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More Iraqi News Thursday PM 12-3-20

More Iraqi News Thursday PM 12-3-20

TLM724 Administrator BondLady’s Corner

Parliamentary Integrity: Iraq Lost 240 Billion Due To The Policy Of The Central Bank

17:20 - 12/03/2020  Information / Special ...The Parliamentary Integrity Committee revealed, on Thursday, that the country had lost 240 billion dinars due to the policy of the Governor of the Central Bank of Iraq.

"The appointment of Prime Minister Mustafa Al-Kazemi to the Governor of the Central Bank is against the law," said a member of the committee, Khaled Al-Jushami, in a statement to "the information", pointing out that "the policy of the central bank governor affected the public financial policy."

He added that "the policy of the bank governor, Iraq lost 240 billion Iraqi dinars," noting that "most of the officials appointed by Al-Kazemi, including the governor of the Central Bank, did not present anything."  Earlier, Al-Fateh Alliance MP Thamer Theban revealed parliamentary moves to question the governor of the Central Bank.

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Earlier, the Parliamentary Finance Committee revealed that it will collect signatures to dismiss the Governor of the Central Bank of Iraq because the Council is not convinced of the answers provided during the hosting. Ended 25 T. https://www.almaalomah.com/2020/12/03/508295/

The US Consulate In Erbil Is Offering A Reward Of $ 5 Million For This Information

Time: 12/03/2020 14:50:53 Read: 4,992 times   (Baghdad: Al Furat News) The US Consulate in Erbil announced today, Thursday, that it has offered a reward of up to five million dollars in exchange for information that disrupts the sale or trade of oil and antiquities by the terrorist ISIS.

The consulate stated, in a statement, that "the rewards for justice program of the US government provides a reward of up to five million dollars for an information article that disrupts the sale or trade of oil and antiquities by or on behalf of or on behalf of ISIS."  The statement added, "Help us stop the flow of terrorists' money to ISIS. If you have information about ISIS smuggling of oil or antiquities, you may be eligible for a reward by sending the information via Telegram, Sinkal or WhatsApp   LINK

Representative Integrity: The Bank’s Governor Proved His Failure, And Al-Kazemi Broke The Law By Appointing Him

Pratha News Agency165 2020-12-02   On Wednesday, the Parliamentary Integrity Committee accused Al-Kazemi of violating the law by appointing the governor of the Central Bank, indicating that the governor of the bank proved his failure to manage the country's financial policy.

A member of the Integrity Committee, Khaled Al-Jushami, said that "the governor of the Central Bank appointed him without referring to the House of Representatives, while the law provides for the nomination to be raised to the Council and the latter vote on him."

He added that "Article 13 of the Central Bank Law stipulates that the governor of the bank is chosen as a person with financial, banking and economic experience," noting that "the bank governor lacks the three experiences and has nothing to do with it."

He explained that "the governor of the bank has proven his failure in running the central bank, and the matter is borne by the prime minister by choosing such a person who runs the central bank."

http://burathanews.com/arabic/news/381684

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Parliamentary Integrity: The Governor Of The Central Bank Proved His Failure, And Kazemi Broke The Law By Appointing Him

The Baghdad Post Thursday, December 03, 2020 10:19 AM  Representative integrity

The Parliamentary Integrity Committee accused Al-Kazemi of breaking the law by appointing the governor of the Central Bank, indicating that the bank governor had proven his failure to manage the country's financial policy.

The Integrity Committee member Khalid Aljcami that " the central bank governor appointed Kazmi without reference to the House of Representatives while the law provides for the lifting of the candidate of the Council and last vote on it.

He added that "Article 13 of the Central Bank Law stipulates that the governor of the bank be chosen as a person who has financial, banking and economic experience," noting that "the bank governor lacks the three experiences and has nothing to do with it."

He explained that "the governor of the bank has proven his failure in running the central bank, and the matter is borne by the prime minister by choosing such a person who runs the central bank."   LINK

Union of Arab Banks: We put all our capabilities to support the reform efforts of the Central Bank of Iraq

Time: 12/03/2020 10:36:51 Read: 1,599 times   {Baghdad: Al Furat News} The Secretary General of the Union of Arab Banks, Sam Hassan Fattouh, discussed with the Governor of the Central Bank of Iraq, Mustafa Ghaleb, fearsome, to strengthen cooperation between the Union and the Central Bank of Iraq.

A central bank statement said, "The Secretary-General of the Union of Arab Banks and Sam Hassan Fattouh made a phone call with the Governor of the Central Bank of Iraq, Mustafa Ghaleb, during which he reviewed the efforts of the Central Bank of Iraq within the framework of banking reform in the country."

The statement added, "Secretary General Fattouh expressed his appreciation for these efforts aimed at strengthening the strength of the Iraqi banking sector and its ability to secure banking services in accordance with the highest international standards."

He explained that "the two sides reviewed aspects of joint cooperation at several levels, as the Governor of the Central Bank of Iraq explained the reform plan that is mainly based on activating the supervisory approach, increasing confidence in the Iraqi banking sector with the aim of empowering the sector and strengthening its development and economic role, and working to build relations with banks and international financial institutions." ".

The statement continued, "The two sides discussed the issue of research and technical support in the field of digital transformation of banking work and the training and qualification of human resources in the Iraqi banking sector, which includes an elite of experts in addition to the Central Bank of Iraq in line with modern banking developments, and work within its framework, and activate the sector's role in providing Economic and social support and assistance, and improving the investment environment in the country. "

The Secretary-General of the Union of Arab Banks, Wissam Hassan Fattouh, added, according to the statement, "It was agreed with the Governor of the Central Bank of Iraq to establish joint activities, including conferences and special training courses in the field of compliance, governance and digital transformation in a way that serves and contributes to achieving what was agreed upon between the two parties.

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The statement quoted Fattouh as stressing "the Union of Arab Banks has set all its capabilities to support the reform efforts of the Central Bank of Iraq, and to provide technical and technical support to Iraqi banks, especially in the areas of digital transformation, combating money laundering and terrorist financing."   LINK

The Union Of Arab Banks Praises The Efforts Of The Central Bank To Enhance The Strength Of The Iraqi Banking Sector

Banks  Economy News _ Baghdad  The Secretary-General of the Union of Arab Banks and Sam Hassan Fattouh made a phone call with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, during which they reviewed the efforts of the Central Bank in the framework of banking reform in the country, and the Secretary-General Fattouh expressed his appreciation for these efforts aimed at enhancing the strength of the Iraqi banking sector and its ability to Securing banking services according to the highest international standards.

"The two sides reviewed aspects of joint cooperation at several levels, as the Governor of the Central Bank of Iraq explained the reform plan that is mainly based on activating the supervisory approach and increasing confidence in the Iraqi banking sector with the aim of empowering the sector and enhancing its development and economic role," said a bank statement. And work to build relationships with banks and international financial institutions. "

He added that the two sides discussed the issue of research and technical support in the field of digital transformation of banking work and the training and qualification of human resources in the Iraqi banking sector, which includes an elite group of experts in addition to the Central Bank of Iraq, in line with modern banking developments, working within its framework, and activating the sector’s role in providing support and support. Economic and social improvement of the investment environment in the country.

For his part, the Secretary-General of the Union of Arab Banks, Wissam Hassan Fattouh, affirmed that it has been agreed with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, to agree to establish joint activities, including conferences and special training courses in the field of compliance, governance and digital transformation in a way that serves and contributes to achieving what has been agreed upon. between two sides.

Fattouh concluded by affirming that the Union of Arab Banks had put all its capabilities to support the reform efforts of the Central Bank of Iraq, and to provide technical and technical support to Iraqi banks, especially in the areas of digital transformation, combating money laundering and terrorist financing.

The number of observations: 175, date of addendum 12/3/2020  https://economy-news.net/content.php?id=22984

An Expected Speech By The President Of The Republic This Evening

Time: 12/03/2020 17:28:16 Read: 1,365 times   (Baghdad: Al Furat News) The President of the Republic, Barham Salih, will deliver, this evening, Thursday, an expected speech regarding confronting Corona.

His office stated in a brief statement, a copy of which was received by Al Furat News, that "the President of the Republic delivers a speech this evening during the extraordinary meeting of the United Nations General Assembly on confronting the Corona virus.   LINK

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The US Embassy Comments On The News Of Withdrawing Its Staff From Baghdad

Time: 12/03/2020 17:39:15 Read: 650 times  (Baghdad: Al Furat News) The US embassy in Iraq commented, on Thursday, on news of the withdrawal of its employees from the capital, Baghdad.

According to the news sites, the US embassy stated, "The State Department is constantly working to make adjustments regarding its diplomatic presence in embassies and consulates scattered around the world in line with its diplomatic missions, the security environment in those countries, the health situation, and even official holidays."

He added, "Ensuring the safety of American government employees and American citizens and the security of our facilities is our top priority."

He continued: "We do not comment on the details of any amendments, but we affirm our commitment to a strong diplomatic partnership with Iraq. Ambassador Matthew Toller is still present at his head of work in Baghdad, and the diplomatic mission in Iraq continues to operate."   LINK

The Minister Of Oil Affirms The Government's And The Ministry's Keenness To Expedite Gas Investment Plans

Energy  Economy News _ Baghdad  On Thursday, Minister of Oil, Ihsan Abdul-Jabbar Ismail, affirmed the government's and the ministry's keenness to expedite plans for associated gas investment through the implementation of joint projects and cooperation between the national effort and sober international companies, in order to achieve the ministry's goals in this field.

Ismail said during his visit to the South Gas Company in the province of Basra in a statement, "Al-Eqtisad News" received a copy of it, "The ministry is keen to expedite plans for associated gas investment in cooperation with sober international companies."

Ismail added, "The ministry has set short and medium-term plans to optimally invest associated gas and stop burning it and converting it into clean energy to feed electric power generation plants and supply all industries related to this type of fuel."

It is noteworthy that Iraq has contracted with major international companies to invest associated gas after it was burned in large quantities, while it is still importing dry gas from Iran for use as fuel for power stations. The number of observations 150, date of addition

https://economy-news.net/content.php?id=22991

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The Stock Market Ends Its Week On Profits

Iraq Stock Exchange   Market   Economy News – Baghdad  Eight profitable companies contributed to raising the stock market index by 0.53% in the closing session of this week

The session witnessed the circulation of 219.8 million shares, worth 254.5 million dinars.

The shares of 8 companies provided by the shares of Baghdad for soft drinks rose 2.32% and the shares of modern sewing by 1.36%.

While foreign investors bought 16 million shares, worth 5 million shares, after executing 11 deals on the shares of two companies.

The index was not without the losing companies, as 4 companies provided by Al Mamoura Real Estate Company shares reached 2.25% and Al Amin Insurance shares reached 1.96%.

Number of observations 156   Date of addendum 12/3/2020  https://economy-news.net/content.php?id=22994

The Dollar Is Declining In Iraq ... And To Its Lowest Level In The World In Two Years

Time: 12/03/2020 12:14:19 Read: 7,332 times  {Baghdad: Al Furat News} The exchange rate of the dollar fell in Iraq, today, Thursday.

The exchange rate on the Al-Kifah and Al-Harithiya Stock Exchanges in Baghdad was 1253 dinars to the dollar, or 125 thousand and 300 dinars per hundred dollars.

Yesterday's price on the two bourses was 12,555 dinars to the dollar.

As for the selling price in the money exchange shops in Baghdad, it was 1257.5 dinars, and the purchase price was 1247.5 dinars.

On the Erbil Stock Exchange, the selling price of the dollar also decreased to 1252 dinars per dollar, and the purchase by 1250 dinars.

In Dhi Qar, the selling price of the dollar reached 1257.5 dinars and the purchase price 1252.5 dinars.

At the international level, the dollar fell, today, Thursday, to its lowest level in two and a half years against a basket of currencies, as investors are betting that more economic stimulus from Washington and the expectation of starting the distribution of vaccines for Covid-19 will support high-risk assets.

The single European currency rose slightly to $ 1.2119, touching its highest level since late April 2018. The dollar index fell to its lowest level in two and a half years at 90.948 and settled in the last trading at 90.992.

The US currency fell against most other currencies, except for the Japanese yen, which is considered a safe haven, as the dollar held on to its rise against the Japanese currency at 104.47 yen.

The Australian dollar was trading at $ 0.7409, after hitting a 26-month high in the previous session, after data showed that Australia's economy rebounded more than expected in the third quarter.    LINK

 

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