The President of the World Economic Forum, Klaus Schwab, on Thursday, is one of the important countries in the Middle East and the world.
A statement from the Presidency of the Iraqi Republic received by (Mawazen News) said that “President Abdul Latif Rashid met on Thursday, the President of the World Economic Forum, Klaus Schwab, during his participation in the forum’s work in Davos.” The statement explained that “during the meeting, economic issues in the international arena and ways to stimulate the global market movement and improve the economic situation of most countries were discussed.”
The President of the Republic stressed the importance of the World Economic Forum and its role in bringing together world leaders and heads of major economic organizations and companies to achieve economic integration and conclude agreements that contribute to strengthening the economies of peoples. Rashid pointed out that “Iraq enjoys security and stability and is moving forward towards strengthening economic conditions in various fields, especially infrastructure, the energy sector,
the environment and services and improving the living conditions of citizens,” pointing out that “the Iraqi state is working to strengthen the role of investment and the private sector through legislative and executive facilities.” He added that “Iraq is considered a fertile environment for investment and economic and commercial cooperation.” For his part, Klaus Schwab praised “Iraq’s distinguished participation in the work of the World Economic Forum,” stressing that “Iraq is considered one of the important countries in the Middle East and the world, and the indicators support it in achieving development in various economic and social aspects.”
Article: "Great Progress has been made by Iraq in the filing of the joining of the World Trade Organization after resuming negotiations that were suspended for more than 16 years stressing this step represents a part of Iraq's vision to enhance Iraq's role in the global trading system."
They didn't do it at 1310. Are they ever going to do that?
I don't think so...
Why didn't they do it years ago?
If nothing is going to change and they're going to keep it the same how are they going to pay for that?
I think it's far cheaper for Iraq to bring on a real effective exchange rate to meet compliance with Article VIII of the IMF Article IV too...I think it's pretty exciting...
Deputy Prime Minister and Minister of Oil Hayan Abdul Ghani confirmed on Thursday the intention to sign a contract with the British Petroleum Company (BP) to invest in four northern fields to increase production and benefit from associated gas, while specifying the extent of the contract’s impact on production plans.
Abdul Ghani said in a statement reported by the official news agency, and seen by “Al-Eqtisad News”, that “an initial agreement was reached in the British capital, London, between the North Oil Company and British Petroleum to sign a contract to develop the four fields belonging to the company,” noting that “these fields now produce more than 300 thousand barrels per day.”
He added, “The agreement with British Petroleum stipulates increasing production to more than 500,000 barrels per day and benefiting from the associated gas, investing in it and converting it into dry gas for use in operating power plants.”
He explained that “the signing will take place at the beginning of the first week of February.”
Abdul Ghani explained that “Iraq needs quantities of gas to equip the stations, and the Ministry of Oil is serious about that through many projects that it signed with specialized companies such as the French company Total to invest 600 million cubic feet of gas from 5 oil fields, in addition to the Akkas field and the Mansouriya field, and the fifth licensing round, in addition to what the Basra Gas Company is doing, which is a joint venture between the South Gas Company and Shell and Mitsubishi companies to develop and invest gas from three main fields: Rumaila, Zubair, and West Qurna 1.”
The spokesman for the Iraqi government, Bassem Al-Awadi, denied what was stated in the statement of the spokesman for the Kurdistan Regional Government by obstructing the representative of the federal government in the House of Representatives amending the article on the procedures for resuming oil exports from the region.
The useful summary.. In the important news, you will find it on the Al-Furat News channel on Telegram. To subscribe, click here
Al-Awadi said, in a statement that {Al-Furat News} received a copy of it, that: “Based on the government’s keenness on transparency and the disclosure of citizens on the course of its executive work, especially with regard to the issue of the budget, which is a fundamental pillar for the implementation of the commitments contained in the government program,” stressing “the government’s commitment to the amendments sent to the House of Representatives regarding the budget law, which takes into account the supreme national interest.”
He stressed that “the representative of the government in the House of Representatives stressed the need to make no other amendments to the budget law that violate the texts submitted by the Council of Ministers,” denying “what was stated in the statement of the spokesman for the Kurdistan Regional Government of Iraq,” saying, “We are surprised by the claim that the representative of the federal government in the House of Representatives obstructed the amendment of the article on the procedures for resuming oil exports from the region.”
Al-Awadi stressed “The importance of the Kurdistan Regional Government of Iraq’s commitment to the provisions of the articles of the Federal Budget Law, including the delivery of financial revenues, both oil and non-oil, to the federal government, in accordance with what is stipulated in the law and the decision of the Federal Court.”
The government spokesman concluded by saying that “commitment to these measures is a necessary step to solve the problems related to this file and strengthen cooperation between the two sides, and the federal government hopes from the esteemed House of Representatives to speed up the approval of the amendment according to the text approved by the Council of Ministers, in the interest of Iraq, all of Iraq.”
The spokesman for the Kurdistan Regional Government announced on Thursday in a statement his government’s rejection of the proposal to amend the article on the resumption of the region’s oil in the federal budget submitted by the representative of the federal government in the House of Representatives.
He also accused the Iraqi House of Representatives of not approving the draft law in the form agreed at the last moments, due to the submission of the representative of the federal government in the House of Representatives a different proposal to the Council alone, without prior consultation with the Kurdistan Regional Government, and without presenting it to the Federal Council of Ministers for a vote on it, which is contrary to the decision of the previous Council of Ministers regarding the approval of the draft amendment to the law for the purpose of resuming the export of oil from the Kurdistan Region. I’ll say it
He also announced the full rejection of the Government of these procedures and proposals, while stressing the need to present the agreed draft law, approve it by the Federal Council of Ministers and vote on it.
