Al-Kazemi will exit Saudi Arabia with five major agreements and a joint fund with a capital of three billion dollars




2021-03-31 16:34



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Shafaq News / The Media Office of the Iraqi Prime Minister issued the joint Iraqi-Saudi statement after the visit of Prime Minister Mustafa Al-Kazemi to the Kingdom of Saudi Arabia.

The statement stated, “Based on the brotherly and historical ties and ties between the Republic of Iraq and the Kingdom of Saudi Arabia and their brotherly peoples, and a desire to develop relations on solid foundations and principles, foremost among which are Arab and Islamic brotherhood, good neighborliness and common interests, and in response to a generous invitation from the Custodian of the Two Holy Mosques King Salman bin Abd. Aziz Al Saud, King of the Kingdom of Saudi Arabia, Mustafa Al-Kazemi, Prime Minister of Iraq, visited the Kingdom of Saudi Arabia on March 31, 2021. ”

He added, “A session of talks was held between Mustafa Al-Kazemi, Prime Minister of Iraq, and His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, which dealt with prospects for bilateral cooperation between the two brotherly countries and ways to enhance them in all fields.” .

He said, “Views were also exchanged on issues and issues of concern to the two countries, on the regional and international arenas, in a way that contributes to supporting and strengthening security and stability in the region and the world.”

The two sides praised the results of the meeting that took place between the Prime Minister of Iraq and the Custodian of the Two Holy Mosques, via video communication on March 25, 2021, and the two sides emphasized the importance of what was discussed and understanding on during that meeting, especially with regard to strengthening relations between Iraq and the Kingdom, and enhancing the work The Saudi-Iraqi Coordination Council.

They expressed their satisfaction with the level of cooperation and coordination between the two countries, stressing their determination to continue and deepen aspects of cooperation and coordination between them in order to serve the common interests in the political, security, military, commercial, investment and tourism fields, and praised the achievements of the Iraqi-Saudi Coordination Council and the agreements and memoranda of understanding that resulted from it and the importance of urging the ministries and relevant authorities to The two sides follow-up and activate aspects of cooperation in a way that allows optimal investment for all potentials and opportunities available to enhance integration between the two countries, solidarity in facing common challenges, and build on the positive results previously achieved in the mutual visits between officials of the two countries during the last period.

On the level of bilateral relations, the two sides affirmed their keenness to expand bilateral cooperation in various fields and to activate the agreements and memoranda of understanding reached between the two countries, and urged the ministries and relevant authorities in the two countries to make more efforts to ensure the speedy completion and implementation of these agreements.

They also stressed the continuation of joint cooperation and coordination in facing the threat of extremism and terrorism, as a threat to the countries of the region and the world through the exchange of expertise and experiences between the competent security authorities and centers in the two countries, and agreed to continue to support the efforts of Iraq in cooperation with the International Coalition to confront the remnants of the terrorist organization ISIS. The importance of joint cooperation in securing the safety of the borders between the two countries.

The two sides agreed on the following:

1- Establishing a joint Iraqi-Saudi fund, the capital of which is estimated at three billion dollars, as a contribution from the Kingdom of Saudi Arabia in promoting investment in economic fields in the Republic of Iraq, for the benefit of the Saudi and Iraqi economies, with the participation of the private sector on both sides.

2- Cooperation in the fields of energy and renewable energy and activating and accelerating the joint action plan under the umbrella of the Saudi-Iraqi Coordination Council, with the need to continue cooperation and coordination of positions in the petroleum field, within the scope of work of the Organization of Petroleum Exporting Countries (OPEC), and the agreement (OPEC +), with Full commitment to the requirements of the agreement, the compensation mechanism, and all the decisions that have been agreed upon to ensure the stability of the global oil market.

3- The completion of the electrical interconnection project due to its importance for the two countries.

4- Enhancing coordination in the field of mutual support and support within the framework of multilateral diplomacy.

5- Enhancing investment opportunities for Saudi companies and calling them to expand their activities in Iraq and in various fields, and in reconstruction efforts.

The Republic of Iraq appreciated the participation of the Kingdom of Saudi Arabia in the Kuwait Conference for the Reconstruction of Iraq, which was held during the period 12-14 February 2018, and its pledges and contribution to it, and it was agreed to coordinate between the two sides to agree on the means and aspects of the aforementioned support, as well as the initiatives provided by the Kingdom of Saudi Arabia. For the Republic of Iraq in the field of confronting the Corona pandemic (Covid-19).

The Republic of Iraq commended the announcement by His Royal Highness Prince Muhammad bin Salman Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, of the Saudi Green Initiative and the Green Middle East Initiative, which will be launched soon, which expresses the Kingdom and the region’s direction to protect the land and nature in order to achieve global goals. With an emphasis on working with the Kingdom for everything that achieves these initiatives and their goals.

Bilateral agreements were signed that included (an agreement to avoid double taxation, an agreement for cooperation in the field of development planning for economic diversification and private sector development, a cooperation agreement between the Saudi Contractors Authority and the Iraqi Contractors Union for the reconstruction of Iraq, and the agreement for financing Saudi exports to Iraq).

Two memoranda of understanding and cooperation were also signed which included (a memorandum of understanding between the Iraqi Media Network and the Saudi Radio and Television Authority, and a memorandum of cooperation between the King Abdul Aziz House in the Kingdom and the House of National Books and Documents in the Republic of Iraq).

On the level of regional issues, the two sides agreed to intensify cooperation, coordination and exchange of views on issues and issues of concern to the two countries on the regional and international arenas, in a way that contributes to supporting and strengthening security and stability in the region, and the need to keep them away from tensions and their causes, and the joint endeavor to establish the foundations of security and sustainable stability.

The two sides stressed the security, safety and stability of the region, and urged all neighboring countries to adhere to the principles of good neighborliness, common interests and non-interference in the internal affairs of countries, and in this context, the Prime Minister affirmed his support for the initiative of the Kingdom of Saudi Arabia to end the Yemen crisis.

Prime Minister Mustafa Al-Kazemi expressed his thanks and appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, to His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, and to the Kingdom’s government for the warm reception he and the accompanying delegation received. And warm hospitality.

Media Office of the Prime Minister

Masrour Barzani: Approval of the budget paves the way for recovery from the era of difficult economic challenges

Kurdistan Region

Masrour Barzani


The Iraqi budget

2021-03-31 15:37



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Shafaq News / Today, Wednesday, March 31, 2021, the President of the Kurdistan Regional Government, Masrour Barzani issued a statement after the Federal Parliament approved the draft federal budget bill for the fiscal year 2021.

Barzani said, “With the support of the majority of Kurdish parliamentary blocs, the Federal Parliament approved today the Budget Law, and we hope that this will pave the way for a recovery from the era of difficult economic challenges in Iraq and the Kurdistan Region.”

He added, “Here, I can only express my sincere thanks to the negotiating team in the Kurdistan Regional Government for persevering in their hard work for many months. I also thank the Kurdish blocs in the Federal Parliament for their strenuous efforts. This law was a compromise and was necessary for Iraq and the Kurdistan Region.” We did not achieve everything we sought, but this law is in accordance with the main principles of the constitution that we have not withdrawn from, as the rights and duties of both sides have been recognized, and we encourage the progress that has been made, and we are pleased with what has been achieved. ”

He said, “And as I hope to see every article of the budget law applied and that the federal dues are finally back to the Kurdistan Regional Government, the full application of the law would do justice to both governments regarding financial dues disputes since 2004, as the budget law will strengthen a new mechanism between the two oversight offices Federal and regional finance, and these steps, in turn, will enhance confidence and cooperation, two of the essential principles that most of our work is focused on achieving.

The Prime Minister of the Kurdistan Regional Government said, “I spoke today with Prime Minister Mustafa Al-Kazemi and thanked him for his support. She also stressed the need to fulfill these obligations and send financial dues as soon as possible, and also reminded him that these countries, and the Iraqi people, can achieve the best through Working with and through Kurdistan, I also spoke with Deputy Prime Minister Kak Qubad Talabani, and I commended him and the negotiating team for their hard work. ”

He said, “Today, the budget law has restored a glimmer of hope regarding the relationship with the federal government, and although the law cannot decide on the long list of problems or end the injustice of the past, I hope that it will contribute to achieving more confidence among the citizens of the Kurdistan Region.”

On Wednesday, the Iraqi parliament voted on the federal budget law for the fiscal year 2021, with a deficit of more than 28 trillion dinars, and a tug of war that lasted for months.

The general budget revenues amounted to more than 101 trillion Iraqi dinars, while expenditures were estimated at 129 trillion.

The price of a barrel of oil was calculated in the budget at $ 45 instead of the Iraqi dinar, and the government’s proposed price for the dollar was fixed at 1450 dinars per dollar, according to a member of the Finance Committee, Muhammad al-Shabaki told Shafaq News.

Parliament also voted for the Kurdistan Region’s share of 12.67 from the size of the general budget, about 10 trillion dinars.

Passing the 2020 budget was stalled due to disagreements and a financial crisis, at a time when Iraq voted on the general budget for 2019, which amounted to 106 trillion dinars, while expenditures were estimated at 133 trillion dinars, with a deficit of 27.5 trillion dinars.

Saleh blesses the approval of the budget and stresses the entitlement to implement it

Time: 03/31/2021 23:34:14 Read: 221 times

Barham Salih,

we congratulate the vote on the budget, and we salute the tireless work between the government and parliament, and we hope that it meets the aspirations of our people for better living conditions.

In front of us now is the entitlement to implement in a way that guarantees the interests of citizens and rebuild the nation, and to take maximum measures to support low-income classes, provide job opportunities for our youth, and combat corruption.

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Parliament votes to dissolve itself by this date

Time: 03/31/2021 23:12:55 Read: 3,822 times

{Politics: Al Furat News} The House of Representatives voted in its session held on Wednesday evening to dissolve the parliament on the 7th of next October.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

A representative source stated (to Euphrates News) that “the House of Representatives voted to dissolve itself on 10/7/2021 and that the elections will be held on 10/10/2021.”

Wafa Al-Fatlawi

Parliament votes on the 2021 budget bill in full

Time: 03/31/2021 23:10:00 Read: 1,794 times

{Economic: Al Furat News} The House of Representatives voted on the draft federal budget bill for 2021 in full, to end a debate that lasted for months.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

Parliament added 12 new articles to the law, while removing four of it, namely (38 – 42 – 43 – 47). ”

The size of the budget reached 129.9 trillion dinars (about 89 billion dollars).

Parliament has passed one of the most prominent budget articles, which are the dues of the Kurdistan region, in Article 11 of the law.

Ammar Al-Masoudi

The exchange rate rises significantly in conjunction with the vote on the 2021 budget

1,607 Sweeteners 2021/03/31 20:29

Baghdad Today – Baghdad

The exchange rate of the US dollar against the Iraqi dinar recorded a significant increase in the last hour, in conjunction with the holding of the voting session on the general budget.

The exchange rate increased by 500 dinars per 100 dollars after the start of voting on the budget, to reach 146,250 dinars in Baghdad’s exchange for sale, while the purchase price was 145,250.

The exchange rate rose to 146,500 for sale in the Kurdistan region for sale and 145,250 for purchase, while 1460 dinars were recorded for sale in most southern cities and 1450 for purchase.

The council voted earlier on the first article of the 2021 budget, which included fixing the exchange rate at 1450 dinars to the dollar.

Today, Baghdad publishes the most prominent paragraphs and articles voted on during the budget voting session so far.

– Voting on the rights of martyrs affirmed in Article 29 

– Compensation for those affected by terrorist acts

– Voting on disbursing end-of-service benefits to former army personnel

– Abolishing Article 20 of taxing employee salaries

– The Ministries of Defense and Interior are obligated to transfer the ranks of those who have a bachelor’s degree to civil owners of the same Ministry.

The Ministry of Labor and Social Affairs contracts with a thousand people as a social researcher.

– The Ministry of Culture, Tourism and Antiquities

contracts with 150 people for the purpose of covering their needs – Include all allocations of contracts and lecturers in the Ministry of Education

– Appointment of medical and health professionals, scientists, first graduates and holders of higher degrees

– Abolishing Article 20 of taxes on employee salaries

– Allocating 400 billion dinars for the Faw port project.

Allocating $ 30 million for water desalination projects in Basra.

Allocating funds for health to build fast-track hospitals with a capacity of 100 beds.

Allocating funds to build 1000 schools in various governorates, according to the population percentage.

– Allocating the necessary funds for the development and reconstruction of Sadr City.

– Voting on Article 11 regarding the Kurdistan region’s budget share

The Kurdish government delegation headed by Talabani arrives in the Iraqi parliament

Kurdistan Region


The Iraqi Parliament

Qubad Talabani

2021-03-31 12:31



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Shafaq News / A Kurdish government delegation arrived, on Wednesday, to the Iraqi Parliament to accompany the vote on the budget law.

Shafaq News Agency correspondent said, that the delegation headed by the deputy head of the regional government, Qubad Talabani, arrived in the parliament and went to the headquarters of the Kurdish parliamentary blocs, in order to closely look at the vote on the paragraphs of the Federal Budget Law for the year 2021, and to ensure that the quorum for the session was not broken.

The House of Representatives held today a voting session on the budget law, and the session witnessed the withdrawal of the State of Law and the National Approach blocs and a number of deputies, while the session continued under the chairmanship of Muhammad al-Halbousi, and the vote was taken on all articles of the budget law.

The Iraqi parliament also voted on Article 11 of the General Budget Law for the Kurdistan Region’s share, after months of tugging.

Parliament votes on the first article and fixing the dollar exchange rate



The Iraqi Parliament

dollar price

The budget

2021-03-31 11:18



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Shafaq News / The House of Representatives voted on Wednesday on the first article of the budget law, which includes adopting the price of one barrel of oil at 65,000 Iraqi dinars, as well as the exchange rate of the dollar, 1450 dinars per dollar.

The proposal for the first article stipulates the calculation of the price of a barrel of oil at 65,000 dinars without mentioning the determination of the exchange rate, which prompts the fixation of the dollar exchange rate, as proposed at 1450 dinars per dollar.

The article stipulates the following, according to what the committee has proposed, Article -1 – First – a – The revenues of the federal budget for the fiscal year 2021 are estimated at (101320141984) one thousand dinars (one hundred and one trillion three hundred twenty billion one hundred and forty one million nine hundred and eighty-four thousand dinars) As shown in the table / a. Revenues according to the preparation attached to this law.

B – Calculating the estimated revenues from exporting crude oil on the basis of the average price of (65,250) Majlis al-Nuwar (sixty-five thousand two hundred fifty dinars per barrel and an export rate of (3,250,000) barrels per day (three million two hundred fifty thousand barrels per day), including (250,000) barrels Daily (two hundred and fifty thousand barrels per day) for the quantities of crude oil