Iraqi News Monday AM 8-9-21
Iraqi News Monday AM 8-9-21
TLM724 Administrator BondLady’s Corner
A parliamentary warning to the government against heading towards international borrowing again
Political Monday 9 August 2021 | 11:23 am| Number of readings: 148 On Monday, a member of the Parliamentary Economy and Investment Committee, Mahmoud Al-Zajrawi, warned the government of Prime Minister Mustafa Al-Kazemi against going to borrow from the International Monetary Fund .
Al-Zajrawi said that "the serious approach to obtaining non-oil revenues lies in activating internal and external investment," noting that "the government's reliance on the borrowing policy will shackle the Iraqi economy and future generations with great debt ."
He added, "Diversifying sources of income by activating external and internal investment and activating private sectors and companies as an alternative to borrowing to spare Iraq from large indebtedness ."
In a previous statement, the head of the National Nahj bloc, Ammar Tohme, warned the government against going to borrow from the International Monetary Fund and its severe damage to the country.
https://aynaliraqnews.com/index.php?aa=news&id22=150629
Economist: The External Borrowing Process Is A "Negative Door" That Affects The Iraqi Economy And Its Performance Level
Monday 09 August 2021 10:55 | Economic Number of readings: 319 Baghdad / NINA / - The economic expert, Raad Twij, stressed the need to reduce the external borrowing process and close this negative door that could affect the Iraqi economy and its performance level, and to adopt issues of sustainable development and financial sustainability.
Twig said in a statement to the National Iraqi News Agency ( NINA ): "One of the advanced steps after preparing different budgets since 2003 is that the Ministry of Finance made exceptional efforts to prepare budgets for the coming years, because this will put Iraqi financial resources under control and the possibility of evaluating performance and the extent of implementation of public budgets between different years. in the course of subsequent and prior years.
He added: "The preparation of future budgets sets goals for those budgets that are closer to the tracks of the national development plans," stressing the need to reduce the external borrowing process and close this negative door that could affect the Iraqi economy and its performance level and to adopt issues of sustainable development and financial sustainability, that is, to establish a budget that is It has the effect of financing the subsequent budget and avoiding inflated budgets, which may establish significant deviations from the real budget with the expected budget, which may wash away this pioneering experiment.”/ https://ninanews.com/Website/News/Details?key=920406
Minister Of Resources From Kirkuk: Climate Changes Are Rapid And All Measures Must Be Taken To Preserve Water Wealth
Monday 09 August 2021 10:16 | Economic Number of readings: 366 Kirkuk / NINA / - Minister of Water Resources, Mahdi Rashid Al-Hamdani, discussed with Kirkuk Governor Rakan Al-Jubouri, efforts to support and develop the departments and institutions of the ministry in Kirkuk, provide support to them, and enhance cooperation with the governorate administration and ensure its water quotas.
During a meeting held by the Minister in the governorate building, the water situation was reviewed and the irrigation and agricultural reality was discussed, and the projects that the ministry’s formations are implementing in the governorate in order to ensure that water quotas are delivered to all beneficiaries in the governorate fairly.
Al-Hamdani listened to the most important problems and obstacles at work, and directed finding quick and effective solutions to them, including increasing the number of working mechanisms in the governorate and providing them with fuel, stressing the preservation of groundwater and the removal of all established fish lakes.
He explained, "The ministry is working on implementing its current and future projects in light of the outcomes of the strategic study of the Ministry of Water and Soil until 2035, which is considered a road map for the ministry's work," noting: "Climate changes are rapid and unexpected, and all measures must be taken to preserve water wealth through its proper use./ End https://ninanews.com/Website/News/Details?key=920389
Parliament Resolves The Controversy Over The Disruption Of Its Sessions.. Parliamentary Legal Reveals To / Nina / The Date Of Resumption Of Its Work
Monday 09 August 2021 15:03 | political Number of readings: 285 Baghdad / NINA / - The House of Representatives has resolved the controversy over the suspension of its regular sessions and the timing of resuming its work for the remainder of the mandate of its current legislative session, in preparation for holding the elections scheduled for the tenth of next October.
Deputy Chairman of the Legal Committee, Muhammad Al-Ghazi, stated, in a statement to the National Iraqi News Agency ( NINA ), that "the parliament is currently in its legislative recess, which will officially end on September 3, coinciding with the approaching election date, and it is not possible to amend or read any new law."
And on the possibility of holding a special extraordinary session at the present time, he explained that "if there is a need to hold an extraordinary session to discuss a specific general topic, the Presidency of the House of Representatives can call for an emergency session at that time."
The House of Representatives held its regular session No. 4 of the second legislative term, for the third legislative year, on Tuesday, July 13, during which the Presidency of Parliament decided to add a discussion paragraph about the tragic fire of Imam Hussein Teaching Hospital in Dhi Qar Governorate to the agenda, then the Presidency decided to host the committee The special government formed to investigate the tragedy of the fire and the governor of Dhi Qar and its security leaders the next morning, and then announced the adjournment of the parliament session until further notice./ https://ninanews.com/Website/News/Details?key=920472
Relative Stability Of The Dollar Exchange Rates In The Local Markets
Economie| 10:51 - 09/08/2021 Baghdad - Mawazine News The dollar exchange rates witnessed, on Monday, relative stability in the main stock exchange and local markets in the capital, Baghdad.
And the dollar exchange rates stabilized on the Central Kifah Stock Exchange in Baghdad today, where it recorded 147,950 dinars, for each $100 bill, which is the same price that was recorded on Sunday morning.
The exchange rates in exchange offices and local markets in Baghdad were also stable, as 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=163204
Oil Is Falling Again Today, And Brent Records $ 67.65 A Barrel
Economie| 01:42 - 09/08/2021 Follow-up - Mawazine News: Oil markets were hit again, Monday, by pessimism about the global economic recovery following the slowdown in growth in the second largest economy in the world.
The price of a barrel of Brent crude, the standard, fell by more than $3, or 4.2%, to levels of $67.65 a barrel, during these moments of today's trading.
The prices of futures contracts for West Texas crude for November delivery fell to levels of 64.55 dollars during these moments of today's trading, with losses of 2.8 dollars.
Recent days have witnessed an acceleration in infection rates with the Corona virus, amid the emergence of the most dangerous and fastest spreading Delta and Delta Plus mutant.
Last Wednesday, Beijing announced tightening restrictions on its citizens' travel abroad in the face of the increasing infections with the Corona virus in China.
The immigration authorities said they would temporarily "not issue ordinary passports and other entry-exit documents" for unnecessary reasons.
And "Goldman Sachs (NYSE:GS)" lowered its forecast for the growth of the Chinese economy, with the impact of measures taken to contain the rapid return of the Corona virus to spending.
China was not alone in this regard, as Japan took similar decisions, while major European countries were threatening to take similar decisions in light of the increasing number of injuries.
https://www.mawazin.net/Details.aspx?jimare=163222
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