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Iraq Stock Exchange signs agreement with US stock exchange on trading technology


سÙ٠اÙعرا٠ÙÙØ£Ùرا٠اÙÙاÙÙØ© ÙÙÙع اتÙاÙÙØ© Ùع بÙرصة اÙÙرÙÙØ© تخص تÙÙÙÙÙجÙا اÙتداÙÙ

 

18th July, 2019

The Iraqi market for Iraqi securities, Thursday, the signing of a new agreement with the US stock exchange on the technology of trading and deposit securities.


"NASDAQ and the Iraq Stock Exchange (ISX) have signed a new agreement to expand their technology relationships for the next five years starting from October 2019," the market said in a statement received by Alsumaria News . "NASDAQ Will continue to license, support and maintain ISX systems and upgrade the next five years trading and deposit technology (CSD) technology."
 
 

"The use of NASDAQ technology is a positive signal for local and international investors and regulators that Iraq will step up its efforts to become an important financial center for securities trading,"said Taha Ahmed Abdul Salam , chief executive of the market. 

For his part, Managing Director , showed the Nasdaq region of the Middle East , Michelle Carlson , "through the next development and use of the latest technological Nasdaq technology, ISX will join the community of stock exchanges in the regionof the Middle East in the deployment of multi - trading high - quality technology assets in line with international standardswe look forward To support ISX while continuing to develop and innovate."

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11 minutes ago, DinarThug said:

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Iraq Stock Exchange signs agreement with US stock exchange on trading technology


سÙ٠اÙعرا٠ÙÙØ£Ùرا٠اÙÙاÙÙØ© ÙÙÙع اتÙاÙÙØ© Ùع بÙرصة اÙÙرÙÙØ© تخص تÙÙÙÙÙجÙا اÙتداÙÙ

 

18th July, 2019

The Iraqi market for Iraqi securities, Thursday, the signing of a new agreement with the US stock exchange on the technology of trading and deposit securities.


"NASDAQ and the Iraq Stock Exchange (ISX) have signed a new agreement to expand their technology relationships for the next five years starting from October 2019," the market said in a statement received by Alsumaria News . "NASDAQ Will continue to license, support system" rel="">support and maintain ISX systems and upgrade the next five years trading and deposit technology (CSD) technology."
 
 

"The use of NASDAQ technology is a positive signal for local and international investors and regulators that Iraq will step up its efforts to become an important financial center for securities trading,"said Taha Ahmed Abdul Salam , chief executive of the market. 

For his part, Managing Director , showed the Nasdaq region of the Middle East , Michelle Carlson , "through the next development and use of the latest technological Nasdaq technology, ISX will join the community of stock exchanges in the regionof the Middle East in the deployment of multi - trading high - quality technology assets in line with international standardswe look forward To support system" rel="">support ISX while continuing to develop and innovate."

 

 

 

I like this one.. ty

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Parliamentary energy: oil money will be cut from the dues of the region by the budget of 2019 and Parliament will host Abdul Mahdi

 

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18th July, 2019

 


The parliamentary committee on oil and energy, on Thursday, that the House of Representatives will require the government to implement the provisions of the federal budget law for the year 2019 to cut oil money from the dues of the financial region, while the House of Representatives will host Prime Minister Adel Abdul Mahdi and the ministers concerned in the coming days.

"The federal budget law for 2019 included a paragraph by deducting oil money from the dues of the financial region if it does not commit to pay the dues of oil exports," said the head of the committee, Hibet Halaboussi.

He added that "Abdul-Mahdi is obliged to apply the law to the region and obligate him to pay the dues of oil exports or resort to taking money from the dues of the financial region in accordance with the budget law," noting that "the House of Representatives will host Abdul Mahdi and oil ministers Thamer Ghadhban and Finance Fouad Hussein to find out why the region's non-compliance To pay the financial dues of oil exports."

The MP for the Fath Alliance Fadhlawi, the first of Tuesday, the preparation of the House of Representatives a paragraph within the draft federal budget law for 2020 included the deduction of dues of the oil of the non-Muslim province to the center according to the agreement.

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On 7/16/2019 at 8:41 AM, DinarThug said:

Boom Shaka-Laka Boom ! :o 

Disclosure of the date of receipt of the 2020 budget and parliamentary finance confirms: There will be a boom in the Iraqi economy


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16th July, 2019

 


A source in the Finance Committee of the parliamentary, on Tuesday, the date of receipt of the draft budget for 2020, while noting that the budget will bring a boom in the Iraqi economy. 

The source said that "the Finance Committee agreed with the Ministry of Finance to receive the draft budget 2020 in September next," noting that "there will be a qualitative boom in the Iraqi economy through drastic changes in public expenditure and investment funds and services."

The source, who preferred not to be named, said that "the 2020 budget will be strengthened by the final accounts and will include tables on internal and external indebtedness, taxes, customs, border crossings and returns of state property." 

He pointed out that "the draft budget 2020 is now working on a specialized team, under the supervision of Prime Minister Adel Abdul Mahdi, will include two prices of oil fixed and moving."

 

Yo Pitcher - Ur Up ! :o 

 

:D  :D  :D 

 

 

7-18-2019   Newshound Guru MilitiaMan  

"Disclosure of the date of receipt of the 2020 budget and parliamentary finance confirms:

There will be a boom in the Iraqi economy"   

The amendment in the amended 2019 budget will usher the 2020 in.  

Kurds are happy campers today...

Alak told us that...Iraq Banks were to EMBARK on electronic banking...

Well to do that and to open private satellite banks globally needs a rate change.

The IMF meeting Friday may have the numbers they need to dot I s and cross T s.  ...

We even now here buzz around the world that China has something in store for the world...

Our side of the pond wants a level playing field and I'll bet the apposing pitcher is about to throw the first pitch.. imo.

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To the attention of the honorable Prime Minister, the Iraqi economy is built by his sons


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18th July, 2019 by Samir Al Nusairi

 

That the observer and observer of the role of economic institutions during the years of economic and security shocks experienced by Iraq in terms of managing the economy to achieve the goal of stability in the financial system and monetary system to achieve economic stability

It is noted that there are failures, challenges and blurred pages related to the loss of methodology and the lack of clarity of policies and programs and the lack of harmony of strategies prepared in partnership with international organizations and experts and consultants with the Iraqi reality of the Iraqi economy monolithic resources, which depends mainly on oil rent and the result of structural imbalance in the economy because of the deficit Non-oil revenue, deficit in the balance of payments and the continuing wage in public budgets and weak coordination between the fiscal and monetary policies in addition to the mismanagement of public funds and the obvious weakness in the economic leadership of most economic institutions And not to give an active role to the private sector and its involvement in economic decision-making

All the above failures add to the economic stagnation, falling oil prices, the unstable business environment and the war on terror that led to the failure of visions to build a solid national economy capable of drawing the precursors of transition to a market economy. And that the above challenges created the pessimism and gloomy outlook of our economic future in many of our national economic elites and your noble generosity. You were one of those who responded to these challenges by work, thought and pen, but the honorable President of the Council of Ministers

Despite all these challenges, there were bright points, experiences, policies, promising procedures and success experiences of some economic institutions during the lean years, clearly and effectively over the years (2015-2019

One of the brightest points in this process is the experience of the Central Bank of Iraq in supporting the national economy while preserving its independence and its functions and objectives set out in its Law No. 56 of 2004, which is its contribution to supporting the national economy and achieving economic steadfastness and strengthening the decisive victory over terrorism

I do not want to clarify the executive and development procedures and build balanced relations with Arab, regional and foreign banks and the liquidation of (700) negative note confirmed on the financial situation and the World Bank report on Iraq for 2012

(2016-2020), the results achieved on the scope of monetary policy applications internally, and the conviction of international financial institutions and organizations. As confirmed in official reports, the success of the central bank's policy of achieving an important transition of the Iraqi economy outside the gray zone (monitoring and review) According to FATF

As far as we are concerned with the economic, financial and banking affairs of the executive procedures and instruments of monetary policy applications, the Bank has played a significant role and a clear and distinguished professional effort based on its team and its economic and financial cadres and experts and its board of directors in supporting the national economy and strengthening the state treasury and its various initiatives and initiatives to revitalize the economic cycle and enhance liquidity. To pay the salaries of employees and the entitlements of contractors and farmers, and to re-establish coordination bridges between the fiscal and monetary policies and propose new economic and structural policies for the preparation of budgets. General for the coming years and attempts to restore confidence in the banking system

The most important achievement is to stabilize the exchange rate of the local currency compared to the US dollar and to maintain the maintenance of foreign reserves sufficient in accordance with the standards of the International Monetary Fund

The Central Bank's management has proved its clear ability to interact and analyze the obstacles to work and create the conditions to overcome the challenges. The road is still long before the Central Bank and the competent government agencies in order to achieve a sound national economy. I urge you to interact with the bright economic points achieved by the Central Bank. Stimulates and supports its steps to work and to make more fruitful efforts for the purpose of implementing what is stated in the government curriculum and completion of achieving the objectives of its main and subsidiary strategy and achieve stability in the monetary system and thus achieve economic stability and build our national economy And the welfare of society. Because the Iraqi economy to its builders except its sons

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Trump Announces the Destruction of an Iranian Aircraft Plane Threatened by an American Barge


تراÙب ÙعÙ٠تدÙÙر طائرة ÙسÙرة اÙراÙÙØ© Ùددت بارجة اÙÙرÙÙØ©

 

19th July, 2019

 

US President Donald Trump on Thursday announced the destruction of an Iranian aircraft that threatened an American convoy.

 

Trump said in a press statement that "a march plane approached the USS USS in the Strait of Hormuz."
 
"The plane approached the barge at a distance of one thousand yards," he said, adding that "the plane was destroyed immediately."
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Is it the spark of war .. Trump announced the destruction of an Iranian aircraft plane threatened an American barge


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18th July, 2019

 

US President Donald Trump announced on Thursday the destruction of an Iranian aircraft that threatened an American convoy. Trump said in a press statement that "a march plane approached the USS USS in the Strait of Hormuz."  "The plane approached the barge at a distance of one thousand yards," he said, adding that "the plane was destroyed immediately."

Do the planes ignite the war?

Is raising the number of aircraft on reconnaissance missions and attacks across the Middle East. US officials say the United States believes the attacks have increased in recent times, and even claims that the aircraft are monitoring US troops and bases in the country, which are commercially available. The planes are deployed in places such as Yemen, Syria, the Strait of Hormuz and Iraq, according to US officials.

As for the role of Iran, a US official who asked not to be identified said that besides the reconnaissance missions, Iranian warplanes could drop ammunition or even carry out "a suicide mission where they are equipped with explosives and directed to a target." Houthi's forces in Yemen have significantly increased their attacks using aircraft in the past few months, attacking airports and oil facilities in Saudi Arabia.

Last month Iran approached a war with the United States after Tehran dropped a US airliner with a surface-to-air missile, in a move that did not prompt US President Donald Trump to launch a retaliatory strike. Current and former security officials and analysts say the increasing use of marines is a strategy against US interests.

The first US official estimates that Iran is currently flying two or three planes over the Gulf waters per day, making it an essential part of Iran's efforts to monitor the Strait of Hormuz, through which a fifth of the world's oil supplies pass. "We have seen an increase in aircraft activity in Iraq near our bases and facilities," a US official said. "Of course, the marching aircraft we have seen are commercial and sold normally, so obviously it's an undeniable activity for aircraft flying in Iraq," he said.

Mortar rounds and rockets have been fired in recent weeks on bases in Iraq with US troops, without wounding US soldiers. US officials have not linked the attacks to increased surveillance. In Iraq, popular crowd groups used aircraft in 2014 and 2015 during battles to reclaim areas of Daash's grip, according to security officials in Iraq.

Iran is a leader in this field

Iran boasted in March of complex military training involving 50 marching aircraft. In a video broadcast on state television, waves of aircraft flying fast in the sky flew in a show of force to highlight Iran's locally developed aircraft program, a program it had been working on for years. But the question that remains open here is about the actual levels of technology that you use most often, "said Douglas Barry, a researcher at the London-based International Institute for Strategic Studies.

US technology may have been used to improve Iran's aircraft program. A sophisticated US RQ-170 Sentinel reconnaissance plane crashed in eastern Iran in 2011, and Revolutionary Guard commanders said they were able to apply reverse engineering, a claim some security officials and analysts have questioned. "They have already shown some aircraft that seem increasingly sophisticated with their ability to carry guided weapons and carry out long-range reconnaissance missions," said Jeremy Penny, Middle East and Africa editor for Jane's Defense Weekly.

US forces dropped Iranian-made aircraft in 2017 in Syria after it saw it as a threat to US-backed forces and its advisers.

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Oil rises as tension mounts in Gulf

 

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19th July, 2019


Oil prices jumped on Friday as tensions rose in the Gulf, where US President Donald Trump announced that his country had dropped an Iranian drones, while Tahran said it had stopped a foreign oil tanker in the Gulf.

By 09:54 Moscow time, Brent crude was trading at $ 62.74 a barrel, up 1.31% from the previous settlement. US crude futures rose 0.78% to $ 55.73 a barrel.

The rise was supported by increased tension in the Gulf region, after Trump announced that the US destroyer Boxer had destroyed an Iranian marlin approaching 1,000 meters in the Strait of Hormuz.

It announced that Iran it had stopped a foreign oil tanker in the Gulf markets, boosting oil supply.

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How does corruption in Iraq threaten ordinary citizens and foreign investors?

 

- One Day Ago
 
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The website of a modern diplomat published a report on the political and humanitarian challenge that has become as important and perhaps more complex than terrorism in Iraq.

The British website pointed out that the levels of corruption in Iraq have witnessed an unprecedented rise, which negatively affected the basic relationship between the Iraqi state and its citizens.

Samantha Maalouf, an international relations research assistant, said ordinary citizens were the only ones at risk because of the country's endemic culture of xenophobia and foreign investors, such as the French telecom giant Orange, And their exit from the market, which requires enormous support.

"The lack of credibility and legitimacy of official government institutions in Iraq is the focus of the many difficulties in the country "

The lack of credibility and legitimacy of official government institutions in Iraq is at the heart of the country's many difficulties, including the government's futile attempts to fight the state's organization during its first offensive in 2014, to the graft that appears to have been carried out in every national bureaucracy.

For example, the impact of this corruption on governance is what is happening in the semi-autonomous Kurdistan region, where the region is dominated by Barzani's powerful family, which recently gained a degree of "ownership" in its control after the election of two of its members, Messerur Barzani and Najran Barzani, As Prime Minister and President of the Territory.

Maalouf said the failure of Barzani's family to seize one of the country's most prominent investors - Orange France - also illustrates the absolute sense of immunity felt by Iraqi leaders when it comes to plundering the country's wealth for themselves. Economic statistics in the region remain bleak despite years of foreign aid.

Despite its oil wealth, the region is facing stagnation, high unemployment and power cuts, the control of construction projects and government ministries has made public education in the region face severe shortages in schools and teachers, she said.

While international companies such as Orange find refuge in foreign havens, ordinary Iraqis find that they have no choice but to live with organized corruption and lack of accountability every day.

In the face of such a bleak picture, unless the governments that govern Iraq seriously consider its handling of the country's resources, it is only a matter of time before the next major period of instability begins.

Source: Modern Diplomat

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On 7/16/2019 at 5:43 AM, DinarThug said:

Finance Committee in the House of Representatives: a surplus of funds due to high oil prices


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16th July, 2019

 


The Finance Committee in the House of Representatives, Tuesday, July 16, 2019, a surplus of funds due to high oil prices, and record low price in the budget of 2019.

"The price of oil in all budgets is set by experts in a speculative manner, even if there is a rise or fall in world oil prices," said committee commissioner Ahmed al-Saffar. 

Al-Saffar said that "there is a financial surplus, because the price of a barrel in the budget (56), in fact, is much higher, this money will be within the supplementary budget, which is distributed after half a year, if there is a financial surplus, Surplus".

"The distribution of the supplementary budget funds is the responsibility of the ministries of finance and planning, and the House of Representatives has a role to do so, and be distributed according to regions and provinces that have received a few allocations, or is allocated part of this money for important projects, Likely that "the next few days, will witness the preparation and distribution of the supplementary budget."

 

7-19-2019   Newshound Guru MilitiaMan  

"Finance Committee in the House of Representatives: a surplus of funds due to high oil prices"    ...

That money is for the citizens imo per the constitution

It was reported that 2018 had one too.  They would have told the IMF back on the 04/10/2019 by law...imo...

So if they are going to distribute the fair share to the citizens that is to be in the coming days.

As in a few...

lol Looking good...

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The Central Bank denies any smuggling of Iraqi currency by funds

 

The Central Bank denies any smuggling of Iraqi currency by funds
 
 
19th July, 2019
 
 
Denied the Central Bank of Iraq, any smuggling of the Iraqi currency.
 

A statement issued by the bank said that "some social media outlets have broadcast a video clip showing some Iraqi currency categories in boxes labeled "Central Bank of Iraq", which has provoked a crackdown on smuggling of the Iraqi currency. To show the following: 

1. The funds presented do not belong to the Central Bank, and differ from the funds in the Iraqi currency, in terms of shape, color, material and size 

2. The Central Bank followed up with the security authorities, the Ministry of Foreign Affairs and embassies of the countries mentioned in the video clip. Note that there are previous cases proved the He urged them, by the security services, not entirely true. 

3. Has not been found, so far, these papers have not been publicly displayed in any country, and the current investigation proved it images and movies only.

4. The central bank prints its currency in the global printing houses, and monitors its production, from the paper making to the final version, according to tables and serial numbers to check every stage until it is received in Iraq. 

5. We warn of the confusion that is taking place with the aim of undermining the country and its successful institutions, including the Central Bank.  The sooner one of these institutions succeeds domestically and internationally, the more they come under such slander. The attack comes in line with the announcement of the bank's growth of reserves and control of the exchange rate, in order to reduce this success.  He called on the Central Bank "to all media, accurate handling of the news, because of the inaccurate news of the negative effects on the stability of the financial system and banking in Iraq."


###############

 

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Central Bank: The funds that appeared in the video registration do not belong to us


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19th July, 2019


The Central Bank of Iraq issued on Friday a clarification on the clip of a photographer traded social networking sites showing money placed in boxes bearing his name and returned to him on charges of smuggling the Iraqi currency, stressing that the funds that appeared in the video recording does not belong to the bank.

The bank said in a statement, a copy of it, that "some social media channeled a video clip showing some categories of the Iraqi currency, in boxes written by the name of the Central Bank of Iraq, which provoked a disruption of the smuggling of the Iraqi currency, Denying "any smuggling operation."
 
He added that "the funds offered do not belong to the Central Bank, and differ from the funds in the Iraqi currency, in terms of shape, color, material and size," pointing to "his follow-up with the security authorities, the Ministry of Foreign Affairs and embassies of the countries mentioned in the video clip." He pointed out that "there are previous cases proved by the search by the security services, not completely correct," stressing that "has not been found, so far, these papers have not been presented publicly in any country, and confirmed the current investigations that they are pictures and films Just".
 
The central bank explained that it "prints its currency in the global printing houses and monitors its production, starting with making the paper to the final version, according to serial numbers and serial numbers that scrutinize each stage until it is received in Iraq," warning of " , And from its successful institutions, including the Central Bank, the sooner one of these institutions achieved success locally and internationally, has been subjected to such slander.
 

He pointed out that "this attack comes today, coinciding with the announcement of the bank on the growth of reserves and control of the exchange rate, in order to reduce this success," calling on all media to "be accurate in dealing with the news, because of the inaccurate news of the negative effects on the stability of the financial system And the banker in Iraq."

 

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The Central Bank denies any smuggling operation to Iraqi currency categories    LINK

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Investment climates

 

Friday 19 July 2019

Thamer Hymes

The United Nations says the improvement in the security situation in Iraq encourages investment, praising the role of the Prime Minister's Office through the National Operations Center, in facilitating the missions of international agencies on the political, humanitarian and development aspects.

This constitutes a positive support for the investment law and activates it, and this motivates us to seriously review the achievements and climates of the first half of the current year and according to the ministerial curriculum, despite our knowledge of the new and established obstacles before and after the issuance of the curriculum.

From the legal point of view, in order to ensure the smooth flow of the investment portfolio, we note that the effective commercial law that made the private and mixed sectors complementary to the public sector, in its article 132, means that there is no place for the private sector distinguished and makes our environment repulsive for investment, The Baath Party.

Bremer's economic laws, in particular, do not create a state of institutions in response to its transition, and the investment climate in the oil industry, for example, is incomplete without the oil and gas law.

The administrative aspect of its old, modern bureaucracy is also still incomplete without a service council to put the right man in his proper place, regardless of the considerations that continue to act as the cause of all non-objective obstacles.

In the file of water resources, for example, we find that what is allocated to it is the least in terms of dams, reservoirs, systems and river cisterns, which may threaten our food security under importation Random.

On the development side, only a few months left of the current year, and loans from small and medium-sized enterprises, monitored by Central Trillona and 700 billion dinars, have not been disbursed by the relevant banks at a time when the housing crisis is growing, Percent of our manufacturing industry and absorb unemployment for dozens of related professions.

Moreover, the housing industry, with its prosperity, is a great challenge to the depleted importer of our difficult currency. 
If we were to control our market, we would have to pay $ 10 billion. The role of the Ministry of Planning is to highlight the role of the Ministry of Planning, And outputs, and the marking of this is legal, since electric power is an absolute priority as an infrastructure, it is impossible to imagine any sector that grows without it.

In spite of all this, we do not deny the achievements of the projects during the last period, despite the fact that they are low and do not rise to the level of investment in the governorates. level Ambition.
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Iraq's fourth Arab possession of US bonds

 

Friday 19 July 2019

alsabaah-16106.jpg

 

Baghdad / follow-up
Iraq raised its ownership of US Treasuries by 40.41 percent in May on a year-on-year basis, up 9.9 billion dollars.
According to US Treasury data, Iraq's holdings of US Treasuries were $ 34.4 billion,To $ 24.5 billion in May
2018.
Iraq ranked fourth among the Arab countries that own US bonds, after the Saudi Arab list topped $ 179 billion, the UAE $ 53.2 billion and Kuwait $ 41.4 billion.
 
Reduction of debt instruments
On a monthly basis, Iraq continued to reduce its ownership of US debt instruments for the second month in a row; after falling in May compared to its value of $ 35.4 billion in April 2019, a decline of $ 1 billion, percent.
Iraq's ownership of US bonds was $ 36.2 billion in March 2019. 
Iraq's holdings of US debt instruments have fallen slightly to 0.6 percent since the start of the year, compared with a $ 34.6 billion stake by the end of the year 2018.
 
Treasury bills investments
What the US Treasury has disclosed in its monthly statements is US investments in US Treasuries and Treasury bills only, not including those in the United States, Governmental or private.
Globally, China topped the list of US bondholders in May 2019, with $ 1.110 trillion, followed by Japan at $ 1.101 trillion, Saudi Arabia ranked first ten.

Value of US Bonds
US bonds rose 5.2 percent in May on a year-on-year basis to $ 6.539 trillion, from $ 6.215 trillion in the same month in 2018.
US bonds rose 1.6 percent in May from April to $ 6.434 trillion, an increase of $ 105.5 billion Dollars.
In April, Iraq raised its ownership of US debt instruments by 58.04 percent year-on-year.

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