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For The Second Day. The Ban Pushes The Dollar To Stabilize

Time: 05/01/2021 09:42:28 Read: 4,446 times  {Economical: Al Furat News} The main stock exchange in the Al-Kifah and Al-Harithiya markets in the Iraqi capital, Baghdad, has stopped trading as a result of the comprehensive ban that was applied during the last period of Friday and Saturday.

Observers indicated that the main stock exchange in Al-Kifah and Al-Harithiya market in Baghdad stopped trading as a result of the implementation of the comprehensive ban.

He added that the selling and buying prices have stabilized in the exchange shops in the local markets, some of which have opened their doors in Baghdad, where the selling price reached 148,250 Iraqi dinars, while the purchase prices reached 147,250 dinars per 100 US dollars.

They indicated that the stock exchange in Irbil, the capital of the Kurdistan Region, did not witness any trading today either because there is an official holiday there.   LINK

Disclosure Of A Diplomatic Movement To Retrieve Iraqi Funds From Abroad

The Ministry of Foreign Affairs confirmed today, Friday, that it has recovered 24 million dollars from Germany of Iraqi funds abroad.  Ministry spokesman Ahmed Al-Sahhaf said in statements that “there is a movement to recover Iraqi funds abroad,” indicating that “the ministry recovered 24 million dollars from Germany.”

He added, “We hope that we will reach clear results in the file of Iraqi real estate abroad, to ensure their security and also confirm their ownership of Iraq.”

He pointed out that “Iraqi companies by the ministry are working with Iraqi embassies in all countries of the world to follow up the file of Iraqi funds abroad.”   LINK

Economic Specialist For / NINA /..Referring Completed Or Semi-Completed Projects For Investment, Theft Of Iraq’s Money

Saturday 01, May 2021 14:53 | Economical Views: 181     Baghdad / NINA / Economic specialist Dergham Muhammad Ali counted, referring completed projects or about to be completed for investment, theft of Iraqi funds and political complicity to plunder the country.

Ali said in a special statement to the Iraqi National Agency for Children ( NINA ), that the intention to refer hospital projects to which the state has spent millions of dollars, as well as power stations, to investment constitutes a theft of the Iraqi people’s money and a dangerous precedent for squandering public money.

He explained, “This step is a bad example of political corruption in managing the country’s economic file in light of the deterioration of the country’s infrastructure, indicating that the state is able to complete and manage these projects with ease and refer them to investment after millions have agreed on them. moral.

And that: Iraq since 2003 until now has witnessed deliberate sabotage by the politicians who ruled it for the infrastructure and hundreds of billions were looted for its reconstruction and made it worse in terms of construction sectors, roads, bridges, energy transmission and distribution networks, health and educational institutions, indicating that the only projects that have been completed are investment projects. In which the corrupt politicians were partners, such as malls and private universities, which have become more than service facilities.   https://ninanews.com/Website/News/Details?Key=902143

Foreign Labor Causes The Removal Of Hard Currency From Iraq

Political| 03:59 – 05/01/2021   BAGHDAD – Mawazine News  The Labor and Social Affairs Committee confirmed, on Saturday, that foreign workers are causing the removal of hard currency from the country.

A member of the committee, Representative Sattar Al-Attabi, according to the official agency, said, “Most of the foreign workers in the country enter legally, but many workers refrain from leaving when their stay ends, which makes their presence illegal,” pointing out that “it is difficult to know how many The money that comes out of Iraq through expatriate workers because there is no statistic at the Ministry of Labor and the authorities concerned with the number of foreign workers.

Al-Atabi added, “The money they get is all out in hard currency, and this is a blow to the Iraqi economy,” indicating that “the entry of that employment had a negative impact and caused an increase in the number of unemployed.”

He explained, “The Iraqi workforce is linked to family, transportation, housing and other matters, and it is completely different from the expatriate worker whose headquarters and residence are inside the workplace, and therefore his wages are lower,” calling on the government to “review the file of the expatriate workers and end the illegal presence of those who have expired. It was established with the aim of providing employment opportunities for the Iraqi workforce and the advancement of the Iraqi economy. ”

He stressed, “The government and the Ministry of Interior have launched several campaigns to deport those who have exceeded the legal periods of residence, but the numbers are still very large, in addition to the presence of concealment and concealment of foreign workers from some homes and owners of factories, stations and restaurants from the eyes of the Ministry of Interior.”

He stressed, “the necessity of issuing strict directives that achieve direct communication between the ministries of labor and the interior to end this phenomenon, pointing out that” the number of foreign workers is estimated in the hundreds of thousands.     https://www.mawazin.net/Details.aspx?jimare=151753

Parliamentary Committee: The House Of Representatives Will Proceed To Approve Laws That Encourage The Private Sector

Saturday 01, May 2021 15:23 | Economical Views: 160  Baghdad / NINA / The Parliamentary Services and Reconstruction Affairs Committee confirmed that the House of Representatives will continue to approve laws that encourage the private sector and meet the aspirations of workers.

A member of the committee, MP Burhan Al-Mamouri, indicated the importance of the Iraqi worker taking his true position in the service and production areas to push the local economy forward, leading to support and care for all the working class in Iraq.

He added, in a press release, that “today we urgently need to activate the private sector as a basic partner for the renaissance of Iraq,” stressing his support for everything that would contribute to protecting the worker and providing guarantees that ensure a decent life. https://ninanews.com/Website/News/Details?key=902148

Parliamentary Energy Calls For A Review Of The Licensing Contracts

Energy  Economy News – Baghdad  The Parliamentary Oil and Energy Committee called on the government and the Ministry of Oil to reconsider the formulation of oil licensing rounds contracts.

Committee member Amjad Al-Oqabi explained, “The licensing rounds have advantages and disadvantages, and one of their pluses is that we did not previously have oil production in this quantity before the licensing rounds, as it saved many oil wells that were on the verge of extinction, and the tours gave a lot of experience to workers in The national oil sector is made up of Iraqi employees and engineers, “according to Al-Sabah.

He pointed out that “licensing rounds were recent to the Ministry of Oil, and there are some mistakes in contracting, perhaps the most prominent of which is contracting for oil extracted in fixed quantities, and the Iraqi government does not have the right to reduce the amount that it contracted in in the Corona crisis, and companies did not reduce the quantities and took the extraction amounts in the same quantities.” This is the problem of the first contract. ”

Al-Aqabi called on “the Ministry of Oil and the government to reconsider and review the issue of these contracts, in a way that guarantees the rights of the Ministry of Oil and the Iraqi people.”

He stressed that “the licensing rounds contributed to the state’s loss of millions of dollars, and that the solution to these problems by forming a committee by the Prime Minister and the Minister of Oil to reformulate these contracts,” indicating that “there are five rounds, each round with a quantity of contracts, and the fifth round that was signed at the end of the year.” The Ministry of Oil did not proceed with it until now, due to the problems it has, most of them on the Iraqi borders.

Al-Aqabi added, “A few days ago, the Ministry of Oil contracted with a Chinese government company to invest Al-Mansouriya gas in the amount of 100 mqqmq for a period of 20 years, and that this achievement is counted by the Ministry of Oil and that it is serious about supplying power stations with this gas.”

Number of observations 7 Date added: 05/01/2021  https://economy-news.net/content.php?id=24973

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