Iraqi News Saturday AM 5-22-21
Iraqi News Saturday AM 5-22-21
TLM724 Administrator BondLady’s Corner
Barzani And Plaschaert Discuss Solving The Outstanding Problems Between The Center And The Region
Saturday May 22, 2021 144 Baghdad: Morning The President of the Kurdistan Regional Government, Masrour Barzani, discussed with the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennes Plasschaert, the developments of the situation in the country.
A statement by the Kurdistan government said, "Barzani received Plashart, and during the meeting they discussed developments in the situation in Iraq in general, and the relations between the center and the region, in addition to an agreement that the outstanding issues between Baghdad and Erbil will be resolved according to the constitution.
" He added, "The two sides also discussed the role of the United Nations in solving the outstanding problems and the file of the upcoming elections, as well as confronting ISIS terrorist gangs." LINK
The United Nations Launches The Project To Strengthen Justice To Combat Corruption In Iraq
Saturday May 22, 2021 440 Baghdad: Hazem Muhammad Habib The United Nations Development Program in Iraq, in partnership with the European Union, is organizing an international conference, the day after tomorrow, Monday, to launch a new project worth 15 million euros aimed at reducing corruption in Iraq. Which is a high-profile event.
The Resident Representative of the United Nations Development Program in Iraq, Zeina Ali Ahmed, said: This project is a partnership between the European Union Mission in Iraq, the United Nations Development Program, the federal institutions of Iraq and the institutions of the Kurdistan region. Generously funded by the European Union Mission in Iraq.
The project, which will be launched on Monday in the capital, Baghdad, will be attended by representatives of the European Union and the resident representative of the United Nations Development Program in Iraq, representatives of the federal government, the Federal Parliament, Public Prosecution, the Supreme Judicial Council and the Federal Integrity Commission, as well as representatives of the Kurdistan Regional Government and the House of Representatives in the region And the Supreme Judicial Council and the Integrity Commission.
Ahmed added that "the project, which amounts to 15 million euros, aims to reduce corruption in Iraq." She emphasized that "ending impunity for corruption crimes will contribute to restoring confidence between Iraqi citizens and the public institutions that serve them." LINK
Investment Environment And Political Stability Requirements
Saturday May 22, 2021 82 Baghdad: Haider Al-Rubaie Professor at the Faculty of Business Economics at Nahrain University, Dr. Star Al-Bayati, emphasized the necessity of achieving a package of measures through which the rates of sustainable development in Iraq could be doubled, placing at the forefront of those measures the activation of foreign and domestic (national) investment, both public and private.
While he indicated that attracting sober capitals and foreign and local companies is sufficient to achieve developmental leaps, he made clear that strengthening and activating the investment side in the country is necessary to contribute to the reconstruction operations, especially after the apparent deficit in successive public budgets and the reduction of investment expenditures in them.
Earlier, the government took measures to ensure the advancement of the investment sector, represented by the deduction of dozens of lagging projects, as well as the cancellation of all licenses for investment projects, whose completion rate ranges between (0 to 35 percent) and the time period available for the implementation of the project has expired, while the Chairman of the Commission confirmed National Investment, Suha Al-Najjar, withdrew investment licenses, and called for studying the files of lagging investment licenses and following the legal contexts against violators according to the applicable investment law.
Al-Bayati believes, during his speech to Al-Sabah, that "Iraq sought to take important measures to attract foreign investment, and tried to prepare the environment for investment, including the issuance of Foreign Investment Decision No. (39) for the year 2003, then the Investment Law No. (13) for the year 2006, and its amendments. And the introduction of a single window, in which many exemptions, customs facilities and important concessions were also provided to investors. "
And he went on to say that "foreign investment coming to Iraq was not at the level of ambition and hopes, but we may have faced reluctance to enter the Iraqi market, for several reasons, including" what is related to the law, which is required to review some of its articles and make the necessary adjustments, such as the subject of concessions, as it is in the law. Al-Bayati "The division of Iraq in terms of granting concessions into three regions, such as (A, B, and C).
Al-Bayati explained, "Among the reasons for the investors’ reluctance, is related to the climate or the investment environment, which needs many requirements for its preparation, starting with political stability and stopping political disputes, and ending with corruption that undermines the reconstruction process. "
He focused on "the necessity to find radical solutions to end the investor's routine administrative procedures complex, indicating that it is unreasonable that if the investor wants to obtain a license to implement his project, he faces approximately (143) administrative processes by moving from one employee to another, so that this matter takes three Months, Al-Bayati said.
He called for "adopting and activating the role of the single window in granting licenses to investment projects in order to obtain more real (direct) investments, as they are carried out in the real economic sectors that Iraq needs, to support the gross domestic product, while achieving a rate of economic growth based on the participation of different economic sectors. Therefore, we ensure diversification of sources of income or public revenues. LINK
The High Exchange Rate Of The Dollar
Time: 05/22/2021 10:14:57 Read: 5,707 times {Economical: Al Furat News} The exchange rates of the dollar rose slightly, on Saturday, on the main stock exchange in Baghdad
The exchange rate in the Central Al-Kifah and Al-Harithiyah Stock Exchange in Baghdad was 148,800 Iraqi dinars, compared to 100 US dollars.
The selling and buying prices were stabilized in the exchange shops in the local markets in Baghdad, where the selling price reached 149,250 Iraqi dinars, while the purchase prices reached 148,250 dinars per 100 US dollars. LINK
Oil Prices Jump On Hurricane Fears In The Gulf Of Mexico
Economie| 09:20 - 22/05/2021 Follow-up - Mawazine News Oil prices jumped 2 percent, at the end of the week, after three days of losses driven by a storm forming in the Gulf of Mexico.
But prices are on the way to record weekly losses, as investors prepare for the return of Iranian crude after officials announced that Tehran and world powers have made progress in the talks related to the nuclear deal, according to Reuters.
Brent crude ended the session up $ 1.33, equivalent to two percent, at $ 66.44 a barrel, and West Texas Intermediate crude rose $ 1.64, or 2.65 percent, to determine the settlement price at $ 63.54 a barrel.
The National Hurricane Center in the United States said that the chances of a storm forming over the western Gulf of Mexico into a hurricane reach 40 percent within the next two days.
The gains were affected by expectations that Iran could add a million or more barrels of crude per day to oil production later this summer.
Khaman fell nearly 3 percent during the week after Iranian President Hassan Rouhani said Washington was ready to lift sanctions on Iran's oil, banking and shipping sectors. Ended 29 / A43
https://www.mawazin.net/Details.aspx?jimare=154002
A Decline In Iraq's Oil Exports To America To 199 Thousand Barrels Last Week
Saturday 22, May 2021 09:04 | Economical Views: 409 Baghdad ( NINA ) - The US Energy Information Administration announced today, Saturday, that Iraqi oil exports to America decreased to 199 thousand barrels during the past week.
The administration said in its weekly report: "The average US imports of crude oil during the past week from eight countries amounted to 5 million and 837 thousand barrels per day, up by 1.197 million barrels per day from the previous week, which amounted to 4.640 million barrels."
And she added, "America imported crude oil from Iraq at a rate of 199 thousand barrels per day, while it imported 235 thousand barrels in the previous week."
She pointed out that "most of America's oil revenues during the past week came from Canada at a rate of 3.806 million barrels per day, followed by Mexico, whose imports amounted to 692 thousand barrels per day, followed by Saudi Arabia, whose imports amounted to 424 thousand barrels per day, then Colombia at a rate of 325 A thousand barrels per day. "
According to the administration, "the amount of US imports of crude oil from Russia amounted to 238 thousand barrels per day, followed by Ecuador, whose imports amounted to 80 thousand barrels per day, and Nigeria at a rate of 73 thousand barrels per day." https://ninanews.com/Website/News/Details?key=905524
Al-Tamimi Addresses Al-Kazemi: We Are Waiting For Your Attendance At The Investment Conference To Put The Points On The Letters
Posted On 2021-05-22 By Sotaliraq Today, Friday, the head of the Parliamentary Investment Subcommittee, Riyadh Al-Tamimi, invited Prime Minister Mustafa Al-Kazemi to attend the investment conference that the Parliamentary Investment Committee is working on next month at the Babylon Hotel in the capital, Baghdad.
In a statement, Al-Tamimi said, “His Excellency the respected Prime Minister Mustafa Al-Kazemi, and in your capacity as the first executive official in the country, I invite you, in the name of the Parliamentary Economic and Investment Committee, to attend the investment conference that the Parliamentary Investment Committee is working on next month at the Babylon Hotel in the capital, Baghdad, according to your available time.”
He added, “Your Excellency, your presence at the conference will reveal to you the meager possibility to the head of the Authority and the advanced cadre in it and to know what disasters are going on in the investment file, as well as what is going on by granting investments to certain parties at the expense of public money in violation of the law to people who could gain wealth At the expense of public money, they reach billions of dollars according to the transfer of state property and real estate free of charge or with a symbolic allowance in strategic locations, explaining that “it is expected that after obtaining these billions, they will control the fate of the country and the coming governments in the midst of this chaos.”
Al-Tamimi pointed out that, “Unfortunately, the President, the President of the National Investment Commission, due to the lack of technical capabilities and qualifications, and its lack of knowledge of the laws and lack of expertise, is running business in violation of the laws in force, and the Parliamentary Investment Committee has always responded to these twisted and illegal methods, and it needs after being informed of these facts. To your position, clear, frank, and addressing violations.
Al-Tamimi indicated that "the way the authority is managing and managing the investment file in the country is a method of alienation and not a method of attraction, and unfortunately, the country is moving towards the investment path with wrong, destructive and corrupt work mechanisms for every positive matter that will support the economy of Iraq and the Iraqis."
The head of the Parliamentary Investment Subcommittee assured that "your presence in the conference is important, and your interference in the investment file is more important, according to the powers entrusted to it, and we in the Parliamentary Investment Committee hope for you and for your correct decisions that save Iraq."
"We will support you and support the reconstruction and building of Iraq, which is the most important thing for us and for the generous people," Tamimi concluded. LINK
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