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Oil agreement and the Central Initiative and the cement industry and the high circulation rates
29/12/2016 0:00
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BAGHDAD / morning
staked a lot on the difficulty for achievements in the economic field in Iraq because ofwhat experienced exceptional circumstances and financial distress, but perceptions havenot come misplaced while oil - producing state agreed to "cartel" and beyond to determine the output is yielded an increase in oil prices in the markets, as cement sector has proved its effectiveness in the public and private sectors and its ability to prove theexistence cover the domestic demand of this article task.
The most prominent current events of the year the economic is to allocate the CBI 6.5 trillion dinars for lending to small and medium enterprises through specialized banks represents an important economic development in this time, as the organization Forum came compliance and anti - money laundering and terrorist financing , to confirm that the banking continuous development of the sector, also included events the arrival of the volume of trading in the Iraqi stock Exchange to share trillion, up 67 percent from last year, down to reduce the budget deficit through domestic borrowing, and the organization of the Baghdad international Fair edition 43.
Creating integration
Vice President Baghdad Economic Forum on behalf of Jamil said that talking about the achievements leads us to stand at two things : have a big positive resonance on the economy and are scalable oil production globally and to achieve the country 's self - sufficiency in cement industry agreement, and the high volume of trading in the stock market is important We aspire to rise in the future.
Beautiful and focused on the importance of the stand at the industrial achievement, which must be accompanied to know how they were attainable and Iraq live in this exceptional circumstance, where we have seen a significant cooperation between the government and producers from the public and private sectors who have created integrated to achieve this feat through the implementation of their respective tasks to the fullest .
Icon success
he said in an interview for the "morning" that Iraq is in dire need of such accomplishments achieved significant economic feasibility of the country, calling on the importance of expanding the experiment to the joints of the new production supports the Iraqi market various products to be a real beginning of a phase of comprehensive development, noting that this success has connotations indicate the existence of potential check as soon as the economic renaissance genuine will be available.
Jamil called on all trade unions to take advantage of the experience of the cement association and movements came to fruition and the abundance of national protection for the product in light of a number of significant challenges.
Oil
after marathon discussions and meetings witnessed by the member states of the Organization of Petroleum Exporting Countries (OPEC) with countries from outside, which has yielded positive results, can be described as historic agreement that may bring additional financial gains to Iraq to support the economy.
And reflect the importance of the agreement between OPEC and producing countries outside the positive situation on the world oil market for producers, as Staidan market stability, and here the experts urge the Iraqi government to benefit from the recovery in the markets after the conventions , and reduce the fiscal deficit year to balance the 2017
rise in oil prices leads to exit Iraq Department financial distress, and moving to a better stage, and should be moving Iraq in the coming period for planning to build manufacturing industries invest crude oil and its transformation into different products needed by the local market and global markets and raise the value of crude oil to the highest achieved levels of degrees of economic viability of the country. "
cement industry
chairman Iraqi cement manufacturers Association Nasser Al Madani said: " the achievement of this matter, which is an achievement, came in direct cooperation with the Council of Ministers who praised the cement industry 's efforts in more than one occasion, where he presented producers of cement in the public and private sector pledges to cover domestic demand for cement material qualitative and natural to prices even lower than prices in many cases , to special categories and enable producers to meet these commitments and thus the industry has achieved a major breakthrough for the national economy and has provided billions of dollars to the state treasury was allocated to import them from abroad.
The liberated areas
and pointed out that the cement association developed the processing plan for the next two years after he studied the needs of the country of this article, and took into consideration the need of the liberated areas , which will be equipped Balsment less than that displays in the market to support the people of these areas and the need for increasing there prices.
Civil appealed to the Council of Ministers and the Kurdistan Regional Government and stakeholders need to work to stop the entry of cement illegally from the province of Sulaymaniyah outlets which carries a negative impact on the local product, especially that a large proportion of the Iraqi cement production takes place in the province of Sulaymaniyah coefficient.
To benefit the
competent industrial affairs Sadiq carp pointed out that the construction of the national economy requires activation of production, this is the true path of sustainable development, Iraq has the potential to achieve this advancement in all its forms, come the cement industry experience to prove the country 's ability to promote the production after a concerted public and private sectors They arrived formats cooperation achieved benefit the national economy.
He urged to pay attention to these achievements , which began firming global oil production and rising Iraqi production of cement and the high volume of shares traded down to reduce the budget deficit through domestic borrowing.
Financial pressure
despite the large size of weightlifting , which exceeded perceptions on the economy of Iraq for nearly three and a half decades , financial pressure on him and who took the forms and dimensions did not resist any economy in the world because of the policies is the court, find today 's financial sector higher Iraqi present at among the best regional banks and subject to evolution after same time and challenges of large dust surpassing impossible to accomplish and achieving acceptable by the presence of three Iraqi banks among the top Arab banks.
Lying compliance
and came forum compliance and anti - money laundering and terrorism financing to move towards a banking sector strong and active adopts international regulations and undermines the financial crimes through anti - money laundering and terrorist financing through the adoption of international standards adopted by leading global banks are procedures and the reality of the banking business in Iraq after the adoption of mechanisms to address these
crimes.
Trillion shares
came the completion of an annual New where he announced Iraq Stock Exchange traded during 2016 trillion shares , Iraqi joint - stock companies in which the increase of rate of 67 percent from last year , 2015 , ".
Wan trillion shares - according to stock exchange - amounted financial worth 522 billion dinars during the 2016, indicating that the market index closed at 649 points.
he concluded Iraq Stock Exchange activity the middle of this week, the last trading him for the 2016 session , "noting that" during this year 's trading session 234 systems. "
The value of shares traded 522 billion dinars and an increase of 5 percent compared to last year, and the Iraq Stock Exchange index closed at 649 points.
Budget revenues
In a statement to a member of the parliamentary finance committee, Magda Tamimi , showed that the total budget revenues for the last 11 months amounted to 54 trillion dinars.
She said Tamimi on its front page on the social networking site, that " the total operating current budget, for the year 2016 amounted to 47 Trliuna and 865 billion dinars , up to the end of November, while the total investment budget of 12 Trliuna and 852 billion dinars and the total oil revenues amounted to 38 Trliuna and 421 billion dinars ".
He showed that. "Total non - oil revenues , including support for the budget deficit Trliuna 16 and 301 billion dinars, meaning that the total oil and non - oil revenues amounted to 54 Trliuna and 723 billion dinars . "
Treasury transfers
concluded Auction of treasury transfers Private Finance Ministry , which organized and supervised by the Central Bank, during the year 2016 , which contributed to reducing the nearly 3 trillion dinars from the current year 's budget deficit.
And held at the atheist and the twentieth of December last another annual auctions of treasury transfers of the order of 364 days, within the Ministry of Finance plan to borrow the internal treasury vouchers through auctions supervised by the
Central Bank.
According to a statement of the Central Bank to auction approved the sale of remittances treasury, at $ 135 billion and 500 million dinars , out of 400 billion dinars and the highest price cut of competitive auctions (5 percent) and the average 4.81 percent yield, the three banks won contracts provided.
The Ministry of Finance plan has included the establishment of an auction of 11 during the year 2016 for the sale of such remittances total amounts Asdarih sold amounted to beneficiaries about 3 trillion dinars , which contributed to reducing the budget deficit through domestic borrowing from the treasury transfers bonds.
Baghdad gallery
Perhaps one of the most prominent economic events in the year 2016 is the start of big economic demonstration of effectively targeted the Baghdad International Fair forty - third edition , which lasted ten days and was held under the slogan (43rd session of the Baghdad International Fair Forum economy, investment and the challenge of terrorism) with the participation of 12 countries and 400 local company
and foreign.[/rtl]
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