More Iraqi News Thursday PM 9-3-20
More Iraqi News Thursday PM 9-3-20
TLM724 Administrator BondLady’s Corner
The Dollar Breaks Its Stalemate In Iraq And Rises
Time: 09/03/2020 09:50:51 Read: 3,614 times {Baghdad: Al Furat News} Today, the foreign currency markets in Iraq recorded a slight increase in the exchange rate of the US dollar against the Iraqi dinar, after it stabilized for about two weeks at the same price.
The prices of selling and buying dollars in exchange companies and offices were as follows:
The selling price of one dollar was 1235 dinars, or 123 thousand and 500 dinars for one hundred dollars.
The purchase price of the dollar is 1225 dinars, or 122 thousand and 500 dinars per hundred dollars.
Foreign exchange rates, gold and crude oil until the preparation of this news:
The euro The global price: 100 euros = 118,00 pounds sterling The global price: 100 pounds = 132.94 dollars of the Turkish lira The global price: 100 dollars = 738.46 Turkish lira
The price of an ounce of gold worldwide = 1932.70, the price of a barrel of Brent crude oil = 44.45 dollars, the price of a barrel of US crude oil = 41.43 dollars. LINK
The Stock Market Continues Its Losses In The Closing Session
Market Economy News – Baghdad The stock market ended this week with losses after its index fell in Thursday's session by 0.07%.
In today's session, the shares of 8 companies led by the modern sewing stocks decreased by 4.93%, and the shares of Elaf Islamic Bank by 4.76%.
While the shares of 6 companies provided by Al- Kindy Vaccines Production rose by 2.13% and the shares of Al-Mamoura Real Estate by 1.88%.
During this period, 1.4 billion shares were traded, worth 0.01 billion dinars.
Only two companies, Iraq Land Transport, rose by 1.33% and Baghdad Hotel by 0.63%.
Foreign investors sold 45 million shares, at a value of 39 million dinars.
Number of observations 122 Date added 09/03/2020 https://economy-news.net/content.php?id=21717
The Private Sector Is The True Partner
The observer for economic affairs, Ali Hussein Nader
Articles Ali Hussein Nader *
When we look for the role of the private sector in all economies, we see that it is the main part on which to build a strong economic system, except in Iraq. When we look for the role of this sector, we see marginalized, so why is this marginalization? Who is standing behind him? Can the public sector save the country from this crisis?
These questions and more need explicit answers because this sector is the only savior for the country with its solutions to sterile problems in the Iraqi economy, including
1- Unemployment, which is one of the most intractable problems in Iraq because of population density and the difficulty of appointing government institutions. Note that every year, more than four hundred thousand students graduate from Iraqi universities. Of course, government jobs cannot absorb these numbers, but the private sector can absorb these numbers through private economic institutions.
2- The alternatives are also one of the intractable problems in Iraq because the economy depends at a rate ranging from 92% to 95% on oil imports, and because in light of the many crises we must reach a complete conviction that oil is linked to internal and external decisions and a day comes and the price of a barrel of oil becomes a price A grain of dirt. We must think of alternatives. Iraq is one of the wealthy countries. The private sector is the one who can exploit these resources and produce various industries that constitute large imports to the country that may exceed oil imports.
* Monitor of economic affairs Number of observations 113 Date added 09/03/2020
https://economy-news.net/content.php?id=21709
Iraq .. Targeting A Convoy Of The American Coalition In Babel Governorate
Pratha News Agency118 2020-09-03 Today, Wednesday, the Security Media Cell announced that a device had exploded in Babel Governorate, after a convoy of a transport company contracted with the International Coalition crossed.
The cell said in a statement, "An explosive device exploded in Babil Governorate on the international highway, after a convoy of a civilian transport company contracted with the International Coalition crossed."
The statement added that the explosion "caused damage to a civilian Hino wheel that was traveling behind the convoy a great distance, and injured a civilian person who happened to be in the explosion."
French President Emmanuel Macron arrived, today, Wednesday, in the capital, Baghdad, on his first visit to Iraq, and he arrived in Baghdad from Beirut, where he spent two days. http://burathanews.com/arabic/economic/375804
Al-Adl Announces The Approval Of The Ministry Of Finance To Launch The Financing Of The Salaries Of New Recruits
Time: 09/03/2020 16:29:15 Read: 1,716 times (Baghdad: Al Furat News) Today, Thursday, the Ministry of Justice announced the approval of the Ministry of Finance to start financing the salaries of new recruits.
The ministry said in a statement that "based on the directives and constant follow-up by Minister of Justice Salar Abdul Sattar Muhammad on the necessity of securing the payment of financial dues to the newly appointed employees of the ministry and adopting procedures to ensure their legitimate rights."
The Director General of the Administrative and Financial Department, Haytham Mohi Radi, affirmed that, "According to the instructions of the Minister of Justice, to make all efforts to secure the payment of the salaries of the new recruited employees of the Ministry and to adopt measures to ensure their legitimate rights, and with close follow-up by the administrative and financial department staff in the ministry, the approval of the Ministry of Finance has been obtained." On the launch of financing the salaries of newly appointed employees in the center of the Ministry of Justice, which are due from the date of starting the position.
Noting at the same time that "the financial dues mentioned will be disbursed during this current month and at the earliest possible date." LINK
Al-Kazemi: The Government Has Inherited A Heavy Legacy Of Uncontrolled Weapons And Clan Disputes
Time: 09/03/2020 16:17:56 Read: 1,729 times (Baghdad: Al Furat News) The Prime Minister and Commander in Chief of the Armed Forces, Mustafa Al-Kazemi, today, Thursday, visited the headquarters of the Joint Operations Command in Baghdad, and was received by the Chief of Staff of the Army, the Deputy Commander of Joint Operations, and the Head of the Counter-Terrorism Service.
Upon his arrival, Al-Kazemi held a meeting with the security and military leaders, and listened to a detailed presentation on the security situation in all regions of the country and the military capabilities available to protect the borders, and issued a set of directives.
Al-Kazemi praised "the great efforts made by the security services of all kinds in warding off the threat of terrorism and providing stability in the country, and affirmed that he is betting on the heroic security forces in providing security, in a way that enhances the citizen's confidence in the state and makes him feel reassured."
He stressed "the importance of activating the intelligence effort of the armed forces, to face the great security challenges in Iraq, which require unconventional action to confront them, including activating the intelligence work."
Al-Kazemi affirmed that "the government has inherited a heavy legacy of uncontrolled weapons and clan conflicts, which have become a real threat to society and threaten its members, and it is also working to hinder the efforts of reconstruction and development in the country." To end it, impose the prestige of the state, and confront everything that threatens the security and stability of the country. " LINK
Zain explains the truth of hacking Zain Cash and piracy of customer balances
Time: 09/03/2020 16:07:28 Read: 2,080 times (Baghdad: Al Furat News) Zain Telecom Company in Iraq explained the truth about the news of the breach of the "Zain Cash" system and the theft or piracy of customer balances.
A statement of the company stated that the Al Furat News Agency received a copy of it, "Recently, bare information has been circulated on some social media platforms regarding the breach of the system of the Zain Cash company. We would like to clarify that this information is unfounded and there are no cases of penetration or withdrawal of money. From customers' wallets without their knowledge at all. "
The statement added, "If customers have any inquiries or questions, please contact us through WhatsApp at the following number of the company {009647806999902}". LINK
Iraq Is Moving To Join Global Trade ... And An Arab Country: We Will Facilitate Its Mission
Time: 09/03/2020 10:15:12 Read: 3,003 times {Baghdad: Al Furat News} Iraq opened the file for its accession to the World Trade Organization.
According to a statement by the Ministry of Foreign Affairs, the Euphrates News Agency received a copy of it, “The Chargé d'Affairs, Minister Plenipotentiary {Abbas Kazem Obeid} met in Geneva the head of the working group concerned with Iraq's accession to the World Trade Organization, Ambassador Omar Hilal / Permanent Representative of the Kingdom of Morocco to the United Nations in New York, In the presence of the Director of the WTO's Accession Department, Ms. Maika Oshikawa, and her assistance at the Organization's headquarters.
The two sides exchanged, according to the statement, "talking about ways to activate the file of Iraq's accession to the organization and the importance of continuing work in completing technical documents to complete the requirements for accession and overcome the obstacles and challenges facing the accession process."
The statement indicated that "it was agreed to prepare training programs for the members of the national negotiating team, as well as discuss the importance of setting a new date for the high-level conference on Iraq's accession to the World Trade Organization, which was supposed to be held in Baghdad for the period 26-27 / 11/2019. ".
Last Thursday, Moroccan state television - Channel 1 - announced that Moroccan Ambassador Omar Hilal, head of the working group concerned with Iraq's accession to the World Trade Organization, held a series of meetings last week in Geneva with the parties participating in the World Trade Organization. Activating the file of integrating Iraq into this organization.
On the other hand, identical sources clarified that these meetings follow a telephone conversation that Ambassador Omar Hilal held during the month of July with the Minister of Trade, Alaa Ahmed Hassan Al-Jubouri.
The same source added that during the aforementioned meeting, the two sides agreed to activate negotiations, with a view to speeding up the process of the Iraqi Republic’s accession to the World Trade Organization.
Here it is noteworthy that Ambassador Omar Hilal, Chairman of the Working Group on Iraq’s Accession, had a discussion with the Director General of the World Trade Organization, Roberto Azevedo, and held a working session with the Deputy Director General in charge of accession operations, Alan Wolf, as well as with Mika Oshikawa, Director of the Accession Operations Department, Where Wolff pledged to work to sensitize the countries of the World Trade Organization, in order to facilitate the process of joining Iraq.
On the other hand, according to a report by MAP, he highlighted that Ambassador Omar Hilal held bilateral meetings with ambassadors and permanent representatives in Geneva, and the main countries participating in this process, especially the European Union, Switzerland, Russia, China and Saudi Arabia, in their capacity as coordinator of the Arab Group He also had a fruitful phone conversation with the representative of the United States, who was in Washington.
The report also highlighted that the interlocutors of Moroccan Hilal were unanimous in expressing thanks and praise for Morocco's tireless efforts aimed at re-launching the process of Iraq's accession to the World Trade Organization, in the difficult context of the "Covid-19" epidemic.
On the other hand, the aforementioned source added that the Moroccan diplomat held a virtual working session from Baghdad, with Adel Al-Masoudi, Director General of Foreign Economic Relations at the Ministry of Trade and head of the delegation in charge of negotiations. All documents required to join.
To this end, the Iraqi side requested technical assistance for the benefit of the various ministerial sectors concerned in order to form an effective negotiation team, capable of enabling Iraq to better negotiate its interests during this process, which will be long and arduous, and this virtual working session was completed by coordination meetings held with the mission. Al-Iraqiya, with Abbas Kazem Obeid, the Iraqi ambassador to Geneva.
In order to mobilize the necessary financial contributions for technical assistance, training and strengthening the capabilities required by the Iraqi authorities, Hilal held a virtual working session with representatives of the World Bank in both Baghdad and Beirut. On the other hand, the head of the working group called in a meeting with the director of technical assistance for the mall International to strengthen technical support for the benefit of the Iraqi delegation.
The re-launch of the process of Iraq's accession to the World Trade Organization comes in a positive context, reinforced by encouraging signs following the formation of the new Iraqi government led by Mustafa Al-Kazemi, as the latter expressed his aspiration to open up to its regional and international surroundings.
Thus, Al-Kazemi aims to fight corruption, and to carry out many reforms in the country, especially at the level of the judicial system, as well as to implement the necessary economic transformation so that oil is not mainly dependent on oil as a main source of Iraq's GNP, by focusing on diversifying his income through Promote the sectors of agriculture, livestock, agricultural industries and trade.
On the eve of these preliminary discussions, led by Hilal Maghribi in Geneva, the World Bank published a report on the economic situation in Iraq.
This report stresses the importance of the country’s accession to the World Trade Organization, which will help complete many reforms, through binding international commitments, and enable Iraq to benefit from a multilateral trading system that is transparent, extrapolable, and based on rules. LINK
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