Home
The beginning of next July.. Trade launches the construction basket
Iraq 06/26/2024
[You must be registered and logged in to see this image.]
The Ministry of Commerce will begin launching the construction basket on the first of next July by opening a large mall in the Al-Dabash area in Al-Hurriya in Baghdad, which includes eight branches of reputable international companies.
Director of the General Company for Construction Materials Trading in the Ministry, Mujahid Muhammad Shafi Al-Aifan, told Al-Sabah: The basket includes 850 materials, which were prepared from the company’s warehouses, including rebar, electrical and sanitary materials, and ceramics.
He added that the first stage includes preparing low-income citizens, employees and nationalized retirees whose salaries are paid to Rafidain Bank as a result of allocating a credit portfolio for the construction basket, as the bank includes seven million subscribers, in addition to including the families of the martyrs, the wounded, and those covered by social care.
He added that the second stage includes including the salaries of other nationalized groups in the private banks approved by the Central Bank, the Rasheed Bank, the Iraqi Commercial Bank, the Industrial Bank, and the Iraqi National Bank.
Al-Aifan stated that the prices of the materials will be competitive with their counterparts in the local market and supported by the state, according to the official exchange rate of 132 thousand dinars per 100 dollars.
He pointed out that direct sales will take place through the opening of a large mall in the Al-Dabbash area in Al-Hurriya in Baghdad, with an area of 10,000 square metres, which includes eight branches of reputable international companies selling sanitary, electrical and ceramic materials. Marketing will also be done in two ways, the first through a fixed electronic application with the (UR) portal. ) in the National Data Center for the construction basket, installed on the mobile device for the purpose of delivering all services to citizens, in addition to shopping through direct sales at subsidized prices.
He stressed that all materials are exemplary and high quality with approved specifications and are subject to laboratory examination by the Standardization and Quality Control Authority, pointing out that a new plan has been prepared to open other malls in all districts and governorates at competitive prices.
Al-Aifan noted that the basket also includes types of loans, which are 3 million dinars for the purpose of including social care for those who receive an emergency grant between 120-125 thousand dinars per month, and a convenient installment mechanism for 36 months. As for the other categories, the loan includes 25 million dinars in installments for 60 months. Without interest and in accordance with the approved controls and instructions, instead of interest, a percentage of 3 percent is deducted, of which 1 percent is borne by the company, and 2 percent is a fixed percentage paid as wages and
banking services.
He continued that contracts were concluded with local companies to supply large quantities of iron from the factories of the Kurdistan region and the iron and steel factory in Basra after setting prices and conducting checks by the standardization and quality control agency.
Edited by: Ali Mowafaq
[You must be registered and logged in to see this link.]
» Intensive US movements on the Iraqi-Syrian border.. Where is the situation heading? - Urgent
» Iraqi Minister of Water Resources speaks to Al Jazeera Net about solutions to the water crisis
» utube MM&C 9/26/24 Iraq Dinar News-Iraq Plans Redenomination of Currency-Value of it Related-Elect
» utube 9/28/24 MM&C IQD Update News -Iraq PM - $83 Billion 3 Years - Stability - Global Contracts -
» Iraqi Foreign Ministry: Expanding the scope of war in the region leads to serious consequences
» /Information/ reveals the location of the Rafidain Bank robbers in Ramadi
» Al-Sudani Office for /Al-Maalouma/: Foreign workers threaten graduates
» Foreign Minister invites his Venezuelan counterpart to visit Baghdad
» "Government" real estate loans with amounts up to 150 million dinars.. Conditions and details
» Setting a date to launch 102 investment opportunities in Iraq
» Bitcoin Set to Post Best September Ever on Rate Cut
» What is the truth about the existence of a naval embargo imposed on Iraq?
» More than $70 million in Iraqi imports of Indian tea
» Oil price decline: Impact hits new groups in Iraq
» Parliamentary Finance to NINA: The decline in global oil prices will not affect employees’ salaries
» Al-Hakim: Investing in tourism as one of the sources of financial revenues for the state
» From Najaf Al-Ashraf.. The Minister of Labor announces the completion of the procedures for issuing
» Parliamentary Finance to NINA: The decline in global oil prices will not affect employees’ salaries
» 19,000 dinars difference from the official price.. The dollar falls slightly in Baghdad
» Al-Asadi: We call on citizens to invest in the retirement and social security law
» “Worth $4 billion”: Iran exports engineering services to Iraq
» US, Iraq agree to end 'alliance' in September 2025
» New tax will push house prices up, Iraq's real estate market into recession
» It is black and includes Iraq.. Netanyahu waves the “curse map” before the United Nations
» “The wiretapping scandal” complicates the political scene.. The second term is far from Al-Sudani
» Suspicions surround hospital projects.. Is corruption hindering the Chinese agreement in Iraq?
» Statement issued by the media office of Dr. Iyad Allawi
» Faeq Zidane: The jurisdiction of law and judiciary is a constitutional and legal jurisdiction
» Sudanese arrives in Baghdad
» Planning: Completion of 70% of inventory and numbering work in Kirkuk
» Rafidain Bank announces granting real estate loans to three categories
» Dollar price today
» Netanyahu enters with maps and attendees leave the General Assembly session.. What did he mention Ir
» The historic agreement on international withdrawal... a turning point in the path of Iraqi sovereign
» Includes citizens, employees and retirees.. A real estate loan from Rafidain worth 150 million dinar
» Does it include an American withdrawal? Two important indications in the statement "ending the missi
» Dollar exchange rates drop in Iraqi stock exchanges
» Will the drop in oil affect only employees' salaries or all segments of society?
» North Carolina removes 747,000 from voter rolls
» The full extent of the Biden-Harris criminal alien invasion REVEALED
» utube 9/24/24 MM&C Iraqi Dinar News-IRAQ-INTERNATIONALISM NY-2023 to 2029 Road Map - Social- Finan
» Hanoun calls for benefiting from the Chinese economic experience and linking the Silk Road between t
» Gulf-American statement directs a strict request to Iraq
» Conflict escalates in the Middle East, warning of Iraq slipping deeper into confrontation
» EU 'concerned' over increasing executions in Iraq
» Mustafa Sand: The judiciary has proven the “wiretapping” issue, and Al-Sudani’s brother is involved
» Parliamentary Committee Talks in Numbers About Iraq’s Water Crisis with Türkiye and Proposes a Solut
» Why did the Central Bank hesitate to implement the measures taken against Iraqi private banks?
» US State Department: Announcement of agreement on the future of the international coalition from Ira
» Housing Crisis in Iraq: “Ambitious” Government Plans and Fears of Monopoly
» Will privatization save Iraq's economy or open the door to corruption?
» Parliament: Agreement with the regional government to review its oil contracts to adapt them constit
» Interior Minister: Iraq is free of drug factories
» Anbar Alliance: Halbousi clings to power because he fears opening major files against him
» Rising prices of oil derivatives in Kurdistan.. reasons and goals
» Economist calls on the government to resort to tax exemption
» Iraqi Oil Company for Investment and Pricing of Raw Gas Produced
» Increase in activity at Mandali border crossing during the current year
» MP: New cities map will include eight governorates next year
» The Ministry of Finance confirms that the employee is entitled to university service allowances whil
» Media Commission and Starlink discuss cooperation prospects to provide internet services in Iraq
» Prime Minister: Iraq is witnessing an urban and economic renaissance and revitalization of the indus
» Kurdistan Finance announces the results of its delegation's recent visit to Baghdad
» "We will guarantee your rights".. A specialized committee reassures the drilling company's cadres af
» Iraq discusses cooperation with SpaceX to provide internet services
» Among them are young people.. the most prominent groups included in the distribution of housing unit
» Labor announces the direct transfer of 12 thousand beneficiaries to contracts in the Ministry of Int
» Al-Samarrai praises Al-Sudani’s speech before the United Nations: It is worthy of Iraq, its history
» Iraqi expert raises the principle of "no return" in Lebanon: We are facing the hypocrisy of the larg
» New tax will push house prices up, Iraq's real estate market into recession
» Iraqi oil returns to the red zone, affected by the collective decline in prices
» “Iraq at a Crossroads”… Will Climate Change Become an Opportunity for Innovation and Sustainability?
» Masrour Barzani to Parliamentary Finance: Halting oil exports caused Iraq to lose $19 billion
» 1291 projects stuck in Iraq.. achievements on paper and ruins on the ground!
» Violated Childhood.. Iraq suffers from the absence of law and the continuation of the cycle of viole
» Chinese Ambassador: We are determined to provide support to Iraq regarding armament and developing m
» Activating electronic services in the presidencies of the courts of appeal
» Trump threatens to turn Iran's largest cities into rubble.. Iraqi expert explains
» Parliamentary Finance Delegation Visits Kurdistan.. Salaries, Oil and Ports Files on the Table of Ba
» Iraqi bank achieves “achievement” in electronic transactions
» State of Law: The coming days are fateful for America and its interests in the region
» Iraq announces sending 75 tons of medical aid to Lebanon by air
» Economist reveals reasons for the return of the dollar's rise in Iraq
» Conflict escalates in the Middle East, warning of Iraq slipping deeper into confrontation
» Labor announces the direct transfer of 12 thousand beneficiaries to contracts in the Ministry of Int
» Faeq Zidane: The jurisdiction of law and judiciary is a constitutional and legal jurisdiction
» Iraq signs with Jordan the second amendment to the electricity sales contract
» US-Gulf meeting stresses importance of Iraq's respect for Kuwait's sovereignty
» New information about "the arrival of 40,000 Iraqi and Yemeni fighters to the Golan"... and Assad is
» 71,000 barrels per day.. Iraqi oil exports decreased last month
» Does the “Right to Information” Law restrict freedoms? Why weren’t journalists involved in its formu
» Zidane: The judiciary considers issues of a political nature imposed by the constitution and the law
» Engineers apply new tech to model deadly brain tumors
» Iraqi banks cause citizens to “reluctantly” take out loans to purchase solar energy systems for home
» What are the reasons behind the "weakness" of imports of goods from Iraq?
» Iran announces exporting $4 billion worth of technical engineering services to Iraq
» Social Protection: Red tape hinders access to support, Ministry of Labor adopts new initiatives
» Parliamentary Committee: There are people controlling investment in Iraq