Zig’s Place News Late Saturday PM 6-5-21
Zig’s Place News Late Saturday PM 6-5-21
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butterfly Deputy Governor of Basra: The delay in disbursing the province's dues from the 2021 budget negatively affected 80% of infrastructure projects
Saturday 05 June 2021 19:53.........The Administrative Deputy Governor of Basra, Durgham Al- Ajwady , confirmed that the governorate was not funded with any financial sums related to the federal budget for this year, with the exception of routine operational allocations at a rate of 12/1.
Al-Ajoudi said in a statement carried by the media center: This procedure, which he described as "unfortunate", caused clear confusion, given that the budget was approved months ago, and the governorate and other governorates were not funded with their financial dues.
He added, that this delay caused the suspension of many projects in the governorate due to the lack of cash, and the payment of the dues of the implementing agencies, as the last financial payments were delivered to the companies last year, which negatively affected the implementation this year by about six months, as well as reflected on the access of services to citizens. .
Al-Ajwadi noted that 80% of the projects have been suspended at the present time, and they include many sectors, the most important of which are education, water, sanitation and health projects.
butterfly The G-7 countries reach an agreement to impose taxes on multinational companies
Saturday 05 June 2021 20:05.........The Group of Seven major industrialized countries reached a "historic" agreement regarding the imposition of taxes on multinational companies.
The finance ministers meeting in London agreed to fight tax evasion, through measures to make companies pay in the countries in which they do business.”
They also agreed in principle to a global minimum corporate tax rate of 15 percent, to avoid countries reducing tax to compete with each other to attract companies.
British Chancellor of the Exchequer, Rishi Sunak, said that the agreement aims to create a level playing field for global companies.
He added: "After years of discussions, the G7 finance ministers reached a historic agreement to reform the global tax system, to make it fit for the global digital age."
The agreement will be discussed later in detail at a meeting of G-20 finance ministers and central bank governors, in July in Venice, Italy. The G20 is made up of 19 countries plus the European Union.
Paolo Gentiloni, the European Union Commissioner for the Economy, called Saturday's agreement a "big step towards an unprecedented global agreement on tax reform", and promised that the EU would "actively contribute to this" in Venice.
butterfly Economist: Al-Kazemi is the most dangerous figure on Iraq’s money, and his survival is expensive
16:43 – 05/06/2021 Economist - Al-Kazemi is the most dangerous figure on Iraqs money and his survival is expensiveinformation / special
The economic expert, Ali Al-Afandi, stressed, on Saturday, the danger of the Al-Kazemi government’s continuation to Iraq, specifically the fate of its financial security.
Al-Afandi said, in a statement to the “Information” agency, that “the government’s insistence on the return of terrorist families to Nineveh Governorate has raised fears among investment and donor companies to rebuild the province, and there is information about the international grant due to the Al-Kazemi government’s decision regarding terrorist families.”
He added, “We did not get out of the dinar and dollar crisis, and we said Iraq has begun.” recover until Al-Kazemi comes and proves that he is the largest political figure who threatens the economic security of the country and the citizen.”
He noted that “the government that insists on destroying what has been achieved after the end of terrorism and its danger, to return again to its return, causing the withdrawal of many companies and stopping the international grants allocated to Nineveh Governorate for its reconstruction, cannot be trusted, and certainly it is complicit with the outside.” End / 25 r. almaalomah.org
butterfly Al-Rafidain: Cancellation of the identification witness for citizens wishing to open accounts to deposit their money
06/05/2021 10:13:34 Al-Rafidain - Cancellation of the identification witness for citizens wishing to open accounts to deposit their moneyRafidain Bank decided, on Saturday, to cancel the identification witness for citizens wishing to open accounts to deposit their money in the bank.
The media office of the bank stated in a statement that {Al-Furat News} received a copy of it, that “Al-Rafidain issued new instructions to facilitate procedures for citizens wishing to open saving and current accounts to deposit their money in the bank,” noting that “the bank canceled the requirement to witness the identification of customers who wish to open current accounts, with the aim of Attracting the largest number of customers while adhering to the principle of “know your customer” and taking due diligence measures.
He added, “The bank reiterated its commitment to submit one supporting document when opening savings and current accounts,” noting that “the unified card dispenses with the rest of the documents, and there is no need to wait for the validity of its issuance while the civil status identity, passport, housing card, or housing endorsement is adopted for those who They were not issued a unified card.” alforatnews.com
Butterfly Dollar exchange rates rise today
06/05/2021 10:24:50 Dollar exchange rates rise todayThe dollar exchange rates rose, on Saturday, in the main stock exchange in Baghdad, with the closure of the stock exchange in the Kurdistan Region.
Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded 149,450 Iraqi dinars, compared to 100 US dollars.
While the Central Kifah Stock Exchange recorded during its opening last Thursday morning 149150 Iraqi dinars.
And that buying and selling prices rose in the local market in Baghdad, where the selling price amounted to 150,000 Iraqi dinars, while the purchase prices amounted to 149,000 dinars per 100 US dollars. lforatnews.com
butterfly Parliamentary Economy: The street will explode in the face of the government if the dollar continues to rise
Saturday 5 June 2021 | 09:23 AM Parliamentary Economy - The street will explode in the face of the government if the dollar continues to riseThe Parliamentary Committee on Economy and Investment warned of the explosion of the street in the face of the government of Prime Minister Mustafa Al-Kazemi in the event that the dollar price continues to rise, noting that the Iraqi market has been witnessing great confusion for days due to the instability of the dollar exchange rate .
Committee member Salem Al-Tufaili said, “The main reason for the continued rise in the dollar exchange rate is the lack of real government control over the Iraqi market, as well as the work of private banks and exchanges, which manipulate prices according to their interest without any oversight or accountability .”
Al-Tufaili added that “the rise in the dollar exchange rate, as well as foodstuffs and other materials, is behind some greedy traders, bank owners and money transfer companies, among the influential personalities, who have relations with some parties and political figures, who control the market as they wish according to government silence .”
He pointed out that “the Iraqi market has been witnessing great confusion for days due to the instability of the dollar exchange rate and the increase in the prices of materials again, and this matter requires the intervention of the competent government agencies, to control the situation, otherwise the Iraqi street will explode again in the face of the government and all the political class, Because of the difficult economic conditions he is going through.” aynaliraqnews.com
butterfly Disclosure of new details about the attack on sensitive US sites in Iraq
2021-06-05 Disclosure of new details about the attack on sensitive US sites in IraqThe New York Times confirmed that the United States is increasingly concerned about the escalation of attacks by small drones on its sites in Iraq.
The newspaper quoted US officials as saying that “armed groups opposed to Washington launched at least three attacks during the past two months with booby-trapped planes under the cover of the night on military bases used by the United States to carry out special operations.”
The newspaper, quoting three well-informed officials, stated that “the first attack targeted before midnight on the 13th of April 14 a hangar belonging to the Central Intelligence Agency (CIA) at Erbil airport.”
And the “Washington Post” newspaper previously reported that this attack, although there were no casualties, caused great concern to the White House and the Pentagon.
At the dawn of May 8, another drone targeted the Ain al-Assad base in Anbar province, which the United States uses to operate MQ-9 Reaper combat drones.
A spokesman for the international coalition, Wayne Maroto, confirmed that this attack did not result in casualties, but it damaged an aircraft hangar.
Three days later, a drone struck an airport in Harir district, north of Erbil, used by the US Joint Special Operations Command.
And the “New York Times” reported that this attack did not leave any casualties or damage, but it increased the concern of officials in the coalition.
Three US officials confirmed to the newspaper that parts of the wreckage of all those drones had been found, saying that initial analysis revealed that they were Iranian-made or based on technologies produced in Iran.
butterfly The officials explained that these drones exceed in size ordinary civilian drones, but they are less than the “Reaper”, noting that these new aircraft, according to military analysts, can transport between 10 and 60 pounds (4.5-27 kilograms) of explosives.
The newspaper pointed out that these drones fly at low altitudes, which prevents defense systems from detecting them. burathanews.com
Butterfly Putin looks forward to positive results from his meeting with Biden
Saturday 05 June 2021 21:35......Russian President Vladimir Putin expressed his hope for positive results for his planned meeting with his American counterpart Joe Biden.
In an interview with Russia's Channel One, Putin said: "President Biden is a very experienced person who has worked in politics all his life, expert, balanced and meticulous... I very much hope that our meeting will come out with positive results."
He added: I do not expect any breakthrough in Russian-American relations, and nothing can amaze us with the results of the meeting, but the fact that we will meet, talk about the possibility of reviving bilateral relations, and talk about common issues that concern us, and such issues by the way are many, and this in itself is not bad. .
He continued, "I am looking forward to a positive result. I hope that conditions will be created to take further steps to normalize Russian-American relations and resolve the issues facing our two countries." Not only our society, but the entire international community, and I mean the issues of strategic stability, the environmental agenda and regional conflicts that we all care about accomplishing.
Putin expressed the hope and fervently that this will also be a positive factor affecting the outcome of our meeting. The two presidents will hold their joint summit on the 16th of this month in Geneva, Switzerland.
butterfly Al-Sadr tweeting... Arms dealers and death want to keep Iraq in the squalor of violence
Saturday 05 June 2021 22:28......The leader of the Sadrist movement, Muqtada al-Sadr, confirmed that: Iraq is bleeding under the weight of corruption and violence.
butterfly Al-Sadr tweeting .. Random throwing .. Wrong and disgraceful expression of the energy of violence / Expanded
Saturday 05 June 2021 23:19..........The leader of the Sadrist movement, Muqtada al-Sadr, confirmed that the indiscriminate shooting is a wrong and shameful expression of the energy of violence.
And he said in a tweet that this phenomenon..is a phenomenon of popular, not governmental, corruption..except to say: If the government controlled the weapon, no one would be able to use it for the wrong resources, whether in random throwing on occasions of joy or sadness or clan bites or clan clashes or in Drop the prestige of the state or much else. In addition, even if the government was born from the womb of the people, the people remain influenced by it and its actions. When he sees some types of security forces using their weapons against their government or against the people, he will try to follow their example. Such people are trying to throw the ball into the government's court, and they will say that random throwing is government corruption.
Al-Sadr asked: Will the people respond to the government if it decides the following: First: A campaign to withdraw all kinds of weapons from everyone without sectarian or ethnic discrimination and restricting them to the hands of the state?
Second: Eliminate the security forces, including the Mujahid Popular Mobilization Forces, from the impudent or impudent elements, and make them under the command of the Commander-in-Chief of the Armed Forces, not under the command and leadership of here and there! Third: Punishing every member of the clan if he uses his weapon in clashes, rammings, thrusts, or the like?! .
butterfly Al-Sadr addressed everyone: Whether you know it or not, you sell your security and the security of your country, your homeland and your brothers to those dealers of death and weapons who want to keep Iraq in the thirst of violence so that their trade will receive unparalleled prosperity and profit, and they will live and die and the country will die, God forbid.
Know that your weapon. Your honor and honor if used in the right ways and for the right goals, otherwise it is only humiliation and humiliation by death.
The resistance was never higher and more precious than the homeland and the people, nor was the clan and its sheikh higher or more precious than the homeland and the people, and the political and even religious leaders were not higher or more precious than the homeland and the people.
He added: Did the martyr not sacrifice himself and his children only!? And for the sake of the people, especially since our homeland is (Iraq), the land of the sacred and the infallible, Islam, doctrine, culture, civilization, thought and peace. All these addresses melt and perish in front of the homeland or in front of Iraq, otherwise you are the reason for the annihilation of Iraq.
Al-Sadr stressed that: God’s religion and doctrine without Iraq will be weak, and therefore will be a reason for weakening those heavenly titles in terms of whether you know or do not know. Also, you should know that not every violence is faced with violence like it except violence intended to humiliate the homeland of the sacred: (Iraq). Do you not see those who tried to defend other than Iraq, for others lived in safety, and Iraq is still bleeding under the weight of corruption and violence, and Iraqi blood has become cheap with great regret.
butterfly He continued, for how long will Iraq remain a bridge to others or a gateway to others that we die and live on?!! Is it not time for Iraq and the Iraqis to live united under the banner of Iraq without foreign, sectarian or sectarian interference, especially since Iraq is the first in everything: it is the country of the prophets, the capital of Shi’ism, the Arab and Kurdish community, the tent of Sunnis and Shiites, the country of peaceful minorities, the country of civilization and integration, for it is the one who deserves to perish in it. And defend it not to be a bite in the hands of others.
He added, is it not enough that corruption is ravaging the country and its people.. so that the uncontrolled weapon is a shot of mercy that will destroy Iraq with its hands thrusting from here and there.. What do you not want for Iraq with dignity!!?? And you want your subtitles to be strong and stable.
Do you not know that your strength is from the strength of Iraq and its weakness is your weakness!!?..not the opposite.
He said for all that, it is necessary to put an end to the lawlessness and the spread of weapons among those who do not understand the meaning of weapons and are not proficient in using it, rather they are not aware of the sanctity of its use, as some have no piety in its use or religion, and they have turned Iraq into a forest in which monsters fight without mercy or compassion. Do you not see!?? .
He explained that after Iraq was an example of progress, civilization and faith, some made it a laughingstock because of corruption, violence, lawlessness and petty conflicts far from culture and scientific and practical progress..There is no medicine, industry, agriculture, reading, study, education, education or trade except theft, drugs, prohibited weapons and the like. That.. will you not be guided!!?
butterfly TV Campaign for Explosives Risk Education.....6th June 2021......Baghdad-based Qemat Alnajah General Trading Co. Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the provision of an explosive ordnance risk education (EORE) television campaign for UNMAS in Federal Iraq
The contract is valued at $39,800. (Source: UNGM)
butterfly Addressing Iraq's Human Capital Crisis........6th June 2021......Iraq Human Development Public Expenditure Review:
Addressing the Human Capital Crisis -
A Public Expenditure Review for Human Development Sectors in Iraq
Iraq is facing a human capital crisis despite having been one of the early investors in health and education in the MENA region.
The World Bank's Human Capital Index shows that a child born in Iraq, today, will reach, on average, only 41% of her potential productivity when she grows up, compared to the 57% average of the MENA region. Large disparities in human capital outcomes also persist between regions, urban and rural areas, and among vulnerable groups namely women and internally displaced people.
With this background, the Human Development Public Expenditure Review (HD‐PER) offers evidence‐based policy recommendations to inform reform that is urgently needed to spur human capital development. The report examines three chapters: the health sector, the education sector, and the pension system. In each chapter, it focuses on sector outcomes as well as efficiency, effectiveness, and equity of spending within the sector. It also highlights accordingly an agenda for reforms within each sector.
The Iraq HD‐PER builds on existing data and exerts an exceptional effort to collect spending and sector information amidst a data scarce and fragmented environment. This HD‐PER looks at general historical trends of various expenditure components and budgetary revenue sources and offers scenarios to simulate the magnitude of the fiscal adjustment in the medium‐run to create the needed fiscal space for additional spending in human capital.
Please click here to download the full report in PDF format. https://documents1.worldbank.org/curated/en/568141622306648034/pdf/Addressing-the-Human-Capital-Crisis-A-Public-Expenditure-Review-for-Human-Development-Sectors-in-Iraq.pdf (Source: World Bank)
Butterfly Market Review: "Market Consolidates Gains"......6th June 2021...... https://www.iraq-businessnews.com/2021/06/06/market-review-market-consolidates-gains/
butterfly 2021-06-05 12:33 Shafaq News/ The Iraq Stock Exchange (ISX) traded more than 54 billion equities valued at more than 57 billion dinars in the past week.
A report of the market obtained by Shafaq News agency said, "49 publicly traded companies cast out of 103 enlisted companies," indicating, "19 companies were delisted by the Iraqi Securities Commission for violating the disclosure regulations."
"54,830,510,000 equities were traded this week at a value of 57 billion dinars, down by 39.52% from last week, via 2239 transactions."
"ISX60 index closed at 564.10, 2.45% below last session's closure," the report added.
It is noteworthy that Iraq Stock Exchange installed Central Depository and Electronic Trading Systems in 2009. It organizes five weekly sessions and lists 103 public companies from different economic sectors.
butterfly 2021-06-05 03:36 Shafaq News/ Oil extended gains with Brent topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about a patchy COVID-19 vaccination rollout around the globe.
The Organization of the Petroleum Exporting Countries and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed U.S. crude inventories dropped more than expected last week.
Oil extended gains after U.S. figures showed nonfarm payrolls increased by 559,000 jobs last month. The U.S. dollar weakened after the report, making oil cheaper for holders of other currencies and lending support to oil prices.
Brent crude rose 33 cents, or 0.5%, to settle at $71.64 a barrel at 0812 GMT, after touching $72.17, its highest since May 2019.
U.S. West Texas Intermediate crude rose 22 cents, or 0.3%, to settle at $69.03. The session high was $69.76, its highest since October 2018.
Oil prices drifted higher after U.S. energy firms this week cut the number of oil and natural gas rigs operating, for the first time in six weeks, data from energy services firm Baker Hughes showed.
"After much dilly-dallying, Brent appears to have found a new home above $70," said Stephen Brennock of oil broker PVM. "Summer and the reopening of the global economy is bullish for oil demand in the second half of the year."
Brent rose about 3% on the week while U.S. crude notched gains of nearly 5%. It is the second week of gains for both contracts.
Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran's nuclear program, which reduced expectations of a return of Iranian oil supply.
butterfly Energy markets are locked in on Iran nuclear talks that should pick up next week," Edward Moya, senior market analyst at OANDA said.
"The fifth round of negotiations will heat up next week and that should keep oil prices supported as Tehran will stick to their red lines for restoring the nuclear deal."
Source: Reuters, Shafaq News Agency
butterfly 2021-06-05 14:12
Shafaq News/ Iraq’s Ministry of Defence delivered, on Tuesday, military vehicles from the US-led Coalition to empower the Iraqi forces in combatting ISIS.
According to the Ministry’s statement, The Joint Task Force of Al-Azm Al-Salb Operation (CJTFOIR) donated to the Iraqi Ministry of Defence 45 vehicles.
It pointed out that the equipment are funded by "the Counter-ISIS Train and Equip Fund (CTEF)" which is a part of the United States' whole-of-government approach to support the lasting defeat of ISIS.
It’s noteworthy that The CTEF specifically supports the Department of Defense’s efforts to work by, with, and through' the Iraqi Security Forces (ISF) and the Vetted Syrian Opposition (VSO) to build key defeat-ISIS capabilities and promote the long term stability of the region by preventing the resurgence of ISIS.
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