Al-Sudani: Iraq is witnessing a new reality today in the private sector

Prime Minister Muhammad Shiaa Al-Sudani met today, Friday, with an elite group of Iraqi businessmen residing in the American state of Michigan, as part of his official visit to the United States.

The businessmen reviewed their companies’ specializations and businesses, and expressed their willingness to be in Iraq to pursue and participate in investment opportunities available in various sectors and contribute to building their country.

During the meeting, Al-Sudani stressed that Iraq is witnessing a new reality today with regard to the private sector, explaining a series of practical steps taken by the government and the facilities it granted to the private sector. He also pointed out what has been accomplished at the level of financial and banking reform, which has increased the percentage of contracts that comply with the standards. The global rate reached 80% according to reports of international institutions.

He touched on the government’s important projects in the field of the pharmaceutical industry and the housing sector, pointing to the start of establishing new residential cities, which include the construction of tens of thousands of housing units, the job opportunities they provide for young people, and the revitalization of the construction sector and dozens of related professions.

The Prime Minister urged Iraqi businessmen to seize the available investment opportunities and bring production lines to laboratories and factories in various specializations, noting that Iraq’s budget for the three years included, for the first time, providing sovereign guarantees to the private sector, in addition to establishing the Iraq Fund for Development, which will work with this. The sector is implementing vital and important projects, which contribute to moving the wheel of the economy and implementing the government’s vision for sustainable development and a strong and prosperous Iraq.

Alforatnews.iq

The stage is witnessing an important turning point in Iraq’s relationship with the United States

Prime Minister Muhammad Shiaa Al-Sudani confirmed that his current visit to the United States comes to establish the paths of bilateral relations between Iraq and the United States, in a sensitive and delicate circumstance, in addition to the dangerous escalation the region is witnessing that threatens the expansion of the circle of conflict and war.

A statement from his office, a copy of which was received by Al-Furat News, said that Al-Sudani “held a meeting in the American capital, Washington, with a number of representatives and correspondents of American and Western media and news networks.”

Al-Sudani stated that the stage is witnessing an important turning point in Iraq’s relationship with the United States, which has focused, for years, on security and military cooperation, stressing that this visit witnessed the laying of the correct foundations for the transition to comprehensive relations in all sectors and economic, political and cultural aspects, in addition to the security aspects within the framework of cooperation. the couple.

He pointed out that Iraq confirmed its commitment to the outcomes of the Supreme Military Committee concerned with ending the international coalition’s mission in Iraq after 10 years. Iraq today is different from what it was in 2014, and that ISIS gangs no longer represent a threat to Iraq, and it is natural to work to reconsider the coalition and its continuation.

The Prime Minister explained that the second track in joint work with the United States was represented by the first meeting of the Supreme Coordinating Committee of the Strategic Framework Agreement, which dealt with the files of energy, investment, transportation, education, and the challenges of climate change, indicating that the government raised the slogan of Iraq first, and that the sustainable interest requires building solid partnerships. Its existence is not limited to governments or administrations, but rather extends to the mutual interests of the two friendly peoples.

Al-Sudani answered the questions posed by representatives of the American and Western media at the meeting, which concern a number of files, most notably the files of the relationship with the United States and the prospects for cooperation with it, the government’s vision for the future and nature of this relationship, and Iraq’s relations with its neighbors, in addition to files related to developments in events in the region. .

Alforatnews.iq

Iraq signs 18 memorandums of understanding with Washington

Today, Thursday, the Iraqi government signed 18 memorandums of understanding in Washington with American companies to develop the electricity, oil and gas sector and other sectors.

The following are the memorandums of understanding signed with the American side:

1. A memorandum of understanding between the Ministry of Electricity and General Electric Company (GE) in the field of developing the energy sector.

2. A memorandum of understanding between the Ministry of Oil and Hanwell Company, to conclude a partnership in the field of developing strategic plans for oil fields and associated gas.

3. A memorandum of understanding between the Ministry of Oil and General Electric in the field of developing oil fields and associated gas.

4. A memorandum of understanding between the Iraq Fund for Development and the American company MACK for engines and equipment, in the field of manufacturing specialized vehicles.

Second: Memorandums of understanding signed by the Iraqi private sector with American companies:

1. Memorandum of understanding with Baxter International Company for cooperation in the field of dialysis supplies.

2. Memorandum of understanding with the American company KBR to develop oil fields.

3. Memorandum of understanding with KBR in the field of processing primary gas and converting it into liquid and associated gas.

4. A memorandum of understanding between the National Bank of Iraq (NBI) and the American International Financial Development Corporation.

5. Agreement with Trans Atlantic Petroleum Company in the field of developing and managing oil fields.

6. A memorandum of understanding with the American company Hanwell in the field of developing associated gas fields and stopping its burning.

7. A memorandum of understanding with the American company Hanwell for development, automation, and remote control and control services.

8. A memorandum of understanding with the American company Baker Hughes in the field of using smart solutions. To stop burning gas and develop and maintain oil fields.

9. Memorandum of understanding with Emerson Company in the field of technology and automation in oil fields.

10. Memorandum of understanding with GE in the field of supporting the oil industry.

11. Memorandum of understanding with Ark Energy Company in the field of manufacturing associated gas.

12. Memorandum of understanding with Emerson Company in the field of energy development and equipment provision.

13. Memorandum of understanding with GE in the field of providing equipment for treating associated gas in generating electrical power.

14. An agreement with Hanwell Company in the field of developing and maintaining oil fields and stopping gas burning.

Burathanews.com

Iraqi Dinar / US Dollar auction results for today 4-17-2024

Results of the foreign currency selling window for Wednesday 4/17/2024

Advertisement No. (5106)

The amount:

Total amounts of transfers abroad (transfers, credits)
247,254,070

Total cash withdrawals
14,120,000

Total total sales
261,374,070

Note that: The selling price of documentary credits and international settlements for electronic cards is ( 1310 ) dinars per dollar.

The selling price for transfer amounts abroad is ( 1310 ) dinars per dollar.
The cash selling price is ( 1305 ) dinars per dollar.

cbi.iq/currency_auction

Saleh: The budget tables are almost complete and will take into account urgent circumstances and variables

The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Saleh, confirmed that the financial budget schedules for 2024 were “almost” complete.

In a press statement, Saleh considered “the presentation of the financial schedules for the fiscal year 2024 by the executive authority for parliamentary approval” as a “flexible legislative path, as an integral part of the financial constants and principles of the Federal General Budget Law No. 13 of 2023 (Tripartite).”

He stated, “ These tables include revenues, public expenditures, and the estimated hypothetical deficit, and they are within the law that was originally legislated by the House of Representatives and published in the Official Gazette last year. The proposed financial tables that are being prepared by the executive authority today, and which have become almost complete, are based on financial legislation. implemented and approved under the aforementioned Tripartite Budget Law.”

He added, “The financial schedules prepared for the year 2024 will take into account the urgent economic and social conditions and changes required by the need for economic development in the year 2024, especially new investment projects, and financial commitments and pledges during the current year, in order to Implementing it as an annual financial plan within the framework of the principles of the tripartite general budget itself, in letter and spirit.”

Alforatnews.iq

Private banks in Iraq are considering reorganizing themselves with the government structure

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed that private banks in Iraq are considering reorganizing themselves in line with the government’s plans to reform the banking and economic sector.

Saleh told {Al-Furat News} agency, “One of the international companies that is currently evaluating the government banking system has been approved and will present a new vision for restructuring government banks and in accordance with modern banking principles in terms of competition, tools and activities that serve economic development in our country with high efficiency.”

He added, “There is a coordinated program that private banks are currently considering to reorganize themselves in a way that makes them a financial and economic force that contributes to advancing the national economy.”

Saleh stated, “The government supports the restructuring of private banks (traditional and Islamic), protecting and defending them as national capital.”

He noted that “banks’ wealth should be directed to economic development and in accordance with sound and positive policies that serve general economic activity and flow into the course of the state’s reform vision, and at the same time embody the spirit of partnership between the state and the private sector as a solid approach to shaping and building stability and progress of economic life in Iraq.”

Alforatnews.iq

Member of the Sudanese delegation: We will witness a rapid decline of the dollar in the coming days

A member of the delegation accompanying the Prime Minister, Aed Al-Hilali, suggested that things would go towards complete control of the dollar exchange rate and a clear and rapid decline in the coming days.

Al-Hilali said: For the program {Free Speech} broadcast by Al-Furat satellite channel this Tuesday evening, it was stated that: “The visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington carries within it a lot of good news for the Iraqi people, as it was able to achieve many gains.

– The agreements that were signed with major international American companies.” It is concerned with the Iraqi people, one of which is energy and in various fields.

– There are American companies that have signed agreements to manufacture sprinklers and cars that fall within the needs of the Iraqi state, in addition to handing over a number of Iraqi antiquities today to the Iraqi side.

– Iraq has made great strides through the Sudanese government in the field of financial reform, and we need a measure that could organize governmental and private financial institutions in a way that makes them stable in dealing with their counterparts in the world

– What the government has done in terms of opening corruption files and operations to control the dollar are all taken into consideration by the United States of America, which will stand and help Iraq in the next stage, and I believe that. Things are moving towards complete control of the dollar exchange rate, and we may witness a clear and rapid decline in the coming days.

The US Treasury praised the Iraqi government’s steps in developing the banking sector. But no decision has been issued yet regarding lifting sanctions on private Iraqi banks.

Alforatnews.iq

Al-Fateh: Al-Sudani’s discussions with Biden are ambiguous and unknown

Information / Baghdad… Ali Al-Fatlawi, a member of the Al-Fatah Alliance, commented today, Wednesday, on Prime Minister Muhammad Shia’a Al-Sudani’s discussions with the American side regarding ending the international coalition’s mission in Iraq.

Al-Fatlawi told Al-Maalouma, “Al-Sudani is required to disclose the understandings he reached with US President Joe Biden and Secretary of Defense Lloyd Austin at the Pentagon.”

He added, “Al-Sudani has reached proposals for a timetable for ending the international coalition’s combat mission in Iraq.” Pointing out that “it is not yet clear.”

Al-Fatlawi pointed out that “the Iraqi people want to know the merits of Prime Minister Muhammad Shia’ al-Sudani’s visit to Washington and the new agreements he reached in the security and economic aspects.

The Iraqi Prime Minister, Muhammad Shia’a al-Sudani, discussed with him .” US Secretary of Defense Lloyd Austin presented at the Pentagon proposals for a timetable to end the mission of the international coalition against ISIS, stressing that the Iraqi security services today are at a high level of readiness to carry out their tasks.

Almaalomah.me

The Iraqi Central Bank warns of fake pages luring citizens with dollar purchases

Shafaq News / The Central Bank of Iraq warned, on Wednesday, of fake pages on social media sites with the names of companies licensed by the bank luring citizens with fake dollar purchases.

The bank confirmed in a statement received by Shafaq News Agency, that “the fake pages on social networking sites carry the names of licensed exchange companies that promote through social networking sites the sale of dollars at the official rate, where the citizen enters the link for the fake companies for the purpose of booking an appointment for travelers to receive the dollar, indicating that the pages The fake one gives the victim instructions and directions to deposit the dinar.”

The statement quoted the Directorate of Supervision of Non-Banking Financial Institutions as saying, “Obtaining this type of service is done through electronic reservation on the company’s official website (if available) and that the deposit process takes place exclusively at the company’s headquarters.”

The Directorate alerted the public wishing to buy the dollar at the official price of the necessity of verifying and verifying the work of these licensed companies through the official Iraqi central website, stressing that it has taken legal measures against the owners of the fake pages for these companies.

Shafaq.com

Parliamentary Finance calls for “confining the dinar in the hands of the state”

Shafaq News / The Parliamentary Finance Committee pointed out, on Wednesday, the problem of the lack of cash “Iraqi dinar,” calling for “confining the dinar to the state.”

Committee member Hussein Moanis told Shafaq News Agency, “The House of Representatives voted on the tripartite budget law and required the government to send the schedules for approval,” indicating that “the delay in sending the schedules to Parliament did not affect the operational budget.”

He pointed out that “there is no specific date for approving the budget schedules in the Council of Ministers and sending them to the House of Representatives,” indicating “a real problem with the lack of cash (the Iraqi dinar).”

He pointed out that “the Parliamentary Finance Committee is working to develop specific methods to process and provide cash and confine it to the state through adopting the electronic card, strengthening the work of banks, and presenting documents to achieve cash abundance in the market.”

Mu’nis concluded by saying, “There is no trust between the banking system and the citizen, and the lack of trust has caused the cash currency (the Iraqi dinar) to be stored in the homes of citizens, which has caused it to be lost and not naturally available in the market.”

A member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, said on March 27, 2024, that the Iraqi government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget.

While a member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, said in an interview with Shafaq News Agency on February 27, 2024, that Finance Minister Taif Sami informed the members of the committee during her hosting, yesterday, Monday, of the imminent sending of the budget law schedules to the House of Representatives.

Shafaq.com