Banks
Economy News - Baghdad
Al-Ahli Bank announced on Sunday the signing of an agreement with the International Finance Corporation concerning the bank's accession to the World Trade Finance Program through which the Corporation will guarantee the bank 10 billion dollars against letters of guarantee executed by the Iraqi bank to its customers. The agreement is an important "starting point" for the bank.


"The bank signed a memorandum of understanding (MoU) with the Iraqi National Bank and the International Finance Corporation (IFC) today with regard to the NCB's accession to the World Trade Finance Program, through which the Corporation will guarantee 10 billion US dollars against letters of guarantee Which is implemented by the Iraqi bank to its customers. "


"The memorandum of understanding concerns the Bank's support in terms of enhancing corporate governance to ensure best practice in this area, especially as it has been announced by the Governor of the Central Bank to issue a revised guide to the modified governance of banks," Al Salem added. Al Ahli to the global trade finance program because it grants the ability to finance companies and global banks and ease the conditions required by the international banks, the most important of which is cash. "


"The Iraqi Bank has been able to open up to the outside world, which enabled it to obtain trade finance and a number of correspondent banks, which enabled it to provide foreign trade financing through the volume and appropriations issued about 700 million dollars in 2017, That "the reopening of the border with Jordan, which led to the increase in trade exchange between the two countries since the beginning of this year, and we expect that the credits will see further increase during the current year."


Al-Salem said that "the bank obtained the first place in the exploitation of the initiative of the Central Bank related to the financing of small and medium enterprises and occupies the second place among the private banks in the project to settle the salaries of employees," noting that "the Central Bank hailed the bank's development of the banking sector and the Iraqi economy "He said.


"The signing of the agreement is an important starting point for the bank to develop and move towards the networking of international relations and the stabilization of its position and foreign relations, as it is an important and vital issue in the banking sector," said the governor of the Central Bank, pointing out that "the banking sector without a real arm And extensive external relations can not be able to progress and development and the completion of many services and products.


He added that the banking sector in Iraq has begun to be of importance to international institutions, as well as expressing the opposite of confidence in dealing with the issue.


He continued: "At the level of Iraq, we have taken an important step in strengthening Iraq's status in the classification of combating terrorism and the financing of terrorism, which has become an issue in the dealings between countries," pointing out that "the classification was obtained by the international financial work that moved Iraq during the two years of the region Gray to an ongoing area to the continuous follow-up area to which all the country is subjected, and this gave strength in dealing with foreign institutions. "


He pointed out that "a series of actions took place within the banking sector through the promotion and consolidation of international practices and standards that have been able to move the banking sector to another situation, and there are other applications in compliance and the principles of governance," noting that "the central bank developed the banking sector, To absorb internal and external financial transactions and implemented advanced protection systems and the national payment system is one of the most advanced systems in the world. "

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Economy News Baghdad
The head of the Association of Iraqi Private Banks, Wadih al-Hanalal, stressed the need to build a generation of young people capable of building their cities destroyed by terrorism, stressing the need for an attractive environment to invest in these cities.
He said during the conference "Emancipation of liberated areas" held on the sidelines of the Baghdad International Fair, and attended by "Economy News", "Iraq is built only by his sons," stressing the "need to build a generation capable of this construction."
He added that "to achieve the construction process must be provided jobs for them through loans and initiatives provided by the banking sector in Iraq," pointing to "the need to provide investment environment for investors in liberated areas and give priority to the firm companies as well as the elimination of bureaucratic procedures."
The governor of Anbar province, Ali al-Dulaimi, said that the damage to the governorate's infrastructure ranged from 80 to 90 percent, adding that efforts had been made to return a large part of the displaced within four months of liberation.
He stressed that the province does not know how much its share of the "Kuwait Conference", "counting on the completion of the government lineup," as he put it.
He added that Anbar province will witness the establishment of several projects in the next year, including the sewage project worth 140 billion dinars.
Meanwhile, the director of the municipality of Mosul, Engineer Abdul Qader Jbeil Khader Habo, that "Da'ash destroyed on the right side 12 thousand housing units, was destroyed Al-Shifa Medical Complex, which is similar to the city of medicine in Baghdad, in full." 
The financial adviser to the Association of Iraqi Private Banks, Samir Nusairi, said on the sidelines of the conference that "the destruction of the cities that he controlled calls for the need for many years of reconstruction," calling for "the need to take the government to the private sector to participate in the reconstruction process." 
He stressed that the banking sector is struggling through its banking services to facilitate the reconstruction of cities destroyed by Dahesh.

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Economy News Baghdad
Called members of the House of Representatives representing different blocks, Monday, the formation of a commission of inquiry on the decision of the General Secretariat of the Council of Ministers refused to install the employees of contracts as employees in the State Departments.
The document, which was read by the "Economy News" and addressed to the Speaker of the House of Representatives, that "Based on Articles (82, 83) of the rules of procedure, insert the signatures of the members of the House of Representatives number (50) and enclose herewith the book of the General Secretariat of the Council of Ministers (29800) on August 28, 2018, which rejected the recommendations that emerged from the committee formed by the Diwan Decree No. (38) for the year 2018 and the directives of the meeting of the Council of Ministers taken at the fifteenth regular session held on 10 April 2018. They requested the formation of an investigative committee to explain the reasons for not appointing Contracts and procedures, although this was included in previous financial budgets "He said.

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​A training course entitled "Combating Money Laundering and Terrorist Financing" for 25-2018 / 11/27    https://cbi.iq/news/view/919

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​A training course entitled (Counterfeiting and counterfeiting of local and foreign currency and their equivalents in real currency) for the period 12-2018 / 11/13   https://cbi.iq/news/view/921

​On Thursday, 2018/11, MP Faleh al-Khazali confirmed the completion of the official approvals of 95% to include the neighborhood services project (Yassin Khreibat) within the urgent and important projects
MP Faleh al-Khazali said that the province of Basra was subjected to great injustice by the suspension of projects by the Council of Ministers Resolution No. 347 for the year 2015 and stopped thousands of projects in Iraq led to the disappearance and waste of large amounts and we provided a detailed study on this decision and its implications in the hope of the new government to take into account the budget and 2019 ignored the treatment of suspended projects
He pointed out that the Deputy Khazali to areas not served, including the secretion of 73, 74 and 76 projects and Qurna and Zubair and Medina and Shatt Al Arab will be a priority of the 2019 projects and the province bears its responsibilities
MP Faleh al-Khazali thanked the governor of Basra and the head of the advisers in the prime minister and officials of the Ministry of Planning to follow up the addition of the project Al-Ghadeer (Yassin Khreibat) within the urgent and important projects.


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Rep. Hoshyar Abdullah on Saturday 10/11/2018 to allow the members of the House of Representatives Kurds to speak the Kurdish language during the meetings of the House of Representatives, and the preparation of technical matters to translate into Arabic.

He added MP Abdullah during a press conference held in the information service of the House of Representatives, "I ask the presidency of the Council to allow members of the House of Representatives Kurds wishing to speak the Kurdish language as approved by the Iraqi Constitution in Article IV (first and second). 
MP Abdullah called for the provision of technical issues of translation through the provision of translators and other needs.

Department of Information 
House of Representatives 
10/11/2018


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Called members of the House of Representatives for the provinces of Najaf and Karbala on Saturday 10/11/2018 by deducting a percentage of the fees paid by foreign visitors to Iraq and include in the budget in 2019. 
Said MP Moussawi al-Musawi at a press conference held in the House of Representatives with the deputies of the provinces of Karbala and Najaf that "as we approached On the basis of Article (60) and Article (61) of the Constitution, we wish to include a paragraph in the draft budget for 2019 and restore the work of the budget (visitor dollars) and reallocate the revenues generated by the entry feature of foreign and Arab visitors To visit the thresholds Holy all of the provinces (Najaf and Karbala and Salah al - Din / Samarra and Kadhimiya in the capital of Baghdad), which have been stalled since learned 2012 in order to renew their infrastructure and increase service projects that Taathalk because of the delegations of millions of visitors have to be spent on visitors services and infrastructure. "
"Deputies of the provinces of Najaf and Karbala, the holy city, presented the request, in which the deputies agreed with their signatures and their position, headed by Speaker of the House of Representatives, Mr. Mohamed Halabousi, for inclusion in the discussion of the budget law of 2019 and taking into consideration the request submitted."

 

Department of Information 
House of Representatives 
10/11/2018

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The House of Representatives voted in its 12th meeting held under the chairmanship of Mr. Mohamed Halboussi, Speaker of the House of Representatives, on Saturday 10/11/2018. In the presence of 237 deputies, the names of the members of its permanent committees were reduced to 22 committees and a decision to resume the work of the Board of Commissioners and General Directors of the Electoral Commission. Discuss the issue of provincial and district elections.

At the beginning of the session, which was opened by Mr. Hassan al-Kaabi, First Vice-President of the Council, the issue of elections of provincial councils and districts was discussed after a detailed presentation by the Legal Committee.

The MP reviewed the report of the Legal Committee in which he pointed out that the law of provincial and district elections was made several amendments in the previous electoral cycle, including the abolition of district councils and the determination of the bachelor's degree for candidates, as well as the amendment of the paragraph on the province of Kirkuk, noting that the Federal Court issued a decision Stating that Article 23 of the Provincial Councils Law contravenes articles 15 and 16 of the Constitution.

In the interventions of the ladies and gentlemen MPs, MP Burhan al-Mamouri called for resolving the issue of the High Commission for Elections and its follow-up and setting a date for holding the elections.

The MP Ammar Tohma, the importance of adherence to the constitutional deadlines to maintain the democratic system and the rotation of power and provide opportunities for reform, calling for a review of the mechanism of forming the Electoral Commission.

The MP Hisham Suhail to the need to speed up the formation of a new Council of the Commission and amend the law of elections legislator.

MP Kazem al-Shammari called for amending the third amendment law of the electoral commission law.

In turn, MP Hassan Khalati called for lifting the freeze of the work of the current Council of the Commission to perform the tasks entrusted to it.

The MP Ahmed Jubouri that the disruption of the work of the Electoral Commission does not serve the electoral process and the activation of its work is necessary to prepare the procedures for provincial elections.

MP Ershad Salhi rejected the continuation of the current Council of the Commission, which may lead to non-participation of the components of the province of Kirkuk in the upcoming elections.

He called MP Faisal al-Issawi to direct a letter to the Council of Ministers and the Commission to set a date for the elections of provincial councils and districts.

MP Basma Mohammed Basim called for the return of displaced people to their areas in Nineveh province to ensure their right to vote, a proposal to abolish the provincial councils and keep the councils of districts and districts.

MP Riad Mohammed al-Masoudi stressed the importance of setting a date for the elections to allow the work of the Commission.

MP Mzahim Mustafa, with the exception of a number of aspects of the province of Basra, suggested that it cancel its economic status or turn it into districts.

MP Aswan Salem Sadiq called for the abolition of the modernization of a special register for voting for Christians to avoid creating discrimination between the Iraqi people and adding other clauses in the law concerning quota seats.

He drew MP Adnan al-Asadi to the need to adopt a system of counting and sorting manual to avoid the problems that occurred in the elections of the House of Representatives.

MP Faris al-Barefkani discussed the importance of transfer of powers to the provinces, especially Nineveh province, in addition to setting a time limit for holding elections.

The MP Hassan Salem that the provincial councils represent an overburden and cause the weighting of the state budget and cost of sums paid by the Iraqi citizen.

For her part, MP Vian Sabri called for overcoming the obstacles, especially the return of the displaced, and amending the proportion of the amended law of Saint-Leco to ensure proper representation of the components.

MP Ashwaq Karim asked to reduce the number of members of the provincial councils by half to reduce the expenses, it is proposed that the member of the Council received a minimum degree.

He urged MP Qusay Abbas to consider the representation of components in UNHCR offices in the provinces.

MP Dylan Ghafoor called for the need to represent the farmers in the provincial councils, as well as the other Iraqi components.

For his part, MP Mohammed Shiaa Sudanese stressed the need to find a solution to the reluctance of citizens to participate in the elections and address the repercussions that accompanied them in the previous stage.

On the same matter, the Council voted on a parliamentary resolution stating (based on the provisions of Article 5 of the Third Amendment Law for the Iraqi Council of Representatives Elections No. 45 of 2013 Amended and in view of the completion of the investigation with the current Board of Commissioners and the completion of the work of the judges assigned to the public interest, Current and general managers formed under the law of the Independent High Electoral Commission No. 11 of 2007 amended).

On the other hand, Mr. Mohamed Halboussi stressed the keenness of the Council in the formation of parliamentary committees to exercise control and legislative work and fair representation of all members, announcing the reduction of the number of parliamentary committees and an amendment to the rules of procedure.

In addition, the Council voted to amend the rules of procedure by merging the Culture and Information Committee with the Tourism and Antiquities Committee, merging the committee of member affairs with the Civil Society Organizations Committee, merging tribal committees, reconciliation, accountability, endowments and religious affairs into one committee, integrating the Labor and Social Affairs Committee with the Committee on Displacement and Emigrants, The committee of the martyrs and prisoners, as well as the addition of the Committee on Transport and Communications to ease the work on the Services and Reconstruction Committee to become the number of parliamentary committees 22, and set the maximum limit for each committee with 21 members, in addition to the authorization of the presidency of the Council the right to transfer two members of each committee.

The Council voted on the distribution of ladies and gentlemen to the Standing Committees.

Mr. Al-Halbusi announced the hosting of the House of Representatives by the Governor of the Central Bank and advanced cadres in the session on Monday.

Then it was decided to adjourn the meeting until next Monday 12/11/2018

Department of Information

Parliament

10/11/2018



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Advisor to the Ministry of Industry and Minerals for Development discusses with Chinese delegation ways of joint industrial cooperation and investment opportunities The Advisor of the Ministry of Industry and Minerals for Development, Abbas Nasrullah Mahan met with a Chinese delegation representing a group of Chinese companies specialized in engineering construction to discuss ways of industrial cooperation and investment opportunities available in all industrial fields .

During his meeting with the Chinese delegation, the advisor met with the Director General of the Department of Industrial Development and Organization Alaa Mousa, the Director General of the General Directorate for Industrial Development Salam Saeed Ahmed and the Assistant Director General of the Technical Department Khalil Ibrahim Obaid the ministry's desire to enter Chinese companies to work with companies of the Ministry of Industry and Minerals In all industrial fields, explaining that the ministry has an integrated file on the investment opportunities available in various areas, including industrial cities, petrochemical industries and construction For his part, the Chinese delegation gave a detailed presentation on the possibilities of the Chinese companies group and the most important projects implemented in various countries in the world in various industrial fields such as construction, petrochemicals, oil and other projects. The Chinese delegation expressed its desire to work with companies of the Ministry of Industry and Minerals and to enter into active and important partnerships to implement new projects. And promising to serve the Iraqi industry and aims to develop the Iraqi economy

http://www.industry.gov.iq/index.php?name=News&file=article&sid=3936

Al-Jubouri said in his speech during his participation in the forum of Iraqi and Jordanian businessmen held on Saturday evening under the patronage of Jordanian Minister of Industry, Trade and Supply Dr. Tareq Al-Hamouri and attended by a large number of ministers, heads of bodies, members of parliament, security leaders, ambassadors, personalities, businessmen and investors from both countries. This forum is an opportunity to consolidate relations between industrialists, traders and businessmen in Iraq and Jordan and activate the role of investors and companies through the conclusion of contracts to serve the development process in both countries, especially that Iraq at the stage of He stressed that the current Iraqi government is determined to successfully move towards new development horizons and make a qualitative shift in the level of relations with the countries of the Arab world, regional and foreign and at all levels after the efforts that Has been made by the previous government to overcome the problems that hinder the process of economic development through the implementation of plans aimed at improving the economic situation through openness to the private sector and capital investment and attract more investments and activation of tariff laws AlkammerNational product protection and consumer protection . Al-Jubouri pointed out that the Ministry of Industry and Minerals has taken important steps and adopted plans and reform programs and developed an integrated vision aimed at developing industrial activity in Iraq and enhancing the competitiveness of the local industry through supporting partnership with the private sector and attracting local, Arab and foreign investments, pointing out at the same time that Iraq Is moving towards the achievement of comprehensive economic development, making this the perfect time for Jordanian companies and investors to start new projects and expand existing projects in light of the government's commitment to support private sector projects, infrastructure development, Iraqi capabilities and upgrading all sectors. For his part, the Jordanian Minister of Industry, Trade and Supply said in a speech that the Jordanian delegation's participation in the Businessmen Forum comes from the historical and strategic relations between Iraq and Jordan and the religious and national ties and the common interests between the two countries. And opening new markets to the national industry, and expressed readiness to provide all necessary facilities for the entry of Iraqi businessmen and work in the Kingdom .
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(Baghdad: Al-Furat News) The Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah stressed his country's readiness to stand by Iraq in the reconstruction.
"The Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah received on Sunday President Barham Salih, who is visiting Kuwait as the first station in his Gulf tour which he started today," a presidential statement received by Al-Furat News news agency said. 
He added, "The greetings of Dr. Barham Saleh on the occasion of assuming the post of President of the Republic, expressing his full confidence in his sovereignty in the development of relations between the two countries. 
"The State of Kuwait will spare no effort to help Iraq and stand by its side in the reconstruction phase after the elimination of terrorist gangs," he said. 
For his part, President Barham Saleh stressed the "depth of relations between the two brotherly countries which have become a model in the region," adding that the opening of his Gulf tour from Kuwait is a message in itself to prove the importance of relations between the two brotherly countries. He also called for the need for Iraq and Kuwait is a unified position in international and regional forums, because of the similarities of conditions and interests of the two brotherly peoples. " 
He pointed out that "the two countries should unite together to achieve full stability in the region in order to provide job opportunities for youth and reconstruction, noting that the peoples of the region have suffered greatly from the effects of the dispute and the need to look for the future and work on it." "We are determined to overcome the effects of the past, look forward to the future and focus on our common interests," he said. 
"The importance of the two countries to have common areas on the financial and investment levels," he said, calling for the establishment of new transport routes and railways for the end of economic and cultural relations between the two countries and the two brotherly peoples. 
Saleh reiterated his full solidarity with the leadership, government and people of Kuwait in the crisis of floods, stressing that "Iraq shows readiness at the public and official levels with the help of the sisterly State of Kuwait in overcoming the crisis." 
The President of the Republic pointed out that "his visit to the State of Kuwait will see the delivery of a batch of Kuwaiti property and materials in the coffers of the Iraqi Foreign Ministry, provided that the rest of the property in subsequent installments."

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