Member of Finance Committee: Negotiations are continuing with Kuwait to extinguish the debt .. And remove Iraq from Chapter VII will be achieved soon

 Wednesday 07/11/2012

Baghdad (news) .. Most likely a member of the Finance Committee MP / National Alliance / Secretary Hadi, lifting the seventh item imposed by the United Nations on Iraq soon after ongoing negotiations with Kuwait to extinguish the debt or financial reference.
Said Hadi (of the Agency news) on Wednesday: There are committees of the problem by both Iraq and Kuwait on how to pay financial debts owed to Kuwait and turn off each other, adding that negotiations are ongoing and continuous for the purpose of raising Iraq from Chapter VII imposed on it by the United Nations since the Nineties the past.

He added that these negotiations will come to raise the positive results of Chapter VII and soon, possibly within this year.

And give Iraq the membership of World Trade, said that Iraq's entry into the WTO is not subject to the lifting of Chapter VII, but there are some powerful countries in the Organization required the lifting of all UN resolutions imposed on Iraq to be granted membership of the organization.

He pointed to: that Iraq does not need this organization unless it has a robust economy, backed by the sectors of great economic Kalsnaaah and agricultural because the local product is unable to products imported from large countries that have membership in the organization, as well as they need political stability and security in the country Because the Iraqi border will be open for States to supply their goods to Iraq.

And established the World Trade Organization in 1995, and is one of the smallest organizations the world lived, and is the successor to the General Agreement on Tariffs and Trade (GATT), which was established after World War II, and its primary objective is to help the flow and trade flow smoothly and freely.
Include the World Trade Organization (WTO) more than (140) members representing more than (90%) of world trade.

The previous system was ordered to invade Kuwait in 1990, the impact of sanctions imposed on Iraq from the international community and put under Chapter VII, which makes him the country threatens international peace and security.

Included international sanctions prevented the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons. Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, called the program (Oil for Food) No. (986). / Finished / 8. D. Q /

 

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Khalid Shwani confirms the irreversibility of mass Iraqi Kurdistan and to withdraw confidence from the Maliki

 Wednesday 07/11/2012

Baghdad (news) .. MP for / Kurdish coalition blocs / Khalid Shwani, that the masses gathered in Erbil will not back down on its decision to withdraw confidence from the prime minister only after they reach the paper reforms and officially be discussed for a final decision of them, pointing to a lack of confidence the government was due to lack of commitment by the recent political agreements.
Shwani said in a statement (of the Agency news): There are political agreements in the previous session and the current session and these agreements must be implemented and applied within a specific time period but this did not happen that happened to lack of confidence between the political blocs and the government.

He added: Now there are efforts to reform the political process and should we receive the paper formally and see what the content of the paper for a final decision from the political process and give our opinion that this paper could end the current crisis or just attempts as they were in the past, solutions and temporary and then exacerbated the crisis.

He said the Attorney for the Kurdish coalition blocs to: that the masses gathered in Erbil will not back down on its decision to withdraw confidence from the Prime Minister Nuri al-Maliki before it reaches the paper formally and see the contents of that paper.

The MP for the / Kurdish coalition blocs / Majid Ismail, said that the conference between the national leaders will not be held without the presence of the President, adding that the Kurdish leadership has lost confidence in the Prime Minister not to apply the terms of Arbil.

Ismail said in an earlier statement (the news): There is a misunderstanding between the Presidency of the Kurdistan Region and the federal government because of lack of commitment by the last terms of the Convention of Arbil on which government was formed for that has been lost confidence in the Prime Minister for not adhering to the conventions. / Finished / 2. For. M /

 

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Director of private banks: the start of preparations for the system (split national) in the final stages and formed a committee to choose a company to manage it better

  Wednesday 07/11/2012

Baghdad (news) .. Announced the Executive Director of the Association of private banks Abdulaziz, Hassoun, from reaching the final stages of the start of the system divided between the national banks, confirming the formation of a joint committee of the Central Bank and the ministries concerned to choose the best offers from international companies to manage.
The Goldfinch (of the Agency news) on Wednesday: The meeting was held between the Central Bank and the Association of private banks on the possibility of applying the system divided between the national banks in Iraq two branches of government and private sectors, and was taking the consent of the banks of the application of this system and linked to a unified communications network.

He added: There are international companies, solid bid for the implementation of this project been reached to form a joint committee by the Central Bank and the Ministries of Finance and Communications, as well as the media and communications to examine the offers made by companies to choose the company discreet capable device management and control, noting that the project reached its final stages and during the coming period will be the direct implementation.

He explained: that divided the national is a major organ like (Bbdulh communications) is erected in a particular place under the supervision and control of the central bank is managed by a global solid specifying the points of contact between the banks, are used in which all the cards electronic banking, both (credit or Alvezacard or Master Card) will not be limited to one card.

He said: that the rate of safety in which high and risks low, whatever the circumstances that will apply the system because it will be under the supervision and follow-up the central bank, pointing out that the most important features will promote the use of credit cards between citizens and facilitate their transactions and bank helps to introduce technological global banking.

The central bank announced the start of the establishment of a new electronic system called (split national) or telephone banks where all banks to link the Iraqi government and private network unified communications are managed by a specialized international company to facilitate banking operations.

It is noteworthy that the banking system in Iraq consists of forty-three banks as well as the central bank and distributed according to ownership between (7) state banks and (30) Bank of my family, including (7) Islamic banks in addition to (6) foreign banks. / Finished / 8. D . Q /

 

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