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
    02-12-2018, 09:17 AM
    Parliamentary call to pass the budget by "majority" 2/12/2018 .. Liked parliamentary bloc of advocacy, Monday, passing the general budget for the year 2018 by a majority, without the presence of Kurdish blocs. The MP for the cluster Rasul Abu Hasna for "the eye of Iraq News," that "the Kurdish blocs is the main obstacle to the inclusion of the budget of 2018 on the agenda of the parliament, which fail every session," noting that "may pass the federal budget by majority if the Kurds continue to boycott sessions Parliament, and this majority is available. " Abu Hasna added that "the budget can not be kept without approval, especially as this has a lot of negative factors on the Iraqi economic situation, and this is the House of Representatives seeks to approve the budget quickly." It is noteworthy that the draft budget law is still stalled under the dome of Parliament, despite his arrival in the Council in late November, and revolves around major differences on them, which is the most prominent in the rights of oil producing provinces (petrodollar) and the Kurdistan region, as well as the reconstruction of liberated areas. http://aynaliraqnews.com/index.php?aa=news&id22=92575
    1 replies | 107 view(s)
  • harry's Avatar
    02-13-2018, 08:31 AM
    Jubouri for {morning}: are keen to approve the budget by consensus 2/13/2018 BAGHDAD / Al-Sabah / Shaima Rashid revealed the Speaker of the House of Representatives Salim al-Jubouri on Monday for the establishment of 100 lawsuits against the Parliament, noting that the federal budget for 2018, did not meet the constitutional and legal requirements, while pointing to the aspiration of Iraq to support and support friendly countries through active participation in the file re Stressed the need to activate all factors of stability in Kirkuk. He said Jubouri, in a press conference in response to a question for "morning": "Parliament is keen to pass the draft budget law in accordance with the consensus, but delayed because of the problems that accompanied and prevented the achievement of consensus," noting that "the budget bill will be on the agenda of future meetings and Guidance in a technical discussion with the Prime Minister, involving the presidency of the Council and the Finance Committee and representatives of the provinces. Jubouri pointed out that "the direction of Parliament at the moment is to cancel the retirement of employees in the budget of 2018," pointing out that "the revised budget did not include any of the amendments demanded by the political blocs." "Jubouri said that" Prime Minister Haider Abadi, showed flexibility in discussing amendments to the federal budget law, while revealed the establishment of 100 lawsuits against the House of Representatives during the current session. " He pointed out that the share of the Kurdistan region of the federal budget has not been resolved so far, "calling for" the allocation of 20 percent to cover the benefits of oil-producing provinces, " Jubouri said that" the budget delayed access to the House of Representatives 49 days from the constitutional date, "pointing That "the people of the liberated provinces are demanding the disbursement of loans and salaries accumulated, and the MPs of Kurdistan have made many observations on the budget of 2018." In another context, al-Jubouri said that the article concerning the person who proved corruption and included the amnesty should have been included in the paragraphs of the amendment of the election law, indicating that the presidency of parliament will discuss the matter with the Legal Committee to address it. The speaker thanked Kuwait for hosting the Iraq reconstruction conference, pointing out that "the House of Representatives has contributed through the heads of four committees at the Kuwait conference." "The water crisis requires our attention and the water committee has discussions now on the issue," he said. On the other hand, the Speaker of the House of Representatives, during his meeting with Belgian Ambassador to Iraq Hendrik van de Wild, discussed "bilateral relations between the two friendly countries and means of enhancing them to the benefit of both sides." He also reviewed the latest security and political developments in Iraq and the region, Liberated by terrorism. " "Iraq is looking forward to supporting and supporting the friendly countries through the active participation in the reconstruction file, which the Belgian government is expected to play a large role in, through investments and in all fields," Jubouri said. "Efforts are being made to restore normalcy in the liberated cities to ensure a speedy return of displaced families living in tragic conditions in the shelter camps," he said, stressing the importance of continued coordination of international efforts to combat terrorism, a threat to all without exception. For his part, the Belgian ambassador stressed "his country's keenness to support Iraq and at all levels." On the other hand, during a meeting with Sheikh Anwar Al-Assi, the Amir of the Abeed tribe in Iraq, the Speaker discussed the situation in the country, the reality of the liberated provinces, , And the provision of services and livelihood requirements for them. The meeting also dealt with the reality of Kirkuk security and the importance of providing a safe environment for citizens. He stressed the necessity of activating all factors of stability in Kirkuk, and the imposition of security and protection of symbols of society from the criminal elements, and attention to the liberated areas of the province in terms of service and improve their standard of living, "adding that" the safe environment is likely to give the opportunity to symbols tribes and community leaders to participate in Promote permanent stability and raise the level of trust between citizens and the state and achieve harmony and harmony between the components of society. http://www.alsabaah.iq/ArticleShow.aspx?ID=152699
    1 replies | 106 view(s)
  • 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 | 106 view(s)
  • harry's Avatar
    02-12-2018, 09:39 AM
    Abadi will receive a severe blow at the Kuwait conference 2/12/2018 The expected failure at the Kuwait conference will be a severe blow to Prime Minister Haider al-Abadi, whose political stance remains weak despite his defeat of a hawkish organization, The New York Times reported on Monday. "The expected failure of the Kuwait conference is a severe blow to Prime Minister Haider al-Abadi, whose political position remains weak despite his defeat of a hawkish organization," the paper said, on the sidelines of a visit by US Secretary of State Rex Tillerson. "While Abadi hopes to get $ 100 billion, his country was rewarded last week for commitments of $ 5 billion," he said. On the other hand, the newspaper considered the US Secretary of State's attempt to rally support for the reconstruction of Iraq is vital to prevent the return of the organization and calling for the reduction of Iran's growing influence in the country. http://www.skypressiq.net/2018/2/12/%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A-%D8%B3%D9%8A%D8%AA%D9%84%D9%82%D9%89-%D8%A7%D9%84%D8%B6%D8%B1%D8%A8%D8%A9-%D8%A7%D9%84%D9%82%D8%A7%D8%B3%D9%8A%D8%A9-%D9%81%D9%8A-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA
    0 replies | 100 view(s)
  • harry's Avatar
    02-13-2018, 08:50 AM
    Federal: Article (69) of the Central Bank Law does not violate the Constitution 2/13/2018 The Federal Supreme Court confirmed that Article (69) of the Central Bank Law No. (56) of 2004 does not violate the Constitution, while noting that the addition of legislative text is not within its jurisdiction. "The Federal Supreme Court held its session and considered the appeal against the unconstitutionality of Article (69) of the Central Bank Law No. (56) of 2004, which states that" the injured party or parties affected by a decision, order or procedure issued or By the Central Bank of Iraq to submit a written request to the court and seek to review the decision .. The application must be submitted within thirty days from the date of the issuance of the resolution or order ..)). "The plaintiff also asked in his lawsuit to enact a text that requires that the duration of the appeal begins after the decision is informed." He pointed out that "the Court found that the text of Article (69) of the Central Bank Law does not violate the Constitution as a legislative option similar to the Civil Procedure Law in relation to decisions issued in the area of ​​accelerated judiciary, and the request to add legislative text from the Federal Supreme Court outside its jurisdiction, And then decided to respond to the lawsuit for not based on the support of the Constitution. " this is article 69 of CBI Article 69: First: In the joint liability company, the partner may transferownership of his share of the capital to another partner. It isimpermissible to transfer ownership to outsiders without the unanimous 21approval of the general assembly. In all cases, this is done by amendingthe company's contract.Second: In the sole owner enterprise, the owner can transfer ownership toanother person by amending the company's statement. If it is to be transferred to more than one person, or if only a part of the ownership isto be transferred, this can be done only by changing the enterprise intoanother type of company, such as those stipulated in this law. https://www.mustaqila.com/%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D8%AF%D8%A9-69-%D9%85%D9%86-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85/
    0 replies | 95 view(s)
  • harry's Avatar
    02-13-2018, 08:36 AM
    From the heart of Kuwait 2/13/2018 Hussein al-Tamimi The donors conference with a large international participation reflects the international interest in bringing Iraq back to the international front after winning victories over the terrorist forces that threaten to turn the globe. The victorious Iraq is starting from the heart of Kuwait to tell the world that it can be one hand with effort And reconstructing what was ravaged by the forces of darkness over a period of three years, which represented the age of the struggle against terrorism, which imposed its control over some cities and caused devastation in man, construction and all life processes . The conference in Kuwait aims to open up good prospects for working in liberated and other areas and presents other horizons for investment and work in front of the specialized international companies listed on the international labor list. Here are the opportunities to stand up to the challenges as long as everyone is in one place Iraq with its public and private institutions and the world with its companies and governments . We are moving from Kuwait to work to change the shape of the new Iraq, which is working to develop all its productive economic and service sectors to achieve the well-being of the Iraqi family by improving its economy and providing basic services to the whole of Iraq. To the least important investments until reaching an acceptable level in this aspect, and to do so work in accordance with the plans of systematic annual, five and twenty follow-up by specialized committees that work does not affect the process of implementation Or stop it. The chances of building and building the list and the Iraqi market are promising, and this must be realized by the operators of the economic process, and here comes the role of simplifying procedures and creating an appropriate working environment that attracts companies participating in the conference donors and those who did not have opportunities to attend, and Iraq is already a kiss for the international effort Which we desperately need. The positive results that we hope for the donors conference must be accompanied by procedures that are very transparent when translated into projects in the liberated areas or in the investment operations that are taking place in the different cities of Iraq, and this orientation we touched before participating through government statements to form a committee to follow up the work of the conference and the results that will result about him. From the heart of Kuwait, the hopes for reconstruction and construction in the liberated areas and the implementation of investment projects in various cities and towns begin. http://www.alsabaah.iq/ArticleShow.aspx?ID=152692
    0 replies | 95 view(s)
  • harry's Avatar
    02-14-2018, 08:50 AM
    Tillerson: US will remain Iraq's closest ally 2/14/2018 Announced the signing of a memorandum of understanding worth $ 3 billion with the Ministry of Finance Kuwait / Morning follow-up US Secretary of State Rex Tillerson announced the signing of a memorandum of understanding worth $ 3 billion to support Iraq in a number of projects, stressing the support of the US administration to Prime Minister Haider Abadi in the fight against corruption and terrorism. "As President Trump said, we are committed to supporting the private sector in Iraq in the areas of import and export," Tillerson said in a speech at the Invest in Iraq conference in Kuwait. "A memorandum of understanding was signed between the US bank Exim and the Iraqi Ministry of Finance worth $ 3 billion American for a number of projects in the field of transport and other areas ». "US companies have signed a $ 2 billion agreement on electricity in Iraq," Tillerson said. "Another $ 350 million project will be launched, along with several new projects." Tillerson stressed that «the United States will remain the closest ally of Iraq, which has gone through important stages in its history and we support a stable Iraq», pointing at the end of his speech that «the US administration supports Abadi in the fight against corruption». http://www.alsabaah.iq/ArticleShow.aspx?ID=152788
    0 replies | 85 view(s)
  • harry's Avatar
    02-13-2018, 09:08 AM
    Iraq, which ended the world from a daunting looking for $ 88 billion Kuwait Conference 2/13/2018 (KUNA) - The "Invest in Iraq" conference, organized by Kuwait Chamber of Commerce and Industry (KCCI), was launched on 13 February 2018 as part of the activities of the Kuwait International Conference for the Reconstruction of Iraq. Media sources said Tuesday that "the opening session of the conference will address the environment conducive to the participation of the private sector in the reconstruction of Iraq, where will participate in Chairman of Kuwait Chamber of Commerce and Industry Ali Al-Ghanim, Chairman of the Iraqi National Investment Commission Sami Al-Araji and Iraqi Planning Minister Salman Al-Jumaili. The conference will discuss various issues such as investment environment in Iraq, reform program and reconstruction, as well as reviewing the opportunities of the private sector through presenting successful investment experiences, key investment opportunities in Iraq and the role of the International Finance Corporation in this regard. The conference will also look at key investment sectors in Iraq in the fields of oil and gas, transport, industries, real estate, economic zones, energy, agriculture, health and others. The Governor of the Central Bank of Iraq, Ali al-Alaq, discussed in a discussion session entitled "Financing Reconstruction" an overview of the framework of the overall Iraqi economy, especially on the banking sector and ways to support the private sector in order to achieve flexible peace. The conference will also discuss the forms of domestic and foreign funding, public and private sector partnerships, IFC's Iraq financing projects, as well as investment guarantees. The conference devoted a panel discussion entitled "One Window: Supporting Investors in Iraq," in which US Secretary of State Rex Talerson, Iraqi Prime Minister Haidar al-Abadi and Iraqi National Investment Commission Chairman Sami al-Araji participated. http://www.knoozmedia.com/311913/%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA-%D8%A7%D9%86%D8%B7%D9%84%D8%A7%D9%82-%D8%A7%D8%B9%D9%85%D8%A7%D9%84-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-%D9%81%D9%8A-%D8%A7/
    0 replies | 81 view(s)
  • harry's Avatar
    02-14-2018, 08:47 AM
    Parliament ends reading and discussing the budget law2/14/2018 Jubouri reveals a session of the three presidencies to discuss the vote on Baghdad / Sabah The House of Representatives in its regular session of the 12th, which was resumed under the chairmanship of Salim al-Jubouri, Speaker of the House of Representatives on Tuesday, read and discuss the report of the draft federal budget law for the year 2018. A statement by the Information Department of the Parliament, received by «morning» that «At the outset of the meeting Jubouri on the proposal of the Finance Committee to hold a meeting of heads of parliamentary blocs with the Finance Committee to discuss the vote on the federal budget for the year 2018» stressing «keenness to take the observations of the parliamentary blocs on The budget, announcing a contact with the President of the Republic for a meeting of the three presidencies to discuss the issue of voting on the budget ». The statement pointed out that «the Council has read the report and discuss the draft law of the federal budget of the Republic of Iraq for the fiscal year 2018 submitted by the Finance Committee». In his comments on the bill, MP Ammar Tohme presented the final accounts of the previous budgets, proposing to adopt the principle of voluntary saving by increasing the interest granted to reduce dependence on foreign loans. MP Hassan Khalati called for guaranteeing the rights of the oil-producing provinces, especially with a budget violation that did not explain the issue of allocation and distribution of 400 billion dinars, which was agreed to grant to the producing provinces, urging a recommendation to the government to encourage investment. He noted that the adoption of the budget sends a positive message to the international community, especially with the meeting held in Kuwait to support the reconstruction of Iraq, calling for an increase in financial allocations to the province of Karbala according to the percentage of population on the principle of (visitor - dollars). The deputy Ahmad Hama Secretary on behalf of the Kurdish blocs that the proportion of compensation of the staff of the province in the draft budget law has been reduced in a way to cover a large proportion of employees as the term provinces of Kurdistan is contrary to the Constitution as it suggests the unwillingness of the federal government to deal with the provincial government, The Bureau of Financial Control with the branches of the Office of the control in the provinces of the province is another violation, indicating that the proportion of 12.67 for the Kurdistan region is inaccurate because of other figures. The MP Salah al-Jubouri, the absence of the need to deduct the proportion of 3.8 employees and retirees, as well as the end of service bonus should be added to the budget items discussed with the Prime Minister on the liberated areas, including the payment of nominal salaries of employees after auditing the security and legal and transfer of powers to the provinces In accordance with Law 21 of 2008, in addition to granting loans to citizens whose homes have been demolished or damaged. And demanded MP High Nassif to address the Ministry of Planning to know the population ratios of the provinces of Kurdistan in order to ensure their share in the budget. MP Hassan Tauran urged not to neglect the strategic projects in the provinces, especially through Baghdad - Kirkuk. For his part, MP Al-Zamili expressed surprise at ignoring the demands of the security services because they do not comply with the security demands, suggesting that they be added to the surplus of oil imports and adding functional grades to the interior, defense and anti-terrorism apparatus. MP Arshad al-Salhi noted the existence of $ 46 million of the Kirkuk province's quota went to the Kurdistan Regional Government. MP Ahmed Jarba proposed an increase in the financial allocations to the liberated cities, especially Ninewa province because it is the second largest province after the capital Baghdad. MP Mohammad Naji called for opening investment opportunities in the sectors of agriculture and industry and addressing unemployment because the budget is free of grades. In turn warned MP Hanan al-Fatawi from the imposition of 10 percent tax on sales being burdensome citizen, as well as the importance of not deprive the employee's right to the premium and promotion. MP Ibrahim Bahr al-Uloum promised to reduce the fiscal deficit through loans a negative indicator of the budget law, pointing out the possibility of reducing the deficit by taking advantage of the difference in oil prices. He urged MP Fratt Tamimi to reconsider the scheduling of agricultural loans and stop the cumulative benefits for three years. And invited MP Awatif Nima to the distribution of imports of border ports to the provinces concerned in order to develop the reality of service and urban. The MP Hamid al-Khudari that the current budget as its previous non-scientific and undeveloped, demanding justice in the budget between the provinces and according to population ratios, calling for job creation and opening the door of investment. MP Abdel-Qahar al-Samarrai installed the owners of contracts and wages daily in the electricity and education and other service institutions in proportion to the population ratios in the provinces. MP Abdul Karim Abtan stressed the need to pay the end of service reward and higher rank to the Iraqi army personnel at retirement, calling for increasing the financial allocation for the reconstruction of cities that have been subjected to military operations in addition to areas belt Baghdad and Jorf al-Nasr. MP Ibtisam al-Hilali called for equalizing the salaries of the popular crowd with their counterparts in the interior and defense ministries, calling for increasing the allocations of the Ministry of Labor and Social Affairs and covering the industry sector with loans granted to Iraq. The MP Niazi Amaragoglu to the importance of providing financial allocations for the disbursement of compensation to the affected people in the district of Tuzhramato, based on the decisions of the House of Representatives after it was decided to resume the meeting until Thursday. http://www.alsabaah.iq/ArticleShow.aspx?ID=152783
    0 replies | 77 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 | 75 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 | 73 view(s)
  • harry's Avatar
    02-12-2018, 09:23 AM
    Central sells more than $ 193 million in currency auction 2/12/2018 The Central Bank of Iraq in the auction of foreign currency, Monday, more than 193 million dollars. "The amount sold today amounted to 193 million, 538 thousand and 160 dollars, at an exchange rate of 1182 dinars per dollar, with the participation of 40 banks and 8 companies for financial transfer." He pointed out that "the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar." http://aynaliraqnews.com/index.php?aa=news&id22=92573
    0 replies | 71 view(s)
  • harry's Avatar
    02-12-2018, 09:29 AM
    Call for Kuwait to extinguish the debt of Iraq 2/12/2018 A member of the Committee on Parliamentary Integrity, Abdul Karim Abtan, on Monday, the State of Kuwait to issue an Amiri resolution includes extinguishing the debts incurred by Iraq as a result of the invasion of the former regime, while criticized the numerical abundance in the donor conference, which began today . Abtan said in a press statement that "Kuwait, which hosts a conference of donors, should issue an Emiri decision to extinguish Iraq's debt and not invest in the remaining five billion dollars of debt . "Abtan added that "the large number of the present conference of Kuwait may contribute to give the Conference the desired fruit," pointing out that "the Iraqi government should go to the Conference of Kuwait paper Ammar concise and clear ." The Kuwait conference of donors for the reconstruction of Iraq began Monday with the participation of hundreds of countries and international and regional organizations, which will continue until Wednesday . http://www.ikhnews.com/index.php?page=article&id=164321
    0 replies | 62 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 | 56 view(s)
  • harry's Avatar
    02-12-2018, 08:31 AM
    The road to reform .. Improving the management of public funds 2/11/2018 Adnan al-Kinani The management of public funds is the fundamental objective of the desired economic reform, as it has a significant impact on the promotion of development in all economies of the States. In this context, the state budget is defined as one of the main economic instruments for allocating a large part of the nation's GDP and policy priorities through allocation of funds. In light of this, the basic operations of ministries and government bodies are determined in the context of the general budget. In general, the state budget is the structure on which government decision-making and accountability are based. It is an important instrument for promoting the growth of a market-based economy and long -term financial sustainability . There are major challenges that need to be addressed: 1. Improving transparency: how to deal with inadequate state budget transparency and lack of inclusiveness in planning more complex financial management, including the performance-based budget, Introduce reforms in the general budget in an institutional manner. 2 - Improving the transparency and comprehensiveness of the state budget in relation to the legal framework of the general budget system, accounting systems, classification and reporting, as well as spending outside the public budget, and coordinating the mechanisms of foreign and international aid spending with tax expenditure . 3. Improving the capacity in the areas of oversight of the House of Representatives to spend and use the budget planning for the purposes of program development and development beyond the task of accounting as well as planning the budget and economic planning to improve implementation and use of modern cash management systems for the management and inventory of assets and the management of government procurement. The proper use of previous and subsequent controls and the conversion of the state budget process into an electronic system to facilitate the delegation of funds management. The management of activities that have been assigned to others, and the administration of a public budget that will last for several years. 4 - Emphasize the need to link the state budget to national development goals and mechanisms of implementation, including tax expenditures, foreign aid and handling mechanisms asset inventories, and management of public resources forecasting and decision - making systems, which requires greater transparency in procurement systems, and improve parliamentary oversight of the budget process . Improving accountability requires combating corruption in terms of public budget resources and increasing the system's ability to self-control to build internal credibility in the mechanisms of public budget oversight and implementation, including tax and foreign aid expenditures. http://www.alsabaah.iq/ArticleShow.aspx?ID=152629
    0 replies | 55 view(s)
  • harry's Avatar
    02-12-2018, 09:14 AM
    Federal Court: The budget of 2017 has expired and can not be challenged with its materials 2/12/2018 The Federal Supreme Court announced on Monday that the general budget for the fiscal year 2017 has ended, stressing that the possibility of challenging the constitutionality in one of its texts. "The Supreme Federal Court held its session in the presence of all its members and considered a case set up by the Minister of Foreign Affairs, in addition to his job, the Speaker of the House of Representatives, in addition to his job to challenge the unconstitutionality of Article 32 / V / C) of the Federal Budget Act of 2017. He added that "the court confirmed that its terms of reference include the control of the constitutionality of laws and decisions and regulations in force." He pointed out that "the court responded to the lawsuit that the Financial Budget Law of 2017, has been implemented, and no longer in force on 1/1/2018, can not appeal its articles before the Federal Supreme Court at the present time because its competences provided for in paragraph (first) Article (93) of the Constitution limited to the consideration of appeals unconstitutional legislation in force. " http://aynaliraqnews.com/index.php?aa=news&id22=92561
    0 replies | 50 view(s)
  • harry's Avatar
    Today, 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 | 47 view(s)
  • harry's Avatar
    Today, 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 | 44 view(s)
  • harry's Avatar
    02-12-2018, 08:56 AM
    Parliament votes to amend the election law and ends reading 4 laws2/12/2018 The decrease in the budget deficit from 13 to 12.5 trillion dinars Baghdad / Omar Abdul Latif / Muhannad Abdul Wahab / Shaima Rashid The House voted in its 12th ordinary session held under the chairmanship of Salim al-Jubouri and the presence of 165 deputies on the second amendment law to the law of the elections of the House of Representatives No. 45 of 2013, which includes 20 percent of the members of the next parliament of holders of preparatory certificate or equivalent, while ending his regular session Eleven, which was resumed, on Sunday, read 4 laws. This comes at a time when the agenda of the vote on the second reading of the draft federal budget bill announced by the Speaker of the Parliament that the government sent last Thursday an amended version of the bill and was referred to the Finance Committee, and called on the Committee to study the revised version and include amendments in the report, Budget Law in order to complete its legislation. A technical session according to two statements of the media department of the House of Representatives, received by the "morning", Jubouri drew, at the beginning of the eleventh meeting to the need for a technical meeting with the Prime Minister to resolve the amendments and deliberation on the adoption of the federal budget to achieve the interest of all according to the requests submitted. The Council concluded the first reading of the Olympic Committee's proposed law, and completed the reading of a report and discussion of the proposed law on the prevention of firing of firearms on occasions. On the other hand, MP Haider Mawla reviewed the issue of water scarcity in Maysan province, calling on the parliament to move to find out the causes of the problem and find solutions to the crisis suffered by the citizens. He called on the executive authorities to carry out their duty through regional and international action. The proposal of the law of the Institute of Sports Management, and completed the reading of the report and discussion of the draft law to disengage the Department of the reform of events from the Ministry of Labor and Social Affairs and join the Ministry of Justice. On the other hand, stressed the President of the House of Representatives on the keenness of the Council on the adoption of legislation and the continuation of its oversight role at the end of the legislative session, pointing out the importance that some of the decisions adopted by the parliamentary blocs did not affect the endings reached by the Council on the vote on the important legislation, Who needs a comprehensive vision. He added that the presidency of the Council is working with the Finance Committee and the government to prepare a formula in the budget to meet the demands of all parties, pointing to the need to amend the provincial elections law not inconsistent with the date and the importance of resolving the article on the province Kirkuk, during this week, urging MPs to intensify attendance and seek to complete legislation. Jabouri pointed out that the Council has voted for deductions in salaries of employees in support of the popular mobilization and displaced and has been saved deductions in a safe form. Al-Jubouri, after looking at the financial statements, high oil prices and the return of the displaced, pointed out that the Finance Committee is keen to include in the draft budget an item that avoids the need to withhold the salaries of employees by 3.8, stressing the keenness of the House of Representatives not to affect the salaries of employees. To cancel the deductions from the salaries of employees in the current year's budget and to vote on a resolution on this matter. At the beginning of its 12th meeting, the Council voted on the proposed law of the second amendment to the law of elections of the Council of Representatives No. 45 of 2013 and submitted by the Legal Committee for the purpose of To amend the provisions governing the electoral process commensurate with the possibilities available to the Commission and to enable some segments of society to representation in the House of Representatives. Then decided to resume the session next Tuesday, 13/2/2018. 8, stressing the keenness of the House of Representatives strongly not to prejudice the salaries of employees. On its part, the Finance Committee announced its support for directing Jubouri to cancel deductions from the salaries of employees in the budget this year and to vote on a resolution on this matter. At the beginning of its 12th meeting, The second of the Law of Elections of the House of Representatives No. 45 of 2013 and submitted by the Legal Committee for the purpose of amending the provisions governing the electoral process commensurate with the possibilities available to the Commission and to enable some segments of society to representation in the House of Representatives. / 2018. 8, stressing the keenness of the House of Representatives strongly not to prejudice the salaries of employees. On its part, the Finance Committee announced its support for directing Jubouri to cancel deductions from the salaries of employees in the budget this year and to vote on a resolution on this matter. At the beginning of its 12th meeting, The second of the Law of Elections of the House of Representatives No. 45 of 2013 and submitted by the Legal Committee for the purpose of amending the provisions governing the electoral process commensurate with the possibilities available to the Commission and to enable some segments of society to representation in the House of Representatives. / 2018. Employee payroll deductions And on the abolition of deductions from the salaries of employees, said a member of the Finance Parliament, Magda Tamimi, in a press conference attended by "morning": "The financial committee in 2016 binding cuts due to the deterioration of oil prices and the entry of Dahesh, there are no allocations for the crowd and displaced, 2017 and 2018 was not the financial committee of the decision, but came from the government in general. "Tamimi added that" in the budget of 2018 we do not need to withhold from the salaries of employees and therefore agreed the Finance Committee unanimously to cancel the paragraph deductions, either compensation We have other proposals we will put in the budget to fill the shortfall "With regard to the amendment T. government on the budget bill, Tamimi explained, "the amendments received from the government on the budget, including the high budget revenues from 90 trillion to 91 trillion 643 billion dinars, and this increase is not from oil revenues, but from non-oil revenues," indicating that " The public expenditure of the state rose from 103.9 to 104.1 trillion dinars, and investment expenditures also rose from 24.4 trillion to 24.6 trillion dinars. "She added," has been added a new paragraph in the budget is the addition of allocations of 2 trillion dinars on reserve allocations Emergency, which was previously 192 billion dinars and now the government allowed the Council of Ministers to add an amount to emergency allocations will go to benefit in 3 paragraphs are the compensation of employees, including the region and investment expenditures and social protection network. "The member of the parliamentary finance that" there is an amendment to the allocations of oil-producing provinces , I added her to that Qat, the former and later will replace those provinces of the increase in liquidity due to high oil prices, and this will be adjusted in the sense of higher revenues, "noting that" the decrease in the light of the increase in revenues from 13 trillion is now 12.5 trillion dinars. "She pointed out that" Difficulties of passing the budget In the context, the MP for the Kurdistan Alliance, Majid Shankali, in an interview for "morning", "that the Kurdish blocs will accept only the implementation of their demands and that any passage of the budget without the Kurds will lead to the disruption of the Iraqi social fabric." He added that "the Kurdistan region is a genuine part of Iraq and must be treated away from political gains or electoral propaganda," pointing out that "previous agreements with the Prime Minister, including the formation of technical committee formed members of the Finance Committee of the Kurds to discuss with the technical committee did not bear fruit Concrete results ". http://www.alsabaah.iq/ArticleShow.aspx?ID=152637
    0 replies | 44 view(s)
  • harry's Avatar
    Today, 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 | 42 view(s)
  • harry's Avatar
    Today, 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 | 41 view(s)
  • harry's Avatar
    02-12-2018, 09:06 AM
    The judiciary appeals to the House of Representatives on the supervision of elections 2/12/2018 Amendment of the Prosecution Law Baghdad / Sabah The Supreme Judicial Council decided on Sunday to approach the House of Representatives regarding the role of the judiciary in supervising polling stations in the upcoming elections, and amending the law of public prosecution and judicial supervision. "The Supreme Judicial Council held its periodic session under the chairmanship of Judge Faik Zaidan and the presence of all its members. The Council decided to approach the House of Representatives to amend the law of public prosecution and judicial supervision," said Judge Abdul Sattar Birqdar, a spokesman for the Judicial Council. In accordance with the provisions of the Constitution and the unity of the components of the Supreme Judicial Council ». The spokesman added that «the members of the Council confirmed that the components of the Supreme Judicial Council one is indivisible under the provisions of the law and the Constitution». "The Council decided to approach the House of Representatives to clarify the role of the judiciary in the supervision of polling stations in the upcoming elections, and must be in accordance with the provisions of the laws in force for them." http://www.alsabaah.iq/ArticleShow.aspx?ID=152666
    0 replies | 39 view(s)
  • harry's Avatar
    Today, 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 | 37 view(s)
  • harry's Avatar
    Today, 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 | 35 view(s)
  • b1955's Avatar
    Today, 09:27 AM
    Good Morning all of DS have a Great Weekend!!!
    1187 replies | 73817 view(s)
  • Bondlady2's Avatar
    1187 replies | 73817 view(s)
  • harry's Avatar
    Today, 08:40 AM
    good morning to all ds i pray that everyone will have a blessed weekend and enjoy its
    1187 replies | 73817 view(s)
  • Bondlady2's Avatar
    1187 replies | 73817 view(s)
  • harry's Avatar
    Yesterday, 08:39 AM
    good morning to all ds i pray that everyone will have a special blessed day today.
    1187 replies | 73817 view(s)
  • ksdunlap's Avatar
    Yesterday, 07:11 AM
    ​Good morning DS. Enjoy a wonderful & blessed day/weekend. Be safe!
    1187 replies | 73817 view(s)
More Activity