More Iraqi News Thursday PM 5-6-21
More Iraqi News Thursday PM 5-6-21
TLM724 Administrator BondLady’s Corner
Oil prices rose to around $ 70 a barrel
Pratha News Agency92 2021-05-06 Oil rose towards $ 70 a barrel on Thursday, as US inventories fell and consumption soared even as virus-affected India struggled.
Oil rose in 2021 as major economies including the United States and China recovered from the impact of the epidemic, increasing energy demand, while India, the main crude oil importer, grapples with a record coronavirus wave that has dampened economic activity.
Brent crude in July rose 0.25% to $ 69.13 a barrel on the ICE Futures Exchange at 05:26, and on Wednesday, prices were at $ 69.95. West Texas Intermediate crude for June delivery rose 0.2% to $ 65.79 a barrel on the New York Mercantile Exchange.
In the United States, government data showed that crude oil inventories shrank by about eight million barrels last week and exports increased, but gasoline stocks rose for the fifth week in a row. Separately, the country's pent-up travel demand is expected to lead to a 30% jump in jet fuel use this summer.
http://burathanews.com/arabic/economic/391855
Supporting National Exports
Thursday 06th May 2021 36 Nautical star In the past decades, the commercial sector activity was limited to areas that bring it quick and abundant profit at the expense of Iraq's economic interest, which requires curbing this phenomenon, in order to take a moratorium on exports and its activities, in order to ensure the maximum benefit of its importance in the lives of Iraqis.
In order to succeed in this battle, it is necessary to master the foundations of planning and provide stimulating incentives for export. Rather, it is necessary to spread awareness of the departments of the productive, commercial and consumer sectors, to understand the importance of exporting as more important than domestic consumption at times, and the general necessity and more beneficial to Iraq, as long as it constitutes One of the most important sources for developing our financial capabilities necessary to meet the country's needs for productive means, which in turn reflect their direct positive results on the development of national production directed at serving beneficial consumption and meeting the necessary needs of society.
Therefore, commercial agencies and activities must focus in their export policy on the necessity of establishing planning, coordination and cooperation in the productive sectors and export agencies, and establishing them on the basis of a sense of shared responsibility and starting from the principle of supporting our national exports, because revitalizing the activities of the export policy is the highest degree of economic liberalization, through the establishment of interdependence.
And the right relations with export, and the extent of the success of implementing the economic task to develop basic production processes, not perfection or unnecessary, and according to scientific and rational foundations with industrial and economic returns, especially those industries that are based on conditions that are economically available by relying on local raw materials and their competitiveness with high prices and similarity to their specifications. .
With an interest in coordinating export trends with activities aimed at establishing better and broader forms of cooperation and economic integration with neighboring countries first, and on the basis of the principle of specialization and revitalizing the activities of the Iraqi market, as well as drawing dimensions and development of our exports and their development, in light of the economic commitments and Iraq's trade relations with Arab countries and the world In a way that ensures the development of our production capacities and earns our products the strength and protection before them.
Complementing the conditions for establishing these dimensions on solid and stable foundations, deepening the ties of strategic cooperation with the (World Trade Organization) is of fundamental and necessary importance for the increase and impact of Iraq's development in the economic, commercial, industrial and cultural dimensions and fields.
In addition to the need to support the National Product Protection Law to ensure the safety of production from exotic goods to the Iraqi market, while supporting the Consumer Protection Law to set a safe price policy and curb the exploitation of prices.
The interest in developing our export policy cannot be a source of its success within the limits of the financial and material incentives it offers to encourage export and support existing in this field, but rather requires from the economic agencies an appropriate and permanent attention to the provisions of the management of economic production processes and their continuous development first and in conjunction with them to improve commercial export operations secondly.
Therefore, the commercial sector and its activities are obligated to demand the identification of specific controls that define the responsibility of each party to reinforce the principle of a sense of professional responsibility, which embodies solidarity in the production and export sectors, in a way that helps them to carry out the responsibility successfully to achieve greater success in the field of export. LINK
An Initiative To Finance Investments With Open Ceilings
Thursday 06th May 2021 44 Baghdad: Shukran Al-Fatlawi After the Rafidain Bank launched the Single Window initiative to finance investment projects with open financial ceilings to enhance the investment sector, with the desire and willingness of many foreign companies to contribute to work and investment in Iraq, after activating the work of the single window aimed at attracting investment.
"The initiative is based on facilitating and simplifying procedures for companies and investors and completing the transaction in the fastest time, away from routine, for the purpose of attracting investors who wish to obtain financing and grant loans to them for the purpose of completing their projects," the bank said in a statement.
The statement emphasized the establishment of a "unified room in the general administration of the bank from the concerned departments entrusted with the task of walking the investment facilities to complete the transactions as quickly as possible."
He pointed out that this "supports many investment projects, including housing projects in most of the country's provinces, as a contribution to revitalizing the sector and alleviating the housing crisis."
For his part, academic economist Dr. Abdel-Rahim Al-Shaddd said, "Investing in the housing sector plays an important role in filling the local need from the demand for housing units and employing the largest possible number of manpower, which effectively contributes to combating unemployment, as well as investing in the industrial and agricultural sectors. And tourist. "
Al-Shadd explained to "Al-Sabah" the importance of "serious work in the field of infrastructure, whether in repairing and rehabilitating the destroyed ones, or building new ones by providing the necessary facilities for the entry of foreign investment, as well as encouraging local investment to contribute in all fields, especially electricity, roads, housing, agriculture and industry." As it is the sector that absorbs the most manpower in light of the widespread unemployment in the country. LINK
Issue (4628) Was Issued From The Iraqi Newspaper Al-Waqi’a, Issued On 5/3/2021
2021-05-06 10:13:00 Law of accession of the Republic of Iraq to the Convention on the Protection and Use of Transboundary Watercourses and International Lakes - Helsinki No. 17 of 2020
Those wishing to acquire the Iraqi factsheet can refer to the Iraqi investigation department located in Salhiya / Haifa Street (Ministry of Justice building), and obtain the required number.
https://www.moj.gov.iq/view.5616/
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