Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

6ly410

Platinum VIP
  • Posts

    13,278
  • Joined

  • Last visited

  • Days Won

    29

Everything posted by 6ly410

  1. Sadr claims largest bloc, promises nationalist government 7 hours ago Dilan Sirwan https://www.rudaw.net/english/middleeast/iraq/12102021-amp?__twitter_impression=true ERBIL, Kurdistan Region - Shiite cleric Muqtada al-Sadr on Monday claimed victory in Iraq’s parliamentary election and, striking a nationalist tone, warned foreign countries not to interfere in the process of forming the government. “Thank God who has blessed his largest bloc with reform, a bloc that is neither Eastern nor Western, but Iraqi,” Sadr said in a televised address on Monday night. Preliminary results showed Sadr’s movement leading by a large margin, securing over 70 seats in the parliament. The election was marred by a record-low turnout as voters and parties boycotted, citing concerns of fraud and disillusionment with the political system and politicians seen as corrupt. Sadr sent strong messages to the international community and Iranian-backed militias that operate outside of government control. “All embassies are welcomed as long as they do not interfere in Iraqi affairs and the formation of the government. If they interfere we will have a diplomatic response or even a popular response,” he said. The United States and Iran compete for strategic influence in Iraq. For years Sadr has been on the frontlines, calling on Western powers to leave Iraq. He has also now turned his eye towards Iranian-backed militias opposed to Western and especially American presence in the country. “From now on, all arms should be in the hands of the state, and its use outside of that should be forbidden, even for those who call themselves the resistance,” he said, referring to the militias. The populist cleric, who earlier this year withdrew from the election, throwing the whole process into doubt until he was enticed back into the race, will now be the main force in the formation of the government and has started giving out promises to the people. “All corrupt people will be punished wherever they are,” Sadr said. Members of his bloc, however, have been linked to corruption and ineptitude. Former health minister Hassan al-Tamimi was forced to resign after deadly hospital fires in Baghdad and Nasiriyah earlier this year, blamed on the ministry’s negligence. Sadr also promised to fix some of Iraq’s financial problems. “We will work on increasing the value of the Iraqi dinar against the value of international currencies,” he said. He had previously expressed his concern over the parliamentary decision in December to devalue the dinar. “The Central Bank and all other banks are prisoners of corruption and the corrupt. The government and parliament must seek specialized methods to end this and liberalize it immediately,” he tweeted at the time. Sadr led the largest bloc in the outgoing parliament. In the 2018 election, his Sairoon alliance, a coalition of Sadrists, the communist party, and some smaller groups, secured 54 seats.
  2. Iraq's Govt Interventions Prompt Improvement in Forex Reserves 8th October 2021 in Iraq Banking & Finance News By Olivia Bridge. https://www.iraq-businessnews.com/2021/10/08/iraqs-govt-interventions-prompt-improvement-in-forex-reserves/ Despite recent tumultuous times and a weakening economy in Iraq, government is said to be implementing reforms that are aimed at reviving its ailing currency. Forex trading in Iraq While forex trading in Iraq is still a relatively new concept, it is gradually being embraced by nationals. Reports on the matter suggest that more and more people in the country are starting to open up to the financial markets and explore alternative investment options. Given the widespread interest in forex trading across the globe, it is no surprise that citizens now have more access to trading resources, analytical tools and platforms. Naturally, before getting involved in forex trading, one needs to do the necessary research on trading currencies and American Dollars; the latter is particularly beneficial because the USD forms part of all major currency pairs and is the basis of the majority of international trading activity. The steps to follow to get started with forex trading are quite universal, however, in Iraq, there are some additional considerations worth noting. For example, industry insiders advise working with an international broker that is registered with a recognised foreign currency authority. The other common steps include opening a trading account after selecting a broker; downloading your trading software as some brokers require third-party software; funding your account through linking it to your bank account of choice; and then lastly, making your first trade. It is worth noting, though, that it may take a few days for the funds to reflect in your trading account. Thereafter, one need only closely monitor the markets and trade using a chosen strategy from the wide selection of strategies that are available and advised by those in the field. Government intervention and its impact Known to many is that forex and currencies are heavily impacted by global economic and political conditions, amongst other factors, and the same applies to Iraq and its trading activities. In recent times, the fluctuations in oil prices and the conditions of 2020 exacerbated the country's ailing economy and weakened the Iraqi Dinar in the financial markets. This put pressure on the government to implement certain policies and reforms to give it a fighting chance on the global markets. Over and above the economic policies to steer the country's finances in the right direction, the government also introduced reforms against corruption which, according to reports, are proving to be quite beneficial to the country's foreign reserves. The measures being taken against the alleged corruption and wastage in the country has given Iraq a fighting chance and, more importantly, has increased investor confidence in Iraq to an extent, although it is still reeling from recent events and global developments. In early 2021, it was reported that the crackdown on corruption helped to boost the country's forex reserves to approximately $60 billion. Moreover, the crude oil price fluctuations have also had an impact on how the Iraqi Dinar is performing on the global markets, particularly relative to some of the strongest currencies on the markets, such as the USD, CAD, EUR and JPY. Given that Iraq relies on oil to fund nearly all of its state budget, according to reports, the country remains invested in the demand for it and its pricing, as it could either make or break all the efforts and initiatives that are currently being implemented to strengthen and revive the country's economy and currency.
  3. SULAIMANI — A source from Kurdistan Regional Government’s (KRG) Ministry of Finance told NRT that Iraq’s federal government has transferred a stipend of 200 billion Iraqi dinars ($137 million) to the KRG. The source spoke on condition of anonymity because the announcement has not yet been made public by the KRG. On Sunday, KRG Spokesperson Jotiyar Adil said that the stipend had not yet been sent because of technical issues. The stipend is not a part of the 2021 Federal Budget Law, which has not been fully implemented because of persistent disagreements between Erbil and Baghdad over oil and customs income. Rather, it is based on side deal between the KRG and Prime Minister Mustafa al-Kadhimi that went into effect in July. The KRG has said that it is only able to pay full public sector salaries because of the stipend. It had been either missing monthly salary payments entirely or cutting them by nearly a quarter between March 2020 and July 2021. Public servants at some ministries have not yet been paid the September salary disbursement, which was supposed to be given out to employees starting on September 25. Ensuring that public servants are paid is critical to the electoral campaigns of the ruling parties in the Kurdistan Region. Voters go to the polls on October 10 to elect members of the Council of Representatives. (NRT Digital Media)
  4. Kurdistan Region announces receiving 200 billion dinars from the federal government in Baghdad Posted 2 hours ago Add a comment news source / Source of the news / Sky Press Sky Press /https://iraqakhbar.com/3318709 Today, Monday, the Ministry of Finance in the Kurdistan Region announced that it had received 200 billion dinars from the federal government in Baghdad. The ministry said in a statement, that within the framework of the existing agreement between the Kurdistan Regional Government and the federal government, an amount of 200 billion Iraqi dinars arrived in the region today. According to the ministry’s statement, “the agreement concluded between Baghdad and Erbil stipulates that the federal government will send an amount of 200 billion dinars until the end of this year as an advance until the completion of the audit of the region’s imports by the Federal Oversight Committee.”
  5. Central Bank of Iraq @cbiraq · Sep 26 The Central Bank of Iraq offered the first issuance of (Binaa) bonds of two categories (500,000) dinars (five hundred thousand dinars) with annual interest (6%) for two years, and (1,000,000) dinars (one million dinars) with annual interest (7%) for four years. The Central Bank confirmed that the purchase of these bonds will be through authorized banks
  6. exchange rate Monday 27 September 2021 198 Mustafa Mohamed Ibrahim https://alsabaah.iq/55099/سعر-الصرف There is talk at the present time, whether in the academic, professional or market circles, that the exchange rate will return to what it was, i.e. to 1200 dinars per dollar, after the end of the elections period or after the approval of the budget for the year 2022 by the next Legislative Council (Parliament) However, these propaganda have two impacts on the economic situation in the country. First, the citizen will be greatly affected when this news is promoted through his income and how his money will be used in the future, so waiting is the decision taken by the government. Kiss. The second is the economic stagnation that occurs in the market as a result of news like this, the goals of which are known to most citizens, especially about two weeks away from holding the parliamentary elections, after which the issue of the exchange rate is closed in a manner Final. The budget for the year 2022, which is in the corridors of the Ministry of Finance, initially, so far, confirms that the exchange rate is 1450 dinars per dollar, which indicates that there is complete independence of monetary policy, which means that monetary policy continues to achieve its development goals to control the market, and that any amendment In the exchange rate again and in a close time, it will lead to an unfavorable economic situation its aftermath. Despite all this, pressure continues on the Central Bank of Iraq and continues to bear public financial lapses, and this builds on the continuation of the economic crises of this country, which has not stabilized and improved economically since a year 2003. The first objective of monetary policy is to achieve exchange rate stability, and this is what monetary policy achieved during the previous and current periods, in order to stabilize the market and maximize foreign reserves, so monetary policy turned to development goals through the housing initiative and support the health sector in light of the global epidemic as well as supporting developments and technologies Electronic banking work through the financial inclusion program, as well as financial and banking services provided to the customer to complete financial transactions as soon as possible Maybe. In conclusion, the only determinant and controller of the exchange rate remains monetary policy, because it is the supreme goal of the Central Bank of Iraq, which achieves price stability in the market. Personal, and does not want to reform the economic situation in the future, which is awaited by future generations, in an economically prosperous Iraq that achieves sustainable development goals through the modern banking industry and keeps pace with global technological developments that characterize international banks.
  7. exchange rate https://economy-news.net/content.php?id=26426 Articles Mustafa Mohamed Ibrahim Mustafa Muhammad Ibrahim There is talk at the present time, whether in the academic, professional or market circles, that the exchange rate will return to what it was, i.e. to 1200 dinars per dollar, after the end of the elections period or after the approval of the 2022 budget by the Legislative Council { Parliament} next, but these propaganda have two impacts on the economic situation in the country. First, the citizen will be greatly affected when this news is promoted through his income and how his money will be used in the future, so waiting is the decision taken by him. The second is the economic stagnation that occurs in the market as a result of news like this, the goals of which are known to most citizens, especially about two weeks away from holding the parliamentary elections, after which the issue of the exchange rate is closed once and for all. The budget for the year 2022, which is in the corridors of the Ministry of Finance, initially, so far, confirms that the exchange rate is 1450 dinars per dollar, which indicates that there is complete independence of monetary policy, which means that monetary policy continues to achieve its development goals to control the market, and that any amendment In the exchange rate again and sooner or later, it will lead to an economic situation that has no negative consequences. Despite all this, pressure continues on the Central Bank of Iraq and continues to bear public financial lapses, and this builds on the continuation of the economic crises of this country, which has not stabilized and improved economically since 2003. The first objective of monetary policy is to achieve exchange rate stability, and this is what monetary policy achieved during the previous and current periods, in order to stabilize the market and maximize foreign reserves, so monetary policy turned to development goals through the housing initiative and support the health sector in light of the global epidemic as well as supporting developments and technologies Electronic banking work through the financial inclusion program, as well as financial and banking services provided to the customer to complete financial transactions as quickly as possible. In conclusion, the only determinant and controller of the exchange rate remains monetary policy, because it is the supreme goal of the Central Bank of Iraq, which achieves price stability in the market. Personal, and does not want to reform the economic situation in the future, which is awaited by future generations, in an economically prosperous Iraq that achieves sustainable development goals through the modern banking industry and keeps pace with global technological developments that characterize international banks. Views 141 Date Added 09/27/2021
  8. + - SULAIMANI — Iraq’s Ministry of Oil said on Sunday (September 26) that the Kurdistan Regional Government (KRG) should hand over 250,000 barrels of oil per day or its cash equivalent to the federal government at the price set by the country’s oil marketer SOMO. The KRG and the federal government have been locked in a long-standing dispute over oil revenue and the federal budget. Under the 2021 Federal Budget Law, which passed the Council of Representatives this spring, Erbil is required to send 250,000 barrels of oil or its monetary equivalent to Baghdad in return for its budget share. The KRG has refused to send any oil or money and so the federal government has withheld budget transfers. A side deal has sent 220 billion Iraqi dinars ($137 million) per month to pay public salaries, but both sides are clear that this stipend is not part of the budget. Oil minister Ihsan Abdul-Jabbar also told the state-owned Iraqi News Agency (INA) that once the KRG comes into compliance with the budget, SOMO will send all required files and documents to the Ministry of Finance to record the amount of income the KRG should receive. Abdul-Jabar added that the federal government has reached an agreement with the KRG’s Minister of Natural Resources Kamal Altrushi to send one million liters of regular gasoline a day to the Region in order to combat local shortages. (NRT Digital Media)
  9. ERBIL, Kurdistan Region - Iraq on Wednesday held a US-funded finance conference to discuss economic policy and the promotion of electronic banking services across the country, as well as providing broader business opportunities in the financial sector. Several officials, including the US ambassador, were among the attendees. The two-day Iraq Finance Expo was opened at Baghdad’s Al Rasheed Hotel on Wednesday, in coordination with the Central Bank of Iraq (CBI) and the Ministry of Finance, to allow access to new business opportunities in financial and banking sectors as well as financial technology and digital transformation in the country. Iraq’s White Paper, a series of economic reforms introduced by the government in October, “identifies Iraq’s oil-dependent state-dominated command economy and weak private sector as central economic problems,” Ambassador Matthew Tueller said during the conference, reaffirming the US assistance to Iraq in its journey of rebuilding itself from years of war. In the financial sector, the monopoly of Rasheed and Rafidain bank, and Trade Bank of Iraq “which holds 85% percent of deposits” was identified as an issue by the US official. The Iraqi Central Bank announced in early February that it has given permission for a “first of its kind” electronic banking service to be rolled out across the country over the next few years. The new service seeks to revolutionize the way Iraqis spend money by providing an alternative to the cash economy currently prevalent across the country. Similar projects as part of a growing financial technology industry have been hugely successful across the world in countries where the cash economy was entrenched. In Kenya, M-Pesa, a mobile phone-based money transfer, payments, and financing service launched in 2007 has expanded into neighboring countries. However, the Iraqi banking system riddled with bureaucracy only allows for citizens to open bank accounts in person and only after offering documents and going through a cumbersome process. Only 23 percent of Iraqi households have access to an account at a financial institution, one of the lowest levels in the Arab world, according to data from the World Bank. Most companies in Iraq still operate in cash, with only 26 percent using the formal banking system. Roughly 98% of employers pay in hard currency and nearly half pay their suppliers that way.
  10. SULAIMANI — Spokesperson for Iraq's federal government Hassan Nazim said on Monday (September 6) that the price of US dollar against Iraqi dinar will be fixed at the current price in the draft 2022 Federal Budget Law and does not change. Nazim told state-owned al-Sabah newspaper that the devaluation of Iraqi dinar is an idea that has been discussed for years. He said that the former government did not dare to take this step because of the risks and controversies around it, adding that Prime Minister Mustafa al-Kadhimi’s cabinet was bold in taking this decision as it was in the interest of the country’s economy. $100 was at 147,550 Iraqi dinars as of Monday afternoon. Iraq devalued the dinar significantly as a part of the 2021 Federal Budget Law to 1,450 Iraqi dinars per US dollar. It was designed to preserve Iraq’s dollar reserves and allow the government to spend more Iraqi dinars. On March 24, Director at Iraq’s Central Bank Mahmud Dagher said that the price will be fixed at the current price for the next four years. (NRT Digital Media)
  11. SULAIMANI — Iraqi Prime Minster Mustafa al-Kadhimi told NRT on Thursday (September 2) that the federal government will continue to send monthly transfers of 200 billion Iraqi dinars ($137 million) to Kurdistan Regional Government (KRG) until after the October 10 parliamentary elections and the formation of the new government. Two transfers have been made so far, which the KRG says has allowed it to make full salary payments to public servants for the first time since early 2020. The failure of the KRG to pay salaries was the source of major public frustration. The transfers are not part of the 2021 Federal Budget Law, which has still not been fully implemented with regard to the Kurdistan Region, but is the result of a political deal between Kadhimi and KRG Prime Minister Masrour Barzani. "There is negligence on both sides and there is a need for a quick solution," Kadhimi said in response to a question from an NRT reporter. Regarding electoral preparations, Kadhimi said that the government has allocated special funds to ensure that voting runs smoothly, enabling free and fair elections. (NRT Digital Media)
  12. A parliamentarian is likely to hold today's session with a full quorum Policy 2021-08-29 | 08:11 1,136 views Member of Parliament, Jamal Fakher, suggested, on Sunday, that the quorum would be completed to hold today's parliament session and to complete voting on the laws on the agenda. Fakher said in an interview with Alsumaria News, "The presence of parliament members is still ongoing, and it currently exceeds 140 deputies from all political blocs, and there is a clear desire from parliamentarians to complete a quorum, hold the session and vote on the laws listed on the agenda." Fakher added, "The situation is critical and there are many important obligations and laws that must be completed at this stage, especially with the approaching end of the current session and the holding of elections next October," stressing "the importance of activating the parliament's role in the remaining phase of this session to deliver a positive message to the street". https://www.alsumaria.tv/news/سياسة/394944/برلماني-يرجح-عقد-جلسة-اليوم-بنصاب-مكتمل
  13. Finance discusses setting spending ceilings within the 2022 Maronites Economie 2021-08-29 | 08:24 1,146 views Today, Sunday, the Ministry of Finance discussed setting spending ceilings within the framework of the Maronites for the year 2022, in addition to discussing the issue of public debt and determining loan ceilings. The ministry said in a statement, received by Alsumaria News, that Minister Ali Abdul-Amir Allawi "chaired today the meeting of the twentieth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024, and in the presence of the Prime Minister's advisors and the undersecretaries of the ministries of finance and planning, and a consultant Ministry of Finance And the head of the General Authority to monitor the allocations of the federal ministries and the head of the General Authority Retirement and a number of related general managers. The meeting discussed, according to the statement, "a number of basic topics, including setting spending ceilings before Ministry of Finance Within the framework of the Maronites of the year 2022, in addition to discussing the issue of public debt and determining loan ceilings, including ongoing loans, and following up.” The meeting also witnessed “the completion of the study of the mechanism for applying the proposed budget model and discussing ways to prepare and implement the federal budget for the next year according to the determinants of the current economic reality and in line with the reform trend Which is adopted by the Iraqi government, which aims to prepare a qualitative budget that depends in essence on performance and productive programs to be followed. In another context, during the session, "discussions of assignments were held General AuthorityTo retire within the next year’s budget and to emphasize the support of the Pension Fund to ensure the provision of the best pension services to a wide segment of Iraqi society.” Allawi stressed, “the importance of initiating the preparation and implementation of the draft budget in accordance with the prepared strategic plans that support the reform paths that are in the interest of the national economy and give priority to projects.” The strategy implemented through development loans. https://www.alsumaria.tv/news/اقتصاد/394945/المالية-تناقش-تحديد-سقوف-الإنفاق-ضمن-موارنة-العام
  14. On August 28, 2021, the Iraqi capital, Baghdad, hosted the (Baghdad Conference for Cooperation and Partnership) at the level of leaders and presidents to support Iraq and discuss challenges, common issues and future prospects. The participants expressed their thanks and appreciation for the efforts of the Republic of Iraq in holding and sponsoring this conference with the participation of leaders and presidents of the region and allied countries, and expressed their support for the Iraqi government and people, and stressed the need to unify regional and international efforts in a way that positively reflects on the stability and security of the region. Where the attendees appreciate the efforts of the Iraqi government in the context of achieving economic reform in a way that secures sending positive messages that encourage investment in various sectors, benefit everyone, create an appropriate economic environment, and enhance the process of sustainable development and job creation. The participants emphasized support for the efforts of the Government of the Republic of Iraq in the reconstruction, provision of services, infrastructure support and strengthening the role of the private sector, as well as its efforts in dealing with the file of the displaced and ensuring the voluntary and dignified return to their areas after turning the page on terrorism. In turn, Iraq expressed its gratitude and appreciation for this active presence of leaders of brotherly and friendly countries, foreign ministers, regional and international organizations and diplomatic missions participating and monitoring in the Baghdad Conference for Cooperation and Partnership.
  15. Baghdad sends 200bn IQD transfer to Erbil for August A pile of Iraqi dinar banknotes (File) PM:02:01:29/08/2021 SULAIMANI — The federal government sent a monthly cash transfer of 200 billion Iraqi dinar ($137 million) to the Kurdistan Regional Government (KRG) on Sunday (August 29) for the second time since July, a source from the KRG Ministry of Finance told NRT. Under an agreement with Prime Minister Mustafa al-Kadhimi, the KRG began to receive a monthly stipend of 200 billion dinars per month in July. The agreement, however, does not resolve major budget disagreements between Erbil and Baghdad, which have prevented the implementation of the 2021 Federal Budget Law. KRG officials are keen to note that the stipend is not the Region’s budget share. During 2020, the KRG struggled to pay its employees, missing five monthly disbursements entirely and cutting four others by nearly a quarter. Government employees had their pay cut by twenty-one percent during the first six months this year. Workers were paid in full in July for the first time in more than a year. The KRG began distributing public sector salaries in full on August 25, even before receiving the transfer from Baghdad. The salary cuts have had a significant effect on the economy of the Kurdistan Region because of the KRG’s role as the Region’s most important employer. (NRT Digital Media)
  16. al-ahed news publishes the most important points of the final statement of the baghdad conference https://alahadnews.net/229560/العراق/السياسية/ Author: AhadNA3 On 08/28/2021 - 5:44 PM 61 The Baghdad Conference for Cooperation and Partnership held in Iraq, which was held with the participation of nine countries, namely Egypt, Iran, Saudi Arabia, Jordan, Qatar, UAE, Kuwait, Turkey and France, issued its final statement, of which Al-Alam channel obtained a copy. In the statement, the participants stressed the need to unify regional and international efforts, which would positively reflect on the stability and security of the region, while they welcomed the Iraqi diplomatic efforts to reach a common ground with the regional and international surroundings. He added, that Baghdad's embrace of this conference is a clear evidence of Iraq's adoption of a policy of balance and positive cooperation in its foreign relations. The participants renewed their support for the efforts of the Iraqi government in strengthening state institutions and holding elections that represent the Iraqi people. They also renewed their support for the efforts of the Iraqi government in strengthening state institutions and holding elections that represent the Iraqi people. The statement continued, that the participants recognized that the region faces common challenges that require dealing with them on the basis of common security and mutual interests. The participants emphasized support for the efforts of the Republic of Iraq in the reconstruction and provision of services and infrastructure support. The participants praised Iraq's great efforts and sacrifices in its war on terrorism, reiterating their rejection of all forms of terrorism. The statement indicated that the participants stressed the need for continued cooperation in confronting the Corona virus pandemic through the exchange of experiences and the transfer of successful experiences. The final statement pointed out that, "It was agreed on the need to unify efforts to deal with the challenges arising from climate change and global warming."
  17. Emmanuel Macron @EmmanuelMacron · 2h Government official - France Fight against terrorism, support structuring regional projects and real responses to the challenges of the Middle East. All of this can only be done together. The Baghdad Conference is historic. It is already a victory in itself. A new cooperation was born
  18. Al-Kazemi succeeds in the mission.. A regional and international consensus to support Iraq and welcome its upcoming elections politics , 2021/08/28 22:34 , the number of readings: 54 http://iraqtoday.com/ar/news/53932/الكاظمي-ينجح-في-المهمة--اجماع-اقليمي-ودولي-على-دعم-العراق-وترحيب-بانتخاباته-القادمة?latest Baghdad-Iraq today: The conference of Iraq's neighboring countries was launched in the capital, Baghdad, in which 9 countries, most of them from Iraq's regional neighborhood, and Arab and international organizations participate, and discuss economic cooperation and political files of interest to the region. The Prime Minister of Iraq, Mustafa Al-Kazemi, opened the activities of the conference, with a speech in which he stressed the importance of restoring normal life in all Iraqi cities, reiterating his request from the international community for the necessary support to complete and monitor the early elections, scheduled for next October. He added, "There is no return to wars and tense relations with neighbors. What unites the peoples of this region is greater than what divides them." He pointed out that "terrorism is trying to find a foothold," adding: "But we are constantly eliminating its attempts." In his speech, French President Emmanuel Macron said that his country "will remain committed to the side of the Iraqi forces," noting that "terrorism still exists in Iraq and Syria and we must stay to combat it." He stressed that combating terrorism means restoring stability to the areas that have suffered from it, and said: "We will guarantee the stability of Iraq if we guarantee the rights of all." Macron pointed out that missions from the European Union and the United Nations will monitor the upcoming Iraqi elections. As for Jordan's King Abdullah II, he said that support for Iraq is "a priority for all." He added, "Our meeting today is evidence of Iraq's central role in building bridges and rapprochement." He pointed out that "the security and stability of Iraq is part of the security and stability of the entire region." In his speech, the Emir of Qatar, Sheikh Tamim bin Hamad, praised Iraq's ability to play an active role in building peace in the region, pointing out that "from this standpoint, we announce our full support for it." He pointed out that "the region is going through challenges and crises that pose a threat to international peace and security." He expressed his regret over what Iraq has suffered in recent years, which has prevented the investment of its capabilities, pointing out that Qatar will continue to support and support Baghdad to achieve a comprehensive renaissance. The Emir of Qatar called on the international community to "provide support to Iraq to achieve security and stability," noting that "the security and stability of Iraq is part of the security and stability of the rest of the countries in the region." As for Egyptian President Abdel Fattah El-Sisi, he revealed his desire to launch a new phase of cooperation with Iraq, pointing out that "the brothers in Iraq have a determination to achieve lofty goals." He pointed out that "Egypt is looking with great interest to the achievements made in Iraq through the Al-Kazemi government," declaring its rejection of "all attacks and interference in Iraqi affairs and transgression on its lands." He indicated his desire to implement joint projects in accordance with the cooperation mechanism with Jordan and Iraq. Al-Sisi sent a message to the Iraqis, saying: "You are an ancient nation, build your future and the future of your children, and participate in choosing who will lead you to safety." In his speech, Prime Minister Sheikh "Sabah Khaled Al-Hamad Al-Sabah" expressed his country's support for Iraq to hold the parliamentary elections on time, pointing out that they are "pivotal" at this time. He pointed out that the region will not enjoy stability as long as Iraq lacks it. He reiterated Kuwait's rejection of foreign interference, and called for respect for Iraq's sovereignty and stability. Al-Sabah indicated that his country's relations with Iraq are moving towards a more comprehensive horizon, expressing his aspiration for the effective participation of the Kuwaiti private sector in the reconstruction of Iraq. As for Turkish Foreign Minister Mevlut Cavusoglu, he stressed the importance of Iraq not being an arena for competition between powers, but rather for cooperation and partnership. He said that his country is ready to provide support to Iraq to confront terrorist organizations, and to cooperate with countries in the region to enhance Iraq's stability. Cavusoglu indicated Turkey's readiness to assist in the reconstruction of Iraq by implementing vital projects. Before he renewed his rejection of the presence of the PKK on the territory of Iraq. As for Saudi Foreign Minister Prince Faisal bin Farhan, he said that "what the region is witnessing requires raising the level of coordination," reiterating Riyadh's support for Iraq and working on everything that preserves its security and stability. He said that the Kingdom's diplomacy is based on supporting peace, reducing conflicts and dialogue, pointing out that they are continuing to coordinate with Iraq and countries in the region to combat extremism and terrorism, adding: "We support Iraq's stability and territorial integrity, and we are also committed to supporting development." In his speech, Iranian Foreign Minister Hossein Amir Abdollahian called on the countries of the region to support the security and stability of Iraq, pointing out that his country was the first in the region to recognize the new Iraq. He said that Iraq plays an important role in the region and Iran, which motivates everyone to show solidarity with it and develop it. Abdullahian stressed that "achieving peace in the region must be through dialogue between everyone, away from foreign interference," noting that "the Americans will not bring security and peace to the peoples of the region." The Iranian foreign minister indicated that "our new government will work to strengthen relations with neighboring countries," and said, "Our new foreign policy will be balanced and effective." Representatives of the permanent members of the UN Security Council, namely the United States, Russia, China, France and the United Kingdom, will participate in the Baghdad Summit. The European Union, the Group of Twenty countries and the Gulf Cooperation Council will also participate. The "Cooperation and Partnership" conference will discuss files related to expanding economic partnerships, combating terrorism, supporting reconstruction projects in Iraq, and expanding cooperation between it and neighboring countries
  19. The International Development Bank occupies the first place at the level of banks in Iraq 2021-08-28 | 11:16 https://www.alsumaria.tv/news/اقتصاد/394519/مصرف-التنمية-الدولي-يحتل-المركز-الاول-على-مستوى-ال 3,095 views The International Development Bank occupies the first place at the level of Iraqi banks according to the classification of assets and the volume of deposits and banking facilities by the Future Iraq Foundation. Iraq Future Foundation issued the report for the first half of 2021 within a comprehensive analysis of the financial statements of the Iraqi private banks as a whole in terms of total assets, total customer deposits, total credit facilities and the value of property rights with the growth rates achieved at the level of each bank. The International Development Bank topped the list of Iraqi banks with the highest value of assets, reaching more than (1.32 trillion dinars), with a growth rate of 19.71%, meaning that the bank acquired about (10.61%) of the total assets of the banking sector as a whole, in addition to achieving growth in customer deposits. It amounted to 16.6% to reach (866) billion Iraqi dinars, as the bank acquired a rate of (16.28%) of the total deposits of the banking sector, and the total credit facilities amounted to (441) billion Iraqi dinars, with an annual increase of 19%, where this percentage constituted (14.54). %) of the total credit facilities granted by private Iraqi banks. This report comes to translate the distinguished achievements and results that the International Development Bank continues to achieve and the tireless efforts made by the Bank's senior management at the level of hard work to achieve the best desired results and to be added to the important achievements it achieves from time to time. It is noteworthy that the International Development Bank was established in 2011 and operates through 18 branches across the world Iraq and two representative offices in Lebanon And the United Arab Emirates, in addition to an expansion plan for branches to reach 25 branches by the end of 2021. The bank also uses the latest banking systems and technology, and the bank was a pioneer in obtaining the main membership from international payment companies Visa MasterCard, which contributed to the acquisition of a large share of the volume of localization of salaries of public and private sector employees and the installation of more than 250 ATMs worldwide. Iraq In addition to his recent contract to buy 300 new CBM ATMs and expand by publishing more of them, in addition to obtaining a large market share in Iraq Of the total commercial finance and comprehensive banking operations, he also won many international awards and recently received a global credit rating from Capital Intelligence for credit ratings with a rating of BB - similar to Arab and regional banks.
  20. Al-Kazemi: The Baghdad conference embodies Iraq's vision to establish the best relations with the world https://almasalah.com/ar/news/214316/الكاظمي-مؤتمر-بغداد-يجسد-رؤية-العراق-لاقامة-أفضل-العلاقات-مع-العالم Baghdad / Obelisk: The obelisk publishes the most prominent statements that Iraqi Prime Minister Mustafa Al-Kazemi spoke during the Baghdad conference: Al-Kazemi welcomes the countries participating in the Baghdad conference Al-Kazemi: Iraq has faced great challenges in various fields Al-Kazemi: The holding of the Baghdad conference embodies Iraq's vision for the necessity of establishing the best relations with the world Al-Kazemi: We pledged before the people to restore Iraq's leadership role Al-Kazemi: Iraq refuses to use its territory for regional and international conflicts Al-Kazemi: We reject Iraq as a starting point for threatening any party Al-Kadhimi: The Iraqi people have defeated ISIS with international help Al-Kazemi: We have seen international seriousness in supporting investment in Iraq Al-Kazemi: We opened the door to receive investment companies Al-Kazemi: We hope to achieve economic partnerships in the Baghdad conference Al-Kazemi: We hope to achieve economic partnerships in the Baghdad conference Al-Kazemi: Al-Sistani’s meeting with the Pope represents a qualitative leap in tolerance and brotherhood Al-Kazemi: We seek to activate projects and restore life in all cities of Iraq Al-Kazemi: We asked the international community to support the October elections Al-Kazemi: We received international support to hold the October elections Al-Kazemi: There is no return to non-democratic paths Continued obelisk
  21. 2021/08/28 16:42 Jordan looks forward to strengthening economic and trade relations with Iraq https://almasalah.com/ar/news/214331/الاردن-تتطلع-لتعزيز-العلاقات-الاقتصادية-والتجارية-مع-العراق-من-خلال-الاتفاقات Baghdad / Obelisk: The President of the Republic, Barham Salih, received, Saturday, August 28, 2021, King Abdullah II, King of the Hashemite Kingdom of Jordan. During the meeting, they discussed the deep bilateral relations that bring together the two neighboring countries, as the importance of strengthening them in various fields was emphasized through bilateral agreements, as well as through tripartite cooperation with Egypt, where it was noted that this cooperation is important and serves the whole region through achieving economic and commercial integration By supporting investment and cooperation in the sectors of energy, electrical interconnection, oil transportation and infrastructure projects. During the meeting, regional developments were discussed, as the importance of the Baghdad Conference for Cooperation and Partnership was emphasized in enhancing cooperation, overcoming crises and moving towards security and stability in the region as a priority for all. It promotes a better life for all the people of the region. He added that Iraq's balanced relations aim to achieve security and stability in the region, and that Iraq's role in this is important and pivotal, and its security and stability must be ensured, which will reflect positively on everyone, and establish broader horizons based on peace and moving towards economic interconnections. For his part, King Abdullah expressed his happiness to visit Baghdad again, praising the growing joint relations, and once again his country's support for Iraq in maintaining its security and stability, and looking forward to strengthening economic and trade relations through the aspirations set in this regard, by strengthening the agreements concluded between the two sides.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.