Shabibi is Back? or maybe never left is more like it but good article
Allawi suggests use of balshabibi and experts to solve economic problems
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The Chairman of national coalition Ayad Allawi, the Iraqi Government restore former Iraqi Central Bank Governor Sinan Al-Shabibi, hiring Committee of financial experts, and economic organ formation to save Iraq from the economic crisis.
Allawi called on reporters pursued/the balance of news on the Government to "restore using economists and finance, the formation of a body to save the Iraqi economy, steering compass Government from bankruptcy in order to get out of the financial crisis, Iraq intends to create free zones in four provinces, with Central Bank launch $ 6 trillion Iraqi dinar banks, agricultural, industrial, real estate and granted to citizens".
Allawi said that the Iraqi Government in bankruptcy, it must tend to get loans, and had tried, and Finance Minister Hoshyar Zebari discussed successfully securing loans from World Bank limits billion and 200 million dollars, and there are attempts underway to get $ 2 billion.
Iraqi Parliament Speaker was Selim Jabouri called, today, the World Bank, to support Iraq economically out of financial crisis.
The Finance Ministry has formed a Committee to raise non-oil revenues the State to confront the financial crisis, the country, after a drop in oil prices in world markets. Ended 29/d 24
Italy to open olive oil factory in Iraqi Kurdistan, train farmers
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HEWLÊR-Erbil, Kurdistan region ‘Iraq’,— Italy will train Kurdish farmers working in olive groves and open a plant in Iraq’s Kurdistan region to make olive oil, local farming officials told Rudaw.
Samir Ismael, an agricultural official in Kurdistan, told Rudaw that “the Italian government provided 789,000 euros for this project,” adding that the International Centre for Advanced Mediterranean Agronomic Studies (CIHEAM) will monitor the process.
According to Iraqi government data in 2008, there are 169,400 olive trees in the Kurdistan region, but most are used for purposes other than producing olives for consumption.
Since the release of that data, Kurdish officials have imported more than 1.7 million olive trees from Syria, Turkey, Italy and Spain, providing an opportunity to 800 new Kurdish farmers to enter the farming sector to grow olives.
“According to the agreement the Italian team will establish the factory in the Kurdistan region in the next 90 days,” Ismael said, adding that experts from the company will remain until the company begins production of olive oil.
He explained that the factory will only to produce olive oil in the first phase, and that more factories will be needed to produce other commodities, including soap.
The factory will be managed by Kurdish olive grove owners, in an agreement with the Kurdish government.
Hashim Kamal, one of the land owners who will work with the factory, said, “We will run the factory with CIHEAM organization.”
After the Islamic State group took control of the Bashik olive factory, the Kurdistan region has only one factory, Mala Umara, for producing olive oil.
The new olive oil factory will be established in the Khabat neighborhood of Erbil. Most of the olive trees in Kurdistan region are in Erbil and Duhok provinces.
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Tomorrow .. Abdul-Mahdi and a group of experts to discuss activating the work of the national oil company
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BAGHDAD - scales News
Discusses the Oil Minister Adel Abdul Mahdi, on Saturday, with a group of oil experts, the economy and the reality of the oil policy and activating the work of the national oil company.
According to a statement received / balances News /, a copy of which, "The Institute of the progress of the policy development in the Jadiriyah held tomorrow important seminar at the Institute's headquarters Bagadirah in Baghdad about the reality of the oil policy and activating the work of the national oil company in the presence of Oil Minister Adel Abdul-Mahdi and a group of oil experts and economists." .
The statement, that "the seminar run by MP Mehdi al-Hafez will be held at 10:30 on Saturday morning," .anthy 29/9
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Central believes the pillars of the protection of "electronic dinar" civil and banks confirms its readiness for use
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ong-Presse / Baghdad
The Central Bank of Iraq, said Friday that the e-dinar technology facilitates financial transactions and sings for the cash payment and its problems, noting that it has developed a lot of technical and regulatory foundations for the launch and insurance protection in collaboration with the companies "solid", while expressed Association of Iraqi banks, private banks ability to dealing with that technology, particularly that 20 of them have e-services currently.
A member of the Board of the Central Bank, Ahmed Rehn, said in an interview to the (long-Presse), said that "electronic payment (e-dinar) technical issue concerned with facilitating financial transactions to the public, and Ngnehm for cash payment, which cause a lot of delays and problems, as well as it reduces costs, "adding that" the Central Bank was attended by a lot of technical and regulatory foundations for the launch and insurance protection in collaboration with specialized and reputable companies. "
He added Rehn, that "private banks suffer several problems, including those related to liquidity, as a result of mistakes in the management of its financial resources and employ them," noting that "the private banks did not anticipate the risks, one of the most important banking controls, which expanded by about more than potential, but Zllk not It prevents them from exercising the electronic payment process of being separate from the availability of liquidity. "
He stressed Rehn, that "electronic payment is not the first step the central bank in the development of the banking system, as it worked since 2004 on the intraday settlement system (RTGS) in settling the high interest payment orders, where she has electronic trading taking place between the banks and the central bank on the one hand, and banks with each other hand, "pointing out that" the e-dinar step in a series of steps the central bank to develop banking business and to facilitate things citizens. "
For his part, Executive Director of the Association of Banks, Ali Tariq, said in an interview to the (long-Presse), he said that "a lot of private banks are able to move to electronic payment and dealing with the system," noting that "among those banks electronic services developed working on nearly a daily basis, in various dealings. "
Tariq said, "The 20 banks waged operate electronic payment cards for years," she returned to "electronic dinar service will lead to increased competition among private banks by about contributing to the development potential and mechanisms of its work."
In turn called financial expert, on behalf of Jamil Antoine, in an interview to the (long-Presse), to "educate citizens about the benefits of e-dinar, and improve the ability of the banking system and training to deal with the new technology which supports liquidity and reduce cash use of paper and the problems that accompany it," attributing it to "weakness of the banking sector the confidence of citizens."
He called Antoine, the need to "address the private banks problems, some of which are suffering serious problems," following the "worrying signs have emerged in 2012 on the development of banks in Iraq, as a result treated 11 percent with the Iraqis only with them, according to Central Bank statistics, and the small number of its branches and other negative indicators. "
And saw a financial expert, that there is "an urgent need to prepare the banks for dealing with electronic payment technology to ensure not get negative reaction on them," returned that "the reform of the banking business and the enactment of necessary laws to require, as well as tighter controls on banks."
The Central Bank of Iraq, announced in (the first of February, the current 2016), his willingness application of the electronic payment system and the launch of e-dinar, about contributing up to deal with the banks and reduce the problems of the cash deal, calling on government agencies to take advantage of them, while the Economic Commission parliamentary stressed importance of electronic financial systems in the fight against "corruption and bribes."
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