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Saturday, January 2, 2016

BLC Admin Tlm724 News & Comments  1-2-16  Part 1 of  2

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BLC Admin Tlm724 News & Comments  1-2-16  Part 1 of  2
 
Iraqi company wins international award for providing a secure way to pay financial dues
02/01/2016 11:30 |    Direction Press / Baghdad
 
Ki-Card smart card company in Iraq has won the award Sasemez world, held annually in Paris and dedicated to honoring the best innovations in the world of secure payment technology.
 
According to a statement of the company, "the trend Press" received a copy of "The Company She ran for the joint venture group in Iraq, in honor of its success in innovation to address the humanitarian crisis solutions by providing cards to Card to facilitate the distribution of aid to the displaced, displaced persons and groups other inside Iraq operations."
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"The project won international attention because it is the fruit of a successful cooperation between the public and private sectors to find a solution to the problem is not limited to Iraq, but also provide a safe way to distribute financial aid to displaced people and refugees to help them provide the basics to live."
 
The statement continued that "For the first time in Iraq's history to win an Iraqi company operating inside the country's international award has been shared in this achievement a number of banks, including Rafidain and Rasheed banks the biggest government in Iraq."       http://ift.tt/1R3D4MI
 
 [tlm724] its success in innovation to address the humanitarian crisis solutions by providing cards to Card to facilitate the distribution of aid to the displaced, displaced persons and groups other inside Iraq operations.
 
[tlm724] The project won international attention 
​ 
[tlm724] "For the first time in Iraq's history to win an Iraqi company operating inside the country's international award has been shared in this achievement a number of banks, including Rafidain and Rasheed banks the biggest government in Iraq."
 
[tlm724] going electronic Wink  in conjunction with the state banks
 
[tlm724] so we have Zain, Asiacell and this project all great things !
 
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Ebadi, an adviser to describe the budget in 2016 as the "stimulus austerity" and an expert on the success of government bonds pledged international support
 
Author: MJ    Editor: BK, HH 2016/01/02 11:40      Long-Presse / Baghdad
 
Republic Street in central Baghdad, which up old business district (Shorja) the rest of the areas of the capital Imaging (Mahmoud Raouf)
Picture
He said an economic advisor to the prime minister Haider al-Abadi, said on Saturday that Iraq is suffering from an economic recession due to the financial crisis, and a description of the financial budget for the current year 2016 as the "stimulus austerity",

and with the exception of an economist that the budget "poor" for they are free of appointments and the drop in world oil prices, and lack of support from government and the private sector, he pointed out that the success of the government bond market, which intends issued depends on the support of the International Monetary Fund have.
 
Saleh: 2016 austerity budget but motivational
 
He said the appearance of Mohammed Saleh, an economic advisor to the prime minister Haider al-Abadi said in an interview to the (long-Presse), "The talk of a recession Oaguetsada in Iraq is a foregone conclusion," attributing it to "financial crisis plaguing the country."
 
Saleh added that "the manifestations of the economic recession in Iraq is clear, from the high unemployment rate that reached 28 percent," denying "the existence of inflation in Iraq, although as the rate amounting to two percent, the lowest in its history."
 
He predicted economic adviser, that "the growth of GDP between one range to one and a half percent," returned as "better than in the past in 2014, although it is less than the population growth of 2.8 percent rate, as this difference is not conducive to the economic sector and the widening growth his movement. "
 
Saleh stressed, "The government went to sell the bonds two billion dollars, came within the project's budget next year to meet the 2016 deficit," returned to "plug in the budget does not reflect the ways they austerity, it is still great."
 
He guessed adviser Abadi, that "those bonds are very popular," pointing out that it was caused by "being the sovereign as well as high interest rates and the possibility of a mortgage and take advantage of it in debt to fill."
 
Saleh continued, that "the budget for Iraq in the next 2016 involving deficits and austerity, but motivational," stressing that "the stimulus in the largest proportion of the budget deficit."
 
And it saw economic adviser, that "the current financial year, was a success, stressing that" the government strives for the success of the financial plan in the next 2016 budget. "
 
Expert: the success of the bond depends on the support of the International Monetary Fund
 
For his part, predicted economic expert on behalf of Jamil Anton, in an interview to the (long-Presse), said that "Iraq is witnessing an economic recession during the next 2016," attributing it to "Adults balanced and free of appointments poverty, low world oil prices, the loss of hope for a rise soon, as well as a lack of support from government and the private sector. "
 
He revealed Antoine, about "the existence of a proposal to reduce the days of staff time, and the reduction of their salaries, what will the dish, to reduce their purchasing power, and people keep money in anticipation of the future of the unknown," pointing out that "the government went to sell the bonds two billion dollars came in the draft budget for 2016 to meet its deficit The welcome and find if supported by the International Monetary Fund. "
 
Ouhz economic expert, of "the consequences of lack of support from the International Monetary Fund for Iraq", he returned that "it is difficult from the sale of those bonds externally."
 
The Finance Minister, Hoshyar Zebari, announced on Monday (the 28th of December the current 2016), for the revival of bond sale two billion dollars a plan in the next 2016, noting that the budget allows the government to sell bonds two billion dollars if lacked the sources of funding for the targeted spending.LINK

 
 [tlm724] he pointed out that the success of the government bond market, which intends issued depends on the support of the International Monetary Fund
 
[tlm724] Saleh added that "the manifestations of the economic recession in Iraq is clear, from the high unemployment rate that reached 28 percent," denying "the existence of inflation in Iraq
 
[tlm724] although as the rate amounting to two percent
 
[tlm724] someone is fudging those inflation numbers
 
[cat] they learned from the USA
 
[tlm724] yep
 
[tlm724] Saleh continued, that "the budget for Iraq in the next 2016 involving deficits and austerity, but motivational," stressing that "the stimulus in the largest proportion of the budget deficit.
 
[tlm724] stressing that" the government strives for the success of the financial plan in the next 2016 budget.
 
[tlm724] bring on the financial plan baby !!
 
[tlm724] the success of the bond depends on the support of the International Monetary Fund For his part
 
[tlm724] per Anton "Iraq is witnessing an economic recession during the next 2016," attributing it to "Adults balanced and free of appointments poverty, low world oil prices, the loss of hope for a rise soon, as well as a lack of support from government and the private sector.
 
[tlm724] the loss of hope for a rise soon
 
[tlm724] that is referring to the oil prices, don't believe anyone that tells you different 
 
[tlm724] "the existence of a proposal to reduce the days of staff time, and the reduction of their salaries, what will the dish, to reduce their purchasing power, and people keep money in anticipation of the future of the unknown,
 
[tlm724] to reduce their purchasing power, and people keep money in anticipation of the future of the unknown
 
[tlm724] so by the GOI proposing to cut the employee's hours that reducing the amount of spending money they make thus reducing their purchasing power
 
[tlm724] people will keep what money they have UNTIL Iraq gets a bit more economically balanced  
 
[tlm724] "the government went to sell the bonds two billion dollars came in the draft budget for 2016 to meet its deficit The welcome and find if supported by the International Monetary Fund.

http://ift.tt/1R3D2V5
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Parliamentary Economy: Government has not neglected the private sector to promote investment law

Economy and Tenders
Since 01.02.2016 at 12:37 (GMT Baghdad)    Special - scales News
 
A commission of economy and investment representative, on Saturday, for the negligence of the government to support public and private sector and the national production, confirming that it was not promoted to the investment law, which helps in the promotion of economic reality in Iraq.
 
The committee member said Burhan al-Mamouri's / scales News /, that "there are shortening clear by the government to promote investment law, which we put forward in several previous conferences, which was disabled because of political differences, as the re
 
He Mamouri, "During our meeting with embassies we wondered about the reasons for the establishment of investment projects in Iraq, and the answers that the investment in the country risk and there are no international courts and security protections for companies investing,
 
knowing that all these things we set within the investment law, but there is no actual application to him, "adding, that" corruption is the main reason for non-application of these laws, because that sign contracts outside the country include trade-offs and an increase in prices and costs speculative ".
 
He said Mamouri, said, "Our position is clear through laws that impose on the border and tariff and customs, as these laws supporting public and private sector, but the government should make all efforts to revive the economy and get rid of the one TTM oil of and reliance on agricultural and industrial resources and even tourism."
 
It is said that the Council of Representatives voted earlier in the investment law, which grants a lot of facilities to set up projects Alastosmarah.anthy 29/38  LINK
 
 [tlm724] per commission of economy and investment representative
 
[tlm724] the negligence of the government to support public and private sector and the national production, confirming that it was not promoted to the investment law, which helps in the promotion of economic reality in Iraq.
 
[tlm724] that "there are shortening clear by the government to promote investment law, which we put forward in several previous conferences, which was disabled because of political differences
 
[tlm724] *slap* surely they know how important this law is !
 
[tlm724] there are no international courts and security protections for companies investing,
 
[tlm724] knowing that all these things we set within the investment law, but there is no actual application to him,
 
[tlm724] that" corruption is the main reason for non-application of these laws
 
[tlm724] "Our position is clear through laws that impose on the border and tariff and customs, as these laws supporting public and private sector
 
[cat] uh huh
 
[tlm724] but the government should make all efforts to revive the economy
 
[tlm724] yeah they should and I think they are  Wink gotta get the investment law ratified ASAP !! it's so critical to investors and the country !

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Comments may be made at the end of Part 2   Thank You


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