TLM724 Administrator BondLady’s Corner
An organization calls on the US administration to expedite the complete US withdrawal from Iraq
Press release Posted On 2021-08-22 By Sotaliraq The Organization for Justice and Development for Studies called on the US administration, US President Biden and the Pentagon to expedite the complete withdrawal of US forces from Iraq, similar to Afghanistan
The official spokesman for the organization, Zaidan Al-Qani, stressed that Iraq does not need the presence of US forces. The Iraqi security forces and the Iraqi armed forces succeeded in eliminating terrorism and the Islamic State in Iraq, and there is no presence of Al-Qaeda in Iraq, which requires a complete withdrawal of all US forces from Iraqi territory.
The organization said that the right decision that the US administration should take is to expedite the withdrawal of all US forces from Iraq before the end of the current year 2021 and leave the Iraqis to decide their fate on their own, as Iraq does not need the presence of US or coalition forces
Also, the non-withdrawal of US forces from Iraq may expose it to several risks LINK
A New System Of Trade Exchange Between Iraq And Jordan Enters Into Force
Trebil border port with Jordan — Money and business Economy News – Baghdad On Sunday, the Kingdom of Jordan announced the resumption of trade exchange between it and Iraq, using the “door to door” system, allowing those who wish to continue exporting through the exchange yards at the borders.
The head of the Jordan and Amman Chambers of Industry, Fathi Al-Jaghbir, said, in statements followed by “Al-Iqtisad News”, that “the decision will contribute to reducing the cost of shipping to Iraq, and thus enhance the competitiveness of Jordanian products in the Iraqi market, and hopes that this decision will positively affect Jordanian exports.”
He added that “the previous method, by unloading the products of Jordanian trucks into Iraqi trucks at the borders, was causing a time delay and increasing the costs of loading and unloading these factories and trucks, and some sensitive goods might be damaged during unloading.”
Jaghbir explained that “the meaning of the “door to door” system is to load the goods from the factory land to the merchant in the other country, which increases exports and trade exchange.
He added that “a Jordanian industrial delegation from various local industries will visit Iraq at the end of this month.”
The “door to door” system allows the Iraqi truck to enter the Jordanian territory, and the Jordanian truck to enter the Iraqi territory, while the “back to back” system allows the Jordanian and Iraqi truck to enter a yard on the border between the two countries designated for trade exchange, after which the goods are transferred between the trucks in those Arena.
The Karama/Trebil border crossing, which links Jordan with Iraq, was reopened in 2017.
Jordanian exports to Iraq before the Corona crisis in 2019 amounted to about 466 million dinars, while imports from Iraq amounted to 1.6 million dinars, as the trade balance (the difference between the value of imports and exports) was in favor of Jordan by 464.4 million dinars.
Jaghbir added that “Jordan is more interested in Iraq than Syria in economic terms, and we may differ in dealing with the procedures with the Syrian side, as the plan is to set work lists with them, since the competition with Syria is negative.” Views 291 Date Added 08/22/2021 https://economy-news.net/content.php?id=26070
A Decrease In The Central Bank Of Iraq’s Dollar Sales
Economy Sunday, August 22, 2021 | 02:03 PM| Number of readings: 136
US dollar sales fell to the Central Bank of Iraq, on Sunday, to reach $240 million .
A source stated that the Central Bank witnessed, during its auction for buying and selling US dollars, a decrease in its sales by 3.23% to reach 240 million and 637 thousand and 55 dollars, compared to last Wednesday, when its sales amounted to 248 million and 425 thousand and 846 dollars .
And he indicated that the purchases amounting to 193 million and 727 thousand and 55 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 46 million and 910 thousand dollars went in cash .
He pointed out that 38 banks fulfilled requests to enhance balances abroad, and 17 banks to meet cash requests, in addition to the participation of 18 exchange companies.
Dollar Exchange Rates For Today
Local Currencies Market Economy News – Baghdad The exchange rates of the dollar against the Iraqi dinar continue to be stable in the local markets for a week.
And the selling prices of the dollar recorded today, Sunday, 148.250 dinars per 100 dollars, while the purchase prices of the dollar recorded 147.750 dinars per 100 dollars.
Views 182 Date Added 08/22/2021 https://economy-news.net/content.php?id=26074
Japanese Foreign Minister: We Support The White Paper Programs
President Barham Salih (right) and Japanese Foreign Minister Toshimitsu Motegi
Money and business Economy News – Baghdad
Japanese Foreign Minister Toshimitsu Motegi expressed Japan’s support for the government’s economic reform program represented by the White Paper programs, and reiterated Japan’s readiness to support the implementation of the White Paper, through the Economic Interaction Group formed in late 2020.
And he stressed, “His country is continuing to provide aid and cooperation programs with Iraq in the field of combating terrorism, combating extremism, and confronting the Corona pandemic.”
A presidential statement stated, “President Barham Salih received at the Peace Palace in Baghdad, Japanese Foreign Minister Toshimitsu Motegi, and during the meeting, they discussed friendship and joint cooperation between the two countries dating back decades, and affirmed the common will towards strengthening relations in various economic and trade fields.” and industrial, and the role of Japanese companies in the reconstruction of Iraq and the transfer of technological expertise to Iraq, praising the types of support provided by Japan to the Iraqi people, as well as discussing a number of regional and international files of common interest.
Saleh stressed, according to the statement, that “there is a joint international and regional responsibility to protect security and stability, defuse crises in the region and reduce their tensions through serious and effective dialogue that takes into account the immediate challenges on the regional and international arenas, foremost of which is the fight against terrorism and extremist ideology, and cooperation in combating administrative and financial corruption.” health fields, environmental protection and confronting the climate change crisis.
For his part, Prime Minister Mustafa Al-Kazemi discussed, with the Japanese Foreign Minister, ways to strengthen bilateral cooperation, intensify economic exchange, and joint coordination between the two countries.
Al-Kazemi stressed, in a statement to his office, “the importance of the Japanese experience from an Iraqi perspective, and the relentless pursuit to benefit from it,” stressing that “the Iraqi arena has become open to Japanese investments in various fields, especially the fields of energy, oil, electricity, and alternative and renewable energies.”
He expressed his “appreciation for the role played by Japan on regional issues”, praising “the projects financed by Japan, in the areas liberated from terrorist gangs of ISIS through the path of establishing security and sustainable development in them.”
And he reiterated his “invitation to Japan to attend, as an observer, in the Baghdad Conference for Cooperation and Partnership, which Iraq will host at the end of this month.”
For his part, the Japanese Foreign Minister praised “the Iraqi initiatives, which received a positive response at the regional and international levels, and considered them one of the pillars of consolidating security and stability in the region, and efforts to calm it down.”
Meanwhile, Foreign Minister Fouad Hussein reviewed, with his Japanese counterpart, the progress of bilateral relations between the two countries, and ways to advance them to meet the aspirations of the two friendly countries.
Hussein called, in a statement to the Ministry of Foreign Affairs, “the Japanese side to increase the volume of trade exchange between the two countries, hold the meetings of the Iraqi-Japanese Joint Committee, open more prospects for joint cooperation, and urge Japanese companies to invest in Iraq, noting that the Iraqi market is a fertile market, and the product The Japanese are respected by the Iraqi citizen.” Views 88 Date Added 08/22/2021 https://economy-news.net/content.php?id=26069
Revealing The Outcome Of The Iraqi-Kuwaiti Talks
Political | 05:24 – 08/22/2021 Baghdad – Mawazine News The Kuwaiti Emiri Diwan revealed, on Sunday, the results of the round of talks between the Iraqi and Kuwaiti delegations.
A statement by the Diwan, carried by the Kuwait News Agency, stated, “Sabah Khaled Al-Hamad Al-Sabah, Prime Minister, held today, at Bayan Palace, a session of official talks with the Prime Minister of the Republic of Iraq, Mustafa Al-Kazemi.”
The statement added, “The session of talks in a cordial atmosphere, during which they reviewed the strong bilateral relations between the two countries and ways to strengthen them in various fields to serve the interests of the two brotherly countries and peoples. The two sides also discussed the latest developments and regional, Arab and international issues of common interest and the two countries’ positions towards them.”
He continued by saying: “The talks were attended on the Kuwaiti side by Minister of Oil and Minister of Higher Education Muhammad Abdul Latif Al-Faris, Minister of Foreign Affairs and Minister of State for Cabinet Affairs Ahmad Nasser Al-Mohammed Al-Sabah, Minister of Public Works and Minister of State for Communications and Information Technology Rana Abdullah Al-Faris, Minister of Interior and head of the accompanying delegation of honor Thamer Ali Sabah Al-Salem Al-Sabah, Minister of Finance and Minister of State for Economic Affairs and Investment Khalifa Musaed Hamada, Minister of Commerce and Industry Abdullah Issa Al-Salman, Chief of the Diwan of His Highness the Prime Minister Abdulaziz Dakhil Al-Dakhil, Chief of the General Staff of the Army Lieutenant-General Sheikh Khaled Saleh Al-Sabah and senior state officials, attended by the Iraqi delegation accompanying the President Council of Ministers of the Republic of Iraq.
The Prime Minister, Sabah Khaled Al-Hamad Al-Sabah, hosted an official lunch in honor of the Prime Minister of the Republic of Iraq, Mustafa Al-Kazemi and his accompanying delegation.
Oil Prices Witness The Largest Weekly Loss In More Than Nine Months
Saturday 21 August 2021 10:00 | Economic Number of readings: 479 Baghdad / NINA / – Oil prices recorded the largest weekly loss in more than nine months, as they fell in their last session before closing, as Basra crude fell to more than 8.5% in a week.
Basra crude fell 95 cents, a change of 1.41%, to reach $66.23.
Saudi Arabian crude also witnessed a decline of 0.86% to reach $67.77, and Kuwaiti crude decreased by 4.33% to reach $67.47.
Brent crude fell 8% during the week, to record $65.18 a barrel, the lowest level since April.
And the US West Texas Intermediate crude for September delivery was settled down $1.37, or 2.2%, to $62.32 a barrel, to lose more than 9% during the week. https://ninanews.com/Website/News/Details?key=922534
Announcing A Package Of Tourism, Cultural And Environmental Projects In The Marshes
Local news Sunday, August 22, 2021 | 10:31 AM| Number of readings: 95
On Sunday, the Ministry of Water Resources announced a package of tourism, cultural and environmental projects to be implemented in cooperation with several ministries to preserve the nature of the marshes and develop them at all levels, with the aim of making them an important tourist destination in the country .
Director of the Marshlands and Wetlands Revitalization Center at the ministry, Samira Abdel Shabeeb, said that “there is a project to establish a resort with a large tourist hotel with modern specifications that will be implemented soon in the marshes of Maysan through donations from the Hunting Club,” usually the project “a turning point to attract investors to establish similar projects in the region .”
She revealed “the existence of tourism programs in the marshes, such as the construction of a marina for boats, and cultural centers that include a theater, training halls, and holding seminars and community meetings, but the lack of liquidity stopped their implementation, with the establishment of tourist villages adopted by the Ministry of Culture, with the aim of reviving the tourism sector in them .”
Al-Shabib pointed to “the ministry’s success in allocating funds for the implementation of some projects, such as the establishment of a monitoring station, and the management of the Al-Jbayish and Al-Hawizeh sites, in addition to the establishment of resting sites for visitors and expatriates from outside Iraq, with the existence of other similar projects in all areas of the marshes within its governorates.”
A Government Advisor Talks About Alternative Energy In Iraq
Economie| 09:11 – 08/22/2021 Baghdad – Mawazine News The economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Sunday, that it is time for Iraq to enter into the aspect of producing alternative or clean energy, which is solar energy, especially since we are a solar country, and this in itself is a gift from God that must be invested, indicating that the government’s orientation in this direction and we may notice results over the next five years.
Saleh said, according to the official newspaper, “We are a hot country in the summer, and turning to alternative energy to generate electricity is an important matter and reduces pressure on the national grid, and the world today cares about this issue, and Iraq also entered this field strongly because of the problems of providing electrical energy, especially in The summer, in which electricity consumption doubles dramatically, and I think that this energy produced by the sun will run in a parallel line with the energy of electricity by fuel and gas.”
He added: “In the past, the interest in energy produced by fuel, but today there is a correct orientation towards clean energy, which is solar, and there is a tendency to support and support its technology
, and in the next five years it will take a large space in the industry in Iraq, and it will be parallel and solve many problems,” noting “Iraq’s contract With a French company to generate a large amount of energy up to 10 thousand megawatts of solar energy.
He continued: “Using this approach in villages and rural areas is important because solar energy cells can be applied to one house, and thus electricity can be provided to them individually, and working towards spreading the use of solar energy is very important, especially since there are devices that work on that energy and today there is Factories with which solar energy systems are established.
And Saleh stated that ” There are two approaches to this side; The first approach is through the private sector, and there is a second orientation, which is the energy policy and the provision of alternative energy.”
Noting that “the energy policy in Iraq has fundamentally changed and clean energy will take a level equivalent to the energy produced by fuel, and these things are not easy and must be investment and take time, and it is possible to glimpse its final results between three to five years to come,” stressing that “this trend reduces The burden is on the state.” https://www.mawazin.net/Details.aspx?jimare=164662