Parliamentary Economy Committee Discusses With The Central Bank Of Iraq The Reality Of Banks And The Problems Facing The Sector
Banks
Economy News – Baghdad The Economy, Industry and Trade Committee, headed by MP Ahmed Salim Al-Kanani, discussed today, Monday, with the Director General of Investment and the Director General of Banks at the Central Bank, the problems facing the banking sector in Iraq.
The media department of the House of Representatives stated in a statement received by "Al-Eqtisad News" that "the Economy, Industry and Trade Committee, headed by MP Ahmed Salim Al-Kanani and attended by its members, hosted the Director General of Investment and the Director General of Banks at the Central Bank."
During the meeting, the reality of banks, the most prominent problems facing the Iraqi banking sector, and ways to find effective solutions to them were discussed. 143 viewsAdded 10/14/2024 https://economy-news.net/content.php?id=48699
DO NOT fall for someone saying they will set up your QFS Account so you can access money in it. All they are doing is collecting your personal information so THEY can steal your money.
Everyone already has their own QFS account set up, and it contains all of your personal data and your DNA. THERE IS NOTHING TO SET UP!!!
All of us have money that is ours in these accounts.
This is money you’ve earned throughout your life. The money from your birth certificate is already deposited into that account, as well as payments for loans you’ve requested, student loans, mortgages, etc. You don’t need Zim Bonds or Dinars to set up a QFS Account.
After everyone has exchanged, the general public will be called, summoned to the redemption center, given a QFS card, and will be able to use their money.
At some point we will have to sign a non-disclosure agreement (NDA) and won’t be able to speak about this topic.
Minister Of Interior Calculates The Amount Of Revenues During The Year 2023
Minister of Interior Abdul Amir Al-Shammari Money and business Economy News - Baghdad
The Parliamentary Finance Committee stressed, on Monday, the importance of forming a committee to study non-oil revenues and monitor their distribution, while Interior Minister Abdul Amir Al-Shammari indicated that the total revenues for 2023 amounted to 757 billion dinars, which were returned to the state treasury.
The committee said in a statement, seen by "Al-Eqtisad News", that it "hosted, headed by Atwan Al-Atwani, and in the presence of its members and a number of members of other parliamentary committees, the Minister of Interior, Abdul Amir Al-Shammari, and his accompanying delegation, at the committee's headquarters to discuss issues related to maximizing revenues and mechanisms for improving the provision of services to citizens."
Al-Atwani welcomed the Minister of Interior, noting that "the Finance Committee works according to the principle of joint integration to support the government."
He stressed the "need for solidarity in studying the financial and economic situation and pointed out that reliance on oil as a primary resource does not achieve the financial stability required to achieve sustainable development."
The committee stressed the "importance of forming a committee to study non-oil revenues and monitor their distribution, in addition to analyzing the state's assets and studying their financial statements. The issue of those whose contracts were terminated and the transfer of beneficiaries of the social protection salary to the ministry to benefit from their services was also addressed."
For his part, the Minister of Interior appreciated the efforts of the Finance Committee and the parliamentary committees in supporting the ministry and the government, explaining that "the ministry has received the security file for a number of governorates and is continuing to work on receiving the rest of the governorates, according to the government program."
He provided an explanation of the ministry's plan to maximize non-oil revenues, noting that "total revenues for 2023 amounted to 757 billion dinars, which were returned to the state treasury."
Discussions between the committee members and the Minister touched on many of the Ministry’s issues, including the services of issuing electronic passports and unified cards, the revenues of the Ministry’s fund and other departments, the importance of electronic automation and functional intersection, in addition to discussing the issue of residential complexes.
The committee also inquired about the criteria for distributing job grades according to governorates, stressing the "need for coordination and work to complete the 2025 budget schedules on time."
Government Advisor: Tensions And War In The Region May Lead To A Jump In Oil Prices
Energy Economy News – Baghdad The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, identified on Monday the indicators of the rise in oil prices in global markets, and while he attributed them to two basic variables, he indicated that if tensions and war continue in the region, a jump in prices is expected.
Saleh said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the oil asset cycle is subject to accelerated upward volatility through current energy market indicators and two basic variables that affect oil supply and demand in the world: the first is OPEC+ decisions to reduce oil production on the production of OPEC countries themselves and their allies, as OPEC+ has currently implemented significant oil production cuts amounting to 5.86 million barrels per day."
He added, "These cuts consist of two parts: the first is a reduction of 3.66 million barrels per day extended until the end of 2025, and the other is an additional voluntary reduction of 2.2 million barrels per day that remains in effect until September 2024."
He pointed out that "the cuts come to remove the current oil glut, which is affected by the decline in growth in the world's most important energy-consuming economies, China," noting that "the second variable is the geopolitical situation and the war taking place in the two energy basin regions of the world, namely the Russian-Ukrainian war and the other is the ongoing war in the Middle East, especially the Gaza and Lebanon war with the Zionist entity and its effects on the oil-producing Gulf region, which dominates more than 50% of global oil exports."
He continued, "If military operations or geopolitical tensions continue in the two regions, oil prices are expected to jump." 128 views Added 10/14/2024 - https://economy-news.net/content.php?id=48705