More Iraqi News Wednesday PM 5-26-21
More Iraqi News Wednesday PM 5-26-21
TLM724 Administrator BondLady’s Corner
The central bank achieves additional revenues in the first quarter of 2021
Time: 05/26/2021 10:03:35 Read: 2,496 times The Central Bank of Iraq achieved additional returns on its investments during the first quarter of the year 2021 compared to the fourth quarter of last year, and this came as a result of its adoption of the principle of self-management of investments as part of its efforts to adopt international best practices in managing investments that allow greater flexibility and control benefiting from the electronic trading platforms that Owned by this bank, and specialized technical personnel trained to work on it.
The Central Bank confirms that working according to the above mechanisms and practices achieved additional returns resulting from the difference in negotiating interest rates with correspondents, at a rate of more than 1% of the total returns achieved on the investments of this bank for the first semester of 2021. LINK
Oil Stabilizes After The Decline In US Inventories
Time: 05/26/2021 08:46:36 Read: 1,768 times {Economic: Al Furat News} Oil stabilized on Wednesday, with the decline in US stocks, in exchange for the possibility of more crude oil supplies flowing from Iran in the event of reviving the nuclear deal
Talks continued between Iran and world powers to resolve issues related to the nuclear deal, which could pave the way for the lifting of sanctions on the OPEC producer. This could unleash a flood of Iranian barrels hidden in tankers at sea.
Oil has risen more than 35% this year as the strong recovery from the epidemic in the United States, China and Europe led to a recovery in consumption, even though parts of Asia face a resurgence of Covid-19.
West Texas Intermediate crude for July delivery fell 0.03% to $ 66.02 a barrel on the New York Mercantile Exchange at 05:19 GMT.
Brent crude settled for the month of July at $ 68.50 on the ICE Futures Exchange, after gaining 0.3% in the previous session.
The American Petroleum Institute reported that gasoline inventories fell by about two million barrels last week, while crude oil inventories fell by 439,000 barrels, according to people familiar with the matter.
Meanwhile, diplomats are still arguing about the United States. Sanctions and Iran's advanced enrichment technologies, the Gulf state may hold up to 69 million barrels of crude oil at sea in tankers. LINK
The Demonstrations Are A Wake-Up Call Towards Comprehensive Change
Qasim Gharawi114 2021-05-26 Qassem Al-Gharawi || On Tuesday, legislative coordination demonstrations took place in various places in the center of the capital, Baghdad, coming from several governorates, where activists raised banners calling for the detection of the killers of activists, resenting their dissatisfaction with the government’s procrastination and failure to fulfill any of its previous promises, warning at the same time against the expansion of protests if these are still ignored. Demands
The political process faces a major defect in light of the continuation of the series of assassinations that were not limited to activists and media professionals, but rather to election candidates recently, in addition to marginalization, exclusion, unemployment and quotas in everything.
The reasons for the resumption of demonstrations again in Baghdad and the provinces is due to the delay of the government announcing the results of the investigations into the killing of demonstrators and activists, a major reason for the return of the demonstrations again to the Iraqi scene in Baghdad because the demonstrators did not obtain any results about the investigations and who was behind the bloodshed, which caused suspicion and suspicion.
We believe that the popular revolution of anger will not be confined to Baghdad and will include other governorates if there are no deaf ears to the legitimate demands, and that the demonstrators have the right to know the results of the investigations and the fate of those who kidnapped and killed, so where are the results of the investigations into the killing of protesters and activists and who is behind them?
There are real fears of assassinations targeting more candidates with the upcoming elections approaching, and this cuts the way to holding fair elections, which are among the most important demands of the demonstrators now.
We call on the demonstrators to adhere to peaceful demonstrations and express their constitutional right with complete freedom, which reflects their culture, commitment and patriotism. The joint Iraqi security forces must also be keen to protect the peaceful demonstrations and the security of the demonstrators and provide them with full support until the legitimate demands for which they demonstrated are fulfilled. http://burathanews.com/arabic/articles/393153
Recovering Stolen Funds And Proceeds Of Corruption C1
Saeed Yassin Musa107 2021-05-26 Saeed Yassin Moussa ||About a year and a half ago, I placed the file of recovering the stolen money and the proceeds of corruption crimes on international and national tables, especially after the so-called Arab Spring, and based on the United Nations Convention against Corruption, and specialized conferences were held with the establishment of the Arab Forum to recover the stolen money from the people, and I was honored to be present in one of the These gatherings and acquaintance with a number of international bodies, Swiss banking, the Scottish Yard and the World Bank at the invitation of the eight countries, the United Nations Development Program and the World Bank, as well as getting acquainted with a number of experiences of the Arab Spring countries such as Egypt and Tunisia in addition to Lebanon, and this money is stolen by influential politicians who lead and manage countries,
What concerns me here is my country, Iraq, and there are many questions in this regard, and we are supposed to analyze the political environment, the supervisory institutional environment, the legislative environment, as well as the judiciary and the role of official institutions such as the Ministry of Foreign Affairs and International Cooperation.I do not miss the environment of the central bank, banks, money movement, border crossings, etc. And career.
By a simple comparison between the amount of money allocated in the state's government budgets with the size and type of services provided to citizens, we see the extent of the backwardness of these services, in terms of quantity and quality, with the amounts allocated to the service, security and defense sectors, and the transformation of institutions into an environment in which the disguised unemployment rises in terms of production (17 minutes the value of production) The day for public sector employees), where did the money go,
if it escaped abroad, what are the mechanisms that were used to smuggle it, and if it was also used inside, what are the methods and methods used to steal it, how are its revenues dealt with, i.e. the proceeds of the money stolen abroad and inside, that this file Too large and not one person or one institution to address to save public money.
Preventing the plunder of money has two axes to contain it and then prevent it and eliminate it, even if relatively, firstly, prevention, secondly, deterrence and punishment, and all two axes have their details and parts.
What concerns me is the preventive aspect of crime prevention, the crime of looting and smuggling money externally and internally, and I claim that the preventive axis is the most important and most dangerous of the two, and in this article I will talk about the institutional environment and opportunities that can contain the crime of money smuggling, and then the challenges that we face as a state, society and individuals.
The bodies that specialize in pursuing smuggled money as monitoring institutions are the Integrity Commission and this institution has the mandate to combat corruption in the country and it has a department for the recovery of stolen money, a department for prevention, and its mandate to pursue corruption crimes after the fall of dictatorship and the establishment of the democratic system,
and this monitoring institution officially represents Iraq in Implementation of the United Nations Convention against Corruption and the development of public policies to prevent corruption, investigation, auditing, investigation, referral to the judiciary and the integration of society in promoting integrity and combating corruption,
while drawing a roadmap to combat corruption and implementing Iraq’s obligations in accordance with the mentioned agreement, and the second institution is the Accountability and Justice Department, Department of Financial and Economic Prosecutions, The Ministry of Finance, Iraq’s Money Recovery Fund, and the supporting bodies for these institutions are, the Central Bank, the Money Laundering Office, the Ministry of Foreign Affairs for the conclusion of bilateral agreements,
And before all that, the House of Representatives in its specialized committees, integrity, legal, financial, and economic, and the judiciary to issue judgments in the freezing, seizure and confiscation of corruption money and its proceeds, incriminating the accused and issuing prosecution judgments, and before all that the House of Representatives with its specialized committees in legal, integrity, financial and economic, in order to legislate the necessary laws and bridge the legal gap with legislation And the amendment and the tasks of oversight, accountability, accountability and follow-up, and from the important security authorities, the Ministry of Interior, the Interpol Department, the National Intelligence Service, the National Security Adviser, the Economic Department,
and I do not miss civil society institutions such as non-governmental organizations and human rights unions and the utmost importance of media institutions as institutions and individuals specializing in investigative journalism to guard institutions Of spoilers and to create a public opinion guided by information, pressuring and advocating for the file of combating corruption and recovering the stolen money,
All of these institutions are opportunities to contain corruption, encircle it and eliminate it and the spoilers, and one of the most important opportunities is the new government's adoption of the anti-corruption file and the prosecution of the corrupt, whatever they are and wherever they are, and this is what we count on. The use of recovered money and its negative political, economic, social and even security implications. http://burathanews.com/arabic/economic/393143
Calls To Accelerate The Implementation Of Al-Kazemi's Directives To Promote Investment
Wednesday 26th May 2021 106 Baghdad: Farah Al-Khafaf At a time when the Investment Authority is seeking to create appropriate climates to advance the current status of work, calls have increased to accelerate the implementation of Prime Minister Mustafa Al-Kazemi's directives regarding canceling investment project licenses that are stalled or of very low achievement. Amid this picture, the consultant in industrial development and investment, Amer Al-Jawahiri, said that the projects that are lagging behind are major beneficiaries. Al-Jawahiri said: {The prime minister's directives regarding the stalled investment projects did not come in vain, but rather as a result of what the National Investment Commission had studied, and it was in the face of major beneficiaries of those lagging projects.
Project licenses
Prime Minister Mustafa Al-Kazemi had directed the cancellation of licenses for investment projects whose completion rate ranged between (0-35%) and the time period available for their implementation had expired, as the number of projects to which this applies is 1,128 projects, with full commitment to implementing the provisions of Article 28 of the Investment Law from During the issuance of warnings for unfinished projects.
Al-Jawahiri stressed the need to {search for the threads and intertwined roots in the lagging projects, and not just stop them, so it may require changes. Conducted by the Iraqi Media Network ».
Residential projects
He added that {what is required is to implement projects for the benefit of the country and for the benefit of citizens, despite the fact that most of these (lagging) projects took lands to establish housing projects and others}, pointing to {the importance of implementing procedures and directives that prove the rule of law and prove that the government represented by the Investment Authority and the concerned ministries is working on Take the necessary steps to improve the investment environment ».
Al-Jawahiri indicated that {monitoring corruption operations shows the existence of an executive body capable of this matter}, calling for {the prime minister's decisions to be covered by legislation. "
Financial revenue
To that, the economic expert, Nazem Al-Aqili, stressed that {the current stage requires that the country's efforts be directed to creating an ideal investment environment that advances the economy and addresses its problems and achieves financial revenues for the general federal budget}, pointing out that {international companies from different regions of the world have their sights set on Iraq, realizing The opportunity to work in our country is renewed, and this matter is unique to the countries of the world.
And they confirmed that {The investment portal represents urgent solutions to all the problems that the country suffers, as the country's economic performance has witnessed a clear decline in all its sectors, production and service.
Promote investment
He warned that {the local and international effort possesses capabilities capable of changing the reality of the economy in a short period of time, as it has capabilities that shorten time and effort, and this is in harmony with Iraq's need in the sectors of industry, agriculture and tourism, and these sectors are able to transfer the national economy to a new stage, and here it is necessary.
An administration devotes all efforts to promoting investment and making Iraq a destination for all investments. In a recent statement, the Economic and Investment Committee affirmed its support for the government's directive to withdraw the lagging investment licenses, calling on the National Investment Authority to study the files of lagging investment licenses, and to follow the legal contexts against violators in accordance with the applicable investment law. Committee Chairman Ahmed Al-Kanani said: LINK
Activating The National Strategy And Developing The Private Sector Support Development
Wednesday 26th May 2021 50 Baghdad: Haider al-Rubaie The demand for investment support and the creation of an ideal environment attractive to the effort wishing to enter the Iraqi labor market continues amid the assurances of all parties to support efforts aimed at developing the national economy.
President of the Businessmen Union Ragheb Ridha Blaybel stated that {the Iraqi economy possesses the capabilities to achieve success, and what is required is to move to a new stage of work, and to move work in the productive and service sectors to reduce the aggravation of the economic problems that Iraq suffers, which can only be overcome through the gateway to creating a promising job market that is achieved Benefit for Iraq}.
He stressed {the need for the state to enter certain percentages in major projects that achieve economic feasibility, and for the project to be reserved for the financing bank. Here, resources are provided to the general budget and the investor in the long term, and investments are employed to be financial support for the budget in the long run}. A member of the Iraqi Economists Association stressed d.
"The private sector has had significant developmental implications, and has contributed fruitfully in various aspects, especially the industrial ones, indicating that the Iraqi product occupied an important area in the map of locally and internationally manufactured materials," Abdel Aziz said during her speech to {Al-Sabah}.
Disrupting the private sector
The economic expert indicated that the private sector was subjected to "disruption" in its presence on the scene, at a time when the country was in dire need of its efforts on the economic and investment arenas, explaining that the sector took its scope in development processes through a national strategy developed for this purpose, but it did not Its scope has been achieved, especially since this strategy included multiple, comprehensive and broad goals, and was developed according to specific time bases, but the failure to fully implement its foundations led to the delay in reviving the private sector and its advancement in previous periods. Allocation of loans and land
Abdul Aziz explained that the absence of the support that the private sector needs, especially financing, loans, allocating lands and facilities that can serve the directions of that sector and simplify routine procedures, all factors that have contributed to keeping the private sector without achieving large booms through which it can support the national economy and support sustainable development at Iraq. LINK
Issue (4631) Was Issued From The Iraqi Newspaper Al-Waqi’a Issued On 24/5/2021
2021-05-26 01:29:00
1- Republican Decree No. (21) for the year 2021 appointing Mr. Dia Majed Jusoor as a judge in the fourth class of judges.
2- Instructions for the formations and tasks of the Prime Minister’s Office No. 1 for the year 2021
Those wishing to acquire the Iraqi factsheet can refer to the Iraqi investigation department, located in Salhiya / Haifa Street (Ministry of Justice building), and obtain the required number. https://www.moj.gov.iq/view.5638/
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