Bond Lady's Corner
Iraqi News Monday 8-31-20
TLM724 Administrator
Dollar Exchange Rates In The Iraqi Market
Pratha News Agency97 2020-08-31 The exchange rates of the dollar stabilized in the main stock markets and local markets today, Monday (August 31, 2020) Al-Kifah Stock Exchange recorded 122,850 dinars against 100 US dollars.
They are the same as last Saturday. Selling prices in exchange shops in the local markets in Baghdad
The sale price is 123,500 dinars per $ 100
Purchase price: 122,500 dinars per $ 100
http://burathanews.com/arabic/economic/375642
Iraq Offers NATO A Long-Term Plan
Time: 08/31/2020 15:27:30 Read: 689 times (Baghdad: Al Furat News) The Chief of Staff of the Army, Lieutenant General Abdul Amir Rashid Yarallah, held a TV episode with the political advisor to NATO and a number of officers at the NATO headquarters in his meeting with the commander of NATO in Iraq, Major General Jenny Krenyan, in the presence of An assistant for training, deputy commander of the ground forces, and a number of staff officers at the Chief of Staff.
According to a statement by the Ministry of Defense, the Euphrates News Agency received a copy of the call, "a number of issues of interest that are in the interest of the military establishment, as the two sides stressed the need for continuity and bilateral cooperation in order to develop the joints of the military establishment."
During the meeting, the Army Chief of Staff affirmed "two main points, namely training and institutional reform through developing a long-term plan and in several stages in cooperation with NATO, with the results assessing the end of each stage."
For his part, the political advisor and the officers of the NATO supreme headquarters affirmed the "commitment of NATO to support Iraq by providing advice and a future vision for expanding the mission's work in Iraq and in consultation with the defense ministers of the alliance."
The political advisor added, "The mission in Iraq is a non-combat force whose aim is to provide advice and help in setting up institutional reform plans, and it continues to support training institutions.
NATO is aware of all needs and requirements that the military institution needs by communicating with the commander of the NATO mission in Iraq, which in turn." She is communicating with all the security leaderships in Iraq. LINK
Poland Pledges To Help Iraq Remove Its Name From The List Of High Risk Countries
Time: 08/31/2020 14:09:10 Read: 1,781 times (Baghdad: Al Furat News) Poland pledged to assist Iraq to remove its name from the list of high risk countries in the issue of money laundering and terrorist financing.
A statement by the Ministry of Foreign Affairs stated, "The Chargé d'Affairs in Poland, Hussain Mansour Al-Safi, met in the main building of the Polish Ministry of Finance with (Piotr Dziedzic) who is the Inspector General for Financial Information Affairs in addition to his other positions as Deputy Polish Finance Minister and Deputy Chairman of the Financial Treasury in the Republic of Poland.
The statement added that "the decision recently taken by the European Commission, which includes the inclusion of Iraq in the list of high-risk countries, on the issue of money laundering and terrorist financing," was mentioned, indicating its "opposition to the Iraqi government's efforts in this regard at the local and international levels."
The statement quoted Al-Safi as stressing "the strength of the bilateral relations that bind both the republics of Iraq and Poland at all levels."
For his part, the Polish Deputy Minister of Finance expressed his "full understanding of the Iraqi government's efforts in this regard," pledging to "make efforts and take necessary measures by his country's government to raise the name of Iraq among the list of high-risk countries in the European Union." LINK
Parliamentary Committee: "An Ambiguous Session" Behind The Renewal Of Licenses For Telecom Companies
Reports Economy News – Baghdad A member of the Parliamentary Media and Communications Committee, Alaa al-Rubaie, said that the renewal of the licenses of mobile phone companies took place in an ambiguous session of the Prime Minister’s sessions.
Al-Rubaie added, in a statement followed by Al-Eqtisad News, that renewing licenses for telecommunications companies in Iraq is a "waste of public money" because their services are not commensurate with the profits they achieve.
He pointed out that "one of the cabinet sessions witnessed the addition of a clause renewing the licenses of telephone companies on the morning of the session, but it is customary to add the paragraphs of the sessions 48 hours before they are discussed by cabinet members, which raises many doubts," as he put it.
Al-Rubaie revealed that a telecom company made $ 500 million in profits during the first half of 2020, indicating that "the political influence and the collusion of the Media and Communications Commission with telecommunications companies are behind the renewal of licenses."
He pointed out that Prime Minister Mustafa Al-Kazemi did not respond to calls from Parliament warning about the "dangers" of renewing licenses for telecommunications companies, indicating that "whoever checks the accounts of telecommunications companies in Iraq is an unlicensed and unregistered Jordanian company."
In the year 2019, the Parliamentary Communications and Media Committee called on the Media and Communications Commission to provide it with contracts for mobile phone companies to check its terms, but the Commission apologized by saying: “We are unable to supply the license contract due to the nature and privacy of the information contained therein .... It may directly affect the security and stability of the state in addition to other aspects. Competitive economic and trade ...
In turn, a member of the Board of Trustees of the Media and Communications Commission, Adel Al-Dhahabi, indicated that some representatives receive false information related to poor services provided by telecommunications companies.
He stressed that "the authority diagnoses poor services and imposes heavy financial penalties on violating companies."
Al-Dhahabi stated that "there are matters outside the will of companies and outside the authority of the authority, especially with regard to the age of companies' work licenses, as they are subject to a global system."
He stressed that "the current amount of extending business licenses of $ 233 million is not considered a final amount. Approximately $ 120 million will be added to it if companies operate fourth generation services."
A member of the board of trustees revealed that "the communication companies asked the authority to ban free communication applications such as WhatsApp and Messenger, after their revenues decreased."
And the Iraqi government decided, at an earlier time, to extend the license of mobile phone companies in Iraq for a period of 8 years in exchange for paying the three companies (50%) of their debts estimated at more than (1,400,000,000) billion dollars, while the other half shall be paid in installments over subsequent years.
The Court of First Instance of Al-Karkh issued a state order stopping the decision to renew the contracts for mobile phone licenses, following an invitation filed by a member of Parliament, Muhammad Shiaa al-Sudani.
Number of observations: 126, date of addition, 08/31/2020 https://economy-news.net/content.php?id=21667
Al-Rafidain: 50 Million Loans Allocated For Construction Include Employees And Citizens
Banks Economy News – Baghdad Al-Rafidain Bank announced, on Monday, that 50 million loans for construction in a plot of land include employees and retirees.
The media office of the bank said in a statement received by "Al-Eqtisad News", that "the loan is disbursed in two installments, so the first payment will be 25 million upon completion of the vowel and the second payment of 25 million upon roofing." The statement added: "An employee or citizen can apply for the loan through the bank's branches located in Baghdad and the provinces."
Number of observations 69 date of addendum 08/31/2020 https://economy-news.net/content.php?id=21663
Iraq And Iran Resume Trade Through The Shalamjah Port
Alshalamcheh outlet Money and business Economy News – Baghdad Assistant Investment and Business Development in the Arvand Free Zone in Iran, Ali Mousavi, said Monday that commercial activities have resumed and goods exported from the Shalamcheh border crossing with Iraq after a two-day holiday.
Mousavi stated that, according to the agreement reached with the Iraqi side, economic activity and the export of goods had stopped on Saturday and Sunday, coinciding with the ninth and tenth of Muharram, and no commercial exchange took place on these borders during these two days, according to the Iranian IRNA agency.
He added that the Shalamjah international outlet reopened this morning, and merchants and businessmen resumed their commercial activities between the two countries, pointing to the export of non-oil goods, including foodstuffs, fruits, vegetables, protein materials and technical and engineering services to Iraq, from the borders of Shalamjah, according to the agreement reached. To him with the Iraqi side.
It is noteworthy that exports of non-oil goods resumed from the Shalamjah borders on July 8, after a four-month closure due to the spread of the Coronavirus, during which 21 thousand tons of non-oil goods, worth 95 million dollars, were exported to Iraq.
The Shalamjah international border crossing is located 20 km from Basra, southern Iraq, and 15 km west of the Iranian city of Khorramshahr.
It is noteworthy that more than 200 trucks carrying various types of goods were entering the Shalamjah border crossing before the crossing was closed by Iraq, and also 150 Iraqi trucks entered the Shalamjah border checkpoint daily to unload and load the goods. Number of observations 60 Date of addendum 08/31/2020
https://economy-news.net/content.php?id=21674
Transportation: Railways With Iran And Kuwait Are Not Proposed For The Time Being
Money and business Economy News _ Baghdad The Ministry of Transport confirmed, on Monday, that the rail link with Iran and Kuwait is not proposed at the present time.
In a statement seen by Al-Eqtisad News, the ministry stated, "The General Railway Company is seeking to upgrade its level, maximize its resources, and turn it into a profitable company, similar to the rest of the ministry's companies, by exploiting the railway network that extends to most regions in Iraq."
She added, "The company is also seeking to open marketing outlets due to the negative impact that Mubarak Port in Kuwait causes on Iraqi navigation and the failure to complete the construction of the large Faw port until now."
She pointed out that "the issue of the railway connection with Kuwait and Iran is not on the table at the present time," and that "the General Company for Railways is purely technical and professional."
And she continued, "Linking with neighboring countries is a sovereign decision that falls within the jurisdiction of the higher political parties represented by the Council of Ministers and Representatives."
She pointed out that "there is no agreement to connect the railways with Kuwait. Rather, what exists is studies only, and with the Iranian side there is a memorandum of understanding signed during the period of the previous government to link with Iran, but it was not put into practice."
She noted that "the implementation of the link with the Iranian side is not included in the investment platform, which is usually approved by the Ministry of Planning and does not exist as an investment opportunity."
Number of observations 84 Date of addendum 08/31/2020 https://economy-news.net/content.php?id=21662
Source: The French President Will Visit Baghdad Next Wednesday
Monday 31, August 2020 15:20 | PoliticalViews: 86 Baghdad ( NINA ) - A government source revealed that French President Emmanuel Macron will make his first official visit to Baghdad next Wednesday.
The source pointed out in a press statement that: "The visit of the French president to Baghdad expresses the stand by the country in the face of the crisis afflicting it."
He added, "Macron will meet with Prime Minister Mustafa Al-Kazemi and President Barham Salih, and it is hoped that he will hold talks with active politicians." / https://ninanews.com/Website/News/Details?Key=853311
An Economist Alerts The Government: The Real Poverty Rate In Iraq Is Around 40 Percent
Monday 31, August 2020 11:22 | EconomicalViews: 220 Baghdad / NINA / The expert on economic affairs, Raad Twig, called on the government to adopt a new strategy to reduce poverty and unemployment in Iraq.
Twig said in a statement to the Iraqi National News Agency ( NINA ): "Jenin in Bucharest, the representative of the United Nations in Iraq, announced earlier that the poverty rate in Iraq had increased by about 10%, and if this percentage was added to the published rates of poverty by the Ministry Planning last year, which was 22%, becomes 32%, which is a very large percentage that deserves the government's attention. "
He pointed out: "The real percentage is higher and within 40% due to the Corona pandemic and the drop in oil prices, so the government must follow a new strategy to reduce poverty and keep Iraqis away from its plan as much as possible and reduce deprivation." / End8 https://ninanews.com/Website/News/Details?key=853232
Goldman Sachs Expects The Recovery In Oil Prices To Gain Momentum In 2021
16:25 - 31/08/2020 Information / follow-up. Goldman Sachs expects Brent prices to rise in 2021 thanks to greater scarcity in the oil market, as the economic recovery from the recession caused by the Coronavirus gains momentum thanks to the possibility of a vaccine.
Goldman Sachs expects Brent prices to rise to $ 65 a barrel in the third quarter of 2021, and to average $ 59.40 during the year.
"It is important for prices to remain steady in the spot market despite the stalled withdrawal of inventories this summer," the bank said in a note dated August 30th, "the continued rise in long-term contract prices."
He added that the rise in long-term contract prices reflects improved growth prospects for next year.
Brent prices have rebounded strongly since they plunged to their lowest level in more than 20 years in April thanks to production cuts from the Organization of the Petroleum Exporting Countries and its allies (OPEC +), and as many economies began to ease lockdown measures.
"There is a growing possibility that a vaccine will be available on a large scale starting next spring, which will contribute to supporting global growth and demand for oil, especially jet fuel," the bank said.
The bank expected demand to rise by 3.7 million barrels per day from January to August next year.
He expected supplies to decrease in 2021, as OPEC + is likely to keep its production quotas unchanged in the second half of 2020, while the recovery of shale oil activity remains limited.
OPEC + reduced the volume of production cuts to 7.7 million barrels per day this month from a record level of 9.7 million barrels per day, equivalent to ten percent of global supplies, between May and July 2020 to help strike a balance between collapsing supply and demand. 25 S. https://www.almaalomah.com/2020/08/31/492633/
Representative Agriculture Calls For Accelerating The Construction Of Dams And Providing The Necessary Quantities For Agricultural Plans
Editing date: 08/31/2020 12:59 • 62 times read {Baghdad: Where News} The Parliamentary Committee on Agriculture, Water and Marshlands called for speeding up construction of dams to reclaim large areas of land and provide the necessary quantities for agricultural plans.
The head of the committee, Salam Al-Shammari, said in a statement received by "Ayna News" that "the situation in Iraq and the neighboring countries of Turkey and Iran is characterized by volatility in seasonal and annual revenues, which negatively affects the agricultural plans."
Al-Shammari added, "The period of high revenues is during the spring season and it does not serve the winter agricultural season nor the summer agricultural season. Therefore, the construction of dams is considered an urgent necessity."
He explained, "The main goal of constructing dams is to secure and regulate the water needed for irrigation through summer and winter operating plans based on a central operating policy to meet the water needs throughout the year for all sectors that use water, especially the agricultural sector, which consumes up to 85% of the available water volume and secure certain quantities of water. Storage for the next year, in case the scarcity continues for a second year, for the purpose of securing the water needs with the minimum level for the agricultural sector and drinking water.
Al-Shammari stressed that "the generation of electrical energy generated by dams as clean electrical energy does not cause pollution to the environment, and this is what calls for continuing the construction of dams in general."
He continued, "The construction of dams will provide abundant production of fish resources and the development of tourism for residents near the dams or citizens who wish to enjoy comfortable and attractive places." http://www.alliraqnews.com/modules/news/article.php?storyid=99221
Representative Legality: There Is No Specific Time For Passing The Election Law ... Two Tracks In Front Of Parliament
Editing date: 08/31/2020 13:07 • 50 read times Where's News_ Baghdad The Parliamentary Legal Committee confirmed, on Monday, that there is no specific time for the completion of the amendment of the election law, while it indicated that Parliament faces two tracks to resolve the election law.
According to the official agency, Hussein Al-Oqabi, a member of the committee, said, "The parliament faces two tracks, the first is unclear, and it is the multiple districts that need a demographic census and the number of houses and stores, and the other is to make the governorate one district and the highest candidate votes regardless of his losing or winning list."
He stressed that going to the option of the highest-ranked candidate would accomplish the law within a week, while going to multiple constituencies would complicate matters, stressing the need to accelerate the settlement of the election law.
The Parliamentary Legal Committee had confirmed earlier, the existence of a rapprochement between the political blocs regarding the election issues, including the timetable and the preparation of logistical matters for conducting the elections, technical and completion of the offices of the commission.
http://www.alliraqnews.com/modules/news/article.php?storyid=99223
For The Second Month ... Japan Does Not Import Oil From Iraq
Economy Monday 31 August 2020 | 03:04 pm| Views: 130 Japanese government data showed, today, Monday, that Japan did not import oil from Iraq during the months of July and last June, while Saudi Arabia ranked first among OPEC countries in exporting crude oil to Tokyo .
The Japanese Ministry of Economy, Trade and Industry published a table saying that “Japan did not import crude oil from Iraq, which is one of the main founders of OPEC for the months of July and June. It constituted 2% of Japan's imports for that month at that time . "
He explained that "Saudi Arabia ranked first in oil exports to Japan, as it exported 3.631 million barrels for the month of June and 4.578 million barrels for the month of July, which constitutes 39.8% and 44.4% of Japanese oil imports, respectively ."
They pointed out that "the UAE came in second place with exports amounting to 3.201 million barrels for the month of June and 3503 million for the month of July, then Qatar came in third place, with exports amounting to 757 thousand barrels for the month of June and 788 thousand for the month of July ."
Japan is the third largest consumer of oil in the world after China and the United States, and depends on its imports of oil, gas and coal. https://aynaliraqnews.com/index.php?aa=news&id22=138001
American Ambassador: We Hope That The Iraqi Parliament Will Not Reject The New Agreements Between Baghdad And Washington
Follow-up Monday, August 31, 2020 01:31 PM The US ambassador to Baghdad, Matthew Toller, confirmed today, Monday, that the visit of Prime Minister Mustafa Al-Kazemi to Washington has given great impetus to the relationship between the two countries.
Tueller said in a telephone interview with a number of media outlets, that "Al-Kazemi's meetings in Washington are an extension of what was held on June 11 by default, and we believe that the fact of the meetings shows the seriousness of both countries about the strength of the relationship between them," noting that "Al-Kazemi's visit gave a great impetus Of the relationship between the two countries. "
He added, "Unnatural challenges facing Iraq 's economy due to Corona and the economic crisis, especially that the Iraqi economy is central and unable to attract foreign investment," noting that "Al-Kazemi and Iraqi officials have shown their vision for economic reform, and America has shown its willingness to cooperate with Iraq in these efforts."
He continued, "In addition to the Washington meetings, there will be trade and investment meetings in order to improve the environment for foreign companies to invest in Iraq, and we have signed an agreement for e-government, financial reform, expansion of the partnership in trade and the promotion and strengthening of trade between the two countries."
He expressed his hope that "the Iraqi parliament will not reject the signed agreements because they serve the common interests in the relationship between the two countries," adding that "the strategic framework agreement was ratified by the Iraqi parliament in 2008 and is in effect as a law and any agreements we make within this agreement, and we believe that everything we have done." At this stage, it is consistent with the spirit of the strategic agreement. " LINK
Parliamentary Finance Stresses The Necessity Of Denying Rumors And Not Confusing The Economic Situation
08:50 - 31/08/2020 Information / private The Parliamentary Finance Committee stressed the need to deny rumors and not to confuse the economic situation of the country, pointing out that the government must assure everyone that it will secure salaries after Parliament voted on the borrowing law.
Committee member Jamal Ahmed told "the information", "The Al-Kazemi government should work to reassure the people about the issue of salaries, and banish the rumors that appear every month about the delay in paying salaries."
He added that "the information and the assurances of the concerned authorities indicate that salaries are insured, especially if the government obtains the necessary funds to cover the operating budget through loans."
He stressed the need not to confuse the market movement and the economic situation in the country by spreading rumors and lies about employee salaries, and the government's inability to cover them. 25 n
https://www.almaalomah.com/2020/08/31/492531/
Integrity Seizes A Waste Of Nearly Two Billion Dinars In A Government Bank In Diyala
Today, Monday, August 31, 2020, the Federal Integrity Commission announced that nearly two billion dinars were seized in a government bank in Diyala Governorate.
In a statement received by Radio Nawa, the Commission’s Investigation Department stated that “the staff of the Diyala Investigation Office moved to the Agricultural Cooperative Bank - Hebheb branch, and were able to control the priorities of the agricultural loan that amounts to nearly two billion dinars granted to one of the borrowers,” indicating the bank’s director By lifting the seizure of seven out of nine real estate collateral taken for the benefit of the bank, despite the borrower’s failure to pay the loan amount and the deadline’s expiry.
The department added, "The staff of the office moved to the Directorate of Real Estate Registration in Diyala, and all correspondence between the bank and the Directorate was seized regarding lifting the reservations on the real estate guarantees of the borrower," noting that "the loan amount is one billion and 780 million dinars, and that the amount that has been paid is 75 million JD only. "
She explained that in the process that was carried out according to a judicial arrest warrant, a fundamental seizure report of the seizures was organized, and it was presented to the judge of the Punishment Court, which is specialized in integrity cases, who decided to issue an arrest warrant against the accused, the bank manager, and ordered the summoning of the records officer in the Directorate of Real Estate Registration in the governorate, according to the provisions of Article (340) of the Penal Code. https://www.radionawa.com/all-detail.aspx?jimare=21751
To read more current and reliable Iraqi news please visit Bond Lady's Corner:
https://www.bondladyscorner.com/
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles
Iraqi News Monday 8-31-20
TLM724 Administrator
Dollar Exchange Rates In The Iraqi Market
Pratha News Agency97 2020-08-31 The exchange rates of the dollar stabilized in the main stock markets and local markets today, Monday (August 31, 2020) Al-Kifah Stock Exchange recorded 122,850 dinars against 100 US dollars.
They are the same as last Saturday. Selling prices in exchange shops in the local markets in Baghdad
The sale price is 123,500 dinars per $ 100
Purchase price: 122,500 dinars per $ 100
http://burathanews.com/arabic/economic/375642
Iraq Offers NATO A Long-Term Plan
Time: 08/31/2020 15:27:30 Read: 689 times (Baghdad: Al Furat News) The Chief of Staff of the Army, Lieutenant General Abdul Amir Rashid Yarallah, held a TV episode with the political advisor to NATO and a number of officers at the NATO headquarters in his meeting with the commander of NATO in Iraq, Major General Jenny Krenyan, in the presence of An assistant for training, deputy commander of the ground forces, and a number of staff officers at the Chief of Staff.
According to a statement by the Ministry of Defense, the Euphrates News Agency received a copy of the call, "a number of issues of interest that are in the interest of the military establishment, as the two sides stressed the need for continuity and bilateral cooperation in order to develop the joints of the military establishment."
During the meeting, the Army Chief of Staff affirmed "two main points, namely training and institutional reform through developing a long-term plan and in several stages in cooperation with NATO, with the results assessing the end of each stage."
For his part, the political advisor and the officers of the NATO supreme headquarters affirmed the "commitment of NATO to support Iraq by providing advice and a future vision for expanding the mission's work in Iraq and in consultation with the defense ministers of the alliance."
The political advisor added, "The mission in Iraq is a non-combat force whose aim is to provide advice and help in setting up institutional reform plans, and it continues to support training institutions.
NATO is aware of all needs and requirements that the military institution needs by communicating with the commander of the NATO mission in Iraq, which in turn." She is communicating with all the security leaderships in Iraq. LINK
Poland Pledges To Help Iraq Remove Its Name From The List Of High Risk Countries
Time: 08/31/2020 14:09:10 Read: 1,781 times (Baghdad: Al Furat News) Poland pledged to assist Iraq to remove its name from the list of high risk countries in the issue of money laundering and terrorist financing.
A statement by the Ministry of Foreign Affairs stated, "The Chargé d'Affairs in Poland, Hussain Mansour Al-Safi, met in the main building of the Polish Ministry of Finance with (Piotr Dziedzic) who is the Inspector General for Financial Information Affairs in addition to his other positions as Deputy Polish Finance Minister and Deputy Chairman of the Financial Treasury in the Republic of Poland.
The statement added that "the decision recently taken by the European Commission, which includes the inclusion of Iraq in the list of high-risk countries, on the issue of money laundering and terrorist financing," was mentioned, indicating its "opposition to the Iraqi government's efforts in this regard at the local and international levels."
The statement quoted Al-Safi as stressing "the strength of the bilateral relations that bind both the republics of Iraq and Poland at all levels."
For his part, the Polish Deputy Minister of Finance expressed his "full understanding of the Iraqi government's efforts in this regard," pledging to "make efforts and take necessary measures by his country's government to raise the name of Iraq among the list of high-risk countries in the European Union." LINK
Parliamentary Committee: "An Ambiguous Session" Behind The Renewal Of Licenses For Telecom Companies
Reports Economy News – Baghdad A member of the Parliamentary Media and Communications Committee, Alaa al-Rubaie, said that the renewal of the licenses of mobile phone companies took place in an ambiguous session of the Prime Minister’s sessions.
Al-Rubaie added, in a statement followed by Al-Eqtisad News, that renewing licenses for telecommunications companies in Iraq is a "waste of public money" because their services are not commensurate with the profits they achieve.
He pointed out that "one of the cabinet sessions witnessed the addition of a clause renewing the licenses of telephone companies on the morning of the session, but it is customary to add the paragraphs of the sessions 48 hours before they are discussed by cabinet members, which raises many doubts," as he put it.
Al-Rubaie revealed that a telecom company made $ 500 million in profits during the first half of 2020, indicating that "the political influence and the collusion of the Media and Communications Commission with telecommunications companies are behind the renewal of licenses."
He pointed out that Prime Minister Mustafa Al-Kazemi did not respond to calls from Parliament warning about the "dangers" of renewing licenses for telecommunications companies, indicating that "whoever checks the accounts of telecommunications companies in Iraq is an unlicensed and unregistered Jordanian company."
In the year 2019, the Parliamentary Communications and Media Committee called on the Media and Communications Commission to provide it with contracts for mobile phone companies to check its terms, but the Commission apologized by saying: “We are unable to supply the license contract due to the nature and privacy of the information contained therein .... It may directly affect the security and stability of the state in addition to other aspects. Competitive economic and trade ...
In turn, a member of the Board of Trustees of the Media and Communications Commission, Adel Al-Dhahabi, indicated that some representatives receive false information related to poor services provided by telecommunications companies.
He stressed that "the authority diagnoses poor services and imposes heavy financial penalties on violating companies."
Al-Dhahabi stated that "there are matters outside the will of companies and outside the authority of the authority, especially with regard to the age of companies' work licenses, as they are subject to a global system."
He stressed that "the current amount of extending business licenses of $ 233 million is not considered a final amount. Approximately $ 120 million will be added to it if companies operate fourth generation services."
A member of the board of trustees revealed that "the communication companies asked the authority to ban free communication applications such as WhatsApp and Messenger, after their revenues decreased."
And the Iraqi government decided, at an earlier time, to extend the license of mobile phone companies in Iraq for a period of 8 years in exchange for paying the three companies (50%) of their debts estimated at more than (1,400,000,000) billion dollars, while the other half shall be paid in installments over subsequent years.
The Court of First Instance of Al-Karkh issued a state order stopping the decision to renew the contracts for mobile phone licenses, following an invitation filed by a member of Parliament, Muhammad Shiaa al-Sudani.
Number of observations: 126, date of addition, 08/31/2020 https://economy-news.net/content.php?id=21667
Al-Rafidain: 50 Million Loans Allocated For Construction Include Employees And Citizens
Banks Economy News – Baghdad Al-Rafidain Bank announced, on Monday, that 50 million loans for construction in a plot of land include employees and retirees.
The media office of the bank said in a statement received by "Al-Eqtisad News", that "the loan is disbursed in two installments, so the first payment will be 25 million upon completion of the vowel and the second payment of 25 million upon roofing." The statement added: "An employee or citizen can apply for the loan through the bank's branches located in Baghdad and the provinces."
Number of observations 69 date of addendum 08/31/2020 https://economy-news.net/content.php?id=21663
Iraq And Iran Resume Trade Through The Shalamjah Port
Alshalamcheh outlet Money and business Economy News – Baghdad Assistant Investment and Business Development in the Arvand Free Zone in Iran, Ali Mousavi, said Monday that commercial activities have resumed and goods exported from the Shalamcheh border crossing with Iraq after a two-day holiday.
Mousavi stated that, according to the agreement reached with the Iraqi side, economic activity and the export of goods had stopped on Saturday and Sunday, coinciding with the ninth and tenth of Muharram, and no commercial exchange took place on these borders during these two days, according to the Iranian IRNA agency.
He added that the Shalamjah international outlet reopened this morning, and merchants and businessmen resumed their commercial activities between the two countries, pointing to the export of non-oil goods, including foodstuffs, fruits, vegetables, protein materials and technical and engineering services to Iraq, from the borders of Shalamjah, according to the agreement reached. To him with the Iraqi side.
It is noteworthy that exports of non-oil goods resumed from the Shalamjah borders on July 8, after a four-month closure due to the spread of the Coronavirus, during which 21 thousand tons of non-oil goods, worth 95 million dollars, were exported to Iraq.
The Shalamjah international border crossing is located 20 km from Basra, southern Iraq, and 15 km west of the Iranian city of Khorramshahr.
It is noteworthy that more than 200 trucks carrying various types of goods were entering the Shalamjah border crossing before the crossing was closed by Iraq, and also 150 Iraqi trucks entered the Shalamjah border checkpoint daily to unload and load the goods. Number of observations 60 Date of addendum 08/31/2020
https://economy-news.net/content.php?id=21674
Transportation: Railways With Iran And Kuwait Are Not Proposed For The Time Being
Money and business Economy News _ Baghdad The Ministry of Transport confirmed, on Monday, that the rail link with Iran and Kuwait is not proposed at the present time.
In a statement seen by Al-Eqtisad News, the ministry stated, "The General Railway Company is seeking to upgrade its level, maximize its resources, and turn it into a profitable company, similar to the rest of the ministry's companies, by exploiting the railway network that extends to most regions in Iraq."
She added, "The company is also seeking to open marketing outlets due to the negative impact that Mubarak Port in Kuwait causes on Iraqi navigation and the failure to complete the construction of the large Faw port until now."
She pointed out that "the issue of the railway connection with Kuwait and Iran is not on the table at the present time," and that "the General Company for Railways is purely technical and professional."
And she continued, "Linking with neighboring countries is a sovereign decision that falls within the jurisdiction of the higher political parties represented by the Council of Ministers and Representatives."
She pointed out that "there is no agreement to connect the railways with Kuwait. Rather, what exists is studies only, and with the Iranian side there is a memorandum of understanding signed during the period of the previous government to link with Iran, but it was not put into practice."
She noted that "the implementation of the link with the Iranian side is not included in the investment platform, which is usually approved by the Ministry of Planning and does not exist as an investment opportunity."
Number of observations 84 Date of addendum 08/31/2020 https://economy-news.net/content.php?id=21662
Source: The French President Will Visit Baghdad Next Wednesday
Monday 31, August 2020 15:20 | PoliticalViews: 86 Baghdad ( NINA ) - A government source revealed that French President Emmanuel Macron will make his first official visit to Baghdad next Wednesday.
The source pointed out in a press statement that: "The visit of the French president to Baghdad expresses the stand by the country in the face of the crisis afflicting it."
He added, "Macron will meet with Prime Minister Mustafa Al-Kazemi and President Barham Salih, and it is hoped that he will hold talks with active politicians." / https://ninanews.com/Website/News/Details?Key=853311
An Economist Alerts The Government: The Real Poverty Rate In Iraq Is Around 40 Percent
Monday 31, August 2020 11:22 | EconomicalViews: 220 Baghdad / NINA / The expert on economic affairs, Raad Twig, called on the government to adopt a new strategy to reduce poverty and unemployment in Iraq.
Twig said in a statement to the Iraqi National News Agency ( NINA ): "Jenin in Bucharest, the representative of the United Nations in Iraq, announced earlier that the poverty rate in Iraq had increased by about 10%, and if this percentage was added to the published rates of poverty by the Ministry Planning last year, which was 22%, becomes 32%, which is a very large percentage that deserves the government's attention. "
He pointed out: "The real percentage is higher and within 40% due to the Corona pandemic and the drop in oil prices, so the government must follow a new strategy to reduce poverty and keep Iraqis away from its plan as much as possible and reduce deprivation." / End8 https://ninanews.com/Website/News/Details?key=853232
Goldman Sachs Expects The Recovery In Oil Prices To Gain Momentum In 2021
16:25 - 31/08/2020 Information / follow-up. Goldman Sachs expects Brent prices to rise in 2021 thanks to greater scarcity in the oil market, as the economic recovery from the recession caused by the Coronavirus gains momentum thanks to the possibility of a vaccine.
Goldman Sachs expects Brent prices to rise to $ 65 a barrel in the third quarter of 2021, and to average $ 59.40 during the year.
"It is important for prices to remain steady in the spot market despite the stalled withdrawal of inventories this summer," the bank said in a note dated August 30th, "the continued rise in long-term contract prices."
He added that the rise in long-term contract prices reflects improved growth prospects for next year.
Brent prices have rebounded strongly since they plunged to their lowest level in more than 20 years in April thanks to production cuts from the Organization of the Petroleum Exporting Countries and its allies (OPEC +), and as many economies began to ease lockdown measures.
"There is a growing possibility that a vaccine will be available on a large scale starting next spring, which will contribute to supporting global growth and demand for oil, especially jet fuel," the bank said.
The bank expected demand to rise by 3.7 million barrels per day from January to August next year.
He expected supplies to decrease in 2021, as OPEC + is likely to keep its production quotas unchanged in the second half of 2020, while the recovery of shale oil activity remains limited.
OPEC + reduced the volume of production cuts to 7.7 million barrels per day this month from a record level of 9.7 million barrels per day, equivalent to ten percent of global supplies, between May and July 2020 to help strike a balance between collapsing supply and demand. 25 S. https://www.almaalomah.com/2020/08/31/492633/
Representative Agriculture Calls For Accelerating The Construction Of Dams And Providing The Necessary Quantities For Agricultural Plans
Editing date: 08/31/2020 12:59 • 62 times read {Baghdad: Where News} The Parliamentary Committee on Agriculture, Water and Marshlands called for speeding up construction of dams to reclaim large areas of land and provide the necessary quantities for agricultural plans.
The head of the committee, Salam Al-Shammari, said in a statement received by "Ayna News" that "the situation in Iraq and the neighboring countries of Turkey and Iran is characterized by volatility in seasonal and annual revenues, which negatively affects the agricultural plans."
Al-Shammari added, "The period of high revenues is during the spring season and it does not serve the winter agricultural season nor the summer agricultural season. Therefore, the construction of dams is considered an urgent necessity."
He explained, "The main goal of constructing dams is to secure and regulate the water needed for irrigation through summer and winter operating plans based on a central operating policy to meet the water needs throughout the year for all sectors that use water, especially the agricultural sector, which consumes up to 85% of the available water volume and secure certain quantities of water. Storage for the next year, in case the scarcity continues for a second year, for the purpose of securing the water needs with the minimum level for the agricultural sector and drinking water.
Al-Shammari stressed that "the generation of electrical energy generated by dams as clean electrical energy does not cause pollution to the environment, and this is what calls for continuing the construction of dams in general."
He continued, "The construction of dams will provide abundant production of fish resources and the development of tourism for residents near the dams or citizens who wish to enjoy comfortable and attractive places." http://www.alliraqnews.com/modules/news/article.php?storyid=99221
Representative Legality: There Is No Specific Time For Passing The Election Law ... Two Tracks In Front Of Parliament
Editing date: 08/31/2020 13:07 • 50 read times Where's News_ Baghdad The Parliamentary Legal Committee confirmed, on Monday, that there is no specific time for the completion of the amendment of the election law, while it indicated that Parliament faces two tracks to resolve the election law.
According to the official agency, Hussein Al-Oqabi, a member of the committee, said, "The parliament faces two tracks, the first is unclear, and it is the multiple districts that need a demographic census and the number of houses and stores, and the other is to make the governorate one district and the highest candidate votes regardless of his losing or winning list."
He stressed that going to the option of the highest-ranked candidate would accomplish the law within a week, while going to multiple constituencies would complicate matters, stressing the need to accelerate the settlement of the election law.
The Parliamentary Legal Committee had confirmed earlier, the existence of a rapprochement between the political blocs regarding the election issues, including the timetable and the preparation of logistical matters for conducting the elections, technical and completion of the offices of the commission.
http://www.alliraqnews.com/modules/news/article.php?storyid=99223
For The Second Month ... Japan Does Not Import Oil From Iraq
Economy Monday 31 August 2020 | 03:04 pm| Views: 130 Japanese government data showed, today, Monday, that Japan did not import oil from Iraq during the months of July and last June, while Saudi Arabia ranked first among OPEC countries in exporting crude oil to Tokyo .
The Japanese Ministry of Economy, Trade and Industry published a table saying that “Japan did not import crude oil from Iraq, which is one of the main founders of OPEC for the months of July and June. It constituted 2% of Japan's imports for that month at that time . "
He explained that "Saudi Arabia ranked first in oil exports to Japan, as it exported 3.631 million barrels for the month of June and 4.578 million barrels for the month of July, which constitutes 39.8% and 44.4% of Japanese oil imports, respectively ."
They pointed out that "the UAE came in second place with exports amounting to 3.201 million barrels for the month of June and 3503 million for the month of July, then Qatar came in third place, with exports amounting to 757 thousand barrels for the month of June and 788 thousand for the month of July ."
Japan is the third largest consumer of oil in the world after China and the United States, and depends on its imports of oil, gas and coal. https://aynaliraqnews.com/index.php?aa=news&id22=138001
American Ambassador: We Hope That The Iraqi Parliament Will Not Reject The New Agreements Between Baghdad And Washington
Follow-up Monday, August 31, 2020 01:31 PM The US ambassador to Baghdad, Matthew Toller, confirmed today, Monday, that the visit of Prime Minister Mustafa Al-Kazemi to Washington has given great impetus to the relationship between the two countries.
Tueller said in a telephone interview with a number of media outlets, that "Al-Kazemi's meetings in Washington are an extension of what was held on June 11 by default, and we believe that the fact of the meetings shows the seriousness of both countries about the strength of the relationship between them," noting that "Al-Kazemi's visit gave a great impetus Of the relationship between the two countries. "
He added, "Unnatural challenges facing Iraq 's economy due to Corona and the economic crisis, especially that the Iraqi economy is central and unable to attract foreign investment," noting that "Al-Kazemi and Iraqi officials have shown their vision for economic reform, and America has shown its willingness to cooperate with Iraq in these efforts."
He continued, "In addition to the Washington meetings, there will be trade and investment meetings in order to improve the environment for foreign companies to invest in Iraq, and we have signed an agreement for e-government, financial reform, expansion of the partnership in trade and the promotion and strengthening of trade between the two countries."
He expressed his hope that "the Iraqi parliament will not reject the signed agreements because they serve the common interests in the relationship between the two countries," adding that "the strategic framework agreement was ratified by the Iraqi parliament in 2008 and is in effect as a law and any agreements we make within this agreement, and we believe that everything we have done." At this stage, it is consistent with the spirit of the strategic agreement. " LINK
Parliamentary Finance Stresses The Necessity Of Denying Rumors And Not Confusing The Economic Situation
08:50 - 31/08/2020 Information / private The Parliamentary Finance Committee stressed the need to deny rumors and not to confuse the economic situation of the country, pointing out that the government must assure everyone that it will secure salaries after Parliament voted on the borrowing law.
Committee member Jamal Ahmed told "the information", "The Al-Kazemi government should work to reassure the people about the issue of salaries, and banish the rumors that appear every month about the delay in paying salaries."
He added that "the information and the assurances of the concerned authorities indicate that salaries are insured, especially if the government obtains the necessary funds to cover the operating budget through loans."
He stressed the need not to confuse the market movement and the economic situation in the country by spreading rumors and lies about employee salaries, and the government's inability to cover them. 25 n
https://www.almaalomah.com/2020/08/31/492531/
Integrity Seizes A Waste Of Nearly Two Billion Dinars In A Government Bank In Diyala
Today, Monday, August 31, 2020, the Federal Integrity Commission announced that nearly two billion dinars were seized in a government bank in Diyala Governorate.
In a statement received by Radio Nawa, the Commission’s Investigation Department stated that “the staff of the Diyala Investigation Office moved to the Agricultural Cooperative Bank - Hebheb branch, and were able to control the priorities of the agricultural loan that amounts to nearly two billion dinars granted to one of the borrowers,” indicating the bank’s director By lifting the seizure of seven out of nine real estate collateral taken for the benefit of the bank, despite the borrower’s failure to pay the loan amount and the deadline’s expiry.
The department added, "The staff of the office moved to the Directorate of Real Estate Registration in Diyala, and all correspondence between the bank and the Directorate was seized regarding lifting the reservations on the real estate guarantees of the borrower," noting that "the loan amount is one billion and 780 million dinars, and that the amount that has been paid is 75 million JD only. "
She explained that in the process that was carried out according to a judicial arrest warrant, a fundamental seizure report of the seizures was organized, and it was presented to the judge of the Punishment Court, which is specialized in integrity cases, who decided to issue an arrest warrant against the accused, the bank manager, and ordered the summoning of the records officer in the Directorate of Real Estate Registration in the governorate, according to the provisions of Article (340) of the Penal Code. https://www.radionawa.com/all-detail.aspx?jimare=21751
To read more current and reliable Iraqi news please visit Bond Lady's Corner:
https://www.bondladyscorner.com/
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles
0 Comments: