Iraqi News Friday PM 10-8-21
Iraqi News Friday PM 10-8-21
TLM724 Administrator BondLady’s Corner
Al-Kazemi: The Government Added $12 Billion To The State Reserves
Last updated 2021-10-08 2 BAGHDAD – IMN The Prime Minister, Mustafa Al-Kazemi, announced that the government added more than 12 billion dollars to the state’s reserves, a year after carrying out economic reforms.
Al-Kazemi said in a speech on the occasion of the elections: “It was clear from the beginning that economic indicators tend to show a financial deficit, which may prevent even the salaries of state employees and retirees, and we were not satisfied with ourselves, to bow before this bitter reality, which we inherited, and we become witnesses, and participants in allowing such a collapse.”
He added, “We had no choice but to take preventive measures, some were encouraging them in secret, but they went out to bid through the media, to win electoral votes, through a populist speech rejecting what he had agreed to in closed meetings, and it was my tongue, they carried me the burden of your mistakes.” I am not afraid of auctions and I will not lie to people.”
He continued, “After a year of carrying out economic reforms, here we are adding more than $12 billion to the state’s reserves, to hand it over to the next government, and to establish a comprehensive economic reform approach expressed in the white paper, which we have started implementing some of its provisions on the ground.”
The Prime Minister stressed that “our goal is for Iraq, during the next five years, to move to the ranks of the prosperous producing countries in the region and the world, and that the energies of our people are invested in production, work and construction, and that we stop slack in the state, and launch thousands of agricultural, industrial, tourism and residential projects, And projects of roads, bridges, railways, ports, automation and trade, to absorb the huge unemployment.”
And Al-Kazemi said, “I stand before you today, a year and three months after the formation of the government, which I had the honor to preside, to renew my commitment and loyalty to my country, and to the great Iraqi people, to make all efforts to overcome the crises that surround us, since the fall of the tyrant on the ninth of April 2003, and to work together, To mobilize the energies and benevolent forces of our people, to put our country on the path of progress.”
He pointed out that “only several steps separate us from the early elections, which constituted the essence of the desired political change and change, which we sought to achieve with every effort and sincerity, bypassing the various difficulties and complications that you know.”
He added, “Our concern was to create the appropriate political and security environment, so that the elections would be fair, transparent, safe and responsive to your national vision in a manner that preserves your dignity.”
Al-Kazemi said, “I will not be arrogant or claim complete satisfaction with the government’s performance, which suggests as if we have responded to the tasks, aspirations and goals of our people, which go beyond the goals of this stage, and cannot be achieved within a year of the life of a government that moves in a minefield.”
He added, “We are now hours away from the election date, after we have provided all the necessIG requirements for its success, and to ensure its protection and management, in a manner that achieves the will of the voters,” stressing,
“I am honored to personally follow up on the supervision of everything related to electoral security, and provides the maximum enabled by the free will of the electorate.
Al-Kazemi indicated that he distanced himself and his government team from entering as a competing party in the elections, and said: “I committed myself not to aligning with a party, candidate, party or political party, and I did not tolerate that our government tolerated any violation of the rules of the electoral process, in line with my concept and vision of the role of The state, and political power, as a caretaker of the people and a framework for public service.”
He stressed that “Iraq is not anyone’s estate, and the statesman must abide by Iraq before committing to any partisan, sectarian, ethnic or national approach, and to be subject to the values and ethics that control his activity and good performance, and this is what should be embodied in the behavior of everyone who will confront the leadership of Iraq in this stage.” after the elections, so that the mistakes of the past are not repeated.”
https://www.irshadgul.com/world/al-kazemi-the-government-added-12-billion-to-the-state-reserves/
Al-Kazemi: The White Paper.. A Comprehensive Economic Reform Approach
Friday 08 October 2021 19:20 | Economic Number of readings: 232 Baghdad / NINA / - Prime Minister Mustafa Al-Kazemi considered the white paper a comprehensive economic reform approach. He said in a televised speech: Our goal in the white paper is to move Iraq within the next five years to the ranks of producing countries. Al-Kazemi added: There are large investment projects that move Iraq to a better reality. / End 3 https://ninanews.com/Website/News/Details?key=931705
Oil Sets A Plan To Prevent Smuggling And Issues A Clarification On The Petrol Prepaid Card
Economie 10-6-2021, 12:47 Baghdad - conscious - Ismail Abdul Hassan The Oil Products Distribution Company, one of the Ministry of Oil's formations, announced today, Wednesday, the entry into force of the GBRS system for monitoring government trucks, while indicating that it is in the process of reaching an understanding with three companies regarding the prepaid card for gasoline.
The company's deputy general manager, Hussein Talib, told the Iraqi News Agency (INA): "The issue of introducing the GBRS system to follow up on government trucks has entered into force," noting that
"the company is proceeding with the implementation of the second phase to include civil tankers to reduce cases of smuggling and control the product from source to the processing area.
He added, "The Oil Products Distribution Company has made great strides in automating its accounts and work, with the exception of the issue of the fuel card, which the company is still working on," noting that "when completed, it will be the first party that embarked on the issue of eliminating cash circulation at the outlets."
He pointed out that "the price of improved gasoline is 650 dinars per liter, although it constitutes a loss for the Ministry of Oil and the companies distributing oil products because it imports it at a price of 900 dinars per liter."
Regarding the gasoline prepaid card, Talib stated that "the company is in the process of reaching an understanding with three companies for the main gates licensed by the Central Bank," stressing that "the first company submitted its offer and is now in the process of studying."
He pointed out, "The Oil Products Distribution Company is different from the rest of the state department companies, so it needs an extensive study and the mechanisms and software that control public money because the cash mass that it deals with is huge, and for fear of breach, theft and hacking, therefore the company took the existing idea in dealing with the current cash.
On the basis of it, it translates it into software and into a prepaid card and presents its offer.”
And he added, "During the current week, a workshop will be held with the other two companies to find out what ideas they have and the banks they rely on." https://www.ina.iq/137797--.html
Does The Level Of The Citizen And Oil Prices Are Improved Above $80?
Saturday 09 October 2021 25 Baghdad: Mustafa Al Hashemi Global oil prices are still over the $80 barrier, at a time when this means a leap in Iraq's revenues, because the budget has adopted a much less price, what makes the audience wondering where these differences go and why the level of people do not improve?
"Iraq's foreign debt has been explained by the benefits, which precludes the conclusion of this debt, from oil revenues, to ensure that Iraq has to stabilize its credit rating," said Ammar Mahmoud al-Samarrai.
Oil prices, destined for an increase of 4.5% during the week as a result of indicators on the start of the transformation of some industries from using high price gas as fuel to oil, Brent crude futures jumped 93 cents or 1.1% to $82.88 a barrel with Tokyo Stock Exchange.
"The surplus amount of oil price teams will not serve directly because of the frequent external debt imposed by the situation in previous years," he said. Which touches any improvement in the living situation."
"Activating the private sector will raise gross domestic product into good rates that will achieve stable markets by increasing their employment opportunities, and therefore the private sector will be the biggest unemployment."
"Reducing dependence on oil as a monoclonary supplier will enhance the opportunities for the private sector to operate production sectors, including agriculture and tourism, therefore opens investment doors in front of tourism, agricultural marketing companies and others, to ensure Iraq's elimination of external debt," he said.
"The development of effective plans to get rid of debt and achieve an economic recovery of individuals, which will achieve stability in the economic situation of families and improve its standard of living," he said.
For its part, the relative consideration saw Safwan Qusay, that the government is required to change the compass of public spending and go to investment by activating the reconstruction fund of Iraq, a proposal to dismiss the investment budget from public spending.
"Increasing the level of expenditure due to increased operational spending and not investment, Iraqi state employees rose from 800,000 employees before 2003 to nearly 4 million and 500,000 employees so far, as well as the number of retirees as well as social welfare," Qusay said.
He added that "investment budget figures in the general budget laws for previous years is very shy, stressing the possibility of disengagement of the investment budget for public spending and made it part of the Reconstruction Fund and to be attached to another step for the liberalization of government capital."
"Iraq has invested in government capital and returns is almost not to remember," he said, adding that "there are funds in the government if their ownership moved to the Iraq reconstruction fund and manage an investment mentality will be able to achieve sustainable development." https://alsabaah.iq/55768/
Agreement To Train Iraqi Students At The Oil High School In Baku
Economie 09-29-2021, 10:35 Baghdad – INA The Minister of Oil, Ihsan Abdul-Jabbar Ismail, agreed to train Iraqi students at the Higher Oil School in the Azerbaijani capital, Baku.
The Azerbaijan News Agency stated, in a statement translated by the Iraqi News Agency (INA), that "Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail met with the Director of the Higher Oil School in Baku, Elmar Gasimov," noting that "modern education and the research environment created at the university were discussed."
And Oil Minister Ihsan Abdul-Jabbar expressed his "interest in cooperating with the Higher Oil School in Baku," stressing "the importance of expanding relations in the field of education between the two countries."
He noted that he would "issue the relevant orders to establish bilateral cooperation with the Baku Higher Oil School."
Meanwhile, the director of the Higher Oil School in Baku stressed the importance of effective bilateral cooperation, noting that "Student exchange with universities in Iraq can be very beneficial."
"The students of the Higher Oil School in Baku are undergoing practical training in international multinational oil and gas companies, including SOCAR companies, as this will allow them to become specialists in English on a world-class level," the university president added.
And he stated that "highly qualified local and foreign specialists and teachers have been appointed to organize training at the university in accordance with modern requirements, and we need to make more efforts to implement President Ilham Aliyev's slogan (we must turn oil capital into human capital).
It was agreed to train students Iraqis at the Higher Oil School in Baku and organizing training courses for Iraqi specialists. https://www.ina.iq/137131--.html
The Ministry Of Industry Determines The Objectives Of Offering Factories And Factories To Investment
Economie 10-6-2021, 14:33 Baghdad - conscious - Nassar al-Hajj Today, Wednesday, the Ministry of Industry and Minerals announced that it is offering investment opportunities for factories and laboratories affiliated with its companies, noting its work on concluding partnership contracts.
In response to questions from the Iraqi News Agency (INA), the ministry's media office said, "The Ministry of Industry and Minerals presents investment opportunities for factories and laboratories affiliated with its public companies for investment, by preparing a list of opportunities available for these factories, which are announced successively upon completing their investment files and obtaining approvals. Fundamentalism on advertising them as investment opportunities.
He added that "entering into such partnerships with specialized international companies, private sector companies and investors with capital leads in turn to increasing the production capacities of these factories, modernizing them, covering the increasing demand for most Iraqi industrial products, adding new products with quality and standard specifications, employing more manpower and completely eliminating disguised unemployment."".
He continued, "The ministry is working, within its plans to advance the reality of industrial companies, to conclude partnership contracts with Arab and foreign companies by working in accordance with Article (15) of the Companies Law No. 22 of 1997, which allowed dealing with Arab and foreign companies and cooperation with the private sector.
To advance the Iraqi industrial reality and agree on a common formula to organize and facilitate the contracting process in accordance with the controls and laws in force, and in a way that contributes to attracting serious and successful private sector companies in accordance with the investment opportunities announced and available to the ministry’s companies, due to the need to enter new products within the internal system and the need to develop existing products that need to New knowledge and technology, adding new production lines, establishing new industrial projects, or settling important and vital industries that the country needs.
He pointed out that "the privatization policy that swept the countries of the world has become one of the important elements in the policy of economic reform, and the main factor that prompted some governments of developing countries to adopt the privatization policy is the financing problems resulting from realizing the deficit in the state's public budgets, and this option is decided by the higher authorities in the state and not There is nothing in this regard as far as the Ministry is concerned." https://www.ina.iq/137804--.html
Financial Stability Report In Arab States
October 07, 2021 § Financial Stability Report in Arab States §§
»Financial Stability Report in Arab Countries 2021 https://cbi.iq/news/view/1839
https://cbi.iq/static/uploads/up/file-163360186232301.pdf
The Digital Economy Is A Tributary To The Economy
10/07/2021 10:47 Section: Views The number of readings 411 Baghdad/The Obelisk: Zaki Al Saadi We often hear the term digital economy, its indicators and its impact on the national economy.
Diving into the details of this topic requires writing volumes that talk about its applicability, benefits, and obstacles.
Leaving the paper economy and joining the digital economy requires first a national political will to achieve it and then scientific planning for its implementation and protection from penetration and work on its continuous updating and training of scientific and economic cadres for the purpose of its implementation.
That this development must take place because the world began this more than two decades ago.
Digital development makes human control much less, and thus makes it difficult to manipulate inputs and outputs, thus reducing opportunities for corruption and bribery, and adopting a solid economic system that ensures that resources go to the state treasury.
The process of digitalization in some administrative matters facilitates all civil service operations that suffer from deadly red tape and thus makes life easier for citizens.
One of the most important forms of the digital economy is the digital currency, the ease of trading, and its support as an alternative to the cash currency.
One of the most important images of the digital economy is to use its technologies in tax and financial resources, thereby ensuring the overall money and so we have added more than three billion dollars to the state treasury instead of the current amount of $650 million at best.
Political will is the first step to building a solid digital economic system.
https://almasalah.com/ar/news/215930/الاقتصاد-الرقمي-رافدا-للاقتصاد
To read more current and reliable Iraqi news please visit BondLady’s Corner: