The Dinar Daily, Friday June 5, 2015
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  1. #1

    The Dinar Daily, Friday June 5, 2015

    CENTRAL BANK OF IRAQ

    CURRENCY CODE SELL BUY
    US dollar USD 1166.000 1164.000


    CURRENCY CODE SELL BUY
    US dollar USD 1166.000 1164.000
    Euro EUR 1298.224 1297.575
    British pound GBP 1782.114 1781.223
    Canadian dollar CAD 937.601 931.132
    Swiss franc CHF 1244.530 1243.908
    Swedish krona SEK 138.615 138.545
    Norwegian krone NOK 148.973 148.899
    Danish krone DKK 174.032 173.945
    Japanese yen JPY 9.415 9.410
    Special
    Drawing Rights
    SDR 1629.240 1628.426

    Indicative rates - (as of) 04.06.2015 (no change as of 04.06.2015)


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2964 - most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 03/06/2015 and the results were as follows: (no change as of 05/06/2015)

    DETAILS NOTES
    Number of banks 21
    Number of remittance companies 3
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 153,688,000
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 153,688,000
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 06-06-2015 at 11:15 AM.



  2. #2

    Re: The Dinar Daily, Friday June 5, 2015





    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

    and

    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
    CBI.iq 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
    DINAR OBSERVER DAILY
    – highlights page 94 of the quarterly SIGR report to THE US CONGRESS in April of 2012…
    __________________________________________________ _____________

    THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

    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″..

    __________________________________________________ ______________

    AND

    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

    waradana.com

    And

    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.

    http://www.iraqhurr.org/content/article/26666313.html

    and

    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.

    ARTICLE LINK

    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.

    http://articles.latimes.com/1991-03-..._kuwaiti-banks


    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,
    Kevin

  3. #3

    Re: The Dinar Daily, Friday June 5, 2015



    Drone aircraft crashed after hit by defect in Zubair District, Basra

    By Amre Sarhan - Jun 5, 2015

    (IraqiNews.com) Basra – On Thursday, a security source in Basra province said, that an unmanned aircraft has crashed in the desert area in al-Zubair District, expecting it to be an American drone that was hit by a defect while heading to Ramadi in the province of al-Anbar.

    The source informed IraqiNews.com, “An unmanned aerial vehicle (UAV) spontaneously fell and crashed in the desert area of al-Lahis located within the adminstrative borders of al-Zubair District in the province of Basra,” pointing out that, “The incident only occurred a few days ago, and an investigation committee has been formed to accurately identify the origin of the aircraft.”

    “The drone was apparently coming from Qatar and heading to al-Anbar,” the source added.

    http://www.iraqinews.com/iraq-war/drone-aircraft-crashed-hit-defect-zubair-district-basra/

  4. #4

    Re: The Dinar Daily, Friday June 5, 2015



    Car bomb injures 5 people including police elements in southern Baghdad

    By Amre Sarhan - Jun 5, 2015

    (IraqiNews.com) Baghdad – On Thursday, a source within the police force revealed, that a car bomb explosion resulted in wounding 5 people in the area of al-Bayah in southern Baghdad.

    The source told IraqiNews.com, “A booby-trapped vehicle that was parked near the industrial area has exploded in the area of al-Bayah in southern Baghdad,” noting that, “The explosion resulted in injuring 5 people including two civilians and three elements of the federal police.”

    “Ambulances transferred the injured to a near hospital for medical treatment,” the source added.

    http://www.iraqinews.com/iraq-war/car-bomb-injures-5-people-including-police-elements-southern-baghdad/

  5. #5

    Re: The Dinar Daily, Friday June 5, 2015



    Security forces repel ISIS attack on army headquarters south of Fallujah

    By Amre Sarhan - Jun 4, 2015

    (IraqiNews.com) al-Anbar – On Thursday, a security source in Anbar province said, that the Iraqi security forces had managed to repel an attack by ISIS militants in south of Fallujah.

    The source, who spoke on condition of anonymity, informed IraqiNews.com, “This afternoon, a force from the rapid interventions units had managed to repel an attack carried out by ISIS militants on army headquarters in the area of al-Naimiyah, located in south of Fallujah,” pointing out that, “The violent clashes, which erupted between the two sides, resulted in the killing of 4 ISIS elements and the destruction of 4 armored vehicles for them in the area.”

    “The force had pushed the remaining ISIS elements to withdraw into the city,” the source added.

    http://www.iraqinews.com/iraq-war/security-forces-repel-isis-attack-army-headquarters-south-fallujah/

  6. #6
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    Re: The Dinar Daily, Friday June 5, 2015

    Arbil government decides to sell oil to calculate the Kurdistan oil revenues



    BAGHDAD / Baghdadi News / ... decided the Kurdistan Regional Government, on Friday, the sale of crude oil from the fields of the region directly, and its revenues back to its own account.

    According to a statement received in Kurdish / Baghdadi News /, a copy of which reads that "the regional council for oil and gas in the Kurdistan decided to directly sell oil and its revenues go to the province's private bank account entitled Kurdistan oil revenue fund."

    The statement added that "regional council instructed the ministries of natural and financial resources and the economy in the provincial government in coordination with each other in order to complete the government's decision in this regard," .anthy 21 / m

    http://www.albaghdadianews.com

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    Re: The Dinar Daily, Friday June 5, 2015

    OPEC is aiming to continue pumping despite the ongoing global supply glut



    Baghdad / follow-up Baghdadiya News: .. moving OPEC on Friday to continue the policy of oil production without restrictions for another six months, ignoring warnings of a second collapse in prices with the aspiration of some members like Iran to increase exports.

    Organization of Petroleum Exporting Countries and the renewal of oil in the case of its agreement to maintain the current production ceiling of support for the way the market shocks initiated late last year when Saudi Arabia, the largest oil exporter in the world it will not cut production to keep prices high treatment.

    And a rebound in oil prices more than a third after it posted its lowest level in six years when it reached $ 45 a barrel in January, the officials gathered in Vienna do not see a justification for modifying the strategy seems to be revived weak in the world's oil consumption growth and curbed shale oil boom in the United States.

    Saudi Oil Minister Ali al-Naimi said he was "completely satisfied with the situation in the oil market, according to Al-Hayat newspaper reported on Friday."

    Al-Naimi told the newspaper that "the market is witnessing an increase in oil demand and a slight improvement in global growth and the supply of non-members of OPEC may decline."

    Analysts wrote in Oxford Akonomax "In the short term at least, the new policy is successful."

    OPEC not rush address difficult questions will crop up in the coming months with willing members such as Iran and Libya to re-open the taps after years of decline Alanteg.anthy 21 / j Agencies

    And will press the Iranian Oil Minister Bijan Zanganeh on the organization to get assurances that the other members of Sevshon field to increase the supply of up to one million barrels per day as soon ease Western sanctions but is unlikely to enter into a fight now.
    OPEC delegate told Reuters: "I do not think it would be a dialogue of this nature."

    "When production comes resolved this issue themselves." That may not happen before 2016, according to many analysts are skeptical Tehran's ability to win quick lifting of sanctions will allow it to export more crude.

    Libya hopes that suffer from armed conflict in lesbian to increase production to about one million barrels per day in September, in the case of restart major ports but previous efforts have not achieved a sustained recovery in shipments.

    It does not appear that there is an interest to amend the official production ceiling of the Organization of 30 million barrels per day, in line with the new order NightWatch. Production and beyond that limit most of the past year and reached 31.2 million barrels per day in May, according to a Reuters survey its highest level in three years.

    OPEC delegate said, "if they raise the production ceiling prices will drop and we do not want that."

    The decline in oil prices anyway dealers expect a decision constantly policy unchanged and is moving with the US crude futures to record weekly decline for the first time since March.

    She was the American oil industry arbitrator durability greater than expected by many where helped reduce costs in maintaining the boom.
    And it stabilized oil markets in cautious trade on Friday ahead of OPEC's decision and recorded Brent around $ 62 a barrel.

    http://www.albaghdadianews.com

  8. #8
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    Re: The Dinar Daily, Friday June 5, 2015

    Abdul-Mahdi is expected to increase the price of a barrel of oil to $ 75



    Baghdad / Baghdad Uz:..touka Oil Minister Adel Abdul Mahdi, on Friday, the high price of a barrel of crude oil to $ 75 at the end of this year.

    Abdul-Mahdi said in a press statement I followed / Baghdadi News / "We expect that prices are rising and demand and crude oil prices heading towards $ 75 a barrel by the end of this year."

    He added that "all options will be discussed by ministers of the Organization of Petroleum Exporting Countries meeting countries Petroleum (OPEC) today in Vienna to discuss production policy."

    It is said that oil prices are down from a three-day, with all eyes to the top of the OPEC oil ministers in Vienna to see the organization decide on the volume of production. It ended 21 / d

    http://www.albaghdadianews.com

  9. #9
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    Re: The Dinar Daily, Friday June 5, 2015

    Salahuddin is seeking to move the file from its investment through two conferences, one international



    Twilight News / seeking investment Salahuddin province body re-prioritize investment projects after nearly a year of downtime in most areas because of the dominance of the "Daash" over large areas last summer, taking advantage of the two conferences investment funds an international one of them to bring the heads money under the financial crisis experienced by the country.

    The head of the Ammar Jabr said in an interview for Twilight News, "The investment Salahuddin body will attend on Saturday at an investment conference organized by the Ministry of State for Provincial Affairs in the Kurdistan Region in the presence of Chairman of the National Authority for Investment and the relevant aspect of investment, and we will work to put the currently available in Salahuddin investment projects Some are of great significance for investors. "

    Between algebra and that "there are new investment projects in the Salah al-Din will have a significant economic importance of the establishment of cement plants as well as put forward the establishment of a chance Salahuddin civil airport investment after it has been the completion of all legal procedures and obtaining official approvals."

    Jabr said that "Investment Authority Salah al-Din will be attending in September next important investment conference to be held in the British capital London and will offer important investment opportunities to foreign investors."

    The federal government directed all the provinces need to activate the investment side stability with low oil prices in world markets and the non-allocation of funds within the federal budget for 2015 to the implementation of new projects.

    http://www.ara.shafaaq.com

  10. #10
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    Re: The Dinar Daily, Friday June 5, 2015

    Maysan province sign an investment contract for the establishment of a residential complex in the city of Amarah

    (Independent) / Eman Kassem al-Lami / .. declared governor of Maysan province Ali Douai necessary for the conclusion of a contract between the municipality and the Directorate of Architecture Company (albumin Iran) Iranian investment for the implementation of the project to establish a residential complex of 155 housing units at a cost exceeding $ 7 million.

    The governor of Maysan in signing the contract for the conference, told reporters: "It was signed contract for the construction residential complex by 155 housing units for the staff of the provincial council and the Integrity Commission in Missan that the project will be implemented on an area of ​​24 acres and the duration of the work of twenty months.

    He added that the province of Maysan and annual plans within the housing sector has attached great importance during the implementation of a number of housing projects that have reached an advanced achievement in its rates as well as future projects for the sector.

    Noting: This project is a step towards moving out of Maysan complete construction and ages march taking place in the province and in various sectors and areas in order to raise the profile of the city as well as economic supplied jobs for the people of the province.

    Douai called "investment companies to invest and implementation of housing complexes for other departments after the allocation of plots by the clipboard ...

    Stressing "the need to continue to work is continuing around for the success of investment operations in the province and to work for Sir investing the right way with the provision of facilities for investment companies and investment functions in Maysan and overcome the red tape that blocking their way. (End)

    [URL="Maysan province sign an investment contract for the establishment of a residential complex in the city of Amarah
    57 Show June 5, 2015 11:11
    (Independent) / Eman Kassem al-Lami / .. declared governor of Maysan province Ali Douai necessary for the conclusion of a contract between the municipality and the Directorate of Architecture Company (albumin Iran) Iranian investment for the implementation of the project to establish a residential complex of 155 housing units at a cost exceeding $ 7 million.

    The governor of Maysan in signing the contract for the conference, told reporters: "It was signed contract for the construction residential complex by 155 housing units for the staff of the provincial council and the Integrity Commission in Missan that the project will be implemented on an area of ​​24 acres and the duration of the work of twenty months.

    He added that the province of Maysan and annual plans within the housing sector has attached great importance during the implementation of a number of housing projects that have reached an advanced achievement in its rates as well as future projects for the sector.

    Noting: This project is a step towards moving out of Maysan complete construction and ages march taking place in the province and in various sectors and areas in order to raise the profile of the city as well as economic supplied jobs for the people of the province.

    Douai called "investment companies to invest and implementation of housing complexes for other departments after the allocation of plots by the clipboard ...

    Stressing "the need to continue to work is continuing around for the success of investment operations in the province and to work for Sir investing the right way with the provision of facilities for investment companies and investment functions in Maysan and overcome the red tape that blocking their way. (End)"]

    http://www.mustaqila.com

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