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Institute For Studies: Opinion Polls Deported Foreign Investors From Iraq

Posted On 2021-04-27 By Sotaliraq   Translated by Hamid Ahmed    Corruption from the highest positions to the lowest local political position is one of the main factors preventing Iraq from achieving peace, order and economic progress. The government issued arrest warrants for 58 officials on charges of corruption, and this number is a stark evidence of the depth of corruption in the country.

Between corruption cartels of political officials, businessmen and armed factions who distribute state funds between them, as well as a recent ruling from the International Center for Settlement of Investment Disputes (ICSID), which serves only to establish the status quo and to contain bribes even more, the situation is far from suggesting confidence among the international investment community,

Their assistance is very urgent to help rebuild the country’s collapsed economy, and this also puts increasing pressure on the prime minister, who was elected in accordance with promises to fight corruption.

The stage of the oppressive infrastructure situation in Iraq can be traced back to two decades when the American invasion of the country in 2003 and the emergence of a security vacuum.

America’s attempts failed miserably to reform a parliamentary system in it. This contributed to the establishment of a political system in which patronage flourished and the public sector in which the public sector was unstably inflated. And between 2004 and 2016, the list of public sector employees for the state ballooned from 850,000 to between 7 and 9 million employees, with all top jobs being restricted to those with ties to the elite group.

It is not only government jobs in the country’s departments that are unfairly distributed and granted or sold to the one who pays more as well. Rather, there is a list of the tempting customs office positions in which, according to an AFP report, the price of a junior clerk’s position amounts to more than $ 100,000 as a bribe, to install themselves in profitable places where they accept tampered documents without the authorized quantities of goods and do not clarify the specific load.

In order to reveal the extent of manipulation in some of these types of texts, the government managed to collect $ 818 million in customs fees in 2019, which was considered an important development from the previous year in which the government collected $ 768 million. But the real figure that he is supposed to earn from customs duties is close to $ 7 billion.

Without the slightest doubt, this had a great impact on the country’s citizens, with the unemployment rate reaching 31.7% last year, with poverty rates reaching 41%. People are angry. A recent poll found that 82% of Sons of Iraq are worried or very concerned about high-level corruption, and that public protests have become a regular occurrence. This volatile situation has become unattractive to potential foreign investors.

The damage to the confidence of the foreign investor threatens to inflict further damage on the Iraqi economy, at a time when its unhealthy dependence on the oil industry has already been affected by the fall in oil prices and the lack of demand for it caused by the outbreak of the Corona epidemic.

In fact, Prime Minister Mustafa Al-Kazemi is now dealing with urgent problems on various fronts, despite the fact that corruption remains the common denominator and the general characteristic of all of them, and the major priority in his work program gave him his strong position to address the issue before his election.

And what is counted on his credit, he has made steady steps in this area. Shortly after he assumed power in May of last year, he formed a committee to address corruption across the political system, and within the first three weeks of the committee’s work, at least seven officials were arrested, which revealed his persistence and good management of the case.

Nevertheless, although the issuance of the latest arrest warrants is in itself another escalation on his part in his fight against corruption, the individual arrests are as if you were trying to extinguish an abyss with a water pistol. What he actually needs to do is overhaul the system, which even his senior advisers have acknowledged may be beyond the capacity of the restrained prime minister.

Nevertheless, Al-Kazemi must plot a path through this mess. His action will include arresting and removing rotten apples from the political system as he started his campaign, but this will also require greater integration with civil societies devoted to fighting corruption and creating a stronger and more confident country that alleviates the fears of the international investment community.

The way forward in the fight against corruption is fraught with dangers and it is a long one, but now Al-Kazemi has to tighten his campaign and show himself that he is the right person to lead the Iraqi people in this direction.

For: DavidScores International Institute LINK

To Prevent The Entry Of Prohibited Materials .. Parliament Calls For Stricter Inspection Procedures At The Ports

Time: 04/27/2021 12:43:18 Read: 1,651 times   {Local: Al Furat News} The Parliamentary Agriculture Committee stressed, on Tuesday, the need to tighten inspection procedures at border crossings to prevent the entry of any prohibited materials.

The head of the committee, Salam Al-Shammari, said, “Iraq has trade agreements with many countries of the world that include, in particular, some fruits, vegetables and animal products.” Stressing that “the government must fully coordinate with these countries, whether regional or other, through joint committees to prevent the weak from exploiting these products and introducing prohibited materials with them.”

Al-Shammari stressed “the need to ensure that any product that enters the country is healthy in particular, to keep it away from any danger and eliminate the ways of criminals and corrupt people in their attempts to flood the country with prohibited materials that target youth and pay the price for their children and society in general.” LINK 

Iraq .. Enhancing The Storage And Export Of Crude Oil

Economie| 02:48 – 27/04/2021   BAGHDAD – Mawazine News  The Basra Oil Company has begun implementing plans to maintain, rehabilitate, and increase the capacities of the storage and export system at oil sites and ports, while confirming the continuation of understandings with the Kuwaiti side to invest in joint fields.

Meanwhile, the company drew contacts with its French counterpart, Total, to reach contractual understandings to implement four diverse mega projects.

The director of the company, Khaled Hamza Al-Shara, said, according to the official newspaper, that “the Ministry of Oil has started maintaining, rehabilitating and increasing the capacities of the storage and export system at the oil sites and ports to absorb the available quantities extracted from crude oil from the oil licensing fields in West Qurna, Rumaila, Zubayr, and the national effort, including the fields of Nahran Omar, Artawi and Lahis. ”

He pointed out that “the rate of total crude oil exports for the month of April from the Basra oil ports is stable at two million and 700 thousand standard barrels per day.”

Al-Shara added, “Oil production will continue at this declared level, in accordance with ministerial instructions under the OPEC Plus agreement.”

He explained that “the rate of crude oil production in the Basra fields currently touches 2 million and 570 thousand barrels,” indicating that “the recent agreement of OPEC imposed on member states a reduction rate to control the market balance, and the supply resulting from the increase in production and the collapse of global demand as a result of the repercussions of the Corona virus on economies. Producing and industrialized countries. ”

OPEC + Advances Its Meeting On The Oil Market

Time: 04/27/2021 11:28:02 Read: 1,781 times   {Economic: Al-Furat News} A source and a document reported to “OPEC +” that the countries of the “OPEC +” group will hold its meeting of the Joint Ministerial Monitoring Committee today, Tuesday, instead of tomorrow, Wednesday, as was scheduled earlier.

The countries of the “OPEC +” group will hold a meeting to discuss the situation in the global oil market, especially in light of the Corona virus crisis.

The Secretary-General of “OPEC” Muhammad Barkindo said yesterday that “OPEC” sees positive signs in the development of the global economy and the prospects for the oil industry.

Earlier, Russian Deputy Prime Minister Alexander Novak told reporters that the meeting aims to analyze and consider the current situation in the global oil market. He pointed out that until now, the market is assessed as being balanced.

OPEC + has reduced its production by 9.7 million barrels per day since 2020 due to the decrease in oil demand caused by the Coronavirus pandemic, and the cuts were revised to 6.9 million barrels per day this April.

In May, the cuts are supposed to be reduced to 6.55 million barrels per day, to 6.2 million barrels per day in June 2021, and to 5.76 million barrels per day in July 2021.   LINK

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