Fri. AM/PM TNT News Articles 11-19-21



The Governor of the Central Bank and the Egyptian Ambassador discuss ways of joint cooperation in monetary and economic issues

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhief, received the Egyptian Ambassador to Iraq, Walid Muhammad Ismail.

The two sides discussed ways of joint cooperation between the two countries in monetary and economic issues, including emphasizing the importance of revitalizing Iraqi and Egyptian banking.

The ambassador stressed, “Egypt is keen that Iraq have a leading banking sector,” praising the plan adopted by the Central Bank of Iraq’s administration to reform the banking sector  link

Article 140.. Recommendations to be implemented in Kirkuk are frozen and the return of the seizure of Kurdish lands

The former representative of the Patriotic Union of Kurdistan in Kirkuk, Jamal Muhammad Shakur, demanded on Friday, the implementation of the recommendations of the governmental and international committees to erase the policies and effects of the former regime and normalize their conditions in accordance with Article 140 and national entitlements.

Shakur told Shafak News Agency; A governmental committee formed in 2019 with the membership of representatives from the Prime Minister, the Republic and several concerned ministries, Kirkuk’s representatives from all Arab, Kurdish and Turkmen components completed its work with unified recommendations in Constitution according with Article 140 of the, but the The recommendations are still frozen and not implemented despite the aggravation of problems and conflicts in Kirkuk.

Shakur continued; “The included recommendations solutions to land disputes and property entitlements between the components of Kirkuk and erasing the effects of the policies of the former regime, but the government has not implemented them so far, despite the return of the problems of seizing Kurdish lands again and violating judicial decisions regarding them.”

He pointed out that “the recommendations developed solutions to the disputes between the components regarding property and lands, and solutions to the Arab-Arab conflicts, with an agreement between all members of the committee from government agencies and the local government in Kirkuk.”

Shakur stressed that “a second committee was formed with the membership of the United Nations, the concerned parties and the components of Kirkuk, which included solutions and recommendations for land problems, security and administrative balance and other problems, but the recommendations have not been fully implemented so far for unknown reasons.”

Kirkuk governorate is witnessing national problems in several agricultural areas after 2017, the return of Arabization policies and the seizure of land by the expatriate population inhabited by the former regime at the expense of the Kurds and Turkmen, in addition to the problems of national marginalization of the Kurdish component in particular.   link

Guarantees are the most important axes for attracting global capital

Working to correct the paths of organizing investment business represents the most important requirements for creating an attractive environment for international investments in all Iraqi governorates that need major strategic projects due to the chronic neglect that they have suffered for long periods. 

The economic expert, Muhammad Shaker, said: The implementation of projects in accordance with international principles leads to positive results that achieve the economic feasibility of Iraq, as it works on the multiplicity of financial resources for the federal state budget, which we feel is important in light of the current situation in the country. 

Corporate Protection 

He pointed out that the legislative aspect that regulates work in Iraq needs to be consolidated in some of its joints, especially that the laws in force are promising in the field of protecting international investment companies, but they are ineffective and need to Development.

He stressed the importance of working to create an attractive environment for the advanced international effort, as global capital and advanced technology are welcome to work in Iraq, indicating that the country has solid companies capable of entering into partnerships with international companies with advanced classification on international regulations and implementation of works with high accuracy. 

Gulf companies 

He added that the reality of local economic relations requires displaying the reality of implementation with high transparency in front of the evolving international effort to be able to build trust and strengthen relations, especially since regional companies that own technologies and capital have begun to do their relations with Iraq, including the Gulf ones, especially as international companies study the work environment from all sides. without exception.

corporate attraction

And he indicated that security stability plays a major role in the process of attracting specialized international investment companies, pointing to the desire of most of these international companies to enter and work in Iraq, which has wide job opportunities. In all fields. 

Shaker stressed the importance of imposing the prestige of the state at the center of implementing economic works, by activating the Project Protection Unit, which in turn is able to eliminate all obstacles that accompany implementation processes.

Activate the production wheel

He said that the banking sector is required at this stage to support projects, and this is part of the sense of responsibility towards the Iraqi economy, citing the Chinese experience, where production and service workshops are spread in homes and make important parts for larger industries and contribute to increasing the gross domestic product, stressing that these projects are able to Activating the wheel of local production and contributing to the development process, albeit in a way gradual.  link

Source: Dinar Recaps

Poverty in iraq rises to 31.7% and urgent calls to remedy the situation

Economist sanctuary al-amin warned of the continued high poverty rate in the country, stressing the development of government measures to reduce the phenomenon.

“the rise in poverty in the country to 31.7 percent from 23 percent three years ago requires the government to take practical measures to reduce it, especially since iraq is a resource-rich country with increased financial revenues from oil exports after global markets saw the price of a barrel rise above $70,” al-amin said in a statement.

“the justifications given for the reasons for the high proportion of the poor, including those due to the corona virus, have not been fully honest,” he said, adding that the virus has caused a decline in the global and local economy, but developed countries have adopted measures that will help the poor and provide them with livelihoods as hiv vaccinations continue.

“the government has taken measures to combat poverty, but according to the report of the ministry of planning, these measures have not been sufficient to increase the poverty rate from 23 percent to 31.7 percent, which means that nearly 10 million citizens, who make up one third of iraq’s population, are poor in their country, which floats on black gold lakes,” he said.

iraq’s poverty rate rises to 31.7% and urgent calls to remedy the situation (

Source: Dinar Recaps


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