Some “Iraq News” Posted by Clare at KTFA 11-7-2024
KTFA:
Clare: Iraqi Parliament extends its legislative term until the ninth of next month
11/7/2024
The Iraqi Parliament decided today, Thursday, to extend the legislative session for 30 days, starting from November 9 of this month.
This comes after the member of the Parliamentary Legal Committee, Mohammed Al-Khafaji, revealed to Shafaq News Agency that the current legislative session of the Council of Representatives ends on the 9th of this month, and that its extension for another month is subject to Article 58 of the Iraqi Constitution.
He added that according to this article, the legislative term can be extended at the request of the President of the Republic, the Prime Minister, the Speaker of the House of Representatives, or 50 members of parliament, provided that the extension is approved by a vote of the majority of the members of the House.
Al-Khafaji explained that the extension comes to organize the work of Parliament and approve pending laws, as the past period witnessed repeated postponements in the Council’s sessions and the incomplete agenda.
He pointed out that the extension will provide an additional opportunity for the government to submit the draft general budget law for 2025, which is supposed to be submitted before the end of this year. He stressed the importance of the government taking advantage of this time to avoid the delay witnessed in the budget this year. LINK
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Clare: Rafidain Bank: Implementing the comprehensive banking system in 48 branches
11/7/2024
Baghdad / Rafidain Bank announced the operation of 48 branches, so far, within its comprehensive banking system.
The bank stated in a statement: "The comprehensive banking system is a qualitative leap in the bank's path, as it supports digital transformation and enhances the bank's ability to efficiently meet the needs of wide segments of customers." He stressed
: "This continuous expansion will include more branches in the future, as part of a well-thought-out plan aimed at providing a modern banking experience that contributes to supporting the national economy and meeting the needs of society with distinguished and comprehensive banking services." LINK
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Clare: Central Bank of Iraq celebrates National Job Day
November 07, 2024
The Central Bank of Iraq organized a central celebration of the National Job Day by honoring a number of its creative employees with success stories that contributed to the development of work at the Central Bank of Iraq.
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, and the honorable Representative Dr. Ammar Hamad Khalaf, honored the employees who won the National Job Award, which was organized within the bank and in the presence of a representative of the Prime Minister's Office, presenting them with the award shield, praising their efforts and contributions that enhanced the efficiency of the work of their departments and sections, which was reflected in the work of the Central Bank.
His Excellency urged all employees of the Central Bank to make their efforts to be present on the platforms of job success next year, pointing to the support and honoring of an important category of the bank's employees in the Issuance and Treasury Department next year.
The Chairman of the National Job Day Committee, Dr. Alaa Jamal Abdul Redha, praised the efforts made to make the Job Day a success, indicating that today's celebration is an extension of the ongoing efforts to create a platform to recognize job excellence and dedication in the public sector.
Central Bank of Iraq
Media Office
November 7, 2024
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And receive profits via Zain Cash and FIB “Halal” shares without interest start at $100.. The first company to enter Mosul (video)
11/7/2024
Cultural Group (Mosul)
“Planet of Profit” company manager Harem Ribwar says that it is the first officially registered company to enter Mosul and provide training services for those wishing to trade stocks on global stock exchanges, in addition to providing brokerage services. Ribwar talks about two types of subscriptions, the first starting at $100 for beginners, and the second at $50,000 for professionals, with “completely Islamic and interest-free” services.
The company opened its branch in Mosul in the Cultural Group area on the left side, and works on mediation between the investor and the stock exchange. Today, it has 5 other branches in Kirkuk, Diyala, Erbil, Dohuk, and Sulaymaniyah before opening the sixth branch in Nineveh, while it plans to reach Baghdad and Basra.
Harem Ribwar - Director of Kawkab Al-Rabh Company in Iraq, to 964 Network :
Our company is a broker in the financial markets and is licensed by the Central Bank of Iraq and the Ministry of Trade, where it works as a shareholder with the global company ax finanials limited, registered in Wales.
Our main business is to mediate between clients or investors and global markets, we are the first company to bring electronic trading technology to Iraq, and one of our goals in the country is to change investment to a new and correct path.
We are the first official company to enter Nineveh, and we want to contribute to rebuilding Umm Al-Rabi’een and contribute to employing workers.
We have an academy for teaching trading, and we will hold workshops and training in this field for those who wish, and we will bring the best trainers in the field of trading in the financial markets.
We have a “standard” deposit of at least $100, and a “premium” deposit of at least $50,000. All our accounts are Islamic, meaning they are free of interest, and we take the commission from the bank, not the investor.
We established the company last April and opened the first branch in Kirkuk, the second branch in Erbil, then Diyala and Dohuk, and soon in Najaf, Basra, and Baghdad.
The Nineveh branch staff consists of 10 people with scientific specializations, graduates of management and economics, and software engineers. We grant agencies to our employees or investors, through which they can bring customers and take their commission on each customer, which is 50% of the profits.
We have deposits and withdrawals, which are done at our branches, and delivery and receipt are done through Zain Cash and the Iraqi Digital Bank FIB. LINK
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Clare: Al-Sudani announces the completion rates of the main projects in the Grand Faw Port
11/7/2024
Iraqi Prime Minister Mohammed Shia al-Sudani announced on Thursday the completion rates of the main projects in the Grand Faw Port in Basra Governorate, in the far south of the country.
This came during a sea tour during which he was briefed on the basic projects in the Grand Faw Port in Basra Governorate, accompanied by the Minister of Transport, the Governor of Basra, a number of representatives and advisors, and the Director General of Ports.
Al-Sudani began his tour, according to a statement issued by his office and received by Shafak News Agency, with the five docks, the handover ceremony of which he sponsored today. He then viewed the other projects he started in the container yard and the dock wall, the completion rate of which reached (100%). He then moved to the submerged tunnel, the completion rate of which reached (58.47%), and is considered one of the most important development road projects.
During his tour, Al-Sudani also reviewed the progress of work on the navigation canal, which has reached a completion rate of (77.41%). His Excellency concluded his tour by reviewing the ongoing work on the road linking the port of Faw and the expressway, which represents the beginning of the strategic development road. The progress rate of work on the linking road has reached (92.42%).
Earlier on Thursday, Al-Sudani said during the ceremony to receive the five berths of the Grand Faw Port in Basra Governorate from the Korean company implementing the work, that his government faced "major challenges" in starting to implement the vital development road project, considering the Grand Faw Port project to be one that will transform the historical geographical situation of Iraq. LINK
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Clare: Al-Sudani: The Grand Faw Port is Iraq's largest project
11/7/2024
Baghdad / Prime Minister Mohammed Shia al-Sudani stressed: "The Grand Faw Port is Iraq's largest project," announcing the receipt of the five berths that represent the backbone of the port.
Al-Sudani said in a speech during his patronage of the ceremony of receiving the five berths from the implementing company: "Today we reap the fruits of the effort and follow-up to proceed with the project of Iraq and the people, the Grand Faw Port."
He added: "The project has actually entered the paths of global trade and transport routes that pass through the Middle East region," indicating: "The first phase of the project will be completed next year, according to the timetables."
The Prime Minister continued: "Iraq was and still is a fundamental pillar in the global economy, and today we are facing a new Iraq that begins from the Grand Faw Port, and the development path will be an artery linking most countries in the region."
He explained: "Development and economic transformation are an integrated approach that looks at the dimensions of the country's needs," noting: "The Council of Ministers supported the Ministry of Transport in rehabilitating the railways on the paths of the development path."
He concluded by saying: "Prosperity, providing job opportunities and development windows are among our work priorities, and we will continue to work to support the industry and trade sectors and develop agriculture, and we will expand trade exchange with countries of the world through the Grand Faw Port and the development road." LINK