Oil price plunge hits dollar

NEWS.com.au11 hours ago

THE Australian dollar has extended losses against its US counterpart, despite the greenback's underperformance, as the price of oil falls another two per cent.

US dollar index retreats from one-month high, sterling risesTHE BUSINESS TIMES
The Australian dollar is under the pump, especially against the crossesBusiness Insider Australia

Oil price plunge hits dollar

NEWS.com.au11 hours ago

THE Australian dollar has extended losses against its US counterpart, despite the greenback's underperformance, as the price of oil falls another two per cent.

US dollar index retreats from one-month high, sterling risesTHE BUSINESS TIMES
The Australian dollar is under the pump, especially against the crossesBusiness Insider Australia

Iraq plans to join the Asian Bank to invest in infrastructure
06/21/2017

Foreign Ministry announced on Wednesday that Iraq plans to join the Asian Bank to invest in infrastructure, noting that the bank’s president expressed his welcome to this trend.

The ministry said in a statement, received "Economy News", a copy of it, "The Ambassador of the Republic of Iraq to South Korea, Wadih Betty Hanna participated in the second annual meeting of the Bank’s Asian Investment in infrastructure (AIIB), which was held in the Korean city of Jeju."

She added that "Iraq has participated as an observer at the meeting, which was opened by Korean President (J-moon said) and was attended by hundreds of official figures and representatives of the financial and banking institutions, civil society organizations and companies concerned."

She noted that "the ambassador met on the sidelines of the meeting, the President of the Bank (Jin Lee Cheon), stressing Iraq’s desire to join the Bank after the completion of formalities so", while across the Bank president welcomed the move.

http://economy-news.net/content.php?id=8029

Ruling unconstitutional paragraphs of instructions financial disclosure

21/06/2017

Issued the Federal Supreme Court Wednesday ruled unconstitutional two paragraphs of instructions financial disclosure No. (2) for the year 2017, indicating that their presence is contrary to articles (47) and (80 / III) of the Constitution.

According to a statement issued by the Information Office of the Federal Supreme Court got "direction Press" a copy of it, "the court held its on 20/06/2017 and considered the case of appeal in parts of the financial disclosure instructions issued by the defendant’s Prime Minister, in addition to his job according to the his powers stipulated in Article (80 / III) of the Constitution.

"The statement added that "the first paragraph is (11 / I) of the instructions, which ruled to suspend the exchange employee’s salary and emoluments which did not provide for disclosure of financial discharged within the period stipulated in the article.

"He continued, "The other paragraph is contested by (12 / IV) has committed the Integrity Commission to move a criminal case against the taxpayer to disclose financial discharged when the case hit check his interests and those mentioned in the article mentioned members of his family.

"The statement said that "the court found that the texts constitute a violation of the provisions of Article 47 of the Constitution, which stipulates the principle of separation of the three powers that make up the Iraqi state, namely the legislative, executive and judicial.

"He pointed out that "revenue texts in the instructions issued to facilitate the implementation of the Integrity Commission Law No. (30) for the year 2011 form of skipping the goals of the issuance Altalmyat, so that the Integrity Commission Act did not want the text authorizes the Integrity Commission to suspend disbursement employee’s salary and emoluments in the event of failure to provide detection discharged form financial, which is a form of reserve salary.

"He added the statement that "the Integrity Commission Act and any of the penal laws, no provision is the criminalization of the case of a conflict of interest to the taxpayer when submitting disclosure of financial his trust so that the right to the Integrity Commission to move file a criminal case against him," noting that "can not be measured act on other acts of her crime Penal Code It may be similar to the situation of conflict of interest.

"The statement pointed out that "measurement in the penal field is contrary to the constitutional principle of no crime and no punishment except by law.

"He stated that "the two texts constitute the subject of the appeal in addition to the material integrity law, and added that when there is a need for it can be handled by the House of Representatives to legislate its powers as provided for in Article (61 / I) of the Constitution.

"The statement said that "the revenue of these texts in the instructions give it for its role decree in Article (80 / III), the fact that the task Altamilit revealing and interpreted and directed how to apply the law instructions issued to facilitate the implementation and not facility texts added to the law theme."

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