The Arab Monetary Fund (AMF) is considering strengthening the concepts of financial inclusion in Baghdad

Sunday, October 21,
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Alsumaria News / Baghdad
discuss the Arab Monetary Fund with the Central Bank, Sunday, promote financial inclusion concepts in Iraq , while stressing the bank ‘s governor on the Keywords that the Arab Monetary Fund , expressed his cooperation in the participation fee strategy by the Bank to develop the concepts of financial inclusion. 

“The meeting, held today, in Baghdad between the delegation of the Arab Monetary Fund under the chairmanship of its Saudi president Abdul Rahman al-Hamidi with the Central Bank of Iraq and the Association of Iraqi private banks and the Ministry of Finance and a number of government agencies to strengthen Concepts of financial inclusion and the presence of World Bank Representative in Iraq Yara Salem. “

“The delegation of the Arab Monetary Fund included the President of the Saudi Fund Abdulrahman Al-Humaidi, the World Bank, the Global Financial Inclusion Alliance and the German Development Agency.” 

“The Arab Monetary Fund has not visited Iraq since the 1980s, and we welcome this visit, which opens new horizons in cooperation with the Iraqi financial sector, especially that Iraq is one of the founders of the Arab Monetary Fund, Pointing out that “the Arab Monetary Fund has shown its cooperation in participating in drawing up the strategy of the Central Bank to develop concepts of financial inclusion within Iraq.” 

He stressed that “Iraq has the infrastructure for financial inclusion and will witness the next phase to stimulate the concepts of financial inclusion after it has gone a long way to meet the challenges and the implementation of its requirements,

For his part, the head of the delegation of the Arab Monetary Fund, Abdul Rahman Al-Humaidi, said that “the Arab Monetary Fund continues in its relations with Iraq and aim to develop them in line with the current reality,” stressing that “the Arab Monetary Fund and the Global Alliance for Financial Inclusion and the German Development Agency is in consultation Iraq to develop small and medium enterprises and empower young people and use the best banking techniques. ” 

“The World Bank has contributed to enhancing the concepts of financial inclusion in Iraq by providing support to the Iraqi government, supporting the budget and achieving governance, as well as providing technical and financial support to various Iraqi institutions,” said World Bank Representative in Iraq Yara Salem.

“Iraq has contributed to the development of balance of payments, which contributed to the improvement of financial services, which will lead in the next phase to create new services,” adding that “the Iraqi government has made clear progress in the settlement of salaries of state employees.” 

She called on Salem to “welcome the government’s directions in achieving economic reform,” stressing that “the Financial Integration Initiative team succeeded in achieving financial inclusion.” 

In turn, the director of a department in the Central Bank of Iraq, Mahmoud Dagher, “The banks spent 70 billion dinars on the financing of small and medium projects within the initiative of a trillion dinars launched by the Central Bank,” noting that “the problem facing the growth of the banking sector is the dominance of government banks.”


Barzani’s party backs down from the boycott of the next government and declares its support

Policy 2018/10/21 21:08 1302 Editor: en

Baghdad today – Baghdad

The Kurdistan Democratic Party (KDP) announced on Sunday its support for the government of Prime Minister-designate Adel Abdul-Mahdi after intensive dialogues by the head of the Kurdistan Regional Government, Najirvan Barzani, with the political parties in Baghdad.

“The Democratic Party welcomed the appointment of Adel Abdul Mahdi, the formation of the next government, being a moderate figures and have good relations with the Kurdish forces,” said the party’s deputy, Fian Sabri, in an exclusive interview with (Baghdad today), stressing that “the party will participate in the process Political future “.

Sabri added that “the dialogues conducted by the President of the Government of the Territory, Nechirvan Barzani, in Baghdad, led to the decline of the Democratic Party’s position on not participating in the next government.” She explained that “the Democrat has an electoral entitlement, and will have ministries of sovereignty and service capable of managing.

The Kurdistan Democratic Party, has held several visits to Baghdad, recently, during which he met with leaders of the political blocs, and leaders of the parties, and discussed with them issues of participation in the political process, and steps to form a new government, and the benefits of the Kurds in the next phase.

Barzani’s party, its participation in the new government, which was appointed by Adel Abdul Mahdi, pledged to the principles of consensus, balance, participation and respect for the Constitution, principles often called by the leader of the Democratic Party Massoud Barzani.

In addition, the Kurdistan Democratic Party (KDP) has demanded the post of Deputy Prime Minister for Economic Affairs, the Ministry of Oil or Finance, as well as another ministry of services, to participate in the new government, according to sources from within the party.

Halabousi is preparing for an Arab and European tour

Editorial Date: 2018/10/21 8:11 • 282 times Read

“Speaker of Parliament Mohammed Rikan Halbusi, will conduct important regional visits after the end of the formation of the government and a number of parliamentary benefits.”

Salman said in a press statement that “important visits will be made by the Speaker of the Parliament on the basis of invitations from some Arab and European countries and meeting with officials on the schedule of visits of the Speaker of the House of Representatives,” stressing the importance of communication with all countries because of its importance to the stability of Iraq Security and economic. ”

The spokesman added that “there are important parliamentary benefits will be completed during the next stage to complete the Speaker of the House of Representatives visits to these countries,” noting that “the most prominent of these benefits the formation of the government and the adoption of the rules of procedure and start restructuring the legislative institution, which requires the presence of the Speaker of the House of Representatives.”

Iraqi president calls for the participation of Kurdish state institutions active Fillet

The Iraqi president calls for the participation of an active Kurdish woman in the state institutions
 one hour ago

The President of the Republic Barham Saleh met at the Peace Palace in Baghdad Sunday noon a delegation of the Faily Kurds. 
Saleh stressed that the Faily Kurds represent an authentic Iraqi component, stressing the importance of their prominent role in the history of Iraq throughout the ages. 
He pointed out that “the children of this component were subjected to oppression by the former dictatorial regime, indicating the need to compensate the families of martyrs and absentees for the damage caused by the policies of the former regime towards them.” 
Saleh explained that “the Faily Kurds must have an active participation in the institutions of the state because the sons of this component of competencies.”

Did US General Electric and Siemens AG share the $ 15 billion deal?



Economy News Baghdad:

A major conflict is taking place on the Iraqi arena, between the German companies Siemens and US General Electric to acquire contracts worth 15 billion dollars in the electricity sector, which has been suffering from poor production since 2003 and so far, led to a series of popular protests across the country, Basra province south of the country.

The Iraqi government signed under great pressure after Egypt announced the end of the electricity crisis by contracting with the German company Siemens, as demanded by a large number of Iraqis to contract with it, and became clear to all the conflict that is currently underway between General Electric and Siemens through advertising campaigns on social networking sites and gave them Solutions for Iraqis to end the electricity crisis.

On December 15, 2009 , the Ministry of Electricity signed a contract for the importation of 7 million megawatts of power plants from General Electric Company in the amount of US $ 3 billion to support the electricity network in Iraq. It also signed a contract with Siemens International to build new plants to produce electricity with a capacity of 3300 megawatts, in addition to several decades, but the production of Iraq from the national system is currently up to 8.2 thousand megawatts !.

The Financial Times newspaper said that the hopes of the German company Siemens to win a large contract to supply energy to Iraq faded after the Trump government intervened in favor of its rival, “General Electric “.

Siemens, based in Munich, Germany, appeared in the past few weeks close to securing a contract to supply power generation equipment to Iraq with capacity of 11 GW, in a deal said to be estimated at $ 15 billion .

When the competition between Siemens and General Electric reached its final stages, the US government pressed its Iraqi counterpart, Baghdad’s memo, that 7,000 Americans had died in the 2003 invasion to topple Saddam Hussein, the sources said. «General Electric» a large share of the deal .

After the leaks of the British newspaper popular anger inside Iraq, which made the Iraqi government to sign a memorandum of understanding with Siemens. The German government appeared to have put pressure on Baghdad. German Energy Minister Thomas Parais arrived in Baghdad and met several officials, including Prime Minister Haider al-Abadi and House Speaker Mohammad Halabousi.

The Iraqi News Agency “conscious”, that the Ministry of Electricity signed an agreement with the German company Siemens to rehabilitate the units and electrical stations in Iraq .

“The Ministry of Electricity signed a memorandum of understanding (MoU) with Siemens, ” the official agency of the Iraqi state said in a statement published Saturday evening .

“The memo includes support for Iraq in the area of ​​energy, ” she said.

“It also includes the rehabilitation of units and electric stations in all governorates,” the statement said, noting that the memorandum provides for “assistance to Iraq in the transfer of stations from one province to another, in addition to the use of advanced techniques in the generation of electric power, and the mechanism of transmission .”

And remains the Iraqi citizen wondering what will happen from the conflict between the international companies on the processing of electricity, will continue the crisis.

Electricity signs agreement with GE to develop energy sector


Date of release: 2018/10/21 14:26 
(Baghdad: Al Furat News) The Ministry of Electricity signed a cooperation agreement with US company «General Electric» to develop the energy sector in the country.
“The Ministry of Electricity, represented by Minister Qassim Mohammad Al-Fahdawi, has signed a joint cooperation agreement with GE, which was represented by the President and Chief Executive Officer of Energy Services in South Asia, the Middle East and Africa, Joseph Anis,” said a statement from the ministry. The vision of the Iraqi government in the development of the energy sector and the revival of the national economy through the rehabilitation of a number of generating units and the conversion of a number to another cycle vehicle and the addition of new production units. 
“In addition to the processing of different power stations of different capacity and training of staff and advice to reduce the rumors in the distribution of electric power.” 
He pointed out that “will be preparing formulas for future contracts on the basis of this memorandum in preparation for the conclusion and then implement to resolve the crisis of electric power in the country.

Deputy: More than 70% of the cabin of Abdul Mahdi will be granted confidence this week




Information / special … 
MP for the Alliance of Reform and Reconstruction Alaa al – Rubaie, Sunday, for the resolution of more than 70% of the ministerial cabin of the Government of Adel Abdul Mahdi, revealing an agreement not to include the cabin of any Minister of the Government of Abadi or deputies of the current session. 
“As a result of the authorization by the reformists and the Fatah to Abdul Mahdi, the choice of his cabinet, the last push to resolve more than 70% of his government and the selection of names without informing the blocks on the candidates.” 
He added that “what hampered the resolution of the remaining 30% is the blocks to claim the electoral entitlement and impose certain names you want to be included in the new government lineup,” adding that “the vote on the government of Abdul Mahdi does not exceed this week.” 
He said that “it was agreed with Adel Abdul-Mahdi when he was mandated not to include any government minister from the government of Haider Abadi or a deputy member of parliament for the current session.”

Saleh: Iraq looks forward to strengthening its foreign relations and openness to all


Editorial Date: 2018/10/21 15:45
(Baghdad: Al-Furat News) President Barham Saleh said Iraq aspires to strengthen its foreign relations and openness to everyone.
“President Barham Saleh received at the Peace Palace in Baghdad on Sunday morning Australian Ambassador to Iraq Joan Lounds,” a presidential statement received by the agency {Euphrates News} said today. 
“At the beginning of the meeting, Lounds reviewed the stages of the development of friendly relations between Iraq and Australia, and means of strengthening them in all fields.” 
“The President stressed the depth and strength of relations between the two countries, stressed the importance of development in the fields of trade, industry and agriculture, indicating the aspiration of Iraq to strengthen its foreign relations and openness to everyone. 
In her turn, Ambassador Laundes reiterated her support for Iraq in its fight against terrorism, stressing her country’s keenness to strengthen cooperative relations to serve the interests of the peoples of the two friendly countries.

Saleh asserts to MacGurke the need to strengthen relations between Iraq and the United States

Editorial Date: 2018/10/21 14:45


President Barham Saleh stressed the need to strengthen relations between Iraq and the United States in all fields.

“President Barham Saleh received at the Peace Palace in Baghdad Sunday morning the special envoy of the US president to Iraq, Brett McGurk and the accompanying delegation,” a statement from his office said.

“Saleh stressed the importance of relations between Iraq and the United States, stressing the need to strengthen them in all fields, especially economic and trade in the framework of the strategic framework agreement between the two countries.”

For his part, McGork said, “his country’s determination to enhance the prospects for cooperation between the two countries.”