Iraqi News Thursday AM 10-14-21
Iraqi News Thursday AM 10-14-21
TLM724 Administrator BondLady’s Corner
Finance Decides To Restructure Rafidain Bank
Banks Economy News – Baghdad An official source in the Ministry of Finance revealed that the ministry has restructured Al-Rafidain Bank as part of the reforms it is undertaking in the white paper.
The source, who preferred not to be named, told "Economy News", "The Ministry of Finance is currently working on restructuring the Rafidain Bank, which is represented by several measures, including the separation of the bank's board of directors from the Ministry of Finance and the introduction of a technical system instead of the current system used."
He added that the reforms also include the selection of a new manager for the Rafidain Bank, noting that the next phase, which will start after two years, may be a merger of the bank's branches.
Views 528 Date Added 10/13/2021 https://economy-news.net/content.php?id=26579
Dollar Prices Against The Dinar In The Local Market Today
Economie| 01:32 - 10/13/2021 Baghdad - Mawazine News publishes / Mawazine News /, the dollar exchange rates on the local stock exchange on Wednesday (October 13, 2021).
Baghdad - Al-Kifah Stock Exchange 148,000
.... The price in most of the exchanges of Baghdad Buy 147,500 Sell 148,500
Basra - Stock exchange 148,000 Erbil - Stock exchange 148,150
https://www.mawazin.net/Details.aspx?jimare=170970
Agriculture Prepares A Plan To Rehabilitate The Livestock Sector
Money and business Economy News _ Baghdad On Wednesday, the Ministry of Agriculture identified the reasons for stopping the cow stations, while preparing a plan to rehabilitate the livestock sector.
The spokesman for the ministry, Hamid Al-Nayef, said in an interview with the Iraqi News Agency (INA) and followed by "Al-Iqtisad News", that "there is a program from the ministry to rehabilitate the livestock sector, including what will generate large quantities of milk for the dairy industry," noting that "supporting the wealth sector The animal is still weak."
He added that "the ministry will work to rehabilitate the livestock sector in the coming period, and will seek to contact the responsible authorities in order to return these stations to their normal state, after removing the abuses from some of these stations, and rehabilitating the others."
"Therefore, it has become a duty to support cattle stations and livestock in general, which needs funds that we hope to obtain in the coming months," he added.
He pointed out that "most of the cow stations were sold to the private sector before 2003 and therefore were not affiliated with the ministry, in addition to the fact that after 2003 these stations stopped due to the lack of feed and the surrounding conditions, as well as the overrun of those stations that negatively affected many of these stations. Including the Ishaqi station, which is now still rubble.
Views 141 Date Added 10/13/2021 https://economy-news.net/content.php?id=26584
Mr. Al-Sadr: We Will Not Reach Out To Any Iraqi No Matter What
Political Yesterday, 23:02 Baghdad – Conscious The leader of the Sadrist movement, Muqtada al-Sadr, affirmed his determination to fight corruption under the law..
Al-Sadr said in a tweet to him on the "Twitter" platform, which was followed by the Iraqi News Agency (conscious), today, Wednesday: "Civil peace will not be shaken in my country, so no I care only about the safety of the people, the safety of Iraq, and the love of the homeland from faith.”
He called for self-restraint and prioritizing public interests over private ones.
He continued: “We are the resistance to occupation, terrorism and normalization, and we will not extend our hands to any Iraqi whatever.”{{1 }}
He added: “We will fight corruption under the penalty of law, and a prime ministership, neither eastern nor western, to restore Iraq’s prestige and strength.”
Below is the text of the tweet: https://www.ina.iq/uploads/posts/2021-10/upload_1634155406_1409040378.jpg https://www.ina.iq/138557--.html
Iraqi Money Recovery
articles Yesterday, 08:48 Bashir Khazal
Exact numbers cannot be given about the amount of money smuggled in the former regime or the current time, but the semi-official estimates showed that the total funds of expatriate Iraqis refer to about $150 billion in diversified financial portfolio among foreign investors,
despite timid attempts that called for the prosecution of thieves money the public who fled a lot of money to Outside the country through their exploitation of various job positions in government institutions after 2003, none of those attempts that remained within the limits of media circulation succeeded.
The problem is not easy in some of its technical and legal aspects and requires high-level coordination between the Iraqi government and the rest of the countries that In which these funds are stored,
in the year 2020, the Council of Arab Ministers issued a study on how to recover the looted Iraqi funds through the available procedures and means.
Sell to the League of Arab States, and it is no secret that everyone has a desire to translate this study into real work that simulates Arab and international experiences in combating corruption and recovering looted funds and benefiting from them in the reconstruction of Iraq.
Arab Justice, which seeks to achieve the sub-goals by presenting scientific papers on the experiences and practices of countries in recovering expatriate and looted funds through corruption, by coming up with recommendations aimed at activating Arab cooperation protocols to recover those funds.
Cases in Iraqi courts and their transfer to foreign courts in accordance with international law, and in order to close those ruinous doors to the national economy, and despite their high financial cost, it is necessary to continue the path by filing lawsuits in order to cut off the perpetrators of crime and smuggling operations to Iraq in a manner Law j.
As for the talk about returning expatriate funds as deposits and savings in the markets of different countries, they need strong legislation targeting the expatriate capital segment and enjoy special care from the Iraqi government, and without any restrictions imposed by the state, by opening deposit and saving windows, especially since the number of expatriates is one of the assets Iraqis abroad are estimated at about 10 million people. https://www.ina.iq/138484--.html
A Statement From Al-Kazemi's Advisor Regarding The Recovery Of The Iraqi Economy
Economy 10-12-2021, 14:35 Baghdad - conscious - Nassar al-Hajj The financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected today, Tuesday, the recovery of the Iraqi economy during the next five years, and the production of crude oil exceeding 6 million barrels, while stressing the need to legislate the partnership law between the state and the private sector.
Iraqi News (INA): "The Iraqi economy will coexist strongly with the cycle of oil assets, as the global demand for hydrocarbons will increase with the high growth rates in the global economy, and the epidemic represented by the Corona pandemic will enter the cycle of inactivity and inversely with the growth of energy markets."
He added. "Based on the foregoing, Iraq will produce more than 6 million barrels of crude oil, boosted by undoubtedly high returns," explaining that "such a major change in Iraq's financial flows undoubtedly requires a broad and effective development programme."
That "this development program is implemented in two tracks: the first is to reshape Iraq's infrastructure in its strategic cross-provincial forms, especially ports and regional networks. Railways, land transport and the digital economy, and the other is summarized in the priority of developing service infrastructure for regions, cities and towns through the availability of government investment in the basic service quadrant represented by drinking water, sewage, electricity and paving roads.”
Monitor the appropriate allocations in the investment budget, which should be described in detail in a solid five-year plan for the reconstruction of the physical infrastructure.
He continued: "As for the second development path, it turns to the role of the state in developing market institutions, both production and service, which requires the development of the legal and regulatory infrastructure that promotes market institutions by spreading partnership between the state and the private sector and entering into the social market system,
which requires spreading a system Facilitating the registration of companies, and this topic is linked to two motivating things, the first is the provision of soft development financing through a government or government-supported national development fund.
Loans are granted to emerging and successful companies, even if they are small, provided that successful companies obtain tax exemptions whenever the added value of the activity increases and the operating rates increase.
He pointed out that "the second matter is the reorganization of the labor market towards limiting the labor force, describing its skills and the geography of its work, by creating a national number and an advanced digital system to identify workers in the private sector, provided that it is prepared in cooperation between the Ministries of Planning, Labor and Social Affairs.
To draw a map of the Iraqi labor market and to know the functions of supply and demand and the stability of the labor market by identifying employment levels and actual unemployment rates.”
It also requires generating an atmosphere of homogeneity in the labor market itself between workers in the private sector and workers in the state, which requires the availability of high flexibility in the transition between jobs between the two sectors and according to need, provided that there is a joint and unified national pension fund for workers in the state and the private sector alike without discrimination
As well as providing acceptable limits for the homogeneity of wages and salaries according to the skills of workers in the state and the market.
He stressed that "it has become appropriate to legislate the law on partnership between the state and the private sector that has been submitted to the House of Representatives for years to speed up its legislation, provided that it provides a balance in rights and duties between the participating parties in full swing and enhances governance, productive efficiency and operating the economy with a strong push that you will inevitably need." Really the next five great years of development for Iraq."
https://www.ina.iq/138434--.html
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