More Iraqi News Monday PM 5-31-21
More Iraqi News Monday PM 5-31-21
TLM724 Administrator BondLady’s Corner
A Slight Rise In The Dollar And The Central Bank Sells 195 Million
Time: 05/31/2021 11:23:39 Read: 2,717 times {Economist: Al Furat News} The exchange rate of the dollar in local markets rose slightly on Monday.
The exchange rate on the Baghdad Stock Exchange this morning was 1493 dinars per dollar, or 149 thousand and 300 dinars per hundred dollars. While it rose on the Basra Stock Exchange to 1494 dinars, and in Erbil, 1492 dinars.
As for the auction sales of the operation in the Central Bank of Iraq, it reached today, Monday, 195 million and 50 thousand and 387 dollars, of which the total sale was for the purposes of strengthening the assets abroad {remittances, credits} 162 thousand, 650 thousand and 387 dollars, while the total cash sale was 32 million and 400 one thousand dollars. LINK
The Agenda For The Tuesday Session Of The House Of Representatives
Sunday, May 30, 2021 7:48 PM Baghdad / National News Center The media department of the House of Representatives published today, Sunday, the agenda of the Tuesday session.
The department stated in a statement received by the "National News Center", that the table contains several paragraphs, including "voting on the draft law on ratification of the air transport agreement between Iraq and Saudi Arabia, voting on the proposal for a law to protect the human rights employee, and voting on the proposed law of sports clubs."
She also added, "The first reading of the draft law dealing with the period of receipt of requests stipulated in Law No. (163) for the year 2016, the first amendment to the law on the return of documents bearing pseudonyms for migrants and immigrants No. (79) for the year 2012."
In addition to "the first reading of the draft law on the twenty-first amendment to the Ownership Law No. 25 of 1960, the first reading of the draft Financial Statements Approval Bill for the year 2014, and the first reading of the draft Law on Statistics and Geographic Information Systems." https://nnciraq.com/67047/
Barzani: Iraq Has An Opportunity To Be One Of The Most Advanced Countries In The Region, On Condition
Time: 05/31/2021 14:05:01 Read: 2,288 times {Politics: Euphrates News} The President of the Kurdistan Regional Government, Masrour Barzani, said today, Monday, that "Iraq is a country rich in human and natural resources, and it has an opportunity to be one of the most advanced countries in the region if there is good governance and good management."
Barzani expressed during his meeting today with Basra Governor Asaad Al-Eidani in his office in Erbil, "the full readiness of the Kurdistan region to cooperate and coordinate with Basra Governorate and all other Iraqi provinces."
For his part, Al-Eidani said during the meeting, which was attended by a member of Parliament, Aras Habib Karim, that Basra has benefited greatly from the successful experience of the Kurdistan region in rebuilding and providing services, adding that the allegations accusing the region of developing itself at the expense of Basra and the other governorates are untrue. According to the statement.
The governor of Basra stressed the need for the Iraqi government to be federal and not central, and stressed the importance of the region and other Iraqi governorates genuinely participating in power management and the decision-making process, and said, "Iraq cannot be governed centrally." LINK
Mr. Ammar Al-Hakim Stresses The Importance Of Focusing More On The Economy And Services In Relations With America
Time: 05/31/2021 12:46:42 Read: 1,989 times
{Politics: Al Furat News} The head of the National State Forces Alliance, Mr. Ammar Al-Hakim, stressed the importance of developing bilateral relations between Iraq and the United States.
A statement of his office, the Euphrates News Agency received a copy of, stated that Mr. Ammar al-Hakim received the US ambassador in Baghdad, Matthew Toller, and discussed "bilateral relations between Baghdad and Washington and ways to strengthen them, hold early elections at their specified time, and provide electoral security and international oversight to ensure their transparency."
And Mr. Ammar al-Hakim stated that "Iraq pays attention to its foreign relations out of common interests and respect for its sovereignty," stressing "the importance of developing relations between Iraq and the United States and the importance of focusing more on the economic and service side."
He also stressed "the necessity of holding early elections on time, while preparing the requirements and conditions for their success, foremost among which is electoral security, so that their outputs express the aspirations and desires of citizens." LINK
Demands To Revive The Stalled Factories And Factories
Monday May 31, 2021 100 Baghdad: Farah Al-Khafaf At a time when the Ministry of Industry and Minerals is working to operate the petrochemical plant in Basra, two industrial experts emphasized the importance of reviving the stalled factories and factories and establishing industrial cities, while criticizing the establishment of some industrial cities in remote areas.
The specialist in industrial affairs, Aqeel Al-Saadi, said: {The establishment of industrial cities is an important step, which will serve many parties, including those with investments, industrialists and craftsmen.
Al-Saadi criticized the quest to establish industrial cities near the borders of some neighboring countries, indicating that this would not serve the Iraqi industrial, indicating that this requires the provision of integrated services of electricity, water and infrastructure, while there are integrated industrial cities in Baghdad and other suspended governorates.
He stressed {the importance of reviving the stalled factories and factories, and heading to establish integrated cities or complexes in all governorates, according to the nature of the raw materials in each governorate}.
Iraqi product
Al-Saadi warned against {the presence of dumping the Iraqi markets with imported goods and products that come from all countries of the world and competing with the national product, especially since the Iraqi product has exorbitant costs, such as municipality tax and fees, and the cost of fuel and raw materials}, usually this is a {unfair} competition, demanding at the time. The same {by providing fuel at the official price and providing electricity continuously in industrial areas to support the industrial and industrial sector to increase the national product, improve its quality and compete with the imported product.
New technology
In turn, the economist Saif Saad stressed that {the Iraqi industrial environment needs to introduce modern technology}.
As: {The national product cannot compete with the imported counterpart without support, either directly by pumping money, or indirectly through restricting the entry of the importer available locally}, stressing {the need to revive the stalled factories and factories, and to establish integrated industrial cities, with the benefit of The experiences of neighboring countries and the region}.
Qualification of laboratories
The Government Media Cell had announced that the Ministry of Industry had been able to implement a plan to rehabilitate the stalled laboratories, amounting to (83) factories, and in three phases, short-term and include (17) laboratories and medium-term, and included (24) laboratories and long-term, which included (42) laboratories, in addition to To establishing production lines and new projects, supporting entrepreneurs and unemployed graduates, granting foundation licenses, allocating plots of land for industrial projects, diversifying and increasing the products of the Ministry of Industry, as well as supporting projects and medium and small industries and striving to activate laws for the protection of local products and customs tariffs and the establishment of an exhibition {Made in Iraq}.
etrochemical plant
Meanwhile, the Ministry of Industry and Minerals discussed final preparations and procedures for operating the petrochemical plant in Basra, which has been suspended since 2011.
This came during the visit of the Minister of Industry and Minerals, Manhal Aziz Al-Khabaz, to Basra Governorate. According to the statement issued by the ministry, of which (Al-Sabah) received a copy, the baker held a meeting after his field tour in the General Company for Petrochemical Industries with the general managers of the ministry's companies in the governorate and directors of factories and laboratories in those companies.
He indicated that his ministry is facing "great challenges" to operate and open the petrochemical plant after its suspension since 2011. It is hoped that the petrochemical plant will have significant positive impacts on the company and Basra Governorate.
Al-Khabaz stressed {the importance of continuing cooperation between the Ministry's companies in Basra to overcome problems and obstacles and intensify and continue efforts to complete the operation and production of the petrochemical plant in light of the ministry's great and complete support.
Pointing out {the need for the ministry's companies to work in Basra as one team to improve the reality of their companies, their industry and production National}. LINK
Specialized Banks
Monday May 31, 2021 112 Muhammad Sharif Abu Maysam Specialized banks are usually state-owned, because they are concerned with financing development projects with loans that are often medium or long-term in order to support the development process and its sustainability, and this role is not undertaken by the private sector always looking for a quick profit, as commercial banks refrain from financing economic activities that are characterized by slow The capital cycle in it, such as the agricultural, industrial and construction sectors.
On this basis, specialized banks appear only in the state's economic system, while donation and aid funds are left with the process of supporting development projects in capitalist systems, which are sometimes financed from the general budget as in the funds concerned with supporting small projects. And micro-enterprises, to ensure the sustainability of job opportunities, the circulation of the market movement and the support of exchanges and trades.
As well as supporting the agricultural sector to ensure the achievement of food security and avoid compromising the sovereignty of the state in the event that it is exposed to a political or economic blockade or exposure to international trade routes for what causes change of its paths or suspension of work due to wars and disasters, God forbid, and among the most important of these banks (Agricultural Bank, Industrial Bank And the real estate bank}.
Now that we are moving completely towards a capitalist market economy system, according to what was mentioned in the white paper, the specialized banks that are still operating in the banking arena are likely to be restructured to be replaced by funds, as is the case of the housing fund that gradually replaces the real estate bank, and the Agricultural Credit Fund.
The facilitator will support small farmers and farmers, as well as small and medium enterprises support funds and loans provided by the Ministry of Labor and Social Affairs, as well as short-term loans provided by commercial banks under the Central Bank’s initiative to support small and micro enterprises.
This means that there is a variable that will prolong the specialized banks, and therefore it is necessary that the expertise of the employees working in these banks be employed to work in the funds that are auxiliary to them, and let us take the huge numbers of agricultural engineers working in the Agricultural Bank, as these engineers who are familiar with the secrets of the capital cycle in the sector can Agricultural credit, and the risks and secrets of agricultural credit, are to be a qualitative addition to the Facilitated Agricultural Credit Fund at the Ministry of Agriculture, and it is wrong to neglect these staff, after the high costs that have been spent on training and qualifying them over the years in which they accumulated experience and polished competencies. LINK
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