Iraqi News and Highlights Early Saturday 8-1-20

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Statement by Secretary Michael R. Pompeo On the Occasion of Eid al-Adha

Home | News & Events | Statement by Secretary Michael R. Pompeo On the Occasion of Eid al-Adha

U.S. DEPARTMENT OF STATE   Office of the Spokesperson  July 31, 2020

On the occasion of Eid al-Adha, we wish Muslims in the United States and around the world Eid Mubarak. Eid al-Adha is a time for compassion, generosity, and sacrifice – values demonstrated by Abraham’s commitment to God. Eid marks the end of Hajj, the annual pilgrimage to Mecca normally performed by millions of Muslims from all corners of the world. We recognize the great disappointment felt by many prospective pilgrims this year and hope you will have the opportunity to perform Hajj in the near future.

As with religious observances of many faith communities during this pandemic, Eid al-Adha and Hajj will be unusual this year. We applaud the efforts and devotion of Muslims around the world to stop the pandemic’s spread and serve those in need while maintaining physical distancing.

The United States will continue to advocate for the unalienable rights of all people, including the right to religious freedom, and we call upon all countries to respect and uphold these universal rights.

On behalf of the United States Department of State, I wish you a happy and blessed Eid al-Adha.

https://iq.usembassy.gov/statement-by-secretary-michael-r-pompeo-on-the-occasion-of-eid-al-adha/

Mr. Ammar Al-Hakim Calls On The Legislative Bodies To Support The Government And Complete The Passage Of A Solid Electoral Law

Time: 08/01/2020 11:56:41 Read: 2,041 times  {Baghdad: Al Furat News} Today, the president of the Iraqi coalition, Mr. Ammar Al-Hakim, called on the legislative authorities to support the government and complete the passage of a solid electoral law.

"Setting a date for the early elections by the prime minister is a successful step in the right direction, and it is an indication of the government's determination to fulfill its promises," Mr. Al-Hakim said in a statement.

Mr. Al-Hakim called on the legislative bodies to support them and complete the passage of a solid electoral law that guarantees their conduct in a transparent, fair and expressing the will of the people and away from pressure and politicization.

And Prime Minister Mustafa Al-Kazemi announced yesterday, Friday, the sixth of next June, as the date for early elections.   LINK 

The Stability Of The Dollar Exchange Rates In The Local Market

Time: 08/01/2020 10:53:51 Reading: 4,940 times  {Baghdad: Al Furat News} The prices of the dollar exchange rate stabilized today, Saturday, where the same exchange rates were recorded for the stock market struggle before Eid Al-Adha to stop its activity.

The Kifah Stock Exchange had recorded 123650 dinars before the holiday, for 100 US dollars.

The Al-Harthiya stock exchange, before the Eid, recorded 123700 dinars for 100 US dollars.

As for the selling prices in the exchange shops in the local markets, they were:

The sale price is 124,000 dinars   Purchase price: 123,000 dinars   LINK 

Including Iraq .. Kuwait Prohibits Flying With 31 Countries

Kuwait  Arab and international   Economy News - Baghdad:  Today, Saturday (1 August 2020), the Kuwaiti authorities decided to ban commercial aviation with 31 countries, including Iraq.

On its Twitter page, the Kuwaiti Civil Aviation website stated that, based on the health authorities ’instructions, and given the situation and the repercussions of the spread of Covid 19 virus on high-risk countries, it was decided to ban commercial aviation coming from the following countries: (India - Iran - China - Brazil - Colombia - Armenia - Bangladesh - Philippines - Syria - Spain - Singapore - Bosnia and Herzegovina - Sri Lanka - Nepal - Iraq - Mexico - Indonesia - Chile - Pakistan - Egypt - Lebanon - Hong Kong - Italy - Northern Macedonia - Moldova - Panama - Peru - Serbia - Montenegro - Dominican Republic - Kosovo) until further notice .

Number of views 27 Date added 08/01/2020   https://economy-news.net/content.php?id=21240

Oil Plans To Obtain A Government Decision To Keep Iraq Ports Company Away From Oil Ports

Iraqi port employees demonstrate in Basra

Energy   Economy News - Basra:  The Ministry of Oil decided to approach the Council of Ministers to obtain approval that the Iraqi Ports Company should not interfere with oil ports and withdraw all work related to the anchorage and takeoff of oil tankers in Basra Governorate.

Dozens of Iraqi port employees demonstrated against this trend, accusing the Oil Ministry of keeping their company away from work in the oil ports.

Khaled Saad, the head of the Iraqi Bahraini Institution, described the corruption procedures for withdrawing oil ports from the Iraqi Ports Company, and said that there are corrupt contracts represented by the presence of a Kuwaiti company that the Oil Ministry wishes to contract with instead of the Oil Ports Company.

On the other hand, the Basra Oil Company said in a press release that our company is responsible for managing, producing and exporting oil exclusively through oil ports, and that the procedures that it undertakes or demands it come from its firm belief in working on professional management and technical specialization and supporting the national economy and not to serve interests Narrow.

She added that the Iraq Ports Company’s signing of contracts for joint operation with local contractors to manage the marine operations of the oil ports has resulted in very large losses in the profits and incentives of the company’s employees, and it was referred to and confirmed by the reports of the Financial Supervision Bureau, and our company has objected to these unfair contracts since 2018 and to the management Ports company to take corrective measures in order to protect their financial and legal rights.

Number of views 39 Date added 08/01/2020   https://economy-news.net/content.php?id=21234

Central Bureau Of Statistics: Lower Oil And Price Production For The First Quarter Of 2020

Energy  Economy News _ Baghdad  The Central Bureau of Statistics of the Ministry of Planning announced, on Saturday, the decline in oil and price production for the first quarter of 2020.

The agency said in a report prepared and reviewed by the "Economy News", that "crude oil production decreased by 1.1% for the first semester of 2020 compared to the first semester of 2019 and a decrease of 2.8% compared to the fourth of 2019."

He added, "The price of a barrel has also decreased for this season compared to the first and fourth quarters of 2019, as the ratio reached 24.1% - 23.6%, respectively."

He continued, "The contribution of oil to GDP at current prices for the first quarter of the year 2020 decreased by 27.20% compared to the fourth quarter of 2019, while non-oil activities decreased by 16.47% for the same period at current prices."

Iraq is one of the rentier countries, and it depends heavily on oil to finance its public budget, and with low oil prices, the public budget is greatly affected, as borrowing is used to fill the deficit.

Number of views 21 Date added 08/01/2020  https://economy-news.net/content.php?id=21230

Global Rating Corporation: Iraq's Debt Stands At $ 73 Billion

money and business   Economy News - Baghdad: The GFP Global Classification Corporation revealed today, Saturday, that Iraq’s external debt amounts to $ 73 billion, while it indicated that the United States of America came first in the world with the most indebted countries in the world.

According to the statistics published by the Foundation during the year 2020, "The United States ranked first in the world with the largest debt with 17 trillion and 910 billion dollars, followed by the United Kingdom with a debt of 8 trillion and 126 billion dollars, and then France comes in third place with a debt of 5 trillion and 360 billion Dollars. "

She added that "the UAE comes at the forefront of the most indebted Arab countries at $ 237 billion, followed by the Kingdom of Saudi Arabia at $ 205 billion and $ 100 million, and then comes at the third place Qatar with 167 billion and $ 800 million, then Egypt ranked fourth with debts of 77 billion and 470 million Dollars, and then Iraq ranked fifth with a debt of 73 billion and 20 million dollars. "

Number of views 57 Date added 08/01/2020   https://economy-news.net/content.php?id=21238

Social Welfare: The Total Holiday Is 103 Billion Dinars, Which Will Be Distributed To 1.3 Million Families

Money and business  Economy News - Baghdad:  The Social Welfare Authority announced that the financial grant that the Council of Ministers decided to grant under the name "Idiya" amounted to 103 billion dinars.

The director of the Social Welfare Authority, Jacqueline Saliwa, said that the amount of 103 billion dinars will be distributed to the beneficiaries of social welfare, noting that this amount will be distributed to 1.3 million families.

Number of views 68 Date added 08/01/2020  https://economy-news.net/content.php?id=21236

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