The local currency to invest in global stock


TZNI):    3.050 7.77%     good financial investment ( VKHF):    0.180% 10.00- 

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Economy News / Agencies …Specialists in economic affairs efforts in the search for exits reduce the impact of financial distress on Iraq, the adoption of mechanisms to elevate the Iraqi dinar entered through international exchange dealings continue.

Specialist on global stock Osama Mahmoud said that minimize the effects of the financial crisis on the Iraqi economy requires action on the adoption of new procedures and solutions can be adopted for the next stage.

Multiple solutions

He noted in an interview for »morning« that the most important solutions to the current crisis is to enter into the world of the stock market and two-way are the public sector and the private sector, the government sector will find multiple solutions contribute to the alleviation of the financial crisis through the entry of the dinar in the stock market and they can be to buy the local market requirements of the markets global through it and thus encourage investment in Iraqi dinar and thus the amount of hard currency out into the world markets.

Strengthening of the currency

He said the entry of the Iraqi dinar in the stock market will reduce drafts and eliminates the black market and thus prevent the fluctuation of the dinar exchange rate against the dollar, as well as he would give the strength and momentum of the Iraqi economy through the strengthening of the local currency in the global market, adding that he Aaufer citizen support in food prices, where the purchase of food commodities producer and president international prices without the presence of mediations increase the cost of a food item.

A second income

The solutions to be provided by the stock market simple citizen is represented few savings simple citizen and could be a second source of income which can use these savings in the stock markets and thus achieve financial gains not too bad to be helped him in improving the Personal Financial Situation, as well as the availability of key goods that citizens need in Prime in his daily life at constant rates unchanged in value, and given the economic stability of the citizen away from the greed of traders who controls the destiny of the people by manipulating prices change on the pretext of the Iraqi dinar exchange rate.

Here it must be noted that the stock market is part of the many solutions on the Iraqi economic arena as well as the many solutions that will improve the economic situation of the country away from compromising the income of ordinary citizens.

Price changes

And passes Iraq a severe financial crisis as a result of the country’s dependence on oil as the main source of funding and thus put the country’s economy likely to fluctuate with changes in oil prices in world markets, and with lower prices to record highs, the oil market has not seen since the nineties of the last century, the economy is stymied, with an estimated the deficit in the Iraqi budget according to the latest official statements by about 34 billion Iraqi dinars.

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Social protection distribution of salaries of 64 thousand beneficiaries this week


03/08/2016 14:55
Number of Views: 22

Tomorrow Press / Baghdad:

The Ministry of Labour and Social Affairs, on Tuesday, it will launch this week, “the salaries of” social protection network of 64 thousand beneficiaries.

According to a ministry statement it received “Tomorrow Press”, a copy of it, that “the Ministry of Labor will launch this weekend social subsidy of 64 thousand beneficiaries within the last extension of the fourth batch of 2015”.

The statement added, “This step comes after the removal of the causes of downtime in the capital Baghdad and other provinces.”

Iraqi forum kicks off in Beirut to support investment and the banking sector


History of edits:: 08/03/2016 12:1258 visits readable
[Where – Baghdad] was
launched in the capital , Beirut, on Tuesday, the World Conference and Exhibition for the third financial andbanking services in Iraq [Iraq Finance 2016], under the slogan “Gateway Financial Inclusion and a pillar ofsustainable development of the banking sector.”
According to a statement to the CBI received by all of Iraq [where] a copy of the “Acts of the conference, organized by the company Szimksko] of Iraq, under the auspices of the Central Bank of Iraq and cooperation with the Banque du Liban [Central Bank of Lebanon, and the participation of ministries and banks , and thebody of national investment, focused on the development of financial banking and investment industry in Iraq, and is limited to the purpose of organizing this conference to develop the infrastructure of the banks andfinancial institutions in Iraq through the activation of cooperation between the Iraqi and the central ministries and banks Iraqi and relevant financial institutions on the one hand, banks and international financial institutions and international investors on the other hand. ”
He added that” sessions dealt with the Iraqi Central bank ‘s plans, strategies, financial reforms that government is trying to implement to attract investors, and the future of the State – owned banks, and the role of Islamic banks, and the role of the Iraqi financial markets to support the economy, the current situation of the banking sector and the participation of foreign lending companies, and technological environment and its central role in driving innovation and risk mitigation, as well as sources of funding for large projects and infrastructure, and the development of Iraq Stock Exchange, funding opportunities , the Iraqi private sector.
the central bank governor said Ali Mohsen Keywords during a speech at the conference that “there are great opportunities to diversify the production base offered by the application of this approach , ” pointing that “commodity production contribution of the total output of only 16%, which means that there is ample room for the growth of agriculture and industry, any approaching Iraq to achieve self – sufficiency in wheat production, while imports millions of tons of them every year.”
he Keywords that ” the banking sector an important role in supporting growth and reduce unemployment in Iraq, through various sectors finance and expand the purchasing power of citizens. ”
he added that” Iraq today is facing a financial and economic challenges , so he is looking for stability in thebanking and financial sector and that these items are not only with the cooperation and support of everyone through communication and participation in the success. ”
he noted the central bank governor to” the importance of the banking sector to play important role in the face of the current financial crisis experienced by the reduction of unemployment and the expansion of thepurchasing capacity and gross domestic product in general , “pointing out that” the most important conditions for stability in the sector , bank and finance is to identify economy and general trends to him as well as theeconomic activities structure. ”
he stressed” the need for the Iraqi economy is heading at the moment to support the private sector by creating real competition and active participation in the framework of a free economy , whom he joined Iraq after he was convicted of economic totalitarianism. ”
For his part , , between the head of the private banks association, Wadih Handal, during the forum, ” theconference was held under the slogan [ the banking sector gate of financial inclusion and a pillar ofsustainable development, and attract many of the economic and financial Arab personalities , ” adding that “banks can contribute to the treatment of problems such as unemployment and poverty by financing projects of all kinds and create job opportunities for young people. ”
he pointed Handal to” the importance of having an economic informing on the degree of awareness of thechallenges facing the Iraqi economy , “stressing that” distortion and lack of understanding affects the economic situation of Iraq. ”
he said the ” the conference called on the central bank and the competent authorities to apply financial inclusion, and the formation of a committee to develop the financial, monetary and banking system of thecentral bank and the Ministry of Finance and experts.”
He urged Handal ” the need to deploy financial and banking culture in the Arab world , ” stressing ” theimportance of the media ‘s role in spreading this culture of inclusiveness financial, in addition to committing various stages of education develop material for banking and financial education into the curriculum. ”
He noted” the need for the Arab League, through the leaders of the Arab countries to compel publication offinancial inclusion , “explaining that” Cyprus suffering from a financial crisis up financial inclusion rate to 60%, while the Arab countries does not exceed 8%, which requires the need to raise awareness in the Arab countries. ”
and the Head of private Bankers Association, that” the current situation in Iraq , we are used to, and confidence increases in Iraqi banks , “adding that” the Bank CBI develop steps that will strengthen Iraqi banks, it also put serious steps through the general assessment of the Iraqi banks in cooperation with Orncion company, leading to more global confidence in the Iraqi banks. ”
in this context, the Iraqi minister of planning occur, Salman al – Jumaili, for a five – year plan for the years 2013 2017, which the government spent under $ 75 billion, or 20% of total investment, before re his ministry considered, because of the collapse in oil prices and because of the cost of fighting al Daash, to deliberate on the government to reducing its investment spending, and the trend towards sector private, for “not to rely on the public treasury,” this requires the creation of ” an attractive investment environment” for foreign capital, and rehabilitation of state – owned companies, and converted to private companies profitable, and theadoption of the partnership [between the public and private sectors and their subdivisions, such as therelevant projects term financing, any funding deficit, and projects of the BOT, and programs to support small and medium enterprises.
He Jumaili, according to the statement, that ” the Iraqi Central Bank is working on the preparation of similar reports for those that work by the World Bank, to facilitate the latter to monitor the work of the central bank.”
to that explained the President of the national investment Commission, Sami al – Araji, said that ” theamendments made ​​to the investment law is in the investor ‘s interest , ” calling on Arab and foreign companies to “increase its investment in Iraq , it represents a significant weight in this area.”
He said al – Araji , the “need to be transformed private banks to development banks instead to remain acommercial. ”
the head of the Bank of Credit Libanais, Joseph Tarabay, representatives of Lebanese banks, may occur at the opening of the conference on the prospects for the exchange of experiences between the Lebanese and Iraqi banks, as well as the possibility of the first contribution in the modernization of the banking system in Iraq, a special mention “militancy” in the application comply with US laws relating to ” the fight against money laundering and terrorist financing policy , ” and expressed the hope that the banks play a key role in the reconstruction.
permeated the first session of the forum discussions, as well as to answer some questions to representatives of the private sector Iraqi and foreign, Arab , and there will be offers banking research are debated by theIraqi and Lebanese sides.

Sadr reassure the diplomatic missions in the green of demonstrations


History of edits:: 08/03/2016 11:3887 visits readable
[Where – Baghdad]
assured cleric Moqtada al – Sadr ‘s diplomatic missions in the Green Zone of demonstrations in front of thegates of the region.
He sent al- Sadr a message of reassurance and peace to Aldblomsah missions , saying it “would not be any longer , but they shall any longer they would be an infringement on us , ” he said . “Overhearing overheard the diplomatic missions and embassies of Arab and international all intercepted some of the fears of theinvasion of the peoples of the Green Zone.”
Between here became necessary for us to send them the whole especially is occupied them a message ofreassurance and peace that we do not commit aggression on our guests never. ”
He said al- Sadr if he wants people green entry , there will be longer on them, and that any longer they would be an infringement and we reject it flatly and categorically.”
He noted that “the occupier embassies [Britain and America] has sent them a letter on my recent speech that the silence or the withdrawal from that region, and in the case of the military interfering or intelligence , or the press would be so what makes them corrupt and the option has not us.”
Sadr called on the people to protect embassies countries of the world in Iraq , including the “occupied” theembassy said , adding , “Wait for us another resolution at the last time after you see the silence or passive intervention and be on as much responsibility for Teksoa albedo and beautiful picture of the world , ” andwarned that he would not be allowed to encroach on them because he was “ugly and uncivilized at all .
the popular demonstrations took place last Friday in front of the gates of the green Zone against corruption and demand the implementation of the reforms called her the cleric Moqtada al – Sadr , who stressed in aspeech to the demonstrators Bslmah demonstrations and the formation of a government of technocrats.

British oil company received from the province $ 15 million as receivables


History of edits:: 08/03/2016 14:1646 visits readable
[Oan- follow]
[British Gulf Keystone Petroleum said] Tuesday it had received totaling $ 15 million in payments from theKurdistan Regional Government on the fourth of March / March.
The company said that after the receipt of payments of current liquidity size of the company’s $ 56 million.