Iraqi News Tuesday AM 6-8-21
Iraqi News Tuesday AM 6-8-21
TLM724 Administrator BondLady’s Corner
Dollar prices break the barrier of 1500 dinars in Iraq
Pratha News Agency97 2021-06-08 The exchange rates of the dollar, international foreign currencies and precious metals in the Iraqi markets. The price of the dollar against the Iraqi dinar Exchange rates:
Dollar selling price 150,250 Dollar purchase price 149,250
The price of the dollar against the Iranian toman Baghdad $100 2,300,000 tomans
foreign currencies - 100 euros 121.71 dollars 100 pounds 141.41 dollars 100 dollars 860,84 Turkish liras
Metal - The price of an ounce of gold globally 1891.75 $
Oil - The price of a barrel of Brent crude oil ⬅ $ 70.82 The price of a barrel of US crude oil ⬅ 68.58 dollars http://burathanews.com/arabic/economic/393979
The UN Security Council Issues A Resolution To Release Iraqi Funds: What Does It Include?
Political Tuesday 8 June 2021 | 02:46 PM| Number of readings: 384 The Ministry of Justice announced, on Tuesday, that the UN Security Council issued a decision to release Iraqi funds seized by the Swiss government.
A ministry statement said, "Justice Minister Salar Abdul Sattar Muhammad received in his official office today, the Swiss Ambassador to Iraq Lucas Jacir, and during the meeting, they discussed ways to enhance joint cooperation between the two sides, especially the possibility of signing a memorandum of cooperation between the two ministries." Iraqi and Swiss justice to exchange legal expertise and judicial notifications to develop the capacity development of the Ministry's staff in the near future.
The minister called, according to the statement, to "the importance of serious cooperation between the two countries, which would contribute to strengthening frameworks and exchanging experiences, including signing a memorandum of cooperation between the two parties in the near future to serve the interests of the two friendly peoples."
The statement said the two sides reviewed also discussed the launch of returning money to the Iraqi government are reserved to the Swiss, and the demand for lifting the booking for these funds and return the government, knowing that there is a decision issued by the Security Council , the international launch of these amounts" .
Among that, "we discussed the participation of the Republic of Iraq in the writing of the National Plan for Human Rights prepared by the ministry and other ministries represented in the National Committee to write a treaty reports which will take place in the ninth month of this year in Geneva ."
For his part, the Swiss ambassador expressed great thanks "to the Minister on the great cooperation and warm reception", expressing his country 's readiness "for cooperation between the two parties, in the exchange of experiences and the possibility of signing a memorandum of cooperation between the two sides in the near future" https://aynaliraqnews.com/index.php?aa=news&id22=148380
Political Disagreements About Parliament's Efforts To Question The Minister Of Finance And Other Officials
Posted On 2021-06-08 By Sotaliraq All roads were closed to the political blocs that adopted the questioning of the Minister of Finance, and they became convinced that they were unable to achieve a quorum for any session set by the Presidency to hold the minister accountable, after the majority of parliament members refused to attend this questioning on the grounds that the remaining period for holding early parliamentary elections is less than four Months.
Muhammad Al-Baldawi, a representative of the Al-Fateh parliamentary bloc, said in a statement to (Al-Mada) that the file of the questioning of ministers and government officials collides with the absence of representatives and the lack of a quorum for the sessions of the House of Representatives, adding that one of the reasons for delaying the appointments of ministers’ accountability is the absence of political will in the questioning and additions of executive officials at the time. Present.
The Presidency of the House of Representatives set, on May 31, the date for the questioning of Finance Minister Ali Abdul Amir Allawi, after a request submitted by Representative Yousef Al-Kalabi, but the Minister of Finance did not attend the session.
Al-Baldawi continues that “there are political blocs that stand against the questioning of the Minister of Finance for certain interests, and thus impede achieving a quorum, and this is what prompts the Presidency of the House of Representatives to convert the session into deliberative or postpone it to another date,” noting that these parties rejecting the interrogation process are diverse and of all components.
The Special Committee completed the audit of the files of the interrogation of the Minister of Finance and the Governor of the Central Bank, and before that the head of the Media and Communications Commission, whose dismissal was voted on, as well as the file of the interrogation of the Ministers of Trade, Oil and Agriculture.
The House of Representatives Law No. (13) of 2018 in force in its article (22) obligated the formation of a special committee to provide opinion and advice on the extent to which the required conditions are met in the request for interrogation in accordance with the rules of procedure of the House of Representatives.
The internal system of the House of Representatives, in its fifty-eighth article, also requires that a request for interrogation be directed in writing to the Speaker of the House, signed by the person submitting the interrogation, with the approval of at least twenty-five members. Representative Al-Baldawi believes that “it is necessary for the House of Representatives to continue its work in completing the legislation that it plans to pass during the current legislative term, and to fulfill its oversight tasks.”
On April 15, the Minister of Finance, Ali Abdul-Amir Allawi, proposed applying the tax deduction from the salaries of employees, starting from the current month of April, and with a retroactive effect for the past three months, according to a leaked document circulated by local media.
Last January, a report prepared by (Al-Mada) revealed that “there are four new interrogation requests that have fulfilled the formal and legal requirements, after the completion of the audit of their files (evidence, questions and indictments) by the committee charged with examining the interrogations.”
For his part, Abdul Rahman al-Mashhadani, an economic expert, told Al-Mada that an interrogation of the Minister of Finance or other ministers would not take place, considering that the talk about questioning these ministers falls within electoral propaganda purposes to gather the largest number of votes.
The Presidency of the House of Representatives postponed the questioning of Finance Minister Ali Abdel Amir Allawi on its scheduled date at the end of last May to future sessions, after refusing to attend the session in the hope that Parliament would raise the issue of the minister’s absence to set another date, otherwise he will be held accountable in absentia.
Al-Mashhadani adds that “the time period is not sufficient for the parliament to dismiss and replace ministers in Al-Kazemi’s government, especially since the remaining period for holding the elections does not exceed four months,” stressing that this period is not sufficient to change a minister and install another minister.
He points out that “there are political balances that do not allow opening the file of interrogations in these circumstances, because the interrogation of any minister affiliated with a certain political party will push it to interrogate a minister from another political party,” stressing that “the interrogation file did not obtain political consensus.”
In a televised interview with a number of local channels broadcast last week, Prime Minister Mustafa Al-Kazemi expressed his intention to make changes in his cabinet as soon as possible, adding, "We have committed to many of the paragraphs of our government program."
Some media outlets had circulated news stating that Prime Minister Mustafa Al-Kazemi’s intention to dismiss 8 ministers (Finance, Agriculture, Industry, Oil, Electricity, Higher Education and Education…), and indicated his approach to the Al-Fateh Alliance as the largest parliamentary bloc for the purpose of the ministerial reshuffle.
Al-Mashhadani added that “the issue of replacing seven to eight ministers was raised in the media about seven months ago, but this issue is just talk that did not reach the application,” stressing that “the interrogation file is also finished and has become crippled and has not been achieved in light of this existing equation.” LINK
Parliamentary Integrity: Allawi Rebelled Against The Legislative Authority
Political Tuesday 8 June 2021 | 12:55 pm| Number of readings: 68 Today, Tuesday, the Parliamentary Integrity Committee has threatened Finance Minister Abdul Amir Allawi not to attend the interrogation session in Parliament in rebellion against the legislative authority, while accusing some political blocs of disrupting the sessions .
Committee member, Representative Alia Nassif, said, "Finance Minister Abdel Amir Allawi threatened not to attend the interrogation session," noting that "this is the latest kind of ministerial rebellion against the oversight authority of the House of Representatives ."
She added that "there is cooperation from some political parties and ministers to disrupt the sessions through the lack of a quorum and the disruption of the questioning of ministers ."
Nassif indicated, "The formation of the government came in accordance with partisan quotas," noting that "all government ministers are partisan and there is no independent among them."
https://aynaliraqnews.com/index.php?aa=news&id22=148365
Al-Kazemi: The Government Saved Iraq Financially And Economically
Money and business Economy News – Baghdad Prime Minister Mustafa Al-Kazemi announced that his government was able to save Iraq financially and economically.
Al-Kazemi said, during his speech at the cabinet session, and his media office broadcast, part of it, which was reviewed by “Economy News”, “The government managed, despite the heavy legacy and great challenges, to accomplish important steps on the path of reform, and to save the country financially and economically, and it is trying hard, with plans and strategies that have been completed.” preparing it to put the country on the right path . ”
He added that the recently launched annual government performance report, in which information and readings were included in all transparency, accuracy and clarity, and it includes the government's achievements during a whole year , explaining that the government performance report lists in all transparency and impartiality what the government accomplished from May 2020 to May 2021, as well as all What is being accomplished .
He pointed out that the people suffered a lot and were let down by the corrupt, the merchants of slogans and those without conscience, and today we put before you, with all transparency, what we have accomplished and what we have not yet accomplished, and what we are on the way to accomplish, in service to Iraq and the Iraqis who deserve the best .
And he stated, " We developed the first plan for economic reform in the history of Iraq, and prepared all the requirements for the elections. We also achieved successes in the oil sector, agriculture, communications and water resources, and we did the anti-corruption file by arresting dozens of senior corrupt . " Views 33 Date added 06/08/2021 https://economy-news.net/content.php?id=25350
The Securities And Exchange Commission Organizes A Conference To Stimulate Investment And Trading In Securities For The Year 2021
Chairman of the Securities Commission Faisal Al-Haims during his completion during the forum. "Economy News"
Money and business Economy News – Baghdad The Securities and Exchange Commission organized a forum to stimulate investment and trading in securities for the year 2021.
The recipient witnessed wide Arab and foreign participation, as well as a number of brokerage firms and investors.
SCA Chairman Faisal Al-Haymes said in his speech during the audience attended by "Al-Iqtisad News", that "in the midst of a world suffering from the repercussions of Corona and the restrictions it imposed on the movement of people and markets, and the challenges it poses, confused global markets and made them live in a unique situation that the Securities Authority was able to humiliate."
The challenges and obstacles facing the financial markets, as the authority developed regulations and policies in accordance with economic plans and studies that led to the prosperity of the indicators for the first quarter of 2021 .
He pointed out that "the traded shares amounted to 133.5 billion shares, and foreign investment purchases amounted to 18.5 billion dinars."
Al-Haims pointed out that, for the first time, the Iraqi Stock Exchange, in the months of January and May of this year, issued all regional markets, according to the assessment of the Arab Monetary Fund.
He added: " According to a three-year strategy set by the commission, we approved the creation of evening sessions as an opportunity to open the widest doors to Iraqi and foreign investors, and this is one of a series of developmental episodes of the reality of stock trading in Iraq."
The head of the authority confirmed that it "worked to amend the instructions for financial disclosure and to return 8 companies to trading in the market after they stopped trading for several years, as their reality was carefully studied, their problems were identified and successful solutions were found to return to circulation again and liberate their frozen capital for the benefit of investors in these companies."
He explained that "the authority worked on re-drafting its draft law to suit the financial and economic variables, as the authority created an internal organizational structure in support of improving the reality of jobs and regulating the work of brokerage and joint-stock companies."
Al-Haymes concluded his speech by saying: "The Commission has strengthened its presence on the Arab, regional and international arenas through its participation in the fifteenth annual meeting of the Union of Arab Organizations to discuss the annual report of the Union and its work plan for 2021. Our Commission expressed its readiness to host the next annual meeting in Baghdad."
For his part, the director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, explained that "the purpose of these forums is not limited to reviewing indicators, mechanisms and implemented plans, but rather working to provide the necessary supportive liquidity for financial instruments."
He added that "the plans adopted by the Board of Governors of the Iraq Stock Exchange, in cooperation with the Securities Commission, aim to include new companies, noting that" diversification of financial instruments is a key element to create new investment opportunities.
Abdul Salam stressed that "the Securities Commission worked through joint committees with the market to develop instructions and rules, and that this year will witness the issuance of new procedures and instructions."
He added, "We have two goals in developing the instructions. The first is to simplify the procedures without compromising the control procedures, and this is done by using the mechanisms of electronic technologies, and the second is to increase supervision."
And revealed the director of the Iraq Stock Exchange for the approval of the Securities Commission to attract new brokerage companies from various provinces, noting that "these companies represent, from our point of view, new investment centers."
The forum witnessed the establishment of three sessions dealing with different themes, in addition to the presentation of a number of research papers. A number of economic figures were also honored.
Views 34 Date added 06/08/2021 https://economy-news.net/content.php?id=25349
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