Kuwaiti newspaper: Iraq paid Kuwait $ 300 million

Economy News _ Baghdad: The Kuwaiti newspaper Al-Rai reported on Monday that Iraq has paid 300 million dollars to Kuwait

The newspaper said that “Iraq finally paid Kuwait $ 300 million in payment of a series of compensation owed by Baghdad to Kuwait for the losses and damage suffered by individuals, companies, government and international organizations as a result of the Gulf War.”

The UN Commission on Compensation for the Damages of the Iraqi Invasion of Kuwait has obliged Baghdad to pay $ 4.6 billion in cash, but these payments have been suspended since October 2014 due to security challenges and budgetary problems faced by Iraq, but the payment was resumed at 0.5 percent of Iraq’s revenues Starting from 2018, and will increase annually until the end of 2021, by 300 million dollars every three months.

Economy-news.net

Iraqi parliament’s policy fails to hold a session to “end” the US presence amid conflicting statements by his presidency

The failure of the House of Representatives to mobilize members to hold an emergency meeting discuss the end of the US presence through military bases inside Iraq.

This comes at a time of conflicting positions within the Council, on the law of the removal of US forces, until it reached a difference in the positions of the President of the Council Mohammed Halbusi and his deputy Hassan al-Kaabi, especially after the confirmation of US President Donald Trump, the survival of its forces in Iraq;
Parliament Speaker Mohamed Halboussi said that Iraq still needs the efforts of the international community in the fight against terrorism, which is contrary to the position of Hassan al-Kaabi, his deputy for the alliance of others.

Halaboussi said that his country still needs the efforts of the international community in the fight against terrorism and to fulfill its obligations to Iraq and support his government.
Al-Halbusi said that the Iraqi parliament will work in coordination with Prime Minister Adel Abdul-Mahdi to know the actual need for foreign forces.

It comes hours after US President Donald Trump announced the maintenance of a US military base in Iraq so Washington could watch Iran.

“One of the reasons we want to keep US troops is because we want to watch Iran somehow because Iran is a real problem,” Trump said in an interview with CBS.

Despite the speaker’s speech, which appeared less severe, but a member of the Presidency of the House of Representatives Hassan al-Kaabi, said in a statement: “We deplore US President Donald Trump’s statement on the extension of the US presence in Iraq, and justified by monitoring neighboring countries.”

He added: “Everyone has the responsibility to act urgently; to end the US presence, and not to allow Iraq to be a launching pad for aggression or control of any state.”

He stressed that “the House of Representatives will work during the next legislative term, to enact a law that includes the termination of the security agreement with America, as well as the termination of the presence of trainers and advisers American and foreign military in Iraqi territory.”

Keywords: Shafaaq.com

BGG ~ Halaboussi and others (Salih included) should be a little more cautious with their arrogant rhetoric. This, in typical Iraqi fashion… so grateful and appreciative… NOT!!

Maliki and Talabani agree on a “common factor” to establish a “new phase” in Iraq

The head of the coalition of state law, Nuri al – Maliki, received in his office, Monday, the deputy head of the Kurdistan Regional Government Kebad Talabani and the delegation accompanying him.

During the meeting, they discussed all the issues on the political and security scene, and the ongoing dialogues in the Kurdistan Region to form a regional government, according to a statement by Maliki’s office.

“The two sides exchanged views on the political situation and the need to find a common understanding that brings together the political forces, in order to establish a new phase, which is one of its components political and security stability,” according to the statement.

Keywords: Shafaaq.com

BGG ~ While this is a little troubling that anyone, anywhere is talking to Maliki – keep in mind, this is just a visit by Talabani to the Baghdad area and this was only one stop on long list. I doubt it was a very important stop… however, Maliki may still hold some political sway over parts of the political machine. The good news? The Kurds are fully engaged with the central government right now. This is very good news.

Halabousi discusses with Kubad strengthening cooperation between the center and the region

(Baghdad: Al-Furat News) President of the House of Representatives Mohamed Halabousi discussed with the Deputy Chairman of the Council of Ministers of Kurdistan Region, Qubad Talabani, to strengthen cooperation between the Center and the region.

This came during a meeting at his office in Baghdad on Monday, Deputy Prime Minister of Kurdistan Region, Qubad Talabani and his accompanying delegation.

He added that “during the meeting discussed the current political and security situation in the country, ways to strengthen cooperation between the Center and the region, as well as discuss a number of topics of common interest, and emphasize the need to resolve outstanding problems in accordance with the Constitution.”

Alforatnews.com

URGENT The President of the Republic approves the budget law

(Baghdad: Al-Furat News) President of the Republic Barham Salih, on Monday, the Federal Budget Law for the current year.

Saleh said according to a presidential statement received by the agency {Euphrates News} copy of it today, “the need to provide basic services for citizens, and start the stage of construction and reconstruction, commending the efforts that contributed to the preparation of the draft budget and study and legislation, whether in the government or the House of Representatives.”

Alforatnews.com

Central warns against dealing with electronic trading companies on currencies and gold

Economy News _ Baghdad – The Central Bank of Iraq warned Monday of dealing with electronic trading companies by selling and buying currencies and gold.

The bank said in a statement received “the economy News” a copy of it, “Recently spread in the capital Baghdad and the rest of the provinces, brokerage companies dealing with the electronic trading of the sale and purchase of currencies and gold, polarizing a large segment of the public investors, so the Central Bank of Iraq warns investors to deal with These companies, being working outside his neck. ”

“There is no legal framework to regulate the work of these companies,” he said. “A multilateral committee of the Central Bank of Iraq has recently been formed to establish the legal framework for the work of these companies.”

Economy-news.net

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