InfoAnda - Iraq: Oil prices may drag budget lower

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

POSCO says no longer considering Ukraine mill buy | 23 June 2010
The Artist paints golden picture at Oscars | | 27 February 2012
Suicide bombers attack Kabul | 11 February 2009

U.S. Markets Finish Higher On Oil, Gold Stocks | 30 March 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : Iraq: Oil prices may drag budget lower

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Iraq: Oil prices may drag budget lower By BRIAN MURPHY,Associated Press Writer AP - Sunday, March 1 BAGHDAD - Iraq's parliament pushed back voting Saturday on this year's budget and could be forced to make further cuts because of falling oil prices. ADVERTISEMENT The latest delay in trying to ratify the current $64 billion budget proposal highlights the financial squeeze facing Iraq as declining oil revenues cut into reconstruction plans such as new roads and improved utilities _ which the Shiite-led government hopes to use as showcases in national elections later this year. The pinch has also brought calls by Prime Minister Nouri al-Maliki for proposals to diversify Iraq's oil-dependent economy with expansion of agriculture and other trade. But Iraq's plans for this year have been dragged down along with the price of oil, which is now less than $45 a barrel after hitting highs last summer of $150 a barrel. A Sunni lawmaker, Ayad al-Samarraie, predicted the budget will face more trimming after several previous cuts from its original $79 billion. The current budget is based on a $50 a barrel projection. "We don't expect that oil will reach this price," said al-Samarraie, a member of the chamber's financial committee. He urged lawmakers to take a comprehensive look at all spending, suggesting that more money go to electricity and other public projects at the expense of deeper cuts in other areas. Shatha al-Mousawi, the Shiite member of the finance committee, called for possible sharp reductions in the National Security Adviser office, which was established shortly after the fall of Saddam Hussein in 2003. She said it has 377 employees and suggested cutting it to just 16. "The studies and reports show that the falling oil prices will continue for two or three years," she said. It was unclear when the budget could eventually come for a vote. Army Lt. Gen. Frank Helmick, commander of Multi-National Security Transition Command, told The Associated Press that the budget crisis would force Iraq to make some very difficult decisions about how to grow its security forces. "They are many, many hard decisions that they are going to have to make," he said. He said U.S. military advisers have been making recommendations to the Iraqi security officials on possible ways to deal with the shrunken budget. An example, Helmick said, could be reducing the number of Abrams tanks sought by Iraqi forces. He said essential services such as Iraqi police and military payroll, electricity and water could not be cut. In Diyala province northeast of Baghdad, Iraqi forces arrested 11 suspected insurgents including the so-called "oil minister" of the self-styled Islamic State of Iraq, a purported political faction linked to al-Qaida in Iraq. An Interior Ministry statement said Ali Mahmoud Mohammed and 10 other suspected insurgents were arrested in a raid in a Diyala village. No other details were given. An al-Qaida front group announced the formation of an "Islamic Cabinet" in April 2007 in a bid to challenge the Iraqi government. The Cabinet purportedly includes the leader of al-Qaida in Iraq as "war minister." Iraqi authorities accuse Mohammed of hijacking oil tanker trucks, kidnapping and killing the drivers and blowing up oil pipelines. In Baghdad, the head of the Iraqi High Tribunal said a mid-April trial date is planned for the first war crimes trial of Iraqis since the U.S.-led invasion. Two members of Saddam's former Baath Party are accused of executing two British soldiers taken captive by a mob in southern Iraq in 2003. The exact trial date has not been set, said Aref al-Shaheen, the head of the Iraqi High Tribunal, which was set up to hear the cases against members of Saddam's regime. The trials of Saddam and others have been under charges of crimes against humanity. "It is the first case of war crimes ... The two wounded soldiers were killed instead of given medical treatment," said al-Shaheen. At least 15 U.S. troops died in Iraq in February, including 12 who were killed in combat, according to an Associated Press tally. That compared with nine U.S. combat deaths in January. A report from Iraq's Interior and Health ministries said 211 civilians were killed and 437 wounded in February _ compared with 138 killed and 303 wounded in January. The figures were given by officials from the ministries who spoke in condition of anonymity because they were not authorized to release the information. ___ Associated Press writers Sameer N. Yacoub, Sinan Salaheddin and Chelsea J. Carter contributed to this report. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: World Afghan contender criticises Karzai's poll decreeReuters - 58 minutes ago US Marine dies in Iraq's Anbar provinceAP - 1 hour 6 minutes ago Obama challenges lobbyists to legislative duelAP - 1 hour 39 minutes ago Hariri tribunal to open its doors in The HagueAFP - 1 hour 52 minutes ago ASEAN leaders call for joint action on crisisReuters - 2 hours 25 minutes ago Most Popular – World Viewed Supermodel Bundchen ties knot with football star Brady Volkswagen to cut all temporary staff RBS posts record British loss, offloads toxic assets US economy shrinks stunning 6.2 percent Mexico's Pemex declares 7 bln dollar loss View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Sunday, 1 March 2009
Israel's Netanyahu gives up on alliance with Livni | International |
Kiddie TV Show's One-Armed Host Stirring Debate in UK
Afghan president says polls to be held by May | International |
Chavez orders army takeover of Venezuela rice mills | International |
Iran says U.S.-led forces plan to stay in Iraq | International |
U.N. court to ask Lebanon to hand over generals: report | International |
Japan and China seek agreement beyond islands row | International |
Intel, TSMC to unveil strategic tie-up on Monday | Technology |
Buffett Predicts Economy 'In Shambles' For Rest Of 2009
Republicans Praise Obama's Iraq Plan, Say Bush Deserves Credit
Bankers Association Head Slams State Of The Union Accusations
Kiddie TV Show's One-Armed Host Stirring Debate in UK
Hariri tribunal to open its doors in The Hague
El Salvador honors soldiers who served in Iraq
Afghan contender criticizes Karzai's poll decree | International |
Iraq: Oil prices may drag budget lower
Clinton dives into Arab-Israeli peacemaking | International |
Obama's balancing act on Iraq withdrawal strategy
ECB to pioneer record low rates: analysts
South Korea's Lee calls on North to stop missile plans | International |
China plans space station with module launch in 2010
Abbas insists on leading Gaza rebuilding
Mexican troops reinforce besieged border city | International |
EU leaders seek united front amid protectionism fears
U.N. court to ask Lebanon to hand over generals
Special tribunals to try Bangladesh mutineers | International |
Swiss minister hints at 'concessions' on banking secrecy
Americans relieved as Obama pledges Iraq wind down
Chavez orders army to seize Venezuela rice mills | International |
SEC accuses Stanford of Madoff-type scam
Firebomb thrown at crowded Cairo metro station
Kremlin faces local vote test as opposition cries foul | International |
Berkshire Hathaway buffeted by downturn
Shark injures teen off popular Australian beach | International |
Czech PM urges EU leaders not to "beggar thy neighbour"
WITNESS: Reporting from behind China's Himalayan curtain | International |
Clinton leaves for Mideast, Europe to soothe allies
Chavez rejects US report on drug trafficking
US military deaths in Iraq war at 4,253
North Korea Issues Threatening Warning To U.S. Troops
Chavez says Obama same as Bush on drug war
Three Die In Wyoming Avalanche
Amazon lets authors mute Kindle books read-aloud feature
China's Wen makes Internet debut
US-TECH Summary
Intel, TSMC to unveil strategic tie-up on Monday
Depeche Mode debuts season-pass model on iTunes
EU leaders seek united front amid protectionism fears
Spain heads to the polls in regional elections
Famed U.S. broadcaster Paul Harvey dies at age 90 | Entertainment |
China toughens laws on corruption, insurance: reports
Bangladesh border guards return to HQ after mutiny
Fears gale-force winds will whip up Australian wildfires
ASEAN leaders urge economic reform, cooperation
Iran wants apology from Hollywood team
Australian gang film pulled from cinemas after brawls
Wen warns economic crisis spreading in China
Global Weather-Celsius
S.Korea export slump eases in Feb, but outlook grim
Weather forecast for the Asia-Pacific region
India's Reliance Industries to absorb refining unit, create giant
Economic, social fears to dominate China parliament
Thai PM: Southeast Asia faces severe economic test
New anthem strikes a chord in SEAsia
US-ENTERTAINMENT Summary
Famed U.S. broadcaster Paul Harvey dies at age 90
Jonas Brothers surprise fans at NY movie theater
Milan fashion has jungle beat
Fans stunned by Rihanna-Chris Brown reconciliation
Iran wants apology from Hollywood team
Africa's biggest film festival gets underway
Slumdog child star slapped for refusing interview: report
Israel vows 'severe' answer to Gaza rocket fire
Hariri tribunal opens its doors in The Hague
Iran has enough nuclear fuel to make bomb: U.S. | International |
Mideast peace envoy Blair makes Gaza visit | International |
Mideast envoy Blair makes first Gaza visit
Court opens in assassination case of Lebanon ex-PM | International |
Hariri tribunal gets underway in The Hague
New UBS chief signals flexibility on tax evasion: report
Iran and Syria to boost trade | International |
O'Driscoll fights shy of rugby Slam talk
Zimbabwe MDC activists freed on bail: lawyer | International |
Clinton leaves for Mideast, Europe to soothe allies
Medvedev sees no 'dramatic' change in Russia from crisis
Obama picks Kansas governor for health post
Russia expecting new US missile defence proposals
Obama envoy in UAE on Mideast peace mission
CeBit aims to entice cash-strapped consumers | Technology |
US Marine dies in Iraq's Anbar province
Five People Stabbed Outside Manhattan Night Club
CeBit aims to entice cash-strapped consumers
Obama To Introduce Kansas Governor As Health Secretary
Sensitive Security Information About President's Helicopter Sent To Iran
Warren Buffett Admits Major Mistake, Sees Economy In Shambles In 2009
British team trek to North Pole to measure sea ice
Bangladesh charges 1,000 guards in mutiny massacre
Suspected U.S. missile attack kills 8 in Pakistan
Pakistan: Suspected US missiles hit northwest
U2 album a hit, Bono campaigning a miss: critics | Entertainment |
Bangladesh says 1,000 mutineers wanted for murder
Bangladesh plans tribunal for mutiny massacres
Tibetan monks protest in restive West China
Pakistani cleric seeks prisoners' release in Swat
China plans first space docking for 2011
Beijing Palace Museum curator visits Taiwan
China lunar probe mission ends with planned crash
Thai PM: economy to slide further in 1st quarter
Thai economy to contract further in Q1: PM
SKorea swings to 3.29 billion dollar surplus
Cinema chain cancels movie over Sydney violence
Siegfried and Roy in farewell appearance
'No regret' for Afghanistan veteran double amputee
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01