Iraqi News Highlights Tuesday Evening 11-1-22
Iraqi News Highlights Tuesday Evening 11-1-22
Tlm724 Administrator Bondlady’s Corner
Saleh Al-Hamashi to / NINA /: Next year's budget may exceed 170 trillion dinars
Tuesday 01 November 2022 10:05 | Economic Number of readings: 389 Baghdad / NINA / - The economic expert, Saleh Al-Hamashi, confirmed that next year's budget may exceed 170 trillion dinars.
He told the National Iraqi News Agency ( NINA ): The most important thing that the Sudanese government is doing is passing the next year's budget because it represents the government's economic plan for a whole year.
Al-Hamashi added: Without a budget, the Prime Minister cannot implement his government program, and he can take advantage of the financial abundance to prepare a budget that may exceed 170 trillion dinars to implement his government program.
He explained that this figure is able to achieve this if it is able to reduce corruption, especially since the doors of corruption in the Iraqi state have become clear and frank and easy to detect if there is the will and seriousness in fighting corruption.
The Minister of Finance, Taif Sami, confirmed earlier that one of the government's most important priorities is to present and approve the draft budget.
She stressed, during a meeting of officials in the ministry, "the importance of cooperation in the spirit of one team, and to complete the process of reforms necessary for the financial policy and to provide the requirements for comprehensive development of the national economy, especially in light of the current economic conditions," noting that "one of the most important priorities of the new government and the ministry is to present the draft federal budget for the year 2023 and its approval.”/End 3
https://ninanews.com/Website/News/Details?key=1011215
Parliamentary Integrity Of / NINA /: The Technical Report On “Theft Of The Century” Will Include These Facts And Our Recommendations To The Government
Tuesday 01 November 2022 16:28 | politica lNumber of readings: 200 Baghdad / NINA / - The Parliamentary Integrity Committee revealed the content of its technical report, which it will submit to the concerned authorities on the crime of disbursing and stealing tax trust funds, "theft of the century".
And a member of the committee, Deputy Sarwa Abdul Wahed, stated, in a statement to the National Iraqi News Agency ( NINA ), that "the Parliamentary Integrity Committee will mention in its technical report to the concerned authorities the need to prosecute the series of officials involved in disbursing these funds, starting with the office of Prime Minister "Al-Kazemi" and all of His name was mentioned, and that they be held accountable and imprisoned until the investigations are completed."
She explained, "These thefts occurred during the time of the resigned Finance Minister Ali Allawi, but everyone who took over the position of responsibility after him is all responsible for what happened and we do not exonerate any of them, and therefore we asked that investigations be conducted with all officials and departments of the Tax Authority, the Ministry of Finance, Rafidain Bank and the Prime Minister's Office. All without exception."
She added, "We will mention in the technical report that everyone is evading responsibility, as how the Rafidain Bank disbursed sukuk worth 85 billion dinars within one day through a small branch that has all that cash."
And she continued, "We will request the formation of a judicial and supervisory committee for accountability, and there will also be another ministerial committee to review all the decisions of the caretaker government daily, regarding appointments, projects, bank transfers, and all decisions taken by the Council of Ministers during the period at that time," indicating that "there are those who came out on bail, and we hope Reviewing the decision to hold them all accountable again, as it is not possible for those involved in stealing money to come out, as well as the exemption orders and the withdrawal of the hand help the escape of those officials, just as the tax director Osama fled out of Iraq recently.” /
https://ninanews.com/Website/News/Details?Key=1011311
A New Drop In World Oil Prices
Tuesday 01 November 2022 11:11 | Economic Number of readings: 212 Baghdad / NINA / - Oil prices fell today, Tuesday, to continue their losses, which amounted to one percent in the previous session, with increasing fears of slowing fuel demand in China, the second largest oil consumer in the world, due to the restrictions of Covid-19.
And the economic bulletin of Reuters said: The futures contracts for Brent crude for January delivery fell four cents to 92.77 dollars a barrel. The December contract expired on Monday at $94.83 a barrel, a decrease of one percent.
US West Texas Intermediate crude fell 18 cents, to $86.35 a barrel.
Covid-19 restrictions in China forced the temporary closure of the Disney resort in Shanghai on Monday, while production of Apple's iPhone phones at a large facility in China may drop by 30% this November.
Strict epidemic restrictions caused factory activity in China to drop in October and reduced imports from Japan and South Korea.
US oil production jumped to nearly 12 million barrels per day in August, the highest level since the start of the Covid-19 pandemic, putting pressure on prices, even as shale oil companies announced that they do not expect production to accelerate in the coming months.
Brent and West Texas crude closed higher in October, to record the first monthly gains since May, after the Organization of Petroleum Exporting Countries (OPEC) and allies led by Russia announced plans to cut production by two million barrels per day.
OPEC raised its forecast for global oil demand in the medium and long term on Monday, saying that $12.1 trillion in investment is needed to meet this demand despite the shift to renewables.
US President Joe Biden on Monday called on oil and gas companies to use their record profits to cut costs for Americans and increase production, or pay a higher tax rate.
Al-Sudani: We Will Take A Position On The Countries That Refrain From Recovering The Smuggled Money From Iraq
Money and business Economy News-Baghdad Prime Minister Muhammad Shia Al-Sudani affirmed today, Tuesday, that recovering funds abroad is a priority for the government, while noting that the battle against corruption is crucial.
Al-Sudani said during his visit to the headquarters of the Integrity Commission and his meeting with the head of the commission, his deputy, and the advanced staff in it, and it followed that "Prime Minister Muhammad Shia Al-Sudani pledged that the first criteria in his government's dealings with the governments of countries is the extent of its cooperation with Iraq in recovering the convicts and the smuggled money,
and the diplomatic effort will be consistent with the procedures The Integrity Commission to enable Iraq to recover its smuggled money, urging it to start opening the most important files in terms of the volume of embezzled or wasted funds, or those related to stopping important projects that by completing the citizen touch the best services provided to him.
Al-Sudani called "to form a supportive team for the Integrity Commission that takes the legal capacity, and does not conflict with the authority's powers and tasks entrusted to it in accordance with its amended effective Law No. 30 of 2011, expressing his readiness "to provide all support to the Commission, whether at the level of executive procedures or legislative interventions for legislative enactment". Laws that combat corruption, which contribute to closing the outlets of this dangerous scourge.
He stressed, "working to improve Iraq's ladder in the international corruption perception index," noting that "we are now in a decisive battle against corruption, and just as we fought ISIS and won it by combining all efforts, we strive to work with the same strength and determination in our battle against corruption that impedes investment, services and development projects."
He stressed, "the fight against corruption and the absence of red lines in front of any corruption file linked to a political party or any person whatsoever, explaining that he will deliberately objectivity, professionalism and integrity in dealing with these files and dealing with them."
And he indicated that "the phenomenon of corruption is developing and changing in the same way as the Corona virus, calling for the development of methods of dealing with it and addressing it and limiting its high levels and its effects on the economy, investment and providing services to citizens, and calling for the development of methods of investigation and investigation of the money of taxpayers to pursue the inflation of funds and illegitimate gain, and not to be satisfied with the methods." The traditional “Where did you get this from” principle?
He urged "providing preventive measures and cultivating a culture of integrity, ethics and chastity of the hand, preserving public money, and preventing employees from being involved in violations or corruption crimes."
For his part, the head of the commission, Alaa Jawad Al-Saadi, reviewed some of the obstacles that may hinder the commission’s work in its tireless quest to combat corruption and beatings at the hands of the corrupt, calling for “legislative intervention to fill the void created by the decision to abolish the system of public inspectors and the violations that have become far from the control and accountability bodies, describing State institutions in the absence of that system are closer to a black box in which it is not known what is going on.”
Al-Saadi pointed to "the achievements made in the field of recovering smuggled funds during the past months, noting that" this file is subject to some difficulties; Because of some legal aspects, such as the difference in the legal system of countries and the issue of dual nationality.
He stressed that "some countries refrain from cooperating with Iraq in the field of recovering its money, and we need to compel government agencies not to conclude any contract or facilitate investment operations inside Iraq with the governments of countries that refrain from cooperating in recovering convicts and smuggled money."
For his part, the deputy head of the commission, Mazhar Turki Abed, proposed “a legislative intervention to amend some laws; In light of the complexity of this dangerous system, it is necessary to rely on what has been adopted by global experiences in eliminating corruption, the most important of which is taking preventive measures to prevent the occurrence of corruption, such as e-government and the governance of services, according to which the phenomenon of auditors’ contact with the employees of departments, especially service ones, ends.
Views 164 Added 11/01/2022 - 12:41 PM Update 11/01/2022 - 7:09 PM
https://economy-news.net/content.php?id=30525
The Exchange Rate Of The Dollar Is Slightly Rising In The Local Markets
Economie| 09:13 - 01/11/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, today, Tuesday, a slight increase in the local stock exchange. Selling price: 146.300 dinars per 100 dollars Purchase price: 146.100 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=209867
Washington Sets A Condition To Increase Opportunities For Private Sector Growth In Iraq
Political | 05:16 - 01/11/2022 Baghdad - Mawazine News On Tuesday, the United States of America announced a condition to increase opportunities for the growth of the private sector in Iraq.
And the US ambassador to Baghdad, Alina Ruminsky, said in a tweet via Twitter, which was followed by / Mawazine News /, that she "spoke today with members of the United States in the Business Council for International Understanding and told them that economic opportunities exist in Iraq."
She added, "The potential for private sector growth will increase if the new government takes measures to build a more stable, secure and sovereign Iraq." Ended 29/R77
https://www.mawazin.net/Details.aspx?jimare=209912
Al-Sudani Sacks High-Ranking Security Officials
Political | 05:09 - 01/11/2022 Baghdad - Mawazine News A political source said, on Tuesday, the dismissal of security officials by a decision of the Council of Ministers.
The source told "Mawazine News", "The dismissals included the director of the intelligence service, Raed Jouhi, and the general in the agency, Diaa al-Moussawi."
The source added, "The commander of the special squad in charge of protecting the capital, Lieutenant-General Hamid Al-Zuhairi, has been referred to the Amir."
The source pointed out, "The exemption decisions included the mayor of Baghdad and the governors of Najaf, Dhi Qar, Salah al-Din and Babil." https://www.mawazin.net/Details.aspx?jimare=209910
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