More Iraqi News Wednesday Evening 6-1-22
More Iraqi News Wednesday Evening 6-1-22
TLM724 Administrator BondLady’s Corner
Economist: Iraq Is Able To Revive Its Economy Through A New Road Map
Economic Last update 05/30/2022 | 10:37 AM Information / Baghdad…The economic expert Wissam Al-Tamimi confirmed that Iraq possesses large areas that can be exploited and prepare a new road map to make it a corridor for goods coming from other countries towards the rest of the world, whether in Asia or Europe, to achieve a great economic return for each shipment entering Iraq.
Al-Tamimi told Al-Maalouma, "Iraq has a good road network, but it is no longer adequate, as Baghdad needs the fourth ring road to create more than 5 new residential areas, as its revival will eliminate a large percentage of the housing crisis, in addition to the fact that the road It can be exploited to rid Baghdad of the traffic congestion of large load wheels, in addition to the possibility of establishing factories, rest stations and commercial buildings on the side to achieve a good economic return for the state and the citizen.
He added that "Iraq urgently needs a new international road linking the north with the south, center and west to make it a corridor for goods coming across the sea towards Turkey, Syria, Jordan and the rest of the European countries, and it is possible to put up such projects for investment or it can be paid through oil."
Al-Tamimi explained, "There are a lot of ingredients and qualifications to make Iraq an economic gateway linking Asia with countries to Europe and the rest of the countries,
where it is possible to invest the financial abundance to come with giant companies that create a new road network that will enter the state with great resources and be an opportunity to eliminate unemployment and the housing crisis, and make the country one of the most important countries Industrial Arabic. finished/ 25 n https://almaalomah.me/2022/05/30/600579/
Al-Anbar: Al-Baghdadi's oil and gas fields are comparable to those of Qatar and Russia
Economic 2022/05/29 | 2:33 pm Information / Anbar .. The director of the Jubbah Municipality Department in Anbar Governorate, Qatari Al-Obaidi, revealed, on Sunday, that the oil and gas fields discovered on the island of Al-Baghdadi district are comparable to the fields of Qatar and Russia.
Al-Obaidi said in a statement to the Information Agency, “The Oil Exploration Company is one of the formations of the Ministry of Oil that is conducting exploration operations on oil and gas fields in the Jazirat Al-Baghdadi area in the district of Hit, west of Anbar. Oil and gas fields in Qatar and Russia in terms of the quantities stored underground of oil derivatives.
He added, "The discovered gas fields are only a few hundred meters away from the surface of the earth, and they are easy to explore and do not require great efforts to bring gas close to the surface of the earth, not to mention that Al-Baghdadi Island is floating on a lake of oil and gas fields, explaining that
"different areas of the Anbar desert According to the workers of the Oil Exploration Company, the western regions contain large reserves of gas and crude oil equivalent to what Qatar and Russia possess, stressing that the western regions are also rich in minerals and phosphates.
It is noteworthy that 10 seismic teams are conducting exploration operations on oil and gas fields in the western regions. finished / 12a https://almaalomah.me/2022/05/29/600456/
Government Flops To Manage Surplus Funds.. An Economist Indicates Important Observations
Tue, May 31, 2022 7:21 PM National News Center / Special The economic researcher, Nabil Jabbar Al-Ali, confirmed today, Tuesday, that there is a clear confusion in the way the government manages the surplus funds resulting from large oil sales at high prices.
Al-Ali said in a statement to the "National News Center", "One of the officials' initiatives to dispose of the surplus funds went towards paying the internal debt, which mostly belongs to government banks, the Central Bank and local contractors,
while the external debts, which amount to about $20 billion, are of limited interest. Scheduled periodically, Iraq pays up to 5 billion of them annually or less.
And he continued, “As for the possibility of the payment plan succeeding, it is based on the expectation of improving revenues and an increase in the financial surplus, and the end of the Kuwait compensation file and the obligations of the Iraqi state from it. Iraqi money to waste or corruption.”
The Iraqi government had approved a plan to pay off the internal debt of $50 billion within three years, after it had approved a strategy for this purpose, presented by the Public Debt Department in the Ministry of Finance that extends over the years 2022, 2023, and 2024, as part of the draft federal budget bill for the country for the year. Finance 2022 and the following years, as it aims to zero the Iraqi internal debt, which reached 70 trillion dinars (50 billion dollars), the majority of which is debt to the Central Bank of Iraq. https://nnciraq.com/131913/
The Central Bank Of Iraq Decides To Re-Work With Financial Products
May 31, 2022 The Central Bank of Iraq decided to re -work with its financial products with time
1- The investment window in the Iraqi dinar for (30) days and a interest rate (1%).
2- The remittances of the central bank in the Iraqi dinar for (182) days.
3- The remittances of the central bank in the Iraqi dinar for (364) days.
5- Islamic deposit certificates in the Iraqi dinar for (182) days.
6- Islamic deposit certificates in the Iraqi dinar for (364) days.
»To see the employment of financial products and its issuance plan ... click here
https://cbi.iq/static/uploads/up/file-16539954403117.pdf
Iraq Earns More Than 11 Billion Dollars From Its Oil Exports In May
Economie| 12:08 - 01/06/2022 Baghdad - Mawazine News The Ministry of Oil announced, on Wednesday, the total exports and revenues achieved for the month of last May, according to the preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO).
The ministry's media office said in a statement received by Mawazine News that "the total amount of crude oil exports amounted to 102 million, 303 thousand and 20 barrels, with revenues of $11.436 billion."
The statement added, "The total quantities of crude oil exported for the month of May from oil fields in central and southern Iraq amounted to 98,946,914 barrels, while from Kirkuk fields through Ceyhan port, the exported quantities amounted to 3,2,133 barrels."
He pointed out that "the average daily quantities amounted to 3 million and 300 thousand barrels per day," continuing that "the average price of one barrel amounted to more than (111.79) dollars." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=195123
President Of The Republic: It Is Necessary To Legislate A Law To Recover The Proceeds Of Corruption
political| 01:06 - 01/06/2022 Baghdad - Mawazine News, the President of the Republic, Barham Salih, stressed, on Wednesday, the need to legislate the law to recover the proceeds of corruption, reiterating the call for the formation of an international coalition to combat corruption.
And a statement by the Presidency of the Republic, received by Mawazine News, stated that "the President of the Republic, Barham Salih, received, today, Wednesday, at the Peace Palace in Baghdad, the head of the Integrity Commission, Judge Alaa Jawad Al-Saadi."
According to the statement, Saleh stressed the "important role of the authority in combating corruption," noting that "preserving public money, closing corruption outlets, and recovering looted funds is an urgent national need," while noting "the risks of continuing corruption in weakening institutions by responding to citizens' requirements and influencing negatively on investment and reconstruction opportunities in the country.
He pointed out, "The importance of approving the draft law on recovering the proceeds of corruption submitted by the Presidency of the Republic, to be in addition to the existing effort from the legal system, a step in the way of combating this dangerous scourge, in addition to the need to form an international coalition to combat corruption similar to the international coalition to fight ISIS."
Saleh stressed, "the necessity of activating all legal and practical measures in the fight against corruption and through unconventional measures with proactive and deterrent steps and subsequent ones to recover corruption funds, and to benefit from successful international experiences in this regard." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=195131
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