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More Iraqi News Iraqi News Tuesday PM 3-23-21

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Mr. Ammar Al-Hakim And The US Ambassador Affirm The Necessity Of Holding The Elections On Time

Time: 03/23/2021 14:50:26 Read: 1,261 times  {Politics: Al Furat News} The head of the Iraqi coalition, Mr. Ammar al-Hakim, and the US ambassador, Matthew Toller, stressed the necessity of holding early parliamentary elections in Iraq as scheduled on October 10.

A statement from his office, the Euphrates News Agency received a copy of it, stated that Mr. Ammar al-Hakim received Toller, “and they exchanged views on developments in the Iraqi, regional and international situation.”

They stressed “the importance of activating bilateral relations between Iraq and America in the economic and cultural fields, and the importance of cooperation in issues of common interest,” referring to “the topic of early elections and the need to hold them on time, with an emphasis on electoral security and creating a legal environment for them.”

Mr. Ammar al-Hakim referred to “the importance of the cross-component alliance as a success story and a strategic variable in the Iraqi political reality,” stressing the “importance of investing everyone’s desire in the national project.”   LINK

Al-Kazemi Issues Directives To Prevent High Food Prices And Announces A Tripartite Summit

Time: 03/23/2021 15:49:14 Read: 2,457 times  (Baghdad: Al Furat News) During his session held today, Tuesday, Prime Minister Mustafa Al-Kazemi issued several directives to prevent the rise in food prices, announcing a tripartite summit

Al-Kazemi said during the cabinet session, that “the high prices of some foodstuffs that are manufactured and produced locally are an attempt by the weak-minded and some greedy merchants to confuse the social situation and to exploit the demand of citizens for foodstuffs as a result of the approaching month of Ramadan, as it happens annually.”

He added, “The Ministry of Interior and Economic Security has directed to take appropriate measures to prevent tampering with the citizens’ food, stop the greed of some merchants, and follow the markets.”

And he stated, “We have directed to provide all support to the Ministries of Agriculture and Trade to work with the utmost efforts to provide flour. It is unacceptable for the price of flour to rise under false pretenses, and those who are left behind will be followed up.”

“We have identified gangs that exploit the most heinous humanitarian issues through begging, and we have directed the Ministry of Interior to follow up the issue, address it, prosecute these gangs and present them before the law,” he said.

He pointed out that “taxis are the ones who possess the license to carry out their work, and the General Traffic Directorate must do its part to prevent cars that are not licensed to operate.”

He pointed out that “there is a wide diplomatic movement in Iraq. We have the Iraqi-Egyptian-Jordanian summit that will be held in Baghdad, and there are continuous important visits to the country, and the land of Iraq is becoming an important diplomatic center for leaders of countries in order for Iraq to play its natural pivotal role and serve the interest of our country and our people and we work hard.” Provided that Iraq has an important role in the pacification in the region. ”  LINK

A Sharp Drop In Oil Prices

Economie| 03:43 – 23/03/2021  Baghdad – Mawazine News  Oil prices decreased today, as they were affected by fears that the new restrictions imposed to combat the Corona pandemic and the slow distribution of vaccines in Europe will slow the recovery of demand for crude.

Brent crude futures fell by 3.84% to 62.14 dollars a barrel, by 13:30 Moscow time, while US West Texas Intermediate crude futures fell 3.69% to 59.29 dollars a barrel.

Commerzbank said, “The European continent tightens measures of the Corona virus, and thus strengthens restrictions on movement.”

And the extension of closures is driven by the risk of a third wave of infections, in light of the spread of new strains of the virus on the continent.

Germany, the largest consumer of oil in Europe, is extending the general isolation measures until next April 18, and asking citizens to stay at home in an effort to stop the third wave of the Covid-19 pandemic.

The rise in the US dollar also negatively affected prices. In light of the pricing of oil in dollars, the rise in the US currency increases the cost of oil for holders of other currencies.

https://www.mawazin.net/Details.aspx?jimare=146714

22 Losing Companies Put Pressure On The Stock Market Index

The Iraqi Stock Exchange «Economy News»  Market  Economy News – Baghdad  22 losing companies pressed on the performance of the Iraq Stock Exchange Index today, Tuesday.

The stock market index fell by 1.02%, while Al-Wiam Financial Investment Company led the losing companies.

The Cartoon Industry and Trade Company also topped the winning companies, followed by the Petroleum Products Transport Company.  Today’s session witnessed the circulation of 5.5 billion shares, worth 2.7 billion dinars.  The Bank of Baghdad Company also topped the companies in circulation and value, with 2,09 billion shares being traded, worth 1.6 billion dinars.

Number of observations 71 Date of addendum 23/03/2021

https://economy-news.net/content.php?id=24578

Allawi Is Conducting An Inspection Visit To The Rafidain Bank

Finance Minister Ali Abdul Amir Allawi  Banks  Economy News – Baghdad  The Ministry of Finance announced, on Tuesday, that the Minister of Finance, Ali Allawi, made an inspection visit at the Rafidain Bank.

The ministry stated in a statement received by “Al-Eqtisad News”, that “the Minister of Finance, Ali Allawi, and the Undersecretary of the Ministry, Taif Sami, made an inspection visit to the Rafidain Bank (the General Administration) on Monday 3/22/2021.”

The statement added, “This visit comes to see the bank’s workflow, the quality of services provided, and the speedy completion of banking transactions for customers.”

Allawi directed, according to the statement, the necessity of “applying the automation system to the banking business as soon as possible, similar to the sober global banks to provide better services to the Iraqi citizen,” calling for the “reconstruction of its branches to suit the ancient status of the bank.”

The statement pointed out that “I instructed to grant loans for projects, support businessmen, and reconsider lending mechanisms.”

During the visit, Allawi listened to the problems and obstacles facing the bank’s employees to develop appropriate solutions for them, according to the statement.

Allawi directed, “to overcome the obstacles that may hinder the implementation of the work with the accuracy and speed required in accordance with the applicable instructions.”

Number of observations 117 Date of addition 3/23/2021

https://economy-news.net/content.php?id=24573

Issue (4620) Of The Iraqi Newspaper Al-Waqi’a Issued On 3/8/2021

2021-03-23 12:44:00

1- Law on the accession of the Republic of Iraq to the International Convention for the Control and Management of Ballast Water and Sediments in Ships for the year 2004 No. (29) for the year 2020.

2- Law on the accession of the Republic of Iraq to the International Convention on Civil Liability for Oil Pollution Damages of 1992 No. 33 of 2020.

3- Republic Decree No. (11) for the year 2021.

4- Instructions for granting multiple entry visas No. (2) for the year 2021.

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.5490/

Issue (4621) Of The Iraqi Newspaper Al-Waqi’a Issued On 3/15/2021

2021-03-23 12:54:00

1- Law No. (7) of 2021 the second amendment to the Veterinary Medical Graduation Law No. (136) of 1980.

2- Yazidi Women Survivors Law No. (Cool of 2021.

3- Law No. (9) of 2021 for the Provision and Use of Corona Pandemic Vaccines.

4- Instructions No. (3) for the year 2021, the first amendment to the instructions for determining the amount of entry visa fees to the Republic of Iraq No. (7) for the year 2018.

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.5491/

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