The Central Bank approved on 21/5/2018 the auction of ICD110 for the sale of Islamic certificates of deposit for a period of 14 days and the amount of 50 billion dinars (50 billion dinars) and certificates were sold at (10,300) million dinars at a uniform rate and the highest rate of return (0.70% , And the number of participants (2) Bank has won the amounts provided.
More than two months have passed since the stability of the exchange rate and the recovery of the Iraqi dinar and the increase in purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price, despite the pessimistic forecasts that it markets Speculators that the dollar exchange rate will rise during the election and after the results emerge or cause the political circumstances of the US escalation against Iran .
For the purpose of assigning decisions of the Central Bank and maintaining the recovery of the dinar requires the Iraqi banks and branches of Arab and foreign banks operating in Iraq to go to real banking and activate the financing of small and medium enterprises and provide modern electronic banking products and attract deposits and participate in the establishment of the insurance company deposits and the establishment of the national companies to finance large projects , Which contribute to commercial and Islamic banks and cooperation with the Central Bank in the implementation of its policy in support of the development of the banking sector in accordance with the directives of the Governor of the Central Bank of Iraq last in the periodic meeting The last monthly of banking leaders and emphasis on the stability of the exchange rate and recovery of the Iraqi dinar .
And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity .
The time has come for our banks to move to the practice of real banking, which is to provide modern banking products to the public and provide the best services to customers and work to increase the proportion of financial coverage .
The banking sector should play an important and important role in the development and revitalization of the economic cycle, stressing that the stability of the exchange rate should not make banks afraid of their future in the banking market. On the contrary, the stability of the exchange rate should be an incentive to improve the banking sector and achieve growth in the national economy and stability in the monetary and financial system. And the trend towards investment and reconstruction .
Quoting the government daily Al-Sabah
Rafidain approves the tripartite guarantee for the employees of the Chambers of Commerce to grant them an advance of five million dinars
Rafidain Bank approved on Saturday the tripartite guarantee of the employees of the Federation of Chambers of Commerce when they were granted an advance of five million dinars, among the mechanism of granting the ten million dollars to the union's employees.
"The tripartite guarantee was approved for the employees of the Federation of Chambers of Commerce when they were granted an advance of five million dinars," the bank said in a statement received by the Journal News.
He explained that "the grant of the ten million dinars to the employees of the Union shall be guaranteed by the Federation of Chambers of Commerce."
It is worth mentioning that Rafidain Bank earlier stipulated the guarantee of civil servants from the civil government departments and the permanent owners to grant the employees of the Union an advance of 10 million dinars for a period of 5 years and the guarantee of the Federation of Chambers of Commerce.
The completion of the work of erecting two mobile stations with a capacity of 70 mica for Shatt al-Arab
(Basra: Euphrates News) announced the Directorate of the transfer of electricity in the south of the completion of the work of erecting two mobile stations with a capacity of seventy megawatts to spend Shatt al-Arab east of Basra.
Director General Ziad Ali Fadel said in a press statement that "it is hoped to enter the service of these mobile within a period of ten days, after completion of the completion of line 132 feeder from the station Hartha to the Shatt al-Arab district."
Fadel said that for the first time, the judiciary will have its own travels to solve the suffering it was suffering from. The lines that feed the judiciary were in the past, they are from al-Nujaibi and cross Shatt al-Arab. 400 megawatts with the presence of mobile devices that have been erected, which will contribute to improving the reality of electricity in the Shatt al-Arab. "
The Directorate of the transfer of energy to the southern region, announced yesterday a campaign to install transformers and electric transport in addition to the rehabilitation of power transmission lines in Basra in order to resolve the bottlenecks on the electrical grid and improve the reality of equipment in the province.
The General Authority of Customs announced the immediate implementation of the Council of Ministers Resolution No. 186 of 2018, which was issued to deal with the problem of containers congested in the northern port of Umm Qasr. The work will begin on Friday 25/5/2018 for a period of 30 days according to a provisional mechanism the decision".
According to a statement issued by the Authority, "the decision provides for the imposition of financial insurance of  thousand dinars on importers and until the submission of certificates of origin and certified commercial invoices and certificates of conformity of imported goods."
"The decision also stressed the commitment of all parties present at the port of Umm Qasr to the duties specified for them and not to interfere with the responsibilities entrusted to the customs administration and provide support and support to enable the customs centers to perform their work.
It is worth mentioning that the importers and the customs clearance companies played their goods from the northern port of Umm Qasr from the beginning of this month in parallel with the establishment of border crossings authority to take over the management of the port.
The governor of Kermanshah, west of Iran, Hoshink Basund, announced on Thursday, opening the port (Sheikh link) border with the Kurdistan region of Iraq, to resume business activity starting Thursday.
"After negotiations with the Kurdistan region of Iraq and the central government, the reopening of Shaikh Salqa's port was approved," said Basund, according to Fars news agency. "On Thursday, several Iranian trucks loaded with goods crossed the port."
He added that "efforts continue to open the other closed ports, namely (Shoshmi Baoh) and (Tilah Koh Sarbel one day)," noting that "1000 trucks loaded with goods crossing daily from the port (Parvizhan) and 350 trucks from the port (Khosravi) and 450 trucks from (Sommar) to Iraq. "
It is noteworthy that the central government took the decision to close the port after the referendum on secession in the Kurdistan region, on 25 September 2017. "
The International Monetary Fund (IMF) said Thursday that the youth unemployment rate in Iraq is more than 40 percent, while the proportion of women outside the labor force is 85 percent.
"Youth unemployment is high by international standards in many countries in the Middle East, North Africa, Afghanistan and Pakistan," the IMF said in a report.
The report pointed out that "the rate of youth unemployment in the oil country Iraq is more than 40%, while the rate of women outside the workforce is close to 85%," noting that "Qatar ranked first in the least unemployment and less than 5% .
He added that "the highest rate of unemployment for young people are in the State of Oman and at a rate of more than 50%, preceded by Libya at a rate of 48%."
The report pointed out that "the need for countries to distribute the fruits of prosperity to everyone in order to reduce the rate of unemployment," noting that "some countries are encouraging the reduction of unemployment as the UAE through important investments for education and innovation, and Iran has developed programs to create jobs for young people and women "Ending 29 / a 43
The signing of an agreement on the draft gas pipeline between the Kurdistan region and "Russian oil" Russian
MOSCOW - Russian oil company Rosneft signed an agreement on the development of gas works in the Kurdistan region of Iraq on Friday on the sidelines of the Petersburg International Economic Forum, which includes cooperation in the construction of the gas pipeline.
"Within the framework of the signed agreement, the parties will develop a comprehensive plan for the development of gas business in the Kurdish region of the Republic of Iraq. One of the most important elements in this plan is the initial design and construction of the gas pipeline," Rosneft said at a press conference. In Iraqi Kurdistan. "
Baghdad accuses Erbil of illegally contracting with international oil companies to export and produce oil and gas in areas under the control of the Kurdistan Regional Government, while warned the Iraqi Oil Ministry companies to contract with Kurdistan without her knowledge.
The Iraqi Oil Ministry announced earlier this month that the revenues of the export of crude oil from the oil fields in central and southern Iraq during December last about 6 billion and 496 million dollars.
The Rafidain Bank, Friday, the salaries of employees of some departments of the state through electronic payment tools.
"The salaries of employees of some universities and departments of the Ministry of Higher Education and Scientific Research, the departments of the Ministry of Industry and Minerals, the Sunni Waqf departments, the education of the province of Najaf and the health of Anbar and other departments have been paid," the media office of the bank said in a statement.
The statement added that "the disbursement was through electronic payment cards instead of manual exchange."
The Association of Iraqi Private Banks honored a number of financial and banking leaders as well as a group of economic journalists during a Ramadan evening held at Al Mahatta in central Baghdad.
"The current year witnessed the re-investment and reconstruction conference in Iraq, and the World Bank announced Iraq's need for nearly 80 billion dollars for its reconstruction, " said Wadih al-Hantal, head of the Association of Iraqi Private Banks .
He added that "the private sector needs a set of laws to increase its participation in the reconstruction process," explaining that "this evening comes to strengthen the concept of financial inclusion as well as honoring those who avenged the flower of their youth to develop the banking sector in Iraq, and offer them gratitude and thanks ."
The President of the Association of Private Banks referred to the community initiatives established by the Association, including the "Baghdad Baghdad" initiative to rehabilitate 20 squares in Baghdad, under the patronage of Dr. Naseer Shamma, pointing out that "the percentage of completion of the project in general reached 60 %."
"The banking sector has faced many challenges, but it has been able to overcome them by legislating the laws and regulations that regulate its knowledge, especially with regard to dealing with the judicial side .
Al-Hantal praised the efforts of young people who worked within the activities of the Financial Inclusion Week, describing their work as a "Beehive", expressing the Association's pride as having a practical partner, the Central Bank of Iraq .
For his part, said the Director General of the Administrative Department in the Central Bank, Saleh Mahoud, on the sidelines of the evening, which was attended by "Economy News", "The Association of Iraqi private banks of civil society organizations important in Iraq and the result of the activities and important activities carried out by .
Mahoud pointed out that "the central bank believes that the Association has a clear fingerprints over the past period, and believes that he has a strong business partner, the Association of Iraqi private banks, which bears the banner of private banks in Iraq ."
He added that "the central bank has a lot of initiatives, including the initiative (Tamkeen) and that banks participate monthly in support of the initiative fund, to finance cultural projects, environmental and humanitarian and others ."
Mahoud stressed that "in one of the meeting of the Central Bank, headed by his governor, Ali Alaq, two days ago, the latter said that the Association of Iraqi private banks, one of the important entities in Iraq, which is always working hard in its work .
On the other hand, the evening was attended by a number of symbols of the Iraqi economy, which were honored at the end of the evening, including Dr. Tariq al-Takmaji, former governor of the Central Bank, former Minister of Finance Thamir al-Shaikhli, and Izz al-Din al-Bahrani, former Central Bank governor, The former Governor, Adel Hassoun, Salman Idan, Muwaffaq Hassan, Abdul Baki Rida and Dr. Hajir Adnan, Dean of the Faculty of Business Economics at Al-Nahrain University .
The ceremony was also attended by a number of journalists and journalists. Qais al-Murshid, the presenter of the program "Dinar" in Al-Iraqiya TV channel, Abbas Aboud, editor of Al-Sabah newspaper, Hussein Thagb, head of the economy section of Al-Sabah newspaper
Rasheed Bank decided on Thursday to cancel the sponsor's condition for the pensioners' pension.
"The Board of Directors of the Bank decided today to grant the pensioners of MasterCard Cardholders Nakheel an advance of between (2-3) million without a sponsor and in agreement with the National Insurance Company," the bank said in a statement read by Al-Iktissad News.
The statement added that "the bank will start issuing a MasterCard card Nakheel for retirees."
Al-Rasheed Bank was launched in 2016, an advance of three million and a maximum of three million.
Russian oil company Rosneft said on Wednesday it had opened a new oil field in Iraq called Salman, which would contribute to the country's increased crude production.
"Bashanft International, a subsidiary of the Rosneft Group, opened a new oil field called Salman, based on the results of drilling the first exploratory well in Block 12 in Iraq," the Russian company said in a statement.
It added that crude oil was discovered after digging a well with a depth of 4277 meters, which is an indication of the discovery of reserves of crude.
The 12th oil exploratory area in Muthanna province in southwestern Iraq is part of an undisclosed part.
Rosneft, Russia's largest oil company, did not disclose the size of the expected reserves for the new field, but said the disclosure was a milestone in the development of the company's international exploration and production projects.
Rosneft is not the only Russian oil company to operate in Iraq, with Lukoil and Guobrom Oil also involved in oil projects in the energy-rich country.
Representatives of the Jordanian industrial sector on Wednesday called on the government of their country to speed up the follow-up of the Iraqi side regarding the activation of the decision to allow the entry of Jordanian trucks empty and loaded to the Iraqi side.
"The delay in the decision is still causing the industrial sector many losses as a result of the increase in the current transport costs and the resulting handling of the damage borne by the Jordanian industrial," the Jordanian government daily Al-Rai said. "The decision has not yet been made, In its implementation ".
"This decision to allow the entry of Jordanian trucks into Iraq is empty and loaded and Iraqi trucks, and vice versa, contributes significantly to the cost of industrialists at least 300 dollars currently paid as a result of the distance and handling allowance that causes damage to goods and return to Jordan," he said.
Al-Samadi added that "the Jordanian and Iraqi sides agreed on this matter, but the implementation is still in place due to lack of follow-up by the concerned authorities in Jordan with the Iraqi side," adding that "this decision will restore the national industry and its competitiveness in the Iraqi market, That it helps to achieve rates of growth in production capacity and doubled after years of disruption due to the political and security conditions in Iraq brotherly.
"The Iraqi market is considered one of the most important export markets for the national industry. The second is after the United States, which requires all parties to follow and continue to break the obstacles that lead to the return of life to normal, especially in the export side between the two countries, Trade between the two countries and the activation of land transport lines, which is the only artery that connects Jordan in Iraq. "
Al-Smadi said that the reduction of costs through the decision in case of application reflected positively on increasing the competition of the Jordanian product within the Iraqi market, except that the decision guarantees the highest level of safety of the goods being transferred from the factory land to the trader directly.
The Chamber of Industry and Trade and the Iraqi Embassy in Jordan through the Ministry of Foreign Affairs to activate this agreement for its importance to the national industry, especially that Iraq is one of the most important export markets of Jordan.
Al-Husami said that "there are promises from all parties to activate this decision in the near future, noting that the industrialists are building great hopes on this decision in addition to the decision to exempt Jordanian goods from customs duties to return to the Iraqi market as strongly as before the occurrence of security events on the border between The two countries, "noting that" the exchange arena was a significant obstacle to increase and revive trade exchange between the two countries as they damage the goods and bear the exporters additional financial burdens. "
"The rapid implementation of the resolution is a very important step that will push national exports to a higher level, especially as Jordanian goods are still very popular in the Iraqi market," he said.
The head of the National Alliance, Ammar al-Hakim, told the Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah that the Iraqis are serious in forming a service government able to overcome the crises.
"Al-Hakim met at the outset of his visit to Kuwait with the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and discussed with him the bilateral relations between the two brotherly countries and ways to develop them as well as political developments in the region and the world, And ways to reduce congestion and escalation. "
"Iraq today is different from any stage in which the military, political and social victories and its success in its adherence to the democratic path through the holding of the last parliamentary elections in the country," Hakim said.
He also stressed that "Iraqis are serious about forming a government of service capable of overcoming crises, without antagonizing any party and building the best relations with the countries of the world and the region and the neighborhood on the basis of common interests."
"Iraq is a strong independent and stable necessity for the security and stability of the region."
"The region is experiencing a situation of escalation in positions that do not serve any side," al-Hakim said, calling on all to "shoulder their responsibilities in averting the possible dangers of this escalation and working to bring together the regional parties at the table of a joint dialogue."
The Presidency of the House of Representatives decided on Wednesday to hold an extraordinary session on Thursday.
The Information Service of the Council in a statement received / Mawazine News / a copy, "The Presidency of the Council of Representatives decided to hold an extraordinary session on Thursday, 24/5/2018 at 4 pm."
The department added that "the decision was based on the request made by a number of deputies, which are focused on the transparency and integrity of the electoral work."
On Saturday 19 May 2018, the Chamber of Deputies held a deliberative session to discuss the election results
The Rafidain Bank on Wednesday set the deadline for granting loans to citizens and employees to buy modern cars by installments.
"The period of repayment of car loans is up to five years, including a three-month grace period," the bank's information office said in a statement received by Mawazine News.
He added that "the type of loan granted for the purchase of cars was determined by installments from the branches of the bank deployed in Baghdad and the provinces," noting that "the citizen and employee can see the conditions to buy the car by going to branches of the bank."
The Central Bank of Iraq announced on Wednesday the purchase of treasury transfers of 50 billion dinars by two banks.
The bank said in a statement received by Mawazine News that it had approved an auction for selling Islamic certificates of deposit for a period of 14 days and 100 billion dinars.
He added that he "cut at a flat rate and at a rate of return of 0.70%," noting that two banks bought remittances. "Ended 29 / a 43
The general index of the Iraqi Stock Exchange closed Tuesday, up 0.24%, at 602.43 points, winning 1.43 points, compared to Monday's closing level.
Followed by the modern sewing sector (3.64%), Investment Bank (2.44%) and Islamic Bank (2.27%).
On the other hand, 9 shares declined, led by Light for Financial Transfer by 20%, followed by Babil Bank (4.35%), Elaf Bank (4.17%) and Asil Cell (2.91%).
The volume of trading today fell to 583.53 million shares, compared to 6.57 billion shares in the previous session, and the value of trading to 416.29 million dinars, compared to 6.6 billion dinars in the previous session.
The shares of Bank of Baghdad trading volume and value, through the circulation of 325.85 million shares, the value of 156.41 million dinars. The end of 29/6 n
The Central Bank approved on 21/5/2018 the auction of ICD110 for the sale of Islamic certificates of deposit for a period of 14 days and the amount of JD ( 50 ) billion (JD 50 billion) and certificates were sold at (10,300 ) million dinars at a uniform rate and the highest rate of return ( 0.70% , And the number of participants ( 2 ) bank has won the amounts provided.
Baghdad / .. The Legal Committee in the House of Representatives, Tuesday, that the new parliament can hold its first session after the ratification of the Federal Court on the names of the winners of the elections, indicating that the meeting is convened at the invitation of the President of the Republic.
"The Constitution clarified that the Federal Court when the ratification of the winning names and within 15 days from the date of ratification must be an invitation from the President of the Republic to the new parliament to convene and be the Speaker of Parliament is the oldest member to complete Mechanisms of the Presidency of Parliament ".
Al-Saadoun added that "the House of Representatives at this stage or in the extraordinary session can not violate the law that was voted by the Council, which is electronic voting," explaining that "there are legal bodies, the judiciary formed under the system of the Commission of the Iraqi Court of Cassation can be challenged before the results The election".
He pointed out that "under the law, the results when it shows the right of any party to appeal before the Judicial Committee and then challenged before the Federal Court after the names of the Commission to the court and approval."
The Electoral Commission announced on Saturday (12 May 2018) the "success" of the voting process that took place in Iraq with a participation rate of 44.52, in the first elections in Iraq after the victory on the organization "Daash" and the fourth election since the fall of the former regime to choose a parliament New Iraqi.
The preliminary results of the elections in all of Iraq, according to the announcement of the Commission, issued a list of followers followed by the conquest alliance and then the victory coalition.