Latest news with #HigherCommitteefortheRestructuringofState-OwnedEnterprises
Iraq Business
28-05-2025
- Business
- Iraq Business
Meeting re Restructuring of Iraqi State-Owned Enterprises
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting of the Higher Committee for the Restructuring of State-Owned Enterprises , focusing on reforms aimed at boosting non-oil revenues and improving financial and administrative performance. The committee reviewed progress on previous decisions and stressed the adoption of sound economic principles to strengthen the state treasury, uphold employee rights, and enhance institutional development. Key approvals included the establishment of the State Company for Construction, Supply, and Scientific Investments, the reclassification of several state firms, outcomes from the Global Investor Day Conference, the General Economic Policy Paper, and the allocation of fuel quantities to relevant entities. (Source: Media Office of the Prime Minister)
Shafaq News
26-05-2025
- Business
- Shafaq News
Boosting non-oil revenues: Iraqi PM orders state-owned enterprises overhaul
Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia al-Sudani chaired a high-level meeting of the Higher Committee for the Restructuring of State-Owned Enterprises, issuing directives to classify state-owned enterprises and accelerate financial and administrative reforms. According to a statement from his office, the committee reviewed its core agenda, which includes revitalizing Iraq's non-oil revenues, restructuring public sector companies, and assessing previous reform decisions. The meeting focused on aligning public enterprise management with sound economic principles to improve performance, secure employee rights, and strengthen the state treasury. The committee approved several key recommendations, including the establishment of a new entity named the General Company for Construction, Supplies, and Scientific Investments. It also endorsed a reclassification plan for selected public companies and adopted recommendations stemming from the Global Investor Day Conference. Additionally, the committee approved a new economic policy paper and endorsed guidelines for fuel allocation for public companies, based on reports from its subcommittees tasked with classification and reform oversight.
