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6ly410

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  1. Al-Ghadban: Iraq supports the call for an urgent meeting of OPEC http://economy-news.net/content.php?id=19574 Economy News _ Baghdad On Thursday, the Minister of Oil, Thamer Al-Ghadban, confirmed that Iraq supports the call for an urgent meeting of OPEC oil producers and the producers allied to them from outside, and its support for all calls that come in this framework. A spokesman for the Ministry of Oil, Assem Jihad, said in a statement, "Economy News" received a copy of it. "The Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Al-Ghadban sent a message to the Secretary-General of the Organization of Petroleum Exporting Countries, Mohamed Barkindo, in which he affirmed support Iraq to hold an urgent meeting of the Organization of Petroleum Exporting Countries (OPEC +) in order to study the repercussions of the oil market, and to take quick measures to restore stability to the oil market and restore the balance between supply and demand. " Jihad added, "The anger had had many contacts with the ministers of OPEC member states and allied with them from outside, and with the organization's secretary and the president of the current session, calling in it the necessity of the return of the member ministers to the dialogue table in order to work to stop the repercussions of the collapse of oil markets, and accelerate By agreeing on a formula that contributes to the stability of the oil market and rebalancing. " He pointed out that "the oil minister expressed his confidence in the possibility of agreeing during the next meeting, on a formula that contributes to achieving positive results that are in everyone's interest and gradually restore stability to the global market." Saudi Arabia had called for an urgent meeting of OPEC + and a group of other countries in an effort to reach a fair agreement that would restore the desired balance to the oil markets. Number of views 18 Posted on 02/04/2020
  2. The Ministry of Finance thanks the Central Bank and private banks for their support in fighting Corona Ministry of Finance logo «Economy News» http://economy-news.net/content.php?id=19575 Economy News - Baghdad: Today, Thursday, the Ministry of Finance thanked the Central Bank of Iraq, private and government banks and private sector companies who participated in supporting the solidarity campaign to combat the Corona virus in Iraq. The central bank and private and government banks donated more than 43 billion dinars to purchase medical devices used to detect corona virus in the laboratories of the Ministry of Health. The Ministry of Finance said in a press statement received by "Al-Iqtisad News", "The Ministry of Finance appreciates the position of the Central Bank of Iraq, the Iraqi Bank for Trade, the Rafidain and Rashid banks, and all private banks and companies from the private sector and citizens at home and abroad who participated and contributed to this solidarity campaign, and expresses many Thanks to the workers in accomplishing this national work. " It added that "it took, under the direct supervision of the Deputy Prime Minister and Minister of Finance Fuad Hussein, a set of measures that would contribute to providing the financial and logistical requirements necessary to stand as far as possible against the spread of Corona virus and combat it in Iraq." And continued, "In agreement with the Central Bank of Iraq, the Rafidain and Al-Rashid banks were instructed to open a current account in the Iraqi dinar (deposit and withdrawal) for combating Corona virus for all directorates and departments of the Ministry of Health." "And the formation of the accounting unit regarding the granting of aid has been approved by the Central Bank and both the Rafidain and Rashid banks and the commercial bank and under the supervision of the Ministry of Finance, billions of dinars and millions of dollars have been collected for this account and in a short record time, and sums have been added to it from governmental and private commercial banks And the private sector in support of the efforts of the departments of the Ministry of Health. " It indicated that "by order of the Ministry of Finance, a disbursement committee has been formed under the supervision of the Diwaniya Commission (55) to combat the spread of Corona virus and these funds that have arrived, covering the work of the Ministry of Health in the field of fighting the virus during the next stage. In another area, pharmaceutical contracts were funded in the amount of 46 billion and 817 One million Iraqi dinars until the fifteenth of March in addition to the amount of 332 million dinars as operating expenses for all health departments in Baghdad and the provinces. " "The Deputy Prime Minister and Minister of Finance also sent a letter to the Ministry of Health, Chairman of the Diwaniya Commission 55, to allocate one of the properties of the Ministry of Finance to the State Real Estate Department as an alternative site at the Ministry of Health's disposal for its use of quarantine." Number of views 31 Added Date 02/04/2020
  3. An authorized source at the Central Bank of Iraq stated about what some of the officials are talking about to some officials about the possibility of printing an Iraqi currency to avoid economic problems and so on ... with the following: 1- The printing of Iraqi banknotes is a routine, technical procedure practiced by the central bank in accordance with the requirements of cash circulation, and printing of banknotes is a completely separate process from the cash issuance process. 2- No party can withdraw banknotes from the central bank unless there are funds in their accounts that cover the amount to be withdrawn. Therefore, the saying of the dinar does not mean any meaning other than strengthening the treasuries of the Central Bank in accordance with the monetary management policy, and it has no meaning or other purpose .. The Central Bank Law and Monetary Policy do not allow the issuance of cash in favor of an account without balance. 3- When the Ministry of Finance wishes to finance spending on the various spending units and salaries, it requests the Central Bank to strengthen its account in Iraqi dinars in exchange for withdrawing from its account in dollars. No amount is deposited into the finance account in dinars unless offset by a withdrawal from its dollar account. 4- The Central Bank Law does not allow him to lend to the government, whether by printing the currency or any other method, direct or indirect, and he is entitled to deduct the treasury transfers, if they are in the secondary trading market, as it is one of the tools of monetary policy, if he deems it based on Accurate, objective data serving monetary policy objectives. #The Iraqi Central Bank # Stay home #Awareness campaign Banking awareness and public protection
  4. Statement // An authorized source at the Central Bank stated the following: - The Central Bank denies rumors that its governor, Ali Mohsen Ismail, has been infected with the Corona virus, and confirms his personal safety, his concern and his commitment to all preventive measures and instructions of the relevant authorities. And while he wishes safety for all Iraqis, the Central Bank urges the media to be accurate during the news circulation, and to receive it from its sources, in order to ensure credibility in front of public opinion. #The Iraqi Central Bank # Stay home #Awareness campaign Banking awareness and public protection # Islamic_Advisor_Bank #MIB
  5. Iraqi Trade Bank: postponing the payment of loan installments granted to the beneficiaries of the Basmaya and Al-Darasah project for two months http://economy-news.net/content.php?id=19541 Economy News _ Baghdad The Trade Bank of Iraq announced, on Wednesday, that it will postpone the payment of loan installments granted to the beneficiaries of the Basmaya and Study project for a period of two months. The bank said in a statement, "Economy News" received a copy of it, that it "decided to postpone the payment of loan installments granted to the national and non-national employees with their salaries with the bank." The bank added that "the postponement also included the beneficiaries of a project with the protection of housing and a study loan without interest for a period of two months, starting from 1/4/2020 until 31/5/2020." Number of views 72 Date added 04/01/2020
  6. Central Bank: Trade and import financing will resume after the embargo is lifted The Central Bank of Iraq Banks The Economy News - Baghdad The Central Bank of Iraq announced today, Wednesday, that financing trade and imports will resume after the embargo is completely lifted. The Central Bank said in a press statement received by "Al-Iqtisad News", "the efforts of the various institutions in our country to combat the Corona epidemic and get out peacefully from this crisis come together , so we invite banks, exchange companies and electronic payment companies to take their responsible role at this stage. " He added that "although the curfew has affected the activities and actions of all official institutions, including the Central Bank of Iraq, we have taken the initiative to employ our cadres in order to sustain the payment of salaries and finance of food, agricultural, medical and all necessary materials . " And that "in this regard, the Central Bank of Iraq confirms the absence of any change in its policy in financing trade and imports, which will resume after the lifting of the ban completely . " He continued, "As for the current stage, the bank will start enhancing the bank balances abroad through the window of selling foreign currency according to a schedule of working days and according to the requirements of the situation and this will be reported first-hand, for the purposes of financing the credits of importing foodstuffs, agricultural supplies, medical materials and goods necessary for the country and citizens . Views: 51 Date added 04/01/2020 http://economy-news.net/content.php?id=19554
  7. The Central denied the infection of the governor of the emerging virus Corona The Central Bank of Iraq http://economy-news.net/content.php?id=19514 Banks The Economy News - Baghdad The Central Bank of Iraq denied, on Monday, the infection of the governor of Ali Al-Alaq with the new Corona virus. An authorized source in the bank said in a statement received by "Al-Iqtisad News", that "the central bank denies the rumors that its governor, Ali Mohsen Ismail, has been infected with the Corona virus, and confirms his personal safety, concern, and commitment to all preventive measures and instructions of the concerned authorities." "And while he wishes safety for all Iraqis, the central bank urges the media to be accurate during the circulation of news, and to receive it from its sources, in order to ensure credibility in front of public opinion," the statement added. Number of views 45 Date added 3/30/2020
  8. Iraqi Trade Bank raises its capital to 3 billion dollars The Iraqi Trade Bank logo, «Economy News» http://economy-news.net/content.php?id=19520 Banks The Economy News - Baghdad The Iraqi Trade Bank (TBI) announced today, Monday, the increase of its capital to 3 billion dollars. The bank said in a press statement received by "The Economy News", the Iraqi Trade Bank increased its capital from 2.3 billion dollars (2.7 trillion Iraqi dinars) to 3 billion dollars (3.5 trillion Iraqi dinars) in light of its business results for the year 2019 after its audit by the International Audit Company Ernst & Young (E&Y) and based on the approval of the Prime Minister of Iraq. He added that he achieved great growth in his revenues for the financial year ending 31/12/2019, reaching 708 million dollars (837 billion Iraqi dinars), an increase of 12% over the previous year and a net profit of 556 million dollars (657 billion Iraqi dinars), an increase of 68% from last year. Number of views 62 Posted on 3/30/2020
  9. Benefits of # localization of salaries: 1. Emiratization will reduce the risk of transferring the employee's money in cash. 2. Each employee who settles his salary will be granted a special salary card through which he can withdraw his salary from the various points of sale (ATMs / POS / Internet / ...) locally and globally. 3. The employee has complete freedom to withdraw, deposit and transfer money as desired, at any time. 4. The employee's salary may be exempted from the employee's periodic monthly commissions such as (low balance commission / account management). 5. A symbolic amount is collected from the employee for some financial services such as transfer service and salary card (this will be subject to agreement with the salary authority). 6. The employee may be permitted to use the salary card for cash withdrawals or purchases. 7. The employee may enjoy free online banking services without interest. 8. Salary localization will provide the employee with a package of banking products and services and loan facilities. 9. It helps the employee to save automatically and withdraw his need only .. 'Benefits of localizing salaries: 1. Emiratization will reduce the risk of transferring employee money in cash. 2. Each employee who settles his salary will be granted a special salary card through which he can withdraw his salary from the various points of sale (ATMs / POS / Internet / ...) locally and globally. 3. The employee has complete freedom to withdraw, deposit and transfer money as desired, at any time. 4. The employee's salary may be exempted from the employee's periodic monthly commissions such as (low balance commission / account management). 5. A symbolic amount is collected from the employee for some financial services such as transfer service and salary card (this will be subject to agreement with the salary authority). 6. The employee may be permitted to use the salary card for cash withdrawals or purchases. 7. The employee may enjoy free online banking services without interest. 8. Salary localization will provide the employee with a package of banking products and services and loan facilities. 9. The employee helps to save automatically and withdraw his need only.
  10. Al-Nassiri calls on the government to take decisive decisions and immediate remedies for the economic crisis The economic and banking advisor, Samir Al-Nassery http://economy-news.net/content.php?id=19498 money and business The Economy News - Baghdad On Sunday, the economist and banking expert, Samir al-Nusiri, called on the Prime Minister to the resigned government to entrust the Ministerial Council of Economy and economic experts in the government, universities and the private sector to participate in expressing his views and making observations to study and analyze the economic reality in the current circumstance and take decisive and bold decisions and immediate treatments to overcome our current economic crisis. Al-Nusairi said in an interview with "Al-Iqtisad News" that "in light of the global economic crisis and the Corona epidemic and the indicators that predict the arrival of oil prices to the price of its production and marketing cost and the slowdown in growth in the global economy to less than 1% and the possibility that the world will pass through the effects of the Great Depression in the second half of The year 2020 requires the resigned government and the new government, after its formation, to adopt a unified approach aimed at immediate remedies. " He added that one of the measures that the government should follow is to prepare an emergency budget based on the expected revenues from the marketed oil for the year 2020 at the minimum price expectations and reduce government expenditures for the three presidencies and the House of Representatives and independent bodies and special grades and pensions for those who previously worked in these sites since 2003 and insurance for the salaries of employees, retirees and social welfare. He continued that the sums must be secured in the face of the Corona epidemic to the Ministry of Health and the sums allocated to the reform decisions committed by the resigned government to implement the demands of the demonstrators as well as coordination between the fiscal and monetary policies to maintain the stability of the exchange rate and maintain the standard adequacy of the foreign monetary reserves of the Central Bank and stimulate and encourage the private sector and its involvement in Management of the economic process. He continued that "the import of semi-essential and luxury items must be stopped and the import should be restricted to food ration card materials, medicine and medical supplies, while increasing the food basket for the Iraqi family. Al-Nusairi stressed the necessity that “the economic decisions of the Ministerial Council of Economy be able to activate the real productive sectors and that industrial policy, agricultural policy and trade policy operate in a centralized, coordinated and coordinated approach with coordination of fiscal and monetary policies and that the central goal (economics is in the service of the people) and that activation and restructuring be done Governmental factories and the contribution of the private sector in managing and stimulating the Iraqi immigrant capital by restoring confidence in the government and returning to investment in Iraq, and that the agricultural land should be for those who grow it, and that the Supreme Economic Council should be formed equally between A government in the private sector and to form a central follow-up body with the participation of the private sector and that our central slogan (centralization of implementation and decentralization of implementation) and that our economic approach be as is the Chinese approach (socialist market economy) which will be the pole that will lead the world after Corona. And we have our own experience in Managing the economic approach in case of an emergency. Number of views 36 Date added 29/03/2020
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