Bondlady’s Corner Friday Evening

  In Bondlady’s Corner 

Iraqi News Friday Evening

 

TLM724 Administrator BondLady’s Corner

 

The Central Bank Of Iraq Participates In A Symposium On Its Development Initiatives At The Baghdad International Book Fair

 

May 27, 2022  Today, Friday, the Central Bank of Iraq participated in the intellectual symposium on the development initiatives of the Central Bank of Iraq and its impact on bridging the government financing gap, which was organized by the Department of Economic Studies in Dar Al -Hikma on the sidelines of the Baghdad International Book Fair.

 

The Deputy Governor of the Central Bank of Iraq attended the symposium, which witnessed a remarkable presence, stressing that the Central Bank of Iraq has a major and effective impact on the advancement of the reality of the country since its foundation, especially in the transformations that the country witnessed during the past years, indicating that  the initiatives of the Central Bank of Iraq in various sectors have paid the wheel Economic for the country towards progress and created more job opportunities.

 

The MP reviewed the benefits of raising the exchange rate of the dollar.

 

At the end of the symposium, the deputy answered all inquiries, questions and interventions from the public.  The Central Bank of Iraq     information Office      27 – May – 2022  LINK

Central Bank: Iraq’s Reserves Amounted To 74 Billion Dollars

 

Economie| 06:48 – 26/05/2022  Baghdad – Mawazine News, Thursday, the Central Bank of Iraq announced the size of Iraq’s reserves of foreign currency, while noting that the Iraqi economic situation is very excellent compared to the countries of the region and its neighbors.

 

In a video clip followed by Mawazine News, the Director General of Investments at the Bank, Mazen Sabah Ahmed, said that “Iraq’s foreign currency reserves amounted to 74 billion dollars, distributed geographically between 8 to 9 major countries, with various forms and assets.”

 

He added, “This relatively high level makes Iraq in a comfortable position in terms of the adequacy of the level of foreign reserves,” reassuring “about the level of Iraq’s foreign reserves.”

 

He stressed that “the economic situation is very comfortable,” calling on government agencies to take advantage of this financial abundance,” noting that “the Iraqi economic situation is very excellent compared to the countries of the region and the neighborhood.”  LINK

Central Bank: Iraq’s Foreign Currency Reserves Amounted To 74 Billion Dollars

 

Thursday, May 26, 2022 6:41 PM  National News Center/ Baghdad  Today, Thursday, the Central Bank of Iraq announced the size of Iraq’s foreign currency reserves, while noting that the Iraqi economic situation is very excellent compared to the countries of the region and neighboring countries.

 

In a video clip followed by the National News Center, Mazen Sabah Ahmed, Director General of Investments in the Bank, said that “Iraq’s foreign currency reserves amounted to 74 billion dollars, distributed geographically between 8 to 9 major countries, with various forms and assets.”

 

He added, “This relatively high level makes Iraq in a comfortable position in terms of the adequacy of the level of foreign reserves,” reassuring “about the level of Iraq’s foreign reserves.”

 

He stressed that “the economic situation is very comfortable,” calling on government agencies to take advantage of this financial abundance.

 

Ahmed indicated that “the Iraqi economic situation is very excellent compared to the countries of the region and the neighborhood.”   LINK 

Parliamentary Investment Reveals Its Plan With The Government To Attract Investors

 

Economie   Today, Thursday, the Parliamentary  Committee on Economy and Investment revealed a new work plan with the government to attract foreign investors and British companies to the country.

 

Committee member Hussein Al-Sabri said in an interview with the “National News Center”, that “the committee has a plan of action with the current government in order to create a good environment for foreign investment,” stressing that “the committee worked on preparing entry visas and raising the customs tax from foreign investors with the aim of attracting them to country.”

 

He added that “the committee held several meetings with private sector companies to provide the largest possible number of job opportunities for graduates and other people.”

 

He pointed out that “Iraq is on a date with European and British companies to invest inside the country,” explaining that “foreign investment will create great opportunities for the unemployed.”

 

The private sector in Iraq is witnessing great slack as a result of the spread of uncontrolled weapons and the lack of a safe environment for it, as well as the lack of orientation of previous governments to this sector.    https://nnciraq.com/130879/

 

Finance Minister: Direction To Build New Industrial Cities Capable Of Attracting And Providing Job Opportunities

 

Economie  National News Center/Baghdad  Today, Thursday, Finance Minister Ali Allawi revealed the intention to build new industrial cities and lift restrictions on free zones.

 

Allawi said in a speech during a workshop sponsored by him under the title: (Free Zones and Industrial Cities Capable of Attracting and Providing Employment Opportunities) with the participation of a number of governors and directors of the concerned departments and its follow-up / the National News Center /, that “the free zones are part of the country’s trade and economy, in the eighties. In the 1990s, there were no free zones, but after the oil revolution, free zones entered the Arabian Gulf,” stressing “the need to benefit from global experiences in the field of economic and industrial cities.”

 

He added: “Our situation in Iraq needs a new look, as we are thinking of establishing new industrial cities and working to lift restrictions in the free zones,” pointing to “the importance of finding investment-attractive laws to encourage the private sector.”

 

And he indicated that “the economic zone must have a leading role in the economy,” noting that “there is a law for free zones, and it is necessary to know whether it has succeeded or needs to be modified or integrated.”

 

He continued, “We must think about how to organize and develop industrial cities, and what legislation is required and its purpose,” explaining that “the existing obstacles are very big because building new cities is difficult.”

 

He stressed “the importance of improving the workforce through industrial cities, knowing tax and non-tax incentives, and thinking that cities should be an export base,” pointing out “the need to develop a strategy during the next 10 years.”

 

Allawi stated that “it is possible to establish new banks through the industrial cities, which play a major role.”    https://nnciraq.com/130777/

 

 

Air Navigation.. An Agreement That Enhances Iraq’s Role In Air Traffic Towards Europe And Roles That Invest In Technologies

 

Investigations and Reports     Baghdad – INA – Muhammad Salim Photography: Hussein Ammar

 

The General Company for Air Navigation Services, one of the formations of the Ministry of Transport, confirmed that an agreement had been reached with Emirati airlines allowing the use of Iraq’s airspace for flights to Europe, and while it explained its details and practical roles that invest advanced technologies, it announced the completion of 80 completion % of the construction works of Karbala International Airport, stressing that it will turn into an international transit station.

 

The technical assistant to the Director General of the General Company for Air Navigation Services, Director of the Control Tower, Wissam Samir Al-Asadi, said in an interview conducted by the Iraqi News Agency (INA), that “Karbala International Airport, whose completion rate exceeded 80%, will be a very important international transit station for planes transiting to the Gulf or to other countries.” Europe”.

 

The Services Provided

 

and Al-Asadi added that “the services provided by air navigation start from the ground until leaving the destination, as well as many procedures that are used for the arrival of the plane to the intended airport in terms of converting the plane from the control tower unit after a height of three thousand feet to the approach unit and after the height to 23 thousand Foot turns into the unit of the area down to the intended airport and vice versa.

 

Airspace Penetration

 

In talking about cases of airspace penetration and the procedures followed in the event that this occurs, the Director of the Control Tower, Wissam al-Asadi, clarified that “there are no planes penetrating Iraqi airspace, and the work of air navigation is joint with civil and military planes, and while there was any penetration from military planes, we have contact with The concerned authorities, through liaison officers affiliated to the Air Force and Air Defense, are notified of a violation.

 

As for civil aircraft, there are approvals obtained from the Air Transport Facility Division to obtain their permission to cross, enter and exit Iraqi airspace.

 

And regarding the classification of the level of risk in air traffic control, Al-Asadi pointed out that “this work is classified as the third most dangerous profession in the world, and the error rate in it must be zero, because any error exposes aircraft to major disasters that harm the safety of passengers and crew, as well as compensation estimated in millions of dollars.

 

This issue may also cause a crisis between the two countries, as the error rate at the air traffic controller is zero percent, “stressing at the same time that

 

Iraqi air navigation cadres are subject to several intensive training inside and outside Iraq and follow the instructions and laws of the World Aviation Organization.”

 

For his part, the Director of the Air Traffic Department, Ali Abbas Shaalan, spoke to the Iraqi News Agency (INA), about a new agreement with the UAE airlines, noting that the Emirati companies had been using Iraqi airspace for more than 10 years from the Gulf and to European countries and vice versa, and the

 

UAE company was warning against crossing Over the airspace of the second corridor that goes to Ankara, and after the agreements concluded with the Operations Division and the Unit of the Region and with the International Civil Aviation Organization and coordination with it, there was a preliminary approval for the transit of Emirati flights over Iraqi airspace as a preliminary approval on the second line (Kuwait – Ankara)

 

Technical Obstacles

 

Shaalan said that “there are technical obstacles facing the work of air navigation, the most important of which is the installation of new devices in areas that are not fully secured, as we face difficulty in installing radars or navigational devices specialized in the work of the company that helps in radar detection of transiting or descending planes in Iraqi airspace, and this is the most important technical problem facing the work of air navigation.

 

Staff And Training

 

The Director of the Air Traffic Department explained that “the air navigation cadres have undergone courses and trainings outside Iraq, as well as internal courses that took place at the Civil Aviation Institute of the Aviation Authority,” noting that these courses make the trainee a specialist until he begins to work in the navigation profession and then undergoes practical training in Navigation room until the trainee reaches a stage that qualifies him for field work.   https://www.ina.iq/156665–.html

 

 

 

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