Abdul-Mahdi confirms to Iraqi businessmen support for the participation of the private sector in all fields


Wednesday, February 13th
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Alsumaria News / Baghdad
Prime Minister Adel Abdul Mahdi on Wednesday assured Iraqi businessmen and investors of his support for the private sector’s participation in all fields, pointing out that it is wrong to consider this sector attached to the state.

The press office of Abdul-Mahdi, in a statement received by Alsumaria News, a copy of it, the latter “received today, a large delegation of investors and Iraqi businessmen,” noting that “discussed with them support the contribution of the private sector to expand economic activity and state building, and challenges facing their work and ways Remove them “.

“We are aware of the work of the private sector and the challenges it faces and it is wrong to consider it as an annex to the state,” he said.

He pointed out that “the successful experiences of the industrialized countries that adopted the market economies for the development of their public and private sectors alike,” stressing “the approach of the government to seek not to take any decision on the interests of this sector in all its segments without consultation and involvement of those involved in the resolution and listen directly to them to come up with resolutions and solutions sound for all Issues “.

The statement of the Information Office of the Prime Minister that “during the meeting discussed several issues related to the work of the private sector and provide solutions proposed and necessary for them.”



Abdulmahdi receives CEO of BP Group


Editorial date: 2019/2/13 19:55 • 36 times read
(Baghdad: Al-Furat News) Prime Minister Adel Abdul-Mahdi discussed with the Executive Chairman of the British Petroleum Group B.D. Bob Dudley, the stages and plans for the development of current and future projects carried out by the company in Iraq.
A statement issued by his office, received the agency {Euphrates News} a copy of it that “the Executive Chairman of the British Petroleum Group (BP) expressed during his meeting with Abdul Mahdi, the company’s desire to work in Iraq and admiration for plans to stabilize and develop the economy. 
He added that “Abdul-Mahdi welcomed the desire of the British oil company to invest in the development of oil fields in Iraq, and ongoing discussions with the Ministry of Oil to strengthen cooperation, which contributes to the development of oil wealth and the revitalization of the Iraqi economy.”

Oil rose to $ 63 a barrel, up 88 cents


13-02-2019 03:14 PM
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Agency of the orbit –

Oil prices rose on Wednesday after Saudi Arabia said it would cut crude exports and cut production further, and US data showed a drop in domestic oil inventories.
By 9:50 GMT, Brent crude was trading at $ 63.3 a barrel, up 88 cents, while US crude was up 66 cents at $ 53.76 a barrel.
This came after OPEC said on Tuesday that it cut production in January by about 800 thousand barrels per day to 30.81 million barrels per day, Saudi Arabia accounted for the lion’s share of these reductions.
Saudi Energy Minister Khalid al-Faleh told the Financial Times yesterday that Saudi Arabia’s output would drop below 10 million bpd in March, more than half a million bpd above the target agreed under the OPEC + deal.



The Association of Iraqi Private Banks Organizes a Workshop «Automated Taxation on Direct Deduction Tax»


Economy News _ Baghdad

On Wednesday, the Association of Iraqi Private Banks organized a workshop entitled “Automated Accountability for Direct Deduction Tax” at the headquarters of the Association, with the participation of a number of employees in private banks.

The director of administration and training in the Association of Iraqi Private Banks, Ahmed Hashemi, in his speech during the opening of the symposium and attended by “Economy News”, “The workshop was joined by the Association of banks in cooperation with the Tax Authority to inform the workers in the Iraqi banking sector on the latest systems and updates handled by the General Assembly For taxes with banks and companies on the mechanism of direct tax deduction and the shift in the process of tax correspondence from the paper or manual system to an electronic program to facilitate work and completion during standard periods.

He added that “the banking sector now in Iraq has seen a significant expansion in its work and therefore needs to introduce modern electronic systems and software for tax accounting to keep abreast of the developments in the world.”


Association of Banks holds a seminar “the concept of financial inclusion” within the events of the Book Fair



Economy News – Baghdad

The Association of Iraqi Private Banks on Wednesday held a seminar on the concept of financial inclusion within the seventh day of the Baghdad International Book Fair, which was held from February 7 to 18 this February.

Participated in the symposium, the Director of Payments in the Central Bank of Iraq, Subhi Abdul Karim, the economic adviser to the Prime Minister appearance of Mohammed Saleh and the Executive Chairman of the Association of Iraqi private banks Ali Tarek, while the hubs Ahmad Hazal.

The appearance of Mohammed Saleh, speaking at the seminar on mechanisms to combat poverty on the basis of financial inclusion, explaining how it provides financial services to weaken the social segments at the lowest cost and a high degree of informatics, and also that the United Nations aims to achieve financial inclusion for sustainable development, The World Bank will launch a financial inclusion initiative next year to bring people closer to the financial system, while stressing that Iraq has jumped from traditional financial coverage to digital financial inclusion.

For its part, the director of payments in the Central Bank of Iraq, said that the central bank concerned with the infrastructure to support financial coverage, as the proportion of financial coverage in Iraq below the level of ambition and we hope in 2020 to achieve a larger proportion.

She stressed that the citizen should enjoy the financial culture in order to raise the community in financial affairs, especially as the project is specialized in providing services to all governorates without exception, considering that the financial culture is necessary, after agreement with the Ministry of Higher Education to approve the presence of Booth for banks throughout the year within University to provide inquiries and banking education for students.

The Executive Director of the Association of Iraqi Private Banks Ali Tariq explained that all layers of society need financial service, pointing out that the participation of the Association of Banks and private banks in the Book Fair is one of the means to promote the idea of financial inclusion, noting that the banking sector needs to re-confidence By the state and thus citizens’ confidence in the banks.

He added that the number of banks and ATMs increased significantly and we hope to expand further, even though we have not reached the level of financial education in the face of major challenges in the country such as unemployment and the absence of a rural economy, while stressing that the achievement of financial inclusion A gradual process needs time.