Wednesday, February 29, 2012

* Iraq Seeks up to $700bn Investment in Infrastructure

Sami al Araji, chairman of Iraq’s National Investment Commission (NIC), compared the opportunities in Iraq to “Germany after the Second World War”, adding, “our message to the world is that we are open for business — there are huge opportunities”.
Dennis Flannery, Iraq country head of global investment bank Citigroup, told the conference that the oil industry will throw up tremendous wealth that will transform Iraq, calling the country a “great frontier opportunity for investors.” 
http://www.iraq-businessnews.com/2012/02/29/iraq-seeks-up-to-700bn-investment-in-infrastructure/

* Egypt’s Orascom Wins $363m Power Contract

Iraq’s cabinet has approved a $363 million (435 billion Iraqi dinar) contract on Tuesday with Egypt’s Orascom Construction to build a 1,014 MW gas-fired power plant in the northern town of Baiji
http://www.iraq-businessnews.com/2012/02/29/egypts-orascom-wins-363m-power-contract/

Tuesday, February 28, 2012

* Economist: Delete the zeros sound decision and timing appropriate

The participants agreed on the timing for the launch of the new currency (after) deleting three zeros were correct timing contributed to the stability of the currency market.
The appearance of Mohammed Salih, Deputy Governor of Central Bank of Iraq has made it clear to the participants - delete the zeros and the continuation of the two currencies in circulation for two years so as to accomplish the task successfully and revealed that what is left of the currency for some can be replaced after two years, not allowed to trade for ten years.


http://theiraqidinar.com/2012/02/28/economist-delete-the-zeros-sound-decision-and-timing-appropriate/

* Deputy for CBI: Project to delete the zeros from the currency-based and will be announced as soon as GOI approval

SOLID NEWS AND PRETTY CLEAR TO WHERE THEY ARE AT ...


Saleh said - central bank exceeded the advanced stages in the preparation...
For the project to delete the three zeroes from the currency and within a specific time frame as a reform project of the Iraqi currency...
He added that in the event of obtaining approval by the federal government on the implementation of the project...
Will be announced on its implementation and contract with advertising companies and the media to educate citizens on how to use the new currency and to answer all questions raised...
We are now awaiting approval from them to get to the final stages of project implementation.
http://theiraqidinar.com/2012/02/28/deputy-for-cbi-project-to-delete-the-zeros-from-the-currency-based-and-will-be-announced-as-soon-as-goi-approval/

Monday, February 27, 2012

ISX - Market Summary Latest Update Latest Update 27/02/2012


Market Summary
Main Index
123.16
Change
0.21
Change %
0.17%
Value Traded
1,853,546,319
Shares Traded
1,022,448,401
Trades
685
Symbols Traded
46
Symbols Up
9
Symbols Down
19

UNDP REPORT: ARAB DEVELOPMENT CHALLENGES 2011

Hi Folks,
For those interested in the MENA (Middle East & Northern Africa), here's some excerpts from the UN's Development Team (UNDP).  The report is titled:
ARAB DEVELOPMENT CHALLENGES REPORT 2011
Scooter
http://emerginggeos.blogspot.com/2012/02/undp-report-arab-development-challenges.html

Saturday, February 25, 2012

Emerging Geo's

Hi Folks,
I hope you are well!  This call is Chapter II of Highlanders Mythbuster's Series on the Iraqi Dinar. Exceptional topic and call!   The is the first hour of the call and the topic is below:
Free Market Economy vs. Oil Dependency (good, bad, ugly)
I hope you enjoy,
Scooter
http://emerginggeos.blogspot.com/2012/02/revalue-conference-call-highlander.html

PAPER MONEY !

A SNAP SHOT OF REALTY CAN YOU IMAGINE  DOING A LITTLE FOOD SHOPPING. THE AMOUNT OF CASH YOU WOULD HAVE TO CARRY IF OUR CURRENCY WAS WORTH A TENTH OF A PENNY. IT CAN'T CONTINUE LIKE THIS IT'S CRAZY ESPECIALLY HOW RICH IRAQ IS AND HOW FAR THEY HAVE COME WITH THE WORLD COMMUNITY. THIS IS WHY THE VALUE OF THEIR CURRENCY THE DINAR WILL RISE AND THEIR MINIMUM TARGET VALUE PER THE MINISTRY OF PLANNING IS $1.17 TO THE DOLLAR...
  

Friday, February 24, 2012

FEBRUARY 21, 2012 It’s now the right time to keep Vietnam dong !


The State Bank of Vietnam had kept the dong/dollar interbank exchange rate at 20,828 dong per dollar for the 39th consecutive day by late last week. The exchange rate stabilization has prompted people to sell dollars and keep dong.
Nguyen Ngoc Lan in Hoan Kiem district in Hanoi on February 16 morning came to Eximbank to ask about the dollar prices, planning to covert the dollar deposits at the bank to dong deposits.
Lan said that the central bank has been keeping the exchange rate unchanged for the last 40 days, which means that the exchange rate would be stable in the time to come. Therefore, Lan decided to sell the dollars she has to buy dong to deposit at banks. While the dollar deposit interest rates stay at two percent per annum, the dong deposit interest rate is 14 percent per annum. Therefore, it would be more profitable to deposit in dong than in dollar. 
In the past, the central bank sometimes had to devaluate the local currency by 5 percent, 7 percent or 10 percent, depending on the supply and demand. Once the supply was short, the exchange rate expectations increased.

Iraq has large reserves of gold; Not affected by the volatility of world prices

A member of the Economic Committee MP for the coalition in Iraq Qusay Gomaa said Iraq will not be affected by fluctuations in the price of gold in international markets because it has large reserves of gold and jewelry.
http://translate.google.com/translate?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D45135#axzz1nHoeXxNJ

URGENT: for the first time in the history of Iraq, the budget provides for the distribution of cash from oil exports increase on the citizens Thursday, February 23, 2012 23:34

* Bahr al-Ulum al-Maliki is expected to visit Kuwait mission to remove Iraq from Chapter VII

“Iraq has made ​​at the beginning of last year, an achievement great to get out of Chapter VII, and today is keen to achieve the great national achievement, a lasting exit from this item. “
what is left is to give the finishing touches on the normalization of the relationship between the two neighbors.”
http://theiraqidinar.com/2012/02/23/bahr-al-ulum-al-maliki-is-expected-to-visit-kuwait-mission-to-remove-iraq-from-chapter-vii/

Iraqi parliament approved the budget worth 100.5 billion 2012 dollars

SOLID NEWS - 
Members of the Iraqi parliament, parliament, parliamen
The House proceeded to vote on budget items yesterday afternoon and continued the session until midnight in the presence of 248 deputies, and headed by Osama Najafi. 

And approved the budget on the basis of the average oil price of $ 85 a barrel and an average crude exports of 2.6 million barrels a day. 

The budget forecasts a deficit of $ 12.6 billion will be funded from the bulk of the surplus in the calculation of the Development Fund for Iraq at the Federal Reserve Bank in New York. 

http://translate.google.com/translate?act=url&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://www.aknews.com/ar/aknews/2/291858/

Thursday, February 23, 2012

ISX - Market Summary Latest Update Latest Update 23/02/2012



Market Summary
Main Index
123.56
Change
0.56
Change %
0.45%
Value Traded
1,168,980,861
Shares Traded
586,955,538
Trades
607
Symbols Traded
47
Symbols Up
16
Symbols Down
13

Sunday, February 19, 2012

ISX - Market Summary Latest Update 19/02/2012




Main Index
123.86
Change
0.49
Change %
0.39%
Value Traded
1,862,289,419
Shares Traded
1,269,136,033
Trades
675
Symbols Traded
49
Symbols Up
14
Symbols Down
23
Flat
12

Saturday, February 18, 2012

Warka response to account problems.

Dear Sir, The are currently updating the core banking system where the update will be completed shortly and all the account details and balances will be restored accordingly… I have advised the e-banking department to post a notice to well update our clients… Best regards. Mohammad K. Issa http://breitlingcurrency.blogspot.com/2012/02/warka-response-to-account-problems.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+IraqInvestments+%28Iraq+Investments%29

* Iraqi Stock Exchange announces circulation of more than 41 billion dinars during the last month


Declared the Iraqi market for securities, Saturday, from trading in more than 24 billion shares traded amounted to a value of more than 41 billion dinars during the month of January and an average of five sessions per week.
The index of the first stock exchange in its opening month of January to 138.18 points, up 1.58 percent from the last session of a month last December and was up by 12 percent from its last meeting for the month of January.
http://theiraqidinar.com/2012/02/18/iraqi-stock-exchange-announces-circulation-of-more-than-41-billion-dinars-during-the-last-month/

Thursday, February 16, 2012

CENTRAL BANK OF IRAQ - (CBI)

THIS IS FOR ANY NEWBIE'S, OR FOR SOME REASON YOU DON'T KNOW...


The primary objectives of the Central Bank of Iraq (CBI) is to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq.


Indicative rates - 16.02.2012
US dollar - USD - 1166.000 - 1164.000


http://www.cbi.iq/

ISX - Market Summary Latest Update Latest Update 16/02/2012

http://72.52.252.89/isxportal/portal/homePage.html?currLanguage=en
Main Index
124.35
Change
0.04
Change %
0.03%
Value Traded
1,705,283,201
Shares Traded
1,073,125,650
Trades
737
Symbols Traded
50
Symbols Up
19
Symbols Down
16

Flat
15



Wednesday, February 15, 2012

Serbian-Iraqi deal to make pipelines

Governor of Anbar, Qasem Mohammed, revealed the project after meeting last week with the Serbian Ambassador to Iraq Radisav Petrovic and a number of representatives from Serbian companies who work in agriculture, industry and oil.
He also added that the companies were studying other investment opportunities in the province, but did not comment further.
http://aknews.com/en/aknews/2/290040/

Dutch Ambassador: we encourage Dutch companies to do business in Kurdistan

Tamar Ramazan
“Dutch companies have good experience in the fields of sports, buildings stadiums, water systems, and industry” said the Dutch ambassador. “We will try to get Dutch companies come here and do business”
http://aknews.com/en/aknews/2/290223/

Exclusive: Clinton in talks about possible move to World Bank

Secretary of State Hillary Clinton arrives for a news conference after the third contact group meeting on Libya, at the Emirates Palace in Abu Dhabi, June 9, 2011. REUTERS/Jumana El Heloueh
She has said publicly she did not plan to stay on at the State Department for more than four years. Associates say Clinton has expressed interest in having the World Bank job should the bank's current president, Robert Zoellick, leave at the end of his term, in the middle of 2012.
"Hillary Clinton wants the job," said one source who knows the secretary well.
http://www.reuters.com/article/2011/06/09/us-obama-clinton-worldbank-idUSTRE7586P720110609

Iraq's 2012 Budget ~ Parliamentary Deputy for Finance holds the presidency of parliament responsible for the delay in approving the budget ...


The Jubouri said in a statement, Wednesday, that the delay in approving the budget by Parliament Tcespb in disrupting the progress and the money inside the Iraqi market, noting that when the money was moved into the market will invest in both public and private sectors but remain frozen, it will cause a loss of significant economic in the country .
http://goingglobaleastmeetswest.blogspot.com/2012/02/iraqs-2012-budget-parliamentary-deputy.html

CBI ~ The Iraqi Dinar Will Remain Strong ..GDP of Iraq will rise from 180 to 350 billion dollars after two years


Saleh said that we are always working to review the controls sale of foreign currency out of the window official (central bank) and Iraq enjoy considerable freedom in the transfer of funds as provided for in ..
Article VIII Link of the Convention on the International Monetary Fund has allowed Iraq to free current account to purchase goods and services from abroad without restrictions. 

http://goingglobaleastmeetswest.blogspot.com/2012/02/cbi-iraqi-dinar-will-remain-strong-gdp.html

Iraq Decides to implement the national ID card project worth $ 260 million

A British official urges economic investment and the opening of banks in Iraq


The statement added that Byrd for his part expressed his country’s desire to deepen relations between the two countries, stressing that he would work to encourage British companies to enter the Iraqi market for investment in all areas and to participate in the reconstruction of Iraq.
http://theiraqidinar.com/2012/02/15/iraq-decides-to-implement-the-national-id-card-project-worth-260-million/

Tuesday, February 14, 2012

* (8ball): 8BALLS – Focus on Iraq 2/14/12



The two day moving average cash sales show the there is relatively no change to the CBI policy change which occurred January 31st. The cash auction should have recovered to a larger position like it has done in the past. The transfers still haven’t rebounded.
Change is good….!!!!
8ball

Lamprell Wins $62m Iraqi Oil-Rig Contract

Lamprell Wins $62m Iraqi Oil-Rig Contract

The deal is valued at USD 62 million. The works will be performed at Lamprell’s Sharjah facility and are due for delivery in Q4 2012.

First oil center in Thi Qar province by Japan

The center will offer courses in electricity, sewing, English language and internet, "but the courses will be changed according to local need and those of the oil companies".
http://en.aswataliraq.info/(S(kap54d45mbtzwb55cmcf3x2v))/Default1.aspx?page=article_page&id=146925&l=1

Hundreds of young people protested in front of the gate of the US company (shell), demanding employment Date: Tuesday, 14-02-2012

a number of young people in a demonstration in front of the gate of the US company (shell), demanding employment in the company 

Monday, February 13, 2012

Vietnam, US increase trade ties


The agreement was reached during a working session in Washington DC on February 9 (local time) between US Secretary of Commerce John Bryson and Vietnamese Deputy Prime Minister Vu Van Ninh, who is currently on a visit to the US. 
http://english.vietnamnet.vn/en/politics/18687/vietnam--us-increase-trade-ties.html

Deputy Prime Minister urges US to remove remaining trade barriers


He stressed the need for the US to remove trade barriers imposed on key Vietnamese exports such as "tra" and "basa" fish, shrimp, honey and wind turbine towers The Vietnamese delegation also sugg ested the US continue helping Viet Nam deal with remaining war issues, especially projects to clean-up the environment and support Agent Orange victims.
http://english.vietnamnet.vn/en/politics/18733/deputy-prime-minister-urges-us-to-remove-remaining-trade-barriers.html

Sunday, February 12, 2012

Delegation representing companies from South Korea to visit Anbar for the work in the field crutch gas

b_250_188_16777215_0___images_idoblog_upload_67_12-2-1.jpg
"the delegation of Korean companies met the governor of Anbar Fahdawi Qasim was in the meeting in the course of research work in the field of gas, whose crutch invested a South Korean company."
http://translate.google.com/translate?hl=en&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://www.alforatnews.com/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D6508:2012-02-12-15-50-13%26catid%3D37:2011-04-08-17-25-57%26Itemid%3D57

* New bill to allow 30,000 drones to fill American skies by 2020

I Found this interesting thought I'd post... There are serious policy questions on the horizon about privacy and surveillance, by both government agencies and commercial entities.”
The US Congress has passed a bill which approves government’s deployment of up to 30,000 spy drones in the country’s airspace by 2020, raising serious concerns about the ensuing privacy infringement.

THE BILL
(Super Congress and now this)

ISX - Market Summary Latest Update 12/02/2012



Market Summary
Main Index
124.67
Change
0.04
Change %
0.03%
Value Traded
2,544,973,076
Shares Traded
1,476,610,291
Trades
764
Symbols Traded
47
Symbols Up
17
Symbols Down
21

Friday, February 10, 2012

Kirkuk, Immediate Implementation of the Project Connects to the Internet from Europe, the Gulf States ...


The Ministry of Communications signed a contract in partnership with one of the telecommunications companies and Internet local to start the implementation of the first mega-project linking the Internet in Europe
http://goingglobaleastmeetswest.blogspot.com/2012/02/kirkuk-immediate-implementation-of.html

Wednesday, February 8, 2012

S. Korea should supply Iraq with military planes - Maliki

During his meeting with South Korean State Minister for Military Industries Nu D Lee, Maliki called for activation of all contracts signed with the Korean side, in addition to supporting projects agreed upon.
http://en.aswataliraq.info/%28S%28lhunqgeisgfgkrjrhzce2onu%29%29/Default1.aspx?page=article_page&id=146838&l=1

General Company for Cars intends to contract with Hyundai

Iraq's state-owned General Company for Cars has announced on Wednesday its intention to sign acontract with the South-Korean Hyundai Company to construct a complete manufacturing line within 3 years for the production of Korean Hyundai cars in Iraq.
had concluded partnership contracts with several specialized International companies for the manufacture and production of trucks in all sizes, such as the German Mercedes, the French Renault and the Swedish Scania and Volvo, along with the Iranian and Chinese companies for the production of saloon cars; the Company is presently negotiating with the Proton, Kia and Hyundai Companies".
http://en.aswataliraq.info/%28S%28lhunqgeisgfgkrjrhzce2onu%29%29/Default1.aspx?page=article_page&id=146834&l=1

Issawi confirmed the importance of encouraging international companies to invest in Iraq

Increase
"al-Issawi received Mayank Malik, Regional Director for the group's World Banking {Citibank} have been talking about mechanisms to encourage international companies to invest in Iraq and what can be offered from facilities in this regard
http://www.alforatnews.com/index.php?option=com_content&view=article&id=6200:2012-02-08-09-20-51&catid=37:2011-04-08-17-25-57&Itemid=57

Foreign Relations urges the British airline to open direct transport route between Baghdad and London

Increase
"there are many Iraqis who travel to Britain for the purposes of study and training, trade and the United Kingdom to provide maximum facilities to translate good intentions in the development of bilateral relations
http://www.alforatnews.com/index.php?option=com_content&view=article&id=6187:2012-02-08-08-05-57&catid=37:2011-04-08-17-25-57&Itemid=57

ISX - Market Summary Latest Update 8/2/2012

Monday, February 6, 2012

* Maliki calls for Canadian companies to increase their presence in Iraq

Prime Minister Nuri al-Maliki, on Monday, Iraq’s desire and determination to develop relations with Canada in all fields.
He also called on Canadian companies to increase their presence in Iraq, and take advantage of the expertise and competencies Iraqi resident in Canada to work in Iraq, praising the Canadian positions in support of Iraq, particularly its embrace of the large Iraqi community in Canada
Canada is looking to re-open its embassy in Baghdad as soon as possible, and that companies and businessmen Canadians are willing to come in Iraq
http://theiraqidinar.com/2012/02/06/maliki-calls-for-canadian-companies-to-increase-their-presence-in-iraq/

Moody’s Says Australia, N.Z. Banks Most Exposed to Europe Crisis

VietFinanceNews.com - Banks in Australia, New Zealand, South Korea and Vietnam are among the “most exposed” in the Asia-Pacific region to a sudden worsening of Europe’s sovereign debt crisis, Moody’s Investors Service said.
http://www.vietfinancenews.com/2012/02/moodys-says-australia-nz-banks-most.html

Iraqis able to be model for democracy

Thursday, February 2, 2012

AUDIO CHAT -- SCOOTER-HIGHLANDER-ENOCH8-PROTEUS-BIW

I recommend you all take the time to listen to this audio really good info...Oz
 HI FOLKS,
This is a great chat about the IQD, hosted by ReValue.com -- This is the first 1:48:00 of a very long call.  I hope you enjoy.
Best regards,
Scooter
http://emerginggeos.blogspot.com/2012/02/audio-chat-scooter-highlander-enoch8.html

Deleting the zeros from dinar is a bold step – would raise exchange rate; It’s impact will be greater if placed within an economic plan

Abtan said in a statement to the Euphrates News Agency {} that "the central bank steps to remove the zeros of the Iraqi dinar, a bold and would raise the exchange value of the dinar against the U.S. dollar."

Read more:http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://www.sotaliraq.com/business.php%3Fid%3D5512&usg=ALkJrhi4IH673gOIcUIO3PiNdCeunwUeXA#ixzz1lEf3Rt3A

Education Ministry establishes electronic schools in Baghdad

"The Ministry supplied the schools in Baghdad and the provinces with (50,000) modern computers, (5000) canon type printers, (500) scanners in addition to advanced computer programs."
http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=3409:education-ministry-establishes-electronic-schools-in-baghdad&catid=39:genral-news&Itemid=48

Market Summary - Latest Update 02/02/2012



Market Summary
Main Index
123.67
Change
1.12
Change %
0.91%
Value Traded
1,921,719,425
Shares Traded
1,106,371,361
Trades
697
Symbols Traded
46
Symbols Up
29
Symbols Down
6

Wednesday, February 1, 2012

Iraq was progressing slowly towards electronic financial transactions

Bank
The Director of the electronic systems in the Ministry of Finance Najwa Said told the Kurdish news agency (Rn) that "in 2011 has seen clear progress in financial transactions and electronic," noting that "the proportion of electronic financial transactions of 65%, which is good."
http://translate.google.com/translate?act=url&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://www.aknews.com/ar/aknews/2/287622/

48 Hours ~ U.S. pressure to resolve the crisis .. And a meeting of the three presidencies in (48) hours


The United States began to exert pressure on all political blocs !
http://goingglobaleastmeetswest.blogspot.com/

Investment Law ~ The investment environment in need of a special bank for companies ...


to the importance of establishing an investment bank takes it upon himself to support the the investment process, following the provision of capital appropriate for the bank, and must have a legal regulation helps to streamline the delivery of services required by the size of the work adopted, according to the best banking systems of the world
http://goingglobaleastmeetswest.blogspot.com/2012/01/investment-law-investment-environment.html