The Cabinet authorizes Araji to sign the draft investment protection agreement between Iraq and America

  Session of the Council of Ministers

  

 money and business

Economy News Baghdad: 
The Cabinet decided on Tuesday to authorize the head of the National Investment Authority, Sami Araji, to negotiate and sign a draft agreement to promote and protect investment between Iraq and America.
The Council of Ministers decided in a meeting today Tuesday to authorize the Chairman of the National Authority for Investment the authority to negotiate and sign the draft agreement on the promotion and protection of investment between the Government of the Republic of Iraq and the Government of the United States of America, as amended by the Council State Shura “.
He added that “the Minister of Transport was authorized to negotiate and sign the draft air transport agreement between the Government of the Republic of Iraq and the Government of the United States of America.”

http://economy-news.net/content.php?id=8416

 

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The Council of Ministers is forming a committee to discuss with Saudi Arabia to strengthen economic relations

  
  

 money and business

Economy News Baghdad: 
The cabinet decided on Tuesday to form a committee headed by Interior Minister Qassem al-Araji to follow up talks with the concerned authorities in Saudi Arabia to boost economic and investment relations.
“A committee was formed under the chairmanship of the Minister of the Interior and the membership of the Ministers of Commerce, Agriculture, Industry and Minerals, the Chairman of the National Investment Commission and the representatives of the Ministries of Finance and Water Resources and representatives of the Border Crossings Authority and the Union of Chambers,” the Cabinet said in a press statement after its meeting on Tuesday. And the Federation of Iraqi Industries, to follow up the talks with the concerned authorities in the Kingdom of Saudi Arabia to promote economic and investment relations in the fields of trade, industry and industry in the public and private sectors.

http://economy-news.net/content.php?id=8417

 

Baghdad and Arbil meet tomorrow to discuss the problem of double taxation and enhance the role of private banks

  
The previous meeting between Baghdad and the Kurdistan region “Economy News”

  

 money and business

Economy News Baghdad:
The Association of Private Banks, Tuesday, that a meeting between Baghdad and the Kurdistan region will be held on Wednesday to find a solution to the problem of double taxation and strengthen the role of private banks. 
The Executive Director of the Association of Private Banks, Ali Tariq told the “Economy News”, that “will be held in Erbil on Wednesday a coordination meeting between the General Authority for Iraqi Taxation and the Kurdistan Region Tax Department will be headed by the delegation of the central government Director General of the Tax Authority Abbas successful and membership of the adviser in the Association of Private Banks The Director of Public Relations at the Association of Private Banks Majid Michel, the representative of the Association of Private Banks in Erbil Sherwan Mustafa and the representative of the Central Bank Khaled Shawkat, while the head of the tax department in the province, its Director General Kamal Tayeb Qadir.
“The meeting will discuss activating the decisions reached by the two sides at their last meeting in Arbil on 12 June last, concerning the end of double taxation between Baghdad and Erbil and coordination of tax procedures and support the work of private banks to contribute to revitalize the economic cycle in the region and in Iraq in general.”
Tarek pointed out that “Baghdad and Erbil agreed on the need to find a solution to the problem of fees required by the Registrar of companies in the region for the purpose of the work of the acquittal of banks,” noting that “the Kurdistan region did not comply with the agreement, which provided that there is a grace period of three months to complete their tax liabilities For the year 2016 as a prelude to obtaining the tax clearance, and postponement of the two tax assessments scheduled for the years 2014 to 2015 until the completion of these belongings.

http://economy-news.net/content.php?id=8418

 

Abadi: I will not think about the elections unless all the Iraqi territories are liberated

Tuesday 25 July

Prime Minister Haider al-Abadi said on Tuesday that he would “not think” about the elections unless all the Iraqi territories were liberated, denying his intention to form or announce an electoral list. “I will not think about the elections unless all the Iraqi territories are liberated,” Abadi told a weekly news conference attended by Sumerian News. “I categorically deny my intention to form or announce an electoral or political list,” Abadi said. On Wednesday (May 31, 2017), President Fuad Masum and Prime Minister Haider al-Abadi reiterated their commitment to the constitutional timing of the elections.

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Abadi announces the establishment of a special plan for the liberation of Tal Afar

Security Scene Tuesday, July 25, 2017 at 18:11 PM (Views 107)

Abadi announces the establishment of a special plan for the liberation of Tal Afar

Baghdad / Sky Press:

The Prime Minister, Commander-in-Chief of the Armed Forces, Haider Abadi, announced on Tuesday the development of a special plan to restore the district of Tal Afar from the gangs of the terrorist, while pointing out that there is “deliberate media intimidation” by some quarters about the crimes that occurred during the past days.

Abadi said in a weekly conference attended by Sky Press that a special plan had been devised to liberate Tal Afar, noting that “the security forces have laid out the best examples of protecting civilians in Mosul.” He added that “attention to the military establishment is the main reason for eliminating terrorism “He said.

And on the recent crimes in Baghdad and the provinces of the center and the south, which affected academics and doctors between Abadi, that “dealing with organized crime the treatment of terrorism,” noting that “there is media purposive intent by the parties about the crimes that occurred recently.”

Regarding his participation in the elections, the prime minister said that he would not think about the elections unless all the Iraqi territories were liberated. He denied his intention to form or announce an electoral or political list.

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Urgent {Euphrates News} published important decisions of the Council of Ministers to remove abuses

Release date: 2017/7/25 20:00 • 515 times read

(Baghdad: Al-Furat News) Cabinet decided in its meeting on Tuesday to remove the excesses on the real estate and land of the state.

A statement issued by the Prime Minister received the agency {Euphrates News} a copy of it today, the Council of Ministers discussed the issue of excesses on the land and real estate of the state and decided “to assign the security forces and the rapid reaction team tasks to remove abuses on state real estate and activate the implementation of Resolution No. 154 of 2001, For the purpose of removing abuses of real estate belonging to the state and municipalities.
The Council also decided to “establish a database of intelligence in a precise and detailed cases of encroachment on state property in coordination with the leaders and security and military agencies in the provinces of Iraq, and work to remove abuses of state property in accordance with the first two phases include the removal of trade and industrial and agricultural abuses, After examining the cases in detail. ”
For his part, Prime Minister Haider Abadi, during the meeting, a presentation of the preparations and preparations for the liberation of the remaining land and operations to clean up the old Mosul gangs of terror advocates, and efforts to restore stability and displaced people and services. “The
Council of Ministers, according to the statement,” continue to pursue the crime gangs and respond strongly, the need to inform the public on the details and the results of investigations into the crimes committed go, and to reassure citizens the security measures necessary to eliminate criminal gangs, warning of rumors and fabrication of false news to confuse and shuffle the cards “campaign.
the Council issued Ministers “several resolutions in the forefront of finding a solution to the problem of water Basra, studying a contract hauling water Basra project to a solid global company.”
He stressed ” To authorize the President of the National Investment Commission authority to negotiate and sign a draft agreement to encourage and protect investment between the Government of the Republic of Iraq and the Government of the United States of America , as amended by the State Council and authorize the Minister of Transport authority to negotiate and sign a draft air transport agreement between the Government of the Republic of Iraq and the Government of the United States of America. ” Shape A committee headed by the Minister of the Interior and the membership of the Ministers of Commerce, Agriculture, Industry and Minerals, the Chairman of the National Investment Commission and the representatives of the Ministries of Finance and Water Resources and representatives of the Border Ports Authority and the Union of Chambers The trade and the Iraqi Federation of Industries, follow up the talks with the concerned authorities in the Kingdom of Saudi Arabia to promote economic and investment relations in the fields of trade, and Alersaih, industrial and in the public and private sectors “.anthy

http://alforatnews.com/modules/news/article.php?storyid=147078

 

Abadi declares his political ambition and confirms: the referendum of the region is illegal (expanded)

 

Release Date: 2017/7/25 20:35 • 98 times read

Baghdad: Prime Minister Haider al-Abadi announced his political ambition in the upcoming parliamentary elections scheduled for 2018, as he explained the position of the federal government of the referendum of the Kurdistan region for independence from Iraq scheduled for next September.

“I have no political electoral list and so far I have not responded to the elections and I have not decided yet. All those who came from friends ask that, I told them, I have not yet decided on this side,” he told a weekly news conference.
“We have prepared a plan to liberate Tal Afar, and as we promised previously to liberate the territories, we will achieve this new liberation and a date has been set for launching the process,” he said.
Abadi pointed out that “the humanitarian aspect is important and the security forces treated it was humane and beautiful, where the finest examples of protection and displaced people were hit and keen on them,” noting that “the victory achieved by the measures and reforms was not surprising and got a reorganization and make the fighter fighting for the homeland and not the person of the authority and the development of the relationship between Military commanders and fighters to achieve integrity, professionalism, training and humanitarian handling. ”
He stressed that ”
“There is a war of rumors and intimidation of organized crime, some want to market sectarianism again and blow with a perforated punch and there are frenzied media campaigns, but now every crime gets some criminal differences, but some are trying to intimidate and took a set of measures to fight crime.” He pointed out that ” And 80% of the crimes are not organized as a regular disputes and personal differences and some of them did not happen at all, but there is intimidation by the parties of sadness of the liberation of Mosul and warn and call on citizens to mix the papers and what is incorrect from the intimidation of crimes of kidnapping and murder, “adding” Crime in b Ghaddad. ”
On the import of Turkey’s Iraqi oil from the fields of Kirkuk through the Kurdistan region, Abadi said that”
Half of the Iraqi oil exported to Turkey from Kirkuk, an Iraqi oil and this is unacceptable and was seized two-thirds of Kirkuk’s wells after the entry of a dipper and exported through the region and there is an agreement and no constitutional dispute that the old wells in Kirkuk run by the federal government. ” And the return of displaced people to their areas, ” the return of displaced persons is essential and non – return means the success of the Daesh broadcasting division among the sons of the Iraqi people and we are working on the return of displaced persons and we have a program in the cliff victory to re – displaced them and unfortunately there are wrong measures to re – displaced people.”
on the Kurdish referendum to secede , said al – Abadi , saying , “we are carving Of the aspirations of the Iraqi people and the Kurdish but we live in one homeland ruled by the Constitution and there is a paragraph in which a referendum for secession; so we treat the region as a referendum is unconstitutional and illegal and will not deal with him , and there is a crisis and the fact that differences in Kurdistan, “once again”
Calling for the parties to the region to restore the work of institutions, ” He said,” We ask how the referendum will be held and who is the authority that will take place if the provincial parliament and ministries are disabled in the government of Kurdistan, “warning” to walk in the direction of the referendum because it will affect everyone in Iraq and as some believe that Daesh will not be a danger to others, but the result was the opposite. ”
He added , ” today we have achieved a good discourse between the Iraqi army and the Peshmerga and want to resolve the outstanding issues and we call on the region for dialogue on government and grassroots level across the political blocs, and we are in one country and not a party may take a step alone decide the future of the country And most politicians of Kordesta N are not rushing to the referendum. ”
In a question to the Prime Minister about the arrest of foreign nationals,

http://alforatnews.com/modules/news/article.php?storyid=147079

The National Insurance Company announces the receipt of installments of 97.7 billion dinars

 

By

rami

 –

July 25, 2017

The National Insurance Company announced on Tuesday that it received insurance premiums of 97.7 billion dinars for the year 2016, confirming that it received premiums of 92.9 billion dinars.
The company said in its annual report for the year 2016, “the compensation paid decreased by 19 percent than in the previous year,” indicating that “the compensation paid for the year 2016 amounted to 38 billion and 627 million and 858 thousand dinars for compensation of 47 billion and 448 million 423 Thousand dinars for the year 2015 “.
The report pointed out that “the volume of investments for the year 2015 amounted to 171 billion and 263 million and 956 thousand dinars compared to the volume of investments in the previous year 157 billion and 570 million and 780 thousand dinars, an increase of 8 percent.”
He added that “investment revenues for the year 2016 amounted to 8 billion and 402 million and 492 thousand dinars compared to revenues achieved in the previous year amounted to 7 billion and 215 million and 30 thousand dinars, an increase of 16 percent.”
And “the existence of a number of problems and obstacles that hindered the work of the company, including not to renew many of the documents of the public sector because of reducing the allocation of the paragraph of insurance in the budget,” adding that “military operations in the provinces in which it led to the loss of the company to a number of insurance documents there, Lack of investment balance, which led to the suspension of many investment projects. ”
The report stressed “the impact of inflation in the balance of payments, which included all economic facilities in the country and extended to the revenues and expenses of the company, which in turn protected the funds of the insured, whether the government sector or the amounts and current current affected by the state of inflation, pointing out that this made the company resort to the calculation of insurance prices Covering such protection and preserving its rights and financial solvency. ”
He explained that “the total technical reserves amounted to 119 billion and 227 million and 986 thousand dinars for the year 2016 compared to reserves of 116 billion and 270 million and 16 thousand dinars in 2015, an increase of 2 percent.”

http://en.economiciraq.com/2017/07/25/the-national-insurance-company-announces-the-receipt-of-installments-of-97-7-billion-dinars/

Baghdad Chamber of Commerce signs a joint cooperation agreement with Tripoli Chamber of Commerce

 

money and business

Economy News _ Baghdad Baghdad Chamber of Commerce announced on Tuesday the signing of a joint cooperation agreement with Tripoli Chamber of Commerce to benefit from the activities of the Tripoli Chamber and North Lebanon and the possibility of transfer and application to the reality of Iraqi society. A statement issued by Al-Iktissad News said that “the President of the Baghdad Chamber of Commerce Jaafar Al-Hamdani signed a joint cooperation agreement with the Tripoli Chamber of Commerce, represented by its President Tawfiq Al-Dabousi and attended by the Secretary General of the Federation of Iraqi Chambers of Commerce Abdullah Al-Bandar, Dr. Nader Ghazal, Hamdi, Director General of the incubator of the chamber and this came during the visit of Hamdani to Lebanon at the invitation of the President of the Chamber of Commerce and Industry of Tripoli after the Baghdad Chamber of Commerce to the membership of the regional organization of international organizations supporting the business and based in the Chamber of Commerce Traboul Northern Lebanon “. The statement added that “the signing of the agreement to benefit from the activities of the Tripoli Chamber and the North Lebanon and the possibility of transfer and application to the reality of Iraqi society and expressed his happiness that he sees this hard work in the Tripoli Chamber and the continuous and continuous work carried out by Dabusi and his colleagues on the Board, “We also strive to look at the mechanisms that activate intra-trade between Iraq and Lebanon in general and between Tripoli and Baghdad in particular, and discussed ways to enhance the opportunities of strategic partnership between the public and private sectors as well as strengthen ties between Tripoli and Baghdad.” For his part, Tawfiq Daboussi stressed the readiness of the Tripoli and North Lebanon Chambers to put all their strategic projects and technical capacities, such as Quality Control and Food Safety Laboratories, Research Center, Food Industries Development Center, Vocational Training Center, Young Entrepreneurs Club, Knowledge Economy Center and Arbitration Center and the Mutual Fund for Lebanese Chamber of Commerce. The Arab Chambers of Commerce in general and the Chambers of Commerce in the sisterly State of Iraq in particular, as well as meet the aspirations of the Baghdad Chamber of Commerce to withdraw the march of the typical Tripoli Chamber across the Iraqi business community and work to find common rules for us Pillars to help develop the contents of a memorandum of cooperation in place, particularly for the benefit of the Iraqi Center business incubators from the advanced expertise and experience possessed by the work of the Tripoli Chamber incubator in the field of establishing and supporting small and medium-sized enterprises.

http://economy-news.net/content.php?id=8410

Deloitte: Iraq exempts foreign companies from taxes and will increase them to Iraqis

money and business

Economy News Baghdad: The Iraq government has given foreign companies tax breaks to work and invest in the country, said Jane Stokes, director of taxation at Deloitte Middle East in Iraq. Stokes said in an interview with satellite “cnbc Arab” and his “Economy News”, “The Iraqi Ministry of Finance has granted tax exemptions to foreign companies in order to encourage foreign investment in sectors other than the oil and gas sector,” noting that “the decline in oil prices in global markets made Iraq to impose more taxes, including the customs tariff. “ And expected “the continuation of the Iraqi government to impose more taxes on the daily dealings of Iraqis,” noting that “the government decided to exempt companies working to rehabilitate the areas affected by the war.” She stressed that “confidence still exists in Iraq and there is a continuation of investment operations, specifically in the oil sector in southern Iraq, which was not affected by the security situation that occurred in 2014.” On July 6, Deloitte issued a new report on Iraq’s tax environment under the title “Iraq’s Commercial Guide – Understanding the Tax Situation in Iraq” to guide companies and support their clients and stakeholders in Iraq. The report aims to shed light on the key areas requiring consideration, both for companies that are looking to invest in Iraq for the first time, and those that have expertise and are currently working in Iraq. The General Authority for Taxation, following the appointment of a new general manager, that one of its main objectives quickly dealing with tax assessments and collection of tax revenues in most ways.

http://economy-news.net/content.php?id=8411