Commercial Bank of Iraq receives a loan of 100 million euros from Germany

Baghdad / .. revealed the location of gtreview ” “, Tuesday, an agreement between the Commercial Bank of Iraq TBI with the German Export Credit Agency and the acquisition of the Iraqi trade loan of 100 million euros.

“This comes as a result of the approval of Euler Hermes for the adoption of the Commercial Bank of Iraq as a borrower to finance medium and long-term export credits with repayment terms of up to five years.”

“The deal is part of its long-term strategy to secure project financing in Iraq, aimed at boosting economic growth and employment.

He noted that through this loan framework, the Commercial Bank will finance export contracts for products and materials and machinery to Iraq granted to its customers in Germany and European countries only other

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Mr. Ammar al-Hakim and al-Abadi discuss the formation of the government and its support in reconstruction and security

Editorial date: 2018/10/9 23:59

(Baghdad: Al-Furat News) Prime Minister Haider al-Abadi discussed Tuesday with the head of the National Wisdom Movement, Mr. Ammar al-Hakim, the political situation and discussions on forming a government.

A statement to the Prime Minister’s Office received the agency {Euphrates News} copy of it, the two sides stressed “the importance of uniting efforts to maintain the achievements made during the past period and help the next government to complete the process of construction and reconstruction and security stability.”

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Deputy for Wisdom: Abdul Mahdi Sismi 3 Deputy Prime Minister

Editorial Date: 2018/10/9 23:13

(Baghdad: al-Furat News) MP from the bloc of wisdom, Hassan Khalati, that the Prime Minister-designate Adel Abdul-Mahdi, plans to nominate three deputies to him as deputy prime minister.

“Abd al-Mahdi has a new plan and approach in the administration of the cabinet, different from the previous administrations. He will make him three deputy prime ministers and the same ministers, not create new positions, and each deputy will be assigned a specific file such as energy, services and security, .

He added that “the government can not succeed without political stability and today there is a consensus of the blocks on Abdul Mahdi and everyone knows that success and failure depends on the work of the government and no one can take responsibility for this failure and the interest of the blocks are limited in this government and failure means failure of the political process and thus the failure of the blocks.”

He pointed out that “Al-Turki candidacy is a window to communicate with the energies and the experienced people and it is not necessary to take them from Abdul Mahdi or to limit them.” He pointed out that “Abdul Mahdi has knowledge of the personalities who held previous positions and this electronic window can help him to study these options.”

“The nomination does not mean applying for a regular government job, but the electronic window is a new experiment. A minister may come or not, and it is an attempt to find a balance between the forces of pressure to keep the political blocs away from the nomination, but ultimately there must be convinced candidates by Political blocs represented in the House of Representatives. ”

“The minister has to have technical and administrative qualifications together, which is what we call political technocrats,” he said.

“The distribution of points on the ministries and government sites will not be in this next government and we consider it a political maturity in an exceptional situation. Iraq today is completely different from previous years and needs to listen to the opinion of the street.”

“We have problems and the duty of the government to solve, especially as the situation of Iraq, which came out of a predicament and the collapse of oil prices and today there is a security improvement as well as in oil prices and we need a strong government able to achieve a major economic leap and the next prime minister can make Basra a point of success of his government “.is over

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Abadi reveals his decision to participate as a minister in the next government

Release Date: 2018/10/9 20:20 •

(Baghdad: Al-Furat News) revealed the outgoing Prime Minister, Haider al-Abadi, his decision to participate in the cabinet next.

“I did not discuss taking any other position in the next government and I will decide this in light of the formation of the government,” Abadi said at his weekly press conference after the cabinet meeting on Tuesday.

“I will discuss participation with other parties and what is the best,” he said. “There is no standing on the hill and the political work does not end with a position that we consider a tool to serve the citizens.”

Abadi said that his participation in the new government “is still open and I have another option I do not want to disclose now, and I need a pause for the service of the country and the people,” noting that “some believe that the provision of service is a government site is wrong.”

The head of the coalition of victory, “his objection to the nomination of the largest bloc for the post of prime minister, but he strongly supported the nomination of Adel Abdul Mahdi, and he congratulated him on his first prime minister by text message by telephone,” stressing that “the issue is not personal, but the issue of a country.”

Abadi called for “supporting Abdul Mahdi,” expressing “his hope for success in forming the government and this is part of my duty as prime minister.”

He stressed that “we seek to maintain alliances with others,” stressing that “the political process needs to care and permanent control to the detriment of the interests of the people and not turn into a partisan conflict for complex calculations.”

“The Council of Ministers intends to send the budget bill 2019 to parliament next week to be approved,” Abadi said, pointing out that “the supplementary budget offer from the Ministry of Finance for 2018, but the House of Representatives is still in the formation and its committees and perhaps time constraints are not allowed to be submitted to parliament” .

“We do not think it would be useful to provide a supplementary budget in the last quarter of the year, which is usually offered in the second half of the fiscal year,” he said.

Abadi assured the Iraqi people that “water storage is good but still limited and there is a concrete expectation of rainfall in the coming winter season and the achievement of water revenues from neighboring countries and strategic storage of all dams, both in Tharthar and modern and Hamrin and Mosul dam.”

“The demand for oil is more than supply, and there is a lot of pressure to increase production like America, which will contribute to price cuts,” he said. “There is a need to agree on a specific price to prevent any further shocks in the markets.”

On the situation in the province of Basra, he stressed that “there are achievements on the ground, including the provision of drinking water and reduce the rates of salinity and what is said to need billions of dollars is an estimate is incorrect and we study bids for water projects in the province and will be transmitted soon for implementation.”

http://alforatnews.com/modules/news/article.php?storytopic=36&storyid=177093

 

Abadi: We hope to send the budget of 2019 to parliament next week

Updated 09/10/2018 6:53 pm (Watan News) _ Baghdad Prime Minister Haider al-Abadi said Tuesday that it is hoped that the budget of 2019 will be raised to parliament next week. “We are seeking a reasonable price for a barrel of oil for the next budget, and we do not want to repeat the previous problems when the price of a barrel of oil fell,” Abbadi said at his weekly press conference. Finished and N 9

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Kurdistan Barzani confirms an order to resolve the differences Arbil and Baghdad

 

 Twilight News    

 one hour ago

The adviser of the Security Council of the Kurdistan Region pleased Barzani, on Tuesday, the need to commit the Iraqi government to be formed by the principle of real partnership between the Kurdistan Region and the federal government.

Barzani’s speech came during a meeting with UN Special Envoy to Iraq Jan Kubic in Erbil.

“The real partnership gives the political will of the governments of Baghdad and Erbil to resolve the contentious issues between the two sides,” Barzani said during the meeting.

The head of the Kurdistan Democratic Party, Massoud Barzani, stressed that the main priority and the task of the Kurdistan Region embodied in the program of the next Iraqi government, and the commitment of all parties to the three principles, which includes partnership in governance and compatibility in legislation and balance in institutions.

Barzani stressed that adherence to these three principles will address many of the problems.

Keywords: 

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New justification and “strange” in writing the name of the portfolios in currency

 

Editorial Date: 2018/10/9 10:32 

{International: Euphrates News} In a surprise move, the Central Bank of Iraq announced the printing of large quantities of small groups of the Iraqi currency and the beginning of distribution, and write the name of the governor {agency} on the links, after improving the type of material used, and make a simple change in the form of these Categories.

And raised the move of relations by placing his name on the currency in addition to signing a kind of controversy in the Iraqi street, and some called the House of Representatives to remove this addendum. 
However, the director of accounting at the Central Bank Ihsan al-Yasiri said in a press statement that the move was considered normal, considering that many central banks in the world put the name of the governor next to the signature, and only at other times sign, citing it as a “fingerprint of the Iraqi currency.” 
“These small groups are the ones that were printed in 2004 and include categories of 250, 500 and 1000 dinars, and today the need is much needed to pump more into the Iraqi market,” he said. 
“Iraq received two days ago the first shipment of the category of thousand dinars and distributed to banks and financial institutions in order to put them to market, and this month will receive shipments of 250 and 500 dinars.”
The Central Bank of Iraq changed the image of the Islamic dinar on the category of a thousand dinars and made it a picture of the Assyrian logo. 
The legal expert Jamal al-Asadi, the existence of a legal violation in the name of the governor of the Central Bank, the second edition of the Iraqi currency, and told the {Euphrates News} yesterday that the lack of reference to the status of the governor by proxy and write only a conservative in the currency is not original ” And according to the Iraqi constitution is supposed to vote on the original in the House of Representatives and Ali al-Alaq acting and legally speaking if raised and pretended to be impersonated. 
For his part, counting the historian Ghazi Ahmed al-Samarrai, step by “the previous did not occur on the date of the modern Iraqi currency since its issuance 87 years ago.” 
While attributed the general manager of the issuance and cabinets in the Central Bank Abdul Karim Hassan reasons to write the name of the governor on the new currency to know the citizen who is the governor.

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The House of Representatives nominates two rapporteurs and discusses the procedures of the Central Bank {extended}

 

Release date: 2018/10/9 16:46 

(Baghdad: Al Furat News) The House of Representatives in its fifth session of the first legislative term of its first legislative year in its fourth election, chaired by Hassan Karim al-Kaabi, First Deputy Speaker of the House of Representatives and the presence of 225 deputies, on Tuesday, the procedures of the Central Bank for printing the new currency, .

At the beginning of the session, Ghaleb Mohammed Ali Shukr was sworn in as a deputy in the House of Representatives. 
After that, Hassan Karim al-Kaabi, the first deputy chairman of the Council, to host the Minister of Higher Education in the Council yesterday to discuss the transit system and admission rates in universities, noting that the Council is waiting for what is caused by the RAI Ministry of Education answers to be presented at Thursday’s session on what was put Before the House of Representatives or circulated in public opinion for the purpose of taking necessary. 
The council voted on the interim parliamentary committee to amend the rules of procedure. The deputies included Jamal al-Muhammadawi, Abd al-Khaliq al-Azzawi, Hoshyar Abdullah, Taha al-Dodi, Jumaili, Khalid Jawad, Rashid Rashad, Abbas Shuail, Mansour Maraid, Aleya Nassif, Sarkut Latif, Muthanna Amin, Ribawar Taha, Thamer Deiban, Sabah Al Saadi, Talal Al Zobaie, Mohammed.
Al-Kaabi announced the convening of a joint meeting of the Legal Committee and the Interim Committee to amend the rules of procedure in the coming days. The Legal Committee is to hold a meeting in the Constitutional Hall tomorrow to elect a chairman and a deputy. 
The First Deputy Speaker of the Council of parliamentary blocs to nominate the names of members of the parliamentary committees starting tomorrow to discuss the status of the committees in terms of retention or integration or the addition of other committees. 
In another matter, the Presidency of the Council decided to nominate MP Khadija Ali and MP Burhanuddin Ishaq as rapporteurs of the House of Representatives. 
In another matter, the First Deputy Speaker of the House of Representatives explained that the Council will consider the legality of measures taken by the Central Bank or not, which provoked reactions in the political and popular circles. 
The Council discussed the procedures of the Central Bank for the printing of the new currency after the majority of deputies voted to add the issue to the agenda. 
In the interventions of MPs, MP Ahmad al-Jubouri pointed out that the introduction of the name of the governor is a controversial issue that is not justified, suggesting a decision not to trade the currency that the name of the governor and the cost of printing costs to the Central Bank. 
MP Sabah al-Saadi pointed out that putting the name of the governor of the Central Bank on the currency has caused a lot of trouble, especially that the regulations indicate reference to the status of the governor without writing his name explicitly. 
And invited MP Magda Tamimi to approach the Central Bank to provide the House of Representatives with a statistical on the amounts of damage in the currency to the proportion of the amount of currency in circulation. 
MP Falah Abdul-Karim called for hosting the governor of the Central Bank in order to clarify the purpose of printing the currency and explain this to the Council.
The deputy Hassan Salem that the writing of the name of the governor of the agency on the local currency is unacceptable, but an attempt to distract attention from the central bank measures on the auction of currency, which has become a focal point of corruption. 
The MP Abbas Srout stressed the importance of monitoring the performance of the Central Bank in other areas and accountability of the default in the printing of the new currency. 
The MP Faleh al-Khazali that the printing of the name of the Governor of the Central Bank Agency on the national currency a clear abuse of power granted to him, which necessitates dismissal. 
MP Mona al-Amiri said that the amount of the new printed currency amounted to about 90 billion dinars, asking about the person who bears the responsibility of the amount in case it decides to damage the currency. 
In turn, MP Raed Fahmi inquired about how to deal with the legal procedures of the subject and study it from several legal aspects. 
MP Bashar Hamid al-Kiki called for the addition of the Kurdish language to the Iraqi currency.
The deputy High Nasif that the law in force gave a license to hold the governor of the Central Bank by writing his name on the Iraqi currency. 
The MP Khalid Jawad Kazem that the orders of the Coalition Provisional Authority is still in force and need to be reviewed, calling for a decision to postpone the circulation of the new currency until the consideration of its legality. 
The deputy governor of the emirate said that the governor of the Central Bank does not have full powers to take such a measure as he takes office as an agency and not authenticity.
For his part, urged the First Vice-President of the Council to hold a special meeting to host the Governor of the Central Bank and officials of the management of the bank in the coming days for the purpose of discussing the central bank’s transactions and monetary policy being subject to the supervision of the House of Representatives, adding that the topics for the purpose of discussion aimed at finding solutions to the problems. 
The meeting was adjourned until Thursday

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International Monetary Fund “Iraq’s economy is expected to grow by 6.5% in 2019

Release date: 2018/10/9 16:38

The International Monetary Fund (IMF) expects Iraq’s economy to maintain its annual growth rate of 2.2% over the next 5 years ending in 2023.

The IMF’s latest report on prospects for global economic growth indicated that the real GDP growth rate of the Iraqi economy by the end of this year is expected to reach 1.5%.

Economic growth is expected to reach 6.5% in 2019. The IMF is likely to stabilize the country at 2.2% this year and next.

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The House of Representatives raises its meeting to next Thursday

 

04:25 – 09/10/2018

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Baghdad – Mawazine News
The House of Representatives, Tuesday, its regular session held today under the chairmanship of the First Vice-President, Hassan al-Kaabi, to Thursday.
A reporter / Mawazin News / in the House of Representatives, “The House of Representatives raised its normal session until next Thursday.”
The House of Representatives held today its regular session of the fourth parliamentary session for the first legislative year for the first legislative term under the chairmanship of the first deputy Hassan al-Kaabi and the presence of 225 deputies.

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