OPEC oil exceeds $ 62 a barrel


Date Posted 21/12/2017 05:17 PM

The price of oil basket OPEC in daily trading today to reach 62.16 dollars a barrel.
“The price of crude oil (OPEC) reached 62.16 dollars per barrel compared to 61.72 dollars the previous day,” the Organization of the Petroleum Exporting Countries (OPEC) said in a statement.
The OPEC basket is made up of desert mix (Algeria), Gerasol (Angola), Orient (Ecuador), Minas (Indonesia), Iran Heavy, Basra Light (Iraq), Kuwait Export (Kuwait) Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Marban (United Arab Emirates) and Miri (Venezuela).



amounts .. America reveals the size of funding for Arab countries How much share of Iraq?

..America reveals the size of funding for Arab countries How much share of Iraq?
 Twilight News    
 5 hours ago

The United States Agency for International Development (USAID) has published a list of 20 countries that receive funding from Washington.
Iraq is at the top of the Arab countries receiving US aid, it has received 5.28 billion, 89 percent of them for the military field.
In detail, Iraq received 4.8 billion in security and military support, 369 million in humanitarian relief aid, 86 million in emergency food aid, and 10 million in administrative expenses.
US support for Iraq in 2001, when Saddam Hussein was still in power, did not exceed $ 181,000. Then, in 2006, three years after the US forces entered Iraq, he jumped to 9.7 billion, the highest rate ever among all Arab countries in the past years .
received 1.23 billion, 89 percent of them in the military field, and the remaining 11 percent went to the development field. According to the report, about 1.1 billion were earmarked for military and security support, while 37 million for education and 26 million for humanitarian aid, while 45 million for economic growth.
In 2002, Egypt received 2.3 billion in the highest number in the past years, while in 2014 it was the lowest in terms of US support to Egypt; it did not exceed 180 million.
Jordan Jordan
received 1.21 billion, which was relatively in favor of development support for military support. Of the most important received by Jordan during this year, 510 million for security and military, 213 million for the general budget, 188 million for humanitarian relief, $ 82 million for education, and 60 million for health.
In general, Jordan remains one of the Arab countries that has received the most financial support in the past few years. The figure in 2003 was 1.7 billion, while in 2001 it was the lowest of 259,000.
Syria Syria
received 916.4 million. Although Washington provided 94 million in security, it said all its support for Syria was for development. Humanitarian aid is estimated at 471 million, 320 million for emergency food aid and 20 million for various relief programs. While the share of “democratic participation and civil society” was 1.8 million.
US aid to Syria has risen since the start of the war in 2011, and by 2010 it was only around 22 million, and it is still rising. 2017 is expected to be bigger than its predecessors in receiving US support.
Palestinian Authority
The West Bank and the Gaza Strip received 416.7 million, fully targeted for development support, despite 18 million security support, which Washington said was dedicated to building civil peace. 133 million allocated for emergency relief needs, 86 million for social services, and 11 million for government and civil society.
US support for the West Bank and the sector has been uneven in recent years, reaching 2013 billion dollars, while 2006 recorded the lowest support, not less than 85 million.
Lebanon Lebanon
received 416.5 million, 81% of which are in the development field. In particular, Lebanon received $ 249 million for humanitarian relief services, $ 75 million for security reforms, $ 12 million for drug control and $ 9.2 million for government and civil society in sectors such as democratic participation and legal development.
In 2014, Lebanon received the largest amount from the United States of $ 508 million, while 2012 is the lowest of $ 16 million.
US support to Yemen amounted to 305 million. Most of which is directed towards humanitarian aid by 294 million, with low support quotas directed at the government and civil society, not exceeding 3.7 million. US support for Yemen has been rising since 2009.
Somalia Somalia
received US $ 274.7 million in aid, $ 174 million of which is for relief and food aid, and $ 43 million for security operations. US support for Somalia remains volatile, with 2012 reaching $ 469 million.
Sudan received about 137.8 million, 125 million of which were allocated for food and food aid. US support for Sudan has been very low because of the sanctions imposed on it, but it began to rise from 2010, with 2013 reaching 170 million.
Tunisia Tunisia
received 117.4 million, 79 of which were directed to military support, and the rest to the development field. Security support has been specifically allocated to 69 million, government and civil society 10 million, 25 million to the energy sector, 5.9 million to economic growth and 3.7 million to education.
For Tunisia, the largest recipient of US aid, 2012 remains about 155 million. While the year 2006 is the lowest, not exceeding 6.4 million.
Morocco, West, sunset
Morocco has 82 million, 84 percent of which is for development and 16 percent for the military field. The biggest support by sector was education, with 24 million, government and civil society at 19 million, and security support at 15 million. Support for administrative expenditures amounted to 11 million, and 8.4 million directed to support economic growth.
2014 is the year in which Morocco received the lowest US support, about 24 million, while 2008 was the largest amount of US support by 725 million.
Libya received 26.6 million, all earmarked for development support. But 13 million were earmarked for “civil peace building”. Support for humanitarian relief totaled 10 million, and 1.1 million were allocated for assistance in several sectors. America’s aid to Libya has generally remained mediocre. The largest it was in 2011, on the eve of the fall of Qadhafi’s regime of 118 million. In the Gaddafi era, Libya received little or no aid.
In 2016 Algeria received 17.8 million, 91% of which was earmarked for development. The highest support was for humanitarian relief needs of 12 million, then support for the government and civil society at 4 million, while security support was only 1.4 million.
In recent years, Algeria has not received much American aid. 2016 is the year in which it received the largest amount of aid, the lowest in 2005, with US support at 2.5 million.
Mauritania Mauritania
received 12.7 million US support, 89% directed to development support. Relief and food aid topped 5.8 million. US aid to Mauritania reached its peak in 2013 at $ 51 million.
Bahrain Bahrain
is the Gulf Arab state that receives the most US assistance in 2016, about 6.5 million. 91 percent of them are military. Security and military support amounted to 5.4 million, while 806,000 were allocated for drug control and 351,000 for government and civil society.
US support for Bahrain has fallen sharply in recent years. 2003 is the largest year with $ 95 million, while 2005 remains the lowest of $ 5.1 million.
Sultanate of Oman Oman
received 5.7 million, 80 percent of them for the military side. Oman received 4.6 million dollars for military and security support, 839,000 for government and civil society, and 339,000 for drug control. In 2003, it had 82 million, the largest figure in recent years among all the Gulf countries, while 2001 remained the year with the lowest support of 660,000.
The UAE received 1.1 million, 65 percent in the development field. The largest share of the anti-narcotics field was 395,000, followed by 260,000 for legal and judicial development, 371,000 for the energy sector and 110,000 for economic growth.
The year 2007 remains the largest in the UAE in terms of US aid by 11 million, while in 2012 formed a paradox with a decrease of 304 thousand.
Saudi Arabia
received about 733 thousand dollars, 98 percent of which is earmarked for development. In detail, the government and civil society received 410,000, the health system received 309,000, and the sum of 9.3 thousand was allocated for security.
Like most Gulf countries, Saudi Arabia has not received much American aid in recent years. In 2001, it did not receive any assistance. While 2016 is the most supportive year of 1.8 million.
Kuwait Kuwait
has only 112,000, of which 97 are targeted for development support. A total of 58,000 went to support education and training in energy, while 51,000 went to the government and civil society, and 3,000 to drug control.
Kuwait, the least heavily subsidized Arab country in recent years, has received no support from 2001 to 2004, more than in 2011 and 2014. The biggest support it received in 2007 was 1.3 million.
Qatar Qatar
is the least Arab country receiving American aid. In 2016, it received only 95,000. 65 percent of which was earmarked for military support, and the rest for development. In detail, the bulk of this aid, specifically $ 62,000, was allocated to the field of drug control, while 33 thousand allocated housing policies and health systems.
He notes that US aid has fallen for Qatar, and has never received any US aid in 2013 and 2014. While 2009 is the year that received the most US support of about $ 4 million.


Baghdad and Erbil talks at the beginning of the new year



Baghdad and Erbil talks at the beginning of the new year


Last Post: 21-12-2017 07:52 PMThe Euphrates –

MP of the Patriotic Union of Kurdistan Bakhtiar Shaways, on Thursday, the existence of an official initiative to resolve the outstanding problems between Baghdad and Erbil beginning of the new year.

Shaways said in an interview with media close to his party that the talks between Baghdad and Erbil will begin at the beginning of the new year. Adding that we hope that these talks will be successful in ending the differences that emerged as a result of the Kurdistan independence referendum.



Central Bank announces the establishment of a joint lending fund to fund important projects


Central Bank announces the establishment of a joint lending fund to fund important projects

 Baghdad / Zahraa al-Jassim 

The Central Bank announced the establishment of a joint lending fund with a capital of 500 billion dinars, and according to the Banking Law, this fund can grant a 10% loan to finance the infrastructure projects of the country, an expert confirms that the idea is open to a number of banks and banking experts eight years ago, but the entry of the central to apply now, It should give it momentum and strength of lending, provided that the process of lending from the lenders and brokers and routine, and half of its members from the private sector to start new methods of easy to lend without complications or extortion.

The adviser to the Governor of the Central Bank of Iraq, Walid Eide, said in an interview with the press, that the Central Bank established a joint lending fund with capital of 500 billion dinars to finance projects that develop infrastructure, noting: The Banking Law allows the bank to grant a loan of 10% of capital as a result of the challenges facing The economy due to the security situation and the weakness of the guarantees provided. He pointed out that the Central Bank decided to establish a joint lending fund with a capital of 500 billion dinars, which can be increased and with compulsory participation from all commercial banks, explaining that each bank will contribute to the capital of the Fund by 4 billion dinars.
“The loans that will be granted by the Lending Fund are related to the development of infrastructure such as the establishment of hotels and hospitals, financing the government’s dilapidated projects and the construction of schools and others,” he said, stressing that the interest of the Lending Fund will be very small compared to market interest. On the one hand loan.
According to the expert on economic affairs, in the name of Antoine in an interview with (range), that this idea was presented by a number of banks and banking experts more than eight years ago, the establishment of a lending fund shared by all Iraqi banks with a joint capital to activate investment in Iraq But the idea remained a dead letter and was not implemented. However, today, when the central bank enters into this process, it must give it momentum and strength to lend to many companies that can choose projects that create job opportunities for the unemployed and reduce the poverty rate. It is also one of the means of financing especially that the bank Focus previously allocated five trillion dinars amount to the industry, agriculture and housing.
Antoine confirms that the lesson is not in the allocation of funds, but in the tools of implementation, because we did not see the movement to the required level, especially in the industrial sector, where the previous lending process had very difficult conditions, and now we can see the same situation, but we hope that the process After the completion of the selection of members of the fund and money, is to start new methods of lending without complications and routine, because without it we will see this idea dead, because in Iraq we have a problem is the gap between planning and implementation, and the rampant financial and administrative corruption is also a handicap and obstruction, not to mention the bureaucracy And routine utilities For the process of extinction.
In the case of this lending fund, there is a major obstacle. Who will manage this fund? Will a government administration also have the same process of red tape or will it be shared by private banks? There should be a hand for the private sector through a board of directors, half of which will be from the private sector. To facilitate the process and obstacles and reduce the complexities and latencies, it is a sound step if the monitoring and follow-up and the selection of people appropriate to this process, and can provide something important and solve part of the economic problems of the country, but we must keep this fund on the file of corruption and hegemony because of parasitic people trying Blackmail We should also issue a law in the fund called the Lending and Financing Law, so that there will be a nucleus for this process, including selecting the appropriate fund managers to witness the success of the idea.
Iraq has about 70 banks licensed by the Central Bank and their capital is more than 11.7 trillion dinars, which gave the banks operating in Iraq, government and private loans more than 37 trillion dinars, according to data issued by the Association of Iraqi private banks.

URGENT Deputy: emergency session of parliament next week to approve the budget

History of edits:: 2017/12/21 21:09 • 214 times readable

(Baghdad: Al-Furat News) A deputy from the coalition of state law Haider Mawla, an emergency session of the House of Representatives next week.

“I expect during the next week to call the Speaker of the House of Representatives Salim Jubouri to an emergency session to approve the budget in addition to completing the paragraphs of the election law.”

The House of Representatives has received this month a draft bill of the budget of 2018 from the government in what Prime Minister Haider Abadi last Tuesday expressed his hope to approve the budget quickly.


Alaq calls for a package of government measures to address the problems of the private sector



From 2017-12-21 at 12:01 (Baghdad time)

Baghdad Mawazine News

The Secretary-General of the Council of Ministers, Mahdi Al-Alak, called on Thursday for a package of government measures to address the challenges facing the private sector’s work, stressing the importance of finding partnerships or alliances to expand the business in preparation for entering the global market.

In a statement to the Information Office of the Secretary-General of the Council of Ministers, Mawazine News received a copy of the statement that “Al-Alaq held a meeting in the Secretariat building in the presence of the Chairman of the National Investment Authority and representatives of ministries (Finance, Construction, Housing and Public Municipalities) and the World Bank, in addition to representatives of the private sector of businessmen and investors Iraqis to cooperate in the development of a package of government measures address the challenges facing the work of the private sector and affect the movement of the economy in Iraq and the possibility of making recommendations contribute to remove all obstacles on the part and reform of legislation on the other.

He pointed out by the statement that “one of the most important elements to stimulate the economy in the country and the transformation to the private sector, activating the social security of the workers, which will contribute significantly to attract youth and absorb unemployment, and create cadres to lead the sector to build an independent institution that contributes to the building of the Iraqi state, The next phase of the reconstruction of the country. ”

He pointed out that “investment projects are the main axes of the Kuwait conference to be held in February next year, and the Iraqi delegation will reflect the reality of the labor market and the image of supervising businessmen through the creation of an investment environment.”

He added that “representatives of the private sector have submitted a set of proposals, including the activation of a charter of action for the sector signed in the year 2015.”