GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers.
Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments across the country.
They said soaring import bills widened the current account deficit and weakened the Tunisian dinar, causing a rise in prices while the country's foreign currency reserves were shrinking. The Central Bank said the inflation rate was 7.1% year-on-year in February, compared to 4.6% in February 2017 and …
E-Dinar Coin (EDR) had a good 24 hours as the cryptocurrency jumped $0.00253 or 14.75% trading at $0.01968. According to Global Crypto Analysts, E-Dinar Coin (EDR) eyes $0.021648 target on the road to $0.0521176723379817. EDR last traded at LiveCoin exchange. It had high of $0.023 and low …
Deputy: Parliament will not be able to hold any plenary session
3/17/2018 Treasures of the MP – the representative of the state of law Ahmed al-Badri, Saturday, the inability of the House of Representatives to hold any future session full of quorum in the last legislative term, indicating that all deputies will be engaged in the promotion of elections starting next April.
"The House of Representatives, according to the data will not be able to hold a meeting full of quorum because of political differences and the preoccupation of most MPs to prepare for the upcoming elections."
He added that "the Electoral Commission will launch the election campaign on April 10, which means that the work of the House of Representatives will stop automatically until the next session."
Al-Badri said that "the political differences on the eligibility and importance of laws have caused the loss of the opportunity to pass dozens of laws that serve the interests of the simple citizen."
Iraqi cash reserves rise to $ 50 billion
The Committee on Economy and Investment parliamentary, on Saturday, exceeded the cash reserve with the Central Bank of Iraq to about $ 50 billion, due to the high global oil prices and the completion of military operations against the organization, "Daash" criminal.
" The cash reserve with the Central Bank of Iraq exceeded 50 billion dollars after a decline lasted for several years because of the decline in oil prices and economic loss after the invasion of gangs and urged several provinces in 2014," said a member of the committee Najeeb Najib .
"The rise in oil prices and the completion of military operations against the criminal advocate raised the cash reserve in the central bank," adding that "the rise in Iraqi cash reserves will contribute to increase the confidence of foreign investors and increase the profits of the bank from the sale of the dollar."
Najib explained that "the cash reserve decreased last year to about 45 billion dollars, while in 2016 to about 43 billion dollars after the government withdrew amounts to pay the deficit in the budget,"
Abbadi: Iraq fulfilled its international obligations to destroy all chemical residues
Prime Minister, Haidar Abadi, the Government’s rights of the Kurdish people within one Iraq. said Abadi, said in a statement today, "recalls the people and the world that catastrophic day city of Halabja chemical weapons bombardment by order annihilated, that crime which shook the conscience of the world
and led For killing thousands of innocent civilians belonging to our Kurdish Aziz was one of the worst crimes committed by the witness locations Baath regime and his oppression and tyranny and repressive policy against all Iraqis. "
"While we remember traumatic stress this tragedy our unit pride and intermingling of Kurdish blood with the blood of the rest of the Iraqis in the triumphant edits against terrorist ISIS, where the two forces fought alongside their brothers in the Iraqi army until victory."
"We indicated we fight our sorrow and our solidarity with the victims and with the children of our Kurdish people emphasize our concern for security and stability and constitutional rights and fair with Iraqi people within Iraq and move together towards a new era of brotherhood and cooperation for reconstruction and aspirations Our citizens.
"the Prime Minister stressed that" Iraq has met its international obligations to destroy all remnants of chemical weapons that were used in the time order annihilated in the cities of Halabja and other Iraqi cities where re-activate this work under the current Government and fully completed and Iraq received international certificate support To accomplish this mission. "
Barzani Party: Oil files, budget and Article 140 has not been resolved with Baghdad
3/17/2018 The Kurdistan Democratic Party, headed by Massoud Barzani, Saturday, the most outstanding issues between Baghdad and Erbil, despite the declaration of agreements on the opening of airports and ports, indicating that the agreement on managing the oil file and the application of Article 140 and determine the proportions of Kurdistan, the most prominent of these issues.
"The files of oil management and determine the federal gross product in Kurdistan and the application of Article 140 of the Constitution on the disputed areas and the proportion of the region of the budget is still stuck until after the elections despite the agreements," MP Najeeb Najib said in an interview with local media. Declared ".
"The agreement on the opening of airports and the delivery of border crossings entered into force after the arrival of federal officials from the departments of passports, customs, taxes and security to airports and ports."
She said that "Baghdad deposited about 400 billion dinars in the central bank in Arbil as a provision of salaries to employees of the region, but it needs exclusive approval from Prime Minister Haider Abadi to spend in the coming days."
Washington and Baghdad begin negotiations to "adapt" the US presence
"The US military presence in Iraq after the end of the organization" Daash "criminal at a time of growing popular and political demands for the withdrawal of US and foreign troops, while reviving the denial of the presence of US military bases .
"After the battle of Mosul and the announcement of the expulsion of Saddam from Iraq, negotiations between Iraq and the international coalition led by the United States on the reduction of foreign forces in Iraq began,"
said Ihsan al-Shammari, head of the Center for Political Thinking in a statement published by the Saudi daily Asharq Al-Awsat. Iraq, which was providing support and support to the Iraqi forces through advisers. "
Al-Shammari added that "what happened is that the talks in this regard have not been activated, but now the serious steps have been taken in this regard as the two parties entered into talks in this direction."
He pointed out that "the most important in these negotiations is the reactivation of the strategic framework treaty, 2008 during Maliki’s first term but Americans froze during his second term. "
Al-Shammari explained that "the current discussions are taking two tracks. The first is to re-adapt the US presence in Iraq according to the Strategic Framework Agreement which includes areas and fields, including training, processing, logistical and intelligence support as well as deterrence, while the second track is to reduce the number of American advisors in Iraq. New between the parties, "denying" the presence of US bases inside Iraqi territory "
Asked about the concept of deterrence in the context of the Strategic Framework Agreement, al-Shammari said that "the deterrence is the possibility of Iraq need air strikes against the organization of Daadash, who is still trying to pressure on the Syrian border and thus risk remains." http://mangish.net/%D9%88%D8%A7%D8%B…A%D9%8A%D9%81/
Abadi: We will chase the big thieves and recover the money they seized
Received a call from the US Vice President and held a meeting with the directors of Baghdad
Baghdad / follow-up morning Prime Minister Haidar al-Abadi vowed to hunt down the big thieves who seized the state land and citizens’ properties, stressing that he would challenge any law that could benefit from these thieves.
As he accelerated the completion of services projects in the areas of the outskirts of Baghdad and provide the necessary funding and financial allocations that have priority, US President Mike Pence, during a telephone conversation, led by Abadi in the victory against the «urging», reiterated his country’s continued support to Iraq in all areas.
According to a statement issued by the Prime Minister’s Office, the Prime Minister, Dr. Haider al-Abadi, held a wide-ranging meeting with the district directors and municipal units in the city of Baghdad.
He said during the meeting that "Iraq has gone through a difficult stage and an existential and economic challenge. And we must work now to harness all the national capabilities and capabilities to provide services to citizens after the great victory achieved with the most sacrifices and the least potential ».
During the meeting, Abadi called on the district directors and municipal units in the city of Baghdad to "follow the field for every small and large, and be true to the promises in providing services and not to give promises can not be met, and away from partisan loyalties or work for electoral reasons at the expense of quality."
"The need to make maximum use of the available resources and the national effort." He stressed that "collection should not be limited to providing appropriate services, and not be tax to take payments without services and it is very necessary to stop waste in order to reach services to eligible citizens."
Abadi said: "We must take into consideration the need of citizens, but we must pursue the big thieves who seized the state land and the property of citizens, while at the same time distinguish them from the poor citizens in need of housing.
And also appealed the amnesty law, which unfortunately included the kidnappers and criminals, "vowing to pursue" the big thieves and recover the money they seized. "
Al-Abbadi listened to a detailed explanation of the reality of the services provided by Amina Baghdad and the Governor of Baghdad and the managers of the districts and municipal units.
The solutions were put in place and the allocations were made in the field of services, water networks, sewerage, tiling and other basic services inside and outside the city of Baghdad.
The Prime Minister urged the speedy completion of service projects in the outskirts
of Baghdad and the provision of funding for financial allocations, which is a priority.
He also stressed the rehabilitation and completion of hospital projects in the areas of seven wells and laboratories, in addition to the launch of allocations for cleaning efforts in the capital and other provinces.
The meeting was attended by the Minister of Planning, Reconstruction and Housing and the deputies of a number of ministries and officials in the service departments.
The Prime Minister, Dr. Haider Abadi, on Thursday, the opening of the airports of Sulaymaniyah and Erbil for international aviation after the completion of legal and constitutional procedures by the federal control of the two airports, according to a statement of the Information Office.
On the other hand, Prime Minister Haidar al-Abadi received a telephone call from US Vice President Mike Bens, praised Bens leadership of Abbadi in the victory against «Da’ash», stressing the continued support of his country to Iraq and renewed US President’s victory, .
"He expressed his admiration for the vision of the Prime Minister and his country leadership and for achieving community cohesion and his keenness to guarantee the rights of all components of the Iraqi people that he saw through the visit of Dr. Haider Al-Abbadi to Mosul."
He also praised the government’s steps in reopening Sulaymaniyah and Erbil airports, And stressed the support of his country for the unity of Iraq and sovereignty, "noting that" the leadership of Dr. Haider Abadi in this file proved to all the Iraqi people not to distinguish it to the component without another, "according to a statement to the media office of the Prime Minister.
Abadi stressed his keenness to consolidate democracy in Iraq and strengthen the institutions of the state and the importance of continuing the citizenship project to overcome sectarian and racist policies, praising the aspirations of young Iraqis aspiring to hold free and fair elections for a new Iraq.
The local government in Kurdistan aims to solve all the problems between the center and the region and to feel the Kurdish people that is an essential part of the state and the Iraqi society », noting that« the government is paying salaries of the staff of the region »,
and Abadi« he now has a strong army and military institution and the government is working On The further strengthening of the rest of the state institutions and the goal is to reach a sober political situation to prevent foreign interference, which seeks to weaken the sovereignty of the state ».
The Prime Minister also confirmed during the telephone call to the US Vice President, "the plan that was put in place to reduce the number of American advisers and trainers in Iraq after a crushing victory over the terrorist advocate, and that the presence of these trainers to support the Iraqi military and security institutions with international expertise in training and technical support»
Abadi stressed «the importance of consolidating economic and trade relations between the two countries, as Iraq hopes the US administration to encourage the private sector to invest in Iraq».
The Iraqi government has freportedly revoked a contract with a Kurdish-owned garbage removal firm in Kirkuk, resulting in a garbage crisis in the oil-rich province.
The owner of the business, Khalid Shinke, told Kurdistan 24 that the Iraqi government canceled the contract with his company on 28th February, leading to the suspension of garbage collection across Kirkuk.
He added that the central government in Baghdad still owes his company 12 billion IQD.