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

Activity Stream

Filter
Sort By Time Show
Recent Recent Popular Popular Anytime Anytime Last 24 Hours Last 24 Hours Last 7 Days Last 7 Days Last 30 Days Last 30 Days All All Photos Photos Forum Forums Articles Articles
Filter by: Popular Clear All
  • harry's Avatar
    04-21-2018, 07:51 AM
    SMEs need to move production4/21/2018 Contributed to the development of major global economies Baghdad / Hussein Thugb Led the medium projects to promote the economies of many countries of the world and achieved results exceeded expectations in the industrial and agricultural production sectors, and showed a clear growth in GDP indicators. In Iraq, the experiment began in 2004 but needs to be expanded and more precise mechanisms are adopted to protect projects and make them an important element in the country's development process. Industrial Projects An expert on economic affairs d. "Rehabilitation of suspended industrial projects, which are not working at full capacity, requires an appropriate environment that the State, civil society organizations, businessmen and all stakeholders will contribute to its establishment, ensuring that the conditions are met. The most important is the enactment of a law to protect national industry and benefit from laws and legislation. Arab and international in this regard. " "The reality of small and medium-sized enterprises requires a comprehensive survey to identify and eliminate imaginary industrial projects, create an appropriate environment for the rehabilitation of industrial projects within the framework of an official national strategy that is transparent and provide a legal legal cover for industrial projects, And provide the necessary protection, especially the early stages. " Financial support "The Industrial Bank, in cooperation with industrial development, should provide financial support to small and medium industrial enterprises affected by terrorism and dumping policy," she said. "The policy of dumping after 2003, resulting in the entry of poor and adulterated goods and sold at lower prices than domestically produced goods, led to the Iraqi goods being unable to compete with imported goods, which caused the local product financial losses made him unable to survive in the market, . Production capacities "Small and medium enterprises are constantly developing around the clock, and despite technological developments in the productive sectors, they have been able to provide job opportunities for a large segment of young people," said the attendees. They pointed out that "this type of projects holds many solutions to the problems of unemployment, and contribute to the increase of gross domestic product, where you can establish many projects in the agricultural sector and the other in the industrial sector." The US experience for small and medium-sized enterprises confirms that it has been able to provide 15 million jobs in 3 years and is a successful experience around the world. The academic funding side d. Thaer al-Ani said that "the main problem in small and medium-sized enterprises lies in the difficulty of determining the opportunity for investment under strong competition, and here we should not focus on the funding side and leave the competition business." He urged "the importance of activating the initiative of 5 million trillion to the Central Bank of Iraq aimed at supporting small and medium enterprises." "The necessity of working to strengthen the legal environment, to help young people to create small and medium enterprises, so there must be laws that protect this type of projects." Iraq has more than 347 thousand micro and small projects with investment portfolio exceeded two billion dollars, and the repayment rate loans for these projects up to 98 percent. http://www.alsabaah.iq/ArticleShow.aspx?ID=155795
    0 replies | 97 view(s)
  • harry's Avatar
    Yesterday, 08:02 AM
    {International Monetary Fund »: Regulatory measures to reduce corruption 4/25/2018 Baghdad / follow - up to the morning IMF encouraged its members to address the phenomenon of corruption, where the fund will adopt, as of Tmosalmqubl, a new regulatory framework to allow for the annual missions of the teams on the ground to conduct a regular assessment on the "nature and gravity of corruption", and that includes corruption all the countries of the world From the public and private sectors, and at all levels of society, as evidenced by the recent condemnation of Brazilian President Luiz Inacio Lula da Silva for 12 years in prison for corruption and money laundering. "We know that corruption hurts the poor and undermines trust in institutions," said Christine Lagarde, IFAD's Director-General, during a recent conference on the phenomenon. Meanwhile, Paraguayan Finance Minister Lea Jiménez stressed that corruption is "a multi-level problem involving several elements." Despite Paraguay's attempt to tackle corruption, it remains ranked 135th out of 180 countries, according to Transparency International's 2017 report. The International Monetary Fund (IMF) has no control over corruption, but it can exert pressure across Financial Programs. He imposed conditions for the payment of additional funds to Ukraine, including the implementation of reforms, and also make real progress in addressing the rampant corruption in the country. "Corruption thrives in the dark," Lagarde said, adding that the fund's teams got green light from the management committee "to play a more intrusive role." What is new is that the fund will address private sectors, including multinational corporations involved in corruption or money laundering. http://www.alsabaah.iq/ArticleShow.aspx?ID=156136
    0 replies | 91 view(s)
  • harry's Avatar
    04-22-2018, 08:26 AM
    To reveal dialogues to form the next government and the distribution of positions before the elections 4/22/2018 (Watan News) Follow-up Politicians from several different blocs announced on Sunday the start of serious dialogues to form the next government and the distribution of its main positions before the elections, where major parties decided to postpone their differences on some posts until after the results . According to a report in the newspaper "Life" London has witnessed a series of meetings between various political forces to prepare the ground for the next government, based on the advisory opinion of the Federal Supreme Court in 2010, which confirmed that the largest bloc is gathered after the elections, not the bloc winning the largest number of seats . The report added that "the various Sunni forces met, at the invitation of Parliament Speaker Salim al-Jubouri, to coordinate their positions, as revealed close to the atmosphere of the meetings on the differences on the way to deal with the choice between the posts of President and Speaker of Parliament, "He said. For its part, sources said that "differences between the Shiite forces are expanding as the elections approach, but meetings that took place during the past few days between a number of major Shiite leaders, reached an agreement on the formation of the (National Alliance) or choose another name for him to choose the next prime minister, and start negotiations with Sunni and Kurdish forces for this purpose, while other blocs believe that the version of the elections in 2018 will see the formation of a larger bloc within the scope of the vast political majority, which investigates some of the competitors to the opposition . The report pointed out that the main Kurdish parties also met earlier to coordinate their participation in the elections, especially in Kirkuk, where the President of the Kurdistan Democratic Party, which announced the boycott of the elections, to give the rest of the Kurdish parties votes of voters . The Federal Court issued a "constitutional fatwa" sparked controversy in 2010, where she explained that "the electoral list, which gets the largest proportion of seats in parliament, will not cost the formation of the government, but the largest bloc that is formed on the basis of political consensus, " This fatwa was the gateway to prevent The national list, led by 2010 Iyad Allawi from the formation of the government, as used in preventing the head of the list of coalition rule of law Nuri al-Maliki to form a government in 2014 . Observers believe that this text gives the political forces a justification to pre-empt the elections and their results to achieve early consensus may help to reduce the expected duration of the formation of the new government. But others believe that other variables will be imposed by the post-election phase . http://www.wataniq.com/news?ID=28092
    0 replies | 90 view(s)
  • harry's Avatar
    04-21-2018, 08:30 AM
    Iraq to resume payment of compensation to Kuwait ... And that is the amount ?! 4/21/2018 The Iraqi authorities have resumed paying compensation to Kuwait because of former President Saddam Hussein's 1990 invasion of Iraq, with $ 90 million approved, Al-Hayat newspaper reported. It is the first installment approved by the UN Compensation Commission since 2014 when payments have been suspended as a result of the terrorist "da'ash" takeover of large areas of Iraq. The UN Security Council approved the formation of the commission in 1991, the year the US-led coalition forces pushed Saddam Hussein's forces out of Kuwait. The Commission decided to pay Baghdad $ 52.4 billion in compensation to individuals, corporations, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait. The source of the funds is a tax imposed on the sale of oil and Iraqi oil derivatives. With the payment approved today, the Commission paid a total of $ 47.9 billion to some 1.5 million complainants. http://www.skypressiq.net/2018/4/21/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%B3%D8%AA%D8%A3%D9%86%D9%81-%D8%AF%D9%81%D8%B9-%D8%A7%D9%84%D8%AA%D8%B9%D9%88%D9%8A%D8%B6%D8%A7%D8%AA-%D9%84%D9%84%D9%83%D9%88%D9%8A%D8%AA-%D9%88%D9%87%D8%B0%D8%A7-%D9%87%D9%88-%D8%A7%D9%84%D9%85%D8%A8%D9%84%D8%BA
    0 replies | 88 view(s)
  • harry's Avatar
    Yesterday, 08:35 AM
    The Financial Inclusion Week will kick off in Iraq tomorrow 4/24/2018 The Association of Iraqi private banks announced on Tuesday the launch of the week of financial coverage on Wednesday in all parts of the country, aimed at increasing the dealings with the banking sector. The Executive Director of the Association of Iraqi Private Banks, Ali Tariq that "on Wednesday will see the start of the activities of the week of financial inclusion, which will involve all the banks and financial companies operating in Iraq, in order to educate the public on the importance of financial inclusion, which will reflect positively on the economy. The statement added that "the Central Bank and the Association of Private Banks are directly supervising the organization of the week of financial inclusion, which will be launched in conjunction with Arab countries," noting that "Iraq wants to increase the number of customers with the banking sector to large proportions because it will make citizens enjoy banking services available to the public Of loans and electronic payment and others. " The statement said that "the activities of the week of financial inclusion include the Iraqi banks to display their products in public places that they see appropriate from universities and commercial centers and others," noting that "the banks will during the week of financial inclusion to open bank accounts and the granting of credit cards and others". http://www.knoozmedia.com/331417/%D8%A7%D9%86%D8%B7%D9%84%D8%A7%D9%82-%D9%81%D8%B9%D8%A7%D9%84%D9%8A%D8%A7%D8%AA-%D8%A3%D8%B3%D8%A8%D9%88%D8%B9-%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%81%D9%8A/
    0 replies | 84 view(s)
  • harry's Avatar
    04-23-2018, 07:51 AM
    Why does the World Bank see economic reforms benefiting the rich?4/23/2018 Wisdom - follow-up: Jim Young Kim, president of the World Bank, knows that some economic reforms are in the best interest of the rich than the poor, and that the support that governments usually bear goes to the undeserved, pointing out that no one country is free from corruption, only He confirmed that the World Bank is monitoring every dollar it is borrowed, and how it is used. In remarks on the sidelines of the IMF and World Bank spring meetings, Kim said the World Bank was working to improve oversight techniques and called on world leaders to cooperate to eliminate corruption. He predicted that modern financial technology will have a major impact in fighting corruption and eliminating it. He stressed that the global economy is experiencing very high growth rates, which is the highest levels seen since 2011, but he said that they are currently working to be inclusive, so that all segments of society. He stressed that this will only happen by investing in human capital. According to the newspaper, the Union, they advise central banks around the world to invest in the human element, by paying attention to education and health, and investment in infrastructure, while working to increase the participation of women in work, as all this supports growth, and explained that this is The only way to eradicate poverty, which is the most important objective of the World Bank. Almost a press conference or seminar at this year's spring meetings warned of a rise in world debt to unprecedented levels of $ 164 trillion. Kim said that the number of countries with debt to GDP ratio rising to alarming levels rose from 7 To 14 countries, which led him to direct borrowing governments to exercise extreme caution in their dealings with religion, to choose their borrowers, and to agree on loan terms and interest rates. Kim said he expected high levels of growth in the medium term, but he was not sure how long they would last. Kim devoted much of his speech to the importance of investing in the human capital component, which he said accounts for about 65 percent of the world's wealth. Investment in human capital is not only about education, but also about providing people with the skills to help them enter the labor market. He explained that now at the World Bank they do not care about the number of years of education, but rather are more interested in what has been learned. It has become clear to us that a year of education in Yemen or Malawi is worth half a year of Singapore's education. "African countries now have an opportunity to catch up with developed countries through modern financial technology," he said. "They allow those countries to leap away like frogs, allowing the gap with the developed countries to be compensated. Kim said that there are some technological innovations that benefit people and support growth. For example, the Alibaba e-commerce company, which provides its clients with funding of about $ 150,000 in two seconds if their credit status permits, and the Enbessa system in Kenya, which allowed Kenyans have made about 90% of their banking transactions through the Internet. In some areas, the Ober cowboys have been introduced. Farmers can be brought from place to place, but the burden is on an institution like the World Bank to work with these innovators. To move their ideas to other countries, supporting the rates For their growth, we have already started. http://www.alhikmeh.org/news/archives/128769
    0 replies | 84 view(s)
  • harry's Avatar
    04-23-2018, 08:00 AM
    Finance announces the failure of the e-government project in Iraq 4/23/2018 Announced the director of information technology department in the ministry Finance Minister Aseel Mohammad Ali said on Monday that some parties have thwarted the e-government project to pass their corruption. "The ministry's efforts today are focused on activating electronic governance and driving the state departments away from the bureaucracy in dealing with official transactions with paper and pen," she said. "We encourage e-government because it has codes and codes that can not be controlled or manipulated by any corrupt, therefore must be in the next phase that all ministries work on this mechanism." She continued Ali "e-government project has been canceled by some quarters that do not like to succeed in Iraq, which in turn will eliminate the corrupt" http://www.knoozmedia.com/cat/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/
    0 replies | 80 view(s)
  • harry's Avatar
    04-22-2018, 08:08 AM
    Baghdad sends 317 billion dinars to the Kurdistan government to pay the salaries of employees 4/22/2018 (Watan News) _ Baghdad MP Tafka Ahmed said on Sunday that the federal government sent 317 billion Iraqi dinars to the Ministry of Finance in the Kurdistan region . "The Ministry of Finance in the Kurdistan region received the amount of 317 billion Iraqi dinars sent by the federal government in Baghdad to pay the salaries of staff of the region for the month of February," noting that "the provincial government needs 830 billion dinars to fill all dues Employee salaries " . "The oil exports of the region will be complementary to the funds sent by the federal government for the purpose of disbursement to all employees of the Ministry of the Territory fully," noting that "the previous agreement between the province and Baghdad was to provide for the salaries of ministries of health and education . http://www.wataniq.com/news?ID=28101
    0 replies | 78 view(s)
  • harry's Avatar
    04-21-2018, 08:17 AM
    All parliamentary legislation will be redrafted 4/21/2018 The parliamentary legal committee returned on Saturday all the pending laws in the House of Representatives abolished automatically, noting that the next government is to send the bill according to a different vision of the current government. "All the laws that have not been voted out have been automatically canceled and will be re-drafted after the elections," committee member Zana Said said. He added that "the drafting of laws will be the vision of the new government next and according to the data can not continue to pass any law is ready during the current parliamentary session." "Said Said that" the dismantling of important laws in the next session, such as the Federal Court Act and the Federal Council and others in a consensual manner. http://www.knoozmedia.com/330262/%D8%A7%D9%84%D9%82%D8%A7%D9%86%D9%88%D9%86%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AC%D9%85%D9%8A%D8%B9-%D8%A7%D9%84%D8%AA%D8%B4%D8%B1%D9%8A%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84/
    0 replies | 75 view(s)
  • harry's Avatar
    04-22-2018, 08:22 AM
    Deputies: The presidency of the parliament exceeded the law with deputies among the dismissed4/22/2018 (Watan News) - Follow-up The head of the parliamentary legal committee Mohsen al-Saadoun said on Sunday that the House of Representatives was unable to cancel the membership of deputies whose absences exceeded the limit allowed, causing irregular meetings. "The House of Representatives has not been able to cancel the membership of MPs whose absences exceeded the permissible limit, causing irregular meetings," Saidoun said, "The suspension of meetings of the House of Representatives before the end of constitutional terms is a violation of the Constitution And of the rules of procedure . " Al-Saadoun called for the presidency of the House of Representatives to "double the deductions of absenteeism from one million dinars for each session to two million dinars in order to oblige members of the House of Representatives to attend the meetings of the current legislative term, which will end at the end of this month ." "The Parliament will enter in May next holiday the last legislative term before resuming its work in June next to end the life of the current parliament on the first of next July," explaining that the disruption of parliament because of electoral propaganda is not true . "The most important laws that have been hampered by disagreements between the various parliamentary powers are the Federal Court Law, which was postponed to the next parliamentary session despite its being submitted to the vote," Saadoun said, adding that "all amendments to the laws passed to the next session will be canceled ." Saadoun believes that " the delay in adoption of the Law Council of the Union" violation of the constitution as the only body that can veto laws prescribed by the House of Representatives , "likely" the presence of more than thirty law has been carried over to the next parliamentary session . http://www.wataniq.com/news?ID=28102
    0 replies | 68 view(s)
  • harry's Avatar
    Yesterday, 08:13 AM
    Abadi: The arms of corrupt adults will not reach the reconstruction funds4/25/2018 He stressed the continuation of the pursuit of a call to eliminate it Baghdad / Sabah renewed the Prime Minister determined to hunt down terrorist elements and eliminate them in various places, stressing continuing to hunt gangs, "urged" outside the border after the defeat in Iraq, while warned of tampering with the upcoming legislative elections, To track money, property and the movement of real estate, with the aim of isolating, detaining and eradicating the big corrupt. Abadi stressed during his visit to a number of families of the martyrs that "the sacrifices of the martyrs made victory and will be lost in the hearts of all Iraqis." The Cabinet voted on the emergency project loan to support social stability and steadfastness in Iraq and discussed the regulations on investment and the amendment of its instructions. Abadi said in his weekly conference yesterday: "The painful air strike of the sites inside Damascus was not arbitrary, but came on the basis of intelligence derived from the elements of the Daqishp arrested by our forces," saying: "We will continue to chase the evils everywhere and will not allow them to reconfigure Outside Iraq, and we will do everything necessary to eliminate them in the world. " He also called on the Prime Minister of the Electoral Commission to "carry out its tasks impartially and completely independent and to make clear to all political blocs regarding the electoral process and citizens and voters also on the safety of the elections." "There are rumors about the suspension of the financial allocations of our security forces, which are completely false rumors and interfere with the electoral fever," he said. And on the file of corruption, Abadi pointed to "to conduct criminal investigations to follow up the money and property and the movement of real estate, because the previous investigations led to the detection of the involvement of junior employees, and therefore want to isolate the big corrupt and besieged them to eliminate them." http://www.alsabaah.iq/ArticleShow.aspx?ID=156169
    0 replies | 66 view(s)
  • harry's Avatar
    04-23-2018, 07:42 AM
    Do you know how much oil Iraq exported last month and how much it earned?4/23/2018 Wisdom: Iraqi oil exports last month amounted to about 107 million barrels, achieving revenues of 6 billion and 435 million, and 210 thousand dollars. A spokesman for the Iraqi Oil Ministry, Assem Jihad, on Sunday, that the statistics did not record any exports from the fields of Kirkuk, which returned to the responsibility of the Iraqi state since October 2017. The oil spokesman said that the exported quantities were loaded from 39 international companies of different nationalities, from the ports of Basra and Khor al-Amaya and the monolithic buoys on the Gulf. http://www.alhikmeh.org/news/archives/128777
    0 replies | 66 view(s)
  • harry's Avatar
    04-24-2018, 08:54 AM
    House of Representatives reveals the salaries of members of the Iraqi parliament and the allocations of its members 4/24/2018 Reply the House of Representatives, on Tuesday, the statement by MP Mishan Jubouri on the salaries of members of parliament, revealing at the same time the salaries of members and the size of their allocations, before the elections of the new session. This came in a statement to the Information Department of the Parliament on April 24, 2018 commenting on the circulation of pages in social networking sites a video section of MP Mishan Jubouri talk with a satellite channel dealt with the work of the House of Representatives and salaries of its members. The statement said that it was circulated by MP Mishan al-Jubouri regarding salaries, which did not really come into being. It is an attempt to harm a well-chosen, elected institution of the people, as it was repeatedly disclosed in previous statements on all the figures on the salaries of MPs. He added that the salaries of deputies did not reach 45 million dinars, as stated in the statement, but was 12 million and 900 thousand dinars before the launch of the reform package, while the total salary of the deputy after the application of the reduction in accordance with Resolution 333 at the highest rates of 10 million dinars as below: Nominal salary (4) million dinars The allocation of the position of (2) million dinars Certificate benefits PhD 100% of the nominal salary Master 75% of nominal salary Bachelor of 45% of nominal salary Institute of 35% of nominal salary 25% of the nominal salary As for the protections of the deputies, the statement said that "the Council adopted mechanisms and controls difficult to manipulate to grant the salaries of protections and prepare them and in the case of possession of the MP any evidence contrary, please submit to the parties concerned and the issue of the intervention of some deputies the work of government institutions also needs evidence that the speaker To submit to the judiciary, especially that he is a member of the Integrity Committee in the House of Representatives. " https://www.mustaqila.com/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%8A%D9%83%D8%B4%D9%81-%D8%B1%D9%88%D8%A7%D8%AA%D8%A8-%D8%A7%D8%B9%D8%B6%D8%A7%D8%A1-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86/
    0 replies | 65 view(s)
  • harry's Avatar
    04-24-2018, 08:47 AM
    Iraq targets market balance rather than oil prices4/24/2018 Iraq's representative to the Organization of the Petroleum Exporting Countries, Ali Nizar, said on Monday that Iraq aims to balance the market and not oil prices, while the Ministry of Oil, said exports for the month of March, more than 107 million barrels of crude oil, revenues of more than 6 Billion dollars. "Iraq is not targeting oil prices but the balance of the market," Nizar said at a press conference held in Abu Dhabi. "High oil prices are not always in our interest." "We are achieving our target for oil reserves and we are going back to an average of five years," he said. In the same context, the Ministry of Oil, said that Iraqi exports amounted to the month of last March, crude oil 107 million and 50 thousand barrels, with revenues amounted to 6 billion and 435 million and 210 thousand dollars. A statement by the ministry, received by "morning", that "the total quantities exported from crude oil for the month of March from the oil fields in central and southern Iraq, amounted to 107 million and 50 thousand barrels, with revenues amounted to 6 billion and 435 million and 210 thousand dollars, while the statistical exports Of the Kirkuk fields. " He continued, "The quantities exported were loaded by 39 international companies of different nationalities, from the ports of Basra and Khor al-Amaya and monopoles On the Gulf. " http://www.alsabaah.iq/ArticleShow.aspx?ID=156072
    0 replies | 62 view(s)
  • harry's Avatar
    Yesterday, 08:31 AM
    Economist: Rising oil prices will revive the dollar market 4/25/2018 The economic expert, Majid al-Suri, on Wednesday, that the rise in oil prices is a factor in the recovery of the dollar market in Iraq, where the rise in the financial abundance of the Central Bank. "A lot of internal factors in Iraq affect the dollar exchange rate, where the security operations and the procedures of the central bank and the situation of the political region on the rise and decline of the dollar exchange rate." "There is security stability in Iraq and at the same time there is a large accumulation of imported goods enough for years, in addition to the measures of the Central Bank eased restrictions on the circulation of the dollar inside Iraq." "The increase in oil revenues means increasing the amount of dollars sold by the government to the Central Bank and therefore there will be an increase in reserves of the Central Bank, where the bank can provide the largest amount of demand on the dollar in the market and make him the first controlling dollar exchange rate. http://www.knoozmedia.com/331800/%D8%AE%D8%A8%D9%8A%D8%B1-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%B3%D9%8A%D9%86%D8%B9%D8%B4/
    0 replies | 61 view(s)
  • harry's Avatar
    04-24-2018, 09:02 AM
    Iraq Withdraws From Buying Moroccan Refinery 4/24/2018 BAGHDAD (Reuters) - Iraq's Commercial Court Has Given Morocco Another Three Months To Sell The Samar Group, Which Owns Morocco's Only Oil Refinery, Sources Familiar With The Dispute Said Tuesday. Al-Arabi Newspaper Quoted The Source As Saying That Casablanca's Commercial Court Had Granted Another Three Months To Sell The Samar Group, Which Owns The Only Oil Refinery In Morocco After Iraq Declined To Buy It. The Judicial Guard For Further Liquidation. " She Added That BP Energy And The European Company Maintain Their Desire To Continue To Offer The Offer Despite The Withdrawal Of Iraq, Noting That If The Two Companies In The Presentation Of The Offer, Which Withdrew The Iraqis, It Will Force Them To Search For A New Partner For Them. The Newspaper Quoted "Official Iraqi Sources", In Statements To Local Media, The Iraqi Government's Withdrawal From The Race To Buy The Only Oil Refinery In Morocco, Where Justified By The Fact That The Technical Report Was Not Encouraging. The Sources, Whose Name Was Not Mentioned, Considered The Refinery To Be Old And Was Affected By The Suspension Since August 2015. After The Verdict Issued Last Friday, The Judge Is Supposed To Look For A Buyer For The Samar Group, Especially After The Iraqis Retracted Their Intention To Acquire It. , And The Disclosure Of The Content Of Another Offer From The Group "Otaiba" UAE Under The Secrecy Surrounding The Subject. The Otaiba Group, Which Has The Financial Capacity To Purchase Samir, Aims To Export Refined Oil From Morocco To The International Market, Especially As Importers Meet All The Needs Of The Local Moroccan Market. To Sell Samar, Which Has $ 2.6 Billion Worth Of Official Experts, Morocco Needs To Restart The Refinery And Keep Jobs For 825 People, Excluding Indirect Opportunities. Samir Is In Judicial Liquidation After Its Debts Reached About $ 4.3 Billion. Coral Petroleum, Owned By Saudi Billionaire Mohammed Al-Hussein Al-Amoudi, Bought The Group Under Privatization For $ 450 Million. http://www.alebaa.tv/news/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/188460/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D9%86%D8%B3%D8%AD%D8%A8-%D9%85%D9%86-%D8%B4%D8%B1%D8%A7%D8%A1-%D9%85%D8%B5%D9%81%D9%89-%D8%B3%D8%A7%D9%85%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%BA%D8%B1%D8%A8%D9%8A
    0 replies | 60 view(s)
  • harry's Avatar
    Yesterday, 08:25 AM
    Parliamentary economic: precautionary measures of the Central Bank stopped wasting large sums 4/25/2018 The Parliamentary Investment and Economic Committee attributed Wednesday the decline in the exchange rate of the dollar against the dinar in the local markets to the security stability and the rise in international oil prices, pointing out that the precautionary measures taken by the Central Bank on the currency auction stopped the waste of large amounts. The committee member Najeeb Najib said in a statement that "the rise in oil prices and the increase in foreign exchange reserves at the Central Bank, as well as the end of the war on the criminal and security stability is the most important factors stabilizing the dollar exchange against the dinar." "The precautionary measures taken by the Central Bank in cooperation with international regulators on the transparency of the auction of currency and control of funds stopped the waste of large amounts were going in favor of the senior corrupt." "The Central Bank of Iraq set the official exchange rate 1200 dinars per dollar during the budget and if the rise will bear the state additional financial burdens can not be easily compensated. http://www.knoozmedia.com/331836/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D8%A5%D8%AC%D8%B1%D8%A7%D8%A1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%AD%D8%AA/
    0 replies | 58 view(s)
  • harry's Avatar
    04-24-2018, 08:40 AM
    Challenges of economic reform at the expert table 4/24/2018 In a conference of academics and engineers Baghdad / Hussein Thugb When the determinants of evolution are on the table of experts, access to effective treatments is easy. Solutions are presented through experiences that combine the theoretical aspects with the actual work field, leading to a qualitative output that contributes to a better life. The scientific conference, which was sponsored by the Ministry of Higher Education and Scientific Research, tackled the challenges facing the reform process in a country that seeks to advance after wiping out the dust of the war to lead the country to reconstruction and construction. Challenges and Reform Undersecretary of the Ministry of Higher Education Salam Khoshna stressed "the importance of standing up to the challenges and reform that we seek, and stress the need for public institutions to provide the appropriate environment for the advancement of social and economic joints. He called for the formation of a Higher Council for Education in Iraq, which will outline all stages of comprehensive reform, and the importance of this conference in the development stages. "He pointed out that" education is capable of building a basic building block on which to build " the importance of reviewing and modifying legislation in force. " integrating Dean of the Faculty of Mansur University, Dr. Abdul Rasool Abdul Jassim said: "The country is in need of the consolidation of the relationship between the effort and the academic and field, with the aim of achieving integration benefits to Iraq, which has declined its economy over the past decades a lot." Jassim stressed that "human resources need to prepare for a new stage is the direction towards work and reconstruction, which requires all disciplines without exception, which requires us to enhance the educational capabilities and be our outputs at the level that requires the volume of work in Iraq." Global Developments International Financial Sector Expert "The globalization of Islamic financial services and the development of Islamic contracts should be developed in line with developments taking place at an accelerated pace," he said. "The importance of focusing on the governance of Islamic banking work to support economic reform through the provision of advanced products, especially after the issuance of a guide to corporate governance of banks by the Central Bank of Iraq, which is characterized by the existence of bilateral governance resulting from the existence of two different boards, namely the Board of Directors to monitor the administrative side of the bank, And the Shari'ah Supervisory Board to monitor the compatibility of banking operations with Islamic Shari'ah. The guidelines for the management of institutions that are limited to Islamic financial services issued by the Islamic Financial Services Council. " The academic d. Mourad Saeb Mahmoud said: "The private sector has become an important pillar of the economy and development in the countries seeking to develop and provide the public sector with the provision of services to the community, where partnership contracts are one of the most important methods used by the administration in the implementation of development projects and services, An agreement between the administration represented by the public sector and private sector companies to participate in the establishment and implementation or management of service projects and infrastructure projects. He pointed out that "this type of contract is characterized by hybrids in terms of the extent of considering them as private contracts or administrative contracts on the one hand and the nature common to them on the other." International standards In his study, the expert on economic affairs, Mohammed Kassem, discussed the application of international standards for financial reporting in Iraqi private banks after the adoption of the international standards for the preparation of interim financial reports for Iraqi private banks, increasing or rising after adoption of the International Financial Reporting Standards. "The research reached several recommendations, the most important of which was the need to increase the focus on accountability in all directions related to IFRSs to take advantage of all opportunities that may arise," he said. Economic Specialist Ahmed Wajih addressed the reform of the accounting system of banks as the real supporter of the Iraqi economy through the application of international accounting standards and compliance. The International Accounting Standard No. (30) the role of Barzergam the importance of all criteria to reform the accounting system of banks as a specialist in the organization of banking operations, Of the Iraqi banks to be the basis for choosing the extent of its commitment to apply that standard. http://www.alsabaah.iq/ArticleShow.aspx?ID=156027
    0 replies | 58 view(s)
  • harry's Avatar
    04-24-2018, 08:35 AM
    Economic Development Projects 4/24/2018 Promoting and stabilizing Iraq requires economic development that is a goal of the public and private sectors. Development in all sectors is inevitable and requires the availability of a suitable environment commensurate with the international effort specialized in the ability to work in Iraq, in light of the current situation in the country, especially as we are well aware that the international effort examines the working environment in all aspects, and then comes the weight of work and investment when available Attractive circumstances that confirm the great benefit to the two sides of the investor who needs to maintain his reputation and the beneficiary who needs the project, whatever it was. In order to create an effective economy in the regional and international arenas, it is necessary to work hard and fast to overcome a number of legislative and executive determinants and to prioritize sectors from one sector to the other, in harmony with the future guarantees that are the most important elements of attraction. Iraq is looking for sustainable economic development through the exploitation of natural and human resources in this field. The investment environment that attracts the international effort requires the activation of the financial market through strict laws suited to the stage and the adoption of advanced technologies that will deal with the market through the advanced technology that invaded the globe. We must focus on development that requires a solid financial sector, which necessitates the enactment of a new banking law that strengthens the financial sector and makes it able to provide sophisticated products commensurate with the need of the local effort working outside Iraq, as well as the international effort owner of the best technologies and the researcher for such products congruent and work requirements Especially as the development of the most important requirements of banks working with sophisticated technologies dealing with a large financial block as is happening all over the world. The presence of an effective banking sector with advanced mechanisms and offering products that compete with international banks is an absolute necessity, and with an effective insurance sector in dealing with a large volume of projects, we have created an integrated private sector. The development of our country, the owner of the wealth, and the seeker for its optimal investment, requires an integrated social security law that can benefit from international experience, a pension law for all Iraqis guaranteeing their pension rights and changing the culture of dependence on the government job. The present time requires the work of the National Investment Commission to develop a marketing mechanism to bring real investments and international companies solid and classified on the international list, and set priorities in the investment work to be able to take a steady pace towards real development. http://www.alsabaah.iq/ArticleShow.aspx?ID=156026
    0 replies | 50 view(s)
  • harry's Avatar
    Yesterday, 08:00 AM
    Privatization achieves financial stability and the private sector does4/25/2018 It is one of the basics of economic reform of the current phase of the Baghdad / Imad Emirate Privatization in the current stage is one of the most effective fundamentals in the process of economic reform, based on the philosophy of a market economy that includes the deficit in some governmental institutions to achieve the optimal exploitation of resources and the equitable distribution. This calls for the private sector to take an active role in economic activity. The right to intervene in cases where there is any defect that may lead to economic damage. Financial Markets Abdul-Sattar Abdul-Jabbar Musa, the academic economist, explained the role of privatization in the economic process in Iraq. "The various methods of economic privatization can be summed up in three ways: First: full or partial financing of the ownership of economic projects from the public sector to the private sector, Public stocks during the financial markets, indicating that this method requires the existence of relatively sophisticated financial markets guarantee the success of that method The second way is that "The economic project is sold to a private company or the sale of the project to the executive and general managers. The third method is through the administrative contracts that are made through contracting with the private or foreign companies specialized in the field of the project to manage all its economic operations while retaining its ownership of the state for agreed returns In order to benefit from local and foreign experiences and avoid the losses that are realized by the state administration of these projects as well as the integration that is achieved with "The method of concession under the method of concession, the state gives the local or foreign investor the right to exploit a specific economic resource or the production of a specific commodity or service in exchange for agreed revenues concession contract, and there are too many species of this type extends from natural resources such as oil and gas and other species, Including the provision of services such as ports or transport of various kinds Economic projects between Moses that "the choice of privatization in the path of economic reform will leave different repercussions at the economic levels, partial and macro, at the micro level must be provided private capital local and foreign necessary for Especially in large industries such as telecommunications, electricity, oil and other projects. " He called for achieving economic and technical efficiency by reducing costs and eliminating unproductive surplus labor and thus making profit by "providing new departments for economic projects with the economic expertise that qualifies them to make economic decisions related to production and pricing." Stressing that "privatization achieves the financial stability of governments in light of their disposal of spending on economic projects lost and provide financial support is not justified, as well as what will return to the State of the amounts of the sale of a number of projects as well as tax revenues from private projects." http://www.alsabaah.iq/ArticleShow.aspx?ID=156135
    0 replies | 42 view(s)
  • harry's Avatar
    04-24-2018, 08:32 AM
    Action against corruption and challenges4/24/2018 Abdul Aziz Subhi Al Khudairy In a meeting with Prime Minister Dr. Haider Al-Abbadi and his vision, which was characterized by credibility and comprehensiveness, put his hand on the reservoir of the problem, and the location of the wound in the case of rampant corruption, where he said: "The routine, and the complexity of administrative procedures in government institutions is the most important factor of the spread of this negative phenomenon" Exploitation of positions for material gain. The specialized researchers have identified the phenomenon of administrative and financial corruption as a term intended for irregularities and crimes committed by the public employee. It can be divided into three types: the first involves the exploitation of the job for personal interests; the second type violates internal regulations; and the third type is linked to financial abuses such as bribery Embezzlement, and other financial excesses. The researchers discussed the phenomenon of administrative and financial corruption in Iraq, it is very shameful to include Iraq among the five most corrupt countries in the world in the report of Transparency in 2016, and despite the fact that this deadly community scourge in the past, and known throughout the ages, We find it pervasive here and there. The danger of this phenomenon is reflected in the fact that it causes the administrative system to fail and prevents societies and states from catching up with the path of civilized progress and prosperity among nations and peoples. There is no economic recovery (industrial and commercial). Government The gap widens and the danger increases. From our point of view, we have occupied this negative situation in our country because it is not about the great effects and obstacles we face in our daily dealings as a private sector with government institutions, but because it penetrates deep into the moral system of the society and its individuals. And the subsequent generations as well. Therefore, we have taken a serious and effective stand to address and correct what happened since 2003 and today, from the collapse of some concepts and the human values ​​of society, which give our Iraqi people their cultural identity, which is proud of every citizen, The National. It was necessary for us, after sensing the scourge of administrative and financial corruption and our suffering for its dangerous negative effects, to look for the real reasons for it. We propose effective solutions to eliminate them in cooperation with officials, headed by the esteemed Prime Minister and his support in his great campaign to fight corruption and punish the corrupt. a few class lacked experience, efficiency and effectiveness, and ignoring the public interest, lead in the future to bad and harmful effects on all levels, where this corruption is evident, for example , are not limited to the following practices: 1- in violation of the laws, and contrary to the values, and the First of which we were brought up on them, and planted the Islamic religion, sound and instinct that God mushroom by man as a creature of God generosity of mind, and ordered him to reconstruct the land, and succeed him on them. 2 - Routine killer, and sterility, and the large number of obstacles, and the difficulties in the daily reviews between the citizens of the State Departments, making him have no choice but to engage with them in corruption, and provides them with bribes in order to get the need and legitimate rights, or lose those rights, His suffering is increasing. 3. The prevalence of nepotism and the loss of democracy. Proposed solutions to address administrative corruption: 1 - Establishing monitoring bodies and accounting in the management of administrative affairs in governmental institutions, for example establishing an independent body to reduce the routine, and government reviews by automation and electronic information management, in order to increase productivity and reduce waste in time, effort and speed of delivery and quality This body has a supreme authority and is linked to the highest levels in the state. It also has the power of judicial control. Follow-up of administrative corruption requires an organizational decision from the government and the Presidency of the Council of Ministers. The Commission is an integrated body that fulfills all powers. Dome of government bodies at a high level, and the accountability of each administrative official by submitting a financial report on personal revenue; to be held accountable if exploited, his job. 2 - Declaration of the State strategy in the fight against corruption, dissemination and education, as well as the existence of the secret guard to follow up the work of ministries, the lack of state institutions result in the exploitation of power and dictatorship in decision-making without oversight, or accountability. 3 - Receiving citizen complaints, grievances by e-mail, or telecommunications company, and verified through a committee of specialists in legal affairs, and then send them to the concerned authorities to respond to such complaints and grievances. (Penal Code No. 111 of 1969), as amended by the Penal Code No. 111 of 1969, which is considered an offense against the duties of the post in articles 223 and 224, Other materials. 5 - Develop the provisions and procedures to prosecute those who pay, or offers a bribe to an employee, the displays of bribery be held criminally responsible as well, and the development of control mechanisms of preventive administrative corruption, and the therapeutic example of choosing the right employee in the right place, train constantly and spreading the culture of reporting irregularities to the - employees . 6 - Dissemination of the rules of conduct in government institutions, and private in order to ensure integrity (eg, ethics of doctors, pharmacists, etc.) according to each ministry, and the provision of strict provisions to prevent the acceptance of gifts or material amounts or moral services to any employee in order to accelerate, And to expedite the completion of the work of the employee responsible for his performance by virtue of his work, or to refrain from performing the work entrusted to him, or mediated employee to another employee to violate the legislation in force. In conclusion, we say that countries seek to advance, promote and strive to eliminate corruption so that they can achieve advancement and development in all areas through adopting methods and legal procedures that regulate and regulate the functioning and performance of work, prevent slippage and career deviation and achieve equality in dealing with Citizens, and provide all guarantees, and achieves administrative control in government institutions, and private, up to the flowers, and progress. Federation of Iraqi Industries http://www.alsabaah.iq/ArticleShow.aspx?ID=156022
    0 replies | 38 view(s)
  • tudor's Avatar
    Today, 07:01 PM
    ​Update! Our member that had surgery today is doing well and does NOT have cancer!!! Prayers answered once again. Their heart will be tested tomorrow as they had some chest pains, but meds relaxed it. So keep praying please. Harry, hope your wife is recovering nicely too.
    200 replies | 6845 view(s)
  • tudor's Avatar
    Today, 09:53 AM
    Harry, prayers for your wife and you. Let's hope that they get all that needs to be taken so she can heal. Also prayers for another member that is having surgery today. They want to stay anonymous, but want your prayers. God knows this wonderful person and prayers will always help! God please heal harry's wife and our other member too, amen
    200 replies | 6845 view(s)
  • Bondlady2's Avatar
    200 replies | 6845 view(s)
  • DodgerBoy's Avatar
    Today, 12:30 AM
    I am brokenhearted for you and your wife. I pray for doctors to be guided by God to accomplish his purposes in her body.
    200 replies | 6845 view(s)
  • harry's Avatar
    Yesterday, 12:36 PM
    updates on my wife tomorrow the do surgery on her toe next to the big toe and remove its at 8am
    200 replies | 6845 view(s)
  • guardian's Avatar
    Yesterday, 11:47 AM
    I'm so sorry harry! I'm praying for your wife's healing and recovery!
    200 replies | 6845 view(s)
  • b1955's Avatar
    Yesterday, 10:03 AM
    Harry praying for your wife that the Lord will heal the infection in her toe and wisdom for the Dr.
    200 replies | 6845 view(s)
  • harry's Avatar
    Yesterday, 07:50 AM
    good morning to all ds i pray that everyone will have a blessed day today and enjoy its, prayer need for my wife her toe next to her big toe the one she had problem with now she has infection in its and is in the hospital and get antibiotics treatment for its. she had Mri on its yesterday.
    200 replies | 6845 view(s)
  • Bondlady2's Avatar
    200 replies | 6845 view(s)
More Activity