February 4, 2012

News About Iraqi Dinar

Iraqi Dinar Exchange Rate

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* Motordown Post: Just4Dinar 7/5/10 (Warka Bank Concerns/Info)

Got this from one of my Brokers in Iraq, Im concerned as I have a large portfolio of investments with Warka, they are also one of my Stock brokers in Iraq.

We are amending the RSISX index to better reflect the trading and investing patterns on the ISX.

Companies Dropped from the index:

We are taking out Warka Bank for Investment & Finance J.S.C. (BWAI) from the RSISX Index. We no longer believe the bank to be credible and represent the banking sector in IRAQ. This is a reflection of the recent problems the bank faced with the increase in their capital and the current review by The ISX Commission of its accounts.

Companies Added to the index:

We added Gulf Commercial Bank (BGUC) to the index with 7.5% weight and we increased the weight of Investment Bank of Iraq (BIBI) from 5.0% to 7.5%.

The Banking Sector weighting in the index remains 50%.

The Index will be effective Sunday July 4.

* Source: al-Maliki, Allawi talks a test of wills resolved by July 14

July 5, 2010

A source familiar with the negotiations between the Iraqi List and a coalition of state law Monday that negotiations between the leaders of the two lists, Iyad Allawi, Nuri al-Maliki is a test of wills reliable when the parties to buy time until the end of the constitutional period for the selection of my presidency, parliament and the republic, while pointing out that the parties agree on the alone constitute the backbone of the new Iraqi government with the involvement of other blocks, but not positions of sovereignty.

The source said in an interview with “Alsumaria News”, “The negotiations that took place between Allawi and al-Maliki during their recent meeting last week represented a test of wills between the two contenders for the post of prime minister,” explaining that “Both men agree that form the backbone of the new government and different the post of prime minister. ”

The source, who requested anonymity, that “Allawi’s view on Maliki during the last meeting held at the headquarters of the Iraqi List last week as president, and a number of sovereign ministries in return for getting the Iraqi prime minister,” adding that “Allawi said Maliki that the survival of the National Alliance will keep him a member of parliament or a minister in the next government at best. ”

The source went on saying, “al-Maliki’s response was characterized by his post of prime minister or stay in the National Alliance, and display turn on Allawi’s office the presidency and parliament and a number of positions sovereign against retaining the post of prime minister but Mr Allawi also did not accept this argument has left the discussions as supplemented in subsequent meetings “.

The source added that “coalition of the state of law and the Iraqi National List also agreed on the participation of masses winning the other in the government formation, but not by giving them positions of sovereignty,” noting that “al-Maliki, Allawi insist on their positions and trying to maneuver to gain time before the end of the constitutional period to elect the President of the Republic on 14 July of the current will be resolved this conflict, “he says.

The leader of the Iraqi List, Saleh al-Mutlaq, said in an interview with “Alsumaria News” on the first Saturday, “a project bringing together a coalition of law and the Iraqi National List represents the desire of U.S., as Washington considers an alliance stems from this perspective with the involvement of the Kurds is the best way to form a government new, “Domenech said:” We also believe that the alliance of Iraqi law and the state of the alliance with the Kurds will be the most successful and most ideal to form a government able to restore some kind of balance and stability and prosperity to the country.

Is also a coalition of state law was the first revelation of the American desire to create an alliance between Nuri al-Maliki, Ayad Allawi, uncovered leadership in the state of law, the spokesman for the current government Ali al-Dabbagh said in an interview for “Alsumaria News” during the visit of Assistant Secretary of State Jeffrey Feltman to Iraq in 17 June has shown a willingness U.S. coalition and Iraqi rule of law for the formation of the government and share power to end the crisis in the country, and that the fears of the National Coalition of American intervention comes after the U.S. ambassador ended its mandate in Iraq, Christopher Hill that the dialogue between al-Maliki, Allawi is a positive thing is still in its infancy.

It coincides developments of the political movement tireless U.S. witnessed in Iraq this week, which was to visit the sudden U.S. Vice President Joe Biden, which paved the way by a delegation of U.S. Congress headed by the former candidate for the presidential elections, John McCain, who conducted and the delegation accompanying him to meetings is limited to the leaders of the Iraqi List, Iyad Allawi and a coalition of state law, Nuri al-owner and President Jalal Talabani, to encourage them to accelerate the formation of the government, while not revealing any meeting between the delegation and any other political views.

And received visits U.S. condemnation by the cleric Moqtada al-Sadr lives in Iran, in a statement issued on Sunday, which it expressed its rejection of what he described as “American pressure” on the formation of the new government, a condemnation shared by Sadr al-Din al-Qabanji leader of the Supreme Islamic Iraqi Council, The demonstrations took place for the supporters of the Sadr movement denounce visit Biden, and concluded its serial rejection of Biden’s visit with missile strikes in a night of Sadr City, which is the main stronghold of the Sadrist movement and the renewal of the day and long-denied U.S. Embassy located in Baghdad’s Green Zone, as confirmed by the Baghdad Operations Command today.

And counts some of the political parties that Biden’s visit solution to the question of forming the new Iraqi government, especially as the constitutional time limit ends on the fourteenth of July current, warning that leaving things as they are so far will lead the country in what may have dire consequences.

The month of July by Iraqi months, known as symbolism and political changes of the great things that happen here since the founding of the modern Iraqi state in 1921, marked this month, the first military coup in Iraq in 1958 toppled the monarchy and proclaimed the Republic of Iraq led by Abdul Karim Kassem, has also seen this month coup, the seventeenth of July 1968 which was dominated by the Baath Party to power in Iraq for 35 years, also saw this month in 1979 that Saddam Hussein’s control over the levers of power in Iraq, and he took the post of President of the Republic do as the process of liquidation against leaders Baathist Shiites for his office, and saw in July also formed interim Governing Council which is the first political institution that has run Iraq after the overthrow of Saddam Hussein’s regime on the ninth of April 2003.

The question being debated among the winners in the elections on the text of the constitutional entitlement Cluster winning the formation of the government, Iraqi constitution in accordance with Article 76 on the eligibility of the parliamentary majority of the formation of the government, while insisting coalition Iraqi (91 seats) that the text refers to the list of winning elections at the time of the rule of law is a coalition (89 seats) that the text means any farm that may arise as a result of a merger or alliance winning any of the blocks after the election.

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* Sources Close to al-Maliki Confirm Agreement with Allawi

05/07/2010
By Huda Al-Jasim

Baghdad, Asharq Al-Awsat – High level sources have informed Asharq Al-Awsat that Nuri al-Maliki’s State of Law coalition has sent a delegation to the National Iraqi Alliance that is led by Ammar al-Hakim to inform it that it may withdraw from its alliance in order to form a new alliance with Iyad Allawi’s Iraqiya bloc. The delegation also reportedly informed al-Hakim’s coalition that the State of Law coalition is also attempting to move closer to the Kurdish Alliance, in what represents the most intense period of tension between the State of Law coalition and the National Iraqi Alliance.

A senior source who spoke to Asharq Al-Awsat on the condition of anonymity revealed that “the delegation was led by Abdul Halim al Zuhairi, who is a well-known senior member of the Dawa party and also one of its founders, and the message carried by al Zuhairi to al-Hakim’s coalition was to the effect that al-Maliki will form an agreement with the Iraqiya bloc in order to form a government.”

In conjunction with this, other sources have confirmed that during a meeting yesterday al-Maliki informed one of his ministers that he will form an agreement with the Iraqiya bloc in order to form a government.

Al-Maliki, who won 89 parliamentary seats in Iraq’s March elections, previously formed an alliance with the National Iraqi Alliance in order to head the largest parliamentary bloc and prevent the Iraqiya bloc – which won 91 parliamentary seats – from attempting to form the next government of Iraq. However this alliance between al-Maliki and al-Hakim failed to come to an agreement upon who should be nominated for the position of prime minister, with al-Maliki insisting on retaining the premiership, and al-Hakim attempting to limit the powers of prime minister. It was this which forced al-Maliki to look to the Iraqiya bloc and conduct talks as a first step towards forming a coalition government made up of the two parties.

Despite the sources confirmation, Mohamed al-Bayati, a member of the National Iraqi Alliance has denied that his party received any such message from al-Maliki. He told Asharq Al-Awsat that “despite the difficulties being faced by the mechanism to select a National Iraqi Alliance candidate for the post of prime minister…meetings are ongoing to overcome obstacles.” However in a veiled reference to the Iraqiya bloc, al-Bayati hinted that in the event of the process of choosing a prime minister ending in failure, the parties must look in other directions.

As for the al-Maliki and al-Hakim alliance, which is an unofficial alliance and therefore does not preclude al-Maliki’s State of Law coalition from allying with Allawi’s Iraqiya bloc, al-Bayati told Asharq Al-Awsat that “any alliance with the Iraqiya bloc would also be unofficial, and the problem is who will have the greater portion of parliamentary votes [to obtain] the post that they will stand for.” He added that ‘all political blocs are facing a big test because they are facing external and internal pressures, and whoever succeeds in overcoming these pressures will have a position in the forthcoming vote.”

For his part, senior member of the Iraqiya bloc Fatah al-Sheikh confirmed that the convergence between the State of Law coalition and the Iraqiya bloc “is not targeting any political party, and that delegations between the two parties are working day and night to end the negotiations within the next 10 days, and this is a timeframe that leads up to the sitting of the second parliamentary sessions that is expected to be called within the next few days.”

Al-Sheikh also confirmed to Asharq Al-Awsat that the new alliance between the two blocs remains in the early stages and that “until now they are not very close [to one another], nor are they very remote [from one another].” He said that the goal of this alliance is to form a national partnership government that includes all [political] components, including those who have an influence upon Iraqi society but failed to win a parliamentary seat. Al-Sheikh also indicated that any State of Law coalition – Iraqiya bloc alliance constitutionally only requires 36 additional parliamentary seats to form a government, which includes the nomination for prime minister, president, and parliamentary speaker. Al-Sheikh also told Asharq Al-Awsat that dialogue is ongoing with the Kurdish Alliance, who will be a major partner in any future government, as well as with the National Iraqi Alliance, the Unity Alliance of Iraq, and all other political blocs.

http://aawsat.com/english/news.asp?section=1&id=21520

* Biden looking with Talabani efforts to form a new Iraqi government

Posted 05/07/2010 01:30 PM – Bab News

BAGHDAD (Babuz): Consideration of ex-Iraqi president Jalal Talabani and his Vice President Joseph Biden on Monday efforts to form the next Iraqi government. A statement issued by the Iraqi presidential press office said Talabani, Biden had “discussed the constitutional procedures for the post-election meetings, and meetings between the winning blocs towards forming the new government.” Talabani described Biden as “an old friend, confirming its readiness to continue its efforts to unify the positions of the various parties toward an agreement on a common platform and move to the next stage.”

The statement quoted Biden “his appreciation” for the efforts made by the Taliban to eject Iraq from the current political crisis and its emphasis on the importance of finding common points between the various parties. Biden reiterated his country’s support for the democratic process in Iraq and its quest to see that the Iraqis united, and expressed hope that agreement be reached between the various forces on a joint program to form a new government.

Biden was discussed with each of the Iraqi Vice President outgoing Adel Abdul-Mahdi, and President of the Supreme Council Chairman of the National Coalition Ammar al-Hakim, the latest political developments and security in the race.

In a statement issued today by the office of Abdul Hadi said the two sides stressed the need to “respect the constitutional times and accelerate the formation of a government of national partnership, which includes all the political parties.”
Biden also met later with al-Hakim without nominate something about what took place during the meeting, which comes in the third day of Biden’s visit to Iraq.

Biden was discussed yesterday with the President of the Iraqi National List won the first prize legislative elections, Iyad Allawi, and Prime Minister of the outgoing President of the mass of coalition rule of law, Nuri al-Maliki, the issue of forming the next government and the bilateral relations in light of the provisions of the Convention and security framework agreement for bilateral cooperation is multifaceted.
It is said that Biden arrived in Baghdad on Saturday in a surprise visit to Iraq for talks with Iraqi leaders to focus on ways to accelerate the formation of the government.

The Iraqi parties had not yet reached an agreement to form the next government, despite the passage of four months after the legislative elections.

Maliki meets Biden – 07/04/2010

BAGHDAD / Aswat al-Iraq: Iraqi Prime Minister Nouri al-Maliki met on Sunday with U.S. Vice President Joe Biden, hours after meeting with the al-Iraqiya bloc leader Iyad Allawi, according to a cabinet press release.

The release did not elaborate on the details of the meeting.

Earlier on Sunday (July 4), Allawi said a meeting with U.S. Vice President Biden on Sunday focused on the need to accelerate formation of a new government, adding Biden did not carry any proposals in this respect.

“A two-hour meeting was held in the house of Iraqiya member and Deputy Prime Minister Rafie al-Issawi between Iraqiya leader Allawi and U.S. Vice President Biden,” Issawi’s office said in a statement received by Aswat al-Iraq news agency.

“The meeting was attended by the U.S. ambassador to Iraq and a host of Iraqi and U.S. political experts and advisors,” it added.

The statement quoted Allawi in statements to reporters after the meeting as saying that the talks dealt with the current situation in Iraq and the region as well as the need to speed up formation of a new government.

“There were no certain proposals offered in this regard on the part of the U.S. side,” Allawi noted.

He pointed out that Biden expressed interest in Iraq’s stability and the need to avoid prolonging the formation of a government so that circles seeking to undermine Iraq’s interests would not capitalize on the current state of affairs.

Biden, entrusted with the Iraqi affairs file, had arrived in Baghdad on Saturday on an unannounced visit amidst faltering talks among Iraqi political powers to form a new government four months now after the country’s second ever legislative elections since 2003 were held.

Differences are heating up among the al-Iraqiya, which obtained 91 seats, and Maliki’s Dawlat al-Qanoon(State of Law), which came second with 89 seats, to win the post of prime minister for the new government.

Incumbent Iraqi Prime Minister Maliki’s bloc struck a coalition with Ammar al-Hakeem’s Iraqi National Alliance (INA), together having 159 seats, in a bid to form the largest parliamentary bloc, a matter viewed by Allawi’s al-Iraqiya as a twisting of democracy on the grounds that his bloc was the largest one with votes in the elections and consequently it has the right to form a government.

http://en.aswataliraq.info/?p=134094

* State of Law negotiates with al-Iraqiya instead of INC

Monday, July 5th 2010 11:12 AM – AK News

Baghdad, July 5 (AKnews) – The negotiations with the Iraqi National Coalition (INC) are stalled while they resumed with al-Iraqiya list,” a leader in State of Law and the spokesman of the government said on Monday.

“The negotiations are resumed with al-Iraqiya list while they are stalled with the Iraqi National Coalition, and we hope to reach a consensus with al-Iraqiya list in the coming few days,” Ali al-Dabbagh said.

Outgoing Prime Minister Al-Maliki attacked on Tuesday the Iraqi National Coalition, after the latter demanded him to leave his post and he said “he will do that but for whom?? he added that he will withdraw for any candidate who won 90 votes in the elections.”

The State of Law List and National coalitions announced their alliance on May 4 after the alliance have 159 seats, 4 seats less than the majority needed to form the government, including 89 for the State of Law and 70 for the Iraqi National Alliance.

The State of Law insists on nominating only one candidate, who is Nuri al-Maliki for the prime minister’s post, while the Iraqi National Coalition demanded the naming of more than one candidate for the post, especially that some forces within the coalition, particularly Sadr movement, led by the cleric Muqtada al-Sadr, opposes the nomination of al-Maliki for a second term, and the Iraqi National coalition nominated informally the former Prime Minister, Ibrahim al-Jaafari and the outgoing Vice-President Adel Abdul Mahdi for the post.

The Iraqi parliamentary elections were held on the 7th of March, and the results of the elections were announced on the 26th: They showed the progress of Iraqiya List, led by former Prime Minister Iyad Allawi, by gaining 91 seats, followed by the State of Law coalition, led by outgoing Prime Minister Nuri Al-Maliki, with 89 seats, while the Iraqi National List coalition won 70 seats and the Kurdistan Alliance List came in the fourth place by obtaining 43 seats.

State of Law started serious negotiations with al-Iraqiya after the meeting between Allawi and Nuri al-Maliki in order to form the next government.

The leader in the INC Ahmed al-Chalabi accused the State of Law of being close to the United State before the arrival of the American Vice President Joseph Biden to Baghdad on Saturday.

Rn/SH (AKnews)

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