Thursday Evening Iraq Economic News Highlights 9-22-22

Thursday Evening Iraq Economic News Highlights 9-22-22

Parliamentary Finance: No Budget Preparation Without Forming A Government With Full Powers

Today, Thursday, the Parliamentary Finance Committee confirmed that the budget cannot be implemented or prepared unless a new government with full powers is formed.

A member of the Finance Committee, Jamal Cougar, said in a press statement, “The budget cannot be worked out or prepared unless a new government with full powers is formed. Therefore, whenever the new government is formed, there will be a budget.”

Cougar added, "The follow-up of the Finance Committee to the exchange mechanisms within the Food Security Law is very weak, because the House of Representatives was almost disabled during the previous period." He continued, "If there are no organized and arranged sessions, there will be no serious and real follow-up." LINK

Al-Kazemi and his Kuwaiti counterpart discuss ways to develop bilateral relations and stress on increasing investment

oday, Wednesday, Prime Minister Mustafa Al-Kazemi met the Prime Minister of the State of Kuwait, Sheikh Ahmed Nawaf Al-Ahmad Al-Sabah, on the sidelines of his participation in the work of the United Nations General Assembly in New York.

During the meeting, according to a statement by Al-Kazemi's office, they "discussed bilateral relations between the two brotherly countries, ways of developing them, and discussing regional issues, and files of common interest."

The meeting stressed the "importance of consolidating joint cooperation at various levels and levels between Iraq and Kuwait, increasing economic cooperation and investment, and activating the Iraqi-Kuwaiti Joint Ministerial Committee, in a manner that enhances the interests of the peoples of the two brotherly countries in prosperity and development."   LINK

Iraq Invites Emirati Companies To Contribute To The Reconstruction Of Its Cities

Published: 22.09.2022 | 10:40 GMT |  Last update: 22.09.2022 | 10:58 GMT |Arab world news

Today, Thursday, Iraqi Foreign Minister Fouad Hussein called on Emirati companies to contribute to the reconstruction of Iraqi cities.

A statement by the Iraqi Ministry of Foreign Affairs stated that "Hussein met his Emirati counterpart Abdullah bin Zayed, in the context of the meetings of the 77th session of the United Nations General Assembly in New York, and during the meeting they reviewed the progress of bilateral relations between Baghdad and Abu Dhabi, and the prospects for raising them to a level that meets the aspirations of the two brotherly peoples." .

He added that "the two sides also discussed the overall developments in the Arab and international region."

The statement quoted the Iraqi minister as saying that "his country is keen to strengthen joint cooperation with the UAE in various fields," calling on "Emirati companies to contribute to the reconstruction of Iraqi cities."

The statement quoted the Emirati minister as affirming his "support for the security and stability of Iraq, seeking to increase the volume of cooperation with it, contributing to reconstruction and construction, and increasing investment in it."    Source: RT    LINK

Without A Budget And Food Security” .. Revealing The Most Prominent Economic Scenarios For The Next

Article at link:   https://baghdadtoday.news/ar/news/200999/A

A Dispute Between The Housing Fund And The Iraq Gate Deprives Citizens Of Buying Apartments

Cancellation of the validity of the issuance method next Sunday in the real estate registration

Baghdad - Qusay Munzer   Citizens appealed to Prime Minister Mustafa Al-Kazemi to intervene to end the housing fund's freezing of transactions to obtain a loan to purchase apartments in the Iraq Gate complex, as a result of a dispute between the complex's management and the National Investment Authority.

And they confirmed in conversations with (Al-Zaman) yesterday that they (submitted their transactions to the fund immediately after signing the purchase contract, and paid the necessary installments, but they were surprised that the fund did not accept the promotion of loan transactions to pay the last payment to the complex’s management for reasons and disputes with the Investment Authority).

The Director General of the Fund had promised to settle this dispute, which caused the deprivation of citizens of their rights, but the situation remained the same two years ago. Meanwhile, the Fund, which is affiliated with the Ministry of Construction, Housing and Public Municipalities, decided to cancel the validity of the transaction.

In addition, Rafidain Bank launched a new batch of pensioners' advances, starting from five million to 25 million dinars. A statement by the bank, received by (Al-Zaman) yesterday, said that (a new batch of retired advances was launched, which starts from 5 million dinars to 25 million dinars, after completing the grant procedures in accordance with the controls and instructions), and indicated that (submission to the advances is through the bank’s branches located in Baghdad and the provinces), and the statement explained that (the branches are still continuing to receive requests for promotional transactions for advances to employees, contracts, members of the security forces and retirees). In turn, the Central Bank disclosed the size of its initiative to support the sectors of agriculture, industry, renewable energy and housing.

He said in a statement received by (Al-Zaman) yesterday that (the Central Bank is working to organize the relationship with the departments concerned with receiving financial fees from the auditors through electronic payment cards and through points of sale or OS) in the markets, malls and sales centers in the private sector, stressing (the project owner's desire to contract with A specific bank and working with point-of-sale devices instead of cash), noting that (it has raised the volume of its initiatives in all industrial, agricultural, renewable energy and housing sectors from 6 trillion dinars in 2015 to 18 trillion dinars in 2021).

The bank also decided earlier, setting the ceiling of the sukuk at one hundred thousand dollars in foreign currency and 250 million dinars in the local currency.    LINK

UAE: We Will Contribute To The Reconstruction Of Iraq

The Minister of Foreign Affairs of the United Arab Emirates, Abdullah bin Zayed, affirmed today, Thursday, that it has always sought to increase the volume of cooperation with Iraq and contribute to the reconstruction.

A statement by the Iraqi Ministry of Foreign Affairs stated in a statement received by the fourth that "Foreign Minister Fouad Hussein met with the Minister of Foreign Affairs of the United Arab Emirates Abdullah bin Zayed, in the context of the meetings of the 77th session of the United Nations General Assembly in New York."

He added that "the meeting reviewed the progress of bilateral relations between Baghdad and Abu Dhabi, and the prospects for raising them to a level that meets the aspirations of the two brotherly peoples, as well as discussing the overall developments in the Arab and international region."

Hussein stressed, according to the statement, "Iraq's keenness to enhance joint cooperation with the UAE in various fields, calling on Emirati companies to contribute to the reconstruction of Iraqi cities."

For his part, Abdullah bin Zayed stated, “We reaffirm our support for the security and stability of Iraq, adding, “We always seek to increase the volume of cooperation with Iraq, and we will contribute to reconstruction, construction, and increased investment in Iraq.”   LINK

The Iraqi Stock Exchange Ends The Week's Trading On A Decline And Trades 31 Billion Shares

Market   Economy News-Baghdad   The Iraqi Stock Exchange ended this week's trading lower, with 31 billion shares traded.

The number of shares traded this week reached more than (31) billion shares, with a value of more than (8) billion dinars.

The trading index closed in the market for the first session of the week at (595.25) points, while the index closed at the end of the week at (594.20) points, achieving a decrease of (0.18%) from its closing in the first session.

During the week, more than (2200) buying and selling contracts were executed on the shares of companies listed in the market.  20 . views   Added 09/22/22 - 1:54 PM   Update 09/22/22 2022 - 2:47 PM

https://economy-news.net/content.php?id=29844

Parliamentary Finance Discusses The File Of Employee Salaries And Contracts 315

Policy   2022-09-22 | 06:44   765 views   Alsumaria News – Politics The Parliamentary Finance Committee discussed, today, Thursday, the financial benefits and the possibility of financing the salaries of employees, while the committee decided to host the head of the Sunni Endowment Office as an agency.

The Media Department of the House of Representatives stated in a statement received by Alsumaria news, that "the Finance Committee received on Thursday 22/9/2022, headed by the Deputy Mahasin Hamdoun The head of the age and the presence of a number of its members at the committee’s headquarters, a delegation from the Sunni Endowment Office that included the Director General of Administration and Finance, the Director General of the Budget, and the Director of the Guards Department.

She added, "The committee discussed with the delegation the problems facing the bureau in terms of financial benefits and the possibility of financing salaries in accordance with the Financial Management Law 1/12, in addition to discussing financing the salaries of contract owners and wages to pay their dues in accordance with Resolution 315."

The statement indicated that "the committee listened to a detailed explanation about the disbursement of the endowment budget for the year 2021 and the procedures followed by the bureau, as well as the problems facing the departments affiliated with the endowment and the possibility of completing some buildings in order to find appropriate solutions for those departments."    LINK