Following the earlier announcement that Philip Dimmock will retire and thus not seek re-election at today’s Annual General Meeting, Gulf Keystone Petroleum (GKP) has announced the appointment of Martin Angle as Senior Independent Non-Executive Director with effect from Monday 16th July 2018.

Mr Angle has had a distinguished executive career across investment banking, private equity and industry. His previous roles include senior positions with SG Warburg & Co. Ltd, Morgan Stanley, Dresdner Kleinwort Benson, as well as the Group Finance Director at TI Group plc, then a FTSE100 company.

More recently, he spent time at Terra Firma Capital Partners where he held various senior roles in its portfolio companies. As a Non-Executive Director he has served on a number of Boards including Savills plc, where he was the Senior Independent Director, National Exhibition Group (Chairman), Severstal, and Dubai International Capital.

He currently chairs the Remuneration Committee and is a member of the Audit, Nomination and Sustainability Committees at Pennon Group, a FTSE 250 company.

On joining the GKP Board following the Annual General Meeting, Mr Angle will also succeed Philip Dimmock as Chairman of the Remuneration Committee and join the Audit and Risk Committee.

Jaap Huijskes, Gulf Keystone’s Non-Executive Chairman, said:

We are very pleased to welcome Martin Angle to the Board. Martin brings a depth of financial, commercial and boardroom experience to the Company and we look forward to his support and counsel at this exciting time as we prepare to invest to increase production at Shaikan.

“On behalf of everyone at the Company, we would also like to thank Philip Dimmock for his considerable contribution to the Board since his appointment; he leaves the Company at a time when the Company has strengthened considerably.

(Source: GKP)

By John Lee.

Protestors took to the streets of Basra for the fourth day on Wednesday, protesting the killing of a demonstrator by security forces, and demanding jobs and public services.

According to AFP, protesters also blocked the road leading to the oilfields of West Qurna, while international oil companies (IOCs) have reportedly moved senior staff out of the area for their security.

On Tuesday, the Cabinet approved measures to improve the delivery of essential public services in Basra province, with a focus on improving the supply of electricity to homes and businesses.

It also “instructed Iraq’s embassies, consulates and all border entry points to apply new visa and residency fees for foreign nationals seeking to enter Iraq“.

The Cabinet voted to establish a specialist committee staffed by teams from the Planning and the Construction & Housing Ministries to assess the value of resuming several incomplete or suspended projects, and instructed the Ministry of Finance to speed up the allocation of funds for projects that are deemed suitable for completion.

Meanwhile, Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] ordered “secondary contractor companies in West Qurna oil field to provide new jobs for the citizens of the neighbor towns near to the field“, and to “provide additional jobs for the citizens of Shatt Al-Arab district and the other towns“.

Otherwise“, he added, “the Ministry will take the appropriate procedures towards the companies that violates the directions“.

(Sources: AFP, Iraqi Cabinet, Ministry of Oil)

(Picture credit: Ahmed Mahmoud)

Is the world about a war of currencies or war started ?!
7/11/2018

What was being put in narrow circles a few months ago is now a question that is expanding day after day. Is the world heading for a currency war? Or is the currency war already under way, and can the Sino-US trade conflict be a prelude to a massive economic downturn that drives both sides to take a qualitative step to win the battle by turning to currency war? And who is the biggest loser in that war if it breaks out?



Currency war is the password now in many economic corridors, and it is not a matter of examining the extent of its seriousness or economic impact, such topics have killed academic research, but that the international economy suffered catastrophic effects in some stages of development, and therefore humanity has painful experiences with That kind of war, and what is currently being seen, is limited to how the global economy can face the risks of that battle.

Can the bipolar leaders of the United States and China realize the fate of the international economy if they decide to go ahead with currency war, Which may mean that Khaya Is economic suicide the official choice?

Professor John White, former chairman of the Bank of England’s Advisory Committee, puts the question to the question: Does anyone have an interest in the value of the currency being high in the current global trade conflict? The question is answered by "no".

"It can not be said that the international economy is witnessing a war of currencies, but certainly the circumstances are more than ever prepared for that war," he says. "If you are pessimistic, I can say that we are moving in this direction.
"The big economies now have a strong currency, after the strong currency has been a sign of strong economy and improved performance, and the conviction now prevailing among many economic leaders and policymakers that a weak currency will boost economic growth gives the economy a preferential advantage On his trade rivals, the risk that if everyone joined to that conviction will be all losers. "

The US administration wants the dollar to be weak, the EU is also seeking a weak European currency, and Japan is not hiding its official policy to overcome deflation lies in weakening the yen, China wants the yuan More competitive to increase exports and reduce imports, and Britain is silent on the decline of sterling, which could contribute to increase exports at a time when the exit from the European Union many economic problems.

But what’s the problem with that? Answers d. David, the Bank of England economist, said: "There is no problem in devaluation per se if it is a result of changes in market forces, but the risk when it is deliberate or flawed is done deliberately."

He asserts to the "economic" that the US side was clear and frank in accusing China strongly and frankly, as well as Japan to a lesser degree, that they manipulate the value of their local currency, the yuan and yen to achieve preferential advantages at the expense of US exports.

He notes that US Treasury Secretary Stephen Manuchen welcomed the depreciation of the dollar while welcoming the best economic performance of the euro area in more than a decade. Not surprisingly, the euro against the dollar rose to more than $ 1.25. On the other hand, The European is very upset by the euro’s improved value, which hampers its efforts to overcome deflation and low inflation in the Eurozone countries.

"Under the circumstances, investors and hedge funds are very cautious and delay their investment decisions pending clouds, which means a drop in growth."

Concerns that a trade war could turn into a currency war are legitimate for many economists, but they believe that currency war has not yet officially broken out.

But some believe that the US economy may be better able to counter that war than others. Some even believe that Washington may have a real interest in moving the international economy toward a currency war to curb the Chinese yuan’s ambitions.


Concerns about China’s pricing of many international goods, mainly oil in yuan, concern the top White House economic officials, congressional leaders and US financial institutions. The dollar now accounts for about 85 percent of international trade transactions, and such a step could erode the currency’s centralization.

And some believe that Washington has an interest in weakening the Chinese yuan so much that it can not be priced for major commodities in international trade, and this will only happen through its defeat in a currency war, which China is seeking to avoid now .

Since 2016, there are notable Chinese steps to dismantle capital controls on the yuan, a prerequisite for making it an international currency. Although these steps contribute relatively to the promotion of international trade by promoting the use of the yuan beyond China’s economic borders, it is a future challenge for the dollar American.

"The Chinese central bank has pledged that it will not use the yuan as a means of a trade dispute with the United States, revealing China’s financial policymakers’ understanding that they will emerge losers from the battle of currency war," said Tina Brown, a banking expert. In that war, the Chinese yuan is in a vulnerable position, and Beijing will not have to repeat the experience of 2015 by injecting more cash reserves into the markets to maintain the value of its national currency from total collapse against the dollar.

This means huge erosion in its dollar reserves without a household It is to maintain the balance of the yuan. "
But if the United States can emerge victorious in that war, despite the losses, why not rush to ignite the currency war ?!

The current interplay in the global economy as a result of globalization largely hampers the ability of the United States to do so. Such a war will inevitably weaken the growth rates of the Chinese economy and weaken the import intensity of China from the United States. Means that the US economy is negatively affected by the decline of his opponent.

Investment expert Boris William said the United States would accept a relative devaluation of the yuan as a means of providing some support for the Chinese economy. But if Beijing’s financial authorities ignore US warnings that the yuan should not retreat from a certain level, the sensitive level is 6.7 yuan against the dollar The US strategy will change.

"The fear that the continued devaluation of the Chinese currency against the dollar will lead to a currency war is because each country will have a different reading of the reasons for this decline. While China will view it as a justifiable move, Given the conditions in the Chinese economy.

He explains that the other side, the administration of President Trump, will look at China’s position as a plan aimed at harming the US share of world trade. If the two sides engage in a currency war, the other economies will certainly suffer greatly.

He notes that a number of advanced industrial countries such as Japan, the European Central Bank and the Bank of England have used the logic of weakening their currency more money printing to encourage exports, so why deprive China of the practice?

https://www.albawaba.com/ar/%D8%A3%D8%B9%D9%85%D8%A7%D9%84/%D9%87%D9%84-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85-%D9%86%D8%AD%D9%88-%D8%AD%D8%B1%D8%A8-%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A3%D9%85-%D8%A7%D9%84%D8%AD%D8%B1%D8%A8-%D8%A8%D8%AF%D8%A3%D8%AA-1157616

The Federal Law provides for the unconstitutionality of a substance in the budget that authorizes the House of Representatives to construct a building
7/10/2018

Treasures of Media – The Supreme Federal Court, Tuesday, unconstitutional article in the federal budget law for 2018 authorizes the House of Representatives to build a building for him two billion dinars.


"The Supreme Federal Court held its session under the chairmanship of Judge Medhat al-Mahmoud and the attendance of all the members of the judges, and considered a lawsuit to challenge some articles of the General Budget Law for the fiscal year 2018, which was established by the Prime Minister, in addition to his job on the Speaker of the House of Representatives, In addition to his job. "


"The lawsuit included eight appeals, two of which were rejected, and six were judged by the unconstitutionality of articles in the budget because they violate the Constitution," adding that "of the articles contested is Article (57 / I) of the law and provided for the allocation of about 300 billion dinars, including two billion dinars of the investment budget allocated for the construction of a building of the House of Representatives.


He explained that "the Federal Supreme Court found that the allocation of the House of Representatives for this amount and add it to the draft budget law for the year 2018 without reference to the Council of Ministers to take his approval contrary to Article (62 / II) of the Constitution, and to obtain the approval of the Economic Committee in the Council of Ministers on the project Means the approval of the Council of Ministers in accordance with the requirements of Article (62 / II) of the Constitution and therefore ruled unconstitutional article.


It is noteworthy that the House of Representatives voted, in its session held on Saturday (March 3, 2018) on the federal budget for the current fiscal year boycotting the Kurdish deputies.


On Thursday, March 29, 2018, the Presidency of the Republic announced that the budget law would be sent to the Ministry of Justice for publication in the Official Gazette, without the approval of President Fuad Masoum.


The Ministry of Justice announced on Tuesday (April 3, 2018), the issuance of a new issue of the Iraqi fact sheet, indicating that the number included in the Financial Budget Act 2018.

http://www.knoozmedia.com/352832/%D8…-%D8%A7%D9%84/

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

By Histyar Qader and Awara Hamid.

The Secret History Behind The Stalled Project To Solve Iraq’s Water Problems

Despite ever-increasing water supply problems, the construction of one of the biggest dams in Iraq remains on hold. One of the main reasons for the delay seems to be political paranoia.

It would have been the largest dam in Iraq when the project was first proposed. But over 60 years have passed since the Bekhme dam was planned and in that time, the project has seen various political regimes come and go as well as war and peace.

It would have been a major undertaking, with a final height of around 230 meters, and offered extra water supplies to the people of Iraqi Kurdistan. Recent events, where Turkey cut off the flow of the Euphrates river and levels dropped noticeably, and Iran cut off water from the Little Zab, mean that a dam like this one is more necessary than ever. But, after all this time, will it ever happen?

The Bekhme dam was first on the Iraqi government’s agenda in 1937 and a US company developed a design for the dam in 1953; that is, during Iraq’s monarchy. In 1979, a Japanese firm adapted the original designs and in 1986, two more companies, one from Turkey and the other from the former Yugoslavia, began work on that plan.

Work continued until 1991, and around a third of the required work had been done, when the whole thing came to a grinding halt, due to the second Gulf war. This is when the Iraqi government headed by Saddam Hussein withdrew from the northern area, leaving the Kurds to govern themselves.

Should the giant dam have been completed, the authorities in the semi-autonomous northern region of Iraqi Kurdistan say that it would have held between 14 and 17 billion cubic meters of water, at a  depth of 179 meters. It would have helped irrigate more than 560 hectares of agricultural land and produced electricity too.

“The three dams – Dokan, Darbandikhan and Dohuk – collect seven to eight billion cubic meters of water but the whole region needs 10 billion,” explains Akram Mohammed, the head of the regional department for dams in Iraqi Kurdistan. “There is a plan to build 250 more small and medium-sized dams but only 14 have been completed so far. If we continue at this pace, we are going to face serious water shortages soon.”

The Bekhme dam project was suspended in 1991. But it was not just  a  political problem, due to the Iraqi government pulling out of Kurdish areas.  Over time, the machinery and materials used for the dam-building “disappeared”. Locals say the goods were smuggled across the border into Iran and never returned.

After Iraqi Kurdistan’s second-ever parliament was formed, and governed between 2005 and 2009, local politicians did try to revive the project. They were unsuccessful but up until today, the MPs involved can’t explain exactly why.

Jamil Mohammed was a member of the committee that debated the subject at the time but he told NIQASH that “we did not come to any conclusions”. He couldn’t give any further information, he said.

Several problems with the Bekhme dam project have been flagged, including geographical ones, downstream issues and the destruction of Iraqi heritage, once the area has been flooded.

“The Bekhme dam issue was only discussed once during that administration,” says Abdulrahman Ali, who is on the agriculture and irrigation committee in the Kurdish parliament and a senior member of the opposition Change movement. “I followed up on this issue personally but the response was that this was a political issue. That’s why it remains unresolved up until now.”

The nature of those problems is a little more difficult to trace back. Money was not the issue apparently. In 2005, as the Iraqi Kurdish authorities resumed contact with the Iraqi government, Baghdad promised to put US$5 billion into the dam’s completion.

“During the al-Maliki government, we followed up on the amount of money for the project and we note that the Iraqi ministry of water resources did discuss the issue with authorities from the Kurdish region,” says Mahmoud Raza, an MP in Baghdad. “The plan for the dam changed several times. But the Kurdish authorities wouldn’t agree to it being built.”

Apparently the problem was the level of water in the dam and its size. There was concern about how much water the dam would collect and whether this would block the flow of water into the rest of Iraq.

Alternative plans were suggested by the Kurdish authorities but these were not viable, Zafer Abdullah, an adviser to Iraq’s ministry of water resources, told NIQASH. “Other plans involved reducing the water level in the dam and the size of the reservoir,” he said. “At that time, the Kurdish presidency was against the dam being constructed and some said there were political reasons behind this.”

At the start nobody had any problem with the dam being built. But later on the issue was politicized – when it was suggested that the Barzan area be submerged.

“It was the Kurdish leadership who would not accept the construction of the dam, despite the fact that the Iraqi government gave them three alternative designs for the project,” Mohammed, head of the regional department for dams in Iraqi Kurdistan, confirms.

Over the course of two weeks researching this story, NIQASH tried to contact the Kurdish government’s spokesperson, Safeen Dizayee, several times to ask why but had no response.

A large part of the “political” reason behind the lack of progress on the Bekhme dam also has to do with the fact that around 54 villages in the area would be submerged, says Karwan Karim Khan, mayor of Khalifan, where the Bekhme dam would be located.

Some of these villages are located in the Barzan area, the historic home to the Barzani tribe, from which one of Iraqi Kurdistan’s ruling families originates. The Barzanis head one of Iraqi Kurdistan’s most popular political parties, the Kurdistan Democratic Party, or KDP, and until he stepped down recently, Massoud Barzani was president of Iraqi Kurdistan.

At one stage a petition was launched, collecting signatures of those opposed to the destruction of these villages due to the dam, and Kurdish authorities used this to justify the ongoing suspension of the project.

“We signed the petition because the Bekhme dam could cause many problems – one of which is that we would be forced to leave our homes,” says Hasso Mohammed Amin, a 52-year-old resident of one of the villages that could end up submerged, Dola Teshwu. “ We wanted the project suspended or its size reduced,” he notes.

The nature of those problems is a little more difficult to trace back. Money was not the issue apparently. In 2005, as the Iraqi Kurdish authorities resumed contact with the Iraqi government, Baghdad promised to put US$5 billion into the dam’s completion.

“During the al-Maliki government, we followed up on the amount of money for the project and we note that the Iraqi ministry of water resources did discuss the issue with authorities from the Kurdish region,” says Mahmoud Raza, an MP in Baghdad. “The plan for the dam changed several times. But the Kurdish authorities wouldn’t agree to it being built.”

Apparently the problem was the level of water in the dam and its size. There was concern about how much water the dam would collect and whether this would block the flow of water into the rest of Iraq.

Alternative plans were suggested by the Kurdish authorities but these were not viable, Zafer Abdullah, an adviser to Iraq’s ministry of water resources, told NIQASH. “Other plans involved reducing the water level in the dam and the size of the reservoir,” he said. “At that time, the Kurdish presidency was against the dam being constructed and some said there were political reasons behind this.”

“It was the Kurdish leadership who would not accept the construction of the dam, despite the fact that the Iraqi government gave them three alternative designs for the project,” Mohammed, head of the regional department for dams in Iraqi Kurdistan, confirms.

Over the course of two weeks researching this story, NIQASH tried to contact the Kurdish government’s spokesperson, Safeen Dizayee, several times to ask why but had no response.

A large part of the “political” reason behind the lack of progress on the Bekhme dam also has to do with the fact that around 54 villages in the area would be submerged, says Karwan Karim Khan, mayor of Khalifan, where the Bekhme dam would be located.

Some of these villages are located in the Barzan area, the historic home to the Barzani tribe, from which one of Iraqi Kurdistan’s ruling families originates. The Barzanis head one of Iraqi Kurdistan’s most popular political parties, the Kurdistan Democratic Party, or KDP, and until he stepped down recently, Massoud Barzani was president of Iraqi Kurdistan.

At one stage a petition was launched, collecting signatures of those opposed to the destruction of these villages due to the dam, and Kurdish authorities used this to justify the ongoing suspension of the project.

“We signed the petition because the Bekhme dam could cause many problems – one of which is that we would be forced to leave our homes,” says Hasso Mohammed Amin, a 52-year-old resident of one of the villages that could end up submerged, Dola Teshwu. “ We wanted the project suspended or its size reduced,” he notes.

“At the start nobody had any problem with the dam being built,” Abbas Ghazali Mirkhan, an MP with the KDP and also a resident from the area where the dam is meant to be being built, told NIQASH. “But later on the issue was politicized – when it was suggested that the Barzan area be submerged and the Barzan villagers be displaced.”

“When the budget was first allocated for the dam project in 2005 and the plan designed by foreign advisers, Massoud Barzani had no problem with it,” Mirkhan continued. “But when it turned out there were political motivations behind the project, Barzani and the local population collected signatures for a petition against it and the project was suspended.”

And by this, he means that the Barzanis clearly felt that the dam was a personal attack on their heritage, possibly a politically motivated one by Baghdad.

Whatever the reason back then, work on the Bekhme dam seems unlikely to resume any time soon, no matter how much its needed. The Iraqi government has basically given up on it now, insiders say.

“There’s no hope in reviving those talks with the Kurdish authorities about the Bekhme dam,” Abdullah, the ministry of water resources adviser, concludes. “We are now relying on the Tharthar dam [further south] to secure our water supply.”

The poverty in Iraq

7/9/2018

Income is earned by one of the most important human life sizes which provides him free and dignified life and can enjoy good nutrition, health and education and achieve their legitimate aspirations, and bugs and declines in income of people exposed to a lot of troubles and challenges and produce them poverty which is the focus of the Our conversation, note that the poverty in Iraq is not new, as are all of the international community and the peoples of the universe although poverty rates varied among them.


But the events that followed the occupation and regime change after the year 2003 had a significant impact on the emergence of a new and large layers of other rich and poor at the same time, the direct causes of poverty in Iraq before and after the occupation many factors are numerous and complex of eight years war with Iran,

invaded Kuwait WA For twelve years of siege that followed the American occupation sweep plow farm fields and destroyed all our production infrastructure later fifteen years of corruption and Iraq rights override State water international norms and laws, moreover, not justice.

In the distribution of national wealth, not to mention the weakness of successive Governments ruling Iraq and that absent and left her economic development plans and projects in addition to all kinds of challenges and wars of old ideological sectarianism, racism and wars accompanied by suspicious corruption armament operations Cost more than 25% of the State budget

and development affected the Iraqi capita of Iraq all these dangerous and difficult internal factors, external factors allowed pressure to intervene in our internal affairs including the details pan, and all these challenges and poverty areas sought agents who became scary,

Having formed the proportion living below the poverty line, 25 percent of Iraq’s population, which is awesome for oil reserves are country 135 billion barrels of oil and is the latest statistics by the current oil Minister petroleum Jabbar to play comfortably; long talk about the problem of poverty and inequality class in Iraq because of the complex and its factors Complicated foremost:

Corruption

Corruption is one of the most important foundations for the factors of poverty and sabotage the institutions of the State, society, and civil peace, the security of citizens, destroying the building and reconstruction projects and investment, trimming regulations and laws, dropping the State’s prestige, and much more.

Corruption does not mean stealing public money, or misappropriation of State funds directly; work on construction contracts and tenders on business owners and contractors Government Loyalists, some leaders of the political blocs and units to State authorities in Parliament who They can disable its oversight role is the core of corruption,

because these are a corrupt reserves and umbrellas for every thirsty thieves and public money, and the power of citizens, are spreading poverty in society, and waste public money on bad fake projects unproductive and diuretic,

note that each This corruption and corrupt activities and suspicious is because of lack of accountability and transparency and parliamentary control, which because of her wasting money became public in bulk and permissible.

Hundreds of billions that did not know her by weakened state, and paid to borrow, after attending more than one million young people to the unemployment lines, and on the other end has increased and expanded the fortunes of the ruling class, her preference at all,

these layers that had a first floor And basic real investors who prefer to escape and cling to work in a professional atmosphere of pure competitive plus other aspects of corruption including bribery, extortion, embezzlement and neglect aspects of corruption spread today in State institutions because of a lack of competencies,

and the question when to work To encircle and scaling these pests to eradicate them, even if there are difficulties to be achieved, and do follow up fictitious companies calling it contracts and contracting and accounting for brokers and owners of these companies,

and put them in the dock and public trials before the people. If there was a real intention to fight corruption and stop havoc in State institutions

All these violations due to the weakness of successive Governments to rule the country and spread of corrupt at all levels, and the abuse of power, even by many of the security apparatus which imposes many bribes and elements that lead to security violations constitute serious risks to Community, practices and situations contributed to the destruction of the middle class who disappeared, melted and entered a poor layer,

and everyone knows the importance and role of this layer which is the conscious cultural and human capital which form of enlightening class in society, which swallowed by corruption after becoming industries National semi destitute or hidden, and disappeared with her product and his disappearance spread poverty, unemployment, lack of jobs,

the disappearance of national industries means lack of exports, as a source of hard currency after disappearing consumer protection system and kept out of sight, and didn’t find on the scene today is layers The new rich bourgeois or spammed, and are the product of many Alliance took power with the business,

what shows that the scourge of poverty is expanding to include new categories of Iraqi society, which still live on the ration card, and on the other to accumulate money and riches However,

the politically powerful in the State at all levels in addition to financiers and business supporters of the power forming large central keys of the country’s corrupt who made Iraq home to corruption and overtaking on human rights and poverty

Political chaos

In short our problem in Iraq today is not strong in politics; but who works for everyone involved and working in his specialty, so you see all politically and all leaders, all engineers, physicians, respite, mtkhandkin and dispersed Iraqis need for collecting them, and the question of which political or National political figure or party you can collect.

And do we need competent able featured wises Council support and by the Constitution to find and select a Prime Minister has the qualities of a leader and leadership and competence to lead the Government,

the Prime Minister of his national decision imposing his respect through personal and scientific and professional abilities and political history His estimable Word Prime national in conflict characterized by courage and transparency, informed, Prime Minister will respect the laws and regulations and apply them to himself and everyone bravely and without hesitation,

and everyone knows the work in Iraq is a State b (altvatin) for not owning The State national meaning lack of professional scientific approach roadmap agreed, political and State need programs and foundations and starting rules constructs meaning mature process road map to address the country’s many crises large and accumulated fifteen years ago

and all you see Talking about reform and change and fight corruption and integrity and reconstruction, investment and building the country, and have not achieved anything of all this and of all political parties and without exception, we individually far from collective national action that can process management Successful governance and political reform,

change and achieves surround corruption and corrupt accounting in public and action, not slogans and grandstanding, having been absent parliamentary control Parliament became a peg to meet and pass the desires of the masses, political parties, quotas, not meet the wishes of the people And the popular will.

External influences and their role in spreading and increasing poverty.

International financial institutions play a big role in imposing economic policies often restrict national political institutions, reduce the power and possibilities of proclamation of the institutions responsible for activities,

because of how the conditions are tough pressure on the leaders, politicians and decision makers in countries The third world and Iraq is part of this world that harsh conditions imposed by the IMF and the World Bank external conditions that have nothing to do with systemic national borrowing States inside despite having the Bank system and emphasizes the need not to cause any damage loans Borrowing powers,

and not to exercise any pressure on them, but in fact all these systems or regulations do not place her on the ground and are infiltrated and broken, and the borrowing countries, abiding by all the most liberal and open economic policies,

meet her loans, meaning that the systems This social States cannot be developed and established only according to liberal visions of the IMF and the World Bank, meaning it is only words and everyone sought to build and establish personal and selfish interests,

so push the conditions the International Monetary Fund and the World Bank (free market) down to scale the State And prevent it as much as possible not to intervene directly in economic life because of an unfair tax policies imposed on countries policies linked to limitations and conditions of the World Bank and the International Monetary Fund and world trade,

is unjust and Iraq policies intended to drown in debt after he tripped State role Liberal interests social protection system that destroyed their world and savings rates, down to destroy Iraqi national economy which has become incapable of providing jobs for citizens.

The economy

25% of Iraqi people living under the poverty line due to the absence of national economic and social personalities and political economic field in addition to political pressures emerging that is destroying the inside of the national economy in all its dimensions the strategy

that led to spend billions on Fictitious enterprises due to fragmentation and political, social and security absence of internal national political will, led to loss of market size is desired effects and key factors contributed to deepening poverty and spread,

after declining development and distorts the economy and break it, and break the economy Agriculture, lack of investment that ebbed and tumbling and expulsion from Iraq and become has no place, because of corruption and corrupt people who are putting obstacles in the way professionals investors who refuse and not subject to extortion (alkhaoh)

each of these violations and corruption levelled ate national economy and undid Iraq We are one of the richest countries in the world that darted by corruption and poor management of State institutions and the power struggle to the foreign debt and its institutions

such as the IMF and accessories today Iraq is intended to go to scary and terrifying fiscal policies because these debts which increased class disparities and poverty areas The disappearance of the middle class and their impoverishment and destruction and the emergence of new-rich layers on the ruins and suffering new poor

Development

Need development to clean skilled conscious ruling class can raise savings rates his power development which are the most important factors that work to alleviate poverty and address some of it to support economic growth and to increase its size by expanding small and medium-sized enterprises which have become real and not imaginary Part of the corruption here has to be mentioned

the State of self to build small projects like this that a large proportion of them did not materialize because of poor follow up State and checking the performance of these projects a reality on the ground means you go these advances to the misplaced and intended to SME advances made by a The State has not achieved anything on the ground

here must pass the importance and necessity of genuine human development through attention to the development of education and training, health and support the role of civil society institutions discreet jurisdiction and role and presence in the field have scientific committees headquarters

A professional add that social welfare is linked to social security programs which I wore suspicions of corruption because of moving away from justice and the distribution of income and the large proportion of alamsawah for the most money and not for the lowest income add so farming

but destruction means the destruction of the system Food security now that millions of agricultural land unfit for agriculture because of the stolen lots of water by Iraq neighboring countries which dominate the headwaters of rivers

and in fact reasons for this decline to a lack of political will and seav special occupational culture culture of all kinds and functions The executive-led Government add so what we touch food wastage on numerous occasions worth billions mean million tons go to trash.

Accountability

Lacking social justice and the poor has increased poverty and rich blues and lost human rights and declining role of education and health services in General and all this happened and continues to happen because of lack of accountability and accounting

after becoming income rate in Iraq of three hundred dollars to five hundred dollars all because of absence of accountability mean D lack of accountability of the political class that governs accountability for all these failures and causes of corruption and the deterioration of infrastructure and services and is intended to the deterioration of the human rights

Absence of popular attendance

Iraq officials became fun citizens of electricity, water and food crises and wars, terrorism, extremism and the atonement and becoming laws and regulations and other policy decisions are formulated and recognizes the shape intersects with the wishes and the will of the Iraqi people and his absence from the political arena

if there or attending Popular opposition to any policy to spread corruption and entrenched in the body of the State and society and take control of decisions and political directions after I missed a word people in all the devastation and destruction and struggles for power and the solution lies in changing policies and Government work

and show diagrams and State projects here highlights the role Intellectuals and people unemployed and poor people living under the poverty line lttzaver their efforts towards peaceful activities and national action clear and strong to correct the March of political,

social and economic state after all these terrorist incursions and sectarianism and takfiri and ruin all these situations Zada home ruined and poor and deteriorating because of failed policies only change a national revival and popular presence policy change

at the forefront of economic and financial policies to boost the stability of the political situation and in particular, the national people’s presence is achieved will change to return Iraq to lead Himself and participate in this region depends on popular consciousness,

which could change the political, economic and development realities, which can be achieved only by presence in the field and practical for the masses and is not long after he became a stone that poverty and living under a plan generates a blast for reform and change,

Because the failure of politics and the presence of corruption and terrorism and wars, sectarian atonement made poverty and caste inequality, underdevelopment and the public aware of their responsibilities and you took the initiative to be national security valve,

here must remind political leaders that they must work hard. And perseverance and wisdom and professional and clear visions and ripe for change and switch all the tracks before the flood.

http://aliraqnews.com/%D8%A7%D9%84%D9%81%D9%82%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82/

Amendment of the labor law is necessary to support industry and investment

7/9/2018

Abdul Aziz Al – Khudairi *
There is no doubt that unemployment is one of the biggest challenges of the Iraqi economy , it is a social problem, economic, and political experts differ in estimating the size of unemployment , which ranges between 3-4 million unemployed.

The crisis of water scarcity in the Tigris and Euphrates rivers will push hundreds of thousands of workers in the agricultural sector to migrate to the cities in order to live and find jobs for them.

The expectations are that the number of new unemployed will rise by at least one million unemployed who are expected to migrate to cities during this period. Year and next year which will increase the unemployment crisis in the country.

There is no doubt that the aim of the legislator of the labor law was to encourage and regulate the employment of Iraqi workers in industrial projects and investment in the private sector, which began to move with the clear and strong support of the state during the last year.

Most of the national industry in Iraq is based on the use of labor intensive and not designed or ready for high mechanization because most of these private industrial projects are not modern and limited production capacity required because the size of the market is still limited in the beginning.

One of the biggest drawbacks of the current Labor Law is the lack of flexibility to terminate the services of the worker without the approval of the Minister of Labor or after the establishment of special committees to investigate the reasons for ending the services of the worker, making the termination of the worker is almost impossible.

The lack of flexibility in the labor law for 2015 can not create a competitive atmosphere for workers in any productive institution, which leads to a clear reduction in productivity and competition among workers for the purpose of developing professional and technical expertise and increasing production capacity without which we can not build a national industry or successful investment in Iraq.

The determination of the industrial and the investor in the termination of worker services does not serve the correct productive environment and does not serve the interests of the workers in general and makes the employer reluctant to appoint large numbers of local workers because of the lack of flexibility to terminate the worker’s services.

The current routine and the current instructions to end the services of the secured worker are a clear obstruction of industry and investment.

A number of industrialists have appeared reluctant to hire workers because they do not want to get involved or get into the complexities of ending the inefficient or seasonal worker services in some seasonal projects such as juices, Is not efficient with a good worker or has more experience than the old factor,

where this competitive element between the good and the bad worker is eliminated if the worker understands that it is not easy to replace by another factor and thus disappear competitive spirit in the work, and without a clear competition in the work can not We are building a successful national industry.

Iraq urgently needs to encourage the industrial sector and foreign investors to create jobs in order to reduce the high unemployment crisis. Any foreign or Iraqi investor will hesitate very much after looking at the current labor law and instructions, especially the lack of flexibility to end the services. The worker should request this.


That Iraq is a country in dire need to fight unemployment clearly and that any obstruction of employment is not in the interest of the economy or unemployed worker.

We call on the Ministry of Labor and Social Affairs to reconsider to find high flexibility in ending the services of the private sector worker and reviewing the labor law In the clause on termination of worker services.
* International economist

http://www.alsabaah.iq/ArticleShow.aspx?ID=159741

Parliamentary: Iraq’s foreign debt budget this year exceeded 112 billion dollars
7/6/2018

Announced the member of the Finance Committee in the outgoing parliament, Massoud Haider, that Iraq’s foreign debt in this year’s budget exceeded 112 billion dollars.


He said, "Iraq’s foreign debt in this year’s budget amounted to 112 billion dollars, except for the British loan signed by the government has not received the full amount yet because the loans once signed become debt owed," noting that "$ 112 billion in government statements is a natural borrowing , Because th
e International Monetary Fund adopted a specific debt ceiling can not exceed Iraq at a maximum of 132 billion dollars maximum. "


He added: "A large part of foreign loans up to about 42% of loans from the Gulf countries, has not been agreed to repay, and another part of the debts of the Paris Club, which has already exempt Iraq from 80% of foreign debt," noting that " A lot on the Iraqi economy, as well as the destruction of infrastructure, Iraq sought to take advantage of cash reserves and internal borrowing.


He explained that "the Iraqi cash reserve more than 50 billion dollars, which is a positive and reassuring to cover the cash mass currently circulating in the domestic market, which range from 33 to 36 trillion dinars."

http://alrassid.org/news.php?NewsID=27242

Abadi discusses reducing the number of American advisers in Iraq

7/5/2018

BAGHDAD / Al-Sabah: The Prime Minister of the Armed Forces, General Haider al-Abadi, discussed with the US Senate delegation the reduction of the number of American advisers in Iraq.

A statement by the Prime Minister’s Information Office received by Al-Sabah said that Abadi received in his office the delegation of the US Senate, noting that the delegation included Sen. Lynthrey Graham, a Republican member of South Carolina, a member of the financial allocations and the Armed Forces Committee, and Senator Elizabeth Warren A member of the Armed Services Committee, US Ambassador to Iraq Douglas Silliman, General Paul Fink, commander of the International Coalition Forces in Iraq and Syria, and a number of advisers in the US Senate.

"The meeting discussed the relations between the two countries, supporting Iraq in all areas and conditions in the region and reducing the number of American advisers in the region," the statement said
Iraq".

The Senate delegation praised the "ability of the Iraqi forces and their victory over gangs, calling for the liberation of Iraqi territories and the protection of civilians," stressing that "continuing support for Iraq in the fields of training and armament."

http://www.alsabaah.iq/ArticleShow.aspx?ID=159568

Reconstruction and recovery in Iraq: Reviving the Spirit of Mosul

The ‘Revive the Spirit of Mosul’ Initiative was presented on 30 June 2018 during the 42nd session of the World Heritage Committee.

Launched by UNESCO Director-General Audrey Azoulay in February 2018, the Mosul Initiative is conceived in partnership with the Iraqi Government to integrate the human dimension in the reconstruction and recovery of the city, particularly through culture and education, after years of painful destruction. Between 2014 and 2017, historic monuments and sites were systematically destroyed in Iraq.

Ernesto Ottone-Ramirez, UNESCO Assistant Director-General for Culture, pointed out that the international community has the responsibility to support the Iraqi people in the reconstruction and recovery of Iraq, and that the first signs are already positive.

“Last April in Baghdad, UNESCO and the United Arab Emirates signed a historic partnership for the reconstruction of Mosul, which includes rebuilding the iconic Great Mosque of Al Nuri and its leaning Al-Hadba minaret. This pioneering partnership is a message of hope that Iraq’s future will be shaped with its young women and men as agents of reconstruction and change in a prosperous, inclusive, reconciled and open society.” The United Arab Emirates have committed USD 50.4 million to rebuild and restore the Al Nuri Mosque over a five-year period.

H.E Fryad Rawandouzi, Minister of Culture, Tourism and Antiquities of Iraq, expressed his gratitude to the countries standing alongside Iraq to protect its culture. “Iraq, which has stood up in the face of terrorism and triumphed, is fully aware of the power of culture to bring back hope and peace, and restore the archaeological sites, museums, buildings and intangible heritage that terrorism has destroyed. Culture contributes to peaceful coexistence.”

He also took the occasion to hand to Mr Ottone-Ramirez the submission of Mosul to be included on the Tentative List of sites of Iraq, for potential future inscription on the World Heritage List.

H.E Ruba Al Hassan, Undersecretary of the Ministry of Culture and Knowledge Development, United Arab Emirates, said, “We have a collective responsibility, not only in the Arab region, but in the wider international community towards Iraq and other nations that have endured conflict to work towards protecting our shared heritage, not only as Muslims or as Arabs but as human beings who value the wealth and weight that heritage and culture brings to enriching our common humanity.”

Mosul is a living symbol of the multifaceted identity of Iraq, and one of the oldest cities in the world; it is at the crossroads of the Middle East and bears witness to the wealth of civilizations that crossed the region over centuries. The archaeological site of Nimrud, the Museum of Mosul, the Nabi Younes Shrine and many other sites there have been targeted for intentional destruction.

The ‘Revive the Spirit of Mosul’ initiative is a UNESCO priority and one of its most ambitious reconstruction and recovery campaigns.

A conference organized in conjunction with the Iraqi Government will take place at UNESCO Headquarters in Paris on 10 September 2018, to mobilize the support of the international community.

(Source: UNESCO)