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Iraqi News Wednesday Afternoon  4-27-22

Iraqi News Wednesday Afternoon  4-27-22

TLM724 Administrator BondLady’s Corner

The Central Bank Withdraws The License Of A Financial Mediation Company For Violating The Instructions

Wednesday 27 April 2022 13:21 | economic Number of readings: 185  Baghdad / NINA / - The Central Bank of Iraq announced, today, Wednesday, the withdrawal of the license of a mediation company for the sale and purchase of foreign currencies for violating the instructions.

In a statement, the bank said, "In view of the violation of the (evolution) company to mediate for the sale and purchase of foreign currencies, the provisions of the instructions regulating the work of mediation companies and the purchase of foreign currencies, it was decided to withdraw the company's license."

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He added, "It was also decided to confiscate the letter of guarantee from the Noor Iraq Islamic Bank for Investment and Finance in the amount of 50 million dinars in favor of this bank," calling on the Ministry of Commerce to "cancel the certificate of incorporation granted to the company, in addition to striking off the company's name from the records and providing the Central Bank with the certified liquidation letter."/ finished8    https://ninanews.com/Website/News/Details?key=972737

After The Rise In Oil, Specialists Call For Activating The Productive Sectors And Supporting The Fragile Classes

Posted On2022-04-27 By Sotaliraq   Specialists in economic affairs stressed the need to activate the productive sectors of agriculture, industry and tourism and not to rely entirely on oil, while calling on the government to support the poor classes, especially after the rise in oil prices and the achievement of high revenues from them.

SOMO had announced achieving the highest export rate in two years, last February, at a rate of 3.314 million barrels per day, an increase of 112,000 barrels per day over the previous month, and the highest financial revenue since 2014 at an amount of 8.54 billion dollars per month.

The economic expert, Dia Al-Mohsen, called on the government to “support the poor and fragile classes, especially after the rise in oil prices,” noting that “the problem is not related to the increase in oil revenues, but rather in the sources of disbursement of these increases.”

Al-Mohsen added, "The financial abundance, even if it is achieved, the hypothetical deficit still exists in the budget," adding that "there are unjustified expenses that are covered through that abundance produced by oil rvenues."

And he added, "The United States of America is pressing for a ban on the import of Russian oil due to the crisis between Russia and Ukraine," expecting "a rise in oil prices in the global market as a result of an imbalance between supply and demand."

He pointed out that "the interest of the Iraqi economy depends a lot on the increase in oil revenues," noting that "the problem is not related to the increase in oil revenues, but rather in the sources of disbursement of these increases."

He called on the government to "send a request to Parliament to grant it the authority to send the investment budget for 2022."

Yesterday, Tuesday, the Ministry of Oil announced the total oil exports and revenues achieved for the month of last March, and while it indicated that it had achieved revenues of more than 10 billion dollars, it confirmed that it had exported more than 99 million barrels from oil fields in the center, south and Kirkuk governorate.

The ministry stated in a statement that “according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), the amount 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.”

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The ministry added that “the total quantities exported of crude oil for the month of last March from oil fields in central and southern Iraq amounted to (99) million (130) thousand and (677) barrels, while the quantities exported of Kirkuk oil through the port of Ceyhan were (1) million. and (448) thousand and (935) barrels,” indicating that “the average price per barrel amounted to (108.503) dollars.”

In its statement, the ministry indicated that “additional revenues were achieved from the sale of quantities of shipments of exported crude oil at a price premium, as the total revenue amounted to 273,804.794 million dollars,” noting that “the exported quantities were loaded by (34) different international companies. Nationalities, from the southern ports and the monopoly buoys on the Gulf and the Turkish port of Ceyhan.”

For his part, the adviser to the Association of Iraqi Banks, Samir Al-Nusairi, called for “the need to expedite the establishment of a sovereign fund (the Generation Fund) to protect the national economy in times of crisis or when prices are low.”

Al-Nusairi added that "the rise in oil prices will, in turn, cancel the deficit in the 2022 budget, or it may be a very small deficit."

He stressed "the necessity of activating the productive sectors, including agriculture and industry, and not relying entirely on oil."   LINK

An Increase In The Exchange Rates Of The Dollar In The Local Markets

Economie| 10:30 - 27/04/2022   Baghdad - Mawazine News, the dollar exchange rates rose, today, Wednesday, in the local markets.  The selling prices of the dollar were 147,750 dinars per 100 dollars, while the purchase prices of the dollar were 147,500 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=191418

Planning For / Nina /: We Will Soon Implement A Household Economic And Social Survey In Iraq

Wednesday 27 April 2022 10:08 | economic Number of readings: 199

Baghdad / NINA / - The Ministry of Planning announced its intention to implement one of the largest surveys in Iraq soon, which is the economic and social survey of the family in Iraq.

The official spokesman for the ministry, Abdul-Zahra Al-Hindawi, said, in a statement to the National Iraqi News Agency ( NINA ), that "the Ministry of Planning, through the Central Bureau of Statistics, is conducting a number of field surveys to meet the development requirements in digital indicators."

"We carried out the integrated survey of the social and health conditions of women during the past year, as well as the labor force survey and the labor market survey," he said.

He added, "We will soon start implementing one of the largest surveys in Iraq, which is the Economic and Social Survey of the Family in Iraq, which will give us very important indicators of unemployment, poverty and social issues that will serve to formulate development policies and development plans in the country."

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On the general population census, the official spokesman of the Ministry of Planning confirmed that "the number of Iraq's population, according to the latest estimates in 2021, was 41 million and 150 thousand people, the rate of males being 50.5% and females 49.5%, with an annual growth rate of 2.6%."

He added, "In 2020, Iraq recorded one million and 258 thousand births, and in 2021 we recorded one million and 284 thousand births, that is, we crossed the specified ceiling, which is one million births annually for the upper limit, and 800 thousand births for the minimum annually." / End 5

https://ninanews.com/Website/News/Details?key=972676

Al-Zamili To The Dutch Ambassador: We Count A Lot On Benefiting From The Dutch Expertise In Constructing And Rehabilitating Dams

Economie| 10:05 - 26/04/2022  Baghdad - Mawazine News  The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, confirmed that Iraq relies a lot on benefiting from the Dutch expertise in establishing and rehabilitating dams and developing the industrial and agricultural sectors.

The media office of the Deputy Speaker of the House of Representatives stated in a statement received by Mawazine News, that "Hakim Al-Zamili, the First Deputy Speaker of the House of Representatives, received in his office the Dutch ambassador to Iraq, Michel Rintenar, and his accompanying delegation, in the presence of Representative Shaima Al-Darraji."

Al-Zamili stressed, according to the statement, that Iraq relies a lot on benefiting from the Dutch expertise in revitalizing a number of vital files, such as the construction and rehabilitation of dams, successful planning of the water file and finding ways to rationalize consumption, in addition to cooperation in the issues of dealing with desertification and the drying of marshes and removing mines and remnants of war.

For his part, the Dutch ambassador expressed his country's keenness to maintain coordination and support joint activities between the two countries, especially in the field of developing parliamentary capacities and economic development sectors, especially since Iraq is one of the most promising countries and has an attractive and distinguished environment for investment companies. Ended 29 / p. 87 https://www.mawazin.net/Details.aspx?jimare=191383

Iraq Discusses With A Chinese Company A Mechanism To Direct The Automation Project Towards Digital Transformation

Local | 04:32 - 27/04/2022  Baghdad - Mawazine News  The Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, discussed, on Wednesday, with representatives of the Chinese Huawei Technology and Communications Company, the final procedures to begin the process of developing the e-governance and automation project, and then the stage of comprehensive digital transformation in government institutions, which will end the stage of mail handling and the completion of paper transactions.

In a statement received by Mawazine News, Al-Ghazi stressed the need to exert effort and mobilize all energies with speed of work and accuracy in implementation; In order to develop the national data center in the General Secretariat of the Council of Ministers, and to establish an integrated database for official institutions, in addition to developing the skills of employees and enabling them to manage the project.

Al-Ghazi stressed that the e-governance project has reached advanced stages, and has achieved positive steps in the process of automation and electronic connectivity in the General Secretariat of the Council of Ministers and ministries, and that the second phase is continuing to work, which is to link entities not associated with a ministry and all governorates, within the electronic document management program. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=191455

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Will Food Security Be An Alternative To The Budget? .. A Government Advisor Clarifies

Political | 03:54 - 27/04/2022  Special - Mawazine News, Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, confirmed, on Wednesday, that the country is indispensable for the country's general budget law.

In an exclusive interview with Mawazine News, Saleh said, "We do not expect that the general budget law for 2022 will be approved because it is not ready or sent by the government to the House of Representatives.

And Saleh said, "The food security law may be an alternative at the present time to the budget law, because it is It was presented to the House of Representatives and has been read and completed and will be ready for approval.  He pointed out that no law can be a substitute for the budget law. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=191448

USAID Provides $122 Million In Aid To Iraq

Money  and business  Economy News-Baghdad The World Health Organization announced, on Tuesday, that the United States Agency for International Development "USAID" provided aid to Iraq worth 122 million dollars, and it became the largest funding partner for the organization in Iraq, after 5 years of its strategic partnership in Iraq with the organization .

The United Nations organization noted in a statement that, during these five years, USAID provided $122 million to the organization in order to support efforts to provide basic health care services to the needy population in Iraq .

A United Nations statement quoted the representative of the World Health Organization in Iraq, Ahmed Zouiten, as saying that “USAID” was “the largest funding partner of the World Health Organization in Iraq during the past five years,” adding, “We are proud of a real and growing partnership that has helped us enhance access to care services.” urgent health care for millions of people in different governorates ."

Zouiten pointed out that "the World Health Organization highly values" the influential partnership, and we are exploring new opportunities to further deepen this partnership .

According to the World Health Organization, the generous US contribution helped provide more than 6 million primary health care consultations, including psychological and physical rehabilitation for Iraqi citizens, while more than 1,500 people benefited from various capacity-development trainings .

In addition, US funding contributed to securing 56 ambulances to serve the Iraqi health sector, and the delivery of medicines, medical supplies, and testing devices to conflict-affected governorates, with the aim of providing health care to millions of people, including 300,000 Syrian refugees and host communities in the governorates of Erbil, Dohuk and Sulaymaniyah. .

The statement added that USAID contributed to supporting the efforts of the World Health Organization in Iraq in responding and dealing with the Corona epidemic by supporting the increase of vaccination centers in difficult humanitarian areas, including refugee camps and internally displaced persons, and training medical workers on the front lines to care for Corona patients. Organizing awareness campaigns

The statement concluded with a statement by Heather Child, the acting director of the USAID mission in Iraq, that "the United States is the largest provider of humanitarian assistance in Iraq, and we are pleased to celebrate five years of fruitful partnership with the World Health Organization," stressing the commitment "to work with the Government of Iraq." and other partners to provide vital services to the neediest citizens in Iraq ."

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