" The Dinar Daily ", Tuesday, 8 July 2014

[sczin11]

OPEC prices down to nearly $ 107 per barrel Tuesday July 8, 2014 11:17 Alsumaria News / Baghdad The prices of OPEC, on Tuesday, rising to a record of nearly $ 107, while an oil expert attributed the drop to the not affected oil exports from Iraq's southern ports. He said the organization on its website and seen by "Alsumaria News" that "the price of oil in the OPEC basket fell to a record 106 dollars and 90 cents per barrel after soaring to $ 108 and 68 earlier this month, noting that" the average prices for the month of July present dropped also for up to 107 dollars and 69 cents per barrel, compared with $ 107 and 89 cents for the month of June. " The statement added that "the rate of price annual oil in the OPEC basket for the current year 2014 is still lower than their last year, which amounted to $ 105 and 39 cents lower than last year's average prices, where 105 dollars and 87 cents to 109 dollars and 45 cents for the year 2012" . He attributed the oil expert Hussein Allawi, in an interview for "Alsumaria News" drop in world oil prices to non-affected Iraqi oil exports from southern ports, which constitute approximately 95% of the exports of Iraqi oil to the outside despite the security tensions taking place in Iraq in the northern provinces. " Allawi added that "prices often remain at rates lower than normal prices because of the summer season, which is often less demand for crude oil." It consists of OPEC basket of 12 crude, a mixture deserts of Algeria and crude Girassol Angolan and Iranian crude and heavy Basra Light Iraqi export Kuwaiti Sidr Libya and Bonny Light Nigerian maritime country and Arab Light Saudi Murban UAE and Mary Venezuelan Oriente from Ecuador. The Organization of Petroleum Exporting Countries (OPEC), which was founded in Baghdad in 1960 by agreement between the five countries are Saudi Arabia, Iran, Iraq, Kuwait and Venezuela, and is headquartered in Vienna, one of the largest international organizations supervising the organization of the export of oil and determine prices, and includes in its membership currently 12 countries oil exporter, has a whole between two-thirds and three-quarters of the world's reserves of oil.

https://translate.googleusercontent.c...EC57jdLAyTIYMQ

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Al-Ahli Bank of Iraq through the joint outside the tutelage of the Central


11:29
08/07/2014
Central Bank of Iraq, on Monday, lifting the trusteeship by the Bank through the Iraq National Joint after Ivaúh obligations Administrative toward clients and the bank. Central bank said that "the Board of Directors of the Central Bank decided to minutes numbered 1510 to raise Commandments for Bank across Iraq and handed over to the new administration, which began tasks during the past few days. "according to the newspaper integrity and added that" this decision comes within the framework of the central bank aims to develop the work of banks and the implementation of its goals in achieving financial stability and maintain depositors' money, and in light of the task of supervision carried out by the Central Bank to improve the performance of the bank across Iraq and the treatment of Administrative problems and activate its role in the field of banking "

https://translate.googleusercontent.c...axiZOlJKYTIhfA

[sczin11]

sczin11- this is title line of announcement on CBI website for today- while we await MELIAHLORE to translate the whole document, it does appear to be soliciting new BANKING PERSONNEL! Why?



announcement ) announces Center for Banking Studies at the CBI for his for the first time in his new under the auspices of the governor, implement a training program specializing in the banking business for the newly recruited staff (not to exceed their service for three years ) in the banking system and for graduates who want to attend to work in the sector banking

07/08/2014

https://www.cbi.iq/?pid=Home&lang=ar

[sczin11]

sczin11- WOW! only 7 banks and LOOK at the low sales///hmmmm!

Lower sales of central bank on Tuesday to 61 million dollars Tuesday July 8, 2014 12:07 - + Alsumaria News / Baghdad Sales of the Iraqi Central Bank, on Tuesday, a decrease of 61 million dollars, through the participation of seven banks in an auction today. The session saw today, a decline in sales of the bank for up to 61,000,162 thousand dollars, were covered by the bank at an exchange rate basis was 1166 dinars to the dollar, compared to the day before yesterday, Monday, that sales reached the 185 000 992 thousand dollars. And the distribution of demand by 56,000,132 thousand dollars in the form of remittances and 92% for the remainder, amounting to five million 1.03 million in cash, was to cover all the demand by the bank in full, and the exchange rate was 1179 dinars per dollar, including the bank's commission of 13 dinars per dollar, While he did not make the banks participating in the auction of seven CBI any offers to sell the dollar. The Bank of Arbil more banks demand for the currency where the requested 15.4 million dollars, followed by the company across Iraq and $ 14.447 million dollars. The Central Bank of Iraq was established as a bank independent under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies. https://translate.googleusercontent.c...DE0RY6CIuixihQ

[chattels]

Muqtada al-Sadr meets with the military leadership of "Peace Brigades"

08/07/2014 11:21:00

Najaf / NINA / The cleric Muqtada al-Sadr met with the military leadership of (Peace Brigades) in charge of the defense of the holy sites.

An official source in the Sadr office said that he listen to, "a detailed explanation for the military situation on the ground around the city of Samarra, and to preparedness and readiness to counter any attack by terrorist groups."

It is mentioned that Najaf witnessed the arrival of a number of bodies of the martyrs belonging to the (Peace Brigades) fell because of some of the attacks carried out by the ISIS on the outskirts of Balad and Samarra.

https://www.alliraqnews.com/en/index....iament-session

* sur·re·al

/səˈrēəl/

adjective

adjective: surreal

having the qualities of surrealism; bizarre.
"a surreal mix of fact and fantasy"

synonyms: unreal, bizarre, unusual, weird, strange, freakish, unearthly, uncanny, dreamlike, phantasmagorical

One of the continually surreal or phantasmagorical aspects of the " ISIS crisis " is the conduct of " authoritative and responsible " persons in the otherwise ordinary scope of human behavior and the exaltation of religious shrines over human life. Perhaps I am simply betraying the limitations of my own " western " perspective and understanding, but I think it is bizarre. Whether it bespeaks some great charade or conspiratorial masterpiece of deceit regarding Iraqi monetary policy or political stability or national security I do not know, but doubt. - chattels

[chattels]

Motahidoin assures boycotting next government if Maliki nominated as PM

Tuesday, 08 July 2014 12:50

(AIN) –MP, Ahmed al-Massari, of Motahidoin Alliance threatened to boycott the next government if the Premier, Nouri al-Maliki, heads the next government as its Prime Minister.

Massari stated to AIN "We have no idea about postponing holding the next parliament session and we do not know about the reasons behind postponing it," noting that "Nominating the next parliament Speaker is not settled yet."

https://www.alliraqnews.com/en/index....ominated-as-pm

and

Uniting ( also the united or Motahedoon or Motahedoin, Nujaifi's Sunni political bloc ) threatening not to participate in the government if Maliki to renew the mandate

Thursday, July 8, 2014 07:00

[Baghdad where]

Threatened MP for the coalition united, Ahmed electrodes, that his coalition will not participate in the next government if al-Maliki to renew the mandate.

The head of the Age of the House of Representatives Mehdi al-Hafez has decided today to postpone the postponement of the parliamentary session scheduled on Tuesday to 12 of August next after the Eid al-Fitr, the index to the lack of agreement of the political blocs to resolve their candidates for the three presidencies.

The electrodes, which reportedly named a candidate for the Presidency of the Council of Representatives, told all of Iraq [where]: "We are not aware about the postponement of the parliamentary session, we do not know the reasons for the delay," noting that "the presidency of the parliament until now undecided, and there are several candidates for the position."

The Najafi announced last Thursday to withdraw his candidacy for the Presidency of the Council of Representatives in the new session. Mentions that the coalition of Diyala identity WIN in Union national forces announced last Friday [the day after the decision Najafi withdrew his candidacy officially from the presidency of the parliament] that the MP him sound Algiora is the only candidate of the Union The front-runner to take over the Presidency of the Council.

He said MP united to "put forward a candidate for the presidency of the parliament depends on Ptikdm candidate is Maliki for prime minister," pointing out that "the National Alliance in the event of Maliki gave a candidate for prime minister, will not share in the government, and call for the alliance to provide the alternative."

Embroiled in the political blocs intensive meetings, especially after the first session of the new parliament last week which failed to nominate candidates for the powers of the three presidencies, hoping to lead ongoing dialogues to resolve the candidates soon.

It is hoped that the parliamentary blocs healed again in the second session of the House of Representatives within the third parliamentary session in the coming days to elect a president and two deputies.

https://translate.googleusercontent.c...wbbCqsJFSWOTSw

[chattels]

Najafi restores his candidacy for the presidency of the House of Representatives after less than a week to withdraw his nomination

News Source: Ali Salman

July 8, 2014 6:31


Restored Iraqi Parliament Speaker outgoing Osama Najafi his candidacy to the presidency after less than a week to withdraw his candidacy at the request of the National Alliance.

A source from within the Union of Forces for National "Najafi ran again to each side of Saleh al-Mutlaq and Ahmed and Salim al-Massari and Dhafer al-Ani."

The source, who preferred anonymity, said that "the favorite to win within the Union is Salim al as the most acceptable among the political blocs outside the European Union added, as it showed all the Kurdistan Alliance and the Supreme Council and the Sadrists in their desire to change the old faces."

The leader of a coalition united to reform Osama Najafi, announced in the third of this month to withdraw his candidacy for the presidency of the Council of Representatives, which has been pegged against the non-Maliki that his candidacy for a third term.

It was the cleric Moqtada al-Sadr had announced last Saturday, to provide support for the coalition of state law, a candidate for prime minister, an alternative to Maliki, stressing that the switch candidates step will be a welcome and commendable in this difficult situation the country is going through.

He also called on the President of the Islamic Supreme Council of Iraq Ammar al-Hakim, today, to enter the faces and new blood to the positions and responsibilities of ministries, warning of the exploitation of religion and commissioning forensic abuse of office for as long as possible away from the truth and reality.

https://translate.googleusercontent.c...1gih6jQ_hlouCA

* Many newshounds are increasingly suspicious of information attributed to " a / the or anonymous source ". For example here. There are several articles of late which tell us that the Kurds do not favor al Jobouri and there are no other articles that I have seen that bespeak any antipathy from the Kurds toward Nujaifi . There is some " sentiment " to the effect that the Kurds may prefer the presidency of Parliament to the presidency of Iraq, but ............. ???

[sczin11]

Tuesday, July 8th, 2014 12:54Economist: delay in approving the budget would increase the financial benefits to the Iraqi government

BAGHDAD / Baghdadi News ... He is an economist, on Tuesday, said the delay in approving the budget will cause a delay of the completion of all development projects that Iraq needs for the advancement of the Iraqi economy, noting that the delay in projects that could lead to the accumulation of financial benefits to the Iraqi government.

The economist said Dergham Mohammed Ali told / Baghdadi News / "The delay in approving the budget, the federal cause of obstructing the implementation of all development projects that enrich the Iraqi economy," noting that "there are a lot of foreign companies operating in Iraq will demand the benefits of finance in the event of delay in delivery Iraqi government for their financial dues. "
He added that "the delay in delivery of the Iraqi government to dues major companies in Iraq would increase the debt owed by the Iraqi government on the grounds that some of the companies operating in Iraq and put some of the items in the contracts that allow them to claim the coupon in the event of a financial delay in the receipt of dues."
He explained that "the delay in approving the budget would cut the amount of cash in Iraqi banks", ruling that "this delay affect the exchange rate of the dollar."
He stated that "the movement of the Iraqi market will develop other is stagnant because the government is spending the most on the market through the movement of state purchases of materials that you need in investment projects."
"The integration of the current year budget with the budget next year would cause confusion in the plans and economic strategies that Iraq seeks to implement because of inflation in the amount of projects compared to the low level of work and blurred vision uncertainty that next year's budget will be approved in time and may not recognize the mid- next year, "and urged" the need to be there are laws and mechanisms to oblige stakeholders approving the budget in a timely constitutional prevent Iraq in a serious economic slide.

https://translate.googleusercontent.c...f2ESTs5Ifz1iZw

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Report close to the CIA: the commander of Iraqi military is preparing for a coup supported by US-Iranian

THURSDAY, JULY 8, 2014 13:32

MVA

Twilight News / A report prepared by the Institute, "Stratfor" known to be close to U.S. intelligence, that the "rumor" currently circulating in Baghdad, including what sources said the institute, and that the coup to bring him in the country in the absence of the success of the political class in the formation of a new government .

The sources added that, unlike the American Institute of coups, the other will not be referred to the coup led by non-commissioned officers but senior officials in the Iraqi army.
The report quotes according to what seen by "Twilight News", that rumors about the military leader a senior in Baghdad (reservations Twilight News referred to the sensitivity of the information) is planned for this coup, which is supposed to be announced "as a contingency plan to cope with the total collapse."
The "Stratfor" as well as to the air-year-old wants the departure of Prime Minister Nuri al-Maliki, given that his policies "incited Sunnis to rise up, or failed to stop it, according to the person you are talking to."
He added that "the Americans and the Iranians ... and share those views."
The report speaks of the "coup leaders" talk about the support of the Americans and Iranians, adding that it may serve as a junction of interests between the two countries in this circumstance.

https://translate.googleusercontent.c...Dvt-F7-CV4mO8w

[chattels]

Economic affairs specialist: the Kurdistan region on the verge of crisis

08/07/2014 11:05:00

BAGHDAD / NINA / An economic affairs specialist, Dargham Muhammad Ali said the Kurdistan region on the verge of a big investment crisis, warning of an exodus of investment companies operating in the oil sector in Kurdistan.

He told the National Iraqi News Agency / NINA / today "the worsening security situation in the northern regions, stop Baiji refinery and high fuel prices prompted most companies to withdraw their capital from the Kurdistan region, stressing, that the migration of foreign companies from the region will reflect negatively on the oil sector investment."


It is mentioned that the price of petrol reached 1250 dinars per liter in the province in addition that some foreign companies have withdrew their capital as a result of the deteriorating in security situation in the northern regions of Iraq.

https://www.ninanews.com/english/News...ar95_VQ=HFGHGL

and


Erbil Announces Fuel Rationing, Plans for Two Refineries

By Alexander Whitcomb and Raed Asad Ahmed


ERBIL, Kurdistan Region - Hit hard by gasoline shortages caused by fighting at Iraq’s largest oil refinery at Baiji, the Kurdistan Region has announced it will build two new refineries of its own in a move towards energy independence. The only hitch is it’s not happening anytime soon.



Ashti Hawrami, the minister of natural resources, was called to the Kurdistan Regional Government (KRG) Parliament on Monday to account for the fuel crisis.



“We have plans to launch two refineries in Dohuk and Garmiyan, but it takes two to three years to do so,” he told lawmakers. Scheduled improvements to existing refineries will also increase capacity over the next two years.



In the meantime, the KRG must ration fuel supplies and encourage private companies to import gasoline to substitute for Baiji. Eighty percent of domestically-produced gasoline will be distributed to citizens through a coupon system. The other 20 percent is allocated for government departments and Peshmerga military forces. Traders will be allowed to import gas from abroad, but the government has pledged to cap prices and regulate fuel quality.



Jihadi-led Sunni insurgents that have captured mostly northern territories, and are in control of a third of Iraq, also have been fighting to capture the Baiji refinery in Salahaddin province.



Fighting at the complex has been ongoing for the past several weeks, with conflicting reports about whether it is in government control or has been taken over by the militants, led by the Islamic State of Iraq and Syria (ISIS).



Hawrami explained that the current crisis was intensified by the generous gasoline subsidies provided by the government. Because commercial prices are significantly higher in Turkey, traders were buying Kurdish gasoline and taking it to market across the border. He complained oil was being smuggled out of the region, only to be resold to the government at higher cost as “imported oil.”



According to his estimation, a third of Kurdistan’s fuel was being sold on the black market.



Fighting by ISIS militants cut off the Baiji supply at the same time that demand for oil products spiked. Military mobilization, territorial expansion and a massive influx of refugees all led to a rise in fuel consumption in the region. Dramatically diminished supply and increased demand were amplified by panic and black market speculation, resulting in enormous queues at Kurdish pumps over the last weeks.



Hawrami also indicated that artificially low prices caused undesirable market distortions, even before the crisis hit.



“There are more than 50,000 vehicles in the Kurdistan Region that belong to oil companies, consulates and foreign missions that operate in Kurdistan and benefit from gas subsidies,” he said.



According to him, driving had become too cheap even for the intended recipients of the subsidies, the Kurdish lower and middle classes. While they deserved a subsidy, most poor people “do not have private cars -- they use public transportation or cabs instead.” He pointed to the fact that many families have two cars, the hallmark of a developed country, despite the fact that the Kurdistan Region still has a relatively low income per capita.



If the crisis effectively reduces state subsidies -- people invariably become more reliant on privately traded gasoline -- there are a few upsides, Hawrami reasoned.



“Iran’s environment and economy improved greatly after they removed their gas subsidy regime,” Hawrami told the room of skeptical MPs. When Iran increased gas costs (once set at $0.10 a liter), “traffic decreased by 20 percent in Tehran. People began using more public transportation than cars.”

https://rudaw.net/english/kurdistan/08072014