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News & Comments 12-29-15

Parliamentary Economy: Political control of border ports

Economy and Tenders
Since 12.29.2015 at 10:13 (GMT Baghdad)  Special – scales News   —  It revealed a member of the economic and investment commission parliamentary Najiba Najib, Tuesday, about the existence of influential politicians in control of the border crossing points, as pointed out that the application of the customs tariff law need to take strong measures to control market prices.

http://www.mawazin.net/uploads/files/December-12/29-12/36.JPG

She said Najib’s / scales News /, that “there is coordination and communication between Baghdad and Erbil to hold a meeting for the application of the customs tariff,” adding that “the law would be of great interest to both parties.”

She added, “The meeting will be of the order and not to the order of another attributed the reason to the law in force and binding and the duty of the application,” asserting that “there are great difficulties for the application of the customs tariff”.

She Alynan “Iraq is not in control of the border ports,” asserting that “these ports do not all fall under the federal government’s control.”

She said “there are influential politicians in control of the border crossings,” pointing out that “the application of the law need to take strong measures to control the market prices attributed the reason to be applied without the presence of the control of market prices weigh on the shoulders of the Iraqi citizen.”

She explained that “the new tariffs to be imposed on imported materials to Iraq will be added to those fees on the citizen by trade, making the prices are high in the markets,” calling on the government to “put those ports under its control to be able to apply the customs tariff better and achieve the desired goals of application of the law. “ended 29 quarters e     LINK

[tlm724] Najib, Tuesday, about the existence of influential politicians in control of the border crossing points, as pointed out that the application of the customs tariff law need to take strong measures to control market prices.

[tlm724] that “there is coordination and communication between Baghdad and Erbil to hold a meeting for the application of the customs tariff,” *hallelujah*

[tlm724] “the law would be of great interest to both parties.

[tlm724] The meeting will be of the order and not to the order of another attributed the reason to the law in force and binding and the duty of the application,”

[therealbubbie] :{weigh on the shoulders of the Iraqi citizen.”

[tlm724] the new tariffs to be imposed on imported materials to Iraq will be added to those fees on the citizen by trade, making the prices are high in the markets,” calling on the government to “put those ports under its control to be able to apply the customs tariff better and achieve the desired goals of application of the law.

[tlm724] making the prices are high in the markets,

[tlm724] apply the law and give your people some purchasing power, done !

http://www.bondladyscorner.com/t159538-parliamentary-economy-political-control-of-border-ports

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Calls for consideration of alternatives for oil industry

12/29/2015 0:00  BAGHDAD – Alaa al-Tai  called two economists, to find alternatives to oil to cope with the financial crisis experienced by the country, by adopting the strategy of reform comprehensive include taking a number of decisions to address imbalances and revitalize agriculture, industry and investment sectors.

Financial and economic expert, Dr. appearance of Mohammed Saleh, confirmed that ” The new government strategy aims to carry out a thorough and radical reform to address the imbalance in the structure of the state and specifically economic aspects “, indicating that it was” complete effective steps began months ago to cope with the decline in oil prices.

“He added,” The executive branch proceeded to take measures to support the private sector and move economy and reforms included to facilitate the entry of oil companies by reducing the obstacles and bureaucracy and make it less complex.

“government adviser, revealed the” morning “yesterday” went to the expansion of the financial revenues of the country through the activation of agriculture, industry and investment sectors of the form in which we can cope with the financial crisis in light of processors that is placed with the continuation of oil exports flow significantly from Iraqi ports and through the pipelines.

“He also noted that” those measures has parallel announcement of other decisions issued by the government regarding the rehabilitation of state-owned enterprises and to support the agricultural initiative, “revealing” a government motionless for the involvement of the international community to support Iraq in its war against terrorism.

“promised to Saleh, the expected international support” an important step that reflects the extent of Iraq’s interaction with countries of the region and the world, and his support in the war being waged against gangs (Daash) terrorist.

“For his part, stressed the economic expert on behalf of Antoine in an interview for the “morning” yesterday, the importance of expanding and diversifying imports Iraq financial, and develop a strategy for the management of the country’s wealth is oil.

said Antoine: “Iraq’s dependence on oil revenues is one of the most prominent economic gaps that should be addressed by diversifying the sources of income,” adding that “the promotion of the economy is not easy and requires the promotion of the private sector and giving loans away from corruption.”

He also called for taking effective steps in the field of industry, agriculture and services, which the private sector takes a bigger role, because it is the largest owner of liquidity.

http://www.alsabaah.iq/ArticleShow.aspx?ID=107145

 [tlm724] Saleh, confirmed that ” The new government strategy aims to carry out a thorough and radical reform to address the imbalance in the structure of the state and specifically economic aspects “, indicating that it was” complete effective steps began months ago to cope with the decline in oil prices

[tlm724] ata boy Saleh

[tlm724] went to the expansion of the financial revenues of the country through the activation of agriculture, industry and investment sectors of the form in which we can cope with the financial crisis in light of processors that is placed with the continuation of oil exports flow significantly from Iraqi ports and through the pipelines.

[tlm724] thats it, expand those revenues

[tlm724] “promised to Saleh, the expected international support” an important step that reflects the extent of Iraq’s interaction with countries of the region and the world

[tlm724] said Antoine “the private sector takes a bigger role, because it is the largest owner of liquidity”

[tlm724] indeed the Iraqi’s have some money, well the upper classes anyway and they will spend it IF given the right incentive and legal protection

http://www.bondladyscorner.com/t159556-calls-for-consideration-of-alternatives-for-oil-industry

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Three presidencies agree on the formation of a committee for economic ease the impact of financial crisis              

December 28, 2015 23:55  —  Three presidencies held Monday evening at the Peace Palace in Baghdad meeting attended by President of the Republic Fuad Masum, and the Prime Minister Haider al-Abadi and Parliament Speaker Salim al-Jubouri, the head of the Supreme Judicial Council, Medhat al-Mahmoud

The meeting agreed to form a committee economical experts and specialists Iraqis and others in order to work on the study and mitigate the effects of the economic and financial crisis.

A statement by the Presidency of the Republic announced today that “accept it in a comprehensive manner to the overall political, security and economic developments, with emphasis on the following, paying tribute trophies and victories achieved by our fighters in Anbar province, and especially the military operations that took place in the city of Ramadi, where these operations confirmed the ability of the Champions fighters, at the meeting various configurations, to defeat the criminals, terrorists and liberate the land of Dnassehm,

as the price of meeting dear sacrifices made by the people and armed forces in order to achieve victory in this heroic operations that put Aldoaash in front of the real their size large and their collapse in front of the great strikes of our heroes and proud of all Iraqis, including open it from Full prospects for the Liberation of Iraq’s cities, and especially the important processes that liberated by our troops Nineveh province, dear. ”

He continued, “it was emphasized that the success of the return of displaced persons to some administrative units in Diyala province, an important step to restore the rest of the displaced and displaced persons to their original home areas in all the liberated areas of the existence of Daash and securing supplies such return, was also stressed to take all achieve addressing groups The kidnapping and murder, intimidation and practices of various terrorist and criminal. ”

The participants praised the Arab League’s decision on the level of foreign ministers in condemning the incursion by Turkish military forces in the territory of Iraq and demand the Turkish government to withdraw its troops and not to prejudice the sovereignty of Iraq.

And that “the conferees agreed to form a committee economical experts and specialists Iraqis and others in order to work on the study and mitigate the effects of the economic and financial crisis because of falling oil prices and the development of proposals and solutions that help to it.”

The statement concluded that “the conferees agreed to speed up measures to complete the investigation in accordance with the assets in regards to the accused and to expedite the resolution of the outstanding issues and so as to ensure fairness and compliance with laws and provisions in force.

http://burathanews.com/news/282956.html

 [tlm724] that “the conferees agreed to form a committee economical experts and specialists Iraqis and others in order to work on the study and mitigate the effects of the economic and financial crisis because of falling oil prices and the development of proposals and solutions that help to it.”

http://www.bondladyscorner.com/t159564-three-presidencies-agree-on-the-formation-of-a-committee-for-economic-ease-the-impact-of-financial-crisis
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Executive Director of the Stock Exchange: Lower stock prices during 2015 by 26% due to the financial crisis 

12/29/2015  BAGHDAD / Jassim Al-Karim al-Tai / .. Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam, the existence of a decline of 26% of the stock price because of the financial crisis revealed during the current year 2015, said Abdul-Salam said in a statement singled out by the (agency economic dinars) that the market market index closed at (995 944) points in the first feeler trading and closed at (730 560) points in the last trading of the 2015 session,

the index reached a decline of (26%). Indicating that the reason for this decline is due to the financial crisis in general and Iraq experienced by the world at large particularly as a result of lower oil prices.
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Abdul Salam said that the effects of financial market indicators economic indicators through the capital and the movement of foreign trade and the net trade balance and levels of employment and inflation cycle and the ability of companies to generate profits and to continue in comparison with the potential for investment risk activity,

but the trading indicators in the Iraqi market Securities approached from the expected levels and continued trading mechanisms to achieve investors and shareholders targets are equivalent to the financial position indicators of joint stock companies and the expectations of investors.

and between Abdel-Salam said Iraq Stock Exchange achieved during the current year 2015 Machert in organizing (233) trading session at the rate of five meetings a week as well for inclusion (98) Iraqi joint-stock company with a number of shares listed (8.712) trillion Shm.fima number of shares traded reached 618 billion shares worth 495 billion were traded through (120.978) Akd.makda that the market value of listed shares amounted to Market (9265) trillion dinars.

He Abdel-Salam said the most important factors that influenced the traded stocks during the current year 2015 is the destruction of infrastructure and components of capitalism material produced by the criminal gangs of gangs Daash and the decline of the Iraqi economy indicators after the sharp decline in oil prices, 2014 and 2015 and transforming the economy from a surplus economy to economy

Adz.baladavh not to the evolution of the contribution of the private sector in the composition of GDP for structural reasons and the lack of the legal climate is encouraging the development of the founding contribution and attract national and foreign savings companies so that you do not build a new investment opportunities add to the capital formation of the Iraqi economy and contribute to the expansion and diversification of the investor base through new issuance absorb unemployment and contribute to private sector growth.

He said Abdul Salam that reason affected by lower shares traded price during the current year 2015 is also the inability of the banking sector to finance development projects and the weakness of the existing banking services

and not to create banking services new as well as change the decisions of investors as a result of economy rating of Iraq (B) as well as the lack of a development proposed laws to respond to the requirements of austerity and deficit financing economy in 2015.

baladavh not to the evolution of the means of national and foreign investment attraction and only the increase of capital as a source of funding and the failure to approve the instructions for issuing and trading Help bonds and portfolio management and components and not to allow companies to exercise the role of a market maker by purchasing a portion of its shares to absorb the decline in prices.

Stressing that the continued weak financial position of the sectors of industrial, agricultural, tourism and insurance and investment portfolios for investment companies for the continuation of the structural, financial and legal where obstacles along with variables that have to do with foreign trade is restricted.

He noted Abdul Salam that the market promising plans for the development of work during 2016 in terms of general policy of the market and monitor the performance and discuss and propose means stimulate investment securities in collaboration with the Securities Commission and the Central Bank of Iraq and the proposal to amend

and issue new instructions concerning the regulation of securities trading and the organization of portfolio management and allow companies to contribute to the purchase of proportions of shares at low prices big deals and the proposed amendments to the laws that contribute to the stimulate investment. As well as to follow up the implementation of the Iraqi market plans Securities Depository Center, discuss and approve the development of electronic systems plans. / End / 22 /   http://www.dananernews.com/News_Details.php?ID=6514

 [tlm724] Salam that the market promising plans for the development of work during 2016 in terms of general policy of the market and monitor the performance and discuss and propose means stimulate investment securities in collaboration with the Securities Commission and the Central Bank of Iraq and the proposal to amend and issue new instructions concerning the regulation of securities trading

and the organization of portfolio management and allow companies to contribute to the purchase of proportions of shares at low prices big deals and the proposed amendments to the laws that contribute to the stimulate investment.

As well as to follow up the implementation of the Iraqi market plans Securities Depository Center, discuss and approve the development of electronic systems plans.

http://www.bondladyscorner.com/t159559-executive-director-of-the-stock-exchange-lower-stock-prices-during-2015-by-26-due-to-the-financial-crisis
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Zebari announced the revival of a plan to sell bonds two billion dollars in 2016 Today at 6:27 am

Bondlady

Zebari announced the revival of a plan to sell bonds two billion dollars in 2016
12/29/2015 10:32   —  Tomorrow Press / Baghdad: detect and Finance Minister Hoshyar Zebari, on Monday, for the revival of Iraq’s plan to sell bonds two billion dollars in the 2016 budget, while pointing out that the liberalization of gray will strengthen the government’s position and the easy confidence of international institutions there.

Zebari said in an interview with the means of press seen by “Tomorrow’s Press,” that “the budget in 2016 allows the government to sell bonds two billion dollars in the event lacked the sources of funding for the targeted spending project.”

He noted that “the government hopes to conclude a better deal if you decide to resort to the bond market in 2016, with the armed forces victories continuous on Daash terrorist organization and support of the World Bank and the International Monetary Fund for the financial center of the government.

“Zebari said, that” the confidence of international institutions in the country will facilitate the issuance of sovereign bonds process “, believing that” the liberalization of gray will strengthen our position. ”

And was suspended the bond sale plan, the first of its kind offered by the Iraqi government in the international market by about ten years, in October as investors demanded a yield of 11 percent. The fall in oil prices to less than half in the last 18 months, which reduced income The government, which constitute the raw sales 95% of it.      LINK 

 [tlm724] Finance Minister Hoshyar Zebari, on Monday, for the revival of Iraq’s plan to sell bonds two billion dollars in the 2016 budget

[tlm724] fully expected to see these bonds coming out

[tlm724] while pointing out that the liberalization of gray will strengthen the government’s position and the easy confidence of international institutions there

[tlm724] by taking back portions of the country, they hope that will bring back some confidence

[tlm724] believing that” the liberalization of gray will strengthen our position. ”

[tlm724] “the government hopes to conclude a better deal if you decide to resort to the bond market in 2016, with the armed forces victories continuous on Daash terrorist organization and support of the World Bank and the International Monetary Fund for the financial center of the government

[tlm724] looks like they are stepping up to the plate to ensure the support of the World Bank and the International Monetary Fund, they know they need them !

Finance Minister: Iraq revives plan to sell bonds two billion dollars in 2016

Publishing Date: Mon, 28 Dec 2015 16:41:36 | Views: 143
Bgdad_abar today  —  Finance Minister Hoshyar Zebari, on Monday, that Iraq has revived a plan to sell bonds in the budget of two billion dollars in 2016, as pointed out that liberalization of Ramadi, the Iraqi government will strengthen the position and facilitates the confidence of international institutions.

Zebari said in an interview with “Reuters”, “The budget of 2016 allows the government to sell bonds two billion dollars if lacked sources of funding for the targeted spending project,” adding that “the government hopes to conclude a better deal if you decide to resort to the bond market in 2016 with the achievement of the armed forces Victories Daash continuing to support the World Bank and the International Monetary Fund to the government’s financial center. ”

Zebari said, that “the confidence of international institutions in the country will facilitate the issuance of sovereign bonds process”, believing that “the liberalization of gray will strengthen our position.”

And it was suspended bond sale plan, the first of its kind offered by the Iraqi government in the international market by about ten years, in October as investors demanded a yield of 11 percent.

Iraq in 2006 and sold bonds worth $ 2.7 billion worth in 2028, and received on Iraq -B rating agency Fitch Ratings in August.

Oil prices have fallen to less than half in the last eighteen months, which is what the government trimmed crude sales, which make up 95 percent of it in income.

http://today-news.org/news.php?NewsID=14118

http://www.bondladyscorner.com/t159559-executive-director-of-the-stock-exchange-lower-stock-prices-during-2015-by-26-due-to-the-financial-crisis