Iraqi News Highlights Early Thursday Evening 11-17-22
Tlm724 Administrator Bondlady’s Corner
The Decline In The Exchange Rates Of The Dollar In The Iraqi Markets
Economie| 12:25 – 11/17/2022 Baghdad – Mawazine News The exchange rates of the US dollar against the Iraqi dinar decreased slightly, today, Thursday, on the main stock exchange in the capital, Baghdad.
And the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded 148,400 Iraqi dinars for 100 US dollars this morning. While the selling prices in the local markets were 148,750 Iraqi dinars for every 100 US dollars, while the buying prices were 147,750 Iraqi dinars for every 100 US dollars.
https://www.mawazin.net/Details.aspx?jimare=211533
Integrity Carries Out Control Operations In The Tax Departments In Salah Al-Din And Wasit
Political | 02:17 – 11/17/2022 Baghdad – Mawazine News The Investigation Department of the Federal Integrity Commission announced, on Thursday, that its staff in the Salah al-Din and Wasit governorates have carried out three seizure operations in the tax departments in the two governorates.
The department stated, in a statement received by Mawazine News, that “the staff of the Commission’s investigation office in Salah al-Din managed to seize 5 suspects in the tax department in the governorate, for not preparing proper and correct statements to estimate the true value of commercial real estate located in the Zuhur and Arbaeen neighborhoods in the city of Tikrit.” ,
confirming that “two records related to the valuation of real estate were seized, in which the value of real estate was fixed at less than the prevailing prices, which led to damage to public money.”
She added, “The staff of the office carried out a separate operation during which the officials of the Land and Calculator Divisions in the Salahuddin Tax Department were arrested for carrying out (14) real estate transactions, contrary to the instructions and controls and without the presence of the concerned persons,” noting that “the transactions were seized in the possession of a lawyer who He promoted it without authorization or power of attorney.
And in Wasit, the department confirmed that “tampering was detected in the file of one of the taxpayers in the General Authority for Taxes – Wasit branch, noting that the amounts of the tax fee were calculated at an amount less than decided according to the rules for calculating the profession fee for the years (2015-2021); which resulted in waste With public money, the amount amounted to (49,000,000) million dinars. LINK
SOMO: Iraq Currently Produces 4,650,000 Barrels Per Day Of Crude Oil
Today, Wednesday, the Oil Marketing Company (SOMO) determined the current volume of Iraq’s total oil production, and while it revealed plans to compensate for the production cut, it indicated that it is seeking to raise the ceiling of oil exports.
The Iraqi News Agency quoted the company’s director, Alaa al-Yasiri, as saying, “Iraq currently produces 4 million and 650 thousand barrels per day of crude oil, including the shares of the federal government and the Kurdistan region,” noting that “Iraq is the second largest producer in OPEC after Saudi Arabia, and it has its weight.” major energy market.
Al-Yasiri added, “Given the economic repercussions in which the world is living after the Corona pandemic, represented by the sharp rise in inflation rates, the increase in interest rates for global central banks, and the rise in unemployment rates, the OPEC + decision came to reduce production by two million barrels per day, as a preemptive solution to any path that might happen.” lead to an imbalance in supply and demand or push towards an economic recession.
He pointed out that “the rates of reduction agreed upon by OPEC + were distributed unanimously to the reference production rates of the member states, and countries with high production rates such as Saudi Arabia and Russia received the largest share of the reduction, followed by countries with lower rates, respectively.”
He pointed out that “the Ministry of Oil’s plan confirms commitment to the production ceiling specified for Iraq by maintaining the current rates of export and consumption of refineries, and benefiting from the maintenance period of electric power stations, on the basis of which the withdrawal rates of crude oil will be automatically reduced to operate those stations.”
And he continued, “The Ministry of Oil seeks to increase production rates and raise the ceiling of exports, in accordance with the requirements of the global market for crude oil and the decisions of OPEC,” pointing out that “a delegation headed by the Deputy Prime Minister and Minister of Oil will attend the ministerial meeting on the fourth of December for the current year.” To discuss developments in the energy market and to find continuous cooperation mechanisms to maintain the stability of the oil market. https://www.radionawa.com/all-detail.aspx?jimare=32187
Oil Is Affected By Corona Injuries And Is Down 1%
Economie| 08:51 – 11/17/2022 Follow-up – Mawazine News Oil prices fell for the second day in early Asian trading by more than 1%, today, Thursday, with the decline in concerns about geopolitical tensions and the increase in the number of cases of Corona virus infection in China, which increased demand concerns in the largest importer of crude in the world.
Brent crude futures fell 96 cents, or 1.03 percent, to $91.90 a barrel by 04:17 GMT. US West Texas Intermediate crude futures fell 1.12 cents, or 1.31%, to $84.47 a barrel.
Brent fell 1.1% and WTI fell 1.5% on Wednesday after the resumption of Russian oil shipments through the Druzhba pipeline to Hungary.
Crude Oil fell after de-escalating geopolitical tensions between Russia and NATO after it emerged that the missile attack on Poland did not originate from Russia, while demand concerns (returned) to the focus of traders amid China’s current COVID restrictions and gloomy global economic outlook.
The Energy Information Administration said on Wednesday that crude stocks in the United States, the largest oil consumer in the world, fell by 5.4 million barrels in the week ending November 11, to 435.4 million barrels. Ended 29/M99 LINK
Al-Sudani Directs All Ministries To Expedite The Completion Of The Requirements Of The Government Program
Political | 03:42 – 11/17/2022 Baghdad – Mawazine News The General Secretariat of the Council of Ministers confirmed, on Thursday, that Prime Minister Muhammad Shia’a Al-Sudani directed to expedite the completion of the requirements of the government program.
Haider Majeed, a spokesman for the General Secretariat of the Council of Ministers, said, “The Prime Minister, Muhammad Shia’a al-Sudani, directed all ministries to complete the requirements of the government program according to the standard form on Thursday, November 17, at the latest.”
He explained, “The directive included adherence to the timings indicated in the schedule of paragraphs for preparing and following up the government program, and continuous coordination between the sub-teams and the Department of Government Coordination and Citizens Affairs in the General Secretariat of the Council of Ministers, as it represents the secretariat of the main team.” Ended 29 / h
Federal Integrity Constitutes A Supreme Commission To Investigate Major Corruption Cases
Posted On2022-11-17 By Sotaliraq The Federal Integrity Commission announced, on Wednesday, the formation of a supreme commission; To investigate major and important corruption cases filed in the commission’s investigation directorates and offices in Baghdad and the provinces, and the cases referred to it.
The commission confirmed that its president, Judge Haidar Hanoun, issued a ministerial order to establish the “Higher Commission for Combating Corruption.” To investigate major and important corruption cases, pointing out that the commission formed, which is chaired by the head of the Integrity Commission, includes in its membership the directors of the investigation and recovery departments in the commission, in addition to a group of its investigators who are chosen by the president of the commission “subject to change.” The commission may seek the help of investigators and administrators from among its employees.
And she continued, explaining that the formation of this commission comes from the duty of the Integrity Commission to prevent and combat corruption in the easiest and fastest way available by law, and from the importance of completing the investigation of corruption cases stipulated in its law, especially major and important corruption cases, and within the specified time limit, pointing out that this aims To reduce corruption, reduce its paths, prevent its continuation, and punish its perpetrators, in line with the importance and size of these cases, noting that the formation of the commission comes in accordance with the provisions of Article (3 / Seventh) of the law.
It is noteworthy that Article (3/Seventh) of the Commission’s Law stipulates that it works to contribute to preventing and combating corruption through, inter alia: “Carrying out any work that contributes to combating or preventing corruption, under two conditions:- A- that this work is necessary and pours into combating corruption.” Corruption or its prevention, b- It must be effective and appropriate to achieve the objectives of the Commission. LINK
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