" The Dinar Daily ", Wednesday, 11 September 2013
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  1. #1

    " The Dinar Daily ", Wednesday, 11 September 2013

    Middle East Alliances More Tangled Than Ever

    By: Mustafa al-Kadhimi for Al-Monitor

    The equations upon which the Middle East is currently built have nothing to do with the calculations upon which traditional political analyses are made. In fact, the Arab Spring revolutions that coincided with the overwhelming sectarian tensions that prevailed in the region transformed the Middle East into a spiderweb of overlapping positions that are nearly impossible to decode.

    The variety of pertinent factors affecting discussions and relations in the region make the Middle East conflict one that is completely different and much more complex than anything else, anywhere in the world. Here, we find a religious factor greatly affected by the multitude of existing sectarian entities, alongside an economic factor convolutedly intertwined with the dynamic of oil reserves, in addition to traditional political conflicts between various belligerents. The overall context of the battle between modernity and tradition also plays a role in the ongoing generalized conflict, with the social factor of tribal affiliations thrown into the mix. All these factors therefore come to play their roles in an effective manner, making the Middle East conflict an impossibly hard dilemma to discuss or approach.

    Following are some examples that prove the complex nature of this spider web. While Saudi Arabia and Qatar regionally compete and disagree about the fate of Egypt’s Muslim Brotherhood— which was Syrian President Bashar al-Assad’s worst enemy — Saudi Arabia and Qatar do, in fact, join forces against Iran and in support of the Syrian rebels, in large part composed of Muslim Brotherhood elements. Iraq’s Muslim Brotherhood also receives similar support from both the Saudis and Qataris, despite the fact that the latter two hold divergent positions in regard to the Egyptian Muslim Brotherhood. On the other hand, Iran stands with Assad’s regime, which is currently being fought by Islamic factions backed by the Muslim Brotherhood and Palestine’s Hamas movement — both of which also receive backing and sponsorship from Iran. As such, Iran rejected Gen. Abdel Fattah al-Sisi’s rule and considered it a coup against the legitimacy of the Muslim Brotherhood. Meanwhile, Assad considered the Muslim Brotherhood’s downfall in Egypt a victory and welcomed Sisi’s initiative.

    Further complicating matters, Iraq is eradicating the Baathists’ influence in the country, yet it is accused of supporting those same Baathists in Syria. Iraq itself, which has close ties with Iran, disagrees with Tehran about Egypt and backs the military over the Muslim Brotherhood. Thus, Baghdad’s position converges with that of Saudi Arabia, with which it has quite unfriendly relations, and, in this regard, adopts a position contrasting with that of its main backer, Washington. On yet another level, Arab Gulf states are considered some of the United States’ most trusted friends in the region, and agree with Washington in backing the Muslim Brotherhood in Syria — yet they disagree with the Americans on the subject of Egypt and Iraq. The United States, on the other hand, disagrees with Iran on almost everything, but it and Tehran espouse the same position rejecting the ouster of the Muslim Brotherhood in Egypt, and are in favor of the current Iraqi government. In addition, Turkey has excellent relations with Arab Gulf states and contributes with them toward the overthrow of Assad, but disagrees with them about Egypt. In the same context, Turkey, despite its disagreement with Iran about the latter’s support for Assad, helps Tehran overcome the internationally imposed sanctions.

    This tangle of equations seems almost incomprehensible, particularly when viewed through traditional eyes in a linear, nonsystematic way. Most everyone in the Middle East agrees that the region’s countries suffer from deep divisions that made each of them part of one of two axes: the “axis of defiance” and the “axis of moderation.” Yet, this alone cannot explain the nature of the ongoing conflict, in the presence of other effective factors such as deep sectarian divisions governed by the allegiances and goals of each of those countries. When these factors mix, they produce an untold number of different types of conflicts that cause overlaps in positions, which prevent outsiders from correctly identifying each country’s chosen trench.

    The truth is that the axes were not initially established to serve the specific goals of one particular sect, but they exploited sectarian rhetoric to advance their interests. Herein lies the way by which to understand this overlap in positions: Countries adopt stances primarily to safeguard their interests. They might then decide to take a position that is religious-, ethnic- or humanitarian-oriented, and then use that position to guarantee their interests.

    This is an equation normally associated with ambiguous fluid circumstances, such as those currently prevalent in the Middle East. On the one hand, it proves that the region is in the flux of major changes, and on the other it shows that these changes will only occur after a long period of strife on various fronts and overlapping arenas.

    In truth, the countries of the Middle East are currently engaged in a war, against an enemy that is not clearly defined. They are also not fighting to achieve clear-cut objectives: All of them are on the defensive, and indiscriminately firing in all directions.

    Mustafa al-Kadhimi is an Iraqi writer specializing in defense of democracy. He has extensive experience in documenting testimony and archiving documentaries associated with repressive practices.


  2. #2
    Iraqi Sheikh Faces Divisions Within Sunni Community

    By: Mushreq Abbas for Al-Monitor

    It is difficult to talk about establishing a religious authority for Iraq’s Sunnis, despite the numerous attempts made in this regard since 2003. The most recent attempt came following the outbreak of protests in major Sunni cities at the end of last year, where Sheikh Abdul Malik al-Saadi emerged as an authority for the Sunni protesters.

    Yet, months later, some of these protesters refused to obey him given that he is opposed to the establishment of a Sunni federal region in Iraq.

    The Association of Muslim Scholars — formed in 2003 and chaired by Harith Sulayman al-Dhari — seemed at one point a prelude to the emergence of a Sunni religious authority. Yet, the association witnessed a setback when disagreements erupted regarding a fatwa issued by Dhari calling for a boycott of the 2005 elections. Many Sunni segments accused Dhari of excluding Sunnis from establishing the Iraqi state after the American occupation, while Prime Minister Nouri al-Maliki’s first government accused him of orchestrating violent acts. Dhari ended up leaving Iraq in 2006.

    There are numerous religious, philosophical and historical reasons preventing the emergence of an agreed-upon Sunni authority, similar to the traditional Shiite authorities. However, at the beginning of the year, it seemed that Saadi’s chances of receiving unanimous Sunni support were great. Saadi’s appearance in a wheelchair on Dec. 30, 2012, earned him significant popularity among popular Sunni circles. Moreover, the quiet nature of his speech against sectarianism made him more popular, even among Shiites.

    Saadi’s political rhetoric against the Iraqi government gradually shifted from soft to radical, in light of the rise of protests and the government’s failure to take any in-depth and practical steps to address the protesters’ demands.

    This radical rhetoric was evident in a statement issued by Saadi on July 28, 2013, on his return from a medical trip to Turkey that lasted more than two months.

    The statement came in response to doubts circulating in political and Sunni circles about Saadi having changed his position on the protests. In his statement, Saadi confirmed that he was committed to the protests' continuing until the government meets the relevant demands. Addressing the protesters, he stressed the need to avoid any “term that may be interpreted on sectarian or political bases.” He also called on the government to dissolve militias and to rely solely and exclusively on the Iraqi army.

    The nature of Saadi’s rhetoric — which totally differs from that of Dhari — led the United Nations to take an interest in him and attempt to approach him to discuss issues affecting Iraq’s Sunnis. The most recent initiative in this respect took place on Aug. 7, 2013, in the Jordanian capital of Amman, when Saadi met with Gyorgy Busztin, deputy special representative for Iraq of the UN secretary-general. During the meeting, Saadi revealed his six-point vision for a political solution in Iraq, which included the following points: “preserving the unity of Iraq; amending the constitution; changing the current political process; carrying out a census; holding elections free of quota distributions and building the Iraqi army.”

    Saadi returned on Sept. 9, 2013 to confirm these demands in a joint statement issued along with a number of senior Sunni clerics. In this statement, he stressed his commitment to the protests, and held the constitution and the political process responsible for the security and political meltdowns. He also confirmed his commitment to Iraq's unity and his opposition to partition.

    A source close to Saadi told Al-Monitor that the recent demands expressed in Saadi’s statements represent “forced solutions to face the growing Sunni desire to form a federal region, just like the Kurdistan Region.”

    The source, who preferred to remain anonymous, said, “Saadi has made fewer speeches and statements during recent months, as he faced pressure from a Sunni political-economic line supporting the formation of a federal region as a solution to the Sunni problem.”

    The source added, “This powerful and influential line, to which numerous Sunni politicians and parties are affiliated, notably the Islamic Party, is supported by a number of regional trends.”

    According to this source, Saadi’s dilemma is that “the advocates of the establishment of a Sunni region are trying to exploit the protests in order to achieve their purpose in the end. On the other hand, even though Saadi rejects this approach, he cannot openly and directly oppose it since this could be interpreted among Sunnis as a desire on his part to break up the sit-ins. This would be a defeat for Iraq’s Sunnis in their confrontation with a government that they consider unjust.”

    On a different note, a number of capital owners are settling in neighboring countries — such as Jordan, the United Arab Emirates and Turkey — from which they are managing the financing of most Sunni political activities. According to them, the formation of a Sunni federal region is a solution that would allow them to transfer their investments back to Iraq.

    On the other hand, there are certain political currents — enjoying regular foreign support — which believe that prominent Baathists were the ones who paid the price for the process of excluding Baathists from the political, administrative and military equation. These prominent figures were forced to emigrate, retire or lead armed activities within the country.

    The source said, “Along with the line supporting the idea that the formation of a federal region is a solution to all of these problems — in light of the unwillingness of the ruling circles to conclude a true partnership for the governance of Iraq and to treat Sunnis as first class citizens — there is another line led by Saadi. The latter believes that Iraq's Sunnis must not bear the burden of the historical sin of dividing the country. This opposing line believes that it is able to achieve its interests through a fair government that includes the Sunni component.”

    Of course, there is a third factor raised by Sunni tribal parties. These parties talked about extremist groups, such as al-Qaeda, who want to set the foundation for a radical change in the demographic map of the region.

    While one cannot assume that Saadi is capable of mobilizing the entire Sunni street, he is facing pressure that the government in Baghdad was not able to understand. The most important example in this regard is Saadi’s insistence on avoiding the option of forming federal regions. Iraqis consider this option to represent a sectarian and ethnic division of Iraq, in light of sensitive and unfavorable historical circumstances.

    The message that Saadi’s supporters want to convey — and that the government does not understand — is that actual, on-the-ground steps are needed to tame the anger of the Sunni street and achieve justice and national reconciliation. This, in turn, would afford a suitable environment for Saadi to announce the dissolution of sit-ins.

    Mushreq Abbas is a contributing writer for Al-Monitor’s Iraq Pulse. He has been managing editor of Al-Hayat’s Iraq bureau since 2005 and has written studies and articles on Iraqi crises for domestic and international publication.


  3. #3
    President of the Kurdistan region receives a delegation from the Iraqi List and the Iraqi National Congress

    Mr. Massoud Barzani received today the President of the Kurdistan region Tuesday, 10/09/2013 in Erbil, Messrs. Ayad Allawi, head of the Iraqi List and Ahmad Chalabi, head of the Iraqi National Congress and a high-level delegation from the Iraqi List.

    At the outset of the meeting, the visiting delegation expressed happiness Ballqa, describing the stability of Kurdistan and the democratic process in the region Balnmozjah and an important source of hopes for Iraq under the leadership of President Barzani.

    Mr. Iyad Allawi for the political and security situation and the economic and social development in Iraq and pointed to the need to return to the political process back on track and work all the political forces in order to move away from sectarianism and be home address for service activities.

    This was welcomed by President Barzani Guest noting that the political process in Iraq needs the goodwill and commitment to the agreements signed between the political parties, and that the will of the political forces and free national working for the country's stability and security of its citizens.

    Turning President Barzani of the Kurdistan Parliament elections, describing O as another step towards consolidating the foundations of democracy in Kurdistan, and the campaigns are going naturally in the region.

    Then President Barzani talked about the tasks and goals of the Kurdish National Congress, declaring that the National Conference letter addressed to the peoples of the region and the outside world, a message of peace and co-existence and renounce violence. They also discussed during the meeting to the current crisis in Syria and the future of that country.


  4. #4
    MPs intend to interrogate the Integrity Commission: Do not tell us information and it does not is the follow-up

    Baghdad / Iyad al-Tamimi - Announced that the Parliamentary Integrity Committee, yesterday, its intention to collect signatures in order to interrogate chief of integrity and accountability of the activity was lower against the high rates of corruption and lack of resolve dangerous files.

    The Deputy of the Committee that the leadership of the current function convert corrupt files to the judicial authorities and it does not follow-up, confirming that it is preoccupied with small files from those involving large by ministers and senior officials, likely to be behind it for political reasons.

    On the other hand says another deputy in the Parliamentary Committee that the Authority has regained about half a billion dollars recently, saying that it was a great achievement While acknowledging the existence of billions of dollars of corrupted files. The attributed the reluctance body in resolving corruption cases to red tape and a lack of professional personnel, revealed the existence of only 12 judges working within the body.
    And it was merciful Okkaily, the former head of the Integrity Commission, said in an earlier statement "long", that "the current head of the Integrity Commission Alaa Jawad instructed immediately after his accession to office as his successor, to stop all arrest warrants issued against the corrupt."

    He pointed out that "the Integrity Commission activity declined dramatically after receiving Jawad Directors of the Authority," explaining that "during the year 2011 amounted to reports of corruption nearly 22 thousand while the communication communications during the first half of the current year 1100 communication only."

    In this context, MP Aziz Ugaili, a member of the Committee on Parliamentary Integrity in a statement to the "long" yesterday, all that "some members of the Integrity Commission intend to collect signatures to question the head of the agency Judge Alaa al-Saadi and ask some questions about the work of the Commission."

    He Okkaily that "most of the questions prepared by the Integrity Committee centered on the cause of the delay to resolve the files of corruption in military institutions, especially the Multi tanks Ukrainian, remote detection of explosives, in addition to files in the Ministry of Electricity, which is valued corruption more than $ 25 billion, and files the Arab summit , and file reconstruction of the cities chest and torch. "

    The MP for mass citizen "The Integrity Commission is now working and reveal files only small but they do not dare to investigation files great to be in charge of the minister or deputy minister or senior figures in the Iraqi state," attributed this to "political reasons and the subordination of the body to the will of the big parties" .

    The Alachaeli indicates that "the integrity of an executive turned to the basic mission sending correspondences to the judicial authorities without monitoring and follow-up of the files referred to the judiciary."

    Confirms that the Authority "Over the past two years has failed to hold accountable any official of any Ministry, despite the presence of hundreds of files transmitted from the Parliamentary Integrity Committee and offices of inspectors general."

    He said a member of the Parliamentary Integrity Committee that "the Commission were not as much as the size of the corruption that has spread in recent years dramatically," stated that "the ministries was now without a sergeant and the phenomenon of corruption in a significant increase but the body is unable or Mottagsdh not accounting mischief during the last period."

    And draw Aziz Okkaily to the "Integrity Commission is incomplete administrative and technical terms because they always complain of lack of experts and advisers and judges making their work is ineffective and unconvincing in a lot of files."

    He believed Okkaily that "the work of the Integrity Commission at the time of the judge Rahim Okkaily was clear-cut, and we were in the parliamentary committee know all the details of the files, but now there is ambiguity can not him see the work of the Commission, even if the file is impossible from us," he said, adding that this matter "made us fear for the fate of these files because the Commission did not reach a result which did not hold accountable any spoiler", saying that "everything you do is hauling body to eliminate books without knowing the fate of this correspondence."

    And confirms a cluster member citizen led by Ammar al-Hakim that "the integrity current was unable to transmit a file from the files of corruption many and deciding which criminal court and expose the corrupt," pointing out that "corruption at the time of Saadi prosperous and live a better condition, and there is no any institution supervisory challenge it," citing "not to transfer any file to any official to Parliament to take the necessary action against him."

    In defense of the work of the Integrity Commission, said Ammar Al-Shibli, the other member of the Parliamentary Integrity Committee, said that "the integrity current was able to return $ 430 million during the last period," and despite the recognition Shibli modestly this amount "compared to the size of rampant corruption in the country and the loss of Iraq billions dollars because of corruption, "but asserts that" an important figure and is an achievement of the current work of the Commission. "

    Explains Shibli, told the "term" yesterday, said that "the current does not have the tools adequate They suffer from a lack of experience and talent," stated that it "exposed to the pressures of political by personalities influential prevented revealed a lot of files," noting that " All spoilers enjoy the protection of political and all the political blocs, without exception. "


  5. #5
    Deputy U.S. demands the cessation of aid to Iraq

    Range Press / Washington - Asked the Chairman of the Sub-Committee on Foreign Relations of terrorism and trade in the U.S. House of Representatives Ted Poe (R-Texas) from the Minister of Foreign Affairs John Kerry to stop U.S. aid to the Iraqi government as a result of what he called "the attack on Camp Ashraf."

    MP also asked Bo in his book that the Ministry of Foreign Affairs to send a team of diplomats in Embassy Baghdad to investigate what happened and to inform the Congress the results of this investigation.

    And was Assistant Secretary of State acting for Near Eastern Affairs no. Elizabeth Jones has condemned the attack and sent a letter to the President "MKO" in Paris, Maryam Rajavi, which said: "We insist that bring the perpetrators of this barbaric act to justice, and to make every effort to find missing. "

    For his part, warned the Mujahideen spokesman in Paris, Shahin Ghobadi repeated attacks in the absence of a firm U.S. position, while carrying spokesman camp Ashraf Mohammed Mahdsin, the U.S. government and U.S. President liability and ethical Alssayasho for failing to secure the safety of residents in the camp.

    The UN Mission in Iraq (UNAMI) condemned in (1 Ayawl 2013), killed more than 55 members of the PMOI in Camp Ashraf by trying to break into by the Iraqi security force, and called on Baghdad to "open an urgent investigation into the case" and to ensure safety with elements of the organization.

    Announced PMOI opposition, that more than 55 of its members were killed and a large number after storming Iraqi security forces to Camp Ashraf, north of Baghdad, in conjunction with the fall of the mortar, and accused the Iraqi Prime Minister Nuri al-Maliki of being behind the operation, called a "send" a delegation from the United Nations and the United States of America to the camp to "stop the massacre" that camp residents are exposed.


  6. #6
    Najafi coalition accuses al-Maliki to "stand" behind the memorandum of arrest and confirms: I receive the note until now

    Range Press / Nineveh - The governor of Nineveh Ethel Nujaifi, on Tuesday, said he had not received any arrest warrant against him from the Integrity Commission, and accused the coalition of state law, led by the prime minister to "stand" behind the issuance of the memorandum "for political purposes," expressed his readiness to cooperate with the judiciary.

    Said Ethel Nujaifi during a press conference building, maintaining and attended, (range Press), said that "some media quoted Multi issuance of warrant against me from the Integrity Commission, did not I receive anything official in this regard so far," asserting that "the subject of the note related to the case that their officials in the State of Law coalition in Nineveh ahead of the elections because I you move the real estate registration records left side of the circle to the governorate building through a formal committee. "

    He said Najafi, he addressed the "Ministry of Justice in a timely manner and the Directorate-General for recording real estate audit records in the province then received officially, which missed the opportunity to counterfeiters possibility of burning and removing parameters crime and tried to make this topic issue, Vatharōh such as the recent elections a few days and then re-raised today" .

    Najafi expressed "universal respect for justice and cooperation with him in uncovering the facts," stressing that "to eliminate his position and respect and I am confident that the judge made the call did not inform him of the truth fully."

    He said Najafi was "commissioned a lawyer to distinguish this resolution and to submit legal appeals, note that there is an investigation by the Ministry of Justice carried out by the judge specialist has proven a citizen of fraud and the perpetrators of it, and all this before you take on I'm conservative in the year 2009", describing what happened as "a weapon bankrupt . "


  7. #7
    Close Mosul International Airport until further notice and Najafi accused senior officials in Baghdad

    Range Press / Nineveh - Announced the province of Nineveh Ethel Nujaifi, on Tuesday, for the closure of Mosul airport international general all flights until further notice, and accused senior officials in the Iraqi capital Baghdad of being behind the closure, to cripple vital areas in the northern city of Mosul, while expressed his surprise at the closure of the airport with near Hajj season and the opening line connector _ Oman.

    Ethel Nujaifi said in an interview to the (Presse term), "The officials in Baghdad blocked Mosul International Airport generally all flights," he said, adding that "the aim of closing is to paralyze the vital areas in Mosul."

    Najafi expressed his surprise at the closure of the airport "with near the pilgrimage season and the opening of the air route me Mosul and the Jordanian capital of Amman on the 17th of the current month of September 2013."

    The Mosul Airport International, which is just five kilometers from the city of Mosul, 405 km north of Baghdad, is the third largest airports in Iraq, and was developed in matches international standards for safety, was opened in 2008, after being used by U.S. forces military base since 2003.

    The due date of establishment of the airport in 1920, where he created the RAF during the British occupation of Iraq, and a shift from a military airport into a civilian in 1922, and in the modern era left the airport without any movement navigational remember, because of the flight ban that was imposed on Iraq under sanctions United Nations after the invasion of Kuwait in 1990, that the U.S. military invaded Iraq in 2003, the airport became a U.S. military air base, before the withdrawal from Iraq.


  8. #8
    Tight monetary policy an effective means in the stability of the exchange market

    BAGHDAD - Hussein ثغب Tamimi - Counting specialist affairs, banking and financial tight monetary policy adopted by the Central Bank of Iraq contribute to reducing the phenomenon of dollarization is peppered the real value of the Iraqi dinar and restored.

    said competent Samir النصيري in an interview (morning) that the strategic objectives it seeks to achieve the central aim to achieve monetary stability and price and then achieve the economic growth target.

    pointed النصيري that the launch of the freedom of foreign exchange in accordance with the foundations of the new controls contributed to the correct path of the currency auction and strengthened the external value of the Iraqi dinar.

    said that the power to address the dollarization, a measure of the effectiveness of monetary policy in the provision of reference moving to make the Iraqi dinar more attractive and that is usually reflected the stability of the demand function for cash or low speed the circulation of money and stability of any induced effect اشارتي exchange and interest variables positive actor in the stability of the cash demand and strengthen the mechanical moving cash at the same time.

    curb inflation, and pointed out that the procedures and means of the current adopted by the monetary policy of the inflationary impact of the phenomenon now play an important role in restrain caused by aggregate demand factors.

    Stressing that the Iraqi Central Bank continues to adopt its current policy efforts to reduce inflation and to address the trends and causes and manner provides a stable cash wider and تعجيلا in the rates of economic growth and ensure sustained through two signals two basic adoption by the current monetary policy in a hurry from the balance and stability of the financial market and the overall stability in the country.

    statutory reserve He hinted النصيري that the adoption of the requirements of a market economy by the central aims to control the liquidity of the public where the percentage of legal reserve (15 percent) and total reserve requirements on government deposits (5717) billion dinars in 2012 and has a (1250) in 2011, recording an increase rate 9.9 percent either the balance of the legal reserve to private sector deposits stood at (2907) billion dinars in 2012 after it was (2614) billion dinars in 2011, ie an increase of 11 percent.

    praised Bmlameh monetary policies, trends and ستراتيجياتها obvious being contributed to the reduction of hyperinflation, which negatively affected in all parameters of economic life. Since the siege imposed on Iraq, and as a result suffered Iraq wars and unrest many deteriorated all the productive sectors, and the gap too big between wages and salaries and rising prices,

    but the CBI has founded monetary policies appropriate to reduce inflation calmly and smoothly does not affect the general economic situation. financial statements and touched النصيري to obstacles and criticism from researchers and experts bankers and the relevant authorities because the face of the banking sector and private sectors, and specifically on the episode fundamental in the field of credit and investment, particularly stated in Article 28 of the Banking Act No. 94 of 2004.

    noted that the Iraqi banking sector consists of Bank CBI and (50) banks which (7) state banks and 43 private banks, including 12 branches of foreign banks as there are (7) Solo Arab and foreign countries in the capital of Iraqi banks and analysis of activity of the banking sector, the government and private sectors in the light of the demonstrated financial statements as of 31/12/2012 note the following requirements and the development of the total capital of banks authorized workforce peaked at the end of 2012 (6.5) trillion dinars and relative importance (31 percent) of government banks while the ratio in banks Private (69 percent), compared with (3.95) trillion dinars for the total capital of commercial banks operating in the end of 2011.

    And added that this growth in the capital of banks is one of the positive indicators in promoting stability banking, for being more leverage and strengthens their ability to face risks, and ensures the safety and durability of the banks and a greater protection for depositors, so is this rise in capital of banks little in front of the requirements of economic development in Iraq, due to link the upper limits for lending a capital bank and its reserves of sound, as the development projects large need to loans and borrowings Large cash to enter strongly in the Iraqi market to contribute effectively to the development of the Iraqi economy.

    Credit cash granted النصيري explained that the total balance of credit cash granted at the end of 2012 amounted to (28.4) trillion dinars, an increase of $ (118 percent) compared to 13 trillion dinars in the end of 2011, and reached the relative importance of the banking sector the government 82 percent of the banking sector for 18 percent. and the evolution of total deposits to 61.9 trillion dinars in 2012 by 47 percent compared with the year 2011 of $ 42 trillion dinars distributed to government banks with 53.3 trillion dinars, and the relative importance of 86 percent and private banks 8.6 trillion dinars relative importance of 14 percent for 2012.


  9. #9
    Economist: financial corruption and the spread of mafias has led to the reluctance of business investment projects

    Baghdad (news) .. Refer economic expert Habib Qara Gully, delay the completion of investment projects in Iraq to the lack of security and stability and financial and administrative corruption was rampant in state institutions.

    The Qara Gully said (of the Agency news): that of the factors attracting foreign investment is security and stability, noting that the security conditions in Iraq known to the unstable States Maady to the lack of blockbuster foreign companies to invest in it.
    He stressed: that corruption significantly impact on investments evidence that a lot of projects have been working out and by Anjar 8% only, he said, adding that the investor taking loans and then starts agreements and financial corruption and stop the project and the funds go.

    He continued: proliferated in recent years has become mafias are threatening foreign companies during the receipt of projects and put them taking a percentage of the project, pointing out that in the absence of the consent of the mafias companies by preventing them from working on the project, which in turn led to delay investment projects.

    The number of projects for infrastructure, hospitals and schools have been referred to more than one company is solid and did not accomplish these specific projects with the times and some of them have not already done.


  10. #10
    International Federation of businessmen warns of Iraq affected by the economic crisis and likely occur on the world

    Baghdad (news) .. Warned the President of the International Federation of Iraqi businessmen punitive Hamid, Iraq affected by the economic crisis and occurrence of potential in the world when a military strike against Syria.

    The People's Republic of China has warned of a major global economic crisis when a U.S. military strike on Syria.

    And punitive said (of the Agency news): The world is witnessing a state of tension and threats Vha all affect international business operations for goods and services, as well as the operations of oil exports.

    He added: that the Iraqi government must take into account a global crisis which will be affected directly by Iraq being dependent on foreign imports through the provision of strategic stocks of food and goods.

    This was announced U.S. President Barack Obama to launch a military offensive against Syria with the participation of a number of Western countries.


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