Integrity: Recovering 15 Billion Dinars From The Former Authorized Director Of One Of The Electronic Payment Companies , 19 NOV

 Integrity: Recovering 15 Billion Dinars From The Former Authorized Director Of One Of The Electronic Payment Companies 

Economy News  Today, Saturday, the Federal Integrity Commission announced the recovery of 15 billion dinars from the former authorized director of one of the electronic payment companies.

The Authority stated in a statement received by Al-Eqtisad News that “its investigative procedures in the criminal case of the accused, the former authorized director, in the case of tax evasion by the company by providing incomplete information and concealing information related to its accounts for the period from (2010 - 2017) should have been clarified.” ", indicating that "he, in collaboration with employees of the General Tax Authority, caused damage to public funds, represented by the Ministry of Finance, amounting to fifteen billion and one hundred and fifty-four million dinars."

She added, "The company has paid the amount of damage caused to public funds as a result of non-accountability of taxes, confirming the transfer of an amount of (15,154,745,000) billion dinars to the account of the General Authority for Taxes - Senior Taxpayers Section," pointing out that "the General Authority for Taxes continues to request a complaint against the accused and take action." legal action against him for not paying the interest on the amount.”

According to the statement, the Authority pointed out that “a private case has been filed against the convicted accused, the former Director General of the General Tax Authority, because she sent a letter to (5) banks indicating that the aforementioned company is tax accountable until the year 2019, with the aim of moving the company’s accounts in those banks, despite the failure to meet the requirements.” The necessary mechanism used in tax accounting.”

She continued, "The convicted defendant carried out these acts in conjunction with three of her employees who were convicted and sentenced by the Central Anti-Corruption Criminal Court."

Views 59 11/18/2023 https://economy-news.net/content.php?id=37624

Prime Minister Al-Sudani Announces Iraqi Dinar to Become the Strongest i...

The President Of The Republic Confirms To The Pope Of The Vatican: Iraq Has Come A Long Way In Consolidating Security And Political Stability, 19 NOV

 The President Of The Republic Confirms To The Pope Of The Vatican: Iraq Has Come A Long Way In Consolidating Security And Political Stability

Political | 02:52 - 11/18/2023   Baghdad - Mawazine News   The President of the Republic, Abdul Latif Jamal Rashid, confirmed that Iraq has come a long way in consolidating security and political stability.

The Presidency of the Republic stated in a statement, a copy of which was received by Mawazine News, that the President of the Republic, Abdul Latif Gamal Rashid, and the First Lady, Shanaz Ibrahim Ahmed, met with His Holiness Pope Francis, Pope of the Vatican. At the beginning of the meeting, the President of the Republic expressed his “thanks to His Holiness the Pope for visiting Iraq,” stressing

that “Iraqis remember with love and pride this visit, which embodied the concepts of peaceful coexistence and the depth of bonds between religions inside and outside Iraq.”

The President of the Republic pointed out that: “Our region needs to consolidate the foundations of brotherhood and tolerant human ties,” stressing “the importance of concerted efforts to strengthen the principles of dialogue, cooperation, and work.” common among peoples, and that the calls, prayers, and public messages issued by the Vatican have a moral impact in relying on calm, dialogue, and consolidating understanding.” He added, “

Iraq has come a long way in establishing security and political stability, and our priorities today are shifting to providing services, improving the standard of living of citizens, rehabilitating the infrastructure, and developing the economy.” In order to achieve comprehensive development.

He stressed that "Iraq is keen to strengthen democracy, pluralism, and respect for rights and freedoms," noting that "the relationship between the federal government and the Kurdistan Regional Government is good, and there is a will on both sides to resolve the outstanding issues in accordance with the constitution and the law."

The President of the Republic stressed that “Christians are an essential component in building the country, its progress, and its prosperity, and there is the government’s keenness on the return of the displaced Christians, Yazidis, and other components to their areas and resolving this humanitarian issue by providing them with the requirements of a decent life, preserving the Christian presence, and protecting diversity,” indicating that “ The doors of the Presidency of the Republic are open to Christians to consider their demands and issues in a way that secures their livelihood and stability.”

He pointed out that "Iraq has good relations with neighboring countries and the world as they depend on mutual respect and common interests. His Excellency also spoke about the situation in Palestine and Gaza," stressing that "Iraq strongly condemns the ongoing violations and aggression against the Palestinians, and calls on the international community to make more efforts." To stop the aggression, protect civilians, and secure the arrival of humanitarian aid.”

For his part, His Holiness the Pope expressed his “welcome to the visit of the President of the Republic,” stressing “the Vatican City’s support for Iraq’s efforts to strengthen ties between religions and components,” and pointed to “the role of the

Christian component in promoting harmony and solidarity, their sacrifices for a prosperous and developed Iraq, and their adherence to national identity.”

The statement continued, "His Holiness the Pope focused on the importance of enhancing opportunities for peace in the world, since wars mean failure."

The statement noted that souvenirs were then exchanged between the President and His Holiness the Pope, and that the meeting witnessed the presence of Member of Parliament Dylan Abdul Ghafour, the Ambassador of the Republic of Iraq to the Vatican, Rahman Al-Amiri, and a number of advisors and officials.    https://www.mawazin.net/Details.aspx?jimare=238046

Oil Rises After A Week Of Intense Sales Due To Supply And Demand Concerns, 19 NOV

 Oil Rises After A Week Of Intense Sales Due To Supply And Demand Concerns

Saturday 18, November 2023 08:41 | Economical Number of readings: 273  Baghdad / NINA / The price of Brent crude oil, the global standard, remained below $80 per barrel, a day after it fell 5% to the lowest level in 4 months due to increasing fears of escalating supplies from outside the Organization of the Petroleum Exporting Countries (OPEC) and slowing demand.

By yesterday evening, Friday, Brent crude futures rose $1.34, or about 1.7%, to $78.76 per barrel, and US West Texas Intermediate crude rose to $74.1, an increase of $1.2, or about 1.7% as well.

The two benchmarks lost about one-sixth of their value over the past four weeks, and prices are heading towards recording a fourth week of losses.

“Oil prices have fallen slightly this year, although demand has exceeded our optimistic expectations,” Goldman Sachs analysts said in a note.

They added, "OPEC's non-essential supplies were much stronger than expected, and partially offset the OPEC cut."

The reason for the decline in oil this week was mainly due to the sharp rise in US crude inventories and the continuation of production at record levels, and the shrinking demand in China also raised concerns./ End   https://ninanews.com/Website/News/Details?key=1090476

🔥Iraqi Dinar🔥Dinar Over $1🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

Parliamentary Oil Committee: The Oil And Gas Law Has Not Reached Parliament And Is Still In The Government’s Drawers, 19 NOV

 Parliamentary Oil Committee: The Oil And Gas Law Has Not Reached Parliament And Is Still In The Government’s Drawers, 19 NOV

Iraq  Saturday, November 18, 2023 4:35 PM  Exclusive / National News Center  The Second Deputy Chairman of the Parliamentary Oil and Gas Committee, Adnan Al-Jabri, today, Saturday, called on the Prime Minister to open an investigation into the devaluation of the rights of lecturers in Basra.

Al-Jabri said in a statement to the National News Center: “Data for 35,721 retirees in the General Directorate of Basra Education was published as contracts for lecturers and administrative volunteers in the education departments in Basra Governorate, but we were surprised by the lecturers who have direct positions in their schools.”

Al-Jabri stressed on the Ministry of Education, “Do not underestimate the merit of volunteers who have been working for free for three years and filling vacancies in many schools affiliated with Basra Education.”

Regarding the oil and gas law, he explained that “it has not yet reached the House of Representatives and is still in the government’s custody, and the government has formed many committees to study the organization of the draft law.” 

He added, “This law must be enacted during this session to resolve the problems between the center and the region, preserve the entitlements of the oil-producing governorates, and regulate production operations and management of oil and gas.”   https://nnciraq.com/237375/

"RV UPDATE" BY CLARE & PIMPY, 18 NOV

 Clare

  Article:  "Private banks and exchange companies express their preparations to reduce the exchange rate"  Quote: "Private banks and exchange companies are showing great preparations, collectively and in coordination, to reduce the price of the dollar”

 Pimpy   

It's a tug-of-war for you to find that sweet spot when it comes to currency exchanges.  Right now I believe the Iraqi dinar is way too low, It's too cheap.  Iraq is starting to get get back on track.  If they're going to start doing trade with  other countries they're going to need a stronger Iraqi dinar...

What would really be a super huge lift and bring a ton of value to the Iraq dinar is if they get away from the greenbacks and start using their own currency to do transactions for the oil.  That would be huge.