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Kurdistan Region Finance announces the distribution of salaries for the region’s employees next week Wednesday 17, April 2024 16:35 | EconomicalNumber of readings: 175 Kurdistan Region Finance announces the distribution of salaries for the region’s employees next week (ninanews-com.translate.goog) Baghdad / NINA / The Ministry of Finance and Economy of the Kurdistan Regional Government confirmed that government preparations are underway to prepare payrolls for the month of April, expecting to begin the process of disbursing salaries next week. The Ministry's official spokesman, Honor Jamal, said during a press conference today: "The Ministry addressed all ministries and general directorates in order to prepare employee payrolls for the current month of April based on the decisions of the Federal Court, which obligated the Baghdad government to pay the salaries of employees of the region on the same basis as employees of the central and southern governorates." He added, "Some ministries have sent payrolls, and some will send them within the next two days," noting that "after the eighteenth, the federal government will begin disbursing the salaries of federal ministries and governorates, and we will be within the schedule that the Federal Ministry of Finance will work on, and it is scheduled to send payrolls to Baghdad at the beginning of the week." "Next." The spokesman for the Ministry of Finance and Economy stated that “the problem of salaries was resolved after the Federal Court’s decision last February, and the mechanism of sending was agreed upon, and the issue of salaries for the month of March related to resettlement was resolved and sent before Eid, and there is a general trend to solve the problem of salaries of employees of the region once and for all, and this is what "It was confirmed during the Prime Minister's visit to Washington." Regarding the issue of late salaries for the year 2023, Jamal confirmed that “The Prime Minister of the Kurdistan Region addressed Baghdad for the purpose of disbursing salaries for three months of the year 2023, due to the failure to send the region’s dues from the 2023 budget in full, as the region’s share was about 16.497 trillion dinars, and what was done was His sending is 5,700 trillion and we are waiting for the Iraqi government’s response.” Regarding promotions and professional bonuses, Honor Jamal pointed out that “the process requires time and agreement with the Federal Ministry of Finance regarding the mechanism for disbursing these bonuses and promotions, especially since the Federal Court has approved this matter. We have approached all ministries to send us the lists. Some of them have been sent and others will be sent in the following days.” ", stressing that "the issue requires meetings between the two parties and

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Oil Minister: The resumption of Kurdistan exports is imminent, and the region must deliver its oil to SOMO Time : 2024/04/17 20:03:33 Read : 1 651 times Oil Minister: The resumption of Kurdistan exports is imminent and the region must deliver its oil to Sumo - Euphrates News (alforatnews.iq) {Economic: Euphrates News} Oil Minister Hayyan Abdul Ghani confirmed the imminent resumption of oil export of the Kurdistan region. Abdul Ghani said in a press statement from Washington, a member of the government delegation currently visiting the US capital, headed by Prime Minister Muhammad Shia al-Sudani, that "the ministry sent a letter to the Kurdistan Regional Government to deliver oil produced from the fields to the only SOMO company authorized to market Iraqi oil, to be exported through the Iraqi-Turkish pipeline to the port of Ceyhan." Regarding reaching an agreement with oil companies operating in the Kurdistan region, he pointed out that there is no direct relationship between the oil companies operating in the region and the federal government. "Therefore, the region has been informed of the need to hand over copies of these contracts to be studied and adapted under the constitution," he added.

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Al-Ardawi: The Sudanese government seeks to liberate the Iraqi dinar and stabilize the economy Time : 2024/04/17 20:34:05 Reading : 208 times Al-Ardawi: The Sudanese government seeks to liberate the Iraqi dinar and stabilize the economy - Al-Furat News (alforatnews.iq) {Politics: Euphrates News} Political analyst, Abbas Al-Ardawi, confirmed that the visit of Prime Minister Mohammed Shia Al-Sudani to Washington came to liberate the Iraqi dinar and stabilize the economy. Al-Ardawi said {to Al-Furat News} that: "The visit comes in a very hot situation and everyone is waiting for its outputs, and the Sudanese carries a large team of economists and investors and carries ideas and projects heading towards consolidating the relationship with the American side and transferring it from the guardianship process to friendship and opening files and outlets through which the relationship can be framed in a way that allows Iraq to take its pivotal role in the region." "Everyone is aware of the importance of Iraq from all sides and the need for it to stand on its feet after 20 years of political conflict," he said. "The Sudanese government seeks to invest and attract investors and is moving seriously towards the path of development and trying to transfer the area of problems in the region through conferences held in the region or preceding this meeting, and the need to move the region from a stage of conflict to a stage of dialogue," al-Ardawi said. Wafaa Alfatlawi

Al-Sudani speaks from Washington about a plan to dispense with the electronic dollar platform economy Ultra Iraq 17-Apr-2024 Prime Minister Mohamed Shia Al-Sudani met at his residence in Washington, D.C., on Wednesday evening, the President of JPMorgan, Masha Cloufuxi, with a delegation from the bank. The meeting witnessed, according to a statement published by Al-Sudani's office, "discussing the government's efforts in implementing financial and banking reforms, in light of the path it pursues towards advancing the economic reality and achieving development, as well as discussing the government's measures in developing the government banking sector, through its contracts with major international consulting companies specialized in banking reform, and encouraging private banks to open accounts with foreign banks to be correspondent banks, according to a plan aimed at dispensing with the electronic platform by the end of this year." Al-Sudani said, according to the statement, that "it is not possible to work in any development sector without reform steps for the banking sector, and the need to continue dialogue with the US Treasury, the US Federal Bank, the International Monetary Fund, and other international financial institutions." The President of the US Bank praised "the efforts of the Iraqi government in activating, developing and qualifying government and private banks, and its procedures in the field of providing assistance to Iraqi private banks," stressing "its support for the activities of the Iraq Fund for Development and its readiness to provide expertise and assistance in the field of training, cooperation and partnership."

Prime Minister: It is not possible to work in any development sector without reform steps for the banking sector

PM receives JPMorgan President in Washington Political Today, 19:32

The Association of Iraqi Private Banks praises Sudani's visit to Washington Economic News Agency - The Association of Iraqi Private Banks praises Sudani's visit to Washington (economy-news.net) Economy News - Baghdad The adviser to the Iraqi Private Banks Association, Samir Al-Nasiri, stressed on Wednesday the importance of the current visit of Prime Minister Mohammed Shia Al-Sudani to Washington with regard to financial and banking talks. Al-Nasiri said in a televised interview followed by "Economy News", that "Prime Minister Mohamed Shia Al-Sudani and his accompanying delegation, held an important meeting in Washington with the Undersecretary of the US Treasury Department to discuss areas of cooperation in the financial and banking aspects." He added that "the meeting came out with an official statement that clarified that there are measures that will be taken in light of what took place in these negotiations," noting that "there is great government interest in achieving the financial and economic reform process and there is American praise for this reform process." "The Iraqi banking sector hopes that this visit will achieve its objectives with regard to the rehabilitation process that the Central Bank of Iraq began in 2023 in compliance with international standards," al-Nasiri said. "Next month, three Iraqi banks will be added to those that have opened an account in the United Arab Emirates, as well as those that have correspondent banks in some countries of the world and practice foreign trade financing operations in dollars and other foreign currencies," he said. Views 42 Added 2024/04/17 - 6:44 PM

Parliamentary finance: The private sector is the only way to economic stability Economic News Agency - Parliamentary Finance: The private sector is the only way to economic stability (economy-news.net) Chairman of the Parliamentary Finance Committee Atwan Al-Atwani Economy News - Baghdad The Parliamentary Finance Committee announced on Tuesday the intention to host the Governor of the Central Bank Ali Al-Alaq to discuss three main files, while noting that the private sector is the only way to economic stability. The head of the committee, Atwan Al-Atwani, said in a statement reported by the official news agency, and seen by "Economy News", that "the Prime Minister directed to support private banks," noting that "the committee intends to host the governor of the Central Bank on this directive as well as the issue of the dollar exchange rate and discuss what was adopted by the Finance Committee for the sustainable development project." He explained that "the committee adopted the enhancement of non-oil revenues, as the urgent need for development projects and increase revenues given that the price of oil and its quantity is fixed, so there is no expansion of spending," noting that "this experience will be discussed with the governor of the Central Bank." He expressed his support for the Prime Minister's directives on supporting private banks and involving them in the Iraqi economy, noting that "the private sector is the only way to raise sustainable development and economic stability, and this comes through the automation system, digital transformation and a range of other measures." Views 45 Added 2024/04/16 - 9:10 PM