Contracts and agreements .. The most important economic (range) follow-up for the year 2017 9 Chap 7

Contracts and agreements .. .. the most important rebounds (term economic) for the year 2017

01/02/2018

Baghdad / Zahraa Al-Jassem

Exit Iraq from Chapter VII and the opening of the atmosphere two events Aloprzan

With important political events that occurred in 2017, including the victory of Iraq directed the organization Daesh from areas dominated in 2014, emerged as economic events are not as important as it was for "(range) role in the follow-up to many of the files of the oil sector -alsnaah- agriculture tourism - transportation, in addition to the file of the banking sector, which has developed a clear cross-sentence measures and decisions clearly reflected on his performance.

Although the effect of oil was evident on the overall economic events in the world with the continued freezing of the Organization of Petroleum Exporting Countries , which has contributed significantly to increase its prices to the highest level in two years, Iraq has continued to develop the fields of oil and its business, as called for companies to discover other patches border, with the increase in revenue up 7 billion for only ten months of 2017, which contributed to reducing the projected deficit ratio to balance the 2018 , which is still subject to discussions and disagreements between the blocs in the parliament, the public seal of his days to lift the ban on Iraqi airspace, and the exit of Iraq from Chapter VII ..

2017 out of Chapter the seventh

where he acknowledged m Council of International Security in late 2017, that Iraq and in another of its obligations regarding the decisions of the seventh item, which is destined to provide opportunities for encouraging foreign investment in Iraq after more than forty years of great conflicts and the decline in economic development and progress, and will launch money.

Oil

2017 D pipeline to transport oil to invite companies to invest and increase revenue has

been active oil ministry in 2017 to invite international companies to invest through the implementation of a project to build a new pipeline to export oil from the Kirkuk oilfields to the Turkish border, as German companies specialized in the oil and gas industry called to participate in projects the development of oil and gas industry, with its call for companies Arab and foreign investment in this sector, with the signing of several memoranda of understanding and contracts for cooperation between Iraq and other countries in the oil field.

Oil Minister Jabbar Allaibi called in 27/11/2017, foreign companies to bid to explore for oil and gas in 9 patches border, confirmed that it is an important step towards the adoption of a new business model different financial terms from the previous licensing contracts, also he announced that his ministry has achieved financial revenues It amounted to 48.880 billion dollars, an increase of 7 billion during the 10 months of the year only.

2017 witnessed a significant decrease budget deficit for the first time ,

financial revealed parliamentary decline in the budget deficit for the year 2018 by 13 trillion dinars after the 27 Trliuna, due to the recommendations of the International Monetary Fund , which put Iraq in the right way in the state management of funds and pressure government expenditures, while increasing prices oil than expected, in addition to the growth of fiscal revenue sources in the budget, and to maximize the non - oil resources.

The application of "2017 e - government

has embarked on the Ministry of Communications, the implementation phases of the project" e - government ", which connects the state 's departments to each other through the Internet spider, which contributes to dispense style paper that he and cut operational expenses of the state and the general civil interests by not less than 3-5% of gross domestic product, as financial advisor confirms.

2017 investment

was the reconstruction of the liberated areas file of topics that have been highlighted intensively and continuously, at the time were followed up declaration of the United States and the international community it is working to secure a grant for the reconstruction of the liberated Iraqi cities may exceed the $ 115 billion, the granting of reconstruction beyond the 115 billion, also showed that foreign investment opportunities in Iraq , latent and long - term "because of its content country of vast oil resources with the need for projects re - huge reconstruction, hoping to be achieved after the donor conference to be held early next year, the term followed also shifts the positive In economic relations between Iraq and Saudi Arabia and the Saudi openness to Iraq , where he stressed the Saudi Energy Minister Khaled al - Faleh after multiple visits by the two countries Sicoman develop appropriate to achieve economic partnership mechanisms, and with the opening of border crossings went more than 44 Saudi investment company to participate strongly in the Baghdad International Fair in preparation for the contribution reconstruction process.

Water file

water crisis sharply hit the Iraqi provinces in 2017 29/11/2017 A report for "(to the extent) that the acute water that hit most of the Iraqi crisis affected provinces , according to concerned, on large tracts of agricultural land, while the heroes of the provincial councils that are trying to acquisitions on water quotas in various ways without taking into account the neighboring provinces rights.

as instructed the Minister of resources impact the implementation of a project to invest in water flowing from Iran in 2017, at the time of Agriculture and parliamentary water announced near the start a project to invest in water flowing from the border areas with Iran, which will be in the form of a channel to assemble Water inside the Iraqi border to solve the water problem by securing the quantities to be used for drinking and agriculture, an expert pointed out that the first five - year plan for Iraq is the tasks of activating the productive sectors such as agriculture and solve the water crisis.

Transport file

open skies and seek to buy planes to increase sea and land ports revenue was the most prominent events of the transport sector for the year 2017, Where the Ministry of Transport confirmed that the aircraft Ukrainian the "15 aircraft", which was agreed upon in a way the lease will enter service next year, after the completion of administrative procedures and offer Technical aircraft and pilots for the rehabilitation of its leadership, Aviation authority confirmed that the benefits of opening Iraqi airspace will include multiple economic sectors and return to the state treasury an estimated $ 70 million annually with financial resources, which is to maximize the resources of the state 's non - oil.

As the latest report of the Commission on border crossing points, that obtained revenue from these ports , the volume of 60 billion dinars in the month of last November , up mission for the year Alsabak.oukd ban was lifted from the Iraqi airspace after closed for four years, as it was so great importance to increase fiscal revenue Ministry of transport and Aviation authority showed that the benefits of opening Iraqi airspace will include multiple economic sectors.

The banking sector file

multiple meetings included officials and specialists in the banking sector vassal term, as was her most important reports in 12/28/2017 where he first Rafidain Bank ATM mail service to withdraw money from any place, which promise an economist is an important step in the direction right though small, with the continuation of the granting of loans to various segments of society, in addition to the Central Declaration in which the establishment of lending fund can grant a 10% loan to finance infrastructure projects of the country, with work on the localization of salaries for employees in the private and public sectors of economic development, with the announcement of a new project to provide services father Effective email to 25-10- local banks, with Iraq 's issuance of sovereign bonds for the first time to use in the global capital market.

Wishes for 2018.

Finally , with the relative improvement in electricity after the application of the government system of privatization despite repeated them objections, obsessed with the elimination of unemployment and file external debt and loans that confirmed the International Monetary remains that it will rise to $ 132 billion next year, one of the most important concerns of the respective personnel in economic affairs , at a time when most of them calling for the need to move towards maximizing the non - oil resources in the hope that the year 2018 is witnessing a recovery in this aspect of the equivalent of the oil revenue , which is still dependent more than 95% of the size of the Iraqi budgets on it.