Iraqi News Highlights Tuesday Afternoon 11-29-22
Tlm724 Administrator Bondlady’s Corner
Deputy: The Current Oil Prices Are Not Guaranteed And Are Likely To Collapse Below $70
Money and business Economy News – Baghdad The Parliamentary Finance Committee called on the government, on Tuesday, to work on creating new alternatives that enhance the federal budget other than those derived from the sale of oil, due to the danger of the national economy’s dependence on fluctuating oil prices.
Committee member Jamal Cougar said in an interview with the official newspaper, “Despite the multiple sources of revenue other than the developed industry, we are still at the beginning of the road. One of the available elements is religious tourism,” adding that “Iraq spends on the tourist and the visitor, while the tourist He himself travels to other countries and spends large amounts of money on his religious tourism.”
He went on to say, “We also have agriculture, which is available on thousands of acres suitable for cultivation, and which can be invested in to cover the needs of the local market and the Arab Gulf markets, especially as we import all vegetables from other countries,”
adding that “other factors that can be benefited are the border crossings, where An important paragraph was included in last year’s budget, which is the transformation of Iraq from a country that does not invest in the transit sector to a country whose ports and outlets can be like the United Arab Emirates.
And he continued, “All capabilities and resources in supplying the budget with a variety of sources depend on the government’s reforms and procedures, since it promised to be a service government and it must start with reforms, because the current oil prices are not guaranteed and are likely to collapse below $70, which the government is unable to meet.”
The needs of the citizens, and this may be reflected in the form of popular discontent and new demonstrations, which the government may not be able to contain.” 63 views Added 11/29/2022 – 1:30 PM Updated 11/29/2022 – 4:30 PM LINK
The Rise In Oil Prices, With Brent Crude Hitting $84.44 A Barrel
Economie| 08:54 – 11/29/2022 Follow-up – Mawazine News Oil prices rose, on Tuesday, prompted by the announcement by delegates of the “OPEC +” alliance that the option to reduce production at a greater rate is an option when they meet at the end of this week.
West Texas Intermediate crude prices rose 95 cents, or 1.23%, to reach $78.13 a barrel at 04:15 GMT, and had fallen at the beginning of the session to less than $74 a barrel.
Brent prices increased by $1.25, or by 1.50%, to reach $84.44 per barrel. Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=212688
The Dollar Rises In The Iraqi Market
Economie| 09:40 – 11/29/2022 Baghdad – Mawazine News Today, Tuesday, the exchange rates of the dollar witnessed an increase in the local stock exchange.
The selling price of the dollar was 149,500 dinars per 100 dollars, while the buying price of the dollar was 149,400 dinars per 100 dollars. LINK
The Supreme Commission For Combating Corruption: A Recruitment Order And A Travel Ban Against The Former Head Of The National Intelligence Service
Tuesday 29, November 2022 political Baghdad / NINA The Supreme Commission for Combating Corruption announced the issuance of a recruitment order and a travel ban against the former head of the National Intelligence Service. On the background of the accusation of laxity in the implementation of the arrest warrant issued against one of the general directors of the agency.
The commission said in a statement today that the commission, in its discussion of the case that it investigated and referred to the judiciary, stated that the corruption investigation judge, who is specialized in examining the cases of the Supreme Commission for Combating Corruption, issued an order to bring in the former head of the National Intelligence Service, and prevented him from traveling.
And she added that the order issued based on the provisions of Article (271) of the amended Penal Code No. (111 of 1969), came on the charge of laxity in implementing the arrest warrant issued against the fugitive suspect (Dia al-Musawi), and enabling him to flee outside Iraq.
It is noteworthy that the Federal Integrity Commission announced in mid-November the formation of a supreme commission; To investigate major and important corruption cases filed in the commission’s investigation directorates and offices in Baghdad and the governorates, and the cases referred to it headed by Judge (Haider Hanoun) and the membership of the directors of the investigation and recovery departments in it, pointing out that its investigations will be under the supervision of a specialized investigative judge who was appointed by the Judicial Council higher for this purpose./End
The President Of The Republic Stresses The Importance Of Controlling Illegal Outlets, Combating Corruption, And Encouraging The Private Sector
Tuesday 29, November 2022 14:58 | political Number of readings: 177 Baghdad / NINA / – The President of the Republic, Abdul Latif Jamal Rashid, met with the Minister of Industry and Minerals, Khaled Battal Al-Najm.
The media office of the Presidency of the Republic stated in a statement, “During the meeting, the President of the Republic referred to the importance of the industrial sector and its effective role in supplying the Iraqi economy, stressing the need to revitalize and develop it and improve its reality in proportion to what Iraq possesses of natural and human resources in order to achieve comprehensive development.”
Rashid stressed “the need to issue laws related to controlling illegal outlets, combating corruption, and encouraging and supporting the private sector by changing the old management methods and laws related to financial management.”
The statement added, “The president listened to the explanation provided by Minister Al-Najm regarding the mechanisms of the current work in the ministry, its joints, and future plans for its development, pointing to the need to support the local industry and protect the product.”
Ihsan Al-Shammari To / Nina /: Iraq Needs To Activate The International Agreement To Recover The Funds
Tuesday 29, November 2022 12:24 | political Number of readings: 297 Baghdad / NINA / – The head of the Center for Political Thinking, Ihsan Al-Shammari, affirmed Iraq’s need to activate the international agreement to recover funds.
He told the National Iraqi News Agency / NINA /: The international cooperation to recover the smuggled money is linked to the government’s will by activating the national committees for that.
Al-Shammari added: Iraq is in dire need to properly activate the 2007 International Funds Recovery Agreement, which requires a double effort with the participation of ministries concerned with smuggled funds./ End https://ninanews.com/Website/News/Details?Key=1017053
Association: 30,000 Citizens Obtained A Loan Within The Central Bank’s Initiative To Finance Small Projects
Economie| 02:36 – 11/29/2022 Baghdad – Mawazine News The Iraqi Private Banks Association announced, on Monday, that more than 30 thousand citizens have obtained a loan since the start of the Central Bank’s initiative to finance small projects amounting to 4 trillion dinars, noting that the initiative lent until the third quarter of this year more than 2 trillion. Dinar.
The Executive Director of the Association of Private Banks, Ali Tariq, said in a statement received by Mawazine News, that “the Central Bank of Iraq launched a development initiative to stimulate the economy, through private banks in 2015, for which one trillion dinars were allocated, but in 2021 and 2022 it decided to increase allocations for it.” for 4 trillion dinars.
Tariq added, “Total financing from the initiative until the third quarter of this year amounted to 2.2 trillion dinars, up by 124.4% compared to last year, which amounted to 980 billion dinars,” stressing that “total loans amounted to 30,364 loans until the third quarter of the year.” current year, up by 88.7% compared to last year, which amounted to 17,032 loans.
The Executive Director indicated that “the agricultural sector’s share was 115.7 billion dinars with 310 loans, the industrial sector 522.2 billion dinars with 1167 loans, the commercial sector 476 billion dinars with 8190 loans, the service sector 310 billion dinars after 2770 loans, and the residential sector 616 billion dinars with 6430 loans.” Finally, personal loans amounted to 158.4 billion dinars, with 11,497 loans.
He noted that “these loans contributed to stimulating the non-oil economy, through the establishment of industrial, agricultural and service projects, in addition to supporting investments, which have employed thousands of people in these projects,”
noting that “the initiative allocated a large part of the funding to lend citizens to buy housing units in Investment complexes, in support of the establishment of regular cities as a substitute for slums, calling for the continuation of this initiative due to its positive effects on everyone.
He pointed out that “citizens are in great need of loans, but it requires an effort from the Iraqi state to facilitate procedures and protect financial institutions from the risks of evasion and non-payment.” LINK
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