Iraqi News Highlights Sunday Afternoon 6-4-23
Iraqi News Highlights Sunday Afternoon 6-4-23
Tlm724 Administrator Bondlady’s Corner
Investment Authority: The Government Focused On Attracting Solid Companies To Implement Strategic Projects
Economy| 04:33 - 04/06/2023 Baghdad - Mawazine News The National Investment Commission confirmed, today, Sunday, that it is coordinating with government agencies to provide investment opportunities to establish tourist cities and villages in various governorates, and while it has identified important pillars to encourage foreign investment in Iraq, it confirmed that the government focused on attracting solid companies to implement strategic projects.
"Investment Law No. 13 of 2006 did not differentiate between Iraqi, Arab and foreign investments in terms of granting concessions, exemptions and guarantees," Muthanna Al-Ghanimi, a spokesman for the authority, told the official agency, followed by Mawazine News.
He explained, "Raising the confidence of Arab and foreign investors to invest in Iraq depends on many matters and pillars, including the facilities in the aforementioned law, its implementation, and the cooperation of the concerned sectoral authorities with regard to investment, which will reflect positively on the national economy."
He added, "The Iraqi government has focused on attracting solid companies to implement strategic projects in many economic sectors, and has worked to provide investment opportunities with economic returns for the country."
He pointed out, "The percentage of project completion by the implementing operating companies, the higher it will be a point of attraction for the rest of the companies and for several projects, because the successful project affects many economic sectors positively, and also provides space for achieving benefit and employing the workforce."
In a separate context, he explained, "The agreement included in the Arab-Chinese summit, in which Iraq participated, represents a step towards achieving the strategic goals," noting that "the Iraqi government is now in the process of implementing the path of development with a national vision and studied scientific steps, and it is a project whose returns will be clearly reflected on the economy." Iraqi."
And he noted, "According to the information available to us, the development path is in the process of being studied, designed and prepared for strategic investment opportunities."
Regarding tourism projects, he pointed out, "The National Commission for Investment and the investment commissions in the governorates are coordinating with the tourism and archaeological sectoral authorities to provide investment opportunities for the purpose of bringing in companies specialized in establishing tourist cities and villages, to be a point of attraction for local tourists and regional and even international countries," stressing that " Work is underway in Iraqi provinces to be a magnet for tourists."
And he continued, "These procedures depend on the availability of investment opportunities by the Tourism Authority, for the purpose of working on them in coordination with specialized companies." https://www.mawazin.net/Details.aspx?jimare=228362
The General Secretariat announces the inclusion of 65 government agencies in the e-governance project
Political | 03:30 - 04/06/2023 Baghdad - Mawazine News On Sunday, the General Secretariat of the Council of Ministers announced the results of the e-governance project within a year, while it indicated that 65 government agencies were included in the project.
"The e-governance project is one of the important files included in the ministerial program, and there is a direct interest from the Prime Minister, Muhammad Shia'a al-Sudani, to this issue," said Haider Majeed, a spokesman for the Municipality, in a statement to the official agency, followed by Mawazine News.
He added, "The National Data Center Department continues to automate the programs and services provided by government institutions to citizens, and include them within the Ur electronic portal."
Majeed pointed out that "the Ur electronic portal now contains more than 300 electronic and paper services, as well as canceling the authentication of paper issuances and converting them electronically, as the number of validating electronic issuances issued so far has exceeded one million and 300 thousand documents within a period of one year from the launch of this program, which included 65 One of the official institutions, ministries, commissions and provinces, including the departments of notary writers in Baghdad and the provinces. https://www.mawazin.net/Details.aspx?jimare=228357
Iraqi Oil Exports To America Decline For The Third Week In A Row
Economy| 04/06/2023 Baghdad - Mawazine News The US Energy Information Administration announced, on Sunday, that Iraq's oil exports to America decreased for the third week in a row, reaching an average of 114 thousand barrels per day during the past week.
The administration said in a table followed by Mawazine News, that "the average US imports of crude oil during the past week from nine major countries amounted to 6.016 million barrels per day, up by 767 thousand barrels per day from the previous week, which amounted to 5.249 million barrels per day."
She added, "Iraq's oil exports to America amounted to an average of 114 thousand barrels per day last week, decreasing by 22 thousand barrels as a daily average from the previous week, in which oil exports to America reached an average of 136 thousand barrels per day."
She pointed out that "most of America's oil revenues during the past week came from Canada at a rate of 3.589 million barrels per day, followed by Mexico at an average of 913 thousand barrels per day, and oil revenues from Saudi Arabia amounted to an average of 534 thousand barrels per day, and then Colombia at a rate of 286 thousand barrels per day."
According to the administration, “the amount of US imports of crude oil from Ecuador amounted to an average of 214,000 barrels per day, from Brazil at a rate of 182,000 barrels per day, from Nigeria at a rate of 98,000 barrels per day, and from Libya at a rate of 86,000 barrels per day, while it did not import any amount of oil.” Russia". https://www.mawazin.net/Details.aspx?jimare=228332
Central Bank Sales Rise To More Than 255 Million Dollars
Economy| 04/06/2023 Baghdad - Mawazine News The Central Bank of Iraq sold, on Sunday, a currency auction, more than 225 million dollars.
And the currency sale window showed in a table followed by / Mawazine News /, that "the total amounts of transfers abroad (remittances, credits) amounted to 184,060,577 million dollars."
While "the total amounts of cash sales amounted to 41,900,000 million dollars, and the total sales amounted to 225,960,577 million dollars." https://www.mawazin.net/Details.aspx?jimare=228336
Former Parliamentarian: International Monetary Fund Reports On The Iraqi Economy Are Unrealistic
Money and business Economy News – Baghdad The former Parliamentary Finance Committee rapporteur, Ahmed Al-Saffar, described most of the International Monetary Fund's reports on the Iraqi economy as "unrealistic", while considering the quality of the country's economy as "fragile".
Al-Saffar said, in an interview with the Iraqi Information Agency, which was seen by "Al-Iqtisad News", that "most of the International Monetary Fund's reports on the Iraqi economy are unrealistic," adding: "The figures that the International Monetary Fund report spoke about regarding the recovery of the Iraqi economy and its achievement of a growth rate of nearly 4 percent." - 5%, and the gross domestic product continues to increase, and these numbers are unrealistic.
He added, "Iraq does not have a real domestic product. Rather, the country's output is calculated on oil revenues, given that the Iraqi economy is rentier, meaning that we produce and export oil, and we obtain oil revenues in dollars and import the needs of the Iraqi society with it."
The former member of the Finance Committee explained, "This kind of economy is fragile and exposed to crises, and at any moment the oil sector is exposed to a shock," pointing out that "the issuance of these reports is unrealistic, because it does not rely on real data." Views 83 Added 06/04/2023 - https://economy-news.net/content.php?id=34569
The Stock Market Closed Higher By 2.71%.
Market Economy News – Baghdad The Iraqi Stock Exchange closed in the first session at the beginning of the week, up by 2.71%.
The session dealt with the shares of 26 companies, as the number of shares traded reached 2 billion shares, worth 5 billion dinars.
The shares of Al-Mamoura real estate companies increased by 10%, Al Mansour Hotels by 5.38%, the Bank of Baghdad by 4.78%, and Baghdad invasive by 2.5%, while the Ishtar hotel companies lost by 5.5%. Views 90 Added 06/04/2023 - https://economy-news.net/content.php?id=34564
Parliamentarian: Disagreements Over The Delivery Of Kurdistan's Oil Are Still Going On
Iraqi Dinar Money and business Member of Parliament, Adnan Al-Juhaishi, confirmed, on Sunday, the continuation of disputes over Articles 13 and 14 related to the delivery of Kurdistan region's oil.
Al-Juhaishi said, "The paragraph related to the saved Kurdistan employees' money, an agreement was reached on it, leaving only technical differences that can be overcome as soon as possible," noting that "the dispute is currently about Articles 13 and 14 related to the delivery of oil to the federal government."
He pointed out that "those differences" need joint dialogues with all parties in order to culminate in the approval of the final vote and the general budget law, and we hope that this will happen within the next two days. Views 83 Added 06/04/2023 - https://economy-news.net/content.php?id=34568
The High Exchange Rates Of The Dollar In Baghdad With The Closing Of The Stock Exchange
Economy Sunday, June 4, 2023 4:14 PM Baghdad / The National News Center The exchange rates of the US dollar against the Iraqi dinar rose today, Sunday, on the main stock exchange in the capital, Baghdad.
The correspondent of the National News Center said, “The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded an exchange rate of 147,600 dinars, compared to 100 dollars, while the prices this morning were 147,000 dinars.”
He added, "The buying and selling prices rose in the exchange shops in the local markets in Baghdad, where the selling price reached 148,000 dinars, while the purchase prices amounted to 1,467,000 dinars per 100 dollars." https://nnciraq.com/209275/
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