Iraqi News Sunday Evening 8-28-22
Tlm724 Administrator Bondlady’s Corner
International Companies Use The Iraqi Airspace For The First Time In History
Money and business Economy News _ Baghdad The General Company for Air Navigation Services, one of the formations of the Ministry of Transport, announced today, Sunday, that three international companies have used Iraqi airspace for the first time.
The company’s general manager, Nizar Ibrahim Al-Ziyadi, said in a statement received by “Al-Iqtisad News”, that the Iraqi air movement at the present time is witnessing demand from civil aviation companies.
He added that today, Armenian Airlines joined Iraq’s skies for the first time, in addition to the Omani company Salam air and the Saudi Flyadeal company, given that Iraq is characterized by an important strategic location and is considered the shortest road and air corridors linking the East to the West.
Views 21 Added 08/28/2022 – 1:59 PM Update 08/28/2022 – 5:02 PM
https://economy-news.net/content.php?id=29490
(In The Document) The Iraqi National Oil Company Directs Companies Operating In The Region To Abide By The Decisions Of The Federal Court
Energy Economy News _ Baghdad The Iraqi National Oil Company directed the oil companies operating in the Kurdistan region to implement the decisions of the Federal Supreme Court No. 59 of 2012.
The decision included submitting a pledge not to work in oil projects located within the Kurdistan region, contrary to the decisions of the Federal Court, and in the event of contracts or current projects, your companies undertake To terminate it within a period of (three months) from the date of notifying you of this decision.
The document obtained by “Al-Iqtisad News” added, in the event that the companies do not comply with the stated decisions, the company will be placed on the blacklist and dealings with it will be attended.
Views 28 Added 08/28/2022 – 2:23 PM Update 08/28/2022 – 4:46 PM
Al-Najjar Reveals The Most Important Obstacles To Attracting Investments In Iraq
On August 28, 2022 The Independent/ The head of the National Investment Commission, Suha Al-Najjar, revealed the obstacles to attracting investments, while noting that the current laws have made it possible to exploit the loopholes they contain by (corruption groups) and led to the obstruction of investment activity in Iraq.
Al-Najjar said in an interview with the official newspaper and its independent follower, “The National Investment Authority has strived to overcome the obstacles that stand in the way of attracting international companies, and it has succeeded in some of them, and there are some issues that require more time, represented by the lack of infrastructure such as roads, transportation, ports, airports, and electric power, and others.”
It is one of the requirements that represent attractive points for investments.” Al-Najjar clarified that “the obstacles do not stop at the borders of roads and transportation,
but also include legal obstacles that require finding solutions to some of the intersections between the investment law and other laws, regulations and instructions related to investment, as well as putting the investor in a difficult environment of some observations of violence.
The appropriate banking and financial services for the success of the investment process, which should be in line with the developments taking place in similar countries in the world.” The head of the authority pointed out that “the obstacles to attracting investments are linked to each other, and
despite the existence of a clear vision that the authority is working on in order for there to be international investment companies presenting their projects to the country,
however, a number of loopholes and intersections are included in Investment Law No. (13 of 2006 (amended) impedes achieving this.”
Al-Najjar revealed, “The current laws have made it possible to exploit the loopholes they contain by (corruption groups) and have obstructed investment activity in Iraq.
Its effectiveness is based on practical experience over the past thirteen years, especially with regard to the mechanisms for granting customs exemptions and investment-friendly lands, which represented the biggest problem in front of attracting investments.”
With Special Teams .. The Ministry Of Interior Announces The Monitoring Of Social Networking Sites
political| 08:22 – 27/08/2022 Special – Mawazine News, the Ministry of Interior confirmed, on Saturday, that it monitors and carefully monitors the contents published on social networking sites in the country.
In an exclusive interview with Mawazine News, the Ministry’s media director, Khaled Al-Muhanna, said that the Ministry of Interior, through its own teams, monitors content that has a high level of publication, and is in violation of security, social or other controls.
He added, in some cases, we need to highlight the citizen’s role in cooperating with us through reporting, in order to expand the scope of publication, stressing that a number of similar cases have been monitored, by taking security measures in accordance with the law. Ended 29/R77 LINK
Between Oil And Construction… China Is Consolidating Its Presence In Iraq
Reports| 11:14 – 08/22/2022 Baghdad – Mawazine News In Iraq, rich in oil and poor in infrastructure, China has found a foothold.
In addition to the work of its companies in the oil field, it is building schools and an airport in projects that this country needs, but it puts it in the face of the risk of falling into a debt trap with Beijing in a not so distant time.
The Chinese presence in Iraq is not new.
But Beijing has recently diversified and expanded its projects in this country that has suffered from wars and conflicts for more than forty years.
John Calabrese, director of the Middle East and Asia Project at the Middle East Institute, told AFP that
“Iraq is in dire need of foreign investment, especially in the field of energy infrastructure.”
Here, China found an opportunity.
The People’s Republic needs to secure its energy needs, diversify its sources, and become the first importer of Iraqi oil. It alone imports 44 percent of Iraq’s oil exports, according to the Prime Minister’s advisor, Mazhar Salih, to the Iraqi News Agency.
In the field of energy, “the situation is active,” says Chinese Ambassador Cui Wei in response to a question by AFP at a press conference. But he adds,
“We are still in the stage of entering Iraq and cooperating with the Iraqi side, as well as with foreign companies operating in Iraq.”
“In terms of the number and value of projects” in the energy field, Cui explains, “the Chinese side is still at the beginning stage.”
John Calabrese believes that behind the clear commercial goals,
“there also lies China’s ambition to showcase its work, polish its image and deeply entrench itself in a country and region dominated by the West, especially the United States” for a long time.
“Belt and Road”
In 2019, Iraq became one of China’s partners in the “Belt and Road” initiative, with the two countries signing an agreement in this regard.
The “Belt and Road” initiative aims to build marine and land infrastructure projects that better connect China with Asia, Europe and Africa.
But the West sees it as a tool to enhance China’s influence in poor countries, denouncing in particular the fact that these projects have accumulated large debts on those countries. Westerners also suspect corruption and human rights abuses.
A spokesman for the Chinese Foreign Ministry told AFP that
“China is actively participating in the reconstruction of the Iraqi economy,” stressing that Baghdad is an “important partner” in the “Belt and Road” initiative.
Within the framework of this initiative, Iraq “remained the third most important partner” of China in the energy sector “between 2013 and 2022.”
For example, in the Maysan Governorate in southern Iraq, the Halfaya field is being developed with a consortium of companies led by the Chinese state-owned PetroChina, along with the French Total and Malaysia’s Petronas, as the director of the Maysan Oil Company explained in a statement to the Iraqi News Agency.
As for the trade exchange between the two countries, it is booming and amounted to $30 billion in 2020, the Iraqi News Agency quoted an official at the Chinese embassy as saying.
Given the importance of infrastructure reconstruction, many projects undertaken by China in this field fall within the framework of the agreement signed between the two countries in 2019 under the title “Reconstruction for Oil”.
Among these projects, a thousand schools and an airport in Nasiriyah.
In the city of Nasiriyah in southern Iraq, Power China is working on one of these schools.
It is one of two Chinese companies implementing a project to build eight thousand schools in total in three phases, and the first phase of it, which includes 1,000 schools in 15 Iraqi provinces, is underway.
Language lessons
These projects are financed by Iraq’s sale of 100,000 barrels of oil per day to China, whose revenues are deposited in an account managed by the Central Bank of Iraq in China.
These proceeds can only be used in projects carried out by Chinese companies exclusively in Iraq.
Chinese companies should also work with local Iraqi contracting companies “to provide manpower and raw materials,” as explained to AFP, spokesman for the General Secretariat of the Council of Ministers, Haider Majid.
Yasar Al-Maliki, an economist at the Middle East Economic Survey, considers providing job opportunities for Iraqi labor a “positive matter”, but
“there are rumors that the majority of Iraqi companies are politically connected, and are unknown, so there are fears of corruption.”
Majeed said there were plans to also include “roads, bridges, railways, energy, oil and health projects” in the agreement.
But al-Maliki warns that “the Iraqi authorities use the agreement in useless projects, and end up with many debts, as is the case in many African countries.”
China also attracts Iraqis who want to learn its language. From here, the Iraqi-Chinese Friendship Society established the only Chinese language institute in Iraq, with the exception of the Kurdistan region, less than a year ago.
On the study benches here are students wishing to complete their education in China, and merchants who import their goods from this country.
As for the teacher, Sajjad Al-Qazzaz, 25, he learned the language during the six years he studied medicine in China.
“When I came back to Iraq from China, I found that many people want to learn Chinese,” says Al-Qazzaz.
The majority of the students are traders like Laith Ahmed. “I own a company that imports electrical appliances from China,” the man says.
He added, “I always go there and find it difficult to deal with the Chinese because most of them do not speak English, so I decided to learn Chinese to make it easier to communicate with them.” Ended 29 / h
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