Wednesday, January 1, 2025
International Report: 2025 will be the largest year for projects inside Iraq
International Report: 2025 will be the largest year for projects inside Iraq
The International Data Bank, one of the international organizations concerned with monitoring the internal affairs of the countries of the world, issued its annual report for the year 2024, accompanied by estimates for the coming year 2025, confirming that the current year witnessed the issuance of the largest number of investment and service contracts inside Iraq.
The bank said, according to its report, which was translated by "Baghdad Today", that "Iraq spent $83 billion during the year 2024 on infrastructure and reconstruction projects, and awarded contracts to implement other projects during the year 2025 worth $126 billion," expecting that "this will lead to a doubling of the growth rate of the national GDP to about 4.1% during the next year."
The bank also explained that the largest projects were the share of the country's main roads for the Ministry of Transport, which are expected to be fully completed in 2029, noting also that oil investment projects and the construction of residential complexes in Baghdad, specifically (the integrated Nasiriyah oil project and the city of Al-Rufail in Baghdad) came in second and third place as the largest government projects for the year 2024.
The information issued by the World Bank also confirmed that the contracts awarded for the coming year were distributed as follows (39.9% allocated to construction, 39.9% allocated to energy and industry, 24.3% allocated to electricity and water service projects, while 22.6% was allocated to road and transportation projects). link
MAJEED: Banks in Iraq are not doing any withdrawal or deposit even on January 2 , 1 JAN
MAJEED
Banks in Iraq are not doing any withdrawal or deposit even on January 2
1- Because they don’t want them to crowd the bank branches after they exchange the old notes
2-They will make them come in another day to deposit
3- And the amount they have inside their bank accounts cannot be withdrawn, but it will change to the new rate digitally
Look at the last picture where I highlighted it say the government has to make an announcement and the banks should promote the small denomination for people coming to the bank, exchanging the old notes with the new one
So January 1 in Iraq the government will make the announcement or January 2
But January 2 sounds impossible because people would be already in the bank like any normal day early in the morning so the government doesn’t have time to make an announcement
So the government will make the announcement January 1 which worked perfectly
What is holding up the passage of the oil and gas law so far?, 1 JAN
What is holding up the passage of the oil and gas law so far?
Member of the Parliamentary Oil and fuel Committee, Alaa Al-Haidari, confirmed these days, Tuesday, that there’s issue in approving the oil and gasoline regulation because of the absence of a political settlement and the Kurdistan local authorities’s failure to abide by way of the agreements concluded with the middle.
Al-Haidari said in a assertion to dinaropinions.com, “Many conferences have been held within the presence of Oil Ministry officials and government advisors, with the intention of attaining a consensus components for the regulation, however the ones efforts have no longer borne fruit up to now. ”
He mentioned that “the oil and fuel law is one of the laws which have been stalled inside the house of Representatives, because it has been caught within the drawers for extra than five parliamentary periods, no matter being blanketed within the authorities software,” explaining that “voting at the law will make contributions to finishing the differences among the region and the center, and provide honest course for countrywide wealth inside the framework of the charter.”
He defined that “the approval of the regulation will ensure the law of oil exports and oil and non-oil revenues in a honest way, so that it will spare the united states of america similarly problems and barriers among the area and the federal government.”
Kurdish parties keep to obstruct the approval of the oil and fuel regulation, that’s necessary to lessen violations and thefts in the Kurdistan regional government, in particular inside the oil smuggling file.
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