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Iraq strengthens donor confidence by cutting off the arms of corruption and providing an environment conducive to investment
 
2/8/2018 3:33:48 PM

 


BAGHDAD / Al-Masala: With the participation of 70 countries and more than 2,000 companies, Kuwait is hosting the conference of donors for the reconstruction of Iraq in the first half of February 2018, which aims to help the country from the effects of the war on the organization of a supporter of the terrorist.

According to the follow-up of the mascara, a specialized government team will present the investment files and projects desired by the conference.

In the same context, observers called for the team to adopt the scientific and ardent in the proposal, and to remove the conference on all the arms of party and political corruption, and that all attend the conference professionally away from quotas and partisan and political gains.

The observers stressed that the success of the reconstruction conference of Iraq is to remove the arms of party and political corruption to allow the Iraqi companies, companies and the private sector to exploit the conference and guide it to the right doors that return to the provinces of service and economic structure as required.

A member of the Committee on Foreign Relations Representative Hilal Sahlani, said earlier that the conference will see the establishment of the Fund for the reconstruction of cities and regions of Iraq, which will be under the direct supervision of the government, which is an important step to cut the road to corruption and reduce its proportion significantly.

In the same vein, the campaign of Prime Minister Haider al-Abadi to fight corruption to be a message to reassure the donor countries and investors to participate in the conference and that the money that will spend will not go to the pockets of corrupt.

The Iraqi government has estimated the damage to infrastructure in the liberated provinces at least 100 billion dollars, among the US ambassador to Iraq, Douglas Seleman, that the country is working to secure an international grant to Iraq worth $ 115 billion.

The conference includes two aspects: the first is the grants provided by states to Iraq during its war with terrorism, and the second aspect is to provide the suitable environment for investment through foreign companies and in partnership with the Iraqi private sector.

The National Authority for Investment in Iraq, announced last Tuesday, its intention to offer 157 projects to invest in the conference, and will be the major strategy, and the other medium, including oil and gas, transport, housing and agriculture.

Kuwait stressed that the conference is a message to the international community about the importance of security, stability and reconstruction of Iraq for all.

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Washington does not intend to contribute funds at the Iraq Reconstruction Conference in Kuwait

 

WASHINGTON (Reuters) - The United States does not intend to contribute any money at an Iraq reconstruction conference in Kuwait, analysts and analysts said on Thursday, a move analysts say could set a new blow to the US's international standing.

"We do not intend to announce anything," a US official said on Thursday regarding financial assistance at the conference, which will be attended by Foreign Secretary Rex Tilerson. But the official said Tillerson may decide to announce a US contribution before the conference, according to the agency "Reuters".

The Kuwait International Conference for the Reconstruction of Iraq is scheduled to take place from 12 to 14 of this month, with international and international participation.

Iraqi Prime Minister Haidar al-Abadi discussed earlier with the Higher Committee for Investment and Reconstruction preparations and preparations for the Iraq conference to be held next week in Kuwait.

A delegation from the Kurdistan Regional Government (KRG), including Minister of Planning in the Kurdistan Regional Government, Ali Sindi, Director General of the Ministry's budget Zakruz Fattah Mohammed, Naseer Hussein Majeed from the Minister's Office, Minister of Housing and Reconstruction of Kurdistan Regional Government, From the Minister's office.

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Deputy reveals Abadi sent a draft "modified budget" to parliament


10:36 - 08/02/2018  
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The deputy of the Union of Forces Raad Dahlaki, on Thursday, the sending of Prime Minister Haider Abadi draft "modified budget" to the House of Representatives, noting that Abadi promised to resolve all the problems between the government and political blocs equally.

"The government sent today an amended draft of the budget law for the year 2017 to the House of Representatives," noting that "the political blocs will evaluate the draft during the coming hours and looked at the most prominent amendments made by the government on the revised draft."

Al-Dahlaki added that "the meeting of the Union of Forces with Prime Minister Haider Abadi was very positive as he promised Abadi to increase the allocations of liberated provinces and work to return the displaced to their areas and resolve all the problems with the political blocs objecting," stressing that "we are waiting for the implementation of those promises to legal legislation."

The head of the Patriotic Union of Kurdistan bloc MP Arieh Abdullah revealed in a statement to (Information) / on Wednesday, the existence of government pressure to pass the budget in its current form.

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US delegation: Studies confirm the confidence of Iraqis in Abadi
 
2/8/2018 3:11:56 PM

 


BAGHDAD (AP) - Prime Minister Haider al-Abadi discussed on Thursday (February 8th, 2018) with a delegation from the USIP, led by Nancy Lindborg, the head of the Institute for Security and Political Affairs in Iraq.

The US delegation hailed the victories against the liberation and liberation of Iraq from terrorism, as well as the government's plan to return large numbers of displaced people to their liberated areas, a statement by the Prime Minister's Office said.

Abadi stressed the importance of community reconciliation, which began work after each land is released, noting that there are small elements trying to block this peace community and the government is working to address this matter, pointing out that these communities coexist in a sound manner, and stressed the existence of great confidence of citizens in the organs Security.

"Our message to the blocs is that we fought together and called together to work together for reconstruction," he said. "The elections should be held in time to preserve the rule of the constitution," he said.

The US delegation stressed that through studies and the situation in Iraq, it has been shown that there is optimism by people and confidence in the prime minister and the security services, and that people are now looking for economic reform and a comprehensive political system that is cross-sectarian.

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Next week .. Tillerson begins a regional tour of Iraq reconstruction conference

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2018-02-08 at 15:41 (Baghdad time)

US Secretary of State Rex Tillerson will start a tour of the Middle East as part of the reconstruction of Iraq's reconstruction conference, which will start in Turkey and will include Lebanon, Jordan, Egypt and a Gulf state.

US Ambassador to Kuwait Laurence Silverman revealed the participation of his country's foreign minister, Rex Tillerson, at the Iraq reconstruction conference, to be launched on February 12, which will be preceded by the ministerial meeting of 74 countries to combat terrorism.

The official opening of the conference will be on February 14 in the presence of the Kuwaiti Emir and Prime Minister Haider al-Abadi.

"Secretary of State Rex Tillerson will leave early next week for a tour of the Iraq reconstruction conference, which will be hosted by Kuwait and will cover regional capitals," the State Department said.

The Turkish daily Yeni Shafak said that "next Tuesday, US Secretary of State Rex Tillerson will visit Ankara and will be preceded by his national security adviser Herbert McMaster."

"The US State Department confirmed that" Tillerson will participate in the Kuwait Conference, which starts on Monday and will last for two days and ends Wednesday, without revealing theremaining stations of his tour. "

Al-Hayat newspaper quoted Western diplomatic sources as saying that he expected to visit Cairo, Amman and Beirut in the same round, noting that the dates and procedures of the visit are still under preparation. Beirut will be the first minister in the Trump administration.

"There is no doubt that what he said reflects a regional and international role for Kuwait, and this is undoubtedly when the whole world comes to Kuwait to participate in the conference," Foreign Minister Khalid al-Jarallah said. This conference, when the whole world comes to Kuwait at the official and informal levels, and when more than 2000 companies and businessmen participate at the invitation of Kuwait is a clear indication that Kuwait plays a large and vital role at the regional and international levels.

On the praise of the Secretary-General of the Iraqi Council of Ministers Kuwait's support for Iraq, said the neighbor God read this statement with any appreciation and indeed what Mehdi al-Alaq reflects the reality because Kuwait has provided a lot of brothers in Iraq and ready to do much for them.

And whether there is a priority for Kuwaiti companies in the investment opportunities and projects that will be put in Iraq, said Al-Jarallah Kuwait has all the readiness and if the brothers in Iraq will give this priority to the Kuwaiti companies, we appreciate this trend to the brothers in Iraq, and there is continuing communication and coordination between Kuwait and officials of reconstruction In Iraq and the officials of international cooperation in the Republic of Iraq and we will work through this cooperation, and we will be happy that the Kuwaiti companies already take their chance in the reconstruction of Iraq.

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Kuwait: 1850 international companies participate in the conference reconstruction of Iraq


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8th February, 2018

Chairman of Kuwait Chamber of Commerce and Industry, Ali Al-Ghanim, affirmed that the conference will be held on February 13, with the participation of 1850 companies.

Al-Ghanim said in an interview with "Economy News", "With the end of the registration period at the conference" Invest in Iraq ", which is held on the 13 th in the context of the Kuwait International Conference for the reconstruction of Iraq, exceeded the number of registered to attend the conference 2300 personalities representing more than 1850 companies from all over the world".

Al-Ghanim explained that the Kuwait Chamber of Commerce and Industry, in cooperation with the World Bank and the National Investment Commission in Iraq, is preparing the final arrangements for holding this important meeting which will address the open policies in Iraq to attract direct investments and modern legislation organizing them. Sectors and activities, especially energy, health, education, construction, communications, transport, environment and others.

Al-Ghanim added that the conference is characterized by the active participation of the World Bank and its financial institutions, which will provide financial guarantees for companies wishing to invest in Iraq, which will reduce the risk and ensure a clear economic and financial feasibility.

Al-Ghanim welcomed the guests of Kuwait participating in the conference on reconstruction of Iraq, which Kuwait took upon itself to establish and organize, convinced of the need to cooperate closely with Iraq to return to its strong role, regional and international civilization and economically.

 
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Just now, tigergorzow said:

Let's RV / RI The IQD to show the "World" Iraq is back....😊😁😊

 

.................."World" Iraqi is baqi with a country FULL of bicraqi Iraqi!!!!!!!!!!!!!!!!!!!!!!

 

:o       :o       :o

 

The Best Of Your Evening To You, Tiger AND All DV!!! :tiphat:

 

And, OH, YEAH........................................

 

Go Moola Nova (YEAH, BABY!!!)!!!

:pirateship:

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Parliament calls on the Kuwait Conference to provide infrastructure projects instead of funds
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8th February, 2018

Kurdistan Alliance MP Ashwaq Al-Jaf on Thursday called on donor countries to participate in the Iraq reconstruction conference by providing infrastructure projects instead of funds to ensure the return of the displaced as soon as possible.

Al-Jaf said in a statement received by the "Economy News" a copy of it, "The donor countries to take the initiative to work on the provision of infrastructure projects in the liberated areas instead of providing funds that may go some or a large part of them into the pockets of corrupt instead of benefiting the citizen, As happened in the file of the High Commission overseeing the displaced and identified by the parliamentary committee in its report.

She pointed out that "the start of donor countries to rebuild the vital projects and the erosion, especially in the liberated areas is reflected directly positively on the people of those areas, rather than delay in the completion of projects through advances or grants that are delayed periods of disbursement and conversion."

 
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3 minutes ago, DinarThug said:

Parliament calls on the Kuwait Conference to provide infrastructure projects instead of funds
5745.jpg 

8th February, 2018

Kurdistan Alliance MP Ashwaq Al-Jaf on Thursday called on donor countries to participate in the Iraq reconstruction conference by providing infrastructure projects instead of funds to ensure the return of the displaced as soon as possible.

Al-Jaf said in a statement received by the "Economy News" a copy of it, "The donor countries to take the initiative to work on the provision of infrastructure projects in the liberated areas instead of providing funds that may go some or a large part of them into the pockets of corrupt instead of benefiting the citizen, As happened in the file of the High Commission overseeing the displaced and identified by the parliamentary committee in its report.

She pointed out that "the start of donor countries to rebuild the vital projects and the erosion, especially in the liberated areas is reflected directly positively on the people of those areas, rather than delay in the completion of projects through advances or grants that are delayed periods of disbursement and conversion."

 

2-8-2018   Newshound Guru  Don961  Article: 

"Parliament calls on the Kuwait Conference to provide infrastructure projects instead of funds"   

Now there's a good idea !   ...

Have the donors come in and do the projects...

oversee their funds in action...

and keep the cash out of the hands of those who may feel inclined to steal it or reroute it...

Iraq needs help and 1000's are willing to help...

but the 1000's want to see some actual tangible results for their money and efforts... 

perhaps a money-making business partnership...

not another suddenly, mysteriously wealthy politician or official buying 3 homes and Lambos for all his kids...imo.

Edited by DinarThug
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28 minutes ago, Donziman said:

Thank you Thugs  World Bank guarantee wahoo that should take the fear from 

jumping right in there. Go Kuwait. Enemies turned into friends. I like it.

It should. I mentioned this in a threat yesterday. It will take corruption out of the picture and be managed by someone with a sense of urgency. 

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2-8-2018   Newshound Guru Kaperoni   Article: 

"...Kuwait conference will bring significant economic benefits to Iraq

Quotes: "Kuwait conference is a real starting point for the start of reviving Iraq 's economy and rebuild the country...";   

"...the participation of 2300 global conference reconstruction of Iraq,

adding that more than 70 countries conference reconstruction of Iraq in Kuwait...";   

"...the conference to be held between 12 and 14 February..."  ...

it is this momentum that will raise the value of the dinar. 

Let's hope this conference is a success.

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2-8-2018  Guest Guru BobTheTaxMan  There are a lot of great changes that have gone on in the tax world…

So this whole new concept that Trump Administration has fathered and brought forth has a lot of benefits to it.  

You just need to understand what it is.  

And because it’s different, a lot of people are afraid of it.  

Don’t be afraid of it…cause it really is a great opportunity.  

Tremendous opportunity especially if you keep viewing the dinar.  

Somewhere down the road it is going to come to fruition.  

It is going to happen.  

These new rules and regulations for the IRS are phenomenal.

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5 hours ago, tigergorzow said:

DT Thanks,  DV, The "Mission" to complete all necessary tasks are in the final days IMHO.   The urgency is real this time so git er done boys & girls.

 

GO 140

 

GO HCL

 

GO RV / RI

 

5 hours ago, tigergorzow said:

Let's RV / RI The IQD to show the "World" Iraq is back....😊😁😊

 

You and I have been watching a certain thread (Article 140) for a long time now. We both know there is nothing signed, sealed, and delivered as of yet, but we know there is so much going on that something big happening. I agree, Iraq is working on completing the Article 140, HCL, and RV all one time. Soon!

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Parliament completes the last reading of the budget tomorrow and prepares to vote on it


09:02 - 09/02/2018
 
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A member of the parliamentary legal committee Kamel al-Zaidi, Friday, that the House of Representatives will complete the second reading of the budget during the session on Sunday, pointing out that it will be put to the vote after four days.

Zaidi said that the next session of the House of Representatives scheduled for next Sunday will witness the completion of the second reading of the budget law for the year 2018, "noting that" the budget will be presented to the vote four days after the completion of the second reading. "

"The dialogue will continue with all parties that have observations on the budget law," he said, declining at the same time, "Some resort to me arms and jump over the laws to pass their demands."

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An accelerating revolution to increase oil refining capacity in Iraq

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9th February, 2018
The pace of the restructuring of the Iraqi Oil Ministry, which became the only point of light in the crippled economy of the country, accelerated with the signing of an agreement for the construction of a refinery in Kirkuk 10 days after the announcement of the FAO refinery project, accelerating the rehabilitation of the Baiji refinery and plans to build three other refineries.

The Iraqi Oil Ministry announced yesterday that it signed an agreement to build an oil refinery near the northern city of Kirkuk with a capacity of about 70 thousand barrels per day. The agreement was signed with Rania International, based in the semi-independent Kurdistan region, and the company will be an investor in the refinery.

The project comes after the announcement on January 29 of plans to build a refinery in the port of Faw and three refineries in the southern region of Nasiriyah and in Anbar province west of the country and in Qayara near the city of Mosul in northern Iraq.

The Kirkuk refinery will produce high-octane gasoline and some other petroleum products, the ministry said in a statement, without elaborating on the cost or more information about Rania International.

Iraq had signed an agreement with China's Power China and Nerco to build a 300,000 bpd oil refinery and a petrochemical complex in Basra.

Iraq, OPEC's second-largest producer, wants to build at least five new refineries after its oil refining capacity has been severely reduced by the damage to the country's largest refinery, Baiji, during a takeover by an organization in mid-2014.

$ 5 billion value of Iraq's annual imports of oil derivatives, according to official data

Iraqi forces recovered Baiji in 2015 and the refinery is expected to resume partially this year. Iraq is currently relying on the Dora refinery in Baghdad and Shuaiba in southern Iraq.

The oil ministry announced at the end of last month the start of work on the rehabilitation of Baiji refinery and preparations began to restart the unit capacity of refining 70 thousand barrels per day during the period from 6 to 9 months.

He added in a statement that a second unit of capacity of 70 thousand barrels per day will be operated after that. The Baiji refinery was refining around 175,000 bpd before falling into the grip of a hasty organization.

"The establishment of Kirkuk refinery represents the first step to invest in the refining sector to reach the production capacity of oil derivatives covering the local need in the province and neighboring provinces," Oil Minister Jabbar Laibi said. He added that "the project comes within the plans and programs of the ministry to cover the local need of oil derivatives in the country and work on the export of surplus through investment refineries projects."

It is estimated that it imports $ 5 billion a year in oil derivatives to meet the domestic needs of about 600,000 barrels a day, much of which is used in power plants.

He pointed out that the ministry is exerting efforts "to upgrade the oil industry in Kirkuk province and the implementation of a number of development projects and rehabilitation of oil fields and facilities and infrastructure and the extension of oil pipeline networks."

"The company will work to build the refinery according to international standards and will abide by the dates of completion of construction and operation," said Galal Haji Ahmed, director of Rania Company, which invests in the refinery. Iraqi forces have recovered all oil fields in the oil-rich province of Kirkuk and disputed areas in the northern provinces controlled by the Kurds since 2014, because of the chaos left by an offensive attack.

Analysts say the oil ministry has become the only point of light in Iraq's crippled economy since he took over as deputy director of the ministry in August 2016 and has since begun to repair the chaos that pervaded the ministry at the time.

He began reviewing contracts with foreign oil companies unfairly entered into by Hussein al-Shahristani, who is responsible for the energy file in the government of former Prime Minister Nuri al-Maliki. These contracts give foreign companies significant concessions to cover their expenses without a specific ceiling, as well as up to $ 21 per barrel of oil production.

Recently, efforts to stop the burning of gas associated with oil production have accelerated, and Iraq plans to start exporting gas to Kuwait at a rate of 50 million cubic feet of gas per day, which will later increase to 200 million cubic feet per day.

At the end of last year, the Ministry of Oil set new standards in a contract signed with China's Genghua Company to develop an oil field in eastern Baghdad worth $ 3 billion, which for the first time in decades included the construction of a residential city and service facilities including a school and a medical clinic.

In an atmosphere of optimism to improve the business climate in the Iraqi oil sector, the head of Crescent Petroleum UAE Badr Jafar said yesterday that the company plans to double its production of gas in Iraq within 3 years to reach 500 million cubic feet per day.

Edited by DinarThug
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Prime Minister Dr. Haider Al-Abadi heads the meeting of the Higher Committee for Investment and Reconstruction
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8th February, 2018
Prime Minister Dr. Haider al-Abbadi on Thursday chaired the meeting of the Higher Committee for Investment and Reconstruction.  Where the Committee discussed the provision of the right environment for investment and that Iraq is an attractive environment for investments through new laws and procedures are currently underway, especially the recent issuance of the Council of Ministers in this regard. 

A number of projects and investment opportunities before the committee were discussed, including the Al-Jaysh channel project, the rehabilitation project for the area around Baghdad International Airport, the urban center project for Baghdad City, the wedding island and the Jadriya lake.

The Committee approved a set of recommendations that will help in the implementation of these projects, including the formation of a small team linked to the Supreme Committee to follow up and facilitate procedures for investors and raise the obstacles facing them. 

The preparations for the Iraq reconstruction conference to be held next week in Kuwait were also reviewed.
 

Prime Minister 's Media Office 
8 February 2018

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