Mass change calls to make all efforts for the success of the Arab Summit to be held in Baghdad

24 February, 2012

He called for the mass change Sardar Abdullah to be focused all the efforts for the success of the Arab Summit to be held in Baghdad, calling on the Iraqi government and representation of Iraq to the introduction of the draft review and amend the Charter of the University because the political reality of the Arab and the Arab system has changed dramatically after the Arab revolts, stressing that Arab League is returning to Iraq because they left Iraq in a matter of distress and that Iraq did not leave the university, as they say.

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Iraq decides to release the budget early next month

24/02/2012 14:25

Baghdad, February 24 (Rn) - The Iraqi Ministry of Planning and Federal, on Friday, it will launch a budget in 2012 in the first of the month next to the ministries for the purpose of accelerating the implementation of important projects.

And approved the Iraqi government in its emergency meeting in (05/12/2011) budget in 2012 by $ 100 billion (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars).

The Iraqi Council of Representatives has approved a budget yesterday evening in 2012 after being held by a number of changes, notably raising the social benefits worth $ 100 billion.

The Minister of Planning Ali Shukri, told the Kurdish news agency (Rn) that "the Ministry of Planning decided to launch the budgets of ministries and provincial councils in the first of March in order to speed up the implementation of the budget."

"The parliament's approval of the budget in the second month of the year will contribute to the exchange of budgets on a regular basis by ministries and agencies and provincial councils."

He explained that "the government measures contribute to address many of the problems and obstacles facing the implementation of the budget on the ground and most of those measures direct coordination between planning and other ministries."

The protesting citizens on an ongoing basis on the lack of basic services that have not been able to successive Iraqi governments have provided despite the passage of nearly nine years to overthrow the former regime.

And ensure the activation of the budget in 2012 granting financial loans to citizens for the purposes of housing and farmers without financial benefits which may make them a way to find real solutions to the housing crisis and revitalize the agricultural sector.

And the expected adoption of the budget release 59 thousand degrees and across functional ministries and government institutions, which means to reduce unemployment rates in the country, which according to official sources, up to 15%, but a civil and international organizations say that the ratio is greater than that.

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Talabani congratulates Kuwait's National Day and calls for the consolidation of relations with

24/02/2012

The independent Iraqi news agency / Baghdad / and. X ... said President Jalal Talabani today on Iraq's desire to strengthen relations with Kuwait and push it for all the "defects", and called for the development in other areas of political, economic, cultural and social development, stressing the work to spread the "climate of fraternal" and closer "fraternal ties" .

He congratulated Talabani, in a telegram sent to the Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah on the occasion of National Day of his country and received (and the Iraqi News Agency Independent) a copy of which we offer congratulations to the government and the people of the State of Kuwait "to commemorate the National Day of Kuwait, and said" my own behalf and on behalf of the Iraqi people, we sincere desire to strengthen the fraternal relations between our two countries and push it all impurity. "

Talabani called on to "the development of relations between the two countries in other areas of political, economic, cultural and social," stressing the need to "work to promote the climate of fraternal and documenting the brotherly ties between our two peoples for the good of the peoples of Kuwait and Iraq."

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Mahma MP Khalil: the banking sector fails to cause the reluctance of investors to enter Iraq

Friday 02/24/2012

Baghdad (news) .. Download a member of the Economic Commission for MP / Kurdistan Alliance / Mahma Khalil banking sector caused by the reluctance of foreign investors to enter Iraq for the purpose of investment, as it still works according to the old laws and impeding the investment process.
Khalil said in a statement to the Agency (news) Friday: The banking sector of Iraq is one of the sectors underdeveloped in the region because it is still working systems of ancient non-sophisticated technology and has a staff administrative impede the investment process through the procedures of routine complexity, what led to the reluctance of foreign investors from entering Iraqi territory to for investment.
He added: There are many obstacles that stand in front of the investment process in the country including the failure to pass laws appropriate to invest and not to provide "logistics investment map", in addition to vital facilities of her, calling: to provide all the requirements of the investment process for the purpose of promoting the country's economy.
Deputy Khalil pointed to: that the Iraqi financial sector, which includes banks and stock market gave him a historic opportunity was not exploited in order to develop themselves at the opening of Iraq after the change around the world by not adapting to the banking and financial developments occurring in the world.
The World Bank adopted a development of the banking sector of Iraq through the formation of a committee by specialists and economists under the chairmanship of economist Majid picture for the purpose of restoring and rehabilitation of the Rafidain and Rasheed, and bring them into line with the evolution of the global banking modern. / Finished / 8. N. R /

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Iraqi parliament approved the budget worth 100.5 billion 2012 dollars

24/02/2012 07:39

Baghdad, February 24 (Rn) - Iraqi Council of Representatives approved on Thursday the budget in 2012, worth 100.5 billion dollars after a delay of weeks because of disagreements on how it was spent, which is usually accompanied by the adoption of state budget finances.

The House proceeded to vote on budget items yesterday afternoon and continued the session until midnight in the presence of 248 deputies, and headed by Osama Najafi.

And approved the budget on the basis of the average oil price of $ 85 a barrel and an average crude exports of 2.6 million barrels a day.

The budget forecasts a deficit of $ 12.6 billion will be funded from the bulk of the surplus in the calculation of the Development Fund for Iraq at the Federal Reserve Bank in New York.

The Fund was set up after US-led invasion of Iraq in order to guide the oil revenues to finance reconstruction and nutritional programs for Iraqis. Iraq and is filed the bulk of the proceeds of oil sales in the Fund.

The budget allocates $ 31.7 billion for investment projects, salaries and support system of food commodities, and $ 14.7 billion for Iraqi security forces.

And put the budget on the basis of an average oil exports this year of 2.6 million barrels per day, including 175 thousand barrels per day of the Kurdistan region.

The average oil exports last year's 2.165 million barrels per day and fell to 2.106 million barrels per day in January January

Iraq is trying to - a member of OPEC - the reconstruction of its economy ravaged by years of war, sanctions and relies heavily on oil revenues, which funds about 95 percent of its budget.

The budget for Iraq in 2011 amounting to 82.6 billion dollars on the basis of an oil price of $ 76.50 per barrel and average exports of 2.2 million barrels a day.

The MP for the Kurdistan Alliance bloc longings dry, told the Kurdish news agency (Rn) that "all revenue actually will go into the Development Fund for Iraq or any other form last replaced after deducting 5% of compensation for Kuwait war, or any other rate determined by the Security Council and repaid to the United Nations .

Dry and stressed that the people's representatives in the Council have made unremitting efforts for the adoption of the budget legislation, describing the budget as "good news for the Iraqi people."

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