The Dinar Daily, Monday May 11, 2915
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  1. #1

    The Dinar Daily, Monday May 11, 2915


    US dollar USD 1166.000 1164.000

    US dollar USD 1166.000 1164.000
    Euro EUR 1308.369 1307.714
    British pound GBP 1798.438 1797.539
    Canadian dollar CAD 964.593 964.111
    Swiss franc CHF 1261.359 1260.728
    Swedish krona SEK -------- -------
    Norwegian krone NOK 156.010 156.023
    Danish krone DKK 175.294 175.206
    Japanese yen JPY 9.729 9.724
    Drawing Rights
    SDR 1639.781 1638.961

    Indicative rates - (as of) 11.5.2015

    Currency Auctions

    Announcement No. (2948 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 10/05/2015 and the results were as follows:

    Number of banks 17
    Number of remittance companies 1
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 146,902,904
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 146,902,904
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 05-12-2015 at 10:11 AM.

  2. #2

    Re: The Dinar Daily, Monday May 11, 2915

    The Exchange Rate of Foreign Currency in Economic Feasibility Studies

    Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

    Estimate the shadow price of foreign currency:

    1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine.

    The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.

    * What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.In particular the following outputs and inputs of foreign currency were distinguished:

    • Export-outputs.
    • Outputs marketed locally that substitute imports.
    • Imported inputs.
    • Inputs produced locally that usually go to exports.
    • Foreign labor.

    According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules.

    In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency …. etc.).

    In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.

    2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports… etc.

    The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:

    • The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.
    • The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.
    • The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods.
    • The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
    • This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.

    And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.

    3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.

    The Republic of Iraq – Ministry of Planning


    A "flashback recap" of a Live Q and A Call from about a year ago - on THE DAILY DINAR NEWS BLOG...

    In general terms – there were three main focal points of interest I wanted to cover and then allow listeners to ask whatever questions they liked.

    1) the SIGR report…

    2) the Gold Article…

    3) the IIER report…

    I started the conversation out last night by highlighting how crazy this campaign being fielded to contact our lawmakers and bank CEO’s and tell them how unfair it is they are getting to exchange (exchange is the right terminology BTW – NOT “CASH-IN”) at 32.00 per Dinar and we are not – is. It is nuts.

    Firstly, “they” are NOT being allowed to exchange “early” – or at 32.00 per Dinar. It makes you sound “stark raving MAD” to be caught saying such things. You would be better off barking at the moon. It is demeaning to the validity of a true currency play.

    Secondly, this is entirely the wrong way to approach them. I pointed out on the call that Poppy and I fielded a very successful such campaign a couple of years ago. However, we sat down and came up with a much different approach. It was designed to get answers and to approach our lawmakers with respect and as their constituents. Not like a bunch of lunatics. We had extraordinary participation (because it made sense) and we received a good response from lawmakers. It started the conversation in a reasonable manner.

    I asked one caller – “when was the last time you asked a banker for money and told him how unfair it was if he didn’t give it to you”??? Obviously – we chuckled…

    Another caller asked me if (as DC had relayed) – the “zero’s were raised” and the lower denominations were in circulation??

    I said plainly “no”…lower denominations being in circulation would (at the very least) imply there had been a value change. If there were no value change the lower denoms would not only be of little value, they would be such a hinderance – people might even throw them away just to get rid of them. So no – no lower denoms. I told the caller to check the website for “real” info on rate change.

    The “zero’s being raised” or “deleted” – as explained by any reasonable researcher, economist or authority – is simply the process removing the large (3 zero notes) from circulation.

    Referring to an Enorrste post from today on
    THE DINAR OBSERVER DAILY(you may want to put this on your favorites and check in several times a day – we to it often )

    “…I have never found a single article from the CBI or the IMF that equates “delete the zeros” to the idea of “move the decimal point.” Instead, the statements overwhelmingly come out to mean “remove the large notes from circulation.”

    Also – this recent internal memo put out by Wells Fargo is likely “push back” from this recent campaign. I pointed out that Pinnacle Bank published an article by an “affiliate” in their internal publication and then “highlighted it” in a similar internal memo a couple of years ago. It is just a defense mechanism. I’m sure Wells is tired of having their name dragged through the “internet rumor mill”. This is highly likely the reason for their vigorous denials about handling it in the future. They get so many useless calls – it isn’t worth the headache. Can you blame them??

    Further, for any bank, lawmaker, adviser or official to state the “Dinar is a scam” is nearly as foolish as some of the internet “Gurus”. It is the official currency of a COUNTRY. I pointed out (below) the post from yesterday’s
    – highlights page 94 of the quarterly SIGR report to THE US CONGRESS in April of 2012…
    __________________________________________________ _____________


    We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.

    BGG ~
    This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
    __________________________________________________ ______________

    I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

    1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

    2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

    3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

    I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

    4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

    __________________________________________________ ______________


    Coins put on the market !!

    Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

    She said in her statement Albjara "The project will take between four and five years, and which will be the launch of the categories of small coins gradually."

    He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

    The economic expert on behalf of Jamil Anton, noted that he may not find metal coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century


    CBI is preparing to issue a monetary metal parts

    Metal coins from the category of 25 fils were in circulation until the nineties of the last century

    Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

    She said in her statement Albjara Radio Free Iraq, "said the project will take between four and five years, and which will be the launch of the categories of small coins gradually."

    He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

    The economic expert on behalf of Jamil Anton, noted that he may not find coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century.


    Another "FLASHBACK"...

    Economists Divided Over Deletion Of Zeros

    By Amina al-Dahabi for Al-Monitor.

    The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided…

    …Haider al-Abadi, the head of the Iraqi parliamentary Finance Committee, told Al-Monitor that while deleting zeros from the current currency is possible, this has been postponed until after parliamentary elections. He noted that studies are being carried out to ensure that, following the currency change, counterfeiting is limited and that Iraqis don’t go back to trading in the old currency.

    The step to delete zeros from the currency has been postponed several times, leading the parliamentary Economic Committee to demand that the CBI accelerate this project, as Al-Sharqiya reported. In a news conference held July 6, the Economic Committee confirmed that the deletion of zeros will lead to an increase in the value of the Iraqi dinar and will have positive repercussions, including a reduction in unemployment and poverty rates in the country.


    Crush Expected When Kuwaiti Banks Reopen Today

    March 24, 1991|From Reuters

    KUWAIT CITY, Kuwait — Thousands of Kuwaitis are expected to jam the country's banks today when they open for the first time since the end of the Iraqi occupation.

    Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless.

    "We expect a rush of people," said Issam Asousi, an executive with the Bank of Kuwait. He said it could be a chaotic first week because customers have a lot of questions about their accounts.

    Kuwaiti banks continued operating during the seven-month Iraqi occupation under managers brought in from Iraq, but they have been closed since the U.S.-led alliance ousted the Iraqi army from Kuwait a month ago.

    When the banks reopen today, customers will be able to withdraw up to 4,000 Kuwaiti dinars, equivalent to about $14,000 at pre-invasion exchange rates from their accounts, and to exchange a like amount for foreign currency.

    Balances of customers' accounts will go back to what they were on Aug. 1, a day before the invasion.

    Clients will not be able to exchange Iraqi currency issued during the occupation, when Baghdad pegged the rates of the strong Kuwaiti dinar to the far less valuable Iraqi dinar.

    The new Kuwaiti money will be exchanged for old at a one-to-one rate.

    BGG ~ Thanks to wmawhite for some facts on the subject.

    Hi BGG,

    Just thought I would drop you an email. I listened to the call, and was interested in what was said about Kuwait, if I may - I will add my 2 cents worth.

    You were spot on with what you said, I have a close friend who's father made a killing on the KWD. He bought from people who had fled the country and he paid pennies on the dollar (we are in Australia). He took the chance that Iraq would be kicked back out and he was right.

    When the money was reinstated, he exchanged it for AUD at a rate in the mid 3s. The interesting thing about it is, Iraq invaded in November 1990 (I think), they were kicked back out at the end of Feb 1991, the banks reopened with a brand new KWD in late March, that's not a bad time frame to get a currency designed, printed and made ready to use, also the time that the old KWD was valid was initially only for 2 months, then extended to 6, so it was valid until Sept 1991, interesting I think.

    Also the other thing that seems to be a "fact" in Dinar land is Bill Clinton used the Kuwait RV to pay off the debt. However, Clinton was not President in 91, he did not take office until 93, even I know that and I am an Aussie.

    Anyway thanks for the site and enjoy listening to your calls.

    Kind Regards,

  3. #3

    Re: The Dinar Daily, Monday May 11, 2915

    Dhi Qar confirm receipt of bids from companies and banks to implement projects Order futures government is demanding that the approval of the funding mechanism

    Long-Presse / Dhi Qar
    Demanded the governor of Dhi Qar, Yahya Mohammed Baqir al-Nasseri, on Monday, the central government's approval of project financing mechanism in a way payment on credit, and pointed out that the fiscal deficit has caused the interruption of all preservation projects and impact negatively on the reconstruction movement, and as pointed out that the province economically dependent on the labor movement as lacking to other resources, he stressed that the province received offers from banks and companies to work in a way payment on credit.

    Said Yahya Mohammed Baqir al-Nassiri said in an interview to the (long-Presse), "The administration of the province renewed their claims Council of Ministers of Finance and the ministries of planning and acceleration in the adoption of project financing mechanism in accordance with the method of payment on credit and how to deal with the funding agencies," stressing that "to accelerate the adoption of a mechanism to deal with companies according to the method of payment on credit will address many of the problems caused by lack of funding and revive the labor movement. "

    He said the Nazarene, "The current fiscal deficit caused interruption of all the province projects and impact negatively on the movement of reconstruction and the activity of local markets and the movement of work in other economic sectors," pointing out that "working in government projects its companies is estimated at 87 billion dinars and payable immediately to financial benefits continue to work. "

    He continued the Nazarene, that "the local government pass a severe financial hardship as a result of stalled launch the province's budget for about two years what impact heavily on the province's economy and per capita income in the province and returns the markets and the movement of work," noting that "the province economically dependent on the labor movement as lacking other resources Kalmnavz border and religious tourism ".
    The Nazarene, that "the administration of the province received offers from some banks and companies that have expressed their willingness to work in the province in accordance with the method of payment on credit", noting that "some companies and banks offered to work according to the method of payment on credit for a period of five years."

    The number of projects in Dhi Qar province, 444 projects spread over 22 sectors Khaddmaa and developmentally.

    The French consul in Dhi Qar just Alknzawa confirmed on the ninth of April 2015, that a number of French companies, including Matera and Veolia San Oriel Egal French companies expressed willingness to implement projects in Dhi Qar, according to the method of payment on credit, showed that the project financing process will be a sovereign guarantee by the proposed presidency of the Iraqi minister.

    The provinces of Dhi Qar, Babil and Muthanna announced, on Sunday, (April 26, 2015), an agreement to coordinate their positions on the financial crisis and the transfer of powers to local governments and the mechanism for the implementation and financing service projects in preparation for the conference governorates not organized province, which was held on Monday, April 27, 2015 , in the province of Karbala, headed by Prime Minister Haider al-Abadi.
    Last edited by pinkadonai1; 05-11-2015 at 11:01 AM.

  4. #4

    Re: The Dinar Daily, Monday May 11, 2915

    Abadi calls for change to "sense of responsibility" toward the region, and stresses: There are parties within the national press it

    Long-Presse / Sulaymaniyah Demanded change bloc in the Iraqi parliament, on Monday, Prime Minister Haider al-Abadi reconsider his handling of the outstanding issues between Baghdad and Erbil, and invited him to "sense of responsibility" toward the Kurdistan region, while confirming that some within the National Alliance does not appeal to him rapprochement between sides and exert pressure on the prime minister.

    Said block head Hoshyar Abdullah in a statement received (range Press), a copy of "Kurds are aware of the size of the pressures faced by the government Abadi on the security, economic and political levels, in addition to the pressures within the political process, especially from within the National Alliance," noting that "there the wrong direction by those who would not like the rapprochement between the Government of Abadi and the Kurdistan Regional Government, and its attempts to create a state of estrangement between the two sides. "

    Abdullah called "al-Abadi to have a sense of responsibility towards the region being a part of Iraq, and the initiative regardless dues region according to the 2015 budget, and re-read the Kurdistan region of equation accurately."

    He Abdullah surprise at the "deal the Prime Minister with the Kurdistan region, which is home to the more than two million displaced people from various Iraqi factions also deals with any other province where only a relatively small number of displaced families, as well as their sense of security and providing services to them at no Despite the poor economic situation in the region. "
    Abdullah stressed that "all these equations make Kurds feel that Abadi policy towards Kurdistan is incorrect," adding that "the Kurdish people who fought for the freedom of Iraq over the past covenants and gave sacrifices to freedom through today suffer the denial of dues despite democratic change that took place in 2003 ".

    Abdullah expressed "regret for not reading the Prime Minister to privacy and the issue of history and the people of the Kurdistan region."

    The head of the Kurdistan Regional Government of Iraq Nechirvan Barzani, was accused on Sunday, (May 10, 2015) the central government "not to abide by the agreement oil site with Arbil fully," and renewed his government's commitment agreement, and as he emphasized that the region will seek to sign a new agreement with the central government if dealt with Kurdistan as buyers of oil, he pointed out that he would discuss with the leaders of the Patriotic Union of Kurdistan (PUK) situation in the region and the relationship with the central government.

    The Ministry of Finance in the government of the Kurdistan region of Iraq announced, in (6 May 2015), the central government has sent the amount of 543 billion dinars for the account of the Kurdistan region, while confirming that the amount transferred is against the oil exported from the region during the month of April.

    The two governments and the central province of Kurdistan agreed in (the second of December 2014), the allocation of part of the federal allocations of Iraqi ground forces to the Peshmerga forces, and delivery of the Kurdistan Regional Government, 250 thousand barrels of oil per day in addition to the export of Iraq 300 thousand barrels per day of Kirkuk oil.

    The agreement also included the granting trillion and 200 billion dinars for the Peshmerga forces and the allocation of a percentage of the budget of the Ministry of Defense them.

  5. #5

    Re: The Dinar Daily, Monday May 11, 2915

    Trade compensatory amounts distributed from the ration

    BAGHDAD / Obelisk: Ministry of Commerce announced on Monday, it will distribute 25 000 dinars per capita Kmbalg compensatory materials ration. Ministry of Commerce announced on Monday, it will distribute 25 000 dinars per capita Kmbalg compensatory ration of materials that have not been received over the past year in 2014, asserting that these amounts are present in the banks will be distributed during the next ten days.

    The Minister of Trade Mlas Mohammed told I followed for "obelisk" ,, "The ministry has formed a Finance Committee working on the General Company for Grain Trade and the General Company for the food trade and the Department of Planning and Follow-up in order to install the amounts of compensatory foodstuffs," noting that "the amounts are installed on based on the number of souls and the number of months that have not been distributed, as well as material prices and the share of per capita ".

    He said Muhammad that "the Commission has identified amounts of compensatory last four months of last year from the ration materials which have not been distributed to 25 000 dinars," he said. "These amounts are present in the banks will be distributed during the next ten days."

    The Ministry of Commerce has been distributed in November 2014 compensatory amounts by 17 000 dinars per person for materials that have not been received from the beginning of January until the end of the month of August of last year 2014.

    The estimated amounts to be provided by the ration card items are distributed annually by four million and 400 thousand tons of wheat and about a million tons of rice and 800 000 tons of sugar and 500 thousand tons of infant formula and 600 thousand tons of edible oil.

    The ministry has reduced in 2010, the card items to the five basic materials are flour, rice, sugar, oil, and infant milk, and confirmed that the rest of the ration card which can be purchased from local markets legumes, tea, washing powder and milk adult vocabulary will be canceled.
    Last edited by pinkadonai1; 05-11-2015 at 11:00 AM.

  6. #6

    Re: The Dinar Daily, Monday May 11, 2915

    Fierce fighting south of Baiji
    Monday, 11 May 2015 13:15

    Shafaq News / Iraqi military source said on Monday that fierce fighting toward the south side of Baiji is taking place, specifically in Albu Tohma village.

    The source told Shafaq News that Iraqi forces attacked ISIS in the vicinity of Albu Tohma village as clashes still ongoing in the meantime.

    He noted that the fighting in the vicinity of Baiji refinery is taking place now, but the presence of roadside bombs hinder the progress of the forces there.

  7. #7

    Re: The Dinar Daily, Monday May 11, 2915

    Iraq buys Russian weapons and helicopters worth $ 3 billion
    Monday, 11 May 2015 13:11

    Shafaq News / Russian reports revealed the determination of Iraq to purchase helicopters and sophisticated weapons from Russia with a total value estimated at $ 3 billion

    during the visit of Prime Minister , Haider al-Abadi this month.

    Reports said that the deal, which would be offered by the Iraqi Prime Minister ,Haider al-Abadi to Russian officials during his visit to Moscow is an old deal, impede being contracted with the Russian side, because of accusations of corruption for a number of Iraqi officials from the previous government.

    It is supposed that the deal includes Russian armament weapons that Iraq wants to get as a number of helicopters, tanks, armored vehicles, sniper weapons and techniques for night and medium vision.

    The Prime Minister ,Haider al-Abadi is visiting Moscow looking for joint cooperation in military, security and economic fields.

    Iraq and Russian Federation have concluded "arms deal" in 2012 to supply Iraq with weapons of various Russian, valued at $. 4.3 billion$-3-billion.html
    Last edited by RCookie-Legacy; 05-11-2015 at 11:59 AM.

  8. #8

    Re: The Dinar Daily, Monday May 11, 2915

    Barzani concludes his visit in Washington and arrives Hungary
    Monday, 11 May 2015 12:46

    Shafaq News / After ending his visit to the United States, President of Kurdistan region, Massoud Barzani arrived according to an official invitation to Budapest in Hungary

    and was received by Deputy Foreign Minister and a number of officials in the Ministry of Foreign Affairs.

    Barzani's visit comes as response to an official invitation.

    Barzani is accompanied in his visit by Masror Barzani , Adviser of Kurdistan Region Security Council, Minister of Peshmerga , Mustafa Sayid Qadir , Fouad Hussein, head of the Region’s Presidium, Minister of Construction , Derbaz Rasool and official of Department of Foreign Relations in Kurdistan Regional Government , Falah Mustafa.

  9. #9

    Re: The Dinar Daily, Monday May 11, 2915

    Allawi heads to Qatar as Iraq’s representative to participates in "the prospects of Arab Spring" conference
    Monday, 11 May 2015 12:18

    Shafaq News / The Iraqi Vice President of the Republic has left Baghdad on Monday, heading to the Qatari capital Doha to join the 15th forum at the head of a delegation

    that included a number of his advisers.

    A statement by the Media Office of Allawi received by Shafaq News, said that the forum, which is held under the auspices of the Emir of Qatar , Tamim Bin Hamad Al -Thani, for the period from 11-13 of this month, attended by more than 500 participants from 80 countries to discuss the prospects for what is known as the Arab Spring and its repercussions

    The statement added that Allawi will deliver a speech during the opening session related to the objectives of the Forum in "finding a rapprochement among the countries of the world through meetings to discuss issues in different visions, and promote positive dialogue for the sake of democracy-building to establish the rules of justice and equality."

    The statement noted that elite group of current Heads of State and Governments participate in the forum and attracts a number of the leaders of world , prominent intellectuals, politicians , decision-makers and members of parliament, businessmen, experts, academics and journalists, as well as representatives of civil society , regional and international organizations.

    The statement noted that the attendees will contribute to the free scientific discussion and many topics on the Forum's agenda, with a focus on the prospects of the Arab Spring and after the repercussions as well as democratization, the issues of collective security, regional and international stability, issues of human development, economy , business , energy, international cooperation areas, fateful issues, human rights and media and communication contemporary.

    The statement noted that the Iraqi delegation included adviser to Vice President , Luay al-Saidi and Saad Shwerid.’s-representative-to-participates-in-the-prospects-of-arab-spring-conference.html

  10. #10

    Re: The Dinar Daily, Monday May 11, 2915

    Iraq and Iran sign memorandum of understanding in labor and social affairs field
    Monday, 11 May 2015 10:52

    Shafaq News / The Ministry of Labor and Social Affairs announced on Monday, that it seeks to activate the signed executive program between them and the Iranian side in the framework

    of its efforts to develop international relations with the neighboring countries to contribute to the provision of better services to citizens.

    A statement of the ministry quoted the spokesman of the Ministry of Labour and Social Affairs , Ammar Menem, told Shafaq News that the ministry received the Iranian delegation headed by the Iranian Minister of Labour and well-being on Monday, to activate the executive program signed between the two sides, adding that the axes of the memorandum of understanding, to be signed in Baghdad , includes the exchange of expertise in many areas, including employment, vocational training and security and social protection.

    He pointed out that the memorandum will include vocational competence training field (management training centers, modern methods of training , training methodology based on efficiency, mobile and computer maintenance and survey and other training disciplines in the labor market), adding that it also includes the exchange of experiences to create a media leaders in several areas, including (photography , montage, journalist editing, the electronic press and websites, advanced courses in television presentation and news , talk shows and skills by voice and diction concentration, as well as training courses in the public relations field.

    Ammar said that the current orientations of the ministry aims to establish a democratic and style awareness and strengthen relations with the supporting organizations and social partners and draw long-term plans.
    Last edited by RCookie-Legacy; 05-11-2015 at 11:57 AM.

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