Iraqi News Monday Afternoon 4-11-22
Iraqi News Monday Afternoon 4-11-22
TLM724 Administrator BondLady’s Corner
A Meeting Was Held In Baghdad To Discuss The Region's Oil File
Today, Monday, the capital, Baghdad, will host the first meeting between the Ministry of Oil and a delegation from the Kurdistan Regional Government to discuss the oil file.
A statement by the Ministry of Oil stated, "The first meeting between the Federal Ministry of Oil and a high-ranking delegation representing the Kurdistan Regional Government will be held in Baghdad today, Monday, to discuss the executive procedures, after the decision of the Federal Court, and to agree on new and standard mechanisms to manage the oil industry file in the region, and to achieve The highest benefit and financial returns serving the public interest, which contribute to strengthening and supporting the national economy and the integration of the national oil industry.
It is noteworthy that the Ministry of Oil has formed specialized committees in this regard to prepare a road map to discuss and circulate all files related to the oil industry in the region, and held intensive specialized meetings and workshops with local and international experts, and assigned specialized consultants to review all contracts concluded between the regional government and international companies.
It is noteworthy that the delegation of the regional government, which arrived in Baghdad, includes a number of officials in the government and the Ministry of Natural Resources, including three personalities with the rank of minister. https://www.radionawa.com/all-detail.aspx?jimare=28952
Low Oil Prices In World Markets
Economie| 08:27 - 11/04/2022 Follow-up - Mawazine News: Oil prices fell with the opening of the oil market today, Monday, after the second weekly decline in a row, after consumers in the world announced plans to release crude oil from strategic stocks and with the continuation of Chinese closures.
Brent crude fell at 07:39 Baghdad time, $2.32 to $100.64 a barrel, while US crude lost $2.42 to $95.84, and Brent fell 1.5 percent last week, while West Texas Intermediate, the American fell 1 percent.
The market has been watching developments in China, where authorities have kept Shanghai, a city of 26 million people, under "absolute zero tolerance" to COVID-19 and China is the world's largest oil importer.
International Energy Agency (IEA) member states will release 60 million barrels over the next six months, with the US matching that amount as part of its release of 180 million barrels announced in March. Ended
https://www.mawazin.net/Details.aspx?jimare=189860
Dollar exchange rates against the dinar
Economie| 09:56 - 11/04/2022 Baghdad - Mawazine News, the dollar exchange rates rose, today, Monday, in the local markets. Selling price: 148000 dinars per $100 Purchase price: 147,750 dinars per $100 https://www.mawazin.net/Details.aspx?jimare=189870
Agriculture Submits A Proposal To Address The High Prices In The Markets
Money and business Economy News _ Baghdad Today, Monday, the Ministry of Agriculture announced the achievement of self-sufficiency in fish, while identifying the reasons for the increase in its prices.
The spokesman for the ministry, Hamid Al-Nayef, said in an interview with the Iraqi News Agency, and followed by "Al-Iqtisad News", that "Iraq has self-sufficiency in fish, but the rise that occurred as a result of the great demand for foodstuffs and products, including fish, by citizens during the blessed month of Ramadan and some traders who take advantage of solutions Holy month.
He added, "Fish is abundant in local markets, but its prices vary from one region to another due to the lack of control," noting that "the Ministry of Agriculture has pushed large numbers of fingerlings (small fish) in ponds, lakes, flats and marshes to be ready for sale within a month." .
He stated, "Fish is available, but the problem lies in monitoring market prices," stressing "the necessity of activating the law to monitor prices by a joint committee between the Ministry of Agriculture, Trade and the Interior, with a proposal to include a list of specific prices for agricultural crops and food products to control market prices." and reduce its height.
Views 86 Date added 11/04/2022 https://economy-news.net/content.php?id=27539
Al-Zamili And Al-Najjar Discuss Ways To Develop Investment In Iraq
Money and business Economy News _ Baghdad Hakim Al-Zamili, First Deputy Speaker of the House of Representatives, discussed with the Chairman of the Investment Authority Suha Al-Najjar, on Monday, the obstacles and diagnosing the problems facing the investment process and the mechanisms for its advancement.
Al-Zamili said in a statement to his media office, received by Al-Iqtisad News, that "the investment sector is currently one of the best global economic sectors, and countries attach the utmost importance to advancing their economy. Investment is the key to achieving sustainable development, and here we find it necessary to make the necessary updates to the investment law." He called on the commission to start preparing a draft of the amendments and to coordinate with the competent parliamentary committees.
The first deputy called on the authority to prepare a clear strategy and vision for the development of this important sector in a way that contributes to facilitating the investor's entry and work inside the country, and avoiding all bureaucratic procedures and complications in the issue of granting licenses, land ownership and issuing licenses, and benefiting from the experiences of successful investment countries, stressing at the time The same on "following up on companies operating in Iraq and withdrawing the licenses of lagging projects from them."
For its part, Al-Najjar indicated that "the commission is in the process of completing a new investment map that includes all the governorates of Iraq, and is moving towards activating coordination with the authorities related to the investment project with the aim of speeding up approvals, granting licenses and allocating land." Views 34 Date added 11/04/2022 https://economy-news.net/content.php?id=27542
It May Exceed 25%.. Planning Announces The Imminence Of A New Poverty Survey In Iraq
Money and business Economy News – Baghdad On Monday, the Ministry of Planning and Development Cooperation expected that the poverty rate in the country would rise to 25 percent, while it considered that the adoption of the Food Security and Development Law would address this problem through financial allocations .
Ministry spokesman Abdul-Zahra Al-Hindawi said in a statement to "Shafaq News", that "the ministry will soon start recording a new poverty survey in Iraq and determine the indicators of poverty in light of the current circumstances, whether they are related to Covid 19 or are the product of global food conditions .
He added that "the last statistic of poverty rates in Iraq in 2019 before the pandemic, recorded approximately 22.5 percent," noting that "after the pandemic, and due to economic and health conditions, the percentage increased, and our expectations that this percentage range from 22 to 25 percent ."
Al-Hindawi pointed out that "the government has taken measures to address the problem of the shortage of some basic materials globally, whether by allocating funds, which is an issue related to food security, which is most affected by prices worldwide, to control the situation and the process of compensating the rise in exchange for providing funds to cover this rise ."
He pointed out that "poverty is affected by such circumstances and negative repercussions, but also, on the other hand, there are measures by the government for the purpose of supporting the poor, either through the ration card, which represents the basis through financial support and securing more than one share in a close time for the citizen, and also by supporting the social protection network through grants salaries on a continuous basis for those covered by the network .
He explained that "the adoption of the Food Security and Development Law, which the Ministry of Planning had a role in drafting this law, will address this problem because it will allocate significant funds for food security and projects as well ." Views 87 Date added 11/04/2022 https://economy-news.net/content.php?id=27540
AGFUND Is Looking Into Establishing A Large "Micro" Finance Company In Iraq.. These Are Its Details
Money and business Economy News – Baghdad The Arab Gulf Program for Development "AGFUND", with the Association of Iraqi Private Banks and the Central Bank of Iraq, in the presence of a large presence, discussed the establishment of a specialized microfinance company in Iraq, to reach the disadvantaged segments of society.
Program advisor Badr El-Din Abdel Rahman told Al-Iqtisad News that "the Arab Gulf Program for Development discussed, in a meeting with Iraqi private and governmental banks and the Central Bank, the activation of an agreement to launch an initiative for the Microfinance and Microfinance Company, which specializes in delivering financing to low-income classes and micro-enterprises in society, and lending them to them." To finance its projects or establish new ones, and to enhance the concept of financial inclusion.
He explained that "the agreement includes preparing strategies for microfinance and microfinance within the next 5 years through the Central Bank of Iraq and effective financial institutions to address outstanding issues in this regard, as well as providing a financial education program and preparing trainers to correct the concepts of microfinance in Iraq."
He pointed out that "the Arab Gulf Program for Development aspires to open a microfinance company in Iraq with a capital of up to 10 million dollars, with the participation of Arab and Iraqi private and governmental banks."
He cautioned that "the company's financing will be through bank financing and the Arab Gulf Development Program initiative," noting that "the profits will be reinvested in infrastructure in a way that can be invested in achieving sustainable development."
He pointed out that "the Arab Gulf Program has experiments in microfinance and microfinance in many African and Arab countries, and many resources have been harnessed for microfinance in these countries through innovation banks." Views 115 Date Added 04/11/2022 https://economy-news.net/content.php?id=27536
Iraq And America Discuss Security And Military Cooperation Between Them
The Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, stressed the importance of maintaining the momentum in the war on terrorism, and preventing ISIS cells from growing again.
Al-Kazemi said, according to a statement issued by his office, that "the prime minister received the commander of the US Central Command, General Michael Corella, and his accompanying delegation."
He added, "During the meeting, they discussed security and military cooperation between Iraq and the United States, the course of the war on terrorism, the pursuit of the defeated ISIS remnants, and the latest operations of the Iraqi armed forces in this regard."
The meeting dealt with strengthening joint security coordination, especially after the role of the international coalition against terrorism has moved to the stage of assisting in building Iraqi military capabilities and providing advice, support and empowerment, according to the statement.
Al-Kadhimi stressed the importance of sustaining the momentum in the war on terrorism, preventing ISIS cells from growing again, or establishing footholds for them, and threatening the security of Iraqis and the region.
For his part, General Michael Corella stressed his appreciation for the combat level of the Iraqi security forces, the high performance indicators and their ability to implement their new field tasks, and to invest in the air capabilities provided by the modern Iraqi Air Force aircraft.
During the meeting, according to the statement, they discussed the security and military situation at the regional level and joint coordination to end the activity of terrorist groups, and the threat they pose to the security and stability of the region. https://www.radionawa.com/all-detail.aspx?jimare=28948
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