More Iraqi News and Highlights Monday PM 8-17-20
More Iraqi News and Highlights Monday PM 8-17-20
TLM724 Administrator BondLady’s Corner
NINA / Publishes The Schedule Of Al-Kazemi's Visit To The United States
Monday 17, August 2020 14:41 | Political Views: 257 Baghdad / NINA / Prime Minister Mustafa Al-Kazemi will head to the American capital, Washington, at the head of a large ministerial delegation, tomorrow, Tuesday, August 18.
The delegation will include Defense Minister Jumah Anad, Foreign Minister Fuad Hussein, Oil Minister Ihsan Abdel Jabbar Ismail, Immigration Minister Evan Jabro, and Electricity Minister Majid Mahdi.
The Iraqi National News Agency publishes the schedule for the visit for Tuesday, August 18, and will be as follows:
- The delegation will arrive at 6 pm Washington time - 1 am Baghdad time.
- The reception ceremony will take place at Androa Military Base in the suburbs of Washington, DC, and there are supposed to be official reception ceremonies, but it will depend on the weather in Washington, as a rainstorm is expected.
On Wednesday, August 19:
- The second strategic dialogue between the two countries will be held at the headquarters of the US State Department in Washington, in the presence of US Secretary of State Mike Pompeo and his Iraqi counterpart Fouad Hussein, and it is expected that there will be a press conference for the two ministers.
- Meetings of the Chamber of Commerce will be held at the residence of the Prime Minister, and the Prime Minister will also deliver a speech.
As for the agenda for Thursday, August 20:
- Corona examination at the hotel at six in the morning, for the summit meeting between Presidents Donald Trump and Mustafa Al-Kazemi at the White House at two in the afternoon Washington time - nine in the evening Baghdad time.
- During the visit, files of bilateral relations between Iraq and the United States, issues of common interest, joint cooperation in the fields of security, energy, health, economy and investment, and ways to enhance them will be discussed, in addition to the file to address the Corona pandemic, and bilateral cooperation in a way that serves the common interests of the two countries. / End 5 https://ninanews.com/Website/News/Details?Key=850401
The Minister Of Labor Sets The Date For The Launch Of The Salaries Of The Social Protection Network
Money and business Economy News – Baghdad The Ministry of Labor and Social Affairs has set a date this week to address the Ministry of Finance in order to secure the full-time employee’s salary for next September, while the launch date for the salaries of the Social Protection Network has been set.
The Minister of Labor and Social Affairs, Adel Al-Rikabi said in a statement reported by the official Al-Sabah newspaper and followed by Al-Eqtisad News, that "the Ministry of Finance will be addressed in order to obtain the financial allocations for the full-time employee's salary for next September during the current week."
He added, "We hope that the procedures for this segment will be completed with the aim of distributing them on their monthly dates."
"The ministry is working to support the beneficiaries of the salaries of the Social Protection Network, by launching their salaries on time at the end of September or early October, due to the presence of prior coordination with the Ministry of Finance," Al-Rikabi added.
Number of observations 28 Date of addendum 08/17/2020 https://economy-news.net/content.php?id=21457
Al-Nasiri Identifies The Reasons For The Exit Of Hard Currency From Iraq And Suggests How To Preserve It
Economic and Banking Adviser Samir Al-Nasiri Money and business Economy News – Baghdad The economic and banking advisor, Samir al-Nusiri, confirmed, on Sunday, that hard currency in Iraq is still subject to leakage outside the country without return due to unplanned and uncontrolled imports of goods and consumer and unnecessary goods and of poor origin and outside the Iraqi standard specifications, revealing a set of proposals that would preserve the currency The difficult one that Iraq needs in the current crisis it is going through.
Al-Nusayri said in an interview with "Al-Eqtisad News", that "imports in every country are traded in hard currency, while in Iraq since 2003 until now, local production, which is the basis for determining imports, has not been supported," indicating that "import is complementary to local production and not As a substitute for it, but after the opening of the borders and markets, and the introduction of poor consumer products at low prices compared to the local product, due to the insecurity of raw materials and government support, this led to the exit of hard currency, mainly through private sector imports.
Al-Nusiri added, "The best solution to preserve hard currency is for the government to support local production and activate the laws to protect the local product and protect the consumer, which are laws that have been on the shelves for years and have not been activated," stressing the importance of providing raw materials and electricity to the factories and structuring government factories. And the participation of the private sector in its management. "
And he continued, "Iraq without local products comparable to the importer cannot maintain its hard currency as required," noting "the need for the government to address the structural imbalance in the economy, activate the productive sectors and address the deficit in non-oil revenue and the deficit in the balance of payments and the trade balance."
Al-Nusiri concluded his speech by saying: "We are a country. We do not have a clear economic approach. The private sector has not been involved in economic decision-making, which requires and must meet with government support."
Number of observations 90 Date of addendum 08/16/2020 https://economy-news.net/content.php?id=21455
Deputy Speaker Of Parliament Stresses The Need To Guarantee Legal And Financial Rights For "The Chosen Ones"
Monday 17, August 2020 16:34 | GeneralViews: 49 Baghdad / NINA / The First Deputy Speaker of Parliament, Hassan Karim Al-Kaabi, affirmed the necessity of launching a grant or a monthly financial reward to the chosen ones in exchange for the services they perform, whether for state departments or citizens.
Al-Kaabi said, during his meeting with representatives of the trustees of the (chosen) residential neighborhoods, to discuss the draft law of the chosen ones, that "the work of the mukhtars is of utmost importance in many security, social and service aspects, especially during the recent period and the outbreak of the Corona pandemic, where the chosen ones worked side by side with the health authorities." And awareness. "
He added, "More than 1600 mayors distributed in all districts and stores of Baghdad regions, among them 450 mayors were issued orders to install them by the province and receive an amount of 250 thousand dinars per month, while the rest did not include the rest and there is irregularity in the payment of their dues."
Al-Kaabi called on the relevant authorities to launch a grant or a monthly financial reward for the chosen ones in exchange for the services they perform, whether for state departments or for citizens, until the chosen law is amended, which will include all these details, as well as to accelerate the coordination of work between the state departments concerned with the information department and the chosen ones for the purpose of issuing cards housing. "
during the meeting , discussion of the draft selected law , which aims to regulate the chosen work and determine the point of association and the statement of rights and duties towards his work area and lend legal legitimacy to the actions carried out, as some touched on the importance of securing security protection for this segment ./ https://ninanews.com/Website/News/Details?Key=850420
In Numbers..Iraqi Market Trading Indicators For Securities On Monday
Editing date: 08/17/2020 15:20 • 51 read times
[Baghdad - Where] In numbers, indicators of trading in the Iraq Stock Exchange on Monday.
1- The number of listed companies: - 105 companies
2- The number of traded companies: - 34 companies
3- The number of traded shares reached (22,417,236,802) shares.
4- The value of shares (5,927,465,644) dinars.
5- The ISX 60 price index closed in today's session at (460.87) points, down by (0.43%) from its previous session's closing of (462.86) points.
6- Trading the shares of (34) companies out of (105) companies listed in the market.
7- The number of companies suspended by a decision of the Securities Commission for non-compliance with the instructions for financial disclosure is (23) companies.
8- The number of shares purchased from non-Iraqi investors in the regular market reached (45) million shares, at a value of (48) million dinars, through the implementation of (24) deals on shares of (3) companies.
9. The number of shares sold by non - Iraqi investors in the formal market (25) million shares valued at 63 million dinars through the implementation of (27) transactions on the shares of two companies .anthy 29/6 n
10-Hikma carried out mediation is amphidiarthrodial intended shares Trans-Iraq Bank Company with shares (1,636) billion shares and value (1,145) billion dinars through the implementation of one deal.
11-Elaf Brokerage Company executed a corresponding intended order on the shares of the Elaf Islamic Bank Company, with a number of shares (19.956) billion shares and a value of (3,991) billion dinars, through the implementation of (4) deals. http://www.alliraqnews.com/modules/news/article.php?storyid=98321
Minister Of Planning: Food Prices Are Witnessing A Clear Stability .. And We Are Continuing To Monitor The Movement Of Markets
Economy Monday 17 August 2020 | 01:54 PM| Views: 49 Baghdad / .. Minister of Planning Khaled Battal Al-Najm confirmed that foodstuff prices are witnessing clear stability.
The ministry said in a statement received by "Eye of Iraq News" that "Minister of Planning Khaled Battal Al-Najm chaired today, Monday, a meeting of the Food and Social Security Team to confront the Corona pandemic."
The minister stressed during the meeting, that "the Iraqi markets are witnessing a clear stability in the abundance and prices of foodstuffs," indicating that "the rates of prices rose at the beginning of the outbreak of the epidemic by 6%, while expectations indicated that the rise would exceed the barrier of (40%)."
He added that "the prices of vegetables recorded a decrease in their prices during the month of June by (10%) compared to the month of May," noting that "the committee continues to monitor the movement of markets and the levels of scarcity and abundance of foodstuffs, and to take appropriate measures to address any imbalance that the markets may encounter," They revealed the work on formulating a real strategy to achieve self-sufficiency and food security in the country by supporting agriculture and moving industry, and providing an appropriate environment for the work of the private sector. "End 4 https://aynaliraqnews.com/index.php?aa=news&id22=137478
Economic Expert, "Al-Ahd News": The Controls Of The Currency Window Do Not Have The Necessary Degrees Of Transparency
Author: Ahad6 On 8/17/2020 - 1:30 PM 85 The economist, Salam Sumaisem, promised that the controls of the currency window do not have the necessary degrees of transparency to follow the country's actual need for import.
"This matter raises great questions about the credibility of opening credits related to imports through the Ministry of Trade, and why the regulatory authorities do not track those processes," she told Al-Ahd News.
She added, "It is not known what is the role of the money laundering department in the central bank in following up on these issues, indicating that one of the causes of the problem is that the banking leaders within the central bank cannot be excluded and other considerations of quotas." LINK
Economist: The Government Must Use The Exchange Rate Of The Dollar To Overcome The Financial Crisis
08:50 - 17/08/2020 Information / private The economic expert, Wissam Al-Tamimi, stressed the need to exploit the dollar exchange rate in government banks to maximize budget resources and contribute to overcoming the financial crisis, pointing out that selling millions of dollars a day enters the state huge sums after increasing the exchange rate.
Al-Timi said to / the information /, that "the dollar exchange rate witnessed stability 6 months ago from today, but it rose slightly, and this increase came after the emergence of the financial crisis in the country due to the decline in oil prices."
He added that "the increase in the exchange rate in government banks contributes to eliminating the current crisis and maximizes state resources, at a time when Iraq needs to make a boom in the banking sector."
And that "many countries depend on the banking sector to invest, achieve revenues, build budgets, launch loans and achieve benefits from them to provide the government with the necessary sums to provide the salaries of its employees." 25 n https://www.almaalomah.com/2020/08/17/490306/
Agreement Between Baghdad And Erbil On Oil Policy And Debts, And Standardization Of Port Procedures
POSTED ON 2020-08-17 BY SOTALIRAQ Prime Minister Mustafa Al-Kazemi discussed, on Saturday evening, with the President of the Kurdistan Regional Government, Masrour Barzani, the outstanding issues between Baghdad and Erbil. According to a statement by the region’s prime minister, “The Prime Minister of Kurdistan, Masrour Barzani, during a phone call with Federal Prime Minister Mustafa Al-Kazemi,
He stressed that the Iraqi constitution should be the basis for resolving all existing disputes or any agreement reached, taking into account the specificity of the Kurdistan region and the general interest of the Iraqi people. The two sides also indicated, according to the statement, to "move forward in the negotiations and the results achieved in the past months that the delegations of the two parties fought."
The two sides affirmed that, "on the basis of these understandings and to resolve the issue of those who receive salaries in the region, and based on the current financial situation in Iraq, it was decided that Baghdad would send an amount of 320 billion dinars as part of the salaries to the Kurdistan region as soon as possible."
He also stressed "the continuation of negotiations with the aim of resolving all outstanding problems."
The agreement to send the amount sparked an argument in the political corridors and on social networks as well.
On the other hand, a senior source in the Kurdistan Regional Government revealed information about the agreement. The source said, in a press statement, that "the last meeting that took place between representatives of the Kurdistan region and representatives of the federal government reached the approval of the regional government to unify procedures in all border crossings and customs in the outlets located within the administrative borders of the region, to be in conformity with customs procedures in all Iraqi ports."
The source, who was briefed on the course of the last meeting, added that "the two parties agreed to collect the imports of the region's outlets in accordance with the Federal Financial Management Law."
According to the source, "It has also been agreed to unify import instructions regarding the materials permitted to be imported and the materials prohibited from import to protect the national product, and a regulation in this regard will be unified that all border outlets adhere to."
With regard to oil policy, the two parties agreed, according to the source, to "adhere to the rates specified for Iraq in accordance with the OPEC + agreement, as the two parties are obligated to control production according to the agreement."
The issue of the region’s debts was also discussed, and it was agreed to set a timetable to start paying the region’s debts in favor of the Trade Bank of Iraq (TBI). As for the region’s previous debt file, the Erbil government is obligated to provide any additional information required to ensure final treatments for this file are put in place.
He continued, "The agreement between the two parties will be under the supervision of a committee formed by representatives of the two parties to ensure the implementation of all that has been agreed upon." LINK
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