Iraqi News Saturday AM 9-4-21
Iraqi News Saturday AM 9-4-21
TLM724 Administrator BondLady’s Corner
The Central Bank Discusses The Sustainable Recovery From (Covid-19)
Saturday 04 September 2021 70 Baghdad: morning Iraq participated in the Conference of the Board of Governors of the Islamic Development Bank, which was held in Tashkent, the capital of Uzbekistan.
The delegation of Iraq was headed by the Governor of the Central Bank, Mustafa Ghaleb Mikheeb, who discussed at the conference a number of issues related to development in Islamic countries and the challenges facing their economies, in the wake of most of them being exposed to the repercussions of the Corona pandemic.
The conference discussed enhancing the importance of the role of the Islamic Development Bank in assisting member states in sustainable recovery from the ongoing impact of the emerging Corona pandemic, as well as efforts to combat poverty, build resilience and create job opportunities for youth, in addition to implementing national development plans for member states, and stimulating green economic growth. Mobilizing additional resources for development.
The governor reviewed the government's plans in the short and medium terms to revive the economy and achieve the goals stated in the government program, and the central bank's role in providing job opportunities through its multiple development initiatives. LINK
The Stability Of The Dollar Exchange Rates In The Local Markets
Pratha News Agency87 2021-09-04 The exchange rates of the US dollar against the Iraqi dinar stabilized today, Saturday, in the local markets.
Today, Saturday, the selling prices of the dollar recorded 147,500 dinars per 100 dollars, while the purchase prices of the dollar recorded 147,000 dinars per 100 dollars.
And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar. http://burathanews.com/arabic/economic/399142
Iraq And Total Sign A Contract Worth 27 Billion Dollars For 4 Projects
Energy Economy News – Baghdad The French company Total has contracted with the Iraqi government four projects costing $27 billion. These projects include the areas of infrastructure for gas transmission, securing electric power and raising the level of electricity production.
The agreement will be signed between the two parties in a ceremony to be held at three o'clock in the afternoon tomorrow, Sunday (September 5, 2021) at the Presidential Palace in Baghdad and in the presence of officials from the Iraqi government and the French company Total.
The Iraqi Ministry of Oil had indicated earlier that the French company Total had implemented a set of projects, indicating that the projects included the construction of the infrastructure to process gas associated with oil production in two phases, and that the project would produce 600 cubic feet per day of associated gas, in addition to two projects to develop (Al-Artawi) oil field and extending the field's wells with the waters of the Shatt Al-Arab.
The contract to be signed with Total includes the construction of a project to produce electricity from solar energy, with a production capacity of 1,000 megawatts.
According to a statement issued by the Ministry of Oil, Oil Minister Ihsan Abdul-Jabbar confirmed reaching an agreement with the French company Total on projects that would enhance the infrastructure of the energy sector in Iraq.
Abdul Jabbar indicated, according to the statement, that the project includes collecting and filtering gas in the Basra gas fields, and that Total will install gas isolation devices in those fields, and establish the infrastructure for the treatment of separated gas in the Al-Artawi field, and that Iraq will enjoy the end of this investment process with one of the most important energy projects. Views 66 Date Added 09/04/2021 https://economy-news.net/content.php?id=26188
An Economist Calls For The Removal Of Excesses By Parties And Officials On Public Money
Saturday 04 September 2021 11:45 | Economic Number of readings: 347 Baghdad / NINA / - The expert in economic affairs, Safwan Qusay, stressed the need to develop a precise economic plan to remove the excesses of parties and officials on public money and to expose the aspects of corruption legislated with new laws.
Qusay said in a statement to the National Iraqi News Agency / NINA / that "the process of building the state in all its sectors needs a strong will that derives its strength from the Iraqis who did not exceed public money, and from here the expansion of the process of removing abuses and violations must expand to include all sectors, to appear The credibility of the government in implementing the law is for everyone.”
He added: "The files of transgressing the law by giving privileges to those who do not deserve or turning a blind eye to the aspects of corruption legislated by laws are many files referred to by many, but the process of addressing them is still slow."
And he stressed: "Iraq needs (Abeer Iraq) to correct what was destroyed years ago, and the current government must establish this stage to clean up the state with all its joints."
He continued, "This process will enable the government to return the looted funds, use Iraq's resources to the best use, and put Iraq in its rightful place." / https://ninanews.com/Website/News/Details?Key=925345
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