Iraqi News Thursday AM 12-3-20
Iraqi News Thursday AM 12-3-20
TLM724 Administrator BondLady’s Corner
Representative Integrity: The Bank’s Governor Proved His Failure, And Al-Kazemi Broke The Law By Appointing Him
Pratha News Agency165 2020-12-02 On Wednesday, the Parliamentary Integrity Committee accused Al-Kazemi of violating the law by appointing the governor of the Central Bank, indicating that the governor of the bank proved his failure to manage the country's financial policy.
A member of the Integrity Committee, Khaled Al-Jushami, said that "the governor of the Central Bank appointed him without referring to the House of Representatives, while the law provides for the nomination to be raised to the Council and the latter vote on him."
He added that "Article 13 of the Central Bank Law stipulates that the governor of the bank is chosen as a person with financial, banking and economic experience," noting that "the bank governor lacks the three experiences and has nothing to do with it." He explained that "the governor of the bank has proven his failure in running the central bank, and the matter is borne by the prime minister by choosing such a person who runs the central bank." http://burathanews.com/arabic/news/381684
Economists: Did The "White Paper" Ignore The Productive Sectors?
Thursday 03 December 2020 38 Baghdad / Haider Al-Rubaie Some economic circles have called for the necessity of making new amendments to the paragraphs of the white reform paper, ensuring the revitalization of the productive sector and enabling it to contribute to enhancing the country's financial revenues and meeting the needs of the local market. The expert in industrial development and investment, Amer Issa Al-Jawahry, told Al-Sabah that "the government provides the highest levels of interest to the industrial sector in the white paper, which must be in harmony with the 2030 industrial strategy and the national development plan,"
noting that "the white paper focused on The sectors driving the economy focused on activating and developing the sectors of "agriculture, oil and gas," but it overlooked other very important sectors, including industry, as there was a shy reference to "resolving the Al-Nebras Petrochemical Project," indicating a lack of interest in this sector.
Al-Jawahiri recommended that "the White Paper adopts a comprehensive methodology in the methods of managing state-owned enterprises to turn into profitable ones, including providing the best services and the participation of representatives of private sector institutions and civil society in their boards of directors and selecting a number of factories to convert them into profitable joint-stock companies." The industrial private sector, facilitating all its needs, protecting its products, and seeking to achieve a continuous mechanism for dialogue between the public and private sectors.
Al-Jawahiri expressed his surprise at the White Paper’s orientation towards working on restructuring public companies from the start, describing it as a "waste of time and effort," urging the importance of returning to the recommendations made in the years 2011 and 2012, including the restructuring and activation of the Supreme Committee for Restructuring and the formation of Specialized units in each ministry and the adoption of transparency and disclosure.
In turn, the researcher in economic affairs, Ali Karim Daheeb, called for providing all the requirements for the advancement of the industrial sector, especially "financial loans, the sustainability of energy provision, and the issuance of legislation that guarantees moving the wheel of industry."
In a statement to Al-Sabah, Karim said, "The government is now obligated to provide a database of locally produced materials, to prevent them from being imported completely, pointing out that imposing taxes on imported goods is a factor that could develop the capabilities of the Iraqi industry." LINK
Stage From A Political Economy Perspective
Thursday 03 December 2020 28 Dr.. Basem Brahimi
Here we are approaching the end of the year 2020, which witnessed an almost most dangerous crisis since the Great Depression in the 1930s, although the aforementioned recession resulted in the deaths of nearly seven million people (among civilians), while the deaths of the current crisis are still due to health and economic reasons.
Less than them, but the decrease in the number is due to institutional containment and international cooperation and the ability to deliver aid, and therefore the economic results may be more profound than what happened despite all the stimulus measures that countries adopted to confront the crisis. European countries have high budget deficit figures accompanied by a decrease in the growth rate close to the two decimal places, especially in the economies The weakest.
Anticipation is still the master of the situation, waiting for the pollen "smoke" to rise, marking the beginning of the end of the health crisis, which is closely linked to the currently frozen economic outlook, as a result of the winter cold coinciding with the second closure in many countries, and in consequence the oil-producing countries await the scene very cautiously, postponing their meeting, which It was hoped that it would take place on the first of this December, and this matter would make the international oil scene more ambiguous, and the question is what after the price of a barrel of oil faltered around the end of the forties?
And what will the oil-rent states, including Iraq, do if the signs of economic relief are delayed and the price of oil retreates from what it is? right Now?
The answer is simply more (financial-political) complexity, for two reasons: the budget for the next year mixed with electoral competition, which will be either an opportunity for agreement and survival (rational expectation) or an outlet for conflict and collapse (expectation based on past data).
These indicators that we cite here emphasize the danger of the stage and the need to rely on economic rationality, away from the deep political entanglements of the crisis, and therefore the historical responsibility requires supremacy over the narrow interests in front of the supreme goal of overcoming the economic crisis and crossing the country to safety, and here requires agreement on Balancing a crisis capable of repairing the damaged economy as a result of the current crisis and past policies, and of course we have to be optimistic, but at the same time we have to remind those in charge of the political administration that everyone is in an economic ship one. LINK
The Agenda Of The Parliament Session For Next Saturday
Pratha News Agency32 2020-12-03 The Media Department of the House of Representatives published, on Thursday, the agenda for the 24th regular session, to be held next Saturday.
The session’s agenda included a set of points, among them the first reading of the draft bill to finance the election expenses of the House of Representatives. http://burathanews.com/arabic/news/381728
Parliamentary Support For The Central Bank's Lending Initiative
Thursday 03 December 2020 36 Baghdad: Morning The head of the Parliamentary Economic and Investment Committee, Ahmed Salim Al-Kinani, said that the Iraqi Central Bank’s initiative to lend housing, service, industrial and agricultural projects will contribute to moving the Iraqi market and directing it in a way that contributes to increasing local investments.
Al-Kinani said in a press statement to the Media Department in the House of Representatives, that "the initiative is guaranteed to create new job opportunities in the private sector, which is suffering from a major recession due to the Corona pandemic and the economic repercussions that came with it at the local and international levels."
Al-Kinani said: The Central Bank launched its initiative in exceptional and complex economic conditions, as well as identified banks and exchange mechanisms, through which these loans are granted to the groups covered, indicating that “the loan-granting mechanisms must be accompanied by an effective and clear monitoring mechanism that does not accept confusion and interpretation in that circumstance. Funds by borrowers, for projects that can benefit the national economy and the citizen on an end whether". LINK
Issue (4606) Of The Iraqi Newspaper Al-Waqi’a Issued On 30/11/2020
2020-12-03 01:17:00 1- The internal regulations of the High Commission for Human Rights No. (1) of 2020.
2- Instructions No. (1) of 2020 issued by the Ministry of Culture, Tourism and Antiquities "Facilitating the implementation of the provisions of the Document Preservation Law."
3- Statement No. (77) for the year 2020 issued by the Supreme Judicial Council "Establishing a court specialized in examining sports disputes."
4- Correction statement issued by the Presidency of the Presidency of the Republic regarding instructions for specifications and measurements of medals and decorations No. (1) for the year 2014.
5- A correction statement issued by the Presidency of the Office of the Republic regarding the electoral district tables for the governorates (Baghdad, Kirkuk, Nineveh, Dhi Qar).
6- Announcements for establishing cooperative societies.
Those wishing to acquire the Iraqi factsheet can refer to the Iraqi investigation department located in Salhiya / Haifa Street (Ministry of Justice building), and obtain the required number. https://www.moj.gov.iq/view.5228/
Small Business Loans Launched
Thursday 03 December 2020 96 Baghdad: Morning The Ministry of Labor and Social Affairs launched the batch of 29 loans to support small enterprises in Baghdad and the provinces.
Minister Adel Al-Rikabi said, in a statement: "The number of those covered reached (5250) borrowers distributed according to the share of each governorate from the refunds specified by the Small Projects Support Section, after conducting the electronic screening process."
He added that "the electronic algorithm was adopted in calculating the points decided by the board of directors of the fund, according to the specialty, the date of registration as unemployed, and the courses that were subscribed," noting that "the total number of applicants for small projects loans reached (224648) applicants."
The Minister of Labor called on "the applicants whose names appeared on the website to review the Department of Labor and Vocational Training and its divisions throughout all governorates to complete the procedures for receiving loans." LINK
Iraq Signs Seven Memoranda Of Understanding With Egypt
Time: 12/03/2020 18:00:13 Read: 416 times {Al Furat News: Baghdad} The head of the Iraqi Coordination Council, Minister of Planning Khaled Najm Al-Battal, said today, Thursday, that the Iraqi delegation will sign seven memoranda of understanding with the Egyptian side during its visit to Cairo.
A statement issued by the General Secretariat of the Council of Ministers, a copy of which was received by the Al Furat News Agency, stated that, "The Iraqi-Jordanian-Egyptian Coordinating Council discussed today, Thursday, the agenda of the visit that the Iraqi delegation will make to Cairo next week and the memoranda of understanding that will be signed with the Egyptian side." .
The statement indicated that the Chairman of the Council and Minister of Planning Dr. Khaled Najm Al-Battal, said during the council session held today at the headquarters of the General Secretariat of the Council of Ministers, that the Iraqi delegation will sign during the visit seven memoranda of understanding with the Egyptian side, indicating that the notes will include enabling the stalled projects in Iraq, and cultural, scientific, development and agricultural protocol projects, in addition to Activating the memoranda of understanding signed during the recent visit of the Egyptian Prime Minister and his accompanying delegation to Baghdad.
The statement noted that during the visit, the delegation will hold bilateral meetings between ministers of the Iraqi side with their counterparts, as well as conducting a number of field visits to a number of important projects in Cairo, and a tripartite meeting will be held between the members of the Iraqi-Jordanian-Egyptian Coordination Council, on the sidelines of the visit. LINK
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