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State of law: $ 208 million sold today by the Central Bank and information confirming the rise in the price of the dollar soon


21/04/2021


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Information / Special ...

 

Representative of the State of Law coalition, Kata Al-Rikabi, confirmed, on Wednesday, that the Central Bank sold more than $ 208 million in today's currency auction, the same levels that it was selling before the decision to raise the dollar exchange rate.

Al-Rikabi said in a statement to / the information / that “the government is boasting about reducing the sale of the dollar’s currency, and today $ 208 million has been sold,” indicating that “the dollar exchange rate will rise in the coming days as a result of selling the currency and increasing prices at the present time.”

Al-Rikabi said, "The State of Law coalition rejects the budget and they withdrew from voting on it because it does not meet the aspiration of the poor citizen."

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AFTER WEEKS OF DELAY, IRAQ’S COUNCIL OF REPRESENTATIVES PASSES BUDGET FOR 2021     SULAIMANI —  After weeks of delays caused by disagreements between the political parties, Iraq

You have to learn to read between the lines... They aren't going to come right out and tell you that they are going to change your life forever!!!  Seriously Greedy!  You fluctuate moods more than I d

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Al-Kazemi: We are working to launch a comprehensive investment campaign in Iraq

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21st April, 2021


Today, Wednesday, Prime Minister Mustafa Al-Kazemi affirmed that there will be work to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors, while calling for coordination between the National Investment Commission and the ministries to accelerate the completion of investment projects.

Al-Kazemi said during his visit to the National Investment Authority, according to a statement from his office received by Al-Sumaria News, "The Investment Authority has a major role in the process of rebuilding the country, and therefore it must be corrected and corrected from previous mistakes, as there is a defect in the country's infrastructure and wrong establishment and this mess must work to be completed according to sustainable plans and strategies." 

He pointed out that "a large number of projects have been transferred to investment during the past years, but most of them are either lagging illusory projects," noting that "thousands of dunams have been acquired for several years without any progress or progress in the projects."

He stressed the need for "coordination between the commission and other ministries concerned with investment to expedite the completion of investment projects," noting that "the National Investment Commission and the authorities in the governorates are required to take the necessary measures immediately to cancel project licenses that recorded a percentage (0 to 35%) and the time period has expired." Available for project implementation."

He called on the commission "to take similar measures for projects with very low completion rates for the period of time, and the state's rights must be fulfilled and its losses from the owners of these projects must be fully compensated." 

Al-Kazemi continued, saying, "We are working very hard to launch a comprehensive investment campaign in which Iraqi and foreign investors participate. Iraq is a great country and has great talents, and we must work hard to take advantage of them and encourage investors to work on strategic projects in the country," noting that "investment provides a better life for Iraqis."
And it reduces the pressure on the government in the field of recruitment, as it will provide many opportunities for the unemployed."

He stressed that "bureaucratic procedures and corruption are among the reasons that impede investment and we are working hard to address them, and just as we started a campaign against corruption, a major investment campaign must be launched," warning at the same time against "leniency with the corrupt or offenders or what harms the national interest of the country."

He pointed out that "the decisions that I made today regarding the delayed and unfinished projects and the withdrawal of licenses will be attacked by the corrupt, but we are continuing with them and it is part of our reform project."

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3 minutes ago, DinarThug said:

Al-Kazemi: We are working to launch a comprehensive investment campaign in Iraq

image.thumb.jpeg.389aa85b2f92d71452239bc7d2ce5d16.jpeg


21st April, 2021


Today, Wednesday, Prime Minister Mustafa Al-Kazemi affirmed that there will be work to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors, while calling for coordination between the National Investment Commission and the ministries to accelerate the completion of investment projects.

Al-Kazemi said during his visit to the National Investment Authority, according to a statement from his office received by Al-Sumaria News, "The Investment Authority has a major role in the process of rebuilding the country, and therefore it must be corrected and corrected from previous mistakes, as there is a defect in the country's infrastructure and wrong establishment and this mess must work to be completed according to sustainable plans and strategies." 

He pointed out that "a large number of projects have been transferred to investment during the past years, but most of them are either lagging illusory projects," noting that "thousands of dunams have been acquired for several years without any progress or progress in the projects."

He stressed the need for "coordination between the commission and other ministries concerned with investment to expedite the completion of investment projects," noting that "the National Investment Commission and the authorities in the governorates are required to take the necessary measures immediately to cancel project licenses that recorded a percentage (0 to 35%) and the time period has expired." Available for project implementation."

He called on the commission "to take similar measures for projects with very low completion rates for the period of time, and the state's rights must be fulfilled and its losses from the owners of these projects must be fully compensated." 

Al-Kazemi continued, saying, "We are working very hard to launch a comprehensive investment campaign in which Iraqi and foreign investors participate. Iraq is a great country and has great talents, and we must work hard to take advantage of them and encourage investors to work on strategic projects in the country," noting that "investment provides a better life for Iraqis."
And it reduces the pressure on the government in the field of recruitment, as it will provide many opportunities for the unemployed."

He stressed that "bureaucratic procedures and corruption are among the reasons that impede investment and we are working hard to address them, and just as we started a campaign against corruption, a major investment campaign must be launched," warning at the same time against "leniency with the corrupt or offenders or what harms the national interest of the country."

He pointed out that "the decisions that I made today regarding the delayed and unfinished projects and the withdrawal of licenses will be attacked by the corrupt, but we are continuing with them and it is part of our reform project."

 

Iraq .. launching an electronic portal to receive investment requests

 
Iraq .. launching an electronic portal to receive investment requests
 
 
Head of the Iraqi National Investment Commission, Suha Dawood Najjar

 
 April 21, 2021 03:20 PM

Mubasher: The President of the Iraqi National Investment Commission, Suha Dawoud Najjar, announced the launch of an online portal to receive investment applications through the commission’s official website, starting today, Wednesday, April 21, 2021.


Najjar said, in a statement issued by the National Investment Commission, that the portal grants investors a number of privileges after creating their own accounts. It includes the ability to submit and disclose all the required documents electronically and follow the status of the requests to see if they have been approved, rejected, or are still under study, in addition to adding the information authorized by the concerned investment entity.

Najjar emphasized that this approach came within the framework of the commission’s serious endeavor to reduce the red tape and bureaucratic procedures that often accompany the application process, and to reduce the possibility of the investor being exposed to any form of deliberate delay or extortion in a way that contributes to creating an attractive investment environment.

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The war on the corrupt is escalating ... international newspapers and websites follow up on news of the arrest of senior Iraqi officials by the Al-Kazemi government.

 

Policy  ,   2021/04/21 17:56   
 
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Baghdad - Iraq today:

 

“The deadline given to the corrupt by the government to settle files and return the money voluntarily has apparently ended, and the stage now is comprehensive accountability and no one will escape from it.”
 

With these words a political source concludes what is happening now in Baghdad, where he sees that “President Minister Mustafa Al-Kazemi reasonably prepared his comprehensive war against corruption, and offered a settlement to return the stolen money of Iraq, and he meant that exactly as it turned out, and that the man is determined to recover the money, after accountability, and he will not be satisfied with the arrest of the corrupt. "

In an interview with (Iraq Today), he describes the scene in the political and governmental corridors, that the autumn season has come in its time for the corrupt, whose files have begun to be subjected to in-depth criminal investigations, and it seems that escaping from the grip of the Diwani Order 29 Committee headed by the human rights team Ahmed Abu Ragheef has become distant Very fetched. "

He added, "The major task of the Al-Kazemi government was to organize early elections and restore the prestige of the state and the law, but the man put an important agenda on his program, as if he was saying that any early elections and restoring the prestige of the state and the law can only pass through the path of eliminating the corrupt, so he goes on despite - Since it has no party, no bloc, and no clear political support - moving forward and will not back down anyway. "

The Iraqi Public Integrity Commission announced the issuance of arrest warrants and summonses against 58 current and former officials accused of corruption.

"The judiciary issued eight arrest warrants and 50 summonses against current and former officials last March," the commission said in a statement.

And she added, "arrest warrants against a deputy in the Iraqi parliament, a former deputy, a former minister and a former deputy minister."

The statement indicated that the arrest and detention orders included current and former governors, as well as 25 executive directors of state institutions, including current and former officials, in addition to a number of government employees appointed to temporarily fill vacancies.

The statement indicated that 22 members of local councils and others are also wanted by the authorities.

The commission did not name the parties concerned or the charges against them, and it was content with their involvement in corruption cases.

In February 2020, the authority announced the issuance of 82 summons and arrests against former and current ministers and their subordinates, in addition to summoning 624 executive directors during the year 2020.

Last August, the Iraqi Prime Minister, Mustafa Al-Kazemi, formed a special committee to investigate major corruption files The tasks of implementing arrest warrants were assigned to the Special Forces headed by the Prime Minister.

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Tender for processing paper currency parcel tapes

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20th April, 2021

Tender numbered ( 01/2021 ) for equipping the Central Bank of Iraq with paper currency parcels

 The Central Bank of Iraq invites officially licensed companies and offices with experience and competence and who are qualified to participate in a tender to equip it with (2500) reel of strips of paper currency parcels according to the technical specifications and legal conditions prepared by this bank. 
 
The Central Bank of Iraq / located in Baghdad - Al Rasheed Street - Building No. (2) Floor (3) Legal Department / Contracts Department for the purpose of obtaining tender documents for an amount of (100,000) dinars (one hundred thousand dinars) non-refundable and the tender closing date will be before The end of the official working hours on Monday 5/24/2021

 

Legal Department / Contracts Department

4 hours ago, DinarThug said:

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Tender for processing paper currency parcel tapes

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20th April, 2021

 

Tender numbered ( 01/2021 ) for equipping the Central Bank of Iraq with paper currency parcels

 The Central Bank of Iraq invites officially licensed companies and offices with experience and competence and who are qualified to participate in a tender to equip it with (2500) reel of strips of paper currency parcels according to the technical specifications and legal conditions prepared by this bank. 
 
The Central Bank of Iraq / located in Baghdad - Al Rasheed Street - Building No. (2) Floor (3) Legal Department / Contracts Department for the purpose of obtaining tender documents for an amount of (100,000) dinars (one hundred thousand dinars) non-refundable and the tender closing date will be before The end of the official working hours on Monday 5/24/2021

 

Legal Department / Contracts Department

 

Fwiw - There’s Been Some Thought That This Article From The CBI Is In Reference To The ‘Parcel Tapes’ For Securing The ‘Paper Currency’ Stacks ! :o 

 

With The Additional Thought Towards New Notes Forthcoming ...

 

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:D  :D  :D 
 

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Al-Kazemi's advisor determines the mechanisms used to control the exchange rate of the dollar against the dinar
 
 
Wednesday 21 April 2021 18:28
 
 
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(INA) Baghdad: Nassar al-Hajj - The financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified, today, Wednesday, the mechanisms followed by the Central Bank of Iraq to control the exchange rate, while responding to fears of a greater rise in the coming period.
 
 Saleh told the Iraqi News Agency (INA), that "the window of the Central Bank of Iraq for the sale and purchase of foreign currency is a tool for the stability and stability of the exchange rate through daily interventions in the monetary market that mainly aim at withdrawing high levels of liquidity in the Iraqi dinar from the market, which is called (the sterilization policy). Cash) ".
 
 He added, "Where the desired market demand for foreign currency is met by exchanging the dinar for foreign cash that is in the possession of the monetary authority, because that authority is the monetary issuance authority, that is, it is the one who issued the same dinar and it is concerned with preserving the stability of its value and purchasing power."
 
 He continued, "Those excess levels of cash liquidity in dinars are pressing, generating a demand for foreign currency, which means a demand for foreign goods, services and benefits, as foreign currency contributes to financing Iraq's foreign trade, that is, import trade, which provides the supply of foreign currency and mainly to the market that is in the bank’s possession.
 
"The Iraqi Central Bank, no one else, through the accumulation of its efficient reserves of foreign currency represented by the very high coverage of the dinar, so the Central Bank undertakes the sale from its window that practices defense of the stability of the exchange rate within its official prescribed limits of 1450 dinars per dollar."
 
 He pointed out that "based on the foregoing, the daily monetary policy operations that perform their function by controlling the monetary liquidity in dinars and exchanging it at a stable exchange rate (as a nominal fixer of the external value of money), that is, to absorb that liquidity after exchanging it in the foreign currency at a fixed rate, it must be reflected in the stability of the exchange rate and from Then the price calm and stability successively, because the price is the value of the currency, expressed in money. "
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Al-Fateh: Sunni and Kurdish blocs caused the parliament session to be postponed to Thursday

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18:59 - 21/04/2021

 

A member of the Parliamentary Planning Committee, Muhammad Karim Al-Baldawi, confirmed, on Wednesday, that the reason for the postponement of the parliament session is the failure of some Kurdish and Sunni blocs to attend.

Al-Baldawi said in a statement to / Al-Maalouma /, “Some Sunni and Kurdish blocs have failed to attend the parliament session, which led to the postponement of the session until next Thursday.


Al-Baldawi explained, “These blocs were a reason to postpone the session’s work until next Thursday, and hopefully they would come at the next date.”

It is noteworthy that the session’s agenda includes voting on a proposal for the Sports Clubs Law, and a discussion of the Workers’ Retirement Social Security Law.

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The industry diversifies its plans to implement projects and reveals the number of deliverables with its short-term plan

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21st April, 2021


The Ministry of Industry and Minerals announced, on Wednesday, the near completion of the short-term plan to rehabilitate the stalled factories, and while it indicated that it intends to open new factories as part of the plan to promote the national industry, it confirmed that the government has taken several measures that have contributed to the advancement of the national industry. 
 
The ministry’s spokesman, Mortada Al-Safi, said, “The ministry has developed a plan to promote the stalled factories and factories, and it consists of 3 phases, short-term, medium-term and long-term,” affirming that "14 to 15 laboratories out of 17 have been completed within the short-term plan."  

He added, "The medium plan stipulates the implementation of 24 factories and factories for a period of 3 years, while the long plan consists of 42 factories and factories and will be completed within 5 years."

He pointed out that "the ministry intends to add and update production lines, as well as open new factories as part of the plan, to promote the national industry." "This will result in creating job opportunities, in addition to appointing degree holders, transferring technology to the country, and providing hard currency to the country," he said. 

He pointed out that "there are losing companies because of the merger, as the number of the ministry's companies was 76 in the past, but now only 33 companies," noting that "the merger between companies led to the loss."
 
He explained that "controlling the borders, activating customs tariffs and controlling quality, and starting the ministry in the public sector by returning these factories, so we are witnessing the presence of many national products." 

He pointed out that "the private sector started work, opened its doors and started production, all because of the government's credibility in controlling the ports, imposing customs tariffs and controlling quality, which led to the advancement of the national industry." 
He stated that "Minister of Industry Manhal Al-Khabbaz confirms that the public and private sectors do not rise alone, we need to twin them under the slogan" Made in Iraq."

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8 hours ago, 6ly410 said:

ERBIL, Kurdistan Region — Iraqi Prime Minister Mustafa al-Kadhimi issued on Wednesday a decision to suspend the operating licenses for 1,128 unfinished investment projects, saying most of them are either too slow to be completed or are fake.  

“This chaos must end,” Kadhimi said during a visit to the National Investment Commission, according to a statement from his media office, saying sustainable plans and strategies are needed.

"There are thousands of acres of land that have been acquired for investment projects for years without any progress being made.”

The PM called on the Investment Commission to suspend 1,128 projects that are up to 35 percent finished. 

"I will be held accountable, according to the law, for any failure to rectify the situation,” Kadhimi said.

In August, the PM formed an anti-corruption committee in a campaign to combat corruption, an issue which factored into the outbreak of the Iraqi protests in October 2019.

Iraq’s parliamentary integrity committee said on Monday that it has “big corruption cases” against a number of former and current ministers, with an anti-corruption body saying it issued 58 warrants and summons last month.

Iraq is ranked one of the most corrupt countries in the world, according to Transparency Internationalwhich ranked it at 21st in 2020.

End the power of lagging investors on state land

Thursday April 22, 2021 

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Baghdad: Hazem Muhammad Habib

 
The head of the National Investment Commission, Suha al-Najjar, promised Prime Minister Mustafa Al-Kazemi to cancel all licenses for investment projects whose completion rate ranges between (0-35%) And the time period available for its implementation has ended, an important decision, indicating that the directive, which will cancel 1,128 investment licenses, will return to the state about 400 thousand dunams, with an estimated value of 90 trillion dinars.

Al-Kazemi had also directed, during his visit to the Investment Authority and his briefing on the progress of work and the obstacles facing investment in the country, according to a statement by his office, to “fully adhere to the application of the provisions of Article 28 of the Investment Law by sending warnings to incomplete projects, provided that the National Investment Commission shall supervise And follow-up implementation of procedures, ”and also directed to“ withdraw licenses in the event that the investor does not comply with the completion period.

 Al-Najjar told Al-Sabah: “Canceling investment licenses for delayed projects will provide the state with financial resources as a result of the issues arising from these projects, such as customs exemptions on building materials and the characteristics of the entry of large numbers of foreign workers, in addition to ending the control of project investors lagging on state-owned land.”


She added that the directives are an important step that has positive and tangible economic effects, indicating that it will end customs exemptions that affect the local industry, which will contribute to restarting local factories and attracting Iraqi manpower, as well as limiting the granting of entry characteristics for foreign workers that affect the creation of Local employment opportunities. 

Al-Najjar emphasized that the directives will contribute to improving and developing investment work, by returning those previously transferred lands and putting them up again to implement real projects that are tangible on the ground. 

 

In another matter, the President of the National Investment Commission stated that the (20) thousand housing units in the Basmajah complex that the authority proposed aim to reduce the effects of the housing crisis in the country, indicating that lowering prices and reducing the interest rate, and facilitating facilities in the payment process, were the most prominent measures taken by it.

The Commission in presenting these units, and confirms that the Commission will proceed to address the housing problem that plagues the country.

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1 minute ago, DinarThug said:

End the power of lagging investors on state land

Thursday April 22, 2021 

image.jpeg.4ec3aeaf96a69156333baed742b0c715.jpeg


Baghdad: Hazem Muhammad Habib

 
The head of the National Investment Commission, Suha al-Najjar, promised Prime Minister Mustafa Al-Kazemi to cancel all licenses for investment projects whose completion rate ranges between (0-35%) And the time period available for its implementation has ended, an important decision, indicating that the directive, which will cancel 1,128 investment licenses, will return to the state about 400 thousand dunams, with an estimated value of 90 trillion dinars.

Al-Kazemi had also directed, during his visit to the Investment Authority and his briefing on the progress of work and the obstacles facing investment in the country, according to a statement by his office, to “fully adhere to the application of the provisions of Article 28 of the Investment Law by sending warnings to incomplete projects, provided that the National Investment Commission shall supervise And follow-up implementation of procedures, ”and also directed to“ withdraw licenses in the event that the investor does not comply with the completion period.

 Al-Najjar told Al-Sabah: “Canceling investment licenses for delayed projects will provide the state with financial resources as a result of the issues arising from these projects, such as customs exemptions on building materials and the characteristics of the entry of large numbers of foreign workers, in addition to ending the control of project investors lagging on state-owned land.”


She added that the directives are an important step that has positive and tangible economic effects, indicating that it will end customs exemptions that affect the local industry, which will contribute to restarting local factories and attracting Iraqi manpower, as well as limiting the granting of entry characteristics for foreign workers that affect the creation of Local employment opportunities. 

Al-Najjar emphasized that the directives will contribute to improving and developing investment work, by returning those previously transferred lands and putting them up again to implement real projects that are tangible on the ground. 

 

In another matter, the President of the National Investment Commission stated that the (20) thousand housing units in the Basmajah complex that the authority proposed aim to reduce the effects of the housing crisis in the country, indicating that lowering prices and reducing the interest rate, and facilitating facilities in the payment process, were the most prominent measures taken by it.

The Commission in presenting these units, and confirms that the Commission will proceed to address the housing problem that plagues the country.

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Al-Kazemi orders the cancellation of licenses for 1,128 investment projects, and another incomplete warning

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21st April, 2021


On Wednesday, Prime Minister Mustafa Al-Kazemi directed the Investment Authority to cancel the licenses of 1,128 investment projects, and to issue warnings for other incomplete projects. 

Al-Kazemi's office said in a statement received by the "Tigris", that "Prime Minister Mustafa Al-Kazemi visited the Investment Authority and looked at the progress of work and the obstacles facing investment in the country," indicating that "he directed the cancellation of all licenses for investment projects whose completion rate ranges between (0-35%).

The period of time available for the implementation of the project has expired, and the number of projects to which this applies is 1,128 projects.

He added that Al-Kazemi also instructed "full commitment to implement the provisions of Article 28 of the Investment Law by directing warnings to incomplete projects.

The National Investment Commission shall supervise and follow up the implementation of procedures, as well as withdraw licenses in the event that the investor does not adhere to the completion period." 

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Parliamentary economy and investment: The prime minister is trying to present achievements, but some obstruct his moves

 

A member of the Parliamentary Economic and Investment Committee, Falah Al-Khafaji, confirmed today, Wednesday, that Prime Minister Mustafa Al-Kazemi is trying to present achievements, but some obstruct his moves.

"The Iraqi government decided to open importing vegetables to control prices," Al-Khafaji said during the (Deep Breath) program broadcast by the "Tigris", pointing out that "a non-Iraqi company is following the movement of the dollar in Iraq."

He added that "there is a major collusion of the Parliamentary Finance Committee with the government regarding the price of the dollar," noting that "Prime Minister Mustafa Al-Kazemi is trying to present achievements, but some obstruct his moves."

Concerning the recent statements of the Minister of Finance, Al-Khafaji commented, saying: "The Minister of Finance declares that he lives in another country," adding that "the white paper cannot be applied on the ground."

He noted that "what falls on the shoulders of the government at this stage is to return its accounts because the citizen will not be silent in the next stage," considering that "the contractors' compensation came because of their association with the political blocs."

Speaking about the Investment Authority, he stated that "the Investment Authority has been suspended since Sami Al-Araji's exit, while the current president is unable to manage the authority."

He concluded his speech by saying that "meeting the prime minister is much easier than meeting the head of the Investment Authority."

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Al-Kazemi will visit the United States next July

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22nd April, 2021


A member of the Future Bloc in Parliament, Sarkut Shams al-Din, revealed, on Thursday, that Prime Minister Mustafa Al-Kazemi's visit to the United States of America is expected next July.

Shams al-Din said, in a statement received by Mawazine News, a copy of it, that "the United States of America is in the process of writing a strategy for the Middle East, including Iraq, next month."

From the American side, it will be provided to Iraq after this stage and how relations will be with it, and he will be informed of what this strategy will include with regard to Iraq." 

He added, "Al-Kazemi was the first prime minister in the Middle East that US President Joe Biden called after he won the elections and was installed as president of the United States."

Shams al-Din stated, "The Iraqi-American dialogue focused on shifting the tasks of the American army and the coalition forces in general from combat to training, in addition to the responsibility of the camps in which these forces are located to the Iraqi side after completing the task of training them to maintain their security and protect the foreign forces present in them."

So that the camp would be a pure Iraqi, with few American trainers present."

The deputy added, "Within the dialogue, the Iraqi side pledged to protect American forces before the complete withdrawal and diplomatic missions, and to confront any attack on them, whether by missiles, explosive devices or others, and foreign forces cannot intervene or take any step towards these attacks," stressing that "

This mission will test the ability of the Iraqi army to maintain the security and sovereignty of the country."

Shams al-Din explained, "The dialogue also focused on the issues of investment and the economy, as American companies began to work in the southern governorates in the field of oil and gas and others, after an interruption of years."

He hinted that "there were different points of view between the federal government and the Kurdistan region during the strategic dialogue, as the latter requested that the American forces remain while the first party was committed to the presence of those forces for a specific period, while the American side had a view that its forces did not remain forever.

The protection of Iraq must be handed over to the elements of the Iraqi army and their readiness during the next stage in confronting the armed groups outside the law that have negatively affected security and which may cause the perpetuation of the US forces' stay in the country." 

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15 hours ago, DinarThug said:

Al-Kazemi orders the cancellation of licenses for 1,128 investment projects, and another incomplete warning

image.thumb.jpeg.2072716389ba8711f15421a11725cedb.jpeg
 

21st April, 2021


On Wednesday, Prime Minister Mustafa Al-Kazemi directed the Investment Authority to cancel the licenses of 1,128 investment projects, and to issue warnings for other incomplete projects. 

Al-Kazemi's office said in a statement received by the "Tigris", that "Prime Minister Mustafa Al-Kazemi visited the Investment Authority and looked at the progress of work and the obstacles facing investment in the country," indicating that "he directed the cancellation of all licenses for investment projects whose completion rate ranges between (0-35%).

The period of time available for the implementation of the project has expired, and the number of projects to which this applies is 1,128 projects.

He added that Al-Kazemi also instructed "full commitment to implement the provisions of Article 28 of the Investment Law by directing warnings to incomplete projects.

The National Investment Commission shall supervise and follow up the implementation of procedures, as well as withdraw licenses in the event that the investor does not adhere to the completion period." 


 

400 thousand dunums, with a value equivalent to a full year’s budget, returned to Iraq after being seized for years by “contractors” .. What does the decision to cancel “slow” investment licenses mean?


2021-04-22
 
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Yes Iraq: Baghdad

 

90 trillion, a figure comparatively equivalent to the value of a full budget for one year in Iraq. This is what the state will obtain after the government’s decision to cancel investment licenses whose completion rate did not exceed 35% despite the end of the planned period of time.

Al-Kazemi, during his visit to the Investment Authority, directed to cancel all licenses for investment projects whose completion rate ranged between (0-35%) and the time period available for the implementation of the project has expired, and the number of projects to which this applies is 1128 projects.

Among the directives is a full commitment to implement the provisions of Article 28 of the Investment Law by directing warnings to unfinished projects. The National Investment Commission shall supervise and follow up the implementation of procedures, in addition to withdrawing licenses in the event that the investor does not adhere to the completion period.

The head of the National Investment Commission, Suha Al-Najjar, commented on this decision, revealing that it would return to the state 400,000 dunams, with an estimated value of 90 trillion dinars.

Al-Najjar said in statements to the official newspaper that the abolition of investment licenses for lagging projects will provide the state with financial resources as a result of the issues arising from these projects, such as customs exemptions on building materials and the characteristics of entry of large numbers of foreign workers in addition to ending the control of investors of projects lagging on state-owned land.

She added that the directives are an important step that has positive and tangible economic repercussions, indicating that it will end customs exemptions that affect the local industry, which will contribute to restarting local factories and attracting Iraqi manpower, as well as limiting the granting of entry characteristics for foreign workers that affect the creation of employment opportunities. Local.

Al-Najjar confirmed that the directives will contribute to improving and developing the investment business, by returning those previously transferred lands and putting them up again to implement real projects that are tangible on the ground.

In another matter, the President of the National Investment Commission stated that the 20 thousand housing units in the Basmajah complex that were proposed by the commission aims to reduce the effects of the housing crisis in the country, indicating that reducing prices and reducing the interest rate, and facilitating facilities in the payment process, were the most prominent measures taken by the Commission in presenting These units, and the Commission confirms that the Commission will proceed to address the housing problem that the country suffers from.

LINK 

 

Edited by DinarThug
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20 hours ago, DinarThug said:

Al-Fateh: Sunni and Kurdish blocs caused the parliament session to be postponed to Thursday
image.jpeg.ea54ec22f0fda2f799bd80cd80d897ff.jpeg

18:59 - 21/04/2021

 

A member of the Parliamentary Planning Committee, Muhammad Karim Al-Baldawi, confirmed, on Wednesday, that the reason for the postponement of the parliament session is the failure of some Kurdish and Sunni blocs to attend.

Al-Baldawi said in a statement to / Al-Maalouma /, “Some Sunni and Kurdish blocs have failed to attend the parliament session, which led to the postponement of the session until next Thursday.


Al-Baldawi explained, “These blocs were a reason to postpone the session’s work until next Thursday, and hopefully they would come at the next date.”

It is noteworthy that the session’s agenda includes voting on a proposal for the Sports Clubs Law, and a discussion of the Workers’ Retirement Social Security Law.

 

LINK

A deputy shows the reason for the postponement of the parliament session

image.jpeg.d7a5b2c6253a8592f1e214066bf7fc56.jpeg
 


18:05 - 4/22/2021

 


On Thursday, Al-Fateh Alliance MP Fadel Al-Fatlawi explained the reason for the postponement of the parliament session, which is supposed to be the first parliamentary session in the new legislative term.

 

Al-Fatlawi said in a statement to / information / that “the reason for the postponement of the parliament session for this day is the lack of a quorum of 166 deputies, which led to the postponement of the session to another slogan.”

Al-Fatlawi stressed, "The representatives of the blocs from the representatives attended all of them, but the quorum was not completed," indicating that "the postponement of the first session of the new legislative term for the second time may harm the public interest."  

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23 hours ago, DinarThug said:

Al-Kazemi: We are working to launch a comprehensive investment campaign in Iraq

image.thumb.jpeg.389aa85b2f92d71452239bc7d2ce5d16.jpeg


21st April, 2021


Today, Wednesday, Prime Minister Mustafa Al-Kazemi affirmed that there will be work to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors, while calling for coordination between the National Investment Commission and the ministries to accelerate the completion of investment projects.

Al-Kazemi said during his visit to the National Investment Authority, according to a statement from his office received by Al-Sumaria News, "The Investment Authority has a major role in the process of rebuilding the country, and therefore it must be corrected and corrected from previous mistakes, as there is a defect in the country's infrastructure and wrong establishment and this mess must work to be completed according to sustainable plans and strategies." 

He pointed out that "a large number of projects have been transferred to investment during the past years, but most of them are either lagging illusory projects," noting that "thousands of dunams have been acquired for several years without any progress or progress in the projects."

He stressed the need for "coordination between the commission and other ministries concerned with investment to expedite the completion of investment projects," noting that "the National Investment Commission and the authorities in the governorates are required to take the necessary measures immediately to cancel project licenses that recorded a percentage (0 to 35%) and the time period has expired." Available for project implementation."

He called on the commission "to take similar measures for projects with very low completion rates for the period of time, and the state's rights must be fulfilled and its losses from the owners of these projects must be fully compensated." 

Al-Kazemi continued, saying, "We are working very hard to launch a comprehensive investment campaign in which Iraqi and foreign investors participate. Iraq is a great country and has great talents, and we must work hard to take advantage of them and encourage investors to work on strategic projects in the country," noting that "investment provides a better life for Iraqis."
And it reduces the pressure on the government in the field of recruitment, as it will provide many opportunities for the unemployed."

He stressed that "bureaucratic procedures and corruption are among the reasons that impede investment and we are working hard to address them, and just as we started a campaign against corruption, a major investment campaign must be launched," warning at the same time against "leniency with the corrupt or offenders or what harms the national interest of the country."

He pointed out that "the decisions that I made today regarding the delayed and unfinished projects and the withdrawal of licenses will be attacked by the corrupt, but we are continuing with them and it is part of our reform project."

[.      

On 4/21/2021 at 1:27 PM, DinarThug said:

to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors,

while calling for coordination between the National Investment Commission and the ministries to accelerate the completion of investment projects.

 

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11 minutes ago, GreedyDinar07 said:

Yea they need to move at God’s speed!


Iraq Only Knows How To Move At “Allah’s Speed” ! :o 

 

 

And Especially During Ramadan ...

 

image.gif.8a57006bfa2c1f72e8d7e6a520dab7b9.gif

 

:D  :D  :D 

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56 minutes ago, DinarThug said:


 

400 thousand dunums, with a value equivalent to a full year’s budget, returned to Iraq after being seized for years by “contractors” .. What does the decision to cancel “slow” investment licenses mean?


2021-04-22
 
1594823823_elct.jpg?resize=696%2C464&ssl

 

Yes Iraq: Baghdad

 

90 trillion, a figure comparatively equivalent to the value of a full budget for one year in Iraq. This is what the state will obtain after the government’s decision to cancel investment licenses whose completion rate did not exceed 35% despite the end of the planned period of time.

Al-Kazemi, during his visit to the Investment Authority, directed to cancel all licenses for investment projects whose completion rate ranged between (0-35%) and the time period available for the implementation of the project has expired, and the number of projects to which this applies is 1128 projects.

Among the directives is a full commitment to implement the provisions of Article 28 of the Investment Law by directing warnings to unfinished projects. The National Investment Commission shall supervise and follow up the implementation of procedures, in addition to withdrawing licenses in the event that the investor does not adhere to the completion period.

The head of the National Investment Commission, Suha Al-Najjar, commented on this decision, revealing that it would return to the state 400,000 dunams, with an estimated value of 90 trillion dinars.

Al-Najjar said in statements to the official newspaper that the abolition of investment licenses for lagging projects will provide the state with financial resources as a result of the issues arising from these projects, such as customs exemptions on building materials and the characteristics of entry of large numbers of foreign workers in addition to ending the control of investors of projects lagging on state-owned land.

She added that the directives are an important step that has positive and tangible economic repercussions, indicating that it will end customs exemptions that affect the local industry, which will contribute to restarting local factories and attracting Iraqi manpower, as well as limiting the granting of entry characteristics for foreign workers that affect the creation of employment opportunities. Local.

Al-Najjar confirmed that the directives will contribute to improving and developing the investment business, by returning those previously transferred lands and putting them up again to implement real projects that are tangible on the ground.

In another matter, the President of the National Investment Commission stated that the 20 thousand housing units in the Basmajah complex that were proposed by the commission aims to reduce the effects of the housing crisis in the country, indicating that reducing prices and reducing the interest rate, and facilitating facilities in the payment process, were the most prominent measures taken by the Commission in presenting These units, and the Commission confirms that the Commission will proceed to address the housing problem that the country suffers from.

LINK 

 

A lot of these projects were fraudulent they will now be managed by an investment board 

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16 hours ago, DinarThug said:

She added that the directives are an important step that has positive and tangible economic effects, indicating that it will end customs exemptions that affect the local industry, which will contribute to restarting local factories and attracting Iraqi manpower, as well as limiting the granting of entry characteristics for foreign workers that affect the creation of Local employment opportunities. 

Straight from the military Play book well done prateaeus! “COIN”

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2 minutes ago, screwball said:

The rate is coming get ready peeps 

 

They have indeed come way to far to not complete this this time. I have a feeling we are sitting right on top of this blowing sky high....I just read about Iraq being lumped in a Basket (SDR's) of various middle Eastern Currencies and something about all the middle Eastern Countries hold a variety of other middle East currencies in their reserves.

 

So should Iraq come out of the Gate High in Value the Basket of those Currencies Goes Up.....All of the middle East Profits  from this.

 

Then Iraq can truly become the Central hub of the Middle East and move the Middle East back to the Glory Days of the Past.......Tourist Destination/Trap, Holliweird Film Hot Spot.

 

They had better begin Relieving that there are a lot of other Middle Eastern Countries that also stand to gain for Iraq getting off the pot and getting this done.

 

Karsten

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41 minutes ago, Karsten said:

 

They have indeed come way to far to not complete this this time. I have a feeling we are sitting right on top of this blowing sky high....I just read about Iraq being lumped in a Basket (SDR's) of various middle Eastern Currencies and something about all the middle Eastern Countries hold a variety of other middle East currencies in their reserves.

 

So should Iraq come out of the Gate High in Value the Basket of those Currencies Goes Up.....All of the middle East Profits  from this.

 

Then Iraq can truly become the Central hub of the Middle East and move the Middle East back to the Glory Days of the Past.......Tourist Destination/Trap, Holliweird Film Hot Spot.

 

They had better begin Relieving that there are a lot of other Middle Eastern Countries that also stand to gain for Iraq getting off the pot and getting this done.

 

Karsten

Not doubting your word; could you supply a link to -I just read about Iraq being lumped in a Basket (SDR's) of various middle Eastern Currencies and something about all the middle Eastern Countries hold a variety of other middle East currencies in their reserves.

 

Thanks :tiphat:

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52 minutes ago, Karsten said:

 

They have indeed come way to far to not complete this this time. I have a feeling we are sitting right on top of this blowing sky high....I just read about Iraq being lumped in a Basket (SDR's) of various middle Eastern Currencies and something about all the middle Eastern Countries hold a variety of other middle East currencies in their reserves.

 

So should Iraq come out of the Gate High in Value the Basket of those Currencies Goes Up.....All of the middle East Profits  from this.

 

Then Iraq can truly become the Central hub of the Middle East and move the Middle East back to the Glory Days of the Past.......Tourist Destination/Trap, Holliweird Film Hot Spot.

 

They had better begin Relieving that there are a lot of other Middle Eastern Countries that also stand to gain for Iraq getting off the pot and getting this done.

 

Karsten

Agreed, personally I am hoping for a rate of about $2.65!!!

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