Sunday, March 9, 2025
The Kurdistan Government decides to extinguish bank interest on beneficiaries of agricultural loans, 10 MARCH
The Kurdistan Government decides to extinguish bank interest on beneficiaries of agricultural loans
Shafaq News / The Ministry of Finance and Economy in the Kurdistan Regional Government decided on Sunday to exempt borrowers from the bank interest resulting from agricultural loans remaining in their ow, if they are paid during the current fiscal year 2025.
An official letter of the ministry, seen by Shafaq News Agency, addressed to the General Directorate of Specialized Banks, signed by the Minister of Finance and Economy, Awat Janab Nouri, stated that the Council of Ministers of the region issued an exemption on interest on agricultural loans.
The ministry’s decision was based on a letter of the Kurdistan Regional Council of Ministers No. 15786 dated 12/11/2024, which included three points, explaining that the first point includes approval of the exemption of debts arising from interest on agricultural loans granted to farmers who could not repay them due to the financial crisis.
The book added that the second point confirmed that the exemption included those who repaid the full amount of the loan and its interest remained at their charge, noting that the third point stressed that the borrower repays the loan during the fiscal year 2025 and it is covered by the exemption after paying the last installment of the loan amount.
AJ: 🔥Iraq tells US: Stopping Iranian gas imports will cause electricity system to collapse, 10 MARCH
AJ
Iraq tells US: Stopping Iranian gas imports will cause electricity system to collapse
On Sunday, the head of the Finance Committee in the Iraqi Parliament, Atwan Al-Atwani, sent a letter to the US government stating that stopping the import of gas from Iran will cause the collapse of the electricity grid system during the coming summer in Iraq, indicating the need to extend the exemptions granted to Iraq in this regard after they were officially stopped by the administration of US President Donald Trump.
This came during Al-Atwani's meeting with the US Ambassador to Iraq, Daniel Rubinstein, and the accompanying delegation, according to the MP's media office.
The head of the Parliamentary Finance Committee stressed the importance of this visit at this sensitive time, and stressed the need for continuous communication to correct the course of Iraqi-American relations.
The statement added that the meeting focused on discussing the US sanctions file and their impact on the electricity sector, especially in light of talk about the expiration of the deadline for Iraq to be exempted from importing Iranian gas.
The statement also indicated that Al-Atwani conveyed an important message to the US ambassador to his country's government, stating that stopping gas imports would have disastrous consequences for the Iraqi people, especially in the summer, as it would cause the collapse of the national electricity system, due to the lack of any alternatives at the present time.
Al-Atwani said during the meeting that the Iraqi government is serious about achieving energy independence through several promising projects related to investing in associated gas, for the purpose of using it in generating electricity and achieving self-sufficiency, but these projects will enter service in the coming years.
Al-Atwani also called on the US administration to review the policy of pressure exerted by the US Treasury on the financial and banking sector in Iraq by imposing continuous sanctions on local banks.
He pointed out that Iraq has achieved a qualitative shift in the policy of compliance and financial transfers, and despite that, we are surprised by collective sanctions targeting Iraqi banks without prior warning and without any declared justification or even notifying the Central Bank of Iraq about that, and this has created a major problem for us and affected the work and activity of the banking sector.
In turn, the US Ambassador expressed his understanding of what Al-Atwani had raised during the meeting regarding the energy and banking sanctions files, and promised to convey these messages to his country's government in the hope of finding permanent treatments and solutions that would achieve the interests of the two friendly peoples, noting that the import of natural gas is, until now, outside the sanctions system, according to the statement.
Until further notice.. Parliament postpones its session, 10 MARCH
Until further notice.. Parliament postpones its session
The Media Department of the Council of Representatives announced today, Saturday, the postponement of the parliamentary session until further notice.
The media department of the House of Representatives stated in a statement received by / Al-Maalouma / that “Parliament postponed its session until further notice due to the lack of a legal quorum.”
It is noteworthy that the State of Law and Al-Sadiqoun parliamentary blocs have announced a boycott of the sessions of the House of Representatives until the Popular Mobilization Law is included in its regulations. link
TIDBIT FROM FRANK26, 10 MARCH
Frank26
Be serious about it. You know very well it's coming...You can read the signs.
You can't read Arabic but you can read English. You can read the articles.
You have the cerebral capability to understand that's a good guy, that's a bad guy and the good guy is saying the good things and the bad guy is saying the bad things. So deep in our hearts you should sleep good like I did.
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