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  • harry's Avatar
    02-21-2018, 02:18 PM
    Merry of Iraqi dinar 2/21/2018 I did not find anyone addressing the phenomenon of the decline in the dollar exchange rate against the Iraqi dinar recently, or pointed to the important role and the President of the Central Bank of Iraq in achieving this event. Which reflected positively on the Iraqi market through the return of life of the Iraqi dinar, and his recovery significantly, which helped to expand the positive situation in society, despite the difficult circumstances left by the effects of the battle of liberation against Daqash, and the search for reconstruction and the requirements of the campaign DONC taking place in the provinces .. The Central Bank of Iraq has done a mechanism during the recent period, which led to a decline in the exchange rate clearly and to low levels even in the black market, and this decline has a positive impact on inflation and enhance the value of the Iraqi dinar significantly, where the ratio is equivalent to 4% For the benefit of the Iraqi dinar, and with this effort by the Central Bank, we find that the societal sensing, an exercise open to all and study does not require special training or complex exercises, but you need simple skills can be acquired by a little self-national effort, and sense Strategic questions In a practice and any poverty at this level inevitably reflected on its bid, provided that the goal is to provide the security umbrella and safety of his community, and the individual Iraqi welcomed with good steps of the Iraqi Central Bank, which made the Iraqi dinar, restore the splendor in the currency market .. Financial stability and the strength of the Iraqi dinar aim to reduce the systemic risks that have emerged with the recurrence of financial crises. The IMF defines systemic risks as the risk of discontinuing the provision of financial services resulting from the disruption of one or all sectors of the financial system (financial markets or banking sector) which leads to financial infection among the financial sectors as a whole. The Central Bank has confirmed in its steps the ability of the financial system to Acting as a financial intermediary and source of the necessary financial liquidity in a reasonable balance, to drive economic growth smoothly The Central Bank has shown that the knowledge of daily and non-daily suffering of citizens and the pursuit of their difficulties is more characteristic of those who deal with responsibility, The fountain of every success and every happiness sap true, and every corner downright upgrade on the individual, social and humanitarian level .. congratulations to Danarena, and reproach to colleagues who write in the financial and economic affairs .. http://economy-news.net/content.php?id=11215
    1 replies | 132 view(s)
  • harry's Avatar
    02-20-2018, 08:44 AM
    Disclosure of the date of approval of the budget 2/20/2018 The source revealed the parliamentary, on Tuesday, the date of approval of the budget, between it will continue after the emergence of the book of the Ministry of Planning, which determined the proportion of the region and the approval of the Kurdish blocs. The source said in an interview with (Watan News) that "the financial budget for 2018 will continue after the emergence of a book of the Ministry of Planning, which set the proportion of the region," noting that "the Kurdish blocs agreed on the statistics of the Ministry of Finance, which set 14% or less." The source, who declined to be named, said that "the parliament will go to approve the budget by a political majority represented by the National Alliance and the Union of forces and some Kurdish parties." http://www.wataniq.com/news?ID=25691
    1 replies | 101 view(s)
  • harry's Avatar
    02-21-2018, 01:53 PM
    The formation of an armored brigade equipped with tanks «T90»2/21/2018 Ministry of Defense will complete the formation of an armored brigade equipped with advanced Russian-made tanks recently received . On the sidelines of his visit to Basra on Wednesday, the army chief of staff, Lieutenant General Osman al-Ghanmi, confirmed the completion of the formation of a new armored brigade that includes formations equipped with Russian T90 tanks that arrived in Iraq recently. The Ministry of Defense received 36 tanks from the armament with the Russian side, The end of April will witness the completion of the formation of this brigade, which increases the ability of Iraqi forces in general and armored vehicles in particular. http://www.alsabaah.iq/ArticleShow.aspx?ID=153146
    1 replies | 61 view(s)
  • harry's Avatar
    02-22-2018, 08:44 AM
    Without reasons .. The central wait for the opening of branches of financial transfer companies 2/22/2018 The Central Bank of Iraq, today, the fifth, to delay in opening branches of financial transfer companies."It was decided to wait for the approval of the approval of the plan to open the branches of authorized transfer companies in Baghdad and the provinces during the years 2017-2018," the bank said in a statement obtained by Al-Jazeera Press. "The decision excludes companies that complete the requirements to convert them to Islamic banks," the bank said. The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It oversees 10 commercial banks, 26 banks and 16 banks.Islamic banks, as well as 19 foreign banks, as well as 6 financial institutions and 31 financial transfer companies. " http://aletejahtv.org/permalink/206281.html
    0 replies | 89 view(s)
  • harry's Avatar
    02-19-2018, 09:05 AM
    Parliamentary Finance reveals the addition of eight paragraphs of the budget and the amendment of 4 articles and set the date of voting 2/19/2018 A member of the parliamentary finance committee Hossam al-Aqabi said on Monday that "daily meetings are continuing to make some amendments to the law of the general budget," stressing that his committee "will submit the draft law to vote within one week . ""The financial committee voted in its meeting held on Sunday to cancel one of the paragraphs of the budget law related to the deduction of 3.8% of the salaries of employees and retirees," he said, adding that "eight new paragraphs will be added and four Materials on the draft budget bill by the parliamentary finance . "He explained that "the rate of transfer and reduction will be few in the budget this year compared to previous years because of the financial crisis experienced by Iraq," stressing that "the taxes set by the government raised from non-oil revenues to about 600 billion dinars of its total size of 13 trillion dinars ". "The non-oil revenues obtained from the budget for the year 2017 exceeded 13 trillion dinars after it was planned by 12 trillion dinars ."He concluded that "points of contention with the Kurdish forces are waiting to discuss with the Prime Minister to agree on them ." http://www.wataniq.com/news?ID=25628
    0 replies | 82 view(s)
  • harry's Avatar
    Yesterday, 08:22 AM
    Economics of wars 2/22/2018 A strange subject perhaps not heard by many of us, and I may be one of the few who will be involved in this subject. And the economics of war as a simple initial definition is the set of steps and measures taken by the state to counter economic crises in times of war. In fact, any country that takes a series of economic measures in time of war to control the market in all its forms, the most important currency market (exchange rate) and we are now living the consequences of wars, which lasted several years. The economy of any country is exposed to crises and setbacks in times of war. The state should take the necessary measures to control the fluctuations in currency prices and prices of basic materials. If we want to provide some examples of the basic measures to be taken in times of war, In any way there are a lot of ways known by any economist working in the government job. The control of the prices of the main basic materials that belong to the citizen's livelihood can be by contributing to the provision of locally or facilitate the importation in the event of raising prices by traders or unintentionally due to lack of market or monopoly. These measures also include the launching of small and medium-sized loans, especially those that help small industrialists and traders to continue their businesses and factories so as not to stop and cause higher prices and increase unemployment among workers of these factories. It is necessary for the government to provide strong support to small and medium-sized enterprises because it is the first to be affected by wars. The forms of support are different, mainly reducing taxes on their imports or imposing taxes on similar goods imported from abroad . The importance of reducing taxes and duties on importers of basic commodities, even if this causes little harm to the state's revenues, will lead to the provision of basic commodities to the citizens in order to prevent monopolies. It is also necessary to provide exceptional support to the social protection network and the unemployed during wartime. The reassurance and continuous media appearance of currency and trade officials is important to reassure the public, which will stabilize the market and miss the opportunity for speculators and the fifth column. The limit or control of the foreign exchange of foreign currency to prevent the flight of foreign currency during times of war is one of the most important measures and measures that the government must take, along with many other measures that require space to be made available with the real will to implement them because the country is full of many economic competencies Which, if allowed to work or used by the state to change the situation towards the better. Teaching at the University of Diyala http://www.alsabaah.iq/ArticleShow.aspx?ID=153202
    0 replies | 75 view(s)
  • harry's Avatar
    02-22-2018, 08:37 AM
    Serious moves to restore property owned by Iraq 22/2/2018 After some 342 of them were taken out of the country Baghdad / Tareq al-Araji The Ministry of Finance announced the completion of the inventory of Iraqi real estate in the European and Arab countries, which amounted to 243 properties of different categories, pointing out that it follows the other real estate that was called certain fronts during the rule of the former regime, while the Department of Real Estate State that it coordinates with the relevant parties to resolve this file . The head of the committee for the inventory of foreign state real estate, Inspector General of the Ministry of Finance Maher al-Bayati, told the "morning": The committee, which was commissioned by the Prime Minister Haider al-Abadi completed an inventory of 243 properties belonging to the state outside Iraq from various groups in the countries of the world, Recommended the need to follow the real estate of the state and registered with other fronts in coordination with the National Intelligence Service. Al-Bayati added that "the committee also directed the need for the Ministry of Justice in coordination with the Ministry of Foreign Affairs to file legal proceedings to stop the abuses of some real estate, in addition to coordination to resolve the cases established in addition to directing the state real estate to form a specialized section to prepare a database of those properties and document follow-up. In turn, the director of the Department of State Real Estate, Ahmed al-Rubaie, "the morning," that "the Department coordinates with relevant authorities such as the Ministry of Foreign Affairs and the National Intelligence Service to resolve this file as soon as possible, especially that the government has returned this issue among its priorities," revealing that "most Real estate is located in France and Britain as well as other properties in the UAE, Jordan and Saudi Arabia. " http://www.alsabaah.iq/ArticleShow.aspx?ID=153249
    0 replies | 74 view(s)
  • harry's Avatar
    02-21-2018, 02:28 PM
    IFC and Central Bank of Iraq to Strengthen Corporate Governance in the Banking Sector 2/20/2018 Baghdad, Iraq, February 20, 2018—IFC, a member of the World Bank Group, and the Central Bank of Iraq are launching a series of specialized workshops, starting today, to raise corporate governance standards in Iraqi banks and strengthen the country’s banking sector. IFC’s advisory services team will support the Central Bank in implementing its new mandatory corporate governance banking guidelines. IFC will initially train all key managers in the Central Bank and then roll out workshops to board members from all the country’s banks. Topics include understanding the unique nature of governance in the sector, the right composition of boards, and risk management best practice. Aly Al Alaq, Governor of the Central bank said: “Helping banks implement sound corporate governance practices will increase the sector’s resilience and sustainability and make them more investment-friendly, enabling banks to not only boost efficiency, but also increase profit.” The initiatives are part of IFC’s strategy to spur private sector growth in Iraq and scale up support for fragile and conflict-affected states, where private sector investment is key. For companies operating in conflict-affected environments, strong corporate governance can be vital for sustainability. “Our aim is to foster a positive corporate governance culture within which banks in Iraq can operate, to strengthen the sector and drive growth,” said Ziad Badr IFC Principal Country Officer in Iraq. “Improved practices help attract direct investments and ultimately stimulate social welfare and economic growth.” IFC has been working to improve corporate governance in Iraq since 2014. As well as working with local institutions, in May 2017, IFC launched the country’s first independent institute of directors—the Kurdistani Institute of Directors (KIoD)—alongside the Erbil Chamber of Commerce and Trade, which advises on best practice and strengthening the role of independent directors and boards. IFC’s advisory work in Iraq focuses on building the capacity of financial institutions, supporting governments, helping private firms improve their environmental, social, and governance standards, and mobilizing private investments through public-private partnerships.https://reliefweb.int/report/iraq/ifc-and-central-bank-iraq-strengthen-corporate-governance-banking-sector-enar
    0 replies | 74 view(s)
  • harry's Avatar
    02-19-2018, 08:55 AM
    Parliament plans to impose new taxes and an expert reveals its implications for the Iraqi economy 2/19/2018 BAGHDAD (Reuters) - The country's determination to impose new taxes on some private sectors will lead to a series of problems, including inflationary pressure in the Iraqi economy, economic expert Salam Samisem said on Sunday. "The determination of the state to impose a new law on taxes on some private sector projects will lead to a series of problems, including inflationary pressure in the Iraqi economy and this inflationary wave will be the burden primarily on the citizen indirectly because these taxes are called Indirect taxes ". "These taxes will reduce the real value of citizens' entry and reduce their access to the services and goods they need on a regular basis because prices will rise and therefore there will be a large inflation in the market." The head of the Authority, Abbas Ali, said in a statement to the official Sabah newspaper earlier today that the body has prepared many measures to improve the methods of collecting the tax in addition to imposing new ones on some sectors that did not include last year, including a sales tax on goods traded in the Malls and large markets by 10 percent and the same on men's and women's shaving salons "indicating that" these two will be implemented after the approval of the budget and the approval of the House of Representatives on them. http://aynaliraqnews.com/index.php?aa=news&id22=92980
    0 replies | 65 view(s)
  • harry's Avatar
    02-22-2018, 08:32 AM
    Expectations of a vote on the budget next Tuesday2/22/2018 144 billion dinars for people with disabilities .. And $ 200 million for small projects Baghdad / Sabah / Omar Abdul Latif While the Kurdistan Alliance is still adhering to its position and insisting on not attending the parliamentary sessions until its demands are met, the parliamentary finance committee suggested the possibility of voting on the draft general budget for 2018 in Tuesday's session next week, revealing the allocation of 200 million dollars for small income-generating projects. Reiterating the right of the employee A member of the Finance Committee Magda Abdul Latif al-Tamimi, in an interview for "morning": "Several amendments were made to the budget to ensure greater interest of citizens and employees in general, including the abolition of the paragraph deduction of a percentage of salaries (3.8) Members of the committee and find an alternative to the decline that will be caused by this cancellation, in addition to lifting the restriction on promotions and allowances and delete and development after it came from the government as a natural right to the work of the employee. Tamimi added that "the budget included an increase of 144 billion dinars for the disabled victims of terrorism or those who responded to terrorism," and urged "supervisors to sponsor them after the amount allocated to them in the budget of 60 billion only as salaries without providing any assistance to the breadwinner," indicating that " Amount to the emergency reserve clause of 2 trillion dinars. The committee member added that "200 million dollars have been allocated for the establishment of small and income-generating projects for the employment of young people instead of remaining unemployed." To the presence of 40 million dollars added to the social welfare network. " Tamimi pointed out that "the Kurdistan Alliance is unique to the rest of the parliamentary blocs to object to some paragraphs of the budget, the most important proportion of the region, which should be 13 percent according to the ration card as the standard applied to all Iraqis, instead of the 17 percent in force previously," expected to "vote Parliament on the draft budget in the meeting next Tuesday. " Rebalancing the government "The Finance Committee told us that within a week, the amendment to the federal budget law of 2018 will end," Speaker of the House of Representatives Saleem al-Jubouri announced after Saturday's session. In turn, the MP for the State of Law Jassem Mohammed Jaafar, that "the Presidency of the Council of Representatives will hold a meeting with the heads of political blocs to discuss the transfer of 1 percent of the budget funds and convince the political blocs need to pass," noting that "failure to reach a solution on the budget will lead to Re-draft the government for a third amendment to it. " Jaafar added that "the Kurdish deputies have become fully convinced that the possibility of increasing the proportion of the Kurdistan region and to return to 17 percent as it was," noting at the same time that "the Union of forces is strongly opposed to the amendments that took place." Jaafar pointed out that "the continuation of the boycott of political blocs meetings and not to submit to the vote will force the Presidency of Parliament to re-draft the budget law again to the government for the purpose of a third amendment or complete the fiscal year without balancing and work according to Law (12/1) Between {powers} and {Kurds} However, the MP for the coalition of Iraqi forces, Ahmad al-Jubouri, likely to pass the budget in the absence of Kurdish deputies, conditional on that to stimulate the National Alliance of deputies to attend and the presence of deputies of the Alliance of Forces. He said Jubouri, in a press statement: "The federal budget will pass by the political majority and the absence of the Kurds," explaining that "the National Alliance if he could stimulate his deputies to attend and the presence of a number of deputies of the Alliance of forces can be passed," noting that "the proportion of 17 percent of the region has become The past despite the insistence of representatives of the Kurds on them. " And while the MP for the bloc of the wisdom of the parliamentary Hassan Khalati, in a statement, that "everyone has the conviction and desire to pass the federal budget for the current year," and expected that "all reach an agreement to pass the budget within the minimum limits of consensus, Lord, attention to that " On the other hand, said MP from the Kurdistan Democratic Party, Berwan Musleh Khailani: "The demands of the Kurdish blocs within the Constitution does not reduce the value of the budget," excluded "pass it at the moment because of the major differences on them," she said. http://www.alsabaah.iq/ArticleShow.aspx?ID=153220
    0 replies | 62 view(s)
  • harry's Avatar
    02-22-2018, 08:26 AM
    Poverty alleviation program meets basic needs2/22/2018 It aims to address the concentration of wealth Baghdad / Emad Al-Amara The success of the poverty alleviation program in Iraq requires strengthening and supporting income redistribution policies by adopting a growth policy that is fundamentally equitable because the economic structure of each country is the most important factor influencing any strategy to redistribute income among citizens. Economic, social, and direct and indirect taxes on income, assets and prices paid for goods and services transferred (transfer expenses), stressing that " In the distribution system are prerequisites for a redistributive policy. " Poverty Reduction Hisham added that "factors play an important role in shaping the policy of reducing poverty and addressing the concentration of wealth and unfairness." He explained that "the most important factors are the economic structure of the country, the level of development achieved, and economic philosophy of the economic file." "Policies for empowering the poor can not be achieved without reform and the effective participation of citizens in making their decisions, and this depends on the ability of individuals based on their income and education," he said. Distribution of Income Hisham pointed to the importance of "equity in the distribution of income for the success of any macroeconomic framework that seeks to achieve this. Three objectives must be achieved: first, achieving growth rate exceeding population growth rate; second, reducing growth volatility; and third, directing growth towards a fairer path. "He said. "Different mechanisms can be used to redistribute income, including reforming the tax system, based on progressive taxes on income, restitution of property taxes, moderate taxes, reallocation of public spending and a focus on education and health, which would reduce unemployment," he said. Small projects Hisham pointed to the need to "find solutions that are a priority in reducing poverty, and to encourage the financing of small projects as a way to reduce unemployment and encourage the private sector, as well as keep the support within the scope of the eligible and check the social protection network periodically as a kind of safety for the poor deserving and reducing Of waste and financial and administrative corruption in this area. " Consumer capacity "The improved understanding of poverty and the recognition of its multiple dimensions have shown two results: the first is the wide range of strategies and policy packages used to combat poverty, alleviate the hardships of the poor, and the widespread recognition that these strategies and policies are interrelated. " Standards and pointed out that "the most important measurement criteria of poverty are the financial criteria or economic effect that poverty is a lack of income or consumption, ie the lack of income or required to meet current basic needs of consumer power or attain a minimum standard of living, and a point chapter in Income or consumption which is referred to as an poverty line is the limit that if the income of the family or individual or the level of consumption is reduced, it is classified in the field of the poor. Non-economic criteria for measuring poverty, according to Hisham, focus on output rather than income. They measure poverty according to the non-economic aspects of well-being, such as health, education, environment, empowerment and participation. http://www.alsabaah.iq/ArticleShow.aspx?ID=153203
    0 replies | 60 view(s)
  • harry's Avatar
    02-19-2018, 09:11 AM
    US report: Kuwait conference failed and a humiliating blow to Iraq threatens the future of Abadi 2/19/2018 The New York Times reported on the Iraq reconstruction conference held in Kuwait, saying it was heading for 'failure', usually a 'humiliating blow' to the federal government headed by Haider al-Abadi . "Iraq has destroyed a war with extremists who are calling for the destruction of cities and the displacement of millions of people. Iraq has asked the US-led allies for $ 88 billion for reconstruction," the paper said . The Iraqi fund-raising conference in Kuwait, attended by dozens of potential donors, went into failure on Tuesday, with barely $ 4 billion - and nothing from the United States, the paper said in its report. While the conference does not end until Wednesday, the message was clear: President Trump left the building of the Iraqi state to others, and they barely respond . "It was a humiliating blow to the Iraqi government, which could not afford a fraction of the cost of rebuilding the war that in some respects was the result of the 2003-2003 US-led occupation . "This failure threatens the political future of Iraqi Prime Minister Haider al-Abbadi and undermines years of efforts by the United States and others to stabilize Iraq and fight extremism, " it said. http://www.ikhnews.com/index.php?page=article&id=164481
    0 replies | 59 view(s)
  • harry's Avatar
    02-21-2018, 01:26 PM
    Iraqi move to join the Asian Bank2/21/2018 BAGHDAD / Mustafa al-Hashemi Iraq is moving to enter as an observer in the Asian Bank to invest in infrastructure for the purpose of participating in the reconstruction of cities destroyed by terrorism after the figures showed amounts, which resulted from the Kuwait Conference for the reconstruction of Iraq, insufficient to meet the needs of the reconstruction of destroyed cities . The Asian Infrastructure Investment Bank (AIIB) was established in 2014 as a US $ 50 billion international bank with more than 35 non-US contributory countries based in Beijing. The Financial and Banking Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh in a statement to the "morning" on the existence of a formal move in this regard to join the Asian Bank for investment in infrastructure, explaining that "the economic and financial conditions that passed in the country in 2014 prevented the accession of Iraq at the time to this bank, A few million dollars. " Participation and membership continued "If Iraq had the necessary funds to join it would have entered as a shareholder in addition to another group of countries," adding that "the decline of oil prices to very low rates and the emergence of" dashing "was one of the main reasons for joining this the bank". "We are now moving towards Iraq as an observer," he said. "We hope that this year will witness the end of the procedures for joining the Asian Investment Bank in infrastructure to build cities and build good infrastructure for Iraq in general." He said that "as much as the funds contributed by countries in the Asian Bank to invest in infrastructure, they in turn receive contributions from loans and grants to meet the need of their countries for reconstruction and infrastructure. Conditions of accession Saleh stressed "the absence of obstacles to the accession of Iraq to this bank, noting that the requirements of loans of the IMF and the World Bank does not include restrictions on joining the Asian Bank for investment in infrastructure." The current period calls for concerted international and domestic efforts to rebuild the cities devastated by terrorism because Iraq fought a war on behalf of the world through a campaign to fight the terrorist "terrorist" organization. Kuwait's reconstruction conference ended last week without reaching the target of $ 88 billion, which was estimated to be sufficient to rebuild the cities devastated by terrorism. The results resulted in the allocation of $ 30 billion in loans and investments to donor countries participating in the conference. Internal borrowing in this regard preferred academic economic d. Falah Hassan Thueni the process of borrowing from the internal to external borrowing and in accordance with a particular arrangement of deliberate measures to exploit the surpluses of funds in local banks and employment in the reconstruction process . He added in an interview for "morning" that the foreign investment requires the presence of several factors do not require a lot of local counterparts, "noting that" the need to allocate projects of economic feasibility commensurate with the volume of excess liquidity in banks rather than external borrowing. " True contexts Tueini pointed out that the success "The process of financing reconstruction projects requires the existence of effective banks and the ability to finance productive loans instead of the launch of loans called individual loans lost, " adding that "Success also requires the development of plans for the establishment of strategic projects related to infrastructure by adopting the correct working contexts to support such Producing projects that requires the government to be the guarantor of it. " "The Iraqi Trade Bank (TBI) is able to finance part of the reconstruction projects of cities destroyed by terrorism, as suggested by the bank earlier," he said. http://www.alsabaah.iq/ArticleShow.aspx?ID=153163
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  • harry's Avatar
    02-19-2018, 08:43 AM
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  • harry's Avatar
    02-19-2018, 09:28 AM
    13 F16 aircraft to Iraq next year 2/19/2018 A new batch of F-16 fighter jets will arrive in Iraq starting next year, the Washington-led international coalition said .Deputy Commander of the International Coalition Forces, Major General Andrew Croft, said in a televised statement that the new batch includes 13 fighters of this type and will arrive in Iraq 'probably' next year . With this payment, the number of aircraft to be flown by Iraq will rise to 34 . Croft did not say whether the planes would arrive in Iraq at once or in separate payments . Baghdad and Washington signed an agreement in 2011 to buy 36 F-16 fighter jets . Iraq received the first batch of these aircraft in July 2015 and then received the other payments successively in subsequent years . The Iraqi Air Force used F-16 fighter jets in the battles, which were supported by the US-led coalition against a staunch organization . http://www.ikhnews.com/index.php?page=article&id=164490
    0 replies | 56 view(s)
  • harry's Avatar
    02-19-2018, 08:50 AM
    abinet announces key recommendations to ensure sound investment climate in Iraq 2/19/2018 BAGHDAD - The Cabinet on Monday approved key recommendations to ensure a sound investment climate in Iraq, to ​​be implemented in accordance with the law. The recommendations, according to a statement to the General Secretariat of the Council of Ministers received by "Iraq News" received the full life cycle investment, namely the strategic vision, attract investment, enter and establish investment, and encourage investment and expansion, and indirect links and effects. The main recommendations include the establishment of an operational system for special economic zones in Iraq, the formulation of the guidelines for the national investment policy statement, the empowerment of the economic reforms unit to provide technical support to the Higher Committee to implement the plan of action of the agreed investment reforms, and technical support to the proposed prime ministerial committee for investment projects To implement Basra's investment reform plan, review visa requirements and propose a plan of action to streamline visa procedures and establish a clear investor visa category. "The recommendations include setting measures to increase access to information and opportunities for private sector participation in government tenders, providing technical assistance and financing to the private sector to enable it to respond to government tenders, encouraging and facilitating corporate arrangements between Iraqi companies and their foreign counterparts and clearing financial arrears to the private sector http://aynaliraqnews.com/index.php?aa=news&id22=93007
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  • harry's Avatar
    02-21-2018, 01:36 PM
    Exploitation of funds to move towards the reconstruction and development of Iraq2/21/2018 Amer Eissa Al-Jawahiri * Although the aim of organizing the International Conference for the reconstruction of Iraq in Kuwait for the period from 12 to 14 February 2018 was clear to all concerned concerned about the future of Iraq by providing all the resources and requirements for its development and prosperity, regardless of the method and details of the organization and speech addressed to the world and the outcome of the conference , But what is important is what we will do to put Iraq's economy and future in the right direction. The great interest of the conference was noted by the countries and companies looking for work. Regardless of the style of Iraqi discourse addressed to the world at this conference, but it should be noted that the expression of interest in the outcome of the conference between the need for more attention to grants and focus on the provision of loans that do not generate payment factors. This result indicates the need to reconsider the international consideration of Iraq's position in the fight against terrorism and the current and future serious losses, the first of which were tens of thousands of victims. However, it is clear that the loans will increase the bondage of Iraq and its future generations with commitments indicating the difficulty of fulfilling them. Therefore, we recommend that the government thank all the countries and institutions that provided loans at the conference and reconsider their acceptance or not. That Iraq's role is not to seek aid but to assess its role in protecting the international community. At the same time, utmost transparency, priority and professionalism are emphasized in the acceptance and approval of such grants and the use of civil society organizations in their implementation. In any case, the direct exploitation of one billion dollars and its implementation requires time and it is imperative for Iraq to develop its management of this file. The results and measures of the success of the conference should be evaluated, including the number of interested companies and the importance of subsequent meetings of companies. To hold it in Baghdad. Crisis Group Strategy The economic affairs in Iraq should be a "strategic crisis team" whose mission will be purely economic. It will include strategic experts in various fields from the government apparatus, retired experts, representatives of civil society organizations and private sector institutions. The team sets out visions and endorses the comprehensive national strategy, which includes all the strategies adopted with the development of policies and implementation plans. It monitors, evaluates and follows up on its implementation. This team follows up on the development plans and measures to diversify the economy and deal with the current and future expected crises such as oil and gas, manufacturing, sustainable energy and its uses, financial resources, water, agriculture and industry. Development of methodology, work ethic, societal values, education, scientific research, youth and the environment, and monetary and financial policy Banks, investment and partnership between the public and private sectors and public companies turning to companies contributing files loans and the future of future generations, infrastructure, services, communications, transportation, ports and dry channel. This group can look at international relations as well. The team sets up a follow-up mechanism for all steps to ensure its inevitable success. The confidence of the international community that the success of the reconstruction and development in Iraq will be reflected on the local economic reality and be an attraction for international companies and investors and enhance the confidence of the international community in the Iraqi administration, which will propel it in the future to support Iraq more than that development will require the participation of companies of these countries is a mutual interactive two-way guarantee the future Our grandchildren must pay attention to the historical responsibility of the current generation, which is running Iraq in the development of solutions for the near, intermediate, remote and far stages and take practical steps on the right track to live the current generations better and ensure The future of our grandchildren and future generations. Comprehensive reconstruction commitments Otherwise, the deferred obligations will accrue to Iraq without generating revenues and the future will include limited oil revenues as the world moves towards sustainable energy. The requirements and commitments of the country's overall development and development will increase. Development and renewal of infrastructure and services, as well as increased commitments to meet the requirements of society, what is required to address the productive degradation and productivity of society, the payment of loan commitments and so forth. How will all this be implemented in the current economic There is nothing to be achieved by forming committees without efficient or new administrations, supporting civil society organizations and the private sector, and adopting the principle of reward and punishment. New sources of funding In addition to the need to direct immediate and decisive action to revitalize and diversify all economic sectors, we propose a firm initiative in the search for new sources of funding with the utmost professional, including: - serious direct implementation of major industrial and agricultural projects in the manner of partnerships and all methods and support the private sector to set up its projects. - Restoring all public assets seized to the government, based on force and legitimacy, evaluating them at market prices and disposing of those that are not suitable for public benefit transparently, selling them and transferring the remainder to deliberate uses of government institutions. - Follow-up and return of balances, real estate, companies, projects and shares belonging to the former regime and recorded in various names. - The return of looted money by the corrupt, whatever the cost. - Fighting corruption, fighting bureaucracy and routine and improving the performance, productivity and attention of workers to respect the traditions of work will lead to direct and indirect returns and reflected on improving the business environment. The path to prosperity The need to adopt the success story of Iraq and address the negative aspects of corruption and deterioration and the business environment and improve the economy to prove to our people and current generations and subsequent ability to walk to prosperity and prove to the world our ability to partner with them, which will raise the quality and volume of investment transactions. That the circumstances of the country and the challenges facing it are an incentive to search for all ways and means to confront the crisis and take the steps of a thousand miles ... The Soviet Union, Vietnam and other countries did not wait for the development of their economies and industry to face the destruction during the two wars only the will and unity of management and society to withstand and build their capacity as well Japan's efforts Destroyed after the Second War and without resources to turn into this giant economy. We need example, initiative, will and action to assume historical responsibility. * Consultant in industrial development and investment member of the Baghdad Economic Forum http://www.alsabaah.iq/ArticleShow.aspx?ID=153166
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  • harry's Avatar
    02-20-2018, 08:23 AM
    Alaq calls for follow-up of Kuwait Conference commitments 2/20/2018 The Secretary-General of the Council of Ministers, Mahdi Al-Alak, called on representatives of the diplomatic missions to follow up the implementation of the commitments made by their countries at the Kuwait Conference. In a statement issued by the General Secretariat of the Council, Al-Sabah received a copy of it that "in the light of the guidance of Prime Minister Haider Abadi during the meeting of the Council of Ministers held after the end of the International Conference for the Reconstruction of Iraq in Kuwait, "The two sides discussed the meeting with the heads of (the advisers, the National Investment Authority and the Reconstruction Fund for the affected areas), the ministries of finance and electricity, and a number of other officials, as well as representatives of the concerned parties. Hanger, in addition to the European Union and the United Nations and the World Bank. " The Secretary-General of the Council of Ministers, according to the statement the importance of follow-up results and outputs of the conference and deal with loans and grants and investment opportunities in accordance with the frameworks developed by Iraq in cooperation with the World Bank. During the meeting, the form prepared by the World Bank for the details of the funds that the countries are committed to operating in Iraq was presented and includes areas of expenditure according to the interest of the participating countries and their channels of management according to the statement. The Secretary-General reviewed the main results of the conference, stressing that the World Bank and the United Nations expressed their great satisfaction with what has been achieved, especially after the presence of more than two thousand people representing international companies. http://www.alsabaah.iq/ArticleShow.aspx?ID=153083
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  • harry's Avatar
    02-21-2018, 02:14 PM
    Abadi agrees with a Kurdish proposal to form a technical committee on the budget 2/21/2018 A member of the Finance Committee MP Masoud Haider, on Wednesday, the approval of Prime Minister Haider Abadi on a Kurdish proposal to form a technical committee to discuss the government technical issue related to the budget. "The Kurdish representatives in the Finance Committee have submitted a proposal to Prime Minister Haider Abadi to form a technical committee to discuss the technical issues and differences on the budget," stressing that "Abadi agreed to form the proposal and we are waiting What will happen to him. " "He said Haider, a deputy of the Kurdistan Alliance," he hopes the prime minister to reach a final solution on the budget, "stressing that" the region needs salaries and projects estimated at 10 trillion actually. " The MP for the National Alliance Sadik al-Mahna revealed in a statement on Tuesday on the removal of many obstacles that stood in front of the adoption of the law of the general budget, while he confirmed that some Kurdish lawmakers agreed to pass the law, it is likely to vote by majority during the coming sessions. http://www.knoozmedia.com/313604/%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D9%85%D9%82%D8%AA%D8%B1%D8%AD-%D9%83%D8%B1%D8%AF%D9%8A-%D9%84%D8%AA%D8%B4%D9%83%D9%8A%D9%84-%D9%84%D8%AC/
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  • guardian's Avatar
    Today, 04:00 AM
    What Are the Dangers of Drinking Distilled Water? by BARBARAA Oct. 3, 2017 Water is big business. Distilled water was considered for general consumption in the 1960's when demand for water in certain areas of the world outstripped availability. Cruise ships also needed ready access to clean water. The potential for drinking water absent minerals was not considered due to the need for a safe water supply at that time. In the interim, much has been learned about the dangerous to your health when distilled water is consumed on a regular basis. Drinking distilled water robs your body of its natural source for many minerals essential to good health. This results in mineral loss in the body with increases your risk for osteoporosis, osteoarthritis, hypothyroidism, hypertension, coronary artery disease and premature aging. Because distilled water does not contain any fluoride, dentists are beginning to see an increased number of cavities in young children who drink bottled water. Consumers believe bottled, distilled water is safer than the water supplies in their local communities. The WHO and others studied the use of distilled water and found that because it is stripped of all minerals it can cause electrolyte imbalances in your body. Your body will leach electrolytes from your tissues in order to add them to the mineral free water you are drinking. This is necessary so that your body can function normally and eliminate waste. If the water redistribution process in your body is not functioning properly, you may experience fatigue, weakness, headache, muscle cramps and an abnormal heart rate. https://www.livestrong.com/article/372479-what-are-the-dangers-of-drinking-distilled-water/
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  • harry's Avatar
    Today, 08:37 AM
    Efforts to develop financial management and investment in 2018 2/24/2018 To achieve a renaissance in Iraq's economy Baghdad / Sabah The Ministry of Finance seeks to implement the modernization of the public financial management systems by providing advisory services to the Independent External Auditor for the years 2017 and 2018 for public finance management, public investment management and public procurement at the federal level, at a time when the competent specialist to provide the staff for the success of this project to achieve economic renaissance Inclusive. International Finance According to a publication on the Ministry's website, the Ministry of Finance has received funding from the World Bank to cover the cost of the project and to allocate part of the funds for consultancy services. "Consultancy services (services) include the recruitment of an independent external audit firm to audit the financial management and investment management of the project, which is expected to start the work of consultants during the month of July 2018. Ensure transparency between the publication on the website of the Ministry of Finance The main objective of the auditor's work is to enable the auditor to clarify the professional opinion whether the submission of the financial statements of the project for the years ended December 2017 and December 2018 in a transparent and fair in all respects, and all cash received And year-end payments, accumulated from start-up to year-end, in accordance with IPSAS on the basis of cash accounting. The auditor also provides internal control over financial reports related to the preparation of replenishment payments, direct payments, payments made under special commitments and recoveries such as reimbursements based on reliable expenditure statements to support related cash withdrawals. The projects in all respects comply with the laws, regulations, guidelines and provisions of the loan agreement. Database "The accounting system for the project, books and records, provides the basis for the preparation of the PFS." The project's financial transactions are to be recorded and maintained by the PEA and the Finance and Planning Ministries through project management teams appointed to direct, manage and coordinate project activities in accordance with the requirements The loan agreement between the Government of Iraq and the World Bank, the Project Valuation Document, the Operational Manual of the Project, and the World Bank's Directives on Expenditure and Supply Investment Directive In turn, the academic economist Dr. Essam Mohammed Hassan described this project as an important step not Management of investments and the direction of investments according to the actual need for the requirements of the current stage and the country's need for infrastructure. He said in an interview with Sabah that this would "provide the opportunity to prepare Iraqi cadres to enter heavily in investment programs, which will absorb unemployment and provide access and gain practical experience." He stressed that "now is the time to implement this idea and not with the government, the private sector also from companies and banks until migrating experiences return home." He pointed out that "hundreds of thousands of jobs in Iraq will be available when the implementation of the decisions of the Kuwait Conference for Reconstruction, which calls for the start and provide the young cadres of workers and technicians, accountants, managers and operators of computers and work monitors and other disciplines that would achieve a comprehensive economic renaissance "He said. http://www.alsabaah.iq/ArticleShow.aspx?ID=153294
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  • harry's Avatar
    Today, 09:04 AM
    Abadi agrees to add one trillion dinars within the share of Kurdistan in the budget 2/24/2018 Advisor to the President of the Republic Abdullah Aliawi, Saturday, the approval of Prime Minister Haider Abadi to add the amount of one trillion dinars within the share of the Kurdistan region in the federal budget for 2018. "Al-Abbadi pointed out during the last meeting of the Council of Ministers that the Ministry of Finance made a mistake in determining the share of the province in the draft budget law for the year 2018, and reported the amount was the least should have been, so was added a trillion dinars to the share of the province And thus the total has reached 7 trillion and 250 billion dinars. " He added that "the increase of the share of the Kurds in the budget is made by political agreement, and that visit a delegation from the provincial government to Baghdad, to solve all the problems between Erbil and Baghdad." http://aynaliraqnews.com/index.php?aa=news&id22=93312
    0 replies | 23 view(s)
  • harry's Avatar
    Today, 08:56 AM
    Andbors proves the classification of the Iraqi economy at "B- / B" with a stable outlook 2/24/2018 He said Standard & Poor's credit rating, on Saturday, it is uncertain Iraq classification at "B- / B" with astable look . ""The stable outlook reflects expectations that the fiscal deficit will be modest over the next few years, " the agency said in a report . "It expects the prospects for the growth of Iraq's economy to be under pressure from domestic political tensions, production quotas imposed by the OPEC agreement and restrictions on government spending," she said . The agency said it expects Iraq's GDP to grow 1.9 percent in 2018 in line with production cuts in 2017-2018 before rising 2.5 percent in 2019 as oil production recovers. http://aletejahtv.org/permalink/206453.html
    0 replies | 21 view(s)
  • harry's Avatar
    Today, 08:46 AM
    Sudan: Iraq is moving towards a market economy 2/24/2018 BAGHDAD / Al-Sabah: The Minister of Labor and Social Affairs Mohammed Shiaa al-Sudani said that Iraq, having achieved victory over terrorist gangs, is witnessing a qualitative shift in its policies towards a market economy. "The government has embarked on a package of economic reforms to support the private sector and create an attractive environment for investment," Al Sudani said during a speech at the Islamic Conference of Labor Ministers held in Jeddah, Saudi Arabia. The Sudan, said «the Ministry of Labor and Social Affairs and its supporters began to pay attention to issues of poverty and unemployment through the enactment of new laws». http://www.alsabaah.iq/ArticleShow.aspx?ID=153320
    0 replies | 19 view(s)
  • harry's Avatar
    Today, 08:51 AM
    KUWAIT: Iraq will continue to repay debt until 2021 2/24/2018 Deputy Foreign Minister Khalid al-Jarallah said that "Iraq will continue to pay the debts of Kuwait until 2021, while noting that 85 cases between the two countries have been resolved. "In response to a question about the Iraq reconstruction conference and the pledge of $ 2 billion, Al-Jarallah said in a televised interview that "compensation is nothing, nothing is paid, and commitments at the Iraq reconstruction conference are another thing. "He said.He continued: "We sat with the Iraqis and with the United Nations, and agreed on a payment mechanism, and started Iraq, and will end in the year 2021. "He pointed out that "the issues that are still stuck between Kuwait and Iraq are simple, 85 of which have been resolved within the framework of Security Council resolutions, leaving very few (prisoners, property and maritime borders after point 62)." http://aletejahtv.org/permalink/206500.html
    0 replies | 18 view(s)
  • guardian's Avatar
    Today, 11:49 AM
    Thank you harry! I am healing. The prayers are so much appreciated!
    1210 replies | 75821 view(s)
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  • harry's Avatar
    Today, 08:25 AM
    good morning to all ds i pray that everyone will have a blessed weekend and enjoy its . guardian i pray that you are doing better after your lost of love one that GOD will be continued in your daily life and bless you.
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  • guardian's Avatar
    Today, 04:16 AM
    Bless You harry! Yes, the site is alive! Your dedication has kept it alive and our faith like yours that the dinar will someday have true value!
    1210 replies | 75821 view(s)
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