.KTFA:

Samson: Iraq suspends official working hours for two days

7th October, 2021

The General Secretariat of the Council of Ministers announces the suspension of official working hours on Sunday and Monday

Based on the approval of the Prime Minister, Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi, it was decided the following:

Disruption of official working hours, on Sunday and Monday, corresponding to the tenth and eleventh of October this year, 2021; To coincide with the date of the elections, and to make way for the Independent High Electoral Commission; To complete the logistical procedures for the voting process, provided that coordination takes place between ministries and security, service, and health departments, and between the parties concerned with the voting process, to support the electoral process. LINK

.KTFA:

Samson: Petrofac fined £77m for paying bribes in Iraq

5th October, 2021

The British oil services group, Petrofac, announced that it had received a fine of 77 million pounds for paying bribes in Iraq and other countries in an investigation of corruption that lasted for more than 4 years

The company said in a statement on its website seen by "Economy News", that "Southwark Crown Court imposed a total fine of 77 million pounds (approximately 104.6 million US dollars) in relation to seven historical contracts for crimes of failure to prevent former Petrofac employees from submitting or making payments to agents in connection with projects awarded between 2012 and 2015, in the countries of Iraq, Saudi Arabia and the United Arab Emirates contrary to Section 7 of the UK Bribery Act 2010

.KTFA:

Samson: Iraqi banks acquire 99% of government bonds

4th October, 2021

On Monday, a government source said that most of the bonds offered by the government are bought by banks through their cash reserves with the Central Bank of Iraq, while citizens are satisfied with only one percent of those bonds

From time to time, the Central Bank issues bonds in favor of the Ministry of Finance, for the purpose of financing some public expenditures, as it recently issued construction bonds in denominations of 500 thousand dinars and one million dinars

.KTFA

Samson: Brent crude jumps above $81 a barrel

10/04/2021 17:08:22

The price of Brent crude jumped, today, Monday, above $ 81 for the first time in nearly three years.

Reuters reported that oil jumped more than 2% at levels of $81.60 a barrel, after OPEC + stuck to the current production policy. LINK

.KTFA:

Samson: Disclosure of the date for the distribution of retired salaries

10/03/2021 10:25:48

An informed source announced the date of the commencement and disbursement of distributing the salaries of retirees.

The source told {Euphrates News} that "the direct distribution of pensioners' salaries will start tomorrow evening, Monday."
And he indicated that "the exchange will be completed next Tuesday." LINK

MilitiaMan: Interesting they are speaking about direct distribution in an "Epidemiological" way in regard to a financial way of speaking.. imo ~ MM

KTFA:

MilitiaMan: Adviser to the Prime Minister clarifies the bonds of {construction} and their objectives

10/1/2021 15:13:07

The financial and economic advisor to the Prime Minister, Mutahar Muhammad Salih, clarified the {construction} bonds launched by the Ministry of Finance today, Friday.

"The issuance of construction bonds supports public finances by borrowing from the public's financial surpluses," Saleh told {Euphrates News}. And that "this step will be either putting these funds into the investment budget or reconstruction and strengthening the capital of government banks, especially the real estate and housing banks, to raise the lending capacity of citizens."

He stressed that the decision "supports the renaissance of construction, which is the process of recycling savings and converting them into investments, which is a positive step that supports citizens and moves stagnant funds."

.KTFA:

Samson: Việt Nam GDP to grow at 5.4 per cent: English chartered accountants institute

1st October, 2021

Việt Nam’s GDP is likely to grow by 5.4 per cent this year, according to the Global Economic Forecast Report from the Institute of Chartered Accountants in England and Wales and Oxford Economics.

The ICAEW said the forecast has been revised downwards from the 7.6 per cent in its previous report. The growth would accelerate to 7.5 per cent in 2022, with the pick-up driven by easing restrictions and industrial recovery gaining traction around mid-2022, it said.