Iraqi News Highlights Monday AM 10-24-22
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Documents .. Parliamentary Move To Reduce The Exchange Rate Of The Dollar
Political | 01:19 – 10/24/2022 Baghdad – Mawazine News
A number of deputies demanded the Presidency of Parliament to include a paragraph “reducing the dollar exchange rate and gradually returning it to the previous exchange rate” in the agenda of the next session of the House of Representatives. LINK
In The Document.. Parliamentary Signatures To Restore The Dollar Exchange Rate
Monday 24 October 2022 12:48 | Economic Number of readings: 296
Baghdad / NINA / – Representative Hamid Al-Shiblawi announced the collection of parliamentary signatures to gradually restore the exchange rate of the dollar against the Iraqi dinar to what it was./End of 9 https://ninanews.com/Website/News/Details?key=1009581
Al-Sudani: The Next Government Will Attach The Utmost Importance To Providing An Investment Environment
Money and business Economy News-Baghdad Today, Monday, Prime Minister-designate Muhammad Shia Al-Sudani stressed the need for Iraq to strengthen partnership with countries of the world to benefit from its experiences in building and developing capacities for the economic and educational sectors.
A statement by the media office of the Prime Minister-designate stated, “The Prime Minister-designate, Muhammad Shiaa Al-Sudani, received the Ambassador of the Republic of South Korea to Iraq, Joy Song Soo,” noting that “they discussed strengthening bilateral relations between the two countries.”
Al-Sudani explained during the meeting that “the next Iraqi government will attach great importance to providing and maintaining the investment environment in Iraq, and providing adequate protection for Korean and international companies from any attempts to obstruct their work, and this is the duty of the state exclusively.”
He stressed that “Iraq’s need to strengthen partnership with countries of the world to benefit from its experiences in the fields of building and developing capacities for the economic and educational sectors, especially with countries that have successful experiences in those fields.”
For his part, the Korean ambassador conveyed “the greetings of the Korean government and its wishes for success for the efforts of the Sudanese to form a government aimed at serving the Iraqis.”
Views 113 Added 10/24/2022 – 1:04 PM Update 10/24/2022 – 5:09 PM
The Minister Of Finance Is An Agency That Issues Directives On The Work Of Government Banks
Minister of Finance, Hayam Nemat Mahmoud Agency, stressed the importance of strengthening joint cooperation between banking institutions.
The ministry said in a statement, “The Agency’s Minister of Finance, Hiyam Neamat Mahmoud, chaired at the ministry’s headquarters an expanded meeting that included the general managers of Iraqi government banks, regarding the mechanisms of banks’ work and the obstacles they face.”
The Minister of Finance stated that “the banking sector has witnessed a set of challenges, variables and exceptional circumstances, the most important of which is the Corona pandemic, which has cast a shadow over the whole world and the accompanying economic downturn, especially in oil-exporting countries,” adding that “in spite of that, the government banking sector was able to commit to providing requirements Supporting the national economy and avoiding the negative effects of economic repercussions and international conflicts.
And she stressed “the importance of strengthening joint cooperation between banking institutions, and understanding a common strategy, to improve and develop the Iraqi banking sector, and enhance its role in the local and international banking arena.”
She pointed out, “The need to strengthen the role of Iraqi banks through the development of executive mechanisms and comprehensive action plans, which serve the strategic objectives of the banking sector, which are centered towards the stability and balance of the local economy.”
Telecom Opens The International Access Gates Project And Counts Its Advantages / Expanded
Monday 24 October 2022 14:52 | political Number of readings: 159
Baghdad / NINA / – The Ministry of Communications inaugurated today, Monday, the project of international access gates to the Internet, under the supervision of the General Company for Communications and Informatics and in cooperation with the Middle Communications Company.
The Minister of Communications, Engineer Arkan Al-Shaibani, said in a press conference after the opening ceremony of the project, that “this project is strategic and important for the telecommunications sector in Iraq, after the capacities were exposed to smuggling and piracy operations in dollars.”
He explained, “International access gates is an important project that was supposed to be implemented since 2007, because of the presence of IP and the Internet, meaning there are access gates, and Iraq was at the bottom of the countries of the world because it is the only one that does not have a regular access gate.”
He added, “We contracted with major international companies that established these systems in all border areas, and also in one of the regions we found six other stations and took control of the management of other stations, and thus ended the smuggling operations that we fought through shock operations, and we went far to track towers and cables, But it was a very primitive method, and now we have bypassed that by electronic control.”
The Minister of Communications stressed, “The project is a regulatory system to prevent smuggling, and it will also achieve additional funds for the telecommunications sector, as within a short period, an improvement in the speed of the Internet has been achieved, from 138th globally, and now at 42nd, meaning we have advanced 96 ranks, which is a qualitative leap in the telecommunications sector.” We also achieved significant revenues by returning 134 billion dinars to the Ministry of Finance, 10 billion dinars to the province of Dhi Qar, and 5 billion dinars to the province of Najaf.”
He explained, “The access gates fight smuggling and reduce piracy operations, as well as monitoring the issue of dpi and controlling the apparent chaos in social networking sites, pages and fake sites, as well as achieving greater benefit in ensuring large financial revenues for the state, because within one year we were able to pay 134 billion dinars.” to the state budget.
He continued, “The Internet speed is different between companies, reaching 150_100 megabytes, and this is what made Iraq’s ranking 42 globally in successive stages,” noting that “after operating the “Viber to Home” project and entering the implementation phase within six months to a year, we expect it to be Iraq is ranked among the top 20 countries in the world.
He added, “The totality of the advantages is that it is not only the Internet service, but there will be control and development for all content in general, from programs and applications of Netflix and Showtime, and everything that the Iraqi citizen needs at the same price as the Internet service.”
Planning Prepares To Launch A New Poverty Reduction Strategy
Economy News – Baghdad The Ministry of Planning is preparing a new strategy to reduce poverty for the next five years, starting from 2024 to 2028, stressing that it targets housing, health, education, income, food, services and others.
The ministry’s spokesman, Abdul-Zahra Al-Hindawi, said that “his ministry, through its Central Statistics Agency, and in cooperation with the World Bank, will carry out a social and economic field survey for the family in Baghdad and all governorates, including the Kurdistan region, in preparation for launching its third strategy to reduce poverty.”
Al-Hindawi added in an interview with the official “Al-Sabah” newspaper, that “this survey will provide new data on the reality of poverty and its concentration, as well as the poorest governorates,” noting that “through these outputs, the strategy will be enhanced with important inputs.”
He stressed, “The ministry, in its work, will take into consideration the reality, challenges and repercussions that the country has witnessed in previous years,” noting that “the ministry has contracted with a number of specialized graduates and researchers to train them to implement this survey in the field, and that the ministry’s cadres are not enough to work alone, and that the central apparatus Statistics is directly concerned with management and implementation.
Al-Hindawi pointed out that “the strategy will study poverty in its various dimensions, not as some believe by linking it to income only,” noting that it “targets housing, health, education, income, food, services and others.” 3 . views Added 10/24/2022 – 4:57 PM Update 10/24/2022 – 5:05 PM
Finance Holds A Meeting With Bank Managers.. This Is What Was Discussed
Economie| 05:48 – 23/10/2022 Baghdad – Mawazine News On Sunday, the Ministry of Finance held an expanded meeting on government banks in the country.
A statement by the ministry, which Mawazine News received a copy of, stated, “The Minister of Finance, Hayam Nemat Mahmoud Agency, chaired, at the ministry’s headquarters, an expanded meeting that included general managers of Iraqi government banks, regarding the mechanisms of banks’ work and the obstacles they face.
The Minister of Finance added, according to the statement, that” the banking sector He witnessed a set of challenges, variables and exceptional circumstances, the most important of which was the Corona pandemic, which cast a shadow over the whole world and the accompanying economic downturn, especially in the oil-exporting countries, adding that “in spite of that, the government banking sector was able to commit to providing requirements to support the national economy and spare it the negative effects of economic repercussions and conflicts.” International”.
The minister stressed “the importance of strengthening joint cooperation between banking institutions, and understanding a common strategy, to improve and develop the Iraqi banking sector, and enhance its role in the local and international banking arena.”
The minister also pointed to “the need to strengthen the role of Iraqi banks through the development of executive mechanisms and comprehensive action plans, which serve the strategic objectives of the banking sector, which revolve around the stability and balance of the local economy.” Ended 29/R77
Brent Crude Drops To $93.10 A Barrel
Economie| 09:03 – 10/24/2022 Mawazine News – Oil prices fell, Monday, after China released trade data that showed demand in the world’s largest importer of crude remained weak in September as strict COVID-19 policy and fuel export restrictions reduced consumption.
Brent crude futures for the December settlement were down 40 cents, or 0.4%, at $93.10 a barrel by 03:40 GMT after rising 2% last week.
The price of US West Texas Intermediate crude for December delivery was $84.66 a barrel, down 39 cents, or 0.5%. Ended 29/N33 LINK
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