More Iraqi News Thursday Afternoon 7-21-22
TLM724 Administrator BondLady’s Corner
Parliament Will Hold A Session Next Saturday To Discuss The Turkish Attack
Thursday 21 July 2022 15:19 | political Number of readings: 210 Baghdad / NINA / – The House of Representatives will hold its first session next Saturday for the new legislative term to discuss the Turkish aggression in the presence of the Ministers of Defense and Foreign Affairs and the Chief of Staff of the Army./End 3 LINK
Why Will The Growth Rate In Iraq Rise And What Are Its Repercussions?
Thursday 21 July 2022 – 18:34 Good morning Economic Researcher The International Monetary Fund recently released a report on “real GDP growth”.
In it, he touched on his expectations for the current year 2022 all over the world. The growth rate will be 3.6% in the US and 3.7% in Germany. While the contraction will reach 8.5% in Russia and 35.0% in Ukraine.
As for Iraq, it will achieve a growth of 9.5%. This is about three times the global average. It is also the highest rate in the Arab countries, including the Gulf.
There are other estimates by the World Bank that also put Iraq in the first Arab rank in terms of growth for the year 2022.
Iraqi officials took advantage of this report and that to praise the soundness of their economic policies.
They estimate that this percentage of growth is evidence of the correctness of the measures taken on the financial and monetary levels.
To discuss this topic, it is necessary to know how to calculate growth. The calculation is done by GDP.
This is the most important economic indicator in all countries. It consists of the values of goods and services produced during a year. Growth for 2022 is simply the rate of increase in output compared to the previous year.
We put the following equation to simplify the calculation: (values of goods and services for the year 2022 – values of goods and services for the year 2021) x (100 ÷ values of goods and services for the year 2021) = growth rate for the year 2022.
Thus, when the values of goods and services are low in 2021, the growth rate will be high in 2022.
This is what happened in Iraq, which is mainly dependent on oil. Crude prices were lower in 2021 compared to 2022. Iraqi oil production was also low.
And since the Russian war on Ukraine will continue at least until the end of this year, oil prices will not drop and Iraqi oil production will not decline. Quite the opposite. Which leads to higher growth.
But how do we explain the increase in growth in Iraq by (9.5%) higher than the high growth rate in other oil-producing countries such as Saudi Arabia (7.6%)?
There are important manufacturing industries in Saudi Arabia in various civil and military fields. The values of these industries are equivalent to 12% of GDP (2019).
While Iraq lacks manufacturing industries, which represent only 2% of the gross domestic product.
On the other hand, despite Saudi Arabia’s global oil position, its extractive materials, including oil, represent only 28% of the gross domestic product.
While these materials in Iraq amount to 45% of the gross domestic product.
That is, the relative value of oil in Iraq is much greater than the relative value of oil in Saudi Arabia.
Therefore, if its prices rise in the global market, the GDP in Iraq will rise by a rate that exceeds the rate of its rise in Saudi Arabia. Therefore, Iraq achieves higher growth than Saudi Arabia.
The International Monetary Fund expects a rise in the growth rate of Iraqi oil production at a rate of (13.1%), roughly equivalent to the growth rate of Saudi oil production (12.8%) in 2022.
But as we mentioned, when Iraqi oil contributes to the GDP at a rate equivalent to double the similar Saudi contribution, the rate becomes Growth in Iraq is higher once oil prices rise.
From another angle, Iraq suffers from the most serious economic and social crises, which is the increasing number of poor: 12 million Iraqis live below the poverty line, or about a third of the population.
This situation stems from widespread unemployment and high consumer prices for goods and services.
There is no real government initiative to curb this scourge.
This is clear evidence of mismanagement of economic affairs.
If the administration was sound, it would automatically improve the standard of living of the citizens due to growth.
When growth does not lead to increased job opportunities, lower prices, a decline in poverty, an improvement in the exchange rate of the dinar, and a reduction in the weight of public debts,
this simply means that there are other problems that prevent reaching these results,
foremost of which is financial corruption and the absence of appropriate financial, monetary and investment policies.
Add to this the other intractable problems that have become a basic feature of the Iraqi economic and political situation: abhorrent sectarianism, multidimensional dependency on Iran, and persistent and violent political and partisan conflicts.
Iraq will achieve a high rate of growth due to its dependence on oil, the price of which is currently witnessing a significant increase.
Since the economic and social policies have failed, the Iraqi will not find in this growth an opportunity to improve his condition.
Next year, 2023, the opportunity will be missed because crude prices will tend to fall.
Al-Shahili: The Opening Of The Certified Institute Of Internal Auditors Is Important For Controlling Public Money
Sweetened Today, 18:38 Baghdad – Conscious – Medal of Mulla Today, Thursday, the Certified Auditors Institute for Preserving Public Funds in State Departments was opened in Baghdad, in the presence of the Secretary-General of the Council of Ministers, Hamid Al-Ghazi.
Al-Shahili said in a speech during the opening, which was attended by the correspondent of the Iraqi News Agency (INA), that
“the institute was opened under Law No. 10 of 2021, and is the first of its kind in Iraq.” He added,
“In light of the circumstances in which voices are louder in the presence of corruption and waste of public money, there must be oversight and internal auditing to combat this scourge.” He pointed out that
“the institute was built correctly through the legislation of a special law, and
it came with the establishment of an institute to be a professional certificate with international cooperation and by training professional personalities”, pointing out that
this is the only institute that was established in the history of the Iraqi state. He stressed that
“the institute has accomplished what it was supposed to do and the outputs of the institute must be adhered to to fill the gap left by the abolition of the offices of general inspectors and to go towards scrutiny of public money and oversight at a high level and in a manner approaching international institutions.” https://www.ina.iq/161323–.html
Planning Announces Formation Of High-Level Teams To Improve Human Capital Index
Economy Yesterday, 20:55 Baghdad – conscious Today, Wednesday, the Ministry of Planning announced the formation of high-level teams to improve the human capital index in Iraq, noting that this file is a national priority.
The ministry said in a statement received by the Iraqi News Agency (INA), that it “held a workshop to discuss government efforts to improve the human capital index in Iraq.”
The Undersecretary of the Ministry of Planning for Technical Affairs, Maher Hammad Johan, said in a speech during the symposium,
“The issue of human capital is of great importance, and that our successive national plans were referring in their most basic axes to the issue of strengthening it,” pointing to
“the formation of high-level teams between the two ministries of planning.” And finances at a high level are concerned with this issue.” He stressed that
“all the current urgent and critical variables make us turn strongly and with a clear focus to strengthening human capital to be a tool for the real development wheel,”
calling on the World Bank and the concerned authorities to “find a vision and clear future lines that can contribute to preparing a real plan to enhance human capital.”
For his part, the representative of the World Bank, Igor Khewves, said that
“the main objective of this workshop is to know the challenges and obstacles that affect the development of human capital and how they can be overcome.” He added,
“This issue requires a lot of cooperation with ministries and the contribution of sectors in order to improve its outcomes.”
In addition, the Director-General of the Department of Human Development in the Ministry of Planning, Maha Abdul Karim Al-Rawi, stated during a presentation she gave on the priorities of improving human capital in Iraq, that
“this file is one of our national priorities now and in the future, and we are working with great care and seriousness in order to stop its depletion and benefit from entering Iraq.” demographic stage.
And she indicated that “the ministry has adopted the human capital building project by forming a working group to prepare its policy headed by the ministry and the membership of the relevant sectoral ministries,” noting that
“investment in human capital will achieve a development for the reality of the relevant sectors and build job opportunities, as well as increase productivity and improve services.” the public”. https://www.ina.iq/161237–.html
Specialized Team: The Audio Leaks Of “Nuri Al-Maliki” Are Not Fabricated
07/21/2022 196 Earth News/ The Technology for Peace Organization revealed, on Thursday, the truth of the leaked audio recordings attributed to the leader of the State of Law coalition, Nuri al-Maliki.
The organization said in a statement received by Earth News,
“It is the keenness of the Technology for Peace team to perform its work in an impartial and reliable manner in clarifying the facts and exposing fake news to the honorable public.” She added,
“We have worked since the first moments of the blogger (Ali Fadel) publishing the first audio clip on July 13, 2022, which he claimed was part of a leaked recording of the former Iraqi Prime Minister and head of the State of Law coalition (Nuri al-Maliki) to verify this and to publish other recordings.
After that, we continued to work on taking notes about those recordings to find out what they were.” And she continued,
“Despite the repeated denials of the owners of these recordings and his claim that he fabricated them by quoting and installing clips from his voice and installing them to appear in this way, the observations we made about the video prove the opposite, as follows:
1- After the blogger (Ali Fadel) published five audio recordings with a total length of 16:41 minutes, he claimed that they were part of an audio recording that lasted for about an hour.
Also, in all the circulating recordings, the transition between the sentences was very consistent and natural, and there were no different and inconsistent transitions or the presence of pieces as an indication of the merging of different audio clips.
2- When listening to the five audio recordings that were published, it is noted that the tone of the voice that was claimed to be al-Maliki’s speech was in one layer, accompanied by an echo, free of any difference and without any distortion.
3- By comparing the voice in the circulated audio recordings with that of Al-Maliki in several interviews that were conducted with him, the last of which was broadcast by Al-Ahed satellite channel yesterday, Wednesday, July 20, 2022, a great similarity was observed in the pronunciation of words mentioned in the current recordings and in the meetings with Al-Maliki, Especially the words (Sunnis, Muqtada al-Sadr, Shiites, Shiism).
4- The presence of different voices of people speaking at a different volume, with the presence of sounds of a chair movement and a sound of friction, are additional indications that the circulating recordings were not fabricated by sound-fabrication programs.
5- Extensive research was conducted to identify the tools and devices available for voice spoofing and a number of programs and tools that were covered by news sites in articles were found, such as SV2TTS and AutoVC, which were tested to conduct experiments to fake voices and deceive both the WeChat application that allows users to log in with their voice, And the Amazon Alexa app, which allowed users to use voice commands to make online purchases and payments via third-party apps like Uber, the fake apps managed to trick WeChat and Alexa,
but deepfakes were more successful at mimicking the voices of women and the voices of foreign-born English speakers.
We did not find any applications to falsify the voice in Arabic, especially since the conversation in the recordings included the pronunciation of vocabulary in the colloquial dialect.”
The organization concluded by saying,
“In the end, it should be noted that the above points were written down after reviewing the recordings, and
we shared them to clarify the truth of the allegations circulating about this, pending the competent government authorities and the Iraqi judiciary, which announced the conduct of fundamental investigations regarding the audio leaks attributed to the owners in accordance with the law after receiving a request regarding That’s from the public prosecutor’s office.” https://earthiq.news/archives/115737
Electronic Platform
July 21, 2022 The Central Bank will adopt a specialized electronic platform for the purposes of exchanging documents and data with all banks.. To view, click here
https://cbi.iq/news/view/2049
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