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Mubasher: The Iraqi Council of Ministers agreed, during its weekly meeting, today, Tuesday, to increase the capital of the Industrial Bank of Iraq by 150 billion dinars, based on the provisions of Article (10/First) of the Public Companies Law (22 of 1997) as amended.
The Cabinet assigned the Ministry of Finance to take the necessary measures to implement the decision, according to a press release.
The Council delegated the Director-General of the General Tax Authority the power to negotiate and initialize a draft agreement to avoid double taxation and prevent tax evasion on income and capital, between the Government of the Republic of Iraq and the Government of the Republic of Ukraine.
The government also approved the draft law on the service of science, which was reviewed by the State Consultative Council and referred to the House of Representatives, based on the provisions of Articles (61 / Clause First, and 80 / Clause Second) of the Constitution, taking into account the note of the legal department in the General Secretariat of the National Assembly Ministers.
The Council approved the allocation of the Ministry of Finance 500 million dinars to the General Directorate of Yazidi Survivor Affairs of the Ministry of Labor and Social Affairs from the emergency reserve for the fiscal year 2021.
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