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Iraq News

Bush says some 'satisfactory' progress in Iraq

7/12/2007 President George W. Bush's administration will declare in a key report that "satisfactory" progress is being made in Iraq on less than half of the political and military goals set out by Congress, US newspapers said Thursday.
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'Challenging' security picture persists in Iraq

7/12/2007 From staff and wire reports WASHINGTON — Iraq's government has yet to fully meet any of 18 U.S.-specified benchmarks for progress, but is making "satisfactory progress" on at least eight, according to an interim White House report released Thursday.
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Global Investment House says Iraqi banks’ assets grew 25%

7/12/07 The Iraq banking infrastructure is not yet fully utilised, said the Kuwait-based Global Investment House (GIH) in its report, cited by Qatari newspaper Al-Sharq, on economic strategies and future vision in Iraq.
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The dollar-IQD devaluation following IMF program

6/12/07 An Iraqi economic expert attributed the continuing high conversion rate of the Iraqi dinar and the relative decrease in the value of the dollar to the adoption of strict monetary and fiscal policies by the government.
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US to reoperate 200 abandoned facilities in Iraq

7/11/2007 MENAFN) The American Defense Department has initiated a campaign to reoperate about 200 factories and facilities in Iraq, which were owned by the former regime and abandoned after the 2003 US-led invasion of Iraq, the Associated Press reported.
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Iraq says 200 explosive belts seized on Syrian border

7/11/2007

Iraq says 200 explosive belts seized on Syrian border, US says Syria still major entry point

The Associated Press
Tuesday, July 10, 2007
BAGHDAD: Iraqi security forces seized 200 explosive belts Wednesday along the Syrian border, a police spokesman said, reinforcing Baghdad's claims that its western neighbor isn't doing enough to stop the flow of fighters and weapons to al-Qaida in Iraq.

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Iraq Economic & Strategic Outlook Banking Sector

7/11/07
Iraq Economic & Strategic Outlook – Banking Sector – Although the banking sector in Iraq is key to economic growth and the rapid development of the country, the banking infrastructure is not fully functional yet. Iraq does not have a developed banking sector and regulation is relatively rudimentary. This is due to the fact that bank branches are currently executing only limited transactions.

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Settlement Bank

7/11/07 An agreement between Iraq stock exchange and the Middle East for Investment Bank has been made, this agreement select the Middle East for Investment Bank to be the settlement bank for shares trading operations.
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Bush Plans To Stress Next Phase In Iraq War

7/10/2007
GOP Dissent Spurs Change In Message but Not Course
By Peter Baker and Karen DeYoung Washington Post Staff Writers Tuesday, July 10, 2007; A01

President Bush, facing a growing Republican revolt against his Iraq policy, has rejected calls to change course but will launch a campaign emphasizing his intent to draw down U.S. forces next year and move toward a more limited mission if security conditions improve, senior officials said yesterday.

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Bush Says U.S. Can Still Prevail in Iraq

7/10/2007 Edwin Chen and Roger Runningen 18 minutes ago July 10 (Bloomberg) -- President George W. Bush, confronted by a spreading Republican revolt over his Iraq strategy, said the U.S. still can prevail in the conflict and bring about a stable democracy there.
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Official: Iraq gov't missed all targets

7/10/2007 By ANNE FLAHERTY and ANNE GEARAN, Associated Press WritersTue Jul 10, 7:53 AM ET A progress report on Iraq will conclude that the U.S.-backed government in Baghdad has not met any of its targets for political, economic and other reforms, speeding up the Bush administration's reckoning on what to do next, a U.S. official said Monday.
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