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Mr. Sadr tweets on the budget and warns


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Al-Kazemi to Emirati businessmen: The doors of Iraq are open to you and we are interested in clean energy

 
Al-Kazemi to Emirati businessmen: The doors of Iraq are open to you and we are interested in clean energy
 
 
04/4/2021 16:34:52
 
 
The Prime Minister, Mustafa Al-Kazemi, met today, Sunday, at his residence in the United Arab Emirates, a group of Emirati companies and businessmen.
 

Al-Kazemi stressed during the meeting, that Iraq has gone through difficult and complex conditions that have delayed development and services, and that Iraq is the cradle of civilizations and the great diversity that represents an element of strength for us, deserving of efforts to serve its citizens. 

He explained that the Iraqi government has taken bold measures in the financial sector, economy and development, and there is a gradual recovery of the Iraqi economy.

The Prime Minister referred to the reform paper prepared to reform the private sector and provide all facilities to it, stressing that “the doors of Iraq are open to Emirati companies and businessmen, and that several measures have been taken to reduce bureaucracy and overcome obstacles facing companies. 
 

Al-Kazemi stressed that the government attaches great importance to clean energy, and has drawn up plans and taken several measures regarding them. 

For their part, businessmen praised the reforms taken by the Iraqi government headed by Al-Kazemi, which were recently touched, and confirmed their readiness to work in Iraq in various sectors. 

Today, Sunday, Prime Minister Mustafa Al-Kazemi is conducting an official visit to the United Arab Emirates, to discuss bilateral relations between the two countries, enhance means of joint cooperation, and discuss a number of files of common interest.

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3 hours ago, DinarThug said:

Al-Fath: We will collect signatures to question the bank’s governor and remove him if he refuses to reduce the dollar’s price

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15:46 - 04/04/2021
 

On Sunday, the Al-Fateh Alliance announced its intention to collect signatures to question the governor of the Central Bank in the coming sessions and force him to reduce the price of the dollar, indicating that if the matter is rejected, we will request his dismissal.

"Even after passing the budget, steps are still effective to pressure the government to bring down the price of the dollar, as it has greatly harmed the citizen's economy," said Al-Fateh Mukhtar Al-Moussawi.

He added that "in the next parliament session, we will move to collect signatures to question the current central bank governor about the decision to raise the dollar exchange rate and the reason for the continued insistence not to reduce it despite the absence of the need for the matter."

He explained that "pressure will be placed on the governor to reduce the price of the dollar by various legal means."

 

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Deputy: It is wise to withdraw the request to question the governor of the Central Bank for unknown reasons


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11:50 - 04/04/2021

Representative of the state of law, Abdul Hadi al-Saadawi, revealed, on Sunday, that the Wisdom Movement withdrew the request to interrogate the governor of the Central Bank, Mustafa Ghaleb, for unknown reasons, pointing out that there are many reprimands for the performance of the policy of the governor of the Central Bank.

Al-Saadawi said in a statement to "the information", that "the interrogation of the central bank governorate was withdrawn for unknown reasons by the Wisdom Movement, or what is known as the Iraqi Alliance."

He added that "there is a reservation on the performance of the portfolios, including the rise in the exchange rates of the dollar against the Iraqi dinar, as well as the window of the currency auction."

The deputy of the Al-Fateh Alliance, Hamid Al-Mousawi, confirmed earlier, that the policies pursued by the Central Bank are wrong and they are subject to the policies of the International Monetary Fund, which is already subject to US directives.  
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The Sistani authority determines the first day of the month of Ramadan and publishes texts for all governorates

image.jpeg.dda68d211b27183a59dfc21d756840d4.jpeg

 

4th April, 2021


The Office of the Supreme Religious Authority, 

Grand Ayatollah Ali al-Sistani,

expects that Wednesday, April 14,

will be the first day of the blessed month of Ramadan.

 

And the Office of the Supreme Reference published Imsakah for the holy month

To view the catch, click here

download file

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KURDISTAN REGION WILL ABIDE BY BUDGET AGREEMENT OR INDEPENDENT OIL SALES WILL BE PREVENTED: MP

But predicts compliance
 

4 minutes ago

https://www.nrttv.com/En/News.aspx?id=27250&MapID=2

 

SULAIMANI — If the Kurdistan Regional Government (KRG) does not abide by the recent budget agreement with the federal government, Baghdad will not allow Erbil to sell oil independently, Council of Representatives lawmaker Rezan Sheikh Dler said on Sunday (April 4).

During an interview with Voice of America (VOA), Dler said that the agreement authorizes the sale of oil by the Kurdistan Region, but requires it to submit a portion of what it pumps to Baghdad.

She said that the situation in the Kurdistan Region is “economically bad,” so the Region will abide by the agreement.

On Wednesday night, the Council of Representatives passed the Federal 2021 Budget Law, including Article 11, which outlines the Kurdistan Region's share.

The KRG will receive 9.5 trillion Iraqi dinars ($6.5 billion), which will be disbursed in monthly increments, in return for submitting 250,000 barrels of crude oil per day to Iraq's oil marketer SOMO for export. The federal government will be able to cut off funds in the event of non-compliance

“Complaints have been filed against the Region over oil [in the past], but this time’s agreement is what the Region wanted,” Dler said.

(NRT Digital Media)

 

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UAE announces $3bn Investment in Iraq


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5th April, 2021


The United Arab Emirates (UAE) has announced a $3-billion investment in Iraq, with the aims of strengthening economic and investment relations, creating new opportunities for cooperation and partnership and advancing developmental growth to support the Iraqi people.

The initiative was announced following Iraqi Prime Minister Mustafa Al-Kadhimi's official visit to the UAE on Sunday, during which he met with His Highness Sheikh Mohammed bin Rashid Al Maktoum.

In a statement, the Iraqi Government said it also appreciated the UAE's initiative to rebuild Al-Hadba Minaret, the Al-Nuri Mosque as well as a number of churches in Ninewa province.

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Fiscal sustainability is the cornerstone of economic reform
 

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5th April, 2021

by Samir Al-Nasiri 


The observer and observer of the role of economic institutions during the lean years that Iraq has gone through and is still going through since 2003 with regard to managing the Iraqi economy notes that there are failures, challenges and repercussions related to the loss of methodology, lack of clarity of policies and programs and inconsistency of strategies prepared in partnership with international organizations, experts and consultants Iraqis with the reality of the Iraqi single-resource economy, which depends mainly on oil rent, and what this led to a structural and structural defect in the economy, the lack of stability in the financial system and the monetary system due to the deficit in revenue, the gas, the deficit in the balance of payments, the deficit in public budgets and the lack of coordination between the two financial policies added to this was the mismanagement of public money.

In addition, the private sector was not given an effective role in making economic decisions ... All the above failures, in addition to political and security instability and the war on terror, led to economic instability and deficiencies in visions to build a solid national economy capable of drawing the preludes to the transition to a market economy. The above failures and challenges have created a fog and a pessimistic outlook for our economic future among our people and many of our economic elites. 

However, many economists, financial and local and far-sighted experts believe that there are promising points and experiences that some economic institutions have carried out during the past 18 years, clearly and effectively, which are the years of the stifling economic and financial crisis, and one of the most prominent bright spots in this process is the experience of the Central Bank in supporting the national economy with its governorate. 

On his functions, goals and independence specified in his law. 

The most important achievement of the Central Bank is its contribution to achieving economic resilience and enhancing financial sustainability in crises.  

Through implementation and development measures and building balanced relationships with Arab, regional and foreign banks, and its strategy for the past five years, in addition to the results achieved on the scope of domestic monetary policy applications, and convincing international financial organizations, the most important of which is the official reports issued by them, confirm the success of the central bank’s policy in achieving an important transition for the Iraqi economy from the gray stage. To follow up periodically. 

As far as we know we who are interested in economic, financial and banking affairs in the implementation procedures of the means of monetary policy applications. 
 

The bank has played a major role in supporting the national economy and strengthening the state treasury in addition to its numerous contributions and initiatives to revitalize the economic cycle, enhance liquidity in banks, continue to pay the salaries of employees and retirees, and the dues of contractors and farmers, and reach a re-extension of coordination bridges between the fiscal and monetary policies and propose economic and structural policies to prepare public budgets for years The upcoming and attempts to restore confidence in the banking system. 

The Central Bank has proven its obvious ability to interact, analyze obstacles to work, and create conditions to overcome challenges. However, there is still a long way to go in front of the Central Bank and the relevant government agencies. In order to achieve a sound national economy building, therefore, I invite economic elites to interact with bright points and experiences and sing them with their ideas, visions and proposals to build a solid national economy, overcome challenges, correct wrong paths, and in transparent and calm dialogues. 

Because preserving the spirit of economic steadfastness and financial victory and moving forward to ensure financial sustainability for the coming years comes for well-known reasons, the most prominent of which is that the Iraqi economy is rentier and depends mainly on oil and because of the fluctuation of its global prices, down and up by (20% - 70%), confusion and imbalances in the management of the economy The lack of clarity of the vision and the economic approach and the insufficient legal environment regulating the management of the economy and money.

And the lack of a sovereign fund in the years of financial abundance. 

All this coincided with conditions of fragility and instability, which led to the country's burden of additional economic problems and large financial costs, which were reflected in the increase in the unemployment rate and the percentage of the population below the poverty line. 

This required the government, its agencies, institutions, advisors, and economic elites to reconsider plans and programs to overcome the weakness and fragility that were diagnosed by national and international reports, with trends that require a national sense and real and sincere intentions for change and reform.

And that a new economic methodology is adopted by diversifying the sources of budgetary resources, moving the economy from rentier to productive, establishing a market council, engaging the private sector in making economic decisions during the next five years and leading the market in accordance with Iraq’s 2030 vision.

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Representative Investment: Neglecting the Chinese Agreement is a "Strategic Line"

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19:57 - 04/04/2021
 

On Sunday, a member of the Parliamentary Economic and Investment Committee, Representative Nada Shaker Jawdat, described the failure to activate the Chinese agreement as a "strategic mistake" in Iraq.

"Iraq is a central and important country in the Middle East region, and the language of interests pushed the expansion of eastern and western countries together to its depth, as it possesses enormous economic wealth and capabilities," Jawdat said in an interview with the agency , affirming that "not activating the Chinese agreement is a major strategic line with repercussions." In different directions”.
 

And she added, "The power of the Iraqi negotiator can create a balance between all the eastern and western axes by giving the concession to everyone on the basis of whoever makes the best bids in construction, reconstruction and service provision regardless of the concept of politics and its interventions.

She pointed out that "the country is in a difficult economic and financial situation, and the situation arrived in some months to borrow to finance salaries, despite the great economic capabilities of the country." 

And she continued, "The Chinese agreement is very important for the renaissance of Iraq and it must be sought to revive it again and push it to initiate the implementation of large service projects and that transparency is present in all events."

Iraq had concluded a strategic agreement with China, but it had not been implemented for many months due to great internal and external pressures. 

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40 minutes ago, DinarThug said:

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Representative Investment: Neglecting the Chinese Agreement is a "Strategic Line"

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On Sunday, a member of the Parliamentary Economic and Investment Committee, Representative Nada Shaker Jawdat, described the failure to activate the Chinese agreement as a "strategic mistake" in Iraq.

"Iraq is a central and important country in the Middle East region, and the language of interests pushed the expansion of eastern and western countries together to its depth, as it possesses enormous economic wealth and capabilities," Jawdat said in an interview with the agency , affirming that "not activating the Chinese agreement is a major strategic line with repercussions." In different directions”.
 

And she added, "The power of the Iraqi negotiator can create a balance between all the eastern and western axes by giving the concession to everyone on the basis of whoever makes the best bids in construction, reconstruction and service provision regardless of the concept of politics and its interventions.

She pointed out that "the country is in a difficult economic and financial situation, and the situation arrived in some months to borrow to finance salaries, despite the great economic capabilities of the country." 

And she continued, "The Chinese agreement is very important for the renaissance of Iraq and it must be sought to revive it again and push it to initiate the implementation of large service projects and that transparency is present in all events."

Iraq had concluded a strategic agreement with China, but it had not been implemented for many months due to great internal and external pressures. 

Chinese can kiss Pimpys butt

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The currency auction stops for a week as a result of banks’ fear of changing the dollar’s price

1617617642682.jpeg

 

5th April, 2021


A government source revealed on Monday that the currency auction was suspended for a week due to banks’ fear of changing the dollar’s price.

The source said in an interview with Shafaq News that "banks have stopped participating in the currency auction that the Central Bank conducts daily during the past week due to their fear of changing the dollar exchange rate in the budget that was approved last week." 

He added, "It is expected that the banks will participate in the auction and submit their requests to the bank to buy the dollar, starting from the current week," noting that "these requests will be implemented during the end of the week or the beginning of next week."

On Wednesday (March 31, 2021), the Iraqi parliament voted on the federal budget law for the fiscal year 2021, with a deficit of more than 28 trillion dinars, and a tug of war that lasted for months.

The general budget revenues amounted to more than 101 trillion Iraqi dinars, while expenditures were estimated at 129 trillion dinars. 

And some political blocs had called for a reduction in the price of the dollar in the budget, which made the price of the dollar affected in the local markets between the ups and downs.

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Al-Fath: The new oil prices give the state economic strength, and reviewing the exchange rate is an urgent necessity

 
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17:09 - 05/04/2021
 

The Al-Fateh Alliance, on Monday, indicated that the oil market has shifted from stagnation to boom and high prices to excellent levels that give the state many economic potentials.

A member of the coalition, Hamid al-Mousawi, said in a statement to Al-Maalouma Agency, that “selling prices have reached levels of 71 dollars per barrel, market recovery and increased demand for it gives the state economic strength that enables it to adapt resources with ease and simplicity.”

He added, "The current oil prices will witness another rise and thus give the Iraqi government the ability to deal with a variable exchange rate and great economic flow and not rely on fixed exchange rates that harm the Iraqi market and the simple citizen."

He pointed out the need that "the Iraqi government and the Central Bank reconsider the exaggerated exchange rates and develop a new and reasonable study that adapts to the reality of the economic situation in Iraq and is fair to various segments of society."

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Economist: The International Monetary Fund suggested to Iraq that the exchange rate should remain at 1130
 

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19:08 - 04/05/2021

The economist, Hakim Al-Adly, said on Monday that the government's insistence on keeping the exchange rate at what it is in the budget at 1445 is illogical.

Al-Adli said, in a statement to the information agency, that “what the exchange rates have witnessed from rising may prompt the Iraqi citizen to return to the days of selling window curtains and house doors in order to provide a livelihood for children in light of the obscene price that Iraq will accept when the price of 100 dollars reached 150 thousand Iraqi Dinar".


He added, “The government's insistence is illogical regarding the dollar’s exchange rate remaining as it is, and there is no justification for its survival, especially since the International Monetary Fund proposed to Iraq that the price of the dollar be at the limits of 1130 dinars and not as approved in the budget at 1445 ″.

He pointed out that "the coming days may witness a big jump in prices, and it is likely that they will increase when the budget reaches the Presidency of the Republic and is approved," indicating that "we will not be surprised if the dollar price reaches 1550 dinars, as it is a government desire to exhaust the citizen."

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The Ministry of Interior resolves the issue of high food prices and puts a hand on the causes .. Bad results that are pleasing to the citizens


2021-04-05
 
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Yes Iraq: Baghdad

 

After a directive from Prime Minister Mustafa Al-Kazemi to pursue merchants, monopolists and food price risers, it seems that the Ministry of Interior has completed its mission without making any change and that prices will remain the same, as the ministry discovered that prices were not raised by traders and that their rise is natural and related to global stock exchanges.

The ministry’s spokesman, Major General Khaled Al-Muhanna, told the official agency in statements followed by Yass Iraq, that “there are several complaints received from citizens regarding the price increase of some foodstuffs, especially oil and sugar,” indicating that “after an audit by the Economic Crime Control Directorate and the Crime Control Directorate The organization turns out that these two articles were their rise related to a rise in global stock exchanges due to the Corona pandemic and what came with it.

 

Global blockbuster raises prices

And one of the reasons cited by the ordeal caused a rise in prices globally, n "some countries producing these materials have suffered from problems related to the desire of some countries to secure their food security and there is a demand for these materials in addition to the issue of maritime transport in which a rise in prices occurs," noting that " 

"This increase in prices corresponds to the global increase in global stock exchanges, and the Ministry of Commerce has the official pricing in the global stock exchanges, which reaches its numbers firsthand.

 

"All materials on the market are not priced by the ministries of commerce and agriculture," Al-Muhanna added, noting that "the Ministry of Interior is concerned only in the legal aspect, which is related to the practice of some monopolies or speculation in the market and other such matters that are inconsistent with the law."

 

Simple cases of monopoly .. and it's over

He stressed that "in the past period, some cases of monopoly occurred under the circumstances of the Corona pandemic, as some tried to monopolize foodstuffs, but the Economic Crime Control Directorate responded to these cases and the materials were seized in the local markets."

Regarding poultry and fish, Al-Mihna said, "These materials have influenced global conditions, as there are many raw materials such as food and medicine, which are an import process that has increased their prices."

According to Al-Muhanna's statement, the prices of chicken, fish, oil and sugar have risen for global reasons and for ways to reduce their prices, and they will remain dependent on the global stock exchange.

Less than a week ago, Al-Kazemi had directed the Ministry of Interior and the National Security Agency to take the necessary measures to prevent tampering with the citizens' food, while he called on the Ministries of Commerce and Agriculture to prepare flour at reasonable prices.

The General Secretariat of the Council of Ministers said in a statement: “Prime Minister Mustafa Al-Kazemi directed the Ministry of Interior and the National Security Agency to take the necessary measures to prevent tampering with citizens’ food, stop the greed of some merchants and follow the markets. ”

She added, "He also directed, with the support of the ministries of commerce and agriculture, to work with the utmost efforts to prepare flour at reasonable prices."
Citizens to buy foodstuffs due to the approaching month of Ramadan, as it happens annually.

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37 minutes ago, DinarThug said:

The currency auction stops for a week as a result of banks’ fear of changing the dollar’s price

1617617642682.jpeg

 

5th April, 2021


A government source revealed on Monday that the currency auction was suspended for a week due to banks’ fear of changing the dollar’s price.

The source said in an interview with Shafaq News that "banks have stopped participating in the currency auction that the Central Bank conducts daily during the past week due to their fear of changing the dollar exchange rate in the budget that was approved last week." 

He added, "It is expected that the banks will participate in the auction and submit their requests to the bank to buy the dollar, starting from the current week," noting that "these requests will be implemented during the end of the week or the beginning of next week."

On Wednesday (March 31, 2021), the Iraqi parliament voted on the federal budget law for the fiscal year 2021, with a deficit of more than 28 trillion dinars, and a tug of war that lasted for months.

The general budget revenues amounted to more than 101 trillion Iraqi dinars, while expenditures were estimated at 129 trillion dinars. 

And some political blocs had called for a reduction in the price of the dollar in the budget, which made the price of the dollar affected in the local markets between the ups and downs.

 

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A source reveals that the auction sale of the work has stopped
 

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5th April, 2021

An official in the Iraqi Central Bank said, Monday, that the currency auction has been suspended since last Wednesday, due to the failure of banks to buy the currency from the auction, fearing that the budget will be approved in a timely manner and its impact on the exchange rate.

The source said to "Tigris", that "banks have enough reserves to trade for a number of days without buying from the currency auction."

He added, "A number of banks have submitted the purchase request for currency from the auction, but the auction will resume on next Sunday, the beginning of the new week." 
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3 hours ago, DinarThug said:

 

 

37 minutes ago, 6ly410 said:

 


Yo Snap - Did Bro Just Re-Tweet Another One Of My Tweets ? :o 

 

image.gif.9dfb632b93909e8083f2f26abfb55bef.gif


Ok - So Maybe It Was From The Ministry Of Redundancy Ministry ...

 

:D  :D  :D 

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49 minutes ago, horsesoldier said:

I’m hearing the Twilight Zone theme.... what does it all mean ?????


Imagine Urself Trapped In An Endless Investment ! :o 

 

image.gif.c3fe5b15f9f6d5069ad03c5066bded17.gif

 

With Endless Repeat Tweets ...

 

:D  :D  :D 

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:soon:

:D  :D  :D 

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Nechirvan Barzani to visit Baghdad Soon


Nechirvan Barzani to visit Baghdad soon 
 
 
04/05/2021 17:04:48
 
 
The chief advisor to the president of the Kurdistan region, Nechirvan Barzani, announced, on Monday, that the president of the region will visit Baghdad in the coming days to hold meetings with officials in Baghdad and take advantage of the opportunities available to solve problems.
 
Falah Mustafa said in a press statement, "We are in contact with the offices of the Prime Minister and the President of the Republic to set a date for Barzani's visit to Baghdad," and it is likely that "the visit will take place in the coming days."


Mustafa added that "the visit comes as evidence of the region’s president’s keenness to continue dialogue with the Iraqi parties to solve problems and take advantage of the available opportunities."

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Video: What's behind Iraq's Large Gold Exports?

gold-bullion-Pixabay.png

 

5th April, 2021


Gold has become one of Iraq's top exports despite there being no gold deposits.

So what is the secret?

Al Jazeera's Osama Bin Javaid reports from Baghdad:

VIDEO IN ENGLISH

###########

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What is the secret behind Iraq's large gold exports?

 
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13:25 - 04/05/2021
 
 

A report by the English channel Al-Jazeera revealed that gold has become the third largest export in Iraq after oil, as the volume of trade with Turkey alone reached 8 billion dollars in 2020, after it was 2.5 billion dollars in 2019.

"Iraq does not produce gold, but imports it from other countries, then gold traders export it either for processing or converting it into jewelry, more often than not smuggled, as deep-rooted corruption and a weak economy facilitate the black market operators to move things across borders," the report translated by the agency said. He added that "local industries, not just gold, in Iraq died because of the lack of electricity.

Iraq is not attractive to investment and is not a friend to business, so Iraqi merchants and businessmen go to Turkey and other countries because it is better in quality and cheaper."

The report continued that “there are no clear data in Iraq about the quantities of gold entering and leaving the country.

The Ministry of Trade was asked, so I evaded and sent us to the Ministry of Finance, which in turn evaded and asked that we ask the Central Bank, which in turn said that the data must be kept by the Ministry of Planning.”

For his part, a spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said, “With regard to imported quantities, it is not our job, as there is a Quality and Standards Organization that monitors goldsmiths all over Iraq
We also have offices at border crossings and airports to ensure quality and reduce smuggling. " According to him.

Diplomatic sources, who refused to disclose themselves, explained that “due to lax security at the crossings and the lack of law, gold is smuggled into neighboring countries, and economic uncertainty in Iraq leads to an increase in domestic demand, despite the current Coronavirus pandemic.”

The report indicated that “due to the state of security in Iraq, many Iraqi families resort to investing in precious metals instead of keeping their money in dollars or Iraqi dinars, and since the precious commodity has now become a major economic entity, they want the government to ensure that it is adding to the economy instead of than to move away from him”. 

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Draft agreement between Iraq and the European Investment Bank


Tuesday 06 April 2021

alsabaah-72871.jpg

 

: Morning

 

The Ambassador of the Republic of Iraq, Sadiq al-Rikabi, to Belgium, Luxembourg and the European Union, stressed that the basic principles underlying the policy of the Republic of Iraq in its international relations come in fulfillment of its obligations and to advance the three pillars of the United Nations, which are sustainable development, peace and security, and human rights.

In this context, the Iraqi mission to the European Union has made great efforts over recent months to reach a framework agreement between Iraq and the European Investment Bank, which lays the legal foundations necessary for the latter to finance some public and private sector projects in Iraq. 
 
The efforts of the Embassy of the Republic of Iraq in Brussels have culminated recently in reaching a draft agreement sent by the embassy, and through official channels to the relevant Iraqi authorities, for the purpose of studying it and making observations on it in preparation for obtaining the fundamental approvals to sign it between the Iraqi and European sides.
 
 
A framework agreement
 
He explained in the speech of Iraq, during the hypothetical event organized by the European Investment Bank with the Head of the Asia Department, Mr. Edwards Pomistinas, and the concerned officials in the draft agreement in the European Investment Bank, with the head of the negotiating delegation of the Republic of Iraq on concluding a framework agreement with the European Investment Bank. 
 
Al-Rikabi pointed out in his speech that many countries of the world need more investment than ever before, in a world torn apart by conflict, divided by hate speech, threatened by the spread of epidemics and diseases, and by the forces of evil and extremism robbed of its security and peace.
 
 
European Union
 
Al-Rikabi expressed his happiness with the European Investment Bank's participation in providing support to partner countries in various fields, especially since Iraq is the most prominent partner of the European Union and is now in the reconstruction phase, and that the European Investment Bank, as one of the main tools of the European Union to support partner countries, is fully prepared to provide all Possible assistance to Iraq. " 
Ambassador Al-Rikabi said in an interview with Al-Sabah that "the European Investment Bank is a non-profit bank established by the member states of the Union, with the aim of providing the necessary capital to finance important investment projects inside and outside the Union countries in various sectors."
 
 
Financial capabilities
 

With regard to Iraq and its relationship with the European Union and its institutions, Iraq has a cooperation and partnership agreement concluded with the European Union that included many provisions related to activating political and economic cooperation between the two sides and that putting these provisions into effect requires the existence of a legal framework that organizes the foundations, tools and mechanisms necessary for this, and that the agreement

The discussion is one of those important tools that will contribute to activating economic and investment cooperation between the two sides and benefit from the expertise and financial and technical capabilities of the European side in the banking, financial and investment field, and that there is an urgent need to sign an agreement with the European Investment Bank, for the purpose of providing the necessary legal basis for the bank’s practice.


European direct investment, through financing or lending to public and private sector projects or indirect, through investment in the Iraqi stock market.

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Consensus to move towards creating an attractive environment for money and technology

Tuesday 06 April 2021

alsabaah-72873.jpg

 

Baghdad: Hussein Thahab, the
visit of Prime Minister Mustafa Al-Kazemi to the United Arab Emirates, reflected a great interaction with the openness of Iraq regionally and internationally, and serious desires to communicate with Iraq, as the UAE took the initiative to pump 3 billion dollars in investments into the Iraqi labor market.
Adviser to the Prime Minister, Dr. Hussein Allawi said in an interview with Al-Sabah that “the visit of Prime Minister Mustafa Al-Kazemi to the United Arab Emirates was important, and it worked to strengthen the bonds of the relationship and target the development discourse.
Iraq and infrastructure development. "
 
 
Community security
 
He pointed out that "the promising projects with Emirati companies in the energy, electricity, transportation and housing sector are strategic projects that the Iraqi government is working to strengthen, in order to provide job opportunities for young people in Iraq and improve the working environment of the Iraqi economy, especially since today we need technology and project management techniques," Here, we must develop the concept of community security to develop the societal environment incubating investment in the Iraqi provinces. "
 
 
Sealing relationships
 
Member of the Businessmen Union, Haitham Naim Al-Mayali, said in an interview with Al-Sabah that “consolidating the Iraqi regional and international relations represents an important and important step that requires employing it in a manner that achieves the highest benefit for the national economy, especially with the presence of international desires to communicate with Iraq, which has a renewed job market that accommodates Local, regional and international efforts. "
Al-Mayali added, "The initiative of the United Arab Emirates to pump $ 3 billion into the Iraqi labor market represents a first step that reflects the international desire to be present in Iraq and invest the money, and here we must work towards creating an attractive work environment for investments and support for the development of the national economy."
He pointed out that "the next stage must be different and efforts should be directed towards supporting local and international investments."
 
 
Emirati convergence
 
The editor-in-chief of the Emirati Rum News website Khaled Mohammed said in a press interview: "There is an evolution in relations between the UAE and Iraq, and the visit of Prime Minister Mustafa Al-Kazemi to the Emirates, to confirm the extent of the UAE-Gulf rapprochement with Iraq, as we can indicate that by agreement to open a direct airline.
With Abu Dhabi, starting next month, and supporting the investment sector with 3 billion dollars, and this means strengthening Iraqi cooperation with its Arab surroundings, "pointing out" the importance of finding in Iraq an investment environment that attracts various investments. "

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Honest: If the government does not consider the exchange rate any more, we will be the first to speak out

 
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20:20 - 04/05/2021
 
 

The Sadikoun bloc confirmed, on Monday, that it will be at the forefront of confronting government measures in case the exchange rates are no longer considered.

"We call on the government to reconsider the exchange rates of the dollar in the local market, as it caused the disclosure of the obscene price tag and the exhaustion of the citizens," said a member of the bloc, Muhammad al-Baldawi, in a statement to the agency.

He added, "We also ask the government to work and control the prices of the main materials that affect the life of the Iraqi citizen, especially as it witnessed a significant increase during the previous period, otherwise we will be at the forefront of confronting its future measures."

He pointed out that "the Sadikoun bloc and the Al-Fateh Alliance hold the government responsible for the deterioration of the economic conditions in the country and the negative impact of the citizens' lives by its decisions."

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