Iraqi News Tuesday Afternoon 4-26-22
Iraqi News Tuesday Afternoon 4-26-22
TLM724 Administrator BondLady’s Corner
Technical Adviser To The Prime Minister: The Positive Effects Of Changing The Exchange Rate Will Be Felt More After 3 Years
Monday 25 April 2022 20:39 | economicNumber of readings: 750 Baghdad / NINA / - The technical advisor to the Prime Minister, Haitham Al-Jubouri, announced that the positive effects of changing the exchange rate will be felt more after 3 years.
” Al-Jubouri said in a televised statement: “The growth achieved in Iraq’s economy is the result of the white paper presented by the government, adding that the inflation rate is now In Iraq, it amounts to 7.9 percent.”
He continued: "It is possible to benefit from World Bank loans to complete major investment projects, adding that dialogues with the International Monetary Fund and the World Bank are very important for Iraq's economy."/ End 2 https://ninanews.com/Website/News/Details?key=972329
Hakem Al-Zamili to / NINA /: The Current Session Of Parliament Will Witness The Adoption Of Suspended Laws .. And Political Differences Affected The Formation Of Parliamentary Committees
Tuesday 26 April 2022 15:53| political Number of readings: 207 Baghdad / NINA / - The House of Representatives confirmed that its current legislative session will witness the approval of most of the important suspended legislation.
The First Deputy Speaker of the House of Representatives Hakim al-Zamili said, in a statement to the National Iraqi News Agency / NINA /, "We have important legislation that is still suspended, for many years it has not been enacted yet," except that "the new parliamentary session is a promising one in which most laws will be legislated. disrupted, as well as the effective oversight role of the House of Representatives.”
On the issue of distributing the membership of the permanent parliamentary committees, Al-Zamili stressed, "The conflicts and disagreements between political parties and blocs have greatly affected the disavowal of some by not submitting the names of MPs within the membership of the parliamentary committees to the Presidency."
He added, "There are serious and real efforts to complete the membership of all parliamentary committees, but conflicts and disagreements hinder the formation of these committees," noting that "most of the permanent parliamentary committees will complete their membership in the coming days, in addition to the three committees whose membership we recently completed, which are financial, legal and foreign relations. ./End 5 https://ninanews.com/Website/News/Details?Key=972491
The Exchange Rate Of The Dollar Is Stable In The Local Markets
Economie| 10:10 - 04/26/2022 Baghdad - Mawazine News, the exchange rates of the dollar stabilized, today, Tuesday, in the local markets.
And the selling prices of the dollar were recorded at 147,500 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147,250 dinars per 100 dollars. Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=191273
Cash Sales Of The Dollar Rise In The Iraqi Central Auction
Posted On2022-04-26 By Sotaliraq Cash sales of the US dollar rose in the sales of the Central Bank of Iraq in the currency auction today, Tuesday, during the current week.
Shafak Agency correspondent stated that, during its auction, today, the Central Bank sold 194 million and 95 thousand and 600 US dollars, which were covered by the bank at a base exchange rate of 1460 dinars per dollar.
Our correspondent added that cash sales rose in today's auction to reach 49 million and 850 thousand dollars, compared to 31 million dollars on Monday, while the rest of 144 million and 245 thousand and 600 dollars went in the form of remittances and credits to enhance balances abroad.
Our correspondent indicated that 30 banks have fulfilled requests to enhance balances abroad, and 19 banks have responded to cash requests, in addition to 203 mediation companies. LINK
Al-Halbousi And Al-Khanjar Meet With Barzani In Erbil
political| 02:41 - 04/26/2022 Baghdad - Mawazine News A high-ranking delegation from the Sovereignty Alliance, including the President of the Alliance, Khamis al-Khanjar, Parliament Speaker Muhammad al-Halbousi and Representative Ahmed al-Jubouri, arrived on Tuesday in Erbil Governorate, and they met with the President of the Kurdistan Democratic Party, Massoud Barzani. https://www.mawazin.net/Details.aspx?jimare=191322
Iraq Earns 10 Billion Dollars From Selling Oil In One Month
Economie| 12:26 - 04/26/2022 Baghdad - Mawazine News The Ministry of Oil announced, on Tuesday, the total oil exports and revenues generated for the month of last March, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO).
The ministry's media office said in a statement received by Mawazine News that "the quantity of crude oil exports amounted to 100 million and 579 thousand and 612 barrels, with revenues of 10 billion and 913 million and 197 thousand dollars," noting that "the average price per barrel amounted to (108,503) dollars.
He added, "The total quantities of crude oil exported for the month of March from oil fields in central and southern Iraq amounted to 99,130,677 barrels, while the quantities exported from Kirkuk oil through Ceyhan port were 1,448,935 barrels."
He pointed out, "Achieving additional revenues from the sale of quantities of shipments of crude oil exported at a price premium, as the total revenue amounted to (273,804.794) million dollars," continuing that "the exported quantities were loaded by 34 international companies of different nationalities, from the southern ports and buoys. unilateral on the Gulf and the Turkish port of Ceyhan. Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=191298
After A Sharp Decline .. Black Gold Returns To The Rise
Economie| 04:45 - 26/04/2022 Baghdad - Mawazine News : Oil prices returned to rise today, Tuesday, after black gold prices had recorded a noticeable decline yesterday, in light of economic concerns over global demand for crude. By 16:16 Moscow time, US crude futures "West Texas Intermediate" rose 1.5 percent to $ 100.2 a barrel.
Meanwhile, Brent crude futures increased by 1.6 percent to $103.96 a barrel, according to Bloomberg website data. And oil prices fell yesterday by more than 4% due to economic concerns related to the impact of the demand for crude with the closures in China to combat the spread of Corona.
The rise in the US currency also contributed to putting pressure on black gold prices, as the dollar's rise put pressure on holders of other currencies. https://www.mawazin.net/Details.aspx?jimare=191349
The Council Of Ministers Issues A Number Of New Decisions
Iraq Tuesday, 26 April 2022 6:14 PM Text of Cabinet decisions today:
First / Approval of the governor of Najaf to create a municipality in the old city, provided that the issue of whether or not it will remain will be presented later to the provincial council in its new session.
Second / Approval of the recommendation of the Ministerial Council of Economy regarding approval of what was stated in the Ministry of Planning letter No. (W.S./1/2/775) dated December 2, 2021, on projects financed by World Bank loans, as follows:
1- Requiring ministries, agencies not affiliated with the Ministry, and all governorates, to adopt a mechanism for implementing projects financed from loans that have already been circulated under the Ministry of Planning’s letter No. (15791), dated November 11, 2020, and emphasizing not to enter into any commitments with international agencies The issue was not submitted to the Ministry of Planning for study and to ensure that it is included in the general budget law before commencing the borrowing process, based on paragraph (1) of the Cabinet Resolution (69 of 2019).
2- Semi-annual reports are submitted to the Ministry of Planning / Department of International Cooperation on the implementation of projects financed by loans.
3- All parties should give the utmost importance to transactions related to projects financed by loans, and complete the required procedures within a period not exceeding 5 working days from the date of their receipt to the entity, in order to avoid delays and enter into additional financial obligations resulting from non-compliance with the periods stipulated in the terms of the loan agreement.
4- Obligating the government agencies responsible for tax and customs collection to implement the provisions of the Federal General Budget Law regarding tax and customs exemptions for the projects in question, provided that the loan and contract agreement were signed at the time the budget law came into force; To avoid burdening the state with additional undue financial burdens.
5- Formation of a higher steering committee headed by the Minister of Finance and with the membership of the undersecretaries of the ministries (Finance, Planning, Construction, Housing, Municipalities, Public Works, and Electricity), the head of the High Authority for Coordination between Governorates, and a representative of the General Secretariat of the Council of Ministers, as well as naming liaison members with other relevant government agencies The relationship is called upon when needed. The committee undertakes the process of directing the loans and overcoming the obstacles facing the implementation of the projects financed by it in a way that prevents them from stopping.
Third / In implementation of the paragraphs (1-a and 2) mentioned in the letter of the Federal Financial Supervision Bureau No. (1/1/15/2443) dated February 3, 2021, attached to linking the Cabinet Resolution (15 of 2022), the following was decided:
1- The Ministry of Finance shall finance the amounts shown below to the Ministry of Financial Resources, to implement emergency works to address water scarcity in Diyala Governorate:
The total amount is (5750000000) dinars only five billion seven hundred and fifty million dinars distributed among:
– (1750000000) dinars, only one billion seven hundred and fifty million dinars / the General Authority for Ground Water, to dig wells in various parts of the governorate with the preparation of the necessary supplies (pipes, primes digging..etc.)
- (750,000,000) dinars, only seven hundred and fifty million dinars/ the river dredging works department is allocated to the works of raising sediments for the provider of dams and dams in the governorate to ensure the preparation of storage basins.
- (500,000,000) dinars, only five hundred million dinars / the General Authority for the Operation and Maintenance of the Euphrates River Basin is allocated for purification works, and raising sediments from the irrigation network to facilitate the delivery of water to liquefaction stations during low water levels.
– (2750,000,000) dinars, only two billion seven hundred and fifty million dinars / The General Authority for the Operation and Maintenance of the Tigris River Basin is allocated for the periodic maintenance of pumping stations and regulators, with the extension of a power line to the lower Khalis station.
Fourth / The Ministry of Interior / General Traffic Directorate has concluded an investment contract to establish a factory for the manufacture of plates with the Police Martyrs Fund, as an exception to Cabinet Resolution (245 of 2019).
Fifth / The Ministry of Finance funded the Iraqi House of Creativity Foundation with an amount of (50,000,000) dinars, only five hundred million dinars, in implementation of paragraphs (1 and 2) mentioned in the Federal Financial Supervisory Bureau book No. (1/1/15/2443) dated January 3 The first is 2021. Attachments link to the Council of Ministers Resolution (15 of 2022). https://nnciraq.com/124111/
Prison Sentences And Imprisonment For Three Bank Managers In Diyala
Today, Tuesday, the Federal Integrity Commission announced the issuance of (Cool prison sentences and severe imprisonment for three directors of government banks in Diyala Governorate.
The authority said in a statement that "the Diyala Criminal Court - the first authority, issued a seven-year prison sentence in absentia against the convict, the former director of Rafidain Bank - Jalawla branch, for disbursing a housing loan in violation of the regulations and instructions, and without placing a seizure on the plot of land belonging to the borrower or making a disclosure procedure. on the existence of a building, which caused damage to public funds.”
She added that "the court issued (6) severe imprisonment sentences in his presence for a period of (9) years against the former director of the Agricultural Bank in Hebhab, for causing him to deliberately harm the interests of the entity in which he works, pointing out that "the convict embezzled amounts of advances and loans that were repaid from borrowers and borrowers for his personal interest." and not denoting it in the bank’s accounts, as well as disbursing a loan in violation of the law.”
And she added, "The first panel in the Diyala Criminal Court issued a verdict in the presence of severe imprisonment against the former director of the Agricultural Bank in Muqdadiya and the bank's credit officer, for the crime of disbursing a loan to a person without his knowledge, which led to damage to public money."
And she stressed that "the court, after reviewing the evidence obtained in these cases, which was represented by the statements of witnesses and legal representatives of the Rafidain and Agricultural Banks and the confessions of the accused, found it sufficient and convincing to convict them, and issued its decisions in accordance with the provisions of Article (340) of the Penal Code and in accordance with the articles of participation (47, (316, 48) and 49). ), citing Article (132/3) of the law, in addition to obligating the convict (the former director of the Agricultural Bank in Hibhab) to pay the embezzled amount to the affected department. https://www.radionawa.com/all-detail.aspx?jimare=29203
To read more current and reliable Iraqi news please visit BondLady’s Corner: