IRAQI DINAR POLITICS & ECONOMY

Urgent The Ministry of Finance sets next Sunday as the date for launching employee salaries

Urgent The Ministry of Finance sets next Sunday as the date for launching employee salaries

11/12/2020 17:02:59

(Baghdad: Al Furat News) The Ministry of Finance announced today, Thursday, the release of employees’ salaries for the month of last October.
And the ministry directed in a statement that {Al Furat News} received a copy of it, “All banks to resume their work to provide financial liquidity for the distribution of salaries.”
She added, “The launch of salaries includes all ministries Read more…

Parliamentary Finance: There is no share for the region from salaries if oil is not delivered, and an early date for approving the 2021 budget

Parliamentary Finance: There is no share for the region from salaries if oil is not delivered, and an early date for approving the 2021 budget

11/12/2020 15:04:18

(Baghdad: Al Furat News) A member of the Parliamentary Finance Committee, Ahmed Hama Rashid, announced today, Thursday, that the Kurdistan region’s non-compliance with the salary agreement in return for delivering oil does not have any share of salaries.
Rashid said in a statement to the Euphrates News Agency that “the fiscal deficit law has been approved,” noting that “if the region does not abide by the agreement Read more…

Financial expert: Iraq will face a new problem at the end of next year

Financial expert: Iraq will face a new problem at the end of next year

2020-11-12

Financial expert Ahmed Barihi warned, on Thursday, the government of a difficult financial problem in the Iraqi balance of payments at the end of next year, and that Iraq at the present time has no real problem, calling for not to launch bids arbitrarily Read more…

In a session held at dawn … Parliament approves a bill to finance the “fiscal deficit”

In a session held at dawn … Parliament approves a bill to finance the “fiscal deficit”

2020-11-12

The House of Representatives voted, Thursday dawn, on a bill to finance the “fiscal deficit.”

The Council voted on the bill’s articles, which are eight articles, including allocating 400 billion dinars to the large port of Faw and adopting fingerprints in salaries to eliminate Read more…

The deficit financing law ignites Kurdish disputes in Iraqi Kurdistan and Sulaymaniyah contemplates secession

The deficit financing law ignites Kurdish disputes in Iraqi Kurdistan and Sulaymaniyah contemplates secession

2020-11-12

On Thursday, a Kurdish political source revealed that there are major differences between the Patriotic Union and the Kurdistan Democratic Party, after the parliament voted on the financing of the deficit law.

The source said, “The National Union and its leadership headed by Read more…

The region’s presidency invites the top of the government pyramid to an important meeting

The region’s presidency invites the top of the government pyramid to an important meeting

12/11/2020 18:13

[Baghdad_Where]
On Thursday, the Presidency of Kurdistan expressed its concern about the Iraqi parliament passing a law on financing the fiscal deficit “without taking the principle of partnership”, calling for the three presidencies of the region, the concerned authorities and Read more…

Al-Kazemi directs finance to send the draft 2021 budget to the Cabinet Secretariat

Al-Kazemi directs finance to send the draft 2021 budget to the Cabinet Secretariat

12/11/2020 16:00

[Baghdad-Where]
The Prime Minister, Mustafa Al-Kazemi, on Thursday, directed the Ministry of Finance to send the draft budget for 2021 to the General Secretariat of the Council of Ministers.
The General Secretariat of the Council of Ministers stated, in a statement, that “Al-Kazemi Read more…

The Ministry of Finance announces the launch of employees’ salaries for the month of October

The Ministry of Finance announces the launch of employees’ salaries for the month of October

12/11/2020 17:13

[Baghdad-Where]
The Ministry of Finance announced, today, Thursday, the launch of financing the salaries of ministries and departments not associated with a ministry for the month of October, after the approval of the fiscal deficit law by the House of Representatives.
The media office of the Minister of Finance said in a statement, Read more…

Al-Rafidain reveals great benefits to citizens in exchange for depositing their money in the bank

Al-Rafidain reveals great benefits to citizens in exchange for depositing their money in the bank

11/11/2020 08:44:54

{Baghdad: Al Furat News} Al-Rafidain Bank announced, on Wednesday, that it will continue to open accounts for citizens and other segments to deposit their money in the bank.
The media office of the bank said in a press statement that “the bank continues to open accounts (savings and current) for citizens Read more…

In the document … a deputy reveals the value of the borrowing and the parties covered by it

In the document … a deputy reveals the value of the borrowing and the parties covered by it

11/11/2020 14:20:23

{Baghdad: Al Furat News} A deputy revealed the amount of the financial deficit financing bill {borrowing}
“What the government needs in terms of borrowing does not exceed 9.8 trillion dinars, while 23 trillion dinars have been allocated,” Jamal Al-Muhammadawi said during a press conference held at Parliament today.
He added, “We are surprised at the allocation of 1 trillion goods and services Read more…

Economist: The government has large funds that are not being used properly

Economist: The government has large funds that are not being used properly

2020-11-11

The economic expert Ihssan Al-Kinani said that the government is facing an opportunity that should be seized to remedy the financial crisis, bring about urban development and end the housing crisis, pointing out that a lot of the sums will enter the state treasury Read more…

Iraq gets a reduction in the cost of implementing Al-Faw port and demands more

Iraq gets a reduction in the cost of implementing Al-Faw port and demands more

11/11/2020 12:56

[Baghdad-Where]
The Iraqi Ministry of Transport confirmed, on Wednesday, that the Korean company Daewoo has reduced its financial demands by $ 150 million for the implementation of the Faw port.
The ministry’s spokesman, Faleh Hadi, said in an interview Read more…

A video meeting between Al-Kazemi and Bin Salman ends with an agreement on 9 items

A video meeting between Al-Kazemi and Bin Salman ends with an agreement on 9 items

11/11/2020 12:41

[Baghdad_Where]
Iraqi Prime Minister Mustafa Al-Kazemi and Saudi Crown Prince Mohammed bin Salman on Tuesday held a visual (virtual) meeting during which they agreed on nine items to strengthen relations between their countries on various levels.
According to a joint statement issued by the meeting, Read more…

Yazidi leader: Barzani’s party is targeting us because we have stopped his oil smuggling operations

Yazidi leader: Barzani’s party is targeting us because we have stopped his oil smuggling operations

11/11/2020 18:43

[Baghdad-Where]
The leader of the Yazidi crowd, Fahd Hamed, confirmed, on Wednesday, that the crowd stopped the oil smuggling operations that the Kurdish parties were practicing in Sinjar.
Hamid said that “influential parties that were linked to the Kurdistan Democratic Party” smuggle oil daily Read more…

Parliament Presidency calls on the blocs to pass the borrowing law to end the salary crisis and leave the auctions

Parliament Presidency calls on the blocs to pass the borrowing law to end the salary crisis and leave the auctions

11/11/2020 15:13

[Baghdad-Where] On
Wednesday, the Presidency of Parliament called on the political blocs to pass the borrowing law to end the salary crisis and leave the auctions.
According to his media office, Al-Kaabi urged parliamentary blocs to “vote on the fiscal deficit law in order to end the problem Read more…

The “white paper” indicates a major imbalance in the work of governmental and private banks in Iraq

The “white paper” indicates a major imbalance in the work of governmental and private banks in Iraq

2020-11-10 09:31

Shafaq News / The “white paper” on economic reform published by the Ministry of Finance on its official website indicated a defect in the work of government and private banks in Iraq, indicating that government banks have a monopoly of 82% of total loans and 86% of total deposits.

The paper, which was reviewed Read more…

The Kurds reject a “Shiite proposal” to delete Article 140

The Kurds reject a “Shiite proposal” to delete Article 140

2020-11-10 09:25

Shafaq News / The head of the Kurdistan Democratic Party bloc, Vian Sabri, announced on Sunday that the Kurdish representatives rejected a proposal by Shiite blocs to cancel Article 140 of the constitution.

Sabri told Shafaq News, “The constitution amendment committee held its meeting, Sunday, regarding Article 140 of the constitution, and at the meeting a number of committee members from Shiite blocs suggested deleting the article.

She explained that “the Kurdish deputies rejected the proposal completely, and as a result the meeting was Read more…

Iraq is preparing to ratify an agreement with Korea to export 250 thousand barrels of oil per day

Iraq is preparing to ratify an agreement with Korea to export 250 thousand barrels of oil per day

11/10/2020 11:12:52

(Baghdad: Al Furat News) A member of the Foreign Relations Committee, Melhan Al-Mukoutar, announced, on Tuesday, that Parliament is ready to ratify the Iraqi-Korean agreement at the end of next week.
“The House of Representatives is preparing at the end of next week to ratify the treaty to accelerate cooperation between the governments of Iraq and South Korea, after the relevant committees participate,” Al-Muktar said in a press statement.
He added that Read more…

Mulla Talal announces Thursday as the date for launching salaries in the event that the law is passed … and distinguished decisions regarding Basmajah

Mulla Talal announces Thursday as the date for launching salaries in the event that the law is passed … and distinguished decisions regarding Basmajah

11/10/2020 17:17:09

{Baghdad: Al Furat News} Ahmed Mulla Talal, spokesman for Prime Minister Mustafa Al-Kazemi, announced next Thursday the date for the launch of employees’ salaries in the event that the fiscal deficit law is passed in the parliament session tomorrow, Wednesday.
“We hope to pass the borrowing law in tomorrow’s session, so that the government will start releasing Read more…

The Iraqi Parliament reveals: The loan will be passed with only 15 trillion dinars

The Iraqi Parliament reveals: The loan will be passed with only 15 trillion dinars

Tuesday 10 November 2020 | 05:24 pm

The Parliamentary Financial Committee confirmed, on Tuesday, that the loan will pass by about 15 trillion dinars after the recent cuts, indicating that the government promised during yesterday’s meeting to send the 2021 budget at the end of this month .

A member of the Finance Committee, Jamal Cougar, said, “The committee discussed a lot about Read more…