Iraqi News Highlights Friday Afternoon 11-4-22
Tlm724 Administrator Bondlady’s Corner
Al-Sudani: A Package Of Directives To Strengthen The Performance Of The Implementation, Legislation And Oversight Systems, Including Working To Recover Iraqi Funds Abroad
Friday 04 November 2022 16:38 | political Number of readings: 222 Baghdad / NINA / – The Prime Minister, Muhammad Shiaa Al-Sudani, during the second regular session of the Council, held on November 1, 2022, directed the relevant authorities to take what is required, each according to its competence; To implement the following…
- Enable the House of Representatives to perform its legislative and oversight role, and to communicate with parliamentary committees within its constitutional duties in legislation and oversight.
- Create a clear vision; To administer the ministry, review and simplify procedures for citizens’ transactions.
- Granting sufficient space for professional media to cover the minister’s tours and the ministry’s activities.
- The Ministry’s coordination with the relevant authorities; To prepare the government program for the Ministry within a maximum of three weeks, starting from the date of issuing this directive; To be discussed and approved by the Council of Ministers, taking into account not to expand the government program.
- Coordination of the members of the Cabinet, with the Governors; To overcome the obstacles faced by the provinces.
- Urgently review the Ministry’s budget, give priority to lagging and stalled projects, and end their problems.
- Evaluating the performance of employees in a fair scientific and professional manner, and sorting out the good among them and rewarding them; To be effective tools and support for the work of the Minister in the Ministry.
- Check the contracts signed by previous governments, and verify their integrity, in accordance with the controls and instructions in force.
- Processing the notes of the Federal Office of Financial Supervision, according to the specified timelines.
- Cooperating with the Federal Integrity Commission, and facilitating the performance of its work tasks.
- Emphasizing the importance of recovering Iraqi funds abroad that were obtained by some persons illegally, in coordination between your ministry and the Ministry of Foreign Affairs, and adopting this as an important criterion in establishing political and economic relations with countries.
- Single Window Confirmation; To facilitate the work of investors and to stay away from routine.
- Activating the work of the amended Iraqi Products Protection Law (11 of 2010); To support the local product.
- Activating the revised Export Fund Support Law (6 of 1969), facilitating export procedures and supporting exporters; to revitalize the private sector.
- Supporting the tourism sector, by activating the work of the Council of Ministers Resolution (154 of 2022)../End of 5 https://ninanews.com/Website/News/Details?key=1011934
Will Iraq Use An International Team To Investigate The Theft Of The Century?
Political | 06:11 – 04/11/2022 Special – Mawazine News, Representative of the State of Law coalition, Muhammad Al-Sihoud, revealed, on Friday, the possibility of Iraq using an international team to investigate the theft of tax authority funds, known in the media as “the theft of the century.”
Chihod said in an interview with “Mawazine News” that “the local expertise and the investigators in the Integrity and Financial Control Commission are specialists in the field, and that this file was strongly adopted by the Prime Minister,” noting that “the case has many details that are not intended to be announced, so as not to influence the situation.” The investigations are progressing, and there is no need to recruit or participate in any external team or investigator.”
He pointed out, “The heavy legacy of corruption left by the Al-Kazemi government is great, and this legacy is normal, from the point of view of the safety of punishment, and literature has become worse.” Ended 29 https://www.mawazin.net/Details.aspx?jimare=210225
Iraq Is Expanding Its Share In The European Oil Market
Economie| 11:22 – 04/11/2022 Baghdad – Mawazine News The Iraqi Oil Marketing Company “SOMO” intends to expand its share in the European market amid the decline in Russian imports to the region and its need to provide alternatives.
Alaa Al-Yasiri, head of the company, said that “the work mechanisms of the Oil Marketing Company are focused on ensuring the preservation of the marketing shares of Iraqi crude oils in the most important global crude oil markets, such as Asia, America and Europe.”
He added, “The company is currently working on expanding its share in the European market, investing in the decline in Russian imports to this region and its need to provide alternatives.”
In a related context, Iraq’s oil revenues rose during the month of October by 20.8 percent on an annual basis, supported by the increase in oil prices and the amount of exports.
According to a statement by the Iraqi Oil Ministry, oil revenues amounted to about $9.3 billion.
It is noteworthy that Iraq is the second largest producer of crude oil in the Organization of Petroleum Exporting Countries after the Kingdom of Saudi Arabia, with an average daily production of 4.6 million barrels. https://www.mawazin.net/Details.aspx?jimare=210192
Low Oil Prices
Economie| 08:45 – 04/11/2022 Follow-up – Mawazine News: Oil prices fell in early transactions, today, Friday, continuing the losses of the previous session, due to fears of raising US interest rates at a greater rate than expected before, as well as new fears of the “Covid-19” outbreak, which will undermine the demand for fuel. In China.
Brent crude futures fell 22 cents, or 0.2%, to $ 94.45 a barrel, after falling 1.5% in the previous session, with contracts heading for a decline of more than 1% this week.
And West Texas Intermediate crude futures fell 27 cents, or 0.3%, to $ 87.90 a barrel, adding to a 2% decline in the previous session, but it is heading towards ending the week on a stable basis.
Fears of a recession in the United States, the world’s largest oil consumer, grew on Thursday after Federal Reserve Chairman Jerome Powell said that it was “too early” to consider stopping raising interest rates. https://www.mawazin.net/Details.aspx?jimare=210182
Dollar Exchange Rates In Local Markets
Economie| 09:50 – 04/11/2022 Baghdad – Mawazine News The dollar exchange rates witnessed, today, Friday, stability in the local markets.
And the selling prices of the dollar were 146.600 dinars per 100 dollars, while the purchase prices of the dollar were 146.500 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=210187
Disclosure Of An Audit Process Against Six Banks And An Exchange Company
Economy 2022-11-03 | 23:18 Origin: Sumerian news 4,291 views An informed source revealed, on Thursday, the existence of an audit process against six banks and an exchange company and stopping them from dealing in dollars.
“There is an audit process regarding 6 banks and an exchange company and stopping them from dealing in dollars,” the source said in an interview with al-Sumaria News. The source added that
“this matter does not include the dealing of these parties in the Iraqi dinar”.
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