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More Iraqi News Wednesday PM 9-30-20

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The Stock Market Index Rises In The Session Wednesday

Iraq Stock Exchange  Market  Economy News – Baghdad  On Wednesday, the stock market index rose by 0.36%. And 2.8 billion shares were traded, worth 1.5 billion dinars. Shares of 11 companies contributed by Al-Ataa Islamic Bank rose 14.29% and Gulf Bank shares rose 7.69%.

Shares of 7 companies offered by Ashur Bank shares fell by 3.45% and National Bank shares by 2.90%.

Number of observations 81 Date of addendum 09/30/2020 https://economy-news.net/content.php?id=22057

The Minister Of Planning Discusses With The US Agency For Development To Support The Government’s Efforts In Developing The Private Sector

Wednesday 30, September 2020 15:54 | Economical Views: 99 Baghdad / NINA / Minister of Planning Khaled Battal Al-Najm discussed with the President of the United States Agency for Development (USAID) prospects for joint cooperation between the two parties.

The ministry said in a statement that the Iraqi National News Agency ( NINA ) received a copy: “The two sides discussed, through the television circuit, a number of issues related to the role of the United States Agency for Development in supporting the efforts of the Iraqi government and the Ministry of Planning, in developing the private sector and rebuilding the liberated areas, as well as On the development of the Development Project Management Program (IDMS), which is managed by the Ministry of Planning. ”

For his part, the Minister of Planning announced that the Iraqi government has serious directions towards activating the principle of partnership with the private sector, especially with regard to the rehabilitation and development of losing government companies, and converting them into profitable and productive companies, by involving the private sector in the qualification and development process, pointing out :

“This process will contribute to achieving financial returns for the state, providing more job opportunities, as well as reducing the volume of imports from abroad and supporting the local product.”

Al-Najm pointed out: “There are other steps taken by the ministry to form a private sector development council, which will be formed from the economic activities that this sector has.” He called on the US Agency for Development to contribute to supporting these measures, with the aim of being able to achieve the principle of partnership between the public and private sectors. ”

At the same time, we appreciated the level of continuous support provided by the agency in various fields over the past five years, especially in the field of developing programs that support the economy, preparing and translating standard documents, and contributing to reconstruction operations”, expressing the Iraqi government’s desire to continue this cooperation , In various fields.

For his part, the President of the United States Agency for Development, John Cardenas, expressed his appreciation for the level of cooperation between the two sides, expressing the Agency’s readiness to provide more support for the programs and directions of the Ministry of Planning in the field of advancing the realities of development in Iraq. / End 7    https://ninanews.com/Website/News/Details?key=859969

Al-Fatlawi To (NINA): The Economic Situation Raises The Alarm, And I Call For Economic And Financial Matters To Be Restricted To The Hands Of The State

Wednesday 30, September 2020 09:41 | EconomicalViews: 240  Baghdad / NINA / The deputy of the Al-Fateh Alliance, Fadel Al-Fatlawi, called for the state to limit economic and financial matters to the hands of the state.

Al-Fatlawi said in a statement to the Iraqi National News Agency ( NINA ) that “the economic situation in the country is sounding the alarm and the money is controlled by some parties,” noting that “borrowing from banks is not a solution and will bring the country to bankruptcy.”

He added that “Iraq has many and large resources that could cover all these problems that exist.”

Al-Fatlawi stressed “the need for a correct management of the country’s economic rudder,” calling for “economic and financial matters to be confined to the hands of the state.”

He stressed that “the economic situation is ringing the alarm,” noting that “if there was a correct administration and building a real Iraqi budget, Iraq would never face such a crisis.”

He continued, “The solutions to the financial crisis exist, but they lack true will and management,” explaining that “what is happening now is because of corruption.” https://ninanews.com/Website/News/Details?key=859847

Parliamentary Finance: Withdrawing All The Funds Accumulated For The Chinese Agreement

Editing date: 9/30/2020 16:26 • 23 times read   [Baghdad-Where]  The Parliamentary Finance Committee confirmed, on Wednesday, the withdrawal of all the funds accumulated for the Iraq-China agreement.

Committee member Naji Al-Saeedi said, according to the official agency, that “the accumulated funds for the Iraq-China agreement due to the sale of 100,000 barrels per day were withdrawn to cover the salary deficit in the past months.”

He pointed out that “the funds frozen in international banks are very few and do not rise to the solution of the liquidity shortage”, indicating that “recovering the frozen funds is the responsibility of the Ministry of Foreign Affairs.”    http://www.alliraqnews.com/modules/news/article.php?storyid=101353

Parliamentary Warnings Of Manipulating The Central Bank Reserves

Economy  Wednesday 30 September 2020 | 03:14 PM| Views: 98  A member of the Parliamentary Finance Committee, Ahmed Hama Rashid, warned, on Wednesday, of depleting the reserves of the Central Bank, and then the Iraqi economy was affected .

Rashid said that “the volume of monetary reserves in Iraq, whenever it decreases, it weakens the Iraqi currency,” adding that “this will gradually weaken the currency rate .”

And he warned of “weakening the Iraqi economy in particular that Iraq needs to import, and consequently, pandemic inflation .”

It is noteworthy that the committee expressed its surprise at the issuance of a book by the Ministry of Finance calling for legislation to borrow to pay the deficit in salaries of employees, warning against mortgaging the future of Iraq by relying on borrowing.

https://aynaliraqnews.com/index.php?aa=news&id22=139277

Parliamentary Finance Warns Of Manipulating The Central Bank’s Reserves

15:02 – 09/30/2020   Information / Special … A member of the Parliamentary Finance Committee, Ahmed Hama Rashid, warned, on Wednesday, of depleting the reserves of the Central Bank, and then the Iraqi economy was affected.

Rashid said to / the information / that “the volume of cash reserves in Iraq, whenever it decreases, it weakens the Iraqi currency,” adding that “this will gradually weaken the price of the currency.”

And he warned of “weakening the Iraqi economy, especially that Iraq needs to import and thus, pandemic inflation.”

It is noteworthy that the committee expressed its surprise at the issuance of a book by the Ministry of Finance calling for legislation to borrow to pay the deficit in salaries of employees, warning against mortgaging the future of Iraq by relying on borrowing. ttps://www.almaalomah.com/2020/09/30/497734/

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