Parliamentary energy: the budget of 2018 heavily indebted and free of appointments and investment projects

12/16/2017



A member of the Committee on oil and energy parliamentary Adnan al-Janabi, Saturday, that the draft federal budget for the year 2018 was burdened with debt and free of appointments and investment projects and a clear lack of provision for the rights of the poor.

Al-Janabi said in a press statement today (December 16, 2017) that "all the figures in the budget of 2018 came disjointed and inaccurate in the offer, and there is a lack of provision of the rights of displaced people and the poor from the budget," according to the agency Nina.

He added that "the budget allocated to the security and defense sector 23 trillion dinars, and 7 trillion dinars for the electricity sector, and 3 trillion dinars for ration card, and a trillion dinars for social welfare."

"The budget is almost austerity budget free of appointments and investment projects, and its backbone is based on external loans from the World Bank and the IMF, which makes them burdened with debt."

It is worth mentioning that the House of Representatives ended its consultative session, which was held during the legislative holidays earlier this month to discuss the federal budget 2018, while the Presidency decided to refer the draft budget to the parliamentary financial committee to prepare a final version and presented in another extraordinary session.

http://www.iraaqi.com/news.php?id=33…1#.WjU3Z1WnGUk

Abadi: The world owes Iraq its sacrifices and suffering and its fight against terrorism
12/14/2017

He called for creating a good environment for the citizen
Baghdad / Follow-up morning

Prime Minister Haidar al-Abadi said Iraq’s move towards reconstruction and concern for the environment, which was neglected because of the wars, pointing out that the main reasons for the entry of terrorism into Iraq is corruption, while stressing that the Peshmerga is part of our armed forces, pointed out that the great Iraqi successes call for the international community To stand with Iraq, calling for work on sustainable development and human and create a good environment for the citizen.


"Iraq has cleared its territory of terrorists and moved towards reconstruction and concern for the environment that has been neglected for decades by wars," Abadi said on the sidelines of
the Paris Climate Conference, just before his visit to the capital and his return to Baghdad.

"The world owes Iraq its sacrifices. Suffering and the fight against terrorism. "
Abadi added that «great Iraqi successes call on the international community to stand with Iraq», pointing out that «there is an international trend to support Iraq,

and we benefit from the atmosphere of international meetings to create an environment conducive to investment and to support the economy and reconstruction of Iraq, and initiatives to support Iraq has now begun».


"The fight against corruption is part of the reconstruction and stability. If there is corruption, there can be no reconstruction and stability in the country," he said. "One of the reasons for the entry of terrorism into Iraq is corruption and fighting it is an essential and vital part."

"The Peshmerga is part of our forces, and we have lived like all the fighters. We fought alongside the Iraqi army and the rest of our forces in the liberation of Mosul.

There are those who wanted to differentiate between the Peshmerga and the Iraqi army through the referendum and the army. Iraq should cooperate with it ».

"What was put forward at the Paris climate conference is that Iraq can be a shining picture of the countries that have been exposed to terrorism and how they have risen again, and terrorism is looking for other places, but it will not work as long as we are cooperating," Abadi said.

"We do not want the world to give up on us after we have accomplished our task of eradicating terrorism and liberating our territories and keeping Iraq united," he said, noting that "he is calling for a very serious terrorist organization and we should be careful about how to root out its roots not only militarily but intellectually. Its goals and its ability to recruit young people ».

"Iraq is a success story in eradicating terrorism, and we must preserve this achievement and preserve the unity of Iraq," he said. "Iraqis are equal in rights and duties regardless of religion or nationality. This message is important and we have established it in Iraq."

"Today, Iraq has changed, and the world is coming to him. We have identified the assistance of the international community to us when we fought and supported a group of nations. We did not expand it and did not fight on Iraqi soil other than the Iraqis," he said.

"We do not want the world to donate billions of dollars to us. We are realists and we need basic things," he said. "Iraq must remain a center of attention for its successful experiment. We must preserve this status. Iraqis are capable of renaissance."

The Prime Minister, before the end of his visit to the French capital presiding over Iraq’s delegation to the climate summit, the Secretary-General of the United Nations, Antonio Guterres, who stressed the stand of the international organization with Iraq in the reconstruction and stability.

"Guterres congratulated Abadi on the great victory the Iraqis have achieved on a preacher," he said, adding that he "looks forward to Iraq being a successful example among nations."

"The two sides discussed during the meeting cooperation in the trial of terrorists and those who supported them, and fight their deviant ideas," the statement added.

Upon his return to Baghdad, the Prime Minister chaired the third session of the Supreme Council for Population in the presence of a number of ministers concerned.

"We are in a new phase after the completion of a military call, and we have to give hope to the citizen by advancing the work and making the priorities that he needs, and not only by numerical statistics, but by working on sustainable and human development and creating a good environment," Abadi said.

Of the citizen ».
The statement also referred to the government’s priorities in returning the displaced and informing them that their return to their homes and towns is better than staying in the camps.
"Abadi also listened to the ministers’ remarks and briefed on the national document on population policies prepared by the supervisory committee to draw up a promising population policy in Iraq over the coming years."

http://www.alsabaah.iq/ArticleShow.aspx?ID=149272

A top Kurdistan Regional Government delegation, headed by Prime Minister Nechirvan Barzani held an extensive meeting with the Kurdistan Parliament Deputy Speaker Jaafar Ebrahim Eminky and heads of Parliamentary Committees of Natural Resources, Industry, Energy, Financial and Legal Affairs.

The KRG delegation included Deputy Prime Minister Qubad Talabani and a number of senior officials.

In the meeting both sides discussed a number of pressing issues related to the current situation in the Kurdistan Region. They shed light on budget options for the 2018 fiscal year, relations with Baghdad, Kurdistan oil production, mechanisms to pay back debts, fighting corruption, transparency, reforms and efforts to protect the constitutional rights of the Kurdistan Region.

The KRG and Parliament officials stressed on the importance of continued cooperation and coordination between the Kurdistan Government and Parliament and agreed that priority should be given to securing the salaries of the public sector employees, conducting reforms and auditing in the payroll systems of the Region.

Both sides also agreed that relevant Kurdistan Parliament committees visit their federal counterparts in Baghdad to lobby against passing the draft 2018 federal budget bill that significantly reduced Kurdistan Region’s share of the federal budget.

(Source: KRG)

Iraq is a safe passage for the world

12/13/2017

Back point link between Asia, Europe and Africa
Baghdad / Hussein Tgb
Farah pumice ,
following the economic victories , which represents the product of the victory of Iraq "Daesh" terrorist and carrying Bmahsaltha great benefit of the national economy for its contribution to the multiplicity of fiscal revenue, which represents the opening Iraqi airspace in front of the global air traffic new economic success , The Sons of Iraq line by their victory in the war against the forces of darkness.

The passage of planes Associate Director of Iraqi Airways Sadeq Faleh Ghadhban said: "Iraq is moving towards the stability of the security aspect in full, which in turn leads to bring benefit to the national economy in all sectors, especially the Iraqi airspace, which has become safe before the international air traffic,"

pointing out that " The return of Iraqi airspace to life and the passage of the aircraft of major international companies through our airspace is making significant financial gains contribute to the country’s many revenues already. "

He said in an interview for "morning" that "Iraq will receive the amount of $ 325 for each aircraft passing Iraqi airspace, and the activation of the movement of aviation raises the amounts obtained from this process," adding that "the geographical location of Iraq on the map of the world makes it the most suitable for air traffic between poles The eastern and western world,

where it shortens the time and reduces the cost of fuel in the case of adopting alternative routes to Iraqi airspace, which makes many international companies mean the Iraqi atmosphere.

Achieving revenue and expected angry that "aircraft passing through Iraqi airspace through the atmosphere over the next periods movement rises, this means that Iraq is on the verge of achieving significant financial revenue with the rise in the graph of the number of aircraft that mean Iraqi airspace."

The US Aviation Administration and its associated companies have revealed the return of the Iraqi airspace after the announcement of the victory on the "duel", as the US Aviation Administration and its associated companies re-fly in Iraqi airspace after the announcement of victory.

Aviation Department has confirmed the expert in civil aviation and air transport Abdul Karim Leftah the importance of announcing the US Aviation Administration and its associated companies to resume flights in Iraqi airspace after the announcement of victory. The expert said in a statement to "morning" that "this step will enter the funds to the state treasury, such as transit and flying over the Iraqi airspace.

" The expert noted that "this step will push other companies to take similar steps," and expected that "Iraq in the coming years will be an important transit point in the region compete with other countries, in addition to attracting investors."

Civil aircraft
Transport Minister Kazem Vanjam Al-Hamami announced last Sunday that "the American Aviation Administration and its associated companies will resume the flight of US civil aircraft over Iraqi airspace after the final victory over criminal gangs is announced."

"The US Federal Aviation Administration (FAA) reduced the warning to 26,000 feet after the announcement of victory and the end of military operations in Iraq," al-Hamami said, adding that "the reduction of the warning will allow US aircraft, US-registered aircraft and other airlines associated with it to fly back Iraqi airspace again,

"noting that" the announcement by the US Aviation Administration to resume flights over the Iraqi airspace will be an incentive for countries of the world and the region to follow suit, especially that the Iraqi airspace open to international airlines. "

"Airports are paying more attention to infrastructure, especially as Iraq is coming back to the forefront as a point of contact between Asia, Europe and Africa," he said.

The number of flights and continued gesture that "re-flight will contribute to the introduction of good amounts to the treasury of the state, especially since the recent period has seen an increase in the number of flights flying over the Iraqi airspace, reaching more than 150 aircraft."

It is noteworthy that parliamentary committees have confirmed that "the increase in the number of flights that cross over Iraq is a sign of Iraq’s openness to the world again."

"This also shows that security concerns have been relieved by the sacrifices of the Iraqi forces," she said in a press statement, praising "the efforts to re-run civil aircraft routes and ensure their smooth and safe movement."

"This development will encourage more commercial air carriers to choose Iraq as a safe passage for civil aviation, especially as it enjoys a geographical location characteristic of the transition between countries of the East and West," they said.

http://www.alsabaah.iq/ArticleShow.aspx?ID=149145

Hilali: Refund of frozen funds provides international investment in Iraq

12/13/2017

A member of the parliamentary legal committee Ibtisam al-Hilali on Wednesday, "lifting Iraq from Chapter VII and the recovery of frozen funds abroad is an important step for large international investment in the country.

"Al-Hilali said in a press statement that "after this important international decision on the concerned government agencies to move quickly to start recovering money and Iraqi assets frozen in the banks and international banks.

"She added that "this important decision and the subsequent important government steps will enhance the confidence of the international community in Iraq’s economic policy in particular, which opens the way for an international entry to invest in the country.

"The UN Security Council last Friday decided to exit Iraq from Chapter VII on Friday by adopting resolution 2390/2017 unanimously.

The UN Security Council put Iraq under the weight of Chapter VII in the framework of UN sanctions imposed after the invasion of Kuwait in 1990.

http://aletejahtv.org/permalink/196195.html

Parliamentary Finance: Iraq loses $ 263 per second

12/13/2017

A member of the parliamentary finance committee, Haitham al-Jubouri, said Wednesday that "Iraq loses 263 dollars per second because of corruption in the country," explaining that "the parties interfere in the work of anti-corruption committees.

"Jubouri said in a statement, "Trend Press," that since the application of the law on customs tariffs in Iraq by 2013 so far was expected to be the state revenues estimated at 8 to 9 billion dollars a year, because the size of what is sold from the window of the currency in the Central Bank Iraq is more than 40 billion dollars,

if we take the lowest percentage of customs and 10% added to the ratio of 3% of the customs duty is the total 13% of this amount will be the value of customs 5.2 billion dollars.

He added that "Iraq is losing 263 dollars per second because of the corruption of customs officials," noting that "the large and rampant corruption is located at the border crossings.

"He pointed out that "we in parliament formed a committee, but because of the interference of political parties in its work has been terminated.

"He explained that "the only step to combat corruption is to strengthen the main regulatory tools, namely the Integrity Commission and the Bureau of Financial Supervision and the security services and reform of the judiciary because there are many problems in the judiciary where some files are transferred to the judiciary, but because of corruption, these files are settled by some corrupt" .

He pointed out that "can not combat corruption by raising slogans and the House of Representatives to leave the courtesies that are at the expense of the Iraqi citizen.

"The House intends to complete the questioning of ministers as former finance minister and former defense minister in the past period, while confirming his quest to complete the questioning of new ministers in the next legislative session.

http://aletejahtv.org/permalink/196162.html

Stability Council: 30 global banks pose a potential threat to the international financial system
12/12/2017

The Global Financial Stability Board has issued a new list of 30 international banks that are required to increase their own capital, because the size of these banks is so great that they pose a threat to the international financial system if they falter. "

The board put forward the new list on Tuesday, saying that the 3.5 per cent is empty, with no bank required for that additional capital ratio. In the second, JPMorgan is the only one in need of 2.5 per cent, Capitalized by 2 per cent; Bank of America, Citigroup, Deutsche Bank and HSBC.

"Eight banks are required to raise their own capital by 1.5 percent, Bank of China, Barclays, BNP Paribas, China Construction Bank, Goldman Sachs, Industrial and Commercial Bank of China, Mitsubishi UFJ Bank of Japan, .

China’s Agricultural Bank, New York Mellon Bank, Swiss Credit Suisse, Crédit Agricole France, ING Dutch, Mizuho Japan, Morgan Stanley, Royal Bank of Scotland, Santander, Société Générale, Standard Chartered Bank, State Street, Sumitomo Misui, UBS, and Italian Credit Bank.

The G20, which was established in 2009, amends this list annually in accordance with the developments of the banks in terms of their capital and risk-weighted assets.

These banks are required to raise additional capital above the minimum required according to several criteria; The Basel Committee "and that additional ratio is divided into segments ranging from one to 3.5 per cent."

http://www.knoozmedia.com/289764/%D9…%D9%84-%D8%AE/

Parliamentary integrity calls for follow-up of the Iraqi funds abroad


12/12/2017

Warned that the most important obstacles facing the work of different laws of the States of
Baghdad / morning
The Committee on Parliamentary Integrity called on Monday to follow-up the Iraqi funds and assets frozen because of the entry of Iraq in the seventh item, stressing that the obstacles facing the government committee charged with recovering the money smuggled is the difference of laws between countries.


A member of the Integrity Committee, Alia Nassif, in a statement to the media office, received by "morning", that "under the decision to exit Iraq from the seventh item, the release of Iraqi funds and assets frozen since the time of the former regime Almkbor,"

indicating that "these funds can be used In the current situation in several areas, the most important of which is the appointment of graduates and job opportunities for the unemployed because of the lack of appointments during the
past two years. "

"These funds can be used to fill the deficit in the financial budget, or to repay the debts we have committed to the World Bank and to remove the restrictions and
conditions imposed on us under these debts," the deputy said, stressing that "this file should be pursued by the Prime Minister and the Ministry of Foreign Affairs and Release, and use of these funds to overcome our financial crisis

. "
MP Haidar al-Fawadi said in a press statement that "the obstacles facing the government committee responsible for recovering smuggled money is the difference of laws between countries."

Al-Fawadi stressed that "Iraq needs to unify the laws in some countries to be able to prosecute theft and the recovery of smuggled money."

Al-Fawadi called on "the Prime Minister to instruct the Foreign Ministry to immediately move on the countries where the Iraqi funds are smuggled."

http://www.alsabaah.iq/ArticleShow.aspx?ID=149104

Parliamentary Legal Committee: Stop the salaries of a number of ministers and officials

12/11/2017

The government will stop the salaries of a number of ministers and parliamentarians and directors-general, including the Kurds, all of them from previous sessions in the government and parliament

"The retirement law has a set of basic conditions and two basic conditions – age and service. Those whose salaries are stopped are under the age of 50 and have not served for 15 years, so they are not retired and will not pay their salaries," he said.

http://www.ikhnews.com/index.php?page=article&id=162906

Central Bank: Everyone in front of the responsibilities of construction and reconstruction
12/10/2017

At his third annual conference in Baghdad
Baghdad / morning work team

The Central Bank of Iraq held its third annual conference in Baghdad under the slogan "Towards achieving sustainable financial and economic stability" with a view to putting the Iraqi banking system on the path of prosperity and development.

2017. The
speech of the President of the Republic was read on behalf of the President and focused on strengthening the financial sector and monetary policy.

Prospects for prosperity and development are strong, especially after the victory over the terrorist "calling", in light of the development trends and the future of the Iraqi economy.

The role of the central bank and its efficiency and the importance of its relations to promote economic interests in conjunction with the international desire for this, and the role of partnership with international institutions and address the problems and obstacles in front of it, and adopted a strategy of cooperation contribute to economic development.

Achieve evolution
Governor of the Central Bank d. Ali Alaq said: "The conference is a moment that places everyone in front of the responsibilities of construction and reconstruction and the creation of a sound economy, and the need to aspire to a national administration that reflects the government’s ability to manage the country efficiently through the ability to form a rational institution to achieve sustainable development and the rule of law and achieve public stability. Peace and development, and to adopt the principle of equal opportunity rather than opportunities and the application of
electronic governance.

" Wealth Management
The second pillar of the national administration requires macroeconomic management in light of the trend that drives the real sectors and is based on this by activating the role of the private sector.

The last pillar is the financial policy which is the engine to manage wealth and face financial risks. At a time when the Ministry of Finance has achieved important measures in financial reform "The proposal is to reduce the gap by 2.5 percent annually.

Over the next 30 years, the gap will be 15 percent as well as activating economic sectors and reducing reliance on
one financial resource, " he said.
Al-Alaq reviewed a number of achievements that accompanied his work during the last three years and focused the central bank’s strategy on capacity building and allocations for the purpose of developing specialized banks and private banks and maintaining a globally acceptable cash reserve.

Development options
The Minister of Labor and Economic Affairs said in his speech: "We look forward to the recommendations of the conference that move the reality of the economy and society in our goals to build a state of social justice. We also look forward to opening new development options and enhancing financial and monetary policies and maximizing the capacity of investment supporting the market. the work".

"The industrial sector is a demand and a main objective of our work, opening up the private sector to build industrial infrastructure, reduce imports and impact on
domestic production ," he said. The head of the Finance Committee Mohamed Tamim noted that "under the development trends, we recognize the important role of the Central Bank in monetary policy and the organization of the work of banks and all functions, and formed the independence of the central step important to achieve the objectives of monetary policy to ensure not to deviate from its objectives and maintain the reserves of the country.

He stressed "the importance of working to diversify domestic production through the issuance of legislation that will diversify the economy and give a greater role to the banking sector to contribute to development."

Chairman of the Committee on Economy and Investment Representative Ahmed Kanani, said that "the conference carries great significance as we live victories and prepare for the construction and growth and look for a greater role of monetary policy."

He pointed out that "the presence of experts at the conference is important for the exchange of experiences and what counts for the center that the conference was organized in Baghdad after it was organized outside the country.

" Achieve development
"The conference comes at an ideal time after Iraq clears the dust of terrorism and it is looking forward to the stage of real construction and reconstruction, which requires a banking sector to be the center of success in achieving development.

The conference came to be the banking system in one place discussing the requirements The need for future and view the march of the Central and the systems adopted by the extent of service provided to the public, and to see the future plans of the Center, which represents the sponsor and father of the banking system

He
warned that "the subject of financial inclusion, which advocated adoption years ago through the newspaper Sabah; today takes a lot of space Of the interest of the conference and this is a success for the banking system, where services reach all citizens.

Check the utility
Director-General of the South Islamic Bank d. Ahmed Zaki Younis Bin that "the conference under the great victories achieved by our army and our holy mobilization on the forces of darkness and the end of their existence can be described as important, because we are in front of a new stage of construction and reconstruction,"

pointing out that "the presence of this large number of experts money and economy leads to the establishment of sound rules For the national economy and starting from axes and fixed rules that benefit the national economy.

" A valuable opportunity The Executive Director of the Association of Iraqi banks, Ali Tariq pointed out that "developments in the private banking sector comes through the identification of weaknesses and work to address them, and the conference represents a valuable opportunity to discuss the mechanisms of modernizing the banking system and make it rise to the world in the delivery of advanced products Which harmonize and scale future work in Iraq. "

He pointed out that "the Association of Banks closely follows the banking process and has full plans to promote it through integrated training programs to create human capabilities with international efficiency, and more than 2000 employees have been trained during the current year from the public and private sectors, Has a new shape during the coming period and is able to activate economic activities and support the productive
and service sectors.

" Monetary policy
Director General of Payments, Dr. Abdul Karim Bent said: "The Central Bank of Iraq seeks in its work to be a role model for the rest of government institutions through its outstanding performance to contribute to the achievement of sustainable economic development and prosperity for citizens through its mission based on (modern administrative practices, Prudential, financial sector governance, adopting an efficient monetary policy) and building on the institutional values ​​of loyalty, creativity and innovation, teamwork, integrity, transparency, fairness and equality.

" Electronic collection
"Through this vision, the strategic plan for the next five years has been launched. Despite the keen interest of the Bank’s management in adopting and launching projects and initiatives at the specified time, the Central Bank has sought to have a reflection of this plan in the financial and banking sector, which is reflected in the development of services, And the strengthening of financial coverage in Iraq,

because of its direct link to fight corruption and speed in the completion of transactions and the development of the work of ministries and institutions all the transition to payment and electronic collection will ensure the transition to electronic government and facilitate procedures.

Efficient system
"The interest in the payment system has been a key factor in monetary policy and effective management of leading the shift to electronic payments and access to a society that helps control the provisions of the supervision and control tools through the establishment of an efficient and effective system based on international standards in this area and a legal framework ensures Equality,

transparency and justice for all participants and users of the systems through regulating the work of electronic payment services and supervising them and building effective partnerships with the private sector to serve the higher interest of economic development and infrastructure development of the
money system J ".

Cash Management
Stressed that the availability of payment systems in Iraq, the main benefits to banks and projects and people in Iraq, the most important information on the management of cash and maintain the confidentiality of information and reduce the risk of paperwork and transactions of high value and transactions of low value are processed quickly and safely and transparently,

as well as linking all banks And the Ministry of Finance directly at the Central Bank of Iraq and reduce reliance on cash and improve the investment environment in
Iraq.

http://www.alsabaah.iq/ArticleShow.aspx?ID=148995