Wed. PM KTFA News Articles 9-8-21

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KTFA

Clare » September 8th, 2021

Iraq signs a memorandum of understanding with the United Nations Development Program LINK

political| 05:42 – 08/09/2021

Iraq contracts with two Gulf countries on solar energy

08/09/2021  Baghdad – Mawazine News

The Ministry of Electricity announced, on Wednesday, that it is in the process of contracting with Saudi Arabia and the UAE on solar energy, while noting that the solar energy project is proceeding strongly.

The ministry’s spokesman, Ahmed Moussa, said, according to the official agency, that “the ministry is proceeding with the project to diversify energy sources, and it has previously signed with the (Power Shine) company for solar energy at a rate of 2000 megawatts, as well as a contract with a French company, Total, in addition to that it is in the process of Contracting with Saudi Arabia and the Emirati Masdar Company.

He added that “there is a determination to proceed with the production rate of 7,500 megawatts of solar energy, and accordingly it became obligatory to change the name of the ministry to the Ministry of Electricity and Renewable Energy.”

He pointed out, “The addition of a center called the Renewable Energies Center, as the ministry is concerned and will move forward vigorously with the solar energy project.” Ended   LINK

Globally.. the dollar is at its highest level in a week

08/09/2021  Follow-up – 

The dollar rose to its highest level in a week against major currencies, today, supported by the rise in the yield on US Treasury bonds and the decline in the euro ahead of a decision by the European Central on monetary policy.

The dollar index, which measures the performance of the US currency against six competing currencies, increased 0.05 percent to 92.580 points.

The euro fell 0.05 percent to trade at $1.1836 for the first time since September 2, 2021.
The dollar rose 0.08 percent to 110,385 yen (Japanese), supported by an increase in the yield on US Treasury bonds.

The yield on US 10-year Treasury bonds rose 1.385 percent on Tuesday for the first time since mid-July 2021, recording an increase of nearly six basis points, compared to Friday’s close. Monday was a holiday in the United States  LINK

Don961 » September 8th, 2021

Deputy Secretary-General of the Council of Ministers discusses with the World Bank the indicator of improving the business environment

07/09/2021   Baghdad – Mawazine News

Deputy Secretary-General of the Council of Ministers, Farhad Nematullah Hussein, discussed with representatives of the World Bank in Iraq indicators of improving the business environment.

A statement by the General Secretariat of the Council of Ministers, received by Mawazine News, stated, “The Deputy Secretary-General of the Council of Ministers, Farhad Nematullah Hussein, chaired the second periodic meeting of the Diwaniyah Order Committee (52 for the year 2021), which is concerned with following up on reforms and addressing indicators for evaluating the business environment in Iraq that were reported by the World Bank. In his annual report, by improving the regulatory environment for the private sector and its workers, as one of the basic items in achieving economic growth and motivating young people to engage in the local labor market and shift towards the private sector.

The representative of the World Bank indicated, according to the statement, that “the Bank is a key partner in supporting Iraq’s aspirations; To improve the business environment and implement strategic plans and programs to achieve economic growth, in implementation of Iraq’s commitment to the terms of the white paper approved by the government earlier in this regard.

He added, “The meeting, which was held in the building of the General Secretariat of the Council of Ministers, dealt with the annual assessment prepared by the World Bank on doing business according to the axes (obtaining credit, settling price cases, enforcing government contracts, and protecting investors with the lowest percentage). ” 

The Committee is Diwani (52 for 2021) membership includes representatives of the relevant authorities of the Supreme State and both houses of the judiciary, and ministries (foreign, trade, higher education and scientific research, as well as the Central Bank of Iraq).  link

Source: Dinar Recaps

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