Thurs. AM TNT News Articles 9-16-21



Who is standing in the way of retrieving Iraq’s money from abroad..justice answers

The Ministry of Justice confirmed, on Wednesday, that there are two main factors that stand in the way of recovering Iraq’s money from abroad, while noting that the looted funds recovery conference will find new mechanisms to return these funds.

The Director-General of the Legal Department in the Ministry, Hanan Munther Nassif, told the official news agency, “The holding of the international conference to recover looted funds from Iraq came with wide international participation, and in implementation of the decisions of the Council of Arab Justice Ministers and in coordination with the Arab Center for Legal and Judicial Research of the Council of Arab Justice Ministers and Iraq.”

She added, “The conference will work to activate the mechanisms for recovering looted funds, and to find new mechanisms to recover those funds.”

She pointed out that “in practical application, we face major problems in dealing with these countries, given that these funds have become part of their economies, in addition to the difficulty of taking legal measures due to the different legal systems between countries.”

And she continued, “Therefore, we are working through this international forum to work face to face, in order to discuss obstacles and find mechanisms, through international cooperation, and present the experiences of Arab and foreign countries, as well as the League of Arab States in the field of money recovery and combating corruption.” 

And, this morning, Wednesday, the work of the International Conference for the Recovery of Looted Funds from Iraq was launched in Baghdad, with wide international participation and under the auspices of Prime Minister Mustafa Al-Kazemi.  link

Iraq participates in the meeting of foreign ministers of the Gulf Cooperation Council countries

On Thursday, Iraqi Foreign Minister Fouad Hussein arrived in Riyadh to participate in the meeting of foreign ministers of the Gulf Cooperation Council countries.

The media office of the Iraqi Foreign Minister stated in a statement that “at the invitation of the Secretary-General of the Gulf Cooperation Council, Foreign Minister Fouad Hussein arrived in the Kingdom of Saudi Arabia; To participate in the meeting of foreign ministers of the Gulf Cooperation Council states.

It is hoped that during the meeting, the ministers will discuss many issues that concern the region and the relations of the surrounding countries outside the council, in addition to discussing regional and international issues.

He pointed out that “the minister will shed light on the future dimensions of the Baghdad conference for cooperation and partnership, and the reflection of all of this on foreign relations and the political and security situation in Iraq, in addition to the early elections and their importance to Iraq and the region.”

According to the statement, “discussions between the minister and the Arab parties participating in the meeting will focus on economic and trade relations and the role of Gulf companies in investing in the various sectors in Iraq. The minister will also discuss the issue of linking with the Gulf electrical network and supplying Iraq through it with energy.”

He pointed out that the minister will meet with several ministers of the Gulf states in bilateral talks to discuss relations between Iraq and the countries concerned.    link

Arab Monetary} discusses modeling economic and financial variables

Today concludes the training course {modeling economic and financial variables} organized by the Institute for Training and Capacity Building at the Arab Monetary Fund, in coordination with the Economic Department, within the distance training method adopted by the Fund in continuation of its training activity.

And the Director General and Chairman of the Board of Directors of the Fund, Dr. Abdul Rahman bin Abdullah Al-Hamidi, indicated in the opening speech of the session, which was followed by {Al-Sabah}, the importance of “following standard methods and modeling in analyzing economic conditions, as decision-making is linked to the results of studies based on scientific methods that help in adopting economic policies.” sound and foreseeing the future.

He added, “During the course, the focus was on how to deal with sudden shifts that occur in economic and financial variables, due to many influential global events, perhaps the most recent of which is the Corona pandemic, or government policies using standard models conditioned on changing the course of the development of variables over time, and through practical applications that enable From an understanding of these standard methods and their ability to identify periods of economic stagnation and recovery, as well as periods of financial market volatility in a bull market system and a bear market system.

Al-Hamidi continued, “The use of modeling in scientific research and analysis of economic and financial conditions has become one of the main pillars adopted by economic experts to reach appropriate solutions to many economic and financial challenges of interest to officials and decision makers, as interest in and dependence on it has increased significantly in economic and financial matters, in conjunction With the development of information programs and the increase in data availability.

The Arab Monetary Fund organized this training course to serve the needs of member states, within the framework of the Arab Statistics Initiative (Arabstat), with the aim of developing the participants’ capabilities in modeling and their knowledge of advanced standard methods applied to real data using specialized statistical software.

Al-Hamidi said: {Proper planning and drawing up economic policies requires the availability of comprehensive and reliable data for use in analysis, making the necessary estimates and building future economic plans. priority for them.

“In light of the results of these questionnaires, the Arab Monetary Fund programs its training courses and defines its programs for technical assistance and its joint missions with regional and international institutions, with the aim of building capacities and helping to apply the recognized evidence and methodologies,” he said. internationally}.  link 

Source: Dinar Recaps


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