WOTS THU May 6 21
The articles I covered on the My FX Buddies podcast are below:
Washington affirms its desire to develop relations with the Kurdistan Region as an “important ally” in the region
The US administration confirmed, on Wednesday, its desire to strengthen relations with the Kurdistan Region as an important ally of the United States in the regional region, pledging to continue supporting the Peshmerga forces to confront ISIS.
The media office of the President of the Kurdistan Regional Government, Masrour Barzani, said, in a statement received by Shafaq News, that the latter received in his office in Erbil Governorate, an American delegation that included the US State Department advisor, Derek Chollet, the White House coordinator for Middle East and North Africa affairs, Brett McGurk, and Acting Assistant Secretary State Department for Near Eastern Affairs, Joy Hood, and Deputy Assistant Secretary of Defense for Middle Eastern Affairs Dana Stroll.
He indicated that during the meeting, which was attended by Vice President of the Regional Government, Qubad Talabani, they discussed ways to strengthen relations between the Kurdistan Region and the United States, as well as discuss the latest developments in the situation in Iraq and the region.
The delegation conveyed the greetings of President Joe Biden to the Prime Minister of Kurdistan, and indicated that his visit is an affirmation of Biden and the US government’s desire to consolidate relations with the region, which is “an important ally of the United States in the region.”
The delegation praised the reform process initiated by the Kurdistan Regional Government, especially reforms in the Ministry of Peshmerga, and reiterated the emphasis on the United States and the international coalition continuing to support the Peshmerga forces to confront terrorist threats, especially those represented by ISIS.
For his part, the Prime Minister of the Kurdistan Region expressed his gratitude and appreciation to President Biden and the support of the US government, expressing the Kurdistan Region’s readiness to develop bilateral relations with the United States.
According to the statement, the meeting dealt with relations between the Kurdistan Region and the federal government and the upcoming Iraqi elections, in addition to the strategic dialogue between Iraq and the United States and the importance of implementing the Sinjar Agreement.
The US administration confirmed, on Wednesday, its desire to strengthen relations with the Kurdistan Region as an important ally of the United States in the regional region, pledging to continue supporting the Peshmerga forces to confront ISIS.
The media office of the President of the Kurdistan Regional Government, Masrour Barzani, said, in a statement received by Shafaq News, that the latter received in his office in Erbil Governorate, an American delegation that included the US State Department advisor, Derek Chollet, the White House coordinator for Middle East and North Africa affairs, Brett McGurk, and Acting Assistant Secretary State Department for Near Eastern Affairs, Joy Hood, and Deputy Assistant Secretary of Defense for Middle Eastern Affairs Dana Stroll.
He indicated that during the meeting, which was attended by Vice President of the Regional Government, Qubad Talabani, they discussed ways to strengthen relations between the Kurdistan Region and the United States, as well as discuss the latest developments in the situation in Iraq and the region.
The delegation conveyed the greetings of President Joe Biden to the Prime Minister of Kurdistan, and indicated that his visit is an affirmation of Biden and the US government’s desire to consolidate relations with the region, which is “an important ally of the United States in the region.”
The delegation praised the reform process initiated by the Kurdistan Regional Government, especially reforms in the Ministry of Peshmerga, and reiterated the emphasis on the United States and the international coalition continuing to support the Peshmerga forces to confront terrorist threats, especially those represented by ISIS.
For his part, the Prime Minister of the Kurdistan Region expressed his gratitude and appreciation to President Biden and the support of the US government, expressing the Kurdistan Region’s readiness to develop bilateral relations with the United States.
According to the statement, the meeting dealt with relations between the Kurdistan Region and the federal government and the upcoming Iraqi elections, in addition to the strategic dialogue between Iraq and the United States and the importance of implementing the Sinjar Agreement.
Al-Kazemi and the French ambassador are discussing facilitating the work of French companies in Iraq
Discussed the Prime Minister, Mustafa Al-Kazemi, and the French ambassador to Iraq, Bruno Hubert, on Wednesday, to facilitate the work of French companies in the country.
The media office of the Prime Minister stated, in a statement that Mawazine News received a copy of, that “Al-Kazemi received the French ambassador in Iraq, Bruno Hubert,” pointing out that “the meeting reviewed the bilateral relations between the two countries, in addition to discussing a number of issues and files of interest. Subscriber. "
The two sides discussed "joint bilateral cooperation between Baghdad and Paris, and means of enhancing and developing it in the economic, security and cultural fields, as well as cooperation in the field of investment and facilitating the work of French companies in Iraq."
Discussed the Prime Minister, Mustafa Al-Kazemi, and the French ambassador to Iraq, Bruno Hubert, on Wednesday, to facilitate the work of French companies in the country.
The media office of the Prime Minister stated, in a statement that Mawazine News received a copy of, that “Al-Kazemi received the French ambassador in Iraq, Bruno Hubert,” pointing out that “the meeting reviewed the bilateral relations between the two countries, in addition to discussing a number of issues and files of interest. Subscriber. "
The two sides discussed "joint bilateral cooperation between Baghdad and Paris, and means of enhancing and developing it in the economic, security and cultural fields, as well as cooperation in the field of investment and facilitating the work of French companies in Iraq."
Targeting a convoy of American forces with an explosive device in western Iraq
Today, an improvised explosive device (IED) detonated targeting a convoy of American forces in Anbar Province, western Iraq.
An Iraqi security source told Alsumaria News: An explosive device targeted a logistical support convoy of the international coalition on the international highway leading to Anbar.
The provinces of central and southern Iraq have been witnessing for months continuous targeting by US forces, by improvised explosive devices, causing losses and damages.
Today, an improvised explosive device (IED) detonated targeting a convoy of American forces in Anbar Province, western Iraq.
An Iraqi security source told Alsumaria News: An explosive device targeted a logistical support convoy of the international coalition on the international highway leading to Anbar.
The provinces of central and southern Iraq have been witnessing for months continuous targeting by US forces, by improvised explosive devices, causing losses and damages.
The Pentagon: We will respond to attacks against our forces in Iraq at a time and place of our choosing
Commenting on the attacks targeting US forces ’deployment sites in Iraq, Pentagon spokesman John Kirby said during a press conference held Wednesday:“ Protecting our forces is our No. 1 priority, and if we believe that there is a need to respond in any way, we will do so in time. And the place that we choose, no one wants such attacks to happen and we are following them very closely. "
"We are committed to our mission in Iraq, which is being implemented at the invitation of the Iraqi government to help it fight ISIS, which we still consider to be a vital mission," Kirby added.
And military sites in Iraq, which host American forces active in the framework of the international coalition operations against "ISIS", are subjected to constant attacks, and the United States accuses the "Popular Mobilization" factions, linked to Iran, of being behind these operations.
Representative economics: bureaucracy and red tape have delayed the launch of investment projects
On Wednesday, the Parliamentary Economic Committee considered that what it described as the "bureaucracy and red tape" adopted by the state delayed the launch of many investment projects, while it praised the government's decision to cancel the licenses of "delayed projects
Committee Chairman Ahmed Salim Al-Kinani said in a statement, "We commend the government’s decision to cancel delayed project licenses," adding that "the bureaucracy and red tape adopted by the state has delayed the launch of many investment projects."
Al-Kinani called for "a distinction between the real lagging investor who fulfilled all the legal conditions and did not initiate the investment project without a real excuse calling for delaying work, and between the investor who delayed the bureaucracy of administrative work in dealing with the investor, the launch of his project.
The head of the Parliamentary Economic and Investment Committee also called on the government and the Investment Authority to "pay attention to the decision to cancel project licenses, because they may arrange punitive money on the state that investors earn in the event that evidence is presented to the courts, that state departments are behind the delay in granting permits and fundamental approvals to start the project
China: Trade exchange with Iraq reached more than 30 billion dollars in 2020
China announced, on Wednesday, that trade exchange with Iraq reached more than 30 billion dollars in 2020, indicating that China imported more than 60 million tons of oil during the past year.
"Trade exchange between China and Iraq reached more than 30 billion and 200 million dollars in 2020, down from 53 billion and 300 million dollars in 2019," said the commercial advisor at the Chinese embassy in Baghdad, "Xu Chun" in a hypothetical press conference attended by Shafaq News Agency. "The drop came as a result of lower global oil prices."
He added that "Chinese exports to Iraq decreased during the year 2020 as a result of the repercussions of the Corona epidemic, which led to the deterioration of Chinese exports to Iraq, which amounted to 10 billion and 924 million dollars, a decrease of 15.5%."
And he continued by saying, "China imported during the past year 60 million and 120 thousand tons (422 million and 940 thousand barrels), an increase of 16.1%," noting that "Chinese oil imports from Iraq constitute 11% of all its imports from the countries of the world, which is thus It is still the third largest oil exporter to China.
He pointed out that "Iraq is the largest investment site in the region or among the Arab countries," noting that "Chinese companies have invested in the oil sector during the past 15 years, as they launched the first oil investment project with Iraq in the Ahdab field after 2003, and China was able to operate "The project has succeeded and achieved and reached peak production according to the agreement stipulated in the contract. Chinese companies also worked in the Halfaya oil field and established the first oil transportation line in the field to handle crude transportation in one go."
Ren said, "The Chinese companies that have invested in Iraq not only contribute to promoting the economic development of Iraq, but also contribute to improving the people's livelihood in Iraq," noting that "these companies during the past ten years have spent more than 50 million dollars on charitable projects from education and water supply and created More than 40 thousand job opportunities for the Iraqis, and the percentage of Iraqi workers working in these companies exceeded 88% of the total workers working in these projects, and the companies paid taxes to the Iraqi side, the amounts of which amount to one billion and 780 million dollars.
He stressed that "Chinese companies participated and worked pivotal in the electricity sector, where the total energy achieved by these companies is 7 thousand and 400 megawatts, especially the Wasit thermal plant established by one of the Chinese companies, which is the first station completed after 2003," indicating that "this station progresses and blocks 70 % Of Baghdad’s electrical energy needs, and it meets 30% of the energy needs of Iraq as a whole.
Foreign Minister: We are working to diversify the economic partnerships of Iraq
Today, Thursday, Minister of Foreign Affairs, Fuad Hussein, stressed work to diversify economic partnerships for Iraq.
A statement by the ministry stated, "Foreign Minister Fuad Hussein met in the Italian capital, Rome, a group of Arab and foreign media professionals, in the presence of the Ambassador of the Republic of Iraq to Italy, Safia Al-Suhail."
He added, "During the meeting, the most important results of the visit to Rome and the Vatican were reviewed, as well as his meetings with the Pope and officials in both Italy and the Vatican," he added.
The minister thanked "the historic visit of His Holiness to Iraq, following up on the results of the visit, discussing the topic of interfaith dialogue and encouraging religious tourism to the historic city of Ur, as well as discussing issues of common interest, and bilateral relations between Iraq and a metropolitan state of Vatican and Italy."
Hussein stressed "the importance of the media conveying the true picture of Iraq, which is in a stable security situation, and this is demonstrated by the historic visit of His Holiness the Pope, who visited many Iraqi cities, especially after the Iraqi lands that were seized by the terrorist organization ISIS were regained and defeated militarily."
According to the statement, "The minister discussed during the meeting the latest political and economic developments in Iraq and the Iraqi government's endeavor to overcome the financial difficulties that resulted from the drop in global oil prices, and the economic stagnation that most countries of the world suffer from due to the Corona pandemic, and the government's orientation towards strengthening the role of the private sector." And increase investments to support the Iraqi economy.
Commenting on the attacks targeting US forces ’deployment sites in Iraq, Pentagon spokesman John Kirby said during a press conference held Wednesday:“ Protecting our forces is our No. 1 priority, and if we believe that there is a need to respond in any way, we will do so in time. And the place that we choose, no one wants such attacks to happen and we are following them very closely. "
"We are committed to our mission in Iraq, which is being implemented at the invitation of the Iraqi government to help it fight ISIS, which we still consider to be a vital mission," Kirby added.
And military sites in Iraq, which host American forces active in the framework of the international coalition operations against "ISIS", are subjected to constant attacks, and the United States accuses the "Popular Mobilization" factions, linked to Iran, of being behind these operations.
Representative economics: bureaucracy and red tape have delayed the launch of investment projects
On Wednesday, the Parliamentary Economic Committee considered that what it described as the "bureaucracy and red tape" adopted by the state delayed the launch of many investment projects, while it praised the government's decision to cancel the licenses of "delayed projects
Committee Chairman Ahmed Salim Al-Kinani said in a statement, "We commend the government’s decision to cancel delayed project licenses," adding that "the bureaucracy and red tape adopted by the state has delayed the launch of many investment projects."
Al-Kinani called for "a distinction between the real lagging investor who fulfilled all the legal conditions and did not initiate the investment project without a real excuse calling for delaying work, and between the investor who delayed the bureaucracy of administrative work in dealing with the investor, the launch of his project.
The head of the Parliamentary Economic and Investment Committee also called on the government and the Investment Authority to "pay attention to the decision to cancel project licenses, because they may arrange punitive money on the state that investors earn in the event that evidence is presented to the courts, that state departments are behind the delay in granting permits and fundamental approvals to start the project
China: Trade exchange with Iraq reached more than 30 billion dollars in 2020
China announced, on Wednesday, that trade exchange with Iraq reached more than 30 billion dollars in 2020, indicating that China imported more than 60 million tons of oil during the past year.
"Trade exchange between China and Iraq reached more than 30 billion and 200 million dollars in 2020, down from 53 billion and 300 million dollars in 2019," said the commercial advisor at the Chinese embassy in Baghdad, "Xu Chun" in a hypothetical press conference attended by Shafaq News Agency. "The drop came as a result of lower global oil prices."
He added that "Chinese exports to Iraq decreased during the year 2020 as a result of the repercussions of the Corona epidemic, which led to the deterioration of Chinese exports to Iraq, which amounted to 10 billion and 924 million dollars, a decrease of 15.5%."
And he continued by saying, "China imported during the past year 60 million and 120 thousand tons (422 million and 940 thousand barrels), an increase of 16.1%," noting that "Chinese oil imports from Iraq constitute 11% of all its imports from the countries of the world, which is thus It is still the third largest oil exporter to China.
He pointed out that "Iraq is the largest investment site in the region or among the Arab countries," noting that "Chinese companies have invested in the oil sector during the past 15 years, as they launched the first oil investment project with Iraq in the Ahdab field after 2003, and China was able to operate "The project has succeeded and achieved and reached peak production according to the agreement stipulated in the contract. Chinese companies also worked in the Halfaya oil field and established the first oil transportation line in the field to handle crude transportation in one go."
Ren said, "The Chinese companies that have invested in Iraq not only contribute to promoting the economic development of Iraq, but also contribute to improving the people's livelihood in Iraq," noting that "these companies during the past ten years have spent more than 50 million dollars on charitable projects from education and water supply and created More than 40 thousand job opportunities for the Iraqis, and the percentage of Iraqi workers working in these companies exceeded 88% of the total workers working in these projects, and the companies paid taxes to the Iraqi side, the amounts of which amount to one billion and 780 million dollars.
He stressed that "Chinese companies participated and worked pivotal in the electricity sector, where the total energy achieved by these companies is 7 thousand and 400 megawatts, especially the Wasit thermal plant established by one of the Chinese companies, which is the first station completed after 2003," indicating that "this station progresses and blocks 70 % Of Baghdad’s electrical energy needs, and it meets 30% of the energy needs of Iraq as a whole.
Foreign Minister: We are working to diversify the economic partnerships of Iraq
Today, Thursday, Minister of Foreign Affairs, Fuad Hussein, stressed work to diversify economic partnerships for Iraq.
A statement by the ministry stated, "Foreign Minister Fuad Hussein met in the Italian capital, Rome, a group of Arab and foreign media professionals, in the presence of the Ambassador of the Republic of Iraq to Italy, Safia Al-Suhail."
He added, "During the meeting, the most important results of the visit to Rome and the Vatican were reviewed, as well as his meetings with the Pope and officials in both Italy and the Vatican," he added.
The minister thanked "the historic visit of His Holiness to Iraq, following up on the results of the visit, discussing the topic of interfaith dialogue and encouraging religious tourism to the historic city of Ur, as well as discussing issues of common interest, and bilateral relations between Iraq and a metropolitan state of Vatican and Italy."
Hussein stressed "the importance of the media conveying the true picture of Iraq, which is in a stable security situation, and this is demonstrated by the historic visit of His Holiness the Pope, who visited many Iraqi cities, especially after the Iraqi lands that were seized by the terrorist organization ISIS were regained and defeated militarily."
According to the statement, "The minister discussed during the meeting the latest political and economic developments in Iraq and the Iraqi government's endeavor to overcome the financial difficulties that resulted from the drop in global oil prices, and the economic stagnation that most countries of the world suffer from due to the Corona pandemic, and the government's orientation towards strengthening the role of the private sector." And increase investments to support the Iraqi economy.
Advisor Al-Kazemi: The government has succeeded in filling the deficit gap and facing the recession within a year
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Thursday, the economic challenges that the government faced, while noting that it had succeeded in closing the deficit gap and facing recession within a year of its life.
Saleh said, "The fiscal year 2020 was one of the most difficult years the country has gone through after the dual crisis (security and financial) in 2014, as the GDP decline was accompanied by a negative 10 to 11% due to the decline in oil import revenues by more than 40% of Its traditional similar flows in 2019, as a result of the oil price war and the OPEC Plus agreement regarding reducing the quotas of member countries to remove the oil glut that exceeded 10% of the global oil market needs, in addition to the closure of local economic facilities and disruption of production facilities due to the pandemic and the rise in unemployment to about 25% Of labor force in a market economy. "
Saleh added that "public finances continued to face the double crisis (health and economic) by working in managing public expenditures and public revenues with high accuracy and effort without the presence of legislation legislation for the federal public budget 2020, and it is facing the challenge of the severity of financial and economic shocks (external and internal) and their severe effects on the sustainability Fiscal policy throughout those lean months. "
He continued, "The financial management has continued to work according to the contexts provided by the enforceable financial management law, while it is facing a deficit in the monthly revenues that are not sufficient to cover the financing of actual current expenditures at the rate of 1/12 of the general budget for the year 2019, based on the rules of operation of the Financial Management Law in effect." "The cash assets available from monthly revenues did not increase at that time (2019) from 4 trillion dinars per month and perhaps less, while current expenditures payable remained more than 7 trillion dinars, whether from salaries, pensions and social welfare, or the payment of farmers, contractors and services. Debts and energy purchases of various forms, obligatory for repayment. "
Regarding facing these challenges, Saleh asserted that "public finances had no choice in closing the deficit gap of payable expenses except by resorting to internal borrowing priorities that supported the government banking system in general and the Central Bank of Iraq in particular in implementing the two borrowing laws that were legislated in the House of Representatives." As an alternative to the General Budget Law 2020. "
Saleh stated that "the Iraqi banking system provided liquid financial resources that contributed to bridging the financial deficit gap and facing the sharp economic downturn represented by (deteriorating economic growth, high unemployment and a decline in the general level of prices) with liquid resources amounting to about 27 trillion dinars in the year 2020, which is in the form of internal debts financed by the agency. The government banker is exclusively the case (which is equivalent to debts from government financial institutions to the government itself. "
The government advisor considered that "the Ministry of Finance has succeeded in overcoming the financial stress tests that the country was subjected to with all its economic variables in the year 2020, despite the gravity and risks of the domestic and global economic situation together."
Parliamentary Bloc: Abstention in the next elections could reach 70%
head of the Bayariq Al-Khair Parliamentary Bloc, MP Muhammad Al-Khalidi, confirmed, on Thursday, that the voters ’reluctance may reach 70% due to the biometric card.
“One of the most important factors for the integrity of the upcoming elections scheduled for next October is the use of the biometric card because it will put an end to the fraud that was behind the frequent failures of the political process, especially after the 2018 elections.”
He added, "Not using the biometric card in a comprehensive manner in the elections and avoiding the blind card, ie the regular card, will lead to a great reluctance to voters that may reach 70% or more."
Al-Khalidi indicated that "the election date can be changed to a later time until the biometric update is completed to ensure that the card is the only way to cast votes because the blind card has many negative indicators."
head of the Bayariq Al-Khair Parliamentary Bloc, MP Muhammad Al-Khalidi, confirmed, on Thursday, that the voters ’reluctance may reach 70% due to the biometric card.
“One of the most important factors for the integrity of the upcoming elections scheduled for next October is the use of the biometric card because it will put an end to the fraud that was behind the frequent failures of the political process, especially after the 2018 elections.”
He added, "Not using the biometric card in a comprehensive manner in the elections and avoiding the blind card, ie the regular card, will lead to a great reluctance to voters that may reach 70% or more."
Al-Khalidi indicated that "the election date can be changed to a later time until the biometric update is completed to ensure that the card is the only way to cast votes because the blind card has many negative indicators."
Saleh: Iraq has a long-term challenge to political and economic recovery
link
The President of the Republic, Barham Salih, affirmed, on Wednesday, that Iraq faces a long-term challenge to political and economic recovery.
Saleh said, in his speech during the "Beirut Institute Summit," that "Iraq faces a long-term challenge to political and economic recovery," stressing that "Iraq is facing regional tensions, but we see signs of the spread of this conflict in the region and Iraq is trying to gather the conflicting parties."
He stressed, "Iraq cannot be weak, nor can we plunge into conflict," noting that "most Iraqis want to move forward with the help of our partners and friends in the region in order to build a stable and prosperous Iraq.
The regular daily WOTS "Word on the Street" Report is below:
The exchange rates of the dollar against the dinar rose in the Iraqi market today, Thursday.The exchange rates reached:Baghdad - Al-Kifah Stock Exchange148,350In banking (approx.)Purchase of 147,750Sale 148,750
The Markets:The Asian markets closed mixed NIK up by 1.83% HSI up by .77% SHANG down by .16%The UK markets are currently trading in the red mostly from .01% to .92% FTSE up by .10% Our futures are currently trading in the green DOW at 34150 up by .09% SNP at 4163.50 up by .08% NDX at 13514.25 down by .17%
Precious Metals:Gold is green at 1793 Silver is green at 26.80 Copper is green at 455 Platinum is green at 1238 Brent 68 WTI 65 Bitcoin: 58,348 10 yr yield: 1.57
Favorite Currencies Forex Quotes
Symbol Bid Ask High Low Open Change Time USD/IQD 
1460.0000 1465.0000 1457.7000 1457.3000 1457.3000 
0.0000 16:00 USD/VND 23067.0000 23070.0000 23043.6500 23041.9200 23041.9200 3.1300 00:35 USD/CNY 
6.4705 6.4725 6.4823 6.4713 6.4726 -0.0012 05:28 USD/KWD 0.3009 0.3019 0.3011 0.3010 0.3011 -0.0002 05:14 GBP/USD 1.3913 1.3914 1.3922 1.3885 1.3905 0.0009 05:28 USD/IRR 42000.0000 42210.0000 42097.5000 42097.5000 42097.5000 0.0000 00:00 USD/IDR 14312.0000 14313.0000 14421.0000 14288.0000 14399.0000 -86.0000 05:25
Things in the News:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | 1460.0000 | 1465.0000 | 1457.7000 | 1457.3000 | 1457.3000 | 0.0000 | 16:00 |
| USD/VND | 23067.0000 | 23070.0000 | 23043.6500 | 23041.9200 | 23041.9200 | 3.1300 | 00:35 |
| USD/CNY | 6.4705 | 6.4725 | 6.4823 | 6.4713 | 6.4726 | -0.0012 | 05:28 |
| USD/KWD | 0.3009 | 0.3019 | 0.3011 | 0.3010 | 0.3011 | -0.0002 | 05:14 |
| GBP/USD | 1.3913 | 1.3914 | 1.3922 | 1.3885 | 1.3905 | 0.0009 | 05:28 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14312.0000 | 14313.0000 | 14421.0000 | 14288.0000 | 14399.0000 | -86.0000 | 05:25 |
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Iraqi Articles:The rise in oil prices due to lower US inventories and higher consumption
Oil prices rose, on Thursday, to reach $ 70 a barrel, with the decline in US stocks and the rise in consumption, even as India, affected by the virus, is fighting.
Oil rose in 2021 as major economies including the United States and China recovered from the impact of the epidemic, increasing energy demand, while India, the main crude oil importer, grapples with a record coronavirus wave that has dampened economic activity.
Brent crude in July rose 0.25% to $ 69.13 a barrel on the ICE Futures Exchange at 05:26, and on Wednesday, prices were at $ 69.95.
West Texas Intermediate crude for June delivery rose 0.2% to $ 65.79 a barrel on the New York Mercantile Exchange.
In the United States, government data showed that crude oil inventories shrank by about eight million barrels last week and exports increased, but gasoline inventories rose for the fifth week in a row. Separately, the country's pent-up travel demand is expected to lead to a 30% jump in jet fuel use this summer.
Rasheed Bank decides to grant this non-resident category a personal advance on their salaries
On Thursday, Rasheed Bank decided to grant officers of the Ministries of Defense, Interior, National Security and Non-Residency their salaries a personal advance.
The media office stated in a statement received by Shafaq News that it had been approved to grant officers of the Ministries of Defense, Interior, National Security and non-citizenship their salaries a personal advance, indicating that “the amount of the advances is (5,8,10) according to the limits of the net salary."
He added, "One of the conditions set by the bank is that the beneficiary undertakes to settle his salary with the bank in the future."
It is noteworthy that the bank earlier launched personal advances to employees of the security ministries electronically on the condition of resettlement.
Grocery Prices Up Steeply From Same Time Last Year...
The rise in oil prices due to lower US inventories and higher consumption
Oil prices rose, on Thursday, to reach $ 70 a barrel, with the decline in US stocks and the rise in consumption, even as India, affected by the virus, is fighting.
Oil rose in 2021 as major economies including the United States and China recovered from the impact of the epidemic, increasing energy demand, while India, the main crude oil importer, grapples with a record coronavirus wave that has dampened economic activity.
Brent crude in July rose 0.25% to $ 69.13 a barrel on the ICE Futures Exchange at 05:26, and on Wednesday, prices were at $ 69.95.
West Texas Intermediate crude for June delivery rose 0.2% to $ 65.79 a barrel on the New York Mercantile Exchange.
In the United States, government data showed that crude oil inventories shrank by about eight million barrels last week and exports increased, but gasoline inventories rose for the fifth week in a row. Separately, the country's pent-up travel demand is expected to lead to a 30% jump in jet fuel use this summer.
Rasheed Bank decides to grant this non-resident category a personal advance on their salaries
On Thursday, Rasheed Bank decided to grant officers of the Ministries of Defense, Interior, National Security and Non-Residency their salaries a personal advance.
The media office stated in a statement received by Shafaq News that it had been approved to grant officers of the Ministries of Defense, Interior, National Security and non-citizenship their salaries a personal advance, indicating that “the amount of the advances is (5,8,10) according to the limits of the net salary."
He added, "One of the conditions set by the bank is that the beneficiary undertakes to settle his salary with the bank in the future."
It is noteworthy that the bank earlier launched personal advances to employees of the security ministries electronically on the condition of resettlement.
The Financial Committee excludes preparing a supplementary budget for the current year
A member of the Parliamentary Finance Committee ruled out, on Thursday, preparing a supplementary budget for the federal budget for the current year.
A member of the committee, a member of the Patriotic Union of Kurdistan, Shirwan Mirza, said, "The time is not enough to prepare and approve a supplementary budget," noting that "the elections will take place next October and there is no time to prepare and approve the supplementary budget."
He added, "The date for the elections in the tenth month also means that the current parliament will not discuss the draft federal budget law for the next year as well."
A member of the Parliamentary Finance Committee ruled out, on Thursday, preparing a supplementary budget for the federal budget for the current year.
A member of the committee, a member of the Patriotic Union of Kurdistan, Shirwan Mirza, said, "The time is not enough to prepare and approve a supplementary budget," noting that "the elections will take place next October and there is no time to prepare and approve the supplementary budget."
He added, "The date for the elections in the tenth month also means that the current parliament will not discuss the draft federal budget law for the next year as well."
Jordan invites an oil tender for Iraq
The Jordanian Ministry of Energy and Mineral Resources announced, on Thursday, the launch of a tender to transport crude oil from the loading site in Iraq to the Jordanian oil refinery site in Zarqa, at a rate of 10 thousand barrels per day.
The ministry has set the deadline for obtaining a copy of the bidding documents and submitting inquiries on May 27, and the deadline for submitting bids is twelve noon on the third Thursday of next June.
The Jordanian ministry indicated that the value of the bid copy is 500 dinars, while the bid bond is 500,000 dinars.
CBI Update: Just a note:
The Jordanian Ministry of Energy and Mineral Resources announced, on Thursday, the launch of a tender to transport crude oil from the loading site in Iraq to the Jordanian oil refinery site in Zarqa, at a rate of 10 thousand barrels per day.
The ministry has set the deadline for obtaining a copy of the bidding documents and submitting inquiries on May 27, and the deadline for submitting bids is twelve noon on the third Thursday of next June.
The Jordanian ministry indicated that the value of the bid copy is 500 dinars, while the bid bond is 500,000 dinars.
CBI Update: Just a note:
including $13,300,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
5-5-2021 Intel Guru MarkZ [via PDK] [Does this time really feel different from other times we were close?] Absolutely…massive difference…even in Iraq . Before they did not have a legal framework in place or had not been forgiven by many countries on their debt. They are not waiting for anything now but being tied to the gold standard.
5-4-2021 Newshound/Intel Guru Mnt Goat I will tell you one thing for sure we can’t count on Ramadan as a target to let the RV happen. We never could...Every year we hear the same old crap...“Ramadan is the holiday of giving, so the CBI is going to give the people the revaluation.” ...This is pure speculation...with NO FACTS to back it up...Just so you know Ramadan began in mid-April and so where is the RV? The upcoming Eid al-Fitr holiday is May 12 to Sunday May 19 and nothing is planned for an RV by the CBI. Don’t you think they would have announced some plan by now to educate the people, if this was the case?
5-5-2021 Intel Guru Frank26 You know that there is a massive campaign coming. But before that happens, the process, the steps that are occurring are extremely important...the Iraqi dinar right now is pegged to the American dollar...one of the things that's in this process is the Iraqi dinar has to un-peg from the American dollar...You want an international rate? That's why they have to un-peg in order for the the dinar to leave the country at 1 to 1 and then peg to the American dollar inside a basket...
5-5-2021 Intel Guru Bruce [via WiserNow] ...there’s not a whole lot of information to bring...where we were on last Thursday... was in an anticipation for something to happen this week – Now I hate the banned phrase - “This is the week” or even “This is the weekend” – because I remember we were told this was going to be the weekend last weekend – for things to happen...We thought they had the green light last weekend – but there is no evidence of it at this point – so it’s a little bit of a hurry up and wait...There is not a whole lot that we need except notifications...we’re just waiting to be notified...It’s possible we get notified tomorrow – It’s possible!!
5-5-2021 Intel/Newshound Guru Holly Per Frank26... He said it is happening. He has a list of 14 things that he said they are working on that require the rate change such as contracts. He also mentioned tourism and a couple of others. I think his big message was that Iraq will depeg from the dollar. When that happens the rate will be 1:1 in country and will float internationally. He said he was very comfortable that it is happening.
5-5-2021 Intel Guru MarkZ [via PDK] [I heard the RV should happen by the 17th.] Most of my banking contacts say no later than that. But they are disappointed they did not see it last night. They very much expected it over night last night. Bankers had a lot of anticipation for last night that I did not share with you all…but, there is a mad push to be done by mid-May.
5-5-2021 Newshound/Intel Guru Mnt Goat Article: "PROVINCE’S INVESTMENT: ANBAR INTERNATIONAL AIRPORT WILL BE THE LARGEST IN IRAQ" like I said before, the plans for Iraq is for a central hub of commerce and trade. We see it slowly taking place. Airports are big in this vision for Iraq.
5-5-2021 Intel Guru Frank26 Everyone says, 'Oh, no this dinar is not a taxable item.' Really? When did you ever see Uncle Sam tell you, 'You can go ahead, earn money and keep it all.' Never. Don't be naive. Don't go for that hopium that other places are telling you, 'Oh, you never have to pay taxes on it..' It's all lies. I told you before Biden became president... everything he tells you about taxation is lies. And sure enough...ta-da...Now after he's become president he's going to destroy you financially...you need to defend yourself... [NOTE: At the appropriate time for you, consult your financial and tax professionals about your unique financial situation.]
5-5-2021 Newshound Guru MilitiaMan There is plenty of data out from prominent economists...of recent mentioned clearly...that there is...a focus on the matter and that the HCL needs to be sorted and quickly... Digitization will have that taken care of. A level playing field with the smart technology initiative in mind will set this in motion quite quickly. At least it sure looks that way!!! All the work to date shows me that they are not stopping...
Catnip's Corner:
**************ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi receives a number of Iraqi tribal sheikhs
The Prime Minister, Mr. Mustafa Al-Kazemi, said that the social role that our honorable clans play is important in consolidating societal peace and not allowing terrorism to infiltrate. This came during his Excellency's reception, today, Wednesday, for a number of tribal leaders and sheikhs from various governorates of Iraq.
His Excellency affirmed that our honorable clans and their sons proved during the confrontation with terrorism and its remnants that they were the support for our security forces, just as these tribes had a role in creating natural conditions for the completion of the upcoming elections.
Mr. Al-Kazemi pointed out that the upcoming elections are relied upon to restore the citizen’s confidence in the electoral process and the political system, and that despite all the challenges, our security forces are determined to defeat terrorism and prevent the uncontrolled weapon that appears under deceptive names.
His Excellency said that what is required of our clans today is to support efforts to restore the prestige of the state, to support the characterization of the homeland and citizenship, and to present national belonging away from all sectarian and sectarian denominations from which we did not get anything but pain and pain.
His Excellency added that Iraq has begun to play its natural role in the international arena, building solid relationships that allow investment, development and creating real job opportunities for Iraqi youth, which will restore the citizen's confidence in the state.
The Prime Minister listened to the views and needs of the tribal elders, and directed them to facilitate meeting them.
Media Office of the Prime Minister5-May-2021
***************ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi receives the French Ambassador in Iraq
The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Wednesday, the French Ambassador to Iraq, Mr. Bruno Hubert.
During the meeting, they reviewed the bilateral relations between the two countries, in addition to discussing a number of issues and files of common interest.
The meeting also discussed joint bilateral cooperation between Baghdad and Paris, and ways to enhance and develop it in the economic, security and cultural fields, as well as cooperation in the field of investment and facilitating the work of French companies in Iraq.
Media Office of the Prime Minister5-May-2021
*************ARTICLE 2 (from Government of Iraq twitter account)
5-5-2021 around 8:30 am EasternWatch: Highlights of the press conference of the Cabinet Spokesperson, the Minister of Culture
Watch: Cabinet Spokesperson, the Minister of Culture @HassanNadhem provides a summary of the decisions of the Higher Committee for Health and National Safety:
5-5-2021 around 7:30 am Eastern
The Cabinet imposes a complete curfew for 10 days, and takes several measures regarding Iraqis in India
05 May 2021 - 1:18 pmThe Cabinet held its regular session on Tuesday, in Baghdad, chaired by Prime Minister Mustafa Al-Kadhimi.
The Cabinet approved the recommendations of the investigative committee formed regarding the Ibn Al-Khatib Hospital fire tragedy, which includes:
1- To oblige the Ministry of Health to impose disciplinary penalties commensurate with the severity of the accident against the director of Ibn Al-Khatib Hospital Salman Hamed Ali, the administrative assistant Na`im Kadhim Muzayel and the civil defense official Ahmed Jassam Ali and relieve them from their posts.
2- Relieving the Director General of Baghdad Health – Rasafa from his post, and obliging the Ministry of Health to take the necessary measures to implement this in accordance with the law.
3- End the suspension, as stipulated by a previous Cabinet resolution, of the Minister of Health and Governor of Baghdad.
4- To oblige the Ministry of Health and its affiliates, including departments, hospitals and health institutions, to implement safety regulations and instructions in force in a manner that guarantees the safety of patients, their companions, visitors and medical staff, including adherence to the number of companions, specifying visiting hours, selecting qualified personnel, and assigning them to the tasks of inquiries and ensuring the availability of safety requirements and safety conditions such as early warning and firefighting systems, and dealing firmly with the violators and negligent in bypassing the ministry’s laws and regulations.
During the session, Cabinet approved the recommendation of the Higher Committee for Health and National Safety, which included:
1- Imposing a 10-day full curfew from May 12 to 22, while closing malls, restaurants, cafes, cinemas, parks, event halls, swimming pools, gymnasiums, and others.
2- Preventing mass gatherings in all their
3- Stopping physical public education in schools, institutes and colleges and switching to electronic remote education., with the continued exclusion of the final stages of the faculties of medicine, dentistry and nursing in the presence of practical study only for the completed stages (two days per week).
4- Banning travel to and from India until further notice. As for Iraqis who are currently in India, they must:
- Create special locations for the purpose of compulsory quarantine in their governorates for a period of 14 days.
- The Ministry of Foreign Affairs, in coordination with our embassy in India, should prepare lists of the names of Iraqis currently in India, who wish to return to Iraq, taking written pledges to abide by mandatory quarantine in places designated for this purpose, taking their residential addresses in Iraq and sending them for the purpose of preparing for their quarantine according to their provinces of residence.
- All health departments must coordinate with governors and other departments for the purpose of preparing quarantine areas for arrivals from India.
5- Emphasis on all ministries and departments, especially those with citizens seeking their services, to take measures that would oblige citizens to present a negative Covid-19 result (PCR), or the vaccination card when visiting their departments, in order to prevent the disease from being transmitted to its staff and among other citizens.
6- Emphasizing that all ministries and commissions not associated with a ministry, departments and non-governmental institutions must take measures to urge their staff to be vaccinated with the Covid-19 vaccine.
7- Emphasis on the Baghdad Operations Command, the Ministry of Interior and the National Security Agency to support our health teams in their monitoring rounds to follow up on the implementation of preventive measures in public places, restaurants, malls, cafes and others during and outside official working hours.
*************ARTICLE 3
Reassuring statement from the Finance Committee on salaries of contract employees
2021.05.05 - 21:19
The Finance Committee clarified, on Wednesday, that the budget included financial allocations for contract employees, stressing that it had put in place a legal article on the basis of which the new contract is prohibited.
Committee member Muhammad al-Shabaki said in a statement to the official agency affiliated with "People" (May 5, 2021), that "the House of Representatives has allocated sufficient funds to cover the salaries of contract employees within the budget," pointing out that "the distribution mechanism is a matter limited to the ministries as the matter is one of their tasks as the Council Representatives gave them the freedom to find appropriate mechanisms to cover all contracts. "
He added, "There is no statistic about the number of contracts and procedures, and that the Finance Committee has allocated sufficient funds to cover their salaries."
He pointed out that "the committee has placed within the budget a legal article that prevents the new contracting of the ministries and provinces, and in the event that there is a need for that, the old contractors can return."
*************ARTICLE 4
It is said that an ISIS operative works in "general camps" in Ninevehsecurity05-05-2021 | 12:02The arrest of an ISIS operative working in "public camps" in Nineveh
Today, Wednesday, the Nineveh Governorate Police Command announced the arrest of a member of the terrorist ISIS gangs in the governorate.
In a statement Alsumaria News obtained a copy of, the leadership said, "A joint force from the Dignity Police Directorate of the Nineveh Police Command and the Directorate of Intelligence and Counter-Terrorism in Nineveh and after receiving accurate intelligence information and citizens' cooperation, managed to arrest the terrorist (AAS), who was He works as a fighter in the so-called (public camps) during the period of ISIS control over the city of Mosul. "
*************ARTICLE 5
Culture reveals a plan to revive tourism and antiquities in Dhi Qar05-05-2021 | 11:12
Today, Wednesday, the Minister of Culture, Tourism and Antiquities, Hassan Nazim, unveiled a plan to revive the tourism and antiquities sector in Dhi Qar Governorate.
Nazem said during his speech to media, including Alsumaria, that he "discussed with the directors of the concerned departments and the local government in Dhi Qar ways to activate the tourism and antiquities sector, after the Pope's visit to the ancient city of Ur, and to invest the momentum of that visit to develop these sectors.
He pointed out that he "discussed with the local government the mechanisms for providing services to the governorate in all sectors through joint cooperation," explaining that "this visit is the third of its kind to Dhi Qar Governorate in order to discuss the ideas that the ministry will work on in the near future."
**************
5-4-2021 Newshound/Intel Guru Mnt Goat I will tell you one thing for sure we can’t count on Ramadan as a target to let the RV happen. We never could...Every year we hear the same old crap...“Ramadan is the holiday of giving, so the CBI is going to give the people the revaluation.” ...This is pure speculation...with NO FACTS to back it up...Just so you know Ramadan began in mid-April and so where is the RV? The upcoming Eid al-Fitr holiday is May 12 to Sunday May 19 and nothing is planned for an RV by the CBI. Don’t you think they would have announced some plan by now to educate the people, if this was the case?
5-5-2021 Intel Guru Frank26 You know that there is a massive campaign coming. But before that happens, the process, the steps that are occurring are extremely important...the Iraqi dinar right now is pegged to the American dollar...one of the things that's in this process is the Iraqi dinar has to un-peg from the American dollar...You want an international rate? That's why they have to un-peg in order for the the dinar to leave the country at 1 to 1 and then peg to the American dollar inside a basket...
5-5-2021 Intel Guru Bruce [via WiserNow] ...there’s not a whole lot of information to bring...where we were on last Thursday... was in an anticipation for something to happen this week – Now I hate the banned phrase - “This is the week” or even “This is the weekend” – because I remember we were told this was going to be the weekend last weekend – for things to happen...We thought they had the green light last weekend – but there is no evidence of it at this point – so it’s a little bit of a hurry up and wait...There is not a whole lot that we need except notifications...we’re just waiting to be notified...It’s possible we get notified tomorrow – It’s possible!!
5-5-2021 Intel/Newshound Guru Holly Per Frank26... He said it is happening. He has a list of 14 things that he said they are working on that require the rate change such as contracts. He also mentioned tourism and a couple of others. I think his big message was that Iraq will depeg from the dollar. When that happens the rate will be 1:1 in country and will float internationally. He said he was very comfortable that it is happening.
5-5-2021 Intel Guru MarkZ [via PDK] [I heard the RV should happen by the 17th.] Most of my banking contacts say no later than that. But they are disappointed they did not see it last night. They very much expected it over night last night. Bankers had a lot of anticipation for last night that I did not share with you all…but, there is a mad push to be done by mid-May.
5-5-2021 Newshound/Intel Guru Mnt Goat Article: "PROVINCE’S INVESTMENT: ANBAR INTERNATIONAL AIRPORT WILL BE THE LARGEST IN IRAQ" like I said before, the plans for Iraq is for a central hub of commerce and trade. We see it slowly taking place. Airports are big in this vision for Iraq.
5-5-2021 Intel Guru Frank26 Everyone says, 'Oh, no this dinar is not a taxable item.' Really? When did you ever see Uncle Sam tell you, 'You can go ahead, earn money and keep it all.' Never. Don't be naive. Don't go for that hopium that other places are telling you, 'Oh, you never have to pay taxes on it..' It's all lies. I told you before Biden became president... everything he tells you about taxation is lies. And sure enough...ta-da...Now after he's become president he's going to destroy you financially...you need to defend yourself... [NOTE: At the appropriate time for you, consult your financial and tax professionals about your unique financial situation.]
5-5-2021 Newshound Guru MilitiaMan There is plenty of data out from prominent economists...of recent mentioned clearly...that there is...a focus on the matter and that the HCL needs to be sorted and quickly... Digitization will have that taken care of. A level playing field with the smart technology initiative in mind will set this in motion quite quickly. At least it sure looks that way!!! All the work to date shows me that they are not stopping...
The Cabinet held its regular session on Tuesday, in Baghdad, chaired by Prime Minister Mustafa Al-Kadhimi.
The Cabinet approved the recommendations of the investigative committee formed regarding the Ibn Al-Khatib Hospital fire tragedy, which includes:
1- To oblige the Ministry of Health to impose disciplinary penalties commensurate with the severity of the accident against the director of Ibn Al-Khatib Hospital Salman Hamed Ali, the administrative assistant Na`im Kadhim Muzayel and the civil defense official Ahmed Jassam Ali and relieve them from their posts.
2- Relieving the Director General of Baghdad Health – Rasafa from his post, and obliging the Ministry of Health to take the necessary measures to implement this in accordance with the law.
3- End the suspension, as stipulated by a previous Cabinet resolution, of the Minister of Health and Governor of Baghdad.
4- To oblige the Ministry of Health and its affiliates, including departments, hospitals and health institutions, to implement safety regulations and instructions in force in a manner that guarantees the safety of patients, their companions, visitors and medical staff, including adherence to the number of companions, specifying visiting hours, selecting qualified personnel, and assigning them to the tasks of inquiries and ensuring the availability of safety requirements and safety conditions such as early warning and firefighting systems, and dealing firmly with the violators and negligent in bypassing the ministry’s laws and regulations.
During the session, Cabinet approved the recommendation of the Higher Committee for Health and National Safety, which included:
1- Imposing a 10-day full curfew from May 12 to 22, while closing malls, restaurants, cafes, cinemas, parks, event halls, swimming pools, gymnasiums, and others.
2- Preventing mass gatherings in all their
3- Stopping physical public education in schools, institutes and colleges and switching to electronic remote education., with the continued exclusion of the final stages of the faculties of medicine, dentistry and nursing in the presence of practical study only for the completed stages (two days per week).
4- Banning travel to and from India until further notice. As for Iraqis who are currently in India, they must:
- Create special locations for the purpose of compulsory quarantine in their governorates for a period of 14 days.
- The Ministry of Foreign Affairs, in coordination with our embassy in India, should prepare lists of the names of Iraqis currently in India, who wish to return to Iraq, taking written pledges to abide by mandatory quarantine in places designated for this purpose, taking their residential addresses in Iraq and sending them for the purpose of preparing for their quarantine according to their provinces of residence.
- All health departments must coordinate with governors and other departments for the purpose of preparing quarantine areas for arrivals from India.
5- Emphasis on all ministries and departments, especially those with citizens seeking their services, to take measures that would oblige citizens to present a negative Covid-19 result (PCR), or the vaccination card when visiting their departments, in order to prevent the disease from being transmitted to its staff and among other citizens.
6- Emphasizing that all ministries and commissions not associated with a ministry, departments and non-governmental institutions must take measures to urge their staff to be vaccinated with the Covid-19 vaccine.
7- Emphasis on the Baghdad Operations Command, the Ministry of Interior and the National Security Agency to support our health teams in their monitoring rounds to follow up on the implementation of preventive measures in public places, restaurants, malls, cafes and others during and outside official working hours.
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