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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  • Bondlady2's Avatar
    931 replies | 51810 view(s)
  • HotRod's Avatar
    Yesterday, 05:13 PM
    I like this one too. Thank again harry for all you do in keeping us informed.
    1 replies | 145 view(s)
  • HotRod's Avatar
    Yesterday, 04:41 PM
    Things are looking better. Thanks harry.
    2 replies | 120 view(s)
  • ksdunlap's Avatar
    Yesterday, 02:02 PM
    Happy Thanksgiving to our DS family. I pray each of you has a very blessed day. Our family is very thankful. Lap is doing well after his procedure yesterday. The doctor said surprisingly his arteries & veins look really good after all he’s been through. He does have 2 blocked arteries that are 40%. The doctor will reassess in a year or so unless something happens before that. Thank you all for your prayers.
    931 replies | 51810 view(s)
  • b1955's Avatar
    Yesterday, 10:16 AM
    Happy Thanksgiving to all!!! :)
    931 replies | 51810 view(s)
  • harry's Avatar
    Yesterday, 09:51 AM
    Anti-Money Laundering Strategy 11/23/2017 Dr.. Bassem Ibrahimi It seems that the next battle, the fight against corruption, has started. This is what can be said, according to the statement of the Prime Minister at his last press conference. The new confrontation was announced in conjunction with the end of the military battle with the terrorist organization "Da'ash" But I will only limit the economic aspect of its implications. If we want to move towards the stage of development and reconstruction, the elimination of corruption is a necessary condition for that, otherwise, any economic stimulus is dead since birth, not evidenced by the implementation rates in the investment budget in the years of financial abundance, which accounted for only 65 percent of the allocation To find out that these simple percentages are the other were overpaid and above the real proportions much. Confrontation needs more than one mechanism and one of the most important lies in the drying up of the sources of the transfer of dirty money and its movement with the outside world as well as follow-up abroad and here will be a strategy to combat money laundering a key role in that, where the monetary authority preceded the role of government through the completion of the strategy of money laundering and terrorism financing for years (2017-2020), which has been prepared for a long time in cooperation with some international bodies and relevant organizations, which will reach the government in the coming days, as stated by the Governor the bank. In this context, there is international support for Iraq in this confrontation must be invested. The invitation of the Governor of the Central Bank of Iraq by the Security Council was an important precedent for the first time, where he made a presentation on the strategy mentioned and what has been achieved so far by the Central Bank by providing some names and companies Which is involved in money laundering and terrorist financing crimes to the judiciary to hold them accountable. Members of the Security Council welcomed the steps taken in this regard. In line with these trends, sections have been established to combat money laundering and terrorist financing in all the banks operating in Iraq on the basis of the central guidance. The work is being done on building their cadres with specialized courses in order to raise the level of follow-up and diagnosis in the financial sector. A comma in the field of construction and reconstruction, we should all support them with all strength. http://www.alsabaah.iq/ArticleShow.aspx?ID=148003
    0 replies | 58 view(s)
  • harry's Avatar
    Yesterday, 09:41 AM
    Expectations of Iraq obtaining an advanced credit rating 11/23/2017 Baghdad / Mustafa Al Hashemi While the Fitch and Standard & Poor's listed Iraq's credit rating at -B. Economists stressed the possibility of raising the rating to A or A by activating the private sector and providing jobs that would push the gross domestic product up. The academic economist d. Essam Mahaouli said in an interview for "morning": "In the event of increased access to jobs in the productive sectors of private companies, it will be a factor of economic stability and reflected on the rates of prices positively." Iraq has been rated as B - the first credit rating rating issued by the international rating agencies of Iraq, and defines the credit rating GCR, a summary of (global credit rating) as a measure to assess the borrower's ability to meet their obligations in the face of lenders or in other words the risk of not Repayment of the lender (issuer of the bond) in fulfilling its obligations (loan amount and interest) to the borrower (holder of the bond). The world's credit rating is rated 4, A, B, C and D as well as variables that represent a different signal + or - with different frequencies. The adviser to Prime Minister Dr. "The liberation of Iraqi cities from terrorism will definitely affect the high rating," he said in an interview with Sabah. "I hope that Iraq's sovereign rating will be in the A category for the next six months." "The Agency is conducting a review of the classification every six months through its meeting with financial institutions and the Ministry of Planning and security authorities and the rest of the relevant departments, stressing that the indicators confirm the liberation of Iraq's cities during the current year of terrorism." "The stability of Iraq will give it the highest ratings with a stable outlook in view of its global reputation in the payment of its financial obligations in addition to having the resources to qualify for the highest credit rating." Economic researcher Maha Ihsan Shukr pointed out that the positive impact will affect the economy after obtaining an advanced degree in the ladder of credit rating of the three international classification agencies, explaining that "this will support construction and reconstruction and double the number of foreign investment companies that will implement projects in liberated cities." Economic experts confirm that Iraq's sovereign rating better than the current means that the country is one of the stable and attractive areas for investment. http://www.alsabaah.iq/ArticleShow.aspx?ID=147998
    0 replies | 57 view(s)
  • harry's Avatar
    Yesterday, 09:36 AM
    The IMF reaches a credit agreement with Iraq11/23/2017 Iraq and the International Monetary Fund's (IMF) expert team arrived in Amman on November 17-21, 2017 for an agreement on the third review of the 36-month credit agreement with Iraq, the head of the International Monetary Fund's mission to Iraq said. "The two sides have made good progress towards reaching an agreement on the 2018 budget bill in line with the credit readiness agreement," he said in a statement. "During the discussions, the team met with Acting Governor of the Central Bank of Iraq Dr. Ali Al-Alak, Dr. Maher Johan, Undersecretary of the Minister of Finance, Deputy Minister of Planning Dr. Qassim Attiyah, Financial Advisor to Prime Minister Dr. Mazhar Mohammad Saleh, And officials from the Ministry of Finance and the Central Bank of Iraq and the Ministry of Oil. The mission team appreciated the efforts made to make the agreement a success, thanking the Iraqi Government for its cooperation and for the open and fruitful discussions held with it. The Executive Board of the International Monetary Fund had agreed to hold a credit agreement on July 7, 2016 and completed the second review on the first of August 2017. http://www.alsabaah.iq/ArticleShow.aspx?ID=147997
    2 replies | 120 view(s)
  • harry's Avatar
    Yesterday, 09:22 AM
    Central banks contribute to economic balance 11/23/2017 Within its role as monetary economic institutions Baghdad / Emad Al-Amara The relationship between the government and the central bank plays an important role in financing the budget deficit and providing credit to the government. The government has its legal representation in the central bank's board of directors and has the legal right to appoint and remove the governor of the central bank as well as other variables. The academic economist d. "Many economists believe that the role of the central bank is more obvious when it is unable to finance public expenditure by traditional means of taxation or by cutting government spending," he said. Currency printing and borrowing and explained , "resorting financial policy to the means of non - conventional in order to finance the budget deficit through monetary issuance (currency printing) and borrowing from the banking system, and this trend will lead to a rise in general levels of prices, so it is necessary to put restrictions on credit provided by the Bank Central government to reduce inflationary trends and the accumulation of public debt. " "In order not to conflict between the central bank's monetary policy and fiscal policy, specific limits are set for the central bank's credit to the government, depending on the circumstances and nature of the existing economic activity." Achieving economic balance He pointed out that "the responsibility of the Central Bank to contribute to achieving economic balance, is a joint task within the framework of its role as a monetary economic institution has an influential position within the framework of the comprehensive state," stressing that "any imbalance or instability in the balance, likely mainly to lack of coordination or overlap In responsibilities between State institutions ". "The attempt to link the independence of the central bank and the exchange rate policy has found a place in economic studies, especially under free or floating exchange arrangements. The more central the central bank is, the more effective it will be in determining appropriate exchange rates "He said. He pointed out that "the government's participation with the central bank in determining the exchange rate policy will lead to a difference or contradiction between the purposes of the exchange rate, and other monetary purposes that both the bank and the government seeks to achieve." "There are opinions that" when sudden crises will be the intervention of the Central Bank is ineffective because of the participation of political authorities in the functions of the exchange rate policy of the Central Bank . " "This view has a lot of extremism, because even in countries whose central banks have a high degree of independence, the determination of the appropriate exchange rate system or mechanism is shared by both the government authorities and the central bank. The exchange rate policy is under the control of the government "He said. Independence and inflation Turn-d. Qusay al-Jabri, that the central bank's responsibility to maintain and stabilize prices, any acceptable rates of inflation, the more central bank is characterized by independence, it is able to achieve this goal In order to prove that relationship a number of economic researchers conducted quantitative studies were compared to average Inflation in certain countries, for specific periods with the degree of independence of the central banks of the countries and the same period, and acknowledged the inverse relationship between the degree of independence and the rate of inflation. http://www.alsabaah.iq/ArticleShow.aspx?ID=147995
    0 replies | 62 view(s)
  • harry's Avatar
    Yesterday, 09:06 AM
    Iraqi economy between reality and ambition 11/23/2017 Today's world is not like the dawn of evolution in a race against time. Today, scientific research and technological development have reached advanced stages for the better tomorrow and the free movement of capital and science beyond the borders of countries and today the world is said to have become a small village thanks to what came to science. And Iraq is no longer isolated or closed to itself, but subject to these developments and here must be used to open up in a positive way to serve the economy and the advancement of our current reality, which depends on oil as a cornerstone in the development and expenditure and so is a single economy as it is called and this dependence led to a significant decline, Of oil through supply and demand and political events are all factors affecting the price of oil and we are fully linked in terms of development of oil revenues, so we were greatly embarrassed by those declines and reflected on the overall activities and the weak purchasing power of citizens and the cessation of projects accompanied by Entering the country as a fierce war against enemy targets plowing and birth control and sustain the momentum of the battle needs to be a lot of money here and the deficit appeared clearly reflected negatively on various sectors. Iraq could overcome the crisis or reduce its impact if it is better in the past decades to exploit those revenues to promote the components of agriculture or industry to be an extension of support for the economy, but today revealed the Iraqi economy resigned to seek support for him as the International Monetary Fund to meet the financial deficit and the maintenance of the battle The decline of planning and the inability to put the Iraqi economy on the right track in the exploitation and development of the capabilities available in Iraq of water and land of different terrain and human resources with the availability of funds. The question is how to overcome the ordeal and how to overcome dependence on oil, benefiting from successful global experiences that have risen in their countries and do not own half of what Iraq has. This is the role of an effective economic decision in the freedom of movement of capital and the spread of companies investing in the world. Specialized companies looking for jobs. We know that Iraq is a white country where investors compete but what prevents them from doing so is the absence of an ideal environment. We are part of the problem and the solution to create an attractive environment for capital and international companies in light of Iraq's possession of the elements of the advancement of agriculture because we have the land and water and we have dams and systems and we only support the farmer or support the private sector to engage in agricultural projects and livestock development as well as open doors for investment in poultry breeding and egg production As well as supporting industrial projects based on animal products such as milk, milk or cheese, fat, wool and leather. All this can save the hard currency, reduce spending and give the Iraqi trader the freedom to export to the ratio of the product and close the doors of import or impose taxes on the product similar to what is produced in Iraq as well as activating the petrochemical industry to be another tributary to cover the local markets and export surplus and we have marshes and lakes can be exploited correctly and forget To promote the industry, which supplies raw materials in Iraq, such as phosphates, glass, salts, stone, calcareous materials, activating religious tourism, improving the transport sector, and developing the telecommunications sector. So we have to open the doors to the capital, but through economic and scientific rooms that include different disciplines and issuing decisions that address the negatives, for example, the confiscation of land that has not been exploited within two years and thus pay the farmer to work because the land belongs to the people and this concept we should consolidate it if we intend to build Iraq is capable of promoting and building without dependence on oil and find alternatives for future generations and to open several tributaries to enter revenues and to be oil support and support for Economy. http://www.alsabaah.iq/ArticleShow.aspx?ID=147994
    0 replies | 45 view(s)
  • harry's Avatar
    Yesterday, 08:54 AM
    good morning to all ds i pray that everyone will have a blessing today and enjoy its, dodgerboy that very good news about your wife that anwser to pray from the high mighty one our saviour christ our GOD, and wishing everyone a happy thanksgiving and to our country. yes tudor i will get me one soon i hope the weather is getting right for them to move more.
    931 replies | 51810 view(s)
  • Bondlady2's Avatar
    Yesterday, 07:33 AM
    gm ds. Happy Thanksgiving.
    931 replies | 51810 view(s)
  • DodgerBoy's Avatar
    Yesterday, 12:11 AM
    Looking promising...
    1 replies | 74 view(s)
  • DodgerBoy's Avatar
    Yesterday, 12:08 AM
    WOW, a little unity in Iraq
    1 replies | 79 view(s)
  • DodgerBoy's Avatar
    Yesterday, 12:08 AM
    Hello DS. We all have much to be thankful for. For those who have prayed or followed my story, I took my wife to Mayo for follow up apts and received a very good report, thanking God for that. Grateful for my health and, DS and our hopes for the future. Grateful for those who walked before us so that we could live in this wonderful country. Especially grateful to our Lord and savior who lead the early pilgrims to this country and those who settled America so we could have the lives we have here in the US. so much gratitude in those few lines...
    931 replies | 51810 view(s)
  • tudor's Avatar
    11-22-2017, 07:36 PM
    HAPPY THANKSGIVING EVE to all!!! May your day be filled with lots of yummy food desserts, family and friends. Be thankful for what you have, not what you want. Harry, good luck finding that special deer. Ksd, I hope all went well today and your tomorrow will be the happiest ever! God bless us all!!!!
    931 replies | 51810 view(s)
  • Jade's Avatar
    11-22-2017, 01:44 PM
    To All You Special People ... may you your family and friends gather tomorrow in celebration of all the blessings we have in our lives ... Gobble, gobble Day is about turkey, dressing, cranberry sauce and pumpkin pie - plus - giving thanks to God Our Father - wishing you all the best!!!!
    931 replies | 51810 view(s)
  • b1955's Avatar
    11-22-2017, 11:13 AM
    Good Morning all of DS have a Happy Hump Day!!! :) :) :)
    931 replies | 51810 view(s)
  • harry's Avatar
    11-22-2017, 09:20 AM
    The International Monetary Fund confirms progress with Iraq on the budget for 2018 11/22/2017 The Central Bank of Iraq announced on Wednesday the completion of discussions with the International Monetary Fund on the third review of the credit agreement, noting the IMF's achievement of progress with Iraq on the budget in 2018, which comes in line with the agreement of credit readiness. The Iraqi Central Bank said in a statement that "the Iraqi authorities and experts of the International Monetary Fund continued discussions in the Jordanian capital of Amman from 17 to 21 November 2017 on the third review of the credit agreement with Iraq, which is 36 months. "The Iraqi authorities and the IMF team of experts continued the discussions on the third review of the credit agreement and made good progress towards reaching an agreement on the 2018 budget bill in line with the credit arrangement," the bank quoted the head of the IMF mission to Iraq, Christian Goose, as saying. The bank pointed out that "the mission team of the Fund met during the discussion period with the Governor of the Central Bank Ali Al-Alaq, Undersecretary of the Ministry of Finance Maher Johan, Undersecretary of the Ministry of Planning Qassim Attiyah, Advisor to Prime Minister Haider al-Abbadi, Chief of the Financial Supervision Bureau and officials of the Ministry of Finance and the Central Bank of Iraq and the Ministry of Oil, To the Iraqi authorities for their cooperation and for the open and productive discussions held with them. "The Executive Board of the International Monetary Fund has agreed to hold a credit agreement on July 7, 2016, amounting to 5.34 billion US dollars within the program of economic reform of Iraq. http://khabaar.net/index.php/permalink/61383.html
    2 replies | 120 view(s)
  • harry's Avatar
    11-22-2017, 09:06 AM
    adr announces support for Abbadi for second term 11/22/2017 His electoral record has been updated Baghdad / Al-Sabah Sadr's leader, Muqtada al-Sadr, called on voters to review the distribution centers to receive the voter card and the biometric registration. A statement issued by Sadr's office said that the leader of the Sadrist movement, . "The importance of adherence to the principles of independence, impartiality and integrity," he said, praising "the efforts of the Electoral Commission for elections as a constitutional institutions and working to establish the rules of the democratic system, as well as the simplicity of procedures followed. " In the meantime, Mr. Sadr announced his support for the nomination of Prime Minister Dr. Haider Abadi for a second term. Sadr said in a televised interview: "Abadi should give four more years to complete what he started," stressing that he "supports the candidacy of Abadi for a second term." http://www.alsabaah.iq/ArticleShow.aspx?ID=147924
    1 replies | 79 view(s)
  • harry's Avatar
    11-22-2017, 09:03 AM
    Sources for the morning: the government filed a lawsuit against Barzani11/22/2017 Including serious violations on top of the {separatist referendum} and the {oil investment for his own account} Baghdad / Omar Abdul Latif Kirkuk / Nahdat Ali The sources pointed out that the lawsuit will contain three constitutional and legal violations, namely, a referendum on the secession of the region and stay in office despite the end of his mandate and the investment of oil and imports Kirkuk and the provinces of the region for his own account, at a time when the parliamentary committee on the follow-up of the file of deputies participating in the referendum, the separatist that they addressed the judiciary to determine the fate of these deputies legally and constitutionally, while the Council decided Kirkuk, which was held on Tuesday in the absence of Kurds Withdrawal of confidence from Talabani Ribawar President of the Council and the agency. A member of the Legal Committee in the House of Representatives Ibtisam Hilali in a statement singled out by the "morning": "The government intends to file a lawsuit against Massoud Barzani, head of the Kurdistan Democratic Party and the Kurdistan region outgoing in the coming days," indicating that "the list of the case will include violating the Constitution by referendum The separation of the Kurdistan region on the twenty-fifth of last September, despite all the calls of the government to postpone, in addition to stay in office despite the end of his mandate two years ago, and investment of Kirkuk oil money and the region and salaries of staff that were sent there by the government to his own account, "Hilali hinted to That "the Kurdish people are innocent of those actions, but Barzani tried to step the referendum entry into history, and I have entered the enemy to the region." For its part, said member of the Committee Hamdiya Husseini: "The government is required to extend its influence in the region, and take all measures to strengthen the federal authority after the failure of the separatist step, which was called by the politicians of the region." "The step taken by the separatists to divide Iraq and destabilize its security and stability has ended. The government must take bold steps by holding the instigators in the region accountable and those who want to divide the country and not allow them to repeat that attempt in stages," al-Husseini said in a statement. Coming ". Legal opinions to it, confirmed the legal expert Tareq war "needs the federal government to enforce the Constitution in the Kurdistan region by his government , " noting that " the United States , which said (we want a strong province) means that share the wisdom of all the parties is not unique to the Democratic Party Kurdistan by this. " "The United States does not consider a party or a person but a whole entity," he said. "The strong region must abide by the implementation of the constitution, which stipulates that the border ports should be under the control of the federal government, participate in oil issues and reconsider the contracts concluded with the government. Territory contrary to the Constitution ". "The government wanted to have the names of these employees in addition to the Peshmerga and Asayish, their names and ranks, the number of officers, their rank and rank," he said, adding that " Demanding that the question of good faith by the provincial government towards its federal counterpart exists during the next phase, which began with the support of the province to the decision of the Federal Court to cancel the results of the referendum and the effects that ensued, noting that "the provincial government must be satisfied with the damage inflicted on the Kurdish people It opens its doors to the government to audit the payroll and border management and air ports. " "The committee sent a new request to the Federal Court again to decide on their matter and whether the payment is made towards the termination of their membership or canceled," Al-Labban said in remarks followed by Al-Sabah. The penalty to cancel the referendum, "pointing out that" things are resolved correctly through the use of dialogues within the roof of the Constitution. " The Kurdistan Regional Government to that, the President of the Kurdistan Regional Government, Nigirvan Barzani, that all the Kurdish parties against the division of the Kurdistan region for two administrations, while he indicated that he will visit Baghdad as a delegation representing the provincial government. Barzani said in an interview with a number of media in Sulaymaniyah on Tuesday: "We discussed with the political parties the subject of the formation of the interim government and the elections," noting that "all parties against the division of Kurdistan to two departments," adding, "We are in a difficult financial situation and we need the support of all parties "He added:" We will visit Baghdad as a delegation representing the Kurdistan Regional Government, "pointing out that" no party may deal with any entity independently " . Barzani and his deputy Qabad Talabani on Tuesday held a series of closed meetings with the political bodies of the Movement for Change and the Islamic Group and the Islamic Union and the National Union in the city of Sulaymaniyah to discuss finding a way out of the crisis in the region and unite the Kurdish ranks in preparation for negotiations with Baghdad. On the other hand, the political and legal reactions in support of the decision of the Federal Supreme Court unconstitutionality of the September 25 referendum secessionist, said the President of the Movement for Change Kurdish Sarwa Abdul Wahid in a statement received by "morning": "The Federal Court canceled the results of the referendum and its decision is binding, "The question is: do those who have stressed that they can not afford Baghdad to tickle the feelings of people in another way after their failure in the referendum and are they forced to take Baghdad or wait for another chance?" She said. Go to the referendum because I was confident of this outcome "She said," I hope they will not find any other door to cross through and try to tickle everyone's feelings and return to the previous speech as if they were angels and we are devils. " For its part, called on the MP from the Patriotic Union of Kurdistan, Rkkin Abdullah Baghdad and Arbil to speed up the negotiation and cancellation of the procedures resulting from the referendum of the region. In a statement received by the "morning" on Tuesday, "after the Federal Supreme Court ruled unconstitutionality of the referendum in the Kurdistan region, it is necessary for the governments of Baghdad and Erbil to start quickly comprehensive negotiations and resolve the problems and outstanding issues and cancel all the effects that followed the referendum, That the Federal Court issued a final judgment, we call on the governments of the Center and the region to work quickly and sit at the table of negotiations and understanding and cancel the procedures resulting from the referendum taken by the federal government . Parliamentary positions In turn, Deputy Jassem Mohammed Jaafar al-Bayati, expressed surprise at the refusal of Massoud Barzani to the decision of the Federal Court and questioning the Court. "Al-Bayati said in remarks followed by" morning ":" We are surprised Massoud Barzani's rejection of the decision of the Federal Court and questioning the origin of the court and its causes, "stressing that" this rejection is no less serious than the failed referendum, which many advised not to do and intransigence and insisted and enter our Kurdish people in problems and crises is still suffering "He pointed out that" the federal government is serious about opening the door to negotiate with the region according to the Constitution, but the opposite side lives in the fatal selfishness and pride of the Kurdish state, which destroyed by his dreams and determination, "and called on the federal government and the government and parliament of the region" to respond to the call of reason and the right and the Constitution, Dideh ". For his part, MP for the coalition of state law Ahmed al-Badri: "The government of Erbil to announce its official position on the decision of the Federal Court, which decided to cancel the referendum and its results absolutely," noting that "in the event of declaring the region support the decision of the Federal Court will open negotiations directly from Without any conditions to arrange the outstanding situation between the two sides. " "No one rejects the dialogue with the Kurdistan region, but the dialogue must have bases and premises, the first of which is to recognize the illegality of the referendum step," he said. The leader of the coalition of the rule of law, Rasul Abu Hasna, said: "The decision of the Federal Court a new outlet for the region to declare the cancellation of the referendum formally," noting that "the region to respect this decision is unacceptable, without declaring the former Kurdistan Region President Massoud Barzani officially And clearly cancel the referendum and its results, to be the start of dialogues and negotiations between Baghdad and Erbil. " "The negotiations between Baghdad and Erbil continue and did not stop, especially after the end of the mandate of President of the region Massoud Barzani to find a peaceful solution to the crisis," pointing out that "the decision of the Federal Court on the cancellation of the results of the referendum and what "Al-Shammari accused Barzani of trying to" fabricate crises at the moment to create chaos after the decision of the Federal Court in preparation for his return to power. " "Barzani claimed that the decision of the Federal Court on the cancellation of the referendum of Kurdistan" an individual and political decision, "Barzani tried through blow up the constitutionality of the existence of the Federal Court of basis when he said that the Federal Court "had violated Article 55 of the Constitution when its cancellation of the results of the Kurdistan referendum, and it exercises its work since 2005 without any legal or constitutional basis , " according to his claims. MP for a coalition of state law Mohammed Chihod Said in an interview followed by "morning": "Bar I went Expansive project in the region to establish a state (racist) and hit all the opponents of the project went on the referendum , and added that" the Federal Court 's decision was shocking to him and blow up all the expansionist plans in the region to build a state on the unity of the country account " "Article 94 of the Iraqi Constitution stipulates that the decisions of the Federal Supreme Court are binding and binding on all parties and are not subject to appeal. Therefore, the decision of the Federal Court of Justice, " The adoption of the Iraqi government for this resolution and its implementation is proper," noting that "the objection of the provincial government violates the constitutional provisions, especially as it has previously declared its commitment to the Constitution and its provisions and decisions of the Court." Kirkuk Council On the other hand, the Kirkuk Provincial Council held on Tuesday, the first session in the absence of the President of the Council Repoar Talabani and the Kurdish brotherhood bloc, while presided over the meeting of the oldest member Majid Ezzat, and demanded the members of the Arab and Turkmen blocs who attended the meeting to cancel the draft members of the House on the collection Signatures of 150 deputies to dissolve the Council Kirkuk. In a statement issued by the two blocs and read by a press conference by a member of the Council of Kirkuk Qasim al-Bayati: "The Arab and Turkmen blocs and after the meeting decided and in view of the constitutional and legal violations committed by Ribawar Faiq Talabani, the President of the Council and the agency since October 17, Agency and request the House of Representatives to assign one of the members present and signatories at their meeting to manage the Council, and refused to hold any meeting of the provincial council outside the building of the province. http://www.alsabaah.iq/ArticleShow.aspx?ID=147913
    0 replies | 53 view(s)
  • harry's Avatar
    11-22-2017, 08:46 AM
    Benefits of localization of salaries11/22/2017 The benefits of localization of salaries do not depend on the withdrawal of the cash-strapped bloc to the arena of banking, while reducing the costs and risks of the movement of cash, but will extend these benefits to establish the entry of technologies in all banking operations in the Iraqi banking sector and the overall exchanges and financial transactions in the financial and business sectors and in all aspects of life. The entry of ATM, as the service delivery units at exchange and exchange points that are supposed to spread in the markets and streets, necessarily means that an infrastructure capable of accommodating the service request is the technology tools and the electronic payment systems. This also necessarily means the existence of electricity and internet services Other arms are companies that will employ technology specialists to integrate their work with banks and adopt these services. It is expected that this integration will contribute to enhancing the entry of other electronic services into the electronic trading and exchange arena, such as e-collection and previously announced job number services. It will also contribute to the reduction of the slippage rings that permeate the provision of banking services, The joints of everyday life. The technology outputs that will stand behind the payroll services will contribute to building bridges of trust between the public and the banking sector and will establish a culture of savings for the public when ATM units are available and accessible to the streets and commercial markets. When the beneficiary can use his electronic card inside and outside Iraq Both Therefore, we are about a major shift in the pattern of transactions and financial transactions and services provided by the banking sector, which is expected to withdraw its positive effects on the rates of bank credit as the exchange will provide banks with a monetary block can be raised credit rates, and the latter can contribute significantly to the rotation of the economy and revitalization Market movement is an opportunity for the lovers of this country of the project to insist on the requirement to raise the rate of credit to enter any bank in the system of these services, as what was said on this criterion in the selection of the 14 banks that started implementation, Guarantor of the existence of a banking sector that recycles money and create real development, next to the importance of other criteria established by the Central Bank, of which the total amount of deposits 5 percent reserves, as well as labor rates the legal reserve, which means that we will see the birth of a real banking sector if ratified intentions and applied these standards. http://www.alsabaah.iq/ArticleShow.aspx?ID=147907
    1 replies | 74 view(s)
  • harry's Avatar
    11-22-2017, 08:36 AM
    Iraq is moving to implement investment projects in the oil sector 11/22/2017 The government is moving to attract international companies to implement investment projects in the oil sector, so Iraq becomes a source of oil derivatives instead of an importer, especially after achieving self-sufficiency in many of them. The government's directives are part of the national reform campaign led by Prime Minister Dr. Haider al-Abadi, which aims to reduce dependence on oil exports and develop productive sectors, as well as strengthening the Iraqi economy by supporting the national product. According to a source in the oil and energy parliamentary committee for "morning", "the government has developed an integrated plan to attract international companies to invest in the implementation of giant projects related to oil refining and extraction of oil derivatives, petrochemicals and other projects." He pointed out that "the trend to enter into partnerships with companies known," noting that "these partnerships will contribute to moving the wheel of production of the oil sector," praising the same time the government's actions in this aspect, which he described as "positive." The oil and energy committee headed by MP Ibrahim Bahr al-Ulum discussed the draft law of the National Oil Company in the presence of the advanced owners in the Ministry of Oil. The meeting discussed the draft law of the National Oil Company and the classification of the company as a company operating and implementing Omalka oil and oil installations and its land. For his part, the oil expert Hussein Marzouk for "morning", the importance of investment in the oil sector of production, pointing out that "Iraq during the past decades did not see real production projects because of the policies of the former regime, as well as his preoccupation with combating terrorism after 2003." In the meantime, Oil Minister Jabbar Ali al-Allaibi said Iraq's possession of promising investment opportunities in the oil and energy sector. Al-Allaibi said, according to a statement received "morning" a copy of it: "The ministry called on international companies to invest in the sectors of liquidation and extraction and excavation and infrastructure projects and to strengthen partnership and cooperation and interlock With national companies, to achieve common goals and contribute to the revitalization of the wheel of development and the national economy. " The oil minister met with a number of ministers and directors of international companies on the sidelines of his participation in the conference of ADIPEC in the United Arab Emirates, which concluded last week, and discussed with them ways to strengthen relations and investment cooperation in the oil and energy sector. The spokesman of the Ministry of Oil Assem Jihad said that Iraq and Turkey are keen to strengthen and expand prospects for bilateral cooperation in the field of oil and energy, and work together to accelerate the resumption of Iraqi oil exports through the port of Ceyhan. "A senior delegation representing the Turkish Ministry of Energy has concluded meetings in Baghdad with officials of the ministry and the Iraqi oil marketing company" Sumo "focused on discussing a number of joint oil files and strengthening bilateral relations and cooperation to achieve the objectives of the two neighboring countries, Jihad said. He added that "the issue of the resumption of Iraqi oil exports from the fields of Kirkuk through the port of Ceyhan, Turkey was the top topics discussed between the two sides, as well as discuss the obstacles and technical and administrative problems in order to find the necessary solutions by the concerned on both sides, To complete the discussions at a meeting in Turkey, which will be set later. " http://www.alsabaah.iq/ArticleShow.aspx?ID=147905
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  • harry's Avatar
    11-22-2017, 08:34 AM
    Organizing an international financial conference next month in Baghdad11/22/2017 Preparations are under way for the organization of the International Conference and Exhibition on Banking, Investment and Financial Services in Iraq. Chairman of the Organizing Committee Ahmed Al-Jader said: "The conference is sponsored by the Central Bank of Iraq and is organized by Frontier Exchange International in Baghdad for the period from 2 to 3 December next," pointing out that "the organization of this conference in Baghdad came at the request of economists and finance in various parts Especially in the Middle East and North Africa. " He added that "the conference will discuss a number of important axes that were organized in the agenda and most important plans and strategies of the Central Bank for the next phase, and mechanisms to develop relations between foreign banks and Iraqi banks, as well as financial reforms that the government is trying to implement to attract and attract foreign investment. He pointed out that " The role of banks in compliance, combating money laundering and supporting sustainable development, the role of Islamic banks strategy in Iraq, and the extent of supporting the financial markets of the national economy, as well as the role of technology and modern banking systems in the development of banking work in Iraq. Al-Jader said that "the conference will discuss several important issues that aim to serve important joints in Iraq, such as financing large projects of infrastructure projects / reconstruction of areas affected by terrorist operations, and that" the most important participating bodies the Central Bank of Iraq and specialized governmental institutions and public and private banking institutions And foreign banks interested in the subject of work in Iraq and cooperation with Iraqi banks. " http://www.alsabaah.iq/ArticleShow.aspx?ID=147904
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  • harry's Avatar
    11-22-2017, 08:23 AM
    good morning to all ds i pray that everyone will have a special today and enjoy its.
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  • ksdunlap's Avatar
    11-22-2017, 08:07 AM
    Good morning DS. I pray each & everyone of you enjoys a very blessed Thanksgiving. Please be safe.
    931 replies | 51810 view(s)
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  • harry's Avatar
    11-21-2017, 09:39 AM
    Parliament: Parliament will be forced to extend its legislative term 11/21/2017 The parliamentary legal committee, on Tuesday, extended the work of the House of Representatives after the end of the legislative term because of not receiving the draft budget law next year, indicating that the budget withdrawn after the arrival hours of Parliament. "The House of Representatives will be forced to extend its legislative term according to the Constitution only after the vote on the budget law next year." He added that 'the budget reached the parliament on Thursday afternoon and withdrew on Friday morning by the government without looking at its terms and implications, which means that Parliament needs more time to deliberate in the draft.' "The parliament is obliged to allocate funds to hold elections and vote on local and parliamentary election laws before enjoying a legislative holiday to ensure elections are held on time," Turan said. http://www.ikhnews.com/index.php?page=article&id=162270
    0 replies | 63 view(s)
  • harry's Avatar
    11-21-2017, 09:12 AM
    Conscious / Central Bank: 89% of adults do not have bank accounts 11/21/2017 The Central Bank of Iraq said Tuesday that 89% of adults do not have bank accounts, pointing out that the reluctance of many individuals to deal with banks because of religious rulings is one of these reasons. "The World Bank estimates for 2014 indicate that the number of deposit accounts for Iraqis to the number of adults is 11%, meaning that 89% of these adults do not have bank accounts, but deal with cash settlement of their transactions and discharge of receivables "He said.The report added that "the available data for 2015 and 2016 showed that the ratio fell to 6.5% and 6.8%, respectively," noting that "the decline is due to the concentration of branches of banks in the province of Baghdad up to 37.8% of the total banks operating in Iraq during 2016 , In addition to the reluctance of many individuals to deal with banks because of religious provisions, as well as the increase in currency in terms of money supply in the narrow sense of 59.5% in 2016 clear indicator and preference individuals settlement transactions in cash as well as the spread of the phenomenon of compactness. http://www.al-iraqnews.com/news/newwss/economic-news/213984-%D9%88%D8%A7%D8%B9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-89-%D9%85%D9%86-%D8%A7%D9%84%D8%A8%D8%A7%D9%84%D8%BA%D9%8A%D9%86-%D9%84%D9%8A%D8%B3-%D9%84%D8%AF%D9%8A%D9%87%D9%85-%D8%AD%D8%B3%D8%A7%D8%A8%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1%D9%81%D9%8A%D8%A9.html
    0 replies | 55 view(s)
  • harry's Avatar
    11-21-2017, 09:08 AM
    Conscious / financial representative of the types: 105 trillion expenditure ratio in the budget of 2018 11/21/2017 A member of the Finance Committee MP Hossam al-Aqabi, Tuesday, that the proportion of public expenditures constitute 105 trillion in the budget of 2018. He said punitive in a statement transferred reporter ( and the Iraqi News Agency INA ) that " the 2018 budget is still in the Council of Ministers after the request withdrawn from the government, noting that" 105 trillion rate of expenditure. "He added that "the proportion of deficit in the budget of 2018 amounted to 19 trillion, and the proportion of deductions of salaries of employees and retirees amounted to 4.8%," pointing out that "the share of Kurdistan region amounted to 12.67% distributed to three provinces." http://al-iraqnews.com/news/newwss/economic-news/213975-%D9%88%D8%A7%D8%B9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D9%84%D9%88%D8%A7%D8%B9-105-%D8%AA%D8%B1%D9%84%D9%8A%D9%88%D9%86-%D9%86%D8%B3%D8%A8%D8%A9-%D8%A7%D9%84%D9%86%D9%81%D9%82%D8%A7%D8%AA-%D9%81%D9%8A-%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2018.html
    0 replies | 46 view(s)
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