Good news for customers and Moattin Euphoria for some busy politicians of corruption :: Iraq becomes the second largest crude oil producer in OPEC

08/13/2012





The adviser said the prime minister for Energy, Hussain al-Shahristani said Iraq's production of crude oil now stands at three million and two hundred thousand barrels per day, which is higher than the rate at which is produced by countries such as Iran and the UAE and Kuwait.

Shahristani said in a press statement today that Iraq is now the second largest crude oil producer among the Member States of the Organization of Petroleum Exporting Countries.

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Exchange contract with Amax NASDAQ Global Devlopment Trading

08/13/2012

BAGHDAD / JD / .. Head of the Board of Governors of the Iraqi market for securities ruled Laith al-Tamimi had signed an agreement with an international company to develop the mechanics of trading Alalictona in the local bourse.
Timimi said in an interview / JD / that the agreement signed with Company Amax NASDAQ Global requires the adoption of the X-Time, one of the most recent regulations adopted in the world, pointing out that this system will transfer the Iraqi market for securities to the ranks of global financial markets.
He pointed out that the market works to hold the necessary updates required by the adoption of this system.
The Iraqi market for securities has stepped up his contacts in the past months with the most global stock markets in order to develop the performance of the stock exchange, soul to world services / Finished / 21 h /

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Expert calls for the House of Representatives to speed up the adoption of the new banking law to support the banking sector

  8/13/2012

Baghdad (news) .. Called for a banking expert Ghazi Kanani need to speed up passage of the Banking Act to support the new banking sector in Iraq, the fact that the current law is inconsistent with other laws making banking work irregularly.
Kanani said (of the Agency news): Some of the paragraphs of the Banking Law No. (94) for the year 2004 marked by a lot of mistakes and conflict with other laws as law sanctions which made the work of banks in Iraq is not a regular.

He added that the Iraqi banking system needs to be discreet law allows it to bring technological modern banking in his work, pointing out that the House of Representatives in connection with new legislation regulating the work of Iraqi banks globally according to the mechanism must be followed quickly by endorsing support of the Iraqi banking sector.

He pointed out: that all economic laws, including the Banking Law requires constant adjustments to once in a while and is supposed be adjusted by the professionals and people with expertise and professionalism in the field of economic development and support of the national economy.

It is noted 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. N . r /

 

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Chalabi: You should check the source of funds paid by the huge Iraqi banks to buy dollars in order to avoid the collapse of the dinar exchange rate

 8/13/2012

Baghdad (news) .. Called on the Iraqi National Congress leader Ahmad Chalabi, the central bank and financial players responsible to check the huge sources of funds paid by the Iraqi banks to buy dollars from the Central Bank.
Chalabi said in a statement received by the Agency (news) a copy of it on Monday: The Iraqi banks paid 3 trillion and 749 billion dinars for the fourth month of this year, 4 trillion and 634 billion dinars to buy dollars in the fifth month of this year, with paid 4 trillion and 177 billion dinars in the past six months.

He added, so you have to wonder, Where did you get these banks to the massive amounts of Iraqi dinars to buy dollars at an auction in the Central Bank of Iraq?.

He explained: that the Board of Supreme Audit and the Central Bank of Iraq are urged to check account customers, because it is known that the banks are prohibited from buying foreign currency and speculate on its behalf if it is not there to have a customer who has a reason to buy dollars, according to law and order.

He continued, should also check where did these customers on these large amounts of Iraqi dinars to buy such large amounts of dollars.

He said that the Central Bank of dollars to prevent the bank account to the buyer's correspondent bank, the Central Bank and the right to request access to the bank account statement to the local Iraqi reporter with any bank in the world.

He continued: It is essential to the central bank to look at and analysis on the transfer of dollars bought by the correspondent bank after conversion from Iraq, if the these parties Office of Financial Supervision and the Central Bank analyzed the purchases of the dollar would amount to the fact of the money laundering and the transfer of foreign currency from Iraq, in contrast with the law.

Chalabi called for parties concerned to study the matter seriously because any collapse in the Iraqi dinar exchange rate would have significant negative consequences affecting the poor and low-income, because commodity prices will double them. / Finished / d. Q /

 

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Member of Finance Committee denies the disengagement of the Trade Bank of Iraq Council of Ministers .. And emphasizes survival, according to the law will vote soon

 8/13/2012

Baghdad (news) .. Denied by the Finance Committee MP / Kurdistan Alliance / Najiba Najib, reports that disengagement of the Trade Bank of Iraq by the Council of Ministers.
The answer (of the Agency news) said on Monday: the enactment of a special new Bank of Iraq to trade provides for its survival is linked to the Cabinet for its specificity, it is one of the large banks in Iraq and has a capital of high and has proved successful in the international and domestic trade, making the state rely on it heavily .

She explained: was the first reading of the law during the last sessions will be voted on by the House a long-Fitr festival, to ensure the survival of the bank is linked to the Federal Government.

She added: no truth to the news that reported transfer dependence Bank of Iraq trade from the federal government to the Ministry of Finance or the Central Bank, noting that the central bank is the point of control over banks and all subject to his control and controls determined by, as well as that the main control of the monetary policy of the state. / End / 8. d. Q /

 

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Member of Finance Committee: The Central Bank on the outside of the big money was unaccounted for and gave an incomplete answer to the causes of problems

 8/13/2012

Baghdad (news) .. Student member of the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri, the central bank to answer all the questions the wave to him about the smuggling of money and the process of removing the zeros, and not give answers "incomplete" for members of the mini-committee which was sent to the Central Bank to investigate all violations that have occurred recently.
Yasiri said (of the Agency news) said on Monday: The Central Bank gave answers incomplete for members of the smaller committee, which sent a fact-finding about the violations and the problems of the central bank, demanding, Bank giving full answers about the sale of foreign currency and transferred abroad and aim to increase the balances in foreign banks that reached (97) billion dollars.

He added that the Finance Committee formed a sub-committee consisting of three members to find out the problems of the Central Bank and the reasons for the occurrence of violations in the bank and find out the companies that will deal with the bank for the printing of new currency and the goal of eliminating zeros from the currency Will serve Iraq or not, but the central bank did not give answers Full of all the Committee's questions.

The Yasiri: the central bank to transfer money abroad to great did not know its fate, whether for commercial purposes or for purposes other personal Kgusal money.

A: You must provide all information and documents to members of the Committee to find out the fate of the funds transferred abroad, and on the Central Bank cooperation with transparency to clarify the causes of violations and the fate of public money. / End / 21. D. Q /

 

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Iraqi candidate for the defense: Multi candidates for security ministries will be decided after Eid al-Fitr

 8/13/2012

Baghdad (news) .. Confirmed candidate coalition, the Iraqi Ministry of Defense MP Talal Zobaie, to resolve the candidates of the ministries of interior and defense will be after Eid al-Fitr holiday.
Zobaie said (of the Agency news) said on Monday: The security situation went Maroc serious recently and the form of a pressure factor on the political blocs to push to nominate ministers of interior and defense being managed by proxy has failed and requires the presence of Ministers formally and constitutionally bear the Colossus and diagnose the error, not that there are justifications unrealistic After each assassination or bombing.

He added that the Prime Minister must be more serious and pressing demand of the political blocs to submit their candidates for the two ministries and the House of Representatives voting to accelerate without delay.

He pointed to: that things tend to settle the matter after Eid al-Fitr holiday, which is heading towards the political movement in order to settle the matter of public interest and achieving security in the country. / Finished / d. Q /

 

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Vice Kordstani: Barham Salih Download Agreement Erbil to Baghdad .. and will wait for the return of President Talabani to start negotiations

 8/13/2012

Baghdad (news) .. MP for / Kurdish coalition blocs / Hmokhta Qassim Mohammed, that the Kurdish delegation, who arrived in Baghdad yesterday, carrying the terms of the Erbil and will remain in Baghdad until the return of the President.
He said Hmokhta in a statement (of the Agency news) said on Monday: The delegation, which arrived yesterday in Baghdad led by Prime Minister of the Territory former leader of the Patriotic Union of Kurdistan, Barham Salih, carrying with him the terms of the Arbil and signed by the leaders of the three (Prime Minister Nuri al-Maliki, and Prime Kurdistan Region Masoud Barzani, and the existing Iraqi President Iyad Allawi) before the formation of the government.

He added that the delegation will be waiting for the return of President Jalal Talabani of the country in order to meet the other political blocs to resolve outstanding problems between the political parties.

He said the Attorney for the Kurdish coalition blocs to: the political arena Chhada positive mobility through bilateral meetings between the political blocs to bring the views and to overcome the differences of the dismantling of the crisis.

And Hmokhta: that the meetings between the political blocs to help melt the accumulated ice and the political process moving forward.

Is still the political scene dominated by policy action and reaction counter, when decided opponents submit a request to interrogate al-Maliki, responded last request to withdraw confidence from the House of Representatives Speaker Osama Najafi, as well as Turahqat Media mutual threatening to expose the abuses and violations of constitutional and determine how each other, what pour oil on the fire and increases the severity of the crisis. / Finished / 2. n. r /

 

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Jaafar al-Moussawi: the National Alliance Send a message reassuring the blocks for the application of the reform process

 8/13/2012

Baghdad (news) .. Liberal bloc stressed member of the Sadrist movement MP / National Alliance / Jaafar al-Moussawi, the need for the coalition to send a message Ttminh of the political blocs on the application of the reform process, in order to remove the mistrust between the blocks.
Moussawi said in a statement (of the Agency news) said on Monday: The trust between the blocks missing, and each questioned the other, and the continuation of this question does not lead to any result, adding to the National Alliance Send a message of reassurance to all the political blocs include real reforms amid a time limit and guarantees on the paper and application.

The MP for the National: the message will be the beginning to remove Almaudh confidence between the political blocs and to begin the reform process, noting that reform include everyone and give them feedback on the process.

The political scene of Iraq, a lot of bilateral meetings between leaders of the blocs, especially in the month of Ramadan, and did not come out any meeting, including the agreement of a final between the parties on the problem-solving mechanism, in light of the continued adherence to the blocks, which met in (Arbil - Najaf) submit a request to question Prime Minister Nuri al- Maliki, and the insistence of the National Alliance on the reform process, rather than questioning. / Finished / 7. n. r /

 

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