Study the mechanisms of cooperation of Iraqi-US banks

13/11/2017 12:00 am

Baghdad / Hussein Thogb

a new stage adopted by Iraqi banks with direct openness to the American banking sector through the examination of mechanisms of cooperation and access to mutually beneficial understandings and contribute effectively to the economic development process that Iraq is waiting for.

The advanced banks

dealing with banking affairs Ali al-Zaidi described meetings with US banks in the task, which included clarification of the reality of the work of Iraqi banks and the environment and mechanisms to catch up with sophisticated banks around the world. “The meetings with the American side were twofold, the first in New York and the most important ways of drying up the sources of terrorist financing, then the other part in Washington. We had a meeting with the representatives of the largest US bank Citi Bank and we focused on the challenges that prevent direct cooperation between US banks And Iraq away from any mediator. ” Extraordinary progress

The representative of the US Treasury in his embassy in Baghdad, John Sullivan, had talked about international support to combat money laundering and financing of terrorism in Iraq and said: “Iraq has achieved during the past years extraordinary progress in the financial sector, and in turn we support Iraq in this direction, which achieves development,” calling “The disclosure of the achievements achieved through advertising in various media as the international community follows the reality of money in Iraq and has a desire to know more achievements that are achieved here.” Direct cooperation , said Zaidi: ” The dialogue was frank and transparent beyond the border and asked to have direct cooperation without mediator represented by banks ring (Turkish – UAE) and then US banks,” adding that “external transfer mechanisms going through US banks, and that Iraqi banks operate According to international banking systems and there are a large number of banks and if there were mistakes in a bank, it does not mean that the banking sector suffers imbalance. The accounts directly and asked Zaidi that “the committees are composed of the American side visit Iraqi banks and that the Iraqi banks are granted direct accounts without an intermediary and look at the results and then the American banks will see the reality of the work of the Iraqi financial sector,” noting that “the Iraqi financial sector has come a great way during the past period and managed Of developing mechanisms of action and overcome the mistakes that were in the course of his work. ” He pointed out that “American banks are interested in restructuring government banks and there should be an effective role for private banks in the process of economic development, and attention should be paid to young blood and advanced technologies and overcome the mistakes experienced by the financial sector in the  past.” External influence Zaidi stressed that during the meetings was explained the privacy of the work of the Iraqi banking sector and that he works independently without any external impact of international or regional may be prepared by US banks a challenge to cooperate with Iraqi banks, pointing to the possibility of dealing with Iraqi banks that have advanced technology and banking systems approved globally. He pointed out that “the mistakes of the past have been a reason to evaluate the work of banks and promote their performance and products to suit the reality of the Iraqi economy, which awaits a promising future  .” An international auditor, said that during the meeting was the subject of a global auditor to be brought to the Iraqi banks, which bear all costs to perform the task of checking and see the progress of work and come out with results to stand in the reality of the banking sector and mechanisms of  work.


And the start of a process to track the cells of «Dahesh» south of Diyala

Published: 13/11/2017

Baghdad: «Gulf», agencies

BAGHDAD (Reuters) – Seven Iraqi military personnel, including three Iraqi pilots, were killed yesterday when a Russian-made MA 17 helicopter crashed on a training mission in Wasit province south of Baghdad, In the province of Diyala, and as Iraqi families began to flee before the start of the process of liberating the district of Rawa, tribal sources in Hawija of Kirkuk revealed the arrest of the head of the raids in the terrorist organization.

“A M-17 helicopter crashed and its crew was killed during a training mission in Wasit province” 160 kilometers south of Baghdad, the statement said. An officer at the Air Force base in Wasit province said the incident occurred at 8:30 am local time, pointing out that the dead were three pilots, one of them a lieutenant colonel and two captain, confirmed by a medical source at Al Zahra Hospital in Kut, Wasit Governorate.

On the other hand, the commander of operations of the Tigris, Lieutenant General Mizher al-Azzawi, that pieces of the army and police and the Popular Populace militia «launched in a large-scale military operation of two axes to track the cells« Dhaash »in nine areas south of the province of Buhrez (9 km south of Baquba), covered by Air Force ». He added that “the operation comes within the strategy of commanding the operations of the Tigris in tracking the cells« Daash », and search for wanted, and give messages to reassure the people that we will not allow the existence of threats in any spot on the land of Diyala, and will promote internal stability».

In the meantime, Iraqi military sources said that dozens of families began to leave their homes in the district of Rawa, the far west of Iraq, before the launch of a military operation to free him from the control of the «Da’ash». The sources said that «the start of the process of liberating the district of Rawa is very imminent, after the liberation of the Romaneh area, and there is fear and anticipation in the families because all sources confirm that« Da’ash »will fight a big battle in the judiciary, which is the last stronghold in Iraq».

“The Iraqi forces have completed their preparations for the final battle, and the weapons that will be used in the battle and the deployment of the military units have been prepared in their interlocutors.”

She pointed out that «there is great cooperation by the people with the security services through accurate intelligence and information on the whereabouts of the elements« Daqsh », and the identification of the elements« da’ash »who have penetrated among the people to escape to other areas.

Officials say at least one person was killed and 50 wounded in Iraq after the earthquake

Editorial date:: 2017/11/12 23:43 • 133 times read

BAGHDAD (Reuters) – At least one person was killed and 50 wounded after a powerful earthquake hit large parts of Iraq on Sunday, local officials said.

“Most of the injured are from the city of Darbandikhan, 75 km east of the city of Sulaymaniyah in the semi-autonomous Kurdistan region of Iraq,” health officials said.

The Ministerial Council for National Security issues a set of resolutions concern

ing the security of the country

Iraq News Now


The National Security Council, headed by the Prime Minister and Commander-in-Chief of the Armed Forces, Haider al-Abadi, issued a series of resolutions on the security of the country.

“The Prime Minister, Commander-in-Chief of the Armed Forces, Haider al-Abadi, presided over a meeting of the Ministerial Council for National Security,” a statement from the Abadi office said.

He added that “during the meeting discussed the developments of military operations and the disinfection of the island and the Euphrates to the Syrian border, which are vast desert areas where our heroic forces are carrying out these operations and achieve their objectives.”

“The council has blessed the efforts of the security forces, which contributed to securing the visit of the Imam Hussein, despite the great terrorist threats,” he said.

He pointed out that “the contracts of arming the armed forces and equipping the anti-terrorism forces with weapons and military equipment, as well as the Ministry of the Interior with wheels of military use were discussed.”

“The council discussed a number of issues and issued a number of decisions and directives regarding the security situation in the country,” he said.

Meeting between the Presidency of the Parliament of the region and the heads of the Kurdish blocs in the House of Representatives Federal and Kurdistan

Tomorrow Press / Salah Papin:

revealed a senior source in the government of Kurdistan, on Sunday, for an expanded and important between the Presidency of the Parliament of the region and the heads of blocs in the Council with the heads of Kurdish blocs in the Iraqi Council of Representatives meeting.

The source said the “tomorrow” Press, “that” an expanded meeting will be held at 11 am on Monday, between the Presidency of the Parliament of Kurdistan and heads of blocs in the Council as well as the heads of Kurdish blocs in the Iraqi Council of Representatives. ”

“The meeting will discuss in particular the current crisis between Baghdad and Erbil and speed up finding urgent solutions to the crisis to prevent further development,” he added.

He explained that “the meeting will come up with several recommendations on the mechanism of communication with Baghdad to resolve the current crisis.”

A senior source in the Prime Minister of the Kurdistan Regional Government, “Al-Ghad Press”, earlier in the day, on the reason for postponement of the meeting of the Kurdistan government with the heads of Kurdish blocs in the Kurdistan Regional Parliament and the Federal Council.

Oil Minister: We have fulfilled our commitment to state coffers by more than 47 billion dollars

Editorial Date: 2017/11/12 18:44 • 44 times read

The Minister of Oil, Jabbar Ali Al-Allaibi, announced the success of the ministry in achieving financial revenues of the federal treasury amounted to 47 billion and 800 million dollars on the export of crude oil to global markets within 10 months.

A statement by the ministry, received by the agency {Euphrates News} a copy of it today that al-Allaibi “confirmed during a meeting of the Committee on crude oil pricing in the Oil Marketing Company on Sunday, the ministry has fulfilled its obligations to the federal treasury for this year 2017 and was able to achieve financial revenues amounted to 48.880 dollars during The period mentioned and before the end of the months of this year, with our expectations to add more than 10 billion dollars for the months of November and December the next and exceed the total revenue is expected this year about 57 billion dollars.

“The ministry has also achieved an increase in financial revenues of more than 7 billion dollars in 10 months in spite of the financial, economic and security challenges facing our work as well as Iraq’s commitments to reduce production within the decisions of the OPEC,” he said, “an achievement for the government and the ministry and oil workers “He said.

For his part, said spokesman Assem Jihad, “The average price of selling barrels of crude oil for the past ten months amounted to more than 47 dollars a barrel, an increase of more than 5 dollars from the price that was adopted in the federal budget for 2017.”

He expressed his hope that this increase in national financial revenues will reduce the proportion of the deficit in the federal budget. He predicted that “the ministry will achieve higher revenues next year compared to the current year if prices maintain their current rates, as well as stability of global markets and increase demand for Crude oil