More Iraqi News Friday PM 11-19-21
More Iraqi News Friday PM 11-19-21
TLM724 Administrator BondLady’s Corner
An Economist To / Nina /: The Poverty Rate Has Jumped To 31.7 Percent, After It Was 23 Percent Three Years Ago
Friday 19 November 2021 10:44 | economic Number of readings: 474 Baghdad / NINA / - The expert on the economy, Malaz Al-Amin, warned of the continuing high rate of poverty in the country, stressing the establishment of governmental measures to limit this phenomenon.
Al-Amin said in a statement to the National Iraqi News Agency ( NINA ) that "the rise in the poverty rate in the country to 31.7 percent, after it was 23 percent three years ago, requires the government to take practical measures to reduce it, especially since Iraq is a country rich in resources with the increase in its financial revenues derived from the export of oil after That the global markets witnessed a rise in the price of a barrel to above $70.
He pointed out: "The justifications given about the reasons for the high percentage of the poor, including those that are due to the Corona virus, were not completely true, indicating that the virus caused the global and local economy to decline, but the developed countries adopted measures that would help the poor classes and provide them with the means of living. As vaccinations against the virus continue.
He stressed that "the government has taken measures to combat poverty, but these measures, according to the report of the Ministry of Planning, were not sufficient, as the poverty rate rose from 23 percent to 31.7 percent, which means that nearly 10 million citizens, who make up a third of Iraq's population, are poor in their country, which floats on lakes of gold. Black."/ https://ninanews.com/Website/News/Details?Key=939940
Between Iraq And Turkey.. The Minister Of Trade Announces New Procedures For The Entry Of Investors And Businessmen
Economie| 12:50 - 19/11/2021 Baghdad - Mawazine News, Minister of Commerce, Alaa Al-Jubouri, announced, on Friday, new procedures for the entry of investors and businessmen between Iraq and Turkey.
In a speech during his attendance at the Turkish-Iraqi Business Forum for Investments and Contracting, currently held in Istanbul, Minister al-Jubouri stressed, according to a statement by the ministry, "the importance of returning to alliances and joint economic and regional blocs as they contribute to the stability of the region," noting that "there is a problem in investing resources and the importance of return." smart investment.
The minister also stressed "the importance of the forum in supporting clean industries," explaining that "the Iraqi government has prepared a plan for coordination and solving all existing problems."
He explained, "The meeting today comes with the aim of providing support to the Iraqi and Turkish private sectors, through the participation of the relevant government agencies, to raise the level of trade exchange between the two countries and to incorporate real economic partnerships, in addition to offerings of available investment opportunities of common interest to both countries."
The minister pointed out that "Iraq hopes that this forum will have an active role to serve the interests of the two countries," inviting Turkish companies to participate in the reconstruction of the damaged cities in Iraq, and to invest in the projects available to them, noting that "Turkish companies and Turkish businessmen have experience." And the potential in this area, especially since Turkey is one of the developed countries in the industrial and agricultural sectors, housing, roads, bridges and services that Iraq can benefit from.”
He pointed out that "through this participation, Iraq seeks to combine efforts towards achieving the desired goals of establishing this forum," noting that "the Iraqi government has recently begun to pass several laws in the interest of the private sector to advance the commercial, industrial and investment sectors between the two countries, especially since the volume of The trade exchange between the two countries amounted during the past five years, in 2016 approximately 10 billion dollars, in 2017 approximately 12 billion dollars, in 2018 approximately 12 billion dollars, in 2019 approximately 12 billion dollars, and in 2020 approximately 18 billion dollars, While it amounted to about $9 billion in 2021 until last September, despite the global economic conditions that were negatively affected by the Corona pandemic.
The Minister of Commerce concluded his speech by saying that he would like to take this opportunity to renew his greetings to all the attendees and officials who contributed to organizing the forum, in particular the Turkish Minister of Trade, Mehmet Muş, for his kind hospitality, wishing to adopt social concepts as it contributes to increasing trade exchange between the two countries.
https://www.mawazin.net/Details.aspx?jimare=175545
Thousands Of Protesters Who Reject The Election Results Demonstrate Near The Green Zone In Central Baghdad
Political | 02:31 - 19/11/2021 Baghdad - Mawazine News Thousands of protesters, who reject the election results, demonstrated today, Friday, in front of the gates of the Green Zone in central Baghdad.
And the correspondent of Mawazine News stated that "thousands of demonstrators who refuse to manipulate the voter's vote organized mass protests in front of the gates of the Green Zone, near the two-story bridge in the Jadriya area and in front of the Ministry of Planning, in the center of the capital, Baghdad, to demand accountability for those involved in manipulating the election results."
Our correspondent added, "The protesters came from various provinces to participate in the mass sit-ins, demanding manual counting and announcing the real results of the elections," they said.
https://www.mawazin.net/Details.aspx?jimare=175556
A Significant Drop In Oil Prices .. Brent Drops More Than 3.5 Percent
Economie| 04:03 - 19/11/2021 Follow - Mawazine News
Oil prices fell, on Friday, significantly, with the increase in cases of the emerging coronavirus in Europe, amid fears that demand for crude would be affected.
US West Texas Intermediate crude futures fell 3.35% to $76.36 a barrel.
Meanwhile, Brent crude futures fell 3.51% to $78.39 a barrel, according to Bloomberg data.
Reuters indicated that a new increase in Covid-19 cases in Europe threatened to slow the pace of economic recovery. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=175563
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