TLM724 Administrator BondLady’s Corner
Parliamentary Finance: An Upcoming Hosting Of The Minister Of Finance To Discuss The File Of The Contractors’ Confirmation
Political Monday 23 August 2021 | 11:24 am| Number of readings: 158 The Finance Committee in the House of Representatives revealed, on Monday, the upcoming hosting of Finance Minister Ali Allawi, to discuss the file of the contractors’ installation .
And the Iraqi News Agency, a member of the committee, MP Muhammad Al-Shabki, said that “several meetings were held and expected to be hosted by the Minister of Finance by the committee to discuss the file to install the contractors whose instructions are stipulated in the general budget law for the year 2021. ”
He pointed out that “the installation of contractors is a government affair after the inclusion of a paragraph in the budget law who has served more than five years after providing financial allocations .”
He pointed out that “there is a mismatch in the numbers between the ministries in terms of presenting a table that counts the number of their workforce, to be approved by the Ministry of Finance, and to play its role in counting the actual need and the conditions to be met in the appointment,” noting that “the routine caused a delay.” implementation of budget items .
Al-Shabki continued, “The Finance Committee will follow up and activate the file of the contractors’ confirmation and host the concerned party in implementing the included paragraph related to this file.”
Calls To Diversify Resources And Achieve Investment Partnerships
Monday 23 August 2021 61 Baghdad: Haider Falih Al-Rubaie
Industrial development and investment consultant, Amer Issa Al-Jawahiri, recommended the need to strive to transform state-owned industrial enterprises into profitable enterprises, and to involve the private sector in managing the wheel of national industry, stressing that this would diversify the state’s financial resources.
Al-Jawahiri’s calls came in response to the proposed “solutions” presented by Mazen Al-Faili, a member of the Parliamentary Economic Committee, to advance the industrial sector, during which he stressed that “restoring life to the stalled factories does not require much efforts and money, as they stand on their own.”
Al-Faili pointed out, during a statement he made to the Iraqi News Agency (INA), that “factories need to modernize their production lines and introduce technicians to training courses on new machines, with government measures to support the national product by preventing the import of locally produced goods, and obligating state ministries to purchase The local product.
Diversification Of The Economy
For his part, Al-Jawahiri stressed in an interview with “Al-Sabah” the need to “strive to diversify the economy, by supporting all its productive sectors, public, private and mixed, indicating that the country is suffering from a major and continuous economic deterioration due to the continued dependence on oil imports, and as a result of the absence of a real will for development. industrial ».
In order to revive the industrial reality in the country, Al-Jawahiri sees the importance of supporting the industrial private sector and facilitating its needs, stressing at the same time that the Iraqi industry cannot flourish without activating the “Product Protection” law and working to create harmony between the public and private sectors to address obstacles. and challenges, which it faces, and to take and implement decisions to address them.
Sharing And Investing
Earlier, the Ministry of Industry revealed that there are great efforts to enter into investment partnerships with the private sector. The official spokesman for the Ministry of Industry, Mortada Al-Safi, told Al-Sabah that “all the public sector factories affiliated with the ministry are moving towards participation and investment with the local private sector, or Arab and international companies, pointing out that this trend comes within a broad plan set by the Minister of Industry with the aim of Moving the production wheel, and meeting the requirements of the local market, by entering into investment partnerships. LINK
Global Oil Price Hike
Economie| 09:22 – 23/08/2021 Follow – Mawazine News Oil prices rose, on Monday, amid a broader recovery in the market after capping the longest streak of declines in more than three years due to economic pressures from the return of Covid-19 and the strength of the dollar.
Brent crude futures rose $1.18, or 1.82%, to $66.93 a barrel by 05:10 GMT, after hitting their lowest level since May 21 at $64.60 earlier in the session.
US West Texas Intermediate (WTI) crude futures for October rose $1.12, or 1.80%, to $63.27 a barrel, rebounding from $61.74 a barrel, the lowest since May 21, touched in early Asian trade.
Both benchmarks recorded their biggest week of losses in more than nine months last week as Brent fell about 8% and WTI fell about 9%, as markets braced for weaker fuel demand worldwide due to the increasing pandemic.
Many countries around the world are responding to the high rate of coronavirus infection, caused by the delta variant, by adding travel restrictions to limit the spread.
And China, the largest importer of crude oil in the world, imposed restrictions with a zero-tolerance policy with the Corona virus, which made it able to control it, as some local areas in it do not record any infection with the virus.
The rise of the US dollar to its highest levels in more than nine months against the major currencies has also affected oil prices, as oil prices move inversely to the US currency, making oil more expensive for foreign buyers when the dollar rises. https://www.mawazin.net/Details.aspx?jimare=164763
Issue (4644) Of The Iraqi Gazette Issued On 8/10/2021
1- Law No. (22) of 2021 joining the Republic of Iraq to the International Convention for the Safety of Containers for the year 1972 (CSC).
2- Instructions No. (1) for the year 2021, the first amendment to the instructions for the divisions and tasks of the Minors’ Care Department No. (1) for the year 2013.
3- The decision to establish the Health Insurance Fund of the Popular Mobilization Organization No. (1) for the year 2021.
Those wishing to acquire a copy of the Iraqi facts can refer to the Iraqi facts department located in Salhiya / Haifa Street (Ministry of Justice Building), and obtain the required number. https://www.moj.gov.iq/view.5821/