More Iraqi News Sunday Evening 4-10-22
More Iraqi News Sunday Evening 4-10-22
TLM724 Administrator BondLady’s Corner
The United Nations Convention: Lebanon's bankruptcy is a mercy bullet for the corrupt Iraqis
Economic Last update 04/09/2022 | 11:05 AM The Information/Baghdad… The head of the “Al-Nahrain Network to Support Integrity and Transparency”, a member of the United Nations Convention against Corruption coalition, Muhammad Rahim Al-Rubaie, confirmed, on Saturday, that the financial crisis that Lebanon is suffering from represented a mercy bullet for all the corrupt who smuggled their money from Iraq and put it there.
Al-Rubaie said in an interview seen by "The Information", that "the financial crisis that Lebanon has suffered three years ago, constituted a major blow to all the corrupt who smuggled their money from Iraq and put it there."
He added, "Most of the money belongs to corrupt Iraqis who have held sensitive positions over the past period, or political parties that smuggled oil and natural resources and the like, and that money was deposited in Lebanese banks."
Al-Rubaie indicated that “the issue also included junior employees who deposited hundreds of thousands of dollars as a result of suspicious operations in these banks,” noting that
“the corruption mafias worked to blackmail those banks after they were completely closed to no avail, and like the Lebanese government’s announcement of such decisions ( A mercy bullet) on the corrupt Iraqis and their money in Lebanese banks.” finished/25 https://almaalomah.me/2022/04/09/591877/
Al-Ghazi: The Initiative Of The Central Bank And The Association Of Banks Has Achieved Positive Returns
Political Today, 17:07 Baghdad – INA The Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, confirmed today, Sunday, that the initiative of the Central Bank and the Association of Banks has achieved positive returns.
Al-Ghazi said, in a statement received by the Iraqi News Agency (INA), that "partnership and integration in the implementation of vital projects between the public and private sectors have greatly contributed to the consolidation of stability and community peace, in addition to providing additional job opportunities."
He added, while chairing the meeting of the Coordination Committee between the Tamkeen Fund and the relevant official institutions, that "the imprint of the initiative of the Central Bank of Iraq and the Association of Iraqi Private Banks, in implementing many projects in Baghdad and a number of provinces, achieved positive returns that were reflected in the reality of Iraqi society, and met the country's need."
Through its careful selection of the influential sectors, after the General Secretariat of the Council of Ministers contributed to coordinating the effort between the ministries and governorates.
The statement added, "The Association of Iraqi Private Banks presented, during the meeting, an overview of the most important joint projects with the Central Bank of Iraq, which were implemented during the last period, represented by the project to develop Al-Mutanabi Street, the Judicial Institute,
Dar Al-Rashad for the elderly and the Baghdad University building, and that the stage witnessed the direct development of Street Al-Haboubi in Dhi Qar Governorate, the National Theater, the House of Cultural Affairs and the Higher Institute for Financial and Accounting Studies, and the development of the old city in Najaf Governorate will begin, and a study will prepare for the designs for the development of Tahrir Square and its approaches in the center of the capital, Baghdad. https://www.ina.iq/153358--.html
Industry And Minerals Announces Its Achievements Within A Year
Baghdad Times- Today, Sunday, the Ministry of Industry and Minerals announced a mechanism for exempting factories from customs duties, while noting that more than 250 factories have been completed within one year.
Director General of Industrial Development Aziz Nazim said, in a statement to the official news agency, that "within Law No. 20 of 1998, there are customs facilities and exemptions for a period of 10 years for machinery, equipment and raw materials according to production," noting that
"the exemptions will help to complete projects with strength and solidity from order to stabilize production.
He explained, "Industrial projects, whether medium or large, when they are exempt from customs and tax duties, will achieve several advantages, including direct employment and reducing unemployment, in addition to achieving a production tax and income tax, and thus a resource for the state will be achieved on the one hand, and the employment of workers on the other."
He added, "Exemptions are made according to the nature of the industrial project and its production materials, so the raw materials that enter into the food or construction industry are covered by the exemptions," noting that
"the exchange rate change, the trend has become towards the food industries and the opening of several factories in this regard."
Nazim affirmed, "During the past year, it was decided to establish 1853 factories, of which 253 were completed, with a production development rate of about 25 percent."
He noted that "several decisions were issued in light of the increase in prices in global markets, including Resolution 65, which organized the process of delivering raw materials to factories, which led to their non-exemption and sale in the market, as well as Resolution 73, which explained exemptions for construction and basic materials, the last of which was the complete exemption of materials.".
https://baghdad-times.net/2022/04/10/الصناعة-والمعادن-تعلن-انجازاتها-خلال/
Collecting Parliamentary Signatures To Cancel The Government's Decision To Transfer The Basra-Aqaba Pipeline To A Chinese Company
political| 06:17 - 10/04/2022 Baghdad - Mawazine News, Sunday, Representative Muhammad Shia Al-Sudani considered the recent decisions of Prime Minister Mustafa Al-Kazemi's government unconstitutional, while referring to collecting parliamentary signatures to cancel the decision to refer the Basra-Aqaba pipeline to a Chinese company.
Al-Sudani said in a statement that Mawazine News received a copy of it, “In light of the political impasse that the country is witnessing, and the failure of the House of Representatives to perform its role and perform its oversight tasks in particular, the caretaker government continues to defy the constitution and the law and continues to take strategic decisions that entail financial obligations.
Great, as the government, in the last regular session of the Council of Ministers on Tuesday, 4/5/2022, and through the Minister of Oil, urgently presented the issue of the Basra pipeline project - an obstacle to exporting oil through Jordan, meaning that this strategic project was not included in the schedule The work of the cabinet meeting, as stipulated by the internal system, was not studied by the legal department of the General Secretariat of the Council of Ministers, and this is a flagrant violation, as it was voted to refer the project to the coalition of the Chinese company CITIC, at a cost of 9 billion dollars.
He added, "This project is the subject of great controversy between a supporter and an opponent of it, and we are not here to argue as much as we note that a non-agreed strategic project is being presented at the stage of a daily care government and in a surprising and scandalous way, as the topic was presented under the title (Philosophy of a Contract) in While the goal is to obtain a decision from the Council of Ministers to approve and authorize the Ministry of Oil to contract with the mentioned Chinese company.
He pointed out, "According to the information available to us, there has been a change in an important detail of this project, as the tanks and pumping stations were transferred from Najaf Governorate to Haditha District in Anbar Governorate.
A Chinese also was introduced in the days of the previous government, and it still exists.
It does not cost the state treasury one dollar, as the project is implemented with financing from the company in exchange for building a refinery and petrochemical plant in Aqaba, the proceeds of which go to cover the cost of implementing the transmission line project and the profits of the executing company, provided that the refinery and factory are owned by The state after a certain period, and therefore what is the interest in overcoming these data?
And he continued, "In confirmation of our fears of this corrupt and unjust deal, this decision was not included in the list of decisions issued in the aforementioned session and was not announced in the press conference of the government's official spokesman or in its media, which have long promoted fake achievements and marginal activities, and while we hold In which the Prime Minister and the Minister of Oil have full legal responsibility,
we regret the position of the ministers for not showing their keenness on public money and addressing projects to waste the country’s wealth, knowing that they will also bear the legal responsibility for these ill-considered decisions that involve clear suspicions of corruption and compromising the public interest.
And he continued, "On the basis of our legitimate and national responsibility, and as one of the people's representatives in the House of Representatives, we demand the Supreme Judicial Council and the Public Prosecution Service to assume its responsibilities and issue the necessary decisions to stop these suspicious contracts, in addition to that we have begun collecting signatures of members of the House of Representatives to cancel the aforementioned cabinet decision and stop this."
The contract and its referral to the next government, provided that it is studied in all respects and the opportunity is opened for local and international companies to present their offers in a way that achieves the best benefit for the country. Ended 29/h https://www.mawazin.net/Details.aspx?jimare=189824
An Economist Warns Of The Repercussions Of Raising Black Oil Prices On The Cement Industry
Sunday, 10 April 2022 2:58 PM National News Center / Follow up On Sunday, economist Nabil Al-Marsoumi warned of the repercussions of raising black oil prices on the cement and asphalt industry and the level of unemployment in Iraq.
Al-Marsoumi said, in a Facebook post seen by the National News Center, that “the decision of the Ministry of Oil to raise the prices of black oil will lead to damages to the cement industry, especially because it will raise production costs and make importing clinker from Iran more feasible than using black oil, which is what is happening.” Currently, which will increase foreign currency leakage abroad.”
He added, "The cement industry, which is currently achieving high rates of self-sufficiency, will suffer in favor of foreign cement, which will crowd out Iraqi cement, which will increase the costs of building and construction, and asphalt factories will suffer, whose production costs will rise, and this will lead later to reduce production and lay off workers in asphalt and cement factories in At a time when unemployment rates are rising and prices are rising to unprecedented levels.”
Haitham Al-Jubouri Assumes His Duties As The Financial And Economic Advisor To The Prime Minister
Sunday, 10 April 2022 6:00 PM National News Center / Follow up An informed source revealed that the former head of the Finance Committee, Haitham Al-Jubouri, will assume the position of financial and economic advisor to the Prime Minister.
The source said in a statement to the "National News Center" that Al-Jubouri officially began his work duties, after the issuance of the Diwani order for his appointment.
It is noteworthy that Haitham al-Jubouri served as a member of the House of Representatives for three consecutive sessions and was Chairman of the Parliamentary Finance Committee.
https://nnciraq.com/120747/
Sumo Clarifies About The Mechanism Of Selling Black Oil
Energy Economy News – Baghdad Today, Saturday, the Oil Marketing Company (SOMO) issued a clarification regarding the mechanism for selling the black oil product.
The company stated, "The decision of the Supreme Anti-Corruption Council taken in the middle of 2019 limited the process of selling the black oil product to the Oil Marketing Company, and since 12/1/2019 the Oil Marketing Company has taken over the tasks of exporting oil products that are surplus to local needs (including the black oil product), as
The product is sold on the basis of the subtraction of the Al-Khattaf area in the Iraqi territorial waters and based on the activity authorized by the company by the Ministry of Oil to sell the product based on the price index of the product subtracted from the Arabian Gulf published in the HSFO FOB ARAB GULF Bulletin, in addition to a price premium that reflects the value of the product in the market Global".
He explained, "The premium is determined based on the competitive offers submitted by companies to obtain shipments of the product, and the price premium is 27,5 dollars / ton."
He added, "This sales mechanism, which has been approved since 1/12/2019, has achieved many advantages for the benefit of the country, including:
1- Discharge of the entire available quantities of the product for the purpose of export, which ranged the average of the quantities exported during the years 2020-2021 to 7 million tons annually.
2- Achieving the best financial returns through the competition of major international and Iraqi companies to purchase the product (for example, but not limited to, according to preliminary data, the revenues from selling the fuel oil product for the year 2021 amounted to 3 billion dollars).
3- Provisions of product transfers by land and sea, which contributes to reducing cases of fraud and smuggling, and through it, many cases of fraud and smuggling were revealed, which were referred to the higher security authorities as they affect the security and economy of the country.
4- This mechanism led to the realization of the operation of the country’s institutions in the field of land and maritime transport, as well as the private sector, which achieved great profits that contributed to supporting the budgets of these institutions and reducing their dependence on the country’s budget, and the Oil Marketing Company under the Law of Organization of the Ministry of Oil No. 101 of 1976 and the system
The company’s internal operations are responsible for marketing and exporting petroleum products that are surplus to the country’s domestic needs, according to transparent mechanisms to achieve the best financial return in support of the country’s general budget.
The company, through its official website, periodically publishes details of the quantities exported, the type of oil products, and the revenues generated, and for those wishing to obtain more information Go to the official website of the Oil Marketing Company.
He continued, "To ensure the export of the largest quantity available for export, the Ministry of Oil authorized the Oil Marketing Company to manage the land and sea transport activity through contracting with Iraqi tanker companies (public and private sectors) and according to transparent tenders governed by instructions for implementing government contracts."
According to the statement, the Oil Marketing Company appealed to the media and those interested to "be careful in publishing and circulating information related to the oil issue," welcoming all opinions and observations that are issued and published with prior knowledge, knowledge and understanding of the oil issue and not otherwise, because it will contribute to distorting facts and misleading opinion. general".
It affirmed, "it reserves its legal right against all parties that engage in cases of extortion and misrepresentation of the company's work and tasks."
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