Iraq ‘s economy boosts reserves of gold and Russia’s biggest buyers in the world

Twilight News – The amount of gold bought by central banks in 2018 hit record highs, according to a report by the World Gold Council (WGC), which said Russia was at the forefront of buyers.

During the past year, central banks bought the largest amount of precious metal since 1967, buying 651.5 tons, up 74 percent from 2017, buying 375 tonnes of gold, the report said.

“The growing geopolitical and economic uncertainty over 2018 has driven central banks increasingly to diversify their reserves and focus their attention on the main objective of investing in safe assets,” the report said.

He added that Russia in 2018 topped the countries in terms of gold purchases, as part of a strategy to reduce dependence on the dollar, as the central bank sold most of its investment in US Treasury bonds and purchase about 274 tons of precious metal.

Besides Russia, its gold reserves have strengthened countries including Turkey, Kazakhstan, India, Iraq, Poland and Hungary (Hungary).

Russia ranks 5th in the world with gold reserves, saving 2113 tons, while the United States ranks first in the world, followed by Germany, Italy and France.

Keywords: Shafaaq.com

Kebad Talabani arrives in Baghdad to participate in the forum of Iraqi leaders

Twilight News – News Agency / arrived in Baghdad, Sunday evening, Vice President of the Kurdistan Regional Government Kibad Talabani, in a two-day visit to participate in the forum of Iraqi leaders on Monday.

Talabani’s visit comes at the invitation of the Rafidain Center for Dialogue in order to participate in a forum of the same name, which is organized in Baghdad for the first time with the participation of Iraqi presidencies and representatives of many countries and a number of ministers and deputies and political and intellectual elites and local and foreign academia.

During the meeting, a special meeting will be held with Talabani on hot issues on the political and economic fronts in Iraq and the region.

Talabani will also meet with many prominent Iraqi and Pakistani officials and foreign representatives and will present his vision and the regional government on the issues of reform, economy, energy sector, the future of Iraq and the problems of the region.

Keywords: Shafaaq.com

The Baghdad International Book Fair is a cultural and economic carnival that embodies the spirit of seeking a new future

Economist and banker (Samir Nusairi)

The financial, moral and logistical support of the Central Bank of Iraq and the Association of Iraqi Private Banks and the outstanding participation of private banks in the Baghdad International Book Fair, which will be opened on February 7 under the slogan “One book more than life” on the ground of Baghdad International Fair and under the patronage of the Prime Minister and the presence of government figures Representatives of the private sector, foreign and Arab publishing and distribution companies, and cultural, economic and banking personalities. This confirms the spirit of promoting the hope of the Iraqi people for reform and change to a promising future, especially the economic and cultural elite.

For opportunities. The number of participants will be more than twenty-four countries and 700 publishing houses will be local, Arab and foreign. The Association of Banks and the Federation of Publishers will be organized
A number of workshops and seminars on cultural, economic, legal, banking and literary innovations of young people and success stories achieved in all areas and contributions of the Central Bank and the Association of banks in the implementation of the strategy of financial inclusion and community development and the role of academic coordination with universities in support of culture and education and the care of young intellectuals run by the Governor of the Central Bank and the Ministry of Finance and the judiciary The ambassadors of friendly and sister countries and the President of the Association of Banks and its professors universities and specialists in the strategy of financial inclusion and stability in the financial system and monetary system and the challenges of the banking sector and strategy And the contributions of banks in community initiatives and project Baghdad project and the station and the empowerment of young people and empowerment of women through the program and the empowerment of small and medium-sized projects and will be hosting the literature and intellectuals of foreign and Arab and Iraqi expatriates and Iraqi elites will be on the sidelines of the exhibition to set up a signing ceremony and offer new registrations for researchers and professors and specialists. The exhibition will also honor the national symbols in the fields of cultural, economic, banking and social creativity.

I invite the Ministry of Culture, cultural institutions and universities to support the exhibition and visit it and contribute to its activities because it embodies a carnival and a cultural and economic demonstration organized by the private sector and called on all banks to participate in the activities of the exhibition. The establishment of cultural and economic events and active participation in the banking awareness and promotion of the project to settle salaries and delivery of banking products and technical services to the modern public directly and using educational and educational methods According to the banking supervision regulations supervised and monitored by the Central Bank because it will inevitably contribute to the achievement of financial coverage and the access of banking services to a wide range of citizens in a way to support the profitability of banks.

Economy-news.net

A border crossing between Iraq and Jordan

Economy News Baghdad – Jordanian truck owners Mohammed Khair Al-Daoud announced on Sunday the entry of Jordanian trucks into the Iraqi market following the signing of many agreements with the Iraqi side, pointing out that the loaded Iraqi trucks will also enter the Kingdom.
Al-Daoud said in a press statement quoted by the newspaper “Al-Ghad” and viewed by “Economy News”, “Jordanian trucks began to enter the Iraqi market after the signing of many agreements with the Iraqi side, as these trucks will gradually increase to Iraq gradually.”

He added that “Iraqi loaded trucks will also enter the Kingdom,” expecting that “a large number of traders and drivers to work in the field of trucks and commercial cargo again, after they had previously abandoned work because of losses and stop the movement of trucks to Iraq previously.”

Al-Daoud said that “the exemption of a large number of goods from customs duties by Iraq will be a factor in increasing trade exchange between the two countries, in the interest of both sides, hoping to increase the number of trucks operating between Jordan and Iraq in the coming days.”

Economy-news.net

The next stage will witness great economic openness on the regional and global environment

(Baghdad: Al-Furat News) Prime Minister, Adel Abdul-Mahdi, said that “the next stage will witness great economic openness to the regional and global environment.”

A statement by the Office of the First Deputy Speaker of the House of Representatives received the agency {Euphrates News} a copy of Abdul Mahdi said during a meeting with First Deputy Speaker Hassan al-Kaabi, that “within two days will be implemented an important agreement with Jordan on the export of oil and open the port of Trebil, and this will provide thousands of opportunities Work in transport and service delivery “.

Abdul-Mahdi and al-Kaabi also discussed a number of bills referred to the House of Representatives with the aim of legislating them at the beginning of the next legislative term, as well as the laws that were passed back to the government for the purpose of modifying them to suit the current direction of the government. The follow-up deputies to their control in the ministries and the need to facilitate the mechanism of entry to the headquarters of government. ”

“The three legislative, executive and judicial authorities should cooperate and coordinate among themselves to draw up mechanisms capable of treating poor performance in the previous stage, which resulted in accumulations in all sectors affecting the type of services provided to citizens,” al-Kaabi said.

The two sides discussed “the most important items that were added to the law of the general budget 2019, and is likely to arrive in less than two days to the government and the presidency of the Republic for ratification and start to apply.”

Al-Kaabi said that “most of the items added are subject to the availability of financial wealth.”

The two sides touched on the importance of holding provincial council elections at the time it was agreed with the Independent Electoral Commission on 16/11/2019, and the urgent need to amend the law of the Council elections. ”

Also discussed the security situation of the capital Baghdad and the positive step taken by the government to reopen all regions and lifting concrete barriers, and the need for attention to entrances Baghdad , which suffers from severe congestion and lack of interest.

among Kaabi, said that “there are additional allocations in the budget for this file, the next stage will witness positive changes C_lemsha Iraqi citizen, and is also expected neighborhood that matters more project Than 20 thousand families Baghdadi. ”

He called al – Kaabi government intervention by issuing instructions concerning the Pfsh field in front of university graduates is appointed as lecturers in the university evening study, and prevent professors morning study always in the evening, as will provide more than 20 thousand jobs for the owners of the certificates, and customize pieces Land for staff, as well as the government’s call to pay attention to the Iraqi scientific complex as a front of the country’s scientific facades. ”

Alforatnews.com

Iraq recovers 216 billion dinars, land and real estate last year

Mubasher: The Office of the Inspector-General in the Ministry of Finance and recommended the return of more than 216 billion dinars during the last year, while thwarted the seizure of a 14,000-acre property belonging to the ministry.

The ministry’s inspector-general, Maher al-Bayati, said on Thursday that the office retrieved and recommended the return of more than 216 billion dinars last year, confirming that the seizure of a 14,000-dunum property of the ministry was prevented.

He added that the issuance of inclusion decisions exceeding 12.7 billion dinars, and recommended the return of 12.3 billion dinars.

He continued: The value of the amounts transferred for inclusion for the same period, 43 billion dinars, and more than 200 thousand dollars in addition to 124 million dollars already recovered.

Al-Bayati said that the Office, through the inspection teams and receiving information, either directly or through the hotline, was able to open many files, in light of which last year formed 379 investigative committees of the issues received by the Office.

He explained that his office also worked on evaluating the performance of employees and the institutional performance of self-managers and finding weaknesses and strength and working to develop pros and fight against and reduce corruption, as well as the development of treatments for the negative phenomena by rotation sites, accounting and exclusion if necessary.

He pointed out that his office during the last few years, to detect the seizure of a 14,000-acre property of the Ministry of Finance exploited by some of the weak souls to be established commercial, agricultural and residential projects.

He continued: There was information that areas of the property sold to citizens contrary to the law, although the land in question is owned by the Ministry of Finance.

The Inspector General of Finance said that his office was also able to detect properties belonging to the Ministry of Finance sold to citizens as a result of irregularities and falsification in the proceedings, including the transfer of the ownership of 4 properties with false books attributed to the state property, in addition to 3 other properties sold illegally.

He said that the competent authorities of the Ministry have been instructed to file criminal and judicial proceedings to invalidate the sale and restitution restrictions to the Ministry of Finance.

Al-Bayati stressed that the Office has also managed during the past few years, in cooperation with the Integrity Commission and the Agricultural Cooperative Bank, to detect the introduction of counterfeit currency to one of the branches of the bank mentioned, and seized the employee involved and admitted to enter the counterfeit currency.

He continued: estimated total amount of up to 250 million dinars, stressing his office to take legal action deterrent against anyone involved in this suspicious operation.

Mubasher.info

Souron denies his approval to pass Fayyad against the post of governor of the Central Bank

BAGHDAD (Reuters) – The Saron coalition, backed by Sadr’s leader Moqtada al-Sadr, denied on Wednesday his approval to pass the Interior Ministry’s Interior Minister Faleh al-Fayyad as a central bank governor.

The media office of the MP for the coalition, Majida al-Tamimi, said in a statement received / Mawazine News / copy: “We categorically deny the statement by one of the media about the approval of the coalition pass the passing of Fayadh, the construction candidate of the Ministry of Interior, Magda Tamimi, “asserting that” the transfer of a statement fabricated. ”

The statement added that “the statement has no basis of health and the speech that was published is completely fabricated and is part of the political dichotomy in the person of Magda Tamimi.”

Tamimi said: “will sue any sites attributed to fabricated statements and will deal firmly with the promoters of these lies.”

“What this agency and some other social networking sites have carried out is totally untrue,” she said.

“It is regrettable that some social networking sites have become the arena for political polarization, the promotion of lies and the liquidation of adversaries, but these negative phenomena are accompanied today by an increase in the awareness of the society and the disbelief of these ideas, , To address corruption and corruption and the work of public opinion electronic war against it. ”

Mawazin.net

Aysan calls on the Central Bank to increase the share of Maysan of the small currency

(Independent) / Ali Qasim al-Kaabi / .. A member of the provincial council of Maysan, and the Chairman of the Committee of Trade and Finance Laila Hamid Al-Dhahibawi Iraqi Central Bank Branch Basra need to solve the problem of small currency (“scrap”) in Maysan

“This demand came after many complaints from citizens about the absence of a crack in the market,” Al-Dhahibawi told Al-Mustaqbal newspaper. “This led to an increase in the citizen’s suffering in dealing with the market for the importance of this currency.

She stressed that the bank should increase the share of Maysan province of small currency (scrap).

Mustaqila.com

100-day countdown for Iraqi government “critical”

Baghdad/ Iraq TradeLink: At the beginning of February next, the 100-day grace period given to the Iraqi government will end.

This period was given to evaluate the work of the governmental programme.

Though this period is going to end, the government of Premier Adel Abdul Mehdi is still in conflict fro three remaining ministries; namely defence, interior and justice.

On the other hand, doubts were raised on some other ministries, though having the confidence of the Iraqi parliament, for connections with ex-Baath party and Da’ish (ISIS) organization.

Politicians believe that the 100-day grace period will end and more weeks to be added, or even months before completing the new Iraqi government.

Iraqtradelinknews.com

The Central Bank reveals to the “news” the investigation proceedings in the seven billion damaged

Baghdad – The head of the financial operations in the Central Bank Mahmoud Dagher, on Monday, the issue of investigation of the seven billion dinars damaged ‘still in parliament’, while noting that dependence on oil adversely affect the economy of Iraq .

Dagher said in a statement to the ‘news’, that ‘the issue of the investigation of the seven billion dinars damaged is still in parliament and has not been announced until the moment, since the governor of the Central Bank Ali al-Dalu in front of the House of Representatives’.

He added that ‘the reserve of the Central Bank of Iraq amounted to about 65 billion dollars, which is very good and reassuring, but the government is required not to rely on oil in full because it adversely affects the economy of Iraq .’

Dagher said that ‘the government to follow the benefits imposed on loans granted to citizens of government banks,’ noting that ‘the central bank does not interfere with the monetary policy of government banks being the competence of the Ministry of Finance ‘.

Ikhnews.com