money and business

money and business




إطلاق Launch of the first meal of reconstruction projects liberated areas in Diyala

The Department of Diyala province, on Friday, the launch of the first meal of reconstruction projects in the liberated areas of the province with the support of a government fund, Director of Media Diyala Yasser Badr said in a press statement, "The seven projects represent The first meal in the program for the reconstruction of the liberated areas in Diyala was launched with the support and funding of the government reconstruction fund, which was established to oversee and finance reconstruction projects and construction of liberated areas. Badr added that "the projects related to the cladding and paving of roads," stressing the "importance of the start of reconstruction projects in the restoration of services in addition to creating jobs for the unemployed and contribute to the creation of economic recovery." The organization "Daash" swept through large areas in Diyala after June 2014 and destroyed the service structures For most of them before the security forces and popular mobilization succeeded in liberating them.



 Britain to provide funding for two power plants in Iraq
The British government announced the provision of funding of $ 117 million to a group of British and international companies charged with the completion of two power plants in Iraq. "The Export Finance Agency of the British Ministry of Commerce decided to fund a consortium led by Enka Yukai and General Electric to build two 750-megawatt gas power plants in the Dhi Qar, Samawah) in southern Iraq. "The funding is a guarantee and support from the British government for the contracts concluded by Iraq to complete the energy project," he said. "Britain will continue to support infrastructure projects in Iraq that will allow to respond to the needs of the country and ensure energy security."
Hands stressed that "



"The British government will consider the possibility of funding the final stages of the project completion of the two stations."  International Monetary Fund: Iraq's reserves drop to 45 billion dollars

The International Monetary Fund considered that Iraq is currently facing a dual economic challenge is to compensate for material losses resulting from the war against Daqash, And oil prices
The report said that in 2016 real GDP of Iraq rose by 11 percent, as a result of a 25 percent increase in oil production, "which was not significantly affected by the conflict with the Dahesh at the time."
The report added that he expects not to witness Activity Economy This year is a rise due to a 1.5% decline in oil production because of Iraq's commitment to the agreement of the oil exporting countries from [OPEC] and beyond to reduce the level of production, and also because of the very modest recovery of
non-oil sectors . " He pointed out that "


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