Economics
Basra Agrees With The MoP To Give Money To Complete Ongoing Projects
Planning Committee in the provincial council in Basra announced that the local government agreed with the Ministry of Planning to give the governorate the necessary funds to complete ongoing projects. Committee Chairman, Nashat Al Mansouri said "ongoing projects in Basra require about IQD8trln while the current budget of the governorate is one trillion and IQD313bn, adding that this makes it imperative for the Ministry of Planning to grant Basra, IQD550bn, which is provided by the Council of the representatives as well as give the remaining money from the petro-dollar. (Zawya)
This publication may not be reproduced, modified, or re-disseminated in whole or in part without the prior written permission of Rabee Securities. The information provided herein is of a general nature and for informational purposes only and is not intended to serve as an offer or solicitation with respect to the purchase or sale of any security, or as a recommendation to adopt any particular trading strategy. Such information is subject to change without prior notice. Although Rabee Securities obtains information from sources it considers reliable, Rabee Securities makes no representations or warranties, express or implied, as to the information's accuracy or completeness. Furthermore, such information may be incomplete or condensed. Rabee Securities, its affiliates, directors, employees, assigns, agents, and successors bear no liability for any errors or omissions in this publication or for any losses arising from the use of or reliance upon this information. This limitation on liability applies to direct, indirect, consequential, special, punitive, or other damages, as well as damages for loss of profits or business interruption. Investors shall bear all responsibility for investment decisions taken on the basis of the contents of this report. Rabee Securities strongly advises potential investors to seek financial guidance when determining whether an investment is appropriate to their needs. All estimates included in this report constitute Rabee Securities’ opinion as of the date published on the report and are subject to change without notice. Copyright© Rabee Securities 2021