More Iraqi News Sunday PM 8-1-21
More Iraqi News Sunday PM 8-1-21
TLM724 Administrator BondLady’s Corner
Oil Announces Iraq's Oil Exports And Revenue In July
Energy Economy News – Baghdad The Ministry of Oil announced, on Sunday, the total exports and revenues achieved for the month of July.
The ministry said in a statistic seen by "Economy News", that the exported quantities of crude oil amounted to "(90) million (467) thousand and (794) barrels, with revenues amounting to (6) billion (513) million and (792) thousand dollars. ".
The statistics indicated that the total exported quantities of crude oil for the month of July from oil fields in central and southern Iraq amounted to (87) million (455) thousand and (359) barrels, while from Kirkuk fields through Ceyhan port, the exported quantities amounted to (3) One million (12) thousand (435) barrels.
The average daily exports amounted to (2) million and (918) thousand barrels, while the average price per barrel amounted to (72.001) dollars, according to the statistics.
Views 64 Date Added 01/08/2021 https://economy-news.net/content.php?id=25836
Planning: A Sharp Decline In Imports Over The Past Year
Money and business Economy News – Baghdad On Sunday, the Ministry of Planning announced a sharp decline in imports over the past year.
In a statement received by Al-Iqtisad News, the ministry's spokesman, Abdul-Zahra Al-Hindawi, said that "the report prepared by the Central Statistics Agency showed that the total imports for the year 2020 of commodity materials and oil products amounted to $15.4 billion, equivalent to (18.4) trillion dinars. Iraqi, recording a decrease of (25.9%) compared to the year 2019 as it amounted to (29.9) billion dollars, equivalent to (24.Cool trillion Iraqi dinars.
He added that "the percentage of decline compared to 2018 amounted to (58 percent), as it amounted to (37) billion dollars, which is equivalent to (43.Cool trillion Iraqi dinars."
And he indicated that "the Corona epidemic started since the end of 2019, while the total imports of non-oil commodities for the year 2020 amounted to (13.Cool billion dollars, equivalent to (16.5) trillion Iraqi dinars, recording a decrease of (23.2%) from the year 2019 where it amounted to ( 18.1) billion dollars, equivalent to (21.5) trillion Iraqi dinars, at the current exchange rate of the customs declaration.
Al-Hindawi added that "the total imports for the year 2020 of oil products amounted to (1.6) billion dollars, equivalent to (1.9 trillion) Iraqi dinars, with a decrease of (43.3%) compared to the year 2019 where it amounted to (2.Cool billion dollars, equivalent to (3.3) trillion dinars. Iraqi".
Views 65 Date Added 01/08/2021 https://economy-news.net/content.php?id=25834
The Housing Fund Announces An Increase In Its Capital To 4 Trillion Dinars
Money and business Economy News – Baghdad The Director of the Housing Fund, Dia Mujd, revealed that Prime Minister Mustafa Al-Kazemi agreed to increase the capital of the fund to 4 trillion dinars, while the director of the fund called on citizens who wish to apply for loans starting today, Sunday.
And the director of the fund said, in an interview with the official “Al-Sabah” newspaper and seen by “Al-Iqtisad News”, that “Al-Kazemi’s government supported the fund exceptionally and significantly, on the one hand, and directed to facilitate procedures for granting loans to citizens, providing service to them and overcoming the obstacles they face on the other hand.”
He pointed out that "this support is part of the government's efforts to solve the housing crisis by granting interest-free loans away from routine."
He added, "This support was translated into a number of measures, most notably extending the loan repayment period from 10 years to 20 years with an increase in the loan amount from 50 to 75 million dinars, and Al-Kazemi agreed to increase the capital of the fund from 1 trillion to 4 trillion dinars," explaining "This huge amount will be fully loaned, as it will be a strong start to resolving the housing crisis, especially since the housing sector moves more than 25 sectors."
He pointed out that "the Fund will start launching its loans today, Sunday, with open quotas and large numbers that differ from the previous ones, and the Minister of Construction, Housing and Municipalities, Nazanin Muhammad Wassou, directed to facilitate the procedures, and instructed all the departments of the ministry to support the Fund and the speed of correspondence, in order to provide the best services to borrowers," calling Citizens to “apply via the website through a mobile phone or personal computer, and not to resort to offices.”
Regarding the terms of the loans, the director of the Housing Fund explained that they are “granted to build or add a building and to all citizens without exception on the condition of the sponsor, but employees whose salaries are domiciled do not need a sponsor”
He explained that "the borrowing transaction requires a real estate deed of form (25), with a map of fixing the borders, a complete block, stamped by the Real Estate Registration Department, in addition to an original valid building permit with the building map, provided that the area is not less than 100 m and the area of the housing unit is not less than 65 m. As well as undertaking the sponsor's department and bringing personal documents to him.
He pointed out that "the Fund has loaned, since the beginning of this year, more than 13,000 loans, amounting to 371 billion and 802 million dinars, especially since the number of loans granted since the beginning of the Fund's work so far has reached 146 thousand loans, with an amount exceeding 3 trillion and 970 billion dinars." Noting that "the fund aspires to expand the lending base further."
And regarding the mechanisms for paying loan installments by citizens, he explained that “the guarantor is the real guarantor of the loan amount. For a period of 6 months for those who wish, without any late fines.
With regard to the amendments to the Housing Fund Law, Mujd stated, “The amendments we desire are to allow sponsorship and insurance companies to sponsor citizens, and to facilitate some procedures,” noting that “the Housing Fund is currently ready to implement the electronic governance system, but some government departments are unable and unwilling to ready for now."
Views 124 Date Added 01/08/2021 https://economy-news.net/content.php?id=25829
Securities: We Adopt A “Custodian” To Promote Foreign Investments
Sunday 01 August 2021 99 Baghdad: Hussein Thaghb The Chairman of the Securities Commission, Faisal Al-Haymes, confirmed the Commission's focus on the custodian system, which raises the levels of transparency and enhances foreign investments in the Iraqi stock market, pointing out that "foreign investments cannot be promoted through intermediaries and away from this internationally approved advanced system."
He said, "Expanding the scope of investment in securities represents a lofty goal for the authority, which made work in more than one direction in order to activate the reality of trading, as the last period witnessed the return of several companies suspended to trading, and we are working to return other companies, after we put in place mechanisms that guarantee the rights of Investors and the market activity has actually been enhanced.”
Right Decision
He pointed out that «investors in the stock market, should see the data of the joint-stock company, to then take the appropriate decision to invest or not, in order to have a clear picture of the nature and mechanisms of work and future plans, and the percentages of profits achieved, as we strive to be safe and reassuring trading. to the investor.
Trading Period
And he indicated that “the trading hours were extended to four o’clock after it ended at 12 noon, as the trading period was extended two days a week, and after an increase in trading spread, a decision was made to invest from Sunday to Thursday in a move that allows the largest number of people to trade. of investors in the stock market.
He said: "The Authority called on the Arab Securities Commission to hold the next meeting in Baghdad, and the invitation was accepted by the Federation of the Arab Securities Commission, to be organized during the year 2023."
Illegal Investment
He pointed out that “local sums of money are invested illegally by companies called (forex) and a committee was formed under our chairmanship after discussing the issue with the General Secretariat of the Council of Ministers, with the membership of the Central Bank, the security authorities and a number of companies, to follow up on this matter, which puts large capitals at risk due to illegality. This trend, and far from guarantees provided to the investor that his money is directed to invest legally».
He revealed the authority's tendency to establish cooperation with the World Financial Syndicate in the field of training and transfer of expertise to international brokers in the financial markets, to obtain new skills that enhance the relationship with the community and convey the image of trading and its objectives and the benefit achieved from that.
Serious Movement
To that, the economic affairs specialist, Mustafa Muhammad Ibrahim, stated that “the reality of trading in the stock market represents the extent of the activity of the national economy, and despite the challenges that Iraq and the world have witnessed in recent years and the decline that all international economies have indicated, we find in Iraq that there is a serious movement to activate the reality Trading by increasing the trading hours, which allowed new categories to enter the trading movement.”
He pointed out that “the Iraqi Stock Exchange can be described as promising because there is a large volume of work, and a serious desire to move the joints of the national economy.” LINK
Integrity Develops A New Anti-Corruption Strategy
Sunday 01 August 2021 258 Baghdad: Nassar al-Hajj The Integrity Commission has developed a new strategy to combat corruption, indicating that its main purpose is to raise the level of integrity and achieve a tangible decline in corruption.
The authority's media center explained, to "NAI", that "the strategy will adopt the national indicators (the National Integrity Index, the National Corruption Risks Index, and other national indicators) under unified institutional mechanisms to monitor and diagnose corruption phenomena, and follow up the efforts of the executive bodies in analyzing the causes of external phenomena and phenomena. of its emergence, and the efforts of the Federal Integrity Commission in following up and measuring the progress made in treatment according to the nature of the phenomena. LINK
Al-Araji And Tueller Discuss Ending The Presence Of Combat Force In Iraq
Sunday 01 August 2021 206 Baghdad: morning National Security Adviser Qassem Al-Araji discussed with the US ambassador in Baghdad, Matthew Tueller, the follow-up to ending the presence of combat force in Iraq.
A statement by the chancellery stated that Al-Araji met, yesterday, Saturday, with the US ambassador and the commander of the international coalition in charge of following up on ending the presence of any combat force in Iraq, General Calvert. During the meeting, they talked about the outcomes of the Prime Minister's visit and the technical delegation to Washington, as well as discussing the political situation and security and the security of the upcoming elections.
Al-Araji stressed that the visit of the Prime Minister and the technical delegation to Washington was successful by the standards of the state and national sovereignty, and it achieved important outputs that benefit Iraq and its people with more security and stability.
For his part, the US ambassador indicated that General Calvert was informed of the follow-up to the outputs of the technical agreement to end the presence of any combat force by
12/31/2021, as well as continuing to provide assistance and support to Iraq in fighting ISIS at the present time, while General Calvert affirmed readiness to provide support as needed, for joint operations after its hiatus. The US ambassador also stressed that his country welcomes any diplomatic effort that leads to restoring normal relations with Iran, pointing to Washington's unwillingness to escalate with Tehran, especially in Iraq. LINK
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