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Raise the international protection of Iraqi funds for the end of next June
Detect the appearance of Mohammed Salih, adviser to the CBI that the hybrid will strip the protection of Iraqi funds deposited in the Development Fund for Iraq and also earned from oil exports.
The end of June, and under Security Council Resolution No. 1958 and explained that 95% of the proceeds resulting from the Tsidiralnaft and its derivatives, developed what is known as the Development Fund for Iraq, established after the occupation of Iraq to protect Iraqi funds to prosecute the creditors, noting that five per cent of the proceeds go to the Commission Compensation in Geneva to compensate Kuwait for the results of entering Iraq in 1990 and Salih stressed that the money deposited in the Development Fund for Iraq, or that it was deposited at the disposal of the government of the Iraqi Ministry of Finance and Central Bank of Iraq. Saleh explained in a statement to the correspondent of news agency, Baghdad International on this protection issued by the President of the United States of America in 2004, according to the validity of the hybrid conferred upon him, renewed on an annual basis, indicating that this protection include the protection of Iraq's money and oil revenue from any prosecution that may govern the courts against Iraq, noting that this protection expires at the end of the month of May has extended this protection to the end of the month of June to agree with the end of the term of protection of United Nations funds, ethnic prosecutions.
Saleh added that the United Nations had asked Iraq to submit its report before the beginning of the month of May next to the UN Security Council to demonstrate the mechanism that will be under transition of Iraq's money from the Development Fund for Iraq to the new arrangements which Tertoeha the Iraqi government, adding that the aim of presenting this report to know the United Nations Ststqta the mechanism by which money damages amounting to 5%, as well as to learn how to organize accounts.
Salih stressed that Iraq form a ministerial committee headed by Deputy Prime Minister for Economic Affairs Ruz Nuri Shaways and membership of the Minister of Foreign Affairs and Minister of Finance and Chairman of the Financial Inspection Office and the Governor of Central Bank of the drawing mechanism and arrangements for investigating the safety of funds of the Republic of Iraq prosecutions and resolutions issued against Iraq by the trade creditors and the interest of Iraq to emerge from this international protection replied Saleh said that Iraq should be based on the same at this stage because it is not possible to provide permanent protection by the United Nations must be to come on to raise him protection, indicating that the Iraq of the few countries that have received such protection and which should be completed and Iraq relies on itself in the management of his money, whether or tens of billions of dollars.
http://www.baghdadiabian.com/news.ph...n=view&id=4170
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Financial loans will not be released until after the new controls
Finance and General Manager of Bank of Mesopotamia and the agency Zia Habib Alckheon launch of the Ministry of Finance advances and loans for the time being unless the re-consideration of controls and mechanisms of credit and lending with the allocation of sufficient funds to them.
He Alckheon in response to a newspaper Baghdad news on previous loans to credit, which included all those who have borrowed previously was fair both for the degree of special and high or to Mozvien young, indicating that lending to the disabled senior and special fiftieth salary was because of their ability to pay premiums advance, which may reach installments of one million dinars, and this is what fails to pay young employees in the event that comprised the advance. For his part, Director General of the Rasheed Bank Kazem fistula that all previous credit was fair and that the amounts that had been allocated for loans discussed above about just before the entry into force, including salary advance session.
Accused the staff of the financial community and the banks that it was unfair in lending to people, especially after he loaned with the higher grades and for large amounts of money and got to fifty salary of the borrower, although the owners of those grades receive the privileges of not getting the staff with the lower grades, and despite the cessation of such loans Since mid-2009, which according to many officials are scrambling them and took the branches of a bank of good and Mesopotamia to receive loans, leaving Fatafeat amounts to the average employee and this in turn Astnfzv amount of two billion and a half from the treasury of the Ministry of Finance.
Sinan Mamouri employee in the Ministry of Construction and Housing said he spent six years in the job did not include any loan or advance from the Ministry of Finance, either because of difficulty controls credit or because of the identified categories are awarded them, and that loan fifty-salary grants to people who are not in need of them for possessing the privileges do not know them simplest officer in the Iraqi government, so I think that loan fifty salary was not fair for the staff because of the focus on the category without the other.
As Jassim Silverline employee in the education of Rusafa third had a Rookr pointed out that the financial when controls have been established for the granting of a loan session the salary of the degrees of was unfair to a wide range of state employees who have privileges as it exists in the House of Representatives and the ministers and officers, judges must therefore be the Ministry of Finance re- consider granting loans when it is launched during the coming period to include all staff and not a class at the expense of another class.
For its part, said Officer Roa Hassan Aziz in the ministry of electricity it has become a dream of obtaining an advance, even if the amount is simple because every time the Ministry issues a decision to grant loans or advances, they put more controls and mechanisms in order to be taken advantage of a special category ministry you know at the expense of the poor state employees.
As confirmed by a member of the Finance Committee in the House of Representatives Abdul-Hussein al-Yasiri that the administrative boards of the banks are put controls and mechanisms by which the granting of loans to employees and citizens, which sets interest rates that are deducted from the recipient of the advance or loan.
Yasiri said in a statement singled out by the news agency Baghdad Alabaripan the granting of advances and loans is a process of support for the Iraqi economy, but must be done according to the special mechanisms agreed upon by all economists with the departments of government banks for the coverage of all citizens, and the inclusion of scores for a loan of fifty salary without the others, and also the inclusion of a small number of staff advance five million have been suspended after the entry into force of the amount allocated to it and you see the 2 and a half.
He pointed out that Yasiri hope of the Ministry of Finance to review the controls and mechanisms of the granting of loans and advances to include the greatest possible number of citizens.
The General Manager of Bank of Mesopotamia and the agency Zia Alckheon that granting a loan to pay the fifty degrees of it was fair because of their ability to pay installments of $ million dinars per month, which has not been given to young staff due to their inability to pay premiums to double their monthly salaries.
He Alckheon he does not have the intention to launch the ministry advances and loans for the time being unless it is reviewed and mechanisms and controls to increase the amount allocated to it.
For his part, said Director General of the Rasheed Bank Kazem fistula that the policy of the bank in lending and credit, they policy is not new, but is present since the founding of the bank, but were subject to the development and amendment, so the bank will grant loans for the Erhnoa guarantees property of their money, but for the staff they are not customers, but customers with the bank, and a wide range of types of advances, loans, under the guidance of the Ministry of Finance is to assist staff in meeting their needs, and level of bank operation to repay loans from their monthly salaries for a period ranging between 15-25 years and an interest rate ranging between 3-8% depending on the duration loan or advance and the quality of the borrower or beneficiary, so we see the process of granting a loan fifty salary was fair. Although considered by many economists and financial credit that was fair, but many of Mozvien Igtbroh away from the fair because people with high needs and special exhausted large amounts of a trillion and a half, especially since some of the salaries of more than several millions of dinars.
http://www.baghdadiabian.com/news.ph...n=view&id=4169
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Iraq signed with organizations in the United Nations a memorandum of understanding for a strategic next four years
Iraq has signed with the United Nations Children's Fund UNICEF and the United Nations Development Programme and United Nations Fund for Population, on Monday, a memorandum of understanding and strategic action plans to stretch the next four years, projects related to economic development such as statistics, child care and maternity.
A member of the advisers in the prime minister Thamer Ghadhban After signing the agreement in an interview for "Alsumaria News", "Iraq signed a memorandum of understanding and action plans with the three agencies of the United Nations in Iraq is the UNFPA, UNICEF, UNDP is the UN," indicating "The purpose of the memorandum is to implement the strategic action programs for four-year span from 2011 to 2014."
He angered that "the memo included a focus on specific development activities, including activation of the capacity of Iraqi institutions at the federal and local levels, especially with regard to economic development projects such as statistics, child care and maternity."
For his part, said deputy ambassador to the United Nations Children's Fund in Iraq, Osama Irons Khoja me in an interview for "Alsumaria News", "The plan consists of several axes, the first is the survival and growth for the children of Iraq, and the axis of the water and sanitation, and the focus of a good education and education for all, and the hub is important is to protect the children of Iraq, "pointing out that" the activities are in accordance with the Plan for the Development of Iraq, which expires in 2014."
Khoja said to me that "The plan focuses on the most needy children in remote areas not reached by services," noting that "the organization is working with the Iraqi government to accomplish Cluster Survey, which began to determine the exact whereabouts of these children."
In turn, said Undersecretary of the Ministry of Planning for Technical Affairs Sami Matthew Paul, in an interview for "Alsumaria News", "it was the signing of three memorandums of mission with United Nations agencies concerned with the first children and the second population and the third developed an integrated program of cooperation between UNDP and the Iraqi government, deals with the various aspects of development and management, "he said, adding that" the coordination will be continued on a daily basis with UN agencies to implement this program."
The Iraqi constitution that was ratified in 2005, had confirmed the rights of Iraqi children and Article 29, section II, the third paragraph of it, that it prohibits all forms of economic exploitation of children, and the State shall take measures for their protection, as stated in the text of Article 30, first paragraph, what benefit to ensure the state of the individual and family especially children and women in terms of social security and health insurance and the basic components of a decent life such as adequate income and permanent housing.
The wars that came to Iraq during the regime of former President Saddam Hussein, leading to the armed violence that has gripped Iraq after 2003 left a large number of orphans and widows.
http://www.alsumarianews.com/ar/3/18...-details-.html
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International companies renewed interest in investing in the energy sector
International oil companies expressed their desire to access to investment opportunities in Iraq because of the capacity of reservoirs owned by the oil and the lack of investment of this wealth for several decades and the country is in dire need of modern technology in industry Alnaftypalastkrajep.
Alaa Al Mansouri, Director Middle East branch of the company Rolf Dd specialized international oil industry source told the (morning) that the company several contracts in different parts of Iraq in the industry of reservoirs of oil giant high-tech, pointing out that despite the capacity of the business needs of the country in this aspect, but our ambition to enter into the field of employment Iraqi card wider because we know that Iraq is the largest market in the world in this area and said: This really made us put Iraq at the forefront of our future plans several years ago and today we have a mechanism for new work in Iraq by opening new branches in the south and the capital, as well as in regions of Kurdistan.
Al Mansouri noted that the delay of work in most areas due to the oil routine, which is accompanied by access to work permits and the transfer of equipment when necessary and this requires the intervention of the sponsors of the investment and to address these problems more vigorously. As president of Gulf oil d. Mohamed Salah Jalal said: "The company specializes in engineering studies of the reality of oil exploration and gas as well as in work on the development of the energy fields of different kinds, as well as training of cadres in the oil sector on the latest techniques that have taken place on the energy sector recently, adding work on communication with regard oil Iraqi for the transfer of global expertise to Iraq and the possibility of adoption for the development of the reality of the energy sector in the country, especially that studies and research dealing with the reality of the extraction, production and transportation in this field has shown the adoption of mechanisms to traditional work does not fit the large reserves held by Iraq, and that workers in the energy sector of different experience levels need to international companies that have a great desire to come and work in Iraq.
To that, "said Ahmed Falah Hassan, an agent for one of the international oil companies: the specialized international companies digging oil wells and pipelines to transport products operate on the transfer of heavy equipment used for these aspects to be invested in Iraq over the coming period, noting that the working environment in the oil sector in Iraq has become today is better than the former and much of this has encouraged most of the international companies to send delegations to Iraq on an ongoing basis and bring together work with companies operating in Iraq and stand at the most important joints of the investment process which made these companies can find an appropriate opportunity to enter the field of employment in the oil in Iraq.
The Engineer Hazem Ayyad, owner of oil company competent acting palpation oil: We are working towards getting the opportunity to work within the lake of oil, owned by Iraq, where we come in the best advanced equipment that were not used in the world in this area and employment in the discovery of new oilfields and deep inside and mechanisms of extract required to the involvement of Iraqi companies working alongside oil companies to develop the efficiency of the competent Iraqi expertise in this area.
http://www.alsabaah.com/ArticleShow.aspx?ID=4170
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Medium optimized for the integration of banks
Brings together financial experts and economists of the need to reform the banking sector in order to activate its role in economic development processes and supports the trend of the recommendations issued by the economic seminars in this regard.
It seems clear from the Iraqi Central Bank's procedures and decisions on the restructuring of banks and raise their capital from the merger of Union Bank is qualified to reform steps are going in the right direction.
The objective behind the decision of the central raised the capital of private banks formed part of his quest to strengthen their capacity to respond to the requirements of real development in the country and the expansion of banking services required.
By contrast, the resolutions of the merger and the European Union definitely belonging to banks that are unable to provide financial solvency sufficient, so that they respond to the requirements of reform, but it seems that these decisions are having difficulty in implementation as they relate to abandon the personal autonomy of the moral for the benefit of the other we see that these difficulties that delayed the investigation This goal of any merger or union back to the banking sector still lacks a culture of dealing with the developments and processes of development, economic growth and that its requirements mergers to create sufficient capital to accommodate these goals.
In return, the decision to the Iraqi Central Bank is obliged to micro-banks that are not possess sufficient capital to perform the functions of development, what is the solution over these variables under the prescribed period for the implementation of the resolution, which started the countdown and the banks that were unable to raise their capital to withdraw from the financial market?
We note that the privileges and title master of the situation in blocking the implementation of the merger and the Union as the need requires building the institutions of banking sober and with financial solvency and the adequacy of capital and hence the vulnerability of the art of negotiation in this area is reflected in the important decisions and the right In such a case requires the selection of independent third party do the job any management of the negotiation between the banks, which tend to merge or union and find that best represents this mediation are the companies financial investment that is empowered by law to exercise this role, where, according to international reports that these companies are leading such activity in the brokerage operations of banks in most countries of the world advanced.
It seems that the mediation of these companies enough to resolve the bottleneck and facilitating mergers and the European Union and thus ensure that activate the role of corporate financial investment in this area and will be reflected on the evolution of capital market and its positive impact in the activity of the Iraqi Stock Exchange with the introduction of an important activity and is vital for investment companies, thus ensuring a meaningful contribution and effective in repairing the important aspect in the financial sector.
http://www.alsabaah.com/ArticleShow.aspx?ID=4169
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Foreign Minister receives delegation from Harvard University
His Excellency Foreign Minister Hoshyar Zebari on Tuesday afternoon day on 3/15/2011 and a delegation of students and researchers in the fields of politics, economics and law at Harvard University, U.S., and made His Excellency During the meeting, a briefing on the evolution of the political process based on the principles of democracy and peaceful transfer of power in Iraq, and economic conditions experienced by the country and the role of investment, particularly in the oil sector, pointing to the large and promising possibilities in Iraq.
http://nahrain.com/d/news/11/01/i/110315a1.jpg
The Minister also answered a number of inquiries about the variables in the region.
Ministry of Foreign Affairs
http://nahrain.com/d/news/11/01/110315a.htm
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Committee on Economics, re-introduce a bill rebuild infrastructure
Detection decision for the economic and investment commission parliamentary Mahma Khalil announced the launch of its bill for reconstruction of infrastructure and service sectors, calling the legislation of laws that promote development and economic reality of the country and the elimination of unemployment.
Khalil stressed during a press conference the need for legislation of laws that promote the reality of development and economic of the country and the elimination of unemployment and creating job opportunities and give priority to in order to speed up the approval of such projects, noting that the draft law infrastructure is designed to renew the strategic projects and services and the reconstruction of facilities and infrastructure Biotechnology and implemented in all parts of Iraq including the Kurdistan region«.
He added that the Economic and Investment in Parliament, working in accordance with the rise reality of development and economic Iraqi, and the elimination of unemployment and creating job opportunities for pointing out that this project was to vote on more than nine items from it in the session the previous parliamentary and delayed for political reasons, and near the elections and that the implementation of the bill is through the payment term Awacharakp between the sectors of public and private Awativ direct ». and Khalil said his commission believes that the time has become relevant after the scarcity and lack of financial allocations to divide the investment in the budget, especially since this project will have a significant impact in economic and social development of the country and the advancement of the service of reality, noting that the value of a project is 70 billion dollars and the equivalent in Iraqi dinars, and as of the date of the law».
http://www.almowatennews.com/news_view_17545.html
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Amiri: A parliamentary delegation will travel to Kuwait in the coming days to discuss outstanding issues
Member of the Committee said the refugees and displaced parliamentary Mona Amiri said the parliamentary delegation will travel to Kuwait in the coming days to discuss the outstanding issues between the two countries.
Said Amiri's (Citizen) yesterday that the parliamentary delegation of the political blocs in the coming days will go to Kuwait to discuss the outstanding issues between the two countries. On the issue of stateless-Amiri said that this issue will be one of the issues to be discussed by the delegation with the Kuwaiti side. She noted that if Amiri Hola proved that Iraqis are entitled to return Iraq.
To that quoted the Kuwaiti Al-Watan sources informed that around 40 thousand of Iraqi origin, had concealed their documents deliberately referring to Astmraraltaon between the two neighbors to reveal the nationalities of those stateless real sources added that Kuwait was discussed with the Heads government Nuri al-Maliki, during his recent visit to Kuwait last month, the issue of stateless, The Iraqi side expressed its interactive and willing to check the names of people who claim that they are without, while doubts that Iraqi assets.
The sources said that this cooperation between the two countries make some bedoun Evtallon recent events in Kuwait to confusion and exploitation conditions of the region to form a pressure on Kuwait, hoping to carry on the naturalization at random. On the other hand demanded Member of Parliament for the National Alliance Mona Amiri government and the House of Representatives passage of legislation and laws scientific and practical for the recovery of movable and immovable property of the people who Sdort their money by the former regime «. said Amiri told a news conference held inside the Palais des Congrès, the» extent of the injustice produced by the former regime against the Iraqi people during his reign, which did not distinguish which of his sons Vtaddt forms and degrees have grown and expanded spaces, property disputes the claim by reducing the routine her in transactions made by the families were forcibly displaced during the former regime, so as to be able to bring justice to those to justice for the oppressed sons of this people».
http://www.almowatennews.com/news_view_17547.html
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Iraq signed 3 agreements with the United Nations
Iraq has signed agreements with three of the specialized agencies of the United Nations under the program continues to work for the next four years until 2014.
The chief advisers Thamer Ghadhban held that the agreements with the United Nations Children's Fund UNICEF and the United Nations Development Programme and its population.
He angered that these agreements aim to develop the efficiency of the state and its institutions to contribute to building a modern state.
Confirmed the Resident Coordinator of the United Nations Christine McNab importance of conventions in the fight against poverty, who suffer from a wide spectrum of Iraqi society
http://radionawa.com/Ar/NewsDetailN....509&LinkID=155
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International private bank transactions in Dahuk
Opened in the Governorate of Dohuk on a private bank to activate international transactions of foreign companies.
The Undersecretary of the Ministry of Finance and Economy in the Kurdistan Regional Government Rashid Taher statement carried by news agency «Nina» News: «that the bank is equipped with all the technology in the banking industry, has created took two years, as Chairman of a special foreign companies».
Opened in the Governorate of Dohuk on a private bank to activate international transactions of foreign companies., "Said Undersecretary of the Ministry of Finance and Economy in the Kurdistan Regional Government Rashid Taher, a press statement carried by the agency« Nina »News:« that the bank is equipped with all the technology in the banking industry, took established for two years, as Chairman of a special foreign companies ».
http://www.alsabaah.com/ArticleShow.aspx?ID=4294