Bondlady’s Corner

  In Bondlady’s Corner

Iraq Economic News and Points to Ponder Friday Afternoon 1-26-24

Tlm724 Administrator Bondlady’s Corner

Instead Of Romanski, Biden Nominates An Extraordinary “New” American Ambassador To Iraq

Politics     Iraq     breaking     Biden     nomination     Ambassador extraordinaire

2024-01-25 12:07  Shafaq News/ US President Joe Biden announced on Thursday his intention to nominate Tracy Ann Jacobson for the position of Ambassador Extraordinary and Plenipotentiary of the United States of America to the Republic of Iraq, replacing Elena Romanski.

And Tracy Jacobson, Senior Career Member of the Diplomatic Service, Career Minister category, most recently served as Chargé d’Affairs at the U.S. Embassy in Addis Ababa, Ethiopia.

Over the course of her distinguished career, she served as U.S. Ambassador on three occasions – to Tajikistan, Turkmenistan, and Kosovo, and as Deputy Chief of Mission at the U.S. Embassy in Riga, Latvia.

In addition to senior leadership roles overseas, Jacobson served as Principal Deputy Assistant Secretary of State in the Department of State’s Bureau of International Organization Affairs and Dean of the National Foreign Affairs Training Center (FSI) for the College of Professional and Area Studies. At the National Security Council, Jacobson was Deputy Executive Secretary and Senior Director For anagement.

Jacobson earned her bachelor’s degree. She holds a bachelor’s degree from Johns Hopkins University and a master’s degree from the School of Advanced International Studies, also at Johns Hopkins University. She has received numerous awards from the Ministry of Foreign Affairs, two Presidential Class Awards, and the Medal for Peace, Democracy and Humanity “Ibrahim Rugova” (Kosovo).سیاسة/بايدن-يرشح-سفيرة-فوق-العادة-ل-مريكا-لدى-العراق

Compliance Monitor Report

January 25, 2024     :diamonds: For regulatory and supervisory purposes and in view of the expansion in the work of all licensed electronic payment companies, it was decided as follows…For more click here


[incomplete and approximate translation]

All licensed electronic payment companies

M/Compliance Monitor Report

For regulatory and supervisory purposes and in view of the expansion of your companies’ business; Decide

The following:-

1- Cancellation of our Circular No. 5/9/1101 on 4/151/417.

1 – Your companies’ adoption of the new Compliance Monitor Report Form (a copy of which is attached

(b) and provide this bank with it semi-annually and within a period of (10) days from the dateAttention mid-year and in the event that we are not provided with the aforementioned report within the aforementioned period A late fine of (62:00010) dinars (seventy-five thousand) will be imposed.

Dinar) for each working day until you provide us with the report.

“The aforementioned report is sent to the Directorate of Supervision of Non-Banking Financial Institutions/Department Compliance review and a copy thereof to the Electronic Payment Service Providers Monitoring Department at the same time

The aforementioned directorate on CD (60) or (1/16170197 21358) in addition to sending it to Misuse of electronic payment cards

January 25, 2024   Based on the supervisory and regulatory role of this bank, it has recently been observed that the misuse of electronic cards outside Iraq and during short periods, which affects and harms the financial and banking sector and its customers in the Republic of Iraq, was revealed by the reports of the competent security authorities and the supervisory procedures of this bank and the Anti-Money Laundering and Counter-Terrorism Financing Office.

The reports showed the use of employees’ nationalized salaries cards, retirees’ cards, and social care.

A number of cards were referred to the Supreme Judicial Council for the purpose of taking legal measures in accordance with the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the instructions issued pursuant thereto, and referring public sector employees to the Integrity Commission. For the purpose of taking the necessary action by them.

This bank also warns beneficiaries of electronic payment services of the fake pages that have spread recently that lure citizens (taking advantage of the citizen’s lack of awareness) to obtain their card information in exchange for their promises to provide services that are not true, and that obtaining services is through the official applications of the issuing authority. For the card (bank, electronic payment company) exclusively.

From the above, this bank confirms its keenness to provide all appropriate tools for the purpose of facilitating financial operations for citizens, which maintain the integrity of the financial operations of the Iraqi financial sector.   Central Bank of Iraq  information Office

The Government Reveals That It Has Received 60 Applications To Establish Pharmaceutical Laboratories

Economy  ,  01/26/2024 Number of readings : 222  Baghdad – Iraq Today:  Advisor to the Prime Minister for Industry Affairs and Private Sector Development, Hamoudi Al-Lami, revealed today, Friday, a movement to complete pharmaceutical factories in Iraq, while indicating that the file of localization of the pharmaceutical industry has yielded results that exceed the plan.

He confirmed the presence of 56 requests to establish new factories. Al-Lami said, according to the official agency, that “there are 56 requests to establish new pharmaceutical factories in Iraq,”

indicating that “there are two pharmaceutical factories that have been fully completed, and now we are in the process of completing the approvals to start production, given that the pharmaceutical industry differs from the rest of the goods, so the first three must be produced.”

Meals are supervised and approved by the pharmaceutical control, and then allowed to begin production.”

He added:  “We have a factory for producing syringes in the Kurdistan region, and a factory for intravenous solutions in Diwaniyah Governorate, as it is the first pharmaceutical factory in the southern regions,” pointing out that “there is a factory in Baghdad whose completion rates have reached 98%, and it is hoped that Production will begin during the next three months, in addition to two other factories whose completion stages have reached 75% in Baghdad, and the Al-Najaf Al-Ashraf factory, which is 60% complete, which is special for producing medicines.

He stated that  “the intravenous solutions production plant in Baghdad has reached 90% completion stages,” stressing that  “the localization of the pharmaceutical industry has yielded great results that exceed the plan.”الحكومة-تكشف-عن-تلقيها-60-طلبا-لإنشاء-معامل-أدوية

Private Sector Council: A Real Approach From The Government To Support The Expansion Of Projects

Economy   Baghdad – INA – Hassan Al-Fawaz   The Private Sector Development Council confirmed today, Friday, that it will be a fundamental support for the government in achieving development and construction, indicating that there is a real trend from the government to support the expansion of projects.

An expert in the Private Sector Development Council, Rahma Shaker Al-Kubaisi, told the Iraqi News Agency (INA):

“There is a state trend towards the private sector and truly supporting it to move towards expansion of projects as is found in developed countries.” She added, “The private sector throughout Iraq must have a real effective role,” stating,

“The first founding meeting of the permanent Private Sector Development Council will be the gateway for investors and businessmen and businesswomen.” She added, “Women have come to represent many competent authorities, and  therefore their presence within the private sector is important,” noting that  “ideas allow women to participate in the private sector more than in the government sector.”

For his part, the head of the Iraqi and Arab Contractors Union, Ali Fakher Sanafi, told the Iraqi News Agency (INA):

“The Private Sector Development Council will be an essential support for the government in development and construction.” He added,  “The private sector has suffered a lot in recent years, so the presence of this council will contribute to supporting the sector, especially since it receives the attention of Prime Minister Muhammad Shiaa Al-Sudani,” noting,  “The council is a strong tributary and the right hand for developing the private sector.”–.html

Developing A Road Map To Revive The Oldest Railway Transport Lines In Iraq

January 25 11:26 Information / Baghdad..  On Thursday, member of the Security and Services Committee, Baqir Al-Saadi, revealed a road map to revive the oldest railway transport lines in Iraq. Al-Saadi said in an interview with Al-Maalouma,

“Railways ensure a reduction in the cost of transporting goods by no less than 60% and perhaps more, in addition to being safer, more dynamic and more flexible in transport under various conditions, including air, unlike other means of transport.”

He added, “In light of the government’s vision, there is a broad road map in order to revive the oldest railway transportation routes in Iraq, whether in the eastern or southern part, and identify the existing lines and attempt to connect the border crossings with the capital, Baghdad, all the way to the ports of Basra, to be part of the strategic development road.”’

He pointed out that “creating new lines is an important step that will be worked on through a feasibility study and its importance in the economic dimension, especially since transport lines are effective not in the goods sector, but in the passenger sector.”

Iraq currently includes a wide network of railway transport lines, but some of them are suspended and others were canceled in the seventies and eighties of the last century.ضع-خارطة-طريق-لإحياء-أقدم-خطوط-النقل-لسكك-الحديد-في-العراق

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Top 100 Inspirational Quotes  Compiled By Kevin Kruse

Inspirational quotes and motivational quotes have the power to get us through a bad week, and can even  give us the courage to pursue our life’s dreams.  In my book, 4 Keys to Happiness and Fulfillment at Work, By Kevin Kruse, I share surprising research into the true triggers of workplace motivation.

So in the spirit of self motivation, here are 100 inspirational quotes.

  1. Whether you think you can or you think you can’t, you’re right. – Henry Ford
  2. The two most important days in your life are the day you are born and the day you find out why. –Mark Twain
  3. Whatever you can do, or dream you can, begin it.  Boldness has genius, power and magic in it. – Johann Wolfgang von Goethe
  4. The best revenge is massive success. – Frank Sinatra