Markets:
Asia closed down the Nikkei HSI and Shanghai just about 1% each
our markets are due to start mix ed dow in the red just barely like .12 sp in th green just barely .1 % ndx in the green .09
Oil rises thanks to hopes of OPEC + cuts headline
Precious Metals:
Gold up to 1645 Silver down but still over 18 18.10 Copper down to 255 Platinum down to 924
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1165.5000 |  1220.6000 | 1191.9000 | 1191.7000 | 1191.7000 | -0.8000 | 06:05 |
| USD/VND | 22859.9800 | 23594.5500 | 23252.2100 | 23201.0200 | 23252.2100 | -52.2900 | 06:05 |
| USD/CNY | 7.0399 | 7.0419 | 7.0404 | 7.0363 | 7.0364 | 0.0034 | 06:39 |
| USD/KWD | 0.3058 | 0.3068 | 0.3063 | 0.3059 | 0.3061 | 0.0002 | 06:39 |
| GBP/USD |  1.2917 | 1.2918 | 1.3008 | 1.2914 | 1.3003 | -0.0086 | 06:46 |
| USD/IRR | 0.0000 | 0.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 00:00 |
| USD/IDR | 13986.0000 | 13991.0000 | 14009.0000 | 13856.0000 | 13946.0000 | 39.0000 | 06:45 |
Things in the News...
CoronaVirus Headlines...
Guests in Spanish hotel locked down...
San Fran declares state of emergency...
Iran says top official who played down fears is infected...
other news....
Iraqi Articles:
Muhammad Allawi singing: Tomorrow we will turn over the quotas page and look forward to a free and strong, patriotic Iraq
Prime Minister-designate Muhammad Tawfiq Allawi said: "Tomorrow we will fold the quotas page and look forward to a strong, free and fatherly Iraq."
"Tomorrow, God willing, tomorrow will vote on the first booth of qualified and impartial independent candidates, they will return to the people their right and Iraq its prestige," he said. Tomorrow, together with people, representatives, candidates, and national political forces, we will turn over the quotas page and look forward to a free and strong, patriotic Iraq.
"Tomorrow, God willing, tomorrow will vote on the first booth of qualified and impartial independent candidates, they will return to the people their right and Iraq its prestige," he said. Tomorrow, together with people, representatives, candidates, and national political forces, we will turn over the quotas page and look forward to a free and strong, patriotic Iraq.
Trade Bank of Iraq showcases investment opportunities in Iraq at Global Trade Review MENA 2020 summit
Several infrastructure projects are underway in Iraq as the country continues to rebuild leading to several potential investment opportunities in the region especially in the power sector
Press Release
Dubai: Trade Bank of Iraq (TBI) promoted investment opportunities in Iraq at the Global Trade Review (GTR) MENA 2020 summit held in Dubai and highlighted their commitment towards reconstruction of Iraq through its activities in the trade finance sector.
Several infrastructure projects are underway in Iraq as the country continues to rebuild leading to several potential investment opportunities in the region especially in the power sector.
It’s assessed that the real GDP growth of Iraq is expected to grow up by an average of 3.1% by 2023 with non-oil GDP expected to grow tremendously on the back of the reconstruction efforts.
TBI representatives present at the GTR MENA summit highlighted the potential opportunities to invest in the fledgling economy as the country continues to rebuild.
Commenting on TBI’s participation at the GTR MENA summit Faisal Al Haimus, Chairman & President of Trade Bank of Iraq said: “We have seen a lot of success in the recent years and are on the path to bigger things. Our presence at the GTR is a reflection of our ambition to earmark our presence outside Iraq.
“TBI’s total assets has recorded an increase of 27% and our net profits has seen an increase of 68% in the year 2019 compared to the previous year and we are committed to build on this growth.
“We are working on the growth and expansion of our operations and will be soon making a few announcements in the coming days.”
TBI is currently working on expanding its network domestically & Internationally to diversify the sources of revenue from retail banking in Iraq to international operations in order to achieve a 30% compounded annual growth rate envisaged in the bank's business plan for 2020-22.
Ends-
Extending the opening of the green zone
The Prime Minister's Secretary General, Lieutenant General Mohamed Al-Bayati, announced, Wednesday, that the Green Zone in the center of the capital, Baghdad, will be extended for additional hours.
Al-Bayati said in a statement, "The green opening hours were extended from six in the morning to 12 noon and from two in the afternoon until 10 pm."
The Green Zone was partially opened on January 19 after being closed for more than 3 months due to the demonstrations.
The government curriculum committee holds its first meeting
The Parliamentary Curriculum Study Committee, headed by the First Deputy Speaker of the House of Representatives, Hassan Al-Kaabi, held today, Tuesday, its first meeting to study the ministerial curriculum sent by the designated Prime Minister, Mohammed Tawfiq Allawi, and made several observations about the curriculum paragraphs.
The media office of the First Deputy Speaker of the House of Representatives stated, in a statement seen by Al-Mirbad, that "the committee for studying the government curriculum held its first meeting headed by Hassan Karim Al Kaabi, the first deputy to the Speaker of the Parliament, to discuss the ministerial curriculum prepared by the government in charge and intended to give it confidence during an extraordinary session to be held by the parliament. next Thursday".
Al-Kaabi said, "The importance of this curriculum comes from being the general framework for the work of the next government and prepared according to the foundations and priorities governed by the nature of the current stage, and it is not considered a detailed approach to the work of the ministries that will be tasked with preparing a detailed curriculum for each of them as well as containing time schedules."
He added, "The curriculum included several axes related to preparing for the upcoming elections, the rule of law, state prestige and government reform, which is divided into several axes, mostly economic, relating to the lives of citizens, service sectors, infrastructure, and real economic development."
The attendees expressed, according to the statement, "important notes on the paragraphs of the curriculum sent by the Prime Minister-designate," proposing "to add one of the deputies and political and financial advisors to the Council to its membership and according to jurisdiction."
The House of Representatives has formed a parliamentary committee headed by the First Vice-President of the House of Representatives and membership of each of the deputies Muhammad Al-Sudani and Vian Sabri, and advisers in the House of Representatives, to study the government curriculum before it is presented for voting during the session of granting confidence next Thursday.
The House of Representatives has formed a parliamentary committee headed by the First Vice-President of the House of Representatives and membership of each of the deputies Muhammad Al-Sudani and Vian Sabri, and advisers in the House of Representatives, to study the government curriculum before it is presented for voting during the session of granting confidence next Thursday.
Washington imposes sanctions on 13 entities and individuals, including Iraq, for supporting Iran's missile programs
Allawi confirms that he has audio and video recordings of blackmailing political forces
deputy affiliated with the Alliance of Others, quoting Prime Minister-designate Muhammad Tawfiq Allawi, confirmed his possession of video and audio recordings of blackmailing political forces.
Representative Badr Al-Ziyadi said in a press statement that "Allawi has special records for the meetings of all political forces and even blackmailers," returning to it "a good step from him if the process of passing the government and broadcasting it to the Iraqi people through the media fails to know who are the pressure and blackmail blocs to put ministers for a price." .
He added that "the state of extortion exists in Parliament; but we will have a position to reject the secret vote, leaving the field for the people to know who is with the government and against it."
On Tuesday, Prime Minister-designate Muhammad Tawfiq Allawi revealed that there was a plan to thwart the passing of his government by paying exorbitant sums to deputies.
Allawi said in a tweet on "Twitter", he has heard that there is a plan to thwart the government's passage due to the inability to continue the thefts because the ministries will be managed by independent and impartial ministers .. This plan is to pay exorbitant sums to the deputies and make the vote secret I hope that these are The information is incorrect.
Al-Ziyadi added, "As for the Kurdish position to this moment, it is not clear, and they are still up to the moment in a meeting with Allawi for the purpose of reaching a final agreement on forming the government," noting that "the insistence of the person charged with not choosing any candidate from the blocs."
He added, "Allawi maintained the benefits of the Iraqi components in his cabinet in independent personalities, and there are still four vacant ministries for which ministers were not chosen, and tomorrow the government formation that includes four women will be completed."
Commenting on the convening of the extraordinary session next Thursday, Al-Ziyadi said, "The Thursday session was determined, but the possibility of holding it is weak." He stressed that "the secret vote is difficult and the devices have problems that have been linked recently and not activated, and we are with the public vote and we will not support the secret vote in the session of granting confidence."
He added that "the state of extortion exists in Parliament; but we will have a position to reject the secret vote, leaving the field for the people to know who is with the government and against it."
On Tuesday, Prime Minister-designate Muhammad Tawfiq Allawi revealed that there was a plan to thwart the passing of his government by paying exorbitant sums to deputies.
Allawi said in a tweet on "Twitter", he has heard that there is a plan to thwart the government's passage due to the inability to continue the thefts because the ministries will be managed by independent and impartial ministers .. This plan is to pay exorbitant sums to the deputies and make the vote secret I hope that these are The information is incorrect.
Al-Ziyadi added, "As for the Kurdish position to this moment, it is not clear, and they are still up to the moment in a meeting with Allawi for the purpose of reaching a final agreement on forming the government," noting that "the insistence of the person charged with not choosing any candidate from the blocs."
He added, "Allawi maintained the benefits of the Iraqi components in his cabinet in independent personalities, and there are still four vacant ministries for which ministers were not chosen, and tomorrow the government formation that includes four women will be completed."
Commenting on the convening of the extraordinary session next Thursday, Al-Ziyadi said, "The Thursday session was determined, but the possibility of holding it is weak." He stressed that "the secret vote is difficult and the devices have problems that have been linked recently and not activated, and we are with the public vote and we will not support the secret vote in the session of granting confidence."
The Secretary-General of the House of Representatives called on the Public Prosecutor to immediately investigate Prime Minister-designate Muhammad Tawfiq Allawi to prove the validity of his allegations or not and take legal measures in both cases.
Al-Rafidain resumes the promotion of loan transactions of all kinds
Al-Rafidain Bank, on Wednesday, directed all its branches to resume the promotion of loan transactions of all kinds and financial facilities in addition to investment projects loans, provided that all previous approvals are completed and completed.
The media office of the bank said in a statement received by "Eye of Iraq News", that it "directed all its branches to resume the promotion of loan transactions for citizens of all kinds and financial facilities."
He added, "He also directed the bank's branches in Baghdad and the provinces of the need to discover investment opportunities and study them in a comprehensive manner for new projects and commercial loans that can be set up to be properly archived and follow the credit activity with the bank's branches."
The bank demanded "state departments and institutions to compel their employees to pay their debts, and to recover the bank's arrears due to the employees and citizens who failed to pay their sums of money to spare them the legal consequences due to the damage to public money."
It is noteworthy that the Rafidain Bank began granting loans and advances to employees and citizens during the past period, according to the controls and specific mechanisms.
He added, "He also directed the bank's branches in Baghdad and the provinces of the need to discover investment opportunities and study them in a comprehensive manner for new projects and commercial loans that can be set up to be properly archived and follow the credit activity with the bank's branches."
The bank demanded "state departments and institutions to compel their employees to pay their debts, and to recover the bank's arrears due to the employees and citizens who failed to pay their sums of money to spare them the legal consequences due to the damage to public money."
It is noteworthy that the Rafidain Bank began granting loans and advances to employees and citizens during the past period, according to the controls and specific mechanisms.
CBI, ISX,Dinar Guru:
CBI Update:
Click on the link above for the latest update.
The CBI for Wednesday Feb 26th rate is 1190.
The currency auction total sales amount $ 224,590,700.
Shares Traded: 581,488,896
Value Traded: 997,383,174
Dinar Guru Chatter:
2-26-2020 Newshound Guru Vital Brad In the whole 10 years that I've been following this there's more happening in Iraq than I've ever seen. Do I feel we're closer than ever? Absolutely. Do I feel like Iraq deserves to have their currency internationally recognized again - to be included with everybody else? Absolutely. There's no reason a country like Iraq that has so much...value should be excluded from the rest of the world. Am I happy that I personally am holding some Iraqi dinar? I am. I absolutely am....
2-25-2020 Intel Guru Frank26 [Question] From what I understand the new Prime Minister will have 30 days to reinstate the currency. No no no. the Central Bank of Iraq reinstates the currency. The prime minister announce it along with the governor. But the CBI's gonna do all the talking...
2-25-2020 Intel Guru MarkZ I did get to talk to [Guru] Okie twice this weekend…short calls because he gets out of breath…he is also excited about where we are at and the news he was getting over the weekend…
2-25-2020 Intel Guru Frank26 [Question] In your opinion is there a timeline limit once this occurs to exchange? ...very good question. I think that they are talking about that. There might be a time limit. We don't know that just yet...but it wouldn't be such a dramatic thing - 30 days. No no I think it would be a number of years...
2-25-2020 Newshound Guru Whitelions ... lets see what the cbi does when the cabinet is voted in...it looks like that will be very soon. The CBI is ready ...the work that is starting in the country is demanding it...not just the protesters but the contractors that are coming in are expecting it...not just the us but every country wanting to work in the country and the good thing is Iraq is being very picky about what country's it will do bis. with because they know they can...everybody wants a piece of this pie...but If I have to guess it would be with in the next 2 to 3 months...
2-25-2020 Newshound/Intel Guru tman23 ...Kap [Guru Kaperoni] posted the other day...16 trillion in whats in the ground...150 billion barrels... has been now just quadrupled...when that number 16 trillion was released...Trump in 2012 or there about tweeted...“US deficit 16 trillion and Iraq valued worth 16 trillion...INTERESTING!”...the
2-25-2020 Intel Guru MarkZ [Guru Walkingstick told Frank they pushed the button.] I am hearing the same thing. …waiting for confirmation in the media.
2-25-2020 Newshound Guru Pimpy ...according to the Iraqi Constitution it says as clear as day that a budget must be put forward and by law they're supposed to wait 30 days. They have to keep reviewing it for 30 days. They give them 30 days minimum before they could pass the budget. If the budget's been submitted it's 30 days from then in which they vote on and go ahead to move the budget forward. Until now the budget has not been published...
2-25-2020 Newshound Guru Whitelions ...they will never ever post that they are going to change the rate of their currency, BUT we have all been in this a long time and can follow what and how things are going in that country ...
2-25-2020 Newshound Guru Vital Brad ...Part of me does feel like they will come out at a low rate...just throwing a number out there let's say 10 cents, something like that just to get back on the international market and get rid of some of the amount of the Iraqi dinar that's out there...get some people to turn in their dinar at a lower rate. I believe it can float up to a higher rate...Kuwait's currency right now I believe is around $3.40 and Iraq has much more oil reserves than Kuwait...there's no reason IMO they should be lower than Kuwait. So I think it'll get up there.
2-25-2020 Intel Guru Frank26 ...I would like to believe that it's true that President Trump has given them the date to stop using the American dollar in the auction and I believe that they have committed to it. And the fact that it's from Donald Trump who I don't think that's going to delayed or moved or anything. You don't trump Trump..
2-25-2020 Intel Guru MarkZ I did get to talk to [Guru] Okie twice this weekend…short calls because he gets out of breath…he is also excited about where we are at and the news he was getting over the weekend…
2-25-2020 Intel Guru Frank26 [Question] In your opinion is there a timeline limit once this occurs to exchange? ...very good question. I think that they are talking about that. There might be a time limit. We don't know that just yet...but it wouldn't be such a dramatic thing - 30 days. No no I think it would be a number of years...
2-25-2020 Newshound Guru Whitelions ... lets see what the cbi does when the cabinet is voted in...it looks like that will be very soon. The CBI is ready ...the work that is starting in the country is demanding it...not just the protesters but the contractors that are coming in are expecting it...not just the us but every country wanting to work in the country and the good thing is Iraq is being very picky about what country's it will do bis. with because they know they can...everybody wants a piece of this pie...but If I have to guess it would be with in the next 2 to 3 months...
2-25-2020 Newshound/Intel Guru tman23 ...Kap [Guru Kaperoni] posted the other day...16 trillion in whats in the ground...150 billion barrels... has been now just quadrupled...when that number 16 trillion was released...Trump in 2012 or there about tweeted...“US deficit 16 trillion and Iraq valued worth 16 trillion...INTERESTING!”...the
2-25-2020 Intel Guru MarkZ [Guru Walkingstick told Frank they pushed the button.] I am hearing the same thing. …waiting for confirmation in the media.
2-25-2020 Newshound Guru Pimpy ...according to the Iraqi Constitution it says as clear as day that a budget must be put forward and by law they're supposed to wait 30 days. They have to keep reviewing it for 30 days. They give them 30 days minimum before they could pass the budget. If the budget's been submitted it's 30 days from then in which they vote on and go ahead to move the budget forward. Until now the budget has not been published...
2-25-2020 Newshound Guru Whitelions ...they will never ever post that they are going to change the rate of their currency, BUT we have all been in this a long time and can follow what and how things are going in that country ...
2-25-2020 Newshound Guru Vital Brad ...Part of me does feel like they will come out at a low rate...just throwing a number out there let's say 10 cents, something like that just to get back on the international market and get rid of some of the amount of the Iraqi dinar that's out there...get some people to turn in their dinar at a lower rate. I believe it can float up to a higher rate...Kuwait's currency right now I believe is around $3.40 and Iraq has much more oil reserves than Kuwait...there's no reason IMO they should be lower than Kuwait. So I think it'll get up there.
2-25-2020 Intel Guru Frank26 ...I would like to believe that it's true that President Trump has given them the date to stop using the American dollar in the auction and I believe that they have committed to it. And the fact that it's from Donald Trump who I don't think that's going to delayed or moved or anything. You don't trump Trump..
Catnip's Corner:
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ARTICLE 1 (from PM Mahdi's website)
Cabinet decisions
The Council of Ministers held its regular session, today, Tuesday 25 February 2020, headed by Deputy Prime Minister and Minister of Oil Dr. Thamer Al-Ghadban.
The Council of Ministers approved that the Ministry of Finance release the necessary funds to the Ministry of Health and the governorates urgently within two days, enabling them to confront the Corona virus and take the necessary measures to prevent its spread, and excluded the Ministry of Health and the Governorates from the instructions for implementing the contracts for the year 2014 as far as the matter related to combating the virus.
And it was agreed to terminate the work of the National Housing Initiative Committee composed under item two of the Council of Ministers Resolution: (252 of 2017); and refer its duties to the National Housing Council, which was formed according to the Diwaniyah Order: (121 of 2017), which is considered the authority responsible for setting housing policies in Iraq .
The Council approved the issuance of the Staff College System, which was reviewed by the State Council, based on the provisions of Article (80 / Item Three) of the Constitution, and Article (14) of the Defense University Law for Military Studies No. (4) of 2016, taking into account the observations of the Legal Department In the General Secretariat of the Council of Ministers confirmed by its memo number: D / S / 2/2 / 41L, Date: 27/1/2020.
It was agreed to give the Minister of Finance the authority to grant companies (Iraq - Mesopotamia - FAO) belonging to the Ministry of Water Resources an operating advance of (20%) provided that the work assigned to the aforementioned companies is not transferred to other companies or other secondary contractors.
Media office of the Prime Minister
February 25, 2020
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ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.
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ARTICLE 3-A
Allawi confirms that he has audio and video recordings of blackmailing political forces
25/2/2020 21:44
[Baghdad-where]
A deputy affiliated with the Other Alliance movement quoted Prime Minister-designate Muhammad Tawfiq Allawi as confirming that he had audio and video recordings of blackmailing political forces.
Representative Badr Al-Ziyadi said in a press statement that "Allawi has special records for the meetings of all political forces and even blackmailers," returning to it "a good step from him if the process of passing the government and broadcasting it to the Iraqi people through the media fails to know who are the pressure and blackmail blocs to put ministers for a price." .
He added that "the state of extortion exists in Parliament; but we will have a position to reject the secret vote, to leave the way for the people to know who is with the government and against it."
He added that "the state of extortion exists in Parliament; but we will have a position to reject the secret vote, to leave the way for the people to know who is with the government and against it."
On Tuesday, Prime Minister-designate Muhammad Tawfiq Allawi revealed that there was a plan to thwart the passing of his government by paying exorbitant sums to deputies.
Allawi said in a tweet on "Twitter", he has heard that there is a plan to thwart the government's passage due to the inability to continue the thefts because the ministries will be managed by independent and impartial ministers .. This plan is to pay exorbitant sums to the deputies and make the vote secret I hope that these are The information is incorrect.
Al-Ziyadi added, "As for the Kurdish position to this moment, it is not clear, and they are still up to the moment in a meeting with Allawi for the purpose of reaching a final agreement on forming the government," noting that "the insistence of the person charged with not choosing any candidate from the blocs."
He added, "Allawi maintained the benefits of the Iraqi components in his cabinet in independent personalities, and there are still four vacant ministries for which ministers were not chosen, and tomorrow the government formation that includes four women will be completed."
Commenting on the convening of the extraordinary session next Thursday, Al-Ziyadi said, "The Thursday session was determined, but the possibility of holding it is weak." He stressed that "the secret vote is difficult and the devices have problems that have been linked recently and not activated, and we are with the public vote and we will not support the secret vote in the session of granting confidence."
The Secretary-General of the House of Representatives called on the Public Prosecutor to immediately investigate Prime Minister-designate Muhammad Tawfiq Allawi to prove the validity of his allegations or not and to take legal measures in both cases.
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ARTICLE 3-B
Parliament asks the public prosecutor to immediately investigate Allawi over his allegations of payments to the parliament to thwart his government
25/2/2020 22:33
[Baghdad-where]
The General Secretariat of the Council of Representatives called on the Public Prosecutor to immediately investigate the Prime Minister-designate Muhammad Tawfiq Allawi.
According to a document of the parliament, the All Iraq News Agency [Ayn] viewed a copy of it. “We enclose a photocopy of the statement made by {Allawi} and published on his documented page in the application of [Twitter] for social communication in which he claims [the existence of a plan to thwart the government’s pass through paying payments Exorbitant to deputies].
Parliament called on the public prosecutor to "take immediate legal measures regarding what he claimed, open an investigation on the matter to prove the validity of his allegations or not, and take legal measures in both cases according to the provisions of the Iraqi Penal Code No. 111 of 1969 amending and notify us of your actions."
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ARTICLE 4
Parliamentary Health demands Al-Halbousi to subject Allawi and his cabinet to a medical examination to show their safety from the Koruna before entering the parliament
25/2/2020 19:50
[Baghdad-where]
On Tuesday, the head of the Parliamentary Health and Environment Committee, Qutaiba al-Jubouri, demanded not to allow Prime Minister-designate Muhammad Tawfiq Allawi and his government cabinet candidates to enter Parliament before they were subjected to a medical examination to ensure their safety and freedom from the Corona virus.
Al-Jubouri said in a statement received [Wayne] that "the Speaker and his two deputies bear responsibility for the safety of those present at the parliament session that is scheduled to be held next Thursday, for the purpose of voting on the booth of Prime Minister-designate Muhammad Tawfiq Allawi."
He added, “We hope that they will not allow Allawi and members of his government cabinet to enter the parliament building before conducting a medical examination on them because Allawi, according to the information circulated, has gone more than once to Tehran and several Iranian cities during the past days, in addition to that most of the candidates for his ministerial cabinet are of dual nationalities and they came Recently from other countries that have been infected with the Corona virus. ”
He demanded that the Presidency of the Council, "not to allow them to enter the parliament building before a medical examination by a specialized medical detachment from the Ministry of Health to ensure their safety and freedom from Corona virus, in order to prevent the spread of infection in a place that includes many deputies, journalists, employees and service workers."
He added, “We hope that they will not allow Allawi and members of his government cabinet to enter the parliament building before conducting a medical examination on them because Allawi, according to the information circulated, has gone more than once to Tehran and several Iranian cities during the past days, in addition to that most of the candidates for his ministerial cabinet are of dual nationalities and they came Recently from other countries that have been infected with the Corona virus. ”
He demanded that the Presidency of the Council, "not to allow them to enter the parliament building before a medical examination by a specialized medical detachment from the Ministry of Health to ensure their safety and freedom from Corona virus, in order to prevent the spread of infection in a place that includes many deputies, journalists, employees and service workers."
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ARTICLE 5
Other: No extension of Allawi's mandate and 180 representatives attending the special session
2/25/2020 19:19
[Baghdad-where]
The Saeron Alliance ruled out the extension of the mandate of Muhammad Tawfiq Allawi if he failed to gain the confidence of Parliament, while he indicated that more than 180 deputies would vote on the cabinet.
The Saeron Alliance ruled out the extension of the mandate of Muhammad Tawfiq Allawi if he failed to gain the confidence of Parliament, while he indicated that more than 180 deputies would vote on the cabinet.
Member of the Alliance Party, Deputy Rami Al-Sakaini, said in a press statement that "according to the legal and constitutional texts, the term of assignment of Muhammad Tawfiq Allawi will end on the second of next March, indicating that if he fails to obtain the confidence of Parliament before this period, his mandate cannot be extended."
He explained, "According to the constitutional texts, the President of the Republic has to assign another person after the end of Allawi's mandate, and present it to Parliament," pointing out that "The Alliance of Walkers is not supporting Allawi's person but rather the strategy and program of Allawi's government, after reviewing it."
He stressed the need for the cabinet to be independent, attain public satisfaction and demonstration arenas, and include names capable of managing ministries at the very least for a year to correct mistakes.
For his part, the deputy for Saeroon Badr Al-Ziyadi said, "180 deputies will vote for the government of Muhammad Tawfiq Allawi."
Al-Ziyadi said in a press statement: "Allawi enjoys the support of various political blocs, and there are continuous meetings with the Prime Minister-designate," stressing the existence of a tendency to vote on the cabinet in next Thursday's session.
He added that "Representatives representing different political blocs of the Kurds and the Alliance of Forces will attend the session to give confidence to the Allawi government."
It is noteworthy that the House of Representatives formed a Parliamentary Committee chaired by the First Deputy Speaker of the House of Representatives and the membership of each of the deputies Muhammad Al-Sudani and Representative Vian Sabri, and advisers in the House of Representatives, to study the government curriculum before it is presented for voting during the session of granting confidence next Thursday.
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