Iraqi News Tuesday AM 6-7-22
Iraqi News Tuesday AM 6-7-22
TLM724 Administrator BondLady’s Corner
Parliament Sets Next Wednesday As The Date For Voting On The Food Security Law
The House of Representatives has set tomorrow, Wednesday, the date for voting on the Emergency Support Law for Food Security and Development.
And the Media Department of the House of Representatives stated in a statement, "The parliament's agenda for Wednesday, June 8, 2022, includes voting on the proposed emergency support law for food security and development," stressing that "the session will start at eleven o'clock in the morning."
Earlier, the Chairman of the Parliamentary Finance Committee, Hassan Al-Kaabi, announced that his committee will vote on the entirety of the provisions of the Food Security Bill and send it to the Presidency of the House of Representatives.
Al-Kaabi said in a press statement: "The Parliamentary Finance Committee voted in total on the draft food security law." https://www.radionawa.com/all-detail.aspx?jimare=29818
Iraq And The World Bank Agree On A Road Map To Improve The Reality Of The Tax System
Economie| 10:24 - 07/06/2022 Baghdad - Mawazine News, the Ministry of Finance and the World Bank agreed, on Tuesday, on a road map to provide technical support to improve the reality of the tax system.
And a statement by the Information Office of the Ministry of Finance, received by Mawazine News, stated that, "with the guidance and follow-up of the Minister of Finance, Ali Abdul Amir Allawi, and based on the agreement between the Iraqi Ministry of Finance and the World Bank, related to the aspect of improving the work of the tax system in Iraq, the World Bank expressed its willingness to provide the necessary support towards Tax Administration Reforms.
The statement added, "Support will be provided to help Iraq enhance the effectiveness of the General Tax Authority, with the support of the support team funded by the Foreign and Commonwealth Office in the United Kingdom ,(FCDO) which includes introducing good international practices and helping the authority to use modern technology."
And he continued, "The agreed roadmap is represented in conducting an assessment of the tax administration's performance using international standard tools (TADAT)and providing guidance on tax administration issues according to a reform program that relies in its work on the use of technology over the medium term from 3 to 5 years, as well as the practice of An advisory and technical role by supporting the design of a technical procurement process.
The statement stated, "This agreement comes within the framework of the Ministry of Finance's endeavors aimed at raising the efficiency and performance of all its institutions, as part of a series of reform measures for financial institutions adopted by the Ministry by introducing modern systems and keeping pace with current international standards, with the supervision and support of experts, specialists and leading organizations in this sector." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=195716
Finance Agrees With The World Bank To Help Iraq By Activating The General Authority For Taxes
Money and business Economy News-Baghdad The Ministry of Finance and the World Bank agreed, on Tuesday, on a road map for the tax system .
And the media office of the Ministry of Finance said in a statement that "Ali Abdul Amir Allawi, based on the agreement between the Iraqi Ministry of Finance and the World Bank, related to improving the work of the tax system in Iraq, expressed his willingness to provide the necessary support towards tax administration reforms ."
Support will be provided to help Iraq enhance the effectiveness of the General Tax Authority, with the support of the support team funded by the Foreign and Commonwealth Office in the United Kingdom, which includes the introduction of good international practices and assistance to the authority in the use of modern technology
According to the statement, "the agreed roadmap is to conduct an assessment of tax administration performance using international standard tools, and to provide guidance on tax administration issues according to a reform program that relies on the use of technology over the medium term from 3 to 5 years, as well as exercising an advisory and technical role from through the design support of a technology procurement process.
The agreement comes within the framework of the efforts of the Ministry of Finance aimed at raising the efficiency and performance of all its institutions, as part of a series of reform measures for financial institutions adopted by the Ministry by introducing modern systems and keeping pace with current international standards, under the supervision and support of experts, specialists and leading organizations in this sector . 156 . views Added 06/07/2022 - 11:04 AM Update 06/07/2022 - 5:06 PM
https://economy-news.net/content.php?id=28354
A New Rise In The Exchange Rate Of The Dollar
Economie| 10:58 - 07/06/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, on Tuesday, a slight increase in the Iraqi Stock Exchange.
The selling prices of the dollar were 148,450 dinars per 100 dollars, while the purchase prices of the dollar were 148,350 dinars per 100 dollars. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=195719
Rising Oil Prices In World Markets
Economie| 09:25 - 07/06/2022 BAGHDAD - Mawazine News : Oil prices rose today, Tuesday, due to an expected recovery in demand in China, with the second largest economy in the world easing strict restrictions imposed to contain the Corona pandemic, and amid doubts that the increase in production targeted by OPEC + producers will ease the tight supply.
Brent crude futures rose 76 cents, or 0.6%, to $120.27 a barrel at 04:13 GMT. US West Texas Intermediate crude futures rose 83 cents, or 0.7%, to $119.33 a barrel. The index reached a three-month high of $120.99 on Monday. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=195710
Al-Halbousi Receives The American Ambassador
Political | 03:29 - 07/06/2022 Baghdad - Mawazine News On Tuesday, Parliament Speaker Muhammad al-Halbousi received the US ambassador to Iraq, Alina Romanowski, on the occasion of the assumption of her new duties.
According to Al-Halbousi’s office, Mawazine News received a copy of it, that the meeting discussed bilateral relations, and ways to enhance cooperation and partnership between the two friendly countries, which will reflect positively on both peoples, and stress the importance of supporting the Iraqi forces in facing the challenges of terrorism in accordance with the principles of strategic dialogue, wishing his sovereignty to the new ambassador Success and success in the performance of its tasks.
For her part, Ambassador Romanowski affirmed the United States' aspiration for closer cooperation with Iraq in various fields, stressing her country's continued support for Iraq in all fields. To achieve security and stability. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=195751
The Ministry Of Industry Intends To Produce Iraqi Cars
The Ministry of Industry and Minerals revealed a plan and direction for the manufacture of an Iraqi car, while noting that raising fuel prices stopped part of the factories due to the high production cost, and stressed that the rehabilitation of Iraqi factories needed huge funds.
The ministry's advisor, Ammar al-Janabi, told the Iraqi News Agency, "In order to carry out a renaissance in the industrial sector, real twinning between the private and public sectors must be achieved by facilitating the procedures for participation and investment contracts between them," noting that "strategic public sector companies remain only.
With the Research and Development Authority, the Geological Survey, the Department of Organization and Industrial Development and Industrial Development only, and others, it goes to privatization because it is more capable of managing it without draining public budget funds, as it is a problem that may grow even more.”
Al-Janabi added, "Despite the current challenges, a chlorine plant has been operated in the Al-Furat State Company, which has been suspended for more than 10 years, in addition to operating the petrochemical plant, and low-density granules were produced, and soon a high-intensity operation will be carried out," continuing that "sufficiency is enough."
Now self-sufficient in Iraqi cement is a boom and an achievement, but unfortunately the increase in fuel prices from the range of 150-250, and now it is expected to raise it again to 350, and part of the factories has been suspended due to the high production cost.”
He continued: "We have a big problem that occurred in the Ministry of Industry and Minerals, which is the management of companies after disbursing amounts amounting to 3 trillion Iraqi dinars to rehabilitate our ministry's factories through the investment plan in 2014 after the entry of terrorist Daesh gangs, as the plan stopped until 2019, which affected most of the disparate projects.
Between 50-90% of the suspension and extinction, in addition to the reluctance of some companies to prepare due to the suspension of the contract’s permanence.”
He pointed out that "these production lines came to a halt, and in 2016 they tried to merge and promote companies, but this merger had a negative impact, and there were 12 profitable companies that turned into only two companies."
And Al-Janabi, that "rehabilitation needs huge funds, especially since after 2014, the investment budget stopped and financial support stopped, and projects remained suspended within high completion rates due to the extinction," explaining that "only the ongoing projects during 2021, are the ones that have currently achieved rates." high achievement."
He noted that "for the first time there is a relationship between the private sector represented by the Federation of Iraqi Industries and the Ministry of Industry and Minerals, which is a very good relationship and constructive joint cooperation, especially since most of the investment projects for the year 2021 and 2022, the private sector entered and invested in them, and for example, there is currently a plan for the industry Iraqi cars. https://www.radionawa.com/all-detail.aspx?jimare=29816
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