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6ly410
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Kurdistan Region Finance announces the distribution of salaries for the region’s employees next week
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
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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."
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PM receives JPMorgan President in Washington
Political- Today, 19:32
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The Association of Iraqi Private Banks praises Sudani's visit to Washington
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.
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Added 2024/04/17 - 6:44 PM
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Parliamentary finance: The private sector is the only way to economic stability
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."
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Added 2024/04/16 - 9:10 PM
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Economist: Financial reform is an important file with the visit of Sudanese, Iraq is an attractive environment for investment
{Economic: Al-Furat News} The economic expert, Abdul Rahman Al-Sheikhli, stressed the importance of the financial reform file with the visit of Prime Minister Mohamed Shia Al-Sudani.
Al-Sheikhly said to the program {Free Speech} broadcast by Al-Furat satellite channel this evening: "
The main goal of this visit as specific to the transition of the two countries to a new stage and its details are part of the government program for Sudanese.
The visit to Washington came to complete the Sudanese ministerial program, and today there is a bright picture of the new Iraq.
- A number of topics will be addressed during the visit, including financial and economic reform, especially in the subject of banks, and this needs coordination with the US Treasury.
Iraq must deal with major companies to develop the situation in the country, especially since it has recently become an attractive environment for investment.
There is an advisory committee that will hold its first meeting with officials in the US Treasury and officials to discuss a number of topics, the most important of which are the work and management of banks, in addition to discussing the files of trade, energy, education, investment, transportation, culture, anti-corruption and asset recovery.
Financial and administrative corruption has been rampant in the body of the state for 20 years, and now that the political and security situation has stabilized, companies have been encouraged to invest in Iraq.
We have 20 minerals that are not yet invested in Iraq.
Iraq in Asian countries is considered the second attractive country for investment and the Sudanese succeeded in controlling the rhythm of foreign financial relations.Wafaa Alfatlawi
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Kurdish MP: Sudani's success in the dollar crisis is the most important step in Washington's visit
Politics / Economy | Today, 16:25 |
Baghdad Today - Sulaymaniyah
MP for the Patriotic Union of Kurdistan (PUK) Iman Abdul Razzaq said on Monday (April 15, 2024) that the success of Prime Minister Muhammad Shia Al-Sudani in addressing the dollar crisis is the most important step if it is completed with his visit to Washington.
Abdul Razzaq said in an interview with "Baghdad Today" that "the success of the Sudanese in this file and the lifting of the ban on Iraqi banks and the injection of dollars normally is the most important success for the Sudanese government if it is fully achieved."
She added that "the dollar crisis suffered from the citizen and exhausted his pocket and raised market prices, and therefore the success of the Sudanese to address it will be important, and we believe that the visit will be able to address the crisis in agreement with US President Joe Biden."
Officials from the Central Bank of Iraq, headed by the Governor of the Bank Ali Al-Alaq, are part of the delegation accompanying the Sudanese on his visit to Washington, while the file of lifting the ban on some banks prohibited from dealing in dollars in Iraq is part of the agenda of Sudani's visit.
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Experts: Prime Minister's visit to Washington will achieve significant financial and economic gains for Iraq
Economy / Investigations & Reports- Today, 18:38
Baghdad – Waa – Amna Al-Salami
Economists and political analysts agreed on the importance of the economic and financial aspect of the visit of Prime Minister Mohamed Shia Al-Sudani, noting that it will strengthen cooperation relations in the files of banking reform and the fight against corruption and achieve significant financial and economic gains for Iraq.
Activating economic and financial
cooperation Writer and political analyst Haitham al-Khazali told the Iraqi News Agency (INA) that "the visit is of great importance because it will discuss activating the strategic framework agreement and getting the relationship with the United States out of the security framework to the rest of the frameworks stipulated in the strategic framework agreement by activating cooperation in the financial, economic, environment, energy and anti-corruption aspects."
"We believe that this visit will be crowned with success and contribute to achieving significant political and financial gains due to Iraq's increasing importance in the region, its openness to the countries of the world, investment opportunities and existing economic resources, and the possibility of establishing economic partnership relations with the United States and cooperation in all other aspects, the most important of which are banking and economic reform, combating corruption, energy and addressing the effects of climate change," he said.
"The prime minister is expected to meet with officials in the US Treasury Department, and the meeting could contribute to lifting sanctions on some Iraqi banks and easing the conditions for financial transfers to Iraq, which will contribute to strengthening and strengthening the Iraqi dinar against the US dollar," he said.
"It is also hoped that the visit will witness the signing of agreements with companies investing in conventional energy as well as in the field of clean energy in cooperation with American companies, while strengthening cooperation in banking reform, activating anti-corruption laws and global transparency agreements, and supporting Iraq's efforts to recover its wanted and funds in the United States," he added.
Addressing the file of disabled
banks Mustafa Akram Hantoush, a specialist in financial and banking affairs,
told the Iraqi News Agency (INA): "The visit carries economic goals of 50% of its agenda, especially from the banking side, and the prime minister is aware and fully oriented towards supporting the reform of the banking sector, which is included in the ministerial program."
He added, "The prime minister is supposed to meet with representatives of major US banks to request facilities for the Iraqi banking system, as well as he will meet with officials of the US Treasury Department and the Federal Bank, and we expect that there will be an official request to remove sanctions on some of the sanctioned banks that have not been proven violations."
Iraq turned into a workshop
Meanwhile, economic expert Abdul Hassan al-Ziyadi confirmed in his interview with the Iraqi News Agency (INA) that "Iraq seeks to invest in the strategic framework agreement and the visit would remove the problems, especially financial, that plagued the relationship between Baghdad and Washington in previous governments, which the current government moved to implement real reforms to end it."
He added that "the government of Prime Minister Mohammed Shia al-Sudani has implemented actual and practical steps in the field of financial and banking reform, accompanied by economic mobility to implement important projects that turned Iraq into a workshop, which invested in government work that enhanced political and security stability and provided the appropriate ground for the private sector and foreign investment to exploit the great opportunities in the fields of construction, reconstruction and strategic projects."
He added that "the activation of the strategic framework agreement with its financial, economic and investment aspects will contribute to the United States, as the first economy in the world, playing an important role in supporting the investment movement and the Iraqi economy," noting that "the Prime Minister accompanied with him a delegation representing the Iraqi Private Sector Council, and this is a precedent that occurs for the first time in Iraqi governments, and it represents great support for this sector in establishing partnerships with American investors and companies to support the investment movement in Iraq."
An important visit in light of regional
conditions Economist Nabil al-Tamimi said in his interview with the Iraqi News Agency (INA) that "the visit is one of the most important stations for drawing Iraq's foreign policy in light of the current regional conditions and its main goal is to draw the future relationship between Baghdad and Washington through bilateral agreements, and the fact that the Prime Minister is working to draw a framework for the relationship between Baghdad and Washington that suits Iraqi ambitions to preserve sovereignty as well as enhance economic and trade cooperation and cooperation in combating corruption."-
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His political adviser to Rudaw: #Sudan's visit to Washington will discuss joining #Iraq with the international financial system
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2 hours ago, ronscarpa said:
noting that there was a change in its schedules.
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7 minutes ago, Dinarrock said:
This is correct and I have read it a long time ago, Iraq cannot join the WTO at their current program rate period, it must change!!
Excellent…
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GO RVVV APRIL / 24
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let’s go… RV
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Oil Minister: The resumption of Kurdistan exports is imminent, and the region must deliver its oil to SOMO
in Iraq & Dinar Related News
Posted
imminent