Thurs. AM TNT Thoughts/News Articles 4-22-21

423

TNT

Tishwash:
Al-Kazemi: We are launching a comprehensive investment campaign

Today, Wednesday, Prime Minister Mustafa Al-Kazemi affirmed that there will be work to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors, while calling for coordination between the National Investment Commission and the ministries to accelerate the completion of investment projects.

Al-Kazemi said during his visit to the National Investment Commission, according to a statement from his media office, that “the Investment Authority has a major role in the process of rebuilding the country, and therefore it must be evaluated and corrected from previous mistakes, and there is a defect in the country’s infrastructure and wrong establishment and this chaos must work to end According to sustainable plans and strategies.

He pointed out that “a large number of projects have been transferred to investment during the past years, but most of them are either lagging or illusory projects.”

He stressed the need for “coordination between the Commission and other relevant ministries to invest to accelerate the completion of investment projects , ” noting that ” the National Investment Commission and the bodies in the provinces are required to take the necessary measures immediately to cancel the licenses of projects that the percentage recorded (0 to 35 % ) and over the length of time Available to implement the project.

He called on the commission “to take similar measures for projects with very low completion rates for the period of time, and the state’s rights must be met and its losses from the owners of these projects must be fully compensated”, stressing that “he personally follows the investment file and will be held accountable according to the law for any failure to fix the wrong situation inherited from the past.” .

Al-Kazemi continued, saying, “We are working very hard to launch a comprehensive investment campaign in which Iraqi and foreign investors participate. Iraq is a great country and has great talents, and we must work hard to take advantage of them and encourage investors to work on strategic projects in the country, ”noting that“ investment provides a better life for Iraqis, and reduces pressure on the government in the field of recruitment, as it will provide many opportunities for the unemployed. ”

He stressed, “Bureaucratic procedures and corruption are among the reasons that impede investment and we are working hard to address them, and just as we started a campaign against corruption, a major investment campaign must be started,” warning at the same time against “leniency with the corrupt or offenders or what harms the national interest of the country.”

Al-Kazemi pointed out that “the decisions that he made today regarding the lagging and unfinished projects and the withdrawal of licenses will be attacked by the corrupt, but we are proceeding with them and it is part of our reform project.”  link

Abby1:
been out of town….Did budget get posted in Gazette today…with new rate?

RVAlready:
The rate will remain as is. New rate will be set by CBI, independent of the budget.

Tishwash:
Al-Kazemi will visit the United States next July

A member of the Future Bloc in Parliament, Sarkut Shams al-Din, revealed, on Thursday, that Prime Minister Mustafa Al-Kazemi’s visit to the United States of America is expected next July.

Shams al-Din said, in a statement received by Mawazine News, a copy of it, that “the United States of America is in the process of writing a strategy for the Middle East, including Iraq, next month,” noting that “the Iraqi prime minister will visit Washington next July to discuss relations, especially the withdrawal of American forces, and what it requires.” From the American side, it will be provided to Iraq after this stage and how relations will be with it, and he will be informed of what this strategy will include with regard to Iraq. “

He added, “Al-Kazemi was the first prime minister in the Middle East that US President Joe Biden called after he won the elections and was installed as president of the United States.”

Shams al-Din stated, “The Iraqi-American dialogue focused on shifting the tasks of the American army and the coalition forces in general from combat to training, in addition to the responsibility of the camps in which these forces are located to the Iraqi side after completing the task of training them to maintain their security and protect the foreign forces present in them.” So that the camp would be a pure Iraqi, with few American trainers present. “

The deputy added, “Within the dialogue, the Iraqi side pledged to protect American forces before the complete withdrawal and diplomatic missions, and to confront any attack on them, whether by missiles, explosive devices or others, and foreign forces cannot intervene or take any step towards these attacks,” stressing that ” This mission will test the ability of the Iraqi army to maintain the security and sovereignty of the country. “

Shams al-Din explained, “The dialogue also focused on the issues of investment and the economy, as American companies began to work in the southern governorates in the field of oil and gas and others, after an interruption of years.”

He hinted that “there were different views between the federal government and the Kurdistan region during the strategic dialogue, as the latter requested that the American forces remain while the first party was committed to the presence of those forces for a specific period, while the American side had a view that its forces did not stay forever. The protection of Iraq must be handed over to the elements of the Iraqi army and their readiness during the next stage in confronting the armed groups outside the law that have negatively affected security and which may cause the perpetuation of the US forces’ stay in the country. link

Oil prices fall for third day after U.S. inventories increase

Oil prices fell for a third day on Thursday, after data showed an increase in U.S. inventories and investor concern about an uneven recovery in global demand.

Brent crude for June crude fell 0.35 percent to $65.09 on the European Futures Exchange (ICE) and U.S. crude fell 0.39 percent to $61.08.

U.S. figures showed a surprise addition of 594,000 barrels to inventories nationwide and gasoline products rose to 8.93 million barrels per day.

While vaccination campaigns are stimulating greater activity and increased mobility in the United States and parts of Europe, the epidemic is tightening its grip elsewhere. 

India on Wednesday recorded a record 2,023 covid-19 deaths and 295,041 new cases. The dramatic surge forced the country’s two financial and political capitals – Mumbai and New Delhi – to impose movement restrictions.

Even as India faces a crisis, other countries are drawing up plans to open up a possible boost to oil demand, including France, france will lift restrictions on regional movement and reopen schools in the coming weeks, and Greece will ease most of the closures in May before reopening tourism.

Based on increased demand, OPEC+ plans to ease deep supply restrictions from May to July despite these additional barrels, there is still expected to be a decline in global inventories, supporting prices.

link

Source: Dinar Recaps

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