More Iraqi News Friday PM 7-30-21
More Iraqi News Friday PM 7-30-21
TLM724 Administrator BondLady’s Corner
The Increase In The Wealth Of The Iraqi Individual..And This Is His Share Of The GDP
economy Iraqi per capita income 2021-07-27 23:21 Shafaq News/ The Swiss Credit Suisse Bank revealed, on Wednesday, that the size of the Iraqi individual's wealth amounted to more than 14 thousand dollars until 2020, and his share of the domestic product amounted to more than 8 thousand dollars.
According to the Global Wealth Report for the year 2021 issued by the Swiss Bank Credit Suisse and seen by Shafak News Agency, "the wealth of the Iraqi individual rose from 2,808 thousand dollars in 2000 to 14,506 thousand dollars in 2020, that is, it jumped by 416.6 percent during two decades,
while it reached The total wealth in Iraq is 308 billion dollars, which constituted 0.07 percent of the total wealth in the world in 2020, and the per capita GDP reached 8,204 thousand dollars.
According to the Credit Suisse report, "Switzerland was ranked as the richest country in the world in terms of average wealth per capita of nearly $674,000, and the United States came in second place, with an average per capita wealth of $505.42 thousand."
Hong Kong ranked third in the list, with a wealth of 503.34 thousand dollars for each person, Australia came fourth with an average of 483,760 thousand dollars, while the Netherlands came in fifth place with an average wealth per capita of 377.09 thousand dollars per person, Denmark came sixth with an average of 376 thousand dollars, and Belgium came seventh An average of $351,000.
In the Arab world, Qatar came first in terms of average wealth per capita, with an average of 146.73 thousand dollars, followed by the UAE with an average of 115,476 thousand dollars per person, and Bahrain ranked third with 87,559 thousand dollars per person.
The Credit Suisse report measures average individual wealth based on per capita GDP, stock market indices, stock and asset prices, the exchange rate, and real estate prices. LINK
The United Nations Pays $600 Million To A Kuwaiti Oil Company In Compensation For The Invasion Of Iraq
2021.07.27 - 17:10 Baghdad – people A United Nations committee paid $600 million to the Kuwait National Oil Company, today, Tuesday, in compensation for Iraq's invasion and occupation of Kuwait three decades ago.
The United Nations Compensation Commission said it has paid governments and international organizations so far $51.3 billion since the approval of 1.5 million claims related to Iraq's invasion of Kuwait.
KPC succeeded in claiming $14.7 billion in oil production and sales losses resulting from damage to the country's oil fields during the 1990-1991 invasion and occupation that led to the US-led "Gulf War".
The company is the only remaining claimant, and expects to receive another $1.1 billion.
Under the UN Security Council resolution issued in 1991, Iraq allocated a percentage of its oil export revenues to the Compensation Fund, and the committee indicated that this share is currently set at 3%.
At the current payment rate, the last installment is expected to be paid within a year. "RT+AP"
https://nasnews.com/view.php?cat=66058
Al-Qaim Idps Prefer To Invest In The Kurdistan Region
community Investments IDPs in Kurdistan 2021-07-30 11:07 Shafaq News/ The mayor of al-Qaim border district with Syria in western Anbar province, Ahmad Jadian confirmed today, Friday, that a number of displaced merchants invested their money in Kurdistan Region instead of investing in the judiciary as a result of the security that the region enjoys.
Jidian told Shafaq News Agency, "There are many families who preferred to stay in the governorates of Kurdistan Region and the rest of Iraq's cities for many reasons, including providing job opportunities, and fear of mutual targeting between the international coalition forces and the factions near the (Iraqi - Syrian) borders."
He added, "There are those who have bought and settled housing homes in the Kurdistan Region, in addition to the great development enjoyed by the provinces of the region, which they have not witnessed in Al-Qaim, and this is one of the main reasons that prompted families to stay in Kurdistan."
Jadian indicated, "The majority of the families that have not returned to Al-Qaim so far are employees in different sectors of government departments, especially educational cadres, as there are 812 educational cadres (teachers and teachers) who are still in Kurdistan, especially the governorates of Erbil and Sulaymaniyah,
and they have been appointed in the Education Representation in the region, and this has greatly affected the education sector in Al-Qaim.”
And he continued, "Their salaries are received and spent in Kurdistan, while if they were in Al-Qaim, it would have helped activate something of the educational and economic movement."
Gadian added, saying: That "the majority of capital owners and major merchants are from the sons of Al-Qaim, until this moment they have not returned to the judiciary, and as is rumored in Al-Qaim (cowardly capitals), they prefer to invest in the region instead of the Qaim, and the province's districts for fear of loss." https://shafaq.com/ar/مجتـمع/نازحو-القا-م-يفضلون-الاستثمار-في-قليم-كوردستان
The Owners Of Local Factories Are Closing The Doors... An Influential Class Of Importers Is Flooding The Market With Importers
2021/07/26 10:20 The number of readings 313 Section: File and Analysis
Baghdad / Obelisk: Social networking sites circulated a video clip of a factory owner in Najaf complaining about his stopping and the emigration of workers to him, citing the reasons for this due to the government's lack of sponsorship of the local industry sector, as well as competition from the importer.
And the Iraqi local industries became unable to compete with the imported products, which stopped the local factories.
And the Iraqi industry is the most prominent victim of the deliberate sabotage of the Iraqi economy by continuing to import from abroad, which is one of the most important outlets for corruption and looting of public money.
The last example of the failure of industry in Iraq is the National Textile Factory for the production of carpets in Najaf Governorate. On Saturday, July 24, 2021, it announced the suspension of the factory and the layoff of its workers because it was unable to compete with imported goods after reducing the value of customs. The plant employs about 30-40 workers and employees.
Iraqis commented: Supporting the national industry is a national duty for everyone, government, people and politicians... And fighting national industry is no less dangerous than terrorism.
A member of the House of Representatives for the Economy Committee, Nada Shaker Jawdat, said, earlier, that successive governments since 2003 have been working in favor of the imported product, noting that these corrupt personalities have turned the Iraqi people into one of the most consuming nations.
Observers revealed that some political figures own companies and factories outside Iraq and deal with Iraq as a market to market their corrupt products.
Experts in the Iraqi economy warned of the danger of the Iraqi market's dependence on importing its needs at a high rate from foreign countries, stressing that Iraq lost 180 billion dollars in the past years due to foreign imports.
The Iraqi private sector is growing slowly, due to the lack of awareness of its importance on the one hand, and the policy of some influential investors who resort to the policy of dumping on the other.
Among the most prominent challenges facing the local product is the class of importers who have large capital, and who tend to flood the market with imported materials at cheap prices because the production is supported by neighboring countries, or because the product is expired or near completion.
The economic advisor to the Prime Minister, Mazhar Muhammad Salih, says that Iraqi merchants are importing cheap goods, especially Chinese ones, and this trend among Iraqi importers and traders emerged after the siege in 1990 and continued after 2003 until now. Obelisk
https://almasalah.com/ar/news/212735/مالكو-المصانع-المحلية-يغلقون-الأبواب--طبقة-مستوردين-متنفذة-تغرق-السوق-بالمستورد
The Bank Announces The Establishment Of A Course Of Stress Testing And Scenario Analysis
July 28, 2021 Iraqi Central Bank Announces / Center for Banking Studies that will establish a supplementary training course entitled "stress tests Stress Testing and analysis of scenarios" ( second level ) of the Rafidain Bank for a period of (Saturday 14/08/2021 until Tuesday , 08.17.2021).
1- Training period:- (4) days (16) hours, starting from 9:00 in the morning until 1:00 in the evening.
2- The method of holding the course: - E-training via the ZOOM electronic platform .
3- Certificate of Participation: The participant is granted a certificate of participation issued by the Central Bank of Iraq.
4- Language of the course: Arabic.
5- Registration method: - The name of the triple candidate, his job position, his e-mail and a phone number that contains WhatsApp .
Note that the subscription fees (160,000) dinars (one hundred and sixty thousand dinars) for each participant, we are authorized to deduct them from your account (in Iraqi dinars) opened with this bank, and in the absence of an account, payment is made in cash. We kindly ask you to send your nominations to the e-mail of the Center for Banking Studies ( bsc@cbi.iq ), with the nomination letters sent by the official mail before the start of the course in an appropriate period.
For inquiries, call the Banking Studies Center number 07822246055
» To view the list of names... Click here https://cbi.iq/static/uploads/up/file-162746995031870.pdf
https://cbi.iq/news/view/1785
The Bank Announces The Establishment Of A Course For Analyzing Financial Market Indicators For The Period 31/8/29-2021
July 28, 2021 The Central Bank of Iraq / Center for Banking Studies announces the establishment of a training course entitled ( Analysis of financial market indicators ) for all governmental and private banks for the period from 29-2021/8/31, as detailed below:
1- Target group: All employees whose work is related to the above course topic.
2- Duration of training:- (3) days (15) hours, starting from 9:00 in the morning until 12:00 in the afternoon
3- The method of holding the course: - Remote electronic training via the ZOOM electronic platform .
4- Certificate of Participation: The participant is granted a certificate of participation issued by the Central Bank of Iraq.
5- Language of the course:- Arabic language
6- How to register: - The name of the triple candidate, his job position, his email and a phone number that contains WhatsApp .
Note that the subscription fees (120,000) dinars (one hundred and twenty thousand) for one participant, we are authorized to deduct it from your account (in dinars) opened with this bank, and in the absence of an account, the payment is made in cash. We kindly ask you to send your nominations to the e-mail of the Center for Banking Studies ( bsc@cbi.iq ), with the nomination letters sent by official mail and before the start of the course. https://cbi.iq/news/view/1781
The Bank announces the establishment of the asset and property cycle in accordance with International Standard No. (16) and Standard of Impairment of Fixed Assets No. (36) for the period 26/8/22-2021
July 28, 2021
The Central Bank of Iraq / Center for Banking Studies announces the establishment of a training course entitled ( Assets and Property in accordance with International Standard No. (16) and Standard of Depreciation of Fixed Assets No. (36) ) for all government and private banks for the period from 22/8/26-2021, as detailed in Below:-
1- Target group: All employees whose work is related to the above course topic.
2- Duration of training:- (5) days (20) hours, starting from 9:00 in the morning until 1:00 in the evening
3- The method of holding the course: - Remote electronic training via the ZOOM electronic platform.
4- Certificate of Participation: The participant is granted a certificate of participation issued by the Central Bank of Iraq.
5- Language of the course:- Arabic language
6- How to register: - The name of the triple candidate, his job position, his email and a phone number that contains WhatsApp.
Note that the subscription fees are (200,000) dinars (two hundred thousand dinars) for one participant, we are authorized to deduct them from your account (in dinars) opened with this bank, and in the absence of an account, the payment is made in cash. We kindly ask you to send your nominations to the e-mail of the Center for Banking Studies ( bsc@cbi.iq ), with the nomination letters sent by official mail and before the start of the course. https://cbi.iq/news/view/1782
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