Iraqi News Monday AM 4-26-21
Iraqi News Monday AM 4-26-21
TLM724 Administrator BondLady’s Corner
Issue (4526) Of The Iraqi Newspaper Al-Waqi’a Issued On 19/4/2021
2021-04-26 10:00:00 1- Law No. (10) of 2021 the third amendment to the Law of the Accountants and Auditors Association.
2- Law No. (11) for the year 2021, the first amendment to the Law of the Fund for Supporting Internal Sections in the Ministry of Higher Education and Scientific Research.
3- Law on retirement rights for deceased employees of the Ministry of Health who have medical, health and administrative professions as a result of the response to Corona virus No. (12) for the year 2021.
4- Republican Decree No. (13) for the year 2021 appointing judges in the fourth category of judges.
5- Instructions to facilitate the implementation of the provisions of the Law to perpetuate the sacrifices of the martyrs of the war against ISIS terrorist gangs, to expedite the completion of their transactions, and to take care of the wounded No. (1) for the year 2021.
6- The internal system of the committee to supervise the implementation of the provisions of the law to perpetuate the sacrifices of the martyrs of the war against ISIS terrorist gangs, accelerate the completion of their transactions, and take care of the wounded No. (2) for the year 2021.
7- Statement issued by the Ministry of Finance No. (3) for the year 2021.
8- A statement issued by the Ministry of Justice No. (6) for the year 2021.
Those wishing to acquire the Iraqi factsheet can refer to the Iraqi investigation department, located in Salhiya / Haifa Street (Ministry of Justice building), and obtain the required number. https://www.moj.gov.iq/view.5578/
The Iraqi Stock Exchange Today .. One Billion Shares Were Traded At About 800 Million Dinars
Economy Monday 26th Apr, 2021 | 02:27 PM| Views: 228 The Iraq Stock Exchange announced, on Monday, that more than one billion shares have been traded, with a financial value of more than 795 million dinars .
The market stated in a report, that "the number of companies whose shares are traded during the day reached 33 companies out of 103 companies listed in the market," indicating that "the number of companies suspended by the decision of the Securities Commission for not adhering to financial disclosure instructions reached 19 companies ."
He added that "the number of traded shares amounted to one billion and 160 thousand shares, with a financial value of 795 million and 808 thousand dinars," noting that "the ISX60 traded price index closed at 593.16 points, a decrease of 0.62% from its closing in the previous session ."
The report indicated, "Shares purchased from non-Iraqi investors amounted to 10 million shares with a financial value of 31 million dinars through the implementation of 9 deals on shares of two companies, while shares sold by non-Iraqis in the market reached 10 million shares, with a financial value of 31 million dinars from During the execution of 9 deals on shares of 4 companies .
He continued that "the most profitable companies were Iraqi for the production of dates, with a change of 3.77%, followed by the Mineral and Bicycles Company, with a change of 1.72%, while the most losing companies were Baghdad, Iraq for public transport, with a change of -4.99%, followed by eligibility for agricultural production, with a change rate of -4.76. % ".
It is noteworthy that the Iraq Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and 103 Iraqi joint stock companies are listed in it, representing the sectors of banking, communications, industry, agriculture, insurance, financial investment, tourism and hotels.
https://aynaliraqnews.com/index.php?aa=news&id22=146774
Today ... Learn About The Exchange Rates Of The Dollar In The Local Market
Economie| 10:28 - 26/04/2021 BAGHDAD - Mawazine News The exchange rates of the dollar recorded, on Monday, a slight increase in the main stock exchange and local markets in the capital, Baghdad.
And the Central Kifah Stock Exchange in the capital, Baghdad, witnessed the registration of 148,000 thousand dinars, for each $ 100 note.
The prices of buying and selling dollars rose in exchange offices and local markets in Baghdad, where the selling price reached 148,500 dinars for each $ 100 bill, while the purchase prices reached 147,500 dinars, for each $ 100 bill. On Sunday, the Central Kifah Stock Exchange in Baghdad recorded 147,750 dinars, for each $ 100 bill. Ended 29 / p4 https://www.mawazin.net/Details.aspx?jimare=151081
Expectations Of Higher Per Capita GDP
Monday 26th April 2021 102 Baghdad: Haider Al-Rubaie The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, expected an increase in the per capita share of GDP for the current year 2021, to reach approximately 6 million dinars annually, indicating that this increase is linked to the continued gradual improvement in oil markets and openness in the global economy.
Saleh's expectations came after the Ministry of Planning announced a decline in the per capita gross domestic product during the past year 2020, compared to what it was in 2019, indicating that the average per capita GDP for the year 2019 amounted to (7) million and (100) thousand dinars. However, in the year 2020 it decreased to (4) million And (900) thousand dinars.
A statement by the Ministry of Planning, received by Al-Sabah, stated that “the gross domestic product for the year 2020 amounted to (198) trillion and (700) billion dinars, which is less than what it reached in the year 2019, when it reached (277) trillion and (800) billion dinars." .
Loss of oil revenues
During his speech to Al-Sabah, Saleh attributed the causes and problems of the decline in the gross domestic product in Iraq, about its capacity by the international financial community (minus 11 percent) in 2020 to two main factors. Oil production and production retreated as a result of adhering to the decision (OPEC +) at the time, indicating that "Iraq lost as a result of that commitment the production of more than one million barrels of oil per day."
The financial advisor to the prime minister noted that «oil constitutes a direct contribution to the gross domestic product of approximately 50 percent, in addition to being a return to the budget by 93 percent, indicating that the indirect effects of the oil sector extend to the overall economy by about 80 percent of market activity. , Through the role of government spending in moving the overall demand and employment of production factors ».
Isolation of sectors of the economy
Saleh puts the factors of non-oil production stumbling due to the Corona epidemic, the shutdown of the economy, and the isolation of the national economy sectors and their workers for several months of the year, at the forefront of the second reason that led to the decline in the gross domestic product, indicating that “these things contributed directly to raising the poverty rate To reach about 32 percent of the Iraqi population, and unemployment rates reached more than 24 percent, which exacerbated the decline in the annual per capita share of the national income or gross domestic product last year.
11 million affected
And the government advisor stated, "The past year 2020 witnessed an increase in the number of families affected by earning and daily work, as a result of the interruption of their work, reaching about 11 million citizens."
Therefore, the decrease in the gross domestic product from 277 trillion dinars in 2019 to about 198 trillion in the year 2020 It should be reflected in the average per capita income from the gross domestic product, after adding nearly a million new people to the population from births in 2020. ”
Double public spending
He indicated, “According to these data, the fiscal policy within the scope of the state’s general budget for the current year 2021 has gone towards seeking to double public spending, with the aim of improving economic activity and generating job opportunities within the economy, pointing out that this trend has brought about improvement in some macroeconomic indicators. Especially after the Ministry of Planning recently disclosed that there is a 50 percent decrease in unemployment and poverty rates compared to the same indicators last year 2020 ».
Saleh believes, “With the government's endeavor to strengthen social welfare programs and absorb poor families, which are below the poverty line, and the state’s economic policy insistence on improving the ration card program and making it target the most vulnerable social forces, I expect that the per capita share of GDP for the current year 2021 will rise to 2021.
Between 5.5 and 6 million dinars per year, especially if the oil markets continue to gradually improve, open up the global economy more broadly, and the degree of receiving the vaccine against the Corona epidemic increases. LINK
Iraqi Planning: High Monthly And Annual Inflation Index For The Month Of March
Economy Monday 26th Apr, 2021 | 11:01 AM| Views: 63 Today, Monday, the Ministry of Planning announced an increase in the inflation index for the month of March by 0.7%, and the annual rate by 4.0 %.
Ministry spokesman Abdul Zahra Al-Hindawi said: "The monthly inflation index for last March rose by 0.7% compared to the previous month," indicating that "the annual inflation index also rose by 4.3% compared to the same month in 2020. "
He added that "the increase in the dollar exchange rate since mid-December of 2020 has caused the devaluation of the local currency and the rise in the prices of goods and services, as most of these local goods are imported ." He pointed out that "the rate of inflation has increased by about 5.6% since November 2020 until March 2021. "
The Central Bureau of Statistics announced earlier last month that the monthly inflation rate for February increased by 0.7% and the annual rate increased by 4%.
https://aynaliraqnews.com/index.php?aa=news&id22=146750
Governor Of The Central Bank And The US Ambassador Discuss Ways Of Joint Cooperation
Monday 26, April 2021 13:21 | Economical Views: 221 Baghdad / NINA / The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, discussed with the US ambassador to Iraq, Matthew Toller, ways of joint cooperation in the monetary and economic fields.
The two sides stressed, during the meeting, "the importance of technical support and joint cooperation for the advancement of the Iraqi banking sector."
For his part, the ambassador praised the reform plan adopted by the administration of the Central Bank of Iraq towards the banking sector, expressing his country's readiness to provide various types of support and assistance to the Central Bank and the banking sector in Iraq. / End 8
https://ninanews.com/Website/News/Details?key=901268
HE GOVERNOR OF THE BANK AND THE US AMBASSADOR DISCUSS COOPERATION IN THE MONETARY AND ECONOMIC FIELDS
Monday, April 26, 2021 1:55 PM Baghdad / National News Center Central Bank Governor Mustafa Ghaleb Makhif and US Ambassador to Iraq Matthew Toller discussed today, Monday, cooperation in the monetary and economic fields.
The Central Bank’s media office said in a statement received by the National News Center, “The Governor of the Central Bank of Iraq, Mustafa Ghaleb, is terrifying, received the American ambassador to Iraq, Matthew Toller,” indicating that “ways of joint cooperation between the two countries in the monetary and economic fields were discussed, including confirmation. The importance of technical support and joint cooperation for the advancement of the Iraqi banking sector.
For his part, the American ambassador praised "the reform plan adopted by the administration of the Central Bank of Iraq towards the banking sector," expressing "his country's readiness to provide various types of support and assistance to the central bank and the banking sector in Iraq." https://nnciraq.com/62676/
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