Iraqi News Tuesday Morning 5-31-22
Iraqi News Tuesday Morning 5-31-22
TLM724 Administrator BondLady’s Corner
Parliamentary Integrity: Most Of The Corruption Funds Go To Banks Outside Iraq
Money and business A member of the Parliamentary Integrity Committee, Ahmed Taha Al-Rubaie, confirmed, on Tuesday, that most of the corruption funds go to investments or banks outside Iraq, noting that political courtesies, personal relations and interests with some parties contributed to closing some corruption files and looting public money .
Al-Rubaie said in a television interview that "when conducting referendums in accordance with international public standards, Iraq is mentioned at the forefront of the most corrupt countries, and that most of this money goes to investments or banks outside Iraq ."
He pointed out that "despite the complexity of the routine in recovering these funds, the government and the Ministry of Foreign Affairs, which represents foreign policy, as well as the administrative and executive aspect related to the Integrity Commission, must find international coordination to prosecute the corrupt and recover the looted funds outside Iraq ."
And he indicated that "there are a lot of pressure papers on the countries owned by the Iraqi government and the Integrity Commission that can be used, especially since many of these corrupt people are diagnosed and their accounts are known in foreign banks and can be used as a pressure card through trade and economic relations with these countries to recover Iraqi funds. This matter needs a real will on the part of the state .”
Al-Rubaie suggested that the government “contract with discreet international institutions to move in international courts for the purpose of recovering these funds in exchange for a percentage of the recovered funds,” stressing that “political courtesies, personal relations and interests with some parties, contributed to closing some files of corruption and looting public money or contributed to delaying Recovery and obstruction of official procedures and others. Views 128 Added 05/31/2022 - 11:07 AM Update 05/31/2022 - 5:35 PM https://economy-news.net/content.php?id=28258
Al-Husseini: Cutting the link between Baghdad and the region disrupted the activation of the “oil and gas” law
Economie Monday, 30 May 2022 10:07 PM National News Center / Special The economic expert, Ahmed Al-Husseini, confirmed today, Monday, that the general budget depends on oil imports by 96%, indicating the importance of activating the oil and gas law to ensure that the financial needs of the public budget are met.
Al-Husseini said in an interview with the "National News Center", "The failure to activate the oil and gas law is due to political reasons more than economic factors, especially with the presence of political intersections between Baghdad and the Kurdistan region."
He added that "the Kurdistan region owes Baghdad huge sums of oil imports since the adoption of the oil and gas law in 2007 until now," stressing that "the region is obligated to pay these funds to Baghdad, especially after the decision of the Federal Court."
And he indicated that "not activating the oil and gas law will cost Iraq huge sums and will make the process of following up on the production and export of crude oil and financial revenues very difficult, which calls on the Parliament and the competent authorities to speed up the process of activating it."
Iraq Moves To Supply The European Market With Oil
Sumo Energy Economy News – Baghdad The Oil Marketing Company (SOMO) revealed, on Tuesday, that France approached the possibility of Iraq to supply the European market with oil
The company's general manager, Alaa Al-Yasiri, said during his hosting of the Parliamentary Oil, Gas and Natural Resources Committee, according to a statement reported by the official news agency, that "SOMO is the only company responsible for exporting oil and importing its derivatives," explaining that "the marketing company is a middle link between the Ministry of Oil." and the beneficiaries of the oil.
He stressed, "The approach of the French authorities concerned with the possibility of Iraq supplying the European market with oil."
He added that "Iraq is committed to the decisions of OPEC," stressing "his company's interest in Indian and Chinese government oil companies because it deals with a long-term contract and the company cannot lose its customers."
He pointed out that "the targets of Iraqi crude oil are oil refineries," expressing "his hope that the Parliamentary Energy Committee will support the company's work."
58 . views Added 05/31/2022 - 3:53 PM Update 05/31/2022 - 5:57 PM
https://economy-news.net/content.php?id=28264
Oil Prices Rise, Brent Crude Exceeds $ 123 A Barrel
Economie| 08:13 - 31/05/2022 Follow-up - Mawazine News: Oil prices recorded, on Tuesday, a rise to their highest level in two months, after the European Union decided to ban 90% of Russian oil as part of a meeting related to the sixth package of sanctions against Moscow due to the war on Ukraine.
Brent crude futures rose more than a dollar to $123 a barrel, while US West Texas Intermediate crude futures jumped a dollar to $116.10 a barrel, continuing strong gains made last week.
The ban on Russian oil will lead to a shortage in the crude oil market, which is already suffering from supply pressures amid increased demand for gasoline, diesel and jet fuel ahead of the peak summer demand season in the United States and Europe. https://www.mawazin.net/Details.aspx?jimare=194975
Investment Reveals An Initiative To Revive The Industrial Sector In Anbar
Economie| 03:30 - 31/05/2022 Anbar - Mawazine News, Chairman of the National Investment Authority Suha Al-Najjar revealed, on Tuesday, an initiative to revive the industrial sector in Anbar Governorate and make it a springboard for industrial investment projects in the country.
Al-Najjar told the official news agency, "Today, during our tour in Anbar Governorate, we saw various types of projects, including projects to establish central markets (malls), housing and other health projects. We also saw hotel projects such as the Ramadi Hotel, which is one of the largest hotels in terms of quality. And the number of rooms, in Iraq.
She added, "There is great interest in the province in general in terms of infrastructure, hygiene, organization, traffic lights and green areas," noting that "there is a clear effort in Anbar, which has resulted in providing an attractive environment for investors, in addition to the facilities provided."
Al-Najjar affirmed, "there is great cooperation between the province and investors at the level of the province's reality," noting that "the most prominent feature of Anbar's projects is their huge size, high completion rates, and solid and distinguished quality."
Al-Najjar continued, "Because of the abundance of raw materials in Anbar Governorate and the presence of all the ingredients for the success of the industry, the authority will have an initiative with the Anbar Investment Commission to revive the industrial sector in Anbar to be the starting point for industrial investment projects in the country." Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=195015
An Ambitious Plan By The World Bank To Push Hundreds Of Iraqi Women Towards Economic Progress
Economie Tue, May 31, 2022 10:39 AM National News Center / Special The head of the Baghdad Chamber of Commerce, Firas Al-Hamdani, confirmed today, Tuesday, that the World Bank, in cooperation with economic organizations and the Chamber of Commerce, has a view to engaging hundreds of businesswomen to develop their capabilities.
Al-Hamdani said in a statement to the "National News Center", "There is a clear interest in supporting and participating businesswomen in international conferences and forums, which has produced effective economic figures with great chances of success, such as the Managing Director of the International Islamic Bank, Suhad Kafaei, and the General Manager of Al-Safa Company for Canning Iraqi Dates, Huda Al-Azzawi." .
And he indicated that "the World Bank, in partnership with the Chamber of Commerce and economic organizations, has an expanded view of engaging more than 450 women to develop and develop their capabilities." https://nnciraq.com/131784/
The Dollar Depreciates Against The Dinar
Economie| 09:31 - 31/05/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, today, Tuesday, a decrease in the Iraqi Stock Exchange. Selling price: 148,400 dinars per 100 dollars, buying price: 148,300 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=194984
Central Bank: Visa International Has Started Its Work In Iraq
Economie| 08:22 - 30/05/2022 Baghdad - Mawazine News The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, received, on Monday, a delegation from the International Visa Company, where the company started the first steps of its work in Iraq.
According to a statement by the bank, Mawazine News received a copy of it, the governor confirmed, on the sidelines of his meeting with the delegation, that the Central Bank of Iraq will support the company’s steps in its work in Iraq because of its importance in attracting sober international expertise and the need to encourage electronic payments and enhance financial inclusion.
He added that the Central Bank of Iraq attaches great importance to developing the banking sector and keeps pace with the latest developments, and we will provide the necessary support for that. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=194948
The International Company (Visa) Begins Its Work In Iraq, And The Central Bank Promises To Support It
Money and business Economy News – Baghdad The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, confirmed, on Monday, that the bank will support the steps of the International Visa Company in its work in Iraq.
The bank's media office said in a statement, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, received today a delegation from the International Visa Company, where the company started the first steps of its work in Iraq."
The Governor of the Central Bank stressed, "The Central Bank of Iraq will support the company's steps in its work in Iraq because of its importance in attracting sober international expertise and the need to encourage electronic payments and enhance financial inclusion."
He added, "The Central Bank of Iraq pays great attention to developing the banking sector and keeps pace with the latest developments, and we will provide the necessary support for that."
Views 1232 Added 05/30/2022 - 8:27 PM Update 05/31/2022 - 5:59 PM
https://economy-news.net/content.php?id=28254
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