– Natural gas futures edged lower on Friday, as some investors cashed out of the market to lock in gains from the previous session’s 5% rally that took prices to a four-week high.
Updated weather forecasts showing that a heat wave in the U. S. Northeast and Midwest was expected to give way to below-normal temperatures this week also weighed.
On the New York Mercantile Exchange, natural gas futures for delivery in August fell 1. 1% on Friday to settle the week at USD3. 771 per million British thermal units.
Despite Friday’s downbeat performance, natural gas prices rose 3. 45% on the week, the third consecutive weekly advance.
Nymex gas futures surged 5. 1% on Thursday to hit a four-week high of USD3. 814 per million British thermal units, following the release of bullish U. S. supply data.
The U. S. Energy Information Administration said in its weekly report that natural gas storage in the U. S. rose by 58 billion cubic feet last week, below market expectations for an increase of 64 billion cubic feet.
Inventories rose by 29 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a build of 70 billion cubic feet.
Total U. S. natural gas storage stood at 2. 745 trillion cubic feet as of last week, 1. 2% below the five-year average and 13% below last year’s level.
Early injection estimates for this week’s storage data range from 45 billion cubic feet to 60 billion cubic feet, compared to a 26 billion cubic feet increase during the same week a year earlier.
The five-year average for the week is a build of 53 billion cubic feet.
Meanwhile, market players continued to focus on near-term weather forecasts to gauge the strength of demand for the fuel.
Updated weather forecasting models released Friday pointed to milder weather temperatures across most parts of the U. S. Northeast and Midwest for the rest of July.
The U. S. National Weather Service pointed to below-normal temperatures covering the heavily populated Northeast and Midwest regions over the next six to 14 days.
Mild summer temperatures reduce the need for gas-fired electricity to cool homes.
Elsewhere in the energy complex, light sweet crude oil futures for September delivery settled at USD108. 23 a barrel by close of trade on Friday, adding 2. 1% on the week.
Meanwhile, heating oil for August delivery tacked on 2% over the week to settle at USD3. 095 per gallon by close of trade – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Baghdad/with: Iraq market index securities in Sunday’s meeting by 1.56 percent registered 89.25 points.

During the meeting, trading in shares of 38 companies contribution out of the 73 listed companies electronically, the shares of 7 companies and 23 Decliners, while other companies maintained 8 performers.

And the number of shares traded in the day session of 765 million shares worth 1.2 billion exceeded 287 million, achieved through the implementation of 424 contract trading.

The banking sector saw trading in shares of 14 companies, the shares of two companies, declined another 11 companies, with wahadhali company maintained its rates, exceeded the number of shares traded her 612 million shares worth 894 billion and exceeded the million dinars achieved through implementation of the 224 traded contract.

The industrial sector saw trading in shares of 12 companies, declined 5 companies, and shares of other companies, with 3 kept its prices companies 4, exceeded the number of traded shares of industrial companies of 89 million shares worth over 166 million dinars achieved through implementation of 116 contract trading.

The hotel sector saw trading in shares of companies, two declined, with 3 companies kept the performers and exceeded the number of shares traded for the hotel sector are worth 29 million exceeded 271 million were achieved through the implementation of 16 nodes.

The service sector also saw trading in shares of three companies, the shares of one company, two declined, and the number of traded shares of services sector 8 million shares worth over 28 million were achieved through the implementation of the 31 trading contract.

The insurance sector saw trading in shares of one company, its stock prices dropped, and the number of shares traded in the insurance sector million shares worth over million dinars achieved through implementation of 5 contracts traded.

The telecom sector also saw the company’s shares trading only, prices of shares, exceeded the number of shares outstanding of 21 million shares worth over 400 million were achieved through the implementation of the 13 contract trading.

The agriculture sector saw trading in shares of the two companies, their prices fell and the number of shares traded in the agriculture sector 2 million shares worth more than 20 million were achieved through the implementation of the 19 trading contract.

It was the implementation of a contract for the purchase of 50 non-Iraqi investors in banking sectors and services, industry and communications, the implementation of 13 held in industry and service sectors. Finished

LINK

 

7. 21. 13
Iraq’s banking sector is poised for significant earning and asset growth over the next decade, according to a new report released by Sansar Capital Management LLC.
The IMF forecasts Iraq’s GDP to grow by 9 per cent this year — driven by a strong macro environment, increasing credit penetration and the improving security situation in the country. The banking sector, in particular, is expected to maintain a steady growth over the next few years.
The Sansar Capital’s report points out that rising credit penetration is also expected to further stimulate the growth inthe banking sector. The report cites a World Bank study which shows that Iraqi domestic credit to GDP stood at a mere 9 per cent of GDP at the end of 2011 as compared to a 55 per cent of GDP average for the Middle East and North Africa (MENA) region.
Domestic credit to GDP grew at a clip of 89 per cent CAGR between 2009 and 2011. Moreover, according to Central Bank of Iraq data, cash credit, such as loans and overdraft facilities, have grown at an impressive CAGR of 50 per cent from 2006-11.
The detailed report analyses the Iraqi private banking sector through the perspective of five of the country’s largest private banks by deposit.
The report reveals that supported by the strong economic growth and rising credit penetration, these five banks saw their aggregate net income grow by 207 per cent between 2010-12. Dilution driven by increases in equity capital resulted in earnings-per-share growth to be lower but still impressive with an aggregate EPS growth of 111 per cent from 2010-12.
The report highlights how banks with the highest return-on-equity (ROE) and growth profiles trade at the lowest valuation — an odd idiosyncrasy in the Iraqi markets. Sansar believes that this is an example of market inefficiency, which provides opportunities for those paying attention.
The reportalso closely examines the financial statements of the Iraqi banks and demonstrates that adjusted underlying profitability and return-on-equity for these banks significantly exceeds the reported numbers with some banks approaching 60 per cent underlying ROEs.
The Iraqi Middle East Investment Bank, the third largest publicly traded bank in terms of deposits, performed well in the past few years, having been able to attract large sums of quality deposits at very low interest rates. In 2012, Iraqi Middle East Investment Bank had the highest return-on-equity and the highest operating profits growth among the large Iraqi banks. Since 2009, the bank profit before taxes have grown by 330 per cent, a CAGR of 63 per cent.
According to the report, the growth in Iraq’s banking sector earnings and GDP —which IEA forecasts will grow 151 per cent between 2011 and 2020, driven by the country’s increasing oil revenues, go hand-in-hand with the improving security situation in the country. As violence declined by over 80 per cent between 2006-12, Iraqis in many parts of the country enjoyed relative calm and stability.
However, despite the impressive growth, Iraqi private banks will have to overcome some important challenges if they are to continue their growth at the excellent pace witnessed over the last five years.
Accessibility is among the biggest challenges facing the country’s banking industry. Access to bank branches or ATM machines remains highly limited to the general Iraqi population. There are approximately 900 bank branches covering a population of 33 million Iraqis equating to just one branch serving 36,000 individuals.
The trust issueOther challenges include an uneven playing field enjoyed by the state-owned banks and a general mistrust of the banking system.
This problem is further exasperated by the lack of any deposit insurance institutions that would guarantee the return of customers’ deposits in the event of a bank failure.
The report also raises some concerns regarding corporate governance and transparency at some banks.   In the example of North Bank, it highlights how audit and financial concerns raised by the accountants in the Arabic reports were missing from the English translated reports provided by the bank.
“Iraq’s banking sector, though certainly on the growth path, is not without its share of challenges. However, what is important to note is that all the challenges and hurdles can be overcome, especially with the combined efforts of the government and private sector.
In particular, we believe that the private sector can help improve accessibility to branch networks and services while the government can help level the playing field between the state-owned and private sector banks. Of course, gaining the trust of the population would require efforts from both sides,” said Sanjay Motwani, president of Sansar Capital.
The report pointed out that Iraqi banks generate large sums of their revenue and profits from trade-financing related activities.
For the year 2011, commissions driven by trade-financing related activities (wire transfers, letters of credit, FX spreads) accounted for a range of 28 per cent to 83 per cent of net revenues for the four largest ‘traditional’ banks. Traditional lending activities, such as, net interest income on loans became the second largest contributor of revenue for the four largest banks, by deposits generating 13 per cent to 49 per cent of net revenues from these activities.
The Sansar Capital report concludes that while the mix of an improving macro environment and security situation offer attractive investment ingredients in Iraq, many challenges remain for those interested in participating through public markets. In such an environment, investors are cautioned to carry out extensive due-diligence, including having on the ground presence in the country.
ameinfo. com

7. 21. 13
Took the Association of Iraqi private banks, the central bank note of the fact that some private banks to reduce the cash dollar exchange rate to 1180 dinars.
An informed source said on Friday, said, “This reduction in the exchange rate will be effective from the next day on Sunday 21 July 2013. ”
The Central Bank hold daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays in which the Bank stops for these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a certain commission.
iraqdirectory. com

7. 21. 13
Yasser incumbent succeeded Association of Iraqi private banks in Iraq to pull the rug out from under those who tried to harm the reputation of banks Iraqi special purpose Aobdon inadvertently untapped opportunity crisis, the central bank and its repercussions, which dropped بتبعيتها the new administration culminated in creating a gap between them and the banks are confused reforms, the new and make it wandering in Aqrarart and swift action to be overlooked.
were economic morning has dealt with the crisis contrived calmly and was keen to clear the atmosphere and make the path of reform and processors are going in full swing after that acknowledged the central bank governor Abdul Basit Turki at the time that a lot of votes that drew criticism of the monetary policy come from non-owners jurisdiction rendering the insult to injury and said we hear proposals from owners of expertise and competence of economists فاستثمرت economic morning this view and entered initiative called through central hear the opinion of private banks procedures before they are imposed or approval and knowledge of the possibility of implementation of whether or not that is dealing with the banks on the grounds that Shepherd has been the response of the central thankfully taking this proposal culminated things to bridge the gap and the return of the proper relationship what led to the successes recorded to a central processing bottleneck exchange market Iraqi Tzbzbath Here is the dollar fails due to inclusion.
but new on the subject from my perspective as an observer that this developments managed bond investment to sit at the table working breakfast with the participation of all government and private banks and turned the meeting to assess a broad and large two policies of monetary and fiscal reach conferees to convictions of the importance of joint action and create partnerships targeted between the government and private banks were issued from the platform session proposals lead to a real contribution to the development and economic reform required.
should be noted that the recent successes Association was the result the role played by a member of the Association Handal and arm Shirvan in to pick up the role of the Association in coordination with the President Chalabi and CEO Goldfinch Falt results to be corrected in the target.
has managed these national efforts restore power to the Iraqi dinar to يتسيد currency and our hope large policy of the new administration of the Central Bank and in cooperation with banks to return to the chart that was drawn by the old administration in the delivery of the dollar exchange rate to 100 dinars, offset by $ 100 as a target gradually Aln crisis, which provoked the timely and regional conditions have prevented the goal wiping Atarepettzbzbat continuous deported to achieve goal, and now ترتسم front of me a clear picture to revive this goal through such constructive cooperation to become the value of the Iraqi dinar equivalent U. S. dollars and this goal is not far away if we let the owners of jurisdiction working together without confuse statements are not a competent by some.
these dreams may seem difficult to achieve, but I tell if accompanied by our actions selfless This is not  We hope a large private banks and government to follow the procedures for the central bank and executed via discussed together and to other successes in order to achieve the target because the Iraqi economy is strong and pick it used to be Tiger’s seventh potential large in Iraq and that you need to manage a sound and efficient This is not Besab Obaid of reach.
alsabaah. iq

Are there currency dinar really?   21 July 2013

The Association of private banks had succeeded in Iraq pulling the rug out from under those who tried to damage the reputation of the Iraqi private banks with the intention of taking advantage of an opportunity without or with view to the bank crisis and its repercussions and that dependence on the new administration,

led to the creation of a gap between them and the banks what befuddled new reforms and make them wallow in resolutions and swift action not benefiting. and the economic crisis have dealt with morning open-ended

Working GroupDone calmly and carefully to clear the air and make the reform process and processors going in full swing after the Central Bank Governor Abdel Basset Turki on time that much of the criticism sounds for monetary policy coming from non-professionals,

Read More Link On Right

  insult and hear proposals from experienced and competent economists, economic invested a this morning and entered the initiative which called for the Central sView banks in action before they are imposed or approved

and find out whether or not can be implemented and that the deal with banks on the basis that a sponsor has been the Central response to this laudable proposal led to closing the gap return correct relationship led to successes register for central processing throttling Iraqi exchange market and its further ups the dollar fails to include it,

but our new theme From my perspective as an observer that these developments had League invested sit at a table working breakfast with the participation of all Government and private banks,

the meeting turned into a broad assessment and Chief of the monetary and financial policies reached by the meeting to the convictions of the importance of joint action and create meaningful partnerships between Government and private banks and issued a platform meeting proposals lead to a real contribution to development and economic reform must be requested.

Noted that the Association’s recent successes were the result of the role played by the bitter melon and arm Member sherwan in picking up the role of the Association in coordination with the Chairman and CEO of Chalabi goldfinch Falt results corrected on target.

these national efforts have managed to restore power to the Iraqi dinar currency predominated and we hope the new management policy for the Central Bank in cooperation with banks returning to the Plan drawn by the old management in the delivery of the dollar exchange rate to 100 dinars,

offset by $ 100 as a progressive but the crisis provoked in time and circumstances have prevented the regional goal, lost aldolarbtzebzabat continuous distance goal,

and now I clearly awaken to revive this goal through such constructive cooperation to become the value of the Iraqi dinar equivalent of us $ and this goal is not far if we let special Jurisdiction would work together without their confusion is not a competence of the statements by the other.

these dreams may seem difficult but achievable if our actions were accompanied by selflessness is not difficult and the hope of the Government and private banks to follow procedures and implementation across the Central Bank discussed together and to other successes to achieve the goal of the Iraqi economy robust and reliable to be Tiger VII to great potential in Iraq and requiring sound management and efficient and this is not difficult aubaid elusive.  © Al Sabaah 2013   LINK

Kaperoni;  It seems to me he is saying he hopes the new CBI management (Turki) floats the dinar according to the old CBI (Shabibi’s) plan to equal 1 to $1.

Terry:  Yep, thats what I was thinking also.

Tripphood:         I thought Shabibi’s plan was a intro rate of 1:1.?

Timsters:             im totally confused now .. kap where did it say float to you in that art.?  or is your thinking that shabbs last plan was to float it . i always thought his plan was to remove the zeros and get it close to 1 to 1 then float it.   tim

KellySue:  Nice :) Thank you Kap!!  Blessings to you everyday!!

Tripphood;         Timsters, I believe that Kap is getting float from the word progressive but I’m with you, Shabibi’s plan was a 1:1.

mok45:                I also like this line, “and now I clearly awaken to revive this goal through such constructive cooperation to become the value of the Iraqi dinar equivalent of us $ and this goal is not far if we let special Jurisdiction would work together ”    Dinar equal to the Dollar!

Timsters:             man i bet these guys have to have a conversation and a meeting about going to the bath room .then they have to vote on it 3 times before they finnally go … oh and almost forgot post it in the gazzett.   ATTENTION MALIKI HAS TO TAKE A LEEKIE  :P    tim

Boomer911:  Mok45, That’s the line that jumped out at me too. Pretty clear to me that he’s saying 1:1…..but how they get there, a float or RV is unclear.We’re winners either way!

Tomceejay:        Sure sounds to me like they are saying 1-1 out of the shoot then progressive, or float from there.

Tlar:       This is an interesting article. The Association of independent banks having just decided to sell the dinar at 1180. Their costs at auction are 1166 for the program rate and 13 dinars for the CBI commission, meaning their costs are 1179 dinars per US dollar.

 This means that the member banks will only make a profit of 1 dinar on each dollar they sell. They have made this commitment so as to assist the CBI in bringing these two rates (program and street) back to the international standard.

Turki met with these banks in the last week probably selling his program to delete the zeros as he has done with both the Economic and Finance Committee.

To these independent banks there is a lot at stake. If the CBI deletes the zeros money will begin to flow and people should start to use the banks again. So it is to their advantage that these banks temporarily help to bring these rates together so the bank can possibly raise the value if that is their plan.

These independent banks are for profit banks and would not unanimously suspend their profits for patriotism unless they saw a benefit to themselves.

 Kap, this paragraph says something entirely different to me than your interpretation. I would like to break it down sentence by sentence giving you my thoughts.

Here is the entire paragraph,

“we hope the new management policy for the Central Bank in cooperation with banks returning to the Plan drawn by the old management in the delivery of the dollar exchange rate to 100 dinars, offset by $ 100 as a progressive but the crisis provoked in time and circumstances have prevented the regional goal, lost aldolarbtzebzabat continuous distance goal, and now I clearly awaken to revive this goal through such constructive cooperation to become the value of the Iraqi dinar equivalent of us $ and this goal is not far if we let special Jurisdiction would work together without their confusion is not a competence of the statements by the other. these dreams may seem difficult but achievable if our actions were accompanied by selflessness is not difficult and the hope of the Government and private banks to follow”

First part: — my comment is in parenthesis following the sentence.

 “we hope the new management policy for the Central Bank in cooperation with banks returning to the Plan drawn by the old management in the delivery of the dollar exchange rate to 100 dinars, offset by $ 100 as a progressive

 Tlar:  (Although it is not entirely clear I see this sentence saying return to the old Shabibi plan of 1 to 1. The sentence goes on to add that 100 dinars will be offset by $100.00 dollars. Kap maybe you can have you interpreter look at this sentence and give us some incite.)

 Second part

 “but the crisis provoked in time and circumstances have prevented the regional goal, lost aldolarbtzebzabat continuous distance goal, and now I clearly awaken to revive this goal through such constructive cooperation to become the value of the Iraqi dinar equivalent of us $ and this goal is not far if we let special Jurisdiction would work together without their confusion is not a competence of the statements by the other.”

 Tlar:  (This part is easier to understand. I see this as saying if we all work together toward this common goal without dissension and confusion, we can achieve the goal of 1 to 1. More importantly, the Association of independent Iraqi banks is implying that they are on board and is assisting in this endeavor by a selfless act of selling dollars at 1180 dinars and that both the government banks and bank not in the association showed follow suit)

  I see this as a notch for RV not float. These independent banks will do this for only a little while. If they don’t see others fall in line and cooperate shortly, and they see no movement on the dinar as an end result, they will have to revert back to making money.

These banks struggle as it is. By giving up the profits on foreign currency sales, they effectively have shot themselves in the foot. They will rush back to selling the dollar higher than the program rate if they don’t see quick cooperation from all involved and something done with the exchange rate. These banks have to make money. That’s the bottom line.

Editorial: Are prevail dinar currency Really?
07/21/2013 12:00 AM
Yasser incumbent
succeeded Association of Iraqi private banks in Iraq to pull the rug out from under those who tried to harm the reputation of banks Iraqi special purpose Aobdon inadvertently untapped opportunity crisis, the central bank and its repercussions, which dropped بتبعيتها the new administration culminated in creating a gap between them and the banks are confused reforms, the new and make it wandering in Aqrarart and swift action to be overlooked.
were economic morning has dealt with the crisis contrived calmly and was keen to clear the atmosphere and make the path of reform and processors are going in full swing after that acknowledged the central bank governor Abdul Basit Turki at the time that a lot of votes that drew criticism of the monetary policy come from non-owners jurisdiction rendering the insult to injury and said we hear proposals from owners of expertise and competence of economists فاستثمرت economic morning this view and entered initiative called through central hear the opinion of private banks procedures before they are imposed or approval and knowledge of the possibility of implementation of whether or not that is dealing with the banks on the grounds that Shepherd has been the response of the central thankfully taking this proposal culminated things to bridge the gap and the return of the proper relationship what led to the successes recorded to a central processing bottleneck exchange market Iraqi Tzbzbath Here is the dollar fails due to inclusion.
but new on the subject from my perspective as an observer that this developments managed bond investment to sit at the table working breakfast with the participation of all government and private banks and turned the meeting to assess a broad and large two policies of monetary and fiscal reach conferees to convictions of the importance of joint action and create partnerships targeted between the government and private banks were issued from the platform session proposals lead to a real contribution to the development and economic reform required.
should be noted that the recent successes Association was the result the role played by a member of the Association Handal and arm Shirvan in to pick up the role of the Association in coordination with the President Chalabi and CEO Goldfinch Falt results to be corrected in the target.
has managed these national efforts restore power to the Iraqi dinar to يتسيد currency and our hope large policy of the new administration of the Central Bank and in cooperation with banks to return to the chart that was drawn by the old administration in the delivery of the dollar exchange rate to 100 dinars, offset by $ 100 as a target gradually Aln crisis, which provoked the timely and regional conditions have prevented the goal wiping Atarepettzbzbat continuous deported to achieve goal, and now ترتسم front of me a clear picture to revive this goal through such constructive cooperation to become the value of the Iraqi dinar equivalent U. S. dollars and this goal is not far away if we let the owners of jurisdiction working together without confuse statements are not a competent by some.
these dreams may seem difficult to achieve, but I tell if accompanied by our actions selfless This is not بالصعب We hope a large private banks and government to follow the procedures for the central bank and executed via discussed together and to other successes in order to achieve the target because the Iraqi economy is strong and pick it used to be Tiger’s seventh potential large in Iraq and that you need to manage a sound and efficient This is not Besab Obaid of

21-07-2013 01:07 PM
Baghdad (newsletter). Anticipating Financial Committee member MP/Kurdistan blocs Coalition/Jimmy, Iraqi dinar exchange rate improved significantly against the US dollar after the action taken by the Central Bank of Iraq and of the provisions of Chapter VII.
He said capable (News Agency): that the Central Bank would take new procedures and controls which supports the stability of the Iraqi dinar exchange rate against the US dollar, which would be a correction of errors that occurred during the past period and the Bank that led to the relatively low price of the dinar.
He added: the departure of Iraq from Chapter VII of the UN contribute significantly to support the dinar exchange rate because it will stimulate trade and economic movement of the country with various countries of the world so it will reflect positively on the dinar exchange rate against foreign currencies.
The Central Bank announced its intention to adopt new procedures and controls for the sale of hard currency to support and stabilize the Iraqi dinar exchange rate against the US dollar.
Saw the Iraqi dinar exchange rate sharply in the past months, born great confusion in the local

07/21/2013 12:00 AM
Includes international experts from countries successful experiences
suggested an economic advisor to Mjelbs National Business Iraqi formation of an advisory board top is developing the economic policies of the country in coordination with the Ministry of Planning and Development Cooperation featuring international experts who succeeded their countries, which resembled a country’s circumstances and Amkanth economic, pointing out that the situation in Iraq is unlikely plans are inaccurate and should be the adoption of expertise and international consultancy in this regard.
chancellor said Daoud Abdel Zair in answering a question (morning) on the ratios low in the implementation of the plans set for the country that planning is the lifeblood of economic development in all countries of the developed world , for its active role in determining the development paths across invest the money in accordance with the requirements of cities and regions and the high level of transparency that leads to the completion of an effective and integrated projects contained in the plan stomach whether short, medium or long term.
, and pointed out that the local economy needs to develop a detailed planning and Aalah of great significance, pointing out that the country’s budget is huge and need international experience to manage the planning process governing trails projects according to the actual need of cities and the local economy. international experts and stressed the importance of the formation of an advisory council top of the economic policy of the country Baltsik with the Ministry of Planning and Development Cooperation, is managed by international experts in countries with successful experiences, indicating the importance of this step where adoption experts in the countries succeeded in the sectors we did not achieve success in, stressing the importance that there should be coordination between the Council and the Ministry of Planning and Development Cooperation to invest financial resources properly, which serves the country’s economy and citizens.
transfer of international experiences He could be heading towards countries succeeded in activating and development of economic sectors and services, where they can benefit from the experience of Malaysia as well as South Korea’s first in the construction and reconstruction and the second in the process of setting up the highways, and other countries all in the sector who specialize in it, pointing to the possibility of the use of the team in those countries to invest to serve the sector concerned.
losses unforeseen He pointed out that the country is cut off from the world for a long time seen through the planning major development we desperately need to acquire such developments to compensate for what we missed, indicating that the electricity sector, for example, needs a planning process on a global level and here comes the role of the careful planning that takes into account the location of stations type of fuel near the site, as is the study of wind direction and type, soil type and environmental impacts, pointing out that relying on generators civil longer economic loss unforeseen. plans obligation issued by the Council and pointed out that the large sums spent must be included in the plans obligation issued by the proposed council, because the country exceeded its budget (113) billion dollars needed to expand into the experiences of planning that must be placed in accordance with rigorous studies.
Which requires competencies International Planning that contribute actively to the creation of real projects on the ground chime and requirements of life. universities worldwide , he said proper planning must return economic life through activation of agricultural production, for example, construction, reconstruction and other vital areas, and can take advantage of international experiences in this field.
He suggested Zair that there will be a tendency to view the five-year plan by international experts or international universities specialized scrutiny before approval, noting that this measure comes to the purpose of creating economic sectors real play their role as serving the citizens in all disciplines, without exception. experience of Kurdistan and pointed out importance of benefiting from the experience of Kurdistan in the field of investment and employment as well as planning, because there are successes achieved in this experiment, which is as close as possible and within the country, and between that work during the coming period must walking directions serve the country’s economy, and that by bypassing the mistakes of the previous phase which carried the country’s heavy load because of the lack of adoption plans successful promote economy both its production and service.
communicate with the world and said the trend towards international expertise is adopted by most regional countries and achieved great success, with the adoption of international experience in the detailed a high degree of civil first in the field of planning and selection of the best of plans that fit the reality of work in the country concerned, and here can Nacher great successes of those States, and detailed the second training of local talent at the hands of international experts here can industry experience local specifications international, so they can achieve economic feasibility and multiply and get operations planning and execution to international specifications.
Then you are relying on the expertise of local qualifying with a fee policy communicate with the world to stand up when the global developments in this area. gain experience and concluded Zair saying: that communication with the world is extremely important, especially in the field of scholarship that should be the best edifices science International which could supply the country with a wealth of human اتختلف from their counterparts in the world, stressing that this approach would work to bring world attention towards the Iraqi expertise that could gain new and evolving better than others, especially as the country in dire need of such action would achieve the economic viability of all sectors and develop the production of the various joints, as well as the services sector, which suffers is the other obvious