Congress voted on a financial budget for the current year within the budget

Urgent .. Vote on the budget of the House of Representatives for 2012
Thursday, February 23, 2012 15:58
[Baghdad – where]

Congress voted on a financial budget for the current year within the budget bill in 2012.

According to a parliamentary source told all of Iraq [where] said Thursday that “members of the House of Representatives voted to approve the financial budget allocated to the Parliament for the current year and included in the budget bill for fiscal 2012.”

The House of Representatives held its regular day and voting on the budget bill for fiscal 2012. Ended 2.

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Deputy for Law: 2012 budget included the expenses of the Peshmerga exchange agreement between Barzani and Maliki

23/02/2012 PM – 5:15 PM | Hits: 140

Vice detection for a coalition of state law that the budget bill for fiscal year 2012 to ensure that pay for guards province Christan agreement between the Peshmerga Kurdish regional president Massoud Barzani and Prime Minister Nuri al-Maliki.

The MP said Adel al-Maliki told all of Iraq [where] said Thursday that “the draft budget law 2012 included several paragraphs of which be the salaries and expenses of the Kurdish Peshmerga forces agreement between Barzani and Maliki and to be repaid after finding legal mechanisms agreed to by both sides, for these expenses.”

“The budget also included a requirement to include 23 agreed upon by all parliamentary committees Btbooib the demands of the political blocs and included within the budget as draft laws and be dam Agr financial balance of the current oil imports.”

He also said, “With regard to pensions, it was agreed to the inclusion of the proposed law in the budget for this year to pay an advance cut of [600] thousand dinars if he receives a salary less than [400] thousand dinars per month to continue the payment of such advance until the completion of the enactment of the salary scale in state, “adding that” the demands of the Sadrist movement has been agreed that the calculated [20]% of oil imports paid to the Iraqi people after the agreement on the mechanism regulating this process to be placed within a period of six months from the date of approval of the financial budget. ”

He noted that the “social benefits for the three presidencies were included in the budget, amounting to six billion dinars, but there is a paragraph followed directly in the bill that the House of Representatives entitled to vote on the cancellation and transfer them to the salaries of social protection network.”

And the MP from the state law that “there are two options struck down in the mechanism of voting on the draft budget, I will either vote in Parliament at all what is stated in the budget bill, the financial basket or one vote on each proposal or clause in the law, but according to my perception that the general desire of most members of the House of Representatives is to vote on each proposal contained in the budget separately any paragraph by paragraph. ”

And now the House of Representatives held its regular voting on the budget bill for fiscal year 2012 after it completed the discussion of its articles.

The Finance Committee of the Parliament at its meeting last week confirmed its demanding changes to the budget bill and make transfers in other aspects with a focus on some aspects of which has not been resolved until now, especially with regard to increase the salaries of retirees and expansion in degrees career for a number of ministries as well as interest in network protection social as well as a number of important issues.

It is said that the government had approved in early last December’s 2011 budget in 2012 a total amount of [100] billion dollars, which is the largest budget in the history of Iraq and handed over to the House of Representatives for approval is that the council because of Alkhlaqat between the political blocs has not ratified it so far, led to the suspension of exchange in many projects and provinces complained of the delay.
http://www.burathanews.com/news_article_149361.html

Majnoun oil field to reach 1.8 b/d in six years – official

2/8/2012 8:20 PM 

BASRA / Aswat al-Iraq: Production in Majnoun oil field will reach during the coming six years to 1,8 million b/d., according to deputy director of Southern Oil Company.

Faisal Khalaf  pointed out that the work in Majnoun oil field began two years ago, following the second oil bids.

It is expected that the first commercial production will be achieved next year with a production of 175,000 b/d, to be increased gradually during the coming six years to 1,8 million b/d.

He added that about 1000 work opportunities were provided by the project, which is expected to be increased in the coming years.

RM (TP)/SR

 

World Bank calls for Iraq to activate single-window system to promote investment in the country 08/02/2012 12:44

Baghdad, February 8 (Rn) – The World Bank, the Iraqi government to activate the single window system and the formation of a committee of senior staff to facilitate the entry of foreign companies in order to promote investment in the country. 

The expert at the World Bank Majid picture, told the Kurdish news agency (Rn) announced today that “the Iraqi government request to activate a single window that is enshrined in the investment law, and the formation of a higher committee will be for its members the ability to make decisions, that includes the ministries, and investment authorities in the provincial councils,” . 

And watching the World Bank process development and investment in the country by a team of experts headed by Iraq’s economic Majid picture. 

He added that “most of the obstacles facing investment projects, the lack of attractive investment climates, including the fragility of the security situation and infrastructure, and the inability of legislation on the application and the loss of the investment climate in the country.” 

He explained that the picture of “Prime Minister Nuri al-Maliki’s demands to form a single window, and start working to implement investment projects in the budget in 2012.” 

The Commission announced the economy and investment representative, earlier, support for the government directions aimed at an amendment to the Investment Law No. 13 in force for the year 2006, indicating that the problem of land acquisition by the investor is still the problem is more complex. 

And Iraq admitted in 2006, Law No. 13 for investment to encourage foreign companies to enter the country and to contribute with the government’s efforts to rebuild crumbling infrastructure due to war and siege. 

And the First Amendment, conducted by Iraq to the law in 2009 allowed the foreign investor the right to own land and property belonging to the state allowance determined in accordance with special regulations, and has also the right to own land and property belonging to the mixed and private sectors for the purpose of the establishment of housing projects. 

From: Jafar Allonan, RN and fulfillment Zangana

http://www.aknews.com/ar/aknews/2/288746/

Commerce returns to Iran-Iraq border river

Commercial traffic has resumed on the strategic Shatt al-Arab waterway after a three-decade break with the official opening of a port for oil giant Shell, an Iraqi official said on Tuesday.

Part of the 200-kilometre-long (120 miles) waterway forms a section of the border with Iran.

An unresolved boundary dispute was a major reason for the 1980-1988 war between Iraq and Iran that resulted in the waterway’s closure.

“The Shatt al-Arab is reborn again after being closed for 31 years,” Mehdi Badah Hussein, head of a joint committee to develop Majnoon oil field, told AFP at a ceremony to open the port.

“There are other harbours on the Shatt al-Arab, but commercially, this is the first time Iraq succeeded in turning the Shatt al-Arab into a maritime passage which will help in transporting heavy equipment,” Hussein said.

Dia Khalil, an Iraqi engineer and joint committee member, told AFP the journey up the Shatt al-Arab to the new port is about 80 kilometres (50 miles), and that ships will pay customs fees in Umm Qasr to the south before heading to the new harbour.

A consortium of Anglo-Dutch oil giant Shell and Malaysia’s Petronas signed a contract with Iraq in January 2010 to operate the enormous Majnoon field.

“We believe this is the first jetty harbour to bring in ships that can come from all over the world back off the river with heavy equipment in 31 years,” Shell Majnoon general manager Ole Myklestad told AFP.

“This is very important,” Myklestad said at the ceremony. “I hope that ships leaving this harbour in the future will also be carrying goods.”

Myklestad said the first ship arrived at the harbour on January 5 and clarified that the port would not be used to export oil which is to be carried by pipeline.

“This is a happy day,” said Khalaf Wadi, deputy manager of Iraq’s Southern Oil Co, a partner with Shell and Petronas. “We are officially opening the first commercial jetty in the Shatt al-Arab since the start of the war with Iran.”

The port’s main function will be to facilitate the transportation of equipment to the massive Majnoon oil field.

But ordinance in the field, which was a major battleground during the eight-year war with Iran, poses a danger.

Simon Mawdslag, Shell’s Explosive Remnants of War Coordinator, said “over 4,000 individual items of ordinance” have been located and removed from a roughly eight square kilometre (three square mile) area — the only part cleared so far.

“These items are handed over to the Iraqi armed forces and their explosive ordinance disposal team. They actually do the destruction of the items,” he said.

The Majnoon field was discovered in 1975 by Brazilian firm Petrobras but its work was interrupted in 1980 by the beginning of the Iran-Iraq war, after it had drilled 20 wells.

In 1990, French firm total negotiated a contract for the field but was unable to sign due to international sanctions after Saddam Hussein’s Iraq invaded Kuwait in August of that year.

Oil sales account for the vast majority of Iraqi government income and around two-thirds of gross domestic product.

http://www.iraqdirectory.com/DisplayNews.aspx?id=18302

Iraq’s economy is struggling due to central policy

Date: Monday 02/06/2012 18:31

Citizens – agencies Promising center «Carnegie» International Research report dealt with the economy of Iraq Almtakbt, he considered that «after about ten years to change the Iraqi regime, is still troubled economy of this country». The report pointed out that «so far, has not taken the necessary economic measures to strengthen the political agreements, such as the application of administrative decentralization policies in order to address the negative effects left behind by the economic regime of Saddam Hussein in the provinces, as well as enliven the economy dead in restive areas». The report also pointed out that «for four decades, the Iraqi government has pursued economic policies based on the strategy of exclusive central administration, which led to the impoverishment of the rest areas for the benefit of Baghdad». The «Carnegie» The National Development Plan for the years 2010-2014, indicate that a comprehensive analysis of the reality of the Iraqi economy on the overall level reveals significant disparities between the capital and the rest of the country (schools, health care, unemployment and development). He pointed out that the Baathist regime, deliberately through the nationalization of banks and the wholesale trade to make the transfer of systematic profit trade and investment funds from the provinces to the capital, adding that since Iraq imports most of the non-agricultural products has been able to central government, an inventory of commercial profits in the capital, depriving areas of the source was important to invest can be supplied in the provinces. The report considered that «the current Iraqi government to learn the disparity between the capital and the regions and the need to remove the central economic management», pointing out that it is aware that it must broadcast activity in the economy. He went on to say that «progress has been made primarily to some extent on the paper along with the launch of a free market economy and the abolition of control of the public sector on the economy, the text of the 2005 constitution on the distribution of oil revenues, which constitute 96% of government revenue, to the provinces according to population, and the involvement of government in the planning of oil and gas resources in the country and management ». The «Although the Constitution set the terms of reference in policy, but it is still necessary to clarify the mechanism of implementation and management». He went on to say that «the Constitution clearly states the goal of transferring power to a government sub-structures, but operational budgets are currently subject to the control of the central government continues to fund management services is through the ministries concerned». According to «Carnegie», the «negative direction taken by the policy changes reflected in national development plans between the first and second … Where crossed the first national development plan (2005-2007) a large number of development needs and agreed that the central economic poses the problem, promoting the establishment of five centers of development in the areas to determine investment priorities and oversee the implementation of budgets at the provincial level, but the five centers yet to be formed, although Cabinet approval on the plan ». The Second National Plan (2010-2014) shall be allocated, according to the International Institute, additional funds (12.5 billion U.S. dollars) to address the disparities between regions, but they dropped the idea of ​​establishing centers for development and assigned responsibilities to the provincial councils that lack the technical and managerial skills to carry out the tasks of investment . He concluded by saying that «in order to allow each region to deal with their problems in a comprehensive manner, it must set its own priorities of development and their conformity with the investment strategy. Therefore, it is necessary to establish development centers, which provided the first national development plan to be set up in areas ».
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Plans to sabotage the Iraqi economy: Printing of counterfeit currencies in Sadr City and Alaptaoyen 06/02/2012 14:36

Baghdad / Orr News
Baghdad was particularly Sadr City district of Baghdad Alaptaoyen in the sale and exchange of counterfeit currency. He revealed that currency traders in the “Million sold counterfeit dinars of € 350 000 and 10 thousand dollars of $ 4.5 million dinars.”
While the First Deputy Governor of Baghdad and head of the money smuggled Mohammed Al Shammari form a committee to adjust the money smuggled and prohibited currency circulation and include cash and in kind, the central bank reduced the size of the fake money. They noted that “most of who are dealing currency forged using false names and that there are people who have knowledge in regulatory agencies informing them of any case of inspection for Rasha large pay them”, to arguing that “people who take this money trying valued in many ways, including through the purchase of goods or old in order to make it easier to process Tmsheetha citizens. ” They said that the “fraud includes all categories except for small groups to” arguing that “the money to visit in two areas of Baghdad is a city in the chest and Husseiniya houses no one knows its place knowing that the currency exchange places are determined by the phone.”
The strength of economic security arrested late last month dropped a number of the owners of printing presses in Sadoun Street in Baghdad on charges of printing paper currency in cash and government documents and official letters especially fake. Witnesses confirmed hearing the elements of that force you talk about the presence of other names to the owners of presses required to arrest the accused themselves.
For his part, the appearance of the central bank adviser Mohammed Saleh, “the existence of fake money inside the country,” adding that “the indicators that reach us through the knowledge of the counterfeit currency is within the normal terms do not constitute a danger to the economy because the rate is slim.” He said that “counterfeit currency include all denominations and even foreign funds, including the U.S. dollar.” For his part, first deputy governor of Baghdad, Mohammed Al Shammari “to form a committee the money smuggled under the control of money contraband which was released in 2008 and this Committee were not activated during the past years and is responsible for controlling the money smuggling and money forbidden circulation in the Iraqi market and includes money-kind and cash that are Unlike smuggling customs law among the provinces or outside the border and in-kind funds include sheep, wheels, construction materials and goods and all goods transported illegally, “explaining that” the circulation of money prohibited include counterfeit money and foreign, which has no legal cover. ”
He said Shammari “The committee was formed under the chairmanship of the deputy governor of Baghdad and the membership of the ministries of defense, interior, industry, trade and finance in addition to intelligence,” adding that “the Commission held its first meeting, but we have not received any issue until today so we asked the Cabinet to be to instruct all the departments concerned to raise any issue relating to the money smuggled to the Commission until decisions are made ​​according to the law and in accordance with the tasks assigned to this committee and we are now waiting for the cases filed and there is a mechanism specified by the law set the money smuggled followed by the Commission, “stressing that” the Commission has the power to sell the money smuggled by gaining become final estimated price and sold and distributed within the law where there are 30 percent allocated to the control and informants, and 70 percent go to the public treasury. ”
And on the wheels stolen by fleeing to Kurdistan or cattle being smuggled out of Iraq said Shammari, “it was to instruct the members of the committee representatives of the stakeholders are the Ministries of Finance and Customs and the Interior, Defense and assumes that the money seized and are taking the initial actions where then sent to the Committee.”

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Economic Analyst Ihdhirmn the emergence of the phenomenon of fraud and money laundering coinciding with the implementation of the project to delete the zeros from the currency

On: Tuesday 02/07/2012 14:15

Baghdad (news) .. warned economic analyst cute Abdel Salem Ugaili of the emergence of the phenomenon of fraud and money laundering coinciding with the implementation of the project to delete the three zeroes from the Iraqi currency.
said Ugaili (of the Agency news) said on Tuesday: A lot of people in conflict with the law now awaiting execution project to delete the zeros of the three of the Iraqi currency in order to carry out forgery of the currency of the new Iraqi and processes to money laundering.
and Ocharaly: the high price of the Iraqi dinar depends on the strength of the economy and diversity through diversity revenues the state’s annual and activate all sectors of the economy instead of being economical Rieia unilateral supported on oil, the first place.
He added that the project to delete the zeros of the three of the Iraqi currency does not lead to high Asardinar Iraq and the national economy, but it just reduces the money supply in the market, noting that proper procedure by the central bank to facilitate the trading process and the provision of currency denominated a few.
He explained: that the project would cost the state large sums of money and expensive through the process of printing currency and instruct citizens on how to use and handle than it is to project the impact of a negative or positive on the Iraqi economy.
advised Ugaili: monetary policy to work to raise the price of exchangers of the Iraqi dinar through the restructuring of economic sectors and the diversity of its infrastructure in order to strengthen the national economy and then the currency.
It is noteworthy that the CBI had said earlier that the draft deleted three zeros from the currency exists in spite of the criticism directed at him by the officials and the two economies, and will be implemented after two years of Now. / Finished / 8. d. Q /

Iraq’s oil exports climb to 888,000 bpd

Oil exports from Iraq’s southern Basra terminals climbed to 888,000 barrels per day (bpd) on Saturday after bad weather reduced exports on Friday, a shipping source said.

‘High winds around Basra ports are still preventing ships from docking,’ said the source, who asked not to be named.

Winds cut crude exports to 480,000 bpd on Friday from an average of 1.728 million bpd at the offshore export terminals on Thursday. Exports from Basra, Iraq’s main oil hub, tend to fluctuate because of weather or technical problems.

Fall in Iranian Currency hits Religious Tourism in Iraq

Posted on 08 February 2012. Tags: dinar, Iran, iraqi dinar

The Iranian currency, the toman, or rial, has lost half its value against the Iraqi dinar in recent weeks following U.S. and European sanctions, according to a report from Azzaman.
Iraqi traders welcomed the slump saying it has made the import of Iranian goods much cheaper than before.
In the holy cities of Najaf and Karbala, where demand for the Iranian currency is high, the dramatic depreciation in the Iranian currency was preventing some exchange bureaus from dealing in the toman.
The slump in the toman’s value was a shock and surprise to Iranian pilgrims who flock to Iraq in their tens of thousands every week; suddenly they found that they could not get the dinars they hoped for when exchanging their tomans.
Religious tourism, the backbone of the economies of Iraqi cities like Karbala, Najaf, Baghdad and Samarra, could be negatively affected.