Spiked Camel Kava Lava Java With Guava !

[DinarThug]

26 minutes ago, DinarThug said:

The arrival of a Kurdish government delegation to Baghdad to discuss several files

 

 

LINK

Hamza: The Kurdish delegation's visit aims to conclude a strategic agreement for the 2020 budget

14:05 - 23/11/2019

 

The deputy of the Kurdistan Islamic Group, Salim Hamza, on Saturday, details of the visit of the Kurdish delegation to Baghdad, indicating that the delegation is preparing to conclude a strategic agreement between Baghdad and Erbil to develop the terms of the 2020 budget.

Hamza said in a statement that "the Kurdish delegation arrived in Baghdad in order to meet all political leaders and the three presidencies to brief them on the latest developments of the talks between Baghdad and Erbil."

He added that "the atmosphere is well prepared to conclude a strategic agreement between the parties to end the dispute that has been going on since 2005 and until now after a series of bilateral talks."

Hamza explained, "The final bulk of the crisis in Kurdistan and Baghdad is the legislation of the oil and gas law and put all the points on the letters in order to end the conflict in the interpretation of the Constitution and legal articles." 

[DinarThug]

LINK

The end of the Kurdistan delegation's meeting with the federal government without agreement

 

 

23rd November, 2019

 

An informed source said on Saturday, the end of the meeting of the Kurdistan delegation visiting Baghdad, without reaching a final agreement with the federal government.

The source told Shafaq News that "the Kurdistan delegation, after meeting for about two hours with Iraqi Prime Minister Adel Abdul Mahdi and a technical delegation, will return to Kurdistan," noting that "the meeting did not witness an agreement between the two sides."

The source added that "the meeting witnessed the discussion of several things, including the dues of the Kurdistan region and the delivery of oil imports to SOMO and other files," pointing out that "the Kurdistan delegation presented its demands to the federal government." 
 

He noted that the two sides are scheduled to agree on several things by the middle of this week.

 

The delegation of the Kurdistan Regional Government arrived on Saturday, to the capital Baghdad to discuss a number of files with the federal government, including oil and the Kurdistan region's share of the federal budget for 2020. The delegation of the Kurdistan Region consisted of the Minister of Finance and Economy Awat Janab, the Minister of the Region, Khalid Shwani, the Chief Cabinet Office Omid Sabah and the Secretary of the Council of Ministers of the region Aman Rahim.

[DinarThug]

28 minutes ago, DinarThug said:

Iraq’s Parliament approves changes to pension, anti-corruption laws, debates new election legislation

 

LINK

The House of Representatives postpones its session until next Monday

 

 

15:58 - 23/11/2019

 

The House of Representatives decided on Saturday to postpone its session until next Monday.

The correspondent / information /, that the House of Representatives, decided to postpone the meeting scheduled, on Saturday, until Monday next to not complete the quorum.

It is noteworthy that the Council decided to postpone its meeting scheduled for Saturday, half an hour for the lack of quorum, while the Alliance of Forces announced the suspension of its membership of the parliamentary sessions, except for the sessions where the presentation of important laws.

[DinarThug]

11 minutes ago, DinarThug said:

US Vice President arrives in Baghdad

 

LINK

The Prime Minister's Office issues a statement on the visit of the US Vice President

 

 

 

2019/11/23 17:26

 

 

Prime Minister Adel Abdul-Mahdi's office issued a statement on Saturday on US Vice President Mike Pence's visit to Baghdad at noon. "US Vice President Mike Pence paid an agreed visit to Iraq during which he inspected his country's forces at the Iraqi base of Ain al-Asad as part of the international coalition that is supporting Iraqi forces in the fight against IS," Abdul Mahdi's office said in a statement received.

He added: "It is agreed that he will also visit Erbil," noting that "a telephone call was made on Saturday at about 12:30 pm between Prime Minister Adel Abdul Mahdi and the US Vice President on enhancing relations between the two countries and prospects for joint cooperation, Discuss developments in Iraq and the government's efforts and reform measures in response to the demands of the demonstrators. "The vice president also conveyed the greetings of US President Trump and continued cooperation to develop the distinguished relations between the two countries."

He continued, "The Prime Minister blessed the Vice President and his family with thanks, and asked to convey his greetings to the US President and the forces that contribute to the training of Iraqi forces. Within the framework of the strategic agreements between them."

 

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Iraqi government: an agreed Pence visit and Abdul Mahdi's phone

 

 

23rd November, 2019

 

Prime Minister Adel Abdul-Mahdi said Saturday that US Vice President Mike Pence's visit to Iraq was agreed upon between the two sides.

A statement issued by Abdul Mahdi's office said that "Pence made an agreed visit to Iraq, during which he inspected his country's forces at the base of Ain al-Asad in Iraq within the framework of the international coalition that is supporting Iraqi forces in the fight against ISIS." Also".

The statement noted that "a telephone call was held on Saturday at about 12:30 pm between Prime Minister Adel Abdul Mahdi and the US Vice President on strengthening relations between the two countries and the prospects of joint cooperation, as well as discussing developments in Iraq and the efforts of the government and reform measures in response to the demands of the demonstrators."

"He stressed the importance of the sovereignty and independence of Iraq, the security and stability of the country, the protection of the interests of all Iraqis of all components and religions, the confinement of arms to the state and the cooperation of the two countries within the framework of strategic agreements between them," the statement said.

US Vice President Mike Pence visited US troops in Iraq ahead of the Thanksgiving holiday. Pence also called Iraqi Prime Minister Adel Abdul Mahdi. Pence visited Assad's air base in western Iraq, where US troops are based. Americans celebrate Thanksgiving on Thursday.

US Vice President Mike Pence arrived in Erbil, the capital of the Kurdistan region, from Baghdad. The President of the Kurdistan Region, Nechirvan Barzani, and his deputies, and the President of the Kurdistan Regional Government Masrour Barzani and his deputy Fobad Talabani in Iqbal Pence at the International Airport of Erbil. Officials in the province met Pence immediately after his arrival.

[DinarThug]

LINK

Pence arrives in Erbil and Barzani receives him

 

 

23rd November, 2019

 

US Vice President Mike Pence arrived in the Iraqi capital of Erbil on Saturday evening from Baghdad.

The President of the Kurdistan Region, Nechirvan Barzani, and his deputies, and the President of the Kurdistan Regional Government Masrour Barzani and his deputy Fobad Talabani in Iqbal Pence at the International Airport of Erbil.  Officials in the province met Pence immediately after his arrival.

US Vice President Mike Pence visited US troops in Iraq ahead of the Thanksgiving holiday.

Pence also called Iraqi Prime Minister Adel Abdul Mahdi.

Pence visited Assad's air base in western Iraq, where US troops are based. Americans celebrate Thanksgiving on Thursday.

[DinarThug]

LINK

Deputy: Halbousi delays the questioning of Abdul Mahdi for political reasons

 

 

 

10:59 - 23/11/2019

 

Sabaon MP Amjad al-Oqabi on Saturday accused Speaker of the House of Representatives Mohammed al-Halbousi of “delaying” the questioning of Prime Minister Adel Abdul Mahdi for political reasons.

Al-Oqabi said in a statement to Al-Maaloumeh that "Speaker of the House of Representatives Mohammed Al-Halbousi bears the delay in requesting the interrogation of Abdul-Mahdi for political reasons."

He added, "Most deputies disagree with the views of their blocs on the removal of Abdul-Mahdi from his post," pointing out that "there are nine requests for interrogation currently exist and has not been activated because of interests and mood in dealing by the Speaker of Parliament."

The MP of the Alliance Sairon Riad Masoudi in a statement earlier to the (information), Speaker of the House of Representatives Mohammed Halbousi to procrastinate cases of interrogation of ministers and Prime Minister Adil Abdul Mahdi, noting that Halbousi compliment to stay at the expense of the people.

[DinarThug]

Quote From The Article ...

 

 

We conclude that the financial crisis represented by the low exchange rate leading to the erosion of power

Any devaluation would change the purchasing power of income downward without taking into account the modest income brackets.

 

32 minutes ago, DinarThug said:

Mahmoud Mohamed Dagher: * It is the exchange rate, gentlemen

 

14 hours ago, boosterbglee said:

Thats why we are all here....the exchange rate!

Comments By Newshound Don961 On The Article And Referencing The Quote At The Top ...

 

IMO ... IN OTHER WORDS ACCORDING TO THE LAST STATEMENTS OF THE ASTUTE PROFESSOR HIGHLIGHTED IN  HOT PINK ... KEEPING THE EXCHANGE RATE ARTIFICIALLY LOW ONLY HURTS THE PURCHASING POWER OF LOWER INCOME CITIZENS IN ADDITIONAL HIDDEN WAYS .. SOOOO .. IN LIGHT OF WHAT THE PROTESTORS ARE DEMANDING FOR DECENT JOBS , DECENT INCOMES AND DECENT LIVES ... THE ALTERNATIVE WOULD LOGICALLY BE TO STRENGTHEN THAT RATE  ... INCREASE THAT PURCHASING POWER 

[SgtFuryUSCZ]

1 hour ago, DinarThug said:

 

 

IMO ... IN OTHER WORDS ACCORDING TO THE LAST STATEMENTS OF THE ASTUTE PROFESSOR HIGHLIGHTED IN  HOT PINK ... KEEPING THE EXCHANGE RATE ARTIFICIALLY LOW ONLY HURTS THE PURCHASING POWER OF LOWER INCOME CITIZENS IN ADDITIONAL HIDDEN WAYS .. SOOOO .. IN LIGHT OF WHAT THE PROTESTORS ARE DEMANDING FOR DECENT JOBS , DECENT INCOMES AND DECENT LIVES ... THE ALTERNATIVE WOULD LOGICALLY BE TO STRENGTHEN THAT RATE  ... INCREASE THAT PURCHASING POWER 

 

Damn skippy ! 

As long as the natives are restless when sitting down to table after struggling to

provide for their families,

The gubment will have to keep running the risk of losing their support...

... which is just what Iran is hoping for.

[DinarThug]

1 hour ago, SgtFuryUSCZ said:

Damn skippy ! 

Ya - And Pass The Damn Jelly !  

     

[SgtFuryUSCZ]

Oh, KlownTHUG, you slay us ! 

Dang... now we're hungry !  

Got Milk? 

[DinarThug]

16 minutes ago, SgtFuryUSCZ said:

Dang... now we're hungry !  

Got Milk? 

I Did - But Davis The ‘Cereal Killer’ Downed It All With His Cheerios This Morning !  
 

 

Although I Did Manage To Post A Picture Of The Missing Bro’s On The Carton ...
 

     

[DinarThug]

LINK

Parliamentary Integrity: Penal Laws Updated After “Where Do You Get This” Legislation

08:40 - 24/11/2019

 

Member of the Parliamentary Integrity Committee, Alia Nassif, said on Sunday that most of the punitive laws have been updated through the legislation of the law where you get this, pointing out that the law will include many corruption files, where will open the files of oil licensing rounds and currency auction.

Nassif said in a statement to the information, that "the law from where you have tightened the penal laws and the corruption crimes that it contains were expanded, since they were not clear in the Penal Code, as most of those articles no longer exist crimes at the present time."

She added that "the law from where you this included an update of the legal articles of punishment, where will be the follow-up to the various files of corruption that have not been addressed or attempted to open and hold accountable." She explained that "the fight against corruption will affect the auction of the sale of currency and political parties associated with it, in addition to rounds of oil licenses and associations and the beneficiaries of corruption in them."

 

Edited November 24, 2019 by DinarThug

[SgtFuryUSCZ]

19 hours ago, DinarThug said:

I Did - But Davis The ‘Cereal Killer’ Downed It All With His Cheerios This Morning !  
 

 

Although I Did Manage To Post A Picture Of The Missing Bro’s On The Carton ...
 

     

OMG ! Hahahahaha!  

No cryin' over dat spilt milk, yo !  

[davis411]

19 hours ago, DinarThug said:

I Did - But Davis The ‘Cereal Killer’ Downed It All With His Cheerios This Morning !  
 

 

Although I Did Manage To Post A Picture Of The Missing Bro’s On The Carton ...
 

     

Haha

 

save me thugs 

Edited November 24, 2019 by davis411

[DinarThug]

LINK

The Prime Minister approves the launch of the Iraqi Trade Bank to launch small and medium loans

 

24th November, 2019

 

Got "Economy News" on the document confirms the approval of the Prime Minister to the Iraqi Trade Bank to participate in the initiative of the Central Bank to lend to small and medium enterprises

"The Prime Minister's approval was obtained on the recommendations of the advisors' committee in our office contained in the Authority's letter no

The bank will lend investors and businessmen to small and medium enterprises and re-run the stalled factories under certain conditions

The document indicates that the most important of these conditions "80% of the project is financed after completion of 20% by the investor and that the repayment period of the loan (10) years with periods of repayment only for the first and second years depending on the opening of the credit and the value of the credit itself, and at interest Annual not more than 3%

The rest of the conditions relate to "the project to be a guarantor of 75% of its value and not to impose any fees other than the fees to open the credit recognized

[DinarThug]

LINK

Oil Minister: The atmosphere of talks with the Kurdistan delegation is positive

 

 

24th November, 2019

Deputy Prime Minister and Oil Minister Thamer Ghadhban revealed on Sunday the results of talks between Baghdad and Erbil.

The Iraqi News Agency quoted Ghadhban as saying that "the central government talks with the delegation of the region, which visited Baghdad on Saturday focused on two main points first paper principles governing the oil relationship between the region and the center with regard to the delivery of the region's oil to the company (SOMO) to sell his money to go to the budget.  The second point concerns the financial aspect, including salaries of employees and other financial benefits."

He stressed that "another delegation will visit Baghdad on Monday to conclude the main issues," noting that "the atmosphere of talks was good and positive with the delegation of the region, which in turn informed the central government that they are fully authorized and have come to increase the financial resources of the country through the contribution of the region in oil Source".

[DinarThug]

LINK

Samurai: Pence gave the green light to the Kurds on the sale of oil without involving Baghdad

 

 

 

09:54 - 24/11/2019

 

 

The former adviser to President of the Republic Lieutenant General Wafik al-Samarrai, details of the visit of US Vice President Mike Pence to Arbil, indicating that Pence gave the green light to the Kurds to sell oil without involving Baghdad.

Samarrai said in a post on the "Facebook" saw him / information / that "the visit of the US Vice President to Erbil and the base of Assad's eye is not a routine or on the sidelines of an original visit, and not to visit Baghdad is not a detriment to its sovereignty, but according to the contexts and security controls to protect senior officials from the possibility of danger In unstable areas.”

"Pence's visit to Arbil was important for the region, where it is likely and natural that he explained to Barzani the unspoken goals of America's policy and plans in the field of Iran, Turkey, northern Syria and Iraq to commit much of them."

He added that "Pence to give him the green light, albeit whispered or indirectly, not to hand over Baghdad oil sales proceeds as well as discuss the relationship of the presidency and visits and results with the countries of the Southwest Gulf on the regional turmoil." Samarrai said that "the visit will increase Barzani a practical departure from Baghdad, and do not expect economic and political flexibility in the deliberations of his envoys in Baghdad, and will increase openness with the southwest of the Gulf, and anticipate public or secret (Kurdish) official visits with Turkey and Iran."

[DinarThug]

LINK

Kurdish deputy: Barzani's visit settled the file of constitutional amendments

 

10:20 - 24/11/2019

 

The deputy of the Kurdistan Islamic Group Salim Hamza, on Sunday, the status of any Kurdish veto on the upcoming constitutional amendments, indicating the visit of Kurdistan President Nechirvan Barzani resolved many outstanding issues regarding the amendments.

Hamza said in a statement to the information, that "the Kurdish parties do not oppose the constitutional amendments, especially for political reform and its democratic system."

He added that "the visit of the President of the region Nechirvan Barzani to Baghdad and put a lot of points on the letters and contributed to the resolution of many outstanding issues regarding the amendment of the Constitution."

Hamzah said that "Barzani told the political leaders in Baghdad that there is no opposition to the amendments provided that the rights of the Kurdish people are not lost or diminished at the expense of other provinces as well as to maintain the federal democratic system."

[DinarThug]

LINK

The Finance Committee continues to hold workshops to discuss the Public-Private Partnership Law

 

 

24th November, 2019

 

Under the auspices of the Finance Committee and in conjunction with the Committee on Economy and Investment and the presence of the heads and members of the two committees held a program to improve performance and good governance in Iraq (Takamul) on Sunday 24/11/2019 workshop to complete the discussions on the law of partnership between the public and private sectors.

 

The Chairman of the Finance Committee MP d. Haytham Al-Jubouri During the workshop held in Babylon Hotel, the Committee continues to take all views and views of specialists and participants in the workshops of this law as university professors and specialists in the economic field, businessmen, unions and various unions to enrich the law with new texts for the purpose of presenting it to the House of Representatives soon.

 

The Finance Committee stressed the need to keep abreast of development in the field of legislation and all economic, especially and to unleash creativity that would facilitate the work of private companies sober as well as the formation of an important practical partnership with the public sector contribute to the construction of vital projects that serve the public interest.

 

For her part, the Director General of the Government Contracts Department at the Ministry of Planning made observations on the law, confirming working hand in hand with the Finance, Economy and Investment Committees with a view to maturing it in its final form.

 

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LINK

Parliamentary Finance affirms its support to the private sector and the provision of all facilities to it

 

 

 

2019/11/24 11:08

 

 

The parliamentary Finance Committee, its support for the private sector and provide all necessary facilities for it.

The committee said in a statement received (Euphrates News) a copy of it, that under its auspices "and in conjunction with the Committee on Economy and Investment and the presence of the heads and members of the two committees held on Saturday 23/11/2019 a workshop to discuss the law of partnership between the public and private sector."

She added that "at the outset of the workshop held in Babylon Hotel, Chairman of the Finance Committee Haitham al-Jubouri thanked the Iraqi Economic Council and the attendance of university professors, businessmen and workers in the private sector for their participation in this workshop, which discusses an important law at a time when the convictions generated by the executive and legislative authorities to promote the reality.  The private sector, which is now recognized for involvement with the public sector to build the state, implement projects and create jobs for thousands of unemployed young people."

The Finance Committee stressed that it "urges the pace to find quick solutions through laws and legislation that support the private sector and provide all facilities and eliminate routine and bureaucracy that impede many development projects and vital that meet the aspiration of the Iraqi citizen." 

[DinarThug]

LINK

Parliamentary Finance: The 2020 budget will differ significantly from previous years

 

 

 

2019/11/24 8:58

 

 

The Finance Committee in the House of Representatives has suggested that the State General Budget for 2020 will arrive in the House of Representatives this week or the next.

The Committee indicated that the next budget will differ significantly from previous budgets and will be in line with the demands of demonstrators and citizens. Committee member Sherwan Mirza said that "the government is sending the 2020 budget to the House of Representatives this week or next week for discussion." He added, "The budget for next year will be very different from the budgets prepared in the past, as they will come in line with the requirements of the current situation and the demands of the demonstrators." He ruled out that "the budget of the previous year will be similar to the previous year."

Mirza said, "The House of Representatives and the Council of Ministers have given a lot of promises to the demonstrators to intensify projects during the next phase and provide job opportunities for the unemployed, which contributes to calm the street, it can not be the budget of next year, as it is prepared by the government Accepted the previous government because of its one-year anniversary." "The Kurdish delegation, which arrived in Baghdad yesterday, will hold talks with the federal government on the region's share of the budget next year and the delivery of oil revenues," Mirza said.

Member of the Committee MP Majid al-Waeli said that "the Council of Ministers has not yet set a date for sending the budget." He added that "the Council of Ministers had to send the budget since last month, but it was much delayed, and has not yet set a date to send it to parliament." For his part, member of the Finance Committee Jamal Cougar, that the budget 2020 will be allocated most of its doors to meet the demands of the demonstrators. "The budget will include land distribution and building low-cost houses for the poor and needy," he said.

[DinarThug]

LINK

Kurdistan signs positive talks with Baghdad and sends its delegation again

 

 

24th November, 2019

 

The Kurdistan Regional Government (KRG) announced that a Kurdish delegation will head to Baghdad on Monday, a day after a similar visit to the Iraqi capital.

The presidency of the Kurdistan Regional Government, on Sunday, met with the government delegation that visited the capital Baghdad, on Saturday, and held dialogues with officials in the federal government. The meetings of Baghdad on the oil files and the share of the Kurdistan region of the federal budget for the year 2020.

After the meeting, Gutiar Adel, a spokesman for the regional government, held a press conference in which he stressed that the ongoing talks between Baghdad and Kurdistan have reached an important and advanced stage and are proceeding in a positive atmosphere.

He added that "the delegation explained the principles that resulted from the visit and become the basis of the final agreement on the issue of the draft budget year 2020 in a way that takes into account the common interest of both sides and guarantees the financial rights and entitlements of the Kurdistan region contained in the Constitution in return for the obligations of the region."

He explained, "The delegation stressed that the two sides reached a good understanding, and will visit the delegation on Monday again to Baghdad in order to discuss more on the topics of salaries and the share of the region in the budget and oil and a number of other issues and observations of the regional government to agree with officials in Baghdad."

 

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LINK

Kurdistan government announces visit to Baghdad tomorrow to complete the talks

 

 

 

 

2019/11/24 18:13

 

 

The Kurdistan Regional Government, the visit of a high-level Kurdish delegation to the capital Baghdad to complete talks on the region's share in the 2020 budget.
 

This came during a meeting of the President of the Kurdistan Regional Government Masroor Barzani and in the presence of his deputy Qubad Talabani, on Sunday, with the delegation of the Kurdistan Regional Government, who visited Baghdad and held talks with the federal government in the oil and budget 2020.

A government statement received a copy of the Euphrates News, The delegation of the regional government presented at the meeting, the latest developments regarding the talks with the federal government, pointing out that "talks between the two sides are making progress after it has passed important stages in a positive atmosphere and a common understanding." He added, "where the delegation highlighted the principles reached in his talks with the federal government, which represents a cornerstone of any final agreement to ensure the financial dues of the Kurdistan region in the draft federal budget for 2020 in return for the implementation of the obligations of the region for the mutual benefit of both sides."

The Kurdish delegation pointed out that "the talks he is holding with the federal government are under the direct guidance and patronage of the head of the provincial government, while stressing a good understanding," declaring "return to Baghdad again on Monday to continue the talks."

 

[DinarThug]

LINK

The United Nations: Iraq is the origin of civilizations and mankind and deserves all support

 

 

 

2019-11-24 11:14

 

 

The United Nations stressed the need to support the reconstruction of heritage sites and religious in Iraq.

 

"The Permanent Representative of the Republic of Iraq in Geneva, Ambassador Hussein Al-Khatib, participated in the meeting of the United Nations Alliance of Civilizations in which Miguel Moratinos, the United Nations High Representative for the Alliance of Civilizations, briefed him on his activities and future plans of the Alliance of Civilizations," a statement said.

Khatib made an intervention in which he referred to "Iraq's experience in managing the diversity of its cultural, ethnic, and religious components, peaceful coexistence, confronting the extremist ideology of ISIS, accepting the other within the society, and the positive role of religious leaders, especially the religious reference in Najaf."

He called on the UN High Commissioner to "support Iraq to rebuild the religious sites destroyed by the terrorist Daesh.
"The coalition is working with UNESCO with the help of three countries in reconstructing the heritage and religious sites destroyed by the terrorist Daesh," he said, stressing that "Iraq deserves all support and assistance."

[DinarThug]

The process of digital transformation in Iraq and the development of the telecommunications sector

 

Sunday 24 November 2019

Wang Aye

 

 

During the current digital era, future societies are built on intelligent systems based on the latest communication and information technology networks, including smart homes, e-government services, self-driving cars and the positive impact on economies. 

But to achieve this requires a lot of effort at the level of preparation for the path of digitization in many areas such as infrastructure and digital transformation plans for various sectors and vital industries, and most importantly the issue of equipping the younger generation with the required knowledge, skills and technical tools, not to be able to live in these fully connected smart communities. Not only in their civic and well-being, but also in building these communities and being the leaders and leaders of change in their countries.

Countries in the Middle East have developed promising national plans and ambitious insights that emphasize the role technology must play in empowering all sectors and industries, as well as their role in economic diversification and social development. 

The "Iraq Vision 2030" is a good example of this. The digital transformation is leading to diversification of the sources of economic growth and job creation in Iraq, with GDP growth projected at 8 percent in 2020.

Theoretical structure, systems and policies need talented individuals to make them a reality, but current studies indicate that there are many gaps in this area, as the workforce in the region currently lacks the digital talent sufficient to meet future needs.

 More emphasis was therefore placed on integrating technical knowledge that is in line with the current digital era with innovation-based education in curricula to bridge the digital divide and reach a digital society that provides integrated communication services for everyone and home. And foundation.

Today, ICT has become a key driver of the growth and progress of societies and the development of many industries. In light of global experiences in more than 170 countries around the world, Etisalat, including Huawei, is committed to supporting the development of ICTs and its ecosystems in the countries in which we operate, with the aim of enhancing long-term economic, social and environmental sustainability by leveraging our bottom line. We believe that education is one of the most important factors contributing to the creation of fair and sustainable development opportunities in the Middle East. 

A sound, integrated and integrated ICT ecosystem will lead to digital transformation when it is open and based on cooperation frameworks, joint action and sustainable goals. 

The talent ecosystem, as part of the ICT ecosystem, should aim to bridge the digital divide, develop local ICT talents and fulfill the company's social responsibilities towards the communities of the countries in which it operates.

This ecosystem requires a large number of qualified technical staff, able to meet the challenges of this transformation and qualified to deal with various future technical needs that are in line with the latest technology industry, while not having sufficient technical expertise. Information and communication, where the difference between supply and demand is one of the most important obstacles to the process of social progress. The gap between theoretical information gained in the classroom and the practical experience required in the real world must be addressed, requiring opportunities for skilled staff to learn and apply the latest technology.

LINK

[DinarThug]

Money is hoarding in the home and the labor market is underfunded

 

Saturday, November 23, 2019

 

 

Baghdad / Bashir Khazaal 

Photography / Nihad Al - Azzawi

 

Attempts by one of the depositors to recover the amount deposited in a private bank in November 2018 did not work.When he went to the bank reassured to withdraw his money for the purpose of buying a property, he was surprised that the bank refused to return the money deposited in his bank account with the number (-----). The bank (under guardianship), in a shuttle flight of requests and interviews between the administration of the Central Bank and the bank (guardian) and other complaints filed by the citizen with the money deposited with officials in the departments of the banks concerned (the complainant) did not get his money and left only the judiciary as an option Lastly to recover his money and the material and moral damage done to him As a result, he took others to refrain from depositing their money in banks. 

 No law

The absence of a law to protect deposits in banks has led to apprehension among depositors with every financial crisis that may hit the banking sector.

A few auditors congregate to take administrative procedures related to transactions that require obtaining (an instrument) for government departments and institutions that collect some amounts for their services. The absence of a law protecting the money deposited to citizens.

 Hamid Sarhan, 55, a self-employed entrepreneur, says: I have a current account in a branch of Al-Rasheed Bank, but I put a small amount in it in order to go along with some of the financial matters that require dealing in sukuk. The bank because there is no legal guarantor to preserve our money, if any disturbance occurred banking, political or security. In addition, most government banks do not deal in current account deposits in dollars, which forces the trader to convert the dollar to the dinar in order to Filing.

 

Guarantee

Mohsen Hamid (63) another customer who works as a wholesaler said: deposited money in the bank for the purpose of giving (instrument) to companies or dealers with whom I deal with non-cash commission, and the deposit does not exceed a day or two only, and remains in my balance a small amount of up to 250 thousand dinars or Hameed added that people are currently dealing with the principle of trust in government institutions only, but the law remains the guarantor that any emergency puts depositors' money at risk. , Although keeping large sums in bio T is insecure and also endangers its owners. 

 

 Non-guarantee solutions

The Department of Registration of Companies affiliated to the Ministry of Commerce approved the establishment of the Iraqi Deposit Guarantee Company as a mixed joint stock company, in accordance with the provisions of Article 19 of the Companies Law No. 21 of 1997 amended. Haidar al-Baghdadi said that this company is working to restore confidence between the banking system and the public, which is hoarding more than 80 percent of the local currency.

 

central bank

For its part, the Central Bank said that deposit guarantee companies were found to support efforts in stabilizing the financial and banking system. In view of the urgent need to set up a deposit guarantee company that would guarantee deposits throughout the Iraqi banking system, the Central Bank prepared a draft system for the establishment of a deposit insurance company for various purposes. Zaha (protection of the banking system, and safeguard the rights of depositors, and to increase awareness of the bank) by increasing public and companies dealing with the banking system. On January 31, 2018, the Central Bank announced the signing of the Memorandum of Association for the Guarantee of Bank Deposits with the Corporation, which included government and private banks, including foreign banks.

A statement by the bank at the time is expected to have a significant role in this company in protecting the banking sector, especially the deposits of the public (individuals and companies), which enhances confidence in the banking sector inside Iraq and the correspondents of banks outside Iraq, contributing to attract more deposits and reuse in credit Investment is a service to the Iraqi economy.

He revealed that the capital of the company is 100 billion dinars, including 55 billion dinars from government and private banks, where the proportion of government banks 25 percent, private banks 30 percent, and the remaining 45 billion dinars will be offered for public subscription.

 

protection

In a study titled (Bank Deposit Guarantee Companies and their Role in Protecting the Banking System and Deposits), Financial Advisor Walid Eidy Abdel Nabi wrote: The primary role of bank deposit guarantee systems is the confidence of the public depositors in the banking system and its ability to protect their deposits, which is the solid foundation in the existence of a banking system. Strong and sophisticated and able to cope with the ongoing changes in the banking industry to be able to achieve its economic and social goals effectively and efficiently.

 Due to the urgent need to establish a company to undertake the task of guaranteeing deposits throughout the Iraqi banking system, the Central Bank of Iraq has prepared a draft system to establish a deposit insurance company for various purposes, most notably protecting the banking system, maintaining the rights of depositors, and increasing banking awareness through increasing the dealings of the public and companies with the banking system. By the Iraqi Council of Ministers and subject to the provisions of this system Iraqi banks all.

 

 Trust in the law

Legal expert in the affairs of companies and banking transactions Kazem al-Janabi pointed out the feasibility of any guarantee of private funds deposited in private and government banks unless it is supported by an official law adopted by the Iraqi judiciary in the separation of government financial institutions or civil and affected or beneficiaries is the real guarantor, the citizen with different addresses (merchant The investor, the businessman, and the owners of financial returns from various other professions) do not risk depositing large amounts in banks for months and years, without a legal guarantor that secures the protection of his money under any emergency circumstances that could be exposed to banks, hundreds of billions of dollars. Nanir stored in houses since 2003 until the current year did not benefit from the banking sector and investment in the recycling of the internal economy, and the reason is the lack of absolute confidence in private banks and even government, in addition to that most banks, especially government ones are still working with primitive means old does not provide options And comfortable in dealing with The owners of capital deposited in banks, and there are no outlets for transfers and transactions in foreign currencies from other countries, except through the central administration of the government bank, in other words that the trader or any person with a current account in a government bank can not deposit money in hard currency (dollar) only After converting them into Iraqi currency, this is one of the reasons why most social groups and segments prefer to store their money in homes in dollars instead of dinars, so specialists in banking institutions, parliament and the government should consider a special bill to protect depositors' money and establish a special immunity to gain the confidence of Citizen, investor, trader and even foreign companies. 
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[NoviceInvestor]

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