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Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth

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Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth Empty Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth

Post by claud39 on Sun May 31, 2020 11:13 am

Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth


05/31/2020



Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth 21124







Economy News _ Baghdad



The Economic and Banking Adviser to the Association of Iraqi Private Banks, Samir Al-Nassiri, confirmed on Sunday that the Al-Kazemi government’s initiative to reconnect with the Gulf countries, which started with an important and serious visit to the Minister of Finance to Saudi Arabia and Kuwait, and announced the intention to visit all Gulf and regional countries after a break and stopped for the coordination meetings of the Iraqi-Saudi Coordination Council after the visit The last of the large Saudi delegation, which included 7 ministers and a large number, with 113 government and private officials, to Baghdad in April 2019.

Al-Nusairi said in an interview with "Al-Iqtisad News", it is an important initiative to return Iraq to its Arab depth and openness to building balanced political, economic and security relations with brotherly and friendly countries, especially with the countries of the geographical region, in which the Arab depth of Iraq forms the basis and substance, indicating that it is a sure sign of The new foreign relations strategy adopted by Iraq since 2017.

He added that the first of these relations is the emergence of the Coordination Council with the Saudi side and held its first meeting in November 2017 in Saudi Arabia, and the signing of 13 memoranda of understanding for the previous government during the resignation of the resigned Prime Minister, but the relations did not continue according to the goals and principles agreed upon by the two parties for political and subjective reasons.

 It is clear that the strengthening of the Iraqi-Gulf relations in all political, security and economic fields, in particular cooperation and communication, and the strengthening of banking relations between them, especially in foreign banking transactions, and the stimulation and encouragement of investment companies to invest in Iraq will lead to the enhancement of financing and investment fields, in particular projects for the reconstruction of liberated cities.

Al-Nusairi pointed out that the Iraqi economy is currently going through a critical and complicated stage and a suffocating financial crisis because of its low oil revenues, the main resource for the general budget, and this coincided with an outbreak of Corona’s misdemeanor and its effects on the economies of most of the world, including what the Iraqi economy currently suffers, and since one of the priorities of the new government is to overcome the crisis Economic and eradication of the epidemic in addition to political and security tasks.

He noted that it requires the government, especially after the wide international, regional, Gulf and Arab openness to Iraq and the beginning of building new relations, and that what we are concerned with here is the future of international economic, financial and banking relations in general and with the Arab Gulf states in particular and some Arab countries of influencing economic depth and extending the bridges of the relationship together so as to serve the opening New horizons for communication, for exchanging benefits, encouraging Arab investment in Iraq, developing infrastructure and banking technology, increasing inter-bank transactions, and finding new ways to cooperate with correspondent and discreet banks in those countries.

Al-Nusairi stressed that it is necessary to take advantage of the results of the bilateral meetings that took place between the Central Bank of Iraq and the relevant ministries and representatives of the Gulf countries who visited Iraq during the past year and with the important participation of the Iraqi private sector and in particular the private banking sector to draw a road map for communication and joint coordination for the purpose of actual direct To develop what has been reached from the general lines for building and restoring economic, financial and banking relations that have been broken off for several decades, emphasizing the agreement to develop and open broad horizons for cooperation in the economic and banking fields, correcting previous tracks, and overcoming all obstacles that stand in the way of building sound and solid banking relations. 

Al-Nusairi called for the necessity of joint banking cooperation with Saudi Arabia in all areas that enhance, activate and develop external banking transactions, encourage and stimulate investment, build capabilities, qualify and train Iraqi banking cadres, and open branches of Saudi banks in Iraq and branches of Iraqi banks in Saudi Arabia, as well as establish banks with joint Saudi and Iraqi contributions.
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Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth Empty Re: Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth

Post by claud39 on Sun May 31, 2020 11:17 am

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Post by claud39 on Sun May 31, 2020 12:10 pm

2020-05-31








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Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth Empty Finance Minister: Iraq will open a new page with Saudi Arabia and Kuwait economically

Post by claud39 on Sun Jun 07, 2020 6:35 pm

Finance Minister: Iraq will open a new page with Saudi Arabia and Kuwait economically


June 08, 2020





Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth 1024










Direct: The Iraqi Minister of Finance said that his country will open a new page with Saudi Arabia and Kuwait in the economic field.




Ali Abdul-Amir Allawi stressed, today, Sunday, in a press conference, that the government is working to address the financial crisis without affecting the low-income, pointing out that his visit to Kuwait was of an economic rather than political nature, according to the Iraq News Agency "conscious".




Allawi added that Iraq has a financial deficit estimated at five trillion dinars per month, and oil gives us approximately 92 percent of the state’s revenues, while 25 percent of the national product goes to salaries and allocations, pointing out that it will work to stimulate the private sector to play a leading role in promoting development.




The minister pointed out that the government is working to address the financial crisis, through the application of new policies so that it does not affect the low-income, indicating that the OPEC agreement contributed to the increase in oil prices to three times.




Nominations




https://www.mubasher.info/news/3650101/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%B3%D9%8A%D9%81%D8%AA%D8%AD-%D8%B5%D9%81%D8%AD%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%85%D8%B9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D8%A7/
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Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth Empty Iraq intends to restore balance in the trade file with neighboring countries

Post by claud39 on Sun Jun 07, 2020 6:57 pm

Iraq intends to restore balance in the trade file with neighboring countries




07.06.2020



Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth 5edd5d874c59b777b566d155







Iraqi Finance Minister Ali Allawi stressed his country's intention to restore trade balance with neighboring countries, stressing efforts to stimulate the private sector.






He said during a press conference: "Iraq has a fiscal deficit estimated at 5 trillion dinars per month (approximately $ 4.2 billion), because oil gives us 92% of the state's revenues," noting that "25% of the national product goes to salaries and allocations."

He pointed out that "work to stimulate the private sector plays a leading role in promoting development."

He added that "Saudi exports to Iraq are equivalent to only 10% of Turkey and Iran, and we want to rebalance," stressing that "Saudi Arabia has made clear that the bureaucratic environment in Iraq is preventing investment."

He continued: "We discussed solutions to that, and we will open a new page with Saudi Arabia and Kuwait in the economic field."

Source: RT




https://arabic.rt.com/middle_east/1122119-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%AA%D9%88%D8%A7%D8%B2%D9%86-%D9%85%D9%84%D9%81-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%AC%D9%88%D8%A7%D8%B1/
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Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth Empty Finance Minister: Iraq will open a new page with Saudi Arabia and Kuwait in the economic field

Post by claud39 on Sun Jun 07, 2020 9:55 pm

Finance Minister: Iraq will open a new page with Saudi Arabia and Kuwait in the economic field


08-06-2020 





Al-Nusairi: Iraqi-Gulf economic ties are a step in the right direction for Iraq to return to its Arab depth Image



Baghdad / News:

The Minister of Finance Ali Abdul Amir Allawi revealed today, Sunday, the details of his visit to Kuwait and Saudi Arabia, indicating that the government is working to address the financial crisis without affecting low-income people.

Allawi said in a press conference, "His visit to Kuwait was of an economic rather than political nature, as Iraq will open a new page with Saudi Arabia and Kuwait in the economic field."

He added that "Iraq has a fiscal deficit estimated at five trillion dinars per month, and oil gives us approximately 92 percent of the state's revenues, while 25 percent of the national product goes to salaries and allocations," noting that "it will stimulate the private sector to play a leading role in promoting development ".

He pointed out that the government is working to address the financial crisis, through the application of new policies that do not affect low-income people.

On OPEC, the Finance Minister stressed that "the OPEC agreement contributed to the triple increase in oil prices."






https://www.ikhnews.com/index.php?page=article&id=218243
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