Iraqi News Friday AM 7-16-21
Iraqi News Friday AM 7-16-21
TLM724 Administrator BondLady’s Corner
The Investment Law, Corruption And The Absence Of A Safe Environment Are Among The Most Important Obstacles That Hinder The Entry Of Investment Companies To Iraq
Friday 16 July 2021 09:25 | Economic Number of readings: 364 Baghdad / NINA / - The expert in the economic affairs, Malaz Al-Amin, confirmed that the investment law, corruption and the lack of a safe environment are among the most important obstacles that hinder the entry of investment companies to Iraq.
Al-Amin said in a statement to the National Iraqi News Agency / NINA / that "several obstacles delay the entry of investment companies into Iraq, including the investment law, in which several paragraphs should be amended in line with the current developments in developed countries, and the corruption that most investors complain of being blackmailed and demands to pay bribes to complete their work. ...the lack of a safe environment and the non-restriction of arms to the state, as the capital is cowardly and the security stability gives the investor reassurance that the work is being carried out according to the timeline.
He added that red tape and bureaucracy in granting investment licenses, which may take years to obtain, also impede investment.
He stressed that "Iraq is a promising country for investment companies because of the financial capabilities it possesses, as well as the wars it has undergone during the past two decades, which contributed to the destruction of infrastructure, lack of services, and the lack of seriousness in re-working government factories to meet the market's need for its products, whether clothing, leather, plastic materials or electrical materials." Or machines and many others. https://ninanews.com/Website/News/Details?key=915992
Economist: Investment In Iraq Faces Major Challenges, The Most Important Of Which Is Political Corruption
Friday 16 July 2021 09:40 | Economic Number of readings: 394 Baghdad / NINA / - An expert in economic affairs, Dargham Muhammad Ali, confirmed that investment in Iraq faces major challenges, the most important of which is political corruption.
Muhammad Ali said in a statement to the National Iraqi News Agency ( NINA ) that "in the absence of a sober banking sector that can meet the needs of investors, in addition to the difficulties of land allocation and extortion to which the investor is subjected by outlaws, the investment faces great challenges."
He pointed out that "the investor in Iraq needs to partner with a powerful political party to implement any investment project, indicating that political corruption will hinder the implementation of any investment project under the current circumstances./ https://ninanews.com/Website/News/Details?key=915993
Dollar Prices In The Iraqi Local Markets
2021-07-16 | 04:56 8,247 views Today, Friday, the exchange rates of the dollar witnessed a slight increase against the Iraqi dinar in the banking shops.
The selling prices of the dollar in banking shops amounted to 148,500 dinars per 100 dollars, while the purchase prices of the dollar amounted to 147,500 dinars per 100 dollars. LINK
Public Ports: The Works Of Implementing The Project (Great Port Of Faw) Are Implemented According To The Time Schedules Set For Them
Friday 16 July 2021 12:30 | Economic Number of readings: 282 Baghdad / NINA / - The General Company for Ports of Iraq confirmed that the implementation works of the (Great Port of Faw) project are taking place according to the time schedules set for it by the executing company.
The company’s general manager, Dr. Farhan Muhaisin Al-Fartousi, said in a statement that the works are within the five contracts of the (Great Port of Faw) project, which are (the five berths for containers, a container storage and handling yard, digging the internal navigation channel, digging and furnishing the external navigation channel, Khor Al Zubair channel tunnel). The highway linking the port of Al-Faw and Umm Qasr) is valid according to the time schedules set for it by the ports of Iraq and the company executing the project.
He added that "there is continuous and daily follow-up from us with our engineers deployed in all work sites, and we are in constant contact and meetings with them and with the executing company, and we found in everyone the determination and determination to reach our dream that this great port sees the light quickly."
He pointed out that "the port, when work begins, will change the global transport map, and it will be one of the most important, strongest and most modern ports in the region, and it will connect the East with the West, support the state's treasury, and maximize its revenues." https://ninanews.com/Website/News/Details?key=916020
Adviser To The Prime Minister: Al-Kazemi Will Discuss In Washington The File Of The Exit Of US Forces
Friday 16 July 2021 14:19 | political Number of readings: 305 Baghdad / NINA / - Adviser to the Prime Minister, Dr. Hussein Allawi, revealed that the Prime Minister will tour a number of Western countries at a later time, indicating that he will discuss in Washington the file of the exit of US forces.
Allawi told the official agency that "the nature of the discussions that Prime Minister Mustafa Al-Kazemi will hold during his upcoming visit to the United States will focus on the exit of US forces, with a popular trend in support of that," noting that "there is seriousness on the American side in holding bilateral talks."
He added that "the Prime Minister is on a tour of a number of Western countries within the framework of his visits, which expanded to brotherly and friendly countries," noting that "the new tour will be for the benefit of the Iraqi people."
He stressed that "strengthening relations with Arab and foreign countries falls within the framework of achieving the people's interest," noting that "there is seriousness on the part of the government to benefit from Arab investment offers, especially the Egyptian, Saudi and Jordanian."
Allawi added, "The Iraqi people hope that there will be benefit from the comprehensive plans for Arab support and in the interest of enabling Iraqi-Arab relations, given that the depth of Iraq is Arab."/ End 8
https://ninanews.com/Website/News/Details?key=916043
Low Oil Prices
Friday 16 July 2021 11:16 | Economic Number of readings: 357 Baghdad / NINA / - Oil prices fell today, Friday, heading for their largest weekly decline since at least May, as expectations of more supplies raised investor fears.
It is likely that OPEC will add production to counter a possible rebound in demand as the number of countries increases. recovering from the epidemic.
Brent crude for September delivery fell 20 cents to $73.27 a barrel, and is headed for a 3% drop this week after two days of steep declines, the biggest weekly drop since May.
And US crude for August delivery fell 19 percent to $ 71.46 a barrel, and is on track to decline by about 4 percent this week, the largest weekly decline since March
https://ninanews.com/Website/News/Details?key=91600
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