Iraqi News Highlights Monday Evening 11-7-22
Tlm724 Administrator Bondlady’s Corner
More Than 6 Billion Dinars .. The Shares Of The Iraqi Market Traded Last Week
Monday 07, November 2022 10:33 | EconomicNumber of readings: 278
Baghdad / NINA / – The Iraqi Stock Exchange announced today, Monday, the trading of shares with a financial value of more than 6 billion dinars during the past week.
The market stated in a report that “the number of companies whose shares were traded during the past week amounted to 59 joint-stock companies, while the shares of 41 companies were not traded due to the lack of convergence of the prices of purchase orders with sales orders, while 3 companies continue to be suspended for not providing disclosure out of 103 companies listed in the market.”
He added, “The number of traded shares amounted to 17 billion and 575 million and 877 thousand shares, an increase of 235% compared to the previous week, with a financial value of 6 billion and 805 million and 295 thousand dinars, an increase of 10% compared to the previous week, through the implementation of 2862 deals.” That “ISX60 traded price index closed at 584.71 points, recording a decrease of 1.43% from its closing in the previous session.”
He pointed out that “the number of shares purchased from non-Iraqi investors for the past week amounted to 103 million shares, with a financial value of 196 million dinars, through the implementation of 146 deals, while the number of shares sold from non-Iraqi investors reached 108 million shares, with a financial value of 216 million dinars, through the implementation of 178 deals.”/ Finished LINK
Assigning A Financial Advisor To Supervise The Work Of Government Banks
Monday 07, November 2022 12:19 | Economic Number of readings: 299 Baghdad / NINA / – The Minister of Finance, Taif Hassan, assigned, today, Monday, the Ministry’s advisor, Abdul Hassan Jamal, to supervise the work of government banks.
And an official letter stated: “Based on the powers entrusted to us, we have instructed Abdul Hassan Jamal, the financial advisor to the ministry, to follow up on all the work of banks and their branches, to provide visions on the issue of their structure and automation, to identify weaknesses, find solutions, express a clear and frank opinion, and monitor the work of those banks.”/ End 8
The Central Bank decides to stop dealing with four private banks in dollars
Monday 07, November 2022 14:02 | Economic Number of readings: 270 Baghdad / NINA / – The Central Bank of Iraq decided to stop dealing with four private banks in the dollar currency for auditing purposes./ Ended 9 LINK
Dollar Exchange Rates Against The Dinar
Economie| 10:43 – 07/11/2022 Baghdad – Mawazine News, the dollar exchange rates stabilized, today, Monday, on the local stock exchange. Selling price: 147.000 dinars per $100 purchase price: 146.900 dinars per $100 LINK
Parliamentary Committee: Activating the Single Window Department will rid the investor of blackmail
Economie| 10:30 – 07/11/2022 Baghdad – Mawazine News The Parliamentary Investment and Development Committee called, on Monday, to activate the Single Window Department to ensure an attractive environment for investment away from blackmail.
Committee member Hussein Al-Sabri said in an interview with the official newspaper, “The single window department concerned with issuing investment certificates actually exists, but it is not activated,” adding that “if it is activated, the investor will get rid of the extortion he is subjected to by the departments that he must review to complete his work.” “.
And he continued, “If this section is activated, this will create real competition among investors, and thus Iraq will turn into an attractive environment for sober companies,” expressing optimism “in the future of investment in Iraq, especially after Prime Minister Muhammad Shia Al-Sudani emphasized the role of investment and the need to support the sector.” private sector, thus contributing to the advancement of the agricultural and industrial sectors, as well as providing job opportunities for young people.
Al-Sabri explained, “The investment will open the way to benefit from the money in the country in order to move the economy and exploit it in important sectors such as housing, which has formed a crisis recently, and the industry that needs great development and modern mechanization, and the same is true in all sectors.” Ended 29/N33 LINK
Finance Minister: We Intend To Implement The Electronic Data System In The Customs Authority
Economie| 07:29 – 07/11/2022 Baghdad – Mawazine News, Minister of Finance Taif Sami confirmed, on Monday, that the ministry is determined to implement the electronic customs data system (ASYCUDA) in the General Authority of Customs.
The ministry stated in a statement that Mawazine News received a copy of it, that “Sami held an extensive meeting regarding the follow-up to the implementation of the phases of the automation project for the customs and tax sectors, in the presence of the Director-General of the Information Technology Department in the ministry, in addition to the assistant directors-general of the customs and tax authorities.”
The Minister of Finance said during the meeting, that “the completion of the automation project will contribute to the development of customs departments and improve their performance, through the adoption of a single window, modernization of collection systems and the provision of a solid database, which in turn will achieve effective management as well as achieving financial sustainability and diversifying the economy in accordance with the principles of integrity, transparency and anti-corruption.” “.
She added, “The ministry seeks to turn customs departments into important sources to support the state treasury after oil revenues.”
She indicated, “The ministry is determined to implement the electronic customs data system (ASYCUDA) in the General Customs Authority, as a result of the efforts of meetings and continuous meetings with representatives of the technical and procedural team, the United Nations Conference on Trade and Development in support of the project.” https://www.mawazin.net/Details.aspx?jimare=210535
The Minister Of Finance Confirms The Implementation Of The Electronic Customs Data System
Today 20:57 Information / Baghdad… Finance Minister Taif Samy confirmed on Monday her intention to implement the electronic customs data system at the General Authority of Customs.
The ministry’s Media Office said in a statement that
“Finance Minister Taif Sami held an extensive meeting today on following up the implementation of the stages of the automation project for the Customs and tax sectors, in the presence of the director general of the Information Technology Department at the ministry, in addition to the assistant directors general of the Customs and tax authorities. Sami stressed during the meeting that
“the completion of the automation project will contribute to the development of customs departments and improve their performance,
through the adoption of a single window, the modernization of collection systems and the provision of a sober database,
which in turn will achieve effective management as well as achieve financial sustainability and diversification of the economy in accordance with the principles of integrity, transparency and anti-corruption”.
She added that ” the ministry seeks to turn customs departments into important sources to support the state treasury after oil revenues,” noting that
“the ministry is determined to apply the electronic customs data system (Asycuda )ASYCUDA at the General Authority of customs as a result of the efforts of continuous meetings and meetings with representatives of the technical and procedural team of the United Nations conference on trade and development supporting the project.
https://almaalomah.me/news/politics/وزيرة-المالية-تؤكد-مضيها-بتطبيق-نظام-البيانات-الجمركية-الإلك
The Central Bank Decides To Stop Dealing With 4 Private Banks In The Dollar Currency (Document)
Monday, 7 November 2022 1: 05 pm Baghdad/National News Center The Central Bank of Iraq issued, on Monday, a circular to all authorized banks and non-banking financial institutions.
The bank confirmed in a letter obtained by the national news center that “for audit purposes, it was decided to stop dealing in the US dollar currency for the banks listed below, although it is permissible to deal with them in other currencies”.
Partial Approximate Translation –
“For defensive reasons, it is approved to stop dealing in the US dollar currency for the banks listed below with the permissibility of begging
Denominated in other currencies’
١ Al-absari Islamic Bank for investment and finance.
!= Al Qabas Islamic growth and investment bank.
7 Asia-Iraq Islamic Bank for investment and finance.
4-Middle East Iraqi investment bank.”
There Have Been Government Complaints Against Him For 8 Years.. Sudanese Demands To Take Action Against “United Bank” (documents)
408 policy 2022/11/07 20:45 Baghdad today-Baghdad Over the past few days, a number of sanctions and legal measures have been implemented against many institutions, including controversial banks, while all of these measures have been “abandoned and postponed” for years for unknown reasons.
In conjunction with the issuance of decisions and legal proceedings against 4 banks as well as the director of investigations at the integrity commission, documents issued last October showed that the Companies Registration Department at the Ministry of Commerce made a decision to reserve the shares of the United investment bank, as well as shareholder shares in 14 other companies and banks.
According to the documents obtained by (Baghdad today), there are 37 books and requests for reservations issued by various government agencies since 2014 until this year, which raises the surprise that the bank has continued its work for 8 years and so far despite the indicators and government books demanding to reserve its shares.
Those interested in the Iraqi issue called on the government of Mohammed Shia al-Sudani to hold those in charge of the bank accountable and disclose the files accused of it, which prompted the issuance of these letters by various government agencies to seize its shares over the past 8 years, especially with the measures that have recently begun to be taken against “suspicious” banks, and in application of Sudanese pledges and promises to fight corruption.
To read more current and reliable Iraqi news please visit BondLady’s Corner:
https://www.bondladyscorner.com/
