Al-Kazemi sends the Minister of Finance to Saudi Arabia to discuss economic conditions in the region

[Mary B]

Al-Kazemi sends the Minister of Finance to Saudi Arabia to discuss economic conditions in the region

05/21/2020

 

  

The information / Baghdad ..

The Prime Minister announced, on Thursday, that the Finance Minister will visit Saudi Arabia to discuss economic conditions in the region by serving as an envoy to Mustafa Al-Kazemi.

The Prime Minister’s Office said, in a statement received / information / that “Finance Minister Ali Allawi went to Saudi Arabia as an envoy from the Prime Minister.”

He pointed out that Allawi's visit comes "to discuss bilateral relations and economic conditions in the region and encourage investment." 25 h has ended

 

https://www.almaalomah.com/2020/05/21/475381/

 

 

[Mary B]

Mazhar Saleh reveals public financial engineering and talks about a problem with securing June salaries

05/21/2020

 

 

 

 

 

Baghdad - Mawazine News 
 
, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed, on Thursday, the existence of a supreme committee specialized in restoring public financial engineering in Iraq. 
Saleh said, according to the official agency, that "the proceeds of revenue for the month of May is less than 2 trillion dinars, while the need for more than five trillion dinars only to secure salaries except for the expenses of the other country," noting that "non-oil revenues are very few, amounting to about 100 billion dinars monthly".
He added that "the government secured the salaries of this month by borrowing from the three government banks," noting that "there is a certain mechanism to secure salaries only."
He said there is a big problem in how the salaries of the month of June insurance, especially since oil revenues for the month of May is very weak, pointing out that the work constituted working on the salaries of the month of June to secure "team. 
Announced in favor of the existence of reform of financial includes a review of high salaries and at the same time junior staff to protect Those who receive low salaries with the possibility of raising them, taking into consideration that the sixth month salaries will be spent in accordance with the financial reform in addition to the revenues, explaining that the government is currently using a monthly financing budget and not the allocation. " 
Saleh disclosed that a high committee for financial and economic reform works to re-establish public financial engineering in Iraq correctly and put it in new controls and standards.

 

https://www.mawazin.net/Details.aspx?jimare=101522

[Mary B]

Turkey: We intend to increase the exchange of energy and expertise with Iraq

 05/21/2020

 

 

 

 

Baghdad - Mawazine News
, the Turkish ambassador to Iraq, Fateh Yildiz, Thursday, confirmed his country's intention to increase the exchange of energy and expertise with Iraq.
“Turkey has diversified energy sources as a result of advanced projects in energy supplies,” Yildiz said in a tweet on Twitter.
He added: "We not only want to increase our energy exchange with Iraq, but also exchange our experiences in this field."

 

https://www.mawazin.net/Details.aspx?jimare=101514

[Mary B]

Basra Oil Director announces the start of drilling the first new production well in Majnoon field

 05/21/2020

 

 

 

 

Baghdad - Mawazin News
, General Manager of Basra Oil, Ihsan Abdul-Jabbar, announced, Thursday, the start of drilling the first new production well in the Majnoon oil field.
Abdul Jabbar said, in a statement received by / Mawazine News / a copy of it, that "it has begun to drill the first new production well in the Majnoon oil field within the national administration," noting that "the development activities of the giant Majnoon oil field are the pride of the Basra Oil Company with its national cadres." .
He added: "We are committed to continuing to support the health sector in Basra Governorate in the Corona pandemic."
 He continued: "We seek to maximize financial returns by exporting oils of high market value and low production cost," stressing by saying, "We are committed to the decisions of OPEC in order to achieve market balance and maximize national imports." Ended 6/29 n

 

https://www.mawazin.net/Details.aspx?jimare=101512

[Mary B]

The Minister of Transport: Contracts with foreign companies to develop railways and airports

 05/22/2020

 

 

 

 

Baghdad - Mawazine News,
Minister of Transport Nasser Hussein Al-Shibli disclosed on Friday that there is an "ambitious plan" to develop railway and airport work.
Al-Shibli said, "The ministry is preparing future plans to develop the Iraqi railways, with the aim of achieving additional revenues for the state treasury."
He added, "There are contracts concluded with French, Filipino, Italian and Iraqi companies to develop the sidewalks and port yards to raise their absorptive capacity."
Regarding the Al-Faw port, he indicated that work is continuing on the implementation of the project within the contracts signed last year with the Italian consulting company that designed the port, and Korean and Iraqi companies as well.
Al-Shibli stressed that "the ministry is working on implementing a project to connect the dry canal from the port of Faw via Turkey to Europe, revealing the completion of the work of the southern, eastern and western breakwater, as well as opening a section of roads inside the port."
He pointed out that "the ministry will prepare a report to be submitted to the General Secretariat of the Council of Ministers to convert the project into investment or joint operation with Iraqi ports to complete the remaining stages." Ended 29 / p

 

https://www.mawazin.net/Details.aspx?jimare=101546

[Mary B]

Deputy proposes to the new government a solution to get the country out of its financial crisis

 05/22/2020

 

 

 

 

Baghdad - Mawazine News
, a member of the Al-Nasr Alliance, Alaa Sukkar, suggested on Friday a solution to get the country out of its financial crisis.
Sukar said, "The government is moving towards the beginning of the implementation of the government program that was voted upon by the House of Representatives," noting that "the government's tasks are enormous, and therefore must be supported by Parliament and all political blocs."
He added, "The work of the government now is based on accelerating the early elections, in addition to other tasks, which are security tasks and dealing with the economic situation," noting that "one of the most difficult tasks is to rehabilitate the economic situation and activate all national employment and eliminate unemployment."
He stressed that "the parliament and the government should start with the steps of the lending projects and focus on the imports of large border outlets and controlling them as they achieve good revenues that serve the current crisis."
Representative Sukkar also called for "paying attention to the revenues of the Ministry of Communications, which need to monitor and collect all debts, as the country suffers from a financial crisis and must work to collect the revenues of the telecommunications sectors to bridge the deficit and severe budget shortages." End 29 / p.

 

https://www.mawazin.net/Details.aspx?jimare=101552

[Mary B]

Al-Kazemi informs the US Secretary of Energy of the government's desire to attract American investments

05/21/2020

 

 

 

 

BAGHDAD - Mawazine News
, Prime Minister Mustafa Al-Kazemi told the American Energy Secretary, Thursday, the government’s desire to attract American investments in the energy field.
And his media office said, in a statement received by / Mawazine News / a copy of it, that "Prime Minister, Mustafa Al-Kazemi, received a phone call from the US Secretary of Energy, Dan Brolet, congratulating him on assuming the presidency of the government, expressing his aspiration to strengthen economic relations between the two countries, Especially in the field of energy. "
For his part, Al-Kazemi thanked the "US Secretary of Energy for congratulations," stressing "the importance of cooperation in the energy field between the two countries, especially with the government's desire to attract American investments in the energy field, and overcoming difficulties before it, especially in the field of associated gas investment."
The statement pointed out, "The two parties stressed the need for coordination between producers and consumers globally in order to maintain the stability of the energy market in coordination with the relevant international institutions." Ended 6/29 n

 

https://www.mawazin.net/Details.aspx?jimare=101508

[Mary B]

300 thousand Bangladeshis entered Iraq without licenses

2020-05-22 

 

Friday, the Ministry of Labor and Social Affairs revealed that there are more than 300,000 "illegal" workers in the country.

Raed Jabbar Bahd, Director General of the Ministry of Labor and Vocational Training at the Ministry said in a statement reported by a government newspaper, that through its follow-up of foreign labor in the country, it monitored the presence of more than 300,000 workers from the country of Bangladesh who entered the country without licenses or official approvals.

 

He stressed that the ministry instructed the concerned authorities to prevent entry of the Bangladeshi workers back into the country due to the large number of them and their competition for local labor, especially in light of the presence of the crisis the country is going through with the high numbers of unemployment and the lack of job opportunities in the local market, which burden the burden of the local economy.

A political source said, earlier, that foreign labor in Iraq is one of the reasons for the depletion of hard currency, noting that there is an aspect of financial corruption in the recruitment process.

 

The source said that "the chaos of foreign workers in Iraq through random recruitment is one of the reasons for depleting hard currency and transferring it abroad", indicating that "owners of companies and factories have become preferring the Asian foreign worker over the local as it is less expensive."

The Ministry of Labor and Social Affairs revealed earlier the number of foreign workers in Iraq, and said in a statement that "the number of foreign workers working in foreign companies operating in Iraq is more than 750,000 workers, contrary to what the International Labor Organization mentioned in previous reports." However, it did not specify the size of the increase.

https://www.alsumaria.tv/news/اقتصاد/345962/300-ألف-بنغلاديشي-دخلوا-العراق-من-دون-تراخيص

 

[Mary B]

Al-Rafidayn: The increase in the number of citizenship salaries with the bank and receipt of the Master Card

Friday 22, May 2020 

Baghdad / Nina / Al-Rafidain Bank announced the increase in the numbers of those whose salaries have been localized on the bank and receiving their Master Card.

The media office of the bank stated in a statement / Nina / received a copy of it: Many departments and state institutions have settled the salaries of their employees at the bank and their salaries have been received monthly by MasterCard instead of manual cash.

He pointed out that those whose salaries were settled are covered by the financial services that the bank launches from time to time. / End 3

 

https://ninanews.com/Website/News/Details?Key=833302

[Mary B]

Zionists stress the importance of opening the state real estate file and re-evaluating their prices according to market prices

Thursday 21, May 2020 

Architecture / Nina / Former Member of Parliament Mohamed Saadoun Al-Shihoud stressed the importance of opening the state's real estate file and re-evaluating its prices according to market prices.

Al-Zihoud said in a press statement today that: The government should expedite the opening of an investigation on the state's real estate files in all governorates and grant a reward of no more than 5% of the property’s value to everyone who reports real estate that has been transferred to influential people or parties with fraud and returned to the state for sale or Rent it according to the law.

”He added that: the scourge of corruption has ruined the Iraqi economy, but rather most of the state’s joints, and has not left any stray or incoming except, and it has been acquired by people or parties in economic committees. Their corruption. ”/ Ended S.

 

https://ninanews.com/Website/News/Details?key=833295

[Mary B]

transportation: continuous movement of goods by 50%

Author: Ahad7 On 5/22/2020 

The Minister of Transport, Nasser Hussein Al-Shibli, confirmed on Friday that the movement of goods and supplies is still operating, but at 50%.

Al-Shibli said, "The airports belong to the Civil Aviation Authority and the Ministry is working to re-link them with them directly for the purpose of monitoring and developing them."

He added, "The movement of goods and supplies is still operating at a rate of 50% due to the current conditions of the global closures as a result of the Corona pandemic."

 

 

https://alahadnews.net/65908/السياسية-2/

[Mary B]

Labor opens window to communicate with citizens about emergency grant

Friday 22 May 2020 

Labor opens window to communicate with citizens about emergency grant
Baghdad - Waaa - Ali Al-Ahmad
The Ministry of Labor and Social Affairs has announced the opening of a page to follow citizens whose names did not appear in the emergency grant.
"The ministry will open a page to inquire and follow up with citizens whose names did not appear in this batch," Minister of Labor and Social Affairs Adel al-Rikabi told The Iraqi News Agency (AAP).
"The ministry has launched an emergency grant payment to its beneficiaries through SMS," he said, adding that "the launch will be in the form of payments to avoid congestion at distribution outlets."
"The number of families covered by the grant has reached 2.432 million and will come to them by telephone to the head of families who are confirmed to be applying," he said, adding that "the launch of this grant was made after great efforts by the Ministry of Labor as well as ministries and other support agencies, which are represented by advisers in the General Secretariat of the Council of Ministers, the Ministry of Commerce and the Office of Financial Supervision, as well as volunteer companies with experience in the field of work and electronic documentation."
"The ministry has released the third batch of social protection salaries to its beneficiaries after the funds were secured despite the difficult financial situation," he said.
"There is a decision by the council of ministers to instruct the Ministry of Labor and through a committee from the Ministry of Finance as well as the Ministry of Planning to expand the coverage of the social protection network due to the high poverty rates during this period and the crisis that lasted several months," he said.

 

https://www.ina.iq/107075/العمل_تفتح_نافذة_للتواصل_مع_المواطنين_بشأن_منحة_الطوارئ

[Mary B]

Iraq, Russia discuss prospects for joint transport cooperation

 

Thursday 21 May 2020 

Iraq, Russia discuss prospects for joint transport cooperation
Baghdad - Conscious

The Ministry of Transport on Thursday discussed with the Russian side the prospects for joint cooperation in the field of transport.

According to a ministry statement received by the Official News Agency of Iraq (AIP), the State Railway Company of Iraq discussed with the Russian side the prospects of joint cooperation between the two sides, indicating that this follows the desire of Transport Minister Nasser Hussein al-Shibli seriously to improve the reality of Iraqi railways to keep pace with the development of railways in the developed world and the adoption of the international companies sober in the implementation of economic feasibility projects, which are the main pillar of the railway infrastructure.

Talib al-Husseini, the company's general manager, said he had discussed with the Russian ambassador to Iraq and the accompanying delegation the most important future railway projects, the prospects for joint cooperation between the two sides and strengthening Iraqi relations with Russian companies in the field of investment because of their rich history and professionalism among various international companies.

For his part, the Russian ambassador expressed the possibility of cooperation between Iraq Railways and Russian railway companies and put forward their technical and technical capabilities, praising the good welcome and the amount of hospitality, which reflects the culture and values of the country's first human beings.

 

https://www.ina.iq/107063/العراق-وروسيا-يبحثان-آفاق-التعاون-المشترك-في-مجال-النقل

[Mary B]

Parliamentary Finance: The government should start preparing the budget of 2021

 05/22/2020

 

  

Information / private ..
Member of the Parliamentary Finance Committee, Hanin al-Qaddo, confirmed that the government should start preparing the budget of 2021 in July, which requires it to complete the 2020 budget as soon as possible, denying at the same time that there are numerical estimates about the budget deficit.
Al-Kiddou said in a statement to "Information", that "the legislation of the 2020 budget law needs to be speedy with achievement, as the government should start two months from today to discuss next year's budget."
He added that "the deficit in the budget is still unknown, and this matter cannot be speculated in light of the crisis and low oil prices, as the budget needs a new study from the government and a rapid achievement to be submitted to Parliament."
And that "the government and if it completes the budget for the current year, the parliament will vote on an austerity budget, even though the legislature has no knowledge of the amount of deficits that the budget suffers." 25 n ended

 

https://www.almaalomah.com/2020/05/22/475452/

[Mary B]

Construction: The disappearance of projects is costing the state treasury huge losses

22/05/2020

 

 

 

 

Baghdad - Mawazine News, The
Ministry of Construction, Housing and Public Municipalities confirmed on Friday that stopping and disappearing projects will cost the state treasury significant losses. An official source in the Ministry's media office said, "A meeting the Ministry held with the Parliamentary Services and Reconstruction Committee to discuss the implementation of projects in light of the exceptional circumstances the country is passing through and the delay in approving the general budget law for the current year, despite the passage of the first half of it."
He added, "The ministry asked the committee to include in the budget the allocations necessary to complete all projects in Baghdad and the provinces, and warned that" stopping and disappearing later will cost the state treasury great losses, because it has significant dues with companies and contractors, as well as there are important and strategic projects that cannot be canceled and therefore The Ministry is coordinating with Parliament to raise the financial allocations necessary for ongoing and new projects. "
 In the same context, the source pointed out that "the ministry seeks to find a mechanism to activate investment projects in the housing sectors, roads, bridges and municipalities," noting in this field that it is "in the process of activating the investment department in it in order to start working in accordance with the effective investment law No. 13 of 2006 and according to the available resources Because investment is currently one of the important and alternative solutions to maximize imports and implement a large number of projects by engaging the public sector with the government according to a new and systematic vision through which the ministry can come out with the most qualitative and accurate projects and save any project from stopping and disappearing. "End 29 / p.

 

https://www.mawazin.net/Details.aspx?jimare=101563

[Mary B]

The financial crisis .. hypothetical and hypothetical suggestions .. sweetened them with the taste of algam !!

 

 

 

Mustafa Al-Kazemi’s government faces a number of serious challenges, foremost of which is the financial crisis caused by low oil prices, in addition to the Corona pandemic and the resurgence of the ISIS terrorist activity, in addition to the chronic political problems and differences .. 

With the importance and gravity of all these challenges, the financial crisis remains the challenge The largest and most influencing the future of the government and the Iraqi state in general, considering that all other challenges, health and security, are directly linked to it because of its urgent need for funding .. 

The government is trying to address this crisis and reduce its effects as much as possible, without affecting the salaries of employees and retirees, In order to avoid stirring the street again, which is mainly inflamed and waiting for a hot summer, features began to appear from now on with the decrease in the electricity capacity for the required equipment. 

The Parliamentary Finance Committee, aware of the seriousness of the situation, stated: "The oil revenues of the state do not cover 20% of the employees’ salaries if the oil prices remain the same for the coming months. "

According to the Finance Committee member Abdul Hadi al- Saadawi, the Iraqi state living a major financial crisis for two reasons, the first failure to approve the budget and the second decline in oil prices , "noting:" The month of May salaries have been secured, but concerns over the coming months , "..

and numerous proposals and solutions to overcome crisis and overcome, which is mostly hypothetical theory of solutions failed successive governments implemented over seventeen years past, because of financial and administrative corruption.  

parliamentary Finance Committee MP Ahmed member of the appearance of al - Jubouri, spoke about three solutions to confront the crisis , Iraq 's financial, stressing at the same time: "

Al-Jubouri's solutions include activating customs and taxes, strengthening the file of industry and agriculture, and controlling border crossings that are under the control of "gangs".

Al-Jubouri pointed out: "The financial situation in Iraq is very critical, the crisis is great, and controlling customs and crossings will save billions of dollars annually that can contribute to solving part of the crisis," stressing that the Prime Minister Selja for external and internal borrowing to secure financial liquidity to pay for the expenses, including salaries. 

But resorting to borrowing, and that it would be part of a temporary solution, but it will cause long - term major economic problems, especially since Iraq 's heavy debt, and it needs to allocate a portion of the budget, which suffers mainly from a large deficit, to repay part of the debt ..

According to Economist Saleh Al-Hamash, Iraq’s debts, Foreign and internal, exceeded 132 billion dollars, stressing: "The next loans will be with very harsh terms and benefits.

" And al-Hamash stressed: "The successive governments did not realize the size of manipulating Iraq's capabilities , and investing the surplus funds from the high oil prices in investment and commercial projects that contribute to Reviving the economy, "he said, noting that" Iraq is currently negotiating with donors not to pay $ 11 billion due from previous loans, as well as the biggest crisis, which is the payment of salaries. " 

The economic expert concluded to say: "The talk about reform measures to revive the economy is not feasible, because the government Sthml any economic project as soon as the rise in oil prices again , " ...

V.a

 

https://www.thebaghdadpost.com/ar/Story/195494/الازمة-المالية-اقتراحات-نظرية-وافتراضية-احلاها-بطعم-العلقم

[Mary B]

Million requests for 600 residential plots in Baghdad !!

 

Friday, May 22, 2020

Million requests for 600 residential plots in Baghdad !!

Baghdad governorate is preparing to prepare a plan to allocate the 600 residential plots separated in the Abu Ghraib district after the Eid al - Fitr holiday , while it revealed that there are a million requests to receive land from all the groups covered.

The Director General of the Baghdad Municipalities Directorate affiliated to the governorate, Yasser Al-Quraishi, said in a press statement: "After the blessed Eid Al- Fitr holiday, the directorate will begin preparing a plan for the distribution of residential lands in coordination with the relevant authorities and the ministries that are due, within its plan to sort the residential lands in order to distribute them among the categories due according to the decision 419 for land distribution. "

Al-Quraishi added: "The Directorate has sorted 600 plots of land in the Al-Mursalat area in the Abu Ghraib District for distribution." He pointed out: "The number of lands separated is very few compared to the actual need for the categories that are due and they are the disengagement departments that joined the governorate, which are the directorates of education, agriculture and health In addition to those covered by Article 140 of the Constitution, the families of martyrs, political prisoners and victims and wounded of terrorism and military operations. "

Al-Quraishi indicated that there are a million requests to receive land from all the groups covered, which indicates the magnitude of the need for residential land.

 

 

https://www.thebaghdadpost.com/ar/Story/195504/مليون-طلب-على-600-قطعة-ارض-سكنية-في-بغداد

[Mary B]

The Foreign Ministry comments on Allawi's visit to Saudi Arabia: You can offer a lot

2020-05-22 

 

A member of the Parliamentary Foreign Relations Committee considered today, Friday, that the visit of Finance Minister Ali Allawi to the Kingdom of Saudi Arabia is part of the file to strengthen Iraq’s relations with neighboring countries, while he indicated that Saudi Arabia is a rich and weighty country in the region that can offer a lot to Iraq.

Deputy Muthanna Amin said in an interview with Alsumaria News, "There are many crises that Iraq is going through at all levels, such as the economic crisis, the oil crisis, and the Corona epidemic, in addition to the renewed attacks of some of the ISIS terrorist cells, not to mention the political crises that ravaged the country and made it in a vacuum An administrator, "stating that" the government is slowly recovering, and the issue of strengthening relations with Iraq's neighbors is an important and necessary matter at this stage. "

 

 

Amin added, "Saudi Arabia is a country of great importance and importance in the region, and it is a large and rich country that can offer a lot to Iraq and has a direct link to the issue of low oil prices globally. Therefore, movement on it to discuss the oil file is a necessary thing," pointing out that "there are other files Many and important and we do not know whether it will be raised or not, during the visit of the Minister of Finance to Saudi Arabia, as an issue of gas and electricity supplies as a substitute for supplies coming from Iran as a result of US pressure, and it can provide us with better prices in the case of importing gas and electricity. "

 

Amin stressed, "Iraq is strongly concerned with confronting the crises that ravage the region, and we believe that any one of them is capable of causing harm to any country in a profound way." He stressed that "the interest of Iraq is the most important interest we have and we search vigorously for markets that give us what we need with the same potential and at cheaper prices And more appropriate, and we must search for support and our interests from anywhere to overcome the current crises. "

Prime Minister Mustafa Al-Kazemi and Finance Minister Ali Allawi sent to Saudi Arabia to discuss a number of files.

According to official reports, Allawi will discuss in Saudi Arabia bilateral relations, economic conditions in the region and investment promotion.

 

https://www.alsumaria.tv/news/سياسة/345976/الخارجية-النيابية-تعلق-على-زيارة-علاوي-للسعودية-تس

[Mary B]

oil prices fell on friday after the tension between america and china

Author: Ahad7 In the 5/22/2020 

Oil prices fell on Friday, as tensions increased between the United States and China, and Beijing was unable to set a target for economic growth this year.

That sparked economic fears that the pandemic of the Corona virus would overshadow fuel demand in China, the world's second largest oil consumer.

By 10:40 Moscow time, Brent crude fell 5.44% to $ 34.10 a barrel.

Whereas, "West Texas Intermediate" fell 6.63% to $ 31.67 a barrel.

Oil prices have risen strongly in recent weeks and are still on track for the fourth weekly gain after the declines in April, when US crude fell below zero.

But markets were disappointed by China's decision not to set a target for economic growth this year, with the start of a week-long meeting of the National People's Congress.

Analysts say the escalating tension between the United States and China over trade and Beijing's plan to implement national security legislation in Hong Kong is hurting oil and other markets.

US President Donald Trump has warned of a strong response to seeking more control over the former British colony.

 

https://alahadnews.net/65949/اقتصاد/

[Mary B]

kurdistan region denies receiving 400 billion dinars from the baghdad government

Author: Ahad7 On 5/22/2020 

On Friday, the Ministry of Finance in the Kurdistan region denied that the region had received 400 billion dinars by the federal government in Baghdad.  

The ministry said in a statement, which received "Al-Ahd News", a copy of it, that "despite the approval of the Iraqi Prime Minister to send an amount of 400 billion dinars as part of the expenses of the salaries of Kurdistan region employees, which was scheduled to reach the Ministry of Finance and Economy before the holiday, but we know Everyone that this money has not yet arrived. ”  

The statement added: "Despite the difficult financial situation and the decline in the region's revenues by remarkable proportions, the Kurdistan Regional Government, through the available resources from selling oil, local revenues and borrowing, distributed the salaries of all employees before Eid Al-

 

https://alahadnews.net/65937/السياسية-2/

[Mary B]

Iraq borrows from banks for May salaries and faces a "major problem" in June

 Kurdistan24, Erbil 

2 hours ago

 

 

 

---

Financial advisor to the Prime Minister Mazhar Muhammad Salih

 

 

ARBIL (Kurdistan 24) - An economic consultant in the Iraqi government revealed a "big problem" in securing employee salaries for the month of June, due to declining imports due to the collapse of oil prices in global markets under the weight of the pandemic.

The official news agency quoted the financial advisor to the Prime Minister, Mazhar Muhammad Salih, as saying that "the proceeds of revenues for the month of May are less than 2 trillion dinars, while the need for more than five trillion dinars only to secure salaries except for the expenses of the other country."

He added that "the government secured the salaries of this month by borrowing from the three government banks," noting that "there is a certain mechanism to secure salaries only."

Saleh stressed that "there is a big problem in how to secure the salaries of the month of June, especially since the oil revenues for the month of May are very weak."

He continued, "The sixth month's salaries will be spent according to the financial reform in addition to the revenues, and the government is currently using a monthly financing budget, not allocation."

 

https://www.kurdistan24.net/ar/news/04039ae4-0819-4b99-b79e-d06e18487728

[Mary B]

Political

the ministry of industry unveils a plan to integrate the public and private sectors

Author: Ahad7 On 5/22/2020 

The Ministry of Industry and Minerals has unveiled a plan to integrate the public and private sectors in order to advance the national industry.

A spokesman for the Ministry of Industry, Mortada Al-Safi, said in a statement today, Friday: “The Minister of Industry and Minerals Manhal Aziz Al-Khabbaz developed a plan to advance the national industry of all kinds, public, private and joint,” pointing out that “the plan includes joint work between the public sector and the private sector and returning the industry to the former Her era. ”

On the other hand, Al-Safi stressed that “since the beginning of the spread of Corona virus, the Ministry has produced many health equipment, masks, sterilizers, fogging rooms, and respirators for hospitals and preparing sterile materials and sprinklers with a pure national industry. Fogging in Al-Sadr City by preparing, manufacturing and setting up fogging guns.

The Ministry of Industry had previously revealed the existence of a plan to return the suspended factories to work by offering their files for investment or participation.

She pointed out that “the total number of laboratories in companies is (227) laboratories, among which (140) laboratories are still in operation.

 

https://alahadnews.net/65933/السياسية-2/

[Mary B]

  Al-Handal International Group, through its financial arm, the Ashur International Bank, contributes to support the efforts of the Kurdistan Regional Government to combat the Corona virus

 

Economy News _ Baghdad Handal International Group, through its financial arm, Assyria International Bank, supported the efforts of the Kurdistan Regional Government to combat the Corona virus This came through a visit by Muhammad Munther Al-Handal, Regional Director of the Handal Group to the President of the Kurdistan Regional Office, Dr. Omid Sabah, in the presence of the Minister of Health in the Kurdistan Regional Government, Mr. Saman Al-Barzanji, on Thursday, May 21, 2020 in the building of the Council of Ministers of the Kurdistan Regional Government. Where the greetings of Mr. Wadih Nouri Al-Handal, Chairman of the Board of Directors and members of the Board of Directors were conveyed, and that the message of the group confirms with pride and pride that we are contributing to the large campaign led by Mr. Masroor Al-Barzani, Prime Minister of the Kurdistan Regional Government and appraisers of government efforts in the face of this epidemic. Al-Handal told the Chief of Staff that the International Handal Group and given the exceptional circumstance that the whole world and our beloved country went through and out of concern and national and social duty in the face of the outbreak of the Corona virus, the Ashur International Bank administration is making a contribution to support the efforts of the Kurdistan Regional Government to combat this epidemic by donating With an amount and capacity of (50,000,000) fifty million Iraqi dinars, in addition to our supportive initiative to prevent the new Corona epidemic, where our teams in the Kurdistan Region, in cooperation with the Ministry of Labor and Social Affairs, carry out large campaigns for sterilization, fumigation, and humanitarian campaigns to distribute food baskets to decent families under conditions of conditions Curfew and home quarantine. Al-Handal stressed in the conclusion, as you have always entrusted to us, that the International Bank of Assyria in all its cadres is part of your team in all circumstances and makes every effort to support the government of the Kurdistan Region, asking God Almighty to grant health and safety to our country and our beloved region, wishing for your steps of success and success.

Date added 21/05/2020   http://economy-news.net/content.php?id=20367

 

[Mary B]

The appearance of Mohamed Saleh to / Nina:: The visit of the Minister of Finance to Saudi Arabia ... is important for both sides because of their weight in the oil and energy markets 

 

Friday 22, May 2020 

Baghdad / Nina / The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the visit of Finance Minister Ali Abdul Amir Allawi to Saudi Arabia is important to revitalize the economic relations between the two neighboring countries because of their importance and weight in the oil and energy markets.

He said to the Iraqi National News Agency ( NINA 😞 The visit aims to strengthen good-neighborly ties with the countries around Iraq, especially that Iraq and Saudi Arabia are the main oil producers in OPEC.

Saleh added that: The two countries are players in the stability of oil and energy markets in the world, and they alone produce about 15% of the global oil production, and they own nearly half of the oil reserves of OPEC countries.

 He explained that, despite the economic weight of the two countries, they are important centers in the Islamic world and religious tourism.

Saleh stressed that: the economic interest of Iraq and mutual benefits are one of the simplest facts in international economic relations, which will be present during the meetings.

And Finance Minister Ali Allawi went to Saudi Arabia yesterday, an envoy of Prime Minister Mustafa Al-Kazemi to discuss bilateral relations and economic conditions in the region and encourage investment.

 

https://ninanews.com/Website/News/Details?Key=833347

[keylime]

"And al-Hamash stressed: "The successive governments did not realize the size of manipulating Iraq's capabilities , and investing the surplus funds from the high oil prices in investment and commercial projects that contribute to Reviving the economy, "he said, noting that" Iraq is currently negotiating with donors not to pay $ 11 billion due from previous loans, as well as the biggest crisis, which is the payment of salaries. " 

 

How does one negotiate with donors NOT to pay 11 billion dollars due? I can't even negotiate not to pay my 10,000 dollar car loan. Or the remainder of what I owe on my Samsung 10 cell phone. HA!

You have to have something to offer them if you are not going to pay them. I mean, if these donors, let's just say, have millions if not billions of dinar, and you tell them, "Looky here, if you forgive what we owe you, we will raise our rate and that worthless stuff you have will be worth billions and trillions", then you have something to offer.

Unless you just work a deal to give up your oil and not raise the rate. But then you are paying them back with oil. So that's not negotiating NOT to pay. So I lean toward the "raise the rate" form of negotiations NOT to pay 11 billion dollars.