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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

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    Foreign Minister warns of major and dangerous economic repercussions

    Rocky
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    • Post n°1

    Foreign Minister warns of major and dangerous economic repercussions Empty Foreign Minister warns of major and dangerous economic repercussions

    Post by Rocky Tue 05 Nov 2024, 5:12 am

    [size=38]Foreign Minister warns of major and dangerous economic repercussions[/size]


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    November 4, 2024[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala: Deputy Prime Minister, Minister of Foreign Affairs, and Chairman of the Ministerial Council for the Economy, Fuad Hussein, confirmed that the political and security situations facing the region directly affect the Iraqi economy, while he pointed out that any security tension will have major repercussions in the fluctuation of oil prices and the instability of local and global markets.
    A statement by the Foreign Ministry stated that Hussein, “on Monday, November 4, 2024, chaired the thirty-third session of the Ministerial Council for the Economy, which was held in the Council building in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture and Industry, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Chairman of the Securities Commission, and the Prime Minister’s advisors for economic and legal affairs. The Council also hosted the Undersecretary of the Ministry of Planning for Technical Affairs.”
    The session was devoted, according to the statement, to “discussing the financial and economic reality in Iraq in light of internal and external challenges, especially regional conflicts and their impact on the Iraqi economy. The Council reviewed a presentation by the Undersecretary of the Ministry of Planning on the reality of investment projects in Iraq, whether completed or under construction, and the financial obligations associated with them.”
    The Council also listened to “working papers presented by the ministers that included the main challenges facing the Iraqi economy in its financial and economic aspects. The Council discussed the rates of the state’s general revenues from oil and non-oil sources, and the rates of spending and financial obligations incurred by the government.”
    The Council members presented “a presentation on the reality of the work of their ministries and agencies, and put forward proposals to maximize revenues to support the general budget, which would contribute significantly to driving the economy and development towards growth.”
    The Council Chairman pointed out that “the political and security situations facing the region directly affect the Iraqi economy, and that any security tension will have major repercussions in the fluctuation of oil prices and the instability of local and global markets.”
    The Council agreed to “take the necessary measures and important economic decisions that contribute to the stability of the Iraqi market after completing the discussions and exchanging opinions and working papers submitted by the Council members.”
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