“Tidbits From TNT” Thursday Morning 11-6-2025

TNT:

Tishwash:  The Finance Committee determines the disbursement mechanism for the year 2026

The Parliamentary Finance Committee revealed today, Wednesday, the spending mechanism that the government will adopt in 2026.

Committee member Jamal Kojar told Al-Furat News Agency that: “The government will adopt the spending mechanism in 2026 according to Law 1/12 of 2024, as a result of the 2025 budget schedules not being approved yet.”

Kujer explained that "the exchange rate will remain the same," noting that "disbursement operations will be limited to expenses and the operating budget only."  link

Tishwash: Sudanese advisor: Digital transformation has contributed to accelerating the completion of transactions

Hassan Al-Khatib, the Prime Minister’s Advisor for Artificial Intelligence and Communications, confirmed on Wednesday that the digital transformation has witnessed clear steps and contributed to accelerating the completion of transactions, while indicating that the market license will soon be converted to electronic .

Al-Khatib said in a statement to the official media, which was followed by "Mail", that "the digital transformation in Iraq is still in its early stages, as it has become clearly visible, especially to those who visit government departments and institutions ."

He added that “the absence of paper transactions in government departments is in itself a digital transformation,” noting that “there is tangible and remarkable progress in these areas, especially in the Ministry of Interior, which has achieved important accomplishments in national identity, electronic passport, and electronic visa, and soon the electronic driver’s license will also be adopted .”

He stressed that “digital transformation will make life easier for citizens and speed up the completion of transactions,” noting that “the actual achievement of digital transformation will be when the Iraqi economy moves forward significantly because its production has improved as a result of the introduction of technology  link

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Government advisor: The Central Bank has amended the list of Iraqi banks to comply with international standards.

The Prime Minister’s Advisor for Banking Affairs, Saleh Mahoud, confirmed on Wednesday that there are agreements with European entities to support investment projects in Iraq, while noting that five projects are awaiting a Cabinet decision to issue sovereign guarantees.

 Mahoud told the Iraqi News Agency (INA): “The Central Bank has made an amendment to the list of Iraqi banks, which was limited to government banks, in accordance with the standards required by external parties, foreign correspondents, and the bank that finances those projects.”

He added that "over the course of two years, the Sovereign Guarantees Committee has made great efforts in coordinating with the guaranteeing institutions and the financing banks, as well as its efforts in coordinating the relationship between the Industrial Bank and the Ministry of Finance."

He pointed out that "there are agreements previously signed with Spanish, German and English entities, and one of those projects has obtained a sovereign guarantee, and all procedures will be completed within a period of two weeks after all the details related to the final accounts are resolved."

He explained that “five projects are awaiting the Cabinet’s decision to issue the sovereign guarantees stipulated in one of the paragraphs of the general budget, amounting to one trillion Iraqi dinars, to cover all projects,” noting that “the number of projects reached 6, and the Cabinet approved the disbursement of 600 billion dinars, and 400 billion dinars remain.”

He stated that “Based on the recent Cabinet decision, the Central Bank issued an amendment that includes a list of banks that were previously limited to government banks, in accordance with the standards required by external parties, foreign correspondents, and the bank providing the financing.

According to that amendment, the Sovereign Guarantees Committee was informed that the remaining projects within the one trillion ceiling should be handled by private banks.”

He pointed out that "the Trade Bank of Iraq ( TBI ) has been informed that the upcoming projects will be in the private sector, and within a week or ten days there is an agreement waiting to be signed with the Dutch  link

Mot:  Can't help MeSelf!!!  

Mot: . a ""Motism"" - on how to Find Ur Lost Wife in da Store..