Association of Private Banks: Doors of banks are open to support pilot projects

Economy News Baghdad :

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, that the doors of private banks are wide open to support small and medium-sized youth, pointing out the existence of a problem “global” in the distinction between pilot projects and other projects.

He added that on the sidelines of a panel discussion held by the forum “Innovation for Development” and attended by “Economy News”, that entrepreneurs wishing to obtain loans to support their projects must trust their projects first and be shareholders of the capital, stressing the need to provide the entrepreneur a clear idea His project is achievable in order to obtain a loan from banks.

Tariq pointed out that the owner of the project must have a feasibility study correct for his project, so as to know at least what he has and what he has, adding that these banks will deal with these projects in accordance with the instructions of the Central Bank of Iraq. The Executive Director of the Association of Banks, that the Association is ready to cooperate with the United Nations to make amendments to the instructions of the Central Bank on banking facilities for entrepreneurs, noting that the Central Bank deals flexibly with these things.


URGENT Interpol hands over Iraq to senior official accused of corruption

Release date: 2018/4/15 18:21

[Baghdad: Al-Furat News} Iraq, received from the International Police (Interpol) announced a senior official accused of corruption.

A statement to the media office of the Prime Minister received the agency {Euphrates News} a copy of it, “and continuing the campaign of corrupt pursuers announced by the Prime Minister, Haider Abadi, and efforts and diligent follow-up files corruption that wasted the money of Iraq was followed up one of the biggest accused of corruption called {Ziad Al-Qattan The former Secretary-General of the Ministry of Defense in the transitional government and the arrest and brought hidden to Iraq to hold him accountable for the cases accused. ”

The statement pointed out that “the follow-up files of corruption is continuing and with vigorous efforts, and this is not the first time that a senior official outside Iraq has been arrested accused of corruption since the start of the campaign against corruption, as all those who have corruption will not be immune from prosecution, regardless of the duration that occurred Corruption “.

He stressed that “Ziad al-Qattan is accused of arms deals in which millions of dollars of corruption and follow-up in the country where he resides in cooperation with Interpol and currently in the hands of the Iraqi security services, where he will receive a fair penalty.”

He pointed out that “our bodies continue to follow many files of corruption and great efforts and there are many files that have reached the advanced stages in the search and will contribute significantly to the prosecution of corrupt and arrested.”

Mawazine News / publishes the final communiqué of the Arab summit at its 29th session

Arab and international

Since 2018-04-15 at 18:48 (Baghdad time)

Mawazine News – Follow up

The Mawazine News Agency publishes the final communiqué of the 29th Arab Summit held in Dhahran, Saudi Arabia.

“We are the leaders of the Arab countries gathered in Saudi Arabia / Dammam on 29 Rajab 1439H corresponding to 15 April 2018 at the 29th Ordinary Session of the Council of the League of Arab States at the summit level at the kind invitation of the Custodian of the Two Holy Mosques King Salman bin Abdul Aziz Al Saud. ”

“We reaffirm the importance of promoting joint Arab action based on a clear methodology and solid foundations that protect our nation from the dangers that threaten it, safeguard security and stability, and secure a bright and promising future that will bring hope and prosperity to future generations. And transformations have had the profound impact in exhausting the body of the weak nation and have left them looking for a bright future. ”

“It is no surprise that the Arab nation has gone through dangerous turns due to the rapid changes in the regional arena and has realized the fabrication of plans aimed at interfering in its internal affairs, destabilizing its security and controlling its destiny, which makes us more united, united and determined to build a better tomorrow. In the realization of the hopes and aspirations of our peoples and only the intervention of States and external parties in the affairs of the region and the imposition of foreign agendas contrary to the Charter of the United Nations and the rules of international law and human rights law and spread chaos and ignorance and exclusion and marginalization.

He continued, “It is our firm belief that the sons of the Arab nation who were inspired by the experiences of the past and lived the present are the most capable and better looking forward to the future and build it with firm determination and determination is not soft .. We:

1. We reaffirm the centrality of the question of Palestine to the entire Arab nation and to the Arab identity of occupied East Jerusalem, the capital of the State of Palestine.

2. Stresses the importance of a comprehensive and lasting peace in the Middle East as a strategic Arab option embodied in the Arab Peace Initiative adopted by all Arab countries at the Beirut Summit in 2002 and supported by the Organization of Islamic Cooperation, which is still the most comprehensive plan to deal with all final status issues, Provide security, acceptance and peace to Israel with all Arab countries, and we affirm our commitment to the initiative and our adherence to all its provisions.

3. We affirm the illegality and illegality of the American decision to recognize Jerusalem as the capital of Israel, with our categorical refusal to recognize Jerusalem as the capital of Israel, where Jerusalem will remain the capital of Arab Palestine, and we warn against taking any measures that would change the current legal and political status of Jerusalem. The entire Middle East.

4. We welcome the decision of the UN General Assembly on Jerusalem and thank the countries that support it, while reaffirming the continuation of the work to re-launch serious and effective Palestinian-Israeli peace negotiations that will end the political failure of the issue due to the intransigent Israeli positions. To end the conflict on the basis of a two-state solution that guarantees the establishment of an independent Palestinian state on the borders of June 4, 1967 with East Jerusalem as its capital, as this is the only way to achieve security and stability in the region.

5. We affirm our rejection of all unilateral Israeli steps aimed at changing the facts on the ground and undermining the two-state solution. We call upon the international community to implement the resolutions of international legitimacy, the latest of which is Security Council resolution 2334 (2016) condemning settlements and land confiscation. Which was renewed on 15/1/2017 and renewed the commitment of the international community to the two-state solution as the only way to achieve lasting peace.

6. We call for the implementation of all Security Council resolutions on Jerusalem, which affirm the nullity of all Israeli measures aimed at altering the features of East Jerusalem and confiscating its true Arab identity. We call on the world to not transfer its embassies to Jerusalem or recognize them as the capital of Israel.

7. We affirm the need to implement the decision of the Executive Council of UNESCO issued by the 200th session on 18/10/2016. We call on the international community to shoulder its responsibility for Israeli violations and arbitrary measures against Al-Aqsa Mosque and its worshipers. The campus in its administration, maintenance, preservation and organization of access to it.

8. We affirm our support and support for the Kingdom of Saudi Arabia and Bahrain in all measures taken to protect its security and capabilities from the futility of foreign intervention and its evil hands. We call on the international community to take a stand on Iran.

9. We refuse to interfere in the internal affairs of the Arab countries and condemn the aggressive attempts aimed at destabilizing the security, instigating sectarian strife and fueling sectarian conflicts as a violation of the principles of good neighborliness and the rules of international relations and the principles of international law and the Charter of the United Nations.

10. We emphasize the importance of building normal relations based on mutual respect and positive cooperation with neighboring Arab countries to ensure security, peace, stability and development.

11. We stress the need to find a political solution to end the Syrian crisis, in order to achieve the aspirations of the Syrian people, which is under the weight of aggression, and preserve the unity of Syria, protect its sovereignty and independence, and end the existence of all terrorist groups, Syria, and the relevant Security Council resolutions, especially Resolution No. 2254 of 2015, can only stop the bloodshed by reaching a peaceful settlement that achieves a real transition to a political reality formulated and agreed by all the components of the Syrian people through the Geneva process.

12. We strongly condemn the use of internationally banned chemical weapons in Syria, and call upon the international community to stand against these practices in order to achieve justice and the application of international humanitarian law and to respond to the call of living conscience in the world that rejects killing, violence, genocide and the use of prohibited weapons.

13. We reaffirm that Iraq’s security, stability and territorial integrity are an important link in the Arab national security system. We stress our absolute support for Iraq in its efforts to eradicate terrorist gangs and appreciate the achievements of the Iraqi army in liberating other Iraqi provinces and regions.

14. We affirm the efforts aimed at restoring security and security to Iraq and achieving national reconciliation by activating a political process leading to justice and equality, leading to a secure and stable Iraq.

15. We stress the importance of supporting the Libyan legal institutions. We reaffirm the four-way dialogue hosted by the League of Arab States with the participation of the European Union, the African Union and the United Nations in support of reaching an agreement that ends the crisis through national reconciliation based on the Skhirat agreement and Libya’s territorial integrity and cohesion.

16. We affirm our stand with the Libyan brothers in their efforts to defeat the terrorist gangs and to eradicate the danger posed by their foci and territories to Libya and its neighbors.

17. We commit ourselves to creating the necessary means and devoting all necessary efforts to eliminate the terrorist gangs and defeat the terrorists in all fields of military, security and intellectual confrontation, and to continue to fight terrorism and eliminate its causes and eliminate its supporters, organizers and sponsors at home and abroad like Iran and its arms in the Middle East and Africa. For our support and support for all of us to enjoy peace, security and development.

18. We affirm our concern to prevent terrorists from exploiting information technology and social media in recruitment, propaganda, spreading extremist ideology and hatred that distort the true religion of Islam.

We strongly condemn attempts to link terrorism with Islam. We call upon the international community represented by the United Nations to issue a unified definition of terrorism. Terrorism has no religion, no tons and no identity. We call on the governments of all countries to shoulder their responsibilities to combat this dangerous scourge.

20. We recall the distortion of some of the extremist groups in the world to the image of the true Islamic religion by linking it to terrorism, and we warn that such attempts serve only terrorism itself.

21. We condemn the acts of terrorism, violence and human rights violations against the Muslim minority of Rohingya in Myanmar and call upon the international community to assume its responsibilities and to effectively move diplomatically, legally and constructively to stop these violations and to hold the Government of Myanmar fully responsible.

22. We reaffirm the sovereignty of the United Arab Emirates over its three islands (Greater Tunb, Lesser Tunb and Abu Musa) and reaffirm all measures taken to restore its sovereignty over it. We call upon Iran to respond to the UAE initiative to find a peaceful solution to the issue of the three islands through direct negotiations or Recourse to the International Court of Justice.

23. We affirm our full solidarity with our brothers in the Republic of the Sudan in order to safeguard the national sovereignty of the country and strengthen efforts to consolidate peace, security and development.

24. We confirm our continued support to the brothers in the Federal Republic of Somalia to spread security and stability and fight terrorism, usually building and strengthening national institutions and facing economic and development challenges.

25. We affirm our continued support for the initiative of the National Dialogue of the Comoros and stand by the Moon to achieve the vision of reaching the ranks of emerging countries by 2030.

26. We appreciate the efforts exerted by the Economic and Social Council in particular and the Arab League Councils in general to follow up the decisions of previous summits and to implement them with the aim of developing Arab economic cooperation, increasing trade exchange, strengthening and linking the infrastructure in the fields of transport and energy, We appreciate the achievements made in the field of sustainable development in this context, looking forward to the continued development of partnership with the private sector and to creating a stimulating investment environment capable of establishing efforts to establish a trade zone. Arab Free Major and Customs Union.

27. We express our sincere thanks and gratitude to the Kingdom of Saudi Arabia for their warm hospitality and warm hospitality. We express our sincere respect and appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud for his wise conduct of the Summit and for his efforts. Dedicated to supporting joint Arab action and enhancing coordination and cooperation in order to serve the Arab nation and address the challenges it faces.


The launch of a demonstration in central Baghdad condemning the American strike on Syria

Policy  04/15/2018 17:02  583  Editor: en

Baghdad today – Baghdad

A security source said Sunday, the launch of mass demonstrations in Tahrir Square in the center of the capital Baghdad, to denounce the “triple blow” Franco-American British, Syria.

The source said, in an interview (Baghdad today), said that “hundreds of residents of Baghdad, demonstrated in Tahrir Square in the center of the capital, in response to the call of the Sadrist movement leader Moqtada al-Sadr, to denounce the US triple strike on Syria.”

A security source said earlier in the day that “the security forces began to cut off the roads near Tahrir Square,” noting that “the anti-occupation forces deployed near the scene mentioned.”

He added that the measures come “coinciding with the date of demonstrations condemning the bombing of Syria, which is scheduled to start at 4.30 pm, and directly protected by the Baghdad Operations Command.”

He pointed out that “Among the roads that will be cut, the streets extending from the intersection of Saadoun towards liberation, the Republic Bridge, the road near the Neural Hospital, most of the roads close to the scene.”

The leader of the Sadrist movement, Moqtada al-Sadr, called on Saturday, to mass demonstrations rejecting the triple attack on Syria on Sunday, with the participation of all shades of the Iraqi people.

Sadr said: “Iahbma if the Iraqi people come out of all factions, Arabs and Kurds, Sunnis, Shiites and other religions, but civilians and Islamists gather to translate their rejection of encroachment on the general peoples and the people of the Syrian private demonstration rallies and peaceful all in their wallets at the same time to declare their rejection of the US attack terror that will be general implications and will bring woes For the region in general and Iraq in particular, to not raise any slogan in the demonstration, only the flags of Syria and Iraq only. ”

Has been hit Syria at dawn on Saturday, a missile strike launched by units of US, British and French troops, at the time of the General Command of the Syrian army announced that the triple strike, which included the launch of approximately 110 rockets at Syrian targets in Damascus and beyond, and that the Syrian air defense system engaged and shot down most of them.

The beginning of the collapse of the Iranian currency signals the end of the political system in Tehran

The Iranian currency fell against the dollar in less than a year, stable at the edge of 5,000 tomans, as the dollar rose 400 tomans to 4985 on 13 February 2018, coinciding with the re-election of President Hassan Rowhani for a second term.

According to experts and specialists, the economic and political reasons for this decline are:

• Protests in Iran in late December 2017 due to high prices and unemployment , Which began with socio-economic slogans and raised slogans against the ruling establishment, and the demonstrations and internal political stimuli associated with the reformist-fundamentalist struggle, the emergence of control and transformation of space to object to the system to the confrontation between protesters and the authorities, Lack of security and low confidence in the Iranian market.

• The threat of US President Donald Trump to cancel the nuclear agreement created fears in the Iranian street, which affected the formulation of the Iranian economic scene, and the entry of Iranians to the stage of questioning, as the first manifestations of public concern in the increasing demand for the dollar and withdraw deposits for fear of the collapse of the currency, The bankruptcy of financial institutions that could not meet the applications of depositors.

Experts and specialists believe that the crisis is linked exclusively to the consequences of the economic sanctions that remain on Iran and the lack of foreign investment flowing into Iran.

Limiting the causes of economic sanctions alone has shown an incomplete picture of Iran’s complex crisis and Iranian economic and political evidence, so that analytical conclusions can not produce clear results.

Because the economy and politics are two sides of a single coin, the crisis must have repercussions beyond mere exchange rates and collapse, and go beyond Iranian financial policies that contributed to the emergence of the crisis.

The collapse of the exchange rate reflects a clear deterioration in the state of the Iranian economy, because the successive collapse of the exchange rate is reflected heavily on the prices of real estate assets and living standards of Iranians, especially retirees and fixed income.

The newspaper Arman described what is happening in the Iranian market as an attempt to “coup” against the government through the currency. “If the effect of the currency is not directly on people’s lives, the psychological impact can be difficult for society because the fluctuations of the currency and gold market cause the deterioration of calm. Psychological consequences for citizens.

The newspaper accused the “losers in the world of politics and economic groups” working hideously to confront the government through the “economy” (currency market and gold) to become a political weapon against the government.

Economic and political experts stressed that the increase in the demand to buy the dollar despite the increase in value due to lack of confidence in the Iranian regime, because of its expansionist and hostile policy in the region, which led to the exposure of their countries to international sanctions, in addition to the flight of foreign capital from Iran, The price of commodities and goods has skyrocketed.

He criticized the Iranian economic analyst Faridoon Khawand, the decision to determine the foreign exchange rate of his country, saying that the central bank will not be able to control much the price of green currency, pointing out that there are several factors that control the foreign exchange market in Iran, including inflation and foreign trade, especially in light of fluctuations World oil markets.

In the same context, the Iranian government tightened its grip to stop the devaluation of its local currency against the dollar, which fell to record levels. The central bank of Iran set a maximum limit for Iranians holding foreign exchange outside banks at 10,000 euros.

The central bank gave a date for consumers until the end of April to sell any surplus or deposit it in banks, Tasnim News Agency reported.

The official website of the Central Bank of Iran published new and official exchange rates for the pound sterling at 59330 riyals and the euro at 51709 riyals.

Iranian First Vice President Yitzhak Jahangiri described the crisis as an aggressive attempt against Iran, especially the United States, after the nuclear deal, stressing that Tramp is trying to disrupt the economic situation in order to prevent investment in Iran.

Jahangiri pointed to Iran’s agreements with other countries to attract foreign investments of more than 30 billion dollars in the form of finance, adding that a large volume of foreign investment is now moving into the country. In such circumstances, such changes in the foreign exchange rate appear to be Is completely abnormal and that there are uneconomic, unjustified and unexpected factors that are influential in this area. In such circumstances, we can not allow a disturbance in the country’s economic climate.

Jahangiri said that the price that was set at the meeting for the price of the dollar is 4200 Toman, it will be approved in transactions and does not recognize the government at any other price and will be held accountable for dealing at a higher price, as the security and judicial authorities are expensive to address it.

Iran was between the official exchange rate of its currency and its price on the open market a few days ago, and announced that the price of the dollar will be 42 thousand riyals in all markets and all business activities.

The expectations of the Iranian market observers that the economy of Tehran will see a collapse and specifically in the banking sector, in the coming period, considering that the foreign currency crisis is likely to expose the Iranian regime to the scenario of Venezuela’s acute crisis, which is experiencing a deepening economic crisis or the bankruptcy of official financial institutions in the country.

The Iranian government’s policy of imposing economic sanctions and reducing the price of the Iranian currency, especially the process of withholding Iran from the international exchange process (SWIFT), made its international exchanges very difficult and therefore the most important financial penalty to be directed to Iran. Anyone who has visited Tehran in recent years has difficulty using electronic payment cards in Iranian hotels and shops to buy goods and goods, forcing tourists to carry large amounts of money in their travel and travel in Iran. While the effects of economic sanctions are clear, the collapse of exchange rates can not be justified solely by the fact that these sanctions are only doing their work, but the policies of Iranian President Hassan Rowhani must also be put in front of their responsibilities.

Neoliberal policies of Hassan Rohani’s government have also contributed to this outcome, and the clash between policies of bias for the vulnerable as a political slogan and policies of bias against them as economic practice.

Therefore, the Iranian president is drawing attention now that he is under great pressure because of his responsibility for the current economic crisis. It is obvious that the wings of the government in Iran are trying to make him pay the price of the economic crisis for the remainder of the political balance in order to prevent the crisis from spreading to the entire regime.

Given Iran’s historical background, it is likely to re-align itself within the regime on the basis of a formula that can solve the economic crisis through its influence with actors in Iran’s economic equation, which requires relatively little time and quiet because of US President Donald Trump’s statements and pressures.

And economic failures will continue to do their work inside Iran for a foreseeable period, which puts pressure on Iran’s decision maker in the political and regional files. However, the economic and regional pressures do not seem to lead to an Iranian handover of regional files. The IRB has been holding about $ 70 billion in reserves to keep it from collapsing in the short term, and Iran still has a good deal of paperwork. The ball is still on the pitch and the final result has yet to be announced.

The crisis has had repercussions on the Iranian street. The sharp decline in the value of the Toman necessitated the interference of the security forces, the raids on the exchange market in central Tehran and the arrest of dozens of accused of manipulating the money market.

The Iranian government resorted to increasing the tax rate for travelers outside the republic. After the travel tax of 70 tomans paid at the time of leaving Iran for the first time, it became 220 tomans, the second passenger paid 320 tomans, the third one reached 440 tomans, and the Iranian toman reached 490 in the currency market. And 420 in banks

. Observers believe that the only hope for the Iranian economy to overcome this crisis is the continuation of the relative stability of oil prices, but the possibility of continuing social unrest and the intensification of sanctions could easily eliminate the economic benefits of stable oil prices.

The Arab Summit in Dhahran starts and 18 items are on its agenda

15-04-2018 All times are GMT +3

The Euphrates –

The 29th Arab Summit kicked off Sunday in the Saudi city of Dhahran, about 200 kilometers from the Iranian coast, with the participation of a number of Arab presidents and coinciding with the US-British-French strikes in Syria.

Saudi Arabia has received the rotating presidency of the 22-member league from Jordan. Such summits do not lead to practical measures, except for the suspension of Syria’s membership in 2011 due to Assad’s responsibility for the war in his country.

The Assistant Secretary-General of the League of Arab States for Information, Hossam Zaki, said that 17 Arab leaders will attend the Dhahran summit in Saudi Arabia, pointing out that the country representation will be at the level of Permanent Representative to the University, and will not attend the Emir of Qatar, Tamim bin Hamad Al Thani.

He pointed out that “does not change the agenda of the summit because of the strikes in Syria, because it is distributed to participants, but if the Arab leaders in their words to address the Syrian issue, they can.

The agenda of the Arab summit includes 18 items dealing with various Arab issues in the political, economic, social, security and other fields, foremost of which is Iran’s control of the three Arab islands of Greater Tunb, Lesser Tunb and Abu Musa, which belongs to the United Arab Emirates in the Arabian Gulf, And other Arab issues.

Observers believe that during the summit, Saudi Arabia will push for a firmer stance against Iran, which is also accused by the kingdom of supporting Shi’ite rebels in neighboring Yemen, which Tehran denies.

The agenda includes the Palestinian issue, the Arab-Israeli conflict, the Israeli violations in the occupied city of Jerusalem, follow-up of the political developments of the Palestinian issue, activating the peace initiative, supporting the Palestinian state budget and the steadfastness of the Palestinian people.

It also includes the reports submitted to the Arab Summit, including the report of the previous summit (Jordan) on the activities of the Follow-up Committee on the Implementation of Resolutions and Commitments, the report of the Secretary-General on joint Arab action and developments in the Syrian crisis and the situation in Libya and Yemen.

As well as the development of the League of Arab States, the holding of an Arab cultural summit, the economic and social file in light of the draft resolutions of the Economic and Social Council at the ministerial level, and the date and venue of the next Arab Summit in 2019.

The agenda of the Summit also includes the request of the Kingdom of Morocco Support the Arab Summit for its request to host the 2026 FIFA World Cup, support internally displaced persons in Arab countries, and displaced Iraqis in particular.