Iraqi News Monday Evening 6-13-22
Iraqi News Monday Evening 6-13-22
TLM724 Administrator BondLady’s Corner
Oil Prices Are Falling In World Markets
Economy | 08:36 - 13/06/2022 Follow-up - Mawazine News: Oil prices fell more than two dollars, on Monday, after the increase in Corona infections in the Chinese capital, Beijing, dashed hopes of a rapid increase in China's demand for fuel, while concerns about global inflation and economic growth led to a further recession. In the market.
Brent crude futures fell $2.06, or 1.7 percent, to $119.95 a barrel by 00:33 GMT, while US West Texas Intermediate crude recorded $118.54 a barrel, down $2.13, or 1.8 percent.
Prices fell after Chinese officials warned on Sunday of a "vicious" outbreak of COVID-19 in the capital, and announced plans to conduct mass testing in Beijing until Wednesday.
Fears of an interest rate hike after a sharp rise in US inflation data on Friday also put pressure on global financial markets. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=196264
The Dollar Is Rising In The Iraqi Market
Economie| 09:33 - 06/13/2022 Baghdad - Mawazine News, the dollar exchange rates rose, today, Monday, on the Iraqi Stock Exchange. Selling price: 148,650 dinars per 100 dollars,buying price: 148,550 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=196270
The Minister of Finance conducts an inspection visit to the customs authorities and free zones and issues several directives
Money and business Economy News – Baghdad On Monday, Finance Minister Ali Abdel Amir Allawi issued several directives during an inspection visit he made to the customs and free zones authorities.
The Ministry's media office said in a statement, "As part of a series of visits conducted by the Minister of Finance to the departments and bodies of the ministry, Minister of Finance Ali Abdul Amir Allawi conducted, today, Monday, an inspection visit to the General Authority of Customs and the Iraqi Free Zones Authority, accompanied by the directors of the two bodies, Shaker Mahmoud Al-Zubaidi and Munther. Abdul Amir Asad and in the presence of the advanced cadre at the Customs Authority.
The visit, which included the departments and divisions of the authority, included, according to the statement, "writing several directives that would develop and enhance its tasks and capabilities, and follow-up to intensify efforts to raise the level of services provided, as well as direct knowledge of the progress of the approved administrative and technical procedures."
Allawi stressed, "The visit came with the aim of identifying obstacles and diagnosing weaknesses in the performance of institutions, and working to overcome them as quickly as possible, bypassing complex procedures, and making efforts according to the maximum available capabilities to serve the public interest," stressing that "one of the most important priorities is to raise the efficiency of employees and affiliates to perform their work." With great professionalism and diligence.”
He added, "All efforts should be redoubled between the various institutions operating in customs centers and free zones and direct coordination between them in order to bring about a qualitative leap in the customs sector and the Iraqi free zones, reduce cases of systematic manipulation and smuggling and encourage foreign investments," noting "the importance of teamwork in order to protect the economy." The national economy, maximizing the non-oil revenue side, and reviving the local sectors.
17 . views Added 06/13/2022 - 4:16 PM Update 06/13/2022 - 4:24 PM
Finance Forms A Committee To Transfer The Ownership Of The Lands Surrounding Baghdad Airport To The Investment Authority
Economie| 05:30 - 12/06/2022 Baghdad - Mawazine News, Minister of Finance Ali Abdul-Amir Allawi chaired a meeting that included the head of the National Investment Commission, Suha Al-Najjar, and a number of specialized general managers from the ministry and the authority.
The meeting discussed Resolution No. 175 of 2019 regarding the development of these lands in accordance with the amended Investment Law No. (13) of 2006 related to the transfer of ownership of the lands surrounding Baghdad International Airport to the Investment Authority, with the aim of starting the construction work of the Rafael City project.
During the meeting, they discussed mechanisms to expedite the procedures for implementing the transfer decision, and the need to overcome all administrative and technical obstacles and difficulties in this regard.
It was also agreed between the two sides to form a specialized committee similar to the so-called (single window) in coordination with all relevant parties, to supervise and follow up the implementation stages of the decision in a way that ensures the completion of all required procedures in accordance with legal contexts and instructions. https://www.mawazin.net/Details.aspx?jimare=196216
Does Iraq Resort To Transferring The Water File To The International Courts?
Reports Economy News-Baghdad The statements made by the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili regarding the water file with Turkey and Iran, provoked mixed reactions, regarding his waving of legislation to criminalize economic and trade cooperation with the two countries if Ankara and Tehran continue their negative policy towards Iraq and cut off water supplies to the Euphrates, Tigris and their tributaries. About drought hit the country.
Experts believed that the economic and trade paper could be used vis-à-vis the two countries that were wracked by international and other European sanctions, while others believed that this paper could not be used at the present time for reasons related to the lack of industry or local agriculture that could substitute for Turkish and Iranian products .
The specialist in public international law, Professor Dr. Haider Kazem, pointed out that “there is an international law called the International Law of the Sea, which finds its basis in the 1997 United Nations Convention and among the most important principles contained in the said convention related to the issue of (the water between Iraq on the one hand, Turkey and Iran on the one hand, and Turkey and Iran on the other). On the other hand) is the principle of equitable and equitable use of international rivers for neighboring countries, which was disclosed by Articles (5 and 6) of the aforementioned agreement, so Iraq must benefit from it .
He pointed out that "Turkey played a negative role and violated the aforementioned principle, when the (Ilisu) dam was established, which violated the principle of fair and equitable use of rivers and seas by blocking the passage of a lot of water and storing it in the aforementioned dam, so that what reaches Iraq from water releases. not enough to meet his needs; Especially if we mention the steady increase in the population of Iraq in recent times, in addition to being an agricultural country .”
He concluded his speech by saying: “Iraq can resort to international forums, foremost of which is the International Court of Justice, and present the file to it for decision .”
For his part, a member of the Parliamentary Economy and Industry Committee, Soran Omar, told Al-Sabah: “Our industrial, agricultural and local production capacity has not reached the point where we do not need goods from neighboring countries. In addition, Turkish and Iranian products dominated the Iraqi market. including the Kurdistan region .
He pointed out that, "if the goods of the two countries are cut off in the current circumstance from Iraq for a week, there will be greater inflation and price increases, and a law cannot be enacted if we are not able to revive agriculture and industry in all revenues ."
On the other hand, economic analyst Maytham Laibi said in an interview with “Al-Sabah”: “The trade exchange between the three countries mostly includes Iraqi imports from the Turkish and Iranian sides, and that preventing imports from them could lead to a shortage in the commodity supply, and a need Continuous domestic demand and the inability to meet it from local production,
the obvious result is the rise in commodity prices and the decrease in the standard of living for Iraqi citizens, which will increase the suffering of the poor, especially with the rise in prices globally as a result of the Ukrainian crisis, and before that, raising the exchange rate of the dollar against the dinar, which could lead to Poverty is increasing in the country .”
He explained that "there is more than one agreement signed for economic and trade cooperation between Iraq and these two countries, not to mention the failure to count the reactions from the Turkish and Iranian sides, such as stopping Iraqi exports, especially since some of the Iraqi oil, for example, passes through Turkish ports."
140 . views Added 06/13/2022 - 10:34 AM Update 06/13/2022 - 4:18 PM
https://economy-news.net/content.php?id=28447
Al-Kazemi's Advisor: Regulatory Bodies Are Witnessing Progress In Controlling Public Money
Political Today, 18:38 Baghdad - INA - Nassar Al-Hajj, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the regulatory bodies are witnessing an advanced state in implementing the law and controlling public money.
Saleh said, in a statement to the Iraqi News Agency (INA), that "the national oversight agencies are witnessing an advanced state in implementing the law and imposing control over public money," referring to "the role of the
Federal Financial Supervision Bureau, the National Integrity Commission and the Anti-Money Laundering Authority, as well as the Judiciary".
He explained, "The four sides represent the axis of state building in imposing discipline, applying the law and protecting regulations for all public properties," noting that
"these bodies enjoy independence and practice good governance accurately, in order to cross an important stage in building the state and imposing its prestige and authority, by
respecting the behavior with public money without neglecting the role of public opinion and popular control in diagnosing imbalances, and the role of international cooperation in combating new illegal activities in the abuse of public money.
He stressed, "The rule of law and respect for financial behavior and addressing the phenomena of abuse of public money is a matter that is taking a strong legal path in a growing and accelerating manner, according to the
development of the prominent role of the legal institution and the
regulatory authorities in the country, including the
supervisory role of the legislative authority and the
operational role of the national security services."
All in pursuit of financial and other crimes.
Saleh pointed out, "The importance of the role of the oversight and internal audit bodies in all ministries and government institutions in assuming professional, functional and national responsibility in addressing phenomena that violate public funds and administrative penetration, as
they are early warning devices in protecting the Iraqi state institutions and consolidating the constants of their performance." https://www.ina.iq/158354--.html
The Central Bank Announces The Establishment Of A Free Workshop Entitled Support And Financing Of Micro And Small Projects
June 12, 2022 The Central Bank of Iraq/Center for Banking Studies, in cooperation with the Iraqi Company for Financing Small Projects, announces the establishment of a free training workshop entitled (Support and Financing of Micro and Small Projects) for Saturday, 6/18/18/2222 at seven in the evening and through the electronic training platform remotely Zoom. Meeting ID: (89829599816) Passcode: (123456) https://cbi.iq/news/view/2024
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