By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

Tension is rising in the conflict between embattled Iraqi Prime Minister Haider al-Abadi and the Popular Mobilization Units (PMU), as the United States and Iran vie for influence in the new government that lawmakers are struggling to form in Baghdad.

Legislators are still arguing over which coalition of political parties holds the majority of parliament seats; the top group will select the new Cabinet. The United States would like to see Abadi appointed for a second term as prime minister, but he is strongly opposed by members of the Fatah Alliance, which includes pro-Iranian factions of the PMU.

Anti-Abadi sentiment is escalating, compounded by rioting in Basra — even as Abadi announced Sept. 13 he would immediately begin implementing development projects to help remedy the dire situation there. Basra, Iraq’s main port, is suffering from a lack of basic services. Tens of thousands of citizens have filled hospitals, sickened by drinking water that is heavily polluted and high in salinity. Abadi promised a new water-pumping system as well as filtration projects.

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The coalition continues to help forces in both Iraq and Syria establish security and stability in areas that have known nothing but oppression since the Islamic State of Iraq and Syria reared its head five years ago, the spokesman for Operation Inherent Resolve said on Tuesday.

Speaking to Pentagon reporters from Baghdad, Army Col. Sean Ryan noted that Iraqi forces are working together across the country to rid the nation of the last remnants of the terrorist group.

“The various security elements — to include the [Iraqi forces], the peshmerga, counterterrorism services and the federal police — are all working together to continue securing their country,” he said.

In Ninevah province, Iraqi forces continue to find and disarm improvised explosive devices and continue to root out ISIS holdouts. In the mountains of Kirkuk, the Iraqi federal police and the Kurdish peshmerga work together to secure remote villages.

Out west, in Anbar province, border security forces continue to prevent ISIS fighters from streaming into the country, the colonel said.

“For its part, the coalition is … enabling the [Iraqi] efforts to secure Iraq by advising strategic leaders, training thousands of Iraqi service members and divesting equipment they need to effectively secure their country,” he said.

Coalition members also continue to train Iraqi forces. Since the effort started in 2015, coalition forces have trained more than 175,000 Iraqis in basic soldier skills and specialized fields such as intelligence, law enforcement, medical support and aviation.

Syria

In Syria, the picture is more complex and dangerous. Ground operations for Phase 3 of Operation Roundup have begun, and Syrian partner forces continue clearance of the Middle Euphrates River Valley, Ryan said. “Hajin and the surrounding villages are the last remaining territory acquired by ISIS in the coalition’s area of responsibility, and the victory by the Syrian Democratic Forces there will mean that ISIS no longer holds territory,” he added.

ISIS fighters are trying desperately to hang onto the territory, and hard fighting lies ahead, the colonel told reporters. “Despite this, we are confident that the SDF will prevail,” he said.

In Tanf earlier this month, Marines conducted training to reinforce partner forces, he said. “The coalition has supported the SDF through air support, as well as training and equipment,” Ryan said. “Additionally, in liberated areas, the coalition trained internal security forces to maintain the peace and security in liberated cities, provide basic law enforcement support, as well as specialized services such as counter-[improvised explosive devices] and engineering.”

Ryan noted changes in Iraq as Army Lt. Gen. Paul J. LaCamera assumed command of Combined Joint Task Force Operation Inherent Resolve from Army Lt. Gen. Paul E. Funk II.

Ryan said the military stabilization efforts are going well, but are not enough. “Security creates the space for rebuilding,” he explained. “Residents only gain hope for the future when their children can go to school free from harm, women go buy basic necessities in local shops, and when they can go to their jobs that allow them to support their families. Ultimately, the military cannot fight its way to stability.”

The cost of reconstruction is high, with estimates of rebuilding Mosul — Iraq’s second-largest city — pegged at $100 billion. “We call on all nations to help those who have sacrificed tremendously fighting this global threat,” Ryan said.

(Source: US Dept of Defense)

The coalition continues to help forces in both Iraq and Syria establish security and stability in areas that have known nothing but oppression since the Islamic State of Iraq and Syria reared its head five years ago, the spokesman for Operation Inherent Resolve said on Tuesday.

Speaking to Pentagon reporters from Baghdad, Army Col. Sean Ryan noted that Iraqi forces are working together across the country to rid the nation of the last remnants of the terrorist group.

“The various security elements — to include the [Iraqi forces], the peshmerga, counterterrorism services and the federal police — are all working together to continue securing their country,” he said.

In Ninevah province, Iraqi forces continue to find and disarm improvised explosive devices and continue to root out ISIS holdouts. In the mountains of Kirkuk, the Iraqi federal police and the Kurdish peshmerga work together to secure remote villages.

Out west, in Anbar province, border security forces continue to prevent ISIS fighters from streaming into the country, the colonel said.

“For its part, the coalition is … enabling the [Iraqi] efforts to secure Iraq by advising strategic leaders, training thousands of Iraqi service members and divesting equipment they need to effectively secure their country,” he said.

Coalition members also continue to train Iraqi forces. Since the effort started in 2015, coalition forces have trained more than 175,000 Iraqis in basic soldier skills and specialized fields such as intelligence, law enforcement, medical support and aviation.

Syria

In Syria, the picture is more complex and dangerous. Ground operations for Phase 3 of Operation Roundup have begun, and Syrian partner forces continue clearance of the Middle Euphrates River Valley, Ryan said. “Hajin and the surrounding villages are the last remaining territory acquired by ISIS in the coalition’s area of responsibility, and the victory by the Syrian Democratic Forces there will mean that ISIS no longer holds territory,” he added.

ISIS fighters are trying desperately to hang onto the territory, and hard fighting lies ahead, the colonel told reporters. “Despite this, we are confident that the SDF will prevail,” he said.

In Tanf earlier this month, Marines conducted training to reinforce partner forces, he said. “The coalition has supported the SDF through air support, as well as training and equipment,” Ryan said. “Additionally, in liberated areas, the coalition trained internal security forces to maintain the peace and security in liberated cities, provide basic law enforcement support, as well as specialized services such as counter-[improvised explosive devices] and engineering.”

Ryan noted changes in Iraq as Army Lt. Gen. Paul J. LaCamera assumed command of Combined Joint Task Force Operation Inherent Resolve from Army Lt. Gen. Paul E. Funk II.

Ryan said the military stabilization efforts are going well, but are not enough. “Security creates the space for rebuilding,” he explained. “Residents only gain hope for the future when their children can go to school free from harm, women go buy basic necessities in local shops, and when they can go to their jobs that allow them to support their families. Ultimately, the military cannot fight its way to stability.”

The cost of reconstruction is high, with estimates of rebuilding Mosul — Iraq’s second-largest city — pegged at $100 billion. “We call on all nations to help those who have sacrificed tremendously fighting this global threat,” Ryan said.

(Source: US Dept of Defense)

Parliament forms its parliamentary committees and moves towards passing laws that are inoperative
9/18/2018

Most notably oil and gas and the Federal Court and Intelligence
Baghdad / Sabah / Muhannad Abdul Wahab
The House of Representatives is currently moving towards the distribution of parliamentary committees among its members, under the emphasis on the need to adopt competence and competence, away from the political quotas that were adopted during the previous sessions.

This trend, according to parliamentarians, would accelerate the issue of passing the laws of the stalled and closer to the views between the political blocs in order to upgrade the institutions of the state and society and the provision of services in all governorates.

The deputy Bader Zeidi, in a press statement: "There are discussions on the distribution of committees according to the criterion of competence and integrity and leave the distribution of committees behind the scenes," noting that "over the previous sessions were distributed committees according to political quotas and this session will leave this idea and be distributed in Public and not in secret. "


He added that "they will not allow the naming of any person to the presidency of any parliamentary committee unless it meets all the conditions that qualify him," pointing out that "the current session will begin to pass laws that have been stalled since
previous sessions ."

The head of parliament, Mohamed Halbousi, directed yesterday to form a joint parliamentary committee overseeing the distribution of members of the House of Representatives to the specialized committees.

Regarding the adoption of important legislation, MP Jawad Hamdan said in a statement to "Sabah" that "one of the most important laws that we are putting forward in the parliamentary sessions of the current session, which was not enacted for political reasons, the oil and gas law and the Federal Court and the Council of Union and Intelligence,

Some amendments to the laws in the framework of the plan that was developed recently, "revealing at the same time," the existence of a tendency to amend some paragraphs of the
Constitution. "

"There is a committee to negotiate work on the study of laws and then start discussions with the political blocs in order to mature special ideas to be ready for discussion within the House of Representatives and then vote on them."

MP Ahmed al-Kanani said that "the block of construction seeks to amend some important legislation, including Article 30 of the law on health and social security in addition to the laws that fight corruption."

He pointed out in a statement to "Sabah" that "the disruption of some laws was the mood of the heads of blocs, either in the current session will be the deputy greater role and freedom to vote on some important legislation, in light of past experiences of previous sessions."

Al-Kanani stressed the existence of insistence on overcoming all barriers in order to mature the important laws that are in the interest of the citizen, "pointing out at the same time that" the parliamentary committees began to form and will have a task, especially the
Legal Committee . "

For his part, MP Khalil Mawla said in a statement to" Morning ", that" we will not have any red lines on any law as long as it is in the interest of the people where there are legislation ready to vote from the last parliamentary session.

"He
believes that" one of the most prominent laws that we are passing is related to investment, "pointing out that it "

http://www.alsabaah.iq/ArticleShow.aspx?ID=163315

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Moreover, Cypriot passport holders can travel to major destinations without applying for visas. It allows instant visa free travel to over 170 countries including the UK, UAE, European Union countries, Canada, Australia among other major countries and often allows a stay from 30 up to 90 days at a time depending on each country.

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Unlike many of the fast track citizenship programs which require a non-refundable financial contribution to a Government fund, Cyprus offers its investors the possibility of earning a good return while obtaining the citizenship. The Cypriot citizenship law requires a temporary investment of EUR 2 million in a Real Estate investment in Cyprus which is required to be held for 3 years and thereafter can be sold while maintaining a property worth 500,000 EUROS. It is certain that not everyone can afford it, but for those who can, this is potentially on of the best investment they would have made in their lifetimes, leaving their families a great legacy.

The program has become so popular among HNWI citizenship applicants from all over the world especially Asia, Middle East and Russia, that the Cypriot Government has recently announced a cap of only 700 applications per annum to maintain its high standards. According to Cypriot news agencies, the Government of Cyprus has released reports of issuing passports for over 3,300 families bringing into the economy approximately USD 4.5 Billion. This has helped turning the Cypriot economy around becoming one of the fastest growing GDP’s in Europe. At the moment, Cyprus GDP levels are considerably higher than those of the Eurozone and the European Union according to a report released by the international firm KPMG.

The Cypriot citizenship by investment program is one of the many incentives established by the Government to attract foreign direct investment to the country. The first amendments to the citizenship law were introduced back in 2013. Since its inception, the program has undergone various improvements to make it more accessible and attractive for investors. In September 2016, the Government of Cyprus introduced an amendment which reduced the minimum investment amount to EUR 2 million (from EUR 2.5 million) and the option to add the parents of the main applicant for an additional EUR 500,000 plus VAT investment in a property in Cyprus.

According to official statistics from the Department of Land and Surveys, in 2017 Cyprus has recorded a 24% increase in real estate sales contracts, 30% of which accounted to non-nationals. Not surprisingly 31% of the real estate transactions in 2017 were properties valued at around 2 million EUROS, which indicates that a high number of investors are purchasing real estate as a mean to obtain the Cypriot citizenship.

The contribution of real estate to Cyprus’ GVA amounted to EUR 2,4 Billion in 2017. Construction activities from 2013 onwards indicate to have broken through the slowdown of the financial crisis, which has been clearly left way behind, and entered into an expansion period which until 2019 is set stretch to pre-2013 levels where Cyprus recorded all-time highs in real estate transactions.

From a taxation point of view Cypriot passports holders actually benefit. Non-tax residents are not liable for income tax generated outside the country. More importantly Cyprus does not impose inheritance tax on property, which gives the ability to pass it down to future generations without incurring costs.

So how does all this benefit investors? Cyprus has become one the of the most attractive real estate investments in Europe. This injection of billions of Euros in luxury real estate and infrastructure is turning the Cypriot landscape around. Limassol will soon have ‘One’ the tallest residential tower in Europe, Ayia Napa is undergoing the non-stop 24/7 construction of the most luxurious marina in the region with high end international restaurants and villas worth EUR 5 million with their own private berths. The whole country is having a radical facelift with modern contemporary architecture of glass and refined design are taking over. In the next 3 years, when allowed to re-sale, investors will be able to appreciate the growth of their investments as part of this radical transformation.

One can understand the excitement of savvy businessmen when considering buying property in Cyprus, after all they know that they are purchasing luxury real estate in a newly booming property market.

It is clear that Cyprus has not only become the ‘super star’ of citizenship programs but also earned a prime position amongst the most profitable real estate investments worldwide. Demand translates into growth which then translates into high profits. Whether applying for citizenship or not, Cyprus seems to be the place to invest in.

Governor of the Central Bank of the {morning}: cash reserve is approaching 60 billion dollars
9/17/2018

An initiative to rehabilitate Baghdad bridges in coordination with banks
Baghdad / Abbas Abboud and Ahmad Abed Rabbo
The governor of the Central Bank Ali al-Alaq that the size of reserves of hard currency up to 60 billion dollars, and covers 170 percent of the size of the mass of the local currency, while revealing the existence of a plan for the future restructuring of the Iraqi currency.

Al-Aalak said during a dialogue with him "morning", that the Central Bank will launch in coordination with the banks initiative to rehabilitate the bridges of Baghdad, similar to the Baghdad initiative launched to rehabilitate the public squares. Of things to be calculated for the central bank is the exchange rate stability, how is it? What are your future plans in this direction?

– The stability of the exchange rate is one of the macroeconomic features, and is an important indicator of the stability of the country economically, which makes it a key task of the Central Bank, as stated in the law, because it is directly linked to the purchasing power of citizens, This means that any disruption in the standard of living of the citizens may increase the challenges faced by the government, so we have worked hard to stabilize the exchange rate and reduce inflation rates. .


We have succeeded in overcoming a very complex and challenging phase, especially when the country’s oil revenues have fallen to 70 percent in some months, in light of the war against terrorist gangs by setting a set of balances that have made inflation no more than 2 percent.



Will the value of the Iraqi dinar remain the same or is there an intention to raise
it?
– The exchange rate in Iraq follows a monetary policy based on the fixed exchange rate of the dinar and this does not mean absolute stability, may come under some circumstances may increase or reduce it according to various economic data.


We are currently moving towards no change in the value of the dinar, as it is not right to make changes under completely unstable conditions, which may confuse the overall situation. Why are not there large quantities of small coins, and what is the reason for the absence of metal groups?

– We have small currencies in the appropriate quantities, but the frequent movement and circulation and use and lack of attention to lead to damage quickly, as the Central Bank of Iraq after 2004 to mint coins in large quantities but did not receive acceptance or popularity in the local market, which caused losses, Because the market has been accustomed to paper currency making it difficult to market the coin.

So the central bank recently put in place a plan to compensate for the existing small categories damaged, as next month will be large quantities of them will meet the needs of the market completely.

On the other hand, we receive a lot of damaged banknotes and replace them with new banknotes through an expanded committee that checks them to make sure they are correct. Our doors are open to citizens to receive any amounts of damaged currency. Where does the central bank print the local currency?

– We print in international companies
, possess enough capacity to print banknotes within the advanced security standards in France, England and Germany, the design is by the Central Bank, and the paper used in printing is very high specifications.

The Central Bank is trying to print non-counterfeit paper. We have succeeded in this. The counterfeit quantities are very few and negligible, and we have very advanced equipment in the electronic and electronic detection of counterfeit currency, called comprehensive machines, so we do not rely on human effort Just.

The central bank has recently offered the category of 50,000 dinars, is there an intention to put the category of 100 thousand? – These ideas are traded by the Central Bank, but at the present time, there is a tendency in some countries to reduce the categories of currencies so as not to be stored or counterfeited, and that the currencies of small groups, may lead the citizen to bid farewell to banks for the difficulty of storage.

But generally the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but that plan needs to deliberate steps, and a stable situation in order not to be exploited in the fraud and other.

How does the dollar sell in the central bank or what is known as the currency auction? – It is a common mistake now to talk about the currency auction in some media and social networking sites, while this auction has been suspended since 2006, but what is happening now is the process of financing the foreign trade of the dollar, covering the country’s needs for import in addition to the requirements of travel and treatment And the transfer of profits resulting from investments and others.


The government gets the dollar through the sale of oil and then replace the dollar with the Iraqi dinar from the central bank, because the balance of the state’s financial dinars, and then the central bank to withdraw the local currency from the market and replace them in dollars, to maintain
monetary stability .

The process of withdrawing the dinar by meeting the market need of the dollar represents a revaluation of the local currency, and this method does not represent the diligence of the Central Bank, as its law provides for the sale of foreign currency in a simple and unconditional manner, in addition to the existence of an agreement between Iraq and the IMF International approved by the House of Representatives in 2008 provides for this.


The situation in Iraq is different from other countries, because of the lack of diversity in the financial revenues of hard currency other than oil, as the Iraqi private sector is unable to support the local market in dollars through imports, which makes the market depends entirely on trade finance Through the
central bank .

How much is the central bank’s reserve of foreign currency and what is the size of the local currency’s currency?

– The size of the cash reserve of foreign currency is always measured to the size of the currency mass of the local currency in the market, in addition to other international standards, especially as the International Monetary Fund recently developed a new standard, which added the ability of the state to cover trade and debt repayment.

As for the Central Bank of Iraq, it has a reserve of foreign currency is very comfortable within international classifications and is ahead of other countries, compared to the mass of cash offered by the local currency, as the reserve is close to 60 billion dollars, compared to 43 trillion dinars, which means it covers 170 percent of the size The monetary bloc, especially as the Arab Monetary Fund considers Iraq to be a country that exaggerates the size of reserves of foreign currency.
Are there any bodies that monitor the reserves of foreign currency and can the central bank act in such funds?

– The supervision is subject to several levels, foremost of which is the Internal Control Department of the Central Bank, in addition to an audit committee composed of independent observers who report to the Board of Directors of the Bank.

The Committee also supervises the Internal Audit Department of the Central Bank. In addition, On the final accounts of the Central Bank, the data of this office are internationally accredited by the international financial institutions, not to mention the ongoing monitoring by the Office of Financial Supervision.

The Central Bank of Iraq is the most institution subject to the multiplicity of regulatory bodies, and can not be disposed of any amount except within the standards provided for in the law and adopted internationally, so the rumored lack of reserve or conversion are all false rumors.

What happened during the past years, from the decline in oil prices sharply, so did not stop the revenues in some months to fill the salaries of employees, made the Central Bank to two options, either the collapse of the situation or intervention to save, so the government issued treasury transfers worth 20 trillion dinars,

And we bought them from the market, which affected the size of the cash reserve at the time, but we maintained the balance by maintaining the reasonable level of this reserve in exchange for meeting the need for the budget and maintain the exchange rate and inflation rates, this achievement is recorded to the Central Bank and has become highly praised by international organizations. How do you evaluate your relationship to the country’s fiscal policy?

– There is a close relationship, but along the line fiscal policy negatively affects the monetary currency, because the first may take certain trends do not benefit the second, for example when he notes a decline in foreign exchange reserves draws criticism to the central bank, but in fact When the budget law recognizes a financial deficit and provides for the deficit to be met by treasury transfers,

it means that such remittances will be financed by the central bank. Is the number of private banks exaggerated, and how do you evaluate their work? – When I took responsibility, I found that the number of private banks and transfer and exchange companies outweigh the need of the market, as we did not grant any new license to open a commercial bank or leave a banking company, and we have canceled the financial transfer companies, with an intention to restructure banking companies, leading to control The biggest is there is a plan to merge some banks.


But granted us licenses to open a number of Islamic banks based on the facilities provided by its law as the Council of Representatives put a paragraph to help establish the reduction of capital required at the establishment.

There are currently 70 banks working in the country, 20 of which are branches of foreign banks, but most of them are newly formed, so did not reach the level of ambition, and these banks worked under exceptional circumstances experienced by the country. The initiatives of private banks to lend to citizens are very limited. Why?

– As you know, the main task of banks is to provide credit through the granting of loans and other services, in return, take the money of depositors and give them a percentage of interest, but Iraqi banks in general have great difficulty in the practice of this activity, when you grant a loan, often does not meet the borrower to pay on Despite the large guarantees taken by banks and the high interest rate, as borrowers could be up to 20 percent.

The problem is that when the bank starts its actions against the borrower, for example, the property is facing a significant delay in legal proceedings by other parties, in addition to tribal or partisan threats, which makes banks afraid to grant loans.

Recently, there has been talk of replacing the dollar with other currencies in remittances with Iran because of US sanctions. How will this happen?

– The transfer of the dollar from Iraq to Iran has been suspended since 2012, and the Iranians are aware of this, as the conversion in other currencies, because any transfer of dollars will pass the US Federal Reserve, which leads to the suspension of the transfer.

Is there a control of the Central Bank in its branches in Kurdistan? – There was an abnormal situation in the status of branches of the Central Bank in Erbil and Sulaymaniyah, where it belongs to the Ministry of Finance in Kurdistan and this represents a violation of legal and constitutional, at a time that all the countries of the world have one central bank,

so we moved with the provincial government and agreed with them to close those branches, And the opening of a new, so the Central Bank opened its new branch in Erbil and will open another branch in Sulaymaniyah, as the central bank is currently playing its full role in Kurdistan.

What is the role of the Central Bank in supporting community initiatives and activities, such as the Baghdad Initiative launched by the Association of Private Banks?


– We are working in the Central Bank to stimulate social contributions and initiatives by the banking sector and other financial institutions. We have established an optional fund called Tamkeen, in which banks and exchange companies participate in monthly amounts. We have established an internal system for this fund and a board of directors.

As well as environmental and youth.
Within this fund, we coordinated with the Ministry of Agriculture to dig artesian wells in some Iraqi provinces to contribute to solving the water scarcity experienced by the country, as we seek to launch the initiative to rehabilitate the bridges of Baghdad in order to appear properly.

Honored by the Union of Arab Banks as the best Arab central bank governor, what are the most important achievements that led to this honor?

– We, as a central bank, have close relations with central banks and international or Arab organizations, and those relations we have worked to deepen in order to benefit from those institutions in the transfer of the central bank from a bank that works with the mechanisms, standards and objectives of the twentieth century to another working in the 21st century,

We have succeeded for a long time in introducing new functions and tasks in the Bank’s work related to financial and monetary stability, developing methods of monitoring and abiding by the rules, methods and standards of combating the laundering of illiteracy.

Terrorism financing, risk management, overall quality and economic modeling
.
The US Treasury Department said that the efforts exerted by the Central Bank in this regard are equal to the effort it has made in its previous history, as Iraq was classified in the financial organization responsible for the classification The countries within the framework of money laundering, within the gray area, and his way to enter the black area, to become a financially isolated area and the Iraq assessment report contains 700 observations.


In the past few months, we have become the normal follow-up region, as we have been in the world, in the face of the great challenge that the country has experienced in terms of security and finances. So we have become very impressed with these financial institutions. , Federation of Arab Banks.

http://www.alsabaah.iq/ArticleShow.aspx?ID=163226

Experts: Ensure the investment is the basis of development

9/17/2018

Baghdad / Emad Al-Amara Iraq is suffering from the problem of the slow arrival of international and regional investments to be present in the local business arena, despite the great tendency to open up to foreign investment, especially after the achievement of the Central Bank achievement in getting out of the list of sanctions in the European Union to contribute to attract money and create the investment environment in the country and ensure the flow Investments to Iraq \ Attract investments between the academic economist d.

"The success of the entry of foreign investment into Iraq requires the creation of an appropriate environment for the process of attracting these investments, after reforming the financial structure with procedures to facilitate the entry of investors’ funds," he said.

"The institutional and legal frameworks must be set up to instill confidence in the foreign investor, Which is stipulated in the investment law is the basis for organizing any economic activity.

" Conflicting policies
He continued: "It is necessary to achieve general stability, so if the investor enters its money, it must be dealing with the administrative policies and decisions in force in Iraq smoothly and without obstacles and away from routine."

He stressed the importance of directing foreign investment first in the infrastructure, especially in the energy sector, transport and basic services as it is the basis for the success of other investments, while encouraging joint investments between foreign and national capital to transfer expertise to local investors to develop their capabilities and potential.

He explained the importance of pushing foreign investors to use national labor after being given the possible facilities and exemptions from duties and taxes levied on such investments, and obliging foreign investors to run specific percentages of the labor force to absorb the phenomenon of domestic unemployment. "

Infrastructure
For his part, the academic economist Amr Hisham need to "overcome the challenges facing foreign investment to enter the country through upgrading the infrastructure in Iraq, especially in energy sources, roads, transportation and basic services necessary for the success of investment projects."

"This requires directing the state’s effort to rebuild the basic infrastructure of the society so that the process of reconstruction and foreign investment can succeed," he said.

Investment flows
Hisham pointed out that "the absence of sophisticated financial markets able to meet the requirements of the investment sector in all forms is another obstacle to the success of any investment," but the central bank opened the door to enter the money to Iraq after he managed to get the country out of the list "The presence of such sophisticated markets helps the process of investment flows and motivate citizens to invest their savings, especially if we know that there is an intention to privatize a number of state-owned enterprises."

Investment Decision
Hisham focused on "
He called for "the development of the institutional and legal framework, especially after changes in the methodology of the state and its future directions in the transformation of the Iraqi economy from the central planned economy to the free economy, and the transition from the central management of the strong state to the federal system with broad powers to manage the regions and provinces, Its interaction with multiple institutions with unaligned powers ".

http://www.alsabaah.iq/ArticleShow.aspx?ID=163212

Army Lt. Gen. Paul J. LaCamera, commanding general of the XVIII Airborne Corps, assumed command of Combined Joint Task Force Operation Inherent Resolve from Army Lt. Gen. Paul E. Funk II, the III Armored Corps commanding general, today during a ceremony in Baghdad.

Iraqi security forces partners and distinguished guests joined an audience including U.S. and coalition soldiers, sailors, airmen, Marines and law enforcement officials for the transfer of authority ceremony at the coalition headquarters.

Army Gen. Joseph L. Votel, commanding general for U.S. Central Command, presided over the ceremony. Votel said that he is confident the XVIII Airborne Corps team from Fort Bragg, North Carolina, is ready to continue the fight for the lasting defeat of the Islamic State of Iraq and Syria and set conditions for follow-on operations to increase regional stability.

“Lt. Gen. Funk’s team has made tremendous progress,” Votel said. “[From] increasing the capabilities of the ISF, collapsing pockets of ISIS fighters throughout the region, [and] helping to clear Hawijah, Anbar and the Euphrates River valley throughout the past year.”

Votel further remarked on Funk’s leadership with the largest military coalition in history.

Coalition’s Commitment to Defeat ISIS

“CJTF-OIR’s success is a testament to your leadership,” Votel said. “Working by, with, and through brave Iraqi and Syrian partners, the coalition has remained committed to pursuing the lasting defeat of ISIS.”

The XVIII Airborne Corps previously led the CJTF-OIR coalition from Aug. 2016 to Sept. 2017.

Outgoing commanding general Funk took the opportunity to reflect on his command of CJTF-OIR.

“There are two words to describe what has changed in the last four years since the formation of this coalition — honor and hope. Working by, with, and through our Iraqi partners, our efforts helped the Iraqi security forces transform into a confident, professional organization and restore honor to their nation,” Funk said. “In northeast Syria, hope has replaced fear and oppression. While there is still a tough fight ahead, we are confident that XVIII Corps will lead the coalition to secure the lasting defeat of ISIS.”

LaCamera shared his vision for the CJTF-OIR mission ahead.

“As we look to the future,” he said, “we must and will be aggressive and resolute in everything we do to ensure ISIS and its ideology are completely eradicated.”

Since its establishment in June 2014, CJTF-OIR a global coalition consisting of 73 nations and five international organizations, has built and enhanced the capacities of partner forces and significantly degraded the ability of ISIS to recruit, train, plan, resource, inspire and execute attacks worldwide. The coalition’s collective accomplishments include training and equipping more than 170,000 Iraqi security forces and thousands of internal security forces in northeastern Syria; recapturing 99% of the territory previously held by ISIS in Iraq and Syria; and liberating nearly eight million Iraqis and Syrians from ISIS’s brutal rule.

(Source: US Dept of Defense)

 

What does it mean to be an Iraqi?

9/13/2018

Adnan Abu Zaid The
question goes far beyond being typical in a globalized era because of the globalization of cultures and societies. Special identities have become intertwined, and many of its distinctive features have been eroded, and this traditional Iraqi origin has been accentuated by emptying its content in favor of not belonging because of loss of self-confidence and nationhood.

Today, Iraq is living in a state of self-distrust, caused by fundamental political and social changes in its country, especially the irregular change in 2003, by the largest military machine in the history of man, is concerned about his future, after the change failed to create a stable state,

In today’s need to devise methods and tools in which he retrieves his determination, and gathers his will, to build society, and to establish new social equations, producing a generation capable of creativity and creation.


Iraq needs to discard the "patriotic" fanaticism, and my belief, open to the public, through windows rich in filters that attract the pros and cons of international experiences, to build a new country in a shorter time, and lower costs, if the Iraqi benefit from the experiences of developed countries.

Iraq needs a new concept for the elite. In the midst of globalization, in which a society can not resist its strong winds, Iraqi society needs to renew its social identity. The elites have conscious tools of guidance and leadership that keep pace with the age of globalization and avoid traditional stereotyping.

And to rush to change the society with emotional and moral drives in line with the spirit of modern civilization ..
Iraq will not feel its Iraq to dry the levels of despair, and not to fail to remove the jungle and waste that turned his life into dark caves because of corruption and mismanagement and the era of despicable dictatorship, as the decay that is rooted in Iraqi life will remain for a very long time, From approaching it, by the ordinary individual and elites.

The sense of the Iraqi ego will be unconscious as long as belonging becomes a burden on the individual.

The feeling of the importance of the Iraqi presence and the attempt of the individual to flee to the other existence is lost, so that another identity can be given to him. While developed countries are proud of their countries of origin despite their naturalization of other nationalities.

There is no doubt that the pride of "Iraq" needs to re-activate the feeling of the homeland, a process that is not artificial and can not be imported.
It is an instinctive feeling that grows over time as corruption subsides, moral values ​​rise, corruption values ​​are eroded, parties become mass organizations defending Citizen is not about special interests.

Any political change, at the level of governments and parties, will not contribute to the recovery of the lost sense of identity unless accompanied by an institutional and partisan self-coup and the contribution of the influential at the higher social, functional, cultural and capital levels. In absolute confidence in the future.

http://www.alsabaah.iq/ArticleShow.aspx?ID=163049

The central bank intends to put huge amounts of currency in small groups

9/12/2015

(Baghdad: Al-Furat News) The Central Bank of Iraq intends next month, to put large amounts of local currency, with small groups.

The governor of the bank Ali al-Aal in a press statement that "the Central Bank of Iraq, the development of a plan to compensate the market in small categories of local currency, as will be next month large quantities and huge ones," noting that "these quantities will meet the need of the local market for those categories of currency" .

He added that "the bank continues to receive local currency damaged by citizens and replace them with new currencies," revealing at the same time, "the existence of a competent committee to examine the damaged papers to ensure their safety from fraud and manipulation."

http://alforatnews.com/modules/news/…storyid=174262