KTFA: Samson: Justice reveals hundreds of lawsuits have been filed to recover looted funds
13th February, 2022
The Ministry of Justice revealed, on Sunday, “intensive movements” to recover smuggled money and real estate located abroad, by filing hundreds of lawsuits, while the ministry is working to prevent drug smuggling into Iraqi prisons.
The ministry’s senior undersecretary, Ziad Al-Tamimi, said in an interview with the official newspaper, “The government has moved intensively to recover Iraq’s looted money and property, by filing hundreds of foreign lawsuits in this regard, as it concluded memorandums of understanding through the return of its properties in the country, in exchange for the properties it has in Iraq.” LINK
Samson: Al-Haidari summarizes the developments of the political talks and expects an agreement within the next 24 hours
13th February, 2022
A member of the State of Law coalition, Kazem Al-Haidari, expected today, Sunday, that an agreement will be reached between the political blocs regarding the formation of the new government, within the next 24 hours.
Al-Haidari said in an interview with “Mawazine News”, that “political discussions are continuing with all the blocs, and so far there are no negative or positive results, and our expectations are that an agreement will be reached within the next 24 hours.”
Al-Haidari added, “The issue of forming a government will not take long, and that all things are ready, and the government formation may be announced 10 days after choosing the prime minister.” LINK
Samson: The Iraqi Stock Exchange is trading shares worth 5 billion dinars in a week
13th February, 2022
The Iraqi Stock Exchange announced, on Sunday, the trading of shares with a financial value of more than five billion dinars during the past week.
The market said in a report seen by Shafak News Agency, “The number of companies whose shares were traded during the past week amounted to 43 joint-stock companies, while the shares of 39 companies were not traded due to the lack of convergence of purchase orders prices with sales orders, while 20 companies continue to be suspended for not providing disclosure, Out of 103 companies listed on the market.
And he indicated that “the number of traded shares amounted to five billion and 45 million and 28 thousand shares, with a financial value of five billion and 646 million and 557 thousand dinars through the implementation of 2385 deals,” noting that “the ISX60 traded price index closed at 570.63 points, recording a decrease of 1.48% from its closing in the previous session.
The market indicated that “the number of shares purchased from non-Iraqi investors for the past week amounted to 690 million shares, with a financial value of 758 million dinars, through the implementation of 76 deals, while the number of shares sold from non-Iraqi investors reached 1.042 billion shares, with a financial value of 1.091 billion dinars through Execution of 139 deals.
It is noteworthy that the Iraq Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels. LINK
Samson: The Turks went under the umbrella of the financial system.. The Turkish Treasury Minister announces new economic measures
11th February, 2022
Turkish Treasury and Finance Minister Nureddin Nabati said he will announce on Saturday a new package targeting price hikes, integrating gold into the financial system and supporting the Credit Guarantee Fund.
According to Turkish media, Nabati is organizing a program through which some measures are shared with citizens in order to prevent recent price increases. In the program to be held on Saturday, Nabati will announce a selective financing support package to support companies and exporters through the Credit Guarantee Fund.
The steps to be taken in order to transfer the stored gold to the financial system will also be announced within the framework of the “Turkish economic model”, that is, the gold that the Turks hold within the umbrella of the financial system. Minister Nabati will provide information on several measures to prevent increases in producer and consumer prices.
It is expected that the program will be attended by senior executives from the world of business and NGOs, representatives of umbrella organizations in the market and general managers of public and private banks. LINK
