Parliamentary Integrity check corruption in real estate
Parliamentary Integrity Committee decided today to host the State Director of Real Estate.
BAGHDAD / Obelisk: revealed the decision of the Integrity Committee of the House of Representatives Juma Bureau, on Thursday, hosting Real Estate Director of State to investigate suspicions of corruption.
He said in a statement to the Court followed the "Obelisk", "The Parliamentary Integrity Committee decided today to host the State Director of Real Estate."
The Court added that "hosting comes against the backdrop of suspicions of corruption."
It is noteworthy that the financial and administrative corruption is spreading in Iraq dramatically, as Transparency International has been classified as the third country with most corrupt in the world after Somalia and Sudan, but the Iraqi government is often critical of the organization reports on corruption and considers inaccurate and based on the information they received by local and foreign companies failed to implement service projects in Iraq.
Financial Supervision objected to the placement of ur company to work in other government departments, staff
Network news Nasiriyah / time Shaykhli: ur public company said in Dhi Qar province, the Office of Financial Supervision objected to the placement of employees to work in other government departments, because it is the prerogative of the Ministry of Industry exclusively.
The general director of the company Haider month to network news Nasiriyah, that the Court of Financial Supervision objected to the company upon the recommendation of its staff to work in other departments, stressing that it is the prerogative of the ministry, which must provide for is irrespective employee's salary index does not remain within the responsibility of the company.
and ensure that the company has more than 3,750 member mostly redundant for the company's need and that enough a quarter of that number only, what drove her to thinking shall assign them to work in other government departments in the province.
He explained that the decision of the Court of control will prevent the placement of any employee anymore, despite the fact that many government departments in the province of Dhi Qar submitted requests for placement of employees have, including the Foundation prisoners and the Office of the province and the provincial council and the National Directorate of Security.
Iraqi government develop a plan to re-politicians dismissed the career service
Twilight News / Special Committee Bamufsolan politicians in the Ministry of Labour and Social Affairs looked through deliberative meeting at the headquarters of the General Secretariat of the Council of Ministers, develop an action plan to bring back laid-off politicians to career service in accordance with the mechanism of action has been prepared for this purpose.
The Director-General for Administrative and Financial Department Hamid Tarish in a statement, which said the meeting "was attended by the Committee has developed an action plan for the distribution of political separated from non-staff through recruitment in government sectors after receiving the decision of the Commission to verify the General Secretariat of the Council of Ministers and the introduction of grades finance them and customizations ".
He said the "Special Committee dismissed politicians file seeks to restore the rights that have been stolen by politicians who Azadhm former regime after the confirmation of the correctness of the information given by such witnesses," pointing out that "the ministries adopted the agenda of the Commission with respect to political Bamufsolan them back to their jobs through the identification data they have provided to the Committee with respect to the rest of the dismissed the Commission will adopt the new plan and appointment of new functional varying by the ministries need them. " https://www.kululiraq.com/?p=247503
Parliamentary Economy: not attract investors prevented the export of minerals
Attributed to the economic and investment commission parliamentary, neglecting investment and export of non-metals attract investors by investing bodies.
The Vice-Chairman of the Committee Harith Al-Harthy, told all of Iraq [where], that "the lack of cooperation negligently caused the export and investment phosphate precious of metallic and non-metallic materials, especially sulfur."
"The Mishraq site is the second site in the world in terms of the quality and abundance of sulfur net, but there is no media for the investor and there is no investment bodies attract investors."
He said Al-Harthy, "as there are no licenses for the export of this article, which helps oil, and lower prices under any circumstances can shut down the wells and the adoption of other resources."
The Al-Harthy, confirmed in 20 of last March, that the amendment of the Investment Law will be in the service of investors, and the elimination of routine in the country dealing with investors circles.
He said Al-Harthy, for [where], that "routine in government departments and standards reason to delay the issuance of investment licenses, as well as the lack of proper economic policy, which would last the economy and economic development, the private sector, Shell fully."
"The problems facing investors, are work permits are not issued, but a number of years, and the lack of access to land, as the territory of the state confined to the ministries, which closed the doors in front of them," stressing "the need for openness through more than one window to accelerate At the completion of work permits. "
It is said that, a member of the parliamentary finance committee Masood Haider, announced on 17 February last, for the development of a strategic plan for a period of 15 years to boost investment and to encourage foreign investors.
Said Haider's [where], that "the Federal Government's plan on investment with the National Investment Commission, as a conference was held in the last period and the development of a strategic plan for a period of 15 years for several stages related legislation and try to remove legal obstacles to investment and the fight against corruption and encourage foreign investors." ended 2
Foreign direct investment (FDI) in Iraqi Kurdistan from Dubai stands at $3.5 billion (Dh12.8 billion), with the government looking to attract further investment, according to Nawroz Mawlood Amin, Kurdistan’s Minister of Municipality and Tourism.
Emaar and Meydan are the biggest foreign investors in Kurdistan in terms of business value, followed by Turkey and Lebanon, Amin said.
The Kurdistan Investment Board, which was set up in 2006, issued 720 licences for local and foreign investments worth $42 billion over the last eight years.
FDI represent 20 per cent of the total value of these investments in the last eight years, with 10 per cent being joint venture investments and the other 70 per cent coming from local businesses, she said.
Industrial sector investment accounts for the lion’s share at 32 per cent of total investment, followed by tourism (16 per cent) and trade (8 per cent) relatively, according to Nawroz.
During the Annual Investment Meeting, the government of Kurdistan identified investment opportunities worth $10 billion mostly in the industrial, tourism, hospitality, construction, infrastructure, agriculture, health care, education and transportation sectors.
However, overall investment has fallen by almost 60 per cent in Kurdistan as result of the violence in most Iraqi cities following the rise of Daesh, as well as the economic and financial restrictions placed by the government of the former prime minister Nouri Al Maliki, she said.
Nawroz said that Kurdistan has a great investment potential, with its government currently revising laws and regulation to attract more investors.
As a result of its vast oil reserves and production capacity, Kurdistan has become a powerful player in the world energy market — something that allowed the region to thrive economically in a short time.
Mawlawi Jabar Wahab, head of the General Board of Tourism, said that the government of Kurdistan offers good incentives for foreign investors by providing land at minimal, tax-free prices and allowing for freehold ownership for the first ten years.
“However, there is still of bureaucracy in business registration as it might take six months to complete, an obstacle [that] should be eliminated to ease investment across Kurdistan,” Amin said.
Baghdad (IraqiNews.com) The morning session of the fourth Conference of Ambassadors headed by Foreign Minister Dr. Ibrahim al-Jaafari was held in Baghdad.
A statement by the Ministry of Foreign Affairs received by Iraqi News cited “The session was devoted to discussion of economic developments in Iraq and the world and the role of missions in this area and the issue of austerity and the government procedures in this regard and their impact on the work of the Foreign Ministry.”
“The Ambassadors also addressed with Finance Minister, Mr. Hoshyar Zebari, Minister of Planning, Dr. Salman al-Jumaili , Undersecretary of the Ministry of Oil Yarub Moussawi and director of the Oil Marketing Company (SOMO) Mr. Falah al-Amiri most prominent economic developments and oil prices and rounds of licenses and development plans, international cooperation and the most prominent that can be provided by the Iraqi missions in abroad, in addition to suggestions and discussions with the relevant ministries to reach the best ways in Iraq missions management in line with the current situation and the way that serves the interests of Iraq,” the statement concluded. /End/
IBBC Spring Conference: “Iraq 2015: Realising Potential”
The Iraq Britain Business Council (IBBC) Spring Conference 2015 will be held at the Mansion House on the 1st June and the Royal Overseas League on the 2nd June.
Baroness Nicholson of Winterbourne, IBBC Executive Chairman and UK Trade Envoy for Iraq, the Executive Committee and Council Members, will welcome distinguished speakers such as H.E. Mr Tariq Al-Khilkani, Iraq Minister of Housing and Construction, Dame Zaha Hadid, MP Rory Stewart, and Lord Howell of Guilford, amongst others.
The event’s first day at Mansion House will include sessions on the present situation in Iraq, Finance, Oil and Gas, and the Built Environment. IBBC members Shell, Standard Chartered and Garda World will be sponsoring the event.
The Spring Conference dinner will be held at the Simpson’s in the Strand by the Savoy Hotel.
The second day of the event at the Royal Over-Seas League will focus on Small and Medium Businesses in Iraq and will count with the participation of business representatives coming from al Governorates of Iraq.
For the first time in the history of the event there will be a limited number of tickets available to non IBBC members. Please see our website for more information: https://www.webuildiraq.org/events/spring-conference/
IBBC* is the foremost membership organisation facilitating international investment and trade into the Republic of Iraq. Its Executive Chairman (honorary) is Baroness Nicholson of Winterbourne. Full structures and Statues of IBBC including the present membership of its Executive Committee can be found on https://www.webuildiraq.org/structure-and-statutes/
Baghdad makes $455 million budget payment to Kurds for March
BAGHDAD, April 2 ( Reuters ) - Iraq's Kurdistan region received a $455 million budget payment from Baghdad for March, proof the national government honours a deal over the Kurds' oil policies, the country's finance minister said on Thursday.
Baghdad cut the budget payments in January 2014 over the semi-autonomous region's plans to export its oil through Turkey but reinstated them in December after the Kurds agreed to export an average of 550,000 barrels per day (bpd) from Ceyhan via Iraq's State Oil Marketing Organisation (SOMO) in 2015.
The agreement aimed to help Iraq increase oil exports at a time when revenues are strained by low global prices and the cost of fighting Islamic State insurgents who seized control of large areas in the north and west last summer.
"Both sides are committed to implementing the agreement in good faith," Finance Minister Hoshyar Zebari told Reuters .
Zebari, a Kurd, added that the payments had come in for the past five months. Iraq made its last payment to the Kurds for February earlier this month.
The semi-autonomous Kurdish region was promised 17 percent from this year's $105 billion national budget, which averages out to a monthly payment of $1 billion.
So far, neither side has been able to reach its immediate targets. The central government has severe cash flow problems, burdened by low oil prices and the war against Islamic State.
The Kurds have struggled to reach the export target of 550,000 barrels per day from their fields and from national fields in Kirkuk they are now responsible for exporting from.
Total Kurdish oil exports have now reached an average of 300,000 barrels per day, according to Zebari.
Both sides have displayed "a steady, insistent commitment" to honoring their deal, he said.
(Reporting by Ned Parker; Editing by Tom Heneghan) ((ned.parker@thomsonreuters.com)
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