Iraqi News Wednesday AM 8-4-21
TLM724 Administrator BondLady’s Corner
European Union: The Devaluation Of The Dinar Should Have Taken Place A Long Time Ago
European Union Ambassador to Iraq Martin Haute: Money and business Economy News – Baghdad The Ambassador of the European Union in Iraq, Martin Hutt, stressed that Iraq needs a structural reform in the economy, noting that the devaluation of the dinar should have been done a long time ago because it would make Iraq’s economy more competitive.
In an interview with Al-Sabah newspaper, which was seen by Al-Iqtisad News, Hot said, “The emergence of ISIS and the demonstrations that took place in October 2019 shed light on the need for serious structural reform in the oil-dependent economy while fighting rampant corruption and the lack of job opportunities,” explaining that it launched This week, a joint initiative between the European Union and Germany to develop the private sector.
He added that the European Union, as a long-term partner of Iraq, remains committed to supporting development and cooperation priorities for the benefit of the Iraqi people, pointing out that targeting diplomatic missions inside Iraq and civil airports leads to alienation of foreign investors.
And he indicated that the white paper outlines difficult but necessary reform steps towards achieving a diversified and dynamic economy, noting that the devaluation of the dinar should have taken place a long time ago because it would make Iraq’s economy more competitive.
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A Slight Decrease In The Exchange Rates Of The Dollar In The Local Markets
Economie| 12:19 – 04/08/2021 Baghdad – Mawazine News The dollar exchange rates recorded, on Wednesday, a slight decline in the main stock exchange and local markets in the capital, Baghdad.
The dollar exchange rate fell on the Central Kifah Stock Exchange in Baghdad, today, recording 147,750 dinars, for each $100 bill.
The prices of buying and selling the dollar also decreased in exchange companies and local markets in Baghdad, where the selling price reached 148,250 dinars per $100 bill, while the purchase price was 147,250 dinars for each $100 bill. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=162682
The Iraqi Stock Exchange Reveals The Number Of Shares Traded During The Last Month
Economie| 10:43 – 04/08/2021 Baghdad – Mawazine News The Iraqi Stock Exchange revealed, on Wednesday, that 6 billion shares were traded, with a financial value of more than 8 billion dinars, during the month of July.
The market stated in a report seen by / Mawazine News /, that “the number of companies whose shares were traded during July amounted to 62 joint-stock companies, and the shares of 23 companies were not traded due to the difference in the prices offered from those requested by investors, while 18 companies continued to be suspended for not providing disclosure out of 103 companies.” listed on the market.
He added that “the number of traded shares amounted to 6 billion and 17 million and 761 thousand shares, with a financial value of 8 billion and 915 million dinars, through the implementation of 4377 deals,” noting that “the ISX60 traded price index closed at 575 points, recording an increase of 0.3% from its closing in previous session.
He pointed out that “the number of shares purchased from non-Iraqi investors for the month of July amounted to 657 million shares, with a financial value of 1.797 billion dinars, through the circulation of 13 joint-stock companies, while the number of shares sold from non-Iraqi investors reached 347 million shares, with a financial value of 1.528 billion dinars through Trading in 9 joint stock companies. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=162672
Central Bank Sales Of Hard Currency Increased
Economie| 02:44 – 04/08/2021 Baghdad – Mawazine News: The Central Bank of Iraq’s sales of hard currency recorded, on Wednesday, a remarkable increase, reaching more than 220 million dollars.
Today, the Central Bank’s auction of buying and selling foreign currencies witnessed an increase in its sales by 6.51% to reach 229 million and 822 thousand and 485 US dollars.
The purchases amounting to 193 million and 342 thousand and 485 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 36 million and 840 thousand dollars went in cash.
Thirty-five banks responded to requests to enhance balances abroad, and 13 banks to meet cash requests, in addition to the participation of 15 exchange companies. https://www.mawazin.net/Details.aspx?jimare=162696
Learn About Iraq’s Ranking In The List Of The Largest Gold Reserves In The World
Economie| 11:42 – 04/08/2021 Follow-up – Mawazine News The World Gold Council announced, on Wednesday, that the United States of America ranked as the largest country in gold reserves for the first half of 2021, indicating that Iraq ranked 39th globally.
In a table of 100 countries with the largest gold reserves reviewed by Mawazine News, the council stated that “the United States took the lead in the largest gold reserves in the world during the first half of 2021, with reserves amounting to 8.133 thousand tons, followed by Germany second with 3,359 thousand tons. Italy came third with 2,451 thousand tons, and then France with 2,436 thousand tons.
He added, “Russia came fifth with 2,292 thousand tons, China sixth with 1,948 thousand tons, Switzerland came seventh with 1,040 thousand tons, Japan ranked eighth with 846 tons, India came ninth with 705 tons, and the Netherlands tenth with 612 tons.”
As for the Arab world, Saudi Arabia came first and ranked 18 globally with a reserve of 323 tons, followed by Lebanon in second place and 20 globally with 286 tons, Algeria third and 26 globally with a reserve of 173 tons, then Libya fourth and 34th globally with a reserve of 116 tons, while Iraq ranked fifth and 39th globally, with a reserve of 96.3 tons.” Ended 29/A4 https://www.mawazin.net/Details.aspx?jimare=162678
The US Embassy Sets A Condition For Reopening Its Consulate In Basra
Political | 03:43 – 04/08/2021 Baghdad – Mawazine News The US embassy in Iraq set, on Wednesday, a condition for reopening its consulate in Basra Governorate.
The US ambassador, Matthew Tueller, confirmed the possibility of reopening its consulate in Basra in the future if the facts under which it was closed and the factors and reasons changed, some of which are security and others material.
He added, that the decision to close the consulate in Basra came due to the security situation in the province, in addition to the material costs that were among the factors under which Washington made its decision to close the process, which means that reopening requires the absence of the reasons for the closure for the purpose of making another decision regarding the future of that consulate. finished 29/h
To read more current and reliable Iraqi news please visit BondLady’s Corner:
Source: Dinar Recaps
More Iraqi News Wednesday PM 8-4-21
TLM724 Administrator BondLady’s Corner
The Minister Of Finance Chairs A Session On The Budgets Of The Coming Years: We Discussed Amending The Oil Company Law
Political | 04:12 – 04/08/2021 Baghdad – Mawazine News, Minister of Finance Ali Allawi chaired the fifteenth session of the committee for preparing the budget strategy for the years 2022-2024, while referring to the discussion of steps to amend the law of the National Oil Company and mechanisms for its development.
The Finance said in a statement, “Allawi chaired the meeting of the fifteenth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024, in the presence of the head of the General Authority for Monitoring Ministries’ Allocations, the Prime Minister’s advisors, the undersecretaries of finance and planning, the ministry’s advisor and general managers in the ministry and related ministries Relationship”.
She added, “During which, “the law of the National Oil Company and mechanisms for developing and enhancing its work tasks were discussed in line with the vision and objectives of the economic and financial reform program, in addition to discussing the restructuring of the company according to modern and advanced foundations related to standards of efficiency, productivity and economic feasibility, and the report submitted by The Ministry of Trade regarding its strategic vision related to the plan to revive foreign trade according to the priorities of the reform plan to revitalize the Iraqi economy and provide various stimulating development opportunities with positive returns to maximize public revenues for the next stage. https://www.mawazin.net/Details.aspx?jimare=162715
A Government Meeting To Discuss The Amendment Of The National Oil Company Law And Its Development Mechanisms
Wednesday 04, August 2021 17:10 | Economic Number of readings: 59 Baghdad / NINA / – The Ministry of Finance discussed the amendment of the law of the National Oil Company and the mechanisms for developing and enhancing its work functions in line with the vision and objectives of the economic and financial reform program.
Today, Wednesday, Minister of Finance Ali Allawi, during the meeting of the fifteenth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024, discussed restructuring the company according to modern and advanced foundations related to standards of efficiency, productivity and economic feasibility.
The attendees also reviewed the report submitted by the Ministry of Commerce regarding its strategic vision related to the plan to revive foreign trade in accordance with the priorities of the reform plan to revitalize the Iraqi economy and provide various stimulating development opportunities with positive returns to maximize public revenues for the next stage./ End 5 https://ninanews.com/Website/News/Details?key=919596
Finance Discusses The Steps To Amend The Law Of The National Oil Company And The Mechanisms For Its Development
Wednesday, 4 August 2021 4:30 PM Baghdad / National News Center Finance Minister Ali Abdul-Amir Allawi confirmed, today, Wednesday, that he discussed the steps to amend the law of the National Oil Company and the mechanisms for its development during the meeting of the fifteenth session of the Committee for the Preparation of the Federal General Budget Strategy.
The Ministry of Finance said in a statement received by the “National News Center”, that “the Minister of Finance, Ali Abdul Amir Allawi, chaired today the meeting of the fifteenth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024, in the presence of the head of the General Authority for Monitoring the allocations of ministries and advisors to the Prime Minister.
And the Undersecretary for Finance and Planning, the Ministry’s advisor, and the general managers in the ministry and the relevant ministries,” noting that “the National Oil Company law and mechanisms for developing and enhancing its work functions were discussed, in line with the vision and objectives of the economic and financial reform program, in addition to discussing the restructuring of the company according to modern foundations. and advanced standards related to efficiency, productivity and economic feasibility.
She added, “The report submitted by the Ministry of Commerce regarding its strategic vision related to the plan to revive foreign trade was followed up according to the priorities of the reform plan to revitalize the Iraqi economy and provide various stimulus development opportunities with positive returns to maximize public revenues for the next stage.” https://nnciraq.com/79104/
A Deputy Rules Out The Exit Of US Forces From Iraq By The End Of This Year
Political | 02:54 – 04/08/2021 Baghdad – Mawazine News, a member of the Parliamentary Foreign Relations Committee, Mukhtar al-Moussawi, on Wednesday ruled out the withdrawal of US combat forces from Iraq by the end of this year, while accusing those who welcomed the strategic dialogue of having personal interests.
Al-Moussawi stressed, in a radio interview, followed by / Mawazine News /, “the necessity of holding a meeting of the political blocs with the delegation that recently visited Washington, accompanied by Prime Minister Mustafa Al-Kazemi, for dialogue regarding the exit of combat forces, for the purpose of discussing the agreement reached by the delegation based on that dialogue and the mechanism for its implementation.”
Al-Moussawi said, “The parties that welcomed the outcomes of the strategic dialogue with Washington have interests with America.” Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=162697
Washington: The Iraq War Authorization Act Is No Longer Necessary
Pratha News Agency148 2021-08-04 US Deputy Secretary of State Wendy Sherman said the administration of President Joe Biden supports repealing the Iraq War Authorization Act of 2002, as it is no longer necessary to protect US interests.
“For the State Department, repealing the 2002 AUMF will not affect our diplomatic activities,” Sherman told the Senate Foreign Relations Committee.
She added: “The ministry made it clear that we do not have ongoing military activities that rely solely on it, and that its cancellation will have little impact on military operations.”
Last June, the US House of Representatives voted to repeal the authorization for the use of military force granted to the president since 2002, which authorized the launching of war on Iraq.
Through Remittances Abroad, A Deputy Reveals The Disappearance Of 25 Billion Dollars
Political | 11:36 – 04/08/2021 Baghdad – Mawazine NewsMP Arshad Al-Salihi revealed, on Wednesday, that corruption operations occurred through remittances outside Iraq in the year 2020.
Al-Salhi said in a statement that / Mawazine News / received a copy of it, that “we were surprised by the figures revealed by the Ministry of Planning that the size of Iraq’s import of goods in 2020 amounted to only $15 billion, while the volume of Iraqi remittances outside the country during the year 2020 amounted to $40 billion, according to what the Central Bank announced.
He added that “this matter means that Iraq has transferred 40 billion dollars for the purpose of import and received goods worth 15 billion dollars only,” noting that “the loss of 25 billion dollars should be disclosed to public opinion immediately without any hesitation.”
Al-Salihi added that “guaranteeing the rights of the citizen and exposing corruption is one of the government’s responsibilities, which must not cover up those whose hands are tainted by wasting public money, so the government must deal with transparency and not neglect the rights of the Iraqi people.”
Last Sunday, the Ministry of Planning announced a sharp drop in imports during the year 2020 compared to the years 2018-2019, attributing this to the outbreak of the Corona epidemic.
The official spokesman for the ministry, Abdul-Zahra Al-Hindawi, said, in a statement received by Mawazine News, that “the report prepared by the Central Bureau of Statistics showed that the total imports for the year 2020 of commodities and petroleum products amounted to $15.4 billion, equivalent to (18.4) trillion dollars. Iraqi dinars, recording a decrease of (25.9%) compared to 2019, which amounted to (29.9) billion dollars, equivalent to (24.Cool trillion dinars. https://www.mawazin.net/Details.aspx?jimare=162677
Iraq Offers Arab Women Investors The Reconstruction Of The Liberated Areas
Economie| 10:21 – 04/08/2021 Follow-up – Mawazine News, Iraq’s ambassador to Cairo and its permanent representative to the League of Arab States, Ahmed Nayef Al-Dulaimi, presented investment opportunities to the Arab Women Investors Union for the reconstruction of areas liberated from ISIS terrorist gangs.
Al-Dulaimi said, during his meeting with the President of the Union, Hoda Yasi, yesterday, Tuesday, according to the official newspaper, that “Iraq wants the presence of Egyptian and Arab companies for its reconstruction,” stressing “the need to present these investment opportunities, especially in the field of construction, to Arab female investors.”
Al-Dulaimi pointed out that “Iraq is a promising country with enormous potential,” noting that “there are many Egyptian companies working in Iraq, and they are constantly increasing.”
For her part, Hoda Yassi emphasized that ” https://www.mawazin.net/Details.aspx?jimare=162669
To read more current and reliable Iraqi news please visit BondLady’s Corner:
Source: Dinar Recaps
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