More Iraqi News Tuesday PM 6-8-21
More Iraqi News Tuesday PM 6-8-21
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The Securities And Exchange Commission Organizes A Conference To Stimulate Investment And Trading In Securities For The Year 2021
Chairman of the Securities Commission Faisal Al-Haims during his completion during the forum. "Economy News"
Money and business Economy News – Baghdad The Securities and Exchange Commission organized a forum to stimulate investment and trading in securities for the year 2021.
The recipient witnessed wide Arab and foreign participation, as well as a number of brokerage firms and investors.
SCA Chairman Faisal Al-Haymes said in his speech during the audience attended by "Al-Iqtisad News", that "in the midst of a world suffering from the repercussions of Corona and the restrictions it imposed on the movement of people and markets, and the challenges it poses, confused global markets and made them live in a unique situation that the Securities Authority was able to humiliate."
The challenges and obstacles facing the financial markets, as the authority developed regulations and policies in accordance with economic plans and studies that led to the prosperity of the indicators for the first quarter of 2021 .
He pointed out that "the traded shares amounted to 133.5 billion shares, and foreign investment purchases amounted to 18.5 billion dinars."
Al-Haims pointed out that, for the first time, the Iraqi Stock Exchange, in the months of January and May of this year, issued all regional markets, according to the assessment of the Arab Monetary Fund.
He added: " According to a three-year strategy set by the commission, we approved the creation of evening sessions as an opportunity to open the widest doors to Iraqi and foreign investors, and this is one of a series of developmental episodes of the reality of stock trading in Iraq."
The head of the authority confirmed that it "worked to amend the instructions for financial disclosure and to return 8 companies to trading in the market after they stopped trading for several years, as their reality was carefully studied, their problems were identified and successful solutions were found to return to circulation again and liberate their frozen capital for the benefit of investors in these companies."
He explained that "the authority worked on re-drafting its draft law to suit the financial and economic variables, as the authority created an internal organizational structure in support of improving the reality of jobs and regulating the work of brokerage and joint-stock companies."
Al-Haymes concluded his speech by saying: "The Commission has strengthened its presence on the Arab, regional and international arenas through its participation in the fifteenth annual meeting of the Union of Arab Organizations to discuss the annual report of the Union and its work plan for 2021. Our Commission expressed its readiness to host the next annual meeting in Baghdad."
For his part, the director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, explained that "the purpose of these forums is not limited to reviewing indicators, mechanisms and implemented plans, but rather working to provide the necessary supportive liquidity for financial instruments."
He added that "the plans adopted by the Board of Governors of the Iraq Stock Exchange, in cooperation with the Securities Commission, aim to include new companies, noting that" diversification of financial instruments is a key element to create new investment opportunities.
Abdul Salam stressed that "the Securities Commission worked through joint committees with the market to develop instructions and rules, and that this year will witness the issuance of new procedures and instructions."
He added, "We have two goals in developing the instructions. The first is to simplify the procedures without compromising the control procedures, and this is done by using the mechanisms of electronic technologies, and the second is to increase supervision."
And revealed the director of the Iraq Stock Exchange for the approval of the Securities Commission to attract new brokerage companies from various provinces, noting that "these companies represent, from our point of view, new investment centers."
The forum witnessed the establishment of three sessions dealing with different themes, in addition to the presentation of a number of research papers. A number of economic figures were also honored.
Views 34 Date added 06/08/2021 https://economy-news.net/content.php?id=25349
Important Laws Are Stuck In Parliament Because Of Their Preoccupation With Election Preparations
Ghadeer Al-Tamimi95 2021-06-08 The House of Representatives fails for the third time to hold a regular session to discuss several laws on the agenda of its sessions due to the lack of a quorum. The other did not attend for purposes related to political agreements, especially since this period includes changing ministers and interrogations.
Most of the representatives who attend are from the blocs that do not have weight. Despite the prior announcement of holding parliament sessions, we see something surprising and a negative indicator of the performance of the legislative authority.
This reluctance and apparent absence cannot be justified. About attending the sessions under any justification, especially in light of the challenges that we live in the country, which require the House of Representatives to carry out its tasks in legislating laws and most of them are in the committees because of the importance they represent for the country and citizens, especially the Civil Service Law and the new salary scale related to it, which aspires to It has a wide range of employees to achieve justice and equality in the salaries of employees.
Unfortunately, the failure to hold Parliament sessions disrupted the oversight role of the Council, as it impeded the completion of the interrogation of senior officials despite the completion of the formal and objective interrogation procedures, in addition to the importance of the role of the Parliament committees in monitoring the disbursement of funds for the financial budget for this year 2021 Which is estimated at (130) trillion dinars,
and ensuring the work of the ministries and the integrity of their procedures in accordance with the legal frameworks and the non-exploitation of this budget and the money in it in an atmosphere of preparation for the upcoming elections, this sends a negative message to the Iraqis at the present time, especially since the political forces in the Council in Baghdad and the provinces are exercising Its role in mobilizing and urging citizens to participate in the elections and put forward its political programs, and at the same time, it is unable to attend parliament sessions to exercise its role in accordance with the constitution, knowing that the parliament has four months to convene before the election date, which is a full legislative term and a sufficient period to perform the tasksAt the level of legislation and oversight in light of the challenges we have mentioned. http://burathanews.com/arabic/reports/393976
Al-Kazemi: The people were let down by the corrupt, and we put the first economic reform plan in the history of Iraq
Time: 06/08/2021 15:31:33 Reading: 1,664 times {Political: Al-Furat News} Prime Minister Mustafa Al-Kazemi stressed, on Tuesday, that the people had failed the corrupt, pointing out that we had put in place the first plan for economic reform in the history of Iraq.
Al-Kazemi said in a speech during the cabinet session, that "the government, despite the heavy legacy and great challenges, has taken important steps on the path of reform, and saved the country financially and economically, and is trying hard with plans and strategies that have been prepared to put the country on the right path."
He explained: After we have closed the first year of the government's life, which was granted by Parliament, we affirm that Iraq is capable of playing its civilized role in this world, as it is the Iraq of civilization, writing, law and science.
He stressed that "the annual government performance report, which was launched recently, included information and readings in all transparency, accuracy and clarity, and it includes the government's achievements during a whole year."
He went on to say: The government performance report lists in all transparency and impartiality what the government has accomplished from May 2020 to May 2021, as well as everything that is in the process of being accomplished.
And between: Our people have suffered a lot and have been let down by the corrupt, the slogan dealers and the unscrupulous, and today we put before you, with all transparency, what we have accomplished and what we have not accomplished yet, and what we are on the way to accomplish, in service to Iraq and the Iraqis who deserve the best. LINK
The Government Movement Strengthens Iraqi Economic Relations With The World
Tuesday 08 June 2021 137 Baghdad: Imad of the emirate
The recent period witnessed an intense diplomatic movement led by Prime Minister Mustafa Al-Kazemi, to strengthen Iraq's relations with a number of Arab countries, including Egypt and Jordan, as well as with regional countries, including Turkey and Iran, with the aim of achieving economic cooperation that would benefit all parties.
Academic economist Abdul Latif Shehab said: The movement of the Iraqi government was launched on the basis of joint cooperation and mutual benefit, because the economic file has its importance and impact on international relations, and the countries of the world, including Iraq, have become interested in developing these relations, and the economic file has an effective influence in building ideal relations.
Turn the economic researcher Dr.. Ahmed Al-Shara stated that {the Iraqi government has embarked on building the economic relations that constitute the nucleus of the modern state, with the advantages of specialization and division of labor to achieve economic stability and satisfy needs through mutual benefit}.
Commercial Exchanges
It is noteworthy that it was agreed between Iraq and Jordan to facilitate trade, increase the volume of bilateral trade exchanges, and address the obstacles facing the flow of intra-regional trade. With the Egyptian side, Iraq and Egypt signed 15 agreements, memoranda of understanding and cooperation protocols, in preparation for the implementation of projects in sectors Electricity, renewable energy, petroleum, mineral wealth, housing, transportation, commerce and industry and investment.
Economic projects
To that, a member of the Economists Association spoke Ikram Abdel Aziz, on the need to expand and encourage economic cooperation with Turkey through the establishment of joint economic projects and encourage the Turkish private sector to invest in Iraq, and because such cooperation and intertwining of economic interests makes the water file between Iraq and Turkey more flexible, and away from the negatives with the need to develop relations commercial and tourist. LINK
The Banking System Is Required To Have Plans That Support Development
Tuesday 08 June 2021 105 Baghdad: morning The international financial and banking expert, Saif Al-Halfi, called for the adoption of ambitious plans that would contribute to building an advanced private banking system in the coming years that would replace public banks, especially since private banking systems are more development than others.
He pointed out that private banks represent the identity of the country, as it has been proven by experience in most countries of the developed world that private banks are able to solve many complex economic problems, through the gateway to lending to small and medium enterprises, which are the first stations of economic development and address man
In turn, financial affairs specialist Faeq Nasser said that "the development of the private banking system and its adoption of advanced technology, which is adopted in international banks, contribute greatly to addressing all economic problems, as it will provide the necessary funding for important projects."
He pointed out that the advanced banking system comes with what the country lacks in terms of expertise and funds needed to advance the Iraqi economy, and that the process of advancing private banks requires expanding the areas of dealing and uses with the private and public sector. LINK
The Minister Of Planning Discusses With The US Ambassador The Development Of Airlines And Their Transformation Into A Profitable Company
Time: 06/08/2021 13:57:35 Reading: 1,508 times {Political: Al Furat News} Minister of Planning Khaled Battal Al-Najm discussed with the US Ambassador to Iraq Matthew Tueller, on Tuesday, the development of airlines and their transformation into a profitable company.
The ministry said in a statement that {Euphrates News} received a copy of it, that "the latter received in his office at the ministry's office, the US ambassador to Iraq, Matthew Tueller, and his accompanying delegation, and during the meeting, they discussed strengthening joint cooperation between the two countries in the economic, trade and development fields."
The two parties discussed a number of files related to the development and service reality in Iraq, including the reality of the electricity sector, the mechanisms for its advancement, and benefiting from cooperation relations with the United States in this field. The meeting also witnessed a discussion of the food security strategy, as well as the file of the development of the lines company. Iraqi Airways, and converted into a profitable company.
The two sides also discussed the efforts of the Ministry of Planning to include and follow up the implementation of investment and service projects throughout Iraq and the possibility of financing them from external loans in accordance with the priorities and criteria set by the Iraqi government. LINK
The Government Is Discussing And Reconsidering Internal And External Borrowing
Time: 06/08/2021 15:20:06 Reading: 1,274 times {Local: Al Furat News} The Ministry of Planning discussed, on Tuesday, working to reconsider according to the economic and financial conditions of Iraq, and to ensure maximum benefit from loans, whether internal or external,
Minister of Planning Khaled Battal Al-Najm chaired a joint meeting between the Ministries of Planning and Finance, which included Undersecretary for Technical Affairs Maher Hammad Johan, Director General of the Public Debt Department in the Ministry of Finance Khaled Salah El-Din, and Director General of International Cooperation in the Ministry of Planning, Saher Abdel-Kazim, and a number of experts. And advisers in the two ministries, according to the statement.
During the meeting, "discussing the borrowing mechanisms currently in force, and working to reconsider them in accordance with the economic and financial conditions of Iraq, in a manner that ensures maximum benefit from loans, whether internal or external, in financing investment and service projects, in a manner that does not constitute a burden on the national economy." LINK
Al-Kazemi Issues Directives Regarding Five Files
Political | 03:51 - 08/06/2021 Baghdad - Mawazine News, Prime Minister Mustafa Al-Kazemi issued, on Tuesday, directives related to five files.
Al-Kazemi said, during the cabinet session, that "the government is working on a national project to distribute plots of land to citizens from the eligible categories, and there has been tireless work for months to facilitate the distribution process, and the priority in entitlement will be according to fair and clear criteria."
He added, "The process of sorting the lands was carried out by the Ministry of Construction and Housing, Municipalities and the relevant institutions, as well as correcting their legal status to facilitate the ownership of the beneficiaries without legal obstacles."
And Al-Kazemi continued: “In order to prevent any manipulation, and for the sake of justice in the distribution of entitlement, there will be an (electronic application) that will be announced soon for the purpose of registering and sorting the categories of eligible lands,” noting that “the priority in distributing land will be determined among eligible citizens according to points and without Preference or interference from any party, and work is underway to provide loans from banks and banks to land recipients in order to start building their housing units.
He continued by saying: "All construction operations will be subject to laws, urban plans and infrastructure plans, and we will prevent any urban distortion from occurring in the new residential complexes," noting that "Iraq's security as a society stems from the security of Iraqi families, and the provision of decent and decent housing is an essential part of these efforts." . He pointed out, that " https://www.mawazin.net/Details.aspx?jimare=156242
Al-Kazemi: The government saved Iraq financially and economically
Money and business Economy News – Baghdad Prime Minister Mustafa Al-Kazemi announced that his government was able to save Iraq financially and economically.
Al-Kazemi said, during his speech at the cabinet session, and his media office broadcast, part of it, which was reviewed by “Economy News”, “The government managed, despite the heavy legacy and great challenges, to accomplish important steps on the path of reform, and to save the country financially and economically, and it is trying hard, with plans and strategies that have been completed.” preparing it to put the country on the right path . ”
He added that the recently launched annual government performance report, in which information and readings were included in all transparency, accuracy and clarity, and it includes the government's achievements during a whole year , explaining that the government performance report lists in all transparency and impartiality what the government accomplished from May 2020 to May 2021, as well as all What is being accomplished .
He pointed out that the people suffered a lot and were let down by the corrupt, the merchants of slogans and those without conscience, and today we put before you, with all transparency, what we have accomplished and what we have not yet accomplished, and what we are on the way to accomplish, in service to Iraq and the Iraqis who deserve the best .
And he stated, " We developed the first plan for economic reform in the history of Iraq, and prepared all the requirements for the elections. We also achieved successes in the oil sector, agriculture, communications and water resources, and we did the anti-corruption file by arresting dozens of senior corrupt . " Views 33 Date added 06/08/2021 https://economy-news.net/content.php?id=25350
The Outlets Talk About Their Steps In The Fight Against Corruption
Political | 03:28 - 06/08/2021 Baghdad - Mawazine News, the Border Ports Authority spoke, on Tuesday, about its steps taken to combat administrative and financial corruption.
A statement by the outlets, which Mawazine News received a copy of, stated that "the head of the Border Ports Authority, Major General Omar Adnan Al-Waeli, attended the first meeting held by the Integrity Commission at the Iraqi Anti-Corruption Academy, in the presence of governors, with the participation of the President of the Federal Financial Supervision Bureau and the Director General of the General Authority of Customs."
The statement added that "Al-Waeli presented the measures taken by the Ports Authority in combating administrative and financial corruption by exercising a supervisory and supervisory role on the work of all departments located at the border crossing under Law 30 of 2016 and Cabinet Resolution 84 of 2020."
He continued: "Developmental measures were put forward, including electronic auditing of the measures taken in cooperation with the departments within the border crossing, as well as coordination with the governorates in the reconstruction of infrastructure and the development of ports through the revenues obtained from border crossings."
He continued by saying, "The Ports Authority demanded the governorates to establish transit corridors, as well as direct municipal units within the outlets in order to maintain cleaning and provide the required services, with an emphasis on the governors to follow up on the procedures of state real estate in the governorates in order to complete the lease contracts for the services required in the port, as it is the owner of the land according to the law." ".
For his part, the governors, the head of the Integrity Commission and the head of the Federal Financial Supervision Bureau expressed "support for the commission's work and the maintenance of coordination and joint work, and many important topics that advance the work of the outlets were discussed." Ended 29/A43 https://www.mawazin.net/Details.aspx?jimare=156238
Saudi Companies Confirm Their Desire To Invest Gas In Two Iraqi Fields In Anbar And Basra
Energy Economy News _ Baghdad Saudi companies confirmed their desire to hold investment partnerships in free and associated gas investment projects, especially in the Akkas fields in Anbar and Artawi in Basra.
The Minister of Oil, Ihsan Abdul-Jabbar, stressed, according to a statement of the Ministry of Oil received by "Al-Iqtisad News", "to strengthen bilateral relations between Iraq and Saudi Arabia and to expand the horizons of cooperation between the two countries in all fields, including energy, petrochemicals, gas investment and clean energy."
This came during an extensive meeting held by Oil Minister Ihsan Abdul-Jabbar Ismail via television with Saudi Energy Minister Prince Abdulaziz bin Salman, in the presence of Electricity Minister Majid Mahdi, Investment Authority Chairman Suha Al-Najjar and a number of officials.
Abdul-Jabbar said, "This meeting comes within the framework of the two brotherly countries' desire to cooperate in implementing a number of investment projects, as the desire of Saudi companies to hold investment partnerships in free and associated gas investment projects, especially in the Akkas fields in Anbar and Artawi in Basra, and the petrochemical industries, including the project of Nebras.
Saudi Energy Minister Prince Abdulaziz bin Salman expressed the Kingdom's desire to achieve partnership, stressing the importance of bilateral cooperation, stressing that these meetings aim to accelerate the implementation of memoranda of understanding that were signed between the two brotherly countries during the recent period.
On The Saudi Side, Officials From Aramco, SABIC And ECO Power Were Present.
Views 168 Date Added 06/08/2021 https://economy-news.net/content.php?id=25339
Deputy: The Rise In Oil Prices Calls On The Government To Take Economic Measures That Serve The Citizen
Money and business Economy News _ Baghdad Member of Parliament, Representative Fadel Jaber, stressed, on Tuesday, the need to take governmental economic measures, by exploiting the significant rise in oil prices in order to reduce the poverty rate and to redress the eligible segments.
Jaber said in a press interview, "Iraq needs a major economic rescue step, especially since many segments suffer from poverty, and this percentage increased after the measures taken by the government during the current year."
He added that "the surplus of oil prices should be optimally utilized in order for the citizen to benefit from it, in addition to harnessing it to serve the poor segments of the Iraqi people."
Jaber explained, "Oil exceeded the $70 barrier, while the budget decided the price of a barrel of oil at $45, so the government must take economic measures to relieve the burden of the citizen and exploit the surplus of oil imports to solve the current economic crisis."
Views 134 Date Added 06/08/2021 https://economy-news.net/content.php?id=25343
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