Iraqi News Highlights Tuesday Evening 4-4-23
Tlm724 Administrator Bondlady’s Corner
The Governor Of The Central Bank Of Iraq Receives A Delegation From The World Bank
April 04, 2023 His Excellency the Governor of the Central Bank of Iraq, Professor (Ali Mohsen Ismail), received today, Tuesday, the representative of the World Bank, which is charged with preparing the financial sector evaluation project in Iraq, Mr. (Sayed Mahdi Hassan) and the accompanying delegation.
During the meeting, a summary was presented on the report of the financial reform program in Iraq, the
promotion of bilateral cooperation, the
discussion of the reform of the Iraqi banking sector, especially the government, which represents 80% of the banking sector in total, as well as the
adoption of institutional governance and the
regulation of the structure of banking institutions, and
the two parties discussed opportunities to develop information technology in The government banks sector and the use of comprehensive banking systems in Al -Rashid and Al -Rafidain bankers.
The Central Bank of Iraq information Office 4- Nissan – 2023 https://cbi.iq/news/view/2297
Baghdad Agrees To Own A 30% Stake In A $27 Billion Project By Total Energies
Energy Economy News / Baghdad Two sources told Reuters on Tuesday that Baghdad had reached an agreement with Total (EPA: TTEF) Energis to own a 30 percent stake in the company’s long-delayed $27 billion project in Iraq.
The agreement was signed in 2021, according to which Total Energies will implement four oil, gas and renewable energy projects with an initial investment of ten billion dollars in southern Iraq over a period of 25 years.
But he faced several setbacks amid disagreements among Iraqi politicians over the terms.
Among the main obstacles was Iraq’s demand for a 40 percent stake in the project, as Total Energies wants to have a majority stake.
A source in the sector said that the agreement to reduce the share to 30 percent was made after meetings in Baghdad during the past few days.
Total Energies did not immediately respond to a request for comment.
“The agreement will be activated within days,” said a senior official at the Iraqi Oil Ministry.
https://economy-news.net/content.php?id=33345
Iraq And America Discuss The Mechanism Of Cooperation In The Field Of Transport
Money and business Economy News _ Baghdad The Minister of Transport, Razzaq Muhibis Al-Saadawi, discussed, during his meeting with the Ambassador of the United States of America in Baghdad, Elena Romansky, at the Ministry’s headquarters, the mechanism of cooperation in the field of transportation.
And the Ministry of Transport stated, in a statement received by “Al-Iqtisad News”, that “the Minister of Transport, Razzaq Muhibis Al-Saadawi, received the Ambassador of the United States of America in Baghdad, Elena Romansky, at the ministry’s headquarters.”
The statement added, “During the meeting, the focus was on climate change, and the minister reviewed the ministry’s plans in this regard, by working to find environmentally friendly means of transportation, in a way that contributes to promoting the green economy, which the world is in dire need of.”
He pointed out that “the meeting discussed the various files of the transportation sector, and the possibility of benefiting from major American companies to develop the reality of the work of the sectors, as well as finding mechanisms to enhance bilateral cooperation between Iraq and America in the fields of transportation, as the Ministry of Transport had contracted with the American Boeing to purchase a number of The aircraft are of different models, and the ministry has a contract with the American company GE for the manufacture of engines to maintain the engines of the parked aircraft belonging to the General Company for Iraqi Airways.
In turn, the ambassador expressed her thanks to the minister for the good reception, stressing “her country’s readiness to support the efforts of the Ministry of Transport in developing its services and benefiting from the technological development in the transportation sector in the United States of America.”
“The US administration is looking forward to more exchange and close coordination between the two countries,” the US ambassador affirmed. https://economy-news.net/content.php?id=33340
Integrity: Coordination With 27 Local And International Authorities To Recover Smuggled Funds
Money and business Economy News – Baghdad The Integrity Commission intensified its coordination with 27 local and international bodies to cooperate in files demanding smuggled funds abroad and returning convicts, while it revealed the existence of 32 files to recover these funds against people with special degrees and general managers during the past year.
The head of the Commission of Integrity, Judge Haider Hanoun, said, “Among the bodies that the Commission deals with to recover smuggled funds are 15 international organizations and ministries, including the United Nations Office on Drugs and Crime, the International Center for Anti-Corruption in London, the World Bank, the Ministry of Justice in Britain, and the Anti-Corruption Agency in the same country.” And the International Organization of Interpol, as well as the file of cooperation with the German Agency, in addition to other international bodies.
And he indicated that “there are 12 local authorities that have also been coordinated with in this file, including the Ministry of Justice, the Directorate of Arab and International Police, the National Intelligence Service, the Supreme Judicial Council, the Central Bank, the Office of Combating Money Laundering and Terrorist Financing, and the Iraq Stock Exchange, as well as the Ministry of Commerce and the Companies Registrar’s Department in it.” along with other local entities.
Hanoun pointed out that “the authority is constantly working to coordinate and cooperate with international organizations to develop the performance of state institutions and develop the capabilities of workers, especially those concerned with combating corruption and money smuggling,” according to the official newspaper.
He added, “The Commission revealed, through its investigative offices in Baghdad and the provinces, the existence of 32 files to recover funds prepared against those wanted by the courts with special degrees, general managers and those with their degrees, in addition to a minister, general inspectors, a governor, a member of a provincial council, four general managers, and others of their rank.”
https://economy-news.net/content.php?id=33327
Deputy Expects To Pass The General Budget After Making Minor Changes
Tuesday 04, April 2023 08:15 | Economical Number of readings: 328 Baghdad / NINA / – The representative of Basra Governorate, Ali Shaddad, expected the possibility of passing the tripartite budget law in Parliament, while pointing out that “it may witness some partial changes.”
Shaddad said, in a press statement, that “the Parliamentary Finance Committee discussed the basics of the draft general budget law with the Minister of Finance and in the presence of the First Deputy Speaker of Parliament,” pointing out that “the session tomorrow, Wednesday, will witness the first reading of the general budget law.”
Shaddad expected that “the budget law sent by the Council of Ministers will witness some minor changes, but it will be passed by the House of Representatives.”/ End 5
https://ninanews.com/Website/News/Details?key=1044640
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