More than 15 trillion dinars are kept in cash in the homesof citizens |
The governor of the Central Bank of Iraq says 80 percent of Iraq's money is in households and stresses that they are trying to increase citizens' confidence in banks.
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Central Bank Governor Ali Alaq said the 2025 banking reform plan is a strategic step to strengthen confidence in the Iraqi banking system and solve problems.
He said 80 percent of Iraqi money is outside the banks and in the homes, due to lack of confidence in the banks.
He added that the banking reform plan includes updating the banking system, in line with international standards and attracting global companies.
Meanwhile, Mustafa Garawi, a member of the Finance Committee of the Iraqi Parliament, warned that this phenomenon has led to a decline in market movement and economic activity.
He revealed that; According to reports, the money held in households is more than 100 trillion dinars.
Earlier, economic researcher Haider Sheikh revealed; The Central Bank of Iraq is really suffering from a shortage of cash and flows, due to the lack of confidence in the banking system and the least trust in public and private banks, which has led many citizens to keep their money in Iraqi dinars.
revealed; More than 15 trillion Iraqi dinars are kept in cash in the homes of citizens and salaried employees, so the central bank and the Iraqi government should solve this problem and inflation, through the formulation of economic and financial policy and banking facilities for citizens and restore confidence.
Member of Parliamentary Finance: The budget is on hold and the government is avoiding electoral exploitation.
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"The government did not send the schedules because it doesn't need them at the moment due to limited liquidity for new projects, in addition to the drop in oil prices, which requires the issuance of a new budget law that is consistent with current market prices," Kocher told Euphrates News.
He added, "The government is also keen to prevent political parties from exploiting the budget in upcoming election campaigns."
The Finance Committee member explained that "voting on the budget agendas alone can take place in a single session, but if a new law is required, it will take at least two weeks to complete the procedures."
The Prime Minister reveals partnership and financing contracts with the IFC.
The contracts included:
A $500 million contract was signed with Basra Gas Company to invest in associated gas and develop Umm Qasr Port facilities.
A financing and expansion contract for the cement and lubricants production sector with Al-Muhaidib Group, worth $250 million.
A $125 million financing contract for container handling equipment and a storage yard at Umm Qasr Port was signed with Al-Lorraine Investment Company.
The first phase of the Green Residential Real Estate Development Project in Sulaymaniyah was awarded to Hiwa Rauf Investment Company for $65 million.
A $10 million international trade credit line financing contract with the Bank of Baghdad.
An investment partnership agreement was signed with Sama Al Manar/Teriyaki Agro to establish sustainable agricultural and industrial projects, valued at $120 million.
A partnership was signed with Captain Ship Holdings to establish a $250 million teaching hospital, and a partnership was signed with Al-Ula SME Finance Company for advisory services and investment attraction development.
The Prime Minister reveals partnership and financing contracts with the IFC.
Disclosure PolicyMedia OfficeThe Prime Minister announced, on Saturday, partnership and financing contracts with the IFC.
- Associated gas investment contract and development of port facilities.Umm Qasr, withBasra Gas Company, worth $500 million.
- A financing and expansion contract for cement and lubricants production with Al-Muhaidib Group, worth $250 million.
- A financing contract for container handling equipment and a storage yard at the port.Umm Qasr, with Al-Lorraine Investment Company, worth $125 million.
- Contract for the first phase of the green residential real estate development project inSulaymaniyah...with Hiwa Raouf Investment Company for $65 million.
- Financing contract for a line of credit to finance international trade, withBank of Baghdad, worth $10 million.
- An investment partnership contract to establish sustainable agricultural and industrial projects with Sama Al Manar/Teriyaki Agro Company, worth $120 million.
- A partnership contract to establishteaching hospitalWorth $250 million, with companiescaptain of the ship...and entered into a partnership with Al-Ula Company for Financing Small and Medium Enterprises for advisory services and developing investment attraction.
Prime Minister: Restructuring the economy is an urgent necessity, and the private sector is a supportive partner in restructuring it.
In a speech during the Partnership Day celebration between the International Finance Corporation (IFC) and the Iraqi government, Al-Sudani said, "We congratulate the Iraqis on signing partnership contracts with the IFC, with whom we have a history of relationships and projects," noting that "government support for the private sector continues."
He added, "The government believes in restructuring the Iraqi economy, and we have prepared to embark on a new phase of supporting the private sector," noting that "the Iraqi private sector has the equivalent of two government ministries in terms of employees."
He continued, "We believe that the private sector is an effective partner in generating job opportunities, and we have been able to attract foreign capital and encourage other international institutions." He added, "The government has approved a package of laws that support the private sector."
He pointed out that "the volume of foreign and Arab investments has reached $100 billion, and we cannot delay meeting citizens' needs and aspirations or remain captive to the economy's unilateralism in financing the budget," explaining that "the private sector is a partner and supporter in achieving our vision for restructuring the economy."
another version
confirmed by the PresidentCabinet of Ministers Mohammed Shia al-SudaniHe stressed, on Saturday, that restructuring the economy is an urgent necessity, noting that the private sector is a supportive partner in restructuring the Iraqi economy.
He added, "Restructuring the economy is an urgent necessity, and we cannot delay in meeting the aspirations of the Iraqis," noting that "the private sector is a supporting partner in restructuring the Iraqi economy."
Al-Sudani emphasized that "the private sector has proven an effective presence in many areas, and that the government's measures to support the private sector were clear and led to attracting manyglobal companies".
Al-Sudani continued, "We have reached $100 billion in investment volume over the past two years, and we have prepared a package of laws to support the private sector, and they were approved incabinetAnd now it is in the House of Representatives awaiting legislation.
Iraq signs contracts worth more than $1 billion with IFC
The Prime Minister's Media Office announced today, Saturday, partnership and financing contracts with the International Finance Corporation (IFC).
A statement from the office, received by Al-Eqtisad News, stated that, "Under the patronage and attendance of Prime Minister Mohammed Shia al-Sudani, a celebration was held in the capital, Baghdad, today, to mark the 20th anniversary of the IFC's presence and partnerships with Iraqi sectors."
According to the statement, the ceremony witnessed the signing of several investment and development contracts with the private and public sectors, including a $500 million contract with Basra Gas Company to invest in associated gas and develop Umm Qasr Port facilities, and a $250 million contract with Al-Muhaidib Group to finance and expand cement and lubricating oil production.
In addition to a $125 million financing contract for container handling equipment and a storage yard at Umm Qasr Port with Al-Lorrain Investment Company, and a $65 million contract for the first phase of the Green Residential Real Estate Development Project in Sulaymaniyah with Hiwa Rauf Investment Company.
A $10 million credit line financing agreement was also signed with the Bank of Baghdad to finance international trade, and an investment partnership agreement was signed to establish sustainable agricultural and industrial projects with Sama Al-Manar/Teriyaki Agro, worth $120 million.
A partnership was also signed with Captain Ship Holdings to establish a $250 million teaching hospital, and a partnership was signed with Al-Ula SME Finance Company for advisory services and investment attraction development.
this is a title from Kurdish news about the same article
Iraq Signs $1 Billion Investment Deals with World Bank’s IFC Amid Deep-Rooted Corruption Challenges
Iraq signs seven investment contracts in partnership with the International Finance Corporation (IFC).
Launch of the Partnership Day celebration between the International Finance Corporation and the Iraqi government
The Iraqi government signed seven investment contracts today, Saturday, in partnership and financing with the International Finance Corporation (IFC).
This came during an official ceremony in which the seven contracts were signed, as follows:
A $500 million contract was signed with Basra Gas Company to invest in associated gas and develop Umm Qasr Port facilities.
A $250 million financing and expansion agreement with Al-Muhaidib Group for the cement and lubricants production sector.
A $125 million financing contract for container handling equipment and a storage yard at Umm Qasr Port was signed with Al-Lorraine Investment Company.
The first phase of the Green Residential Real Estate Development Project in Sulaymaniyah was awarded to Hiwa Rauf Investment Company for $65 million.
A $10 million credit line financing agreement was signed with the Bank of Baghdad to finance international trade.
An investment partnership was concluded to establish sustainable agricultural and industrial projects with Sama Al Manar/Teriyaki Agro, valued at $120 million.
A partnership was signed with Captain Ship Holdings to establish a $250 million teaching hospital, and a partnership was signed with Al-Ula SME Finance Company for advisory services and investment attraction development.
Prime Minister Mohammed Shia al-Sudani delivered a speech at the contract signing ceremony, in which he highlighted the importance of the partnership with the International Finance Corporation, given the distinguished capabilities of the private sector, which has demonstrated an effective presence in implementing reconstruction and development projects and has endured various forms of bureaucracy, corruption, and security challenges.
He explained that the government measures aimed at improving the business environment clearly led to attracting international companies to work and invest in Iraq, and the value of Arab and foreign investments reached (100) billion dollars in the volume of licenses and companies that have already begun implementing the investment.
Al-Sudani noted that attracting foreign capital has contributed to supporting the stability of the Iraqi economy and has encouraged other international financial institutions, including those from Germany, Italy, France, Britain, and China, to contribute to financing a significant number of development projects. He also noted that this has provided legal and administrative frameworks and removed red tape, creating more job opportunities.
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Parliamentary Services explains the reasons for the delay in the budget schedules and rules out its arrival in Parliament.
Al-Saadi told Al-Furat News Agency that "the government owes contractors a lot of money, which has delayed many projects in Baghdad and the provinces." He added that the failure to release these funds has resulted in the projects being unable to be completed.
He said, "We have repeatedly requested that the budget schedules be sent, but they have not arrived yet. With the election campaign set to start in the coming days, if the schedules are not approved, there will be no budget until the 2026 budget."
Al-Saadi confirmed that Parliament is still waiting for the budget, despite the government's intention to approve it to release the necessary funds to maintain the continuity of projects.
The Iraqi Economy and the Growing Domestic Public Debt: "Risks and Policies"
Dr. Haitham Hamid Mutlaq Al-Mansour
Dr. Haitham Hamid Mutlaq Al-Mansour
Iraq's domestic public debt balance resumed its rise at the end of June, reaching 87 trillion and 748 billion Iraqi dinars, according to official sources. The most important reasons for this increase include:
1- The increasing need for domestic borrowing to finance the ongoing fiscal deficit, due to the high rentierism of the Iraqi economy, as oil constitutes more than 90% of the general budget revenues, which makes it vulnerable to fluctuations in global oil prices when they decline, and the high rates of government spending, as the government adopts an expansionary fiscal policy to finance operating expenditures, especially salaries and wages, which are often covered at the expense of investment spending.
2- The increase in government spending rates compared to the growth rates of domestic public debt, which increases the financial gap between public debt and its sustainability.
3- Weak financial management, low efficiency in collecting non-oil revenues, and rampant financial and administrative corruption continue to keep the economy in a state of deficit, exacerbating domestic public debt. Non-oil revenues declined during the first half of this year to 4.951 trillion dinars, compared to 7.118 trillion dinars in the same period last year, a decrease of 2.167 trillion dinars, or 43.6%. This will lead to an increase in the actual deficit in the general budget and aggravation of domestic public debt.
4- The rising levels of domestic public debt also fuel the growth of the annual government financial deficit, a portion of which is allocated to paying debt installments and interest, in addition to renewable government spending items. This burdens the general budget and deepens the debt once again, thus entering the economy into a vicious cycle of persistent debt.
Accordingly, the expected economic risks of the increase in the size of the domestic public debt include:
1- Continued inflationary pressures, driven by increased money supply due to borrowing from the central bank, could lead to higher inflation, which has reached above 5% in some recent years.
2- Hindering economic growth. High debt service (interest) is likely to divert resources from development investments, such as infrastructure, health, and education. This is known as the crowding-out effect, which negatively impacts the private sector. When the government borrows domestically, it competes with the private sector for capital, potentially raising interest rates and limiting private sector activity.
Therefore, it was necessary to build counter-policies that revolve around the following:
1- Building comprehensive economic policies to manage domestic public debt and achieve its sustainability by linking it to investment funds.
2- In light of the rentier economy, the efficiency of financial revenue management must be increased and the tax system must be reformed by improving the efficiency of tax and fee collection, which currently does not exceed 10% of total revenue.
3- Diversifying the sources of funding for the general budget through development in other economic sectors, such as agriculture, industry, and tourism, to increase non-oil revenues.
4- Enhancing transparency, combating corruption, and implementing strict measures to limit corruption in the management of public funds.
5- Issuing government bonds with various denominations to attract local and foreign savings in an organized manner, instead of directly borrowing from the Central Bank.
In short, Iraq's rising domestic public debt is a wake-up call for the national economy to address this through structural reforms in the general budget and expansionary fiscal policy, diversification of revenue sources, and rationalization of spending in favor of increased investment. Without these reforms, the domestic public debt may continue to grow, threatening Iraq's long-term economic stability and financial security.
Iraq's spending reversal: Families funnel income from food to soaring housing and bills
Iraq’s Ministry of Planning announced on Friday that household spending on food has fallen to nearly one-third of income, down from more than 60 percent in past years.
Ministry spokesperson Abdul-Zahra al-Hindawi told Shafaq News that Iraqi families once spent the bulk of their earnings on food. “That share has now dropped to around 31–32 percent, which aligns with new priorities for daily living and diversified spending,” he said.
According to Al-Hindawi, recent government measures have helped stabilize food prices despite minor increases of 0.5 to 3 percent in certain items. He added that inflation dipped by 0.1 percent in July compared to the previous month, a modest but significant improvement under current conditions.
Economic researcher Ali Abdullah noted that while the decline in food spending marks a shift in consumption patterns, it does not necessarily signal improved purchasing power.
“When 60 percent of income went to food, it reflected fragile living conditions. Today, even though the share has fallen to around 30 percent, the rising costs of housing, energy, and transport have kept the overall burden on families high,” he told Shafaq News.
Baghdad resident Wafaa al-Rubaie agreed that living costs have grown heavier. “In the past, most of our money went to food. Now rent and bills consume the biggest share,” she said. “Food prices are relatively stable, but housing, electricity, and internet take away most of our salaries. Even entertainment has become a luxury.”
She explained that her household earns about 1.5 million dinars ($1,150) a month, yet rent alone costs over 700,000 dinars. Utilities for electricity, water, and internet approach 300,000 dinars, leaving little for food or other needs.
Basic utilities for a small apartment average 150,000 dinars ($103) per month, rising sharply in summer with air conditioning usage. Citizens have urged the government to subsidize electricity and fuel to ease household pressure.
Fuel and transport add further strain: a liter of regular gasoline costs 450 dinars ($0.40), while monthly public transport expenses per person average 40,000–50,000 dinars ($30–40).
Living costs also vary widely across the country. Baghdad is the most expensive city, followed by Erbil and Kirkuk, while Nineveh remains among the least costly.
Analysts stress that stability in food prices is not enough to secure economic relief. Broader fiscal reforms and targeted support for low-income families are essential.
“Iraq needs deeper financial policy reforms and direct support for vulnerable groups so that citizens can feel a tangible improvement,” Abdullah said.
For her part, Rubaie concluded, “We’re not asking for luxury. We just want to live with dignity, without seeing most of our income drained by rent and bills.
First Turkish power ship begins supplying electricity to Iraq
The first Turkish power-generating ship, Karpowership, has begun operations at the port of Umm Qasr in southern Iraq’s Basra province, marking a step in efforts to address the country’s chronic electricity shortages, according to a statement by an official to Agence France-Presse (AFP).
The second ship is scheduled to begin operations next week, with the two vessels together expected to supply 590 megawatts of electricity.
Iraqi Ministry of Electricity spokesperson Ahmed Moussa told Rudaw Media Network that the first Turkish power-generating ship has begun operations at the port of Umm Qasr, adding 300 megawatts to the national grid. He noted that the vessel started supplying electricity to Iraq on Sept. 9.
Two Turkish power-generating ships arrived at the port of Umm Qasr in Basra province on Aug. 21 and 23 to supply electricity to Iraq.
According to Ahmed Moussa, the second ship will begin generating electricity next week, adding 290 megawatts to the national grid.
The two Turkish ships supplying electricity to Iraq’s power grid are doing so under a 71-day agreement. BKPS, a subsidiary of Karpowership that operates a fleet of floating power-generation ships, signed the contract with the Iraqi Ministry of Electricity and the Southern Region Electricity Production Company.
The spokesperson for the Iraqi Ministry of Electricity explained that the government will supply the diesel fuel needed to generate electricity on the two ships.
The electricity generation aims to reduce the shortfall in power supply, as Iraq currently produces between 24,000 and 25,000 megawatts, while the demand reaches approximately 50,000 megawatts.
Iraq Is Losing More Than $11 Million Every Day as Baghdad Blocks Kurdistan Oil Exports
Baghdad’s failure to pass an oil and gas law and its pressure tactics on Erbil have stalled Kurdistan’s exports, costing Iraq over $4 billion annually.
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Iraq is losing more than $11 million every single day due to the continued suspension of oil exports from the Kurdistan Region, according to the ECO IRAQ Observatory, a specialized economic monitoring platform known for its independent assessments of the country’s energy and financial policies. The observatory placed direct blame on Baghdad’s parliament for failing to resolve the long-standing dispute over oil and gas management.
The U.S.-based observatory on Saturday revealed that the Kurdistan Region was expected to export approximately 230,000 barrels of crude oil per day, in addition to allocating around 50,000 barrels for local consumption. With the cost of extraction and transportation standing at $16 per barrel and $1.5 in fees to Turkey for delivering crude to the Ceyhan port, the net profit per barrel remains substantial.
At an estimated price of $66 per barrel, the suspension of these exports translates into a staggering daily loss of $11.16 million, amounting to $334 million per month and over $4 billion annually in missed revenues for Iraq.
Despite these heavy financial losses, the federal government in Baghdad has failed to reach an agreement with Erbil, leaving negotiations shrouded in secrecy and accountability lacking.
The monitoring group held Iraq’s parliament directly responsible, accusing it of creating chaos by refusing to pass a long-awaited 'Oil and Gas Law' to regulate and manage the country’s oil and gas sector.
A Chronic Dispute that Hurts All of Iraq
The ongoing deadlock over the Kurdistan Region’s oil exports is far from a mere technical disagreement. At its core lies Baghdad’s long-standing unwillingness to recognize the Region’s constitutional rights under the 2005 Iraqi Constitution, which granted the Kurdistan Regional Government (KRG) shared authority over natural resources.
Instead of honoring these commitments, successive Iraqi administrations have politicized oil exports, using them as a pressure tool against the people of Kurdistan.
For years, Erbil has argued that independent oil exports are essential to pay public salaries, fund infrastructure projects, and provide stability in a region that has already borne the brunt of wars, economic blockades, and hosting millions of displaced people.
Baghdad, however, has repeatedly resorted to financial blackmail, cutting salaries, and withholding the Kurdistan Region’s rightful share of the federal budget, all while demanding full control of oil revenues.
This centralization of power has not only strangled the Kurdistan Region’s economy but also damaged Iraq’s international credibility. Foreign investors view Baghdad’s unpredictable policies and arbitrary interventions as a sign of instability, deterring long-term partnerships in the energy sector.
The failure to establish a comprehensive oil and gas law, despite two decades of promises, has left Iraq unable to fully capitalize on its resources, costing the country billions.
Political Stalemate and Hidden Agendas
Behind the scenes, negotiations between Baghdad and Erbil have remained closed to media scrutiny, fueling speculation that the Iraqi government is intentionally dragging its feet. Observers note that while Baghdad enjoys revenues from southern oil fields, it shows little urgency in resolving the crisis in the north, effectively punishing the Kurdish population while claiming to act in the interest of national unity.
The suspension of exports through the Iraq-Turkey pipeline since March 2023 has already deprived international markets of Kurdish oil, strained ties with Ankara, and weakened Iraq’s bargaining position globally. Yet, Baghdad has treated this issue as secondary, prioritizing political maneuvering over economic necessity.
Critics argue that this reflects Baghdad’s broader policy of undermining the Kurdistan Region’s autonomy. By blocking Erbil’s ability to export oil, Baghdad seeks to force the Region into submission, disregarding the severe financial and social consequences for millions of Kurdish citizens who rely on stable revenues to sustain daily life.
Kurdistan Pays the Price
The people of the Kurdistan Region ultimately pay the price for Baghdad’s failures. Delayed salaries, underfunded public services, and an economy held hostage by political disputes are daily realities. While Iraq as a whole suffers billions in losses, it is the Kurdish families, civil servants, and business owners who face the harshest impact.
Instead of fostering cooperation and equitable resource-sharing, Baghdad has weaponized oil policy, undermining the spirit of federalism and alienating the very partner that has been instrumental in stabilizing Iraq, particularly during the war against ISIS.
Until Iraq’s leaders demonstrate the political will to pass a fair oil and gas law and respect the constitutional rights of the Kurdistan Region, the crisis will continue to fester—bleeding Iraq’s economy, eroding investor confidence, and deepening mistrust between Baghdad and Erbil.
MP: Iraq is facing a financial crisis and the government is unable to find a solution.
Representative Zuhair Shahid Al-Fatlawi confirmed today, Saturday, that Iraq is experiencing a financial crisis and the government is unable to find a solution.
Al-Fatlawi said in a statement to Al-Mustaqilla, "The official data figures published on the Ministry of Finance's official website for the first six months of 2025 reveal the economic and financial catastrophe that Iraq is experiencing."
He pointed out that "the real financial deficit reached 19 trillion dinars in just half a year, and the result is that most of the state's activities and governorate projects have completely stopped."
He added, "The government is mired in an exhausting operating budget that neither generates economic growth nor fosters development. Instead, it consumes revenues and accumulates debt. The result is that the state is unable to manage even its most basic obligations."
Cancelling the force's mandate reshapes the relationship between Baghdad and Washington.
The decision voted on by the US Congress to revoke the authorization for the use of military force against Iraq represents a historic step that reflects a strategic shift in the nature of bilateral relations between the two countries. It opens the door for Iraq to strengthen its sovereignty and consolidate its position as an effective state in the region, capable of playing a pivotal role in security and stability.
Regional.
The resolution, which Congress voted on last week, comes as UNAMI's mission in Iraq is set to end at the end of this year.
Officials and parliamentarians emphasized that the US decision gives Baghdad the opportunity to reformulate its foreign relations on the basis of partnership and equality, free from the legacy of occupation, and opens the way for enhanced economic and security cooperation. They asserted that Iraq is no longer an arena for conflict, but rather an effective regional partner, possessing the tools to enhance internal and external stability and investing international support in building strong institutions, thus consolidating its sovereignty and enhancing its presence on the regional and international scene
Parliament will discuss 12 items tomorrow, including encouraging investment with Saudi Arabia.
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Sunday session agenda
Session No. (8)
Sunday 14 / September /
Recitation of verses from the Holy Quran
First: Drafting the First Amendment to the National Nuclear, Radiological, Chemical and Biological Competition Law No. (1) of Health and Environment Committee), (2) Article).
Second:
On the Renewed Energy Regulation Bill of the Electricity and Energy Committee),
The third
(23) Article).
: Review of the Mental Health Bill. (Health and Environment Committee of the Legal Committee), (
41) Article).
Fourth: Voting on the Bill to Approve the Encouragement and Support Agreement for Mutual Investment between the Government of the Republic of Iraq and the Government of the Kingdom of Saudi Arabia in the Council of Relations Foreign Affairs, Investment and Development Committee, (2) Article)
Raw material: Draft Third Amendment to the Protection of Defendants Who Have Parts of Their Bodies during External System Exercises No. 5 of المعدل (Martyrs and Victims Committee of the Legal Committee (1) Article).
SADSA: Draft Fourth Amendment to the Industrial Investment Law for Private and Mixed Sectors No. 20 of Committee for Investment and Economic Development, Industry and Trade) (9) Article). G
Seven: Voting on the draft law of the first amendment to the law of the House of Representatives and its organization No. (13) of the year 2018 of the Legal Committee). (14) Article).
Second: Reflection on the First Amendment to the Civil Defense Law No. (14) of Paradise for Security and Defense of the Legal Committee), (9) Article).
Tasa'a: First reading of the Third Amendment to the Public Service Law No. 23 of (Committee on Higher Education and Scientific Research) (7) Article).
10th: First Reading of the Second Amendment to the Egyptian Agricultural Loan Fund Law No. 28 of Agriculture, Water and Environment Committee of the Finance Committee), (4) Article).
Hadi Tenth Statement and Discussion of the Second Reading of the First Amendment to the Public Attendance Law on the Allocation of Federal Imports No. (55) of 2017 (Committee Finance).
Second Tenth: Presentation and Discussion of the Second Reading of the Bill of the Aviation Faculty of the Army of Paradise, Security and Defense).
The session will start at one o'clock after dark
Iranian Foreign Minister heads to Qatar
Seyyed Abbas Araqchi, Minister of Foreign Affairs of the Islamic Republic of Iran, departed this morning, Sunday, for Doha, the capital of Qatar, to attend the meeting of foreign ministers of the Organization of Islamic Cooperation.
This emergency meeting of foreign ministers of Islamic and Arab countries is being held at Qatar's request to discuss the military aggression launched by the Zionist entity against the country. It serves as a prelude to the Islamic-Arab summit scheduled for Monday.
Dr. Masoud Pezeshkian, President of the Islamic Republic of Iran, will represent Iran at the Arab-Islamic Leaders' Summit.
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