The adventure of German banks in Iran is threatened by sanctions


FRANKFURT (Germany) – Several German banks have been dealing with Iran over the past years, capitalizing on a breakthrough on Tehran’s nuclear program, but the adventure may falter amid US threats to resurrect sanctions.

Washington has given foreign companies until early November to stop its dealings with Iran, saluting unprecedented sanctions. The shift in the US position toward Iran’s nuclear program is particularly reflected in Germany, which has invested heavily since 2015 to restore economic relations with the Islamic Republic.

The two biggest banks, Deutsche Bank and Commerzbank, were cautious and remained out of the game after Washington imposed tough sanctions in 2015 on charges of violating the ban on Iran.

In contrast, some small German banks saw opportunities in Iran to develop their businesses, including the International Efficiency Center, which was founded in 2008 and includes six cooperative funds in Tüttingen, Baden-Wuerttemberg, to help clients in sensitive markets such as Iran and Sudan.

Germany has recorded an increase in its trade with Iran since the signing of the agreement on the nuclear file in 2015, bringing the value of exports of goods to this country 2.57 billion euros in 2016 (up 22 percent from the previous year) and 2.97 billion euros last year (up 5.15 percent from 2016) .

“Despite US threats, we will continue to serve our customers,” Patricia Malfi, international business director at the center, told AFP. “We have to wait to see what future sanctions will be before any decision is taken,” she said. The institute does not intend to capitulate after the request, according to the official, “has increased significantly in recent years, from companies listed in the DAX index (for the top 30 German companies) and from all over Germany, as well as from Switzerland.”

However, dealing with Iran is more cautious. The financing operations are conducted only in euros. The center does not deal with companies that have American or permanent residence in the United States, and the proportion of US-made items in products exported to Iran should not exceed 10 percent.

“The circumstances forced our management to be brave,” Melfi stressed. Deutsche Bank, which serves as a central bank for more than 1,000 local cooperative funds in Frankfurt, has opted to withdraw entirely from Iran. “Our administration has decided to stop all payment services with Iran,” a spokesman said.

The International Competency Center intends to rely on another financial partner, the German branch of the Iranian national bank Melli, based in Hamburg, but it may not be able to do so if Iran’s largest commercial bank is listed on the US list of banned companies, the past.

The activities with Iran for about 390 German savings funds require the release of documents dealing with export contracts. A source close to the file said, “We will consider the issue with more attention.”

Another crossing to deal with Iran is through the European European Commercial Bank, a German bank in Hamburg that has been specializing since 1971 in dealing with the Islamic Republic. The bank confirmed on its website that it remains “in full disposition” to serve its customers.

The German Bundesbank, which is authorized to intervene in the event that the European Union imposed financial sanctions, believes that the situation has not seen any change. “Only the EU sanctions regime (on Iran) will be decisive,” he said, adding that “nothing has changed until further notice.”

If a ceiling for remittances to Iran is re-imposed before January 2016, then the Bundesbank must agree to any payments involving an Iranian partner. The lobby of German banks, Credit Verchavt, calls on Berlin and its European partners to be clear so that banks and companies are “effectively protected from any possible US sanctions.”

“Many companies want to stop any dealings with Iran because they can not assess the risks of staying there,” Melfi said.,15700021,15700124,15700149,15700168,15700173,15700186,15700191,15700201,15700205&usg=ALkJrhiBpbXx2p8_aeO6rlBsIyv35o5E7Q


Iran feels a social explosion as US sanctions intensify

TEHRAN (Reuters) – Iranian security forces will face unrest that could be exploited by the United States and other enemies after a wave of protests in Iran over economic issues, Iranian judiciary spokesman Gholamhossein Mohseni Ijaei said on Sunday. The danger of famine.

“The judicial and security bodies will resolutely confront anyone who wants to undermine the security of the country,” Gholam’s website Mezan Online said. “Telling tensions is part of the American psychological war against Iran.”

“The people want to overthrow the regime,” they said, calling for a change in the country’s ruling tyrannical regime in a move seen by observers as a prelude to a wave of violent social protests that the regime could not put down as it did last December.

He was inspired by US Secretary of State Mike Pompeo’s speech, in which he outlined the US strategy to stop Iranian expansion in the region and to curb any attempt to revive Iran’s nuclear program.

“The people of four provinces in the country face the threat of starvation,” said Mohamed Naeem Amini Ferd, the head of the Sistan-Baluchistan province, southwest of the country, in a speech to the parliament on Sunday.

“Residents of the provinces of Sistan, Baluchistan, Hormuzgan, Bushehr south, and southern Khorasan face the risk of famine because of poverty,” the MP said.

Authorities in Tehran are fully aware of the approaching explosion of a wave of popular protests, the largest in the country, after the intensification of US sanctions

He added that “75 percent of the population of Sistan and Baluchistan, facing the risk of famine,” noting that the province “ranked lowest in the country in terms of distribution of national income,” noting that “the absence of capital and drought, which continued for 18 years, cut back the food security of the province “He said.

Analysts believe that the authorities in Tehran are fully aware of the approaching explosion of a wave of popular protests, the largest in the country, after the intensification of the sanctions, which led to the mobilization of the security services and the military.

Iran’s pre-emptive warnings to its citizens come as speculation mounts that the United States is ready to push for regime change in Tehran, as US officials urge Iranians to “choose for themselves” the government they want.

“The Iranian people should choose the kind of leadership they want themselves,” Pompeo said on Monday, a day after he set tough measures to tackle Tehran, including what he called “the strongest sanctions in history” against the Islamic Republic.

Pompio’s speech did not explicitly call for regime change in Tehran, but he repeatedly urged the Iranian people not to tolerate their leaders, notably by Rowhani and his foreign minister, Mohammad Jawad Zarif. “Ultimately, the Iranian people will have to choose who leads it,” he said.

Analysts say the harshness of future US sanctions, which vow to isolate Iran from the international economic and financial lifeline, will lead to the outbreak of internal tumors that have emerged in demonstrations in dozens of major cities in Iran in December and January.

Experts consider Bombay’s sharp and offensive tone to be the introduction of a strategy aimed at launching the process of dismantling the regime that was born after the 1979 Islamic revolution that ended US-Iranian relations.

US State Department spokesman Heather Noyert said US policy was “not regime change,” but said Washington was “welcoming” a new era in Tehran.

“If the Iranian people have to choose in the future to show their point of view, it is certainly welcome to do so,” she said. “The Iranian people have long lived under a regime that abused them.”

US President Donald Trump raised the prospect of change when he announced earlier this month his withdrawal from the nuclear deal between the major powers and Iran, and said the Iranians “deserve a nation that will bring justice to their dreams.”

“We have a president who is committed to changing the regime no less than our commitment,” Rudy Giuliani’s private lawyer Rudy Giuliani told Iranian exiles in exile.

This possibility is supported by neoconservative circles, but it remains questionable since the 2003 US intervention in Iraq that toppled Saddam Hussein, a move some see as “floundering,” including Trump.

The popular protests, which witnessed dozens of Iranian provinces in December and January last, cracked the pillars of the regime in Tehran, prompting the reformist president to evoke the scenario of the fall of Shah Mohammad Reza Pahlavi, after all the indicators to reproduce the scenario again.

Dozens of Iranian provinces saw unrest during the New Year, with authorities killing 25 demonstrators and arresting hundreds, after demonstrators held pictures of the last Iranian shah, warning the regime of its fate.

The Iranian opposition at home refuted the regime’s claims in Tehran about the existence of Western agendas to destabilize the country, prompting the Iranians to demonstrate and demand the overthrow of the government, putting the leader Ali Khamenei in charge of the poverty of the Iranians because of the corruption of his Revolutionary Guards.

The Arabs

National Kurdistan requires the survival of the post of President of the Republic for dialogue with the political parties


Date of release: 2018/5/27 20:57 • 155 times read
The Patriotic Union of Kurdistan, on Sunday, to make every effort to keep the post of President of the Republic of the share of the Union.

A statement of his office, the agency received all of Iraq [where] a copy of it, “the office held on Sunday afternoon, a meeting to discuss the formation of the federal government, and is scheduled to meet the leadership council next Tuesday.”
“The National Union will meet with the political parties on the formation of the new federal government, and the unity of the political parties in Baghdad,” said Saadi Ahmed Perah, spokesman for the Patriotic Union of Kurdistan Patriotic Union of Kurdistan.
“The Patriotic Union of Kurdistan will make all efforts to maintain the post of President of the Republic of the share of the Kurds, specifically the share of the Union, and within this framework remain the doors of dialogue open to all political parties “He said.

Parliamentary: These conditions of the Kurds to join the largest bloc


Release Date: 2018/5/27 21:58 • 459 times read
(Baghdad: al-Furat News) MP Harith al-Harithi on the conditions of the Kurds to join the largest bloc, which will cost the formation of the next government.
“The Kurds came yesterday and put Kirkuk as a referendum and independence in order to divide the country, and today they came with more severe demands than the previous ones, including the activation of Article 140 and increase,” Al-Harthy told Al-Furat News. “Today there is a race to get the highest gains. Share the Kurdistan region in the financial budget, which may reach more than {17%}.
He predicted that “the conditions of the Kurds are not applicable from most blocs.”
Al-Harithi called for “the election commission to prove the validity of the electoral results,” stressing that “the presence of votes will resort to the courts to challenge these results and validity.”
He continued, “The election law has not been implemented,” noting that “the law if implemented correctly in the absence of these violations in the election process and we have evidence and facts on it.”

The coalition of victory: Abadi has a great admissibility of the political blocs, most notably the others


Alsumaria News Details Back
Coalition victory: ...

May 27, 2018 – 17:50

Alsumaria News / Baghdad

The spokesman for the coalition of victory Hussein al-Adli , Sunday, that the political blocs that were met during the dialogues in order to accelerate the formation of the government did not reject the renewal of the mandate of Prime Minister Haider Abadi , saying that the latter has great admissibility of these blocs,
“The political blocs that have been met during the dialogues in order to speed up the formation of the government did not refuse to renew the mandate of Prime Minister Haider Abadi,” he said, noting that “Abadi has great admissibility of these blocs, notably the alliance led by Moqtada al-Sadr , Which is the closest time to mandate the formation of the next government. “
He added that “the understandings are multiple and all the trends between the blocks to avoid them to cross the times stipulated by the Constitution and include the need to convene the parliament on the first of July in order to elect a President of the Republic to ensure the latter to mandate the candidate of the parliamentary bloc the most numerous to form a government.”

He met with Prime Minister Haider Abadi during the past few days a number of politicians and leaders of currents and coalitions in order to form the next government, and was among those who met with Abadi, the leader of the Sadrist movement Moqtada al-Sadr.

the House of Representatives held an extraordinary session “again” on Monday

Twilight News

one hour ago

Shafaq News / source informed, on Sunday, the determination of the Iraqi Council of Representatives to hold an extraordinary session on Monday.

The source said that “a number of members of parliament submitted a request to Jerome to focus on the transparency and integrity of the electoral work, so the presidency of the Council invited the deputies to attend on Monday at 4 pm for an extraordinary session.”

The outgoing Iraqi Council of Representatives failed yesterday to hold an extraordinary session to discuss the issue of the recent legislative elections and take an official position.

The chairman of the council, Salim al-Jubouri, said in a statement that the number of attendees reached 149 deputies and came the request for an extraordinary session of the sense of responsibility by the members of the Council to correct the course.

However, saying that “the lack of quorum will not prevent the Council to take legal means to evaluate the electoral process and we hope to continue efforts.”

The outgoing Iraqi parliament failed to hold an emergency session Thursday afternoon to discuss accusations of fraud in the May 12 parliamentary elections in a bid to vote on the cancellation of the results.

The meeting was a continuation of last Saturday’s session, which the parliament failed to hold due to the presence of only 105 members, while the meeting requires the attendance of the simple majority (half plus one), or 165 deputies out of 328.

Parliament Speaker Salim al-Jubouri was forced to turn the session into a consultation, and later issued a statement calling on the IHEC to investigate electoral complaints.

The attempts to hold the meeting after the submission of 85 deputies more than 10 days ago request to hold the meeting to discuss what they said was fraud accompanied the polling, in preparation for a vote to cancel the election results.

The alliance of “Saron”, supported by the leader of the Sadrist movement Moqtada al-Sadr, ranked first with 54 seats out of 329, followed by the alliance, “Al-Fath”, composed of political arms of the factions of “popular mobilization” led by Hadi al-Ameri with 47 seats, “Led by Prime Minister Haider Abadi, with 42 seats.

The announcement came amid widespread debate in the country over alleged “fraud” operations.


Deputies and jurists: No party can cancel the election results

27/5/2018 17:41:00

Deputies and jurists: No party can cancel the election results

A law expert can not issue a decision to cancel the election results, a lawmaker said on Sunday, while a deputy said the House of Representatives had no power to cancel the election results or call for re-election.

“The law that created the elections can not cancel it, ” legal expert Tariq Harb told PUKmedia on Sunday, adding that a decision could not be made to cancel the election results.

“There is no acceptance by most Iraqi political parties to cancel the results of the elections, because there is great damage in the political process,” he said, pointing out that it is possible to issue a law to review the results of the elections, but the current parliament can not ratify the law, In 3 attempts to hold an extraordinary session to discuss the results of the legislative elections, wondering at the same time, how can the House of Representatives to change the election results if he could not hold an extraordinary meeting?

He noted that if the current parliament passed the law, it will be challenged by the Federal Court because there are candidates and many winners and deputies of the current session won the elections and will not allow the cancellation of the results of their elections.

The war of the general trend is not with the cancellation of the election results, but with the accountability and punishment of anyone who committed fraud or rigging the results of the elections, calling to take the penalty to be sentenced to either prison sentences or financial penalties, not cancel the results of the total elections.

The legal expert Tariq Harb that the Federal Court can not cancel the results of the elections, pointing out that there is a committee formed by the Federal Council to consider the results of the elections, noting that it gathered all the owners related to the elections to submit a report recommendations to the Prime Minister, More technical than legal.

In the same context, the head of the parliamentary legal committee Mohsen al-Saadoun, on Sunday, that the cancellation of the election results will be a major damage can not be tolerated political process in Iraq, stressing his standing and all other political parties with the transparency and integrity of the elections.

The head of the legal committee in the Iraqi parliament, Mohsen al-Sadoun, said in a statement to PUKmedia on Sunday that any attempt to cancel the results of the legislative elections will be a problem and confusion of the security situation, pointing out that the House of Representatives on an official holiday this month, Not for the enactment of laws according to the concept of the rules of procedure of the Iraqi Council of Representatives.

He added that it is not the power of the House of Representatives not constitutionally and the rules of procedure to change or cancel the results of the elections, explaining that the House of Representatives is a legislative authority, Law No. 45 of 2013 for the elections of the House of Representatives has been amended and the amendments to be voting electronically voted by the Council Iraqi MPs at the time.

He explained that the organizer and supervisor of the legislative elections is the Independent High Electoral Commission, indicating that the vote on that committee by members of the current House of Representatives and is the only body responsible for the application of the election law and supervision.

He pointed out that the House of Representatives if he wants to change the process of voting from electronic to counting and manual sorting and reconsider the election results must be amended and vote again on the Iraqi election law, pointing out that a difficult and complex and lengthy process that would enter the political process in a constitutional vacuum large .

He explained that there is a judicial committee formed by the Iraqi Court of Cassation to consider appeals filed in the results of the elections and that the committee has the powers to cancel some stations that it suspects but at the same time can not cancel all the results of the elections, adding that the Committee considers part of the appeals and that its work is limited to In the appeals before it.

“The law of the Federal Court in Article 93 stipulates that it is within the jurisdiction of the court to ratify the names of members of the new House of Representatives, noting that it is not the prerogative of the Federal Court to look into appeals and questioning the fraud operations.

MP Ashwaq al-Jaf said that the House of Representatives does not have the authority to cancel the election results, but can only hold the Commission accountable or withdraw confidence.

MP Ashwaq Al-Jaf said in a statement to PUKmedia on Sunday that the House of Representatives does not have the power to cancel the election results or call for re-election.

She added: The House of Representatives can question the Electoral Commission for elections on any breach or imbalance in the electoral process and can withdraw confidence from the Board of Commissioners only, and not cancel the results of the elections.

“Any person or party that has an appeal or a note about the elections must submit a complaint to the judicial body concerned with the elections and there will be a legal response to the complaint.

The Supreme Judicial Council told the Independent High Electoral Commission (IHEC) on Sunday to accept the complaints submitted by those who objected to the election results so that the victims could appeal to the judiciary.

She said: The discriminatory judiciary for the elections can not cancel the results of the elections, and even the Federal Court can not cancel the election results, only can not ratify the final results.

Judge Jaafar al-Moussawi, a spokesman for Sadr’s leader Moqtada al-Sadr, said the House of Representatives did not have the power to cancel the election results.

Moussaoui said in a statement PUKmedia : “It is not the powers of the House of Representatives to cancel or amend the election results, even if through the enactment of a law,” but added: “because we will be here for tasks far from the concept of legislation and close to the establishment of chaos.”

Al-Moussawi said that “the law of the Electoral Commission to draw the party to appeal and complaints and mechanism to be followed when the results appear,” noting that “included the allocation of a judicial body of the Iraqi Court of Cassation to consider appeals in accordance with the law.”

It is noteworthy that the Iraqi Council of Representatives failed to 3 times in an extraordinary session dedicated to discuss the results of the elections of the House of Representatives, which took place on the 12 of this month.