Banking: the experience of open international banks in Iraq is successful .. And hurt the local banks

  08/15/2012

Baghdad (news) .. I suggest a banking expert Hussam Ali Obeid, support of private banks and providing them the facilities, instead of going to open branches of global banks in Iraq as serving their own interests and harm the banking sector.
Ali (of the Agency news) said on Wednesday: The experience of opening branches of international banks, is successful in Baghdad and the provinces they were limited in recent times on the banks is sober and trying to plunder the riches of the country and the seizure of the capabilities of the country and damage to banking sector.

He added, should support the private banking sector with all the necessary for the advancement of the process of investment, through its contribution to effective as the foundation for economic development of the country, adding that the international banks not serve the national economy does not contribute to driving the investment in the country because the goal of their work is to serve her country and harm the Iraqi economy.

The banking system in Iraq consists of forty-three banks, as well as the central bank and distributed according to ownership between (7) banks and government (30) my family, including Bank (7) Islamic banks in addition to (6) foreign banks.

In spite of the Investment Law No. (13) for the year 2006 has been excluded investment in the banking sector of its provisions, except that the investment in the banking sector takes its legal framework on the basis of legal central bank number (56) for the year 2004, banks number (94) for the year 2004, with a The minimum to establish a bank in Iraq (100) billion Iraqi dinars (ie around 85 million dollars (. / Finished / 8. d. Q /

 

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Mahmoud Othman: the political arena without a mediator to solve the problems of the political blocs

 08/15/2012

Baghdad (news) .. The leader of the Kurdistan Alliance MP / Kurdistan Alliance bloc / Mahmoud Othman, that the political arena without a mediator to resolve problems between the political blocs, noting that all parties Mtssabh crisis.
Osman said in a statement (of the Agency news) on Wednesday: The United States and Iran are trying to solve the problems in Iraq, because these problems are not Besalhaa, indicating the following: that the political parties are all causing the crisis and there is no mediator in order to solve or help on the convergence of the blocks in their views .

He added, are likely to be the return of President Jalal Talabani, is working on the role of mediation, pointing to the absence of radical solutions to the problems and solutions are temporary and Matrouh.

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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Vice network: The Prime Minister will respond to the demands of the political blocs

 08/15/2012

Baghdad (news) .. expect MP / Kuta grille / Mohammad Jamshid network, that responds to Prime Minister Nuri al-Maliki to the demands of political blocs, pointing to the existence of "light" large to resolve the crisis.
The website said in a statement (of the Agency news): The paper put forward by the National Alliance and the political rapprochement between the political parties to end the session for the collective heads of political blocs to resolve outstanding times.

He added there was "light" for a large convergence of views and resolving the outstanding problems between the blocks turn the page on the past.

He Shabak MP for Kota to: Prime Minister Nuri al-Maliki will respond to the demands of the political blocs because it is not impossible demands, indicating that the paper's political reforms will include the terms of the agreement, as well as Arbil Arbil _ Najaf national levels.

Included a reform paper, three points are inviting all political parties to review the situation in the light of the political crisis experienced by the country and to invite the political parties to deal with the dialogue positively and put all the files on the basis of commitment to the Constitution, as well as inviting partners to discuss important issues and find solutions according to the ceilings of time In addition to the media's commitment to the truce. / Finished / 2. n. r /

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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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