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The Central Bank establishes a banking relationship with the World Bank's RAMP Program

 

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3rd September, 2019

 
 
The Central Bank of Iraq announces the establishment of a banking relationship with the World Bank's Reserve Management Advisory Program ( RAMP ), which includes investment in bonds it issues.
 
The Bank explains that, through the Department of Investments and External Transfers, a plan has been prepared for cooperation with the World Bank in the management of reserves and investment in bonds issued in dollars, at least $ 300 million.
 
The World Bank's Reserve Management Advisory Program ( RAMP ) is a platform to advise on the development of asset and reserve management in developing countries and international institutions to enable them to maximize their financial resources.
 
Central Bank of Iraq
information Office
September 3, 2019

 

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The Central Bank establishes a banking relationship with a World Bank Program

 

The Central Bank establishes a banking relationship with a World Bank program
 
3rd September, 2019

 

 

The Central Bank of Iraq announced the establishment of a banking relationship with the advisory program for the management of reserves (RAMP) of the World Bank, and this relationship included investment in bonds issued.

 

"The Bank clarifies that through the Department of Investments and Foreign Remittances, a plan has been prepared for cooperation with the World Bank in the management of reserves, and investment in bonds issued in dollar currency, at least $ 300 million," said a central bank statement received by the Euphrates News Agency. 

“The World Bank's Reserve Management Advisory Program (RAMP) is a platform to advise on the development of asset and reserve management in developing countries and international institutions to enable them to maximize their financial resources.”

 

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Central Bank establishes a banking relationship with the program "RAMP"


Central Bank establishes a banking relationship with the program

 

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Central Bank announces strategic banking projects for the next five years


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3rd September, 2019 by Samir al-Nusairi

 

 

In the monthly meeting of the government and private banking leaders, Mr. Ali Al-Alak, Governor of the Central Bank of Iraq, confirmed the continuation of the Bank's approach to stimulate the economy and build the capacity and development of the banking sector in order to move to the development role and contribute to financing investment and reconstruction projects.The exchange rate as the main achievement of monetary policy applications and one of its important objectives, which has positive repercussions on the revitalization of the economy and stabilize the monetary and financial system.  Ed oil as a key resource for revenue and continuing imports of all goods and not to encourage and support local production will inevitably lead to the continuation of the bank offer to sell dollars, according to its law because the reason is not supply but demand for the dollar for the reasons above

The central bank announced at the meeting the launch of its strategy for the next five years to implement 21 projects for the development of the banking business after it was able to most of the main objectives to achieve the sub - first strategy for years (2016 -2020 ) , which became possible that the starting process begins full objectives of monetary policy to achieve the transition to The ranks of international banks sober with the certificate of specialized international financial organizations. And that of the strategic banking projects which have been identified for future objectives and its impact according to a program for each project is limited to periods of implementation and reach the target during the years (2019 - 2023. These are development projects related to achieving financial inclusion such as the settlement of salaries and projects to restore confidence in the banking sector such as the Deposit Guarantee Company, projects for structural, administrative and legal development such as the government guide project, projects for training, rehabilitation, capacity building, classification of banks, and projects to move banks from the role of banking to contribute to development as a syndicated Islamic finance project.  It should be noted here that although the bank has begun planning for these projects since 2016 but also as stated the government is committed to the curriculum as it comes to the banking sector and as targeted by the National Development Plan (2018 - 2022 ) and the vision of Iraq in 2030

The central bank's emphasis on working in accordance with its approach to economic reform since 2015 is anchoring the reality that the central bank and its current administration embody a bright spot in an unstable economic environment for subjective and objective reasons

The results highlighted the experience of the Central Bank in supporting the national economy while maintaining its functions and objectives specified in its law, and its contribution to achieve economic resilience and promote the decisive victory over terrorism

In addition to the results achieved on the scope of applications of monetary policy internally and convince global financial organizations, the most important official reports issued by them confirmed the success of the Central Bank's policy in achieving an important transition to the Iraqi economy and achieve stability in the exchange rate and the recovery of the Iraqi dinar and raise its purchasing power, one of the objectives of strengthening the economy

In addition to his contributions and multiple initiatives to stimulate the economic cycle and enhance liquidity in banks and reach to re-coordinate bridges between the financial and monetary policies and propose new economic and structural policies to prepare public budgets for the coming years on the basis of programs and not items and attempts to restore confidence in the banking system

The Central Bank has demonstrated its clear ability to interact and analyze the obstacles of work and create conditions to overcome the challenges. To build a solid national economy

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Arab Monetary Fund launches a special index for the Iraqi market for securities
 
 
Arab Monetary Fund launches a special index for the Iraqi market for securities
 
Iraq Stock Exchange
 
 
 
03 Sep 2019 02:02 PM
 
 
Direct: The Arab Monetary Fund revealed the inclusion of the Iraqi market for securities officially in the system of Arab financial markets database with the Fund, as of the beginning of September 2019.

The Arab Monetary Fund, in a statement, that the number of Arab financial markets joined the database of the Fund rose to 17 markets with the accession of the Iraqi market.

The Iraqi Stock Exchange currently includes 95 companies, including 28 banks and 5 insurance companies, 23 services, finance and investment companies, and two companies in the telecommunications sector, in addition to 21 companies in the industrial sector, 10 companies in the hotel and tourism sector, and 6 companies in the agriculture sector.

The total market value of the market at the end of 2018 was about 11.356 trillion Iraqi dinars equivalent to $ 9.1 billion, thus being ranked 13th among the Arab financial markets in the market value.

The Fund said that it has started to calculate a special index for the Iraqi market for securities, based on the data as at 31 July 2019 as a base period .

The sample of the index of the Fund for the Iraqi market for the securities of 43 companies, representing a market value of about 80 percent of the total market value as at the end of 2018 .

It is noteworthy that the Arab Monetary Fund calculates, in addition to indicators for the financial markets that join its database, a general composite index, which measures the performance of the Arab financial markets combined, including the Iraqi market for securities as of September 1, 2019

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Erbil is delivering oil and customs revenues to Baghdad

 

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3rd September, 2019
 

 

The Leadership of the Patriotic Union of Kurdistan, Rizan Sheikh, an agreement within the Kurdistan Regional Government of Iraq, to deliver oil revenues and revenues of the border outlets of the federal government in Baghdad. 

She said: "The relationship now between the governments of Baghdad and Erbil is positive, and it can yield important results, the regional government wants to be close to the federal government, because it believes that the strength of the power of a unified Iraq." 

"The main Kurdish parties, the Kurdistan Democratic Party (KDP), the Patriotic Union of Kurdistan (PUK), and the Movement for Change, agreed to strengthen the relationship with Baghdad, end all tensions, and hand over oil and customs imports."

 

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Kurdish leadership: the regional government will hand over oil revenues and ports to Baghdad

 

Kurdish leadership: the regional government will hand over oil revenues and ports to Baghdad
 
 
3/9/2019 14:22 
 
 
The leader of the Patriotic Union of Kurdistan, Razan Sheikh Delir, an agreement within the Kurdistan Regional Government, to deliver oil revenues and revenues of the border outlets of the federal government in Baghdad.

"The relationship now between the governments of Baghdad and Erbil is positive, and it can yield important results. The regional government wants to be close to the federal government, because it sees its strength as the power of a unified Iraq," Diller said in a press statement. 

She added that "the main Kurdish parties, the Kurdistan Democratic Party, the Patriotic Union of Kurdistan, and the Movement for Change, agreed to strengthen the relationship with Baghdad and end all convulsions and the delivery of oil imports and customs."
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Deputy: the first law will be debated by Parliament in its new chapter the abolition of Order 67 on the Inspectors General

 

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3rd September, 2019
 

 

The deputy in the Council of Representatives, Mohammed al-Ghazi, on Tuesday, that the first law will be discussed by the Council separated by the new legislative cancel the order 67 on the establishment of offices of general inspectors. 

Ghazi said, "Chapter III of the parliament will be on controversial laws, and the first law to be discussed by parliament, which will be sent from the Legal Committee is to cancel the order (67) on the establishment of offices of general inspectors."  And that, "the existence of a political agreement on the abolition of this law, as well as the law of oil and gas and the Federal Court and other laws carried out from previous sessions." 

He pointed out, "the subject of special grades in the process of completion," ruled out that "the government is dismissed, but may witness the questioning of some ministers only."  Parliament is scheduled to hold its first legislative session after the 10th of Muharram.

 

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An expert reveals the percentage of salaries and social benefits from the monthly average of the operational budget

 

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Economy 03/09/2019 14:47 173 Editor: ht    

 

Baghdad Today - Baghdad 

 

Manar al-Obeidi, economist, revealed on Tuesday (03 September 2019), the percentage of salaries, grants, subsidies and social welfare, from the monthly average of the operational budget of the Iraqi government.

"Salaries, grants, subsidies and social welfare are more than 96% of the monthly average of the operating budget of the Iraqi government," Obeidi said in a post on his Facebook page.

He added that "salaries occupied the highest rate by 54% to reach 2.72 billion US dollars, followed by the social welfare program by 25% and amounted to 1.247 billion dollars, then the program of grants, subsidies and debt service by 17% and amounted to 850.7 million US dollars."


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Lot of news today Thanks Thugs. Looks like we have 3 channels now. Bros, Thugs and Yota and Butifldrm.  I don’t mind, I read em all Thanks news hounds for all you contribute and the great articles you post everyday.  EVERYDAY!!!!

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17 minutes ago, Pitcher said:

Lot of news today Thanks Thugs. Looks like we have 3 channels now. Bros, Thugs and Yota and Butifldrm.  I don’t mind, I read em all Thanks news hounds for all you contribute and the great articles you post everyday.  EVERYDAY!!!!

Your welcome

i am sleuthing every where

 

where is that ice cream girl

dont really care about anything else

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The US Embassy in Baghdad receives “threats” and makes a request to the Iraqi government

 

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Politics 2019/09/03 15:16 2955    
 

Baghdad Today - Baghdad

 

A source familiar with the US embassy in Baghdad has been threatened by the request to strengthen its protection by the Iraqi government.

The source said in an exclusive interview with (Baghdad today) that "the US embassy received information on August 29, 2019, that it would be exposed to security threats, which prompted it to seek protection from the Iraqi Interior Ministry."

"The Iraqi security forces met the request and provided protection to the embassy on Thursday and Friday, and then withdrew after the danger was removed," he said.

The State Department issued a resolution on Wednesday, May 15, 2019, a decision to reduce the number of members of Washington's diplomatic mission in Baghdad and asked them to leave Iraq, hours after the international coalition announced to raise the state of alert in Iraq to the maximum degree.

"The US State Department has issued an order to withdraw non-essential US government employees from Iraq, whether working at the US embassy in Baghdad or at the US consulate in Erbil," the US embassy said in a statement.

The media reported, at dawn on Wednesday (May 15, 2019), that the international coalition forces against ISIS, raised the state of alert in Iraq, to the maximum degree, after detecting threats to US bases and interests in Iraq.

"The threats hovered around Ain al-Asad, another base in Taji, Baghdad, as well as the US embassy in the capital and a number of Americans, including those with Iraqi forces."

"This decision was issued by the US Central Command," a US station said.

"There may be attacks by ISIS, or even Iranian threats that Washington considers. There are also fears of militias collaborating with Iran in Iraq."

"When the Americans send a warning like this, it means there is a direct danger, and American forces must be prepared."

She pointed out that "this warning came because of the permanent risks since the emergence of ISIS, and because Washington considers that there are risks related to Iranian threats."

"The Americans are threatened with killings and kidnappings, and the latter can enter Washington in a difficult situation."

"The Americans have information that there are elements of ISIS who want to target US forces and civilian Americans," she said.

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13 minutes ago, DIAMOND said:

Thanks thugs, hope that girl didn't a brain freeze lol

 

Maybe She Could Wear A Nice Warm Hat And Borrow A Scarf From Elvira ! :o 

 

 

CULTURE & ARTS 
12/03/2015 08:54 am ET Updated Dec 30, 2015

Life Is A Little Bit Perkier Thanks To This Artist’s Boob Scarves

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Yo Snap - Is That LGD Photo Bombing The Picture ...

 

:D  :D  :D 

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Active participation and strengthening of ties between the two countries

 

Tuesday 03 September 2019

 

Baghdad / Hussein Thugb Mustafa al - Hashemi 
 
 
The German Liaison Center for Industry and Commerce in Iraq organized the German Technology Exhibition in cooperation with the Federation of Chambers of Commerce and a number of specialized economic organizations, in the presence of 30 companies in various specialties. 
The director of the liaison office Nisreen Khalil: "The first exhibition was held in Baghdad and came more than 30 companies specializing in various joints of the economy to support Iraq in its march towards construction and reconstruction, especially since the German companies have great potential and technologies can be a great support for the stage of economic recovery."
 
"We recognize that the Iraqi labor market is promising and large, and we have a presence in a number of sectors and aspire to increase the area of our presence in the country."
She pointed out that "the goal was not only profitable, but to help develop the reality of the economy, by finding the right partner that strengthens our presence within this broad field, as we aspire to strengthen economic ties between
 The two countries. "
 
Rich country 
"Iraq is a rich country and we hope it will have a bigger role in the region because of its economic weight and its capabilities," said German Consul General Göcken Mueller.
Muller stressed, "We seek to have an active presence in Iraq through joint economic cooperation, and to achieve integration in many of the joints of the economy, and must be in the right place in the measurements of the World Bank," pointing out that "Germany is one of the largest donors to Iraq and look forward to access To the billionaire barrier 
Dollars. "
 
economical development
The Deputy Minister of Trade Haitham Jamil Ismail talked about the positive relationship between Iraq and Germany, which extends for many years, that "can be activated through the use of German technology and expertise in the process of economic development sought by the country."
He pointed out that "the exhibition is an important opportunity to strengthen cooperation with German companies and multidisciplinary and can be an effective arm in providing assistance to the national economy."
He said: "The German effort on the way to Iraq, where a lot of German companies participate in the Baghdad International Fair next session, and this is evidence of the start of the recovery phase of the economy the National". 
 
Feasible partnerships
President of the Federation of Chambers of Commerce Abdul Razzaq Al-Zuhairi welcomed all the German companies participating in the exhibition, saying: "The presence of about 30 German companies sober proof that the reality of work in Iraq has changed significantly in its tracks," praising the "role of the German Embassy in the completion of this work and strive To strengthen trade relations through viable partnerships to develop the reality of work, "noting that" this forum can be described as positive as a combination of the Iraqi and German efforts for a high goal. "
Joe Borg, representative of a German company, talked about the presence of the German effort of companies in Iraq and the region, and the importance of the Iraqi market, pointing out that "cooperation mechanisms that can achieve positive results in the economy of both parties."
 
European specification 
The representative of Barham Hassan Al-Araji spoke about "their most important work in the field of oil and cooperation with the Ministry of Oil in the completion of projects, especially in the province of Kirkuk, the adoption of European standards, especially in the detailed liquidation and the possibility of producing gasoline fuel to international standards."
He pointed out that "one of the projects in the province of Kirkuk absorbed Iraqi experiences of various levels, touched the number of 2000 people, and we have aspired to implement new projects that support the Iraqi economy and move it to a better stage."
 
Financial products
The representative of the International Islamic Bank Atheer Abdul Baqi said that "the presence of a number of sober German companies that have brands have a weight in the world gives us an opportunity to know the requirements of the global effort wishing to work within the Iraqi market, and how to provide sophisticated financial products consistent with the wishes of these companies."
He pointed out that "Iraq is on the verge of a broad movement of work requires the advancement of the reality of banking services, and thus exhibitions give the banking system a golden opportunity to know which systems must be adopted to suit the global effort."
 
Pharmaceutical products
The pharmaceutical sector has a presence in the exhibition, as confirmed by the representative of the scientific healing office Araxi Alexan that "our participation in this exhibition stems from the importance of the Iraqi market, as our participation is to offer pharmaceutical products from the origins of discreet, and certified in the world."
She pointed out that "this forum an opportunity to be with the private sector and discuss mechanisms to serve all parties and achieve the benefit, which is reflected in all the requirements of presence in the market sober, especially consumer protection and protection of the market through a qualitative product offer subject".

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A delegation from Kurdistan arrives in Baghdad for this reason

 

A delegation from Kurdistan arrives in Baghdad for this reason
 
 
9/4/2019 0:29
 
 
A delegation from the Kurdistan region arrived in Baghdad on Tuesday evening, headed by Deputy Speaker of the Kurdistan Parliament Hemin Hawrami.
 
The Media Department of the House of Representatives in a statement received (Euphrates News) a copy, that "MP Amer Fayez member of the Committee on Foreign Relations and in the presence of Sirwan Abdullah, Secretary-General of the House of Representatives received a delegation of the Kurdistan Region headed by Hemin Hawrami upon his arrival in Baghdad In the Asian Parliamentary Assembly held for the period from 3-5 of this month." She added that "the delegation of the region was received at the Prime Minister's Hall at Baghdad International Airport." 

The meeting of the Standing Committee will be held under the auspices and participation of the Iraqi Council of Representatives in Baghdad for the period from 3-5 September, with the participation of 16 Arab and Asian countries.
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1 hour ago, cranman said:

A meeting in Baghdad with 16 participants from Asian and Arab countries from Sept. 3-5.  What could that be about? Usually when you have that many countries representative  in one room they are agreeing and signing something.  IMO.

 

Maybe They Were Busy Exchanging Boob Scarfs ! :o 

 

 

 

It’s Been Getting A Bit Nippy Lately ...

 

:D  :D  :D 

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If the state donated to the citizen ..

 

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3rd September, 2019
 

 

Sometimes the citizen is convinced that the state needs not to retreat from supporting its economy with direct and other contribution.  He will bear austerity and raise taxes, increase working hours, and sometimes even reduce his household expenses, as if he were a member of a family that bears part of its responsibilities. Future interest.

Citizen participation is part of a high sense of responsibility, and it bears its consequences so that the state does not fall into pitfalls and is not excluded from being affected.

What complained of Iraq and decades ago, carrying the largest that the citizen his part, That reflected the negative decline in the agricultural, industrial, service and residential and political sector, an important part of the decline in these sectors; policies are supported or ill - considered, including what I run Iraq military wars or economic, imposed and mood, flooded the The market was imported, and deliberately randomness at the expense of strategic planning in solving the problems of industry, agriculture, housing, unemployment and poverty.

The phenomenon of interruption of vital sectors, which supply the economy of the people, individuals and groups, led to the search for sources of financing, including loans from government banks and contribution, but corruption and lack of follow-up, put some loans are misplaced, and farmers and industrialists take loans, but they use them to import from abroad, under the Competition of the importer Despite the poor quality of most, and the lack of compliance with the need of the producer and consumer and public smuggling from some international outlets, which made the cost of the product and cultivated more expensive than the importer, and in response to the response of the huge profits imposed by banks on loans.

The loans given by banks vary by segment and type of project, from 2-200 million, with profits according to bank controls, vary from 2% -8%. , That the interest rate is renewed annually and will be cut monthly not only out of the amount, but profits, and every year are added new profits, and conditions are not commensurate with the loan, and a loan of one hundred salaries is not enough to buy a house or even a piece of land !!

What if the state donated to the citizen? Housing is one of the most basic rights and one of the constants of belonging to the homeland. The constitution requires oil and gas to be the property of the people. Land is also the property of the people, and every citizen is supposed to have a quota of housing at the very least.

It is the duty of the state to help the citizen in providing housing, and since it has begun to distribute residential land to citizens, and as a first meal in Basra, it must also provide the requirements for adequate housing, and ensure the interest of unfair loans, imposed by some government banks, up to 50% at the end Reimbursement, and sometimes the citizens of the social protection network does not even have to pay, and here we see that the duty of the state to provide housing and low cost sometimes, because every state partner in which the citizen, and housing is part of his rights, why does not the State donate to the citizen ?!

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Iraq establishes the largest industrial island to export oil in the northern Gulf

 

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4th September, 2019
 

 

Basra Oil Company is expected to sign a memorandum of understanding with a Dutch company to prepare a roadmap for the construction of the largest industrial island for the export of crude oil in the northern Gulf region, while maintaining the daily export rate at 3 million and 400 thousand barrels And exporting countries from outside.  

The company is set to sign a memorandum of understanding (MoU) with Dutch company Boss Kals to draw up a comprehensive map of all the technical details of the construction of the largest industrial island, the company said in its Wednesday edition. Exporting crude oil in the offshore area north of the Arabian Gulf, and is one of the largest industrial islands in the world.     

He pointed out that the Ministry of Oil represented by the company will sign a consultative study contract, which will pave the country to enter into the offshore oil industry projects in the future and maximize financial resources in the state's public budgets. With the capacity to raise the joint export and treasury capacity of the project at a higher rate in the future to allow access to the target figure by the ministry to provide the needs of the global market of crude oil.

Abdul Jabbar explained that the final contract includes the preparation of a road map to clarify all the details of engineering, logistics, investment, economic and housing for the workers of this giant project, as well as the mechanism of financial recovery of the parties.

In a related context, the Director of the company to maintain the relative stability in the rate of export capacity of crude oil planned for the current month through the ports of Basra at 3 million and 400 thousand standard barrels per day, recording a reduction of about 50,000 barrels per day from the rate of export last month, which was an average of 3 million And 450,000 barrels per day, according to the OPEC.   He pointed out that there is no intention of the ministry to raise the declared export rate achieved monthly until the end of this year in compliance with the decisions of the Organization of Petroleum Exporting Countries and OPEC countries to support the policy of supply and demand balance and the price of a barrel of crude oil in the global market.

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Kurdistan Parliament: ready to amend investment laws to encourage foreign companies

 

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4th September, 2019
 

 

The Speaker of the Kurdistan Parliament Ryuaz Faeq, on Tuesday, received the South Korean Consul General in the Kurdistan Region Joy Kwangin.

At the meeting, the speaker spoke to the Korean guest about the steps adopted by the regional parliament legally in the new legislative chapter, the most important of which is to provide the appropriate platform for the government program and achieve general reforms in all government facilities, especially administrative and financial aspects and imports in cooperation with the Kurdistan Regional Government.

She pointed out the importance of raising the level of investment in the region, which contributes effectively in the reconstruction of the region and progress for the better, stressing the support of foreign investment companies to enter the region and investment in Kurdistan, because it also contributes to the development and reconstruction of all regions in the region.  She added that the parliament is ready to amend the laws on investment in order to encourage foreign companies to invest if required, and demanded the Korean Consul General to encourage his country's companies to come to the Kurdistan region for investment.

In another part of the meeting, Riawaz Faeq talked about the current relations between the Kurdistan Regional Government and the federal government and the laws issued by the Iraqi Council of Representatives regarding the region. He closely monitors laws issued by the House of Representatives in Baghdad, and if they do not comply with the general principles of the Iraqi constitution, we take legal positions against them.

For his part, Joy Kwangin, South Korean Consul General in the Kurdistan Region expressed his happiness with the Kurdistan Parliament's legal steps with the KRG and their cooperation to achieve reforms. And within the general basis of the federal constitution.

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Fox News: Iran has established a base on Syria's border with Iraq .. Iraqi factions will be used for this purpose

 

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Politics 2019/09/04 09:01 36    

 


Baghdad today 

 

Iran has built a new secret military base in Syria on the border with Iraq to house thousands of troops, a US station said, adding that there is a trend to set up guided missile bases.

Citing multiple Western intelligence sources, Fox News reported that the secret Iranian project, called the "Imam Ali Complex", was approved by the senior leadership in Tehran, while it is being completed by the Quds Force of the Iranian Revolutionary Guards.

The station claimed to have verified the accuracy and accuracy of the information obtained exclusively, using a civilian satellite company, and obtained satellite footage showing the existence of a base under construction on the Syrian-Iraqi border.

 

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Analysts at the company "Image Sat International", who reviewed the images taken via satellite, that can be stored precision-guided missiles in five different buildings, newly built and surrounded by large piles of dust.

In the northwestern part of the base, the photographs show 10 additional stores with less external protection, as well as new buildings and rocket storage structures, according to Fox News.

 

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ISI analysts noted that the construction of the base may be completed in the next few months, and the base will be operational soon.

According to security experts, this is the first time that the Iranian army is building a base of this size from scratch in Syria.

The US military site is less than 200 miles from the new Iranian complex, according to Fox News.

 

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Both Walla and Yisrael Hume claimed that the new base, currently being built, could also be used as the headquarters of the pro-Tehran Popular Mobilization factions, whose own targets in the Iraqi capital Baghdad have been subjected to mysterious attacks in recent weeks, attributed to numerous reports by Israel.

According to Hebrew media, which also relied on the Fox News novel, the images belong to ImageSat International, the company responsible for marketing images taken by Israeli satellites from the Eros family.

She added that the images showed after analysis that the base will also be used by the crowd to train armed elements, and experts from the company after analyzing the satellite images that talk about a project called the square of Imam Ali, but it is qualified to accommodate guided missiles and indicate the nature of the construction as a military site, It houses dozens of warehouses and other missile storage infrastructure.

In recent weeks, Israel has been accused of attacks on Popular Mobilization sites in Iraq, unlike raids targeting Iranian positions inside Syria. On August 24, Israel explicitly claimed responsibility for targeting a cell it said had been receiving training to send suicide drones across the Golan to the rear. Israeli.

The Israeli army claimed on Thursday that it had discovered facilities inside Lebanon belonging to Hezbollah and said it was part of an Iranian project to enhance the accuracy of the group's rockets.

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Proposed economic plan

 

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4th September, 2019 by Mohammed Abdul Jabbar Carp
 

 

Published a group of Iraqi economists proposals to rebuild the country, these economists proceeded from the information that Iraq has 97 tons of gold, and since each ton of gold price of 64 million dollars, this means that the total value of gold currently owned by Iraq is 6.2 billion dollars, added Iraq has a cash reserve of 53 billion dollars.

Against this amount, economists propose that Iraq withdraw only $ 6 billion of reserves and gold to be disbursed as follows:

2 billion to build schools and universities.

1 billion on the health sector and hospitals.

1 billion on sewers and dams and clean up rivers.

1 billion on the rehabilitation of factories.

$ 1 billion to the Ministry of Defense, Air Force and Army Aviation, purchase of aircraft, maintenance and training.

Economists have stipulated that the agreement be made directly with Japanese, American, European or Chinese companies, without the need for an Iraqi contractor or broker to implement the idea projects.

Economists said the implementation of the plan should be under the direct supervision of the prime minister and the idea should also be supported by parliament.

The idea is exciting and worthy of thought and debate. But it cannot be considered a plan, but rather an outline of what could be the nucleus of a detailed plan of numbers, projects and methods of implementation.

First of all we must make sure that this amount is now available in Iraq (gold and the dollar).

First, we must make sure that the withdrawal of only $ 6 billion from reserves and gold will not affect the economic situation in Iraq and the position of the Iraqi national currency.

Thirdly, the projects that fall under the main headings of the proposal and the cost of their implementation should be identified to ensure that the amounts allocated to each headline are realistic and reasonably meet the actual needs of Iraq today.

Finally, the implementation of the projects will face the most important obstacles facing the process of construction and reconstruction in Iraq: corruption and administrative bureaucracy.

It is well known that corruption is gnawing at the body of the Iraqi state, and that any construction project soon collapses because of corruption. This is a serious problem. For this we need mechanisms and controls to protect the project from infiltration of corruption. The owners of the idea suggested that the implementation be under the supervision of the Prime Minister. It is not clear to what extent this proposal will be successful in reducing corruption, but in eliminating it. Some have suggested that the UN be supervised. This proposal may not be accepted by the public.

Bureaucracy is the deadly disease of every serious project. Unless parliament passes a quick set of laws to solve the problem, the chances of success of the project may be few.

Such a project falls under the heading "Improving the Lives of People", the subtitle of the broad title we have long used: # Modern_Civilized_State. The country is only modern schools, high-end universities, modern infrastructure, hospitals, factories and a strong national army. This proposal provides the material aspect of the modern civilized state, while writers and intellectuals continue to present the values and cultural offender of the state. Therefore, these proposals must coincide with the initiation of the implementation of a modern civilized educational system that ensures the formation of a new generation of decent civilization. All this in the framework of working to raise the standard of life in Iraq, and humanized, to provide a livable environment for human beings in Iraq.

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Iraq signs a Memorandum of Understanding with the Bank
of Korea for Export and Import

 

Iraq signs a Memorandum of Understanding with the Bank of Korea for Export and Import
 
 
9/4/2019 18:14


Planning Minister Nuri Sabah al-Dulaimi, on Wednesday, the minutes of a meeting and 
a memorandum of understanding with the Bank of Korea for export and import.  
This came during a meeting in Seoul, the governing body of the Korean Export-Import Bank 
(KEXIM). 

A statement from his office, which received (Euphrates News) a copy, that "was signed 
during the meeting minutes of the meeting, which included the vision of 
cooperation in strengthening national capacities and financing 
investments throughout Iraq, and the signing of the necessary 
memorandums of understanding with the relevant authorities in the 
Iraqi government to achieve this." 

Al-Dulaimi said during the meeting "priorities of the government program in 
investing international support towards the rehabilitation of basic 
services and improve the reality of services in all provinces, and 
strengthen the file of economy, trade and investment through the 
effective partnership established by the Iraqi government with the 
Iraqi private sector."

For its part, the Korean Import and Export Bank stressed its keenness 
to provide means of support to the Iraqi government, indicating the 
most prominent work of the Bank in the regional environment of Iraq 
and the world, and ways to align them with the Iraqi government plan 
to achieve sustainable development in accordance with the global vision 
2030.


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

Planning is discussing with the Korea Export-Import
Bank to strengthen national capacity and investment
financing 
 LINK

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