Review government support

[yota691]

 

The parliamentary economy hosts the head of the Iraqi Accreditation Commission, Ham Hussein

Iraq News Now

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BAGHDAD /

The Parliamentary Committee on Economy and Investment hosted on Sunday the President of the Iraqi Accreditation Commission, Hamin Hussain, to discuss the amendments to the Commission's Law and Law No. 78 of 2017.

A parliamentary source told Al-Ghad Press that "the economy and parliamentary investment hosted the head of the Iraqi Accreditation Authority, Hussein Mustafa and the accompanying delegation to discuss the paragraphs of the amendment of the law of the Commission and 78 for 2017 because it has a major role in the control of companies and services and goods entering the country or produced at home In terms of quality and international standards. "

The source pointed out that "the Committee discussed with the Chairman of the Commission amending the Companies Law No. 21 of 1997 and the Mineral Investment Law."

[6ly410]

Announces the approval of the payment of salaries of retirees per month

Editorial date: 19 May 2016 • 76 times scheduled

http://alforatnews.com/modules/news/article.php?storyid=198327

{Baghdad: Al Furat News} announced the General Pension Authority, the approval of the Ministry of Finance to pay the salaries of retirees monthly.

The agency said in a statement, received the agency {Euphrates News} a copy of it, "the approval of the Minister of Finance to pay the salaries of civilian and military retirees per month instead of every two months from the beginning of the sixth month after the National Pension Authority completed all the requirements for that.
The parliamentary Finance Committee announced earlier in the day, the agreement with the Pension Authority on the distribution of salaries of retirees every month instead of the current two-month system.

[6ly410]

Parliamentary Finance: Distribution of salaries of retirees every month instead of two months

Editorial date:: 2019/5/19 15:45 • 325 times read

http://alforatnews.com/modules/news/article.php?storyid=198321

(Baghdad: Al-Furat News) The parliamentary finance committee confirmed on Sunday the agreement with the Pension Authority on the distribution of salaries of retirees every month instead of the current two-month system.

A member of the Committee Thamer Deiban in a statement received {Euphrates News} a copy of it, that "the parliamentary finance committee hosted today the director of the National Pension Authority Ahmed Abdul Jalil al-Saadi in the House of Parliament to discuss a number of files."
He added that "one of the most important decisions of the meeting to be effective from 1/6/2019 distribution of salaries of retirees monthly and the abolition of work for every two months," referring to "the opening of a retirement office north of Babil province to serve citizens and the disbursement of the end of service grant to the former army."

 

 

[6ly410]

 

2019/05/19 16:27

Ahmed announces the approval of the Minister of Finance to pay the salaries of retirees monthly

http://almasalah.com/ar/news/171312/التقاعد-تعلن-موافقة-وزير-المالية-على-دفع-رواتب-المتقاعدين-شهريا

 

 

BAGHDAD - The Public Pension Authority announced on Sunday, May 19, 2019, the approval of the Ministry of Finance to pay the salaries of civilian and military retirees monthly instead of two months.

"The Minister of Finance agreed today to pay the salaries of civilian and military retirees monthly rather than every two months," the authority said in a statement.

"This decision will be implemented as of the beginning of the sixth month after the Commission has completed all the requirements for this," it added.

[6ly410]

Parliamentary Finance: The salaries of retirees will be monthly as of June

14:46 - 19/05/2019

https://www.almaalomah.com/2019/05/19/407112/

Information / Special ...

The parliamentary finance committee announced on Sunday that the salaries of retirees will be paid monthly as of June 1.

"The Finance Committee hosted the head of the National Pension Authority to discuss the obstacles that hinder work and discuss the retirement law," said Siham al-Aqili, a member of the committee.

She added that "the head of the Pension Authority informed the Committee that the payment of salaries of retirees will be monthly starting from the first of next June instead of the previous two months in force previously."

[BETTYBOOP]

Hopefully this gives less scope for corrupt people in the department.

[6ly410]

Parliamentary Finance: Distribution of salaries of retirees every month instead of two months

Parliamentary Finance: Distribution of salaries of retirees every month instead of two months

http://www.nahrainnews.net/content.php?id=23583

The Parliamentary Finance Committee confirmed on Sunday the agreement with the Pension Authority on the distribution of salaries of retirees each month instead of the two-month system currently in place. The Committee member Thamer Deiban said in a statement, "The parliamentary finance committee hosted today the director of the National Pension Authority Ahmed Abdul Jalil al-Saadi at the headquarters Parliament to discuss a number of files. " He added that "the most important decisions of the meeting to be effective from 1/6/2019 distribution of salaries of retirees per month and the abolition of work for every two months," referring to "the opening of a retirement office north of Babil province to serve citizens and the disbursement of the end of service grant to the former army."

Views Added Date 19/05/2019 Content number 23583

 

[screwball]

Isn’t June when supplementary budget is supposed to happen, the supplementary budget that has reconstruction, welfare etc

[6ly410]

Deputies and specialists are looking to support the private sector
Friday 24 May

http://alsabaah.iq/9176/نواب-ومختصون-يبحثون-دعم-القطاع-الخاص

 

Deputies and specialists are looking to support the private sector
Baghdad / Al-Sabah
A number of officials and economic experts discussed the problems and obstacles facing the private sector in its economic development.
The head of the Iraqi Economic Council Ibrahim al-Baghdadi that "there are obstacles facing investment and the private sector and the major challenges to the ways to promote the Iraqi economy."
 
Protection of the national product
"There is an outstanding law that must be legislated to protect and strengthen the national product," Baghdadi said during a Ramadan breakfast organized by the council. "The ground is now ready to attract investment, but we need mechanisms to protect these investments and facilitate their work."
He pointed out that "the experiences of other countries such as the Kingdom of Saudi Arabia in supporting and sponsoring the private sector and investors and facilities for them through the activation of one window, as well as granting loans where they give 52 percent according to economic feasibility and interest (0 percent) and 5 years as payment period, "The two committees are the closest to the work of the private sector, which he described as (the field side), stressing the subject of (financing) Investment projects Yeh) ".
 
Develop appropriate legislation
"We are determined to support and support the private sector through the development of appropriate legislation to support this sector. We have formed several committees to follow up the work of the Central Bank, the Customs, Tax and Real Estate Committee, the Budget Follow-up Committee, as well as legislation prepared for the Financial Management Law, Civil service law and pension law and the amendment of some laws so that we have a social security fund. "
"The responsibility lies with the House of Representatives because it is a tool of pressure on the government through the issuance of laws and legislation adopted by the state," he said. "The role of the Economic Council, as a solid economic organization, can enhance the role of the private sector through the creation of new employment opportunities and the employment of labor through the establishment of small and medium industries and the activation and investment of government factories."
 
Private sector support
For his part, Vice-Chairman of the Finance Committee Representative Muthanna al-Samarrai, "We now have a full orientation to support the private sector, unlike what was then not to close meetings with businessmen, investors and the private sector."
"There must be a real will to support industrial projects, with the need for coordination between the central government and the region on the subject of the entry of goods to markets."
 
Support inventors and innovators
"The support is still in its early stages and these innovations need full support, because Iraq is rich in innovators and patent holders," he said. "We are asking for a government fund to support innovations and inventions."
As for the member of the Economic Council Baqir Mashat, he stressed "the need for each ministry to examine the problems of the private sector industrial, which depends on the financing of government, and called for the need to work (database) to develop the mechanism of financing industrial projects because the industry is the nerve of the economy.
MP Adnan al-Zarvi spoke about the issue of supporting the private sector. "We talked at budget strategy meetings about the need to shift from the mentality of loss to the profit mentality," he said.
 "Because of the decline in the performance of the ministries we lost the amount of (52 billion dollars)," he said, calling on officials and those responsible for the economic file to "review the budget strategies and provide feasibility studies for the year200200 to balance investment support."
 
An attractive environment for investors
In turn, said Haneen al-Qaddo that "the Finance Committee is open to promote the reality of the private sector to contain unemployment and protect the Iraqi product and construction of infrastructure projects and manufacturing industries," stressing the need to free from the mentality of the past and the totalitarian economy and to go to the private sector and create an attractive environment for investors and simplify procedures in granting investment licenses "He said.
MP Mahasen Hamdoun also spoke of the suffering of the people of Mosul, stressing that "the need for full support from the government for the reconstruction of Nineveh province, calling on the Iraqi Economic Council to do some economic activities in the province of Nineveh."

Edited May 24, 2019 by 6ly410

[Laid Back]

The private sector is the engine of growth.

 

Go private sector 

Go development 

Go RV

Go $1:1

[jeepguy]

10 minutes ago, Laid Back said:

The private sector is the engine of growth.

 

 

And to give the private sector a back   bone , would in my thinking , give the roots of the population a dinar value , that will support the need of the average Iraqi , that buys from private sector ! 

[DinarThug]

Proposal to merge the Investment Commission of the Iraq Reconstruction Council

 

Thursday, May 23

Baghdad / Muhannad Abdul Wahab

 

 

During the next few years, the Committee on Economy and Investment will prepare a proposal to amend the Investment Law, which includes the integration of the Investment Authority with the Supreme Council for the Reconstruction of Iraq, aimed at enhancing the investment reality and providing the suitable environment for investors to enter and reduce corruption.

The committee member Hamed al-Moussawi told Al-Sabah that the government has adopted a set of ideas to promote the investment reality. As many countries in the world are investing in Iraq, the executive authority must create the appropriate environment for investment from legislations and laws that contribute to establishing an attractive foreign investment base. We need to amend the investment law.

Moussawi said that the National Investment Commission needs support from the government and to develop itself, which generated the idea of legislation of the Supreme Council for Reconstruction and the integration of the Investment Authority within the law, noting that the draft law is before the Economic Committee of Representatives to study.

He added that the new law will reduce corruption in the investment sectors and at the same time will be a roadmap for investors at home and abroad, indicating that the most important advantages of the amendment of the investment law that the investment opportunity will be granted within 15 days of submission of investment request.

Moussawi pointed out that the proposed law is in the government and is defined according to the vision of the Prime Minister and we agree with them to resolve the issue of investment.
link

[yota691]

Trade Plan to implement and transfer 51 investment projects over the next three years

 

money and business Economy News _ Baghdad The Ministry of Commerce announced on Thursday that it is preparing a plan for the implementation and transfer of 51 investment projects from the current year until 2022.  The ministry's media spokesman, Mohammad Hanoun, said in a press statement that the ministry "prepared a program aimed at referring 51 projects in cooperation And coordination with a number of its subsidiaries, including the two companies trade in food and grain, in addition to the grain manufacturing company, in order to be implemented in several stages over the next three years.  He added that his ministry "will add and adopt other investment projects with the General Secretariat of the Council of Ministers, the most important of which is the development and activation of economic relations with all countries of the world, and the completion of the files of Iraq's accession to the World Trade Organization," adding to the keenness of his ministry permanent "to make achievements and take notes and proposals for Improve performance to be incorporated into the Government Program Supplement ". On the other hand, Hanoun expressed that "the rehabilitation of the companies and departments of his ministry, will be through the support of the plans set in order to draw the work of those departments, with the need to develop mechanisms that will strengthen the plans and follow-up implementation of paragraphs of the program prepared by the government as the basic criterion To assess the work of his ministry, stressing the need to achieve it in an optimal manner within the time set for him.  He pointed out that "Trade Minister Mohammed Hashim al-Ani instructed the need to buy archiving devices to the registration of companies as soon as possible, in addition to studying the status of the ration card and its vocabulary and basic segments benefiting them, improving the quality of materials and preventing any corruption or waste, In order to provide many of its vocabulary. " Views 36   Date Added 04/07/2019

[Butifldrm]

 

2019/07/04 11:48

• Number of readings 66
• Section: Iraq
•  

Planning and Economic Council discuss the development of the Iraqi private sector

BAGHDAD / MESSALA: Minister of Planning Dr. Nuri al-Dulaimi, on Thursday, discussed with members of the Iraqi Economic Council the need to support and develop private sector joints to diversify the sources of the national economy.

The Minister of Planning Nuri al-Dulaimi: We must be free of egoism and personal interests so that we can move the wheel of reform and empower the private sector and take bold decisions do not take into account any partisan interests or personal or electoral to be an important role in the private sector to address many of the problems suffered by the public sector " . in 
turn , engineer Baqir Mashat member of the Iraqi economic Council noted that " a number of important economic issues during the meeting, including the interest of the universities of modern disciplines in the labor market and not just thetraditional topics that are outdated and these modern disciplines that needs The labor market in 
Iraq disciplines of marketing, sales and human resources management.

He added that it is necessary to pay attention to the social security law of the private sector, as its application will attract labor to the private sector to guarantee their pension rights and increase employment opportunities in the private sector, which will reduce demands for employment in the public sector.

Al-Mashat pointed out that "the state must transfer the ownership of the lost and stagnant projects to the private sector through investment, where the private sector will rehabilitate these projects and make them profitable with the benefit of the experienced workers." 
The Minister of Planning promised to visit the car assembly plants and Volvo trucks of Sweden and Japanese Isuzu Of the companies ZESCO and the spring of Zamzam one of the companies of the Economic Council in Alexandria, Babil province.

The obelisk

http://almasalah.com/ar/news/174179/التخطيط-والمجلس-الاقتصادي-يناقشان-تطوير-القطاع-الخاص-العراقي

[6ly410]

Trade Plan to implement and transfer 51 investment projects over the next three years

 

http://economy-news.net/content.php?id=17141

Economy News _ Baghdad

The Ministry of Commerce announced on Thursday the preparation of a plan to implement and transfer 51 investment projects from the current year until 2022.
The ministry's media spokesman, Mohamed Hanoun, said in a press statement that the ministry "prepared a program aimed at referring 51 projects in cooperation and coordination with a number of its subsidiaries, including the two companies trade in food and grain, In order to be implemented in several stages over the next three years. "
He added that his ministry "will add and adopt other investment projects with the General Secretariat of the Council of Ministers, the most important of which is the development and activation of economic relations with all countries of the world, and the completion of the files of Iraq's accession to the World Trade Organization," adding to the keenness of his ministry permanent "to make achievements and take notes and proposals for Improve performance to be incorporated into the Government Program Supplement ".
On the other hand, Hanoun expressed that "the rehabilitation of the companies and departments of his ministry, will be through the support of the plans set in order to draw the work of those departments, with the need to develop mechanisms that will strengthen its plans and follow-up implementation of paragraphs of the program prepared by the government as the basic criterion To assess the work of his ministry, stressing the need to achieve it in an optimal manner within the time set for him.
He pointed out that "Trade Minister Mohammed Hashim al-Ani instructed the need to buy archiving devices to the registration of companies as soon as possible, in addition to studying the status of the ration card and its vocabulary and basic segments benefiting them, improving the quality of materials and preventing any corruption or waste, In order to provide many of its vocabulary. "

Views Date Added Date 04/07/2019

[yota691]

Investment Authority: The land investment project surrounding Baghdad airport will be implemented on the state land

 

A general aerial view of the area

Emaar Construction Economy News _ Baghdad The National Investment Commission confirmed on Friday that the project to invest the land surrounding Baghdad airport will be implemented on the territory of the state, stressing that it pursues a general national policy for investment and adopt the implementation of investment projects taking into consideration the interest of the state and the citizen alike.  "In order to clarify the facts about the land allocated to the investment project within the area surrounding Baghdad International Airport, the National Investment Authority confirms that the above project will be implemented on land belonging to the state exclusively and located within the presidential palaces and sites (According to the attached plan indicating the location and limits of the project) and there are no property rights, contractual rights or agricultural contracts for citizens. " She added that "the National Investment Authority in light of the decision of the Council of Ministers No. 175 of 2019 formed a joint technical legal committee with the owner of these sites (state real estate) to fix the limits of this project in order not to overlap between the lands allocated for investment and land and rights of citizens near the airport, The committee entrusted with the inventory of land and the installation of the border by handing over the company Daeko (British nationality) invested an area of not more than 300 acres, which is located on plots numbered (11/7) and part of the plot numbered (13) of the area specified by the decision of the Council of Ministers, Land belonging to the Citizens. The committee was also instructed to receive applications from citizens who have title deeds, agricultural contracts or the rights of their land to consider them in accordance with the law. " "The National Investment Authority adopts a general national policy for investment and adopts the implementation of investment projects taking into account the interests of both the state and the citizen. The aim of this project is to establish an important economic and commercial center in Baghdad, similar to the world economic cities, The land of this region and create jobs for citizens in general. " Views 26   Date Added 07/05/2019

[yota691]

The importance of administrative reform

Sunday 07 July 2019 29

 

 

Yasser Al Metwally

One of the most important international drawbacks to the administrative performance that makes Iraq at the bottom of the international rating and classification lists in this area is our lack of quality management systems according to the ISO international view, which includes 80 standards.

This phenomenon is one of the reasons for making the environment of Iraq an investment repellent and not to abuse the major international companies with Iraq, despite the considerable privileges enjoyed by the country to have the most investment opportunities at the international level, because of facing difficulties in performance and administrative handling and routine killer.

In order to improve the administrative performance of the "administrative reform", it is necessary to adopt the serious international quality systems and standards based on the houses of expertise and prestigious and thus can get out of the dilemma of chaos administrative, economic and organizational.

Years ago, attempts were made by the executive branch through the streamlining of government procedures to eliminate the routine. For this purpose, committees have been set up to follow up, audit and evaluate implementation, and the fact that this program has achieved many achievements in the field of procedures and related transactions.

But the efforts quickly disappeared and the chaos of procedures and routines, which can only be interpreted as a tool to establish an unhealthy situation, has returned.

The world is making great strides in administrative systems using modern systems and technology.

In developed countries, the most complex administrative transactions are accomplished through computer technology and the Internet, within an hour or two at the most, to complete any transaction.

While the individual spends in Iraq days, hours and months to complete a traffic transaction, for example, passport or tax accounting, and ask Lamwat's writings spent decades for the purpose of liquidation of a legacy.

The importance of administrative reform in investing time is an optimal investment so that everyone will turn to rebuilding the nation of war, crises and underdevelopment.

It is inconceivable that we are on the threshold of the twenty-second century and we are still drawing the left thumb on many transactions.

We hope that the next phase will be a stage of sound administrative construction in order to achieve other reforms with one basket.

It is enough for us to move towards building an Iraq parallel to its potentials and resources, and to rise to the ranks of the most prestigious and advanced countries.

The bottom line is that we need administrative reform and its requirements to adopt performance quality standards, since any international standards are the only solution to reclassify Iraq at the top of the list of developed countries administratively and encourages international companies to enter their funds and investments. Thus, administrative reform is the entry feature and here lies its importance.

[yota691]

Rafidain reveals the investment projects financed by him to suppor t the national economy

Economy | 08:37 - 19/07/2019

 

 

 

Baghdad - Mawazin News 
Revealed Rafidain Bank, Friday, the investment projects financed by him in Baghdad and other provinces, to support the national economy. 
"The projects financed and financially supported by the bank are (Durrat Karbala Residential Complex - Al Yamamah Residential Complex - Mall Town Center - Complex Complex of Colleges - Residential Complex of Babel - City Water Games) ". 
"The rest of the projects are a commercial complex with a parking lot, the Jokharet Tikrit residential complex, the Al-Baqir Tower Hotel project, the Dujla residential complex, the construction project of Hammurabi University, the Basmaya residential complex, the peace schools, Other "

[yota691]

Rafidain announces the investment projects that are funded to suppor t the national economy

Editorial date:: 2019/7/19 8:53 • 182 times read

(Baghdad: Al-Furat News) Rafidain Bank announced the investment projects funded by him in Baghdad and the provinces in order to support the national economy.

"The projects financed and supported by the bank are the Dura Karbala Residential Complex, Al Yamamah Residential Complex, the Mall Town Center Project, an integrated community college complex, the Babylon Residential Complex, the Water Sports City, a commercial complex with a stand," the bank's information office said in a statement. - Al-Baqir Tower Hotel Project - Dajla Residential Complex - Construction of Hammurabi University - Basmaya Residential Complex - Al Salam Schools - Al Amarah Power Plant - and Hospitals. 
He referred to "other projects". is over

[yota691]

Parliamentary economy determines the reasons for the weakness of international investment in Iraq

 

Reconstruction and building Economy News _ Baghdad The Committee on Economy and Investment Parliamentary, on Monday, the reasons for the weakness of international investment in Iraq.  A member of the Committee, Riad Al-Tamimi in a statement received by "Economy News" a copy of it, "Many countries and international companies have a clear desire to enter the Iraqi market and investment in all areas, but what delays many reasons."  Al-Tamimi added that "one of the most important reasons is the unstable security environment in some areas, which is a suitable environment for investment, in addition to the routine and slow government measures in particular."  He stressed "the importance of activating the procedures and laws encouraging investment with the provision of appropriate security environment, including to reflect a positive image of foreign investors to enter Iraq and start projects that benefit the parties with simplified and encouraging measures." Al-Tamimi said that "it is not possible to move to a better economic reality without international participation in reconstruction and reconstruction and investment in all areas." Views: 2   Date Added: 19/08/2019

[yota691]

Parliamentary economy: the security situation behind the weakness of investment in Iraq

Release date:: 2019/8/19 10:40 • 177 read times

BAGHDAD: The member of the Parliamentary Committee for Economy and Investment, Riad Al-Tamimi, on Monday, the weakness of international investment in Iraq to the security and economic situation is unstable.

Al-Tamimi said in a statement received by the agency (Euphrates News), a copy of it, that "many countries and international companies have a clear desire to enter the Iraqi market and investment in all areas, but what delays many reasons." 
Al-Tamimi added that "one of the most important reasons is the unstable security environment in some areas, which is a suitable environment for investment in addition to the routine and slow government measures in particular." 
He pointed to "the importance of activating the procedures and laws encouraging investment with the provision of appropriate security environment to reflect a positive image of foreign investors to enter Iraq and start projects that benefit the parties with simplified and encouraging procedures," noting that "can not move to a better economic reality without international participation in reconstruction and reconstruction and investment in all Fields. "Finished

[6ly410]

Ghadhban: The government is keen to provide the right conditions to encourage foreign investment

Economie

2019-09-05 | 09:48

 

Source:

Alsumaria News

 

1,153 views

 

Oil Minister Thamer Ghadhban said on Thursday that the government and the ministry are keen to provide suitable conditions for the work of international companies and encourage foreign investments.

"We commend the national effort and its ability to manage oil fields and facilities efficiently," Ghadhban said in a statement received by Alsumaria News. Sufficient experience through their involvement in field work and specialized courses.

Ghadhban added, "The various events, challenges and circumstances have proved the professional and national responsibility enjoyed by engineers, technicians and workers in the oil sector." "According to the latest international standards.

 

https://www.alsumaria.tv/iraq-news/4/اقتصاد

[bostonangler]

Gee Wally, that's sounds really keen to me!

 

B/A

[horsesoldier]

We know ..... too much lip service - take action NOW!!!

[yota691]

Review government s upport

Wednesday 11 September 2019 65

 

Dr.. In the name of Brahimi

 

Governments in all countries of the world usually provide support as a policy to achieve specific objectives. It takes different forms. It may be direct cash support such as social welfare or indirectly such as reducing the prices of some important commodities such as hydrocarbons, and subsidies may be exempt from taxes or customs duties on some. Elected goods, and the questions that are always discussed in this subject is how effective government subsidies are? What are the effects on the sector or individuals

 Targeted? 

Fuel subsidies are the most common subsidies in both developed and developing economies, and fuel is subsidized when prices are not fully reflective of production costs and all environmental costs. 

Using this expanded measure, support is estimated at $ 5 trillion in 2015, or 6.5 percent of global GDP, more than governments around the world spend on health care. By contrast, the richest (20 percent) of households in Africa, Asia, Latin America and the Middle East account for seven times the average energy subsidies of the poorest (20 percent).

 Families. 

This is a clear example of the inequality of support sometimes and therefore not to reach its objectives

 necessarily.

Other examples are many, including the so-called "tax void", which is meant to exempt the tax (investors in particular) in order to attract investment in some countries, and in this context, the Iraqi legislator provided this type of support through tax exemption for projects licensed under the Investment Law No. (13) For the year 2006, the rate is up to ten years from the beginning of the commercial operation of the project (in addition to other means).

 Iraq?.

 Here it should be noted the importance of reviewing the laws and policies that include support and provide a new vision commensurate with the changes experienced by Iraq politically, security and economic, more than a decade after the legislation of those laws and policies, support is a good tool for the implementation of policies when used to correct what is known as market deficiencies or else it It will be a financial burden on the government.