Oil and gas law will pass soon and Iraq got the green light to reduce the compensation of Kuwait

October 07, 2012

Deputy Prime Minister revealed for Economic Affairs Rose Nuri Shaways closely to reach a common formula will lead to the adoption of the law of oil and gas in the coming days after the agreement between the Kurdistan region and the central government recently.
Shaways predicted that "This law eliminates more than half of the outstanding problems between the region and the Centre on export and contracting operations."
Shaways said "this law, if approved, would be in the interests of the Iraqi people, and will be in line with the constitution, which stressed the need to exploit all scientific methods to increase production to bring the greatest benefit to the people."
Shaways described the form of relations between the Kurdistan region and central government Bamutaina.
Shaways confirmed the existence of common factors that led to the settlement of all disputes between the province and the center, stands in the forefront convinced both sides to strengthen Iraq's imports by increasing the size of financial export oil from both the center and south, or from the region, in reference to the crisis of oil exports from Kurdistan on its way to a settlement.
And on Iraq's money, Shaways hinted that the money legally, properly covered, which makes them immune from prosecution creditors, especially after the agreements made in this regard with the Development Fund for Iraq, which save, and UN resolution, all oil sales revenues in it, which is renewed annually protection, but it will end next year, which called for the formation of a committee "to protect Iraq's money," which in turn worked on a timetable for the transfer of these funds to a bank account Central American, and worked to find a new formula to protect the money from creditors. "
Shaways described creditors that they had three forms, the first creditors are right, where it was fully settled, the second debt is right, still an ongoing follow-up process, and the third type is the compensation claims foreign nationals. "And added that" type Third also has settled fully in cooperation with the U.S. government and with the agreement of the Iraqi parliament paid compensation Bmekdra $ 400 million.
Shaways revealed Iraq to get a green light from the United Nations to reduce the compensation of Kuwait from five percent to 2 percent or 3 percent, and this is important, but will prolong the repayment period, which stressed that it is about to end soon.

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Deputy Governor of the Central Bank is likely improvement in the Iraqi dinar against foreign currency in the near future

 07/10/2012

Baghdad (news) .. Attributed deputy central bank governor appearance of Mohammed Saleh, the reasons for the high price of gold on world markets due to the economic crisis that swept Europe and America, which led to the devaluation of the dollar and the euro against other currencies, likely improved Iraqi dinar exchange rate against international currencies during the coming period.
Saleh said (of the Agency news) on Sunday: The relationship between the dollar and gold is an inverse relationship when the dollar rises reduced the value of gold and vice versa.

Confirmed: The global crisis that has hit Europe and America have made the demand for gold increases for taking buffer stock to keep the wealth, which led to a price increase in the international markets with the devaluation of the dollar.

He added: that some countries when you see that the dollar and put it unstable in the trading world, it sheltering to other alternatives and يتحوطون by a Lama gold Awalnaft or food viable storage, pointing out that the gold the best alternative to the dollar to maintain the global wealth.

He said: that the status of the Iraqi dinar began improving in front of the international currency difficult and will improve more during the coming period as a result of increased oil production, which will refund substantial financial resources of hard currency, making the country away from the global economic crisis. / End / 8. N. P /

 

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Fuad Masum: President Talabani began to develop guidelines for the national meeting

 07/10/2012

Baghdad (news) .. Head of the block / Kurdistan Alliance parliamentary / MP Fuad Masum, develop guidelines by President Jalal Talabani, a prelude to the national meeting, after he met with all political parties and listen to their views.
Masum said (of the Agency news) on Sunday: The last day with meetings the president was House Speaker Osama al-Nujaifi, the previous head of the coalition in Iraq, Iyad Allawi, Prime Minister Nuri al-Maliki, and continued: Maliki stressed the Constitution and commitment its terms, and Allawi pointed to implement the remainder of the Erbil and security ministries and the law of the Federal Court and the national balance.

The infallible: that President Talabani will try as much as possible the convergence of views between all parties, although I think that his task prone to "failure," but we want it to succeed because failure leads to crisis dark and not necessary only passing. / End / 4. N. P /

 

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Hamoudi's [where]: Iraq committed complex procedures to get out of Chapter VII and wait him out of it

07/10/2012

The Chairman of the Committee on Foreign Relations parliamentary Hamoudi complicated procedures to remove Iraq from Chapter VII marched country and committed to its implementation, and is now waiting to take him out of this item.

He told all of Iraq [where], that "the country out of Chapter VII is not easy nor is based on emotions, there are complicated procedures walked where Iraq, and committed to their implementation, and much has been done, and now my understanding that the ball in the court of the Kuwaiti side that is peace" .

Hamoudi said that the "emir promised to pay a visit to Iraq for a long time, and postponed a visit, and we hope to have a presence in order to file Chapter VII solution, especially with the development of relations between Iraq and Kuwait."

Iraq has been under since 1990 under Chapter VII of the Charter of the United Nations, which imposed after the invasion of Kuwait in August of the same year.

This item allows the use of force against Iraq as a threat to international security, in addition to freezing large amounts of its assets in financial global banks, to pay compensation to those affected by the invasion of Kuwait. Ended 2

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Abtan: You must delete the zeros early 2013 and postponed to 2014 is incorrect

2012-10-06

BAGHDAD (Iba) .. A member of the Economic Committee MP Abdul Hussein Abtan, the Iraqi market needs to project the deletion of zeros from the Iraqi currency early (2013) to save the country from greater economic inflation, stressing: that the postponement of the project (2014) will hurt the country's economy.

Said Abtan told the independent press (Iba): It is necessary to move from currency zeros that increase of the mass of financial and makes them an easy way to steal and loss to currency more sophisticated, adding: that the project to delete the zeros is a message to the civilized world that Iraq's economy is improving day after day.

He added: that the project to delete the zeros will not lead to the collapse of the currency, but will make it safer from theft and less cash in mass commercialization.

He explained: that inflation is increasing continuously in Iraq because of the increased money supply for the lack of scarcity of goods and higher prices as a result of the closure of border crossings with Syria and stop the import of materials and goods to Iraq. (End)

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Talabani being intensive meetings with the leaders of political blocs to launch a national dialogue

Saturday, October 6,

President Jalal Talabani met with a delegation from the Iraqi List led by Iyad Allawi yesterday evening, and the two sides discussed the current challenges and impediments to the political process in the country.

Talabani said during the meeting, according to a presidential statement, the importance of launching practical steps to put an outline produce acceptable solutions to the issues of contention between the parties to the political process, and stressed the importance of respect for the judiciary and the sovereignty and safeguarding human rights and the rights of detainees and to prevent them from persecution through compliance by all the terms of the Constitution.

Allawi stressed that the presence of the president on the political arena is an urgent need being a "safety valve for the country", while denied the Iraqi List to receive an official invitation to attend the national meeting.

And threatened a coalition of state law by resorting to the option of early elections in the event of Iraqi insistence on its position to attend the meeting.

The professor of political science at the University of Baghdad Osama Saidi believed that the president is trying through meetings intensive holds with leaders of political blocs to reach a shared vision between the blocs to resolve the current political crisis, said in an interview with "Radio Sawa" The Iraqi List, suffering from crisis Dkhalah is the conflicting statements released by leaders in the list about important issues.

He also said political writer Hamza Mustafa said the meeting Talabani, Allawi comes within the efforts of the president to persuade the Iraqi leader attended the national meeting prospective ruled Mustafa in connection with "Radio Sawa" the possibility of holding a meeting between Allawi and Prime Minister Nuri al-Maliki in the near future.

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Iraqi List announces conditional approval to attend the national conference

 Saturday, October 06

Stipulated existing Al-Iraqiya adoption Erbil Agreement is in «National Reform paper, to attend any conference called by President Jalal Talabani, who plans to meet a key parliament and the government next week to create the conference.

A delegation from Al-Iraqiya, led by Iyad Allawi, Talabani met Thursday evening and discussed with him the preparations for the conference home. The president called «adopt the principle of fraternal and constructive dialogue aimed at resolving the political crisis, stressing that« the importance of respect for the judiciary and the sovereignty and safeguarding human rights and the rights of detainees and to prevent them from oppression and injustice.

He stressed the need to «start practical steps to overcome political differences. And saw Talabani said «This will be only through the adoption of the Constitution a springboard for building a modern state civilized struggled everyone to put bases and building columns», calling «start practical steps to put an outline would find acceptable solutions to the issues of contention between the parties to the political process».

And denied Al-Iraqiya be refused to attend the conference, saying that «these statements reflect the views of some of the existing deputies. The number of deputies announced that their list «would not attend any meeting», considering that «what is going to try to some political parties to waste time because the other party represented the National Alliance, and Prime Minister Nuri al-Maliki did not want to resolve the crisis did not touch any credibility on this side».

He said the leader of the Parliament decision of Iraqi MP Mohammed al-Khalidi told «life» that «bloc will attend the conference if the paper contained the reform of the Erbil and nine points for the meetings of Arbil and Najaf.

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