ISO (International Standards Organization)
Economy News _ Baghdad: Yasser mutawalli ISO landmark franchise and get global companies as a testament discretionary do not need to review or doubt .. When you read ISO on any product you can adopt it and use it without any doubt or scrutiny.
Trade Bank of Iraq won this prestigious for the first time in Iraq certificate and the first institution of the financial and banking sector institutions.
This major in the performance of the Transitional Bank but confirms the Iraqi ability to improve the achievements of acclaimed.
The most important event that Mafi ISO missed the final race before and after the phase change.
This means the accomplishment of the Iraqi Bank Tjarhbkiedth Cheba and his team was able to revive this coherent favorite certificate internationally in dealing with the product obtained.
We hope that the production and service companies that Thzouhdhu this done, but now the doors wide open as long as the Iraqi Trade Bank to lift the siege on the monopoly of this certificate outside the walls of Iraq.
Words of thanks and praise for not enough for the Champions investigators this great victory under conditions in which the greatest need Mancon to bring our capabilities to this challenge very much hope the best to achieve this is the Iraqis didn Abah.
Read more: http://www.dinarupdates.com/showthread.php?50647-Iraq-s-army-encircles-Islamic-State-in-Mosul-s-Old-City-military
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“Flash Cast LIVE” – Tuesday (the 21st) w/BGG
Click here for Video Replay
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Iraqi forces foil IS attempt to retake liberated areas in western Mosul
Iraqi forces repelled on Tuesday an attempt by Islamic State militants to retake areas under security control in western Mosul as forces moved deeper in the group’s last enclave.
A security source told Shafaq News that Iraqi warplanes killed 23 IS members who were trying to sneak into al-Dindan district, south of the Old City, IS’s last enclave in Mosul. The source added that the militants were planning to take over government buildings including the courthouse and the local police department.
Iraqi forces took over Dindan district in March.
Iraqi forces, which invaded the medieval Old City district on Sunday, are primarily eyeing the Nuri al-Kabeer Mosque, the place where IS supreme leader Abu Bakr al-Baghdadi proclaimed taking over a third of Iraq and Syria in 2014.
Iraqi forces took over eastern Mosul in January and have been sweeping through the western side since mid February.
A few hundred IS fighters are believed to be entrenching in the Old City, seeking protection in the middle of 100.000 civilians who are believed to be used as human shields and shot dead once trying to escape.
Read more: http://www.dinarupdates.com/showthread.php?50649-Iraqi-forces-foil-IS-attempt-to-retake-liberated-areas-in-western-Mosul
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Enorrste (Dinar Guru) – Article: “The central bank prepares banks and transfer 25 million per month” Here is my take on this important development. It occurred to me that what we are seeing here is a plan to use some of the reserves to reduce the money supply in Iraq. The article makes clear that there is not a corruption problem. However, they are still putting some limits on the exchange (dinars for foreign currency). Furthermore…the CBI is making it clear up front that the banks will not be allowed to take advantage of the public who wish to purchase foreign currency. This means that they will be forced to give the foreign currency at the official rate rather than the market rate. As word of this gets out there will be more and more people who will want to surrender their dinars at that rate, thus saving many dinars by getting the foreign currency below the market rate. [post 1 of 3….stay tuned]
Read more: http://www.dinarupdates.com/observer/
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MadDScout (Dinar Guru) – Article: “The Association of Private Banks appoints a temporary chairman” Quote: “the president of the association was accused by specialists on many charges, including providing false information to the Central Bank of Iraq to achieve personal benefits…” I like this one because it speaks to internal house cleaning…House cleaning within the banking association. It says that eventually being corrupt will be of no gain.
Read more: http://www.dinarupdates.com/observer/
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Saudi Arabia: Our hearts are open and all doors are open to economic cooperation with Iraq
Prime Minister Haidar al-Abadi discussed with Saudi King Salman Bin Abdul Aziz the strengthening of relations between Iraq and Saudi Arabia, stressing that all doors are open to cooperation with Iraq and are ready for joint cooperation in all fields.
A statement issued by the Office of Abadi said that he discussed with King Salman ways to enhance cooperation and develop relations between Iraq and Saudi Arabia in all fields.
King Salman expressed his heartfelt congratulations to the Prime Minister and his accompanying delegation. He said that our hearts are open and all doors are open to cooperation with Iraq and are ready to help and cooperate in economic, trade, borders, private sector, businessmen and mutual interests.
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Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence. George Washington
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Governor of Diyala to British Ambassador: Our doors are open to your companies and investors
Baghdad – Journal The Governor of Diyala Muthanna Tamimi during a meeting with British Ambassador in Baghdad, Frank Baker, the readiness of his province to receive British companies and investors, to contribute to the implementation of projects and construction and reconstruction are available.
A statement issued by Al-Tamimi’s office received a copy of the Journal News that the governor briefed the British ambassador on Diyala’s economic, investment and investment opportunities.
Tamimi said in the meeting, the readiness of his province to receive British investment companies, especially that “the stability of the security situation in Diyala will encourage to bring investors to it.”
While the British ambassador expressed his country’s readiness to provide assistance in the file of reconstruction and investment projects in the whole of Diyala.
Diyala province is witnessing security and economic stability after the liberation of the areas controlled by “Dahesh” during the year 2014.
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The first investment conference was held for the end of July
Trend Press / Baghdad The Chairman of the Sub-Committee for Investment in the House of Representatives Burhan Mamouri agreed with the National Investment Commission to hold a special investment conference in Diyala province to view all investment opportunities in the province and in various sectors.
Al-Maamouri said in a statement received by “Trend Press” on a copy of it, “he met with the President of the National Investment Commission Sami Araji and it was agreed to hold a special investment conference in Diyala in late July or early August, which will be presented all the investment opportunities available in the province and include various sectors “Agricultural, industrial, health, education, transport, public services, infrastructure projects, housing,” noting that “a committee formed in the National Investment Commission for the preparation and urbanization of this conference.”
He added that “the trend towards investment is the only solution to improve the service and urban reality of the province and funding new projects in the field of infrastructure and job creation for young people, especially in the light of low oil prices and the absence of a state budget to finance these projects, noting that the province and during the past three years did not receive any Amounts within the general budget, which led to the cessation of all projects and the inability to maintain the service needs of citizens with increasing population growth in addition to the widespread phenomenon of unemployment among young people.
Al-Mamouri said that the committee of economy and investment parliamentary was able to complete the new investment law and vote on it in the House of Representatives, which is one of the best investment laws since the emergence of the Iraqi state, where exceeded all previous problems that were impeding the process of investment in all areas and provided facilities and privileges for large domestic and foreign investors And work at the beginning of a single window in coordination with the National Investment Commission. ”
He called on “all local and foreign investors to participate in the conference and to see the investment opportunities available in the province of Diyala, noting that the province has a large natural and human resources and a location that allows it to play an important role in the trade process being the link between the north and center of the country and has border crossings with The Islamic Republic of Iran in addition to its proximity to the capital Baghdad. ”
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Election of Iraq to the Governing Council of the International Labor Organization
Trend Press / Baghdad The State Department announced on Thursday that Iraq was elected as an alternate member of the ILO Governing Body for the 2017-2020 term for the West Asian Group.
“Iraq was elected an alternate member of the ILO Governing Body for the period 2017-2020 for the West Asia Sub-Group during the elections held during the 106th Session of the International Labor Conference At the organization’s headquarters in Geneva. ”
The statement added that “Iraq has 210 votes out of 253 votes, although the number of votes required on the complex is 127, which makes the second Iraq on his group (ASPAG).”
The statement said that “this victory in the framework of the efforts of the State Department to mobilize international support and support to restore Iraq to its leading position in the international community and access to advanced positions in the United Nations and its competent agencies.”
Read more: http://www.dinarupdates.com/showthread.php?50379-Election-of-Iraq-to-the-Governing-Council-of-the-International-Labor-Organization
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BGG (Dinar Guru) – “Our economy is space. Monetary policy is an example” The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS! …for those pouting about not being rich yet – this is one more log on the FIRE! What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain. Quotes: “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...” “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…” BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday. Cannot be anymore direct.
Read more: http://www.dinarupdates.com/observer
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Grant for the development of Iraqi ports
Economy News _ Baghdad: The Ministry of Transport announced Thursday that it has received a grant from the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the rehabilitation and development of ports in the country.
The Director of Media Iraqi Ports Company of the Ministry, Nimr Abdel-Moneim net in a press statement received by “Economy News”, “The company is in receipt of a grant by the United Nations (UNICTAD) of the United Nations, to develop the reality of ports in the country, Lists the needs and requirements of all ports, in addition to the requirements of the Institute of ports of equipment and training devices, noting that the Institute continues to establish training courses to develop the capabilities of the staff working in this area.
He added that the company is working within the framework of an expanded plan to develop and qualify all ports in the country in order to raise the financial revenues of the company in particular and the treasury of the state in general, pointing out at the same time that it intends to establish a container terminal at the port of Faw after the arrival of the project of the Caspian East and West stages Advanced achievement “.
Al-Safi pointed out that “the company has implemented several projects during the past period, contributed to improving the financial reality, including projects, the establishment of new berths and improve the depth drilling to allow the entry of giant vessels to increase the movement of trade.”
He explained that “ports are at the time besieging an important commercial center in the transport of goods, especially as the country enjoys an important strategic position, which contributes to the increase of ports, which is becoming an important economic resource for the country and provide job opportunities for the unemployed.
The province of Basra has a number of ports, Umm Qasr, Khor al-Zubayr and Abu Flus, and the stronghold, while work is underway on the completion of the port of Faw to be one of the largest ports in the region.
Read more: http://www.dinarupdates.com/showthread.php?50373-Grant-for-the-development-of-Iraqi-ports
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Iraqi Dinar/Dollar auction 06-21-17 (most recent listing)
Currency Auctions Announcement No. 3470
This daily currency auction was held in the Central Bank of Iraq on the 06-18-2017
| DETAILS | NOTES |
| Number of banks | 39 |
| Number of remittance companies | 10 |
| Amount sold at auction price (US$) | 159,617,756 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 159,617,756 |
| Total offers for selling (US$) | —– |
Read More: http://www.dinarupdates.com/observer/
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1325.962 | 1325.299 |
| British pound | GBP | 1515.757 | 1514.999 |
| Canadian dollar | CAD | 895.884 | 895.436 |
| Swiss franc | CHF | 1219.613 | 1219.003 |
| Swedish krona | SEK | 135.962 | 135.894 |
| Norwegian krone | NOK | 140.286 | 140.216 |
| Danish krone | DKK | 178.289 | 178.200 |
| Japanese yen | JPY | 10.663 | 10.657 |
| Special Drawing Rights |
SDR | 1636.868 | 1636.050 |