Iraq Economic News 6-13-24
The Federation Of Iraqi Chambers Discusses With The American Embassy Efforts To Form A Joint Business Council
Thursday 13, June 2024 | Economical Number of readings: 381 Baghdad / NINA / The Union of Iraqi Chambers discussed, with the American Embassy in Baghdad, efforts to form a joint business council.
The Union of Iraqi Chambers said in a statement: “The President of the Union, Abdul Razzaq Al-Zuhairi, received the American Ambassador, Alina Romanowski, and the two parties discussed strengthening trade and economic relations, and the intention to form a joint business council.”
Al-Zuhairi said, according to the statement, “Our relationship is balanced with all countries that support Iraq’s approach to developing its economy, and we stand at the same distance from all countries for the good of Iraq.”
The two parties reviewed the volume of trade exchange between the two countries, and the ambition to increase it to a level befitting the size of the relationship between Iraq and America. They also discussed the prospects for cooperation and association with the Iraqi chambers of commerce, in order to expand the scope of economic work and develop the work of the chambers of commerce, in a way that strengthens the economic partnership and opens the door to cooperation. With the public and private sectors.
Meanwhile, Ambassador Romanowski stressed that all difficulties have been overcome regarding granting entry permits to investors and businessmen.
The two sides stressed the issue of mutual delegations in a way that meets the level of ambition, expressing their satisfaction in achieving the desire for joint cooperation at the level of commercial and economic work./ End https://ninanews.com/Website/News/Details?key=1132287
The Financial Supervision Authority Announces The Development Of A Systematic Plan To Complete The Final Accounts For The Remaining Years
Office of Financial Supervision Building Economy News – Baghdad The Federal Office of Financial Supervision announced, on Thursday, the development of a systematic plan with specific completion dates for the final accounts for the remaining previous years.
The Deputy Head of the Bureau, Qaiser Ghazi Zaghir, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “there are many problems in the state’s final account, including the financial statements submitted by the Ministry of Finance.”
Zaghir added, “The Ministry of Finance collects all the ministries’ final statements and later sends them to the Financial Supervision Bureau,” noting that “there are some obstacles in submitting the data, unifying them, and sending them to the Bureau.”
He pointed out that “relentless efforts were made in coordination between the Financial Supervision Bureau and the Ministry of Finance and under direct guidance by the Prime Minister, and more than one meeting was held between the Ministry, the Bureau and the relevant authorities, and a systematic and specific plan was developed with a specific completion date for the final accounts for the remaining years, as for the final accounts of the ministries individually.” It will continue to be approved for several years until 2023.”
He pointed out that “the last final account was approved in the 2014 budget, and the final account for the year 2015 was also sent to the Council of Ministers to be sent to the House of Representatives. The final account for 2016 was also completed, and the Bureau is now working on auditing the final account for the year 2017.” 06/13/2024 – https://economy-news.net/content.php?id=44294
The Minister Of Immigration And The Head Of The Financial Supervision Bureau Discuss Combating Corruption And Preserving Public Money
Wednesday 12, June 2024 |Economical Number of readings: 111 Baghdad / NINA / The Minister of Immigration and Displacement, Evan Faiq Jabro, discussed with the head of the Federal Audit Bureau, Ammar Subhi Khalaf, Wednesday, topics related to combating corruption and preserving public money.
The ministry stated in a statement, “Jabro met with Khalaf at the Bureau’s headquarters in the capital, Baghdad, in the presence of Undersecretary Karim Al-Nouri and the Director General of the Branch Affairs Department, Ali Abbas Jahakir.”
She added, “The meeting discussed several topics related to the quarterly anti-corruption position form and the measures taken by the ministry to preserve public money.”/End 8 https://ninanews.com/Website/News/Details?key=1132188
A Slight Decline In Dollar Prices In Local Markets
Economy | 06/13/2024 Baghdad – Mawazine News The exchange rates of the dollar against the dinar decreased today, Thursday, in local markets.
Dollar prices fell with the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, where the exchange rate reached 147,000 dinars per 100 dollars, compared to yesterday, Wednesday, of 147,250 dinars per 100 dollars.
While selling prices in banking shops in local markets in Baghdad also recorded a decline, as the selling price reached 148,000 thousand dinars, while the purchasing price reached 146,000 thousand dinars for every 100 dollars.
As for Erbil, the dollar also recorded a decline in its exchange rates in banking shops, as the selling price reached 146,850 dinars per dollar, and the purchase price reached 146,750 dinars per 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=249629
Provoking Thoughts and Points To Ponder On Adversity:
Opposition inflames the enthusiast, never converts him. – J. C. F. von Schiller
The thought that we are enduring the unendurable is one of the things that keeps us going. – Molly Haskell
If you do things well, do them better. Be daring, be first, be different, be just. – Anita Roddick
A certain amount of opposition is a great help to a man; it is what he wants and must have to be good for anything. Hardship and opposition are the native soil of manhood and self-reliance. – John Neal
Difficulties, opposition, criticism – these things are meant to be overcome, and there is a special joy in facing them and in coming out on top. It is only when there is nothing but praise that life loses its charm and I begin to wonder what I should do about it. – Vijaya Lakshmi Pandit
They sicken of calm, who know the storm. – Dorothy Parker
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