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
    Today, 08:23 AM
    Oil Minister: Iraq needs a barrel price of $ 55-60 to pay financially 09/20/2017 Iraq needs oil prices ranging from $ 55-60 to self-sufficiency and better financial status, Oil Minister Jabbar Laibi said on Wednesday, pointing out that the country aims to develop oil industries. "Iraq is aiming to develop the oil industry through the national effort and with the participation of the world's solid investment," he said. He added that "the disadvantage", "The ministry is seeking to develop the oil and gas industry in Iraq through the strategic plans developed and working to implement them through the national effort or cooperation with companies to rehabilitate and develop oil fields produced in the country," as well as "conducting geological survey to detect reservoirs Oil and gas ". He continued, "the disadvantage", "The Ministry attaches great importance to the optimal investment of gas associated with oil operations and petrochemical industries and the upgrading of infrastructure." "Iraq is in a dialogue with producers inside and outside OPEC to find appropriate solutions to confront the oil supply gap and the challenges facing the oil market," he said. In his comment on the relationship between the federal government and the Kurdistan Regional Government, he stressed that "the door of dialogue is open with the region to discuss all the outstanding problems according to the principle that national wealth belongs to all Iraqis and that the preservation and development of it is the responsibility of everyone and we must put the national interest and preserve the national wealth above Every consideration ". http://www.skypressiq.net/2017/9/20/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%AD%D8%AA%D8%A7%D8%AC-%D9%84%D8%B3%D8%B9%D8%B1-%D8%A8%D8%B1%D9%85%D9%8A%D9%84-55-60-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%8A%D9%83%D8%AA%D9%81%D9%8A-%D9%85%D8%A7%D9%84%D9%8A%D8%A7
    0 replies | 33 view(s)
  • harry's Avatar
    Today, 08:00 AM
    Jaafari participates in the work of the UN General Assembly09/20/2017 arrived foreign minister, Ibrahim al - Jaafari, to New York, to attend the session of the 72 General Assembly of the United Nations, and to represent Iraq in a number of meetings held on the sidelines of the session. "Al-Jaafari arrived in New York to represent Iraq at the 72nd session of the UN General Assembly," a statement from the ministry said. "Jaafari is expected to meet with foreign ministers and officials from a number of countries in the world to discuss bilateral relations. , And to strengthen them, and mobilize efforts to continue to stand by Iraq, and contribute to the reconstruction of the infrastructure of Iraqi cities. " http://www.alsabaah.iq/ArticleShow.aspx?ID=144566
    0 replies | 30 view(s)
  • harry's Avatar
    Today, 07:56 AM
    Economic maturity09/20/2017 Economic Merit An important step that the Prime Minister presented to form the Higher Committee for Investment in Iraq under his chairmanship and the membership of a number of relevant ministries to consider the proposals and steps that can contribute to facilitate the completion of investment projects, especially the strategy, which many of them, "outstanding" has not benefited from them Neither the citizen nor the investor. We have preceded many countries in similar procedures such as Turkey, for example, where it has carried out two important steps that have a clear impact on attracting foreign investments. The first step was the establishment of the National Coordination Council to improve the environment Direct investment and development of policies that help to increase the competitiveness of domestic products. The second step was the establishment of the International Advisory Board, which includes the executive directors of the top twenty foreign companies in Turkey to attend a working day with the Turkish Prime Minister and the Minister of State of Economy to address the problems of investors and exit each time with a number of Recommendations. These measures have contributed to improving the investment environment and attracting foreign capital and from various countries until the investment in Turkey reached about 15 billion dollars a year, thus becoming one of the most attractive countries for foreign investments, although some believe that Turkey benefited greatly from the good situation it enjoys Political and security compared to other countries in the Middle East, especially with the change that has hit many of them, which was competing with Turkey to attract foreign capital, but its experience was successful. In order to benefit from the experiences of others and in the framework of enhancing the investment environment in Iraq, other steps must be taken to support the formation of the Higher Investment Committee. As well as the importance of dealing with cases of corruption that led to the withdrawal of foreign and domestic capital as well. In this context, it is necessary to review the evaluation of the efficiency and integrity of departments in investment bodies in general. I believe that the time has come for such bold and unpopular steps, especially as we finish the military page and move on to face the economic benefits that will be the decisive factor in evaluating the performance of the government and drawing the lines of our economic future . http://www.alsabaah.iq/ArticleShow.aspx?ID=144560
    0 replies | 33 view(s)
  • harry's Avatar
    Today, 07:51 AM
    Oil settles amid talk of shrinking supplies of the Middle East09/20/2017 Oil has stabilized largely on Tuesday despite OPEC and Saudi Arabia talking about cutting supplies in line with efforts to reduce market supply and boost prices. Price restraint has fueled US rock production growth and fears of a new hurricane in the Caribbean that could disrupt refineries and disrupt shipping routes to and from the United States. Global Brent crude was trading at $ 55.48 a barrel, unchanged from the last settlement. US WTI hit $ 50 a barrel, up nine cents from the last settlement price. Iraq's oil minister, Jabbar al-Luaibi, said on Tuesday that his country's production of crude was currently 4.32 million barrels, compared to about 4.5 million bpd in May and June. http://www.alsabaah.iq/ArticleShow.aspx?ID=144558
    0 replies | 28 view(s)
  • harry's Avatar
    Today, 07:48 AM
    Economist: Expanding the banking base reduces home-based compactness09/20/2017 The opening of the 24th branch of the Iraqi Trade Bank in one of the new commercial buildings (Mall of Babylon), "Dlala", the bank's efforts to provide the best services to customers, which urges citizens to deposit their money in banks and leave the habits of housekeeping. The bank branch was officially opened by representatives of the General Secretariat of the Council of Ministers, the Central Bank of Iraq and representatives of the Iraqi Trade Bank, along with the participation of representatives of the Association of Banks. The Director-General of the Iraqi Trade Bank Faisal Al-Hims said in a press statement: In turn, the economic analyst Rahim al-Shammari said in his statement to "morning" that "the opening of branches of banks, both in the capital Baghdad or other provinces, but shows the awareness of banking and keep pace with the work of international financial institutions in the acquisition of experiences and successful experiences." He added that "these steps are consistent with the government's intentions in support of the national economy The Iraqi Bank of Trade seeks to provide the best and widest banking services, to overcome the obstacles to the citizens and customers, as the branch will provide the" Babylon "service Jamar (the second branch in the capital Baghdad) to complete banking operations Without waiting, and the preference of the customer to give 0.5 percent on fixed deposit rates on the advertised prices, and also awarded the card Jamar, which gets discounts for some airlines, hotels, restaurants and get (two tickets for a quarter of theatrical performances and cinemas) Yeh that allow the holder to enter all the halls of honor at most international airports, in addition to other features, it will be the first government bank provides services on an ongoing basis and distinctive customers. Al-Shammari urged other banks to expand their banking base and increase the number of branches to facilitate the delivery of banking services to citizens, and to spread the culture and awareness of banking in Iraqi society, and urged citizens to deposit their money in banks and not hoarding in homes to keep them from accidents, thus entering the financial and economic cycle of the country and return Mutually beneficial. The Iraqi Trade Bank has 24 branches in Iraq and provides various banking services to all customers. It also strives to strengthen its banking services throughout Iraq, providing its services an important turning point in the field of banking to its customers from companies, individuals and government institutions. The size of its customers and the expansion of its business and activity in the market, and is a gateway to access to the outside world. http://www.alsabaah.iq/ArticleShow.aspx?ID=144556
    0 replies | 34 view(s)
  • harry's Avatar
    Today, 07:39 AM
    good morning to all ds i pray that everyone will have a blessed day today and enjoy its, TUDOR you got to spend time with your daughter i know she light up your days, we have had hurricanes , and earthquakes and fires where damage was done we aks special prayer for those that lost love ones and watch over the one that try to put their lives back togther and give thanks to the the all mighty GOD as he will take care of them.
    727 replies | 38034 view(s)
  • Bondlady2's Avatar
    727 replies | 38034 view(s)
  • ksdunlap's Avatar
    Today, 06:03 AM
    Happy Hump Day. AMEN Tudor, very well said .. “God please put your hands back on our nation for protection. Amen” !! Many prayers going up right now. I’m glad you got to spend time with your daughter. I will see some of my kids in a couple weeks. Bugs has a game close to where they live so we’re going to go stay the weekend with them. I pray everyone has a very blessed day. Stay safe & enjoy.
    727 replies | 38034 view(s)
  • tudor's Avatar
    Yesterday, 09:31 PM
    Good evening everyone. Our youngest daughter came for a visit Sunday and stayed til this afternoon. Sure was nice to have her here for a few days. Always sad when they leave. Had a great visit! Hope all is well with everyone. Praying for all the ones in harms way of hurricanes and earthquakes, sheesh. God please put your hands back on our nation for protection. Amen
    727 replies | 38034 view(s)
  • harry's Avatar
    Yesterday, 08:54 AM
    The United Nations refuses to hold a referendum on the secession of the Kurdistan region of Iraq 09/18/2017 The United Nations refuses to hold a referendum on the secession of the Kurdistan region of Iraq The United Nations announced its refusal to hold a referendum on the secession of the Kurdistan region of Iraq before the elimination of the gangs "da'ash" terrorist and the return of displaced people to the places of residence they were displaced. The Secretary-General of the United Nations, Stephane Dujarric, stressed that the Secretary-General does not support the holding of the referendum in Kurdistan at this time and before the elimination of "fully" appealed and the return of about two million displaced to their areas. The Secretary-General believes that this timing is frustrating to announce the holding of the referendum; Iraq is going through a difficult and critical stage, calling both Baghdad and Erbil to engage in constructive dialogue and effective at this time to resolve the outstanding issues between them. http://alghadeer.tv/news/detail/61109/
    0 replies | 58 view(s)
  • harry's Avatar
    Yesterday, 08:50 AM
    Iraq: Parliament votes in its meeting today to amend the law of the Electoral Commission 09/19/2017 Iraq: Parliament votes in its meeting today to amend the law of the Electoral Commission The House of Representatives holds its regular session on Tuesday to vote on a number of bills. The agenda of the session includes "the vote on the proposed law to amend the law of the High Commission for the Independent High Electoral Commission No. 11 of 2007, and presented the report of the work of the Committee of Experts to select the members of the Electoral Commission for elections, and vote on the proposed law of the second amendment to the law of the Independent High Electoral Commission No. 11 of 2007" . It also includes voting on the candidates of the investigative committee for the kidnapped, completing the vote on the draft amendment of the Third Law of Governorates not organized in the region No. 21 of 2008, and vote in principle on the proposed law to amend the law of elections of the Council of Representatives No. 45 of 2013. It also includes voting in principle to a proposed law amending the Personal Status Law No. 188 of 1959, and vote on the draft ratification by mutual encouragement and protection of investments agreement between the Government of the Republic of Iraq and the Government of the Islamic Iranian law of the Republic, and the vote on the draft law amending the Association of Accountants and Auditors Act. " And included in the The agenda is to vote on the wording of a decision on the subject of the third round and to improve the rate, and to vote on the form of a decision regarding the cancellation of the decision of the Ministry of Higher Education and Scientific Research, At their residence. http://alghadeer.tv/news/detail/61133/
    0 replies | 50 view(s)
  • harry's Avatar
    Yesterday, 08:45 AM
    Iraqi parliament extends the work of the Commission for one month and raise its meeting to next Monday 09/19/2017 Iraqi parliament extends the work of the Commission for one month and raise its meeting to next Monda A parliamentary source confirmed that the House of Representatives extended the work of the Electoral Commission one month, while noting that the Council raised its meeting to next Monday. The source said in a press statement on Tuesday: "The House of Representatives extended the work of the Electoral Commission for one month," noting that this came after the lack of a quorum for a secret vote on who supports judges as commissioners and those who support the report of the Committee of Experts. "He added:" The Council decided to adjourn Council to the next Monday, the twenty-fifth of this September. http://alghadeer.tv/news/detail/61145/
    0 replies | 33 view(s)
  • harry's Avatar
    Yesterday, 08:00 AM
    Economy Where to? 09/19/2017 The transition period is very important in the Iraqi economy and come in the new, which fits with the data available in a promising economy with its natural and human resources. Iraq is almost unique in order to be very important and calculated accounts in many of the most important economies of the world, which is the presence of 50 percent of the people aged between 19 and 19 years and this is calculated for the development doors, which must be accompanied by ambitious plans for short, medium and long -term. This young society has the human resource, which is the cornerstone for the launch of economic advancement in addition to the natural resources scattered across most of Iraq, which gives him the opportunity to be the eighth economic tiger in the world. We have an economy with these important characteristics, but the reality of the situation indicates a decline in growth due to lack of performance in all sectors of production and service. Here is the need to stand at this point and we look at how we work to start towards the activation of economic activity, which needs to experience improved performance and work to achieve real renaissance really, because we can not remain idle and the world around us achieve benefits after benefits may reach us to The inability to deal with our problems, especially as the labor force is supported annually by "one million" in return, there are no outlets to prevent them. It is not harmful to take advantage of the global experience and employ it to serve the Iraqi economy after the nationalization of it, and there are experiences from countries in the world can work to benefit from them to be a good aid to our economy, which suffers a decline in all its joints. It is time to move a moment and move towards development, and it is not bad to use the centers of economic development or effective planning centers internationally to be a good aid to us and complement our national expertise to work on building an effective productive economy that achieves a multiplicity of resources and supports the federal budget and achieve the surplus in abundance and abundance of wealth. It is not difficult if accompanied by strong will . We must start a new stage that can be called an economic revolution that stems from the national feeling to be a catalyst for hard work away from narrow personal benefits in the public and private sectors and to be serious about changing the shape of the national economy towards a better stage . http://www.alsabaah.iq/ArticleShow.aspx?ID=144499
    0 replies | 68 view(s)
  • harry's Avatar
    Yesterday, 07:55 AM
    Banking calendar attracts large foreign capital 09/19/2017 Financing represents the most important steps required to implement service and productivity projects and various aspects of the economy that await the optimal investment for its living and be an active contributor to the economic development process, which we look forward to overcome the first of the next period. Financial analyst Tawfiq al-Ani stressed that the reality requires the actual work to provide funding that drives the financial sector and projects and achieve development, which requires in turn to overcome the lack of confidence of the citizen banking system, stressing that it is not new, and the problems experienced by the banking sector was not the main reason, Negative effects on this sector, especially that the Iraqi citizen does not have the willingness to put his money in banks. He pointed out that this was because of the situation of the country confusing since decades, where continued wars to create a state of anxiety of the citizen made him lose confidence with the banking sector, and the banking problems and the bankruptcy of some banks to enhance the state of distrust. Interest rates. He added that the restoration of confidence needs to pass through several stages through the adoption of new mechanisms through the activation of electronic payment on a large scale in daily life, pointing to the need to raise rates of interest and work on the development of marketing systems in the domestic financial sector, and citizens must feel that his money safely After arriving at a convincing case that the bank is a real guarantor of its funds. Service Economy As for the financial analyst Abdul Hussain al-Hakim said: There is a collective duty and another individual to build confidence between the citizen and the financial sector, explaining that the first is the central bank and banks, either individual needs to the mechanisms of education on a large scale, indicating that the compactness, which amounts to 77 percent of the size "The local cash represents a loss for the Iraqi economy, where banks can attract 8 times the capital and employment in the service of the economy, as happens in the successful economies and here benefits the banks and citizens. Hakim pointed to the importance of the existence of communication between the financial sector and the citizen of the money, e NAC role of the Deposit Guarantee Corporation to build confidence between the parties, pointing out that banking transactions are now between banks and citizens need to expand its circle and here is the need to strengthen confidence. He pointed out that the non-invested cash mass is estimated at 77%, which can lead to growth in the same proportion in the national economy and contribute to the activation of credit and letters of guarantee, thus extending the credit "loans", indicating that the credit activity is now restricted. He pointed out that trust between the bank and the beneficiary raises the bank's financial solvency and this reflects a positive reality for the bank in front of international banks and entities. He stressed that the money that comes from abroad for investment purposes is also looking for guarantees, indicating that in all cases guarantees are working to attract funds to the investment sectors through banks and large numbers. He pointed out that attracting money to Iraq can be described as weak, despite the existence of international institutions that come with large investments in amounts that make a qualitative leap from these institutions Islamic Development Bank, but it comes on terms of the most important financial adequacy of local banks and the ability to attract deposits at specific rates. Workload He stressed that the progress of banking and raising the interaction with the citizen and the conversion of the mass of cash from homes to the financial sector contributes to attract large investments in excess of one billion dollars to the investment entity and these figures in any case pass through the banking sector and the role of increasing the volume of work linked to the financial space. Is a key pillar in achieving the personal and national benefit through the return it gets and contribute to building the national economy through the implementation of development projects that the economy and come back to the front depending on the money Almknzp. He said that the transfer of cash mass can be employed in the service of the national economy and enhance the spirit of citizenship more as it provides job opportunities and the emergence of residential complexes and the movement of all economic sectors and these are the most important benefits of the transfer of the bloc Almtzzaza to the banking sector. http://www.alsabaah.iq/ArticleShow.aspx?ID=144498
    0 replies | 54 view(s)
  • harry's Avatar
    Yesterday, 07:46 AM
    good morning to all ds i pray that everyone will have a blessed day we have.
    727 replies | 38034 view(s)
  • Bondlady2's Avatar
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  • ksdunlap's Avatar
    Yesterday, 05:51 AM
    Good morning family. I'm praying each of you enjoys a fantastic & blessed day!
    727 replies | 38034 view(s)
  • harry's Avatar
    09-18-2017, 07:54 AM
    good morning to all ds i pray that each one will receive a special blessing today and enjoy this day.
    727 replies | 38034 view(s)
  • Bondlady2's Avatar
    727 replies | 38034 view(s)
  • ksdunlap's Avatar
    09-18-2017, 05:54 AM
    Good morning everyone. I pray each of you enjoys a wonderful Monday. Many blessings & prayers for all.
    727 replies | 38034 view(s)
  • harry's Avatar
    09-17-2017, 08:30 AM
    Maliki's policy describes Kurdistan as "Israel again" and threatens: we will not allow it 09/17/2017 The vice president and leader of a coalition of state law, Nuri al-Maliki, on Sunday, said the Kurdish state in northern Iraq would be a "second Israel," stressing that they would not allow it. Maliki's speech came during a meeting with US Ambassador to Iraq Douglas Silliman, according to a statement by his office, which was seen by Shafak News."Maliki said, according to the statement," the need to cancel the referendum or postponed because it is unconstitutional and is not in the interest of the Iraqi people in general and not for the benefit of the Kurds in particular, "threatening" we will not allow the establishment of Israel again in northern Iraq. "He warned of "the serious repercussions that will result from this (referendum) on the security, sovereignty and unity of Iraq," calling for "follow the language of serious dialogue to resolve all problems in accordance with the Constitution voted by all. "Maliki called on the leaders of the region to "respect the desire of the Iraqi people rejecting the referendum as well as the positions of the international community, which came in line with popular and national aspirations. "Maliki, known for his close ties to Iran, headed the Iraqi government for eight years before the current session, as his relationship with Kurds and Sunni Arabs deteriorated because of accusations that he pursued sectarian politics and individual decisions. The region's leaders say they will press ahead with the referendum despite domestic and international demands to delay it and signal Baghdad using military force. The region says it is no longer possible to continue to partner with Baghdad as a result of Iraqi officials' lack of commitment to their promises and constitutional provisions, particularly with regard to settling disputes over areas of conflict. http://www.shafaaq.com/ar/Ar_NewsReader/0bb3d0de-7818-4516-8c49-7e89b4883319
    0 replies | 85 view(s)
  • harry's Avatar
    09-17-2017, 08:25 AM
    integrity economy challenges a judgment against a dollar manipulator 09/17/2017 The Integrity Commission said on Sunday that it had challenged the ruling issued against the director delegated to a private bank; to manipulate the auction of selling and buying foreign currency, indicating that the decision to impose a fine of a fine of seventy million dinars. The Commission explained in a statement to the twilight news that "the Investigations Department in the Commission, referring to the details of the appeal filed by the Chairman of the Integrity Commission in addition to his function, indicated the Commission's lack of conviction of the decision and asked to veto it. She added that "the evidence obtained from the facts of the case was sufficient to criminalize the accused to prove that they bought the dollar currency from the auction of the Central Bank and transfer them out of Iraq (300,698,000) million US dollars without the import of any goods or goods in exchange for them, and to confirm this statement by the legal representative of the Central Bank of Iraq, Financial control ". She added that "the Criminal Appeals Commission in the Court of Appeal of Baghdad - Rusafa Federal ratified the decision to criminalize," noting that "the punishment imposed is not commensurate with the penalty of the conviction, as well as it does not achieve the deterrence required, so decided the discriminatory body to revoke and return the file to the court; For the purpose of tightening them to the appropriate extent, and taking into account the amount of funds transferred abroad in violation of the law.It is worth mentioning that the Court of Misdemeanor Jurisdiction on the issues of integrity issued on 22/2/2017 a judgment in absentia against conviction, which requires a severe imprisonment for a period of one year with a fine of ten million dinars paid in the Fund in cash in accordance with the provisions of Article 19/4 of the Anti-Money Laundering Law No. 93 for the year 2004, and when not paid, she is held in a simple detention for six months. On 9/7/2017, the Court of Misdemeanor Misdemeanors decided to amend the absentee judgment on the conviction by fining it a sum of seventy million dinars in accordance with the provisions of article 3 / b of the Anti-Money Laundering Law No. 93 of 2004, and in case of non-payment of imprisonment for one year, 131, 133) of the Penal Code, after acceptance of the objection to the absentee judgment; for its occurrence within the legal period, which called on the Commission to appeal against the decision to impose the fine and demand its tightening. http://www.shafaaq.com/ar/Ar_NewsReader/d5583cea-a21f-4239-af32-076aa13292be
    0 replies | 97 view(s)
  • harry's Avatar
    09-17-2017, 08:18 AM
    Fayez: Economic Committee will reject the law of social security upon arrival to the House of Representatives 09/17/2017 A member of the Economic Committee MP Amer al-Fayez, the determination of his committee to reject the law of social security in full upon arrival to the House of Representatives. Al-Fayez said in a press statement that "the most negative of the negatives is that it cancels several laws, including the Unified Retirement Act, the University Service Act and the Military Service Act. The General Retirement Authority regulates the issuance of instructions, which is illegal, there is no decision to cancel important laws, . He stressed that "the instructions issued at any moment and can be changed at any moment, so the House of Representatives does not agree to this law unless there is a clear law and not just paragraphs." The Cabinet recently approved the draft social insurance law, where Prime Minister Haider Abadi said it would include the largest segment of citizens, including private sector workers and the families of martyrs who fought to support the terrorist. http://www.knoozmedia.com/257180/%D9%81%D8%A7%D9%8A%D8%B2-%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D8%B3%D8%AA%D8%B1%D9%81%D8%B6-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84/
    0 replies | 54 view(s)
  • harry's Avatar
    09-17-2017, 07:54 AM
    Finance: Budget 2018 secured the salaries of all employees and retirees 09/17/2017 The Ministry of Finance confirmed that the budget next year 2018 provides salaries of state employees and social protection and retirees and ration card and the maintenance of security, defense and health requirements. The Inspector General of the Ministry, Maher al-Bayati, said in an interview with «morning», that «the ministry took on the responsibility to provide the amounts allocated to salaries of employees and retirees and employees of state institutions in addition to the salaries of social protection and the requirements of security, defense and health». Al Bayati added that «Prime Minister Haider Abadi stressed, during his meeting with the advanced owners of the Ministry on the draft bill of the budget in 2018, the need for accurate review and to achieve more pressure on the operational expenses of the three presidencies and ministries and non-associated with the Ministry and the minimum to ensure the insurance of basic expenses, All employees in the state and retirees, as well as securing funds for the ration card and social protection and security and defense requirements ». Al-Bayati said that «the Prime Minister stressed during the meeting, the need to secure Iraq's international and national obligations and to pay the dues of loans and continue to secure the receivables of the contractors also focused on maximizing non-oil revenues through activating various activities and increase productivity and emphasis on activating the private sector so that he can perform his role to increase Production and revitalization of the economy ». On the supplementary budget for the current year 2017, al-Bayati pointed out that the House of Representatives voted after it was approved by the Council of Ministers and became effective after it was published in the Iraqi fact sheet. http://www.alsabaah.iq/ArticleShow.aspx?ID=144355
    0 replies | 60 view(s)
  • harry's Avatar
    09-17-2017, 07:51 AM
    600 units entered the country in the first half of 2017 09/17/2017 Transport continues the development work of the berths of ports Baghdad / Batul al-Hassani The Ministry of Transport revealed that the total number of marine units that entered the ports of the country during the first half of this year until the end of last month, exceeded 600 units loaded with various materials, confirming the continuation of the development works of the ports in the country, to expand the capacity of the load. The media spokesman for the General Company for Ports, in the ministry, Ammar al-Safi, a special statement to «morning», that specialized committees formed by the ministry and the company prepared a plan for the rehabilitation and development of berths of ports, to achieve an increase in absorptive capacity through the use of the latest methods and techniques adopted internationally In the development of ports, pointing out that it is witnessing a significant increase in the proportion of cargo operations and unloading of imported and exported goods, making them occupy the advanced rank among ports in the region. He added that the Ministry of Transport always aspires to overcome the difficulties, in front of investment companies operating in the joints of transport in order to develop this sector to serve the transport and trade within the country, and achieve the highest revenues of the State Treasury, especially as the company is continuing the process of digging deep in order to enter ships and ships with huge cargoes Was difficult to enter during the past period. Between the net, that all the berths of the ports of Umm Qasr al-Shamali and Khor al-Zubair, as well as the ports of Abu Flus and the stronghold of the number of 52 berths entered into work, to receive shipments with a double effort, indicating that the number of maritime units entering the ports during the first half of this year, Freely from various nationalities. He added that the load on these units exceeded three million tons of various foodstuffs, construction, health, animals, iron and fuel, pointing out that there is a significant increase in the tonnage and containers entering the country through ports, since January and until now. The Spokesman for the General Company for Ports said that there are constant operations for all port owners, in order to achieve the speed and accuracy required in the unloading and shipping operations on a daily basis without interruption, noting that the company is keen to promote the status of maritime transport in the country, to be the thresholds of developed countries in this area. http://www.alsabaah.iq/ArticleShow.aspx?ID=144344
    0 replies | 57 view(s)
  • harry's Avatar
    09-17-2017, 07:46 AM
    The central calls for new controls for the retail payment system09/17/2017 Confirmed the possibility of expanding electronic payment activities Baghdad / Mustafa Hashemi The Central Bank called on mobile phone companies to adopt the new regulations issued by them to work in accordance with the developments of the work of the retail payment system. The Central Bank announced the modernization of the rules of participation in the infrastructure of the retail payment system, stressing the need to adopt and work under it, at a time when he stressed the possibility of expanding the work of banks and financial transfer companies and mobile phone companies and the practice of any electronic payment activities in the event they wish to operate electronic payment system of funds No. 2 For the year 2014. The importance of the work of this system said economic researcher Lubna Al-Shammari: The Bank's call for banks and companies to work with updates of the new system and infrastructure comes through the pursuit of the development of the system of public payments in Iraq through the adoption of modern technology Which ensures that the service is delivered quickly and qualitatively far from the complexity of routine. Al-Shammari told al-Sabah that the central bank was keen to implement plans aimed at facilitating the transition to a market economy and liberating itself from the totalitarian regime, which has become totally incompatible with the requirements of the current stage. She pointed out that the Central had earlier announced its readiness to develop banking work through the announcement of the draft national division and invite foreign companies for the purpose of contracting with them and agree on its implementation. The academic economist d. Majid al-Baydani said earlier that "the work of advanced banking systems with the participation of mobile phone companies will allow citizens to transfer funds from their assets to any bank or branch or someone else, which saves time and cost and efforts as well as reduce the security risks of trading cash in large amounts When conducting business transactions. The Central Bank called about two years ago, wishing to banks and companies that have licenses to expand the work of banks and financial transfer companies and mobile phone companies and the practice of any electronic payment activities in the event they want to operate the system of electronic payment services, stressing that they must submit formal requests to practice these Service is a requirement to comply with the requirements of the system and provide all documents. As for the companies that do not have a license from the bank and want to work as an electronic payment service provider, a source at the bank stated at the time that a license must be obtained from the General Directorate of Banking and Credit Control of the Central Bank and comply with the requirements besides the importance of the capital of the service provider payment of 10 billion dinars, 3 years after the issuance of instructions. He pointed out that the fee of granting the license is 5 million dinars paid one time when granting the license, as well as providing a letter of guarantee of 15 percent of the capital is renewed annually, adjusted the ratio in light of the company's budget issued after the end of the fiscal year. The source added that the applicant must pay the fees to study the application to participate in the retail payment project and the national division and the two million and 500 thousand dinars are not refundable. http://www.alsabaah.iq/ArticleShow.aspx?ID=144333
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  • harry's Avatar
    09-17-2017, 07:29 AM
    good morning to all ds i pray that each and everyone will have a blessed day today and enjoy its
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  • harry's Avatar
    09-16-2017, 08:37 AM
    Maliki plans to issue a parliamentary resolution to pursue the funds of Barzani and the governor of Kirkuk 09/16/2017 A member of the Committee on Economy and Investment parliamentary Abdul Salam al-Maliki, Saturday, his intention to collect signatures to issue a resolution obliging the government to approach embassies and international banking bodies to recognize the money of the President of the Kurdistan region Massoud Barzani and provincial government President Nizrvan Barzani and Kirkuk Governor Necmettin Karim, and put a hand. Maliki said, "We intend to collect signatures in parliament today to submit to the presidency of the Council in order to issue a binding decision of the government and the Ministry of Foreign Affairs to pursue the funds of Massoud Barzani, Najran Barzani and Najmuddin Karim," noting that "the text of the resolution includes an official letter from the House of Representatives to the Ministry of Foreign Affairs to the embassies and international bodies Banking to inform Iraq about the funds of the three personalities in order to put a hand on it, "according to Alsumaria News. Maliki said that "the three personalities have large funds outside the country and these amounts represent tattered resources of the people for deals and smuggling of Iraqi oil from the province and the province of Kirkuk over the previous period," pointing out that "the draft resolution will include the central bank's demand to audit all remittances issued by Erbil And the follow-up of funds because of suspicions that some of them went to finance terrorist groups and order the country and the purchase of weapons of unknown origin and purpose. Maliki said that "the House of Representatives in front of legal obligation and moral responsibility to pass this resolution and vote to defend the rights of the Iraqi people in general and Kurdistan in particular," blaming all domestic and foreign banks "responsibility to deal with these three characters that have been imposed on Iraq and its people since 2005 until today. The Kurdistan region's relationship with the federal government is strained as a result of the determination of the Kurdistan region President Massoud Barzani, September 25, a date for the referendum of the citizens of the region on the separation from Iraq and the establishment of an independent Kurdish state, while this issue is categorically rejected by all the poles of the federal government, especially the international community, Iraqi decision to reject the referendum, and the removal of Kirkuk Governor Najmuddin Karim. https://www.non14.net/92745/
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  • harry's Avatar
    09-16-2017, 08:26 AM
    In an interview in Amman, the Association of Banks and the IMF discussed challenges facing the economy 09/16/2017 Baghdad / Al- Sabah discussed the Iraqi private banks association with the International Monetary Fund challenges facing Iraq 's economy during the current stage and ways the face of the economic crisis and the Convention to prepare the credit , which Iraq signed with the International Monetary Fund in 2015. The Executive Director of the Association of Iraqi private banks, Ali Tariq, in Press Release "A delegation from the Association of Private Banks met with the head of the mission of Iraq to the International Monetary Fund, Christian Jos in the Jordanian capital Amman. During the meeting, he discussed the challenges facing the Iraqi economy during the current stage and ways to face the economic crisis and agreement Stand - which Iraq signed with the International Monetary Fund in 2015 ". Tariq added that "during the meeting, put forward the vision of the Association of Iraqi private banks to make way for private banks to take their natural role to stimulate the economy of Iraq by allowing the government to deal with private banks with a view to restore confidence to the banking sector, " adding that " Including on the development of the banking sector in terms of compliance and compliance with international requirements, especially with regard to operations against money laundering and financing of terrorism and the Association in cooperation with the Central Bank in the training of 70 percent of employees in the banking sector of Iraq. On the other hand, the head of the mission of Iraq to the International Monetary Fund, Christian Jos, a summary of the economic situation in Iraq and talks with the government under the Convention on credit readiness . "The IMF looks forward to maximizing the non-oil resources of Iraq's economy by developing industry and agriculture, improving services and customs control, and revisiting its mechanism of action," the statement said. He added that "the organization of customs work will be an important resource for the Iraqi government in the next phase in the light of low oil prices," adding that "the International Monetary Fund is expected to be the price of a barrel of oil during the next five years at $ 50 per barrel." http://www.alsabaah.iq/ArticleShow.aspx?ID=144249
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