The Dinar Daily, Sunday January 18, 2015

[sczin11]

Detection projects "fake" in Baghdad


20:09
01/18/2015
Chairman of the Parliamentary Integrity Talal Khudair Zobaie detection, Sunday, for the receipt of information to the Commission stating the existence of a large number of projects, "Phantom" in Baghdad, and as he pointed to the existence of committees of inspection would investigate the matter, confirmed his intention to refer all defaulters to eliminate.

Zobaie said that "the integrity of the parliamentary committee formed earlier subcommittee mini to detect lagging projects," pointing out that "this committee will be a field to indicate the reasons for the reluctance of the projects on the ground, with the help of technical experts and Hendsien."

He Zobaie, that "there is information we received stating the existence of large numbers of phantom projects", alluding to "the existence of self disbursed to companies neglected projects assigned to them, and therefore the duty of the mini-committee revealed the circumstances occurring on these projects and the referral of all defaulters to the Iraqi judiciary."

The Committee on Parliamentary Integrity pledged in (January 11, 2015), the formation of parliamentary committees for follow-up field projects lagging in the province of Baghdad and the Secretariat of Baghdad.

https://translate.googleusercontent.c...35j4jfDRMowwBA

[Holly1]

01/18/2015 15:47


Central: our reserves of the best reserves

BAGHDAD / Obelisk: The Central Bank of Iraq, Sunday, that the bank reserves is one of the best reserves in the world, and while he noted covers currency and a half times, said the financial crisis that has plagued Iraq is resolved in the structuring of the economy and diversify sources.

The governor of the bank on the Keywords in an interview for a number of media, including "Alsumaria News", "The Bank retains the highest rates of good reserves of hard currency in the world compared to the money supply," adding that "these reserves still cover the money supply and a half times ".

He Keywords that "reserves are changing on a daily basis depending on oil exports as the dollar comes from these exports, in addition to coverage of imports which are variable elements," noting that "what Iraq faces today from a financial crisis resolved through utensils solutions to internal and external such as loans, while be long-term solutions through a review of the restructuring of the economy through the budget preparation and rationalize spending and diversification of income sources and attract foreign capital. "


The Iraqi Central Bank announced in October 2013 for the arrival of the size of its reserves of hard currency to 76 billion and $ 500 million, noting that "it is the highest rate of the Bank of the currency in the history of Iraq.

Central Bank of Iraq and held daily for the sale and purchase of foreign currencies with the participation of Iraqi banks sessions, with the exception of public holidays in which the Bank stops these auctions, sales and be either in cash or in the form of remittances sold abroad in exchange for a certain commission.


https://almasalah.com/ar/news/45317/%...A7%D8%B7%D9%8A

[sczin11]

SCZIN11- LOOK AT THESE WORDS..



EU: we have 200 million euros to finance multiple projects in Iraq

Editor Mohammed Shafiq - Sunday January 18, 2015 20:41

EU ambassador in Iraq Jana Haabashkova

Alsumaria News / Baghdad Announced the ambassador of the European Union in Iraq Jana Haabashkova, Sunday, to provide 200 million euros to fund multiple projects through the Ministry of Planning. A statement to the House of Representatives "Alsumaria News" received a copy of it for saying during Haabashkova received by the head of the Foreign Relations Committee Khudair Chuird, "The Union has provided 200 million euros to fund multiple projects across the Iraqi Ministry of Planning." Haabashkova added that "the assistance provided by the EU, which are made through reliable organizations such as the cross and Red Crescent Societies," pointing out that "this aid received in my eyes, and include the necessary acquisition of medicine, water and food needs." And demanded the Ambassador members of the Foreign Relations Committee to " lend a helping hand to pass a financial cooperation agreement which the European Union scheduled to be held by the European Investment Bank with the Iraqi Ministry of Finance, which contribute to the financing of Iraq, about 200-300 million euros, and by the Council of State to the reservation to be held to conflict with applicable laws. " The European Union recently announced it had raised its aid to Iraq by three million euros on the back of increasing numbers of displaced people from Anbar by the fighting in the province between the regular forces and gunmen.

https://translate.googleusercontent.c...MF64LaoX-5-eKw

[Romello]

Iraq agrees to supply Egypt with 4 million barrels of oil per month
Sunday, 18 January 2015 14:50
Shafaq News / An official in the Egyptian Ministry of Petroleum said on Sunday that Iraq and Egypt agreed to a request to supply 4 million barrels of crude oil per month with facilities currently under negotiation between the two countries.

The Egyptian official, who requested anonymity, told the Anatolia News Agency, that these quantities equivalent to about 133 thousand barrels per day, which will contribute to provide a great deal of Egypt's needs of crude oil.

Domestic demand for petroleum products in Egypt exceeds 2.1 million barrels per day, by a deficit of up to 500 thousand barrels per day, is being imported in the form of diesel and gasoline products, according to the Ministry of Petroleum and statistics.

The official explained that Egypt has asked Iraq to repay the credit facility along the lines of its agreement signed with Kuwait, allowing Egypt to pay for shipping after 9 months of receiving it, but Iraq demanded to reduce the allowed period in line with the needs of the financial period.

Egypt has taken negotiations with Iraq to import 4 million barrels of oil in 2013, but the negotiations have been suspended over demands by the Government of Iraq at the time of their Egyptian counterparts to provide some of the credit requirements on the value of shipments.

Kuwait Petroleum Corporation is currently supplying three million barrels of crude per month, in addition to 1.2 million tons of diesel per year and 120 thousand tons of jet fuel annually to the Egyptian Petroleum Authority facilities in repayment.

Petroleum Ministry official said that due to the magnitude of the contracted volumes, which up to four million barrels per month, it makes sense that Egypt gets payment facilities.

Refining Iraqi crude oil in by Egyptian refinery plants contributes in the provision of 7 thousand tons per day of diesel fuel, 5 thousand tons of gasoline per month in addition to the amount of diesel fuel needed for power plants.

Vice President of the Egyptian General Petroleum Corporation (government) for Operations, Engineer Amro Mostafa said that the Egyptian refineries are currently operating at about 75% of its production capacity, as a result of the shortage of crude oil.

Mustafa said in remarks made during his participation in the economic conference in Cairo last November that the total energy of the Egyptian coefficient is 35 million tons of refining, but it is currently refining 25 to 26 million tons, he said.

Egypt has 12 refineries and is currently implementing a plan for the development of these plants at an investment cost estimated at $ 18 billion. https://english.shafaaq.com/index.php...-oil-per-month

[Romello]

Abadi to visit London to discuss terrorism and participate in "the most important economic forum in the world”
Sunday, 18 January 2015
Shafaq News / It is scheduled for the Iraqi Prime Minister , Haider al-Abadi to go London to participate in the conference of the international coalition on terrorism by participating in a global economic conference in Switzerland.

Rafed al- Jabouri , the media spokesman of the Prime Minister's Office told “Shafaq News" that "Abadi will leave to London by the end of this week, and then will pay a visit to the Davos economic" conference in Switzerland.

He explained that " Davos conference has also a political nature but it is mainly of economic basis," asserting that “ Abadi’s visit to London aimed at "coordinating and communicating extensively with the international coalition countries that fight terrorism."

He also said that the presence of al-Abadi in Davos conference aims to submit Iraq's voice , the most important economic forum in the world. "

More than 40 world leaders are participating in the Forum as well as businessmen to discuss the economic challenges facing the world. https://english.shafaaq.com/index.php...m-in-the-world

[Romello]

Parliamentary Finance agree on the allocation of two dollars within the petro-dollar project to Basra

BAGHDAD - A bumpy s Press - January 18: Although the draft financial budget law, according to the report of the parliamentary finance committee noted that the expenditures in the development of the regions and provinces and the program petrodollars, adopted the amount at the rate of $ 2 and that he was distributing $ 1.8 trillion dinars between provinces, equivalent to of $ 1 and was listed second, equivalent to the dollar within a table to be cashed at Thakqq increase in oil revenues, announced the parliamentary finance committee for approval of the allocation of two dollars within the budget of the province of Basra in the petro-dollar project.

A member of the Commission, Haider al-Kaabi said "the Committee hosted the last meeting, the governor of Basra, Majed Nasraoui, it was agreed to two dollars from petro-dollar project to Basra exchange", pointing out that "the Committee also hosted the head of the National Intelligence Service to discuss his constituency allocations in the budget." Admiral ended https://www.iraqpressagency.com/ar/20...8%D9%84%D8%A7/

[Romello]

Parliamentary Integrity: Re-rule in the case of the Central Bank and the strongest evidence of the innocence of the charges Shabibi
Editor Ali Jasim - Sunday January 18, 2015 14:52

Alsumaria News / Baghdad
Committee announced the Parliamentary Integrity, Sunday, re judgment in the case of the Central Bank "from scratch," according to the law in the presence of the former Bank Governor Sinan al-Shabibi, as shown that the evidence of innocence in this case is stronger than the prosecution evidence, confirmed that it has completed 3007 issue.

Committee Chairman Talal Zobaie at a press conference today, the parliament building, and attended "Alsumaria News", "the Parliamentary Integrity Committee visited the Presidency appeals court Baghdad Rusafa and discussed with the President of the Court and judges of integrity and prosecutors investigative procedures in completed cases and reasons for delay in resolving a number She also discussed the issues of my Baghdad Secretariat and the Central Bank. "

Zobaie He added that "the number of cases referred to the court in the previous period was 3526 issue and the number of completed including 3007 issue between the release and the closing for lack of evidence and the assignment and governance," explaining that "the Court of Appeals Baghdad Rusafa returned the verdict in the case of the central bank from scratch, according to the law in the presence of the Governor Former Bank Sinan Shabibi, who was released because exculpatory evidence was stronger than the prosecution evidence. "

Zobaie and that "there is a section of the staff ruled because of fraudulent invoices and other provisions will be issued at some banks," he said, adding that "part of the proposed treatment is a letter of credit in an auction sale of the currency."

Zobaie and continued that "the Baghdad Municipality file has been discussed how to support the competent court to government tenders and to develop specific criteria for tenders and create a regulatory point in conducting tenders and contracts and discuss the issue of excessive speculative costs and finding appropriate solutions to them."

The head of the Supreme Judicial Council, Medhat al-Mahmoud, announced that, in the (January 11, 2015) that the former Central Bank Governor Sinan al-Shabibi and former Minister of Communications Mohammed Allawi ahead stabbed judgments issued against them were being released, confirming that the release of al-Shabibi, Allawi was legally and without pressure.

A spokesman for the judiciary Judge Abdul Sattar Bayraktar, in (December 22, 2014), that the competent criminal court to consider the fairness issues in Rusafa ruled the release of former central bank governor Sinan al-Shabibi and Telecommunications Minister previous Mohammed Tawfiq Allawi, attributing the reason for that not to insufficient evidence.

It is noteworthy that the Iraqi judiciary issued in (4 September 2014), was sentenced to seven years imprisonment against former Central Bank Governor Sinan al-Shabibi based on the charges against him during his administration of the Central Bank.

It is noteworthy that Communications Minister Mohammed Tawfiq Allawi, has submitted his resignation of former Prime Minister Nuri al-Maliki on the background and suspicion in Mali corrupted files affected his ministry and the attempts by some telecommunications companies pass shady deals in Iraq, which was denied by the Minister of Communications, asking not pushing his ministry in the political differences and intersections.

https://translate.googleusercontent.c...MapYNyw‏

[Romello]

Jaafari: We face a third world war against Daash Sunday January 18, 2015 Alsumaria News / Baghdad
Said Iraqi Foreign Minister Ibrahim al-Jaafari, Sunday, said the organization " Daash "pose a threat to Europe and not Iraq only, while noting that Iraq is facing a third world war against "Daash."

Jaafari said in a press conference held today, with Turkish Energy Minister Taner Yildiz Building Ministry of Foreign Affairs , attended by "Alsumaria News" that "Turkey stands by Iraq to ward off danger," noting that "Daash threatens all countries of the world, including the continent of Europe."
He said al-Jaafari, "Today we face a common threat, but we face a third world war, a war against Daash."

The al-Jaafari said, in (November 23, 2014), that the organization "Daash" did not begin in Iraq will not end it, and as pointed out that the Sunni component most affected by the "terrorism", consider that what we are witnessing today a "real world war." https://translate.google.com/translat...7%25D9%2584/ar

[Romello]

Central bank: our reserves of the best reserves in the world and covers the currency and a half times
Sunday January 18, 2015 Alsumaria News / Baghdad
The Central Bank of Iraq, Sunday, that the bank reserves is one of the best reserves in the world, and while he noted covers currency and a half times, said the financial crisis in Iraq is resolved in the structuring of the economy and diversify sources.

The governor of the bank on the Keywords in an interview for a number of media, including "Alsumaria News", "The Bank retains the highest rates of good reserves of hard currency in the world compared to the money supply," adding that "these reserves still cover the money supply and a half times ".
He Keywords that "reserves are changing on a daily basis depending on oil exports as the dollar comes from these exports, in addition to coverage of imports which are variable elements," noting that "what Iraq faces today from a financial crisis resolved through utensils solutions to internal and external such as loans, while be long-term solutions through a review of the restructuring of the economy through the budget preparation and rationalize spending and diversification of income sources and attract foreign capital. "

"The financial institutions that can support can not plug in the budget that are at high levels."

The Iraqi Central Bank announced in October 2013 for the arrival of the size of its reserves of hard currency to 76 billion and $ 500 million, noting that "it is the highest rate of the Bank of the currency in the history of Iraq.

Central Bank of Iraq and held daily for the sale and purchase of foreign currencies with the participation of Iraqi banks sessions, with the exception of public holidays in which the Bank stops these auctions, sales and be either in cash or in the form of remittances sold abroad in exchange for a certain commission. https://translate.google.com/translat...7%25D9%2584/ar

[Romello]

No floor price in horizon for oil

Published January 18th, 2015 - 15:01 GMT via SyndiGate.info

Oil plunged close to six-year lows last week on oversupply worries, before staging a slight recovery as the International Energy Agency (IEA) declared there were signs that “the tide will turn”.

Commodity investors also digested the Swiss central bank’s shock move to abandon its policy of weakening the franc, while traders readied for this week’s pivotal European Central Bank (ECB) meeting.

Some commodities were weighed down by the strong dollar. The euro hit an 11-year low on Friday under $1.15 on the increasing prospect of fresh stimulus from the ECB, dealers said.

European benchmark Brent tumbled on Tuesday to $45.19 per barrel, a level last seen in March 2009, while New York crude struck a similar low at $44.20.

“How low the market’s floor will be is anyone’s guess,” the IEA watchdog said in a monthly report on Friday. “A price recovery — barring any major disruption — may not be imminent, but signs are mounting that the tide will turn.”

The IEA maintained its oil demand forecast for 2015, expecting it to grow by 0.9 million barrels a day to reach 93.3 million barrels. The agency also cautioned that prices were expected to keep falling in the short-term.


The oil market had fallen on Thursday on news that the Organisation of Petroleum Exporting Countries (Opec) had overproduced in December. The 12-nation Opec said in a monthly report that its production rose to 30.2 million barrels a day in December, above its 30 million limit. It also projected that demand for its oil would fall to 28.8 million barrels per day this year from 29.1 million in 2014.

By Friday on London’s Intercontinental Exchange, Brent North Sea crude for delivery in March eased to $49.50 a barrel from $49.67 for the February contract the previous week. On the New York Mercantile Exchange, West Texas Intermediate or light sweet crude for February reversed to $47.16 a barrel from $47.96.

Meanwhile, gold rallied to a four-month peak at $1,279 per ounce on Friday, as investors sought shelter from ongoing markets turmoil.

“Gold has rallied to its highest price since September ... as the massive appreciation in Swiss francs has prompted a new wave of demand for safe havens,” said CMC Markets analyst Jasper Lawler.

By Friday on the London Bullion Market, the price of gold rallied to $1,277.50 an ounce from $1,217.75 a week earlier. Silver climbed to $16.92 an ounce from $16.24. On the London Platinum and Palladium Market, platinum grew to $1,262 an ounce from $1,225. Palladium edged down to $757 an ounce from $795.

The price of copper tumbled to the lowest level for more than five years after the World Bank slashed its global economic forecasts. Copper dived on Wednesday to $5,353.25 per tonne, last witnessed in July 2009.

https://www.albawaba.com/business/whe...zon-oil-645802