Iraqi News Wednesday AM 9-1-21
Iraqi News Wednesday AM 9-1-21
TLM724 Administrator BondLady’s Corner
The Minister Of Finance Discusses The Most Important Requirements Of The Items To Be Included In The 2022 Budget
political| 06:13 - 01/09/2021 Baghdad - Mawazine News On Wednesday, the Government Media Cell announced that Finance Minister Ali Abdul Amir Allawi chaired the twenty-first session of the budget strategy preparation committee for the years 2022-2024.
The cell stated in a statement received by Mawazine News, a copy of it, that the Minister of Finance discussed in today's session the most important Requirements for items to be included in the 2022 budget, submitted by the Undersecretary, and an estimate of their costs in light of applicable laws and legislation.
According to the statement, Allawi stressed the necessity of stabilizing spending ceilings at safe levels; To ensure an optimal implementation of the budget’s paragraphs and items, smoothly and with high accuracy, in addition to mobilizing financial resources and directing them towards achieving comprehensive economic development.
The statement added that the meeting witnessed the completion of the research and follow-up of the proposed federal budget model for the next year, and the study of the mechanisms for its application in accordance with the requirements of the current economic reality, and in line with the adoptions of the financial reform process related to aspects of spending and public financial management, as well as a discussion of the file for determining and programming spending ceilings by the Ministry of Finance. Finance and discuss its extent.
The meeting was attended by the head of the General Authority for Monitoring the Allocation of Federal Imports, the Undersecretary of the Ministry of Finance, the Prime Minister's advisors, the ministry's advisors, and the general directors of the ministry and related ministries. Ended 29/R77
https://www.mawazin.net/Details.aspx?jimare=165881
The Central Bank's Sales Of Hard Currency Fell To 223 Million Dollars
Economie| 02:17 - 01/09/2021 Baghdad - Mawazine News, the Central Bank of Iraq's sales of hard currency fell, on Wednesday, to 223 million dollars, after it reached, on Tuesday, 238 million and 930 thousand and 627 dollars.
Today, the Central Bank auction for the sale and purchase of hard currency witnessed a decrease in its sales by 6.3% to reach 223 million and 786 thousand and 534 dollars.
The purchases amounting to 179 million and 546 thousand and 534 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 44 million and 240 thousand dollars went in cash. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=165857
The Decline In The Exchange Rates Of The Dollar In The Local Markets
Economie| 10:52 - 01/09/2021 Baghdad - Mawazine News, the dollar exchange rates fell, on Wednesday, in the main stock exchange and local markets in the capital, Baghdad.
Today, the dollar exchange rate on the Central Kifah Stock Exchange in Baghdad was 147,200 dinars, for each $100 bill.
The prices of buying and selling the dollar in exchange companies and local markets in Baghdad were relatively stable, with the selling price reaching 147,750 dinars, for each $100 bill, while the purchase prices were 146750 dinars for each $100 bill. https://www.mawazin.net/Details.aspx?jimare=165828
The Iraqi Stock Exchange Announces The Implementation Of 8767 Transactions During The Month Of August
Iraq Stock Exchange Market Economy News – Baghdad The Iraqi Stock Exchange announced that more than 141 billion shares were traded during the month of August, with a value of 113 billion dinars, through 8767 transactions .
The market said, in its monthly report, that "Economy News" obtained a copy of it, "The Iraqi Stock Exchange organized 21 trading sessions, in which the number of traded shares amounted to more than (141) billion shares, with a value of 113 billion dinars," noting that the number of executed deals It reached (8767) deals .
He confirmed that the ISX60 market index of stock prices traded in the last session of the month of August closed at (594) points, and it closed in the last session of the month of July at 575 points, achieving an increase of (3.2 %).
The trading of foreigners in a number of joint stock companies is considered an influential element in the trends of the Iraq Stock Exchange index, as it has important percentages in a number of joint stock companies .
According to the report, the market management asked brokerage companies to stop buying for foreigners in three joint-stock companies: Baghdad soft drinks, Al Mamoura Real Estate and Dar Al Salam Insurance, in compliance with Companies Law No. 21 of 1997 and its amendments / Article 12 of it, which affected the value of the index .
The report confirmed that the traded stock price index returned to rise from the 24/8/2021 session due to activity in the demand for purchase in other companies, including Iraqi banks, specifically the Bank of Baghdad, after the issuance of the approval of the Central Bank of Iraq to purchase one of the investment portfolios in this bank . Views 182 Date Added 09/01/2021 https://economy-news.net/content.php?id=26159
Foreign Minister: Iraq Has Moved To The Stage Of Economic Cooperation And Partnerships
Money and business Economy News _ Baghdad Foreign Minister Fouad Hussein discussed with his Austrian counterpart Iraq's active role in bringing the views of the neighboring countries closer to resolving some problems of common interest, and moving from the stage of differences to the stage of economic cooperation and partnerships in a way that serves security and stability in Iraq and the region.
And the Foreign Ministry said in a statement received by "Economy News", that "Foreign Minister Fouad Hussein met his Austrian counterpart Alexander Schallenberg in the capital, Vienna, to discuss ways of strengthening bilateral relations between the two friendly countries. cooperation to eliminate terrorism and restore security and stability to the region.
He Aleban that "Hussein and Chalnberg also discussed the Iraqi government 's efforts and its diplomacy quiet holding Baghdad conference for cooperation and partnership , which was held in 08.28.2021, which confirmed the participants to support Iraq politically, economically and security, and non - interference in its internal affairs.
And the price of the Minister The important and pioneering role of Iraqi diplomacy in the region and the importance of the continuity of this role for security and joint action in the region. He stressed that Austria also within the European Union strongly supports this role.
Hussein stressed that "Iraq's foreign policy is based on balance in its relations with its external environment, and Iraq was able to establish The platform and tools for dialogue, and Baghdad has turned into a center for communication and positive interaction,”noting that “the government is making all efforts to develop the economy and multiply financial resources through revitalizing the agriculture, industry and tourism sectors.”
The two sides also discussed holding the upcoming Iraqi elections under international and European monitoring, and the need for cooperation and exchange of experiences in the security field to confront ISIS terrorist cells in Iraq. They also discussed the issue of migration and Iraqi immigrants and the Iraqi government's measures in this aspect.
Minister Hussein expressed Iraq's keenness on bilateral cooperation for the benefit of the peoples of the two friendly countries, in addition to strengthening coordination mechanisms and political consultation on regional and international issues of common concern, and resuming the meetings of the Iraqi-Austrian joint committee as a framework for activating bilateral cooperation between Baghdad and Vienna.
He also valued Austria's supportive stances for Iraq in various fields, including: within the framework of the international and humanitarian coalition, and their contribution to the reconstruction of liberated cities, calling for the reopening of the Austrian embassy in Baghdad.
For his part, Austrian Foreign Minister Alexander Schallenberg expressed his country's aspiration to strengthen bilateral relations with Iraq and achieve a qualitative leap in cooperation between the two countries, expressing his country's readiness to support Iraq in achieving security, stability and reconstruction. Views 154 Date Added 09/01/2021 https://economy-news.net/content.php?id=26156
The Central Bank Announces The Success Of Its Initiative To Solve The Housing Problem
Banks Economy News – Baghdad The Central Bank of Iraq announced the success of its housing initiative, which developed quick solutions to the housing crisis, noting that the (Iraq Marshall Project) provided job opportunities for women and restarted factories.
Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, said, "The bank launched two initiatives related to housing, the first with 5 trillion dinars and the other with one trillion dinars, for a total of 6 trillion dinars," according to "conscious."
He added that "the first initiative is through the real estate bank to buy housing units in or outside the complexes, in addition to the second initiative in the Housing Fund to finance the construction of housing units by the public, which witnessed a wide demand for it."
He pointed out that "the housing initiative is considered one of the most successful initiatives because it has absorbed the housing problem," noting that "the housing initiative, which extends to 20 years without benefits, except for a simple commission."
He continued, "We launched one trillion for private banks to meet the various demands of the public, including housing, in addition to initiatives for the agricultural and industrial sectors," explaining that "since 2015 until now, this initiative has enhanced liquidity and given opportunities to the public to compensate for government jobs through financing, investments and employment."
Al-Yasiri stressed that "the Iraq Marshall Project gave hope for the employment and empowerment of women and the re-run of the factories," noting that "the project is large and is still ongoing."
And about the reserves of the Central Bank, the Deputy Governor of the Central Bank stated, "The Central Bank's reserves of hard currency have so far reached 60 billion dollars."
Views 190 Date Added 09/01/2021 https://economy-news.net/content.php?id=26154
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