Iraq Is Going To Attract Big Investors !

[10 YEARS LATER]

CRY HAVOC, PUT TO REST FOREVER THAT YOUR CURRENCY IS WORTLESS AND RELEASE YOUR IQD !!!!!!!

 

Hope they heard me !

[DinarThug]

US Post: A Post-Saddam Iraq Attracts Foreign Investors

A report by the Financialtribune newspaper reported on Thursday that foreign investors had begun to be attracted to doing business in Iraq as the economic situation improved and the defeat of a nascent organization in the country was announced.

"Many countries have expressed their desire for economic cooperation with Baghdad after they have declared their full victory over terrorism in the country," the report quoted UN adviser on the Iraqi economy Falah Lami as saying.

"During the past few months, many delegations and government and private companies in Europe and the United States visited Iraq," he said, adding that "the recent meeting between officials of the Central Bank of Iraq and representatives of Airbus and Total, as well as the visit of the British Prime Minister and a group of American companies" .

"After the announcement of the final victory over terrorism, many indicated that they want to invest in various areas of the Iraqi economy, where Iraq has become a profitable and attractive place for economic cooperation," Lami said.

"After the fall of oil prices, Baghdad is in dire need of foreign capital," the UN adviser said. "Chinese companies have already begun investing in the Iraqi economy."

At the end of 2016, the World Bank approved a $ 1.485 billion new aid package for Iraq aimed at boosting the country's economy, stimulating private sector growth and job creation, while the country's 2018 budget said strict costing would help the Iraqi authorities pay part of the Its debts to the International Monetary Fund.

link

[ChuckFinley]

2 hours ago, Synopsis said:

 

 ChuckFinley AND The Best Of Your Day To You!

 

Go Moola Nova!

Same to you. It is getting interesting. 

[NoviceInvestor]

Have to agree things are interesting in Iraq at the moment .. But where is that illusive HCL... 

[NoviceInvestor]

3 hours ago, 10 YEARS LATER said:

CRY HAVOC, PUT TO REST FOREVER THAT YOUR CURRENCY IS WORTLESS AND RELEASE YOUR IQD !!!!!!!

 

Hope they heard me !

🔊🔊🔊 Louder i don't think they heard you 📢

[DinarThug]

http://aletejahtv.org/permalin.....96629.html

United Nations: recovery of the growth of the Iraqi economy after the defeat of Wahhabism

 

16th December, 2017

Foreign investors are beginning to be attracted to doing business in Iraq as the economic situation improves and a declaration of defeat defeats Wahhabism in the country, a Financial Times report quoted international officials as saying.

"Many countries have expressed their desire for economic cooperation with Baghdad after they have declared their full victory over terrorism in the country," the report quoted by Trend al-Press quoted the UN adviser on the Iraqi economy as saying.

"In recent months, many delegations and government and private companies in Europe and the United States visited Iraq," he said, referring in particular to the "recent meeting between officials of the Central Bank of Iraq and representatives of Airbus and Total, as well as the visit of the British Prime Minister and a group of companies American. "

"All this indicates the recovery of Iraq. After announcing the final victory over terrorism, many have indicated that they want to invest in various areas of the Iraqi economy. Iraq has become a lucrative and attractive place for economic cooperation," he said.

"After falling oil prices, Baghdad desperately needs foreign capital and Chinese companies are already investing in the Iraqi economy," he said.

At the end of 2016, the World Bank approved a $ 1.485 billion new aid package for Iraq aimed at boosting the country's economy, stimulating private sector growth and supporting job creation, while the country's 2018 budget said strict costing would help the Iraqi authorities pay part Of its debt to the International Monetary Fund.

[DinarThug]

9 hours ago, DinarThug said:

CNN. Broadcasting With A Consensus - Otherwise It Would Be Totally Consenseless !

 

 

 

(by don961)

A consensus on the importance of regional economic relations

16/12/2017 12:00 AM  After the visit of a banking delegation to the Kingdom of Saudi Arabia  Baghdad / Hussein Thugb  Iraq's openness to its regional environment is of great importance for its role in the process of economic development through integration with important regional economies, including Saudi Arabia, which was visited by a banking delegation headed by the Governor of the Central Bank of Iraq d. Ali Alalak.  The Governor of the Saudi Arabian Monetary Agency, Dr. Ahmed bin Abdul Karim Al-Khulaifi,discussed with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, the promotion and development of direct cooperation between the banks in both countries. Remittances  A number of issues of mutual concern were discussed, as well as means of developing banking relations in both countries. They also discussed cooperation in the field of remittances, correspondence relations between Saudi banks and Iraqi banks and other banking transactions that provide suitable infrastructure for future economic and investment cooperation between the two countries.  Al-Khulaifi expressed his welcome to the Iraqi delegation and sincere wishes to benefit from the expertise of the Foundation in the fields of training and the transfer of knowledge to human resources in Iraq in many fields.  Future work  The Executive Director of the Association of Iraqi Banks Ali Tariq pointed out that "the presence in the Kingdom and study ways of cooperation in the banking sector to develop the future work movement, which is looking forward to the countries amid the desire for large economic cooperation units in all sectors and to the benefit of the two sides in terms of conditions of cooperation and success" .  Tariq pointed out that "the Iraqi banking sector in continuous development after a break from the world for decades, and today we start where the world ended and can achieve integration of banking activity between the two sides, especially that the Association worked to activate bridges of cooperation with various economies of the world, "The Iraqi economy awaits a promising future and needs sophisticated banking products, and this doubles the size of our responsibilities to develop this joint, which is an engine of the economy."  Arab House  Chairman of the Chamber of Commerce and Industry Saudi Arabia Joint Firas Al-Hamdani stressed that "openness to the Kingdom represents a new gateway for joint action at the international level, where the return of Iraq to the Arab House a gateway to achieve integration and strengthen the economies of the region to the existence of a large workload in Iraq, The Gulf and the Kingdom in particular. "  "The visit of the governor of the Central Bank is an important step to restore financial cooperation with the Kingdom, and stresses the great desire to start a new phase of relations that can contribute to the benefit of Iraq and Saudi Arabia," he said.  He stressed the importance of working to intensify visits between the delegations of the two countries to discuss the mechanisms of cooperation from all parties and a confident step.  Exceptional importance  "The strengthening of financial relations with the Kingdom of Saudi Arabia is of exceptional importance, as the two sides look forward to activating economic cooperation in all sectors, which requires that there be A banking system supported the great effort, which looks to start its signs during the coming period. "  Alusi explained that "the banking mobility of Iraq comes with the aim of creating a banking system with international specifications that provides major services to international and regional investment companies that will contribute to the reconstruction phase of liberated areas and construction operations.  Which Iraq will see in the future.  She stressed that "the visit of the Governor of the Central Bank of Iraq to the Kingdom will bring useful new to Iraq, especially as it coincides with the great wishes of the parties to develop bridges of economic cooperation with the problem of the year and banking in particular."  Saudi Arabia's joint chamber of commerce and industry adviser, Abbas Shamara, said that "openness with Saudi Arabia is an imperative after it has built a sophisticated industrial system and relations with most industrialized countries, which can be invested in the economic interest." link

 

CNN. Broadcasting With A Consensus - Otherwise It Would Be Totally Consenseless !

 

 

 

(by don961)

A consensus on the importance of regional economic relations

16/12/2017 12:00 AM  After the visit of a banking delegation to the Kingdom of Saudi Arabia  Baghdad / Hussein Thugb  Iraq's openness to its regional environment is of great importance for its role in the process of economic development through integration with important regional economies, including Saudi Arabia, which was visited by a banking delegation headed by the Governor of the Central Bank of Iraq d. Ali Alalak.  The Governor of the Saudi Arabian Monetary Agency, Dr. Ahmed bin Abdul Karim Al-Khulaifi,discussed with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, the promotion and development of direct cooperation between the banks in both countries. Remittances  A number of issues of mutual concern were discussed, as well as means of developing banking relations in both countries. They also discussed cooperation in the field of remittances, correspondence relations between Saudi banks and Iraqi banks and other banking transactions that provide suitable infrastructure for future economic and investment cooperation between the two countries.  Al-Khulaifi expressed his welcome to the Iraqi delegation and sincere wishes to benefit from the expertise of the Foundation in the fields of training and the transfer of knowledge to human resources in Iraq in many fields.  Future work  The Executive Director of the Association of Iraqi Banks Ali Tariq pointed out that "the presence in the Kingdom and study ways of cooperation in the banking sector to develop the future work movement, which is looking forward to the countries amid the desire for large economic cooperation units in all sectors and to the benefit of the two sides in terms of conditions of cooperation and success" .  Tariq pointed out that "the Iraqi banking sector in continuous development after a break from the world for decades, and today we start where the world ended and can achieve integration of banking activity between the two sides, especially that the Association worked to activate bridges of cooperation with various economies of the world, "The Iraqi economy awaits a promising future and needs sophisticated banking products, and this doubles the size of our responsibilities to develop this joint, which is an engine of the economy."  Arab House  Chairman of the Chamber of Commerce and Industry Saudi Arabia Joint Firas Al-Hamdani stressed that "openness to the Kingdom represents a new gateway for joint action at the international level, where the return of Iraq to the Arab House a gateway to achieve integration and strengthen the economies of the region to the existence of a large workload in Iraq, The Gulf and the Kingdom in particular. "  "The visit of the governor of the Central Bank is an important step to restore financial cooperation with the Kingdom, and stresses the great desire to start a new phase of relations that can contribute to the benefit of Iraq and Saudi Arabia," he said.  He stressed the importance of working to intensify visits between the delegations of the two countries to discuss the mechanisms of cooperation from all parties and a confident step.  Exceptional importance  "The strengthening of financial relations with the Kingdom of Saudi Arabia is of exceptional importance, as the two sides look forward to activating economic cooperation in all sectors, which requires that there be A banking system supported the great effort, which looks to start its signs during the coming period. "  Alusi explained that "the banking mobility of Iraq comes with the aim of creating a banking system with international specifications that provides major services to international and regional investment companies that will contribute to the reconstruction phase of liberated areas and construction operations.  Which Iraq will see in the future.  She stressed that "the visit of the Governor of the Central Bank of Iraq to the Kingdom will bring useful new to Iraq, especially as it coincides with the great wishes of the parties to develop bridges of economic cooperation with the problem of the year and banking in particular."  Saudi Arabia's joint chamber of commerce and industry adviser, Abbas Shamara, said that "openness with Saudi Arabia is an imperative after it has built a sophisticated industrial system and relations with most industrialized countries, which can be invested in the economic interest." link

[DinarThug]

1 minute ago, DinarThug said:

Baghdad / Hussein Thugb 

 

And This Article Clearly Be Totally Legit - It Be Written By A Thug !  

 

     

[ChuckFinley]

57 minutes ago, DinarThug said:

 

And This Article Clearly Be Totally Legit - It Be Written By A Thug !  

 

     

Have to give you that one Thug. 

[DinarThug]

14-12-2017 02:01 PM

Know the cost of living in Iraq compared to some countries?

Revealed a report posted on the site Numbio   'numbeo' , which means the standard of living of the countries of the world, the cost of living in Iraq is less than America by 39.80 %.

"The cost of living in Iraq is 39.80 percent less than the US without rent, which is 5.77 percent higher than in Russia, " the report said, according to the latest update in December .

"The cost of living in Iraq in terms of rents is 66.76 percent lower than in the United States, and 19.72 percent less than in Russia, " the report said.

He said that 'rent the apartment for three rooms in the city center costs $ 705.49 and rent for one bedroom $ 392.91 '.

The report pointed out that 'the average monthly net salary of citizens in Iraq is 602.59 dollars,' explaining that '32% of the income of the citizen is spent on the market, while 21.3% of the expenditure of citizens on rents '.

Numbeo is one of the sites launched in 2009 and is considered as a source by many international newspapers and magazines including the BBC, Time, The Forks, Forbes, The Economist, Busines Incider, San Francisco Chronicle, New York Times, The Telegraph, The Edge, The Sydney Morning Herald, China Daily, Washington Post, USA Today and dozens of other websites and media .

link

[Carrello]

On 12/14/2017 at 9:38 AM, 10 YEARS LATER said:

 

That cleavege support system" rel="">support appears to be 40 DD - may Allah bless Belly Dancers. 

 

You men need to check with the Belly Dancers regarding size. But men have always had poor vision and still think four inches is seven.

[DinarThug]

7 minutes ago, Carrello said:

You men need to check with the Belly Dancers regarding size. But men have always had poor vision and still think four inches is seven.

 

But U Have To Read The Disclaimer - ”Objects In The Ceiling Mirror Are Larger Than They Appear” !  

 

     

[pontiyak]

I was on the verge once.....

 

Thanks Thug.

 

The best things in life RV.

 

yak

[DinarThug]

On 12/16/2017 at 8:45 AM, DinarThug said:

Baghdad / Hussein Thugb 

 

And Here Be Yet Another Off The Hook Legit Thug Article !  

 

     

 

 

Identifying the obstacles to sustainable development and demanding their elimination

19/12/2017 12:00 AM  Baghdad / Hussein Thugb  The final conference between the private sector and decision makers presented the most important ways to promote the national economy, which were discussed by the two sides over the past three years. These recommendations represent a serious road map for real development tracks and promote the productive sectors that represent the core of the national economy.  The conference was organized by the economic expert Bassem Jameel Antoine and said: "This conference aims at intensifying and coordinating efforts between the Iraqi private sector on the one hand and between the decision makers in the House of Representatives and the executive apparatus represented by the government on the other side. To achieve real economic and administrative reform aimed at achieving sustainable development that serves all the Iraqi people. "  Development programs were developed over three years and a serious contribution from civil society organizations in eight governorates. They provided basic working papers with a precise diagnosis of the obstacles that hinder the development process in Iraq in order to catch up with the developed countries and which faced great challenges.  Executive tools  Antoine pointed out that the conference recommended "activating the role of the strategic partner of the Iraqi private sector as a key partner in building the process of sustainable development and the involvement of stakeholders and their representatives in the process of exchange civil society local governments with the development of mechanisms for that," noting the importance of "the development of a legal mechanism to approve strategies and legitimacy With the creation of operational tools and ensure the existence of the necessary resources in the productive sectors, especially. "  He stressed that the conference focused on "the importance of leading the process of economic transformation professionally by a central body to coordinate efforts in a practical manner and in accordance with the national vision of economic constitution of Iraq, and that part of the work of national reconciliation and capacity-building in the formulation of policies."  Capital  "The importance of supporting and encouraging the role of national competencies in ministries and executive bodies and attract the skills of immigrants from the Iraqis and capitalists in the regional environment with the reconstruction of the state's state apparatus and the rationalization and the structuring of wages and salaries of employees in the State," stressing " On the results with transparency in access to data and benefit from the web for this purpose and provide statistical information.  Promote work  "Building a network of supporters and supporters of this program requires strengthening the collective action of the private sector unit under a broad umbrella that includes a national private sector away from parasitic activities in achieving profits, supporting local national investment and accelerating the legislation of the reform council law, Economic, as well as the serious move towards radical reforms of the financial institution, especially the banking system and offices of external financing and banking to reduce the process of money laundering and escape.  He urged the importance of "the disclosure of the causes and causes of corruption and the treatment of cases of corruption and law enforcement to achieve good governance and improve the international classification of Iraq in transparency and business environment, credit and quality, and to develop a vision of a national strategy for the Republic of Iraq until 2030, National quality to promote the importance of strategic planning and importance in light of the challenges facing us and re-examine the outcome of previous plans and the reasons for failure. "  Investment promotion  For her part, the representative of the Center for International Projects Mona Zalzala showed that "this activity over the past years urged the closer communication between planners and the executive system and to calculate the possibilities without exaggerations in the estimates with a review every 6 months to know the benefits obtained in the work to re-evaluation, and the formation of a higher investment committee and the preparation of a strategy Promote investment in Iraq and continue to communicate with foreign markets and the global capital market and strengthen the role of one window in a modern manner with the activation of the Supreme Committee of e-government. "  One of the recommendations of the conference is simplifying procedures and developing laws and activating e-government to create an attractive environment for investment, not repudiation with the elimination of bureaucratic red tape in the government departments in dealing with citizens. He also recommended imposing compulsory insurance on all properties, shops, markets and stores against all risks.  Global Market  "The consensus on the formation of a national team for the right of qualified and elite in advisory offices and universities and economic prospects and the global oil and gas market and the study of continuous crises for the purpose of rid Iraq of the unilateral profit economy and spare Iraq these continuing lapses and find other sources of income and benefit from the National Center for Administrative Development in The Ministry of Planning with its development in a modern practical manner. "  Sovereign funds  Antoine said that "the conference called for speeding up the completion of the service council to contribute to the selection of competent leaders upper and middle to implement plans and avoid cronyism in appointments, impose mandatory insurance on all property, shops, markets and warehouses against all risks with health insurance for citizens, as well as work on the establishment of sovereign funds A variety of hedge of the Iraqi economy and any amount was to put this culture as a general principle in the administration and start from sales of oil and gas and the annual budget. link

[DinarThug]

Evaluation Needs

19/12/2017 12:00 AM  Haidar Kazem al-Baghdadi  It is no secret that the next stage requires extraordinary efforts to complete the stages of sound economic construction that must be witnessed by Iraq in all its regions without exception, especially as the focus will be on the liberated areas that require a large volume of work, for the size of the destruction that has become evident.  This large volume of work requires extraordinary efforts by all and according to the specialization to reach real and real integration between all parties to achieve the desired goals, which were drawn up by the specialists in this regard The important.  The total economic operations, which are taking place in all regions of Iraq, need a sophisticated banking sector capable of bearing the burdens of the stage and be a true supporter of the national economy in all its productive sectors And service.  When we talk about the size of a large business, we realize that the responsibilities of the banking system is great, and it must realize that it must expand its activity, and work to develop the best banking systems adopted in the world and the global banks Great.  And we are on the threshold of a new year, must be an assessment stage led by the Central Bank of Iraq, which works to regulate the work of the private banking sector, to stand at the real reality of the extent of compliance of the banking system instructions issued in various activities, and then go to a new assessment of all Banks.  Thus, the assessment will serve as a stimulus to the banking system and works to strengthen the capacities and products of banks that have developed their mechanisms of work and give them new incentives, and leads to improve the reality of the work of banks that may not play a developmental role commensurate with the objectives Establishment.  And the need is urgent to create a solid banking sector that plays its developmental role and supports all economic processes, and raise the number of products provided by our banks to acceptable levels.  It can not be said that there are difficulties facing the process of developing banking performance in the light of the openness of Iraq to the outside world and out of the provisions of Chapter VII, can also benefit from the presence of offices of sophisticated technology companies in Baghdad on more than one occasion.  By complying with the Central Bank's instructions, bringing in advanced banking technologies, qualifying human resources and intensifying the internal and external training activity, all our banks can be upgraded from the level of their evaluation, which is considered an Iraqi banking success. 2018.  link

[10 YEARS LATER]

" The final conference between the private sector and decision makers presented the most important ways to promote the national economy, which were discussed by the two sides over the past three years. These recommendations represent a serious road map for real development tracks and promote the productive sectors that represent the core of the national economy."

 

This is encouraging, and I wouldn't shake a stick at the rest of the article either ! 

 

 

 

[DinarThug]

http://alforatnews.com/modules.....yid=156305

Mr. Ammar al-Hakim: Iraq is facing a new stage characterized by the basic building of the state

 

 

2017/12/20 17:06

The head of the National Alliance, Mr. Ammar al-Hakim, Iraq is in front of a new stage characterized by the basic state-building.  "Mr. Ammar al-Hakim received in his office in Baghdad today the Ambassador of the Republic of Romania in Iraq Jakob Barda, and it was stressed that sectarianism no longer has a place in Iraq after the Iraqis realized the magnitude of the challenges they face, and the need To unite and face up to those challenges. " 

"The importance of addressing the problems of dialogue and understanding, and under the Constitution, we also stressed that Iraq is facing a new stage characterized by the basic building of the state through the strengthening of institutions and the fight against corruption and provide jobs and provide services and the launch of economic development." 

For his part, Ambassador Barda congratulated "the victories achieved on terrorism Daheshi, praising the sacrifices of Iraqis and their cohesion."

[blueskyline]

Thanks Thug , GM DV’s ...............

[DinarThug]

http://economy-news.net/conten.....p?id=10242

Banking expert: Islamic banks will participate in the reconstruction of Iraq

 

20th December, 2017

The banking expert Abdul Hussein al-Mundhari, on Wednesday, that the Islamic banks in Iraq represent a new weight on the banking arena and that it will contribute to the construction of Iraq.

The volume of Islamic banking in Iraq about 4.4 trillion dinars, through the presence of 24 Islamic banks operating in the country.

Al-Manzari said in a statement to "Economy News", that Islamic banks have become clear weight in the banking arena and was able to achieve good results benefiting from the law of private banks No. 43 for the year 2015.

He pointed out that Islamic banks have a valuable opportunity to participate in the reconstruction of Iraq, especially after the disappearance of security risks that hinder the work of banks.

He called on the banking sector to develop strategic plans, including media plans to be able to withdraw liquidity and pump it into investment projects.

[NEPatriotsFan1]

19 minutes ago, DinarThug said:

and the launch of economic development

Failure to launch has been the issue....... so let's get this rocket to the moon please and thank you! 

 

[DinarThug]

LINK

Secretary General of the Council of Ministers: The Iraqi government is serious in activating investment in the country

 20th December, 2017
The Secretary-General of the Council of Ministers, Mahdi al-Alaq, on Wednesday, the Iraqi government's intention to revitalize the investment movement in the country.  "The Iraqi government is serious about activating the investment movement in the country," al-Alaq said in a statement received during a meeting with ambassadors and representatives of donor countries. "The most difficult battle in the history of Iraq is the elimination of an oppressor."

 

During the meeting, he expressed his thanks and appreciation for the initiative of the World Bank in formulating the main recommendations for achieving sound investment in Iraq, which will be presented to the Supreme Committee for Reconstruction and Investment, which was recently formed under the chairmanship of the Prime Minister. 

It is worth noting that the head of the National Investment Authority Dr. Sami Al-Araji, the head of the inter-provincial coordination secretariat Dr. Touhan Al-Mufti, the World Bank representative Ms. Yara Salem and a number of ambassadors and representatives of donor countries attended the meeting to discuss the main recommendations to ensure a sound investment climate in Iraq.

######
LINK

Keywords: the government is serious in stimulating investment
 

20th December, 2017
Announced the Secretary - General of the Council of Ministers, Mahdi Keywords, while chairing a meeting with ambassadors and representatives of donor countries on Wednesday, the government 's determination to stimulate investment in the country. 

"The General Secretariat of the Council of Ministers in cooperation with the World Bank organized a meeting of ambassadors and representatives of donor countries today at the headquarters of the Secretariat to discuss the main recommendations to ensure a sound investment climate in Iraq." "The Iraqi government is serious in activating the investment movement in Iraq, especially as the most difficult battle in the history of Iraq is the elimination of an oppressor," said Secretary-General of the Council of Ministers Mahdi al-Alaq, who presided over the meeting, adding that the Prime Minister and the Iraqi government emphasize the activation of investment in Iraq, .

According to the statement, "the Secretary stressed the need to revitalize the investment movement, expressing his thanks and appreciation for the initiative of the World Bank in the formulation of key recommendations to achieve a sound investment in Iraq, which will be before the Supreme Committee for Reconstruction and Investment, which was recently formed under the chairmanship of the Prime Minister. 

The meeting was attended by Chairman of the National Investment Authority Dr. Sami Al-Araji, Head of the Inter-Provincial Coordination Secretariat Dr. Touhan Al-Mufti, World Bank Representative Ms. Yara Salem, and a number of ambassadors and representatives of donor countries.

[DinarThug]

 

http://economy-news.net/conten.....p?id=10245

Abadi adviser : Iraq's exit from the seventh item will provide an environment conducive to foreign investment

20th December, 2017

The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Wednesday, that the exit of Iraq from the seventh item will provide an environment conducive to foreign investment.

The Security Council decided on the ninth of this month, to remove Iraq from the seventh item and placed in the sixth item, after the implementation of the requirements of the Security Council.

Saleh said in a statement to "Economy News" that "the climate of investment and credit rating for Iraq will rise because many of the funds frozen by the United Nations of the oil-for-food programs and inspection teams and others will return their money to the state treasury."

He pointed out that "the remnants of the funds of the memorandum of understanding estimated about 150 million dollars will enter the treasury of the state."

[DinarThug]

 

Housing Fund is first to spend the initiative of the Central Bank of Iraq

Economie

 

The time now is 11:51 AM

 

Baghdad / Al-Ghad Press: 

A government source said on Wednesday that the Housing Fund was first solved in terms of spending compared to banks benefiting from the initiative of the Central Bank of Iraq. 

The source said the "Baghdad Press", "The Central Bank of Iraq has presented an initiative to the sectoral banks (industrial, agricultural, real estate) and the Housing Fund and the amount of five trillion dinars for the implementation of various projects." 

 

He added that "the housing fund provides to the rest of the participants in the initiative where out of the allocated funds amounted to (834) billion dinars, he completed the disbursement (824) billion dinars and the rest is only one billion dinars." 

The source explained that "the Agricultural Bank has already allocated him the amount of trillion and 666 billion dinars, where has been so far is more than 15 billion dinars and the remaining about one trillion and 650 billion dinars, a few percentages." 

He continued: "The real estate bank allocated 834 billion dinars and what was spent is only 525 billion dinars and the remaining 359 billion dinars, and most was the Industrial Bank, where he was allocated a trillion and 666 billion dinars, where has been disbursed so far and until the current December about 17 billion Dinars out of the amount allocated to him, the least of them. " 

The source said that "next year may witness a large lending movement to the Industrial and Agricultural Bank after the amendment of some paragraphs of the terms of lending by the committee responsible for follow-up loans projects."

link

[DinarThug]

 

2017/12/21 (00:01 PM) - Number of readings: 8 - Number (4093)

 

 

Central Bank announces the establishment of a joint lending fund to fund important projects

 Baghdad / Zahraa al-Jassim 

The Central Bank announced the establishment of a joint lending fund with a capital of 500 billion dinars, and according to the Banking Law, this fund can grant a 10% loan to finance the infrastructure projects of the country, an expert confirms that the idea is open to a number of banks and banking experts eight years ago, but the entry of the central to apply now, It should give it momentum and strength of lending, provided that the process of lending from the lenders and brokers and routine, and half of its members from the private sector to start new methods of easy to lend without complications or extortion.

The adviser to the Governor of the Central Bank of Iraq, Walid Eide, said in an interview with the press, that the Central Bank established the joint lending fund with a capital of 500 billion dinars to finance projects that develop infrastructure, noting: The Banking Act allows the bank to grant a loan of 10% of capital as a result of the challenges facing The economy because of the security situation and the weakness of the guarantees provided. He pointed out that the Central Bank decided to establish a joint lending fund with a capital of 500 billion dinars, which can be increased and with compulsory participation from all commercial banks, explaining that each bank will contribute to the capital of the Fund by 4 billion dinars. 

"The loans that will be granted by the Lending Fund are related to the development of infrastructure such as the establishment of hotels and hospitals, financing the government's dilapidated projects and the construction of schools and others," he said, stressing that the interest of the Lending Fund would be very small compared to market interest. On the one hand loan. 

According to the expert on economic affairs, in the name of Antoine in an interview with (range), that this idea was presented by a number of banks and banking experts more than eight years ago, the establishment of a lending fund shared by all Iraqi banks with a joint capital to activate investment in Iraq But the idea remained a dead letter and was not implemented. However, today, when the central bank enters into this process, it must give it momentum and strength to lend to many companies that can choose projects that create job opportunities for the unemployed and reduce the poverty rate. It is also one of the means of financing especially that the bank Focus previously allocated five trillion dinars amount to the industry, agriculture and housing. 

Antoine confirms that the lesson is not in the allocation of funds, but in the tools of implementation, because we did not see the movement to the required level, especially in the industrial sector, where the previous lending process had very difficult conditions, and now we can see the same situation, but we hope that the process After the completion of the selection of members of the fund and money, is to start new methods of lending without complications and routine, because without it we will see this idea dead, because in Iraq we have a problem is the gap between planning and implementation, and the rampant financial and administrative corruption is also a handicap and obstruction, not to mention the bureaucracy And routine utilities For the process of extinction. 

In the case of this lending fund, there is a major obstacle. Who will manage this fund? Will a government administration also have the same process of red tape or will it be shared by private banks? There should be a hand for the private sector through a board of directors, half of which will be from the private sector. To facilitate the process and obstacles and reduce the complexities and freedom, it is a sound step if the monitoring and follow-up and the selection of people appropriate to this process, and can provide something important and solve part of the economic problems of the country, but we must keep this fund on the file of corruption and hegemony for the presence of people trying parasites Blackmail We should also issue a law in the fund called the Lending and Financing Law, so that there will be a nucleus for this process, including selecting the appropriate fund managers to witness the success of the idea. 

Iraq has about 70 banks licensed by the Central Bank and their capital is more than 11.7 trillion dinars, which gave the banks operating in Iraq, government and private loans more than 37 trillion dinars, according to data issued by the Association of Iraqi private banks.

link

[DinarThug]

Why and how does the world help us?

21/12/2017 12:00 AM  Bright Raji  More than $ 100 billion is the cost of reconstructing the liberated areas according to the estimates of the Ministry of Planning; Iraq in general needs more funds to sustain the infrastructure that stopped expansion and renewal since the eighties of the last century; the cost of our right to modern economic system and exit from the climate of war is a longer story More expensive; we must face ourselves with difficult facts; oil is no longer able to heal our wounds and our economic diseases, even if returned to high prices.  Minister of Planning Salman Jumaili: The sources of funding for reconstruction are three (budget, investment, grants); we know that the budget already suffer from the deficit and problems even in the management of ordinary affairs and there is nothing to help the completion of the reconstruction process and the maintenance and modernization of infrastructure and development The Iraqi economy; we also know that the ropes of foreign grants are long and do not have a lot of money and may benefit some of the projects after long trouble and negotiations and procedures; there is only to us investment and here we need a road map and difficult decisions and bold. The Iraqi government will go to several donor conferences where we have seen similar promises and commitments made by political and economic steps. There are also negotiations in every grant; this is inconclusive; we must ask the countries of the world to help Iraq by investing in it. Of course, no one will invest in real projects with conditions, laws and procedures that will expel even domestic investment, let alone a foreigner.  Iraq needs to establish an integrated environment to facilitate investment, from granting land at low prices and perhaps free to change laws related to individual freedoms provided that investment in specific sectors is agriculture, industry and energy; not by the method of malls, restaurants and hotels; investment in Iraq should first mean job creation More and less imports at least for consumer goods, primarily food; and the end of the method of investment, which is based on the granting of government contracts for companies established by Iraqis abroad depend on the advances provided by the government; real investment is not paid by the government Anara one but it 's the evolution of tax institutions to earn him a fair degree of money to make Iraq an attractive investment environment. The first step in this way is to change the leaderships and systems of all the institutions and entities that managed the investment during the past years. They are partners in the failure. The second step is to remove the projects from the Iraqi cities as they no longer bear the repelling of any real foreign investor because of the chaos and congestion and waste and weakness of the infrastructure; It is better not to pass the foreign investor in most cities of Iraq and if it can be avoided suffering the arrival lounge at Baghdad airport, it would be better if this hall was upgraded to enter the twenty-first century, we must completely abandon the people and entities that were shopping for Investment in Iraq, where it made the meetings and conferences to encourage investment occasions of mutual acquaintance and discipline and political meetings without solving one problem.  There will be no real investment except by imposing the rule of law, specifically by confronting armed gangs with clan names to seize land, attacking companies, threatening employees, cutting off roads, restricting workers' freedoms and imposing themselves upon them; then complaining about the unemployment of their sons, to satisfy their elders with bribes, To win not to enter into fights or to die.  The establishment of an attractive investment environment requires the enactment of new laws, changing public awareness of foreigners and resisting many arrogant and racist ideas; citizens and politicians must understand that their lives depend on the success of foreign investment in Iraq; the transfer of an important part of government attention to areas far from political conflict such as the governorates of Samawah and Diwaniyah And the south of Babylon and the areas of Najaf far from the center and the province of Wasit; empty land more and cheaper and tribal problems and security less; it is an area of proximity between Iran and the Gulf States; these countries will be the first investors targeted to attract in addition to It is the closest to the Asian regions of the markets as well.Investment in this stage is the only way to rebuild in two ways. The first is the contribution of investors to the reconstruction of infrastructure in return for granting them land and tax and customs facilities; the second is that investment through its sectors to establish new human centers (towns and villages) on industrial or agricultural projects or near; The new construction will not be completed soon, but it should start quickly to save old cities that have not experienced real expansion or maintenance; and that the fortune of real estate investment Drainage is the least because it will only drive more foreign currency and create a temporary and fragile economy under the pretext of a psychological complex called Dubai and other Gulf cities where the buildings are wonderful but not crowded with the unemployed. The countries of the world near and far are certain that Iraq's instability and economic and service weaknesses have a catastrophic effect on international security. The displaced and the terrorists have crossed the borders and worried Europe and America in a way that affects the laws of the two countries on the two continents and affects the way people live there and their culture. The Iraqi government should focus on this subject to encourage the countries of the world to help attract investments; and to send a clear message that the deterioration of Iraq economically and servicefully will become a cross-border security problem; Here seeks to transform Iraq ally continued or yard proxy war that failed in its quest first; these forces realize that Iraqin which meet its economic interests and ways of better trade. link