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
    02-15-2018, 08:58 AM
    Iraq signs two projects worth $ 510 million with the World Bank2/15/2018 The Iraqi government signed Wednesday with the World Bank two projects worth 510 million US dollars to improve the living conditions of the Iraqi people, increase water supply and create jobs . The two projects were signed in the presence of Iraqi Prime Minister Haidar al-Abadi and World Bank Group Chairman Jim Young Kim as part of the Kuwait International Conference for the Reconstruction of Iraq, the bank said in a statement . The two projects, in addition to the current $ 750 million emergency development program and other commitments, will increase the World Bank's commitment to Iraq to $ 4.7 billion from $ 600 million four years ago, the bank said . "These commitments will provide immediate support for educational and health services, reconstruction of important roads and bridges, and rehabilitation of electricity and water systems," the World Bank said . He noted that the current emergency reconstruction projects created thousands of job opportunities for Iraqis and predicted that new projects would create millions of jobs . In addition to providing financial support, he is working with the Iraqi government by providing technical assistance to Iraq's recovery and laying the foundation for private sector investment in the country . http://www.ikhnews.com/index.php?page=article&id=164385
    1 replies | 116 view(s)
  • harry's Avatar
    02-15-2018, 08:37 AM
    Parliament reveals: This is why the parliament left its meeting open to Saturday left its meeting open to Saturday 2/15/2018 Baghdad / / .. The MP for the National Alliance Salim Shawki, on Thursday, the reason for keeping the House of Representatives open to next Saturday. "The House of Representatives left its open to next Saturday for dialogue and debate on the budget," Shawki said for "the eye of Iraq News," stressing that "there is keenness of most blocs to pass the budget because the disruption is a loss for all provinces." He added, a member of the parliamentary legal committee that "there is a rejection within the parliament for the percentage of 17% demanded by the Kurdish blocs in the budget of 2018, and the continued boycott of meetings by the Kurds, will not benefit anything." A parliamentary source said on Thursday that the House of Representatives ended the first reading of the proposed law, while resuming its meeting on Saturday from next week. http://aynaliraqnews.com/index.php?aa=news&id22=92768
    0 replies | 82 view(s)
  • harry's Avatar
    02-15-2018, 09:02 AM
    Does Abbadi reject the loans of the Kuwait conference? 15-02-2018 01:14 PM A source familiar with the Council of Ministers said on Thursday that Prime Minister Haider Abadi may 'reject' the loans granted to Iraq at the Kuwait conference, pointing out that the World Bank has confirmed the country's inability to bear more debt . The source said in a press statement that 'Abadi will discuss at the meeting of the Council of Ministers today, the loans granted to Iraq at the Kuwait International Conference for the reconstruction of Iraq, amounting to about $ 27 billion, and the possibility of rejection . He pointed out that 'Iraq is not obliged to accept these loans, if it relies on foreign investments, and will be discussed at the meeting today . 'The source said that 'the World Bank had recommended the Iraqi government not to borrow more loans, including the facilitator, but the participating countries gave Iraq sovereign loans, threatening the wealth of the country in the event of not regulate the process of investment '. "Iraq was expecting to receive grants of at least $ 5 billion, but it has only $ 2 billion and $ 800 million, " he said. The source pointed out that 'the Central Bank of Iraq stressed during the Kuwait conference that Iraq can not afford any other loans after borrowing the maximum limit scheduled for the past four years, and will continue to pay loans for six decades to come .' http://www.ikhnews.com/index.php?page=article&id=164386
    0 replies | 78 view(s)
  • harry's Avatar
    02-17-2018, 09:31 AM
    When will Kuwait repay its debts? 2/17/2018 BAGHDAD (Reuters) - Iraq will end its debts to Kuwait from the 1991 invasion beyond 2020, an economic adviser to the Iraqi government said Saturday, pointing to negotiations to find an alternative solution . Saleh said that "the remnants of compensation of the war in Kuwait, which is today about 4.5 billion dollars, began to pay from the first of this year by half a percent of the return of each barrel of crude oil source . He added that 'the ratio will rise in the year 2019 to 1.5% of the return of each barrel to pay the remnants of compensation and become in 2020 by about 3% of the return of each barrel of oil until the extinguishment of full compensation .' "There are negotiations to be held next April with the United Nations Compensation Fund in Geneva to assess the payment mechanisms and possibly find another alternative, " Saleh said . http://www.ikhnews.com/index.php?page=article&id=164432
    0 replies | 70 view(s)
  • harry's Avatar
    02-17-2018, 09:09 AM
    A meeting is expected for the three presidencies this week to discuss the budget 2/17/2018 The House of Representatives ended the reading of the two laws Baghdad / Sabah / Omar Abdul Latif The three presidencies have set a meeting date for this week to discuss three files, most notably the budget this year, as well as the results of the Kuwait Conference and the relationship between the Center and the region. And while the House of Representatives resumed on Thursday, Headed by Salim al-Jubouri, during which he concluded the first reading of the laws of the Iraqi Programmers and Traffic Syndicate, the MP of the faction of parliamentary wisdom, Hassan Khalati, expected that everyone would eventually reach an agreement to pass the budget within the minimum level of consensus. The legal adviser to the President of the Republic, Amir Kanani, in an interview for "morning": "The meeting of the three presidencies will be presented in the most important issues on the domestic political scene in addition to what they see the personalities of the meeting," explaining that "the Speaker of the House Salim al-Jubouri recommended the inclusion of discussion budget General of this year within the schedule of the meeting of the three presidencies. " "The other file, which will be discussed by the meeting of the three presidencies, is the relationship between the center and the region to seek solutions to issues that are still stuck, such as airports, borders, salaries, etc., as well as discuss the developments in the political process related to the elections and review the most important events and highlight the results of (Kuwait International Conference) Reconstruction of Iraq. " In the meantime, the statement of the Information Service of the House of Representatives, received by "morning", that the Council ended, at the beginning of its meeting, "the first reading of the proposed law of the Iraqi Programmers Association submitted by the committees of civil society and legal institutions, which came to attention to the segment of programmers to upgrade their level and support and development of this segment Defend their rights and keep abreast of technological developments. " The Council completed the first reading of the draft traffic law submitted by the Security and Defense Committee for the purpose of regulating vehicle traffic rules, determining the parties responsible for registering them, determining conditions of safety and security, Violation and economic reality and identify those who have the power to impose the fine. " On the other hand, Jubouri announced, according to the statement, "a meeting of the Presidency of the Council, which was discussed requests for interrogations provided and included on a daily basis within the meetings of the Council in the event of a quorum." It was then decided to resume the session Saturday at 11 am. And on the budget this year, the MP for the stream of wisdom parliamentary, Hassan Khalati, in a press statement, "The political districts of the sessions of voting on the budget may work to delay the adoption, but the outcome will not impede the passage, and everyone has the conviction and desire to pass the budget so as not to repeat the experience of the year 2014, "noting that" not pass it will weaken Iraq in the global economic spaces, which we do not want, especially in light of this difficult stage. " He added that the budget has completed the first reading and was started in the second, so the provinces or differences that took place during the next stages will have a negative impact, but must pass the budget, "expected that" everyone reaches an agreement to pass the budget within the minimum limits of consensus. " http://www.alsabaah.iq/ArticleShow.aspx?ID=152911
    0 replies | 62 view(s)
  • harry's Avatar
    02-18-2018, 10:29 AM
    World Bank reveals the nature of loans granted to Iraq 2/18/2018 The World Bank revealed the nature of the loans it gives to Iraq and its financial ceilings, pointing out that it does not impose conditions on the Iraqi government, but is keen to achieve reforms that attract investment, while stressing his commitment to work with Iraq, whatever the need to build the state, provided that sail in the right track. "We are determining what measures should be taken in the country to embark on long-term development," Zawahra newspaper quoted the director of Mashreq at the World Bank, Sarun Jacumar, as saying. "There is a program with the Iraqi government to help it with fiscal, To fit the most vulnerable segments of the different regions of Iraq, and we have support for the government worth one billion dollars each year by the World Bank. " "The World Bank is committed to working with Iraq, whatever its need to build the state," he said. "The bank does not impose conditions on Iraq in return for a loan grant and works to secure the necessary financial instruments with the Iraqi government to carry out reforms that attract investment." "In Iraq, we have a program that highlights financial and social reforms to address the most fragile areas in Iraq," he said. "We are not working at the local level, and the World Bank is committed to working with Iraq no matter how much it needs to build the state," he said. "All resources will ensure that Iraq is on track." He called on all investment companies to "continue to implement projects in Iraq in cooperation with the World Bank," pointing out that "human investment is the most important for the development and economic recovery and the restoration of Iraq's infrastructure." http://www.skypressiq.net/2018/2/15/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%8A%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D8%B7%D8%A8%D9%8A%D8%B9%D8%A9-%D8%A7%D9%84%D9%82%D8%B1%D9%88%D8%B6-%D8%A7%D9%84%D9%85%D9%85%D9%86%D9%88%D8%AD%D8%A9-%D9%84%D9%84%D8%B9%D8%B1%D8%A7%D9%82
    0 replies | 59 view(s)
  • harry's Avatar
    02-17-2018, 09:35 AM
    A meeting of the three presidencies this week to discuss the budget and the Kurdistan crisis 2/17/2018 A meeting of the three presidencies this week to discuss the budget and the Kurdistan crisisThe three presidencies set a meeting date this week to discuss several files, most notably the budget this year, as well as the results of the Kuwait conference and the relationship between the center and the Kurdistan region . The Legal Advisor to the President of the Republic, Amir Kanani said in a statement to the newspaper 'morning', that 'the meeting of the three presidencies will be presented the most important issues on the domestic political scene in addition to what they see the personalities gathered', explaining that 'the Speaker of the House Salim Jubouri recommended the inclusion of discussion of the budget For this year within the agenda of the meeting of the three presidencies '. Kanani added that 'the other file to be discussed by the three presidencies is the relationship between the center and the region to seek solutions to issues that are still stuck such as airports, borders, salaries and others, as well as discuss developments in the political process related to the elections and review the most important events and highlight the results of (Kuwait International Conference) Reconstruction of Iraq '. http://www.ikhnews.com/index.php?page=article&id=164436
    0 replies | 59 view(s)
  • harry's Avatar
    02-15-2018, 08:31 AM
    Economist: Kuwait Reconstruction Conference and wrongly understood as donors 2/15/2018 Economist Hammam al-Shamma said on Thursday that the conference was for the reconstruction of Iraq, but that it was wrongly understood as a donors' conference, pointing out the need for gradual recovery of capital according to the rules. "The Kuwait conference is not a donors' conference and its official name is the Iraq Reconstruction Conference," he said. "But it is a mistake to give financial grants, but the purpose of the conference is to rebuild Iraq. The conference has turned into an investment conference." "This investment will be made by companies that implement income-generating investments and return them a financial return, and the financial return is the reward of investment, either the recovery of capital is gradually according to the rules in force, it is not a loan but an investment and will not be a burden on the Iraqi economy, The money will be from the same investment returns. " The economic expert said that "the grants announced at the conference are simple grants intended to establish a fund, perhaps to finance some of the housing projects that were destroyed through the launch of some loans through the banking system," pointing out that "these funds will be linked to legal guarantees and guarantees by countries Which gives this money. " It is worth mentioning that the amount of funds allocated for the reconstruction of Iraq from the countries participating in the reconstruction conference amounted to 29.60 billion dollars, the total amounts pledged by countries and institutions and international organizations at the Kuwait Conference to support reconstruction and investment in Iraq. The amount allocated for reconstruction and assistance to Iraq, first concessional sovereign loans, of which total sovereign loans amounted to 15.5 billion dollars, Kuwait was 1 billion, Turkey 5 billion, Saudi Arabia 1 billion, Qatar 1 billion, UAE 250 million, Arab Social Fund 1.5 billion, Islamic Development 500 million, Italy 260 million, the World Bank 6 billion, as well as non-sovereign credit, financing and project guarantees. While non-sovereign loans, financing and guarantees of investment projects amounted to 11.61 billion, which are as follows: Kuwait 1 billion, Saudi Arabia 500 billion exports for reconstruction, the UAE 5.200 billion, Britain 210 million, the United States of America 3.5 billion and Japan 1.2 billion. There were also other grants to Iraq during the conference, and amounted to 1.8 billion dollars, which are: Kuwait 100 million, the European Union 493 million, the UAE 50 million, Turkey 50 million, Australia 18 million, Norway 54 million, as well as the United Kingdom 9.5 million Japan has 100 million, Korea 10 million, Italy 11.5 million, Canada 12 million, Germany 390 million, Finland 12 million, Luxembourg 12 million, Belgium 8 million, Sweden 140 million, Hungary 1.6 million, Slovakia 1 million, Is 29.6 billion dollars. " The Conference of the Reconstruction of Iraq in Kuwait concluded on Wednesday, where the Kuwaiti Foreign Minister announced a press conference with his Iraqi counterpart and the participation of the President of the World Bank and the Secretary-General of the United Nations, the value of the amounts allocated for reconstruction amounted to 30 billion dollars, out of 88 billion dollars announced Iraq needs to reconstruct the liberated areas and other areas in other provinces. " http://aynaliraqnews.com/index.php?aa=news&id22=92744
    0 replies | 59 view(s)
  • harry's Avatar
    Yesterday, 09:05 AM
    Parliamentary Finance reveals the addition of eight paragraphs of the budget and the amendment of 4 articles and set the date of voting 2/19/2018 A member of the parliamentary finance committee Hossam al-Aqabi said on Monday that "daily meetings are continuing to make some amendments to the law of the general budget," stressing that his committee "will submit the draft law to vote within one week . ""The financial committee voted in its meeting held on Sunday to cancel one of the paragraphs of the budget law related to the deduction of 3.8% of the salaries of employees and retirees," he said, adding that "eight new paragraphs will be added and four Materials on the draft budget bill by the parliamentary finance . "He explained that "the rate of transfer and reduction will be few in the budget this year compared to previous years because of the financial crisis experienced by Iraq," stressing that "the taxes set by the government raised from non-oil revenues to about 600 billion dinars of its total size of 13 trillion dinars ". "The non-oil revenues obtained from the budget for the year 2017 exceeded 13 trillion dinars after it was planned by 12 trillion dinars ."He concluded that "points of contention with the Kurdish forces are waiting to discuss with the Prime Minister to agree on them ." http://www.wataniq.com/news?ID=25628
    0 replies | 51 view(s)
  • harry's Avatar
    02-17-2018, 09:16 AM
    The freezing of terrorist funds 2/17/2018 Baghdad / Al-Sabah The government began on Thursday the implementation of the decision to freeze the terrorist funds issued by the parliament earlier and ratified by the presidency, according to a statement of the Department of the Official Gazette of the Ministry of Justice. The Director General of the Department, Shatha Abdul Malik: "The decision to freeze the funds of terrorists, issued by the Parliament No. 1 of 2018, published Thursday in the new issue of the newspaper number 4479," and explained that "the number included a series of special decrees for the transfer of a number of ambassadors On the retirement in addition to the instructions to implement the work in the manner of Secretariat No. 1 of 2018, and the statement of establishment of the General Company for Air Navigation Services http://www.alsabaah.iq/ArticleShow.aspx?ID=152913
    0 replies | 51 view(s)
  • harry's Avatar
    02-17-2018, 09:06 AM
    International companies looking to implement major projects17/2/2018 After Iraq won the international confidence Baghdad / Sabah The process of transformation in the Iraqi economy is proceeding at an accelerated pace, as the country is gaining international confidence and the major international companies are racing to gain a foothold in the Iraqi labor market. It is good to stop at the moment and consider the next steps to be taken in Iraq. Could be undertaken by the private sector. Of course, that shift begins with many areas of infrastructure, especially electric power, as it is the basis on which modern Iraq will be built. The provision of electrical energy and the work of its durability and reliability, to ensure delivery to every Iraqi citizen, is a basic human and important for the social and economic development in the country. Quality projects CEO of Siemens in Iraq Musab al- Khatib, said: "Kuwait conference is to gain international confidence in Iraq and the global effort advanced, which makes Iraq kiss sophisticated global companies that have the potential implementation of the quality of much - needed projects." "The electricity sector is at the center of development and the foundation for economic development. Through a series of integrated strategies in the short, medium and long term, it is possible to ensure a rapid and smooth transition to a stable and enhanced energy grid by stopping the growing gap between demand and energy, . Power generation According to a study of the reality of the rates of demand for electricity in Iraq, the growth rate is almost 6 percent annually, which means the need to increase the generation of electricity at the rate of 1,500 megawatts per year .. It is necessary to meet this growing demand for energy quickly to stop the growing gap between levels Demand and the availability of electric power. "The current infrastructure of the electrical system in Iraq will be a major contributor to increasing the production of electric power in the future in the short and medium term, as there are promising possibilities to build a set of temporary mobile power stations, which can be implemented within months, at the same time on the rehabilitation of existing power plants, thereby contributing to the restoration of a large capacity of power generation in the areas you need more than others " global companies a member of the Baghdad economic Forum Jassem Al - Aradi said in an interview with the " morning " , " the importance of the Hod electricity sector, because it is an active contributor to the economic development process sought by the Iraqi partnership with specialized international companies which have expressed their desire to enter the Iraqi market and work in the liberated areas and different Alasttmkarat. " He pointed out that "Iraq can employ free natural gas and associated investment to cover the requirements of energy and industry in general and the export of surplus, and thus can move the national economy in cooperation with major specialized companies." Sustainable energy and with regard to the issue of job creation , Khatib said: "It is important to take education and training into account, we do not believe that it is possible to build a sustainable state energy by importing talent, sustainable economic and social development is backed by a group of experienced and highly skilled local talent, But it is not necessary that the skills we have today are what we need in five or ten years from now. " "The need to provide them with the skills they need in the future, to bridge the gap between the existing workforce through new technologies and cooperation frameworks at the academic level, and the private sector is responsible for transferring knowledge, expertise and technology to empower a new generation And education and training is an integral part of the work of Siemens in the Middle East in general and Iraq in particular, " Hydrocarbon wealth, explaining that"There are many challenges, but we believe that the future promises a lot. There are enormous resources available to the Iraqi people, whether in the form of hydrocarbon wealth or outstanding talents. We are sure that the Iraqi government is taking firm steps to fight corruption to ensure that the future economy is based on projects and projects. And we look forward to having an outstanding and effective role in a new and exciting chapter of the country's march. " "Iraq has significant hydrocarbon assets and, if used efficiently, will drive a new era of sustainable economic development. The energy sector will of course play a major role, as more efficient power generation will leave more resources for export, Large untapped potential for associated gas or flare gas in cooperation with the competent authorities (Ministry of Oil). http://www.alsabaah.iq/ArticleShow.aspx?ID=152900
    0 replies | 50 view(s)
  • harry's Avatar
    02-17-2018, 09:14 AM
    {NATO}: a broad training plan in Iraq 2/17/2018 Baghdad / Al-Sabah NATO's Secretary General, Jens Stoltenberg, said in a press conference Thursday that "NATO plans to stay more broadly in Iraq, in the context of training the army without any tasks "The current training teams in Iraq are based on small but facilitative teams and facilitate their movement and provide training for Iraqi officers," Stoltenberg explained, "The presence of the NATO alliance in Iraq to train the army came at the request of the Iraqi government, "We organize training in Iraq until the army is built Full ". http://www.alsabaah.iq/ArticleShow.aspx?ID=152912
    0 replies | 48 view(s)
  • harry's Avatar
    Yesterday, 09:28 AM
    13 F16 aircraft to Iraq next year 2/19/2018 A new batch of F-16 fighter jets will arrive in Iraq starting next year, the Washington-led international coalition said .Deputy Commander of the International Coalition Forces, Major General Andrew Croft, said in a televised statement that the new batch includes 13 fighters of this type and will arrive in Iraq 'probably' next year . With this payment, the number of aircraft to be flown by Iraq will rise to 34 . Croft did not say whether the planes would arrive in Iraq at once or in separate payments . Baghdad and Washington signed an agreement in 2011 to buy 36 F-16 fighter jets . Iraq received the first batch of these aircraft in July 2015 and then received the other payments successively in subsequent years . The Iraqi Air Force used F-16 fighter jets in the battles, which were supported by the US-led coalition against a staunch organization . http://www.ikhnews.com/index.php?page=article&id=164490
    0 replies | 45 view(s)
  • harry's Avatar
    Yesterday, 09:11 AM
    US report: Kuwait conference failed and a humiliating blow to Iraq threatens the future of Abadi 2/19/2018 The New York Times reported on the Iraq reconstruction conference held in Kuwait, saying it was heading for 'failure', usually a 'humiliating blow' to the federal government headed by Haider al-Abadi . "Iraq has destroyed a war with extremists who are calling for the destruction of cities and the displacement of millions of people. Iraq has asked the US-led allies for $ 88 billion for reconstruction," the paper said . The Iraqi fund-raising conference in Kuwait, attended by dozens of potential donors, went into failure on Tuesday, with barely $ 4 billion - and nothing from the United States, the paper said in its report. While the conference does not end until Wednesday, the message was clear: President Trump left the building of the Iraqi state to others, and they barely respond . "It was a humiliating blow to the Iraqi government, which could not afford a fraction of the cost of rebuilding the war that in some respects was the result of the 2003-2003 US-led occupation . "This failure threatens the political future of Iraqi Prime Minister Haider al-Abbadi and undermines years of efforts by the United States and others to stabilize Iraq and fight extremism, " it said. http://www.ikhnews.com/index.php?page=article&id=164481
    0 replies | 45 view(s)
  • harry's Avatar
    Yesterday, 08:43 AM
    https://www.lifehack.org/articles/lifestyle/12-unexpected-benefits-drinking-hot-water.html
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    Yesterday, 08:55 AM
    Parliament plans to impose new taxes and an expert reveals its implications for the Iraqi economy 2/19/2018 BAGHDAD (Reuters) - The country's determination to impose new taxes on some private sectors will lead to a series of problems, including inflationary pressure in the Iraqi economy, economic expert Salam Samisem said on Sunday. "The determination of the state to impose a new law on taxes on some private sector projects will lead to a series of problems, including inflationary pressure in the Iraqi economy and this inflationary wave will be the burden primarily on the citizen indirectly because these taxes are called Indirect taxes ". "These taxes will reduce the real value of citizens' entry and reduce their access to the services and goods they need on a regular basis because prices will rise and therefore there will be a large inflation in the market." The head of the Authority, Abbas Ali, said in a statement to the official Sabah newspaper earlier today that the body has prepared many measures to improve the methods of collecting the tax in addition to imposing new ones on some sectors that did not include last year, including a sales tax on goods traded in the Malls and large markets by 10 percent and the same on men's and women's shaving salons "indicating that" these two will be implemented after the approval of the budget and the approval of the House of Representatives on them. http://aynaliraqnews.com/index.php?aa=news&id22=92980
    0 replies | 43 view(s)
  • harry's Avatar
    02-18-2018, 10:05 AM
    Gulf states are backing back from providing substantial financial support to Iraq 2/18/2018 IFC estimated that Iraq alone needs at least $ 50 billion."This figure is not realistic unless oil prices remain relatively stable," said Christian Goose, deputy head of IMF's Middle East Monetary Department. Adding that "the funding gap is increasing significantly if oil prices fall."However, the results of the conference outweighed many dim forecasts. "This is an important reference to Iraq, through which Abbadi will go to the elections," said Elizabeth Dickinson, chief analyst for the Arabian Peninsula in the International Crisis Group. "This gives us something concrete to return to Baghdad and demonstrate the capacity to support and rebuild the country." Many foreign officials at the conference say contributions are expected to be much lower. In early December, some officials said it was difficult to reach the Iraqi government's original standard for raising $ 20 billion from international donors. "We were strongly encouraged to seriously reconsider this," a Western diplomat told AFP. The most pressing question is how Iraqis who expected to start a Marshall Plan when the international conference ends with loans and goodwill will explain, not many direct donations. In the end, the government pressed its goal of holding the assembly and renamed it a "donors" conference to the "reconstruction" conference. A large part of this draws attention to the expected shortage of pledged funds. Much of the fear is due to lack of confidence from countries such as Saudi Arabia and the United Arab Emirates. In the beginning, the Gulf states were supposed to shoulder much of the burden on Iraqi reconstruction efforts in exchange for a rear seat in military operations against Da'ash. But Saudi Arabia, the United Arab Emirates, Qatar and Kuwait all made $ 5 billion and were expected to do much more. Western diplomats worry about the possibility of billions sinking, as well as the apparent lack of Gulf spending and the financial crisis they are experiencing. The ongoing war in Yemen has reduced diplomatic and military power in Saudi Arabia and the UAE in particular, not to mention the drop in oil prices that has led to the discontent of Gulf governments. "I think many are waiting for the post-election period because they want to know who will lead the government first," a senior US official told AFP. However, the fact that any money comes at all is evidence of an improved Iraqi situation. "The Gulf states, especially Saudi Arabia, Kuwait and the United Arab Emirates, see Abadi as someone who can be dealt with," Dickinson of the International Crisis Group said. Security concerns remain largely a hindrance to donor and creditor accounts, as well as to private sector companies that had the lion's share of the conference. Although the Da'id organization has been completely defeated in Iraq, the risk of a perceived return is high for donors. http://aletejahtv.org/permalink/205729.html
    0 replies | 42 view(s)
  • harry's Avatar
    02-18-2018, 10:16 AM
    Monitoring sources: 3000 file corruption on officials "forbidden" to approach them! 2/18/2018 "Of the 6,000 cases of corrupt officials in previous and current governments, about 3,000 have not been completed," government sources said Sunday . The sources revealed that the government and parliamentary oversight bodies are subject to political pressure, which hampers its work and its ability to hold the corrupt accountable. In this context, the spokesman of the Supreme Judicial Council, Abdul Sattar Birqdar, acknowledged that the recent amnesty law allowed "corrupt" impunity. He stressed that "there are corrupt people have been convicted of judicial decisions and issued sentences of punishment against them according to the law, but they included the law of amnesty, which was legislated by the House of Representatives . "The Integrity Commission has uncovered hundreds of corruption files and issued arrest warrants against hundreds of officials for their involvement in corruption, misappropriation of public funds, making deals with local and foreign companies for commissions and mismanagement . "The head of the Integrity Commission Hassan al-Yasiri, announced at the annual conference of the body, the number of ministers and those in the rank of those who were issued orders for recruitment to investigate during the year 2017, 35 ministers, as well as 306 officials, adding that the funds seized more than 51 Billion dinars. " http://aletejahtv.org/permalink/205692.html
    0 replies | 40 view(s)
  • harry's Avatar
    02-18-2018, 09:45 AM
    Iraqi experience passes an international cycle of banking risks2/18/2018 In implementation of the agreement of the Union of Arab Banks and the Association of Private Banks Baghdad / Hussein Thogb The agreements concluded by Iraq in its public and private sectors have come to fruition and achieve the desired goals. Our human competencies are participating in the best regional courses and achieving success in moving Iraq to a new stage that harmonizes and great openness to the outside world and the international desires to work inside Iraq. 37 Iraqi trainees have completed a training course On the subject of banking specialized in the field of combating money laundering and the financing of terrorism, in implementation of what was agreed on the joint work between the Association of Iraqi private banks and the Union of Arab Banks to conduct training courses for the banking sector Iraq breached and outside, to develop human capacity. Deputy Executive Director of the Association of Iraqi Private Banks Ahmed Al Hashemi said: "The course aims to provide the employees of the Arab banking sector with the necessary culture, knowledge and expertise in the basics, principles and practical aspects of combating money laundering and financing of terrorism in accordance with international requirements for the application of international laws and regulations, The US Treasury Department, the United Nations and other relevant institutions. "With the increasing demand from the Iraqi banking sector, which has the culture of the basics and principles to combat money laundering and terrorist financing, Arab Banks in cooperation with the Beirut Arab University established «banker Diploma program specialist in the field of combating money laundering and terrorist financing, a program for the sixth batch of its kind to be studied in the framework of international standards. " Money Laundering "This program focuses on the practical aspect of the role of the reporting officer on money laundering and terrorist financing, as well as the necessary due diligence, sanctions monitoring and the study of the risks of anti-money laundering in the emerging industry sectors such as mobile financial services and electronic payments. The combination of theoretical and practical in this area, as well as studies analysis of the process. "Secretary General of the Union of Arab banks and Samam Fattouh among" promising Iraqi banks and can adopt the best international standards, and the world to begin cooperation with the banking sector And on the basis of the agreement between the Union and the Arab University of Beirut on the establishment of a program «Mini Masters Diploma» specialized in the field of combating money laundering and financing terrorism, the first program of its kind, which is taught in Arabic, organized this important session, "pointing to" New horizons to that said head of the Iraqi Association of private banks and Wadih Handal in his speech that was read on behalf of the "Ajtaazna this session , which is the first of its kind in Beirut, sponsored directly from the Iraqi Association of private banks and the Union of Arab Banks, will open ahead of us certainly new horizons in the fields of banking work , Which will enable us to assume important positions in the banking sector and financial transfer companies in the future based on the skills we have gained, and the theoretical and practical experiences we have obtained. " He said: "We celebrate the graduation of this distinguished session and we hope to continue cooperation between the Union of Arab Banks and the Association of Private Banks, in order to provide the banking sector with the latest arrival of the developed world." The graduation ceremony of the session was attended by the President of the Union of Arab Banks Mohammed Al-Jarrah Al-Sabah, and the issuance of a book on financial analyst Sameer Nusairi, which bore the title of the Central Bank of Iraq in the face of the challenges of the financial crisis for the years 2015-2017, and handed copies of the Union of Arab Banks. Primary functions returned Hashemi says he is "in order to encourage bank employees to participate in this program, the certificate will be calculated as hours of academic credits Credits according to the regulations of the university, as part of the Diploma money laundering launched by the Faculty of Business Administration at the Beirut Arab University, is also entrusted with the responsibility to develop the program Which is a scientific committee established by the Union of Arab Banks. Its members have considerable experience in the field of combating money laundering and the financing of terrorism through continuous and sophisticated knowledge and the main functions they occupy in the Arab banking sector . " He pointed out that "the target participants are the departments of combating financial crimes (money laundering and terrorist financing) in banks and financial institutions, compliance management staff, internal audit staff and risk management staff in banks." Financial Crimes The issue of money laundering and the financing of terrorism has become one of the most important threats to the stability of the financial and economic system in the world. It also threatens the security and sovereign stability of countries. The importance of the role of compliance managers and those responsible for reporting financial crimes in the Arab banking sector should be emphasized. Combating Money Laundering and Terrorist Financing through an examination of unusual operations, suspected operations, and diligence in tracing their background and following up on their source. http://www.alsabaah.iq/ArticleShow.aspx?ID=152986
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  • harry's Avatar
    02-18-2018, 09:47 AM
    A calendar view of the conference 2/18/2018 Now that the curtain on the Kuwait Reconstruction Conference after the Iraqi delegation has all the hopes of the Iraqis and their hopes in the reconstruction and building their country what happened? What are the results? In our previous column last week, which happened a day before the conference, we pointed out that the lesson is in the results and here I am looking at the results. The most prominent outcome of the conference is the view of the World Bank as Iraq that it is the ideal place for investment in the world is great .. although this real estate is aware of the distressed and the land all over the globe and the reason for the depth and magnitude of the requirements for reconstruction and construction. And is officially local with high-level and popular government delegations to the number of companies wishing to invest, as well as representatives from some sectors of the private sector. Media coverage was wide and large due to the size of the participation of many television channels, paper and electronic press and a wonderful coverage of the proceedings of the conference. Organizationally, the State of Kuwait has not limited its usual hospitality to the strict organization of the program of work, attention to delegations and other matters by providing logistic, security, technical and administrative requirements. The results revealed by the Amir of the State of Kuwait, the host country of the conference in his closing speech that he was able to raise 30 billion dollars and this amount accounted for 25 percent of Iraq's actual need for reconstruction, which was determined by the Ministry of Planning, of course. It is also clear that one billion dinars is the size of the grants and 29 billion are loans that are repayable after a period of time with their benefits. The most prominent question here is how these will be distributed. Loans between the provinces This is my account of the competence of money experts and the other important question is whether the conduct of the power of the government or the presentation of the results to the Parliament to obtain approval of the loans is a legal issue of the jurisdiction of the legislation. If we assume that the approval or consensus of these results, To make our suggestions about Of how the government is supposed to deal with prioritizing reconstruction. Right. Our conclusion is that there is a gap between the clarity of the goals. We hoped that Iraq would be rewarded with the size of its sacrifices in defending the values ​​of humanity and the future of the countries of the world, despite the problem of accepting and rejecting grants. http://www.alsabaah.iq/ArticleShow.aspx?ID=152987
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  • harry's Avatar
    Yesterday, 08:50 AM
    abinet announces key recommendations to ensure sound investment climate in Iraq 2/19/2018 BAGHDAD - The Cabinet on Monday approved key recommendations to ensure a sound investment climate in Iraq, to ​​be implemented in accordance with the law. The recommendations, according to a statement to the General Secretariat of the Council of Ministers received by "Iraq News" received the full life cycle investment, namely the strategic vision, attract investment, enter and establish investment, and encourage investment and expansion, and indirect links and effects. The main recommendations include the establishment of an operational system for special economic zones in Iraq, the formulation of the guidelines for the national investment policy statement, the empowerment of the economic reforms unit to provide technical support to the Higher Committee to implement the plan of action of the agreed investment reforms, and technical support to the proposed prime ministerial committee for investment projects To implement Basra's investment reform plan, review visa requirements and propose a plan of action to streamline visa procedures and establish a clear investor visa category. "The recommendations include setting measures to increase access to information and opportunities for private sector participation in government tenders, providing technical assistance and financing to the private sector to enable it to respond to government tenders, encouraging and facilitating corporate arrangements between Iraqi companies and their foreign counterparts and clearing financial arrears to the private sector http://aynaliraqnews.com/index.php?aa=news&id22=93007
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  • harry's Avatar
    02-18-2018, 10:11 AM
    Chihod: Kuwait conference contract to destroy Iraq and dumping debt 2/18/2018 The deputy speaker of the State of Law, led by Nuri al-Maliki, Mohammad Saadoun al-Chihoud, said Sunday that the Kuwait donors conference did not help Iraq, noting that "it was not held rather to help Iraq but to destroy it and drown it in debt. ""The major countries have abandoned Iraq again and abandoned it on several occasions, and this is conclusive evidence that the conspiracy against Iraq continues despite the failure of its chapters, which began to enter the rule through sectarianism and ending with the introduction of a terrorist," Chihud said in a statement. "Iraq has lost billions of dollars because of its war with terrorism on behalf of the world. The war has destroyed infrastructures and superstructures, and has delayed and delayed giant and big projects, as well as the wheel of development, reconstruction and construction. "He pointed out that "the Kuwait donors conference was not held rather to help Iraq, but to destroy Iraq and flood it with debt and therefore the outputs of the conference does not carry any meaning to help and construction and reconstruction, but to drain the wealth of Iraq and its people, pointing out that" Iraq needs 100 billion dollars as a grant to build and reconstruction of liberated areas As well as to complete the strategic projects in Iraq, and therefore the allocation of $ 30 billion in loans means the conference is free of its real content, "pointing out that this represents a huge blow to the economy of Iraq, which will continue to suffer dilution for many years. http://aletejahtv.org/permalink/205727.html
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  • tudor's Avatar
    Yesterday, 12:25 PM
    Happy Presidents Day! Hope you get to spend time with your families and friends. We have a beautiful 22* morning here! Perks ya right up lol. Have a great day!
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    Yesterday, 08:26 AM
    Good morning DS. I pray each of you has a wonderful Monday. Stay safe in whatever you do.
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  • harry's Avatar
    Yesterday, 08:22 AM
    good morning to all ds i pray that everyone will have a blessed day today and enjoy its.
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    02-18-2018, 09:31 AM
    good morning to all ds i pray that everyone will have a special blessed day today.
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    02-17-2018, 09:27 AM
    Good Morning all of DS have a Great Weekend!!!
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