Special Saturday Edition: In the video, the success of Al-Kazemi's diplomacy restores Iraq strong and influential

Special Saturday Edition: In the video, the success of Al-Kazemi's diplomacy restores Iraq strong and influential

There was no Friday WOTS  Word on the Street report just fyi

These are the articles I discussed on the My FX Buddies Podcast below:

A parliamentarian explains the reasons for postponing the decision on appeals submitted on some budget articles

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A member of the Parliamentary Finance Committee, Ahmed Hama Rashid, explained today, Friday, the reasons that led to the postponement of the decision on the appeals submitted by the government to the Federal Court regarding some articles of the federal budget for the current year.

Rashid said in an interview with Alsumaria News, "The appeals submitted by the government to the Federal Court towards some items of the budget were not justified, given that all the amended articles were discussed with the government," noting that "the government, as it seems, has interpreted the amended articles incorrectly

Rashid added, "When the Finance Committee worked to clarify these amendments to the government, it may have led to the government's retraction in some appeals," noting that "on the other hand, the Iraq Heading to elections, therefore, any amendment to the budget paragraphs will not be in the government's interest, just as legislating a budget for the next year during the current session is impossible with the approach of elections

He pointed out that "all these reasons, according to our view, were the reason for the delay in deciding on the appeals submitted against these articles

The Federal Court decided on 14 September for the third time to postpone the appeal submitted by the government on some articles of the federal budget to the 19th of this month

And decided Federal Supreme CourtOn August 24, the decision on appeals against the general budget for the year 2021 was postponed to this September.

Also, I postponed Federal Supreme Court On July 14, the date for appealing the federal budget law.

The Council of Ministers had earlier authorized the Prime Minister Mustafa Al-Kazemi By submitting an appeal to the Federal Court on some items of the federal budget for the fiscal year 2021.

In the video, the success of Al-Kazemi's diplomacy restores Iraq strong and influential

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On Friday, the media office of Prime Minister Mustafa Al-Kazemi published a summary of the results of the diplomatic tours achieved by the government.  

A video clip published by the media office and followed by "Iraq Today" referred to the "diplomatic leap achieved by the government of Prime Minister Mustafa Al-Kazemi", starting with a first tour in Tehran, then the Gulf and Ankara.  

The video clip talked about the results of opening up to Europe and the two rounds of the United States of America, which "resulted in an agreement on the withdrawal of foreign forces", and the reflection of efforts on the capital, Baghdad, which witnessed the hosting of an unprecedented summit. 

Al-Kaabi reveals for the first time the issue of changing the price of the dollar in Iraq

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The First Deputy Speaker of the House of Representatives, Hassan Al-Kaabi, confirmed, on Tuesday, that changing the dollar exchange rate is a government decision, and the House of Representatives has nothing to do with it.

Al-Kaabi said in a televised interview, which was followed by (Baghdad Today), that "the upcoming elections are one of the challenges facing the political process, as the Iraqi political system based on democracy requires the existence of elections," noting that "the election law was definitely not the desire of the political blocs."

He added, "Changing the electoral system affects the voter on the one hand and the candidate on the other. The current electoral system achieves more justice, in addition to the fact that the small constituency will be reflected on the citizens in terms of providing services."

Al-Kaabi called "the candidate to believe with his voters after winning," noting that "his bloc is working to translate the reform advocated by Muqtada al-Sadr."

He pointed out, "The current electoral system does not help to form alliances during the electoral process, but after the elections there will be a new map of alliances, as our democratic system requires that decision-making be with the participation of others."

He pointed out, "The House of Representatives was and still wants to embody the saying "Made in Iraq and planted in Iraq," accusing ambassadors of countries of interfering to prevent the implementation of the national project "Made in Iraq and Sowed in Iraq."

And he expressed his conviction that "the head of the next government will either be a Sadrist or the Sadrists will bring him, as our next project is to form a strong government in consultation with our partners in the country."

He stressed, "The results of the elections will impose on the partners the features of the upcoming alliances, and that the Sadrists will sweep the seats in the upcoming elections."

He referred to the honor document and said that it "will require the political forces to draw a new political map, as no political party can rebuild the state on its own."

Regarding changing the dollar exchange rate, Al-Kaabi said that “changing the dollar exchange rate is a government decision and the House of Representatives has nothing to do with it.

The Kurdistan Democratic Party is likely to return its headquarters to Article 140 areas at the end of this year

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The Kurdistan Democratic Party suggested, on Friday, the return of its party and political headquarters to the disputed areas before the end of this year, while confirming the existence of full agreements and understandings for the gradual return of the party's headquarters to those areas.

The Kurdistan Democratic Party was forced to leave its headquarters in the disputed areas covered by Article 140 of the Constitution after the military campaign launched by the Iraqi forces backed by the Popular Mobilization following the independence referendum held by the Kurdistan Region in September 2017.

Article 140 provides for the removal of demographic policies conducted by Saddam Hussein's regime in the disputed areas in favor of the Arabs at the expense of the Kurds, and then census the population before the last step, which is to hold a referendum according to which the population will determine whether they wish to join the Kurdistan Region or remain under the administration of Baghdad .

It was scheduled to complete the implementation stages of the article until the end of 2007, but security and political problems prevented that.

The Federal Supreme Court ruled in 2019 that Article (140) of the Constitution of the Republic of Iraq should remain in force, stressing that this will continue until its requirements are implemented and the objective of its legislation is achieved.

The official of the 22nd branch of the Kurdistan Democratic Party - Garmian (Kalar, Kifri, Darbandikhan, Tuz Khurmatu and its affiliated districts), Akram Salih, said that "the return of the Democratic Party's headquarters to Kirkuk, Tuz Khurmatu, Makhmour and Diyala regions is agreed upon according to gradual stages."

Saleh added, to Shafaq News Agency, that "the agreements and understandings with the government authorities have reached advanced stages," suggesting that the party will return to its areas "before the end of this year."

He added that "many of the Democratic Party's headquarters in the conflict areas are occupied by security forces and government departments and require rehabilitation and restoration work that takes some time, but the return of the party's activity to its areas before as it was before 2017 is definitive."

Salih announced the opening of a headquarters for the Democratic Party in Kirkuk for the electoral campaigns of the candidates, and the party's headquarters in Kirkuk have not yet opened, reiterating that "negotiations and understandings for the return of the Democrat are progressing in advanced stages."

The Kurdish official denied the existence of any harassment or impediments facing the Democratic Party candidates in the regions of Kirkuk, Tuz and other regions, pointing out that "electoral campaigns are proceeding normally

Nuri al-Maliki reveals the reason for not personally running for the elections

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The leader of the State of Law coalition and former Prime Minister, Nuri al-Maliki, revealed the reason for not running in the upcoming parliamentary elections.

Al-Maliki said in a televised interview, followed by (Iraq Today), that "he was already intending to run for a parliamentary seat, but he collided with the electoral law that restricts the candidate to a small constituency, and therefore no matter how many votes he collects, he will only get his seat, which means the rest of the votes are lost. which he collected.

Al-Maliki added, in a question about the reason for the absence of all prime ministers from the elections, that he "does not know the reason that prevented them, but it may also be due to the same reason that prevented him from running.

Al-Araji: Al-Sadr will not bring someone from the current to the prime ministership, but will support Al-Kazemi for a second

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The former Deputy Prime Minister, Bahaa Al-Araji, said on Thursday that the Sadrist movement will not take over the prime ministership, but will remain number one in terms of the number of seats it will obtain in the upcoming elections.

Al-Araji stated, in a televised interview, which was followed by (Iraq Today) on (September 16, 2021), that “the Sadrist movement issues to the public that they will get the prime ministership,” explaining that the movement will not take over the prime ministership, and that Muqtada al-Sadr has the title (House of Sadr is greater than the presidency). Ministers) will not bring a person from the Sadrist movement for fear of offending this great title.

He added: "And it is very possible that Al-Sadr will support Mustafa Al-Kazemi, because in the event of a dispute in the future, he will not offend the Al-Sadr family and will not bear his responsibility."

And al-Araji, that "the number of seats for the Sadrist movement will be reduced, but the number will remain one, and it is possible for him to obtain seats ranging between 40-50 seats."

He pointed out that "the popularity is now for Muqtada al-Sadr, and that the Sadrist movement has internal problems, in previous sessions they did not meet their mass bases, so their audience remained poor and did not get an appointment. Some recent actions and changing positions all affect the number of seats.”

Early parliamentary elections are scheduled for October 10, 2021, when the voting process will take place in 1,079 centers throughout Iraq and the Kurdistan Region.

110 political parties and 22 electoral alliances will participate in the elections, and the Independent High Electoral Commission has invited 76 embassies and foreign organizations to monitor the upcoming electoral process.

For its part, the Independent High Electoral Commission indicated that the number of those entitled to participate and vote in the upcoming Iraqi parliamentary elections is 24 million and 29 thousand and 927 people, while 3523 candidates from 83 electoral districts are competing for 329 seats in Parliament

WASHINGTON, BAGHDAD AGREE TO REDUCE US TROOPS IN IRAQ

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Baghdad and Washington agreed on reducing the US combat troops in two military bases in Iraq by the end of September.

According to an Iraqi army statement on Friday (September 17), the decision was made during a meeting of the joint military committee in Baghdad on Thursday, which also considered shifting the international coalition in Iraq to a non-combatant role by the end of this year.

The troops will be reduced in the US bases in the western Anbar and Kurdistan Region's Erbil provinces.

The statement also reiterated that the presence of the US and foreign troops in Iraq is based upon invitation by the Iraqi government.

In April, Washington and Baghdad announced that the US-led coalition forces have shifted the focus of their mission from combat to advising and training the Iraqi forces.

The US has led an international coalition since 2014 to fight the Daesh/ISIS terror group, which captured almost one-third of Iraq's territory in 2014. The terrorist organization, however, was defeated by the Iraqi army, with the help of the US-led coalition, in 2017.

There are 3,000 coalition forces and 2,500 US troops in Iraq.

Al-Alusi's example: The government can request the return of US forces if the security situation deteriorates after their withdrawal

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The politician Mithal Al-Alusi confirmed: "The Iraqi government can request the return of US forces, if the security situation deteriorates after their scheduled withdrawal at the end of this year."

Al-Alusi said in a statement to the National Iraqi News Agency ( NINA ): "The Iraqi government has the right to submit a request to summon US forces after their withdrawal, if the security situation deteriorates."

He added, "The return request is linked to the independence of the executive government decision, political and security, free from any internal domination linked to external parties."

He explained that: "After the US withdrawal from Afghanistan and the possibility of an Iranian-American agreement on the nuclear file, the region has become a strategic void."

The United States of America is scheduled to end the withdrawal of its combat forces from Iraq at the end of this year

On Saturday, Al-Rafidain Bank issued a new statement regarding the opening of saving and current accounts.

again trying to get people to come in link

And the bank stated, in a statement that (Al-Oula News) received a copy of it, that “the bank’s branches continue to open savings and current accounts.”
He stressed that it was "without witness identification

Integrity shows the amount of money recovered from abroad

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The Federal Integrity Commission revealed, on Saturday, the amount of money that Iraq recovered during the last period from several countries, including a neighboring country .

The Director General of the Recovery Department and Vice President of the “Iraq Funds Recovery Fund” at the Integrity Commission, Moataz Faisal Al-Abbasi, said that “the fund faced many challenges, including the lack of a budget until mid-2021, and during the period of its establishment, it was able to recover from Jordan 65,000 dollars in cooperation with the competent authorities.” In addition to recovering nearly 12 million euros from Spain, in cooperation with the competent legal authorities .

Al-Abbasi pointed out that "the fund was able, with another effort, to recover nearly $26 million from Germany in cooperation with the competent authorities ."

He explained, "There is a United Nations convention against corruption at the international level and the Arab Convention against Corruption, and their mechanisms stipulate how to recover and obtain money.

Recommendations for restructuring the insurance sector to increase its effectiveness

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Finance Minister Ali Abdul-Amir Allawi said that the state's reform orientations include promoting the insurance sector and rehabilitating it in a way that advances the national economy. 

He added during his speech at the first annual international scientific conference “Reform of the insurance sector in Iraq, challenges of reality and future opportunities,” which was held under the slogan (economic reform is our way to improve the performance of financial institutions), that “the insurance work environment must be transparent and clear, and be based An informative media campaign targeting all segments of society.

 

The head of the Insurance Bureau, Israa Saleh, confirmed that “the insurance sector is supportive of all sectors,” noting that “this sector was negatively affected by the policies that Iraq witnessed and by the wars and siege, which led to the leakage of insurance competencies outside the country, as Iraq was one of the insurance pioneers in the Arab region.” .

Saleh pointed out that "this sector needs to rehabilitate its human resources through specialized institutions, especially since this sector needs a lot of work in order to advance, and that the white paper referred to the development of the insurance sector's performance."

The first session of the conference, which was chaired by Prof. Dr. Falah Hassan Thuwaini, included the presentation of seven research papers. The second day of the conference included two sessions. The first session was chaired by the Dean of the College of Business Economics, Prof. Dr. Nagham Hussein Nima, and included four participations from outside Iraq, and four researches from within, as well as Contribution of experts from insurance companies. While the third session, chaired by Dr. Haitham Abdel-Khaleq, included the presentation of four scientific research papers.

The conference touched on revitalizing the insurance sector in the Iraqi market, through the three conference axes, as the first included the legal and administrative framework for insurance, while the second axis described the insurance products and services provided by insurance companies, and the last axis was about the future prospects of the insurance sector.

Mustafa Muhammad Ibrahim said that “the role of the insurance sector in the Iraqi stock market is evident through the market value of shares, and its comparison with the banking sector, which competes with it in achieving a continuous return for this sector, in order to achieve a high return for financing economic activities, as well as spreading insurance awareness among The public and focus on this sector because of its important role in achieving the economy sustainable.”

At the conclusion of its work, the conference recommended restructuring the insurance sector in Iraq towards increasing its effectiveness and competitive capabilities, by ending the monopoly of government companies on insurance activity, and building and developing a dynamic model that suits Iraqi insurance companies, accommodating environmental changes in the local and international insurance sector.

In addition to the adoption of the concept of strategic thinking by senior administrative leaders, because of its importance in the insurance industry and achieving leadership in business, selecting administrative leaders according to the criteria of merit and efficiency, and activating the concept of social responsibility for organizations as an ethical approach to advancing society at all levels.

The recommendations stressed the need to adopt innovative marketing strategies and use technology-based promotional methods modern.

Securities: The increase in trading hours doubled the number of investors

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The Chairman of the Securities Commission, Faisal Al-Haymes, confirmed the development of performance of trading operations in the Iraqi Stock Exchange during the first half of this year.

 

He said during a press conference that "the market indicators during the first half of this year rose from what they were, for the same period last year," noting that "the increase in trading hours gave a greater opportunity for local and foreign investors to trade in the shares of joint stock companies."

He added that "the value of trading during the second half of this year amounted to 378 billion dinars, compared to 17 billion dinars for the same period last year, and the traded shares rose to 373 billion shares, compared to 24 billion shares during the second quarter of last year, with an increase of 1393." %". 

He pointed out that "the market value increased by 15.8% to reach more than 15 trillion dinars, compared to 13 trillion and 600 billion dinars during the past year." 

 

He pointed out that the regular market accounted for 63.8% of the traded shares, while the second market accounted for 36.2%, as for the trading value, in the regular market it accounted for 69.6 of the total trading value, while the second market accounted for 30.4% of the total trading value.

And he indicated that "the market value reached 51.3% in the regular market, while the second market was 48.7%, and the price index increased by 1.3%."

He stressed that "the satisfaction of shareholders represents our goal, and reflects the success of performance within the authority and the market."

In turn, the head of the Brokers Association, Ali Al-Mukhtar, said: "The rise in the reality of trading makes us redouble efforts to move trading in a way that enhances its mechanisms, as the quest continues to develop performance in a way that competes with regional markets."