Iraq 3-day conference aims at enhancing the Iraqi economic situation ...

May 24, 2011

BAGHDAD, The Iraqi Parliament patronized today the Conference on the Economic Future of Iraq, in cooperation with the United Nations and the International Bank.

The 3-day conference aims at enhancing the Iraqi economic situation and provision better chances for development.

Parliament Speaker Usama Nujaifi said that "Iraq has turned to the world's garbage dump through bad commodities that were imported, a matter would have not existed were it not for legislative shortcomings."

He added that new legislations will be made to rectify the situation.

Nujaifi called for re-activating factories and provide their protection, in order to make the Iraqis a productive force rather than a consumptive one.

UN envoy Ed Melkert stressed the importance of economic and political reforms, pointing to UN support to future stages in Iraq.

He designated five goals that will put Iraq at the center of progress.

These include decreasing unemployment among the youths, consolidating democratic rule through free formation of societies and associations and social justice via just distribution of wealth, where the workers will have their share.

The regional director of the International Bank in Iraq, Heidi Larbi, pointed to the importance of activating the infrastructure and liquidate institutional obstacles.

He added that Iraq needs 500,000 work opportunities each year, calling to enhance the private sector.

"The inflation of the public sector, increase in salaries, lack of legislations and non-partnership between the public and private sectors, all negatively affect the development of the private sector," he added.

The firs day's topics concentrated on reviewing the latest results of International Bank report on the activities and work in Iraq, as well as discussing labor and social security law and the future proposed law .

Many ideas and view points were put down to combat obstacles facing economic development in Iraq, as well as those related to obstacles facing the implementation of economic projects.
http://en.aswataliraq.info/Default1.aspx?page=article_page&id=142745&l=1

United Nations calls on the Iraqi government to carry out economic reforms and the elimination of unemployment

May 24, 2011

United Nations calls on the Iraqi government to carry out economic reforms and the elimination of unemployment
Alsumaria News / Baghdad

Invited the representative of the Secretary-General of the United Nations in Iraq ed Mleckert, Tuesday, the Iraqi government to carry out economic reforms and the elimination of unemployment and achieving social justice through the application of the principle of equal opportunities, stressing that the building of the future good of Iraq requires a good economy and a free market.

Said Ed Mleckert in a speech during the Partnership Conference on Economic, Social and Iraqi government, which was held at the parliament building today, and attended "Alsumaria News", that "there are things that are necessary to carry out reforms in the economy the most important provision of social security for workers and to achieve social justice through the application of the principle of equal opportunities" , and expected to "come up a good outcome of the Conference of the Iraqi economy to the stage of prosperity after the economic reforms required to achieve."

The Mleckert "The conference will discuss how to improve the situation of workers in Iraq, and end unemployment and the entry of Iraq into the global market to be an actor in the international economy," noting that the conference will "discuss how to rebuild the workers to their true role in the management of machines for the advancement of the Iraqi economy."

He Mleckert that "the process of building a good future for Iraq requires a good economy and a free market," pointing to "the importance of actions taken by the Iraqi government in the fight against financial and administrative corruption in all institutions."

The head of the Iraqi Council of Representatives Osama Najafi, said in his speech during the opening of the Partnership Conference on Economic, Social and Iraqi government, which was held at the parliament building today, that Iraq has turned over the past years to the market to waste the other world through the supply of goods corrupt and bad, noting that the House of Representatives is determined to put legislation to end those problems.

The Iraqi Prime Minister Nuri al-Maliki in a speech at the Business Forum Czech Iraqi investment, which was held yesterday in Baghdad, that Iraq is able to provide a security environment that is valid for the start of the movement-building and investment in the whole country, calling for Czech companies to invest in Iraq.

The Ministry of Labour and Social Affairs stressed, on Sunday, that available statistics indicate a million unemployed, while it showed the process of legislation the new Labour Code, which gives priority to serving the Iraqi work and guarantee their right to the full.

Iraq has been since the 25 of last February, demonstrations traveled around the country calling for reform and change and the elimination of unemployment and rampant corruption in the joints of the State, organized by the youth of university students and intellectuals are independent across social networking sites on the Internet, and saw those demonstrations narrowing by the security services and the imposition of a curfew to prevent the arrival of the demonstrators also witnessed a shooting by the security services, resulting in numerous deaths and injuries among the demonstrators.

Gave the Iraqi Prime Minister Nuri al-Maliki, on 27 February last, the ministries and provincial administrations hundred days to assess the work and know the extent of their success or failure, stressing that the ministries will see significant changes according to evaluation results.

And threatened the President of the Iraqi Council of Representatives Osama Najafi, last March, the withdrawal of confidence from the current government and drop what does not meet the demands of citizens, as well as the confidence of every minister could not carry a rate of 75% of programs designed for the ministry, which promise a coalition of state law is an attempt of Nujaifi to draw his role is greater than its real role.

It is noteworthy that Iraq suffers from high unemployment, both among young people who are unable to work or between university graduates, especially after the entry of a large number of foreign workers into Iraq, and believed by some economists that the statistical estimates issued by the Central Bureau of Statistics do not necessarily reflect the reality that already exists.

http://alsumarianews.com/ar/3/22182/news-details-Iraq%20business%20news.html

Maliki calls for spending to represent the country's wealth ...

Maliki calls for spending to represent the country's wealth

Confirmed that the management of services must not only be a central
BAGHDAD - morning

Prime Minister Nuri al-Maliki, the concerned authorities to expedite the advancement of the national economy and increasing per capita income of Iraq through the optimization of investment and spending of the wealth of the country.

Maliki said in his speech yesterday at the first annual conference of the General Federation of cooperation: The «Iraq is not a poor country, but when management is managed wisely and give the citizen the performance of its role in carrying out its responsibility towards the nation.

When turning the central administration to the pot and rope stifling the will of the institutions, companies and businessmen and creativity popular, it will turn the whole country into a paralyzed state.

He pointed out that «the wealth management and services should not be centralized only, but local governments should share it as part of the citizen, through a tender that can be made in the area of ​​service that require integrated efforts, perseverance and initiative, calling to work the principle of cooperation in all spheres of economic, political, security, social and educational.

Prime Minister continued: When we ask the Government to provide .. We must ask ourselves what we have, If what we have presented a large, we say yes we are partners with Tkdmoh, but if we stay standing on the hill and curse the days and the administrator must initiate and provide and are responsible, no one can shoulder the burdens of the legacy of historic heavy devastation and suffering, injustice, poverty and deprivation, which can not be measured by what is in Iraq from the services and welfare and the level of income per capita wealth of Iraq and a great potential », calling on everyone not to talk about the negatives only, saying in this regard: Yes, in Iraq, the downsides, especially in services because the infrastructure destroyed, when Iraq was under siege because of the policies of the former regime and his adventures senseless.

He added by saying:« We hear from a lot of media focus on cash, which is necessary, but when it is objective and not partisan backgrounds of sabotage and political opposition », adding that« democracy in Iraq is not a requirement for all people, where some still think centralized rail and one-party, national and community-one of these critics, this is Didnhm and have the media they use in the face of the State in which they object on them, but my confidence and I hope the children of the people is very large, to live up to the level of constructive criticism.

Maliki urged to fight corruption and the corrupt, noting that «if the Left terrorism and his brother, corruption is not able to the security agencies alone to fight terrorism and institutions of integrity, transparency and financial control can fight», saying that the corruption when it occurs and to be up to institutions to verify and check the damage and the defect may have occurred . So on the citizen and the official be the eyes of the government and its institutions before the occurrence of corruption and pointing to the spoiler, which hinder the projects that service to the people.

For his part, said government spokesman Ali al-Dabbagh: The« There is a national responsibility and honesty on us to strengthen the cooperative sector, which suffered what has been him from the chaos and indiscipline almost kills what is left of it.

Dabbagh said in a speech at the founding conference of the first of the General Federation of cooperation that a group came to the Union through free and fair elections to take over the responsibility of the General Union of cooperation.

And Icherkoni with them in supporting their efforts by Achtsrnaha slogan of this conference that cooperation detailed important to support the national economy, including its services to segments of the staff and people with limited income in the housing sector, services, and support of consumer goods, and provision of premiums comfortable fit and the income level of participants (the General Federation of cooperation) through association that exceeds the number of (700) associations spread in all Iraqi provinces.

Dabbagh said that« the Union will work to provide support in the field of agricultural marketing for farmers after the submission of support for agricultural inputs of fertilizer and seeds », calling the prime minister to support the union and start to perform its role and its work and responsibility .

http://www.alsabaah.com/ArticleShow.aspx?ID=6576

 

Iraq, U.S. and UN ~ Iraq will open two accounts in the United States for the filing of its oil revenues

Snip from related article ~ The government has also asked the central bank to open accounts before May 1 to transfer funds from the U.N.-mandated Development Fund for Iraq, or DFI. The DFI, which was set up after the 2003 war to handle oil and other revenues, has been protected against claims by a U.N. resolution that expires on June 30  http://www.zawya.com/story.cfm/sidZW20110302000167

Iraq will open two accounts in the United States for the filing of its oil revenuesBaghdad, Iraq has agreed to open two accounts in the United States for the management of revenues, especially oil, after the closure of the Development Fund for Iraq in June 30, where it deposits all revenues, which had been opened after the U.S. invasion of Iraq in 2003.
And will deposit the Iraqi government in one of these accounts 95% of Iraq's revenues will be deposited in saluting the second account in 5% of revenues in order to pay the compensation awarded to Kuwait for the 1991 war, according to UN Security Council resolutions.
He said government spokesman Ali al-Dabbagh told AFP that "Iraq will be presented proposals which were adopted by the government on Monday evening to the UN Security Council in the first of the month of May next for approval."
"If what has been approved by the United Nations, the plan will come into force on the first of July next," adding that "accounts will be under the protection of the Fed U.S. to avoid imposing more compensation and Sidaran by the Central Bank of Iraq."
These two accounts and will replace the "Development Fund for Iraq," where shall be deposited all revenues from Iraqi oil exports, which opened after the U.S. invasion of Iraq in 2003 based on UN Security Council resolutions.
The Iraqi Council of Ministers requested recently by the Central Bank to open accounts immediately for the transfer of money + the Development Fund for Iraq + before the first of May and the agreement on the mechanism of "specific and transparent," to withhold five percent of compensation approved by the United Nations to Kuwait.
http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.babnews.com/inp/view.asp%3FID%3D38111&prev=_t&rurl=translate.google.com

Economists call to activate (Visa card and Alcardt Kart)

Note:

TBI has a sound credit policy in place, and among the many other 'firsts' the bank can claim is the introduction of Iraq's first fully automated online banking system, being the first Iraqi bank to issue VISA credit cards, and the development of the first nationwide network of ATMs in the country. TBI is also the most experienced Iraqi bank in the issuance of Letters of Credit and Letters of Guarantee.

TBI says it is now introducing modern, innovative products and services to the Iraqi market. These include Project Finance, Salary Accounts, Saving Accounts, and Credit Cards.

__________

March 22, 2011
Economists call to activate (Visa card and Alcardt Kart)
Baghdad (news) - called specialists, economists for the activation of the Iraqi banks by offering (Visa card, and Recognizing Kart), which are still very few in Iraq, which help to increase investment and promote economic reality, which would enhance the trade exchange between the Iraqi and international markets in addition to the necessary steps to expand and develop the Iraqi banking sector.

The expert confirmed full of Baldawi (of the Agency news): "The Iraqi citizen has become a more confident Iraqi banks than it was previously, although the Iraqi banks is not qualified enough to offer my services are excellent."

Baldawi and explained why people fear formerly of saving their money in banks is the fluctuations that had occurred as a result of wars and the disposal of government money, banking, But now banks are responsible for compensation in the event of any contingency. "

Alkhbayrpalaguetsadip said: "It is the most important things that are supposed to do in Iraq is (Visa card, and Recognizing card) for ease of carrying large sums of money, which is still carried in his bag of Iraq, calling for the granting of loans that help the private sector."

For his part, said director Abdul Aziz Hassoun, the Association of Banks (the Agency's news): The number of dealers with Iraqi banks has increased and as a result of the growing needs of the many.

He pointed out the importance of reducing interest rates to move the economic cycle, and attracting investment, promoting capital migratory addition to the facilities granted to the international banks to open branches in Iraq.

Hassoun said: "The growing number of individuals in dealing with Iraqi banks was caused by increased use of banking service, which began to increase in the Iraqi market, in addition to the transfer service and raise funds to increase savings."

Hassoun said: "The very important element of trust between the individual and the bank which we have been strengthened at this time through the increase in filings, calling on banks to provide service to the citizen through e-banking", which is now available in more countries in the world.

Alyzlk said an economic expert Sumaisem peace: "There is always a spoken phrase (you can find out the degree of development of community banks, the degree of development of the system), and the banking system is basically the artery is to our daily lives."

She said Sumaisem: "The community development and now do not deal with money, but there Kartat credit, called the (Visa card, and Recognizing Kart), located in all States advanced technology, but in Iraq is still the Iraqi banks suffer from a shortage of the banking system, which suffers from old ways and does not have a system ( Akinkh) any banking transaction which affects the work of investors.

She Sumaisem: "The government banks monopolize the issue of appropriations and Atattiyha to private banks for their role that has remained frozen, but the Bank (tpi) established by the Government of Iraq post-(2003) built on the basis of sophisticated and modern mimic the pattern of banks in developed abroad."

She Sumaisem to the state saw in one of the countries in the process of facilitating Arab banks with difficulty in Iraq, said a Lebanese bank has many branches you can withdraw and deposit money in one of its branches in Doha while the Bank of Iraq, in Baghdad did not allow me to withdraw the amount of it from Oman this one constraints imposed by our banks ".
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.ikhnews.com/news_view_10332.html&rurl=translate.google.com&twu=1

Completion of designs for building the largest shopping mall in Baghdad ~ Trade: Near to Pay the Full Dues Suppliers Ration ...

10/01/2011Trade: Near to pay the full dues suppliers ration

Completion of designs for building the largest shopping mall in Baghdadبغداد - الصباح BAGHDAD - morning

Department of Commerce announced that the next few days will close the file of providers of receivables arising from the ration card items Bzmtha permanently, as revealed to complete the designs of the largest shopping mall in the country hoped its implementation on the territory of the Baghdad International Fair.

The general director of a company of foodstuff trade ministry, Saad al-Hamdani told a news briefing: that the company has taken practical measures to end the file your belongings processors, adding that the coming days will pay all dues owed by the company for the years previous. For his part, general manager of exhibitions and commercial services in the ministry Sadiq Hussein in a similar statement that the company and in coordination with Iraqi companies, completed the designs for the administration of the largest commercial and financial center on the land of the Baghdad International Fair has the halls of art for display as well as a large hotel seven stars and the Mall of sophisticated addition to entertainment centers and commercial as well as a palace for the conferences in one wings of the commercial center and an arena for aircraft landing.

He explained that the process of building the Centre is through investment cost exceeding $ 350 million, after it is obtaining the approval of the official authorities, stressing that there are positive indications of the work on this project during the period of very close.

Sultan pointed out that the Ministry is seeking during the next term for the development of commercial centers in Baghdad and the provinces and the establishment of all areas of specialized exhibitions in coordination with the provincial councils.http://translate.google.com/translate?hl=en&sl=ar&u=http://www.alsabaah.com/&sa=X&oi=translate&resnum=1&ct=result&prev=/search%3Fq%3Dwww.alsabaah.com%26hl%3Den%26client%3Dmozilla%26rls%3Dorg.mozilla:en-US:unofficial

The advisory board put a map of the economic reform

10/01/2011

The advisory board put a map of the economic reform

بغداد- الصباح BAGHDAD - morning

The economic expert on behalf of that beautiful body of advisers to the prime minister will lead a major project of economic reform.

He's beautiful (news): that there is a big project will be led by the advisers will serve as a road map for economic reform, which deals with all the projects in state institutions, pointing out that the project includes the rehabilitation of factories and the Ministry of Industry to implement the (192) projects.

He beautiful that the factories of industry (to suffer from interruptions and poor production and allocations over seven years, which led to the thinking in the restructuring of these factories to make them vital and productive, calling for private sector involvement in these projects in collaboration with the Ministries of State.

He nice to economic reform needs to be five years for the advancement of new, particularly that Iraq possesses huge wealth from oil and agricultural land need to be enlightened and sophisticated minds ..
http://www.alsabaah.com/