Kurdistan: We are continuing dialogue with Baghdad to agree on the delivery of oil revenues to border crossings

November 05, 2020 22:00

The number of readings 26

Section : Iraq

Baghdad / Al-Masalla: The spokesperson for the Vice President of the Kurdistan Regional Government, Samir Hawrami, confirmed, Thursday, November 5, 2020, the continuation of dialogues between the region and the federal government in Baghdad regarding Kurdistan’s dues, and the money it owed from oil revenues and border crossings to the federal government in the first official response to statements Finance Minister Ali Allawi last Wednesday.

Samir Hawrami said, in an interview followed by the obelisk, that the Kurdistan region is open and continuous dialogue with Baghdad and is ready to reach an agreement regarding the delivery of oil and the revenues of the outlets, provided that a comprehensive agreement is reached that guarantees the full salaries and allocations for employees.

He added that the Kurdistan region has not refrained from delivering oil or the revenues of the outlets, and dialogues and technical delegations are still reaching each other, indicating that the 2021 budget agreement will determine the percentage that the region delivers in return for the sums that Baghdad sends and Kurdistan’s share of the budget.

He pointed out that the region applied the full details of the temporary agreement, which stipulated sending 320 billion dinars per month allocated to the salaries of employees, indicating that the sums sent from Baghdad are not sufficient to pay half the salaries of employees, and the region now needs up to 890 billion dinars, and in light of the low oil prices, it cannot Commitment to distribute salaries without assistance from the federal government.

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The Cabinet Secretariat announces the date of the first conference of donor countries for the reconstruction of liberated areas

63 Sweeteners 11/05/2020 21:54

Baghdad today – Baghdad 

Today, Thursday, the General Secretariat of the Council of Ministers announced the date for the first conference of donor countries to reconstruct areas liberated from terrorism, as part of the government’s efforts to return all displaced people in the country’s regions to their cities and villages, and to close all camps.

The spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, said in an interview with (Baghdad Today), “Next week will witness the convening of a conference of donor countries for the liberated areas, under the auspices of the General Secretariat of the Council of Ministers, and in the presence of the United Nations Development Program in Iraq, based on the government’s direction Al-Iraqiya, regarding the return of all displaced people to their areas, and the closure of all camps, as well as the prime minister’s continuous assurances to close this file.

Majeed added, “Ambassadors of donor countries will be among the attendees, in addition to the governors of the liberated provinces, Nineveh, Anbar, Diyala, Kirkuk and Salah al-Din.”

He explained, “The conference will deal with a presentation of what has been accomplished by the development program and donor countries during the years 2015-2020, and what it will present during the next three years, after the government agreed to extend the program’s work until 2023, after achieving its contribution to the return of 4.7 million displaced people. And supporting stabilization efforts in the liberated areas. ”

The spokesman for the General Secretariat of the Council of Ministers indicated that “the conference will also discuss the mechanism of rehabilitating liberated areas and restoring basic infrastructure and services.”

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A banking meeting discusses the banking reality in the shadow of the Corona pandemic and the financial crisis

Banks

The Iraqi Private Banks Association held a meeting for the managers of the commissioners of banks operating inside the country, to discuss the banking reality and the challenges facing banks in light of the Corona pandemic and the financial crisis.

The head of the Iraqi Private Banks Association, Wadih Al-Handal and the advanced cadre of the Association, met with a number of private bank commissioner directors and there will be multiple meetings with banks in the coming days.

Al-Handal said during the meeting, that the Association of Private Banks and Banks is working to implement the vision of the Central Bank in promoting the banking reality inside the country, spreading the concept of financial inclusion and increasing citizens’ confidence in the banking sector, explaining that private banks seek to strengthen the relationship with the central bank and implement its decisions that serve the banking sector. .

He stressed that the partnership between the Central Bank and the Association of Private Banks will reflect positively on the banking business, noting that the upcoming challenges are consistent with the vision of the banking sector in implementing the white paper that will serve the economy.

Al-Handal noted that the banking sector is able to expand its services, especially after seeing the reform paper by withdrawing the funds hoarded in homes and placing them in banks and investing them in financing investment projects.

On the other hand, bank directors welcomed, during the meeting, the steps taken by the central bank recently, in line with the development of the economy.

https://economy-news.net/content.php?id=22562

Al-Kazemi: The current economic crisis is prompting us to think of a future that does not depend on oil

money and business

Economy News _ Baghdad

The Prime Minister, Mustafa Al-Kazemi, inaugurated this morning, Thursday, a gas tower, which is the largest in the gas industry, which was implemented in the Basra Gas Company.

Al-Kazemi said during the inauguration of the tower, “The project will bring about a new policy for long-term development for Iraq and for Basra Governorate, which deserves a lot from us.”

He explained that the partnership between Iraqi institutions and sober international companies is an ideal way to advance the Iraqi economy and provide job opportunities for young people serving the country.

Al-Kazemi indicated that the economic crisis that the country is going through prompts us to think about the future and build a solid, real economy that does not depend entirely on oil, in order to achieve a better life for all Iraqis.

Al-Kazemi arrived in Basra Governorate this morning, and he will meet with a number of officials in the province and inspect a number of vital sites there.

https://economy-news.net/content.php?id=22558

The Central Bank and international organizations discuss mechanisms to enhance financial inclusion

Central Bank of Iraq logo

Banks

Economy News – Baghdad

The Central Bank of Iraq announced the organization of a workshop to prepare a strategy for financial inclusion in Iraq, in cooperation with the World Bank.

The Central Bank said in a press statement received by Al-Iqtisad News, “ In cooperation with the Central Bank of Iraq, the World Bank organized a workshop to discuss steps for preparing a financial inclusion strategy in Iraq and the requirements for international support, as well as the role of partners from the public and private sectors in developing and implementing it, within the directions of the Central Bank Iraq in the transformation towards financial inclusion and the development of the financial and banking sector, and the initiative of the Arab Monetary Fund to strengthen this strategy in the Arab countries .

He added that the workshop comes within the framework of the Arab Financial Inclusion Initiative organized by the Arab Monetary Fund in cooperation with the Global Alliance for Financial Inclusion and the German Organization for International Development, where the workshop discussed the importance of collecting data on financial inclusion indicators from the supply and demand sides .

According to the statement, the workshop was attended by a number of representatives of banks and payment companies, heads and members of the sub-committees emanating from the Supreme Committee for Financial Inclusion . , Explaining that the Central Bank of Iraq has taken a number of measures in recent years to enhance financial inclusion, which contribute to facilitating the preparation of this strategy .

https://economy-news.net/content.php?id=22548

The President of the Republic ratifies the election law

Politics

Barham Salih

Election law

2020-11-05 06:37

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Shafaq News / The President of the Republic, Barham Salih, approved, on Thursday, the election law that the parliament voted earlier.

The Presidency of the Republic announced that Saleh will deliver a speech to him this afternoon during his ratification of the law.

Yesterday, Wednesday, Deputy Speaker of the Iraqi Parliament, Bashir Khalil Al-Haddad, confirmed that passing the election law and its appendix would pave the way for passing the Federal Court law.

And Hassan Al Kaabi, First Vice President of the Iraqi Council of Representatives, signed the first Tuesday on the amended version of the Iraqi election law, to be sent to the Presidency of the Republic for approval.

The Iraqi Council of Representatives (Parliament) completed the end of last October to vote on electoral districts in the legislative elections law.

According to the new election law, the distribution of electoral districts is as follows: 17 in Baghdad, 8 in Nineveh, 6 in Basra, 5 in Dhi Qar and Sulaymaniyah, 4 in Babylon, Anbar, Arbil and Diyala, and 3 each in Kirkuk, Najaf, Salah al-Din, Dahuk, Diwaniyah, Karbala and Wasit And Maysan, and two seats in Muthanna.

The article on electoral districts was the most prominent controversial paragraph between the political blocs, and it took months to agree on it.

And relies on the new election law to organize early parliamentary elections on the sixth of next June.

The Iraqi Prime Minister, Mustafa Al-Kazemi, announced (06-08-2020) that the parliamentary elections will be held on   June 6 , 2021, pledging to provide international monitoring of the electoral process.

Al-Kazemi’s announcement of the election date was greeted by an international welcome and a pledge of support, and work on its success, but the positions of the political blocs are still vague and divided about the date and mechanisms for holding the elections.

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