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(Press release) Launch of electronic platform for financial transactions between banks operating in Iraq

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20th June, 2019

Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)
 
A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq .
 
The platform aims to increase cooperation between banks and increase their ability to diversify the financial services of their customers and attract the commercial and financial operations available in the market.
 
Within the framework of these measures, the Central Bank sponsored a technical workshop between one of the leading international companies in the areas of financial solutions and a number of banks operating in Iraq with the support of the Association of Iraqi private banks .
 
Central Bank of Iraq
information Office

20 June 2019


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LINK

Central Bank launches electronic platform for financial transactions between banks operating in Iraq


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20th June, 2019

The Central Bank of Iraq announced on Thursday the launch of electronic platform for financial transactions between banks operating in Iraq.


The bank said in a statement it received Alsumaria News a copy of it began the procedures for launching the platform of electronic trading between banks operating in Iraq (Interbank Market (FX, Money Market, "noting that the platform establishes an electronic financial market organization opens and facilitates the way for foreign investment in IraqHe said.
 
"The platform aims to increase cooperation between banks and increase their ability to diversify financial services for their customers and attract the commercial and financial operations available in the market." 


The bank said that "within the framework of these actions, the Central Bank sponsored a technical workshop between one of the world's leading companies in the areas of financial solutions and a number of banks operating in Iraq with the support of the Association of Iraqi banks private."

 

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LINK

Central Bank launches electronic platform for financial transactions between banks operating in Iraq


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20th June, 2019


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Central Bank launches electronic platform for financial transactions between banks  LINK

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Iraq and Kuwait are in the process of signing a joint oil agreement


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20th June, 2019
Iraq and Kuwait are preparing to sign a joint oil agreement once a study on the development of the northern fields is completed. 

"The Kuwaiti Oil Ministry signed a joint agreement with the Iraqi side after the Kuwait Oil Company completed the study of oil production in the joint fields north of Kuwait," Oil Minister and Minister of Electricity and Water Khalid Al-Fadhel said.  "He held bilateral talks with the Iraqi side on special and bilateral issues in the oil and electricity sectors." 

He stressed that "there are serious steps to link Iraq to the Gulf electricity network," pointing out "the importance of holding intensive meetings between the Kuwaiti and Iraqi sides in light of the distinguished relations between the two countries, which culminated in the visit of the Emir of Kuwait to Iraq."

 

 

Edited by DinarThug
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Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support


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20th June, 2019

The governor of the Central Bank of Iraq praised the contents of the latest book of the banking expert Samir Nusairi, entitled "Light in the last tunnel," and thanked the Association of Iraqi private banks to support such efforts in the interest of the local economy

"I can say that the author of this book is the light in the first tunnel, and this stems from my personal follow-up to the intellectual output of the writer of the book and his continuing role in the correction," Al-Alak said in a speech at a ceremony marking the signing of al-Nasiri's book at the headquarters of the Association of Iraqi Private Banks in Baghdad. And follow-up and a statement of opinion in various areas and places, "noting that" is characterized by a special nature, as the view of the writer is a holistic view and not partial

He added that "Samir Nusseiri wrote the book with open eyes on the reality of the Iraqi economy as a whole, and this subject is very important because the banking sector and all policies that are linked to this sector is undoubtedly part of a large system affect each other," pointing out that "Nasiri when he writes It speaks of reality in all its dimensions, and its various effects on this sector, whether affected by what is going on around him or affect what surrounds him

"We have a lot of indicators and facts in the central bank that prove this fact. Unless there is a holistic view of our reality, it is difficult to make fundamental structural changes. For example, in the absence of stimulus programs for the real industrial and agricultural sector, "But the real rate of implementation in these initiatives is still modest, although everyone is talking about the need and the need of the country to stimulate real sectors and provide significant investment opportunities in this area

"When we talk about the banking sector today, as the book speaks, and it looks at all the things that are related to the economic aspects and looks at it from this perspectivefor example the issue of selling the dollar by the central bank, I said why we all talk about one side is the supply side , And why not talk about the other side of the demand for the dollar, "noting that" when we talk about the demand for the dollar, then we will correct the large structural imbalances that exist in our economic reality, but when we press on the offer by the Central Bank will create large imbalances in the Iraqi economy, It will affect All economic activities, monetary stability, exchange rate and so on

The central bank governor asked: "Why are those who respond to the request to be held accountable, without accounting and analyzing the other side of the demand, and how it occurs due to a significant shortage in the real sectors and their inability to satisfy the demand of domestic demand from agriculture and industry, in addition to other aspects such as health, "And when I read the book of Nasiri from the cover of the cover and his grandmother talking about these things, and we are proud of the tender, and thank the Association of Iraqi private banks to create such conditions and atmosphere and support for such trends

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Petrel: “Interest is Reviving in Iraq”

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20th June, 2019


In its preliminary results for 2018, Petrel Resources gave the following update on its activities in Iraq:

We had high hopes of commercial success in Iraq. It has the best oil geology on the planet with drilling success over 90% and a $2 to 4 a barrel production cost. But the political risk offsets all of this.

Petrel first entered Iraq in 1997 and had initial success in obtaining a large exploration block in the Western Desert between Baghdad and Amman Jordan. We were seeking development rights to any one of the many proven but undeveloped oil fields but we needed to establish our credentials. We undertook exploration work but were frustrated by sanctions which stopped us from drilling.

We continued involvement with the Iraqi Oil Ministry and undertook extensive technical work, with Itochu of Japan on the Merjan oil field.

Post 2003 we were awarded a development contract on the Subba and Luhais oil fields. Bureaucratic interference and payment problems forced Petrel to sell out in 2010.

We maintained our interest and appointed an Iraqi Arman Kayablian to work in Iraq. We purchased a 20% stake in Amira Hydrocarbon which had joint operations with Oryx Petroleum, in the Wasit province.  The joint venture failed to obtain a licence. In 2018 the agreement was dissolved and some 20 million Petrel shares returned to the company.

We have recently appointed Riadh Mahmoud Hameed to the Petrel board. Riadh worked as project co-ordinator for six years for Petrel in Iraq.

Activities are normalising in Iraq. There are many oil projects in Iraq which need to be developed. Petrel will be making a case to be part of the development.

Interest is reviving in Iraq. We now have the people to seek out operations on the ground.  

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The Association of Private Banks concludes the "stress tests" course for 51 trainees
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20th June, 2019

 

The Association of Iraqi private banks concluded with the Center for Studies and Training in the Central Bank of Iraq, Thursday, a course "stress tests" for a number of employees of private banks and government, in order to increase the efficiency of staff and teaching methods of stress tests

The five-day course at the association's headquarters in Baghdad aims to provide participants with the required knowledge about the nature and importance of scenario analysis and stress testing in banks and both typesin addition to providing them with principles, fundamentals, requirements and relationship, and how the overall prudential indicators can affect economic capital

The director of management and training in the Association of Iraqi private banks Ahmed Hashemi during the closing ceremony of the session, "The Association is keen to train and develop the skills of human resources working in banks through the establishment of such courses," pointing out that "the Association is always keen to create all the appropriate conditions of In order to benefit trainees as much as possible

At the end of the ceremony, the graduation certificates were distributed to the trainees, and to the lecturers and a number of guests attending the closing ceremony

The course was attended by 51 trainees working in private and government banks under the training of Jordanian professor Osama Al-Fandi, who holds a doctorate in business economics

The training program also included methods of stress testing, types and how to apply them in banking, which will give the trainees a good background with the implementation of the endurance test in the bank profile in credit risk, market and operational risks

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This Is An ‘Oil And Gas Law’ Bro Alert ! :o 

 

:D  :D  :D 

 

 

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Barzani confirms the readiness of Kurdistan to receive a parliamentary committee to see the mechanisms of selling oil


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20th June, 2019

The head of the Kurdistan region, Nechirvan Barzani, on Thursday, the readiness of the region to receive a parliamentary committee to see the mechanisms of selling oil and revenue, expressing his hope to "achieve a strong relationship with the center based on common interests


"The Speaker of the House of Representatives received today the President of the Kurdistan region Njirvan Barzani and the accompanying delegation, and discussed during the meeting the financial obligations to the region with regard to the sale of oil as mandated by the Federal Budget Law For the year 2019 and the need to ensure the development of relations between the region and the federal government and resolve all outstanding problems between them in the spirit of brotherhood and national partnership.
 
The office added that "the two sides discussed the oil and gas law and the provincial elections law and the law of the Federal Court." 


For his part, the President of the Kurdistan region made a presentation on his plans to develop the relationship with the federal government after studying the problems in depth and transparency and develop common mechanisms to resolve them, expressing his hope to "achieve a strong relationship with the center based on common interests." 

According to the statement, Barzani expressed readiness of the region to receive a parliamentary committee to see the mechanisms of selling oil and revenue under the supervision of international companies.

 

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Nechirvan Barzani announced the readiness of the region to receive a parliamentary committee to see the mechanisms of selling oil and revenue  LINK

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Parliament publishes the agenda of the Saturday session and highlights the paragraphs vote on special grades

2019-06-20 15:10
Parliament publishes the agenda of the Saturday session and highlights the paragraphs vote on special grades
 
 
3,156 views
 
 

The Information Service of the House of Representatives announced on Thursday the agenda of the session of the Council on Saturday.

The agenda of the meeting included 11 paragraphs, most notably the vote on special grades and the termination of the file of the state proxy, in addition to the vote on the unification of security permits. 

The Council will also set up an investigative committee on service contracts, collection and contracts of Car and Qian.
 
 
 
 
 
 
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Parliament

schedule of work

 
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19 hours ago, DinarThug said:

Halabousi: Parliament will contribute to creating a sound investment environment

 

Wednesday 19 June 2019

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Baghdad / Al-Sabah

 
 
Speaker of the Parliament Mohamed Halabousi invited the President of the Shura Council to visit Iraq, while calling for expanding economic exchange and encouraging companies and investors to invest in Iraq. 

"The Speaker of the House of Representatives received the Ambassador of the State of Qatar in Iraq, Khaled Hamad Al-Sulaiti on the occasion of his duties," the office said in a statement, noting that "the two sides discussed the development of parliamentary relations between the two countries."

"Halaboussi congratulated al-Salaiti on his appointment as ambassador to Baghdad and wished him success and work on developing relations between the two countries."

Al-Halabousi called for expanding economic exchange, encouraging companies and investors to invest in Iraq in all fields and contributing to the reconstruction and reconstruction of cities liberated from terrorist gangs.
Halaboussi called "the head of the Shura Council to visit Iraq."

He also visited Halabusi, the Central Committee to compensate those affected as a result of military and terrorist operations in the General Secretariat of the Council of Ministers, according to another statement issued by his office.

He called for speeding up "the completion of transactions of the affected in the liberated provinces," noting that "the delay in the payment of their dues is an obstacle to their return to their areas and achieve stability."

link

 

1 hour ago, msdee said:

Why aren't you guys all over this? Isnt this great news?

 

Because It Was Already Posted Here Yesterday On The Previous Page ! ;) 

 

 

And The Bro’s Accidentally Knocked Out A Few Teeth Last Night Popping The Champagne Corks While Celebrating ! :o 

 
Memes, 🤖, and Page: You complete me..  Fb/DearGoogle Don't like this page, i copy stuffs from there😐
:D  :D  :D 
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The Ministry of Oil intends to sign with an American
company to develop oil production and export sectors


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20th June, 2019

The Undersecretary of the Ministry of Oil Fayad Nima the readiness of the ministry to
sign a multi-billion dollar contract with ExxonMobil in the coming few
days to develop the production and export sectors for oil and gas in the
province of Basra
, stressing that the bombing of one of the camps of the Iraqi Drilling
Company in the area of Bargesia does not affect the work of foreign companies, To develop oil
fields in the province of Basra.


"There is no bombardment, but the fall of one shell on one of the camps of the Iraqi Drilling
Company, which led to the injury of three workers injured," Naima told reporters at the
headquarters of the Ministry of Oil, adding that he did not know the reasons so far. This shell." 

"There will be no such incidents, and there is no record of a similar incident in the south of the
country."


"The bombardment was far from the facilities of foreign oil companies and the Burjisia area is
empty only. It includes a residential complex. The bombing did not affect the work of foreign
companies and the companies were contacted and reassured by the Basra operations
commander, general manager of the Basra oil company and director general of the Iraqi
Drilling Company."

exmo_red-268wide.png
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