More Iraqi News and Highlights Saturday PM 8-15-20
More Iraqi News and Highlights Saturday PM 8-15-20
TLM724 Administrator BondLady’s Corner
Al-Rafidain Directs Citizens To Review Its Branches To Pay Loan Installments After The Corona Deadline Expires
Banks Economy News _ Baghdad Al-Rafidain Bank directed citizens, on Saturday, to review the bank’s branches in Baghdad and the governorates to pay them with monthly installments for loans and financial facilities that were granted to them.
The bank’s media office said in a statement, which Al-Iktissad News received a copy of, that “the bank had previously announced the postponement of the collection of private sector loans to citizens due to the Corona virus and the repercussions that accompanied this crisis financially and economically.”
He pointed out that "after the end of the grace period, citizens must return to paying their owed monthly installments of the installments they owe."
The bank also directed all its branches to follow up and urge customers to re-pay the monthly installments of loans.
He explained that the necessary administrative measures have been taken for those who default from the monthly installments of the loans.
Number of observations 31 Date of addendum 08/15/2020 https://economy-news.net/content.php?id=21435
Qatar Is The Richest Country In The World, Burundi Is Bottom And Iraq Ranked 82nd
Reports Economy News _ Baghdad The "Global Finance" magazine, which is specialized in classifying the countries of the world, revealed that Qatar ranked first in the world in the richest countries in the world, while Burundi was ranked 82nd among these countries.
The magazine said in a report published on its website for the year 2020 and seen by "Al-Eqtisad News", that "Qatar ranked first out of the 191 countries listed in the list of the richest countries in the world, where the per capita income of GDP reached 132,886 dollars, followed by Macau and an income of 114,363 dollars." ,
Followed by Luxembourg with an income of 108.951 dollars, followed by Singapore ranked fourth, "noting that" the country of Burundi in Africa is among the top countries, where the per capita income of GDP reached 727 dollars, it is preceded by the Central African Republic and the Democratic Republic of the Congo, respectively. "
And she added that "Iraq ranked 82nd in the world in the richest countries in the world and the seventh in the Arab world, preceded by Qatar, the UAE, Kuwait, Saudi Arabia, Bahrain and Oman."
She pointed out that "the gross domestic product of a country is the total of all goods and services that a country produces within one year, and therefore it is assumed that the richest countries are exactly the ones that have the largest GDP, such as the United States, China, Japan, Germany, but these Countries have a large population density, and therefore the per capita income will be low compared to other countries such as Qatar and Luxembourg, which have less population. " Number of observations 18 Date of addendum https://economy-news.net/content.php?id=21434
Punitive MP: Paying The Region’s Salaries From Southern Oil Revenues Is The Largest Fraud And Fraud Witnessed In Iraq
Saturday 15, August 2020 13:55 | PoliticalViews: 138 Baghdad ( NINA ) MP Hussein Al-Aqabi considered that paying the region’s salaries from the revenues of South Oil is the biggest "fraud and fraud" in Iraq.
Al-Aqabi said in a tweet on "Twitter": "When we criticize the Kurdistan region, what is definitely concerned is the authority, not the people."
He added, "If the salaries of the region’s employees, who account for 23% of Iraq's employees, are paid from the revenues of the oil in the south and the border crossings in it, then to whom do the revenues of the ports and oil in the region go?"
He continued, "I am confident that it is the largest fraud and fraud witnessed in modern Iraq." / End 10
http://ninanews.com/Website/News/Details?Key=849972
The Parliament Presidency Receives A Written Request For The Signatures Of 100 Deputies To Hold An Extraordinary Session To Complete The Election Law
Saturday 15, August 2020 16:05 | PoliticalViews: 155 Baghdad / NINA / The corridors of the House of Representatives are witnessing an intense movement to resume the holding of regular sessions in attendance after a forced suspension of more than two months due to the outbreak of the Corona pandemic.
The head of the Rafidain bloc, Representative Yonadam Kanna, confirmed, in a statement to the Iraqi National News Agency / NINA /, that "the Presidency of Parliament has received a written request accompanied by the signatures of 100 deputies to hold an extraordinary session regarding the completion of the annex to the electoral districts distribution in the election law, with another invitation within the same request, to complete Federal Court Law. "
He added, "The parliamentary request was delivered via a closed WhatsApp group for the representatives, heads of blocs and the presidency of the parliament," suggesting that the Presidency of the House of Representatives will call for an extraordinary session to discuss the election law and the Federal Court early next month.
He explained that "there are intense contacts with the Presidency of Parliament to reach assurances that the special sessions will be held, as well as the presence of another parliamentary request signed by 83 deputies to resume the regular sessions in general."
The House of Representatives held its last session on (June 24, 2020), in which it voted on a draft law on domestic and external borrowing to finance the fiscal deficit for the year 2020, and it is the first session after the official announcement of the registration of Corona injuries among the deputies. / End 5
http://ninanews.com/Website/News/Details?key=850001
Parliamentary Finance: The Minister Of Finance Is Not Cooperating, And We Will Host Him After Resuming Parliament Sessions
Saturday 15, August 2020 17:04 | EconomicalViews: 49 Baghdad / NINA / The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, affirmed that the Finance Minister did not cooperate with the legislative authority, indicating that "the committee will host him in the parliament building after resuming the council's sessions." Suspect
He said in a press statement: "The government works as it wants as if it has all legislative and executive powers, and is not interested in the lack of the general budget."
Al-Saffar added, "The Minister of Finance is not cooperative and works as he pleases and does not care about Parliament and the Parliamentary Finance Committee, taking advantage of the non-convening of the sessions and the absence of the oversight role of the House of Representatives."
He pointed out, "The Finance Committee holds frequent meetings every week via the electronic platform or online, and requested to host the Minister of Finance, Ali Allawi, agents and officials in the ministry, but they did not attend or respond to our request."
He stated, "The committee asked the minister to send a short budget in order to have a legal framework for spending expenditures, but he did not respond to us," stressing that "the committee does not know what the government is doing, considering that the monitoring role is zero."
He noted, "The committee will host the Minister of Finance in the Parliament building after resuming the parliament sessions, but some members of the committee insisted on questioning the minister for not cooperating with the existence of administrative and financial irregularities by the government and the ministry." / End 7 http://ninanews.com/Website/News/Details?key=850008
The Kurdistan Islamic Union Warns Of An Explosion Of Public Anger In The Region As A Result Of The Accumulation Of Corruption And Crises
Saturday 15, August 2020 13:45 | PoliticalViews: 110 Sulaymaniyah / NINA / The Kurdistan Islamic Union has warned the Kurdistan Regional Government against an explosion of public anger as a result of it leaving crises without any solutions, especially its inability to provide salaries for employees and combat the Corona epidemic.
The Executive Council of the Islamic Union issued its statement about the current conditions in the region, confirming that the situation in the region and the outbreak of Corona, resulting from the state of neglect of prevention and lack of treatment supplies, and confusion in managing the situation, especially in Erbil, is a source of regret, and the regional government cannot remain idle.
He is not concerned about the lives of the citizens, adding that the living conditions of the employees, the delay in the payment of salaries, the stopping of the market movement, the indifference, and the absence of the government program, have become at levels threatening an explosion of anger, as a result of worries, hunger and loss of hope, especially what exposes the region to risks, and the authority cannot And the political elite will be unable to find solutions to what is happening.
The statement pointed to the neglect of the comprehensive reform process, the uprooting of corruption from its roots, the lack of transparency with regard to oil revenues and border crossings, and preoccupation with secondary issues in addition to the presence of reluctance in dealing with the outstanding problems with Baghdad. http://ninanews.com/Website/News/Details?Key=849971
Economist For / NINA /: The Decline In The Central Bank’s Monetary Reserve From 83 Trillion Dinars To 80 Trillion Is A Setback For The Iraqi Monetary Policy
Saturday 15, August 2020 09:54 | EconomicalViews: 160 Baghdad / NINA / Economist Raad Twig counted, managing the currency window of the Central Bank of Iraq is largely decentralized and may be far from building a sound monetary policy, stressing that the decline in cash reserves from 83 trillion dinars to 80 trillion dinars is a setback for policy Cash.
Twig said in a statement to the Iraqi National News Agency / NINA/: "The procedures of the currency window are sometimes not commensurate with the need of the Iraqi economy and with the shrinking volume of the Iraqi economy’s activity, it was necessary to audit through the currency window commensurate with the contraction of the local and international economy.
Therefore, the decline in cash reserves this month from 83 trillion dinars to 80 trillion dinars is a setback for monetary policy, so it is time to replace the currency window with more rational, rational and controlling methods of controlling international monetary reserves at the Central Bank of Iraq. "
The economic expert also called for a change in the board of directors of the Central Bank to bring about radical changes in the management of the Central Bank of Iraq and to bypass the current crisis by introducing new and more specialized competencies to update the monetary policies of the Central Bank of Iraq, especially after the European Union sanctions against Iraq on charges of money laundering. ttp://ninanews.com/Website/News/Details?key=849901
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