Sunday PM Iraq Economic News Highlights 7-10-22
Sunday PM Iraq Economic News Highlights 7-10-22
Approximately One And A Half Billion Dollars..Iran Announces The Volume Of Land Trade Exchange With Iraq
Economie| 11:41 - 09/07/2022 Baghdad - Mawazine News The General Supervisor of Customs of Kermanshah Province, western Iran, Bakhtiar Rahmanipur, announced on Saturday that his country's exports of goods to Iraq amounted to more than one billion and 490 million US dollars through land border crossings during the past three months.
In a press statement followed by Mawazine News, "Rahmanipour" added that the share of the border crossings in the governorate from those exports amounted to more than 600 million US dollars.
During the past three months, the value of Iranian exports to Iraq increased by 43 percent, and increased by 37 percent by weight compared to the same period last year, according to the Iranian customs official.
It is noteworthy that the volume of Iraq's exports of goods to Iran through the land border port of Pervez Khan, adjacent to Kermanshah province, amounted to more than 10 million dollars during the past three months. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=198996
Al-Kazemi Directs The Implementation Of A (Major Campaign) To Pursue Smugglers Of Oil Derivatives In Nineveh
Economie| 11:08 - 10/07/2022 Baghdad - Mawazine News The Supreme Committee for the Reconstruction of Mosul confirmed, on Sunday, that Prime Minister Mustafa Al-Kazemi directed a "major campaign" to pursue smugglers of oil derivatives.
The Executive Director of the Mosul City Reconstruction Committee, Abdul Qader Al-Dakhil, said, "The Prime Minister directed that there be a major campaign in Nineveh Governorate to pursue smugglers of oil derivatives after the Eid al-Adha holiday, similar to Diyala Governorate."
In an interview with the official news agency, Al-Dakhil added, "A committee will be formed from the governorate and the Ministry of Oil in order to expedite the processing of all citizens who own wheels according to the fuel card."
He pointed out, "What hinders the issue of issuing the fuel card is the lack of a database for a large number of citizens, due to the events of ISIS and the accompanying sabotage of records and priorities."
He continued, "The committee, according to what the Deputy Minister of Oil Hamid Al-Zawba'i promised, will be able to accomplish this shortly after the Eid al-Adha holiday. If the citizens' data regarding the wheels is updated, the card will be implemented according to the Prime Minister's directive."
He explained, "The governorate's share of gasoline increased to more than 3 and a half million liters per day, so the Prime Minister and the local government decided that this issue should be resolved by adopting the fuel card, through which the number of liters for each car will be determined, while taxis will be Its share is more than private cars." https://www.mawazin.net/Details.aspx?jimare=199011
Al-Kazemi's Advisor Talks About (Promising Opportunities) To Achieve Reform Projects And Economic Progress
Economie| 02:18 - 09/07/2022 Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mustafa Al-Kazemi, outlined the stages of cooperation of the international community to help Iraq economically, while noting that the white paper is the product of this cooperation.
Salih said, "International cooperation in assisting Iraq economically extends to the Madrid Donors Conference held in October 2003, in which the foreign ministers of 77 countries pledged to provide aid for the reconstruction of Iraq with an amount exceeding 33 billion dollars to restore the infrastructure destroyed by wars and the siege." former economist.
In an interview with the official news agency, Mawazine News, Saleh added, "Many of these grants have been verified, but their financial effects were limited due to the mismanagement of the reconstruction operations at the time."
He pointed out that "the international community did not skimp on writing off more than $100 billion of debts owed by Iraq, which is Iraq's pre-1990 debt, under the Paris Club Agreement of 2004."
He continued, "The international community then continued to support Iraq, and this was embodied by the (Tokyo Declaration) by the Group of Seven major industrialized countries in their statement announced in May 2016, which supported Iraq financially and economically to confront its dual economic and security crisis at the time, and the Kuwait Conference for the Reconstruction of Iraq in The year 2018, which helped sustain UN aid to finance stabilization operations in the liberated areas after the victory over ISIS terrorism.
And he added: “During the double financial and health crisis that our country was subjected to in the year 2020, the international community sensed Iraq’s need for international aid to reform the economy and reorganize it in order to achieve sustainable development and combat decline and corruption, so it was formed in London in the middle of the year 2020, what was called ( The Iraq Economic Contact Group (IECG) (composed of the World Bank, the International Monetary Fund, the European Union, and the Group of Seven major industrial countries).
He continued: "The aforementioned contact group expressed its willingness to support financial and economic reform projects in our country and to reorganize the financing, production and governance sectors, and the white paper was the result of that cooperation," he concluded by saying: "I see that Iraq has many serious and promising opportunities to benefit from the intentions of the international community." Positively towards achieving reform projects and economic progress in Iraq. Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=198948
The Ninth Cabinet Of The Kurdistan Government Is Implementing 201 Investment Projects With A Capital Exceeding $11 Billion
Posted On2022-07-09 By Sotaliraq size=45]The Department of Information and Information in the Kurdistan Regional Government announced that during the three years of the ninth cabin, 201 investment projects were implemented in different regions of the region, with a capital of more than 11 billion dollars.
The department said in a statement that the Kurdistan Regional Government agreed to implement 201 investment projects with a capital of 11 billion 562 million 93 thousand dollars on an area of 10 thousand 603 dunums in separate areas of the Kurdistan Region implemented by local investors.
She added that the projects were distributed among the governorates and independent administrations, and most of these projects were implemented in Erbil Governorate.
Projects in 2019
In 2019, the beginning of the ninth ministerial cabinet, 16 projects were licensed, all of which were by local investors, with a capital of 485 million dollars 204 thousand 256 dollars.
Projects in 2020
In 2020, when the “Corona” epidemic spread around the world and the Kurdistan Region was not immune from its negative effects, 76 projects were licensed that year, including two projects that were implemented jointly by local and foreign investors.
The total project capital amounted to $1.984 billion, of which $1.967 billion was invested by local investors and $17.566 million through joint ventures.
Projects in 2021
In 2021, projects continued, as 70 different projects were licensed, of which only one project was through foreign investors, and one joint project, and 68 other projects were implemented by local investors with a capital of $8 billion, 515 million, 645 thousand and 864 dollars. .
2022 Projects In the first six months of 2022, the Kurdistan Regional Government granted licenses to 35 investment projects in various fields with a capital of $330,696,265, all of which were implemented by local authorities.
Total projects
Accordingly, the ninth cabinet of the Kurdistan Regional Government licensed 201 projects in different sectors with a capital of 11 billion and 562 million 93 thousand dollars, and they were implemented on an area of 10 thousand 603 acres.
The projects are divided according to governorates and independent administrations, and most of these projects were implemented in Erbil governorate.
Erbil Governorate Erbil
Governorate received 87 projects with a capital of 8 billion 906 million 806 thousand 129 dollars. The projects were implemented on an area of 4 thousand 861 dunums.
Sulaymaniyah Governorate
The Sulaymaniyah Governorate comes in second place with 53 projects with a capital of 559 million 982 thousand 213 dollars on an area of928 thousand acres.
Dohuk Governorate
In the Dohuk Governorate, 45 projects were implemented with a capital of 589 million and 554 thousand and 88 dollars on an area of two thousand 750 dunums.
Governor of Halabja
In the province of Halabja, a project was implemented with a capital of 6 million 846 thousand dollars on an area of 7 acres.
Garmian independent administration In Garmian administration 10 projects were implemented with a capital of 333 million and 475 thousand and 89 dollars on an area of 935 acres.
The independent Raprin administration has implemented five projects in the Raprin administration at a cost of 125 million 429 thousand and 481 dollars on an area of 119 acres.
Projects by sectors
One of the most important sectors in which projects were implemented is the commercial sector with a total of 49 projects with a capital of 638 million and 265 thousand and 11 dollars on an area of 709 dunums.
The projects of the two banks amounted to a capital of 19.415 million dollars on an area of 1.2 acres.
There were 12 health projects with a capital of 92 million 345 thousand and 500 on an area of 15 acres.
There were 58 industrial projects with a capital of one billion and 771 million and 220 thousand and 943 dollars and an area of two thousand 190 acres of land.
There was one service project with a capital of 9 million and 491 thousand on an area of 21 dunums, in addition to 29 tourism projects with a capital of 7 billion 122 million and 606 thousand and 299 dollars on an area of 2 thousand 856 dunums of land.
Education projects amounted to 21 projects with a capital of 229,946,290 dollars on an area of 542 dunums.
As for the agricultural projects, they were 8 projects with a capital of 320 million and 669 thousand and 500 dollars on an area of 2 thousand 879 dunums of land.
The housing sector projects amounted to 13 projects with a capital of 1.288 million and 168,000 dollars on an area of 1,351 dunums.
In the arts sector, one project with a capital of $9.234 million was implemented on an area of 10 acres.
In the sports sector, 7 projects were implemented with a capital of $60,731,457 on an area of 25 acres.
Local Projects
Among the 201 projects that were licensed during the three years of the ninth booth, 197 projects were implemented by local companies and investors, and only one project was implemented by foreign investors, and three projects were implemented jointly.
Total capital of projects
The total capital of projects executed by local companies and local investors amounted to 6 billion and 618 million and 559 thousand dollars, and the capital of the three joint projects amounted to 37 million and 384 thousand dollars.
The only project implemented by a foreign company was with a capital of $4.906 billion. LINK
Lebanon: Iraq Will Reduce The Amount Of Fuel Supplied To Us By Half After The Price Hike
Shafaq News/ The Minister of Energy and Water in the Lebanese caretaker government, Walid Fayyad, confirmed that Iraq will reduce the amount of fuel supplied to his country by half after the increase in fuel and fuel prices in global markets.
Fayyad said in press statements, "His visit to Iraq and his meeting with the ministers of finance, oil and electricity and the governor of the Central Bank, were positive and they expressed their intention to stand by Lebanon at this stage and to complete the positive work they are doing."
He added, "The extension of the fuel agreement will enable us to have a few hours of electricity, as they provide us with 80,000 tons per month, but in this period the quantity is less due to the difference in price and the increase in the price of fuel, so it decreased to 40 thousand tons, providing us with two hours of feeding instead of 4." hours".
He pointed out that "we are working to prepare for another visit to Iraq that could include President Mikati and Major General Abbas Ibrahim to formulate and extend the new formula of the agreement, and to show the Iraqi side that we are committed on our part to pay the dues, albeit in a gradual and phased manner, by providing services to the Brotherhood in Iraq. Mr. President, he assigned me to study this matter to determine these services for the Iraqi side to activate this agreement.”
Lebanon signed an agreement with Iraq in July 2021 to import one million tons of fuel fuel to alleviate the country's electricity crisis, and the first ship arrived in Lebanon carrying 31,000 tons of this substance on September 16, 2021.
Fuel is a mixture of oils that remain in the oil refining unit after distillation (heavy fuel) and burn in a furnace or boiler to generate heat or to generate electrical or kinetic energy.
Iraq and Lebanon agreed on an energy exchange, under which Iraq would give Lebanon, which is going through the worst economic crisis in its history, heavy fuel oil, in exchange for "services and goods" that Iraq would get from Lebanon. LINK