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[size=52]The Council of Ministers decides to contract with Ernst & Young to restructure the Rafidain and Al-Rasheed banks[/size]
- Today 19:50
Information / Baghdad..
The Council of Ministers decided, on Tuesday, to contract with an international company to study the restructuring of Al-Rafidain and Al-Rasheed Banks.
The Office of the Chairman of the Council stated in a statement received by Al-Maalouma, that “in the field of reforming the banking sector, the Council of Ministers approved direct contracts with Ernst & Young to study the issue of restructuring the Rafidain and Al-Rashid banks, submit its recommendations regarding them, and propose a road map in this regard, during 6 months".
It also included “direct contracting from the Industrial Bank with the company (Ernst & Young) to study the issue of merging the banks (industrial, real estate, and agricultural) into one bank from its specialized experts, provide the appropriate recommendation regarding it, and determine the time period required for the merger and the mechanism for transferring the balances to the bank.” the new".
As well as “direct contracting from the National Insurance Company with Ernst & Young to study the issue of merging the National Insurance Company with the Iraqi Insurance Company, into one company from its experts and specialists, provide the appropriate recommendation regarding it, and determine the time period required for the merger and the mechanism for transferring its funds to a new company.” As an exception to the Instructions for Implementing Government Contracts (2 of 2014) and the controls issued pursuant thereto.”
The Council of Ministers also approved “the proposals to simplify government procedures presented by the Prime Minister’s Advisor for Human Development Affairs, within a comprehensive vision to simplify procedures that includes a clear guide, training and preparing employees regarding them.” The Prime Minister stressed, in this regard, the importance of the citizen seeing the results of these procedures. Real vision and actions.
As well as "approving the projects listed in paragraphs (first, second, third, fourth, fifth, sixth, eighth, eleven, and fifteen) of the recommendations of the minutes of the sixth meeting of the Iraqi-Chinese Framework Agreement, based on the provisions of Article (2/The Second Axis/The Iraqi Agreement) Chinese) of the Federal General Budget Law (13 of 2023), and approval to extend the implementation of Council of Ministers Resolution (23035) of 2023, regarding postponing the collection of customs duties for imported goods and merchandise in the name of ministries and entities not affiliated with a ministry, unless the contract stipulates that the exporter will bear those duties. Until June 30, 2024. Ended / 25 hours
[You must be registered and logged in to see this link.]
The Council of Ministers decided, on Tuesday, to contract with an international company to study the restructuring of Al-Rafidain and Al-Rasheed Banks.
The Office of the Chairman of the Council stated in a statement received by Al-Maalouma, that “in the field of reforming the banking sector, the Council of Ministers approved direct contracts with Ernst & Young to study the issue of restructuring the Rafidain and Al-Rashid banks, submit its recommendations regarding them, and propose a road map in this regard, during 6 months".
It also included “direct contracting from the Industrial Bank with the company (Ernst & Young) to study the issue of merging the banks (industrial, real estate, and agricultural) into one bank from its specialized experts, provide the appropriate recommendation regarding it, and determine the time period required for the merger and the mechanism for transferring the balances to the bank.” the new".
As well as “direct contracting from the National Insurance Company with Ernst & Young to study the issue of merging the National Insurance Company with the Iraqi Insurance Company, into one company from its experts and specialists, provide the appropriate recommendation regarding it, and determine the time period required for the merger and the mechanism for transferring its funds to a new company.” As an exception to the Instructions for Implementing Government Contracts (2 of 2014) and the controls issued pursuant thereto.”
The Council of Ministers also approved “the proposals to simplify government procedures presented by the Prime Minister’s Advisor for Human Development Affairs, within a comprehensive vision to simplify procedures that includes a clear guide, training and preparing employees regarding them.” The Prime Minister stressed, in this regard, the importance of the citizen seeing the results of these procedures. Real vision and actions.
As well as "approving the projects listed in paragraphs (first, second, third, fourth, fifth, sixth, eighth, eleven, and fifteen) of the recommendations of the minutes of the sixth meeting of the Iraqi-Chinese Framework Agreement, based on the provisions of Article (2/The Second Axis/The Iraqi Agreement) Chinese) of the Federal General Budget Law (13 of 2023), and approval to extend the implementation of Council of Ministers Resolution (23035) of 2023, regarding postponing the collection of customs duties for imported goods and merchandise in the name of ministries and entities not affiliated with a ministry, unless the contract stipulates that the exporter will bear those duties. Until June 30, 2024. Ended / 25 hours
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