More Iraqi News Sunday PM 8-7-21
More Iraqi News Sunday PM 8-7-21
TLM724 Administrator BondLady’s Corner
A Slight Increase In The Exchange Rates Of The Dollar In The Local Markets
Economie| 10:37 - 08/08/2021 Special - Mawazine News The dollar exchange rates recorded, on Sunday, a slight increase in the main stock exchange and local markets, in the capital, Baghdad.
And the correspondent of "Mawazine News" in the capital stated, "The dollar exchange rate increased on the Central Kifah Stock Exchange in Baghdad, recording 147,950 dinars, for each $100 bill."
And our correspondent added, "The prices of buying and selling the dollar in exchange companies and local markets in the capital, Baghdad, witnessed relative stability, as the selling price reached 148,500 dinars, for each denomination of 100 dollars, while the purchase price amounted to 147,500 dinars, for each paper denomination of 100 dollars. https://www.mawazin.net/Details.aspx?jimare=163089
Finance Continues Its Meeting To Prepare The Three-Year Budget Strategy
Part of the meeting of the Ministry of Finance in the presence of Minister Ali Allawi
Money and business Economy News – Baghdad Today, Sunday, Minister of Finance Ali Abdul-Amir Allawi chaired the sixteenth session of the Committee for the Preparation of the Federal General Budget Strategy for the medium term 2022-2024 .
The meeting was held in the presence of: the head of the General Authority for Monitoring Federal Ministries' allocations, the undersecretary, the prime minister's advisors, the ministry's advisor, and a number of the ministry's general managers .
A statement issued by the Ministry of Finance stated that during the session, a comprehensive report was presented on the strategic plans for the governorates of (Babylon, Anbar, Dhi Qar and Wasit) and their future vision in the context of achieving economic development, activating the investment aspect in them, supporting efforts to advance the service and infrastructure reality and providing opportunities Work and reduce poverty levels in those governorates .
The meeting also discussed determining the ceilings of oil and non-oil revenues and discussing them according to the report submitted by the head of the General Authority to monitor the allocations of the federal ministries Allawi stressed the importance of adopting systematic mechanisms and steps in accordance with scientific frameworks, including according to the economic reform paper (white paper).
Views 43 Date added 08/08/2021 https://economy-news.net/content.php?id=25919
After Canceling The US Authorization To Use Force In Iraq, Washington Will Resort To A Limited Response
Posted On 2021-08-08 By Sotaliraq Observers believe that the US authorization for the use of force in Iraq, linked to and restricted by the 1991 and 2002 permits, has expired, after the repeal bill submitted by the US Senate, to move the matter to the umbrella of the international coalition, which operates under an absolute mandate from the UN Security Council within the scope of confronting terrorism, which is This gives legitimacy to the presence of US forces in the Middle East and the region.
The Iraqi political analyst, Raad Hashem, says that canceling the mandates in Congress came at a time when Iraq needs support to combat terrorism, and at a time when US forces are being targeted in Iraq, which makes it strange to talk about canceling those mandates in this circumstance.
A professor of political science at the University of Baghdad, and the former ambassador to the Iraqi Foreign Ministry, Qais al-Nuri, according to Russian Sputnik, says that even in the event of the issuance of this American project, which provides for the abolition of the authorization to use military force in Iraq, this does not mean in any way that the American forces will not resort to a limited response in Iraq. The case of its forces under armed attack.
The US State Department had announced earlier that the administration of President Joe Biden supports the repeal of the 2002 Iraq War Authorization Act.
US Deputy Secretary of State Wendy Sherman said last Tuesday that the Biden administration supports repealing the law because it is no longer necessary to protect US interests for the foreseeable future, and for the State Department, repealing the 2002 authorization for the use of military force will not affect our diplomatic activities.
Sherman continued, "The ministry has made it clear that we do not have ongoing military activities that rely solely on it, and that its cancellation will have little impact on military operations."
About two decades ago, the US Congress had passed a law giving then-President George W. Bush the green light to launch US military operations in Iraq, where it was believed that the late Iraqi President Saddam Hussein was hiding weapons of mass destruction. LINK
The General Secretariat Of The Council Of Ministers Sponsors The Meeting Of The Ration Card Automation Project And Integration With The Social Network
Money and business Economy News – Baghdad The General Secretariat of the Council of Ministers sponsored a meeting on the stages of completion of the ration card automation project, with the participation of representatives of the Ministries of Trade, Labor and Social Affairs and the United Nations World Food Program .
The Director General of Planning and Follow-up at the Ministry of Commerce, Ibtihal Hashem, reviewed the most prominent steps that have been completed within the framework of this project, stressing that reliance on the automation of the ration card comes to verify the data now, and in the future it will ensure the supply of the covered groups through smart applications .
She explained that the application of electronic catering was experimentally applied in Najaf, and relied mainly on the ration card, and achieved positive results, adding that the automation project will be completed before the end of this year .
For his part, the representative of the World Food Program, Ali Reda Al-Qurashi, highlighted the most prominent technical stations and the provision of necessary data protection in coordination with the Ministry of Interior .
The project is based on the use of the fingerprint or iris system and updating household data in order to provide a solid database that includes control and monitoring, preventing recurrences, detecting fictitious individuals, accurately blocking travelers and the deceased, and using a catering application in cooperation with the World Food Program to enable the citizen to follow up on the arrival of the ration To the agent for the purpose of receiving it without delay, as well as conducting all ration card transactions, through the application, which will be provided to all mobile phones without the need to review the ration branches.
Thus, there will be control over the process of distributing paper ration card items and reducing corruption and waste of public money .
The project conducts an integrated link between the Ministries of Commerce and Interior by building an intermediate system to verify citizens' data when they submit the unified national card or civil status identity to eliminate cases of fraud and provide a solid database .
It is noteworthy that the World Food Program bears the total financial costs of this project.
Views 43 Date added 08/08/2021 https://economy-news.net/content.php?id=25920
The Minister Of Oil Hopes That The Region Will Open A New Page To Solve The Outstanding Oil Problems
Minister of Oil Ihsan Abdul-Jabbar with Minister of Natural Resources Kamal Al-Atrushi
Energy Economy News – Baghdad The Minister of Oil welcomed cooperation with the Ministry of Natural Resources in the Kurdistan Region and his ministry's readiness to work to remove all technical and financial problems and obstacles in order to preserve the national wealth that belongs to the Iraqi people according to the provisions of the constitution .
Oil Minister Ihsan Abdul-Jabbar Ismail said during his meeting with Minister of Natural Resources Kamal Hamid Al-Atrushi that the federal government and the ministry stress the need to deal with high transparency with the management of oil wealth throughout Iraq, and work to solve outstanding problems through dialogue, exchange and respect of views while placing the national interest above all considerations. .
The Minister of Oil expressed his hope that the meetings and dialogues with the region, especially after Minister Al-Atrushi assumed his duties, would open a new page of serious objective dialogue to solve outstanding problems and serve the Iraqi people from north to south, according to the constitutional texts that organized the rights of the provinces and regions .
While the Minister of Natural Resources, Kamal Al-Atrushi, expressed his hope for joint cooperation with the Ministry of Oil and the Federal Government, and to work together to open new horizons in bilateral relations towards the optimal investment of national wealth in all parts of Iraq and to work on developing oil and gas fields and establishing joint projects in an integrative manner, leading to Good exploitation of oil wealth in the service of the public interest, and Al-Atrushi indicated that during the meeting with the Minister of Oil and officials in the ministry, he had seen great cooperation and response to discuss and solve all outstanding problems between the center and the region, as well as activating new formulas and agreements that guarantee cooperation for the development of the oil and gas industry in support of the national economy and sustainable development. . Views 106 Date Added 08/08/2021 https://economy-news.net/content.php?id=25921
Al-Rafidain Center For Dialogue, In Cooperation With The Association Of Banks, Organizes A Symposium To Qualify The Leaders Of Digital Transformation In Iraq
Part of the workshop for leaders of digital transformation in Iraq, which was held in Najaf Governorate. "Al-Iqtisad News"
Banks Economy News - Baghdad Al- Rafidain Center for Dialogue organized, in cooperation with the Association of Iraqi Private Banks, in Najaf Governorate, a symposium "Qualifying the Leaders of Digital Transformation in Iraq", in the presence of a number of elites and specialists.
During the symposium, the advisor of the Association of Private Banks, Sherwan Anwar Mustafa, gave his speech, which focused on the measures taken by the Central Bank and the government towards the transition to electronic payment, which will contribute to facilitating the business environment and removing the existing complications.
Mustafa confirmed that the Central Bank launched an initiative called Tamweel to support young people and all those wishing to establish projects, through soft loans and very appropriate interest rates.
The scientific assistant to the President of the University of Kufa, a number of specialists at the university, as well as the scientific assistant of the School of Gifted Students in Najaf, and representatives of the Najaf Chamber of Commerce and Industry attended the discussion.
Youssef Al-Awsi, coordinator of the project to qualify digital transformation leaders in Iraq, presented the most prominent stages he achieved, and one of the distinguished paragraphs was the participation of the young talented student Hawraa Salam Bayan (14), who was reported by the media about her obtaining and participating in the Digital Transformation Leaders Qualification Program, with up to 1,200 participants From the damage levels, including university students, in approximately 7,500 courses in various disciplines, and the equivalent of approximately 11,000 training hours
Views 62 Date Added 08/08/2021 https://economy-news.net/content.php?id=25922
Planning Reveals A High Monthly And Annual Inflation Index In Iraq
Economie| 01:36 - 08/08/2021 Baghdad - Mawazine News The Ministry of Planning announced, on Sunday, a rise in the monthly and annual inflation index in Iraq.
The Central Statistics Agency of the Ministry said in a report seen by Mawazine News that "the monthly inflation index for the month of June rose by 0.7% compared to the previous month," noting that "the annual inflation index also rose by 6.5% compared to the same month." from the year 2020".
He explained that "inflation came as a result of a 2.1% increase in housing prices, a rise in generator subscription fees in most of Iraq's governorates by 15.9%, fuel prices by 0.6% and rental prices by 0.2%."
The agency pointed out that "the restaurants and hotels department also recorded an increase of 1.5%, while the entertainment and culture department recorded a 1% increase," noting that "the miscellaneous goods and services department also recorded an increase of 0.8 percent."
The Central Bureau of Statistics had announced earlier last month that the monthly inflation for the month of May increased by 0.7% and the annual rate by 4.3%. Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=163117
Integrity Issues Its Report Regarding The Obstacles Facing The National Industry And Proposes Solutions
local| 12:29 - 08/08/2021 Baghdad - Mawazine News The Federal Integrity Commission recommended, on Sunday, approving the state's general budget at the beginning of the fiscal year; To facilitate the work of the productive ministries in rehabilitating and modernizing factories and factories; To enable it to meet the demand for its products, as well as to review the laws, decisions and instructions in force that represent an obstacle to the advancement of the national industry.
A report of the Authority’s Prevention Department, which it prepared to identify the extent to which various state departments use government sector products, through its visits to a number of ministries, received / Mawazine News / a copy of it: “The need for the state to protect the national industry by working hard to implement laws and decisions Customs tariff and consumer protection, in addition to provisions for controlling border ports to prevent entry of imported goods and merchandise without going through inspection, standardization and quality control, and conformity of those goods and merchandise to standard specifications.
The report, copies of which were sent to the Prime Minister’s Office, the Parliamentary Integrity, Economy and Investment Committees, the offices of the Ministers of Industry, Minerals and Agriculture, and the Head of the Military Industrialization Authority, stressed “to activate the laws and decisions that achieve a safe and sound environment to promote the local product,” noting “the necessity of imposing customs duties.”
And taxes on imported products, and activating the decision to protect the national product issued by the House of Representatives in 2019, which will reflect positively on the national product, and to prevent ministries from dealing with other than the local product.
He suggested, “Banks operating in Iraq should support the national industry by granting easy-interest loans to manufacturers for a long period of time to rehabilitate factories and laboratories, overcome obstacles to importing the necessary raw materials in the industry, reduce red tape, and put in place governing instructions with flexibility on contracting procedures. As for the producing ministries, it would contribute to speeding up procedures, ensuring the protection of public money and supporting the local product.
The report called for “the Ministry of Finance to allocate funds for the investment budget of the Ministry of Industry to rehabilitate factories and laboratories and modernize production lines, in addition to supporting (industrial dollars) to reduce the costs of imported raw materials entering the industry, which in turn affects the final price of the product.” "
He recommended, "the development of strategic plans that include increasing production and expanding its spread in local markets, and coordination between the producing and consuming ministries regarding the type and nature of the product and the possibility of processing, as well as the optimal use of production lines, the provision of specialized staff, and the inclusion of the actual need for human resources within the budget. The Ministry of Finance does this.
He urged, "to reconsider the law of the Ministry of Agriculture, with a view to changing the nature of its activity from service and research to production and extension, to expand the scope of work in a way that contributes to supporting the economy in a broader way, and activating the role of health control committees in coordination and cooperation with the relevant authorities in following up on markets, for the purpose of eliminating disease." The phenomenon of smuggled and expired products, and the imposition of severe penalties against violators. https://www.mawazin.net/Details.aspx?jimare=163110
Disruption Of Official Working Hours In All Governorates Tomorrow, Monday, On The Occasion Of The First Islamic New Year Of Muharram
Pratha News Agency153 2021-08-08 http://burathanews.com/arabic/news/397553
10 Billion Dollars The Volume Of Investments In Basra
Sunday 08 August 2021 76 Basra: conscious: Saad Al-Sammak The head of the Investment Authority, Suha Al-Najjar, confirmed that "the volume of investments in Basra amounted to 10 billion dollars." Al-Najjar said in her speech during the activities of the International Investment Conference in Basra:
“The volume of investment projects in Basra governorate amounted to 10 billion dollars,” noting that “the investment projects completed in the province exceed six billion dollars, while investment requests in Basra amounted to about three billion dollars.” dollar".
She pointed out that «Basra projects are the highest achievement among the provinces», indicating that «all investments in Iraq are profitable, and that investment projects in Basra are heading towards expansion, and most of them are non-oil».
The activities of the International Investment Conference were launched in Basra Governorate, in the presence of the Governor of Basra, Asaad Al-Eidani, and the President of the National Investment Commission, Suha Al-Najjar, with the participation of a number of investment companies.
In addition, Basra Governor Asaad Al-Eidani confirmed that the local government aspires to reach $100 billion to invest in Basra.
Al-Eidani said in his speech during the activities of the International Investment Conference in Basra: “The local government encourages the investment side by the private sector, and it aspires to reach $100 billion to invest in Basra,” stressing that “all investments in the province are supported.”
He pointed out that «Basra is ready for investment projects, and that the province will provide the appropriate environment for all investors in Basra».
The activities of the International Investment Conference were launched in Basra Governorate, in the presence of Basra Governor Asaad Al-Eidani and President of the National Investment Commission Suha Al-Najjar, with the participation of a number of investment companies. LINK
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