UN says Barzani “joyous news”

 

The leader of the Kurdistan Democratic Party (KDP), Massoud Barzani, received Monday in Salahuddin Jinin Hines Balashkart, the special envoy of the UN Secretary-General in Iraq.

During the meeting, they discussed the political situation and the latest developments on the level of Iraq and the region, and highlighted the political process in the Kurdistan Region.

The special envoy of the Secretary-General of the United Nations, described steps to accelerate the political process and the election of the President of the Territory and the formation of the territorial government news “joyous” to all parties.

The situation in the areas covered by Article 140 of the Iraqi Constitution, the relations between Arbil and Baghdad, and the role of the United Nations in helping the two sides to address the problems between them, were other hubs in that meeting.

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Kuwait Finance Signs Agreement to Avoid Double Taxation with Iraq

 

Political | 04:47 – 13/05/2019

BAGHDAD ( 
Reuters) – Kuwait’s finance ministry announced on Monday its signature and its Iraqi counterpart an agreement to avoid double taxation and prevent financial evasion in terms of taxes on income and capital. 
“The agreement includes several advantages related to exemptions and tax cuts on investments or business, whether in Kuwait or Iraq,” the Kuwaiti Finance Ministry said in a press release. 
“The agreement signed by the Kuwaiti side, Undersecretary Saleh Al-Sarawi and his Iraqi counterpart Dr. Maher Johan, aims to remove the financial obstacles that can restrict the movement of capital and trade between the two countries.
It is noteworthy that the agreement was signed on the sidelines of the meetings of the seventh session of the Kuwaiti-Iraqi High Joint Committee, hosted by Kuwait on May 11 and 12, under the chairmanship of the Deputy Prime Minister and Foreign Minister of Kuwait Sabah al-Khalid al-Hamad al-Sabah and Iraqi Foreign Minister Mohammed al-Hakim.

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