BondLady’s Corner

  In Bondlady’s Corner 

Iraqi News Saturday AM 4-10-21

TLM724 Administrator BondLady’s Corner

The Stability Of The Dollar Price In Conjunction With The Stock Market Halt

Time: 04/10/2021 10:28:20 Read: 4,823 times   (Baghdad: Al Furat News) The main stock exchange in the Al-Kifah and Al-Harithiya markets in the Iraqi capital, Baghdad, has stopped trading as a result of the comprehensive ban applied during Friday and Saturday.

The selling and buying prices witnessed stability in the exchange shops in the local markets, some of which opened their doors in Baghdad, where the selling price reached 147,500 Iraqi dinars, while the purchase prices reached 146,500 dinars per 100 US dollars.   And the Central Kifah Stock Exchange in Baghdad recorded at its last opening last Thursday, 147,200 Iraqi dinars against 100 US dollars, and Al-Harithiya Stock Exchange recorded 147,250 Iraqi dinars per 100 dollars.   LINK

Representative Economy: Three Reasons Behind The Failure Of Foreign Investment In Iraq

Economy   Saturday 10 April 2021 | 09:16 in the morning| Views: 35  A member of the Parliamentary Economic Committee, Nada Shaker Jawdat, confirmed that there are three reasons behind the failure of foreign investment in Iraq .

Shaker said that “investment in all its dimensions is very important to achieve qualitative leaps in all fields by investing the available resources and can create a large infrastructure for services,” indicating that “3 main reasons behind the failure of foreign investment in Iraq, the most prominent of which is the lack of a clear path in light of great corruption and weakness.” In the performance of the negotiator, who achieves the largest possible number of positive points . ”

Shaker added, “The Chinese agreement was in its general dimension an important factor in achieving a real renaissance in Iraq if it was initiated and seeking to create competitive opportunities with other countries that would benefit the country in all levels .”

She explained that “the investment will lead to absorb a large part of unemployment and thus will weaken crime and drugs and even divorce, because the dimensions of poverty and unemployment are very complex and its repercussions do not stop at a certain extent.”

A Deputy Reveals A Crowded Parliamentary Schedule During The Next Stage

Political   Saturday 10 April 2021 | 09:23 am| Views: 102    Member of Parliament Hoda Sajjad revealed, on Saturday, that the House of Representatives intends to legislate a number of laws regarding the relationship of the center with the governorates, as well as several interrogations .

“The council has several months until early elections are held, and it will legislate several laws related to the center’s relationship with the governorates, as well as laws related to investment and support for the industrial and agricultural sector, ” Sajjad said .

She added, “The remaining time for the council will be busy to pass all the relevant laws, as well as to initiate several interrogations to hold accountable any executive responsible for corruption .”

Sajjad pointed out that “the council does not work according to political whims and that all interrogations end with a vote on dismissal or not, which is the MP’s conviction away from all political pressures, and in the event of a corruption file, he will be sent directly to the judiciary.”

An Economic Specialist Calls For The Establishment Of A Higher Council For Import Instead Of Qualitative Decisions

Saturday 10, April 2021 12:53 | Economical Views: 243  Baghdad / NINA / Economic specialist Dergham Muhammad Ali called for the formation of a supreme council to regulate imports instead of qualitative decisions, to prevent the import of goods or to give licenses to import goods that harm the local market.

Muhammad Ali said in a statement to the Iraqi National News Agency ( NINA ): “The crisis of agricultural products that are prohibited to be imported and that enter through the Kurdistan region because it is not subject to the country’s federal laws and that its border outlets are not subject to state control, raises the arbitrary decisions related to preventing importation or legalizing it.”

He stressed the necessity of forming a supreme council of the ministries of agriculture, trade, industry, health, planning and finance, and representatives of the private sector to determine the mechanism of import, grant import licenses and open credits, and its meeting would be periodic to address any economic crisis or misuse of import prevention decisions under the terms of protecting the local product.

A promise to establish such a council would regulate the relationship between local need and import tolerances, and enable the state to support basic commodities.

The wave of high prices of foodstuffs, commodities and goods struck before the advent of the month of Ramadan, coinciding with the approval of the budget and the adoption of the exchange rate of the dollar.

The price increase was not limited to imported foodstuffs, but went beyond that to locally produced materials such as fish, poultry, eggs and vegetables, forcing the Ministry of Agriculture to announce permitting the import of 50 thousand tons of tomatoes and 50 thousand tons of chicken factories during the month of Ramadan to control the prices of those materials that They rose significantly, justifying the measure by saying that it came to protect consumers from rising prices. /

Daewoo Begins Its Work In The Port Of Faw And 200 Experts Will Arrive Soon

Economie| 09:55 – 10/04/2021    BAGHDAD – Mawazine News   The Korean company, Daewoo, has started a field survey of the five projects in the port of Al-Faw, to eliminate war remnants and explosives in preparation for the start of its work in the port.

MP Mudhar Al-Azirjawi, a member of the House of Representatives, said, “The work in Fao was started by a company specialized in clearing mines for the linking international road, and conducting a survey of the bottom of the Khor Al-Zubair Canal in order to prepare for the implementation of the submerged canal.”

He stated, “The company has also conducted depth surveys of the navigation channel and accelerated the pace of work on the three old projects.”

For his part, the official of relations and media at the ports, Bahaa Ismail, confirmed that “there are experts who will arrive in Basra and the Faw port project, after the company has submitted their names to the ministry, which number 200 experts, in addition to an agreement to bring the largest concrete poles hammer that the site will witness its arrival after less than 40.” Days. ”

Falling Oil Prices

Time: 04/09/2021 11:37:50 Read: 2,353 times   {Economic: Al Furat News} Oil prices fell today, Friday, as investors assess the rise in supplies of major producers and the impact of the Coronavirus pandemic on fuel demand.

By 07:31 GMT, Brent crude futures were down 0.2 percent to 63.08 dollars a barrel, while US West Texas Intermediate crude was at 59.59 dollars a barrel, down by a cent.

Both decades are on a track to record a two to three percent decline this week after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as “OPEC +”, agreed to gradually increase supplies by two million barrels per day between May and July 2021.

But analysts expect the decline in global oil inventories will continue, as demand for fuel will accelerate in the second half of this year as the global economic recovery gains momentum.

Fears arise that renewed general isolation measures in parts of the world to curb the rise in Covid-19 infections and problems with vaccinations may change the picture of oil demand.

A Member Of The Parliamentary Energy Calls For A Fundamental Review Of The Management Of The Oil File

Time: 04/10/2021 13:26:33 Read: 1,664 times   {Baghdad: Al Furat News} A member of the Parliamentary Oil and Energy Committee, Humam Al-Tamimi, called today, Saturday, to radically review the management of the oil file in the country, starting from the figures who address the higher positions in the ministry to the plans and programs prepared in this field.

“The monetary policy in Iraq, unfortunately, is a failed policy, and the oil file is managed by people who are unable to change reality for the better and invest natural resources in a way that maximizes the resources of the country,” Al-Tamimi said in a statement. Among the suspicions of corruption in the Ministry of Oil and in many oil fields and reservoirs, in addition to the suspension of many fields due to false excuses. ”

Al-Tamimi added, “Some political blocs hinder the interrogation of corrupt ministers or executives, and every political party adopts a minister and defends him and obstructs any procedures for his interrogation,” pointing out that “the quota system and unprofessional placement of inappropriate people in positions that do not concern them with the Ministry of Oil made it the duty The real thing of this ministry is being killed and the role of experts and specialists in managing the oil file in the country has been killed. ”

He stressed that “the rounds of licenses and contracts concluded with foreign companies and the legal and financial obligations they contained, it is difficult to change them without negotiations and in-depth dialogues that require the consent of the two parties, and we cannot oblige the second party to something outside the framework of contracts, which we believe that some of them contain sovereign guarantees.”  LINK

The arrival of the president of the Kurdistan region to Baghdad to meet the three presidencies

Time: 04/10/2021 12:18:03 Read: 2,249 times

(Baghdad: Al Furat News) A high-level delegation from the Kurdistan region, headed by Nechirvan Barzani, arrived in Baghdad today, Saturday, and will meet with the three presidencies and a number of leaders of political parties.

The Media Office of the Presidency of the Kurdistan Region stated, in a statement, a copy of which was received by {Euphrates News}, that “Nechirvan Barzani will meet, during his visit, with the Prime Minister, the President of the Republic, the Speaker of Parliament, the President of the Supreme Judicial Council and the Special Representative of the Secretary-General of the United Nations in Iraq and its leaders and senior political officials in the country. ”

According to the statement, Barzani will discuss with the Iraqi leaders and political parties the latest developments and the situation in Iraq, the Erbil-Baghdad relations, the situation in the region and the means of joint action and multi-faceted coordination in order to achieve security and stability in Iraq and the region.

Nechirvan Barzani announced in a press conference held in Paris that he “will visit Baghdad and discuss the content of the topics that he discussed with the French President with Prime Minister Mustafa Al-Kazemi and Iraqi President Barham Salih and the parties.”   LINK

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