End of the month automatically begins to leave Iraq from Chapter VII

2013-06-15



Undersecretary of the Kuwaiti Foreign Ministry Khaled Al-Jarallah that there is a memorandum prepared to be adopted soon between Iraq and Kuwait to develop the northern oilfields and then direct extraction of oil in the light of this note. Indicating that the end of the month will begin Iraq automatically Belkrog of Chapter VII final.

The newspaper quoted Kuwaiti politics today Jarallah say about whether the Iraqi side has touched to the port of Mubarak Al-Kabeer during the visit of Prime Minister of Kuwait to Baghdad: not touching to this subject and the port of Mubarak proceeding according to plans drawn and there is no new about it and نتمى to start work there soon the reception of ships and spin the wheel in this vital port too, which will not be in the interest of Kuwait only, but also for the benefit of Iraq.

He stressed that "the success of the visit of Prime Minister Sheikh Jaber Al-Mubarak to Iraq all standards and were positive and fraternal, transparent and very frank was addressed to all the files did not rule out any particular file at all, adding that there are common understandings about these files that are related to the relationship of bilateral and brotherly relations between the two countries, and we went to Baghdad to turn the page on the past and to establish relations Makhrh respect, understanding and good neighborliness and common interests. "

And on what was said by Foreign Minister Hoshyar Zebari said the amount of compensation remaining on the Iraq / / 11 billion dollars and the ball is now in the court of Baghdad out of Chapter VII to pay this amount may have once said, "The compensation is going according to its schedule and Iraq is committed to have paid a one-time or continue to be paid according to schedule until mid-2015

He denied "address or search on the subject of Kuwaiti debt owed ​​by Iraq during a visit to Baghdad.

He Jarallah: When we say that we helped Iraq Yes, we worked with our brothers in Iraq out of Chapter VII-VI and this result in fulfillment of Iraq's international obligations, particularly with regard to the resolution / 833 / and we expect over the next week or at the end of this month to begin the transition to our brothers in Iraq and exit Chapter VII of the final.

He pointed out "that the talks Kuwaiti - Iraqi touched on the situation in Syria, because what happens where a painful thing and a humanitarian catastrophe and therefore it was necessary to talk about him and his potential to get out of this ordeal and disaster experienced by our brothers in Syria.

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Finalize arrangements for the exit of the country from Chapter VII end of the month

06/13/2013 09:16



Iraq and Kuwait signed six agreements and memoranda of understanding covering aspects of economic, commercial, cultural, environmental and diplomatic and transport.

While Prime Minister Nuri al-Maliki move Iraq's relations with Kuwait to a new stage, informed sources revealed a tendency Baghdad early next week to New York to finalize arrangements for the exit of the country from Chapter VII end of the month, after the approval of Kuwait and ensure the vote Russia on it.

A statement from the prime minister received "morning," a copy of it on Wednesday: "Prime Minister Nuri al-Maliki held a bilateral meeting with his Kuwaiti counterpart Sheikh Jaber Mubarak Al-Hamad Al-Sabah, confirmed through transmission of the relationship between Iraq and Kuwait to a new stage," adding that "This meeting was followed by a joint meeting in the presence of members of the Iraqi and Kuwaiti delegations. "

The statement noted that al-Maliki said in a speech opened the session of the Joint Meeting: "The Iraq would not only override the crisis, but will open with Kuwait, a new era of cooperation and the development of political and economic relations, and in the areas of investment, energy, transport and the environment," calling "businessmen and the Kuwaiti private sector to take advantage of the many investment opportunities available in Iraq, and hold a joint conference of businessmen from both countries to discuss opportunities for cooperation in this area. "

For his part, Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah "open a new stage in relations, Iraq - Kuwait, beyond which address the legacy turn the page on the past, to a wider relations in all fields."

In a joint statement the two sides of Iraq and Kuwait came after the end of their meeting yesterday, stressed the "strengthening and developing bilateral relations and push for new horizons and further communication and coordination at all levels, reflecting the level of development in bilateral relations between the two brotherly countries," pointing out that "the two sides reviewed during the meeting the development of bilateral relations between the two countries, and expressed their satisfaction at the progress of tangible progress in the areas of cooperation between the two countries and issues of common interest. "

The statement added that he "was signed a number of agreements and memorandums of understanding included aspects of economic, commercial, cultural, environmental, diplomatic and transport," noting that the two sides "agreed to proceed with the work to strengthen the process of bilateral cooperation in all fields and work to open new horizons to achieve the aspirations of the leaderships and peoples of the two countries brothers, and continue and continue coordination and consultation regarding all regional and international developments and work on strengthening security and stability in the region. "

In the meantime, informed sources revealed the "morning" that Foreign Minister Hoshyar Zebari will travel next weekend to New York to finalize arrangements for the withdrawal of Iraq from Chapter VII.

The sources pointed out that he will be in the 27 of this month to vote by the Security Council on Iraq would emerge from Chapter VII to Chapter VI after the approval of Kuwait and ensure Russia's vote to approve it.

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Kuwaiti Premier Visits Iraq, Tightening Bonds

13 June, 2013

Kuwait's prime minister discussed ties with his Iraqi counterpart in Baghdad on Wednesday, signaling improving relations between neighbors still working to overcome the more than two-decade legacy of war.

The warming bonds between Shiite-led Iraq and Sunni-ruled Kuwait are noteworthy in a region increasingly plagued by the sectarian divisions running through Syria's civil war and Iraq, which is struggling to contain its worst eruption of violence in years.

Iraqi Prime Minister Nouri al-Maliki personally greeted Sheik Jaber Al Mubarak Al Sabah on a red carpet on the airport tarmac before the two men sat down for talks. Officials later signed a series of agreements aimed at improving bilateral ties in the economic, transportation and other sectors.

The leaders hailed the latest set of talks — one of several high-level meetings between the countries in recent years — as the start of a new chapter in their relationship.

"We got rid of a heavy burden and turned the page from the past toward broader relations in all fields," Sheik Jaber said in a statement issued by al-Maliki's office.

Iraq and Kuwait, a close U.S. ally in the oil-rich Persian Gulf, have been making progress in mending ties frayed by then-Iraqi dictator Saddam Hussein's 1990 invasion of his southern neighbor, setting off the first Gulf War.

U.N. Secretary-General Ban Ki-moon welcomed "the growing momentum for the full normalization of bilateral relations between Iraq and Kuwait," U.N. deputy spokesman Eduardo del Buey said in New York.

Ban spoke to the Emir of Kuwait and al-Maliki before a meeting with ambassadors of the two countries Wednesday, del Buey said.

Officials on both sides expressed concern about the civil war ravaging Syria, where largely Sunni rebels are battling forces loyal to the Iran-backed regime of President Bashar Assad. The fight is drawing in foreign militants from Iraq and other countries on both sides of the conflict.

In response to questions about the civil war in Syria, Iraqi Foreign Minister Hoshyar Zebari repeated Baghdad's stance that it does not condone the movement of any militants to Syria. He sought to make clear that Iraq — officially neutral in the conflict — was not choosing sides.

"We have contacts with both the regime and the opposition," he said. "The fighters' travels are happening without the knowledge of the government."

There are signs that the aftereffects of Iraq's 1990 invasion are receding.

Relations took a step forward last year when Kuwait's ruling emir traveled to Baghdad to attend an Arab League summit. He was the only leader from the Sunni-dominated Arab Gulf states — wary of Shiite powerhouse Iran — to attend the meeting.

Kuwait and Iraq last year reached a deal to settle a Saddam-era legal dispute that had long dogged Iraq's national airline and was a major sticking point between the countries. Kuwait's parliament earlier this year approved the accord, under which Baghdad will pay $500 million in compensation to Kuwait's national carrier for damages caused during the Iraqi occupation.

The disagreement centered on Kuwait's accusations that Saddam's regime stole 10 airplanes and millions of dollars' worth of equipment and spare parts during the invasion. Kuwait earlier demanded $1.2 billion in reparations, but Iraq's postwar leaders resisted.

In February, an Iraqi Airways flight landed in Kuwait for the first time since Saddam's invasion. Officials hope the ceremonial flight will lead to closer commercial ties.

Iraq continues to pay off billions of dollars of war reparations to Kuwait. It expects to complete those payments by 2015, according to Zebari.

Elsewhere in Iraq on Wednesday, gunmen killed provincial election candidate Luay Abdul-Wahid in a drive-by shooting in the restive northern city of Mosul, according to police and hospital officials. They spoke on condition of anonymity because they were not authorized to release the information to journalists.

Iraq held elections for provincial council candidates in much of the country in April, but authorities delayed voting in two Sunni dominated provinces, Anbar and Ninevah, citing security concerns. Mosul is the capital of Ninevah province. After Baghdad, it has been one of the hardest hit areas in terms of violence in recent months.

Iraq is weathering its worst wave of bloodshed in half a decade, with nearly 2,000 people killed since the beginning of April. The upsurge is reviving fears of a return to widespread sectarian fighting.

End.

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Economic parliamentary: the low exchange rate of the dinar against the dollar due to the failed policy of the Central Bank

Sunday, June 2, 2013

The parliamentary economic committee attributed the continued decline in the exchange rate of the Iraqi dinar against the dollar to the central bank's policy "failed".

The central bank has promised to take measures to raise and stabilize the price of the Iraqi dinar as it was in the past, but the impairment and the exchange rate of the dinar continues.

He said the Commission's decision Mahma Khalil told all of Iraq [where] that the continuation of the low exchange rate of the dinar is the result of failed political central bank and keep supply and demand and the reason for this policy recent changes on the management of the bank in addition to that affect and extend the government on the powers of independent bodies, including the Central Bank. "

He added that "the central bank today takes the directives and decisions of the government more than it is committed to the legislative side, although the Constitution provides that the bank linked to the House of Representatives."

He said Khalil "As the Iraqi environment has become a result of current conditions environment expelling the foreign currency and not attractive her and citizens due to lack of customs tariffs and the absence of regulations, the legislative, the goods enter the Iraqi market from different المناشيء a result there is no law on Tariffs customs and such a number of factors led to the low price Iraqi dinar exchange. "

Observers believe Economists and analysts said the increased turnout to buy the dollar has led to a significant drop in the price of the dinar and attribute this to smuggle most of it will offer daily Central Bank of dollars abroad.

The Iraqi Central Bank announced shortly before the new procedures limit the availability of the U.S. currency in markets where demand to buy them, amid suspicions suggest the smuggling of large amounts of hard currency in Iraq for neighboring countries.

And issued the CBI, new instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies select the stakes weekly for banks and money transfer companies and trading firms currency from the dollar is estimated according to the capital of each of them, and we will increase and decrease the stake against the commitment of all of them deliver the amounts they want customers citizens.

The central bank starts to put the dollar at an auction for the sale of foreign currency at subsidized prices and the lowest of the real exchange rate in the market to support the dinar. "

Observers fear stop CBI those auctions and then multiply the value of the dollar against the dinar. "

The central bank is facing charges for the staff in conjunction with officials in the state with corruption and smuggling of currency Bank is currently subject to investigations affected province former Shabibi, who left Iraq several months ago and no longer fear of arrest according to the warrant.

Employees complain and retirees who receive their salaries in dinars from price rises, and that their salaries are no longer sufficient to meet their needs and that the rise in prices has included real estate and rentals, as well as transportation, food and clothing. 2 ended.

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Central Bank of Iraq is suing one of the members of the House of Representatives

Sunday, June 2, 2013

The Iraqi Central Bank, on Sunday, he would sue one of the members of the House of Representatives for insulting the bank, reiterated his claim politicians or wishing wading in such subjects standing on the health issues that they have, especially since some are real and illogical.

The bank said in a statement received by the agency Ambassador News ", a copy of" one members of the House of Representatives said in a television interview that the central bank has deposited in three Arab banks billion dollars interest rate of 3%, "noting that" this MP is the beginning of what is going on, as the mechanism adopted at the bank is a deposit with the central banks only in countries that have its credit rating more than good, and is performed by a decision of the Board of Directors of the Bank. "

The bank said that "these conversations misleading used to meet the Bank's policy Avenue in uprooting the corrupt and parasites, and his defense of the men bankers serious and actors in building the economy of Iraq," noting that "confuse the information public and shuffling papers in front of him does not constitute an abuse of the central bank and the banking system only, but also to the system of national effort to build the institutions and support the economy and weakens confidence in any decisions and mechanisms can be pursued by the state. "

The bank that he "reserves the right to legal establishment of a lawsuit over what was stated in the interview, which made ​​this MP from abuse and misleading to the Bank's work," reiterated its call "for politicians or wishing to go into such topics, stand on the health issues that they have, especially since some are not real and illogical for a specialist priori. "

The bank said that "access to these topics by the bank will not lose these credibility if their destination reform."

The CBI confirmed, on 19 May 2013, that the statements unauthorized confused the market and led to losses for businessmen and investors, resulting in losses for investors and businessmen, noting that there was no justification for such statements in economic terms.

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Director of Microsoft Corp.: ready to contract with all Iraqi banks in the field of transfer of expertise and technological banking

26-05-2013

Baghdad (news) .. The Director of Business Development of Microsoft Corporation in Iraq Firas al-Obeidi, his company's readiness to conclude agreements with all Iraqi banks in the field of transfer of expertise and technological banking.

Obeidi said (of the Agency news): The Iraqi banking system in dire need of modern developments he is still working according to the old traditional systems, where it lacks the Integrated Systems banks in the issue of remittances, as well as the lack use Alvezacard systems and MasterCard.

He explained: that his company is ready to hold agreements with all banks, the Iraqi government and private in the field of training competencies and transfer of expertise in the company as well as the transfer of technological world in the banking industry, to create a device that Iraqi bank a sophisticated, easy operations and provides banking services better to the citizen. / End / 8 .. /


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Vian outsider: Payment on credit law will pass, as amended, for a vote in the House of Representatives

05-05-2013

Baghdad (news) .. Chairman of the Committee warned services and reconstruction MP / coalition of Kurdish blocs / Vian outsider, the vote on the draft law of infrastructure coming from the government, because it would put Iraq under a large debt can not get out easily.

Dakhil said (of the Agency news): The parliamentary committees conducted an amendment on the draft law of infrastructure or the so-called 'payment on credit', which came from the form of government maintains public money and wealth based on Iraqi oil.

She explained: that the version that came from the federal government can not be voted on in the House of Representatives, because it put Iraq in significant economic problems and overburden the state financial debt, stressing that the revised draft will be passed within the Council for the purpose of voting on them.

She pointed out: that the only bloc, which objected to the amendments to the law 'coalition of the rule of law', while the other blocs expressed their consent to the recent amendments, voting weighted by the parliamentary majority during the next sessions of the House of Representatives. / End / 8.'s. M /

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