Iraqi News Monday AM 5-24-21
Iraqi News Monday AM 5-24-21
TLM724 Administrator BondLady’s Corner
Finance Is Preparing A 3-Year Budget Strategy
Time: 05/24/2021 14:27:57 Read: 1,638 times {Economical: Al Furat News} The Minister of Finance, Ali Abdul Amir Allawi, chaired, on Monday, a meeting at the ministry's headquarters, the eighth session of the committee concerned with preparing the federal budget strategy for the medium term 2022-2024, in the presence of the advisors of the Prime Minister's office, the advisor to the Secretary-General of the Council of Ministers, the deputy and advisor of the ministry and a number of general directors To the ministry.
The Information Office of the Ministry of Finance stated, in a statement that Al Furat News received a copy of, that "the meeting included the presentation of a detailed budget report for the security and defense sectors. The strategy of the Ministry of Defense was presented by the Director General of the Budget and Programs Directorate and touched upon all the financial needs and allocations for the coming uncles. It contributes to supporting the military establishment that meets all its needs. "
He added, "The Director General of Financial Affairs at the Ministry of Interior presented the ministry’s strategy and future steps for the sections on financial allocations, and the reasons for providing privatization compared to previous years, in addition to developing the ministry’s infrastructure."
The Minister of Finance said that "one of the priorities for preparing budgets is that the Ministry of Finance is interested in allocating security ministries, which are the basis for security stability in the country and which contribute to supporting the country's economy and attracting companies to support investment in Iraq, which maximizes non-oil revenues."
The minister added, "We support all security agencies by working to provide all financial allocations for the purpose of facing the security challenges that Iraq faces." LINK
The United Nations Is In The Process Of Creating Sustainable Food And Agricultural Systems
Monday 24th May 2021 79 Rome: Follow up The United Nations Population and Development Commission (the Committee) has decided that food security and nutrition are increasingly seen as two main drivers for achieving sustainable development, to approve a resolution that would enrich the discussions at the upcoming UN Food Systems Summit.
The resolution, as well as the report of the United Nations Secretary-General to the committee, covers a range of topics - ranging from the need to make healthy diets affordable for all, to the importance of ensuring income opportunities for all, although shifts in industry based on capital intensity may lead to a reduction in the need for species.
Of current jobs and employment, and an end to illicit financial flows across borders and the need for governance and ownership of big data to ensure that its benefits are available to all, including smallholders and marginalized populations, as well as the wide range of topics covered that examine the complexity of the task of transitioning to food systems. And sustainable agricultural.
"Food and agricultural systems are at the heart of sustainable development, and are already exceeding the limits of the planet's tolerance in terms of major resources," said the Director-General of the Food and Agriculture Organization of the United Nations, Qu Dongyu, to the delegates of the committee, through a video message, even before the world population reached 10 Billions of people in 2050.
He pointed out that "unbalanced dietary patterns, which lead to chronic and infectious diseases alike, and the magnitude of inequalities make it difficult to enjoy affordable, healthy food patterns."
Xu appealed to the international community to "focus on taking measures that result in promoting rational consumption and production patterns to alleviate the pressure on ecosystems, reduce greenhouse gas emissions and mitigate climate change," as well as "apply policies that lead to creating income-earning opportunities and building human capacity." And the provision of complementary sources of income when necessary ».
The number of people aged 65 years or over is expected to more than double from 2020 to 1.5 billion in 2050, which will affect the demand for various types of food and the minimum dietary energy requirements.
It is worth noting that only 19 percent of children between the ages of 6 months and 23 months in various parts of the world enjoy the minimum acceptable diet, and only half of them eat the minimum recommended number of meals. LINK
Maximizing Financial Resources With Thoughtful Plans
Monday 24th May 2021 92 Baghdad: Mustafa Al-Hashemi The director of the production and automated laboratories department in the company, the engineer, Hatem Abdul Razzaq Manzil, stated in a statement singled out for «Al-Sabah» that «the production and machinery laboratories division of the company operates according to ambitious and viable practical plans that raise the level of production and competition, taking into account the employment of the most recent Technologies and commitment to engineering and technical specifications for all the company's products.
"Our engineering and technical staff continue to implement the casting of the concrete joists for the North Nasiriyah Bridge project and its approaches, which our company is implementing in Dhi Qar province, as the total production during the past two months has reached (48) concrete joists," he added.
He continued, "In the reconstruction project of Al-Baqq Bridge, which is being implemented by our company in Nineveh Governorate, on the Mosul-Dohuk road, and financed by the World Bank, (70) concrete joists were manufactured and equipped from the pre-cast casting plant in Al-Nahda."
And between (32) concrete joists, for a month only, were manufactured from the pre-fabricated casting plant in Ramadi for the gray-Haditha road bridges construction project, which our company is implementing in Anbar Governorate. He added that we have manufactured and equipped (32) concrete joists for the project of rehabilitating the Sindhi concrete bridge linking the Diyala and Salah governorates for one of the companies, as well as equipping (40) concrete joists from the prefabricated casting plant in Al Nahda for projects in the governorates of Maysan and Babel for the benefit of the private sector.
He indicated that the construction materials will continue to be supplied from Al-Mithaq Quarry in the Dujail District in Salah Al-Din Governorate, for the projects and factories of the company and the Ministry's formations, with a rate of 2000 m3 within one month only, explaining that «the knitters of the company contributed to the Ministry’s campaign to pour the Baghdad-Salahuddin Road (transferring concrete) From Khabata Mahmudiyah, at a rate of (170) m 3, within one week only.
The Director of the Production Plants and Mechanism Department concluded his statement by saying: «The work is underway in full swing by the work of maintenance of the plant and the stitching of concrete joists in the Diwaniyah governorate, especially after the arrival of the equipment and equipment for the rehabilitation process from abroad. LINK
The Future Of Smaller Capital
Monday 24th May 2021 90 Mustafa Muhammad Ibrahim defines capital as wealth that constitutes a type of asset and is used to refer to the financial strength of establishments or individuals, and the smaller project consists of one person or a number of people who do not exceed nine people.
In Iraq, we notice year after year that the smaller capital is disappearing, offset by the trend towards larger capital as a result of its development in terms of delivery service and the availability of all supplies, which the customer needs, especially consumer goods (i.e. malls). The big opposite, and the number of visitors who visit it.
One of the most important reasons that led to the disappearance of small capital is the failure to promote and market goods unlike large stores for all goods, and whatever they are characterized by promoting and marketing their goods, especially social media of all kinds, as well as the advantage of large stores by providing free after-sales services, which makes The customer is moving towards the big stores and away from the small ones.
From what we note that the future of small stores in the fading and decay has become the result of the acquisition and control by the large stores on the Iraqi market, it should put some real treatments for small stores, which makes them in the market competition for large stores, and among these treatments is the merger of some stores from the same project that are in bankruptcy.
And the collapse of the capital, as well as the support and financing of these stores by the Iraqi company for financing small projects, which is the one with the jurisdiction of small stores, but some of its conditions in the instructions issued make the owner of the small store not to resort to it to finance the store.
In conclusion ... after the emergence of the Corona epidemic in the year 2020 and until now, small shops are in decline, reinforced by the curfew imposed for the year 2020 and 2021, which distinguishes large capital from small capital, so the issue of small stores should be reconsidered by the sector The private sector itself or by the government, which makes the small store in the market competition, especially since the Iraqi market needs small stores for easy access by citizens and open times.
Also, small shop owners should think seriously about diversifying goods, and reconsider their prices, for the purpose of Attracting the largest number of customers, and this important point must be emphasized by the owners of small stores, which makes them able to face the market and continue to work to achieve profits. LINK
Integrity Controls Bargaining Cases And Irregularities In Real Estate Registration And Two Private Banks In Karbala
Time: 05/24/2021 13:33:15 Read: 1,690 times {Local: Al Furat News} The investigation department of the commission announced that it had carried out two arrests of defendants in the Second Real Estate Registration Directorate and two private banks in Karbala Governorate.
The department clarified in a statement that Al Furat News received a copy of, that “the staff of the Karbala investigation office managed to arrest an employee in the Second Real Estate Registration Directorate for delaying the delivery of transactions to the decentralized auditing authority in the directorate for several months, in preparation for bargaining with their owners for sums of money. Although the instructions stipulate that the transactions must be delivered during the first five days from the beginning of each subsequent month.
She added, "The process resulted in seizing the original written inventory of transactions for the months of November and December 2020, which were issued during the months of February and March of this year," noting that "the total of these transactions reached (521) transactions, while there are no inventories of transactions in January and February.
2021 and the total of (228) transactions, as they are not audited, because the accused did not hand them over to the decentralized auditing authority in the directorate.
She explained that “the office’s team was able, in a separate process, to arrest two defendants who are holders of sukuk books working in a mobile car belonging to a private bank operating in the governorate, for selling the instruments for issuing passports contrary to the instructions issued by the Central Bank, in addition to seizing (3) Checkbooks issued by the bank.
And it indicated that "the team noticed during the execution of the operation the existence of a mobile car belonging to another bank carrying out the same violation, and two checkbooks were seized that authorized signatories to them."
The department confirmed that “two seizure reports were organized in the two operations that were carried out according to two judicial notes, and they were presented, together with the defendants, to the judge of the investigation court specialized in integrity cases in Karbala, who decided to arrest the accused in the first operation in accordance with the provisions of Article (331) of the Penal Code and to release the defendants in the process. The second financial guarantee. " LINK
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