Iraqi News Saturday AM 8-7-21
Iraqi News Saturday AM 8-7-21
TLM724 Administrator BondLady’s Corner
Economist: Iraq Needs More Than 89 Billion Dollars To Complete More Than 6000 Thousand Lagging Projects
Saturday 07, August 2021 09:34 | Economic Number of readings: 231
Baghdad / NINA / - The specialist in managing economic crises, Ali Jabbar Al-Fariji, confirmed that Iraq needs more than 89 billion dollars to complete more than 6000 thousand lagging state projects.
Al-Furaji said in a statement to the National Iraqi News Agency / NINA /: “Prime Minister Mustafa Al-Kazemi asked the World Bank to disburse more than one billion dollars to support the government as additional loans,” noting: “Indebting and requesting loans has become the easiest way to pump cash into the government system.”
He added, "The tendency to complete and implement projects can be considered a positive step, but not by relying on loans to complete lagging projects as a result of the theft of their allocations for years ago," noting: "Borrowing without protection, control, and sound economic management, is about flooding Iraq with debt chaos, not to mention the Failure to limit the interventions of the corruption and theft mafias that control the capabilities of the ministries that undertake projects that are essentially reluctant.
The economic specialist explained: "Iraq needs more than 89 billion dollars to complete more than 6000 thousand lagging state projects. And these projects have been through the theft of public money and smuggling of its allocations in previous years." https://ninanews.com/Website/News/Details?Key=920026
Dollar Exchange Rates In Local Markets
Market Economy News _ Baghdad The exchange rates of the dollar rose, on Saturday, in the local markets in Baghdad. The "Economy News" correspondent said that the Al-Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 147,850 Iraqi dinars, compared to 100 US dollars. Last Thursday morning, the prices were 147,750 dinars per 100 US dollars.
He pointed out that buying and selling prices stabilized in banking shops in the local markets, where the selling price amounted to 148,250 Iraqi dinars, while the purchase prices amounted to 147,250 dinars per 100 US dollars. Views 72 Date added 07/08/2021 https://economy-news.net/content.php?id=25899
The Iraqi Stock Exchange Is Trading Shares Worth 84 Billion Dinars In A Week
Economy Saturday 7 August 2021 Number of readings: 90 On Saturday, the Iraqi Stock Exchange announced the circulation of 81 billion shares, with a financial value of more than 84 billion dinars, during the past week .
The market said in a report, "The number of companies whose shares were traded during the past week amounted to 43 joint-stock companies, while the shares of 41 companies were not traded due to the lack of convergence of the prices of purchase orders with sales orders, and 19 companies continued to be suspended for not providing disclosure out of 103 companies listed in the market." ".
And he indicated that "the number of traded shares amounted to 81 billion and 546 million and 383 thousand shares, an increase of 4.152% compared to the previous session, with a financial value of 84 billion and 268 million and 407 thousand dinars, an increase of 2.876% compared to the previous session through the implementation of 1468 deals ."
He pointed out that "the ISX60 traded price index closed at 582.39 points, recording an increase of 1.22% over its closing in the previous session ."
And the market indicated that "the number of shares purchased from non-Iraqi investors for the past week amounted to 165 million shares, with a financial value of 543 million dinars, through the implementation of 118 deals, while the number of shares sold from non-Iraqi investors reached 111 million shares, with a financial value of 419 million dinars, through the implementation of 68 deal . "
It is noteworthy that the Iraq Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.
https://aynaliraqnews.com/index.php?aa=news&id22=150536
Mahmoud Othman: Dialogue Between Baghdad And Washington Will Not Enhance The Stability Of The Country
Saturday 07, August 2021 09:43 | political Number of readings: 313 Baghdad / NINA / - The independent politician Mahmoud Othman confirmed: "The dialogue between Baghdad and Washington will not enhance the stability of the country."
Othman said in an exclusive statement to the National Iraqi News Agency ( NINA ): "The stability of the country is linked to the success of the American-Iranian dialogue, which is the basis," noting: "The Americans' position toward Iraq and Iran will become clear at the end of this year."
He explained that if Iran and the United States agree on the nuclear program and the negotiations between them succeed, the United States will give more space to Iran in Iraq, but in the event of no agreement, it will be another position, and therefore we await developments in the situation between them.
He pointed out: "The United States deals with Iraq and Syria on the basis of geopolitics, negotiating with the Syrian President to solve Lebanon's problems, as well as negotiating with Iran over the situation in Iraq, because it knows Iran's great influence in Iraq."/ Ended 9 https://ninanews.com/Website/News/Details?Key=920031
Industry Prepares Plans To Rehabilitate 41 Factories
Saturday 07 August 2021 38 Baghdad: Muhammad Al-Talbi The Ministry of Industry and Minerals has prepared two plans to rehabilitate 41 factories.
The Director General of the Technical Department in the Ministry, Nasser Al-Madani, told INA: “The car assembly file has reached advanced stages through partnership contracts signed with solid international companies, the added value of which exceeded 30%,” noting that “scrap materials, especially car bodies, are It was handed over to the General Company for Engineering Support."
He added that "after the issuance of Resolution 42 of 2017, it was decided to hand over the scrap materials to the Iron and Steel Company, because it is the party that benefits from scrap, as it is specialized in recycling iron waste," noting that "this scrap is not exported abroad, because of the issuance of a decision by the General Secretariat of the Council of Ministers. ban its export.
And Al-Madani said, "Some of the products of the State Company for Mining Industries, which included during the previous years (Prime Coat, Cat Pack, Primer) were exported through the General Company for Iraqi Trade Fairs and Services," noting that "the revenues generated from the products exported from (Prime Coat, Cat Pack) ), for the years 2020.2019.2018, it amounted to (156.728.329) million dollars.
Al-Madani stressed that "there is a short-term plan to rehabilitate the stalled laboratories, numbering 17, in addition to a medium-term plan to rehabilitate 24 other laboratories." LINK
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