Iraqi News Sunday AM 11-21-21
Iraqi News Sunday AM 11-21-21
TLM724 Administrator BondLady’s Corner
International Monetary: Iraq Will Achieve The Highest Economic Growth Among The Arab Gulf States
Money and business Economy News _ Baghdad The International Monetary Fund expected that Iraq will achieve the highest economic growth among the Arab Gulf states during the year 2021.
And the Fund said in a table, which was reviewed by "Al-Iqtisad News", that "it is expected that Iraq will achieve economic growth for the year 2021 that is higher than the rest of the oil-rich Arab Gulf countries, by 3.6%."
And she added, "The economic growth of the Arab Gulf states and the countries neighboring Iraq will witness unevenness," noting that "Saudi Arabia is expected to witness an economic growth of 2.8%, Oman will witness an economic growth of 2.5%, Qatar will witness an economic growth of 1.9%, and Kuwait will witness an economic growth of 2.5%." 0.9%, and the UAE is experiencing an economic growth of 2.2%."
She added that "Jordan is expected to witness an economic growth of 2%, Iran an economic growth of 2.5%, and Turkey an economic growth of 9%, noting that Yemen will witness a decline in its economic growth for 2021 by 2%."
He pointed out that "Egypt will witness an economic growth of 3.3% for 2021, and the Maghreb countries will witness a rise in economic growth, as Tunisia is expected to witness an economic growth of 3%, Algeria will witness an economic growth of 3.4%, and Morocco will witness an economic growth of 5.7%."
Views 349 Date Added 11/21/2021 https://economy-news.net/content.php?id=26822
An International Expectation Of High Economic Growth In Iraq
Sunday 21 November 2021 13:06 | economic Number of readings: 397 Baghdad / NINA / - The International Monetary Fund expected that Iraq will achieve the highest economic growth among the Arab Gulf states during the current year.
A statement by the Fund stated that: Iraq is expected to achieve economic growth for the current year, higher than the rest of the oil-rich Arab Gulf states, by 3.6 percent.
He pointed out that: the disparity in the economic growth of the Arab Gulf states and the countries neighboring Iraq will be the clear feature.
He explained that: Bahrain is expected to witness an economic growth of 3.3%, Saudi Arabia 2.9%, Oman 2.5%, the UAE 2.2%, Qatar 1.9%, and Kuwait 0.9%./End 3
https://ninanews.com/Website/News/Details?key=940301
The Fifth Economic Forum Discusses Oil Contracts And Their Impact On Production
Part of the Fifth Economic Forum of the Iraqi Alliance for Transparency in the Extractive Industries
Money and business Economy News – Baghdad The Fifth Economic Forum of the Iraqi Alliance for Transparency in Extractive Industries discussed the reality of the transition towards clean energy and the role of oil licensing contracts in developing the oil sector.
A member of the coalition, Dr. Ali Nima said, "The forum is held periodically in order to shed light on the most important sector in Iraq, as it provides the federal budget with more than 90% of the revenues."
He pointed out that "Iraq seeks a transition towards clean energy, in line with global trends, especially after joining the Paris Climate Agreement," noting that "this trend needs a decision that advances the infrastructure for the development of clean energy."
Nehme added that "the delay in investing gas by the oil companies came as a result of the lack of profits that derive from that, which resulted in the lack of investment in associated gas, despite the existence of clauses for its investment in oil contracts since the second licensing round."
The conference dealt with three axes, the first being the path of the energy transformation and its impact on Iraq, and the other axis; Prospects for development in the state's public budgets, up to contracts for investment in the field of energy and its transparency in Iraq.
Number of views 110, date added 11/21/2021 https://economy-news.net/content.php?id=26818
The Central Bank sets the controls for declaring funds.. "Infographic"
Economie| 08:35 - 21/11/2021 Baghdad - Mawazine News The Central Bank sets the controls for declaring funds.. "Infographic" https://www.mawazin.net/Details.aspx?jimare=175734
The Central Bank Publishes The Controls For Declaring Funds
Banks Economy News – Baghdad Today, Sunday, the Central Bank of Iraq published the controls for the declaration of funds.
The Central Bank stated in a statement received by "Al-Iqtisad News", that this came "in order to reduce the risks of entering and taking money across the Iraqi borders and exploiting this in money laundering or terrorist financing operations, and based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015, and the provisions of Regulations No. 1 of 2019 (amended to Regulations No. 1 of 2017).
The Central Bank decided to allow the entry and exit of sums less than 10 thousand US dollars or its equivalent in other currencies without declaring them.
As well as allowing the entry and exit of amounts exceeding 10 thousand US dollars to 20 thousand US dollars, provided that they are declared with the need to show what supports the purpose of entering and removing these amounts, and in the event that the supporting documents are not available, the traveler submits an undertaking to bring those documents within 30 days from the date of declaration.
The Central Bank decided to prevent the entry and exit of amounts exceeding 20 thousand dollars or its equivalent in other currencies. The process of entering or taking out these amounts is through the financial institutions exclusively.
It also prevented the entry and exit of sums of more than one million Iraqi dinars, even if it was declared, and the amount is seized and legal measures are taken against him.
In the case of gemstones and precious metals, they must be declared if their value exceeds 10,000 dollars, according to the statement.
The statement stressed the procedure for "declaring the bearer's negotiable financial instruments or transferring them inside or outside Iraq through a person, mail service, shipping service or any other means, whose value exceeds 10 thousand dollars."
Views 182 Date Added 11/21/2021 https://economy-news.net/content.php?id=26819
Iraq Proposes Establishing An Economic Bloc With Turkey And Iran To Strengthen The Region's Economy
Economie| 09:04 - 20/11/2021 Baghdad - Mawazine News Iraq submitted a proposal to establish an economic bloc with Turkey and Iran, and to facilitate the process of granting entry visas to Iraqis, during the work of the Iraqi-Turkish Business Forum for Investment and Contracting currently held in Istanbul.
A spokesman for the Ministry of Commerce, Muhammad Hanoun, said, "The Iraqi-Turkish Business Forum for Investment and Contracting is being held in the presence of the Iraqi public and private sectors, and the message of the Iraqi delegation in it was that a regional economic bloc must be formed that includes Iraq, Turkey and Iran to become a force for the region that allows it to compete with economic gatherings around the world." .
He added, "The Iraqi delegation presented investment opportunities in the fields of agriculture and health, and asked to allow Iraqi banks to open branches in Turkey, and stressed the importance of the entry of Turkish companies to invest in Iraq and address the water problem."
He added that "the private sector, during the conference, raised the water problem and impoverished the central and southern governorates due to its scarcity, which caused the deterioration of the agricultural sector and the reduction of the agricultural plan by 50%."
Hanoun revealed that "the Iraqi delegation also stressed the need to provide facilities to Iraqi investors in Turkey and to allow the entry of sick cases for a maximum period of 48 hours, as well as the request from Ankara to grant Iraqi investors a multiple visa that lasts 4-5 years."
He pointed out that "the Turkish side promised the Iraqi delegation goodness regarding 10 important points, especially facilitating the procedures for granting entry visas to Iraqis."
He stressed that "the trade exchange between Iraq and Turkey reached 21 billion dollars annually in the last year, and it is the second country in terms of exports to Iraq after China."
He expressed his belief that
He also revealed that a request had been submitted to open two new ports with Turkey to facilitate the process of exchanging goods and trade. Ended 29 / p. 87 https://www.mawazin.net/Details.aspx?jimare=175710
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