Iraqi News Highlights Late Sunday Evening 8-27-23
Tlm724 Administrator Bondlady’s Corner
Iraq Ranks 45th In The Ranking Of The Most Powerful Countries In The World For The Year 2023
Iraq ranked 45th in the ranking of the most powerful countries in the world, while its strengths and weaknesses reached 83.9, while the United States maintained its position in the highest rank in terms of strength and influence for the year 2023, according to the annual ranking of CEOWORLD magazine.
According to the CEOWorld 2023 report, the most powerful countries in the world are those that shape global economic policies and dominate through seven main attributes: political stability, economic influence, defense budget, weapons, global alliances, soft power, and military power.
While some might argue that strength depends on a state’s political prowess or a strong military and defense system, these traits are what set states apart.
The three most powerful countries are the United States, China, and Russia, followed by India, the United Kingdom, and Japan. France and Germany come in directly at second place, while South Korea, Italy and Turkey round out the top ten. The bottom five countries in the ranking are Liberia, Somalia, Benin, Bhutan and Moldova. 2023-08-26 | 3,377 views Alsumaria News – Localities
https://www.alsumaria.tv/news/localnews/465830/العراق-بالمرتبة-45-في-تصنيف-أقوى-دول-العالم-لعام-2
Iraq Ranks 62nd Globally And 10th In The Arab World In Average Salaries During 2023
Economy Iraq breaking Countries of the world Average salaries 2023-08-26 22:41
Shafaq News/ Iraq ranked 62nd in the world and 10th in the Arab world in average salaries during the year 2023, according to CEOWORLD magazine.
In its report, which was seen by Shafaq News agency, the magazine said that it looked at the average monthly net salary (after taxes) around the world and compared incomes in some of the richest and poorest countries in 105 countries.
According to the magazine, “the highest average monthly salary was in Switzerland, where it amounted to 6,142 US dollars, and Singapore came in second place, with 4,350 US dollars, and Australia came third with 4,218 US dollars, and the United States of America came fourth with 3,721 US dollars, and the UAE came fifth.”
With 3663 dollars, Norway sixth with 3457 dollars, Canada seventh with 3338 dollars, Denmark eighth with 3294 dollars, Iceland ninth with 3237 dollars, and the Netherlands tenth with 3215 dollars, while the smallest average monthly salary was in Sri Lanka, which amounted to 143 dollars, followed by Pakistan. $163, followed by Nigeria with $166.
In the Arab world, according to the magazine, “the UAE came in the forefront with the highest average monthly salaries with 3663 dollars, followed by Qatar second with 3168 dollars, Saudi Arabia third with 1888 dollars, Kuwait came fourth with 1854 dollars, Bahrain fifth with 1728 dollars, Oman sixth with 1626 dollars, and Lebanon.” Seventh with $837, Palestine eighth with $778, Jordan ninth with $599,
Iraq ranked 62nd globally and tenth in the Arab world with an average monthly salary of $583, Morocco ranked 11th with an average of $385, Tunisia ranked 12th with $277, and Algeria ranked The 13th with 249 dollars, and Egypt ranked 14th with 219 dollars.
Parliamentary Committee: The Industrial Investment Law Will See The Light Soon
Information / Baghdad.. On Sunday, the deputy head of the Parliamentary Investment Committee, Susan Mansour, confirmed her committee’s intention to pass the industrial investment law during the next stage, noting that “there are 100,000 industrial licenses in Baghdad.”
Mansour said in an interview with Al-Maalouma Agency, “One problem in the law is the ownership of lands located within the basic design in Baghdad.” She added that “the industrial investment law will soon see the light,” noting that
“her committee is one of the strongest supporters of investment of all kinds, provided that the state lands are not exploited.”
Mansour pointed out, “The reason for the investment committee’s refusal to legislate the law is that the lands are state assets, and we have demanded that they be owned outside the basic design of Baghdad.”
The Parliamentary Industry, Economy and Trade Committee had confirmed, earlier, the importance of enacting the industrial investment law during the upcoming sessions. End / 25 h
https://almaalomah.me/news/economy/لجنة-نيابية:-قانون-الاستثمار-الصناعي-سيرى-النور-قريبا
The Private Sector And Its Potential Role
Economical 2023/08/28 Abdul Zahra Muhammad Al-Hindawi On the far horizon, a light appears for a slow-moving vehicle, because it carries a lot of loads, which make its movement slow,
in addition to the many bumps that fill that road, and when that vehicle approaches, after a tedious wait for its arrival, it turns out that it is the vehicle of the Iraqi private sector, this sector We demand a lot from him, without giving him anything.
For twenty years, talk about the private sector was at the forefront of the councils dealing with economic files, and this sector has become like fish (eaten and blameworthy).
About a free economy, without restrictions, but it seems clear that the socialist mentality still dominates many of the decision-making minds, and
perhaps one of the problems caused by the constitution to the private sector is that it does not specify a clear identity for the Iraqi economy, as it did not clarify whether this economy socialist, free, or mixed.
Therefore, a situation like this confused the economy and led to more wear and tear of the various development sectors.
This allowed the public sector to more dominate the development scene as a whole, (plans and implements), and
this was the reason for the growth of a parasitic private sector that was unable to truly participate in development, and this matter also caused the growth of corruption by striking many public joints.
Foiling A Scheme Similar To Theft Of The Century In Maysan
The first 2023/08/28 Baghdad: morning The Federal Integrity Commission thwarted a scheme similar to the theft of the century case, after it detected that tax secretariat statements were not sent to the Maysan Treasury Directorate. For the purpose of matching and restricting it as a final revenue for the state.
The authority stated in a statement that “the team of the Maysan Investigation Office, which moved to the General Authority for Taxes in the governorate, revealed that the authority had not sent the statements of tax secretariats for the years (2015-2017) totaling (2,521,000,000) two billion, five hundred and twenty-one million dinars to the Treasury Directorate.”
Maysan, for the purpose of matching and obtaining a final revenue for the state. And she explained that “the General Tax Authority did not prepare the statements, despite the passage of five years, and the amounts were not recorded as final revenue for the state, in clear violation of Federal Financial Management Law No. (6 of 2019).
In October 2022, a case dubbed the theft of the century was revealed for the first time, after the seizure of $ 2.5 billion in tax secretariat funds, involving former senior officials and businessmen.
According to the General Tax Authority, the seizure was from the government-run Al-Rafidain Bank by 5 Iraqi private companies, between September 2021 and August 2022.
The tax secretariat account belongs to the General Authority for Taxes, but the funds were stolen by cashing checks and withdrawing them in cash from the branches of the state-owned Rafidain Bank, which maintains the tax deposit accounts of the General Authority for Taxes. https://alsabaah.iq/83265-.html
The Future Of Government Banking
Economical 2023/08/27 Muhammad Sharif Abu Maysam The decision to merge banks, “including government ones”, that are unable to raise the value of their capital to no less than 400 billion dinars within a maximum period of 12/31/2024 was not surprising, as
it was mentioned in the economic reform paper or the so-called white paper that approved In October 2020, in Seventh – the second axis – first – qualifying the financial sectors, a text stating “addressing the level of capital of all government banks, and organizing the process of increasing their capital if necessary.”
As stated in it with regard to the financial and administrative restructuring of government banks in preparation for the merger, since some of these banks suffer from financial imbalances resulting from high rates of suspensions and uncollectible debts, in addition to being late in the axis of introducing technologies and automating banking operations.
Since then, all possibilities have become available regarding the future of government banks, and we are in the process of preparing for a new banking reality that is in line with the scene of the market economy, in addition to what was said about replacing the private banking sector with the government banking sector in the task of managing the development process under the conditions of economic reform.
This matter was not hidden from some observers and some workers in the banking sector, according to what was stated in the same paper regarding the privatization or liquidation of loss-making public companies, which makes government banks, as public companies, candidates for privatization if they are losing.
This means that the banking sector will witness a new transition, paving the way for the transition of government banks to the market under the economic reform program that the country was committed to, according to the conditions of indebtedness and integration with the economy led by the institutions of globalization.
However, what is important in this matter is to give an opportunity to government banks whose departments achieve success and growth before the merger, through the independence of their boards of directors and their exit from the routine routine performance and liberation from bureaucratic restrictions under the pretext of complying with instructions and orders, especially those instructions and orders that are not productive, and
thus maximizing the role of successful departments To be a building block for the foundation of partnership between the public and the private, and
we are in the process of strengthening the state’s support in the scene of market liberalism, in which globalization capitalists are trying to replace their authority with the authority of the state, and it is also important to adopt a mechanism that does not overlook the small details in the stages of integration.
A legal system that regulates the transition process and prevents the “comrador” class from taking over the state banking sector, as in the experiences of developing countries that witnessed such a transformation. https://alsabaah.iq/83172-.html
