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* Fruitful meeting between the central bank and banks Aalkhash result in the formation of a specialist technical team to address the problems and constraints of work
* Fruitful meeting between the central bank and banks Aalkhash result in the formation of a specialist technical team to address the problems and constraints of work
* Central Bank: Snkadhi one members of the House of Representatives for insulting us
* Bankers and experts condemn the intervention of security forces to the work of private banks and refuse guardianship!!
* (Hussain Salman Al Shammari) Managing Director of the Bank of guidance to the work of private banks proved Bldleil the cutter effective contribution to the national economy and development
Zuhair al-Fatlawi
In a strange incident elements of the forces (SWAT) raided some private banks to charge its integrity under the pretext of court
The existence of violations of financial in those banks and held the Association of private banks in Iraq, held an emergency meeting with the directors of the Board of Directors of banks and issued a statement condemning the these measures, describing it as a breach of the law and a dangerous precedent knock the wedge in the coffin of the Iraqi economy without taking into account the economic importance of these banks, which stands at a crossroads now because These illegal actions. Said Abdul Aziz Hassoun Executive Director of the Association of private banks in Iraq that these measures are illegal and was to issue a statement denouncing such acts which will cause obstruction acts banks, especially in the investment, construction and its negative effects on the development and reputation of Iraq and the economy in which he noted that many of the traders and businessmen and citizens have pulled their money out of some of the banks for fear of worsening the crisis with the banks. And that there are legally in the Central Bank of Iraq is being punished and evaluate and inspect those banks and watching her work and then suing and punishable by court financial competent and have extensive experience in this field which is different from the Criminal Court may not be charged to those banks without reference to the central bank, and this is a major breach of the judiciary and for those who carried out this task
He revealed goldfinch that signs of this crisis began to spread rapidly as it has been stopped dozens of investment projects as well as confuse the economic situation in the country and there is an international communications surprised by these arbitrary actions that will harm the reality of the Iraqi economy in various fields and students to reconsider these procedures, especially as there are 42 banks operating in the Baghdad, where they were called (27) banks so far as he Shirvan Anwar Mustafa chairman of the Foreign Relations Committee of the Association of private banks in Iraq: we were surprised by the news of calling the 27 banks by the judiciary and attribute this to the financial irregularities and there are controls in the Central Bank and if you find these irregularities and violations they referred to a special court knowledge of the central bank and there are special measures in the Central Bank are working on and through the use of experts in banking, said the managing director of a body of the legal entity of the Bank shall not be dealt with through actions illegal and revealed to hold a meeting with the Governor of the Central Bank and the agreement to overcome These constraints team was formed technician representing the Association of private banks in Iraq and said there were complaints received from some members of parliament and other parties stating the existence of irregularities and breaches of financial But who assesses these measures, especially as the banks are the intermediaries between the central bank and the customer, and if irregularities have occurred on the customer the responsibility of the central bank and must define responsibility between the parties, and there are special instructions in this aspect issued by the central bank and appealed to the President of the Association and experts in economics and finance Prime Minister Nuri al-Maliki, the need to keep the judicial authorities for these measures and the authorization of the Central Bank of auditing and accounting operations
The central bank governor said Dr. Abdul Basit Turki aware new: that the central bank demands to expel الطارئين and parasites from the bank is continuously audit all banking transactions with banks all and if there is a breach we have the measures taken by the bank against offenders and to provide the violator to eliminate either what I did the Court of integrity is override the laws and powers of the Bank for being primarily responsible for government and private banks, one of the offers communications on banks in violation of regulations, rules and laws did not solve the central bank of these banks that have been arrested directors to the competent courts it is a unilateral action of the Court of integrity without the knowledge of the central bank and this is a shake of the Iraqi economy Turkish and demanded of the Prime Minister and the Supreme Judicial Council and the MPs of this sensitive issue and that they are not repeated in the future, especially that the measures came in general بعديد from banks, which have a long tradition of expertise and competence and professionalism.
He says economic expert Zia Alckheon: that there is a lack of respect by the security forces for bankers in these banks process their arrest came a step unprecedented .. These banks have correspondence and links banking abroad representing interface country through the conversion process, investment and especially that these banks began to support the private sector through small and medium-sized enterprises, it is not logical to keep ruled Zarzis director of the Bank of the Middle East trapped charges is by far cry He holds a global certificates and that these measures adopted by the security forces rests with the central bank, which is being punished these banks.
While stressing the Central Bank of Iraq, said he would sue one of the members of the House of Representatives for insulting the bank, reiterated his claim politicians or wishing wading in such subjects standing on the health issues that they have, especially since some are real and illogical.
The bank said in a press statement, said that "one of the members of the House of Representatives said in a television interview that the central bank has deposited in three Arab banks billion dollars interest rate of 3%," noting that "this MP is the beginning of what is going on, where the mechanism is accredited to the Bank is a deposit with the central banks only in countries that have its credit rating more than good, and is performed by a decision of the Board of Directors of the Bank. "
The bank said that "these conversations misleading used to meet the Bank's policy Avenue in uprooting the corrupt and parasites, and his defense of the men bankers serious and actors in building the economy of Iraq," noting that "confuse the information public and shuffling papers in front of him does not constitute an abuse of the central bank and the banking system only, but also to the system of national effort to build the institutions and support the economy and weakens confidence in any decisions and mechanisms can be pursued by the state. "
The bank that he "reserves the right to legal establishment of a lawsuit over what was stated in the interview, which made this MP from abuse and misleading to the Bank's work," reiterated its call "for politicians or wishing to go into such topics, stand on the health issues that they have, especially since some are not real and illogical for a specialist priori. "
The bank said that "access to these topics by the bank will not lose these credibility if their destination reform."
The CBI confirmed, on 19 May 2013, that the statements unauthorized confused the market and led to losses for businessmen and investors, resulting in losses for investors and businessmen, noting that there was no justification for such statements in economic terms.
And established the Iraqi Central Bank as a bank independent under its law issued on the sixth of March of the year 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and being sessions a day for the sale and purchase of foreign currencies with the exception of public holidays which Bank stops auction.
A banking source revealed early exposure of some private banks for "extortion" of "influential parties" in order to obtain the profits like "royalty." The source, who declined to be identified that those actors powerful "lobbying very severe against those banks. Pointing out that" these pressures began to escalate with the failure of campaigns tendentious that you want to undermine the government guidelines, especially programs premier anti-terrorism, corruption and build an economy strong. , and the source said there are points deduced working with the political process and build a new Iraq have consequences for all the sons of one homeland and to maintain the security and economic stability, in light of the variables that get in the Arab world
The banking source said that he tried to liquidate his bank in Iraq and maintain capital funds that invested with his partners in the banking business, but he failed to "keep up with the greed of influential people in the country." "I've Jerni between two choices, either to accept delivery of the required quota, or be my case as a case Warka Bank," he said. And private banks are exposed to fierce campaign under the pretext of the existence of breaches and financial differences.
In those banks, as well as being accused of not maintaining the exchange rate. While denies the Association of private banks in Iraq that الاتهمات says Abdul Aziz Hassoun, executive director of the association that these banks operate professionally and is a supporter of the Iraqi economy, especially that here as transactions and correspondence international with these banks have funded dozens of investment projects and development as well as housing and seeks to work Petknlogia high and away from operations Peru administrative Qratih, has exceeded its fame and reputation of the various relevant international circles to invest the money and the economy in various directions. About the need to support small projects and capacity development in the field of human resources
The economist suggests Badr Gillan to the important role of the private banking sector in the establishment of micro-finance
Small enterprises play an important role in achieving economic and social development in various countries, where a large proportion of industrial and agricultural projects and services, and thus contribute to the absorption of a large number of manpower and reduce unemployment. Also play an important role in increasing the technical skills of their employees, especially that investors in these industries متجذرون in the economic and financial environment and local social spreading in various areas of cultural, regional and contribute to the creation of thousands of jobs that contribute to the graduation of professionals and artisans new in many fields.
Researcher Gillan confirms the need for an agreed definition of small projects, there is a study gave us more than fifty definition of these projects were conducted in 75 countries. It has adopted a criterion for the number sales or number of employees or standard capital and the degree of specialization and technological level and so on, but the International Monetary Fund put a criterion based on the labor used in the project in order to determine its size, considering that this criterion is simple and easy when comparing projects different
He says Abdul Hussein al-Yasiri member of the Economic Commission parliamentary shouting there need to activate the decisions of workshops and conferences held previously to upgrade (the banking sector), especially as they gathered specialists from the managers of government banks and a number of managers of private banks and a group of specialists in the field of banking as well as on the participation of the Iraqi Central Bank.
The aim of this workshop to find the appropriate legislative environment for the banking business and the reform of the legal framework for this vital sector for its importance in the economic development of the country.
The MP said Yassiri that the importance of the role of banks in supporting the Iraqi economy being the party that you activate the economic and commercial activities and developments in the work of banks after the fall of the former regime in the field of infrastructure, trade and use of electronic means in their work.
As demanded by the Economic Commission MP Najiba Najib to pass laws and legislation facilitate the work of Iraqi private banks and support the private sector and take advantage of central bank reserves of the national currency in the implementation of strategic projects and dynamic stressing that political and security situation in the country has affected one way or another on the banking business in Iraq
The MP expressed hope that the recommendations of the Commission graduated supportive of the banking sector, especially in the area of legislation is working on the development of banks in Iraq to keep pace with developments on the international banks
He sees the economic and financial (Hussain Salman Al Shammari) Managing Director of the Bank of guidance that the work of these banks proved Bldleil the the cutter effective contribution in supporting the national economy, especially with regard to investment and project financing various Alatnjahat,
And the price Shammari role of His Excellency the Governor Central Bank (Dr. Abdul Basit Turki) and wisdom administrative and economic contain the crisis and deal with them with the utmost professionalism and expertise accumulated where contact with all parties and resolve obstacles that obtained with Alqzae and overcome obstacles in coordination with the Association of private banks in Iraq and the central bank issued a statement Detailed between the media and public Alri all the circumstances of the case and ways to solve them with the participation of stakeholders and experts and technicians from economies المعنين these sensitive issues
He hinted Shammari that private banks have several functions, including its leading role in supporting the economy and development to find job opportunities for researchers from both sexes to provide liquidity to many Almsttmaren, businessmen and money as well as supporting small and Tnmbh and human resource development young.
Al-Shammari said the managing director of the Bank of the guidance that the bank several feet of research and special economic studies that contribute to the growth and development of the banking business
An expert media economic Ammar Menem number of proposals to support and develop the industrial sector and Iraqi Commercial, said: given the economic policy of Iraq in recent years, a priority for trade liberalization at the expense of polarization of industrial and agricultural, introduced this national industry to compete with unequal did not succeed in enticing investors manufacture their products in Iraq world-class but imported from abroad, so it has to be re-engineered the investment environment by adjusting the investment laws and private Alaftaa support in various fields.
He stressed that since the long-term we are talking about loans benefits are low, as it must be granted industrial installations perpetual, and the establishment of industrial zones for small and medium industries in the industrial clusters بكلف reasonable, and allow its expansion, and to reconsider the terms of industrial licensing and administrative support to it is tough application of industrial plants outside the cities Industrial and within the organizational chart of the city or beyond. And the need to give large advances and financial grants to the industrial sector and mixed for re-development and support again
The expert said Menem that the abolition of tariffs on materials used in the food industry, especially at this stage of the country, and raising tariffs on imports of other industry and private industry electrical appliances in order to protect an industry that operates the largest number of employment and support marketed externally, the industry Iraqi National Baktaiha public and private sectors, and must work to deliver natural gas to the industrial cities to be replaced replaced the old Alaszawanat especially that Iraq daily burn large amounts of gas.
And finds Menem need to establish special funds to industrial development state-run and funded by public and private banks, and must strive to create incubators in the industrial cities to secure the requirements of industrial action and development, in addition to creating partnerships with developed countries, for example, to encourage investment in the field of IT and localization of the software industry, and must activate the role of banks Industrial and reduce the benefits of borrowing industrialists, farmers and rescheduling of their debts, especially owners of small and medium industrial.
He suggested Menem development of many art centers and Intellectuality with experience to take the reform process, such as the Iraqi center of economic reform and Almússat civilian working in the field of economy and investment, promotion and support of the Investment Authority, and demanded an expert media economic Ammar Menem Ali Almússat Althariabh that the tasks and contribute to the legislation of all laws supporting of the economy, investment and private project payment Baalogel inactivated by Parliament and the rest of the other projects, and support the private banking sector said that no less important for industry and agriculture is considered the backbone of the economy and contribute significantly to the advancement of peoples and required from all sides in the country and the government supported and developed to suit the size of investment and construction that the country needs at present
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* Fruitful meeting between the central bank and banks Aalkhash result in the formation of a specialist technical team to address the problems and constraints of work
* Central Bank: Snkadhi one members of the House of Representatives for insulting us
* Bankers and experts condemn the intervention of security forces to the work of private banks and refuse guardianship!!
* (Hussain Salman Al Shammari) Managing Director of the Bank of guidance to the work of private banks proved Bldleil the cutter effective contribution to the national economy and development
Zuhair al-Fatlawi
In a strange incident elements of the forces (SWAT) raided some private banks to charge its integrity under the pretext of court
The existence of violations of financial in those banks and held the Association of private banks in Iraq, held an emergency meeting with the directors of the Board of Directors of banks and issued a statement condemning the these measures, describing it as a breach of the law and a dangerous precedent knock the wedge in the coffin of the Iraqi economy without taking into account the economic importance of these banks, which stands at a crossroads now because These illegal actions. Said Abdul Aziz Hassoun Executive Director of the Association of private banks in Iraq that these measures are illegal and was to issue a statement denouncing such acts which will cause obstruction acts banks, especially in the investment, construction and its negative effects on the development and reputation of Iraq and the economy in which he noted that many of the traders and businessmen and citizens have pulled their money out of some of the banks for fear of worsening the crisis with the banks. And that there are legally in the Central Bank of Iraq is being punished and evaluate and inspect those banks and watching her work and then suing and punishable by court financial competent and have extensive experience in this field which is different from the Criminal Court may not be charged to those banks without reference to the central bank, and this is a major breach of the judiciary and for those who carried out this task
He revealed goldfinch that signs of this crisis began to spread rapidly as it has been stopped dozens of investment projects as well as confuse the economic situation in the country and there is an international communications surprised by these arbitrary actions that will harm the reality of the Iraqi economy in various fields and students to reconsider these procedures, especially as there are 42 banks operating in the Baghdad, where they were called (27) banks so far as he Shirvan Anwar Mustafa chairman of the Foreign Relations Committee of the Association of private banks in Iraq: we were surprised by the news of calling the 27 banks by the judiciary and attribute this to the financial irregularities and there are controls in the Central Bank and if you find these irregularities and violations they referred to a special court knowledge of the central bank and there are special measures in the Central Bank are working on and through the use of experts in banking, said the managing director of a body of the legal entity of the Bank shall not be dealt with through actions illegal and revealed to hold a meeting with the Governor of the Central Bank and the agreement to overcome These constraints team was formed technician representing the Association of private banks in Iraq and said there were complaints received from some members of parliament and other parties stating the existence of irregularities and breaches of financial But who assesses these measures, especially as the banks are the intermediaries between the central bank and the customer, and if irregularities have occurred on the customer the responsibility of the central bank and must define responsibility between the parties, and there are special instructions in this aspect issued by the central bank and appealed to the President of the Association and experts in economics and finance Prime Minister Nuri al-Maliki, the need to keep the judicial authorities for these measures and the authorization of the Central Bank of auditing and accounting operations
The central bank governor said Dr. Abdul Basit Turki aware new: that the central bank demands to expel الطارئين and parasites from the bank is continuously audit all banking transactions with banks all and if there is a breach we have the measures taken by the bank against offenders and to provide the violator to eliminate either what I did the Court of integrity is override the laws and powers of the Bank for being primarily responsible for government and private banks, one of the offers communications on banks in violation of regulations, rules and laws did not solve the central bank of these banks that have been arrested directors to the competent courts it is a unilateral action of the Court of integrity without the knowledge of the central bank and this is a shake of the Iraqi economy Turkish and demanded of the Prime Minister and the Supreme Judicial Council and the MPs of this sensitive issue and that they are not repeated in the future, especially that the measures came in general بعديد from banks, which have a long tradition of expertise and competence and professionalism.
He says economic expert Zia Alckheon: that there is a lack of respect by the security forces for bankers in these banks process their arrest came a step unprecedented .. These banks have correspondence and links banking abroad representing interface country through the conversion process, investment and especially that these banks began to support the private sector through small and medium-sized enterprises, it is not logical to keep ruled Zarzis director of the Bank of the Middle East trapped charges is by far cry He holds a global certificates and that these measures adopted by the security forces rests with the central bank, which is being punished these banks.
While stressing the Central Bank of Iraq, said he would sue one of the members of the House of Representatives for insulting the bank, reiterated his claim politicians or wishing wading in such subjects standing on the health issues that they have, especially since some are real and illogical.
The bank said in a press statement, said that "one of the members of the House of Representatives said in a television interview that the central bank has deposited in three Arab banks billion dollars interest rate of 3%," noting that "this MP is the beginning of what is going on, where the mechanism is accredited to the Bank is a deposit with the central banks only in countries that have its credit rating more than good, and is performed by a decision of the Board of Directors of the Bank. "
The bank said that "these conversations misleading used to meet the Bank's policy Avenue in uprooting the corrupt and parasites, and his defense of the men bankers serious and actors in building the economy of Iraq," noting that "confuse the information public and shuffling papers in front of him does not constitute an abuse of the central bank and the banking system only, but also to the system of national effort to build the institutions and support the economy and weakens confidence in any decisions and mechanisms can be pursued by the state. "
The bank that he "reserves the right to legal establishment of a lawsuit over what was stated in the interview, which made this MP from abuse and misleading to the Bank's work," reiterated its call "for politicians or wishing to go into such topics, stand on the health issues that they have, especially since some are not real and illogical for a specialist priori. "
The bank said that "access to these topics by the bank will not lose these credibility if their destination reform."
The CBI confirmed, on 19 May 2013, that the statements unauthorized confused the market and led to losses for businessmen and investors, resulting in losses for investors and businessmen, noting that there was no justification for such statements in economic terms.
And established the Iraqi Central Bank as a bank independent under its law issued on the sixth of March of the year 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and being sessions a day for the sale and purchase of foreign currencies with the exception of public holidays which Bank stops auction.
A banking source revealed early exposure of some private banks for "extortion" of "influential parties" in order to obtain the profits like "royalty." The source, who declined to be identified that those actors powerful "lobbying very severe against those banks. Pointing out that" these pressures began to escalate with the failure of campaigns tendentious that you want to undermine the government guidelines, especially programs premier anti-terrorism, corruption and build an economy strong. , and the source said there are points deduced working with the political process and build a new Iraq have consequences for all the sons of one homeland and to maintain the security and economic stability, in light of the variables that get in the Arab world
The banking source said that he tried to liquidate his bank in Iraq and maintain capital funds that invested with his partners in the banking business, but he failed to "keep up with the greed of influential people in the country." "I've Jerni between two choices, either to accept delivery of the required quota, or be my case as a case Warka Bank," he said. And private banks are exposed to fierce campaign under the pretext of the existence of breaches and financial differences.
In those banks, as well as being accused of not maintaining the exchange rate. While denies the Association of private banks in Iraq that الاتهمات says Abdul Aziz Hassoun, executive director of the association that these banks operate professionally and is a supporter of the Iraqi economy, especially that here as transactions and correspondence international with these banks have funded dozens of investment projects and development as well as housing and seeks to work Petknlogia high and away from operations Peru administrative Qratih, has exceeded its fame and reputation of the various relevant international circles to invest the money and the economy in various directions. About the need to support small projects and capacity development in the field of human resources
The economist suggests Badr Gillan to the important role of the private banking sector in the establishment of micro-finance
Small enterprises play an important role in achieving economic and social development in various countries, where a large proportion of industrial and agricultural projects and services, and thus contribute to the absorption of a large number of manpower and reduce unemployment. Also play an important role in increasing the technical skills of their employees, especially that investors in these industries متجذرون in the economic and financial environment and local social spreading in various areas of cultural, regional and contribute to the creation of thousands of jobs that contribute to the graduation of professionals and artisans new in many fields.
Researcher Gillan confirms the need for an agreed definition of small projects, there is a study gave us more than fifty definition of these projects were conducted in 75 countries. It has adopted a criterion for the number sales or number of employees or standard capital and the degree of specialization and technological level and so on, but the International Monetary Fund put a criterion based on the labor used in the project in order to determine its size, considering that this criterion is simple and easy when comparing projects different
He says Abdul Hussein al-Yasiri member of the Economic Commission parliamentary shouting there need to activate the decisions of workshops and conferences held previously to upgrade (the banking sector), especially as they gathered specialists from the managers of government banks and a number of managers of private banks and a group of specialists in the field of banking as well as on the participation of the Iraqi Central Bank.
The aim of this workshop to find the appropriate legislative environment for the banking business and the reform of the legal framework for this vital sector for its importance in the economic development of the country.
The MP said Yassiri that the importance of the role of banks in supporting the Iraqi economy being the party that you activate the economic and commercial activities and developments in the work of banks after the fall of the former regime in the field of infrastructure, trade and use of electronic means in their work.
As demanded by the Economic Commission MP Najiba Najib to pass laws and legislation facilitate the work of Iraqi private banks and support the private sector and take advantage of central bank reserves of the national currency in the implementation of strategic projects and dynamic stressing that political and security situation in the country has affected one way or another on the banking business in Iraq
The MP expressed hope that the recommendations of the Commission graduated supportive of the banking sector, especially in the area of legislation is working on the development of banks in Iraq to keep pace with developments on the international banks
He sees the economic and financial (Hussain Salman Al Shammari) Managing Director of the Bank of guidance that the work of these banks proved Bldleil the the cutter effective contribution in supporting the national economy, especially with regard to investment and project financing various Alatnjahat,
And the price Shammari role of His Excellency the Governor Central Bank (Dr. Abdul Basit Turki) and wisdom administrative and economic contain the crisis and deal with them with the utmost professionalism and expertise accumulated where contact with all parties and resolve obstacles that obtained with Alqzae and overcome obstacles in coordination with the Association of private banks in Iraq and the central bank issued a statement Detailed between the media and public Alri all the circumstances of the case and ways to solve them with the participation of stakeholders and experts and technicians from economies المعنين these sensitive issues
He hinted Shammari that private banks have several functions, including its leading role in supporting the economy and development to find job opportunities for researchers from both sexes to provide liquidity to many Almsttmaren, businessmen and money as well as supporting small and Tnmbh and human resource development young.
Al-Shammari said the managing director of the Bank of the guidance that the bank several feet of research and special economic studies that contribute to the growth and development of the banking business
An expert media economic Ammar Menem number of proposals to support and develop the industrial sector and Iraqi Commercial, said: given the economic policy of Iraq in recent years, a priority for trade liberalization at the expense of polarization of industrial and agricultural, introduced this national industry to compete with unequal did not succeed in enticing investors manufacture their products in Iraq world-class but imported from abroad, so it has to be re-engineered the investment environment by adjusting the investment laws and private Alaftaa support in various fields.
He stressed that since the long-term we are talking about loans benefits are low, as it must be granted industrial installations perpetual, and the establishment of industrial zones for small and medium industries in the industrial clusters بكلف reasonable, and allow its expansion, and to reconsider the terms of industrial licensing and administrative support to it is tough application of industrial plants outside the cities Industrial and within the organizational chart of the city or beyond. And the need to give large advances and financial grants to the industrial sector and mixed for re-development and support again
The expert said Menem that the abolition of tariffs on materials used in the food industry, especially at this stage of the country, and raising tariffs on imports of other industry and private industry electrical appliances in order to protect an industry that operates the largest number of employment and support marketed externally, the industry Iraqi National Baktaiha public and private sectors, and must work to deliver natural gas to the industrial cities to be replaced replaced the old Alaszawanat especially that Iraq daily burn large amounts of gas.
And finds Menem need to establish special funds to industrial development state-run and funded by public and private banks, and must strive to create incubators in the industrial cities to secure the requirements of industrial action and development, in addition to creating partnerships with developed countries, for example, to encourage investment in the field of IT and localization of the software industry, and must activate the role of banks Industrial and reduce the benefits of borrowing industrialists, farmers and rescheduling of their debts, especially owners of small and medium industrial.
He suggested Menem development of many art centers and Intellectuality with experience to take the reform process, such as the Iraqi center of economic reform and Almússat civilian working in the field of economy and investment, promotion and support of the Investment Authority, and demanded an expert media economic Ammar Menem Ali Almússat Althariabh that the tasks and contribute to the legislation of all laws supporting of the economy, investment and private project payment Baalogel inactivated by Parliament and the rest of the other projects, and support the private banking sector said that no less important for industry and agriculture is considered the backbone of the economy and contribute significantly to the advancement of peoples and required from all sides in the country and the government supported and developed to suit the size of investment and construction that the country needs at present
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