US Vice President confirms to Abdul Mahdi, his country’s stand with Iraq to defeat the remnants of an encouraging

Date of release: 2019/3/19 0:48

BAGHDAD (Reuters) – US Vice President Mike Pines said on Monday he had telephoned Prime Minister Adel Abdul Mahdi, stressing that the United States stood with Iraq to defeat remnants of an organization calling on the terrorist.

“I concluded with the Iraqi prime minister and thanked him for his strong support for the permanent partnership between the US states and the Iraqi people,” Pines said in a tweet on his Twitter account.

“The United States stands with Iraq to defeat the remnants of the Baath and help the Christian and Yezidi communities to rebuild and recover from years of terrorism and war.”

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Halabousi and US envoy emphasize the need to eliminate terrorism once and for all

Editorial date: 2019/3/18 21:50

BAGHDAD (AFP) – President of the House of Representatives Mohamed Halboussi discussed Monday with US Special Envoy to the International Coalition Against Terrorism James Jeffrey and his accompanying delegation the developments of the political and security situation in Iraq and the region.

“The two sides discussed the coordination of bilateral efforts on the issue of fighting the da’ash in the border areas with Syria, stressing the need to complete the war against da’wah, eliminate terrorism permanently and provide training and technical support to the security forces,” a statement from the office of the speaker of the House of Representatives.

The meeting also discussed “the support of the United States of America for the efforts of stability through the return of displaced people and reconstruction of the liberated area, as well as the support of the Iraqi government; to implement its government program, which enables it to provide services and eliminate corruption.”

Al-Hilbousi praised the efforts of the United States to fight and encourage the reconstruction of the liberated areas and support Iraq in all areas

, Jeffrey reiterated his country’s support for Iraq in the fight against terrorism, reconstruction and stability that will contribute to the stability of the region.

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(OPEC +) cancels a ministerial meeting scheduled for Vienna next April

 

Release date: 18/18/2019 18:42 

{International: Al Furat News} The Joint Ministerial Control Committee of the {OPEC +} on Monday canceled a meeting scheduled for April, which was aimed at approving any updates to the cut production agreement.

This came in a statement issued by the Organization of the Petroleum Exporting Countries (OPEC) today, following the meeting of the Joint Ministerial Control Committee in the Azerbaijani capital “Baku”. 
The Committee adopted the recommendation to cancel the full ministerial meeting, scheduled for the Austrian capital Vienna, in April. 
OPEC members and independent producers led by Russia, known as Opec + in early 2019, began implementing a deal to cut production by 1.2 million bpd, which will last 6 months. 
The committee decided to hold a meeting next May in Jeddah, Saudi Arabia, ahead of the OPEC meeting on June 25, when a decision will be made on the production target for the second half of 2019. 
The committee stressed today its commitment to the stability of oil markets, That it will determine the end of June next, determine the fate of production target for the second half 2019.
It recognized the severe uncertainties surrounding the global oil market throughout 2019 and stressed the shared responsibility of all participating States to restore market stability and prevent any market disruption. 
The monitoring committee includes ministers from six countries: Russia, Saudi Arabia, Kuwait, Venezuela, Algeria and Oman. 
According to the statement, all participating countries present at the meeting, individually and collectively, confirmed that they would exceed their voluntary production adjustments in the coming months. 
Baku, Azerbaijan, today witnessed the 13th meeting of the Joint Ministerial Control Committee of OPEC +.

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Basra Council: drilling 20 new wells in the field of Majnoon oil to raise production to 300 thousand barrels per day

 

16:38 – 18/03/2019

  

Information / special … 
announced the Basra Governorate Council, Monday, plan to drill 20 new oil wells in the Majnoon field in 2019 to raise production from 250 to 300 thousand barrels per day. 
“There is a plan in coordination with the Ministry of Oil and the Southern Oil Company to expand oil wells and increase production,” said Shaddad al-Faris, head of the energy committee in the council. 
He added that “the plan, in coordination with the Iraqi Drilling Company, the drilling of 20 new wells within the Majnoon field in Basra,” adding that “the purpose of raising the production of the field crazy from 250 to 300 thousand barrels per day.” 
He explained that “there are plans to expand other oil fields in Basra, including Rumaila field and other fields and the expansion of oil exploration exploratory.”

https://www.almaalomah.com/2019/03/18/394401/

Franchise Workshop targets Int’l Commercial Brands in Iraq

 

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By John Lee.

NIC Hosts Franchise Workshop which Aims to Expand the Activities of International Commercial Brands in Iraq

Iraq’s National Investment Commission (NIC), in coordination with the US Department of Commerce and the US Embassy in Baghdad, has hosted a franchise granting workshop over four days for the Iraqi private sector to expand the activities of international commercial brands in Iraq.

Dr. Sami Al-Araji, NIC Chairman, said in his opening speech that Iraq is on its way to opening up its services sector by providing support to the Iraqi private sector, adding that obtaining the licenses of international commercial brands can provide important economic revenues represented by the opening up of the big world companies towards Iraqi Market and creating many job opportunities all over Iraqi provinces.

The US Counsel said that US franchisers are looking to Iraq as “a unique key market“.

Ms. Mays al-Ebosy, the coordinator of the US Department of Commerce and the and the supervisor of the session, invited the attendees to open discussions to listen to the obstacles that face the Iraqi private sector. The second and third days of this workshop were dedicated to the provincial investment commissions (PICs) and promoting investment in provinces, while the fourth day focused on hotel investments to Iraq.

(Source: NIC)

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http://www.iraq-businessnews.com/2019/03/18/franchise-workshop-targets-intl-commercial-brands-in-iraq/

Iraq says to open Syrian border crossing in coming days

WORLD NEWS

MARCH 18, 2019 / 8:01 AM

BEIRUT (Reuters) – Iraq’s armed forces chief of staff on Monday expressed hope that the country’s border crossing with Syria would be opened in the coming days after meeting his Syrian and Iranian counterparts in Damascus.

“God willing the coming days will witness the opening of the border crossing and the continuation of visits and trade between the two countries,” Lieutenant General Othman al-Ghanimi said at a news conference broadcast by Syrian state television.

Reporting By Angus McDowall and Tom Perry; Editing by Catherine Evans

Our Standards:The Thomson Reuters Trust Principles.

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Iraq ‘s economy announces joint decision on oil production

Twilight News

“There is a consensus of producers from the Organization of Petroleum Exporting Countries (OPEC) and outside, to abide by the agreement to reduce production in support of oil prices and the stability of the oil market,” Iraqi Oil Minister Thamer Abbas al-Ghadhban said.

He pointed out in a statement on Monday, there are signs of rising global stocks despite sanctions on some countries.

This came after the conclusion of the thirteenth meeting of the Joint Ministerial Committee to monitor the agreement to reduce production between OPEC and the largest producers from outside, which was held in the Azerbaijani capital Baku.

Thamer Abbas Al Ghadhban said that the Ministerial Council for Production Control listened to the reports of the relevant committees emanating from the producers’ meetings and included an extrapolation of the international oil market and a review of the tables, reports and production data of the Member States.

Ghadban said that the ministerial meeting to be held next month in Vienna and the meeting in June this year will discuss the reduction of production and decision-making by the oil ministers and leading to more stability of the global oil market.

As of last January, OPEC and Russia began cutting oil production by 1.2 million barrels per day.

In February, OPEC cut production by 221,000 bpd.

For his part, spokesman for the Iraqi Oil Ministry Assem Jihad, said that the meeting of the ministerial committee stressed the importance of the commitment of producers agreement, which led to the achievement of positive steps and more stability of the oil market.

Jihad said that the ministerial committee listened to a comprehensive report on the commitment of the members of the agreement to reduce the production and ratios prescribed for each country, pointing to Iraq’s commitment and his concern for the stability of the world oil markets and support oil prices.

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http://www.shafaaq.com/ar/Ar_NewsReader/a95e4b26-5639-4a64-8520-910e0ab65f87

Association of Iraqi Special Banks Holds Workshop «Risk Management and Compliance in Banks»

Banks

Economy of Iraq – Baghdad

On Monday, the Association of Iraqi Private Banks held a workshop entitled “Risk Management and Compliance in Banks” at the headquarters of the Association, with the participation of the Central Bank and a number of private banks.

Ahmed Al Hashemi, director of administration and training at the Association of Iraqi Private Banks, said in his speech at the opening of the workshop, “After the urgent need for banking risk management, The Iraqi banking sector with the latest legislation and laws related to risk management and compliance and keep up with developments in the global banking sector.

Hashemi added that “raising the work of the banking sector employees one of the most important functions of the Association of Iraqi private banks.”

 http://economy-news.net/content.php?id=15834

Saleh to US envoy: Iraq builds its relations on the basis of its supreme interests

Editorial date: 2019/3/18 13:10

(Baghdad: Al-Furat News) President of the Republic Barham Salih received on Monday in the city of Sulaymaniyah, US Special Presidential Envoy for the International Coalition Against Terrorism, James Jeffrey and his accompanying delegation.

“The meeting reviewed the latest political and security developments at the Arab and regional levels, and stressed the need to achieve peace and stability and find solutions to the crises and conflicts that plague the region,” a presidential statement received by the Euphrates News Agency said.

“Iraq is keen to expand the horizons of joint cooperation between Iraq and the United States in all fields, and the importance of coordination between the two sides on security and political developments,” Saleh stressed, stressing that “Iraq is starting to build relations with brothers and friends to achieve higher national interests.”

The president praised the US support for Iraq in various fields, especially in the war on terrorism and its contribution to the reconstruction of the affected areas.

For his part, Jeffrey reiterated his country’s determination to continue its support for Iraq and its support for progress and advancement in all fields and to take its leading role in the region, praising the victory against the terrorist gangs.

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