IMF recommended non-oil sector development & foreign exchange liberalization

The IMF recommended that Iraq’s non-oil sector development and liberalization of "foreign exchange"

Tuesday, July 23, 2013 22: 05

Twilight news/ IMF praised the Government’s performance in maintaining macroeconomic stability in Iraq, despite security and political challenges faced by and the volatility of oil prices, but the Government recommended that the non-oil private sector development and liberalization of the foreign exchange market to encourage investment.

He said UNFPA representative resident in Oman Ghazi Iraq shubaikat at a press conference held at the Iraqi Business Council in the Jordanian capital Monday evening that the Fund report on the economic situation in Iraq of 2013 stressed the need for Iraq to build protective margins in finance to cope with fluctuations in oil revenues and the further strengthening of the institutional framework.

The report urged the Iraqi Government to accelerate the pace of reforms to develop the non-oil private sector, to assist in job creation and overall growth, according to the radio free Iraq and obtained by "twilight news.

Shubaikat said that the report of the Fund has been positive because of the improved oil production, as production this year rose 3.3 million barrels a day, as well as oil prices somewhat stable.

The report came up with a set of recommendations for action by the Iraqi Government to reform its economy mainly; how to manage the oil wealth and the need for reforms in the financial sector, and adjust the current expenditures and direct expenditures towards priority aspects, and increased investment spending.

The implementation rates for the investment budget for 2013 were less than required, as well as building fiscal surpluses in the Development Fund for Iraq can be used in the event of low oil prices.

According to shubaikat, the report of the International Monetary Fund recommended the liberalization of the foreign exchange market to encourage investment and strengthen laws against money laundering, and reform of the financial and banking sector in Iraq, which remains weak in the course of development in the country, in addition to the need for Iraq to reforms in agriculture wehikilih of State-owned enterprises.

Shubaikat said the main risks facing Iraq and the economy, de promotion are poor implementation of political reforms, the level of the political and security situation and the delays in increasing oil production and falling oil prices globally.

The UNFPA representative underlined the need for Iraq to have the private sector able to production, and direct investment in non-oil sectors, particularly electricity and agriculture where Iraq has a significant competitive advantage, adding that Iraq needs years of work to rebuild his fortune.

The President said the Iraqi Business Council n_ziimez the IMF assessment of the economic situation in Iraq very painless, despite some positive aspects.

He stressed the need to take the private sector role in development and economic growth, through the establishment of investment projects to support the investment budget to lighten the burden borne by.

The report is a summary of the so-called article IV report of the Convention establishing the International Monetary Fund, the Convention sets out obligations on Member States, including appropriate economic policies and is an annual report after gathering data from the States and numerous visits.

IMF recommended non-oil sector development & foreign exchange liberalization

The IMF recommended that Iraq’s non-oil sector development and liberalization of "foreign exchange"

Tuesday, July 23, 2013 22: 05

Twilight news/ IMF praised the Government’s performance in maintaining macroeconomic stability in Iraq, despite security and political challenges faced by and the volatility of oil prices, but the Government recommended that the non-oil private sector development and liberalization of the foreign exchange market to encourage investment.

He said UNFPA representative resident in Oman Ghazi Iraq shubaikat at a press conference held at the Iraqi Business Council in the Jordanian capital Monday evening that the Fund report on the economic situation in Iraq of 2013 stressed the need for Iraq to build protective margins in finance to cope with fluctuations in oil revenues and the further strengthening of the institutional framework.

The report urged the Iraqi Government to accelerate the pace of reforms to develop the non-oil private sector, to assist in job creation and overall growth, according to the radio free Iraq and obtained by "twilight news.

Shubaikat said that the report of the Fund has been positive because of the improved oil production, as production this year rose 3.3 million barrels a day, as well as oil prices somewhat stable.

The report came up with a set of recommendations for action by the Iraqi Government to reform its economy mainly; how to manage the oil wealth and the need for reforms in the financial sector, and adjust the current expenditures and direct expenditures towards priority aspects, and increased investment spending.

The implementation rates for the investment budget for 2013 were less than required, as well as building fiscal surpluses in the Development Fund for Iraq can be used in the event of low oil prices.

According to shubaikat, the report of the International Monetary Fund recommended the liberalization of the foreign exchange market to encourage investment and strengthen laws against money laundering, and reform of the financial and banking sector in Iraq, which remains weak in the course of development in the country, in addition to the need for Iraq to reforms in agriculture wehikilih of State-owned enterprises.

Shubaikat said the main risks facing Iraq and the economy, de promotion are poor implementation of political reforms, the level of the political and security situation and the delays in increasing oil production and falling oil prices globally.

The UNFPA representative underlined the need for Iraq to have the private sector able to production, and direct investment in non-oil sectors, particularly electricity and agriculture where Iraq has a significant competitive advantage, adding that Iraq needs years of work to rebuild his fortune.

The President said the Iraqi Business Council n_ziimez the IMF assessment of the economic situation in Iraq very painless, despite some positive aspects.

He stressed the need to take the private sector role in development and economic growth, through the establishment of investment projects to support the investment budget to lighten the burden borne by.

The report is a summary of the so-called article IV report of the Convention establishing the International Monetary Fund, the Convention sets out obligations on Member States, including appropriate economic policies and is an annual report after gathering data from the States and numerous visits.

IMF recommended non-oil sector development & foreign exchange liberalization

The IMF recommended that Iraq’s non-oil sector development and liberalization of "foreign exchange"

Tuesday, July 23, 2013 22: 05

Twilight news/ IMF praised the Government’s performance in maintaining macroeconomic stability in Iraq, despite security and political challenges faced by and the volatility of oil prices, but the Government recommended that the non-oil private sector development and liberalization of the foreign exchange market to encourage investment.

He said UNFPA representative resident in Oman Ghazi Iraq shubaikat at a press conference held at the Iraqi Business Council in the Jordanian capital Monday evening that the Fund report on the economic situation in Iraq of 2013 stressed the need for Iraq to build protective margins in finance to cope with fluctuations in oil revenues and the further strengthening of the institutional framework.

The report urged the Iraqi Government to accelerate the pace of reforms to develop the non-oil private sector, to assist in job creation and overall growth, according to the radio free Iraq and obtained by "twilight news.

Shubaikat said that the report of the Fund has been positive because of the improved oil production, as production this year rose 3.3 million barrels a day, as well as oil prices somewhat stable.

The report came up with a set of recommendations for action by the Iraqi Government to reform its economy mainly; how to manage the oil wealth and the need for reforms in the financial sector, and adjust the current expenditures and direct expenditures towards priority aspects, and increased investment spending.

The implementation rates for the investment budget for 2013 were less than required, as well as building fiscal surpluses in the Development Fund for Iraq can be used in the event of low oil prices.

According to shubaikat, the report of the International Monetary Fund recommended the liberalization of the foreign exchange market to encourage investment and strengthen laws against money laundering, and reform of the financial and banking sector in Iraq, which remains weak in the course of development in the country, in addition to the need for Iraq to reforms in agriculture wehikilih of State-owned enterprises.

Shubaikat said the main risks facing Iraq and the economy, de promotion are poor implementation of political reforms, the level of the political and security situation and the delays in increasing oil production and falling oil prices globally.

The UNFPA representative underlined the need for Iraq to have the private sector able to production, and direct investment in non-oil sectors, particularly electricity and agriculture where Iraq has a significant competitive advantage, adding that Iraq needs years of work to rebuild his fortune.

The President said the Iraqi Business Council n_ziimez the IMF assessment of the economic situation in Iraq very painless, despite some positive aspects.

He stressed the need to take the private sector role in development and economic growth, through the establishment of investment projects to support the investment budget to lighten the burden borne by.

The report is a summary of the so-called article IV report of the Convention establishing the International Monetary Fund, the Convention sets out obligations on Member States, including appropriate economic policies and is an annual report after gathering data from the States and numerous visits.

IMF recommended non-oil sector development & foreign exchange liberalization

The IMF recommended that Iraq’s non-oil sector development and liberalization of "foreign exchange"

Tuesday, July 23, 2013 22: 05

Twilight news/ IMF praised the Government’s performance in maintaining macroeconomic stability in Iraq, despite security and political challenges faced by and the volatility of oil prices, but the Government recommended that the non-oil private sector development and liberalization of the foreign exchange market to encourage investment.

He said UNFPA representative resident in Oman Ghazi Iraq shubaikat at a press conference held at the Iraqi Business Council in the Jordanian capital Monday evening that the Fund report on the economic situation in Iraq of 2013 stressed the need for Iraq to build protective margins in finance to cope with fluctuations in oil revenues and the further strengthening of the institutional framework.

The report urged the Iraqi Government to accelerate the pace of reforms to develop the non-oil private sector, to assist in job creation and overall growth, according to the radio free Iraq and obtained by "twilight news.

Shubaikat said that the report of the Fund has been positive because of the improved oil production, as production this year rose 3.3 million barrels a day, as well as oil prices somewhat stable.

The report came up with a set of recommendations for action by the Iraqi Government to reform its economy mainly; how to manage the oil wealth and the need for reforms in the financial sector, and adjust the current expenditures and direct expenditures towards priority aspects, and increased investment spending.

The implementation rates for the investment budget for 2013 were less than required, as well as building fiscal surpluses in the Development Fund for Iraq can be used in the event of low oil prices.

According to shubaikat, the report of the International Monetary Fund recommended the liberalization of the foreign exchange market to encourage investment and strengthen laws against money laundering, and reform of the financial and banking sector in Iraq, which remains weak in the course of development in the country, in addition to the need for Iraq to reforms in agriculture wehikilih of State-owned enterprises.

Shubaikat said the main risks facing Iraq and the economy, de promotion are poor implementation of political reforms, the level of the political and security situation and the delays in increasing oil production and falling oil prices globally.

The UNFPA representative underlined the need for Iraq to have the private sector able to production, and direct investment in non-oil sectors, particularly electricity and agriculture where Iraq has a significant competitive advantage, adding that Iraq needs years of work to rebuild his fortune.

The President said the Iraqi Business Council n_ziimez the IMF assessment of the economic situation in Iraq very painless, despite some positive aspects.

He stressed the need to take the private sector role in development and economic growth, through the establishment of investment projects to support the investment budget to lighten the burden borne by.

The report is a summary of the so-called article IV report of the Convention establishing the International Monetary Fund, the Convention sets out obligations on Member States, including appropriate economic policies and is an annual report after gathering data from the States and numerous visits.

IMF recommended non-oil sector development & foreign exchange liberalization

The IMF recommended that Iraq’s non-oil sector development and liberalization of "foreign exchange"

Tuesday, July 23, 2013 22: 05

Twilight news/ IMF praised the Government’s performance in maintaining macroeconomic stability in Iraq, despite security and political challenges faced by and the volatility of oil prices, but the Government recommended that the non-oil private sector development and liberalization of the foreign exchange market to encourage investment.

He said UNFPA representative resident in Oman Ghazi Iraq shubaikat at a press conference held at the Iraqi Business Council in the Jordanian capital Monday evening that the Fund report on the economic situation in Iraq of 2013 stressed the need for Iraq to build protective margins in finance to cope with fluctuations in oil revenues and the further strengthening of the institutional framework.

The report urged the Iraqi Government to accelerate the pace of reforms to develop the non-oil private sector, to assist in job creation and overall growth, according to the radio free Iraq and obtained by "twilight news.

Shubaikat said that the report of the Fund has been positive because of the improved oil production, as production this year rose 3.3 million barrels a day, as well as oil prices somewhat stable.

The report came up with a set of recommendations for action by the Iraqi Government to reform its economy mainly; how to manage the oil wealth and the need for reforms in the financial sector, and adjust the current expenditures and direct expenditures towards priority aspects, and increased investment spending.

The implementation rates for the investment budget for 2013 were less than required, as well as building fiscal surpluses in the Development Fund for Iraq can be used in the event of low oil prices.

According to shubaikat, the report of the International Monetary Fund recommended the liberalization of the foreign exchange market to encourage investment and strengthen laws against money laundering, and reform of the financial and banking sector in Iraq, which remains weak in the course of development in the country, in addition to the need for Iraq to reforms in agriculture wehikilih of State-owned enterprises.

Shubaikat said the main risks facing Iraq and the economy, de promotion are poor implementation of political reforms, the level of the political and security situation and the delays in increasing oil production and falling oil prices globally.

The UNFPA representative underlined the need for Iraq to have the private sector able to production, and direct investment in non-oil sectors, particularly electricity and agriculture where Iraq has a significant competitive advantage, adding that Iraq needs years of work to rebuild his fortune.

The President said the Iraqi Business Council n_ziimez the IMF assessment of the economic situation in Iraq very painless, despite some positive aspects.

He stressed the need to take the private sector role in development and economic growth, through the establishment of investment projects to support the investment budget to lighten the burden borne by.

The report is a summary of the so-called article IV report of the Convention establishing the International Monetary Fund, the Convention sets out obligations on Member States, including appropriate economic policies and is an annual report after gathering data from the States and numerous visits.

IMF recommended non-oil sector development & foreign exchange liberalization

The IMF recommended that Iraq’s non-oil sector development and liberalization of "foreign exchange"

Tuesday, July 23, 2013 22: 05

Twilight news/ IMF praised the Government’s performance in maintaining macroeconomic stability in Iraq, despite security and political challenges faced by and the volatility of oil prices, but the Government recommended that the non-oil private sector development and liberalization of the foreign exchange market to encourage investment.

He said UNFPA representative resident in Oman Ghazi Iraq shubaikat at a press conference held at the Iraqi Business Council in the Jordanian capital Monday evening that the Fund report on the economic situation in Iraq of 2013 stressed the need for Iraq to build protective margins in finance to cope with fluctuations in oil revenues and the further strengthening of the institutional framework.

The report urged the Iraqi Government to accelerate the pace of reforms to develop the non-oil private sector, to assist in job creation and overall growth, according to the radio free Iraq and obtained by "twilight news.

Shubaikat said that the report of the Fund has been positive because of the improved oil production, as production this year rose 3.3 million barrels a day, as well as oil prices somewhat stable.

The report came up with a set of recommendations for action by the Iraqi Government to reform its economy mainly; how to manage the oil wealth and the need for reforms in the financial sector, and adjust the current expenditures and direct expenditures towards priority aspects, and increased investment spending.

The implementation rates for the investment budget for 2013 were less than required, as well as building fiscal surpluses in the Development Fund for Iraq can be used in the event of low oil prices.

According to shubaikat, the report of the International Monetary Fund recommended the liberalization of the foreign exchange market to encourage investment and strengthen laws against money laundering, and reform of the financial and banking sector in Iraq, which remains weak in the course of development in the country, in addition to the need for Iraq to reforms in agriculture wehikilih of State-owned enterprises.

Shubaikat said the main risks facing Iraq and the economy, de promotion are poor implementation of political reforms, the level of the political and security situation and the delays in increasing oil production and falling oil prices globally.

The UNFPA representative underlined the need for Iraq to have the private sector able to production, and direct investment in non-oil sectors, particularly electricity and agriculture where Iraq has a significant competitive advantage, adding that Iraq needs years of work to rebuild his fortune.

The President said the Iraqi Business Council n_ziimez the IMF assessment of the economic situation in Iraq very painless, despite some positive aspects.

He stressed the need to take the private sector role in development and economic growth, through the establishment of investment projects to support the investment budget to lighten the burden borne by.

The report is a summary of the so-called article IV report of the Convention establishing the International Monetary Fund, the Convention sets out obligations on Member States, including appropriate economic policies and is an annual report after gathering data from the States and numerous visits.

IMF recommended non-oil sector development & foreign exchange liberalization

The IMF recommended that Iraq’s non-oil sector development and liberalization of "foreign exchange"

Tuesday, July 23, 2013 22: 05

Twilight news/ IMF praised the Government’s performance in maintaining macroeconomic stability in Iraq, despite security and political challenges faced by and the volatility of oil prices, but the Government recommended that the non-oil private sector development and liberalization of the foreign exchange market to encourage investment.

He said UNFPA representative resident in Oman Ghazi Iraq shubaikat at a press conference held at the Iraqi Business Council in the Jordanian capital Monday evening that the Fund report on the economic situation in Iraq of 2013 stressed the need for Iraq to build protective margins in finance to cope with fluctuations in oil revenues and the further strengthening of the institutional framework.

The report urged the Iraqi Government to accelerate the pace of reforms to develop the non-oil private sector, to assist in job creation and overall growth, according to the radio free Iraq and obtained by "twilight news.

Shubaikat said that the report of the Fund has been positive because of the improved oil production, as production this year rose 3.3 million barrels a day, as well as oil prices somewhat stable.

The report came up with a set of recommendations for action by the Iraqi Government to reform its economy mainly; how to manage the oil wealth and the need for reforms in the financial sector, and adjust the current expenditures and direct expenditures towards priority aspects, and increased investment spending.

The implementation rates for the investment budget for 2013 were less than required, as well as building fiscal surpluses in the Development Fund for Iraq can be used in the event of low oil prices.

According to shubaikat, the report of the International Monetary Fund recommended the liberalization of the foreign exchange market to encourage investment and strengthen laws against money laundering, and reform of the financial and banking sector in Iraq, which remains weak in the course of development in the country, in addition to the need for Iraq to reforms in agriculture wehikilih of State-owned enterprises.

Shubaikat said the main risks facing Iraq and the economy, de promotion are poor implementation of political reforms, the level of the political and security situation and the delays in increasing oil production and falling oil prices globally.

The UNFPA representative underlined the need for Iraq to have the private sector able to production, and direct investment in non-oil sectors, particularly electricity and agriculture where Iraq has a significant competitive advantage, adding that Iraq needs years of work to rebuild his fortune.

The President said the Iraqi Business Council n_ziimez the IMF assessment of the economic situation in Iraq very painless, despite some positive aspects.

He stressed the need to take the private sector role in development and economic growth, through the establishment of investment projects to support the investment budget to lighten the burden borne by.

The report is a summary of the so-called article IV report of the Convention establishing the International Monetary Fund, the Convention sets out obligations on Member States, including appropriate economic policies and is an annual report after gathering data from the States and numerous visits.

Nation Building : Empowering Women in Business and Employment

By*Madeleine White, educationalist, writer and Head of Strategic Partnerships,*Whizz Education.
Apologies for not writing my usual monthly update. I do have a good reason though, I was involved with an inspiring conference at the end of July in London and have been working to respond to the passion, ideas and concepts shared ever since.
The members of the Deauville Partnership with Arab Countries in Transition (DP) met with business women from the Arab World, G8 and other nations on 25-26 June 2013 to strengthen opportunities for women in employment and trade following the calls of women during the uprisings of 2011-13.
The topic was Women’s role in Arab Countries, the issue was how to create the environment and support the need of business women in the Middle East to thrive, and thus contribute to the economies of ‘countries in transition’.
Figures released by the World Bank Group show that closing the gap between male and female employment rates would have huge implications for the global economy, boosting American gross domestic product (GDP) by as much as 9 percent, Eurozone GDP by 13 percent and Japanese GDP by 16 percent. Globally, women represent 49.6 percent of the total population, but only 40.8 percent of the total workforce in the formal sector. In the Middle East OECD figures are much starker. Only 27% of women join the labour force compared with 78% of men. In a region already deemed as sluggish in terms of entrepreneurial activity, again women lag considerably behind men,11% compared to 22%.
In Iraq the picture is even starker. A summary provided by the UN states that:
“ armed conflicts have led to deterioration in the lives of women in Iraq and an associated loss to the country since women are marginalized and unable to contribute economically, socially, and politically. Iraqi women today suffer from a lack of educational opportunities, a lack of health care and limited access to the labour market as well as high levels of violence and inequality. These conditions are often exacerbated by misconceptions of traditions, cultural and social values, false perceptions, and a lack of awareness of women’s rights and potential, as well as institutional and legal barriers.”
Iraq was represented within an extraordinary line up of delegates from across the MENA region and the G8. The voices that spoke were strong and clear, from Charifa Beja an agricultural worker who demanded the right for fairer working practises to Tunisia’s Minister Badi, who reminded us that women in the MENA region needed a yes from everyone, powering support and inclusion across the world and thus giving them the drive and support to reach their potential.
Ordinary businesswomen and delegates, as well as Ministers of State from the UK and across the region, economists from World Bank and the OECD made it absolutely clear that there was specific data and research available, able to demonstrate that the economic and social empowerment of women is fundamental to the economic development of the MENA region. It was also clear that there was a need and a hunger for immediate action.
So what is this action, and what are the implications for Iraq and indeed Kurdistan in terms of capacity building around gender equity?
It is clear that Women have equal potential to men in terms of potential contribution to the economy yet face disproportionate challenges in many areas. However, this is a blog focussed on building education and skills within a human capacity pipeline, so let’s start there…
Education and training were highlighted as a driving factor for creating an empowered female population, able to contribute to nation building. Indeed, the level of female education has been shown to have an impact on economic growth, both positive and negative, according to a recent Goldman Sachs study. Their finding show that effects of gender inequality in education may have reduced potential annual per capita income growth by 0.5 ppt to 0.9 ppt in much of South Asia, Sub-Saharan Africa, the Middle East and North Africa.
With these hard financial facts in mind in mind, one should consider the major school building programme, state-owned but also private sector driven, coming online in Iraq and Kurdistan over the next year. The concept of gender equity in terms of access, security, curriculum and finally the pipeline to employability should be considered in this light.
As the IFC points out: Financing girls’ education may well be the world’s highest return investment, it is also a business opportunity.

Some interesting links to funding, ideas and opportunities:

  1. Kiva Microfinance launch – How to create opportunity for women business owners in Iraq
  2. Wafa’s story. Wafa is a graduate of International charity Women for Women international, showing how investing in Iraqi women can change lives.
  3. e4e a joint IFC and Islamic Bank initiative, launched in 2011 over five years, with the aim of bridging the gap between existing knowledge and skills with those needed for employment. There is specific emphasis on dealing with the world’s highest female youth unemployment. Ideas and suggestions are welcomed.
  4. And finally, following the conference, a £4 million Arab Women in Business Challenge Fund has been announced that ‘’ will improve the competitiveness of women entrepreneurs in the Arab world, helping them to take advantage of new opportunities and markets. This will also provide their UK and G8 equivalents with potential new contacts, networks, suppliers and markets. You can contribute and participate at the newly formed Arab Business Women’s Forum and the linked education, skills and training sub group.

Source: Iraq-BusinessNews.com.

Post your commentary below.

Cabinet decides to disable the official working hours on Thursday and Thursday the next

Cabinet decides to disable the official working hours on Thursday and Thursday the next

Iraqi Council of Ministers meeting (archive)

Author:
Editor: AHS, RS 07.23.2013 15:16

Range Press / Baghdad
Iraqi Cabinet announced on Tuesday, he decided to "disable the official working hours" in government institutions for a Day "next Thursday and the next Thursday," and it is excluded from the decision and ministries of "health and electricity."


He said a brief statement carried by satellite Iraqi semi-official, today, that "the Council of Ministers decided in its regular XXXI disable official working in government institutions for the day Thursday, 25 July present, and on Thursday, the first of the month of August next," and that "excluded from the decision- the ministries of health and electricity. "


The Council of Ministers decided, on Wednesday (17 July 2013), disable the official working in official circles for Thursday (18 July 2013).


It also announced that the province of Dhi Qar, Wednesday (17 July 2013), disable the official working in official circles for Thursday (18 July 2013), the reason attributed to the rise in temperatures, which reached more than 50 degrees Celsius.


The Iraqi cabinet was announced, (7 July 2013), the reduction of working hours in all ministries for an hour during the month of Ramadan, indicating that the reduction also includes non-related ministry.


The Ministry of the Interior issued annually instructions regarding the month of Ramadan, which prevent breakfast overt strictly prohibited, and the closure of stores that sell alcoholic beverages, restaurants and cafes, and prevent the creation of artistic activities that are not consistent with the sanctity of the month.


Referred to as the month of Ramadan is the ninth month of the Islamic year in which Muslims hold from food and drink from dawn until sunset, and the month of Ramadan, like other months of the Islamic year, which lasts 29 or 30 days

http://www.almadapress.com/ar/news/1…84%D8%B1%D8%B3

Haitham al-Jubouri: former finance minister was involved nine corrupted files

Haitham al-Jubouri: former finance minister was involved nine corrupted files

07/23/2013


BAGHDAD / JD / .. revealed the Finance Committee in the House of Representatives about the involvement of former Finance Minister Rafie al-Issawi nine corrupted files in the ministry.

Committee member said Haitham al-Jubouri told the reporter / JD / that former Finance Minister Rafie al-Issawi involved nine corrupted files in the ministry.

He explained: of the most prominent files involving al-Issawi, buy 177) Camcorder of the company (Kamscan), the (22) including Genuine only, and the rest are fakes amount of more than 5 billion Iraqis, in addition to the existence of reports from the Iraqi banks contains files many senior officers and branch managers and managers Aamyin, and purchase (48) electric generator where teams (5) billion dinars ($ 209 million).

He added: As there are files, embezzlement in the Rafidain Bank branch Abu Dhabi, worth 53 million dollars was the loss of money between those involved in this file, and the amounts deposited by the Ministry of Defence (14) billion and (25) and the decision does not distribute nor given to Thuraya contracting with the Department of Defense, but this gave financial full amount of the company since (2005), in which Fouad (9) billion Iraqi dinars.

Jubouri also revealed the presence of (4) personal files of the top names in the Ministry of Finance, noting that one of the files do one of the officials with dancing (4) prostitutes.

And he asked the Presidency to interrogate al-Issawi, noting that his resignation from the ministry and the issuance of a warrant of arrest had prevented it. / End / / 23

http://translate.google.com/translat…hp%3FID%3D3628