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    • By Butifldrm
      A high-level banking delegation discusses the reality of banking challenges   A part of the banking delegation. "Economy News"     Banks

      Economy News Erbil
      During a visit to the branch of the Central Bank of Iraq in the Kurdistan region, a high-level banking delegation discussed on Thursday the most important challenges that hinder banking performance and curtail its role in achieving development and supporting projects.
      The delegation was headed by the President of the Association of Iraqi Private Banks, Wadih al-Handal, and the Chairman of the Board of Directors of Erbil Bank and a team of the Association of Banks in the region.
      The delegation held upon arrival an important meeting with the Director General of the Central Bank in the region and the presence of the Central Bank of Iraq adviser and a number of senior officials.
      The meeting decided to address the decision of the Tax Authority in the region, which ordered the closure of one of the branches of the Bank of Erbil in contravention of customs and laws under the pretext of non-payment of taxes the bank owed to the Commission.
      In turn, the Chairman of the Board of Directors of Erbil Bank presented the evidentiary receipts for tax accounting.
      The participants appealed to the Government of the Territory through the Minister of Finance to lift the injustice from the Bank of Erbil and to the detriment of the reputation of private banks.
      The meeting stressed that the issue of settling the problem of double taxes has been resolved between the region and the Center and that the Banking Law requires coordination with the Central Bank before taking any action towards banks.
        Views: 48   Date Added: 31/10/2019
    • By yota691
      Interpol informs Kurdistan that the handover of Najmuddin will be to Baghdad, not to Arbil
      Political | 12:28 - 22/05/2019
            BAGHDAD - 
      An Iraqi source in Beirut revealed on Wednesday the repercussions of the arrest of Najmuddin Karim, the former governor of Kirkuk, pointing out that Interpol told Kurdistan that the handover of Najmuddin would be to Baghdad, not to Arbil. 
      The source said, according to "RT", "contacts are conducted by the federal judiciary in Baghdad and the Kurdistan region of Iraq to receive Karim, who was arrested yesterday at Beirut airport, and there are differences between Baghdad and Erbil on the matter, but Interpol confirmed that the detainee will not be handed over to the federal judiciary" . 
      He added that "INTERPOL informed the Iraqi Kurdistan authorities that the arrest was based on a memorandum issued by the federal government and not from Kurdistan, so the extradition process will not be for Erbil." 
      He pointed out, "the existence of intensive contacts between Iraqi political leaders and officials in Lebanon for his release," noting that "Karim position in the area of Badaro."
    • By Butifldrm
      Barzani: Kurdistan and Kirkuk decision to secede from Iraq soon.
      Last updated: 3 may 2017-1:08 m Erbil/Iraq News Network-new President of Kurdistan region Massoud Barzani, on Wednesday, his emphasis on secession from Iraq this year, claiming that the separation of Kurdistan would not create problems for neighboring countries. Barzani said in an interview with the French newspaper Le Figaro, "the time has come for the independence of Kurdistan and we wish and get it through dialogue and understanding and peacefully with Iraq." despite efforts made since about a century to preserve the unity of Iraq, the Kurds destroyed and rewarded with 4500 burning of villages and attack them with chemical weapons ", indicating To "wake alone provided more than 10 thousands of victims killed by the Iraqi Government." he noted that "after 2003 we thought through the new Constitution that we are going to open a new page regarding our rights but Baghdad cut off financial budget and did not meet their obligations."
      Barzani reiterated his assurance that the "Kurdistan wants to establish good relations with its neighbours," unlikely to create Kurdistan secession problems for neighboring countries, saying "separation will not cause new political problems but would contribute in solving existing problems and future French President Barzani to" support the separation of Kurdistan or at least not opposition. "
      In response to a question on whether Barzani has got international safeguards on separation, Barzani said the Kurdish people would make the decision, and will never be a Kurdish State if we wait for her simply as a gift granted by the international community. "and" the first stage will be a referendum, and this happens in a few days, "adding that" the referendum is a legitimate right of Kurds and we need a mandate from the people to begin long negotiations with Baghdad "." as long as Baghdad refused to be real partners with them we intend to Be good neighbors, and that's what I want to say to those who are worried about it. "
      Regarding the war against ISIS, Barzani noted that "defeat ISIS will not solve all the problems of Iraq, warning that" the terrorist group will probably petty and another address if conditions in Iraq remain unchanged and no elimination of radical ideology in the region "." after the battle of Mosul should stay us-led coalition in Iraq and Kurdistan for a while, until alkdaH the final ISIS to protect security and stability in the region, "Barzani that" foreign military forces can play a role in rebuilding the war-torn Mosul, describing military cooperation with France in Mosul as "excellent, French intelligence provided substantial assistance to the Iraqi forces." and "Kirkuk, Kirkuk is without a doubt the question in terms of history and geography", but "but that doesn't mean it's a Kurdish city, but there are Christians, Arabs and Turkmens who live there too, and no We want another component materiality in this city that we want a referendum to decide its fate all components respect the referendum results. "but if had any military or political groups tried to change the situation in Kirkuk and put pressure on our citizens, we will do whatever is necessary to protect them."
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