Iraqi News Saturday PM 6-25-22

TLM724 Administrator BondLady’s Corner

Al-Hakim: We Will Not Participate In The New Iraqi Government

Political | 05:19 - 06/25/2022   Baghdad - Mawazine News  The head of the Wisdom Movement, Ammar al-Hakim, confirmed that he would not participate in the new Iraqi government.

Al-Hakim said in a statement received by Mawazine News, a copy of it, that "in our meeting with the organizational leaders of the National Wisdom Movement in Baghdad, we praised the role that Baghdad organizations play in maintaining communication with the public and providing service in the best conditions and capabilities."

He added: "We called to be proud of the honorable history of the symbols of the National Wisdom Movement, and we held everyone responsible for the victory for the blood of the martyrs and the sacrifices that were made. services and bridging the relationship between the public on the one hand and the political system and the political process on the other.”

He continued, "We also called for the field presence and to clarify the nature of the national wisdom project and the confusion with the people and the public," noting that "the balance of political wisdom is measured by the extent of the interaction of the leaders of wisdom with the public."

https://www.mawazin.net/Details.aspx?jimare=197592

A Former Financial Official: Changing The Dollar Exchange Rate Portends Major Losses

Economie| 01:31 - 06/25/2022   Special - Mawazine News, the former Director of the Financial Supervision Bureau, Salah Nouri, confirmed today, Saturday, that changing the dollar exchange rate will shock the market and cause great losses.

In an exclusive interview with Mawazine News, Nouri said, "Any manipulation of the exchange rate and changing it will cause a great shock in the market, which will affect the wheel of the economy, because returning it to its previous price will cause great losses."

He added, "We have often stressed the need for any exchange rate transactions to be gradual so that a major shock does not occur in the market and affect the economy." Ended 29/M99

https://www.mawazin.net/Details.aspx?jimare=197568

A Detailed Speech From Al-Kazemi's Advisor Regarding The Proposal For Digital Regulation Of The Labor Market

Economie| 11:35 - 06/25/2022   Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, detailed, on Saturday, the proposal for digital regulation of the official labor market, its implementation mechanisms and benefits, while stressing that it includes the inclusion of beneficiaries in retirement.

Saleh said in an interview with the official news agency, Mawazine News, that "one of the common tasks between the ministries of planning, labor and social affairs is to run the proposal for digital regulation of the official labor market, starting from the highest human energies and down to the least acceptable skills, according to the skills classification tables."

He added, "The work of the market in providing job opportunities or offering work, is organized through employment offices linked to a central digital system that gives a number to everyone who registers in the labor market and is called (the work number) that the worker carries permanently wherever he works geographically in all governorates of the country."

He pointed out that "the official labor market is described digitally, as employment takes place through the opportunities offered by the employment offices of the Ministry of Labor and Social Affairs in order to meet the needs of the national market demand for work."

He explained, "The state undertakes to include those registered in the digital labor market by including them in a national pension fund, and their contributions are paid for the first five years from the date of their employment or their entry into the labor market, especially those who are young and actually unemployed through the support clause in the general budget."

He continued: "The employment or work opportunities are equal and meet the needs of all demand, whether in state facilities or the private sector, without discrimination in wage rights, all of which are regulated according to accurate legal contracts that specify duties, rights and various contractual obligations in this regard."

He continued: "The private sector also grants the operator to work through employment offices encouraging tax allowances during the first ten years of the start of the official digital labor market whenever his employment rates increase," noting that "the proposal bears real importance in structuring the national economy, especially the organized labor market." And it involves the state financially, legally, and economically with the private sector in organizing and supporting the official or organized labor market and its institutional support and development.

He concluded: "The proposal provides, at the same time, an important statistic for workers, their growth and skills by registering them in the centrally fixed digital electronic system, as they are the national wealth that should be given the first priority in organizing economic life and drawing the generational map of Iraq in the path of prosperity, well-being and progress." https://www.mawazin.net/Details.aspx?jimare=197556

Find Out The Dollar Exchange Rates For Today

Economie| 10:09 - 25/06/2022   Baghdad - Mawazine News   The dollar exchange rates witnessed stability, today, Saturday, in local markets throughout the country,

and the selling prices of the dollar recorded, 148.750 dinars per 100 dollars, while the purchase prices of the dollar recorded 147.750 dinars per 100 dollars.   https://www.mawazin.net/Details.aspx?jimare=197547

Oil Prices Rise 3% In The Last Sessions Of The Week, And Brent Is Above $113

Energy   Economy News-Baghdad   Oil rose more than 3% by the end of trading Friday, supported by a lack of supply, amid weekly stability in Brent prices, and a limited decrease in Nymex prices by 0.3% on a weekly basis, with continued fears that higher interest rates may push the global economy into recession.

Brent crude futures rose $3.07, or 2.8%, to $113.12 a barrel, while US West Texas Intermediate crude futures rose $3.35, or 3.2%, to $107.62 a barrel.

On Thursday, Federal Reserve Chairman Jerome Powell said the US central bank's commitment to curb inflation was "unconditional", raising concerns about additional interest rate hikes that would cast a shadow over financial markets, Reuters reported.

Oil this year approached an all-time high of $147, which it reached in 2008, with the Russian invasion of Ukraine exacerbating supply shortages at a time when demand is recovering from the effects of the "Covid-19" pandemic.

Crude prices rose due to the almost complete shutdown of production in Libya, a member of the Organization of the Petroleum Exporting Countries, due to the unrest. The Libyan Oil Minister said that the head of the National Oil Corporation withheld production data from him, which raises doubts about the numbers he issued last week.

OPEC members and its allies meet in the framework of the so-called OPEC + group on June 30, and are expected to agree to stick to an earlier plan to accelerate the pace of small increases in oil production in July and August, rather than pumping more oil.   185 . views   Added 06/25/2022 - 10:15 AM  Update 06/25/2022 - 6:29 PM https://economy-news.net/content.php?id=28630

Alia Nassif: The Financing Of The Al-Faw Port Project Through The Korean Bank Confirms The Existence Of Suspicions Of Corruption

Saturday 25 June 2022 12:16 | EconomicNumber of readings: 195   Baghdad / NINA / - Representative Alia Nassif revealed a report issued by the Ministry of Planning (Government Investment Programs Department) sent to the Ministry of Transport according to the ministry's letter (2/9/6878) on 9/3/2022, confirming the existence of suspicions of corruption regarding the Faw port project. .

The report stated: "A governmental delegation from the Ministry of Planning conducted a field visit to the Al-Faw Grand Port - Infrastructure project in order to address the project's financial obstacles and the delay in opening the documentary credit." The report also included:

"The two contracts No. (7 and Cool have not been initiated so far due to the lack of financial allocations. These are the contracts signed by the Minister of Transport (Nasser Hassan Bandar) in violation of the law. This file has been completely referred to the Integrity and Public Prosecution Commission for the purpose of Take legal action against the defaulters.

Nassif expressed her surprise at "financing the project through the Korean Import and Export Bank, according to the content of the report, in contradiction to what the Minister of Transport said that the project will be implemented without any loans, which confirms the existence of suspicions of corruption on the subject in order to contract with the Korean company, which will delay the completion of the project." Due to the lack of sufficient financial allocations to complete it, despite the existence of an offer from another company that pledged to complete the project and finance it in full, this offer was rejected by the Minister of Transport.

Nassif renewed her call to the judicial and supervisory authorities to take legal measures against violators and defaulters in this matter./End 8    https://ninanews.com/Website/News/Details?Key=984276

Parliamentary Economy Proposes Establishing Oil Refineries To Absorb Unemployment

Posted On2022-06-25 By Sotaliraq   Baghdad: Rola is confident   The Parliamentary Committee on Economy, Industry and Trade suggested establishing oil refineries to accommodate thousands of unemployed youth and graduates, and noted that there is no alternative to investment projects to absorb the unemployment crisis.

On the other hand, the Ministry of Planning will launch during the next month a statistical survey that monitors the rates of employment and unemployment and knows the size of the workforce and the unemployed, and it is likely that the recorded rates are higher than the previous ones.

A member of the Parliamentary Committee on Economy, Industry and Trade, Kazem Al-Fayyad, said: There is a difficulty in appointing all graduates, especially after the spread of private and evening colleges, which led to the doubling of their numbers.

He explained that the best solution to get rid of unemployment that has spread among young people is investment projects.

He referred to addressing the Prime Ministry to find out the details of the initiative launched by the Prime Minister under the slogan (Made in Iraq), as work is taking place in only two laboratories out of 100, and accordingly the committee is following up on the matter to find out the causes and solutions to address unemployment in a manner gradual.

Al-Fayyadh pointed out that the committee proposed the establishment of oil refineries in the governorates, which are rich in large quantities of crude, that would employ many unemployed, as well as enhance locally manufactured materials, including fuel, which we suffer from recurring crises because of it at the time. the present.

And he indicated that all governorates, especially the southern ones, include many investment opportunities that provide work for the unemployed and contribute to reducing poverty rates, and are not limited to oil projects only, as Dhi Qar governorate alone includes two thousand investment opportunities. Ur is one of the tourist cities that if foreign companies contracted To invest in it by building hotels, stadiums, etc., as well as the religious symbolism that it acquired after the Pope’s visit to the Vatican to become a province different from its status Present.

For his part, Head of the Central Statistics Agency in the Ministry of Planning, Diaa Awad Kazem, said that the next month will witness the launch of a statistical survey to monitor and know the size of the labor force and the unemployed, and to identify indicators of unemployment that are increasing among young people. and graduates.

He added that the agency does not yet have accurate figures for these percentages, so the current survey will show rates that are closer to reality, and it is expected that they will vary from one governorate to another according to the educational level.

Kazem suggested that unemployment rates would rise compared to the last survey carried out by the agency in this regard in 2008, stressing at the same time that the country's general conditions are not appropriate to open up to global experiences in combating unemployment.   LINK

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