Iraqi Dinar Guru opinions 10-21-17 10-21-2017 Newshound Guru G-Lin Article: “Saudi diplomat: The next stage will witness huge work with Iraq” Quote: “The Saudi Royal Airplane arrived yesterday evening in Baghdad with a large Saudi delegation, the largest after a 27-year break between the two countries, to participate more actively in the Baghdad International Fair […]
The House of Representatives intends to discuss the work report of the Committee for the selection of members of the Independent High Electoral Commission, within the agenda of the 27th session, which is scheduled to be held at 11 am on Saturday.
The agenda of the Parliament also includes the completion of the vote on the draft law of the third amendment to the law of provinces that are not organized in the province. The agenda of the meeting is as follows:
First: reading verses from the Koran.
Second: Report of the work of the Committee of Experts to select the members of the Independent High Electoral Commission.
Third: Complete the vote on the draft law of the third amendment to the Law of Governorates not organized in the region No. (21) for the year 2008 (Legal Committee, the Committee of Regions and governorates not organized in the province) (remaining 11 article).
Fourth: The vote in principle on the proposed law to amend the law of elections of the House of Representatives No. (45) for the year 2013 (Legal Committee).
Fifth: Vote in principle on the proposed amendment of the Personal Status Law No. 188 of 1959 (Legal Committee, Endowment and Religious Affairs Committee, Committee on Women, Family and Childhood).
Sixth: Vote on the draft law on the ratification of the Mutual Encouragement and Protection of Investments between the Government of the Republic of Iraq and the Government of the Islamic Republic of Iran (Committee on Foreign Relations, Committee on Economy and Investment) (Article 2).
Seventh: Vote on the draft law amending the law of the Association of Accountants and Auditors (Committee of Civil Society Organizations, Finance Committee, Legal Committee) (12 articles).
Eighth: Vote on the Second Amendment Bill to the Central Bank of Iraq Law No. (56) of 2004 on the Coalition Provisional Authority (dissolved) (Finance Committee, Committee on Economy and Investment) (10 articles).
Ninth: Report and discussion of the draft law of the first amendment to the law of elections of the Iraqi Council of Representatives No. (45) for the year 2013 (Legal Committee) (Article 9).
The session begins at 11 am.http://alghadeer.tv/news/detail/63025/
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A source in the Iraqi Council of Representatives, on Saturday, the intention of the Federal Court to issue an arrest warrant for the President of the Kurdistan region Massoud Barzani on Sunday.
The source added that "the Federal Court will bring the President of the Kurdistan region Massoud Barzani on 55 files filed cases against him."
The source said that "these cases included the issues of the referendum and the threat of the security of the country and the smuggling of oil and other administrative and legal irregularities."
The Supreme Judicial Council, has issued yesterday a memorandum of arrest against the deputy head of the Kurdistan region Kosrat Rasul, against the backdrop of his recent statements, which described the federal security forces in the province of Kirkuk as "occupied.http://alghadeer.tv/news/detail/63029/
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Baghdad / Hussein Tgb – Mustafa al – Hashemi
launched on Saturday the activities of the Baghdad International Fair edition of (44) , held under the slogan (We have liberated our land and your cooperation we build) for the period from 21/10 until 30/10/2017,
and in the presence In addition to 400 foreign, Arab and local companies, in conjunction with the victories of our security forces on the "calling" terrorist to travel Iraq the path of economic and security victories after a difficult journey culminated in the presence of international effort developed in Baghdad and this represents a new victory especially in the presence of major international companies.
The Kingdom of Saudi Arabia will participate for the first time in 27 years in this year’s event with the participation of 66 different Saudi companies. The exhibition will be represented at the Baghdad International Exhibition by Minister of Energy, Industry and Mineral Resources Khalid Abdul Aziz Al-Falih, Mr. Prime Minister Haidar Abadi.
came in the exhibition , which got the "morning" , a copy of the program opening ceremony will include speeches by Mr. Prime Minister and Minister of Commerce D.salman Jumaili, the governor of Baghdad Atwan Atwani, as well as the word of the Director General of the General Company for Trade and Commercial Services Hashim Mohammed Hatem.
Among the opening activities will also be the sky of the Baghdad International Fair with the Iraqi flag through the jump of one of the paratroopers in conjunction with the opening ceremony and went to the exhibition halls.
According to the curriculum will also interspersed the days of the event several celebrations of the national days of a number of participating countries in the presence of senior Iraqi officials and ambassadors and representatives of those countries for the official opening and raising flags on the main wings participating in the Baghdad International Fair.
will also be held as a symposium of the Ministry of Electricity, which will discuss the rationalization of energy consumption and the advancement of the Ministry’s work and investment fields, as well as a seminar of the Ministry of Industry, looking to promote the local product and the advancement of industrial reality;
Deputy Chairman of the Baghdad Economic Forum Bassem Jamil Antoine said:
"The Baghdad International Fair in its new session of 2017 is a valuable opportunity of its kind with this great presence, and should invest in the best way through plans to achieve this goal."
"The ministries and institutions are required to develop a plan to benefit from the presence of a large number of regional and international companies in the Baghdad exhibition, and come out with positive results," he said in an interview with Al Sabah. "The importance of local institutions at the end of the exhibition cycle, participation. "
Antoine said the " this measure makes participation more effective and urges local institutions to invest optimally for their existence as well as the competent companies in this economic event. "
and pointed out that" the exhibition is free opportunity to learn about the latest technologies witnessed by all areas of work, " Confirmed that "friction with Global companies expands Midyat ideas and plans for all participants after reviewing the latest developments that have changed the shape of the work. "
Chairman of the Iraqi Chamber of Commerce and Industry – Saudi Arabia Firas Al-Hamdani said: "The current Baghdad International Fair is characterized by a large presence of Saudi companies participating in the current session, reflecting the great desire of these companies to work in Iraq and to employ investment opportunities available in all sectors."
He pointed out that "Saudi companies are advanced in industrial and agricultural fields and can change the reality of the work of these sectors to a better shape," calling on the concerned parties to work on the optimal investment of the presence of these companies and work to activate production and recycling the wheel of local production after a long pause.
is preparing to participate in the Baghdad International Fair during its 44th session under the slogan "Industries that transcend borders and bring peoples closer" for the first time in its history.
The participation of the Saudi Export Development Authority is one of the most important participations that will contribute to building economic trade relations between the Kingdom of Saudi Arabia and the Republic of Iraq.
The 10-day international exhibition, which will last for 10 days, will be attended by 66 Saudi companies from various industrial and service sectors under the umbrella of the Saudi pavilion to showcase the various Saudi products.
The Saudi Exports Authority aims to explore the market opportunities for Saudi products in Iraq and to facilitate export procedures to Iraq in cooperation with the relevant authorities.
Different products for
his part, Secretary General of the "Saudi exports" engineer Saleh peaceful: the participation of the "body" in the Baghdad International Fair, comes from its role in encouraging Saudi products to gain access to international markets , he said.
The highest sectors in terms of the value of imports in Iraq are food products, according to the data of 2016, amounting to 21 billion riyals, followed by heavy equipment and electronics by about 20.3 billion riyals, and then building materials more than 15.8 billion Saudi riyals, making Iraq an opportunity Market and good export destination for Saudi products.
Abizaid: The orientation of the Iraqi market was the result of discussions held by "Saudi exports" with a group of exporters discussed the most important challenges facing them, and find effective solutions to overcome them, and discuss ways to facilitate access of the Saudi product to the Iraqi market.
adding that the Authority is striving to provide all the tools and means that contribute to overcoming obstacles to the national product to compete internationally; to develop non-oil exports in the Iraqi market in particular and international markets in general.
"Saudi exports" employ all their capabilities to improve the efficiency of the export environment, develop export capabilities, promote exporters and their products, create export opportunities, develop programs and encourage exporters, promote Saudi products in international markets and increase their competitive quality to achieve international market access, The status and quality of the Saudi product, and to be an extension of the national economy.
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Baghdad / Sabah
An Iraqi banking delegation discussed with a number of banks and financial institutions operating in the United States of America opportunities for cooperation between the parties.
The Association of Iraqi Private Banks said in a press statement that "a delegation of 17 private banks, Rafidain Bank, industrial and executive director of the Association of Private Banks Ali Tariq and a number of advisers of the Association held a meeting at the Center for Strategic Studies in Washington with a US delegation
including the US Treasury and US banks and OPEC And American financial institutions and a number of employees at the US Embassy and were held during the meeting to discuss Iraq’s economy and the challenges facing it.
She added that "the meeting discussed the development in the Iraqi banking sector, especially in the past five years and strengthen cooperation with Arab and foreign banks in addition to plans for the reconstruction of liberated areas and development in the oil sector."
"The global media has reflected a negative image of Iraq over the past years, which has greatly affected the entry of foreign companies to work in Iraq," said the representative of the Center for Strategic Studies, Dan Randy, who conducted the session.
"The Iraqi market contains great advantages and a great opportunity for investors to work. in it".
On the other hand, the Executive Director of the Association of Private Banks, Ali Tariq, explained to the American delegation the development of the Iraqi banking sector and the challenges facing it during the current period.
"Despite the general conditions of the country, the work of banks is constantly evolving and we seek to reduce the use of cash in life transactions through projects operated by the Association of Iraqi private banks in cooperation with the Central Bank such as the project of financial inclusion and the settlement of salaries."
He added that "private banks are working hard to be a balanced share with government banks through deposits and through the issuance of decisions to stimulate government departments to deal with private banks," noting that "Iraqi banks implement the anti-money laundering law and terrorism and instructions on compliance and risk management" .
"The US banks now have greater confidence in the Iraqi banks, especially after the positive steps taken by the Central Bank of Iraq to fight money laundering and punish violators," said Bank of Dubai bank chief Dennis Flanery.
He added that "US banks are considering the mechanism of working with Iraqi banks and projects that provide them with a streamlined work."
The Association of Iraqi Private Banks decided to continue holding periodic meetings with the US Treasury and foreign banks, specifically the US, with the establishment of an annual forum between Iraqi and American banks. http://www.alsabaah.iq/ArticleShow.aspx?ID=146330
By John Lee.
Deputy chief executive Vadim Yakovlev (pictured) told Reuters that Baghdad has not asked the company to curtail production, despite reports that the Oil Ministry had asked foreign producers to cut investment to reduce the cash-strapped government’s contribution in shared ventures.
Yakovlev added that production at Badra is expected to plateau as high as 110,000 bpd in the future.
Hundreds of thousands of children and their families in Iraq who have suffered the pain of brutal conflict and displacement will have regular access to lifesaving clean drinking water and services that respond to gender based violence thanks to help from the U.S. government.
With the latest contribution of nearly 9 million US$ from the United States Office of Foreign Disaster Assistance (OFDA), UNICEF and its partners will be able to provide safe drinking water to families living in displacement camps as part of its emergency first line response, as well as repair damaged water supply infrastructure.
OFDA’s generous assistance will also help bring age-appropriate and survivor-centered community-based multi-sector services to survivors of gender based violence.
Hamida Ramadhani, UNICEF’s deputy representative in Iraq, said:
“The provision of multi-sector support services to women and children who carry invisible wounds as a result of conflict, gender-based violence and large-scale displacement is particularly important to help them cope and to re-build their lives.”
Nearly five million children are in dire need of humanitarian assistance in Iraq. UNICEF continues to count on the United States as a major global donor of humanitarian and development assistance to respond to the most urgent needs of the most vulnerable children around the world.
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From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.
About 100,000 Kurds have fled the Kirkuk region since it was retaken by Iraqi forces from Kurdistan’s regional government (KRG).
The UN says it is worried by reports of civilians being forcibly displaced and their houses and businesses looted and destroyed.
Al Jazeera‘s Steffanie Dekker reports from Erbil.
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A mystic, moralist and excellent calligrapher of the Quran, Malik bin Dinar was the earliest Sufi saint in South India. He was reportedly among Prophet …
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Xinhua – 11 hours ago
US stocks and dollar bolstered by tax reform hopes – Financial Times