Washington unveils goal of US defense secretary’s visit to Baghdad
2/12/2019

(International: Al Furat News) US Defense Secretary Patrick Chanahan arrived in Baghdad on Tuesday for an undeclared visit.


The US State Department said the visit "aims to emphasize the importance of Iraq’s sovereignty and discuss the future of US forces there."

The visit comes after US President Donald Trump said this month that the US presence was needed to monitor Iran.

On his first visit to Iraq, Chanahan planned to discuss the withdrawal of US troops from Syria with US commanders and meet with Iraqi officials, including Prime Minister Adel Abdul Mahdi.

http://alforatnews.com/modules/news/…storyid=188086

Kuwait signs agreement to grant $ 85 million for reconstruction of Iraq
2/12/2019

The Kuwait Fund for Arab Economic Development (Hukoomi) has signed a $ 85 million grant agreement with the Fund for Reconstruction of Areas Affected by Terrorist Operations in Iraq.

A statement by the Kuwait Fund, reported by the Anatolia Agency, said on Tuesday that the agreement is part of the $ 100 million total grant announced by Kuwait during the donor conference to support Iraq and contribute to humanitarian coverage in February of 2018.

He pointed out that the funds to be disbursed are aimed at establishing new projects that include the construction, rehabilitation and equipping of 32 health centers and hospitals distributed to the affected governorates, as well as civil, architectural and electrical works.

Kuwait has already provided 3 loans to finance projects in the energy, industry and education sectors with a total of 30 million dinars ($ 98 million) in addition to managing four grants for social sector projects worth 87 million dinars (about 286 million dollars).

In February 2018, Kuwait hosted the Iraq Reconstruction Conference, through which donor countries donated $ 30 billion in reconstruction and reconstruction, but the Iraqi government confirms that what it has actually received is Kuwaiti aid.

Last year, the Iraqi government estimated the actual need to rebuild the country at $ 88.2 billion over 10 years.

Infrastructure in the northern and western provinces has been badly damaged over three years of fighting between the Iraqi forces and the Daash organization, which seized control of a third of the country’s territory in mid-2014, before taking it out of the organization by the end of 2017.

https://www.albawaba.com/ar/%D8%A3%D…%D8%B1-1251542

Justice announces the publication of the budget of 2019 Iraqi newspaper facts
2/11/2019

The Ministry of Justice announced on Monday the issuance of the new issue of the Iraqi Gazette No. (4529) on the Federal Budget Law No. 1 of 2019 approved by the House of Representatives and approved by the President of the Republic.


The Director General of the Iraqi Facts Department Kamel Amin Hashim said in a statement received by Alsumaria News, a copy of it, "the budget law to ensure the transfer of money from some ministries to the liberated provinces and the province of Basra and detailed sentences in terms of spending, investment and loans,"


noting that "the law included the request of the Council The Ministry of Electricity, as well as continuing to grant staff five-year leave and the introduction of grades for the popular mobilization and tribal mobilization. "


"The number also includes the law banning the importation of food products, as well as agricultural products that have a similar local product, according to the agricultural calendar," he added.


The Iraqi fact sheet included the details of the budget and its adjustments for the current year 2019.

https://www.alsumaria.tv/news/260501…D9%8A%D8%A9/ar

Parliamentary Finance Committee: Parliament commits the government not to go to external borrowing
2/11/2019

The Parliamentary Finance Committee said on Monday that the House of Representatives has committed the current government not to go towards external borrowing to fill the fiscal deficit in the federal budget for 2019 to curb the rise of external debt of the country, while confirmed that it will resort to domestic borrowing in case of falling price of selling oil below $ 50.

"The government informed us that the price of oil will rise during the next month to approximately $ 65 a barrel, according to economic study," pointing out that "the expected increase will be exploited to fill the shortage of previous months a T suffered a drop in oil prices below $ 50.

" She added that "the House of Representatives committed the current government after going to external borrowing to fill the fiscal deficit in the federal budget for 2019 because of the rise of external debt of the country and prevent the fatigue of the government benefits of external loans,"

indicating that "the government is entitled only to gold to domestic borrowing to fill the financial deficit In the event of a drop in the price of selling oil below the $ 50 in the coming months.

"The economic expert Majid al-Suri, the first Saturday, that the federal budget for 2019 wrongly according to political and regional quotas and free from economic planning, between the sale of oil barrels by 50 Will bring the country to a new financial deficit of $ 8 billion to $ 400 million a year.

http://alahadnews.net/index.php/permalink/142145.html

Director of studies and operations in the Bank of Rashid Abdul-Muttalib Abdul Jalil to (Tigris): raising zeros reduces the monetary mass and needs a decision from the top

02-06-2019 05:13 PM

The director of studies and operations in the bank Rashid Abdul Muttalib Abdul Jalil said in a statement to (Tigris) that raising zeros reduces the monetary mass and continued that the adoption of this resolution needs to be the decision of higher bodies and not the Central Iraqi Bank.

The Abdul Jalil details misled by the media, including what remarks on the Rasheed Bank wondering who are those bodies that have been spotted.

He added that Al-Rasheed Bank offers banking facilities in the discount and overdraft, explaining that the subject of the sponsor is not as is customary, but he only signs the bill of interest for the first six months.

He pointed out that the housing loans come in two forms, first of which is the liberated areas, which the government required to contribute to the reconstruction of liberated areas and was distributed between the bank of Rashid and Rafidain Anbar, Ninewa, Diyala and Salahuddin.

He pointed out that the 30 million advance is exempted from interest in the first five and five years and bears a benefit of seven percent.

Kavsha said that the loans of employees depend on the amount of salary and range from 5-10 million dinars. Abdul Jalil added that the loans of small projects up to 50 million dinars maximum.

Stressing the cancellation of the mortgage and replaced by a bail in granting loans and continued interest in the bank is less than other banks or parallel to them.

Abdul Jalil announced the advantages in the Rasheed Bank, where he fired a master cadre of palm to pay the salaries of employees owned by the bank and not contracted with companies and denied the cut of 21 thousand for the payment of salaries exaggerated and not true, but a free service to encourage people on the electronic card.

He added that the payment of salaries through the system of electronic clearing does not delay one day, unless there is a technical defect in communications.

Abdul Jalil pointed out that the Rasheed Bank is heading towards the implementation of the comprehensive electronic system, which protects the customer with an international number, stressing that the commission issuing MasterCard card in the bank Rashid only 10 thousand dinars.

http://www.dijlah.tv

Integrity: seized two cases of nearly six billion dinars at the Agricultural Bank in Maysan
2/10/2019

The Department of Investigation of the Integrity Commission, on Sunday, seized the priorities of the purchase of two accounts in the Agricultural Bank in Maysan province , indicating that the two bills worth more than five and a half billion dinars.

The department said in a statement received by Alsumaria News a copy of it, "A team from the Office of Investigation Maysan of the Commission moved to the Agricultural Bank, was able to control the priorities of the purchase of the two cases that have been transferred to a branch of government banks in Baghdad."


She explained that "the preliminary investigations conducted by the team led to the disclosure that the two accounts worth (5,680,000,000) billion dinars," indicating that "one of them forged, and the other procedures were issued contrary to the instructions in force."

The Department added that "a record of the seizure of assets seized with the seized prerogatives and presented to the competent investigating judge to take appropriate legal action."

https://www.alsumaria.tv/news/260430…D8%A7%D9%84/ar

The Central Bank announces the reduction of the letter of guarantee and fees of supervision and follow-up
2/10/2019



– The Central Bank of Iraq (CBE) on Sunday announced a reduction in the ratio of letters of guarantee and supervision fees to companies that mediate the sale and purchase of foreign currencies.


The bank said in a statement received by Alsumaria News that "based on the decision of the Board of Directors of the bank, it was decided to reduce the proportion of the letter of guarantee provided by the companies to mediate the sale and purchase of foreign currencies to become 10% of the capital company instead of 50% and the amount of 50 million Dinars instead of 100 million dinars. "


The bank added that "the fees of supervision and follow-up has also been reduced to 500 thousand dinars instead of one million dinars, and the final audit fees have been reduced to 250 thousand dinars instead of 500 thousand dinars."


The Central Bank of Iraq was establ ished as an independent bank under its law of March 6, 2004, as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.

https://www.alsumaria.tv/news/260431…D8%A7%D9%84/ar

America wants to enter the Iraqi market

2/10/2019

(Baghdad: Al-Furat News) The economic attaché of the US Embassy in Baghdad John Staples expressed his country’s desire to enter the Iraqi market strongly.


A statement by the Iraqi Ministry of Industry that Staples and during his meeting with the technical agent of the Ministry of Industry and Minerals Adel Karim between his country’s desire to enter strongly into the Iraqi market and directed to encourage US companies to work in Iraq to transfer technology and exchange of experiences to promote the Iraqi industrial reality in all sectors, especially the petrochemical sector and fertilizers.

The statement pointed out that the meeting dealt with the review and discussion of the industrial reality in Iraq and highlighted the problems and obstacles facing the Iraqi industry and ways to develop them.

The meeting also discussed the laws of product protection and investment law.

He added that the Undersecretary of the Ministry stressed that Iraq needs to transfer and exchange experiences with international companies to promote the Iraqi industry, reviewing the most important investment opportunities available in a number of industrial sectors

and indicating what laws and regulations in force in Iraq to support the industrial sector and support partnership with the private sector Arab and foreign for the purpose of establishing projects contribute In pushing forward development in Iraq.

http://alforatnews.com/modules/news/…storyid=187832

America wants to enter the Iraqi market

2/10/2019

(Baghdad: Al-Furat News) The economic attaché of the US Embassy in Baghdad John Staples expressed his country’s desire to enter the Iraqi market strongly.


A statement by the Iraqi Ministry of Industry that Staples and during his meeting with the technical agent of the Ministry of Industry and Minerals Adel Karim between his country’s desire to enter strongly into the Iraqi market and directed to encourage US companies to work in Iraq to transfer technology and exchange of experiences to promote the Iraqi industrial reality in all sectors, especially the petrochemical sector and fertilizers.

The statement pointed out that the meeting dealt with the review and discussion of the industrial reality in Iraq and highlighted the problems and obstacles facing the Iraqi industry and ways to develop them.

The meeting also discussed the laws of product protection and investment law.

He added that the Undersecretary of the Ministry stressed that Iraq needs to transfer and exchange experiences with international companies to promote the Iraqi industry, reviewing the most important investment opportunities available in a number of industrial sectors

and indicating what laws and regulations in force in Iraq to support the industrial sector and support partnership with the private sector Arab and foreign for the purpose of establishing projects contribute In pushing forward development in Iraq.

http://alforatnews.com/modules/news/…storyid=187832

The opening of a new branch of the Industrial Bank in Baghdad

2/10/2019


(Baghdad: Al Furat News) The Secretariat of the Council of Ministers announced on Sunday, the opening of a new branch of the Industrial Bank near the building of the Electoral Commission in Baghdad, to facilitate banking procedures.


The Secretariat said in a statement received by the agency {Euphrates News} a copy of it, "the Secretary-General of the Council of Ministers Mahdi Alalak, opened a branch of the Industrial Bank near the building of the Electoral Commission."

He stressed the importance of "the importance of banking expansion in providing services to citizens in light of the government’s trend towards the advancement of economic reality in the country and investment initiative of the Central Bank in facilitating banking and lending."

For his part, the Bank’s General Manager Bilal Sabah Hussein said, "The opening of the new branch comes to introduce electronic tools in the provision of its services in line with the development in the banking industry."

He explained that the new branch "will contribute to the process of settling salaries of state employees of the departments that fall within the scope of its work, through cards issued by the bank, which contributes to reducing the total cost of the process of paying salaries and keep cash within the banking system."

It is noteworthy that the Industrial Bank is one of the banks contributing to the process of settling the salaries of employees announced by the Central Bank of Iraq earlier

http://alforatnews.com/modules/news/…storyid=187874