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More Iraqi News Saturday PM 3-6-21

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The House Of Representatives Votes On A Bill To Amend The Public Health Law And Four Other Laws And Ends Reading And Discussion Of A Law

03/06/2021  The House of Representatives voted in its forty-first session, which was held under the chairmanship of Mr. Hassan Karim Al-Kaabi, First Deputy Speaker of Parliament this evening, Saturday 3/6/2021, in the presence of 170 deputies on five laws, ending the reading and discussion of a proposal Law of the First Amendment to the Law of Urban and Regional Planning Center No. (116) of 1971.

During the session, which was opened by Deputy Speaker of Parliament, Dr. Bashir Al-Haddad, the Council voted on the proposal of the Third Amendment Law of the Accountants and Auditors Syndicate Law No. (185) for the year 1969 submitted by the Finance Committees and civil society institutions and parliamentary development to keep pace with the development in the professions of accounting and internal auditing and its importance in preserving funds As a component of the fight against corruption and to regulate the work of practitioners, and to organize the process of electing members of the union’s board of directors and members of the control and oversight committees.

The Council ended the vote on the draft law on the accession of the Republic of Iraq to a protocol on preparedness, response and cooperation in the field of pollution events with dangerous and harmful substances for the year 2000 submitted by the Foreign Relations Committee for the purpose of cooperation in the field of pollution of hazardous materials and the importance of preparation, response and cooperation in the events of pollution with dangerous and harmful substances and the preparation of plans Emergency of the Republic of Iraq.

The Council postponed the vote on the draft law ratifying the agreement to avoid double taxation and prevent financial evasion with regard to taxes on income and capital between the government of the Republic of Iraq and the government of the State of Kuwait at the request of the concerned committee.

The Council also postponed the vote on a draft law ratifying the agreement on the encouragement and mutual protection of investment between the government of the Republic of Iraq and the government of the Kingdom of Saudi Arabia, at the request of the concerned committee.

In a related development, the Council voted on the draft law on the accession of the Republic of Iraq to the Nairobi International Convention for the Removal of Wreck for the year 2007 submitted by the Committee on Foreign Relations to adopt unified international rules and procedures that guarantee the removal of shipwrecks and pay compensation for the related costs quickly and effectively.

The Council completed the vote on a draft law on the accession of the Republic of Iraq to the 1996 Protocol to the Convention for the Prevention of Marine Pollution Resulting from Waste and Other Materials for 1972 submitted by the Foreign Relations Committee to protect and maintain the marine environment from all pollution sources and take effective measures to prevent, reduce or eliminate marine pollution resulting from Turning waste and other materials in all its forms.

The Council voted to vote on the draft law amending the Public Health Law No. (89) of 1981 submitted by the Health and Environment Committee for the purpose of granting the Ministry of Health and Environment, in coordination with the Ministry of Finance, the authority to determine the amount of the monetary allowance and to grant resident doctors and senior resident physicians the said allowance.

The Council postponed the vote on the draft law of the first amendment to the Fund to Support Internal Sections in the Ministry of Higher Education and Scientific Research No. (7) of 2012 at the request of the relevant committee.

The Council also postponed the vote on the draft law for the second amendment to the Public Roads Law No. 35 of 2002, at the request of the relevant committee.

The Council completed the reading of the report and the discussion of the first amendment law proposal for the Urban and Regional Planning Center Law No. (116) of 1971 submitted by the Higher Education and Scientific Research and Legal Committees.

On the other hand, MP Khalaf Abdul Samad read a statement in which he recalled the March 1991 uprising in the Kurdistan Region against the buried regime, in which he lived through the sacrifices of the people of Kurdistan and the liberation of their cities from the authority of the defunct Baath, asking God for mercy and eternity for the martyrs of the Kurdistan Region and all of Iraq who sacrificed themselves for a united Iraq.

On the other hand, the ladies and gentlemen of the deputies discussed a number of important issues related to improving the service reality for citizens, in addition to the subject of mid-year examinations for school students.  After that, it was decided to adjourn the session to next Monday 3/8/2 021

Information Department,House of Representatives, 6 / March / 2021 LINK

Goldman Bank: Brent Prices Will Rise To $ 75 A Barrel In The Second Quarter Of This Year

Saturday 06, March 2021 11:35 | Economical Views: 405  Baghdad / NINA / Goldman Sachs Commodities Research raised its forecast for the price of Brent crude for the second and third quarters, by $ 5 a barrel, after OPEC and its allies kept their agreement to reduce supplies unchanged.

He said that “the discipline of shale oil producers” was likely behind the group’s slower increase in production.

The bank said in a note on Thursday that it now expects Brent prices to reach $ 75 a barrel in the second quarter and $ 80 a barrel in the third quarter of 2021.

Shale oil producers in the United States have reacted quickly to oil price gains in recent years, winning market share at a time when Saudi Arabia and other large producers have cut production, but have been reluctant to boost production since demand was destroyed by the pandemic last year.

The Organization of Petroleum Exporting Countries (OPEC) and its allies agreed yesterday, Thursday, to extend most of the crude production cuts until April, after they decided that the recovery of demand from the Corona virus pandemic is still fragile.

“The OPEC supply strategy is successful due to its unpredictability and surprise,” Goldman said.

The bank lowered its forecast for OPEC + production of 0.9 million barrels per day over the next six months, and said supplies from shale oil, Iran and outside OPEC will likely remain severely inflexible towards prices until the second half of 2021, allowing OPEC + to quickly rebalance the oil market. .

And the bank stated: “The main issue will be the potential reaction to shale supplies, but the latest season for profits indicates that investors are still far from compensating for growth.” / End 8

https://ninanews.com/Website/News/Details?key=891901

The Ministry Of Finance Issues Directives To Its Departments

Ministry of Finance building

Money  and business   Economy News – Baghdad  On Saturday, the Ministry of Finance announced the adoption of controls and instructions for technology contracts it concludes with banks, agencies, departments and their affiliated companies.

“The Minister of Finance, Ali Abdul Amir Allawi, issued a directive to all units of the ministry to submit all their main information technology contracts for final review and approval by the Information Technology Department of the Ministry of Finance,” the ministry said in a statement received by Al-Iqtisad News.

According to the statement, Allawi stressed that “restricting electronic project contracts to the information technology department in the ministry does not increase bureaucracy. Rather, these procedures and instructions come for the purpose of ensuring the quality of services and preserving the value standards provided by the ministry’s departments to maintain the integrity of complex technical contracts.”

The Minister of Finance indicated that “his ministry is continuing to provide the appropriate environment for the localization and application of technology in its departments, while investing local resources and capabilities to achieve this.”

The statement emphasized that “these measures were among the directions that it started to implement and proceeded with upon receiving the ministry’s file.”  Number of observations 52 Date of addendum 03/06/2021  https://economy-news.net/content.php?id=24341

Basra Light Crude Oil Touches $ 70 Per Barrel

Time: 03/06/2021 13:14:29 Read: 3,627 times  {Follow-up: Al Furat News} The price of Basra Light crude rose today, Saturday, to approach $ 70 per barrel, and the price of Basra heavy crude also rose during its close on Friday.

Western economic media reported that Basra light oil to Asia rose to 69.75 dollars a barrel, an increase of 4.37% over last Thursday, while Basra heavy oil prices recorded 64.75 dollars a barrel, an increase of 4.76%.

Basra Light Oil scored the highest prices compared to other OPEC oils, while Saudi Arabian Light Oil scored 66.64 dollars per barrel, and the Emirati Murban mixture scored 67.42 dollars per barrel, while the Algerian Mix Sahran scored 68.40 dollars per barrel, and the Nigerian Light Bonny Light reached 67.69 dollars.

Global oil prices rose on Friday, closing Brent crude at 69.54 dollars, and West Texas crude at 66.29 dollars LINK

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