iraq coming along

[tmorr37]

Looks like I'm going to make some more money now
I have about 500,000 shares of each


Topic \ Some General Assembly meetings during the coming period

Company :
Credit Bank

History Meeting:

5\6\2008

Date of suspension in treding:
20 \ 5 \ 2008

Platform Meeting :
To discuss the financial statment of 2007

Capitalization the profits by offering 20 billion free shares to shareholders at a rate of 40% free shares
and 20 billion cash profits or 40% dividend



Also:

Topic \ Some General Assembly meetings during the coming period

Company :
Iraqi Middle East Bank for Investment

History Meeting:

29 \ 5 \ 2008

Baghdad

Date of suspension in treding:
15 \ 5 \ 2008

Platform Meeting :
To discuss the financial statment of 2007

Capitalization the profits by offering 11 billion free shares to shareholders at a rate of 35% free shares __________________

[tmorr37]

Here on 9/30/2007
This Iraq war thing is working out just fine

Dear Mr. xxx xxxxx,

Our number one priority is to make sure that the very best banking services and customer care is always provided to you.

Please find attached your details free capital shares for Warka Bank 64.5%.

And free capital shares for Credit Bank 100%.

And dividends from Credit Bank 13.49462%.

[tmorr37]

Dubai Summit Promises Bright Future for Iraqi Industry through Investment

http://www.iraqupdates.com/p_articles.php/article/30300


An exciting new phase of industrial development within Iraq was promised following the successful completion of the ‘Investing in Iraq’s Industry’ Summit in Dubai this week. The summit, organised by the Iraq Development Program under the Iraqi Ministry of Industry & Minerals and featuring over 85 officials including Minister Fawzi Hariri, brought the international business community to the UAE to hold discussions with director generals from Iraq’s various state owned companies.
The development of industrial sectors such as cement, iron and steel, engineering, fertiliser, glass and ceramics, mechanical industries, automotive industries, electrical industries and information systems is seen as essential to enabling Iraq’s economic transformation, as it seeks to change from a state controlled economy to a more free market based approach.
Negotiations were held over the course of the two days between state company director generals and international operators to determine the level of investment needed to bring the various factories and plants towards capacity.
Organised in formal partnership with the US Task Force for Business & Stability Operations in Iraq, the summit welcomed US Deputy Under Secretary of Defence Paul Brinkley, who joined Minister Hariri in the opening address. Mr Brinkley leads the Task Force, which has been working with the Government of Iraq to restore production in Iraqi industry and to facilitate private direct investment, global supply agreements and joint ventures in Iraq. Mr Brinkley said that Iraq is now in a much better position to negotiate with potential investors.
“We are really seeing a groundswell at the moment. It is leading edge, with the most risk-oriented investors now coming in,” he said. “The event provides the evidence that Iraq is now open for business.”
The summit heralds the start of a process of commercialisation designed to eventually bring about similar economic benefits to those provided by fully fledged privatisation. Minister Hariri, whose vision and leadership enabled the summit to take place, proclaimed the event as a natural progression, following the issuing of a small number of tenders in 2007.
Iraq’s Ministry of Industry & Minerals consists of 60 companies, with around 240 factories and plants located throughout the country. It is estimated that around $2 billion needs to be generated to bring these facilities up to date. Minister Hariri has already declared that the Ministry is “making all of Iraq’s state owned enterprises available for partnerships with the private sector,” adding that despite the many challenges faced within the country the rewards for potential investors are considerable.
It is anticipated that a number of other joint ventures will be signed in the coming weeks, following the successful negotiations enjoyed at the summit.

[eric_t12]

full-fledged privatization will be difficult when their constitution lists nearly everything as a 'responsibility of the state.'

other than that, good for iraq...

[tmorr37]

May 6, 2008

The Iraqi government has ordered 30 Boeing 737 commercial airplanes in a deal worth up to 2.2 billion US dollars and taken options on 10 more, the two parties announced Monday.

Iraq also is "finalizing an agreement" to buy 10 of Boeing's new 787 Dreamliners, the touted long-range aircraft whose deliveries have been delayed until the second half of 2009.

Iraq's order for 30 Boeing 737-800 aircraft marked "the first step in re-establishing that country's scheduled commercial aviation operations," they said in a joint statement. The deal is valued at 2.2 billion US dollars at current list prices.

Iraq has also contracted options for 10 additional 737s, at a list price of 747,500 US dollars.

In addition, Iraq and Boeing are finalizing an agreement for 10 of Boeing's new 787 fuel-efficient Dreamliners, the statement said. That deal would be worth 1.6 billion US dollars.

The huge order was unveiled by the Iraqi government on March 31 but the exact terms were not disclosed.

Boeing said the order for 30 737s was previously accounted for on Boeing's website, attributed to an unidentified customer.

[tmorr37]

The new law aims to protect investors
BAGHDAD - Hussein Star
The head of the Securities Abdulrazzaq Al-Saadi need to investor protection and the application of the principle of transparency in the work of the Commission, the market and companies working with it.
He said in an interview with "morning" during the conference convened by the Commission and attended by representatives of companies operating in the area of capital and a number of experts and concerned with this area to discuss the new law




Said: "The draft law was in conformity with the principles set by the World Organization of financial markets, law and went to identify bodies and the regulatory and administrative organization of the body and determine the mechanisms of financial, investment and operating companies working in the area of money in Iraq.

[tmorr37]

The M2 numbers for Feb have just been posted.
M2 Jan was 27,037
M2 Feb was 25,342
It is in billion of Dinars so it was a 2 trillion Dinar reduction.
http://www.cbiraq.org/key%20financial.xls
Can't wait to see Mar numbers.
Regards,

[tmorr37]

U.S. Poised To Strike “Al Quds In Iraq” Base In Iran
Quote:
The US military is drawing up plans for a “surgical strike” against an insurgent training camp inside Iran if Republican Guards continue with attempts to destabilise Iraq, western intelligence sources said last week. One source said the Americans were growing increasingly angry at the involvement of the Guards’ special-operations Quds force inside Iraq, training Shi’ite militias and smuggling weapons into the country.
Despite a belligerent stance by Vice-President Dick Cheney, the administration has put plans for an attack on Iran’s nuclear facilities on the back burner since Robert Gates replaced Donald Rumsfeld as defence secretary in 2006, the sources said.
However, US commanders are increasingly concerned by Iranian interference in Iraq and are determined that recent successes by joint Iraqi and US forces in the southern port city of Basra should not be reversed by the Quds Force.
“If the situation in Basra goes back to what it was like before, America is likely to blame Iran and carry out a surgical strike on a militant training camp across the border in Khuzestan,” said one source, referring to a frontier province.
They acknowledged Iran was unlikely to cease involvement in Iraq and that, however limited a US attack might be, the fighting could escalate.
Although American defence chiefs are firmly opposed to any attack on Iranian nuclear facilities, they believe a raid on one of the camps training Shi’ite militiamen would deliver a powerful message to Tehran.
British officials believe the US military tends to overestimate the effect of the Iranian involvement in Iraq.
But they say there is little doubt that the Revolutionary Guard exercises significant influence over splinter groups of the radical cleric Moqtada al-Sadr’s Mahdi Army, who were the main targets of recent operations in Basra.
The CBS television network reported last week that plans were being drawn up for an attack on Iran, citing an officer who blamed the “increasingly hostile role” Iran was playing in Iraq.
The American news reports were unclear about the precise target of such an action and referred to Iran’s nuclear facilities as the likely objective.
According to the intelligence sources there will not be an attack on Iran’s nuclear capacity. “The Pentagon is not keen on that at all. If an attack happens it will be on a training camp to send a clear message to Iran not to interfere.”
President George W Bush is known to be determined that he should not hand over what he sees as “the Iran problem” to his successor. A limited attack on a training camp may give an impression of tough action, while at the same time being something that both Gates and the US commander in Iraq, General David Petraeus, could accept.

http://patdollard.com/2008/05/us-poi...-base-in-iran/

[Etta Place]

So, all of this taxpayer money (borrowed from China and elsewhere) spent on the war in Iraq has been worthwhile because some people will get rich off of it?

[tmorr37]

Originally Posted by Etta Place

So, all of this taxpayer money (borrowed from China and elsewhere) spent on the war in Iraq has been worthwhile because some people will get rich off of it?

Because freedom and Democracy will crush Islamic extremism