Documents .. Abdul-Mahdi sends the names of 6 special grades with the candidate of the Ministry of Education of the Parliament (attached to her biography)

2019/06/26 16:13:42

Shafaq News / Prime Minister Adel Abdul Mahdi, to the Speaker of the House of Representatives Mohammed Halbusi names of six candidates for the positions of special grades in addition to the candidate of the Ministry of Education.


President of the Association of Iraqi Private Banks Participates in the 2019 Arab International Banking Summit

A part of the 2019 Arab International Banking Summit


Economy News Baghdad

The President of the Association of Iraqi Private Banks, Wadih Al-Hanalal, participated in the Arab International Banking Summit ( IABS) of 2019 held in Rome, Italy.

Al-Hantal met a number of officials there and men from the Arab and international banking sector and briefed them on the latest developments in the Iraqi banking sector and highlighted the achievements of the recent period

Al-Hantal discussed with the attendees at the summit means of joint cooperation between the Iraqi and international banking sector and exchanging experiences.

The summit was organized by the Union of Arab Banks entitled “Euro-Arab Mediterranean Dialogue for a Better Economic Zone”.

The Chairman of the Union of Arab Banks, Sheikh Mohammed Al-Jarrah Al-Sabah, presented some indicators of the Arab banking sector, which includes 650 banks, with consolidated assets of $ 3.5 trillion in the first quarter of 2019, thus constituting 140% of the Arab GDP, which is very high.

He stressed that the Union of Arab Banks always aspires to be an Arab banking sector free from any conflicts or developments that may hinder its economic and social role, and to remain a strong bridge of communication with international banking and financial institutions and a platform for dialogue on all matters of common Arab action.

“For years, our region has been experiencing a decline in growth rates due to its dangerous geopolitical events,” said Joseph Tarbey, president of the Association of Banks in Lebanon. “The fireworks are racing to put the region on the edge of the abyss. Nor do we forget the sanctions imposed on the behavior of some countries. Those sanctions have exhausted the domestic product of the countries concerned and have caused their economies to shrink and deteriorate. The influx of foreign direct investment has been affected by this negative environment in the face of international competition focused on attracting investments ».

“We look forward to this summit with the conviction that EU countries can only maintain their well-being when their immediate neighbors enjoy stability. We therefore call for opening the door to the entry of Mediterranean countries’ goods into European markets, benefiting from mutual investments and transferring knowledge. Skills and a broader understanding in the cultural, civilizational and humanitarian fields through cooperation in political, economic and social matters, leading to the establishment of a region of prosperity, peace and free trade.

“The European Union is called upon today to actively participate in the process of creating the productive identity of the region, in order to create a space that enjoys the well-being, stability and safety of all parties.”

Arab League Secretary-General Ahmed Abul-Gheit also stressed the Arab world’s economic problems related to competitiveness, business environment, employment and others.

“The first priority for Arab governments today is to raise employment rates, especially among young people. This requires creating an environment conducive to innovation, an incubator for innovation, where investment opportunities, both domestic and foreign, are available, especially in employment-generating enterprises, Small and micro. This innovative economic environment can not be launched without a new philosophy for the banking sector and the financial system that will allow funding for such projects, both emerging and small, through various financial and banking instruments. ”

Iraq and Jordan sign memorandum on project implementation and reconstruction

money and business

Economy News _ Baghdad

The Ministry of Planning announced on Wednesday that Iraq and Jordan signed a memorandum of joint cooperation in the field of project implementation, reconstruction and rehabilitation of infrastructure.
The ministry said in a statement received by the Minister of Planning Nouri Sabah al-Dulaimi and Jordanian Prime Minister Omar al-Razzaz, the Amman capital witnessed the signing of a memorandum of understanding for joint cooperation between the two countries in the field of project implementation, reconstruction and rehabilitation of infrastructure in Iraq”.
“The memorandum was signed by the Director General of the Legal Department of the Ministry of Planning, Hanaa Ismail Ibrahim, and signed by the Jordanian side, Ahmed Al Yaqoub, the head of Jordanian contractors. The memorandum came into force after signing it for five years.”
Al-Dulaimi stressed that the Iraqi Contractors Union has entered into the implementation of this memorandum to enhance cooperation between the Jordanian and Iraqi private sectors in the framework of the Ministry of Planning’s efforts to enhance partnership with the private sector, Ministry for Sustainable Development 2030 “.
He pointed out the importance of the memorandum in the development and exchange of experiences and research results and cooperation in the field of postgraduate studies and facilitate the task of completing the practical and scientific aspects of postgraduate students and facilitating the procedures of exporting Jordanian enterprises to Iraq to contribute to the reconstruction efforts and cooperation in the field of contracts and arbitration.

The US dollar is rising after the US Federal Reserve cut its interest rate cuts

Arab and international

Economy News _ Baghdad

The Dollar rose on Wednesday as expectations of a significant cut in US interest rates dwindled after comments by Federal Reserve officials.

Federal Reserve Chairman Jerome Powell confirmed the central independence of President Donald Trump, who is pushing for interest rate cuts.

The dollar fell last week after policymakers opened the door to a rate cut in the coming months. Some traders believe the US central bank may cut interest rates by 50 basis points next month.

But overnight comments trimmed those expectations, prompting the dollar to rise from a three-month low against a basket of other currencies in the previous session to 95.843. The index rose 0.1 percent to 96.273.

Against the Japanese yen, for example, traders were bets on options for large positions between 107.50 and 107 yen. In the money market, the yen traded at 107.45 yen per dollar.

The New Zealand dollar gained early gains in London against the US dollar, and the New Zealand dollar gained 0.4 percent to $ 0.6661 from $ 0.6536 after the Reserve Bank of New Zealand kept interest rates unchanged at 1.5 percent at its monetary policy meeting, although it hinted That another reduction was not excluded.

Sterling remained close to a five-month low of $ 1.2669 after Boris Johnson, who is leading the succession of British Prime Minister Teresa Mae, confirmed his commitment to leave the country for the EU either by agreement or without agreement by October 31.

Halabousi to Assistant Secretary of State: Iraq has a leading role in reducing tensions in the region

History of edits:: 2019/6/26 11:27

(Baghdad: al-Furat News) Speaker of Parliament, Mohamed Halboussi, on Wednesday, that Iraq is a leading role in reducing tension and escalation in the region, while pointing to Iraq’s quest to establish balanced relations with the Arab, regional and international environment.

“The Speaker of the House of Representatives Mohammed Al Halbusi received today, Deputy Assistant Secretary of State for Iraq Affairs and Iran Andrew Beck, accompanied by US Ambassador to Baghdad Matthew Toller,” the Information Office of Halaboussi said in a statement received by Al-Furat News.

The meeting discussed the political developments in the country, the success of the Council of Representatives to complete the cabinet cabin and vote on it, and discussed the political situation in the region, stressing the independence of Iraq and its integrity, territorial integrity and its leading role in the region to reduce tension and escalation and establish balanced relations with its Arab environment. Regional and international, appreciating the role of the International Coalition in Iraq and its support for the Iraqi security forces. ”

“The meeting also discussed the importance of activating investment and economic cooperation between the two countries in various fields, including energy and electricity, which contributes to the provision of services and job opportunities for citizens.”

For his part, Assistant Undersecretary of the US Secretary of State stressed his country’s keenness to “support Iraq and its independence to be a safe and able to fulfill its responsibilities towards its people,” expressing full readiness to “increase cooperation in all economic, development and security.”