In a published statement says, “The agreement states that the World Bank will support the private and public transport sector, develop its work mechanism, and encourage global investment companies to work in Iraq under the bank’s guarantee as a main guarantor in this field”.

The deal between the World Bank and Iraqi Government is important to the latter as part of their program for the development in the transport sector as well as to oil foreign investments.

On the other hand, Dr. Roshdi Al-Ani, Who’s Iraq’s Ambassador in Islamabad met with the Minister of Food Security, Mr. Eskandar Hayat Khan.

According to the Ministry of Foreign Affairs, the Ambassador has made clear that Iraq faces terrorism directly in order for peace and security to restored to the region, and owing to the sprite of the Iraqi concern, the entire world stands with it against ISIS and its agents.

“For his part, Minister Hayat Khan expressed his ministry readiness to put all the potential for the Iraqi Ministries of Agriculture and Commerce,” concluded in a report.

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Thusly, the UK is now breaking through the East European market. Qualifications were offered to Magna Carta Oxford Business School. It has been honoured by the London-based Association of Business Executives or ABE, certifies courses on 300 schools worldwide.

According to the director of marketing and business development at ABE, Ian Fraser, “Distance learning is not very well known or established in Belarus. The courses we are offering will give it a big boost.”

During a conference last month 27-28 of November, delegates from different parts of the world talked about the significance of guaranteeing the quality of distance learning. The qualifications of British are seen as globally perceived and the university system possesses a significant stress on quality.

By contacting different countries, Belarus wants to enhance its education system and increase section into the Bologna. It likewise needs to build the quantity of global students it pulls in.

Belarus is conversing with the Iraq government about supporting the Iraqi students to acquire British courses. It is a less expensive choice to study abroad and would empower them to get to a British higher education.

“We’re trying to encourage more to come and study in Belarus because we believe that the education system in Belarus is quite good,” said by Iraqi Ambassador Haidar Hadi. “Most of the universities are very solid. And it’s more practical for them to go to Belarus rather than the UK because it is cheaper.”

“We’re attempting to sway more to come and study in Belarus in light of the fact that we accept that the training framework in Belarus is great,” stated by the Iraqi Ambassador to Belarus, Haidar Hadi.

“The vast majority of the colleges are extremely strong. Furthermore its more handy for them to go to Belarus as opposed to the UK in light of the fact that it is less expensive,” he added.

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]]> https://dinarexchange.com.au/iraqidinars/iraqi-government-2/distance-learning-is-proposed-to-iraq-in-belarus-empowering-the-young-iraqi-students/feed/ 0 https://dinarexchange.com.au/iraqidinars/iraqi-government-2/iraqi-kurdistan-is-now-trading-oil-to-international-market/ https://dinarexchange.com.au/iraqidinars/iraqi-government-2/iraqi-kurdistan-is-now-trading-oil-to-international-market/#comments Fri, 30 May 2014 02:11:35 +0000 iraqidinars http://dinarexchange.com.au/iraqidinars/?p=3397 Continue reading →]]> Expro as the leading international oilfield services company has protected a multi-year contract with top international oil company for Iraq multiphase processing testing. The agreement will give non-intrusive multiphase manufacturing testing of the oil wells in this coastal field.

Recently, the self-governance of Iraq northern Kurdish district has begun trading crude oil to the international market throughout the Turkish harbour of Ceyhan regardless of protests from Baghdad central government, as commented by the Turkish minister.

The Iraqi Government has become resolute that it has the only right to expand and market the natural resources of the nation. As the U.S.-led invasion in2003, the Arab- headed central government and Kurds in Baghdad at loggerheads over rights to develop resources.

According to Baghdad that the central government may represent and grant arrangements to the developers and trade crude to international market, even as the Kurds contend that the constitution permits their local government to do so too.

The Kurds have agreed 50 contracts with Western oil organizations without the assent of Baghdad. Since right on time in January, they began pumping the crude oil in the course of different pipeline that goes all the way through Turkey, evading Baghdad-controlled one.

The most recent improvement could add to the effectively souring dealings between the Baghdad and Kurds during an era of beginning transactions to structure another government after the April 30 national elections. The nation’s Shiite Prime Minister, Nouri al-Maliki, rose the greatest victor who secure 92 seats in the 328-part parliament.

Iraq holds the world’s fourth biggest oil reserves 143.1 billion barrels. Oil revenues make up about 95% of Iraq’s financial plan.

• Building new roads
• Sewage system
• Systems for drinking water
• Power transmission lines
• Gardens and 17 schools in Baghdad villages
• Restoring gardens and clearing roads
• building new housing in Abu Ghraib, Baghdad

The projects have been awarded to particular organizations and are required to finish within this year.

On the other hand, Iraq is set to send out improvement and service projects for Baghdad that’s probably worth up to 30 billion Iraqi dinars or 25.8 million dollars, said by the Iraqi government on the 24th of February.

These incorporate the development of:

• Water and sanitation networks,
• Pavement of roads
• Construction of two bridges in order to lessen traffic jams in Baghdad

..said Saleh al-Mutlaq, the Deputy Prime Minister for Service Affairs.

“The projects, which were awarded under the supervision of Amanat Baghdad, represent the first batch of projects scheduled to kick off before the end of the first half of this year. Local private and government companies will carry out the work.”

The development projects in Baghdad has started its work. The joined worth of the projects is worth 220 billion Iraqi dinars or 189 million dollars, confirmed by the Iraqi government recently. The projects include:

• Building a five-star hotel
• Three modern hospitals
• Building a power plant
• Constructing new ring roads all over Baghdad and to its suburbs connected to the national road network
• Building a land communication network for approximate 40% of the neighbourhood in the city.

Deputy Prime Minister for Service Affairs Saleh al-Mutlaq said,

“The projects will significantly change the face of the capital. Foreign, regional and local companies will conduct the work, which is slated to be completed by the end of next year.”

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The Iraqi government appraises that the country requires 2.5 million new houses to meet the demand by 2016, yet, it might have the ability to construct about 130,000 by a year from now as much required abroad engineers stay far from the oil-rich yet agitated nation which confronts the repercussions of 40 years on a decade of war.

Mr. Al Darraji (Iraq housing minister )said, the Iraqi government was paying an approximate $600 per sq. m. for new houses which it financed through the $1bn housing fund of the country. He also noted that putting resources into Iraq housing sector is protected because of numerous reasons.

“The most important reason is that you are guaranteed to sell your flats for prices which are very acceptable for you. It’s a new area of business. There’s an English expression that there are a lot of people walking around the swimming pool but I’m sure that whoever jumps in first will get the best advantage,” Mr. Al Darraji added.

The recommendation of rich rewards has officially enticed a handful of UAE investors to obtain the thrust into Iraq. Abu Dhabi-based Bloom has signed a contract last September along with the Iraq National Investment Commission to construct 50% of the planned $15bn Madinat Al Mustaqbal- the “City of the Future” plan of building in Al Duhna 2,500 homes located on the edge of Baghdad. Furthermore, the engineers are additionally chipping away at a 40 thousand housing plan in Karbala, southern Iraq.

In October, Emaar declared that it was setting up to create new Downtown project of $3bn in Erbil, Kurdish city, which will also comprise houses, offices centers, shops, parks, and twin towers that cover up to 541,000 sq m.

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The Central Bank of Iraq makes sure to keep up the banks stability more than ever the civil, in a way of checks and instructions that are issued from time to time.

He as well indicated that the Finance Committee has the stability of the banks and tries to expand the civil ones. They make certain that their contribution in building the Iraqi economy by means of a real amplification of their capital, through deposits, in which is usually issued from the state’s ministries and its range of institutions, additionally, the deposits of citizens.

“The owners of these deposits were probably wary of resorting to banks in general and especially civil ones, so the Committee felt the need to enact a law that guarantees the deposits and protected,” Al-Tamimi added.

A financial specialist said that in order to revive the National economy, this requires improving the responsibilities of the private sector.

He substantiated that the Iraqi government put forth all effort to defend the Iraqi economy around unaccompanied, with no assistance from the private sector in this regard. He asserted that the improvement of the national economy necessitates the private sector activation as well as to enable its leadership role in the nation.

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An Iraqi government source said that PM Maliki will be going to Tehran for a couple of days over the approaching weekend, where he will congregate with Iranian President Hassan Rouhani for the very first time and other significant figures, along with the Supreme Leader Ayatollah Ali Khamenei.

There was no elaborated detail by the source about the visit of PM Maliki, it just that he noted that the Prime Minister’s agenda would take account of economic and security issues in cooperation between the two countries, the Syrian issue, as well as the agreement to impart the Shatt al-Arab river that was regularly regarded as the Algiers Accord.

The timing of the visit of Prime Minister Nouri al-Maliki to Tehran conveys an arrangement with an impact to a large extent throughout the period of the conference. The trip comes weeks after the early visit of Maliki to Washington on November, which blended up debate and incited clashing interpretations of its prosperity, especially with the equivocal Us stance on the third term of Prime Minister Nouri al-Maliki.

The visit matches with Iran and the P5+1 agreement. This notable agreement permits relief to Tehran from global pressure on its nuclear program and set out on another course with the West. The advancement reflects a wide trend that came out with the Reformist Rouhani to Iran’s presidency election.

The visit is also accompanied by Syrian variables on the ground, to the advantage of the Syrian regime, that precede the arrangements of the Geneva II meeting. This meeting is supposedly to discuss solutions to the Syrian crisis in consideration of realities that have changed since Geneva I, most notably the convergent US-Russian vision of a solution.

The visit is joined by Syrian variables on the ground, further reinforcing the advantage of the Syrian administration, that go before the courses of the Geneva II meeting. The meeting is probably to talk about the solutions for the crisis in Syria in consideration of facts that have changed since Geneva I, most outstandingly the US-Russian convergent vision of a solution.

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Yesterday, the Ministry of Commerce said that the Iraqi government might need to “vaccinate” the trade and investors offices accommodated by Iraqis as well as the foreigners in the course of the expansion of some of the activities in order to provide the quality of the parties.

Moreover, among the strategies of the open trade involving Iraqi banks and global banks, they are required for the procurement of infrastructure for the organization of trade and investment and dealings for stableness with the development of Iraq towards a market economy.

Minister Khairallah Babiker, informed in a meeting of a visit to Wings Baghdad International Fair, which open the 10^th day of the current month, that:

Iraq has the capacity of human and material huge and administration. Clear economic provides the infrastructure to launch business connections and investment towards  Iraq change from a totalitarian to a political economy.

Babiker also said that there are tons of laws and regulations that accelerate exchange connecting Iraq and various nations, wherein their strategies to be vaccinated from the side Iraqi and the relative economists.

Iraqi Trade Minister added that these laws are reviewed focuses that most of them are most critical for the setup of foreign commercial agencies allowed to non-Iraqis resided in the nation due to the strategies of the preceding administration in addition to the encroachment of economic approval on Iraq. This actually went ahead to Iraqis dealers and companies, and now incorporating the emergence out of Chapter VII, so there’s no justification for the continuance of this setup.

Babiker confirmed that the second thing is that we approach to manage the market of the country with no Broker direct investment and market, without the intermediary government presence, as well as facilitating the granting of visas with the parties any between Iraq and economists in order to deepen economic relations. “

Eventually, he also pronounced that Iraq an effective banking system to allocate investment business and Iraq economy improvement, in which this requires the opportunity to the exchange between Iraqi banks and the global banks.

He said, “We are confident that the Iraqi banking system has fully prepared to deal with the international banks. To apply those things, we guarantee the growth of trade and investment in Iraq and periods of record too and unchallenged. The Iraqi government has paid great attention to put forward substantive.”

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For all the undertakings encountered by the country of Iraq, the Iraqis are always calling for the best for their country. On the other hand, the Iraqi government and its MP members executed procedures to put things back on the right place despite the number of the current dire situations.  

Currently, Iraq decided to enter as a stable member of the world body in support of the country’s securities, which is actually an enormous decision made by the government since this can be the starting point to protect the land from further unconstructiveness to happen in the future.

Securities Commission is now working on the access to the world body for securities following Iraq’s withdrawal from the Chapter VII of money provisions.

The head of the Abdel-Razzaq al-Saadi indicated, the authority is functioning to provide evidence for their worth within the domestic market. They do this by investing in companies shares of operating that are presently operating in the country to help restore the Iraqi economy.

Abdel-Razzaq al-Saadi added that Securities Commission is doing their best to become a permanent member of the world body for securities, as they believe that this bestows the body a trademark in the global equity trading field; where massive amounts of money trading have power over economies giant as the case in the global markets.

Aside from such good news…

New Delhi for Iraqi News recent report said that Anand Sharma, the Indian Minister of Trade and Ministry has declared that the nation is observing the prospects of providing financial support in the trade with Iraq.

This will be done by means of the local currency corresponding Iraqi Dinar and Indian Rupees in preference to the US Dollar to counter the transformation and breakdown of the Indian Rupees value.

There will be mutual meetings between the Iraqi Prime Minister Nouri al-Maliki and the Indian Ministers to discuss in regards the concern of using the domestic currencies in trade exchanges for both countries, assured by the Indian Minister.

And the rate of the trade has achieved about USD 21 billion between Iraq and India. Iraq has loads of things to do for the development of the country’s securities as well as to the re-establishment of its economy, in which Iraqi people never stop to look forward to.

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Next month, the Finance Ministry plans for 2014 budget bill will be raised to the Council of Ministers to be considered and nominated.

The Finance Committee expect to obtain a clear boost in the quantity of investment expenditures for the next 3 years of 62 trillion dinars, and over 39% of the remaining budget allocations.

In order to increase the investment allocations for the implementation of the strategic projects, the presence of the specialists in economic affairs is important to take part in, to highlight the meaning of the increase of the imminent port financing budgets that can be achieved within the next 3 years.

The market economic policies have emphasized the Constitution to pursue an economist approach in Iraq.

Committee member/ MP Magda Abdel-Latif al-Tamimi recently made known the concentration of the budget for next year on a few vital points. This is placed in the front position of the state’s installation contractors and intensifies the number of results, taking note about the strategy in support of the self-financing companies.

Al-Tamimi announced that a member of the total revenue strategic vision and expenditure plan, informing that the overall revenue of 2014 budget ise qual to 143 trillion dinars,157 trillion and 712 billion dinars expenses, 14 trillion and 681 billion deficit amounts.
The approximate revenues for the year 2015 budget to 157 trillion and 285 billion, and 168 trillion and 837 billion of total expenses, with 11 trillion and 552 billion dinars of shortfall assessor.

The total revenue for the 2016 budget is 188 trillion and 883 billion dinars, at 178 trillion and 316 billion dinars for the amount of the expenses, and 10 trillion 567 billion dinars for the deficit expected, noting that the amount of the non-oil revenues is 8 trillion and 970 billion dinars for the year 2014, 9 trillion 818 billion dinars for the year 2015, 10 trillion dinars and 774 billion for the year 2016, with the firm and steady of dues region of the budget, wherein disposed its claims representation through province in preparation of the budget.

Tamimi said, the “Committee will develop a vision for the strategic general budget of the year the next three, which focuses on increasing grades, and installation contractors with government departments.”

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