Iraqi News Sunday PM 6-26-22

Iraqi News Sunday PM 6-26-22

TLM724 Administrator BondLady’s Corner

Sistani's office announces the date of the first day of Eid al-Adha

Local | 03:22 - 06/26/2022   Najaf - Mawazine News   The office of the Supreme Religious Reference, Sayyid al-Sistani, announced on Sunday the date of the first day of Eid al-Adha.

The office said in a brief statement that Mawazine News received a copy of it, that it is expected that Sunday, July 10, will be the first day of the blessed Eid al-Adha.    https://www.mawazin.net/Details.aspx?jimare=197681

The Dollar Is Slightly Depreciating Against The Dinar

Economie| 10:32 - 06/26/2022  Baghdad - Mawazine News The dollar exchange rates witnessed, today, Sunday, a slight decrease in the Iraqi Stock Exchange.  Selling price: 148,300 dinars per 100 dollars,  purchase price: 148,200 dinars per 100 dollars   https://www.mawazin.net/Details.aspx?jimare=197653

The Results Of The Foreign Currency Sale Window Monday 27/6/2022

Advertisement No. (4674)  Sale date - Monday 06/27/2022   the details   the amount  Total sale for the purposes of strengthening balances abroad (remittances, credits)  216,138,445  Total cash sale  38,200,000   total total sales  254,338,445

Note that:  The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar.

The cash sale price is ( 1460 ) dinars per dollar.  » The Central Bank of Iraq’s foreign currency sales schedule, Monday 27/6/2022   https://cbi.iq/currency_auction

In Front Of Turkey.. Iraq Reviews Its Oil Export Capabilities And The Future Of Energy In The World

Economie| 03:29 - 06/26/2022   Baghdad - Mawazine News   On Sunday, Oil Minister Ihsan Abdul-Jabbar Ismail received the Turkish ambassador to Baghdad, Ali Reza Konay.

A statement by the Ministry, a copy of which was received by Mawazine News, stated that during the meeting, they discussed ways to enhance bilateral relations in a way that serves common interests, especially enhancing opportunities for cooperation in the investment sector in the fields of refineries and renewable energy.

He added, "In this meeting, Iraq's export capabilities, oil market developments, and the future of energy in the world were reviewed."    https://www.mawazin.net/Details.aspx?jimare=197683

In Details.. Iraq Begins Producing Electricity From Solar Energy

Economie| 12:27 - 06/26/2022   Baghdad - Mawazine News   The Ministry of Electricity announced, on Sunday, the start of work to produce electricity from solar energy at a rate of 1,000 megawatts, indicating that the project will be in four provinces.

A spokesman for the Ministry of Electricity, Ahmed Moussa, told the official news agency, "The volume of production in the contract signed with the Emirati Masdar Company to produce electricity through solar energy is (1,000 megawatts)."

He added, "The ministry signed with the company previously, and two days ago we signed the legal advisory contract, which represents a starting point for actually starting work," noting that "the stations will have a capacity of (1,000 megawatts) as a first stage."

He pointed out that "the ministry discussed with the company the technical specifications that will be adopted, achieving economic feasibility, and the ceiling of work completion, which will be within the ministry's medium-term plan, which is from two to three years."

And Moussa indicated, "The ministry was also keen to diversify production for several governorates, including (Nineveh, Anbar, Dhi Qar, and Maysan)," noting that "after negotiations, the ministry was able to reduce the price of the tariff, and plots of land were allocated in coordination with the local governments in the governorates. Actually, we have to start working with this company to build the stations.”

He pointed out, "The ministry signed earlier the first licensing round of (7,500 megawatts) with the French Total and the Chinese Power Time, and we also signed with the Norwegian Scatec Alliance." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=197664

Integrity: Returning 14 Billion Dinars To The State Treasury

Economie| 09:55 - 06/26/2022   Baghdad - Mawazine News    The Federal Integrity Commission announced today, Sunday, its investigation and audit procedures taken in the case of the former authorized director of the International Smart Card Company.

A statement by the authority, which Mawazine News received a copy of, stated, "The investigative and auditing measures taken in the criminal case of the accused whose fate has been postponed (the authorized director of the company) in the case of acquiring the profits of Al-Rasheed Bank arising from the bank's contribution to the capital of the global company, led to the smart card. Pay the bank's profits.

e added that "a sum of (13,629,416,118) dinars was transferred to the account of Al-Rasheed Bank," noting that "this amount represents the bank's contribution to the company."

And he continued, "The statements of the legal representative of Al-Rasheed Bank, who requested the complaint against the company's officials and the statements of the defendants, were recorded, in addition to linking the minutes of the Integrity Commission's investigation and the external audit report in it, and the agreement concluded between the bank and the company," noting that "Al-Rasheed Bank informed the authority to pay the amount of damage to the His account is by the International Smart Card Company. https://www.mawazin.net/Details.aspx?jimare=197650

Experience Of Tamkeen Fund In Community Service

Articles  Samir Al-Nusairi  The Community Initiatives Fund “Tamkeen” was established to achieve the economic and societal goals of the Central Bank of Iraq contained in Law 56 of 2004, which include achieving economic stability and promoting sustainable development and community service.

This is achieved with the economic, humanitarian and cultural support of the community, through the initiatives provided by the Central Bank, banks and supporting authorities to achieve the economic and societal goal at the same time and support the humanitarian cases of citizens, in light of the complex and accumulated critical economic conditions that the country has witnessed.

Due to the decline in public services provided, the economic recession and the spread of the Corona pandemic.

The Community Initiatives Fund "Tamkeen" is financed through monthly subscriptions from Iraqi private banks, exchange companies, and electronic payment companies, and these funds are deposited in a separate account within the Central Bank of Iraq, and they are spent through a specialized committee whose membership includes the Central Bank, banks and the Department of Organizations in the General Secretariat of the Council of Ministers .

The importance of the Tamkeen Initiatives Fund stems from its endeavor to support the community through: Reviving the social and economic situation.

Employing manpower and empowering youth

Supporting humanitarian, cultural, societal, artistic and environmental cases

The total number of initiatives supported by the "Tamkeen" Fund since its inception until now has reached hundreds of economic, humanitarian, cultural and societal initiatives. The initiatives depended on supporting and developing Iraqi youth in various educational, service, health and other sectors. and highlight

The areas in which the Tamkeen Fund contributed are:

1- Human and social situations.

Which has increased in the past years as a result of economic and social conditions.

2‐ Social Domains

Supporting the education sector.

3- Environmental protection

Combating desertification in cooperation with the Ministry of Agriculture.

Launching the “Initiative to Combat Desertification”. It is an initiative that includes planting two million seedlings in all governorates of the country that suffer from this problem, while equipping the cultivated areas with drip irrigation systems.

4‐ The support provided to culture, media, and the arts. The most prominent cultural project is the completion of the rehabilitation and development of Al-Mutanabi Street (the heart of Iraqi culture).

5- Financing economic, development and reconstruction projects.

136 . views   Added 06/26/2022 - 11:34 AM  Update 06/26/2022 - 4:37 PM

https://economy-news.net/content.php?id=28644

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