Jubouri calls for the judiciary to re-examine the Shabibi file

BAGHDAD – ((eighth day))

The parliamentary finance committee member Haitham al-Jubouri, on Monday, called the Iraqi judiciary to re-examine the former central bank governor Sinan al-Shabibi file, confirming that this file contains hundreds of documents that prove a major corruption and waste of public money.

Jubouri said: “The release of the former central bank governor Sinan al-Shabibi caused me a big surprise,” explaining that “the House of Representatives a report on the Central Bank shows the extent of corruption.”

Jubouri said that “the report, which sent a copy of it to the Integrity Commission and the Supreme Judicial Council has a great suspicions of corruption, waste of public money and hundreds of documents that prove these suspicions,” calling on the judiciary to “re-examine the issue, the elimination in confidence of the Iraqi High Court.”

8-thday.com agency

Kuwaiti debt has been converted into investment projects in Iraq

BAGHDAD – ((eighth day))
Finance Committee member Haitham al-Jubouri said the Kuwaiti debt owed by Iraq, which has been converted into investment projects.

Jubouri said in a statement to the Agency ((eighth day)): The State of Kuwait has agreed to the postponement of debt owed by Iraq, amounting to $4.6 billion was transferred to investment projects until 2016.

He added that most of these funds will be invested by the Ministry of Transport and the Ministry of Industry the fact that most of the Kuwaiti investment companies in these sectors.

The date of adoption of the budget likely approval during the current week.

8th-day.com agency

Kuwait demanded Abadi to provide facilities for Kuwaiti companies

Kuwaiti newspaper revealed on Monday that Kuwait has demanded Prime Minister Haider al-Abadi to providing facilities for Kuwaiti companies operating in Iraq and legislation to encourage investment.

The newspaper “Al-Qabas” its issue today that “the issue of restrictions on the Kuwaiti companies in Iraq took the space of the talks,” indicating that “some Kuwaiti companies are exposed to legal harassment, as is happening now with Zain Iraq.”

The newspaper added that “Kuwait has demanded the Iraqi government the need to provide facilities for Kuwaiti companies to enact legislation encourages them to invest.”

Radio Tigris

Libyan-Philippine currency exchange to start

The Central Bank of the Philippines, the Bangko Sentral ng Pilipinas (BSP), has announced the reopening of the Libyan dinar(LYD)-Philippine peso(PHP) currency exchange facility for the Overseas Filipino workers (OFWs) displaced by the conflict in Libya.

Such decision allows returning OFWs from Libya and their families to exchange their Libyan dinar into peso up to a maximum equivalent amount of PHP 20,000 per eligible person, reported GMA Network.

It added that the currency exchange can be done at the BSP head office, its regional offices and branches, as well as authorized agent banks.

Noteworthy, the facility was initially available from August 11 to December 11, however, it will remain available for another six months, starting from the working date of the Circular covering its implementation.

GMA Network highlighted that, in order to avail of the facility, the Workers and their families need to “present documentary proof/s of their travel from Libya (original passport or original/certified true copy of the travel document issued by the Philippine Embassy in Tripoli with exit stamp by Libyan authorities and/or authorities from other countries that served as exit points for repatriation).”


Iraq Cabinet to vote on 2015 budget

Iraq’s Deputy Prime Minister Bahaa al-Araji said that the Cabinet will hold extraordinary session on Monday to discuss 2015 budget.

It is agreed to vote on the budget on Monday and Tuesday, Al Iraq News reported, citing Al-Araji as saying.

On another note, Iraqi parliament’s finance committee member Ahmed Sarhan revealed that 2015 budget amounted to IQD 111 trillion and the deficit will fall to IQD 36 trillion.


Shabibi will return to central bank governor

BAGHDAD / JD / .. An official in the Prime Minister’s office, source says the intention of the prime minister Haider al-Abadi to return former central bank governor Sinan al-Shabibi to office after the issuance of the court acquittal.

The source, who preferred not to be named, told / BD /: “The day Monday, 22.12.2014 date the trial of former Central Bank Governor Sinan al-Shabibi for the acquittal of charges against him by the previous government under the pretext of wasting public money.”

He added: “The prime minister Haider al-Abadi waved the return of him to office of the central bank in the event of an acquittal from the court, the fact is Shabibi figure of great economic mentality.”

The Integrity Committee in the House of Representatives of the previous session that sacked Shabibi, the competent court of inquiry to consider the fairness issues negated the charges to the Governor of the Central Bank of the article Shabibi, describing him out of office, “targeted personally” for failing to grant money to Prime Minister Nuri Maliki and his son Ahmed, where the investigation has shown that he does not process, entered the central bank, former boss Shabibi wasting money mentioned by the investigative committee formed by the House of Representatives, not the BSA Report.

Dananer News

Shabibi and Allawi acquittal of the charges against them

BAGHDAD / Baghdadi News / According to a judicial source in the competent court, on Monday, for the acquittal of Shabibi and Mohammed Tawfiq Allawi of the charges against them.

The source said in an interview / Baghdadi News /, that “the Rusafa Criminal Court second body acquitted former Central Bank Governor Sinan al-Shabibi and former Communications Minister Mohammed Tawfiq Allawi of all charges against them.”

The source added that “the court had released the defendants on bail, released them today, dropping the charges against them.”

The source indicated that “achieving fairness, the court had referred the issue of Shabibi and Allawi to the criminal court after receiving accusations of corruption suspicions, Shabibi was accused for the cause of the discharge of the currency and Mohammed Tawfiq Allawi, in the case of optical cable.”

Albaghdadia News

Abadi met with Director General of the Kuwait Fund for Arab Economic Development and a number of businessmen

Alsumaria News / Baghdad
Prime Minister Haider al-Abadi, Sunday, met with Director General of the Kuwait Fund for Arab Economic Development and Senior Vice President of the Chamber of Commerce and Industry of Kuwait as well as businessmen.

The official KUNA news agency “KUNA” in the news, seen by “Alsumaria News”, said “The Prime Minister of the Republic of Iraq , Dr. Haider al-Abadi, was received at his residence at Bayan Palace in Kuwait Fund for Arab Economic Development Director Abdul Wahab Al-Bader.”

She added, “As the first deputy chairman of the Chamber of Commerce and Industry of Kuwait Khalid Abdullah Sager and Second Vice President of the Chamber of Mohammed Abdul Wahab Al-Wazzan received as well as a number of chamber members and businessmen.”

The prime minister Haider al-Abadi arrived on Sunday (December 21, 2014) to Kuwait on an official visit at the head of a government delegation to discuss bilateral relations and joint cooperation between the two countries, during which he met the prince of Kuwait Sabah Al-Ahmad Al-Sabah, and his Kuwaiti counterpart Jaber al-Ahmad al-Sabah.