Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
DinarThug

Economist: The Budget Deficit Exceeded, Subject To Raising The price Of A Barrel Of Oil To $ 58 !

Recommended Posts

At the request of the Security Council, Iraq issues a list of the freezing of funds of 84 people and entities accused of financing terrorism

 

111942.jpg?watermark=4

 

02/20/18 18:40 2667 Editor: mst    


Baghdad today _ Baghdad 

 

The Committee for Freezing Terrorist Funds of the Secretariat of the Iraqi Council of Ministers issued a list of 84 persons and entities whose funds were frozen on the charge of financing terrorism, at the request of the United Nations Security Council. 

(Baghdad Today) news agency publishes lists of names of names and entities whose funds are frozen, based on what was approved by the Security Council Sanctions Committee regarding ISIS and al-Qaeda organizational activity, the provisions of the Anti-Money Laundering and Terrorist Financing Law and what was adopted by the Terrorist Funds Freezing Committee of the Council of Ministers in Iraq with its decision number 4 of 2020. 

To follow up the names and entities covered, follow the documents below

0c711373-d75b-49d8-83da-87007f7d85da.jpg   ef7dc94a-60e0-4cd8-a419-92b22ce3ec63.jpg4e324825-de22-42ea-9332-e94df6489531.jpg   54c442f2-c433-45dd-b42d-89acffc2ff3a.jpg    9f5365fc-2a52-4c63-98cb-db007347e719.jpg  09eea092-9484-4889-8e99-baef58f80281.jpg   ebb82f78-5a67-47f2-9564-de141076ec59.jpg  1329574b-f705-4ffc-b2a5-b042e55836d6.jpg

LINK

 

Edited by DinarThug
  • Like 1
  • Thanks 1
  • Upvote 2

Share this post


Link to post
Share on other sites

Disclosure ... enhances the value of financial institutions locally and internationally

 

 

Tuesday, February 18, 2020

 

 

Baghdad / Al-Sabah

 

 

The Executive Director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, stressed the need to disclose in the financial institutions, for his role in enhancing its value locally and internationally, and its capabilities and performance improvement and reach its service or restrictive goals that are in all circumstances to serve the national economy. 

Abdel Salam said: "Disclosure in economic institutions takes many forms and its follow-up is among the duties of the regulatory institution and society alike."

 
The real value
Abdul-Salam added, "We have previously demonstrated the need to pay attention to the market value of shares and compare them with the real value and the equivalent calculated in accordance with the disclosure criteria, and more importantly, interest in disseminating and clarifying these values in the performance contexts of the joint stock company, which has become known internationally and Arably to investor information or investor relations IR."
In the context of his responsibility and interest in the banking performance of Iraqi banks and their relationship with shareholders and investors, the Central Bank requested the registered Iraqi banks, whose shares are traded in the Iraq Stock Exchange, to pay attention to the bank's website through allocating an electronic window for investor relations (IR) on the bank’s website through which the publication Annual and quarterly reports, as well as publishing financial data analysis and comparisons with previous periods, as well as significant and influential contributions, and publishing analysis of performance and activity indicators and decisions of public body meetings And the number of shares traded and their market value.
 
Disclosure mechanisms
And that "this procedure is considered an evolution in the Disclosure Mechanism," as most banks implement the above paragraphs and publish them in their annual report, which appears shortly before the meeting - and it is almost a historical financial report - at a time when the importance of disclosing the above paragraphs appears within a system. An electronic window in the bank is a guide to transparency and interest in the bank’s shareholders to inform them of performance indicators, especially when combined with trading indicators in the stock market and a catalyst to attract investors.
 
Publish the data
Abdel Salam stressed that "the purpose of publishing the above data and information is a start to the financial and informational disclosure required by the participating banking companies, especially when demanding the publication of an analysis of the relationship and impact of financial variables among them and the relationship of the stock return and the earnings per share with the market value. Which gives a true picture of the value of the stock in light of Financial indicators".
 
Stop trading
Abd al-Salam continued, "It remains to determine that violating this mechanism should not lead to stopping trading in the company's shares or imposing fines on the company itself, but rather resorting to more effective means of holding accountable the negligent," explaining, "the importance of this mechanism extends in disclosing the way to sites that It promotes unlicensed investment and is not based on legal approvals by the sectoral authority or by the Capital Market Authority in Iraq, by deluding society with unrealistic investment opportunities in global stock exchanges that adopt dealing without the lowest disclosure criteria.
LINK
  • Thanks 3
  • Upvote 3

Share this post


Link to post
Share on other sites

Governmental Adviser: Delay in sending the General Budget Law due to procedural issues

 
2 Hours ago
 
 
%D8%A7%D9%84%D9%87%D9%86%D9%8A%D9%86.jpg


 

Abdel-Hussein Al-Hanin, advisor to the Prime Minister, attributed the delay in sending the general budget law to procedural issues.

Al-Hanin said in a statement, that the general budget for the current year is almost completely completed and that there are some opinions calling for the postponement of the law being sent to the parliament until the government’s vote is complete, pointing out that the decision to postpone in order to make the new government amendments to the paragraphs of the budget.

He added, that the news about the delay in approving the budget as a result of a large deficit are causes and information is inaccurate and naked.

link

 

  • Thanks 2
  • Haha 3

Share this post


Link to post
Share on other sites

Quick action

 

Tuesday, February 18, 2020

 

Hussein Thugb
 
 

Successful economic experiences that left a mark on the global level, and were able to achieve sustainable development according to the paths that they adopted to reach the goal they seek, and led to changing the reality of the economy to a new stage better than it was, and many experiences in different continents of the world can not be hidden from everybody.


And when searching for the merits of this matter, we found that the quick procedure that is adopted in the masses of the developed economy is the secret of success, as there is a great integration between the public and private sectors, and both of them perform their responsibilities in a completely and quickly without any complication, as the public sector works to organize the tracks of performance And in a manner that meets the aspirations of the authority that manages the economy, which defines the "private sector" implementing all the Economic plans .
 
Successful global experiences are mentioned here and there continuously, and the call from economists and specialists about it rises to benefit from successful regional and international experiences, especially since Iraq has better ingredients than others, and it is almost unique to it from other countries of the globe, and here we must have a serious and national stand You go towards real work to translate the annual, five-year and ten-year development plans into Earth reality. 
 
This inevitably needs to improve the mechanisms for improving performance and avoiding all the complexity mechanisms that accompany the completion of business, and for the real and specific private sector to have an active role in the sustainable development process that it Iraq seeks. 
 
Today we urgently need to start a new stage that works to adopt the term "quick action", and thus a trend that needs to reform the work system in the public and private sectors, as the public sector is intended to perform faster in the process of doing business without any complication and in a way that supports development, On the other hand, there is a specific private sector that understands the size of the tasks entrusted to it, and is able to manage the helm of the Iraqi economy that is being monitored by the major international companies waiting to have the opportunity to be an active participant in the process of economic advancement and in a manner that benefits all the parties.

Reaching our development goals is not difficult, but we need serious directions that support investments and investors and attract them with their advanced technology and capital to be employed in serving the economy of the country and the world, and here our slogan must be "the Rapid procedure. "
LINK

 

  • Thanks 3
  • Haha 4
  • Upvote 1

Share this post


Link to post
Share on other sites
58 minutes ago, DinarThug said:

Abdul-Hussain Al-Hanin * Financial agreement with China and the establishment of Iraq Holding Company.


02/16/2020


Hussain-Hunein-image-3-1.jpg

When the following question arises: What is the force that will unite the Iraqi people?
Is it religion, or nationalism, or sect, or external enemy, or slogans? ..

In fact, I did not hesitate before, nor now to say: Neither religion, nor sect, nor all of these factors can unite the Iraqi people. And Not even the shared history that we believe in as a social heritage.
Only shared interests will be able to build this desired unity, interests embodied in money, partnership and profitability seeking prosperity will unite us.

Europe, for example, was not united by the bright slogans. Rather, it was the common interests that enabled its people to throw behind all the tragedies of wars and differences. After the Second World War, it started the establishment of the European Common Market (EEC), that is the economic and political project that originated in Italy in June 1951. Then, there was the (Treaty of Rome) on March 25, 1957. The date that is considered the real day of the birth of that market, then the Schengen agreement and the European Union (EU) agreement in the wake of the Maastricht agreement in 1992, then the issuance of the European single currency (the euro). All over Europe, to get you to travel without feeling that you have crossed borders other than to switch your mobile network.

To continue reading, click on the following link

Hussain Hunain-Projects for unification Iraq

 

link

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

Abdul-Hussain Al-Hanin *. Financial Framework Agreement with China
Establishment of Iraq Holding Company.



When the following question arises: What is the force that will unite the Iraqi people?
Is it religion, nationalism, sect, external enemy, or slogans? ..

In fact, I did not hesitate previously, nor now, to say: neither religion nor sect, nor all of these factors can unite
the Iraqian people. Not even the shared history that we believe in as a social heritage.

Only common interests will be able to build this desired unity, interests embodied in money partnership and profitability seeking prosperity will unite us.

Europe is like the bright slogans did not unite them, but it is the common interests that enabled their peoples to succeed ..
All the tragedies of wars and calamities appeared, and after the Second World War, the European market was established
Joint (EEC), this is the economic and political project whose idea was established in Italy in June 1951, then there was the (Treaty of Rome) on March 25, 1957. The date is the real day of that mild market, then the Schengen agreement and the European Union (EU) agreement (Maastricht) in 1992, then the European single currency (the euro) was issued. This was accompanied by major projects, the most important of them the railway network and the roads that connect all parts of Europe, to make you travel without feeling that you have crossed borders only alter your mobile network.

Iraq, our country plagued by slogans, sects, nationalities and leaders that produced as output of corruption because of the absence of common economic interests, can it be transformed into a sustainable mass of interests, despite what?
Does it carry complex vehicles? Can we imitate a multi-lingual and different Europe in nationalities and traditions? distance
to be convinced that economic interests and joint ventures are sufficient on their own to unite the Iraqi people without
the need for reconciliation conferences and calls for civil peace?

Countries usually move during periods of recession or crises by launching large projects that contribute to moving the process of development and job creation, just as it contributes to lifting the country out of full or disguised unemployment. And also in order to manufacture a new round of the large accumulated capital among people, it will not be a discovery if we say that Iraq we need major projects that match the scale of the ruin left by an era of more than 40 years of wars and the siege and sectarian fighting, in order to move the process of development, and keep pace with the developed world to serve as a treatment it is real to employ people, and gather their minds and hearts on common interests.

I have always believed that start-up projects with profitable feasibility and a guaranteed financial return (such as Al Fao Port, and suspended train, ring roads in Baghdad, highways and express train, and airports petrochemicals, refineries, hospitals, schools, and other infrastructure projects inside and outside cities (can be models for fundamental solutions out of the current crisis tunnel. These models can it is formulated through the experience of the internal public offering as a complement to the financial model that we know as (oil for construction) and which was done (SINOSHORE) Agreed upon through the Financial Framework Agreement between China Export Guarantee Corporation and Iraq, and because this agreement is a realistic means in the absence of funding from the general budget and lack of confidence the foreign investor in a worried region like Iraq. For example, the large FAO port, due to the difficulty in obtaining financing external made us wait for more than ten years without completing the project completely, even if the project was launched for internal public subscription provided that it is preceded by an introduction and appropriate scientific propaganda, explaining the foundations and importance of the project and introduction accurate economic data about the profits and benefits expected from it, so it stands to reason that this will encourage people to contribution.
The wealth saved by citizens, estimated at more than 30 billion dollars, will be hoarded outside 
Iraqi banks, according to official estimates and data, will be the appropriate source of funding. And the matter applies to high-speed train line, Baghdad metro project, highway and other major projects like petrochemicals, etc., and the state can also be a partner with a contribution of guaranteed funds resulting from agreement of the last financial framework, or the addition of funds through government banks that save money that needs to be wide operation.

We have a clear example that has worked in other countries, including Turkey, which is the express train project that is supposed to it links all the provinces of Iraq, then connects Iraq to Europe, passing through Turkey, which launched the same project years ago it is a few and runs a length of 900 km between Istanbul, Ankara, Eskiseer and other cities of Turkey.

The subject is not a difficult dream to achieve when a joint stock company is established for the high-speed railway project called (Wahda Iraq) to represent the intermarriage of advanced technology for international companies that have succeeded in China, Turkey and the rest of the world
Among them: the French Alistom, the German Siemens and the Japanese Kawasaki, led by solid Chinese companies, the most important of which is a company Powershina, which can finance the project through the Signature Foundation, as Iraq needs to be assessed accordingly approximately 1,800 km of new railways and modernization of the old ones. The cost of the project is estimated at about 18 billion dollars, or 2.5 billion per year, if the implementation takes place within seven years. And by 3.5 billion-14 Dollars annually if it was implemented within five years, and these figures are available within the recent agreements with China and the participation of the Iraqi community through the internal subscription. 

The same applies to the rest of the projects in transit for governorates, as is the highway in the south and north of Baghdad and other projects that constitute a transition quality in the lives of Iraqis.

These projects will change the nature of life in Iraq, where the state can contribute a quarter of the value of the project while three-quarters of the shares of the public offering are to be released to the contributing public, to be managed by the private sector and remain a role the state is supervisory and supervisory, and thus we ensure that there is a common interest for all Iraqis in a case they own of wealth.

We will also contribute to creating a real capital cycle, which creates added value and creates jobs away from appointments that exhausts the public budget as well as the reliability of recovering funds within a short period of time to be recycled into projects and other services.

The state’s contribution gives confidence and guarantee to the public that motivates it to contribute and put its money in a new experience. It is an experience you also need a new culture and adopt a new economic pattern that is part of the social behavior of Iraqi society and that leadership in the construction of major projects and focus on big goals will dismantle the obstacles and mazes that tore public opinion, and in the same way other projects could be launched as joint stock companies with management belonging to shares (the civilized world and the private sector mentality) through the shares of these projects through a holding company

We can call it the Iraq Holding Company (Holding Company) and a source of their benefit at the same time, and it will definitely be the biggest factor in building the emerging and restored democracy the rational formulation of the currently distorted political system as our economic system still belongs to the pattern of regimes inclusivity based on rent, and looking at citizens as "nationals"! Because, in practice, they do not they contribute to the production of the country's national income.

(*) Adviser to the Prime Minister, resigned Mr. Adel Abdul Mahdi
Copyright reserved for the Iraqi Economist Network. Republishing is permitted provided that the source is indicated. 16
February 2020
http://iraqieconomists.net/

Man the Chinese are all over the place, I just saw Tucker Carlson on Fox News talk about how China is trying to get ahead of America. Yeah right my President isn't gonna let that happen.

  • Like 2
  • Thanks 2
  • Haha 2
  • Upvote 2

Share this post


Link to post
Share on other sites

LINK

Economist: The delay in approving the budget impedes the work of the domestic and foreign investor


19144.jpg

 

19th February, 2020

 

by Economist Aqeel Al-Ansari

 

The economist Aqeel Al Ansari said that the delay in approving the budget bill has negative repercussions on the Iraqi economy, and sends an unsuspecting message to the local and foreign investor

He added in an interview with "Al-Iqtisad News" that "the budget has two operational and investment wings, and the delay in approving the budget means turning it into a pay-only budget and the lack of the investment side in it

Al-Ansari continued that this means "high unemployment and entering the country in an economic recession that is difficult to get out of," adding that "one of the negative repercussions is the sending of an unsuspecting message to the local and foreign investor alike, thus delaying the investment operations in small and medium projects, but large projects are suspended. Necessarily

With regard to solutions, Al-Ansari stressed the necessity of leaving the budget "from political conflicts" and making it economic to implement the government's vision to keep it away from the requirement of parliament’s approval for approval

He added: "The other solution is for the Prime Minister-elect, and for a period of 6 months after the formation of the government, to submit a budget for a period of 4 years, which is thus the government's economic plan and regularization of the government program

  • Thanks 4
  • Upvote 1

Share this post


Link to post
Share on other sites

LINK

Al-Attar diagnoses the most prominent causes of social
resentment and determines the importance of some economic laws

 

image.jpeg.ecb9bdb648e0ab1453b0c04c6e0a65ce.jpeg

 

19th February, 2020


A member of the Iraqi Economic Council, Ghadeer Al-Attar, on Wednesday, the reasons for the increasing social and economic curse in the country.

Al-Attar said in a statement that Mawazine News received a copy of it, "The most prominent causes of the continuous social curse in our country are the absence of justice and the inequality of economic and financial opportunities."

Al-Attar pointed out that "the importance of applying the labor law, especially in the private sector, is good, in addition to reviewing the pension system in general and focusing on the importance of the private companies law and its establishment, the tax law, the currency window in the Central Bank of Iraq, and the private banking law."

Al-Attar called, "The Iraqi government to reconsider the way to study laws through the use of technicians and experts." 

  • Thanks 4

Share this post


Link to post
Share on other sites

LINK

Parliamentary Legal: The 2020 Budget will see fierce battles between blocs, bargains and extortion

 

%D8%AD%D8%B3%D9%8A%D9%86-%D8%A7%D9%84%D8
 
 
18:28 - 18/02/2020
 
 

The Parliamentary Legal Committee confirmed, on Tuesday, that the 2020 budget law will witness fierce battles in Parliament, bargains, concessions and passage of disputed laws within the budget deal.

A member of the legal committee, Hussein Al-Oqabi, told / "Information" that "the draft 2020 budget law will be delayed until the end of next April in the event that the political blocs are able to resolve the vote on the government of Muhammad Allawi this month."

He added that "there are major differences on the draft budget law 2020 between political blocs", noting that "the budget law will witness fierce battles in the parliament and be subject to bargaining and blackmail by some political blocs."

He pointed out that “there are political blocs that have political stances and others that have decisions that they want to pass, which will depend on the draft budget to pass in exchange for voting on the draft budget for 2020.” 

  • Thanks 3
  • Haha 2

Share this post


Link to post
Share on other sites
56 minutes ago, horsesoldier said:

End of April for the 2020 Budget ? We’ll extremely fortunate to see it by then.


That’s Because We’ll See It At The Beginning At The Start Of The 2nd Quarter ! :o 

 

 

 

April Fools ...

 

:D  :D  :D 

  • Haha 3

Share this post


Link to post
Share on other sites

Exit the bottleneck

 

Wednesday 19 February 2020

 

Dr. Bassem Al-Ibrahimi
 
 
The recent report issued by the International Monetary Fund regarding its vision for the future of the Iraqi economy raised many observations among academia Niche.

Regardless of the accuracy of the data adopted by the Fund, its methodological basis for evaluation and its intellectual references in the concept of economic stability, as the important thing is the economic constants that started from it, which have become known to all even without Specialists.

Deepening economic rent, growing public indebtedness, high unemployment and poverty rates are all pressing factors towards structurally dysfunctional budgets that are no longer able to stimulate the economy unless practical steps are taken towards moving private investment mainly in the short and long term out of bottleneck.

Excessive dependence on oil rents in managing a public sector where the worker’s productivity does not exceed three minutes (As some reports have shown) He is no longer able to sustain the minimum wages of his employees in light of the current economic paths, which will lead to the transfer of the crisis, not its solution.

As some people think, then we need to have a brave economic confrontation to solve these problems without delay, and the important thing here is to realize that this issue is the responsibility of everyone, not just the government, and it has become a matter of following up the indicators of the non-oil economy in Iraq to reach the acceptable growth rates Sustainability is something Necessary.

Here, I call for a pause in economic frankness or self-disclosure through the adoption of indicators of the non-oil economy (albeit in parallel with the indicators currently adopted) to guide them in setting a road map for the future that takes into consideration

Consider achieving the goal of sustainability in economic growth and public finance, to take advantage of all the positives achieved in the previous stage without reservation, and this step can be a starting point for a new phase that is in line with the requirements of the economic stage
والسياسية.

The current oil market data and its repeated shocks on rentier economies in particular, including Iraq, confirmed that the medium term that the report spoke about could be closer

From what it looks like today and with this we have to remedy what we missed, and as it is said that starting late is better than not starting, and the question

Here when do we start?

LINK

  • Thanks 5

Share this post


Link to post
Share on other sites

How Mahathir Muhammad made his country a large economic bloc in the world?

 

Wednesday 19 February 2020


alsabaah-31491.jpg


Baghdad / Al-Sabah

 

 
Iraq is looking to benefit from the experiences of the major economic countries that started from an underdeveloped economic country to a country comparable to the great economic countries, especially that Iraq has the capabilities and capabilities that make it in the ranks of the major countriesAccording to specialists in the economic affairs, Iraq is able to restore its economic potential and promote it by reducing dependence on oil imports, whose revenues are usually not fixed, because they are affected by fluctuations in global markets, and what is happening in events around the world, as well as supporting the private sector and reducing dependence Government sectors to achieve a real economic renaissance.

Malaysian experience
One of these experiences is the Malaysian experience that Malaysia has managed to revive its economy since 1988, thanks to the Malaysian Prime Minister who assumed power in 1981, and whose rule was marked by economic growth and infrastructure prosperity in Malaysia, which transformed it from a poor country to the ranks of developed countries. That made him a hero in the eyes of the people of developing countries.
Between 1988 and 1996, Malaysia witnessed 8% economic growth, and Mahathir released an economic plan entitled: The Way Forward or 2020 Vision 2020, confirming that Malaysia would become a developed country by 2020.
Mahathir contributed to shifting Malaysia's economic dependence from agriculture and natural resources to industry and export, and per capita income doubled from 1990 to 1996. Despite the slowdown in economic growth in Malaysia today and the goal may not be achieved by 2020, its economy is still Stable.
His greatest achievement during his tenure as Prime Minister was his economic recovery strategy after the Asian economic crisis of 1998. He disagreed with his advisors ’views and pegged the exchange rate to the US dollar, and this bold move caused Malaysia’s economy to recover faster than other countries.
 
About Mahathir Muhammad
Mahathir Muhammad is one of the most successful prime ministers in Malaysian history, and Mahathir has appeared on the signs of leadership and success from a young age.
He was a successful doctor before becoming a politician after joining the UMNO party, and then was promoted to political positions from a member of Parliament until his arrival as Prime Minister. During his 22-year rule, he fought for the rights of the Malay people and developing countries, pursued policies that helped the economy flourish, and provided educational opportunities for all Malaysian people.
He also welcomed foreign investment, reformed the tax system, reduced commercial tariffs, and privatized several state-owned enterprises. During his long reign, Malaysia gained the political stability necessary for economic growth, and moved from a poor country to the ranks of developed countries.
Mahathir's many achievements have made him one of the most influential figures in Malaysian history.
Mahathir Muhammad was born on July 10, 1925, and grew up in a poor suburb in the city of Alor Star, the capital of Kadah State, Malaysia. His father, Muhammad ibn Iskandar, was a schoolmaster and his social and material level was modest. And his mother was a distant relative of the royal family in a slander.
Mahathir was superior in his studies, was awarded a scholarship to enroll in an English high school, completed his secondary education upon the end of the war, and enrolled in the Medical College of King Edward VII Medical College in Singapore, which is now part of the National University of Singapore.

The beginnings of the rise of the Malaysian economy
And on the policy adopted by Mahathir Muhammad to become the ideal structure for the best investments in South Asia, education and scientific research appeared on a method map as a primary goal, and thus allocated the largest portion of the state budget to education, scientific research, training, craftsmanship, literacy and learning English, and sent tens of thousands of Researchers to study at the best universities in the world. Then he announced to the people with full transparency his strategic plan and informed them of the new accounting system governed by the principle of reward and punishment to reach what is now known as a comprehensive renaissance. 

Palm. 
In the tourism sector, Muhammed transformed all Japanese camps that were present during World War II into tourist attractions to include all recreational activities, sports cities, cultural and artistic centers, to become Malaysia as a global center for international races in cars, horses, water games, physiotherapy, etc., so that the return from tourism would be 33 billion dollars. Annually instead of $ 90,000 a year in just 20 years. 
It also established one of the largest Islamic universities in the world to become among the top 500 universities worldwide. And established a new administrative capital next to the administrative capital which was inhabited by 2 million people. Mahathir Muhammad was able to change the present and future of his country in only 20 years to become one of the countries referred to In Lebanon.

Strategic alliances
And you can benefit from Malaysia’s experience to advance the Iraqi economy, where a professor of economics at the College of Administration and Economics at Al-Mustansiriya University, Maitham Al-Oibi, believes that one of the important issues that Iraq should be aware of is to benefit from other experiences that preceded us, which should be strengthened through strategic alliances with international poles. Major and effective such as China, Europe and America.
He added in a statement to “Al-Sabah”: We must also complete the stage of transitional justice, conduct a comprehensive reconciliation, and build an economic and political era that balances the components of the Iraqi people and does not exclude one of them.
He continued, "The sector must be given priority." 
The Iraqi private sector through carrying out a supportive policy package, as well as initiating the building of extinct infrastructure as well as taking decisive measures in the matter of eliminating youth unemployment that has become a curse threatening societal peace.
 
The fundamentals of the Iraqi economy
Iraqi economists assert that Iraq possesses the capabilities and capabilities that make it in the ranks of the great countries, but that this requires a major economic revolution that starts from fighting corruption and corrupt people, through supporting the productive sectors in both its governmental and private sectors through activating the necessary legislations and granting facilities to the producers, all the way to achieving self-sufficiency. Of consumed products and exporting surplus ones abroad.
Thus, he needs practical strategic plans that must be applied by all governmental and non-governmental institutions in order to achieve a real economic renaissance along the lines of the Malaysian renaissance in order to place Iraq in the ranks of developed countries.
Iraq has a distinguished geographical location that can become a market for global trade exchanges through seaports, as well as its possession of various natural resources ranging from oil, phosphate minerals, sulfur, mercury and other resources lurking under the ground, in addition to the presence of human competencies that enable Iraq to achieve an economic structure big.
The Iraqi soil is considered one of the best types of arable soil that can be used to achieve food security in the country.

LINK

 

Edited by DinarThug
  • Like 2
  • Thanks 3

Share this post


Link to post
Share on other sites

LINK

Al-Baldawi: Able to overcome the "default" budget deficit

 

%D8%A7%D9%84%D9%86%D8%A7%D8%A6%D8%A8-%D9
 
 
09:15 - 02/20/2020
 
 

On Thursday, the deputy for the Alliance of Muhammad al-Baldawi confirmed that Iraq has the ability to overcome the budget deficit, pointing out that the deficit that exists is a hypothetical figure that has not occurred in past years.

Al-Baldawi said in a statement to "Information", that "the operational budget is burdened after adding additional expenses, but this matter and over the past years did not show a real deficit in the budget."

He added that "the deficit in the budget is only hypothetical figures for revenues and expenses, but the outcome at the end of the year is no budget deficit, as the Abadi government left a surplus of up to 17 trillion dinars."

He stressed that "Iraq has not suffered in the past years of any budget deficit, and it is possible to exceed the deficit in the budget for the current year, despite the addition of new expenses on the operational budget."

  • Thanks 4
  • Upvote 1

Share this post


Link to post
Share on other sites
5 minutes ago, screwball said:

Waiting......waiting....more waiting....rv time....hit that button dik heds


His Actual Name Is Richard Cranium ...

 

:D  :D  :D 

  • Haha 6

Share this post


Link to post
Share on other sites

LINK

Anbar is sending 8 damaged vital bridges to the World Bank
for reconstruction

 

%D8%A7%D9%84%D8%A7%D9%86%D8%A8%D8%A7%D8%
 
 
12:53 - 20/2020
 
 

The Mayor of Ramadi, Al-Anbar Governorate, Ibrahim Al-Janabi announced Thursday that it had referred 8 vital bridges damaged by terrorist operations to the World Bank for the purpose of its reconstruction.

Al-Janabi said in a statement to "Information", that "the local government of Anbar, in coordination with the Directorate of Roads and Bridges of the province, referred 8 vital bridges damaged by bombing by ISIS criminal gangs during its control of the international highway west of Anbar, to the World Bank to return to service."

He added that "the number of bridges and transfers that have not been rehabilitated on the international highways are about 42 bridges and shifts damaged by large proportions as a result of terrorist operations," noting that "the service departments used dirt transfers to compensate for some of the bridges that were damaged."

Al-Janabi said, "Reconstruction and rehabilitation of damaged bridges on the international highway will contribute to raising dirt transfers as well as relieving the suffering of the owners of vehicles who travel this road." 

  • Like 2
  • Thanks 1

Share this post


Link to post
Share on other sites

LINK

Planning announces the launch of the five-year plan 2020-2024 to support the implementation of the population census
in Iraq


%D9%86%D9%88%D8%B1%D9%8A-%D8%B5%D8%A8%D8

17:17 - 02/20/2020

 

Minister of Planning Nuri Sabah Al-Dulaimi announced Thursday the launch of the five-year plan 2020-2024 to support the implementation of the census in Iraq.

Al-Dulaimi said, in a statement received / information /, that "the five-year plan (country program) 2020-2024 of the United Nations Population Fund was launched," indicating "its importance in promoting population action in accordance with the priorities developed with all partners in the public and private sectors and programs of nations United and the international community.”

He emphasized that “the new country program is in line with the national priorities in the National Development Plan 2018-2022, sectoral strategies and Iraq’s vision. of the sustainable development goals 2030 and the UNFPA strategy 2018-2021."

He pointed out, "All partners cooperated with the United Nations Population Fund (UNFPA) to achieve the outputs of the country program 2020-2024 in providing accurate statistical data and supporting the implementation of the 2020 census in all its stages, supporting reproductive and sexual health programs and family planning, and contributing to the development of the public health system, Supporting the achievement of the goals of national strategies, providing statistical data on youth, promoting gender equality and empowering women, supporting statistical surveys in the areas of health and social, updating the national document on population policies, and providing and improving statistical data in line with achieving Scorer 2030. Sustainable Development."

  • Thanks 1
  • Upvote 2

Share this post


Link to post
Share on other sites

LINK

Trade proposes to hold the Baghdad exhibition in April after it was postponed due to the demonstrations

 

Trade proposes to hold the Baghdad exhibition in April after it was postponed due to the demonstrations
 
 
02/21/2020 11:06:22
 
 
The Ministry of Commerce revealed a proposal to set up the Baghdad International Fair in its new session next April, after it was scheduled for last October and was postponed due to the demonstrations.

 

The ministry spokesman, Muhammad Hanoun, said in a press statement, "The ministry has resumed its activities regarding the establishment of specialized exhibitions and the Baghdad International Fair, pointing out that there is a proposal to establish the Baghdad International Fair in its new session next April."

He added, "After the stability of the security situation, the Ministry of Commerce started its first activity, which will start with the establishment of the International Book Fair next month in the Baghdad Fair, under the auspices of the Prime Minister." 

The Ministry of Trade had decided, earlier, to postpone the establishment of the Baghdad International Fair, its 46th session, which was scheduled to be held in November 2019, until further notice, due to the events of the demonstrations in the country.
  • Thanks 2
  • Upvote 1

Share this post


Link to post
Share on other sites

Ways to encourage citizens to deposit their money in banks
 

Friday, February 21, 2020

 

alsabaah-31600.jpg

 

Baghdad / Al-Sabah
 
Experts and specialists in the Iraqi financial and banking affairs see the need to encourage citizens to deposit their money in Iraqi banks to contribute to promoting economic development in the country, stressing the importance of taking administrative measures to ensure the rights of depositors and tightening control over the work of local banks.

The banking expert, Abdulaziz Hassoun, said in a statement to "Al-Sabah": The banking system in Iraq is operating under a turbulent environment and then was not able to carry out its natural tasks, indicating that the financial issue is usually related to security, social and economic conditions, and these are all troubled in Iraq, as well On the absence of governmental economic approaches.

He added, that spending to spend financial returns on import only is a great reason for the delay and deterioration of banking work, pointing out that most banks are currently carrying out tasks and businesses that are not affected by banking work.

He explained, that banks usually do not work in banking and do not deal in foreign currencies by buying and selling currencies, indicating that the nature of the work of banks attracts deposits and invests them in a safe manner and achieves returns and growth and this is not available in the Iraqi banking environment, because all banks are busy dealing in foreign currency, i.e. buying and selling hard currencies. .

He stressed the need for the central bank to take measures that secure the citizen’s rights and tighten control over the banks ’work, and that the bank not be a spectator in front of the lawlessness of some banks that do not give citizens their rights.

He pointed out that the development of the banking system needs administrative procedures and tightening the control of the central bank because it is the primary responsible for the work of banks and it is those who granted them investment licenses, and it does not need legal legislation because laws exist.

He continued: There should be programs that encourage citizens to deposit their money in banks to contribute to achieving economic development in the country.

In turn, the financial expert Mohsen Abdul Jalil stressed that the failure of the Iraqi banking system is a major reason for the reluctance of foreign companies to invest in Iraq.

Abdul Jalil said in a statement to "Al-Sabah": that there must be development programs for the Iraqi banking system to keep pace with developments in international banks to be an attractive factor for foreign companies to Iraq.

He added, encouraging citizens to deposit their money in banks instead of accumulating them in homes and investing them in development projects that generate significant profits for the bank, for the citizens and for the country in general, calling for the restoration of citizen confidence in Iraqi banks by launching incentive programs to motivate him to deposit his money.

LINK

  • Upvote 6

Share this post


Link to post
Share on other sites
On 2/20/2020 at 5:57 AM, DinarThug said:

LINK

Al-Attar diagnoses the most prominent causes of social
resentment and determines the importance of some economic laws

 

image.jpeg.ecb9bdb648e0ab1453b0c04c6e0a65ce.jpeg

 

19th February, 2020


A member of the Iraqi Economic Council, Ghadeer Al-Attar, on Wednesday, the reasons for the increasing social and economic curse in the country.

Al-Attar said in a statement that Mawazine News received a copy of it, "The most prominent causes of the continuous social curse in our country are the absence of justice and the inequality of economic and financial opportunities."

Al-Attar pointed out that "the importance of applying the labor law, especially in the private sector, is good, in addition to reviewing the pension system in general and focusing on the importance of the private companies law and its establishment, the tax law, the currency window in the Central Bank of Iraq, and the private banking law."

Al-Attar called, "The Iraqi government to reconsider the way to study laws through the use of technicians and experts." 

Excellent article

  • Like 1
  • Haha 1

Share this post


Link to post
Share on other sites
7 hours ago, DinarThug said:

Ways to encourage citizens to deposit their money in banks
 

Friday, February 21, 2020

 

alsabaah-31600.jpg

 

Baghdad / Al-Sabah
 
Experts and specialists in the Iraqi financial and banking affairs see the need to encourage citizens to deposit their money in Iraqi banks to contribute to promoting economic development in the country, stressing the importance of taking administrative measures to ensure the rights of depositors and tightening control over the work of local banks.

The banking expert, Abdulaziz Hassoun, said in a statement to "Al-Sabah": The banking system in Iraq is operating under a turbulent environment and then was not able to carry out its natural tasks, indicating that the financial issue is usually related to security, social and economic conditions, and these are all troubled in Iraq, as well On the absence of governmental economic approaches.

He added, that spending to spend financial returns on import only is a great reason for the delay and deterioration of banking work, pointing out that most banks are currently carrying out tasks and businesses that are not affected by banking work.

He explained, that banks usually do not work in banking and do not deal in foreign currencies by buying and selling currencies, indicating that the nature of the work of banks attracts deposits and invests them in a safe manner and achieves returns and growth and this is not available in the Iraqi banking environment, because all banks are busy dealing in foreign currency, i.e. buying and selling hard currencies. .

He stressed the need for the central bank to take measures that secure the citizen’s rights and tighten control over the banks ’work, and that the bank not be a spectator in front of the lawlessness of some banks that do not give citizens their rights.

He pointed out that the development of the banking system needs administrative procedures and tightening the control of the central bank because it is the primary responsible for the work of banks and it is those who granted them investment licenses, and it does not need legal legislation because laws exist.

He continued: There should be programs that encourage citizens to deposit their money in banks to contribute to achieving economic development in the country.

In turn, the financial expert Mohsen Abdul Jalil stressed that the failure of the Iraqi banking system is a major reason for the reluctance of foreign companies to invest in Iraq.

Abdul Jalil said in a statement to "Al-Sabah": that there must be development programs for the Iraqi banking system to keep pace with developments in international banks to be an attractive factor for foreign companies to Iraq.

He added, encouraging citizens to deposit their money in banks instead of accumulating them in homes and investing them in development projects that generate significant profits for the bank, for the citizens and for the country in general, calling for the restoration of citizen confidence in Iraqi banks by launching incentive programs to motivate him to deposit his money.

LINK

Only way is to rv a change in rate worked for Germany and will here they know it we know it!

  • Thanks 2
  • Haha 1

Share this post


Link to post
Share on other sites
On 2/19/2020 at 3:11 PM, horsesoldier said:

End of April for the 2020 Budget ? We’ll extremely fortunate to see it by then.

We were told a month or so ago that they wouldn’t start working on the budget till April and end up approving it in May. My opinion is the reason for the delay and why they haven’t even been allowed to view it yet is because the figures wouldn’t make any sense. I think the rate change will happen right before they start looking at it.. End of Q1, or start of Q 2. ;)

  • Like 4
  • Thanks 3
  • Upvote 1

Share this post


Link to post
Share on other sites

LINK

Source: Ministers control major contracts and prevent the entry of solid companies into Iraq

 

image.php?token=4b5e683e2c732452485156585d2dac3f&c=5504043&size=
 
 
22nd February, 2020
 
 
An official source in the governmental integrity commission tasked with pursuing corruption revealed that there are ministers who control major contracts and prevent the entry of solid companies into Iraq.


The source told "Al-Ikhbaria", that "most political parties holding power" have economic committees that are tasked with obtaining commercial contracts for the benefit of their subsidiaries.

He added, "Every party minister has a group of companies that get major contracts, which usually do not perform service work and have no experience in the field of business, but they" prevent the entry of solid companies to compete with them.

After 17 years of successive governments, Iraq, which is floating on seas of oil, still lacks basic services such as electricity and clean water, along with a near collapse in the health and education systems.

Allawi pledged in his first speech after the commissioning to work to inventory the economic committees of the political factions as part of his government program, which was considered by observers as a major challenge difficult to achieve.

Share this post


Link to post
Share on other sites

It Reached $ 50 Billion .. Iraqis Suffer From Withdrawing Their Deposits From Lebanese Banks

Most of them are businessmen and politicians

February 22, 2020

 

The economic crisis that Lebanon is witnessing has cast a shadow over the Iraqi depositors in Lebanese banks and those who struggle to obtain their deposits.

Informed sources stated to (Independent) that the Iraqi depositors who have accounts in Lebanese banks and most of them are businessmen and influential politicians and residents in Lebanon, are suffering from the banks' refusal to withdraw the sums that I deposit in the banks due to the economic crisis and the scarcity of the dollar.

Lebanon is witnessing an escalating economic crisis that began to worsen last October 17, with a popular movement launched in protest against the difficult living conditions.

And this crisis led to a rise in the exchange rate of the lira on the black market to more than 2000 pounds against the dollar, and banks and exchange offices resorted to limiting the sale of the dollar, so that it became almost impossible to obtain it.

LINK

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.