Iraq Economic News and Points to Ponder Thursday Afternoon 4-17-25
Parliament's Finance Committee Expects The 2025 Budget To Be Unavailable At This Time: Its Deficit Will Reach 60 Trillion Dinars.
Local | 10:09 - 04/17/2025 Mawazine News – Baghdad Parliament's Finance Committee said on Thursday that it is unlikely that the 2025 budget will be submitted at the present time, while it expected its deficit to be 60 trillion dinars.
Committee member Jamal Koujar said, according to the official newspaper: "We expect that the current year's general budget tables will not reach parliament at the present time, due to the decline in oil prices, as it was based on a price of $70 per barrel."
He stressed that "if the old price is adopted, the deficit will be around 60 trillion dinars, in addition to an actual deficit accumulated from the past two years." https://www.mawazin.net/Details.aspx?jimare=260794
Iraq And The United States Of America Discuss Strengthening Bilateral Relations In Various Fields
Thursday, April 17, 2025 10:21 PM | Politics Number of readings: 16 Baghdad / NINA / The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Mohammed Hussein Mohammed Bahr Al-Uloom, received at the ministry's headquarters in Baghdad the Deputy Chief of the US Mission to Iraq, Elizabeth Trudeau, and her accompanying delegation.
A statement by the Ministry of Foreign Affairs stated that during the meeting, ways to enhance bilateral relations between Iraq and the United States in various fields of common interest were discussed.
Bahr Al-Uloom stressed Iraq's keenness to develop frameworks for bilateral cooperation, especially in the fields of energy, electricity, economy, education, health, technology transfer, and capacity building.
He pointed to the importance of the meetings of the Higher Coordination Committee emanating from the Strategic Framework Agreement, calling for expediting their convening and activating new cooperation mechanisms that embody mutual interests and the progress Iraq is witnessing in the security, economic, and development fields.
The two sides also discussed the importance of exchanging official visits between the two countries, given their role in strengthening ties of cooperation, in addition to discussing the ongoing preparations for a number of upcoming visits.
Trudeau expressed the United States' readiness to enhance bilateral cooperation, affirming her government's commitment to supporting the Iraqi government's efforts, and praising Iraq's active role in consolidating stability in the region. /End https://ninanews.com/Website/News/Details?key=1198429
Reconstruction: World Bank Financing Of Projects Will Create Jobs And Support The Private Sector
Reconstruction and construction Economy News – Baghdad The Ministry of Construction and Housing confirmed on Thursday that the World Bank's facilities will contribute to improving public services in remote and deprived areas, while explaining that the World Bank's financing of projects will create job opportunities and support the private sector.
“The World Bank’s provision of project financing facilities will contribute to expanding the scope of reconstruction with infrastructure services, such as the construction and rehabilitation of water purification plants and sewage treatment plants, as well as road projects, especially in areas that have not been previously implemented and that need these services,” said ministry spokesman Nabil Al-Saffar in an interview followed by “Al-Eqtisad News.”
He pointed out that “they contribute to improving public services, especially in remote and deprived areas or those affected by wars and terrorist operations.”
He added, "These projects contribute to creating job opportunities and supporting the private sector by providing financing and supporting economic reforms in the country." He noted that "an agreement was previously concluded between the Iraqi government and the World Bank for Reconstruction and Development in 2015 to reconstruct areas affected by terrorist operations."
He explained that, "according to this agreement, 20 projects were completed, distributed among 20 districts and sub-districts within three governorates (Salah al-Din, Diyala, and Anbar), including the rehabilitation of water and sewage stations, with the number of beneficiaries reaching approximately 3 million people, in addition to a number of projects to equip specialized equipment for the municipal, water, and sewage sectors." https://economy-news.net/content.php?id=54542
Oman Offers Iraq Cooperation In Ports And Airports Through Investment.
Buratha News Agency1442025-04-17 Prime Minister Mohammed Shia al-Sudani received Omani Minister of Transport, Communications and Information Technology Said bin Hamoud al-Maawali on Thursday, with the latter offering cooperation in the ports and airports sectors through investment.
A statement from his office stated that "Prime Minister Mohammed Shia al-Sudani received today, Thursday, the Omani Minister of Transport, Communications and Information Technology, Said bin Hamoud al-Maawali."
According to the statement, Al-Sudani expressed his "welcome to the Omani minister, sending his greetings to the Sultan of Oman," noting "the progress and advancement of the level of development, the labor sector, and investments in Iraq, including the communications sector, thanks to the political, security, and social stability and economic renaissance the country is witnessing."
The Prime Minister stressed that "the many commonalities between Iraq and the Sultanate of Oman provide an opportunity to develop economic and investment cooperation between the two countries."
For his part, Al-Maawali praised "what has been achieved in Iraq on various fronts and reviewed the results of his discussions in Baghdad, affirming the readiness of his country's public and private sectors to cooperate with Iraq in the field of the digital economy and digital government. He also expressed his country's willingness to cooperate in the ports and airports sectors by investing in projects related to various Iraqi airports." https://burathanews.com/arabic/news/458947
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