More Iraqi News Thursday PM 6-24-21
More Iraqi News Thursday PM 6-24-21
TLM724 Administrator BondLady’s Corner
Parliamentary Legal For / Nina /: The Quorum Prevents Holding Sessions And Proceeding With Interrogation Requests
Thursday 24 June 2021 13:46 | political Number of readings: 366
Baghdad / NINA / - The Parliamentary Legal Committee has settled the controversy over the interrogation requests prepared by the House of Representatives, noting that the absence of a quorum for the presence of the representatives prevents holding sessions and proceeding with those requests.
Member of the Committee, Representative Bahar Mahmoud, stated, in a statement to the National Iraqi News Agency ( NINA ), that "all the requests for interrogation and hosting that are entrusted to the Presidency of Parliament and the concerned parliamentary committees, took their legal course and legislative procedures according to the internal system of the House of Representatives, but the lack of a quorum is what hinders them as Parliament sessions are prohibited.
She added that "there is no quorum guaranteeing the holding of the sessions, and we do not know whether this is deliberate or an emergency or a normal situation in conjunction with the elections date next October," noting that "some deputies who are not candidates for the new session do not attend the parliament, contrary to their legal obligation to perform their work." Parliament until the end of the mandate of the legislative session, and some of the nominated representatives were busy with electoral campaigns.”
She explained that "previous legislative sessions were the six months preceding the date of the elections, witnessing a repetition of the same pattern by not achieving a quorum and holding sessions as in the current session."/ Ended 5 https://ninanews.com/Website/News/Details?Key=911826
Al-Halbousi Calls On French Companies To Expand Their Investment In Iraq
Political Thursday, June 24, 2021 | 05:59 PM| Number of readings: 8 Parliament Speaker Mohamed Al-Halbousi and his accompanying delegation met today, Thursday, members of the French Employers Organization, as part of his official visit to Paris.
A statement from Al-Halbousi's office stated, "During the meeting, they discussed the strategic projects implemented by France in Iraq, including Mosul Airport, Baghdad's suspended metro and a number of energy projects.
Al-Halbousi also called for expanding the participation of French companies in investment and reconstruction in Iraq." The statement continued, that Al-Halbousi listened, during the meeting, to a review of the projects of a number of French companies in Iraq and the most important obstacles they face, stressing the importance of the organization having a headquarters in Baghdad, for discussion and follow-up closely with the concerned authorities to expedite implementation. https://aynaliraqnews.com/index.php?aa=news&id22=149003
The Academic Coordination Committee Of The Association Of Banks Discusses The Results Of Banking Sector Activity In The Corona Pandemic Conditions
Banks Economy News _ Baghdad The Academic Coordination Committee held its first meeting for the year 2021, at the headquarters of the Association of Iraqi Private Banks, to discuss the results of the banking sector’s activity in the conditions of the Corona pandemic.
The president of the Iraqi Private Banks Association, Wadih Al-Handal, and the advisor of the Association of Banks, Samir Al-Nusairi, and a number of university professors participated in the meeting.
Samir Al-Nusairi presented the official data issued by the Central Bank with the results of banks’ activity for the year 2020 compared to the results of the activity for 2019, indicating the role of banks in implementing the directives and instructions of the Central Bank in the circumstances of the Corona pandemic and their success in implementing the Central Bank’s initiatives to revitalize the economic cycle after the decision to reduce the exchange rate The dinar.
For his part, Shirwan Anwar Mustafa, gave a presentation on the objectives of the program, which is financed by the Central Bank and in which the Association of Banks and the station participates with the Crossera global platform for digital training.
And Dr. Abdul Rahman Al-Mashhadani, the impact of reducing the exchange rate of the dinar on other economic sectors and the repercussions of the economic reality on the movement of prices and the high rate of inflation.
At the end of the meeting, the President of the Association of Iraqi Private Banks, Wadih Al-Handal, explained the efforts made by the association in contributing to development programs for the health system, financial inclusion, developing capabilities and expertise, rehabilitating young people and motivating them for innovation and entrepreneurship. .
The committee decided a number of recommendations, most notably holding a series of scientific and economic workshops starting next month, according to the committee's plan to spread economic and banking awareness.
Views 259 Date Added 06/24/2021 https://economy-news.net/content.php?id=25471
Oil Prices Continue To Rise, And Brent Settles At $75.33 A Barrel
Economie| 09:16 - 06/24/2021 Follow-up - Mawazine News: Oil prices recorded, on Thursday, a noticeable increase for the second day in a row, after a larger-than-expected decline in US crude oil stocks.
Brent crude futures rose 14 cents, or 0.19 percent, to $75.33 a barrel.
US West Texas Intermediate crude futures were also up 11 cents, or 0.15%, to $73.19 a barrel.
The US Energy Information Administration said that crude stocks in the country fell by 7.6 million barrels during the week ending June 18 to 459.1 million barrels, the lowest level since March 2020.
Brent gained more than 45% this year on the back of supply cuts led by OPEC +, Demand has recovered amid the easing of COVID-19 restrictions, with some industry executives talking about crude oil returning to $100 for the first time since 2014. End 29/A4 https://www.mawazin.net/Details.aspx?jimare=158133
Today, The Central Bank's Sales Of Hard Currency Declined
Economie| 01:23 - 06/24/2021 Baghdad - Mawazine News The central bank's sales of hard currency, Thursday, recorded a significant decline.
The Central Bank recorded, during its auction for the sale and purchase of foreign currencies, today, a decrease in its sales by 7.69%, to reach 216 million and 426 thousand and 634 US dollars, covering it at an exchange rate of 1460 dinars, for every one dollar.
The purchases amounting to 197 million and 896 thousand and 643 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 18 million and 530 thousand dollars went in cash.
35 banks responded to requests to enhance balances abroad, and 8 banks to meet cash requests, in addition to the participation of 5 exchange companies. https://www.mawazin.net/Details.aspx?jimare=158177
The Government Advisor Talks About The High Oil Price And Its Impact On The Budget
politica| 04:17 - 06/24/2021 Baghdad - Mawazine News, Adviser to the Prime Minister for Financial and Economic Affairs Mazhar Muhammad Salih said, on Thursday, that the high oil price does not make the budget balanced, except on conditions, indicating that the budget surplus prompted the government not to finance the deficit by borrowing.
Saleh said in a press interview; “The high oil price does not make the budget balanced except on conditions, as the average oil price should be $75 over the course of the fiscal year and not fluctuate, such as dropping to $50 and rising again,” noting that “the budget set the price of a barrel at $45.” And it has a hypothetical deficit, it has spending commitments, and it has oil and non-oil revenues.”
He added, "If the price of a barrel of oil continues at $75 throughout the fiscal year, there will be a balanced budget, provided that there is efficiency in spending and efficiency in non-oil revenues as planned."
Saleh pointed out, “During the first 6 months of this year, the barrel price achieved more than 45 dollars, and at least 62 to 65 dollars, the average selling price, and thus achieved a surplus that made the government not finance the deficit by borrowing,” noting that “the budget turns From a budget deficit to a balanced budget when the desired expenditures are equal to the desired revenues with the surplus resulting from the rise in oil prices.” Ended 29/ 77 https://www.mawazin.net/Details.aspx?jimare=158206
The Journalists Syndicate comments on Washington's blocking of Iraqi media sites
| 02:19 - 06/24/2021 Baghdad - Mawazine News, the Iraqi Journalists Syndicate commented, Thursday, on the US authorities' blocking of Iraqi media websites.
A statement of the union, of which Mawazine News received a copy, stated that "the Iraqi Journalists Syndicate condemns the US judiciary's blocking of Iraqi media channels' websites, and the US authorities' seizure of these sites, which confirms the US piracy in the acquisition and confrontation of free media."
The statement added, "What the United States government has taken in its illegal step, which reaffirms the falsehood of the slogans of freedom of expression and all other headlines that promote it."
And he continued: "While the Iraqi Journalists Syndicate condemns these practices, it calls for their non-repetition, which restricts freedom of media and expression, and what the media around the world pursue in practicing their media work freely and without any pressures or restrictions, which is inconsistent with media freedom and democratic practices that it emphasizes. Relevant international agreements. Ended 29/A 43
https://www.mawazin.net/Details.aspx?jimare=158189
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