Thursday, 02 October 1 / Okrudolf 2014 11:03 [Baghdad-where]
He called on the mass of the citizen Mohammed al-Masoudi Council of Ministers to approve the budget bill for fiscal year 2014 in the emergency meeting on Thursday.
The MP for the National Alliance Niazi architecture Ihsanoglu said that "the Council of Ministers will hold a special meeting today to resolve the file the general budget and the salaries of the staff of the Kurdistan region."
Said Masoudi told all of Iraq [where] "We call on the Council of Ministers to approve the budget in its day as well as pay the salaries of the staff of the Kurdistan region, especially with the advent of Eid al-Adha," calling "to dissolve the dispute between the center and the region in accordance with the Constitution."
He added that "the budget related to the lives of the Iraqi people and that the approval is a step to move the economy where we see a recession in the Iraqi market, so it affects a large segment of the people."
The MP for the mass citizen "quest in earnest in order to approve oil and gas law in order to solve all the problems in this aspect," calling for "the Kurdistan region to abide by the constitution, considering that oil wealth and national for all."
The Minister of Science and Technology Jeju Knight said the day before yesterday that "the Council of Ministers at its request Tuesday from the Ministry of Finance re-wording of the draft budget law for fiscal year 2014."
The parliament speaker said Saleem al-Jubouri, in his visit to Arbil yesterday that "Baghdad will implement all its commitments to the Kurdistan region, noting that" the federal government is determined to secure the salaries of employees of the province, but this issue will be postponed until after the ratification of the general budget of Iraq. "
It is said that the Chairperson of the Committee on Parliamentary Budget temporary Magda Tamimi has confirmed on Wednesday's [where] that "the draft budget law will arrive after the holiday to the parliament," asserting that "the House of Representatives will present the general budget bill read the first event of arrival of the government.
Do you become a Middle East banks electronically smartest in the world?
02/10/2014 12:28 Do you become a Middle East banks electronically smartest in the world?
BAGHDAD / obelisk: plans to banking institutions in the Middle East Investment latest information technology solutions to become electronically smartest in the world, according to a number of financial experts and business participants within the activities of the fourth annual summit of the banking innovation in the Middle East.
As a result of investment in advanced technologies such as the analysis of large data and cloud computing and mobility, it is expected to increase total spending technical financial institutions in the markets, the big four in the Middle East and Africa and the United Arab Emirates, Saudi Arabia, South Africa, and Turkey compound annual growth rate of eight percent to 5.8 billion USD in 2018, according to the Research Foundation and International Studies, "IDC IDC".
In this regard, said Nader Basilar, director of the banking sector, telecommunications, Unit Business Solutions "Omenks International", one of the main sponsors of the summit, the fourth annual Innovation banking in the Middle East: "facing the financial and banking institutions Middle East challenges in IT systems inherited to support the next wave of mobile banking services, and in light of the commitment to information security policies strict government., and take advantage of the latest IT solutions, banks will support the Middle East to push the concepts of innovation, competitiveness and become the smartest in the world. "
It is expected to achieve the banking sector in the Middle East double-digit growth in revenue this year, according to released by the Boston Consulting Group, as banks are looking for ways awarded excellence and keep them apart from the competition.
The mobile banking one of the most prominent key growth areas, and occupies the United Arab Emirates ranked third in the world in the field of adoption services, mobile banking, according to a recent study issued by the company "feed ABN SAP", also owns the United Arab Emirates also one of the highest prevalence rates smartphones in the world, according to a report Google "mobile planet."
And provide "Omenks International" a range of solutions to help banking customers in the region with regard to risk management, business analysis and data security and mobility.
Thursday, 02 October 1 / Okrudolf 2014 10:58
[Baghdad-where]
Said a member of the parliamentary Economic Committee, said the budget for fiscal 2014 will be read in parliament after Eid al-Adha holiday.
It showed Nora Albjara told all of Iraq [where] he "was stopped granting loans and advances for the failure to approve the financial budget, pointing out that" the delay to pass the budget and dramatically impact on the economy of the country and not only on the exchange of loans and advances. "
She explained that "the sanction of a major emergency budget has been spent on Nazhieddin, to advocate the importance of expediting passage of the budget for fiscal year 2014 that if passed banks can re-work regardless of loans and advances to the citizens of New.
The Cabinet had briefed him in his statement, according to its last Tuesday on "The figures prepared by the Ministry of Finance on the Kurdistan region, and instructed the ministry to complete figures prudent entitlements from the federal budget projected revenues from the export of oil from the region."
As said Mahdi Keywords Director of the Office of Prime Minister Haider al-Abadi in a press statement on Wednesday that "the Council of Ministers held a session in the holiday of Eid al-Adha to complete the discussion of the draft budget law for fiscal 2014," likely "deliver the budget bill to the House for approval soon."
The decision of the House of Representatives Niazi architecture Ihsanoglu said last Tuesday that "the Parliamentary Finance Committee ended last Sunday of drafting final conclusion of the report of the general budget in 2014 and sent to the Cabinet for information and discussion at the meeting scheduled for Tuesday's session of the Eid al-Adha as a prelude to bring it back to Parliament."
The head of the parliamentary finance committee temporary Magda Tamimi confirmed earlier that "the House of Representatives will present the general budget bill for first reading if they come from the government.
She said that "the parliamentary committee handed the Minister of Finance Agency Mohammed Xiaa Sudanese group reports and proposals for amendments to be included in the general budget for 2014 and forwarded to the ratification of Parliament"
By Mark DeWeaver.
Falling prices and higher dividends have led to a jump in ISX dividend yields this year. As of September 30, Rabee Securities’ RSISX index was yielding 4.5%, up from 1.5% in 2013 and 0.0% in 2012. Yields are also improving relative to local interest rates, which have been gradually declining.
The RSISX yield is now above Rafidain’s 4% savings deposit rate and is approaching the average deposit rate for all Iraqi banks. (See chart. Yield calculations are based on period-ending prices and index weightings. Average deposit rates are from Rabee’s most recent Bank Sector report.)
The conclusion of the last three years’ bank capital increases (see this post) is the main reason for this trend. Now that most banks have finally met the central bank’s IQD 250 bn capital requirement, a number have switched from making cash calls to paying cash dividends. So far this year, 7 of the 21 listed banks have made dividend announcements, compared to only 2 in 2013. The 7 include RSISX constituents BIME, BBOB, andBIBI along with BASH, BIIB, BNOI, and BMNS.
While foreign institutional investors—who generally are looking for capital gains rather than dividends—may be unexcited by this development, the local individuals who account for most of the trading are likely to see it in a more positive light. For them, cash payments are a sign that a company has actual earnings—something it’s hard to be sure of when financial reporting is viewed as unreliable. Locals are also more likely to compare dividend yields to deposit rates, bank accounts being the only other domestic financial asset available.
Since any further price declines would push the yield above the deposit rate, this year’s dividends should help to put a floor under the market at its current level. Assuming no deposit rate changes, we might expect this level to hold as long as aggregate dividends remain constant or rise.
I think this is a likely scenario, despite the recent decline in bank earnings (see my last post). While dividends at individual banks may fall, the number of banks paying them can be expected to increase now that almost all of their capital targets have been met.
Yields could even head higher.
Thursday, 02 October 1 / Okrudolf 2014 13:25
[Baghdad - where]
Search Iraqi parliament speaker Salim al-Amir and the Kurdistan Islamic Group, Mr. Ali Baber ways to complete the ministerial cab in the current government.
According to a statement to the House of Representatives received by all of Iraq [where] a copy of it on Thursday that " Jubouri discuss the issue with Baber complete ministerial cab and outstanding issues between the center and the region and the need for the cooperation of all the political blocs represented in the House of Representatives for resolving all problems through the role of the Legislative Council and in accordance with the Constitution. "
He added that " Was discussed in the security file and ways to deal of effort domestically and internationally, which addresses terrorist groups and the need to restore security and stability to every inch of the land of Iraq, stressing the necessity of solidarity by all Iraqis to end the suffering of the displaced and that everyone works to re-displaced families to their homes safe, ".
He noted that "the meeting, they discussed the latest developments in the political situation and the security file and the displaced."
He stressed the need for concerted Jubouri all political forces in order to accomplish the national benefits that it looks the Iraqi people and of providing security and stability and a decent life, and this process requires a coherent political and national consensus on building state institutions on solid foundations. "
For his part, welcomed Ali Baber visited al-Jubouri, expressing his pleasure with strong interest shown by Speaker of the House towards the problems and suffering of his people and the prominent role and outstanding in the Presidency of the Council of Representatives, expressing his willingness to cooperate everything possible to build a state beyond Iraq ordeal and start the reform process forward.
Thursday, 02 October 1 / Okrudolf 2014 14:10
[Baghdad-where]
Said a statement from the House of Representatives that the ministers of the Kurds in the federal government will begin their duties in Baghdad after the holiday of Eid al-Adha.
The statement came following a meeting between House Speaker Salim al-Jubouri today in Arbil with Kurdistan Regional Government President Barzani where they discussed the issue of the budget and how to resolve the outstanding issues between the center and the region and cooperation frameworks sides to solve all the problems and challenges that hinder the progress of the political process.
The statement said that the agency received all of Iraq [where] a copy of "The two sides also reviewed the political and security situations and displaced persons and the completion of my ministerial cab."
He said al-Jubouri, according to the statement "during the current circumstances the need to consolidate efforts for the completion of these important files, praising the efforts made by the provincial government, especially in the file displaced."
The President of the Parliament that the "size of the responsibility that took place on the shoulders of the region in the subject displaced a great responsibility and we appreciate the efforts made by the provincial government in cooperation with you and strive to lighten the burden of the displaced families fact that the subject file humanist in every sense of the word," according to the statement.
The statement pointed out that "al-Jubouri, stressed his eagerness to find a general atmosphere of understanding and cooperation between the center and the region at the level of the House of Representatives and the regional parliament, as well as all executive institutions."
For his part, Barzani pointed out that "the visit Jubouri represent a significant support to the region and his government in particular," stressing that he is "ready to cooperate unlimited to solve all the problems and outstanding issues between the federal government and the provincial government, declaring that the ministers of the Kurds in the federal government will begin their duties in Baghdad after the Eid holiday ".
He said the President of the Kurdistan Regional Government, according to the statement that "he intends to visit Baghdad soon to resolve all outstanding issues and move on to agreed to work together to build a state.".
And on file displaced Barzani said that he "will be a number of prompt measures to alleviate their suffering through the formation of committees to coordinate and at the highest levels with the House of Representatives and these committees will facilitate the entry and exit and set up for displaced people in all the provinces of the region, https://translate.googleusercontent.c...6lXIxLcRTo43qg
Zebari told Abadi: the return of the Kurd Ministers, in case of launching salaries of
Zebari told Abadi: the return of the Kurd Ministers, in case of launching salaries of the staff of the provincial
02/10/2014 11:53:00
Baghdad / NINA / MP, of the Kurdistan Alliance, Abdul Bari Zebari said that his Alliance told the prime minister Haider al-Abadi that the Kurd Ministers will come to the capital and perform sworn in case the late payment of salaries to the staff of the Kurdistan region paid.
Zebari said in a statement to the National Iraqi News Agency / NINA / that "the Kurdistan Alliance and the Kurdish parties in the region have not discussed replacing the Kurd Ministers and the nomination of candidates to the new ministerial cab."
He added: "The replacement of the Kurd Ministers in new candidates, is subjected to the decision of the leaders of the Kurdish parties in agreement with the presidency of the region."
He noted that "the security situation and confrontations waged by the Peshmerga forces to hunt down terrorist organizations, at the forefront of the reasons for non-attendance of Kurd ministers to Baghdad."
Firouzabadi : Americans, British and French are seeking to acquire the oil of Iraq
Firouzabadi : Americans, British and French are seeking to acquire the oil of Iraq
02/10/2014 12:13:00
Tehran/ NINA/ A senior Iranian military commander criticized military operations of the international coalition led by the United States in Iraq and Syria, considering these operations in pursuit of oil.
The head of the General Command of the Armed Forces, Major General Sayed Hassan Firouzabadi said that the main goal of America is to take over oil resources in the region, especially in Iraq and imported it cheaply.
He attacked the British government for its participation in these operations, saying that British directing Americans, French artfully as they are trying to get oil.
sczin11= Shhhhh!! it's a secret... BUT, reported in the news
A secret meeting between al-Maliki and al-Jubouri 14:49 02/10/2014 Meet with House Speaker Salim al-Jubouri, Vice President Nouri al-Maliki in a secret visit had not seen them and the media.
But a source familiar with the al-Jubouri said al-Maliki and they discussed during their meeting on the security ministries and the threats posed by regulation Daash on Iraq and the region, they would likely have locked in the search performance of the government of Prime Minister Haider al-Abadi and recent decisions that have been taken.
Thursday, 02 October 1 / Okrudolf 2014 15:02
[Baghdad-where]
Announced the General Secretariat of the Council of Ministers to determine the length of time to develop a study to privatize state-owned companies, according to the decision of the Council of Ministers last.
According to a statement received by all of Iraq [where] a copy of it, "The Council decided at its regular meeting held last Tuesday to take over the board of advisers in the Presidency of the Council of Ministers to provide a comprehensive view of the Council of Ministers on how to deal with public companies, state-owned within a period not exceeding three months from the date of issuance of this decision. "
The Cabinet had decided at its regular first Tuesday to form a committee in the board of advisers using United Nations organizations to prepare a comprehensive study on the success of the conversion process for state-owned enterprises to the private sector provided to ensure workers' rights and improve their living standards by raising the efficiency of these companies or adapted as agreed With this goal.
As Director of the Office of Prime Minister Mahdi Keywords that there are state-owned companies lose millions of dollars due to foreign competition and a weak Alanteg.anthy
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