Zain Islamic Iraq calls for expansion of banking services

21/06/2018

“The banking sector is required to provide a variety of banking services, and does not depend on a specific aspect,” he said. “The expansion of banking products is the basis for the development of the Iraqi financial sector.”

Al-Alusi said that the Islamic banks came in new products that harmonize with the wishes of a wide range of beneficiaries and companies, especially that the products for which they were established have characteristics that satisfy the wishes of a wide range of citizens such as Alastisna and Murabaha. These products should return to life, Industrial and agricultural production and other economic joints, indicating that most of the Islamic banks, including Zain Iraq, is walking in this direction.

The Governor of the Central Bank of Iraq d. Ali Alalak said: The central support for the efforts of Iraqi banks, in order to activate its role and provide the best products through the adoption of advanced technologies, especially some Islamic banks.

In turn, the legal adviser to the bank Eman Alousi stressed that the expansion of electronic banking leads to the development of the financial sector and reduce all forms of corruption that accompany financial transactions and can benefit from successful global experiences in this important chapter.

And urged the need to abide by the legal procedures that accompany banking operations, especially in the loan granting and the law is more stringent in securing the rights of banks to be able to create a continuous cycle of loan allocations and include the largest number of beneficiaries

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Wall Street: Manual counting will not change the election results very much .. The decision to eliminate a dangerous precedent!

Policy  2018/06/21 21:27  695  Editor: en

Baghdad Today

The Wall Street Journal, in a report published Thursday, highlighted the decision of the Iraqi judiciary on the second amendment to the law of the elections of the House of Representatives, which included the counting and counting of votes by hand, pointing out that this will open the door to the parliaments in The next election to control the results.

“A judicial ruling in Iraq allowed for an unprecedented recount of millions of votes in the wake of national elections that rejected the political establishment, but at the same time there were many allegations of fraud,” the paper said.

She explained that “the Supreme Court of Iraq, ruled that among the rights of Parliament passed a legal amendment last month, which provides a recount of all votes, amounting to nearly 12 million, which was delivered on 12 May last, elections resulted in a shocking victory for supporters of the Shiite cleric Muqtada al-Sadr. ”

“The change in votes is not expected to lead to a major change in the election results, but it will raise further uncertainty about when Sadr and his allies can form a new government and start addressing the country’s long-standing problems,” she said.

“Sadr, who does not aspire to be prime minister, promised to tackle the rampant corruption in the government, and he must start recognizing the postwar reconstruction effort with an advocacy organization, which will cost tens of billions of dollars,” the newspaper said.

“Under ideal conditions, the recounting process may take less than 10 days,” Iraqi Election Commission member Saeed Kakai said, while other Iraqi politicians said, “The effort may take longer and lead to new challenges and more. Delay”.

“Sadr has already started negotiations to form a new government, at a time when the prime minister can not be chosen and the government formed until the results are ratified. His allies opposed recounting efforts as an attempt by the losers to steal their victory.”

“But the current prime minister, Haidar Abadi, whose performance was weak, supported fraud complaints, saying they should be taken seriously,” the newspaper said.

“These allegations of fraud are centered around electronic counting machines that were used for the first time in these elections, most of which were directed against Sunni and Kurdish minority political parties in Iraq,” she said.

“A committee of appointed judges will oversee the recount, instead of the Iraqi Electoral Commission, which has lost its credibility on a large scale because of its handling of the elections,” the paper said.

“The Federal Supreme Court has set a dangerous precedent in supporting the recount, as this is a political issue and must be dealt with politically,” the newspaper quoted Iraqi political analyst Ali Fadlallah as saying. “The federal court decision today opens the door wide To parliaments in the next election to control the results. ”

“The recount was necessary to restore legitimacy to the electoral process, which was severely damaged by the conflict. The commissioner defended this process as largely free and fair,” said political analyst Bassem al-Awadhi.

A few days after Parliament passed the law earlier this month, a fire broke out in a warehouse in Baghdad where ballot boxes and voting equipment were stored, while authorities said it was deliberate, at a time when suspects were not mentioned, but some lawmakers said it was an attempt to destroy evidence On fraud and thwarting the recount. ”

The Federal Court, on Thursday (June 21, 2018), approved the constitutionality of all the articles of the third amendment law of the electoral law, which was legislated by the House of Representatives on the 6th of the same month, while the third article on the abolition of the votes of voters abroad and displaced and the movement of population in four provinces, In the Kurdistan region.

The coalition of state law, led by Nuri al-Maliki, promised later in the day, the adoption of the Federal Court constitutionality of the third amendment to the law of the elections of the House of Representatives, a victory for the will of the Iraqi people to the Electoral Commission, the Presidency and the Kurdistan Democratic Party, who challenged the amendment.

The leader of the Sadrist movement, Muqtada al-Sadr, has called later, the judiciary to the commitment to neutrality in the issue of counting and sorting by hand, while demanding the government to abide by the law and not expand its powers in the event of delay counting and sorting until July 1 next.

http://baghdadtoday.news/ar/

Iraq’s broad banking participation at the 2018 Arab International Banking Summit in Paris

2018 Arab International Banking Summit in Paris
 Reports

Economy News Baghdad

The Iraqi government and private banking sector will participate in a high-level delegation at the 2018 Arab International Banking Summit to be held in the French capital Paris for the period from 28 to 29 June.

Among the participants at the summit were the Governor of the Central Bank of Iraq, Ali Al-Aalak, the President of the Association of Iraqi Private Banks Wadih Al-Hanalal, as well as a number of government officials and bankers from the public and private sectors.

The broad participation of Iraq in the summit mentioned the keenness to strengthen cooperation between Iraqi banks with foreign correspondent banks, and open channels of direct communication with them in order to allow the Iraqi banking sector to move towards global prospects.

The International Arab Banking Summit, held under the patronage of French President Emmanuel Makron, is attended by ministers and governors of central banks in Arab and foreign countries, as well as banking leaders and decision-makers representing the public and private sectors from around the world.

The summit, in accordance with the Union of Arab Banks, addresses a number of issues of interest to Arab and international banking and economy, particularly the evaluation of Arab-Mediterranean banking relations and the formulation of joint public-private initiatives to strengthen these relations.

The Summit also examines the potential for investment in human capital by educating future generations on the need to build mutual economic relations, as well as the impact of global industrial and economic activities on the world’s climate change problem, which is putting increasing pressure on the health of all mankind.

The Summit is expected to focus on security as one of the most influential factors in the progress of cross-border cooperation, as well as ways to address wars, extremism, terrorism and solutions to the refugee and humanitarian crisis.

The agenda of the summit includes discussion sessions for participants focusing on Mediterranean banking relations, regional security, education and the environment, as well as areas of fruitful cooperation to enhance the financing of medium and large companies, including companies operating in the gas, oil and water sectors.

The summit will also discuss the strategies of Arab-European cooperation to enhance banking relations, bilateral trade and investment relations, develop a global regulatory framework for correspondent banking relations, and finance medium and large enterprises through public and private sector financing mechanisms.

The annual summit meetings discuss working papers prepared by senior government officials, bankers and experts from the financial and economic sectors in the Arab region and around the world, as well as in-depth discussions conducted by senior bankers and businessmen.

On the sidelines of the summit will be an exhibition of products of sponsoring

institutions and companies.

http://economy-news.net/content.php?id=12703

Sadr calls for restraint and law-abiding by counting and counting

 

Journal News

Sadr’s leader, Moqtada al-Sadr, on Thursday called for the judiciary to abide by impartiality in counting and sorting, calling for “everyone to exercise restraint and comply with the law, although he is not convinced.”

Sadr issued today a statement that included nine recommendations that also included “in the case of delayed counting and manual sorting until the first of the month of the seventh of this year, the government must abide by the law and not expand its powers and not take advantage of the constitutional vacuum, which is a risk leads to what is not praised.

He continued: “We recommend the political blocs to move forward towards the realization of serious dialogues in order to achieve the appropriate alliances that take into account the real reform,” noting that the electoral process occurred between AFCAC corrupt and we hope that the manual count is not an introduction to return them.

 

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Abadi: Political conflicts contributed to the destabilization of citizens’ confidence in the government

BAGHDAD –
Prime Minister Haider al-Abadi said on Thursday that the political changes contributed to turning the lack of services into crises and distrust between the citizen and the government, calling for keeping away from the cheap media and transferring facts without exaggeration.
The Prime Minister’s Office said in a statement that “Prime Minister Haider al-Abbadi presided over a meeting with media formations in ministries and entities not affiliated with the Ministry to form a government media cell under a decision issued by the Council of Ministers,” noting that “Abadi stressed the need to transfer information transparently and accurately and stay away from cheap media , And the transfer of facts without exaggeration, and stressed the importance of the transfer of information that directly affect the lives of citizens, especially those related to services.
He added that “political conflicts have contributed significantly to influence public opinion and politicize the lack of services and turn them into crises that undermine citizens’ confidence in the government, through the manufacture of false news,” pointing out that “there are media feeds the citizen with news and information is wrong, False because of the absence of the role of government media. ”
The office quoted Abadi as saying that “the government is obliged to respond to the requests of true citizens, not the fabricated requests transmitted by some parties through media outlets,” calling on media formations to “work professionally in dealing with information and management and follow-up news without ignoring the factors of speed and accuracy in the transfer of facts And deliver them to the public. ”
Abadi called for “a focus on training government spokespersons in sound vocational training and forming a network of important issues, mainly electricity, water resources and various services.”

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Set the time for the extraordinary parliament session tomorrow

 

Date of release: 2018/6/21 20:04 • 201 times read
(Baghdad: Al-Furat News) The Presidency of the Council of Representatives set the date of the special session scheduled for Friday.
The parliamentary circle of deputies in a brief statement received by the agency {Euphrates News} copy of it, “will be held tomorrow’s special session at 4 pm.”
A parliamentary source told the {Euphrates News} earlier today that “the House of Representatives will be held under the chairmanship of the President of the Council, Salim al-Jubouri, on Friday, an extraordinary session to discuss the possibility of extending the work of Parliament.
 http://alforatnews.com/modules/news/article.php?storyid=167548

of a new international military center in Iraq , particularly the task of

 

A new international military center in Iraq with a special mission
 Twilight News    
 49 minutes ago

British Prime Minister Teresa Mae said her country would continue to play a leading role in the North Atlantic Treaty Organization (NATO), even after its departure from the European Union, while NATO Secretary General Jens Stoltenberg confirmed the continued presence of the alliance in Iraq.
“Britain has played and will play a leading role in NATO, which is important for Britain and for the whole alliance. We will continue our leading role in NATO, even after we leave the European Union,” May said at a joint news conference with NATO Secretary General in London.
Stoltenberg stressed the continued presence of NATO forces in Iraq, saying: “NATO leaders agree to increase the readiness of troops and the establishment of a new training center for troops in Iraq,” adding: “We will work to extend our work in Iraq and strengthen the fight against terrorism in cyberspace.”
Three years later, with the support of the US-led coalition, Iraq announced last December that its entire territory would be reclaimed from Dahesh’s grip, which controlled a third of the country’s territory.
The organization still maintains sleeper cells scattered throughout the country and gradually began to revert to its old style of pre-2014 guerrilla attacks.