Iraqi News Monday AM 7-12-21
Iraqi News Monday AM 7-12-21
TLM724 Administrator BondLady’s Corner
Re-Opening Two Branches Of Rafidain Bank In Mosul, Six Years After They Went Out Of Service
Monday 12 July 2021 10:54 | Economic Number of readings: 418 Mosul / NINA /- The local government in Nineveh Governorate reopened two branches of Al-Rafidain Bank in Ayser and Ayman Mosul, after they were out of service for a period of no less than (six) years due to their bombing by ISIS gangs.
Hussein Lazem, Director General of the Central Bank of Iraq in Nineveh Governorate, told the National Iraqi News Agency ( NINA ): "The two branches resumed work, after leaving the two alternative headquarters, which were on the outskirts of Mosul."/ End https://ninanews.com/Website/News/Details?key=915039
Parliamentary Work: Finalizing The Retirement And Social Security Law Next Week
Money and business Economy News _ Baghdad The Labor, Social Affairs, Migration and Displaced Committee in the House of Representatives said that it is about to finalize the retirement and social security law next week, after meeting with the International Labor Organization to match the provisions of the law with international laws.
The head of the committee, Raad Al-Dahlaki, said in an interview with the newspaper "Al-Sabah" and followed by "Al-Iqtisad News", that "the Retirement and Social Security Law is one of the most important laws that will contribute to the inclusion of large numbers of earners and insured workers in its paragraphs, and it was read first and second reading."
And he indicated that "the committee is still continuing to hold meetings with the competent authorities, federations, unions and civil society organizations to consolidate the law, adapt it by legal methods, put the final touches on it and submit it to a vote." with international laws in order to integrate from all legal, civil and international points of view.
Al-Dahlaki pointed out that "the committee is determined to pass the law because it represents the largest segment of society and opens the door for workers to guarantee their rights," stressing that "the law will be complete for a vote on it after completing its conformity with international laws because it is a large law with financial aspects and broad coverage."
The head of the committee added that "by approving the law, all the non-working class will be included in the government sector, and the door will be opened to many segments of workers and earners in the private sector. From the crowd queue to work in the government sector.”
And he indicated that "the numbers covered by the law may reach more than 3 million people."
Views 193 Date added 12/07/2021 https://economy-news.net/content.php?id=25680
Iraq Is Holding Talks To Overcome The Obstacles To Its Accession To The World Trade Organization
The Permanent Representative of the Republic of Iraq to the United Nations Office in Geneva Abdul Karim Hashim Mustafa (right) with Zhang Xiangchen, Deputy Director-General of the World Trade Organization
Money and business Economy News – Baghdad The Permanent Representative of the Republic of Iraq to the United Nations Office in Geneva, Abdul Karim Hashim Mustafa, discussed with the Deputy Director-General of the Organization, Zhang Xiang Chen, ways to activate the file of Iraq's accession to the World Trade Organization.
This came during their meeting, to talk about ways to activate the file of Iraq's accession to the organization, and the importance of continuing to work on completing technical documents to complete the requirements for accession, and to overcome obstacles and challenges facing the accession process, according to a statement by the Ministry of Foreign Affairs.
The two sides stressed the importance of providing the basic elements for a successful accession process, which lie in political will, coordination between ministries, and technical assistance programs that hone the skills of the negotiating team. Views 195 Date added 12/07/2021 https://economy-news.net/content.php?id=25691
462 Billion Dinars, The Value Of Stock Exchange Trading During The First Half Of 2021
stock market. "Economy News" Market Economy News – Baghdad The semi-annual report for the year 2021 for the Iraqi Stock Exchange (the Stock Exchange), revealed, on Monday, that the market traded 506 billion shares, worth 462 billion dinars.
During the same period, the market organized 113 trading sessions on the shares of 103 listed companies.
The banking sector was the dominant sector in the market trading by 42 companies, followed by the industry sector with 21 companies. Views 97 added 12/07/2021 https://economy-news.net/content.php?id=25693
Today.. The Rise In The Exchange Rates Of The Dollar In The Local Markets
Economie| 10:25 - 12/07/2021 Baghdad - Mawazine News The dollar exchange rates recorded, on Monday, a new rise in the main stock exchange and local markets in the capital, Baghdad.
And the dollar exchange rates on the Central Kifah Stock Exchange in Baghdad recorded today, 148,000 thousand dinars, for each $100 bill.
The prices of buying and selling the dollar also rose in the banking offices and local markets in Baghdad, where the selling price reached 148,500 dinars for each $100 bill, while the purchase price was 147,500 dinars, for each $100 bill. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=160227
Central Bank Sales Of Hard Currency Are Rising Again
Economie| 01:13 - 12/07/2021 Baghdad - Mawazine News,the Central Bank of Iraq's sales of hard currency, on Monday, rose again.
Today, the Central Bank auction for the sale and purchase of foreign currencies witnessed an increase in its sales by 8.13%, to reach 226 million, and 735 thousand and 591 dollars, which it covered at a base exchange rate of 1460 dinars per one dollar.
The purchases amounting to 169 million and 745 thousand and 591 dollars went to strengthening balances abroad in the form of remittances and credits, while the remaining amount of 56 million and 990 dollars went in cash. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=160240
In the document.. the agenda of the parliament session tomorrow, Tuesday, includes the questioning of the Minister of Finance
Political | 12:22 - 12/07/2021 In the document .. the agenda of the parliament session tomorrow, Tuesday, includes the questioning of the Minister of Finance. https://www.mawazin.net/Details.aspx?jimare=160237
Disclosure Of A Development In The Case Of 200 Billion Dinars And Hosting The Iraqi Minister Of Finance
Pratha News Agency241 2021-07-11 Today, Sunday, the Al-Fateh Alliance revealed a development in the case of Baghdad's deposit of 200 billion dinars in the account of the Kurdistan government, and the file of the questioning of the Minister of Finance, Ali Abdul-Amir Allawi.
And the representative of the coalition, Karim Aliwi, said in a press interview, "Representatives from different political blocs were angry and announced their rejection of the Al-Kazemi government depositing 200 billion dinars in the Kurdistan government's account as an advance allocated to pay the salaries of employees working in the public sector in the region, without the regional government's commitment to what It has financial and oil obligations according to the 2021 budget law.
He pointed out, "There is a parliamentary movement aimed at hosting the Iraqi Minister of Finance, to find out the mechanism for launching such an advance to the region without performing his obligations of oil delivery as well as the revenues of the ports."
He stressed: "It is not possible to let Iraq's money be used for political purposes, deals and compliments in order to obtain personal gains."
The government of Mustafa Abdul Latif Mashtat had transferred today an amount of 200 billion dinars to the account of the Kurdistan government as an advance earmarked for the salaries of employees in the region http://burathanews.com/arabic/news/395999
Disclosure Of A Development In The Case Of 200 Billion Dinars And Hosting The Iraqi Minister Of Finance
Pratha News Agency241 2021-07-11 Today, Sunday, the Al-Fateh Alliance revealed a development in the case of Baghdad's deposit of 200 billion dinars in the account of the Kurdistan government, and the file of the questioning of the Minister of Finance, Ali Abdul-Amir Allawi.
And the representative of the coalition, Karim Aliwi, said in a press interview, "Representatives from different political blocs were angry and announced their rejection of the Al-Kazemi government depositing 200 billion dinars in the Kurdistan government's account as an advance allocated to pay the salaries of employees working in the public sector in the region, without the regional government's commitment to what It has financial and oil obligations according to the 2021 budget law.
He pointed out, "There is a parliamentary movement aimed at hosting the Iraqi Minister of Finance, to find out the mechanism for launching such an advance to the region without performing his obligations of oil delivery as well as the revenues of the ports."
He stressed: "It is not possible to let Iraq's money be used for political purposes, deals and compliments in order to obtain personal gains."
The government of Mustafa Abdul Latif Mashtat had transferred today an amount of 200 billion dinars to the account of the Kurdistan government as an advance earmarked for the salaries of employees in the region http://burathanews.com/arabic/news/395999
New York Times: Anbar Is Booming With Local Investments And Huge Construction Projects
Posted On 2021-07-12 By Sotaliraq On the banks of the Euphrates at the edge of Ramadi, bundles of steel and stone rise 20 stories high as work is underway to construct a five-star luxury hotel with swimming pools, saunas and restaurants overlooking the river view.
While the presence of a five-star hotel is not strange in many areas, it is considered the first hotel of its kind to be built decades ago in Anbar Governorate, which witnessed continuous battles with ISIS for years, and it constitutes a launch for a post-ISIS investment movement in an area that is now considered, on the Surprisingly, one of the most stable areas in the country.
“When we entered this city in 2016 it was a ghost town, even stray dogs and cats could not be seen,” Mahdi Al-Noman, director of the Anbar Investment Authority, told a New York Times reporter as he surveyed the city in his car through new highways adorned with central carrots with green grass and trees. Ramadi, the center of Anbar province, has witnessed waves of battles and wars since the American invasion of Iraq in 2003.
The American forces had suffered most of their losses in this province after the invasion. The last battle took place after ISIS militants invaded a third of Iraq in 2014. While other cities in the country are struggling to recover from the consequences of these wars, in Ramadi, investment and construction efforts have begun to flourish.
In addition to the hotel, which will cost 70 million dollars, construction work has begun with the construction of one of the largest shopping complexes, malls, and there are companies that are also bidding for the construction of an international airport. It took Iraqi forces three years to drive ISIS militants out of the country, and those battles left Ramadi largely decimated and almost empty of its civilian population.
Now, Iraqi investors, who have been focusing their attention on projects outside the country for 18 years, have begun to bring their capital to be invested in Anbar.
It took Iraqi forces three years to drive ISIS militants out of the country, and those battles left Ramadi largely decimated and almost empty of its civilian population. Now, Iraqi investors, who have been focusing their attention on projects outside the country for 18 years, have begun to bring their capital to be invested in Anbar.
It took Iraqi forces three years to drive ISIS militants out of the country, and those battles left Ramadi largely decimated and almost empty of its civilian population. Now, Iraqi investors, who have been focusing their attention on projects outside the country for 18 years, have begun to bring their capital to be invested in Anbar.
While some residential areas still lie under the rubble, government-funded projects have revolutionized the city. Instead of crowded streets dotted with potholes and dangling wire mesh as in other Iraqi cities, Ramadi now has a neatly organized street network with underground power lines and central government offices.
The Governor of Anbar, Ali Farhan, said, “We came back and witnessed the destruction and decided that any new construction work must be done in modern ways in order to be in touch with the course of modern planning for civil reconstruction.” Farhan said that the people of Anbar, having lived through so much destruction, no longer tolerate the extremist ideology that allowed ISIS to have a foothold here.
When ISIS captured Ramadi in 2015, the poor of this city of half a million people fled across the desert to a camp set up to house the displaced. The other residents of Ramadi who had financial means went to the Kurdistan region or left the country towards Jordan or Turkey. When they returned, they looked forward to constructing supermarkets, cafes, and hotels, as they were accustomed to abroad. In the glistening central markets of Ramadi, you will now find foodstuffs and coffees from world-famous brands filling the shelves.
Maher Othman, the Iraqi contractor for the new Ramadi Hotel, which has not yet been named, says, "This edifice will be a place for recreation, not just a hotel." He said that his company plans to spend at least 20 million dollars of the total construction cost on building swimming pools, restaurants and shops with saunas, saunas, Moroccan.
Within the vicinity of the hotel complex, workers are constructing 30 guest houses, chalets, with three floors for families or newlyweds. Each house will have its own garden with a swimming pool, food court and balconies overlooking the river.
Moaz Alyan, the businessman who is responsible for building the hotel, which cost $70 million, says, “When the Anbari merchants migrated, they set up projects in the places they went to, such as Turkey, Lebanon, Jordan, Baghdad or Kurdistan. When they came back, they brought money with them.
Businessman Alyan said that his family decided to implement the market and hotel complex project because they believe that it is a successful project in the city and because they want the people of Anbar to see that their people are investing their money in their province.
At Ramadi, there is a huge crane, a crane, hanging over a structure that appears to be a three-storey central market. The hundreds of shops that will be included in the market will provide job opportunities for more than 1,200 people.
At his office in one of the new government buildings, the director of the Anbar Investment Commission, Al-Noman, opens a file containing more than 200 investment licenses he has issued, the investment costs of which are estimated at about $5 billion. It includes the construction of solar power plants, fertilizer factories, residential complexes and schools.
He points out that Iraqi investors make up 70% of these licenses and the rest are for German, Indian, Turkish and Emirati companies, among other countries. Neumann says his dream lies in establishing an international airport, noting that the government had originally allocated $70 million for the first planning stage. LINK
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