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More Iraqi News Tuesday PM 9-15-20

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The High Exchange Rates Of The Dollar In The Local Markets

Market   Economy News _ Baghdad  The exchange rate of the dollar rose in the main stock markets, while it stabilized in local markets today, Tuesday (September 15, 2020).

The Kifah Stock Exchange recorded 123,350 dinars compared to 100 dollars, while the stock exchange yesterday recorded 123,200 dinars per 100 dollars.

Selling prices in the exchange shops in the local markets in Baghdad:

The selling price: 123,750 dinars per 100 dollars.  Purchase price: 122.750 dinars per 100 dollars.

Number of observations 150 Date added 09/15/2020

Moody’s: Iraq Will Witness A Significant Decline In Financial Revenues

Money  and business   Economy News _ Baghdad   A report issued by the credit rating agency Moody’s stated that a number of countries in emerging markets and below, such as Iraq, Kuwait, Ecuador and Cambodia, which depend to varying degrees on goods or tourism, are likely to witness large annual decreases in financial revenues.

In its report, the agency stated that the sharp recovery in global financial markets, following a period of unprecedented turmoil, preceded the stability of production or low rates of infection with the Coronavirus in many emerging and frontier market economies.

He indicated that while a set of political responses supported the return of risk appetite, and what appears to have been successful in avoiding a complete global financial crisis, many economies will start their recovery with greater financial and external weaknesses.

According to the report, the unprecedented economic shock hit the low-rated governments more strongly, which led to widening financial and external imbalances, at a time when emerging and sub-emerging markets witnessed an economic shock through multiple channels that included lower export values, as a result of lower commodity prices, Weak tourism and reduced global demand, in addition to fluctuations in non-resident capital flows, indicating that the macroeconomic pressures added to other tensions at the financial and external levels.

In severe cases, liquidity pressures increased towards serious stress or a deficit, at a time when the agency clarified that some governments in emerging and sub-emerging markets have benefited from emergency financing, as the large financial support by international financial institutions and the formal sector has enabled financing of financial and external gaps. partially.

The agency indicated that governments with a low sovereign rating, which overcome the crisis without defaulting in payment, will continue to face major challenges during the recovery phase, with global capital flows remaining volatile, likely to impede investment, thereby limiting job creation and consumption. .

The agency stated that the unequal economic recovery and weak financial and external conditions will create permanent credit challenges for many countries, even after the return of global economic conditions to normal.

Number of observations 97 Date added: 09/15/2020

Capital Bank Intends To Acquire Branches Of Bank Audi In Iraq And Jordan

Monday 14, September 2020 21:52 | EconomicalViews: 172

Amman / NINA / Capital Bank operating in the Jordanian and Iraqi markets has signed a non-binding and exclusive agreement / letter of intent to acquire the banking business of the branches of the Lebanese Bank Audi in Iraq and Jordan and purchase its assets and liabilities.

Capital Bank stated in a statement sent to the Jordan Securities Commission today that it obtained the initial approval for the acquisition from the Central Bank of Jordan and the Central Bank of Iraq.

According to the disclosure, Capital Bank will prepare a “negligent” study of all aspects related to the deal, and following the results of that study, the Securities Commission will be informed of the developments and developments.

The CEO of Capital Bank, Dawood Al Ghoul, confirmed that the bank seeks to search for the best opportunities to enhance its position in the Jordanian and Iraqi markets, and to enhance the balance of its shareholders, explaining that the intention to acquire the banking business of Bank Audi in Jordan and Iraq will reflect positively on the shareholders.

Capital Bank provides its services in the Iraqi market through its ownership of about 72% of the capital of the National Bank of Iraq, which amounts to $ 210 million, in addition to contributing to its administrative control rights, to be the only Jordanian bank that serves in the markets of Jordan and Iraq together. / End

Baghdad: Big Corrupt Heads Will Soon Be Overthrown

September 14, 2020418   Baghdad – Sulaymaniyah – Abdul Hussain Ghazal – time

Mustafa   Al-Kazemi, Prime Minister, decided to terminate the mandate of the administrative and financial agent of the Ministry of Interior, and to assign Hussein Hassab Abd Al-Hussein assumed the duties of the position and also   made changes to high-ranking positions in the state, as Mustafa Ghaleb appointed a terrifying writers governor.

Of the Central Bank, and Soha Dawood Elias Al-Najjar as Chairman of the National Investment Authority, and Salem Jawad Abdel-Hadi Al-Chalabi as Bank Director Al-Iraqi Government Trade ( TBI ), and Faisal Al-Humais as Chairman of the Securities Commission.

The changes also included the appointment of Engineer Manhal Aziz Raouf Al Haboubi as Secretary of Baghdad, and Sheikh Sami Al Masoudi as Chairman of the Hajj and Umrah, and Alaa Jawad Hamid as Chairman of the Integrity Commission, which is concerned with prosecuting corruption.

Since the formation of the Al-Kazemi government last May, it has made sweeping changes at the level of state officials Especially security leaders and administrative officials.

On Monday, Ahmed Mulla Talal, a spokesman for Iraqi Prime Minister Mustafa Al-Kazemi, revealed that the government Important names will soon be removed and referred to the judiciary for corruption.

“The statement of the religious authority is supportive of the government, and the government is going ahead,” Malal Talal said in a press conference To fight corruption ».

And the Supreme Shiite cleric, Ali al-Sistani, declared during his meeting with the Special Representative of the Secretary-General of the United Nations in Iraq Jenin Hennes Blasshardt yesterday, Sunday, supports holding early elections as scheduled (June 2021) and completing the program The government in implementing social justice, prosecuting criminals, including the protesters ‘killers, combating corruption, and enhancing the forces’ performance Security, imposing state prestige and confining weapons in its hand.

These directives were welcomed by the Presidents of the Republic, Barham Salih, Ministers, Mustafa Al-Kazemi, Parliament, Muhammad Al-Halbousi, and a number of The political blocs, who affirmed their support for holding free and fair early elections.

The government spokesman added, “Soon, you may hear about the removal of important names and their referral to the judiciary as a result of corruption files.” .

Since its formation last May, the Al-Kazemi government has undergone wide-ranging changes in high-ranking positions in the country It affected security leaders and high-ranking officials in administration and financial institutions.

These changes come within the framework of reforms in state institutions and the fight against corruption.

Mulla Talal indicated that “the fact-finding committee will soon be formed to find out the killers of the demonstrators,” stressing that “The current government will not give up any of the citizens’ rights.”

As the Vice President of the Kurdistan Regional Government of   Iraq, Qubad Talabani, during his meeting with the US ambassador to Iraq, Matthew Toller, Monday, said that the region is keen to return Peshmerga forces to Kirkuk in order to cooperate in Extend security and stability in the region, indicating that there are efforts to find a suitable ground for agreement in this regard. The relationship between Baghdad and the Kurdish region is witnessing a great positive convergence.

A statement by the Presidency of the Kurdistan Regional Government said that the Deputy Prime Minister, Qubad Talabani, is the head of the regional delegation Kurdistan to negotiate with Baghdad, discuss the latest developments in the dialogues between the region and the federal government and the conditions of the Kurdish regions Outside the administration of the region with the US ambassador to Iraq, Matthew Tueller, and the US Consul General in Erbil.

The statement indicated that in another part of the meeting, US aid to Iraq and the Kurdistan Region was discussed. As well as discussing the situation of the Corona epidemic. Talabani stressed the region’s position regarding the return of the Peshmerga forces to Kirkuk, and in particular to the Kiwan military base , Announcing in this regard that during the talks with Baghdad, this issue was raised with government officials Federalism with the aim of cooperation and participation of the Peshmerga in establishing calm and stability in these areas.

Talabani added, according to the statement, that the two sides (Baghdad and Erbil) are currently working on finding the ground, the mechanism and the appropriate procedures How to return the Peshmerga to Kirkuk.   LINK

Barzani: The United Nations Can Help Iraq Overcome The Challenges It Faces

Political  Tuesday 15 September 2020 | 12:59 pm| Views: 120   Baghdad / .. The President of the Kurdistan region, Nechirvan Barzani, confirmed, on Tuesday, that the United Nations can help Iraq solve its problems and overcome the situation and challenges it faces.

The regional presidency stated in a statement, “Barzani discussed with the representative of the Secretary-General of the United Nations in Iraq, Jeanine Blashart, the political process and the Iraqi situation, and the developments of the dialogue between the Kurdistan Regional Government and the Iraqi federal government in order to solve their problems.”

Barzani referred to the positive role of the United Nations in Iraq, stressing that “the United Nations can help Iraq solve problems and overcome the situation and the challenges it faces.”

Representative Economic: The Process Of Automating The Ports Will Increase The Revenues Of The Ports By 10 Times

14:27 – 15/09/2020  The information / Baghdad ..Member of the Parliamentary Economic Committee, MP Ali Al-Lami, confirmed, Tuesday, that completing the Iraqi border crossings will double its revenues to ten times.

Al-Lami said in a statement to “the information”, that “the improvement in the revenues of the Iraqi border crossings comes primarily from a real implementation of the automation file that has been stalled for 4 consecutive years because it will create a correct course of action and address many negatives, especially in light of the presence of corruption in the existing administrations, parties and influential personalities in Ports ”.

Al-Lami added, “Automating the outlets will increase the revenues of exile 10 times what we see now, and this is very important, especially in light of the stifling financial crisis experienced by Iraq .”

Al-Lami added, “Automation is a fundamental and important solution that all countries of the world have adopted in order to control their revenues and keep the hands of the corrupt from them.” End

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