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Al-Alaq: The devaluation of the dinar should not be the first line of defense to confront the financial crisis


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Parliamentary Economy Confirms: Al-Kazemi’s government is unable to tackle the financial crisis

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The Parliamentary Economic Committee confirmed on Saturday that the government of Prime Minister Mustafa Al-Kazemi is unable to address the financial and economic crisis that the country is going through due to the Corona pandemic.

The committee member, Mithaq Al-Hamedi, said that "Al-Kazemi’s government does not have an economic vision that will rid the country of the current financial crisis."

She added that "the option of compulsory saving or income tax for employee salaries is a decision similar to the government of Haider al-Abadi and will not solve the current crisis," noting that "the government does not need an income tax loan with a decision to borrow abroad because the tax will only benefit anything other than harming the employee's salary."

 

https://aynaliraqnews.com/index.php?aa=news&id22=135335

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Parliamentary finance reveals the theft of 190 billion dinars from one port per month

 20/06/2020
 
  
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Information / private ...

The Parliamentary Finance Committee revealed, on Saturday, the theft of 190 billion dinars per month from a land outlet.

Member of the Committee, MP Haneen Qaddo said in a statement to "Information", that "one of the border outlets imports up to 199 billion dinars per month as the government receives 9 billion Iraqi dinars only," pointing out that "190 billion dinars is divided between governors, tribal leaders and some partisan parties." ”

He added that "the revenues that are officially recorded for the border ports are not real and are stolen without any accountability." He called "Prime Minister Mustafa Al-Kazemi to send the Anti-Terrorism Agency to all border outlets to control the theft of funds and benefit from them in financing the federal budget."

He continued, "The revenue from the border outlets is able to cover the federal budget bill without the need for oil, which the Iraqi economy has become captive to."

Member of Parliamentary Finance Committee Faisal Al-Issawi considered, earlier, that the border crossings are witnessing "great chaos" and the theft of funds from unknown destinations. It ended 25 T.

 

https://www.almaalomah.com/2020/06/20/480794/

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Parliamentary Finance: Positive indicators about Iraq obtaining external loans to support its crisis

 20/06/2020
 
  
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Information / Baghdad

Member of Parliamentary Finance Committee MP Ahmad Al-Saffar confirmed on Saturday that there are positive indications that Iraq obtained external loans to support its current crisis.

Al-Saffar said in an interview with "Information", that " Iraq has been going through a stifling financial crisis for months due to the collapse of oil prices and its repercussions, especially with the spread of Corona virus, stressing that the Finance Committee had a broad meeting with the Minister of Finance about the internal and external borrowing file and ways to resolve it to support the country's crisis."

Al-Saffar added, “The Ministry of Finance started negotiating with the International Monetary Fund, donor countries and banks, and there are positive indications, and the Ministry with the Finance Committee is in constant motion in order to accelerate the borrowing file, pointing out that the salaries of the month of July will be secured according to the set schedules.”

Iraq has been suffering from a suffocating crisis for months after the collapse of oil prices caused by the Corona virus and the state of comprehensive economic closure in most countries of the world due to the outbreak of the epidemic. 25 p. Ended

https://www.almaalomah.com/2020/06/20/480817/

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Al-Halbousi: We strive to return the displaced to their homes

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 Al-Halbousi: We strive to return the displaced to their homes

 Today, 22:35

Gilgamesh Press / Baghdad
Speaker of the House of Representatives, Muhammad Al-Halbousi, confirmed today, Saturday, that we are striving to bring the displaced people back to their homes.

He said in a tweet on Twitter followed by "Gilgamesh Press", that "resolving the file of the displaced and ending their tragedy is the true indicator of the rise of the Iraqi state."

"We strive to address the causes of displacement and create the appropriate environment that enables the displaced to return to their homes, which requires the government to assume its full responsibilities for the success of these endeavors," he added.

https://glgamesh.com/144002--.html

 

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During his visit to the Ministry of Oil ... the Prime Minister praises the workers in the ministry and describes it as the icon of the Iraqi economy / expanded

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Baghdad / Nina / Prime Minister Mustafa Al-Kazemi confirmed the government's interest in supporting the work of the Ministry of Oil because it is an icon of the Iraqi economy and is a great tributary of the state’s revenues, indicating his keenness to visit and meet its national staff.


The Prime Minister said during his visit to the Oil Ministry building and his meeting with the leadership of the oil sector and presiding over a meeting with them that oil is a national wealth and must be developed according to modern technology through the development of fields and optimal investment of gas, as well as the development of refining industry to reduce imports of oil derivatives.


Al-Kazemi indicated that Iraq faces great economic challenges, especially with low oil prices, and reforms must be presented to meet these challenges. Therefore, what is required from the national staff in the ministry is to make more efforts to overcome the economic crisis by providing financial liquidity to the Iraqi state’s treasury and setting a program to establish an investment fund for future generations. .


The Prime Minister praised the efforts of the national staffs which are considered one of the great professional potentials and referred to as Lebanon globally and nationally, and we will be supportive of the Ministry and its owners.


For his part, Oil Minister Ihsan Abdul Jabbar said that Al-Kazemi’s visit is evidence of the prime minister’s interest in developing and supporting the energy sector in Iraq, indicating that the ministry has big projects and plans to develop the oil sector.


He added that we are working to implement the government program in a way that contributes to the optimal investment of the national wealth and we are working to increase financial revenues through the adoption of solid mechanisms to market Iraqi oil.


He continued, we have set ambitious plans to stop burning gas and invest it in a few years, and that meets the local need through the conclusion of a number of discreet contracts with international companies specialized in this field as we are working to develop the filter sector and improve its quality, by opening new refineries and adding new production units In order to cover the local need and stop importing it despite economic challenges and difficulties, in order to maintain and stabilize oil production and exports.

He pointed out that the ministry succeeded in providing oil products in a smooth flow despite the conditions of wandering and restricting the movement of vehicles between the governorates.

He added that the ministry has provided a lot of support to the health sector in the country by allocating funds to the health services in Baghdad and the provinces and providing them with health supplies and equipment within the program prepared by the ministry to combat Corona virus.

The Minister called on the Prime Minister to visit the large oil fields in Iraq to see the modern technology used by Iraq to develop production in the oil fields.

During the meeting, they also reviewed the mechanisms of exporting crude oil, pricing oil and the markets targeted by Iraq, and a study of the reality of international oil prices and how to deal with them, as well as the markets that Iraq deals with in exporting its various oils represented by the Asian market, the European market, and the American market.
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A legal expert clarifies the government's suitability to deduct part of the Kurdistan budget

 21/06/2020
 
  
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Information / private ...

Legal expert Ali Al-Tamimi said that the government has full authority to deduct part of the Kurdistan Region’s budget in the event that it refuses to pay its obligations from the dues stipulated in the budget.

Al-Tamimi told “Information” that “Article 10 of the public budget for 2019 obligated the region to pay oil imports for 250,000 barrels to the central government.”

He added that "the aforementioned article permitted the government to deduct the amount of imports of the amount of oil contained in the law from the region's budget in the event he fails to pay it to the central government."

And that "the salaries of employees have nothing to do with deductions, and therefore the government does not have the right to deduct salaries, but the general percentage allocated to the Kurdistan region should be deducted." 25 n ended

 

https://www.almaalomah.com/2020/06/21/480848/

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Al-Kazemi: Do not go back on stopping double pay and financial reform

 
 
 JUNE 21ST, 2020
 COMMENTSALI AL-KAZEMI: DO NOT RETREAT FROM STOPPING DOUBLE SALARIES AND FINANCIAL REFORM CLOSED
 
 
 

He emphasized that the total budget dependence on oil is evidence of the failure of previous policies.

Baghdad - the new morning:

On Saturday, Prime Minister Mustafa Kadhimi confirmed that the total budget dependence on oil is evidence of the failure of previous policies, indicating that the government intends to maximize other revenues.

This came during his visit to the Ministry of Oil and meeting with the advanced staff of the Ministry.

The media office of the Prime Minister quoted Al-Kazemi as saying that "the Iraqi oil sector is ancient, and we must work to restore its health."

He added: "It is important for oil revenues to be converted into development projects, and we are working to form the investment fund for future generations."

He continued: "The total dependence, with 95% of the budget on oil revenues, is evidence of the failure of previous policies, and we are working to maximize other revenues."

He explained: "There is no retreat from stopping double salaries and the detainees of Rafha and other groups to achieve justice, and what has been raised about the state's retreat is not valid and financial and economic reforms are continuing, and they are proceeding with our procedures."

He added: "There is no retreat from financial and economic reform, and it is not a reaction, but rather a reform process of what the situation has reached."

He continued: "There are those who are trying to disrupt, and we have a white paper for reforms, the debate is still ongoing," noting that "there are a lot of political bids, but the opportunity is important to address previous mistakes."

 

http://newsabah.com/newspaper/240773

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"Strongly worded" .. Iraqi Foreign Ministry reveals the content of the protest note to Turkey

2020.06.21
"Strongly worded" .. Iraqi Foreign Ministry reveals the content of the protest note to Turkey

 

People - Baghdad  

On Sunday, Foreign Ministry spokesman Ahmed Al-Sahaf confirmed that the ministry focused in the strongly worded protest document that was handed over to the Turkish ambassador on the need to invoke international diplomatic laws and norms, noting that challenges cannot be faced with unilateral military actions .  

Al-Sahaf said in a statement to the official agency, which was followed by "NAS" (June 21, 2020), "The Foreign Ministry summoned the Turkish ambassador to Baghdad to its headquarters, and delivered a strongly worded protest note to it, affirming the firm and principled position of Iraq in its right to defend its sovereignty and unity." Its territory, as well as the possibility of asking the Security Council, international organizations and the international crowd to stand up for Iraq. "  

He pointed out that "Iraq is based on its right on the constitutional principle that states that its lands do not use a headquarters or a corridor to cause harm and harm to any of the neighboring countries," noting that "according to this principle requires the Iraqi and Turkish sides to resort to permanent arbitration of dialogue and the sustainability of coordination to devote Historical relations between the two countries. "  

Al-Sahaf continued, "The challenges cannot be faced by unilateral military actions, without coordination with the Iraqi government in Baghdad," noting that "the ministry focused on a strongly worded protest document on the need to invoke international laws, charters and international diplomatic norms concerned in this regard, and taking into account the right Iraq and relying on solutions of a political and diplomatic nature in this regard. "  

The Foreign Ministry spokesman pointed out that "Iraq seeks to coordinate and communicate and build paths of joint interaction and all that would enhance security in the border strip connected with its neighbors."  

 

https://www.nasnews.com/view.php?cat=33641

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Erdogan is ready to give Iraq the water it needs

21/06/2020

 
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BAGHDAD - Mawazine News
, Turkish President Recep Tayyip Erdogan, on Sunday, expressed his willingness to give Iraq the water it needs.
Khalil al-Mawla, a member of the House of Agriculture, Water and Marshes Committee in the House of Representatives, said, "The Turkish side cooperated in this matter very significantly."
He added, "Some of the deputies representing the Turkmen component visited Turkey at the beginning of this year, and they called on the President of the Republic, Recep Tayyip Erdogan, to cooperate in the field of guaranteeing Iraq's water share."
Al-Mawla continued, "The Turkish president expressed his willingness to give Iraq the water it needs," he ended. 29 / A43

 

https://www.mawazin.net/Details.aspx?jimare=106245

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Member of the Finance Committee: Withholding the salaries of state employees will not solve the financial crisis

 21/06/2020
 
  
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Information / Baghdad ..
Member of Parliamentary Finance Committee MP Ahmad Al-Saffar confirmed on Sunday that deducting the salaries of state employees will not solve the financial crisis in the country.
Al-Saffar said in an interview with "Information", that "the intention financial committee is continuing with the government towards securing the file of employees salaries, and it is against prejudice in any way, but it strongly supports the review of the salary scale to achieve social justice."
Al-Saffar added, “Any deduction of salaries will be presented to the Parliamentary Finance Committee and will definitely be rejected because fundamentally all deduction amounts are not significant in order for the financial crisis in the country to be resolved stating that any other solutions should be used away from the deductions, especially in light of the difficult economic conditions that pass Most of the slides are due to the consequences of the Coruna virus. ” Iraq is
sufferingFrom a severe financial crisis due to the collapse of oil prices and the repercussions of the Corona virus, in a way that prompted the government to seriously consider deducting part of the salaries of state employees, despite the popular rejection. Ended / 25

 

https://www.almaalomah.com/2020/06/21/480931/

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Does the decision to impose income tax on employee salaries need a parliament vote?

 21/06/2020
 
  
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Information / private ...

On Sunday, legal expert Ali Al-Tamimi explained the legal mechanism of the parliament’s decision to impose income tax on employee salaries.

Al-Tamimi said in a statement to / Information /, “The cabinet’s decision to impose income tax on employee salaries is an extension of the tax law as it does not need a vote by the House of Representatives.

He added, “Parliament’s vote is limited only if new paragraphs are included within the law, which may include the inclusion of pensions and the end of service remuneration, since these paragraphs were not included in the tax law,” noting that “the income tax decision has been in effect since the cabinet voted on it.”

And the Parliamentary Economic Committee confirmed yesterday, Saturday, that the government of Prime Minister Mustafa Al-Kazemi is unable to address the financial and economic crisis that the country is going through due to the Corona pandemic. It ended 25 T.

 

https://www.almaalomah.com/2020/06/21/480997/

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The Minister of the Interior: There is no good in an institution that does not take care of the families of its martyrs, their wounded, and their affiliates

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 The Minister of the Interior: There is no good in an institution that does not take care of the families of its martyrs, their wounded, and their affiliates

 Today, 23:10

Gilgamesh Press / Baghdad

On Sunday, Interior Minister Othman Al-Ghanimi affirmed that the opening of the investigative councils is one of the principles of the government curriculum, and that everyone who has an investigation will be referred to integrity.
Al-Ghanimi said in a statement that: "A meeting was held with the Undersecretary for Administrative and Financial Affairs Lieutenant-General Abdel Halim Fahim Al-Farhoud and all the affiliations of the public and private directorates of the administrative agency. During the meeting, a number of issues were discussed, including the organizational structure of the Ministry of Interior."
During the meeting, the Minister stressed the importance of the agency's work being in accordance with contexts, accuracy, centralization and elimination of flabby, indicating that the institution should not neglect its good qualifications, and that keenness is required in performing the duty and that the ministry’s interest is the basis and away from selfishness, stressing the importance of the chain of command.
He also stressed the interest in the promotion schedule and the removal of injustice from any officer, while calling for following up the needs and requests of the families of the martyrs and the wounded, as well as the completion of the investigative councils in their introduction to the martyrs.

https://glgamesh.com/144138--.html

 

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Construction: The Saad Company resumes the implementation of a number of building and bridge projects

 22/06/2020

 
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Baghdad - Mawazine News
, The Ministry of Construction, Housing and Public Municipalities revealed, on Monday, that Saad State Company, one of the Ministry's formations, has resumed its work to complete the handover of 5 school buildings in all governorates, as well as the continued implementation of the Karaguliya and Rustumiya bridges in Baghdad and the Musayyib bridge in Babil Governorate.
The general manager of the company, Sadiq Muhammad, confirmed that "it is hoped that the buildings of (Muhammad Al-Baqir) A and (Al-Safa) schools will be completed in the governor of Dhi Qar and (Al-Tabar and Al-Tarabya) in Al-Diwaniyah Governorate and (Al-Taleea ') in Basra Governorate and handed over to the Ministry of Education within the next few months." .
He added, "The company is nearing completion of the Karaguliyya Bridge project, which is intended for the crossing of load vehicles as an alternative route to Rustumiya, while the company continues to construct 3 temporary bridges to ensure the continuity of the movement of wheels and carriers after starting the construction of the Rustamiyya Bridge. Ended A / 29 43

 

https://www.mawazin.net/Details.aspx?jimare=106343

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Parliamentary integrity reveals to NINA close proximity to opening major corruption files in state institutions

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Baghdad / Nina / The Parliamentary Integrity Commission revealed that close to opening large corruption files in state institutions.

A member of the committee, who is representing the "Saeroun" / Sabah Al-Okaili alliance, said in a special statement to " Nina ": "The committee set its priorities to open large corruption files, the most prominent of which are drug files in the Ministry of Health, corruption files in the Ministry of Oil, and the file of abuse on state properties."

He emphasized: "The file of transgression of public funds and state properties has been sent to the Integrity Commission, and during the next two days, a comprehensive investigation will be opened and summoning those involved." / End 9
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The Minister of Finance informs the parliament about the government's plans to prepare the 2021 budget

22/06/2020
 
  
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Information / Baghdad ..
The decision of the Parliamentary Finance Committee, Ahmed Al-Saffar, revealed on Monday that the government is currently preparing a budget of 2021 according to the Financial Management Law, stressing that Finance Minister Ali Allawi has officially informed us of the preparation of a new budget.
Al-Saffar said in a statement to "Information", that "the government started preparing the 2021 budget according to the Financial Management Law," noting that "the government did not refrain from sending the 2020 budget to the House of Representatives."
He added that "a session after tomorrow, Wednesday, will witness the government's request to confirm sending the 2020 budget, even half a year, to override the mistakes of the 2014 budget."
The deputy of the Alliance of Al-Fath Muhammad Al-Baldawi described in a previous statement to “The Information”, the government directs not to approve the financial budget for the year 2020 as an unethical and frustrated step. Ended / 25h

 

https://www.almaalomah.com/2020/06/22/481084/

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Parliament is considering holding Wednesday's session through the electronic window

 22/06/2020
 
  
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Information / Baghdad .. The
deputy of the Al-Fateh Alliance, Muhammad Karim, confirmed on Monday that the parliament presidency informed the parliament that the next session will be held tomorrow, Wednesday, amid health precautions, and the opposite will take place through the electronic window, indicating that the next session will discuss the internal and external borrowing law.
Karim said in a statement to "Information", that "the Presidency of the House of Representatives informed all the deputies of their firm intention to hold a session of Parliament next Wednesday."
He added that "the session will be amid tight health precautions and in the event that these precautions are not prepared, it will take place through the electronic window", indicating that "the next session will be a discussion of the internal and external borrowing law."
The MP, Hanin al-Qaddo, had confirmed in a previous statement to / the information, that the Presidency of the Council of Representatives will take strict health measures to hold the next parliamentary sessions, indicating that disrupting the work of Parliament at the present time is not possible at all. Ended in / 25 pm

 

https://www.almaalomah.com/2020/06/22/481133/

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Official: $ 8 billion and continued smuggling of oil, the price of the Turkish incursion into the Kurdistan region

22/06/2020
 
  
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Information / private ...

A government official revealed, on Monday, an agreement between the Kurdistan Regional Government and the Turkish side to carry out military strikes on sites in the Sinjar district in exchange for protection of $ 8 billion and continued smuggling of oil through the Ceyhan outlet.

The official, who refused to reveal his identity, said in a statement to "Information", that "the Kurdistan Regional Government granted the green light for Turkish forces to enter its lands in exchange for protecting its money in Turkey, which amounts to 8 billion dollars," noting that "the agreement on the Turkish incursion into Iraqi lands also included The continued smuggling of oil left behind by the two ruling parties in the region through the Ceyhan outlet.

He added that "the Turkish incursion and the recent attacks took place in prior agreement with the Kurdistan government and through these attacks are trying to control the Sinjar district," noting that "the silence of the region's leaders is due to a political and financial agreement with Turkey."

Yesterday, Sunday, the Turkmen leader Jassim Muhammad Al-Bayati promised the Kurdistan Regional Government to keep silent about the Turkish attacks in Sinjar district and the incursion into the territory of the region due to the Turks offering concessions to the ruling authority. It ended 25 T.

 

https://www.almaalomah.com/2020/06/22/481182/

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A parliamentary committee announces the agreement with the Minister of Finance to secure the salaries of employees and retirees

 06/22/2020

 
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Baghdad - Mawazine News
revealed the Parliamentary Finance Committee, on Monday, the agreement with the Minister of Finance to secure the salaries of employees and retirees.
According to the official agency, member of the committee, Hanin Qaddo said, "During a meeting of the Parliamentary Finance Committee with the Minister of Finance, internal loans were agreed to cover the salaries of employees and retirees, as well as an external loan of $ 5 billion, provided that this amount is used to complete the slow projects."
“The government should take economic measures and not rely on internal and external loans in its fiscal policy,” Qaddo added.
He explained, "The parliament session scheduled for next Wednesday will be held in the large hall, to achieve social divergence due to the increase in the number of new infections of the Corona virus," noting that "the session includes a discussion of the internal and external borrowing law."
The Presidency of the Council of Representatives has set next Wednesday as the date for a session to vote on the internal and external borrowing bill on Wednesday 24/6/2020 one o'clock in the afternoon. Ended 6/6 n

 

https://www.mawazin.net/Details.aspx?jimare=106453

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Find out the summary of the trading of the Iraqi market for securities for today, Monday

2020-06-22
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Yassin Iraq: Baghdad

The "Iraq Iraq" platform publishes trading indicators for the Iraq Stock Exchange today, Monday:

  1. The number of shares traded (826,628,776) shares.
  2. The value of shares (574,977,960) dinars.
  3. The ISX 60 price index closed today at (430.83) points, down (0.10%) from its closing in the previous session of (431.25) points.
  4. Trading shares of (21) companies out of (104) companies listed on the market.
  5. The number of companies suspended by a decision of the Securities Commission for not complying with the financial disclosure instructions is (22) companies.
  6. The number of shares purchased from non-Iraqi investors in the regular market reached (371) million shares, at a value of (121) million dinars, through the implementation of (39) transactions on the shares of three companies.
  7. The number of shares sold by non-Iraqi investors in the regular market reached (20) million shares, at a value of (18) million dinars, through the implementation of (10) transactions on the shares of three companies.

https://yesiraq.com/تعرف-على-ملخص-تداول-سوق-العراق-للأوراق/

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