More Iraqi News Monday PM 7-5-21
More Iraqi News Monday PM 7-5-21
TLM724 Administrator BondLady’s Corner
Parliamentary Economy: Two Steps Will Prevent The Theft Of About 4 Billion Dollars Annually In Iraq
Money and business Economy News _ Baghdad On Monday, a member of the Economy Committee in the House of Representatives, Nada Shaker, revealed two steps that can be implemented at the border crossings that will ensure that revenues reach the state treasury without being stolen.
Shaker said in a press interview, "The Economic Committee provided many solutions and treatments for the government in order to control the revenues of the border crossings," noting that "the percentage of lost revenue that goes to the pockets of the corrupt is estimated annually at more than 4 billion dollars."
She added that "among those proposals is the automation of outlets through a unified electronic system, as well as working to change the mechanisms used by the authority, because it facilitates the work of the corrupt and continues to steal public money."
She explained that "complete control of the border crossings will ensure the arrival of more than 7 billion dollars annually to the state treasury, and perhaps much more than this number."
Views 113 Date Added 07/05/2021 https://economy-news.net/content.php?id=25596
Parliamentary Integrity: International Agreements Are Ineffective In Recovering Smuggled Funds
Money and business Economy News – Baghdad The Integrity Committee of the House of Representatives confirmed, on Monday, that international agreements are ineffective in recovering smuggled funds from the country, and while noting that some countries grant smugglers immunity, it confirmed that removing Iraq from the list of high-risk countries will open the door to international cooperation to recover funds.
Committee member Alia Nassif said, "There is a draft law prepared by the Presidency of the Republic entitled the Corruption Proceeds Recovery Law and it needs the international community's cooperation with Iraq after adopting and implementing it," according to "Conscious".
And she added, "Removing the name of Iraq from the list of high-risk countries will allow it to take legal measures, and open the door to international cooperation to recover funds and stop smuggling operations from Iraq. The matter also depends on bilateral agreements with countries where smuggled Iraqi funds are located."
And she stressed that "some countries consider Iraq's money as spoils and give the smugglers immunity and do not report the money smuggled to it," noting that "Iraq is bound by the United Nations Convention against Corruption, but it is ineffective."
And last Wednesday, Prime Minister Mustafa Al-Kazemi, during his visit to Brussels, called on the European Union to form a coordination committee to remove the name of Iraq from the high-risk countries that would support the government’s efforts to fight corruption and recover and prosecute smuggled funds in European countries. Views 87 Date added 05/07/2021 https://economy-news.net/content.php?id=25594
Significant Increase In Central Bank Sales Of Hard Currency
Economie| 02:58 - 05/07/2021 Baghdad - Mawazine News The Central Bank of Iraq, on Monday, recorded sales of hard currency, a remarkable increase, to reach more than 200 million dollars.
Today, the Central Bank auction for the sale and purchase of foreign currencies witnessed an increase in its sales by 1.62%, to reach 212 million and 353 thousand and 765 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar.
The purchases amounting to 161 million and 873 thousand and 765 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 50 million and 480 dollars went in cash. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=159449
Iraq And Egypt Sign An Agreement To Establish Joint Industrial And Economic Cities
Economie| 12:18 - 05/07/2021 Baghdad - Mawazine News The Government Media Cell announced, on Monday, that Iraq and Egypt had concluded an agreement to establish joint industrial and economic cities.
The cell said in a statement received by Mawazine News, a copy of it, that "the Iraqi and Egyptian ministers of industry concluded a cooperation agreement to establish industrial and economic cities, and the textile, leather, tanning, veterinary medicines and agricultural pesticides industries."
She added, "This came during the visit of the Egyptian Minister of Trade and Industry, Mrs. Nevin Jameh, and her accompanying delegation to Iraq, and her holding a series of meetings and discussions with the Iraqi side, within the framework of implementing the decisions of the tripartite summit held in Baghdad last week."
She noted that " Meanwhile, the Minister of Trade received his Egyptian counterpart and discussed with her ways to develop trade exchange between the two countries in a way that enhances industrial performance.
In another meeting between the Minister of Planning and the Egyptian Minister of Trade and Industry, the two sides agreed to prepare a tripartite cooperation document, in which the areas and axes available for joint cooperation were defined.
The Minister of Industry and his Egyptian counterpart also visited the fixed wing of the ministry's companies at the Baghdad International Fair to see the capabilities of public companies and their local products.
In addition, the Egyptian delegation visited a number of companies specialized in chemical industries, most notably the Al-Furat General Company of the Ministry of Industry and Minerals, to discuss the available cooperation and partnership opportunities.
Today, Monday, the Egyptian delegation will hold an expanded meeting with the Iraqi private sector to discuss opportunities for cooperation, partnership and investment between the private sector in the two countries in various industrial fields. It will also visit the Samarra Pharmaceutical Company and Diyala State Company to discuss mechanisms of joint cooperation in the pharmaceutical and electrical industries. . Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=159433
After Four Days Of Gains, Oil Prices Drop
Monday 05 July 2021 10:22 | Economic Number of readings: 405 Baghdad / NINA / - Oil prices fell today, Monday, after four days of gains, as investors and traders await important talks by OPEC + after a disagreement within the group that may lead to major producers increasing trading volumes to seize their market shares. Brent crude fell 10 cents, or 0.13 percent, to $76.05 a barrel.
US oil was down 7 cents, or 0.07%, at $75.09 a barrel, after rising 1.5% last week, the sixth consecutive week of gains.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, voted last Friday to increase production by about two million barrels per day from August to December 2021 and to extend the remaining production cuts until the end of 2022, but objections from the United Arab Emirates (UAE) The United States) prevented an agreement from being reached. https://ninanews.com/Website/News/Details?key=913870
Issue (4640) Of The Iraqi Gazette Was Issued On 06/28/2021
2021-07-05 11:36:00
1- Republican Decree No. (32) of 2021.
2- Bylaws of the General Sports Investments Company No. (1) for the year 2021.
3- Decision to amend the statement of incorporation of the General Salam Company.
4- Data issued by the Central Agency for Standardization and Quality Control.
Those wishing to acquire a copy of the Iraqi facts can refer to the Iraqi facts department located in Salhiya / Haifa Street (Ministry of Justice Building), and obtain the required number.
https://www.moj.gov.iq/view.5748/
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