Iraqi News Highlights Wednesday Afternoon 11-2-22
Tlm724 Administrator Bondlady’s Corner
Al-Maliki Proposes A Reduction In The Exchange Rate For The Sake Of The Citizen And The National Economy
Political | 04:36 – 02/11/2022 Baghdad – Mawazine News The head of the State of Law coalition, Nuri al-Maliki, proposed, on Wednesday, a reduction in the dollar exchange rate in order to pay harm to the citizen and to the national economy.
Al-Maliki said in a tweet followed by / Mawazine News / that if the dollar exchange rate becomes 1375 dinars instead of 1450 dinars, we will pay the damage to the citizen and the national economy.
https://www.mawazin.net/Details.aspx?jimare=210011
A Sudden Drop In US Crude Stocks Raises Global Oil Prices
Economie| 08:31 – 02/11/2022 Follow-up – Mawazine News: Oil prices rose in early trading by more than 1%, on Wednesday, after industry data showed a sudden drop in US crude stocks, indicating continued demand despite sharp increases in interest rates that hampered global growth.
Brent crude futures rose $1.22, or 1.29 percent, to $95.88 a barrel by 04:14 GMT.
US West Texas Intermediate crude futures also rose $1.30, or 0.47 percent, to $89.67 a barrel. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=209960
Dollar Exchange Rates In Local Markets
Economie| 09:34 – 02/11/2022 Baghdad – Mawazine News dollar exchange rates witnessed, today, Wednesday, a slight increase in the local stock exchange.
And the selling prices of the dollar were 146.300 dinars per 100 dollars, while the purchase prices of the dollar were 146.200 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=209
An Indicator Confirming The Development Of The Iraqi Economy.. Bank Of Jordan Opens Its First Branch In Baghdad
Money and business Economy News – Baghdad The Bank of Jordan announced, on Wednesday, the launch of its operations in Iraq with the opening of its first branch in Baghdad, after obtaining all the necessary licenses from the Central Bank of Jordan and the Central Bank of Iraq, and fulfilling all conditions and procedures related to launching its business in the Iraqi market.
The Chairman of the Bank of Jordan, Shaker Fakhoury, said in a statement: “The decision to branch out in Iraq is a consolidation of our regional presence and a translation of the bank’s strategy adopted by expanding its business in the countries of the region, whose markets are witnessing remarkable growth and promising opportunities, which will reflect positively on the services provided to our current and future customers.
We also strive To develop our banking system, in translation of the royal visions to increase investment, coordination and economic cooperation between the two countries, and to consolidate the strong economic and historical relations with Iraq.
Fakhoury added: “We are launching today in Iraq to translate the Bank of Jordan’s long-standing career, which extends for more than 60 years in banking and financial work, and in a manner that reflects the success in implementing the bank’s aspiring vision to become the leading bank in the Arab region, and to expand its branch network to include the Iraqi market, which is one of the The most important markets in the region,” noting that “the bank is currently working on preparing its first branch in Riyadh, Saudi Arabia, after recently obtaining a license to practice banking business in Saudi Arabia.” and investment.”
Fakhoury praised the efforts of the Central Bank of Iraq in facilitating the opening of a branch of the Bank of Jordan in the capital, Baghdad.
Fakhoury pointed out that “this step expresses Bank of Jordan’s commitment to designing its branch network in a way that enables it to achieve its vision and strategic directions and serve its broad customer base through its traditional channels, in addition to providing electronic and digital services to all its customers.”
He continued, “Mr. Jawdat Jawdat has been appointed CEO of the Bank in Iraq, who has a long and extensive experience of more than twenty-seven years in banking. He held a number of important positions during his work with major local, regional and international banking institutions.”
According to the statement, “The Baghdad branch aims to provide financial and banking services that meet the needs of customers in accordance with the best international practices in this field. The bank’s presence in Iraq will allow it to expand the scope of its services to its corporate clients located in Jordan and Iraq.
The branch is also characterized by a design that is consistent with the innovative concept of the business environment. Within the banking industry sector, and its compliance with the latest standards of customer privacy concepts, within interactive channels and facilitated procedures.”
According to the statement, “Bank of Jordan works in accordance with the approach of continuous improvement and development in all its activities and fields of work, and keeps pace with the rapid developments witnessed by the banking industry in accordance with the best international practices. The Bank strives towards excellence locally and regionally without neglecting its role and societal mission, and through its team of qualified and trained employees who support The vision and strategy of the bank and building on the accumulated achievements year after year.
The statement continued, “The Bank of Jordan is one of the oldest Jordanian banks with roots dating back to 1960, and it has a wide presence that established it throughout its career, until it is present throughout the Middle East through its branches, subsidiaries and digital and electronic channels. The Bank of Jordan group includes both Bank of Jordan Jordan, its branches operating in Palestine, Bahrain Wholesale Branch, and its subsidiaries:
Bank of Jordan – Syria, Excellence for Financial Investments, Jordan Financial Leasing Company, and today Bank of Jordan – Iraq The Bank of Jordan Group’s banking network across the countries in which it is present includes: 83 branches In Jordan, there are 17 branches in Palestine, one in Bahrain, 12 branches of the Bank of Jordan – Syria, and 252 ATMs serving all customer segments.
126 . views Added 02/11/2022 – 2:29 PM Update 02/11/2022 – 6:03 PM
Central Bank Governor: We Launched Development Initiatives That Amounted To (18) Trillion Dinars
Economie| 05:22 – 02/11/2022 Baghdad – Mawazine News The Governor of the Central Bank, Mustafa Ghaleb Mikhaif, announced, on Wednesday, the launch of development initiatives that amounted to (18) trillion dinars.
A statement of the Central Bank, which Mawazine News received a copy of, stated that “the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, received today, Wednesday, the Special Representative of the Secretary-General of the United Nations in Iraq, Mrs. in the interest of Iraq.
And Makheif stressed, according to the statement, that “the Central Bank of Iraq launched development initiatives that amounted to (18) trillion dinars, which contributed to moving the wheel of the Iraqi economy, and provided thousands of job opportunities.”
He added: “The Bank is performing its roles set out by law and continues to provide initiatives to support government trends in providing job opportunities for young people and achieving their goals to implement their projects. His Excellency stressed the need to advance the reality of the financial and banking sector in line with international standards.” Ended 29/R77
Al-Sudani: We Need International Support To Recover The Smuggled Money From Iraq
money and business Economy News-Baghdad Today, Wednesday, Prime Minister Muhammad Shia Al-Sudani stressed the need for Iraq to support the international community to recover its money, especially with the issue of tax insurance, while the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Plasschaert, referred to the efforts of the Sudanese government and its seriousness in combating corruption.
The media office of the Prime Minister said in a statement that “Prime Minister Muhammad Shia Al-Sudani received, today, Wednesday, the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert and her accompanying delegation,” noting that “the efforts of the current government to enhance stability and consolidate the democratic path were discussed.” “.
He added that “the meeting witnessed a review of the government’s plans to address the file of the displaced, by working to secure their return to their areas after providing them with a decent life and stability.” for the current stage.
Al-Sudani stressed that “the government will activate the laws in force and benefit from the experiences of successful countries in this field,” noting “Iraq’s need to support the international community in order to recover its smuggled money, as well as to recover those wanted by the judiciary from those convicted and involved in corruption cases, especially in the tax insurance issue.”
For her part, Plasschaert offered assistance through United Nations programs to provide training and logistical support, noting “the efforts of the Sudanese government and its seriousness in combating corruption and its emphasis on curbing its practices.”
65 . views Added 02/11/2022 – 12:55 PM Update 02/11/2022 – 6:06 PM
https://economy-news.net/content.php?id=30546
The General Secretariat Of The Council Of Ministers Concludes The Meetings On The Implementation Of The Administrative Reform Strategy
Wednesday 02 November 2022 18:11 | politicalNumber of readings: 33 Baghdad / NINA / – The Government Coordination and Citizens Affairs Department in the General Secretariat of the Council of Ministers concluded its meetings to discuss the axes of the administrative reform strategy in state institutions.
A statement by the General Secretariat of the Council of Ministers stated, “The last meeting of the committee, which was held in the building of the General Secretariat, headed by the Director General of the Government Coordination Department, Ali Makki, dealt with the eighth axis, which aims to enhance transparency and integrity in the work of the state’s administrative apparatus in coordination between the concerned authorities represented by the ministries of Planning and Finance.
The Integrity Commission, as well as the Legal Department and the Office of Information and Government Communication in the General Secretariat of the Council of Ministers and all state institutions.
Makki indicated that the mechanism for implementing the Transparency Enhancement Program will include activating the national integrity and anti-corruption strategies (2021-2022) and the Public Financial Investments Management (PIM) project, and designing campaigns to raise legal awareness for employees of government institutions and raise awareness of the harms of corruption to the employee and the state, in implementation of anti-corruption policies. Corruption, as the time frame for implementing the measures was defined by three levels of short, medium and long-term plans.
The statement added, “The meeting concluded with a number of recommendations, most notably setting up a mechanism to follow up the implementation of the strategy through the formation of committees by diwaniyah orders, to follow up on the implementation of the eight axes of the strategy, to be chaired by the main bodies responsible for implementing each axis, while the role of the Government Coordination Department will be (coordinator and focal point). between committees) to collect data and issue reports.”/ End H LINK
Romansky: America Supports The Sudanese To Confront Corruption And We Provide All Assistance To Iraq
Today, Wednesday, the US Ambassador to Iraq, Elena Romansky, announced her country’s support for the government of Prime Minister Muhammad Shia Al-Sudani, calling on Baghdad and the Kurdistan Region to solve their problems.
Romansky said in her speech during the Middle East Forum 2022 held in Erbil that the US administration will provide the necessary support to the federal government headed by Prime Minister Muhammad Shia Al-Sudani in order to confront financial and administrative corruption and carry out reform in the Iraqi economy sector.
She stressed, “America will not withdraw from Iraq and will remain here as announced by the President of the United States of America, Joe Biden, noting that there is a long-term commitment between Washington and Baghdad and that they are implementing the 2008 st rategic agreement and providing assistance to Iraq in all fields.”
Romansky praised the efforts of the Kurdistan Region in forming the Iraqi government and called on the region and Baghdad to address the problems between them.
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