Kuwait announces the (repayment of) remaining debts of Saddam invasion

Alsumaria News / Baghdad – The State of Kuwait announced, on Thursday, the rest of the invasion of the former regime , the President of the debts of Saddam Hussein have, stressing that Iraq paid in three installments during the current year. “This year, Kuwait received three installments of compensation of $ 90 million each,” Kuwait’s
Al-Watan newspaper quoted the chairman of the Public Authority for Compensation Assessment Khaled Al-Mudhaf as saying at a meeting of the United Nations Compensation Commission in Geneva .

“The three payments were made in April, July and October, in accordance with the payment mechanism set out in decision 267 of 2009,” Mudhaf said.

Gulf war compensation committee transfers $ 90 million to Kuwait
Al-Mudhaf said that “these payments will be in favor of Kuwait about 4.4 billion dollars and should be paid in the future.” He added that “continuing the deposit in the Compensation Fund will bring everyone from the final completion of the Board of Directors and receive full compensation for Kuwait.”

Iraq has been subjected to Chapter VII of the Charter of the United Nations imposed after the invasion of the regime of former President Saddam Hussein in Kuwait in August of the same year, and allowed the item to use force against Iraq as a threat to international security, in addition to freezing large amounts of financial assets In international banks to pay compensation to those affected by the invasion, including the State of Kuwait.

Source: Alsumaria.tv

Erbil police seize millions of USD, IQD, arrest 100 suspected traders

ERBIL (Kurdistan 24) – Security forces have confiscated many USD and Euro bills and 88 million Iraqi Dinars (IQD) in counterfeit banknotes in Erbil province since the start of 2018, and have arrested 100 suspects for dealing and trading them, the province’s Crime-Prevention units said on Monday.

“I was captured with 13 million Dinars in my possession when attempting to cross a checkpoint,” one of the arrestees told Kurdistan 24 at the Crime-Prevention Department. The stacks of money the police captured were mainly high-value bills.

There are three one million dollar notes among the confiscated bills, in total, adding up to nearly four million USD along with the other 100 USD notes seized from early 2018.

In an interview with Kurdistan 24, Erbil police spokesperson Hogir Aziz offered some tips to identify counterfeit money, chief among them the bill’s thickness. Since the image of a bill is copied onto a piece of paper, its thickness and discoloration can be noted upon close examination.

“When our dear citizens are exchanging money, they should be careful of the nature of the deal they are making” to avoid possible scams, Aziz warned.

The various notes are believed to have been brought to Kurdistan from the southern provinces of Iraq by an individual attempting to liquidate it for tens of thousands of dollars.

Authorities in the Kurdistan Region and Iraq have long warned citizens of people who engage in fraudulent activities, dealing foreign banknotes that are either fake or worthless in the country’s currency exchange markets.

In August, an Iraqi man lost the equivalent of USD 8,400 in the city of Karbala by accepting the counterfeit foreign currency. The man said an individual with a khaliji accent, commonly associated with Gulf countries, scammed him.

The fraudster was in possession of “60 banknotes” and told the man from Karbala that “the value of each note was IQD 200,000, nearly USD 168, which he wanted to change to Iraqi currency as soon as possible,” according to the statement.

Source: Kurdistan24.net

Iraqi Dinar News Update  After a month of no updates…the CBI reported the MARKET rate of the dinar today at 1204. The update included the MARKET rate for every business day between October 8th and November 7th. The Iraqi Dinar traded between 1203 to 1208 over this time-span.  These rates are within the 2% IMF requirement between the OFFICIAL rate and the MARKET rate (OR/MR) which should be maintained for Article 8 compliance.  Stay tuned as more information comes in from the Central Bank of Iraq.

Sources: Washington is seeking to provide MacGurk as its new ambassador in Baghdad

WASHINGTON (Reuters) – Washington is seeking a new ambassador to Iraq in the wake of Douglas Seelman, sources said.

The sources said McGuck was one of the most prominent candidates for the post, but the White House was waiting for his nomination formally after being approved by the US Senate.

McGowork, who is described by everyone as ‘the most dangerous man in the region’, was born April 20, 1973, as a US lawyer and diplomat appointed by President Barack Obama on November 23, 2015 to be the special presidential envoy of the International Coalition Against Fighting, replacing General John Allen after he was his deputy since 16 He served as assistant secretary of state for Iraq and Iran and led secret negotiations with Iran between October 2014 and January 2016 that led to the release of four American prisoners from Evin prison in Tehran.

They were released by the Washington Post reporter T., Jason Arzaiیan, and according to the New York Times, that task, which lasted for 14 months, in addition to many other tasks led by Macgork reinforced his reputation as a person capable of performing difficult tasks.

Source: Aljournal.com

Parliament session tomorrow will be free of voting on the rest of the government cab

BAGHDAD / Al-Ghad Press: The Information Service of the House of Representatives, on Wednesday, the agenda of the session on Thursday without a reference to vote on the rest of the government cab.

“The session of the House of Representatives No. (11) on Thursday includes voting on the formation of an investigation committee on the election of the governor of Babylon, in addition to discussing the deaths of fish and in the presence of the competent ministers (Minister of Agriculture, Minister of Health and Environment ).

“The formation of permanent parliamentary committees of the House of Representatives,” indicating that “the meeting begins at one o’clock in the afternoon.”

Source: Alghadpress.com

Alaak meets with the Office of Financial Supervision and the IAoA

Economy News Baghdad – The Iraqi Central Bank announced on Wednesday the holding of the province of Al-Alaq, a meeting with the Office of Financial Supervision and the Iraqi Association of Accountants to discuss the performance of auditors in financial institutions.

The central bank said in a statement received by the Central Bank of Iraq that “a meeting with the President of the Office of Federal Financial Supervision and the President of the Iraqi Association of Certified Public Accountants to discuss the performance of auditors in respect of accounting disclosure of banks and financial institutions non-bank financial statements and ways to improve it.”

The statement added that “priorities for professional work and cooperation have been set to raise the level of supervisory work at a prudent level in order to ensure the improvement of the performance of banks and non-bank financial institutions, anticipating any defects that may occur before disclosure and taking the necessary measures to address them.”

Keywords: Economy-news.net

The launch of Baghdad International Fair on Saturday

Information / Baghdad … The 45th session of the Baghdad International Fair, which will be held under the slogan “Determined to Build and Build as Liberation and Victory”, will kick off next Saturday for the period (10-19) this month.

“The company has completed all the necessary preparations for the establishment and success of the session,” said Hashem Al Sudani, general manager of the Iraqi Trade Exhibitions Company in the Ministry of Commerce, in a statement. Small”.

Al-Sudani said, “The participation of a number of prominent local, Arab and foreign companies in the field of reconstruction and construction, which is hoped to have an active role in the implementation of infrastructure reconstruction projects for the liberated provinces.”

Al-Sudani affirmed his company’s efforts by inviting these companies to inform them of the investment opportunities within the country, especially as it is about to implement mega projects in various fields, most importantly construction projects and reconstruction of the liberated areas.

He pointed out that “the wide participation of these countries and different companies, indicate their desire to see the investment opportunities available in the country and seize, especially as Iraq is fertile ground for the establishment and implementation of such projects, which absent for several years, because of the concern of the country in the fight and the expulsion of gangs, “Terrorist that has ravaged several areas of the country.” Ending / 25

Source: Almaalomah.com

Urgent policy .. America: Iraq is not exempt from the sanctions on Iran

Twilight News – US Secretary of State Mike Pompeo vowed that Iran would face the collapse of its economy if its behavior is not changed, saying that his country’s sanctions against Tehran would lead to a decline in its international economic activities.

Said Pompeo at a news conference, “We have provided temporary exceptions to China, Turkey, Italy, Greece, India , South Korea, Japan and Taiwan of sanctions on Iran.
Did not mention Pompeo to exclude Iraq from sanctions despite the signals sent close to the Iraqi government obtained to exclude US for import Aldharroah needs.

He said Pompeu that Iran is supporting armed militias in Iraq and strengthened its activities there since the nuclear deal , and we hope that the benefit of economic pressure on Iran and prevent it from breach of balance in the Middle East.
in addition, said US Treasury Secretary, Stephen Manoucan, said that “we will work on annexation Iranian access to humanitarian materials.

He added that Iran would remain isolated internationally until it changed its behavior.
The second package of US sanctions on Tehran entered into force on Monday, targeting two vital sectors for Tehran – oil and banks – as well as 700 personalities and entities.
The administration also aims to reach Iranian oil exports to zero.

Keywords: Shafaaq.com

Foreign Minister calls on world countries to invest in Iraq

BAGHDAD (Reuters) – Foreign Minister Mohammad Ali al-Hakim on Monday (November 5th, 2018) called on the world to activate investment in Iraq.

A statement by the Foreign Ministry responded to the obituary that Hakim met with the representative of the Secretary-General of the United Nations, Jan Kubic, and reviewed with him the overall political situation, security and international support provided to Iraq.

During the meeting, al-Hakim called on all countries of the world to invest in Iraq and contribute to the reconstruction of the restored areas of the organization.

Hakim stressed the continuation of the Iraqi government in cooperation with the UNAMI mission, calling for the need to maintain the budget allocated for the work of the mission, because of the exceptional situation experienced by Iraq.

For his part, Kubic stressed the continued support of the United Nations to Iraq in all fields, and expressed thanks for the cooperation provided by the Ministry of Foreign Affairs, and high coordination, and contribute to the success of the work of the United Nations Mission in Baghdad.

Source: Almasalah.com

Urgent .. House postpones vote on the cabinet to next Sunday

The Iraqi Council of Representatives decided to postpone the vote on the selection of ministers in the new government to next Sunday.

“The House of Representatives decided to postpone the vote on the remaining ministers who have not been given confidence in the government of Adel Abdul Mahdi to next Sunday,” a source familiar with Al-Nour News said.

The House of Representatives will hold its 10th meeting for the first legislative year of the first legislative term. The agenda includes the constitutional oath of some of the deputies and the appeals submitted on the health of some members of Parliament. The permanent parliamentary committees of the House of Representatives, and a general topic of discussion regarding the death of fish.

Article Credit: http://iraqnewsapp.com/