Sun. PM KTFA News Articles 9-19-21



Samson » September 19th, 2021

Expert: The next government can achieve an unprecedented economic achievement.. How?

19th September, 2021

The economic expert, Safwan Qusay, expected, on Sunday, that the next government will rely on the available financial liquidity without resorting to internal and external borrowing, indicating that this step is the most important achievement for it

Qusay said, “The current government has raised the price of the dollar significantly, which has increased financial liquidity due to the contraction of salaries and other expenses

He added, “After forming the government and presenting the new budget, the government can play a proactive and reformist step that will be historic by preventing internal and external borrowing in any way

Qusay explained, “This step will be fruitful, especially with the cash flow due to the rise in dollar prices, as well as global oil, which exceeded 70 dollars in most months of this year,” noting that “not borrowing will establish a new economic principle   LINK

Demands to disclose the amounts obtained by the government due to the increase in oil

19th September, 2021

Former MP Wael Abdel Latif demanded, on Sunday, the government of Prime Minister Mustafa Al-Kazemi to disclose the value of the sums it obtained as a result of the rise in oil prices compared to what was calculated in the current year’s budget, wondering why the government did not prepare a supplementary budget due to the presence of financial abundance

Abdul Latif said, “This year’s budget was built on the basis of calculating the price of a barrel at 45 dollars, while international prices were more than that until they reached more than seventy dollars, and this means that the government during more than a year obtained large sums of money from hard currency.”

He called on Al-Kazemi’s government to “disclose the value of the amounts that it obtained as a result of the rise in oil prices, compared to what was calculated in the current year’s budget

Abdul Latif added, “The government confirmed that it had obtained financial abundance as a result of the price hike, but it did not transparently disclose these amounts, and this is a matter that calls us to be concerned and suspicious,” wondering “why the government did not prepare a supplementary budget due to the presence of financial abundance

It is noteworthy that similar demands were made by a number of representatives and officials to the government to disclose the value of the sums collected as a result of the rise in oil prices, knowing that the rise in oil prices has been going on for more than a year  LINK

A parliamentary committee calls for the adoption of Chalabi’s plan to recover Iraq’s money

18th September, 2021

Saturday, the Parliamentary Economy Committee called for the adoption of Chalabi’s plan to recover Iraq’s money smuggled abroad.

Committee member Nada Shaker Jawdat said, in a statement followed by (Al-Oula News), that “recovering the looted and smuggled Iraqi funds abroad is a strategic necessity, but it is difficult to recover those funds by holding a conference organized in the last weeks of the government’s life, especially since corruption is still eroding institutions from within.

He added that “the late politician Ahmed Chalabi revealed, many years ago, the joints of Iraqi money smuggling in numbers and ways to recover it, and what are the solutions offered,” noting that “the government is unable to combat corruption or arrest its big heads in the country.”

Jawdat indicated that, “Tackling corruption requires real disclosure and decisiveness in decisions, and that the Prime Minister seeks to open a dialogue with those accused of wasting public money in order to push them to accept the terms of returning the money they took to the state treasury.”

And a member of the Parliamentary Economy Committee called for “removing the control of corruption whales from government institutions in order to contribute to real construction through planning that contributes to meeting the requirements of the people in all governorates by providing services and creating economic recovery.”  LINK

A deputy calls for the formation of a court specialized in holding money smugglers out of Iraq to account

19th September, 2021

Today, Sunday, Member of Parliament, Nada Shaker, called on the government to form a court specialized in holding people involved in smuggling Iraqi money to account, similar to the results of the conference for the recovery of looted funds in Baghdad.

Shaker said, in a statement followed by (Al-Oula News), that “the attendance and results of the conference that was held in Baghdad a few days ago regarding the recovery of Iraqi funds smuggled abroad, were good, but we hope that what was agreed upon will be activated.”

Shaker added, “Recovering the funds requires international and regional efforts to help Iraq recover its smuggled money, and everyone must realize the seriousness of the scourge of corruption in the country.”

Shaker stressed, “the necessity of unifying legislation and agreements between Iraq and the countries that attended the conference in order to reach tangible results,” calling for “the formation of a court specialized in holding money smugglers accountable, which is not linked to a specific party and has absolute powers of research, investigation and accountability.”

Last Wednesday, the capital, Baghdad, hosted the International Conference for the Recovery of Stolen Funds, which was held under the auspices of Prime Minister Mustafa Al-Kazemi, with the participation of the President of the Arab League Ahmed Aboul Gheit, a number of justice ministers, heads of judicial councils and regulatory bodies, as well as a number of representatives of associations, organizations, and legal figures. And an Arab academic and media outlet related to the issue of anti-corruption. LINK

Expose hundreds of corruption cases in Kurdistan

19th September, 2021

The Integrity Commission in the Kurdistan Region counted, on Sunday, the number of corruption cases in the region, while noting that among these cases about 700 cases are under investigation and 100 other cases are under trial.

The head of the commission, Ahmed Anwar, said, according to the official agency, that “the commission has annual reports, and in the sixth month of the current year it submitted its semi-annual report, in addition to carrying out its duties according to its existing capabilities,” noting that “the commission has so far investigated hundreds of cases, and there are some Between 600-700 corruption cases are under investigation and under the supervision of investigative judges delegated by the Kurdistan Regional Judicial Council.

Anwar added, “Corruption still poses a great danger in Iraq and the Kurdistan region, and we have good coordination with the Federal Integrity Commission and in all fields,” explaining, “The region is part of the federal government, and money recovery will be through Integrity and the Federal Ministry of Foreign Affairs and any claims to recover money.” It will be through official channels.

He pointed out that “corruption exists among some administrative officials and may be affiliated with a particular party,” stressing that “the authority works to monitor the public sector from the head of the department to the general managers.” He pointed out that “there are at all levels accused of corruption,” revealing that “the Integrity Commission in the region now has 100 cases under trial.” 


The Iraqi market is trading 40 shares worth 58 billion dinars in a week

19th September, 2021

The Iraqi Stock Exchange announced today, Sunday, that 40 billion shares were traded, with a financial value of more than 58 billion dinars, during the past week.

The market said in a report seen by Shafak News Agency, “The number of companies whose shares were traded during the past week amounted to 46 joint-stock companies, while the shares of 37 companies were not traded due to the lack of convergence of purchase orders prices with sales orders, while the number of suspended companies reached 20 companies for not providing disclosure out of 103 companies listed on the market.

He added that “the number of traded shares amounted to 40 billion and 148 million and 501 thousand shares, a decrease of 26.69% compared to the previous session, with a financial value of 58 billion and 217 million and 766 thousand dinars, an increase of 278.82% compared to the previous session through the implementation of 1953 deals.”

He pointed out that “ISX60 traded price index closed at 598.82 points, recording a decrease of 0.94% from its closing in the previous session.” He continued, “The number of shares purchased from non-Iraqi investors last week amounted to 211 million shares, with a financial value of 191 million dinars, through the implementation of 53 deals, while the number of shares sold from non-Iraqi investors reached 150 million shares, with a financial value of 137 million dinars, through the implementation of 44 Deal”.

It is noteworthy that the Iraqi Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.  LINK

Source: Dinar Recaps


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