Parliamentary Committee: Budget Amendments Limited To Article On Cost Of Extracting Region’s Oil

 Parliamentary Committee: Budget Amendments Limited To Article On Cost Of Extracting Region’s Oil

House of Representatives Building

Money and business  Economy News – Baghdad The Parliamentary Legal Finance Committee confirmed, on Sunday, that there is no fundamental change in the budget law, while indicating that the amendments were limited to Article 12 regarding the cost of extracting oil in the Kurdistan Region.

Member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said in a statement reported by the official news agency, and seen by “Al-Iqtisad News”, that “the amendments sent by the Prime Minister’s Office and the Council of Ministers were limited to Article (12) related to the cost of extracting oil in the Kurdistan Region.”

He explained that "the amended article is supposed to come into effect soon, which will allow the start of exporting oil from the region's wells through SOMO," indicating that "according to the recent amendments, there is no fundamental change in the budget law, and no new appointments have been included, but it is possible for the government to move within the budget schedules to reactivate some of the previous specializations and texts."  https://economy-news.net/content.php?id=52636

TIDBIT FROM MNT GOAT, 10 JAN

 Mnt Goat  

Article:  “NATO INVITES IRAQ TO PARTICIPATE IN BRUSSELS GATHERING, PRAISES GOVERNMENT EFFORTS”.

   NATO Secretary General Mark Rutte extended an official invitation to Prime Minister Mohammed Shia al-Sudani to participate in the NATO gathering that will be held soon in Brussels, and to deliver a speech on behalf of Iraq during the meeting. 

 What will Al-Sudani say?

MARKZ: "Yes, we are trained and ready to go!" @DINARREVALUATION #iraqidi...

Al-Sudani: The door is open for Kuwait to enter into development road projects, 9 FEB

 Al-Sudani: The door is open for Kuwait to enter into development road projects

Economy News _ Baghdad

Prime Minister Mohammed Shia Al-Sudani, on Sunday, called on the State of Kuwait to invest in the projects of the vital development road in Iraq.

This came during his meeting today in Baghdad, Kuwait’s Ambassador to Iraq, Hassan Mohammed Al-Zaman.

Al-Sudani, according to a statement issued by his media office, referred to the depth of relations between the two countries, and the importance of consolidating and expanding them at various levels and levels.

During the meeting, the Prime Minister stressed the aspiration to strengthen the ties of constructive bilateral cooperation in several fields, pointing to the opportunities available and the provision of the appropriate investment environment for the work of Arab and foreign companies, including Kuwaiti companies.

The statement quoted Al-Sudani as saying that the door is open for the State of Kuwait to enter into development road projects and benefit from announced investment opportunities, which contributes to enhancing economic integration and interdependence of interests between the two countries.

https://economy-news.net/content.php?id=52633

FIREFLY: TIR is the new cross border payments system , can't be at 1310 because it's going it's going international!!, 9 FEB

  Frank26  

 [Iraq boots-on-the-ground report] 

 FIREFLY: TIR is the new cross border payments system.  Sammy says we are launching this new system by using this transfer for International and then he says...

this can't be at 1310 because it's going it's going international, saying it will be historic first international cross-border payments using this.  We are really close.  There's no way we can make the payment at 1310.  

FRANK:  Yes it's a joke when you think about it all being done at 1310.  I agree.  We are as close as your breath is to your lungs.

Fnu Lnu: This training will give Iraqi banks the necessary tools ! @DIN...

PM chairs the meeting of the Higher Committee for Reconstruction and Investment, 9 FEB

PM chairs the meeting of the Higher Committee for Reconstruction and Investment

Baghdad-INA

Prime Minister Mohammed Shia al-Sudani chaired the periodic meeting of the Higher Committee for Reconstruction and Investment today, Sunday.
 
The Prime Minister's media office said in a statement received by the Iraqi News Agency (INA): that "Prime Minister Mohammed Shia al-Sudani chaired the periodic meeting of the Higher Committee for Reconstruction and Investment, in which the investment files under work and implementation were discussed, and the progress in completing investment opportunities in the capital, Baghdad, and all of Iraq was followed up."
 
  "The meeting witnessed the adoption of a number of decisions related to investment projects in the sectors of industry, housing, and service projects. Approval was also given to refer housing projects for members of the Ministry of Defense in Basra and Nineveh."
 
According to the statement "The meeting approved an additional model for public benefit from investment, especially with regard to the state's share in housing units for new residential complexes and cities projects, where the investor's method of implementing service projects in the field of infrastructure was approved, with a value equal to the state's previously approved share, and the beginnings of implementing this model will be through implementing projects to rehabilitate and expand streets in Sadr City, east of Baghdad."
  "The committee discussed in its meeting the issue of the new headquarters of the Union of Arab Historians in Baghdad, and Prime Minister directed to resolve the issue by preparing a suitable headquarters in terms of area, location and design."