Iraqi News Sunday AM 9-6-20
Iraqi News Sunday AM 9-6-20
TLM724 Administrator BondLady’s Corner
Parliamentary Legal Discusses The Draft Federal Court Law
09/06/2020 The Legal Committee held a meeting headed by Rep. Rebwar Hadi, Chairman of the Committee, and the attendance of its members today, Sunday 6/9/2020, to discuss the final version of the Federal Supreme Court bill.
At the outset of the meeting, which was held at the committee’s headquarters in the House of Representatives, the committee stressed the need to proceed with enacting the law, ending discussions about it, and presenting it to the House of Representatives to take its legislative path as one of the important laws in the democratic process and establishing the role of constitutional institutions in the country.
The meeting dealt with direct discussion of the articles and paragraphs of the draft law, as well as listening to the proposals of the ladies and gentlemen of the committee members related to the formation of the Federal Court and the number of its members, as well as the purpose of choosing the court as a reserve member from part-time judges in addition to the mechanism for nominating and selecting members of the court.
The meeting stressed the need to continue discussions on the law until it is completed and presented to the House of Representatives.
Media Department Parliament 6/9/2020 LINK
Prime Minister Mustafa Al-Kazimi Receives The Special Representative Of The Secretary-General Of The United Nations In Iraq
2020 Sept 6 The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Sunday, the Special Representative of the Secretary-General of the United Nations in Iraq, Mrs. Jeanine Blashardt.
The meeting witnessed the latest efforts made by the Iraqi institutions concerned with conducting early legislative elections.
The meeting also dealt with ways to strengthen cooperation between Iraq and the United Nations, in order to reach the electoral process in the best honest and expressive way of the will of the Iraqi people.
During the meeting, they discussed the file of the displaced and the latest efforts made to secure their voluntary return to their original areas of residence.
The meeting also witnessed a discussion of the implementation of programs to combat extremism, and their objectives in order to secure a sustainable national environment in which there is no room for the return of terrorism after its defeat.
The Media Office of the Prime Minister 6- Sep-2020 https://pmo.iq/press2020/6-9-202001.htm
Planning: This Year's Budget Includes The Launch Of Employee Bonuses And Promotions
Pratha News Agency82 2020-09-06
The Ministry of Planning announced, on Sunday, that the budget for the year 2020 will be transferred to the Council of Ministers for approval and then referred to the House of Representatives for approval, indicating that the budget includes the launch of bonuses and employee promotions.
The semi-official Al-Sabah newspaper quoted Undersecretary Maher Johan as saying that "the federal financial budget for the current year 2020 that the Ministry of Finance sent to the Council of Ministers last Wednesday is the same budget that was prepared earlier and contains a financial deficit of 80 trillion dinars, And it relied on a total amount estimated at 146 trillion dinars. "
Johan emphasized that "the budget has not undergone any change, and also contained the launch of bonuses and promotions for all employees," indicating that "the available job grades for retirement referrals have been added to the federal budget for 2021."
He noted that "the ministries of planning and oil, in addition to the Central Bank, the Customs Authority and the Public Debt Department, are currently reviewing the amounts that may be supplied to the 2021 budget, which now lacks the existence of final figures." http://burathanews.com/arabic/economic/376017
The Iraqi Financial Market Closed Up By (0.06%) From The Previous Session
Time: 09/06/2020 14:05:01 Read: 1,183 times
{Baghdad: Al Furat News} The Iraqi financial market closed, up by (0.06%) from the previous session.
The indicators for trading in the Iraq Stock Exchange for this day, Sunday, were as follows:
Listed companies: - 105
Traded companies: - 20
１- The number of shares traded reached (33,408,755,092) shares.
２- The value of shares reached (8,323,317,927) dinars.
３- The ISX 60 price index closed at (467.46) points in today's session, up by (0.06%) than its previous session's close of (467.16) points.
４- Trading in shares of (20) companies out of (105) companies listed in the market.
9- The number of companies suspended by a decision of the Securities Commission for not complying with the instructions for financial disclosure is (23) companies.
６- The number of shares purchased from non-Iraqi investors in the regular market reached (96) million shares, at a value of (92) million dinars, through the implementation of (53) transactions on shares of (4) companies.
７- The number of shares sold by non-Iraqi investors in the regular market reached (186) million shares, at a value of (80) million dinars, through the implementation of (9) transactions on the shares of one company only.
Baraem Al-Khair Company executed two opposite matters intended on the shares of the Islamic Holding Bank Company, with a number of shares (32,382) billion shares and a value of (7,771) billion dinars, through the implementation of four deals. LINK
Iraq And Sweden Sign An Electricity Contract Worth $ 80 Million
Energy Economy News – Baghdad On Sunday, the Iraqi ambassador to Sweden, Ahmed Al-Kamali, announced the signing of a contract worth 80 million dollars between the Ministry of Electricity and a Swedish company to establish transformer stations, revealing bilateral moves to re-open an airline between Baghdad and Stockholm soon.
Al-Kamali said in a statement reported by the official Al-Sabah newspaper and seen by Al-Iqtisad News, that "relations between the two countries developed after the holding of the International Compact with Iraq conference hosted by Sweden in 2008, which could be held again in Baghdad if circumstances permit and European countries agree on that." ".
He added, "The support provided by the Swedish government at the Iraq Reconstruction Conference in 2017 as part of the development cooperation strategy, which is still in effect at the present time, as it pledged to pay one billion kronor to develop local governments."
He revealed "the provision of more than one million dollars according to an agreement signed by the Swedish agency" Sida "with the United Nations Population Fund in Iraq to support the response plan to the Corona pandemic.
He revealed, "The signing of a new contract between the Ministry of Electricity and one of the Swedish companies specialized in electric power services to establish four transmission stations out of 24 stations with a capacity of 132 kilovolts in the Bob al-Sham area in Baghdad, central Kut and Diwaniyah, and in Al-Hayyaniyah in Basra, at an amount of 80 million dollars."
Al-Kamali expressed his hope to sign a memorandum of understanding between the Iraqi Civil Aviation Authority and its Swedish counterpart to finalize the reopening of the Baghdad-Stockholm airline.
Number of observations 93 Date of addendum 09/06/2020 https://economy-news.net/content.php?id=21741
The Regional Government Reveals The Number Of Kurdistan Employees
Author: AhadNA3 On 6/9/2020 - 12:06 PM 110 Ahed News – Baghdad Samir Hawrami, the official spokesman for the Deputy Prime Minister of the Kurdistan region, Qubad Talabani, revealed today, Sunday, that the number of employees in the Kurdistan region is one million and a quarter of a million employees, including social workers and the families of the martyrs, while indicating that Talabani's visit was postponed for the coming days.
Hawrami said, "The visit, which was scheduled for today and postponed to the coming days, comes in order to complete the discussions on issues, obstacles and outstanding problems between the two governments regarding the budget file and the region’s share of the general budget."
He added, "The federal government is in the process of formulating a draft budget for 2021, and we aim, through continuous meetings and meetings, to fix the financial dues for the region in the draft general budget before sending it to the Iraqi parliament and approving it, and for there to be a clear vision for the next year and we do not face problems and obstacles regarding the budget and the region’s share."
Hawrami indicated that «the outstanding problems with the federal government include political and legal problems, and in the political affairs, there is a movement and convergence of views on the part of the two parties to deal with them and reach a consensus and a solution to them. With regard to legal problems, the regional government is bound by the constitution and the provisions it contains regarding the region in terms of the budget and the issue of oil, as well as issues related to the crossings and border crossings ».
He explained that "the other problems we seek to solve, especially that the salaries of the Kurdistan region are 893 billion Iraqi dinars, equivalent to 755 million dollars a month," noting that "there is a difference between the two parties about these numbers, especially since the number of employees in the region is approximately one million and 251 thousand and 400," They receive salaries, including salaries for social care, martyrs' families, and political prisoners.
He pointed out that "the regional government has proven these numbers through the biometric system, that the statistics are accurate and clear, and that the regional government has been continuing since the formation of the ministerial cabinet by holding meetings and meetings with the three presidencies to solve all problems and outstanding issues from 2003 until the present time and reach an agreement between the two parties." 2 finished
https://alahadnews.net/105799/%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82/%d8%a7%d9%84%d8%b3%d9%8a%d8%a7%d8%b3%d9%8a%d8%a9/
Wadih Al-Handal: The Iraqi Banking Sector Is Witnessing Good Growth During The Current Stage, Despite The Corona Pandemic
Head of the Iraqi Private Banks Association, Wadih Al-Handal
Banks Economy News _ Baghdad The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed, on Sunday, that the Iraqi banking sector is witnessing good growth during the current stage despite the Corona pandemic, adding that the banking sector has donated more than $ 36 million to the Ministry of Health to combat the Corona pandemic in Iraq.
Al-Handal said in a televised interview with "CNBC Arabi" and followed by "Al-Eqtisad News", that the progress and prosperity of the national economy of any country depends fundamentally on security and stability and the absence of corruption in general, indicating that he blesses what Prime Minister Mustafa Al-Kazemi is trying to do in This trend is important and essential in terms of the return of the national economy to its health through some measures that it intends to take.
He added that Iraq today needs an amount of more than 88 billion dollars to rebuild its dilapidated infrastructure, according to the Iraqi Ministry of Planning, so it needs very large investments to enter the Iraqi market.
He noted that France and America wish to enter into investment in the energy sector, specifically oil and electricity, because Iraq suffers from major problems that negatively affected the economy in the field of electricity, as the Iraqi Prime Minister signed several agreements during his visit to Washington, including the establishment of the Dhi Qar Oil Company in cooperation with Chevron. The US government, which aims to raise the production of the Dhi Qar oil fields from 200 thousand barrels per day to one million barrels during the coming years, in addition to linking Iraq's electricity with Egypt and Jordan through concluding an agreement with them.
He pointed out that the National Investment Commission estimated the investments that must enter Iraq during the period from 2018-2022 from local and international private sector companies ((75 billion dollars)), specifically in the fields of energy, agriculture and industry, as the oil sector occupied 38% of the investments. The country's economy depends on oil, followed by the transport and communications sector at 18%, services at 17%, and then other sectors.
Al-Handal noted that Iraq today has become a good environment for investment, especially that the investment law is one of the distinctive laws that give the investor advantages, including tax exemptions and others.
He explained that the banking sector donated more than $ 36 million to the Ministry of Health to combat the Corona pandemic in Iraq, in addition to delaying borrowers' installments by 6 months and reducing the interest rate on project loans from 6.3% to 4%, especially the sectors affected by the Corona pandemic, such as tourism, hotels and restaurants. .And Al-Handal said that the Central Bank reduced the mandatory reserve ratio for bank deposits, which contributed to enhancing the liquidity of banks by $ 900 million, and that these measures contributed to increasing lending to citizens.
He stressed that the Iraqi banking sector is witnessing good growth during the current stage despite the Corona pandemic, and that is through the great confidence between the banking sector and the citizen, especially after the establishment of the Deposit Insurance Company, as deposits are witnessing a continuous increase, in addition to the conclusion of the banking sector cooperation with international banks in particular
The next stage will witness the entry of foreign companies to work inside Iraq, which will reflect positively on the banking sector, and the salary settlement project also reflected positively on the citizen and increased the percentage of financial inclusion from 11% to 22.5% in 2019 compared to 2018, where the growth of assets reached 2% and cash credit 7% Deposits are 1%. Number of observations 2,650 Date added: 09/06/2020
https://economy-news.net/content.php?id=21747
Salam Al-Shammari: Al-Kazemi Needs Quick Measures To Stimulate The Economy
Sunday 06, September 2020 09:09 | EconomicalViews: 332
Baghdad / NINA / The head of the Parliamentary Committee on Agriculture, Water and Marshlands, Salam Al-Shammari, said: "The prime minister needs quick measures to revitalize the economy, especially in the agricultural side, which is an important resource for the budget after oil."
He said in a statement to the Iraqi National News Agency ( NINA ): "Al-Kazemi needs quick measures for what he promised to implement, especially in the economic, investment and financial aspects, by enhancing internal investments and opening the way for foreign investments and through steps that enhance confidence internally and externally in the local market."
Al-Shammari added: "One of these measures is to create the appropriate security environment, in particular, for broad entry for investors."
He explained, "Continuing to achieve sufficiency in crops and agricultural and animal products requires the start of major projects and extensive land reclamation to ensure continuity, without the local market being affected by any crises." / End 3 https://ninanews.com/Website/News/Details?key=854532
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