The Minister of Finance discusses joint cooperation with the delegation of the Saudi Coordination Council

08/11/2020

 

Baghdad / Al-Mawred News

On Sunday, Finance Minister Ali Abdul-Amir Allawi discussed joint cooperation with the delegation of the Saudi Coordination Council.

The media office of the Minister of Finance said in a statement, “The Minister of Finance received today a delegation of the Saudi Coordination Council, which will begin holding its meetings in the capital, Baghdad.”

He added, “The minister welcomed at the beginning of the meeting the Saudi delegation, and some issues were discussed in the field of economy, investment and bilateral agreements with Saudi Arabia.”

The media office added that “during the meeting, reports of a number of economic, trade, investment and development committees were presented, which aim to strengthen bilateral relations between the two countries and open prospects for cooperation in a number of important areas that will have positive effects on the volume of joint cooperation.”

https://almawrid.news/contents/view/details?id=21053

With a value of 21 trillion dinars to pay salaries and expenses … An early date for the passage of the borrowing law

500 Policy 2020/11/08 18:25

Baghdad Today – Baghdad

Predicted a member of the parliamentary economic committee Ali al – Lami, Sunday (November 8, 2020 “, to pass a law to borrow this week, as he pointed out that expenditures will be reduced to up to 21 trillion dinars instead of 41 required from the government.

Al – Lami said in an interview (Baghdad today ), “The borrowing law will be passed in next Thursday’s session for a vote, but the law contains many paragraphs that need to be amended.”

He added, “An expanded meeting was held between the financial and economic committees with the aim of reducing the volume of loans, which we consider exaggerated.”

Al-Lami added, “The amounts of expenditures will be compressed from 41 to 21 trillion dinars, and despite this reduction, it is still harmful to the national economy.”

Earlier, the Finance Committee held a meeting, on Sunday (November 8, 2020), to discuss the fiscal deficit financing law presented by the government after it was delayed by sending the federal budget law for 2020 according to a parliamentary statement.

The head of the Finance Committee, MP Haitham Al-Jubouri, stressed during the meeting, according to a statement by the media department of the Council, on the importance of the government continuing to pressure the amount of borrowing and limiting it to the necessary expenditures such as salaries of employees and retirees, social welfare network dues and farmers, medicines to confront the Corona pandemic and the ration card, as well as allocating an amount of the loan. For investment projects for the purpose of advancing the Iraqi economy and providing job opportunities for unemployed youth.

During the meeting, members of the Finance Committee reviewed, “the data and tables provided by the Ministry of Finance, which included details of the amount of borrowing mentioned in the Fiscal Deficit Financing Law, as well as discussing the white paper presented by the government regarding reforms to the Iraqi economy.”

The Finance Committee stated that it “formed a sub-committee specialized in preparing a paper for economic and financial reform that included the committee’s visions and ideas on maximizing non-oil state revenues, diversifying the Iraqi economy, reviewing the monetary policy and the currency selling window, as well as taking actual measures towards customs automation to eliminate corruption hotspots and collect Electricity. ”

The Finance Committee decided according to the statement.

https://baghdadtoday.news/ar/news/136882/%D8%A8%D9%82%D9%8A%D9%85%D8%A9-21-%D8%AA%D8%B1%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D9%84%D8%AF

Al-Kazemi opens the doors to Saudi investment companies and announces facilities

Economy

breaking

Saudi

Al-Kazemi

Invest in Iraq

2020-11-08 08:37

A- A A +

Shafaq News / The Prime Minister, Mustafa Al-Kazemi, received on Sunday the members of the Iraqi-Saudi Coordinating Council, which is holding its meetings in the capital, Baghdad, to discuss the implementation plans for the agreements and memoranda of understanding signed between the two countries.

Al-Kazemi stressed the importance of holding these meetings, which lead to the development of bilateral relations between Baghdad and Riyadh, and enhance the prospects for joint cooperation in various fields, in a way that achieves the interests of the peoples of both countries.

And he indicated that investment opportunities are available to Saudi companies, stressing the government’s endeavor to overcome all obstacles facing companies that want to invest in Iraq. He also explained the importance of activating some joint projects between the two countries within the framework of the Arab League, as well as developing work in the oil market.

A Saudi delegation arrived in Baghdad on Sunday morning to hold a meeting of the Iraqi-Saudi committee, and the delegation included officials from the ministries of energy, electricity, oil, industry, environment and a number of important Saudi companies.

https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%A7%D9%84%D9%83%D8%A7%D8%B8%D9%85%D9%8A-%D9%8A%D9%81%D8%AA%D8%AD-%D8%A7%D9%84-%D8%A8%D9%88%D8%A7%D8%A8-%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%88%D9%8A%D8%B9%D9%84%D9%86-%D8%AA%D8%B3%D9%87%D9%8A%D9%84%D8%A7%D8%AA

A meeting between Al-Kazemi and the Saudi monarch via satellite

Politics

breaking

The Saudi monarch

Al-Kazemi

2020-11-08 08:35

A- A A +

Shafaq News / An Iraqi government source said, on Sunday, that a meeting was held between Prime Minister Mustafa Al-Kazemi and the Saudi King via satellite.

The source told Shafaq News Agency, “Al-Kazemi will meet with Saudi King Salman bin Abdulaziz Abdul, a television circle, as part of the visit program of the Saudi delegation that arrived in Baghdad today, Sunday.

The Saudi delegation arrived in Baghdad this morning, Sunday, to hold a meeting of the Iraqi-Saudi committee.

The delegation includes officials from the ministries of energy, electricity, oil, industry, environment and a number of important Saudi companies.

Today, Sunday, Oil Minister Ihsan Abdul-Jabbar affirmed the government’s keenness to strengthen bilateral relations with Saudi Arabia in all fields, including economic and investment, in a way that serves common interests.

This came on the sidelines of the launch of the work of the Iraqi-Saudi committee in the capital, Baghdad.

https://shafaq.com/ar/%D8%B3%DB%8C%D8%A7%D8%B3%D8%A9/%D9%84%D9%82%D8%A7-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D9%83%D8%A7%D8%B8%D9%85%D9%8A-%D9%88%D8%A7%D9%84%D8%B9%D8%A7%D9%87%D9%84-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D8%B9%D8%A8%D8%B1-%D8%A7%D9%84-%D9%82%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9

Parliament’s finances meet and come up with a position on the amount of government proposed borrowing

201 Policy 11/8/2020 17:00

Baghdad Today – Baghdad

The Finance Committee held a meeting, on Sunday (November 8, 2020), to discuss the fiscal deficit financing law presented by the government after it was delayed by sending the federal budget law for 2020.

The head of the Finance Committee, MP Haitham Al-Jubouri, said during the meeting, according to a statement by the media department of the Council, on “the importance of the government continuing to squeeze the amount of borrowing and limit it to the necessary expenses such as salaries of employees and retirees, social welfare network dues and farmers, medicine to confront the Corona pandemic and the ration card, as well as allocating an amount of the loan.” For investment projects for the purpose of advancing the Iraqi economy and providing job opportunities for unemployed youth.

The members of the Finance Committee reviewed during the meeting, “the data and tables provided by the Ministry of Finance, which included details of the amount of borrowing mentioned in the Fiscal Deficit Financing Law, as well as discussing the white paper presented by the government regarding reforms to the Iraqi economy.”

The Finance Committee indicated that it “has formed a sub-committee specialized in preparing a paper for economic and financial reform that included the committee’s visions and ideas on maximizing non-oil state revenues, diversifying the Iraqi economy, reviewing the monetary policy and the currency sale window, as well as the government taking actual measures towards customs automation to eliminate corruption hotspots in it.” Electricity collection. ”

The Finance Committee decided to “reconsider the amount of the large borrowing and not to burden the state with debts and to limit the loan to the necessary expenditures, in addition to directing it to a letter to the Presidency of the Council of Ministers regarding providing it with the final accounts for the year 2012-2013.”

https://baghdadtoday.news/ar/news/136884/%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D8%AA%D8%AC%D8%AA%D9%85%D8%B9-%D9%88%D8%AA%D8%AE

Parliament’s finances meet and come up with a position on the amount of government proposed borrowing

201 Policy 11/8/2020 17:00

Baghdad Today – Baghdad

The Finance Committee held a meeting, on Sunday (November 8, 2020), to discuss the fiscal deficit financing law presented by the government after it was delayed by sending the federal budget law for 2020.

The head of the Finance Committee, MP Haitham Al-Jubouri, said during the meeting, according to a statement by the media department of the Council, on “the importance of the government continuing to squeeze the amount of borrowing and limit it to the necessary expenses such as salaries of employees and retirees, social welfare network dues and farmers, medicine to confront the Corona pandemic and the ration card, as well as allocating an amount of the loan.” For investment projects for the purpose of advancing the Iraqi economy and providing job opportunities for unemployed youth.

The members of the Finance Committee reviewed during the meeting, “the data and tables provided by the Ministry of Finance, which included details of the amount of borrowing mentioned in the Fiscal Deficit Financing Law, as well as discussing the white paper presented by the government regarding reforms to the Iraqi economy.”

The Finance Committee indicated that it “has formed a sub-committee specialized in preparing a paper for economic and financial reform that included the committee’s visions and ideas on maximizing non-oil state revenues, diversifying the Iraqi economy, reviewing the monetary policy and the currency sale window, as well as the government taking actual measures towards customs automation to eliminate corruption hotspots in it.” Electricity collection. ”

The Finance Committee decided to “reconsider the amount of the large borrowing and not to burden the state with debts and to limit the loan to the necessary expenditures, in addition to directing it to a letter to the Presidency of the Council of Ministers regarding providing it with the final accounts for the year 2012-2013.”

https://baghdadtoday.news/ar/news/136884/%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D8%AA%D8%AC%D8%AA%D9%85%D8%B9-%D9%88%D8%AA%D8%AE

Al-Rasheed decides to increase the number of withdrawals of MasterCard outlets

Time: 11/08/2020 12:11:45

{Al Furat News: Baghdad} Al Rasheed Bank revealed, on Sunday, that the withdrawal of Master Card outlets has increased to be (5) five withdrawals per day.

The bank’s media office said in a statement that the Euphrates News Agency received a copy of it, that it had been decided to “increase the withdrawal of Master Card outlets to be (5) five withdrawals per day at a rate of (100) million (one hundred million dinars) for one withdrawal.”

The statement indicated that the instructions included that the owner of the outlet has a current account in the bank, calling on all the owners of the outlets to withdraw the amounts necessary to cover the salaries of retirees and employees.

Hazem 

https://alforatnews.com/news/%D8%A7%D9%84%D8%B1%D8%B4%D9%8A%D8%AF-%D9%8A%D9%82%D8%B1%D8%B1-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%B9%D8%AF%D8%AF-%D8%B3%D8%AD%D8%A8%D8%A7%D8%AA-%D9%85%D9%86%D8%A7%D9%81%D8%B0-%D8%A7%D9%84%D9%85%D8%A7%D8%B3%D8%AA%D8%B1-%D9%83%D8%A7%D8%B1%D8%AF

General Electric completes four electrical stations in three governorates

energy

Economy News _ Baghdad

The Director of Operations at General Electric Company for Power Network Solutions in Iraq and the Gulf, Muhammad Bnoudi, announced, on Sunday, that the coming weeks will witness the introduction of four substations in three governorates.

In a statement received by Al-Eqtisad News, Bennoudi said, “These stations were distributed in two in the capital, Baghdad, and one in each of Basra and Karbala,” indicating that the company’s teams continue to work with the support of the Ministry of Electricity’s cadres and the supporting Iraqi companies in light of the Corona pandemic, taking The highest safety standards to maintain our employees and staff working on substation projects.

The Director of Operations at General Electric added, “These four stations will contribute to the distribution of electricity from the producing stations to the cities and will work to break bottlenecks and increase the stability of the network, which will positively affect the increase in the hours of supplying electrical energy.”

Bennoudi indicated that “the teams are continuing to work on five other substations, two in Mosul and one in each of Karbala, Salah al-Din and Anbar, as they will be brought into operation during the next year to be ready to distribute energy during the hot summer months in Iraq.”

https://economy-news.net/content.php?id=22588

Iraq is looking forward to new projects with Saudi Arabia in the field of electricity and gas investment

energy

Economy News _ Baghdad

On Sunday, Oil Minister Ihssan Abdul-Jabbar affirmed the government’s keenness to strengthen bilateral relations with Saudi Arabia in all fields, including economic and investment, in a way that serves common interests.

This came on the sidelines of the launch of the work of the Iraqi-Saudi committee in the capital, Baghdad.

Abdul-Jabbar said in a statement received by “Al-Eqtisad News”, that “this meeting comes in continuity with previous meetings between brothers, through which we aim to activate memoranda of understanding on the ground, as well as to promote this in new projects in the field of bilateral interconnection for electricity, petrochemical industry and gas investment.” And others, and we have seen from the Saudi side a real desire to cooperate and provide the necessary support. ”

On the one hand, Saudi Energy Minister Prince Abdulaziz bin Salman said through the television circuit, “the Kingdom’s keenness to develop and sustain relations with the brothers in Iraq and work to accelerate the implementation of bilateral cooperation projects in all fields.”

The head of the Saudi delegation, Minister of Industry Bandar bin Ibrahim Al-Khorayef, referred to “the importance of strengthening bilateral relations between the two brotherly countries, expressing his hope that the discussions would lead to promising joint investment projects in all fields.”

The Saudi delegation arrived in Baghdad this morning, Sunday, to hold a meeting of the Iraqi-Saudi committee. The delegation includes officials from the ministries of energy, electricity, oil, industry, environment and a number of important Saudi companies.

https://economy-news.net/content.php?id=22585

Iraq’s gold possession represents 8.5% of the rest of its other currencies

Market

Economy News _ Baghdad

The World Gold Council announced, on Sunday, that Iraq’s possession of gold represents 8.5% of the rest of its other currencies.

In November, the Council published a table of the world’s most recent gold holdings, which Shafaq News Agency reviewed that “Iraq has 96.3 tons of gold, which represents 8.5% of the rest of its other hard currencies,” indicating that “this percentage decreased compared to other currencies for the previous month, which was 8.8. % “.

She added that “the last purchase of gold for Iraq was in 2018, which amounted to 6,450 tons,” noting that “Iraq still maintains the fifth place in the Arab world and the 38th globally among the 100 countries listed in the table.”

The council noted that “the amount of gold holdings of countries amounted to 35.106 thousand tons. America is at the forefront of these countries with the most precious metal in the world, with an amount of 8,133 tons, followed by Germany, with an amount of 3,362 tons, and Italy comes third with 2,451 tons.”

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

https://economy-news.net/content.php?id=22578