Parliamentary Finance intends to reduce the sale of hard currency and open the auction file

, a source in the parliamentary Finance Committee, on Thursday, the Commission ‘s intention to open an auction sale currency file, while noting that it would take several measures to reduce the sale of hard currency.

The source said in an interview for Alsumaria News, "The Finance Committee will work in the next few days to open the file auction currency in order to codify the waste in the sale of hard currency, which is the Central Bank,"

noting that "it is unfair that the bank sold more than 300 million Dollars per day without reflecting on the services and imports of customs and taxes to maintain the exchange rate. "

The source, who asked not to be named, said that "this caused great damage to the Iraqi economy and its inputs through which are compensated state budgets,"

noting that "the Finance Committee is taking urgent measures to reduce the sale of the Central Bank of hard currency amounting to about 100 million dollars Daily instead of $ 300 million a day through strict control to reduce waste of public money. "

It is noteworthy that the Central Bank is conducting daily meetings to buy and sell foreign currencies, except public holidays, which stops the bank from these auctions.…D8%B9%D8%A8/ar

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 Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. 

Merger of parliamentary committees further sidelines Iraqi women

There are no easy options for Iraqi graduates who want to continue their education with post-graduate studies.

If they have good grades, they may try to obtain one of the few free spots at a public university in the country. If their grades are not good enough to take that path, they could try to find a private university in Iraq to attend or opt to study abroad, which could be cheaper.

Given this situation, a growing number of post-graduate students are choosing to leave Iraq, bound for neighboring countries or India, where numerous post-graduate programs are taught in English.

Click here to read the full story.

Parliamentary economic reveal the most prominent amendments to the budget expected

Baghdad: Sumer News
The parliamentary committee on investment and economy, on Tuesday, the most prominent amendments to the budget law, noting that the draft budget law will be presented to the parliament during today’s session.

Committee member Nada Shaker Jodat said in a press statement that "the House of Representatives may discuss the details of the draft budget law in today’s session of the amendments made to it."

"The weighted changes in the budget law will be a significant budget cut due to global oil prices as well as reducing the deficit and lowering the oil price estimates in the law," she said.

The MP for the construction alliance Charter Hamidi revealed in a previous statement to the / information /, talks within the parliamentary finance committee to reduce the price of oil estimated budget by 25%. 9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D8%A7%D8%A8%D8%B1%D8%B2-%D8%A7%D9%84%D8%AA%D8%B9%D8%AF%D9%8A%D9%84%D8%A7%D 8%AA-%D8%A7%D9%84%D9%85%D8%B1%D8%AA%D9%82%D8%A8%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9

Parliamentary finance announces the hosting of most of the officials of the ministries before the adoption of the budget

Baghdad: Sumer News
The parliamentary Finance Committee decided on Tuesday to host most of the officials of ministries, bodies and presidencies to discuss their budgets by a series of meetings before the budget is submitted to vote, indicating that the price of oil is still fixed at $ 56 a barrel.

"The Finance Committee held a meeting today to discuss the budget and proposed amendments to it," Committee member Siham al-Aqili said in an interview.

She added that "the Committee decided to host the majority of officials of the ministries of state and bodies and presidencies to discuss budgets by two ministries at each meeting," noting that "today’s meeting hosted the Minister of Culture to discuss the allocations and budget of the ministry and make the required adjustments."

"Future meetings will witness the hosting of officials of the Ministries of Interior, Defense, Electricity, Oil, Trade and Transport, the Information and Communications Commission, the presidency of the Republic and ministers."

"The price of a barrel of oil in the budget of 2019 is still fixed at $ 56 and 12% share of the region," noting that the Committee is still considering the proposals submitted by members and blocks amendments made.

By Saad Salloum for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

UN seeks to raise awareness of bias against African-Iraqis

A recently convened UN committee addressed discrimination against many minorities in many countries, including Iraqis of African descent. Its conclusions shed light on the marginalization of this almost forgotten minority — forgotten especially years after the 2013 assassination of one of its main leaders, Jalal Diab, in Basra.

Diab had posters of Martin Luther King Jr. and Barack Obama on the walls of his school dedicated to teaching poor African-Iraqis in the slums of the Az Zubayr area of Basra.

The two pictures showed an unexpected awakening of identity in the areas of the oil-rich Basra province where this minority lives. And this same province has witnessed popular protests in recent years.

Click here to read the full story.

How much was the fiscal deficit in Iraq’s budget for 2019?


An increase in the rate of deficit and severe problems in the volume of revenues and transfers and allocations, as confirmed by the Finance Committee parliamentary balance of the two thousand and nineteen.

The member of the Committee Ahmed Al-Saffar that the balance of the year two thousand and nineteen has seen an increase in the fiscal deficit of twenty-six trillion dinars to twenty-seven trillion dinars,

noting that the government did not take all the proposals of the Commission in relation to the points supposed to be amended in the draft financial budget for the next year .

Al-Saffar also said that the draft budget law did not take into account the current situation of Iraq, problems in the liberated provinces, and the relationship between the governments of the center and the region, stressing that the parliamentary finance committee will have an opinion on the draft budget in its current form.

On the other hand, the member of the Finance Parliament Mohammed al-Darraji said that the budget law is very far from the approach of the government of Abdul-Mahdi, pointing out that the final accounts of previous governments did not reach Parliament until the moment and the new government to claim them.

Darraji added that the debts of Iraq exceeded 100 billion dollars in recent years and the central bank to support the budget through treasury bonds and raise the price of the dollar.

As for the problem related to the share of Kurdistan in the budget, a member of the Finance Committee on the mass of the Kurdistan Islamic Group, Ahmed Hama Rashid, the governments of Baghdad and Erbil to comply with all items of the federal budget regarding the share of the region of the budget and the payment of the obligations of the export of oil, Citizens or their living resources.

The Parliamentary Finance Committee hinted at the re-amendment of the federal budget allocations for the year two thousand and nineteen again to the government, because of the failure of the governmental committee to respond to most of its observations and suggestions of deputies.…D8%A7%D9%85/ar

Deputy likely to vote on the budget before the end of the current month

MP on the bloc of reform and reconstruction Star Jabbar al-Atabi, Wednesday, the vote of the House of Representatives on the draft financial budget for the year 2019 before the end of the current month, considering the budget "rent and do not meet ambitions" because of the value of the deficit, which is 27 trillion dinars.

Al-Atabi said in a press interview that "the House of Representatives returned the budget to the government earlier to amend them according to the government program, which in turn decided to form a committee working in coordination with the Parliament to be amended in accordance with the proposals submitted by the Parliamentary Finance Committee,

Indicating that "the House of Representatives completed the first and second readings and the discussion of the budget in previous sessions and was put remarks by all political blocs.

"He added that "the parliament will work in its next sessions and as soon as possible during this month to present the budget to vote as a result of the need to pass in order to walk the affairs of the state,Pointing out that "the decline in oil prices and deficit budget, which amounted to 27 trillion dinars, all made the budget is realistic and does not meet aspirations.

"The House of Representatives held its session held on Monday 24 December 2018 report and discuss the federal budget for the fiscal year 2019.

By John Lee.

Prime Minister Adil Abd Al-Mahdi and Jordan’s Prime Minister Dr. Omar Razzaz have agreed a series of measures to increase cooperation between the two countries.

Following a meeting at the weekend, they announced that, among other steps, they will finalize the framework agreement for the Iraqi-Jordanian pipeline which will run from Basra through Haditha to Aqaba in the first quarter of 2019.

The full (unedited) list of measures outlined in their joint statement is shown below:

In the transport sector:

  • Opening the Jordanian-Iraqi border crossings (Al Karama-Trebil) in front of the (door to door) traffic to start the journey of goods that are perishable on 2-2-2019 and include all types of goods thereafter.
  • Granting facilities for imported Iraqi goods via Aqaba, whose final destination is Iraq, a discount of 75% of the fees charged by Aqaba Economic Authority.
  • Make an Agreement between the Royal Jordanian and Iraqi Aviation for mutual cooperation in various fields: (Code share).
  • Training and cooperation in all areas of aviation and air transport.

In the industry and trade sector:

  • Activating the Iraqi Cabinet decision for the year 2017 exempting a number of Jordanian goods from customs starting from 2-2-2019.
  • The two councils of the two countries decided to allocate the agreed land on the Iraqi-Jordanian border to reach a depth of 2 km on the two sides of the border and a length of 6 km for the Iraqi-Jordanian Company. By 2-2-2019, in preparation for the company’s presentation of the industrial zone to the private sector for operation and management on the basis of BOT.

In the financial sector:

  • Forming a technical and financial legal committee between the two sides to develop solutions to the outstanding financial files between the two countries.

In the energy sector:

  • The agreement was reached on the Jordanian-Iraqi electricity link through the network of interconnection, where the memorandum of understanding was signed in the presence of the prime ministers, in which the parties agreed to take the necessary measures to accelerate the exchange of electrical energy between the two parties through direct electrical connection to the electricity networks of Iraq and Jordan.
  • It was agreed to finalize the framework agreement for the Iraqi-Jordanian pipeline which will extend from Basra through Haditha to Aqaba in the first quarter of 2019
  • It was agreed that the technical committees will arrive to determine the details of transportation and pricing for the export of Iraqi crude oil to Jordan before 2-2-2019.

In the agriculture sector:

  • Training in the fields of optimal use of water in the fields of aquaculture, water harvesting, seed propagation, biological control, the use of environmentally friendly pesticides and the training of Iraqi environmental police.

In the communications and IT sector:

  • It was agreed to pass the Iraqi Internet capacity from Jordan in 2019 to support Iraq build the infrastructure.
  • It was agreed on transport Jordan’s experiences in the field of the financial technology to brothers in Iraq.

(Source: Media Office of the Iraqi Prime Minister)

Deputy: The budget of 2019 is not in the interest of the people and will keep Iraq loaded with debt until 2070


"The budget of the current government is not in the interests of the Iraqi people and will bear us debts for another 20 years," the MP said on Saturday. He pointed out that Iraq until 2054 will remain debt-laden as a result of accumulated loans. .

In a statement received by the ‘news’, al-Ukaili said that "the House of Representatives and without fear of considering the House of Representatives impeding the budget and does not want to approve it and as a result of popular pressure on the street and demands to provide services we would have another option to the budget and our work to return to the government to change radically.

He added that ‘the House of Representatives submitted to the State Committee 47 points and a note called for reform of the budget, but what happened that the Committee approved only 19 amendments’, stressing that ‘the budget in its current form is not in the interest of the Iraqi people and will carry us debt for twenty years to come.’

He added that ‘Iraq until 2054 will remain loaded with debt as a result of accumulated loans, and what was put in the current budget will strengthen the period to 2070’, pointing out that ‘we have spaces through which we can address the situations, especially that the people sitting without work and most of them unemployed and the state did not open them room And at the same time did not give them opportunities to work within their own country. ‘