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Iraqi News Friday AM 9-18-20

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The Director Of The Key Card Company Was Arrested At Baghdad International Airport While Trying To Get Out Of The Dump

Pratha News Agency186 2020-09-17   A security source said today, Thursday, that a security force had arrested the director of the Key Card Company at Baghdad International Airport

The source said that a security force had arrested Baha Abdul-Hussein Abdul-Hadi, director of the Key Card Company, at Baghdad International Airport while trying to flee outside Iraq.   http://burathanews.com/arabic/news/376724

Following The Arrest Of The Q-Card Manager, The Company Issues A Statement Regarding Him

Pratha News Agency254 2020-09-17   Today, Thursday, the smart card company issued a statement regarding the arrest of the director of “Q-Card” Bahaa Abdul-Hussein in Baghdad.

“On his way to visit his family, Bahaa Abdul Hussein was arrested without being allowed to see his legal representative, contrary to the constitutional and human rights contexts,” the company said in a statement.

She added, “Bahaa is the director of the leading Q-Card company, and Key Card is proud to serve millions of citizens and provides livelihood opportunities for thousands of families.”

He explained, “We are confident that the fair judiciary will prove the innocence of the company and its director, as the Key Card Company takes into account social responsibility and has known charitable work. http://burathanews.com/arabic/news/376727

After The Arrest Of The Director Of “Qcard” … Finance Reveals The Fate Of The Salary Distribution

Pratha News Agency286 2020-09-17   On Thursday, the Iraqi Ministry of Finance assured employees that it will continue to distribute their salaries via smart cards, regardless of judicial procedures against individuals or companies providing payment cards.

This comes hours after a security force arrested Baha Abdul-Hussein Abdul-Hadi, the director of the Key Card Company, at Baghdad International Airport while trying to flee outside Iraq, according to what Shafaq News Agency told a security source.

The Ministry of Finance said in a statement, that it confirms “the continuation of the payments of financial amounts to all recipients through electronic payment cards of various kinds.”

She added that “any investigative or judicial procedures affecting individuals associated with companies providing payment cards will not affect at all the process of receiving the beneficiaries of their money in the usual way and without any delay.”

She pointed out that “the measures recently taken by the government aim to impose the rule of law and order, in a manner that provides a fair, comfortable and impartial work environment, and preserves the rights of local and foreign investors, in accordance with the law.”      http://burathanews.com/arabic/news/376731

 After The Arrest Of The Director Of “Qcard” … Finance Reveals The Fate Of The Salary Distribution

Pratha News Agency286 2020-09-17   On Thursday, the Iraqi Ministry of Finance assured employees that it will continue to distribute their salaries via smart cards, regardless of judicial procedures against individuals or companies providing payment cards.

This comes hours after a security force arrested Baha Abdul-Hussein Abdul-Hadi, the director of the Key Card Company, at Baghdad International Airport while trying to flee outside Iraq, according to what Shafaq News Agency told a security source.

The Ministry of Finance said in a statement, that it confirms “the continuation of the payments of financial amounts to all recipients through electronic payment cards of various kinds.”

She added that “any investigative or judicial procedures affecting individuals associated with companies providing payment cards will not affect at all the process of receiving the beneficiaries of their money in the usual way and without any delay.”

She pointed out that “the measures recently taken by the government aim to impose the rule of law and order, in a manner that provides a fair, comfortable and impartial work environment, and preserves the rights of local and foreign investors, in accordance with the law.”    http://burathanews.com/arabic/news/376731

Committee: The 2021 Budget Will Witness An Increase For The First Time In These Imports

Time: 09/18/2020 13:02:55 Read: 3,510 times  (Baghdad: Al Furat News) The Parliamentary Agriculture, Water and Marshlands Committee confirmed that the governmental procedures for border crossings and self-sufficiency of many products will be an important support for the next year 2021 budget.

The head of the committee, Salam Al-Shammari, said in a statement that the Euphrates News Agency received a copy of it that “next year’s budget will witness, for the first time, an increase in the rates of non-oil imports as a result of the policy of diversifying sources of national income.”

He added, “The activation of government measures in the border crossings will have a clear effect on increasing revenues in addition to exporting the surplus of agricultural and animal production.”

Al-Shammari stressed “the necessity of diversification and not activating the issue of internal and external borrowing again, and heading to operating the stalled factories and factories, with a return to the issue of self-financing for some government agencies to reduce pressure on the operating budget.”  LINK

Hurricane Raises Oil Prices

Time: 09/18/2020 11:13:56 Read: 3,094 times  {International: Al Furat News} Oil prices continue to rise, today, Friday, for the fourth consecutive session, amid estimates indicating that the oil market is experiencing a deficit, and that a new storm has begun to form in the Gulf of Mexico.

By 09:15 Baghdad time, global Brent crude was up 0.85% to $ 43.67 a barrel.

While US crude futures rose 0.90% to $ 41.20 a barrel, according to the trading.

The two crude rose this week after Hurricane Sally cut US oil production, and OPEC, supported by its allies, offered steps to counter the market weakness.

Investment bank Goldman Sachs expects that the market deficit will reach three million barrels per day in the last quarter of the year, and confirmed that the price of “Brent” oil will reach $ 49 by the end of the year, and $ 65 by the third quarter of next year.

In the meantime, a tropical depression is forming in the western part of the Gulf of Mexico,

and it may become a hurricane in the next few days, which may threaten US oil installations.

The Saudi Energy Minister, Prince Abdulaziz bin Salman also warned dealers against betting on the decline of the oil market, and promised those who gamble on the price of oil that they will regret it.

Prince Abdulaziz bin Salman’s statements came after a remote meeting of a main committee of the “OPEC +” group, which includes Russia. LINK

Minister Of Oil: The Percentage Of Producing Countries ’Commitment To The Agreement To Reduce Production For August Has Reached 102%

Oil Minister Ihsan Abdul-Jabbar During The OPEC Plus Meeting

Energy   Economy News – Baghdad  The Minister of Oil, Ihsan Abdul-Jabbar, affirmed the keenness of the producing countries from within the “OPEC” and the producers allied with it from outside the organization to adhere to the agreement to reduce production, and work to achieve the goal of stability and balance in the global oil markets, in order to reach the planned goals in light of the challenges facing the oil market As a result of the spread of the Coronavirus “Covid 19 ” .

Oil Minister Ahsan Abdul-Jabbar Ismail said after the conclusion of the twenty-second meeting of the ministerial committee to monitor production through the electronic department that the ministerial committee welcomed the commitment of OPEC producing countries and those allied with it, including Mexico, to the agreement to reduce production, as the percentage of commitment for the past month reached August – August, according to the sources.

Independent secondary school (102%), which is a good percentage that positively affects the reality of the oil market. The Minister of Oil indicated that the meeting affirmed that the producers should fully adhere to the agreement according to the announced rates, as well as compensating the unreduced quantities for the past period .

For his part, the Director General of the Oil Marketing Company, Alaa Al-Yasiri, said that today’s meeting was held in the presence of Saudi Energy Minister Abdulaziz bin Salman and Russian Energy Minister Alexandrenovac,

The monthly report prepared by the Joint Technical Committee was reviewed, during which the developments in the oil market were discussed for the period following the previous meeting that was held on August 19, as well as the expectations for the last quarter of the current year 2020, as well as the production rates for the last August of the producing countries were reviewed. Members and allies from outside OPEC, Al-Yasiri added that it was agreed to hold the ministerial meeting during the period from October 15-19 next October .

Number of observations 338 Date of addendum 09/18/2020   https://economy-news.net/content.php?id=21894

Planning: The 2021 Budget Will Activate Revenue From Taxes, Ports And Production Sectors

Money  and business  Economy News _ Baghdad   The Ministry of Planning confirmed, Friday, that the 2021 budget will address the problems in which previous budgets occurred, and will focus on activating tax revenues, border crossings and other productive sectors, in addition to oil revenues.

The ministry’s spokesman, Abdul Zahra al-Hindawi, said in an interview with the Iraqi News Agency and seen by “Al-Iqtisad News”, that the budget for the current year 2020 will be operational only, to secure the necessary expenses, such as salaries of employees and retirees, on the health side, the ration card, and other necessary expenses.

The ministry’s spokesman stated that the 2020 budget will be approved by the House of Representatives this September.

He added that the investment side will remain dependent on the size of the revenues that will be achieved during this period, stressing that there are quite a few stalled projects that need financial allocations to continue working on them.

He pointed out that there is a tendency to address all the problems of previous budgets, including the delay in approving the budget, which causes delay in the implementation of investment projects, as well as finding other sources with oil to supplement the budget and develop the country’s economy, and include activating the revenues of border crossings, taxes, the agricultural, tourism and industrial sectors in addition to private sector “.

He explained that the government is currently seeking to approve the 2021 budget, in which oil will be the main financing for the budget in its operational and investment sides.

He stressed that “the government adopts a plan to strengthen relations with brotherly countries in the field of investment, and with international organizations to benefit from the experiences of these countries in the form of oil instead of money, and with new financial methods and activating the role of other sectors.”

Number of observations 55 Date of addendum 09/18/2020   https://economy-news.net/content.php?id=21896

A Legal Expert Explains The Nature Of The Recent Arrests

Friday 18, September 2020 10:34 | GeneralViews: 478   BAGHDAD / Nina / legal expert said Haider Sufi: “The operations of recent arrests of anti – corruption, files are parked was activated.”

Al-Sufi said in a statement to the Iraqi National News Agency ( NINA ): “The recent arrests, which affected personalities from former and current government websites, were carried out according to legal arrest warrants related to previous files.”

He added, “The files of those arrested were complete and stored previously, and they were submitted to the judiciary, which issued the arrest warrants.” / End 3   https://ninanews.com/Website/News/Details?Key=857247

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