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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    MINISTER OF INDUSTRY: 104 FACTORIES HAVE STOPPED, MOST OF WHICH ARE OUTSIDE THEIR WORKING LIFE

    Rocky
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    MINISTER OF INDUSTRY: 104 FACTORIES HAVE STOPPED, MOST OF WHICH ARE OUTSIDE THEIR WORKING LIFE Empty MINISTER OF INDUSTRY: 104 FACTORIES HAVE STOPPED, MOST OF WHICH ARE OUTSIDE THEIR WORKING LIFE

    Post by Rocky Fri 07 Apr 2023, 5:19 am

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    Economy

    [size=38]MINISTER OF INDUSTRY: 104 FACTORIES HAVE STOPPED, MOST OF WHICH ARE OUTSIDE THEIR WORKING LIFE[/size]


    Today, Friday, the Minister of Industry, Khaled Battal Al-Najm, counted the suspended factories in the country, and while he made clear the impossibility of re-operating most of them, he announced obtaining the approval of the Council of Ministers to legislate a law under the name of economic reform.
    Al-Najm said, during a press conference: “Certain steps known to all have been taken in dealing with some contracts, and we have a review of all partnership contracts, which amount to 177 contracts at the ministry’s headquarters, in addition to stopping some contracts and trying to treat some of them and referring some of them to the Inclusion Committee due to the existence of a waste of money.” year.” 
    He added, "The ministry works within a clear government program, and we adopt strategic industries in Iraq represented in iron and steel, fertilizers, petrochemicals, medicines, sulfur, phosphates, and electrical industries represented by transformers and electric cables."
    And he continued: “As for other detailed industries, we leave room for the private sector to grow, especially as it is important in bringing about a shift in Iraqi industries, and the Ministry of Industry is not only concerned with government industries and companies, but rather sponsors, supports and cooperates with the private sector, but rather offers it over public companies in many cases.” of the detail industries.
    Regarding the stopped factories, Al-Najm said: “The stopped factories amount to 104 factories, most of which cannot be worked in because they are outdated and outside the default age, as most of them date from the sixties and fifties,” noting that “some factories started working in them in the fifties, but they are still working, including Babylon Cement Factory, which started work in 1954, and Al-Rafidain Cement Factory in 1957.
    And he added, “The old factories cannot be re-worked, but we went towards structuring some companies according to the government program, and we are currently working on restructuring (the General Company for Textiles and Leather, and the General Company for Food Industries), and this does not mean canceling them or laying off workers, but we are studying the factories that are not suspended.” It is workable, either we refer it to investment, or we stop it and dispose of it in accordance with the laws that allow that.”
    With regard to the ministry’s budget, the minister indicated that “the ministry’s budget includes two parts, the first of which is the operational part through which salaries and other regulated operational expenses are covered, and the second is the investment part, as there are projects under construction, and there are sums allocated for their completion, while new projects will not be completed.” We include, with the exception of important ruling projects,” stressing that “the Ministry of Industry is supposed to participate and contribute to financing the budget and not take from it.”
    And about the transformation from socialism and entering into privatization and capitalism, the star said: “Part of this issue is related to the clear laws of the constitution, and our constitution in 2005 was working towards the market, but some laws are still represented by trademarks in 1957, and the industrial investment law in 1998, and others.”
    And he continued: “Two weeks ago, we agreed in the Council of Ministers to work on legislating a law called (the Economic Reform Law). We take all the paragraphs from the various laws that have problems with implementation, and we try to put them in one law that goes to the House of Representatives to be legislated.”
    He pointed out that "the holy shrines have industrial projects within the law, and they have industrial investment licenses," stressing that "the ministry deals with the shrines and all the private sector in a spirit of cooperation, as these factories feed into the wheel of the national economy."
    He pointed out that “the Popular Mobilization Authority established the Engineer Company, but it has not yet started with actual projects, as it was established recently,” stressing that “there is no objection to cooperation with the Engineer Company, the Holy Shrines and the private sector, as long as each specialization is preserved and there is no overlap in work and a penchant for a company.”
    He explained that “Iraq has a large import from Turkey and Iran, and it is not a commercial exchange. Part of this import is related to industries that we can establish in Iraq,” noting that “there is an intersection of interests and problems in the Iraqi industrial sector for several reasons, including the lack of raw materials and the other part is related to the lack of The availability of continuous electric power, as here there will be additional production costs on the factory, and part of it is relatively related to the strength of the Iraqi dinar, as the merchant searches for a strong dinar and the industrialist searches for a weak dinar, and the stronger the dinar, the more trade will increase at the expense of industry, and thus foreign trade will increase.
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