Iraqi News Monday Afternoon 4-25-22
Iraqi News Monday Afternoon 4-25-22
TLM724 Administrator BondLady’s Corner
What Is The Fate Of The Money That Escaped From Iraq? .. The Financial Advisor Answers
Economie Sunday, 24 April 2022 10:32 PM National News Center / Special Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the fate of the money that escaped from Iraq, pointing out that it left the country illegally and became subject to prosecution.
The financial advisor said, in a statement to the "National News Center", that "the money that was looted from public money during the past decades and which was deposited or invested in its foreign strongholds, whether in the form of bank deposits or in the form of financial or real assets, has become subject to judicial prosecution and according to the applications of Law No. 7 of 2019, which represents the first amendment to Iraq’s Money Recovery Law No. 9 of 2012.”
And he indicated that "the board of directors of the fund recovery fund has been reconstituted under the chairmanship of the head of the National Integrity Commission and the membership of representatives from the relevant ministries and national authorities, where the fund, according to the amended law, is responsible for drawing up policies and setting procedures for the investigation and recovery of public money and according to mechanisms and best professional practices."
He also explained that "the amended Recovery Fund Law stipulates that the government, when it concludes investment or economic agreements with any country that has Iraqi funds covered by the provisions of the law above, obliges the government to conclude agreements with those countries to recover those funds."
He added, "The fund's management possesses a wide information base and arms for cooperation with the competent national agencies, in addition to the development taking place in the field of international cooperation, in line with the United Nations Convention against Corruption," noting that "since 2019 until today, the start of the fund recovery fund embodies its work with results. Effective and important in tracking crimes of assault on public money, according to strong and coherent mechanisms and updated policies to recover money without interruption. https://nnciraq.com/123703/
Oil Falls Near $100
Market Economy News – Baghdad Despite expectations of a rise in oil in light of the continued deterioration of the situation in Eastern Europe, coinciding with Washington's attempts to push its allies to ban Russian oil or to reduce dependence on Moscow's supplies, oil prices have received two shocks of a heavy caliber .
Investors fear a decline in oil demand, with the International Monetary Fund reducing its forecast for global economic growth in the current and next years, in addition to the Chinese economy being affected by closures with the spread of the Corona pandemic .
Oil continues its losses in the past few days, as it fell below the levels of $100 a barrel, to record the NYMEX crude, its lowest level in about 3 weeks .
US light crude fell during these moments of today's ethnic trading below the levels of $98, losing nearly 4%, or the equivalent of $4 per barrel .
On the other hand, Brent crude fell below the levels of 102 dollars per barrel before paring some of its losses, as it hovered near the levels of 102 dollars per barrel, with a decline in the range of 3.8%, losing nearly 4 dollars per barrel .
And oil prices fell when settling transactions last Friday, with concerns about a slowdown in demand for crude due to negative pressures on the global economy .
International reports revealed that the demand for fuel in China is set to fall by 20% this month, equivalent to 1.2 million barrels per day of oil .
According to expectations, the market is heading towards the biggest shock to oil demand since the early days of the epidemic, as demand for gasoline, diesel and jet fuel is expected to decline 20% in April on an annual basis. Views 113 Date Added 04/25/2022 https://economy-news.net/content.php?id=27760
The Baghdad Stock Exchange Closed With A Slight Decrease In The Price Of The Dollar
Market Economy News – Baghdad The exchange rates of the dollar fell against the Iraqi dinar, on Monday, with the closure of the main stock exchange in Baghdad.
And the central Al-Kifah and Al-Harithia stock exchanges in Baghdad closed at 147,350 dinars per $100.
The selling price of the dollar in the local markets was 147,750 dinars, while the purchase price was 146750 dinars per 100 dollars. Views 2 Date Added 04/25/2022 https://economy-news.net/content.php?id=27769
Dollar Exchange Rates Against The Dinar
Economie| 11:26 - 25/04/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, today, Monday, a slight decrease in the local markets.
And the selling prices of the dollar were recorded at 147,500 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147,250 dinars per 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=191182
For The Second Day, Foreign Remittances From The Dollar Rose In The Iraqi Currency Auction
Posted On2022-04-25 By Sotaliraq Foreign remittances from the US dollar in the sales of the Central Bank of Iraq increased significantly at the expense of cash sales in the auction today, Monday, for the second consecutive day this week.
Shafak Agency correspondent stated, "The Central Bank sold today, during its auction to buy and sell US dollars, 212 million and 967 thousand and 148 US dollars, which were covered by the bank at a base exchange rate of 1460 dinars per dollar.
Our correspondent added that more than 82% of these sales went to enhance balances abroad in the form of remittances and credits, which amounted to 181 million and 517 thousand and 148 dollars, while the rest went in the form of cash sales, which amounted to 31 million and 450 thousand dollars.
Our correspondent indicated that 33 banks have responded to requests to enhance balances abroad, and 14 banks to meet cash requests, in addition to 141 mediation companies. LINK
Al-Kazemi Meets With The Ministerial Council For Energy And Issues Several Directives
Today, Monday, Prime Minister Mustafa Al-Kazemi renewed his previous directives to invest time in providing electrical energy.
The Media Office of the Prime Minister said in a statement, "Prime Minister Mustafa Al-Kazemi visited the headquarters of the Ministry of Electricity, and chaired an expanded meeting of the Ministerial Council for Energy, which was attended by the advanced staff of the Ministry of Electricity."
He added, "The meeting witnessed a brief presentation before the Prime Minister of the Ministry's procedures and cadres regarding maintenance and follow-up, its latest preparations to face the summer season, and efforts made to ensure higher hours of supplying electric power to citizens," noting that "Al-Kazemi followed the progress of preparations in a file processing." Iranian gas and electricity, executive details of emergency financial allocations, and the recent cabinet decision to allocate an amount of 500 billion dinars within the operational plan for the electricity sector.
And he indicated, "The meeting examined the progress of cooperation mechanisms between the ministries and the concerned authorities that provide support to the Ministry of Electricity, as well as the efforts made to protect the transmission towers of electric power and protect the components of the national network," noting that "the work of the power line of the Nakara Al-Salman district was reviewed." The progress of work in the Maysan investment station, the rehabilitation of the Baiji line west of Baghdad and the requirements of the Ministry of Electricity in this regard, as well as the Turkish line project.
Al-Kazemi renewed his "previous directives to invest time and the need to prepare and reserve for emergency situations, and to provide a quick alternative in the event that some lines are subjected to being out of service, in addition to the importance of securing specialized cadres in sites that require speedy procedure and treatment." https://www.radionawa.com/all-detail.aspx?jimare=29193
Alia Nassif Warns Of A Corruption Deal In The Civil Aviation Authority
Monday 25 April 2022 09:25 | economic Number of readings: 316
Baghdad / NINA / - Representative Alia Nassif warned, today, Sunday, of: “an attempt by the Civil Aviation Authority to persuade the Council of Ministers to make legal amendments that would allow it to contract with fictitious companies,” indicating that it “will cause millions of dollars to be wasted.”
Nassif said in a statement: "I appeal to the Prime Minister not to approve the proposal that the Civil Aviation Authority will present next Tuesday to the Council of Ministers to amend the second and third paragraphs of Council Resolution No. 197 of 2020, because this amendment will allow the corrupt to contract with fictitious companies to provide security protection for Baghdad Airport." ".
And she added, "Once again, some weak-minded people in the Civil Aviation Authority are trying to tamper with the security protection contract by referring the contract to companies with which they have special relations, which do not have similar work in airport security at all, and one of them has only two employees, but there are legal obstacles." It prevents the corrupt from carrying out their goals, which is Cabinet Resolution No. 197 of 2020.”
Nassif continued, "The Civil Aviation Authority will try to overcome this obstacle by trying to persuade the Council of Ministers, in its session, which will be held next Tuesday, to cancel the second and third paragraphs of Resolution No. 197 so that they can contract with companies that they like."
She explained that, "in the event of contracting with these fictitious companies, millions of dollars of public money will be wasted on contracts with fictitious companies that will not provide security for the airport, stressing that it will refer the information available to it to the Integrity and Public Prosecution Commission, noting that this statement is an official communication." Since the date of its publication in the media. / End 8 https://ninanews.com/Website/News/Details?key=972186
With The Support Of The Tamkeen Fund, The Governor Of The Central Bank Of Iraq Inaugurates Al-Rashad House For The Elderly
Reports Economy News – Baghdad The Governor of the Central Bank, Mustafa Ghaleb, inaugurated, Saturday, the Al-Rashad Home for the Elderly, after the construction of a new building by the “Tamkeen” Community Initiatives Fund, which is supervised by the Central Bank and the Association of Private Banks.
The Engineering Department of the Tamkeen Fund rehabilitated Dar Al-Rashad and added a new building that accommodates 100 people, in order to raise the capacity of the house to accommodate more than 200 people.
This comes after requests were received about a year ago to provide assistance to the elderly home in Al-Rashad, which was suffering from a continuous deterioration in the level of care, in addition to the deterioration of the building, which has been built for nearly 100 years.
"Enable"
In his speech on the sidelines of the opening of the house, the Governor of the Central Bank said, "The Tamkeen Fund has a deep vision to support the community, and part of this vision is dedicated to the elderly, to improve their quality of life and give them the ideal environment to practice their activities and social life."
He added, "We in the (Tamkeen) Fund cannot forget this blessed gray, which was presented to Iraq, thanks and appreciative efforts, over the past period, in building institutions such as education, health, and others."
He addressed the beneficiaries of the rehabilitation of Dar Al-Rashad, that "the banking system stands behind the financing process by donating this project and other projects carried out by the Community Initiatives Fund, and we will continue to support the community and productive initiatives."
He explained that "the project was completed after receiving continuous requests to rehabilitate the building, so that the Central Bank would then coordinate with the banking sector in the Association of Private Banks, and donations and support were collected through the community empowerment initiative to establish a new elderly home worthy of our sons and mothers from the elderly segment."
In turn, the Governor of Baghdad, Muhammad Jaber Al-Atta, confirmed on the sidelines of the opening that "the Al-Rashad House for the Elderly will be one of the important buildings that provide new services for elderly men and women, and this is the responsibility of all government agencies, whether the governorate or others," noting that "the Iraqi Private Banks Association donated this The building that provides basic services for the elderly, in addition to the construction of a library, studio, computer hall, gardens and rest areas.
Purely Humane
The Commissioner Director of the Association of Private Banks, Ali Tariq, says that "the project was accomplished through donations, support and financing of the banking sector in the Community Initiatives Fund "Tamkeen" under the supervision of the Association of Private Banks and the Central Bank of Iraq to support the weak and marginalized groups that need programs, initiatives and care that make them live in comfort and tranquility."
He added, "The Tamkeen Fund directs this money in various humanitarian, cultural and societal directions, and the banking sector will continue to support these projects, and there will be different projects in Baghdad and the provinces."
In turn, the director of the Baghdad Elderly Home Hospital Al-Rashad Ali Al-Gharawi said, "The establishment of the home was supported by the Tamkeen Fund for Community Initiatives within the Association of Private Banks, and it is a purely humanitarian service to support the elderly and relieve pressure on the home, which was established since 1927," noting that "The head of the Association of Private Banks, Wadih Al-Handal, decided with the Governor of the Central Bank of Iraq, Mustafa Aghalib, to provide a service to this generous segment by constructing a building worthy of them."
He stressed that "the opening of the house will contribute to alleviating the pressure on the house and making it able to accommodate new numbers of the elderly, especially with the presence of about 50 requests to reside in the house in addition to those in the streets of Baghdad," stressing that "the building includes special and good specifications and will help provide a decent living. Ragheed belongs to an important segment of Iraqi society, which is the elderly.
Premium Services
Regarding the standard specifications of the building, its parts, the services provided in it, and their suitability for the elderly, the head of the engineering department of the Association of Iraqi Private Banks, Ahmed Basil, says that “the old building in Dar Al-Attaa was suffering from deterioration and its inability to accommodate a number of new guests due to the passage of a long period of time since its construction, and from Then it became ineligible to provide services to the elderly.
He adds that "a committee from the Association of Private Banks, in cooperation with the Central Bank, conducted the necessary studies and statements, and a special engineering body was assigned to carry out designs in accordance with the design standards specific to the elderly category in terms of sleeping places and the way they sit."
He explained that "the design was keen to make the building more like a five-star hotel in terms of comfort, services and specifications, and although this was reflected in the material costs and the space of the house, the Community Initiatives Fund insisted that the house be a model for buildings in Iraq, and an example to follow in projects for the senior category." Age".
The building extends over an area of 1,285 square meters with a capacity to accommodate 102 inmates divided into 34 areas that can accommodate three guests and is equipped with a private bathroom, east and west, according to the guests’ requirements, with cupboards, TV, refrigerator, lockers and tables. The project includes adding a large garden of no less than 450 square meters with the development of the area surrounding the house with an area of 2000 meters with a completion period of 180 days.
Views 131 Date Added 04/25/2022 https://economy-news.net/content.php?id=27759
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