US extends its support and assistance to Iraq and Kurdistan for two more years




Iraqi forces

2019/09/29 13:59:51

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The US consul in Erbil has sent a letter of understanding and joint action to the ministry, the Peshmerga Ministry in the Kurdistan Regional Government announced Sunday, adding that the Pentagon has extended the memorandum of understanding to support Iraq and the Kurdistan region for an additional two years.

Peshmerga Minister Shoresh Ismail received the US Consul General in Erbil, Stephen Vision, adding that the Pentagon’s decision to extend the memorandum of understanding to support the Iraqi army and Kurdistan Peshmerga as part of the Iraqi defense Two more years.

The statement added that the Peshmerga Minister praised the current and previous efforts and steps of the US forces and their government, which had a prominent and influential role in cooperating with and sending aid to the Peshmerga forces in the face of terrorism and terrorists in the region.

He pointed out that this resolution demonstrates commitment, loyalty and sincere joint action towards maintaining security and stability in the region.

The statement pointed out that the US Consul General in Erbil pointed out during the meeting that the decision to extend the memorandum of understanding will have an impact in continuing to provide assistance and support to the regional government and Peshmerga forces in a way that shows that America wants a positive factor between Erbil and Baghdad in the development of relations and address problems between the two sides.


Washington extends aid to Peshmerga for two years

Baghdad / News:

The Peshmerga Ministry announced the extension of US support and assistance to Peshmerga forces for another two years.

According to a ministry statement on Wednesday, Peshmerga Minister Shoresh Ismail received today the US Consul General in Arbil, Stephen Vision, where the two sides discussed the decision of the Pentagon to extend support to the Peshmerga forces.

According to the statement, the United States reaffirmed its support for the army and Peshmerga forces, and extend assistance to the Peshmerga forces for two years as part of the Iraqi defense system.,15700021,15700043,15700186,15700191,15700253,15700256,15700259&usg=ALkJrhhRZYBH-QVOyOqZcr5CxY_tdPpXHQ

Baghdad allocates more than 600 billion dinars to the Peshmerga

Release date:: 2019/9/29 18:34 • 155 read times

(Baghdad: Euphrates News) The Rapporteur of the Committee on Energy and Natural Resources in the Parliament of Kurdistan Sarko Azad, the monitoring of more than 600 billion dinars for the Peshmerga forces by Baghdad.

Sarko Azad said in a press statement that “the federal government expressed its agreement to send salaries of nine months to the Peshmerga forces,” explaining that “the agreement between Baghdad and the region in the interest of both sides.”

He added that “Defense Minister Najah al-Shammari requested a list of staff of the Ministry of Peshmerga,” pointing out that “the region will send this week a list of staff of the ministry.”

Azad confirmed that “Baghdad has pledged to send salaries of nine months to the forces of Kurdistan Peshmerga,” noting that “the total amount of 612 billion dinars.”

Finance Minister: Our cooperation with China will be within the framework of oil for projects and technology

 money and business

Economy News _ Baghdad

The Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein, Sunday, that Iraq’s cooperation with China will be within the framework of “oil for projects and technology.”
Hussein said during his hosting at the “Rafidain Forum”, that “began to restructure the Iraqi economy by activating the sources of non-oil imports and reform of banks and government institutions and create jobs for young people and support local governments to improve the quality of services.”
He added that “our cooperation with China will be within the framework of” oil for projects and technology “with emphasis on creating jobs for our young people, and we will identify strategic projects and choose large companies.”

Abdul Mahdi receives the names of education candidates and revealed the date of arrival to Parliament


Release date:: 2019/9/29 15:47 
(Baghdad: Euphrates News) Revealed a member of the Education Committee of the House of Representatives Huda Jarallah, the handover of the names of candidates for the post of Minister of Education to Prime Minister Adel Abdul Mahdi.
The MP Jarallah said in a press statement, “The Parliamentary Education Committee sent the names of candidates for the post of the Federal Ministry of Education to the Presidency of the Council of Ministers, likely to have other names.”
She noted ” the requirement of Abdul – Mahdi, to be the candidate for the post of Minister of Education, from the inhabitants of the city of Mosul and the feminist element , ” noting that ” the position fits {Arab Project} which is headed by Khamis dagger.
It confirmed that” the candidate for the post of Minister of Education name will arrive in the House of Representatives on 5 October I come next.

Iranian bank opens 7 branches in Iraq


 2019/09/29 06:59:09

The head of the Association of Private Banks, announced the issuance of an Iranian bank licenses to open seven branches in Iraq, in the framework of export subsidies to the latter.

In a speech at the Forum on “Export Finance for the Iraqi Market” on Sunday, Kurush Prizian said that the private Iranian bank, did not mention his name, has obtained the necessary licenses from the Central Bank of Iraq to open 7 branches, where two branches have been established, with a capital of $ 50 million each.

The President of the Association of private banks and credit institutions of Iran, that the Association is ready to form a consortium (alliance) to finance export projects such as technical and engineering services for Iraq.

Association of Private Banks Holds a Course on “Measuring Financial Risks and Bank Troubles”


Side of the course. “Economy News”

Economy News – Baghdad

The Association of Iraqi private banks, on Sunday, “a course to measure financial risks and bank default according to the analysis of financial statements.”

More than 25 trainees from a number of government and private banks participated in the five-day course.

The course aims at introducing the skills and tools needed to analyze the Bank’s financial information and assess its financial situation to assist management and other stakeholders in making decisions.

Participants will also be able to demonstrate skills in using ratios, financial analysis, interpreting the financial position of the company, as well as understanding and evaluating the Bank’s financial evaluation process.

The Central Bank repays the eighth installment of bank creditors


Economy News _ Baghdad

The Central Bank announced on Sunday, the payment of the eighth installment of bank creditors, indicating that the creditor resulted from deposits of cash banks in the branches of Erbil and Sulaymaniyah.

The bank said in a statement received “Economy News” a copy of it, “The Kurdistan Regional Government paid the eighth installment of creditors banks, as the Central Bank of Iraq to settle the amount of the eighth installment of credit banks open accounts in the branch of the Central Bank of Iraq in Erbil, and those originated Creditors for cash bank deposits in the Erbil and Sulaymaniyah branches.

He explained that “credits originated when the branches (Erbil and Sulaymaniyah) were linked to the Ministry of Finance in the Kurdistan region.”


Babylon Bank reopens Mosul branch


The location of the bank in the province of Nineveh

Economy News – Baghdad

Babel Bank announced on Sunday the reopening of its branch in Nineveh province on Tuesday.

The bank said in a brief statement received by “Economy News”, “The bank decided to reopen its branch in the province of Nineveh after the completion of liberation operations in it.”

The statement added that the opening will be on the first day of next month (01/10/2019), pointing out that the bank’s branch is located “neighborhood light opposite the Sky Mall.”

Tomorrow the launch of «Project Iraq» with the participation of 300 companies


 money and business

Economy News _ Baghdad

The 13th edition of Project Iraq will kick off Monday in Erbil with the participation of 300 companies from 24 countries. 
The director of the company (IFP) organizer of the exhibition George Al-Khouri in an interview with Kuwait News Agency (KUNA) and seen by the “economic news”, that the Erbil International Fair is a trade fair and a safe entry gate to Iraq in general and the Kurdistan region in particular. 
He added that the exhibition attracts local and international companies to explore trade opportunities in various Iraqi markets and stimulate bilateral trade relations with neighboring countries and the world. 
He explained that the Iraqi agricultural food exhibition has established a place in the Middle East as a leading platform in the field of products and technologies related to food and agriculture. 
According to El Khoury, the exhibition will support demand and access to international markets and will cover the stages of the food production cycle from harvesting to processing and packaging to distribution. 
He stressed that the event provides a substantial and central platform for local and international professionals in the agriculture sector to showcase and explore agricultural products, specialized equipment and machinery as well as new technologies and solutions.