Delta, Walkingstick and More Tuesday Night 5-8-18
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Delta, Walkingstick and More Tuesday Night 5-8-18
KTFA:
DELTA: Economy News Baghdad:
The Central Bank of Iraq decided to open a window in Dar es Salaam Investment Bank to sell foreign currency for purposes of imports from abroad.
The central bank said in a statement to the public site by Deputy Governor Munther Sheikli and briefed by "Economy News", "For the purpose of opening a window to sell foreign currency for purposes of imports from abroad, the Central Bank decided to open a window through the Dar es Salaam Investment Bank (under trusteeship) To submit applications for the purchase of the dollar for the above purpose to go to the bank referred to submit your requests (wink) at a reduced rate.
http://economy-news.net/content.php?id=12227
Rich4hyip: It seems the new rate has trickled down to the corporate level, just like frank said earlier, doesn't it.
....
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Samson: The cabinet will become a caretaker government starting next week
8th May, 2018
The Council of Ministers decided Tuesday to hold its meetings every two weeks starting today, pointing to follow-up projects only approved.
A source in the cabinet told Al-Ghad Press that "the Council of Ministers will become a caretaker government starting next week, which will not witness the weekly meeting."
The source added that "Prime Minister Haider Abadi called on the Council to hold meetings every two weeks once and not every week, based on the transformation of the Council into a caretaker government, until the formation of the next government."
He pointed out that "the Council will follow up the approved projects only, and will not have the authority to legislate international laws and agreements," and the loans scheduled at the Kuwait International Conference for the reconstruction of Iraq, stressing that "the loans voted by the Council of Ministers will be valid and will discuss its projects in the Council of Ministers, The Council will not be able to vote on new loans, until the formation of a new legitimate government." LINK
DELTA: WHERE DID I HEAR THAT…LOL...OH YES ON THE CC I DID TALK ABOUT IT....THE GOV CAN'T PASS ANYMORE LAWS BUT THEY CAN IMPLEMENT LAW THAT WERE PASS..HAS NOTHING TO DO WITH CBI ANYMORE SINCE ALL THE LAWS THAT CBI WANTS WERE DONE...BUT THE CBI HAVE TO MOVE VERY FAST JUST IN CASE.....I DID TALK ABOUT THIS SCENARIO ON THE CC..
Jay: ZACKLY Delta. Family, imo there is no reason to freak out. They can """ ONLY """ deal with projects that were already " APPROVED " <--- DAT is the juice of this article. Imo.
ALSO IMO, this is no different than when our own Government (House & Senate) transitions after an election. Nothing new gets debated, and/or passed until new members are in place. They can only work with what has been passed already.
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Walkingstick: A proposal to trade a quarter of the shares of government banks on the stock exchange Aims to achieve equality of employment opportunities between the public and private sectors
Baghdad / Mustafa al-Hashemi
The specialists in the economic issue from time to time to those responsible for the economic file in Iraq solutions and proposals aimed at contributing to the actual development of productive sectors, whether governmental or private sector.
The economist Abdul Hassan al-Ziyadi proposed to put 25 percent of the shares of banks and state insurance companies and all its economic departments, which would develop the economic process in Iraq and the cycle of cash, at a time when the competent specialist need to get rid of the burdens of state-owned enterprises and put them to investment because it hinders the development process. Developing the economy.
Ziadi presented this proposal during the seminar on reconstruction, development and strategic planning of the country attended by "morning", expressing his hope that "contribute to the development of the economy of the country and the activation of productive sectors to be implemented in deliberate steps to enable the citizen to be an active and beneficiary, at the same time , Of the economic process. "
He explained that "the offer of 25 percent of the shares of banks and government companies winning to subscribe through the Iraqi market for securities and public announcement and encourage trading on them would activate the stock market and revive it economically, on the one hand, and activate the cash cycle by attracting the masses of the public and turning them into national savings active in the process On the other. " Equal opportunities.
He stressed that "this measure will positively affect the national economy in all its aspects and push the private sector towards growth and development to contribute to the achievement of equal opportunities between the public and private sectors, as well as it will reduce the unemployment rate and increase the gross national product to achieve well-being of society and strengthen the foundations of the economy the National".
It is noteworthy that the Public Companies Law No. 22 of 1997 amended article 35 of which "the public company may be converted into a joint stock company with the approval of the Council of Ministers." The law also does not address the issue or listing of shares of government companies in the Iraqi market for securities, A new law commensurate with the proposal aimed at achieving a qualitative leap in the economy to fit the new stage to be accepted by Iraq. Economic feasibility.
For his part, described an economic researcher the work of government companies (the public sector) as a burden that weigh heavily on the financial budget of the state unless the review of its performance and economic feasibility.
The researcher Firas Amer said that "the companies of the losing public sector are now a major burden on the budget of the state financial and prevent the achievement of positive results to promote the economy of the country," stressing that "there are a number of government companies have not been restructured except for a few companies, And urged to invest or privatize it.
" The industrial base and pointed out that " the reluctance of the work of the public sector has led to hinder the development process in Iraq because it is a very large part of the industrial base in Iraq, as it is , the burden on the budget and must be restructured in order to be a catalyst to supplement the general budget of the financial resources of the non - sector oil "He said.
Amer suggested "restructuring the public sector and establishing a development bank that is interested in restructuring the factories while at the same time taking care of the industrial and service sectors in Iraq." He pointed out that "there are three specialized banks (agricultural and real estate) if they were merged into development banks with an increase in capital, Real and real development of the public and private sectors ".
http://www.alsabaah.iq/ArticleShow.aspx?ID=156876
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Walkingstick: The growth of Islamic banks in Iraq
The development of the banking system in any country is one of the signs of the development of the economy in that country. Although some believe that the rapid development of the financial sector in general has become a generator of the financial crises, we find that banks are still the engine of advanced economies even after the global financial crisis But with an urgent need to regulate and control more banks, which is one of the lessons produced by the crisis
.
In this context, some views have emerged regarding Islamic banking, which believes that Islamic banks were the most prominent survivors of the crisis among banks due to the nature of the work of these banks, which makes them converge with the real economy and are in line with the trend of its trading up and down to bear the bank and its customers jointly the results of investment according to the rule of sheep Fined.
Islamic banks have been thinking about Islamic banks since the 1930s. The first attempt was in Pakistan to establish an institution that would collect and lend money to needy farmers without money, followed by a second experiment in Egypt in the 1960s by establishing Islamic savings banks .
In 1975, the Islamic Development Bank was opened in Jeddah.
In Iraq, the start of the Islamic banking business with the establishment of the Islamic Bank of Iraq for investment in 1993, then develop the work of Islamic banks and increase their number, especially after the legislation of the Islamic Banks Law No. 43 of 2015, where the number today to 25 banks, which constitute 33% of the total number Banks in Iraq.
This increase comes in line with the great development witnessed by Islamic banking at the international level. Many international conventional banks have opened Islamic windows to match the increasing demand for this type of product. The value of Islamic banks' assets globally is expected to exceed this year.
Three trillions and a half trillion dollars, and in turn we expect the Islamic banks in Iraq to have an important developmental role, especially with the great potential available to these banks, but this role remains contingent on the ability to overcome the challenges that guide them both in the field of gaining practical experience but Lean or in the field of competitiveness with conventional banks
http://www.alsabaah.iq/ArticleShow.aspx?ID=156877
Samson: Abadi: The corrupt have become restless
14:15 - 08/05/2018
Prime Minister Haidar al-Abadi said on Tuesday that the corrupt in Iraq have become restless by the measures taken by the government, pointing to his quest for a new renaissance in Iraq.
Abadi said in a speech during an election festival in the province of Wasit and followed by "information", "The corrupt in Iraq are getting mad with every action by the government," noting that "the corrupt failed in the face of government action."
He added that "the corrupt were pressing for the collapse of the dinar prices and work to raise prices, but failed to do so," asserting his quest for "a new renaissance of Iraq to restore its past and even better."
Abadi stressed that "the government reduced the privileges of all officials during the last stage," pointing out that "hit the corrupt and the hands with an iron fist." LINK
Crystal: Wow! Thanks Samson. Definitely sounds like he is getting ready to follow this up with a new rate!
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