By John Lee.

The National Investment Commission (NIC) has announced an investment opportunity to establish a residential complex on the National Security Collage location (formerly), Al Jihad Q. plots no. (2/1190, 3/3574, 3/2552, 3/2557, 3/13384 district 18 Amriya) according to Investment Law no. 13 for 2006 (amended).

Specialized local and foreign interested companies can apply by filling the investment license form in NIC website with all required documents and sent it to info@investpromo.gov.iq within 45 days from the date of announcing this advertisement.

(Source: National Investment Commission)

(Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

By John Lee.

Russian Foreign Minister Sergey Lavrov has said that Moscow is very interested in increasing trade, economic and investment ties with Iraq.

Following a meeting on Wednesday with Iraqi Foreign Minister Mohamed Ali Alhakim, he said:

In the field of investment, especially in the hydrocarbon sector, there is a very good result. Lukoil, Gazprom Neft, SoyuzNefteGaz are already working, Rosneft is interested in projects in Iraq. The total investment in this industry has already exceeded $ 10 billion.

“We want to promote projects in other areas. Today we talked about electricity, agriculture, industry, transport – all this will be considered in the context of preparations for the next meeting of the Russian-Iraqi Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation.

He added that about 4 thousand Iraqi citizens are currently studying in universities of the Russian Federation, while dozens of diplomats from Iraq take part in special training courses at the Diplomatic Academy at the Russian Foreign Ministry.

(Source: Russian Ministry of Foreign Affairs)

By John Lee.

Russian Foreign Minister Sergey Lavrov has said that Moscow is very interested in increasing trade, economic and investment ties with Iraq.

Following a meeting on Wednesday with Iraqi Foreign Minister Mohamed Ali Alhakim, he said:

In the field of investment, especially in the hydrocarbon sector, there is a very good result. Lukoil, Gazprom Neft, SoyuzNefteGaz are already working, Rosneft is interested in projects in Iraq. The total investment in this industry has already exceeded $ 10 billion.

“We want to promote projects in other areas. Today we talked about electricity, agriculture, industry, transport – all this will be considered in the context of preparations for the next meeting of the Russian-Iraqi Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation.

He added that about 4 thousand Iraqi citizens are currently studying in universities of the Russian Federation, while dozens of diplomats from Iraq take part in special training courses at the Diplomatic Academy at the Russian Foreign Ministry.

(Source: Russian Ministry of Foreign Affairs)

By John Lee.

The United Nations has advertised new positions in Iraqi Kurdistan:

(Source: UN)

(Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock)

By John Lee.

The United Nations has advertised new positions in Iraqi Kurdistan:

(Source: UN)

(Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock)

A government step towards combating government corruption … What are the dimensions of their impact?
1/30/2019

The Iraqi government decided to establish the Supreme Anti-Corruption Council headed by Prime Minister Adel Abdul Mahdi, and the Council will prepare a national strategy to combat corruption and supervise legal and legislative frameworks.

According to the order issued by Abdul Mahdi, officials responsible for disclosure of property within a period of not more than a week, with the need to accelerate the preparation of the National Index of Integrity "measuring corruption.

"The government is expected to do procedures to recover Iraq’s looted property abroad and urged parliament to speed up legislation on the law on graft.Local media pointed out that there are 13,000 files of corruption open to the Integrity Commission in Iraq, while Iraq is ranked in the world rank behind the corruption index in 2018, ranking the number 168 in the world.

http://www.skypressiq.net/2019/1/30/%D8%AE%D8%B7%D9%88%D8%A9-%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9-%D9%86%D8%AD%D9%88-%D9%85%D9%83%D8%A7%D9%81%D8%AD%D8%A9-%D8%A7%D9%84%D9%81%D8%B3%D8%A7%D8%AF-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D9%8A-%D9%85%D8%A7%D9%87%D9%8A-%D8%A7%D8%A8%D8%B9%D8%A7%D8%AF-%D8%AA%D8%A3%D8%AB%D9%8A%D8%B1%D9%87%D8%A7

Parliament The budget law guarantees 37 new paragraphs and parliamentary finance awaiting the appeal of the government
1/27/2019

Baghdad / Mohammed Sabah
The Parliamentary Finance Committee talks about its concerns about the government filing an appeal before the Federal Court on some paragraphs of the Budget Law 2019, which was drawn by the members of the Council during the vote, indicating that the deputies added about 37 articles on the law during the vote.

In a related context, deputies point out that the number of contractors of the Ministry of Electricity who will be installed on the permanent owners up to (35) thousand contractors, and the Ministry of the Ministry of the approximate number of about (15) thousand records with an allocation of 120 thousand dinars to the lecturer Which did not include in these appointments per month.

"The powers of the House of Representatives to make amendments to the law of the general budget are limited and do not exceed the reduction of expenses, and the conduct of transfers at the gates of public exchange," he said, adding that his committee "did not exceed Limits of these powers in the preparation of the final wording of the federal budget law approved by Parliament. "

At the dawn of last Thursday, the House of Representatives was able to pass the federal budget law for 2019, which amounted to about 106 trillion dinars (88.5 billion dollars), while estimated expenditures 133 trillion dinars (111.5 billion dollars), a total deficit amounted to (27.5) trillion dinars ($ 23 billion).

The Finance Committee in the House of Representatives began more than a week ago to prepare and write the final versions of the draft federal budget law for 2019 after the completion of the file of the extension of all ministries and government institutions and independent bodies.

The number of observations made by the members of the House of Representatives on the law of the general budget to the parliamentary financial committee before the vote to about 300 observations relating to the total allocations for the development of the regions and funds allocated for the reconstruction of western cities and the budgets of the provinces of Basra and Babel and Wasit and oil exports from the Kurdistan region.

The federal budget for the current year was devoid of the allocation of job grades. However, it authorized the Council of Ministers to introduce job grades for the confirmation of daily contracts and workers according to the precedence and actual need of that department or institution for the contractor.

"The issue of contracts and daily workers is a big issue because it belongs to large and comprehensive sectors in the Iraqi government," explains the head of the parliamentary finance committee, noting that the number of contractors and day laborers is much higher than that allocated in the budget law.

"He pointed out that" the House of Representatives limited authority, and is not to add functional grades in the draft budget law, "stressing that the Committee" committed to the items and paragraphs and articles of the budget law sent by the government to the House of Representatives. "

The previous government had sent the bill to the House of Representatives, but the latter rejected the law in principle after the reservation of many of the mass on a number of paragraphs, while demanding the government to make radical amendments to the budget materials.

The Chairman of the Finance Committee MP Saffar, saying that "texts related to the installation of contracts and change the daily workers to the contractors are the proposals sent by the government within the draft budget law, as well as a large number of members of the House of Representatives to submit proposals like the Financial Committee," pointing out that "a vote The House of Representatives on these proposals will force the government to develop a certain plan to stabilize the owners of contracts.

"The government has focused on the proposals voted by the House of Representatives to install the contracts of sectors that I described as necessary, such as electricity and oil and turn them into permanent owners," he said, adding that "the contract holders of other sectors of government is bound The government, not the parliament or the finance committee. "

The Council of Ministers has decided to equalize the contract holders with the employees and cover them with the privileges and rights obtained by the employee in the state such as loans, housing, allowances and retirement, as well as giving them priority in appointing permanent owners according to need and specialization and calculating their services for the purposes of premium, promotion and retirement.

"However, the parliament is unable to add new paragraphs and articles in the federal budget law because it has financial implications on the government that we filed before the Federal Court."

And reveals that "the House of Representatives added about 37 articles on the budget law during the course of the session of parliament, which ended at dawn last Thursday," pointing out that "the parliamentary finance committee was not happy to add new paragraphs on the law of the general budget."

The MP from the Kurdistan Democratic Party bloc that "the draft budget law has become a component after these additions and proposals made by a group of deputies of nearly eighty articles," stressing that "some of these materials transfers, and another section with financial consequences may be a pretext for the government to challenge Before the Federal Court. "

The draft federal budget law of 2019, which was sent by the Council of Ministers to the House of Representatives on October 24, 2018 of (52).

"The government agreed with the Parliamentary Finance Committee during the review of the law not to exceed the ceiling of spending to avoid the increase in the amount of disbursement specified in the draft law," he said, expecting "the government to appeal before the Federal Court on some of the materials added in the voting session."

The Kurdish MP to the position of his commission of these additions, which was made without review, saying that "the parliamentary finance was embarrassing from the additions of the House of Representatives on the law of the budget proposed by the members of the Council," stressing that "its final position is in the service of the Iraqi citizen.

" Al-Saffar pointed out that "the parliamentary finance after the completion of the revision of the draft budget law did not add material financial implications for the government, but only to conduct transfers in the exchange sections through the overstatement of the expenses of some ministries."

"The size of this transfer did not exceed (4) trillion dinars. Our goal was to create jobs for different sectors and ministries in the Iraqi state, "adding that his committee" carried out transfers by the central bank budgets as well as from the ministries of electricity, oil, interior and defense. "

The deputy of the province of Dohuk that "the text of the draft budget law by the Parliamentary Finance Committee authorizes the government to install contracts and workers daily aims to create social justice among the members of the community," explaining that "the confirmation of owners of contracts and workers daily by the government will be based on precedence and service and need The government agency in which the contractor operates ".

He pointed out that "the installation of contracts in all sectors and ministries is up to the government, which will resort to issuing instructions to implement its previous decisions to resolve the problems of contract holders and day laborers."

In a related context, the MP talks about the circumstances of the adoption of the Federal Budget Law 2019 in the House of Representatives, which he described as "extraordinary" saying that his committee "worked for 38 consecutive days during which it met a number of ministers and officials and ended by voting on the law."

He explained that "the first review found the draft budget law prepared by the previous government devoid of the terms and paragraphs of the ministerial platform introduced by the new government," noting that "the parliament and the government participated in the preparation of the budget law again."

However, the head of age, "the federal budget law for the year 2019 is not the level of ambition to address all the problems and repercussions suffered by the Iraqi citizen," while saying that the lack of time and exceptional circumstances in which the government and parliament caused this wording.

On the other hand, says a member of the Finance Committee Majid al-Waeli that "the decision to install the owners of contracts and workers a day a government decision already approved the General Budget Law, which included the installation of contracts of the Ministry of Electricity and lecturers in the Ministry of Taxation."

"The number of contractors of the Ministry of Electricity who will be installed on the permanent staff reaches 35 thousand," Al-Waili said in a statement to Al-Mada.

"The ministry’s statistics are about 15 thousand, with an allocation of 120 thousand Dinars to the lecturer who did not include in these appointments monthly. "

He continued that "the owners of contracts in the ministries and various departments will enjoy the same privileges granted to the employee with a precedence in the appointments based on the decision of the Council of Ministers."

He pointed out that "the House of Representatives added to this article on the confirmation of contracts formula or phrase obliges the government to install electricity contracts and lecturers in the Ministry of Education on the permanent owners," stressing that "the budget was compressed in terms of funds and degrees of employment and revenue is limited can not increase."

He points out that "any addition with financial consequences may make the budget law vulnerable to challenge by the federal government," stressing that "the federal budget law provided for the installation of owners of electricity contracts and lecturers."

The MP discusses the reform alliance to talk about the articles that have been added to the law of the general budget, saying that "there are materials added by his committee and others were presented as proposals by the members of the House of Representatives," stressing that "among these materials conversion certificates in the Ministries of Defense and Interior To civil ministries ".

The MP did not rule out the province of Najaf, "the possibility of stabbing the government some of the articles of the General Budget Law, which was added in the voting session," stressing that "new materials that were added required the President of the House of Representatives to achieve the financial abundance to implement."

In regard to the articles that fell by voting within the House of Representatives MP Majid al-Waeli that "the House of Representatives dropped the article that gives the Ministry of Taxation commissioned the Nahrain printing press books exclusively and processing directorates books and school supplies," noting that "After dropping this article will be printing books for all Iraqi printing presses After lifting the privacy and dropping it from the Nahrain Press. "

He continued that "the rejection of article (14) of the budget law, which was granting the Iraqi state departments to expand investment in the private sector on the lack of guarantees to implement correctly," pointing out that "the aim of the refusal is to push the private sector towards the adoption of the investment law."

Article (14), which was dropped in the budget law to grant ministries and entities not linked to the Ministry and the provinces to expand the opening of private investment and participation with the private sector within the limits of competence.

https://www.sotaliraq.com/2019/01/27…2%D8%B1%D8%A9/

Iraqi Ministry of Electricity and GE Power celebrate inauguration of Baghdad West North Substation

Underlining their joint commitment to support the development of Iraq’s power infrastructure, the Iraqi Ministry of Electricity (MoE) and GE Power’s Grid Solutions business (NYSE: GE) celebrated the energization of the Baghdad West North substation.

Located about 35 kilometers away from the city, the substation can help connect up to 1,000 megawatts (MW) to the national grid, decreasing bottlenecks and increasing the hours of available power. The event was attended by H.E. the Prime Minister of Iraq, Adil Abdul-Mahdi, senior officials of the Iraqi Ministry of Electricity including H.E. Minister Luay Al-Khatteeb, various government entities, GE and other organizations.

H.E. Luay Al-Khatteeb, Minister of Electricity, said:

“The Iraqi Ministry of Electricity is seeking to provide reliable, uninterrupted power across the country. The opening of the Baghdad West North substation reflects our efforts to achieve this goal. The substation will play a critical role in helping to deliver much-needed power, especially in the upcoming summer months.”

GE’s scope of work for the turnkey 400/132/11 kilovolt (kV) gas insulated substation project included the design, equipment manufacturing, site delivery, erection, testing & commissioning, and training of personnel. The project’s construction, erection, commissioning, and testing was completed by GE Iraqi engineers in collaboration with local Iraqi subcontractors.

The facility can feed 132 kV substations at Kadhmiya, Al Shualla and Al Sabbeaat, as well as another five substations that are planned to be developed in the future and helps connect power from the Basmaya Power Plant, Taji Gas Power Plant and mobile gas power plants to the national grid.

The energization of the substation reflects our commitment to support Iraq in building a robust electricity infrastructure,” said Mohammed Mohaisen, President & CEO of GE Power’s Grid Solutions business in the Middle East, North Africa and Turkey.

Our turnkey approach to project development helps bring best-in-class technology and expertise across every touch-point of the project. As a partner in the country’s progress, we will continue to deliver on our promise to the Iraqi people of supporting the government to build a stable electricity network that meets their needs.

Following the agreement for the Baghdad West North substation, GE also signed a US$400 million agreement to develop and rehabilitate 14 additional electric substations, and to supply critical equipment such as transformers, circuit breakers and other related equipment.

The substations will connect power plants spread across the governorates of Ninawa, Salah Al Din, Al Anbar, Karbala, Baghdad, Qadisiyyah and Basra to the national grid. Several of the locations, in conflict-affected areas, have an immediate need of reliable power infrastructure.

GE employs up to 300 people in Iraq and has three offices in the country – in Baghdad, Basra and Erbil. Today, GE and its partner CFMI power more than 90 percent of the aircrafts operated by Iraqi Airways, the company’s technologies contribute up to 55 percent of the current electricity production in Iraq and nearly 4,000 GE Healthcare products are deployed in hospitals and clinics across the country.

(Source: GE)

Years imprisonment for the former mayor of Baghdad for intentional damage of more than 12 million dollars
1/23/2019

(Al-Mustaqbal) … The Integrity Commission said on Wednesday that the Iraqi Criminal Court of Integrity had sentenced in absentia to seven years in prison for both the Mayor of Baghdad and the Director General of the Department of Parks in the former "Secretariat of Baghdad"

for causing intentional damage to more Of the (12,000,000) million US dollars with the funds and interests of the entity in which they were working.

The Department pointed out in its talk about the details of the case, that the convicted fugitives, they agreed and participate in damage to the funds and interests of the Secretariat of Baghdad during the contract on the project to develop the army channel, indicating that it was contracted with an Egyptian company and local,

based on the decision of the main committee to contract in the Secretariat without preparation The estimated costs of the project, and the amount of damage amounted to (12,165,350) million US dollars.

The court noted that the court, after reviewing the evidence obtained in this case represented by the legal representatives of the General Secretariat of the Council of Ministers and the Secretariat of Baghdad, who requested the complaint against the accused,

in addition to the administrative investigation including their review and referral to the judiciary, Which the Court found sufficient and convincing to convict in accordance with the provisions of Article 340 of the Penal Code in terms of Articles 47, 48 and 49 thereof.

The Chamber noted that the ruling included issuing an arrest warrant, carrying out a fundamental search of the accused and supporting the seizure of their movable and immovable property, while the affected parties (the General Secretariat of the Council of Ministers and the Secretariat of Baghdad) retained the right to seek compensation before the civil courts. End)

https://mangish.net/%D8%A7%D9%84%D8%…-%D9%84%D8%B6/

Baghdad investment threatens to withdraw leave from companies faltering
1/21/2019


Investment Authority threatened to impose fines and the withdrawal of leave from companies suspended or lagging in the completion of projects.

The head of the body, Shaker Zamili, in a statement quoted by the newspaper "morning" and the official view of "economy News", "The body and in its efforts to reduce the housing crisis in Baghdad, continue to control and supervision of projects," adding that "all residential complexes implemented by Investment companies are lagging behind, as a result of non-implementation by the concerned parties their obligations under the law to complete the process of linking external infrastructure of projects.


Al-Zamili called on all parties involved in the investment process to fulfill their obligations stipulated in the Investment Law No. (13) of 2006 amending the distribution of complexes and solving part of the problem of housing in Baghdad.


He stressed that "his department directed all investment companies and investors who carry out their work to submit official papers to the Commission to prove the reasons for the delay. Otherwise, the provisions of Article 28 of the Investment Law will apply the amended No. 13 of 2006 and the withdrawal of the investment license."


The Chairman of the Investment Commission of Baghdad, the "guidance of the Commission owners of investment licenses granted who did not complete the process of handing over the land to them and the approval of designs and the signing of contracts with the owners of land, to review the Commission to complete the procedures and the termination of all belongings to start the project, otherwise the investment license will be canceled."

http://economy-news.net/content.php?id=15148