CBI News 11/22/2018

[yota691]

Advertising Auction Results

 

  

 November 22, 2017

 

   The Central Bank approved on 21/11/2017 a public tender for the auction of  D206    for the sale of remittances for the period ( 182 ) days and the amount of ( 200 ) billion dinars (two hundred billion dinars) and was sold in the amount of (105) billion dinars at a multiple interest rate and the highest discount rate (2.50% ), And the number of participants (6) has won the amounts provided.

 

[yota691]

The text of the IMF mission statement on Iraq

 

 November 22, 2017

 

The Iraqi authorities and IMF experts continued discussions in the Jordanian capital of Amman from November 17 to 21, 2017 on the third review of the 36-month credit agreement with Iraq. The Executive Board of the International Monetary Fund (IMF) had agreed to hold the credit standoff agreement on 7 July 2016 (see press release 16/321) and the second review was completed on 1 August 2017 (see press release 17/311).

At the conclusion of the mission, Mr. Christian Goose, head of the Fund's mission to Iraq, made the following statement:

"The Iraqi authorities and the IMF team of experts continued discussions on the third review of the credit standoff agreement and made good progress towards reaching agreement on the 2018 budget bill in line with the credit standoff agreement.

During the period of discussions, the mission team met with Dr. Ali Mohsen Ismail Al-Alaq Acting Governor of the Central Bank of Iraq, Dr. Maher Johan, Undersecretary of the Minister of Finance, Dr. Qassim Attiyah, Deputy Minister of Planning, Dr. Mazhar Saleh, Financial Advisor to the Prime Minister, The Central Bank of Iraq and the Ministry of Oil, and the mission team would like to thank the Iraqi authorities for their cooperation and for the open and fruitful discussions held with them. "

[yota691]

Operational Plans for 2018

 

 November 22, 2017

 

The plan includes training for the Legal Department, which is expected to be implemented in 2018:

1. Developing the skills of legal consultation.
2. Recent trends in job setting.
3. Leasing.
4. Bank Strategies.
5. Islamic instruments.
6. Operations of investment banks.
7. Law enforcement in anti-corruption operations.
8. Developing leadership skills for senior and middle management.
9. Operations of central banks.
10. Preparing and writing correspondence, administrative and technical reports and minutes of meetings.
11. E-Banking Service.
12. SME financing methods.
13. Skills of preparing memos and legal regulations.
14. Islamic banking methods.
15. Analysis and evaluation of banking work.
16. Negotiation and persuasion skills.
17. Methods of commercial banking operations.
18. Conversion of conventional banks into Islamic banks.
19. Islamic financing formulas.
20. Advanced methods of investigation.
21. Introductory courses of laws (Central Bank, Banks, Anti-Money Laundering).
22. Banking Operations (Letters of Guarantee - L / C).
23. English language development courses in legal banking operations.
24. Clearing instruments.
25. Money laundering.
26. Economic Crimes - Organization.
27. Risk Management.
28. Legal translation of graduates of English.
29. Law on Money Laundering and Financing of Terrorism.
30. Documentary Credits.
31. Letters of guarantee.
32. Guardianship of banks.
33. companies laws.
34. Liquidation of banks.
35. Agency provisions.
36. Securities (Documents).
37. Islamic bank financing formulas.
38. Standard documents for government contracts.
39. Administrative contract.
40. Contract Accounts.
41. Execution Law No. 30 of 1980.
42. English translation courses.
43. Courses in English (Beginner - Intermediate - Advanced).
44. Computer Courses ( Microsoft Office ).

 

[yota691]

International Monetary Fund: IMF mission has made good progress on Iraq's 2018 budget

 

Economy News _ Baghdad On Wednesday, the International Monetary Fund (IMF) reported good progress in reaching agreement on Iraq's draft budget for 2018 in line with the IMF program. He added that the Iraqi authorities and staff of the Fund, in Amman from 17 to 21 November 2017, continued to hold discussions on the third review of credit readiness agreements for 36 months. The IMF, announced early August, that the economic policies implemented by the Iraqi authorities appropriate, to deal with the shocks facing Iraq - armed conflict with the repercussions of the humanitarian crisis and the collapse of oil prices. The head of the IMF's Iraq mission, Christian Goose, said the Iraqi authorities and IMF staff were still discussing credit arrangements and making progress with the agency.   Views 369   Date Added 11/22/2017

[ChuckFinley]

Morning Yota, things seem to moving forward in a positive direction.  2018 looks to be the year. 

[yota691]

The International Monetary Fund confirms progress with Iraq on the budget for 2018

 

Wednesday, November 22,

 

 

 

 

 

 

Alsumaria News / Baghdad ,  said the Iraqi Central Bank , Wednesday, for the completion of discussions with the IMF on third revision of the agreement to prepare the credit, pointing to confirm the IMF to achieve progress with Iraq on the budget year 2018, which comes in line with the standby credit agreement.  "Iraqi authorities and IMF experts continued discussions in the Jordanian capital of Amman from November 17 to 21, 2017 on the third review of the 36-month credit agreement with Iraq," the Central Bank of Iraq said in a statement received by Alsumaria News.   Bank and the transfer of the head of the IMF mission to Iraq Christian nut, confirmed that the Iraqi authorities and the International Monetary Fund experts continued discussions on the third revision of the agreement to prepare the credit and made good progress towards reaching agreement on the draft 2018 budget law in line with the standby credit agreement. "  He said the bank to "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 and Advisor to Prime Minister Haider Abadi, Chief of the Financial Supervision Bureau and officials of the Ministry of Finance and Coffee As the Iraqi Central and the Ministry of Oil, and expressed his thanks to the Iraqi authorities for their cooperation and open and fruitful discussions 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.

[yota691]

22 minutes ago, ChuckFinley said:

Morning Yota, things seem to moving forward in a positive direction.  2018 looks to be the year. 

Yes sir things do seem to be moving forward. The referendum which seem a delay actually accelerated the process. and GM Chuck and all of DV..  

[yota691]

International Monetary Fund: IMF mission has made good progress on Iraq's 2018 budget

The mission completed discussions with the Iraqi side on the third review of the credit readiness agreements for 36 months

 

 21 November 2017 10:38 PM

The International Monetary Fund (IMF) has reported good progress in reaching agreement on Iraq's draft budget for 2018 in line with the IMF program.

He added that the Iraqi authorities and staff of the Fund, in Amman from 17 to 21 November 2017, continued to hold discussions on the third review of credit readiness agreements for 36 months.

The IMF, announced early August, that the  economic policies implemented by the Iraqi authorities appropriate,to deal with the shocks facing Iraq - armed conflict with the repercussions of the humanitarian crisis and the collapse of oil prices .

The head of the IMF's Iraq mission, Christian Goose, said the Iraqi authorities and IMF staff were still discussing credit arrangements and making progress with the agency.

[sandfly]

thanks yota

[DinarThug]

21 hours ago, DinarThug said:

CNN. Broadcasting A Pure Report - Anything Else Is Pure BS !

 

 

(by don961)

PAGE 1
The Republic of Iraq
Central Bank of Iraq
Pure Report
Annual Meetings of the International Monetary Fund and Convention Talks
(Third round) and the visit of the Governor of the Central Bank
To the UN Security Council
PAGE 4
Introduction:
The annual meetings of the International Monetary Fund (IMF) and the World Bank Group are held at +? - ?? Of the month
October each year is a good and important opportunity for the central banks and financial ministries of the world to identify, share and exchange
Experiences on the latest changes in economic policies (monetary and financial) and their instruments and the global banking system
Particularly in the area of compliance with FATF recommendations (h) in the area of combating money laundering and financing
Terrorism, risk management and electronic services. Participation in these meetings is also a special opportunity for the delegation
Iraqi conflict to discuss the agreement of the interim readiness that took place between the Iraqi government and the International Monetary Fund in 1%

A meeting was held with the US Treasury delegation
Headed by Assistant Secretary of the Treasury for Finance
About what can be offered to facilitate the task of a team
Fund and the Iraqi side. In: Review
Of the TNA and updated
The budget to be compliant with the requirements
International Monetary Fund.
Cash and capital markets were discussed with the department In which the Fund was assisted To reduce the difference between the price Formal exchange and parallel market and re Structuring of good banking and Rafidain 

Holding a meeting chaired by the governor and the accompanying delegation with A delegation from the US Federal Reserve Bank headed by Assistant to the President for Technical Affairs
On the subject of the amount and shipments of dollars expected for the year The Federal Delegation provided a study on forecasting About the 8-dollar amount? "
Statistics for 1% and "
Used by the issuing department and cabinets Forecast for the year The evaluation report of the Investment Department was discussed And in coordination with the external consultancy firm On reviewing the procedures and systems in Especially the SWIFT and remittance sections External reports will be provided periodically on this
To senior management by all parties Concerned.
The criteria and procedures for selling the currency were discussed

Recommendations and proposals
N - will be Assistant Treasury Secretary
Visited Iraq during the period And meet the Governor And Iraqi officials to promote Cooperation between the two parties in particular
In the fight against the financing of terrorism And anti-money laundering.

International auditing and classification of banks to enter the window According to these criteria.
A meeting was held with the Undersecretary of the Treasury Of the Financial Crimes Enforcement Service
A & B
0 [660060] New
And submit a working paper Usually structuring Banking companies operating in Iraq including Control and control To the conversion of the transfer companies To Islamic banks either

Especially after cash management has shown Columbia University is willing to publish This research and scientific studies in Its international publications because of its impact Great _ and great reputation _ for research And our studies. This topic also has been Talk to other universities such as George Mason University Virginia _ which she also showed Willingness to accept some of the staff Bank in postgraduate programs For the coming years.
Both companies promised in Meetings to reduce the initial cost Which it had previously provided to the Bank
Marked and competitive for the polymer coin if The central bank administration has taken Iraqi decision to adopt the polymer currency In the coming year.

Discuss the topic of the transformation from paper currency to The polymer coin which showed the study provided
The British company  Delaru will be reduced The printing costs of the currency strengthen the security issues of the currency Of the possibility of fraud by forging rings Currency and the sustainability of the new currency three times when Trading compared to the current currency.
The French company Obrethure, the French company, I met with the Governor and the accompanying delegation an invitation to visit The company's center and the company's representative gave the same points Offered by the company Delarueabout the conversion of the currency Polymer instead of the current conventional paper currency.

Implement the plan of the Central Bank in the restructuring of the banking system in Iraq, especially in the field of reducing the number Banks in Iraq, restructuring government banks and reducing the number of banking companies
And convert financial transfer companies into entities with strict instructions and controls as in Banking systems in the world. We are currently coordinating with our international partners to find the appropriate formula to return
The structure of the system will be presented to the Board of Directors for final study, discussion and approval.

Visit the headquarters of Bank 006 (5006) in Germany at the invitation of the Governor To develop the relationship between the central bank and the bank, especially in bonds 00000005 and help in finding Correspondent banks deal with Iraqi banks and the Ministry of Foreign Affairs of Denmark to thank them for the allocation Another blow to the technical assistance of the Office for Combating Money Laundering and Terrorist Financing for the year 2007? And visit units Counterparts in Belgium, France and Italy to sign MoUs with them in order to provide technical assistance in this And the promotion of Iraq's membership in the Egmont Group (600,000).

Study of the US Federal Reserve's proposals on dollar sales and planned shipments for the year 48.Especially after the increase that took place this year and find a mechanism to pay the dues of some companies
Investment agreements with the government on their financial transfers. The end of this year's end of the year, especially the remittances section

To the Member States during his meeting with the Governor and his accompanying delegation in Washington.
Forming a team selected by the Governor to open channels of communication and coordination with the Saudi Monetary Agency for Fatah
The prospects of cooperation in opening banking relations and exchanging experiences and technical assistance, especially after the fruitful meeting in Washington between the Governor of the Central Bank and the Governor of the Saudi Monetary Agency.
Review the printing of the Iraqi currency between the choice of the current paper currency and the polymer currency in terms of cost
And long-term security, especially as the Iraqi economy and daily financial transactions
Banking is heavily dependent on cash handling rather than price cards.
Prepare a working paper for the Conference on the Reconstruction of Free Zones organized by the terrorist organization to be organized in Kuwait at the beginning of next year by a team specialized in the Central Bank of what can be achieved from the countries Reconstruction and mechanisms to ensure the success of these projects.
https://cbi.iq/static/uploads/up/file-151116963925280.pdf

 

CNN. Broadcasting A Pure Report - Anything Else Is Pure BS !

 

 

(by don961)

PAGE 1
The Republic of Iraq
Central Bank of Iraq
Pure Report
Annual Meetings of the International Monetary Fund and Convention Talks
(Third round) and the visit of the Governor of the Central Bank
To the UN Security Council
PAGE 4
Introduction:
The annual meetings of the International Monetary Fund (IMF) and the World Bank Group are held at +? - ?? Of the month
October each year is a good and important opportunity for the central banks and financial ministries of the world to identify, share and exchange
Experiences on the latest changes in economic policies (monetary and financial) and their instruments and the global banking system
Particularly in the area of compliance with FATF recommendations (h) in the area of combating money laundering and financing
Terrorism, risk management and electronic services. Participation in these meetings is also a special opportunity for the delegation
Iraqi conflict to discuss the agreement of the interim readiness that took place between the Iraqi government and the International Monetary Fund in 1%

A meeting was held with the US Treasury delegation
Headed by Assistant Secretary of the Treasury for Finance
About what can be offered to facilitate the task of a team
Fund and the Iraqi side. In: Review
Of the TNA and updated
The budget to be compliant with the requirements
International Monetary Fund.
Cash and capital markets were discussed with the department In which the Fund was assisted To reduce the difference between the price Formal exchange and parallel market and re Structuring of good banking and Rafidain 

Holding a meeting chaired by the governor and the accompanying delegation with A delegation from the US Federal Reserve Bank headed by Assistant to the President for Technical Affairs
On the subject of the amount and shipments of dollars expected for the year The Federal Delegation provided a study on forecasting About the 8-dollar amount? "
Statistics for 1% and "
Used by the issuing department and cabinets Forecast for the year The evaluation report of the Investment Department was discussed And in coordination with the external consultancy firm On reviewing the procedures and systems in Especially the SWIFT and remittance sections External reports will be provided periodically on this
To senior management by all parties Concerned.
The criteria and procedures for selling the currency were discussed

Recommendations and proposals
N - will be Assistant Treasury Secretary
Visited Iraq during the period And meet the Governor And Iraqi officials to promote Cooperation between the two parties in particular
In the fight against the financing of terrorism And anti-money laundering.

International auditing and classification of banks to enter the window According to these criteria.
A meeting was held with the Undersecretary of the Treasury Of the Financial Crimes Enforcement Service
A & B
0 [660060] New
And submit a working paper Usually structuring Banking companies operating in Iraq including Control and control To the conversion of the transfer companies To Islamic banks either

Especially after cash management has shown Columbia University is willing to publish This research and scientific studies in Its international publications because of its impact Great _ and great reputation _ for research And our studies. This topic also has been Talk to other universities such as George Mason University Virginia _ which she also showed Willingness to accept some of the staff Bank in postgraduate programs For the coming years.
Both companies promised in Meetings to reduce the initial cost Which it had previously provided to the Bank
Marked and competitive for the polymer coin if The central bank administration has taken Iraqi decision to adopt the polymer currency In the coming year.

Discuss the topic of the transformation from paper currency to The polymer coin which showed the study provided
The British company  Delaru will be reduced The printing costs of the currency strengthen the security issues of the currency Of the possibility of fraud by forging rings Currency and the sustainability of the new currency three times when Trading compared to the current currency.
The French company Obrethure, the French company, I met with the Governor and the accompanying delegation an invitation to visit The company's center and the company's representative gave the same points Offered by the company Delarueabout the conversion of the currency Polymer instead of the current conventional paper currency.

Implement the plan of the Central Bank in the restructuring of the banking system in Iraq, especially in the field of reducing the number Banks in Iraq, restructuring government banks and reducing the number of banking companies
And convert financial transfer companies into entities with strict instructions and controls as in Banking systems in the world. We are currently coordinating with our international partners to find the appropriate formula to return
The structure of the system will be presented to the Board of Directors for final study, discussion and approval.

Visit the headquarters of Bank 006 (5006) in Germany at the invitation of the Governor To develop the relationship between the central bank and the bank, especially in bonds 00000005 and help in finding Correspondent banks deal with Iraqi banks and the Ministry of Foreign Affairs of Denmark to thank them for the allocation Another blow to the technical assistance of the Office for Combating Money Laundering and Terrorist Financing for the year 2007? And visit units Counterparts in Belgium, France and Italy to sign MoUs with them in order to provide technical assistance in this And the promotion of Iraq's membership in the Egmont Group (600,000).

Study of the US Federal Reserve's proposals on dollar sales and planned shipments for the year 48.Especially after the increase that took place this year and find a mechanism to pay the dues of some companies
Investment agreements with the government on their financial transfers. The end of this year's end of the year, especially the remittances section

To the Member States during his meeting with the Governor and his accompanying delegation in Washington.
Forming a team selected by the Governor to open channels of communication and coordination with the Saudi Monetary Agency for Fatah
The prospects of cooperation in opening banking relations and exchanging experiences and technical assistance, especially after the fruitful meeting in Washington between the Governor of the Central Bank and the Governor of the Saudi Monetary Agency.
Review the printing of the Iraqi currency between the choice of the current paper currency and the polymer currency in terms of cost
And long-term security, especially as the Iraqi economy and daily financial transactions
Banking is heavily dependent on cash handling rather than price cards.
Prepare a working paper for the Conference on the Reconstruction of Free Zones organized by the terrorist organization to be organized in Kuwait at the beginning of next year by a team specialized in the Central Bank of what can be achieved from the countries Reconstruction and mechanisms to ensure the success of these projects.
https://cbi.iq/static/uploads/up/file-151116963925280.pdf

[Butifldrm]

International Monetary Fund: IMF mission has made good progress on Iraq's 2018 budget

The mission completed discussions with the Iraqi side on the third review of the credit readiness agreements for 36 months

 

 21 November 2017 10:38 PM

The International Monetary Fund (IMF) has reported good progress in reaching agreement on Iraq's draft budget for 2018 in line with the IMF program.

He added that the Iraqi authorities and staff of the Fund, in Amman from 17 to 21 November 2017, continued to hold discussions on the third review of credit readiness agreements for 36 months.

The IMF, announced early August, that the  economic policies implemented by the Iraqi authorities appropriate, to deal with the shocks facing Iraq - armed conflict with the repercussions of the humanitarian crisis and the collapse of oil prices .

The head of the IMF's Iraq mission, Christian Goose, said the Iraqi authorities and IMF staff were still discussing credit arrangements and making progress with the agency.

https://www.mubasher.info/news/3191464/النقد-الدولي-بعثة-الصندوق-أحرزت-تقدما-جيدا-حول-ميزانية-العراق-2018?currentUserCountryCode=NZ

[Wiljor]

STATEMENT FROM IMF MISSION ON IRAQ

Iraq, November 22, 2017  The Iraqi authorities and the staff of the International Monetary Fund (IMF) continued discussions in Amman from November 17 to 21, 2017 on the third review of Iraq’s 36-month Stand-By Arrangement (SBA). The IMF Executive Board approved the SBA on July 7, 2016 (See Press Release No. 16/321), and completed the second review on August 1, 2017 (See Press Release No. 17/311). At the end of the mission, Mr. Christian Josz, Mission Chief for Iraq, issued the following statement: “The Iraqi authorities and IMF staff continued discussions on the third review of the SBA and made good progress towards reaching agreement on a draft 2018 budget in line with the SBA. “During the discussions, the team met with Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Acting Deputy Minister of Finance, Dr. Maher Johan, Deputy Minister of Planning, Dr. Qasim Enaya, Financial Adviser to the Prime Minister, Dr. Mudher Saleh, Chairman of the Board of Supreme Audit, and officials from the ministry of finance, CBI and the ministry of oil. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.” End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision. businessnews   http://iraqdailyjournal.com/story-z16255570

[Gypsygirl11]

Third review....moving along

[DinarThug]

CNN. Broadcasting Maverick To Goose - Come In Goose !

 

 

The IMF reaches a credit agreement with Iraq

23/11/2017 12:00 am  Baghdad / Al-Sabah  The International Monetary Fund (IMF) chief of staff for Iraq, Christian Goose, said Iraq and the International Monetary Fund's (IMF) expert team had reached discussions in the Jordanian capital of Amman on November 17-21, 2017 for the third revision of the 36-month credit agreement with Iraq.  "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.

link

[nannab]

   Happy Thanksgiving Mr. Thugs !!!

[nannab]

Mr. Thugs just posted that they now have an agreement.  

[Officiallytook]

 

[zul]

12 hours ago, DinarThug said:

Holding a meeting chaired by the governor and the accompanying delegation with A delegation from the US Federal Reserve Bank headed by Assistant to the President for Technical Affairs
On the subject of the amount and shipments of dollars expected for the year The Federal Delegation provided a study on forecasting About the 8-dollar amount?

 

Question is: How do Iraq pays Federal Reserves for these dollar shipment?

 

Worthless Dinar? Or Oil?

[yota691]

2017/11/23 (00:01 PM)   -   Number of readings: 134   -   Number (4070)

 

 

money and business

 

صندوق Monetary Fund: We made progress with Iraq on the budget of 2018 
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 progress with Iraq on the budget in 2018, which comes in line with Credit Standby Agreement. 
"Iraqi authorities and IMF experts continued discussions in the Jordanian capital of Amman from November 17 to 21, 2017 on the third revision of the 36-month credit agreement with Iraq," the central bank said in a statement received by Al-Mada.
Bank and the transfer of the head of the IMF mission to Iraq Christian nut, confirmed that the Iraqi authorities and the International Monetary Fund experts, and continued discussions on the third revision of the agreement to prepare the credit and made good progress towards reaching agreement on the draft 2018 budget law in line with the standby credit agreement. " 
He noted the bank That the mission team of the Fund, met during the discussion period with the Governor of the Central Bank Ali Alaq, Undersecretary of the Ministry of Finance Maher Johan and Undersecretary of the Ministry of Planning Qassim Attiyah and Adviser to Prime Minister Haider Abadi and the President of the Office of Financial Supervision and officials of the Ministry of Finance Iraqi Central Bank and the Ministry of Oil, declaring thanked the Iraqi authorities for their cooperation and for the open and fruitful discussions held with. "
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.

 

النقل The transfer of $ 12 million from the debts of the agents of Iraqi lines 
The Ministry of Transport recovered about $ 12 million of the debts of the airline agents. The director general of the Iraqi airline company of the ministry, Miran Farid, said that "the company recovered 11 million and 700 thousand dollars Of the debts remaining on the agents of the company at home and abroad He 
pointed out that "this came after giving the deadline for the agents to pay the remaining debts over a period of four days, which ended since yesterday, and said Miran," the Agency will be canceled for all those who defaulted on debt repayment. " 
Iraqi Airways is the largest airline in Iraq and is a member of the Arab Air Transport Association. Iraqi Airways was founded in 1945 by the Iraqi Aviation Society and was used initially by British aircraft.

 

The Council of Ministers voted on the Social Welfare Law and the establishment of the Air Navigation Company. 
The Information Office of Prime Minister Haider Al-Abadi announced the vote of the Council of Ministers on the draft Social Welfare Law No. 126 of 1980 and referred it to the Council of Representatives and the establishment of the General Company for Air Navigation. 
The ministry said in a statement received (copy) that "the Council of Ministers voted, during its regular session held today, on the draft Social Welfare Law No. 126 of 1980 and referred to the House of Representatives." The statement pointed out that the Council voted to "establish the General Company for Air Navigation to ensure efficient national administration to manage the Iraqi airspace and improve the situation of workers in this important sector."
The Council of Ministers, according to the statement, to "form a committee to evaluate the strategic projects that can be completed in full next year, in order to prioritize the work and waste of money in projects that are not important to the citizen and the rates of achievement is low." 
It is noteworthy that the Council of Ministers held on Tuesday every week a session to discuss the draft laws and developments at various levels of political, economic and social.

[gregp]

Go 2018! 

[Butifldrm]

Iraqi consultant 's economy : the estimated budget deficit of 2018 7 billion dollars

 

 Twilight News    

 

 10 hours ago

 

 

The head of the Iraqi Bureau of Consulting Amer Abdul Jabbar on Thursday that the amount of deficit estimated in the federal budget for the next year in which they

"In view of the government's approval of the price of $ 43 per barrel for 2018, I say that this price is low and I suggest that the price be taken from $ 47 to $ 49, so the deficit will be reduced by about $ 7 billion," he said in a statement.

On the other hand, Abdul-Jabbar said that customs revenues can be raised from 2 billion to 8 billion dollars a year, which is 6 billion dollars wasted, and if the management of the civil aviation sector is better, an estimated $ 1 billion in waste could be dealt with.

He added that it is also dealing with an unforeseen waste in the Central Bank estimated at 4 billion dollars, but in the oil sector there is an invisible waste estimated at more than two billion dollars a year, saying that these figures are not random speculation, but according to studies "in which we have made great efforts."

 

Keywords: 

 

http://www.shafaaq.com/ar/Ar_NewsReader/05cdd1c5-042d-408d-a097-090d4ba6aedb

[Wiljor]

Thanks Butifldrm, a super day out to you 

 

If they were to seize just a fraction of the stolen money from Maliki, they could cover the deficit easy. Now, with that being said, imagine what they could do if they were to seize ALL funds stolen from the corrupt officials. 

Im sure Abadi is working on something for these crooks, and perhaps we will get a nice surprise to see certain individuals names appear on that list