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More Iraqi News and Highlights Wednesday PM 8-12-20

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The Iraq Financial Market Closes Down By (0.92%)

Time: 08/12/2020 16:16:15 Read: 403 times  {Baghdad: Al Furat News} The Iraqi financial market closed, on Wednesday, down by (0.92%) from the previous session.

The indicators for trading in the Iraq Stock Exchange for today were as follows:

  1. The number of shares traded reached (1,475,579,817) shares.
  2. The value of shares (1,528,554,049) dinars.
  3. The ISX 60 price index closed in today’s session at (465.93) points, down by (0.92%) than its previous session’s close of (470.24) points.
  4. Trading in shares of (32) companies out of (105) companies listed in the market.
  5. The number of companies suspended by a decision of the Securities Commission for failing to comply with the instructions for financial disclosure is (23) companies.
  6. The number of shares purchased from non-Iraqi investors in the regular market reached (292) million shares, at a value of (293) million dinars, through the implementation of (82) deals on shares of two companies.
  7. The number of shares sold by non-Iraqi investors in the regular market reached (52) million shares, at a value of (116) million dinars, through the implementation of (56) transactions on shares of (5) companies. LINK

Integrity Calls On State Institutions To Stop The Salaries Of Those Who Abstain From Disclosing Their Financial Debts

Time: 08/12/2020 13:44:06 Read: 2,015 times  {Baghdad: Al Furat News} The Prevention Department in the Federal Integrity Commission called on all state institutions to stop paying the salaries of those charged with disclosing their financial liabilities, in the event that they did not submit the relevant form within the period stipulated by law.

The department stated that it is necessary to stop the payment of the salaries and allowances of the taxpayers (in origin or agency) in the event that they do not disclose their financial receivables for the year 2020 during the legal period specified by Article (17) / first of the amended Integrity and Graft Law No. (30) of 2011, pointing to The importance of notifying the Authority of the suspension decision if it is issued by the concerned institutions.

The department warned that Article (17) / First of the law obligated the taxpayer to submit the form within a period of (90) days from the date of his assumption of the position or position and the date of termination of his relationship with them, in addition to submitting the annual form during the month of January of each year.

She pointed out that Article (18) / Second of the law stipulates (The retirement pension shall not be disbursed unless the submission of the form supports the submission of the form), while Article III obliges the entity to which the person assigned is affiliated to provide the Authority with the names of the taxpayers and the changes that occur to their positions and jobs within thirty days from the date of The emergence of these variables.

It should be noted that the authority had notified state institutions of the necessity to stop the salaries and allocations of the taxpayers (in origin or agency) in the event that they did not submit a statement of their financial receivables for the year 2020, and to demand that these institutions provide them with lists of names and positions covered by filling out the disclosure form and the variables that occur from the transfer Retirement or exemption; Based on the provisions of Article (18) / Clause Three of the Commission’s Law.   LINK

High Exchange Rates In The Kifah Stock Exchange And Its Stability In The Local Markets

Market  Economy News – Baghdad  The exchange rate of the dollar rose, on Wednesday, in the Al-Kifah Stock Exchange, while it stabilized in the local markets.

The prices of the Kifah Stock Exchange – Baghdad recorded 123,600 dinars per 100 dollars.

On Tuesday, the Kifah Stock Exchange recorded 123,500 dinars per 100 dollars.

Selling and buying prices in banking shops:

The selling price of the dollar = 124,000 dinars.

The purchase price of the dollar = 123,000 dinars.

Number of observations 41 Date added 08/12/2020  https://economy-news.net/content.php?id=21399

Telecom Plans To Cut Internet Tariffs Early Next Month

Money  and business  Economy News – Baghdad  Communications Minister Arkan Shihab revealed, on Wednesday, that there are ongoing meetings with companies to change the new Internet price early next month.

Shihab said in a statement reported by the official “INA” news agency and seen by Al-Iqtisad News, “The shock operations continue to work until the smuggling of Internet capacity is eliminated, stressing that the ministry has marketed Internet capacity in Nineveh, worth two billion per month.”

He added that “there is a tendency to cancel the weaker subscriptions of Internet service subscribers without the citizen charging additional sums.”

Shihab pointed out that “the ministry sent a direct invitation to five companies in the world,” pointing to “the announcement of the Japanese loan, which has been suspended, despite its completion since 2017.”

He continued, “The Japanese loan contains 150,000 landlines + Internet (Fiber), indicating that” the Internet service will see an improvement at the end of this year at 150,000 homes in different areas of the capital, Baghdad.

Shehab stated that “there are continuous meetings with companies to change the new pricing next month.”

Number of observations 43 Date of addendum 08/12/2020  https://economy-news.net/content.php?id=21403

The Ministry Of Finance Approves The Opening Of A Government Bank Inside The Arar Border Crossing

Money  and business  Economy News _ Baghdad  A high-ranking source in the Anbar local government announced, on Tuesday, the approval of the Finance Ministry to open a government bank inside the Arar border crossing with Saudi Arabia, west of Anbar.

“The Ministry of Finance agreed to open a government bank inside the building of the Arar border crossing with Saudi Arabia, west of Anbar, as part of the measures taken to reopen the port during the next few days,” the source said in a press interview.

The source, who preferred not to be named, added, “The local government in Anbar, in cooperation with the security forces, provided all requirements for security protection measures for the building, indicating that” the opening of the bank coincided with the arrival of a committee from the Border Ports Authority to ensure that the port was prepared and all procedures were completed. Remaining ”  Number of observations 50 Date added 08/12/2020  https://economy-news.net/content.php?id=21400

Iraq Ranks 110th In The Happiness Index For 2020

Reports  Economy News _ Baghdad  Iraq ranked 110th in the happiness index for the year 2020, according to the “Global Finance” magazine, which classifies the countries of the world.

According to the statistic published by the magazine on its website and seen by “Al-Eqtisad News”, “Iraq ranked 110th out of 153 countries listed in the table, and the eighth in the Arab world after each of the UAE, Saudi Arabia, Bahrain, Kuwait, Libya, Morocco and Algeria, while Lebanon, Jordan, Tunisia and Mauritania came after Iraq.” Egypt and Yemen. ”

She added, “Finland ranked first for the third year in a row in the happiest country in the world, followed by Denmark, then ranked third in Switzerland, and then Iceland came fourth,” while Afghanistan ranked first and ranked 153rd, followed by South Sudan and Zimbabwe, respectively.

The magazine pointed out that, “in its classification, it depended on several trends, including freedom to make life choices, confidence towards social and political institutions, healthy life expectancy, the level of support available from friends and relatives in times of need and generosity as a feeling of positive community participation.”

Number of observations 18 Date of addendum 08/12/2020  https://economy-news.net/content.php?id=21401

Oil Is Rising After A Larger Than Expected Decline In US Inventories

Wednesday 12, August 2020 12:08 | EconomicalViews: 33  Baghdad / NINA / Oil prices rose today, Wednesday, after a report of an interruption showed that US crude stocks fell by more than analysts’ expectations.

Brent crude rose 52 cents, or 1.2 percent, to $ 45.02 a barrel, after falling nearly 1 percent on Tuesday.

U.S. West Texas Intermediate crude rose 49 cents, or 1.2 percent, to $ 42.10 a barrel, after falling 0.8 percent in the previous session.

The American Petroleum Institute said on Tuesday that crude inventories fell by 4 million barrels last week, more than analysts had expected for a decrease of 2.9 million barrels. Official government statements are due to be released later on Wednesday.

http://ninanews.com/Website/News/Details?key=849338

Happy Oil News For Iraq

Editing date: 12/8/2020 14:25 • 62 times read  [Iraq-Where ] OPEC announced, on Wednesday, that the daily oil basket price recorded an increase of 45.21 dollars per barrel.

The organization said in a statement. The price increased from the previous day, which amounted to $ 45.01, according to the accounts of the OPEC secretariat. ”

The reference basket of the Organization of Petroleum Exporting Countries (OPEC) consists of the following: Sahara Blend (Algeria), Gerasul (Angola), Orient (Ecuador), and Zafiro (Guinea) Equatoria), Rabi Lit (Gabon), Iran Iran), Basra Litt (Iraq), Kuwait Export (Kuwait), S Cedar (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Morban (United Arab Emirates) ) And Miri (Venezuela).   http://www.alliraqnews.com/modules/news/article.php?storyid=97978

The Central Bank Issues A Decision Regarding The Final Accounts Of Electronic Payment Companies

Editing date: 12/8/2020 14:04 • 58 times read  The Central Bank of Iraq decided, on Wednesday, to extend the delivery of final accounts to electronic payment companies.

The bank said in a statement. It was decided to extend the time period to provide us with final accounts for a maximum period of August 31, 2020.

He added, “The extension of the period comes due to the circumstances the country is going through, with the outbreak of the Coronavirus and the difficulty of communicating with the auditor.”

The Central Bank of Iraq was established as an independent bank under its law issued on the sixth of March of the year 2004, as an independent body, and it is responsible for maintaining

price stability and implementing monetary policy, and supervises 10 commercial banks, 26 private banks and 16 Islamic banks, in addition to 19 foreign banks, as well. About 6 financial institutions and 31 money transfer companies. http://www.alliraqnews.com/modules/news/article.php?storyid=97972

The Ministry Of Finance Forms A Committee To Prepare The 2021 Budget

Author: Ahad5 On 12/8/2020 – 4:54 PM 43  The Ministry of Finance forms a committee to prepare the 2021 budget https://alahadnews.net/96611/%d8%b9%d8%a7%d8%ac%d9%84/

Erbil Surpasses Baghdad In Terms Of The Most Expensive Cities In The World

16:13 – 12/08/2020  Information / follow-up.  “Numbeo” website, which deals with the standard of living of the countries of the world, reported that Erbil, the capital of the Kurdistan region, ranked 329th among the global cities in terms of the cost of living, and the Iraqi capital Baghdad ranked 335th.

According to the latest update during the month of August of 2020, the report stated that the classification included 514 cities listed in the table, and the cost of living index in Erbil showed a score of 41.76 out of 150 degrees.

“The Swiss city of Zurich ranked first among the cities, with the cost of living index reaching 131.49 degrees, followed by the Swiss city of Lugano, and then the Swiss city of Basel came third.”

She added, “The capital, Baghdad, ranked 335, with the cost of living index reaching 40.96 degrees, while the Indian city of Thiruvananthapuram came to the top with an index of 19.85 degrees.” 25 S.

https://www.almaalomah.com/2020/08/12/489650/

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