" The Dinar Daily " , Saturday , 11 January 2014 - Page 3
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Thread: " The Dinar Daily " , Saturday , 11 January 2014


    
  1. #21
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    This first article is the one BGG posted yesterday. The article below it is one sent to me from Carrello as a "response" article. Thanks to Carrello.

    Banks closed the bank accounts of local exchange companies, without giving reasons

    Mustafa Abdel Azim (Dubai) - directed banks operating in the State messages to the local exchange companies to close their bank accounts without giving reasons, according to Osama Al Rahma, head of a group of banking institutions and money transfer.

    The Al Rahma that the closure of the banks of the bank accounts of the exchange companies, without giving convincing reasons or without reference to the Central Bank, violating the instructions explicit addressed by the central bank to banks in a circular issued in May 2011, not to the feet of the banks to close the bank accounts of the exchange companies without reasons, or before getting the prior approval of the Central Bank.

    He said in a statement to «Union» that number, unspecified, of the exchange companies expressed alarm at the actions taken by the banks on its bank accounts, and that through the work of the General Assembly last group, pointing out that this procedure would push companies to stop, and opens the way for Work illegal channels, especially because there is no alternative for companies to operate only through banking channels. He confirmed that a group of banking institutions and financial transfer is not opposed to any decision to close the bank accounts of any company or Renegade banking rules followed, stressing that it should not generalize this procedure on all the companies as a result of mistake or negative performance of a company.

    He called Al Rahma to the need for discussion between the banks and exchange companies under the umbrella of the Central Bank to discuss the action, which he described as «collective punishment» from banks to exchange companies, and access to satisfactory solutions, stressing that the exchange companies can not work without the banks or the existence of legitimate channels other alternative .

    He explained that the bank accounts of the exchange companies constitute the official channel them to convert to other banks around the world, and is characterized by the ability to see the path of the conversion process with all the clarity and transparency, also serves as an important channel for regulators domestically and internationally.

    Furthermore, said a banking source, who preferred anonymity, the commitment of banks, the terms of dissemination of the central bank on the closure of the accounts of exchange companies, but he did not deny at the same time a number of banks to close such accounts for operational reasons purely, if the account is not profitable for the private bank, In addition, the accounts where transactions exceeding high operating costs that must be covered by operating revenues occasion.

    The source explained that some banks aim behind this procedure is to move away from the circle of risks arising from financial transfers.

    And confirms the circulation of the central bank, got «Union» a copy of it, the importance of the role played by exchange companies in the national economy and the financial system in the country, stressing the need to be based on any decisions to close the bank accounts of the exchange companies, or associated with, the reasons are acceptable, as well as Bank for prior approval by the Central Bank.

    He suggested Al Rahma to be an open discussion under the control and supervision of the central bank, the regulatory and supervisory and regulatory, in the presence of officials of the departments of control and discipline on both sides, and listen to the observations and different visions about the problem, in order to avoid any negative repercussions fall on any of the parties, and stated that the exchange companies eager to the development and performance of their operations and comply with all instructions and regulations laid down.

    He pointed out that the likelihood of errors contained in any activity, and that the exchange companies, a subsidiary of banking, working internally to avoid repeating mistakes, through intensive training programs, where the group has trained about 700 employees during the first half of the year 2013, as well as holding several workshops work in collaboration with the Central Bank and international companies, to gain access to the application of best practices in the banking sector in the country.

    The Al Rahma it does not have to correspond to the evolutionary efforts exerted by the exchange companies to promote their work, which is praised by international financial institutions and companies scrutiny neutral, mono action by the banks, which is the main partner for the work exchange companies.

    https://www.alittihad.ae/details.php?...4&article=full


    Osama Al Rahma
    CEO
    Al Fardan Exchange (UNIT.ARAB.EMIR.)

    Mr. Osama Al Rahma is a Director at Al Fardan Group and the CEO of Al Fardan Exchange, UAE. Mr. Al Rahma is the Chairman of Foreign Exchange & Remittance Group (FERG) in the UAE, a group registered under Dubai Chamber of Commerce & Industry. He is also the Chairman of Global Reach Portal Services, a platform for mobile money transfers and payment services under the brand name REACH. He is an active member of the Management Committee of Al Fardan Financial Services. Mr. Al Rahma is the former Vice Chairman of Dubai Quality Group, a semi-government, non-profit organization and a former Board of Standard of the American Academy of Financial Management (AAFM). Mr. Al Rahma earned his postgraduate degree in Management Studies at the University of Hull, UK and a graduate degree in Electronics Engineering from the University of Bahrain. Mr. Al Rahma is an alumnus of the J.F. Kennedy School of Government’s Executive Program at Harvard University, in Dubai School of Government and also an alumnus at Queen’s University in Canada for an Executive Courses in Strategy and Finance. He has passed several trainings and workshops in Zurich, New York and Frankfurt.

    www.sibos.com



  2. #22
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    Maliki's coalition announce his reasons for the defection of some of his deputies and joining a coalition Hakim
    Conference / Baghdad

    Announced a coalition of state law, the Sabbath, the reasons for the defection of some of his deputies, referring to the requests of some of the other blocs to join a coalition. The mass of the citizens of the Islamic Supreme Council of the Islamic Iraqi led by Ammar al-Hakim, uncovered, on Thursday, joined 20 MPs from different blocs to it. A member of the State of Law Coalition MP Ali Alfalh at a news conference in the House of Representatives and attended the "Conference" The talk that we heard about for withdrawals in the State of Law coalition is is not accurate, nor is traded properly, as the withdrawal of some members of the state law came after he refused to re-election coalition for the upcoming parliamentary elections. He added that the state law deems within defined parameters and re-nomination of some of the House of Representatives for the upcoming elections as demanded by each other not to run for the elections, but he also said that the desire of those members to renew their membership engage them in other blocs after he refused to state law re-election again. He said the state law is more blocks that came forth to join requests from members of other blocs, but out of respect for those blocks did not want to declare the names of the members of traders who, as we did not accept all applications because we want to focus on competencies independent. The mass of citizens, led by Chairman of the Islamic Supreme Council Ammar al-Hakim said, last Thursday, joined four deputies from the coalition of state law to block a citizen.

    https://www.almutmar.com/index.php?id=201437020

  3. #23
    Barzani: There is a dangerous situation occurring in Anbar province, and will likely spread to other Iraqi provinces

    Posted 11/01/2014 04:49 PM

    BAGHDAD - squares of liberation
    The President of Kurdistan, Massoud Barzani, expressed concern over the political and security situation in Iraq, especially that which is happening in Anbar province. He stressed the current situation is the result of an accumulation set by precedent, it would’ve been much better for the Iraqi government to deal with these known problems in a more rational approach.

    Barzani met at the resort in Salahuddin with consuls and representatives of foreign diplomatic corps that are stationed in the Kurdistan region.

    Barzani said there is a dangerous situation occurring in Anbar province, and will likely spread to other Iraqi provinces, to continue with our present methodology could exacerbate problems, it is incumbent on the Federal government to respond to the demands of the PEOPLE with a level of respect or we may block the road (CEASE DIALOG) that risks the possibility of turning the war on terror into a SECTARIAN war between Sunnis and Shiites.

    Regarding Erbil and Baghdad negotiations, Barzani declared the Kurdistan Region welcomes a solution to the problem of OIL AND GAS (HCL) and Article 140 (DISPUTED TERRITORIES), and payment of the Peshmerga and all the other problems that call for continued visits and party delegations.

    "We would like to help the political process in Iraq and are working to overcome problems and obstacles, but solutions must be applied in Iraq like that of a true partnership where everyone feels they are real partners.

    President of Kurdistan, Massoud Barzani, met with Brett Macgork Assistant U.S. Secretary of State regarding the political and security situation in Iraq and the latest developments in Anbar province.

    This statement by Barzani was made during his meeting with Macgork in the Salah al-Din resort, he also said: The ways that lead to an end the political and security crises in Iraq in general and Anbar province in particular are to achieve political solutions.

    The statement said the two sides agreed that all parties have to make efforts so as not to turn the current crisis in Anbar province into a fertile ground that could flare a sectarian war between Shiites and Sunnis.

    https://tiny.cc/elgj9w

  4. #24
    Kurdistan Alliance justify pumping oil to Turkey, the experience of the new pipeline
    The member of the Oil and Energy

    Committee in the House of Representatives and also member of the Kurdistan Alliance, MP Farhad Alaterci, justifies Kurdistan’s pumping of oil through Turkey so as to experience the new pipelines potential.

    Alaterci said to Agency news: Friday, the Ministry of the oil resources in Kurdistan injected quantities of oil to pipe through Turkey to experience the use of the oil pipeline between the two parties. He denied that these quantities were for export.

    Alaterci said the province will pump its crude oil in a streamlined fashion early next month in accordance with regulations and decisions that were agreed upon between Baghdad and the Region.

    The Ministry of Iraqi Oil intimated in a press release Friday that Iraq refuses to sell crude oil from the Kurdistan region through a Turkish conduit which drew strong protest by the Turks for being bucked from the tripartite agreement that was signed. They have threatened to sue all the companies and entities that have done so.

    The Kurdistan Regional Government, expected on January 9 to send one million barrels of its exports of oil through the new pipeline that passes through Turkey by the end of January.

    https://tiny.cc/zyfj9w

  5. #25
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    Thanks Chattels and Ottw for all the Information.

  6. #26
    House of Representatives vote to amend the Law on the Protection of Iraqi products and continued reading the three laws
    January 11, 2014

    The House voted sixth minutes of the second legislative term of the legislative year, the fourth, which was held under the chairmanship of Mr. Osama al-Chairman of the House of Representatives and in the presence of 183 deputies on Saturday, 1/11/2014, the draft law on the protection of Iraqi products as well as voting in principle to continue reading the three laws.
    At the outset of the session following the Foreign Relations Committee, issued a statement drew it to issue a Security Council presidential statement condemning what the organization "Islamic State in Iraq and the Levant" of the base of terrorist acts against the Iraqi people and support for the government's efforts to provide security and protect the country, noting that the Iraqi Council of Representatives appreciates the Security Council statement, calling on the government to do its duty National WWDC terror strongholds in Anbar.
    Then the Council voted in principle to approve the continuation of the enactment of the organizing work of the consultants and submitted by the Legal Committee , which comes for the purpose of organizing the work of advisers in the ministries and departments not associated with the Ministry and determine the terms of appointment and the definition of their work and the nature of the tasks assigned to them and raise the level of performance at work and to avoid overlap between the advisory work and work Executive.
    And completed the Council vote in principle to continue to read the proposed law union Iraqi parliamentarians submitted by committees of civil society institutions and legal affairs of members and parliamentary development in order to invest competencies and human resources of the Governing Council members and members of the legislature and to contribute to the Girls formations legal in line with the fundamentals of democracy and respect for the Constitution and the development of Parliamentary role to those in March parliamentary work in counseling and participation in upgrading the state's institutions.
    The Council voted in principle to proceed to read the bill of rights for Turkmen and submitted by the Commission on Human Rights, which comes for the purpose of removing the effects of the Diamond suffered by the Turkmen as a result of being deprived of the most basic rights and record their history of suffering from forms of oppression and discrimination, sectarian, ethnic, and attempts to obliterate their national identity and change Demographic their areas and enable them to establish their national institutions and nationalism in the new federal democratic Iraq and to meet their needs so as to enhance the spirit of understanding, tolerance and strengthen the bonds of brotherhood between the various components of the Iraqi people and contribute to the progress and development of Iraq.
    On the other hand, the Council voted on the bill first amendment to the Law on the Protection of Iraqi products No. (11) for the year 2010 and sponsored by the committees of economy, investment, legal, for the purpose of protection of industrial and agricultural products from harmful practices in international trade with Iraq and to ensure fair competition in the Iraqi market.
    In another matter, Mr. Najafi inquired of the Finance Committee on the issue of the inclusion of 22 MPs of the martyrs Court's decision to cancel the salaries of your MPs.
    In response to MP Haider al-Abadi Chairman of the Finance Committee that the application of the repeal retired members of the House of Representatives includes everyone, explaining work to address the issue through a new unified pension law.
    For his part, MP Khaled Huani Chairman of the Legal Committee to cancel the salaries applicable to all MPs, including the martyrs and the dead, calling on the House of Representatives to cope with it and find solutions to the issue.
    Turn the face of Mr. Najafi committees to reach a decision of a special allowance for the families of the martyrs and the House of Representatives of the deceased.
    The Presidency has also decided to postpone the vote on the draft labor law, submitted by the committees of labor and social affairs and legal to a future meeting for the purpose of review by the relevant committees.
    Then decide to adjourn the meeting to next Tuesday, corresponding to 14/01/2013.

    The information department
    Iraqi Council of Representatives
    11/01/2014

    https://translate.google.com/translat...QD-CzTZYtidufQ

  7. #27
    Secret Deal sees Al Qaeda Leave Fallujah
    Local observers also say that ISIS had just suffered a defeat in Syria and this compounded their desire for withdrawal.

    The agreement between Fallujah’s tribal leaders and the extremists gives the impression that the locals did just as the Prime Minister wanted: they expelled ISIS from the city.

    The question now remains: Is it enough to change al-Maliki’s mind? Or will he go ahead with his military operation anyway – perhaps with a goal in mind other than cleansing the city of extremists? Al-Maliki may see it as a good excuse to get rid of more of those he appears to consider his enemies – although it is hard to see the international community – and important allies like the US – openly accepting such actions.

    But there is also another question to consider: how exactly did ISIS take control of a whole city like Fallujah in two or so days?

    It would certainly not have been possible under normal conditions. But the chaos generated in the city by the dispersal of Sunni Muslim protest sites that had been demonstrating against the government for almost a year provided more optimal conditions for a takeover. The general feeling in the city as a result of that dispersal – increased local antipathy toward the Iraqi government – also helped.

    Additionally it is also true that a lot of the local members (that is, those not from other Arab countries) of the extremist Sunni Muslim groups have tribal or familial connections in Anbar, or elsewhere in Iraq.

    Formerly the extremist organisation was led by Arabs from other countries. Previous to 2006, the leader of Al Qaeda in Iraq was Abu Musab al-Zarqawi, a Jordanian. He was killed in June 2006. Al-Zarqawi was followed by an Iraqi, Abu Omar al-Baghdadi, who is originally from Salahaddin province and when he was killed in 2010, he was replaced by another Iraqi, Abu Bakr al-Baghdadi, who still heads ISIS today and who is also descended from Sunni Muslim tribes, from the Salahaddin province.

    In Iraq, the people of Fallujah are especially well known for their tribal and religious tendencies. The most prominent tribe here is the Dulaim, or Dulaimi, tribe which is known for its conservative ways and adherence to tribal and religious traditions. In fact, Fallujah is often called the “city of mosques” because, despite the size of the city, it is estimated there are over 500 mosques here

    https://www.iraq-businessnews.com/201...ve-fallujah/5/

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