Bond Lady’s Corner Iraqi News Articles 8-16-21

368

Iraqi News Monday AM 8-16-21

TLM724 Administrator BondLady’s Corner

The Central Bank’s Sales Of Hard Currency Declined

Economie| 02:01 – 16/08/2021 Baghdad – Mawazine News:   The Central Bank of Iraq’s sales of hard currency recorded, on Monday, a remarkable decline, reaching 191 million dollars.

The Central Bank auction for the sale and purchase of foreign currencies, today, witnessed a decrease of 15.11%, to reach 191 million and 176 thousand and 901 dollars, compared to yesterday, when sales amounted to 225 million and 443 thousand and 321 dollars.

The purchases amounting to 171 million and 266 thousand and 901 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 19 million and 910 thousand dollars went in cash.   31 banks responded to requests to enhance balances abroad, 7 banks to meet cash requests, in addition to the participation of 6 exchange companies. https://www.mawazin.net/Details.aspx?jimare=164062

Dollar Exchange Rates In Local Markets Today

Market   The exchange rates of the US dollar against the Iraqi dinar stabilized, on Monday, on the main stock exchange in the capital, Baghdad, and in the Kurdistan Region.

The “Economy News” correspondent said that the Central Kifah and Al-Harithiya Stock Exchange in Baghdad recorded, this morning, 147,950 Iraqi dinars, compared to 100 US dollars.

These are the same prices recorded yesterday, Sunday.

Our correspondent indicated that buying and selling prices have stabilized in banking shops in the local markets in Baghdad, where the selling price amounted to 148,500 Iraqi dinars, while the purchase prices amounted to 147,500 dinars per 100 US dollars.

In Erbil, the capital of the Kurdistan Region, dollar prices have also been stable, with the selling price reaching 148,100 dinars per 100 US dollars, and buying at 147,800 dinars per 100 dollars.

Views 71 Date Added 08/16/2021   https://economy-news.net/content.php?id=25993

Planning: An Increase In The Amount Of Goods Imported Through The Ports By 17%

Money  and business  Economy News _ Baghdad  Today, Monday, the Ministry of Planning announced an increase in the quantity of goods imported through Iraqi ports by 17.1%, while the amount of exported goods decreased by 21% during the past year.

The ministry said in a statement received by “Al-Iqtisad News”, that “the total tonnage of ships of goods exported and imported by ships owned by the General Company for Maritime Transport rose by (43.3%), while it decreased by chartered ships by (60%) from last year,” attributing this to ” The increase in the number of naval units (ships) arriving at Iraqi ports.”

He added that “the total revenues achieved by the General Company for Maritime Transport amounted to (184) billion dinars for the year 2020 compared to (83.4) billion dinars for the year 2019, with an increase of (120.6%), while the total revenues achieved by the General Company for Ports of Iraq amounted to (424.1) billion dinars compared to ( 486.3 billion dinars for the year 2019, a decrease of (12.8%),

noting that “the quantity of imported goods amounted to (19569) thousand tons through Iraqi ports for the year 2020, compared to (16,708) thousand tons for the year 2019 imported goods, with an increase of 17.1%. The amount of exported goods amounted to (10,213) thousand tons for the year 2020, compared to (12,930) thousand tons of goods exported for the year 2019, with a decrease of (21%).

Views 132   Date Added 08/16/2021   https://economy-news.net/content.php?id=25997

The Council Of Ministers Votes On 22 Resolutions Concerning Nineveh

The Council of Ministers headed by Mustafa Al-Kazemi

Money  and business   Economy News – Baghdad  The Council of Ministers voted on 23 decisions regarding Nineveh Governorate, during its regular session held today, Monday, in the city of Mosul, headed by Prime Minister Mustafa Al-Kazemi.   The decisions were summarized as follows:

First /  Releasing the funds of Nineveh Governorate, the frozen balances, to projects for the benefit of the movable departments, provided that these projects are identified, in coordination with them and the High Committee for the Reconstruction of Mosul, and included in coordination between them and the Ministry of Planning, in accordance with Article (2 / first / 6 / a) of the budget law Federal General Assembly for the fiscal year 2021.

Second /  1- Allocating the remaining area of Al-Ghazlani camp (after transferring the ownership of an area of (3000) dunams from the aforementioned camp to the current Ministry of Defense, according to what is indicated in the sequence (60) of the meeting minutes, according to Cabinet Resolution 243 of 2020). To the municipality of Mosul, to establish a residential investment project in accordance with the Investment Law (13 of 2006), provided that the project is presented in public auction as required by Cabinet Resolution (245 of 2019).

2- Forming a committee from the Ministries of Defense, Transport, Construction and Housing, the National Investment Commission and the Civil Aviation Authority, the Supreme Commission for the Reconstruction of Nineveh, to consider the development of a comprehensive plan for the remaining areas of the Ghazlani camp lands within one month, and to take sectoral approvals regarding what was mentioned above ( approval).

Third /  The Central Bank of Iraq has taken the appropriate measures regarding the re-work of banking companies in Nineveh Governorate in accordance with the laws and instructions, after the security audit is carried out by the National Security Agency within a period not exceeding 30 days from the date of receiving the audit request from the Central Bank, and upon its completion the approval is considered Obtained when no answer is given.

Fourth /  The Ministry of Industry and Minerals rehabilitated factories and laboratories in Nineveh Governorate, according to the financial discounts available to it.

Fifth /  Reconstruction of the old city of Mosul, according to what was stated in paragraph (1) mentioned above, in coordination with the relevant authorities.

Sixth /  The Ministry of Finance paid compensation for the first batch sent by the budget department in the aforementioned ministry, according to the letter of the Nineveh Appeals Court Presidency No. (1088) dated June 16, 2021, and Nineveh Governorate letter No. 2742 dated June 17, 2021, if available Financial assignments.

Seventh/  The Civil Aviation Authority, in coordination with the French side, took appropriate measures as soon as possible, regarding the follow-up to the implementation of the rehabilitation of Mosul International Airport with the representative of the French company (ADP-1), as indicated in the Cabinet Resolution (221 of 2020).

Eighth /  1- The Tourism Authority of the Ministry of Culture shall review the investment contract concluded regarding the Nineveh International Oberoi Hotel, and take the appropriate measures in this regard.

2- The Minister of Culture may offer the hotel above for investment, as an exception from Cabinet Resolution (245) of 2019, to one of the companies specialized in this field after completing the aforementioned procedures in paragraph (1).

3 – Inclusion of the Mosul Hotel in paragraph (2) above.

Ninth /  Waiting to create new administrative units in Nineveh Governorate until the population census is conducted, as indicated in the Cabinet Resolution (34 of 2020).

Tenth /  Establishing the Hawally Street and the Sixth and Seventh Bridges in the city of Mosul, in coordination between Nineveh Governorate and the ministries (Finance, Planning, Construction, Housing, Municipalities, Public Works, and Culture).

Eleventh /  The ministries (Finance and Planning) took appropriate measures regarding the implementation of Article (2/Second/Deficit/2/B/2/K) of the Federal General Budget Law for the fiscal year 2021, to finance a number of infrastructure projects for the benefit of the Ministry of Health during 2021, including the construction of the Republican Hospital in Nineveh Governorate.

Twelfth /  The Ministry of Construction, Housing, Municipalities and Public Works resumed work on localized ministerial projects in Nineveh Governorate, in coordination with the Ministry of Planning, according to financial allocations.

Thirteenth /  The Ministry of Planning undertakes to find a treatment for the suspended projects in Nineveh Governorate, according to the aforementioned governorate’s proposals or any other proposals on the subject according to what was stated in Article (2/First/6/C) of the Federal General Budget Law for the year Finance 2021.

Fourteenth / Salah al-Din Governorate took legal measures regarding the settlement of the contract signed with Zahra Company regarding the project of the Ministry of Electricity in the northern region (Bayji line – west of Baghdad, and Qayyarah gas line – Yarmajah secondary) if it had a legal justification, with the joint operations command assuming the line of insurance Qayyara gas and protect the teams assigned to implement the project.

Fifteenth / The inclusion of the Ministry of Higher Education and Scientific Research, in coordination between it and the Ministries of Finance and Planning, the projects whose details are shown in the accompanying list linking the letter of the Ministry of Higher Education and Scientific Research No. (S/2302) dated July 12, 2021, based on the provisions of Article (2) /First/6/a) of the Federal General Budget Law for the fiscal year 2021, even if that is in the 2022 budget.

Sixteenth / Approval of the study prepared by the Higher Committee for the Reconstruction of Mosul, numbered 190, dated July 10, 2021, and considered it a ground for projects needed by Nineveh Governorate.

Seventeenth / Approval of the following:

1- Forming a committee headed by a representative of the Ministry of Construction, Housing, Municipalities and Public Works, and the membership of representatives from the Ministries of (Finance/State Real Estate Department, Justice/Real Estate Registration Department), the Office of Endowments for Christian, Yazidi and Mandaean Religions, and Nineveh Governorate.

2- The aforementioned committee shall set the controls for ownership and ownership in Christian towns located in the Nineveh Plain that have national, religious, ethnic and sectarian specificities.

Eighteen / 1- Approval of the recommendations of the working group authored on the audit of expenditures for the years (2013-2019), regarding the salaries of the Nineveh Health Directorate, which are set out in the Federal Office of Financial Supervision letter No. (13/5/9/5213) dated March 24, 2021, According to the following:

A – The ministries of finance and health provide adequate allocations for the salaries of the Nineveh Health Department’s employees, taking into consideration the central appointments and promotions of the aforementioned department’s employees.

B – The Federal Office of Financial Supervision opened an investigation with the Ministry of Health regarding the allocations exploited from them and the allocations not added during the two years (2018 and 2019).

C- The Ministry of Finance made the necessary allocations for direct employees during the year/2017 whose salaries have not been paid to date, despite the soundness of their security position.

D- Forming a committee from the Nineveh Health Department, which will be responsible for counting the names of employees, the amounts of their salaries who are not covered by the saved salaries, and carrying out the necessary accounting treatments.

E- Reconsidering the promotions issued during 2018, and deducting the wrongly disbursed differences for some employees.

F- The Nineveh Health Department expeditiously submitting the financial statements and obtaining the approval of the consolidation record from the Ministry of Finance.

2- Imposing a penalty on members of the Diwaniyah Order Committee (8 of 2020), which was formed according to the letter of the General Secretariat of the Council of Ministers No.

The Council of Ministers votes on 22 decisions related to Nineveh in its session held in the governorate headed by the

Nineteenth Prime Minister / Approval of paragraph (3) of the third axis / recommendations from the weekly report of the Corona pandemic in Iraq, indicated in the Ministry of Health book No. A/N/11/3564) dated August 10, 2021, according to the following:

A- The management of the medical research centers project at the University of Mosul with a capacity of (150) joint beds shall be between the Ministry of Higher Education and Scientific Research / University of Mosul, and the Nineveh Health Department, and it is used for non-communicable diseases.

B – Authorizing the Nineveh Health Department to spend from its budget, after strengthening it with the amounts required from the Ministry of Finance and the sums for the development of regions in Nineveh Governorate.

Twenty / Allowing cars to be officially registered before (10 June 2014), from the years of manufacture 2012-2013-2014, in the Nineveh Governorate Traffic Directorate, provided that the beneficiary is a resident of Nineveh Governorate.

Twenty-first / Approval of the recommendations of the Ministerial Council for Energy (107 of 2021) attached to the letter of the General Secretariat of the Council of Ministers, numbered (21599) on August 10, 2021, and from the allocations of the Ministry of Water Resources without requesting additional financial allocations.

Twenty-second / creation of job grades; For the purpose of confirming contractors with the Electoral Commission, whose service exceeded 5 years or more, based on Article (61/b) of the Budget Law, and the formation of a joint committee headed by a representative of the Ministry of Planning, with the membership of representatives from the Ministry of Finance and the Electoral Commission; To study the conversion of (temporary) contracts in the Commission into operational contracts.

Views 132 Date Added 08/16/2021   https://economy-news.net/content.php?id=25999

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/

Source: Dinar Recaps


More Iraqi News Monday PM 8-16-21

TLM724 Administrator BondLady’s Corner

Because Of The Mutating Delta, Oil Prices Fall As Economic Growth Slows

Economy  Monday 16 August 2021 | 09:36 am| Number of readings: 68  Oil prices fell more than 1% on Monday, falling for a third session, as restrictions imposed by governments on movement to counter the spread of the delta version and slowing economic growth raised concern about the recovery of fuel demand .

Brent crude fell 76 cents, or 1.06 percent, to $69.83 a barrel by 0510 GMT, after falling last week .

US oil fell 79 cents, or 1.16 percent, to $67.44 a barrel, after rising slightly last week .

And the International Energy Agency said last Thursday that the increased demand for crude oil reversed course in July and is expected to rise at a slower rate during the rest of 2021 due to the high cases of Covid-19 virus from the delta strain .

The recent tightening of the restrictions imposed on the Corona virus in China led to a decrease in activity in the second largest economy in the world last July .

Many analysts also expect Japan, the world’s fourth-largest importer of crude oil, to see modest economic growth in the current quarter as the state of renewed emergency restrictions to deal with record infections affect household spending.   https://aynaliraqnews.com/index.php?aa=news&id22=150823

Alia Nassif Reveals The Legal Violations Of The Formation Of The National Oil Company “Secretly”

Monday 16 August 2021 16:17 | political Number of readings: 144  Baghdad / NINA / – The Parliamentary Integrity Committee renewed its request to the Public Prosecution Office to intervene and annul the decision to form the National Oil Company, which was formed secretly to avoid the anger of the Iraqi street, and disclosed the legal violations committed by those who formed it.

Member of the committee, Representative Alia Nassif, said, “The establishment of the National Oil Company in this illegal form is invalid, because its law is challenged in most of its provisions by the Federal Court, and the amendment that read two readings is mined with quotas materials.”

And she added, in a press statement, that “those who secretly formed the company did not abide by the stipulated conditions that must be met by the person who will run the company, which is a service of no less than 25 years within a specialty that makes him qualified to manage the company, and this was not taken into account in the appointment of the two vice presidents of the company.”

indicating that “all the company’s procedures are void, because the first vice president of the company must have worked in the field of extraction for several years.”

She explained, “Any procedures for appointing positions under the National Company Law are invalid appointments,” calling on the deputies not to pass the law in the House of Representatives.

https://ninanews.com/Website/News/Details?key=921750

Finance Minister: The Government Has Put The Economic Reality On The Right Track

 Money  and business  EconomyNews_Baghdad  The head of the Iraqi-Saudi Coordination Council, Minister of Finance, Ali Abdul-Amir Allawi, confirmed that the Iraqi government has put the economic reality on the right track through the white paper.

Allawi said during the (Iraqi-Saudi Joint Business Council) in a statement of the General Secretariat of the Council of Ministers received by “Al-Iqtisad News”, that “the Iraqi government aimed, through the white paper, to put the economic reality on a path that allows the state to take appropriate steps to develop it into a dynamic economy.” Diverse, creating real opportunities for a decent life for citizens.

He added, “The council aims to support and strengthen economic relations, and increase the volume of business between the Republic of Iraq and the Kingdom of Saudi Arabia, and based on the desire and need of both sides, the Joint Businessmen Council was formed, which will ensure the growth of existing cooperation and increase interaction between representatives of the economic business sector, in order to Activating the volume of commercial, industrial and investment transactions.

For his part, the National Coordinator of the Council, Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, explained that “the Iraqi government has adopted a policy of opening prospects for cooperation in the Arab and international environments, in all fields, and has placed it among its priorities in its ministerial program, in order to advance the economic reality. The commercial, industrial and agricultural sectors of Iraq.

The agenda of the Council witnessed a democratic practice of electing a president and two deputies to the Business Council, as well as a presentation and discussion of the projects proposed by the members of the Council.   Views 99 Date Added 08/16/2021   https://economy-news.net/content.php?id=25989

Iraq Launches A New Anti-Corruption Strategy

Money   and business  Economy News_Baghdad  Today, Monday, the Integrity Commission announced the launch of the National Anti-Corruption Strategy.

A statement by the commission, received by Al-Iqtisad News, stated that it had “launched the National Integrity and Anti-Corruption Strategy for the years (2021-2024), which was previously approved by the Council of Ministers under Resolution No. (181) on 6/6/2021.

He added that “this strategy is one of the requirements of the United Nations Convention against Corruption, which Iraq joined in the year 2007, and it is an advanced step in this field, as it entrusts tasks and duties entrusted to all state institutions and sectors, and then committees measure the level of commitment of those institutions and sectors to those tasks, and then evaluated.

He continued, “The strategy provides wide opportunities for cooperation between the regulatory agencies, the three authorities, and various state institutions and sectors, with a focus on activating participation in the process of diagnosing corruption phenomena and developing alternatives and treatments, as well as providing wide opportunities for training and developing the cadres of those institutions and sectors affiliated with the strategy in cooperation with international bodies. “.

Views 129 Date Added 08/16/2021   https://economy-news.net/content.php?id=25995

https://ina.iq/eng/13392-finance-minister-the-government-has-put-the-economic-reality-on-the-right-track.html

Finance Minister: The Government Has Put The Economic Reality On The Right Track

Politics / Economy   Today, 00:04  Baghdad – INA  The head of the Iraqi-Saudi Coordination Council, Minister of Finance, Ali Abdul Amir Allawi, confirmed that the Iraqi government has put the economic reality on the right track through the white paper.

Allawi said during the (Iraqi-Saudi Joint Business Council) in a statement of the General Secretariat of the Council of Ministers, received by the Iraqi News Agency (INA), today, Sunday, that “the Iraqi government aimed, through the white paper, to put the economic reality on the path that allows the state to take steps.” The occasion is to develop it into a dynamic and diversified economy that creates real opportunities for a decent life for citizens.”

He added, “The council aims to support and strengthen economic relations, and increase the volume of business between the Republic of Iraq and the Kingdom of Saudi Arabia, and based on the desire and need of both sides, the Joint Businessmen Council was formed, which will ensure the growth of existing cooperation and increase interaction between representatives of the economic business sector, in order to Activating the volume of commercial, industrial and investment transactions.

For his part, the National Coordinator of the Council, Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, explained that “the Iraqi government has adopted a policy of opening prospects for cooperation in the Arab and international environments, in all fields, and has placed it among its priorities in its ministerial program, in order to advance the economic reality.” The commercial, industrial and agricultural sectors of Iraq.

The agenda of the Council witnessed a democratic practice of electing a president and two deputies to the Business Council, as well as a presentation and discussion of the projects proposed by the members of the Council.

https://ina.iq/eng/13392-finance-minister-the-government-has-put-the-economic-reality-on-the-right-track.html

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/

Source: Dinar Recaps

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