Tishwash: An economist says non-oil revenues face major challenges, and there are three sources of funding for the budget.
Economic expert Salah Nouri identified the sources of revenue in the general budget, pointing out that non-oil revenues face major challenges that prevent them from achieving their available potential.
Nouri told Al-Furat News Agency, “The sources of revenue in the general budget consist of: first, oil export revenues; second, taxes; third, customs duties; fourth, the treasury’s share of profits from public companies; fifth, donations and subsidies; and sixth, the sale and lease of state assets.”
He added that the available sources facing challenges include
1- Customs duties: Iraq imports everything, but the Ministry of Finance faces significant challenges related to smuggling, the entry of goods and merchandise without customs duties, price manipulation, and the proliferation of unofficial and controlled border crossings.
2- Taxes: The Ministry of Finance faces significant challenges from tax evasion and manipulation of tax calculations, as evidenced by what happened in the “Theft of the Century” case
3- Sale and lease of state assets: There are significant challenges in the revenue from property rentals, as thousands of properties are occupied without rent being paid, or at a rate lower than what is stipulated by the law governing the sale and lease of state assets. link
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Tishwash: Sudani welcomes his winning candidates: The results reflect the Iraqis’ faith in our project
The head of the Reconstruction and Development Coalition, Mohammed Shia al-Sudani, received a number of the coalition’s winning candidates in the recent parliamentary elections, in the presence of former Prime Minister Iyad Allawi, Minister of Labor Ahmed al-Asadi, and several other prominent figures. During the meeting, al-Sudani emphasized that the election results reflect a return of public confidence in the political process.
He noted that the voter turnout, which exceeded 56%, is an indicator of the strength of the popular will and citizens’ support for the reconstruction and development project, which aims to promote development and reform across various sectors in the coming years.
He received a number of winning candidates from within the coalition during the recent parliamentary elections, in the presence of the former Prime Minister, Mr. Iyad Allawi, the Minister of Labor, Ahmed Al-Asadi, and a number of dignitaries and figures from the coalition’s supporters.
We expressed our thanks and appreciation to all the leaders and electoral pillars of the Reconstruction and Development Coalition for their efforts that contributed to achieving great results during the legislative elections.
We noted that the recent legislative elections witnessed a return of confidence between the people and the political process through the broad participation that was unprecedented in years, and that the participation rate in the elections, which exceeded 56%, was not expected, and that international and regional institutions look at the standard of the percentage of citizens’ participation in the elections, which represents popular confidence in the existing political process.
We explained that the Reconstruction and Development Project is continuing its reform approach, working to correct the paths and meet the aspirations of the Iraqis, stressing that the government and the Reconstruction and Development Coalition Project were subjected to a campaign of misinformation and falsification before the elections, suggesting that doubts will continue to be cast on the list’s victory and the nearly 1.4 million votes it achieved, which no political entity has reached in all the elections.
We affirmed that the coalition leaders will engage in a negotiation process to reach a parliamentary-governmental project capable of meeting the aspirations of citizens and confronting current challenges.
Here are the main points we discussed during the meeting:
🔹The loss of public confidence in elections represented the biggest loss to the political process, so it was necessary to restore this confidence.
🔹The world is now aware that our people have made their choices, and that the voter turnout has increased.
🔹The Reconstruction and Development Coalition is a national project that includes political and national figures who believe in the reconstruction and development project, and the votes we received in various governorates reflect people’s confidence in our project.
🔹Obtaining this number of votes presents a challenge for us to provide services at a level befitting the aspirations of the citizens who participated in the elections and granted us this trust.
🔹Government performance was a major reason for the return of public confidence in the political process.
🔹We will double our efforts, and we will achieve much of what we started in the previous period. Reconstruction in Iraq will continue for more than twenty years, and we will work to promote development in various files and sectors. link
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Tishwash: Shaza Hotels signs four new projects in Saudi Arabia
Shaza also announced a pipeline of $950mln worth projects across the globe in key destinations like Maldives, Turkey, Kuwait, Indonesia, Iraq, USA, Kenya and Libya
Shaza Hotels has signed Memoranda of Understanding (MoUs) for four new projects – Shaza Riyadh Stables Resort, Mysk Residences in Riyadh and Mysk Al Haramain Hotels – 3 & 4 in Makkah – during the inaugural TOURISE 2025 summit, held from November 11 to 13, 2025 in Riyadh.
Shaza also announced a pipeline of $950 million worth projects across the globe in key destinations like Maldives, Turkey, Kuwait, Indonesia, Iraq, USA, Kenya and Libya at TOURISE 2025.
Shaza partners with region’s reputed investment houses like Al Rajhi Investments Saudi Arabia, Adante Realty Oman and FSM Hospitality Company Saudi Arabia in bringing these projects live and functional.
Simon Coombs, President and CEO of Shaza Hotels, said: “We are pleased to be part of TOURISE 2025 under the patronage of the Ministry of Tourism for the signing of four new MoUs that reflect the strength and diversity of Saudi Arabia’s hospitality landscape.
Each project – Mysk Residences Riyadh, Shaza Riyadh Stables Resort, and Mysk Al Haramain Hotels – 3 & 4 in Makkah – has been conceived to address distinct guest segments, from business and leisure travellers to long-stay residents and pilgrims. These partnerships underline Shaza Hotels’ expanding presence in the Kingdom and our commitment to working with visionary owners to deliver authentic experiences and world-class hospitality.”
“Each of these four developments has been strategically conceived to harness key growth corridors and destination opportunities shaping the Kingdom’s hospitality landscape. Collectively, these projects reinforce Shaza Hotels’ diversified portfolio strategy – seamlessly bridging business, leisure, long-stay, and spiritual travel segments – while deepening the brand’s long-term presence and investment in Saudi Arabia’s dynamic tourism ecosystem.”, added Shaji Abu Salih, Vice President of Business Development & Growth, Shaza Hotels and Mysk by Shaza, said, at Tourise 2025.
The MoU for Mysk Residences Riyadh was signed between Coombs and Dr Adil Alexander, CEO, Adante RealtyOman.
Mysk Residences Riyadh is a boutique aparthotel of 58 keys, located on King Salman Road in Riyadh. Strategically situated just 10 minutes from Riyadh International Airport and 15 minutes from the vibrant Qiddiya and Murabba developments, Mysk Residences Riyadh will offer one-, two-, three-bedroom apartments and penthouses for both leisure and business travellers, whether for short or extended stays. Facilities include a gym, swimming pool, 24-hour café and in-room dining.
The MoU for Shaza Riyadh Stables Resort was signed between Coombs and Prince Fahad bin Saud Al Saud, Chairman, FSM Hospitality Company and Her Highness Princess Fahdah bent Saud Al Saud, Managing Director, FSM Hospitality Company.
Riyadh Stables Resort is a premium leisure and lifestyle destination located in Al Jubailah, Riyadh, spread across 63,500 square meters. Designed around the theme of equestrian living, the resort combines sport, wellness, and recreation in a natural setting. It will feature a full-fledged Equestrian Club with 100 horse boxes and three professional arenas, alongside three scenic tracks for walking, cycling, and horse riding.
Complementing these are (31) bungalow units, a signature spa, dedicated male and female gyms, paddle courts, soccer fields, and a vibrant water park. The resort’s hospitality offerings include indoor and outdoor restaurants and coffee lounges, creating an ideal retreat for families, wellness seekers, and sport enthusiasts seeking an authentic equestrian-inspired experience in Riyadh.
The MoU for two Mysk Al Haramain Hotels – 3 & 4 in Makkah was signed between Coombs and Fuad Al Rashed, CEO of Al Rajhi Investments.
Mysk Al Haramain Hotels – 3 & 4 in Makkah are 264 & 182 keys upscale hotels respectively, situated just 10 minutes from the Holy Masjid al‑Haram, designed to serve pilgrims seeking a tranquil and high-quality environment during Umrah. Both the hotels will feature a café, all-day dining restaurant, dedicated prayer rooms and shuttle services to the Holy Mosque. link
