Post From BondLadys Corner
BondLady & Tlm724 News & Comments 5-22-16 Part 1 of 2
Abadi and Obama agree to secure Baghdad Green Zone
Author: AB Editor: AB 22.5.2016 12:51 Long-Presse / Baghdad
Prime Minister Haider al-Abadi and US president Barack Obama, agreed on Sunday to improve Baghdad's Green Zone security, and stressed the need for continued dialogue among all parties in Iraq, while as new commitment to the strategic partnership between the United States and Iraq.
According to press secretary's office in the White House in a statement received (range Press), a copy of it, "President Obama spoke by telephone yesterday with Iraqi Prime Minister Haider al-Abadi, affirming US support for the Iraqi people and shared our fight against Daash," noting that " Obama offered condolences on behalf of the American people to the victims of the recent terrorist attacks in Baghdad. "
The statement added, "The two leaders discussed the progress that has been achieved in the fight against Daash campaign, where Iraqi security forces continue to progress in Anbar province," noting that "the president reiterated US support for Iraqi security forces, stressing that while the campaign will run, the US United and the international coalition to confront Daash President will continue to do their part in the training, advising and assisting Iraqi forces. "
The statement disclosed that "President Obama agreed with the prime minister on the vital importance of improving the Baghdad international and regional security," pointing out that "pointed to the importance of continuing dialogue between all parties in Iraq until the Iraqi people can realize their aspirations, which aspires to it through its democratic institutions." .
The statement continued, "President Obama praised Iraqi Prime Minister praised the steps taken by his government to reach an agreement with the International Monetary Fund,"
stressing that "the two leaders agreed on the importance of the international community's support for the advancement of the Iraqi economy, especially since Iraq is fighting a constant battle against Daash" explaining that "the two leaders affirmed their commitment to the strategic partnership between the United States and Iraq." LINK
tlm724 Thanks BL it's interesting that he finally called Abadi, you were right when you said the US has eyes on the Embassy etc... Wink He is paying attention after all and is watching Iraq's economy as well
"President Obama praised Iraqi Prime Minister praised the steps taken by his government to reach an agreement with the International Monetary Fund," stressing that "the two leaders agreed on the importance of the international community's support for the advancement of the Iraqi economy, especially since Iraq is fighting a constant battle against Daash" explaining that "the two leaders affirmed their commitment to the strategic partnership between the United States and Iraq."
Imprisonment three years and a fine of 9 dinars billion against the director of the Rafidain Bank in Basra
22/05/2016 13:40 BAGHDAD / tomorrow Press : announced criminal Basra Court, Saturday, in jail for three years on the director of the branch of the Rafidain Bank in the province, after being convicted of granting loans outside the controls .
The judiciary, in a statement received " Tomorrow Press " copy of it, " court Criminal Basra specialized integrity issues, sentenced to imprisonment for a period of 3 years from the director of the branch of the Rafidain Bank in the province, after being convicted of granting loans outside the controls, with compel it to pay the amounts which have long been growling .
" for his part, President of the Appeals judge Adel Abdul - Razzaq , said that " the court Criminal Basra specialized integrity issues looked lawsuit manager of the Rafidain Bank Basra branch / 2 on the charge of granting violation of loans to the controls and instructions . "
He said Abdul Razak, that " the granting of loans in this way cause the waste of the public money of $ 9 billion and 316 million dinars . " He explained that " the evidence was sufficient to convict the accused, and judged according to the provisions of Article ( 340) of the Penal Code with imprisonment for a period of three years . "
He pointed Abdul Razak that the " rule ensures recovery of amounts which have long been growling and not to evacuate the process after the expiry of her sentence what those amounts were not paid . " LINK
[tlm724] dayum thats good news ! Imprisonment three years and a fine of 9 dinars billion , thats like 9 million bucks he's gotta pay back *wolfwhistle*
Foreign exchange rate of the Iraqi dinar on Sunday, May 22, 2016
Economy Since 05.22.2016 at 08:26 (Baghdad time) BAGHDAD - balances News
US $ 1 = 1,166.1500 Iraqi dinars
1 Iraqi dinars = US $ 0.0009
1 euro = Iraqi dinars 1,308.5944
IQD 1 = 0.0008 euros
IQD 1 = 0.0006 pounds
1 CAD = 889.4101 dinars
IQD 1 = 0.0011 Canadian dollars
1 AUD = 841.6696 dinars
IQD 1 = 0.0012 Australian dollars
1 Japanese Yen = 10.5879 dinars
IQD 1 = 0.0944 Japanese yen
tlm724 so it wasn't a fluke yesterday, same today, very interesting
US $ 1 = 1,166.1500 Iraqi dinars
1 Iraqi dinars = US $ 0.0009
Investments in Iraq enjoys international support
5/22/2016 0:00 BAGHDAD - Hussein al - Tamimi Tgb Deputy Economic prime Baghdad forum spokesman Antoine legitimate interest in the Organization for Economic Cooperation and Development by investing in Iraq and ways to be activated after the stand at the most important determinants and work to overcome them in order to serve the international investment effort and regional wishing to work in Iraq.
He said Antoine in an interview with « Sabah »said the project titled improve the business and investment climate in Iraq working to help the Iraqi government to set up a policy framework for a more attractive investment for the implementation of investments,
and increase the government 's ability in the field of encouraging and promoting Ki attracted better and keep him, especially in the strategic sectors for economic development in Iraq over the long term,
pointing out that he was seeking through work on investment zones in Iraq group, to support the government's efforts to establish a framework enables the development of special economic zones.
amend the law and pointed to the modern concrete results of the Iraq project Organization for economic cooperation and development that the most important and at the request of counterparts from the national investment Commission and the Council of Representatives,
the project will analyze and formulate recommendations for the second amendment to the law of the Iraqi investment for the year 2006, introduced some of the recommendations in the final version of the law , issued in October 2015,
the project also supports the active and positive legal initiatives and encourages on investment through expert consulting on policy and capacity building,
for example the law of arbitration agreements and bilateral investment. business climate Antoine between the project was discussed with officials in the Iraqi government and international experts and experts in the Organization for economic cooperation and development ( OECD ) activities recently carried out and its results and Totarparwa Iraq OECD economic
as well as lessons learned for future cooperation in the field of development in Iraq and the countries that live in fragile or conflict - affected conditions, as well as Iraq 's efforts to improve the business and investment climate and how to contribute to Iraq project in these efforts,
as well as the future to further improve economic, political, legal and institutional reforms investment framework for action. He pointed out the value of the posts before the Iraqi delegation showed the most important ways to work presented by Prime Minister Dr. adviser.
The appearance of Mohammed Saleh, representatives of the Ministries of Industry, Planning and members of the House of Representatives and the President of the Baghdad Economic Forum Fares al - Salman and the Association of Iraqi banks and the National Business Council of the Iraqi National Investment Commission.
Investment Promotion said dealt with the project sessions to encourage investment and the paths being a key element in attracting foreign investment and keep it in Iraq, where encouraging Alasttmarwaltroyj him an integral part of Iraq's efforts to attract local and foreign investments alike,
pointing out that the participants ate the role of investment promotion agencies in Iraq to facilitate the investment in the preparation of specific investment projects.
And the experience of other bodies to encourage investment. The Organization for Economic Cooperation and Development ( OECD ) has supported the Iraqi government in improving the national and international legal framework for investment.
Provided, in particular , an analysis of the investment law when he was the subject of re - examination in his texts, and made specific proposals to deal with the Iraqi secured precisely, and has built legal advisers and negotiators capabilities in investment agreements and international.
tlm724 the project titled improve the business and investment climate in Iraq working to help the Iraqi government to set up a policy framework for a more attractive investment for the implementation of investments, and increase the government 's ability in the field of encouraging and promoting Ki attracted better and keep him, especially in the strategic sectors for economic development in Iraq over the long term,
The Organization for Economic Cooperation and Development ( OECD ) has supported the Iraqi government in improving the national and international legal framework for investment.
The Organization for Economic Cooperation and Development (OECD) is a unique forum where the governments of 34 democracies with market economies work with each other, as well as with more than 70 non-member economies to promote economic growth, prosperity, and sustainable development.
The Organization provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and coordinate domestic and international policies.
IMF loan will address the chronic economic problems
5/22/2016 0:00 BAGHDAD Shokran Fatlawi said economist Abbas Karbalai in his speech for the «morning»: that the loan provided by the IMF is an important economic outlet and treats chronic economic problems, as will work on the creation of additional entry of the forces of industrial production, agricultural, and have the Iraqi economy under control international for use in locations distant from financial corruption areas.
he added that the loan reached by the negotiating team to approval by the international Monetary Fund amounting to about $ 15 billion, will use part of it to the shortfall in the balance of payments cover as well as the reconstruction of liberated areas.
and reach Iraq, experts international Monetary Fund to agree on a program of economic and fiscal policies in order to meet the urgent needs of the balance of payments for a period of three years to achieve a balance between spending and the level of low oil prices.
Karbalai said , reached Iraq into an agreement to prepare the credit duration of 36 months or under this agreement , which is subject to the approval of Executive Board the Fund will be made available for Iraq access to credit from the fund worth up to 3.894 billion and SDR 5.4 billion US dollars a condition to complete the macroeconomic framework and guarantees for financing.
the willingness credit the previous agreement with Iraq worth $ 3.7 billion Dolaromirka is equivalent to 200 percent Iraq 's share in the fund , which was approved by the Fund in February 2010, expired on February 23, 2013 and in the month of July 2015, Iraq had used its resources in the framework of «rapid financing tool» $ 1.2 billion.
the head of the IMF mission to Iraq made a statement in the Jordanian capital Oman between through which severely affected the country as a result of the ongoing conflict with al «Daash» and the sharp fall in oil prices and the resulting pressure on the country 's resources, and the flow of new waves of internally displaced persons, pointing out that their numbers reached more than 4 million people.
the prime the mission that the sharp fall in oil prices , the latest shock large external balance of payments and revenues of the budget dependent class basis on the export earnings of oil.
He noted that Iraq agreed with IMF staff on a program of economic policies in order to meet the urgent needs of the balance of payments, to achieve harmony between spending the low level of oil prices and ensures the continuity of debt sustainability as well as it includes measures to protect the poor and to strengthen public financial management, and to support the stability of the financial sector, and curb corruption. http://www.alsabaah.iq/ArticleShow.aspx?ID=116668[/rtl]
tlm724 that the loan provided by the IMF is an important economic outlet and treats chronic economic problems, as will work on the creation of additional entry of the forces of industrial production, agricultural, and have the Iraqi economy under control international for use in locations distant from financial corruption areas. (Very Happy)
The advancement of the national production is subject to planning
5/22/2016 0:00 BAGHDAD - Shatha Faraj between the number of people interested in economic affairs need to speed to take the necessary steps for the advancement of the industrial production through the privatization of state - owned factories , which lacks feasibility as well as providing factors to attract foreign investment in order to achieve self - sufficiency.
According interested in economic affairs spokesman Janabi: Ban « among the ways that must be made for the advancement of the industry is to find a modern capitalist industry and reduce the influence of the public sector and handed over to the private sector and the imposition of taxes on the private sector ».
among Janabi« the importance of an economic committee comprising the Federation of industries and the Iraqi chambers of commerce and industrialists, economists and money as well as scientific competencies in Iraqi universities «he said al - Janabi , « and for the work of those steps should be applied to the tariff.
in turn, the specialist Taha Khazraji: «of solutions that we have to deal with it for the advancement of national industry is the reduction of the import process and complete willingness new industrial to the reality, as well as the inclusion of workers social security sector, and to make public sector pay close to private sector salaries.
he saw economic Jamal al - Tai said «ways to activate the industrial sector in Iraq is to develop a strategy to build an advanced industrial system in Iraq plans according to the latest global technology in industrialized countries.
among the importance of improving and encouraging the private sector and make it a competitor for government industries and to benefit from the return of capital as there are more than $ 40 billion Iraqi capital invested in neighboring countries are producing goods and services.
He stressed the importance of supporting the specialized banks to provide businessmen and investors Iraqis to loans and advances to set up a medium - sized production projects the small and the benefits of incentive for the advancement of the Iraqi economy, and put the tax on imported goods to protect national production and maintain hard currency.
He pointed to the need to start the privatization process at the laboratories and government factories that lack of economic feasibility with secure social security employees for employees, noting the importance of benefiting from international expertise and bring in foreign capital to set up a strategic factories in the country to meet the local need of goods and services with a focus on quality and quality so as to provide hard currency for the country. » http://www.alsabaah.iq/ArticleShow.aspx?ID=116665
tlm724 He stressed the importance of supporting the specialized banks to provide businessmen and investors Iraqis to loans and advances to set up a medium - sized production projects the small and the benefits of incentive for the advancement of the Iraqi economy, and put the tax on imported goods to protect national production and maintain hard currency.