Jordan: The Iraqi market is a fundamental pillar of our industry



Chairman of Jordanian Exporters Association Eng. Omar Abu Shasha
money and business

Economy News Baghdad:

The head of the Jordan Exporters Association, Engineer Omar Abu Shasha, confirmed that the reopening of the Trabil border crossing will restore life to the two countries’ trade relations in terms of Jordanian industrial goods and products, praising the government efforts exerted in this regard.

“The opening of the Trebil crossing will constitute a qualitative shift in the level of bilateral economic relations between the two countries and facilitate the movement of citizens and goods in both directions, reflecting their common interests,” Abu Washah said in a press statement.

“The Jordanian exports to Iraq have decreased since the closure of the Trebil crossing by about 1.5 billion dollars to reach 560 million dollars by the end of last year,” he said, pointing out that “Jordanian exports to the Iraqi market accounted for about 20 percent of the total exports of the Kingdom.”

“Iraq is considered one of the most important trading partners of Jordan, which is the main nerve of the Jordanian industry and enjoys priority and priority among many Jordanian traders, importers and industrialists who prefer its market to other Arab and international markets,” he said, stressing that there should be a quick visit to a Jordanian industrial delegation To meet Iraqi officials from the public and private sectors to consolidate the presence of national industry in the Iraqi market and maintain its share, which fell somewhat because of the closure of the crossing for about two years.

“The national industry, with its quality and high competitiveness, is able to regain its presence in the Iraqi market because consumers there know its products, in addition to the presence of Iraqi investors who have been working in the Jordanian industrial sector for many years,” he said.

The commander of the international coalition determines the fate of Baghdadi

Release date: 2017/8/31 20:02 


The commander of the International Coalition Forces in Iraq and Syria General Stephen Townsend identified the fate of a gang leader and called on the terrorist Abu Bakr al-Baghdadi.

“We are looking for al-Baghdadi every day and I do not think he died and we will try to kill him instead of the trouble of trying to capture him,” Townsend said. 

“The part of the ascendancy is due to the marginalized people of the Sunnis, who looked at Baghdad because they did not consider their interests and the government of Iraq to reconcile everyone and be the government of all.” 

The US general revealed “the desire of the Iraqi government to stay US advisers in Iraq.” After the defeat phase is urging. 

Russia announced last month that it had killed al-Baghdadi in Syria in an air strike at the end of May with a large number of terrorists in a meeting on the outskirts of the capital. 

The United States and the Iraqi government denied the reports and said he was still hiding in the border area of ​​Iraq and Syria.

In 2011, the US State Department considered al-Baghdadi a global terrorist and allocated $ 25 million to those who gave information leading to his capture or murder. 

And is about to call on the end in Iraq after the liberation of the province of Nineveh in full and stay in the areas of Hawija and western Anbar only and the liberation of the country will be free of them.

US general: convoy carrying elements of the Islamic state back to the depth of Syria

 Twilight News    
 one hour ago

The head of US forces battling the Islamic state in Iraq and Syria said on Thursday that a convoy of buses carrying al-Qaeda fighters and their families was trying to reach the organization’s stronghold near the Iraqi border and returned to areas controlled by the Syrian government after it halted air strikes. Her career.
“When I entered this conference about an hour ago, the buses were moving,” Townsend told reporters at a teleconference conference in Baghdad. But returned to the areas controlled by the (Syrian) regime. ”
He said troops from the US-led coalition did not attack the convoy but hit every fighter or vehicle belonging to the Islamic state that tried to approach the convoy.

Iraqi aviation security precedes the battle of Hawija with millions of publications

 Twilight News    
 20 minutes ago

Shafaq News / The military information cell announced the dumping of Iraqi airborne millions of publications on the province of Hawija one of the remaining strongholds of the organization of Daqash in Iraq.
Prime Minister Haider al-Abadi announced today the complete liberation of the province of Nineveh in full control of the district of Tal Afar.
He has an army commander in Anbar province as well as a large stronghold in Hawija district of Kirkuk province.
“In conjunction with the announcement of the commander-in-chief of the armed forces, the entire Iraqi province of Nineveh, the Iraqi air force planes launched millions of leaflets in the district of Hawija to announce to the citizens near their salvation from the gangs of terrorist groups after the liberation of Nineveh province,” the statement said.
The joint operations command will identify the safe routes that will be allocated to citizens later, and the joint operations will warn terrorists to lay down their arms and surrender to spare them from death. “

Abadi congratulates Iraqis on Eid and calls for renunciation of violence and discrimination


Thursday 31 August

Alsumaria News / Baghdad
Prime Minister Haider al-Abadi on Thursday congratulated Iraqis and Muslims on the occasion of Eid al-Adha, calling for adherence to peace, tolerance and renunciation of violence and discrimination.

“I extend my sincere congratulations and the highest congratulations to the Iraqis and the Islamic nation on the occasion of Eid al-Adha, which coincides with the victories of our heroic forces and the liberation of Tal Afar and the province of Nineveh in full,” Abadi said in a congratulatory statement.

“The end of the terrorists is imminent thanks to the sacrifices of our heroic heroes in all their names and names,” he said.


A stable outlook for Iraqi international bonds

31/8/2017 12:00 am

Baghdad / Mustafa Al Hashemi Fitch and Standard & Poor’s have agreed to raise the credit rating of Iraq to B with a stable outlook that strengthens the country’s financial position in the global bond market. To a stable outlook, and Standard & Poor’s recently granted Iraq a stable outlook. In 2017, Iraq issued two successive international sovereign debt instruments, which are linked to the international capital market. The first is the (Tigris) bond at a rate of 2.149 percent with a value of US $ 1 million issued by the US government. The second sovereign bond issued by the Iraqi government and its credit rating – B and carries interest at about 6.75 percent, which is lower than the Iraqi international bond traded in the secondary secondary markets since 2006.

According to the academic economist d. The credit ratingagency Standard & Poor’s has given Iraq a stable outlook, indicating that the agency has confirmed its credit rating for Iraq at B- / B with a stable outlook. At the same time, it is expected that the impact of oil production cuts on Iraq’s economic growth in 2017 .
He Mahouelle “morning”: the agency attributed the reason for granting a stable look to Iraq, to the expectations of continued efforts to control expenditures in the next few years, stressing that the classification receives support from the Iraqi oil production is concentrated in the areas under the firm control of the federal government.
According to a statement by the Fitch Foundation, it identified the bonds issued by Iraq at the valuation of B, explaining that this assessment is consistent with the long-term credit rating of the country’s foreign currency.
“The rating of bonds will be sensitive to long-term foreign currency changes, which is why the institution has long ago revised its rating from negative to a stable outlook.”
The prime minister’s finance adviser, Mohammed Saleh, said earlier that Iraq had issued the foreign sovereign bond (Euphrates) in the international capital market, which is payable after five years and a 6.75 percent interest paidevery six months.


Stability and confidence in the banking system


Author: Dr. The appearance of Mohammed Saleh

31/8/2017 12:00 am

 Still, talk about the manifestations of compactness takes various dimensions in Iraq. Between the coinage in kind, such as gold or gold occupied (Almkhshalat) jewelry and precious valuables and the compactness of the Iraqi dinar, which accounts for about 77 percent of the currency exported outside the Central Bank of Iraq as well as foreign currency.
The national economy is losing one of its strength factors by shifting its savings, which support the cycles of income and production, to leakage in the income cycle or weaken the chances of production and economic activity.
The demand for money or forms of money-like wealth for hedging purposes only, or its designation as a term, is also applied to the request for criticism for purposes of theoretical intervention and assessment of the role of risk in the behavior of monetary demand.
Accordingly, the history of Iraqi banking during the last century has witnessed the phenomena of exchanging gold in paper currency by placing gold as a hostage at the goldsmiths or moneylenders for interest. The demand for money here helps ensure that gold is taken out of cash leaks to the spending cycle and economic activity, but market instruments are illegal. Demand for cash is for transaction purposes, but income cycles are not necessarily complete and do not lead to real economic equilibrium.
The modern economic history of Iraq, especially in the sixties of the last century witnessed the start of the establishment of a government bank called the Mortgage Bank as a legal and legal alternative to the phenomenon of moneylenders and the whole illegal market in the provision of cash loans secured by gold; the Bank of mortgages in the provision of cash loans for the retention of gold that is in the possession of the borrower Until the maturity date of the loan or repayment against interest charged by the Mortgage Bank to cover the operating costs and part of the risk of fluctuating the value of the same security from the liquid or gold coins occupied.
But unfortunately the bank canceled the bank in the early seventies of the last century for reasons I do not really know. However, the banks remained in a semi-banking relationship with customers in the provision of some services. However, bank funds or personal bank vaults remained available to citizens and are available for use within each bank, especially the government, especially the Rafidain and Rashid banks. The citizen can retain his losses Gold and its valuable assets and important documents in those secure accommodation for a wage and a 100% security rate for a monthly or annual fee is cut.
The absence of this safe service cut off one of the bonds between the citizen and the bank as an entity that preserves the wealth of the society and creates an atmosphere of direct links between individuals
and banks. .
In conclusion, I call on the Central Bank of Iraq to proceed with the study of granting a license to an Iraqi bank for mortgages (mortgage gold occupied for monetary money), which strengthens the bank credit and turns the quasi-fortified wealth to a guarantor force in generating demand for money for the purposes of transactions and support economic activity, and promised one of the channels In addition to maximizing the atmosphere of trust between the banks and the deities by receiving their gold and other precious valuables in safe vaults at the banks for affordable wages. At the same time, Deposits that the public is looking for soon to check on his bank deposit from the risks of banks’ exposure and failures.


Sadr offers help in borders security following IS-Hezbollah deal



The Iraqi Cleric Muqtada al-Sadr. File photo.

Baghdad ( Iraqi Shia cleric and militancy leader Muqtada al-Sadr has urged the Iraqi government to ensure protection for its borders with Syria after a controversial deal between Islamic State militants and Lebanese militia Hezbollah helped the group redeploy there.

“The Iraqi government is required to secure the borders with Syrian al-Boukamal region,” Sadr tweeted on Thursday. “We are fully prepared to cooperate with it (the government)”.

A deal between Hezbollah and Islamic State fighters, approved by the Syrian government, has gone into force, granting IS militants a safe exit from the Syrian-Lebanese borders towards the Syrian Al-Boukamal city, near the borders with Iraq’s Anbar.

Baghdad has lambasted the agreement, saying it endangers its security. Prime Minister Haider al-Abadi called for an investigation by Damascus into the controversial deal.

Speaking to Alsumaria News, Naeem al-Kaoud, chairman of the Anbar province’s security committee, said IS had already deployed members coming from Syria at the province’s western areas. “Daesh (Islamic State) terrorist group has deployed a large number of their fighters coming from Syria at the towns of Annah, Rawa and Qaim”. He deemed the situation “violation of Iraq’s sovereignty”.

IS has held the three towns since 2014, and the government marks them as future targets of its military action seeking to end the group’s existence.

Townsend: We killed 1200 elements of Tal Afar and one million people still under his grip

 Twilight News    
 31 minutes ago

The International Alliance leader, General Stephen Townsend, said about 1,200 people were killed by an international bombing during the Tal Afar operations.
Iraqi Prime Minister Haider al-Abadi announced the liberation of the entire district of Tal Afar and the province of Nineveh from the grip of the organization.
Townsend said more than 100,000 square kilometers of land had been freed from a sympathetic grip by allied forces on the ground.
“About one million people and 25 percent of the land is under duplicitous control and the priority is to end this danger and defeat the organization,” he said.
He said the international coalition had killed about 1,200 people in Tal Afar.
“The Syrian regime made a deal with a da’ash and we hit a convoy of gunmen trying to get close to the Qalamoun convoy,” the commander of the international coalition said.

Barzani congratulates Eid: the people of Kurdistan will achieve independence

 Twilight News    
 one hour ago

“The President of the Kurdistan Region Massoud Barzani on Thursday congratulations Eid al-Adha, which will be tomorrow, stressing that the people of Kurdistan will achieve independence.

Barzani said in a congratulatory statement to the twilight news, “I offer my warmest greetings and congratulations on the occasion of Eid al-Adha to you dear and dear, and I hope that all your days are holidays and miracles.”

He added that “the freedom of the people of Kurdistan and its gains are the fruits of the blood of our eternal martyrs, and I assure you that with the help of God, the blood of the martyrs will not be in vain, and that the people of Kurdistan will achieve independence thanks to their pure blood.”

“In order to prevent the recurrence of the crimes and tragedies that have taken place against our people, we must all participate in the referendum and vote for the independence of Kurdistan,” said the adviser of the Kurdistan Region Security Council, pleased with Barzani.

He added that “the ballot boxes will determine the fate of our homeland, so I call for collective action in order to achieve the hopes that have struggled for the martyrs and the people of Kurdistan since ancient times.”