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Samson:  Saleh sends a message to the nations of the world: Enough wars us

9/21/2019 22:56 

The President of the Republic sent a message of peace in the name of Iraq to the nations of the world.

"On World Peace Day, Iraq carries the message of peace to the nations of the world," Saleh said in a tweet on Twitter.

"Where Iraq aspires to security, peace and freedom, it will end killing, abuse and corruption. We hope that the language of peace will prevail in our region and the world." "We have enough wars, let us go to reconstruction and serve the people," Saleh concluded.  LINK



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Samson: Economist: This is what Abdul Mahdi will do in China

9/21/2019 21:01 

The economic expert counted Prime Minister Adel Abdul Mahdi's visit to China "protocol", while revealing the real purpose of this visit. "Since 2003 until now, all the investment conference and the latest conference in Kuwait have not yielded anything because of the internal situation," said Majid al-Suri. Indicating that "Abdul-Mahdi's visit to China aims to see the developments of this country to improve the infrastructure of Iraq, most notably the dilemma of electricity."

He added that "the main goal of Abdul-Mahdi's visit is Sami to link with China," noting that "the problem is not the desire or agreements, but are we able to secure the development process and provide a favorable atmosphere for investment in Iraq?". He continued, "Iraq will not sign in this visit contracts or agreements, but will sign memoranda of understanding only during the next two days," wondering "how many memorandums of understanding signed and did not apply due to political and economic circumstances because of the absence of Iraq's economic identity?". "The visit is usually for the general development of China, and has brought with it economic figures, including agriculture, industry, finance and others, as well as from the private sector," he said.

On Wednesday evening, Prime Minister Adel Abdul-Mahdi headed a large delegation of the People's Republic of China for a several-day official visit. Prime Minister Adel Abdul-Mahdi arrived Thursday in the city of Hefei in the People's Republic of China at the head of a large delegation to participate in the work of the World Conference on Industrialization.   LINK

Samson:  Chinese bank funds strategic projects in Iraq

2019/22/09 11:24

Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein discussed with the Chairman of the Board of Directors of the Bank (CITIC) Chinese steps to finance strategic projects in Iraq.

A statement issued by the ministry received a copy of the agency (Euphrates News) that Hussein "met with the Chairman of Sitec Bank (Junk your time) accompanied by the Ministers of Transport and Electricity and the Governors of Baghdad, Basra, Karbala, Wasit, Diyala, Anbar, Maysan, Governors of Erbil, Sulaymaniyah, Dohuk, Wasit and Dhi Qar."

The statement added that "during the meeting reviewed the measures that will be taken by the two sides to complete the banking preparation for the second step after opening accounts in order to start financing projects, which will focus on infrastructure projects and strategic projects and internal and external railway networks."

The Iraqi delegation in China is conducting a series of meetings and technical meetings in order to promote economic relations between the two countries.   LINK


Samson Adviser to Prime Minister: Business volume with China will exceed 500 billion dollars
22nd September, 2019

The economic adviser to Prime Minister Adel Abdul Mahdi, on Sunday, that the volume of business between Iraq and China will exceed 500 billion dollars in the next 10 years.

Said Abdul Hussein Hinan in an interview with Alsumaria's News, he said that "the volume of business between Iraq and China target over the next ten years would exceed $ 500 billion, starting from now and from this visit."

It began on Thursday since last September the current 19, an official visit conducted by Prime Minister Adel Abdul - Mahdi to China, accompanied by a delegation comprising ministers, governors and advisers, with a view to holding agreements and understandings between Baghdad and Beijing in several areas, including education, transport, industry and agriculture.    LINK

 Samson:  The Association of Private Banks Organizes a Course "Liquidity Tools in Islamic Banks"
22nd September, 2019

The Association of Iraqi private banks, in cooperation with the Joint Efforts Group and the Central Bank of Iraq, on Sunday, a course «liquidity tools in Islamic banks in accordance with the standards of IFSB

The course, which will last for five days, was attended by 20 trainees representing a number of government and private banks

The course targeted the employees of the Risk Management Department, the Treasury Department, and the Accounting Department    LINK


Samson: The House of Representatives and the Parliamentary Finance ... the decision is yours

22nd September, 2019 by Samir Al-Nasiri

In accordance with the amendment of Article 58 of the 2019 Budget Law by setting the date of 10/24/2019 as the last date for the selection of the occupants of special grades and the confirmation of those who are acting or replacing them with others

I believe that the application of this article in a transparent and professional manner and without prior political and personal intentions and in the service of Iraq means that the competent authorities in the government and in the House of Representatives to adopt important and basic criteria starting first and foremost from an evaluation and analytical view of the results of the official in the office during his responsibility and the post Which he and his team were able to achieve national achievements and have a direct impact on the achievement of the central objectives of the previous and current government within the axes of government programs approved by the House of Representatives

In order for our conversation to be clear and specific must be evaluated the results of the work of three main bodies had a prominent role in the economic field and the fight against corruption are the Central Bank of Iraq and the Office of Financial Supervision and Integrity

What concerns us here is the role played by the Central Bank of Iraq and its achievements and luminous points during the lean years (2015-2019) in which Iraq suffered from economic shocks and security and was able to policies, procedures and wise applications of monetary policy to support the national economy and contribute directly to achieve economic resilience A decisive victory over terrorism because military victory cannot be achieved without steadfastness and economic support

Therefore, through the review, analysis and evaluation of the neutrality and transparency of the Iraqi economic situation and in particular what has been achieved by the ministries and economic institutions in Iraq from a competent point of view has been reached facts, evidence, signals and achievements confirm that the Central Bank of Iraq proved to be the first economic institution through the important achievements in supporting the economy And to achieve economic steadfastness and strive to achieve economic stability in accordance with the objectives of the main strategy and subsidiary and this is what he has already achieved

. In fact, it contributed to the achievement of the victory on terrorism and accompanied by another victory is the steadfastness and economic victory, which was the team of the Central Bank of Iraq and the province a key and leading role in achieving it

The economic victory achieved the most prominent results and most important support the state treasury and stabilize the exchange rate and the recovery of the Iraqi dinar and reduce inflation and maintain the proportion of less than (2%) and maintain a cash reserve of up to $ 74 billion is enough by more than 170% as a cumulative accumulation according to the latest standard of the IMF International with gold reserves within an excellent record rate at the global and Arab level according to the World Gold Council

In addition to its adoption of standards and controls consistent with the requirements of international standards in compliance and combating money laundering and financing of terrorism and liquidation of up to 700 international observations registered on the Iraqi banking system and our exit from the monitoring and follow-up area in accordance with the Financial Working Group and strict commitment to achieve the basic objectives and activate and establish new visions of monetary policy

 Policies to restore confidence in the banking transactions of Iraqi banks with Arab and foreign banks, and strive to build a solid banking sector and continue to make extraordinary efforts to improve the banking reputation of financial institutions and organizations The Mechanism and correspondent banks and building strong relationships with the central Arab and foreign banks and international financial organizations and the Security Council's call for the central bank governor in a rare accident to view the achievements in the field of combating money laundering and the financing of terrorism as well as the procedural and organizational, structural and developmental internal policies which aim to achieve a fee

It was all these achievements that called on Arab bankers to elect the governor of the Central Bank as deputy governor of the Arab Monetary Fund at its current session and the chairman of their board in the next session, a living embodiment that Iraq's economy is rising and recovering from its crises and that this is a tribute to the Iraqi people and its economic, financial and banking institutions

The question now is whether Article 58 will be applied in the 2019 budget according to transparency and respect for the principle of public service in the service of society?

 The answer is yes, we hope that, although we have great hope in the members of the Council of Representatives of the Iraqi people, especially the parliamentary finance committee, it is the competent authority, which we trust very much. Certainly in the service of the Iraqi economy   LINK

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