Bondlady’s Corner

Iraqi News Highlights Saturday Evening 3-11-23

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Al-Hashemi: The Establishment Of The Market Council Is An Important And Bold Step

Iraqi Council of Ministers  Money and business  Economy News – Baghdad The economist, Ziyad Al-Hashemi, described the establishment of the government by establishing the Market Council as an important and bold step.  Al-Hashemi said that the Iraqi government is finally establishing a market council that includes members of the government and businessmen to support the private sector.

He added that the government is also establishing a development financing fund to support investment, employment and production in the private sector.

He pointed out that the council is in coordination with the government to raise the private sector’s contribution to the gross domestic product, so that it reaches 53-55% within ten years.

He noted that it is an important and bold step (if actually achieved) that will help develop non-oil sectors and diversify sources of work and income.

The appearance of Muhammad Salih, the financial advisor to the Prime Minister, Muhammad Shia’a al-Sudani, revealed the details of the government’s approach to supporting the private sector.

Saleh said, “The current approach of the government has not deviated from consolidating the issue of proceeding with the national strategy for the private sector, which was approved years ago by the Council of Ministers.”

Saleh added, “On the basis of which a specialized council was established in the Ministry of Planning, which included members from the private sector, and is concerned with the policies of state support for the private sector, which is what I personally call the (market council).”

He explained, “The council is currently coordinating with the government to raise the private sector’s contribution to the gross domestic product, from less than 37% currently, to become in the next decade about 53-55% in the composition of the gross domestic product of Iraq.”

And the financial advisor continued, “Based on the foregoing, the government curriculum included, in an explicit reference, the establishment of a number of (government development financing funds) directed at employment, investment and production in the private sector.”

Within A Week.. The Average Iraqi Oil Exports To America Decreased

Economy| 09:51 – 11/03/2023   Follow-up – Balance News  The US Energy Information Administration reported, on Saturday, that Iraq’s oil exports to America amounted to an average of 265,000 barrels per day last week, down from the previous week, when oil exports to America amounted to an average of 290,000 barrels per day.

The administration added, in a report, that “most of America’s oil revenues during the past week came from Canada, with an average of 3.780 million barrels per day, followed by Mexico, with an average of 556,000 barrels per day, and oil revenues from Saudi Arabia amounted to an average of 476.”

The administration indicated that “the amount of US imports of crude oil from Colombia amounted to an average of 222 thousand barrels per day, and from Brazil an average of 71 thousand barrels per day, and from Ecuador an average of 55 thousand barrels per day, while it did not import any quantity from Russia or Libya.”

Judge Hannoun: The Efforts Of The Regulatory Agencies And The Private Sector Must Be Combined To Eradicate The Scourge Of Corruption

Saturday 11 March 2023 11:28 | political Number of readings: 334   Baghdad / NINA / – The Federal Integrity Commission, in cooperation with the Iraqi Economic Council, held a workshop entitled (Strengthening cooperation between oversight agencies and the private sector in the field of combating corruption), at the headquarters of the Iraqi Anti-Corruption Academy, in the presence of the head of the Parliamentary Integrity Committee, the president and vice president of the commission, and a number of General managers therein, and a group of representatives of the private sector.

During the workshop, the head of the Federal Integrity Commission, Judge Haider Hanoun, stressed the importance of the private sector in reducing poverty and unemployment rates in the country, promising it the strong backing of the state in overcoming the crises that may befall it.

He pointed out: “The inclusion in the Sudanese government’s ministerial curriculum of the paragraph on combating corruption and poverty allowed the private sector to contribute to that,” stressing: “Supporting the work of state institutions is a sacred national duty.”

Hanoun called on the representatives of the private sector to develop the performance of this sector. By absorbing labor that the public sector cannot employ, preserving the dignity of workers and granting guarantees to them such as retirement and compensation in the event of physical harm, stressing the need for the private sector to present itself as a competitor to the public sector by providing high-quality products, warning of weak-minded people who collude with some public sector employees To pass corruption deals and discredit the private sector.

He urged reporting on cases of bargaining and extortion to which they are exposed, pointing out: “Contractors and investors resorting to the Integrity Commission and providing evidence that supports the Integrity Commission’s investigations represents a guarantee to undermine the pillars of corruption in this sector on the one hand, and to enable the Iraqi judiciary to issue deterrent decisions against them.”

For his part, the head of the Parliamentary Integrity Committee (Ziyad Al-Janabi) stressed the need for concerted efforts by all state institutions, oversight agencies and the private sector to reduce corruption paths and prosecute its perpetrators, stressing his strong support for the Integrity Commission through several effective measures, including contributing to amending its law in force and completing the legal system that addresses it. ./End9

A Member Of Parliamentary Finance Confirms To / Nina /: There Is No Specific Date For The Arrival Of The Budget To Parliament

Saturday 11 March 2023 10:06 | Economical Number of readings: 798  Baghdad / NINA / – A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed that there is no specific date for the budget to reach Parliament for approval.

Cougar said in a statement to the National Iraqi News Agency / NINA /: “There is no communication between the Finance Committee and the government regarding the state’s general budget law for the year 2023,” pointing out: “The Finance Committee and Parliament do not interfere in issuing new laws, which are within the jurisdiction of the government.”

He added, “The Finance Committee did not receive a new salary scale law for employees, as well as amending the Pensioners Law,” indicating that there is talk about studying the two laws in the government.

He explained: “The approval of the budget law in Parliament will take a long time if it is controversial, and a short time if it is not, and in all cases it needs about a month to approve it after it reaches Parliament.”/ End 9


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