More Iraqi News Sunday PM 9-19-21
More Iraqi News Sunday PM 9-19-21
TLM724 Administrator BondLady’s Corner
Al-Amiri Promises The “Lord Of The Land” A Promising Plan And Pledges To End The “Occupation Of The Dinar”
Sat, 18 Sep 2021 11:15 AM Baghdad / National News Center Today, Saturday, the Secretary-General of the National Producer Gathering, Jassim Al-Amiri, launched his election campaign for the early parliamentary elections scheduled for the tenth of next October, listing his step within the framework of “change” and a promise to reform the agricultural and industrial sector and end the occupation of the Iraqi dinar.
Al-Amiri said in a statement, received by the "National News Center", that "we have a few days to choose one of the two paths, the first is actual and practical reform, and the second is for the situation to remain as it is now."
He added that "the first path, despite its difficulty and rugged roads, is the approach adopted by the National Producer's Assembly," stressing "the determination of the National Producer Group" to achieve actual reform through the ballot boxes, and our plan in this is to develop the agricultural sector and for the Iraqi farmer to be the master of the land and its producer.
And he indicated that "the plan includes the development of the industrial and banking sectors, accompanied by the practical sovereignty of the national product," pledging to "end the external occupation of the Iraqi dinar by certain and specific countries." https://nnciraq.com/87196/
Finance Talks About The Salaries And Promotions Of Employees
Sunday, 19 September 2021 9:22 AM Baghdad / Al-Watan news center
The Parliamentary Finance Committee confirmed, on Sunday, that the employees’ salaries are secured and that the financial surplus allows for the release of upgrades, noting that If the experience of the Central Bank fails to reduce the dollar exchange rate, the trend in the coming years will be towards re-exchange to the old rate.
Committee member Naji Al-Saeedi said in a press statement, “The salaries of employees in the current budget are absolutely secured, and there is a surplus and there is no deficit in the budget, and this surplus can be used to launch bonuses and employee promotions, and most ministries’ budgets allow this.”
Al-Saidi added, “Special job grades will be launched for all ministries in the next budget,” noting that “with regard to promotions, as we know, they have been suspended for years, but most ministries allow promotions, including the Ministry of Education, and there is a plan in the rest of the ministries, and the financial allocation for the rest of the ministries will be provided and launched in Next years".
As for the price of the dollar, the committee member explained, “It is a governmental issue that has nothing to do with the House of Representatives, and it is an arithmetic issue through calculating the general revenues of the budget,” stressing that
“if there is a failure in the experience of the Central Bank about reducing the exchange rate of the dollar against the dinar, the trend will be in The coming years are about changing the exchange rate and returning it to its previous era, by allocating the price of the dollar and selling it in the markets in order to stabilize its exchange rates.”
With regard to contracts, Al-Saidi said that “according to the text of the law, those who have completed five years will be fixed on the permanent owners, and those who are not confirmed, this is due to the issue of local revenues because their budget is self-balancing.” https://nnciraq.com/87407/
Al-Khafaji Stresses The Importance Of The Agricultural Sector In Supporting The Economy And Managing The Water File
Saturday, 18 September 2021 11:01 PM Baghdad / National News Center Today, Saturday, the Minister of Agriculture, Muhammad Al-Khafaji, stressed the importance of the agricultural sector in supporting the economy and managing the water file, explaining that the Corona crisis imposed a new reality related to achieving food security.
The ministry stated in a statement received by the "National News Center", that "the minister participated today in the Water Security Conference, which was held in cooperation with the Ministry of Water Resources under the slogan (Water security is one of the most important pillars of national security)."
Al-Khafaji said, according to the statement, that “food security is closely related to water security,” noting that “Iraq can invest the agricultural sector and the economic aspect as a pressure card in the water file by including the issue of trade exchange as one of the approved bases in managing the water file.”
He added, "The Corona crisis imposed a new reality related to achieving food security, and that there is a great development that has been achieved in food security, whether in poultry or the food basket."
Al-Khafaji explained, "The allocations of the ministries of agriculture and resources in the public budgets were limited until 2010, when the agricultural initiative was launched, as well as attention to food security."
https://nnciraq.com/87379/
Recommendations For Restructuring The Insurance Sector To Increase Its Effectiveness
Saturday 18 September 2021 111 Baghdad: Hussein Thaghb Finance Minister Ali Abdul-Amir Allawi said that the state's reform orientations include promoting the insurance sector and rehabilitating it in a way that advances the national economy.
He added during his speech at the first annual international scientific conference “Reform of the insurance sector in Iraq, challenges of reality and future opportunities,” which was held under the slogan (economic reform is our way to improve the performance of financial institutions), that “the insurance work environment must be transparent and clear, and be based An informative media campaign targeting all segments of society.
The head of the Insurance Bureau, Israa Saleh, confirmed that “the insurance sector is supportive of all sectors,” noting that “this sector was negatively affected by the policies that Iraq witnessed and by the wars and siege, which led to the leakage of insurance competencies outside the country, as Iraq was one of the insurance pioneers in the Arab region.”.
Saleh pointed out that "this sector needs to rehabilitate its human resources through specialized institutions, especially since this sector needs a lot of work in order to advance, and that the white paper referred to the development of the insurance sector's performance."
The first session of the conference, which was chaired by Prof. Dr. Falah Hassan Thuwaini, included the presentation of seven research papers.
The second day of the conference included two sessions.
The first session was chaired by the Dean of the College of Business Economics, Prof. Dr. Nagham Hussein Nima, and included four participations from outside Iraq, and four researches from within, as well as Contribution of experts from insurance companies.
While the third session, chaired by Dr. Haitham Abdel-Khaleq, included the presentation of four scientific research papers.
The conference touched on revitalizing the insurance sector in the Iraqi market, through the three conference axes, as the first included the legal and administrative framework for insurance, while the second axis described the insurance products and services provided by insurance companies, and the last axis was about the future prospects of the insurance sector.
Mustafa Muhammad Ibrahim said that “the role of the insurance sector in the Iraqi stock market is evident through the market value of shares, and its comparison with the banking sector, which competes with it in achieving a continuous return for this sector, in order to achieve a high return for financing economic activities, as well as spreading insurance awareness among The public and focus on this sector because of its important role in achieving the economy sustainable.”
At the conclusion of its work, the conference recommended restructuring the insurance sector in Iraq towards increasing its effectiveness and competitive capabilities, by ending the monopoly of government companies on insurance activity, and building and developing a dynamic model that suits Iraqi insurance companies, accommodating environmental changes in the local and international insurance sector.
In addition to the adoption of the concept of strategic thinking by senior administrative leaders, because of its importance in the insurance industry and achieving leadership in business, selecting administrative leaders according to the criteria of merit and efficiency, and activating the concept of social responsibility for organizations as an ethical approach to advancing society at all levels.
The recommendations stressed the need to adopt innovative marketing strategies and use technology-based promotional methods modern. https://alsabaah.iq/54535/
Al-Kazemi’s Advisor Admits That There Is A Financial Deficit In The Draft Budget 2022
Economy Saturday 18 September 2021 | 02:31 PM| Number of readings: 231
The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, acknowledged, on Saturday, the existence of a financial deficit in the draft general federal budget law for the year 2022, indicating that it is of a consumer nature and there is nothing left for development and projects .
Saleh said, "The public financial dilemma in Iraq is that oil and non-oil revenues are also not sufficient to fill the operating budget, and therefore are of a consumer nature, and there is nothing left for development and projects ."
He added that "in previous budgets, projects are financed through a deficit that is based on internal or external borrowing," stressing that "there is a trend towards borrowing in the 2022 budget bill ."
And he indicated that "the 2022 draft budget is in the process of preparation, but it is expected that the fiscal deficit in it will be less than 50%, and therefore it will differ from the deficit of the 2021 budget."
https://aynaliraqnews.com/index.php?aa=news&id22=151805
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