More Iraqi News Tuesday PM 6-15-21
More Iraqi News Tuesday PM 6-15-21
TLM724 Administrator BondLady’s Corner
Central Bank Governor Mustafa Ghalib Visits A Number Of Private Banks
Economy News – Baghdad The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikheib, visited a number of private banks today, Tuesday .
During the visit, he stressed the importance of loans granted to citizens by the Central Bank's initiative, and the need to facilitate and expedite the procedures for granting them to cover the largest possible number of citizens' beneficiaries .
It is noteworthy that the Central Bank of Iraq launched more than (580) billion dinars from the initiative of one trillion dinars for private banks to finance about (7500) projects in the sectors of housing, industry and services .
Views 19 Date Added 06/15/2021 https://economy-news.net/content.php?id=25416
Work: We Agreed With The Central Bank To Develop And Modernize The Social Protection System
Time: 06/15/2021 10:08:51 Reading: 2,925 times {Economic: Al Furat News} The Ministry of Labor and Social Affairs announced, on Tuesday, an agreement with the World Bank to implement two plans for rehabilitation, development and modernization of the social protection system to exclude emergency and transgressors.
Undersecretary Abeer Chalabi said, in a press statement, that "a ministerial team was formed for the purpose of proceeding with the implementation of the reform plans and projects of the ministry that were included in the white paper for government reforms for the current year at specific times," noting the "necessity to start practical steps away from the theoretical side, from By giving fixed time limits for the procedures and mechanisms for their implementation, and by ensuring that the ministerial team submits monthly reports that include ideas and proposals that support the actual reform steps.
Chalabi added, "The ministry agreed with the World Bank to implement two plans, the first for rehabilitation and development, and the second for social protection within specific programs, because there is an urgent need for support in implementing those programs."
She pointed out that "there is a plan to implement a project to standardize and develop the ministry's database, as well as networking, which will contribute to improving the protection system and exclude emergency and violators of the system." LINK
Work Agrees With The World Bank To Develop The Social Protection System
Tuesday 15 June 2021 197 Baghdad: Batoul Al-Hasani The Ministry of Labor and Social Affairs has agreed with the World Bank to implement two plans for rehabilitation and development and to modernize the social protection system to exclude emergency and transgressors.
Undersecretary Abeer Chalabi told "Al-Sabah": "A ministerial team was formed for the purpose of proceeding with the implementation of the reform plans and projects of the ministry included in the white paper on government reforms for the current year at specific times," noting "the need to start practical steps away from the theoretical side, By giving fixed time ceilings for the procedures and mechanisms for their implementation, and by ensuring that the ministerial team submits monthly reports that include ideas and proposals that support the actual reform steps. LINK
Find Out The Exchange Rates For Today
U.S. dollar Market Economy News - Baghdad
"Economy News" publishes the dollar exchange rates in the local markets for Tuesday, June 15, 2021.
Price in exchanges (stock exchanges) 149 thousand dinars purchase price 150 thousand dinars selling price Views 192 Date Added 06/15/2021 https://economy-news.net/content.php?id=25411
Global Oil Prices Hit A New High
Tuesday 15 June 2021 09:16 | EconomicNumber of readings: 382 Baghdad / NINA / - Global oil prices recorded a new high today, Tuesday.
Brent crude rose 43 cents, or 0.6 percent, to $ 73.29 a barrel, after rising 0.2 percent on Monday.
West Texas Intermediate crude also rose, increasing 41 cents, or 0.6 percent, to $71.29. /finished 3
https://ninanews.com/Website/News/Details?key=910025
Investors Continue To Flee Iraq..The Investment Law Does Not Protect Them From Blackmail
2021/06/13 20:35 number of readings 1648 Section : citizen journalist Baghdad / Obelisk: The books of a specialist.. All countries of the world with different economic doctrines, including socialism and capitalism, with open or central market economies, all without exception are built on the basis of investment.
And investment only is the builder of nations, achieving urban and civil progress, increasing national production, developing the economy, eliminating unemployment, preserving state resources and sustaining life in the country.
But in Iraq, everything is different.
As soon as investment in work began more than 15 years ago, the Iraqis rejoiced in goodness, and their capital was eager to work, sacrifices, experiences and risks, despite the difficult and very complex conditions of Iraq.
Thousands made progress by investing their capital in their homeland and inviting Iraqi investors in neighboring countries to return to their homeland, employ their compatriots, and build their cities.
But a small flaw was added to the amended Investment Law No. 13 of 2006, which is the formation of local investment commissions in the governorates.
And this was the cancer that killed investment in Iraq and turned the dream into a terrifying nightmare, especially after the sources of corruption and theft of state funds had dried up. The mafias of corruption and theft, eating haram money, extortion, bribery and commissions, turned to drying up investors’ pockets and bringing their projects to their knees, even if these projects stopped.
These mafias turned fiercely, openly, and as clear as the sun's rays to competition and the rise of extortion exchanges and dirty royalties turned to Iraqi and foreign investors alike.
Flee who fled, especially the foreigners who left Iraq forever. Many Iraqis returned to the countries of the diaspora in order to preserve what was left of their money after losing millions of dollars in their country.
Unfortunately, the investment authorities in the governorates turned into hotbeds for blackmailing investors, and the cancerous disease spread like wildfire.
This is the reason for the collapse of the reputation of the climate and the Iraqi investment environment as a whole, and Iraq has become one of the most dangerous countries in the world for investment.
Therefore, it became imperative for the central government to take immediate measures and quick decisions to stop this horrific deterioration, taking quick steps, as follows:
First: Freezing the work of investment commissions in the governorates
Second ; Assigning the National Investment Commission to run the work of the provincial investment commissions
Third: Considering the investment authorities in the governorates as branches of the National Investment Commission
Fourth: Working to amend Law No. 13 of 2006 amended in the House of Representatives and abolish the provincial investment commissions because they have completely failed to preserve the national secretariat
All these procedures are legally available to the Council of Ministers and to the Prime Minister under the law, which is a supreme national interest.
Note that most of the boards of directors in investment bodies and their heads are illegal and lost the legal cover for their formation after the abolition and praise of the provincial councils in the first place and exceeding the legal periods originally permitted by law.
https://almasalah.com/ar/News/210575/المستثمرون-يواصلون-الفرار-من-العراق--قانون-الاستثمار-لا-يحميهم-من-الابتزاز
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