Articles 11-09-2014

Butifldrm · November 9, 2014

Special / second Karkh court warrant Maliki ordered the protection and stapes in the case, "Munir Haddad"

BAGHDAD - Iraq Press - November 9: political source revealed early on Sunday, said the lawsuit former judge, Munir Haddad, filed in the Second Court of Karkh, against the former prime minister, Nouri al-Maliki, has been considered, as has been ordering call The last to appear before it.

The source told / Iraq Press / "The second Karkh court issued an order to call the vice president, Nouri al-Maliki, and former secretary, Kata stapes (Abu Mujahid) and Maj. Gen. Jawad, commander of the protection of al-Maliki to consider the complaint filed against them by Judge Munir Haddad."

The source of the one who preferred anonymity,one of the opponents of the owners in the Shiite House, said, "This case is the first brought against al-Maliki in Iraqi courts after his accession to the post of Vice President of the Republic", adding that "the case will be the first to raise a number of issues other subsequent criminal plans against him and his opponents that opened in the competent courts, especially since the position of vice president, who now occupied by al-Maliki does not give him immunity from legal accountability to the courts. " Admiral ended

http://www.iraqpressagency.com/ar/archives/104235

Source: enter the actual amendments to the accountability and justice law to include some Baathists out of Iraq

BAGHDAD - Iraq Press - November 9: detecting high-level Musdrovernma, on Sunday, he had already been modified, and the issue of justice is currently in the Accountability Act.

The source told / Iraq Press / "The prime minister, Haider al-Abadi, a request from the Justice and Accountability Commission to amend the law, which is facing a political disagreement between the blocks since the previous Maliki government," adding that he "has been modified effectively and will be presented to the leaders of political blocs and then sent to the legal parliament to review it to be sent then to the Presidency and asked to read and vote on it. "

The source continued, asking not to be named, saying that "the amendment, which has been on the Justice and Accountability Law was the result of the national document that has been agreed upon between the blocs, such as the formation of the government will be significantly different from the previous law, which has seen many disputes will involve a lot of parties, including Baathists from the first generation outside Iraq, "according to his assertions. Admiral ended

http://www.iraqpressagency.com/ar/archives/104215

09/11/2014 09:35

Jaafari block: the vote on the presidencies of the permanent parliamentary committees in Tuesday's session

BAGHDAD / obelisk: MP called on the National Reform Bloc honest we hinted, on Sunday, members of the House of Representatives to approve the broken laws, while noting that the vote on the presidencies of the permanent parliamentary committees will be during the next parliamentary session scheduled for Tuesday.

The Presidency of the Council of Representatives decided, (Saturday November 1), lifting the 26th meeting of the Council to (Tuesday November 11) after a recommendation to dissolve the Committee displaced labor law and read the first reading.

He said we hinted a deputy from the Bloc, led by Foreign Minister Ibrahim al-Jaafari, said in a statement received "obelisk", a copy of which, "The resolve the issue once and for all committees will have importance in terms of legislation and the adoption of important laws broken."

He demanded we hinted the political blocs "to expedite the resolution of the presidencies of the standing committees and the adoption of laws broken," likely to "vote on the presidencies of the permanent parliamentary committees in the next parliamentary session scheduled for next Tuesday."

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09/11/2014 12:28

Specialists: local banks were not affected by the security situation and growing by 10%

BAGHDAD / obelisk: Despite the extraordinary security conditions experienced by the country during the last few months, but the local banks experiencing ongoing activity and an increase in financial deposits and growing up rate of more than 10% during the third quarter of the current year, according to experts and specialists in the financial and banking affairs, where Benoit that private banks have fully prepared in the financing of small and medium enterprises and contribute to the promotion of economic development, calling for the federal government to deal with private banks and encourage them to actively contribute to the financing of investment projects of the country .

Expert in financial and banking affairs Mohsen Ali, confirmed that "local banks experiencing continuous growth during the past period and began to work as true and introduced in the work of some advanced systems, which encouraged customers to deposit their money and increase their confidence in them," adding that "enhance mutual trust between banks and customers an important factor for the development of the work of local banks . "

Ali said that "recent data released by the Association of Iraqi banks indicated the presence of significant growth in the activity of banks in the third quarter of the current year 2014, reaching a growth rate of more than 10%, and this is a good proportion of what is going through the country from the difficult security conditions and military operations ongoing . "

Ali revealed, for "the intention of some of the Iraqi private banks to open branches in some of the neighboring countries in the region and, particularly after the development of their work and increase their profits," calling on the government to "deal with private banks to contribute to the financing of investment projects of the country . "

For his part, said Executive Director of the Association of private banks Abdul Aziz Hassoun to: "The private banks grew by 15% in the last year, and we expect that in the current year growth up to more than 15%," unlikely "impressed by the work of local banks, the security situation of the country . "

Hassoun said that "the private banks are willing to contribute to the financing of small and medium-sized enterprises, because of their large financial assets after increasing financial deposits where", stressing that "the government should strengthen confidence in banks civil and deal with them in the financing of projects and the granting of loans . "

He called Hassoun, the government and the House of Representatives to the need for legislation Iraqi Banking Act because of its great importance in local banks to support and develop . "

For his part, saw the financial expert, Nazim nice Ani, that "private banks need to be real and effective support by the Iraqi state, especially from the Iraqi Central Bank, on their affairs," noting that "it is through the amendment of the Banking Act, which is unfair because he missed a lot opportunities to Iraqi banks and the size of its work and its evolution . "

He called Ani, to "allow the government departments develop financial deposits in private banks," returned that "it contributes to moving the financial activity and revive the domestic market . "

He said financial expert, that "the availability of deposits constitutes a powerful leverage for any bank," explaining that "deposits held by banks constitute the ratio of cash liquidity, which is essentially a high liquidity should be reduced through the launch of new loans to citizens what contributes to move money and directing them to serve the country's economy".

Ani and stressed the importance of "private sector support by increasing loans to small and medium-sized projects, and to facilitate the task of the owners to provide new income for them, and create more jobs, as a result, the national economy revives . "

Islamic banks in Iraq, announced earlier, the establishment of the association meets the current stage through which the requirements of the country's economy, and the importance of Islamic banking in addition to support small and medium enterprises to tackle unemployment and the provision of services to beneficiaries .

A member of the International Union of Arab Bankers and Managing Director of the Islamic National Bank Sadiq al-Shammari, said in a statement, "The Islamic banking now has a broad base despite the recent activity in Iraq and has achieved success in terms of its spread in the provinces," noting that "the Iraqi society has considerable experience in the field activation of small and medium enterprises, something which will help Islamic banks to raise the possibilities of investment portfolios for all banks to provide the necessary loans in line with the objectives of expanding the banking service Islamic private and conservative lending for Islamic banks to stimulate the students excellence in universities and the owners of small and Crafts laboratories up to 25 billion dinars (about $ 22 million) as part of its program to achieve social and developmental responsibility . "

He Shammari for "hope that holds the Islamic Association of Banks They include nine banks as well as Islamic windows in the Rafidain and Rasheed Bank Mesopotamia, achieve a better level of performance based on Islamic banking in Iraq in addition to the goal of communicating with its counterpart in the world, has become widespread in 57 State and attracted assets of more than $ 3 trillion is currently available in more than 600 bank in the world which constitutes an annual growth rate exceeding 30 percent of the market share of the banking business, which confirms that the Islamic finance operations has become attracting more attention from the international community and his investment . "

Iraq has 56 banks, six of which government is Mesopotamia, rational, real estate, industrial, agricultural, trade TBI , and 30 regional banks and 20 Arab or foreigner.

http://almasalah.com/ar/news/41117/%D9%85%D8%AE%D8%AA%D8%B5%D9%88%D9%86-%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A%D8%A9-%D9%84%D9%85-%D8%AA%D8%AA%D8%A3%D8%AB%D8%B1-%D8%A8%D8%A7%D9%84%D9%88

Edited November 9, 2014 by Butifldrm

Butifldrm · November 9, 2014

I ran a search and could not find where this IMF report had been posted

REGIONAL ECONOMIC OUTLOOK

Mideast Sees Fragile Recovery Amid Conflicts and Transitions

IMF Survey

October 27, 2014

The Middle East and North Africa region continues to experience lackluster growth for the fourth year in a row, the IMF said in its latest regional assessment.

The IMF’s Regional Economic Outlook, released on October 27, projects growth to increase slightly to 2.6 percent this year (see table). Growth could pick up in 2015 if security conditions improve.

“Intensifying security problems, including from the deepening conflicts in Iraq and Syria, pose downside risks to the outlook. The regional economic impact has been limited so far, but an estimated 11 million of displaced persons are already putting pressure on budgets, labor markets, and social cohesion in neighboring countries,” said IMF Middle East Department Director Masood Ahmed who unveiled the report in Dubai.

“The region needs sustained, stronger and more inclusive growth to markedly reduce unemployment—a critical issue facing nearly all countries in the region,” Ahmed added.

Oil-exporters need a new growth model

The IMF expects overall growth of the region’s oil exporters to remain subdued at 2.5 percent this year owing to the deterioration of security conditions, mainly in Iraq and Libya. Growth could pick up next year, but a possible further deterioration in security conditions in Iraq, Libya, or Yemen, could deepen economic disruptions and derail the projected recovery.

The IMF cautioned that, on current fiscal policies, oil exporters’ fiscal surpluses are set to vanish by 2017 and noted that all countries outside the Gulf Cooperation Council and Bahrain are running fiscal deficits already (see chart 1). The marked decline in oil prices by 20 percent over the last two months adds to fiscal risks.

“If oil prices stay at current lows for a prolonged period, oil exporters on aggregate could move from fiscal surplus to deficit already next year,” Ahmed told reporters. For countries that have buffers, it will be important to adjust their fiscal positions gradually to limit the drag on economic growth, he added.

Key reasons behind weakening fiscal and external balances are large energy subsidy and wage bills. These countries need to contain government spending to ensure fiscal sustainability and to bequeath future generations an equitable share of the resource wealth, says the report.

Oil exporting countries have been relying on a growth model that was dependent on growth of government spending on the back of rising oil prices. To transition to a more diversified, private sector-driven model, Ahmed said that countries of the Gulf Cooperation Council in particular would benefit from the following reforms:

• Encouraging the efficient production of tradable goods and services rather than activity in non-tradable sectors with low productivity growth;

• Reducing distortions in labor markets that foster the private sector’s reliance on foreign labor; and

• Improving the quality of education so that it better matches private-sector needs.

Priorities in countries outside the Gulf Cooperation Council include improving the business environment, addressing infrastructure bottlenecks, and enhancing private firms’ access to finance, says the IMF.

Oil importers need reforms to create jobs

The IMF highlighted some positive trends in the region’s oil importing countries. Exports, tourism, and foreign direct investment are gradually improving in some cases as political uncertainties ease.

In addition, many countries—most notably Egypt, Jordan, Mauritania, Morocco, Pakistan, Sudan, and Tunisia—have made progress in containing their energy subsidy bills. The objective has generally been to re-channel part of the savings to support growth and reduce poverty through better-targeted social safety nets and growth-generating investments in infrastructure, healthcare and education. Countries are also using part of the savings from subsidy reform to rein in fiscal deficits, says the report.

Nonetheless, the combination of deep-rooted socio-political tensions, structural bottlenecks, as well as spillovers from intensifying regional conflicts, has been holding back growth from reaching the levels needed to reduce the prevailing high rates of unemployment, the IMF says.

Against this backdrop, the IMF expects economic activity in these countries to remain lackluster this year at about 3 percent, and to pick up to about 4 percent in 2015. However, this outlook still faces significant risks.

“Spillovers from regional conflicts, setbacks in political transitions, as well as lower-than-expected growth in key trading partners could undermine even the modest recovery that we are expecting for the region,” Ahmed said.

The report also cautioned that debt-to-GDP ratios are still rising and gross external financing needs for this group of countries are expected to reach $100 billion next year. The IMF urges many of the oil importing countries to maintain the reform momentum going forward to bring down high unemployment rates (see chart 2).

“For most people in the region, improvements in their living standards are not being felt yet as some reforms take time to bear fruit,” Ahmed told the conference. Building on the efforts underway would help ensure a sustainable public debt path and promote confidence in the future, which in turn would help boost growth and create job opportunities, he added.

The IMF emphasized that lasting improvements in medium-term growth and job prospects will require deep, multifaceted transformation to spark economic dynamism in the private sector, leading to higher growth potential, more jobs, and less inequity.

“To enable this transformation, policymakers should articulate and implement a bold and credible economic reform agenda that enjoys broad public support. Giving priority to reforms in the business environment, education, and labor market efficiency will be critical to boosting potential growth,” said Ahmed.

The report added that additional financing from the international community, a focus on capacity building, and enhanced trade access would support countries’ reform efforts and allow for more gradual and less painful macroeconomic adjustment. The Fund remains strongly engaged with the region through policy advice, financial support, and technical assistance.

http://www.imf.org/external/pubs/ft/survey/so/2014/car102714a.htm

So with this expected growth for Iraq, I wonder how Iraq is going to have the ability to pay the IMF 6 times the amount paid in 2014, in 2015

Description Schedule Date Total
Amount Due Net SDR Charges November 01, 2014 60,217 GRA Charges November 01, 2014 1,625,633 GRA Repurchase (SBA) December 11, 2014 37,137,500 GRA Repurchase (SBA) December 22, 2014 37,137,500 Total for the year 2014 75,960,850 GRA Repurchase (SBA) January 05, 2015 59,420,000 Net SDR Charges February 01, 2015 70,197 GRA Charges February 01, 2015 1,269,828 GRA Repurchase (SBA) March 11, 2015 37,137,500 GRA Repurchase (SBA) March 19, 2015 37,137,500 GRA Repurchase (SBA) April 02, 2015 59,420,000 SDR Assessments April 30, 2015 7,633 Net SDR Charges May 01, 2015 67,908 GRA Charges May 01, 2015 876,893 GRA Repurchase (SBA) June 22, 2015 37,137,500 GRA Repurchase (SBA) July 02, 2015 59,420,000 Net SDR Charges August 01, 2015 70,197 GRA Charges August 01, 2015 613,654 GRA Repurchase (SBA) September 22, 2015 37,137,500 GRA Repurchase (SBA) October 05, 2015 59,420,000 GRA Charges November 01, 2015 363,235 Net SDR Charges November 01, 2015 70,197 GRA Repurchase (SBA) December 22, 2015 37,137,500 Total for the year 2015 426,777,242

http://www.imf.org/external/np/fin/tad/extforth.aspx?memberkey1=460&date1key=2014-10-31&category=forth&year=2014&trxtype=repchg&overforth=f&schedule=exp&extend=y

Magda Tamimi reveal the amounts of Treasury for International Monetary sive attempts and retirement and banks

08/11/2014

BAGHDAD / JD / .. Finance Committee revealed the amounts raised for the Treasury couriers to the International Monetary Fund and government pension funds and banks as well take care of minors.

The temporary parliamentary Finance Committee member Magda al-Tamimi told / JD /: The Treasury will put remittances five directions, first 0.2 trillion and 99 billion dinars for the Special Drawing Rights by the IMF.

She added: secondly, will be allocated 2 trillion dinars for the issuance of treasury transfers to the pension fund, while the third will be allocated to the direction of the versions of treasury transfers from the Rasheed Bank, amounting to one trillion dinars.

It continued: Fourth, will be issuing treasury transfers from the Rafidain Bank at about one trillion dinars, and the fifth either direction will be allocated ten thousands of a trillion dinars for couriers to take care of minors Fund.

Tamimi called for the need to reduce the fiscal deficit through unnecessary pressure on points including deputations and Aldiavatt and incidentals.

For his part, member of the Independent Bloc MP Mohammed al-Shammari, that the deficit in the budget bill for the year 2014 exceeded expenses.

Al-Shammari said, in a statement, "The budget deficit in 2014 exceeded expenses that have been developed on the basis of the source of oil," noting that "the Iraqi oil production was not up to 2.4 million barrels per day as it was planned, because of the current situation and the differences with the province."

Shammari said that "the country's ongoing operations dramatically affected the budget," he said, adding that "the budget will be voted on in the House of Representatives in the form of the legality of bills of exchange."

And between Shammari "We in the House of Representatives are waiting for the government to send the draft budget for 2015 bill to parliament for consideration and discussion within the Council and vote on them," pointing out that "the career ladder and the salaries of the popular crowd forces and grades of the basics of the budget next year." / End / branches to improve /

http://www.dananernews.com/News_Details.php?ID=5282

Franck: the Federal Government refused to withdraw the appeal law 21 of the powers of the provinces

Basrah, Iraq press – 9 November: head of Basra Governorate Council, morning Franck, the Federal Government refused to withdraw the appeal law 21 of the powers of the provinces. "

Franck said of postwar Iraq press Cabinet refused to withdraw the appeal against the amended Act powers of the District Councils ", revealing" the Central Government's insistence on modifying the powers of petrodollars – being free customizations,

the army and the Federal Police. "

He found "during the meeting, which brought together the heads of State and provincial governors to the Prime Minister Haidar Al-Abadi, recently upheld the Federal Government's attitude toward the law and proceeding with the appeal made by the invitation of the previous Government." Finished a. h

http://www.microsofttranslator.com/bv.aspx

Deputy calls for Basra to maintain benefits of the petro-dollar exchange rate

History of edits:: 11.09.2014 twelve fifty-two • 28 visits readable

{Baghdad: Euphrates News} MP for the province of Basra beauty Muhammadawi urged the federal government not to postpone the payments for the petro-dollar exchange allocations in Basra province.

Said Muhammadawi in a statement Agency {Euphrates News} received a copy of it on the 2014 budget year will be discussed next Tuesday at the Cabinet meeting, will be sent later to the House of Representatives for the purpose of ratification, which requires a serious stand by the province of Basra officials to claim entitlement to the province of the petro-dollar " . , and warned of "the disbursement of funds because of its negative effects on infrastructure projects and projects approved by the provincial council, which relate to the sector electricity and health, education, roads and bridges to postpone." He explained that "the stomach the government's plan to reduce the deficit in the budget for the current 2014 due to lower revenue caused about the lack of oil exports and lower prices, including reducing the financial allocations for investment projects, and to postpone the allocations for amounts of petrodollars to the provinces producing oil exchange. " He continued Muhammadawi that "allocations Alaptroodlaor of financial conservatism entitlements, is not entitled to the government to postpone the disbursement especially Basra issued more than {78 %} of Iraq's oil exports, which are suffering Mahromep not reaped from those goods and wealth only caused by oil and gas extraction processes and environmental pollution, and degradation of the great service, and a lack of construction and reconstruction projects. " It is said that the statements issued by some officials in the federal government about the presence of a large budget deficit and hence the financial benefits of Petro dollars may Atdf to the provinces producing Naft.anthy

http://wwww.alforatnews.com/modules/news/article.php?storyid=68881

Securities: economic conditions and more signed on citizen security and a new system of income in the trading operations

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Chairman of the Securities Commission Abdul Razzaq al-Saadi

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08/11/2014 13:42

Tomorrow Press / Baghdad: The head of the Securities Commission Abdul cyanosis Saadi, Saturday, that the economic conditions more impact than the security conditions on the citizen, revealed that while a new system to enter the trading process in Iraq Stock Exchange.

He said al-Saadi's "Tomorrow's Press," "The security conditions do not greatly affect the Iraqis are more than economic conditions, delayed budget and low oil prices, all of these indicators are worrisome deterioration of the Iraqi economy if it does not find a suitable solutions."

"The recent security conditions are not directly affected by the trading operations in the Iraq Stock Exchange with evidence that index trading operations in all its aspects in mounting either low Asar stocks and height at different times can not measure it in general on the work of the securities market."

He said al-Saadi "The Securities and Market Iraq Securities Commission seeking dramatically in order to find the best opportunities for investors in the securities market by providing sophisticated and modern atmosphere of the world and keep pace, pointing out that since the beginning of last Sunday began to work effectively in the securities market and the system of electronic talk and sophisticated. "

He said al-Saadi said, "and before about five years was Iraq Stock Exchange operates electronic trading Horizon system and since Sunday we started working the new electronic trading system, X-stream being more electronic trading systems advanced in the world as well as being a high flexibility and performance of advanced and meets the needs of the market growing.

And back to work in the stock market in Iraq to the early nineties of the last century, and was dubbed the Baghdad Stock Exchange, which was run by the Iraqi Ministry of Finance at the time the name, and after 2003 the Iraqi Stock Exchange closed but she returned and opened its doors again after the issuance of Law 74 for the year 2004 under the market name Iraq Stock Exchange, and run by the Securities Commission.

http://alghadpress.com/ar/news/22905/%D8%A7%D9%84%D8%A7%D9%88%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%B8%D8%B1%D9%88%D9%81-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D8%A7

Edited November 9, 2014 by Butifldrm

Butifldrm · November 9, 2014

Prime Minister Haider al-Abadi meeting conservatives and heads of provincial councils irregular province, on Thursday (6 October 2014).

Kirkuk "convince" Abadi as a "safe" and Basra negotiating the funds retained since last year

Author: BS
Editor: BK, BS 8/11/2014 22:34 Number of Views: 339

Long-Presse / Baghdad

Intends Government Basra, which met their portfolios, recently, the head of the government, Haider al-Abadi, in Baghdad, back to the capital to collect the money, "rounded" since 2013, the past, not be returned to the province in the current year, while demanded Kirkuk, in the meeting which brought together Abadi, the first on Thursday, with 15 governors, to maintain output from the circle areas "militarily fallen," asserting that the security forces are in control throughout the province except Hawija (55 km southwest of Kirkuk).

While officials attended the meeting, which touched on ways to implement the amendments to the powers of the provincial law says 21, that law enforcement mechanisms did not move a single step since the legislation last year.

And faces the law, which is expected to expand the administrative and legislative powers to the provinces, according to local officials, obstacles set in front of the most important application of a lawsuit revocation made under the previous government, and refused to hand over some of the political blocs "share" of the ministries to local governments.

He says the governor of Kirkuk, Necmettin cream, in an interview with the newspaper (range), "The meeting, which brought together governors of Iraq, with the exception of the Kurdistan region, with the prime minister, discussed the issue of the popular crowd and volunteers who support the security forces in the liberation of the areas under the control of so-called organized Islamic State (Daash) ", and refers to the" vision Abadi and heads of local governments, to go to those groups are organized by the Ministries of Defense and Interior and Local Governments of the Governor. "

He adds cream, that "the conferees called for the need to increase support of the security forces, the People and the crowds in the provinces of Anbar, Salahuddin and Nineveh," and shows that "Abadi discussed several topics with the Conservatives highlighted the problem of liquidity, and give priority to the strategic and security projects, in government expenditures, and the implementation of the amendments Law 21, "and asserts that" law, which faces a veto from the Maliki government, agreed upon in each of its paragraphs, even those relating to the security aspect, which would allow local governments to act freely with the local armed forces, with the exception of the Federal Police, which will be one of the central functions of government. "

The Second Amendment's powers governorates not organized province, which challenged the previous Council of Ministers of the law, legislation angered team Nuri al-Maliki, last summer, and step revolutionary for the application of the principle of decentralization, which is stated in the Constitution, and remained a dead letter, and treat Parliament after severe claims, particularly MPs from Basra and Nineveh, where he participated in the writing of the amendments advisers from Canada and experts in the federal systems.

But the governor of Kirkuk, says, "The implementation of this law mechanisms has not moved since the year 2013 enacted the past."

Under the law, the transfer of powers of the nine overalls service to the provinces, and this requires, according to the governor, "a long time for the preparation and development of the Angels that will work on those broad new powers."

And continue to cream, "you correct the ignorance of the government on the security situation in the province, where they viewed that as if an area under the control of Daash, while Daash not only dominated the Hawija."

And see the governor of Kirkuk, that those "erroneous perception has led to restrictions on the transfer of funds to maintain and converted, and the allocation of projects as not safe, despite the invalidity of that."

Controlled militants (Daash), after the fall of Mosul, on the tenth of June, the government and security buildings in Hawija, and aspects of Zab, Riyadh and Al-Abbasi and Rashad, west of Kirkuk, without resistance from security forces, which pulled out of them.

From the other side says, well-informed views in the province of Basra, had attended a meeting the governor, Majed Nasraoui, with the Prime Minister, in an interview with the newspaper (range), "The local government will revert back to Baghdad after the approval of the Prime Minister, in order to get a rounded funds from last year in 2013, belonging to the province, has not been launched in the current year 2014 ".

Show those actors, that "al-Abadi was Mtfhma funds retained in the case, as it was also serious about expanding the decentralization of powers to the provinces."

This confirms figures attended the meeting, that "Abadi vowed to launch financial allocations for strategic projects, such as electricity and security issues, despite the budget deficit."

Conversely skeptical senior member of the Council of the governor of Basra, Ahmed Al Sulaiti, the possibility of granting "broad powers" to the provinces, attributing the cause to the difficulty of giving up some political forces on the ministerial quotas, which fought for it, "a long conflict."

It is expected Sulaiti, in an interview with the newspaper (range), that "this incident is repeated with the next government, which will not accept the transfer of ministerial powers to the provinces."

The Prime Minister, Haider al-Abadi, has presided over last Thursday, (the sixth of this November), the supreme body for coordination between the governorates not organized province with the participation of governors and heads of provincial councils and deputy ministers meeting, and said that the priority in spending in the current conditions in Iraq for projects that stimulate economy and support the armed forces, noting that the government is seeking to create a local security systems for managing files, maintaining security, rather than the army.

He also said a statement issued by his office that has been the focus of discussion during the meeting of security cooperation between the provinces and the affairs of the displaced, and the axis of the expansion of powers of the provinces, according to Law No. 21 of 2008, as amended.

The prime minister in his speech at the opening session that the purpose of this meeting is to the success of the provincial labor and building healthy relationships with the federal government to achieve the supreme interest of the country and the provision of services and infrastructure development.

"We are fighting a real war against terrorism must Atmanana to provide services to citizens and to support farmers and encourage investment and get the economy moving.

Ebadi said that "the financial problem that we face are caused by increased consumer spending and other reasons related to the fall in oil revenues as well as the production of low prices, but we have a great opportunity to improve through increased imports and production agreement on the issue of the Kurdistan region's oil."

And on the field of security, said, "The priority is to support the armed forces and the resolution of the war against terrorism and to achieve victory, and we aspire to remove the army from the cities and handing Security Ministry of the Interior, and the Federal Police to be the foundation in the future to maintain security," stressing "the need to set up a sophisticated local security system to the provinces capable of imposing security and stability and the fight against organized crime. "

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Qubad Talabani

Qubad Talabani: Kurdish delegation will visit Baghdad region even send staff salaries

Author: RA, RS
Editor: AB, RS 8.11.2014 17:54 Number of Views: 407

Long-Presse / Sulaymaniyah

Said Vice President of the Kurdistan Regional Government, Qubad Talabani, on Saturday, said the provincial delegation will visit Baghdad the Iraqi government did not send the provincial employees' salaries, among the delegation that he would discuss the outstanding issues between Kurdistan and Baghdad.

Talabani said during the ceremonial opening of the three projects in Sulaimaniya airport and attended the (long-Presse), "was due to the Iraqi government sent the province salaries and then visiting delegation of the Kurdistan Baghdad province, "noting that" the Iraqi government did not send to the far region staff salaries. "

Talabani said that "the delegation will visit Baghdad province unless the province send employees' salaries," pointing out that "the delegation was to discuss the outstanding issues between the two sides."

The Erbil administration confirmed, in (October 29, 2014), that thousands of Arab employees (the Iraqis) working in various formations of the Kurdistan Regional Government to suffer the repercussions of the financial crisis and cut the federal government paid teens Kurds, while complained those employees from falling "victim" of the differences between the Baghdad and Erbil, Khanaqin administration revealed the non-receipt of hundreds of Peshmerga elements belonging to Arab nationalism for their salaries for months.

The deputies from the Kurdistan Alliance said, the Finance Minister, Hoshyar Zebari, who chairs the committee preparing the financial budget, and continues within the Erbil and Baghdad talks on oil dispute and the delay in staff salaries in the Kurdistan region, Marjaheen that the results of the talks within the Council of Ministers, are determined by the date of visit Nechirvan Barzani, head of the provincial government, to Baghdad.

Kurdistan staff suffer from delayed payment of salaries due to the differences between Baghdad and Erbil on the financial budget, accusing the federal government of using the region as a bargaining political pressure against the employees' salaries.

It is noteworthy that the former prime minister, Nouri al-Maliki, instructed to cut the budget of the Kurdistan region since the beginning of the current year 2014, including staff salaries, against the backdrop of the crisis between Baghdad and Erbil

http://www.almadapress.com/ar/news/39400/%D9%82%D8%A8%D8%A7%D8%AF-%D8%A7%D9%84%D8%B7%D8%A7%D9%84%D8%A8%D8%A7%D9%86%D9%8A-%D9%88%D9%81%D8%AF-%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86-%D9%84%D9%86-%D9%8A%D8%B2%D9%88%D8%B1-

09/11/2014 (0:01 pm) - the number of readings: 309 - number (3210)

A big blow to the oil ... and the "massacre" of the Iraqi budget

Baghdad-Erbil - Washington / Range (Reuters) AP

The October last months Black Black Gold, Prices futures barrel combination «Brent» benchmark crude oil fell below $ 85, from more than $ 115 in June, despite the fact that the risks of interruptions in supplies did not reach alarming levels. It does not appear that the Organization of Petroleum Exporting Countries (OPEC) cut production to enhance the price when oil ministers of the Organization held their regular meeting in November 27 (November).

Yesterday, the price came down «Brent» for the second consecutive session to below $ 83 a barrel on concerns about the rise of the dollar, which increases the cost of commodities denominated in the US currency on the buyers of holders of other currencies. The price lost 52 cents to $ 82.34 a barrel, after falling 90 cents in the previous session. The price of crude fell nearly four percent since the beginning of the week. And US crude fell 42 cents to $ 77.49 a barrel.

Varies the amount of vulnerability to oil prices greatly between «OPEC» members of Qatar is that you need to reach the oil price of $ 58 a barrel just to balance the budget, compared to $ 136 in Iran. And also differ from the reserves of foreign currencies varies widely Saudi Arabia has reserves of foreign exchange and gold worth 730.5 billion dollars while the value of Venezuela's reserves amount to $ 21.2 billion only. (See page 12)

And a few days ago confirmed the Secretary-General's «OPEC» Abdullah al-Badri said the fundamental factors do not justify the sharp drop in oil prices and the expectation that prices recover by the second half of 2015. He said at a press conference during the launch of the organization «the world's oil prospects report for 2014»: «We But we are concerned not panic. » And suggested «OPEC» in the report that the average global demand for crude 28.5 million barrels per day in 2018, down 1.5 million barrels per day for 2014 due to increased supply from outside the organization, despite rising global demand ..

And frozen rock oil producers in the states of Texas, North Dakota Americas plans to expand production due to the drop in global oil prices, The cost of production for them is higher than with traditional oil producers. But the report's «Citibank» stressed that the price of a barrel of oil should be $ 50 to the oil shale industry in the United States have to stop completely. The report stressed the «RBC Capital Markets» that the decline so sharply bounces until it is harmful to the oil-producing countries traditional.

Iraqi budget lost 27 per cent of the projected revenues, as a result of the global decline in oil prices, which constitutes the Iraqi economy President supplier.

And announced that the Iraqi Oil Ministry said in a statement Saturday that "the Iraqi economy and the federal budget affected much (...) and lost more than 27 per cent of the projected revenue for this year."

Oil prices have fallen in the global market has grown substantially since June, and reached record levels not seen in three years.

Iraq's economy is mainly dependent on oil exports, which constitute the main supplier for the expenses of seeking to increase its oil imports to invest in infrastructure and to cover the costs of government spending.The ministry said "the adoption of the new price for a barrel of oil within the 2014 budget, according to an objective study of the precise economic perspective, taking into account the changes and developments in the global oil markets, and the decline in oil prices and future prospects."

Iraqi parliament did not approve the 2014 budget year, because of political differences, especially between the central government in Baghdad and the Kurdistan Regional Government, and the quota allocated to the region from oil revenues and the general budget.

On the other hand announced the Ministry of Natural Resources in the Kurdistan Regional Government, on Saturday, to raise crude oil export volume across the Kurdistan region of line Turkey to 300 thousand barrels per day, and with expected higher exports to 500 000 barrels per day, the end of the next year, 2015, confirmed that the All oil imports is a constitutional entitlement to the Kurdistan region.

The Ministry of Natural Resources in a statement received (range Press) copy of it, "in the first week of the month of November of this year, 2014, was starting to export 300 thousand barrels per day of crude oil from the Kurdistan region to Turkey since last August log export crude oil through Turkey Kurdistan line 185 thousand barrels. "

The ministry added that "all oil imports is a constitutional entitlement to the Kurdistan region within the 17% allocated to the territory of Iraq's resources and this amount is only a small part of the dues annual Kurdistan region within Iraq's budget for 2014, which the federal government has decided to cut it off since the month of January of this year."

The ministry said that "he has to increase the amount of oil exports to Turkey during the past four months by 60% and that it plans to raise the volume of oil production source to 400 thousand barrels by the end of this year," unexpected "higher production by the first quarter of next year in 2015 to 500 thousand barrels per day and will reach its production to one million barrels per day by the end of 2015 and beginning of 2016 ".

The ministry expressed "pleased to raise oil production," pointing out that "the Kurdistan Regional Government implements constitutional rights in the field of management, production and marketing resources of nature."

The ministry continued that "since January of this year, 2014, I managed the Kurdistan Regional Government from the sale of 34.5 million barrels of the Kurdistan region of oil through the Turkish port of Ceyhan as well as the export of other quantities by tankers to the Turkish Mersin region," indicating that "the total amount of exported oil value is $ 2.87 billion was received $ 2.1 billion in cash and $ 775 million was delivered through the eyes of a switch consisting of 710 thousand tons of white oil, gasoline and diesel products. "

http://www.almadapaper.net/ar/news/474441/%D8%B6%D8%B1%D8%A8%D8%A9-%D9%83%D8%A8%D9%8A%D8%B1%D8%A9-%D9%84%D9%84%D9%86%D9%81%D8%B7-%D9%88-%D9%85%D8%AC%D8%B2%D8%B1%D8%A9---%D9%84%D9%84%D9%85%D9%8A%D8%B2%D8%A7%D9%86%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9

Government Karbala: maintain a zero balance of the funds

Sunday 0.09 2 October / November 2014 13:53

[Karbala-where]

Detecting financial aide to the governor of Karbala Adel al-Moussawi, on Sunday, that the province's budget has become zero because of a failure to approve the federal budget.

Moussawi said in a statement received by all of Iraq [where] a copy of it, that "the balance of the province in the banks with a [zero] dinars, and the province is now experiencing the failure to provide its members' salaries because of the delayed ratification of the federal budget law by the parliament," he said.

He explained, "We asked the prime minister and the Ministry of Finance to provide funds for the province, but until now we did not find a sympathetic ear to us," noting that "there are bound advance owed by the province and the amount of 50 billion dinars, but the Ministry of Finance until now not been fired."

He said al-Moussawi said the "big Karbala obligations as well as the case for the benefits of it in owe," diagram "The Ministry of Finance Tamolna as much as associate salaries only and leave the rest, and the salaries of the measure commitments daily as well as monthly contracts and vehicles leased and others to maintain."

He noted the financial aide to the governor of Karbala that "we have increased the time, in addition to the millions of visits and solutions which began Arafa visit followed a visit and the tenth of Muharram and visit next Arbain, and bear additional burdens of the province for the purpose of securing these visits."

And "We as management of local and duty to be at the behest of the governor of Karbala, Akil Turaihi provide all the support and backing for all departments in the province after she was unable ministries to departments for not having to have a budget," pointing out that "the city of Karbala, the number one in the shelter displaced process and the issue of the popular crowd and support volunteers and all These burdens burdened the province. "

He appealed to the financial aide to the governor of Karbala, "the Prime Minister and Ministry of Finance and the federal government to consider the privacy of Karbala and financing the necessary amounts that make the province meet its obligations," and called on "everyone to redress Karbala and funded the amounts necessary for the fulfillment of its obligations to contractors, companies and other necessary commitments, Projects lagging behind in the province and there is no money to speed up the work of these projects. "

Moussawi pointed out that "the local government in Karbala made a great effort in previous years in order to trust between the contractor and maintaining transplant but I went with the wind now that there is no money to pay the executing and advances projects Bzmtha companies and contractors value."

The Prime Minister Haider al-Abadi announced during his visit to Karbala last Monday for the preparations of Ashura encountered last Tuesday, "the allocation of $ 25 million for this visit and monthly Muharram and Safar," adding that he "will launch other payments to the province," noting at the same time that "the pressure on general budget for it. " End

http://www.alliraqnews.com/2014-06-14-07-34-14/154455-2014-11-09-10-53-00.html

Edited November 9, 2014 by Butifldrm

Butifldrm · November 9, 2014

Dhi Qar, demanding the central government disbursement of funds retained by the generality of the province stop projects

Dhi Qar - Iraq Press - November 9: called Dhi Qar province, on Sunday, the central government, regardless of the money retained in 2013, to fulfill the obligations of the province and avoid important projects stopped entirely.

The governor of Dhi Qar, Yahya Nazarene, L / Iraq Press / "The Dhi Qar submitted a request to the Ministry of Finance during a coordination meeting of the governors and heads of provincial councils with Prime Minister Haider al-Abadi, which was held last Thursday to expedite the release of the money retained from last year to meet the provincial obligations to contracted companies and projects to avoid full stop, "he said, adding that" the Ministry of Finance promised to decisively this file as soon as possible. "

"The meeting also discussed the issue of expanding the powers and transfer of ministries to the provinces and decided to form specialized committees by the Ministry of State for Provincial Affairs during the next two weeks, in addition to other coordinating committees between the provinces and ministries concerned to discuss the mechanics of the transfer of powers and speed by" adding that " the prime minister promised to study the subject with the Ministry of Finance and the research on the deduction of funds from the general budget balancing mechanism or from the province for the next year.

He explained that "raising the issue of financial benefits to the provinces and the weakness of the cash would be a great hardship, especially in the operational budget," referring to "submit a

proposal to refer the project in accordance with the payment system on credit to overcome this crisis and provide services to citizens." Admiral ended

http://www.iraqpressagency.com/ar/archives/104402

Special / reset Karbala announce its budget in the banks and their inability to pay salaries and wage contracts

Krblane- Iraq-Presse November 9: detecting financial aide to the governor of Karbala, Adel al-Moussawi, on Sunday, for the reset conservative budget because of a failure to approve the budget by the parliament, adding that maintaining the balance in the banks (zero) dinars, and that the government Local currently experiencing failure to provide daily and monthly contracts and mechanisms leased affiliates salaries of the measure.

Moussawi said in a statement / Iraq Press /: "The banks maintain balance in a (zero) dinars, and the province is now experiencing the failure to provide the salaries of its members due to the delayed ratification of the federal budget law by the parliament."

Abizaid said, "We asked the prime minister and the Ministry of Finance to provide funds for the province, but until now we did not find heeded," noting that "there is an advance constrained to maintain and amount owed 50 billion dinars, but the Ministry of Finance has not fired yet."

"The big Karbala obligations as well as the case for the benefits of it in owe, while the Ministry of Finance Tamolna as much as associate salaries to owners only and leave the rest, and the salaries of the measure commitments daily as well as monthly contracts and mechanisms leased and the other on the shoulders of the province," .anthy Admiral

http://www.iraqpressagency.com/ar/archives/104379

Babylon impair its share of national austerity by 281-402 billion dinars Policy

Babylon -arac Press - November 9: Under the austerity plan adopted by the Government of Abadi to face a wave of oil prices, costs and expenses the high volatility of the war on Daash, adding large displacement waves of hot spots and the administrative and financial corruption that gnaw the body of economic and institutional system for the Iraqi government, won its share of the province of Babylon of the national austerity policy that, where the Ministry of Planning has decided to reduce allocated to the province for the current year of 402 budget to 281 billion dinars by 40%, as announced by the local government of Babylon, which confirmed its part, that this reduction would adversely affect the project in across the province.

To that, the first deputy governor of Babylon, and Sam Aslan Jubouri, told / Iraq Press /, that '' the Ministry of Planning has decided to reduce the province of Babylon's budget by 40% to become a 281 billion dinars instead of the allotted to 2014 the amount of more than 402 billion dinars and adult ,., due to the current circumstances through which Iraq from falling oil prices and the presence of a large military operations within the framework of the war on terrorism in many parts of Iraq and displacement operations to the citizens of the hot spots. "

Jubouri, that also added '' there is an objection to the cuts that the province was passing put security, and should not include the same cuts, which included the all the provinces because of the security and put it "in the recipe, noting that" there is a book will be submitted to the General Secretariat of the Council of Ministers on the reduction and will raise the text book to members of the House of Representatives for the purpose of taking into account the special circumstances of security. "

He said al-Jubouri, '' We have ongoing projects which are listed previously validated obligatory exchange of payment ", stressing that" we were on our way to monitor 325 billion dinars only ongoing projects and increased it is monitored for new projects, but we were surprised by this reduction, which select only the amount of 281 Mlyardinar, what will be provided by the province, including work on the ongoing projects allocated budget ", pointing out that '' caused a large reduction overwhelm in the implementation of projects approved by the Council of the province for 2014 and part of the plans."

He added by saying that the '' 2014 budget reduction will make the province experiencing a financial crisis caused in a few projects that you need to maintain, "noting that" we will reconsider in the old projects and there is a large package of projects could be reconsidered, because we will work towards important projects dealing with sewage and paving roads primarily. "

It is noteworthy that the province of Babylon does not have any oil revenues or tourist unlike some other provinces that have the petrodollars and other assignments, which provide them with financial revenues in addition to the allocations Aovernmah.anthy Admiral

http://www.iraqpressagency.com/ar/archives/104340

Edited November 9, 2014 by Butifldrm

Butifldrm · November 9, 2014

BackNews News economical

Parliament and the Kurdistan Regional Government discuss the possibility of amending the investment law

SUNDAY 0.09 2 OCTOBER / NOVEMBER 2014 15:18 P B / M M P / P P

Twilight News / parliamentarians and government officials in the Kurdistan Region of Iraq Sunday discussed investment projects in the region and the possibility of amendments to the investment law in Kurdistan.

A member of the Economic Council's Committee of Ministers in the region Osman Huani in a speech on behalf of the government that the investment sector in the region is suffering from big problems.

He said those problems will not be addressed by investing their own body and this government is currently working to draft a bill to ease the burden on the investment by issuing a law to establish the Housing Authority in the province as well as the amendment of the Investment Law.

For his part, supported the First Parliament Member Sophie preceded him what his predecessor, the existence of legal problems in the investment sector, but he said they did not lose hope, the possibility of finding solutions to them.

He cited an example of the problems surrounding the investment sector, saying that he is granted an investment license to build a press investment project is then converted into a business venture and this outside the law.

He pointed out that those who are in this business are the ones who have the authority to do this and work illegally, stressing the need to amend the investment law to block the negative repercussions on society.

And embarked Kurdistan Investment Law of 2006, which treats domestic and foreign investor Kalmstthmr, and have the first right to acquire the entire share capital of any project hosted in the region. However, the law does not allow an investor to own land that contains the oil and gas riches, or any precious metal or heavy.

Also required to give the investor who is performing the contribution of investment projects provide the necessary funds for the protection of shareholders and guarantees on the body to take the insurance and banking procedures necessary to ensure their rights.

The law gave privileges to investors, Kalaafa from taxes for a period of up to 20 years and owns land that are held by the project, to encourage them to enter the market and the region to contribute to the reconstruction process.

And attracted those privileges in addition to the safe security atmosphere hundreds of foreign companies from regional and Western countries, making the region an important economic center in the region.

http://www.shafaaq.com/sh2/index.php/news/economy-news/86229-2014-11-09-12-22-24.html

Baghdad calls for foreign banks to raise capital

Squares of liberation / Follow-up

Publication Date 09/11/2014 10:23 AM

Iraqi Central Bank decided to raise the foreign bank branches operating in Iraq of $ 7 million is currently the capital to 70 million per branch, the equivalent of 30 percent of the capital of Iraqi banks. Considered among the Lebanese banking active in Iraq in remarks to «life», that this step will increase the activity of foreign banks in the Iraqi market, raising the intensity of competition between them and the Iraqi banks, which must provide banking services and products to a wider citizens.

942554_BAN;9.jpg

The CBI was granted leave under No. 94 of the 2004 law for more than 18 branches of foreign banks, including 8 of Lebanese banks and 5 banks Turkish and banks Iranians, in addition to the branch «Abu Dhabi Islamic Bank» and another for «Standard Chartered Bank» and for «Citibank »British, in the context of opening up the banking sector to foreign policy and encouraged him to open branches in Iraq, or to participate in the Iraqi capital of banks, as this has a positive impact on the national economy and the financial sector.

It welcomed the Lebanese banks which have branches in Iraq to «step taken by the Central Bank of Iraq, which, considered it« reflect the reality of the banking industry in Iraq and prospects, prompting Lebanese banks to increase their interest in contributing to the development of credit activity and investment in the Iraqi market to achieve the desired development goals ». And stressed the need to take care of any step promote economic growth and banking relations between Iraq and Lebanon opportunities. » She pointed to the conference group and joint workshops held in this regard previously, in conjunction with the two banks of the Lebanese and Iraqi central, and the contribution of the Lebanese and Iraqi banks, as it has increased to a large extent of communication between the monetary and supervisory authorities in the two countries, with the possibility to benefit from Lebanon's experience in the banking sector ».

He quoted one of the branches of the Lebanese banking official in Baghdad as saying that the Iraqi market «has become an attractive element of foreign banks, in the forefront of Lebanese banks, which occupies a large area of activity of the Arab banking sector, what gave her the ability to attract investors and depositors». He stressed the keenness of Lebanese banks in Iraq to contribute to the expansion of the size of these banks benefit from the experience in the field of banking activity, which has become a rich culture of modern technology and the commitment of the international standards in performance. »

The claim was repeated Finally, the need to reassure foreign investors and the owners of the banks to stay in Iraq and continue their work, despite the difficult security conditions that prevailed in the Iraqi market.

The deputy governor of the former Iraqi Central Bank the appearance of Mohammed Saleh, said that earlier this year saw «contention large number of Arab and foreign banks to enter the Iraqi market because of their promising features, but Mosul events since June (last June) left a clear imprint on the Iraqi economy sector ». He explained that the most prominent legibility was «is in the process of the withdrawal of some foreign banks to provinces such as Erbil and Sulaymaniyah, without being so mean divest completely, arguing that a tactical change, because the Iraqi market and promising».

Saleh pointed out that the financial sector companies and banks «fast movement is known as» because «affected by any security or political turmoil, so maneuvering these companies in a variety of directions without massive financial losses».

He said the Director of the Iraqi private banks Association super Nasser Hussain, the capital of branches of foreign banks in Iraq, amounting to $ 7 million «can be described Balchgala because these branches follow the main parent banks that increase their financial positions on some billion dollars». He also pointed out that «the capital of branches of foreign banks increased to $ 70 million, or about 85 billion dinars, will double its credit ceiling, and thus increase the level of competition between them and the Iraqi banks that they must provide better services to citizens»

http://www.altahreernews.com/inp/view.asp?ID=24019

Edited November 9, 2014 by Butifldrm

TBomb · November 9, 2014

Market Rate. 1199 !!!

Iraqi Dinar/Dollar auction 11-08-14

Currency Auctions Announcement No. (2812)

The latest daily currency auction was held in the Central Bank of Iraq on the 08-11-2014

The results were as follows:

DETAILS NOTES
Number of banks 8
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 88,797,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 88,797,000
Total offers for selling (US$) -----

Iraqi Dinar/Dollar auction 11-09-14

Currency Auctions Announcement No. (2812)

The latest daily currency auction was held in the Central Bank of Iraq on the 09-11-2014

The results were as follows:

DETAILS NOTES
Number of banks 15
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ -----
Amount sold at auction price (US$) 159,434,000
Amount purchased at Auction price (US$) -----
Total offers for buying (US$) 159,434,000
Total offers for selling (US$) -----

Market Rate 1199 !!!

TBomb · November 9, 2014

Turkmen bloc reveal tour to neighboring countries to discuss Article 140

Khandan -ali Naji revealed Turkmen bloc in the Iraqi Council of Representatives, for the tour will be out to neighboring countries, will be addressed through a file of Article 140 of the Constitution. The MP said the Turkmen Niazi architecture Ihsanoglu, in a statement to "Khandan" that "there is an intention to block Turkmen visit both Iran, Turkey, Saudi Arabia and the Arab League countries and the United Nations, "explaining that" the tour will include the Find Next fate component of Turkmen in the complex geographical, which are being contested by the Kurdistan region and the center, and in particular Article 140 of the Iraqi constitution. "

and between architecture Davutoglu that "the reason for the visit to different countries from the confessional , due to the development of the Turkmen component divided between Sunnis and Shiites under one nation. "

http://www.xendan.org/arabic/

Parliament and the Kurdistan Regional Government discuss the possibility of amending the investment law

Twilight News / parliamentarians and government officials in the Kurdistan Region of Iraq Sunday discussed investment projects in the region and the possibility of amendments to the investment law in Kurdistan.

A member of the Economic Council's Committee of Ministers in the region Osman Huani in a speech on behalf of the government that the investment sector in the region is suffering from big problems.

He said those problems will not be addressed by investing their own body and this government is currently working to draft a bill to ease the burden on the investment by issuing a law to establish the Housing Authority in the province as well as the amendment of the Investment Law.

For his part, supported the First Parliament Member Sophie preceded him what his predecessor, the existence of legal problems in the investment sector, but he said they did not lose hope, the possibility of finding solutions to them.

He cited an example of the problems surrounding the investment sector, saying that he is granted an investment license to build a press investment project is then converted into a business venture and this outside the law.

He pointed out that those who are in this business are the ones who have the authority to do this and work illegally, stressing the need to amend the investment law to block the negative repercussions on society.

And embarked Kurdistan Investment Law of 2006, which treats domestic and foreign investor Kalmstthmr, and have the first right to acquire the entire share capital of any project hosted in the region. However, the law does not allow an investor to own land that contains the oil and gas riches, or any precious metal or heavy.

Also required to give the investor who is performing the contribution of investment projects provide the necessary funds for the protection of shareholders and guarantees on the body to take the insurance and banking procedures necessary to ensure their rights.

The law gave privileges to investors, Kalaafa from taxes for a period of up to 20 years and owns land that are held by the project, to encourage them to enter the market and the region to contribute to the reconstruction process.

And attracted those privileges in addition to the safe security atmosphere hundreds of foreign companies from regional and Western countries, making the region an important economic center in the region.

www.shafaaq.com/sh2/index.php&usg=ALkJrhgill6EFGySoQWV3vMXhgY6xP7SmA

News Details

Warnings of increased fuel prices to 1250 dinars per liter due to austerity

09/11/2014

BAGHDAD / JD / .. warned a number of experts and specialists in the oil issue of asylum and the Oil Ministry to increase the prices of petroleum products after the government's intention to implement the austerity policy because of the drop in oil prices in world markets, the fact that it would hurt the Iraqi people and will affect the local market in terms of price rises .

An official source at the Ministry of Oil has revealed the intention of the ministry to raise the price of gasoline at local stations from 450 dinars to 1250 dinars per liter, after the implementation of the austerity policy by the government and the decline in oil prices in world markets.

The source told / JD /: "There is a proposal submitted by the Ministry of Oil of the Council of Ministers to increase the price of gasoline from 450 dinars to 1250 dinars per liter, due to lower global oil prices, which may up the price of a barrel of oil to below $ 75 during 2015, which will make the general budget in an awkward in terms of increasing fiscal deficit. "

Economist Salam al-Quraishi, warned of the increasing prices of oil derivatives such as benzene White, oil and gas liquid, being hurt the Iraqi people, noting that the increase in gasoline prices will affect the level of prices in the local market in general, which will lead to other economic problems such as high inflation rate.

He said al-Quraishi told / JD /: that rising gasoline prices will pay the owners of cars, "Taxi" and "Kia" to raise the wages of transport, as well as lead to an increase in food prices in the market due to increased transport costs, and therefore would hurt all that simple citizen.

He added that "the government has to think about by radical not prosthesis out of a potential financial crisis Ktnoaa state revenues through the activation of other productive sectors, as well as interest in the oil conversion sector through the establishment of new refineries and restructuring of petro coefficient chemicals, the fact that oil derivatives, fixed prices Global markets are not affected by oil prices. "

For his part, Finance Committee member Abdul Qader Mohammed, said the committee has asked the government that does not affect the austerity food on the citizen and the staff and pensions policy, but the excess expenses and where the waste of public money for ministries and government departments such as buying cars or furniture or Ivadat.

He said Mohammed told / JD / "The House of Representatives will reject the implementation of this policy in the event that it would hurt the Iraqi citizens and affect their standard of living, stressing that the government should be based Ptqeil economic sectors, rather than resorting to such policies emanate from which economic problems for Athmd Akabaha" ./anthy/8/

http://www.dananernews.com/News_Details.php?ID=5289