"Tidbits From TNT" Monday Morning 7-3-2023
TNT:
Tishwash: Finance: Banks stop receiving customers for the purpose of the semi-annual inventory
An official source in the Ministry of Finance announced, on Monday, that all banks have stopped receiving customers for the purposes of the semi-annual inventory.
The source told Shafaq News Agency, "Bank credits and facilities will be stopped today for the purposes of applying semi-annual accounts and budgets, and therefore there will be no reception for customers today."
He added, "The banks will resume their work tomorrow, Tuesday," stressing that "the salaries of retirees will not be affected in the event that they are launched by this matter, because they are raised electronically." link
Tishwash: Former parliament decision: Passing the oil law is enough to end all the problems of Iraq
Former Parliamentary Rapporteur Muhammad al-Khalidi confirmed, on Sunday, that Iraq's most complex crises would end immediately after the adoption of the oil and gas law.
Al-Khalidi said in an interview with Al-Maalouma, "The oil and gas law is one of the pending legislations since 4 parliamentary sessions due to political differences, and if it is approved, most of the complex problems will end."
He added, "Five important points must be available to proceed with approving the law, the most prominent of which is political consensus, defining export and management mechanisms, the quantities produced from each field, and the powers and "as of the provinces."
Al-Khalidi pointed out that "approving the law according to a consensual formula will be in the interest of everyone without exception and end the dispute between the center and the Kurdistan region."
He continued, "Iraq's dependence on what is known as the rentier economy is a dangerous step in light of the rapid changes in the energy sector, indicating the emergence of solutions regarding the energy file that may push oil prices down at record rates, which constitutes a source of embarrassment for the country's budget, which relies 90% on revenues from the sale of oil link
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Tishwash: Northrop Grumman Wins $13m Iraq Contract
Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded $13,561,913 modification (P00014) to a previously awarded contract (FA8617-21-C-6237) for contractor logistics support of Iraq's C-172 and C-208 fleets.
The modification brings the total cumulative face value of the contract from $33,031,313 to $46,593,226.
Work will be performed at Balad Air Base, Iraq, and is expected to be completed by June 30, 2024.
This contract involves Foreign Military Sales (FMS) to Iraq. FMS funds in the amount of $13,561,913 are being obligated at time of award. The Air Force Life Cycle Management Center, Legacy Training Aircraft Division, Rapid Acquisition and Sustainment Management Branch, Wright Patterson Air Force Base, Ohio, is the contracting activity. link
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Tishwash: IBBC welcomes LARSA Security as New Member
From the Iraq Britain Business Council (IBBC):
LARSA Security Services is an Iraqi security company registered in Iraq as a private company under the Iraqi ministry of interior and has obtained license number (164).
LARSA is a pioneer in the field of private security and logistics. With a high level of skill, training, expertise, and infrastructure to assist in all physical security matters for the safety and protection of personnel, buildings, information, supplies and equipment. LARSA offers a wealth of experience providing a complete security solution to high profile clients operating within Iraq, Basra and beyond. LARSA has been awarded membership to the International Code of Conduct Association and adheres to the expected compliance of international private security companies and deploys the most up to date equipment and data in managing the security and safety of our clients.
Alastair Stone, Larsa Chief Operations Officer Says:
"We anticipate great engagement with IBBC's excellent range of members and look forward to getting to know them all and sharing our approach to security for international companies and individuals alike."
Christophe Michels, MD of IBBC says:
"IBBC welcomes Larsa security to our membership, and we look forward to engaging our members with their capabilities and expertise. While security in Iraq is significantly better than in the past, there is still demand for intelligent and well managed security among our international members to ensure they operate smoothly and efficiently throughout all Iraq." ink
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