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
  • harry's Avatar
    Today, 07:46 AM
    New auction of treasury remittances next June 5/30/2017 0:00 Baghdad / Mustafa al - Hashemi regulates the central bank in the atheist and the month of June next public auction for the sale of treasury transfers for the annual 364 days, the Ministry of Finance within the domestic borrowing plan for the current year. The Central Bank, as a financial agent of the ministry manages auctions transfers based on the law of public debt, which authorized the Ministry of Finance issued treasury remittances are guaranteed by the government for the purposes of government funding to fill the temporary part of the deficit in the general budget for Iraq. The source said the "morning" that the value of Asdarih for these bonds amounting to 200 billion dinars, indicating that this auction will be the fifth of its kind within the Ministry of Finance plan to issue treasury transfers for the current year. It is hoped the full amount of the sale Asdarih to the beneficiary parties that will participate in the auction and retirement care circles and minors as well as a number of other banks. In the same context , the central bank announced the results of the auction of treasury transfers for the annual 364 days , which was held last Wednesday at $ 200 billion dinars emissivity. The statement said that the auction resulted in the sale of the full amount of Asdarih and the highest price cut competitive auctions 4 percent and the average yield of 4 percent to 6 participants also did not identify won 4 of them offers they have made. The Ministry of Finance plan to issue treasury transfers to internal borrowing in 2017 include the establishment of 11 public auction, two of them in the amount of 100 billion dinars and the remaining $ 200 billion dinars in order to fill the temporary deficit in the general budget. http://www.alsabaah.iq/ArticleShow.aspx?ID=138099
    0 replies | 0 view(s)
  • harry's Avatar
    Today, 07:41 AM
    good morning to all ds i pray that everyone will have a blessed day and enjoy its today
    348 replies | 14395 view(s)
  • ksdunlap's Avatar
    Today, 07:36 AM
    Good morning DS. I hope everyone had a wonderful weekend & that each of you remembered all of those who serve for us & all the fallen heroes. Tudor, I hate hearing Gretchen's paperwork was just sitting on someone's desk. I pray they'll get it pushed through quickly. Prayers for each & everyone of of DS family & their families. Enjoy a blessed & wonderful day.
    348 replies | 14395 view(s)
  • Bondlady2's Avatar
    348 replies | 14395 view(s)
  • cleopatra's Avatar
    Yesterday, 03:11 PM
    Happy Memorial Day! Hope everyone has a nice day!😊
    348 replies | 14395 view(s)
  • b1955's Avatar
    Yesterday, 10:42 AM
    Happy Memorial Day. Remember our fallen heroes.
    348 replies | 14395 view(s)
  • Bondlady2's Avatar
    Yesterday, 08:14 AM
    gm ds. Happy Memorial Day. Thanks to all who served and the ones still serving.
    348 replies | 14395 view(s)
  • harry's Avatar
    Yesterday, 07:28 AM
    good morning to all ds i pray that everyone will have a blessed day today and enjoy its i like to thanks all of our men and woman that have server our great nation today on this memorial day GOD BLESSED AMERICAN..
    348 replies | 14395 view(s)
  • harry's Avatar
    05-28-2017, 09:26 AM
    The role of banks in the development 5/27/2017 0:00 Ahmed al - Sumaidaie banking performance "financial sector" is one of the most important turning points for economic development in Iraq, and its association with investment capital to be attracted to the local labor field. The work requires the next overcome all the challenges that bedevil the advancement of productive and service sectors, through the activation of the role of banks in the development, because building a strong economy requires the establishment of a balanced and integrated economic development and promote the development of all aspects of production and service economy. Here we impose necessities optimal exploitation of human and material resources and in line with the requirements of sustainable development, and to begin the process of economic development needs real action by the public and private sectors towards the ultimate objective of the national economy service through the creation of an appropriate environment, which represent the most important elements of investment attraction. Development requires that we seek to start the development of the banking system in Iraq and is a very important thing, where development is difficult for the separation of banking services to complement each other, and banking products have an active role in establishing an attractive and conducive environment for domestic and foreign investor. The sector banks could play a fundamental role in terms of finding financing and investment in various economic sectors, and the consequent expansion of the market and its impact on both ends of the banking equation, along with savings and investment, and make them moving from the field of investment finance sponsor the development and modernization of the whole to create new dynamics of overall economic building productive sectors . The foreign investments are not served by the absence of sober banking sector, but looking for advanced services that facilitate the operations required by the movement of cash by streamlining lending, financing and conversion, especially as the investment companies is considering carefully the working environment, particularly the subject of banking performance and insurance are in Iraq , they require a review of the fact . Required to work towards the expansion of the banking network with global banks that are global confidence in the international banking sector, and banking cooperation cooperation mechanism requires moving away from dealing with banks that do not have well - rated in their countries and the world. We know very well that international companies have legal departments examine the mechanisms of the banks and its knowledge of money laundering and laundered and other financial crimes, which requires the development of the banking sector and adopt the mechanisms of advanced away from all these mistakes. http://www.alsabaah.iq/ArticleShow.aspx?ID=137865
    0 replies | 106 view(s)
  • harry's Avatar
    05-28-2017, 09:11 AM
    A parliamentary source reveals the names of MPs required to eliminate28 may 2017 Baghdad/Iraq News Network -parliamentary source revealed Sunday that "the Presidency of the Council of representatives has received a list of sixteen demanding elimination of their immunity for a lawsuit on charges of defamation and libel, and some of them are wanted on charges of wasting public money and terrorism. " and that "menu consists of 12 Shiite deputies, and four deputies of the year, some parliamentarians facing more lawsuits," pointing out that "House speaker Selim Jabouri, wanted lawmakers resolve with the judiciary, only showing immunity to the House yet. Eid Al-jibouri was "at the meeting revealed last Thursday, received 24 applications from SJC to lift the immunity of several MPs. Article (20/II) of the rules of procedure of the House of representatives on" inadmissibility of arresting the Member during the period of legislative chapter only if charged with a felony, with the consent of members by an absolute majority to lift his immunity or if caught in the Act a felony. "article (20/thaLatex allergy) on "inadmissibility of arresting a member outside the legislative term only if charged with a felony, with the consent of the speaker of the House of representatives to lift his immunity or if caught in flagrante delicto in the Commission of a felony, " parliamentary immunity, the end of last year, received 16 applications, pointing to one of these requests only meets legal requirements, likely a "political target" behind the request. "I will inform the required legal material contained in the submissions as well as notification of listed bdaro of judicial review to resolve the Council will file option after the end of the holiday to lift the immunity of which character wanted. " existing "insider source revealed that included both, Attorney Mohamed Al Taee under article (320) of the Penal Code relating to embezzlement, Mahmoud Messaoudi under article (430) concerning the threat, ultra Sheikh On and tightened, and Mohamed Al karboli, who face charges of libel and slander according to articles (433 and 434), as well as deputies demanded Wahid Diab, michaan, Hanan's PM. "and did not disclose the names of the 16 remaining deputies and no charges, but noted that" among the deputies there are required according to article 4 of the law on combating terrorism, and others in accordance with article (331) of the Penal Code concerning money laundering and wastePublic money ". And the number of cases brought against deputies 16 up to 24, some wanted more than a lawsuit and bury the head House on details of the report, prepared by the parliamentary immunity Committee five months ago, featuring a list of parliamentarians wanted to eradicate. in the same context, says parliamentary immunity Committee member Mahmoud Reza Amin, that "these old applications mostly misdemeanor cases and three crimes of terrorism", revealing the existence of a parliamentary decision "froze the work of the Committee three months ago because of the empty chair Attorney Abdul-Rahman will resort to Mosul battles. "and, in the House of representatives voted last August, on the recommendation of the Committee on parliamentary members to form a small Committee review and examine the files submitted by the Iraqi judiciary for waiving the immunity of deputies in preparation for their appearance before the Court. http://aliraqnews.com/%D9%85%D8%B5%D8%AF%D8%B1-%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86%D9%8A-%D9%8A%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D8%A7%D8%B3%D9%85%D8%A7%D8%A1-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D8%A7%D9%84%D9%85%D8%B7/
    0 replies | 82 view(s)
  • harry's Avatar
    05-28-2017, 09:04 AM
    Again: Maliki under the Iraqi Penal Code and chucked28 may 2017 Mahdi KassemThere is substance in the Iraqi Penal Code, particularly in matters relating to dereliction of duty or discreetly on a felony while on duty or the exercise of responsibility or hold high office. According to this article that the person who causes damage to physical or mental harm through neglect in his job or his discretion information prejudicial to the public interest, it is guilty of a misdemeanor, punishable by law. And within this context to Maliki told alsumaria a statement confirming the information with which to upgrade one of the officers found omissions and whoever is against gangs of satisfaction in Salahuddin province on 11 June 2014, the Dean of the military). And since the Maliki running today with deep regret distinguished position as Deputy President, he was supposed to take formal action in this regard from his post, as well as formal communication when the prosecution against this officer for his inaction and dereliction in duty and then caused by this failure, killing hundreds of Iraqis, as well as suspicions about the upgrade rather than punish him, which Maliki has committed the crime of neglect of duty uniform. The crime of criminal information discreetly had reported immediately after receiving them both in his official capacity as Vice President or as a citizen are also covered by this assignment. And since that Maliki didn't it have committed crimes and which to build can be prosecuted and convicted. And whatever it is that Nouri al-Maliki upon his statement he was now and again under the Iraqi Penal Code and throw. Say it again because it's the first time he had discreetly about terrorist activities to Tariq Hashimi when silence during assigned any Gibraltar Hashemi as Vice President and as well as from other within political bargaining to be.., It is only a matter of time for the process of prosecution and criminalization based on his statements and his statements just as well as many other evidence proving political crimes are countless. . Margin-related:(Library: Maliki did not mean General OxfamPress Office said to Maliki, Friday, that the latter did not mean Dean alrstmet military who caused the crime of Spyker. The Office said in a statement that he "responded in the interview conducted alsumaria with Vice President Nouri al-Maliki full on" other "media's angle Nabil Jassim and broadcast on Wednesday, the 24th May present, information about upgrading one of the officers found omissions and whoever is against gangs of satisfaction in Salahuddin province on 11 June 2014, the Dean of the military which led to access different reactions among some media". The Office said that "what was said in the interview wasn't intended Dean military in General Hamid Mahdi House alrstmih who post on 22 February 2014. Uncovered Vice President Nouri al-Maliki in his interview with "another corner," on Wednesday, a military Division Commander assumption caused crime Spyker Salahuddin province in 2014, the post's military college, accusing the then Conservative withdrawal in response to the directives of the political party he belongs. http://aliraqnews.com/%D9%85%D8%B1%D8%A9-%D8%A3%D8%AE%D8%B1%D9%89-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%83%D9%8A-%D8%AA%D8%AD%D8%AA-%D8%B7%D8%A7%D8%A6%D9%84%D8%A9-%D9%88%D9%85%D8%B1%D9%85%D9%89-%D9%82%D8%A7%D9%86%D9%88%D9%86/
    0 replies | 71 view(s)
  • harry's Avatar
    05-28-2017, 08:54 AM
    Oil production and its positive impact in the development of developing countries 5/28/2017 0:00 Ahmed stapes Iraq occupies a prominent status among the founding countries of the Organization of thePetroleum Exporting Countries (OPEC), which occupy second place after Saudi Arabia in the level of oil production has reached quantities of production to around 4.6 million barrels per day - before agreement (OPEC) last , which stipulates oil production and management of economically sustainable. Petroleum Exporting Countries agreed a consensus in January 2017 reduced total output by 1.2 million barrels per day from January 2017 to restore the balance between supply and demand, and then improve the price of oil, and Iraq agreed to cut production by about 200 thousand barrels per day to 4.35 million barrels per day . Energy experts are expected to turn Iraq into one of the largest countries in the oil and gas production, and is its importance and its future role on the regional and global level through access to oil and gas reserves, in addition to the occupation of Iraq , the world leading center of oil reserve stocks and gaseous, and indicate American sources related geological studies , the presence of huge amounts of oil reserves that have not been discovered so far in Iraq. Iraq has stressed the need to implement the plans for the production and development of fields during several meetings between representatives of the Ministry of Oil and investment companies, and most recently when presided over Iraq 's oil minister Jabbar Allaibi an expanded meeting with representatives of oil companies operating in the licensing rounds in the presence of the Department contracts and petroleum licenses and managers of the oil sector companies concerned, in addition to the joint departments of oil fields. The oil minister stressed the need to implement the commitment plans of production and development of oil fields. Announced various global companies plans production for subsequent years, including Shell Iraq Petroleum Development - oil crazy field operator, where the company signed a contract with Halliburton Company to develop the oil Majnoon field by drilling development wells and the execution of the rehabilitation of wells in 2018 and 2019 and within the framework of the contract will Halliburton global company moving three drilling rigs for the purpose of developing the field, and will work in close cooperation with the Basra oil company and the Ministry of oil. It was moving drilling platforms from various sites down to the crazy field for the purpose of starting drilling , which in turn will equip the company to continue to pay production plans and the development of one of the largest fields in the world. The Ministry of Oil has confirmed the permanent ambition to develop oil projects to reach high production rates that will meet the needs of the stage and the development of the financial revenues of Iraq, through the adoption of modern technology used for the drilling of oil wells and management of oil projects with professionalism and craftsmanship high. The importance of oil for producing countries through effective contribution to sustainable economic development through the availability of petroleum revenues to finance consumer goods and services, and of being a material that can be exploited in the construction of an industrial base as one of the necessary production of any other elements of industries. It shows the impact on the oil industry through its impact on the industry , which relies on crude oil and natural gas. Despite the decline in the contribution of manufacturing to GDP, but the nature of the industry in oil - exporting countries that are in the petrochemical and oil refineries and modern metal industries and fertilizer chemicals make it important industries major. Adopts the principle of sustainable development on multiple sources , both natural sources were directly, or production inputs and intermediates are available, in addition to qualified human cadres leading this development and achieve its sustainability, working to achieve sustainable development must be accompanied by the rationalization of consumption of natural resources, lack of depletion, as well as the need to find a balance between the current level of living , which has the region and aspires not to exaggerate the extravagance. http://www.alsabaah.iq/ArticleShow.aspx?ID=137928
    0 replies | 67 view(s)
  • harry's Avatar
    05-28-2017, 08:46 AM
    good morning to all ds i pray that everyone will have a special blessing day today and enjoy its blessing. dodgerboy ramadan holidays end june 27 its last almost a whole month
    348 replies | 14395 view(s)
  • Bondlady2's Avatar
    348 replies | 14395 view(s)
  • DodgerBoy's Avatar
    05-27-2017, 09:50 PM
    That is so frustrating Tudor about the paperwork for your daughter. Since my wife has had many physical issues over the years, the medical community is familiar to me. I have learned to ask for dates and deadlines and even hand carry documents to get action for her. I pray answers will come quickly and healing will be timely. I was talking to a dinar friend about our investment and he is feeling like us that it could come quickly. While he is not predicting anything, he said he it's interesting that many countries RV's come in the month of June I thought that was interesting. Personally I have a difficult time seeing them make this move during the celebration of Ramadan. I heard it started today, does anyone know how long it lasts?
    348 replies | 14395 view(s)
  • harry's Avatar
    05-27-2017, 08:00 AM
    good morning to all ds i pray that everyone will have a safe day and with this long weekend and enjoy the blessing in life, tudor some people get lost in their work set thing aside but they not know the problem they cause by doing that they need to work smart.
    348 replies | 14395 view(s)
  • tudor's Avatar
    05-26-2017, 10:06 PM
    Good evening everyone. Ksd, tell Bugs not to rush the healing. She needs to rebuild the strength she lost in her wrist while in the cast. It will get stronger and the pains will decrease. Give her a very soft ball that fits her hand to squeeze, it will help her rebuild the weak areas. Use it a few minutes at a time and gradually increase the pressure of the squeeze. Do this a few times a day. Harry, bless your heart for the love you show for your wife and all those needing prayers, your a special man. DodgerBoy, you also are special, and am glad your wife is home with you for now. Praying she will be healed before the Mayo clinic time. Daughter found out today she hasn't heard from the insurance company because the Cancer center failed to send them the request for the pet scan til today, after she called them to complain. I can't believe something so important would be just sitting on someone's desk collecting dust. Makes a person very angry. So now with the holiday weekend, she won't hear til next week. All's good though, she is in high spirits! Have a great holiday weekend everyone!
    348 replies | 14395 view(s)
  • harry's Avatar
    05-26-2017, 08:49 AM
    good morning to all ds i pray that that everyone will receive a special blessing today, dodgerboy special blessing for you and your wife to be at home with each other now and ask GOD to still watch over her can care for her and pray that going to mayo will help her in her recover and be with the doctor. that GOD will continue to bless her and you.
    348 replies | 14395 view(s)
  • Bondlady2's Avatar
    348 replies | 14395 view(s)
  • DodgerBoy's Avatar
    05-25-2017, 09:40 PM
    Thank you DS friends for your prayers for my wife. She is home and resting well. We have had several doc visits lately and will be going to Mayo in MN mid June to see more specialists to try and get some further answers to causes and future plans. You all are a blessing to us!
    348 replies | 14395 view(s)
  • harry's Avatar
    05-25-2017, 08:39 AM
    Rapporteur of the Parliament went to the end of the legislative term today 5/25/2017 0:28 Baghdad / Shaima Rashid is expected to end the House of Representatives legislative term on Thursday to go for a vacation scheduled. He said the decision of Parliament Niazi architecture Ihsanoglu said «parliament could turn to end its meetings and go to recess next Saturday, to be the parliament session for today is the last during this legislative term». In turn, MP Abbas al - Bayati said « the next chapter will be much more important than the last chapters, because it would be before the final at the end of the parliamentary session, and must be terminated important laws». Al - Bayati said in a statement »Sabah», that «Parliament may end the legislative term today, to begin the separation of a new legislative on the fourth of July, enabling the Council during this chapter to end a number of laws, while remained important laws pending, including the election of the provincial councils and the law of the law amnesty law and the election is proof that the consensus was stronger than the parliament sought to pass these laws. » He said al - Bayati , that « the last chapter saw a crowd vote on the law, and the law of the budget and vote on a number of laws that concern many segments of the Iraqi people». He added that the MP «next chapter will be of the most important chapters waiting for parliament to end the vote on the election commission and the legislation of the House of Representatives election law and the law of provincial councils», indicating that «interrogations and Alastdavat deported to the next chapter». For his part, ruled out a member of parliament, Majid Chenkali, said that «there is a lot of work in the next chapter , which will be based on electoral propaganda that started too early», saying »Sabah» that « the next legislative term will focus on a law which is the electoral law and the law of provincial councils It is possible to discuss the law of the Federal Court. » He noted the MP that « the next chapter will be the election campaign more than a citizen service and functioning of the regulatory laws», adding that «interrogations remain next season, especially that some of them were completed , despite the existence of political considerations, criticizing the work of the parliament , which he described as few interrogations and vote on laws and the absence of many of his deputies for meetings of the Council. » For its part, indicated MP, Sajida Mandarin, that « the chapter , which is expected to end today, he had ended his vote and debate on charges of citizen laws, most notably the budget law and the law of the integration of the Judicial Institute with the Supreme Judicial Council and other». The Mandarin, in the interview »Sabah»: The «There are important laws passed during this chapter of interest to people, and we hope to be voting on the rest of the laws during the next legislative term«, demanding «members of parliament to abide by the audience during the next quarter, to end those laws, the fact that many of the laws of parliament could not complete them or passed as a result of the lack of attendance or break quorum ». http://www.alsabaah.iq/ArticleShow.aspx?ID=137810
    0 replies | 120 view(s)
  • harry's Avatar
    05-25-2017, 08:34 AM
    Keywords: No conditions or external to the dictates of international loans 5/25/2017 0:28 Revealed «morning» on the transfer of dozens of money laundering files to eliminate BAGHDAD / Tariq al-Araji The Governor of the Central Bank on the Keywords that the bank is preparing to launch the second meal of Treasury bills by $ billion to banks Alaalmih.obinma confirmed the absence of any "conditions" or "dictates" on Iraq by the International Monetary Fund and the World Bank on the issue of loans, explained that the reserve currency hard "comfortable and reassuring , " according to the criteria Atah.kma stressed Iraq 's success in the transition to the rank of "observer member" according to the rankings of international financial dealings after he was threatened with years ago by placing it in the "black list" .sv Keywords in a dialogue with the "morning", for referral of dozens of special cases of money laundering and the financing of the Terrorism on the judiciary, and this dialogue text: * How is the stock of the Iraqi Central Bank of hard currency and what are the factors that help falling or rising? In the beginning must know what these reserves and how their composition and the factors that lead to the rise and fall because it is very necessary in the evaluation of the reserve sites at any time, and to find out the role of the central bank in this process, the foreign reserves in the bank by virtue of the Iraqi economic reality is directly linked to the basis of resources dollar derived from the export of oil, and the other hand , the demand for foreign currency derived from the market demand and the government sector and the process of reserve accumulation or generated , a process that take place outside the framework of the central bank, and the specific component basis for this process is the unilateral economy in For Iraq does not issue non - oil and there are no things possible to be generated or augmented foreign currency, besides the dollar remittances go from the inside out due to migration, displacement, study, treatment and other, so the focus on the central bank in this issue lacks precision, the Bank of the fact that not It creates supply or demand because the two components are controlled with two reserves outside the framework of the Central Bank. Cash reserve As for the reserves of hard currency. The bank and despite the decline in oil resources by up to 70 percent and thus lower dollar revenues by 70 percent, it managed to maintain reserves of foreign level acceptable currency within the international standards, as the basic criterion for the adequacy of the reserve is covered by currency local; the sense of how much we have dinar and the corresponding dollar, and is now to reserve the existing amount exceeds the amount of local currency in Iraqi dinars, and it is within the standard for the admissibility of this reserve, and Iraq is still within the IMF said International that Iraq 's reserves "comfortable and reassuring," the IMF by virtue of preparing the credit agreement is the process of calculating this reserve periodically, and another study of the fund presented according to his reading reserve from now to 2021, indicate that the reserve will remain acceptable and reassuring level. The reserve in the daily change and ranges between 47 billion and $ 49 billion higher than the level of the reserve for the year 2016, so the extent of the ability of this reserve that remains level acceptable depends largely on oil prices , which now undergoing a slight improvement which is better than in 2016 , so we do not feel concerned about this reserve within the existing indicators, which helps to maintain the reserve also reduce the demand for the dollar , which requires reducing consumer spending by the government, as well as reducing the deficit in the state budget, because there is an inverse relationship between the budget deficit The reserve, the more swarming G affected reserve, so we if we want to measure the level of decline in the reserve, we will see that asymptotic deficit , which was financed by the Central Bank, so we draw an invitation to the government and the House of Representatives and to all those who worry about foreign currency reserves , to say where that ( the matter in your hands and not in the hands of the bank Central) because whenever the budget were the biggest deficit there was a direct impact on the foreign currency reserves. Loans and Benefits * There are some politicians Ieibon Iraq to resort to international organizations to borrow to overcome its crisis, stressing that this matter Sakpl Iraq in the future? Iraq from contributing countries since the beginning of the International Monetary Fund and the World Bank, and repaid over all these years , annual subscriptions like other countries as a member of his rights in the IMF and the World Bank as any of the States that are exposed to financial difficulties or financial difficulty and have the right to get the facilities support, loans and other than can be submitted to the country, and therefore may be surprised sometimes by criticism directed to asylum Iraq for these organizations to obtain this support, and the fact that the right must take it in exchange for our contributions and the amounts paid to these parties, and the second issue is that the IMF is checker The international economies of the countries and indicators that are reflected in his reports on these very important countries for direct impact on the financial and economic relations with the countries of the world financial organizations, banks and international banks; therefore we must be careful harmony with what shown by these indicators or requirements, because they give the green light to the position of a proper state, thus obtaining facilities, grants and other financial transactions. Many people seem to think that there 's dictates and conditions of these organizations, and this is not true because the nature of the facilities and loans provided by the Bank and the Fund International , which take into account the financial situation of the country in terms of repayments, and interest rates are very low up to one and a half percent for many years, and with the decline in oil revenues and under conditions faced by the country of displaced military expenditures and many requirements linked to this side, no doubt will make Iraq needs external funding to meet the shortfall, the program is subject to finance Iraq this year and the next two years up to $ 15 billion, and even Iraq gets this funding, The International Monetary Fund is issuing reports on the commitment of the country 's financial, economic and monetary his plan, because it can not be the organization which is paid money from contributions by States to grant such money if there is a case of a financial breakdown of or the absence of control over expenditure and maximize revenue and is fully consistent with the reform plan presented by the government, which aims to reduce unnecessary expenses and increase other non - oil revenues. Some believe that the IMF has been pushing for affecting the expenses pertaining to the community and this is not true, but on the contrary, the IMF proves reservation if the social expenses such as health, education and social protection network and the ration card and other social and necessary expenses not spend allocated public budget State on these areas, and many aspects of the economic and financial reform of the Fund in line with the government 's reform plan, the next term will see the launch of loans and aid to larger and in accordance with the second revision now taking place in Washington and completed the end of this month in Amman, The fund was a positive report will give the green light to new batches released soon. Treasury bills * Does Iraq will present the second meal of the treasury banks , international banks , bonds and the amount of the amount of such bonds? Bonds that were guaranteed by the US government raised and sold by $ billion, this guarantee has helped to reduce the interest rate to about 2 percent , or a little over that, Iraq has the intention of offering another billion and this was the goal from the beginning, according to the budget law that raises two billion dollars , In order not to be interest high cost guaranteed US US billion dollars to be a billion other interest - bearing market combines with other interest, so that the average of two billion up to five percent , and this helped the rate cut and now work is underway on the configuration to put these bonds to international banks. Money laundering * has embarked on since the assumption of your office to activate the Anti - Money Laundering Office and the financing of terrorism is achieved by this office to now? The fight against money laundering and the financing of terrorism , the Office granted special attention and provided the resources and independent budget and financial and administrative independence, and the office a long time needs to build its capacity to exercise its role, but within the last term he was able to accomplish many of the aspects required by the process both by issuing regulations, regulations and legislation, for the first time in the history of Iraq has been issuing regulations for each segment of the slides starting from stockbrokers and gold traders, accountants, lawyers, lawyers, insurance companies, banks and all sectors related to the subject of money laundering because it is a multi - rings must be integrated with each other to give Allant C required, and in this aspect has been completed Anti - Money Laundering Law No. 39 of 2015, the latest laws and responds to all international testing requirements have been direct coordination with these organizations and in the light of which all have been issuing regulations and regulations on this side of the legislative or legal. In the practical side; it has about the central bank anti - money laundering law to the rules of executive process within the banks, which are the cornerstone of this framework, and for the first time happens that the central bank committed banks by developing units to combat money laundering in each bank units and risk management units for the management of compliance was actually formed in all banks and with the support of the Central Bank for the training and rehabilitation of cadres concerned, for the first time is also the base principle of "know Your Customer" in the banks , which represent the cornerstone of knowledge of sources of funds and to detect any suspicious operations by comparing the company through the application of Funds that deal or deposited in banks and between real activity and the nature of its work, and will be followed up and monitor this principle carefully now by examining the forms in the banks by the Central Bank, and any suspicions regarding this matter shall be referred to the judiciary committees or relevant sanctions Bank Central. The fight against money laundering and the financing of terrorism office - in the former is the first of its kind in Iraq - it has become a producer of issues bearing suspicions of money laundering and referred to the judiciary, and there are dozens of cases have been referred last term on the judiciary and the Department of which the provisions were issued and the Department is still in the courts, and included various people, legal nature requires "confidential" work of this office, and that access issues are not published or because the nature of "very secret" in this context, and even the office has its specificity and independent place, the central bank does not have access to the details of the issues, and the success of the office indicators that monitor by an international organization concerned with this the He passed the International Labor Organization , which monitors states and the extent of its commitment to the terms of the organization and rules of anti - money laundering. Black list and when we received the responsibility of the Central Bank of Iraq was about to be placed in the "black list" This was a great danger of the country 's vulnerability to the international ban on financial transactions, and follow - up to the International Labor Organization of the measures that we have undertaken within the framework of the Central Bank and the Office of the Anti - Money Laundering and abide by the rules and regulations required applications, we were able to remove Iraq even from the "gray area" and we came now to "follow - up area", if passed this stage we become a full commitment and there is no problem, and now the follow - up process taking place normally, and reports the organization points to progress Great commitment to winning Iraq 's requirements, rules and standards that have been developed in this framework. The theme of the fight against money laundering requires concerted multilateral efforts, central bank and banks are a ring of these rings, so was to establish "anti - money laundering and the financing of terrorism , the Council" which is stated in Law No. 39, which includes all stakeholders in this matter and its meetings are continuing to coordinate efforts in this framework between the security and intelligence, regulatory and judicial authorities and the ministries concerned, and that the Council is important and is now working on a national strategy to combat money laundering and the financing of terrorism , will be the first in the history of Iraq, and that it needs a long time to prepare all episodes related to it because the issue of gas Yale money goes through various stages, and therefore must abide by all these loops rules and regulations, and began these workshops provide documents and reports from various slides and all money transfer from stage to stage operations. Refund * What steps Iraq to recover the money smuggled the dictatorial regime and the money that fled after 2003? There are two circles responsible are the basis for the recovery of Iraq 's money process , whether related to the system of the former or after 2003, and specializes in the Ministry of Finance next to recover funds smuggled the former regime, while concerned with integrity money smuggled body after the 2003 corruption and others, this effort is still modest and needs a lot of work, the foundation of which must be from which this work is to provide the framework of a judicial legal cooperation between Iraq and other countries, Without an agreement for this cooperation is difficult to get information or prosecution of money, and secondly must provide complete documentation and conditions recovery files to be submitted to For other countries, as it is not just enough to simply request information or inform, because the file must be integrated, and frankly, this effort is long overdue and remains modest and needs a lot of coordination and provide the legal framework and the signing of agreements with other private countries that are suspected or which can be the money back to Iraq. http://www.alsabaah.iq/ArticleShow.aspx?ID=137802
    0 replies | 141 view(s)
  • harry's Avatar
    05-25-2017, 08:13 AM
    Parliament supports the use of European expertise to revitalize the Iraqi economy 5/25/2017 0:28 BAGHDAD / Shaima Rashid ruled out parliamentary parties offering Iraq a dangerous economic crisis, while supported the use of experts and consultants to assist in the revitalization of theeconomic situation. At a time when it confirmed that the country has great resources that can get out of any crisis in the event of an economic system to work well. Remedy the situation Member of Parliament MP Najiba Najib Economic Commission, showed that « the financial situation is under control , despite the increasing debt, which is a negative condition, but Iraq was not up to a tragic situation and can remedy the situation». Said Najib »Sabah»: The «financial situation is still difficult, but if oil prices continued to climb, the government will be able to pay off the accumulated by debt since the former regime», indicating that « the government needs to finance radical reforms to enable them to save money , as well as the importance of seeking to maximize revenues were poor oil or non - oil to deal with a lot of economic problems ». She added that « the International Monetary Fund is following each financial step of the federal government .. It is important», noting that « the atmosphere of austerity is still present despite exceeding the country 's suffocating crisis experienced in the past, and the government is developing measures to get out of the financial situation current to safety ». As part of the online, indicated a member of the Foreign Relations Committee, MP Iqbal Abdul Hussein that «Iraq with many resources of a country and can repay its loans if it could benefit from its resources optimally», indicating »that Iraq 's budget in previous years amounted to figures fictional». Said Abdul Hussein »Sabah»: The «Iraq 's debt is divided between the debts of previous debts of the dictatorial regime of Kuwait, in addition to the debt came as a result of borrowing from the IMF to meet the budget and other loans , both from Britain, America and Japan deficit.» She said « the government alone can not do anything, and on the citizen to have a role in it, and here comes the awareness of the citizen in order to understand the circumstances in the country 's role», hoping that turning to other ways to fill the budget deficit away from borrowing, including to benefit from the many real estate owned by the state through its investment, as well as benefit from the border crossing points and other resources. Future economic plans , in turn, between a member of parliament from the Parliamentary Committee on Energy MP Zaher al - Abadi said « the government in control of the financial situation of the country with the stability of the current oil prices», calling for the development for the advancement of the country 's future economic plans. The MP said Abadi »Sabah»: The «financial situation is arranged according to the financial resources of the country .. It is dependent on oil as a resource one, this resource is now suffering from low prices to the global market, thus led to the trend of borrowing, as well as an additional pull inventories Central, as well as the rising cost of the war against gangs »Daesh» terrorist, and all these things have led to reduced imports of Iraq », noting that« the government policy of past austerity despite its impact on the situation of social citizen. » He added that «Iraq today needs to borrow, to promote Baktaath, and therefore the government should seek to work according to a foreign policy that cancels out the accumulation of debt», indicating that «Iraq needs to implement an economic plan and a number of laws away from the routine, and work to encourage investment». The use of international experts in the meantime, supported the parliamentary committees, Iraq 's request to send advisers from European countries to help stimulate the Iraqi economy , which suffers from problems and Atralat during the previous years, stressing that the same experiences of these countries can benefit from the transfer of expertise to Iraq. The Prime Minister Haider al - Abadi said the government had asked some major European countries send advisers to stimulate the Iraqi economy. Ebadi said during the conference weekly: that « the Iraqi government approached both from Germany, France and Italy to send consultants to stimulate the Iraqi economy», adding that «Iraq should benefit from European expertise in the field of advanced economy , which is our ambition to provide a solid banking system and rely more on the sector Special to provide goods for citizens at appropriate ». Member of the parliamentary economic committee MP Jawad al - Bolani, stressed the importance of the prime minister 's initiative with the help of European advisers. Bolani said in a statement to «morning»: The «consultation is important and experience required in the changes taking place in Iraq, especially at this critical stage, especially after the financial crisis that occurred as a result of lower oil prices«, alluding to »potential to benefit Iraq from the strategic agreement signed with the Americans and invest in health, education, industry and others. » The optimistic MP the future of the country after the elimination of gangs «Daesh» terrorist completely, stressing « the importance of keeping up with the development of the countries of the world in economic and financial areas, and consultation does not mean the cancellation of the Iraqi experience, many of which the state depend on it heavily, but it is important to listen to the views and suggestions of international bodies have experience in the development of the economy. » Returns a positive turn, said a member of the Economic Committee MP Harith Al Harthy »Sabah»: The «use of European expertise is important for the public interest of the country», adding that «Parliament supports the prime minister put forward in this regard». Also supported the Finance Committee member Jabbar Abdul - Khaliq al - Abadi, the proposal of the Prime Minister requested the use of experts from European countries to promote the Iraqi economy, saying »Sabah»: that «the same experience of countries and Iraq can benefit from them because of their positive returns and reduce the error rate, because the owner experience over the same experience. » He added that «Iraq does not have the money and time to fight the failed experiments, so the transfer of successful experiences of countries with the economic aspect, has the importance of Iraq out of its crisis». He added that « the Iraqi economy has suffered from many of the problems and the lack of stability , especially in previous years .. and the use of European experiences could put a picture of Iraq 's economic future». Development of free economy to either of the Foreign Relations Committee member Abbas al - Bayati, he said in his statement »Sabah» that « the use of third - party European idea of a good project, bringing expertise to Iraqi institutions provide counseling without interfering with the details». He added that «Iraq needs the use of international expertise which is not new , neither in Iraq nor outside, where the experiences are bought and sold in many countries, and that Iraq seeks to it being one of the advanced countries went through economic and financial crises after World War», noting that »this cooperation falls within the international and European cooperation with Iraq. » He continued »The cooperation with these countries will allow the development of the Iraqi economy to a free economy, because Iraq does not have this economy today only slogans». He continued »These advisers will work to provide expertise in the field of restructuring of the economy and how to focus on certain laws and the transfer of experiences and holding workshops and training staff, as well as the elimination of slack and dealing with inflation», noting that these countries with accumulated experiences Iraqis can benefit from them. And between al - Bayati , «that Iraq is a rentier economy depends on the sale of oil, and can diversify its sources by taking advantage of the experiences of other countries». http://www.alsabaah.iq/ArticleShow.aspx?ID=137800
    0 replies | 84 view(s)
  • harry's Avatar
    05-25-2017, 08:04 AM
    Economic analyst calls to determine the prices of goods on the market 5/24/2017 0:00 Baghdad / Farah pumice The Ministry of Planning announced that the low inflation base rate during the month of April by 0.2 percent, while the inflation index for the same month rose by 0.6 percent. At the same time he urged economic analyst Rahim Al Shammari in his statement to the "morning" on more market by the authorities concerned control, to reduce the incidence of price hikes that lead to get inflation, thereby negatively affecting Iraqi consumers. According to a ministry statement received "morning , " a copy of it, that " the Central Bureau of Statistics ( NBS ) completed report indices of consumer prices for the month of April 2017 the adoption of the 2012 - year basis for the calculation instead of the year 2007 being the year that saw the implementation of social and economic survey of households in Iraq, especially as the year represented changes in the standard of living of the family and the structure of domestic consumer spending and the economic situation in the country by about a year. " He explained to the ministry 's official spokesman Abdul Zahra al - Hindawi said "high annual inflation rate was the result of higher prices of food department and non - alcoholic beverages by 0.6 percent, higher tobacco section prices by 6 percent, rising housing department by 2.5 percent." He pointed out that the index of consumer prices reached during the month of April , 105.1 percent , reflecting the general level of prices rising at a rate of 5.1 percent compared with 2012, "revealing that" the rate of inflation mainly witnessed a decline during the last April by 0.2 percent, and increased the same percentage as compared to April 2016 ". also said the survey prices for the month of April included for the first time Salah al - Din province, while not coverage of the provinces of Anbar and Nineveh because of the circumstances in it. so he saw Shammari said the reduction of high commodity and food prices lies in determining the prices in the Iraqi market for the product local and imported, by forming Specialized committees of the public and private sectors, to assess market conditions in the country. http://www.alsabaah.iq/ArticleShow.aspx?ID=137696
    0 replies | 130 view(s)
  • harry's Avatar
    05-25-2017, 08:00 AM
    Iraq and the United Arab Emirates Atdarsan ways of economic cooperation 5/25/2017 0:00 Baghdad / Al- Sabah , Minister of Industry and Minerals Agency Engineer Mohamed Xiaa Sudanese urged to increase banking cooperation between Iraq and the UAE and ways to take advantage of the large banking expertise to the UAE .ostard areas of cooperation in the banking field between the two countries and the problems related to this field for Iraqi businessmen and other matters and related topics, pointing out that the notes will be installed a set in the light of the discussions that took place and included in the minutes for the purpose of official correspondence and requirements in order to prepare maturation, indicating that this trend needs to many requirements and decisions and business facilities and laws Monetary policy , which is an important part of this trend, calling on the UAE side to provide facilities and support to push the trend and enter into economic partnership contribute to the development of relations. For his part , expressed the Governor of the UAE Central Bank is ready to provide all means of support and assistance, noting the importance of identifying the existing problems to develop a plan and mechanisms to resolve them, stressing that the door is open for cooperation and consolidation of relations between the two brotherly countries. Emphasis was placed on the transfer of the UAE experience successful and benefit from the good experiences for the purpose of establishing industrial cities in Iraq , similar to the industrial cities in the UAE and facilitate the export of goods and Iraqi exports of raw materials and semi - finished and find markets to them. President of the Iraqi Economic Council , Ibrahim al- Baghdadi al - Masoudi said that the UAE has become the most important financial center in the region after the merger of banks in recent years and most recently was the merger between the two giants Abu Dhabi National Bank and First Gulf. We nevertheless did not see any weight for banks UAE in Iraq , and we hope to see broad participation of banks and take advantage of the promising investment opportunities in Iraq, and we hope to increase cooperation between the government and private in the opening credits of banks, indicating that there is difficulty in opening accounts and displays who have accounts in Noor Islamic Bank to shut down their accounts while it was worthwhile to be resolved subject if there is any mistake and give them the opportunity to settle their situation. http://www.alsabaah.iq/ArticleShow.aspx?ID=137784
    0 replies | 94 view(s)
  • harry's Avatar
    05-25-2017, 07:47 AM
    good morning to all ds i pray that everyone will have a blessed day to and receive a blessing from above, jade my wife is coming alone good she saw the wound doctor monday for her toes still trying to get its heal from the inside first and today i will carry her to her regular doctor for check up, and jade thanks and prayer coming your way also to be heal and with a new kidney soon ,all for the many prayer and prayer for all with special healing for other also, ksd time will heal bugs wrist as more she used its, and to gretchen that she will know something soon, and also to dodgerboy wife that she also be heal.
    348 replies | 14395 view(s)
  • Bondlady2's Avatar
    348 replies | 14395 view(s)
  • ksdunlap's Avatar
    05-25-2017, 06:06 AM
    Good morning DS. Jade, Bugs still complains off & on about her wrist being a lil' sore still. The doctor said the X-ray looked good & to just take it easy for a bit. Prayers still going up for Jade, Gretchen, tudor, Harry & DodgerBoy & their wives as well as for all of DS. Enjoy a blessed & beautiful day. Stay safe.
    348 replies | 14395 view(s)
No More Results