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More Iraqi News Thursday PM 10-8-20

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The Central Reveals The Annual Revenues Of The Tigris And Euphrates Rivers

Money  and business  Economy News _ Baghdad  Today, Thursday, the Central Bureau of Statistics revealed that the annual revenues of the Tigris and Euphrates rivers amounted to more than 93 billion / m3 during 2019.

The agency said in a report issued today, and reviewed by “Al-Eqtisad News”, that “the annual revenues of the Tigris and Euphrates rivers amounted to 93.47 billion / m3 during the year 2019,” indicating that “these revenues increased from the previous year, which amounted to 32.96 billion / m3.”

He added, “The annual revenues of the Tigris River amounted to 31.29 billion / m3, while the annual revenues of its tributaries reached 45.23 billion / m3,” noting that “the total of these quantities in the Tigris River and its tributaries amounted to 76.52 billion / m3, with a rate of 81.9% of the total water revenues.” Dakhla, Iraq. ”

The report indicated that “the annual revenues of the Euphrates River amounted to 16.95 billion / m3, with a rate of 18.1% of the total water revenues entering Iraq.”

He explained, “The water revenues from the upper Zab tributary amounted to 20.67 billion / m3, by 22.1% of the total water revenues of the Tigris River, followed by the Lower Zab tributary at 11.56 billion / m3 and by 12.4%, followed by the Diyala tributary at 10.89 billion / m3, and by 2.3%, followed by The great tributary is 2.11 / m3, or 2.3%.

It is noteworthy that Turkey has built 14 dams on the Euphrates River and its tributaries within its territory and 8 dams on the Tigris River and its tributaries.

It takes Turkey several years to fill the artificial lakes behind these dams, while Syria has built 5 dams, three of which are large, built in the mid-sixties, and Turkey often controls these releases, which are few at most times except in the flood season.  Number of observations 95 Date of addendum 10/8/2020   https://economy-news.net/content.php?id=22162

OPEC, In Its Report, Summarizes The Expectations Of Oil For The Next 25 Years

Thursday 08, October 2020 15:22 | EconomicalViews: 55   Baghdad / NINA / The Organization of Petroleum Exporting Countries (OPEC) summarized in a report, oil expectations until 2045.

The report stated that: The Corona pandemic caused the largest decline in oil demand in history, and oil will remain the largest component of the energy mix in the world in the long term.

He added, “The demand for oil will reach about 306 million barrels per day and the momentum of US oil production will decline by 2030.

The volume of investment required in the oil sector in the long term will reach 12.6 trillion dollars, and natural gas will be the fastest fossil fuel in terms of demand.”

The report indicated a contraction. The global economy is about 4% this year.

The reference basket of the Organization of Petroleum Exporting Countries (OPEC) consists of a mixture of Sahara (Algeria), Gerasol (Angola), Orient (Ecuador), Zafiro (Equatorial Guinea), Rabi Let (Gabon), Iran (Iran), Basra Let (Iraq), Kuwait Export (Kuwait), S.    https://ninanews.com/Website/News/Details?key=861511

US Official: This Is What Is Delaying Investment In Iraq

Thursday 08, October 2020 15:00 | EconomicalViews: 193   Baghdad / NINA / US Deputy Assistant Secretary of State David Copley said: “What is delaying investment in Iraq … the security situation and corruption.”

Copley said during his meeting with a number of businessmen and the American Chamber of Commerce in Arbil: “The United States wants to bring investments into Iraq, but the ability to do so is linked to the security situation and corruption.”

He added: “The United States of America is ready to strengthen relations with the Kurdistan region, especially in the trade sector, and it is committed to supporting all forms of economic openness in the Kurdistan region and Iraq in general. “/ End 3   https://ninanews.com/Website/News/Details?key=861509

A Deputy Calls On The Government Not To Rely On Borrowing To Solve The Crisis Of Paying Employees’ Salaries

Thursday 08, October 2020 10:36 | EconomicalViews: 165   Baghdad / NINA / Representative of the State of Law bloc, Mansour Al-Baiji, called on the government to find quick solutions to the economic crisis that the country is going through, indicating that the whole world is going through this crisis and not Iraq, but the successful planning of these countries prevented it from occurring a major crisis as happened in Iraq, calling on the government Until it manages its affairs and does not stand by idly by the current crisis.

Al-Baiji explained, “Delaying the salaries of state employees have greatly harmed an important segment whose livelihood depends on the salary, as well as harming the national economy,” stressing that releasing employees’ salaries is not a favor from the government, but rather a natural right for state employees.

In a press release, he called on the government not to rely on internal and external borrowing to solve the salary crisis, noting that there are many other solutions to cross the economic crisis, stressing that “the borrowing project will not allow it because it will lead the country towards bankruptcy.” / End 5

https://ninanews.com/Website/News/Details?key=861461

Parliamentary Finance Confirms: The Option To Dismiss The Minister Of Finance Is Strongly Proposed

Political   Thursday 8 October 2020 | 04:06 PM| Views: 37   The Parliamentary Finance Committee confirmed, on Thursday, that the option of dismissing the Minister of Finance has become a strong proposition in Parliament, indicating that it is possible to run the ministry without a minister .

A member of the Finance Committee, Majed Al-Waeli, said, “The Minister of Finance has proven his negligence and failure in managing the ministry and the financial crisis and his incompetence .”

He added that “the minister relied on loans and talking to the media without thinking of any solutions or ways to make the financial policy succeed in Iraq,” noting that “there is a tendency to dismiss the Minister of Finance and is strongly proposed in Parliament after the return of the sessions .”

Al-Waeli clarified that “the Ministry of Finance can be managed without the need for a minister by the Public Debt Department at the Ministry of Finance and all the work of the ministry is reduced to it,” indicating that “managing the ministry by a department is better than coming up with another minister who does not understand anything about the financial policy.”    https://aynaliraqnews.com/index.php?aa=news&id22=139574

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