Friday, May 30, 2008

Temporary Forum

We have put up a temp forum:

http://investorsiraq.freeforums.org/

Please do not spam it with other sites.

We are still working on getting the main site up.

Thanks for you continued patience and support!

IIF Update

We are sorry but the attack is now on Forumplex. We are working on a solution and will keep in touch with you via this blog. We have placed this blog into moderation because it was getting spammed.

Again we apologize for the inconveniences and we are working on getting things fixed as soon as possible.

Thursday, May 29, 2008

Backup Forum In Place

We have been able to setup a temporary forum at Forumplex. We will be working on getting a few forums up. If you have problems with your password, please email us at

investors.iraq@gmail.com

http://www.forumplex.com/traditional_index.php

We are working on getting IIF back in order. Might take another day.

Attorney Mazhar Hakim calls for his resignation, Minister of Electricity

29/05/2008

Asked the independent MP (Mazhar Hakim), Minister of Electricity to submit his immediate resignation due to lack of efficiency in leading the ministry added (Hakim) during an open meeting attended by the media in building the holy province of Karbala this morning that in the case did not respond, Minister of Electricity to this e advocacy For the Iraqi Chamber of Deputies Effective action against him for his sacking. "

He said the Iraqi Independent Member of Parliament (Mazhar Hussain al-Hakim) that "many promises had been fired by Minister of Electricity to improve electric power, but proved utter failure in this." He called (Hakim) Professor of Iraqi Prime Minister (Nouri al-Maliki) to add $ (5) billion dollars last added to the state budget in 2008 for the electricity sector in order to improve the service of the Iraqi citizen "

For his part, governor of Karbala (Aqeel Khaz'al) that "the local government in the province will resort to the masses in order to pressure the Ministry of Electricity to meet the demands maintaining indicating that the maintenance had given notice for a month to the Ministry of Electricity and after every incident will be" as he put it. "

Attended the meeting held today in the governorate building in Karbala provincial council members and two members of parliament from the Iraqi city of Karbala Mazhar Hakim, Hashim Al-Khatib

The witness province of Karbala since the holy month of continuous disruption of the current electric rate cut until the programmer to nine hours versus one hour gives the citizen Alkrblaney of electricity and in the form of intermittent.

The governor of Karbala, Dr. (Aqeel Khaz'al) had said in advance the time that "the issue of power outages on the governorate of Karbala return for several reasons that the first city of Karbala at the rear of the national distribution network to reach the quota of electric On the other hand it is one of the few provinces that lack stations Obstetric making it to be affiliated to the rest of the directions and Temperaments obstetric stations, which often lack the element of objectivity and fairness in the distribution of quotas but found that regionalism is a tendency among supervisors control over the distribution of electrical energy, causing injustice and unjust attacks on the holy city, especially since there is some The arrogance of officials of the Ministry of Electricity to deal with such facts known. "

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Bambaboo

Vice Chairman of the Committee on the oil and gas likely rejection by the parliament on the Law of oil during the current legislative



Vice Chairman of the Committee on the oil and gas likely rejection by the parliament on the Law of oil during the current legislative

28/05/2008

Baghdad (Voices of Iraq) -- Favored Vice Chairman of the Committee on the oil and gas in the House of Representatives, Tuesday, the inability of the parliament's ratification of the oil and gas in the current legislative Rada to a lack of political forces to reach agreement on the draft law. He explained Abdul Hadi ABOLHASSANI of the Independent News Agency (Voices of Iraq) "non-political forces to reach agreement on the law of oil and expand into the differences between the forces maintained by each team in his opinion the reasons I think it would be converted from the inability of the Parliament's ratification of the oil and gas in the current legislative" .

He added: "The version to be adopted by the law is still in the cabinet discussions are spawning grounds almost continuously by the Government has yet to reach the House of Representatives for the purpose of reading by the rules of procedure and then vote for the law."

He noted "the strong political differences on the law removed the list, especially with regard to oil contracts concluded by the Kurdistan region with foreign companies." The Kurdistan Regional Government last year concluded a five Ashrakda oil with foreign companies, which granted substantial concessions to companies contracting with tax exemptions, the federal government considered it a concession to those big companies, what the effects of political crisis between the territorial Government and the central government in Baghdad, which is decided by the Ministry of Oil deny all Of those companies signed contracts to invest in other parts of Iraq.

He continued ABOLHASSANI "is still prospecting methods and mechanisms for the disposition of oil resources in dispute between the political forces" and called "Kurdistan Regional Government to review the contracts concluded as soon as possible and consistent with the interests of the state." The delayed approval of the House bill Iraqi oil and gas, which was approved by the Government of Nouri al-Maliki and forwarded to the parliament in July last year, due to strong opposition of several parliamentary and political influence of the law. She says that opposition forces, the draft gives the "privileges" unprecedented for foreign investors to establish enterprises, oil refineries and invested for periods of up to (50) years, and he devotes controlled territories on wealth owned both the Iraqi people.

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This was from yesterday but I don't recall it being posted. Sorry if it has..

Bambaboo

Iraqi Deputy Prime Minister: renewed will to complete the petroleum law

Iraqi Deputy Prime Minister: renewed will to complete the petroleum law

Barham Saleh said Iraqi Deputy Prime Minister on Thursday that there is political will to complete the new oil law the long-awaited, which was designed to open the door to global investments in the Iraqi oil sector.

The apparatus investments vital to the development of oil resources of Iraq because of repeated disruptions of the law. The Council of Ministers in February in February 2007 on the draft law being discussed. Saleh said that there is now a new political will to complete the discussion of legislation.

Saleh said in a speech to a conference in Stockholm that the proposed law sets a framework for investment. He added that despite the need for this legislation but this can not be because the calf that Iraq needs time to resolve contentious issues by consensus.

Even without the law in Iraq began attracting major international oil companies and production of oil began to rise. The official said prominent Iraqi oil earlier this month that Iraq is on his way to increase shipments to pre-war levels, over two million barrels per day.

Saleh said that even the law is approved Iraq must work harder to continue increasing production and exports and the negotiation of various forms of cooperation with partners.

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Bambaboo
Talabani reveals unexpected visit to Iraq Arodgan is talking about Iranian interference "exaggerated"

BAGHDAD - Iraq votes 29 / 05 / 2008 at 19:53:58 A President Jalal Talabani, Thursday, the unexpected visit by a Turkish prime minister to Iraq, referring to the approval of Ankara to finance D, two-gas and oil and increasing the share of water. He said that there is "exaggerated" in talking about Iranian interference in Iraq.

He said Talabani, during a meeting held in Baghdad today (Thursday) with the chief editors of a number of media organizations attended (Voices of Iraq), said that Turkish Prime Minister Recep Tayyip Erdogan "will visit Iraq soon," without setting a date for the visit. He added, "it was forming a committee headed by the Prime Ministers of both countries, branch by other committees, to develop trade exchange between Iraq and Turkey increased to five billion dollars, an increase (20%) from the current rate."

He visited Talabani (Ankara), in the first week of March last, the first Iraqi President Visits Turkey. The mission held discussions with his counterpart Abdullah Gul and Prime Minister Erdogan, said that Iraq hopes to establish "strategic relations and robust" with Turkey.

The Iraqi president's visit came a week after the expiration of a large-scale offensive carried out by the Turkish army rules l (PKK) in northern Iraq to hunt down elements of the party, which prohibits (Ankara) and considers it his (party terrorists), says that the raids targeting civilians within their borders and the security forces . The Taliban, during a meeting with chief editors of the Iraqi media today, that Turkey had agreed to "finance the D line, one to transport gas and other oil between the two countries and also agreed to raise the quantity of electricity, which supplies out of Iraq, increasing its share of water."

The Minister of Water Resources, the Iraqi Abdul Latif Jamal Rashid visited Turkey last week, to discuss the subject of severe scarcity of water in rivers (Tigris) and (Euphrates) suffered by Iraq in the last period due to lack of rainfall in the river basin and low water contained them. A statement by the Ministry that the minister had carried a letter from Iraqi Prime Minister Nuri al-Maliki to his Turkish counterpart on "the current water situation in the country, and the severe scarcity and limited levels in reservoirs", which the statement indicated that "requires increased releases of water from Turkey (River Euphrates) and could release him from the discharge of water enhances the situation in the (Tigris) to face the current drought season. " With regard to relations with the Republic of Iran, Talabani said "there is an exaggeration to talk about Iranian interference in Iraqi affairs," adding that Iraqi Vice President Adel Abdul Mahdi, "is in Tehran, playing there is a positive talks" on topics of interest to both countries. Accuses Iraqi political forces and Arab states Iran of interfering in Iraqi affairs. The United States says that Tehran "fuel violence" through the submission of arms and training to ensure anti-government militias in Iraq. Which Iran has repeatedly denied this, saying that "American occupation" was the cause of violence.

The President of the Republic of the draft law of oil and gas, and said that the project "approved in final form in the cabinet, but the state council is in the revision, and will change" in its clauses, without revealing the nature of those changes. He added: "There is controversy with regard to oil, you believe a monopoly company for exporting Iraqi oil, or open to other companies from the private sector ..?.

" The bill (oil and gas) and one law controversial among Iraqi political forces, which opens the door for foreign companies to invest in the oil sector, allowing foreign participation in practical production and export.

Turning Talabani to talk about (Iraqi Convention - America) long-term, which he said has become the place of widespread controversy in the political arena in recent weeks, and said "the Convention has not yet completed and crystallized so far." The "Government consulted the collection of groups, both inside and outside the country, before they sign it. And the ultimate reference in the signing of the Convention is the National Security Council." And signed by Prime Minister Nouri al-Maliki and President George W. Bush, on (26) of November last (2007), the principles of an agreement between Iraq and the United States, sets the basis for cooperation between the two countries in the areas of security, economy and politics. The governments of Baghdad and Washington, then, that the agreement would form the basis for negotiation on the "Convention on long-term" governing the relationship between the two countries and lay the foundations for the organization of U.S. military presence in Iraq over the long term, be the legal alternative to Security Council resolution on the mandate given to the forces of the multinational US-led Nations in Iraq. A number of influential Iraqi political forces opposed to the Convention, she will address them in every way, terming were missing from Iraq's sovereignty and independent decision, and give freedom to the American forces on its territory and granted "military bases" permanent. In response to statements made by Secretary General of the (Hezbollah) Lebanese Hassan Nasrallah, (Monday) the past, in which he expressed his support for "the Iraqi resistance to U.S. occupation," Talabani said "no right to interfere Nasrallah Iraqi affairs." Regarding the trend chest, and the current crisis between him and al-Maliki government, said President of the Republic "should be allowed to al-Sadr's trend to participate in the elections" next provincial assemblies and special districts and cities, to be held in the first of October next. But Talabani went on to say "it is not our hands, because there is an international committee that determines the nature of the entities that participate in the elections," in reference to a representative of the United Nations in Iraq, which will oversee the conduct of elections. And the controversy over the issue of dispute between the city of Kirkuk, political forces, the President said "I prefer to solve the Kirkuk issue of dialogue between the components of the city of Kirkuk, an Iraqi reach a better solution than to impose a solution from outside it." The dispute arose between the political forces around the oil-rich city of Kirkuk. A (Article 140) of the Iraqi constitution solution in three stages: the normalization, and then conduct a census of the population, followed by a referendum on the fate of the city, including among its population of Kurds, Arabs and Turkmens, to determine whether the governor will join the Kurdistan region, which wants the Kurds. It was supposed to accomplish those stages during a period of up to the end of last year (2007), but the deadline was extended for another six months, at the request of the United Nations and approved by the Kurds. He promised President Jalal Talabani journalists at the end of their meeting today, to be meeting with them "a month" to discuss all issues on the scene.

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Bambaboo

Saudi Arabia says may examine topple Iraq's debts

Saudi Arabia says may examine topple Iraq's debts

May 29, 2008

Stockholm (Reuters) - The Saudi official during a meeting in a high-Sweden on Thursday that Saudi Arabia is ready to discuss dropping the debt owed to them on Iraq.

The head of Iraq and the United Nations conference to review the approved plan for Iraq in a meeting hosted by Egypt a year ago.

Prior to that conference was held in May in May 2007 Saudi officials said it was ready to cancel 80 percent of the debt owed to them on Iraq.

So far has been nothing of that pledge but Nizar Madani, Saudi Minister of State for Foreign Affairs informed the diplomats gathered in Stockholm that the Saudi government might be willing to exempt Iraq from its debts in full.

Madani said "are aware that the debt is a burden on the economies of countries in light of the circumstances faced by Iraq, we are ready to discuss Iraqi debt forgiveness.

""In this regard we have all the information available to the Iraqi side and we expect that the Iraqi authorities responsible find an appropriate solution for this issue."

http://translate.google.com/translate?u=http%3A%2F%2Fara.reuters.com%2F&hl=en&ie=UTF8&sl=ar&tl=en

Bambaboo

Rice commended the economic performance of the Maliki government considers that it has succeeded in "investment riches of Iraq"

Rice commended the economic performance of the Maliki government considers that it has succeeded in "investment riches of Iraq"

BAGHDAD - Iraq votes 29 / 05 / 2008 at 16:43:07 She commended the American Secretary of State Condoleezza Rice, Thursday, the economic performance of the Government of Nouri al-Maliki, saying that she succeeded in exploiting Iraq's resources for the development of the country. She pointed out that economic reform would create "significant progress" to the Iraqis. Rice said in her speech before the opening session of the Second Conference on the (International Covenant with Iraq), Thursday, the Swedish capital (Stockholm), "The most difficult aspect of the matter (is) method investment riches of Iraq and its economy for the development of the country, especially in the economic sphere. Therefore, economic reforms in Iraq would create significant progress with the Iraqis. " She added: "I would like to congratulate the Iraqi government on the great strides achieved in the legislative area, which showed that Iraq is capable of overcoming sectarian differences, in addition to laws that recently embarked on the elections." And the (International Covenant with Iraq), in which some (90) State as well as the United Nations and a number of regional and international organizations, will review the annual follow-up report prepared by the Iraqi government with United Nations assistance, since the (International Covenant) in the first resort ( Sharm el-Sheikh) Egypt, during May of last year.

The report provides a comprehensive assessment of the progress made by the Iraqi government over the past year, in the areas of security, political and national reconciliation, and economic and social reforms and development, and how to deal with future challenges. Rice praised the economic aspects in Iraq, said "for the hand of economic support from international politics, has shown by the increasing oil exports to the world. This serves first and foremost the needs of Iraqi citizens, and will provide greater opportunities for Iraqis." She added, "in terms of banking transactions, the Government had great equipment of the Iraqi economy. But we must also launch basic services, in terms of health, education, and this is the responsibility of the Iraqi organizations."

The American Secretary of State that the World Bank has "a great role in supporting the Iraqi economy in this conference, with representatives attending the conference." Rice stressed the importance of "financial management of Iraqi society, by stimulating the private sector in economic terms." The minister said that "the issue of transparency in Iraqi politics has reflected many positive aspects, reflecting on the economic aspects." She noted that technical and financial assistance from the World Bank "in Iraq would be economic leaps," pointing out that the bank "will be committed with Iraq in terms of economic development, and will continue to support Iraq's basic steps to provide employment opportunities, and will also embrace the best way of Investment for natural resources and activating the economic process. " Rice stressed that the World Bank "will remain committed to steps taken by decision-makers in Iraq, based on the decisions of this conference." She concluded by the American Secretary of State, she expressed hope "that we are working with the Iraqi government, and also the donor countries, in order to reach a better job."

The Iraqi Prime Minister Nuri al-Maliki declared, before attending the conference today, that Iraq had succeeded in meeting many of the undertakings contained in the (International Covenant document) of the first conference, last year. He said al-Maliki, in his speech during the opening session of the Conference, that "the improvement in security conditions and political progress and success of national reconciliation and establishment of further legislation and laws that serve the Iraqi people, this is the most important indicators of success." The Prime Minister added that Iraq "has achieved many successes and accomplishments in the political, security and economic interests."

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Bambaboo

The flames of food prices spark inflation rates in Iraq

5-29-08

The flames of food prices spark inflation rates in Iraq

BAGHDAD: Iraqi Central Bank announced that the reason for the high inflation rates in Iraq last April due to the sudden rise in food prices globally, which hiked standard concurrent with the arrival of a barrel of oil above $ 135.

A statement by the Central Bank of rising inflation rate amounted to 16% over the year, compared with 11% last January.

He noted the Central Bank in his newspaper reported "life" of London that parts of it to foodstuffs constitute component in President inflation index basis, and more than two thirds of the seven components of the index of consumer price basis, adopted by the Central Bank as an indicator of inflation.

He added that despite the approaching Index annual inflation rate of interest of 17% at present, one point ahead, but the Central Bank of Iraq "will remain part of the prevailing interest rate, without lifting, using its own means of monetary policy enough to absorb external shock price Foodstuff against the Iraqi economy. "

The rise in the inflation index in Iraq coupled with the increase in the salaries of state employees as of next June to improve their living conditions.

The Iraqi Parliament approved the largest budget in state history, which amounts to twice what it was during the era of the late President Saddam Hussein, which were estimated at about 48 billion dollars, an increase of 18% compared to the budget in 2007, but many experts have confirmed that they had not Enough to move the crippling of the economy, and warned that the number of beggars and the unemployed.

And allocated the lion's share of the budget that benefited from the height standard for oil prices to the security sector, which received 8.85 billion versus 7.5 billion last year and then the education sector, which received 4.13 billion and then the health sector budget estimated at 1.92 billion dollars and electricity at about 1.4 billion aimed at improving infrastructure In a country suffering from power outages.

On a related International Monetary Fund expected to witness the Iraqi economy has grown considerably after the low levels recorded last year, driven primarily unexpected increase in oil production and improved security conditions.

The IMF expects a great leap in GDP growth to exceed the Iraqi barrier of 7% and possibly more in 2008 and 2009 compared with only 1.3% in 2007 from his Bahtdam sectarian violence that threatened the country's outbreak of civil war.

The recent economic study revealed that the cost of reconstructing Iraq in 2010 to reach about 187 billion dollars, and study estimated the value of domestic financing could be 42%, which means that the share of foreign investment, loans and grants is 58%.

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Bambaboo

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President al-Assad Reiterates Syria's Keenness on Stability and Security in Iraq (from Beverley)

President al-Assad Reiterates Syria's Keenness on Stability and Security in Iraq
Damascus, 29 May 2008 (SANA)
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President Bashar al-Assad reiterated Syria's keenness on the stability and security in Iraq and its support to the integrity of Iraqi people and lands.

Talks between al-Assad and Speaker of the Iraqi Parliament and the Arab Parliamentary Union Dr. Mohammad al-Mashhadani on Tuesday dealt with boosting bilateral and parliamentary relations between the two brotherly countries, and the importance of further activating the Arab Parliamentary Union to support Arab causes.

Talks also dealt with the situation of displaced Iraqis in Syria and the Syrian efforts to relieve their suffering, and the need for the parties concerned to support them in order to improve their situation and reduce burdens on host countries.

The meeting was attended by Speaker of the Syrian People's Assembly Dr. Mahmoud al-Abrash.

Opposition to Article 140 grows (from gottadash)

Opposition to Article 140 grows
The October provincial council elections, which are becoming more of a hot-button issue every day, must be delayed, says the Kurdistan Coalition List.

According to the Iraqi Constitution, Kurdistan Parliament has the authority to decide how to hold provincial council elections in the region.

Meanwhile, Iraqi Parliament is seriously discussing the passage of a provincial council law on which different political parties are disputing how to hold the October elections.

"According to the Iraqi Constitution, any federal region can have its own law, and this includes Kurdistan Region; thus, it is possible not to hold provincial council elections in the region" at the same time it is being held in other Iraqi provinces, said Dr. Sa'di Barzinji, a member of Iraqi Parliament, about the Kurdistan Coalition List.

http://www.iraqupdates.com/p_articles.php/article/31715

Sunnis suspend talks with Iraqi government (from Beverley)

Sunnis suspend talks with Iraqi government
Iraq National Accordance Front says government's response was not in line with its demands.
Baghdad, 29 May 2008 (Middle East Online)
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Iraq's largest Sunni Arab political bloc has suspended talks on ending its boycott of the Shiite-led government due to a dispute over which positions it would assume, the head of the bloc said Wednesday.

The decision was a setback to Prime Minster Nouri al-Maliki's efforts to bring the Sunnis back into the political fold to shore up recent military gains.

"The talks yielded nothing and the government's response was not in line with our demands so we have decided to suspend them," said Adnan al-Dulaimi, who leads the Sunni National Accordance Front, which holds 44 of 275 parliamentary seats.

The bloc, which comprises three parties, pulled its members out of the 39-member Cabinet in August, saying they were not getting enough say in decision-making.

The prime minister, himself a Shiite, expressed optimism on April 25, saying he expected to be ready to present a new Cabinet list "within a few days."

But Sunni officials said a deal was held up by internal disagreements over who should hold which posts.

Al-Dulaimi complained Wednesday that al-Maliki had refused to let his bloc keep the leadership of the Planning Ministry and offered the Communications Ministry instead.

Iraq's Planning Ministry is considered a key portfolio because it conducts research and studies and implements economic and human development projects in Iraq in cooperation with governmental and non-governmental parties.

It also is of symbolic importance to the Accordance Front because it is currently led by a former member of the bloc who was expelled after he broke ranks over the boycott.

"The Communications Ministry has no value in contrary to the planning one," al-Dulaimi told The Associated Press in a telephone interview. "We need at least one key portfolio or two service ministries."

The dispute flared as al-Maliki flew to Stockholm, Sweden, for a UN conference aimed at reviewing political and security progress in Iraq.

The prime minister is likely to face renewed pressure at the gathering, which begins Thursday.

When the Accordance Front withdrew from the government, they had five Cabinet posts, plus the vice premiership. But soon afterward, one of the Accordance figures, Ali Baban, agreed to return to his post as planning minister. He was consequently thrown out of the Front as punishment for defying the group's decision to quit.

The only other Sunni in the Cabinet, Defense Minister Abdul-Qader al-Obeidi, is an independent who remained in his post throughout.

Iraq's Sadr vows campaign against US troop pact - (from Beverley)

Iraq's Sadr vows campaign against US troop pact
Sadr calls for government to abandon deal that will extend US troop presence in Iraq beyond 2008.
Baghdad, 29 May 2008 (Middle East Online)
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Source: Middle East Online
Sadr: US presence 'against Iraqi national interests'

Iraqi anti-American Shiite cleric Moqtada al-Sadr has called for a protest campaign to force Baghdad to abandon a proposed deal that will extend the US troop presence in Iraq beyond 2008.

Sadr said the proposed Status of Forces Agreement aimed at giving a legal basis to US troops after the December 31 expiry of a UN mandate defining their current status, was "against Iraqi national interests".

"After every Friday prayers, everyone must protest and demonstrate until the agreement is cancelled," he said in a statement on Wednesday.

He said his powerful movement planned to send delegations to neighbouring countries and to the West and to international bodies such as the United Nations, the Arab League and the European Ubnion to explain its position.

He said the Iraqi government should consult the people before entering into any deal with Washington.

US President George W. Bush and Iraqi Prime Minister Nuri al-Maliki signed a non-binding statement of principles in November for the negotiations, which began in March with the aim of concluding a pact by the end of July.

There are currently about 150,000 US troops deployed in Iraq, which was invaded by US-led forces in March 2003.

The proposed pact has come under fire from other religious and political leaders both in Iraq and in neighbouring Iran.

Fighters from Sadr's Mahdi army militia fought deadly street battles with US forces in the Shiite slum bastion of Sadr City in Baghdad for seven weeks until a May 10 truce deal took effect.

Iraq's national security council on Monday asked Maliki to ensure that the pact will not harm the national interest.

Wednesday, May 28, 2008

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