OIL 101: ENERGY ECONOMICS
OIL 102: PEAK CHEAP OIL
OIL 103: SHALE OIL
OIL 104: ENERGY & THE ECONOMY
CENTRAL BANKING 101: COMING SOON
CENTRAL BANKING 102: COMING SOON
CENTRAL BANKING 103: COMING SOON
CENTRAL BANKING 104: COMING SOON
MONEY 101: MONEY CREATION
MONEY 102: MONEY AS DEBT
MONEY 103: COMING SOON
MONEY 104: COMING SOON

Activity Stream

Filter
Sort By Time Show
Recent Recent Popular Popular Anytime Anytime Last 24 Hours Last 24 Hours Last 7 Days Last 7 Days Last 30 Days Last 30 Days All All Photos Photos Forum Forums Articles Articles
  • harry's Avatar
    Today, 08:35 AM
    Parliamentary Finance: The government appealed against the budget with respect to the interests of the people and reduce the privileges of officials Tue, March 31 / March 2015 15:52 Parliamentary Finance Committee announced the formation of a joint committee with the legal representative of the pleading to the Federal Court regarding the appeal lodged by the Council of Ministers regarding the items added by the House of Representatives in the fiscal budget for 2015 Act. He said the financial decision of the parliamentary Masood Haider told all of Iraq "We discussed today in the appeals made by the Council of Ministers to the Federal Court on the additives in the budget bill, which is up to 17 articles were discussed and it was decided that the House of Representatives to respond to this appeal and Serafa at Court Federal them. " He said the "government challenged materials in the budget is in the interest of the poor and the concerns of the Iraqi people and the shrinking of the privileges of ministers and officials and restore public money the federal state, but the Cabinet challenged Among these materials Article 48 and there are other materials relating to recruitment, banks and determine the amount of central bank public auction for the sale of the dollar. " He stressed that the parliamentary financial decision, "everything has been added to the Finance Committee for the Law of the budget is the interests of the Iraqi people and the two sides in the fight against corruption and to prevent money laundering and reduce the privileges of officials, but they are appealing in these materials." He added, "we will defend what feet of the Commission," noting that "everything that has been of the parliamentary finance committee is transfers between the doors of the budget according to the Constitution and to reduce the amounts and within the powers of the House of Representatives, according to the constitution." The Council of Ministers decided in its meeting on March 10 of this appeal in all legal material added by the House of Representatives on the state budget for the 2015 law, which has not been submitted to the Cabinet was provided by the Council of Ministers in the draft submitted to the House of Representatives. It also decided in its meeting on 17 of this month wait to work with paragraphs objectionable from the federal budget for the year the law in 2015 until the resolution of the case, and this is not to issue instructions to paragraphs Interceptor obtained from the relevant ministries and suspended in the event of issuance until the resolution of the case above. It is said that Article 48 of the budget approved by the House of Representatives on 29 January last, and ratified by the Presidency of the Republic Act stipulates that "the reduction allocated to senior officials in the state and reduce maintenance expenses allocated and fuel amounts and include the three presidencies and their deputies, ministers, deputy ministers and directors-general and their grade with no promotion of any pension treatment until after discharge from state property movable and immovable property and retroactively from the date of 9/4/2003. " Budget that the law also provides for "the central bank is committed to identifying sales of hard currency in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of goods and Data tax settling accounts and saving documents Alkmarki through 30 days from the date of purchase of the amount and otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued i , and use other banking tools to maintain the strength of the dinar against the dollar http://www.alliraqnews.com/2011-04-18-02-57-37/174728-2015-03-31-12-42-36.html
    0 replies | 26 view(s)
  • harry's Avatar
    Today, 08:30 AM
    Parliamentary Energy: We have received a letter from the government to adopt the draft oil and gas law in 2011 Tue, March 31 / March 2015 07:31 Received for the oil and energy parliamentary, a book from the government spends adoption of a draft oil and gas law, the 2011 edition. The committee member said Razak Mheibes, told all of Iraq : "" The committee has not yet decided with the Presidency read. " "The laws that can read Committee, are exempt foreign contractors and sub, fees contractors on the geographic area within the oil licensing rounds." He was a member of the Commission on oil and energy parliamentary Zahid al-Abadi, said 18 of this March, for , "The previous government had sent oil and gas Pencchth amended the law in 2011 was sent currently before the Commission on oil and energy to the prime minister and we are waiting for the answer from the government for the purpose of read within the Committee and submitted to the House of Representatives for the first reading, "noting that" the Commission demanding cabinet send to read it within the Commission and thus be submitted to the Presidency of the Parliament for inclusion on the agenda of the House agenda. " The Oil Minister Adel Abdul-Mahdi said in a 12 month in a statement that the absence of a law on oil and gas is the reason for the current stir the crises facing Alarac http://www.alliraqnews.com/2014-06-14-07-34-14/174579--2011-.html
    0 replies | 26 view(s)
  • harry's Avatar
    Today, 08:16 AM
    Parliamentary Security: There is a lot of pressure on al-Maliki about the lack of accountability of the fall of Mosul! Under section: political Dated: March 31, 2015 BAGHDAD / News Network Iraq revealed a member of the security and defense committee in Parliament MP Majid Ghraoui, on Tuesday, that the Commission of Inquiry fall of Mosul hit the barriers and political pressures shift from having called in senior officials, adding that the committee will fail in its mission that did not require all of whose name appears regardless of Official website and Alssayas.oukal Ghraoui in a statement: "The decision of the Commission to investigate the cause of the fall of Mosul to listen to senior officials in the case certificates will be as desired personal illogical and Amhenne, and not to call them, led by the Commander in Chief of the Armed Forces and former clear and definite evidence that the Commission comply with the pressures Political and therefore will report minus non-integrated, which would pull the Commission failed mission entrusted to it by the people ".oshdd Ghraoui that" the Commission confront Iraqi people boldly about those pressures do not even accused of complicity "is noteworthy that the committee formed to investigate the fall of Mosul summoned Governor Nineveh Ethel Nujaifi, on 10 March 2015 to identify the words, and hosted the director general commander of the armed forces of the former Office of the team Farouk al-Araji for recording their statements, while the oldest was the agent of the Ministry of the Interior former Adnan al-Asadi yesterday call Monday about the fall of the city. http://aliraqnews.com/%d8%b3%d9%8a%d8%a7%d8%b3%d9%8a%d8%a9/%d8%a7%d9%84%d8%a7%d9%85%d9%86-%d8%a7%d9%84%d9%86%d9%8a%d8%a7%d8%a8%d9%8a%d8%a9%d9%87%d9%86%d8%a7%d9%83-%d8%b6%d8%ba%d9%88%d8%b7-%d9%83%d8%a8%d9%8a%d8%b1%d8%a9-%d8%b9%d9%84%d9%89-%d8%b9%d8%af%d9%85/
    0 replies | 18 view(s)
  • harry's Avatar
    Today, 07:54 AM
    The recovery of more than one billion dinars were spent on the "fake projects," especially in Baghdad governorate Tue, March 31 / March 2015 10:13 Twilight News / Integrity Commission announced on Tuesday, the success of the investigative procedures to retrieve more than one billion dinars were spent on a private Baghdad governorate fake projects. In a statement to the Board, stated for "Twilight News", said the investigations department in the Commission reported in Speaking about the case, which included committed by the Committee for the direct implementation in the province of Baghdad irregularities group, indicating it included the creation of living rooms for guards and models and processing Games umbrellas projects garden hand Palestine and showing the result of investigations conducted by the Commission that it is a fake projects. The statement said the details of the certificate to be director of the establishment of the projects (hand Palestine) refers to the non-implementation of the project for the creation of services and games in the garden. He added that the certificate be drawn to the other paragraphs of the project included packaging Front interfaces Balkabon and switch the outer door and building external queries were not conforming to specifications, which called for the director of the non-receipt of the project. He said the data competent investigation of integrity issues judge far received details of investigations in vivo body Baghdad governorate student informed of the details of the amounts spent on projects, noting that the disbursements of the draft terms of Palestine services amounted to (435 149 375) million and spent on special aspect Games processing was ( 513 690 000) million and spent on the project of establishing umbrellas sit amount (370 525 250) million of the total disbursements (1,246,391,400) billion dinars. The statement said that the competent judge decided to reconsider your projects to investigate where the outcome of the investigation show that the signatures attributed to the Committee on the direct implementation forged by the Chairman of the Committee called (O.m.r), indicating that the committee members do not have any information about the project were issued recommendations include investigation staff (O.m.r) and (Kh.o.a) disbursements. The statement noted that on 10.3.2015 informed the unit of account in Baghdad governorate competent investigation of integrity issues that the judge accused They deposit amount of $ 1,246,391,400 in the province, which supported the receiving account. http://www.shafaaq.com/sh2/index.php/news/iraq-news/93796--------q-q---.html
    0 replies | 20 view(s)
  • harry's Avatar
    Today, 07:36 AM
    Municipalities emphasizes the need for 800 billion to meet the debts of ongoing projects Published on Tuesday, 31st March / March 2015 10:47 BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) - The Minister of Municipalities Abdul Karim Younis, the ongoing projects of the past years and the ministry of the debt to be paid to companies, up to 800 billion dinars. He explained Yunus's ( IMN ) "The government has not allocated through the new budget only 388 billion investment as a budget." Government program and includes in its second paragraph "upgrading service and the standard of living of the citizen", where the government through its program seeks to meet the basic requirements of the citizens by improving their quality. http://center-imn.net/2/index.php/2013-09-08-07-34-57/16421-8900
    0 replies | 26 view(s)
  • harry's Avatar
    Today, 07:33 AM
    Parliamentary Finance outweigh the return of the stability of the dinar exchange within weeks Published on Tuesday, 31st March / March 2015 11:26 BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) - the parliamentary finance committee, said that the Governor of the Central Bank of Iraq, told her that the exchange rate of the Iraqi dinar against the dollar will return to normal in the coming weeks. The record of the Iraqi dinar exchange rate against the dollar decline over the past few days and arrived in 1270 dinars a per dollar, while the Central Bank of Iraq depends to a fixed exchange rate to the dollar in 1166. The committee member said Masood Haider's ( IMN ), "The Governor of the Central Bank of Iraq was informed that the financial decline of the Iraqi dinar exchange rate due to the speculative traders in the market, especially after the implementation of the central bank's actions, which included control fully the phenomenon of money laundering." Masood added that "the central bank governor of Bank experts assured the committee that the dinar exchange rate against the dollar will return to normal in the coming weeks." The government is seeking to compensate for the decline in the sale of oil prices in the international markets to pump more crude oil, due to the need for more cash to fund massive military campaign against Daash terrorist gangs. http://center-imn.net/2/index.php/2013-09-08-07-34-57/16427-2015-03-31-11-26-36
    0 replies | 48 view(s)
  • harry's Avatar
    Today, 07:26 AM
    Daash leaders surrender in Tikrit and hours separated from the Declaration fully edited Agency eighth day March 31, 2015, 13:45 BAGHDAD - ((eighth day)) A security source in the leadership of Salahuddin operations revealed Tuesday that the surrender of a number of leading Daash presidential palaces near the center of Tikrit. The source said that a number of leading Daash surrendered this morning to the anti-terrorism device near the presidential palaces central Tikrit, indicating that most of the surrendered are foreigners and have different nationalities after they left local fighters and fled outside Salahuddin. In a related development, the military spokesman confirmed the body the popular crowd Karim al-Nuri, the security forces have tightened the noose on Daash gangs in a specific area in the presidential palaces in Tikrit, stressing that the end of the Battle of Tikrit, will be in the coming hours. Nouri said "the Iraqi Army Aviation currently holds the task of providing air support for military cuts, and there is no international airline alliance", stressing that "the security forces have tightened the noose on Daash gangs in a specific area in the presidential palaces." Nouri added that "in the next few hours will curse edit Tikrit fully, having suffered Daash gangs inside the city of Tikrit, a large loss of life and equipment because of the air and artillery bombardment of the center of their headquarters." He announced the Commander in Chief of the Armed Forces Haider Abadi last Wednesday to resume editing city of Tikrit Daash gangs process after about ten days to stop within a previously prepared a military plan. http://8th-day.com/?p=101592
    0 replies | 39 view(s)
  • harry's Avatar
    Today, 07:22 AM
    State law rejects the nomination for the presidency of the writer of the National Alliance Agency eighth day March 31, 2015, 13:16 BAGHDAD - ((eighth day)) MP from the parliamentary coalition of citizen Faisal Al-Zubaidi said that there are parties within the coalition of state law rejects the nomination of Ali al-Adeeb, for the presidency of the National Alliance. Zubaidi said in a statement to ((eighth day)) that "the coalition sees the need for the lords of the National Alliance to speed up the selection of the President of the National Alliance, including requiring the general situation in the region, we Madha" We have a candidate to take over the presidency It promised that "there are differences between the poles of the National Alliance to choose a candidate to take over the head of the alliance, explaining that" some parties of the state law rejects the nomination of the writer. http://8th-day.com/?p=101587
    0 replies | 18 view(s)
  • harry's Avatar
    Today, 07:17 AM
    Najib: employees' salaries cost 51 trillion dinars per month and the state treasury is not enough Agency eighth day March 31, 2015, 9:52 BAGHDAD - ((eighth day))Revealed a member of the Committee on Economy and Investment parliamentary Najiba Najib, on Tuesday, the state employees' salaries and compensation for affected people and a network of social welfare cost the state 51 trillion dinars per month, stressing that the Iraqi government is committed to providing these amounts. Najib said that "the Iraqi state treasury which is not sufficient amounts, but this does not mean that the government is bankrupt and unable to pay its obligations." Najib showed that "dependence on oil completely experiment has failed, especially at this stage," pointing out that "at the same time Iraq is being bankrupt has multiple resources can be harnessed to benefit from the financial revenues in addition to the cash balance." Najib stressed that "state employees and compensation affected by the terrorist attacks salaries and social welfare network cost the state 51 trillion dinars per month". http://8th-day.com/?p=101534
    0 replies | 19 view(s)
  • harry's Avatar
    Today, 07:05 AM
    Brent falling back to $ 55 per barrel31/03/2015 09:56 Follow-up / Source News / .. futures prices for crude international measurement recorded Brent today a new low of $ 55 per barrel despite expectations upside to $ 72 a barrel in 2016. Oil prices fell in early morning trading in Asia on Tuesday According to the New York Mercantile Exchange futures for crude oil trade in next May at $ 48.10 a barrel at time of writing, down by 1.19% from its last meeting, which was recorded to $ 49.29 a barrel. Brent stood in at 05:57 GMT to $ 55.79 low for another 51 cents, closing her where he was registered to $ 56.30. These prices low price of about $ fiscal budget for Iraq for 2015, which was built on the basis of $ 56 a barrel. The Oil Ministry announced last Wednesday for the export of 72.7 million barrels Baardat unrealized them amounted to $ 3.4 billion during the month of February and the average selling price of $ 46 and 79 cents per barrel,. http://l-news.net/index.php/economy/75227.html
    1 replies | 34 view(s)
  • harry's Avatar
    Today, 06:59 AM
    OPEC's basket of crudes falls dollars per barrel 31-03-2015 02:44 PM The Organization of Petroleum Exporting Countries (OPEC), today, that the price of its basket of crudes 12 fell yesterday by $ 48 cents to settle at 45.51 dollars a barrel compared to 93.52 dollars a barrel on Friday. According to the news agency bulletin (OPEC), which is seen by the (news) that The annual rate for the basket price last year was 29.96 dollars a barrel. and includes a basket (OPEC), which is a reference in the level of production to 12 policy species are raw (Sahara) Algerian, heavy and Iran, and (Albesarh Iraqi), and raw Kuwait Export, Ore (Sidr) Libyan, Ore (Bonnie) Nigerian, and raw sea Qatar, and Saudi Arabian light crude, and crude (bitters), and Venezuelan crude, and (Girassol) Angolan, and (Orient) Ecuadorian. http://www.ikhnews.com/index.php?page=article&id=138363
    1 replies | 34 view(s)
  • Charlie's Avatar
    Yesterday, 08:37 PM
    Charlie well what i'm sharing tonight, i remember hearing way back in "the day" Charlie we had long discussion about pegging to oil tudor yes we did Charlie so we talked about pegging to oil years ago tudor yes Charlie and recently here Charlie i did numbers back then, looking at the M currencies Charlie the analysis was way off, but when i started analyzing last week i started noticing some correlations Charlie iraq is a cash driven economy Charlie one had to hope that this would change and money markets develop and capital flows into the country Charlie today we still see a heavy oil dependent economy tudor very much so Charlie oil account for half of iraq gdp Charlie the correlation i found was quite stunning as i looked at currency circulation Charlie particularly the exchange rate as it relates to currency to gdp ratios Charlie i didn't expect to see the numbers fall complete in line with the values as far back as 1981 Charlie so when iraq hit a big snag with oil prices tudor that had to hurt their bottom line Charlie i further understood the pressure of the rising dollar against the dinar though it is effective pegged to it Charlie as i go back to an article from a long time ago, it very much predicted this problem CLICK HERE TO REGISTER AND READ THE REST OF THIS CHAT. IT'S FREE! REGISTRATION LINK: http://www.dinarspeculator.com/register.php
    0 replies | 45 view(s)
  • guardian's Avatar
    Yesterday, 08:00 PM
    Thanks harry! It's nice to see the deletion of the zeros is still in their agenda. :)
    2 replies | 180 view(s)
  • harry's Avatar
    Yesterday, 05:32 PM
    The Governor of the Central Bank of the relationship, the project to delete the zeros still exists a need to "stabilize" the implementation and follow carefully
    2 replies | 180 view(s)
  • harry's Avatar
    Yesterday, 05:15 PM
    Governor of the Central Bank on the Keywords in dialogue with the (long) 03/30/2015 (21:01 pm) _khassna 5 trillion dinars for mortgages and housing, industrial and agricultural  project to delete the zeros is still there and the need to "stabilize the Year" for its implementation  allowed banks to use half of its reserves to buy bonds Part II The Governor of the Central Bank of the relationship, the project to delete the zeros still exists a need to "stabilize" the implementation and follow carefully, and as he emphasized that the central coordinate with local banks for economic development and financing of small and medium-sized enterprises, said in the second part of the expanded dialogue interview with "Range": that the government decision which committed banks fulfillment rate of tax when you sell the dollar guarantees for the government obtaining part of the customs duties. and below the full text of the second part of the interview conducted by the "long", with the relationship .. fa step to meet the tax, has been addressing tax evasion through obtaining the custom fees by banks which objected to the decision .. What is the opinion of the Central Bank of such a decision? - "Possible for this decision to replace part problem obtaining the tax, and it solves part of the problem, and what happened in the last period of obtaining the tax through banks when buying the dollar, is the decision not from the central bank, because it is not our relationship tax, a government decree issued for the prime minister and the finance ministry, and because of the circumstances through which Iraq currently, and the presence of the problems at border crossing points, and because of the large amount of corruption institutions related to this subject, and found that the best way to be obtaining insurance customs duties, identified by 5% when buying the dollar, This is at the very least guarantee of the government portion of the proceeds from customs duties without leaving the rings, units, and institutions are not able to control this process, and the rate of 5% is not all the tax, but at the very least it is a part and presumably after the introduction of the goods being the actual tax is calculated, certain material may be a toll of 20% or 30% or 3% is being conducted settlement between the General Administration of Customs and customer between or merchant in the light of the real quantity, so this decision a government guarantee as certain of the proceeds of customs duties, it is true that the decision dollar displays to rise as it gets Now, one of the reasons for this increase is that the banks, while the dollar sells, it sells at a price that was purchased by the central bank, which has not changed, and she has these fees, so this rise is real, but it is a load dollar fees that push the bank. "  know that the country is living a financial crisis because of lower oil prices on the one hand, and because of the battles against the "Daash" On the other hand, the question, what the role of the central bank to support the economy and the development process? "The financial crisis through which Iraq has opened the door to the study of the economic and financial situation in the country, in some cases, financial abundance are cover failures, and we believe that the favorable opportunity, and then revealed that the current crisis country's real economic capabilities kick that can provide stable resources and permanently unavailable, so it is an opportunity, as the central bank calls for the need to develop Iraqi economic model outlining the economy and resources, financial and monetary policies and other so he can Istqad of this crisis, as the lessons of this crisis must and employ the right way, and to reconsider the economic structure and policies Finance in what country is exposed to shocks and risks due to the fluctuation of the only source of imports of Iraq, which is oil, and the central bank arms folded not stand towards the current crisis, but entered the depth of this crisis with the government in an attempt to overcome first, and to contribute in building the correct directions for the future, and on the first level The central bank as permitted by law, we have demonstrated willingness to buy bonds the government issued and we buy from the secondary market, and we do this now, and the second point and do not even get a contraction affects economic activity because of the weakness of resources and thereby increase the unemployment rate, the central bank has decided the equivalent of 5 trillion dinars to the specialized banks (real estate, industrial, agricultural, housing) and I think that this is an important step and spoke for the first time to enter the central bank in the financing of these banks process in order to move the economic situation, as well as allowed the central bank to banks, which has a reserve with the central bank and by law must to put 15% of their capital in reserve at the central bank, allowed banks to use half of this reserve to buy bonds so that these banks benefit from the return on these bonds at the same time we can shortfall coverage at the present time, and all now realize the need to stimulate the private sector and take its role broad economic currency and we can say that the Central Bank is the pioneer now in support of the private sector, which has to do with banking and financial sector, and we have a broad plan may not help the field to mention the details, and we adopt at the present time the advancement of the private banking sector by giving the confidence of the private banking sector, The public's trust is the basic rule is based, so the first thing we have done is to try to promote this confidence in the banking sector through the proposals they have made to the Council of Ministers and the Economic Commission to accept government deposits at private banks, because as it has been to prevent government institutions from the deposit in private banks I do not expect the public to deposit deposits in those banks. " ma reason for a lack of public confidence in banks? "Occurred in previous periods situations such as the failure of the bank or the bankruptcy of another, and were then radical decisions not to deal with private banks, we try to give confidence in banks, and even the bank that was the cause of the crisis, we are trying to revive it again, the central bank has plenty of flexibility and tools which can which corrected the situation of banks which are exposed to the problems, because the collapse of any bank affect the banking sector as a whole, so the government agreed to accept deposits and accept issued by banks and instruments, as well as accept letters of credit, which opens to the government from private banks, which are very important issues , the central bank is considering in the current period to provide liquidity to banks which are exposed to a state of distress at the present time according to the central bank law, as well as coordinating now with the banks in an attempt to her husband in the process of economic development and financing of small and medium enterprises is an important and a great program and it was the reason for the growth and economic activity who got in a lot of countries, and there are regulatory and legislative reforms and we have five to six new laws with respect to guarantee deposits in respect of Islamic Sukuk and Islamic banks and the law of the new banks and the law of the new Central Bank, all of these bills are very important in order to avoid the problems that were previously holds. " adm saving citizens money in banks, you come from a lack of confidence in banks or she societal culture? "We have a serious phenomenon in Iraq, at a time when the country needs him to the resources to create economic activity and the need for liquidity, we note that the bulk of this liquidity is outside the banking system system, but today we have between 30 to 40 trillion outside the banking sector, which is stored in the public , so the central bank to give confidence in banks and providing the movement and activity of her so that we can attract these 30 or 40 trillion held by the citizen and incorporated in the development process and economic activity, and that part of the subject back to the public culture and the other part is due to give confidence in banks, As we have already said that the first step by the central bank is to create confidence among the public banks through bridging the relationship between banks and the government to the public trust this, and also through the bill, which we are working on a deposit insurance law, which is a very important law, because the citizen when he feels the existence of law that protects and Diath in the bank be a reason to deposit their money in banks. " _aad Iraqi banking system late compared to the banking systems in most countries of the world and even the nearest neighboring countries, and may be bureaucratic red tape or a reason for the reluctance of citizens to deal with these banks, Is there any intention to develop the mechanisms of Iraqi banks in the near term? "This note is very important, especially since the banking system in all countries of the world is the most sector progress in regulatory, administrative, financial and technical operations, which is the first advanced in all the institutions, because it is an important sector, and the efficiency, speed, accuracy and the whole transparency important things so we see the financial and banking institutions are particularly sophisticated in their work always, we have a very big problem lies in the acquisition of 80% by the government banks, meaning that the government's banking sector accounts for 80% of the banking sector, market, and not a problem by acquisition, but this sector is underdeveloped, means you have 80% of the banking sector has lagged work, organization and use of modern technologies and others, so it is necessary to reconsider the structuring of the Rafidain and Rasheed because they are the bulk of the Iraqi banking sector, in order to achieve the reorganization of these two banks, and to reconsider the ownership of these two banks, and in favor of that these banks are joint stock companies and open the way for the banks and the public to access these banks through certain stocks, the central bank adopted in the current period, a lot of modern systems in banks manage to regulate banking operations and coordination is underway with these banks to implement these programs and will tighten the coming period, a reflection of this matter. " ugod foreign banks in Iraq is very limited .. Is there any intention to enter the international banks to work in Iraq? Is this a small number of global central banks meet the ambitious Iraqi? "The central bank encourages the entry of foreign banks to operate in Iraq, and there are a number of branches of foreign banks operating in Iraq, but the overall situation in the country delay the entry of foreign banks into Iraq and there are branches of Arab and foreign banks but they are still cautious and limited in scope in its work and has plans to expand its work in the future coupled with the conditions existing in the country. " kther talk about the project to delete the zeros, which is long overdue, and we hear occasionally conflicting statements on this matter .. Where arrived Central Bank in this project? "Multi deletion of zeros taking many dimensions to the debate and controversy, and there are two points of view on this subject, and that the points of view two different deletion or maintain agree on the principle that this deletion or maintain does not change the reality of the currency or the value or effect in the economic reality of financial or cash because are just like you put a sticker on the currency in or on the zeros, party pro-deletion of zeros sees the need to delete the zeros, because the zeros when they are in large numbers, usually in countries where very large inflation happens and, as happened in Iraq earlier, while disappear inflation is natural phenomenon and back to normal, as is happening now in Iraq that the inflation rate is very slim and low, when it should delete the zeros to facilitate the calculations and give the kind of confidence the currency, because the zeros linked to the weakness of the previous currency, and there is the case in the sense or the subconscious mind that these zeros express the abnormal condition and inflation, so that the removal gives the kind of reassurance to the return of the currency to normal reality and the real power, and facilitates calculations and registration ,, while the opposite view that hinder delete currently zeros, you see that this process since it does not create an impact on the ground the existing economic, say you do not need to replace the currency in which the cost management and organizational, as well as that there is a kind of fears that the effects of inflationary occur any currency less psychologically and not structurally structural value, it is scientifically can not occur something, there is a kind of fear, and we as a central bank to give to ourselves the opportunity and space for feminization in this topic because it is not a major priority for the central bank, and we believe that the general conditions of her relationship in taking such a step, and making sure the process of withdrawal and replacement of more than 40 trillion dinars, even if they are within range We put time and in circumstances that may not be stable, could create a lot of shenanigans, We need to general stability which we can do through this process smoothly, but we put this subject on the track to move it carefully. " ma reason for the lack of a coin? "Reconsider the issue of the coin is associated with the subject of the deletion of zeros, which is needed to study, and so far we study this matter, because the central bank tried earlier in the infectious currency that have not been accepted, and was retrieved by the central bank and bear the losses." For more than a year, Iraqi banks have stopped granting loans to citizens because of the failure to approve the budget in 2014, and in the shadow of the current period of financial crisis, the central bank steps in this aspect? "Personal loans determined by the banks (Rafidain and Rasheed), a policy relating to banks through the availability of liquidity, according to the priorities that are working on, but we have dedicated industrial, agricultural, real estate and housing loans of $ 5 trillion to banks and will open the door wide for the specialized banks, which are loans which will benefit the people." . http://www.almadapaper.net/ar/news/484809/%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%B9%D9%84%D9%8A-%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%82--%D9%81%D9%8A-%D8%AD%D9%88%D8%A7%D8%B1-
    2 replies | 180 view(s)
  • harry's Avatar
    Yesterday, 08:41 AM
    Abdul-Mahdi: Iraq lost compensation of more than $ 14 billion because of poor planning and restrictions and instructions History of edits:: 3/30/2015 1:33 p.m. • {Baghdad: Euphrates News} Oil Minister Adel Abdul Mahdi, the Iraqi state has paid compensation to oil companies as a result of disruptions bore responsibility, noting that the total payment of compensation since 2011 and the end of 2014 amounted to 14 billion and 448 million and 146 thousand and US $ 107, any more than $ 3.6 billion a year on average. Said Abdul-Mahdi said in a statement the agency {Euphrates News} received a copy of it today that "poor planning or because of the application of restrictions and regulations and procedures of the obsolete Tkhosrna more than protect us or defend our interests, noting that licensing rounds contracts stipulated in Article 12.5 that" the right of the company Extractive review your any proposed work program of the level of production proposal or certified, has required under the notice, a written, from the contractor or operator to increase or reduce the {reduction} production rate of the contract area for any of the following reasons: " He added that "the administration and the economy in the conditions of the modern world Do not run the laws and regulations and instructions eat forever by drinking .. This is the real corruption .. and this is the big losses and real waste of money .. and this is a real lack of planning and good governance. " The Oil Ministry has earlier announced its agreement with the Central Bank of Iraq to launch Treasury bonds worth {12} billion dollars to pay dues to foreign companies contracting and working in the oil fields. Oil Minister Adel Abdul-Mahdi, had confirmed at a news conference earlier in advance that "with the financial squeeze there between us and the companies financial dues were paid dues part in 2013 we left some dues to 2014 and there are also benefits in 2015, and these account for a large amount exceeding $ 20 billion and oil prices collapsed and you have to give these sources . http://wwww.alforatnews.com/modules/news/article.php?storyid=80714
    0 replies | 66 view(s)
  • harry's Avatar
    Yesterday, 08:32 AM
    The meeting's agenda No. (24) Monday 30 March 2015 March 30, 2015 Third parliamentary session The first legislative year Legislative Chapter II First, read verses from the Koran. Second: The vote on a resolution to prevent disposition allocated green areas in Baghdad and throughout Iraq all territorial. ( Legal Committee ). Third, the Committee on Agriculture, water and marshes report on the work of the Commission. Fourth: The vote on a resolution for Daash terrorist crimes against innocent Iraqi children. ( Legal Committee , Commission on Human Rights). Fifth: the first reading of the bill abolishing the Coalition Provisional Authority Order Act (now defunct) No. 68 of 2004 (the Security and Defense Committee, the Legal Committee ). (3 items). Sixth: The first reading of the draft accession of the Republic of Iraq to the International Institute for the Unification of Private Law Law (UNIDROIT) regarding stolen cultural property or Illegally Exported. ( Committee on Culture and Information , the Foreign Relations Committee , the Committee on Tourism and Antiquities). (Article 2). Seventh: the continuation of the second reading of the draft labor law. ( Committee for Labor and Social Affairs , the Committee on civil society organizations , the Legal Committee , the Committee on Women, Family and Children). (Article 157). (The remaining 24 articles). Session begins at twelve noon. http://www.parliament.iq/details.aspx?EvID=13244
    1 replies | 112 view(s)
  • harry's Avatar
    Yesterday, 08:22 AM
    Source: Director of investments in Central Bank foreign exchange operations easier for banks accused of money laundering return for money 03/30/2015 16:03Awan / Baghdad Revealed a senior source in the Iraqi Central Bank, on Monday, for the general manager of investment in the bank to facilitate the external transfer to banks accused of operations money laundering, as he emphasized that they of the leaderboard for the lists to buy the dollar. The source said the "time", "The general manager of investment in Central Bank Munir Mohammed Omran, in facilitating foreign exchange to banks procedures suspected of participating operations and money laundering to one of the neighboring countries smuggling, "refusing" to disclose their names. " The source, who asked not to be named, said: "these two banks Dominate through 2013, 2014 User buy the dollar, "asserting that" Imran facilitates procedures for companies and banks to investment loans after receiving sums of money as ". http://awaniq.com/ar/news/17620/مصدر-مدير-الاستثمارات-في-البنك-المر
    0 replies | 95 view(s)
  • harry's Avatar
    Yesterday, 08:19 AM
    Parliament to raise its on Wednesday 03/30/2015 14:10Awan / Baghdad Raised the Presidency of the Council of Representatives, on Monday, its 24th of the second legislative term of the first legislative year to the day after tomorrow, Wednesday, and while the meeting witnessed postpone the vote on a resolution for organizing Daash against children crimes, and the end of the first and second readings of the three bills. A parliamentary source said the "time "," The House of Representatives Speaker Salim al decided to adjourn the meeting the 24-to-day on Wednesday, "noting that" the meeting saw the postponement of the vote on a resolution for the terrorist Daash against the Iraqi children crimes. " The source, who asked not to be named, said: "The session saw the first reading of the bill abolishing the Coalition Provisional Authority Order Act (now defunct) No. 68 of 2004 Sixth, as well as the first reading of the draft accession of the Republic of Iraq to the International Institute Convention for the Unification of Private Law (UNIDROIT) regarding stolen cultural property or Illegally Exported ". http://awaniq.com/ar/news/17610/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B1%D9%81%D8%B9-%D8%AC%D9%84%D8%B3%D8%AA%D9%87-%D8%A7%D9%84%D9%89-%D8%A8%D8%B9%D8%AF-%D8%BA%D8%AF-%D8%A7%D9%84%D8%A7%D8%B1
    1 replies | 112 view(s)
  • harry's Avatar
    Yesterday, 08:10 AM
    Foreign parliamentary: Saudi Arabia is trying to curb and the abolition of the Iraqi role in the region Agency eighth day March 30, 2015, 11:44 BAGHDAD - ((eighth day)) Mention of the Foreign Relations Committee member Abbas al-Bayati said "Iraqis wiped their hands of Arab summits that come to consolidate certain policies of open goals." Bayati said in a statement ((eighth day)) that "the host of Baghdad for the Arab summit and subsequent disappointments did not change from the hostile behavior of the Iraqi experience," adding that "Saudi Arabia, which are related to strategic swear with Washington played and is still a major role in attempting to eliminate and minimize the role of Iraq in the region and play the chord and sectarian interference in internal affairs, to prevent Iraq from restoring its activity and its leading role in the region, and sticky in internal conflicts. " "The message of Iraq in Sharm el-Sheikh summit is rejected terrorism and reject the aggression on Yemen and opened the way for a political dialogue to spare the region disastrous results," pointing out that "Iraq made a major effort to restore the relationship with the Arab world", and calling at the same time to "dialogue to resolve Syrian crisis and other crises in the region. http://8th-day.com/?p=101449
    0 replies | 67 view(s)
  • harry's Avatar
    Yesterday, 07:51 AM
    Parliament held its session today to read the laws and 4 on another 30-03-2015 11:24 AM Hold the Iraqi Council of Representatives, on Monday, its the (24) of the Legislative Chapter II headed, Saleem al-Jubouri, a vote on a resolution criminalizing the organization 'Daash' and read the four other laws. A statement of the Department of Media received (news) today, that the 'agenda for the meeting will vote on a resolution to prevent disposition allocated territorial green areas in Baghdad and all parts of Iraq, and vote on a resolution criminalizing Daash terrorist against the Iraqi innocent children. " The statement added that 'the Council will be the first reading of a bill abolishing the Coalition Provisional Authority Order Act (now defunct) No. 68 of 2004 and the first reading of the draft accession of the Republic of Iraq to the International Institute for the Unification of Private Law Law (UNIDROIT) regarding stolen cultural property or Illegally Exported '. The statement continued that "the meeting agenda includes a continuation of the second reading of the draft labor law '. http://www.ikhnews.com/index.php?page=article&id=138292
    0 replies | 64 view(s)
  • harry's Avatar
    03-29-2015, 05:47 PM
    Governor of the Central Bank on the Keywords in dialogue with the (long) 29/03/2015 (21:01 pm) Interviewed by Ghazanfar Laibi Iraq  will be placed under the "black list" unless acknowledges Money Laundering Act the existence of Article 50 in the budget may expose Iraq's assets abroad into custody We made an appeal on the materials that affect the independence of the Bank's work The first part Governor of the Central Bank on the Keywords warned that Article 50 in the budget law has been Iraq's assets and reserves abroad to risk booking, and while pointing out that capping sell the currency means that the government robbed the bank tool exercised through which monetary policy, confirmed that the bulk of money laundering operations in Iraq due to tax evasion. and below the full text of the first part of the interview conducted by the "long", with the relationship ..  Observers believe that the auction is not the currency of the central bank's responsibilities and cause many problems for the bank, you will continue to auctions, and are there alternative options on the table in front of the bank to be delivered to the government or switch mechanisms work? - "The central bank is responsible for the coverage of imports and the necessary requirements and other foreign currency, and here we are talking about the dollar, and through this process as well, and by determining the exchange rate, the central bank to achieve a goal of his goals and is price stability, because the oscillations that occur in its exchange rate implications for inflation, employment and other things states that have foreign currency source mainly a specific one source, as is happening in Iraq, where the source of the dollar for Iraq is oil sales and received by Iraq against these sales of the dollar, the Ministry of Finance in the process of selling it to the Central Bank against the dinar Iraqi, and we can say that the central bank has a ratio greatest and biggest of the dollar, so the central bank to the process of selling the dollar in the market, in order to take the interview of the dinar, which buys it from the Ministry of Finance dollar, nor inevitable and unavoidable that the central bank to provide foreign and sell currency In the market, there are countries that have a variety of sources for the dollar and the market is limited by the supply quantities and demand and the central bank does not have to engage in selling or buying, but if you find there are significant changes in the price of the currency so it may the process of buying or selling in order to create a kind of balance ".  after the oil crisis and low prices, we learned that the choices faced by the Central Bank determines the sales ceiling (which is what has been going to him by the parliament and the government, through Article 50 in the budget, which set sales by $ 75 million a day) and the abandonment of cheap and thinking Dollar float to raise its price in front of the dinar gradually, the question, do you see the Central Bank had been compromised by Article 50 the independence of the Central Bank? Do this daily sales in the ceiling, or is it overtaken? Is it a correct decision in your opinion? - "The determination of the central bank sales of the dollar was surprising for the central bank and the government, that placed more than material concerning the substance of the work of the central bank and its functions and this affects reportedly Constitution of the independence of the Bank and touches the central bank, which did not allow the intervention of any party law or any other party the activities of the bank and its decisions, so we agree with the government on the appeal of this material, and there is a risk not pay attention to him when you put this article in the law, because the presence of such material in the General Budget Law for 2015 shows assets of Iraq and reserves abroad to risk booking because Iraq was able to to defend its assets abroad by emphasizing the independence of the Central Bank even prevents any type of booking or any legal action last, and when the materials are placed in the budget related to the Central Bank Act, the budget is a government bill was approved by the Parliament therefore read externally that the government has become intervene in the work of the central bank or that he associated one way or another, or subject to its effects, and this may be an excuse to creditors or other exposure to our assets abroad parties, so we have agreed with the government to appeal to those substances, were presented to appeal a fundamentalist to the Federal Court. "  Is there an intention to go to the bank to raise the price of the dollar, rather than determine the quantity? "Can not the Central Bank identifies the quantities contained in the budget law, and can not work developed specific to sell the currency ceiling because the subject touches the essence of monetary policy, which constantly changing, and may change daily, in the light of the existing variable was forced to sell larger quantities at a time certain or less quantities in the last time, and by currency movement, exchange rates and, according to the country's need, for example, when the government asks for decades or equipment specific amounts which obligations exist in the budget law, the central bank, can not be determined such requests to the presence of a certain ceiling, as this would affect the obligations Streptococcus central bank, so when specifies roof to sell the currency, it means that you robbed the bank a tool of the most important his tools, which can be exercised through which monetary policy, exchange rates and currency, and on the other hand, recognize the reality of placing the material within the budget law, and intended not to alienate reserve foreign currency and attempt to control it a way that preserves the desired level of these reserves, understand this trend and are working on it, but without prejudice to the policy of a fixed roof and the nature of the work of the central bank mode, and also prejudice the issue of supply and demand of foreign currency. " hl there is coordination between the central bank with the government and parliament? How is this coordination? What are the mechanisms of action? It is said that personal attributes and relationships party could play an important role in that? "The independence of the central bank so far respected by everyone, and the only case that I got and we are going to address them, are crammed central bank in the budget law, which reflects the fiscal policy issue, not interject its monetary policy, which is a variable policy, not fixed, and either the subject of independence, There is an important and fundamental point, because independence is not a slogan, or just a recipe given to this side or that, the real translation of the independence of any institution is the law, and to what extent the law that the administrative independence, financial or technical, so it may be a mistake to rule on the issue of independence or evaluated by classifying institutions independent of it or not independent, and we must go further than that, and we see the law of that party, what gives them the translation of this independence, perhaps an independent body in the title be, but law Akplha many restrictions and subjects them to the regulations and instructions and other ".  There is a law on the Central Bank, is being applied correctly? The immunity granted to employees? - "The Iraqi Central Bank Law of distinct laws compared to central banks in the world, broad and much enjoyed by the independence and immunity and non-interference in its affairs and the independence of its decisions, and is the central bank law, ahead of many of the world's central banks that do not have so much autonomy and the other part is to respect this independence by the executive authorities or legislative, and so far we have not seen significant violations or encroachment on the authority and independence of the Central Bank, and any dispute in this regard resolved through the Federal Court if there was a difference in interpretation, and did not face violations or interventions ".  Is the central bank faced political interference in the previous government period? There was no interference in central bank decisions, because the decisions are protected by law, and can not interfere with one hand in decision-making, and in the event of an intervention by the central Van could defend and does not respond to these interventions, because the central bank law gives him such a force, and got maybe in previous periods differences in views in the way of the Central Bank or the issue of currency auction or other things that the government in coordination with the Central want a high degree, which is located under the law, and there were a desire that the bank takes the economic and developmental role, as happened in the previous period, while confined Bank and effort and activity concentration in the process of currency sale through auction, which consumed a great effort and enter the relationship between the central bank and the banking sector the framework for complex problems and differences and others, we are now not forgive the process of selling the currency, but others sell mechanisms to another way to be more control over these operations and more transparent and more distant from the problems that were taking place between the central bank and the banks. "  Have you identified a group of banks to sell the currency and what is the mechanism? Each Registered Bank and metaphor and all conversion company can buy the currency in addition to the banking companies that buy through banks, taking place under the supervision and approval of the governor by providing daily disclosure requests and agree with it with full transparency. "  It is well known that one of the central bank departments responsible for money laundering, what the nature of the work of this department? Is able to get their hands on money laundering cases? What number? What is the size of money? "Laundering activities money to gain international attention, and not at the local level to carry the risk of it be a cover to pass criminal operations and corruption and even terrorism and other operations, so the increased interest in this aspect because of the dangers that threaten the world extensively crime because of terrorism, Iraq has entered the years to before Financial Action Task Force organization dealing with this subject, and the Central Bank of the functions of the reduction of these phenomena, and the Central Bank Law and the Law on Money Laundering, Bank is obliged to give strength and power and autonomy special unit responsible for this work, the office reported money laundering, and was a management point of view Previous see that the money laundering case is not the core of the work and the attention of the central bank, so I did not give this issue enough attention, and this was the subject of criticism of international organizations, and we have had previous conversations with the Central Bank of The administration believes that this work is possible to play on the other hand, we were We emphasize that the central bank law and the law of money laundering, put this task on the central responsibility, and the law has not changed, can not be the central bank is trying to say this task, so I did not witness this activity or this configuration attention or focus during the last period, we started since that cost us this task by giving this issue a priority and great importance, and we have to strengthen the composition of the administrative, financial and technical potential, and its curve autonomy within the Central Bank has a special budget and an angel and independent place, so that independence which emphasizes the international agreements are available to him, and many of the observations are installed on Iraq is currently the subject of money laundering depends on the existence of the law covers all things related to these aspects, since we took the job we have given considerable attention to the completion of a draft law suit and in conformity with international standards and requirements and the Organization of Financial Action Task Force, and accomplished this project and has been reviewed by international organizations and is now in the Council of State and will end soon and referred to the Council Ministers and the House of Representatives, and is Iraq within rating organization in the gray area, and if they do not accomplish this law, if approved did not appear within the next three months, Iraq has been placed on the black list, so we have a very large keen on the completion of this project, which will end soon Council State Shura, and we met with Mr. Speaker of the House and Pena him the importance of the bill and promised to do better. " kev are the most prominent of money laundering operations in Iraq? Longer term or activity of money laundering recently in Iraq by virtue of circumstances and changes that have occurred in the country, and there is a description of the process of money laundering numerous and extensive activities, and through our work and through the banking sector correlation Central Bank in terms of supervision, we found that the bulk of the money laundering operations resulting from tax evasion, eg import materials, foreign trade and be large sizes and billions per year, but we see the tax receipts are not commensurate with the size of these imports at all, and the materials required to be covered by the Central Bank of the dollar, and in the real permits customs that are as yet see that the percentage of materials recorded is worth only a very small percentage of unauthorized advance when you buy the dollar, and this type of tax evasion. " http://almadapaper.net/ar/news/484737/%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%B9%D9%84%D9%8A-%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%82--%D9%81%D9%8A-%D8%AD%D9%88%D8%A7%D8%B1-
    0 replies | 141 view(s)
  • tudor's Avatar
    03-29-2015, 11:02 AM
    Thanks harry. At least they are working hard to get rid of fictitious names in different departments...social welfare and before they found all the fictitious soldiers...that alone helps their budget.
    1 replies | 202 view(s)
  • harry's Avatar
    03-29-2015, 09:16 AM
    29/03/2015 (00:01 pm) Central Bank decides to meet the 8% tax rate and customs through banks BAGHDAD / long-Presse Decided to CBI, on Saturday, to approve the meet 8% of the taxes and customs special rate Bakiem imports by private banks, while the Association of Iraqi banks suggested that this decision reflected positively on the Iraqi economy and the private sector. The executive director of the Association of Iraqi banks Ali Tariq's (to the extent Press), "The Association held meetings going on and meetings with the concerned authorities of the Central Bank and the bodies of taxes and customs in order to stand on the recent decisions on obtaining the tax and customs own Balastairadat through private banks Iraq," noting that "debates has with these entities as well as specialists in the banking sector to find a mechanism to pay for these benefits through private banks." He added Tariq that "those discussions and meetings yielded results can be described as good by setting rates and clear of taxes and customs are met through the banks," he said, adding "The central bank recently issued a decision in agreement with the bodies of customs and taxes allow private banks to the fulfillment of 8% of Akiem taxes and customs own Balastairadat dispersed by about 5% for Customs and 3% for taxes." He assured the Executive Director of the Association of Iraqi banks that "the final decision on where to locate ratios is a good compared to the first resolution passed on imports, without specifying the descent ", pointing out that the decision could be supporting the Iraqi economy and the private sector." The Central Bank had to impose a special program for tax guarantees and customs of goods, while the media showed banking and economic that this action came under the guidance of by the Council of Ministers to determine the work of traders and keep them away from illegal transactions in foreign currency smuggling. The CBI had announced in a statement Tuesday (March 24, 2015) for the approval of the Economic Committee of the Council of Ministers on the proposal of the Central Bank of acceptance issued by private banks instruments to pay taxes and all fees and without a fixed roof. http://www.almadapaper.net/ar/news/484632/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%82%D8%B1%D8%B1-%D8%A7%D8%B3%D8%AA%D9%8A%D9%81%D8%A7%D8%A1-8-%D9%85%D9%86-%D9%86%D8%B3%D8%A8%D8%A9-%D8%A7%D9%84%D8%B6
    0 replies | 120 view(s)
  • harry's Avatar
    03-29-2015, 09:10 AM
    Finance Minister: Order submitted oil sale Under section: economic Dated: March 26, 2015 BAGHDAD / News Network Iraq said Finance Minister Hoshiyar Zibarialeom, said that his government plans to manage emergency funds through sales of oil reserves payment system in advance for the first time and begin economic reforms to amend the oil contracts with major Western companies. Among Zebari said in a press statement: "It is not yet quantities details and the value of these sales, known in the oil industry pre-funding but Iraq needs liquidity to fund its military campaign against al Daash To compensate for revenue lost because of falling global oil prices are determined. " Zebari said that "Baghdad also plans to change the way it manages Contracts for exploration and production with oil companies such as Royal Dutch Shell, BP and Exxon Mobil. " With this shift will move Iraq for the first time to adopt a production-sharing contracts under which the division of revenue is a percentage of the services that you get under which oil companies on a specific fee contracts. The Iraqi service contracts concluded when oil prices were high, and the mean drop in global oil prices that Baghdad is now paid to the companies much more than if they were operating production sharing contracts. Zebari said that "the amended contracts will know in Iraq on behalf of ." Such a banned engagements in many of oil-producing countries because the Patriots consider the abandonment of the wealth of a sovereign foreign companies, but Zebari said that "Iraq should seize the opportunity afforded by the Daash crisis for reform. " He said the Minister of Finance "It's better now for us to adopt the contracts of production sharing, we negotiate with all international oil companies, the federal government began to realize through the factual circumstances that revenue sharing is the best. " He explained, "You can not build the private sector and bring in foreign investment with the adoption of an authoritarian socialist laws of old." Zebari said "this crisis despite the odds which Nlaekayaa security-related and financial aspects led us really to a lot of new ideas, and became the logo is that it is essential that the reform, but it will economically fail. "The corruption and excessive spending in times of the rise of oil prices and financial mismanagement have all contributed to the economic crisis triggered by the takeover of the organization of the Islamic state on parts of Iraq and the collapse of oil prices. And that "Iraq will not put pressure on the Arab Gulf countries, OPEC members such as Saudi Arabia to cut production to support oil prices," stressing "must reform ourselves and should not rely on the goodwill of others In the Arab world, things are not going that way. " The Finance Minister Hoshyar Zebari said earlier this month that "Iraq is considering bond issue worth five billion dollars through the bank Citibank and Deutsche Bank to assist in the budget deficit to cover." He cited "monthly bill worth three billion dollars, facing the Iraqi government in order to meet the needs of its population of 32 million," as a sign of extreme centralization and lack of private investment. http://aliraqnews.com/%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af%d9%8a%d8%a9/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9%d8%a8%d9%8a%d9%86-%d8%a7%d9%84%d9%86%d9%81%d8%b7-%d8%a8%d8%a7%d9%84%d8%af%d9%81%d8%b9-%d8%a7%d9%84%d9%85%d9%82%d8%af%d9%85/
    0 replies | 70 view(s)
  • harry's Avatar
    03-29-2015, 09:02 AM
    29/03/2015 17:35 Ki-moon in Baghdad to discuss developments with Abadi Ki-moon in Baghdad for the role of the government to strengthen national unity and sectarian fighting. BAGHDAD / Obelisk: Prime Minister's Office announced Haider al-Abadi, Sunday, that the Secretary-General of the United Nations Ban Ki-moon will visit Baghdad tomorrow to meet with al-Abadi and a number of Iraqi officials to discuss the latest security developments in Iraq and the region. A spokesman for the Office Sabri Saad, said that "the Secretary-General of the United Nations Ban Ki-moon will arrive tomorrow to Baghdad to meet with Prime Minister Haider al-Abadi and a number of Iraqi officials to discuss the latest Field and security developments in Iraq and the region." He added that the visit also come to "examine ways to support that could be the United Nations and the international community to offer Iraq in the face of security challenges and learn what the Iraqi government's efforts to promote national unity and the fight against terrorism and sectarianism." http://almasalah.com/ar/news/50318/%D9%83%D9%8A-%D9%85%D9%88%D9%86-%D9%81%D9%8A-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D9%84%D8%A8%D8%AD%D8%AB-%D8%A7%D9%84%D8%AA%D8%B7%D9%88%D8%B1%D8%A7%D8%AA-%D9%85%D8%B9-%D8%A7%D9%84
    1 replies | 103 view(s)
  • harry's Avatar
    03-29-2015, 08:32 AM
    Chairman of the US House of Representatives and the Secretary General of the UN ... 29-03-2015 12:20 PM Baghdad up tomorrow, head of the US House of Representatives John Boehner and UN Secretary General Ban Ki-moon, on an official visit to meet with senior Iraqi officials. source of the House of Representatives said that the President of the Council, Salim al will meet tomorrow, the US official, as well as UN Secretary-General Ban Ki-moon, adding that al-Jubouri will discuss with the parties and the political and security situation in Iraq and the region and the requirements to strengthen the international position overall terrorist crimes which threaten international peace and security. As said a source familiar with the Penner dry-moon will meet Prime Minister Haider al-Abadi and President Fuad Masum, and a number of officials to discuss political and security developments in Iraq and the region. http://www.dijlah.tv/index.php?page=article&id=182038
    1 replies | 103 view(s)
  • harry's Avatar
    03-29-2015, 08:18 AM
    Frankincense: the will of the Iraqi street is the passage of the window Justice and Accountability Act29/03/2015 01:34 BAGHDAD / Source News / .. National Alliance MP Sadiq frankincense said, Sunday, that there is great political intersections on accountability and justice law, noting that the Iraqi street is limited by the approval or not. He frankincense Agency / Source News / that are trying to reduce the penalty of the Baath Party and some of them demanded by stressing the protection of people and the rights of the citizen, indicating to some parties in the parliament are trying to improve the atmosphere in order to allow the Baathists to participate in once again rule, which is unacceptable And between: the will of the Iraqi street will be the window on this law, stressing the need to protect the people from all impurity sour safe. The House of Representatives, for yesterday, the first reading of the draft accountability and justice, and the prohibition of the dissolved Baath party law, because of political differences over Aleghanon http://l-news.net/index.php/policy/75081.html
    0 replies | 56 view(s)
  • harry's Avatar
    03-29-2015, 08:11 AM
    Parliamentary Finance exclude the removal of taxes in the budget of 201529/03/2015 12:40 BAGHDAD / Source News / . . ruled member of the Finance Committee in the House of Representatives Masood Haider Cancel taxes in the budget for the year 2015 Act. Haider said in a press statement that "from within the budget bill, which has issued instructions to the Ministry of Finance for the year 2015 is a tax which is imposed on the companies and not the citizens directly as companies mobile phone and the Internet, cigarettes, alcohol and cars," denying "there is no intention to cancel the tax." "The Iraqi citizens must get used to missing the tax culture of our time ago, because all the nations of the world today rely tax law is president of part of the resources of the state and its treasury," noting that "the tax must come from higher-income traders owners and not the poor." http://l-news.net/index.php/economy/75075.html
    0 replies | 67 view(s)
More Activity