More Iraqi News Saturday PM 6-12-21
More Iraqi News Saturday PM 6-12-21
TLM724 Administrator BondLady’s Corner
The most important thing in the meeting, which was chaired by Prime Minister Mustafa Al-Kazemi, today, Saturday, and included directors of service departments in Dhi Qar Governorate June 12- 2021
🔵 Construction and service projects in Dhi Qar Governorate have been delayed for many years, due to the accumulated and ongoing crises.
🔵 Today we are facing relative stability that we must preserve and invest in to move forward strongly towards providing services to our people in the governorate and launching and completing urban projects in it.
🔵 There are strategic projects such as Nasiriyah Airport, which today we laid the cornerstone for construction and rehabilitation. I call on everyone to cooperate in achieving it as soon as possible.
🔵 Large projects in Dhi Qar Governorate, such as Nasiriyah Airport, may open the way for several and diversified investments in the fields of tourism, transport and trade.
🔵 I had previously directed the ministers to hold regular visits to Dhi Qar Governorate and to pay attention to its problems and issues, and today I renew our directives to the ministers to continue to come to Nasiriyah, pay attention to lagging projects and work on developing the governorate.
🔵 We directed the brothers working in the governorate administration to work hard and diligently, continuous coordination and cooperation to improve the situation of the governorate.
🔵 We directed an inventory of lagging projects to address them, the people of Nasiriyah are our people and they deserve all our effort and sincerity, after years of deprivation and the accumulated problems they have suffered. The current government is largely constrained by the restriction of the financial budget.
https://pmo.iq/press2021/12-6-202107.htm
Financial Control Reports Reveal Billions Of Dollars In Tax Evasion
Saturday 12 June 2021 307 Baghdad: Huda Al-Azzawi A member of the Parliamentary Legal Committee, Hussein Al-Aqabi, announced the existence of tax evasion for major companies operating in the private sector, estimated at billions of dollars, revealed by auditing the reports of the Financial Supervision Bureau for the work of the Tax Authority.
Al-Uqabi said, "We recently discovered, through auditing the financial control reports for the work of the Tax Authority, that there is a great tax evasion that has led to a waste of public money, and official documents indicate that major companies in the private sector have evaded for years from paying taxes estimated at billions of dollars."
And he indicated that "among those tax evasion companies are oil companies, banks and tourism companies, and this evasion leads to a waste of public money, and these companies are still evading paying their taxes."
Al-Uqabi wondered: "If these large, clear, identified and well-known companies are evading taxes, how about other people who own medium and small companies?"
The deputy called on "the government and its institutions, advisors to the Prime Minister and the Ministry of Finance and Planning to read the financial control reports and to hold these companies that have evaded tax payments for years accountable because they are a criminal offense punishable by Iraqi law."
While legal expert Tariq Harb explained in an interview with "Al-Sabah" that "everything mentioned in the reports of the Financial Supervision Bureau is true."
Harb indicated that "the financial payment must be made by these companies, whether they abstained or stopped paying a year or ten years ago, because the financial payment may drop the penal side because failure to pay entails a penalty." He added that "if the penal side falls, the financial side remains." The amounts due from them must be paid," stressing "the possibility of moving the criminal complaint against these companies now." LINK
Implementation Of The Single Window System In The Ports Of Iraq
Saturday 12 June 2021 93 Baghdad: morning The General Company for Iraq Ports, affiliated to the Ministry of Transport, organized an extensive workshop with a coalition of Canadian companies in the presence of consultants to implement the single window system in Iraq's ports, headed by the company's general manager, Farhan Muhaisin Al-Fartousi, and in the presence of a number of department managers and the supervisory committee.
A statement by the company, received by Al-Sabah, stated that during the workshop, a demonstration of a model of the single window program was presented, which will be applied in the ports of Iraq.
The statement quoted Al-Fartousi as saying, "Based on the directives of the Minister of Transport, Captain Nasser Hussein Bandar Al-Shibli, we have started work on this program, which is one of the most important strategic projects for the company in order to reach a high degree of smoothness and ease in performing the work." He added, "The single window program will allow the company's management to electronically control the various operations from the departure of ships from their source to our ports, including handling and unloading of goods and collection work, ending with the external gates of the ports."
For his part, the representative of the coalition of Canadian companies, Dr. Salam Badr, explained, according to the statement, that their coalition "will transfer the experience of Canadian companies in the field of port management electronically to the General Company for Ports of Iraq."
He explained, "We will complete the development of the comprehensive plan and roadmap for comprehensive digital transformation, according to an in-depth study to implement interconnected systems, with each other resulting in a maritime single window system."
He continued, "We are now in the stage of collecting information and data in order to map the digital transformation of ports, which will be in contact with the world's ports according to the requirements of the International Maritime Organization (IMO)."
On the other hand, the company confirmed the completion and rehabilitation of the road linking to the gate of AB Square 24.25 in the northern port of Umm Qasr, noting that it has entered service to contribute to solving bottlenecks and truck congestion.
The company’s general manager, Farhan Muhaisin Al-Fartousi, said: “Our company has completed the rehabilitation of the road linking AB 24.25 Square and Umm Qasr North Port Square, as it entered service with the aim of relieving bottlenecks and truck congestion inside the port.
In turn, the Director of the Road Rehabilitation Project, Chief Engineers of Ghosoun Khalaf, explained that "the road was implemented by one of the joint operating companies, in an initiative to provide the best services after the directives, by rehabilitating the internal roads of the port."
Khalaf asserted, "This road has been rehabilitated, with a length of 300 m and a width varying from 34 m to 17 m, and infrastructure works have been carried out for it, including edging and paving, according to high specifications." LINK
The Iraqi Stock Exchange Is Trading Shares Worth 63 Billion Dinars
Time: 06/12/2021 12:31:24 Reading: 1,469 times {Economist: Al Furat News} The Iraqi Stock Exchange (the Stock Exchange) announced on Saturday that 63 billion shares were traded with a financial value of more than 63 billion dinars during the past week.
The market said in a report that "the number of companies whose shares were traded during the past week amounted to 47 joint-stock companies, while the shares of 38 companies did not trade due to the lack of convergence of the prices of purchase orders with sales orders, and 18 companies continue to be suspended for not providing disclosure, out of 103 companies listed in the market." ".
He added that "the number of traded shares amounted to 63 billion and 456 million and 579 thousand shares, an increase of 15% compared to the previous week, and with a financial value of 63 billion and 793 million dinars, an increase of 10% compared to the previous week through the implementation of 2326 deals."
He pointed out that "the ISX60 traded price index closed at 565.10 points, recording a decrease of 0.90% compared to its closing in the previous session."
And the market indicated that "the number of shares purchased from non-Iraqi investors for the past week amounted to 278 million shares, with a financial value of one billion and 293 million dinars through the implementation of 238 deals, while the number of shares sold from non-Iraqi investors reached nine billion shares with a financial value of 10 billion dinars through the implementation of 84 deals.
It is noteworthy that the Iraqi Stock Exchange organizes five trading sessions per week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels. LINK
Report: US sanctions await Iraq because of Russian weapons
Political | 02:30 - 12/06/2021 Follow-up - Mawazine News The American Defense Journal published a detailed report on Iraqi aspirations about the possibility of Iraq moving strategically to purchase huge quantities of Russian weapons, in compensation for the lack of American and European arms exports to which Iraq may be exposed, as a result of the missile attacks against the military bases of these countries. in Iraq.
The American session on armaments affairs held a number of meetings with advisers to international armament institutions, who agreed that Iraq has long-term plans to find new sources of arms supplies, and that its preference for Russian weapons stems from two important details.
The first relates to the traditional Russian weapons systems that are still used in Iraq, like the Russian Pantsir air defense system, also has a group of MI24 attack helicopters, and the intended Russian weapons can be easily linked to these systems. Likewise, Russia's international political weight, particularly from the Middle East, and in terms of being a permanent member of the Security Council, gives it priority in Iraq in the arms purchase file.
Arms experts confirmed that there are two different levels of Russian weapons that Iraq can buy. Conventional systems that may not affect the American and European defense systems in Iraq, and the entire region, such as the S300 defense system and Sukhoi aircraft of various types, and there are complex defense systems, such as the S400 air defense system, that may overlap and disintegrate the American air defense systems in Iraq, and the entire region. And since the decision to purchase these advanced systems will expose Iraq to American "anger", and possibly sanctions.
The spokeswoman for the State Department during the previous US administration, Heather Nauert, had said in public statements that Iraq would be subjected to US sanctions according to the US "CATSA Law" if it purchased advanced Russian air defense systems, and that her country's government had contacted the Iraqi government in this regard, And Iraq knows very well the consequences of doing so. The institutions of the new US administration have not issued anything that might contradict that, which means that the US restrictions are still in effect.
The Iraqi military analyst Mamdouh Alwan Al-Janabi explained, according to the "Sky News Arabia" website, the pressures that Iraq is currently subjected to in the shadows of this duality. At the same time, the largest force supporting it in this war, i.e. the forces of the international coalition, is subjected to military attacks by major forces from inside Iraq.At this time, Iraq expects the forces of the international coalition to leave soon of its territory, and consequently the possibility of defeat, or at least weakening, in the face of ISIS.”
Iraq has been one of the most important suppliers and military partners of Russia or the former Soviet Union since the early seventies of the last century, when the two sides signed the famous Treaty of Friendship in 1972, which raised the levels of armaments of the Iraqi army in a remarkable way, after Iraq purchased Russian weapons worth more than 30 billion dollars during three decades .
Those military relations between the two countries resumed after 2008, after Russia canceled the weapons debts accumulated with the Soviet era, which amounted to nearly 13 billion dollars, in exchange for contracts in the field of oil, especially in the West Qurna field project, whose production capacity exceeds 12% of Iraq’s production. for oil.
As of the following year, Iraq began buying Russian weapons, including a deal to purchase 36 combat helicopters worth $1.3 billion, and another contract worth $4 billion to supply the Russian Pantsir system with the necessary missiles. Detailed contracts between the two countries continued at an average of $1.7 billion, but without any contracts. about strategic weapons.
The commander of the US Central Command, Frank McKenzie, had warned in statements to the Associated Press of the Russian and Chinese overreach in the areas of regional influence from which the United States seeks to withdraw, especially in terms of creating strategic partnerships in the field of arms.
The American general meant the deterioration of the situation and the imposition of sanctions between the United States and Turkey, following the latter’s purchase of a Russian defense system, and the possibility that the matter would apply to Iraq itself, especially after the American company Lockheed Martin announced the return of its F16K fighter plane to save its crews from missile attacks by militias, which may Iraq pays to buy alternative defense systems.
Aram Nerguizian, a senior advisor in the Program on Civil-Military Relations in Arab Countries at the Carnegie Middle East Center, explained in an interview with Defense website the difficulty of Iraqi options from being able to balance the United States and Russia inside Iraq.
"Russia can certainly play a role in modernizing or replacing some of Iraq's old systems," he said. "While Iraq continues to operate Russian-origin attack helicopters. Russia has already sold a different type of T-90S battle tank, but the bigger question is how Iraq can maintain A mixed fleet of U.S. and Russian armor.
Russia could also try to sell Iraq systems that can increase armor mobility and fixed-wing multirole aircraft — 4.5-generation aircraft such as the Su-35 and its derivatives — and continue to explore ways to offer Iraq options for multi-layered air defense systems." https://www.mawazin.net/Details.aspx?jimare=156675
Dollar exchange rates for Saturday
Time: 06/12/2021 09:52:27 Reading: 4,368 times {Economic: Al Furat News} The exchange rate of the dollar against the dinar varied in the governorates' exchanges.
Exchange rate (approximate) 149,500 150,500
Basra / Bursa 150,200 Mosul / Bursa 150,400 LINK
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