More Iraqi News Sunday Late PM 12-12-21
More Iraqi News Sunday Late PM 12-12-21
TLM724 Administrator BondLady’s Corner
Iraq's Oil Exports To America Rise Within A Week
Energy Economy News _ Baghdad On Sunday, the US Energy Information Administration announced that Iraq's oil exports to the United States increased to 248,000 barrels per day, on average, during the past week.
The administration said in a report seen by "Economy News", that "the average US imports of crude oil during the past week from eight countries amounted to 5.686 million barrels per day, down by 183,000 barrels per day from the previous week, which amounted to 5.869 million barrels per day."
And she added, "America imported crude oil from Iraq at a rate of 248,000 barrels per day during the past week, higher than the week before, in which exports averaged 221,000 barrels per day."
She noted that "most of America's oil revenues during the past week came from Canada, at a rate of 3.869 million barrels per day, followed by Mexico at a rate of 625,000 barrels per day, followed by Saudi Arabia at a rate of 393,000 barrels per day, then Brazil at a rate of 233,000 barrels per day."
According to the administration, "the amount of US imports of crude oil from Nigeria reached an average of 175,000 barrels per day, followed by Trinidad and Tobago at a rate of 72,000 barrels per day, and then Colombia came with 71 thousand barrels per day."
Views 200, date added 12/12/2021 https://economy-news.net/content.php?id=26922
Dollar Exchange Rates In Local Markets Today
Market Economy News _ Baghdad The exchange rates of the dollar rose, today, Sunday, in the local markets.
And the selling prices of the dollar were recorded at 148,500 dinars per 100 dollars, while the purchase prices of the dollar were 148,000 dinars per 100 dollars.
And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, while the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar.
Views 138 Date added 12/12/2021 https://economy-news.net/content.php?id=26923
Learn About The Weekly Trading Indicators For The Iraq Stock Exchange
Iraqi Stock Exchange «Economy News» Market Economy News – Baghdad The value of the Iraqi Stock Exchange trading during the past week amounted to 7 billion dinars, after trading 7 billion shares during the same week.
The trading index closed in the market for the first session of the week at (563.66) points, while the index closed at the end of the week at (561.57) points, achieving a decrease of (0.37%) from its closing in the first session.
During the week, more than 4000 buying and selling contracts were executed on the shares of companies listed in the market.
Number of Views 75 Date Added 12/12/2021 https://economy-news.net/content.php?id=26920
Integrity And (GIZ) Sign A Memorandum Of Understanding To Enhance Cooperation In The Fight Against Corruption
Political 04:03 - 12/12/2021 Baghdad - Mawazine News, the Federal Integrity Commission and the German Agency for International Cooperation (GIZ) signed a memorandum of understanding; Aware of the seriousness of the problems and threats that corruption poses to the security and stability of societies, undermining democratic institutions and systems and the values of justice, and endangering the rule of law and sustainable development.
The memorandum, which was signed by Judge (Alaa Jawad Al-Saadi), head of the Federal Integrity Commission, and (Thomas Schiff) Country Director of the German International Cooperation Agency, in the presence of the Vice-President of the Commission, a number of its general managers and representatives of the German Embassy and the European Union in Baghdad, aims to consolidate and strengthen cooperation ;
For the purpose of preventing and combating corruption, supporting the capacity and institutional building of the authority, and developing and improving anti-corruption systems, strategies and policies, as it stipulated the formation of a joint committee between the two parties comprising experts and specialists to set up a follow-up mechanism and implement the articles and clauses of the memorandum, in addition to opening new horizons for cooperation to be agreed upon by both parties.
Reviewing the mutual benefit from the implementation of the activities and consulting on any issue related to the implementation of the memorandum.
The memorandum included the protection of the intellectual property rights arising from it in accordance with the laws and regulations of the two parties, provided that the authority does not bear any financial burdens resulting from the implementation of the memorandum, indicating the obligations of both parties. Drafting an action plan and a training curriculum for its implementation in cooperation and coordination with the agency, in addition to preparing legal approvals; To receive the donated devices, and prepare the specialized staff to work with them; to develop and develop their capabilities.
While the second party represented by the German Agency for International Cooperation (and according to what was mentioned in the memorandum) is committed to providing training and training of trainers in the field of anti-corruption, regulatory advice and capacity-building measures in the fields of (case management, process analysis, strategy development, quality management, and communication), as well as supporting Involve the authority in international partnerships with counterparts and provide support in preparing assessments of corruption risks in accordance with approved modern methods, and support in the field of skills development.
During the signing of the memorandum, the two sides expressed their happiness with this agreement, which the two sides aspire to reap its fruits and overcome the obstacles that may encounter the work of the national oversight bodies through fruitful cooperation, diagnosing the actual need, exchanging experiences and training. Aware of the seriousness of the repercussions of the scourge of corruption on sustainable development and the level of services provided to citizens, especially in countries that are subject to violence and that often have an environment that expels development and undermines investment opportunities, and often resorts to exceptions from some laws.
It is worth noting that the German Agency for International Cooperation (GIZ) is a German governmental development agency affiliated with the Federal Ministry for Economic Cooperation (BMZ), working to support the project for the development of the private sector and the promotion of employment in Iraq, commissioned by the German Federal Ministry for Economic Cooperation and Development and co-financed by the European Union. GMBH) (GIZ), strengthening government efforts; To create conditions for a business climate and directed investment in Iraq, and to provide advisory services for economic reforms. Ended 29 / https://www.mawazin.net/Details.aspx?jimare=178158
Jordan: We Are Looking For Industrial Partnerships With Iraq
Political | 04:46 - 12/12/2021 Baghdad - Mawazine News,the Jordanian ambassador to Baghdad, Muntaser Al-Zoubi, discussed today, Sunday, with the Minister of Industry and Minerals in Iraq, Manhal Al-Khabbaz, opportunities for cooperation and industrial integration between the two countries.
Today, during the meeting, the Jordanian ambassador announced the Jordanian government's keenness to consolidate relations of cooperation and joint work with Iraq, at all levels, in a manner that contributes to serving the peoples of the two brotherly countries.
He added that the Jordanian government is looking for Iraqi-Jordanian industrial partnerships to benefit both countries.
For his part, the Minister of Industry and Minerals in Iraq stressed the importance of strengthening cooperation and achieving industrial integration between Iraq and Jordan in various industrial fields in light of the direction of the governments of both countries to strengthen relations and bring them to the highest levels in a manner that achieves the higher interests of the two brotherly peoples.
He announced the Iraqi government's desire to reach effective and constructive partnerships with the Jordanian side to establish promising and vital projects that serve the industries of the two countries.
https://www.mawazin.net/Details.aspx?jimare=178163
Border Crossings And Electronic Work Mechanism
Sunday 12 December 2021 123 Suha Al Sheikhly Customs affairs specialists have made proposals to review the area of customs exemptions and their impact on the volume of revenue that the state collects for the value of annual actual imports, and they suggested conducting an objective review of the exemptions in force in order to rationalize them in line with the prevailing standards in the countries of the region.
Customs revenues represent an important source of budget financing in light of the expansion of the volume of imports of goods and merchandise.
Imported Goods
The official spokesman for the Iraqi Ministry of Planning, Abdul-Zahra Al-Hindawi, told {Al-Sabah}: {The weakness of the mechanisms for applying customs duties imposed on imported goods during the past years has caused a decrease in non-oil revenues and undermined local industrialization initiatives}.
Government policies in this area were in accordance with what was included in the five-year development plan
2018-2022 is moving towards imposing customs duties on luxury goods to enhance the revenue proceeds of the treasury, as well as working on regulating the process of imports for state institutions.
He pointed to the "necessity to reduce the phenomenon of random import and the phenomenon of economic exposure."
Customs Clearance
In the same regard, the customs director, Hayat Abdel-Zahra, expressed her “hope to organize the reality of customs revenues and to collect revenues in an accurate manner,” noting “there are percentages deducted that go to the governorate and the relevant institutions, and this affects the amount of accurate revenue that reaches the state treasury.”
Regarding the customs law, Abdel-Zahra confirmed that it is “approved in all ports, but its implementation varies from one port to another. }.
Automation Systems
And demanded: {by adopting advanced global experiences that adopt advanced automation systems that facilitate all operations and keep everyone away from the complexity that accompanies customs performance}, indicating that {the volume of imports to the Iraqi market is large and includes goods arriving from various global markets, and can achieve a large volume of revenue for the country, when It adopts sophisticated collection systems that do not allow it to be hacked.
National Economy
Economic sources confirmed on more than one occasion that the imposition of customs tariffs has benefits on the national economy, as it leads to the operation of factories in all sectors, public, mixed and private, with their available capacities with the aim of reaching the design capabilities and in the sense that they are able to market their production locally and even it is possible to put The goal of exporting its products, especially for the production of new industrial projects that can be implemented with direct private investment or by participation, and lead to the improvement and support of local industrial capabilities technically and services in terms of increasing diversity in products, increasing productivity and maintaining quality, and taking into account the reduction of costs in a way that enhances its competitiveness. LINK
Oil Minister: We Plan To Produce 8 Million Barrels Per Day
Sunday 12 December 2021 183 Architecture: Saad Hassan Oil Minister Ihsan Abdul-Jabbar revealed that he is seeking to increase oil production to 8 million barrels of oil, while working to increase the quantities of gas produced from oil fields. Yesterday, Saturday, the minister inaugurated a project to isolate gas and upgrade crude specifications during a ceremony held in Bazarkan oil fields in Maysan. Abdul-Jabbar told Al-Sabah: The ministry plans to increase production to 8 million barrels per day, while increasing the production of gas quantities in the oil fields. He pointed out that all the programs and plans implemented by the oil sector companies aim to achieve two goals:
The first is to reach the increases The plan is to extract crude oil within the coming years, and the second is to invest all quantities of gas produced in all fields, in order to stabilize the provision of gas supplies for the production of electric power and all industries associated with it.
For his part, the Director General of Maysan Oil Company, Ali Jassim, told Al-Sabah that the new projects are a series of projects implemented by his company in cooperation with international companies and contracting companies, with the aim of increasing production capacity and improving the quality of oils extracted from the ground. LINK
70 Exchange Companies Resume Their Work In Nineveh
Sunday 12 December 2021 209 Mosul: Shorouq Maher Seventy exchange companies resumed their work in the city of Mosul, after stopping for more than seven years, and this was after the National Security Agency completed its fundamental audit.
The last session of the Council of Ministers, which was held in Mosul during the month of August, had voted to allow all exchange companies to return to work inside the city again.
The mayor of Mosul, Zuhair Al-Araji, told Al-Sabah: "The re-work of the banking companies will contribute to improving the city's economy, and facilitate the work of shop owners and businessmen, as a contribution to efforts to restore economic life to what it was before the events of June 10, 2014."
He added, "More than 70 exchange companies in the city had submitted their papers to re-license their work, and it was approved to resume their work after being audited by security," pointing out "the great importance of maintaining the presence of two border outlets in it with Turkey and the Kurdistan Region." LINK
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