More Iraqi News Saturday Late PM 9-18-21
More Iraqi News Saturday Late PM 9-18-21
TLM724 Administrator BondLady’s Corner
The House Of Representatives Will Resume Its Regular Sessions Next Monday
Pratha News Agency157 2021-09-17 Today, Friday, the Media Department of the House of Representatives announced the resumption of Parliament sessions next Monday.
The media department said in a brief statement that "the House of Representatives will resume its regular sessions on Monday, 20/9/2021 at one in the afternoon." http://burathanews.com/arabic/news/399923
Rentierism” Constrains The Economy And Impedes The Diversification Of Revenues
Saturday 18 September 2021 88 “rentierism” constrains the economy and impedes the diversification of revenues
Baghdad: Haider Falih Al-Rubaie The economic expert, Dr. Imad Al-Harsh, attributed the reasons for Iraq’s inability to diversify its economic sources, and keep oil as a major resource to support the country’s financial budgets, to moving away from the developmental approach, which ensures sound economic construction, stressing the need to redraw the government’s trade policy, and work to Building a suitable and encouraging investment environment.
Economists constantly warn against keeping oil as the only and essential resource for financing the country’s financial budgets, stressing that this has caused economic disruptions as a result of fluctuations in global oil prices, stressing the need to activate the private sector, and revive the industrial, agricultural and investment aspects.
Economic Fundamentals
Al-Harsh said: “For years, Iraq has sought to achieve a new orientation towards a market economy, in which the private sector is the main axis, and despite the fact that we possess the economic components (human and natural resources) that are capable of achieving tremendous development that surpasses other countries and their various economic systems, which It has achieved integrated economic development based on the base of the private sector, but we have not been able to diversify the sources of our economy because we have moved away from the developmental approach that ensures sound economic construction.
Private Sector
The economist pointed out the need to give the private sector full confidence, because it has a positive impact on the overall movement of the market and the consumer street, in addition to that it represents the basic pillar or building block on which it depends in the construction and growth processes of any economic activity, recalling that “the Constitution of the Republic of Iraq for the year 2005 referred to the state's guarantee of reforming the Iraqi economy according to modern economic foundations and in a manner that guarantees the full investment of its resources, diversification of its sources, and the encouragement and development of the private sector.
Al-Harsh criticized the maintenance of a unilateral economy, which depends mainly on oil revenues in production, trade and finance, as well as a clear spread of the phenomenon of dumping our markets with foreign products, despite their poor quality and low origin, and the emergence of a business environment that repels private sector investments, although it is considered A major focus in improving economic growth rates, reducing unemployment rates and achieving internal and external balance.
Trade Policy
Al-Harsh called for the need to “redraw the government’s trade policy, and work to build a suitable, encouraging and attractive investment environment for capital, stressing the importance of involving the private sector in the development process and restoring balance to the country’s economic structure.” LINK
Planning: Iraq's Population Will Reach 80 Million By 2050
Economie| 12:07 - 18/09/2021 Baghdad - Mawazine News , Saturday, the Ministry of Planning announced its expectations regarding the population of Iraq in the coming years, and while noting a decline in the annual population growth rates, it revealed the details of its plan for drawing up long-term population policies.
A spokesman for the Ministry of Planning, Abdul-Zahra Al-Hindawi, said, according to the official agency, that "the ministry's expectations indicate that the population of Iraq in the year 2030 will reach 50 million people, in light of the annual estimates of the population, which is increasing at a rate of 850 thousand to one million people per year with a growth rate." annual rate of 2.6", pointing out that "in 2050, the population of Iraq may approach 80 million."
Al-Hindawi added, "The next thirty years may witness a decline in annual growth rates, based on the ministry's monitoring, which indicated a decline in the annual population growth rates," noting that "with the continuation of this decline, we may not reach expectations of reaching 80 million people in 2050." ".
He pointed out that "the ministry has previously developed a prior plan in drawing up long-term population policies, and there is an update on the paths of this plan by integrating the population dimension into development plans and focusing on mechanisms to absorb this increase in population and transform it from a burden into effective development engines through empowering youth Economically by providing job opportunities, achieving partnerships and supporting the private sector in order to provide job opportunities and advance the health, housing and education sectors within the framework of human development policy, stressing that “the Ministry of Planning undertakes the preparation of this plan through the Department of Human Development.”
With regard to the continuous decline in demand for oil, Al-Hindawi explained that “the reason is the trend towards activating other non-oil development sectors in order to diversify sources of income such as agriculture, industry, tourism and other sectors and open broad prospects for investment in order to reduce poverty and unemployment rates and improve the population’s level in the areas of health and education. And housing.” Ended 29/A 43 https://www.mawazin.net/Details.aspx?jimare=167806
The Ministry Of Finance Confirms The Launch Of New Initiatives To Support Young Companies
Saturday 18 September 2021 17:05 | Economic Number of readings: 59
Baghdad / NINA / - The Ministry of Finance confirmed the launch of new initiatives to support youth companies. Finance Minister Ali Abdul-Amir Allawi said during the launch of the (Invest in Youth) initiative: "The ministry seeks to support young people by establishing a fund for which 30 billion dinars has been allocated, as well as launching new initiatives to support youth companies."
He added, "The ministry will launch new initiatives to support youth companies, especially in the digital sector led by young people."
The Minister of Finance called on the competent international institutions to contribute to expanding the amount of the fund to reach 50 billion during the next two years, under the supervision and participation of a number of ministries. /End of https://ninanews.com/Website/News/Details?key=927830
The National Investment Commission Launches The (Invest In Youth) Initiative
Saturday 18 September 2021 17:04 | Economic Number of readings: 56
Baghdad / NINA / - The National Investment Commission launched the (Invest in Youth) initiative.
The commission stated in a statement: "With the patronage of Prime Minister Mustafa Al-Kazemi, the National Investment Commission launched, today, an initiative to support Iraqi youth under the slogan (Invest in Youth) with the aim of putting forward a number of innovative investment projects by a number of young people to a specialized committee of professors in ministries and institutions. In the presence of a number of ministers and officials from the public and private sectors, with the aim of obtaining financial support for the implementation of these projects.
The head of the National Investment Commission, Suha Daoud Najjar, confirmed: "This initiative comes within the framework of supporting young people to enter the investment process currently existing in Iraq with new development ideas in various economic sectors, indicating that the commission will give these young people an opportunity to present their ideas to the public sector represented by the presence of a number of Ministers and officials in relevant institutions, in addition to a number of investors and businessmen interested in supporting this initiative.
Najjar indicated that these proposed ideas could turn into important investment projects that support the Iraqi economy and provide job opportunities to eliminate part of unemployment in Iraq, stressing the determination of the Commission to support young people and communicate their ideas to supporters from the private sector to establish these projects on the ground and pump new blood into the process Investment in Iraq complements the successes achieved by major investors and is a real extension of them.
On the same level, Minister of Finance Ali Allawi stressed in his speech: “There are intellectual potentials among young people, which the ministry seeks to support by establishing a fund for which 30 billion dinars has been allocated.
The ministry will also launch new initiatives to support youth companies, especially in the digital sector led by them. Young people, calling on the competent international institutions to contribute to expanding the amount of the fund to reach 50 billion during the next two years under the supervision and participation of a number of ministries.
The young participants in this initiative presented their project ideas to the public and private sectors, which included eight projects with innovative ideas that covered various economic sectors, including (industrial, technical, health, commercial, educational), and received support from investment companies and banks affiliated with the private sector.
Agreeing to hold direct meetings between young investors and supporters of their projects to put the final steps to implement them on the ground. / https://ninanews.com/Website/News/Details?key=927831
To read more current and reliable Iraqi news please visit BondLady’s Corner: