More Iraqi News Monday PM 7-26-21
More Iraqi News Monday PM 7-26-21
TLM724 Administrator BondLady’s Corner
Biden And Al-Kazemi Will Sign An Agreement That Officially Ends The Combat Missions Of US Forces In Iraq
Political | 02:20 - 07/26/2021 Baghdad - Mawazine News US President Joe Biden and Iraqi Prime Minister Mustafa Al-Kazemi will sign an agreement officially ending the combat missions of US forces in Iraq by the end of 2021, more than 18 years after sending US forces to the country.
With the decision to withdraw the last US troops from Afghanistan by the end of August, the Democratic president concludes US combat missions in the two wars started by former President George W. Bush.
It is scheduled to meet Biden and Al-Kazemi in the Oval Office in the first direct talks between them as part of a strategic dialogue between the United States and Iraq.
A statement will be issued after the meeting to announce the end of US combat missions in Iraq, a senior Biden administration official said. There are currently about 2,500 American soldiers in Iraq, whose tasks are focused on confronting the remnants of the terrorist organization ISIS.
And the US role in Iraq will change completely to being limited to training and advising the Iraqi army. The shift is not expected to have little effect because the United States has already begun to focus on training Iraqi forces.
A US-led coalition invaded Iraq in March 2003 on accusations that the government of President Saddam Hussein possessed weapons of mass destruction. Saddam was ousted from power, but such weapons have never been found. In recent years, the US mission has focused on helping defeat ISIS militants in Iraq and Syria. https://www.mawazin.net/Details.aspx?jimare=161735
Iraq Renews Its Desire To Open Up To The International Community, Both Economically And Commercially
Political | 04:48 - 26/07/2021 Baghdad - Mawazine News,Secretary-General of the Council of Ministers, Hamid Al-Ghazi, discussed, on Monday, with the Italian ambassador to Iraq, the results of the Prime Minister's visit to Rome, while stressing the government's desire to open up to the international community, economically and commercially.
A spokesman for the General Secretariat of the Council of Ministers, Haider Majid, said in a statement received by Mawazine News that "Al-Ghazi met the Italian ambassador to Iraq, and discussed with him the results of Prime Minister Mustafa Al-Kazemi's visit to the Italian capital, Rome."
He pointed out that "the Secretary-General of the Council of Ministers renewed, during the meeting, the Iraqi government's desire to open up to the international community in the economic and commercial fields." Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=161761
At A Price Exceeding $ 70 A Barrel.. Oil Announces The Outcome Of Monthly Crude Export Imports
Pratha News Agency99 2021-07-26 Today, Monday, the Ministry of Oil announced the monthly crude export earnings, noting that the selling price amounted to more than $70 a barrel. http://burathanews.com/arabic/economic/396804
Iraq And Kuwait Are Discussing The Possibility Of Establishing A Joint Trade Zone
Pratha News Agency84 2021-07-26 The Minister of Planning, Khaled Battal Al-Najm, discussed today, Monday, with the Kuwaiti ambassador to Baghdad, the possibility of establishing a joint commercial zone between the two countries.
The Ministry of Planning said in a statement that the star "met the Ambassador of the State of Kuwait in Iraq, Salem Ghasab Al-Zamanan, to discuss aspects of joint cooperation between the two brotherly countries in the economic, commercial and investment aspects."
The statement indicated that "the meeting discussed the possibility of establishing a joint commercial zone between Iraq and Kuwait, and the establishment of two hospitals in Nineveh with a capacity of 600 beds, and another in Al-Rumaitha in the Muthanna Governorate, with a capacity of 200 beds, funded by the Kuwait Development Fund." http://burathanews.com/arabic/news/396829
An Expert Determines The Criteria For Attracting Foreign Investment
Monday 26 July 2021 95 Baghdad: Haider Al-Rubaie The economic expert, Dr. Sattar Al-Bayati, stressed that the success of the investment process in any country depends on several factors, some of which are tangible, such as airports, ports, roads, energy and water sources, and means of communication, and the other is a “legislative legal” package of laws and legislation that regulates the investment process.
Al-Bayati had earlier demanded, through Al-Sabah, the need to “achieve a package of measures through which it is possible to double the rates of sustainable development in Iraq, putting at the forefront of these measures the activation of foreign and local (national) investment, both public and private,” stressing that “the promotion and activation of The investment side in the country is necessary to contribute to the reconstruction process.”
Investment Environment
Al-Bayati told Al-Sabah: “In order to improve the investment environment in Iraq, there are a number of important criteria that foreign companies are looking for, which can be considered among the requirements of the investment climate or its elements, if available, that can help attract foreign investment.”
Al-Bayati pointed out that these criteria are represented in “political and security conditions and developments, which can be summarized in wars, tensions and other disturbances, which are usually factors that repel investment,” noting that “the conditions of peace, stability and reform, political, economic, and human rights, are factors that have an impact Positive in improving the investment climate.
Economic Factors
The economist noted, that “among the criteria that have a close relationship with foreign investments, are” economic stability, the size of the workforce, currency risks, the transfer of capital and its profits to the investor’s home (re-exporting capital), macroeconomic management, infrastructure and policies. business, tax rates and incentives.
The Legal Framework
Al-Bayati believes that the legal and legislative framework should be available, which includes laws regulating foreign investment, privileges, facilities and tax exemptions, explaining at the same time that among the criteria that have a close relationship with foreign investment, are the characteristics of the local market, represented by the size of the local market as well as wealth or purchasing power. of the population and the prospects for the growth of those variables and the growth of the economy as a whole.
He explained that one of the requirements of the attractive investment environment is the absence of financial and administrative corruption, which means the availability of an appropriate environment for business, as the presence of corruption causes high costs that will be borne by the investor, as well as an appropriate social environment, which means community discipline, and one of the priorities of this discipline is societal acceptance of the investor The foreigner, feeling the importance of his investments in the progress of the state and the welfare of society. LINK
International Companies Are No Longer Enthusiastic To Work In The Fields Of Iraq .. And The Minister Of Oil Is Sounding The Alarm 2021/07/22 18:40 Number of readings 2564 Section: File and Analysis
Baghdad / Obelisk: The CEO of the Russian Lukoil Company, Waheed Ali Kabirov, said Thursday, July 22, 2021, that the company may reduce its share in the Iraqi West Qurna 2 oil project, while Ihsan Abdul-Jabbar, the Iraqi Minister of Oil, described the climate on Sunday, July 4, 2021.
Investing in his country is considered unfavorable to retaining large investors.
And the head of the company, Vagit Alekperov, said, in response to a question about the company’s plans to sell a stake in the West Qurna 2 project: We have notified Iraq to sell part of our share, there are interested, I will not talk about the stake, so far the Iraqi Oil Ministry has refused because they are satisfied with the company’s work in Iraq
Therefore, we are continuing the negotiation processes to improve the economy in (West Qurna 2), especially in the Yamama reservoir, according to what was reported by Reuters.
The Oil Minister said that BP was considering the idea of withdrawing from his country, and that the Russian Lukoil Company had sent an official notice revealing its desire to sell its stake in the West Qurna-2 field to Chinese companies, according to Reuters.
He went on to say that the investment environment in Iraq is not suitable for maintaining large investors.
He pointed out that each investor is either looking for another market or looking for another partner.
Sources in the ministry stated that these statements were made by the minister during a parliamentary session on June 29.
Last April, the US company ExxonMobil offered its 32.7% stake in the West Qurna oil field in Iraq for sale to reduce the mountain of accumulated debts.
A Chinese company submitted a request to buy ExxonMobil's share in the field, but the Iraqi government refused, and demanded to wait for two months before accepting any offer submitted by other Chinese companies.
This is due to the Oil Ministry's desire that the alternative to the American company be Western or American companies, so that dealing with Chinese and Russian companies is not limited to the field.
A source in the Iraqi Oil Ministry attributed the company's desire to withdraw from work in Iraq, to the Corona pandemic, and the low demand for oil in the world, in addition to the fact that oil contracts in Iraq are difficult, and their profits are few, compared to other neighboring countries. Follow the obelisk – agencies
https://almasalah.com/ar/news/212572/شركات-عالمية-لم-تعد-متحمسة-للعمل-في-حقول-العراق--ووزير-النفط-يدق-ناقوس-الخطر
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