The KRG delegation returns to Erbil after intense negotiations in Baghdad

The head of the Diwan of the Kurdistan Region Council of Ministers, Omid, said this morning, Tuesday, that the delegation of the regional government returned to Erbil after two days of intense negotiations in Baghdad.

This comes at a time when the federal government decided to spend part of the Kurdistan Region’s salaries at 400 billion dinars for the months of November and December.

According to the Iraqi government, the decision to exchange money comes based on the ministerial platform emanating from the political agreement between the political forces that formed the government.

“We are making efforts for Baghdad to send the 400 billion dinars to the Kurdistan Region before New Year’s,” Omid Sabah said in a telephone interview with Kurdistan 24.

Sabah, a member of the negotiating delegation, added that the disbursement of the amount represents “a good step and an important beginning to show goodwill in order to reach an agreement between Erbil and Baghdad.”

He pointed out that the delegation renewed during its negotiations the readiness of the Kurdistan Regional Government to implement the ministerial platform of the new Iraqi government and adhere to it to guarantee the constitutional rights and financial dues of the region.

Sabah confirmed that the negotiating delegation was able to work and negotiate “well”, based on the directives of the President of the Kurdistan Regional Government, Masrour Barzani.

He pointed out that the Kurdistan Regional Government addressed an official address regarding its demands to the Federal Ministry of Finance and the Ministerial Council of Economy, and there is a “good understanding” in this regard.

And he went on to say, “It is hoped to reach a common understanding at the earliest opportunity to decide on the share of the Kurdistan Region from the federal budget for the coming year.”

When he was asked about the oil and gas file, the head of the cabinet of the Kurdistan Region pointed out that earlier in the day the negotiating delegation held an “important meeting” with the Iraqi Oil Ministry in Baghdad.

“We agreed that there would be a transitional agreement that would pave the way for a final agreement… and search for common points that would contribute to drawing up a joint agreement to unify the oil and gas file for both sides,” he said.

Omid Sabah talked about the importance of the steps taken with regard to the two financial oversight bureaus of the region and Iraq, indicating that Baghdad approved all expenditures, revenues and staffing in the region “after auditing and follow-up.”


Settling and closing accounts… A new Iraqi talk about Kuwait’s compensation

political| 09:47 – 12/13/2022


Baghdad – Mawazine News,
the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the United Nations Special Committee for Kuwait Compensation is in the process of closing its accounts and liquidating all belongings during the next few days after Iraq fulfilled its obligations in full.
Salih said, “Iraq paid, at the end of December 2021, the full compensation approved by the UN Security Council following the Kuwait War in 1990, which was stipulated in UN Security Council Resolution No. 692 in 1991 establishing the United Nations Compensation Commission, and fulfilled its obligations in full.”
He added, “The total compensation paid by Iraq to Kuwait amounted to about $52.4 billion,” pointing out that “the United Nations Compensation Committee, which is based in Geneva, is in the process of closing its accounts and jobs and liquidating all belongings within the next few days, based on Resolution 2621, which It was adopted unanimously by the UN Security Council in February 2022, according to which it declared the termination of the mandate of the United Nations Special Committee on Compensation for Damages Resulting from the Kuwait War in 1990.
And he indicated that “the government of Iraq has fulfilled its international obligations to compensate for the losses and damages incurred in 1990.” Ended 29 / H

Al-Sudani Directs The Suspension Of Official Working Hours On December 25, On The Occasion Of Christmas

12/13/2022 9 

Earth News / The Prime Minister, Muhammad Shia Al-Sudani, directed today, Tuesday, to suspend official working hours on December 25, on the occasion of Christmas.

A statement by his media office, received by Earth News, stated that “the twenty-fifth of December will be an official holiday throughout Iraq, on the occasion of Christmas, and the twenty-sixth of the same month will be an official holiday for the children of the Christian component of the Iraqis.” .

The text of the Council of Ministers’ decisions, including the official holiday in all parts of Iraq

  • Time: 12/13/2022 18:50:20
  • Read: 2,093 times
The text of the Council of Ministers' decisions, including the official holiday in all parts of Iraq

  {Politics: Al-Furat News} Prime Minister Muhammad Shia Al-Sudani chaired today, Tuesday, the eighth regular session of the Council of Ministers, during which the overall general situation in the country was discussed, and the most prominent issues and files related to the economic and living aspects of citizens were discussed, in addition to deliberating on the issues on the agenda. and make decisions thereon.

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Al-Sudani directed, according to the government statement, of which {Euphrates News} received a copy, that the twenty-fifth of December be an official holiday throughout Iraq, on the occasion of Christmas, and that the twenty-sixth of the same month be an official holiday for the children of the component. Iraqi Christian.

The Council of Ministers discussed the issue of increasing the production capacity of the Diwaniyah refinery project, based on the directives of the Prime Minister during his visit to the Diwaniyah governorate and his inspection of the Diwaniyah refinery on the nineteenth of last November, where he directed his sovereignty to increase the production capacity of the refinery, in order to increase the refining capacity of products Oil, support the economic reality of the province and provide job opportunities for its people. Where the Council approved the following:

1- Authorizing the Ministry of Oil to contract with the company executing the Diwaniyah refinery, developing it and increasing its production capacity by (70) thousand barrels, in accordance with environmental requirements, with the exception of the contracting methods stipulated in Article (3) of the instructions for executing government contracts (2 of 2014).

2- The Ministry of Finance and the Ministry of Planning shall take the necessary measures to include the Diwaniyah refinery expansion project, to increase its production capacity, and include this in the draft federal budget law for the next fiscal year / 2023.

With the aim of protecting the environmental and biological diversity in Iraq, and stopping wrong practices against nature and the environment, such as hunting and other activities that threaten rare plants and animals, the Council of Ministers discussed the decision of the National Committee for Protected Natural Sites (3 of 2017), and approved the declaration of the site of Lake Sawa as a natural reserve, for what It is characterized by international standards and a clear richness of biological diversity, in addition to the geomorphological forms and its distinctive nature, according to Article (4) of the Natural Reserves Law (2 of 2014).

And in order to eliminate the phenomenon of leaking questions, prevent their recurrence, and to preserve the course of the educational process, and based on the recommendations of the investigative committee formed according to the Diwani order (22060 of 2022) issued by the Prime Minister’s Office regarding the leaking of questions for third grade intermediate exams for the academic year (2021-2022). The Council of Ministers decided to approve the following:

1- Exempting Mr. (Qasim Rahim Mijbil Abd al-Rasul al-Aqili), Director General of Education in Rusafa II / Ministry of Education, from his post, based on the provisions of Legislative Decree (880 of 1988).

2- The Ministry of Education and the relevant authorities will implement the rest of the recommendations, each according to its competence.

The Council of Ministers approved a draft law on ratification by the Republic of Iraq of the agreement to avoid double taxation with regard to taxes imposed on income and capital, and to prevent tax evasion and avoidance between the government of the Republic of Iraq and the government of the Kingdom of Saudi Arabia signed in Riyadh on March 31, 2021, which was prepared by the State Council, and forward it to the House of Representatives.

 A draft law ratifying the cooperation agreement between the government of the Republic of Iraq and the government of the Kingdom of Saudi Arabia in the field of maritime transport was also approved, and referred to the House of Representatives, based on the provisions of Articles (61 / item first, and 80 / item second) of the constitution.

The Cabinet discussed the continuation of implementing Federal Court Decision No. (121 of 2022) regarding the powers of the caretaker government, and approved the recommendations of the specialized committee to (reconsider all cabinet decisions taken by the previous government during the period of running daily affairs from October 8, 2021, to October 27). The first is 2022.

The Council also approved that the legal department in the General Secretariat of the Council of Ministers, in coordination with the Department of Cabinet Affairs, committees and relevant authorities, undertake the implementation of the recommendations in question, and not act on the decisions and directives indicated in their regard (review), except after each decision is presented to the Council of Ministers to take the necessary decision. about it.

The Council of Ministers continued to discuss other issues on the agenda, and issued the following decisions:

First / Approval of the following: 
1- A transfer of (40000000000) dinars, only forty billion dinars, from the operation of the Ministry of Health to the section on employee compensation. 
2- Making a transfer of (15075000000) dinars, only fifteen billion and seventy-five million dinars out of the 1/12 ratio of the total other spending units, including the decrease in the salaries of the Ministry of Environment. 
3- Financing the Ministry of Finance of the amounts mentioned (1, 2) above, to the accounts of the health and environment departments, according to the deficit in the accompanying table. Linking the letter of the Ministry of Health numbered (D.A.M/6/5/5417), dated August 8, 2022.

Secondly / based on what was stated in the ministerial curriculum paper that was agreed upon by the political blocs and approved by the House of Representatives according to its decision issued (No. 18 of 2022), which was communicated in the letter numbered (1/9/D.H/S.1/18) dated On October 27, 2022, the Council of Ministers decided the following:

– The Ministry of Finance disbursed an amount of 400 billion dinars to pay the dues of the Kurdistan region, provided that the amount is settled after completing the audit of the Federal Office of Financial Supervision of data related to oil and non-oil revenues, in coordination between it and the Office of Financial Supervision in the region, and the completion of the Federal Ministry of Oil calculating oil revenues In coordination with the Ministry of Natural Resources in the Kurdistan Regional Government of Iraq.

Sarwa Abdel Wahed: The Council of Ministers decides to send 400 billion to finance salaries in the region

  • Time: 12/13/2022 16:49:01
  • Read: 286 times
Sarwa Abdel Wahed: The Council of Ministers decides to send 400 billion to finance salaries in the region

  {Local: Al Furat News} The head of the New Generation Parliamentary Bloc, Sarwa Abdel Wahed, announced today, Tuesday, that the Council of Ministers voted to send 400 billion dinars to finance salaries in the Kurdistan region.

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Abdel Wahed said, in a tweet on Twitter, that: “The cabinet voted today to send 400 billion dinars dues for the months of November and December for the salaries of the region’s employees.”

And she added, “We hope that it will reach the hands of employees and those who are entitled to it in the region, and that people’s livelihoods will not be subject to liquidations and political deals.”

Central Bank: The cash reserve has reached its highest level in the history of the Iraqi state

Economie- 12-13-2022 01:27 PM – Number of readings: 6795

The Central Bank of Iraq announced, today, Tuesday, that the volume of currency reserves has reached its highest levels in the history of Iraq, while noting that public finances have an opportunity to compensate all the disadvantaged and those with low salaries from retirees. The Central Bank’s advisor, Ihsan Shamran Al-Yasiri, said in a statement followed by “Tigris”, that “the central bank’s reserves have reached their highest levels in the history of the Iraqi state and have exceeded 90 billion dollars,” noting that “what we count on is not the central bank’s reserves, but rather the performance of public finances, which She now enjoys a very sufficient abundance of money.”

He added, “The central bank is the management of monetary policy and intervention to fix problems related to the exchange rate and others,” noting that “the bank’s reserves are still abundant and our procedures are rational.” And he stressed the need for “public finances to be disciplined and direct public spending to real priorities instead of dispersing them,” pointing out that “public finances have an opportunity to compensate all those deprived during the previous years of those with fragile classes, social benefits and those with low salaries among retirees, as these classes We need aid for them.” Al-Yasiri stressed that “controlling the performance of collection departments from customs and taxes, oil revenues will be a secondary source for financing the general budget.”

President of the Republic: The financial and banking system in Iraq needs to be developed

  • Time : 2022/12/13 14:35:53
  • Read : 143 times
President of the Republic: The financial and banking system in Iraq needs to be developed


The President of the Republic stresses the need to reduce red tape and develop the banking system in Iraq

His Excellency the President of the Republic, Dr. Abdullatif Jamal Rashid, received today, Tuesday, December 13, 2022, at the Baghdad Palace, the delegation of the International Finance Corporation for the Middle East, Pakistan and Afghanistan headed by the Regional Director of the Foundation, Mr. Aventab Ahmed.

During the meeting, they discussed ways to encourage investment and service projects in Iraq by supporting the private sector to be an auxiliary factor for the government sector in developing the economic reality in the country.

The President of the Republic talked about the economic situation, noting that the various cities of Iraq have previously suffered as a result of neglect, terrorist acts and deterioration of the economic situation, explaining that Iraq is currently stable politically, security and economic terms, and has natural and human resources that qualify it to build a developed and prosperous state.

He pointed to the importance of exploiting the financial abundance that the country currently owns in establishing service projects that meet the ambition of Iraqis and support the economy. The President of the Republic explained to the guest delegation the importance of starting work and accomplishing and not just holding meetings.

In this context, His Excellency stressed the need for the relevant state institutions to reduce the red tape in completing transactions, taking into account controls and laws to save time and ensure the completion of work. The president also stressed the need for the financial and banking system in Iraq to develop to become faster, more accurate and safer.

Speaking about ways to support the economy, His Excellency explained the importance of diversifying sources of income, pointing out that Iraq has a large number of factories stalled since 2003, which must be rehabilitated, returned to work and made a source of support for the state budget and provide job opportunities. His Excellency also explained that the agricultural sector in Iraq suffers from neglect and plans can be made to support this sector through the adoption of modern methods of agriculture and irrigation.

For his part, the Regional Director of the International Finance Corporation confirmed his institution’s readiness to cooperate fully with Iraq in supporting its economy, as it is one of the countries that have priority because of its capabilities and resources that help in the completion of investment projects that will contribute to the progress of the country.رئيس-الجمهورية-النظام-المالي-والمصرفي-في-العراق-بحاجة-للتطوير

Kurdistan Democratic Party conducts visits to political parties and forces in the region and in Iraq

Kurdistan WomenIraqKurdistan RegionBreakingKurdistan Democratic PartyThe PartiesTour Of Visits

2022-12-13 05:29Font

Twilight News / Mahmoud Mohammed, spokesman for the Kurdistan Democratic Party, announced on Tuesday that a delegation from his party will start from tomorrow, Wednesday by visiting all political parties in the Kurdistan region to start it with the Kurdistan Islamic Union, stressing that the delegation will also visit Iraqi political parties and forces to proceed with the agreements that preceded the formation of the federal government headed by Mohammed Shiaa al-

“We want to open a new page with the political parties and from tomorrow we will visit the Kurdistan Islamic Union, we will sit together and discuss the current situation in the Kurdistan Region and other topics that need to be discussed,” Mohammed said in a statement to reporters from Erbil, noting that the delegation will visit all parties that respond with us.

He added that the party delegation will visit Iraqi Shiite and Sunni political forces to discuss the mechanism of implementing those agreements concluded between the three components.كوردســتانيات/الديمقراطي-الكوردستاني-يخوض-جولة-زيارات-لل-حزاب-والقوى-السياسية-بال-قليم-وفي-العراق

Dollar exchange rates jump to 151,000 dinars on Baghdad Stock Exchange

EconomyBreakingDollar Exchange RatesBaghdad Stock Exchange

2022-12-13 04:42Font

Twilight News / The exchange rates of the US dollar against the Iraqi dinar jumped on Tuesday to 151 thousand dinars on the main stock exchange in the capital Baghdad.

The correspondent of the Shafaq News Agency said that the central Al-Kifah and Harithiya Exchanges in Baghdad recorded at 1:15 pm today, an exchange rate of 151,000 dinars against 100 dollars.

Prices on Tuesday morning recorded an exchange rate of 150,300 Iraqi dinars for every 100 US dollars.

Our correspondent pointed out that the prices of buying and selling rose in banking shops in the local markets in Baghdad, where the selling price reached 151500 dinars per 100 dollars, while the purchase prices amounted to 15500 dinars.اقتصـاد/سعار-صرف-الدولار-تقفز-لى-151-لف-دينار-في-بورصة-بغداد

The World Bank proposes solutions to improve the climate situation in Iraq

money and business


Economy News-Baghdad

The World Bank proposed a set of solutions to improve the climate situation in Iraq.

The World Bank stated in a statement it received that “the World Bank Group launched yesterday the Climate and Development Report for Iraq in cooperation with the Iraqi government at a high-level round table meeting held with the Prime Ministry in Baghdad and attended by official officials and international partners, in addition to the media.”

He added, “The report provides the climate and development of Iraq with an analytical basis for addressing the country’s most urgent development needs and addressing climate challenges simultaneously. It also examines the cost of the country’s transition to a less carbon-dependent economy, and discusses opportunities and reforms aimed at adopting a greener and more sensitive growth model.” for the environment,” pointing out that “the report provides a matrix of priority and sequential recommendations at the policy level, in addition to an agenda for climate action aimed at accelerating the pace of green, resilient and inclusive development in Iraq.”

The report emphasized “giving priority to investments in green and inclusive growth paths in ways that reflect their degree of urgency, synergies and trade-offs, financing the green transition in Iraq by mobilizing both public and private capital, and deploying public financing tools in a strategic manner to benefit from private financing.”

Farid Belhaj, World Bank Vice President for the Middle East and North Africa, said, according to the statement: “Iraq faces a challenge represented in moving away from total dependence on oil and shifting towards a more diversified economy led by the private sector and has the ability to create job opportunities and build human capital, along with Along with building resilience in the face of climate change,” he said, pointing out that “climate action in Iraq must be accompanied by an improvement in labor force conditions, investments in human capital, and societal dialogue to enhance efforts to create more and better job opportunities.” and to provide more sustainable livelihoods across the country.”