CURRENT ECONOMIC AND POLITICAL NEWS EVENTS: BRINGING OUR WORLD (EAST AND WEST) CLOSER TOGETHER TO FORM A GLOBAL SOCIETY ~ LOOK FOR GLOBAL CURRENCY NEWS AND UPDATES ON GLOBAL AND REGIONAL CURRENCIES: ASIAN, MIDDLE EAST, LATIN AMERICA, EMERGING MARKETS, ALONG WITH THE EURO AND THE U.S. DOLLAR ...
March 8, 2011 To confirm go to the USGS article link at the bottom. Here's an astonishing read.
Important and verifiable information : About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together." Please read below.
The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota, and extreme eastern Montana ..... check THIS out: The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5...3 trillion. "When I first briefed legislators on this, you could practically see their jaws hit the floor.
Iraq is open for business and investors are lining up. Major infrastructure projects are springing up all over Iraq, as the country is recovering from decades of war, sanctions, and domestic unrest. There is a dire need for an array of infrastructure investments – particularly, in the areas of healthcare, housing, power, water, manufacturing, transportation, and telecommunications. Construction projects are being launched throughout Iraq, even in the most remote areas, for which significant foreign investment will be needed. Public entities in Iraq are finding it difficult to provide the large amount of funds and resources needed for these infrastructure projects and, as a result, foreign investors are expected to become important financiers.
But should a prudent foreign investor consider financing such projects? Under the current Iraqi investment law, there are several options available to foreign investors depending on the business needs and activities to be exercised in Iraq. However, the political reality seems to be a major discourager, perhaps only to those who do not perceive risk as opportunity.
Incentivising Foreign Capital
In 2006, Iraq enacted several investment laws at the federal, regional and governorate level in order to stimulate investment and development of infrastructure projects. These laws also aim at encouraging Iraqi and foreign private sectors to invest in Iraq, to create employment opportunities for Iraqis as well as to improve the balance of payments.
Investment Law No. 13 of 2006
Investment Law No. 13 of 2006 (the “Investment Law”) provides investment incentives and establishes the National Investment Commission (“NIC”) with the authority to grant investment licenses for projects determined to be of national and strategic importance. The purpose of the NIC is to serve as a single point of contact for investors who are interested to invest in Iraq. The remit of the NIC is to facilitate investment in strategic projects which include (a) projects of capital not less than USD 250,000; (b) projects related to the extraction of natural resources (excluding oil and gas); (c) projects arising from an agreement where the Republic of Iraq is a party therein; (d) petrochemical, pharmaceutical, or industry projects, involving the manufacture and production of vehicles; (e) transportation projects (roads, ports, airports, etc.); and (f) electricity projects of production capacity not less than 30 megawatts. Notably, projects with a minimum capital USD 1 billion are generally considered as strategically important by the NIC.
June 13, 2012 Police say 42 people have been killed in attacks in Baghdad and southern Iraq A spate of attacks that targeted Shiite pilgrims and police troops in Baghdad and southern Iraq on Wednesday killed at least 42 people and injured scores of others, police officials said. Baghdad was hit by five bomb attacks and two shooting incidents that killed and injured scores of Shiite pilgrims, police and hospital sources said, however the specific number of deaths and injuries were not yet available. The pilgrims were gathering in the Iraqi capital to mark the anniversary of the death of Shiite imam Moussa al-Kadhim, a great-grandson of Prophet Mohammed.
Meanwhile, two car bombs in the central Iraqi city of al-Hilla killed at least 13 people and wounded scores of others, was reported. The first car bomb, which detonated near a restaurant in al-Hilla, killed six people and wounded 20, according to a police captain and doctor Ali al-Khafaji in the city’s hospital. A second blast, minutes later, killed seven people and wounded 25, they said.Violence in Iraq has declined dramatically since its peak in 2006-2007, but attacks remain common, especially in Baghdad. A total of 132 Iraqis were killed in violence in May, official figures show source
Source: Parliament will move the case against Israel by bombing the Osirak reactor
بغداد/ اور نيوز Baghdad / Orr News
Revealed a parliamentary source of the existence of a new file in the office of House Speaker Osama Najafi includes moving the action for compensation against Israel by shelling (Tammuz) nuclear Iraq in 1981.
According to the source, the next few days will activate and move the file on all levels because the right to claim compensation for Aasagt prescription.
The source said that "in the Office of the President of the House of Representatives a report that includes the recommendation to activate the issue, after an Iraqi expert presented a study to obtain the compensation from Israel legally."
And members of parliament began a campaign to open a file that the Israeli military assault on the nuclear reactor and to demand the payment of monetary damages are estimated at billions of dollars. The campaign sought to give effect to the international resolution of the UN Security Council in 1981 to obtain financial compensation estimated at billions of dollars from Israel.
The Council of Ministers face a book in 2009 to the Foreign Ministry, including the approval of Prime Minister Nuri al-Maliki on the external activation of the resolution which gave Iraq the right to claim compensation for damage suffered by the Israeli aggression and he bombed Iraqi reactor on June 7, 1981 through the formation of a neutral committee shall assess the compensation payable for damage to Iraq bombing, especially that this compensation is really for Iraq does not fall by prescription.
Under the UN Security Council Resolution No. 487 in 1981, expressly to Iraq's right to obtain compensation for the Israeli attack on the Osirak reactor.
June 12, 2012 Syria in civil war, U.N. official says UN, Syria's 15-month uprising has grown into a full-scale civil war where President Bashar al-Assad's forces are trying to recapture swathes of urban territory lost to rebels, the U.N. peacekeeping chief said on Tuesday.
"Yes, I think we can say that," U.N. Under-Secretary-General for Peacekeeping Operations Herve Ladsous said when asked if the Syrian crisis could now be characterized as a civil war.
"Clearly what is happening is that the government of Syria lost some large chunks of territory in several cities to the opposition and wants to retake control of these areas," he said.
His remarks, the first time a senior U.N. official has declared Syria's conflict is a civil war, came as the United States said Russia could be sending attack helicopters to Syria.
The International Red Cross said the situation was deteriorating in several parts of Syria simultaneously as fighting intensifies.
Many hundreds of people, including civilians, rebels and members of Assad's army and security forces, have been killed since a ceasefire deal brokered by international mediator Kofi Annan two months ago was supposed to halt the bloodshed.
"Now we have confirmed reports of not only of the use of tanks and artillery but also attack helicopters," Ladsous said in an interview with reporters. "This is really becoming large scale."
U.S. Secretary of State Hillary Clinton said Washington was worried Russia may be sending Syria attack helicopters and dismissed Moscow's argument that its arms transfers to Syria are unrelated to the conflict there.
Holder Calls Contempt Charges Against Him an ‘Impending Constitutional Crisis’ A U.S. agent has been killed. Weapons were given to Mexican drug cartels, bought with taxpayer dollars. According to U.S. Attorney General Eric Holder, the guns of Operation Fast and Furious will turn up at crime scenes for years. Sadly, he's said little else. And now, after months of stonewalling, he is facing contempt charges from Congress.
U.S. Attorney General Eric Holder was back on Capitol Hill Tuesday in part to discuss the potential contempt charges threatened against him, which lawmakers say stem from the Justice Department’s lack of cooperation in the investigation of the failed federal gun-walking operation, Fast and Furious.
Gold to be Declared Tier 1 Asset Under New Basel III Rules
The new Basel III rules are set to make gold a Tier 1 asset for commercial banks- compared to the Tier 3 ranking it holds currently. This means PHYSICAL gold will count as capital the same as a treasury bond.
Demand for physical metal will increase substantially from this ruling, but you won’t hear it mentioned on CNBC.
The big new thing in gold – capital adequacy ratios
Ross Norman looks at the implications for gold of an increased focus on the assets banks are allowed to hold as tier one capital.LONDON (SHARPS PIXLEY) - Forgive the hyperbole in the headline but we wanted to get your attention as something quite profound is happening that could propel gold to record new highs. Yes, potentially the biggest thing since the birth of the gold ETF and the liberalization of the Chinese gold market in 2003. A decade on and we have grounds for saying that gold may well see a significant leg higher… the big new thing in gold. I’ll explain…
Minister of Foreign Affairs of Kuwait to report on what was agreed in the Joint Committee with Iraq
Baghdad, The Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khalid detailed report of the Kuwaiti Council of Ministers in its session today on what has been reached in the meetings of the Joint Committee between Kuwait and Iraq.
And the committee shall be the obligations of Iraq about the international resolutions and the land border between the two countries, freedom of navigation in the Khawr Abd Allah, and the missing Iraqis and Kuwaitis and Kuwaiti debt on Iraq and compensation, and the port of Mubarak of Kuwait, in addition to the establishment of fishing area in the Gulf and open a consulate Kuwait in both Basra and Erbil.
June 12, 2012 Vietnam to Cut Policy Rates One Percentage Point Monday Snip ~ "Vietnam's economy suffers from an entrenched trade deficit and low confidence in its currency, which has forced the government to devalue the Vietnamese dong several times. It also faces problems with nonperforming loans at some financial institutions and has been fighting to contain asset bubbles that emerged when rates were slashed a few years ago, analysts say.
To help cope with those problems, the government last year unveiled a range of policies including pledges to control credit growth, boost domestic production and curb the trade deficit. The central bank also raised benchmark interest rates, which helped control inflation but also slowed the economy"
Abawi and Kubler discuss file missing Kuwaiti property
Research and Undersecretary of State, however, Abawi with the Special Representative of the Secretary-General of the United Nations in Iraq, Martin Kobler, the subject of compensation, and file the missing Kuwaiti property.
A statement by the Foreign Affairs said the meeting also discussed Iraq's desire to get out of Chapter VII and the implementation of its obligations with regard to decisions on remaining in Kuwait.
The statement added that the delegation internationalist praised during the meeting on the cooperation of the two teams with the Iraqi and Kuwaiti representatives of the UN to visit the Iraqi-Kuwaiti border.
Canadians are playing a larger role in the U.S. housing market than in any year since 2007 and they outpace buyers from China and Mexico by far, according to a new survey of American real estate brokers.
The survey by the Washington-based National Association of Realtors (NAR) said foreigners snapped up $82.5 billion (US) worth of houses in the 12-month period ending March 31. That compared with $66.4-billion a year earlier.
Canadians made up the largest share of purchasers, accounting for 24 percent of all international sales. That compared with 23 per cent in 2011 and 11 per cent in 2007.
Chinese buyers made up the next largest segment at 11 percent, followed by Mexicans at 8 percent.
While sales to foreigners make up only about 10 percent of all U.S. home sales, they are among the fastest-growing segments of the market. International sales climbed 24 percent last year, according to the survey.
Tokyo, The International Monetary Fund said Tuesday that the Japanese government and central bank must do more to combat deflation, but the multilateral lender also expressed sympathy for Tokyo's controversial foreign exchange interventions meant to limit the negative effects of a strong yen on the export-dependant economy.
In a report following its annual policy meeting with Japanese officials, the IMF said the Bank of Japan is capable of further measures, such as the purchase of longer-term government bonds as well as private-sector debt and equity to meet its recently announced 1% inflation goal.
The fund also said "further easing of monetary ...
Ambassador Néstor Osorio (Colombia), Chair of the Iran Sanctions Committee, will brief the Council in a regular 90-day update on the Committee’s work. As is usually the case with these quarterly briefings, Council members will likely speak following the briefing but no Council action is anticipated.
The briefing this month comes at a notable time. This is both in terms of the wider political dynamic at play with respect to Iran’s nuclear programme and developments concerning the Panel of Experts (PoE), which assists the Iran Sanctions Committee (or “1737 Committee”) carry out its mandate.
On 7 June, the Council adopted resolution 2049 extending the mandate of the PoE until 9 July 2013. (In a break from previous practice, Council members agreed to extend the PoE’s mandate for 13 months, as opposed to 12 months, so as to provide an extra “buffer month” to allow for the PoE to continue its work smoothly while administrative steps are being undertaken around the time of its mandate renewal.)
There's a substantial surplus of oil on the international market, which is in part to blame for slumping crude oil prices, the Iraqi oil minister said.
There's a substantial surplus of oil on the international market, which is in part to blame for slumping crude oil prices, the Iraqi oil minister said.
Israel is considering a military strike against Syria, fearing the arrival of chemical missiles to Hezbollah
Israeli security sources revealed that security services are looking at a military strike against Syria, fearing the arrival of the chemical arsenal of missiles held by Hezbollah.
It quoted "Channel X" in the Israeli television sources as saying that the violent clashes taking place in Syria finally between the Syrian army and the rebels, raised concern for the security risk of an arsenal of chemical weapons owned by the regime of Bashar al-Assad and transferred to Hezbollah. In the belief Israelis, a military operation that will prevent such a threat.
They considered the transfer of chemical rockets to Hezbollah, a red line, requires a move quickly, even if the price is a declaration of war, "as quoted security sources.
The Minister of Defense, Ehud Barak, have preempted detected think a military strike by announcing that his country is closely watching with concern the arms and rocket chemical, noting that such a situation, the dimensions are a danger can not be expected on the scope and dimensions of Israel.
Barak stressed that his army is compelled to be ready to face such a risk
Maliki: meetings of the Council of Ministers in the provinces aims to develop and address their problems closely
Prime Minister Nuri al-Maliki, that the purpose of holding meetings of the Council of Ministers in the provinces is to stand on their problems and needs closely and support local governments and help them develop the province.
A statement from the prime minister said Tuesday that al-Maliki presided over the province of Dhi Qar in the morning, regular session of the Council of Ministers, during which search many files, particularly those relating to the services, energy, agriculture, irrigation and others.
The statement added that al-Maliki met with officials in the province of Dhi Qar to see the reality and needs to maintain and accelerate the delivery of services needed by the people of the province in all fields.
Iraqi Free: Solving the crisis lies in meeting the national or Maliki's call for the House of Representatives and interrogation
Said the deputy in the Iraqi bloc free Zuhair Araji, Tuesday, that the political blocs now has two choices the first is to work on a national meeting attended by all parties to resolve the current crisis, and the second is an invitation to Prime Minister Nuri al-Maliki to the House of Representatives, interrogated, and after that is the report of no confidence by the or not.
The al-Araji, told Aswat al-Iraq that the issue of withdrawal of confidence may withdraw almost, because the signatures necessary to dismiss did not Taatkml so far and therefore we expect now Khiarien in front of the political parties, the first being the national meeting that brings together the blocks in order to detect all paperwork and sorting out things in order to reach results serve the political process, and the second option if they insisted the blocks on the withdrawal of confidence from the al-Maliki, it must apply in order to interrogate al-Maliki to Parliament, noting that he must be reasons for questioning were strong and true and there is now directed by the Prime Minister in order to detect all the files in front of sons the Iraqi people.
June 12, 2012 UN Warns on Syrian Escalation The United Nations warned of a "dangerous intensification" of violence in Syria (al-Jazeera), amid an increased government assault on civilians and a rising number of opposition attacks targeting Syrian security forces. At the same time, the United States said the Syrian government was planning a "potential massacre" in the opposition stronghold of Haffeh, near the Turkish border. The U.S. State Department accused Syrian President Bashar al-Assad's forces of directly attacking civilians in a "serious escalation" of the fifteen-month-old conflict.
Second report of the Secretary-General pursuant to resolution 2001 (2011) (S/2012/185) Report—UN Security Council .. Download PDF (211.33 KB) I. Introduction
Lord Ashdown on UK and west's role over Syria Lord Ashdown said "we can't act even though we would like to" as he looked at what the UK and the west could do over Syria - compared to previous actions in Libya, Iraq and the Balkans.
The former Liberal Democrat leader spoke about the diplomatic moves needed for the west to win over Russia, which is allied to the current Syrian leadership, and said the outlook was "pretty gloomy and bleak". Watch Video ..Here
The World Trade Organization is moving closer to eliminating country-of-origin labels and replacing them with “Made in the World” initiative labels because they say we need to “reduce public opposition to free trade” and “re-engineer global governance.”
An America that prides itself on independence and celebrates that independence every year on July 4 should want absolutely no part in allowing the advancement of global governance that aims to eliminate the one thing that allows American consumers to know from where the products they buy originate: The “Made in USA” label. ...
As the saying goes, information is power, and at a time of increased globalization when an increased number of products are imported to America from countries few of us would consider friends or allies, Americans should be able to steer the global economy in a direction that best benefits America with the consumer power that would come with more information on product labels – not less.
Cabinet appointments and looking to invest in Nasiriyah today
Nasiriyah - Hazem Mohammed Habib
You may top the agenda of the four Cabinet meeting to be held in the province of Dhi Qar today.
According to the President of the Provincial Council Qusai al-Abadi, the "morning", these files are: "the establishment of the airport, and appointments, and the allocation of land Investment, ministries and projects lagging. "Abadi said that" the form of Council committees for the preparation of those files to be presented during the meeting.
"and saw the province of Dhi Qar security measures to ensure the meeting smoothly without any disturbance of the atmosphere. In this regard, said Advisor to the Governor of Dhi Qar, Yahia Nasseri complete all technical preparations, logistics and security and to ensure the success of the meeting of the Council of Ministers scheduled to be held today in Nasiriyah.
He Nazareth: that it "will be discussed during the meeting among of things and issues that will be put to immediate and rapid solutions to them. "The meeting of the Council of Ministers, which will be the fourth to be held outside the capital, Baghdad, where he held a Council of Ministers of the 23 February meeting in the province of Basra, while held on the eighth of May, the current session in Kirkuk, while the hearing was held two weeks ago in Mosul.
Baghdad to restore three of the regions in common with the Diyala Diyala - Hadi Anbuge
Spurred on by the Council of Ministers, was the formation of a tripartite committee to resolve the ownership of common areas between the Diyala and Baghdad, where an estimated population of 80 thousand people.
A member of the Committee Rasim Ismail told the "morning": that Committee which includes representatives from the capital Baghdad and Diyala province, the Ministry of Municipalities, take it upon themselves to resolve the ownership of common areas between the Diyala and Baghdad, which are areas Ahaaourh WAM walls and hip line, happiness, dignity and Husseiniya North.
He said the Commission issued a decision ensure the legitimacy of Baghdad, followed by the restoration of the three regions are administratively Ahaaourh WAM walls and hip line that has been annexed to the province of Diyala in 1987 by a presidential decree issued by the previous dictatorial regime, indicating that the ration card and election to the people of those areas issued by the Baghdad.
Ismail said, "The issue of other areas which include happiness, dignity, and that follow Husseiniya North of the capital Baghdad and Diyala province, an administrative geography, the decision to resolve pending further legal and administrative procedures, as well as they relate to the issue of the general census of population.
US Treasury Secretary Timothy Geithner will travel to India this month for annual economic discussions aimed at expanding bilateral trade and economic ties, the Treasury said Tuesday.
Geithner will meet with Indian Finance Minister Pranab Mukherjee in Delhi on June 27 for the third ministerial meeting of the US-India Economic and Financial Partnership.
Geithner "will also discuss issues related to illicit finance, including the implementation of international sanctions," the Treasury said in a statement.
Geithner and Mukherjee have led the cabinet-level meetings, which are alternately held in the United States and India.
The bilateral discussion over the past three years have focused on macroeconomic policy, the financial sector, and infrastructure financing in a bid to build cooperation between two of the world's largest economies.
On June 28, Geithner is slated to visit Mumbai, India's financial center, to meet with the head of India's central bank, Duvvuri Subbarao, and with business leaders. source And more articles ..link .. *India and U.S. 2011 Links ...
US exempts India, but not China, from Iran sanctions
The United States said it would exempt seven emerging economies including India from tough new sanctions after they cut back on oil from Iran, but the punishment still loomed for China.
Secretary of State Hillary Clinton added India, Malaysia, South Africa, South Korea, Sri Lanka, Turkey and Taiwan to the list of those exempt from the sanctions. In March, she made exemptions for European Union nations and Japan.
The decision was announced two days before Clinton meets Indian officials for annual talks. The move resolves one of the biggest points of tension in years in the growing relationship between the world's two largest democracies.
Under a law approved last year that irritated some US allies, the United States starting on June 28 will penalize foreign financial institutions over transactions with Iran's central bank, which handles sales of the country's key export.
Clinton said the seven economies exempted on Monday have all "significantly" reduced crude oil purchases from Iran. She cast the exemptions as proof of success in the US campaign to put pressure on Iran's clerical regime, which Israel and some Western officials fear is seeking a nuclear bomb.
Maliki: Arbil meeting aims to pass the last regional project
Baghdad, MP for the coalition of state law, Abdul Salam al-Maliki said the Arbil meeting is the last desperate attempt to put pressure on President Jalal Talabani to pass their project and plans the regional.
Maliki said that "the meeting of Irbil is a desperate attempt to pressure the new Talabani, in order to pass their plan for the withdrawal of regional confidence in Prime Minister Nuri al-Maliki and we are convinced and confident that the president will not change his position because he is the biggest and most powerful of these pressures."
"The picture today become clear to all after that exposed all the papers have appeared fact the reasons that created the current crisis, which manifested itself for all as a rivalry and hostility directly to a person Maliki nothing to do with the reforms the subject and it is just trying to settle accounts and not reform," stressing that "this project and new attempts doomed to failure like its predecessors. "
Maliki called the political parties to "return to reason and put their interests before the interests of Iraq and not be a reason to destroy the democratic experiment in Iraq and that Etjhoa for the success of the national meeting and make the Constitution is the rule over everyone."
Has learned the "morning" from a parliamentary source familiar with the important meeting will be held during the next three weeks between representatives of the central government and the Kurdistan Regional Government to agree on oil and gas law, which is still at a standstill for more than 5 years.
The source confirmed that the meeting may resolve the debate on this important law, paving the way for the Iraqi leadership to the global oil market, especially with the policies of the government to increase production and export.
In the meantime, an MP from Kurdistan Alliance Hassan Jihad said the draft law of oil and gas made by the government to the House of Representatives did not agree upon the political parties. Jihad said "morning", said the central government made a project of 2007 did not pass this law, for reasons many have not agreed upon by the political parties.
However, the parliament confirmed the source of the "morning" that "the government is going to make some adjustments to the draft law submitted by the subject in order to be accepted by all and put to a vote during the next legislative term.
The aim of the oil law by the Council of Ministers that "the ownership of oil and gas in Iraq is for all people in all regions and provinces, and control of oil and gas so as to ensure equitable distribution of their resources among the people, in addition to the Federal Government management and development of petroleum resources in order to achieve the national interest at any stage of the petroleum operations through formations and bodies contained in the law.
Monday, June 11, 2012 The Cabinet meeting to be held tomorrow at the Imam Ali and security procedures before the arrival of Al-Maliki
Baghdad, official revealed in Dhi Qar governorate, the Cabinet Tuesday will forward base at Nasiriyah West, in an effort to reduce traffic congestion in the city centre and accompanying officials visits often.
According to the source, who asked not to be named, said the scheduled meeting of the Council of Ministers in the city of Nasiriyah, would be in one of the halls of the Imam Ali air base West of the southern city of Nasiriyah.
He explained that the meeting venue at the Imam came on the orders from the Iraqi Government, to reduce traffic congestion expected if the meeting was held in the building of the Cabinet of the governorate or provincial Council, which is often accompanied by officials to visit some closure to secure the protection of visiting delegations road.
The official revealed earlier that Iraqi Prime Minister Nuri al-Maliki, will arrive in the southern city of Nasiriyah Tuesday to hold regular meeting of Council of Ministers.
Stressing that special reconnaissance team arrived in the southern Iraqi city of Nasiriyah Iraq Government to prepare for the meeting is supposed to take place in 10 a.m. finished tomorrow.
Said Minister of State for Provincial Affairs Torhan Mufti said a government committee under his chairmanship will start next week with discussions to draft a federal law of taxes and local fees, asserting that Iraq had no federal law of taxes and local fees.
said the mufti's (Center Brief Media Network Iraq) that "the State Commission held its first meeting and identified the next week its second meeting which will discuss the draft law on federal taxes and local fees, which passed in the Iraqi constitution." said Mufti that "the enactment of the federal taxes and local fees comes to prevent conflict with what issued by the provincial councils in this regard.
"The Cabinet has decided to form the above as it Diwani No. 29 of 2012 and includes membership of the Ministry of State for Provincial Affairs and the advisers to the Prime Minister and representatives from the province of Baghdad, Basra, the Ministry of Finance and the Office of Financial Supervision.
Everyone agrees of experts and specialists and government officials on the importance of a law on customs tariff.
For his contribution to the achievement of financial resources are added to the budget revenues on the one hand and to protect domestic production and on the other to organize and control the entry of goods into the country .
Eight of a law on customs tariff Aoikrb easier to Iraq to join the World Trade Organization, which provides a system of conditions regulating the entry and exit of goods and commodities to the country. It is known that since Iraq is seeking to approximately 6 years old to join this important organization, has formed a technical committee comprising of experts from relevant ministries meet regularly for this purpose.
Has been a year to delay the entry into force of the law and now has approached the implementation period and the controversy returned again to the forefront of the required to speed up the implementation and wants to delay and delay and all his reasons and justifications FINE tend stake for those with implementation or who are against its implementation?
Steve tell your listeners to ignore ETFs and continue buying Physical SILVER and GOLD no matter what "spot price" is. Please tell them to take cash out NOW!!!! Only keep in bank what you can afford to lose and what you need to pay bills and expenses.
Please tell them to get money out NOW!!! They have till December the latest to do so. Be mindful it CAN HAPPEN SOONER. Prices of Metals without manipulation $1000 SILVER $5000 GOLD---Steve Great show Im listening to you right now.
Here is the latest truth on Spain. The bailout already happened by stealth from very reliable sources. My sources are never wrong. The Bank holiday is going to spill over to Spain, Portugal and France.
Border troops combing the border between Iraq and Syria
Anbar (newsletter) ... Security sources said the border guards command on a comb and monitoring along the border between Iraq and Syria with the support of aviation, in anticipation of the infiltration of armed elements into Iraqi territory.
Source (News Agency news) Monday: putting Syria unstable owing to the withdrawal of the Syrian army into Syria and leave checkpoints free unguarded.
He added: the border guards capable of protecting the borders of any armed elements or attempt to smuggle some taboos outside Iraq through Syria or vice versa.
Tight Contest for Gabby Giffords Seat Could Send Big Signals About November
The Republican Party’s 2012 electoral juggernaut—and, make no mistake, it is a juggernaut—has decided to go “all in” on the fight for retired Congresswoman Gabrielle Gifford’s seat from her Democratic party.
The special election to fill the seat, which takes place Tuesday, has seen massive outside spending (by GOP groups and by “independent” allies such as Karl Rove and Dick Armey) on behalf of a Republican who hopes to grab it for his party. Democrats have fought back aggressively in the closing days because they know they cannot afford to lose the seat.
Europe making right choices to address debt challenges, conference told
Montreal - Europe faces severe challenges but is taking the right steps by solidifying the banking system of its weakest members, an international economic conference was told on Monday.
Michel Barnier, European commissioner responsible for internal market and services, told an international economic forum in Montreal, he didn't think Europe is at "one minute to midnight."
"I think Europe is making the right decisions," Barnier said in an opening speech to the 18th annual International Economic Forum of the Americas.
Meetings Set For JUNE 15-20th In Attempt To End Financial Crisis
There will be a series of both secret and public high-level meetings from June 15 to June 20th aimed at ending the financial crisis that threatens to collapse the Western world’s banking sector, according to multiple sources. The hope is that the G20 meeting set to start on June 18th will lead to a breakthrough.
To help make that possible, the White Dragon Society sent a message to the Committee of 300 proposing the announcement of a campaign, similar in intensity to a world war, aimed at ending poverty, stopping environmental destruction, eliminating disease and otherwise trying to save our wonderful, but ailing planet.
Al-Bayati: the insistence of the Iraqi no-confidence clear evidence of the political bankruptcy of the existing live Baghdad, MP in the National Alliance for the rule of law Abbas al-Bayati said President Jalal Talabani has all his responsibilities and read the constitutional substantive issue of the signatures that reached recently urged him to withdraw confidence from the Prime Minister Nuri al-Maliki.
Bayati said that "attempts by the Iraqi List, repeated for the withdrawal of confidence from the al-Maliki has become a farce brought down the curtain on its chapters last and what the Iraqi insistence on this subject not clear evidence of the bankruptcy of political experienced by the Iraqi List, especially after what happened in the splits and withdrawals for most of the political forces were part of the former.
Reading Iraq's News can be so Confusing ..If only Mr. DT could explain it for us ...:)
11/06/2012
Talabani calls for a national meeting and the Coalition supports the meeting in Arbil, seeking clarification
The announcement President of the Republic not a quorum necessary to hold a hearing to withdraw confidence from the government in an important stage of the stages that made the crisis. At the same time new President Talabani invited all political parties to hold a national meeting to resolve the current crisis.
A statement by the Office of the President that the number of signatories to withdraw confidence from the Prime Minister Nuri al-Maliki of 160 deputies only which is less than the required number of 163.
The statement "It is for the purpose of payment of any confusion regarding the position of President of the Republic and his commitment to the full provisions of the Constitution we would like to clarify that the President had promised the leaders of a number of political blocs that bringing to the House of Representatives the names of Representatives demanding the withdrawal of confidence from the Prime Minister after ensuring the safety of the signatures and completeness a quorum.
Urgent .. Barzani, for Allawi: I have two choices either success or a declaration of no confidence an independent Kurdistan!!
Baghdad, Informed sources within the territory of the Kurdistan regional president Massoud Barzani expressed his concern of the leader of the coalition in Iraq, Iyad Allawi, the possibility of success of a community of Arbil, the withdrawal of confidence in Prime Minister Nuri al-Maliki.
Najafi submit his resignation from the presidency of the House of Representatives
Baghdad, A source close to the Iraqi List, said House Speaker Osama Najafi expressed his willingness to resign from the presidency of the Council and the nomination of a replacement if asked to do so and cut the road in front of the attempts of Prime Minister Nuri al-Maliki to divert attention away from the subject of withdrawal of confidence from it.
Greek voters will be casting their votes on whether or not to remain part of the euro zone next Sunday. An exit from the euro could have disastrous results for President Obama, who is hoping to boost the U.S. economy before the November election.
The recently agreed uponSpanish bailout terms .were good news for the future of Europe and the U.S., but Greece hangs in the balance. In a press conference Friday, Obama stressed the need for Greece to remain on the euro, saying that the people “need to recognize that their hardships will likely be worse if they choose to exit from the euro zone.”
Iraq and Jordan sign agreement in oil and energy sector
Erbil, The Council of Ministers has approved the recommendation of the energy committee to authorize the Minister of Oil to sign a memorandum of understanding between the Iraq's Ministry of Oil and the Ministry of Energy and Mineral Resources in Jordan in the areas of oil and energy.
The agreement is for a five year period and includes the construction of a pipeline to transport crude oil and natural gas through Jordanian territory.
Iraqi government spokesman Ali al-Dabbagh said in a statement today: "The recommendation of the energy committee about the memorandum of understanding between Iraq and Jordan shows the keenness of the Iraqi government to develop a clear and appropriate action mechanism to promote cooperation between the two sides in the areas of oil and gas, as Iraq has large reserves of crude oil and natural gas that meet the local demand and export the surplus, in light of the growing need of Jordan to import these materials to support its development plans and meet its needs.
March 8, 2011
