Thread: Archive News - Iraqi Dinar Think Tank - 24/01/201 - 23/07/2011

Government adviser calls for private banks to merge to provide large amounts of capital

The government economic adviser to the merger of private banks to provide large amounts of capital can promote the banking sector in the country.

"Abdul Hussein Al-Anbuge of Kurdistan News Agency (Rn) that" private banks operating in Iraq are still banks (family) did not reach the level of cash banks Partnership actors in the Iraqi economy. "

The Ministry of Finance of Iraq to more than 90% of private banks in the country operate according to distinct monetary controls, indicating that the Iraqi Central Bank has succeeded in the development of private banks during the last period.

The Anbuge that "the advancement of the banking reality in Iraq begins through private banks to seek mergers and the formation of strong cash banks have the ability to develop the banking system in the country."

The total capital of Iraqi private banks from 30 million in 2004 to one billion and 600 million dollars now, except that owned by the branches of Arab and foreign banks operating in the country.

The Anbuge that "private banks have the means of monetary and banking sophisticated and modern, but the main obstacle faced by the poor is their capital, making it unable to cope with government banks."

The Ministry of Finance announced in May last for the formation of an ad hoc committee to develop and organize the work of private banks in the country.

Anbuge and that "there are great efforts made by private banks in the development of its banking system and upgrading the level of international banks in business dealings."

http://www.aknews.com/ar/aknews/2/215456/

Deputy Prime Minister meets the Director-General of the World Trade Organization

Met with the rule of the Deputy Prime Minister Dr Hussein al-Shahristani, the Permanent Representative Ambassador Mohammed Ali Hakim, Mr. Pascal Lamy at WTO headquarters on the afternoon of 31.01.2011.

And the sovereignty of the major developments witnessed by the oil sector in Iraq, will the seriousness of the entry to the WTO, but pointed out that accession for Iraq is not an end in itself, there must be a conviction that the full benefit implications of the study and conscious of the impact of accession to the various economic sectors in Iraq He pointed out that Iraq is interested in good works on agriculture and development to reach self-sufficiency. He pointed out that Iraq is seeking to keep oil policy from political considerations, and that the approach adopted by Iraq based on full transparency on production and selling prices.

On the other hand, said Mr. Pascal Lamy that the work of Iraq are promising, and accelerate the accession or delay the return to Iraq, and Iraq must conduct a thorough study of its trade policy and to reflect the reasonable grounds for such a policy and implementation mechanisms, and must update its laws and make it identical with the rules of the multilateral trading system, and to identify people with high qualifications of the legal and technical, Commissioner full authority and is supported by the Prime Minister to take appropriate decision.

The goal of all States to accede to the WTO are: -

1 - To provide a high degree of security against protectionism and closed markets for national goods.

2 - the flow of foreign direct investment, because membership in the WTO are essential evidence in the mind of every foreign investor that the system standard and stable in terms of the legal environment and predictable.

The meeting was attended by the caseworker, Mr. Razak Salman worthwhile / Second Secretary.


http://www.iraqiembassy.ch/ara/artDetail.php?id=358

Arab League rejects postponement or cancellation of the summit Baghdad

The Ministry of Foreign Affairs on the tongue and the agent, however, Abawi that the next Arab summit will be held in Baghdad in the timing nor the selected next March.

The Undersecretary of the Ministry of Foreign Affairs, however, to Abbawi in a press statement there is no reason why the upcoming Arab summit in Baghdad, adding that the State received a delegation from the secretariat of the Arab League to prepare the final arrangements for the start of the next summit in March next month in Baghdad.

He added that the Arab League reiterated its rejection of any postponement or cancellation of time and venue of the forthcoming Arab summit in Baghdad.

http://radionawa.com/ar/NewsDetailN....784&LinkID=151

Supreme Judicial Council: can not resolve the Federal Court, but a new law

The spokesman for the Supreme Judicial Council that the solution to the Federal Court by the Council of Representatives at the present time is not possible legally.

Sattar said Albraikdar during a media statement that the Iraqi Council of Representatives can not be a solution at the present time the Federal Court to proceed without a law regulating its work and is in light of new federal court.

He added that the Federal Court has several functions, notably the interpretation of the constitution and constitutional laws are not clear and has no relationship with the interpretation of the decisions of a legal nature, indicating that the Federal Court to give its decisions according to the Iraqi constitution, and any infringement on its resolutions meant bypassing the explicit to the Constitution, which required all government agencies to comply with Baqrartha.

He explained that the Federal Court is composed of eight judges as members and the President, Judge Medhat al-Mahmoud working in accordance with Article 92 of the Constitution.

The chairman of the House of Representatives on Wednesday at a news conference addressed the House of Representatives to resolve the Federal Court after obtaining the political consensus.

The Federal Court in 18 of the last month has been linked bodies independent government after the request by the Prime Minister formally including the interpretation of Article (103), which states in its first paragraph: Each of the Central Bank of Iraq, and the Office of Financial Supervision, and the media and communications and Endowment bodies, financially and administratively independent, and the law regulates the work of each of them.

The second paragraph states that: The Central Bank of Iraq responsible before the Council of Representatives and the Office of Financial Supervision Authority Media and Communications House of Representatives

http://www.nakhelnews.com/pages/news.php?nid=5563

Deputy for the National Alliance: questioning the Federal Court and its decisions mean to question the legitimacy of the House of Representatives

MP for the National Alliance Mohammed Saadoun Chihod doubt that the Federal Court and its decisions mean to question the legitimacy of the House of Representatives and thus question the legitimacy of the political process.

He said Chihod in a statement issued by his press office has received news agency, a future version of it, on Wednesday: "The Federal Supreme Court shall control the constitutionality of laws and the interpretation of texts, and the disposition of cases arising from the application of federal laws, and ratify the final results of general elections for membership of the House of Representatives" .

He added: "It may not question the decisions of the Federal Court and questioned the means questioning the legitimacy of the House of Representatives and thus question the legitimacy of the political process and that the Federal Court is illegitimate and its decisions in interpreting the provisions of the Constitution are final and binding."

He continued: "The fears of lack of independence of independent bodies and unjustifiable existence of a strong parliament and an active monitor their work and maintain their independence as that of the most important pillars of success of the political dimensions of the judiciary from the politicization of its decisions and quotas in the composition."

The Federal Court has issued on the eighteenth of last month a decision to link with independent bodies under the chairmanship of the Council of Ministers, not under the chairmanship of the House of Representatives, in response to the request of Prime Minister Nuri al-Maliki, the Court interpreted the constitutional article. and saw the House of Representatives at its Tuesday undecided between the House of Representatives on this resolution.

http://mustakbal.net/ArticleShow.aspx?ID=1043

Iraq calling for the disbanding of the Federal Court

A member of the Committee of Tourism and Antiquities from the list, the Iraqi deputy Mohammed Karbouli not possible to cancel the decision to link the bodies of the Council of Ministers, but to dissolve the Federal Court.

Karbouli said during a media statement that the Federal Court can not be undone or reversed a decision issued by him, but dissolution and the formation of a new tribunal to consider this resolution, stressing that the Iraqi List, you will be prompted to dissolve the court.

He added that the decision to the Federal Court decision to link independent bodies of the Cabinet decision is unfair to the democratic process noting that most of the political blocs want to be independent of these bodies is linked to the government and be monitored by parliament

http://www.nakhelnews.com/pages/news.php?nid=5561

Jordanian stole $250,000 from US in Iraq: court

A jury has convicted a Jordanian man who worked for the US Embassy in Baghdad of stealing almost $250,000 from the mission, the Department of Justice announced.

Osama Esam Saleem Ayesh, 36, had been hired by the State Department to oversee the shipping of personal property of US officials in Iraq and clear the goods through customs.

Wednesday, a federal jury in Alexandria, Virginia, found he created a fake email account to impersonate a real contractor and funnel payments totalling $243,416 on false invoices to an account in his wife's name in Jordan.

Ayesh faces ten years in prison on each of two counts of theft and five years for a conflict of interest charge when he is sentenced April 8.

http://www.zawya.com/Story.cfm/sidAN...raq%3A%20court

Parliament Speaker vows to reverse Federal Court decision

Iraqi Parliament Speaker, Osama Nujaifi vowed on Wednesday to take series of measures to reverse the controversial Federal Court ruling that links a number of independent boards to the Cabinet, describing it as a threat to the Iraqi constitution and the political process.

Nujaifi said during a press conference attended by AKnews that the Federal Court's ruling was "ambiguous" and that linking the independent bodies to any party was "unreasonable".

"Linking them (the independent bodies) to the government would make the boards lose their independence that was granted by the constitution," Nujaifi continued, adding that he had asked the Iraqi President Jalal Talabani to intervene "to protect the constitution".

Having discussed the matter with Prime Minister Nouri al-maliki, Nujaifi said that Parliament would "demand the Federal Court for an explanation for its decision", and assuring that "parliament has several options concerning this matter" and will take a series of measures to protect the independence of the boards.

The Federal Court issued on January 18 a ruling that links a number of independent bodies to the chairmanship of the Council of Ministers and not to the chairmanship of the parliament in response to Prime Minister Nouri al-Maliki's request to interpret the constitutional article concerning independent bodies.

The bodies that the federal court ruling put under the jurisdiction of Maliki's cabinet include the Supreme Commission of Human Rights, the Independent Higher Electoral Commission (IHEC), the Integrity Commission, the Iraqi Central Bank, the Financial Inspection Office and the Media and Communications committee.

The bill's opponents say that it reflects the desire of the Prime Minister to control the independent bodies, thus increasing his own power to the detriment of the principles of national partnership upon which Iraq's foundling government is meant to be founded.

The ruling, they say contravenes both articles 103 and 104 of the Iraqi constitution's chapter IV which clearly state that these bodies are financially and administratively independent and subject to the supervision of parliament which regulates their work according to the law.

The Iraqi parliament held a session yesterday in the presence of the heads a number of the independent boards affected by the ruling to discuss the Federal Court's decision.

Several political blocs, most notably al-Iraqiya and the Kurdistan Bloc's Coalition (KBC) openly opposed the idea of linking the independent boards to the Iraqi Council of Ministers, describing the move as "excessive" on the part of the ruling National Coalition (NC).

http://www.zawya.com/Story.cfm/sidZA...urt%20decision

Next week .. start by reading the Federal Court Act

House opens next week reading and discussion of the law of the Federal Supreme Court for approval, in a move aimed at ending some of the differences or growing skepticism by its decisions. Informed source said in a statement the "morning": that "after a meeting of the Legal Committee in the presence of the President of Parliament Osama Najafi was agreed to put the law of the court next week."

The president of the House of Representatives submitted a request to President Jalal Talabani to intervene and protect the Constitution after the decision to link the Federal Court of independent bodies of the Cabinet. However, Najafi said that any measures taken to ensure the independence of the authorities will be in collaboration with the government.

The chairman of the House of Representatives at a press conference held yesterday on the draft law for the formation of a new federal court, noting that the project is in need of political consensus, as he emphasized the need to support the independence of the judiciary, non-politicized. The Federal Supreme Court issued a decision, in January 18 last, provides for linking independent bodies referred to in the Constitution, the prime minister directly, not under the chairmanship of the House of Representatives.

Najafi said that the new Federal Court will be formed under Article 92, 93 and 94 of the Constitution, noting that "those substances identified the features of this court and the composition and duty to interpret constitutional provisions and rule on the constitutionality of laws."

It is said that Prime Minister Nuri al-Maliki has pledged to work not to influence the work of independent entities associated with the government, stressing that the decision to link segmental and non-discrimination, saying: "I can not find a state of anxiety on the work of independent entities, and not find justification to do so because this bodies are independent of the laws through which it operates." In a related context, the President of the Foreign Relations Committee in the House of Representatives Hamoudi, the need to preserve the independence of the independent bodies.

http://www.alsabaah.com/ArticleShow.aspx?ID=1976

U.S. condemns Jordanian court on charges of stealing money (a quarter million dollars) of U.S. aid to Iraq

convicted by a jury in a U.S. federal court, the Jordanian citizen Osama Essam Ayesh on charges of stealing a quarter million dollars of U.S. aid given to Iraq.

And Ayesh was responsible for the work of the loading effects of the staff of the U.S. Embassy in Baghdad, payment of tax for that process with investigators received information from an Iraqi businessman, stating the fact that Ayesh embezzling funds from the U.S. aid.

Ayesh and around more than 240 thousand dollars to a special account in Jordan in the period between 2008 and 2010

http://www.nakhelnews.com/pages/news.php?nid=5571