Iraqi News Saturday AM 2-12-22
Iraqi News Saturday AM 2-12-22
TLM724 Administrator BondLady’s Corner
Al-Hilali: Parliamentary Movement To Return The Exchange Rate To Its Previous Era
Political | 11:48 - 12/02/2022 Baghdad - Mawazine News, Member of Parliament, Ibtisam Al-Hilali, demanded, on Saturday, the government to return the dollar exchange rate to its old price, while stressing that the only victim is the poor citizen.
Al-Hilali said in a statement that Mawazine News received a copy of it, that "there is a parliamentary movement soon towards returning the dollar exchange rate to its old price," adding that "other deputies within the same trend will not allow the exchange rate to remain high."
Al-Hilali indicated that she and many members of the House of Representatives "pay great attention to the segment of the poor who have been affected by the rise in the dollar exchange rate." Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=184382
Cabinet Secretariat: The 2022 Budget Will Be The Start Of An Urban Revolution
Economie| 09:47 - 12/02/2022 Baghdad - Mawazine News The General Secretariat of the Council of Ministers announced, on Saturday, that the 2022 budget will be the start of a comprehensive urban revolution through its orientation to re-work with thousands of lagging projects, and indicated that the Iraqi-Chinese agreement entered into force on the project to develop Nasiriyah International Airport, and then signed 15 contracts to build 1000 schools.
A spokesman for the General Secretariat of the Council of Ministers, Haider Majid, said in a statement that "the budget needs to be discussed in the Council of Ministers and needs several sessions, and then it is voted on in the Council and referred to the House of Representatives, and it needs a month or two to discuss it after the formation of the next government."
He added, "According to the vision and direction of the General Secretariat of the Prime Minister, and after it was assigned to draw up the ministerial program for the next government, what is distinguished in the next budget is the great trend to complete projects in the governorates, re-work with thousands of stalled and lagging projects 10 years ago, and prepare for new projects, and the year 2022 will be a new start. An urban revolution in all governorates.
And he indicated that "the Chinese-Iraqi agreement has entered into force, as well as other agreements signed with Saudi Arabia, Jordan and Egypt, and we have started signing the contract with the Chinese side for the project to develop Nasiriyah International Airport and then signing 15 contracts to establish 1,000 schools, and the vision and direction of the government and the executive management of the project in the General Secretariat is that Next year, the number of contracts will rise to 3,000 schools until we reach 7,000, and we need a lot of school buildings after the Ministry’s project number one stalled 10 years ago.” Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=184373
Iraq Officially Joins The Nationally Determined Shareholding Companies
Political | 03:55 - 12/02/2022 Baghdad - Mawazine News The Ministry of Environment announced, on Saturday, the ratification of Iraq's accession document to the Nationally Determined Shareholding Companies.
The ministry said in a statement received by Mawazine News, a copy of it, that "the global climate secretariat and the presidency of the Climate Change Conference officially ratify the document of Iraq's accession to the nationally determined contribution companies."
She added, "The document constitutes a government achievement that will allow Iraq broad prospects for cooperation and coordination with international support mechanisms to implement the concept of a sustainable green economy." Ended 29 / h https://www.mawazin.net/Details.aspx?jimare=184404
The Banking Sector Completely Owns The Iraqi Stock Market For The Past Year
Friday 11 , February 2022 12:03 | economic Number of readings: 349 Baghdad / NINA / - The banking sector accounted for all transactions in the Iraqi stock market, with a percentage of 96% of the total trading that took place in 2021.
The Director of the Iraq Future Corporation for Economic Studies, Manar Al-Obaidi, said in a statement: 4 banks occupied 67% of the total trading, which are:- The Bank of Kurdistan with a circulation rate of 34% of the total trading, the Middle East Bank of Iraq with a circulation rate of 17%, the Islamic World Bank with a circulation rate of 9%, and the Bank of Baghdad with a circulation rate of 7%.
He added: The total number of traded shares reached 930 billion, representing 7% of the number of listed shares, which amounted to 13.7 trillion shares.
As for the level of trading value, the total value of trading in the market amounted to 813 billion dinars, and the percentage of traded sectors was as follows: The banking sector, the percentage of the value of shares traded was 60%, the telecommunications sector, the percentage of the value of shares traded was 17%, the industry sector, the percentage of the value of shares traded was 15%.
Al-Obaidi added that only five companies out of 105 listed companies accounted for 68% of the trading value, namely: Kurdistan Bank by 41%, World Islamic Bank by 10.25%, Baghdad Soft Drinks Company by 6.5%, Bank of Baghdad by 5.73%, Al-Ahly Bank by 4.68%.
He considered the stock market: one of the pillars of economic development for its ability to attract local and foreign capital, and it can play an important role in investing the funds that are hoarded and located outside the banking system.
Al-Obaidi explained: The idea of the Iraqi market for securities can be matured through the adoption of modern electronic systems that speed up the trading process, stressing that the market governance by decisions that make the listed companies truly tradable will contribute to pumping a lot of capital into the market to increase the financial sector’s contribution to the local product and thus create Important job opportunities that help reduce unemployment rates./End 3 https://ninanews.com/Website/News/Details?key=955990
Iraq Asks Its Citizens To Leave Ukraine And Not To Travel To It
political| 02:29 - 12/02/2022 Baghdad - Mawazine News, today, Saturday, the Ministry of Foreign Affairs called on Iraqis to leave Ukraine in light of the tensions between Russia and the West.
The ministry said in a statement, received by Mawazine News, that "out of the Ministry of Foreign Affairs' concern for the security and safety of the Iraqi community in Ukraine and as a result of the exceptional circumstances there, the ministry urges the honorable community to leave Ukrainian lands and for citizens not to travel there for the sake of safety."
The ministry directed the employees of the Iraqi embassy in Kiev to "enjoy the annual leave in a way that ensures the safety of the mission's personnel." https://www.mawazin.net/Details.aspx?jimare=184394
To read more current and reliable Iraqi news please visit BondLady’s Corner: