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Iraqi News Monday Afternoon 6-20-22

Iraqi News Monday Afternoon 6-20-22

TLM724 Administrator BondLady’s Corner

“To Get Rid Of Paper Transactions” .. Official Talks Between The Industrial Bank And The Grain Trade

Economie  Sunday, June 19, 2022 11:05 PM  The National News Center / Baghdad..  The Director General of the General Company for Grain Trade, Muhammad Hanoun Karim, discussed today, Sunday, with the Director General of the Industrial Bank, Bilal Sabah Al-Hamdani, ways to improve the company's financial situation and automate the procedures.

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In a statement received by the National News Center, the company’s general manager said, “Today we held a consultative meeting between the two departments of the company and the Industrial Bank, one of the banks of the Ministry of Finance. We can advance our financial work and gain experience in financial transactions such as salaries and financial dues to marketers of wheat and rye and dealing with grinders.”

He added, "We need a qualitative leap in the financial aspect, and we need boldness in the decision and strength in order to leave the world of paper and switch to technology and automation in our business," noting that "it was agreed to send a team representing the company's departments to meet with bank officials presenting the nature of the company's work and discussing experiences The departments and institutions that dealt with the bank and achieved a breakthrough and transformation in their work, and that the team paints a clear picture without ambiguity in the direction of electronic dealing.”

And he stated, "The first step that we want from communicating with the advanced staff of the bank is to know the mechanisms of work and see the views that advance the reality of the company's financial dealings."

And in turn, the general manager of the bank reviewed during the meeting the services provided by the bank, which comes at the forefront of it being the only bank that has the service of dealing via the Internet directly with customers through electronic accounts.”

The statement indicated that it "reviewed the experiences of government departments that dealt with the bank and achieved a great leap in their work system, noting that the world is developing continuously and rapidly and that work is now all electronic."

And he pledged, the general manager of the bank, to prepare work programs, train financial staff, monitor new systems, provide a step-by-step vision for work, correct decisions and provide solutions.  https://nnciraq.com/136011/

Iraq Submits A Proposal To Establish An Electronic Portal For Preparing International Recovery Files

Today, Monday, the head of the Integrity Commission, Alaa Jawad Al-Saadi, presented a proposal to establish an electronic portal to prepare international recovery files, while criticizing countries that refrain from cooperating with the file of recovering convicts and smuggled assets.

Integrity statement stated, "The Chairman of the Integrity Commission, Alaa Jawad Al-Saadi, headed the Iraqi delegation to the Conference of the States Parties to the International Convention against Corruption, to review implementation at its thirteenth session, held in the Austrian capital Vienna for the period from 13-17 June of this year."

Al-Saadi affirmed, "Iraq's response to the requirements to join the United Nations Convention since its accession in 2007," noting that "the race responded to many of the requirements for accession by forming anti-corruption bodies, enacting laws that address this scourge and developing constructive policies for that, in addition to deterrent and injunctive means."

Al-Saadi continued, "Several teams of government experts were formed, in order to carry out the review process stipulated in the agreement, the last of which was the group of experts formed under the ministerial order (Q.T. 10/14/934 on February 17, 2022), and it was completed. From the first session related to chapters (third and fourth) of the agreement, and Iraq was provided with the executive summary of the response.

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He explained, "Iraq is adhering to its commitments regarding Chapters Two and Five, as the final answers have been sent to the United Nations, and the comments of the State of Cameroon have been received on them," noting that "Iraq is awaiting an answer (Nioe Islands), and the date for the Qatari follow-up is still being set. about that.”

He noted, "The responses of the peer countries in the agreement were evaluated and sent to the United Nations, where the expert team completed the assessment of the answers of the peer countries (Canada, Solomon Islands, Myanmar and Montenegro), noting "the cooperation of the three authorities in Iraq in the field of combating corruption," noting that " For the sake of cooperation between those authorities, the legislative authority enacted several laws representing the legal system addressing the fight against corruption.

Corruption.(Deterrence and prevention, proactivity, reform and development), while the judicial authority worked to form criminal courts and investigative courts specialized in integrity issues, and the formation of the Central Criminal Court specialized in hearing corruption cases, which was re-established according to the statement numbered (96 / s / a on 21/11/2021). )".

Regarding the most prominent challenges identified during the stages of the country reviews, Al-Saadi stated, “It is represented in the fact that some state parties do not adopt the agreement as a binding legal basis for the purpose of receiving or responding to requests for legal assistance, contrary to Article (46) of the agreement, while many of the supervisory authorities in the states parties still do not The Convention is adopted as a basis for strengthening international cooperation, contrary to Article (62) of it, which obliges states parties to take the necessary measures to assist implementation,”

noting that “the review mechanism did not clearly address the case if the state under review wanted to update its answers provided in the framework of an assessment Peers after the end of the periods specified under the Model Response Evaluation Schedule attached to the Implementation Review Mechanism issued under Resolution No. (1/3) ".

The head of the Integrity Commission referred to "Iraq's preventive measures to prevent corruption, explaining that the financial and administrative sector has been reformed using e-governance, especially in the tax and customs sectors, ensuring that the citizen does not interact with the employee, which resulted in a significant increase in government revenues and the drying up of bribery crimes.

Electronic procedures were adopted to oblige those charged with submitting a disclosure of the financial interests of those in positions, the mechanism of investigation and investigation, and boycotting the information provided, all through an electronic program "in which we were keen on the security and confidentiality of information circulation, and in which we were able to reach cases of money inflation and conflict of interests."

Al-Saadi stressed, "Iraq aspires for countries to adopt e-governance and automation as a way to help implement the UN Convention, especially in providing legal assistance," noting that "this gives countries speed and freedom to recover their looted assets and recover convicts, suggesting the establishment of an electronic portal to prepare recovery files."

International and the possibility of preparing bulletins on the nature of the money, the persons convicted and the countries abstaining in accordance with international security and judicial procedures that emanate from the provisions of the agreement, balancing between the rights of countries to recover their money and guarantees related to convicted persons and the legitimate reasons offered by the countries custodian of the looted assets for their non-cooperation.

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For his part, the Director General of the Authority's Prevention Department, Ali Qassem Hammoud, reviewed what the Republic of Iraq worked as represented by the Integrity Commission in the field of promoting the culture of integrity and public service ethics, indicating that the "Federal Integrity Commission, the representative of Iraq in the United Nations Agreement to combat corruption, worked to launch a number of Educational and awareness-raising activities such as holding seminars, dialogue forums and workshops, while issuing several magazines and brochures that are concerned with spreading the culture and values ​​of integrity, transparency and anti-corruption,"

noting that "These activities and publications covered all segments of society, including educational and educational institutions, from kindergarten to university level, noting the preparation of a value guide for teachers and the inclusion of integrity values ​​and concepts in educational curricula, as well as programs for preparing and presenting radio and television programs, issuing a special newspaper, and a procedure by the Integrity Authority. Many school competitions, such as school bulletins, art exhibitions, plays and poems.   https://www.radionawa.com/all-detail.aspx?jimare=29987

Investment Reveals A Movement To Oblige Investors To Set Fixed Prices For Housing Units

Residential projects  Reconstruction and building   Economy News – Baghdad The head of the National Investment Commission, Suha Daoud Najjar, announced, on Monday, the withdrawal of work from 165 lagging projects, while revealing a movement to compel investors to set fixed prices for housing units.

Al-Najjar told the official news agency, "The easiest way to invest the financial surplus in strengthening the pillars of the economy is for the state to be a partner of the private sector," pointing out that "all countries that have a financial surplus and oil-producing countries have sovereign funds and investment and development banks, and their financing comes from the surplus. The state becomes a partner in economic and infrastructure projects in particular.

She added, "According to the Prime Minister's directives to withdraw the lagging projects, the authority was able to withdraw 165 projects," noting that "there are constant warnings and we expect this number to rise."

And she added, "With regard to the prices of housing projects, it is not possible to deny the existence of a real housing crisis, but there are speculations due to the increase in liquidity, and it occurs on very limited places and complexes, not in all of Iraq," noting that "there is cooperation with the Central Bank regarding housing projects, The investor will abide by the price of the housing unit according to a contract, and he will not be able to raise the price.”

She stressed, "The intervention of the authority and the banks in determining the unit price with the investor will have a major role in not raising prices."

25 . views  Added 06/20/2022 - 4:57 PM Update 06/20/2022 - 5:48 PM

https://economy-news.net/content.php?id=28569

 

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