Standard & Poor’s credit rating to Iraq (B- / B)

Financial services company Standard & Poor’s Saturday, developed its credit rating for Iraq (B- / B) with a stable outlook.

Reuters reported, citing the company’s outlook to stable expectations that include a large deficit in the budget and balance of foreign transactions will be possible to finance and also contain the conflict with “Daesh.”

Standard & Poor’s predicted that the real GDP growth for Iraq will fall to less than 2 percent in 2017 to 2019 levels due to the negative effects of the consolidation of fiscal policies and local demand is weak.

The Standard & Poor’s (S & P) is a financial services company based in the United States. A subsidiary of The McGraw-Hill Companies firms which publishes financial research and analysis on stocks and bonds. Well known in the stock market, the US S & P 500 and S & P / ASX 200, the Australian S & P / TSX and the Canadian S & P / MIB Italian, Indian S & P CNX Nifty. It is also one of the credit rating agencies Big Three, which also includes the classification of both Moody’s and Fitch Group.

Abadi announce the end of Khalidiya Island operations after its liberation in full

Prime Minister Haider al-Abadi Saturday announce the end of military operations in Khalidiya Island in the province of Anbar after its liberation from the domination of the entire organization, “Daesh,” as he pointed to the deaths of “a large number” of members of the organization during the battles.

Abadi said in a statement received Alsumaria News, a copy of it, “another victory achieved in Khalidiya Island with vigor and courage from the brave fighters and sacrifices of the martyrs, the wounded fervent added to the great victories that have been made this year, we announce to our people finishes Khalidiya operations after its liberation completely killing large numbers doaash inflicting another humiliating defeat for their continuation successive defeats last of which was in Qayyarah.”

Abadi said, “Congratulations to the people of Iraq these victories and heroes blessed the efforts of the various formations and the people of Khalidiya honored.”

The Joint Special Operations Command announced earlier on Saturday, cleansing the entire island of Khalidiya in Anbar province from control of the organization “Daesh.”

Rafidain Bank instructs its branches to expedite the completion of transactions

Rafidain Bank instructed all branches need to complete the transactions to citizens within a maximum of three days.

The press office of the bank, in a statement received by all of Iraq [where] a copy of it today that “the director of the bank Khawla Jabbar, directed departments branches to expedite the completion all the transactions within a period not exceeding three days if there is no legal exhibitors.”

That “Bank ‘s decision comes in the framework of shortcut routine and overcome the obstacles in front of customers.”

Jabbar stressed that “the branches of the bank, according to directives announced its reception and acceptance entitled to departments and state institutions in all instruments, regardless of the bank that issued the instrument, whether from the state bank or from family bank, pointing out that “some of the branches of the bank refused issued by private banks instruments.”


Adoption of a general amnesty law step furthering enhance nation building and reconciliation

Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubis, welcomed the progress made by the House of Representatives in the implementation of legislative items on the agenda, which was most recently approving general amnesty law.

He said according to a statement of the mission internationalism [UNAMI] received by all of Iraq [where] a copy of it, “This is another step towards strengthening the state – building, this is the legislation that passed today is a key factor in supporting efforts to achieve national reconciliation.”

He pointed out that “the general amnesty law had been preceded by banning the Baath Party, which is is the other important legislation law,” and expressed “hope to take further steps to strengthen the rule of law in Iraq.”

Kubis said, “that these laws explicitly in the national political agreement in 2014 and the program the government of Iraq, and we expect that Taatbahma other legislation, particularly the justice and accountability Law, as advertised in the political agreement and the program of the government. ”

The House of Representatives approved Thursday draft general amnesty law after a dispute for years, especially the paragraph relating to the accused terrorist, where the law pointed to the formation of a judicial committee would be responsible for considering the extent of the possibility of re – trial of the accused to Article 4 / terrorism or not, not at the request of the accused himself.


Parliament announced the near completion of the Banking Act

Parliament’s Finance Committee, on Thursday, announced near completion of the Government Banking Act.

The committee member Ahmed Sarhan, L / balance News /, “The ongoing discussions within the Commission on the draft law of the government banks.”

Ahmed said, that “the Commission is seeking the finalization and submission to Parliament, for the purpose of voting on it”, pointing out that it “will be finalized in a short time”.

Balance News

House of Representatives vote on the amnesty law

House of Representatives, on Thursday, approved the general amnesty law, controversial law despite objections and political concerns about the law.

A parliamentary source told / information /, “The House of Representatives voted during its meeting held today, the amnesty law in all its articles and paragraphs.”

Earlier amnesty law objections and concerns by lawmakers and political blocks, which saw it as a way to release terrorists, several times parliament failed to pass before they vote on it today.

Information Agency

French company sign the biggest contract ever for shipping cement

General Company for Land Transport signed on Thursday, with the company Lafarge, France biggest ever contract for the transfer of cement.

The minister said during a speech at the signing of the ceremony that “this contract is a great success in favor of the formations in the Ministry of Transport to strengthen the relationship with major international companies, Achievements to achieve the goals of the Ministry of Transport in activating the prospects of joint work finding quality strides in expanding those relationships with the most important of the world’s largest companies to receive interest on the reality of the company.”

The statement added, “to hold a joint press conference between the Director General of the General Company for land transport Abdul Amir al – Muhammadawi and CEO of the French company Lafarge.”

He said we are delighted today to achieve that feat Minister and Inspector efforts one year and two years in the ministry who were supportive of the pace of projects of land transport in the openness with international companies to broaden its work, that the company owns a large fleet placed on it responsibility in several areas, especially in the transfer of loads of cement with the company ‘s plants in Sulaymaniyah to all of Iraq ‘s provinces.”

He added “the contract is the largest in the history of the company, which will be a one-year, renewable for five years and there are important aspects in the contract will receive large benefit to the reality of the company and employees.”


President mourns Deputy Central Bank Governor

President Fuad Masum Thursday, mourned Deputy Governor of the Central Bank of Iraq Zuhair Ali Akbar, who passed away yesterday during an operation in a hospital in London.

Masum said in a condolences, according to a presidential statement received by all of Iraq [where] a copy of it, “We received with regret and pain the news of the death of the deputy governor of the Iraqi Central Bank Zuhair Ali Akbar.”

He continued, “as we mourn Zuhair Ali Akbar, we lost an expert brilliant financially and economically spent about four terms in hard work in the service of his country, we can recall the fiscal and monetary value of his works, he has done the perseverance of efforts to develop the financial institutions and the banking sector in the country for several decades.”


The formation of a new court to resolve disputes on investment issues

Supreme Judicial Council decided to form specialized investment issues First Instance Court, to resolve disputes arising out of it.

The spokesman for the judiciary Judge Abdul Sattar Bayraktar, said in a statement received by all of Iraq [where] a copy of it, “the Supreme Judicial Council during its last meeting decided to form specialized First Instance Court for investment issues.”

He added that “This court will resolve the disputes arising from investment related, “pointing out that” to be based in each region an appellate center.”

According to Bayraktar that “the decision comes on the basis of the provisions of the judicial organization Law, As part of the judiciary to create specialized courts”.