BondLady’s Corner

  In Bondlady’s Corner 

TLM724 Administrator BondLady’s Corner

The Markets Are Witnessing A Rapid Rise In Prices

Tuesday 04th May 2021  77  Baghdad: the pillar of the emirate    The adjustment of the exchange rate and the devaluation of the (dinar) against the dollar was accompanied by a sharp and rapid rise in public prices of food, construction, and pharmaceutical consumables, despite the government and parliament’s calls to monitor prices and limit their rise, but they did not witness a decrease, despite the distribution of the ration card items for the month of Ramadan, It witnessed an unprecedented rise in the prices of lands and housing units in Baghdad and the governorates, which negatively affected the economic life of citizens.

The merchant Abdullah Al-Hassan told Al-Sabah Al-Iqtisadi that “the local (wholesale) markets witnessed a rise in prices. A bag of rice rose from 35 thousand to 51 thousand dinars, while the beans increased from 42 thousand to 48 thousand dinars, in addition to the prices of tea.

The carton was from 35 thousand to 42 thousand dinars, while edible oil was the most affected by these changes and its prices increased significantly in the local market. ”

pharmaceutical

The pharmacist, Asaad Muhammad, told Al-Sabah that “the prices of medicines have witnessed noticeable increases,” indicating that “the reason is that most of these medicines are imported from international sources in hard currency, the American dollar. The reason is that the raw materials used in the manufacture of these medicines are imported from abroad.

Real estate

Al-Sabah had a stand with offices selling lands and housing units, who reported that real estate prices, especially in Baghdad, witnessed unprecedented increases in the history of real estate sales.

Ibrahim Al-Ali, the owner of a real estate office, said: “The high-end residential neighborhoods in the Karkh side, such as Al Mansour, Al-Dawoodi, Al-Yarmouk, Al-Qudah, Al-Sayeda, Zayouna, Palestine Street, Cairo and Al-Waziriya neighborhoods in Al-Rusafa have also witnessed unprecedented rises, and the price per square meter has reached some areas of Baghdad.” To 3000 dollars, and now dealing in dollars per square meter without the dinar.

Elevation level

In a related context between a member of the Center for Arab and International Studies of Al-Mustansiriya University, Dr. Amr Hisham, “The price hike was expected due to the devaluation of the national currency, as the level of rise is usually associated with what is known as the elasticity of demand for the commodity.”

He explained, “The more important the commodity to the consumer, the lower its elasticity, such as medicine and some types of basic foods. Therefore, the prices rise with the same devaluation or sometimes higher, with the exploitation of certain seasons such as Ramadan, for example.”

And Hisham added, “The second issue remains is the national production capacity for compensation for imports, which is a limited capacity in the case of the Iraqi economy, due to the weakness of the national production base and the floundering of economic policies that support the development of this base.” LINK

Al-Kazemi Accepts The Resignation Request Of The Minister Of Health And Environment

Time: 05/04/2021 16:22:00 Read: 3,042 times   {Politics: Al Furat News} The Prime Minister, Mustafa Al-Kazemi, approved today, Tuesday, the resignation request submitted by Minister of Health and Environment Hassan Al-Tamimi, after the issuance of the report on the investigation committee formed against the background of the Ibn Al-Khatib hospital incident.

The Council of Ministers had voted in its session held today, Tuesday, on the recommendations of the investigative committee formed according to Cabinet Resolution (140 of 2021) regarding the Ibn Al-Khatib Hospital fire accident and included the imposition of several disciplinary penalties against the director of Ibn Al-Khatib Hospital, his administrative assistant and the civil defense official, exempting them from their positions and removing them from their positions.

The hospital director has a functional degree, and the decisions included relieving the Director General of Al-Rusafa Health from his position, and ending the case of withdrawal of the hand stipulated in Cabinet Resolution No. (140 of 2021) against the Minister of Health and the Governor of Baghdad.   LINK

Activating The Outcomes Of The Strategic Dialogue And Developing Cooperation, The Focus Of The Meeting Of Al-Halbousi With The American Delegation

Time: 05/04/2021 17:12:58 Read: 611 times   Today, Tuesday, House Speaker Muhammad al-Halbousi received the US government delegation headed by the White House Coordinator for the Middle East and North Africa, Brett McGurk, and included the US State Department advisor, Mr. Derek Chollett, Assistant Secretary of State for Near Eastern Affairs, Mr. Joy Hed, and the Deputy Assistant Secretary of Defense. For Middle East affairs, Ms. Dana Stroll.

The meeting discussed developing cooperation between Iraq and the United States of America in the security, economic, cultural and commercial fields, as well as health in light of combating the Corona pandemic, as well as the importance of activating the outcomes of the strategic dialogue between the two countries.

During the meeting, His Excellency stressed the importance of strengthening cooperation and coordination between the two countries in all fields, and supporting the security and stability of Iraq.

For its part, the delegation expressed the continued support of the United States of America to Iraq, their commitment to the strategic partnership, and work together for a strong, sovereign Iraq.  LINK

Al-Kazemi And An American Delegation Discuss The Withdrawal Of Combat Forces From Iraq  

Time: 05/04/2021 15:03:52 Read: 1,651 times   Prime Minister Mustafa Al-Kazemi received today, Tuesday, the US government delegation headed by the White House Coordinator for the Middle East and North Africa, Brett McGurk, and included US State Department Adviser Derek Chollet, Assistant Secretary of State for Near Eastern Affairs Joy Hed and Deputy Assistant Secretary of Defense for Middle Eastern Affairs Dana Stroll.

During the meeting, they discussed coordination and joint cooperation in various fields, and emphasized the activation of the outcomes of the strategic dialogue between Iraq and the United States of America, especially with regard to the withdrawal of combat forces from Iraq and the development and expansion of cooperation in the economic, cultural and commercial fields.

During the meeting, they also discussed the issue of cooperation in the health field and combating the Corona pandemic, as well as assistance in providing support for the rehabilitation of some health institutions in Iraq.   LINK

Britain Sends Military Forces To Fight ISIS In Iraq

Time: 05/04/2021 14:28:27 Read: 1,534 times   {Umniah: Al Furat News} “Express and Star” newspaper reported that British fighters will join the fight against the remnants of the so-called “ISIS terrorist in Iraq and Syria.”

The newspaper said that eight stealth fighters of the British Royal Air Force, and ten “F35B” aircraft from the US Marines will be sent from the ship “HMS Queen Elizabeth”, which cost 3 billion pounds sterling, which will go to Asia, accompanied by Six Royal Navy ships, a submarine, 14 marine helicopters, and the Royal Marines.

Express and star pointed out that the famous “Dambusters” Squadron, or “617” Squadron, has been assigned to operate aircraft to support anti-ISIS operations in Iraq and Syria.

The British Ministry of Defense said that the “F35B Lightning Fast” aircraft will join Operation “Schader” from “Carrier Strike Group (CSG21)” to prepare for a strong strike against “ISIS”.

The Commander of the British Air Force, Marshal Sir Mike Wigston, told the PA news agency that he had “no doubt that violent extremism and the toxic ideology on which ISIS is based are still rooted in the region.”

Speaking about the upcoming operation, Sir Mike said: “We will carry out operations in support of the government of Iraq, and fight the remnants of ISIS in Iraq and Syria, and we will continue to transfer the fighting to them in their sanctuary where there is no escape from that, as they threaten the streets of the United Kingdom and our allies.”

He continued, “It’s something that the Air Force has been doing very effectively now since 2014, and the Royal Air Force has played a big role in this success.”

He continued, “ISIS is no longer a land force, an occupying power, as it was in 2015 and 2016.”

“Over the past two years, we have been identifying the enclaves in which they dug strongholds in the mountains in remote areas, and we helped the Iraqi government remove those pockets … But I have no doubt that the violent extremism and the toxic ideology on which ISIS is based is still rooted in that region,” he said.

So we still have an important role, and I’m quite clear in my belief that what we do every day – and I have a squadron of Typhoon and other aircraft already deployed and have fought for many years – is making the UK’s streets safer by taking the fight to violent extremists in their havens in Iraq. And Syria. ”

When asked if a deadline looms for the fight against ISIS, Sir Mike said: “I am very encouraged by the progress, skill and development of the Iraqi security forces..their ability to take full responsibility for the security of their sovereign lands is getting stronger day by day, and at the end of the day.” This will be the point where the support of allies such as the United Kingdom, the United States and others is no longer necessary. ”

And he added, “I do not want to set a date for that, but I have great faith in the progress that the Iraqi forces are making.”   LINK

Tags: , /