Thread: Iraq/Dinar News up until March 28th 8PM CT.

Seminars for cadres of the Iraqi bank
Source : statement UAE-25 / 03 / 2007

The Center for Banking Studies of the Ministry of Finance of Iraq symposia comprehensive training for cadres of the Iraqi banking system in order to raise the level of technical and professional performance.

According to a statement of the Center yesterday : <that included seminars explaining the instructions of foreign transfers and sessions to explain the law and instructions to control banking, in addition to courses in bank credit and current account>.

He added :> other sessions were held earlier in the English language, and detect money laundering and counterfeiting of foreign currency and lessons in the banking and financial sciences>.
BANK TELLERS ARE READY TO GO

المةThe increased activity of banks and joint stock companies



برسBaghdad-file Press

كان من. it is expected to increase the activity of banks and private equity firms in light of the appropriate climate, which has gradually evolve to support investment trends and stimulate the economy and provide some support to the private sector, Gulf Bank has issued a statement on its financial position and results of its work for 2006, achieving profits of notebook one billion and 637 million dinars before tax deductions and reserves and allocations, noted that the bank's capital is 22 billion dinars, called on the City Games Karkh tourist its shareholders to attend the annual meeting on April 16 at the company to discuss the agenda of the aims of the developments.

و . and on the other side started the Iraqi company for the production and marketing of agricultural products distribution of the profits in 2005, up by 25%, called Hotel Babylon its shareholders to attend the extraordinary meeting on April 8 next for the purpose of discussing capital increase, in accordance with article 55 / II (capitalization), as called for the transfer of petroleum products company shareholders to attend the meeting annual on April 3 to discuss several issues relating to the functioning of the company and future developments
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Originally Posted by shotgunsusie

discussing capital increases. i like that.

I'd like it better if they stopped discussing them...lol

Riyadh-3-25 (KUNA) -- Minister of Finance said the Iraqi statement Jabr strike here today that the economic policy of the regime in the country prevented the exploitation of Arab investors promising investment opportunities in Iraq.

.The strike in a statement to reporters following his participation in the work of the Economic and Social Council of the League of Arab States for the preparation of the agenda of the coming Arab summit that the remnants of the ousted regime Kaltamim policy and other socialist laws is not to encourage investment in Iraq.

وقلل .The Iraqi minister played down the impact of this connection, the security situation in this regard, pointing out that about 20% of the area of Iraq is unstable security, but the remaining 80% ripe and ready for investment.
دةHe called on everybody to invest in Iraq and the exploitation and study investment opportunities in pointing out that Iraq has the opportunities and possibilities promising

marsadiraq.com

Is this a new thing? or have they been doing this for a while?


Rasheed Bank
The Bank practices all banking activities:

1-Accepting all kinds of deposits:

___________________________

a. Current Accounts:

The Bank is ready to receive institutions, companies ,

bureaus and individuals willing to open ID and USD current

accounts at its branches allover Iraq, providing service in

adequate and easy terms and facilitating implementation

of operating procedures of those accounts through

exchanging checks to be cashed between those parties and

The Bank.Besides,the Bank practices clearing services and

certifying checks.

Translated version of http://www.uruklink.net/

Originally Posted by DinarDevildog

Al-carries the responsibility of the Minister of Finance delay in the application of the new retirement law - PENSION LAW WILL APPLY STARTING WITH APRIL!!


بغداد - الصباحBaghdad-Sabah
حمل النائب محسن السعدون عن التحالف الكردستاني وزير المالية باقر جبر الزبيدي مسؤولية تأخير البدء بتطبيق قانون التقاعد الجديد.MP Mohsen al-Sadoun of the Kurdistan Alliance and Finance Minister Baqer Jabr Al-Zubaydi responsibility delay introduction of the new retirement law. وقال السعدون في تصريح صحفي امس السبت: ان مجلس النواب صادق على القانون قبل اكثر من سنة ونصف السنةAl-Sadoun said in a press statement yesterday, Saturday, the House of Representatives : that ratified the law more than a year and a half


وصادقت عليه رئاسة الجمهورية، كما وتم نشره في الجريدة الرسمية ايضا., And endorsed by the Presidency of the Republic, was also published in the official gazette also. واضاف السعدون:"ان وزارة المالية لاتزال غير جادة بتطبيق القانون "مطالبا"وزير المالية ووزارته التسريع بتطبيق القانون وبالاخص بعد المصادقة على ميزانية العام2007 . واشار الى:"ان شريحة المتقاعدين مهمة ويجب الاهتمام بها كونها تمثل أكثر من مليوني عراقي ". واوضح السعدون:"ان قانون الموظفين سيبدأ تطبيقه اعتبارا من الشهر الجاري ". وتابع:"ان اللجنة القانونية في مجلس النواب بصدد الانتهاء من مشروع قانون تصفية وتكرير النفط الخام بالاضافة الى بعض القوانين والتشريعات المنصوص عليها في الدستور". وبين السعدون:"ان هناك خطة لتوزيع القوانين البالغ عددها 55 قانونا يراد تشريعها ضمن الدستور على اللجان في مجلس النواب وحسب اختصاص كل لجنةHe added : Sadoon "that the Ministry of Finance is still not serious application of the law" and urged "the Minister of Finance and the EU to accelerate the application of the law, especially after the ratification of the budget year 2007. He pointed out : "The important segment of retirees and attention must represent more than two million Iraqi." Sadoon explained : "The law of the staff will put into effect as of this month." He continued : "The Committee legal in the House of Representatives is about to complete the draft law on the liquidation of refining crude oil in addition to some laws and legislation enshrined in the Constitution. " and between al-Sadoun : "There is a plan for the distribution of the laws of the 55 legally be within its Constitution committees in the House of Representatives, and according to the jurisdiction of each committee

as susie has told us the pension law is the key to an r/v and as i have said it will take place end of this month /quote{the law of the staff will put into effect as of this month}end quote!!!

Originally Posted by Lunar

I'd like it better if they stopped discussing them...lol

Originally Posted by duck2000

as susie has told us the pension law is the key to an r/v and as i have said it will take place end of this month /quote{the law of the staff will put into effect as of this month}end quote!!!

so duck my opinion i gather from your opinion here is that your still ago as you and your secret sources say that we will have our rv by the end of march? you have said this in the past. Are we still ago or have things been delayed?

Originally Posted by dinartank

so duck my opinion i gather from your opinion here is that your still ago as you and your secret sources say that we will have our rv by the end of march? you have said this in the past. Are we still ago or have things been delayed?

I guess only 6 more days to find out if this one pans out

Economic : single budget
25.03.07
Hassan Rubaie

Examinations of the resources of the State budget for the current year 2007 to find that it had adopted a basis on oil imports accounting for the vast majority of revenues and by up to more than 90% feel that the excuse for the authors of the budget at the present time they did not find them in this section not only the resources for agricultural products and industrial exports and Amward tourism and the rules and concepts of development and foreign investment, or any other resources

But, we can not feel any excuses future if Maelmena that Iraq is on the verge of new transformations and economic concepts of a market economy and accession to the World Trade Organization, which would require the opening of its wide acceptance and the entry of goods from all different parts of the world without the existence of a right of objection.

This requires the establishment of the steps are unable to compete in the minimum and would not be master of its economy and its rules shaken and will not be able to withstand those changes, that the seriousness of this matter requires to think concerned economists and politicians reflect the need to create basic industrial structures and agricultural scientific shifts begin on the basic steps manufacturing industries also as heavy industries and activating the upswing in agricultural production for the steadfastness of the goods coming in, which would flood the market and the disruption of production and the loss of its ability to compete simple.

We should not overlook the results of foreign investments if they are successful it as Matkon factor for the economic development is a process of absorbing its monetary and material that must always seek to renew funding sources and budget estimate future of the oil resources are depleted.

Therefore, the process of anticipating and time to seriously develop rules and plans to save face, the Iraqi economy and getting out of the bottleneck and vulnerability facing the lives of subsequent generations and future.

Also, the process of activating a broad revival of industrial and agricultural capable of investing tremendous human resources owned by Iraq, and thus can achieve two goals that one and two away from unilateralism in the economy and achieve a decent living for the people performing components that must be saved.

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