More Iraqi News Monday Afternoon 9-5-22
More Iraqi News Monday Afternoon 9-5-22
Tlm724 Administrator Bondlady’s Corner
Economist: The Iraqi economy is exposed to a major catastrophe as a result of financial confusion
Monday 05 September 2022 11:04 | Economic Number of readings: 331 Baghdad / NINA / - The expert in economic affairs, Salam Sumaisem, warned of an economic disaster that would hit the country as a result of the delay in approving the federal budget for two consecutive years.
Sumaisem said in a statement to the National Iraqi News Agency / Nina /: “The current crisis suggests that there is a loss of financial authority in the country and nothing is continuous,” indicating: “The delay or absence of a budget for two years, leads to the absence of control over public expenditures, as there are many outlets.” to waste this money."
She indicated: "The government authorities are trying to ensure the provision of employee salaries, while the Central Bank, on the other hand, is trying to proceed with the currency auction, as the governor stated yesterday, as the only one that provides local cash against the dollar to pay state expenses, salaries and wages," noting that this is an unfair equation. It is productive and involves the depletion of Iraq's resources," warning of a major catastrophe hitting the Iraqi economy as a result of the confusion in the country. / End 8 https://ninanews.com/Website/News/Details?Key=998336
Al-Sadr: Keep Up The Reform
Today, Monday, the leader of the Sadrist movement, Muqtada al-Sadr, affirmed the continuation of reform.
Al-Sadr said, in a tweet to him, "Continue to reform, no matter what."
He added, "I and my companions are neither easterners nor westerners, and he (Ibn al-Dua'i) will not rule over us, whoever he is." https://www.radionawa.com/all-detail.aspx?jimare=31047
Ports On A Date Next Year With The Transition To 100% Electronic Digitization
Monday 05 September 2022 16:51 | Economic Number of readings: 136 Basra / NINA / - The Director General of Iraq Ports, Engineer Farhan Al-Fartousi, announced that the year 2023 will be the year of the transformation of ports to 100% electronic digitization.
Al-Fartousi said in a statement: The company is proceeding with the implementation of Resolution 90 of 2020 related to the implementation of the Great Welcome Square with an area of one and a half million square meters, pointing out that the first phase of it will be 500,000 square meters and will be entered into work during the next two months.
He added that this project coincides with the electronic transformation, which is considered the turning point in the work of ports, noting that an integrated platform will be provided for all operating agencies from customs, border ports and other supporting bodies, including health and agricultural./ End
https://ninanews.com/Website/News/Details?key=998410
Central Banks Participate In The Manufacture Of Modern Financial Technologies
Banks Economy News _ Baghdad Today, Monday, the Arab Monetary Fund announced the launch of a training course directed to the cadres working in central banks, under the title (Regulatory Frameworks and Legislations for the Industry of Modern Financial Technologies).
A statement by the Fund, received by "Al-Iqtisad News", stated that "the course will continue until the eighth of this month, and is also directed to those concerned with issues of modern financial technology and staff working in capital market authorities and stock exchanges and ministries of finance who are specialized in issues of modern financial technology."
He added, "It aims to deepen the participants' understanding of the regulatory framework for the modern financial technology industry, as well as discussing many axes, the most important of which is building an incubating environment and effective national strategies for modern financial technologies and blockchain technologies."
The course reviews some different aspects of regulating modern financial technology activities, such as regulating open financing activities, alternative financing, encrypted financial assets and digital contracts, digital financial services consumer protection frameworks, cyber safety, data protection frameworks and customer information privacy, and electronic KYC rules to combat laundering. Funds and financing of the cuticle.
It will also shed light on digital regulatory and supervisory solutions to support the regulatory and supervisory authorities in regulating this industry. 46 . views Added 09/05/2022 - 11:46 AM Update 09/05/2022 - 7:07 PM https://economy-news.net/content.php?id=29571
The Minister Of Oil Reveals The Results Of The “OPEC +” Meeting
Political | 05:54 - 05/09/2022 Baghdad - Mawazine News Oil Minister Ihsan Abdul-Jabbar Ismail revealed, today, Monday, the results of the OPEC Plus meeting.
After his participation in the (OPEC +) ministerial meeting, via the electronic platform, in a statement received / Mawazine News / a copy of it, Ismail said, "(OPEC +) is keen to achieve more stability for global markets, and work to restore balance between supply and demand, through dealing with reality with the circumstances and factors affecting it.
He added, "The oil-producing countries decided in their meeting today to reduce the production level of the countries participating in the agreement by the amount of (100 thousand barrels) per day, starting from the month of October, after the changes that the oil markets witnessed recently."
He continued, "The meeting included a review and discussion of technical reports and recommendations for developments in the oil market, influencing factors, and expectations during the coming months," noting "the importance of the collective agreement in addressing the variables and challenges facing the oil market."
The statement stated that "the meeting was attended by the Iraqi side, the Undersecretary of the Ministry of Oil for Liquidation and Distribution Affairs, Hamid Younis, and the Director General of the Oil Marketing Company, Alaa Al-Yasiri, and a number of officials in the ministry and SOMO." Ended 29 / h
https://www.mawazin.net/Details.aspx?jimare=204590
Finance Issues Orders To Designate This Tranche
Politica l| 01:28 - 05/09/2022 Baghdad - Mawazine News, today, Monday, the Ministry of Finance issued orders appointing the first batch of political dismissals within the Food Security Law.
And the Ministry’s media office said in a statement received by Mawazine News that, “Based on the directives of the Minister of Finance, Ihsan Abdul-Jabbar Agency, the Ministry of Finance issued today, Monday, orders to appoint the first batch of political dismissals, as the Director-General of the Administrative and Financial Department Hassan Salman Al-Makoutar signed orders to appoint 80 employees as a first batch of political dismissals, based on the Emergency Support Law for Food Security and Development No. 2 of 2022 after the financial allocation is available.
The Ministry of Finance confirmed that it is "continuing to implement the paragraphs of the Emergency Support Law for Food Security and Development and is working to complete all administrative and financial procedures for the purpose of issuing subsequent meals to those covered by the political separation after the financial allocation for the purpose of their appointment is available." Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=204563
Iraq.. Starting Construction Of Two New Oil And Gas Tankers
Economie Today, 11:14 Baghdad - conscious - Nassar al-Hajj The Iraqi Oil Tankers Company, one of the formations of the Ministry of Oil, announced today, Monday, the size of its fleet, and while it indicated to start building two new tankers, it indicated to go to build others for gas.
The company's general manager, Ali Qais, told the Iraqi News Agency (INA):
"The Iraqi Oil Tanker Company ( LOTC ) is a government company specialized in transporting crude oil and oil derivatives.
It was established in 1972, after the Iraqi government realized its importance in the presence of economic feasibility by increasing the country's financial imports from Transporting crude oil across the seas with a national fleet and considering it an important link within the integrated oil industry.
Qais added, "The company owned not a small number of oil tankers of different tonnages, which are (Rumaila, Kirkuk, Ain Zala, Khanaqin, Jambour, Baba Karkar, Bazkan, Tariq Ibn Ziyad, Al-Mutanabi, Qadisiyah, Yarmouk, Al-Farahidi, Amoriyah, Hittin, Al-Mustansiriya, the eternal and the dignified.
He continued, "As for the small tonnage that specializes in supplying tankers with fuel (the bunker), they are four tankers."
He pointed out that "the company owns four tankers with a tonnage of 10-13,000 tons, namely (Baghdad, Tigris, Shatt Al-Arab and the Euphrates), and work has begun to build two tankers with a tonnage of 30,000 tons, namely (Sumer and confirmed).
He pointed out that "the company's vision is to continue working to achieve advanced steps in the field of transporting crude oil and oil products through the company's aspiration to own a fleet of tankers with different tonnages, as we are the only carrier that complements the oil industries."
He noted that "the company's strategy is to continue owning tankers with different tonnages for transporting crude oil and oil products,
working on building LPG tankers, expanding the activity of ship fuel (Al-Bunker), and proceeding with obtaining any new certificates issued by maritime organizations related to maritime work and
continuous training of maritime and administrative cadres in The company has provided it with stable cadres with high expertise in the maritime field.”
Regarding the ministry’s plans, Qais said:
“The ministry is working on restoring the company’s fleet, as a contract was signed to build two oil tankers with a tonnage of 30,000 tons, work on building two other tankers, and purchase oil tankers of different tonnage, as well as training its cadres and providing support in all fields, and
there is follow-up by the Minister Ihsan Abdul-Jabbar directly, and the agent for extraction affairs, Karim Hattab, will follow up on the work of the tankers and overcome all difficulties to return the work of the company for which it was founded, which is the transportation of crude oil and petroleum products.
https://www.ina.iq/164804--.html
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