WOTS MON JAN 25 21
These are the articles I discussed at the podcast https://anchor.fm/dashboard/episode/epg4ef
Allawi sends a message to Joe Biden, reminding him of the Iraqi List victory
The head of the National Coalition, Iyad Allawi, sent a letter to US President John Biden, regarding the current situation in Iraq, as he mentioned the victory of the Iraqi List, during 2010.
Allawi’s message, of which "People" received a copy, (January 23, 2021) said: "We welcome and hope for a clear policy for the United States of America to support stability and moderation in the world and adopt peaceful solutions to regional conflicts in order to enhance stability and world peace."
He added, "Your election comes at a time when the world is suffering from a global crisis due to the global pandemic Corona, the escalation of extremism and terrorism movements in important parts of the world, stagnation, economic decline and lack of justice in different regions of the world, and that Iraq, as you know very well, Mr. President, It has been in decline since the days of the occupation, due to the issuance of harmful laws and the lack of clarity of post-armed conflict policies and the siege imposed on Iraq, but after the results of the 2010 elections in Iraq appeared, the decline accelerated after losing a golden opportunity to initiate a reform that would have reflected the rapid collapse And the dangerous thing that stormed the country and leads it to a bright future. "
Allawi continued, "Unfortunately, the US administration and Iran have agreed to abort the will of the honorable Iraqi people and stand against the winning, patriotic civilian forces, represented by the Iraqiya coalition, despite your personal attempts to amend things, but they did not bear fruit and here we are in 2020, in which Iraq has become a country that lost the way and identity. Where the spread of extremism and terrorism represented by ISIS due to sectarian climates and quotas and the interference of Iran and other countries in the affairs of Iraq, and the increasing influence and activity of some unruly armed militias not only in Iraq but in many parts of the Middle East and their reliance on political assassinations as a means of appropriation and intimidation, as corruption spread and absent Good governance".
The head of the National Coalition pointed out that "the new democracy in Iraq cannot escape the control of illegal militias and armed groups that control some of the ballot boxes and the suppression of large-scale peaceful popular demonstrations with force and excessive violence, and that what the demonstrators who express their opinion are asking for is the rejection of state intervention and the presence of fugitive weapons." And the spread of corruption in all its forms, the growing influence of terrorism and the continued dominance of the political and economic environment that auxiliary to terrorism due to the injustice and injustice that occurred after and before the occupation, and this is something that we have stressed repeatedly with your Excellency and others that the stability of Iraq will lead to the stability of the entire region and vice versa.
Allawi concluded his message that "the United States of America has a legal, moral and political obligation to support Iraq as well as support the region to achieve stability and societal peace.
Transport unveils projects that will be presented as investment opportunities
The Ministry of Transport revealed, on Saturday, the existence of projects that will be presented as investment opportunities and others under study.
General Director of the General Railways Company, Talib Jawad Al-Husseini, confirmed, "The existence of joint cooperation with a Chinese governmental company, which is one of the largest international academic companies specialized in all fields and the implementation of infrastructure and railways," according to Al-Sabah.
He pointed out that "the projects currently being studied by the ministry are the (Basra - Fao) railway line (Basra - Faw - Kut - Baghdad - Baqubah - Kirkuk - Erbil - Mosul - Dohuk - Zakho) and the line (Baghdad - Baquba - Kirkuk - Erbil) Mosul - Dohuk - Zakho).
He added, "The implementation of investment railway projects was discussed within the investment law according to economic feasibility and work to raise the efficiency of the railways, the most important of which is the activation of the Basra-Fao strategic service project, and linking it through the dry canal and the Silk Road with the aim of transporting the goods coming to the port of Faw towards Turkey to Europe at transit fees." .
Al-Husseini pointed to "the company's endeavors to attract sober companies to contribute to the rehabilitation of subsidiary railways within the international standards in order to facilitate the smooth flow of passenger and cargo train
The International Development Bank announces its joining the "Bani" platform
The International Development Bank announced that it has joined the Bani platform for clearing and settling Arab payments.
The bank said in a statement seen by "Al-Eqtisad News", "with unremitting and promising efforts and on the occasion of launching and operating the" Buna Buna "platform for clearing and settling Arab payments owned by the Arab Monetary Fund and starting to implement the business of sending and receiving money in various currencies and after the platform's success in conducting financial transfers in every From Egypt, the United Arab Emirates and Jordan, as a first stage. "
The statement added that "the International Development Bank, as the first Iraqi bank to start its work on this platform, which will allow its customers to send money between Arab countries and in all currencies and to the various markets of the Arab region and abroad with very low commissions, which will include more than 120 Arab banks to its network with the aim of expanding the list of Arab and international currencies." ".
The bank stressed that "work is underway to introduce the Iraqi dinar currency on this platform soon to encourage the use of Arab currencies in financial and investment transactions in accordance with international standards and after the International Development Bank fulfills all operating requirements, which reflects the bright image of Iraqi banks and their competition with Arab banks in applying all modern banking standards." And her signature of the sharing agree
Iraq and Kuwait affirm the necessity of activating reconstruction projects and the outputs of the International Donors Conference
Parliament Speaker Muhammad Al-Halbousi met today, Monday, with his accompanying delegation, His Highness the Emir of the State of Kuwait, Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah.
The meeting discussed cooperation between the two brotherly countries, strengthening bilateral relations, strengthening joint economic relations, activating joint governmental and parliamentary committees between the two countries, and stressing the necessity of activating reconstruction projects and the outcomes of the international donors conference.
He stressed, "During the meeting, Iraq was keen on strengthening relations between the two neighboring brotherly countries in all fields, appreciating Kuwait's stances in support of Iraq."
For his part, His Highness the Amir extended his condolences to the victims of the two bombings that targeted Al-Tayaran Square in Baghdad, expressing the State of Kuwait's condemnation and condemnation of these two actions that targeted the lives of innocent people and destabilized security and stability
The dollar exchange rate on the main stock exchange in Baghdad and Kurdistan province fell slightly on Monday, January 25, 2021
According to a reporter for The Shafq News Agency, the Central Struggle Stock Exchange in Baghdad today recorded 145,600 Iraqi dinars against US$100, the same prices as the Harthiya Stock Exchange in Baghdad.
The Central Struggle Stock Exchange in Baghdad, which opened Sunday morning, recorded 145,650 Iraqi dinars for 100 US dollars.
Our correspondent pointed out that the buying and selling prices stabilized in the banking shops in the local markets in Baghdad where the selling price reached 146,000 Iraqi dinars, while the purchase price reached 145,000 dinars per 100 U.S. dollars.
In Erbil, the capital of Kurdistan province, the dollar also fell, with the selling price at 145,700 dinars per 100 dollars, and the purchase at 145,400 dinars per 100 U.S. dollars.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1436.9000 |  1486.2000 | 1459.1000 | 1458.9000 | 1458.9000 | 1.0000 | 11:29 |
| USD/VND | 23060.0000 | 23080.0000 | 23069.1100 | 23069.0100 | 23069.1100 | -0.1200 | 00:39 |
| USD/CNY | 6.4758 | 6.4778 | 6.4850 | 6.4729 | 6.4807 | -0.0048 | 05:15 |
| USD/KWD | 0.3023 | 0.3033 | 0.3026 | 0.3024 | 0.3026 | -0.0002 | 05:02 |
| GBP/USD | 1.3689 | 1.3693 | 1.3722 | 1.3666 | 1.3684 | 0.0009 | 05:18 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | -914.4000 | 07:13 |
| USD/IDR |  14075.0000 | 14082.0000 | 14088.0000 | 14014.0000 | 14025.0000 | 1.0000 | 05:18 |
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Parliamentary Finance describes its meeting with the regional delegation as positive
Member of the Parliamentary Finance Committee, Representative Shirwan Mirza, counted, on Monday, the committee’s meeting with the Kurdistan Regional Government’s delegation, to discuss the draft federal budget bill for 2021 as "positive."
Mirza said in a press interview, "The meeting was positive and discussed many issues related to the Kurdistan region’s share of the federal budget for 2021."
He added, "The members of the Finance Committee directed some questions to the regional government delegation, which in turn confirmed that he would respond to these questions at the next meeting."
Mirza indicated, "The meetings of the Kurdistan government delegation with the Finance Committee will continue Monday and tomorrow Tuesday to reach an agreement on the outstanding financial files between the Kurdistan Regional Government and the federal government."
A delegation from the Kurdistan Regional Government arrived in Baghdad yesterday evening to discuss the region's share of the federal budget for 2021
Al-Rafidain announces the start of procedures for granting construction loans to employees and citizens
Al-Rafidain Bank announced, on Monday, the start of procedures for granting construction loans on a plot of land to citizens and employees.
The bank’s media office said in a statement that “Al-Iqtisad News” received a copy of it, that “the bank’s branches scattered in Baghdad and the provinces began procedures for granting 50 million dinars loans for construction in a plot of land.”
Al-Masr indicated that "the loan is granted in two installments, and in the event that the borrower wishes, it will be granted in one payment."
Finance Minister: We intend to borrow $ 11 billion this year
Finance Minister Ali Allawi revealed that Iraq is in talks with the International Monetary Fund to obtain a loan of 6 billion dollars to support its faltering economy, indicating that the government is determined to issue treasury bonds worth 5 billion dollars.
Allawi said in an interview with the American "Bloomberg" website, that once the House of Representatives approves the budget and the spending plan, Iraq can apply for two billion dollars in the form of rapid financing from a special mechanism launched by the International Monetary Fund to help economies suffering from the Covid 19 crisis.
He added that Baghdad could request an additional $ 4 billion in low-cost loans through another program linked to government reforms, and while the IMF loans would not cover a small portion of the deficit, they might reduce Iraq's depletion of its foreign reserves.
Iraq also plans to rely on other financing tools to help bridge the gap, with Allawi saying that once the budget is approved, the government will also move to issue domestic bonds worth $ 5 billion.
As for the issuance of international bonds, the Minister of Finance said: "International loans are somewhat expensive. I do not know if there is a desire to buy Iraqi bonds. Returning to these markets now is a bit difficult."
Allawi indicated that Iraq will respect the quota set for oil production within the OPEC + alliance because it helps reduce the risk of a price collapse.
He praised Saudi Arabia's sudden production cut by one million barrels this month, which helped oil prices rise.
Allawi said that Iraq's budget deficit may shrink by 25% this year if oil prices remain around their current levels of $ 55 a barrel.
An alert from an economist: Iraq will lose 3 quarters of its hard currency holdings within 3 years in this case
The specialist in economic affairs, Ali Jabbar Al-Freji, warned that Iraq would lose 75% of its hard currency holdings as negative consequences for the borrowing policy.
Al-Freiji said in a press statement that "the monetary reserve from the foreign currency of Iraq will drop to 14.3 billion dollars in 2024, if the government continues to borrow."
He added that "the Bloomberg International Economic Agency issued an annual report indicating that the Iraqi economy suffers from many disturbances, accompanied by financial mismanagement, according to the readings of the International Monetary Fund and the World Bank."
He pointed out that "the Iraqi governments, if they continued with the same approach and manner of managing the country's capabilities and wealth and continuing to borrow, the rate of Iraqi foreign exchange reserves would drop from 53.4 billion dollars to 14.3 billion dollars in 2024."
Al-Freiji called on the government to pay attention to this issue, reduce external borrowing, restore the country's strategic plans for the coming years, and maximize the state's non-oil financial resources.
"ISIS" is entering the stage of political investment in Iraq
Strengthening security in Baghdad coinciding with rumors of "15 suicide bombers"
In the aftermath of the bloody and harsh "Tayaran Square" bombing in Baghdad on Thursday, after years of calm, rumors spread, accompanied by videos or voices, of what they were said were leaders in ISIS. The focus of the rumors that spread throughout the Iraqi capital is the presence of more than 15 suicide bombers roaming the streets of Baghdad and they will target certain densely populated areas on the Karkh and Rusafa sides of the city. In order for the rumors to become more believable, video and audio clips, some of which were circulated by leaders of the organization, were vowing to vow misfortune, aggravation, and ills.
The striking paradox is that some of the audio clips date back to 2016, while others who spoke in them appeared to have been killed or died years ago. The responsible Iraqi authorities started yesterday to take strict measures in Baghdad in line with these rumors.
While the organization began to consolidate its position after a series of bombings and accidents during the past months, including two operations that were close to Baghdad (Operation Tarmiyah northwest of Baghdad) and (Al-Radwaniyah southwest of Baghdad), it entered the stage of political investment with the start of the election season early and the developments of the American-Iranian conflict after Joe Biden takes office. Whether the organization itself wants to exploit this ideal atmosphere in its favor, or whether internal or external political parties seek to exploit the atmosphere of chaos in their favor, "ISIS" is the only one that does not lose anything in any confrontation on the grounds that its project is not related to Iraqi internal elections or Iranian-American negotiations .
And on what ISIS looked like in recent times, starting from the suicide bombing of the aviation yard to the military exposure in Salah al-Din Governorate, and whether this represents a variable in the organization’s plans or a security failure, retired Major General Imad Alou, an advisor to the European Center for Combating Terrorism, said in an interview with “ Asharq Al-Awsat »It can be said that the two are together; There is a clear change in the plans and objectives of (ISIS) as well as security faltering due to confusion and distraction from what the Green Zone, the US embassy and the logistical support convoys are exposed to. Alou added that “ISIS aims to manage a long-term guerrilla war to exhaust the forces and security services, and the escalation and qualitative development in the operations of (ISIS) confirm what we mentioned previously and alerted us to that the large-scale conventional military operations have not succeeded in restraining the terrorist organization because it is exposed, expensive and not a means. To counter the guerrilla style ».
The Major General continued: “And before all that we have mentioned, it is necessary to review the methods of coordination and cooperation between the Popular Mobilization Forces, the army, the Federal Police and the rest of the support groups through a joint staff that follows the principle of unity of command and control, in addition to coordinating the efforts and capabilities of rapid reaction to any terrorist attacks. », Explaining at the same time that“ the political forces that have armed arms do not wish at the present time to give up their control over their armed forces and place them under effective control and the leadership and conduct of the Commander in Chief of the Armed Forces. ”
Regarding whether the recent "ISIS" operations are a prelude to other operations, Major General Alo said, "It is expected that more security breaches will occur if the security confusion continues and the Katyushas continue to be exposed to US interests, which leads us to many other questions about the beneficiaries of the return of terrorist bombings" To Iraqi cities
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
Parliamentary Finance: Next week will witness the vote on the budget law
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