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U.S. Ambassador Meets with KRG Prime Minister Masrour Barzani in Erbil
Home | News & Events | U.S. Ambassador Meets with KRG Prime Minister Masrour Barzani in Erbil
U.S. Ambassador to Iraq Matthew Tueller met with Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani yesterday in Erbil. They discussed the U.S.-Iraq Strategic Dialogue, KRG’s ongoing budget negotiations with Baghdad, relations between Iraqi Kurdistan Region’s political parties, and the importance of press freedom.
They also discussed the security situation in the western provinces and the importance of ensuring a safe and secure environment for the continued return of the Yezidi population to Sinjar. The U.S. continues to support a strong Kurdistan region within federal Iraq.
By U.S. Embassy in Baghdad | 16 September, 2020 | Topics: Ambassador, U.S. Consulate in Erbil,
https://iq.usembassy.gov/u-s-ambassador-meets-krg-prime-minister-masrour-barzani/
Domiciliation Of Salaries .. Do Bank Cards Remove The Dinar From The Pockets Of Employees?
Wednesday 16th September 2020 36 Baghdad: Farah Al-Khafaf
The process of resettlement of salaries has begun to reap its fruits, despite its short age and its collision with many obstacles, perhaps the most prominent of which is the lack of ATMs and the recent experience and use by employees, and between those who are welcomed and rejected, a number of factors stand for their success and development.
A member of the Parliamentary Finance Committee, Jamal Cougar, said in a special statement to Al-Sabah: “His committee supports the resettlement of salaries for its many benefits, including knowledge of the movement of money in the state, and the detection of phantom salaries.”
Cougar added, "In the past, the government at the end of each month and within one week was paying very high sums from the state treasury to pay salaries to employees and retirees, which causes a burden on the treasury, but now, after the salaries of most ministries and departments have been settled, the employee withdraws what he needs from the money, and not The total amount, which supports the provision of financial liquidity in the state treasury, which the government carries out like other businesses and projects.
The Emiratisation project aims to pay salaries to state employees through cards issued by banks operating in Iraq. The project aims to reduce the total cost of paying salaries and keeping cash within the banking system. The workers ’benefit is that they have a bank account that enables them to deal with all ATMs and points of sale in Inside and outside the country, as well as benefit from all other banking services provided by banks, such as obtaining loans and others.
Financial Cards
Cougar believes that "proper localization of salaries needs incentives, facilities and laws that regulate its work," indicating that "there must be incentives for citizens to increase dealing with financial cards, including gifts that are either permanent or seasonal on specific occasions or holidays, and that is The holder of the cash card (credit card) has privileges of discounts or adding incentive points when buying a specific product or a cash withdrawal process, offset by the government's support for commercial stores and brands through tax exemption or reduction in electricity and other services wages. The name of its holder, the date of its issue and the date of its expiration date, and it is used to obtain cash from ATMs or to buy goods and services.
The first bank cards were ATM cards issued by Barclays in London in 1967, and the Chemical Bank in Long Island, New York in 1969, and in 1972 Lloyd's Bank issued the first bank card to contain a magnetic stripe encoding information, using a personal identification number (PIN) for security. .
Financial Institutions
Cougar suggested that the government contract with companies and financial institutions to provide the largest number of ATMs and points of sale, to serve the citizen, saying in this regard: “This file should be referred to investment by attracting sober global financial institutions and companies, and contracting with them to provide the country with these devices and supplies. And all the accompanying operations, including continuous maintenance, without the state incurring payments and dues.
"The Emiratisation system began according to a Cabinet decision on November 1, 2016, which stipulates that the salaries of all civil employees in all government institutions will be localized. The decision also stipulated that the salaries of two Iraqi ministries will be localized at the end of 2016, and at the beginning of 2017 revealed Governor of the Central Bank for allowing the banking sector to participate in the resettlement of salaries for employees and persuading government departments to distribute salaries electronically, and then during the following years the salaries of most employees and retirees were localized, and work is still underway to localize all salaries.
Make Loans
In the same context, the specialist in financial affairs, Thamer Al-Azzawi, told Al-Sabah that the benefits of settlement are more than harmful, if any, indicating that banks have begun to offer "fat" offers to employees to contract with them in the process of resettlement, including the provision of various loans, and the reduction of interest rates. Until "the settlement process limited the process of transferring money in cash, as the past years witnessed armed robbery of the salaries of many departments, but now, for a year or more, we have not heard of theft operations as before."
However, Al-Azzawi identified many negative points that affected In the opinions of employees, including "the lack of automatic teller machines at some banks and banks, and many of them have been constantly disrupted or not working properly due to the Internet service, as well as the lack of popularity of the culture of shopping through bank cards and the lack of offers for that", noting the possibility of addressing these points.
Financial Benefits
The salary domiciliation system has several advantages that provide many financial and service benefits to employees, and these benefits vary from one bank to another, most notably: “Emiratization will reduce the risk of transferring the employee’s money in cash, and each employee who settles his salary will be given a special salary card through which he can withdraw his salary from various points of sale.” Locally and internationally, and the employee has complete freedom in withdrawing, depositing and transferring money according to his desire and at any time.
Al-Azzawi expected that the employee would dispense with carrying money and use bank cards almost completely within 7-10 years with the growth of electronic shopping operations, and the need for restaurants, shopping malls, malls and even filling stations to adopt these cards that provide services without risk, especially with the ease of replacement and protection. Enjoy the big Out. LINK
Parliamentary Finance Is Discussing With The Minister Of Transport The Allocation Of The Necessary Funds To Complete The Port Of Faw
Time: 09/16/2020 16:15:23 Read: 1,105 times {Baghdad: Al Furat News} A delegation from the Finance Committee headed by Haitham Al-Jubouri, President today, Wednesday, discussed with the Minister of Transport, Nasser Al-Bandar, to discuss a number of important issues and ways to support and succeed the Iraqi transport sector.
A statement by the committee stated that the Euphrates News Agency received a copy of it that “At the beginning of the meeting held at the headquarters of the Ministry of Transport, the delegation of the Finance Committee confirmed the allocation of the necessary sums to complete the completion of the Faw Grand Port project and the operation of the dry canal after the committee allocated 400 billion dinars for this project in 2019 budget.
The Finance Committee stressed "the need to accelerate the repair of damage to the railway line in the Al-Fatha area of Salah al-Din Governorate to re-operate the trains in order to transport goods and travelers to Syria and Turkey and to deal with damage in the railway bridges to the western regions towards Jordan and Syria."
The Finance Committee confirmed, "During the meeting, the delegation of the Finance Committee also discussed ways to complete the road linking Al Zubayr and the Grand Port of Faw, in which the completion rate has now reached 24% and the most important obstacles that prevent its completion. " LINK
Al-Halbousi: The Attack On The British Embassy Convoy Is An Embarrassing Breach
Time: 09/16/2020 14:25:42 Read: 2,418 times (Baghdad: Al Furat News) Today, Wednesday, Parliament Speaker Muhammad al-Halbousi considered the attack on the convoy of the British Embassy an embarrassing violation.
Al-Halbousi said in a tweet on his Twitter account, "The security of diplomatic missions is a legally and morally necessary responsibility for the government."
He added, "The attack that took place on the convoy of the British Embassy is an unfortunate and embarrassing breach at the same time." He continued: "We support government security efforts to extend state control, preserve its prestige and protect the security of its people, by tracking down terrorist cells and organized crime, and controlling the escaped weapon. LINK
The Iraqi Financial Market Closed 0.69% Higher Than The Previous Session
Time: 09/16/2020 14:09:09 Read: 975 times
{Baghdad: Al Furat News} The Iraq stock market closed, up 0.69% from the previous session.
The indicators for trading in the Iraq Stock Exchange today, Wednesday, were as follows:
Listed companies: - 105 traded companies: - 30
1. The number of shares traded reached (765,835,896) shares.
2. The value of shares (856,464,748) dinars.
3. The ISX 60 price index closed in today's session at (482.90) points, up by (0.69%) than its previous session's close of (479.57) points.
4. Trading in shares of (30) companies out of (105) companies listed in the market.
5. The number of companies suspended by a decision of the Securities Commission for non-compliance with the instructions for financial disclosure is (23) companies.
6. The number of shares purchased from non-Iraqi investors in the regular market reached (169) million shares, at a value of (119) million dinars, through the implementation of (61) deals on shares of (6) companies.
7. The number of shares sold by non-Iraqi investors in the regular market reached (45) million shares, at a value of (32) million dinars, through the implementation of (6) transactions on the shares of two companies. LINK
The Exchange Rates Of The Dollar And Other Foreign Currencies, Gold And Oil
Market Economy News _ Baghdad Al-Eqtisadiah News publishes a list of the exchange rates of the dollar against the dinar, other foreign currencies, gold and oil today, Wednesday, September 16, 2020:
The price of the dollar in the local market:
The selling price of the dollar: 123,500, The purchase price of the dollar: 122,500
Euro The world price: 100 euros = 118,43 dollars British Pound The world price: 100 pounds = 128.91
Turkish lira dollars The world price: 100 dollars = 748.65 Turkish lira
The price of an ounce of gold worldwide = $ 1958.55
The price of a barrel of Brent crude oil = $ 41.10 The price of a barrel of US crude oil = $ 38.99
Number of observations 92 Date of addendum 09/16/2020 https://economy-news.net/content.php?id=21865
The Most Prominent Decisions Taken In The Cabinet Session
Council of Ministers
Money and business Economy News – Baghdad The Council of Ministers approved a number of decisions, including the Ministry of Planning's inclusion of the project of converting the open canal for Basra water (Al-Badaa canal) into a 238 km pipeline, within the Ministry of Water Resources' 2020 plan.
The cost of the project was estimated at 2925000000 (two billion nine hundred twenty-five million dollars), including 10% of the value of the work as a reserve amount, the percentage of supervision, expropriation costs and compensation for the implants in the event of a change of course.
The Council also agreed that “the Ministry of Finance will finance the Ministry of Water Resources with an amount of 5 billion dinars, not exceeding 1/12 of the operating expenses of the project mentioned in paragraph (1) above, in accordance with Article (13) of the Federal Financial Management Law (6 of 2019). the average.
The Council decided, according to a statement made by the Media Office of the President of the Council (yesterday, Tuesday), “the cabinet’s support for the proposal of the First Amendment Law of the Iraqi Accreditation Authority Law No. 78 of 2017, for a period of five years and self-financing thereafter.”
Whereas, the "Minutes of the Ministry of Planning and the recommendations of the Diwani Order No. 45 of 2018 regarding hospital projects" approved.
The Prime Minister directed, during a discussion session on the issue of statements of state employees and the proposals to remove obstacles in their organization, to form a team headed by the Minister of Planning, including in its membership the advisor of the Prime Minister, a representative of the Office of Financial Supervision, and the Director General of the Ministry of Finance For the Ministry of Labor and Social Affairs, and a representative of each of the Ministries of Interior and Defense, provides a mechanism for processing and completing the data of state employees.
Number of observations 99 Date added: 09/16/2020 https://economy-news.net/content.php?id=21862
Parliamentary Finance: The Government Will Speed Up Sending The 2020 Budget, With The Aim Of Obtaining New Loans
Money and business Economy News _ Baghdad The Parliamentary Finance Committee confirmed, on Wednesday, that the government's speedy vote on the 2020 budget and its submission to Parliament aims to allow the government to borrow new from home and abroad, and it is likely that the budget will be presented to Parliament next Saturday.
A member of the committee, Representative Jamal Cougar, said in a press interview, "The Al-Kazemi government, after it exhausted the loan it obtained from the internal banks, felt that it was facing a critical situation, so it rushed to approve the budget and send it to the House of Representatives for approval."
He explained, "The government aims to accelerate the approval of the budget to obtain approval from Parliament to allow it to borrow new from home and abroad."
He added that "the draft budget law will arrive at the Finance Committee today, Wednesday, for the purpose of studying it", likely that "the budget will be presented to Parliament next Saturday."
Number of observations 109 Date of addendum 09/16/2020 https://economy-news.net/content.php?id=21872
Economist: Operating The Mansuriyah Gas Station Will Save Iraq / 3 / Billion Dollars Annually
Wednesday 16, September 2020 14:22 | EconomicalViews: 63
Baquba / NINA / Economic specialist Jamal Shaker called for activating the free gas fields project in Iraq.
He told the correspondent of the Iraqi National News Agency / NINA /: “The free gas project, whose implementation contract has been transferred to one of the specialized oil companies since 2018, to produce gas and operate the Mansuriyah gas power station in Diyala province, represents a quantum leap in revitalizing the economy and providing job opportunities for more than / 6 / thousand employees in various scientific and technical specialties, and
added: "Operating the Mansouriya gas station at full capacity will save Iraq / 3 / billion dollars annually, as well as stabilizing the electric power and supplying the national grid with a surplus of it," calling on the government to start serious work in activating the project because Delay will expose Iraq to great material losses. / Ended https://ninanews.com/Website/News/Details?key=856870
Economic Specialist For / NINA /: Al-Kazemi's Efforts To Eradicate Corruption Need Mechanisms And Plans That Are Radically Different From The Mechanisms Of Previous Governments
Wednesday 16, September 2020 11:17 | EconomicalViews: 106 Baghdad / NINA / The specialist in economic affairs, Ali Al-Fariji, confirmed that the success of Prime Minister Mustafa Al-Kazemi's project in eliminating corruption and the corrupt requires the use of professional mentalities in the higher management (from outside the political arena mired in corruption) and an approach that contradicts the tools and methods used by previous governments.
Al-Freiji said in a statement to the Iraqi National News Agency / NINA/ The "orientations of former prime ministers in the matter of combating corruption - between the Supreme Council for Combating Corruption - and the beating with an iron hand - all ended in a dramatic disappointing end, indicating that the factors that failed previous corruption eradication experiments are / slow performance - lack of specialization) In the working group - the use of personalities from within the political arena mired in corruption - the lack of clarity of the powers of these councils that have melted into the state bureaucracy - the absence of the security force for the applications of these councils or committees that did not target the major corrupt /.
Al-Faraiji stressed that "the current government needs, in its endeavors to combat corruption, to take an approach contrary to previous governments that first depends on accuracy, firmness and speed in performance - determining the powers and optimal selection of the personalities that manage the anti-corruption team - allocating a security force to the work of the anti-corruption team - allocating a specialized court in a manner Integrated - Witness Protection Program - Activating Law No. 9 in the issue of recovering money - speeding up the enactment of a law,
from where do you get this - starting major corruption cases, and clarifying that "recovering money will be a bigger challenge than the issue of following up on corrupt people, and recovering and following up the money that escaped from Iraq is an easy file." If there was a firm national will, by virtue of which most of the corrupt people underestimated the smuggling operations and how to hide money. "
He stressed the need to seek professional mentality in the higher management (from outside the political arena that is awash with corruption) and considering the CTS as part of the work of this committee will give greater momentum and strength.
He pointed out that "Iraq has formed committees from the Al-Imams Bridge incident in 2005 until the bloody days incidents and the repeated explosions, the fall of Mosul, the Karrada explosion, and the explosion of the United Nations, but the investigations of these committees either go into oblivion or are protocols without benefit." / End 8
https://ninanews.com/Website/News/Details?key=856799
Parliamentary Finance: The Salvation Of Iraq Lies In The Chinese Agreement
Editing date: 9/16/2020 12:05 • 127 times read
Ayna News - Baghdad, a member of the Parliamentary Finance Committee, Thamer Theban, called, on Wednesday, to proceed with the Chinese agreement to benefit from its economic position instead of proceeding with the agreement with Washington, noting that the agreement represents a "rescue" for Iraq from its problems.
Theban said in a statement to Ayn News, that “the country's salvation from the accumulations of the past and the collapse of the infrastructure lies in the advancement of the Chinese agreement,” indicating that “China is a stumbling block in front of Washington economically, which leads the latter to conclude some agreements with the Iraqi side in order to obstruct The Chinese agreement with Baghdad. ”
He added, "The government should present the Chinese agreement in a detailed and transparent manner to the House of Representatives to pass it in order for it to be accepted and obligated and to fulfill all the necessary legal and legislative frameworks to ensure that the implementation of the agreement proceeds without American foreign political restraints."
Theban clarified that "the United States of America does not want in any way the Iraqi government and the House of Representatives to proceed with activating economic cooperation with Beijing."
http://www.alliraqnews.com/modules/news/article.php?storyid=100343
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Iraqi News Wednesday PM 9-16-20
TLM724 Administrator
U.S. Ambassador Meets with KRG Prime Minister Masrour Barzani in Erbil
Home | News & Events | U.S. Ambassador Meets with KRG Prime Minister Masrour Barzani in Erbil
U.S. Ambassador to Iraq Matthew Tueller met with Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani yesterday in Erbil. They discussed the U.S.-Iraq Strategic Dialogue, KRG’s ongoing budget negotiations with Baghdad, relations between Iraqi Kurdistan Region’s political parties, and the importance of press freedom.
They also discussed the security situation in the western provinces and the importance of ensuring a safe and secure environment for the continued return of the Yezidi population to Sinjar. The U.S. continues to support a strong Kurdistan region within federal Iraq.
By U.S. Embassy in Baghdad | 16 September, 2020 | Topics: Ambassador, U.S. Consulate in Erbil,
https://iq.usembassy.gov/u-s-ambassador-meets-krg-prime-minister-masrour-barzani/
Domiciliation Of Salaries .. Do Bank Cards Remove The Dinar From The Pockets Of Employees?
Wednesday 16th September 2020 36 Baghdad: Farah Al-Khafaf
The process of resettlement of salaries has begun to reap its fruits, despite its short age and its collision with many obstacles, perhaps the most prominent of which is the lack of ATMs and the recent experience and use by employees, and between those who are welcomed and rejected, a number of factors stand for their success and development.
A member of the Parliamentary Finance Committee, Jamal Cougar, said in a special statement to Al-Sabah: “His committee supports the resettlement of salaries for its many benefits, including knowledge of the movement of money in the state, and the detection of phantom salaries.”
Cougar added, "In the past, the government at the end of each month and within one week was paying very high sums from the state treasury to pay salaries to employees and retirees, which causes a burden on the treasury, but now, after the salaries of most ministries and departments have been settled, the employee withdraws what he needs from the money, and not The total amount, which supports the provision of financial liquidity in the state treasury, which the government carries out like other businesses and projects.
The Emiratisation project aims to pay salaries to state employees through cards issued by banks operating in Iraq. The project aims to reduce the total cost of paying salaries and keeping cash within the banking system. The workers ’benefit is that they have a bank account that enables them to deal with all ATMs and points of sale in Inside and outside the country, as well as benefit from all other banking services provided by banks, such as obtaining loans and others.
Financial Cards
Cougar believes that "proper localization of salaries needs incentives, facilities and laws that regulate its work," indicating that "there must be incentives for citizens to increase dealing with financial cards, including gifts that are either permanent or seasonal on specific occasions or holidays, and that is The holder of the cash card (credit card) has privileges of discounts or adding incentive points when buying a specific product or a cash withdrawal process, offset by the government's support for commercial stores and brands through tax exemption or reduction in electricity and other services wages. The name of its holder, the date of its issue and the date of its expiration date, and it is used to obtain cash from ATMs or to buy goods and services.
The first bank cards were ATM cards issued by Barclays in London in 1967, and the Chemical Bank in Long Island, New York in 1969, and in 1972 Lloyd's Bank issued the first bank card to contain a magnetic stripe encoding information, using a personal identification number (PIN) for security. .
Financial Institutions
Cougar suggested that the government contract with companies and financial institutions to provide the largest number of ATMs and points of sale, to serve the citizen, saying in this regard: “This file should be referred to investment by attracting sober global financial institutions and companies, and contracting with them to provide the country with these devices and supplies. And all the accompanying operations, including continuous maintenance, without the state incurring payments and dues.
"The Emiratisation system began according to a Cabinet decision on November 1, 2016, which stipulates that the salaries of all civil employees in all government institutions will be localized. The decision also stipulated that the salaries of two Iraqi ministries will be localized at the end of 2016, and at the beginning of 2017 revealed Governor of the Central Bank for allowing the banking sector to participate in the resettlement of salaries for employees and persuading government departments to distribute salaries electronically, and then during the following years the salaries of most employees and retirees were localized, and work is still underway to localize all salaries.
Make Loans
In the same context, the specialist in financial affairs, Thamer Al-Azzawi, told Al-Sabah that the benefits of settlement are more than harmful, if any, indicating that banks have begun to offer "fat" offers to employees to contract with them in the process of resettlement, including the provision of various loans, and the reduction of interest rates. Until "the settlement process limited the process of transferring money in cash, as the past years witnessed armed robbery of the salaries of many departments, but now, for a year or more, we have not heard of theft operations as before."
However, Al-Azzawi identified many negative points that affected In the opinions of employees, including "the lack of automatic teller machines at some banks and banks, and many of them have been constantly disrupted or not working properly due to the Internet service, as well as the lack of popularity of the culture of shopping through bank cards and the lack of offers for that", noting the possibility of addressing these points.
Financial Benefits
The salary domiciliation system has several advantages that provide many financial and service benefits to employees, and these benefits vary from one bank to another, most notably: “Emiratization will reduce the risk of transferring the employee’s money in cash, and each employee who settles his salary will be given a special salary card through which he can withdraw his salary from various points of sale.” Locally and internationally, and the employee has complete freedom in withdrawing, depositing and transferring money according to his desire and at any time.
Al-Azzawi expected that the employee would dispense with carrying money and use bank cards almost completely within 7-10 years with the growth of electronic shopping operations, and the need for restaurants, shopping malls, malls and even filling stations to adopt these cards that provide services without risk, especially with the ease of replacement and protection. Enjoy the big Out. LINK
Parliamentary Finance Is Discussing With The Minister Of Transport The Allocation Of The Necessary Funds To Complete The Port Of Faw
Time: 09/16/2020 16:15:23 Read: 1,105 times {Baghdad: Al Furat News} A delegation from the Finance Committee headed by Haitham Al-Jubouri, President today, Wednesday, discussed with the Minister of Transport, Nasser Al-Bandar, to discuss a number of important issues and ways to support and succeed the Iraqi transport sector.
A statement by the committee stated that the Euphrates News Agency received a copy of it that “At the beginning of the meeting held at the headquarters of the Ministry of Transport, the delegation of the Finance Committee confirmed the allocation of the necessary sums to complete the completion of the Faw Grand Port project and the operation of the dry canal after the committee allocated 400 billion dinars for this project in 2019 budget.
The Finance Committee stressed "the need to accelerate the repair of damage to the railway line in the Al-Fatha area of Salah al-Din Governorate to re-operate the trains in order to transport goods and travelers to Syria and Turkey and to deal with damage in the railway bridges to the western regions towards Jordan and Syria."
The Finance Committee confirmed, "During the meeting, the delegation of the Finance Committee also discussed ways to complete the road linking Al Zubayr and the Grand Port of Faw, in which the completion rate has now reached 24% and the most important obstacles that prevent its completion. " LINK
Al-Halbousi: The Attack On The British Embassy Convoy Is An Embarrassing Breach
Time: 09/16/2020 14:25:42 Read: 2,418 times (Baghdad: Al Furat News) Today, Wednesday, Parliament Speaker Muhammad al-Halbousi considered the attack on the convoy of the British Embassy an embarrassing violation.
Al-Halbousi said in a tweet on his Twitter account, "The security of diplomatic missions is a legally and morally necessary responsibility for the government."
He added, "The attack that took place on the convoy of the British Embassy is an unfortunate and embarrassing breach at the same time." He continued: "We support government security efforts to extend state control, preserve its prestige and protect the security of its people, by tracking down terrorist cells and organized crime, and controlling the escaped weapon. LINK
The Iraqi Financial Market Closed 0.69% Higher Than The Previous Session
Time: 09/16/2020 14:09:09 Read: 975 times
{Baghdad: Al Furat News} The Iraq stock market closed, up 0.69% from the previous session.
The indicators for trading in the Iraq Stock Exchange today, Wednesday, were as follows:
Listed companies: - 105 traded companies: - 30
1. The number of shares traded reached (765,835,896) shares.
2. The value of shares (856,464,748) dinars.
3. The ISX 60 price index closed in today's session at (482.90) points, up by (0.69%) than its previous session's close of (479.57) points.
4. Trading in shares of (30) companies out of (105) companies listed in the market.
5. The number of companies suspended by a decision of the Securities Commission for non-compliance with the instructions for financial disclosure is (23) companies.
6. The number of shares purchased from non-Iraqi investors in the regular market reached (169) million shares, at a value of (119) million dinars, through the implementation of (61) deals on shares of (6) companies.
7. The number of shares sold by non-Iraqi investors in the regular market reached (45) million shares, at a value of (32) million dinars, through the implementation of (6) transactions on the shares of two companies. LINK
The Exchange Rates Of The Dollar And Other Foreign Currencies, Gold And Oil
Market Economy News _ Baghdad Al-Eqtisadiah News publishes a list of the exchange rates of the dollar against the dinar, other foreign currencies, gold and oil today, Wednesday, September 16, 2020:
The price of the dollar in the local market:
The selling price of the dollar: 123,500, The purchase price of the dollar: 122,500
Euro The world price: 100 euros = 118,43 dollars British Pound The world price: 100 pounds = 128.91
Turkish lira dollars The world price: 100 dollars = 748.65 Turkish lira
The price of an ounce of gold worldwide = $ 1958.55
The price of a barrel of Brent crude oil = $ 41.10 The price of a barrel of US crude oil = $ 38.99
Number of observations 92 Date of addendum 09/16/2020 https://economy-news.net/content.php?id=21865
The Most Prominent Decisions Taken In The Cabinet Session
Council of Ministers
Money and business Economy News – Baghdad The Council of Ministers approved a number of decisions, including the Ministry of Planning's inclusion of the project of converting the open canal for Basra water (Al-Badaa canal) into a 238 km pipeline, within the Ministry of Water Resources' 2020 plan.
The cost of the project was estimated at 2925000000 (two billion nine hundred twenty-five million dollars), including 10% of the value of the work as a reserve amount, the percentage of supervision, expropriation costs and compensation for the implants in the event of a change of course.
The Council also agreed that “the Ministry of Finance will finance the Ministry of Water Resources with an amount of 5 billion dinars, not exceeding 1/12 of the operating expenses of the project mentioned in paragraph (1) above, in accordance with Article (13) of the Federal Financial Management Law (6 of 2019). the average.
The Council decided, according to a statement made by the Media Office of the President of the Council (yesterday, Tuesday), “the cabinet’s support for the proposal of the First Amendment Law of the Iraqi Accreditation Authority Law No. 78 of 2017, for a period of five years and self-financing thereafter.”
Whereas, the "Minutes of the Ministry of Planning and the recommendations of the Diwani Order No. 45 of 2018 regarding hospital projects" approved.
The Prime Minister directed, during a discussion session on the issue of statements of state employees and the proposals to remove obstacles in their organization, to form a team headed by the Minister of Planning, including in its membership the advisor of the Prime Minister, a representative of the Office of Financial Supervision, and the Director General of the Ministry of Finance For the Ministry of Labor and Social Affairs, and a representative of each of the Ministries of Interior and Defense, provides a mechanism for processing and completing the data of state employees.
Number of observations 99 Date added: 09/16/2020 https://economy-news.net/content.php?id=21862
Parliamentary Finance: The Government Will Speed Up Sending The 2020 Budget, With The Aim Of Obtaining New Loans
Money and business Economy News _ Baghdad The Parliamentary Finance Committee confirmed, on Wednesday, that the government's speedy vote on the 2020 budget and its submission to Parliament aims to allow the government to borrow new from home and abroad, and it is likely that the budget will be presented to Parliament next Saturday.
A member of the committee, Representative Jamal Cougar, said in a press interview, "The Al-Kazemi government, after it exhausted the loan it obtained from the internal banks, felt that it was facing a critical situation, so it rushed to approve the budget and send it to the House of Representatives for approval."
He explained, "The government aims to accelerate the approval of the budget to obtain approval from Parliament to allow it to borrow new from home and abroad."
He added that "the draft budget law will arrive at the Finance Committee today, Wednesday, for the purpose of studying it", likely that "the budget will be presented to Parliament next Saturday."
Number of observations 109 Date of addendum 09/16/2020 https://economy-news.net/content.php?id=21872
Economist: Operating The Mansuriyah Gas Station Will Save Iraq / 3 / Billion Dollars Annually
Wednesday 16, September 2020 14:22 | EconomicalViews: 63
Baquba / NINA / Economic specialist Jamal Shaker called for activating the free gas fields project in Iraq.
He told the correspondent of the Iraqi National News Agency / NINA /: “The free gas project, whose implementation contract has been transferred to one of the specialized oil companies since 2018, to produce gas and operate the Mansuriyah gas power station in Diyala province, represents a quantum leap in revitalizing the economy and providing job opportunities for more than / 6 / thousand employees in various scientific and technical specialties, and
added: "Operating the Mansouriya gas station at full capacity will save Iraq / 3 / billion dollars annually, as well as stabilizing the electric power and supplying the national grid with a surplus of it," calling on the government to start serious work in activating the project because Delay will expose Iraq to great material losses. / Ended https://ninanews.com/Website/News/Details?key=856870
Economic Specialist For / NINA /: Al-Kazemi's Efforts To Eradicate Corruption Need Mechanisms And Plans That Are Radically Different From The Mechanisms Of Previous Governments
Wednesday 16, September 2020 11:17 | EconomicalViews: 106 Baghdad / NINA / The specialist in economic affairs, Ali Al-Fariji, confirmed that the success of Prime Minister Mustafa Al-Kazemi's project in eliminating corruption and the corrupt requires the use of professional mentalities in the higher management (from outside the political arena mired in corruption) and an approach that contradicts the tools and methods used by previous governments.
Al-Freiji said in a statement to the Iraqi National News Agency / NINA/ The "orientations of former prime ministers in the matter of combating corruption - between the Supreme Council for Combating Corruption - and the beating with an iron hand - all ended in a dramatic disappointing end, indicating that the factors that failed previous corruption eradication experiments are / slow performance - lack of specialization) In the working group - the use of personalities from within the political arena mired in corruption - the lack of clarity of the powers of these councils that have melted into the state bureaucracy - the absence of the security force for the applications of these councils or committees that did not target the major corrupt /.
Al-Faraiji stressed that "the current government needs, in its endeavors to combat corruption, to take an approach contrary to previous governments that first depends on accuracy, firmness and speed in performance - determining the powers and optimal selection of the personalities that manage the anti-corruption team - allocating a security force to the work of the anti-corruption team - allocating a specialized court in a manner Integrated - Witness Protection Program - Activating Law No. 9 in the issue of recovering money - speeding up the enactment of a law,
from where do you get this - starting major corruption cases, and clarifying that "recovering money will be a bigger challenge than the issue of following up on corrupt people, and recovering and following up the money that escaped from Iraq is an easy file." If there was a firm national will, by virtue of which most of the corrupt people underestimated the smuggling operations and how to hide money. "
He stressed the need to seek professional mentality in the higher management (from outside the political arena that is awash with corruption) and considering the CTS as part of the work of this committee will give greater momentum and strength.
He pointed out that "Iraq has formed committees from the Al-Imams Bridge incident in 2005 until the bloody days incidents and the repeated explosions, the fall of Mosul, the Karrada explosion, and the explosion of the United Nations, but the investigations of these committees either go into oblivion or are protocols without benefit." / End 8
https://ninanews.com/Website/News/Details?key=856799
Parliamentary Finance: The Salvation Of Iraq Lies In The Chinese Agreement
Editing date: 9/16/2020 12:05 • 127 times read
Ayna News - Baghdad, a member of the Parliamentary Finance Committee, Thamer Theban, called, on Wednesday, to proceed with the Chinese agreement to benefit from its economic position instead of proceeding with the agreement with Washington, noting that the agreement represents a "rescue" for Iraq from its problems.
Theban said in a statement to Ayn News, that “the country's salvation from the accumulations of the past and the collapse of the infrastructure lies in the advancement of the Chinese agreement,” indicating that “China is a stumbling block in front of Washington economically, which leads the latter to conclude some agreements with the Iraqi side in order to obstruct The Chinese agreement with Baghdad. ”
He added, "The government should present the Chinese agreement in a detailed and transparent manner to the House of Representatives to pass it in order for it to be accepted and obligated and to fulfill all the necessary legal and legislative frameworks to ensure that the implementation of the agreement proceeds without American foreign political restraints."
Theban clarified that "the United States of America does not want in any way the Iraqi government and the House of Representatives to proceed with activating economic cooperation with Beijing."
http://www.alliraqnews.com/modules/news/article.php?storyid=100343
To read more current and reliable Iraqi news please visit BondLady’s Corner:
https://www.bondladyscorner.com/
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