Specialists: the need to balance the import and local production

5/16/2018

rely on national production to reduce imports and provide funds for construction and reconstruction is one of the requirements of the next economic phase of Iraq, as finding a balance between the import and national production represents the most successful ways to implement the law of protection of products No. 11 of 2010, especially that the industrial sector in general began to regain He gradually recovered.

According to those concerned with economic affairs, all ministries in their sectors are responsible for putting an end to the indiscriminate importation and dumping of goods in Iraq, although some factories of the Ministry of Industry are witnessing their production equipment, but they are capable of filling part of the requirements of the local market.

Competition importer
The academic economist d. Issam Mohammed that "the Vegetable Oil Company, for example, produces different types of detergents of good specifications and quality, but it is witnessing strong competition from their imported counterparts, which necessitates addressing this phenomenon, which would support the national industry,"

calling for the need to balance the import with production which would provide a lot of money needed for Iraq reconstruction and the reconstruction of the cities affected by terrorism. "

the private sector laboratories capable of producing some goods that are imported now , but these factories face a real problem of electric power , which represents a hub of the competition not represented Cart between them and the importer.

For her part , said economic researcher Lubna Al Shammari: " The market is starting to see the emergence of national food products , particularly those appearing , but this is not the level of ambition, because it does not meet the needs of the public ‘s thirst for national production."

She pointed out that the private sector companies enjoy a good reputation because their production holds a privilege for international companies known in various fields and disciplines. .

A source in the import department of the General Company for Exhibitions and Commercial Services explained earlier to the "morning" the difficulty of providing a study of materials that can be produced locally rather than imported, stressing that "the success of this study depends on the ministries and sectors concerned to provide the company accurate studies on the need and absorption market Of the materials falling within its competence for the purpose of balancing national production and
importation. "

He pointed out that "coordination between the company and the Ministry of Agriculture in the field of food and agricultural imports as the sectoral body responsible for that, indicating that it has statistics on local production and also has an agricultural calendar to prevent the import of some materials produced locally."

He pointed out that "this coordination has resulted in self-sufficiency of some seasonal agricultural crops, which is reflected positively on the national economy in general, calling on other sectoral ministries to follow the Ministry of Agriculture in this direction to promote stability in the local market and to find a stable and stable budget to know the needs of the market and what can be produced locally And to compensate for the shortage of imports. "
In 2016,

the Public Company for Exhibitions and Commercial Services issued a list of banned items for consumer protection, while an economist called for expanding this list to include all materials that could be manufactured and produced domestically, limiting the flow of money to unnecessary imports.

He called the academic economist d. Majid al-Bidhani to expand the list to include all that can be produced inside Iraq, which is the supreme economic interest of the country.

And the need to expand the list of articles prohibited to import according to the controls and studies carried out by a specialized team of the relevant sectoral ministries to determine what can actually be produced and what is difficult or can not be produced is compensated by the imported standard.

He pointed out that the economy of Iraq suffered greatly from the waste of money on the import of luxury, which requires speeding the review of this file to reduce the exit of funds, indicating the importance of directing productive investments in the sectors of industry and agriculture because the market absorbs their production and also are able to achieve a large proportion of self-sufficiency .

http://www.alsabaah.iq/ArticleShow.aspx?ID=157182

By Elena Kornienko.

Once upon a time, there lived a widow woman and her son, Jack, on their small farm in the country. Every day, Jack would help his mother with the chores — chopping the wood, weeding the garden and milking the cow. 

But despite all their hard work, Jack and his mother were very poor with barely enough money to keep themselves fed. And one day he was told by his mother to go and sell their cow and use the money to buy seeds to plant a good crop. On his way to the market he met a man who offered to buy the cow for three magic beans.

The boy did this deal, however his mother got very upset that he brought home only three beans…. Long story short, the magic happened and this family started making money and had a decent living. Fairy tale, right? We have been raised by so many stories like that, but did we relate any of them to our adult lives? Just last week I felt like this boy planting the magic seeds. The seeds of knowledge. The seeds to grow the expertise of local Iraqi companies which work with international oil companies (IOCs).

It’s no secret that upon completion of any tender exercise, most of the bidders do not get any feedback from Procurement team on what made them loose that contract. And in most of the cases it is not price, but the technical proposal itself. Even having all capabilities to perform services, most of the contractors struggle to understand how to put their proposals in the best way.

And Iraq, unfortunately, is not unique in that. It is a common situation that Procurement departments are detached from their bidders and contractors. Some of IOCs run workshops on understanding their specific requirements in tenders and systems, however what is still missing in the industry is a good education system for local contractors on requirements to tenders from IOCs.

Last week, 10th April 2018, the first training in Iraq on tendering skills for oil and gas contractors took place in Basra, which was run independently from IOCs. It was specifically dedicated to local Iraqi companies and all participants got to benefit from learning what exactly is happening in Procurement teams of IOCs operating in Iraq and what makes bids win the contracts.

It was the biggest surprise to all participants that 70 percent of bids do not even make through the technical evaluation, and Procurement teams do not even get to see their prices! And while this training was a matter of planting the seeds, the watering is still to happen.

From the left to the right: Majid A. Abdullah from Basra Chamber of Industry, Sabeeh H. Al-Hashemi, Iraqi Businessmen Union Basra, Elena Kornienko, InfoCORE Consultancy, Najih Shinawa Ahmad Alqanas, Basra Chamber of Commerce

After the training, the meeting with Basra Chamber of Commerce, Basra Chamber of Industry and Iraqi Businessmen Union took place to discuss the future opportunities for local companies. Whenever it comes to education and training, it is about the future vision.

It might seem that these three beans are too small for the exchange of a milking cow, but the magic of those beans should not be underestimated. All these organizations have a great understanding of the importance of the development of local Iraqi companies, and agreed to provide support in conducting future training sessions for local companies in Basra.

What was unique and magic about that meeting is the understanding that all participants are on the same level of grasping the needs of local companies development. It was planting those magic beans and start watering them to grow the capabilities of local Iraqi contractors to make the economy of Iraq more sustainable.

Elena Kornienko has more than 15 years of professional experience in contracts, procurement and tendering in various roles from demand-identification to contract close-out. She has worked on major international oil and gas projects, including the Sakhalin-1 and Sakhalin-2 fields in Russia, and Iraq’s West Qurna-2. Now based in Dubai, she provides consultancy services to the oil and gas industry. Elena is a fluent English and Russian speaker, and a graduate of the Moscow State University of Commerce, holding a degree in Economics. She also graduated with distinction from the School of Business Administration at Portland State University and holds a CIPS diploma.

IBBC Spring Conference 2018

Iraq: Building a diversified and modern economy 

Tuesday 24 April at Mansion House, London

IBBC’s Spring Conference returns on 24 April 2018, bringing to the heart of London the preeminent political and business figures involved in business and the economy of Iraq.

The theme for this years’ conference is Iraq: Building a diversified and modern economy. The conference aims to address the key challenges in building a diversified and modern economy, which will enable Iraq to build on the recent economic and social stability to progress into one of the Middle East’s major economies once again. Sessions will focus on Finance, Technology, Oil & Gas and Education.

The Government of Iraq has confirmed it is sending a high-level delegation of government representatives to the IBBC Spring Conference, which will be led by H.E. Dr Abdul Kariem Al Faisal, Chairman of the Iraq Prime Minister’s Advisory Commission (PMAC). The delegation will also include senior representatives from the Iraq Ministries of Oil and Industry.

The IBBC Spring Conference, held at the prestigious Mansion House, the home and office of the Lord Mayor of London, is traditionally IBBC’s flagship event, which attracts suppliers, investors, producers and buyers from Iraq, the UK and the wider international business community.

Prominent speakers include Baroness Nicholson of Winterbourne, President of IBBC and the Prime Minister’s Trade Envoy to Iraq, Azerbaijan, Turkmenistan and Kazakhstan, Alderman Sir Alan Yarrow, Lord Mayor, Locum Tenens, Ambassador Jonathon Wilks, Her Majesty’s Ambassador to the Republic of Iraq and Baroness Fairhead CBE, Minister of State for Trade and Export Promotion, Department for International Trade.

IBBC expects a high attendance at the conference and the new round tables are designed for close business interaction and the facilitation of in-depth discussion, where delegates can focus on particular sectors of interest and engage with speakers and industry experts on the issues that really matter.

With representatives from all major interested parties involved in Iraq expected to attend, as well as pre- and post- networking events, the IBBC Spring Conference 2018 will provide many opportunities for networking at the highest level, as well as providing exceptionally informative and experienced panels.

Sessions on the agenda include:

Finance: ‘Criteria and process for obtaining major project finance’ Chair: Mr Gavin Wishart, IBBC

IBBC has gathered several preeminent voices in the finance industry to discuss the challenges and opportunities Iraqi and international firms face in sourcing capital for major projects. Representatives from some of the largest international finance organisations, JP Morgan and Allan & Overy LLP, as well as representatives from UK Export Finance and GE will discuss in detail the criteria and process of obtaining finance for major projects in Iraq.

  • Mr Richard S. Wilkins, Executive Director – Export Finance, JP Morgan
  • Mr Tom Longmuir, Counsel, Allen & Overy LLP
  • Mr Guto Davies, Managing Director – Global ECA CoE Leader, GE Capital
  • Mr David Craig, Deputy Head of Civil Infrastructure and Energy Business, UK Export Finance

 

Technology: ‘Developing Iraq’s digital economy’ Chair: Mr Ashley Goodall, IBBC

The IBBC Tech Panel brings together the two leaders of the UK and Iraq e-government initiatives in addition to experts in FinTech and entrepreneurial hub development. The panel will address in detail how innovative new technology and the use of information and communication technologies (ICTs) can improve the activities in the public and private sectors to help Iraq’s economy and growth.

  • Mr Ahmed Elkady, Partner, Ernst & Young
  • Mr Ali Al Dahwi, Consultant, Management Partners
  • Mr Chris Fergusson, Director at The Cabinet Office (Government Digital Service)
  • Mr Mohammed Khudairi, Managing Partner, Khudairi Group

 

Oil & Gas: ‘Need for locally available products and services – how the sector can help diversification of Iraq’s economy’ Chair: Mr Vikas Handa, IBBC

This expert panel consists of representatives from the largest IOC’s in Iraq, Governmental representatives from the Iraq Ministries of Oil and Industry and an Oil & Gas expert from the Department of International Trade. The session will cover all key aspects of Iraq’s Oil & Gas sector for 2018, delivered by the preeminent experts in the field and will include a panel discussion and Q & A chaired by Vikas Handa, the head of IBBC’s Oil & Gas Sector Table and its GCC representative.

  • Dr Mark Wharton, Development Manager, Shell Iraq
  • Mr Mike Wenham, Commercial Manager, BP Iraq
  • Mr Bob Dastmalchi, Vice President, Business Development, Chevron
  • Mr Craig Jones, Deputy Director, Oil & Gas, Department for International Trade
  • Representative from the Ministry of Oil, Government of Iraq
  • Representative from the Ministry of Industry, Government of Iraq

 

Education and Training: ‘Developing human capital in Iraq’

The panel brings together leading representatives from academia and business to address the challenges of developing Iraq’s human capital to support its transition into a diversified, vibrant economy. Members of the panel have direct experience of challenges and advantages of delivering advanced education and training in-country.

Chair & Presentation: Professor Paul Boyle, President & Vice Chancellor, Leicester University

  • Mr Alex Haynes, Senior VP Business Development AMEA & Southern Europe, Wood
  • Mr Saadi Faraj Muthanna, Business Development Manager, Al Nukhba-OFS FZCO
  • Ms Christine van den Toorn, Institute of Regional and International Studies, American University of Iraq
  • Mr Will Follett, Director, Restrata

With a dedicated and well informed agenda, IBBC are bringing the experts and practitioners best placed to answer these questions, so the international business community can work towards framing the future and contributing to a modern and outward looking Iraq. Each session will emphasise the growing business opportunities for international companies.

For more information and tickets, please visit: http://www.webuildiraq.org/ibbc-conference/spring-conference-2018/ or email london@webuildiraq.org.

Chihod: Kuwait conference contract to destroy Iraq and dumping debt

2/18/2018

The deputy speaker of the State of Law, led by Nuri al-Maliki, Mohammad Saadoun al-Chihoud, said Sunday that the Kuwait donors conference did not help Iraq, noting that "it was not held rather to help Iraq but to destroy it and drown it in debt.

""The major countries have abandoned Iraq again and abandoned it on several occasions, and this is conclusive evidence that the conspiracy against Iraq continues despite the failure of its chapters, which began to enter the rule through sectarianism and ending with the introduction of a terrorist," Chihud said in a statement.

"Iraq has lost billions of dollars because of its war with terrorism on behalf of the world.

The war has destroyed infrastructures and superstructures, and has delayed and delayed giant and big projects, as well as the wheel of development, reconstruction and construction.

"He pointed out that "the Kuwait donors conference was not held rather to help Iraq, but to destroy Iraq and flood it with debt and therefore the outputs of the conference does not carry any meaning to help and construction and reconstruction, but to drain the wealth of Iraq and its people,

pointing out that" Iraq needs 100 billion dollars as a grant to build and reconstruction of liberated areas As well as to complete the strategic projects in Iraq, and therefore the allocation of $ 30 billion in loans means the conference is free of its real content, "pointing out that this represents a huge blow to the economy of Iraq, which will continue to suffer dilution for many years.

http://aletejahtv.org/permalink/205727.html

Dictates conditions and controls the law so the world bank intervenes to the lives of iraqis
12/7/2017

It seems that the confusion in the state’s economic policy in not creating new financial resources and reducing the dependence on oil revenues as the main financial source of the state prompted the Iraqi government to resort to the International Monetary Fund to obtain loans to pay the state’s financial expenses, which economists consider to be unhealthy because it makes the country Debt-laden for many years, which will be borne by future generations.

In May 2016, the International Monetary Fund agreed to lend Iraq $ 13 billion to meet its financial needs over a 10-year period at a rate of 1.5 percent, in return for imposing conditions that the Iraqi government would have to implement in the next state’s budgets until the loan is repaid.

Experts and experts on the Iraqi economic situation promised the International Monetary Fund for Iraq to "unfair" because it targets the staff and graduates, as well as interference with the decisions of the federal government, calling on the government to negotiate with the IMF to reduce its restrictions imposed on Iraq.

Member of the Committee on Economy and Investment Representative Harith al-Harthy, stressed that the most prominent conditions imposed by the International Monetary Fund on Iraq in the budget in 2018 was to reduce expenses and not to launch appointments and reduce the salaries of employees and retirees.

Al-Harithi told "One News" that "the conditions of the IMF is an interference in the Iraqi affairs and this is borne by the government for not to develop economic plans to diversify the financial revenues and not rely on oil, such as activating the levies and collect them from border crossings and customs and support the private sector and the implementation of some development projects, Debt-laden and bound by international conditions ".

He pointed out that "the salaries of employees red line can not be touched and the Iraqi government not to respond to the IMF in this regard because the employees and retirees are the poorest segment of society and in dire need of salaries and do not receive either a quarter of their dues in the state," noting that "Iraq is obliged to implement conditions International criticism because it is governed by agreements and protocols.

" He pointed out that "the budget of 2018 is no different from the previous in 2017 in terms of expenditure distribution of revenues, as some of the paragraphs of a lot of ambiguity requires the government to clarify it," calling the Parliamentary Finance Committee and in coordination with the Office of Financial Supervision to "follow the final accounts of previous years And know the size of spending and know the difference in prices between the sale of oil and heights and differences to know where the money went.

Leaks about the budget of 2018 revealed leaked documents on the draft draft law of the general budget of the country 2018, for the total value and the proportion of deficit, in addition to the proportion of Kurdistan, amounting to 12.67%.

According to these documents, the total revenue was estimated at 5 trillions and 331 million dinars at 43.4 dollars per barrel of oil, with a production capacity of 3 million and 888 thousand barrels, including about 73 trillion dinars of oil revenues.

The total expenditure is estimated at 108 trillion and 113 million and 913 thousand and 506 dinars, while the budget deficit amounted to about 22 trillion and 782 million and 913 thousand and 506 dinars, while the share of the Kurdistan region to 12.67% only after it was 17%.

The draft budget was based on the export rate of oil of 3 million and eight hundred thousand barrels per day, including 250 thousand barrels of oil in the Kurdistan region, and 300 thousand barrels of Kirkuk oil, where the budget was built on the basis of the price of a barrel estimated at about $ 43, Remains the largest supplier of the budget.

In addition, the parliamentary finance committee revealed the continuation of the Iraqi negotiations with the International Monetary Fund on the granting of loans and restrictions.

"The conditions of the International Monetary Fund on Iraq was unjust because it targeted the staff by reducing their salaries by 4 percent and the unemployed graduates, and this will inflame the Iraqi street," said Mahasen Hamdoun, a member of the committee.

"The Iraqi government is still continuing its negotiations with The International Monetary Fund to reduce some conditions and reduce them so as not to harm Iraq.

" She pointed out that "the budget of 2018 unfair to many Iraqis, especially in the affected provinces to non-compensation of citizens degrees of career for the previous three years and not to allocate funds for reconstruction or compensation of homes of affected citizens," stressing that "the budget did not take into account what reached these provinces of destruction and non- During a period of urging the terrorist.

" For his part, said the economist Abdul Hassan al-Shammari, that the conditions of the International Monetary Fund and the World Bank is a great benefit to the economy of Iraq as it aims to reduce the great waste of Iraqi funds.

Al-Shammari told "One News" that "among the terms of the cash reduction of the number of employees by providing employment opportunities in the Iraqi private sector," pointing out that "the budgets of Iraq is a budget for salaries of employees as the number of employees in Iraq exceeds the number of employees of the United States,

The population of the United States is 350 million and has 4 million employees, while Iraq has a population of 36 million and the number of employees exceeds 4 million and a half million and this is a waste of public money.

He pointed out that "there are many files wasting through the money, including the ration card where it is allocated large funds and does not reach, 25 percent of them to citizens," stressing that Iraq needs a clear economic vision to adopt Iraq again through activating the private sector and diversify the country’s financial resources " .

The fall in oil prices on world markets since June 2014 has largely affected Iraq’s oil-dependent economy to finance more than 90 percent of the country’s expenses, as well as the spiraling costs of war against a staunch organization.

http://oneiraqnews.com/index.php?aa=news&id22=3337&iraq=%ED%DD%D1%D6%20%C 7%E1%D4%D1%E6%D8%20%E6%ED%CA%CD%DF%E3%20%C8%C7%E1% DE%E6%C7%E4%ED%E4..%20%E5%DF%D0%C7%20%ED%CA%CF%CE% E1%20%C7%E1%C8%E4%DF%20%C7%E1%CF%E6%E1%ED%20%C8%CD %ED%C7%C9%20%C7%E1%DA%D1%C7%DE%ED%ED%E4#.WinMRFWnG Uk

In an interview in Amman, the Association of Banks and the IMF discussed challenges facing the economy
09/16/2017

Baghdad / Al- Sabah
discussed the Iraqi private banks association with the International Monetary Fund challenges facing Iraq ‘s economy during the current stage and ways the face of the economic crisis and the Convention to prepare the credit , which Iraq signed with the International Monetary Fund in 2015.

The Executive Director of the Association of Iraqi private banks, Ali Tariq, in Press Release "A delegation from the Association of Private Banks met with the head of the mission of Iraq to the International Monetary Fund, Christian Jos in the Jordanian capital Amman.

During the meeting, he discussed the challenges facing the Iraqi economy during the current stage and ways to face the economic crisis and agreement Stand – which Iraq signed with the International Monetary Fund in 2015 ".

Tariq added that "during the meeting, put forward the vision of the Association of Iraqi private banks to make way for private banks to take their natural role to stimulate the economy of Iraq by allowing the government to deal with private banks with a view to restore confidence to the banking sector,

" adding that " Including on the development of the banking sector in terms of compliance and compliance with international requirements, especially with regard to operations against money laundering and financing of terrorism and the Association in cooperation with the Central Bank in the training of 70 percent of employees in the banking sector of Iraq.

On the other hand, the head of the mission of Iraq to the International Monetary Fund, Christian Jos, a summary of the economic situation in Iraq and talks with the government under the Convention on
credit readiness .

"The IMF looks forward to maximizing the non-oil resources of Iraq’s economy by developing industry and agriculture, improving services and customs control, and revisiting its mechanism of action," the statement said.

He added that "the organization of customs work will be an important resource for the Iraqi government in the next phase in the light of low oil prices," adding that "the International Monetary Fund is expected to be the price of a barrel of oil during the next five years at $ 50 per barrel."

http://www.alsabaah.iq/ArticleShow.aspx?ID=144249

Association of Banks and the International Monetary Fund are discussing the challenges of Iraq’s economy
09/15/2017

The Iraqi Private Banks Association discussed with the International Monetary Fund the challenges facing the Iraqi economy during the current stage and the ways to face the economic crisis and the credit readiness agreement signed by Iraq with the International Monetary Fund in 2015.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, The statement that "a delegation from the Association of Private Banks met with the head of the mission of Iraq to the International Monetary Fund, Christian Jos in the Jordanian capital Amman, and during the meeting, discussed the challenges facing the Iraqi economy during the current stage and ways to address the economic crisis and the Convention D of credit signed by Iraq with the International Monetary Fund in 2015.

Tariq added that "during the meeting, put forward the vision of the Association of Iraqi private banks that the government should allow private banks to take their natural role to stimulate the economy of Iraq by allowing the government to deal with private banks with a view to restore confidence to the banking sector,"

adding that " A comprehensive presentation on the development in the banking sector in terms of compliance and compliance with international requirements, especially with regard to operations against money laundering and financing of terrorism and the Association in cooperation with the Central Bank in the training of 70% of employees in the Iraqi banking sector.

On the other hand, the head of the mission of Iraq to the International Monetary Fund, Christian Jos, a summary of the Iraqi economic situation and talks with the Iraqi government under the framework of the Convention on Credit.

"The IMF looks forward to maximizing the non-oil resources of Iraq’s economy by developing industry and agriculture, improving services, controlling customs and revising its mechanism of action," the statement said.

He added that "the organization of the work of the customs will be an important resource for the Iraqi government in the next phase in the light of low oil prices," adding that "the International Monetary Fund is expected to be the price of a barrel of oil over the next five years at $ 50 per barrel."

http://www.shafaaq.com/ar/Ar_NewsReader/9f99f172-a00a-4934-85a9-22f3c743597d

By Ashley Goodall.

How British Creativity can help Iraq and rebuild nations and communities.

As middle Eastern economies begin to realise dependency on oil is no longer an option, they are diversifying their economies and evolving their cultures to position for the future, key is creativity and the tech economy.

For many the’ Iraq’ word brings shivers of gloom. Whatever doomsters think, Iraqis still have to create a new future, free of rancour, prosperous and ultimately hopeful. The UK can really help them on this journey.

As IBBC companies rebuild the Infrastructure and economy of Iraq (Oil and gas, Power and engineering), the other big win that the UK can help Iraq with is ‘creativity. We can help leapfrog sectarian divides, bring the country together, inject pride and confidence and begin the process of nation building.

Two complimentary areas of expertise come neatly together to rebuild nations and communities: Architecture and Tech: The physical and virtual, the national and the communal, visual and intangible, shared and entrepreneurial, cultural and business.

In Architecture, Zaha Hadid’s amazing inspirational work to define and create Iconic cultural statements is being deployed for the new Central bak building nearing completion and the  Parliament building designed to build a sense of national identity and articulate a new aspirational narrative for Iraq. Charles Walker MD of Zaha Hadid believes architecture is a physical manifestation of a nation state and, particularly for countries that are recovering from conflict; architecture can play a reconciliatory role to build a new sense of nationhood and community.

Charles believes ‘buildings are the national landmarks that project a nation’s sense of itself through the semiotics of communal values .Zaha Hadid’s creative modernity frees nations to imagine the kind of visions they want to project about themselves. The scintillating new parliament building draws inspiration from the geological alluvial plane of the Tigris River and a cultural belief in civic democracy that indicates normality is returning to the country’.

Anne Kerr and Bob Philips of Mott MacDonald believe that planning and ‘Place making’ is fundamental to national and urban success. Anne says it can take 50 years to establish a ‘community’ in the broadest sense. Mott MacDonald’s ‘Placemaking’ brings together all aspects of community building – from the physical infrastructure, to provision of what holds a community together- education, health, a sense of purpose, buildings, mobility and economic prospects, work, and individuals’ sense of self-worth – iconic buildings and tech can help inspire and aggregate but the softer aspects of community building and capacity also have to be factored in.

As civil engineers Bob Philips says you can’t have social infrastructure unless an engineer designs and builds it and civil engineering provides for people – ‘Engineers make it happen’. Mott MacDonald’s work includes large International development projects and to make the idea of creating communities come alive. The consultancy launched its ‘Engineering Hope’ report to explain how to make fast communities, through place making and especially for the 60 million refugees currently living in camps.

‘Tech’ brings its own benefits and opportunities: The UK’s record in start-ups and the new tech industry is remarkable, Tech city was established in 2010 but this start up cluster now leads Europe , is second only to USA for investment . Key to consolidating tech is the recent location of Facebook , Google’ and Spotify’s headquarters to London, the location and power of the city to drive investment and knowledge in Fintech and a record volume of new tech businesses in London.

Tech ecologies grow fast and drive external perceptions of a country. Put together with a strong creative sector, design and film production, and London/UK becomes the leading location for film production, design and gaming, music and communications. Tech enables communities to flourish and interact in areas of interest beyond sectarian or religious boundaries. On line communities are strengthened by their interests and bring people together.. British and international tech is well placed to help build Iraqi communities, provide education and skills for young people on line, enable them to trade, to be entrepreneurial, retail and interact with the world beyond their borders.

In Iraq Yazen, MD of Zain Cash explains ‘Zain have set up clear objectives to close the current financial gap that left majority of the population unbanked.  We’re building financial services that meet current needs and assist in fuelling new digital economies. Services that are getting strong traction are electronic salary disbursement, electronic bill payment, and online payment solutions. A key success of Zain’s is a vast network  which we  are heavily investing in, to ensure convenient and accessible services for everyone, whether in rural and urban areas”

Fethi Kirdar of Moby group, a leading Media company, is encouraging the Iraqi government to support tech initiatives: ‘’to provide seed capital, low cost workshops and build the tech ecosystem, including promotion of E Government. Fethi says’ Iraqi young people already engage with high penetration of digital media, are keen on e-commerce and have the attitude, aptitude and ideas  to create tech solutions for the problems they see around them. The time is right and the audience is primed for take-off.’

Iraq’s young, tech-savvy entrepreneurs are finding business opportunities in mobile apps at a time when the government is strapped for cash and looking to the private sector to create jobs. Iraq has one of the most youthful populations in the world, with  60 percent of its 2015 estimate of 37 million people under the age of 25, according to the U.N. In a bid to create up to 250,000 private sector jobs, the government last year started a $5 billion loan initiative for small, medium and large projects called Tamwil, or Finance, which is run by the Central Bank.

Entrepreneurs are already versioning delivery apps like Wajbety, or My Meal, and  al-Khateeb launched an Uber style app called Ujra, or Fare according to Sinan Salaheddin of Associated press  Baghdad. Arabic App creation is a clear opportunity for aspiring entrepreneurs.

What Iraq needs now is direct investment in entrepreneurial tech start-ups and expertise from UK tech industry specialists willing to take a leap of faith to back the catch up opportunities Iraq offers. IBBC have a new tech group that will support and help you navigate Iraqi business, led by Botan Osman of Restrata, Zain and Alastair Kett’s PWC, are keen to attract new members who can take advantage of the opportunities for both tech and architectural reinvention and nation building that Iraq offers.

Once tech takes hold growth will be fast and positive. And, as with Architecture, the Brits now have a number of world class leaders like Zaha Hadid and Mott MacDonald to enable the rebuilding of Iraq’s communities as the Iraqi Government so requires.

Ashley Goodall is a martketing consultant to Iraq Britain Business Council (IBBC).

twitter @IBBC_London



The future of the economy of Iraq in the era of digital

06/11/2017

The appearance of Mohammed Saleh *Held Forum Economic World at Sea Dead conference during the period 19. 21 in May 2017 under the slogan of empowering generations towards the future and focused discussions in essence on
the subject of running forces youth in the era of digital or revolution technological fourth current

In the face of the phenomenon of the inability of companies big for operating the broad powers working young that to bring about technology high density as well as the inability of governments to provide opportunities for employment ( especially from the nations a young proportion of young people where about 60 percent of the total power of work ) because of the traffic in the principle of the government of electronic small actors, so the opportunities available to run is the achievement of the so – called Balnza Eco ECO system:

any interdependence accelerated for all energies talented for young people and capacity leadership supported Balapetkart that deal with the era of digital to form kegs work productively and beneficiaries in that one , so through the phenomena of behavioral management dynamics

( called it idiomatically Baltgiraljdhira creative (disruption) , a combination of leadership and administrative ability on innovation and talent to generate products new and markets new form , all based system ecosystem which texture projects for small and medium – sized interconnected digitally .

Valtrabottat between the input projects for small and medium – sized and outputs that deal capabilities information mutually come all ( as an interactive ) to maximize the efficiency of production and the introduction of products of new generating markets new as stated .

The role of the state will remain equipped with the foundation of the built infrastructure ( physical and legal ) and to facilitate business and simplification of procedures with emphasis on the principle of partnership and interaction between the state and the market .

Also it raised the issues of the theory of economic mission in the concept of the balance of the market digital . For For example , take the law of the Marshall in the supply and demand ( to determine the price equilibrium ) concept new in the balance of the market digital .

Prices are equilibrium digital is representing equivalent to the demand with the offer ( which represents the display here contain all problems , including the problems of infrastructure infrastructure , bureaucratic government and others and get off it to only minimum optimization of through simplification of procedures and transparency of regulations regulatory ).

Thus , the summary of the ideas that came out the system of ecological Anfa is the director foundation for the system operation and the face of unemployment of through the intensity of the product ‘s new , which facilitates the achievement of growth of these tools digital and capabilities of information technology ,

both in the field of establishing incubators business Uchiad system for units of residential low – lying cost or use of energy solar or techniques of modern in agriculture or the use of intelligence industry, any of through the establishment of units productive small and medium – sized and interdependent operating base digital standardized in the exchange of information to form all of the system of ecological optimization , which will force effective for the operation of the main force Alepesh Rayya young .

Noticed that Iraq , in the circumstances of the current is in dire need to step effective for assembling companies and small and medium – sized leading to the formation of the nucleus of the system ecosystem is available to him finance internal or international , whether from agencies financing international or project lending to the bank ‘s central or others to reach the age of digital and prerogatives in the operation of energies working from the young generation products new according to the database information accessible for each gathering product .

For , for example , it is not limited to notice that the world Arab spends currently on translation each year more than 1.2 billion dollars , a chance to set up units translation tools modern digital activity component of the system of ecological and examples on so many .

Thus , we see the importance of walking the era of digital new Iraq and Bdaamtin main points : The first is : starting to set up will system companies youth leader (SME, s) in the fields of various agriculture , construction and branches of the production of innovations digital exclusively in coordination between the ministries of the relationship ,

such as education high , youth , sports and labor affairs and social planning as well as the Bank international and benefit from its experience wide in this regard .

And other : create ways necessary to encourage the establishment of companies leading small products innovative and create markets and national new on behalf of the companies leading to young people and implicated in the system Synthesized one works according to the database information and data efficient ,

order to realize the economy of a digital real , which means the use of networks of the Internet to facilitate the business community reciprocity and contractual , with the emphasis on the principle of availability of justice digital ( ie making processes use the internet are available to all without excellence or restricted to the categories of community – specific ).
Financial Advisor Managing Prime Minister

http://economy-news.net/content.php?id=7875

Parliamentary Economy warns Central Bank of classification policy banks
05/31/2017



Committee on Economy and Investment representative warned Wednesday, the central bank to continue the policy of classification of banks to varying degrees of participation in the auction currency window.

Committee Chairman Ahmed Salim Kanani, in a statement received / scales News /, a copy of it, that "the policy of the Central Bank one of the reasons for the spread of corruption among its employees as a completed unrelated to the law, which provides for equality and non-discrimination between the bank and the last

," stressing "the need for the Bank’s commitment Central professional and legal tactics in dealing with Iraqi banks and move away from what we see today, the central bank of a conflict of interest and the predominance of the temperaments and a tendency to reward party and punish another party without a professional and legal standard. "

He Kanani, that "manipulation of the implementation of the central bank’s policy through individual whims and desires is based on solid economic fundamentals may bring risks to the economy of Iraq, which is going through great challenges in the light of the exceptional circumstances experienced by the Iraqis," but he also said,

"We also call on those in charge of the management of the Central Bank to close the doors on encouraging corruption by some of the staff of the Central Bank which displays the reputation of this institution honored to risk and lose confidence, which is reflected negatively on the overall monetary situation in the country, including the impact on the national currency. "

It invited, according to the statement, to "commitment to neutrality and non-discrimination between banks and dealing equally in the sale of currency window and cancel the policy of classification based on the assumptions that is calculated to avoid our access to interrogations and accountability under the dome of the parliament"

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