More Iraqi News Thursday PM 9-17-20
More Iraqi News Thursday PM 9-17-20
TLM724 Administrator BondLady’s Corner
The Stability Of The Dollar Exchange Rate In The Local Markets
Market Economy News _ Baghdad The exchange rates of the dollar stabilized in the main stock markets and local markets today, Thursday (September 17, 2020).
Al-Kifah Stock Exchange registered 123,100 dinars against 100 US dollars, the same prices as Wednesday.
Selling prices in the exchange shops in the local markets in Baghdad:
The sale price is 123,500 dinars per $ 100. Purchase price: 122,500 dinars per $ 100.
Number of observations 55 Date of addendum 09/17/2020 https://economy-news.net/content.php?id=21883
Baghdad Sends One Billion Dinars To Erbil As Financial Dues To Farmers
Money and business Economy News – Baghdad The Director of Silo, Erbil Governorate, Hayman Syed Murad, announced, on Thursday, that the federal government has sent more than one billion dinars as financial dues, for marketing the wheat crop from farmers in Erbil during the current year 2020.
The governorate website quoted Murad as saying that the amount is one billion and 85 million dinars, pointing to the start of distributing the sums to farmers next week.
The spokesman for the Prime Minister, Ahmed Mulla Talal, confirmed on Tuesday that the 2021 budget will prove the Kurdistan Region’s share of oil and consolidate the agreements that took place in the past.
Number of observations 136 Date of addendum 09/17/2020 https://economy-news.net/content.php?id=21886
Ministry Of Planning: Six Thousand Projects Suspended, Some Of Which Are 90 Percent Complete
Money and business Economy News _ Baghdad A spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, explained, on Thursday, that about six thousand projects have been suspended since 2008, some of them completed by 90 percent, explaining this by several factors, most notably the lack of financial liquidity.
Al-Hindawi said in a press statement, "It was hoped that these projects would be completed if sufficient funds were available, as it was expected that such funds would be available in light of the high oil prices that covered consumer and investment spending in previous governments, but Iraq, years later, faced The double crisis represented by the emergence of (ISIS) and the dramatic drop in oil prices. "
He justified that by saying that "this crisis led to the cessation of quite a few of them approaching about 6 thousand projects, which forced the Council of Ministers at that time to issue a decision to suspend projects for which no financial allocations could be provided," noting that "this stoppage had negative effects on Those projects, which caused a state of extinction for these projects, which increases the percentage of loss. "
Al-Hindawi explained that "there are many issues that resulted from the failure to complete these projects, which are the financial amounts that belong to the contractors and amount to about 4 billion dollars," noting that "these projects have spent huge sums on them, noting that there are advanced completion rates for some of these projects; Achievement rates for some of them to 90 percent. "
Number of observations 59 Date of addendum 09/17/2020 https://economy-news.net/content.php?id=21885
US Military Aid To The Peshmerga Forces, Worth 250 Million Dollars
September 17, 2020101 Baghdad – Time The US Embassy in Iraq announced, through its Twitter account, that the United States provided the "Peshmerga" forces in the Kurdistan region of Iraq with $ 250 million in military aid, in gratitude for the sacrifices it made in its battles against "ISIS".
And the Minister of "Peshmerga", Shoresh Ismail, confirmed in a joint press conference with the US ambassador to Iraq, Matthew Toller, Tuesday, that Washington has allocated about $ 250 million in security assistance to his ministry, including vehicles and communication equipment, as well as organizing training, according to the " Kurdistan 24 website". “.
Ismail pointed out that "the Peshmerga and the coalition had a great role in breaking the thorn of ISIS," stressing that "our forces need continued support and coordination from the international coalition, especially the United States."
"The threat posed by ISIS remains a major challenge for both the Peshmerga forces and the Iraqi army in multiple regions, especially in the disputed areas between Baghdad and Erbil, and specifically in the governorates of Nineveh, Diyala, and Kirkuk.
For his part, said the US ambassador to Iraq, Matthew Tueller: "We are witnessing the cooperation between our government and the Ministry of Peshmerga."
The aid includes more than 100 Humvees, radios and maintenance, according to Al-Monitor . LINK
Nassif Calls On The Cabinet To Reconsider The Draft Law Of The National Oil Company, Due To The Risks It Entails
Thursday ، 17 September 2020 01:39 PM Representative Alia Nassif called on the Prime Minister to reconsider the draft of the National Oil Company law , which was recently approved by the Council of Ministers, due to the risks it entails and the possibility of losing Iraq's wealth.
She said in a statement: "The Cabinet approved, in its fourteenth session, held on August 8, 2020, the first amendment to the National Oil Company Law , and referred it to the House of Representatives. It also took practical steps to establish the company and chose a director for it, noting that this controversial bill is due to To the previous parliamentary session, it was met with objections from many political and popular forces, and was met with objections by the Federal Court due to the presence of dangerous articles and paragraphs in it.
Nassif explained: "The establishment of this company means putting all the wealth of Iraq at its disposal, and it is absolutely authorized to invest and contract with companies and determine the percentage of companies' profits as they wish without referring to parliament and are not subject to any supervisory authority, in addition to the possibility of their disposal in joint fields, and thus it may The country falls into poverty after the remaining oil wealth is stolen. "
Nassif stressed "the necessity of reconsidering the draft law by my prime ministership and parliament, and exploring the possibility of canceling it, in order to preserve the country's wealth, which should not be risked." LINK
The Arrest Of The Director General Of The Agricultural Bank In Baghdad
Thursday, 17 September 2020 12:07 PM Classification: Iraqi Baghdad / National News Center - On
Thursday, the security services arrested the Director General of the Governmental Cooperative Agricultural Bank, Adel Khudair, and his son in the capital, Baghdad.
A source said in a press statement that "a security force arrested the bank manager, his son, in addition to 10 other employees in the bank."
The source added, "The arrest of the bank manager, his son, and the employees took place on the seventh of this September, and the incident has not been announced yet." https://nnciraq.com/41027/
The Government Launches An Anti-Corruption Campaign To Hold 1,000 People Accused Of Corruption Accountable
Fighting corruption is one of the most prominent demands of the demonstration squares in Iraq
Reports Economy News – Baghdad The Iraqi government campaign began with the arrest of figures accused of corruption in state institutions, including ministers, deputy ministers, heads of investment agencies and businessmen, whose number is determined to be 1000.
Iraq has a number of institutions that follow the file of corruption, such as the Integrity Commission, the Supreme Council for Combating Corruption, the Parliamentary Integrity Committee and others, and the country ranks last in the classification of Transparency International.
A member of the Parliamentary Economic Committee, Ali Al-Lami, said that the despicable quota system produced corruption by distributing positions to parties, indicating that there are 27 people accused of corruption who will be arrested in the coming days, including 2 ministers, heads of investment bodies, deputy ministers and general directors.
He pointed out that more than 5,000 corruption files exist with the Integrity Commission, and all of them contain evidence, but the lack of will disrupted the issue of combating corruption.
And Iraq entered more than a trillion dollars since 2003 until now, but the country is still experiencing economic deterioration as a result of rampant corruption, and a large number of Iraqis welcomed any measures that limit corruption. The Anti-Corruption Council has identified 1,000 individuals accused of corruption since it began operating during the previous government.
Informed sources indicated that the arrest of the former head of the retirement authority, Ahmed Abdul Jalil and the head of the Baghdad Investment Commission, Shaker Al-Zamili, is due to corruption files, indicating that there are 4 former ministers who will be arrested in the coming days, especially since there is international coordination to recover the corrupt figures.
Meanwhile, a member of the Parliamentary Integrity Committee, Alia Nassif, said that corruption in Iraq exists in the country's leaders, and they own economic bodies, and thus requires political will to eliminate corruption, noting that the black box for corrupt files resides in the Ministry of Oil.
She stressed that the contracts of the ministries of oil, electricity, trade and defense are marred by a lot of corruption, explaining that tax evasion has damaged the Iraqi economy, which is an important file of corruption.
In the meantime, the head of the Reform and Change Foundation, Sabah Al-Kinani, said that corruption has become a reality in Iraq, and if there is an employee who is not corrupt, he fights and may be referred to retirement, explaining that there are contracts signed by state institutions, with fake companies under the pretext of social security for employees and retirees. Pointing out that one institution gives these companies amounts between 7-9 billion dinars per month.
He noted that the arrest of the former head of the retirement authority, Ahmed Al-Saadi, was due to the signing of a contract with a fake company regarding social security, as 7 billion dinars were deducted per month from the retirees.
Number of observations 62 Date of addendum 09/17/2020 https://economy-news.net/content.php?id=21887
The Arrest Of The Director General Of The Agricultural Bank In Baghdad
Thursday, 17 September 2020 12:07 PM Classification: Iraqi Baghdad / National News Center – On Thursday, the security services arrested the Director General of the Governmental Cooperative Agricultural Bank, Adel Khudair, and his son in the capital, Baghdad.
A source said in a press statement that "a security force arrested the bank manager, his son, in addition to 10 other employees in the bank."
The source added, "The arrest of the bank manager, his son, and the employees took place on the seventh of this September, and the incident has not been announced yet." https://nnciraq.com/41027/
Governor Of The Central Bank: A Deliberate Banking Plan Has Been Developed To Strengthen The National Currency
Time: 09/17/2020 14:10:20 Read: 3,328 times Governor of the Central Bank: A deliberate banking plan has been developed to strengthen the national currency *** Zz1433
(Baghdad: Al Furat News) The Governor of the Central Bank, Mustafa Ghaleb al-Kitab, met with the head of the Supreme Judicial Council, Faik Zaidan.
During the meeting, the governor of the Central Bank confirmed, according to a statement from his media office, that "a deliberate banking plan has been developed that will develop the work of the central bank, strengthen the national currency and address negatives in cooperation with the courts specialized in joint work with the central bank."
In turn, the President of the Supreme Judicial Council stressed during the meeting that "the selection of independent personalities from among the employees of state institutions to manage these institutions gives an indication of the government's seriousness in pursuing the professional institutional approach in building the state as well as stressing the importance of preserving the independence of the Central Bank in accordance with the constitution and the law of the Central Bank of Iraq", stressing "The need to adhere to banking laws, the law against money laundering and terrorist financing, and the instructions issued pursuant to them, to build a solid banking sector capable of facing financial and economic challenges and providing real opportunities for development." LINK
Governor Of The Central Bank Meets With The President Of The Supreme Judicial Council
Part Of The Meeting Of The Central Bank Governor, Mustafa Ghaleb (Left), With The President Of The Supreme Judicial Council, Faik Zidan
Banks Economy News – Baghdad On Thursday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Al-Kitab, met with the President of the Supreme Judicial Council, Judge Fayeq Zidan.
In a statement received by Al-Eqtisad News, the Central Bank said, "During the meeting, His Excellency the Governor of the Central Bank confirmed that a thoughtful banking plan had been developed that would develop the work of the central bank, strengthen the national currency and address negatives in cooperation with the courts specialized in joint work with the central bank."
In turn, the President of the Supreme Judicial Council stressed during the meeting that "the selection of independent personalities from among the employees of state institutions to manage these institutions gives an indication of the government's seriousness in pursuing the professional institutional approach in building the state as well as emphasizing the importance of preserving the independence of the Central Bank in accordance with the constitution and the law of the Central Bank of Iraq," according to Statement.
Zidan stressed "the necessity of adhering to banking laws, the anti-money laundering and terrorist financing law, and the instructions issued pursuant to them, to build a solid banking sector capable of facing financial and economic challenges and providing real opportunities for development."
Number of observations 148 date of addendum 09/17/2020 https://economy-news.net/content.php?id=21893
The Central Bank Announces A Plan To Develop Its Work And Strengthen The National Currency
Thursday 17, September 2020 15:14 | Economical Views: 74
Baghdad / NINA / The Governor of the Central Bank of Iraq, Mustafa Ghaleb Al-Kitab, announced the development of a plan to develop the work of the Central Bank and strengthen the national currency.
The Central Bank stated in a statement that the Iraqi National News Agency ( NINA ) received a copy: “The Governor of the Central Bank of Iraq, Mustafa Ghaleb al-Kitab, met today with the President of the Supreme Judicial Council, Judge Faiq Zidan, to discuss joint cooperation, and announced the development of a deliberate banking plan that will develop the work of the Central Bank. And strengthening the national currency and dealing with negatives, in cooperation with the competent courts. "
In turn, the President of the Supreme Judicial Council stressed during the meeting: "The selection of independent personalities from among the affiliates of state institutions to manage these institutions gives an indication of the government's seriousness in pursuing the professional institutional approach in building the state, as well as emphasizing the importance of preserving the independence of the Central Bank in accordance with the constitution and the Central Bank of Iraq law." ".
Zaidan stressed "the necessity of adhering to banking laws, the anti-money laundering and terrorist financing law, and the instructions issued pursuant to them, to build a solid banking sector capable of facing financial and economic challenges and providing real opportunities for development." / End 8
https://ninanews.com/Website/News/Details?key=857094
In His First Statement, The Governor Of The Central Bank Announces Setting Up A Banking Plan
Editing date: 9/17/2020 14:27 • 89 times read
BAGHDAD -the Governor of the Central Bank of Iraq, Mustafa Ghaleb, on Thursday, announced the development of a well-studied banking plan.
A statement received by Ayna News stated that "the Governor of the Central Bank of Iraq, Mustafa Ghaleb Al-Kitab, met with the President of the Supreme Judicial Council, Judge Faik Zaidan."
The statement added, "During the meeting, the governor of the Central Bank confirmed that a deliberate banking plan had been drawn up that would develop the work of the central bank, strengthen the national currency and address negatives in cooperation with the courts specialized in joint work with the central bank."
In turn, the President of the Supreme Judicial Council stressed during the meeting that "the selection of independent personalities from among the affiliates of state institutions to manage these institutions gives an indication of the government's seriousness in pursuing the professional institutional approach in building the state as well as emphasizing the importance of preserving the independence of the Central Bank in accordance with the constitution and the law of the Central Bank of Iraq."
He stressed, "the necessity of adherence to banking laws, the law against money laundering and terrorist financing, and the instructions issued pursuant to them, to build a solid banking sector capable of facing financial and economic challenges and providing real opportunities for development."
http://www.alliraqnews.com/modules/news/article.php?storyid=100416
Governor Of The Central Bank Meets The President Of The Supreme Judicial Council
Author: AhadNA3 On 9/17/2020 - 2:31 PM 103 Ahed News – Baghdad The Governor of the Central Bank of Iraq, Mustafa Ghaleb al-Kitab, met with the head of the Supreme Judicial Council, Judge Faik Zaidan.
During the meeting, the governor of the Central Bank confirmed that a thoughtful banking plan had been drawn up that would develop the central bank’s work, strengthen the national currency, and address negatives in cooperation with the courts specialized in joint work with the central bank.
In turn, the President of the Supreme Judicial Council stressed during the meeting that the selection of independent personalities from among the employees of state institutions to manage these institutions gives an indication of the government's seriousness in pursuing the professional institutional approach in building the state as well as stressing the importance of preserving the independence of the Central Bank in accordance with the constitution and the law of the Central Bank of Iraq, stressing the need for commitment With banking laws, the law against money laundering and terrorist financing, and the instructions issued pursuant to them, to build a solid banking sector capable of facing financial and economic challenges and providing real opportunities for development.
https://alahadnews.net/110135/%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82/%d9%85%d8%ad%d9%84%d9%8a%d8%a7%d8%aa/%d9%85%d8%ad%d9%84%d9%8a%d8%a7%d8%aa-2/
tlm724: I know this Governor has only been in office a few days but I like what he is saying !!! I can't wait to read about this "banking plan". But talk is cheap we need some action Wink
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