A public holiday in Iraq to celebrate victory over the “dashing”


A public holiday in Iraq to celebrate victory over the "dashing"
Downtown Baghdad

Direct: Iraqi cabinet decided to announce on Monday, December 10 an official holiday.

The council added in a statement on its official website that the holiday was on the occasion of “the declaration of victory over the organization calling the terrorist.”

“Victory over a supporter came thanks to the blood of our noble martyrs and the heroism of our heroic forces in all their forms,” ​​the council said in a statement.

Like the government institutions, the Iraq Stock Exchange decided to suspend its operations on that day.

The Iraqi Prime Minister announced on December 9 last year, the complete cleansing of the entire island of Nineveh and Anbar remnants of the elements of the organization calling the terrorist and control completely along the Iraqi-Syrian border.

The Iraqi forces announced in mid-November last year the fall of the succession of the Islamic state organization, “urged” after the return to the town of Rawa border, the last town under the control of the organization inside Iraq.

The organization of Da’ash or the organization of the Islamic state is an armed organization that follows the ideology of the Salafist Jihadist groups. Its members aim to restore the Islamic caliphate and the application of shari’a. Its members are present and spread its influence mainly in Iraq, Syria and other countries.

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The 2018 Annual Conference of the Central Bank of Iraq …. The harvest of achievements and the start of the development process for the year 2019


Samir Nusairi

The central bank ends in 2018 to hold the fourth annual conference on 12.10.2018 under the slogan (the developmental role of the Central Bank), which will discuss the pivotal two main development dimension of monetary policy development and the role of the banking sector comes the conference at this time in which the Iraqi people are looking forward to the completion of ministerial cabin of the new government and to begin the process of economic reform and achieve economic stability, according to what you stated the government curriculum comes to take place and the Central Bank is exposed to the campaign of biased and unfair away from neutrality and fairness and the proper assessment of the obvious efforts made by the central bank in the J Rove, economic and security impact at a confirmation of its success in achieving its annual plan for 2018 in support of the national economy during the economic and financial crisis and the war on terrorism and was its procedures and policies adopted by which formed a bright spot and experience honorable success in a country that is going through harsh conditions and the stage of history is the most difficult in the face of economic challenges

The stability of the exchange rate of the Iraqi dinar against the US dollar and maintain the inflation rate of not more than 2% and the level of foreign reserves within the rates according to international standards, where the foreign reserves of Iraq amounted to 62 billion dollars and the third alternative Arab and the adequacy ratio exceeded 160% according to the latest international standard for measuring efficiency and stimulate the sector Regulatory, supervisory and supervisory banking and the establishment of new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism, credit and operational risk management and banking awareness and the issuance of the Money Laundering Law 39 for the year 2015 and the development of systems Payment and the application of all electronic payments by retail and mobile and the establishment of the national division and work on the application of international standards in financial reportingInline with the transparency and disclosure principle, the Bank’s efforts to stimulate financial inclusion and focus on the initiative to settle the salaries of employees in order to increase the financial coverage of the population who do not have accounts in the banking system, which amounted to 22.6 and activate the initiative to finance small and medium enterprises.

In order to restore confidence in the banking sector, the Central Bank re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance as well as establishing the deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping in the economy and thus activate the economy through activating investment, Organizational structure and development of the depository center in the Iraqi securities market and the establishment of a national credit center.

At the level of international banking relations, the Central Bank and the exceptional efforts of the Governor and his team have succeeded in restoring relations with Arab and foreign central banks and delivering the achievements of the past four years to the international financial institutions such as the Financial Action Group ( FATF ) (Gray) to normal follow-up. The visit of the Governor to the UN Security Council and his presentation of the achievements and organizational, structural and technical developments and compliance with international standards in financial reporting, Iraq ‘seconomy and Iraq ‘s ability to adhere to international credit benefits as the accolades of the World Bank and the IMF have had a clear impact in strengthening economic resilience and financial victory and move steadily towards financial sustainability.

That achieved in 2018 of the important achievements will make it start with the implementation of its plan for 2019 to re-evaluate banks and classification in line with international standards in measuring the efficiency of performance and activating the contribution of the banking sector in development and in community and humanitarian initiatives and to continue qualitative development procedures and build balanced relations with international and Arab banks and Consider the structure of the banking sector, which enhances the role of government and private banks in the transition from the role of banking to the developmental role.

* Economic and banking consultant

Views 468   Date Added 12/05/2018

Iraq ‘s economy has no stock market for a week


Iraq has no stock market for a week
 one hour ago

Twilight News / Iraq Stock Exchange decided to suspend its work for a week.

The market, in a statement on its official website, said Tuesday’s session is the last trading session of the year 2018.

The market continued to return to its official day on January 2, 2019.

The Iraqi Stock Exchange will also be suspended next Monday (December 10th) to celebrate the victory over the organization “Daash.”

GE ‘s economy details its plan to solve the biggest crisis in Iraq

GE is announcing in detail its plan to resolve the biggest crisis in Iraq
 Twilight News    
 49 minutes ago

(MENAFN Press) GE Electric has presented a series of solutions to address the challenges facing the Iraqi electricity sector during its participation in the “Iraq Leap Forward” conference held today in Baghdad. The conference was attended by 400 senior government officials, representatives of international financial institutions, multinational corporations and others.
During the conference, GE reviewed a comprehensive plan of action for the deployment of fast and well-thought-out power generation technologies, improvements to existing power plants to provide the grid with an additional 1.5 gigawatts of power by 2019, and maintenance and rehabilitation services To ensure continuous power output at current generation plants. In addition, the plan provides for the necessary improvements and services to existing generation plants and the conversion of simple cycle power stations to the combined cycle system, allowing for the provision of new electric power without the need for additional fuel consumption or causing further emissions; A combination of unique solutions to integrate and capture flammable gas and power generation using state-of-the-art gas-to-energy conversion technologies. General Electric also plans to develop substations and extend air lines in the country.
General Electric employs up to 300 employees in Iraq, with three offices in the country – in Baghdad, Basra and Erbil. GE and its partners today provide the power to operate more than 90% of Iraqi Airways aircraft, and the company’s technology contributes up to 55% of the country’s current electricity production. About 4,000 GE Healthcare products are deployed in hospitals and clinics across the country.


Parliament integrates two of its committees and cuts the other and discusses the formation of an investigative committee on electricity contracts [expanded]

Editorial Date: 2018/12/6 16:54 
The House of Representatives held its 17th session under the chairmanship of the President of the Council Mohammed Halbusi, in the presence of the two Vice-Presidents of the Council and 174 deputies, which discussed and discusses the formation of an investigation committee on contracts of the Ministry of Electricity, while merging two of its committees.
“At the beginning of the session, which opened with the recitation of verses from the Holy Quran, MPs Jabbar Ali Luaibi and Faleh Abdul Hassan al-Sukkar were sworn in before the council,” a statement from the House of Representatives news agency said. 
The Chairman of the Council, the Education Committee in the preparation of a report on the subject of appointments of the Ministry of Education in the provinces and presented in the next meetings of the House of Representatives, on the request of MP Abbas Zamili and a number of deputies. He announced the return of all 111 bills to the General Secretariat of the Council of Ministers and the Presidency of the Republic for reconsideration in line with the government program, as well as a list of the names of 28 ambassadors submitted by the previous government, because of objections to some candidates by the current government.
It also directed the committees and each according to their competence to prepare reports on the heads of governmental institutions and bodies who have long been in office and presented the final report to the Council for appropriate decision.

The council voted on dividing the Human Rights Committee from the Committee of Martyrs, making the Committee of Martyrs and Prisoners independent, and integrating the Human Rights Committee with the Committee on Women, Family and Childhood on the request of more than fifty deputies. 
The President of the Council requested the Committee on Amendments to the Rules of Procedure to hold a meeting on Saturday to discuss the subject of the terms of reference and functions of the Standing Committees of the Council and submit the final proposals for a vote.
In the interventions of deputies on the legislation of laws, a number of members stressed the need to give priority to important laws affecting the lives of citizens, especially with regard to the health, educational, social and financial, as well as laws relating to international conventions concluded with Iraq for ratification by the House of Representatives. 
On the other hand, the Council discussed the formation of an investigation committee on the contracts concluded in the Ministry of Electricity on the request of MP Uday Awad and 99 deputy, where the number of members to the existence of many problems in these contracts, not to contract with companies competent and competent in this area, The lack of clear performance, which negatively affected the provision of services to the citizen, demanding the abolition of the system of collection and the formation of an investigative committee of the Committee on oil and energy and reconsider the companies contracted with them. 
The President of the Council hosted the representatives of the General Secretariat of the Council of Ministers and the Ministries of Finance and Displaced on Saturday in the Committee of Displaced to discuss the subject of the sinking of a number of displaced persons camps in the Kurdistan Region, at the request of MP Raad Aldalkhi. 
The President of the Council raised the meeting until Saturday at 1 pm.

Halabousi: Parliament will hold its meetings until next Monday

02:06 – 06/12/2018

Baghdad – Mawazin News

The Speaker of the House of Representatives, Mohamed Halaboussi, Thursday, that the Council will continue to hold meetings until next Monday.

A parliamentary source told Mawazine News that “the parliamentary sessions will be held on Saturday and Sunday.”

The parliament also voted earlier to merge the Commission on Human Rights with the Committee on Women and Children and that the Committee of Martyrs and Prisoners be independent.

The parliament held its 17th session, the fourth legislative session, the first legislative year, the first legislative term under the chairmanship of its chairman, Mohamed Halboussi.