Rapporteur of the Committee on Energy: United Nations initiative to follow the law of oil and gas will help to accelerate the adoption by

 8/14/2012

Baghdad (news) .. Praised the decision of the Commission on oil and energy MP / Kurdish coalition blocs / Qasim Muhammad Qasim, the United Nations initiative to form a committee to follow up the oil and gas law because it would press the parliamentary blocs to agree on a draft law for submission to the Presidency of the Council of Representatives for a vote.
The denominator (of the Agency news) on Tuesday: There are differences in views and different visions for the parliamentary blocs to agree on the provision of a draft law of oil and gas to the House of Representatives for a vote because of political differences and problems experienced by the Iraqi arena.

He added, has been holding an expanded meeting between the two Energy, Oil and legal Alniabaten order of the Presidency of the Council of Representatives of the agreement on the provision of oil and gas law for a vote, but left the meeting without the consent of the two Committees to provide one of the drafts, and their impact has been the formation of a joint sub-committee of the two task is to study drafts and stand clauses other than the political blocs.

He pointed out: that the United Nations decided to form a committee by them to follow the law of oil and gas and to find solutions to the points of disagreement in order to speed up for adoption, confirming that it is a good initiative will help by clicking on the parliamentary blocs to agree to provide a draft law to accelerate the adoption by the fact that one of the important laws that determines the fate of the people of natural resources (oil and gas).

It is noteworthy that he has declared Representative of the Secretary General of the United Nations in Iraq, Martin Kobler will be forming a team of United Nations to follow up the adoption of the law of oil and gas.

Koppel said: It will be after Eid al-Fitr directly to form a team to follow up the adoption of the law of oil and gas because of the importance of this law on the Iraqi economy and the overall life in Iraq, because the bulk of Iraq's budget depends on the oil sector. Kubler and stressed the need for consensus between the political blocs in the process of sharing oil wealth, to contribute to the revitalization of the Iraqi economy. / Finished / 8. N. R /

 

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Deputy for the National: the coming days will witness a breakthrough in the political crisis coincided with the political calm

 8/14/2012

Baghdad (news) .. According to a member bloc MP for the Citizen / National Alliance / Furat al-Shara, the presence of positive indicators will make the few days witnessed a breakthrough in the political crisis and solve a large part of the differences.
Shara said in a statement (of the Agency news) on Tuesday: The leaders of the National Alliance is moving on the political blocs in order to speed up agreement on the mechanisms solutions, outstanding issues that caused the crisis, including the movements of al-Hakim continued to contribute to closer views.

He pointed out: that the next few days will see a breakthrough solution to the crisis, much of the differences, and through the media to calm attitudes and acceptance of existing Coalition and Iraqi Kurdistan reform proposal.
I consider the National MP for: calm the political arena of Iraq, the start of resolving differences and convergence of views on the mechanisms of the solutions.

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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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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