Iraq News and Highlights Saturday AM 7-4-20

TLM 724 Administrator BondLady’s Corner

Prime Minister Mustafa al-Kazemi meets a number of Iraqi businessmen

July 2- 2020  The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Thursday, a delegation representing a number of Iraqi businessmen.

During the meeting, Mr. Al-Kazemi listened to the comments of businessmen regarding their business and investments in Iraq, the problems and challenges facing them, the obstacles that hinder the activation of the private sector inside the country, and ways to overcome them.

He stressed that the current government is a government of consensus, solidarity and national understanding to overcome the crisis and cross Iraq to safety, and not a government to settle accounts, so that it affects the provision of services to the citizen and achieve what he aspires to, but the target is corrupt, indicating that Iraq is going through many challenges today that come at the forefront Corona pandemic and its repercussions on the economy, calling on all parties, unions, as well as the private sector, and social activities to unite and cooperate to face these challenges.

The Prime Minister pointed out the importance of the private sector in Iraq, and the need to strengthen and encourage it to take its leadership role in a way that enables it to revitalize the Iraqi economy, indicating that the government is today strongly going to support the private sector, and finding the appropriate climates to activate it and its contribution to building the country.

Mr. Al-Kazemi said that the government seeks to make Iraq an attractive environment for investment and investors and not a repulsive environment, noting that there are extortion operations that the private sector is exposed to, and that the government has deterrent measures to account and prosecute those who blackmail and bargain, stressing that the doors of the Prime Minister’s Office are open to businessmen To submit their complaints about any extortion they might be subjected to, stressing that any corruption case is dealt with in all seriousness and prosecuting the owners legally.

Mr. Al-Kazemi stressed that the government is working to liberate the Iraqi economy from its mortgage with oil, and to pay attention to the sectors of industry, agriculture, tourism, services, investment, transport, etc., stressing the government's seriousness in fighting corruption in all joints of the state, especially border crossings.

The Prime Minister stressed the need for the private sector to pay taxes in order to boost state revenues, as well as withdraw any leave or investment opportunity that has not been activated.

Media Office of the Prime Minister,  2- July-2020

https://pmo.iq/press2020/2-7-202001.htm

A deputy monitors the major mistakes of the Al-Kazemi government in the economic dimension

Praatha News Agency117 2020-07-03  Member of Parliament, Basem Khashan, observed the most important mistakes of the government of Prime Minister Mustafa Al-Kazemi in the economic dimension inside the country.

Khashan said in a press statement that "the most important mistakes of the government of the current Prime Minister, Mustafa Al-Kazemi, that it is not productive in the file dealing with corruption, the economic crisis, and the file of border crossings, the most important of which has not taken any serious steps so far."

Khashan added, "The Al-Kazemi government is accused of its image and it is not the content of the activities that it must achieve according to the powers granted to it. If the case remains for it, the government will be another version of the previous government."

Khashan pointed out that "Iraq is going through severe economic and financial crises, there must be decisive decisions in a way that guarantees the interests of the citizen in the first place."

Iraq suffers from a difficult and very severe financial and economic crisis with the delay in paying salaries, which raised the concern of Iraqi public opinion. 

http://burathanews.com/arabic/economic/371987

Launching employee salaries

Praatha News Agency 228 2020-07-03  A number of employees settled in their salaries, on Friday, that the salary of the month of June was paid after a delay of several days via their smart cards, while a source indicated that the salaries would be paid to the ministry after another.

Employees said in a press interview that "the Rafidain Bank released the salaries of the late month of June, days ago," noting that "a message and their receipt shows payment of their salaries via their smart cards."

A source, who declined to be identified, pointed out that "government banks began to" release the salaries of employees, "noting that" the release of salaries will be made to the ministry after another. "

He explained, "The Ministry of Defense (headquarters and directorates) as well as a number of companies from the ministries of Industry and Oil have been paid their salaries so far."

http://burathanews.com/arabic/economic/371993

Oil prices drop as fears of a recovery in fuel demand falter

Economie| 10:49 - 07/07/2020  BAGHDAD - Mawazine News   Oil prices fell on Friday, to give up gains previously achieved, as a new rise in HIV infections globally and in the United States sparked fears of a recovery in fuel demand.

Brent crude futures fell 0.8% to $ 42.79 a barrel, at 06:33 GMT.

WTI crude futures fell 0.9% to $ 40.30 a barrel.

The benchmarks rose more than 2% yesterday, Thursday, supported by stronger-than-expected US jobs data and a drop in crude stocks in the United States.

However, prices are under pressure due to increases in the number of daily HIV infections worldwide and in the United States.

"The market is becoming increasingly confident that easing restrictions on travel and activities will boost demand for crude oil, but the progress of the pandemic threatens to derail this recovery," ANZ said in a note.   https://www.mawazin.net/Details.aspx?jimare=108112

The outlets reveal huge revenues for the northern port of Umm Qasr in June

Time: 7/3/2020 (Baghdad: Al Furat News) The Border Ports Authority announced that huge revenues were achieved by the northern port of Umm Qasr in the month of June.

A statement of the outlets stated, "The Euphrates News Agency received a copy of it," despite the zeroing of customs duties for food, health and agricultural materials, the northern port of Umm Qasr in Basra Governorate achieved a financial revenue for the state treasury in the amount of 23 billion, 498 million and 526 thousand dinars for the month of June 2020 And that is about the value of the revenues accrued from the customs center, the tax unit, agricultural quarantine, and land transport as a result of the movement of goods and trade exchange at the border port.

And that "what has been achieved higher revenues as a result of tighter regulatory and audit procedures and joint cooperation between the operating departments in the border port, and strategic body was destined to maximize Retaining revenue to the state treasury to overcome the current financial and economic crisis experienced by our dear country , " .anthy

https://alforatnews.com/news/%D8%A7%D9%84%D9%85%D9%86%D8%A7%D9%81%D8%B0-%D8%AA%D9%83%D8%B4%D9%81-%D8%A5%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA-%D8%B6%D8%AE%D9%85%D8%A9-%D9%84%D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D8%A3%D9%85-%D9%82%D8%B5%D8%B1-%D8%A7%D9%84%D8%B4%D9%85%D8%A7%D9%84%D9%8A-%D9%81%D9%8A-%D8%AD%D8%B2%D9%8A%D8%B1%D8%A7%D9%86

 The dollar settles for the second day in Iraq

Time: 07/03 2020 10:26:42 Reading: 3,770 times

{Baghdad: Al Furat News} Foreign currency markets in Iraq recorded, today, Friday, stability in the exchange rate of the US dollar against the Iraqi dinar.

The selling and buying prices of the dollar in banking companies and offices were as follows:

The selling price of one dollar is 1230 dinars, or 123 thousand dinars per hundred dollars.

The purchase price of the dollar is 1220 dinars, or 122 thousand dinars per hundred dollars.

As for the prices of foreign currencies, gold and crude oil - until the preparation of this news: the

euro The global price: 100 euros = 112.45 pounds

sterling The global price: 100 pounds = 124.85 dollars

the Turkish lira The global price: 100 dollars = 685,60 Turkish pounds

an ounce price Gold globally = 1776.20 dollars

per barrel of crude oil Brent = 42.80 dollars

per barrel of US crude oil = 40.24 dollars.

https://alforatnews.com/news/%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%8A%D8%B3%D8%AA%D9%82%D8%B1-%D9%84%D9%84%D9%8A%D9%88%D9%85-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82

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