Iraqi News Highlights Friday Afternoon 10-14-22
Tlm724 Administrator Bondlady’s Corner
The US State Department Welcomes The Election Of The President Of The Republic And The Assignment Of Al-Sudani
political| 08:46 – 14/10/2022 Follow-up – Mawazine News, the US State Department welcomed the election of Abdul Latif Rashid as President of Iraq, and the assignment of Muhammad Shia Al-Sudani to form the new government.
“We urge the political leaders who will form the new government to heed the will of the Iraqis who voted for a government that responds to their needs. The United States also urges all parties to avoid violence and resolve differences amicably and peacefully through the political process,” State Department spokesman Ned Price said in a statement.
“The United States reaffirms its commitment to partnering with the people and government of Iraq to advance our many shared priorities. We look forward to continued strong cooperation between our two countries,” he added. https://www.mawazin.net/Details.aspx?jimare=208211
Latif Rashid: I Pledge To Be President For All Iraqis Without Discrimination
Political | 03:21 – 14/10/2022 Baghdad – Mawazine News On Friday, the elected President of the Republic, Abdul Latif Rashid, pledged to be the president of all Iraqis without discrimination.
Rashid said in a tweet via Twitter, followed by “Mawazine News”, “I extend my heartfelt thanks to the representatives of the honorable Iraqi people and all political forces, for giving me their confidence.”
He added, “He pledges to work hard to protect the constitution, the sovereignty of the country and the interests of the people, and to be the president of all Iraqis without discrimination.”
Yesterday, Thursday, the Iraqi parliament elected Abdul Latif Rashid as President of the Republic, who in turn assigned Muhammad Shia Al-Sudani to head the government. Ended 29/R77
https://www.mawazin.net/Details.aspx?jimare=208242
Blackshart Congratulates The Sudanese On His Assignment To Form The Government
02:47 – 14/10/2022 Baghdad – Mawazine News congratulated the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert, today, Friday, Muhammad Shiaa Al-Sudani, for assigning him to form the new government, while she expected that this would pave the way for addressing urgent and outstanding issues in Iraq. https://www.mawazin.net/Details.aspx?jimare=208240
Al-Sudani: I Will Tackle Inflation And Unemployment
Muhammed Shiaa Al-Sudani Economy News – Baghdad Muhammad Shia Al-Sudani, who is in charge of forming the next government, announced that he will tackle inflation and unemployment in Iraq.
Al-Sudani said, in his speech broadcast by his media office and seen by Al-Iqtisad News, “I will do my best to form a strong government that is determined to implement its goals and program.”
He added, “We will not forget the true demands of our youth, and we will work with dedication and sincerity to address the accumulated problems and crises, foremost of which are the lack of services, poverty, inflation and unemployment, and to work to provide job and housing opportunities, and to improve the health, educational and educational reality, the youth and sports sector, and to empower women and guarantee their rights.”
He stressed that our work will start from the first hours of assignment according to a realistic government program that adopts economic reforms aimed at revitalizing the industrial and agricultural sectors, supporting the private sector, diversifying sources of income, addressing environmental impacts, desertification, climate change, and protecting water resources.
23 . views Added 10/14/2022 – 3:56 PM Update 10/14/2022 – 4:32 PM
https://economy-news.net/content.php?id=30204
Al-Sudani: I Will Present My Government Formation As Soon As Possible, And I Promise To Present A Strong Squad Capable Of Building The Country
The person in charge of forming the new government, Muhammad Shia Al-Sudani, confirmed that he will present his formation as soon as possible.
Al-Sudani said in a brief statement: “I will present the government formation as soon as possible.”
Al-Sudani also pledged to present a strong government formation capable of building the country.
Al-Sudani said in a tweet on his Twitter account, “Thank God and thank you to the representatives of the people who gave me their confidence in assigning me to form the government.”
He added, “I promise the Iraqis that I will meet their expectations by presenting the cabinet formation as soon as possible, and that it will be a strong government capable of building the country, serving citizens, maintaining security and stability, and building balanced international relations.”
On Thursday evening, the elected President of the Republic, Abdel Latif Rashid, assigned the Sudanese to form the new government. https://www.radionawa.com/all-detail.aspx?jimare=31644
The United Nations: Assigning Al-Sudani To Form A Government Paves The Way For Addressing Iraqi Issues
Friday 14 October 2022 15:11 | political Number of readings: 98 Baghdad / NINA / – The Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert, confirmed that assigning candidate Muhammad Shia Al-Sudani to form the new government paves the way for addressing urgent and outstanding issues in Iraq.
“On behalf of the United Nations Assistance Mission for Iraq, I would like to extend my sincere congratulations to you on the occasion of your assignment as Prime Minister of the Republic of Iraq,” Plasschaert said, in a press statement today, Friday.
She added, “We hope and expect that the formation of the government will pave the way for a government program that addresses Iraq’s long list of urgent and pending issues and meets the needs of the Iraqi people.” / End 5 https://ninanews.com/Website/News/Details?key=1007567
Economist: The New Government Has A Golden Opportunity To Reduce The Dollar Exchange Rate
Posted On10-14-2022 By Sotaliraq The economic affairs specialist, Muhammad Al-Saadi, confirmed that the new government has a golden opportunity to reduce the exchange rate of the dollar in the local markets and raise the value of the Iraqi dinar, pointing out that all conditions are prepared for this measure.
Al-Saadi said that “Iraq achieved a great financial abundance after the significant rise in international oil prices, which raised the central bank’s reserves to more than 80 billion dollars.”
He added, “The increase in oil prices and cash reserves will enable the new government to gradually reduce the dollar exchange rate during the next stage, as this is considered one of the first decisions that can serve the people.”
And he indicated that “there is a suitable ground to attract foreign investments to establish oil refineries in the governorates and work to export derivatives and thus return to the country with large revenues, in addition to achieving self-sufficiency in derivatives, and in the end, the government’s high exchange rate achieved can be achieved through other doors.” finished 25 LINK
Al-Rabee Brokerage Index In The Iraqi Stock Market Increased By 3.4% Last September
Posted On10-14-2022 By Sotaliraq After the recent events and protests in Iraq that caused massive unrest across the country, the Iraq Stock Exchange Brokerage Company (ISX) Al Rabeeh Index took a surprising turn and increased by 3.4% in September 2022.
“As the political situation in Iraq continues to dwindle, we remain steadfast in the hope that trading volumes will continue to increase, as outlined last September,” said Ms. Aysigül Ozge Özgur, Head of Research at Al Rabie Stock Exchange Brokerage Company. Foreigners invest in the Iraqi Stock Exchange, and that our monthly trading volumes have increased since last August.
The total trading volume in the Iraq Stock Exchange decreased by 49% compared to last August, to 17.1 million US dollars last September, as a result of the decrease in cross transactions, and with the exception of cross transactions, the monthly trading volumes of the Iraq Stock Exchange increased by 32.8% compared to August, to reach US$13.1 million in September.
The figures indicate that the banking sector had the largest share in the trading volume with 58.3%, followed by the telecommunications sector (10.9%), then the industry (8.3%), then the agriculture sector (7.9%), then the hotel and tourism sector (7.4%), and the services sector (7.2%), foreign shares in total trading volume rose from 4.8% in August to 8.3% in September.
And the Mosul Games Cities Company, a company listed on the Iraq Stock Exchange, distributed its profits during the month of September, with a return rate of: 1.0%. Shares of 28 companies rose in September, of which 17 companies increased by more than 5%, and 11 by more than 10%. Al-Khair Financial Investment Company recorded the largest increase of 77.8% during the month. LINK
Adviser To The Prime Minister Calls For The Abolition Of The Ministries Of Oil And Electricity And The Establishment Of The Ministry Of Energy
Energy Economy News – Baghdad On Thursday, Adviser to the Prime Minister, Abdel-Hussein Hanin, called for the abolition of the ministries of oil and electricity, and the establishment of the Ministry of Energy.
Haneen wrote in a post on his Facebook wall, “Talking about reform will not be fruitful without turning into a brave and realistic application that refuses to listen to the undecided and the beneficiaries, and there is no file in Iraq in which reform can be started better than the energy sector, because it still represents 95% of Iraq’s direct financial imports.
He added, “As for the reluctance to reform this sector and to be satisfied with talking (entertainment) in seminars and conferences, it means more waste and lost opportunities, and consequently the continued decline of the development total for the rest of the other sectors, as energy is considered the locomotive that leads the economy and that the energy sector in Iraq is still It is the most dangerous place in contracts, and it is the focus of exceptional decisions that go beyond the instructions for concluding contracts, and do not take into account the instructions for implementing the budget law, under the pretext of the lack of competition and the monopoly of contracted companies.
He continued, “That is why I think it is imperative that we courageously abolish the ministries of oil and electricity, and establish the Ministry of Energy with a law or a temporary bylaw that complies with the law of the ministry to be legislated later, and we believe that this ministry should include:
1- The National Oil Company instead of the Ministry of Oil
2- The National Electricity Company instead of the Ministry of Electricity
3- The National Gas Company instead of the gas companies in the Ministry of Oil
4- The Iraqi Atomic Energy Commission
5- All the remaining current companies and institutions of the Ministry of Oil that are not associated with any of the above companies
6- Energy Research Center – Establishment New: with international standards and is concerned with everything that would develop the energy sector in Iraq, including the local and external energy market
7 – Iraqi Energy Information Administration- IEIA) – new establishment
683 views Added 10/13/2022 – 7:23 PM Update 10/14/2022 – 4:40 PM
https://economy-news.net/content.php?id=30200
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