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More Iraqi News Thursday PM 2-18-21

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Iraq Advances Three Ranks In The Global E-Commerce Index

Money  and business  Economy News _ Baghdad  Iraq rose three ranks in the B2C e-commerce index between commercial enterprises and consumers for the year 2020, issued by the United Nations Conference on Trade and Development (UNCTAD), to occupy the 129th position globally and 12th in the Arab world, scoring 25.4 points out of 100.

According to the report seen by “Al-Eqtisad News”, the annual index that covered 152 countries is based on a number of criteria that measure the readiness of the infrastructure of countries of the world to support online shopping and engage in e-commerce, “indicating that” the share of individual users of the Internet in which Iraq scored 49. Point, and ownership of an account in a financial institution, in which Iraq achieved 23 points, in addition to ownership of an account with an Internet provider, in which it achieved 22 points, in addition to the postal reliability standard, in which the country achieved 8 points.

Switzerland topped the global list after achieving 95.9 points, followed by the Netherlands with 95.8 points, Denmark with 94.5 points, in addition to Singapore, which scored 94.4 points, the United Kingdom by 93.6 points, Germany with 93.4 points, in addition to Finland, which scored 93.4 points, and Ireland with 93. 4 points, Norway with 92.6 points, then Hong Kong with 91.8 points.

Niger, Chad and Burundi ranked in the index, along with Comoros, the Democratic Republic of the Congo, Congo, Sierra Leone, Mauritania and Liberia, in addition to Afghanistan and Mali.

According to the report, the number of people who shopped “online” in 2019 was estimated at 1.5 billion, who made up about 27 percent of the world’s population aged 15 years and over, noting that this represented an increase of 7 percent compared to 2018.  Number of observations 129 Date of addendum 02/18/2021 https://economy-news.net/content.php?id=24123

The Iraq Stock Exchange Is Distinguished Activity In 2020

Articles  Samir Nasiri *

In February 2021, the Iraq Stock Exchange issued its annual report for the year 2021, which is considered the first annual report issued by an Iraqi economic institution on its activities in the year of crises, economic shocks, recession and economic depression that spread to the countries of the world due to the drop in global oil prices and the spread of Covid 19 and Iraq was one of the countries that suffered And it still suffers from the repercussions and impacts of these crises on its economy despite the efforts made by its economic institutions to bypass them.

It is noticeable that the annual report includes the activities of the market and its overall and monthly indicators for trading and the decisions of the Securities Commission for the first and second half of the year in addition to holding workshops for financial and information disclosure and workshops.

Community training and training of colleges and institutes students and participation in seminar discussions. The report indicated a detail of the training programs established and agreements with the Egyptian Stock Exchange and market activities in Arab and international federations.

The report also focused on spreading the culture of investing in securities through print and visual media, as well as the important and fundamental aspect that the report made clear in the market plan for 2021 in the field of activating and stimulating investment and moving to a new development stage by benefiting from its rich experience of previous years.

It is to enhance the path of financial inclusion and launch the online trading system for investors online in 2021 to enable young people and age groups that use technologies efficiently to trade on shares of Iraqi joint-stock companies from trading according to the trading instructions. Through an analytical reading of the report, we note that the market will come in 2020.

He has made distinguished efforts in order to achieve his goal as an economic market aiming to regulate and monitor securities between buyers and sellers in accordance with special rules and instructions subject to his law.

Although it was greatly affected by the general economic situation and the complex accumulations of the economy, which led to a decrease in the rate of growth in the gross domestic product and an increase in the unemployment rate to the limits (30% – 40%) and the poverty rate to 31% and the annual base inflation rate to more than 2% of what it had Its impact, previously and currently, on the decline in share prices of the banking sector and other sectors in the trading market at rates ranging between (50% – 85%).

However, the results of market activity in 2020 and its plan for 2021, the new administration of the Securities Commission and the distinguished efforts to manage the promising market and fruitful coordination with all sectors Economic will send hope to move to the desired stage of recovery.

* An economic and banking advisor

Number of observations 165   Date of addendum 02/18/2021

https://economy-news.net/content.php?id=24122

Oil Prices Hit A Record High For More Than A Year, And Jump Over $ 65 A Barrel

Time: 02/18/2021 08:35:42 Read: 3,835 times  {Baghdad: Al Furat News} Oil prices rose today, Thursday, to continue this week’s gains and reached their highest levels in 13 months.

Brent crude jumped 93 cents, or 1.5 percent, to $ 65.27 a barrel by 0219 GMT, its highest level since January 1.

West Texas Intermediate crude futures rose 76 cents, or 1.2%, to $ 61.90 a barrel, their highest since January 1. 8, 2020.   LINK

The Ministry Of Oil Announces The Final Statistics For Exports Last Month

Time: 02/18/2021 10:08:49 Read: 3,185 times  {Baghdad: Al Furat News} The Ministry of Oil announced, today, Thursday, the total oil exports and revenues achieved for the month of January, according to the final statistics issued by the Iraqi Oil Marketing Company {SOMO}.

In a statement, the Euphrates News received a copy of it, the ministry stated that “the quantity of exports of crude oil amounted to {88} million and {922} thousand and {697} barrels, with revenues of {4} billion and {765} million dollars.

The statistic stated that “the total quantities of exported crude oil for the month of last January from the oil fields in central and southern Iraq amounted to {85} million and {870} thousand and {503} barrels, with revenues amounting to {4} billion and {602} million and {609} thousand dollars, while the exported quantities of Kirkuk oil through the port of Ceyhan were {3} million and {52} thousand and {194} barrels, with revenues amounting to {162} million and {391} thousand and {98} dollars. ”

She added that “the average price per barrel amounted to {53.586} dollars. “The statistic indicated that ”

It is noteworthy that the quantities and revenues of exported crude oil shipments, which were marketed at a price premium, to achieve additional revenue during the month of January, totaled {88} million and {635} thousand and {488} dollars.

It is noteworthy that the Ministry, through its belief in informing the people about export operations and the revenues generated from it, has taken this monthly measure.  LINK

National Product Marketing Centers

Thursday February 18, 2021  61  Hussein Thahab  A conversation that transcends the national product in the country and its positive role in economic life, because of the positives it achieves for our country, which seeks economic development Sustainable.

Most people have an idea of a quality local product, and sometimes we see that when we go around the local markets, but there is a retreat in marketing mechanisms for all products.Local.

Reality requires that we have specialized centers to exclusively display the national product. This coincides with a continuous campaign through the media that supports and directs the citizen to the places where these centers are located, which must have management that takes into account the methods of promotion Globalism.

Talking about a national product, without adequate details, is incomplete and inconsistent with the development goals that Iraq seeks, according to which the trend is towards activating production and reducing large financial allocations, which are directed to import various products that are made in various global economies.

We return to the crux of the matter and stand at the establishment of specialized centers for the quality local product, especially since we know that the national product is manufactured according to the qualitative specifications, which makes it imperative for everyone to move towards these products, from a national drive that benefits all groups of society without Exception.

The presence of centers to display the national product, along with advanced marketing mechanisms, lead to achieving positive results that reach the largest company in society and enhance the demand for it, and this represents our goal for the next stage, especially since the national products left a positive imprint on the Iraqi family during previous decades, and this matter facilitates the mission Promotional.  LINK

Issue (4617) Of The Iraqi Newspaper Al-Waqi’a Issued On 15/2/2021

2021-02-18 12:50:00   1- Law No. (32) of 2020 (( Law abolishing Law No. (127) of 1981 Ratification Law of the Arab Labor Convention No. (10) of 1979 regarding paid study leave and the Arab Recommendation No. (3) of 1979 annexed to it )) .

2- Republic Decrees No. (3) and (4) for the year 2021.

3- Instructions No. (1) for the year 2021 (( the first amendment to the instructions for determining the uniforms, forms of ranks of the internal security forces, their measurements, insignia and marks No. (4) for the year 2019 )) .

4- A correction statement issued by the General Secretariat of the Council of Ministers regarding the Staff College Regulation No. (2) for the year 2020.

Those wishing to acquire the Iraqi factsheet can refer to the Iraqi investigation department located in Salhiya / Haifa Street (Ministry of Justice building), and obtain the required number.

https://www.moj.gov.iq/view.5424/