Director of private banks: chaos in the work of private banks for the absence of a law regulating its work sober

Monday 02/27/2012

Baghdad (news) .. The head of the Association of private banks Abdul Aziz al-Hassoun to the need for a new banking law legislation regulating the work of private banks in Iraq.
Hassoun said (of the Agency news) said on Monday: The law of the current Iraqi banks no longer meets the need of banks, it was noted that through the application of the existence of a part of the paragraphs need to amendments or additions, which led to the reluctance of some private banks in their work.
The gesture Hassoun to: there are differences in some paragraphs of the current law by private banks, which confused her and made irregular in their work, adding that the Islamic banks are still operating without a legal code of its own and this is what makes a mess in the banking business in Iraq.
He called for legislation or amendment of the paragraphs of the Banking Act in order to organize the work of Iraqi banks, public and private service for the Iraqi state and its people.
As stressed by the Economic Commission for MP / coalition in Iraq / Qusay Gomaa need for new legislation supports the Iraqi banks two branches of government and private sectors for their contribution to the investment process and the reconstruction of the country.
Gomaa said in an earlier statement (the news): The banking system in Iraq is too late for modern systems and advanced in the world, Iraqi banks now are more like the offices of banking, and do not have an active role and vital role in the investment operations of the country, whether payment on credit or direct. / Finished / 8. for. m /

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Chalabi criticizes the policy of payment on credit and prepared a reason for the accumulation of debt on the country

Monday 02/27/2012

Baghdad (news) .. president of the National Congress Party, Ahmad Chalabi, the policy of payment on credit, considering it as a reason for the accumulation of debt on Iraq.
He said in a press statement: that there is promotion in the media by some about the abolition of Article (36) disrupt the work of government, but that the purpose of canceling shows that it permits the government external borrowing (or payment on credit) in the sense that it kind of borrowing, as this article is reason for the accumulation of debt on Iraq previously, which amounted to more than (140) billion dollars.
He added that this will not happen in the future because Iraq has the money, noting that the Constitution stressed the independence of the Central Bank and was attended by lending to the government and the government should come to parliament for leave to borrow.
He said Chalabi: The date of payment term that government has done in previous years and in particular the decision the Council of Ministers authorized the Ministry of Electricity contract with Nina for the processing of 2500 MW an amount 3 Miliro $ 175 million and the company the banks of the Rivers a total of total of 5000 MW and the authorization of the Ministry of Electricity also contracted with a Russian company and the other Swiss for processing material kerosene, and this decision was not presented to the House of Representatives and appeared later that these companies do not have a canceled contracts for electricity turned out to be fake and these companies borrow from banks, measures a bank and these measures are added price on the price of interest, company interest-free means it holds interest rate which gives him an interest-free, because it means a failure.
And: that since 2004 to 2012 was spent on the budget more than (600) trillion dinars and the Iraqi people are suffering in all kinds of services and all the elements of a decent life problem of electricity (eg the year 2002 arrived in the production of electricity, 5286 MW either at the present time produces the government less than 5000 MW), indicating This is a retreat after the reality of power in the country.
He explained: that the political decisions in the province of Kurdistan, which gave way to the private sector to produce 2000 MW without the need for aid.
Chalabi said: The problem of Alkahrabafa in 2002 reached 5286 MW is now producing the government from power less than 5000 MW, adding that Iran had produced the end of the Gulf War 3000 MW now have plants built 64 000 MW and produce 55 thousand Istalmunha. / Finished / Finished / for. m /

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Iraqi Finance: Distribution of 25% of the oil price increase on the citizens during the next June

27/02/2012

Erbil, February 27 (Rn) - Undersecretary of the Ministry of Finance of Iraq, said on Monday that 25% of the increase in the price of oil to be distributed to Iraqi citizens, will take place during the month of June next, indicating that the distribution process will be through agents distribution of food.

The Iraqi Council of Representatives has approved on Thursday (2/23/2012), the country's budget for the year 2012 the value was 117 trillion Iraqi dinars (about U.S. $ 100 billion), based on an average oil price of $ 85 a barrel and an average crude exports of 2.6 million barrels per day, 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 agent said the Iraqi Finance Ministry, Fadel prophet, told the Kurdish news agency (Rn) that "the country's budget for 2012 includes the distribution of 25% of the increase in oil revenues to Iraqi citizens, but can not the Ministry of Finance announced the amount of those sums now, because this depends on the oil prices, nor can be known only after the holy month of June next. "

He added that "It is not known yet whether or not funds will be increased, if increased, the best mechanism is the repetition of past experience when the distribution of compensatory payments for food rations to citizens, through agents of food."

And on the allocation of $ trillion Iraqi dinars to compensate those affected by the previous regime, said the Prophet that "this article were not present within the budget bill, but added to it by the Council of Ministers, so you're not familiar with the details yet, because they were not up to the ministry."

The draft budget law, a provision on the distribution of 25% of the increase in the price of oil, in case of skipping price of a barrel of oil barrier of U.S. $ 85 (current price is $ 120), the Iraqi citizens.

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Presidents Talabani and Barzani agree to convene a national conference Kurd .. and how strategic Ttoeralthalv between their parties

Monday 02/27/2012

Sulaymaniyah (news) .. The President of the Republic of the Secretary-General of the Patriotic Union of Kurdistan (PUK), Jalal Talabani, with the head of the Kurdistan region, Massoud Barzani, to hold a national conference Kurd, including all Kurdish political forces without exception.
A source in the Patriotic Union of Kurdistan (PUK) to write to the Agency (news) said on Monday: The Presidents Talabani and Barzani signed an agreement to hold a national conference Kurdish comprising all political forces in the Kurdish region, without exception, any party or political movement of the invitation to him, to reach a consensus on a range of issues belonging to the region, adding that they discussed the new plans and how the strategic Ttoeralthalv between the two main parties in the Kurdistan region.
The source added: that Barzani and Talabani also discussed forming a new government headed by Barzani, who had attended the meeting, stressing that the two sides reviewed the current situation experienced by the Kurdistan Region, Iraq and the changes in the region, especially with the approach of the National Conference in Baghdad, and continued: that President Barzani in the beginning of the meeting to assure the conditions and the health of President Talabani's health after the last procedure.
This has reached the Kurdistan Region President Masoud Barzani, President of the Government, accompanied by the new territorial Barzani and several members of the Kurdistan Democratic Party. / End / 24. N. R

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Source: Zebari to visit Kuwait officially invited to participate in the upcoming summit in Baghdad

27/02/2012

Erbil, February 27 (Rn) - A source familiar with today, Monday, for a planned visit by Iraqi Foreign Minister Hoshyar Zebari to Kuwait this week to call for an official to participate in the Arab Summit to be held in Baghdad, referring to the participation of Kuwait in the Arab summit in Baghdad, according to newspaper "Al" of Kuwait.

The newspaper published in its issue today, citing an unnamed source as saying that "it is due to fly Iraqi Foreign Minister Hoshyar Zebari said in an official visit to Kuwait next Wednesday," pointing out that "the visit aims to invite Kuwait to take part in the Arab Summit to be held in Baghdad in March / March next year. "

The source added that "Kuwait is high-level delegation will participate in the upcoming Arab summit in Baghdad."

The other hand, the paper quoted an unnamed source as well, saying that "it is scheduled to visit the Iraqi Prime Minister Nuri al-Maliki Kuwait next month to discuss outstanding issues between the two countries, most notably the issue of construction of the port of Kuwait, Mubarak and drawing Alhadddo land and water between the two sides.

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White calls the Iraqi bloc of political blocs to forget their differences and unite their efforts for the success of the Arab summit conference

27/02/2012

The independent Iraqi news agency / Baghdad / k. C ... white bloc called Iraqi political blocs to forget their differences and unite their efforts for the success of the upcoming Arab summit conference held in Baghdad next month, considering that the success of national interest.

The bloc said in a statement received (and the Iraqi news agency, independent) to hold the Arab summit in Baghdad is in itself an historic opportunity will pave the way for Iraq to assume unique position in the Arab, participate actively and substantially in the decision-making Arab, as well as being an opportunity to discuss the files the Iraqi mission, the most prominent claim remove Iraq from Chapter VII. "

She Iraqi bloc for white Regrets the attitude of the Iraqi List of Arab Summit and the involvement of desire where political differences

Are shown Any dispute between the Iraqi political blocs is a purely internal affair could be discussed during the national meeting for the purpose of dissolution a way that satisfies all parties and to ensure the distance to the political process for any foreign intervention

She stressed on the block Need for concerted efforts and put aside differences for the purpose of the success of the Arab summit, due to the fact that success is a supreme national interest requires national stand united and serious cooperation between the political parties. "

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Economist: the necessity of activating the customs tariff and follow-up operations import of goods

Monday 02/27/2012

Baghdad (news) .. called economic analyst Ibrahim al-Mashhadani, the need to activate the device standardization and quality control and the law of the customs tariff at the border of Iraq to limit the entry of goods to the poor country.
He said al-Mashhadani (of the Agency news) said on Monday: the federal government that is moving towards the border outlets and monitors the operations import of goods through the activation of the customs tariff and a standardization and quality control on imported goods in order to preserve the safety of citizens from harm, the fact that most food is corrupt.
He stressed al-Mashhadani, the importance of activating the circle system of standardization and quality control and take its role fully in the process of examining the goods and shoddy goods coming into Iraq, the fact that most of them do not comply with international standards and of poor quality, in addition to that the companies contracted lagged in its work in recent times, due to lack of controlled by the federal government on them.
And: that Iraq lacks the local product in a frenzy of most of the laboratories of the Ministry of Industry, and not to give the active role of the private sector to open industrial plants has led to dependence on imports outside to meet the needs necessary consumer goods. / Finished / 8. For. M /

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