Iraqi News Highlights Thursday Afternoon 7-6-23
Tlm724 Administrator Bondlady’s Corner
Al-Rafidain: Collection Of Cash Deposits, Credits And Guarantees In Iraqi Dinars
Economy | 09:21 – 06/07/2023 Baghdad – Mawazine News , Al-Rafidain Bank announced, on Thursday, that cash deposits, credits, and guarantees have been collected in Iraqi dinars.
In a statement, Mawazine News received a copy of it, the bank said, “In line with government directives to deal in Iraqi dinars instead of the dollar and to strengthen its strength in the local market, Al-Rafidain Bank announces that all cash guarantees will be fulfilled in the Iraqi dinar currency exclusively for internal credits, bank guarantees and letters of guarantee issued.” For the benefit of government and private beneficiaries, even if the insurance is in dollars and at the official exchange rate.
And he added, “Payment of the sums of the letters of guarantee upon confiscation is exclusively in the Iraqi dinar and at the official exchange rate as well.” https://www.mawazin.net/Details.aspx?jimare=230729
Planning Announces A High Annual Inflation Rate During Last May
Economy | 09:44 – 06/07/2023 Baghdad – Mawazine News The Ministry of Planning announced, on Thursday, an increase in the annual inflation rate during last May.
The ministry stated, in a statement, which Mawazine News received a copy of, that “a slight decrease in the inflation rate during the month of May, by (0.2%), and the annual inflation increased by (3.4%).” Ended https://www.mawazin.net/Details.aspx?jimare=230730
Finance Defines The Requirements Of The Quality Management Standard (ISO)
Thursday 06, July 2023 | Economical Number of readings: 143 Baghdad / NINA /- The Quality Management Department of the Office of the Minister of Finance held, today, Thursday, its second meeting on defining the requirements of the quality management system standard and working on applying it to all aspects of the ministry.
The Ministry of Finance stated in a statement, “The meeting discussed several axes, the most important of which was the follow-up to the outputs of the first meeting and the recommendations emanating from it, in addition to providing a full explanation of the concept of total quality management and its relationship to international standards, as well as the basic methods for applying the standards of the specification items and the importance of applying quality as a scientific and practical method.” Ministry departments, and the use of the latest methods to develop and develop human resources, as well as the creative capabilities of employees.
The statement added, “The meeting comes within the plans set by the department to keep pace with the development in this field, in line with the ministry’s institutional performance standards and ways of applying them in a contemporary manner, and to establish a culture of quality in departments and formations affiliated with the ministry to raise the level of work and services provided and improve job performance.”/ End To https://ninanews.com/Website/News/Details?key=1063403
Al-Rikabi: Wait For More Reform Packages
Wednesday 05 July 2023 political Number of readings: 984 Baghdad / NINA / – The media advisor to the Prime Minister, Hisham Al-Rikabi, affirmed today, Wednesday, the government’s insistence on carrying out reform operations.
Al-Rikabi said in a tweet: “The prime minister’s conversation yesterday with his ministerial team about continuing to work to serve the citizen and stressing the fight against corruption and the security changes that were made today, show the government’s insistence on conducting reforms and comprehensive administrative cleansing of state institutions, and the basic criterion is citizen service.”
He concluded by saying: “Wait for more reform packages.”/ End 2
https://ninanews.com/Website/News/Details?Key=1063270
Planning Holds A Meeting To Prepare The National Development Plan For The Next Five Years
Money and business Economy News – Baghdad On Thursday, the Ministry of Planning held a meeting of the preparatory committee to prepare the national development plan for the next five years.
The ministry stated, in a statement received by “Al-Iqtisad News”, that “the preparatory committee held its periodic meeting headed by the Undersecretary for Technical Affairs, Maher Hammad Johan, which comes within a series of its ongoing meetings in this regard, during which the general framework of the plan was discussed, with the heads of the sectoral teams presenting the papers that have been accomplished.” sectoral support, as well as discussing the technical and advisory support provided by the United Nations Development Program for the plan and how to benefit from it.
The statement added, “The meeting discussed the programs included in the plan, including the governance program, digital transformation and systems automation, as well as the business environment reforms program for the private sector, in addition to adaptation and limiting climate change and its repercussions, as well as social protection and poverty alleviation policies, as well as improving human capital with Reducing spatial development gaps between governorates, achieving rural development, and others.
“The meeting was attended by the Undersecretary of the Ministry for Administrative Affairs, Azhar Hussein Saleh, the head of the Central Bureau of Statistics, Diaa Awad Kazem, and a number of general managers in the ministry, as well as a group of experts, academics, and representatives of the relevant departments in the ministry,” the statement said. Views 33 07/06/2023 https://economy-news.net/content.php?id=35034
Iraq Ranks 30th Globally In Military Spending
Money and business Economy News _ Baghdad Iraq ranked 30th in the world in the list of military spending as a percentage of its economy, according to the (Visual Capitalist) website, which focuses on topics including markets, technology, energy and the global economy.
A report prepared by the site, followed by Al-Iqtisad News, identified three categories of military spending as a percentage of GDP, using the five-year average (2018-2022) for each country.
According to the report, military spending will be high if it is above 5% of the countries’ gross domestic product, medium if it is between 2 to 5%, and low if it is less than 2%.
According to the table, 5 Arab countries out of 7 countries ranked first with the highest military spending compared to their GDP, indicating that Ukraine came at the top of these countries, as its military spending amounted to 9.46% of the GDP, followed by Saudi Arabia with 8.19%, followed by Oman with 8.11%, followed by Qatar with 5.88%, followed by Algeria with 5.70%, then Kuwait with 5.66%, and then Israel with 5.09%.
According to the table, Jordan came at the top of the middle category and ranked 8th in the world with its military spending of 4.81% of its GDP. Its gross domestic product, and Morocco ranked 15th in the world, spending 3.72% of its GDP, and Iraq ranked 30th in the world, spending 2.69% of its GDP.
He pointed out that Croatia came at the top of the countries in the low category and ranked 51 globally, with an agreement of 1.97% of its GDP.
Gross domestic product is measured by the economic performance card, as it is the total value of all final goods and services produced by any country as a comprehensive tool for measuring the production of this country.
It is calculated as follows: Gross Domestic Product = Consumer Expenditure + Government Expenditure + Total Investment + Net Exports. Views 52 07/06/2023 – https://economy-news.net/content.php?id=35024
Al-Sudani Plucks “Big Heads”… “Fundamental” Changes In State Institutions And Calls For Holding The “Corrupt” Accountable
Information / special. From time to time, a new list is issued loaded with the names of many of those who were dismissed from their position or dismissed by a decision of the Prime Minister, Muhammad Shia’ al-Sudani.
Whatever the reasons for the dismissals, the result is the same, which is “change.”
Surprisingly, and out of fairness and out of courtesy, the government’s steps began to pick off “big heads” in the state, and this may not have been repeated in previous years, and the most important question remains: is the government really heading towards reforming what others have corrupted in the state system, or is political pressure imposing itself on positions?.
Yesterday, Tuesday, Prime Minister Muhammad Shia’a al-Sudani agreed to dismiss the Director of the Federal Office of Financial Supervision, Rafel Yassin Khudair, and to appoint a replacement for him.
Member of Parliament, Thaer al-Jubouri, chapter, reasons for dismissals in important government joints, and while he directed a request to the government regarding “corrupt” personalities, it is likely that these personalities are linked to major thefts such as the “theft of the century.”
Al-Jubouri said, in an interview with Al-Maalouma Agency, that “the decisions of the Prime Minister, Muhammad Shia’a Al-Sudani, to dismiss many personalities who hold high government positions are due to many reasons.”
He added, “Among these reasons is the incompetence of some personalities and spending the specified legal period of four years or more,” pointing out that
“these personalities must be dismissed, to change the reality of the government institution and make it work better.” The member of the House of Representatives explains,
“There are changes that may be associated with financial and administrative corruption,” noting that
“some of the dismissed personalities may be linked to major financial thefts, such as the theft of the century that occurred previously.”
Al-Jubouri calls on the government, “the need to hold the corrupt accountable and bring them to legal accountability, given that there is a financial misdemeanor and a waste of public money,” adding,
“All thieves are required to return the Iraqis’ money to the state treasury.”
The Prime Minister’s actions did not stop at dismissals; Rather, he made a number of changes in important security positions, including the National Security Agency, and it seems that the list has not been closed and is waiting for a new meal.
In turn, the leader in the coordination framework, Turki Al-Atbi, confirmed that the Sudanese security changes were expected 3 months ago, and they represent only the first meal.
Al-Atbi mentioned in an interview with Al-Maalouma that “the decision of the Prime Minister, Muhammad Shia’a Al-Sudani, to make changes in sensitive security positions, including the National Security and Intelligence, was not surprising. The angle in all decisions to change so far.
He points out, “There is a second list of names of leaders that will be changed soon,” stressing that “the changes are intended to have 3 important goals, which are changing plans, giving a role to competencies, and distancing the security establishment from any influence or political affiliations.”
Al-Atbi continues, “The Sudanese government is serious about making changes in the country’s security system and all its addresses, and it is part of a fundamental and continuous reform plan according to specific paths.”
Al-Sudani’s continuation of the approach of change and reform of the government system, efforts that are praised by the near and the stranger,
but the exposure of this authority to political pressure and the harmony with the demands of some political blocs, may be a bump from which the government will not get out easily.
Especially since the previous governments provided actual and good experiences on this matter. https://almaalomah.me/news/politics/السوداني-يقطف-رؤوس-كبيرة-تغييرات-جوهرية-في-مؤسسات-الدولة-ومط
The Rise In Dollar Exchange Rates In The Local Markets
Economy Thursday, July 6, 2023 Baghdad / National News Center Today, Thursday, the exchange rates of the US dollar against the Iraqi dinar recorded an increase in the local markets.
As “the purchase prices reached 149,000 dinars per 100 dollars, while the selling prices reached 147,000 dinars per 100 dollars.” https://nnciraq.com/214757/
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