Monthly Archives: November 2010
Dong Likely to Go Up After 2012
| November 30, 2010 | Filled under Uncategorized |
The dong is likely to strengthen from 2012, the incoming CEO of Standard Chartered Bank in Vietnam, Laos, and Cambodia told Thoi Bao Kinh Te Sai Gon (Saigon Economic Times) newspaper last week. The exchange rate on the unofficial market surged to VND21,450 a dollar Monday from VND21,300 last week. Louis Taylor forecast the fall in the dong’s value to slow…
Iraq Captures Al Qaida Cell Said Responsible for Attack on Church
| November 30, 2010 | Filled under Uncategorized |
BAGHDAD — Iraq has captured a major Al Qaida cell that targeted Christians. Officials said Iraqi security forces have arrested an Al Qaida cell in Baghdad that had attacked a church nearly a month ago. They said the cell, consisting of 12 operatives, was led directly by the Al Qaida commander in Baghdad. “The terrorists confessed to planning and executing the…
Industry and Minerals: We Seek to Privatize All Industrial Companies in 2011
| November 29, 2010 | Filled under Uncategorized |
Baghdad Ministry of Industry & Minerals in Iraq, on Monday, which works according to plan for the privatization of industrial enterprises next year. Minister of Industry & Minerals Fawzi Hariri said the Kurdish news agency ( Rn), “The Ministry is working to privatise all industrial firms under Iraqi law for the promotion of industry in the country if the availability of…
Turkish Consul in Basra: Iraq’s Investment Laws Are Considered “Impossible”
| November 29, 2010 | Filled under Uncategorized |
Basra-The Turkish consul in Basra province, said Monday that the investment laws in Iraq is “impossible”, in the form of a foreign investor in the country & get a work permit, which adversely affect actual investment projects in Iraq. Ali Reza Oozcokov, the Kurdish news agency (Rn) that “these laws qualify Tjeetien & reduce investment opportunities in the country,” noting that…
The Deletion of Three Zeroes From the Iraqi Currency Is a National Demand
| November 26, 2010 | Filled under Uncategorized |
The process of deletion of zeros from the currency is an important step will lead to economic recovery. Between academic and an economist at the University of Karbala, said that the process of deleting three zeros from the Iraqi currency will lead to currency appreciation and to increase the purchasing power of citizens, pointing to the need to pursue policies to…
Investing in Iraq- What Investors Have Been Waiting For
| November 25, 2010 | Filled under Uncategorized |
Iraq has now become the next investment hot spot. What’s the best way to play it. Some say it’s a challenging market. A new government was formed two weeks ago and the politicians have reached a compromise on who is going to be the next president and prime minister. The party leaders will bid on various ministry positions. That will be…
Iraqi Prime Minister Asked to Form Government
| November 25, 2010 | Filled under Uncategorized |
BAGHDAD (Reuters) – Iraq’s president formally asked Prime Minister Nuri al-Maliki on Thursday to form a new government, giving him 30 days to choose a cabinet from among Iraq’s fractious Shi’ite, Kurdish and Sunni political factions. The request from President Jalal Talabani came two weeks after political leaders reached an agreement to divide up the top government jobs, a deal that…
Biden: Billions of Dollars to Provide Assistance to the Iraqi Security Services
| November 25, 2010 | Filled under Uncategorized |
BAGHDAD – It is hoped that next year will witness the largest arm of the Iraqi army since the fall of the dictatorial regime in 2003. These efforts and the efforts to complete the readiness of Iraqi forces, such as the withdrawal of the American counterpart of the country. It is expected to get the Iraqi air force aircraft F /…
White House Iraq Policy Pumping Up Iran
| November 24, 2010 | Filled under Uncategorized |
BAGHDAD — The Obama administration’s Iraq policy is in chaos. Seven months after Iraq’s national elections, the United States has publicly denied taking sides in the wrangling over who will be prime minister. Privately, however, the U.S. is backing the incumbent, Nouri al-Maliki. The U.S. has applied tremendous diplomatic pressure on Iraq’s Arab neighbors to get them to accept another Maliki…
Welfare Money Runs Out in Iraq
| November 23, 2010 | Filled under Uncategorized |
BAGHDAD – Iraq has run out of money to pay for widows’ benefits, farm crops and other programs for the poor, the parliament leader told lawmakers in one of the world’s most oil-rich nations. In only their fourth session since being elected in March, members of Iraq’s parliament on Sunday demanded to know what happened to the estimated $1 billion allocated…
Biden Outlines U.S. Commitment to Iraq
| November 22, 2010 | Filled under Uncategorized |
NEW YORK, N.M., Nov. 21 (UPI) — The United States must do what it can to reinforce progress in Iraq, where political leaders have forged a new government, Vice President Joe Biden says. “That is why we are not disengaging from Iraq — rather, the nature of our engagement is changing from a military to a civilian lead,” Biden wrote in…
Crisis of Fiat Currencies: US Dollar Surpluses Converted Into Gold
| November 22, 2010 | Filled under Uncategorized |
China, Russia, Iran are Dumping the Dollar Something is going on that your government does not want you to know about. Very few journalists have written about it and little or nothing has appeared in the mainstream media. The story could be one of major stories of our time. Western powers have tried to destroy gold as a backing for currencies…
Iraqi Trade Ministry Introduces Income-Based Rationing Assessment
| November 20, 2010 | Filled under Uncategorized |
Baghdad, Nov. 18 (AKnews) – The Iraqi trade Ministry announced on Monday that the ration card, known as the Public Distribution System, will now operate on a sliding-scale dependent on a citizen’s income. Walid al-Helo told AKnews that the ministry is seeking combat poverty in Iraq by expanding the scope of the system despite international pressure on Iraq to eliminate it…
Iraqiya Meets to Decide on Portfolios
| November 20, 2010 | Filled under Uncategorized |
BAGHDAD / Aswat al-Iraq: Al-Iraqiya bloc would hold an “important” meeting later on Saturday to settle on the cabinet portfolios it plans to demand in the new Iraqi government, a bloc member and legislator said on Saturday. “A consultative meeting is scheduled to be held today (Saturday) between al-Iraqiya and the National Dialogue bloc to take a final decision to agree…
Iraqi Finance: Delete the Zeros From the Currency
| November 19, 2010 | Filled under Uncategorized |
Iraqi Finance: Delete the zeros from the currency will strengthen the position of Iraq to the International Monetary. Baghdad: The Iraqi Ministry of Finance, Thursday, that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the International Monetary Fund. The chancellor said the Iraqi Ministry…
Iraq’s 2011 Budget
| November 19, 2010 | Filled under Uncategorized |
By Naseer Al-Ali/ Baghdad, Asharq Al-Awsat- At a time when nongovernmental economic establishments called for expediting approving of the next year’s (2011) budget and cutting down the operational expenditures to reach the lowest rate of deficit, Othman al-Juhayshi, member of the Iraqi parliament for the Al-Iraqiya list, said that the political blocs have agreed at the meeting held last Saturday to…
Allawi Does Not Expect New Government to Last
| November 18, 2010 | Filled under Uncategorized |
Allawi does not expect new government to last. Head of Al Iraqiya List Iyad Allawi does not expect a coherent and stable Iraqi government, Allawi said in an interview with Reuters from London. “The formula for power sharing has been distorted and the issue of devolution has been distorted so I am not sure whether a coherent government can be formed,”…
It’s Now Currency War
| November 18, 2010 | Filled under Uncategorized |
Notwithstanding the consensus that the world leaders may have on macroeconomic indicators, a brewing discord is in the making. As rightly pointed out by the International Monetary Fund chief Dominique Strauss, currency is being used as a weapon to browbeat adversaries, and look for quick-fix solutions in balancing trade and growth prospects. Though shielded under the garb of sovereignty, this move…
Property Bubble in Iraq
| November 16, 2010 | Filled under Uncategorized |
Property prices rose fast in Baghdad in recent years, going up 50% and even 100% in many places. Now, Nina News reports that property-price rises in Wasit Province, halfway between Baghdad in central Iraq and Basra in the south-east, are “insane”. Prices in the province are far exceeding those of neighbouring ones. The price per square metre in some areas of…
Think Again: Iraq
| November 16, 2010 | Filled under Uncategorized |
“Iraq Is a Democracy.” In theory, but it doesn’t work like one. Yes, it has had three, free national elections and a constitutional referendum and there are elements of democracy. I started covering Iraq in 1998, living there from the start of the war until late 2009, and it certainly feels freer than before. Saddam Hussein held his last election, a…
“Iraq Is a Democracy.”
In theory, but it doesn’t work like one. Yes, it has had three, free national elections and a constitutional referendum and there are elements of democracy. I started covering Iraq in 1998, living there from the start of the war until late 2009, and it certainly feels freer than before. Saddam Hussein held his last election, a plebiscite in 2002, and claimed 100 percent of the vote (and maybe it was true — who would risk voting against him?). Under the old regime, even when I could slip away from government minders, people were usually too scared of informants among their family and friends to speak openly. You weren’t even allowed to keep your mouth shut. Failure to join the chanting crowds at pro-government rallies — watched closely by neighborhood-level Baathists — could cost you your job, admission to university, or worse. Now there’s lots of open talk, government criticism, and widespread Internet access.
But Iraq is not democratic in a reliable or deep sense, where people can expect equal rights, legal protections, or access to their leaders. Free speech is still a dangerous pursuit. At least seven reporters or their staff have been killed this year in what appear to be direct attacks on news agencies, according to the Committee to Protect Journalists. Most others are afraid to get too specific in their criticisms of the leadership. Regulations are tightening, and the track record of Prime Minister Nouri al-Maliki, who has just maneuvered himself into another term in office, is getting darker. The government has started requiring that news agencies register their staff and equipment. Media regulations ban quotations from anonymous sources. Human Rights Watch recently documented government efforts to ban public demonstrations and encourage security forces to violently disperse attempts at peaceful protest.
Despite vast U.S. training efforts, rule of law is still mostly an abstract concept. Criminals can regularly buy their way out of jail and the falsely accused, or those thousands held for months without charges, often have to resort to buying their freedom as well. Secret prisons have been found where inmates face torture by beating, electric shock, and rape. Maliki — along with other leaders — has used arrest as a tactic to neutralize political opponents. It’s most apparent in the still-dangerous and fluid Diyala province, where several Sunni politicians have been jailed. A leader of the Sunni Sons of Iraq — the militias that helped the United States fight al Qaeda — was also arrested by Maliki’s forces in what one U.S. colonel told me was a case of “collateral political damage.” One of the real concerns among opponents and some U.S. officials now is whether, given another term, Maliki’s Dawa Party will consolidate so much power — such as by taking direct control over some military units — that it prevents any future opposition.
Among the many laws held over from the old regime is one that allows the prime minister and cabinet ministers to block investigations into their subordinates, thereby stifling attempts to prosecute corrupt officials. The big money these days is in kickbacks for government contracts. But any business owner can also expect to pay steady handouts to predatory cops and bureaucrats who threaten to yank their permits. Government payrolls — including in the military — are bloated with employees who show up only part time and kick back some of their salaries to their bosses. In July, someone told me about one midlevel ministry official who was finally busted for requiring bribes of people he hired. He apparently got caught only because some who had paid him off complained that he hadn’t put them on the payroll as promised.
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