KTFA

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Newspaper: Abadi agreed to meet Sadr’s requisite to retain premier post

by Mohammed Ebraheem Jun 26, 2018, 1:14 pm

Baghdad (Iraqinews.com) – Iraqi Prime Minister Haider al-Abadi has agreed to fulfill a condition set by Shia cleric Muqtada al-Sadr to retain his post as prime minister in the new government.

According to Alkhaleej Online, Sadr his requested Abadi to withdraw from the Islamic Dawa Party to enter into an alliance and allow him to retain his prime minister’s post.

The long-awaited alliance deal between Abadi’s Victory Alliance, which came third in a May parliamentary election, and Sadr’s Sairoon list, which won the largest number of seats, is expected to help in forming the new government after weeks of political tensions as a result of vote-ragging.

Al-Sadr’s Sairoon coalition won 54 parliamentary seats in the May 12 parliamentary polls, followed by an al-Hashd al-Shaabi-linked coalition (47 seats) and Abadi’s Victory bloc (42 seats), according to the election commission.

​The vote results, however, have aroused widespread fraud allegations.

Al-Sadr’s coalition did not win the majority needed to form a government alone but will play a primary role in selecting the next prime minister.

Al-Sadr said earlier he hoped to establish a “technocrat” cabinet far removed from narrow sectarian biases.

Known for his hostile approach to the U.S., al-Sadr is one of few Shia leaders who don’t have close ties with Iran.    link

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Samson:  Sanctions on Iran raise oil prices

27th June, 2018

According to the agency “Reuters” news agency on Wednesday that oil prices jumped by 2% on the back stop import of Iranian oil because of US sanctions.

Oil contracts jumped more than 2 percent on Tuesday, and US crude crossed $ 70 a barrel for the first time in two months as Washington urged its allies to halt imports of Iranian oil, which would curb global supplies.

The market continued to climb in subsequent trading on the settlement after the US Petroleum Institute said crude oil inventories in the United States recorded a sudden drop of 9.2 million barrels, well above expectations of a decline of 2.6 million barrels.

Global Brent crude <LCOc1> rose $ 1.58, or 2.11%, to settle at $ 76.31 a barrel. 

US crude futures rose $ 2.45, or 3.60%, to settle at $ 70.53 a barrel.

In subsequent trading on the settlement, Brent continued to rise to $ 76.61 a barrel while US crude rose to $ 70.76 a barrel.    LINK

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Samson:  The Arab International Banking Summit will kick off Thursday in Paris

27th June, 2018

The Arab Banking Summit of 2018, under the title of “Medium Banking Dialogues” for the period from 28 to 29 June, will be held in Paris on Thursday, and will be organized by the Union of Arab Banks under the patronage of French President Emmanuel Macaron.

The Arab Banking Summit will be attended by finance ministers from Arab countries, the governors of Arab central banks, the Association of Iraqi Private Banks and a number of government and private banks.

The Arab Banking Union will discuss the evaluation of the Arab and Mediterranean banking relations and what is needed to formulate initiatives between the public and private sectors to strengthen these relations and open channels of cooperation, trade and bilateral investment, “the Union of Arab Banks said in a press release. “Recent events around the world have hindered opportunities for bilateral cooperation and investment and have created a state of tension between regional neighbors in the Arab, European and Mediterranean regions where the need is needed to enhance confidence among them to do business and Banking “.

“The aim of this summit is to facilitate dialogues and discussions between banking and financial leaders, as well as government officials and others from the public sector. The topics will focus on Mediterranean banking relations, regional security, education and the environment, For medium and large companies, including those operating in the gas, oil and water sectors.”

“The summit will focus on crystallizing some ideas on new areas of partnership that could put the Arab and international economies and businesses on the right track towards sustainable growth and prosperity.

It will also inform the Arab and international community of sponsoring institutions that will have the opportunity to present Products that distinguish their organizations from a high-level audience.”    LINK

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Samson:  A senior Iraqi delegation to participate in the 2018 Arab International Banking Summit

27th June, 2018

A senior Iraqi banking delegation will attend the 2018 Arab International Banking Summit in Paris on June 28-29, entitled “Medium Banking Dialogues”, in the presence of central bank governors in a number of Arab and Western countries as well as Arab banking figures

The participation of the Governor of the Central Bank of Iraq Ali Alaq and the President of the Association of Iraqi private banks Wadih al-Hanal and representatives of 10 Iraqi banks

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, in an interview with “Economy News“, “The participation of the Iraqi delegation in the banking summit is a good participation that will result in several decisions, including the opening of the Iraqi banking sector to global banks, which facilitates the process of trade between Iraq and science as well as the entry of investors to the country, pointing out that” the Iraqi delegation was very important by the leaders of the banking summit as well as foreign Arab delegations. “

He added that “the Iraqi delegation includes the governor of the Central Bank of Iraq, Ali Alaq, and the President of the Association of Iraqi private banks, Wadih al-Hanal, and a number of Iraqi banks.” 

For his part, the Secretary-General of the Union of Arab Banks Wissam Fattouh commented on the summit that it is “the largest Arab international banking summit for 2018, one of the most important international conferences.” 

He pointed out that “the invitations were at the level of heads of Arab banks and officials of major international organizations, including the Organization for Economic Cooperation and Development OECD, Le Figaro, Union of European Banks” Brussels, “Paris Europlais, Francophone Banking Union, the Network of Financial Integrity in America, Financial Services, International MasterCard, the global financial support institution for children and youth in Amsterdam

He explained that the Union aims at establishing a Mediterranean Arab region for financial and banking cooperation under the name of Mediterranean Banking Dialogue Conference”, to include the Arab countries surrounding the Mediterranean Sea, such as Morocco, Algeria,Libya, Jordan and Lebanon, as well as European countries, Spain and France.

“He stressed that” this conference will have a positive impact on the region economically and is complementary to the Conference, “Cedar,” hoping to “strengthen Banking and Commercial Relations Between the Arab and European world, “adding that” other topics such as the Mediterranean region and the financial culture in our region will be addressed
LINK

Samson:  Hope Bus for At-Risk Kids in Iraq

27th June, 2018

The Iraqi Children Foundation intervenes in the lives of children who are vulnerable to abuse, neglect, and exploitation by criminals, human traffickers, and extremists. Street lawyers offer legal protection to orphans, street kids, and children displaced by conflict. Social workers provide help with trauma, health care, abuse, and child labor.

Now, a brand new mobile center – the “HOPE BUS” – offers tutoring, nutritious meals, psychosocial care, life lessons, and fun to at-risk kids.

Challenge

At the end of the Iraq War, there were an estimated 800,000 orphans. Approximately 1.4 million kids were displaced by ISIS violence.

Thousands of kids work, some begging or selling items on the streets, collecting cans at trash dumps. or working in other risky jobs. Many suffer from trauma and lack key legal documents to go to school and get food or other benefits. These kids are at great risk of abuse, neglect, and exploitation by criminals, extremists, and human traffickers
Solution

The street lawyers work closely with neighborhood leaders, police, and judges to defend kids who are arrested. They get legal documents for kids to go to school and get food and other benefits. Social workers address issues of trauma, healthcare, abuse and neglect, and help families start small businesses so kids can stop working at the dump or begging.

Now, the new HOPE BUS delivers tutoring, nutrition, trauma care, and fun to these children!
Long-Term Impact

Street lawyers, social workers, and HOPE BUS teachers change lives. Ahmed (16), who lost his dad to a suicide bombing, was arrested for a stealing a motorbike he used to deliver food as the family breadwinner.

A street lawyer proved the bike was stolen before Ahmed bought it and he was released to support his family. A social worker helped rescue orphan Noor (13) by dissuading an aunt from marrying her off for money and helping them start a home business.

Now the HOPE BUS joins the mission!

Additional Documentation
This project has provided additional documentation in a PDF file (projdoc.pdf).
LINK

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