[size=38]The Council of Ministers approves the draft Islamic investment sukuk law and refers it to Parliament[/size]
[You must be registered and logged in to see this image.]
December 12, 2023[You must be registered and logged in to see this link.]
Baghdad/Al-Masala Event: Prime Minister Muhammad Shiaa Al-Sudani chaired the fiftieth regular session of the Council of Ministers, during which the general situation in the country was discussed, in various political, service and economic aspects, in addition to following up on the implementation of the government program, reviewing the decisions on the agenda, and making decisions and recommendations. about it.
In preparation for holding the governorate council elections, the Prime Minister directed that official working hours be suspended on Monday and Tuesday, corresponding to (18 and 19) December 2023.
In order to address the issue of water scarcity and adherence to the agricultural and water plan, the Prime Minister directed the following:
1. The Ministry of Foreign Affairs communicated with its Turkish counterpart regarding increasing water releases to Iraq.
2. The Ministry of Water Resources forms teams to organize the irrigation process in areas suffering from a critical water situation.
3. The Joint Operations Command follows up on trespassers in areas that witness cases of trespassing and non-compliance with marshals.
Based on the services provided by the government electronic communication team through the (Among Our People) initiative to the most vulnerable and fragile groups in society, through its field work and periodic visits to remote areas and slums, the Prime Minister directed all ministries, especially service ones, to provide financial support and the necessary resources necessary. To enhance the team’s capabilities, improve its immediate and rapid response to groups in need, and ensure that the team’s needs are included in the annual work plans of the relevant ministries.
In order to complete the implementation of Council of Ministers Resolution No. (23620) of 2023 regarding defining the roles and tasks of government agencies, the Central Bank of Iraq, banks, unions and federations, in order to achieve streamlined implementation of the procedures for implementing the electronic point of sale (POS) system and raise the level of preparedness of all parties, in a way that contributes to To serve citizens, the Prime Minister directed the following:
1- A statement by the Legal Department in the General Secretariat of the Council of Ministers of its procedures regarding the legislation of the electronic payment system, which requires completion and presentation to the State Council for scrutiny, and to be presented in the next Council of Ministers session; For the purpose of approving its issuance.
2 - The Department of Cabinet Affairs and Committees is committed to following up on the implementation of Cabinet Resolution No. (23620) of 2023 with all parties to whom the above resolution was addressed (on the ground), and submitting a detailed report during each Cabinet session to demonstrate the level of commitment and progress in fully implementing the above resolution. , which contributes to accelerating the completion of its implementation.
3- Statement of the level of implementation related to the installation of electronic payment system devices, and the stages of progress in contracting with electronic payment companies at each level (ministries, entities not affiliated with a ministry, governorates).
4- Statement of the level of progress in the subject of procedures for inventorying and determining the services provided and their types, the amounts collected from citizens for each service, and setting a commission pricing policy for electronic payment services.
5- A statement specifying the minimum cash receipts through the electronic point-of-sale (POS) system by the relevant sectoral authorities, and presenting them to the Ministerial Council for the Economy as a condition for renewing work licenses or licenses to practice professions.
6- Determining completion rates with regard to obliging all owners of commercial activities to register their entities in the commercial registry, and registering professions with the competent sectoral authorities.
7- Statement of the extent of the Ministry of Labor and Social Affairs’ commitment regarding obliging the Workers’ Retirement and Social Security Department to pay social security amounts through the electronic point-of-sale system.
8- A statement of the measures taken regarding government agencies imposing additional fees (a maximum of 5%) for the value of goods and services in cash transactions with their counterparts paid through electronic payment systems; Encouraging its use.
In the same vein, the draft Islamic Investment Sukuk Law was approved, which was reviewed by the State Council and referred to the House of Representatives based on the provisions of the Constitution, taking into account the observations of the Legal Department in the General Secretariat of the Council of Ministers.
The Council also approved the draft law on the Center for Banking Studies, which was reviewed by the State Council and referred to the House of Representatives, based on the provisions of the Constitution, taking into account the observations of the Legal Department in the General Secretariat of the Council of Ministers.
In appreciation of their role and the service they provided in the fight against terrorism, the Council approved the import of a personal vehicle (lower model) for officers who will be referred to retirement, employees of the Ministry of Interior, as an exception to the amended Cabinet Resolution (215 of 2009), taking into account the opinion The Legal Department of the General Secretariat of the Council of Ministers, and this decision is effective as of the date of its issuance.
Within the framework of working to improve the performance of the security forces, the Council agreed to allocate the Ministry of Finance (25) billion dinars to the Ministry of Interior from the emergency reserve, to meet the needs and requirements of the Border Forces Command, to complete fortifications on the borders with neighboring countries to control the security of the border strip and reduce cases of smuggling and infiltration. The contract is excluded from the contracting methods stipulated in Article 3 of the Instructions for Implementing Government Contracts.
In order to prepare the requirements for the electoral process in the region, the Council agreed to the following:
1. Transferring the amount of (43,769,149,000) dinars within the budget of the Independent Election Commission from the provincial council elections program to the elections account for the Parliament of the Kurdistan Region of Iraq, based on the provisions of Article (5) of the Federal General Budget Law for the year 2023, and transferring the amount of the difference amounting to (25,460,851,000) dinars from The emergency reserve allocated within the budget of the Kurdistan Region, and its addition to the budget of the Independent High Electoral Commission for the year 2023 towards the account of the Kurdistan Regional Parliament elections.
2. Authorizing the Chairman of the Board of Commissioners of the Independent Election Commission to supervise the work of the Kurdistan Regional Parliament elections.
It was also approved that the Ministry of Finance would finance the Iraqi Kurdistan region with an amount of (5,562,149,000), only five billion five-five and sixty-two million one hundred and forty-nine thousand dinars, from the remaining amount of emergency reserve allocations to the Kurdistan region in the year 2023 to implement the recommendation of the Supreme National Water Committee to resolve Drought and flood problems in the Kurdistan region of Iraq.
The session witnessed the approval of the recommendations of the minutes of the meeting discussing the powers of the Ministry of Planning, regarding establishing controls to facilitate the implementation of projects that were accompanied by deviations from implementation plans and encouraging contracting parties to plan well and estimate project costs more accurately, according to the following:
1. The contracting party may increase the reserve amount for the contract by (7%) of the contract amount, not to exceed (7) billion dinars within the total cost of the project or work.
2. The Minister of Planning, upon a request from the head of the contracting entity, may increase the reserve amount for the project contract to more than (7%) and up to (12%) of the contract amount, with a total increase not exceeding (12) billion dinars.
3. The Ministerial Council for the Economy, based on a proposal from the Minister of Planning, may increase the contract reserve amount to more than (12%) and up to (15%) of the contract amount, with a total increase not exceeding (15) billion dinars.
4. The Minister of Planning, upon the request of the head of the contracting entity, may increase the amount of supervision and control by a percentage not exceeding (1%) over the percentage stated in the authority of the competent minister or the head of the contracting entity.
5. The Minister of Planning may support the launch of disbursement for investment businesses and projects financed by loans and grants within the budget of ministries and entities not affiliated with a ministry and governorates, and notify the Ministry of Finance of the disbursement.
6. The Minister of Planning, upon the request of the head of the contracting entity, may increase the total cost of projects as an exception to paragraphs (1), (2), and (3) above in the following cases:
A- Projects for settling accounts for completed and deleted projects.
B- Projects from which work was withdrawn for the purpose of implementation at the expense of the contractor in breach of his obligations.
C- Judicial decisions that are final.
D- Projects whose costs have been reduced and it appears that there are contractual obligations in them, not exceeding the amount of the reduction.
E- Projects that have been suspended for a period of no less than one year, which require the addition of complementary work components to resume work on them, up to a percentage of (50%) of the total cost of the project, not exceeding (15) billion dinars.
It was approved to exclude the area of (200) dunums, which is required to be allocated to the headquarters of the Ministry of Finance, from the area allocated in Council of Ministers Resolution (175 of 2019), and to reallocate it to the headquarters of the Ministry of Finance and its departments.
The Council of Ministers also approved the following:
1- Authorizing the Minister of Finance, or whomever she authorizes, to sign the loan agreement, the letters exchanged, written memorandums, and the minutes of discussions regarding the loan with the Japan International Cooperation Agency (JICA) or international export guarantee institutions; For the purpose of financing the Samawa Water Project, based on the provisions of (Article 2/Second) of the Federal Budget Law for the three fiscal years.
2. Approval of the financing conditions stated in the Ministry of Finance’s letter dated November 29, 2023.
In the energy sector, the recommendation of the Ministerial Council for Energy (23104) for the year 2023 was approved, according to the following:
-Approval to renew the two contracts No. (151 and 153) for supplying electrical power to the northern region for one year from the date of its expiration on October 31, 2023, according to the equation recorded in the letter of the Ministry of Electricity dated October 31, 2023, in the (take and pay) manner. With an energy capacity of (150-385) megawatts for the Kar Company, and an energy amounting to (400-800) megawatts for the Torres Narm Electric Power Production Company Ltd. (formerly Qaywan), with the two aforementioned companies bearing all taxes and fees, until obtaining the approval of the National Authority. To invest regarding the investment license, according to financial viability.
The recommendation of the Ministerial Council for Social Services (23030H) regarding the Al-Sadr Residential Complex was approved, according to the following:
1- The recommendation of the Ministerial Council for Social Services (23025KH) included what was stated in the recommendations of the audit committee formed in the Office of the Prime Minister, regarding what was stated in Paragraph (C/Second) of the recommendations stated in the minutes of the meeting of the Audit Committee on the subject of the research contained in the letter of the Office of the Prime Minister. The Council of Ministers, dated September 3, 2023, through the Ministry of Construction, Housing, Municipalities and Public Works taking stock of the reality of the project, preparing updated tables of quantities that include the additional remaining items, addressing the depreciations, evaluating the origin and including or re-listing it within the investment budget of the Ministry of Construction, Housing, Municipalities and Public Works, According to what was stated in paragraphs (1 and 2) of the aforementioned recommendation of the Ministerial Council for Social Services.
2. The Ministry of Immigration and Displacement offered to terminate the contract for the aforementioned project by consent to the contractor, and if he refused, it would resort to judicial termination of the contract according to the provisions of the contract, taking into account the opinion of the Legal Department in the General Secretariat of the Council of Ministers.
Also, the Ministerial Council for the Economy’s Recommendation No. (230281) regarding residential complex projects to be implemented through investment was approved, according to the following:
1. Approval to extinguish the amortization amounts recorded in the letter of the Ministry of Construction, Housing, Municipalities and Public Works dated August 7, 2023, out of the allocations for investment projects listed for the year 2023, and then they will be deleted from the investment curriculum of the aforementioned Ministry after referring them to investment in accordance with the Investment Law. Providing the relevant investment bodies with details.
2. The Ministry of Construction, Housing, Municipalities and Public Works shall bear the truth and accuracy of the issue of extinctions and their amounts, provided that the investment license for the projects in question is granted by the competent investment authority in accordance with Council of Ministers Resolution (245 of 2019) amended by Council of Ministers Resolution (23374 of 2023), taking into account Attention is given to the opinion of the Legal Department in the General Secretariat of the Council of Ministers.
The recommendation of the Ministerial Council for the Economy was also approved, which includes approval to amend the wages of the head and members of the Estimation Authority to be no more than 50 thousand dinars paid by the possessor for each property.
On the administrative side, the Council agreed to the following:
1- Wasit Governorate is responsible for investigating how the investor initiated the implementation of the Jasmine Garden residential project on the property numbered (1/197m 38 Umm Halil) Wasit/Al Kut, without signing the investment project contract.
2. The National Investment Authority is responsible for amending the effective investment system by adding a text indicating that the system (7 of 2010) will remain in effect before the amendment and after the amendment for investment projects that have obtained an investment license under the entry into force of each of them.
[You must be registered and logged in to see this link.]
Yesterday at 7:30 am by Rocky
» utube 5/4/24 MM&C Iraq Dinar- IQD Update - No Float of Exchange Rate - Budget -2024 - Schedules -
Yesterday at 7:29 am by Rocky
» “Services” asks the Central Bank about billions of foreign banks in Iraq
Yesterday at 7:27 am by Rocky
» Central Bank: Iraqi banks still face challenges in complying with international laws and standards
Yesterday at 7:24 am by Rocky
» Parliamentary bloc: The Central Bank offers hard currency to “mafias” on a golden platter.. The Suda
Yesterday at 7:20 am by Rocky
» The Iraqi Central Auction witnesses a rise in foreign remittances to $267 million
Yesterday at 7:19 am by Rocky
» Wednesday.. The session to elect the President of the Iraqi Parliament is heading towards “Al-Issawi
Yesterday at 7:14 am by Rocky
» The Union of Arab Banks proposes 4 “important” points for Iraqi banks to meet compliance standards
Yesterday at 7:12 am by Rocky
» In the document... the Central Bank decides to return the “Al-Mal” Bank to work... in this case
Yesterday at 7:08 am by Rocky
» The Iraqi-American agreements and cooperation were the most prominent topics of Al-Araji and Romanow
Yesterday at 7:06 am by Rocky
» Al-Hakim meets a joint delegation of resolve and sovereignty and renews the call to hold a session t
Yesterday at 7:05 am by Rocky
» Nearly one billion dinars were recovered and 3 million liters of fuel intended for smuggling in Iraq
Yesterday at 7:03 am by Rocky
» Al-Sudani and the European Union ambassador discuss issues of economic partnerships, civil aviation,
Yesterday at 6:59 am by Rocky
» More than 950 million dinars... petroleum products announced their recovery
Yesterday at 6:57 am by Rocky
» Forming a committee to follow up on stopping the sale of the dollar to travelers
Yesterday at 6:54 am by Rocky
» The Minister of Justice visits Al-Muthanna Governorate to discuss mechanisms for developing judicial
Yesterday at 6:52 am by Rocky
» Agriculture: Farmers who were affected by the recent rains will be compensated
Yesterday at 6:51 am by Rocky
» Al-Rasheed issues a warning regarding applying for advances and loans
Yesterday at 6:49 am by Rocky
» Al-Rafidain announces the implementation of the comprehensive banking system in its main branch
Yesterday at 5:24 am by Rocky
» Al-Rasheed warns of offices and pages claiming to promote the Salaf
Yesterday at 5:22 am by Rocky
» Adviser to the Prime Minister: There are no conflicts in the route of the Baghdad Metro
Yesterday at 5:19 am by Rocky
» Al-Sudani: We are keen to develop the work of the TBI Bank and address the problems it faces
Yesterday at 5:18 am by Rocky
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
Yesterday at 5:17 am by Rocky
» “The shocks have changed.” The Governor of the Central Bank explains the impact of the openness of I
Yesterday at 5:16 am by Rocky
» The President of the Association of Private Banks sends an “important” invitation to the Central Ban
Yesterday at 5:15 am by Rocky
» Al-Alaq: The Iraqi banking sector has witnessed significant qualitative developments in response to
Yesterday at 5:12 am by Rocky
» On behalf of Al-Sudani, the Minister of Planning sponsors the signing ceremony of a memorandum of un
Yesterday at 5:11 am by Rocky
» The Iraqi Travel Companies Association participates in the Arab Travel Market Exhibition
Yesterday at 5:10 am by Rocky
» The start of the work of the Iraqi-Jordanian Economic Forum
Yesterday at 5:07 am by Rocky
» Integrity Commission at the Arab Anti-Corruption Convention Conference
Yesterday at 5:06 am by Rocky
» Election of the Speaker of Parliament between amendment and disruption
Yesterday at 5:05 am by Rocky
» Plans to increase the real estate bank's capital
Yesterday at 5:03 am by Rocky
» The Central Bank sells more than $276 million in the currency auction
Yesterday at 5:02 am by Rocky
» Advisor to the Prime Minister: We are heading towards a complete transformation of the electronic pa
Yesterday at 5:01 am by Rocky
» Savings and financial inclusion
Yesterday at 5:00 am by Rocky
» Agriculture expects to market 6 million tons of wheat
Yesterday at 4:58 am by Rocky
» Al-Sudani chairs the first meeting of the Supreme Committee for Restructuring the Government Apparat
Yesterday at 4:57 am by Rocky
» Al-Sudani receives an official invitation to participate in the United Nations Climate Change Confer
Yesterday at 4:55 am by Rocky
» "Baghdad Today" in the southern refineries: The Azmara unit will reduce imported gasoline and hard c
Yesterday at 4:54 am by Rocky
» Al-Sudani stresses the importance of supporting the pillars of food security
Yesterday at 4:51 am by Rocky
» Kurdistan is an important oasis for investment. Security and economic stability eliminates the housi
Yesterday at 4:50 am by Rocky
» Politician: Comparing Al-Halbousi to Al-Maliki is not up for discussion
Yesterday at 4:46 am by Rocky
» The Kurdistan Democratic Party demands international supervision of the region's elections
Yesterday at 4:45 am by Rocky
» Al-Sudani heads to Italy next week on an official visit
Yesterday at 4:44 am by Rocky
» Warnings of challenges delaying budget approval, most notably the deficit
Yesterday at 4:43 am by Rocky
» The Ministry of Oil sets the launch date for the fifth and sixth licensing rounds
Yesterday at 4:41 am by Rocky
» Rafidain Bank announces the implementation of the comprehensive banking system in its main branch
Yesterday at 4:40 am by Rocky
» Central Bank Governor: The banking sector is witnessing major qualitative developments
Yesterday at 4:39 am by Rocky
» Economic: Neighboring countries do not import from Iraq for fear of fraud
Sun 05 May 2024, 10:43 am by Rocky
» The Central Bank of Iraq sells more than $276 million in currency auction
Sun 05 May 2024, 9:16 am by Rocky
» Agreement on the presidency of Parliament: Did Al-Halbousi win?
Sun 05 May 2024, 7:09 am by Rocky
» Because of his corruption... Al-Karawi calls for Al-Halbousi to be held accountable
Sun 05 May 2024, 7:08 am by Rocky
» Al-Shammari: The American presence in Iraq has no legal cover
Sun 05 May 2024, 7:06 am by Rocky
» A story titled: Al-Fartusi, the Iraqi ports, and the 160 Committee
Sun 05 May 2024, 7:04 am by Rocky
» The Minister of Finance of the Kurdistan Region expects the date of Baghdad’s sending of salaries fo
Sun 05 May 2024, 7:03 am by Rocky
» What is the importance of conducting a pilot population census in Iraq?
Sun 05 May 2024, 7:01 am by Rocky
» The start of the meetings of the sixth session of the joint Iraqi-Iranian committee in Tehran
Sun 05 May 2024, 6:58 am by Rocky
» The budget schedules did not reach the Council of Ministers
Sun 05 May 2024, 6:54 am by Rocky
» The Minister of Planning directs the installation and operation of gold screening units at Iraqi air
Sun 05 May 2024, 6:52 am by Rocky
» Government advisor: Collections will shift almost completely to electronic payment in the middle of
Sun 05 May 2024, 6:51 am by Rocky
» A politician accuses the American embassy of attracting parties inside Iraq to confuse the situation
Sun 05 May 2024, 5:07 am by Rocky
» Deputy: The anti-prostitution law blocks the way for destructive ideas
Sun 05 May 2024, 5:06 am by Rocky
» State of Law: A political agreement to resolve the position of Speaker of Parliament...these are its
Sun 05 May 2024, 5:05 am by Rocky
» Kurdistan Parliament elections.. The insistence of the two parties intensifies and an international
Sun 05 May 2024, 5:04 am by Rocky
» Jordan considers Iraq one of its "most important" main partners in the investment field
Sun 05 May 2024, 5:02 am by Rocky
» Advisor to the Prime Minister: Iraq is a fertile environment for projects, and there is an expansion
Sun 05 May 2024, 5:01 am by Rocky
» Parliament is close to approving the renewable energy project law
Sun 05 May 2024, 5:00 am by Rocky
» The delay surrounds five Iraqi ministries.. What is the relationship with the budget?
Sun 05 May 2024, 4:58 am by Rocky
» Basra Council threatens: We will not accept unreliable companies to work in Qurna service projects
Sun 05 May 2024, 4:57 am by Rocky
» Iraq intends to convert collections to electronic payment in mid-2024
Sun 05 May 2024, 4:54 am by Rocky
» Parliamentary Committee: 5 ministries whose completion rates are “low”
Sun 05 May 2024, 4:53 am by Rocky
» Completion of the five-year national development plan 2024-2028
Sun 05 May 2024, 4:51 am by Rocky
» Investment opportunities in the ancient city of Ur
Sun 05 May 2024, 4:50 am by Rocky
» Today.. Baghdad hosts leading scientists and researchers in the field of artificial intelligence
Sun 05 May 2024, 4:49 am by Rocky
» Conditions and horrors
Sun 05 May 2024, 4:47 am by Rocky
» Democratic conditions threaten Kurdistan elections and embarrass the Commission
Sun 05 May 2024, 4:46 am by Rocky
» “Consensus” disrupts laws in parliamentary culture
Sun 05 May 2024, 4:44 am by Rocky
» Iraq celebrates “World Press Freedom Day”
Sun 05 May 2024, 4:43 am by Rocky
» Including Iraq... five countries possess more than 1,000 tons of gold
Sun 05 May 2024, 4:41 am by Rocky
» Davos is between two stations, is Iraq the third?
Sun 05 May 2024, 4:40 am by Rocky
» Specialists: The food basket was a buffer to mitigate the blow of high prices
Sun 05 May 2024, 4:39 am by Rocky
» Al-Rafidain Bank announces the implementation of the comprehensive banking system in its Hindi branc
Sun 05 May 2024, 4:34 am by Rocky
» Learn about the proposed law replacing punishment with financial sums
Sun 05 May 2024, 4:33 am by Rocky
» With the beginning of summer... poor services and a spiral of crises afflict the citizens of Kurdist
Sun 05 May 2024, 4:30 am by Rocky
» A new scandal involving one of the “ten promising companies in Basra”... the Iraqi Plain strikes con
Sun 05 May 2024, 4:29 am by Rocky
» With a package of files... Barzani to Tehran and Talabani to Washington next week
Sun 05 May 2024, 4:28 am by Rocky
» An expert reveals the size of the "gas gap" in Iraq: Achieving sufficiency within 3 years is very di
Sun 05 May 2024, 4:25 am by Rocky
» To reach an agreement on 10 memorandums...the start of the meetings of the sixth session of the Iraq
Sun 05 May 2024, 4:24 am by Rocky
» The dollar is declining slightly against the Iraqi dinar in local markets
Sun 05 May 2024, 4:22 am by Rocky
» Deputy: 4 factors hinder Iraqi development.. one of them is a 90% reduction - urgent
Sun 05 May 2024, 4:21 am by Rocky
» Revealing the reason for its delay.. Elekti sets the date for sending the salaries of Kurdistan Regi
Sun 05 May 2024, 4:19 am by Rocky
» The Iraqi development road project, ambitions and expected challenges
Sun 05 May 2024, 4:18 am by Rocky
» Laws were enacted but did not find their way into implementation
Sun 05 May 2024, 4:16 am by Rocky
» Iraq: Political withdrawals hamper the work of Parliament
Sun 05 May 2024, 4:14 am by Rocky
» The continued fluctuation of the dollar exchange rates worries traders and citizens
Sun 05 May 2024, 4:13 am by Rocky
» Vice: Nour Zuhair and his companions manage Iraqi ports
Sun 05 May 2024, 4:10 am by Rocky
» The President of the Kurdistan Region visits Tehran today and meets with senior Iranian officials
Sun 05 May 2024, 4:08 am by Rocky
» Al-Maliki confirms Iraq's openness to all countries of the world
Sun 05 May 2024, 4:07 am by Rocky
» The World Bank is preparing to issue a human capital report in Iraq
Sun 05 May 2024, 4:06 am by Rocky