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Clare » July 2nd, 2023
The Prime Minister directs to hold two sessions of the Council of Ministers during the current week
7/02/2023 Baghdad – conscious
Today, Sunday, the Prime Minister, Muhammad Shia Al-Sudani, directed that two cabinet sessions be held during the current week.
The government spokesman, Basem Al-Awadi, said in a statement received by the Iraqi News Agency (INA), that “Prime Minister Muhammad Shia’a Al-Sudani directed to hold two cabinet sessions during the current week.”
Headded, “The first session will be held next Tuesday, corresponding toJuly 4, while the second session will be held next Thursday, corresponding to July 6,” noting that “this came as compensation forlast week’s session, which was not held due to the blessed Eid al-Adhaholiday, and in order to ensure the continuation of government work.”
To follow up on the work of the Council of Ministers without delay or postponement. LINK
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ALLOCATING $6 BILLION FROM SAUDI ARABIA AND THE UAE TO SUPPORT ITS OPERATIONS IN IRAQ
7/02/2023
The Federation of Iraqi Chambers of Commerce announced today, Sunday, that it had reached an agreement with the UAE and Saudi Arabia to form business councils, while noting that Saudi Arabia and the UAE have allocated $6 billion to support its operations in Iraq.
The head of the union, Abd al-Razzaq al-Zuhairi, said in a statement followed by the National News Center: “Iraq must keep pace with the world and form the global trade process, taking into account the standards of the World Bank, and have complete automation in the process of entry and exit of goods,” stressing “the necessity That there be a complete program in customs and ports.
He added, “The first step began with registering data for merchants and registering companies, and this is a great support that we got from the Council of Ministers and the United Nations, and we have reached a good stage.”
And he continued, “Now we have entered the (Swift) stage, meaning that the transfer of money in the world of trade, the importer and the exporter, is known, which will make Iraq one of the developed countries.”
He pointed out that “the federation is among its tasks to establish business councils and conclude agreements, as we reached with Saudi Arabia and the UAE to form business councils, to improve trade with the two countries,” noting that “the desire is not only in trade, but rather in establishing investment projects.”
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He explained, “The UAE has put 3 billion dollars in its fund, and Saudi Arabia has also put 3 billion dollars to support its operational operations inside Iraq, whether it is investment or commercial,” noting that “there is a good desire from the two countries to work inside Iraq.”
He pointed out, “The location of Iraq is important, and it is the greatest (transit) region in the world, as the world is reduced to only 9 days from Asia to Europe through the development project, so we are in a positive stage.” LINK
Source: Dinar Recaps
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