More Iraqi News Saturday Afternoon 9-18-21
More Iraqi News Saturday Afternoon 9-18-21
TLM724 Administrator BondLady’s Corner
MEMBER Tobyboy: There is something big time wrong with this picture especially with 65.00 to 70.00 for the oil. There is no need for them to have to borrow funds at the rate they are going. The price has been up for at least last 6 mos. and been raising every month. I guess they want to cry poor so more countries will give Iraq more hand outs.
Al-Kazemi’s Advisor Admits That There Is A Financial Deficit In The Draft Budget 2022
Economy Saturday 18 September 2021 | 02:31 PM| Number of readings: 231
The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, acknowledged, on Saturday, the existence of a financial deficit in the draft general federal budget law for the year 2022, indicating that it is of a consumer nature and there is nothing left for development and projects .
Saleh said, "The public financial dilemma in Iraq is that oil and non-oil revenues are also not sufficient to fill the operating budget, and therefore are of a consumer nature, and there is nothing left for development and projects ."
He added that "in previous budgets, projects are financed through a deficit that is based on internal or external borrowing," stressing that "there is a trend towards borrowing in the 2022 budget bill ."
And he indicated that "the 2022 draft budget is in the process of preparation, but it is expected that the fiscal deficit in it will be less than 50%, and therefore it will differ from the deficit of the 2021 budget."
https://aynaliraqnews.com/index.php?aa=news&id22=151805
The Stock Market Announces The Weekly Trading Indicators
Saturday 18 September 2021 09:05 | Economic Number of readings: 44
Baghdad / NINA / - The Iraq Stock Exchange organized during the third week of September 2021 five trading sessions from Sunday 12/09/2021 to Thursday 16/09/2021.
The market said in a statement: "The number of shares traded during this week amounted to more than (40) billion shares, with a value of more than (58) billion dinars."
He added, "The trading index in the market closed in the first session of the week at (601.24) points, while the index closed at the end of the week at (598.82), a decrease of (0.40%) compared to its closing in the first session," stressing that: "It was implemented during the week more than From (1900) contracts of sale and purchase on the shares of companies listed in the market./ End 8
https://ninanews.com/Website/News/Details?key=927747
Dollar Exchange Rates On The Stock Exchange For Today
Exchange office Market Economy News – Baghdad "Economy News" publishes the dollar exchange rates on the Iraqi local stock exchange on Saturday. Baghdad - Stock Exchange of struggle 147,425 per hundred dollars In most Baghdad exchanges Buy 147,000 dinars for every hundred dollars
Selling 148,000 dinars for every hundred dollars
Views 76 Date Added 09/18/2021 https://economy-news.net/content.php?id=26333
To About 70%.. Expectations Of A Decrease In Iraq's Public Debt Ratio In 2021
Economie| 12:36 - 18/09/2021 Follow-up - Mawazine News The International Monetary Fund revealed, on Saturday, its expectations that the ratio of Iraq's public debt to GDP will touch 70% during 2021.
The Fund said in its schedule, which was reviewed by "Mawazine News", that "the ratio of public debt to gross domestic product For Iraq, it reached 81.2% during the year 2020, and it is expected that it will “reduce for the current year 2021 to 69.7 percent.”
He added that "the decline in debt in Iraq comes after the rise in global oil prices after their decline during the past two years, which enabled Iraq to pay part of its public debts."
The fund pointed out that "Sudan ranked first in the Arab world with the highest debt ratio compared to its GDP, recording 262.5% in 2020, followed by Lebanon second with 154.4%, and then Bahrain third with 132.9%."
He added that "Egypt came fourth with a debt ratio of 90.2% compared to its GDP, Jordan comes fifth with 88.5%, then Tunisia comes sixth with 87.6%, then Yemen with 83.2 and Iraq is eighth." Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=167811
Integrity Shows The Amount Of Money Recovered From Abroad
Economy Saturday 18 September 2021 | 10:10 am| Number of readings: 106
The Federal Integrity Commission revealed, on Saturday, the amount of money that Iraq recovered during the last period from several countries, including a neighboring country .
The Director General of the Recovery Department and Vice President of the “Iraq Funds Recovery Fund” at the Integrity Commission, Moataz Faisal Al-Abbasi, said that “the fund faced many challenges, including the lack of a budget until mid-2021, and during the period of its establishment, it was able to recover from Jordan 65,000 dollars in cooperation with the competent authorities.” In addition to recovering nearly 12 million euros from Spain, in cooperation with the competent legal authorities .
Al-Abbasi pointed out that "the fund was able, with another effort, to recover nearly $26 million from Germany in cooperation with the competent authorities ."
He explained, "There is a United Nations convention against corruption at the international level and the Arab Convention against Corruption, and their mechanisms stipulate how to recover and obtain money."
https://aynaliraqnews.com/index.php?aa=news&id22=151777
Clarification From SOMO About The Prepayment Mechanism And The File Of Receiving The Region's Oil
Economie| 01:41 - 09/18/2021 Baghdad - Mawazine News The Oil Marketing Company (SOMO) confirmed, on Saturday, that the Kurdistan Regional Government has not delivered any quantities of crude oil, while referring to the mechanism adopted for allocating quantities of crude oil to international purchasing companies, indicating the reasons for not adopting the method of payment for the export of crude oil. .
The Director General of the Oil Marketing Company SOMO Alaa Al-Yasiri said in an interview with the official agency, "The Iraqi Ministry of Oil represented by the Oil Marketing Company has invited the contracting companies to purchase Iraqi crude oil and companies that have service contracts, which are in their entirety from the major international companies in the field of the oil industry, to supply them." in specified quantities of Iraqi crude oil by the method of prepayment.
To About 70%.. Expectations Of A Decrease In Iraq's Public Debt Ratio In 2021
Economie| 12:36 - 18/09/2021 Follow-up - Mawazine News The International Monetary Fund revealed, on Saturday, its expectations that the ratio of Iraq's public debt to GDP will touch 70% during 2021.
The Fund said in its schedule, which was reviewed by "Mawazine News", that "the ratio of public debt to gross domestic product For Iraq, it reached 81.2% during the year 2020, and it is expected that it will “reduce for the current year 2021 to 69.7 percent.”
He added that "the decline in debt in Iraq comes after the rise in global oil prices after their decline during the past two years, which enabled Iraq to pay part of its public debts."
The fund pointed out that "Sudan ranked first in the Arab world with the highest debt ratio compared to its GDP, recording 262.5% in 2020, followed by Lebanon second with 154.4%, and then Bahrain third with 132.9%."
He added that "Egypt came fourth with a debt ratio of 90.2% compared to its GDP, Jordan comes fifth with 88.5%, then Tunisia comes sixth with 87.6%, then Yemen with 83.2 and Iraq is eighth." Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=167811
Integrity Shows The Amount Of Money Recovered From Abroad
Economy Saturday 18 September 2021 | 10:10 am| Number of readings: 106
The Federal Integrity Commission revealed, on Saturday, the amount of money that Iraq recovered during the last period from several countries, including a neighboring country .
The Director General of the Recovery Department and Vice President of the “Iraq Funds Recovery Fund” at the Integrity Commission, Moataz Faisal Al-Abbasi, said that “the fund faced many challenges, including the lack of a budget until mid-2021, and during the period of its establishment, it was able to recover from Jordan 65,000 dollars in cooperation with the competent authorities.” In addition to recovering nearly 12 million euros from Spain, in cooperation with the competent legal authorities .
Al-Abbasi pointed out that "the fund was able, with another effort, to recover nearly $26 million from Germany in cooperation with the competent authorities ."
He explained, "There is a United Nations convention against corruption at the international level and the Arab Convention against Corruption, and their mechanisms stipulate how to recover and obtain money."
https://aynaliraqnews.com/index.php?aa=news&id22=151777
Clarification From SOMO About The Prepayment Mechanism And The File Of Receiving The Region's Oil
Economie| 01:41 - 09/18/2021 Baghdad - Mawazine News The Oil Marketing Company (SOMO) confirmed, on Saturday, that the Kurdistan Regional Government has not delivered any quantities of crude oil, while referring to the mechanism adopted for allocating quantities of crude oil to international purchasing companies, indicating the reasons for not adopting the method of payment for the export of crude oil. .
The Director General of the Oil Marketing Company SOMO Alaa Al-Yasiri said in an interview with the official agency, "The Iraqi Ministry of Oil represented by the Oil Marketing Company has invited the contracting companies to purchase Iraqi crude oil and companies that have service contracts, which are in their entirety from the major international companies in the field of the oil industry, to supply them." in specified quantities of Iraqi crude oil by the method of prepayment.
To About 70%.. Expectations Of A Decrease In Iraq's Public Debt Ratio In 2021
Economie| 12:36 - 18/09/2021 Follow-up - Mawazine News The International Monetary Fund revealed, on Saturday, its expectations that the ratio of Iraq's public debt to GDP will touch 70% during 2021.
The Fund said in its schedule, which was reviewed by "Mawazine News", that "the ratio of public debt to gross domestic product For Iraq, it reached 81.2% during the year 2020, and it is expected that it will “reduce for the current year 2021 to 69.7 percent.”
He added that "the decline in debt in Iraq comes after the rise in global oil prices after their decline during the past two years, which enabled Iraq to pay part of its public debts."
The fund pointed out that "Sudan ranked first in the Arab world with the highest debt ratio compared to its GDP, recording 262.5% in 2020, followed by Lebanon second with 154.4%, and then Bahrain third with 132.9%."
He added that "Egypt came fourth with a debt ratio of 90.2% compared to its GDP, Jordan comes fifth with 88.5%, then Tunisia comes sixth with 87.6%, then Yemen with 83.2 and Iraq is eighth." Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=167811
Integrity Shows The Amount Of Money Recovered From Abroad
Economy Saturday 18 September 2021 | 10:10 am| Number of readings: 106
The Federal Integrity Commission revealed, on Saturday, the amount of money that Iraq recovered during the last period from several countries, including a neighboring country .
The Director General of the Recovery Department and Vice President of the “Iraq Funds Recovery Fund” at the Integrity Commission, Moataz Faisal Al-Abbasi, said that “the fund faced many challenges, including the lack of a budget until mid-2021, and during the period of its establishment, it was able to recover from Jordan 65,000 dollars in cooperation with the competent authorities.” In addition to recovering nearly 12 million euros from Spain, in cooperation with the competent legal authorities .
Al-Abbasi pointed out that "the fund was able, with another effort, to recover nearly $26 million from Germany in cooperation with the competent authorities ."
He explained, "There is a United Nations convention against corruption at the international level and the Arab Convention against Corruption, and their mechanisms stipulate how to recover and obtain money."
https://aynaliraqnews.com/index.php?aa=news&id22=151777
Clarification From SOMO About The Prepayment Mechanism And The File Of Receiving The Region's Oil
Economie| 01:41 - 09/18/2021 Baghdad - Mawazine News The Oil Marketing Company (SOMO) confirmed, on Saturday, that the Kurdistan Regional Government has not delivered any quantities of crude oil, while referring to the mechanism adopted for allocating quantities of crude oil to international purchasing companies, indicating the reasons for not adopting the method of payment for the export of crude oil. .
The Director General of the Oil Marketing Company SOMO Alaa Al-Yasiri said in an interview with the official agency, "The Iraqi Ministry of Oil represented by the Oil Marketing Company has invited the contracting companies to purchase Iraqi crude oil and companies that have service contracts, which are in their entirety from the major international companies in the field of the oil industry, to supply them." in specified quantities of Iraqi crude oil by the method of prepayment.
To About 70%.. Expectations Of A Decrease In Iraq's Public Debt Ratio In 2021
Economie| 12:36 - 18/09/2021 Follow-up - Mawazine News The International Monetary Fund revealed, on Saturday, its expectations that the ratio of Iraq's public debt to GDP will touch 70% during 2021.
The Fund said in its schedule, which was reviewed by "Mawazine News", that "the ratio of public debt to gross domestic product For Iraq, it reached 81.2% during the year 2020, and it is expected that it will “reduce for the current year 2021 to 69.7 percent.”
He added that "the decline in debt in Iraq comes after the rise in global oil prices after their decline during the past two years, which enabled Iraq to pay part of its public debts."
The fund pointed out that "Sudan ranked first in the Arab world with the highest debt ratio compared to its GDP, recording 262.5% in 2020, followed by Lebanon second with 154.4%, and then Bahrain third with 132.9%."
He added that "Egypt came fourth with a debt ratio of 90.2% compared to its GDP, Jordan comes fifth with 88.5%, then Tunisia comes sixth with 87.6%, then Yemen with 83.2 and Iraq is eighth." Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=167811
Integrity Shows The Amount Of Money Recovered From Abroad
Economy Saturday 18 September 2021 | 10:10 am| Number of readings: 106
The Federal Integrity Commission revealed, on Saturday, the amount of money that Iraq recovered during the last period from several countries, including a neighboring country .
The Director General of the Recovery Department and Vice President of the “Iraq Funds Recovery Fund” at the Integrity Commission, Moataz Faisal Al-Abbasi, said that “the fund faced many challenges, including the lack of a budget until mid-2021, and during the period of its establishment, it was able to recover from Jordan 65,000 dollars in cooperation with the competent authorities.” In addition to recovering nearly 12 million euros from Spain, in cooperation with the competent legal authorities .
Al-Abbasi pointed out that "the fund was able, with another effort, to recover nearly $26 million from Germany in cooperation with the competent authorities ."
He explained, "There is a United Nations convention against corruption at the international level and the Arab Convention against Corruption, and their mechanisms stipulate how to recover and obtain money."
https://aynaliraqnews.com/index.php?aa=news&id22=151777
Clarification From SOMO About The Prepayment Mechanism And The File Of Receiving The Region's Oil
Economie| 01:41 - 09/18/2021 Baghdad - Mawazine News The Oil Marketing Company (SOMO) confirmed, on Saturday, that the Kurdistan Regional Government has not delivered any quantities of crude oil, while referring to the mechanism adopted for allocating quantities of crude oil to international purchasing companies, indicating the reasons for not adopting the method of payment for the export of crude oil. .
The Director General of the Oil Marketing Company SOMO Alaa Al-Yasiri said in an interview with the official agency, "The Iraqi Ministry of Oil represented by the Oil Marketing Company has invited the contracting companies to purchase Iraqi crude oil and companies that have service contracts, which are in their entirety from the major international companies in the field of the oil industry, to supply them." in specified quantities of Iraqi crude oil by the method of prepayment.
He added, "The adoption of the advance payment method came for the purposes of supporting the financial resources of the Iraqi state treasury, which was suffering greatly from the decline in financial revenues to the public budget as a result of the decline in oil prices to very low limits due to the Corona pandemic."
He continued, "The referral was not made at the time, as crude oil prices witnessed a recovery as a result of the decisions of the Organization (OPEC) and its allies to reduce production."
He pointed out that "the approved mechanism for allocating quantities of crude oil to international companies buying Iraqi crude oil is according to the quantities available for export, which are notified to us by the Ministry of Oil, which changes annually according to a set of technical and logistical factors and in line with the agreement of the OPEC countries. (OPEC) regarding Iraq’s share of world production, whereby the Oil Marketing Company shall take all necessary steps to disburse the entire quantities of crude oil intended for export.
He explained that "the oil marketing company has mechanisms that are distinguished by transparency and integrity and to ensure that the entire quantities available for export are spent in accordance with a tight marketing plan that targets promising markets and in a way that guarantees the largest financial return for the country and in a sustainable manner."
He stressed that "the company succeeded in acquiring large market shares in the most important global crude oil markets, especially in the Asian market, including India and China, achieving the first ranks in terms of the dependence of those countries on our oil."
He noted that "the most important global news sources, including (S&P Global Platts), indicated Iraq's success in acquiring good market shares in the most important crude oil consumption markets."
He pointed out that "any of the reputable international companies registered in the approved global sources with liquidation capabilities can submit their request to purchase crude oil in a manner that ensures that Iraqi crude oil of all kinds is not traded and that its strategic and market value is preserved, provided that this entity is not among the companies on the list." Black companies that are prohibited from dealing with them.
He stressed that "the Kurdistan Regional Government has not delivered any quantities of crude oil to be marketed by the Oil Marketing Company. As for the delivery of these financial quantities, it belongs to the Federal Ministry of Finance in accordance with what was stated in the budget law, which requires the Kurdistan Regional Government to commit to delivering the quantities of not less than About 250 thousand barrels per day of crude oil at the price of the Oil Marketing Company. Ended 29/A43
https://www.mawazin.net/Details.aspx?jimare=167817
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