British Prime Minister congratulates Abbadi on Mosul victories: Continue to provide support

 

 

British Prime Minister congratulates Abbadi on Mosul victories: Continue to provide support

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BAGHDAD /
Prime Minister Haider al-Abadi received a telephone call from the British prime minister on Tuesday evening, in which he asserted that the victory of the Iraqis was a great defeat and reduced his ability to recruit terrorists.
“The latter received a telephone call from British Prime Minister Teresa Mae and Teresa Mae congratulated the Iraqi victories, liberated Mosul and defeated the terrorist, praising the courage of the Iraqis and the bravery of their forces,” Ebadi’s office said in a statement received by al-Ghad Press .
“We support the unity of Iraq and accept anything that disturbs its unity and we are with a single, secure and stable Iraq for all Iraqis,” the British prime minister said. “Britain is seeking a resolution to criminalize it. Urging the United Nations. “
Al-Abbadi thanked the British prime minister and her country’s support for Iraq within the international coalition, stressing that “the victory of the Iraqis is a great defeat and reduced its ability to recruit terrorists, and that was done by the sacrifices of Iraqis and the cooperation of liberated urban people and their welcome to the Iraqi forces.” Operations and support the capabilities of Iraqi forces. “

Iraq plans to sell us dollar bond deal in coming weeks – sources

Reuters | Jul 18, 2017, 09:35 PM IST

LONDON, July 18 (IFR) – The Republic of Iraq is expected to issue an international bond over the coming weeks, sources familiar with the matter said on Tuesday.

The new bond, expected to go up to US$1bn, will not be guaranteed by the United States Agency for International Development (USAID), which provided full faith and credit guarantee to Iraq‘s latest bond issuance last January.

CitigroupDeutsche Bank and JP Morgan will lead the transaction, which could be announced as early as the end of the month.

Government representatives are expected to meet fixed income investors in London and the US ahead of the potential debt sale, said one of the sources.

The three banks declined to comment.

Iraq’s prime minister said last November that the finance ministry planned to sell two bonds of US$1bn each, one of which would have been guaranteed by the US government.

Earlier this month, the prime minister’s website said the council of ministers decided to permit the issuance of foreign bonds and loans specific to the general Federal budget law for financial year 2017.

The fundraising is needed to plug the country’s budget deficit, caused by lower international oil prices.

Iraq’s latest bond issuance, which was unrated, had a five-year maturity.

Iraq also has US$2.7bn in outstanding bonds issued in 2006 and maturing in 2028. Those notes, with a 5.8% coupon, were yielding about 8% on Tuesday. (Reporting by Sudip Roy; Editing by Philip Wright)

http://timesofindia.indiatimes.com/business/international-business/iraq-plans-to-sell-us-dollar-bond-deal-in-coming-weeks-sources/articleshow/59653663.cms

Iraq plans to sell us dollar bond deal in coming weeks – sources

 

LONDON, July 18 (IFR) - The Republic of Iraq is expected to
issue an international bond over the coming weeks, sources
familiar with the matter said on Tuesday.
    The new bond, expected to go up to US$1bn, will not be
guaranteed by the United States Agency for International
Development (USAID), which provided full faith and credit
guarantee to Iraq's latest bond issuance last January.
    Citigroup, Deutsche Bank and JP Morgan will lead the
transaction, which could be announced as early as the end of the
month.
    Government representatives are expected to meet fixed income
investors in London and the US ahead of the potential debt sale,
said one of the sources.
    The three banks declined to comment.
    Iraq's prime minister said last November that the finance
ministry planned to sell two bonds of US$1bn each, one of which
would have been guaranteed by the US government. [nL8N1DU5P5]
    Earlier this month, the prime minister's website said the
council of ministers decided to permit the issuance of foreign
bonds and loans specific to the general Federal budget law for
financial year 2017.
    The fundraising is needed to plug the country's budget
deficit, caused by lower international oil prices.
    Iraq's latest bond issuance, which was unrated, had a
five-year maturity.
    Iraq also has US$2.7bn in outstanding bonds issued in 2006
and maturing in 2028. Those notes, with a 5.8% coupon, were
yielding about 8% on Tuesday.

 (Reporting by Sudip Roy; Editing by Philip Wright)
 ((sudip.roy@thomsonreuters.com; +44 20 7542 4617; Reuters
Messaging: sudip.roy.thomsonreuters.com@reuters.net))

http://www.nasdaq.com/article/iraq-plans-to-sell-us-dollar-bond-deal-in-coming-weeks–sources-20170718-00968

Masood Haider warns IMF stopped supporting Iraq because of the supplementary budget

Tuesday July 18, 2017 12:25

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A member of the Parliamentary Finance Committee MP Masood Haider, Tuesday, about the existence of a binding requirement for the government to pass the supplementary budget before the end of this month and included amounts of investment expenditure for the reconstruction of basic projects liberated areas, adding that the budget in the absence of completion specified period Vsiqta Fund Monetary and economic support for Iraq.

Haider said in an interview with Alsumaria’s News, he said that ” the Finance Committee represented by three deputies debated with the government on the supplementary budget, was during the discussions put the proportion of the 3% deducted from the salaries of employees to support the popular crowd and displaced people , ” noting that ” the government ‘s view was that the figure represented revenues are present and cancel all the budget would upset. ”
He added Haidar, said that ” the Commission has embarked on a discussion of the draft and there will be modified and the decision of it and then be the final decision of the House of Representatives during the vote session , ” pointing out that ” the amendment included increasing the budget in the amount of seven trillion dinars , of which has been allocated 3 trillion for the expenses of the investment.”

He said, ” The budget deficit of the Federal fiscal year 2017 were 21 trillion dinars , but now and in the supplementary budget would be after raising the price of a barrel of oil to $ 44.4 Maisawi 25 trillion dinars as representing approximately 18% , ” adding that ” the supplementary budget came at the request of the Fund international Monetary and , if not completed and voted on before the end of this month, the IMF will stop supporting Iraq . ”

He said Haider, “One of the conditions of the World Bank in the supplementary budget that is allocated increase expenditure investment for the reconstruction of basic projects in the liberated areas , stations of water, electricity, sanitation, hospitals, schools and desalination to provide an appropriate atmosphere to encourage displaced families in order to return to their regions , ” explaining that ” the amount allocated in the supplementary budget for the reconstruction of the liberated areas is three trillion and 300 billion dinars. ”

He was a member of the Legal Committee of the Parliamentary Secretary Bakerrevealed on Saturday (July 8 2017), details of the draft law amending the budget for fiscal year 2017 law, noting that the price of a barrel of oil within the adjustment of $ 44.4, with total oil exports , the rate of three million and 750 thousand barrels per day of including 250 thousand barrels of the Kurdistan region.

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Abadi, warns of reaction Daesh cabinet criminalizes sectarian [expanded]

 

History of edits:: 2017/7/18 18:32 • 11 times readable
[Oan- Baghdad]
Prime Minister Haider al – Abadi warned terrorist gangs trying Daesh, to launch attacks against the backdrop of its defeat in the liberated city of Mosul.
A statement issued by his office received by all of Iraq [where] a copy of the “Council of Ministers held its regular meeting on Tuesday under the chairmanship of Prime Minister Haider al – Abadi, who renewed during the meeting congratulated the Iraqi people constantly victories and preparations for the Liberation of Tal Afar and the rest of the regions, calling for the criminalization of sectarian and racist discourse and hate speech “.
Presented Abadi , “presided over the meeting briefed on the developments in the last three days leading up to the resolution of the battle in Mosul and large losses in the ranks Aldoaash,” he said . “Daesh terrorist received a violent blow in Mosul led to the case of refraction of myself among its ranks against the strength and determination of our troops, calling for attention and vigilance to thwart any attempt a terrorist attack to prove the existence “.
The Council of Ministers agreed during its meeting today , ” a proposed bill to criminalize sectarian and racial incitement and hate speech in order to save the unity and integrity of our people and the coexistence of everyone.”
The Council also discussed the “Mosul Dam contract signed with the Trevi Italian company.”
The statement noted that “In the framework of the development of Iraqi – Saudi relations were discussed and approved the identification and ownership of sites of Iraqi embassies, Saudi Arabia, according to the principle of reciprocity.”
The Cabinet approved the “Iraqi General Company for Cement exception of the implementation of the instructions of the federal budget for the continuation of the work of the company ‘s plants located within the aforementioned provinces [Nineveh and Anbar].”
The Cabinet also face ” to introduction of functional degrees of Mnspin and contractors from non – political prisoners.”
The Council discussed ” the issue of protection of Iraqi antiquities and the need to move them to adjust the getaway and restore / also agreed to amend the draft disengagement reform events from the Ministry of Labor and Social Affairs and the Department of Justice attached to the Ministry of Law , according to the proposal of the Ministry of Labor.”
He also agreed “on the project to meet the ideals pay for state – owned land disposed of law for non – agricultural purposes.”

Abadi , responding to the United Nations addressed a letter to the Kurds: in their interest to be with Iraq

 Abadi, responding to the United Nations addressed a letter to the Kurds: in their interest to be with Iraq
 Twilight News    
 one hour ago

Twilight News Prime Minister Haider al-Abadi / on Tuesday rejected a UN report on the Iraqi government to impose collective punishment on the families of Dhuoha it belongs to the organization Daesh.

The United Nations envoy to Iraq, Jan Kubis called yesterday by a report yesterday in front of the organization in New York Abadi to stop collective punishment against some families, referring to the families of the organization Daesh.

Ebadi said in the weekly conference held today after meeting his ministers, he said that “collective punishment has no place among us”, calling on international organizations to verify the release of their information about Iraq.

The Abadi said the support of the Iraqi government to rally popular pro-Iraqi forces with a Shiite majority and to increase financial budget from the state treasury, support way by saying, “We will not allow the theft of the efforts of the fighters and exploitation of political parties will not allow those parties that financed their election campaigns dedicated to the fighters of money.”

Parliament ends discussion of the budget in 2017 without modification and determines the questioning of ministers {expanded}

 

History of edits:: 2017/7/18 15:24 • 76 times readable
{Baghdad} Euphrates News in the House of Representatives ended its regular meeting held on Tuesday under the chairmanship of Salim al-Jubouri, President of the Council and in the presence of 222 deputies, a report and discussion of the draft revised federal budget for fiscal year 2017 law.
At the outset of the meeting, Park Jubouri the Iraqi people in general and fighters heroes all Snovhm and the people of Nineveh , especially the victories achieved against Daesh terrorist , saying that victory is our Bzmtna for efforts to strengthen the roles of the regulatory and legislative, noting that the security and defense committee will organize effectively to honor the martyrs of the press and in the presence of military leaders.
President al – Jubouri , announced the existence of a proposed site law of 70 deputies to commemorate the martyrs of the war against Daesh and accelerate the completion of Amaamlatadthm care Bjrahahm to be considered in accordance with the legislative contexts used, noting that the presidency of the Council considered that allocated the first month of the beginning of the legislative term for the purpose of completing the basic and important legislation, especially law elections and the electoral Commission. ”
He Jubouri that the House of Representatives 7 requests for interrogation met 6 of which the formal and legal procedures , while questioning request the seventh is still under consideration, announcing the identification on 3 August next date for questioning the Minister of trade agency {Salman Gemayel J} submitted by the high Nassif MP that are the rest of the interrogations consecutively in every week within the schedule.
Decided by the Presidency to postpone the vote on the proposed provincial elections law to a meeting on Thursday in order to mature the bill and settle views differing on problematic to hold elections Kirkuk being a need to maintain compatibility between the components.
the presidency referred the decision on the representation of a formula Yezidi component in the election commission to a committee of experts to choose the members of the High Commission for independent elections for consideration and submission of the formula to be presented to the Council.
The Council postponed the vote on the candidates of the Federal Public Service Board and the candidates of the Board of Commissioners of the High Commissioner for Human Rights to next Thursday.
The Board completed the first reading of the draft switch provinces of Qadisiyah name and nationalization to the provinces of Diwaniya, Kirkuk and submitted by the committees of the regions and governorates that are not organized in a region, legal, which aims to rename Qadisiyah province to its former name of Diwaniyah association on people of the province and in line with the nomenclature adopted by the Iraqi Constitution Act.
The Council also finished reading the report and discussion of the draft revised federal budget for fiscal year 2017 submitted by the Finance Committee.
In the interventions of the House of Representatives, she saw MP Najiba Najib that the financial budget of the positive aspects, including peasants, retirees and contractors dues, noting that the budget include the lack of coverage in the investment and operational budgets, especially concerning the Kurdistan region.
He called Niazi architecture Ihsanoglu to the allocation of amounts ranging between 60-70 billion dinars to compensate the victims as a result of unfortunate events two years ago in the district of Tuz Khormatu.
The MP Furat al – Tamimi stressed the importance of taking into account the issue of the payment of the farmers with the need to run graduates in state institutions.
In turn , MP Ammar Tohme the need to increase non – oil revenues through the activation of control Asthsalha and prevent corrupt ones benefit.
The MP Abbas al – Bayati said that the supplementary budget to be discussed is a correction for the measures taken in the budget that were approved during the current year in the absence of availability of funds.
He noted MP Ahmed Hama Rasheed that Iraq ‘s foreign debt stood at $ 112 billion, warning of the risk of the House of Representatives to vote on the revised budget in the absence of details of the House of Representatives for cash and in- kind loans contained therein.
For his part, MP Jawad al that the budget needs to be clarified by being modified or complementary , as well as it relied on differences in oil prices under the guaranteed rates of export but hid data on funds to 700 million barrels , which is needed to be clarified.
He said MP Mohammad Naji that the budget deal with emergency issues and to avoid the shortfall in the needs of state institutions calling for the Finance Committee to work to make transfers to address the imbalance salaries of employees of the popular crowd and their counterparts in the equated armed forces.
For its part , MP Hanan al showed that the budget without reform because of an increase in the fiscal deficit with an increase in expenses, reflecting the confusion in the financial file , emphasizing the importance of providing financial allocations for those who has broken their contract of employees of the defense and interior , despite the House vote on a resolution in this regard.
MP Abdul Karim Abtan the need to provide financial allocations for the disbursement of end of service benefits for retired officers.
He called MP Mohammad Taqi Mawla to provide financial allocations to pay hundreds of police officers affected salaries.
In response to the interventions competent Committee stressed that the IMF has a reform project in which aspects related to staff and financial benefits to farmers and contractors ‘ salaries, pointing out that the response to the demands of the House of Representatives will lead to the expansion of the budget, stressing that the Finance Committee apologizes for adding any amount of money outside of the constitutional powers with the possibility of adding some provisions that allow for increased non – oil resources noting that the Finance Committee fully informed monthly financial volume of imports resulting from the sale of oil.
The Presidency has decided to postpone the vote on the draft commercial agency and submitted by the Committee on Economy and Investment Regulatory Act and complete the vote on the draft reform of inmates and depositors and submitted by the working committees of social and legal choosy, security, defense and human rights law.
The Presidency has postponed the discussion of the subject of loyalty to the martyrs of Nineveh at the request of the Attorney Haider Alfoada to next Thursday , as well as the postponement of a general topic to discuss the water crisis in Iraq to a meeting on Saturday to attend could not be concerned ministers and their association with a session of the Cabinet.
In another matter , the President of the House of Representatives stressed that executives are obliged to answer the question of oral submitted by the House of Representatives where it will be timelines for the presence of the ministers concerned in this regard the development.
The House of Representatives lifted its session today to Thursday Almqubl.anthy

Kurdish Delegation to Visit Baghdad for Talks over Independence

 

Financial and geographical issues will be discussed

Kurdish Delegation to Visit Baghdad for Talks over Independence

 

ERBIL — A senior Kurdistan Region delegation will soon be formed for talks with Baghdad over a range of topics, including the forthcoming referendum on Kurdistan’s secession from Iraq and other outstanding issues between the sides.

Ashwaq Jaf, a Kurdish member of the Iraqi parliament, told BasNews a senior delegation would be formed in the near future for negotiations with Baghdad about the September vote on independence and a number of issues including financial, geographical and border issues.

The Kurdistan Region’s delegation will consist of senior members of Kurdistan Region’s parties, she noted.

She added that Kurdistan Region’s secession from Iraq has been already mentioned in a meeting with the Prime Minister Haider al-Abadi who has said “I know what Kurdistan Region’s people are seeking — they’re seeking independence.”

Kurdistan Region has planned to hold a plebiscite on independence on September 25th of this year.

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