More Iraqi News Monday PM 8-16-21
More Iraqi News Monday PM 8-16-21
TLM724 Administrator BondLady’s Corner
Because Of The Mutating Delta, Oil Prices Fall As Economic Growth Slows
Economy Monday 16 August 2021 | 09:36 am| Number of readings: 68 Oil prices fell more than 1% on Monday, falling for a third session, as restrictions imposed by governments on movement to counter the spread of the delta version and slowing economic growth raised concern about the recovery of fuel demand .
Brent crude fell 76 cents, or 1.06 percent, to $69.83 a barrel by 0510 GMT, after falling last week .
US oil fell 79 cents, or 1.16 percent, to $67.44 a barrel, after rising slightly last week .
And the International Energy Agency said last Thursday that the increased demand for crude oil reversed course in July and is expected to rise at a slower rate during the rest of 2021 due to the high cases of Covid-19 virus from the delta strain .
The recent tightening of the restrictions imposed on the Corona virus in China led to a decrease in activity in the second largest economy in the world last July .
Many analysts also expect Japan, the world's fourth-largest importer of crude oil, to see modest economic growth in the current quarter as the state of renewed emergency restrictions to deal with record infections affect household spending. https://aynaliraqnews.com/index.php?aa=news&id22=150823
Alia Nassif Reveals The Legal Violations Of The Formation Of The National Oil Company "Secretly"
Monday 16 August 2021 16:17 | political Number of readings: 144 Baghdad / NINA / - The Parliamentary Integrity Committee renewed its request to the Public Prosecution Office to intervene and annul the decision to form the National Oil Company, which was formed secretly to avoid the anger of the Iraqi street, and disclosed the legal violations committed by those who formed it.
Member of the committee, Representative Alia Nassif, said, "The establishment of the National Oil Company in this illegal form is invalid, because its law is challenged in most of its provisions by the Federal Court, and the amendment that read two readings is mined with quotas materials."
And she added, in a press statement, that "those who secretly formed the company did not abide by the stipulated conditions that must be met by the person who will run the company, which is a service of no less than 25 years within a specialty that makes him qualified to manage the company, and this was not taken into account in the appointment of the two vice presidents of the company."
indicating that "all the company's procedures are void, because the first vice president of the company must have worked in the field of extraction for several years."
She explained, "Any procedures for appointing positions under the National Company Law are invalid appointments," calling on the deputies not to pass the law in the House of Representatives.
https://ninanews.com/Website/News/Details?key=921750
Finance Minister: The Government Has Put The Economic Reality On The Right Track
Money and business EconomyNews_Baghdad The head of the Iraqi-Saudi Coordination Council, Minister of Finance, Ali Abdul-Amir Allawi, confirmed that the Iraqi government has put the economic reality on the right track through the white paper.
Allawi said during the (Iraqi-Saudi Joint Business Council) in a statement of the General Secretariat of the Council of Ministers received by "Al-Iqtisad News", that "the Iraqi government aimed, through the white paper, to put the economic reality on a path that allows the state to take appropriate steps to develop it into a dynamic economy." Diverse, creating real opportunities for a decent life for citizens.
He added, "The council aims to support and strengthen economic relations, and increase the volume of business between the Republic of Iraq and the Kingdom of Saudi Arabia, and based on the desire and need of both sides, the Joint Businessmen Council was formed, which will ensure the growth of existing cooperation and increase interaction between representatives of the economic business sector, in order to Activating the volume of commercial, industrial and investment transactions.
For his part, the National Coordinator of the Council, Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, explained that "the Iraqi government has adopted a policy of opening prospects for cooperation in the Arab and international environments, in all fields, and has placed it among its priorities in its ministerial program, in order to advance the economic reality. The commercial, industrial and agricultural sectors of Iraq.
The agenda of the Council witnessed a democratic practice of electing a president and two deputies to the Business Council, as well as a presentation and discussion of the projects proposed by the members of the Council. Views 99 Date Added 08/16/2021 https://economy-news.net/content.php?id=25989
Iraq Launches A New Anti-Corruption Strategy
Money and business Economy News_Baghdad Today, Monday, the Integrity Commission announced the launch of the National Anti-Corruption Strategy.
A statement by the commission, received by Al-Iqtisad News, stated that it had "launched the National Integrity and Anti-Corruption Strategy for the years (2021-2024), which was previously approved by the Council of Ministers under Resolution No. (181) on 6/6/2021.
He added that "this strategy is one of the requirements of the United Nations Convention against Corruption, which Iraq joined in the year 2007, and it is an advanced step in this field, as it entrusts tasks and duties entrusted to all state institutions and sectors, and then committees measure the level of commitment of those institutions and sectors to those tasks, and then evaluated.
He continued, "The strategy provides wide opportunities for cooperation between the regulatory agencies, the three authorities, and various state institutions and sectors, with a focus on activating participation in the process of diagnosing corruption phenomena and developing alternatives and treatments, as well as providing wide opportunities for training and developing the cadres of those institutions and sectors affiliated with the strategy in cooperation with international bodies. ".
Views 129 Date Added 08/16/2021 https://economy-news.net/content.php?id=25995
https://ina.iq/eng/13392-finance-minister-the-government-has-put-the-economic-reality-on-the-right-track.html
Finance Minister: The Government Has Put The Economic Reality On The Right Track
Politics / Economy Today, 00:04 Baghdad – INA The head of the Iraqi-Saudi Coordination Council, Minister of Finance, Ali Abdul Amir Allawi, confirmed that the Iraqi government has put the economic reality on the right track through the white paper.
Allawi said during the (Iraqi-Saudi Joint Business Council) in a statement of the General Secretariat of the Council of Ministers, received by the Iraqi News Agency (INA), today, Sunday, that "the Iraqi government aimed, through the white paper, to put the economic reality on the path that allows the state to take steps." The occasion is to develop it into a dynamic and diversified economy that creates real opportunities for a decent life for citizens.”
He added, "The council aims to support and strengthen economic relations, and increase the volume of business between the Republic of Iraq and the Kingdom of Saudi Arabia, and based on the desire and need of both sides, the Joint Businessmen Council was formed, which will ensure the growth of existing cooperation and increase interaction between representatives of the economic business sector, in order to Activating the volume of commercial, industrial and investment transactions.
For his part, the National Coordinator of the Council, Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, explained that "the Iraqi government has adopted a policy of opening prospects for cooperation in the Arab and international environments, in all fields, and has placed it among its priorities in its ministerial program, in order to advance the economic reality." The commercial, industrial and agricultural sectors of Iraq.
The agenda of the Council witnessed a democratic practice of electing a president and two deputies to the Business Council, as well as a presentation and discussion of the projects proposed by the members of the Council.
https://ina.iq/eng/13392-finance-minister-the-government-has-put-the-economic-reality-on-the-right-track.html
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