More Iraqi News Highlights Late Thursday Evening 11-17-22
Tlm724 Administrator Bondlady’s Corner
Iraq Increases Its Holdings Of Us Bonds By More Than One Billion And 250 Million Dollars Over The Past Month
On November 17, 2022 The US Treasury Department announced on Thursday that Iraq increased its holdings of US bonds to more than one billion and 250 million dollars during last September.
The Treasury said in its latest schedule received by The Independent, that “Iraq’s possession of US Treasury bonds for the month of September of 2022 increased by 1.275 billion dollars to reach 36.905 billion dollars, up from 35.630 billion dollars last August,” indicating that “these bonds increased by 51.35% over the same month of last year 2021 when Iraq’s possession of bonds amounted to 18 billion dollars.
She added that ”Iraqi bonds include long-term guarantees of 25.346 billion dollars and short-term guarantees of 11.559 billion dollars,“ noting that ”these bonds represent 0.49% of the world’s bonds”.
In the Arab world, Saudi Arabia is at the forefront of the most possessing countries, with 120.997 billion dollars,
Kuwait comes second with 49.923 billion dollars, the
UAE comes third with 48.259 billion dollars, then Iraq fourth,
Oman fifth with 7.044 billion dollars, then Morocco with 3.739 billion dollars.
She pointed out that “the most countries holding US bonds are
Japan with 1.120.184 trillion dollars, followed by
China with 933.579 billion dollars, followed by the
United Kingdom with 663.287 billion dollars, and then
Belgium comes with 325.085 billion dollars”.
Select Their Locations.. The Framework Cuts Off Hopes For The Return Of Smuggled Iraqi Funds
1,674 economy 2022/11/17 19:57 Baghdad today-Baghdad The leader of the coordination framework Jamal Hassan, on Thursday, the impossibility of returning Iraqi funds smuggled abroad, indicating that
those funds, estimated at tens of billions of dollars, entered the economies of countries smuggled to them and cannot be recovered. Hassan said in an interview with (Baghdad today), that
“there is no exact figure on the size of the looted Iraqi funds that fled abroad after 2003,
but it amounts to tens of billions of dollars,” considering that “what happened is piracy involved many and the affected is the people in all its spectrum.
He added that “the money went to the banks and economies of several countries through which factories were built and partnership in the housing sectors and other things,” pointing out that
“talking about the possibility of recovering those funds is unrealistic and this matter should be openly addressed to public opinion because the corrupt are not stupid and have taken a series of measures to complicate any attempt in this direction,
in addition to the fact that there are countries benefiting from those huge funds that revived investments in vital sectors within them.
He pointed out that “putting forward the file of recovering those funds every time is for media consumption and
there has been no movement in this direction, although it has been put forward for 15 consecutive years,” pointing out that
“money piracy can be stopped by a real fight against the loopholes that lead to the looting of Iraq’s funds, otherwise nothing will happen.
Specialists and international institutions estimate the money smuggled from Iraq since 2003 at about 350 billion dollars, which is equivalent to Iraq’s budgets for 4 years.
Parliamentary Oil: The Oil And Gas Law Has Not Been Canceled, But Postponed For This Reason
November 17, 2022 Journal(JNA) A member of the Parliamentary Legal Committee, Dargham al-Maliki, on Thursday, postponed the introduction of the oil and gas law, not canceling it.
“The prime minister’s decision to postpone the introduction of the oil and gas law came, among other things, to give an opportunity to the political parties to understand each other,” Maliki said.
“As well as the understanding of the Kurdish forces and the resolution of differences between them and the understanding of the Arab and Kurdish forces on the other hand,” he added.
“The law has not been canceled, but it has been postponed and may be put forward in the next legislative chapter,” Maliki said. https://www.aljournal.com/النفط-النيابية-قانون-النفط-والغاز-لم-ي/
The Law On The Monopoly Of Posts For Many Years: Not A Queue And They Must Be Changed
Information / private.. The leader of the state of Law Coalition, Ibrahim al-sakini, on Thursday, considered the first steps of reform to be the removal of managers who have been in office for more than ten years, adding that
it is not a “Tabu” for anyone and renewal is required for work.
Al-sakini said in an interview with Al-Malouma that “the first steps of reform are being taken by Prime Minister Mohammed Shiaa al-Sudani through the dismissal of dozens of figures of positions that have been held for more than ten years in office,” pointing out that
“honest experience undoubtedly remains in order to ensure work on providing service to citizens.
He continued, “the goal of the change in positions is not to repeat the mistakes and violations that occurred in the previous caretaker government,” pointing out that
“state institutions, departments and ministries need a revolution in changing positions at the level of their senior positions.
He added that “the position is not a” Tabu” for anyone, and renewal is required from time to time in order to work honestly and diversify experiences,” noting that
“Iraq now lacks the combination of experience and youth energies that are waiting for an opportunity in state institutions.
According to political analyst Haider Arab al-Mousawi,
“the changes brought about by Prime Minister Mohammed al-Sudani, some positions are intended to combat corruption and bring competent personalities to manage the country and its institutions
Economic Warnings Of An Increase In The Number Of Employees .. High Oil Prices Will Not Last
Information / Baghdad…Economist Dr. Nasser al-Kinani warned of increasing the number of employees through the launch of jobs,
pointing out the importance of moving towards the private sector to absorb the number of unemployed and graduates.
“Despite the large financial abundance, Iraq will not be a permanent supporter of the country’s budget,
especially since the current circumstances will not continue to be the case, as
the financial balance reached by Iraq came as a result of the Russian-Ukrainian war,”al-Kinani told Al-Malouma.
“The settlement of the situation and the end of this war will return oil prices to their previous status, which may harm Iraq, especially if the current oil prices are relied on to launch job grades,” he added.
He pointed out that “the world has a trend towards alternative energy, which is not in the interest of Iraq, which depends on oil sales, and
therefore that increasing the number of employees and increasing their salaries will make the country in trouble in the long term, as
the budget will be burdensome, which necessitates turning to the private sector to absorb the number of unemployed https://almaalomah.me/news/economy/تحذيرات-اقتصادية-من-زيادة-عدد-الموظفين-ارتفاع-اسعار-النفط-لن
“Green Crescent”.. Another Forgotten Iraqi Wealth And Calls For Its Revival Again
Information / Diyala.. A member of the Union of Agricultural Engineers, Mohammed Jabbar, called on Thursday to revive the Green Crescent in the far east of Diyala province.
“Fertile agricultural lands stretch along the Iraqi – Iranian border strip and deviate towards the baldruz and qazaniya desert, forming more than 300 thousand dunums, which are similar to the Green Crescent, have not been exploited for decades for various reasons, most notably the large number of Mines dating back to the Eighties war and the lack of water,” Jabbar said in an interview with Al-maalouma.
“The construction of a dam in the tralsaq area east of qazaniya to restrict flood waters will create a strategic reservoir capable of reviving the Green Crescent, which represents a special wealth with the fertility of lands in providing a lot of agricultural crops not in Diyala but in neighboring provinces,” he added.
“The trilsaq dam, if implemented, will be the beginning of the creation of sprawling agricultural areas and the end of the drought crisis in the entire eastern province of Diyala,” Jabbar noted.
The areas of eastern Diyala have very fertile lands, but several factors hinder their exploitation, especially the large number of Mines and the scarcity of water in the summer seasons, although it suffers from seasonal floods https://almaalomah.me/news/economy/الهلال-الاخضر-ثروة-عراقية-اخرى-طي-النسيان-ودعوات-لأحيائها-من
Economist Calls For The Introduction Of Modern Technologies In State Institutions.. Will Reduce Inflation
Information/private.. Economist Safwan Qusay called on Thursday for the introduction of modern technologies in ministries and government institutions in order to increase work and reduce the inflation of employees in the public sector.
“The new government should introduce modern and advanced technologies in all institutions, ministries and state departments in order to ensure an increase in production and reduce the costs of workers in the government sector,” Qusay said in an interview with Al-Malouma.
He added that “continuing to bet on the ability of oil revenues to finance employees’ salaries is wrong, “stressing that
“a relationship must be created between financing projects of an investment nature that develop the private sector and modern technologies.
He added that “there is no alternative to continuing pressure on the government sector in job grades other than supporting the private sector and introducing modern technologies,” pointing out that
“this will reduce dependence on oil imports to finance the salaries of employees, whose numbers have exceeded twice the employees of some major countries.
According to observers, overloading the general budget with 800 thousand new jobs in the general budget is a big risk, as well as the government is required to provide job opportunities in the private sector through the investment budget. https://almaalomah.me/news/economy/اقتصادي-يدعو-لإدخال-التقنيات-الحديث-في-مؤسسات-الدولة-ستقلل-م
Taif Sami, The Treasury Watchdog, Talks About Fundamental Reforms That Will Begin Soon In Financial Institutions
Politics , 2022/11/17 09:48, number of readings: 216 Baghdad-Iraq today: Finance Minister Taif Sami stressed that the government is determined to proceed with a package of economic reforms,
appreciating the role played by the World Bank in supporting the reform directions implemented by the new government.
The Ministry of Finance said in a statement that
“Minister of Finance Taif Sami received, today, at the ministry’s headquarters, the regional director of the World Bank for the Middle East John Kristof and his accompanying delegation,” indicating that
“during the meeting, mechanisms were discussed to strengthen cooperation and bilateral partnership between the two sides in various fields,
in line with the vision of the Iraqi government aimed at benefiting from all forms of international support necessary to support development and strategic projects in Iraq.
Sami praised “the role played by the World Bank in supporting the reform directions implemented by the new government,” noting that
“the government is determined to proceed with a package of fundamental reforms in order to provide the requirements for a balanced economic renaissance in the country.
For his part, John Kristof expressed his appreciation for
“the efforts of the Iraqi government in the field of economic reform and its ability to implement it despite the difficult challenges,”
praising “Iraqi efforts in the field of achieving regional economic integration in partnership with the rest of the region, which ultimately is in favor of strengthening the pillars of the national economy and its prosperity. https://iraqtoday.com/news/67552/طيف-سامي-حارسة-الخزائن-تتحدث-عن-إصلاحات-جوهرية-ستبدأ-قريبا-في-المؤسسات-المالية
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