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Economist: The oil companies grant the foreign expert 10 times the concessions granted to the local  


Mary B
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Deputy: The Ministry of Electricity's contracts and wages may overthrow its current minister

2020-05-23
Deputy: The Ministry of Electricity's contracts and wages may overthrow its current minister
 

The deputy of the Alliance of Sabron Al-Taloubi Al-Aqili confirmed on Saturday that the contracts and wages of the Ministry of Electricity may overthrow the current Minister of Electricity, calling on the Prime Minister to refer the file of appointments in electricity immediately for investigation.

Al-Okaili said in an interview with Alsumaria News: "We still confirm and warn previously and warn again that contracts and procedures The Ministry of Electricity Part of the Iraqi people, and they are the victim of the wrong economic policies of a country ravaged by chaos and seized by the people of ignorance who turned the wheel they made with their hands square shape does not move. "
 
And he expressed surprise at the "directing of penalties for the procedure and contracts, which they had not received their salaries for seven months, except for two times giving charity to them with a trivial amount that does not sow hunger."

He added: "If these poor people were deceived by the thieves of electricity and ignorant of them from the former Minister of Electricity, to some agents and general managers and to the officials of the committees formed for the purposes of appointment, then I address the Prime Minister to refer the file of appointments in it immediately for investigation and then to eliminate and expel the procedure and contracts From any negative consequences for them as they are not guilty, and that their salaries be included in the budget for the year 2020 and the appointment of some contracts with the existing void of deletion and creation. "


Al-Uqaili stressed that "people live in the hope of changing things and improving conditions and that everyone has the right to be given their rights, because these are victims of governments who have failed to provide a space for them to secure their livelihoods."

He continued, "The House of Representatives is also required to attach their salaries to the budget in case the government refuses to do so, and to include some and determine their numbers through deletion and creation and according to the old appointment and vote on it in fairness to them." He called on the Minister of Electricity to "fairness to these by taking several measures, the first of which is the lifting of sanctions that It imposed on the demonstrators and those who failed their work, as the ministry did not abide by them and left the language of threat. "

Al-Okaili stressed, "The importance of the ministry setting a real mechanism to regulate their status, and conducting an immediate investigation with the previous committees for appointment and their numbers, and it has depleted most of them through appointments with high amounts of money that the citizen was forced to, and refer those committees, the former minister and the general manager of the judiciary because of what they left of the chaos that may Dragging the country to Mala Hamed Aqabah, "stressing that" contracts and wages The Ministry of Electricity You may overthrow the current Minister of Electricity, as he is the first party in the confrontation and his presence in his position is part of it to solve the problems in the ministry according to his extensive experience that everyone is witnessing.

 

https://www.alsumaria.tv/news/سياسة/346082/نائب-عقود-وأجور-وزارة-الكهرباء-قد-تطيح-بوزيرها-الح

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A global rating agency gives the International Development Bank a "B" rating

2020-05-23 
A global rating agency gives the International Development Bank a "B" rating
 

The International Development Bank announced on Saturday that it has obtained a B-grade credit rating from Capital Intelligence.

The bank stated in a statement that Alsumaria News received a copy of it, "The agency determined the classification of foreign currencies in the long term and the bank's classification of foreign currencies in the short term for the first time for the International Development and Investment Bank at" B- "and" B "respectively, with a stable outlook. For long-term classification. "


The bank added that "Capital Intelligence also assigned the International Development Bank a long-term rating and a short-term rating on the Iraqi national scale at" iqBBB + "and" iqA2 "respectively with a stable outlook.

He pointed out that "the good credit rating of the bank came in the presence of high capital for the bank and levels of liquidity are constantly rising as the ratio of net loans to total assets is moderate due to the bank's wise policy in lending, in addition to that the bank has achieved very high levels of solvency and liquidity As at the end of 2019, when the capital adequacy ratios (CAR) and according to Basel III requirements reached (35)% and exceeding the global requirements (12%) as a minimum, this has been the liquidity coverage ratios (LCR) (164%) and above the limit Minimum global requirements (100%).

 

https://www.alsumaria.tv/news/اقتصاد/346083/وكالة-تصنيف-عالمية-تمنح-مصرف-التنمية-الدولي-تصنيفا

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Al-Jubouri: The salaries of political prisoners and "Al-Rafhawy" are more than the Saudi loan

1590214724__107849000_f2e3ebb0-1735-4ef1-bbcd-2cd29016a128.jpg

 Al-Jubouri: The salaries of political prisoners and "Al-Rafhawy" are more than the Saudi loan

 Today, 16:21

Today, Saturday, the former deputy, Mishaan al-Jubouri, called for stopping the payment of salaries of political prisoners and detainees of Rafha, which together constitute a higher amount of the loan granted by Saudi Arabia to Iraq.

Al-Jubouri wrote on his account on the "Twitter" website and followed him "Gilgamesh Press," saying, "Finance Minister Abdul-Amir Allawi announced that Iraq obtained a three billion loan from Saudi Arabia to cover the salary deficit."

He added, "Note ... the amount of salaries that are paid to the so-called political and Al-Rafhawi prisoners annually is more than this amount."

 

https://glgamesh.com/140890--.html

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Iraq leaves the Iranian axis and is in harmony with Saudi Arabia. Learn about the new agreements
 
DST_1336082_1862876_202005231310086941.j
The relationship between Saudi Arabia and Iraq is renewed - the Internet

Iraq leaves the Iranian axis and is in harmony with Saudi Arabia. Learn about the new agreements

80379025_3415983631808557_2833884052568670208_n-2-220x220.png?lossy=1&strip=1&webp=1 Wissam Al-Bazi

 ۲۳ May ۲۰۲۰

 

 


Chose # Iraq to go to Saudi # Saudi Arabia in light of the growing economic crisis in Mesopotamia, in a new turn of the progress of relations between the two countries, especially since the Iranian axis presses inside Iraq to prevent the trend towards the Arab Gulf countries.

The Iraqi Finance Minister Ali Allawi revealed today, Saturday, three-axis approach to developing relations with Saudi Arabia and supporting the Iraqi economy.

The Saudi newspaper, Al-Sharq Al-Awsat, quoted Allawi as saying, “The aim of the visit to Saudi Arabia is to go through three axes to develop Iraq’s relationship with the Saudi side, the first of which is immediate cash support to the budget. And urged them to enter the Iraqi market through investments ».

Noting that «the third axis is the activation of the commercial side, especially since Iraq has a plan to go towards achieving an economic and financial balance with neighboring countries, and that the Iraqi market be open to everyone away from harming a specific party».

He explained that «the government is seeking to urge Saudi companies to contribute to the reconstruction of the country».

Stressing at the same time that Iraq "needs immediate financial support in order for the government to fulfill its pledges to employees."

Allawi stressed, "There are many obstacles that prevented investments in Iraq, including the laws and regulations in force, the loss of the incubating structure for foreign investment, the lack of banks at a global level, as well as the accounting and legal system that is not encouraging, as well as the system of land acquisition is also not encouraging."

He pointed out that "all these obstacles prevent the Saudi investor and any other investor from investing in other fields outside the oil fields."

Earlier, the Iraqi embassy in Riyadh announced that Allawi had delivered a message from Prime Minister # Mustafa_ Al-Kazemi addressed to the Saudi Crown Prince Mohammed bin Salman.

The embassy said in a statement that "Iraq is serious in developing bilateral relations with the Kingdom, and that there is an eagerness to activate cooperation in all fields between the two countries and at a faster pace to ensure the achievement of economic returns."

For his part, the Saudi finance and trade ministers affirmed that “the leadership of the Kingdom, represented by King Salman bin Abdulaziz and Crown Prince # Muhammad_Ben Salman, has a steadfast approach to developing relations in all fields with Iraq.”

They also expressed «the kingdom’s readiness to open up to Iraq and open the horizon of economic, commercial and financial cooperation between the two countries, and that the Saudi private sector, with its capabilities, has the desire to enter the Iraqi market and invest in Iraq in a way that benefits both countries.

In the meantime, Abdel Rahman al-Mashhadani, an expert in economic affairs in Iraq, saw that «the orientation towards Saudi Arabia contributes to solving the economic crisis in the country for a short time, and does not mean that it is the final solution, as the financial problem cannot end without the pandemic of“ # Corona  ending and returning Oil prices to their previous nature. ”

And he continued his talk with "Al- Hall Net " that "the political side is clear in the Iraqi visit to Saudi Arabia, and it clarifies the plan for Al-Kazemi to move away from Iran and penetrate into the Arab depth. Therefore, the visit comes within the framework of helping Iraq and opening a new page with the Gulf Cooperation Countries."

 

https://7al.net/2020/05/23/العراق-يُغادر-المحور-الإيراني-وينسجم/

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Iraq collects Gulf financial aid to pay the salaries of its employees

05/23/2020

 
image
 
 

 

Follow-up - Mawazine News,
quoted by French government news agency, on Saturday, that Iraq is collecting aid from Gulf countries to secure payment of the salaries of its employees.
"The Iraqi Minister of Finance, Ali Allawi, who also performs the functions of the acting oil minister, will also visit Kuwait and the Emirates to collect financial aid," said the Iraqi government official, who was not named by AFP.
Another official pointed out that "Iraq needs the largest possible amount of liquidity to be able to pay the salaries of eight million civil and retired employees who earn about four billion dollars a month."
And the Iraqi Finance Minister, Ali Allawi, began a Gulf tour yesterday, Friday, in an effort to secure amounts that the country avoids paying the salaries of millions of employees in the aftermath of the collapse of crude oil prices.
Allawi met the Saudi finance, energy and foreign ministers in Riyadh, and appealed to them "for urgent financial support to Iraq so that the government can fulfill its promises to its employees."
And Iraq, the second largest oil producing country in OPEC, stands on the brink of a financial disaster that may lead it to take austerity measures, between low crude prices and the Covid epidemic-19, especially as its economy depends more than 90 percent on oil revenues, which have decreased five times during one year.
Iraq still depends on its draft budget for 2020, which it has not yet voted on, on an expected price of oil of $ 56 a barrel.
The second official said, "The previous government was even considering asking Kuwait to grant a deadline for Baghdad to pay it monthly compensation for its invasion of Saddam Hussein's forces in 1991."
He added, "It is very likely that (Prime Minister Mustafa) Al-Kazemi will make his first trip to the Gulf, as he is known for his closeness and personal relationship with the Saudi Crown Prince Muhammad bin Salman." Ended 6/29 n

 

https://www.mawazin.net/Details.aspx?jimare=101803

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In the document .. the Kurdistan government approves the content of the Federal Minister of Finance's book

 05/23/2020

 
image
 
 

 

 

Baghdad - Mawazine News
The Ministry of Finance and Economy of the Kurdistan Regional Government approved, on Saturday, the content of the Federal Minister of Finance's book, which includes a proposal on the settlement of financial matters between the two parties.
The ministry stated in a document, obtained by / Mawazine News / a copy of it: "It is a reference to your books No. 802 dated 19/5/2020 confirms the Kurdistan Regional Government approval of the content contained in your book."
The Federal Ministry of Finance, President of the Kurdistan Regional Government, Masroor Barzani, addressed four principles for settling financial conditions between the federal government and the region's government.
In a book directed by the Minister of Finance Ali Abdul Amir Allawi, he said to Barzani: "For the purpose of settling the financial conditions between the federal government and the region's government, and for the purpose of implementing the Federal Financial Management Law No. 6 of 2019, we see the adoption of the principles listed below as a prelude to implementing them fundamentally."
The proposed steps, according to the document, included "the payment of 400 billion Iraqi dinars for the month of April by the ministry to the Kurdistan region, in addition to entering intensive meetings between representatives of the two governments for the purpose of agreeing to a final settlement within a period not exceeding 30 days, and adopts the Federal Financial Management Law as a basis for it."
The Federal Financial Supervision Bureau, in coordination with the Federal Ministry of Finance and the Financial Supervision Bureau in the region, calculates and audits non-oil revenues for the region.
The document dated May 19 indicated that the financing for the subsequent payments for the month of April takes place after the implementation of the agreement that will result from the meetings. Ended 6/29 n

 

https://www.mawazin.net/Details.aspx?jimare=101799

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33 minutes ago, Mary B said:

In the document .. the Kurdistan government approves the content of the Federal Minister of Finance's book

 05/23/2020

 
image
 
 

 

 

Baghdad - Mawazine News
The Ministry of Finance and Economy of the Kurdistan Regional Government approved, on Saturday, the content of the Federal Minister of Finance's book, which includes a proposal on the settlement of financial matters between the two parties.
The ministry stated in a document, obtained by / Mawazine News / a copy of it: "It is a reference to your books No. 802 dated 19/5/2020 confirms the Kurdistan Regional Government approval of the content contained in your book."
The Federal Ministry of Finance, President of the Kurdistan Regional Government, Masroor Barzani, addressed four principles for settling financial conditions between the federal government and the region's government.
In a book directed by the Minister of Finance Ali Abdul Amir Allawi, he said to Barzani: "For the purpose of settling the financial conditions between the federal government and the region's government, and for the purpose of implementing the Federal Financial Management Law No. 6 of 2019, we see the adoption of the principles listed below as a prelude to implementing them fundamentally."
The proposed steps, according to the document, included "the payment of 400 billion Iraqi dinars for the month of April by the ministry to the Kurdistan region, in addition to entering intensive meetings between representatives of the two governments for the purpose of agreeing to a final settlement within a period not exceeding 30 days, and adopts the Federal Financial Management Law as a basis for it."
The Federal Financial Supervision Bureau, in coordination with the Federal Ministry of Finance and the Financial Supervision Bureau in the region, calculates and audits non-oil revenues for the region.
The document dated May 19 indicated that the financing for the subsequent payments for the month of April takes place after the implementation of the agreement that will result from the meetings. Ended 6/29 n

 

https://www.mawazin.net/Details.aspx?jimare=101799

I think this should be posted in its own thread. This is about the Financial Management Law and Kurdistan and Iraq agreeing on and the settlement of financial conditions. I would think this is important to the HCL!

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3 hours ago, Mary B said:

Al-Jubouri: The salaries of political prisoners and "Al-Rafhawy" are more than the Saudi loan

1590214724__107849000_f2e3ebb0-1735-4ef1-bbcd-2cd29016a128.jpg

 Al-Jubouri: The salaries of political prisoners and "Al-Rafhawy" are more than the Saudi loan

 Today, 16:21

Today, Saturday, the former deputy, Mishaan al-Jubouri, called for stopping the payment of salaries of political prisoners and detainees of Rafha, which together constitute a higher amount of the loan granted by Saudi Arabia to Iraq.

Al-Jubouri wrote on his account on the "Twitter" website and followed him "Gilgamesh Press," saying, "Finance Minister Abdul-Amir Allawi announced that Iraq obtained a three billion loan from Saudi Arabia to cover the salary deficit."

He added, "Note ... the amount of salaries that are paid to the so-called political and Al-Rafhawi prisoners annually is more than this amount."

 

https://glgamesh.com/140890--.html

Billy Joel the singer is involved in Iraq politics? 😄:drunk:...must be the beer I just had...

 

th?id=OIP.cym7y9Pj9y7_3l18_MxtKQHaEG&pid=Api&P=0&w=297&h=165

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Iraq decides to stop importing gas and electricity from Iran

ED44F4C7-F994-4CCA-ADBB-C248D62743DB
 
Saturday, May 23, 2020 

 

Iraq decided to stop importing gas and electricity from Iran.

Finance Minister Ali Abdel-Amir Allawi said in a tweet on him / Twitter /: "In implementation of the decisions of the US Treasury, we have decided to abide by not extending the exemption granted to Iraq from the sanctions imposed on the import of gas and electricity from Iran."
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Al-Taie: The government of Abdul-Mahdi has bound the new government with obligations that it cannot financially afford

Mujahid al-Tai
 
 

 

The political expert, Mujahid Al-Ta’i, confirmed that the government of former Prime Minister Adel Abdul-Mahdi has entrusted the new government, headed by Mustafa Al-Kazemi, with financial obligations that he could not afford financially.

Al-Taei said in a press statement, "The Abdul Mahdi government has employed hundreds of young people in a chaotic manner to calm the uprising, instead of fighting corruption and returning stolen money, which led to more slackness and the new government’s incurring of obligations that cannot be financially strong."

He explained that "failed solutions increase the catastrophe of the political system, they are demolition shovels and not building blocks, Oulu militia.
 
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Al-Kazimi's envoy to Saudi Arabia reveals the details of the visit: an economic balance and an open market

 
 05/23/23 03:38  
 
42473.jpg?watermark=4
 
 

 

Baghdad - Iraq today:

The Prime Minister's envoy and Minister of Finance Ali Abdul-Amir Allawi said on Friday that the trend is made up of three axes to develop relations with the Kingdom of Saudi Arabia and support the Iraqi economy.  

Allawi said, "The aim of the visit to Saudi Arabia is to go through three axes to develop Iraq’s relationship with the Saudi side, the first of which is immediate cash support to the budget. As for the second axis, it is to stimulate private Saudi companies and institutions, especially in the fields of energy and agriculture, and urge them to enter Iraqi markets through investments, The third axis is the activation of the commercial aspect. "  

Allawi added, "Iraq has a plan to move towards achieving an economic and financial balance with neighboring countries, and that the Iraqi market be open to all, away from harming a specific party."  

He continued, "The government seeks to urge Saudi companies to contribute to the reconstruction of the country," stressing that "Iraq needs immediate financial support so that the government can fulfill its obligations towards employees."  

Allawi stressed, "Many obstacles prevented investments in Iraq, including the laws and regulations in force, the loss of the incubating structure for foreign investments and the absence of banks at a global level, as well as the unpopular accounting and legal system, as well as the unpopular land acquisition system as well, all of these obstacles prevent the Saudi investor and any investor Another of the investment in other fields outside the oil fields, "calling for" the need to have an environment conducive to investment and the replacement of those laws and address the existing problems and obstacles. "  

And that "the administrative apparatus in Iraq is now incompatible with the requirements of the foreign investor, and it also contains major violations of corruption and interference in the way of taking decisions from parties not related to the investment work, interfering for the private and partisan benefit which is one of the main obstacles that keep the foreign investor", He pointed out that "when the investor sees this environment, he will be conservative, and no matter how large the Iraqi market is, it requires encouragement from the private sector, which also suffers from these constraints." 

On Thursday, Prime Minister Mustafa Al-Kazemi sent Finance Minister Ali Allawi to the Kingdom of Saudi Arabia on an economic mission.  

The Prime Minister’s Office said in a statement that “Finance Minister Dr. Ali Allawi heads to the Kingdom of Saudi Arabia, as an envoy from the Prime Minister to discuss bilateral relations and economic conditions in the region and encourage investment.”   

http://iraqtoday.com/news/41642/مبعوث-الكاظمي-إلى-السعودية-يكشف-تفاصيل-الزيارة-توازن-اقتصادي-وسوق-مفتوح?fbclid=IwAR250DsifE71x8WBCSjFLZnce0dJ1i4aamkj39xrxBXau6HV4l49WRR8CCE

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  • 1 month later...

A deputy warns against procrastinating the Iraqi-Chinese agreement to please America

 49 minutes ago
 
 
a31d71cf4c15e7a31167d7b1b073b623.jpg

Today, Sunday, the representative of the Badr Parliamentary Bloc, Karim Aliwi Al-Muhammadawi, called on the Iraqi government to activate the Iraqi-Chinese agreement at the time of former Prime Minister Adel Abdul-Mahdi to rehabilitate the infrastructure in exchange for oil.

In a statement, a copy of which was submitted, Al-Muhammadawi said, “Prime Minister Mustafa Al-Kazemi should return to the activation of the Iraqi-Chinese agreement that was agreed upon at the time of the previous government, as it is important at this stage to restore the infrastructure, especially with regard to the electricity and health sectors.” .

Al-Muhammadawi added, "The current government has to complete what was agreed upon in the previous government, not to be procrastinated and ignored, despite its strategic importance only to the pleasing of America." Achieving the supreme interests of Iraq

 

https://takadum-news.com/نائب-يحذر-من-تسويف-الاتفاقية-العراقية/

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