Iraqi News Wednesday AM 8-18-21
Iraqi News Wednesday AM 8-18-21
TLM724 Administrator BondLady’s Corner
Finance Minister: These Are The Priorities Of The White Paper
Political | 02:53 - 18/08/2021 Baghdad - Mawazine News,Minister of Finance Ali Abdul Amir Allawi, on Wednesday, set the priorities of the white paper, pointing out the importance of raising the indicators of non-oil revenues.
The media office of the Ministry of Finance said, in a statement received by Mawazine News, a copy of it, that "Minister Ali Abdul-Amir Allawi chaired the meeting of the eighteenth session of the committee for preparing the strategy of the federal state budget for the medium term 2022-2024, in the presence of both the head of the General Authority for Monitoring the allocations of the federal ministries and the Undersecretary The Ministry, the Prime Minister’s advisor, the Ministry’s advisor, and a number of general managers in the Ministry and the relevant ministries.”
He added that "Allawi discussed the proposed amendments to the side of oil and non-oil revenues, and the follow-up to the ministerial performance steps aimed at raising and maximizing the indicators of non-oil revenues against oil revenues in a way that reduces the deficit gap in future budget projects and stays at safe spending levels."
The statement indicated that "the session also discussed the economic report submitted by the economic department in the ministry on the principles of the budget strategy for the years 2022-2024, which includes reform visions represented in adopting supporting elements to revitalize the economic reality."
The Minister of Finance stressed that "one of the priorities of the white paper is the reform of financial management systems." Ended 29/A 43 https://www.mawazin.net/Details.aspx?jimare=164329
Finance Minister: One Of The Priorities Of The White Paper Is The Reform Of Financial Management Systems
Wednesday 18 August 2021 14:37 | Economic Number of readings: 138 Baghdad / NINA / - Minister of Finance Ali Abdul-Amir Allawi set, today, Wednesday, the priorities of the white paper, stressing the importance of raising the indicators of non-oil revenues.
And the Ministry of Finance said in a statement that the National Iraqi News Agency / NINA / received a copy of it: “The minister chaired the eighteenth session of the committee for preparing the federal general budget strategy for the state for the medium term 2022-2024, in the presence of the head of the General Authority for Monitoring Federal Ministries’ allocations, the Undersecretary, the Prime Minister’s advisor and advisor The ministry and a number of general managers in the ministry and related ministries.
During the meeting, Allawi discussed the proposed amendments to the side of oil and non-oil revenues, and the follow-up to the ministerial performance steps aimed at raising and maximizing the indicators of non-oil revenues against oil revenues in a way that reduces the deficit gap in future budget projects and stays at safe spending levels.
The Minister of Finance stressed: "One of the priorities of the white paper is the reform of financial management systems."
The session also discussed the economic report submitted by the economic department in the ministry on the principles of the budget strategy for the years 2022-2024, which includes reform visions represented in the adoption of supporting elements to revitalize the economic reality./End of 7
https://ninanews.com/Website/News/Details?key=922123
Finance Holds A Meeting On Preparing The Budget Strategy For The Years 2022-2024
Money and business Economy News – Baghdad On Wednesday, Minister of Finance Ali Abdul-Amir Allawi chaired the meeting of the eighteenth session of the committee for preparing the strategy of the state's federal budget for the medium term 2022-2024.
The ministry said in a statement received by "Al-Iqtisad News", that the meeting was attended by "the head of the general authority to monitor the allocations of the federal ministries, the undersecretary, the advisor to the prime minister, the ministry's advisor, and a number of general managers in the ministry and the relevant ministries."
During the meeting, according to the statement, they discussed "the proposed amendments to the side of oil and non-oil revenues, and follow-up to the ministerial performance steps aimed at raising and maximizing the indicators of non-oil revenues against oil revenues in a way that works to reduce the deficit gap in future budget projects and stay at safe spending levels."
The session also discussed the economic report submitted by the economic department in the ministry on the principles of the budget strategy for the years 2022-2024, which includes reform visions represented in adopting elements that support the revitalization of the economic reality, according to the statement. Views 34 Date Added 08/18/2021 https://economy-news.net/content.php?id=26034
The International Development Bank Buys More Than 300 Advanced Atms From CBM
Banks Economy News _ Baghdad The International Development Bank and CBM, a leading information technology (IT) company, have signed a partnership agreement for state-of-the-art ATMs and automated teller machines.
The agreement aims to develop the payment service for customers and advanced solutions for self-service banking for the International Development Bank, where a contract was made to purchase and support more than 300 advanced ATMs to advance banking services to a global level in performance.
An official source in the bank confirmed that the agreement comes with the aim of adopting the best technology and global solutions that advance banking services to the world and deploying the largest number of ATMs throughout Iraq to cover electronic card services, and the bank continues to make continuous and advanced investments in the field of banking technology, where CBM will provide the company The first in the field of technology, with long-term support at a global level and high quality, in line with the bank’s plans to provide an international level service that achieves customer satisfaction and with the latest ATM technology supported by high-level technical skills.
CBM is also a distributor for Diebold Nixdorf, one of the most important providers of ATMs and professional IT solutions in Lebanon, the Middle East and Africa.
Views 252 Date Added 08/18/2021 https://economy-news.net/content.php?id=26024
Dollar Exchange Rates In Local Markets Today
Market Economy News _ Baghdad "Economy News" publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets on Wednesday.
Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded this morning 147,800 Iraqi dinars for 100 US dollars, which is the same price recorded on Tuesday morning.
As for buying and selling prices, they stabilized in banking shops in the local markets in Baghdad, where the selling price amounted to 148,250 Iraqi dinars, while the purchase price was 147,250 dinars per 100 US dollars. Views 46 Date Added 08/18/2021 https://economy-news.net/content.php?id=26025
A Big Jump In The Central Bank's Sales Of Hard Currency
Economie| 12:43 - 18/08/2021 Baghdad - Mawazine News The Central Bank of Iraq's sales of hard currency recorded, on Wednesday, a big jump, reaching about 250 million dollars.
Today, the Central Bank auction for the sale and purchase of foreign currencies witnessed a significant increase in its sales by 15.35% to reach 248 million and 425 thousand and 846 dollars.
The purchases amounting to 186 million and 265 thousand and 846 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 62 million and 160 thousand dollars went in cash.
36 banks responded to requests to enhance balances abroad, and 17 banks to meet cash requests, in addition to the participation of 20 exchange companies. https://www.mawazin.net/Details.aspx?jimare=164314
The Iraqi Stock Exchange Prevents The Execution Of Purchase Orders For The Benefit Of The Foreign Investor In 3 Joint-Stock Companies
Iraq Stock Exchange Market Economy News – Baghdad The management of the Iraq Stock Exchange decided not to allow the execution of purchase orders in favor of the foreign investor in 3 joint-stock companies, as of Wednesday's session, 08/18/2021 .
A document issued today, 08/18/2021 by the Iraq Stock Exchange, and addressed to the brokerage companies operating in the market, obtained by Al-Eqtisadi News, said that based on the follow-up between the Securities Commission and the Iraq Stock Exchange on Tuesday 17/8/2021, and based on the To follow up on the implementation of Article 12/Second of the amended Companies Law No. 21 of 1997 - Not executing any purchase orders for the foreign investor in the companies "Baghdad Soft Drinks, Dar Al Salam Insurance and Al Maamoura for Real Estate Investments ."
In accordance with Article 12 of the Companies Law above, the Iraqi shareholding in the joint-stock company has been set at 51% as a minimum, and the rest is in favor of foreign investors .
On the other hand, the director of the Iraq Stock Exchange, Taha Abdel Salam, told "Al-Iqtisad News", that the brokerage companies were informed in order to follow up with the Iraqi Stock Exchange and to disclose the reason for not receiving purchase orders for foreigners by the electronic system in compliance with Article 12 of the Companies Law No. 21 of 1997, as amended, for the purpose of understanding those dealing with companies . Views 215 Date Added 08/18/2021 https://economy-news.net/content.php?id=26028
Learn About The Weekly Trading Indicators For The Iraqi Stock Exchange
Stock Market Market Economy News – Baghdad The Iraq Stock Exchange (the Stock Exchange) organized during the third week of August 2021 four trading sessions from Sunday, 15/08/2021 to Wednesday, 07/18/2021.
The market will not organize a session tomorrow, Thursday, as it coincides with an official holiday.
During this week, the following indicators were achieved:
The number of shares traded during this week reached more than (3) billion shares.
The value of traded shares this week amounted to more than (5) billion dinars.
The market trading index closed for the first session of the week at (578.43) points, while the index closed at the end of the week at (548.42) points, achieving a decrease of (5.47%) compared to its closing in the first session.
During the week, more than (1600) contracts of buying and selling were executed on the shares of companies listed in the market. Views 17 Date Added 08/18/2021
https://economy-news.net/content.php?id=26037
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