Tuesday, January 2, 2024
The Ministry Of Transport Announces A Plan To Build 13 Ships In 2024, 2 JAN
The Ministry Of Transport Announces A Plan To Build 13 Ships In 2024
Baghdad... On Sunday, the Ministry of Transport revealed a maritime plan for next year, as part of the “Year of Creativity” campaign launched by the Minister of Transport, Razzaq Muhaibes Al-Saadawi, at the beginning of December, which includes the quest to build 13 ships.
A statement by the Ministry’s media office, received by “Al-Ma’louma”, stated, “The General Maritime Transport Company intends to strengthen and develop the work of the marine ship fleet, by building new ships,” noting that “the plan includes building a number of ships with large tonnages that meet the country’s need to transport The ration card items and goods that we need to support other sectors in all ministries and companies operating in the country, which contributes to supporting the Iraqi economy.”
The Director General of Maritime Transport, Ahmed Jassim Al-Asadi, said, according to the statement, “The company has begun work to obtain the necessary approvals to build eight ships, six of which will be within the investment budget, two within the operational budget, and five other ships that have been contacted regarding their construction through the Japanese loan granted to Iraq.”
Al-Asadi added, “These projects were included within the Year of Innovation plan, which is directly supervised by the Minister of Transport, Razzaq Muhaibis Al-Saadawi,” stressing that “the company’s priorities in the coming year revolve around diversifying and enhancing sources of revenue, raising the efficiency of employees, completing land distribution sections, deducting profits, and increasing incentives.” .
The company's general manager praised the role of the Minister of Transport, Razzaq Muhaibas Al-Saadawi, in facilitating the company's procedures in terms of contracts and approvals, praising his continued support for expanding its commercial fleet in proportion to the size of the great progress achieved in recent years in the Iraqi maritime sector, through opening shipping lines with a number of Arab, Asian and European countries, the most important of which is the direct shipping line with China, as it contributed to increasing the number of commercial ships arriving at our national ports.”
The statement added, "The company currently owns 6 commercial ships, three of which are estimated to have a tonnage of (14) thousand tons, namely the Basra, Al-Muthanna and Al-Hadba, which operate in international waters outside Iraqi territorial waters.
They have roamed the seas and oceans to transport many diverse cargoes, in addition to two small ships: A service operating in our territorial waters to supply ships arriving at Iraqi ports with fresh water and fuel, and the Baghdad ship, with a capacity of 10,000 tons, operates between the Emirates and Iraq to transport various containers. LINK
New Year Coffee with MarkZ. 01/01/2024
Is The Government Moving To “Adjust” The Budget To Reduce The Deficit?, 2 JAN
Is The Government Moving To “Adjust” The Budget To Reduce The Deficit?
Politics |Today, Baghdad today – Baghdad Economic affairs researcher Haider Al-Sheikh revealed today, Monday (January 1, 2024), a government intention to amend the budget for the three years in an attempt to control the deficit.
The Sheikh told "Baghdad Today", "There is a tendency among the government to make an amendment to the draft law on the general budget of the Iraqi state for the three years, which was approved by the House of Representatives last June."
He added, "There will also be some amendments made to some articles of the budget law, including making financial transfers and reducing unnecessary expenditures."
He pointed out that "all of this will contribute to reducing the expected fiscal deficit in 2024 to 40 trillion dinars," pointing out that "the Ministry of Finance will work to amend the draft and send it to the Council of Ministers, and after its approval in the Council, it will be sent to the House of Representatives as a legal text to amend the budget law."
The current budget is the largest in the country’s history, amounting to approximately 153 billion dollars per year, with a large financial deficit estimated at about 48 billion annually, which is the highest and more than double the deficit recorded in the last budget for the year 2021, when it reached 19.7 billion. LINK
"RV UPDATE" BY PIMPY, 2 JAN
Pimpy
Article: "The central Bank determines the entities covered by obtaining their remittances in dollars starting Tuesday" As we all know...Iraq decided to de-dollarize. They're no longer going to use the dollar. Quote: "Central Bank of Iraq specified the parties covered by obtaining their foreign transfers and cash and dollar currency starting from January 2nd. .." They are definitely going to drastically reduce the use of the US dollar.
Article "Iraq is ranked 4th in the list of the most dynamic countries with foreign investment" quote "Iraq ranked 4th among 10 countries with the growth of foreign investment momentum until 2024 with a growth rate in expanse of more than 370% from 2021 until the end of 2023 according to a report by the Foreign Direct Investment (FDI) website." This is really good for Iraq.Coffee with MarkZ. 11/29/2024
Coffee with MarkZ and Mr. Cottrell 11/29/2024 MarkZ Update- Some highlights by PDK-Not verbatim MarkZ Disclaimer: Please consider everythi...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...