Parliamentary Finance reveal L / balance News / deficit ratio in 2017 budget

 

economy

Since 31/08/2016 17:53 pm (Baghdad time)

Special – balances News

The chairman of the parliamentary Finance Committee Ahmed Kanani, Wednesday, that the percentage of the budget deficit in 2017 amounted to about $ 32 trillion, between that until now there are no solutions to address the deficit.

He said Kanani, L / balance News /, that “the government pressured state institutions through the operating budget for the year 2017 and tried to reduce them as much as possible,” noting that “the deficit in next year’s budget amounted to about $ 32 trillion.”

He added that “At the moment there are no solutions to eliminate the deficit, but rising oil prices,” explaining that “there is a loan from the World Bank would help resolve the crisis part of the budget until the end of the year.”

And ratified the Council of Ministers, earlier, the draft 2017 budget after it was read during the session. It ended 29

From: Haidar Almitm

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President of the Parliament of Massoud Barzani: Do not be afraid of Baghdad rode immediately reported

 

# Algmehorah_uz

The head of the Iraqi parliament, Saleem al-Jubouri, said the country’s constitution allows the independence of Kurdistan .lavta that the two principles of cooperation and confidence in key sectors to work together in Iraq.

Jubouri In a press statement, commenting on the issue of the referendum on self-determination scheduled to take place in the province of Kurdistan, and the secession of the province from Iraq, said that “the Iraqi constitution allows this option and its mechanism effective” Adding that “cooperation and trust two principles key sectors to work together in Iraq,” stressing said “Tqoathma and promote more.”

Iraq’s new constitution of 2005 stipulates that the Republic of Iraq a federal state and the guarantor of the unity of the Constitution.

Under the constitution, as long as the authorities in Baghdad remained committed to the Constitution and its provisions remain united Iraq governed by the principle of partnership, otherwise it is the right of the Kurdistan Regional secession.

And according to informed sources, the Prime Minister of the Kurdistan Region, Nechirvan Barzani, Kurdistan raise the issue of the independence referendum and quite frankly in his talks with senior Iraqi officials, including prime ministers and parliament Haider Abadi and Saleem al-Jubouri.

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Airlines opened routes between Baghdad and the Iranian Abadan

 

# Algmehorah_uz

Instructed the Transport Minister Kazem cup, to open direct air routes between airports in Baghdad and Iran’s Abadan.

He cup in a statement the Ministry of Transport that “the opening of the new line represents a breakthrough for the integrated vision of the Ministry of Transportation to expand the prospects of working with the outside world in order to communicate and provide the service greater than the passenger number,” adding that “the new line, which will launch in the near future will not pass over the skies Kermanshah, which will help to shorten the journey time and alleviating the burden on travelers which will give greater opportunity to move between the two neighboring countries, Iraq and Iran. “

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Restructuring Iraqi oil player seeking more capital

Gulf Keystone Petroleum offering new common shares to raise up to $25 million.
By Daniel J. Graeber Follow @dan_graeber Contact the Author   |   Aug. 31, 2016 at 7:38 AM

 

Open shares on the table in an effort to raise capital for Iraqi-focused oil player. Photo courtesy of Gulf Keystone Petroleum

LONDON, Aug. 31 (UPI) — A potential takeover target, Iraqi-focused company Gulf Keystone Petroleum said it was offering up common shares in an effort to raise more capital.

“The company announces that it has today launched an open offer for up to 2,294,295,672 new common shares in the company at a price of 0.8314 pence ($1.08) per share, to raise up to $25 million,” it said in a statement.

The company, which lists headquarters in London, reached an agreement last month with the majority of its creditors and shareholders to restructure its debt obligations. Andrew Simon in July stepped down as chairman, opening the door for non-executive director Keith Lough to help steer a $500 million debt conversion proposal.

The company is focused on developing the Shaikan oil field in the Kurdish north of Iraq. It said restructuring would support near-term plans to raise production from 40,000 barrels of oil per day to 55,000 bpd.

Last month, Norwegian oil and gas company DNO, which also has a strong Kurdish portfolio, made a $300 million bid for Gulf Keystone Petroleum. Last year, Gulf Keystone said it was looking for potential buyers or partners as part of a long-term strategic review, though top executives said more recently that restructuring was the best possible option to maintain value in reserves.

Mirabaud Securities said after the DNO bid surfaced that it came at the wrong time as the new management structure at Gulf Keystone could help the company rebound.

The company said the open offer for shares was in coordination with its restructuring efforts.

http://www.upi.com/Business_News/Energy-Industry/2016/08/31/Restructuring-Iraqi-oil-player-seeking-more-capital/7031472639439/?utm_source=twitterfeed&utm_medium=twitter

Four More Wells Completed at Halfaya

 

 

By John Lee.

The Missan Oil Company (MOC) has announced for the completion of four new wells at the Halfaya field in Maysan province.

Adnan N. Sajit, the director general of the MOC, said that the Chinese companies Bohaiand Daiken had completed the drilling at the field, which is being developed byPetrochina (CNPC).

He added that 165 wells had been drilled at Halfaya since the start of development operations in 2010.

The field is now producing about 200,000 bpd of crude oil, in addition to gas.

(Source: Ministry of Oil)

http://www.iraq-businessnews.com/2016/08/31/four-more-wells-completed-at-halfaya/

Washington reveal the volume of trade with Baghdad during the 2016

 

The US embassy in Baghdad

 

Author: AR, ASJ, HH
Editor: AR, HH 31/08/2016 14:35 Number ofViews: 127

 

Long-Presse / Baghdad

Revealed the US Embassy in Baghdad, on Wednesday, to trade achieved with Iraq since the beginning of this year until the month of August now reached more than $ 2.6 billion, and as pointed out that Iraq’s imports totaled $ 4.57 billion, indicated that there is a desire among the American companies to invest in Iraq.

A spokesman for the US embassy in Baghdad Kim Dboa in an interview with (long-Presse), that “the bilateral trade exchange between Iraq and the United States in 2015 produced a value of $ 6.6 billion, including an Iraqi imports worth $ 4.57 billion, crude oil form 97% of them “noting that” US exports were valued at 1.97 billion dollars, which centered largely on heavy machinery, vehicles, electrical equipment, aircraft spare parts and grain. “

He Dboa, that “in terms of trade for the current year it since the beginning of 2016 until the present month of August, the bilateral trade exceeded between the two countries Al2.6 billion dollars,” pointing out that “the business of US-led American Chamber of Commerce, which has re-work sector recently he expressed great interest in investing in Iraq in non-oil sectors. “

He Dboa, that “the embassy noted the commercial private sector’s interest in investment opportunities including in security, energy and the environment, construction, health care, agriculture and religious tourism, infrastructure development, key sectors,” stressing that “Iraq also imports large quantities of agricultural goods, machinery and consumer goods from the United States.” .

He explained Dboa, that “the embassy will help to introduce US businesses to the Iraqi market and to provide official invitations between governments in the business of US and provide excellent services through the Commerce Department for the purpose of contributing to find local partners in Iraq and assist in the resolution of trade disputes and understand the laws and regulations framework that regulate trade between the United States and Iraq, “noting that” the embassy does not affect the investment of the private business sector or choose to work in Iraq. “

And on the impact on economic trade activities between Iraq and the United States on the Iraqi economy, he stressed Dboa, that “American institutions, for example, competes largely on bids energy sector, which significantly affect the commercial activities between the two countries as the United States is encouraging bilateral trade growth between the two countries. “

The US ambassador in Baghdad, Stuart Jones, announced on Tuesday (10 March 2015), that the trade exchange between Iraq and the United States totaled more than $ 16 billion at the time, confirmed that more than seven billion of them Iraqi exports, and in attributing the lack of his large companies in the Iraqi market to work with local agents, he pointed out that Washington is looking to expand its relations “strategic” with Baghdad.

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Jubouri leave for Turkey on an official visit

 

Political

Since 31/08/2016 14:32 pm (Baghdad time)

Baghdad balances News

The president of the House of Representatives Saleem al-Jubouri, Wednesday, to Turkey on an official visit.

A source close to the al-Jubouri’s / balances News /, said that “House Speaker Salim al-directed, today, to Turkey on an official visit.”

The source added that “al-Jubouri, will discuss with Turkish officials the most important political and security developments and bilateral relations between the two countries.”

Referred to the parliament speaker Salim al-Jubouri, visited on Saturday (20 August 2016), the Iranian capital Tehran.anthy 29 / A 43

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Deputy: Zebari distracted than 12% annually spends parliament and sacked provide revenue for the state

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Wednesday 31 August 2016 11:51

A member of the Integrity Committee in Parliament MP Hashem al-Moussawi, Wednesday, Finance Minister Hoshyar Zebari spend 12% of what Parliament spends every year, in what was considered his sacking provide Aiardt state.

Moussawi said in an interview for the Sumerian News, “The sacking of Zebari is essential to address the situation of austerity Iraqi state to provide revenue for the state,” explaining that “Mabarvh Zebari per year, equivalent to 12%, which disburses the House of Representatives on the 328 deputies.”

Al-Moussawi said that “the general atmosphere within the council is the direction of the dismissal of the Minister of Finance if the same sacking of Defense Minister Khaled al-Obeidi, namely to the paper ballot secret,” referring to “the existence of liberation of the deputies through the mechanism of positions courtesy of the political blocs on the interrogations.”

The MP for the coalition of state law, Jassim Mohammed Jaafar, earlier on Wednesday (August 31, 2016), for determining next Tuesday as the date for hearing the sacking of Finance Minister Hoshyar Zebari, while likely to postpone the cabinet reshuffle until after the Eid al-Adha.

The House of Representatives and questioned last Thursday (25 August 2016), the finance minister, Hoshyar Zebari, at the request of the Attorney Haitham al-Jubouri, while al-Jubouri announced an application powered with 100 signatures to the presidency of parliament to withdraw confidence from Finance Minister Hoshyar Zebari, pointed out that the application contains that the withdrawal of confidence-building measures be through secret paper ballot

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Baghdad and Erbil Reach an Agreement Over Financial Issues

Both sides have also agreed on the Mosul offensive

31/08/2016 – 12:59

  |  Iraq

Baghdad and Erbil Reach an Agreement Over Financial Issues

 
ERBIL — Following the Kurdish delegation’s visit to Baghdad, Iraqi PM Haidar al-Abadi said on Tuesday in a press conference that they have reached an agreement with Kurdistan Region over the Mosul offensive as well as the financial issues.

 

Abadi said that they held talks with the Kurdish delegation headed by Kurdistan Regional Government (KRG) PM on the operation of Mosul and the financial issues between Baghdad and Erbil. The Iraqi PM claimed that both sides have reached an agreement over those issues.

 

The Iraq’s PM reiterated that there is a close coordination among Baghdad, Erbil and the anti-Islamic State (IS) global coalition, adding that there are no foreign troops in Iraq except the military teams for training the local forces in the country.

 

KRG PM Nechirvan Barzani and his accompanying delegation on Monday met with Iraqi PM in Baghdad to discuss some issues pertaining to the war against IS, particularly the anticipated Mosul offensive, oil exports, and their bilateral ties.

 

Barzani also met with Iraqi President Fuad Masoum and the Speaker of Iraqi Parliament Salim al-Jabouri. He also met with a number of senior Sunni politicians in Baghdad and they all highlighted the importance of Sunnis’ participation in the operation to liberate Mosul from IS group.

 

During his visit to Baghdad, the Kurdistan Region delegation also met the US envoy to Iraq, and leaders of Iraq’s main political parties.

http://www.basnews.com/index.php/en/news/iraq/296662

Integrity Commission has accused the Iraqi foreign minister of corruption

 

Wednesday 31-08-2016 | 1:56:59

 H d
H d

Twilight News / after the sacking of Iraq’s defense minister to suspicions of corruption and transform the finance minister to questioning before the Parliament, it seems that the role of the foreign minister has also come as Ibrahim al-Jaafari, isolation and elimination faces charges after his financial corruption.

In this context, the spokesman for the Parliamentary Integrity Commission, Adel Nouri, move the Iraqi parliament to question the minister, adding that the next phase will be to interrogate Iraqi Foreign Minister Ibrahim al-Jaafari, then refer his case to the judiciary.

“The interrogation of al – Jaafari will be about the failures of the diplomatic, administrative and financial level, pointing out that” there is administrative corruption and wasteful financially thrive in Iraqi embassies around the world. ”
He noted that” nepotism and clientelism system prevalent in the corridors of the State Department , “explaining that” all Jaafari You will be forwarded to the judiciary after the withdrawal of confidence about him.

http://www.ara.shafaaq.com/90878