Al-Kaabi: Parliament will vote on Thursday on the borrowing law and the launch of salaries on the same day

Time: 11/09/2020 23:11:39

(Baghdad: Al Furat News) The head of the Badr Parliamentary Bloc, Hassan Shaker Al-Kaabi, announced that the House of Representatives will vote on the borrowing law next Thursday, while he confirmed the distribution of salaries on the same day of the vote.

Al-Kaabi said {to Euphrates News} that “Parliament will vote on the borrowing law next Thursday, and the salaries of employees will be released on the same day,” stressing “the need to find immediate and quick solutions, especially in the issue of salaries, and that Prime Minister Mustafa Al-Kazemi will not persuade the Iraqi people on the pretext of receiving their legacy.” Heavy “. 

He added that “the borrowing law includes unclear matters such as a trillion and a half trillion dinars for emergency purposes, as Al-Kazemi demanded with the exception of the second and third paragraphs and their blurring with the fourth paragraph of the law, which includes keeping loans open and others, so Parliament stressed that the loan should be directed to salaries only.”

Regarding the move to dismiss the Speaker of Parliament, Muhammad Al-Halbousi, Al-Kaabi explained, “This move is not born today, and it is a struggle within the Sunni component,” denying “the support for the dismissal by the Al-Fateh Alliance and the Badr bloc, nor a special agreement on the matter.”

Commenting on the Shiite trend to dismiss Al-Kazemi, Al-Kaabi said, “Early elections need security and political stability, so how do we go towards changing the prime minister?”, Stressing that “the Shiite blocs are far from thinking about this issue at the present time, and there is no direction for the Shiite component to replace.” Al-Kazemi. ”

He continued, “So far, some Sunni blocs are seeking to dismiss Al-Halbousi, but they have not received two reassurances until the moment, and he ruled out that the preachers get half plus one.”

Al-Kaabi also stated, “The change in the election law came after the calls of the masses and the religious reference, but keeping the previous electronic card will keep fraud persistent. As for dividing electoral districts into 82 districts in Iraq, it allows many young people the freedom to run, and the biometric system will reduce fraud.” The importance of broad participation. ”  

At the conclusion of the statement, the head of the Badr Parliamentary Bloc indicated that “the next change is in the hands of the street, which is responsible for changing the political map,” ruling out “holding the elections on the specified date {6 June 2021}, after the parliament’s mistake in dismissing the directors of the technical departments of the High Electoral Commission.” .

Wafa Al-Fatlawi

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Minister of Planning: We will start implementing the Iraqi-Chinese agreement in the next two days

Time: 11/09/2020 21:27:22

{Baghdad: Al Furat News} The Minister of Planning, Najm Battal, announced that the government will start in the next two days the implementation of the Iraqi-Chinese agreement.

“The Iraqi-Chinese agreement was delayed due to the events of the Corona virus, but it did not stop, and the talks moved from discussions to implementation, and we will soon announce the start of implementation with it,” Battal said in a press statement.

He added, “We will announce some of the agreement’s programs during the next two days and the steps to activate them, which began with the era of the government of Haider al-Abadi and were completed by the government of Adel Abdul Mahdi, and today it is in the process of implementation,” noting that “the agreement with China will start with building schools and have utmost importance, housing, infrastructure, roads and education.”

Battal denied “the existence of an Iraqi-Egyptian agreement, which is not a substitute for the Chinese agreement,” affirming that “the work of the Iraqi-Saudi Coordinating Council will continue.”

Revealed ”

“We have hundreds of projects that are stalled, and some of their value is equal to zero due to their stoppage, and we are looking for resources to complete them in the form of an investment, loan or” disclosure “grant. We have 6225 projects that require completion of up to 140 billion dollars, some of them are out of service and others have been liquidated.”

He stressed that “Project number one {schools} was spent 60% of the funds and 80% of the funds were not completed, and the current government is working on solving problems. A current committee was formed to build a thousand schools and the other file was hospitals, and we treated 24 hospitals in this government that were suspended.”

The Minister of Planning said, ”

Battal pointed out that “the contractors’ debts owed by the government amount to 2 trillion and 980 billion dinars,” noting that “some contractors have committed suicide and some are in prison.”

He continued, “We have taken a decision on foreign employment, and the Iraqis have risen 80%,” noting that “the number of foreign workers has exceeded one million workers, and there are others who are not officially registered.”

Ammar Al-Masoudi

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Iraqi official: The opening of the Arar border crossing with Saudi Arabia next week

Secretary General of the Iraqi Council of Ministers, Hamid Al-Ghazi

09 November 2020 05:48 PM

Mubasher: The Secretary-General of the Iraqi Council of Ministers, Hamid Al-Ghazi, set today, Monday, the date for the opening of the Arar border crossing with the Kingdom of Saudi Arabia.

The spokesman for the secretariat, Haider Majeed, according to the Iraqi News Agency (INA), said that the Secretary-General of the Council of Ministers confirmed that the opening of the Arar border crossing during the next week, after the completion of the rehabilitation process, and the resumption of trade exchange between Iraq and Saudi Arabia.

Majeed added, according to Al-Ghazzi, that the rehabilitation process included the establishment of trade exchange and electronic portals.

Majeed explained that the meeting of the Coordination Council between the Iraqi and Saudi sides for tomorrow, via closed-circuit television, will include discussing the subcommittees emanating from the Council, signing it, approving it and turning it from paper to reality.

The spokesman for the Secretariat of the Council of Ministers indicated that a number of stalled vital projects in Iraq, which have reached advanced completion rates, will be funded through the Kuwait International Conference in Support of Iraq, and will be funded by the Saudi side.

He pointed out that a branch of the Iraqi Commercial Bank will be opened in Saudi Arabia, stressing that the agreements will contribute to the development of the Iraqi economy and expansion in all fields, which will contribute to attracting competencies and manpower.

Yesterday, Sunday, a Saudi ministerial delegation headed by the Minister of Environment, Water and Agriculture, Abdul Rahman Al-Fadhli, began an official visit to the Republic of Iraq.

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Parliamentary finance, good news for salary disbursement

Economy

breaking

Borrowing Act

Salaries

2020-11-09 09:43

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Shafaq News / The Finance Committee in the Iraqi Parliament announced, on Monday, that the salaries of employees will be spent next week after the passage of the borrowing law within the Council.

“The Finance Committee has met with the Prime Minister, the Minister of Finance, the Governor of the Central Bank and the Minister of Planning, and the borrowing law will be voted on next Thursday,” said Mahasin Hamdoun al-Dali, a member of the Nineveh Finance Committee.

“The salaries will be disbursed next week,” she added.

In turn, a member of the Finance Committee, Majed Al-Waeli, said in a tweet to him, which was seen by Shafaq News Agency, “The meeting of the Finance Committee with the Prime Minister, the Ministers of Finance and Planning, the Governor of the Central Bank and the advanced staff in the Ministry of Finance included putting forward the ideas of the Financial Committee to address the current crisis and it has received great attention by Prime Minister”.

Al-Waeli clarified that “the prime minister instructed to hold a monthly meeting with the Finance Committee to implement the proposals.”

He pointed out, “The committee’s objection to the principle of borrowing, and if necessary, the government therefore, the required number is not approved by the committee,” noting that “his committee requested the start of salary distribution with the available cash liquidity.”

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Al-Rasheed and Al-Rafidain confirm their ability to meet the requests of loans and advances

Banks

Economy News _ Baghdad

The director of Rasheed Bank, Basem Abd Ali, confirmed the bank’s ability to meet all loan requests from local currency, especially employee advances.

He said in a statement reported by Al-Sabah newspaper and seen by Al-Iqtisad News, that “the bank’s branches are witnessing a great turnout for the purpose of credit.

For his part, Director of Al-Rafidain Bank, Hussein Ali, revealed that there is a tendency to support and finance “new and stalled” strategic projects.

Ali said that Al-Rafidain “decided to grant interest in advance to fixed deposits deposited by citizens for different periods of time,” in addition to working to “reduce interest on all advances and loans granted to citizens and employees.”

https://economy-news.net/content.php?id=22575

Central Bank Governor meets with his Saudi counterpart in Baghdad

Banks

 Economy News – Baghdad

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhaif, met with his counterpart, the Governor of the Saudi Arabian Monetary Agency, Dr. Ahmed bin Abdul Karim al-Khulaifi, and the meeting, which included a high-level delegation from both sides, concluded discussions in the field of monetary and banking policies between the two countries .

In an opening speech, the Governor of the Central Bank of Iraq emphasized the possibility of resuming the training of the employees of the Central Bank at the Saudi Arabian Monetary Agency as well as discussing the developments of the opening of the Iraqi Trade Bank (TBI) branch in the Kingdom of Saudi Arabia and the possibility of increasing a number of Iraqi banks in Saudi Arabia to exchange practical experiences. The two sides discussed developments in the agreement to avoid double taxation between the two countries .

For his part, the Governor of the Saudi Arabian Monetary Agency called for strengthening the relationship between the two countries, especially in the banking sector, pointing out that Iraq is a good arena for financial dealings, expressing his readiness to open more horizons of cooperation in various fields between the two countries .

 https://economy-news.net/content.php?id=22607

KRG PM BARZANI STARTS EUROPEAN TOUR TO DISCUSS DIPLOMATIC TIES

Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani (File)

3 Hours ago

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SULAIMANI — The Kurdistan Regional Government’s (KRG) Department of Media and Information said that Barzani, along with a high-level delegation, commenced an official European tour on Monday (November 9) to meet with senior officials in several European countries.

According to a statement released by the department, the KRG premier will discuss the development of the diplomatic relations between the Kurdistan Region and the European countries, especially in the field of economy.

It added that the KRG will try to benefit from the skills and capabilities of the countries to improve economy, develop investment, and to strengthen the Region’s economic infrastructure.

The statement did not reveal how many or which European countries he will visit during his trip.

(NRT Digital Media)

nrttv.com

Prime Minister Spokesman: To vote on the borrowing law next Thursday

11/9/2020 14:09

The number of readings 47

Section : Iraq

Baghdad / Al-Masala: The spokesman for the Prime Minister, Ahmed Mulla Talal, said, Monday, November 9, 2020, that a positive atmosphere prevailed in the meeting that brought Al-Kazemi together with the head of the Parliamentary Finance Committee, Haitham Al-Jubouri, with the aim of voting on the draft law on financing the fiscal deficit.

Mulla Talal said in a tweet on Twitter, that a positive atmosphere prevailed over a sense of shared responsibility, which prevailed the Prime Minister’s meeting, Mr. Mustafa Al-Kazemi, with the Chairman and members of the Parliamentary Finance Committee.

He added that the employee’s strength and the need to secure it quickly was a common concern, and we look forward to voting on a law to cover the fiscal deficit next Thursday to start launching employees’ salaries.

The House of Representatives, represented by the Parliamentary Finance Committee, gave the green light to the government to disburse and release the salaries of employees.

The reporter of the Finance Committee, Ahmed Al-Saffar, said in an interview with the media, which was followed by Al-Masalla, that the meeting with Prime Minister Mustafa Al-Kazemi and Minister of Finance Ali Allawi witnessed dialogue and discussion on the draft law on financing the financial deficit and salaries.

He added that during this week, we will pass the borrowing law and the government will start distributing salaries, likely to vote on borrowing on Wednesday or Thursday of this week.

He continued: We agreed during the meeting to release salaries and Parliament, in turn, pledged to pass the law, but not with the amount requested by the government, “41 trillion dinars,” but rather we will focus on the necessities and possible postponement of another until the 2021 budget.

The number of beneficiaries of retirement salaries in Iraq is two and a half million, while there are approximately six million government employees in Iraq.

The Ministry of Finance needs about seven trillion dinars per month to pay the salaries of 6.5 million employees, in addition to retirement pensions and social care, and to secure government expenditures such as paying loans and other expenses.

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