[You must be registered and logged in to see this image.]
Today, Monday, Minister of Finance, Ali Abdul-Amir Allawi, explained the positives of the decision to devalue the national currency on the national economy, while the head of the National Prestige for Investment, Suha Al-Najjar, confirmed that she is supportive of investment efforts that want to enter the Iraqi labor market.
This came during the influential organized by Frontier Exchange International, followed by the "National News Center", where the conference was opened by Deputy Prime Minister and Minister of Finance Ali Abdul-Amir Allawi, who spoke about "the Iraqi economy and the kinks that the country suffers from that have been rooted for some time, and the importance of moving towards the right directions." He referred to the “positives of the decision to devalue the national currency on the national economy.”
[You must be registered and logged in to see this image.]
He stated, "The importance of the white paper and the mechanisms it came with that we can consider as a prescription for the diseases of the national economy."
For her part, head of the National Prestige for Investment, Suha Al-Najjar, said that "investment is an absolute necessity to develop the reality of the national economy and move it to a better stage," noting that "the commission is supportive of investment efforts that want to enter the Iraqi labor market."
While the Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf, said, “The issue of the reconstruction of Iraq began to be planned immediately after the end of the war, as the first preparatory meeting was held in New York, during which the United Nations, the World Bank, the International Monetary Fund and the Iraqi side identified the main sectors involved in reconstruction, including education. Health, transportation, transportation and electricity, in addition to many other international conferences devoted to reconstruction, which were held in Japan, China, Spain, Belgium, Egypt, Kuwait and other Arab countries, leading to the white paper recently approved by the Iraqi Council of Ministers, in its first parts. And the second, which constitutes an ambitious economic reform program for a period of 3-5 years, as this white paper was officially supported by the (International Iraq Contact Group IECG), which includes the seven countries 7G, the European Union, the World Bank and the International Monetary Fund.”
Khalaf cautioned that "this international group will have a direct role in the institutional governance of this white paper and the implementation of its 64 strategic projects, as the white paper identified with unprecedented clarity the roots of structural problems in the Iraqi economy, and recognized that the most important of these problems is the expansion of the state's role in managing the Iraqi economy. Which caused great damage to the private sector and reduced a cycle in the development process, in addition to other structural problems, including the rentier economy methodology, almost free services for electricity and water, population pressures and the state employee’s salary bill.”
He added, "According to estimates issued by the joint report of the World Bank and the United Nations and a number of independent Iraqi experts, Iraq needs between 88 and 100 billion dollars to implement reconstruction projects, and in our opinion, representatives of part of the national economy, whatever the cost we are able to bear, because we have Huge potentials of financial, material and human resources, but we failed to invest or exploit these capabilities properly. We believe that Iraq is able to finance development if there is a conscious management of the economy.”
Khalaf explained that "the responsibility for rebuilding the state is the responsibility of both the public and private sectors," noting, "I am interested here to address the banking aspect and its role in the process of rebuilding Iraq, as you know, the Iraqi banking sector always constitutes one of the main levers to support the Iraqi economy."
He extended his greetings to the Central Bank of Iraq and Governor Mustafa Ghaleb, and to all Iraqi banking leaders, who efficiently faced local challenges, and contributed to strengthening and supporting the national economy and sustainable development.
He pointed out that "the International Development Bank, which had an active and positive contribution to the process of rebuilding Iraq by financing a wide range of huge projects in various economic sectors, as the volume of monetary and non-cash credit financing provided by the Iraqi public and private banking sector for major projects and companies and to The housing sector and small and medium-sized companies exceeded $30 billion, of which the share of private banks was about 28%, and we in the International Development Bank had an active role in these financing operations, playing a prominent role in launching the principles of financial inclusion to achieve one of the goals of sustainable development and work to transform Iraq To a country less dependent on cash and switching to electronic payment operations, which contributed to raising the efficiency of the banking sector’s performance, and to achieving the optimal monetary policy in Iraq.”
Khalaf stressed that "our sponsorship of this conference confirms our interest in the reconstruction process of Iraq and a sense of our national responsibility and duty in this context, as we were keen to continue investing in human capital and infrastructure, applying the best available banking industry techniques, and providing the latest electronic banking services to individuals and Companies with high quality and widely. Our interest was not only limited to the banking aspect, but we had a broad strategic vision for the future, as we worked to establish a group of different institutions such as insurance, contracting, industry, investment, real estate development and information technology.”
And he continued, as part of the (duty) of national responsibility, “I appeal to all distinguished Iraqi businessmen at home and abroad to participate in the development of the private sector to enable it to assume an important role in the responsibility of reconstruction and to play a greater role in the economic arena and to supply the necessary supplies for everything the country needs, to reflect The real potential in Iraqi society and the attraction of national immigrant capabilities to rebuild the country.
For his part, the representative of Frontier Exchange, Ahmed Al-Jader, stressed that "the volume of international participation in the conference by major international companies reflects the importance of the Iraqi market for international companies, as it is keen to be present in the economic forums organized inside Iraq."
[You must be registered and logged in to see this link.]
Economie
[size=38]IRAQ HOLDS A CONFERENCE TO INVEST HUMAN RESOURCES AND MOVE THE LABOR MARKET TO MOVE THE ECONOMY TO A NEW STAGE[/size]
Today, Monday, Minister of Finance, Ali Abdul-Amir Allawi, explained the positives of the decision to devalue the national currency on the national economy, while the head of the National Prestige for Investment, Suha Al-Najjar, confirmed that she is supportive of investment efforts that want to enter the Iraqi labor market.
This came during the influential organized by Frontier Exchange International, followed by the "National News Center", where the conference was opened by Deputy Prime Minister and Minister of Finance Ali Abdul-Amir Allawi, who spoke about "the Iraqi economy and the kinks that the country suffers from that have been rooted for some time, and the importance of moving towards the right directions." He referred to the “positives of the decision to devalue the national currency on the national economy.”
[You must be registered and logged in to see this image.]
He stated, "The importance of the white paper and the mechanisms it came with that we can consider as a prescription for the diseases of the national economy."
For her part, head of the National Prestige for Investment, Suha Al-Najjar, said that "investment is an absolute necessity to develop the reality of the national economy and move it to a better stage," noting that "the commission is supportive of investment efforts that want to enter the Iraqi labor market."
While the Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf, said, “The issue of the reconstruction of Iraq began to be planned immediately after the end of the war, as the first preparatory meeting was held in New York, during which the United Nations, the World Bank, the International Monetary Fund and the Iraqi side identified the main sectors involved in reconstruction, including education. Health, transportation, transportation and electricity, in addition to many other international conferences devoted to reconstruction, which were held in Japan, China, Spain, Belgium, Egypt, Kuwait and other Arab countries, leading to the white paper recently approved by the Iraqi Council of Ministers, in its first parts. And the second, which constitutes an ambitious economic reform program for a period of 3-5 years, as this white paper was officially supported by the (International Iraq Contact Group IECG), which includes the seven countries 7G, the European Union, the World Bank and the International Monetary Fund.”
Khalaf cautioned that "this international group will have a direct role in the institutional governance of this white paper and the implementation of its 64 strategic projects, as the white paper identified with unprecedented clarity the roots of structural problems in the Iraqi economy, and recognized that the most important of these problems is the expansion of the state's role in managing the Iraqi economy. Which caused great damage to the private sector and reduced a cycle in the development process, in addition to other structural problems, including the rentier economy methodology, almost free services for electricity and water, population pressures and the state employee’s salary bill.”
He added, "According to estimates issued by the joint report of the World Bank and the United Nations and a number of independent Iraqi experts, Iraq needs between 88 and 100 billion dollars to implement reconstruction projects, and in our opinion, representatives of part of the national economy, whatever the cost we are able to bear, because we have Huge potentials of financial, material and human resources, but we failed to invest or exploit these capabilities properly. We believe that Iraq is able to finance development if there is a conscious management of the economy.”
Khalaf explained that "the responsibility for rebuilding the state is the responsibility of both the public and private sectors," noting, "I am interested here to address the banking aspect and its role in the process of rebuilding Iraq, as you know, the Iraqi banking sector always constitutes one of the main levers to support the Iraqi economy."
He extended his greetings to the Central Bank of Iraq and Governor Mustafa Ghaleb, and to all Iraqi banking leaders, who efficiently faced local challenges, and contributed to strengthening and supporting the national economy and sustainable development.
He pointed out that "the International Development Bank, which had an active and positive contribution to the process of rebuilding Iraq by financing a wide range of huge projects in various economic sectors, as the volume of monetary and non-cash credit financing provided by the Iraqi public and private banking sector for major projects and companies and to The housing sector and small and medium-sized companies exceeded $30 billion, of which the share of private banks was about 28%, and we in the International Development Bank had an active role in these financing operations, playing a prominent role in launching the principles of financial inclusion to achieve one of the goals of sustainable development and work to transform Iraq To a country less dependent on cash and switching to electronic payment operations, which contributed to raising the efficiency of the banking sector’s performance, and to achieving the optimal monetary policy in Iraq.”
Khalaf stressed that "our sponsorship of this conference confirms our interest in the reconstruction process of Iraq and a sense of our national responsibility and duty in this context, as we were keen to continue investing in human capital and infrastructure, applying the best available banking industry techniques, and providing the latest electronic banking services to individuals and Companies with high quality and widely. Our interest was not only limited to the banking aspect, but we had a broad strategic vision for the future, as we worked to establish a group of different institutions such as insurance, contracting, industry, investment, real estate development and information technology.”
And he continued, as part of the (duty) of national responsibility, “I appeal to all distinguished Iraqi businessmen at home and abroad to participate in the development of the private sector to enable it to assume an important role in the responsibility of reconstruction and to play a greater role in the economic arena and to supply the necessary supplies for everything the country needs, to reflect The real potential in Iraqi society and the attraction of national immigrant capabilities to rebuild the country.
For his part, the representative of Frontier Exchange, Ahmed Al-Jader, stressed that "the volume of international participation in the conference by major international companies reflects the importance of the Iraqi market for international companies, as it is keen to be present in the economic forums organized inside Iraq."
[You must be registered and logged in to see this link.]
» MilitiaMan and Crew:Capital Movement - Currency- CBI - Platforms 3-30-2023
» Judy, MilitiaMan and more....Thursday AM 3-30-2023
» The Ministry of Oil announces the distribution of 990 appointees to the oil companies
» The national-democratic dispute "deepens more." And Surji: We have no representative in the negotiat
» During 240 sessions...an expert shows the volume of dollar sales required to implement the 2023 budg
» Oil: Distribution of appointees to the companies and formations of the Ministry
» The Minister of Planning is discussing with the regional director of the International Monetary Fund
» Al-Marsoumi to / NINA /: The upcoming budget taxes will raise the inflation rate in the country
» Al-Fateh: International arbitration strengthened Baghdad's oil decision and gave Al-Sudani the power
» Iraq faces pollution with 90 plans
» The Cabinet Secretariat reveals the recommendations of a governmental committee to confront the prob
» A new move by the Investment Authority with the Korean company regarding Bismayah apartments
» Al-Sudani discusses with the representative of the International Monetary Fund the government's plan
» Iraq is moving towards establishing new cities to solve the housing crisis in Baghdad and the provin
» An economist is likely to continue declining the dollar exchange rate
» After passing the "St. Lego" law..a deputy reveals a parliamentary approach to approve the budget
» Russia is calling on Iraq to open its airspace to its planes heading to Syria.. What is the relation
» Wholesale market prices in Baghdad under the microscope
» Iraq and the UAE are holding talks regarding the extradition of wanted persons and the recovery of f
» Iraq and the IMF are discussing the financial and administrative reforms adopted by the government
» An American center that evaluates the results and repercussions of international arbitration over Ku
» Disclosure of the size of the region's debts after stopping oil exports
» The Prime Minister meets the representative of the International Monetary Fund.. This is the most im
» What is the truth about the central bank’s intention to sell the dollar at the official rate to all
» KTFA Wednesday Night CC with Frank26 "K.I.S.S." 3-29-2023
» Parliamentary Defense: The decision to end the mandate for the war on Iraq will contribute to streng
» The dollar opened at a new low in the Iraqi Stock Exchange today
» Trade talks about pumping “large” quantities of food supplies and the Ramadan basket
» A specialized Iraqi center: taxes and fees in the 2023 budget on gasoline and kerosene sold to citiz
» The Central Bank of Iraq sets measures to support the dinar and comments on the drop in exchange rat
» Parliamentary Finance: Amendment to the sections of the budget and these segments are not affected
» Al-Maliki: The retirement law will be subject to the government's vision before it is voted on in pa
» Al-Saadi: Oil revenues will not cover the size of the budget, especially the investment
» Parliamentarian: Baghdad is now imposing its conditions on Türkiye and Kurdistan in exporting oil
» The framework announces the end of the investigation with 20% of Al-Kazemi’s corruption files
» Chihoud: The political blocs will nominate replacements for the dismissed ministers and governors
» Kurdistan delegation returns with hidden nostalgia..Baghdad ignores Erbil's oil requests
» Finance approves the appointment of 150 permanent staff in Anbar Health
» Identify 4 measures to support the strength of the Iraqi dinar
» Expectations of announcing a Sunni political map outside the borders of the Halbousi dictatorship
» Al-Fateh: International arbitration strengthened Baghdad's oil decision and gave Al-Sudanese the pow
» The final nail in his coffin.. Al-Halbousi is wrestling with his party leaders over the distribution
» The Minister of Construction is discussing with a delegation from the World Bank the support of road
» An economic center warns of government decisions to raise fuel prices within the 2023 budget
» The Minister of Planning is discussing with the regional director of the International Monetary Fund
» Representative agriculture: Turkey's water releases are a temporary tactic to pacify Iraq
» Parliamentary action on political leaders to legislate a law before submitting it to Parliament
» The National: Baghdad is seeking an agreement with the region to resume oil exports at full capacity
» Parliamentary Human Rights talks about the imminent enactment of three important laws
» Al-Fatlawi: Türkiye has an economic opportunity to develop its relations with Iraq
» The President of the Judicial Council visits the Federal Court in the Emirates
» The markets of Baghdad and Kurdistan are closing down at dollar prices
» Al-Sudani’s advisor reveals the reasons for the continued rise of the dollar and confirms a “imminen
» A government official is likely to delay the payment of pensioners' salaries today
» The Iraqi Central Bank’s sales of dollars increased to more than 238 million
» Finance urges the participation of international experts in the process of developing the performanc
» For the first time.. the Anti-Money Laundering Council is moving to impose banking dealings in the s
» Iraq receives compensation of about 70 million dollars for the effects of climate change
» Kurdistan announces the distribution of more than two billion dinars to farmers within 3 years
» Investment: projects that simulate the experience of the city of "Al-Rafail" in 3 governorates
» The Central Bank talks about the "signs" of its measures: the dollar began to decline against the di
» More than 5% share of renewable energy in the electricity capacity in Iraq
» Al-Halbousi's deputy talks about the salaries of state employees
» The Parliamentary Foreign Ministry calls for resolving the “Ambassadors’ file”
» Parliament gives priority to 4 laws out of 127
» A political welcome to end the "war mandate" on Iraq
» New talk from the Central Bank regarding the exchange rate and the possibility of printing a denomin
» International interest in financing small and medium enterprises in Iraq
» Deputy for the framework: Parliamentary agreement to return the budget to the government
» Al-Sudani: We will provide the necessary environment for the local elections scheduled for this year
» The President of the Republic stresses the importance of consolidating cooperation and societal coex
» Kurdistan Union: International pressures behind setting the date for the regional parliament electio
» Israel enters into a crisis because of "Kurdistan's oil"
» Iraq is the fifth largest oil exporter to South Korea last February
» Parliamentary Finance reveals the reasons for the delay in reading the 2023 budget
» A new decline in dollar prices in the local markets
» The central bank’s dollar sales increased by 16%
» Customs Authority employees announce an open sit-in until their demands are met
» Iraq is among the list of countries with the most US bonds.. Here is the order
» Low prices of “foreign and Iraqi” gold in Baghdad markets
» A directive from the Minister of Interior “Abdul Amir Al-Shammari” regarding the employees of the In
» “Do not rush to celebrate.” A British view of the French court's decision on Kurdistan's oil: an emp
» Al-Mandalawi: Minimum salaries should be sufficient to meet the needs of employees and face market f
» An agreement to approve the amendment of the salary scale for employees
» The World Bank calls on Iraq to take advantage of the oil recovery by switching to renewable energy
» The Federal Court postponed consideration of extending the work of the Kurdistan Parliament to May
» MPs upset about not presenting the budget: We fear behind-the-scenes agreements
» Al-Sudani does not act as a framer, and the latter fears that he will eat his fans in the elections
» The judiciary clarifies the mechanism of control over financial institutions and the activities of t
» The Minister of Labor announces the disbursement of a financial reward for retired workers
» Mandalawi confirms Iraq's endeavor to strengthen its foreign relations and frame them with solid agr
» Minister of Electricity: There will be an increase in production and more stability next summer
» Minister of Water Resources: Changing locations in institutions is important
» Al-Maliki: My hand is still extended to Al-Sadr and other politicians, and I refuse to keep the riva
» Prime Minister: We have initiated a set of administrative reforms and decisive initiatives to combat
» The Minister of Finance is discussing with the International Monetary Fund support for economic refo
» The Minister of Oil announces the start of gas investment operations in the Akkas field at a rate of
» Saudi Arabia makes proposals for the development of agriculture in Iraq