TNT
Tishwash:
A Sudanese meeting recommends structuring government companies and reforming them financially and economically
A meeting held by Prime Minister Muhammad Shiaa Al-Sudani, on Sunday, came out with decisions to carry out comprehensive reforms to government companies and structure them to strengthen the Iraqi economy.
The Sudanese media office stated in a statement received by Shafaq News Agency, that the latter chaired the second meeting to follow up on the process of structuring and organizing government companies.
At the beginning of the meeting, Al-Sudani pointed out the importance of this process and the role it represents in the essence of economic reform, subjecting companies to correct economic foundations and standards, stressing that this step lies at the core of the strategic goal of increasing the contribution of non-oil revenues to national output and income.
The meeting came up with a number of decisions that included general principles for proceeding with the financial and economic reform and structuring of companies, in a way that strengthens the national economy and its stability. link
Parliamentary Oil: Kurdish obstacles prevent the resolution of the “Oil and Gas” law
Kazem Al-Touki, a member of the Parliamentary Oil and Gas Committee, confirmed on Monday that the Kurds have placed obstacles to resolving and ending the oil and gas law and handing it over to Parliament for reading and voting on it.
Al-Touki told Al-Maalouma, “Members of the Oil and Gas Committee communicated and moved towards the political parties and heads of blocs in order to end the problems of the Oil and Gas Law and ensure its passage in Parliament.”
He added, “Prime Minister Muhammad Shiaa Al-Sudani continues to move to end the aforementioned law, and to reach a consensus formula agreed upon by everyone in order to resolve the law and vote on it, especially since the government program focused on this file.”
He stated that “the Kurds do not have the seriousness to resolve the oil and gas law, and obstacles have been placed in front of this law, which now needs political consensus before it is sent to the House of Representatives for the purpose of reading and voting on it.” link
Communications discusses the implementation of issuing biometric identity to employees of government departments
Minister of Communications, Hiyam Al-Yasiri, chaired the meeting of the executive team to issue biometric identification for employees of government departments, in the presence of a number of officials in ministries and government institutions.
The Ministry stated in a statement: “The meeting included a discussion of the possible steps and the next stages that will be finally approved, in order to prepare the approved standards for implementation. The material and technical capabilities available to the government agencies charged with issuing the identity to be a government identifier were also discussed.”
It is noteworthy that the project is currently in the process of completing the organizational and administrative procedures and submitting the recommendations proposed by the executive team to be presented to higher authorities for approval. link
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CandyKisses:
Resources: 27 projects to be initiated in 2024
Economy News _ Baghdad
The Ministry of Water Resources has started 16 projects for the current year, revealing that it has completed 11 other projects last year.
Minister Aoun Diab Abdullah said in an interview with “Al-Sabah” followed by “Economy News”, that the ministry owns within the government program, 27 projects, 11 of which were completed during the past year, while the competent technical and engineering staff began implementing the remaining 16 at the beginning of this year, which he noted that some of them achieved varying completion rates in previous times before stopping for several reasons.
He pointed out that the 11 projects completed during the past year are reclamation operations for each of the lands of Suwaihiyah in Muthanna, a section of Hor Najm, part of the lands of the Shafi’i Diwaniya, part of the lands of Bani Hassan, ten thousand dunums in Husseiniya, and part of the lands of Ramadi, in addition to the rehabilitation of part of the first phase of the northern island irrigation project, in addition to the establishment of Nazim Sadr Al-Shatra in the district of Shatrah, with the preparation of electrical and mechanical equipment to install a pumping station in Hor Najm, in addition to the completion of From the northern part of the water channel to the Shatt al-Arab.
Regarding the 16 projects that began work at the beginning of 2024, Abdullah explained that they include the reclamation of 20,000 dunums as a fourth phase in the Saad River project and will be completed by the end of 2024,
In addition to the reclamation of 15,000 dunums, in addition to 20,000 dunums in the Saad River, which has already completed 86% of its work, in addition to the reclamation of seven thousand dunums of Husseiniya lands and will be completed during the next month, in addition to large numbers of projects in Dhi Qar Governorate with an area of 14,200. Dunums, as well as the start of the critical area works for the Basra water project, and the reclamation of 36,000 dunums for the (Diwaniyah-Shafi’i) project, 77 percent of which was previously completed, while it will be completely completed during the current year.
Source: Dinar Recaps
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CandyKisses:
Court ruling to liquidate “Evergrande”, China’s largest real estate company
Economy News Follow
A Hong Kong court on Monday ordered the liquidation of China’s Evergrande Group, China’s largest developer, over its high indebtedness, dealing a blow to investor confidence in the Chinese economy.
This came in a statement issued today by the city’s Supreme Court, after the Chinese real estate giant and its external creditors failed to agree on how to restructure the company’s massive debt and financial obligations of $ 333 billion.
The statement quoted Judge Linda Chan in the ruling: “It seems to me that the interests of the creditors will be better protected if the court liquidates the company, so that the independent liquidators can take control of the company.”
In 2021, Evergrande defaulted, sparking a real estate crisis in the Chinese economy, the effects of which are still reeling today.
Today, the Chinese stock market faced volatility in its indices due to the court decision, while the market lost about $ 6 trillion in the market value of listed companies, since its peak in February 2021.
Chinese developers face outstanding liabilities of $100 billion this year, and the financing arms of local governments also have $650 billion in outstanding debt, according to official data.
Tishwash:
Military(Iraqi) expert: America will not leave Iraq without a long-term security agreement
Military expert Sarmad Al-Bayati confirmed the impossibility of the withdrawal of American forces without concluding a strategic security agreement with Iraq, noting that the Iraqi airspace is exposed and America can never leave it without sovereignty.
The Iraqi military expert, Sarmad Al-Bayati, said in a statement followed by Mawazine News: “There is a big difference in the statements between Iraq and the United States, and some may be confused about what is happening, despite what was announced about the formation of an American-Iraqi military committee to sit with the international coalition.” “.
Al-Bayati added: “But those sitting on the Iraqi side in this committee are figures who have nothing to do with the issue of the withdrawal of coalition forces, including the Federal Police, whose work is linked to NATO, so they focused in the meeting on assessing the threat of I--S and operational training, in addition to the most important One point, which is to strengthen Iraqi armed capabilities.”
The military expert stressed that “it is impossible for any withdrawal of international coalition forces to take place if the strengthening of armed capabilities and control of Iraqi airspace is not completed. Therefore, cooperation continues with the coalition, and even if a withdrawal occurs, the American forces will take a long time on this matter.”
Al-Bayati stressed, “The American forces will not leave Iraqi airspace uncontrollably, so there will certainly be a strong security agreement between Baghdad, Washington, and the international coalition, and it is not easy to leave Iraq an easy prey for I--S.”
The Iraqi expert explained, “The Americans actually work in Iraqi military bases as advisors, but there are other forces to protect them, and thus their secrets and policies in the region remain with them. It is not easy to know their true number in Iraq, because they do not give their combat position to any party.”
Al-Bayati ruled out that there would be any forced exit of the international coalition forces from Iraq, because the matter would have a negative impact on the entire country. Therefore, no forced evacuation of them would occur, but rather after assessing the situation regarding the extent of the threat and danger of I--S.
American forces returned to Iraq in 2014 as part of the international coalition forces, at the request of the Iraqi government to support them in confronting I--S, which invaded a large part of the lands in the north and west after the collapse of the Iraqi army units. link
Source: Dinar Recaps
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