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Telecom announces the launch of the passenger card "Master Card"

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26th June, 2019


The Ministry of Communications announced on Wednesday the launch of the Master Card after providing it with direct sales centers on both sides of Karkh and Rusafa.  "The General Post and Savings Company has launched a new service for shopping through the MasterCard card, which is used for electronic shopping purposes and purchase of necessities and supplies," said Amir Al Bayati, the senior agent for technical affairs in the ministry. All as well as booking tickets and other electronic shopping in the local and international markets."

Al-Bayati added that "the company provided the card in the direct sales centers in the offices of post departments in the universities of Baghdad and Mustansiriyah and rivers and Al-Mansur University College and the areas of New Baghdad and officers and July 14 and Jadriya and Victory University and the College of Medicine and Kadhimiya Post Office Baghdad," noting that "A citizen shall purchase the card through these offices for an amount not exceeding $ 25 or its equivalent in Iraqi Dinars, by bringing one of the official documents 'Civil ID, Standard Card or Passport'.

He continued, "During the use of the card and run out the amount they contain is shipped and packaged according to the needs of citizens of Mali in the amount of ten dollars to 10 thousand dollars, and is the " Master Card "card international card containing a secret number used by the citizen after buying.  The card can be activated through the mobile number of the citizen and then reach a message with a secret "code" for the card and can not penetrate the account card in any form because it is fully insured in terms of entering information and "code" for each card.

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Al Attar congratulates the TBI : an honorable march of successful banking

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26th June, 2019


The Deputy Chairman of the Arab Mashreq Islamic Investment Bank Ghadir Al-Attar on Wednesday presented congratulations and congratulations to the Iraqi Trade Bank (TBI) on the occasion of the opening of its new headquarters in central Baghdad".

Al-Attar said in a statement received by Mawazine News, Congratulations and congratulations to the Iraqi Bank for Trade "TBI" on the occasion of the opening of the new headquarters of the General Directorate in the street Rashid in central Baghdad," noting the importance of "the role of the Iraqi Bank for trade in the banking sector in the country." 

"Attar pointed out that "TBI has an honorable history of banking And monetary within the country and has a good reputation q Handled by his staff," noting that "the bank sector continuously grow at the level of the bank and the provision of financial services and the most prominent among banks is the Trade Bank of Iraq."

At the end of the statement, Al Attar wished the General Administration of the Iraqi Bank for Trade and all its employees continued success in providing the best banking and financial solutions for the benefit of the public."

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New sanctions tighten the blockade on Iran and the next step to prevent them from using "Swift" for remittances

- 5 Hours Ago
 

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TEHRAN - Tehran has tried to minimize the impact of new economic sanctions signed by US President Donald Trump yesterday, although the measures target Supreme Leader Ali Khamenei, the country's top figure, as well as key military commanders. If Foreign Minister Mohammed Javad Zarif is added to the list this week, the US Treasury Secretary says, his trips to the UN headquarters in New York will stop, and his frequent appearances on US television stations, which he has long used to address American and global public opinion, will diminish. But after that point, Iran has become the threat of continued escalation with the United States, both in terms of repeating incidents in the Strait of Hormuz, or in the determination of its leadership to breach its nuclear commitments in the July 2015 agreement.

Closing doors

Iran's Consul-General in the United Arab Emirates, Abdul Rasool Dukahaki, said Washington had imposed sanctions on high-ranking officials, led by Iran's Supreme Leader Ayatollah Ali Khamenei, thus closing the door to diplomacy. "The United States is seeking to impose various types of embargo on Iran, and every siege imposed on its country will face resistance from both the Iranian leadership and the people," Dukahki told the Independent. "The blockade is unjust and contrary to international law, , And called on the United States to improve the ethics of dealing with his country, denying accusations that the funds of Iranian officials are involved in financing agents of Tehran terrorist groups.

Khamenei and Zarif

The Iranian press responded sarcastically to the US decision. "Khamenei never travels abroad, and the system he runs does not depend much on international banking," she said. "The ban on entering the United States or dealing with US financial institutions makes no sense," she said, adding that the same applies to most Revolutionary Guards officers who were sanctioned on Monday. According to Iran's political system, Khamenei's approval is essential in any talks with Washington, and sanctions will not be easy to give. But it was more surprising to add Iranian Foreign Minister Mohammad Jawad Zarif to the sanctions list. The Iranian diplomat has been educated in the United States, classified as moderates within the regime, and will be the main channel for any future negotiations, and believes that the punishment of Zarif will undermine calls for the reopening of nuclear talks.

Nuclear paper

By playing cards on the table, the Iranian government in turn accelerated another crisis, escalating the nuclear issue, declaring it would begin to free itself from its obligations by July 7. And will revive its own centrifuges if other signatories to the 2015 agreement do not balance the economic impact of US sanctions. It is clear that the embargo imposed on it since Washington withdrew from the agreement in May 2018 has reduced its oil exports.

Economic war

The administration of President Trump seeks to make Iranian oil exports "as close to zero", saying it will be able to reach it during this year. "Iranian oil exports fell from 1.5 million bpd in October 2018 to 750,000 bpd in April this year," Bloomberg said. In May, the United States canceled the last exceptions that allowed 8 countries to continue buying Iranian oil. Turkey and India announced they had suspended their dealings with Tehran. In June, Iran announced that it continued to export its oil through "informal and non-conventional sales". In addition to crude oil, sanctions also target light oil. The second important sector is petrochemicals. On June 7, Washington imposed sanctions on the largest conglomerate companies associated with the Revolutionary Guards. The company, with its subsidiaries, accounts for about 40% of Iran's petrochemical production and 50% of its exports. Washington considers this group to provide financial support to the Revolutionary Guards' Khat al-Anbiya group and is active in most of Iran's vast infrastructure projects.

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Security Council Urges Dialogue ... Tehran: Sanctions on Khamenei End of Diplomacy

Trump imposes sanctions on Khamenei ... and Zarif will be added to the list soon 

and Washington in August 2018 prevented the Iranian government from buying the dollar, which led to great difficulties for the population and companies. Transactions between foreign financial institutions, the Central Bank of Iran and all Iranian banks were also banned. These banks no longer have access to the global financial system, and the exchange of gold and precious metals with Iran has been banned. The auto and commercial aviation sectors, which benefited from an opening period with sanctions lifted after the nuclear deal was reached, imposed sanctions and most European automakers abandoned their investments in Iran. Sanctions were also imposed on shipbuilding and shipping. Washington has banned the import of Iranian carpets or foodstuffs.

The Wealth of Khamenei

Supreme Leader Ali Khamenei oversees an organization known as Citad, which seized all abandoned property after the 1979 revolution and turned into a commercial tycoon of about $ 95 billion. SITAD has been subject to US sanctions, but the new decision by Tramp went to target anyone related to Khamenei, especially those who are boarders of the company or those in the shadowy subsidiary, which has broad powers. The administration is waiting to see whether Tehran will eventually have to surrender and accept negotiations.

Khamenei oversees the "Setad" organization, which confiscated all the abandoned properties after the revolution of 1979 and turned to "Tagot" commercial (AB) 

system "Swift"

Mohammad Ramadan, an expert on Iranian affairs, predicted that the next target would be the banking remittance system, which would prevent the transfer of any funds from and to Iran from anywhere in the world. He mentioned the decision of former President Barack Obama to stop the payment system "Swift" from Iran, and that the penalty is very influential. He predicted that Trump would take a similar step. "We should not forget that the system has tracking boxes for the supreme leader," Ramadan said. These endowments hide under its umbrella several companies closely linked to the Iranian economy. "In addition, the Iranian regime is printing money on an ongoing basis, which is why the Iranian currency has fallen dramatically, and the level of inflation in Iran has also risen significantly.

Asked about the new sanctions, the Brigadier General and retired military expert Khaled Hamadeh said: "It is an American message that no one is excluded from the symbols of the existing regime. The inclusion of eight officials in the Revolutionary Guards cuts through diplomacy and prevents bank immunity from personal accounts. Khamenei, and those included with him for not circumventing US sanctions and using their personal names in money transfers. " Hamada believes that the decision of the White House and not through the US Treasury "means that the presidential decision is not allowed to circumvent it, and give him a lot of seriousness, as if the title of the next phase."

A desperate wait

Iran is currently trying to hide a desperate wait. The Iranians are betting that Trump will not go to war, and they will find a negotiating outlet at a time to avoid confrontation or isolation in the way of Cuba or North Korea. They consider that Washington, in their view, is interested above all in the dialogue on the nuclear issue. Iran's central bank reserves, estimated at $ 110 billion, including $ 50 billion in cash, still allow them to carry about two years of state imports, despite the sanctions and the need to spend on basic necessities to support the poorest. This is enough to hold the US presidential election in 2020, the only horizon for the Iranian state. The moderate and conservative Iranian factions, which are almost united in the local political approach, hope that the Democratic candidate will reach the White House.

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President of the Association of Iraqi Private Banks Participates in the 2019 Arab International Banking Summit


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26th June, 2019

The President of the Association of Iraqi Private Banks, Wadih Al-Hanalal, participated in the Arab International Banking Summit (IABS) of 2019 held in Rome, Italy

Al-Hantal met a number of officials there and men from the Arab and international banking sector and briefed them on the latest developments in the Iraqi banking sector and highlighted the achievements of the recent period

Al-Hantal discussed with the attendees at the summit means of joint cooperation between the Iraqi and international banking sector and exchanging experiences

The summit was organized by the Union of Arab Banks entitled "Euro-Arab Mediterranean Dialogue for a Better Economic Zone"

The Chairman of the Union of Arab Banks, Sheikh Mohammed Al-Jarrah Al-Sabah, presented some indicators of the Arab banking sector, which includes 650 banks, with consolidated assets of $ 3.5 trillion in the first quarter of 2019, thus constituting 140% of the Arab GDP, which is very high

He stressed that the Union of Arab Banks always aspires to be an Arab banking sector free from any conflicts or developments that may hinder its economic and social role, and to remain a strong bridge of communication with international banking and financial institutions and a platform for dialogue on all matters of common Arab action

"For years, our region has been experiencing a decline in growth rates due to its dangerous geopolitical events," said Joseph Tarbey, president of the Association of Banks in Lebanon. "The fireworks are racing to put the region on the edge of the abyss. Nor do we forget the sanctions imposed on the behavior of some countries. Those sanctions have exhausted the domestic product of the countries concerned and have caused their economies to shrink and deteriorate. The influx of foreign direct investment has been affected by this negative environment in the face of international competition focused on attracting investments

"We look forward to this summit with the conviction that EU countries can only maintain their well-being when their immediate neighbors enjoy stability. We therefore call for opening the door to the entry of Mediterranean countries' goods into European markets, benefiting from mutual investments and transferring knowledge. Skills and a broader understanding in the cultural, civilizational and humanitarian fields through cooperation in political, economic and social matters, leading to the establishment of a region of prosperity, peace and free trade

"The European Union is called upon today to actively participate in the process of creating the productive identity of the region, in order to create a space that enjoys the well-being, stability and safety of all parties

Arab League Secretary-General Ahmed Abul-Gheit also stressed the Arab world's economic problems related to competitiveness, business environment, employment and others

"The first priority for Arab governments today is to raise employment rates, especially among young people. This requires creating an environment conducive to innovation, an incubator for innovation, where investment opportunities, both domestic and foreign, are available, especially in employment-generating enterprises, Small and micro. This innovative economic environment can not be launched without a new philosophy for the banking sector and the financial system that will allow funding for such projects, both emerging and small, through various financial and banking instruments

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Federal Court: 75 constitutional cases have been resolved since the beginning of this year

 

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26th June, 2019


The Federal Supreme Court announced on Wednesday that it has resolved 75 constitutional cases since the beginning of this year, pointing out a significant increase in the number of its sessions.

"The Supreme Federal Court has held 24 meetings since the beginning of this year until the end of June, at the rate of one session per week," said Ayas al-Samuk, a spokesman for the court. "This number of hearings has been a record since the establishment of the court In 2005, and significantly compared to the constitutional courts in the region. "

"The total of what has been settled in those sessions is 75 constitutional proceedings, which represents the largest proportion of what has been introduced during the past six months," adding that "the continuous increase in meetings and the number of settled cases reflects confidence in the constitutional judiciary in Iraq and its ability to issue verdicts Conform to the Constitution in letter and spirit."

The spokesman noted that "the court issued in these cases judgments and important decisions related to the principles of the exercise of powers in accordance with the Constitution," pointing out that "a number of these provisions contributed to the maintenance of the independence of the judiciary, where the rule of unconstitutional materials were exceeding the jurisdiction and powers of judges "He said.

He said that "the court has contributed through the verdicts handed down over the last few months, In promoting the protection of human rights and non-infringement of human dignity, and established mechanisms for the distribution of natural wealth among Iraqis in accordance with the Constitution."

"The Supreme Federal Court is keen on public freedoms and expression of opinion and freedom of the press and the protection of components and rights in accordance with the provisions of the Constitution and international covenants."

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Oil prices rise 2% as US crude stocks fall


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26th June, 2019

Oil prices rose 2% on Wednesday (June 26th) to their highest level in nearly a month as industry data showed US crude inventories fell more than expected, but geopolitical tensions boosted the market

Brent crude futures were up 1.8%, or $ 1.17, to $ 66.22 a barrel. US WTI futures were up $ 59.09 a barrel, up $ 1.26, or 2.2% from the last settlement

US crude inventories fell 7.5 million barrels in the week ending June 21 to 474.5 million, compared with analysts' expectations of a 2.5 million barrel decline

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https://cbi.iq/news/view/1164

Internal Audit Charter

 

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26th June, 2019

Internal Audit Charter 2019 ... Click here to view

Index Page No. 3 5 Topic Introduction Presentation and Mission International Standards for the Professional Practice of Internal Audit Objectives of the Internal Audit Department Stability of Internal Audit Activities Validity Autonomy and Objectivity Responsibilities Quality Assurance and Quality Assurance Program Signature and Approval: | | | | And 10 Terms of Reference Definitions Charter A formal document setting out the purpose, authority and responsibilities of internal audit Board of Directors, Mr. Governor, Audit Committee Senior Management Chief Executive Officer Internal Audit Department pg 2

Introduction The Internal Audit Charter is an official document that establishes the authority, responsibility and responsibility of the Internal Audit Department and the functional position within the Bank, including the functional linkage between the Chief Executive Officer of Internal Audit and Senior Management. Presentation and Mission The purpose of the internal audit is to provide objective assurance and independent advisory services designed to value and improve the Bank's operations. Internal Audit Mission to Promote and Protect the Bank's Values by Providing Emphasis and Corrective and Second Objective Risk Based Outlook. Internal Audit helps the Bank achieve its objectives through a disciplined and structured approach to assess and improve the effectiveness of governance processes, risk management and control. International Standards for the Professional Practice of Internal Audit The Internal Audit Department complies with the International Standards issued by the Institute of Internal Auditors (I) and other relevant institutions. Objectives of the Internal Audit Department To assist the management to ensure the existence, adequacy, efficiency, effectiveness and economy of: In line with its objectives Risk management and potential risks faced by the Bank Internal control procedures Implementation of laws, instructions, policies and procedures relating to the Bank's operations A. Process for continuous improvement of performance Internal audit activities include S internal audit of all operations of the Bank by providing independent evaluations of the Audit Committee and the Board of Directors and cash management on the adequacy, efficiency and effectiveness of governance, risk management and controls activities

Validity a. In order to ensure that the Internal Audit is adequately qualified, maintained and managed to fully perform its responsibilities, the Audit Committee and the Board of Directors ratify the Internal Audit Charter and the Risk Audit in-kind. The Chief Executive Officer of Internal Audit and Investigators shall have the right to have full and complete access to and change in the activities and operations of all Ennek departments and departments, and to collect records, property and individuals in connection with the implementation of such operations. Direct unlimited access to the board to report sensitive matters and communicate without restrictions. Obtain assistance from experts and specialists from inside and outside the bank. The Internal Audit Executive is closely associated with the Audit Committee and administratively with the Governor. The Chief Internal Audit Chief ensures that the internal audit activity conducted by IFD may threaten to do so. Impartiality, including the choice of audit, scope, procedures and timeliness, and the periodicity of the issuance and contents of the reports. It shall also inform the concerned authorities in the event of any threat to independence and Conscientious. Internal auditors are required to maintain their objectivity, to rely on the facts and to avoid conflicts of interest in their business in such a manner that they believe in the integrity of the results of their work, and not to rely on the opinions of others. The internal auditor will not have direct responsibility or authority over any activity under investigation, Internal auditors will not perform internal controls, develop procedures, house ambiguities, prepare records or participate in any activity that results in poor governance, including: 1. Evaluate the operations that the internal auditor was responsible for in the previous year. Performance of any Shu'aila detention of the Bank or its affiliated departments. Propose or approve operations outside the scope of internal audit activity. . Except for those who are used to include some operations in the audit team or to assist in internal audit. When internal audit has any roles or responsibilities outside the framework of internal audit, precautions must be taken to reduce the size of its negative tone in the independence and objectivity Internal auditors shall disclose, however, whether in fact or outwardly, any impediment to independence or objectivity. Details of such parties shall be disclosed. Demonstrate professional objectivity in gathering, evaluating and delivering information, on the theme or process that Dom

3. Conducting balanced assessments of all facts and circumstances that are available and appropriate for DUBAI. The Federation of Precautions to avoid unnecessary delay on their judgments, including the strict interests, and the adoption of the judgments of others. The chief audit executive shall support the board of directors and the committee of inquiry on the organizational independence of the internal audit activity at least annually. The chief audit executive shall disclose to the audit committee and the board of directors any intervention and the consequent determination of the scope of the internal audit and the conduct of the investigation and / . Responsibilities of the Chief Internal Auditor - Prepare the risk audit plan (together with the first) and submit it to the senior management for review and approval The communication with the senior management reflects the limited resources required to implement the internal audit plan and provide the necessary proposals to address that risk. And modify the internal audit plan whenever necessary in response to expressions in the Bank's business, risks, processes, programs, systems, and control procedures: Provide any significant changes in the internal audit campaign to senior management. To follow up on the plan and standards 3. Follow up the observations, recommendations and corrective actions, and submit periodic reports to the senior management, including the recommendations that have not been fulfilled • Ensure compliance with the rules of professional conduct (Al-Otaie) • Ensure the existence, development and improvement of capacities, That the recent trends and emergency issues affecting the Bank's business have been taken into account and communicated to senior management whenever it is possible. Ensure that recent trends and successful practices in internal auditing have been taken into consideration. . Preparing the internal policies and procedures for the internal audit and ensuring compliance with it. And ensure compliance with the Bank's policies and procedures that do not conflict with the Internal Audit Charter. In the event of any conflict, the problem will be resolved and delivered to the Board of Directors and the Commission of Inquiry. Ensuring that the performance of the internal audit activity is consistent with international standards, with the following reservations in mind:. To ensure compliance with the standards, and if it is not possible to apply the two parts of the procedures for legal or regulatory reasons, the chief audit executive should disclose this. And adherence to the application of international standards in conjunction with requirements issued by other institutions blood

Quality Assurance and Quality Assurance Program The Internal Audit Department undertakes the implementation of the Quality Assurance and Quality Assurance program, which provides all aspects of internal audit, including the internal audit. Evaluation of the Internal Audit Department's compliance with the terms 2. Evaluation of the extent to which internal investigators have applied the rules of ethics of the Institute of Internal Investigators 3. Assessing the efficiency and effectiveness of internal auditing and identifying opportunities for improvement. II. External assessments are carried out at least every five years by a qualified expert, team or qualified independent entity from outside the Bank. The internal audit reports to the senior management the results of the improvement and improvement of the account program, which includes internal and external evaluations. By Hmah Adel Sa'ad al - Hassoun Azayes Commission of Inquiry). Taha - Ali Fakhir Ismail, Governor of the Iraqi Mercantile Bank

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Iraq seeks to facilitate the granting of entry features for its citizens in Britain


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26th June, 2019


Foreign Minister Mohammed Ali al-Hakim on Wednesday discussed with British Secretary of State for Near Eastern Affairs Andrew Morrison the facilitation of granting entry visas to Iraqis in Britain. 

"The two met with British Secretary of State for Near Eastern Affairs Andrew Morrison during his visit to London," the statement said. "The two sides discussed bilateral relations between the two countries." 

"Iraq seeks to establish the best relations to serve the interests of the two countries," he said, noting that"Iraq is a fertile environment for investment; because of the wealth of many, and security stability, calling for the need for the participation of British companies in the reconstruction of infrastructure, Development of the country".

The statement pointed out that "the meeting discussed ways to open new horizons for cooperation between the two countries, and facilitate the granting of entry visas to Iraqis wishing to visit Britain, and the minister thanked and appreciated Britain's support for Iraq, pointing to the need to continue to support friendly countries."

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And By Coincidence - The Bro’s Are In The Ministry Of Party Planning ! :partyhat:

:D  :D  :D 

 

 

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The Ministry of Planning is considering the development of the private sector

 

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25th June, 2019

Minister of Planning Nouri Sabah al-Dulaimi chaired an expanded meeting of the Higher Steering Committee for the management and development of the private sector, with the participation of relevant bodies in the public sector, the presidents of unions, unions and associations and a number of businessmen.

A statement issued by the ministry, which was received by Al Ahed News on Tuesday, said that the mechanisms and criteria to be adopted in the selection of board members and the development of the private sector to be formed during the coming period were agreed upon. In cooperation with the United Nations Development Program ( UNDP)"  He said.

"The Private Sector Development and Management Council will oversee the development of the private sector and achieve sustainable development of the economy, which will directly contribute to the fight against unemployment, provide greater protection for the local product, and all appropriate conditions for the work of various productive sectors in Iraq," the statement said."

 

Edited by DinarThug
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Parliamentarians demand final accounts for 6 years and reports of investigative committees


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2019/06/25 09:21:05 

 

Baghdad / Range

Members of the House of Representatives demanded yesterday the government to expedite the submission of the final accounts of the past six years to the House of Representatives, and submitted a request to the Presidency of the Parliament on the disclosure of the results of the investigative committees he formed.

The media department of the House of Representatives, in a statement received (range), "Members demanded during the parliament session the need to expedite the submission of the final accounts of the federal budgets of the public from 2013 until now."

The statement added that "he also asked other MPs to brief the Council on the results of the investigative committees established by the Council since the beginning of the parliamentary session and so far." "The team will submit the accounts to the Council of Ministers within the next few weeks to vote and send them to the House of Representatives," government officials said. The officials confirmed that "the audit restricted many irregularities committed by most of the government agencies and observed a clear difference between the numbers confirmed and the disbursements, which is an indication of corruption and manipulation and theft of public money."

The officials pointed out that "because of the lack of an effective budget for 2014, the ministerial team was forced to organize a law called the budget of the final accounts for 2014 to identify the funds that have been spotted and disbursed."

In another context, the Parliament intends to conduct urgent investigations into the contracts of some service and collection companies contracted with the Ministry of Electricity. "The presidency of the council will issue a parliamentary order to the oil and energy parliamentary committee to form an investigative committee on the contracts of service and collection, and the contracts of Kar and Kairouan," the head of the council, Mohamed Halboussi, said in a meeting on Tuesday.

The Integrity Commission had previously called for a review of the performance of the service companies and the contracting authority with the Ministry of Electricity. The Ministry is required to take into consideration the issue of the rehabilitation or maintenance of the electrical network and the scattering of rumors in the fully covered area when concluding the contracts; To the executing company. "In a related context, considered the member of the Parliamentary Integrity Committee morning Taloubi Ugaili, that the collection companies and the service contracted with the Ministry of Electricity companies" problems, "referring to the determination of many members of parliament to cancel the contracts of those companies He said the" Yeh and service in the Ministry of Electricity companies are problems Ugaili no solution, "noting that" we will work in agreement with many of the members of parliament to cancel their contracts with electricity with all our strength. "He added that"

The Ministry of Electricity and the Ministry of Electricity "full responsibility towards the delay file to provide electricity to citizens in the event of insistence on keeping contracts with those companies."

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Here U Go Bro’s ! :o 

 

:D  :D  :D 

 

 

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A source reveals to the Euphrates names of the candidate of the Ministry of Education

 

A source reveals to the Euphrates names of the candidate of the Ministry of Education

 

2019/6/26 16:34

Revealed a political source familiar with the names of the candidates of the Arab project led by Khamis Khanjar Ministry of Education.

 

The source said {the Euphrates News} that "the Arab project led by Khamis Khanjar provided two names for the Prime Minister's Office to choose one of them for the post of Minister of Education, namely Professor [Wasal Najib Al-Azzawi] and {Dr.   (article missing the rest of the name)

He added that "is scheduled to submit Prime Minister Adel Abdul Mahdi, the names of candidates for the House of Representatives on Thursday for the purpose of voting." 
 

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Trade Bank of Iraq celebrates grand opening of new headquarters in Baghdad

Wednesday 26 June 2019

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https://www.menaherald.com/en/money/banking/trade-bank-iraq-celebrates-grand-opening-new-headquarters-baghdad

 

Baghdad - MENA Herald:

Trade Bank of Iraq (TBI) officially opened its new headquarters in a special ceremony held today in Baghdad.

The opening ceremony was held in the presence of the Iraqi Prime minister representative and Adviser Dr Ihssan Al Hakim among other guests including Iraqi public, privet and international banks Directors, Government officials, Diplomats

Located in the heart of the city of Baghdad on Al Rasheed Street, which holds a strong cultural and historic value, the new headquarters wholly owned by the bank is designed to facilitate collaboration as it will bring 670 Baghdad-based employees of TBI under one roof for the first time.

The new HQ comprises of 5 floors with the ground floor set to provide banking services to customers while the remaining floors are dedicated to administrative work.

Walid Eidi, representative of Central Bank of Iraq Governor and the Central Bank Adviser said: “The opening of TBI’s new headquarter is a major step as it increases the number of assets for the Iraqi government.

“This investment is in line with the government’s 3-year National Development Plan which aims for an enhanced asset management among other policies to reach our targeted growth rate for 2022, reaping economic and social benefits for the people of Iraq.”

Faisal Al Haimus, Chairman and President, TBI, said “The new headquarters is a significant milestone for us. It is equipped with state-of-the-art infrastructure that will benefit both our employees and customers.

“Our new corporate headquarters, strategically located in the heart of Baghdad’s city center, is equipped with the latest technologies and modern banking techniques, adopting safety measures in accordance with local and international standards.  

“It is designed to facilitate customer and employee experience and elevate it to the highest standards possible in line with our goals at TBI.”

This major milestone comes at the back of the opening of TBI’s first international branch in Riyadh, Saudi Arabia. The branch in Saudi Arabia is aimed at developing and strengthening relations between the two countries as well as facilitating transactions for Iraqi nationals performing Hajj and Umrah.

The bank recently transferred over 90 million USD, 50% of their net profit for the year 2018, to State Treasury to support and strengthen the economy of Iraq.

TBI is making great strides towards reaching its strategic goals both in business and in assisting the ongoing reconstruction of Iraq as it continues to define its reputation as a competent institution with access to global financial networks.

As TBI moves forward with its strategic plan that will take the bank up to 2021, it continues to play a pivotal and influential role in Iraq’s ongoing recovery and regeneration.

Edited by 6ly410
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2 hours ago, FROSTYJACK said:

Hey Thug. What’s with all the real news w/links in the rumor section. It is very confusing for me. I like my rumors FAKE. 

It is easier to absorb. 😎 go Iraq go RV go Luigi

 

Lol - Although Good Luck Trying To Find The Day’s News Buried At The Bottom Of All Of The Month’s And Year’s Old Threads In The News Section ! :blink:

 

 

Isn’t That Called The Most Absolute Cardinal News Sin Of ‘Burying The Lead’ ? :reading1:  :lmao: 

 

 

At Least Here To Find Some Of The Day’s News U May Only Have To Scroll Back Thru A Dozen Or So Of The Bro’s High Five’s As Well As Their Obsessive Compulsive Need To Finish Each Others Sentences ! :o 

 

 

Go Jumping Jacks !

Go Apple Jacks !

Go Frosty Jacks !

Go Bro’s !

 

:D  :D  :D 

 

Edited by DinarThug
  • Haha 9
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