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

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  • harry's Avatar
    11-22-2017, 09:20 AM
    The International Monetary Fund confirms progress with Iraq on the budget for 2018 11/22/2017 The Central Bank of Iraq announced on Wednesday the completion of discussions with the International Monetary Fund on the third review of the credit agreement, noting the IMF's achievement of progress with Iraq on the budget in 2018, which comes in line with the agreement of credit readiness. The Iraqi Central Bank said in a statement that "the Iraqi authorities and experts of the International Monetary Fund continued discussions in the Jordanian capital of Amman from 17 to 21 November 2017 on the third review of the credit agreement with Iraq, which is 36 months. "The Iraqi authorities and the IMF team of experts continued the discussions on the third review of the credit agreement and made good progress towards reaching an agreement on the 2018 budget bill in line with the credit arrangement," the bank quoted the head of the IMF mission to Iraq, Christian Goose, as saying. The bank pointed out that "the mission team of the Fund met during the discussion period with the Governor of the Central Bank Ali Al-Alaq, Undersecretary of the Ministry of Finance Maher Johan, Undersecretary of the Ministry of Planning Qassim Attiyah, Advisor to Prime Minister Haider al-Abbadi, Chief of the Financial Supervision Bureau and officials of the Ministry of Finance and the Central Bank of Iraq and the Ministry of Oil, To the Iraqi authorities for their cooperation and for the open and productive discussions held with them. "The Executive Board of the International Monetary Fund has agreed to hold a credit agreement on July 7, 2016, amounting to 5.34 billion US dollars within the program of economic reform of Iraq. http://khabaar.net/index.php/permalink/61383.html
    2 replies | 120 view(s)
  • harry's Avatar
    11-19-2017, 08:44 AM
    Experts for the «morning»: reforms bring Iraq closer to the World Trade Organization 11/19/2017 At a time when the delegation of the National Committee on Iraq's accession to the World Trade Organization (WTO) in Geneva held a series of consultative meetings with experts in this field, two economic experts said that the reform measures of the Iraqi government bring Iraq closer to joining the organization. Thamer Al-Azzawi told Al-Sabah: "The government's reforms, which began more than two years ago, will prepare for accession within the next few years. " The role of Iraq, al-Azzawi pointed out that «Prime Minister Dr. Haider Abadi succeeded in implementing a package of economic reforms have borne fruit internally and externally, and won the confidence of the international community, which means increasing the world's conviction of Iraq's economic role, especially as the country began to gradually reduce dependence on oil returns Crude, but to export and achieve self-sufficiency in various sectors, which brings Iraq closer to the world organization ». Iraq has been accepted as an observer member of the organization in 2004, and its full membership requires several legal and legislative measures and the change of other laws in line with the laws of the international organization of 160 countries and there are 21 member States observer. Correct steps in turn, said an expert on Foreign Relations Saad Muhammadawi: that «Iraq has started to make true strides towards the advancement of its economy and cemented it, after the government reform measures.» "These reforms have won the confidence and respect of the neighboring countries, the region and the world, which has opened the appetite for seeking to join the Organization and Iraq is strong, especially after the victory over the terrorist", he added. The expert expected that Iraq will join the Organization during the next five years, provided it continues to implement reforms, and the promotion of productive sectors such as industry and agriculture. In the meantime, the Director General of the Department of Foreign Relations in the Ministry of Commerce, Adel Khudair Abbas, head of the delegation and Vice-Chairman of the National Committee on Iraq's accession to the World Trade Organization WTO on behalf of the Minister of Commerce, Dr. Salman Jumaili, said that «the delegation included the Directors General Customs and Standardization and quality control and adviser Central Bank and accession file officials in the WTO section ». A series of meetings added in a statement received «morning» copy, that «the delegation held a series of meetings with specialists in the United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO) to confirm the desire of Iraq to complete the files to join the World Trade Organization, and be Part of the international economic system ». Acquisition of membership He pointed out that "the government efforts aimed at the accession of the Republic of Iraq to the World Trade Organization continue and lead the efforts of the National Committee (the national team) to join the organization, which is headed by the Minister of Commerce, and includes in its membership several representatives of the ministries concerned and learn from the history of the World Trade Organization and the experiences of countries that The accession process of this international organization may extend for several years, as well as the stage following the acquisition of membership may raise many important issues and effects and serious challenges that require attention and knowledge and skill in dealing with them and predicting the occurrence of the And his legal team negotiating a comprehensive and detailed specific Obligations and the required reforms in the institutions and practices and economic policies required by Iraq's accession to the World Trade Organization have profound economic implications. » http://www.alsabaah.iq/ArticleShow.aspx?ID=147744
    1 replies | 145 view(s)
  • harry's Avatar
    11-22-2017, 09:06 AM
    adr announces support for Abbadi for second term 11/22/2017 His electoral record has been updated Baghdad / Al-Sabah Sadr's leader, Muqtada al-Sadr, called on voters to review the distribution centers to receive the voter card and the biometric registration. A statement issued by Sadr's office said that the leader of the Sadrist movement, . "The importance of adherence to the principles of independence, impartiality and integrity," he said, praising "the efforts of the Electoral Commission for elections as a constitutional institutions and working to establish the rules of the democratic system, as well as the simplicity of procedures followed. " In the meantime, Mr. Sadr announced his support for the nomination of Prime Minister Dr. Haider Abadi for a second term. Sadr said in a televised interview: "Abadi should give four more years to complete what he started," stressing that he "supports the candidacy of Abadi for a second term." http://www.alsabaah.iq/ArticleShow.aspx?ID=147924
    1 replies | 79 view(s)
  • harry's Avatar
    11-22-2017, 08:46 AM
    Benefits of localization of salaries11/22/2017 The benefits of localization of salaries do not depend on the withdrawal of the cash-strapped bloc to the arena of banking, while reducing the costs and risks of the movement of cash, but will extend these benefits to establish the entry of technologies in all banking operations in the Iraqi banking sector and the overall exchanges and financial transactions in the financial and business sectors and in all aspects of life. The entry of ATM, as the service delivery units at exchange and exchange points that are supposed to spread in the markets and streets, necessarily means that an infrastructure capable of accommodating the service request is the technology tools and the electronic payment systems. This also necessarily means the existence of electricity and internet services Other arms are companies that will employ technology specialists to integrate their work with banks and adopt these services. It is expected that this integration will contribute to enhancing the entry of other electronic services into the electronic trading and exchange arena, such as e-collection and previously announced job number services. It will also contribute to the reduction of the slippage rings that permeate the provision of banking services, The joints of everyday life. The technology outputs that will stand behind the payroll services will contribute to building bridges of trust between the public and the banking sector and will establish a culture of savings for the public when ATM units are available and accessible to the streets and commercial markets. When the beneficiary can use his electronic card inside and outside Iraq Both Therefore, we are about a major shift in the pattern of transactions and financial transactions and services provided by the banking sector, which is expected to withdraw its positive effects on the rates of bank credit as the exchange will provide banks with a monetary block can be raised credit rates, and the latter can contribute significantly to the rotation of the economy and revitalization Market movement is an opportunity for the lovers of this country of the project to insist on the requirement to raise the rate of credit to enter any bank in the system of these services, as what was said on this criterion in the selection of the 14 banks that started implementation, Guarantor of the existence of a banking sector that recycles money and create real development, next to the importance of other criteria established by the Central Bank, of which the total amount of deposits 5 percent reserves, as well as labor rates the legal reserve, which means that we will see the birth of a real banking sector if ratified intentions and applied these standards. http://www.alsabaah.iq/ArticleShow.aspx?ID=147907
    1 replies | 74 view(s)
  • harry's Avatar
    11-19-2017, 09:57 AM
    Expert: The parties have placed a "politicized governor" of the central bank to intervene in his policies 11/19/2017 expert Salam Samisem said on Sunday that the political parties put a political governor of the Central Bank to ensure the benefit of the bank and to intervene in its policies, while pointing out that the central bank must be completely independent and build its economic policy on the basis of science and before Owners exclusively. "The political parties have put a conservative governor of the Central Bank to take care to take advantage of the bank and intervene in its policies," she said. "The former central bank governor Sinan al-Shabibi was removed from his position because he was refusing and preventing the interference of political parties. The policies of the bank as it was independent without political affiliation. " The economic expert said that "the political blocs benefit from their interventions in the Central Bank, such as benefit from the sale of foreign currency and other things," stressing that "the Central Bank must be fully independent and to build its economic policy on the basis of scientific and by specialists exclusively without interference Political. " Earlier, Samisem confirmed that the central bank's foreign currency reserves had declined by one third due to several factors. She pointed out that many economists had warned against the danger of dependence on cash out of the monetary reserve, which represents the most important guarantee of financial stability and support the currency. Of the country. On February 20, 2017, the central bank governor Ali Al-Alak mentioned that Iraq had surpassed the biggest financial challenges it faced last year, adding that it also managed to maintain an acceptable level of cash reserves. http://aynaliraqnews.com/index.php?aa=news&id22=86834
    0 replies | 80 view(s)
  • harry's Avatar
    11-19-2017, 09:50 AM
    Jubouri is awaiting a parliamentary "inquiry" after returning from Washington 11/19/2017 MP for the coalition of state law Ahmed al-Badri, on Sunday, the intention of the deputies to submit a "query" to Parliament Speaker Salim al-Jubouri on statements made in Washington on the survival of US forces in Iraq, expressing his surprise at these statements and timing. Al-Badri said in a statement that "the statements made by the Speaker of the House of Representatives Salim al-Jubouri on the need for the survival of US forces in Iraq in conjunction with the end of the urging and seeking to secure the border efforts of security forces is surprising and disrespectful." He added that "these claims are not taken formally and does not represent the House of Representatives at all but is considered personal and does not carry any political value." Al-Badri said that "the deputies will submit an inquiry to al-Jabouri immediately after his return from Washington to justify his position and issue an official statement on his statements in which he supported the survival of US forces in Iraq." http://www.knoozmedia.com/281977/%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D8%A8%D8%A7%D9%86%D8%AA%D8%B8%D8%A7%D8%B1-%D8%A7%D8%B3%D8%AA%D9%81%D8%B3%D8%A7%D8%B1-%D9%86%D9%8A%D8%A7%D8%A8%D9%8A-%D8%A8%D8%B9%D8%AF/
    0 replies | 80 view(s)
  • harry's Avatar
    11-20-2017, 08:39 AM
    Contribution of banks to development 11/20/2017 International organizations have noted progress in the Iraqi financial sector after a journey of suffering due to policies that have been followed for decades that have led to a decline in economic reality in general. And this progress witnessed by the joints of the financial sector did not come out of the vacuum, but there are new systems, policies and mechanisms of work adopted by the father of this sector and means this individual Central Bank of Iraq, the main regulator of the reality of the financial sector and assesses through the mechanisms of the functioning of the banking system, especially the private which is expanding significantly . That the advancement from under the rubble and work hard task faced with major challenges and whatever the development of mechanisms of action we need more, and here we find that the Iraqi Central closely follows the reality of work and guide the evaluation, and the removal of banks from the reality of financial crimes in all forms after the banks have the ability to prevent Cases of money laundering and terrorism financing, as well as banking awareness, which is an important element in the banking system. Here we can say: The reality of the situation requires that we turn to the developmental aspects after the completion of regulatory measures with the great interaction witnessed by the last phase between banks and the Central Bank. And we have a large banking system represented by local banks and branches of major foreign banks operating in Iraq, and this device can support the stages of development through the performance of this device functions in a way that benefits the parties, and can follow the local banks and branches of foreign banks and know the extent of their contribution to the developmental aspects in Iraq, especially that the international capital wants to work in Iraq to the abundance of employment opportunities, let alone banks are already in Iraq, the task of work is easier and greater economic feasibility. The banking system around the world has witnessed great technical breakthroughs and can be used in Iraq through the branches of international banks located here, through activating cooperation with them to a large extent and the local competencies in these branches to acquire the necessary expertise, as the volume of work in Iraq is very large and absorb more efforts. At the same time, we can not deny that we have banks that have exceeded the large stages in the possession of technologies and find them in a clear interaction with the public and provide the necessary services, including major and modern, did not exceed the capital of 100 billion, which alerts that our banking system is able to support development and needs to know How much contribution to this matter, and here comes the role of the concerned authorities to organize this process and the classification of banks according to that and take care of the most prominent ones. http://www.alsabaah.iq/ArticleShow.aspx?ID=147798
    0 replies | 69 view(s)
  • harry's Avatar
    11-21-2017, 09:39 AM
    Parliament: Parliament will be forced to extend its legislative term 11/21/2017 The parliamentary legal committee, on Tuesday, extended the work of the House of Representatives after the end of the legislative term because of not receiving the draft budget law next year, indicating that the budget withdrawn after the arrival hours of Parliament. "The House of Representatives will be forced to extend its legislative term according to the Constitution only after the vote on the budget law next year." He added that 'the budget reached the parliament on Thursday afternoon and withdrew on Friday morning by the government without looking at its terms and implications, which means that Parliament needs more time to deliberate in the draft.' "The parliament is obliged to allocate funds to hold elections and vote on local and parliamentary election laws before enjoying a legislative holiday to ensure elections are held on time," Turan said. http://www.ikhnews.com/index.php?page=article&id=162270
    0 replies | 63 view(s)
  • harry's Avatar
    Yesterday, 09:22 AM
    Central banks contribute to economic balance 11/23/2017 Within its role as monetary economic institutions Baghdad / Emad Al-Amara The relationship between the government and the central bank plays an important role in financing the budget deficit and providing credit to the government. The government has its legal representation in the central bank's board of directors and has the legal right to appoint and remove the governor of the central bank as well as other variables. The academic economist d. "Many economists believe that the role of the central bank is more obvious when it is unable to finance public expenditure by traditional means of taxation or by cutting government spending," he said. Currency printing and borrowing and explained , "resorting financial policy to the means of non - conventional in order to finance the budget deficit through monetary issuance (currency printing) and borrowing from the banking system, and this trend will lead to a rise in general levels of prices, so it is necessary to put restrictions on credit provided by the Bank Central government to reduce inflationary trends and the accumulation of public debt. " "In order not to conflict between the central bank's monetary policy and fiscal policy, specific limits are set for the central bank's credit to the government, depending on the circumstances and nature of the existing economic activity." Achieving economic balance He pointed out that "the responsibility of the Central Bank to contribute to achieving economic balance, is a joint task within the framework of its role as a monetary economic institution has an influential position within the framework of the comprehensive state," stressing that "any imbalance or instability in the balance, likely mainly to lack of coordination or overlap In responsibilities between State institutions ". "The attempt to link the independence of the central bank and the exchange rate policy has found a place in economic studies, especially under free or floating exchange arrangements. The more central the central bank is, the more effective it will be in determining appropriate exchange rates "He said. He pointed out that "the government's participation with the central bank in determining the exchange rate policy will lead to a difference or contradiction between the purposes of the exchange rate, and other monetary purposes that both the bank and the government seeks to achieve." "There are opinions that" when sudden crises will be the intervention of the Central Bank is ineffective because of the participation of political authorities in the functions of the exchange rate policy of the Central Bank . " "This view has a lot of extremism, because even in countries whose central banks have a high degree of independence, the determination of the appropriate exchange rate system or mechanism is shared by both the government authorities and the central bank. The exchange rate policy is under the control of the government "He said. Independence and inflation Turn-d. Qusay al-Jabri, that the central bank's responsibility to maintain and stabilize prices, any acceptable rates of inflation, the more central bank is characterized by independence, it is able to achieve this goal In order to prove that relationship a number of economic researchers conducted quantitative studies were compared to average Inflation in certain countries, for specific periods with the degree of independence of the central banks of the countries and the same period, and acknowledged the inverse relationship between the degree of independence and the rate of inflation. http://www.alsabaah.iq/ArticleShow.aspx?ID=147995
    0 replies | 62 view(s)
  • harry's Avatar
    11-19-2017, 09:20 AM
    Harthy: reducing the share of Kurdistan from the budget of 2018 will add 9 million dollars 11/19/2017 "The reduction of the share of northern Iraq from the federal budget 2018 will add to the budget next year, 9 million dollars to it," said Deputy Chairman of the Committee on Economy and Investment Representative Harith al-Harithi.Al-Harithi said in a press statement that the change in the financial share of Kurdistan within the federal budget will lead to many changes in the next budget, adding that the $ 9 million achieved by the Ministry of Oil during the past 10 months, will be added to the next budget. Al-Harithi added that revenues generated from airports, border crossings and customs will change the figures and figures in the budget, which will lead to a new formulation.It is noteworthy that the adviser to the Prime Minister for Economic Affairs, the appearance of Saleh said earlier that what the media are talking about reducing the share of Kurdistan in the draft budget of 2018 from 17% to 12% only drafts have not yet adopted by the government and that talk about them "just speculation. " Saleh stipulated the delivery of Kurdistan revenues to the treasury of the state in return for receiving his share of the draft federal budget law of Iraq 2018. http://aletejahtv.org/permalink/192189.html
    0 replies | 59 view(s)
  • harry's Avatar
    Yesterday, 09:51 AM
    Anti-Money Laundering Strategy 11/23/2017 Dr.. Bassem Ibrahimi It seems that the next battle, the fight against corruption, has started. This is what can be said, according to the statement of the Prime Minister at his last press conference. The new confrontation was announced in conjunction with the end of the military battle with the terrorist organization "Da'ash" But I will only limit the economic aspect of its implications. If we want to move towards the stage of development and reconstruction, the elimination of corruption is a necessary condition for that, otherwise, any economic stimulus is dead since birth, not evidenced by the implementation rates in the investment budget in the years of financial abundance, which accounted for only 65 percent of the allocation To find out that these simple percentages are the other were overpaid and above the real proportions much. Confrontation needs more than one mechanism and one of the most important lies in the drying up of the sources of the transfer of dirty money and its movement with the outside world as well as follow-up abroad and here will be a strategy to combat money laundering a key role in that, where the monetary authority preceded the role of government through the completion of the strategy of money laundering and terrorism financing for years (2017-2020), which has been prepared for a long time in cooperation with some international bodies and relevant organizations, which will reach the government in the coming days, as stated by the Governor the bank. In this context, there is international support for Iraq in this confrontation must be invested. The invitation of the Governor of the Central Bank of Iraq by the Security Council was an important precedent for the first time, where he made a presentation on the strategy mentioned and what has been achieved so far by the Central Bank by providing some names and companies Which is involved in money laundering and terrorist financing crimes to the judiciary to hold them accountable. Members of the Security Council welcomed the steps taken in this regard. In line with these trends, sections have been established to combat money laundering and terrorist financing in all the banks operating in Iraq on the basis of the central guidance. The work is being done on building their cadres with specialized courses in order to raise the level of follow-up and diagnosis in the financial sector. A comma in the field of construction and reconstruction, we should all support them with all strength. http://www.alsabaah.iq/ArticleShow.aspx?ID=148003
    0 replies | 58 view(s)
  • harry's Avatar
    Yesterday, 09:41 AM
    Expectations of Iraq obtaining an advanced credit rating 11/23/2017 Baghdad / Mustafa Al Hashemi While the Fitch and Standard & Poor's listed Iraq's credit rating at -B. Economists stressed the possibility of raising the rating to A or A by activating the private sector and providing jobs that would push the gross domestic product up. The academic economist d. Essam Mahaouli said in an interview for "morning": "In the event of increased access to jobs in the productive sectors of private companies, it will be a factor of economic stability and reflected on the rates of prices positively." Iraq has been rated as B - the first credit rating rating issued by the international rating agencies of Iraq, and defines the credit rating GCR, a summary of (global credit rating) as a measure to assess the borrower's ability to meet their obligations in the face of lenders or in other words the risk of not Repayment of the lender (issuer of the bond) in fulfilling its obligations (loan amount and interest) to the borrower (holder of the bond). The world's credit rating is rated 4, A, B, C and D as well as variables that represent a different signal + or - with different frequencies. The adviser to Prime Minister Dr. "The liberation of Iraqi cities from terrorism will definitely affect the high rating," he said in an interview with Sabah. "I hope that Iraq's sovereign rating will be in the A category for the next six months." "The Agency is conducting a review of the classification every six months through its meeting with financial institutions and the Ministry of Planning and security authorities and the rest of the relevant departments, stressing that the indicators confirm the liberation of Iraq's cities during the current year of terrorism." "The stability of Iraq will give it the highest ratings with a stable outlook in view of its global reputation in the payment of its financial obligations in addition to having the resources to qualify for the highest credit rating." Economic researcher Maha Ihsan Shukr pointed out that the positive impact will affect the economy after obtaining an advanced degree in the ladder of credit rating of the three international classification agencies, explaining that "this will support construction and reconstruction and double the number of foreign investment companies that will implement projects in liberated cities." Economic experts confirm that Iraq's sovereign rating better than the current means that the country is one of the stable and attractive areas for investment. http://www.alsabaah.iq/ArticleShow.aspx?ID=147998
    0 replies | 57 view(s)
  • harry's Avatar
    11-22-2017, 08:36 AM
    Iraq is moving to implement investment projects in the oil sector 11/22/2017 The government is moving to attract international companies to implement investment projects in the oil sector, so Iraq becomes a source of oil derivatives instead of an importer, especially after achieving self-sufficiency in many of them. The government's directives are part of the national reform campaign led by Prime Minister Dr. Haider al-Abadi, which aims to reduce dependence on oil exports and develop productive sectors, as well as strengthening the Iraqi economy by supporting the national product. According to a source in the oil and energy parliamentary committee for "morning", "the government has developed an integrated plan to attract international companies to invest in the implementation of giant projects related to oil refining and extraction of oil derivatives, petrochemicals and other projects." He pointed out that "the trend to enter into partnerships with companies known," noting that "these partnerships will contribute to moving the wheel of production of the oil sector," praising the same time the government's actions in this aspect, which he described as "positive." The oil and energy committee headed by MP Ibrahim Bahr al-Ulum discussed the draft law of the National Oil Company in the presence of the advanced owners in the Ministry of Oil. The meeting discussed the draft law of the National Oil Company and the classification of the company as a company operating and implementing Omalka oil and oil installations and its land. For his part, the oil expert Hussein Marzouk for "morning", the importance of investment in the oil sector of production, pointing out that "Iraq during the past decades did not see real production projects because of the policies of the former regime, as well as his preoccupation with combating terrorism after 2003." In the meantime, Oil Minister Jabbar Ali al-Allaibi said Iraq's possession of promising investment opportunities in the oil and energy sector. Al-Allaibi said, according to a statement received "morning" a copy of it: "The ministry called on international companies to invest in the sectors of liquidation and extraction and excavation and infrastructure projects and to strengthen partnership and cooperation and interlock With national companies, to achieve common goals and contribute to the revitalization of the wheel of development and the national economy. " The oil minister met with a number of ministers and directors of international companies on the sidelines of his participation in the conference of ADIPEC in the United Arab Emirates, which concluded last week, and discussed with them ways to strengthen relations and investment cooperation in the oil and energy sector. The spokesman of the Ministry of Oil Assem Jihad said that Iraq and Turkey are keen to strengthen and expand prospects for bilateral cooperation in the field of oil and energy, and work together to accelerate the resumption of Iraqi oil exports through the port of Ceyhan. "A senior delegation representing the Turkish Ministry of Energy has concluded meetings in Baghdad with officials of the ministry and the Iraqi oil marketing company" Sumo "focused on discussing a number of joint oil files and strengthening bilateral relations and cooperation to achieve the objectives of the two neighboring countries, Jihad said. He added that "the issue of the resumption of Iraqi oil exports from the fields of Kirkuk through the port of Ceyhan, Turkey was the top topics discussed between the two sides, as well as discuss the obstacles and technical and administrative problems in order to find the necessary solutions by the concerned on both sides, To complete the discussions at a meeting in Turkey, which will be set later. " http://www.alsabaah.iq/ArticleShow.aspx?ID=147905
    0 replies | 55 view(s)
  • harry's Avatar
    11-21-2017, 09:12 AM
    Conscious / Central Bank: 89% of adults do not have bank accounts 11/21/2017 The Central Bank of Iraq said Tuesday that 89% of adults do not have bank accounts, pointing out that the reluctance of many individuals to deal with banks because of religious rulings is one of these reasons. "The World Bank estimates for 2014 indicate that the number of deposit accounts for Iraqis to the number of adults is 11%, meaning that 89% of these adults do not have bank accounts, but deal with cash settlement of their transactions and discharge of receivables "He said.The report added that "the available data for 2015 and 2016 showed that the ratio fell to 6.5% and 6.8%, respectively," noting that "the decline is due to the concentration of branches of banks in the province of Baghdad up to 37.8% of the total banks operating in Iraq during 2016 , In addition to the reluctance of many individuals to deal with banks because of religious provisions, as well as the increase in currency in terms of money supply in the narrow sense of 59.5% in 2016 clear indicator and preference individuals settlement transactions in cash as well as the spread of the phenomenon of compactness. http://www.al-iraqnews.com/news/newwss/economic-news/213984-%D9%88%D8%A7%D8%B9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-89-%D9%85%D9%86-%D8%A7%D9%84%D8%A8%D8%A7%D9%84%D8%BA%D9%8A%D9%86-%D9%84%D9%8A%D8%B3-%D9%84%D8%AF%D9%8A%D9%87%D9%85-%D8%AD%D8%B3%D8%A7%D8%A8%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1%D9%81%D9%8A%D8%A9.html
    0 replies | 55 view(s)
  • harry's Avatar
    11-22-2017, 09:03 AM
    Sources for the morning: the government filed a lawsuit against Barzani11/22/2017 Including serious violations on top of the {separatist referendum} and the {oil investment for his own account} Baghdad / Omar Abdul Latif Kirkuk / Nahdat Ali The sources pointed out that the lawsuit will contain three constitutional and legal violations, namely, a referendum on the secession of the region and stay in office despite the end of his mandate and the investment of oil and imports Kirkuk and the provinces of the region for his own account, at a time when the parliamentary committee on the follow-up of the file of deputies participating in the referendum, the separatist that they addressed the judiciary to determine the fate of these deputies legally and constitutionally, while the Council decided Kirkuk, which was held on Tuesday in the absence of Kurds Withdrawal of confidence from Talabani Ribawar President of the Council and the agency. A member of the Legal Committee in the House of Representatives Ibtisam Hilali in a statement singled out by the "morning": "The government intends to file a lawsuit against Massoud Barzani, head of the Kurdistan Democratic Party and the Kurdistan region outgoing in the coming days," indicating that "the list of the case will include violating the Constitution by referendum The separation of the Kurdistan region on the twenty-fifth of last September, despite all the calls of the government to postpone, in addition to stay in office despite the end of his mandate two years ago, and investment of Kirkuk oil money and the region and salaries of staff that were sent there by the government to his own account, "Hilali hinted to That "the Kurdish people are innocent of those actions, but Barzani tried to step the referendum entry into history, and I have entered the enemy to the region." For its part, said member of the Committee Hamdiya Husseini: "The government is required to extend its influence in the region, and take all measures to strengthen the federal authority after the failure of the separatist step, which was called by the politicians of the region." "The step taken by the separatists to divide Iraq and destabilize its security and stability has ended. The government must take bold steps by holding the instigators in the region accountable and those who want to divide the country and not allow them to repeat that attempt in stages," al-Husseini said in a statement. Coming ". Legal opinions to it, confirmed the legal expert Tareq war "needs the federal government to enforce the Constitution in the Kurdistan region by his government , " noting that " the United States , which said (we want a strong province) means that share the wisdom of all the parties is not unique to the Democratic Party Kurdistan by this. " "The United States does not consider a party or a person but a whole entity," he said. "The strong region must abide by the implementation of the constitution, which stipulates that the border ports should be under the control of the federal government, participate in oil issues and reconsider the contracts concluded with the government. Territory contrary to the Constitution ". "The government wanted to have the names of these employees in addition to the Peshmerga and Asayish, their names and ranks, the number of officers, their rank and rank," he said, adding that " Demanding that the question of good faith by the provincial government towards its federal counterpart exists during the next phase, which began with the support of the province to the decision of the Federal Court to cancel the results of the referendum and the effects that ensued, noting that "the provincial government must be satisfied with the damage inflicted on the Kurdish people It opens its doors to the government to audit the payroll and border management and air ports. " "The committee sent a new request to the Federal Court again to decide on their matter and whether the payment is made towards the termination of their membership or canceled," Al-Labban said in remarks followed by Al-Sabah. The penalty to cancel the referendum, "pointing out that" things are resolved correctly through the use of dialogues within the roof of the Constitution. " The Kurdistan Regional Government to that, the President of the Kurdistan Regional Government, Nigirvan Barzani, that all the Kurdish parties against the division of the Kurdistan region for two administrations, while he indicated that he will visit Baghdad as a delegation representing the provincial government. Barzani said in an interview with a number of media in Sulaymaniyah on Tuesday: "We discussed with the political parties the subject of the formation of the interim government and the elections," noting that "all parties against the division of Kurdistan to two departments," adding, "We are in a difficult financial situation and we need the support of all parties "He added:" We will visit Baghdad as a delegation representing the Kurdistan Regional Government, "pointing out that" no party may deal with any entity independently " . Barzani and his deputy Qabad Talabani on Tuesday held a series of closed meetings with the political bodies of the Movement for Change and the Islamic Group and the Islamic Union and the National Union in the city of Sulaymaniyah to discuss finding a way out of the crisis in the region and unite the Kurdish ranks in preparation for negotiations with Baghdad. On the other hand, the political and legal reactions in support of the decision of the Federal Supreme Court unconstitutionality of the September 25 referendum secessionist, said the President of the Movement for Change Kurdish Sarwa Abdul Wahid in a statement received by "morning": "The Federal Court canceled the results of the referendum and its decision is binding, "The question is: do those who have stressed that they can not afford Baghdad to tickle the feelings of people in another way after their failure in the referendum and are they forced to take Baghdad or wait for another chance?" She said. Go to the referendum because I was confident of this outcome "She said," I hope they will not find any other door to cross through and try to tickle everyone's feelings and return to the previous speech as if they were angels and we are devils. " For its part, called on the MP from the Patriotic Union of Kurdistan, Rkkin Abdullah Baghdad and Arbil to speed up the negotiation and cancellation of the procedures resulting from the referendum of the region. In a statement received by the "morning" on Tuesday, "after the Federal Supreme Court ruled unconstitutionality of the referendum in the Kurdistan region, it is necessary for the governments of Baghdad and Erbil to start quickly comprehensive negotiations and resolve the problems and outstanding issues and cancel all the effects that followed the referendum, That the Federal Court issued a final judgment, we call on the governments of the Center and the region to work quickly and sit at the table of negotiations and understanding and cancel the procedures resulting from the referendum taken by the federal government . Parliamentary positions In turn, Deputy Jassem Mohammed Jaafar al-Bayati, expressed surprise at the refusal of Massoud Barzani to the decision of the Federal Court and questioning the Court. "Al-Bayati said in remarks followed by" morning ":" We are surprised Massoud Barzani's rejection of the decision of the Federal Court and questioning the origin of the court and its causes, "stressing that" this rejection is no less serious than the failed referendum, which many advised not to do and intransigence and insisted and enter our Kurdish people in problems and crises is still suffering "He pointed out that" the federal government is serious about opening the door to negotiate with the region according to the Constitution, but the opposite side lives in the fatal selfishness and pride of the Kurdish state, which destroyed by his dreams and determination, "and called on the federal government and the government and parliament of the region" to respond to the call of reason and the right and the Constitution, Dideh ". For his part, MP for the coalition of state law Ahmed al-Badri: "The government of Erbil to announce its official position on the decision of the Federal Court, which decided to cancel the referendum and its results absolutely," noting that "in the event of declaring the region support the decision of the Federal Court will open negotiations directly from Without any conditions to arrange the outstanding situation between the two sides. " "No one rejects the dialogue with the Kurdistan region, but the dialogue must have bases and premises, the first of which is to recognize the illegality of the referendum step," he said. The leader of the coalition of the rule of law, Rasul Abu Hasna, said: "The decision of the Federal Court a new outlet for the region to declare the cancellation of the referendum formally," noting that "the region to respect this decision is unacceptable, without declaring the former Kurdistan Region President Massoud Barzani officially And clearly cancel the referendum and its results, to be the start of dialogues and negotiations between Baghdad and Erbil. " "The negotiations between Baghdad and Erbil continue and did not stop, especially after the end of the mandate of President of the region Massoud Barzani to find a peaceful solution to the crisis," pointing out that "the decision of the Federal Court on the cancellation of the results of the referendum and what "Al-Shammari accused Barzani of trying to" fabricate crises at the moment to create chaos after the decision of the Federal Court in preparation for his return to power. " "Barzani claimed that the decision of the Federal Court on the cancellation of the referendum of Kurdistan" an individual and political decision, "Barzani tried through blow up the constitutionality of the existence of the Federal Court of basis when he said that the Federal Court "had violated Article 55 of the Constitution when its cancellation of the results of the Kurdistan referendum, and it exercises its work since 2005 without any legal or constitutional basis , " according to his claims. MP for a coalition of state law Mohammed Chihod Said in an interview followed by "morning": "Bar I went Expansive project in the region to establish a state (racist) and hit all the opponents of the project went on the referendum , and added that" the Federal Court 's decision was shocking to him and blow up all the expansionist plans in the region to build a state on the unity of the country account " "Article 94 of the Iraqi Constitution stipulates that the decisions of the Federal Supreme Court are binding and binding on all parties and are not subject to appeal. Therefore, the decision of the Federal Court of Justice, " The adoption of the Iraqi government for this resolution and its implementation is proper," noting that "the objection of the provincial government violates the constitutional provisions, especially as it has previously declared its commitment to the Constitution and its provisions and decisions of the Court." Kirkuk Council On the other hand, the Kirkuk Provincial Council held on Tuesday, the first session in the absence of the President of the Council Repoar Talabani and the Kurdish brotherhood bloc, while presided over the meeting of the oldest member Majid Ezzat, and demanded the members of the Arab and Turkmen blocs who attended the meeting to cancel the draft members of the House on the collection Signatures of 150 deputies to dissolve the Council Kirkuk. In a statement issued by the two blocs and read by a press conference by a member of the Council of Kirkuk Qasim al-Bayati: "The Arab and Turkmen blocs and after the meeting decided and in view of the constitutional and legal violations committed by Ribawar Faiq Talabani, the President of the Council and the agency since October 17, Agency and request the House of Representatives to assign one of the members present and signatories at their meeting to manage the Council, and refused to hold any meeting of the provincial council outside the building of the province. http://www.alsabaah.iq/ArticleShow.aspx?ID=147913
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  • harry's Avatar
    11-19-2017, 08:50 AM
    Closure of the second meeting of the Monetary Policy Working Group 11/18/2017 systems of the Arab Monetary Fund in cooperation with the Bank for International Settlements second joint meeting on monetary policy in the Arab countries , which concluded its work last Thursday in the city of Abu Dhabi , United Arab Emirates. The meeting reviewed the economic, financial and international developments and their implications for the management of monetary policy and the banking sector in the Arab countries, as well as discussing a number of technical issues related to the management of liquidity and exchange rate systems. The meeting was attended by 51 high-level monetary policy officials representing 23 central and Arab central banks, including 14 central banks and nine international central banks, including the US Federal Reserve and the European Central Bank, as well as senior officials from Arab financial institutions. The Bank for International Settlements (BIS) was established in 1930. It is the oldest international financial institution with 60 members of central banks representing a number of countries whose combined GDP accounts for about 95 percent of world GDP. The Bank for International Settlements aims to support international central banks with the aim of achieving monetary and financial stability and supporting international cooperation in related fields to serve as the Bank of Central Banks. http://www.alsabaah.iq/ArticleShow.aspx?ID=147636
    0 replies | 53 view(s)
  • harry's Avatar
    11-19-2017, 08:55 AM
    The final victory over the "Iraq" reinforces Iraq's international standing 11/19/2017 BAGHDAD / Muhannad Abdul Wahab - Shaima Rashid After the great historic victory achieved by our armed forces on Friday, the liberation of the district of Rawa, the last cave of the group "Da'ish" terrorist, and the declaration of Iraq completely military editor of the "da'ash" terrorist; MPs said that the strategic importance of these victories lies in Iraq has received great respect and prestige in the international community and the Iraqi neighborhood as a country that has been able to defeat "calling" and therefore there will be a great openness to Iraq internationally, which will provide great opportunities for investment in the country by society The international, at a time called for the deputies to consider the day of expulsion "calling" and the liberation of the entire Iraqi soil an official holiday and a national holiday to be celebrated every year. "The strategic dimensions of the final victory over the terrorist advocate and the liberation of Iraqi territory lies in the fact that the Iraqis proved that they are a military force capable of protecting the borders of the country and its independence through its expertise and its outstanding performance," said MP Abbas al-Bayati. "He said. Al-Bayati told al-Sabah that "victory over terrorism has achieved national unity through a leadership that has managed to bring together all the components of the Iraqi people and strengthen its national unity through which Iraq was able to confront the most powerful groups of terrorism." He also called for " Which should be based on the realization of this unity, which has become the cornerstone of internal and external political movements in the future. " And that "the victories achieved other important goals, including strengthening the role of Iraq, regional and international as Iraq has received great respect and high standing in the international community and the Iraqi neighborhood to be considered a country was able to defeat a supporter and therefore there will be great openness on Iraq internationally, which will provide great opportunities for investment in Iraq from Before the international community. " Al-Bayati pointed out to the importance of political calm and political discourse, which must be relied upon by political forces through the victory, which was an important reason for the transformation of Iraqi political thought for all components, as all components ensured that the political differences were the main gap to enter the call to Iraq, The existence of red lines and must maintain the minimum political consensus, "He pointed out that" the important dimension of the victories is to achieve a quantum leap in the Iraqi economy through investment through the flow of countries to invest in Iraq as a large country, and will contribute to reconstruction and construction and therefore Iraq will be attractive The interest of regional and international. " The end of the myth of his part, Park MP from the coalition of Iraqi forces Abdul Kahar Samurai "complete the liberation of another spend was controlled by terrorism and freeing all Iraqi territory and return to the bosom of the nation from the grip of Daesh terrorist." "The victories that have been achieved for the Iraqis ended the myth of an alleged state, and thanks to these victories unite all Iraqis as one front against terrorism," he said in an exclusive statement to al-Sabah. "The military page is close to the end and will show the important page in the fight against corruption, . The MP said that "the province of Anbar has recovered from the victories, and therefore we see that the flash of good launched from Anbar by the army's victories on terrorism, and prepare for the preservation of the reconstruction and infrastructure," noting that "the next stage is very important for the Iraqi state and the Prime Minister to take the momentum of victories And achieve the momentum of new victories and return the displaced and displaced persons to their regions and start the battle to eliminate corruption and harvest his head and we will be with him strongly. He added that "Iraq through an important stage of the presence of direct occupation of its territory and we have to fortify our borders and we hope the countries surrounding Iraq to help us to protect our borders in accordance with security and intelligence agreements to prevent the entry of terrorists," and pointed to "the importance of the next stage that the government should go to build the economy And the elimination of corruption and the opening of investments in order to strengthen the Iraqi economy and the return of Iraq to the economically important countries in the region. Fighting the corruption For his part, said MP from the Kurdistan Alliance Majid Shankali that the strategic importance of the victories on the "Daash" lies in the direction of Iraq to build and reconstruction and fight corrupt. He pointed out in a special statement to Al Sabah, "the importance of victories and the completion of the preacher, that Iraq go to spend what it was spending from financial allocations to develop the Iraqi economy and build the affected and liberated areas and build a new Iraq based on citizenship," and pointed to " All the previous files of corruption because it was one of the main reasons for the entry of a preacher to Iraq and the recovery of all the money smuggled to the Iraqi treasury again. " National Day In turn, the deputy of the Badr parliamentary bloc, Razak Muhaibis, to make the day to expel the organization "Da'ash" from Iraq an official holiday is celebrated every year. Muhibis said in an interview: "The terrorist group Zadmr practiced the most heinous crimes and destruction, which we consider a difficult and harsh phase of the life of Iraq, so the day of complete liberation and the expulsion of these terrorist groups from our territory and eliminate it is a joy for all Iraqis." He added that "the day of expelling Dahesh is a historical occasion worthy of being included in the events and official holidays that are celebrated every year," noting that "the draft law of public holidays is currently being discussed in the House of Representatives and within the parliamentary culture committee," Mohebs, "The need to put the parliamentary culture committee the idea of ​​adding an evasive expulsion day from our lands within the draft law as an annual occasion to be voted within the draft law of public holidays." A strong Iraq For his part, said political analyst Najm al-Qasab that the victory achieved on the organization of the preacher and the latest in Rawa is not attributed to a person or party or sect, but is a victory for all Iraqis and the concerted efforts of politicians and the Iraqi government headed by General Commander of the Armed Forces Haider Abadi. Al-Qassab told Al-Sabah: "The military operations proved to the world that Iraq today is very different from what it was before, and this must be taught in universities and military colleges that Iraq was able to fight this organization." He added, "Iraq should invest its victories and look at the reasons of entry "Iraq today is living a new phase and the government has many challenges, including trying to strengthen trust between citizens, the political class, local governments and the central government," he said. Securing the border to this, he said security expert Fadel Abu loaf, that "these victories must that inflict many measures , including preventing the entry of terrorists and securing the rest of the west of the Euphrates areas and secure border crossings and secure wet and cut off supply reverse lines and others." Abu Ragheef told al-Sabah: "There must be a return to life, economy, construction and the restoration of life to its predecessors in the liberated cities. These victories should be invested on a political level by reassuring all the countries of the world, especially the neighboring countries, that Iraq is safe. At the internal level that there are no fears of the return of this organization again, "praising the role played by the people of Anbar in the achievement of these victories, which had a great footprint. http://www.alsabaah.iq/ArticleShow.aspx?ID=147721
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  • harry's Avatar
    11-21-2017, 08:56 AM
    Contribution of banks to development 11/20/2017 International organizations have noted progress in the Iraqi financial sector after a journey of suffering due to policies that have been followed for decades that have led to a decline in economic reality in general. And this progress witnessed by the joints of the financial sector did not come out of the vacuum, but there are new systems, policies and mechanisms of work adopted by the father of this sector and means this individual Central Bank of Iraq, the main regulator of the reality of the financial sector and assesses through the mechanisms of the functioning of the banking system, especially the private which is expanding significantly . That the advancement from under the rubble and work hard task faced with major challenges and whatever the development of mechanisms of action we need more, and here we find that the Iraqi Central closely follows the reality of work and guide the evaluation, and the removal of banks from the reality of financial crimes in all forms after the banks have the ability to prevent Cases of money laundering and terrorism financing, as well as banking awareness, which is an important element in the banking system. Here we can say: The reality of the situation requires that we turn to the developmental aspects after the completion of regulatory measures with the great interaction witnessed by the last phase between banks and the Central Bank. And we have a large banking system represented by local banks and branches of major foreign banks operating in Iraq, and this device can support the stages of development through the performance of this device functions in a way that benefits the parties, and can follow the local banks and branches of foreign banks and know the extent of their contribution to the developmental aspects in Iraq, especially that the international capital wants to work in Iraq to the abundance of employment opportunities, let alone banks are already in Iraq, the task of work is easier and greater economic feasibility. The banking system around the world has witnessed great technical breakthroughs and can be used in Iraq through the branches of international banks located here, through activating cooperation with them to a large extent and the local competencies in these branches to acquire the necessary expertise, as the volume of work in Iraq is very large and absorb more efforts. At the same time, we can not deny that we have banks that have exceeded the large stages in the possession of technologies and find them in a clear interaction with the public and provide the necessary services, including major and modern, did not exceed the capital of 100 billion, which alerts that our banking system is able to support development and needs to know How much contribution to this matter, and here comes the role of the concerned authorities to organize this process and the classification of banks according to that and take care of the most prominent ones. http://www.alsabaah.iq/ArticleShow.aspx?ID=147798
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  • harry's Avatar
    11-22-2017, 08:34 AM
    Organizing an international financial conference next month in Baghdad11/22/2017 Preparations are under way for the organization of the International Conference and Exhibition on Banking, Investment and Financial Services in Iraq. Chairman of the Organizing Committee Ahmed Al-Jader said: "The conference is sponsored by the Central Bank of Iraq and is organized by Frontier Exchange International in Baghdad for the period from 2 to 3 December next," pointing out that "the organization of this conference in Baghdad came at the request of economists and finance in various parts Especially in the Middle East and North Africa. " He added that "the conference will discuss a number of important axes that were organized in the agenda and most important plans and strategies of the Central Bank for the next phase, and mechanisms to develop relations between foreign banks and Iraqi banks, as well as financial reforms that the government is trying to implement to attract and attract foreign investment. He pointed out that " The role of banks in compliance, combating money laundering and supporting sustainable development, the role of Islamic banks strategy in Iraq, and the extent of supporting the financial markets of the national economy, as well as the role of technology and modern banking systems in the development of banking work in Iraq. Al-Jader said that "the conference will discuss several important issues that aim to serve important joints in Iraq, such as financing large projects of infrastructure projects / reconstruction of areas affected by terrorist operations, and that" the most important participating bodies the Central Bank of Iraq and specialized governmental institutions and public and private banking institutions And foreign banks interested in the subject of work in Iraq and cooperation with Iraqi banks. " http://www.alsabaah.iq/ArticleShow.aspx?ID=147904
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  • harry's Avatar
    11-21-2017, 09:08 AM
    Conscious / financial representative of the types: 105 trillion expenditure ratio in the budget of 2018 11/21/2017 A member of the Finance Committee MP Hossam al-Aqabi, Tuesday, that the proportion of public expenditures constitute 105 trillion in the budget of 2018. He said punitive in a statement transferred reporter ( and the Iraqi News Agency INA ) that " the 2018 budget is still in the Council of Ministers after the request withdrawn from the government, noting that" 105 trillion rate of expenditure. "He added that "the proportion of deficit in the budget of 2018 amounted to 19 trillion, and the proportion of deductions of salaries of employees and retirees amounted to 4.8%," pointing out that "the share of Kurdistan region amounted to 12.67% distributed to three provinces." http://al-iraqnews.com/news/newwss/economic-news/213975-%D9%88%D8%A7%D8%B9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D9%84%D9%88%D8%A7%D8%B9-105-%D8%AA%D8%B1%D9%84%D9%8A%D9%88%D9%86-%D9%86%D8%B3%D8%A8%D8%A9-%D8%A7%D9%84%D9%86%D9%81%D9%82%D8%A7%D8%AA-%D9%81%D9%8A-%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2018.html
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  • harry's Avatar
    Yesterday, 09:06 AM
    Iraqi economy between reality and ambition 11/23/2017 Today's world is not like the dawn of evolution in a race against time. Today, scientific research and technological development have reached advanced stages for the better tomorrow and the free movement of capital and science beyond the borders of countries and today the world is said to have become a small village thanks to what came to science. And Iraq is no longer isolated or closed to itself, but subject to these developments and here must be used to open up in a positive way to serve the economy and the advancement of our current reality, which depends on oil as a cornerstone in the development and expenditure and so is a single economy as it is called and this dependence led to a significant decline, Of oil through supply and demand and political events are all factors affecting the price of oil and we are fully linked in terms of development of oil revenues, so we were greatly embarrassed by those declines and reflected on the overall activities and the weak purchasing power of citizens and the cessation of projects accompanied by Entering the country as a fierce war against enemy targets plowing and birth control and sustain the momentum of the battle needs to be a lot of money here and the deficit appeared clearly reflected negatively on various sectors. Iraq could overcome the crisis or reduce its impact if it is better in the past decades to exploit those revenues to promote the components of agriculture or industry to be an extension of support for the economy, but today revealed the Iraqi economy resigned to seek support for him as the International Monetary Fund to meet the financial deficit and the maintenance of the battle The decline of planning and the inability to put the Iraqi economy on the right track in the exploitation and development of the capabilities available in Iraq of water and land of different terrain and human resources with the availability of funds. The question is how to overcome the ordeal and how to overcome dependence on oil, benefiting from successful global experiences that have risen in their countries and do not own half of what Iraq has. This is the role of an effective economic decision in the freedom of movement of capital and the spread of companies investing in the world. Specialized companies looking for jobs. We know that Iraq is a white country where investors compete but what prevents them from doing so is the absence of an ideal environment. We are part of the problem and the solution to create an attractive environment for capital and international companies in light of Iraq's possession of the elements of the advancement of agriculture because we have the land and water and we have dams and systems and we only support the farmer or support the private sector to engage in agricultural projects and livestock development as well as open doors for investment in poultry breeding and egg production As well as supporting industrial projects based on animal products such as milk, milk or cheese, fat, wool and leather. All this can save the hard currency, reduce spending and give the Iraqi trader the freedom to export to the ratio of the product and close the doors of import or impose taxes on the product similar to what is produced in Iraq as well as activating the petrochemical industry to be another tributary to cover the local markets and export surplus and we have marshes and lakes can be exploited correctly and forget To promote the industry, which supplies raw materials in Iraq, such as phosphates, glass, salts, stone, calcareous materials, activating religious tourism, improving the transport sector, and developing the telecommunications sector. So we have to open the doors to the capital, but through economic and scientific rooms that include different disciplines and issuing decisions that address the negatives, for example, the confiscation of land that has not been exploited within two years and thus pay the farmer to work because the land belongs to the people and this concept we should consolidate it if we intend to build Iraq is capable of promoting and building without dependence on oil and find alternatives for future generations and to open several tributaries to enter revenues and to be oil support and support for Economy. http://www.alsabaah.iq/ArticleShow.aspx?ID=147994
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  • harry's Avatar
    11-21-2017, 08:48 AM
    Invitation to activate the role of reinsurance company 11/20/2017 Insurance is an important pillar in the work of the financial sector in addition to the articulated banks and the stock market. Thus, it is an active source for the overall economic operations and its productive and service sectors and an active player in the economic development process in Iraq. "When the private insurance companies were established under the Companies Law of 1997, the reinsurance business expanded to provide reinsurance for these companies as well, since these new companies could not obtain re-insurance agreements on their own due to their small capital, And the size of its business. " Signed repatriation agreements and added the "morning", "attempts to re - establish relations with reinsurance companies and brokers re - global insurance in 2004 began, and culminated in attempts in 2005 by the Iraqi Reinsurance Company contract agreements for reinsurance with one of the reinsurance prestigious companies in Germany to the Under the leadership of this agreement, which provided the protection of the two general insurance companies (National Insurance and Iraqi Insurance) and a group of private insurance companies under the umbrella of the Iraqi Reinsurance Company. Kamal continued "assumes that the existence of insurance companies eligible to contribute to the nutrition insurance premiums that are registered by the Iraqi reinsurance company," pointing out that "these companies are not all included within the reinsurance agreements, run by the company (some private companies registered in the Kurdistan region) , And some of them are not sufficiently transparent in re-securing their business with "Iraqi return" (in terms of premium authorization in particular). The balance of the size of the business and pointed to the existence of "lack of balance in terms of business underwritten by these companies compared to the size of the two companies plenary (national and Iraqi) translates itself in certain concessions in the two plenary cover reinsurance agreements." He pointed to the limited knowledge of reinsurance of some civil companies . Kamal stressed the possibility of addressing these technical issues after studying them and documenting them if there is a suitable vision and will to develop the Iraqi insurance sector. "The status of the Iraqi reinsurance company will be enhanced when the company recalls some of its past leadership to shape its current and future policy. , And when it takes the lead in directing and subsidizing companies under its agreements. " The cooperation of insurance brokers also confirmed the possibility of expanding its cooperation with "the three reinsurers who manage and coordinate the arrangement of their agreements with the reinsurers, as well as the training programs offered by reinsurance brokers, international companies based in London, as well as the chief reinsurer in Paris." Kamal said that "vocational training is a basic requirement but does not receive the attention it deserves; because the Iraqi return" deals with intermediaries and recruits abroad, they need to develop language skills, especially English, with their staff . Arrangement of individual agreements and that " the subsequent development of thesector of the Iraqi insurance, representing the increase in written business volume and the expansion of the free and technical reserves of public and private insurance companies, some of them may pay to give up the protection of the reinsurance Convention provided by the company reinsurance Iraqi and arrange their own agreements individually by; and Iraqi reconstruction did not take the possibility of such a change (the volume of business and financial resources, including maximization of capital), it would be met by the loss of an important source of business. " The Iraqi Reinsurance Company was established in 1960 with a capital of KD 5 million. Kamal stressed that "the loss of the Iraqi reinsurance company for the work of a group of insurance companies, benefiting from the agreements, will reduce the economic value in the eyes of reinsurers who have certain standards in the provision of protection of the amount of the business that deals with dealing with economic occasion," explaining: "If the Iraqi return lost the protection of global reinsurance, it may not be in a position to continue to function as a reinsurer for local companies ." He concluded by pointing out that the "future" of the Iraqi return "depends on what it is doing now, and unless it achieves a qualitative leap in its technical management and enhance its role to the satisfaction of insurance companies, the possibilities are open to determine their fate in light of the economic orientations of the State and the guidance of the International Monetary Fund." http://www.alsabaah.iq/ArticleShow.aspx?ID=147797
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  • Bondlady2's Avatar
    931 replies | 51810 view(s)
  • HotRod's Avatar
    Yesterday, 05:13 PM
    I like this one too. Thank again harry for all you do in keeping us informed.
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  • HotRod's Avatar
    Yesterday, 04:41 PM
    Things are looking better. Thanks harry.
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  • ksdunlap's Avatar
    Yesterday, 02:02 PM
    Happy Thanksgiving to our DS family. I pray each of you has a very blessed day. Our family is very thankful. Lap is doing well after his procedure yesterday. The doctor said surprisingly his arteries & veins look really good after all he’s been through. He does have 2 blocked arteries that are 40%. The doctor will reassess in a year or so unless something happens before that. Thank you all for your prayers.
    931 replies | 51810 view(s)
  • b1955's Avatar
    Yesterday, 10:16 AM
    Happy Thanksgiving to all!!! :)
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  • harry's Avatar
    Yesterday, 09:36 AM
    The IMF reaches a credit agreement with Iraq11/23/2017 Iraq and the International Monetary Fund's (IMF) expert team arrived in Amman on November 17-21, 2017 for an agreement on the third review of the 36-month credit agreement with Iraq, the head of the International Monetary Fund's mission to Iraq said. "The two sides have made good progress towards reaching an agreement on the 2018 budget bill in line with the credit readiness agreement," he said in a statement. "During the discussions, the team met with Acting Governor of the Central Bank of Iraq Dr. Ali Al-Alak, Dr. Maher Johan, Undersecretary of the Minister of Finance, Deputy Minister of Planning Dr. Qassim Attiyah, Financial Advisor to Prime Minister Dr. Mazhar Mohammad Saleh, And officials from the Ministry of Finance and the Central Bank of Iraq and the Ministry of Oil. The mission team appreciated the efforts made to make the agreement a success, thanking the Iraqi Government for its cooperation and for the open and fruitful discussions held with it. The Executive Board of the International Monetary Fund had agreed to hold a credit agreement on July 7, 2016 and completed the second review on the first of August 2017. http://www.alsabaah.iq/ArticleShow.aspx?ID=147997
    2 replies | 120 view(s)
  • harry's Avatar
    Yesterday, 08:54 AM
    good morning to all ds i pray that everyone will have a blessing today and enjoy its, dodgerboy that very good news about your wife that anwser to pray from the high mighty one our saviour christ our GOD, and wishing everyone a happy thanksgiving and to our country. yes tudor i will get me one soon i hope the weather is getting right for them to move more.
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  • Bondlady2's Avatar
    Yesterday, 07:33 AM
    gm ds. Happy Thanksgiving.
    931 replies | 51810 view(s)
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