Iraqi News Thursday PM 9-30-21
Iraqi News Thursday PM 9-30-21
TLM724 Administrator BondLady’s Corner
An International Agency Makes Four Recommendations To Maintain The Credit Rating Of The Iraqi Economy
Economie| 02:29 - 30/09/2021 Baghdad - Mawazine News , Thursday, Standard & Poor's credit rating agency presented four recommendations to maintain the credit rating of the Iraqi economy.
And the Ministry of Finance stated in a statement received by / Mawazine News / a copy of it, that "the report submitted by the Agency (Standard & Poor's) on the credit rating praised the continuation of the Iraqi economy to maintain its credit rating as a result of the ongoing economic reforms of the financial policy in Iraq."
And she added, "The new classification comes to reflect the continued maintenance of the level of foreign currency reserves that exceeds the service of the external public debt and the fulfillment of other external financial obligations as a result of the rise in crude oil prices and their recovery in the third and fourth quarters of this year."
And the ministry added, "The agency confirmed the possibility of improving Iraq's credit rating in the event of a high rate of economic growth in Iraq, diversification of the state's oil and non-oil public financial revenues, an increase in the per capita income share of national income, and the continuation of financial and economic policy reform measures as mentioned in the economic reform paper (white paper). ), which will strengthen the financial and economic policy of the Iraqi government.” Ended 29 / A 43 https://www.mawazin.net/Details.aspx?jimare=169330
Integrity Determines The Amount Of Seized Funds And Court Rulings
Political | 09:49 - 30/09/2021 Baghdad - Mawazine News Today, Thursday, the Integrity Commission identified a mechanism for recovering the stolen funds, while revealing the size of the seized funds.
The Director General of the Recovery Department, Deputy Head of the Iraq Funds Recovery Fund in the Integrity Commission, Moataz Faisal Al-Abbasi, said, "There are many countries cooperating with Iraq on the issue of recovering looted funds," noting that "there are many files in other countries and contain fewer files, and we We continue to follow up on the files and demand them, each according to the country in which he is located."
He added that "the issue of recovery is not related to countries, but rather to individuals who acquire Iraqi funds, and what is required of the countries in which they are to cooperate."
Al-Abbasi added that "the money related to corruption is related to court rulings, where some of them have been recovered and others are in the process of being recovered," noting that "what was recovered amounted to more than 17 million dollars."
He stressed that "there are funds seized in those countries awaiting recovery, amounting to more than four million and 250 thousand dollars, in addition to the issuance of Iraqi judicial rulings against people in amounts of more than two billion and 200 million dollars."
Earlier, the Ministry of Justice announced the imminent return of the looted funds from several countries, while revealing the formation of a common front with several countries that looted their money, to recover them from the countries that obstruct this file.
The Director General of the Legal Department of the Ministry of Justice, Hanan Munther, said in a statement to the Iraqi News Agency (INA), that "the conference to return the money that was held in Baghdad came out with important results and the development of mechanisms for cooperation and coordination between countries, as well as the formation of a front of countries that plundered their money in order to recover it from Countries that put obstacles and complex legal procedures to prevent their return," noting that "this front will put great pressure on those countries to recover the money."
She added, "There are Arab countries cooperating with Iraq in this file, including Jordan and Lebanon, and the coming days will witness the return of funds for the benefit of Iraq."
On the fifteenth of September, Baghdad witnessed the establishment of an international conference to recover Iraq's looted funds.
In his speech during the conference, Minister of Justice Salar Abdul Muhammad stressed that it "aims to recover the looted funds in cooperation with countries and to confront the theft of public money," noting that "despite Iraq's accession to the agreement to recover looted funds, there is a weakness in international efforts and the failure to take adequate measures." .
He added: "There are difficulties that prevent the application of money recovery," stressing: "Just as we succeeded in eliminating terrorism, we must confront corruption, and the looted funds must be recovered through bilateral and international agreements."
He continued, "Iraq does not know most of the money looted prior to 2003," noting that "the role of the Ministry of Justice is to represent Iraq in international conferences and to file lawsuits and recover them to the state treasury."
And he stated, "The conference is an important message that recovering the looted funds is of interest to the state, and we refused not to be recovered by states and to seize them," stressing that "Iraq is a country with a civilization that stretches back 7,000 years and is able to recover its money and restore things to their rightful place, and the government is determined to Recover all his money from abroad.” Ended 29/A87 https://www.mawazin.net/Details.aspx?jimare=169383
Dollar Exchange Rates In Local Markets Today
Market Economy News _ Baghdad The exchange rates of the US dollar fell against the Iraqi dinar, today, Thursday, in the local markets.
Al-Kifah and Al-Harithiya Central Stock Exchanges in Baghdad recorded this morning 147,100 Iraqi dinars for 100 US dollars.
On Wednesday morning, prices were recorded at 147,200 dinars, compared to 100 US dollars.
The buying and selling prices witnessed a decrease in the banking shops in the local markets in Baghdad, where the selling price amounted to 147,500 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 146,500 dinars per 100 US dollars.
Views 97 Date Added 09/30/2021 https://economy-news.net/content.php?id=26467
Oil Prices Fall As US Inventories Rise
Economy Thursday 30 September 2021 | 09:30 AM| Number of readings: 93
Oil prices fell, on Thursday, to extend their losses, after official figures showed an unexpected increase in inventories in the United States, despite the stability of prices .
Brent crude was down 28 cents at $78.36 a barrel by 05:37 GMT, after falling 0.6 percent on Wednesday. US oil fell 13 cents to $74.70 a barrel, having also fallen 0.6% in the previous session .
The Energy Information Administration of the US Department of Energy said on Wednesday that US oil and fuel stocks increased last week .
Data from the Energy Information Administration showed that crude stocks rose 4.6 million barrels in the week ending September 24 to 418.5 million .
The rise in stocks came as production in the United States returned to nearly the levels it was before Hurricane Ida struck about a month ago, and production increased to 11.1 million barrels per day last week .
On the production front, the Organization of the Petroleum Exporting Countries and its allies, including Russia, a group known as OPEC+, are likely to maintain an agreement next week to add 400,000 barrels per day to their November production. https://aynaliraqnews.com/index.php?aa=news&id22=152316
Economic Policies
Abdul-Zahra Muhammad Al-Hindawi139 2021-09-30 Abdul-Zahra Muhammad Al-Hindawi || 18 years have passed since the comprehensive transformation that Iraq witnessed, a change that included all aspects of life, including the economic aspect.
Our economy was supposed to transform from a totalitarian, monolithic, rentier socialist, to a free, diversified, competitive and sustainable economy, in which the private sector has a leadership and leadership role for the wheel.
Development, while reducing dependence on oil to its lowest levels, and achieving diversification of the sources of GDP formation, by achieving the required balance between the productive sectors. Subscribe to Buratha News Agency channel on telegram http://burathanews.com/arabic/economic/400523
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