Bondlady’s Corner Iraqi News Highlights Thursday Evening

Iraqi News Highlights Thursday Evening 3-9-23


Tlm724 Administrator Bondlady’s Corner


The President Of The Republic Confirms The Imminent Approval Of The Financial Budget


Political | 03:41 – 09/03/2023  Baghdad – Mawazine News, President of the Republic, Abdul Latif Jamal Rashid, confirmed today, Thursday, that the current stage in the country is witnessing security stability, while indicating that the financial budget will soon be approved.


The Presidency of the Republic said in a statement, a copy of which Mawazine News received, that “President of the Republic Abdul Latif Jamal Rashid received, today, at the Baghdad Palace, the delegation of the American Institute of Peace.”


During the meeting, the President stressed “the importance of consolidating the principles of peace in order to move towards a humane society based on good coexistence and understanding,” noting that “the current stage in the country is witnessing security stability.”


He stated that “the government is working to consolidate this stability, improve the general conditions in the country, especially the economic aspect, improve the living and service conditions of citizens and combat corruption,” noting that ”


The members of the delegation reviewed the activities carried out by the Institute in establishing peace and supporting minorities in a way that strengthens societal ties, and interest in rehabilitating the infrastructure of areas that have been subjected to terrorism, expressing their thanks and appreciation to the President for his efforts in establishing security and caring for minorities. Ended 29 / m99



In the document, the Central Bank directs the adoption of the dinar in electronic financial services


Economy| 12:18 – 09/03/2023   Baghdad – Mawazine News  directed the Central Bank to adopt the dinar in electronic financial services inside Iraq.


Iraq And Britain Are Discussing Aspects Of Cooperation In The Economic And Investment Fields


Economy| 11:49 – 09/03/2023   Baghdad – Mawazine News,  Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, received, on Thursday, the British Ambassador to Iraq, Mark Bryson Richardson, and his accompanying delegation.


During the meeting, according to a statement by the Ministry of Planning, which Mawazine News received, they discussed aspects of joint cooperation between the two friendly countries in the economic, investment and trade fields, and energy issues.


The two sides also discussed “the priorities of the government program, and the role of the United Kingdom in supporting the Iraqi government’s efforts in implementing service projects, investing in clean energy projects, confronting climate changes, as well as achieving economic reform and supporting the private sector.”   LINK

Planning Discusses The Final Framework For The National Development Plan


Economy| 12:00 – 09/03/2023  Baghdad – Mawazine News  Today, Thursday, the Ministry of Planning discussed the overall (final) framework for the next national development plan.


The ministry stated, in a statement received by Mawazine News, that “this came as part of a meeting of the Preparatory Committee to prepare the National Development Plan (2023-2027), with the participation of the general managers of the ministry, a group of experts, specialists and representatives of the concerned departments.”


According to the statement, “The meeting, which was chaired by the Undersecretary for Technical Affairs, Maher Hammad Johan, and attended by the Administrative Undersecretary of the Ministry, Azhar Hussein Salih, presented a definition of the plan’s priorities within the human capital pillar in its final form, as well as a discussion of the proposed timelines for the plan.”


The meeting dealt with presenting the proposed time frame for preparing the National Development Plan (2023-2027), and it included the stages of its preparation consisting of the first (preparatory) stage, which includes: the formation of higher, technical and sectoral committees specialized in preparing the plan and holding meetings and workshops to clarify work procedures in addition to formulating the general framework. and its future development vision.


The statement added, “As for the second stage, it is (diagnosis), and it included: conducting a comprehensive presentation of the current situation of the axes and sectors of the plan and presenting the preliminary sectoral papers according to the axes and sectors, while the third stage included planning in terms of formulating the strategic and sub-objectives of the plan’s sectors and the means of achieving them, while the last stage is approving The final version of the National Development Plan (2023-2027). Ended 29/N33


Stability Of Global Oil Prices


Economy| 08:26 – 09/03/2023  Follow-up – Mawazine News  Oil prices stabilized, Thursday, as a larger-than-expected withdrawal of US crude stocks led to fears that a sharp increase in US interest rates would strain economic growth and thus reduce oil consumption.


Brent crude futures rose 5 cents to $82.71 a barrel by 04:23 GMT, while US West Texas Intermediate crude futures rose two years to $76.68 a barrel.


Oil futures fell, on Tuesday, by more than 3%, and recorded their largest daily decline since early January, after US Federal Reserve Chairman Jerome Powell’s comments that the central bank may likely need to raise interest rates more than expected in response to the recent strong data. Ended 29/N33



Deputy Speaker Of Parliament: Iraq Is Keen On Establishing Economic Partnerships With Industrialized Countries


Money  and business  Economy News – Baghdad  Today, Thursday, Deputy Speaker of the House of Representatives, Shakhwan Abdullah, affirmed Iraq’s keenness to enhance cooperation with major industrial countries and to conclude economic and investment partnerships.


And Abdullah’s office stated in a statement, that “Deputy Speaker of Parliament Shakhwan Abdullah Ahmed held, on the sidelines of the activities of the Berlin Economic Forum, which is currently being held in Germany, and which continues for several days, side meetings and discussions with the German side, and he met with the director of the Academy of Cultural Diplomacy in Berlin (Mark Dunn). Fred), and former German Economics Minister (Drech Nebel).


Abdullah stressed, according to the statement, “Iraq’s keenness to strengthen coordination and cooperation mechanisms with major industrial countries, to hold economic and investment partnerships, and to contribute to reconstruction and empowerment to implement infrastructure projects to provide basic services to citizens.”


The Minister Of Industry Stresses The Need To Focus On The Principle Of Consumer Protection By Imposing Customs Duties


Thursday 09 March 2023 17:59 | Economical Number of readings: 150  Baghdad / NINA / – The Minister of Industry and Minerals, Khaled Battal Al-Najm, stressed the need to focus on the principle of consumer protection by imposing customs duties.


A statement by the Ministry of Industry said: “The Minister of Industry and Minerals, Khaled Battal Al-Najm, chaired a preliminary meeting of the committee specialized in studying the standardization of the customs fee for all goods and products and the problem by a decision of the Ministerial Council of Economy, in the presence of members of the committee that includes the scientific advisor to the ministry, the head of the Iraqi Federation of Industries, general managers and representatives from the Ministry of Trade and Agriculture.” The National Investment Commission, the Border Crossings Authority, the General Authority for Customs and the Baghdad Chamber of Commerce.


The statement added, “During the meeting, the issued decisions related to customs fees and tariffs were discussed, customs laws and instructions were reviewed, the applicable work contexts, and how rates and pricing are calculated. Some problems and obstacles facing the private sector related to border crossings, customs, the issue of entry of goods and other related issues were also discussed.” “.


Al-Najm stressed, according to the statement, “the need for customs fees and tariff decisions to be fully and properly studied as they affect the economy, and to focus on protecting and serving the consumer primarily,” noting “the importance of studying these decisions and taking into consideration the opinion of all the competent authorities before taking them.” Because of its economic effects and its submission to the Ministerial Council of Economy for the purpose of discussing it in a comprehensive and integrated manner before presenting it to the Council of Ministers.


The Minister of Industry pointed out, “The need for the investor and partner from the private sector to establish factories inside Iraq in a way that achieves gains for the country.”


And he instructed that “the committee assumes its tasks and work in studying the decisions in an extensive manner and includes all the paragraphs and the vision of the concerned authorities and the consumer mainly, in a way that ensures achieving a balance between product protection and consumer protection in light of the government’s formation of the producer and consumer protection councils, in addition to preparing a working paper with basic and integrated recommendations in order to raise them To the Ministerial Council for the Economy, in preparation for presenting it to the Council of Ministers, and based on the importance of these decisions as they contribute to achieving the economic security of the country. / End 2


To read more current and reliable Iraqi news please visit BondLady’s Corner: