Al-Sudani stresses the need for private sector companies to adhere to the retirement and social secu

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[size=52]Al-Sudani stresses the need for private sector companies to adhere to the retirement and social security law[/size]

[size=45]Prime Minister Mohammed Shia Al-Sudani stressed the need for private sector companies to adhere to the Retirement and Social Security Law.[/size]
[size=45]According to a statement from his office, Al-Sudani chaired today “a meeting of the Council of Ministers of Economy, during which the main decisions related to economic affairs will be discussed, and work will be done within a specific basic framework specific to the financial and administrative reform guaranteed by the government program.”[/size]
[size=45]The Prime Minister stressed the “necessity of private sector companies’ commitment to the retirement and social security law for workers, in order to develop their care in this sector, and increase the number of insured persons,” stressing the “importance of carrying out real reforms, and directing resources in the right direction, so that dependence on oil revenues as the sole source of income does not continue, and to meet the requirements of the operational investment budget.”[/size]
[size=45]The Business Council of the Diwani Order Committee (24573 in 2024) discussed studying the economics of oil and gas in the country, leading to the adoption of showing the real costs along the major value chain, according to economic foundations, according to the statement.[/size]
[size=45]During the meeting, it was decided to prepare a mechanism for marketing petroleum products expected to increase in the following year, and to audit the quantities of petroleum derivatives prepared for factories and plants by the Financial Supervision Bureau, in addition to knowing the size of the current support for factories, and the amount of benefit achieved from it, in addition to evaluating factories according to their actual productivity and production capacity.[/size]
[size=45]It was also decided that advanced government support for companies would be based on products, the number of guaranteed workers, and the factory’s ability to export according to a specific mechanism. A committee was formed that included the Ministries of Oil Industry, Investment Authority, and National Security for factory owners and to verify information. It was also decided, during the meeting, to grant brick factories a period of one and a half years to convert their accreditation from black oil to liquid gas.[/size]
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