More Iraqi News Late Sunday PM 10-10-21
More Iraqi News Late Sunday PM 10-10-21
TLM724 Administrator BondLady’s Corner
An Economist For Nina: Optimism About Oil Prices Is Misplaced
Saturday 09 October 2021 12:02 | Economic Number of readings: 748
Baghdad / NINA / - The specialist in economic affairs, Durgham Muhammad Ali, confirmed: "The optimism of some analysts about the continuation of the rise in oil prices, towards a price exceeding 150 dollars, is misplaced."
He said in a statement to the National Iraqi News Agency / NINA / that "the policy of balancing between supply and demand will tilt in favor of supply after the increase in production, which will enter after a period of time under pressure from oil-consuming countries."
Muhammad Ali explained: "The current oil prices are low compared to the prices before 2014, when they exceeded 140 dollars per barrel," noting:
"The portrayal of current oil prices from oil-consuming countries as high, is an attempt to push the OPEC + countries to increase production and reduce prices.".
And he pointed out: “The producing countries have not, so far, compensated for the losses of the Corona pandemic, which plunged prices to record levels, and that they are shackled by loans and a decline in cash reserves that need to be repaid and treated by taking advantage of the relative growth of these prices.”
And the economist continued: "The global economic growth rates will decline if the price of a barrel exceeds 100 dollars, which will reduce the demand for oil again, meaning that the chances of permanent growth in oil prices are a difficult hypothesis to achieve."
He called on the preparers of the 2022 budget to take into account the adoption of balanced oil prices in the next budget. /End 8 https://ninanews.com/Website/News/Details?key=931833
Trade Announces Its Support For Investment Companies In The Country
Saturday, October 9, 2021 7:05 PM Baghdad/National News Center Today, Saturday, the Ministry of Commerce announced its support for investment companies in the country, while revealing a plan to facilitate the registration of companies and the payment of fees.
A spokesman for the Ministry of Commerce, Muhammad Hanoun, told the official agency, followed by the “National News Center”, that “the Ministry of Commerce, through the issuance of import licenses and the work of the Companies Registrar Department, was able to provide and facilitate transparent and clear procedures to assist investors and help businessmen and foreign companies to obtain licenses for these companies. Whether it is public or private, or branches of international investment companies in Baghdad and the provinces.
Hannoun added, "The ministry is currently working on the automation system and facilitating the task of auditors for the Companies Registrar Department and the General Company for Exhibitions and Commercial Services, and a few days ago an agreement was reached with an electronic payment company in order to help these companies pay through the use of electronic technologies," noting that "the Ministry It facilitated a lot of revisions and the deadly routine that was happening in previous years.”
He stressed, "These measures contributed significantly to easing the burden on investment companies to obtain opportunities inside Iraq, as well as import licenses for materials entering Iraq through border gates and outlets."
On the ministry’s plan to provide construction materials for housing projects, Hanoun said, “The Ministry of Commerce worked to support the General Company for Trade in Construction Materials, one of its formations, by providing facilities to obtain construction materials involved in construction and reconstruction.”
He pointed out that "the company currently has contracts for materials that enter into ceramics and others that enter into iron in order to compete with the local market and provide support to citizens and companies involved in the construction and reconstruction process,"
noting that "the ministry was facing problems from entering materials that do not conform to the controls and at very cheap prices, which forced The citizen has to buy them, even though working with these materials causes major problems, especially those related to construction and reconstruction.”
He pointed out that "the Iraqi local market is currently open, and the entry of materials in this qualitative quantity causes future problems related to sobriety, but what makes the company compete in the coming days is the sobriety of the materials it imports, as well as its subjection to the standardization and quality control device and the adoption of Iraqi controls in import operations."
Regarding the import of foodstuffs, Hanoun said, “The Ministry of Agriculture is concerned with the agricultural calendar, while the Ministry of Trade is concerned with drawing up trade policy and it has the right to interfere in the issue of foodstuffs entering Iraq, but the Law of the Ministry of Agriculture allowed it to prepare the agricultural calendar and therefore it is the one who sets the policies related to the import of foodstuffs and materials related to the needs of the citizen.”
He stressed, "The necessity of forming a governmental committee that will take upon itself the setting of the agricultural calendar and the materials included in it, as well as drawing up the commercial policy on the issue of importing foodstuffs," noting that "the Ministry of Commerce sees the necessity of importing foodstuffs and setting special controls in import operations to allow the national product to exist." very large in the local market.
He stressed, "This presence should be determined by specific and clear controls that allow the national facility to have a large presence and take its role in the process of meeting the citizen's need for foodstuffs," noting that
"what is currently happening is stopping many materials and preventing them from entering the local market because of National Product Support Mechanisms.
And he continued, "The Ministry of Commerce also sees that product support is a necessity and a goal, and it is one of the policies adopted by the ministry, but it is also the citizen's right to have his needs and special requirements provided within controls imposed on the importer while preventing him from competing with the national product by defining private and public frameworks.". https://nnciraq.com/92616/
Privatization Of Unemployment
Saturday 09 October 2021 143 Thamer Al-Haims There is no doubt that privatization has its legal texts that protect and frame it, so that it has the first position in employment in general, not employment, which it will leave to the Service Council and the owners’ movement, on which the influential and some of the first lucky ones are betting.
And because the executive body is flabby, and less than a quarter of it is sufficient to manage government work, the first concern of the Service Council is to address quality, not quantity, and this is one of the most important matters.
In order for the council to be qualified for this, it is necessary to reduce the weight resulting from the non-fundamentalist employment priorities, (normal to special degrees), and this is done through constructive privatization, and not by promoting economic distortions that have disrupted 90% of private sector factories and projects for reasons that are not understood or Acceptable, according to the standards of the market economy, and even according to the laws of the public sector to which the private sector was a tributary or integrated with it, whether through the mixed sector or from the private laboratories.
Thus, the infection included the public and mixed sectors, which are facing the rogue import sector, and the confrontation is done intentionally for the three sectors, as private factories still pay income tax, profession, renewal fees for industrial development identities, the Federation of Industries, social security contributions and statements fees, as well as rent and extinction allowances, and the cost of electricity for those He dares and runs his lab.
As for the mixed sector, it does not protect its public and private brothers. Neither the public sector sponsors it nor the private sector because it has not resolved the problem of unemployment through privatizing the public sector, for legal reasons that require parliamentary impetus for legislation commensurate with early retirement of projects, which were thwarted by commercial privatization, which achieved record numbers on Account of the Iraqi labor of the three sectors.
In order to wean employment from the desire and the only hope of working in the public sector, it is necessary first to implement in a practical, positive and creative way the imposition of a new social security law, for everyone who joins under its tent, if we know that the causes and operating factors in the public sector are known cause and effect, as embodied in the Conference Recovering Iraq’s money, for the smuggled money is the result of incomprehensible economic, moral and legal reasons, and by returning it we understand the reasons, as the projects on paper, and even half or tenths of the projects did not work in the fight against unemployment, because the medicine is known and incantations and electoral programs do not benefit it.
In safe international havens, we should bet on it strategically and make it a matter of Iraqi, regional and international public opinion, to resolve and privatize unemployment, so that we can open our projects without stumbling blocks and let our national product shine with pure Iraqi decisions.
https://alsabaah.iq/55769/خصخصة-البطالة
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