Iraq issued a declaration concerning the preacher

 

Iraq issues a declaration concerning a supporter
 Twilight News    
 one hour ago

The Iraqi security information center announced on Thursday that Iraq’s border with Syria is fully secured after a talk of threats to the radical organization on the border. 
“We have fully explored the Iraqi and Syrian borders, which are heavily fortified and well-equipped, in addition to the intelligence effort,” said Yahya Rasool, a spokesman for the center. 
“The introduction of technology, thermal cameras and marching aircraft, as well as strikes by the air force and the air force, if the enemy tries to approach, the strong response by Iraqi forces will be received.”

http://www.shafaaq.com/ar/Ar_NewsReader/5df06602-29ae-4ee7-ab3a-a30f6a9aca56

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A busy day for Barham Saleh and meetings at a high level .. know them

BAGHDAD / President of the Republic Barham Salih held a series of official meetings with Iraqi officials in Baghdad on Thursday to discuss the security, political and economic situation in Iraq.

Earlier on Thursday, Jordanian Foreign Minister Barham Salih received Ayman Safadi during his visit to Baghdad. The press office of the President of the Republic said in a statement that Saleh received Foreign Minister Safadi, as the first foreign minister to visit Iraq, after the formation of the new government.

On the same day, Barham Saleh discussed with Iraqi Prime Minister Adel Abdul Mahdi the file of completing the formation of the ministerial cab.

“The President of the Republic Barham Salih, received at the Palace of Peace, Prime Minister Adel Abdul Mahdi,” the presidential press office said in a statement.

“The two sides stressed the importance of reaching a strong government capable of fulfilling its responsibilities and realizing the aspirations and aspirations of the Iraqi people,” the statement said.

He called on the President of the Republic, “the political blocs to give priority to the national interest and to show support and support for the Prime Minister to choose the rest of his Cabinet on the basis of efficiency and integrity and start the implementation of the government program.”

In the same context, the President of the Republic, President of the Federal Supreme Court, Mr. Medhat Al-Mahmoud, stressed the importance of the independence of the judiciary and the rule of law in a manner that ensures justice and guarantee the legitimate rights of citizens to a free and dignified life.

During the meeting, the general issues in the country were discussed from the political, security and judicial aspects, and how to strengthen cooperation and coordination among the state’s higher institutions in order to serve the homeland and protect the constitution.

Saleh met with former Prime Minister Nuri al-Maliki, and discussed the latest security and political developments in the country and the efforts of all parties to reach agreements on the completion of the ministerial cabin.

Where the President of the Republic called on all political parties to support Prime Minister Adel Abdul Mahdi in order to reach a strong government that meets the aspirations and aspirations of the Iraqi people.

For his part, Mr. al-Maliki expressed optimism about the role of the presidency of the Republic to serve the political process and stability through the preservation of the Constitution and the law, stressing the importance of cooperation between everyone and work together to provide what is better for the Iraqi citizen during the next phase.

On October 3, 2018, the House of Representatives announced the election of Dr. Barham Ahmed Saleh as President of the Republic of Iraq, replacing Fuad Masum, with 219 votes.

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Dr.. The appearance of Mohammed Saleh: * Towards the settlement of official foreign debt of Iraq **: (Terms of the Paris Club Agreement Paris Club Terms)

The Republic of Iraq signed on 21 November 2004 an agreement with a group of official creditors of the Paris Club countries, which received a reduction of 80% of Iraq's sovereign debt [...]

On November 21, 2004, the Republic of Iraq signed an agreement with a group of official creditors from the Paris Club countries, whereby it obtained a reduction of 80% of Iraq’s sovereign debt with that group of 19 countries, December 2004 was about $ 38.9 billion in nominal terms (of the total debt of the country initially estimated at $ 128 billion), which was called pre-1990 debt and was processed according to the following stages:

  1. Treatment of debt Principal Treatment

Three stages were adopted to achieve an 80% reduction in external debt:

 

Phase l

Write off 30% of total debt (as it was) on 1 January 2005, under which Iraq received a reduction of $ 11.6 billion.

 

Phase ll

A further 30 per cent reduction in total debt once Iraq signs an agreement

 

Arrangements by – Stand / SBA with the IMF

 

(Ie, at the international level), with a reduction of 11.6% at this stage

Program with the Fund at the end of 2005)

The rest of the debt (40% at this stage) was scheduled for a period of 23 years, inclusive

 

A grace period of six years.

Phase III:

Achieve a final reduction of 20% by completing Iraq

On total debt, conditional of the Stand By Agreement SBA with the International Monetary Fund (IMF) referred to above and completed.

 

Note the amount of the reduction for these results within three years from the date of signing the program. That the phase was about $ 8.7 billion.

to a total cut thus ended the treatments of religion according to the three stages referred to Iraq’s external debt to the Paris Club (19) was $ 9.38 billion

 

(Ie, the approved reduction of 80%) provided that the value is equal

Nominal value of debt with NPV. For example, the sector’s debt was deducted (US $ 35 million or less) for each small creditor almost 90% of the debt. As I paid a reward the debtors listed in cash (without scheduling)

Is about 10% of the original debt amount and is equal to the discount rate of 80% if it is made schedule them on condition that the nominal value of the debt is equal to NPV. Based on Iraq, for example, paid nearly 450 million dollars to creditors Lyon in cash

 

For their receivables of $ 5.4 billion and a discount rate of about 10%

Approximately . It is noted that the United States has begun to reduce its indebtedness on debt Iraq by 100%, and the Russian Federation has reduced its official debt to Iraq by a percentage increased

 

Papers in public debt

 

The 94% of the two members of the Paris Club countries as well as other countries have reduced its sovereign debt to Iraq by 100% such as Cyprus, Slovenia and Malta

(All from a group of countries outside the Paris Club.

And Algeria) recently

 

Interest Treatment

The accrued interest was capitalized on the rest of the debt of 20% as well as the capitalization of accrued interest on the rest of the total debt above) during the first (six) years following the signing of an agreement

Paris Club and according to the details set out below:

 

It should be noted that, after six years of easing the burden of cash flows (ie, assisting Iraq) to defer payment of the principal with a high degree of capitalization of interest (the total debt becomes disposable to gradually pay 17 years and equal (semi-annual) payments of 34 payments over the period

Amounting to $ 8.7 billion. The first installment of debt has been achieved (in accordance with the principle of debt amortization)

Amortization) as of 1 January 2011 (negative 37.0%) and the second installment as of 1 January 2012 and its value is negative (39.0%) and the last payment will be in 1 /(20.5%) and is one of the largest payments to be made time. The annual interest on the rest of the debt that has been scheduled is about  . % 5.8

 

Note: the terms of the Paris Club Agreement apply to Iraq’s debt with all its creditors (sovereign debt of Outside the 54 Paris Club countries and trade debt and more than 6,000.

(Ie, within the principle of treatment equivalence in international law, as an agreement

The Paris Club is a standard agreement that applies to all Iraqi debts before 1990.

In conclusion, in order to implement the terms of the Paris Club Agreement and ensure its proper application, the French banking financial institution known as LAZARD to act as financial advisor and follow up the mechanism for settlement of Iraq’s debt scheduled with the group of Paris Club countries related.

(*) Iraqi economic researcher and writer, former deputy governor of the Central Bank and financial advisor former Prime Minister Dr. Haidar Abadi

(**) led the negotiating team to reach the Paris Club Agreement to reduce the external indebtedness of the Republic of Iraq, Mr. Adel Abdul Mahdi, and a technical team composed of Dr. Sinan Al-Shabibi, former Governor of the Central Bank of Iraq and Dr. Aziz Jaafar, the appearance of Mohammed Saleh and Dr. Ahmed Breihi and conducted legal consultations with the Office International Law (Clare Gatelop) and other technical consultations with the International Monetary Fund of the Security Council resolution

 

It should be noted that, after six years of easing the burden of cash flows (ie, assisting Iraq)

 

To defer payment of the principal with a high degree of capitalization of interest (the total debt becomes disposable to gradually pay 17 years and equal (semi-annual) payments of 34 payments over the period

Amounting to $ 8.7 billion.

 

The first installment of debt has been achieved (in accordance with the principle of debt amortization) Amortization) as of 1 January 2011 (negative 37.0%).

 

The second installment as of 1 January 2012 and its value is negative (39.0%) and the last payment will be in 1 / (20.5%) and is one of the largest payments to be made in time. The annual interest on the rest of the debt that has been scheduled is about . % 5.8

 

Note: the terms of the Paris Club Agreement apply to Iraq’s debt with all its creditors (sovereign debt of Outside the 54 Paris Club countries and trade debt and more than 6,000

(Ie, within the principle of treatment equivalence in international law, as an agreement The Paris Club is a standard agreement that applies to all Iraqi debts before 1990.

 

Of the UN Security Council resolution In implementation of Act No. 1483 of May 2003. After standing on Dr.. The appearance of Mohammed Thalh towards the settlement of official foreign indebtedness of Iraq

 

The results of an analysis of the so-called debt sustainability analysis

is the signing ceremony of the above agreement took place at the Paris Club headquarters on 21 October 2018,  which resulted in a commitment to write off more than $ 100 billion Iraq’s external debt.

 

Copyright © Iraqi Economists Network. Reproduction is permitted provided that reference is made to the source Iraqi Economists Network. 29 October 2018.

 

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Security Media: Our borders with Syria are fully secure

Editorial Date: 2018/11/1 18:06

{Baghdad: Al Furat News} The Center for Security Information that the borders of Iraq with Syria fully insured.
“Our borders are fully secure and the terrorist enemy is within 5 kilometers inside the Syrian territory, there are fortifications and a great effort of the island operations and the joint forces of the security forces and the popular crowd,” said the spokesman of the security information center Brigadier Yehia Rasool in a press statement from the Iraqi-Syrian border. 
He added: “We have explored all the Iraqi and Syrian borders fully and is heavily fortified, adding intelligence effort that” the introduction of technology, thermal cameras and marching aircraft in addition to the air strikes of the army and air force. ” 
Between the Messenger” If the enemy tried to get close to our borders will receive strong and strong response by Our pieces “

Iraq ‘s economy is looking at the “success story” of electricity with GE

 

Iraq is looking for a "success story" of electricity with GE
 Twilight News    
 12 minutes ago

Minister of Electricity Luay Al-Khatib met on Thursday with the US General Electric Company (GE) delegation led by President and Chief Executive Officer of South Asia, Middle East and Africa Joseph Anis.

A statement from the ministry said to the twilight news that during the meeting was discussed the memorandum of understanding that was concluded with the American company.

“The success story we seek is to raise the productive capacity and efficiency of the Iraqi national electrical system and improve the performance of the transport and distribution sectors through the conclusion of balanced and promising agreements for Iraq,” Khatib said.

Saudi Arabia allocates 1.5 billion dollars to build a sports city in Baghdad

Iraqi fans. “Reuters”
 money and business

Economy News Baghdad

Saudi Arabia has allocated $ 1.5 billion to build an integrated sports city in Baghdad.

A source in the Ministry of Youth and Sports in a statement quoted by the agency “Alsumaria News” and viewed by “economy News”, “Saudi Arabia has allocated $ 1.5 billion to build an integrated sports city south of Baghdad.”

“The sports city will be built near Alwa al-Rasheed south of the capital as a gift from the Kingdom to Iraqi sports.”

The source, who preferred not to be named, that “the amount is in the Saudi embassy in Baghdad and there is only left administrative procedures to start building the sports city.”

It is noteworthy that the Iraqi Foreign Minister Ahmed Mahjoub said earlier that relations with Saudi Arabia is improving over 14 years, in the development of relations towards the opening of economic prospects between the two countries, especially on the subject of electricity and energy.

http://economy-news.net/content.php?id=14205

Putin assured Abdul Mahdi of Russia’s continued support for Iraq and continued joint cooperation

Editorial Date: 2018/11/1 15:56 
Baghdad: Russian President Vladimir Putin assured Prime Minister Adel Abdul-Mahdi of Russia’s continued support for Iraq and continued joint cooperation. 
“Prime Minister Adel Abdul Mahdi received on Thursday a cable of congratulations from Russian President Vladimir Putin,” a statement from Abdul-Mahdi’s office said. 
“Putin congratulated Abdul Mahdi on the occasion of the formation of the government,” stressing “his country’s keenness to strengthen relations between the two friendly countries and continue to support Iraq and continue joint cooperation for the benefit of the two friendly countries.”