Iraqi News Saturday Afternoon 11-6-21
Iraqi News Saturday Afternoon 11-6-21
TLM724 Administrator BondLady’s Corner
Mazhar Saleh Recommends Transferring Kuwait Compensation To Savings
Saturday 06 November 2021 243 Baghdad: Nassar al-Hajj Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, recommended, on Friday, that the deducted financial flows of Kuwait’s compensation be transferred to savings and investment.
Saleh said, to "Informed": "The funds that have been going outside the national economic cycle in the form of war compensation since 1996, and amounted to 52.4 billion dollars, will turn their annual deducted flows to serve the interest of the national economy, especially in achieving a financial space in the sovereign resources of Iraq, including On average, it is not less than two billion dollars annually, according to the current oil prices, to contribute to enhancing the financial sustainability of Iraq.
He added, "I find it necessary to maintain the path of the transformation of the amounts corresponding to compensation to be savings that flow into the national economic cycle, especially the trend towards financing income-generating investment projects, which is a positive cumulative development process that leads to enhancing growth in GDP at accelerated rates,
after the war compensations were It constituted a negative deduction and a drain on the national income cycle and over the past three decades, as Iraq paid a high direct price in it between war compensation and the costs of inspection teams, and indirect costs represented in the destruction of Iraq’s infrastructure due to the operations of the previous Gulf War, reckless war conflicts and disruption of economic growth opportunities that all formed The costs and burdens may be dozens of times higher than the compensation amounts mentioned.”
And Salih said, "The shift from the political economy of the war that Iraq fought between 1990-2003, to the political economy of peace means a shift towards development, progress, stability and building prosperity in a new Iraqi era." LINK
The National Union: This Week Will Witness Focused Negotiations Between Baghdad And Erbil
The Patriotic Union of Kurdistan revealed, on Saturday, the launch of talks during the next two days in Baghdad and Erbil in order to form a government in Baghdad.
The supervisor of the Union Media Office, Stran Abdullah, said in a statement that "this week will witness focused meetings of the leaders of the Union with the Kurdistan Democratic Party to unify Kurdish positions in Erbil."
Abdullah added, "The union will also discuss the issue of forming a government with the opposing political forces in Baghdad, which means that negotiations this week will be a marathon."
He pointed out that "the political activity of the National Union is within its normal state in Erbil as well as Baghdad, and all cadres must support those political tracks within the Union."
https://www.radionawa.com/all-detail.aspx?jimare=26345
The United Nations Mission In Iraq Expresses A Position On The Recent Events
The United Nations Mission in Iraq expressed its regret over the recent events that occurred in Baghdad.
"UNAMI expresses its regret at the ensuing escalation of violence and casualties in Baghdad," the mission said in a Twitter post.
It called on all parties to "exercise the utmost restraint, respect the right to peaceful protest, and that the demonstrations remain peaceful." https://www.radionawa.com/all-detail.aspx?jimare=26340
Economist To Nina: The Local Market Needs Urgent Government Decisions To Break Prices
Saturday 06 November 2021 09:30 | Economic Number of readings: 409 Baghdad / NINA / - An expert in economic affairs, Safwan Qusai, confirmed: "Breaking the high prices of most commodities and merchandise in the local market needs urgent government decisions."
Qusay said in a statement to the National Iraqi News Agency / NINA /: “The market is witnessing a rise in the prices of most consumer goods for several reasons, including external reasons related to a clear rise in the prices of most commodities internationally, at a rate of close to 20% due to the impact of the global production map on the Corona pandemic. Locally due to political instability, the devaluation of the Iraqi dinar, and the inability of local production to compensate for the shortage in imports and the high transportation costs of imported goods.
The expert pointed out that “breaking prices needs urgent government decisions related to tracking prices and benefiting from the financial abundance as a result of the increase in oil prices in expanding the vocabulary of the food basket and including additional numbers in it, in addition to supporting regular bakeries and private generators with free fuel and activating the role of the Economic Crimes Department in monitoring The import process, not blackmailing importers by corruption mafias, and supporting the capabilities of the local agricultural and industrial producer with direct or indirect exemptions and granting financial facilities to expand the production base, will contribute to breaking prices.” / End 8 https://ninanews.com/Website/News/Details?Key=937400
The Digital Economy Brings Additional Financial Returns
Saturday 06 November 2021 76 Baghdad: morning The digital economy contributes to solving human problems in terms of economic, social and environmental terms, and technology comes to be a catalyst and catalyst in all of these answers. In practice, improving the experience of flexibility and innovation is one of the main factors for developing new sources of revenue and ecosystems, which are supported by information, which leads to transformations in the business model.
Dr. Nagham Hussein, Dean of the College of Business Economics at Al-Nahrain University, said: “Before any institution can implement a successful digital transformation strategy, it needs concrete goals to work on, including establishing a culture of data-based decision-making, which includes adopting a digital mindset in all regions of the world. Optimizing resources, including reducing costs related to the use of electricity.
Hussein stressed the importance of government services that can be implemented through data, as they are concerned with processing and documenting information, which eliminates the need for bureaucracy that people currently resort to to process and verify information.
Hussein considered that “one of the most important roles of the government is to enact and implement regulations, which means that individuals will gradually determine the systems that govern their transactions through the terms and conditions of smart contracts, so that individuals’ choices for the terms and conditions of smart contracts become the decisive factor in shaping the prevailing economic and social system.”
The government called for “providing trust between people and institutions in money, contracts and property rights, especially in the event of conflicts and disasters, a role that blockchain technology can play, as a way to build trust between people without the need to know each other in advance,” explaining that “ This means that this alternative, in light of what is promised by the technologies of the fourth industrial revolution, especially the “chain of blocks”, has become more capable of turning into something reality". LINK
Al-Kazemi Directs The Formation Of An Advanced Headquarters To Secure The Sit-In Area Near The Suspension Bridge
Political | 01:13 - 06/11/2021 Baghdad - Mawazine News On Saturday, Prime Minister Mustafa Al-Kazemi directed the formation of an advanced headquarters to secure the sit-in area near the suspension bridge.
The Joint Operations Command said in a statement received by "Mawazine News", "After what happened yesterday, Friday, of the unfortunate events near the sit-in squares in Baghdad, the Commander-in-Chief of the Armed Forces, Prime Minister Mustafa Al-Kazemi, directed the Baghdad Operations Command to form an advanced headquarters headed by a high-ranking officer and representatives About the security services, including the Popular Mobilization Authority, for the purpose of working to manage and secure the sit-in area near the suspension bridge to prevent friction between the security forces and the demonstrators.
The leadership added, "Accordingly, we recommend and remind the demonstrators to abide by the rules of freedom of expression guaranteed by the Iraqi constitution."
The security forces called for restraint and adherence to the best professional practices to protect freedom of expression and human rights, while our leadership continues its work through proactive operations in various sectors to enhance security and stability and confront the remnants of ISIS terrorist gangs in all regions of the country. https://www.mawazin.net/Details.aspx?jimare=173844
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