Cabinet approves plan to increase economic growth by 7% and raise oil production to 6.5 million barrels per day


Session of the Council of Ministers
 money and business

Economy News Baghdad:

The cabinet on Sunday approved the five-year national development plan (2018-2022) to achieve economic growth of 7 percent and increase oil production by 6.5 million bpd.

The Cabinet, in a press statement received by “Economy News”, it “held on Sunday, its regular chaired by Prime Minister Haider Abadi,” explaining that “the Council approved the National Development Plan five-year (2018-2022), which is based on the main axes (good governance , Private sector, provincial reconstruction, poverty alleviation).

“The plan focuses on the promotion of productive sectors (agriculture and industry) that move the rest of the sectors to reach a target economic growth rate of 7%, increase production capacity in the crude oil sector to (6.5) million barrels per day, and provide sustainable employment opportunities Poverty reduction and many other paragraphs. “

Minister of Finance: A list of salaries will be announced according to the new salary savings system


– 4/1/2018 1:01:00 AM

957 Number of readings


The Minister of Finance in the Kurdistan Regional Government announced that during the next three days, the announcement of a new list of the distribution of salaries of employees under the new system of saving salaries.

The Minister of Finance in the Kurdistan Regional Government Ribaz Hablan told a press conference, the continuation of the distribution of salaries according to the revenues available to the ministry, noting that the Ministry of Natural Resources in the Kurdistan Regional Government secured part of the money that is now at the disposal of the Ministry of Finance.

The finance minister said the amount promised by the Ministry of Natural Resources has not yet reached 378 million dollars, which was agreed upon, adding that the ministry is waiting for the arrival of the second meal of money from Baghdad with the $ 25 million allocated by the United States to the Ministry of Peshmerga.

Decisions of the Council of Ministers for today

– 4/1/2018 10:10:00 a.m. AM

159 Number of readings

Khandan –

The Iraqi cabinet held its regular session on Sunday, chaired by Prime Minister Haider al-Abadi.

“The Council of Ministers hosted the members of the Board of Commissioners and the directors of the offices of the Independent High Electoral Commission in Baghdad and the provinces.

During the lengthy session to discuss the following: –

1. Preparations for the distribution of voter cards.

2. How to prevent the sale of cards or manipulate them (procedures and safeguards) and close all gaps.

3. Needs of the Electoral Commission.

4. The distribution of cards, especially in Nineveh, Anbar and Salahuddin governorates.

The Council of Ministers decided to confirm the competent authorities in coordination with the Electoral Commission for the elections to take the necessary legal measures against any person who is the process of selling and buying the electoral card or use of the person granted to him or the person to change the will of the voter or deliberately the person to vote in the name of others as they constitute crimes punishable by law For the purpose of punishing the legally sanctioned perpetrators of such crimes.

The Cabinet also approved the five – year National Development Plan (2018- 2022), which is based on the main axes (good governance, the private sector, reconstruction in the provinces, poverty alleviation), where the plan focuses on: – (

a) the promotion of sectors of production (agriculture and industry) Which moves the rest of the sectors to reach a target economic growth rate of 7%.

B – Increase production capacity in the crude oil sector to (6.5) million barrels per day.

(C) Providing sustainable employment opportunities, reducing poverty and many other paragraphs.

province of Arbil: the province is over .. The demonstration was attended by politicians

Twilight News

one hour ago

Twilight News / acknowledged the Director General of the education of Erbil, with the participation of political parties in the protests of recent teachers in the capital of the Kurdistan Region.

“Political parties – not named – did not leave teachers to demand their rights according to the law and even participated in their protest,” Beshdar Abdul Khaliq told reporters.

“Only 3 percent of the teachers boycotted the demonstration,

” he said.

And organized training and government officials demonstrations in several cities in Kurdistan to protest against the austerity measures followed by the provincial government since 2016, especially pay salaries after a financial crisis hit the region in 2014 as a result of the collapse of oil prices and cut Baghdad salaries paid to employees of Kurdistan.

However, the provincial government recently announced a broad amendment to the savings system and said it was working to abolish it completely


Likely to convene the parliament session tomorrow

01-04-2018 08:44 PM

The Euphrates –

A member of the House of Representatives Amer winner that no date has been set for the next parliament session likely to be on Monday.

Adding that in the event that it is not held tomorrow or during this week will not hold another session where the legislative term will end during this period and begin the election campaigns. Adding that the next session and according to the announcement by the Presidency of the Parliament earlier will include the completion of the procedures to question the ministers who were questioned and did not resolve the matter to ask the Council on the vote on confidence or not.

Kurdish source talking about a breakthrough in the crisis of salaries of the staff of the region .. Wait three days!

Policy  2018/04/01 21:13  218   Editor: en

Baghdad today – Arbil

Kurdish source revealed on Sunday, the date of the start of the distribution of salaries according to the new system announced by the Kurdistan Regional Government, while stressing that the decision will ease the pressure of demonstrations for the eighth day in a row, and the strike of cadres belonging to ministries of health and education always.

The source said in an exclusive interview (Baghdad today), “The meeting held by the Ministry of Finance in the Kurdistan government, today noon, discussed income and lists of employees in the region,” noting that “the meeting concluded the announcement of the beginning of the distribution of salaries of employees of Kurdistan, Reducing the savings ratio “.

He added that “the Ministry of Finance will begin to distribute the salaries of officials of the Ministries of Education and Health, as a first start to reduce the pressure of demonstrations for the eighth day in a row, and strike those cadres for the duration,” noting that “the distribution of salaries will be next Wednesday, those ministries, and will be followed by other ministries and departments “He said.

It is noteworthy that the demonstrations of medical and educational staff of the ministries of health and education in the Kurdistan region, has been ongoing for more than a week, where participants are demanding the abolition of the savings system in the mechanism of the distribution of salaries.

Kurdish source talking about a breakthrough in the crisis of salaries of the staff of the region .. Wait three days!

infallible receives an invitation to attend the next Arab summit in Dhahran

Twilight News

21 minutes ago

(AFP) – Iraqi President Fuad Masum received an official invitation to attend the upcoming Arab summit on Sunday.

“On Sunday, Fouad Masoum received a written message from King Salman bin Abdul Aziz Al Saud of the Kingdom of Saudi Arabia, which included his invitation to participate in the work of the 29th Arab Summit, to be held on the fifteenth of the month, Ongoing in the city of Dhahran, Saudi Arabia.

“The letter was delivered to the infallible Saudi Ambassador to Baghdad Abdul Aziz bin Khalid al-Shammari,” the statement said.


Iraq launches a donors’ form at the Kuwait conference to convert their pledges into action

The Financial Advisor to the Prime Minister announced the appearance of Mohammed Saleh that the General Secretariat of the Council waiting for the response of States and donors to a number of queries submitted by the Secretariat, in preparation for the beginning of the ages of all Iraqi provinces, especially liberated areas, which will be the priority in those grants.

Saleh said, “There is a permanent team in the Secretariat of the Council of Ministers began to transfer the pledges of States and international institutions and bodies wishing to provide grants and soft loans for the reconstruction of Iraq on the sidelines of the Kuwait Conference held recently, to actions by launching the (form contribution) All these countries, institutions and bodies, indicating that the form includes the size of the grants provided and the conditions of submission and the type of grant if the grant is refundable or long-term, as well as places of disbursement.

The Kuwait International Conference for the Reconstruction of Iraq, hosted by Kuwait from 12 to 14 February, was held with the participation of 76 countries, international and regional organizations, 51 development funds, 107 local, regional and international non-governmental organizations and 1850 private sector entities. Contributions and assistance needed for the reconstruction of Iraq, this broad momentum of investment and development partnerships for the reconstruction of Iraq resulted in the collection of $ 30 billion.


Vietnam’s foreign exchange reserves exceed 60 billion

March 31, 2018

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Knozemedia – Economy

Vietnamese Prime Minister Nguyen Xuan Fuk said Friday that the country’s foreign exchange reserves exceeded 60 billion dollars.

The country’s foreign exchange reserves have seen steady growth in recent years, supported by strong exports.

According to Reuters, “the government announced a trade surplus of 1.3 billion dollars for the first quarter of 2018.

“We are trying to improve the business environment in Vietnam and aim to make it one of the most positive and competitive business environments among ASEAN countries,” Fok said in a speech at a regional economic summit in Hanoi, referring to the Association of Southeast Asian Nations.

The prime minister reiterated that the government plans to reduce the corporate income tax rate to 15-17 percent from 20-22 percent now. ss

The Central Bank reviews the financial facilities of Rafidain Bank

Release date: 2018/4/1 8:06 • 179 times read


inspect the Governor of the Central Bank of Iraq, Ali Alaak, wing of the Rafidain Bank participating in the Baghdad International Book Fair.

The bank’s media office said in a statement received by the agency of all Iraq [where] a copy of it, “the relations was briefed during his visit to the pavilion of the bank on banking services provided by Rafidain citizens of loans and advances and the issuance of electronic payment tools in addition to other financial facilities.”

He pointed out that “the bank’s pavilion has witnessed a high turnout by citizens and officials because of its importance and economic prosperity to large segments of the citizens.”