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Tuesday, June 5, 2018

Tues. AM KTFA News Articles 6-5-18

KTFA

Get1Later » June 5th, 2018


Trading Iraqi Bank Shares......IN DINARS??? H'mmm (What's Going On Here)!!!

Banks Lead The Circulation Of Shares In The Stock Market

Jun 4, 2018

The Iraqi market for securities on the issuance of banks trading shares in the stock market in May last, recording a volume of circulation amounted to 65 billion shares and the value of 66 billion dinars.

The market executive of the market, Taha Ahmed Abdul Salam, said that the Iraqi stock market in May 2018, 21 sessions, focused on the shares of the banking sector being the sector most numerous in terms of listed companies and the number of listed shares.

Abdul Salam said that the number of shares traded affected by the delay of a number of important companies in the submission of indicators of annual disclosure 2017, the number of shares traded 65 billion shares, the value of shares traded 66 billion dinars, while the number of transactions executed 7901 deal trading sale and purchase.

The ISX60 index closed at 608.66 points in the first session of May, closing at 593.78 points at the end of the month, down 2.4 percent from the close of the first session.

He pointed out that the number of shares traded for foreigners bought 2 billion shares worth 10 billion dinars and the number of shares traded for foreigners sold 3 billion shares worth 2 billion dinars.

http://en.economiciraq.com/2018/06/04/banks-lead-the-circulation-of-shares-in-the-stock-market/

Samson » June 5th, 2018

Do internal crises accelerate the steps of forming a government ?


4th June, 2018

The "coalition of victory" led by Prime Minister Haider Abadi, said Monday, June 4, 2018, that the political forces approached the formation of the government .

​"The process of forming a government will not be as difficult and complicated as in previous years, because the country is going through crises and everyone understands the seriousness and seriousness of the country's survival without a government for a longer period," coalition leader Mohammad al-Abed Rabbo said in a press statement

He stressed that "the political blocs approached the formation of the government, and will remain only the final touches that were agreed to announce the largest bloc and the formation of the next government."

This is the political blocs are taking place during the past few days, a political movement among them to reach understandings and the formation of the largest bloc, which in turn will form the next government

The Electoral Commission announced on Saturday, May 19, 2018, the final results of the legislative elections, topped the list of "Saron" with 54 seats, followed by the alliance, "Fatah " with 48 seats, and the coalition, "victory" with 42 seats, followed by the coalition, "State of Law" with 26 seats, and the party " KDP" with 25 seats, while his "national" 21 seats, and a coalition of current "wisdom" on 20 seats, while the Patriotic Union of Kurdistan ( PUK ) won 18 seats LINK

Don961 » June 5th, 2018

Rafidain Bank: retirees can receive their salaries for June from our branches instead of private outlets


BAGHDAD, June 5 (Xinhua) - The information office of the Rafidain Bank announced the distribution of the salaries of the civilian retirees for June.

The bank said in a statement received (Iraq Press), a copy of it, "The salaries of retired citizens of the current June meal has begun to be disbursed through electronic payment tools and retirees can receive their salaries from the branches of the bank in Baghdad and the provinces instead of special outlets, Big meeting for handing over the salaries of retirees. " Ending AH link

Central Bank announces the launch of the National Payments Council

2018-06-04 at 17:39 (Baghdad time)

Announced that the Central Bank of Iraq, Monday, the start of the National Council of payments , which includes membership ( the Central Bank of Iraq, government banks, the Iraqi Association of private banks, electronic payment companies, representatives of the security services, and the Iraqi Stock Exchange and the Media and Communication and Ministry of Finance).

"The governor of the Central Bank of Iraq, Ali Mohsen Ismail, presided over the first meeting of the National Payments Council, which includes its members (the Central Bank of Iraq, government banks, the Association of Iraqi private banks, electronic payment companies and representatives of the security services). The Iraqi Stock Exchange, the Information and Communication Authority and the Ministry of Finance).

"This council is important to build a close relationship between stakeholders with the financial and banking sectors," said Central Bank Governor Ali Mohsen Ismail. "The council has not started until the basic infrastructure for building the technical and legal infrastructure of the payment systems in Iraq is available." "The council will be the guide that evaluates and monitors the payment systems through the participation of visions and proposals by members of the council," Ismail said.

For their part, the members of the Council blessed the "start of its work", expecting "to contribute to support electronic payment projects by drawing up a national strategy for payments and overcoming the obstacles facing the work of the beneficiaries of these systems."

"The meeting hosted a representative from the World Bank in which the National Payments Board is an advanced step, especially as 40% of the central banks in the world have established payment boards in their countries. LINK

Samson » June 5th, 2018

Iraq won the membership of the Governing Council of the United Nations Human Settlements Program


2018-06-05 at 13:04 (Baghdad time)

"Iraq was elected to the Governing Council of the United Nations Human Settlements Program (HABITAT) for the period 2019-2022 for the Asia-Pacific Group," Undersecretary of the Ministry of Construction, Housing, Municipalities and Public Works Estubraq Ibrahim al-Shawk said in a statement received by Mawazine News.

"The election of Iraq to the membership of the Council came as an active member of the program and this will enable Iraq to obtain international support, especially for the reconstruction of liberated areas and affected by the terrorist operations left behind by an advocate in Iraqi cities."

The Undersecretary pointed out that "Iraq has already submitted a number of resolutions in the previous sessions of the Governing Council, which has approved the establishment of a fund to support the reconstruction of cities that are subjected to human-made conflicts or natural disasters, as well as the formation of national committees for human settlements in countries." LINK

Sadr offers three proposals to solve the water crisis in Iraq

2018/6/5 9:01

The leader of the Sadrist movement, Muqtada al - Sadr, three proposals to resolve the water crisis in Iraq. Al-Sadr said in a tweet on his personal account on Twitter that he said: I propose the following to resolve the water crisis:

1 - an invitation by the Ministry of Foreign Affairs or the relevant ministries to the meeting [basin countries] as soon as possible to discuss the water crisis.

2 - Accelerate the meeting of Iraqi ministries competent in this crisis to develop effective solutions to them, to emerge from a permanent committee competent to know the reasons and develop solutions to water security.

3 - Allocation of funds by the Iraqi government to the competent ministries in general and the Ministry of Water Resources, especially to address the water crisis.

Iraq is experiencing a severe drought, especially with a significant drop in the Tigris River as Turkey started filling the Elso dam on the river last Saturday, threatening the loss of a hundred large and the drought of about 7 million acres in Iraq.



Water resources minister in Iraq, Hassan al-Janabi, announced last Sunday that the amount of water storage in Iraq is 17 billion cubic meters and can secure 50 percent of the summer agricultural plan and drinking water.

The Turkish president commented on the crisis and said that the decision to fill the dam "is never irreversible and Iraq must respect our opinion and the interest of our people." Erdogan told us, "We told Iraq 10 years ago, and we told them to store the water. They created dams for your country and your people. The Gulf is useless, but the rulers of Iraq have done nothing and have no ears. " "The Elesu Dam will make southeast Turkey the largest agricultural and tourist areas and generate electricity in Europe and will bring us investors," he said.

For its part, the Iraqi Foreign Ministry confirmed on Monday that Turkey has not informed Iraq of the date of filling the dam and that it has asked Turkey to postpone the filling date of the dam because it will bring us to drought but did not respond, accusing Turkey of trying to separate the river by evading the membership of international committees.

And the dam is located in the vicinity of the Turkish state of Batman near the Iraqi border, and the length of the first to the end of the last 150 kilometers and is considered the largest reservoir in the world at all. The Turkish government says that the reservoirs of water will be like the sea and will not face the mandate of water problem until 2050, In reference to large water quantities that o The dam reserves it for years. LINK

Iran supplies huge freshwater pipeline to Basra

4th June, 2018

Iran's Supreme Leader Ayatollah Ali Khamenei has ordered a massive water pipeline from the Karun River to Basra's water projects to solve the water shortage crisis, the head of Iran's Revolutionary Guards Corps said Monday (June 4, 2018)

He said, "Water will be given, without any compensation, and Iraqis should not be thirsty

Turkey announced earlier that it would start filling the Eliseo dam on June 1, leading to a severe water scarcity in the Tigris River

Over the past few days, the effects of the filling of the Turkish Elissu Dam appear on the Tigris River in the capital Baghdad and the northern city of Mosul, drastically reducing water levels, which has terrified citizens of drought that will hit their areas and agricultural crops LINK

Source: Dinar Recaps

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