More Iraqi News Saturday Afternoon 2-26-22
TLM724 Administrator BondLady’s Corner
Mazhar Muhammad Salih To / NINA /: The Developments In Ukraine Are Entering The World With Comprehensive Concern About The Grain Markets
Thursday 24 , February 2022 14:30 | economic Number of readings: 461 Baghdad / NINA / – The economic expert and advisor in the cabinet, Mazhar Muhammad Salih, confirmed: “The developments in Ukraine are entering the world with comprehensive concern, as it is the largest grain producer in the world.”
In a statement to the National Iraqi News Agency (NINA), he said: “The international situation of grain production in the world will cause everyone to be deeply concerned in light of the developments in the situation in Ukraine and their possible effects on the supply of grain through global markets.”
Saleh added: “In spite of this, every country calculates and protects its supplied food inputs by importing when needed through its traditional markets and processors, and
the success of the grain marketing season in the coming months and keenness on marketing paths in our country remains an additional reassurance factor to face the risks of fluctuation in the supply of grain in the markets.” and global outlets.
Today, Russia began a military operation inside Ukrainian territory, amid widespread international rejection. / End 3 https://ninanews.com/Website/News/Details?key=958850
Al-Kazemi’s Advisor: Iraq Will Witness A New Pattern Of Financial Discipline Of Expenditures
Political Yesterday, 12:18 Baghdad – conscious – Nassar al-Hajj The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that Iraq will witness another type of financial discipline in expenditures in order to achieve development.
Saleh said, in a statement to the Iraqi News Agency (INA), that “the general budget is not austere in its investment aspect related to accelerating growth and economic prosperity and reducing unemployment,” noting that “the funding will be ideally directed towards this aspect, as well as financing the productive private sector and motivating A market economy with investment trends that engage the work and maximize the added value in the national economy.
He explained that “the budget will remain more disciplined in operational spending, and work will be done to achieve the principles of the Financial Management Law in the issue of the sovereign fund that leads to the generation of national savings that support the budget in the future and national income, including surpluses that exceed the sustainability of current operating expenses, instead of expanding them and squandering resources in trends Consumerism squanders the country’s national wealth.”
And he added, “Iraq will witness another type of financial discipline in expenditures in order to achieve maximizing employment and development.”
The financial advisor stressed, “It is preferable that the general budget be approved, at least in such circumstances, before the first half of the year, in order to achieve the ideal time range for the exhaustion of the planned programs and projects during the fiscal year.”
He added that “time is subject to investment, and wasting it represents a waste of life and progress opportunities, accompanied by the payment of humanitarian and strategic costs that are difficult to recover.” https://www.ina.iq/149861–.html
Petroleum Products Tighten Control To Prevent Fuel Smuggling And Put Supervisors Inside The Stations
Sweetened Yesterday, 13:03 Baghdad – conscious – Amna Al-Salami Today, Saturday, the Oil Products Distribution Company determined the mechanism for distributing derivatives in the governorates, while indicating parties whose interests were struck behind fabricating the fuel crisis, stressing tightening control over fuel smugglers and placing supervisors inside filling stations.
The Director General of the Oil Products Distribution Company, Hussein Talib Abboud, said in a statement to the Iraqi News Agency (INA): “The company has tightened control over fuel smugglers, and supervisors have been placed inside government and civil mobilization stations, which made some parties whose interests were struck to fabricate a crisis to fuel the street.”, stressing “the provision of all kinds of oil derivatives, in addition to the presence of excellent strategic storage in the company’s warehouses.”
He pointed out that “the value of daily sales amounted to 30 million liters, while last year it amounted to 23 million liters, an average increase of 7 million,” explaining that “the increase in demand for oil derivatives came after the rise in international prices.”
He pointed out that “the mechanism for distributing oil derivatives in the governorates, as gas oil is governed by electronic control and within established quotas for each category of vehicles, while white oil is governed by a fuel card and a barcode in order to guarantee the citizen’s right through the fuel card he receives on the basis of the ration card.”
And he indicated that “the mechanism for distributing gasoline differs, as the northern governorates refuse a fuel card, while the governorate of Mosul is now within the framework of printing a fuel card, while the rest of the governorates receive a fuel card directly.” https://www.ina.iq/149867–.html
Economist: Iraq Will End The Debt File During The Next Two Years
Economic Last update 02/26/2022 | 9:21 am Information / Baghdad.. The economist, Furat Al-Tamimi, expected, on Saturday, that Iraq would announce the payment of all its debts during the next two years, indicating that the price of oil would reflect positively on the economic situation after the end of the Kuwaiti debt file and exit from Chapter VII.
Al-Tamimi said in a statement to “The Information” that “the situation will change a lot in the coming months, especially with the end of the self-deduction imposed on Baghdad from Iraq’s oil money in return for the payment of Kuwait’s debts.”
He added, “The economic reflection on Iraq will be very significant, especially its exit from Chapter VII and the opening of important investment files by foreign companies.”
He pointed out that Iraq’s external debt amounts to more than 70 billion dollars, and it will eventually be able to develop an economic plan to pay all belongings and open new files. LINK
Governor Of The Central Bank Of Iraq Meets His Iranian Counterpart In Tehran
February 25, 2022 Governor of the Central Bank of Iraq meets his Iranian counterpart in Tehran
According to the invitation addressed to His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghalib, a scary Governor of the Central Bank of Iran, the governor held on Thursday 20222/24 meeting with his Iranian counterpart.
The two sides discussed the situation of Iranian banks in Iraq and the amounts in the Iraqi bank for trade and return to Iranian energy companies within the international convention.
The two sides emphasized their keenness to activate banking and document relations to serve the two countries in the next phase, with the need to continue to implement the anti-money laundering and terrorism law effectively.
He also met with the presence of the Governor of the Iranian Central Bank of the First Deputy Chairman of the Republic, Dr. Mohamed Maabbour and agreed to attention and trade cooperation between the two countries.
The meeting was attended by Prime Minister and Iraqi Bank for Trade and Hadi Iraqi Ambassador to the Islamic Republic of Iran. Central Bank of Iraq information Office 2022/25 LINK
Iraq Grants Approximately 150 Establishment Permits For Industrial Projects Within One Month
Money and business Economy News _ Baghdad Today, Saturday, the General Directorate of Industrial Development of the Ministry of Industry and Minerals announced the granting of nearly 150 establishment licenses for industrial projects last January.
The director general of the directorate, Aziz Nazim Abdel, confirmed in a statement received by “Al-Iqtisad News,” “The directorate’s efforts are continuing to provide specialized services and the necessary facilities to private and mixed sector projects in accordance with the controls and privileges of the Industrial Investment Law No. (20) of 1998 and within the capabilities available to the directorate.”
He pointed out that “the number of licenses granted to establish new industrial projects (under construction) for the aforementioned month amounted to (144), while plots of land were allocated for the establishment of industrial projects, with a number of (72) plots of land, in addition to granting (49) an estimate of need to meet the industrial needs of raw materials. and fuel.”
Abd explained, “The directorate pays great attention and care to the progress of work in industrial projects through conducting periodic inspections by the specialized technical committees and intensively for all projects and in all governorates, as field inspection was conducted for (409) industrial projects in addition to providing specialized services Others included the renewal of identities for industrial projects with a number of (295) identities and granting (16) establishment completion certificates for projects that meet the required conditions, re-enactment of (2) licenses, as well as legal procedures and transfer of ownership amounting to (168) procedures. Views 137 Date Added 02/26/2022 LINK https://economy-news.net/content.php?id=27239
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