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Antoine: The current tax system has not achieved social justice

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1 hour ago, ChuckFinley said:

 

First Round is on me.  Been to fringing long.  :lol:

 

How many boat loads of lobsters do you like we will need?  :D

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8 hours ago, nannab said:

 

How many boat loads of lobsters do you like we will need?  :D

As many as we can handle, love those lobsters.  

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The five-year plan establishes an effective development state

   
 

 
 


20/5/2018 12:00 am 

The proposal to establish a follow up sub - plans 
Baghdad / Hussein Tgb 
is a five - year plans an important focus in achieving development goals, it included important projects coincide with the human development taking place in the country and the growing need for services and expansion continuously, which can be informing the user through this kind of plans. 
A member of the Baghdad Economic Forum Amer Jawahri said: "The importance of launching the plan for the national economy stems from interfering with the strategies adopted and with the goal of taking concrete actions to clear the economy by focusing on all the basic productive and service sectors and increasing productivity for the individual and institutions and to make extraordinary efforts to achieve the objectives and productivity and planned service for all institutions And to promote, support and develop all private and private sector businesses and projects to convert a number of public companies into joint stock companies listed in the Iraqi Stock  
Exchange. " Annual plans
                        

 He added that "the five-year plan is divided into five annual plans is the annual planning budgets, and the plan is part of a number of plans, which must be to achieve Iraq's strategy and vision towards 2030, and it is time to develop the vision until the year 2040, Of the implementation of the measures and steps systematic and serious because its implementation will reflect on the development of serious steps towards achieving prosperity for Iraq. "        
It is imperative to meet the real challenge. The challenge is to effectively implement the five-year plan and the sub-plans to put Iraq on the path of the right productive product, in strict accordance with the rule of law methodology, fighting corruption and bureaucracy, and implementing the principle of good governance and stringent standards for selecting competent economic leaders to put them in the right place. Really.  Group participation



"The launch of the plan requires the collective participation of all government institutions, the private sector, civil society organizations, unions, professional, cultural, technical and sports organizations, youth and women's organizations. Therefore, we believe that the National Development Plan (similar to the Central Bureau of Statistics) And its sub-plans towards the implementation of plans towards Iraq 2030, a competitive product attractive to investment. "  Education campaigns and the jeweler that "community participation is absolutely necessary for everyone to know the usefulness and reflection of their direct and indirect efforts on the prosperity of society and their children and grandchildren, to achieve this requires education and awareness campaigns with the establishment of mechanisms to engage those institutions to participate each in the implementation of specific activities," noting that " "It is important and useful to involve all media and the arts in this future national effort." 
      


He pointed out that "the proposed body ensures the diligent professional implementation and the achievement of the results of the sub-plans and the five-year target for long-term vision as the biggest challenge to be an effective parliament and authority by using the people and its institutions the stakeholder ... Therefore, the priorities of the proposed mechanism to establish a mechanism for monitoring, . 
Al-Jawahiri said that "the proposal to include the management body of the device representatives of private sector organizations and professional organizations, and the mechanisms of the work of the body and all institutions must be national excellence, everyone must support the procedural steps and the work of the body with historical responsibility." Good governance



"The five-year plan is gaining importance because it includes key axes, including good governance and the private sector, reconstruction in the provinces and alleviation of poverty, and focus on the promotion of productive sectors (agriculture and industry) and increase the production capacity of electricity that move the rest of the sectors to the rate of The plan also includes increasing production capacity in the crude oil sector, providing sustainable employment opportunities, reducing poverty, and launching loans in 
liberated areas  . " 
He stressed that "the implementation of the five-year plan will work to establish the application of the foundations of the development of active social responsibility in Iraq and not rely on the sources of oil in the first place."
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The importance of tourism as an oil resource in terms of resources

 
 

 
 

22/5/2018 12:59 am 
 
Amer Eissa Al-Jawahiri 
The strategy of private sector development approved by the Council of Ministers at the end of June 2014 stated that strategic plans and new policies aimed at the priority areas, including the tourism sector, will be developed within (6) key sectors targeted in the strategy based on the following areas: Promotion and publicity, finance, strategic partnerships, human resources and consumer business 
Popular industries 


The government program 2014-2018 ensures that the facilities and tourist areas are rehabilitated. The strategic priorities document in the ministries' plan of action is to protect the cultural heritage of the society and to spread the Iraqi culture through the reconstruction and rehabilitation of places of worship, cultural and artistic centers, In addition to promoting the status of religious and archeological tourism through: the establishment of buildings, complexes, tourist and archaeological facilities / support and protection of popular industries to revive the popular industries and prevent their destruction and the role of this in the advancement of The dissemination of Iraqi culture and the marketing of intellectual production inside and outside Iraq, and attention to cultural and entertainment centers through the dissemination of Iraqi culture and marketing of intellectual production of Iraq and publications and introduce the reader to the civilization of Iraq and its culture and folk arts. 
                                                                                                      
private sector 
The comprehensive reform document called for the activation of a number of key sectors, including tourism, with exceptional attention, particularly with regard to supporting the private sector to take its rightful place in the Iraqi economy. But practically we find that most of the plans did not implement the required vision and serious will and collective implementation. 
It is known that tourism is a permanent river. There is the concept of the tourism industry and culture. The tourism boom needs to develop a vision, strategy and plans and most importantly take effective measures to manage, support, guide and revitalize this important sector, which is one of the main economic sectors that should be targeted to diversify. 
Economy. 


Board formation 
Despite the lack of noticeable results from many councils and bodies that have been formed for other activities, but we propose to form a "Supreme Council for Tourism" and ensure the participation of all stakeholders and stakeholders from the government and private sectors. The Council shall develop a strategy for tourism development, activate it, follow up its implementation, overcome obstacles to its expansion, and ensure its advancement in all its branches, as it accelerates tourism, which is labor-intensive and activates many economic activities and improves Iraq's competitiveness and investment environment. 
There was such a council in Iraq but was canceled in 1975, and it is worth mentioning that there is a higher council for tourism in Egypt headed by the President of the Republic and in Syria under the Prime Minister. 


Tourism Promotion 
It draws attention to the degree of neglect of archaeological and historical sites, whether dating back to ancient periods or very dating back to modern history, especially those located within cities such as houses, sites, mosques, historic shops and Abbassid palaces, including the roads leading to those sites. This reality is a real danger of causing the vandalism and continued tampering with the loss of the opportunity to benefit from the revitalization of tourism, so the preservation and development of sites and services necessary for them to be actual tourist facilities a historic responsibility on the shoulders of those who aspire to tourism activity in Iraq, all of them. It is noteworthy that he entered Iraq in 2013 with a total of 892000 visitors from more than 36 Arab and foreign countries. Iraq does not have a standard international standard of tourism requirements. How can efforts be made to attract several million tourists and visitors for various purposes? 


Economic file 
As we are in the formation of a new government is the economic file and diversification of the most important paragraph in which the tourism sector, we recommend that this sector is one of the important paragraphs in the government program 2018-2022 is an opportunity to leave a historical footprint and that the devices 
Executive: 
1- Taking into consideration the intermingling and harmonization of the activities of tourism, archeology, culture, arts, theaters, sculptors' workshops, festivals, exhibitions, cultural councils, historic, heritage and religious sites in cities, river banks and sports activities. 
Their applications. 
2. A plan shall be developed and implemented for the rehabilitation and development of all the sites, the targeted activities, the services and the roads leading to them, and the improvement of their management methods to receive and interest tourists and visitors. 
3 - Choosing the best tourist sites whether historic, natural, natural, heritage, cultural or distinctive landmarks, old shops and Nashlan in each province and configured to be ready to receive tourists and listed on the site or more specialized websites so that any visitor to Iraq to see and planning to visit and make communications and inquiries and reservations In advance. It is necessary to select regions and arrange them to be converted to target centers 
tourist. 
4 - Holy shrines, archaeological mosques, churches, monasteries and holy places of all faiths and distinguished by its architectural designs, large and small museums and Abbasid palaces such as Mustansiriya School, Sharabiya School, Khan Murjan, Old Baghdad Gates, 
Of the site 
5 - The actual rehabilitation of Al-Rasheed Street and possible stages and attention to all the symbols and landmarks of the street since its establishment, whether the existing ones and the return of life for everything that left the activity, Kalmtnep all facilities, mosques, churches, cafes and markets and shops and different districts and revive the market Safafir and Mustansiriya. As well as the rest of the old Baghdadi areas and the required popular promotion. 
6 - In coordination with the associations of handicrafts, folklore and artisans and direct contact with them to support and develop their activities and production and the organization of special sites to display and market their products easily for tourists and visitors and to ensure the development of their production in quantity and quality and keep them from extinction and is not reflected in the economic and employment and tourism, Special to display their products in all exhibitions organized in Iraq for free 
In support of them. 
7 - Rehabilitation of the narrow alleys of the old shops in Baghdad and the provinces and prepare for the views of tourists, including access facilities and enjoyment of the required and different logistical services. 
8. Updating the role played by tourism institutions and institutes in coordination with specialized organizations and federations in the field of tourism, administration of large tourist facilities and archeological and heritage sites to develop curricula and develop the capabilities of all departments and employees of these facilities and follow them. This includes rehabilitation of guides, translators, specialists in archeology, heritage and tourist areas. 
9 - The creation of programs and activities tourist and cultural - media - economic initiatives characterized by the use of Iraqi characters and symbols and competencies at home and abroad to promote Iraq in coordination with public institutions and the Association of travel offices and the Association of hotels and others concerned with tourism and civil society organizations specialized and in coordination with Iraqi embassies and media: marketing 
Tourism of Iraq. 
10 - Media campaigns and comprehensive and sustainable awareness that contribute to the promotion of ethics and values of tourism work and promote the culture and spirit of conservation and attention and pride and respect for the effects and heritage, culture and cultural milestones and promote the increase of attention and attention to tourists to promote a spirit of friendliness and security and assistance, in addition to the role of these campaigns to increase the official attention, This industry is associated with many activities 
Other. 
11. Organizing comprehensive and continuous television and radio programs that deal with archeological, heritage and tourist areas of all kinds, cultural, literary and artistic, which encourage, follow up and promote. 
12 - The departments of all governorates and in coordination with the specialists and the Supreme Council for Tourism take effective measures on the ground with interest in the tourism industry and culture. For example, the visitor to the effects of "Ur" and the Marshlands is shocked by the size of the work required to take care of these effects and areas, Tourists have easy access to those sites and take care of the leading roads 
to her. The same applies to all archeological sites and heritage throughout Iraq with the availability of publications and maps are easy to obtain at acceptable prices. 
13. Develop and implement mechanisms to facilitate the granting of entry features in coordination and support of specialized federations. 
14 - Leaving the pretext of financial allocations and the search for funding means for the rehabilitation and development of all tourist facilities and the establishment of new cultural centers, with the expected direct and indirect resources to improve the domestic tourism activity and foreign visitors, it is possible to establish electronic collection systems to enter the tourist facilities. 
In conclusion, the improvement and revitalization of the tourist, cultural and artistic reality is directly related to improving the investment environment. 


* Member of the Baghdad Economic Forum 
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The five-year plan has doubled the demand for investment in Iraq

   


23/5/2018 12:00 am 

Implementation of the private sector is subject to the availability of capital

Baghdad/Suha Al shaikhli 

Recent five-year plan focused on partnership with the private sector by 40% of the investment volume is equal to 88 trillion dinars 60% for the public sector and equal 132 trillion dinars, as contained in the plan's assurances that the private sector could achieve this percentage will Increase, knowing that the Government have already announced two years ago to develop the private sector until 2023 to enable private sector development leadership.

Private frequency.
Competent economic host said businessmen Union Hussein Rahim fyp "perhaps the private sector reported a timid or reluctant to work under the plan due to non-payment of all financial dues for periods 
The former ".
He continued in the interview for "morning" and "the other reason is administrative and financial corruption in some government departments, the contractor when he comes to work is hampered by this fact, added to the hamper interventions cause delay completion and fines for delay."
Rahim said "there are other reasons as routine, in order to complete the transaction and investor proceeds to work a long way from reviews that can change prices of raw materials in production or wages during the period of review, what might cause a loss to the investor."


Bank liquidity and investor
Why private frequency between the "private banking liquidity or investor if it was large and held in one of the State banks will suffer from the problem of determining the amount of clouds and there is no pull open", stressing the need to provide facilities for overdrafts, because the current banking system conforms with Advanced stage compared with global banks, aware that private banks have more flexibility in dealing with its counterpart 
"Government.
"The five year plan, which is supposed to begin early in 2018, if started at the end of this year will be a partial work, however if I started with implementing Decree of the year 2019 to 2022 would be a significant role for the private sector, 40 percent of the private sector and 60 percent of the public and will be between Namely, the possibility of the existence of 
In common. "



The success of the five-year written
Raheem felt that "the success of the plan depends on the possibilities for their implementation at present, besides the financial possibilities available which will in turn depend on loans and grants from other countries whether or not
, Indicating that the amounts of the Kuwait Conference for reconstruction has not received any amount until the private sector 
Now ".
Rahim said that the private sector is ready to work on construction projects and reconstruction of ruined cities and even in Baghdad being need several units to dispose of 
Slums. "
"We have companies willing to build a vertical housing units are marketed through loans for citizens to benefit from these units to the construction activity means reducing the proportion 
Unemployment ".
Private stages reviewed by saying "was a distinct role for the private sector by year 
2003, by the 1970s the economy 
, There were factories and plants produce as it flourished in 1970s electronics and electrical industries, covering the needs of the Iraqi market
In the 1980s, started factories and plants, causing deterioration in Government and industry sector 

http://www.alsabaah.iq/ArticleShow.aspx?ID=157554
.

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Iraq sets a date to announce the launch of a five year plan to announce the date of the launch of the five year reconstruction plan. the date of the announcement will be announced ... SOON, and on that date, the date of the launch date will be announced.

(MEANWHILE, BACK AT THE RANCH, UNCLE JESSE WAS COOKIN UP SOMETHIN SPECIAL FOR BOSS HOG.)

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The Iraqi Government encourages the growth of the private sector

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AJLlDp21yJb7uMFeKF1oIbYWTJmdVqalRg6C9IXE
Published on May 23, 2018
 
SUBSCRIBED 259
The Iraqi Government is implementing an economic policy that encourages the growth of the private sector reduces red tape, attracts international investment and ensures a fair distribution of Iraq's national wealth
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The day these people go from just talking about everything and get into the phase of actual ACTION. . . Well, I think I’ll just faint ! My luck, I’ll strike the coffee table on the way down, go comatose, then wake up 30 years later just to have the whole family tell me what a wonderful time they’ve been having with MY MONEY 💰- then I promptly kick the bucket 🤪

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2 hours ago, 10 YEARS LATER said:

The day these people go from just talking about everything and get into the phase of actual ACTION. . . Well, I think I’ll just faint ! My luck, I’ll strike the coffee table on the way down, go comatose, then wake up 30 years later just to have the whole family tell me what a wonderful time they’ve been having with MY MONEY 💰- then I promptly kick the bucket 🤪

Better get a piece of paper out and tell them what you have three wishes. You will be the final thought when they run out of cash. Start with some good Scotch, nice cruise , and a three more wishes. 

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3 hours ago, ChuckFinley said:

Better get a piece of paper out and tell them what you have three wishes. You will be the final thought when they run out of cash. Start with some good Scotch, nice cruise , and a three more wishes. 

 

Good Idea ! :bravo:

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The country of Iraq is busy with politics, bs, wars, terrorists, religious extremism, corruption etc. For them to embrace business, economics, “capitalism “, etc. and integrate that into their society..... 

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Iraqi economy issues a new set of instructions for appointment to state institutions

Iraq issues new instructions for appointment to state institutions

Twilight News    

 8 hours ago

[Asharq Al-Awsat] The Iraqi Council of Ministers has issued new instructions for the recruitment of job grades resulting from the movement of owners. 
According to these instructions, the Ministry of Finance will provide ministries and entities not affiliated with the Ministry of the table includes the grades approved until the end of 2016 showing the number of degrees resulting from the movement of owners of each ministry or a non-linked to the Ministry and corresponding titles. 
A statement to the Secretariat of the Council of Ministers "shall be made by order of the competent minister or the head of the non-affiliated body of the committee to consider applications for applicants and re-appointment where the vacancies will be announced on the website of each of the referred parties. The announcement includes the title of the job, salary, And applications for appointment to fill vacancies advertised in accordance with the application form form are accepted within 20 days of publication. "
"The names, qualifications, years of graduation, rates and degrees obtained in the test will be announced," the statement said. 
The instructions specify 10 percent of the vacant grades for the appointment of the families of the martyrs, political prisoners and martyrs of the popular crowd according to the percentages prescribed in the laws in force for the said segments, and not less than 5 percent of the grades for the appointment of holders of higher degrees. The instructions set a minimum rate of 5 percent Special needs, and the first three are appointed from each college and institute without passing the mentioned mechanism and in the absence of available vacant grades apply the mechanism shown between them.
The statement pointed out that "the instructions have set the rules of calculating the points of differentiation between applicants for appointment, where the contractor is awarded with the state institutions two degrees for each contractual year and no more than 20 degrees, and gives the daily employee and volunteer to work degree for each year and no more than 15 degrees, On the graduation rate of 25 degrees and a very good rate of 20 degrees and a good rate of 15 degrees, and those who have an average graduation rate is given 10 degrees, as well as one degree for each year before the graduation of the applicant for appointment and gives married and has children 15 degrees and widows or The Absolute has 10 children and is married and has no children of 5 degrees, with Observed that not to grant any unmarried degree does not mean exclusion from the competition. "

"Applicants who are not aware of the role in the recruitment of those who have passed the test will be able to reserve similar jobs that may be created in the future." 
A committee in the Secretariat General of the Council of Ministers and members of the representatives of the Ministry of Planning and the Integrity Commission and the Bureau of Financial Supervision and the Ministry of Finance to consider complaints filed by citizens on the work of committees formed in ministries and entities not associated with the Ministry or the cases of appointment that was contrary to the provisions of these instructions and make recommendations to The President of the Council of Ministers shall 
also be compensated the sons of the Christian component of the same component without going through the mechanism referred to except in the case of increasing the number of applicants on vacant grades in the application of the said mechanism. 
The statement said that "these instructions are implemented from the date of issuance and the relevant parties bear full legal responsibility for any cases of appointment contrary to its provisions.
He stressed that "Prime Minister Haider Abadi, keen not to exploit the tools of power or position and positions of responsibility in the electoral competition and influence the will of the voter illegally through the investment of appointments, it was likely to approve these instructions in the Council of Ministers after the elections and to find a precedent in The State Administration is to stand on the same line of initiation among all the electoral contenders and not to use the capabilities of the state and the government's capabilities in the electoral race, and to reinforce the values of integrity that it has adopted since the formation of the government in advance, as a model in the professional governmental administration away from any form Partisan or nepotism in his belief in the importance of activating the principle of equal opportunities among all the contenders, and that the superiority of those in power over others.


Keywords: 

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Economist: Iraq does not have an economic policy and chaos is prevailing

Economist: Iraq does not have an economic policy and chaos is prevailing

 

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27/05/2018

Follow - up 
said economic expert Majid picture, on Sunday that Iraq has no economic policy and chaos is prevailing, indicating that the error of Iraq and some countries in the adoption of its economy on oil.

"The price of oil can not be predicted, and all depend on a series of operations that either lead to a drop in demand or rise, and prices control a set of political actions," he said in a statement. "The country that wants to adopt or achieve development Economic should not rely on one source, which is oil, and must rely on various economic sectors. "

He explained that "Iraq does not have any economic policy and the chaos is prevailing in the arena, there are no economic visions in Iraq and therefore there is no financial policy," noting that "the sale of Iraqi oil is less than the average price declared, as the stated price represents Brent oil More expensive than Iraqi and Gulf oil in particular. "

He stressed that "Iraq must calculate its oil profits when it achieves the quantity sold in the budget planned, where we note today the price increase with the reduction of quantity sold."

zm 

http://aletejahtv.com/archives/229719

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Abadi discusses with the Investment and Reconstruction Committee the files of the port of Faw and the army channel

19:33 - 10/06/2018
 
  
photo_%D9%A2%D9%A0%D9%A1%D9%A8-%D9%A0%D9

Information / Baghdad

Prime Minister Haider al-Abadi discussed on Sunday with the Higher Committee for Investment and Reconstruction files investment of the port of Faw and the army channel and the refinery of Karbala.

"Prime Minister Haider al-Abbadi presided over a meeting of the Higher Committee for Investment and Reconstruction," the prime minister's media office said in a statement received by Al-Maaloumah.

He added that "the meeting was to discuss the investment of the port of Faw and the offers and the length of time for its establishment and completion of the negotiation stages by the Negotiating Committee to choose one of the offers."

He added that "the committee also discussed the draft of the army channel has been approved the two books of the Ministry of Planning on the subject and instruct the National Investment Commission to grant an investment license to start implementation of the project immediately."

"The committee also discussed the completion of the Karbala refinery and approved the plan of the Ministry of Oil for funding."

He pointed out that "the meeting discussed the implementation of a number of other projects in the field of investment and reconstruction to suit the requirements of the next phase." End 25 n

http://www.almaalomah.com/2018/06/10/317117/

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A roadmap to drive the Iraqi economy forward

 

22 Jun 2018 – 9:09 pm

 

Resounding Victory

At the height of its reach, Daesh occupied almost 40% of Iraq’s territory. A tragedy for the communities they enslaved and also for Iraq’s economy: the area occupied produced 80 thousand barrels of crude oil in 2014. The December 2017 liberation of Iraq was therefore a significant release for both people and economy.

 

Iraq’s economy has proved extraordinarily resilient. It has weathered serious crises, and still suffers from real structural issues within the production and financial sectors, the result of a myriad causes including the lack of strategic economic policymaking and national resources drained by military operations.

 

Despite the heavy burden of military liberation, the Government of Iraq remains committed to resurrecting the economy, and quickly: overcoming challenges such as the cost of basic services and civil servant salaries. To get back on track it must deal with the gap in investments which must be financed through internal or external sources, all while developing a competitive and attractive investment environment.

 

A Revitalized Vision

 

In August 2015, Iraqi PM Dr. Haider Al Abadi proposed a series of reforms centered around government efficiency and anti-corruption. Alongside ongoing oil revenues, local economic reform measures that cut down on non-vital public expenditure and raise collection rates from sources such as customs, duties and other sources of public revenue, this pathway should have a substantial and measurable impact on the fiscal budget and domestic resources available.

 

The Government of Iraq also implemented a number of reforms aimed at increasing Iraq’s competitiveness on the investments and ease-of-doing-business index, through removing barriers and cutting down on red tape facing local and international investors. These reforms now allow entrepreneurs and investors to start up their operations in a much shorter time while streamlining the government record-keeping and tax accounting.

 

A New Dawn for Iraq

 

Fiscal reform policy effect can be seen in several sectors, and an increased stream of non-oil revenues is now apparent. A total of 2,219 and 2323 new private sector companies were registered in 2016 and 2017 respectively; the Iraqi securities exchange also witnessed an increased trading volume that grew from ID 516 bn to ID 900 bn in the same period.

 

The World Bank confirms that Iraq has been successful in implementing structural reforms in local regulation, helping to facilitate new businesses, supported by better access to credit and financing facilities.

 

“The Government of Iraq has launched a fundamental economic reform agenda based on the framework of its 2014-2018 Government Programme which put institutional economic reform and private sector development at the forefront of its priorities,” said Saruj Kumar Jaha, Regional Director for the Middle East at the World Bank.

 

The government has also strengthened the credit information infrastructure with the launch of a credit information bureau managed by the Iraqi Central Bank. As of January 2017, this includes five-year histories of 234,967 individual and 4,877 commercial loans.

 

The government has also succeeded in enhancing the country’s investment ecosystem and positioning, ratifying the following economic and investment agreements:

 

  • In 2015, Iraq joined The International Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention), one of the key instruments of international law that protect and promote foreign investment.
  • In 2017, Iraq ratified the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration (the Mauritius Convention on Transparency).
  • In 2018, Iraq ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.
  •  

A Bright and Productive Future

 

Held in Kuwait, Iraq reconstruction conference which wason 12 -14 February 2018. To support to the country following Daesh’s territorial defeat in 2017. The conference, which took drew participants from 76 countries and regional and international organizations, 51 development funds and financial institutions, and 107 local, regional and international nongovernmental organizations, as well as 1,850 private sector representatives .

Investment Opportunities Symposium was held in April 2018. The Symposium demonstrated huge local and international investment appetite throughout all of Iraq’s different provinces and promoted new economic models for Iraq such as Public-Private-Partnerships. PPPs should create excellent opportunities for the country, combining support from public authorities, businesses and civil society. Nine MoUs were successfully agreed, including:

 

  • Central Markets Rehabilitation – Al Mustansiriyayah, Al Adl, Al Amal, Al Salihiyya, and Al Shaab. Total project cost: $250m, awarded to Daeco of the UK.
  • Al Muftiyya Project in Basra – Residential, Commercial and Leisure Development. Total project cost $234m, awarded to Daeco of the UK.
  • Soda Complex and Table Salt Production Plant in Al Muthanna. Total project cost: $80m, awarded to Al Ghaith of the UAE.
  • 3 MoUs with Kuwaiti investment group Jawad Bukhamseen to develop hotels and commercial centers in Al Kadhimiyyah, Kerbalaa, and Samarraa.
  • A 5-star hotel and commercial center in Baghdad.
  • The Satellite E-Government Project.
  • Development of the Baghdad Industrial City.
  • Expansion and development of Al Andalus Specialist Hospital in Baghdad.
  • Establishment of a branch of an international specialized university in Baghdad over 25,000 square meters, awarded to Al Hawadi Group of the UAE.
  •  

These exciting new initaitives correspond to Iraq’s 5-year plan for 2018-2022. The five-year plan seeks to restructure the economy, putting good governance and multi sector reform at its heart, focussed on the recovery of provinces most affected by internal displacement and difficult security conditions.

 

The development of Iraq’s investment environment will also enable the development of various sectors and create more than two million new jobs and more integration with regional economies and the global community, paving the way to a bright future.

 

https://gds.gov.iq/2018/06/22/roadmap-drive-iraqi-economy-forward/

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“ Enuff Chin Wagging “ - WE GET IT ! 

 

Now go go do that Voodoo that YOU DO, so WEEEEEEEEELLLLLLL !!!!!! ( can’t help it, watching Blazing Saddles ) :D

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1 hour ago, 10 YEARS LATER said:

“ Enuff Chin Wagging “ - WE GET IT ! 

 

Now go go do that Voodoo that YOU DO, so WEEEEEEEEELLLLLLL !!!!!! ( can’t help it, watching Blazing Saddles ) :D

Paddle backwards?

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LINK

A roadmap to drive the Iraqi economy forward

1_1.jpg

 

22nd June, 2018


Resounding Victory

At the height of its reach, Daesh occupied almost 40% of Iraq’s territory. A tragedy for the communities they enslaved and also for Iraq’s economy: the area occupied produced 80 thousand barrels of crude oil in 2014. The December 2017 liberation of Iraq was therefore a significant release for both people and economy.

Iraq’s economy has proved extraordinarily resilient. It has weathered serious crises, and still suffers from real structural issues within the production and financial sectors, the result of a myriad causes including the lack of strategic economic policymaking and national resources drained by military operations.

Despite the heavy burden of military liberation, the Government of Iraq remains committed to resurrecting the economy, and quickly: overcoming challenges such as the cost of basic services and civil servant salaries. To get back on track it must deal with the gap in investments which must be financed through internal or external sources, all while developing a competitive and attractive investment environment.

A Revitalized Vision

In August 2015, Iraqi PM Dr. Haider Al Abadi proposed a series of reforms centered around government efficiency and anti-corruption. Alongside ongoing oil revenues, local economic reform measures that cut down on non-vital public expenditure and raise collection rates from sources such as customs, duties and other sources of public revenue, this pathway should have a substantial and measurable impact on the fiscal budget and domestic resources available.

The Government of Iraq also implemented a number of reforms aimed at increasing Iraq’s competitiveness on the investments and ease-of-doing-business index, through removing barriers and cutting down on red tape facing local and international investors. These reforms now allow entrepreneurs and investors to start up their operations in a much shorter time while streamlining the government record-keeping and tax accounting.

A New Dawn for Iraq

Fiscal reform policy effect can be seen in several sectors, and an increased stream of non-oil revenues is now apparent. A total of 2,219 and 2323 new private sector companies were registered in 2016 and 2017 respectively; the Iraqi securities exchange also witnessed an increased trading volume that grew from ID 516 bn to ID 900 bn in the same period.

The World Bank confirms that Iraq has been successful in implementing structural reforms in local regulation, helping to facilitate new businesses, supported by better access to credit and financing facilities.

“The Government of Iraq has launched a fundamental economic reform agenda based on the framework of its 2014-2018 Government Programme which put institutional economic reform and private sector development at the forefront of its priorities,” said Saruj Kumar Jaha, Regional Director for the Middle East at the World Bank.

The government has also strengthened the credit information infrastructure with the launch of a credit information bureau managed by the Iraqi Central Bank. As of January 2017, this includes five-year histories of 234,967 individual and 4,877 commercial loans.

The government has also succeeded in enhancing the country’s investment ecosystem and positioning, ratifying the following economic and investment agreements:

In 2015, Iraq joined The International Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention), one of the key instruments of international law that protect and promote foreign investment. In 2017, Iraq ratified the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration (the Mauritius Convention on Transparency). In 2018, Iraq ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

A Bright and Productive Future

Held in Kuwait, Iraq reconstruction conference which was on 12 -14 February 2018. To support to the country following Daesh’s territorial defeat in 2017. The conference, which took drew participants from 76 countries and regional and international organizations, 51 development funds and financial institutions, and 107 local, regional and international nongovernmental organizations, as well as 1,850 private sector representatives .

Investment Opportunities Symposium was held in April 2018. The Symposium demonstrated huge local and international investment appetite throughout all of Iraq’s different provinces and promoted new economic models for Iraq such as Public-Private-Partnerships. PPPs should create excellent opportunities for the country, combining support from public authorities, businesses and civil society. Nine MoUs were successfully agreed, including:

Central Markets Rehabilitation – Al Mustansiriyayah, Al Adl, Al Amal, Al Salihiyya, and Al Shaab. Total project cost: $250m, awarded to Daeco of the UK. Al Muftiyya Project in Basra – Residential, Commercial and Leisure Development. Total project cost $234m, awarded to Daeco of the UK. Soda Complex and Table Salt Production Plant in Al Muthanna. Total project cost: $80m, awarded to Al Ghaith of the UAE. 3 MoUs with Kuwaiti investment group Jawad Bukhamseen to develop hotels and commercial centers in Al Kadhimiyyah, Kerbalaa, and Samarraa. A 5-star hotel and commercial center in Baghdad. The Satellite E-Government Project. Development of the Baghdad Industrial City. Expansion and development of Al Andalus Specialist Hospital in Baghdad. Establishment of a branch of an international specialized university in Baghdad over 25,000 square meters, awarded to Al Hawadi Group of the UAE.

These exciting new initaitives correspond to Iraq’s 5-year plan for 2018-2022. The five-year plan seeks to restructure the economy, putting good governance and multi sector reform at its heart, focussed on the recovery of provinces most affected by internal displacement and difficult security conditions.

The development of Iraq’s investment environment will also enable the development of various sectors and create more than two million new jobs and more integration with regional economies and the global community, paving the way to a bright future.

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A resounding victory and a road map to push the Iraqi economy forward


8598.jpg 

 

24th June, 2018

After the declaration of absolute victory over the preacher at the end of 2017, the announcement of the Iraqi Prime Minister for the liberation of all Iraqi territory after the occupation of full or partial to many of the Iraqi provinces, including Nineveh and Salahuddin in the north and parts of Diyala in the east and Anbar in the West - nearly 40 % Of the country's territory, which produced 80,000 barrels of crude oil in 2014, represented a historic milestone for the Iraqi people

At the same time, the Iraqi economy has been in a long period of crisis, and suffers from real structural imbalances, whether in the real or financial sectors. This was caused by the absence of economic policy and the lack of long-term relevance. Which is contrary to the rules of modern economic construction, as well as depletion of the country's resources in the wars of liberation and the most recent declaration of victory over a supporter

Despite the preoccupation of the Iraqi government to liberate its territory, it has tended as it tries to lift the economy from its problems in the provision of basic services to citizens and fill the salaries of employees is the deficit and the investment gap, which requires filling from other sources, both domestic investment (private sector) or foreign investment, This depends on creating an enabling investment environment that will convince investors to come to the Iraqi arena or else the difficulties and problems will continue

New political orientations

In August 2015, Iraqi Prime Minister Haidar al-Abadi introduced reforms to reduce the size of the government and address corruption, accompanied by local economic reforms based on reducing unnecessary public expenditures and increasing the efficiency of collecting public revenues, including customs duties and taxes. Non-oil revenues, which are poured into the public budget alongside oil

  The Iraqi government leaders reform program to simplify procedures to help in investment and remove obstacles to investors and businessmen and Iraqis and foreigners and lift obstacles to projects, especially through the start of commercial activity, which became easier in Iraq by combining multiple registration procedures and shorten the time required to register companies. Entrepreneurs are no longer required to register their companies independently with the General Authority for Taxes. In addition, the time required for registration of companies has been reduced, owing to the increased resources available in the registration services and the improvement of the electronic registration system

A new dawn of economic reform is taking place in Iraq

 The effects of the reform initiative have emerged across many sectors, with the flow of non-oil revenue increasing now. A total of 2,219 and 2323 new private sector companies were registered in 2016 and 2017 respectively. The Iraqi Stock Exchange witnessed an increase in trading volume from KD 516 billion to KD 900 in the same period

The World Bank also confirmed that, during 2016-2017, Iraq had been able to implement fundamental changes in the domestic regulatory framework in two main areas: starting business and obtaining credit

Iraq has also strengthened its credit information infrastructure by launching a credit bureau operated by the Central Bank of Iraq, which includes a five-year history of 234,967 individuals and 4,877 commercial loans as of January 1, 2017

"The Iraqi government has embarked on a fundamental reform agenda based on the General Government Framework Program (2014-2018), which places priority on institutional economic reforms and the development of the private sector , " said Saroj Kumar Jha, regional director for the Middle East division at the World Bank

The Government of Iraq also succeeded in strengthening the investment mechanism in the country and put it through the ratification of the following economic and investment agreements:

In 2015, Iraq joined the International Convention on the Settlement of Investment Disputes between States and Citizens of Other States (the International Center for the Settlement of Foreign Trade), one of the main instruments of international law that protects and encourages foreign investment In 2017, Iraq ratified the United Nations Convention on Transparency in Investor-State Arbitration (Mauritius Convention on Transparency) In 2018, Iraq ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards

A bright future and a productive economy

The conference was held in Kuwait with the participation of 76 countries, 107 international and regional organizations, 51 development funds, NGOs and 1,850 private sector representatives to enhance confidence between Iraq and the international community. Victorious of war

In addition to the achievements of the Kuwait International Conference held in Baghdad, "The Forum of Investment Opportunities and Reconstruction of Iraq" in April 2018, which adopted new economic trends such as public-private partnership, which will provide promising opportunities within the framework of the program of economic reform and the alignment of the countries of the world and international organizations, But stressed the sincere desire and determination of dozens of Iraqi and foreign companies, to enter the fields of investment in the provinces of all countries, which signed  9 investment licenses and memorandums of understanding:

Rehabilitation and development of central markets (Mustansiriya market, the market of justice and work, Salihia and people) worth 205 million dollars, the company Daeco British The Muftiyah project in Basra (residential, entertainment and commercial) worth $ 234 million, the British company Daeco The caustic soda complex and the $ 80 million al-Muthanna table salt production plant. Al Ghaith UAE Company The signing of 3 memorandums of understanding with Kuwaiti investor Jawad Bukhmsen to establish 3 hotels and commercial centers in Kadhimiya, Karbala and Samarra 5 star hotel and shopping center in Baghdad E-government project via satellite Construction of the industrial city in Baghdad Expansion and development of Andalus Specialist Hospital in Baghdad A branch of an international university specialized in Baghdad with an area of 25 acres - Al Hawadi Group UAE

              All the above mentioned projects, initiatives and reforms are in line with the five-year plan 2018-2022 and address the problems and obstacles in the framework of the sustainable development journey in accordance with Iraq's vision for 2030 through the strategic objectives and principles adopted by it, including the establishment of good governance, economic, financial, monetary, And work on the recovery of the provinces affected by the crisis of displacement and the loss of human security

               In addition, providing an attractive environment for investment in all its forms will provide more than two million jobs. It is ultimately a plan that paves the way for building the future state by addressing the challenges and providing new opportunities for growth with continued international and regional support for Iraq

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Calls to suppor t sustainable local development efforts

   
 

 
 


03/7/2018 12:00 am 

Due to the availability of supporting economic structures 
Baghdad / Imad Emirate 
Iraq has many elements of power that can be exploited towards achieving the desired success, the most important of which are the availability of resources that represent the population and natural resources and tourist sites, where these resources can be mobilized and optimized according to local conditions implementation of the strategy National development. 
Sustainable Development 
Academy d. Wafaa Al-Mahdawi said: "The government has started to prepare national plans and strategies that have made sustainable local development a goal, and adopted intervention options, mechanisms and policies in order to move forward the levels of development achievement across the country and Iraq is moving towards building a five-year development plan (2018-2022) And a vision for sustainable development in Iraq in 2030, both of which aim at local development as an integral part of the overall goals of sustainable development. " 
This is in addition to other strategies, including the Private Sector Development Strategy (2014-2030), the Industry Development Strategy to 2030, and the National Sustainable Development Program Strategy.  Private sector partnership and showed James Baldwin, said that "there are opportunities for internal support local sustainable development , including the availability of economic structures (agriculture, tourism, industry list) need to qualify, and the agricultural sector is able to absorb labor and food security of the country and the availability of domestic demand to absorb agricultural products in terms of Quantum and type, and the industrial sector and facilities that were stopped after 2003 can be activated again through a partnership with the private sector in this area. Iraq is suffering from thousands of industrial plants due to the commodity dumping policies of the local economy. Tourism Sector 


 Al-Mahdawi added that "the tourism sector has the elements of success, as it has a cultural and cultural heritage, and therefore it can benefit from this sector through links with the rest of the sectors. It is also possible to benefit from the Investment Law No. 36 of 2006 through the use of some oil revenues to support the tourism sector, Domestic demand side market ".  
"There are external opportunities that can be exploited to support sustainable local development, such as stimulating foreign investment with the necessary conditions and the ability to deal with modern technology, support and assistance from international organizations such as the World Bank, the International Monetary Fund and other organizations such as UNESCO, "He said.  Industrial sector


In a related context, Dr. Salima Hashim explained that "the industrial sector is one of the sectors that reflects the extent of the development reached by the countries. It is also a driving force of the economic activity, which has the potential to contribute effectively to achieving sustainable development through the forward and backward linkages and how to deal with the other sectors. The possibility of diversity in its companies. " 
Hashem stressed on "intensifying efforts to provide industrial employment opportunities at low investment cost through the use of a labor intensive method and investment of citizens' savings in industrial fields, thus achieving sustainable income and then can meet some of the needs of the local market and thus contribute to reducing the balance of payments deficit due to import from  
abroad "He said.
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BAGHDAD / Press tomorrow: 

decided to the Ministerial Committee on Economic Affairs , headed by Planning Minister Salman Jumaili, on Tuesday, at its seventeenth 2018, to approve the continuation of the inclusion of rehabilitation works and maintenance projects of the Ministry of Water Resources, within the investment budget tables.

"The committee has taken a number of important decisions and recommendations related to the economic affairs, including the approval of the continuation of the projects of rehabilitation and maintenance of the Ministry of Water Resources, within the budgets of the investment budget, and provide the necessary allocations, amounting to 56 billion Dinar". 

"The meeting was attended by the Minister of Oil and Minister of Industry and Minerals, the Governor of the Central Bank of Iraq and the Undersecretaries of Planning, Finance, Trade and Agriculture and the economic adviser to the Prime Minister." 

"The projects include Cree River, clearing tables, surveying and improving the Tigris and Euphrates River Basin projects to support the ministry's efforts to address water scarcity," the statement said.

The committee discussed "mechanisms and criteria that have been adopted in prioritizing reconstruction projects and providing services in the liberated governorates, through coordination between federal and local governments in the governorates." 

The statement said that "the financial allocations for the provinces covered for the year 2018, amounted to 420 billion dinars, distributed by 180 billion dinars for the province of Nineveh and 100 billion dinars for the province of Anbar and 100 billion dinars to Salahuddin province, while the rest of the amount between the provinces of Baghdad and Babylon and Tamim and Diyala. 

The statement said that "these allocations are divided by 70% for investment projects, and priority shall be for ongoing projects and have advanced completion rates, and be of projects that serve stability, while 30% was allocated to new projects that contribute to support infrastructure and service."

The statement pointed out that "the Committee raised its recommendation to the General Secretariat of the Council of Ministers with a view to adopting the mechanisms and criteria for the implementation of projects in the provinces covered." 

In another context, the statement revealed "the approval of the Economic Affairs Committee on the continuation of the Ministry of Agriculture to implement the project to update maps of the agricultural sector in Iraq to determine the parameters of agricultural land, after the ministry completed the updating maps of three provinces," explaining that "the project is important in the development of agriculture in Iraq from Through the use of modern agricultural techniques and methods. "
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Antoine: The Supreme Economic Council must be a specialist

   
 

 
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07/7/2018 12:00 am 

The government intends to set up to activate the productive sectors 
Baghdad / Saha Sheikli

The government seeks to form a higher economic council and link it to the Council of Ministers to work on increasing per capita income, stabilizing prices and providing productive employment opportunities, as well as optimizing the employment of human resources and operating them while controlling public debt and placing it within secure borders, as well as emphasizing the fair distribution of income and opportunities to diversify the economic base. The public revenue should be the private sector one of the pillars of this Council. 

The private sector 
and the formation of a higher economic council The Vice-President of the Iraqi Economists Association in the name of Jamil Antoine «10 years ago, and with the process of administrative and economic reform of the state and the reconstruction of an administrative system is efficient to implement reforms and the transformation of the economy from rent to production, the idea was that this is only adopted The private sector, which can employ the largest number of unemployed workers and reduce poverty rates ». 
"In the context of a social market economy, as mentioned in the five-year plan, we see the use of elements far from professional and knowledge and the formation of committees to satisfy only those who have nothing to do with the economy," Antoine told Sabah.
He stressed that "the main building blocks for the formation of the Economic Council is the active private sector, represented by industrialists who invest and work in the country, they are the basis for building a real market economy and to lead the process of economic reform and building a productive sector representing industry, agriculture, tourism and other services, not the private sector. "The role of the active private sector contributes to the survival of the country's wealth within it and not leave it through commercial investments." 
Antoine said that "it is OK to feed this Council of the university professors of practical specialists, to be a successful step away from corruption and people recognized in their history to build the country because this elite should be the builders of the basic rule. Professional organizations



"It is commendable to participate in this Council specialized government departments and not intruders to the process of investment and management and a number of competent professional organizations, and officials in some ministries of competence and competence and integrity to submit 
constructive proposals . 
He pointed out «the participation of some civil society organizations with competence to be able to access the workshops may not be able to access the government sector by virtue of their economic and social relations and crystallize good ideas as consultants in the Council through their extensive experience 
».
"We have contributed to the writing of industrial, tourism, professional and road map strategies, and now these issues are all on the shelves and there is no one to implement them," Antoine said. "There is a big gap. Between application and implementation and writings, if we return to the economic literature and what was written to find there are dozens of strategies and plans placed and not implemented ». Legislation of laws and stressed that "such a council need to enact a law regulating the work and the private sector involved in the writing of this law and define its objectives and specifications of the people who will work in it and therefore there will be a controlled account and audit work to be submitted during the period before its establishment in order to ask for discussion and above all that The employees of the Council shall be national and have experience and efficiency in their work, whether in the market or in the State and are recognized for their integrity.




Antoine spoke of "the presence of several parliamentary committees, but its members lack economic jurisdiction because the theoretical ideas need to be implemented by the experienced to work away from red tape and bureaucracy." 
"The council should be accompanied by a simple and orderly administrative system whose members have been chosen from the elites to build a country with a solid economy and a solid base," he stressed. 
He pointed out that «the budget of the Council must be allocated from the budget and be simple, along with the allocation of a small building of 10 to 12 employees of government departments and the private sector are entrusted with the progress of proposals and the implementation of the work and the provision of allocations that the budget at the beginning of the year to serve the  
Council.

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