Baghdad Investment Authority granted license for construction of the “Uruk” University

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Twilight News / Baghdad Investment Authority announced on Saturday, the granting of an investment license to build a university, “Uruk” in the Alaptawin area, in central Baghdad.

The authority said in a statement reported for “Twilight News” that “Baghdad Investment Authority took it upon themselves to the advancement of the reality of investment especially the educational reality, has granted an investment for the construction of Uruk University in Alaptawin area.”

Explained that “Uruk University will be 9 floors with garden, one floor 2,343 square meters,” adding. “The building contains 9 rooms on each floor, a large hall on the third floor, as well as 2 libraries, in addition to two balconies on the ground floor and three on each floor.”

She said, “every floor room management, in addition to cafeteria and 2 elevators to facilitate the transfer of students,” noting that “the land is held by the project back to the Ministry of Finance.”

The Commission noted in its statement that “the engineering staff of the Investment Commission of Baghdad, visited the project and was briefed on the progress of work, discussed with staff worker obstacles that would overcome the advancement of education and accelerate the reality in Iraq.”

Pointed out that “workers stressed their gratitude to body and all its staff for their support and their attribution ato facilitate actions that will pay for the investment process forward.”

Twilight News

Minister of Finance signed an agreement with Ernst Young for the development of the banking sector in Iraq

ernst young
BAGHDAD / … Finance Minister Hoshyar Zebari, signed Saturday, with a representative of Ernst Young Umans Bakr, an agreement for the development of the banking sector in Iraq.

A statement by the Ministry of Finance’s “Eye Iraq News” received a copy of it, Hoshyar Zebari met with representative of Ernst Young and a number of the company’s experts to discuss a number of financial and accounting issues and the process of rehabilitation of government banks.”

The Ministry of Finance contracted with the International Financial Advisors Company several years ago to develop Iraq’s financial and economic situation.

Ayn Al Iraq News

Oil and gas law to parliament next week

bahadli
BAGHDAD / .. A member of the parliamentary Commission on oil and energy MP Ali Qubool Bahadli, Saturday,said the next week will provide oil and gas law to the Presidency of the Parliament to be presented to the House of Representatives to read it and vote on it.

Bahadli said, in a statement to “Ein Iraq News,” that the budget of the most basic projects carried out during the current legislative term, which is the foundation for the rest of important laws, an approval is a significant milestone.

Bahadli said that the Committee on Energy placed a priority project of oil and gas law in addition to the establishment of the Iraqi National Oil Company, as both are linked to one another.

He stressed that week following the legislative recess Committee will draft oil and gas law to the presidency of the parliament to be viewed by the Council of Representatives to read it twice, edited it and then vote approval.

Ayn Al Iraq News

Government launches national strategy to develop and nurture the private sector next month

ghadhban
Long-Presse / Baghdad
The board of advisers in the Iraqi Council of Ministers, on Saturday, announced the launch of a national strategy for the development and care of the private sector by the middle of February, while confirming that the strategy will include the diversification of income sources and make the private sector an attractive investment environment, indicated that it will contribute to the departure gradually of state control projects directly.

The head of the board of advisers in the Cabinet Thamer Ghadhban during a joint press conference with Minister of Electricity Qassim Fahdawi at ministry building in Baghdad, attended by (long-Presse), “It will be the national strategy to develop and nurture the private sector on the 12th of the month of February, under the patronage of Prime Minister Haider al-Abadi.”

Ghadhban, said that “the strategy will include the diversification of sources of income, stimulate investment, build an attractive investment climate for investors and the private sector, the simplification of procedures away from the state gradually for care of projects,” asserting that “these fundamental factors will work to achieve and also present within the government program where a lot of service sectors will be transferred to the private sector.”

He Ghadhban said that “the economic pressures on the resources of the state and the general budget will be a great catalyst for the implementation of the economic and legal reform programs that we have worked on for nearly the past six years.”

Almada Press

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Rafidain Bank proceed to issue MasterCard to its customers inside and outside Iraq

mastercard
Tomorrow Press / Baghdad: Rafidain Bank announced on Saturday, issuing MasterCard card in its branches inside and outside Iraq.

The Information Office of the Bank said in a statement received by “tomorrow Press”, “The bank issued a pilot of MasterCard cards, providing used all over the world being a manifestation of modernism in the banking business.”

He added, “This service is the most important of several privileges dispensed using paper money,” noting that “it is possible for the cardholder withdraw his money from his own account in any province or state where online without the need to carry cash.”

It is noteworthy that the banking systems in the most advanced countries in the world use the electronic Card System to withdraw money, makes it easier for travelers and traders many things keep them away from the risk of theft of money.

Alghad Press

Manufacturer of fighter jets, “F-16″ wins contract to train the Iraqi Air Force

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Twilight News / the US Department of Defense, “Pentagon”, on Friday, announced that the US company “Lockheed Martin” manufacturer of “F-16″ aircraft has won a contract worth $9.5 million to train Iraqi air force personnel.

The Pentagon said in a statement seen by “Twilight News” that “Lockheed Martin Corporation of America manufacturer of F-16 aircraft got a contract to train the Iraqi air force staff valued at $9.5 million.”

The ministry added that “the value of the contract with the company indefinitely,” pointing out that “scheduled to be performed in Tucson, Ariz., And completed in January of 2017″.

According to previous statements by the commander of the Iraqi air force team first Colonel Anwar Hamad Amin, Iraq will receive from the United States, three F-16s early in February.

He pointed out that the number of Iraqi pilots trainees outnumber F-16s by more than one and half times, indicating that the government has allocated sufficient funds for training.

He said the Iraqi military official said the Iraqi air force was used in the war on ISIS launched 1,700 sortes.

Iraq in the contract for the purchase of 36 aircraft produced by Lockheed Martin, but that initial shipments that were scheduled sent to Balad Air Base in Iraq, was delayed because of security concerns.

In November Pentagon said the F-16’s will be sent to Tucson Arizona as of last December so that the Iraqi pilots are trained there to start using it instead of training aircraft.

Twilight News

Chatroom Log Thursday

[19:30:31] AMG: good to see budget is done
[19:47:17] AMG: what’s next after the budget????
[19:47:28] TRC: auctions at CBI have been changed for February
[19:47:46] AMG sent an audio message: Clear Throat
[19:47:55] TRC: not sure
[19:48:12] AMG: changed how??
[19:48:43] TRC: limiting the auctions
[19:48:43] AMG: is very happy to see budget FINALLY done
[19:48:54] AMG: oh, ok
[19:49:31] AMG: wonder what that will actually accomplish…………..we’ll see
[19:50:15] TRC: CBI bonds have not been released yet
[19:50:25] TRC: still waiting on that
[19:51:00] AMG: has a doctorate in “waiting”
[19:51:05] AMG sent an audio message: Laugh
[19:52:23] TRC: CBI is much more involved in budget than previously
[19:54:10] TRC: lots of changes,
[19:54:29] TRC: getting budget passed will get rest started
[19:54:55] AMG: hopefully
[19:55:00] AMG: soon
[19:55:08] AMG: ^.^
[19:57:00] TRC: they voted over 60 times
[19:57:06] TRC: they are tired
[19:57:33] AMG: wish i could have seen that but, work got in the way
[19:58:14] AMG: guess they will take a short break
[19:58:21] TRC: never seen such an event in Iraq
[19:58:55] AMG: awesome – history has been made with more to come
[19:59:05] When is RV?
[19:59:05] Do we have date and rate
[19:59:53] AMG sent an audio message: Laugh
[19:59:58] TRC: Abadi has changed the political environment from top down
[20:00:22] AMG: sure has kicked butt
[20:00:28] AMG: loves it
[20:01:54] TRC: state law/maliki’s party tried to hold things up
[20:02:09] TRC: but for some reason did not work
[20:02:10] AMG: no surprise there
[20:02:41] AMG: will be glad when M is behind bars
[20:02:58] AMG: what a LOSER
[20:03:10] AMG sent an audio message: Yell!
[20:03:15] TRC: I think his party has lost alot of influence
[20:03:23] AMG: yup
[20:04:41] TRC: new budget begins February 1st
[20:05:59] TRC: will be in gazzette in record time
[20:06:27] TRC: supposed to be in gazzette by midnite on 31st
[20:06:42] TRC: we aren’t used to this speed
[20:07:09] AMG: for sure
[20:07:27] AMG: ^.^ but, we likee
[20:07:30] AMG sent an audio message: Drumroll
[20:08:00] TRC: used to take couple weeks to get in gazzette
[20:09:39] TRC: I think having an economist like Abadi in leader position may have thing to do with it
[20:10:24] AMG: ;)
[20:12:03] TRC: on bad news note, oil was down today
[20:12:46] AMG: hmm, MSn said it was up………………not sure
[20:13:15] AMG: I trust your sources TRC
[20:13:16] 79 days: methinks the more oil is down, the more Iraq looks to other ways to secure money
[20:15:55] TRC: oil in NY was 44.50
[20:16:07] TRC: :*-/
[20:19:06] TRC: 79 days that is the plan
[20:20:29] 79 days: seriously, when oil is this low, there is no plausable explanation. Iraq is almost all oil for its industry. methinks the world that set up this scenario is tired of waiting. never see it in writing.
[20:21:01] 79 days: 4 bucks a gallon to 1.88 ?!?
[20:21:13] 79 days sent an audio message: Laugh
[20:24:03] TRC: will be more changes to financial system
[20:24:16] 79 days: seems like its working, can see this whole economics thing being pushed finally
[20:25:03] TRC: limiting currency auctions, should mean lifting restrictions on global forex market
[20:29:31] TRC: CBI did say recently they will make it easier to buy n sell foreign currencies
[20:29:46] TRC: does it begin in February?
[20:30:22] 79 days sent an audio message: Drumroll
[20:32:52] 79 days: only have about 50+ hours to wait and see. Sunday is the 1st. always heard that a rate adjustment would be easiest on a Sunday for Iraq
[20:34:36] TRC: yes
[20:36:36] 79 days: no problem with having to wait till Sunday lol
[20:37:48] TRC: lol
[20:37:56] TRC: what choice we have
[20:40:33] AMG: yup, Superbowl Sunday
[21:38:07] TRC: February is looking better every day
[21:39:42] TRC: record oil exports, budget goes into effect, CBI lifting restrictions on foreign currency sales
[21:40:27] design: sounds good

Federal Budget for 2015

House of Representatives voted on the second article of the draft federal budget for the current financial year the law.

House of Representatives voted on Article III of the draft federal budget for the fiscal year the current law. Article III obliges the concerned authorities “not to exchange outside allocated in the budget framework.”

House of Representatives voted to Articles IV and V of the draft federal budget for the fiscal year the current law.

House of Representatives voted on Article V of granting the Minister of Finance budget authority to make financial transfers at the level of exchange and sectional doors and has the right to authorize governors and heads of provincial councils to follow.

House of Representatives voted on Article VI granting permission to Prime Minister exchange about 3 billion dinars outside the doors of the local exchange in case of emergency, to offer the Ministry of Finance report these expenses to the House of Representatives

House of Representatives voted to Article VII of the draft federal budget for the current financial year. The article emphasizes restrict budget revenue up to 12.31.2015.

House of Representatives voted on Article X of the draft federal budget for the current financial year to law. Article X include calculating 17% of the total amount of the budget for the Kurdistan region after excluding sovereign expenses.

House of Representatives voted Article XII of the draft federal budget for the fiscal year to current law. This article includes a review of a share of the Kurdistan region and governates not organized province in the light of the Census and Statistics for 2015 results, that is the calculated in 2016.

House voted to ratify the Article 13 for the introduction of jobs, install contractors with state institutions and UNHCR staff and the release of jobs with the formation of the National Guard to be nucleus of the popular crowd in composition.

House of Representatives voted Article XIV of the draft federal budget for the current fiscal year for transferring power from the Minister to the Governor. Article XIV on the need for prior coordination of ministries and departments not associated with the Ministry of the provinces when selecting projects, convert Advertising and validity of the assignment and execution of projects from the minister to the ministerial portfolios.

House voted to ratify Article 15 of the Special authority the Minister of Finance to turn off the advances disbursed in accordance with the laws in force budget, to be audited by the BSA and regulatory institutions.

House of Representatives voted to Article XVI of the draft federal budget for the fiscal current year and the expansion of private investment. Article XVI on the expansion of private investment to open the door and the participation of the private sector to implement projects.

House voted to ratify the Article 17 in the special budget to authorize the Minister of Finance to increase appropriations; to cover the expenses of the National Center for Engineering Consultancy and construction of the Ministry of Construction and Housing.

House of Representatives voted to Article XVIII of the draft federal budget law for the current fiscal year, on the question of lending to citizens to be imposed the amounts. Article XVIII to oblige the agricultural, industrial and real estate bank, the fund distributes the housing loan interest rate of 2%, according to the population of each province.

Vote on Article 19 for amortization of debt owed to the government to pay the tax owed by taxpayers.

House of Representatives voted on Article XX of the draft general budget of the Federal Finance Law for the current year for appointment in leadership positions. Article Twenty indeterminacy in leadership positions, Director General and above unless there is a law degree in ministry or organizational structure.

Vote on Article 21 for calculating the benefits of foreign companies operating in the Kurdistan region for the purpose of extracting the oil.

House of Representatives voted on the twenty second article of the draft public finance federal budget for the current year, included calculating the benefits of international oil companies operating in Kurdistan. Article XXII is calculated oil companies dues operating in the Kurdistan region within the region’s share amounting to 17%.

Vote on Article 23 for transferring media and communications revenues to the state treasury.

House of Representatives voted on Article 27 special stop funding for ministries and provinces, which shall not be required, regardless of the 50% planned, set controls to contract with companies and implementation within specific timetables.

House of Representatives voted on the twenty-eighth article of the draft federal budget for the fiscal law and the current special rates in the implementation of the ministries until 07/01/2015.

House of Representatives voted on Article 29 for authorizing the Minister of Finance to issue the nature of support on behalf of the displaced determine in accordance with instructions issued by the Department of Accounting; for the purpose imposed on all citizens when their review of government departments.

House of Representatives voted on the thirtieth article of the draft public finance federal budget for the current year, the special law authorizing the Minister of Finance to conclude some of the contracts on behalf of the Republic of Iraq.

House of Representatives voted on Article 31, which states when transferring an employee of the Department of State services centrally funded or to the private sector bears the ministry or organization is not related to the Ministry half his salary received by the transferee, including the department for two years, from the date moved on to cut his relationship from the same circle.

House of Representatives voted on Article 33 for the imposition of sales tax on mobile telephones and Internet networks TONGS 20% of the card value and 15% on the purchase of cars of all types of tickets, the Ministry of Finance to issue the necessary instructions for the application of this article.

House of Representatives voted on Article thirty-four of the draft federal budget for the fiscal law for the current year, for the issuance of remittances to cover the benefits of international oil companies operating in the country.

House of Representatives voted on Article 35 special compel the Ministry of Water Resources sale results Cree rivers and under its proceeds to the public treasury.

House of Representatives voted on the thirty-sixth article of the draft federal budget for the fiscal law for the current year, which obliges ministries buying needs from local products.

House voted Thursday to Article 37, which states, “for the purpose of the contribution of state employees and the sector in the face of economic challenges, to support our security forces in securing the war requirements against terrorism is the adoption of national savings to the staff of the state system and the public sector issued by the Federal Council of Ministers.

House of Representatives voted on Article thirty-eight of the draft public finance federal budget for the current year, which provides for the banks Rafidain and Rasheed continue lending to public companies, departments and government institutions that suffer a shortage of money; to enable them to secure their members’ salaries and meet its obligations.

House of Representatives voted on Article 39 for constantly Rafidain and Rasheed bank lending to public companies and self-funded bodies that suffer from shortages.

House of Representatives voted on the forty-fourth article of the draft federal budget for the fiscal current year, which obliges the Ministry of Finance and the Central Bank to establish the necessary support to the government banks to improve their performance plans.

House of Representatives voted on the forty-sixth article of the draft federal budget for the fiscal law for the current year, which includes the establishment of Islamic banks from the central bank instructions.

House of Representatives voted to reduce the number of cars of the three presidencies to five cars each in the budget of 2015.

House of Representatives voted to prevent the central bank from the sale of more than $75 million a day in the auction.

House of Representatives voted on the fifty-first article of the draft federal budget for the fiscal law for the current year, which obliges the Kurdistan region’s share of the budget allocated to the province of Halabja.

House of Representatives voted on Article fifty-four of the draft federal budget for the fiscal law for the current year, which obliges provinces of Nineveh, Anbar and Salahuddin disbursement of funds to the displaced regional development and petro-dollars.

House of Representatives voted on the fifty-sixth article of the draft federal budget for the fiscal law for the current year, which obliges the Ministry of Commerce awarded the displaced cash instead of ration card.

House voted Thursday Article 57, which obliges financial salaries of employees regardless in hot areas.

House of Representatives voted on the fifty-ninth article of the draft federal budget for the fiscal law for the current year, which provides for the deployment of law in the official gazzette as of 01/31/2015.

House of Representatives voted Thursday to ratify all the materials to the state budget 2015.

House voted Thursday to rule directed the Ministers of Finance, Planning coordination to provide the funds needed for 2015.

House of Representatives raises to the tenth of the month of February after the vote on the draft federal budget for the fiscal year to law.

Alforat News