money and business

money and business




Rafidain: These causes of delayed payment of salaries of retirees
attributed to the Rafidain Bank causes delays in the payment of salaries of civilian retirees for the month of August so far for lack of access lists and their names and statements by the Pension Authority.
The media office of the bank in a statement received a long copy of it that "the delay borne by the Pension Authority that the Rafidain Bank is the executive in the process of exchange has nothing to do with this delay."
"The bank will be immediately after the arrival of the Sukuk for retirees and fed the financial balance by retirement and disbursed immediately and without delay."


Japanese loan for electricity projects in Iraq
A statement by the Iraqi government on Saturday that Japan agreed to lend Iraq up to $ 195 million for the project Is contributing to the rehabilitation of a thermal power plant in the southern province of Basra
Iraq is a major producer of oil in the Organization of «OPEC», but suffers from a chronic deficit in electricity. Its weak network faces difficulty in meeting demand after years of war, sanctions and neglect.
Prime Minister Haidar al-Abadi's office said in a statement that the loan agreement was signed during a visit by Japanese Minister of State for Foreign Affairs Kontaro Sonora, who met with Abadi yesterday.
Iraq needs external funding to fill the budget deficit, estimated at 25 trillion Iraqi dinars (21.44 billion dollars) this year at a time suffering from the decline in international oil prices and the cost of fighting the organization of the "Islamic State" (Dahesh).


Government adviser reveals the existence of talks to settle the Gulf debt
The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Saturday, the existence of talks to settle the Gulf debt and closing it completely, indicating that the Gulf debt amounts to 45.6, including compensation Kuwait.
Saleh said in an interview with "Economic News" that "
"The debt of the Gulf is 41 billion dollars, which is a sovereign debt owed to countries outside the Paris Club members and covered by the terms of the Paris Club Agreement," he said. " He added that" the Gulf countries did not demand debt and did not submit debt documents to the International Auditing Company E & Y since the Paris Club agreement at the end of 2004, "noting that" the debts of the Gulf are mostly fictitious claims and linked to the Iraq-Iran war. "
He pointed out that" Compensation of the Kuwait war of 4.6 billion and suspended payment of premiums since 2015 rates 5% was deducted from the value of each barrel of Iraqi oil source, "stressing that" there are consultations to settle this issue and close his file for a final. "


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