More Iraqi News Iraqi News Monday PM 3-15-21
More Iraqi News Iraqi News Monday PM 3-15-21
TLM724 Administrator BondLady’s Corner
Iraq Is Fourth In The Arab World In Possession Of Gold
Monday 15th March 2021 79 Capitals: agencies Iraq ranked fourth in the Arab world in terms of its possession of 96.4 thousand tons of gold by the end of January of 2021, according to data announced by the World Gold Council.
The Kingdom of Saudi Arabia topped the ranking of Arab countries in possessing gold, as the Kingdom ranked first in the list of the largest Arab countries with the highest gold balance by 323.1 tons, followed by Lebanon with 286.8 tons, and Algeria with 173.6 tons.
The total holdings of central banks around the world of gold reached 35.24 thousand tons, and the United States of America topped the list with 8.13 thousand tons, followed by Germany with 3.36 thousand tons.
The following infographic, based on data from the World Gold Council, shows the ranking of Arab countries in possessing gold. LINK
Private Banks: Bank Loans Increased By 15.5% During 2020
Economie| 10:54 - 15/03/2021 Baghdad - Mawazine News The Iraqi Private Banks Association announced, on Monday, that the percentage of loans provided by banks to citizens and companies increased by 15.5% during the year 2020 compared to 2019.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, said in a statement that Mawazine News received a copy of it. , "This rise is due to the recent policy of the Central Bank of Iraq, which increased various lending products and contributed to supporting banks and increasing the credit portfolio."
Tariq added, "Despite the difficult circumstances that Iraq went through during the past year, as a result of the financial crisis and the complete closure of the country due to the Corona virus, which affected economic and commercial activity, the banking indicators increased compared to previous years."
He pointed out that "the capital of banks increased during the past year, by 8.5%, to become 16.76 trillion dinars, and it is due to some banks increasing their capital as well as opening new banks, noting that most of the growth in banks' capital was in private banks."
And Tariq stated, "The deposits of the banking sector increased by 3.13% to 84.75 trillion dinars, after it was 82.1 trillion dinars in the year 2019, and this growth is simple due to the crises that affected the economic situation throughout the country during the past year."
He stressed that "the pledge credit, grew by about 2%, as it became 25.77 trillion dinars, and this limited growth is due to the decrease in the establishment of new projects in the country."
He noted that "the cash credit provided by banks to citizens increased by 15.5%, as it increased from 42 trillion dinars in the year 2019 to 49.75 trillion dinars in the year 2020, and this increase is due to the policy of the Central Bank of Iraq recently and the initiatives it launched in recent months, which contributed to Banks increase lending to citizens and projects. "
He pointed out that "the bad debts of citizens rose by 6.47% to become 4.43 trillion dinars, which is a very large number owed by borrowers to the banking sector."
Tariq concluded his speech by saying, "The increase in bad debt growth may force banks to impose more measures in exchange for granting the loan, which is a very worrying indicator that affects the work of the development banking sector." Ended 29 / https://www.mawazin.net/Details.aspx?jimare=145594
Iraqi Ports Open Bids To Build 8 Maritime Vessels And Modernize Their Fleet
Money and business conomy News _ Baghdad The General Company for Iraqi Ports announced, on Monday, that it has opened tenders to build 8 marine vessels and modernize the fleet of trucks, rigs and boats in cooperation with the Japanese Loan Authority, noting that about 95% of the project to develop the gates and road of Umm Qasr port has been completed to regulate the entry and exit of trucks.
The General Director of the Iraq Ports Company, Farhan Muhaisen Al-Fartousi, said in an interview with the official newspaper, that "the Japanese loan authority affiliated to the General Company for Iraqi Ports has opened bids to build marine vessels with three tugboats of different capacities with five multi-purpose boats within the authority's projects and according to the mechanism of work of the Japanese International Cooperation Agency." - JICA, and the modernization of the company's fleet of excavators, haulers and other boats to keep pace with the expansion in the work of the ports, and to accommodate the ships coming and leaving. "
Al-Fartousi indicated that "the percentage of completion of the project to develop the gate and road of the northern and southern ports of Umm Qasr has reached 95 percent at a cost of 26 billion dinars, and the length of the road extending to the port gate is approximately 4 km, in addition to expanding the road with a width of 16 meters with the establishment of three entrances linked to three Modern electronic main gates, which are K9, sonar, emergency gate, and advanced surveillance cameras.
He explained that "the project contributes to the flow of trucks to and from Umm Qasr port, and to increase the capacity for their passage, while keeping pace with the development and the expected increase in trade exchange."
Al-Fartousi pointed out that "the northern entrance to Umm Qasr port witnessed the implementation of a campaign to lift the violations for the purpose of expanding and establishing an emergency road to accommodate specialized cargo." He added that " The number of observations is 203, date of addendum 3/15/2021 https://economy-news.net/content.php?id=24457
Al-Kazemi: We Opened Up To All Regional And International Powers, Which Created A Positive Impression About Iraq, Its Political Stability, And The Great Historical Opportunities For It / Expanded.
Monday 15, March 2021 15:59 | PoliticalViews: 161 Baghdad / NINA / Prime Minister Mustafa Al-Kazemi said, "We opened up towards all regional and international powers, which created a positive impression about Iraq, its political stability, and the great historical opportunities for it."
Al-Kazemi said during his visit today, Monday, to the headquarters of the Ministry of Foreign Affairs: "I thank the brothers in the Ministry of Foreign Affairs who were unidentified soldiers who played an important role in the success of the visit of His Holiness to Iraq."
He added, "It was agreed that soft power must run its course. The weapons that Iraq possessed did not lead it to anything but destruction, futile wars and hostilities."
He continued: "Diplomacy and dialogue are the real power to protect people and keep away from wars. It is our only opportunity to get out of the cycle of conflicts, and the alternative to it is nothing but the madness of wars and the devastation that this country has suffered from for decades."
He stressed that effective diplomacy requires a great effort on various parties, and this is the role of our embassies, diplomats and international organizations, and the activation of various tools and means of dialogue that guarantee the country's interests and direct it towards permanent solutions.
He pointed out that today in our society, unfortunately, we see continuous phenomena from the buried Baath era until after 2003, the phenomenon of the militarization of society and the armed phenomena. We leave this stage and diplomacy is the solution to dealing with problems.
And he stated: "We are in the Iraqi situation facing complex and complex crises of political, economic, social and cultural dimensions, and we must make the most of our international relations and international support to help overcome them and mitigate many of the effects of the circumstances that Iraq has gone through."
He continued: "We must all create a unified national discourse, from which we proceed to a broader dialogue at the regional level to secure the interests of our people and regional peace and stability, indicating that we have succeeded in developing active diplomacy during the period of this government, as we activated the strategic dialogue with the United States, and we moved towards focusing on Economic, diplomatic and cultural cooperation, and we succeeded in reducing the number of foreign forces by sixty percent. "
He pointed out that Iraqi diplomacy also helped Iraq out of the economic crisis, as the Economic Communication Group was formed at our invitation, which stood by Iraq in its economic crisis and is still providing support for us in the path of economic reform and the implementation of the White Paper.
He said that we were open to all regional and international powers, which created a positive impression about Iraq, its political stability, and great historical opportunities for it, and the visit of His Holiness, the Pope, came within these efforts, to provide great moral support to Iraq, and a message to everyone that Iraq is an environment for the convergence of religions and civilizations, and that it transcends the ordeal of war and destruction. Caused by ISIS, and that the Iraqi people are a peace-loving people who are proud of their religious, social and political diversity.
He noted: "We have several memoranda of understanding and agreements that we have worked on during this period with all our Arab, Iranian and Turkish neighbors, despite all the differences between these forces, and we have put forward the idea of the new East and are working to implement them through the creation of broad common interests between Iraq, Jordan and Egypt, that will To create a prosperous economic zone from which all powers in the region benefit and in which Iraq plays a major role.
He said, "We have various relations with the Kingdom of Saudi Arabia and all other Gulf countries, and are proceeding with several investments in various agricultural, industrial and energy sectors, indicating that we have completed the railway linkage agreement between Iraq and Iran, which will link Iraq with northern China and create wide economic opportunities for it."
He called on political and societal forces to read models of success among other peoples, to see how Rwanda transformed from one of the worst experiences of ethnic cleansing to a prosperous country in the continent of Africa, and how South Africa succeeded in crossing from one of the worst experiences of racism to a successful country by applying a correct approach to transitional justice, as well as Singapore, the Balkan Peninsula, and other major conflict areas in the world.
He explained: "There are great potentials for building peace and creating new opportunities for all peoples of the region, and Iraq must take an active role in this path, and you in the Iraqi diplomatic apparatus are the soldiers of this comprehensive and lasting peace for us and for all the peoples of the region."
He concluded his visit by saying: “You are at the various levels of your work, whether at the Ministry’s headquarters in Baghdad or in our embassies abroad.
https://ninanews.com/Website/News/Details?Key=893560
Talabani: Discussions To Form A Federal Oil Marketing Company That Includes The Kurdistan Region
Monday 15, March 2021 12:55 | EconomicalViews: 366 Baghdad / NINA / The Vice President of the Kurdistan Regional Government, Qubad Talabani, revealed the latest developments in the agreement with the federal government regarding the region’s share in the 2021 budget, while clarifying the issue of the region’s agreement with Turkey on oil.
Talabani said in a statement, "We have a prior agreement with the Iraqi government, and this agreement was included in the draft budget, after which the entire project was sent to the Iraqi parliament, pointing to discussions with the Finance Committee in the House of Representatives in this regard.
" "Which was included in the draft budget by the federal government, and as a result the law must be implemented by the federal government and the regional government."
He continued: "We have also stressed repeatedly that to direct the economic and financial situation of the federal government towards the right path, the law must be implementable, and in this regard we consider that the text that we agreed upon with the Iraqi government is the best text that can be implemented by the two governments."
And on the accusation of the region of pledging its oil to Turkey for a period of 50 years, Talabani stressed, "There is no truth to what is said about selling the region's oil for a period of 50 years to Turkey, and all that exists is an agreement to transport and market oil across Turkish territory, as is the case with the federal government like this agreement." .
He explained, "In the discussions with the Federal Minister of Oil, we requested the establishment of a federal marketing company that includes all components and that within this formation will be representatives of the region in the event that the region’s oil is marketed through the SOMO company. /
https://ninanews.com/Website/News/Details?key=893520
General Electric Of America Gets A Contract To Rehabilitate A Crutch Station In Anbar
Economy Monday, March 15, 2021 | 01:31 PM| Views: 108 The mayor of Al-Qaim district in Anbar province, Ahmed Al-Mahlawi, confirmed, on Monday, that the American General Electric Company is the implementing agency for the reconstruction and rehabilitation project of the crutch power station, not the Iraqi company echo stars .
Al-Mahlawi said, "The company executing the project for the reconstruction, rehabilitation and operation of the Akkas power station in Al-Qaim district, west of Anbar, is the American Electric Company and the implementation is through the Iraqi company Echo Stars ."
He added that "the American General Electric Company has agreed with the Ministry of Electricity to supply all equipment and supplies for the reconstruction and rehabilitation of the crutch power station from America, while the Iraqi Echo Stars Company carries out non-major operations and adheres to the procedures of the American company, indicating that" the equipment to operate the station is American-made . "
It is noteworthy that the American public companies in Anbar depend on assigning work to Iraqi companies in a move that seeks to obtain huge financial profits, given that these companies have a strong influence in the mechanism of obtaining investment opportunities from the central government.
https://aynaliraqnews.com/index.php?aa=news&id22=145034
Legal Clarifying The Mechanism For Recovering Smuggled Money
Author: Ahad5 On 3/15/2021 - 1:09 PM 54 On Monday, the legal expert, Ali Al-Tamimi, explained how Iraq recovered the frozen funds belonging to the buried regime, as well as the smuggled money.
Al-Tamimi said in a statement that Al-Ahed News received a copy of, that “the best international move to retrieve the money smuggled abroad, which is estimated at 500 billion dollars, can be through the money laundering agreement for the year 2005 and signed by Iraq in 2007 with the help of these countries, as well as with cooperation through Washington according to Article 28 of the Iraqi-American Agreement of 2008 ”.
He added, "Iraq can recover its money as well, according to Article 50 of the United Nations Charter, which affirms the right of countries fighting organizations placed under Chapter VII of the United Nations Charter to request the assistance of the United Nations, and Iraq was fighting ISIS subject under Chapter VII under Resolution 2170 of 2014."
https://alahadnews.net/173505/%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82/%d8%a7%d9%84%d8%b3%d9%8a%d8%a7%d8%b3%d9%8a%d8%a9/
In Cooperation With The United Nations Development Program ... The Minister Of Planning Announces The Launch Of The Consultations For The Second Report On Sustainable Development
The Minister of Planning, Dr. Khaled Battal Al-Najm, announced today, Monday (March 15, 2021), the launch of the national consultations on the preparation of the second voluntary report on sustainable development, which Iraq will present during its participation in the high-level political forum of the United Nations during the month of July.
In his opening speech to the consultations, the minister said that Iraq aspires, with the support of international partners represented by the United Nations Development Program, ESCWA, and local partners among stakeholders, to present a national report, through which a true picture of the national efforts to achieve the goals of sustainable development can be drawn, within Vision 2030,
pointing out that there are great challenges facing the goals of achieving development, including the existence of severe development gaps and societal fragility, as a result of the country being affected by the Corona pandemic and the drop in oil prices, which led to high indicators of poverty and unemployment,
as well as the displaced who are still facing difficult conditions, revealing On the Ministry's completion of preparing the responsive document to address the repercussions of the pandemic and the economic problems that accompanied the spread of the epidemic, and the impact of the youthful societal movement that Iraq witnessed during the years 2019 and 2020, stressing the hard work in order to achieve human development that is the basis for sustainable development, and how to manage these resources, in order toWe are able to meet the challenges facing development.
For her part, the resident representative of the United Nations Development Program in Iraq, Zeina Ali Ahmed, praised the level of commitment shown by Iraq to achieve the sustainable development goals, noting that there is great cooperation between the Ministry of Planning and the Development Program, regarding the preparation of the second voluntary report, which will represent a good opportunity for Iraq. To draw the attention of the international community to the challenges facing development, as a result of the country being affected by different circumstances.
And participate in these consultations, representatives of local governments, the private sector, civil society and university professors, in seven governorates, namely, Baghdad, Nineveh, Basra, Dhi Qar, Sulaymaniyah and Anbar. And the holy Karbala. https://www.radionawa.com/all-detail.aspx?jimare=23907
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