Iran agrees with Iraq to link automated discharge between the two service

  

Author: HAA

Editor: BK 03.14.2016 17:59 Number of Views: 388
Long-Presse / Baghdad

Iran announced on Monday its agreement with Iraq to link automated drainage ATM services between them, indicating that it allows travelers from the two countries, the use of electronic debit cards in the access to financial services.

He said the Iranian ambassador in Baghdad, Hassan Dnaii fled, told media followed up (range Press), “The Governor of the Central Bank of Iraq, on the Keywords, approved a proposal to link automated drainage device Financial Services ATM between the banks of the two countries”, pointing out that such “service It will enable travelers from both countries to use financial cards in the automatic discharge process. ”

The CBI encourages the expansion of the use of credit cards that enable their owners access to their bank accounts to withdraw what they need from the payment of money or lists of purchases and services that they receive in places that accept them.

http://almadapress.com/ar/news/66522/%D8%A5%D9%8A%D8%B1%D8%A7%D9%86-%D8%AA%D8%AA%D9%81%D9%82-%D9%85%D8%B9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%B9%D9%84%D9%89-%D8%B1%D8%A8%D8%B7-%D8%AE%D8%AF%D9%85%D8%A9-%D8%A7

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Urgent Putin instructed the withdrawal of Russian troops from Syria starting from tomorrow

History of edits:: 14.03.2016 20:54 • 3 visits readable

  
[Oan- up] 

Russian President Vladimir Putin instructed the Russian Defense Minister, Sergei Shoigu, the withdrawal of the main forces of Syria , starting on Tuesday.

This came after a trilateral meeting Putin collect Bhoago and Foreign Minister Sergei Lavrov on Monday March 14 at the Kremlin. The 

Kremlin announced that “all that came out by the meeting [triple] was in coordination with the Syrian President Bashar al – Assad.” 

He said Putin that ” the tasks assigned to it Russian forces in Syria have been completed. ”

http://www.alliraqnews.com/modules/news/article.php?storyid=32896

Urgent Jubouri up to Saudi Arabia

History of edits:: 14.03.2016 20:42 • 41 visits readable

  
[Oan- Baghdad] 

arrived Parliament Speaker Salim al – Jubouri, on Monday, to the Saudi capital Riyadh on an official visit.

A statement by his office received by all of Iraq [where] a copy of it, “was greeted al – Jubouri , head of the Saudi Shura Council Abdullah Bin Mohammed Al – Sheikh.” He 

is scheduled to meet with al – Jubouri, who is Chairman of the Parliamentary Union of the Islamic countries leaders in Saudi Arabia to discuss developments in the security and economic situation in region, and ways to strengthen bilateral relations between the two countries.

http://www.alliraqnews.com/modules/news/article.php?storyid=32895

Abadi: determined to prosecutethe corrupt and putthe fight against corruption withintheoverall reforms

 

To meet with Prime Minister Haider Abadi, head of the Integrity Commission Hassan Yassiri

 

Author: AHF
Editor: AHF
03/14/2016 17:53
Number of Views: 43

 

Long-Presse / Baghdad

Counting Prime Minister Haider al-Abadi, said on Monday that the most important files that are placed in the comprehensive reforms is the fight against corruption and the formation of the Council of corruption, while pointing to the government’s determination to prosecute the corrupt and put them behind bars, he stressed that the corrupt are not safe from the top websites to down.

Information Office of the Office of the Prime Minister Haider al-Abadi, said in a statement received (range Press) copy of “The Prime Minister Haider al-Abadi briefed during his visit to the Integrity Commission on its actions in the fight against corruption and to prosecute corrupt.”

The statement added that “the sovereignty and met with the Integrity Commission, Mr. Hassan Yassiri drew the importance of further efforts to reduce the phenomenon of corruption in state institutions and the prosecution of corrupt,” adding that “the most important files that we have set in the comprehensive reforms file is the fight against corruption and the formation of the Supreme Council for fight against corruption because of its impact on building state institutions properly. “

He continued Abadi, that “we are determined to prosecute the corrupt and put them behind bars and we hope all popular events cooperate with us in this real revolution against corruption,” reiterated “its support for judges and investigators in the files of corruption.”

Abadi stressed “the need that does not have a place to corrupt, adding that no one is immune to that was rotten from the top site in the state to the lowest position.”

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Parliamentary Finance: The government plans to take {10} billion dollars in Loans from Washington

 

History of edits:: 14.03.2016 17:2311 visits readable
{Baghdad} Euphrates News revealed the parliamentary finance committee member Ahmed al-Haj for the determination of the Iraqi government to take {10} billion dollars in loans from Washington.
Haj told {Euphrates News} Monday, ” The US credits to Iraq amounting to {10} billion dollars, but we do not know you will be an investment or to support thegeneral budget of the country.”
He added that “Iraq is passing through a difficult financial crisis, but can not meet staff entitlements, thus imagine that these loans will be used in the field of salaries, and other investment issues in the country. ”
he was economic adviser to Prime Minister appearance of Mohammed Saleh announced earlier to the media about the existence of the march of American loans to help Iraq ‘s financial situation. Ended h

Egypt Adopts More Flexible Exchange Rate After Devaluation

 

AhmedmFeteha
Ahmed A Namatalla
March 14, 2016 — 2:29 AM CDT Updated on March 14, 2016 — 6:59 AM CDT
The Egyptian central bank surprisingly devalued the pound by almost 13 percent and said it will adopt a “more flexible exchange rate” policy, steps that seek to ease a foreign-currency shortage hampering growth in the most populous Arab country. Stocks rallied.
The decisions will achieve “exchange-rate levels that reflect the strength and real value of the local currency in a short period of time,” the central bank, led by Governor Tarek Amer, said in a statement on Monday. The regulator earlier sold $198.1 million to local lenders at 8.85 pounds per dollar. That compares with a previous exchange rate of 7.73 pounds.
Shortly after the central bank’s statement, Egypt’s biggest lender that it will launch a financial product allowing foreign investors in local government debt to hedge their exposure to the currency. The moves may help boost foreign reserves, which have tumbled more than 50 percent since the 2011 uprising the ousted President Hosni Mubarak, before stabilizing at just over $16 billion in the past six months. Policy makers aim to increase reserves to $25 billion by the end of 2016, the central bank said.
Overdue Shift
“It’s a welcome, but long overdue shift in policy stance – Egypt could have saved billions in reserves if it had done this 18 months ago,” said Simon Williams, chief economist for central and eastern Europe, the Middle East and North Africa at HSBC Holdings Plc. “The question now is will they follow through – if the Egyptian pound needs to weaken further, will they let it? Are the authorities really ready to tolerate the rise in inflation this will inevitably bring?”
The benchmark EGX 30 Index for stocks surged 6.8 percent, the most since July 2013, at 1:46 p.m. in Cairo. Egypt’s Eurobonds maturing in 2025 rose for a third day, sending the yield down 16 basis points to 7.79. That’s the lowest in almost four months.
“Particularly from the bond side, this gets the devaluation issue out of the way, which had been hanging over our heads for a long time,” said Abdul Kadir Hussain, the chief executive officer of Mashreq Capital DIFC Ltd. in Dubai, which manages about $1.5 billion. The company sold its holdings in Egyptian dollar-denominated bonds last year. “Now that we have this, it could potentially open up Egypt for us again,” he said.
Easing Restrictions
Monday’s decisions follow central bank steps to ease restrictions on foreign-currency deposits and withdrawals for companies and individuals, helping the pound strengthen on the black market against the dollar.
“Recent measures to improve foreign-exchange liquidity would have had limited impact and the critical issue is that the Egyptian pound needed to be weakened,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank. “This is a very positive move.”
Amer took the helm at the central bank in November amid a growing national debate focusing on the currency policy, with businessmen such as billionaire Naguib Sawiris urging a devaluation to reflect the dollar’s exchange rate on the black market. Policy makers were reluctant to weaken the pound, fearing a surge in consumer prices.
Inflation eased to 9.1 percent in February, the lowest level in six months. Still, the central bank will likely raise interest rates by 50 basis points, or half a percentage point, to 9.75 percent on March 17, according to median estimate of five economists surveyed by Bloomberg.
“There’s a possibility for even a larger hike,” said Mohamed Abu Basha, Cairo-based economist at investment bank EFG-Hermes, the country’s biggest.
He said the central bank’s move to a more flexible exchange-rate system “is extremely important because we’re not only pegging at a lower rate, we’re moving into a currency that will start to reflect market forces, so it’s more than just a devaluation.”
Before it’s here, it’s on the Bloomberg Terminal.

http://www.bloomberg.com/news/articles/2016-03-14/egypt-s-central-bank-said-to-devalue-pound-by-almost-13

The openingof the Rafidain Bank in Tikrit, management confirms more than 40 billion dinars loss duringtheperiod (Daash)

 

Besides the opening of the Rafidain Bank branch Tikrit

 

Author: AHF, AM
Editor: AHF
03/14/2016 15:05
Number of Views: 108

 

Long-Presse / Salahuddin

Government Salahuddin inaugurated, Monday, Rafidain Bank branch in the city of Tikrit, and while confirming that it is an important step to move the economic wheel, confirmed the loss of more than 40 billion dinars during the period of control (Daash) of the city.

The director of the bank’s branch in Tikrit, Ibrahim Hamada in an interview with (long-Presse), that “we organized a ceremony today attended by the county government for the direct banking business after the completion percentage of the restoration.”

Hamada said that “the bank building, exposed to acts of vandalism and theft during the period of control (Daash) on the city of Tikrit, but we Ptzafar efforts we were able to complete part of the restoration campaign to do our routine,” pointing out that “the indicator reports we have confirm the loss of the bank for more than 40 billion dinars has stolen during that period. “

In turn, he called on the Secretary General of the Council of Salahuddin Mekhlef Odeh al-Dulaimi, to “fight any attempt to money laundering.”

He said al-Dulaimi said in an interview to the (long-Presse) that “the rebirth of the banking business in Tikrit is an important step, but we warn and call to not allow any attempt of money laundering.”

Dulaimi stressed “the need to adopt the principle of (Know Your Customer) and invite the management of the bank to increase staff efficiency and improve the quality of services provided to the auditors and facilitate the creation of mutual trust.”

Referred to the bank and good agricultural opened their doors in Tikrit, a banking license their actions over the past year or so, while agricultural loans amounted to about 400 million dinars and waits for the Agricultural Bank of converting 2 trillion dinars to their account on the initiative of the central bank.

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