Kuwait unveils final agreement to import Iraqi gas

Date of release: 2018/3/29 22:53 • 225 times read
Kuwait’s oil, electricity and water minister, Bakheet al-Rashidi, confirmed on Thursday that his country is close to concluding a final deal with Iraq on the import of Iraqi gas.
“Kuwait and Iraq are very close to concluding a final agreement for the import of Iraqi gas,” Al-Rashidi said in a press statement. “There is a slight dispute between the two sides over prices.”
He added that “the final agreement will be concluded in April next to coincide with the expected visit of the Iraqi oil minister to Kuwait,” hoping that “there will be a final agreement on this subject during the next two months.”
“We are trying to have a sound basis for the agreement, but for details, there will be no problem,” he said.
On the meeting with the Iraqi side on the electric connection, the Kuwaiti Minister of Electricity, “Iraq is the gateway to Kuwait to Europe, so the GCC countries are talking with him to be an electrical link between us as a first point, and then with Turkey, “He said.
It is noteworthy that there is a preliminary agreement for the export of Iraqi gas to Kuwait to pay the remaining amounts of compensation of the war in Kuwait, which is estimated at more than 6 billion dollars, which is hoped to be completed in 2022.

Sileman: Baghdad should stay away from the government-controlled economy


Release date: 2018/3/29 23:03 • 239 times read
US Ambassador to Iraq Douglas Silliman said on Thursday that Baghdad should move away from the government-controlled economy and attract the private sector, especially in the energy field.
“Iraq needs rapid changes in energy and oil in particular, because it is important in the economy and needs new investments to employ the largest number of workers because they are important in reconstruction,” Sileman said in a speech at the Fourth Iraq Energy Forum.
“Oil dominates the Iraqi economy, but it provides very few jobs. Oil accounts for 85 percent of government revenues and 65 percent of GDP, but it contributes only about 1 percent of the workforce.”
He explained that “Iraq needs new important investments for the development of new oil and gas fields and to stop the natural decline in the existing fields, and that Iraq should choose either to spend scarce public resources to increase oil and gas production or to rebuild the country, “He said.
“Iraq can increase its oil production, rebuild the country and create jobs, but only if it allows and attracts private sector investment through the actual signing of profitable investment contracts, through modernizing controls and contracting procedures and through the actual signing of lucrative and profitable investment and purchase contracts with Private investors “.
“There are companies that know at least four US companies – ready to build infrastructure, produce oil and gas, recover gas associated with oil extraction, or convert sunlight into electric power without any investment from the government of Iraq, not even a single dinar. , But not one of them so far managed to complete the contract with the government. ”

“Last summer, Iraq produced 15,000 megawatts of electricity for the first time, but fuel, government support for wages and low collection rates cost the government of Iraq $ 8 billion a year, and $ 8 billion is equivalent to about 10 percent of the budget,” Sileman said. the government”.
He asked about the investment and reconstruction projects that could have been accomplished had the budget been 10% larger.
“The energy sector is vital for Iraq’s future, but Iraq’s leaders must learn to allow private sector capital to be invested and attracted in the hydrocarbon industry, as is the case with all other sectors of the economy,” he said.
By leveraging the power of private sector companies, they can develop the economy, create jobs, diversify public sector investments and reduce the risks of the oil-based economy.
He reiterated that “the United States stands ready to help the government implement reform and to encourage the contribution of US companies to the reconstruction and development of a new, modern and prosperous Iraq.”

Determining the date of operation of the river taxi line between Adhamiya and Jadriya in Baghdad

Policy  2018/03/29 18:33  160  Editor: mw

Baghdad today – Baghdad

Minister of Transport Kazem Fangan al-Hammami announced Thursday that the start of the next week of April 1 will start the operation of a river taxi between Adhamiya and Jadriya districts in Baghdad.

“The purpose of operating the river taxi between Adhamiya and Jadriya is to alleviate the congestion witnessed by the capital Baghdad and to add a new transport service and reduce the effort on students between the sides of Karkh and Rusafa,” Hamami said in a statement obtained by Baghdad Today.

He added that “the boats of the General Company for Maritime Transport in Baghdad will start on the first of April next running river line (river taxi) between Adhamiya and Jadriya on the banks of the Tigris River.”

He pointed out that the new boats that will work on this line can accommodate up to 40 passengers and all marine safety specifications are available and specialized teams are working on them.


A British-American delegation is visiting the Kurdistan region to discuss the return of the Peshmerga to the disputed areas


– 3/29/2018 2:46:00 AM310 Number of readings


Khandan –

A delegation from the United States and Britain arrived in the Kurdistan region on Wednesday to discuss the return of the Peshmerga forces to the disputed areas, the deputy chief of staff of the Peshmerga forces said.

Maj. Gen. Qaraman Kamal,  deputy chief of staff of the Peshmerga forces said in a statement to Khandan that a high-ranking delegation from the United States and Britain arrived yesterday in the region and met with the Peshmerga Ministry to discuss the return of the Peshmerga forces to the disputed areas , noting that the delegation stressed the need for coordination between the Peshmerga And the Iraqi army.

He attributed the assistant chief of staff of the Peshmerga forces, the purpose of the formation of a joint operations room in those areas, to monitor the movements of terrorists “advocated” in some areas during the recent period.


Barzani Kubitsch discuss five files


Barzani and Kubic are looking into five files
 Twilight News    
 one hour ago

“The President of the Kurdistan Region, Najirvan Barzani, with the special envoy of the Secretary-General of the United Nations Jan Kubic during their meeting, on Thursday, the latest developments on the Kurdistan and Iraqi arenas, and stressed the need to continue serious dialogue between Erbil and Baghdad in order to solve the problems between them.
The head of the provincial government, Nechirvan Barzani, received on Thursday the special envoy of the Secretary-General of the United Nations Jan Kubic and his delegation.
The statement pointed out that Jan Kubic expressed during the meeting in the presence of Vice-President of the Kurdistan Regional Government, Qubad Talabani, was pleased with the positive steps between Arbil and Baghdad, hoping for a more serious dialogue in order to address all the problems.
Kubic also expressed the readiness of the United Nations to provide any assistance in this direction, and gave an overview of his efforts to create a suitable ground for the Iraqi elections, indicating that the gathering of Iraqi political parties to sign a code of honor in order to conduct the elections successfully.
Kubic also presented a summary of the latest developments in the situation of the region and support relations between Arbil and Baghdad and the elections in the Kurdistan Region.
Barzani expressed his thanks for Kubic’s efforts in advancing relations between Erbil and Baghdad and his support for dialogue between the two sides, which resulted in solving a number of problems. He expressed his hope to hold more serious dialogues to solve the remaining problems.
The statement added that Barzani counted the participation of Kurdish political parties in the gathering of Iraqi political forces in support of the political process and the Iraqi elections.
The statement added that Barzani said in another section of his speech on the holding of the upcoming elections in the Kurdistan Region by its scheduled date.
On the displaced, Barzani pointed out that some of them have returned to their areas, but because of the lack of services and security are forced to return to the camps, stressing that the Iraqi government and with the assistance of the international community to take a position on this and find a suitable solution.

Banks headed by the Association of Private Banks participate in the Baghdad International Book Fair


Economy News Baghdad:

11 banks, headed by the Association of Iraqi Private Banks, participated in the Baghdad International Book Fair for the current session, which started on Thursday.

And included the pavilion of participating banks, the Central Bank and the Association of private banks and banks across Iraq and Ashur, the Middle East and the Iraqi and Islamic countries and Alravidin and Rashid, industrial and Iraqi trade in addition to Amwal for electronic banking services.

The pavilion was opened by Secretary-General of the Council of Ministers Mahdi Al-Alak, President of the Association of Private Banks Wadih Al-Hanal, Deputy Chairman of the Association of Private Banks Ali Muften and a number of ambassadors of Arab and foreign countries, including the Saudi Ambassador in Baghdad.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, on the sidelines of the exhibition, “the economy News”, “The Association of Iraqi private banks are constantly supporting the cultural and community activities in Iraq because of the importance of culture in promoting and spreading the concepts of peace and dialogue,” adding that ” At the Baghdad International Book Fair to inform citizens of the services they provide and raise the number of people who have bank accounts. “

He explained that “the Association of Iraqi private banks provided great support for the Baghdad International Book Fair this year,” noting that “this session of the Baghdad International Book Fair is different from the previous sessions in terms of publishing houses, which increased in number, in addition to the presence of Arab intellectuals.”

On the other hand, the President of the Federation of Iraqi Publishers, Abdul Wahab Al-Radi, told “Economy News”, “The existence of the Association of Iraqi private banks at the Baghdad International Book Fair is very distinctive for the financial support to make the exhibition successful,” adding that “banks participating in the exhibition Offering its distinguished and high-end services to the participating public, which aims at developing the economy. “

“The participation of the banking sector in the book fair is an excellent addition during the current session because it contributes to educating the public through the services it provides.”

While, the director of sales in Rafidain Bank, Rami Nizar, told “Economy News” that “the participation of Iraqi banks, specifically Rafidain Bank, is effective because it educates the masses on banking services, especially those of interest to the segments of employees and the poor,” explaining that “the turnout is very large on the wing Banks began to increase as a result of services provided.

“The participation of private banks in the book fair is very important because it comes in the stage of construction and reconstruction of that public needs small and medium loans provided by private banks,” said the director of marketing in the Union Bank, Hamid Abdul-Sajid, “Economy News”, noting that “banks Special support of Iraqi culture and this is why we are at the book fair. “

He pointed out that “the banking sector is one of the elements of strength in the Iraqi economy and we began to develop banking services, which made the public accept on our side.”


Justice announces the end of all checks for the publication of the budget law in the Official Gazette

Editorial Date: 2018/3/29 16:58 • 111 times read
The Ministry of Justice announced the end of all checks for the publication of the budget law in the Official Gazette.
“The ministry is in the final stages of preparing the special edition of the Official Gazette [the Iraqi facts], which will be published in the budget law of 2018 in the extension of the legal period and without the approval of the President of the Republic,” Justice Minister Haider Zamili said in a press statement, As the Iraqi Department of the facts issued and each year a special edition of the budget law. ”
He added that “the Iraqi facts department in the ministry has completed all the textual checks necessary for publication and will be held a joint meeting with representatives of the Ministry of Finance to audit the tables listed in the law and according to the regulations of the publication of the budget law every year.”
The Presidency of the Republic has directed, on Thursday, to send the budget law for the year 2018 to the Ministry of Justice for publication in the Official Gazette.