NEWSTIME With MadDScout and Company - Thursday, January, 12th, 2017
MadDScout says(6:33 PM): Good evening and welcome to DU Newstime for Jan 12 2017 1bobby says(6:33 PM): whats up andrew ABNewsflash says to 1bobby(6:33 PM): tons of good news hard to discuss it all Suprkat says to 1bobby(6:34 PM): Evenin'! 1bobby says(6:34 PM): I hear ya. MadDScout says(6:34 PM): We have our crew with us tonight we have Kaleigh = OkieDinar Okie Dinar says(6:34 PM): Hi MadDScout says to Okie Dinar(6:35 PM): Do you have our rules? Okie Dinar says(6:35 PM): PLEASE BE NICE TO OUR COPIERS AND MODS DURING NEWSTIME AND PLEASE WORK WITH US TO KEEP OUR QUESTIONS AND COMMENTS IN AN AREA OF WHEN WE ASK FOR QUESTIONS OR COMMENTS. ITS REALLY TOUGH ON THE COPIERS WHEN IT IS SCATTERED AND ALSO REQUIRES MORE TIME TO COLOR AND PRODUCE. IT IS ALSO HARD FOR OTHERS TO READ AT A LATER DATE. SO AGAIN PLEASE BE NICE TO THEM AND LETS KEEP THE COPY IN ORDER. THANK YOU FOR YOUR UNDERSTANDING! If YOU HAVE A QUESTION - USE A ??
MadDScout says to Gigi813(6:36 PM): We have Regina =Gigi813 are you here?
Gigi813 says(6:38 PM): Dear Heavenly Father thank you for bringing us all together this evening .. Thank you for guiding this discussion tonight ... thank you for revealing the Plans you have for us ... plans to prosper us and not harm us ... and to give us a hope for the future ... help us to continue to be your hands and feet in this lost and hurting world. Give All those who are stepping up to lead us in this study Wisdom and Insight and Bless them with patience and compassion ... reveal Truth and make obvious any deceptions ... please Lord wrap your arms around all those who are hurting and struggling... give them peace ... be with the Brave Men and Women who are engaged in battles to defeat an evil enemy ... Keep them safe ... I pray this time together Brings You Glory and Honor ... In Jesus Name Amen Okie Dinar says(6:38 PM): Amen!!!! SRW says(6:38 PM): Amen cricket22 says(6:38 PM): (L) Amen (L) Suprkat says(6:38 PM): AMEN! ABNewsflash says to Gigi813(6:38 PM): Amen and Thank You Regina john09 says(6:38 PM): Amen MadDScout says to Gigi813(6:38 PM): Aman and thank you Regina bibi says to 1bobby(6:38 PM): Amen! dale says(6:38 PM): Amen 1bobby says(6:38 PM): AMEN sagecanyon says(6:39 PM): Amen wilson6060 says(6:40 PM): Amen BGG says(6:41 PM): Amen pacella says(6:41 PM): Amen MadDScout says to BGG(6:41 PM): Good evening (y) magnetlady says(6:41 PM): AMEN BGG says(6:41 PM): Good evening
MadDScout says(6:42 PM): We are going to start off with a good report
ARTICLE 1
Central: we have 20 trillion dinars to help the government cope with the financial crisis
01/12/2017 (0:01 pm) - The number of readings: 167 - Issue (3824)
Baghdad / term
The Central Bank, yesterday(1/11), his contribution to alleviate the repercussions of the financial crisis in the country by 75%, confirming that he had submitted to the government 20 trillion dinars to secure the financial budget requirements.
The governor of the central bank on the Keywords, in a speech during the Iraq Banking Forum held in the Lebanese capital Beirut and followed its proceedings (range), "The Central Bank has provided 20 trillion dinars, the Iraqi government to boost liquidity and securing the budget requirements."
Keywords and added that "Iraq was able to overcome the great challenges during the year 2016 because it was a difficult year due to the financial crisis," adding that "the central bank contributed to the reduction of the financial crisis on Iraq by 75%."
And saw the Governor of the Central Bank of Iraq that "the future holds pointers to improve the economic situation by reducing the budget deficit and rising oil prices worldwide and the international support for Iraq," he expected that "Iraq will receive between 15-18 billion dollars from the World Bank and the International Monetary Fund in the coming years ".
Keywords and noted that "the strategy of the central bank related to the development of infrastructure and the creation of the start of a broad base of electronic payments."
And it began the third session of the Forum with the participation of Iraq's banking Governor of the Central Bank of Iraq on the Keywords in cooperation with the Iraqi private banks association, along with 350 other senior officials in the Iraqi and Lebanese banking sector and companies money, financial services and information technology in Iraq and Lebanon.
On the other hand, he stressed the depositary Handal, president of Association of private banks, that "the Iraqi banking sector affected by the financial crisis and economic recession, however overcome obstacles prey to the risk of compliance and money laundering," noting that "the banking sector is keen to develop relations with correspondent banks" .
ofatt Bitter melon that "the Association of banks seek to implement the central bank's plan in the field of lending to citizens in the light of the 6 billion initiative for this purpose in order to support small and medium enterprises and revitalizing the Iraqi economic sector."
He stressed the need to "do government agencies to pay employees' salaries through private banks like Central Bank."
Turn Joseph Tarabay, Chairman of Banks in Lebanon Association said, "We have to increase coordination and cooperation between Iraq and Lebanon in the field of banking activity and contribute to sustainable development in Iraq," stressing the need to "strengthen the banking experience in both countries and the use of modern technical means in the banking activity and ensure the safety of the banking business in both countries. "
For his part, Riad Salameh, the governor of the Bank of Lebanon, "long sought the Bank of Lebanon to establish better relations with the Arab central banks, particularly the Central Bank of Iraq, because of this relationship is important for the exchange of banking technologies that enable the convergence of Qtaina bankers. But this convergence positive impact on the economy in both countries. "
Central Bank: We played a great role in transit crises and there is high confidence between Iraq and Lebanon 1/11/2017
The governor of the central bank on the Keywords, on Wednesday that the bank played a "significant" role in Iraq from crossing the financial Dhaigueth, as pointed out that the Central seeks to restore confidence between him and the private banks.
Keywords and said in a speech during the Iraqi banking forum held in Beirut, according to a statement his office, said that "there is a high degree of trust between Iraq and Lebanon are born deeper financial translated the work of Lebanese banks work in Iraq despite the environment experienced by Iraq."
"The year 2016 was the most difficult because of what he fronted the country of security and economic conflicts and overcome them victories achieved on Daesh terrorist gangs, so we look forward to 2017 for the promise of victory to crush this terrorist organization and turn this dark page".
Keywords and pointed out that "the coming days because the calls us optimistic due to improved economic conditions and financial indicators after the rise in oil sales prices and the reduction of the fiscal deficit, not to mention determination and rallying friends of Iraq from countries around the world to help in the construction of the liberated areas."
He pointed out that "during the difficult events that prevailed in Iraq during the 2016 Central Bank played a key role in the restoration of the financial situation that was dangerous because of Iraq's dependence on oil and the continuation of necessary expenses for the salaries of staff and military expenditures and displaced people, through the treasury transfers up to 20 trillion dinars."
And the central bank's position on the private banking sector between Keywords that "the current phase is witnessing steps to strengthen him confidence between banks through direct contact between the government and other institutions to shore up confidence in my work and in this context, the Bank increased the ceiling for credits and allow for the banking sector to participate in the resettlement of salaries to employees and to convince government distribution of salaries to employees. "
He continued that "the central bank has taken a number of regulatory actions and the application of electronic programs and the application of strict rules on compliance with the rules of the Anti-Money Laundering and the Financing of Terrorism Act has received international acclaim and led to the ousting Iraq from the gray area which enhances the confidence of financial transactions Iraq."
https://www.al-mawqif.com/40538
MadDScout says(6:46 PM): ARTICLE 3
Some headlines and exerpts from the Beirut Banking conference:
Central optimistic improvement in the economic situation is likely to get $ 18 billion in loans
The Central Bank of Iraq, on Wednesday, his optimism improved domestic economic situation and reduce the budget deficit, noting that focuses on creating a platform wide electronic payment and strengthen prudential supervision system compliance and governance, while calling for the resettlement of staff eligibility banks salaries Bankers Association, Lebanese bank officials stressed the importance of cooperation between the two countries and compliance with international requirements and regulations relating to engagement banks globalized banking and cooperation between the Arab countries, transparency and automatic exchange of information.
https://www.dinarupdates.com/showthread.php?45424-Central-optimistic-improvement-in-the-economic-situation-is-likely-to-get-18-billion
MadDScout says(6:47 PM): ARTICLE 4
Association of private banks signed a memorandum of understanding with the firm KPMG for the exchange of banking experience
01/11/2017 BAGHDAD / tomorrow Press: Signed Iraqi private banks association, on Wednesday, a memorandum of understanding with KPMG International, in order to exchange banking experience. According to a statement of the association it received "Tomorrow Press" copy of it, "on the sidelines of the Iraqi banking forum held in Beirut and the Association of Banks signed a memorandum of understanding with the firm (KPMG) International related areas of training and exchange of banking experience." And that "such as the Association of private banks by signing Executive Director Ali Tariq ceremony while like KPMG International Inc. Hatem Qawasmi." He added that "the MoU include exchange of experience in training and professional and institutional fields and programs, including helping to raise the professional level of performance to employees of banks and other financial institutions." MadDScout says(6:48 PM): He explained that "the memorandum provided for the establishment of workshops and training courses in all areas of banking," noting that "the training courses will be held in the capital Baghdad and the varied topics on international accounting and financial accounting, internal audit, risk management and compliance standards." He noted that the "memorandum of understanding provides for regular meetings between the two sides to discuss the stages of implementation and the development of bilateral cooperation."
Complete loan guarantee agreement between Iraq and America next week.
2017/1/11 14:30
The Finance Ministry said Wednesday, completing the loan guarantee agreement between Iraq and America next week.
The Ministry statement said each agency receives Iraq [where] "under the Ministry of finance Fadhil Nabi Othman Wednesday met with representatives of the U.S. Agency for international cooperation USAID and representatives of the U.S. Embassy in Baghdad and discussed developments in the implementation of the loan guarantee agreement signed between the two Governments on 5 of the month which will hopefully be completed next week and complete the process of external bond worth one billion dollars."
https://www.alliraqnews.com/
MadDScout says(6:50 PM): ARTICLE 6
Industry announces the issuance of 50 decisions to protect the domestic producer
January 11, 2017 Iraq News
6 Number of visitors
BAGHDAD / IBN
The Ministry of Industry and Minerals announced obtaining the decisions of the General Secretariat of the Council of Ministers to protect the domestic producer with 50 affected by harmful business practices of local producers called for a review of the development department and industrial organization in the ministry for the purpose of making requests to protect their products.
The director of the Development Department and industrial organization in the ministry Alaa Moussa Ali, on Wednesday, in a statement received by Iraqi transmitter Network (IBN), "The ministry and through the Development Department and industrial organization has been receiving claims for protection of Iraqi products and investigate the issues that concern them in accordance with the rules approved by law and regulations implementing its provisions (1) for the year 2011 it has several resolutions issued by the Council of Ministers to protect Iraqi products which fifty domestic producer numbered and sectors of the public, private and mixed by imposing extra charges Kmarkip on goods and foreign goods imported and similar competition in the domestic market and to varying degrees included protect the textile and leather construction, food, pharmaceutical, electrical and chemical products, and the ministry continues to accept protection from harmful business practices and provided by local producers affected according to the contexts approved by law and instructions requests. "
He noted that "the issuance of the protection of Iraqi products Law No. (11) for the year 2010 was for the purpose of protecting Iraqi products from the increase is justified in imports and foreign dumping of goods and government support for foreign goods overseas," explaining that "the protection of Iraqi products and the law of customs tariff law No. (22 ) for 2010 and instructions to grant import licenses and the work of the Central Organization for Standardization and quality control and other health authorities viewfinder imported goods make up an integrated national system for the protection of national production integrated with the work of consumer protection and competition law and antitrust law. "
He said the Director-General that "the Ministry of Industry and Minerals an effective contribution in the development of comprehensive quality policy contributed to an awaiting Cabinet approval on what is stated in terms of which will be issued a number of laws quality control process within certain policies to meet the requirements that will make Iraq an active member of the international community." .
Iraq approves revival of nuke program for peaceful purposes
11 January 2017 12:24 (UTC+04:00)
Ankara, Turkey, Jan. 11
Iraqi President Fuad Masum has approved the revival of the country’s nuclear program for peaceful purposes, the presidential administration of Iraq said in a message Jan. 11.
The revival of the nuclear program is fully consistent with the principles of the International Atomic Energy Agency, according to the message.
It is also noted that it is planned to create a special commission to monitor the implementation of the nuclear program in Iraq.
“The revival of the nuclear program is a very important step,” the message said.
The Iraqi nuclear program was suspended in 2003 after the invasion of the US-led coalition forces to Iraq to overthrow Saddam Hussein, the country’s fifth president.
After the overthrow of Saddam Hussein, the US authorities declared that no nuclear bombs were found in Iraq, and the information that the Iraqi authorities intend to build nuclear weapons was a mistake of intelligence services of the US and the UK.
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