More Iraqi News Sunday PM 9-20-20
More Iraqi News Sunday PM 9-20-20
TLM724 Administrator BondLady’s Corner
Integrity Chief: Our Work Does Not Intersect With The Anti-Corruption Commission
Time: 09/20/2020 13:03:13 Read: 2,184 times {Baghdad: Al Furat News} The head of the Integrity Commission, Judge Alaa Jawad Hamid, confirmed, on Sunday, that the work of the commission does not intersect with the permanent committee to combat corruption and important crimes.
A statement by the commission stated that "the head of the Federal Integrity Commission, Judge Alaa Jawad Hamid, received at the headquarters of the Commission today the Chairman of the Permanent Committee to Combat Corruption and Important Crimes, the human rights team, Ahmed Abu Ragheef, to discuss ways of joint cooperation between them."
According to the statement, the president of the commission indicated during the meeting, “the commission’s readiness to fully cooperate with the committee in order to achieve the desired goal in the pursuit of combating corruption and recovering and preserving public funds.” For oversight agencies, law enforcement agencies, and representatives of other state institutions, working under the supervision of the judiciary.
He pointed out that “the outputs of the committee’s work are presented to a competent judge, and that its procedures will be under the umbrella of the judiciary and in cooperation with the supervisory agencies,” stressing that “the goals of the commission and the committee are unified to achieve the citizen’s satisfaction and work within the requirements of the current stage.
For his part, Abu Ragheef explained, according to the statement, “the importance of strengthening cooperation ties between the committee and the supervisory authorities, especially the Federal Integrity Commission; that the committee draws its work from the outputs of the work of the oversight agencies and consists of representatives of these agencies, as well as a number of representatives of other institutions and law enforcement agencies, and that their duties Anti-corruption cases go beyond to other major issues, "explaining that" the work of the committee is complementary and under the supervision of the competent judiciary. "
Abu Ragheef pointed out that "the committee provides all the guarantees granted by law to people who are subject to its investigation procedures." LINK
The Iraqi Financial Market Closed Down By 0.82% From The Previous Session
Time: 09/20/2020 14:28:01 Read: 1,079 times {Baghdad: Al Furat News} The Iraqi financial market closed today, Sunday, down by 0.82% from the previous session. The indicators for trading in the Iraq Stock Exchange for this day, Sunday, were as follows:
Listed companies: - 105
Traded companies: - 30
1. The number of shares traded reached (1,808,746,667) shares.
2. The value of shares (1,870,120,788) dinars.
3. The ISX 60 price index closed in today's session at (479.44) points, down by (0.82%) than its previous session's close of (483.38) points.
4. Trading in shares of (30) companies out of (105) companies listed in the market.
5. The number of companies suspended by a decision of the Securities Commission for non-compliance with the instructions for financial disclosure is (23) companies.
6. The number of shares purchased from non-Iraqi investors in the regular market reached (30) million shares, at a value of (23) million dinars, through the implementation of (9) deals on shares of (5) companies.
7. The number of shares sold by non-Iraqi investors in the regular market reached (2) million shares, at a value of (7) million dinars, through the implementation of (5) transactions on shares of three companies. LINK
The Low Exchange Rate Of The Dollar In The Local Markets
Market Economy News _ Baghdad The exchange rates of the dollar in the main stock markets decreased slightly, while it stabilized in local markets today, Sunday (September 20, 2020).
The Kifah Stock Exchange recorded 122,950 dinars against 100 dollars, while the prices on the Kifah Stock Exchange yesterday were 123,000 dinars per 100 dollars.
Selling prices in the exchange shops in the local markets in Baghdad:
Sales price: 123,500 dinars per $ 100. Purchase price: 122,500 dinars per $ 100.
Number of observations 64 Date of addendum 09/20/2020
https://economy-news.net/content.php?id=21917
Iraq Signs 3 Agreements With The European Union
Money and business Economy News – Baghdad Iraq and the European Union signed, today, Sunday, a new agreement and the extension of two other agreements, within the framework of joint cooperation between the two parties.
And the three agreements were signed on the Iraqi side by the Minister of Planning, Khaled Battal Al-Najm, while on the European Union's behalf, Martin Hoth signed them.
"The new agreement includes providing financial support to Iraq, to confront the Covid-19 pandemic, support socio-economic recovery, and build the state by creating jobs, improving income, and consolidating human rights," the Minister of Planning said, in a statement, And returning the displaced to their areas.
The minister added, “We also agreed with the European Union to extend the work of the energy agreement that includes work to modernize the energy sector, in cooperation with the World Bank, with the aim of carrying out reforms in the electricity and gas sectors, indicating that the second agreement was agreed to extend the work. In the field of supporting the economy and creating job opportunities, through the European Union’s contribution through UNESCO, to the implementation of the project to revive the old city of Mosul. The agreement also includes improving the livelihoods of youth in Basra Governorate, through the implementation of a range of important projects.
For his part, the Ambassador of the European Union, Martin Hawth, expressed his happiness at the signing of the agreements, indicating that "Iraq is one of the priority countries within the global response plan implemented by the Union in cooperation with the World Health Organization, for the period from 2019-2023,"
noting that "the Union contributes Also in the development of the agricultural sector in the Nineveh Plains region, and facilitating the return of displaced persons, pointing out that the number of projects that the European Union is implementing to support development in Iraq amounted to (69) projects during the period from 2016 until 2024.
Number of observations 131 Date of addendum 09/20/2020 https://economy-news.net/content.php?id=21918
The Judiciary Stops Procedures For Renewing Mobile Phone Licenses Contracts
Money and business Economy News - Baghdad
On Sunday, a member of the Parliamentary Government Program Follow-up Committee, Muhammad Shiaa al-Sudani, revealed that the Iraqi judiciary responded to the grievances regarding the judicial decision to renew licenses for mobile phone companies and directed to stop the procedures for renewing mobile phone licenses contracts.
"The Iraqi judiciary responded to the grievances and confirmed the state order to stop the procedures for renewing mobile phone licenses contracts," Al-Sudani said in a tweet to him on Twitter, followed by Al-Eqtisad News.
He concluded his tweet with the tag "The people are victorious."
On the tenth of this month, Al-Sudani criticized the federal government's endeavor to renew contracts for mobile phone companies for a period of eight years, while noting that those companies owed more than a trillion dinars as debts to the Iraqi government, and they did not implement many administrative, legal and technical obligations.
Number of observations 94 Date of addendum 09/20/2020 https://economy-news.net/content.php?id=21914
Parliamentary Finance To / NINA /: The Government Will Present A Borrowing Project Wrapped In The General Budget Law 2020
Sunday 20, September 2020 15:35 | PoliticalViews: 168 Baghdad / NINA / The Parliamentary Finance Committee confirmed that the government will present a borrowing project wrapped in the Federal Budget Law 2020, which is expected to reach the House of Representatives during the current week.
A member of the committee, MP Majed Al-Waeli, stated, in a statement to the Iraqi National News Agency / NINA /, that "the draft budget law for the year 2020 will reach the House of Representatives during the current week and will be approved within a month after receiving it from the government."
He added, "The House of Representatives stipulated that the government should present a reform paper within 60 days after the approval of the borrowing law in the 2020 budget, and the reform paper has not yet arrived." By the House of Representatives and the Finance Committee. "
He explained that "the government will present a borrowing project wrapped in a budget, for the remainder of the current year 2020 budget," stressing that "we will reject any new borrowing without real reforms and clear economic solutions from the government, which is still operating with a functional mentality and not with a statesman mentality."
During its extraordinary session held last Monday, the Council of Ministers voted on the Federal Budget Law for the Republic of Iraq for the fiscal year / 2020, and referred it to the House of Representatives based on the provisions of Articles 61 / Clause First and 80 / Clause Second) of the Constitution. https://ninanews.com/Website/News/Details?Key=857680
The Central Bank Is Preparing A Paper To Reform The Banking Sector
Time: 09/20/2020 09:38:55 Read: 3 120 times {Baghdad: Al Furat News} The Central Bank of Iraq revealed a paper to reform the banking sector in the country.
A statement by the bank's media, which Al-Furat News Agency received a copy of, said, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Al-Kitab, chaired a meeting of the bank’s general directors on Saturday."
The statement added, "The meeting discussed a number of issues, the most prominent of which was preparing a paper to reform the banking sector. The council adopted that paper in preparation for submitting it to the Central Bank's Board of Directors for approval and direct implementation." LINK
The Central Bank Adopts A Paper To Reform The Banking Sector
Banks Economy News _ Baghdad The Central Bank’s Media Office announced, on Sunday, that the Bank’s Board of Directors General has adopted a paper to reform the banking sector.
The office said in a statement that "Al-Iqtisad News" received a copy of it, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb, chaired a meeting of the Bank's General Directors Council."
The statement added, "The meeting discussed a number of issues, the most prominent of which was preparing a paper to reform the banking sector, as the Board adopted that paper in preparation for submitting it to the Board of Directors of the Central Bank for approval and direct implementation."
Number of observations 226, date of addendum 09/20/2020
https://economy-news.net/content.php?id=21913
The Central Bank Is Preparing A Paper To Reform The Banking Sector
Sunday 20, September 2020 09:48 | EconomicalViews: 155 Baghdad ( NINA ) - The Central Bank of Iraq announced that it has prepared a paper on reforming the banking sector.
A bank statement said that the Iraqi National News Agency ( NINA ) received a copy of it: "The Governor of the Central Bank of Iraq, Mustafa Ghaleb, chaired yesterday, Saturday, a meeting of the General Directors Board of the bank."
He added, "The meeting discussed a number of issues, the most prominent of which was preparing a paper to reform the banking sector, and the Council adopted that paper in preparation for submitting it to the Board of Directors of the Central Bank for approval and direct implementation." https://ninanews.com/Website/News/Details?key=857598
The Central Bank Calls For Utmost Caution And Caution Regarding The Financial Movements Of Electronic Store Owners
Sunday 20, September 2020 13:40 | EconomicalViews: 159 Baghdad / NINA / The Central Bank of Iraq called on all licensed non-bank banks and financial institutions to take utmost care and caution on financial movements that take place through (bank accounts, electronic wallets and electronic payment cards of all kinds) related to social media.
In a statement received by the Iraqi National News Agency / NINA / a copy of it, the bank stated that it calls for the development of scenarios for discovering money laundering operations for these institutions in proportion to these cases, in coordination with the Office of Combating Money Laundering and Terrorism Financing if required.
In its statement, the bank urged to take strict due diligence measures on the financial movements of the owners of electronic stores (owners of e-marketing websites and marketing via social media) ./ End 3
https://ninanews.com/Website/News/Details?key=857659
The Central Bank Warns Of The Celebrities Of The Swiss Media
Author: AhadNA1 On 20/9/2020 - 1:45 PM 88 On Sunday, the Central Bank of Iraq called for caution and caution from the celebrities of Swiss Media.
The bank said in a statement that Al-Ahed News received a copy of that, “All licensed non-bank banks and financial institutions must take utmost care and caution over financial movements that take place through (bank accounts, electronic wallets, and electronic payment cards of all kinds) for the famous social media, as well as Developing scenarios for discovering money laundering operations of these institutions in a manner commensurate with these cases, in coordination with the Office of Combating Money Laundering and Terrorism Financing, if necessary.
He added, "We urge that strict due diligence measures be taken on the financial movements of the owners of electronic stores (owners of e-marketing sites and marketing through social media)."
The Central Bank of Iraq was established as an independent bank according to its law issued on the sixth of March of the year 2004, as an independent body, and is responsible for maintaining price stability and implementing monetary policy, and supervises 10 commercial banks, 26 private banks, 16 Islamic banks, in addition to 19 foreign banks, in addition to About 6 financial institutions and 31 money transfer companies. LINK
With The Documents ... A "Large Network" Seizes The Currency Auction, Including One Funded By ISIS
Time: 09/20/2020 14:52:00 Read: 2,288 times {International: Al Furat News} coinciding with the start of the arrest campaign in Iraq to combat corruption under the umbrella of Prime Minister Mustafa Al-Kazemi, it seems noticeable the changes that have occurred in high-ranking positions, including the position of the governor of the Iraqi Central Committee, Ali Al-Alaq and the appointment of Mustafa Ghaleb as his successor.
In an investigative investigation, in cooperation with Iraqi sources, it revealed "a large network of Iraqi businessmen and banks that acquire the so-called foreign currency sale window in the Central Bank of Iraq."
To be clear, and with the documents, that they are fake companies belonging to Iraqi people that obtain dollars supported by the Central Bank of Iraq under the pretext of importing goods and goods into Iraq.
Sources describe the "currency auction window" in Baghdad as a gateway to corruption, as the Central Bank of Iraq usually sells dollars to Iraqi private banks after obtaining oil revenues, which in turn sell them to Iraqi companies according to requests to import goods and goods.
Part of the import requests are "fake and fraudulent," meaning that dollars are sold at subsidized prices to banks by means of a "currency auction", without goods being imported in return, so that these funds are transferred to exchange companies, some of them linked to ISIS terrorist gangs, even though they have been subjected to American and international sanctions.
In addition, this matter is considered a violation of the Federal Budget Law of the state in 2015, which set the sales of the Central Bank of Iraq at $ 75 million per day, but today the amount ranges as an average between $ 150 - $ 200 million, or nearly 3 times the estimated amount specified in the law, and this is what it shows The results of the foreign currency sale window published by the Central Bank on its official website.
Committee member Magda Al-Tamimi considered that the decision was a "blow to anti-corruption efforts" in government departments at the time, in the year 2015.
When checking the private banks that obtain subsidized dollars to receive them to Iraqi merchants, sources say that nearly half of the banks that participate in the window of sale The currency supervised by the Central Bank of Iraq belongs to personalities close to political figures, and this is what brings them huge profits.
One of the documents prepared by the late head of the Parliament’s Finance Committee, Ahmad Chalabi, shows how the Al-Hoda Bank, which is owned by {H. M}, in the period between 2012-2015, it purchased 6.5 billion dollars for 3 financial transfer companies.
It is to be noted here that, recently, the Supreme Judicial Council / Baghdad Rusafa Federal Court of Appeal demanded, on 8-8-2019, to lift the immunity of H.M. for the crime of appropriating money in another case.
It was later revealed through the documents that the Al-Mahaj Money Transfer Company had dealt with Al-Rawi Exchange Company to transfer amounts of no less than $ 547 million during the year 2014 only, according to Chalabi.
The big surprise is that Al-Rawi Exchange Company was subjected to sanctions in April 2019 by the US Treasury Department for its funding of terrorism.
According to the US Treasury Department report, the six individuals who have been blacklisted constitute the main strength of what is known as the "network of narrator". They are Mushtaq Talib Zughair Al-Rawi, an Iraqi citizen residing in Belgium, who leads the network's operations in Turkey and Iraq, in addition to To his son and two brothers, along with two other relatives.
The US Treasury Department's statement indicates that, as of November 2017, Mushtaq Al-Rawi supervised the transfer of funds to ISIS using the remittance network across Iraq and Turkey where ISIS salaries were paid in Syria.
In turn, the Iraqi Central Bank denied any relationship between Al-Mahaj Money Transfer Company and Al-Rawi Exchange Company, so that the response came quickly from the Finance Committee in the House of Representatives, indicating a statement of accounts for bank transfers that took place between the immigrant and the narrator, as the documents below show.
But more than that, as a document issued by the Ministry of Commerce / Company Registration Department showed that nearly half of the sums that were sold from the foreign currency sale window during the period from 1/1/2014 to 2/28/2015 have not been identified. Accordingly, 29 companies out of 32 are not registered in the Companies Registry.
Since September 2016, the European Union had placed Iraq on the list of high-risk countries related to money laundering and terrorist financing, and even when the Iraqi Foreign Ministry requested that the name of Iraq be removed from this list, the European Union rejected this request, indicating that it may do so in October. October, but Iraq must achieve all necessary criteria to join these countries. LINK
TLM724: FINALLY there are people in power that have the ** to correct the path of the CBI !!! New governor, new Prime Minister and new reform, get it done !!!
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