Parliamentary Finance: foreign investment should activate

Submitted by TTMC…

2/11/2015 0:00

BAGHDAD – morning
Parliamentary Finance Committee urged the need for foreign investment activation, because of its great importance in supplying the budgets of the country’s financial, and revive the national economy, while the economic and investment commission parliamentary plans to revive the cooperation between the Ministries of Industry and Minerals and oil in order to develop the economic reality of the country.
He said the parliamentary finance committee member Ahmed Sarhan: “The Iraqi economy is based on oil revenues, and this is a big mistake, what we are seeing from the drop in oil prices lead to instability of the financial and economic situation, which reflected negatively on the per capita income.”
He called, “the government to develop a long-term strategy, you can invest in other areas in order to supplement the Iraqi budget new revenues, including foreign and foreign investment,” stressing “the need to be investment priority and placed him deep strategy.” He pointed Ahmed said that “improved reality security, the sponsor to attract more foreign investment into the country, which would expand Iraq’s imports of Finance “in Favorites, the Commission stressed the economy and investment representative, it will work on activating cooperation between the Ministries of Industry and Minerals and oil for the advancement and development of the economic reality of Blad.oukal Vice Chairman of the Committee Harith Chanchal: “The” work decentralized system, helps to invest all primary resources in the provinces. “He said Chanchal that” the new economic order, which the government will seek to apply it, he can activate the investment side, which can help in the advancement of the Iraqi economy and development of the larger . “in turn, called for economic and investment commission member of the parliamentary proof Almamori, the Ministry of Electricity to deal with the General Company for Electrical Industries in Diyala province, and the withdrawal of the available products have in order to support domestic production.
He Almamori said in a statement: “It discussed during his visit to the General Company for Electrical Industries in Diyala province, with the company’s general manager and advanced staff in the most important obstacles and needs in the areas of work, each of which, in addition to the development of the company’s business and increase production to meet the local need” .odaa relevant ministries, especially the Ministry of Electricity to “pull production available to meet the need, and not to rely on imported product,” adding that “the availability of standards and electrical power transformers and electrical equipment valued at” fifty billion dinars. “”
He said Amory “the need to support the company through the promotion of the local product and return the proceeds going to the Iraqi income.” He continued that “the industry in Iraq need to support their products and marketing that will ensure its presence in local markets,” calling the country’s ministries and institutions of all to “go about the local industry and buy their products in order to support the Iraqi economy, especially as the country is going through a severe economic crisis. ”


Strategic development of the economy

Strategic development of the economy

2/11/2015 0:00

Yasser incumbent
awaiting stakeholders enthusiastically the outcome of the strategic development of the economy which will be launched on Thursday a high-level under the auspices of a government actor reflects the great attention given by the government for more detailed and the most important has the ability to deal with the economic crisis sparked by oil prices.

Title is clear and a large proportion to the size of the challenges phase of by exposure everything, and the fact that it requires a national effort of a real partnership between the public and private sectors in order to guide the country’s economy toward the right track and strong construction, not to go beyond just the challenge phase.

Everyone is aware of the seriousness of the suffering of the country’s many challenges, what matters including economic here as it comes to issues of economic Page; because this joint is a common denominator in the tasks and confrontation distribution between political effort and management of the affairs of other country,

as measured by the power of countries by the strength of the most important Aqtsadyatea.agv in this strategy is determined by how to maximize the resources of the state and not to rely on oil imports, here highlights the importance and role of the private sector to play this role, and this is what adopted the strategy for the development of the economy,

with the private sector will be the most important figure at this stage, and here is the ball home after years of searching for a role in the development of the country’s economy and to participate in the economic file management.

This great responsibility requires obligations rests with the government and the like on the private sector, the first duties (the government) create a business environment commensurate with the size of this great effort through a supportive and sober legislation,

because the strategy of activating the private sector is no longer a government or a passing remarks desire, but must turn this strategy into action on the ground, not because oil prices have only fallen and we deal with the situation like a fait accompli, but the economic we build must be based on a real partnership.

The private sector commitments will be harder and more complicated at the extent of such of the strengthening of the state’s resources and the development of responsibility economy in parallel path, compared to governmental obligations which are summarized enacted supportive legislation him toward playing his role required real private .

alqtaa Simes in requirements that put her through Congress this time and live up to the vision of the role expected of it at this stage, do not be impossible requests,

like its predecessors, and we sure that the message Abadi has completely reached think what the government and what you want from the private sector in the midst of the economic crisis and the conditions faced by Iraq.

Next month .. introduction of 660 MW in the electrical system

2/11/2015 0:00

To rehabilitate the station in Basra Agreement
BAGHDAD – KUT – morning
Testifies next month introduce new obstetric unit in Zubaydiah station grid after the completion of the trial run its 660 MW.
This information comes just one day after the signing of Baghdad and Tokyo Japanese facilitator of the loan agreement to rehabilitate the Hartha station in the province of Basra.
He said Finance Minister Hoshyar Zebari: “We signed with the Deputy Foreign Minister of Japan and the Japanese ambassador to Iraq on gambling Japanese loan agreement to rehabilitate the Hartha station in Basra.”
“The Japanese government will work under the Convention on the rehabilitation of the fourth unit of the station in the amount of $ 208 million.”
And increased Zebari said: “The government will do its utmost to overcome the difficulties of administrative and bureaucratic obstacles and against Japan, in order to facilitate the task of Japanese companies in the Iraqi market without any administrative Barriers.” In the meantime, the governor of Wasit owner behind Saidi announced that the Shanghai company operating in the thermal power station was completed Zubaydiah obstetric produce new unit within the second phase of 660 MW card in Zubaydiah electric station. He noted that the Ministry of Electricity conducting operations to connect the module within the national network to be introduced to the service within the national network in the beginning of next month of March. He Saidi that this unit is one of two units Tolidetyn company is working to be completed within the second stage, having been in the last year, the completion of the four generating units within the first phase College with a capacity of 1320 MW are divided by 330 MW unit obstetric one.
Promised to complete the obstetric unit in Zubaydiah power station “great asset” for the province, which has become productive after it was rickety, calling for the preservation of these gains through energy efficiency and synergy between the citizen and the state. The governor pointed out that the station is currently working local fuel extracted from the Ahdab oil field rather than importing fuel, following the completion of the laying of pipes running your fuel transfer station.

Kuwaiti firm to build new airport in Iraq

Kuwaiti trading and contracting firm Al Nasriyah has been awarded a 45-year contract by the Iraqi National Investment Commission (NIC) to develop and operate a new airport to serve Iraq’s Diwaniya governorate.

The $1.35 billion airport will be built in three phases, with the latter phases including development of commercial, recreational, and recreational complexes around the airport known as Aerotroplis.

The $420 million first phase involves construction of the airport and a free trade zone on the 17.5 million sq m site.  Targeted primarily at cargo operations, the airport will include a 3,600 meter runway, 45 meters wide, which will be able to handle all aircraft types. Construction is expected to begin this spring, with the first phase due for completion in 26 months.  The whole project is targeted for completion in five years.

NIC chairman Sami al-Araji said the signing of the contract was clear evidence of the private sector contributing to the reconstruction of Iraq and pointed out that Al Nasriya would contribute 10% of profits from the project to the provincial government. The project is expected to create more than 8,000 jobs for the people of the province.

Jubouri, the follow-up committee meets tomorrow and paper political agreement in Parliament

pictures / news / img / wdaaqwvcbgftrey546.jpg

Information / special / ..
Said Chancellor House Speaker Unit Jumaili, on Tuesday, for a parliament speaker Salim al-Jubouri, a meeting with the heads of political blocs tomorrow to discuss what has been implemented of paper political agreement to form a government.
She Jumaili told / information / that “the President of the Parliament agreed with the heads of the political blocs in parliament to hold regular meetings of the Commission on the follow-up of the political agreement, consisting of the heads of the blocks and led by al-Jubouri.”
“The Committee decided to meet tomorrow to discuss what has been implemented of paper political agreement and discuss legal accountability, justice and the law of the National Guard.”
Showed Jumaili paper political agreement is going according to the agreed-Abadi and is determined to implement all the agreements, but the legal accountability and justice and the National Guard of the Council will not be able to its approval that simple. “Finished /

Infallible head to Doha tomorrow at the head of an official delegation

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Editor Mustafa Saad – Tuesday, February 10, 2015 19:27
Alsumaria News / Baghdad
A source in the Presidency of the Republic, on Tuesday, that the President Fuad Masum, will travel tomorrow to the Qatari capital Doha on the head of an official delegation to discuss bilateral relations between the two countries.
The source said in an interview for “Alsumaria News”, “The President of the Republic Fuad Masum, will leave the country on Wednesday, heading to the Qatari capital Doha on the head of an official delegation.”

The source, who asked not to be named, said: “The visit comes to discuss bilateral relations between the two countries.”
Seeks Iraq to strengthen its relations with the regional and international environment, especially a running uphill battle against al “Daash”, as Prime Minister Haider al-Abadi said in more than one occasion, Iraq is keen to build good-neighborly relations with the surrounding countries, and stressed the need for those countries offering all humanitarian and military support for Iraq types.

Jubouri calls for the advancement of electric power

Jubouri calls for the advancement of electric power


Search House Speaker Salim al-Jubouri, with Minister of Electricity Qassim Fahdawi ministry’s preparations for the advancement of electric power.

A statement by the ministry received (time) yesterday (Jubouri briefed during the meeting on the ministry’s action plan.

And preparations for the advancement of energy, stressing (the need to develop appropriate to increase the power generation of citizens ratio) plans.

For his part, expressed Fahdawi (hope to provide the best service to the citizen and in spite of the austerity plan in the budget in the country).

The increase in hours cutting the power supply with the advent of summer and increased loads on the power.

Twitter- Brett McGurk

More bad news for : F-16s launch today from — home of — to successfully target hideouts in Syria.

PM Haider Al Abadi (Facebook)

He Council of Ministers, in its regular, which was held today under the chairmanship of Prime Minister Dr. Haider al-Abadi, the implementation of the government program and the percentage of completion achieved during the last period. The Council has issued several resolutions, including one month’s salary to employees of the self-financing companies exchange

Currency Auctions 10-02-2015

Currency Auctions

Announcement No. (2884)

The latest daily currency auction was held in the Central Bank of Iraq on the 10-02-2015 results were as follows:

Number of banks 24
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 73,887,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 73,887,000
Total offers for selling (US$) —–
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