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Friday Afternoon Iraq Economic News Highlights 6-30-23

The President Of The Republic: The Government Is Serious About Taking Measures To Encourage Investment

Money  and business   Economy News – Baghdad  President Abdul Latif Rashid said that Iraq enjoys security, peace and stability, and this provides opportunities for investors to invest in the country.

Rashid added, in an interview with the BBC, that “the government is serious about taking concrete measures that will encourage foreign and domestic investment, as there are promising opportunities for investors in Iraq, especially with the security, safety and stability that Iraqi cities are witnessing.”

The President of the Republic referred to “the need to amend money transfer laws and regulations, financial policy, and improve some rules and regulations related to investors and the banking sector.”

70 views  Added 06/29/2023 https://economy-news.net/content.php?id=34946

He Described It As A Safe Investment Environment… Al-Khattabi: An International Investment Conference Will Be Held Soon In The Holy City Of Karbala (video)

FRI, 06-30-2023, TAYSEER AL-ASADI  The Holy Governor of Karbala, Eng. Nassif Jassim Al-Khattabi, revealed that an international investment conference will soon be held in Karbala Governorate, after he described it as a safe environment for internal and external investment, and stressed that the time has come to attract international companies to invest in the Holy Governorate of Karbala.

And Al-Khattabi said in a statement to the Noon News Agency that “Karbala governorate today is a safe environment and the time has come to attract international investment companies to implement large projects in the holy Karbala in all specializations,

and we are strongly determined to activate investment with the support of Prime Minister Muhammad Shia’a Al-Sudani and the basic government program, which is Karbala governorate is part of it and is concerned with supporting investment and creating a safe environment for it, although some officials are against investment because they do not have the correct vision, which can be addressed in the future during work, and their ideas will change when seeing success in work,

but the Karbala street remains supportive of investment, the prime minister and the program The government is supportive of us, and the Karbala administration insists that real investment, whether internal, contribute mainly to creating job opportunities and building the city, and an international investment conference will be held in the holy governorate of Karbala soon.” https://non14.net/public/158142

Iraq And Saudi Arabia Are Discussing The “Housing Crisis” And The Establishment Of Major Cities

The head of the National Investment Commission, Haider Muhammad Makiya, discussed with the Saudi Minister of Investment, Khaled Al-Falih, the solution to the housing crisis and the establishment of major cities in all governorates.

The office of the Chairman of the Investment Authority stated in a statement, that: “In implementation of the directives of the Prime Minister, Muhammad Shia’a Al-Sudani, and in completion of the procedures of the National Investment Commission in the course of financing the Basmaya residential project, the Chairman of the Commission discussed mechanisms for joint cooperation with the Saudi Minister of Investment Khaled Al-Falih to finance the Basmaya project.”

Makiya stressed during the meeting, “the necessity of bridging investment relations with the Kingdom of Saudi Arabia, especially with the Ministry of Investment and the Saudi Investment Fund, as it is one of the major funds in the world, to determine financing paths for major strategic projects of a service nature to citizens,” indicating “the importance of completing housing units and their infrastructure within the Bismayah complex and the start Providing the best services to the residents.

He pointed out that “the priorities set by the Iraqi government’s special program are represented by addressing the housing crisis and establishing major cities in all governorates of Iraq,” pointing to “the prime minister’s seriousness in finding solutions that cover the needs of Iraqi citizens for adequate housing through agreement with investment companies and investors to establish housing complexes.” fit them.”

For his part, the Saudi Minister of Investment, Khaled Al-Falih, expressed his readiness to cooperate with the National Investment Commission in completing the success story in the Bismayah complex, which is one of the important investment signs in Baghdad, after the financing is studied to complete the project or other residential complexes or new cities in Iraq. https://www.dijlah.tv/index.php?page=article&id=330843

The Head Of The Ports Authority Visits The Sea Ports Of Basra And Is Briefed On The Flow Of Work There

Friday 30, June 2023 | General Number of readings: 74 Baghdad / NINA / – The head of the Border Crossings Authority, Omar Adnan Al-Waeli, visited the sea ports of Basra to see in the field the flow of work in it.

The authority stated in a statement, “Al-Waeli held an important meeting immediately upon his arrival at the second leg of the visit, in the presence of the directors of the ports, directors of customs centers, and directors of other working departments operating in the ports of Umm Qasr port (north, middle and south), where the requirements of the departments and obstacles facing the progress of work were listened to to ensure the implementation of government decisions, noting that many paragraphs have been emphasized, including the following:

Working in a team spirit, exchanging information, integration, and cooperation to ensure smooth and highly professional business flow, and following up on the file of withdrawing piled containers.

Continuing the electronic audit through the application of the fee exemption program, as well as the electronic audit program for customs and tax receipts, and preventing forgery and distortion of official papers.

Seeing the mechanism of work of the sonars and the process of analyzing the image of the incoming goods to prevent the passage of any manipulation or smuggling of materials not mentioned in the official papers, as the images were at a high level of accuracy and analysis, And the workers on these examinations have a high level of experience and extreme care

He conducted an inspection tour, as a result of which a number of violations were seized, which consisted of seizing wheels without the permitted model for import, hidden behind spare tools intended for smuggling. To receive

https://ninanews-com.translate.goog/Website/News/Details?Key=1062296&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

Al-Rafidain: The Introduction Of Cards That Are Distinguished For Issuing A Certain Amount And According To The Salary

Economy  ,  2023/06/30 17:10  , Number of readings: 141   Baghdad-Iraq today: Al-Rafidain Bank announced, today, Friday, the imminent launch of cards that are distinguished by the launch of a certain amount and according to the salary.

The bank stated, in a statement, that “the credit card will soon be launched.”

He added, “The card carries privileges, including lending for a certain amount and according to the salary.”  LINK

An Economist Reveals The {Radical} Solution To Address Unemployment In Iraq

Time: 06/30/2023 Read: 1,235 {Economic: Al Furat News} Economic expert Rashid Al-Saadi revealed the basic and radical solution to address the unemployment file in Iraq.

Al-Saadi told the Euphrates News agency, “The basic and fundamental solution to addressing the unemployment file with the graduation of large numbers of students is to diversify sources of income and rely mainly on agriculture and industry and the rest of the tourism sectors, especially since Iraq is qualified to use these resources to increase its financial revenues and employ large numbers of workers.”

Graduates to set up productive factories and companies, as well as real support for the private sector.

He pointed out that there are “corruption mafias in the sub-districts that stand against the state’s plans and programs that are presented by the prime ministers, and that this is a big problem.”Raghad Daham  LINK

Chambers Of Commerce: The Rate Of Investment Increased By 70% In Diyala

On Thursday, the chambers of commerce revealed an increase in the rate of investment in Diyala by 70%.  “The investment file in Diyala witnessed repeated setbacks due to security unrest and economic crises in the past years,” said the head of the Chambers of Commerce in Diyala, Muhammad al-Tamimi, in a press interview seen by Takadum, pointing out that “the situation changed in 2023.”

He added, “The investment rate has increased by 70%, especially in the housing sector, which represents 50% of the turnout for investment in general,” noting that “5 main reasons stand behind businessmen’s confidence in the Diyala environment, the most prominent of which is relative stability.”

He pointed out that “Diyala is characterized by a multiplicity of investment opportunities in 7 vital sectors,” noting that “unfortunately, some security incidents are being exaggerated from time to time, although they are repeated in other provinces, but the situation is generally stable.”

It is currently investing tens of billions of dinars in various service projects in Diyala, especially the housing sector.   https://takadum-news.com/archives/171283

Al-Rafidain announces the imminent launch of the credit card

Political  | 09:26 – 06/30/2023  Baghdad – Mawazine News Al  -Rafidain Bank revealed, on Friday, that the credit card (credit card) is about to be launched.

The bank stated, in a statement, which Mawazine News received a copy of, that “the credit card will be launched soon.”  And he added, “The card carries privileges, including lending for a certain amount and according to the salary.” https://www.mawazin.net/Details.aspx?jimare=230343

Al-Halbousi: On The Occasion Of The International Day Of Parliamentary Work: We Celebrate The Importance Of The Role That Parliamentarians Play In Legislating Laws

Friday 30, June 2023 14:46 | politics Number of readings: 178  Baghdad / NINA /- Parliament Speaker Muhammad Al-Halbousi praised the role that parliamentarians play in enacting laws, in addition to carrying out the duty of oversight tasks.

Al-Halbousi said in his tweet on Twitter on the occasion of the International Day of Parliamentary Work: We celebrate the importance of the role that parliamentarians play in legislating laws in addition to carrying out the duty of oversight tasks, and we emphasize the role of Parliaments in consolidating democracy, achieving the aspirations of the people, and promoting peace and stability.

https://ninanews-com.translate.goog/Website/News/Details?Key=1062274&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

The President Of The Republic: The Government Is Serious About Taking Measures To Encourage Investment

Money  and business   Economy News – Baghdad  President Abdul Latif Rashid said that Iraq enjoys security, peace and stability, and this provides opportunities for investors to invest in the country.

Rashid added, in an interview with the BBC, that “the government is serious about taking concrete measures that will encourage foreign and domestic investment, as there are promising opportunities for investors in Iraq, especially with the security, safety and stability that Iraqi cities are witnessing.”

The President of the Republic referred to “the need to amend money transfer laws and regulations, financial policy, and improve some rules and regulations related to investors and the banking sector.”

70 views  Added 06/29/2023 https://economy-news.net/content.php?id=34946

He Described It As A Safe Investment Environment… Al-Khattabi: An International Investment Conference Will Be Held Soon In The Holy City Of Karbala (video)

FRI, 06-30-2023, TAYSEER AL-ASADI  The Holy Governor of Karbala, Eng. Nassif Jassim Al-Khattabi, revealed that an international investment conference will soon be held in Karbala Governorate, after he described it as a safe environment for internal and external investment, and stressed that the time has come to attract international companies to invest in the Holy Governorate of Karbala.

And Al-Khattabi said in a statement to the Noon News Agency that “Karbala governorate today is a safe environment and the time has come to attract international investment companies to implement large projects in the holy Karbala in all specializations,

and we are strongly determined to activate investment with the support of Prime Minister Muhammad Shia’a Al-Sudani and the basic government program, which is Karbala governorate is part of it and is concerned with supporting investment and creating a safe environment for it, although some officials are against investment because they do not have the correct vision, which can be addressed in the future during work, and their ideas will change when seeing success in work,

but the Karbala street remains supportive of investment, the prime minister and the program The government is supportive of us, and the Karbala administration insists that real investment, whether internal, contribute mainly to creating job opportunities and building the city, and an international investment conference will be held in the holy governorate of Karbala soon.” https://non14.net/public/158142

Iraq And Saudi Arabia Are Discussing The “Housing Crisis” And The Establishment Of Major Cities

The head of the National Investment Commission, Haider Muhammad Makiya, discussed with the Saudi Minister of Investment, Khaled Al-Falih, the solution to the housing crisis and the establishment of major cities in all governorates.

The office of the Chairman of the Investment Authority stated in a statement, that: “In implementation of the directives of the Prime Minister, Muhammad Shia’a Al-Sudani, and in completion of the procedures of the National Investment Commission in the course of financing the Basmaya residential project, the Chairman of the Commission discussed mechanisms for joint cooperation with the Saudi Minister of Investment Khaled Al-Falih to finance the Basmaya project.”

Makiya stressed during the meeting, “the necessity of bridging investment relations with the Kingdom of Saudi Arabia, especially with the Ministry of Investment and the Saudi Investment Fund, as it is one of the major funds in the world, to determine financing paths for major strategic projects of a service nature to citizens,” indicating “the importance of completing housing units and their infrastructure within the Bismayah complex and the start Providing the best services to the residents.

He pointed out that “the priorities set by the Iraqi government’s special program are represented by addressing the housing crisis and establishing major cities in all governorates of Iraq,” pointing to “the prime minister’s seriousness in finding solutions that cover the needs of Iraqi citizens for adequate housing through agreement with investment companies and investors to establish housing complexes.” fit them.”

For his part, the Saudi Minister of Investment, Khaled Al-Falih, expressed his readiness to cooperate with the National Investment Commission in completing the success story in the Bismayah complex, which is one of the important investment signs in Baghdad, after the financing is studied to complete the project or other residential complexes or new cities in Iraq.

https://www.dijlah.tv/index.php?page=article&id=330843

The Head Of The Ports Authority Visits The Sea Ports Of Basra And Is Briefed On The Flow Of Work There

Friday 30, June 2023 | General Number of readings: 74 Baghdad / NINA / – The head of the Border Crossings Authority, Omar Adnan Al-Waeli, visited the sea ports of Basra to see in the field the flow of work in it.

The authority stated in a statement, “Al-Waeli held an important meeting immediately upon his arrival at the second leg of the visit, in the presence of the directors of the ports, directors of customs centers, and directors of other working departments operating in the ports of Umm Qasr port (north, middle and south), where the requirements of the departments and obstacles facing the progress of work were listened to to ensure the implementation of government decisions, noting that many paragraphs have been emphasized, including the following:

Working in a team spirit, exchanging information, integration, and cooperation to ensure smooth and highly professional business flow, and following up on the file of withdrawing piled containers.

Continuing the electronic audit through the application of the fee exemption program, as well as the electronic audit program for customs and tax receipts, and preventing forgery and distortion of official papers.

Seeing the mechanism of work of the sonars and the process of analyzing the image of the incoming goods to prevent the passage of any manipulation or smuggling of materials not mentioned in the official papers, as the images were at a high level of accuracy and analysis, And the workers on these examinations have a high level of experience and extreme care

He conducted an inspection tour, as a result of which a number of violations were seized, which consisted of seizing wheels without the permitted model for import, hidden behind spare tools intended for smuggling. To receive

https://ninanews-com.translate.goog/Website/News/Details?Key=1062296&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

Al-Rafidain: The Introduction Of Cards That Are Distinguished For Issuing A Certain Amount And According To The Salary

Economy  ,  2023/06/30 17:10  , Number of readings: 141   Baghdad-Iraq today: Al-Rafidain Bank announced, today, Friday, the imminent launch of cards that are distinguished by the launch of a certain amount and according to the salary.

The bank stated, in a statement, that “the credit card will soon be launched.”

He added, “The card carries privileges, including lending for a certain amount and according to the salary.”  LINK

An Economist Reveals The {Radical} Solution To Address Unemployment In Iraq

Time: 06/30/2023 Read: 1,235 {Economic: Al Furat News} Economic expert Rashid Al-Saadi revealed the basic and radical solution to address the unemployment file in Iraq.

Al-Saadi told the Euphrates News agency, “The basic and fundamental solution to addressing the unemployment file with the graduation of large numbers of students is to diversify sources of income and rely mainly on agriculture and industry and the rest of the tourism sectors, especially since Iraq is qualified to use these resources to increase its financial revenues and employ large numbers of workers.”

Graduates to set up productive factories and companies, as well as real support for the private sector.

He pointed out that there are “corruption mafias in the sub-districts that stand against the state’s plans and programs that are presented by the prime ministers, and that this is a big problem.”Raghad Daham  LINK

Chambers Of Commerce: The Rate Of Investment Increased By 70% In Diyala

On Thursday, the chambers of commerce revealed an increase in the rate of investment in Diyala by 70%.  “The investment file in Diyala witnessed repeated setbacks due to security unrest and economic crises in the past years,” said the head of the Chambers of Commerce in Diyala, Muhammad al-Tamimi, in a press interview seen by Takadum, pointing out that “the situation changed in 2023.”

He added, “The investment rate has increased by 70%, especially in the housing sector, which represents 50% of the turnout for investment in general,” noting that “5 main reasons stand behind businessmen’s confidence in the Diyala environment, the most prominent of which is relative stability.”

He pointed out that “Diyala is characterized by a multiplicity of investment opportunities in 7 vital sectors,” noting that “unfortunately, some security incidents are being exaggerated from time to time, although they are repeated in other provinces, but the situation is generally stable.”

It is currently investing tens of billions of dinars in various service projects in Diyala, especially the housing sector.   https://takadum-news.com/archives/171283

Al-Rafidain announces the imminent launch of the credit card

Political  | 09:26 – 06/30/2023  Baghdad – Mawazine News Al  -Rafidain Bank revealed, on Friday, that the credit card (credit card) is about to be launched.

The bank stated, in a statement, which Mawazine News received a copy of, that “the credit card will be launched soon.”  And he added, “The card carries privileges, including lending for a certain amount and according to the salary.” https://www.mawazin.net/Details.aspx?jimare=230343

Al-Halbousi: On The Occasion Of The International Day Of Parliamentary Work: We Celebrate The Importance Of The Role That Parliamentarians Play In Legislating Laws

Friday 30, June 2023 14:46 | politics Number of readings: 178  Baghdad / NINA /- Parliament Speaker Muhammad Al-Halbousi praised the role that parliamentarians play in enacting laws, in addition to carrying out the duty of oversight tasks.

Al-Halbousi said in his tweet on Twitter on the occasion of the International Day of Parliamentary Work: We celebrate the importance of the role that parliamentarians play in legislating laws in addition to carrying out the duty of oversight tasks, and we emphasize the role of Parliaments in consolidating democracy, achieving the aspirations of the people, and promoting peace and stability.

https://ninanews-com.translate.goog/Website/News/Details?Key=1062274&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en