Tues. AM TNT News Articles 5-4-21

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TNT

Tishwash:
Activating the economic activities of Iraq

A member of the Iraqi Federation of Industries, Abdulaziz Al-Khudairi confirmed that «activating economic activity between Iraq and the major economic blocs, is one of the things that contribute to activating economic activities, by investing in advanced technology for investment companies and transferring them to The country ».

He pointed out that “the form of economic relations often determines all other forms of relations, especially the political ones, and that the consolidation of economic relations achieves mutual benefit, which leads to the existence of real political relations that result in benefits for all parties.”

He pointed out that «some major economic blocs wish to strengthen cooperation with Iraq in order to strengthen economic work bonds in a way that achieves common benefit. 

It is noteworthy that Iraq has commercial relations with many countries of the world, which requires drawing a new map of cooperation that contributes to the development of economic sectors, benefiting from advanced technology and capital owned by specialized international companies.   link

To revive the cultural and historical heritage in Iraq .. The Minister of Foreign Affairs invites investment companies in the Vatican.

Today, Tuesday, Foreign Minister Fuad Hussein issued a call to investment companies in the Vatican State to work in Iraq to revive the cultural and historical heritage.

The Foreign Ministry stated, in a statement, that “Hussein met with the Secretary of State of the Vatican City, Paul Richard Gallagher, at the Vatican State Building.”

Hussein expressed, “Iraq aspires to activate the frameworks of cooperation with the Vatican in various fields, in light of the distinguished relations between the two sides.” .

The foreign minister said, “Iraq is a meeting place for religions that all agree to respect human beings, their dignity, and spread the culture and values of peace,” stressing “the government’s insistence on the return of the displaced, and the rehabilitation of women and children victims of ISIS.”

And he demanded, “the reconstruction of churches in the city of Mosul, and the building of a hospital for women who have survived ISIS terrorism.”

On the historic visit of His Holiness Pope Francis, the minister said, “The visit of His Holiness the Pope  to Iraq and the city of Ur birth of the father of the prophets Abraham – peace be upon him – represented great support for Iraq, and special support for Christians in it, and we look forward to investing it religiously, politically and culturally.”

He called on the investment companies in the Vatican State to “work in Iraq to revive the cultural and historical heritage   link

Economist: Oil revenues confirm that there is no deficit in the budget

The economic expert, Wissam Al-Tamimi, said, Tuesday, that what was revealed by the Ministry of Oil from revenues for the last month and with the high exchange rate of the dollar, confirms categorically that there is no deficit in the budget and if any, it is very slight.

Al-Tamimi said, in a statement to Al-Maalouma, that “the recovery of oil prices is a good indicator that confirms the continuation of the rise after the middle of this year to more than $ 65 a barrel, due to the return of industry and the manufacture of Corona vaccines, which will restore commercial activity to the whole world and bypass the closure in some countries.”

He added that ” Iraq, as the largest exporter of oil, has achieved a recovery and great revenue, as well as that the government decided to raise the exchange rate of the dollar in the budget, and thus the financial deficit has been eliminated, and if it is found, it is very slight.” 

Al-Tamimi pointed out that ” Iraq faces a great opportunity to revive its economy by entering the newly explored gas export market in Diyala and Anbar, despite the control of some countries over this market.

  link

Despite the high oil prices, two reasons may prevent the approval of a supplementary budget

The appearance of Muhammad Saleh, the economic advisor to the Iraqi prime minister, ruled out that there would be a supplementary budget for this year due to the delay in approving the general budget.

Saleh said in press statements, I do not expect that there will be a supplementary budget, because the general budget has been greatly disrupted and it was approved a short time ago, and usually the country’s budget must be approved at the beginning of the year in order to know its revenues for the half of the year, and then it is known whether we need a supplementary budget or No”.

He added, “High oil prices do not necessarily mean that there is a supplementary budget, especially since the general budget is based on a deficit, and the price difference is better for the state to benefit from than borrowing.” Knowing the financial revenues better ”.

Saleh indicated that “the country’s situation determines this matter if there are projects that need to be implemented after they have been postponed and they are important, as well as the existence of deferred financial projects.”   link

Source: Dinar Recaps

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