Iraqi investment announces an openness towards "domestic and foreign" to counter reluctance
Al-Sudani receives a phone call from Russian President Vladimir Putin
On Thursday, the Prime Minister, Muhammad Shia Al-Sudani, discussed with the President of the Federal Republic of Russia, Vladimir Putin, bilateral relations between the two countries, and ways to enhance them, in addition to discussing a number of regional and international files of common concern.
The media office of the Prime Minister said in a statement, which “NAS” received a copy of, (November 24, 2022), that “Prime Minister Muhammad Shia’ al-Sudani received a phone call from the President of the Federal Republic of Russia, Vladimir Putin.”
During the call, according to the statement, they discussed "the bilateral relations between the two countries, and ways to enhance them, as well as a number of regional and international files of common concern."
And the prime minister expressed "the government's keenness to perpetuate the relationship with Russia in various fields. He stressed that the government is pursuing a policy of openness and cooperation with Iraq's regional and international environment in its foreign relations," according to the statement.
For his part, the Russian President congratulated the Prime Minister on the occasion of forming the government, and expressed his wishes for the success of its tasks. He also affirmed Russia's keenness to develop the relationship with Iraq, and the desire to develop it and open horizons for mutual cooperation, according to the statement.
The Parliamentary Investment Committee adds the head of the National Investment Commission to find out the investment reality in Iraq
The Parliamentary Investment and Development Committee, chaired by Representative Vian Abdel Aziz Abdel Rahman, Head of Age, and in the presence of its members, hosted the Chairman of the National Investment Commission and the advanced cadre in the Commission.
And Vian confirmed, according to a statement by the media department of the House of Representatives, that "the committee presented its vision of the investment reality in Iraq, and the problems that impede the wheel of investment."
During the meeting, the members of the committee stressed the need for cooperation and transparency in work in order to develop an investment map through which the necessary facilities can be provided to investors and guarantee the state’s rights in investment projects.
For his part, the head of the National Investment Commission presented the vision of the National Investment Commission to advance the investment reality in Iraq, calling for support for some of the commission’s joints, as well as completing the legislative system that attracts long-term investment in Iraq.
The meeting agreed to hold a joint workshop that includes investment commissions in the provinces in order to listen to problems, overcome obstacles and find effective solutions to them.
Parliament between suspended laws and laws under approval
During the remainder of the second legislative term, the House of Representatives intends to approve a package of economic and service laws during its next sessions, while representatives spoke about the possibility of deporting some controversial laws to the next legislative term due to time constraints.
A package of economic and service laws that Parliament intends to include on its agenda for approval during the upcoming sessions. The Social Security Law, the Investment Law and other laws will be among the most important priorities of the parliament in the coming period, according to deputies.
The Budget Law, the Information Crimes Law, and other laws may be carried over to the new legislative term due to the lack of sufficient time, in addition to the possibility of making many amendments to some of the paragraphs of these laws before reading and voting on them.
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The central bank reveals three reasons behind the increase in its holdings of US bonds
The Central Bank attributed the expansion of Iraq's possession of US Treasury bonds to the increase in cash reserves, while the economic and financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced that Iraq would obtain a high interest of up to 4% in the possession of those bonds.
Salih told Al-Sabah: "The foreign investment portfolio consists of Iraq's official reserves, most of which are central bank reserves, and part of them are government reserves."
He added, "This portfolio is very similar to sovereign wealth funds, especially the reserves of the central bank, and this progress appears thanks to the stability of the purchasing power of the dinar, as these reserves are usually invested in debt instruments, including debt instruments of the United States government, which are (US Treasury bonds) that bear interest." It is high, close to 4%, and is considered high, guaranteed, and rated with a high credit rating. It is part of an old policy to maximize returns through optimal management of foreign investments.
A report by the US Treasury, seen by Al-Sabah, announced that Iraq had advanced two ranks among the largest foreign holders of treasury bonds, as it reached rank 32 among the 38 countries whose holdings exceed more than 32 billion dollars. a
The report added that "Iraq's possession of these bonds amounted to $36.9 billion for the month of September, an increase of 3.65% over August of 2022, and an increase of 105% over the same month of last year 2021, and it ranked fourth as the largest Arab country after Saudi Arabia, Kuwait and the UAE."
For his part, the Deputy Governor of the Central Bank, Ammar Hamad, told Al-Sabah: The increase in bond holdings is due to a number of reasons, foremost of which is the large increase in the reserves of the Central Bank, as well as the expansion of crude oil export revenues, in addition to the lack of a budget law for 2018. 2022, and thus these matters have boosted the bank's foreign reserves. ".
He added, "The mechanism for accumulating dollar revenues necessitates that all oil revenues be deposited into the central bank's account with the US Federal Reserve Bank, with the aim of ensuring the continued investment of these revenues."
He continued, "The increase in oil revenues is continuously invested in other benefits, including diversification on the basis of currencies and balancing between liquidity and the rate of accumulation is higher than the rate of return, but the rate of accumulation is higher than the rate of investment."
Hamed pointed out that “US Treasury securities have almost non-existent risks, and it is the highest liquidity tool compared to debt instruments in the world, so the Central Bank is keen to keep a large part of these securities in light of expectations that the budget law for the year 2023 will be approved soon.” As this results in the central bank facing greater requests to buy dollars from a selling window, these holdings in the currency are expected to decrease, and at that time. It is convertible, and investing in it is one of the best financial strategies that investors can follow in exchange for profitable returns that are paid to buyers in the long term.”
Iraq achieved financial revenues that exceeded 9 billion dollars from the sale of oil last month,
The Ministry of Oil announced, on Thursday, the total oil exports and revenues achieved for the month of October.
According to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), the amount of exports of crude oil amounted to (104) million (831) thousand and (120) barrels, with revenues amounting to (9) billion and (281) million and (647) one thousand dollars.
The statistics indicated that the total exported quantities of crude oil for last October from the oil fields in central and southern Iraq amounted to (102) million (70) thousand and (427) barrels, while the exported quantities of Kirkuk oil through the port of Ceyhan were (2). One million (417) thousand and (893) barrels.
The Ministry of Oil said in a statement today that the average price per barrel amounted to (88,539) dollars.
And she continued by saying that the exported quantities were loaded by (34) international companies of several nationalities, from the ports of Basra, Khor al-Amaya, the mono-buoys on the Gulf, and the Turkish port of Ceyhan.
Iraqi investment announces an openness towards "domestic and foreign" to counter reluctance
The National Investment Commission in Iraq announced today, Thursday, its intention to open up to available local and foreign investments.
The head of the authority, Salar Muhammad Amin, said in a statement received by Shafaq News Agency, "One of the most prominent directions of the authority in the current and near stage is to open up to available local and foreign investments in various sectors, and to identify the most prominent causes of delay and not to move forward with projects and entities that prevent that."
He added that he "meets daily with dozens of investors, businessmen and companies wishing to invest, and learns about the most prominent problems they face, in attempts to overcome these obstacles through direct coordination with the state departments concerned with the investment process."
He stressed that "the advancement of the investment reality for Iraq is one of the most prominent directions of the government and the authority," noting that "the management of the authority is working on this with full strength and transparency, which is positively reflected in the economic arena and contributes to moving the wheel of the economy."
The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, directed the appointment of the resigned investment chief, Suha Al-Najjar, to form a fact-finding committee against the Investment Authority, describing the corruption in the Authority as "unparalleled."
Experts: Oil sales in Iraq are not a measure of economic growth
Economic specialists consider the continued dependence on oil sales that it cannot represent a measure of economic growth unless the various sectors are supported.
Finance issues directives to employees of two departments related to employee salaries
Today, Thursday, the Ministry of Finance issued directives to employees of two departments related to employee salaries.
And a statement by the ministry, received by Mawazine News, stated that “The Minister of Finance, Taif Sami Muhammad, directed today, to continue working hours for the employees of the budget and accounting departments in the ministry for Friday and Saturday, in order to expedite the completion of procedures for financing the salaries of all state employees for the month of November.”
The statement added, "The ministry is in the process of conducting comprehensive audits of some spending units for ministries and agencies not linked to a ministry, which necessitated a delay in releasing salary funds for some of those units, as a result of noting cases of excess spending in relation to 1/12 contained in the Financial Management Law."
The ministry pointed out, according to the statement, that it "continues to count the indicated cases of abuse, and that the procedures are carried out in a very smooth manner," stressing "its strong commitment to complete all employee entitlements according to the specified timelines."
The Central Bank reveals the reasons for the decline in foreign currency sales
Today, Thursday, the Central Bank of Iraq revealed the reasons for the recent decrease in the volume of sales of the foreign currency sale window.
An authorized source in the bank said, in an interview with a reporter (Iraqi Media News Agency / INA), that “the Central Bank of Iraq is working to automate banking business according to the best banking standards, including the establishment of an electronic platform that organizes the external transfer process through the foreign currency sale window, similar to the electronic platform.” that organized the work of letters of guarantee.
He added, "Due to the lack of sufficient readiness of the local banks with the start of the trial application of the platform, the implementation of part of the foreign transfers was postponed, which resulted in a decrease in the volume of sales of the foreign currency sale window."
He emphasized that “the Central Bank continues to strengthen the balances of banks abroad to settle their foreign transactions through the window, which finances imports and other permitted transactions in accordance with the instructions of the window and the application of international standards and the law against money laundering and terrorist financing.”
Iraq aims to profit from the high interest rate of the US Federal Reserve and accumulates its money in US bonds
The data of the US Federal Bank indicate a steady rise in the value of Iraq’s possession of US bonds, as its possession increases monthly due to its transfer of the financial surplus into US bonds, especially with the high interest rate by the US Federal Reserve, which reached 4%, which allows for great interest and profits to be achieved for Iraq instead of leaving The money is in the central bank's drawers.
The government's economic advisor, Mazhar Muhammad, said, "The foreign investment portfolio is formed from Iraq's official reserves, most of which are central bank reserves, and part of them are government reserves."
He added, "This portfolio is very similar to sovereign wealth funds, especially the reserves of the central bank, and this progress appears thanks to the stability of the purchasing power of the dinar, as these reserves are usually invested in debt instruments, including debt instruments of the United States government, which are (US Treasury bonds) that bear interest." It is high, close to 4%, and is considered high, guaranteed, and rated with a high credit rating. It is part of an old policy to maximize returns through optimal management of foreign investments.
And a report by the US Treasury announced that Iraq advanced two ranks among the largest foreign holders of treasury bonds, as it ranked 32 among the 38 countries that possess more than 32 billion dollars. a
The report added that “Iraq’s possession of these bonds amounted to $ 36.9 billion for the month of September, an increase of 3.65% from August of 2022, and an increase of 105% from the same month of last year 2021, and it ranked fourth as the largest Arab country after Saudi Arabia, Kuwait and the Emirates.
Al-Sudani assigned two ministries to expedite the preparation of the budget, and it is likely that it will be approved next year
A member of the Finance Committee in the House of Representatives, Mueen Al-Kadhimi, stated, on Thursday, that the Prime Minister, Muhammad Shia' Al-Sudani, assigned the Ministries of Finance and Planning to expedite the preparation of the draft of the country's general budget for the year 2023.
Al-Kadhimi told Shafaq News agency, that the budget will be identical to the government program, and it will include investment areas in a larger proportion compared to previous budgets to move the Iraqi economy, with funds allocated to the governorates in the development of the regions.
He added that the draft budget law will be ready in the Council of Ministers at the beginning of next month with a total amount estimated at 150 trillion dinars, and then it will be sent to the House of Representatives, expecting that Parliament will vote on the budget law after reading and amending it in January 2023.
And the Prime Minister, Muhammad Shia'a al-Sudani, identified, at the beginning of this month, the priorities to focus on are the federal budget law for next year.
This came during his chairmanship of a meeting that included Minister of Finance Taif Sami, Minister of Oil Hayan Abdel Ghani, Minister of Electricity Ziyad Ali Fadel, and a number of advisors. They discussed the file of the draft federal budget law for the year 2023, and the need to expedite its preparation and send it to the House of Representatives.
Al-Sudani directed the importance of the budget being at the level of ambition, and that it prioritize meeting the needs of citizens in terms of services, as well as taking it upon itself to effectively address the problem of electricity shortages, which greatly affected the life of citizens and the economic sectors in the country.
Prime Minister Mohamed Shia Al-Sudani had previously directed the need to prepare the federal budget law for the year 2023 as quickly as possible.
The previous government headed by Mustafa Al-Kadhimi faltered in sending the draft budget law for the year 2022 before the Iraqi parliament in its previous session dissolved itself in preparation for the early elections that took place on the tenth of October 2021.
It is noteworthy that the financial budget for the current year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.
After the end of the crisis, with the agreement of the political blocs to elect the President of the Republic and to grant confidence to the government of Prime Minister Muhammad Shia’a al-Sudani, the latter pledged that he would present the draft federal budget law for the year 2023 as soon as possible.
And a number of specialists considered that the delay in approving the budget for the current year would negatively affect investment projects and delay ongoing projects, in addition to stopping the economic activities of the market in the country in general.
Opening of the data center and the comprehensive banking system at Al Rasheed Bank
Rasheed Bank announced today, Thursday, the opening of the data center and the comprehensive banking system.
The bank said, in a statement received by Alsumaria News, that "Rashid Bank opened the data center and the comprehensive banking system, which will transfer the bank to electronic dealings in banking operations."
He added: "This system is considered one of the global systems that provide data through a special center where the customer can perform his calculations in any of the bank's branches, regardless of his location, and on the other hand, it reduces the time and shortens the effort for the citizen and the employee."
Head of the Association of Iraqi Private Banks, Wadih al-Handal: Financial inclusion has risen to 33% in Iraq
The head of the Iraqi Private Banks Association, Wadih al-Handal, confirmed that Iraqi banks are continuing the procedures for transforming towards a cashless society in Iraq by increasing financial inclusion, indicating that the association, in cooperation with the Central Bank of Iraq, has succeeded in moving the economic and financial cycle in the country.
Al-Handal said in a speech during his participation in the scientific conference of the Ministry of Finance entitled (The title of the conference is reforming the banking sector, our way to achieve economic advancement) on (November 23, 2022). And its executive departments and their wishes for success and success so that the conference comes out with important recommendations for the development and reform of the Iraqi banking sector and its transfer from banking business to an active contribution to sustainable development. The number of private banks currently operating in the Iraqi market is about 73 private banks and their branches reach about 500 branches that provide various banking services For individuals and companies in all governorates.
He added, "Most of the private banks have proven their ability, sobriety, and national stances during the last period from which Iraq suffered from crises, economic challenges, economic stagnation, and the Corona delinquency, and their continuation of daily work without stopping, despite the total closure of the economy and its institutions operating globally and locally during the pandemic, which is a positive case that is calculated for our banks in crises." Evidence for this is the maintenance of communication with the instructions, directives and implementation of the Central Bank's initiatives, which contributed to supporting the economy and revitalizing the economic cycle during the economic and security shocks in mid-2014 due to the drop in global oil prices and the fight against the terrorist ISIS, and in 2020 they were affected by the Corona pandemic, the drop in oil prices as well, and the economic closure In most countries of the world, including Iraq.
Al-Handal continued, "The Association of Banks is a civil society organization founded in 2004, and most private banks have joined in its membership. It works in partnership and cooperation with the Central Bank of Iraq to develop the banking sector, in a way that contributes to supporting the national economy and sustainable development through the development of microfinance projects, rehabilitating youth, and creating a suitable environment." And a stimulus for entrepreneurship despite the conditions and challenges above and the difficulties it faced, but it was able to develop and catch up with the global banking development through the technical and technical banking developments that were planned by the Central Bank of Iraq and adopted by the Association and implemented by the banks with great interaction and focus on strict adherence to international standards in regulations and rules of compliance and combating Money laundering, terrorist financing and banking risk management.
He pointed out that "steps of development in cooperation with the Central Bank and the Association of Iraqi Private Banks contributed to improving the performance efficiency of most banks, and the issue of good governance and management was in accordance with the governance guide issued by the Central Bank, as well as training and qualifying banking human resources, focusing on youth and recent graduates, and training up to 5,000 trainees in training courses." To develop capabilities, in coordination with the Center for Banking Studies at the Central Bank, based on the goal of investing in human capital, which is one of the objectives of the first and second strategies of the Central Bank, in specialized courses in governance, compliance, international standards, combating money laundering and terrorist financing, international accounting standards, Islamic banking and risk management.
The head of the Association of Iraqi Private Banks explained that "despite the challenges, the Iraqi banking sector has developed structurally, structurally and technically over the past five years through its contribution to economic activities that have a direct developmental impact on achieving sustainable development as stated in the National Development Plan (2018-2022) and Iraq's vision." 2030 And based on our keenness as a private banking sector that constitutes the first basic link in the economy, we are participating today in this conference for the purpose of strengthening the role of private banks in sustainable development and supporting the national economy, based on what was stated in the reform and development goals that the new government seeks to implement in accordance with what was stated in the government program and an attempt to address The notes diagnosed in the reports of the World Bank and the International Monetary Fund on the Iraqi economy.
He pointed out that "one of the main activities of the banking sector, which the Association is working to follow up on implementing its procedures and projects, is working to encourage and stimulate financial inclusion operations and try to raise its rate in Iraq through the adoption of the salary localization project, which is a step to reduce the use of cash and the trend towards the growth of the cashless society, where the rate of cash has increased." Financial inclusion from 11% to 33.5%.
In addition to "working on implementing the Central Bank's plans to activate the economic cycle, achieve economic stability, and implement the Central Bank's financing initiatives, for which the Central Bank allocated an amount of 18 trillion dinars, which contributed to the operation and development of more than 26,000 small and medium projects and financing the establishment of more than 150,000 housing units and the operation of more than 60,000 Unemployed and increased bank financing granted to small, medium, large and housing projects, in which he contributed to the implementation of up to 50 banks, in addition to that the active role played by the Association in urging, following up and encouraging banks to contribute to the implementation of community initiatives, which had a significant impact on achieving the social goal of the banking sector Through the Tamkeen Fund initiative, where many community and development initiatives have been implemented in Baghdad and the provinces, exceeding 1,000 cultural, community and humanitarian projects.
The Iraqi Trade Bank notes a service for electronic payment of government bills
Iraqi Trade Bank issued, today, Thursday, a notice of the availability of a service to pay government bills electronically.
The media expert at the bank, Aqil Al-Shuwaili, said in a notice received by the Iraqi News Agency (INA), that "the Iraqi Trade Bank would like to inform its customers of the availability of an application for the electronic collection service, through which government bills can be paid electronically through the smart systems of ministries, institutions and collection departments whose revenues are obtained from through bills and fees.
Al-Shuwaili added, "The service will facilitate transactions, simplify procedures, and support the e-government program to enhance and collect resources within a safe and transparent environment, as well as keeping pace with the development of electronic payment methods."
Parliamentary Finance proposes adopting a price of $75 per barrel in the 2023 budget
Parliamentary Finance proposes adopting a price of $75 per barrel in the 2023 budget
The Parliamentary Finance Committee clarified, this evening, Thursday, the priorities of the 2023 budget, and while it expected it to reach Parliament at the beginning of next year, it was likely that its value would reach 150 trillion dinars, while it proposed fixing the price of $ 75 a barrel.
Committee member Mueen Al-Kadhimi said in a televised interview, followed by Mawazine News, that "the ministries of Finance and Planning are serious about completing writing the draft budget for 2023, and there will be a discussion about it in the Council of Ministers, and we believe that it will be sent to the House of Representatives early next year."
He added, "In the Finance Committee, we believe that the budget will translate the government program into health and electricity files, and try to reach the production of 30 megawatts per day, support the social protection file, the investment and urban aspects, and infrastructure development. There are also expectations that its value will be 150 trillion dinars, especially with the rise in oil prices."
Al-Kazemi stressed the necessity of adopting a reasonable price for a barrel of oil that takes into account the possibility of a drop in global prices, such as 75 dollars, and accordingly, the value of oil revenues will be only around 127 trillion dinars, while there will be other non-oil revenues with a value exceeding 20 trillion dinars
. In OPEC, it reaches 3,250 thousand barrels, and exports must increase, and Iraq’s position is taken into account as the third producer around the world, and also the percentage of its share in OPEC has been reduced as a result of wars, and its current situation differs
. It will not exceed 10 trillion dinars.”
Arab and foreign readiness to enter the Iraqi market through the International Building and Construction Exhibition
Today, Thursday, a number of Arab and foreign countries and companies praised
the Iraq International Building, Construction and Infrastructure Exhibition, and while an Emirati company expressed its willingness to establish an advanced factory for building materials in Iraq, companies from Germany and Saudi Arabia confirmed that they will enter the Iraqi market with building materials.
The head of the oil and gas sector at Ajmal Steel Pipes Company, Abdullah Al-Shammari, told the Iraqi News Agency (INA), that "our participation in the Iraq International Building, Construction and Infrastructure Exhibition is the first," noting that "we are looking forward from behind this participation to investment opportunities in Iraq and we are ready To transfer technology from Abu Dhabi to Iraq.
Al-Shammari expressed his readiness to "establish a factory for pipes, iron and steel in Iraq similar to the Abu Dhabi factory," noting that "our production capacity of the factory amounts to 500,000 tons, as we export our products to all countries of the world, including America, Canada and European countries, in addition to Iraq and the Gulf countries."
He continued, "The field of participation in Iraq is possible, and the market is open and thirsty for materials, especially with regard to the oil and gas sector, and the field is open," explaining that "the Iraqi Minister of Trade assured us that the door is open to overcoming any obstacle facing the path of investment."
While the sales manager of the Saudi Cables Company, Mazen Al-Qasimi, told the Iraqi News Agency (INA), "Our company owns 8 factories to produce electricity-related products, and we have been working in the Iraqi market for 15 years, and we have partnerships with contractors working with the Ministry of Electricity and Oil, and there are projects that we have implemented." "We are present at this exhibition to expand the horizons of cooperation with the market, as it is a very promising market, especially in the reconstruction and rehabilitation of infrastructure networks."
He added, "We, as a company, work with 40 countries around the world, and during the past two years we have priority in working in the Iraqi market," explaining that "the laws that currently exist need to be applied in light of the development taking place in all countries, and we are excited at the same time as suppliers of Iraqi contractors working with state ministries." .
For his part, Muhammad Habib, sales manager of a German company participating in the exhibition, told the Iraqi News Agency (INA), "Our participation this year in the exhibition is the third, because we are interested in being present during a specialized exhibition for building materials and infrastructure," explaining, "Our company is a well-known brand in the field of Pipes and water and sanitation equipment that exports its products to 45 countries around the world, including Iraq.
And between, "We have been present inside Iraq for more than 6 years until now, and we see year after year a high development thanks to the awareness of the Iraqi consumer, in addition to a high culture to receive new, innovative and developed products within the market, and this meets our ambition to provide new products with higher technology," expressing His hope is that "there will be cooperation with state institutions, as it was previously with the building materials distribution company."
He continued, "
Baghdad and Erbil agree to deploy army and Peshmerga units on the Turkish-Iranian border
The leader of the Patriotic Union of Kurdistan, Ghiath Al-Surji, revealed, on Thursday, an agreement to deploy army forces with the Peshmerga on the border strip with Turkey and Iran, indicating that the agreement will end a major security crisis on the border.
Al-Surji said in a statement to Al-Maalouma, "A meeting that included Iraqi security leaders with the Peshmerga forces ended with an agreement to deploy Iraqi army units, reinforced by Peshmerga units, on the hot border strip with Turkey and Iran."
He added, "The agreement is very important and contributes to stabilizing the situation inside the Kurdistan region and even the center, and obliges Turkey and all the Kurdish opposition to withdraw its forces from Iraq."
Al-Sorji indicated, "Iraqi forces are deployed slightly on the borders through border guards, at a time when units of the army and the Peshmerga will be deployed to deter any aggression against neighboring countries and end the countries' pretext of fighting the Komala, the Workers' Party and the Iranian Democratic Party inside the country."
The security agreement is the first to deploy Iraqi army forces inside the Kurdistan region after 2003 and comes in light of the escalation of bombing operations in the regions of the Kurdistan region
Masrour Barzani and Blaskhart discuss solving problems with Baghdad and the bombing of Kurdistan
Today, Thursday, the Prime Minister of the Kurdistan Regional Government discussed with the UN envoy, Jeanine Plasschaert, finding a radical solution to the problems between Baghdad and Erbil in accordance with the constitution and the ministerial platform, while they stressed the need to put an end to the bombing and attacks against the region.
The Kurdistan Regional Government said in a statement received by Shafaq News agency, "Today, Thursday, the President of the Kurdistan Regional Government, Masrour Barzani, received the Special Envoy of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert."
The statement added that "the meeting discussed the Iraqi general situation and the latest developments in the region, in addition to the importance of finding a radical solution to the problems between the Kurdistan Region and the federal government in accordance with the constitution and the ministerial platform of the new government. The meeting also witnessed a mutual affirmation of respect for the sovereignty and protection of the lands of Iraq and the Kurdistan Region." And put an end to the bombing and attacks against the Kurdistan Region.
The cities of the Kurdistan Region are witnessing continuous attacks and shelling by the Turkish and Iranian forces, while the regional government has confirmed continuously that it does not pose a threat to anyone and does not allow it to be a corridor to threaten any of Iraq's neighbors, while calling on the international community and the Iraqi government to take serious positions to put an end to these attacks.
For the first time since 2003, Iraq will deploy army forces on the borders of Kurdistan
The leader of the Patriotic Union of Kurdistan, Ghiath Al-Sorji, revealed, on Thursday, an agreement to deploy the Iraqi army forces with the Peshmerga on the border strip with Turkey and Iran, indicating that the agreement will end a major security crisis on the borders.
Al-Sorji said, "A meeting that included Iraqi security leaders with the Peshmerga forces ended with an agreement to deploy Iraqi army units, reinforced by Peshmerga units, on the hot border strip with Turkey and Iran."
He added, "The agreement is very important and contributes to stabilizing the situation inside the Kurdistan region and even the center, and obliges Turkey and all the Kurdish opposition to withdraw its forces from Iraq."
Al-Sorji pointed out that "the Iraqi forces are deployed slightly on the borders through the border guards, at a time when units of the army and the Peshmerga will be deployed to deter any aggression against neighboring countries," and to end what he described as "the countries' pretext to fight the Komala, the Workers' Party and the Democratic Party inside the country."
The security agreement is the first to deploy Iraqi army forces inside the Kurdistan region after 2003.
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