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The Iraq Stock Exchange Closed Higher On Wednesday’s Trading Session

Political| 03:32 – 21/04/2021   Baghdad – Mawazine News   The Iraqi Stock Exchange index closed today, Wednesday, up by 0.42%, to end its trading at 593.27 points.   The volume of traded shares reached 924,383,632 shares.   And 392 cash transactions were concluded, with a value of 1,266,028,430 Iraqi dinars. 6/29 ended

Today, Wednesday, The Ministry Of Communications Announced The Agreement To Establish The First Satellite For Iraq

Author: AhadNA4 On 4/21/2021 – 4:59 PM 80   Ministry spokesman Raad Al-Mashhadani said, in a statement followed by Al-Ahed News: “The Egyptian government launched the initiative to establish the first satellite for Iraq and it was agreed to establish it on an Iraqi-Egyptian initiative,” indicating that “it was agreed with the French company Airbus to implement it. “.

He explained, “This satellite is very important to Iraq, as the number of Iraqi channels has reached 150 satellite channels, in addition to the presence of radio frequencies and what is related to the advanced and modern technological services that serve the Ministry of Communications.”

And Al-Mashhadani added, “Before the end of last year, the Republic of Egypt launched a good moon of twenty twenty, and it is possible to benefit from the Egyptian industrial experience,” stressing “the agreement with the Egyptian side and the Arab Sat Company to establish the first private Iraqi satellite.”

https://alahadnews.net/188014/%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82/%d9%85%d8%ad%d9%84%d9%8a%d8%a7%d8%aa/

Parliamentary Integrity Reveals The Files The Anti-Corruption Commission Is Working On

Author: AhadNA3 On 4/21/2021 – 11:01 AM 80   Today, Wednesday, the Parliamentary Integrity Committee revealed the files that the Anti-Corruption Committee is working on, while it indicated the arrest of public directors and some political figures.

The head of the committee, MP Thabet Al-Abbasi, said, “The Diwani Order Committee 29 began to impose its effectiveness on the ground, through the files it reached, as well as the files submitted by the Integrity Commission and the Office of Financial Supervision.”

He added, “During the past week, there was great activity by the committee to suspend two general managers and some political figures.”

And Abbasi added that “there is a group of files the committee is working on, especially in the fields of electricity, industry and other files,” stressing “his committee’s support for the work of the Supreme Committee.”

On August 30, 2020, Prime Minister Mustafa Al-Kazemi announced the formation of a higher investigation committee into major corruption and criminal offenses files, while indicating that this committee would be granted all the powers to restore the state’s prestige and rights.

https://alahadnews.net/187858/%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82/%d8%a7%d9%84%d8%b3%d9%8a%d8%a7%d8%b3%d9%8a%d8%a9/

Al-Kazemi Directs The Cancellation Of Investment Licenses For Projects Whose Completion Rate Does Not Exceed 35% / Expanded

Wednesday 21, April 2021 15:03 | EconomicalViews: 185   Baghdad / NINA / Prime Minister Mustafa Al-Kazemi directed to cancel all permits for investment projects whose completion percentage did not exceed (35%) by the expiration of the time period available for the implementation of the project, and to send warnings to incomplete projects.

The media office of the Prime Minister said in a press release: “Al-Kazemi visited today the Investment Authority, and was briefed on the progress of work and the obstacles facing investment in the country.”

He added: “Al-Kazemi directed, during his visit, to cancel all licenses for investment projects whose completion rate ranged between (0-35%) and the time period available for the implementation of the project has expired, and the number of projects to which this applies is 1,128 projects.”

He stressed the full commitment to implement the provisions of Article 28 of the Investment Law by sending warnings to unfinished projects. The National Investment Commission shall supervise and follow up the implementation of procedures.

He also directed to withdraw the licenses in the event that the investor does not adhere to the completion period. / End 7   https://ninanews.com/Website/News/Details?key=900357

Today .. Central Bank Sales Of Hard Currency Increased Slightly

Economie| 01:11 – 04/21/2021   BAGHDAD – Mawazine News  , the hard currency sales of the Central Bank of Iraq, on Wednesday, increased slightly, by 2.2 percent.

The daily bulletin of the Central Bank’s foreign currency sale and purchase auction revealed that its sales increased by 2.4 percent to reach 208 million and 244 thousand dollars, explaining that the bank covered it at a base exchange rate of 1460 dinars per dollar.

The daily bulletin stated, “The purchases amounting to 192 million and 464 thousand dollars went to strengthen the assets abroad in the form of transfers and appropriations, while the banks purchased 15 million and 780 thousand dollars in cash.”

She indicated, “31 governmental and private banks have fulfilled the requests to enhance the funds.”

On Tuesday, the central bank’s sales of hard currency reached 203 million, 654 thousand, and 124 dollars. Ended 29 / p4     https://www.mawazin.net/Details.aspx?jimare=150493

Al-Kazemi: We Will Launch A Comprehensive Investment Campaign In Which Iraqi And Foreign Investors Will Participate

Political| 04:20 – 21/04/2021   BAGHDAD – Mawazine News  The Prime Minister, Mustafa Al-Kazemi, confirmed today, Wednesday, that the government is working hard to launch a comprehensive investment campaign with the participation of Iraqi and foreign investors.

Al-Kazemi said, during his visit to the National Investment Commission and to see its departments, functioning and obstacles facing work, according to a statement from his media office Mawazine News received a copy of, that “the Investment Commission has a major role in the reconstruction process of the country, and therefore it must be evaluated and fixed from previous mistakes. .

He added, “There is a defect in the country’s infrastructure and wrong establishment, and this chaos must be worked to end according to sustainable plans and strategies,” pointing to “converting a large number of projects to investment during the past years, but unfortunately most of them are either lagging or fake projects.”

He explained, “There are thousands of dunams that have been acquired for several years without providing any progress or progress in the projects,” stressing the necessity of coordination between the authority and other ministries concerned with investment to accelerate the completion of investment projects.

He stressed, “The National Investment Commission and the authorities in the provinces are required to take the necessary measures immediately to cancel the licenses for projects that recorded a percentage (0 to 35%) and the time period available for the implementation of the project has expired.”

The Prime Minister called on the commission to “take similar measures for projects with very low completion rates for the period of time, and the state’s rights must be fulfilled and its losses from the owners of these projects must be fully compensated.”

And he added, “I personally follow the investment file and I will be held accountable according to the law, for any failure to fix the wrong situation inherited from the past,” promising, “We are working very hard to launch a comprehensive investment campaign in which Iraqi and foreign investors participate.”

He stressed, “Iraq is a great country and has great talents, and we must work hard to take advantage of them and encourage investors to work on strategic projects in the country,” noting that “investment provides a better life for Iraqis, and reduces pressure on the government in the field of recruitment, as it will provide many opportunities for the unemployed.” the work”.

He explained, “Iraq is a golden opportunity for investment, but unfortunately, bureaucratic procedures and corruption are among the reasons that impede investment, and we are working hard to address them,” adding: “Just as we started a campaign against corruption, we must start a major investment campaign, so our country and our people deserve.”

He warned against “leniency with the corrupt or violators or what harms the national interest of the country, and I am supportive of you,” adding: “The decisions we have taken today regarding the lagging and unfinished projects and the withdrawal of licenses will be attacked by the corrupt, but we are going ahead with them and they are part of our reform project.” .

The Prime Minister, Mustafa Al-Kazemi, directed during his visit to the Investment Authority the following:

1- Canceling all permits for investment projects whose completion rate ranges between (0-35%) and the time period available for the implementation of the project has expired, and the number of projects to which this applies is 1128 projects.

2- Full commitment to implement the provisions of Article 28 of the Investment Law by sending warnings to incomplete projects, and the National Investment Commission shall supervise and follow up the implementation of procedures.

3- Vacations are withdrawn in the event that the investor does not adhere to the completion period. Ended 6/29 n    https://www.mawazin.net/Details.aspx?jimare=150523

A Rise In OPEC Oil Prices

Time: 04/21/2021 13:01:38 Read: 2,522 times   {Economic: Al Furat News} The prices of the OPEC oil basket rose slightly, today, Wednesday, to more than $ 65.36, affected by other oil materials.

The Organization of Petroleum Exporting Countries stated in a report that “the price of OPEC’s basket of thirteen barrels of crude rose by 26 cents to reach 65.36 dollars, compared to Tuesday, when the price reached 65.10 dollars.

Some specialists attributed the increase to its impact on other raw materials that are also affected by the growth of the economy.” China is the second largest economy in the world and OPEC’s commitment to restrict production.

The  reference basket of the Organization of Petroleum Exporting Countries (OPEC) consists of the following: Sahara Blend (Algeria), Girasole (Angola), Djino (Congo), Zafiro (Equatorial Guinea), Spring Light (Gabon) ), Heavy Iran (Islamic Republic of Iran) Iran), Basra Light (Iraq), Kuwait for Export (Kuwait), ES Sidr (Libya), Pony Light (Nigeria), Arab Light (Saudi Arabia), Murban (United Arab Emirates) And Miri (Venezuela).   LINK

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