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Iraqi News Monday AM 4-19-21

TLM724 Administrator BondLady’s Corner

The Iraq Market Is Determined To Be Affected By The Change In The Exchange Rate

Monday April 19, 2021   44   Baghdad: Morning   Yesterday, Sunday, the Iraq Stock Exchange determined the extent to which the change in the exchange rate of the dollar was affected by the dinar, indicating that the decline in foreign exchange trading opportunities will move towards alternatives.

Other. The executive director of the Iraq Stock Exchange, Taha Ahmad Abd Al-Salam, told the Iraqi News Agency (INA): “The economic facts indicate that when trading in foreign currencies decreases due to the low margin of the official price difference from trading, trading opportunities are directed towards other alternatives.”

He added that «the Iraq market has been affected, like the rest of the economic sectors in the near term, which could continue in the medium term, with the high purchase demand, in addition to other economic factors and the disclosure of the companies’ financial position for the year 2020 and their financial indicators. LINK

Dollar Prices Continue To Rise

Time: 04/19/2021 11:30:34 Read: 5,018 times   {Baghdad: Al Furat News} The exchange rate of the dollar rose today, Monday, on the main stock exchange in Baghdad.

The central Al-Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 148,100 Iraqi dinars, compared to 100 US dollars.

While the Central Kifah Stock Exchange recorded 147950 Iraqi dinars during its opening on Sunday morning.

The buying and selling prices witnessed a rise in the exchange shops in the local markets in Baghdad, where the selling price reached 148,750 Iraqi dinars, while the purchase prices reached 147,750 dinars per 100 US dollars. LINK

Parliamentary Committee Raises Economic Recommendations To The Prime Minister

Monday April 19, 2021   180  Baghdad: Muhannad Abdul-Wahhab  The Parliamentary Economy and Investment Committee stressed the importance of the recommendations it submitted to the Prime Minister, considering them important and in the interest of the advancement of the Iraqi economy.

In an interview with Al-Sabah, a budding committee member Nawfal said: “The committee presented a plan for economic recommendations to the Prime Minister in a previous period, and the most important paragraphs were to effectively support the private sector, tighten control over outlets and activate the work of state factories in their mixed capacity with the private sector through The ministries concerned with industry and agriculture with the support of the Ministry of Trade.

He stressed that “Iraq possesses sufficient ingredients to revive its economy, but we need a political decision and a real will to activate the industrial, agricultural and productive sectors for the local market.”

And that “the plan begins with making the political decision and the legislative will to preserve the state’s assets, in addition to expediting the operation of state factories and involving them within the investment and partnership plans between the public and private sectors.”

“The Iraqi state is distinguished by many enormous capabilities of natural resources or human capabilities and sufficient expertise to revive the economy in a short and not great period, and despite the losses that Iraq suffered from the stoppage of local production, however, Iraqi production can flourish again,” al-Nashee said.

He added that “the government in its ministry should seek to rebuild the large and strategic Iraqi factories such as iron and steel factories, petrochemicals, textile and food processing factories, and provide the Ministry of Agriculture with agricultural biochemical products instead of importing them from abroad such as (urea) and other products that can be manufactured in the country, whose percentage exceeds 90%. % “.  LINK


04/19/2021   The Finance Committee reviewed some data and what it contains from some brothers regarding the fiscal budget law for the year 2021, and would like to clarify the following:

– There is a clear text in the budget – (g) of Clause IV of Article 2 first, which stipulated the following “The Ministry of Finance must adhere to the ceiling of the allocations mentioned in the amended Table B and redistribute those assignments in its two parts, operational and capital, and classify them on the basis of the level of sections, divisions, chapters, materials, types, and the hierarchy of type in the ministries and entities not linked to the Ministry and the governorates in the tables. Attached other ”.

This means that the ceilings and allocations mentioned in the amended Schedule (b) attached to the law are the ruler over the rest of the tables, and that the Ministry of Finance is committed to redistributing the allocations therein, which are ceilings consistent with what has been approved in the body of the law, and there is no defect as Some have tried to promote it.

– That the amount of oil revenues mentioned in the budget includes what is achieved from the sale of the occasional derivatives resulting from insulation, refining and others in addition to what is achieved from the sale of the estimated quantities of oil at their expected prices.

We ask the brothers to examine or question the Specialized Committee to find out any questions, questions, or misunderstandings in reading the provisions of the Budget Law.

Media  Department Parliament   19 April 2021

Al-Kazemi: We Succeeded In Imposing The Mechanisms For The Withdrawal Of The International Coalition Forces

Monday April 19, 2021   228   Baghdad: Morning   The Prime Minister and Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, said: “We have succeeded, through real and responsible constructive dialogue, in imposing legal and time-based mechanisms for the withdrawal of the international coalition forces, after the Iraqi forces have become more ready to assume security duties in the face of ISIS remnants and remnants, and there are still challenges and needs.

It will gradually be available to be fully prepared to assume all tasks, ”revealing“ the formation of a specialized military and technical committee to determine the Iraqi needs and necessities, as well as the mechanisms for handing over tasks from the international coalition forces. ”

Al-Kazemi welcomed, during an iftar banquet attended by a number of leaders and officers of the security and military services, “the heroes of Iraq, the people of Iraq,” expressing “a feeling of happiness and pride as he sits among these good faces and touches the prestige of Iraq, and the trust in its history and values through them.”

On this occasion, he recalled, “The martyrs of Iraq and the wounded heroes who had it not been for their sacrifices, we would not have gathered here. Mercy for the martyrs, and honor and glory for their memory, their families, and the heroes from their brothers in the security forces who continue the march of preserving the security of Iraq with blood and soul,” noting that “we are inspired by the Holy Ramadan. Values of patience and toughness on the situation and a deep spiritual faith, these values represent the essence of humanity.

He also recalled “with great pride the commandments of His Eminence Grand Ayatollah Sistani, which he urged to support the army and security forces, because they are the pillars of protecting the homeland, and the key to its natural role in the region and the world.”

The Commander-in-Chief of the Armed Forces stated: “We are facing historical challenges. Iraq is recovering thanks to its sons and youth, and it is upon us all to have a duty to protect Iraq and prevent the return of the wheel backwards. This is a national mission that every honorable Iraqi carries, and it is your mission mainly.”

He added, “Iraq regains its health does not mean that the challenges have ended, and for this we all have to be more careful, and to activate our national responsibility to face all circumstances and threats, whatever their sources and sizes.”

He stressed that “our security and armed forces are the pillar of the state, the symbol of Iraq and its national identity, and they have a historic responsibility to restore the state’s prestige and rein in everyone who tries to break this prestige.”

He stressed that “Iraq is not a simple country in the region,” explaining that “Iraq is a country that possesses a deep and intertwined historical legacy in the region, and its heroes are the ones who defeated terrorism, and it is our duty to deliver the military and security institutions to the highest level of performance and technical and armed readiness to meet all challenges and fill all Gaps ”.   LINK

The Increase In The Poverty Index In Iraq To 27%

Monday April 19, 2021   229   Baghdad: Shaima Rasheed   The Ministry of Planning indicated that poverty indicators, according to the current price increase, reached between 26 to 27 percent, indicating that it has completed preparing the reform and recovery plan, which will be two years old and work on 3 tracks.

The ministry’s spokesman, Abdul Zahra Al-Hindawi, said in an interview with Al-Sabah: “After raising the dollar’s exchange rate, the inflation index rose by 4.9 to 5 percent, while the primary poverty indicators rose by 26 to 27 percent,” indicating that “in the event of an incidence. New developments and indicators that the ministry will announce later.

He added: “The Ministry of Planning has now completed preparing a reform and recovery plan that responds to the challenges, and taking into account the complex crisis that the country is experiencing, which is the economic crisis and the health crisis, and the resulting increase in poverty, raising prices, inflation and the state of economic downturn that struck the country.”

“This plan will be two years old from 2021 to 2023, and it works on 3 tracks, the first is the economic track, which includes improving the level of the economy and supporting the private sector, and the second is the social track, which includes supporting the level of services in the field of health, education, the return of the displaced and the empowerment of women,” he said. The third is the spatial axis that includes addressing the development gaps in the governorates.

On the 16th of last March, the Ministry of Planning announced a decrease in the poverty rate in the country to 25 percent of the total population, from 31.7 percent in 2020.    LINK

Economic Integration And Cooperation Of The Public And Private Sectors

Monday April 19, 2021  55 Baghdad: Hussein Thahab   Cooperation between the public and private sectors represents the most important steps to enhance the reality of economic development in the country, as linking the private sector with the Ministry of Planning is a necessity to undermine chronic economic problems. Economic integration has a clear path through serious cooperation between the public and private sectors.

Economist Aqeel Jaber Ali stressed, “The importance of expanding the scope of the axes for the development and development of the private sector and linking it to the directions of the Ministry of Planning, in order to achieve advanced proposals and solutions, an atypical process that simulates work and partnership models between the public and the private sector, sophisticated and non-routine models that go beyond bureaucracy and development ideas and opinions.”

True Partnership

He pointed out that “linking the private sector with the Ministry of Planning will benefit both parties and the national economy, as it contributes to researching the priorities of implementing the true partnership between the government sector and the private sector, and discussing framing the foundations and facilitating procedures for partnership between the local and foreign private sector and creating the atmosphere to attract foreign investment, and strengthening the elements of the fertile environment. for him”.

An Advisory Body

And that «closer the relationship between the two parties will have a direct role in stimulating domestic investment and attracting foreign investment to the interior, and re-move the wheel of the economy and solve the problems of the Iraqi economy»,

pointing to «the importance of having a national advisory body economic development (economists, development experts and private sector experts) to supervise On the strategy of the work of the temporary council, to support and develop the private sector council, to ensure the success and permanence of the private sector development, to face challenges with economic experience and developmental economic planning, and to rely on national economic expertise.

Developmental trends

Al-Muhammadawi pointed out to “the possibility of establishing a fund for development and support of the private sector as a financing and incentive function to finance and support private sector projects, and to create effective development directions, including discussing scenarios for private sector partnership with the oil, agriculture, industry and tourism sectors, as well as the financial and banking sector in a manner that achieves the highest degree of benefit to the country. And it treats chronic problems in a way gradual”.

Economic Integration

In turn, a member of the National Action Council, Ahmad al-Rikabi, stated that “economic integration has a clear path represented by serious cooperation between the public and private sectors, and that the performance is in accordance with the roles of the regions in each sector without others, as the public sector that organizes performance and supports the work environment, whose executive tasks are located The responsibility of the private sector ».

He pointed out that “the ingredients for success are available in the country, and Iraq can rise and touch positive change within a short period, when there is an integration between the two public sectors.” LINK

Procedures For Establishing Five New Industrial Cities

Monday April 19, 2021   62Baghdad: Haider al-Rubaie  The Ministry of Industry and Minerals revealed the continuation of measures to establish five new industrial cities in each of Najaf, Holy Karbala, Salah al-Din, Maysan, and Diwaniyah, while it confirmed that the completion rates in the city of Dhi Qar Industry reached 98 percent. According to a statement recently issued by the Government Information Cell, the Ministry of Industry and Minerals prepared a targeted plan within the national project to rehabilitate and operate the stalled factories and factories across the country.

During the last six months of last year, it achieved tangible progress in implementing its government approach and a number of achievements to promote and revitalize the Iraqi industry again, through the implementation of the rehabilitation plan for 83 stalled laboratories.

The plan included, according to the statement, three phases: short-term and included (17) factories, medium-term, which included (24) factories, and long-term, including (42) factories, in addition to establishing production lines and new projects and supporting entrepreneurs and unemployed graduates. Granting establishment licenses and allocating plots of land for industrial projects.

Advanced completion rates

The official spokesman for the Ministry of Industry, Mortada Al-Safi, said in a statement to Al-Sabah that “the completion rates of the industrial city in Dhi Qar governorate reached 98 percent,” indicating that “this advanced percentage was accompanied by similar progress in the industrial cities of the governorates of Basra, Anbar and Nineveh.”

Al-Safi explained, the completion of all the provisions of the contracts (the first and second phase) for the industrial city in Dhi Qar, which consists of four industrial zones, two for light industries and the same for medium industries, indicating that the city is equipped with all the necessary services and infrastructure, to make it a model industrial city, and to be attractive to local investment. And foreign.

The spokesman explained that the completion rates of the first phase of the industrial city in Anbar, which will be built on an area of(3000) dunums, amounted to 65 percent, and the project will be fully completed if the financial allocations are available, indicating that Anbar Governorate enjoys many investment advantages and privileges provided. For investors.

New industrial cities

Al-Safi revealed the continuation of measures to establish other industrial cities in the governorates of Najaf, Karbala, Salah al-Din, Maysan and Diwaniyah, explaining that the Industrial Cities Authority is looking forward to establishing new industrial cities in all governorates of Iraq and establishing new promising industrial projects that contribute to the development and revitalization of Iraqi industry. It also contributes to creating job opportunities for the unemployed and strengthening the national economy.

Addressing economic problems

The government’s approach aimed at reviving the industrial reality was welcomed by specialists in economic affairs, stressing the importance of the step in providing many locally manufactured products and employing thousands of unemployed.

As indicated by the economic expert, Muqdam al-Shaibani, who stated in a statement to “Al-Sabah” that “cities Industrialization is one of the successful formulas in managing the economic process and one of the most important projects and ideas implemented by the state, with the aim of developing the industrial sector in these cities in particular,

because of its effective role in addressing economic and social problems, through the intensification of the capital employed in these cities, describing it as It is one of the most diverse economic sectors that accommodate the workforce in various specialties and technical skills, and the most diversified in the specializations Productivity”.

Al-Shaibani pointed out that “and in view of the great advantages that characterize the industrial cities, many countries, especially the economically developed ones, resort to them with the aim of encouraging investments in the industrial sector, as well as other sectors related to and complementary to it.   LINK

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