Central Bank raises treasury bonds worth $ 1.2 billion

 

History of edits:: 03/10/2016 21:2695 visits readable
[Oan- Baghdad] the
Iraqi Central Bank announced that it intends to sell $ 1.5 trillion dinars [$ 1.27 billion of government bonds for two years as part of efforts to bridge the budget deficit resulting from the erosion of oil prices and the costs of the war against al Daash.
A media relations official at the central bank captivating Jabbar The version will be the first launch of its kind to go public since 2003, the first tranche of a plan to sell worth five trillion dinars bonds announced in January.
Iraq has already issued treasury bills to local banks and has a Eurobond List . the
bank said in an emailed statement that the new version an interest rate of six percent will be sold to the public andlocal banks in the period from March 15 to April 15 April.

STATEMENT Statement attributable to the Spokesman for the Secretary-General on ballistic missile launch conducted by the Islamic Republic of Iran

Ban Ki-moon calls on govt of Iran to act with moderation, caution & good sense not to increase tensions

STATEMENT

Statement attributable to the Spokesman for the Secretary-General on ballistic missile launch conducted by the Islamic Republic of Iran

New York, 10 March 2016

With the achievement of Implementation Day pursuant to the Joint Comprehensive Plan of Action and Security Council resolution 2231 (2015), Security Council sanctions previously imposed on Iran have been terminated.

In that resolution, the Secretary-General notes, the Council called upon Iran not to undertake any activity related to ballistic missiles designed to be capable of delivering nuclear weapons, including launches using such ballistic missile technology.

The Secretary-General also notes that it is for the Security Council to examine information regarding resolution 2231 (2015).

At the same time, the Secretary-General urges all concerned to act with restraint. In the current political atmosphere in the Middle East region, and so soon after the positive news of the lifting of sanctions against Iran, the Secretary-General calls on the Government of the Islamic Republic of Iran to act with moderation, caution and the good sense not to increase tensions through any hasty actions.

“Central” Iraq poses the first bonds to the public since 2003,

 

إقتصاد وبورصة

 

 

 

 

 

BAGHDAD – Reuters

The CBI said it will present the first bonds to the public since 2003.

Captivating Jabbar official and media relations at the Central Bank reported that the bank plans to sell $ 1.5 trillion Iraqi dinars ($ 1.27 billion) of government bonds for two years as part of efforts to meet the shortfall caused by the erosion of oil prices and the costs of the war against Daash.

He said the release will be the first launch of its kind since the fall of Saddam Hussein’s regime, which is the first tranche of a plan to sell five trillion dinars worth of bonds announced in January.

Iraq exports already treasury bills to local banks and has a list of international bonds.

The bank said in an emailed statement that the new version interest rate of 6% will be sold to the public and local banks in the period from March 15 to April 15.

(Dollar = 1178.0000 Iraqi dinars)

Urgent Abadi gives blocs until next Wednesday to submit their nominations

 

History of edits:: 03/10/2016 16:4040 visits readable
[Oan- Baghdad]
gave Prime Minister Haider al – Abadi political blocs to submit their nominations to fill government positions in a cabinet reshuffle expected until next Wednesday.
According to the Director of the Office of the Prime Minister [agency] Mahdi Keywords, in a formal letter and face to the political blocs , “at the direction of the Prime Minister Haider al – Abadi, and in order toaccomplish the process of the reshuffle, please provide the names of the candidates who see them qualified technocrats to take responsibility for the ministry , which nominates them all of them, in terms of efficiency, professionalism and integrity. ”
He called Keywords blocs to” Send CVs of candidates to take over the committee of experts formed by thePrime Minister review and advise on the candidates, to be given answers to the Committee ‘s headquarters at the Prime Minister ‘s Office no later than the day 16/3 / 2016 “who befriends next Wednesday.
The Information Office of the Prime Minister announced Thursday that Prime Minister Haider al – Abadi sent adocument comprehensive reforms ministerial amendment , which includes mechanisms standards of thepolitical blocs.
he said the ” document includes 10 files , include the criteria for selecting ministers technocrats Council and evaluate the performance of ministries and the fight against corruption and simplification of procedures thegovernment program and packages of reforms in various sectors. ”
Ebadi said in a speech yesterday to the Iraqi people : ” we will carry out cabinet reshuffle fundamental soon, and we’ll show ministers the names of professionals and qualified to fill the portfolios covered by the change , according to constitutional frameworks and confirming the political partnership between the components of the people Iraq and its legitimate representatives.
“revealed the National Alliance MP Jassem Mohammed Jaafar on the terms of the ministerial change standards saying to [where], that” the choice of prime minister will be from ministries, universities condition that does not have a prominent figure in any of the parties did not receive any position previously and that has the consent of the Prime Minister presenting the blocks or vice versa offer mass and Aarza by the Prime Minister. ”
published [where] a copy of the nomination form for ministerial positions and includes several fields ,including general jurisdiction and flour for the candidate and the number of years of service both in government jobs or in mixed and private sectors and even in self – employment, He stressed the need Humane biography of the candidate with the form.
_MSC_RESIZED_IMAGE

 http://www.alliraqnews.com/modules/news/article.php?storyid=32557

Urgent [where] publishes ministerial nomination to change form

 

History of edits:: 03/10/2016 16:24165 visits readable
[Oan- Baghdad]
published by all of Iraq [where] a copy of the nomination form for ministerial positions in a cabinet reshuffle ,which called him Prime Minister Haider al – Abadi.
And include the form of several fields , including general jurisdiction and flour for the candidate and thenumber of years of service both in government jobs or in mixed and private sectors and even in self -employment.
It stressed the need Humane biography of the candidate with the nomination form.
The Information Office of the Prime Minister announced that the Prime Minister Haider al – Abadi Email and document comprehensive reforms ministerial amendment , which includes the criteria and mechanisms of the political blocs.
he said the “document includes 10 files include choosing ministers technocrats Council and evaluate theperformance of ministries and the fight against corruption and simplification of procedures the government program and packages of reforms in various sectors standards.”
Ebadi said in a speech yesterday to the Iraqi people . ” we will carry out cabinet reshuffle fundamental soon, and we’ll show ministers the names of professionals and qualified to fill the portfolios covered by the change , according to constitutional frameworks and confirming the political partnership between the Iraqi people and its legitimate representatives. ”
he revealed the National Alliance MP Jassem Mohammed Jaafar on the terms of the ministerial change standards , saying for Where ], that ” the choice of prime minister will be from ministries, universities condition that does not have a prominent figure in any of the parties did not receive any position previously and that has the consent of the Prime Minister presenting the blocks or vice versa offer mass and Aarza him prime minister.”

Legal representative: cabinet reshuffle included nine ministers, most notably al-Jaafari and al-Shahristani and Zebari, al-Zubaidi

 

Thursday, March 10 2016 15:56

Legal representative: cabinet reshuffle included nine ministers, most notably al-Jaafari and al-Shahristani and Zebari, al-Zubaidi

BAGHDAD / Baghdadi News / .. the parliamentary legal committee revealed, on Thursday, for the inclusion of nine ministers and ministerial change, announced by Prime Minister Haider al-Abadi.

Said committee member high Nassif in an interview / Baghdadi News /, said that “covered by the ministerial change, which was announced Abadi are both (Electricity Minister Qassim Fahdawi, and Agriculture Minister Falah Hassan Zeidan, in addition to the Minister of Commerce Acting Mohammed Shia ‘Al Sudani).”

Nassif said that “change is also included (Finance Minister Hoshyar Zebari, Minister of Higher Education and Hussain al-Shahristani, along with all of the Transport Minister Bayan Jabor, Foreign Minister Ibrahim al-Jaafari), also included the change (Justice Minister Haider al-Zamili, Minister of Water Resources Mohsen bird-Shammari ). ”

The Prime Minister Haider al-Abadi on Wednesday, that the implementation of reforms is cooperation and not through the imposition of a fait accompli policy, stressing the importance of popular and media to participate in exposing the corrupt and venal who were disbanding the interests of the people in government departments, he Tobeirh.anthy 21 / t

http://www.albaghdadianews.com/politics/item/95111-AkjAlNln%D8%A9-AklnABn%D8%A9-AkbinnE-AkNeAEn-yoLk-9-NeEAs-aBEemL-AkvIJEn-NAkyomEYObAln-NenBAEn-NAkeBnDn.html

Iraq’s debtis added forthe first time inthe company, “Standard & Poor’s” credit rating

 

 

 

10-03-2016 02:29 PM
Number of Views: 593

 

Iraq today

Debt rose by 11 Arab countries, including the oil-rich Gulf Cooperation Council (GCC), to $ 143 billion in 2015, according to the announcement by the company ‘Standard & Poor’s credit rating.

And it announced the ‘Standard & Poor’s company credit rating for the debt of a number of Arab governments to rise to more than last year doubled, expected to remain high through 2016. The company said in its report that the debt of 11 Arab countries have undergone classification, including the oil-rich Gulf Cooperation Council (GCC), It rose to $ 143 billion last year, compared with 70.6 billion dollars in 2014.

2015 included Iraq’s debt numbers ($ 30 billion), which was added to the list for the first time.

She pointed out that the governments of the Gulf Cooperation Council (GCC) borrowed $ 40 billion last year, including $ 26 billion borrowed Arabia, the largest oil exporter in OPEC.

Egypt topped the list by borrowing $ 44 billion in 2015, according to the ‘Standard & Poor’s. The company forecast lower borrowing for these same countries in 2016 by no more than about 6% to 134 billion, so that would borrow GCC $ 45 billion.

ECB CUTS RATES

 

Draghi BazookaMike Bird, Business Insider, AP Photo/Jens Meyer, REUTERS/Ints KalninsRocket launcher, or peashooter?

The European Central Bank cut all of its main rates and said it would buy corporate bonds in its asset purchase program.

Here’s what you need to know:

  • The refinancing rate will be decreased by 5 basis points to 0.00%.
  • The interest rate on the marginal lending facility will be decreased by 5 basis points to 0.25%.
  • The interest rate on the deposit facility will be decreased by 10 basis points to -0.40%.
  • The monthly purchases under the asset purchase programme will be expanded to €80 billion starting in April.
  • Investment grade euro-denominated bonds issued by non-bank corporations established in the euro area will be included in the list of assets that are eligible for regular purchases.
  • A new series of four targeted longer-term refinancing operations (TLTRO II), each with a maturity of four years, will be launched, starting in June 2016. Borrowing conditions in these operations can be as low as the interest rate on the deposit facility.

So the bazooka has been well and truly fired.

In a move widely expected across the financial markets, the bank has decided to go even lower below zero, a strategy designed to boost inflation and encourage spending across Europe.

Following the decision, ECB President Mario Draghi will step up to take questions from the press — that could be pretty crucial.

While the deposit rate cut itself doesn’t come as a surprise, the other measures are more extreme than expected.

Markets in Europe and across the world will be waiting with bated breath to hear what Draghi says when he answers questions from journalists.

Draghi will likely address why the bank’s decided to cut rates at the press conference, as well as why it has extended its QE programme. The ECB says that Draghi “will comment on the considerations underlying these decisions.”

It’s also thought that Draghi might address the threat of low inflation within the Eurozone at the press conference.

After the ECB’s January meeting, Draghi pretty much telegraphed a cut in the base deposit rate at today’s meeting, saying in his press conference: “It will be necessary to review and possibly reconsider our monetary policy stance at our next meeting in early March.” He made the comment three times throughout the press conference.

Some have questioned Draghi’s wisdom in cutting rates even further. Prior to the announcement, CEO of Austrian bank Erste Bank, Andreas Treichl, told the Financial Times that “savers are risk adverse and capital markets are not very prominent” in his region, meaning “lowering interest rates is not very helpful in stimulating economic growth,” he said.

Najaf declared Sunday a public holiday

 

History of edits:: 03/10/2016 15:0019 visits readable
[Oan- Baghdad]
Najaf ‘s provincial council announced Sunday a public holiday marking the anniversary of the martyrdom ofFatima Zahra [p].
A statement by the provincial council received by all of Iraq [where] a copy of it , “at the request of thegovernor of Najaf Luay al – Yassiri and the approval of the members of the provincial council and the heads of the actress in which the political blocs glorious Zinni , head of the Najaf provincial council announced theagency on Sunday 03/13/2016 a local public holiday, except circuits covered by security and service plan and schools at different stages of study, and so on the occasion of the anniversary of the martyrdom of Fatima Zahra [p]. ”
Zinni said that” the events and ceremonies for the occasion held in the province flock which thousands ofvisitors from all of Iraq ‘s provinces which requires open space in front of the children the province to provide the service for visitors. ”
the provincial council in Maysan, Karbala, Babil, Wasit and Dhi Qar, Diwaniyah has announced disabled official working on Sunday for the same occasion.

High oil prices to $ 41

 

History of edits:: 03/10/2016 14:5237 visits readable
[Where – Follow – up]
oil prices surged by up to 5%, on Wednesday, trading in global markets, to settle at this level, almost, on Thursday.
And it closed the international London Brent crude contracts, on Wednesday, rising to $ 1.42 or about 4% to $ 41.07 a barrel.
And ended the US oil contracts to the nearest trading session high of $ 1.79 , or about 5% entitlement to arecord settle at US $ 38.29 a barrel.
Today witnessing a stable markets somewhat, as determined by Brent price at US $ 40.9 and US crude at $ 38.1 in morning trading.
and deliver oil support from speculation that the largest crude oil producers may soon agree not to exact production ceiling is exceeded. The achieved oil gain of about 50 percent from its lowest level in 12 years ,which aired it before more than two months after it pledged to Saudi Arabia, Qatar and Venezuela , members of the Organization “OPEC” in addition to Russia – a major producer outside the Organization – to freeze supplies at January levels / second if the cooperation of the other producers.
the experts say that one of the reasons for high prices due to the continuous decline eighth consecutive week in oil production in the US.
have official data showed falling US oil production to its lowest level since November 2014, his arrival to 9 almost million barrels per day.
the prices got to also support data from the shrinking number of oil rigs in the United States for the week of 12 shows in a row.

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