Tamkeen Fund continues to support projects

[climber7]

Amazing

 

We blow their country to splinters and dust and in 'relatively' short time--the world is scrambling and throwing BILLIONS at them to rebuild the country. 

 

There HAS to be more behind the scenes than we know....

[TOMINVEGAS]

I would think that investors are wary. Given their history and their propensity towards shady dealings, Iraq is still one of the most corrupt countries in the world. Wouldn’t it be like accepting a dinner invitation from a family of cannibals?

[DinarDavo]

1 hour ago, TOMINVEGAS said:

Wouldn’t it be like accepting a dinner invitation from a family of cannibals?

 

Perfect!   

[ChuckFinley]

4 hours ago, TOMINVEGAS said:

I would think that investors are wary. Given their history and their propensity towards shady dealings, Iraq is still one of the most corrupt countries in the world. Wouldn’t it be like accepting a dinner invitation from a family of cannibals?

1/3 on deal, 1/3 half way and 1/3 on completion. I will be taking that in gold please. 

[yota691]

Iraq signs 13 investment agreements

Release Date: 2018/5/3 19:53 • 597 times read

[Ayna-Baghdad] 
Iraq has signed more than 13 investment agreements over the past days.
 

"We signed 13 investment agreements during the past few days," the secretary-general of the Iraqi cabinet Ali al-Alak told a news conference on Thursday. "Within two months, 15 companies signed investment agreements with Iraq." 
He pointed out that "the Prime Minister issued new investment decisions, which will provide a suitable ground for investment." 
"The political situation will be better after the elections and will not constitute a crisis for the investor," al-Aalak predicted. 
The Iraqi parliamentary elections are due to take place on May 12, amid heightened security alert, after the threat of "urging" voters, especially in areas where their fighters were expelled.

[Synopsis]

3 hours ago, yota691 said:

"We signed 13 investment agreements during the past few days," the secretary-general of the Iraqi cabinet Ali al-Alak told a news conference on Thursday. "Within two months, 15 companies signed investment agreements with Iraq." 
He pointed out that "the Prime Minister issued new investment decisions, which will provide a suitable ground for investment." 

"The political situation will be better after the elections and will not constitute a crisis for the investor," al-Aalak predicted.

 

The article does not indicate whether these 15 companies are Iraqi or International Investors. If international investors, then I suspect the anticipation of a major credit agency giving Iraq an investment worthy credit rating is forthcoming.

 

One of the factors for not giving Iraq an investment worthy credit rating is corruption. I suspect the elections are a mechanism to effectively deal with this corruption to remove a significant amount of the corrupt politicians who, among a host of other things, are pilfering the CBI daily currency auctions. There may be good news in the next couple weeks about the removal of corrupt politicians - even the most corrupt like Nouri al-Maliki. However, just like in The United States Of America, the newly elected officials will be installed at the beginning of the next term in July or so. I suspect current office holders unsuccessful in being elected for another term will enjoy immunity until the end of their term. However, Jabouri did announce there will be an extraordinary session of Parliament regarding the elections after the elections are held. I question what will happen in THAT session since there could be a significant amount of Parliamentarians who are corrupt and opt out of attending so that there is not a quorum. I don't think the corrupt politicians will vote for their immunity to be removed before the end of their term based on the election results.

 

The Kuwaiti Conference Donors and other regional investor meetings seem to need the right environment to invest in Iraq fairly quickly before enthusiasm dwindles. I suspect there is internal, regional, and international "support" and "encouragement"" to provide the environment for these investments to get going. I suspect Iraq will need to go to an "open economy" with an internationally traded Iraqi Dinar from the current "closed economy" with the corrupt CBI daily currency auctions to be able to deal real time for the entire work week with the volume of transactions for reconstruction, economic development, and foreign investment.

 

The outlook for investment appears to be very bright as noted by al-Alaaq at the end of the quoted section.

 

In The Mean Time.......................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY!!!)!!!

   

[ChuckFinley]

  Would be interesting to see who the companies are.  

[yota691]

What after the Investment and Reconstruction Forum?

06/5/2018 12:00 am  Mardan Ali Al-Azzawi In a major economic event is almost the first of its kind in the presence of a large number of international companies and diplomatic bodies in the Forum for Investment and Reconstruction, which was organized in Baghdad recently, we wonder here was the map of investment opportunities presented in the Forum  The (1100) professional opportunity in technical and economic description is successful and meet the needs of ... local and sectoral? The use of technologies investment is almost the first choice for Iraq and all ministries, provinces, regions and sectors ... which must meet three main components is the acquisition, absorption and employment of modern technologies and investment of its services, and training and rehabilitation of human resources to produce innovations and inventions of goods and services to meet different needs, And the use of cash blocks and the capital needed to buy the financial elements to establish the investment project and the formation of economic cities and free zones. It can be said that the issues of reconstruction and investment in Iraq require many partnerships of honest professional experts gathered with international experiences in Asia and Europe, with the Iraqi private sector, a unified knowledge and qualitative development, led by decision makers of the federal government with a vision of economic and service far.  The presence of international companies requires planning that shows the sectors of investment opportunities in the governorates on a sound basis, noting the priority of spatial, temporal, professional and technical integration within the national development plan (2018-2022) and the vision of 2030 on the importance of creating jobs for generations of unemployed youth and boosting investment contributions in the country's GDP Commodity imports, and non-oil exports. Update and development Private sector partnerships with the government ... require government policies and procedures that are needed and organized for government leadership and guidance and on the basis of the modernization and development of private sector administrations and the implementation and development of the construction and formation of private and mixed stock companies.  We must stand at the rate of contributions of Iraqi private and mixed institutions and companies in the formation of the Iraqi social economy, the number of jobs and the creation of innovative research and research centers in the sectors of economy (agriculture, industry, trade and energy), services (housing, transport, communications, What are the indicators of their contribution to GDP in the  above plan and vision  ?  Provincial investment agencies prefer to be more serious in the preparation of the completion of the requirements of investment projects and provide the investor the necessary atmosphere to complete his vacation during a very short period of time, through activating the one window that has been disabled during the last period. There are dozens of Islamic banks and private investment and government banks that accumulate large monetary blocks and does not know how to invest in the manufacture and composition of commodity flows through the financing of projects that meet the plans and vision of the government and meet the needs of society! The most important solutions and when investment is the most prominent solutions for economic advancement, it requires the creation of an appropriate environment and the policies and procedures of the government do so, and ensure investment credit for projects, and appropriate evaluation mechanisms, professional and transparent competition of investors, investment arbitration mechanisms, and the formation of investment fund from a variety of sources, And the opportunities for investment competition with regional countries, as well as the priority of updating the design uses and uses of land and the basic designs of cities on the basis of strategic and urban and economic to prevent and stop slums. The professional and qualitative characterization of preliminary technical and economic feasibility studies for opportunities and projects should be complemented by national and international expertise houses.

[yota691]

Investment Baghdad: 40 housing projects under study and referral for implementation

21/5/2018 12:00 am  Baghdad / Al-Sabah Baghdad Investment Authority was able to refer to the construction of 118 thousand housing units distributed among 12 residential housing investment within a period of 10 years, while studying the implementation of 40 residential projects including 100 thousand housing units. The Chairman of the Commission, Eng. Shaker Zamili, "Sabah" that the Authority paid attention In order to fill the deficit in the housing units, referring to the assignment of the construction of 118 thousand housing units distributed among 12 residential housing investment during a period of 10 years in the province of Baghdad. He explained that the complexes include the new city Basmaya and residential complex in Al-Mansour and the flowers of Baghdad on the road Mohammed Al Qasim Expressway, as well as the Al Gate Complex A residential Iraq opposite the Zora Park, the jewelers of the Tigris and the jewel of the ocean in the holy Kadhimiya.

[nannab]

Yota

[10 YEARS LATER]

On May 4, 2018 at 10:27 AM, ChuckFinley said:

  Would be interesting to see who the companies are.  

 

SHhhhhh. . .  . be very very, qwiyat ( Elmer Fud ) . . . it's a Seeqwet. 

[yota691]

Attracting investment

Author: Yasser Metwally 27/5/2018 12:00 AM In most countries of the world, the "international exhibitions" have a great interest in being acquainted with the economic potential of the country and the best way to build a solid exchange of experiences and a picture of the progress of countries and facilitating the task of choosing the requirements for building the country.  As long as we are talking about a new phase of construction, reconstruction and real investment, we need a new international exhibition that reaches the levels of international exhibitions to be a station for cooperation and investment required.  This subject prompts us to talk about what has hit the Baghdad International Fair from the decline in everything due to the disappearance of productive life over the long time has come to meet the requirements of the new era for  several reasons  .  The site is not fit because of the crowds and crowds during the periods of preparation and presentation,  eight halls lack the modern technologies required by the days of offers, in addition to the weakness of services. We believe that under the next phase, with the assumption of determining the economic approach to be adopted, which is supposed to be based on the constitution, a free economy or a market (named whatever you want), it is necessary to leave government departments to run such projects. Leaving implementation to the   private sector .  In this case, it is necessary to allocate land space for a new international exhibition with international specifications and to offer it for investment by the private sector to be implemented, managed and operated.  Thus, most countries, even socialism, are treacherous to the management of the exhibitions or to their possession, but rather to  private investment  .  One of the requirements for the success of the new investment in Iraq is the availability of an international exhibition that is efficient in terms of specifications and high technology, to attract investors to display their products on one hand and to view the country's requirements of investment opportunities from the   other.  The exhibition will be an opportunity to transfer modern technology to Iraq and take advantage of the models that the companies always offer to the host country at the end of the exhibition. This proposal is ready for presentation to the next government which recognizes the importance of preparation and preparation of investment, construction and reconstruction requirements.  The next requires that we care about all the joints that are doing the national economy, especially international exhibitions that bring distance and shorten the time to the local authorities, where they come every new to be presented to the   public.

[Butifldrm]

• economic

Baghdad Investment completes "Piano Center" and stresses: The capital is experiencing a major development boom

09:20 - 29/05/2018

 

  

Information / Baghdad ..

The head of the Baghdad Investment Authority Shaker Zamili, on Tuesday, the completion of the Commission for the project "piano center" in the Zayouna area, pointing out that the capital is witnessing a major development boom, especially in the construction of malls and commercial centers.

Al-Zamili said in a statement published by the official newspaper Al-Sabah, "The Authority completed the piano center project in Zayouna, a commercial center built on an area of 2500 meters."

"The three-storey complex includes 24 shops on the ground floor, two restaurants on the first floor, a family café and a beauty center on the second floor, and the last floor is a group of cafés."

"The project is an aesthetic addition to the entrance of Al-Rubaie Street in the Zayouna area. It is also an outlet for the Baghdadi family," Al-Zamili said. "The capital is experiencing a major development boom, especially in the construction of malls and shopping centers and the latest architectural styles in the world. Art of Physical Engineering ". Ending / 25

http://www.almaalomah.com/2018/05/29/313577/

[Butifldrm]

• Sweetened

Baghdad council announces suspension of meetings due to lack of funds

13:00 - 30/05/2018

0

 

Information / Baghdad ..

BAGHDAD (Reuters) - The Baghdad Provincial Council announced on Wednesday that it would suspend its weekly sessions due to the lack of funds allocated for projects that need to be approved by the council, pointing out that the meetings were confined to the necessary matters.

Council member Saad al-Muttalibi said in a statement that the meetings of the Baghdad Provincial Council are held for the purposes of approving the implementation of projects and the provision of services and not legislation of the laws as is the case with the House of Representatives.

"The Council has not held any meeting for several weeks," Mutlabi said. "We are missing the necessary funds to implement projects that need our approval. The council sessions are limited to necessities." Ending / 25

http://www.almaalomah.com/2018/05/30/313975/

[yota691]

Development and banking sector initiatives

 

Ministry of Planning spokesman Abdul Zahra al-Hindawi "Internet"

Articles Abdul Zahra Mohammed al-Hindawi Is it possible to say that the Iraqi banking sector is occupying an appropriate area commensurate with its financial and economic capabilities in achieving development in the country, or is it still looking behind the curtain of what is being planned and developed without being able to move its arms to be an appropriate partner in this field? I think the answer to both questions will be yes and not at the same time !! .. But how can two answers stand on opposite sides that meet under one roof? And let us stand by answering the first question, which will be answered, yes, and these blessings are derived through clear evidence witnessed by the Iraqi arena and specifically in the capital Baghdad, which has become the scene of important developmental and urban activities behind the institutions of banking effective government and private, Project "Baghdad" Which is adopted by the Association of Iraqi private banks, which includes a group of banks active actors and in cooperation and coordination with the Central Bank of Iraq and other government banks, with the participation of civil society organizations, led by the great musician Naseer Shamma, and includes the initiative to develop and rehabilitate the main squares in Baghdad, It is hoped that these squares will be achieved with a vision of art and aesthetic, which means that we will be in front of a new page will give Baghdad a great artistic and architectural beauty and before the end of this year, and such a wonderful initiative confirms beyond doubt that other important steps and initiatives will be for It has a clear impact on the overall development map of the country and will encourage those who are afraid to go into development. It is certain that any development will remain lame and unable to overcome the obstacles that we face if we do not have an active banking sector, because the process of financing development projects is very important, especially in the presence of a public sector is facing many problems in the forefront of how to provide salaries and wages of employees in state institutions .. The experience of the draft "Baghdad" has proved that in the case of the availability of funding required with a sincere intention to work, projects progress towards completion in a manner consistent with the timing of time and quantity, so the duration of the completion of this project is 200 days began at the beginning of this The percentage of achievement has now reached More than 50%, and ends before the end without adding any time periods for the completion of the project, with a high rate of implementation in many large squares in both sides of Rusafa and Karkh  The most important of all is that we want to have an effective banking sector capable of changing the development paths clearly, and the features of such a role have begun to appear in the developmental horizon, through many Among the practices and events and serious steps may include the question of financial coverage and before the issue of the settlement of salaries of state employees and others, and such steps have pushed the institutions of Arab and international banks are considered prestigious and respect for our banking institutions, whether governmental or private, although many of these banking institutions stillIn addition to its role in the financing of development projects, in the sense that the work should be two tracks, the first track is the process of correction and development and automation of work and keep abreast of international banking systems in this field , And the second track. Source: Al-Sabah newspaper Views 48   Date Added 31/05/2018

[yota691]

Distribution of the first batch of apartments in Iraq Gate complex in early 2019

11/6/2018 12:00 am  Baghdad / Wafa Amer   Baghdad Investment Commission distributed during the first quarter of next year 2019 the first phase of the apartments compound gate of Iraq, at a time when the province of Baghdad the need to build hotels on the banks of the Tigris River.  The Chairman of the Commission, Eng. Shaker Zamili, told Al-Sabah that the project of Iraq's residential gate, which is implemented on the land of Muthanna airport, is one of the most promising projects in the residential sector. It consists of 49 buildings comprising 3,000 housing units on an area of 120 dunums, 90 thousand meters as well as a health club, playgrounds, commercial street and integrated services. He added that the Authority has set the first quarter of next year 2019 as the official date for the delivery of 246 apartments within the first phase of the project, expressing his hope to complete the project as soon as possible and distribution of apartments in successive installments, because the company's implementation continues to work continuously without any delay. In the same context, Zamili pointed out that the project of the People's Housing complex will also provide 504 housing units, stressing that the executing company has achieved advanced completion rates, pointing out that the project was divided into two phases, including the first 8 buildings with 266 apartments, As well as the recent internal and external works of the buildings. Zamili said that the second phase includes the construction of 6 buildings containing 238 housing units, noting that work is continuing to end the work of building the pillars of a number of buildings mentioned. At the same time, the company started special works to build a restaurant 250 square meters within the entertainment area of the project site, Along with the establishment of a commercial mall. "The capital needs to build huge hotels along the Tigris River instead of directing 90 percent of the investment to build modern malls," said Jassem Mohan Bakhati, the Baghdad province's technical deputy. He explained that Abu Nwas Street is one of the most prominent sites for the establishment of these hotels because it is characterized by its beauty and view on the Tigris River and a lot of unused space, as well as that there are important areas in Baghdad, especially those that start from the airfield extension to the door of the great, To modernize and transform them into modern tourist and recreational areas while preserving their heritage form rather than what they are now.

[yota691]

Alaq, Shamma and Aloush in a field tour to learn about the completion rates of the yards

 

Emaar Construction Economy News _ Baghdad BAGHDAD (Reuters) - The Baghdad Initiative team organized a tour of six squares between Karkh and Rusafa, attended by Secretary General of the Council of Ministers Mehdi Al-Alak, musician Naseer Shamma and Baghdad's secretary Zekri Alloush.  In a statement received by Al-Iktissad News, the EITI team said that "last Sunday evening, a joint field trip was held, including Secretary General of the Council of Ministers Ali Al-Aalak, Iraqi Musician Naseer Shamma, Art of Rafidain ".  The tour included visits to a number of squares on both sides of the Karkh and Rusafa, namely: Al-Wathiq, 52, Sheikh Maarouf, the Museum, the Arab Knight and the Eagles, to see the progress of the works and the completion rates in them, which reached a very advanced stage, as well as the nature of materials, , In the process of development and rehabilitation. "The participants in the tour showed their admiration for the development and rehabilitation process, and expressed their thanks to all those working in accomplishing this great cultural project, and appreciating the initiative of the People's Artist, musician Naseer Shamma, and his constant efforts for a more beautiful, And the Secretariat of Baghdad, which is the beneficiary of this project. "  "It is hoped that the project will be completed by the end of next July, where a large public ceremony will be held under the patronage of the Prime Minister and attended by senior officials in the country.

Views 36   Date Added 06/26/2018

[yota691]

Baghdad investment: the implementation of 330 thousand housing units in the capital

12/7/2018 12:00 am  Annual revenues of 25 billion dinars achieved  Baghdad / Wafa Amer  implemented Baghdad Investment Authority projects , the housing sector will provide more than 330 thousand housing units in the center and the regions of the parties, at a time which confirmed that it achieved revenues of 25 billion dinars annually.  The head of the body, Engineer Shaker Zamili said in a statement to the "morning" that the capital Baghdad needs one million housing units to cover the deficit, which made the body move within the scope of that deficit, but it has not been able so far, to provide only 50 percent of them only .  He pointed out that the Authority is working according to an investment map prepared by the Ministry of Planning and according to priority in the need for sectors. He explained that the Commission is currently implementing investment projects, namely: Camp Rashid project in Zaafaraniya, Al-Dahana complex in Abu Ghraib and Basmaya in Nahrawan, stressing that it will provide a total of 200 Thousand housing units. Al-Zamili said that 70 other strategic projects in Baghdad will provide 130,000 units, 26,000 of which are implemented and distributed among 16 completed projects in terms of completion of contractual arrangements with land owners and the approval of land designs.  He also disclosed that there are ongoing projects without obstacles, including: Al-Ayad Complex in Al-Mansour, which includes 1332 units, of which 600 units have been distributed so far and the rest will be delivered in batches, as well as the Al Yamamah residential project in Al-Adl district, Unit, 300 units will be delivered early next year. The head of the Baghdad Investment Authority, said that the budget of the Commission annually does not exceed 800 million dinars, which is dedicated only to the operational budget, although the Commission achieved revenues of up to 25 billion dinars annually distributed among the owners of land, pointing out that the Commission has begun coordination with the relevant authorities to get On the areas of the owners of the land to implement projects on them. He pointed out that the country's investment policy was very slow after 2003, but the trend now is towards the private sector and investment, noting that the Investment Law No. 13 of 2006 gave a great opportunity for both domestic and foreign investors.  Zamili added that the law gave investors the right to rent projects for many years, to own the land on them, to allow them to take out their capital, to bring in labor and various tax exemptions, as well as to grant them the right to litigation for projects in international courts in the event of not receiving their financial dues.

[yota691]

Baghdad is a list of strategic projects to be implemented

25/7/2018 12:00 am   Baghdad / Wafa Amer  Refaat Baghdad to the central crisis cell of the Council of Ministers list of a number of important strategic projects in the sectors of water, sewage and roads in all areas of the province.  The province's technical deputy Jassim Mohan Bakhati told Al-Sabah that the province, keen to implement the recommendations of the crisis cell formed by the Council of Ministers to raise the level of service in Baghdad and the provinces, prepared a list of a number of strategic projects that would change the reality of services in various areas of Baghdad, The parties have been brought to the Cell Crisis Central Council of Ministers, pointing out that these projects must be receiving sufficient attention from the Government to expedite the provision of financial allocations sufficient to them by instructing the Ministry of Finance to launch, especially as it includes key sectors included The cell is among the priorities of water, sewage, roads and electricity. He explained that these projects include the central waterways of Al-Taji, as well as water projects in the bridge area, as well as completion of the project of the tunnels of Mahmudiyah and road cover in the judiciary, as well as that the regulation included the disbursement of funds allocated to the district of Husseiniya to implement water and water projects as well as infrastructure projects in Nahrawan, Abu Ghraib. The governor also recently raised a list to the cabinet containing 26 projects, but only nine projects were approved, pointing out that the province is seeking to implement the rest of the projects in coordination with companies in the term or by loans or through grants Finance of the magazine The ministers, because they are very important projects can not be canceled. He said that there are 700 projects stopped in Baghdad because of the financial crisis or the failure of the implementing companies, and the province seeks to implement, especially that achieved 80 percent completion rates to ensure that they do not.

[dinareffic]

Baghdad Council announces the release of Abbadi funds to finance the capital projects

09:17 - 26/07/2018
0

Information / Baghdad ..

Baghdad's provincial council announced on Thursday the release of Prime Minister Haider al-Abadi money to finance some projects in the capital, pointing out that most of the demands of Baghdad and its people related to water and sewage networks and road coverings

Saad al-Muttalibi, a member of the council, said in a statement to Al-Maaloumah that "Prime Minister Haider al-Abadi has paid money to the capital Baghdad in order to move the stalled projects. That "there is a response by Abadi and progress on the level of projects in Baghdad."

He added that most demands of Baghdad and its people related to water and sewage networks and road cover, as the cadres continue to work on the completion of these projects after the disbursement of some funds to be completed, and the provincial council is waiting to spend a new batch to complete these projects.

 He pointed out that "the demands have not been abandoned appointments, where the grades have been launched for the educational sector and lecturers only, and is expected to send allocations and funds by the Ministry of Finance for the launch of those grades." Ending / 25 n

 

http://www.almaalomah.com/2018/07/26/329271/

[yota691]

Keywords: Investment Will Contribute To Reducing Unemployment Rates

 

 Last updated 26/07/2018  164 

Baghdad - conscious

The Secretary-General of the Council of Ministers, Dr. Mahdi Al-Alaq, stressed the importance of addressing the problems that prevent the implementation of a number of investment projects in the country because of its importance in stimulating the local economy according to the government's vision of openness to the labor market and its role as a key factor in reducing unemployment rates in Iraq.

The Secretariat General of the Council of Ministers said in a statement received by the Iraqi News Agency (INA) that "the meeting held by the Committee to investigate the obstacles that prevent the completion of investment projects by some government agencies, in the presence of the President of the coordination between the provinces d. General of the Ministry of Finance, Mr. Maher Rashid, discussed a number of paragraphs relating to the procedures of contracting and privatization, and identify the faults that caused delays in the implementation of projects as a result of the bureaucratic work of some departments or not complete the requirements of implementation by the investor.

She added that "the meeting concluded with a number of recommendations, the most important of which is to study the possibility of solving the problems in accordance with the laws in force for the relevant authorities and taking into account the government's orientation to support the wheel of investment, economic and commercial sectors, as well as housing."

"The meeting reviewed a number of projects, notably Baghdad Industrial City, Al Salam Residential Complex, Airport Complex in Najaf and discussed investment promotion files for the province of Diyala and the elimination of abuses on investment land."

[yota691]

Finance announces the release of amounts of 8.5 billion dinars for the development of Baghdad

 

Monday 30 July

 

 

 

Alsumaria News / Baghdad announced that the Ministry of Finance , on Monday, announced the launch of funds worth 8.5 billion dinars for the development of Baghdad, and the financing of 97 billion dinars for projects in Basra .  The ministry said in a statement received by Alsumaria News, a copy of it "has launched funds of 8.5 billion dinars out of 16 billion dinars to develop the capital Baghdad to finance some projects that meet the needs of citizens of services," noting that "the release of this money comes by Decision of the Council of Ministers No. 171 Decisions of the crisis cell for the year 2018.     She added that "the services that will be covered by the amounts are water and sewer systems and electricity, stressing that" work is underway to complete the amounts and transport "  The ministry also said that" it has funded more than 97 billion dinars within the amounts of petrodollar operational to improve the reality of services For the citizens of the province of Basra. "  It is noteworthy that most of the Iraqi provinces suffer from a lack of municipal services, which led to the emergence of protests calling for improvement and accountability spoilers.

[dinareffic]

Source: More than 81 billion dinars remaining from the emergency reserve for 2018

Last updated: 8 August 2018 - 3:18 PM

 The source of the Ministry of Finance, on Wednesday, the amount of the remaining financial allocations from the reserve account for the year 2018, after excluding the amounts disbursed and reserved. "The remaining allocations from the reserve account for the year 2018, (871 918) Of the total amount (192,000,000,000) dinars, excluding the amounts disbursed and reserved. "He added that" the Council of Ministers, had decided at its meeting No. (171) for the year 2018, the allocation of $ (16) billion dinars, To the various areas to secure the needs of areas in the capital Baghdad, of which (9) billion of the ministries "The Cabinet also issued several resolutions, including the allocation of five billion dinars to the Ministry of Water Resources, for the treatment of water scarcity, and five billion to the Ministry of Health and Environment, the program of cultivation of smart parties, but the ministries did not provide the financial details of the amounts allocated "The Ministry of Youth and Sports, did not provide the financial details of the amount spent for the establishment of the General Company for Sports Investments, amounting to (50) million dinars." "The Ministry of Finance, the Secretariat General of the Council of Ministers, , With details of the amounts requested As soon as possible, for the purpose of securing them. "  

 

http://aliraqnews.com/%D9%85%D8%B5%D8%AF%D8%B1%D8%A3%D9%83%D8%AB%D8%B1-%D9%85%D9%86-81-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D8%A7%D9%84%D8%A8%D8%A7%D9%82%D9%8A-%D9%85%D9%86-%D8%A7%D8%AD%D8%AA/

[Donziman]

This is amazing because as we all know the ministries should be going by a different

name.  (Avenues of stealing) How did they miss this surplus. Wow that is some kind

of accounting system they are using .

[jeepguy]

EMERGENCY --- EMERGENCY ,.  Use it for dinar values rise to 50 cents ! 😀