Wednesday, September 15, 2021

WOTS TUE SEP 14 21 Mission Impossible" .. Al-Maliki as prime minister for a third term

WOTS TUE SEP 14 21 Mission Impossible" .. Al-Maliki as prime minister for a third term

1610897012873.jpg

No My FX Buddies Podcast today

Baghdad - Stock Exchange of struggle  

147,400  

....  

The price is in most Baghdad exchanges  

Purchase  

147,000  

Sale  

148,000  

———————————————  

Kirkuk - Bursa  

147,575  

———————————  

Erbil - Bursa  

147,575  

———————————  

Basra - Bursa  

147,450  

————————————  

Sulaymaniyah - Bursa  

147,625 


The Markets:
The Asian markets closed mixed NIK up by .73% HSI down by 1.21% SHANG down by 1.42%
The UK markets are currently trading in the red mostly from .04% to .45% DAX up .11% SMI up by .05%
Our futures are currently trading up  DOW at 34803 up  by .14% SNP at 4466 up  by .15% NDX at 15437 up by .05%

Precious Metals:
Gold is red at 1787 Silver is red  at 23.59 Copper is red at 432 Platinum is red at 951 
Brent 74 WTI  71   Bitcoin: 45,945 10 yr yield: 1.34

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1430.5000  1481.4000 1458.1000 1457.9000 1458.1000  -0.2000 09:54
 USD/VND  22759.0000  22763.0000 22773.9200 22771.3900 22773.9200  -3.4600 22:44
 USD/CNY  6.4451  6.4471 6.4510 6.4408 6.4509  -0.0057 05:25
 USD/KWD  0.3002  0.3012 0.3005 0.3003 0.3005  -0.0002 05:21
 GBP/USD  1.3865  1.3866 1.3882 1.3829 1.3831  0.0033 05:26
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  0.0000 00:00
 USD/IDR  14268.0000  14268.0000 14280.0000 14218.0000 14248.0000  18.0000 05:22

Things in the News:





Iraqi Articles:

Oil continues its gains, and Brent touches $ 74

link

Oil prices continued their gains on Tuesday, hovering near their highest levels in six weeks, amid indications that another storm may affect production in Texas this week, with Brent touching $74.

Brent crude was up 49 cents, or 0.67%, at $74.00 a barrel by 05:11 GMT, after rising 0.8% the previous day. US West Texas Intermediate crude rose 52 cents, or 0.74 percent, to $70.97 a barrel, after rising 1.1 percent on Monday.

Evacuations were underway Monday from offshore oil rigs in the US Gulf of Mexico as onshore oil refineries began preparing for Tropical Storm Nicholas, which was headed toward the Texas coast with winds of 70 mph (113 kph), threatening the coast of Texas. Texas and Louisiana still recovering from Hurricane Ida.

 

Finance Minister: We are going to develop the insurance sector

link

Finance Minister Ali Abdul-Amir Allawi confirmed the ministry's orientation to advance the insurance reality in Iraq, which is one of the important work priorities and one of the joints of the financial sector.

Allawi said in a statement reported by the official "Al-Sabah" newspaper and seen by "Al-Iqtisad News", that "the government insurance sector can be described as good, but it was built on a kind of monopoly, and it requires some measures to develop the joints of its work."

He pointed out that "the private insurance sector suffers from a lack of capital to cover insurance risks, especially since the ministry is working to encourage private insurance companies that have proven their existence, in order to advance the reality of this important financial joint."

He pointed out that "we are working to move the insurance sector in the advisory aspects."

It is noteworthy that there are 42 private insurance companies operating in Iraq. 


Setting a new date for considering budget appeals

link

The Federal Court announced, on Tuesday, setting a new date for considering budget appeals.
An informed source told / Mawazine News /, "The Federal Court decided to set the 19th of this month, a new date to consider the appeals submitted regarding the budget."

The Federal Supreme Court had decided (last August 24) to postpone the decision on the appeals of the general budget for the year 2021 to this September.

Mission Impossible" .. Al-Maliki as prime minister for a third term

link

1610897012873.jpg

Any independent observer can envy the leaders of the "State of Law" coalition for their excessive confidence in expressing that Nuri al-Maliki is the most qualified and worthy to return to the presidency of the Iraqi government, and secondly, their ability to express the certainty that the coalition is able to achieve a comfortable victory in the October 10 elections. next.

The results of the 2018 elections do not seem to encourage such over-optimism, as the "State of Law" came fourth with 26 seats, and was comfortably preceded by the Sadrist-led Sairoon Alliance (54 seats), the Al-Fateh Alliance led by Hadi al-Amiri (47 seats), and the Al-Fateh Alliance led by Hadi al-Amiri (47 seats). Al-Nasr led by Haider Al-Abadi (42 seats).

Many also believe that the difficult conditions that led to the exclusion of al-Maliki from heading a third government in 2014, are still chasing his legacy in political work, and may prevent his use to occupy the position of the highest executive authority in Iraq. There are two main issues that his opponents consider against him, namely the fall of a third of Iraq's lands under the control of the ISIS occupation overnight, and secondly, the spread of corruption, which placed Iraq in third place in the world.

However, some leaders of the "State of Law" consider that al-Maliki has made more achievements for Iraq than others after him, and is therefore more deserving of returning to the position, a security that apparently faces several conditions, including the position of the supreme Shiite authority, and his gaining the support of parliamentary blocs Great, and knowing the destination of Iranian support, especially after the recent visit of the current Prime Minister Mustafa Al-Kazemi to Tehran and his meeting with the new Iranian President Ibrahim Raisi.

However, al-Maliki’s supporters began early in the propaganda campaigns in support of him, according to promotional ideas, including that he is strong and able to contain tensions with armed factions, and between some political forces, and provide basic services to citizens, which witnessed a deterioration in the years in which he left power.

But it is clear that al-Maliki and his supporters are also betting on their ability to attract new votes if they will be allowed to lead a government after the October elections, by wooing the voices of the large reluctance to cast their votes, which was large in the 2018 elections, where the voter turnout was about 44%. Only as was officially announced, and they are also betting on withdrawing votes from the shares of other blocs such as "Al-Fateh", which mainly represents the Popular Mobilization factions, a bet that may contradict what the forces close to Iran aspire to.

But observers believe that the events in Iraq since the 2019 demonstrations, and the accusations leveled at the factions of confronting them with violence, in addition to the tensions within the Fatah forces, may help al-Maliki to attract additional votes from the electorate.

Al-Maliki had obtained the highest votes in the 2014 elections, but the objections of the supreme Shiite authority, Ali al-Sistani, and some political forces, forced al-Maliki to apologize as part of a political settlement that brought him to the position of Vice President.

According to MP Muhammad al-Sihoud, who is close to al-Maliki, "the latter provided a lot for the country during his presidency of the government for two consecutive terms and in various health, economic, educational and reconstruction fields. Therefore, as members of the former State of Law list (the leader's trust now), we believe that he is more deserving of prime minister if his list succeeds in winning votes that qualify him.

 

Elections and party size

Chihod told Shafaq News Agency, "The results of the 2018 elections are not a criterion for measuring the size of that bloc or the weight of that party in the Iraqi street, given that the majority of disgruntled voters showed great reluctance to participate, which negatively affected the overall election results, and we hope according to the stage's data. And after our masses became convinced of the need to expand the volume of their participation in the electoral process, to obtain more seats."

He considered that "the upcoming elections will reveal to the parties and blocs their true size or weight in the Iraqi street if the electoral presence is available, given that the Iraqis who went out in mass demonstrations in 2019, calling for early elections, this is their only chance to make the desired change and the results of each electoral list or alliance translate its weight. to his audience."

The "Leader's Trust" list is made up of 72 candidates to represent it in the upcoming elections, distributed across all governorates of the country, with the exception of the Kurdistan Region.

According to Chihod, the majority of the candidates are qualified and technocrats, and come from 9 political entities, including the Dawa Party, the Irada Movement, Al-Bashaer, and the Iraqi Turkmen Gathering, as well as some former deputies.

 

Weighing egg

Chihod indicated that "the results of the elections will play a role in drawing the map of future alliances to determine the identity of the leader of the next stage, and Nuri al-Maliki remains the only candidate for the "leader's trust" if he enters into other alliances," stressing that "we do not have a red line on any bloc or current to ally with him from order to form a government if we achieve advanced results.”

He considered that "the rule of law will be the weight of the next alliances."

Al-Sihoud called on Al-Kazemi's government to provide a security environment that ensures the smooth running of the elections without affecting the voter's freedom or depriving his will, recalling that this government "was formed in order to organize early elections, and therefore its work should focus on that."

The State of Law Coalition, a political alliance headed by Nuri al-Maliki, split from the Iraqi National Coalition, which had brought together all the Shiite forces due to differences with other currents, including the Sadr movement.

Back to "Impossible"

But personalities who defected from the "State of Law" told Shafaq News Agency, "It has become difficult for al-Maliki to return to power again, and all data suggest the latter's decline in popularity with the Iraqi street, as well as his intersection with political parties that have weight."

Informed sources said that "there is still an objection from the supreme religious authority to the person of al-Maliki, as the country entered a spiral of internal and external conflicts, the most severe of which was ISIS' control over a third of Iraqi lands. .

And she added, "If we exclude the scenario of a veto of reference on al-Maliki, there are other parties that refuse his return, most notably the Sadrist movement, which reluctantly agreed to extend his mandate during the 2014 elections."

It is noteworthy that al-Maliki had launched a military campaign under the name of "The Knights of the Knights" against the "Mahdi Army" of the Sadrist movement in the year 2008, and it is the only one led by the Iraqi security services against Shiite militants. Since that time, Maliki entered into a rivalry with the Sadrists.


CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction For September 14th, 2021 total sales amount $216,817,105


ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 

9-13-2021   Newshound Guru Kaperoni  retweet:  Masrour Barzoni PM of Kurdistan Region of Iraq "Parliament has backed this cabinet’s actions to get rid of barriers to new businesses.  We've cut processing from 32 days to 1; visits to govt offices from 50 to 1; and cost by over 90%. We’re paving the way, so our entrepreneurs can build a better future for Kurdistan -mb".

9-13-2021   Intel Guru Frank26   
Member Comment:  "Just flip the damn switch and raise the exchange rate to 1 to 1 then float.  It will rocket shoot upward above Kuwait's rate..."  Just switch the damn rate?  No.  What do I call the monetary reform?  Do I call it a date?  ...Have I ever given you a date?  ...I've given you time frames to consider but very rarely.  What do I call the monetary reform A process.  It is a process.  It's not like turning on a light...

9-13-2021   Newshound Guru Desert Advisor  If they were to do something huge how would they go about it?  Look back to 2003 when they did a banking overhaul/new currency...LA Times...How they did it...basically you take your stack of 25000 dinars and now you get 25,000 dinars but in smaller categories.  Maybe you get 20000 back plus 5000 in smaller bills...That's pretty much what they did.   [In 2003 going from Saddam notes to current notes].  It was successful.  Everything was fine. 

9-13-2021   Newshound Guru Pimpy  What they're going to do is make sure that their economy is on solid ground before they make any real significant changes to the rate which is important. We want them to develop their private sector.  That looks good.

9-13-2021   Intel Guru  Frank26  You already saw it [the monetary reform information] in print and you're going to see it in print again and you'll see it again and again until they decide to show the new small category notes to the citizens and possibly at the same time show them the new exchange rate.


Catnip's Corner:
*************
ARTICLE 1-A (from PM Kadhimi's website)

At the time this report was submitted, there are no new articles posted on PM Kadhimi's website.

*************
ARTICLE 2 (from Government of Iraq twitter account)

During the meeting, regional and international files of common interest and bilateral coordination were discussed in a manner that secures further consolidation of security and stability, and open the way for sustainable development for the benefit of the two
peoples.

PM @MAKadhimi meets the Speaker of the Iranian Shura Council, Muhammad Baqir Qalibaf during his current official visit to the Islamic Republic of Iran.
*************
ARTICLE 3

Al-Fath: Returning to the Chinese agreement will end the economic crisis in Iraq
Monday 13 September 2021 | 01:15 PM

The Al-Fateh Alliance pledged, on Monday, to end the economic crisis and chaos in projects in Iraq by returning to the agreement with the Chinese side, indicating that the mismanagement of the current government created many economic failures despite the high prices.

A member of the Al-Fateh Alliance, Khaled Al-Saray, said that "returning to the Chinese agreement after the elections will be a priority for the alliance and the forces allied with it."

He added, "The Chinese agreement is capable of ending the chaos in Iraqi projects, as well as ending unemployment through the establishment of projects and factories to employ Iraqi manpower and the establishment of infrastructure to attract foreign investment."

Al-Saray pointed out that "the mismanagement and planning of the current and previous governments led to the dinar's decline against the dollar despite the rise in oil prices and the end of the war on terrorism that exhausted the state budget."

*************
ARTICLE 4

The meeting of the joint committee of senior officials in the ministries of foreign affairs between the Gulf Cooperation Council and the Republic of Iraq was held
Monday, September 13, 2021 AM

The joint committee of senior officials in the ministries of foreign affairs between the Cooperation Council for the Arab States of the Gulf and the Republic of Iraq held a meeting, on Sunday, September 12, 2021 AD, via video link.

The Gulf side was chaired by His Excellency Dr. Sheikh Abdullah bin Ahmed Al Khalifa, Undersecretary of the Ministry of Foreign Affairs for Political Affairs in the Kingdom of Bahrain, and the meeting was chaired from the Republic of Iraq by His Excellency Mr. Nizar Al-Khair Allah, Senior Undersecretary of the Ministry of Foreign Affairs, and representatives from all the Gulf Cooperation Council countries and the Secretariat participated in it. The General Assembly of the Gulf Cooperation Council, Dr. Abdulaziz Hamad Al-Owaishek, Assistant Secretary for Political Affairs and Negotiations, participated.

The Assistant Secretary explained that the joint committee discussed the progress of work in implementing the joint action plan between the Cooperation Council and Iraq (2019-2024), and preparations for the joint ministerial meeting, in addition to the most prominent regional and international issues of common interest.

*************
ARTICLE 5

The US Embassy allocates $40 million to preserve Iraqi heritage
09/13/2013 13:25

Baghdad / Obelisk: The US Embassy in Baghdad announced, on Monday, September 13, 2021, the allocation of more than $40 million to help preserve the Iraqi heritage.

In a statement received by The Obelisk, the embassy clarified that Iraq occupies a prominent place in world history as it is the origin of writing, the wheel, and countless other inventions.

He added that the US government has allocated more than $40 million to help preserve Iraq's precious national and world heritage by restoring archaeological sites across the country.

***********

No comments:

Post a Comment