Sunday Update Feb 6 2022 After The Federal Decision, A Law Confirms: The Session For Selecting The President Will Be Suspended
These are the articles I discuss on the My FX Buddies Blog:
Globally.. Iraq advances in gold
The World Gold Council announced on Sunday that Iraq has advanced one rank among the world's most precious metal reserves.
According to the latest table published by the Council in February 2022 and seen by Shafak News Agency, "Iraq advances one rank to reach the 38th place out of 100 countries listed in the table with the largest gold reserves after a decline in Libya's ranking in the table," noting that "Iraq ranked fourth in the Arab world after Saudi Arabia, Algeria and Lebanon.
And he added, "Iraq kept its gold holdings unchanged, bringing its gold holdings to 96.4 tons, which represents 8.8% of the rest of its other reserves."
The council also stated that "the global official reserves of gold increased by 14.2 tons, as Turkey bought an amount of gold by 10.1 tons, Uzbekistan added 8.4 tons, Kyrgyzstan added 1.1 tons, the Czech Republic added 0.4 tons, and Ukraine 0.3 tons, while some countries sold gold, namely Kazakhstan." -4.8 tons, Sri Lanka -3.6 tons, Poland -1.6 tons.
She pointed out that "the United States still ranks among the countries with the largest gold possession in the world, with 8.133 tons, followed by Germany, 3.359 tons, then Italy, 2,451 tons, while El Salvador ranked 100, with 1.4 tons, preceded by Suriname, with 1.5 tons."
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom and has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.
An advisor to Al-Kazemi reveals the first measure that the new government will take, "of its utmost importance"
Saleh said in a statement to {Euphrates News} that "80% of the labor force is currently in the market, and it is these large sums that move the economic market."
He added, "The work of Law 12/1 will continue until the approval of the budget for 2022."
Al-Kazemi’s advisor expected, “The first measure and government law that the new government will take is to present the budget law due to its utmost importance,” noting that “the budget law will be one of the priorities of the government and parliament because of its importance and its impact on the lives of citizens, especially since the law is prepared and ready, and some amendments may be added to it.”
Al-Rafidain Bank sets the date for opening its branch in Egypt
Al-Rafidain Bank revealed the imminent opening of its branch in Cairo after holding talks with the Egyptian side, while referring to raising the bank’s balance ceiling to 150 million dollars according to the law of the Central Bank of Egypt.
Adviser to the Minister of Finance and Director General of the Bank, Abdel Hassan Gamal, said in a statement that I followed (the Fourth), that "the banking transactions of the branch stopped due to the withdrawal of the license under the Law of the Central Bank of Egypt, and work was limited to handing over the retirement benefits of 80,000 Egyptian employees who worked in Iraq previously."
He added that "the discussions between the two countries called for the necessity of reopening the branch to increase the number of customers, in addition to the need of thousands of Iraqi students there for banking transactions, in addition to providing service to the Iraqi community residing in Egypt.
Labor Prepares To Launch “Tamkeen And Financial Inclusion” Initiatives
The Ministry of Labor and Social Affairs announced, on Sunday, the imminent launch of the “Empowerment and Financial Inclusion” initiatives, in coordination with the World Bank and the Association of Iraqi Private Banks, to support the vulnerable groups of concern to the Ministry.
The Undersecretary of the Ministry, Abeer Al-Chalabi, said in a statement that she had seen / the information /, that "the ministry has concluded an agreement with the Association of Iraqi Private Banks for the purpose of launching the (Tamkeen) Fund initiative and the possibility of implementing projects and programs to support the categories of concern to the ministry and to cooperate in rehabilitating shelter homes and granting soft loans to establish Real projects of economic feasibility,” she said, noting “the preparation of a cooperation document between the Ministry and the Association with the formation of a committee to follow up on the implementation of what has been agreed upon.”
Chalabi added that "the ministry, in coordination with the World Bank, will implement the economic inclusion project in Dhi Qar governorate, which targets 2,200 beneficiaries of the social protection salary, and the project will transform the beneficiaries into effective producers by engaging them in training courses and giving them sums to implement their own projects."
And she indicated that "the preparations by the ministry have been completed for the purpose of starting the implementation of the inclusion project through the training centers deployed in the governorate," stressing that "the ministry supports vulnerable groups in order to improve the economic reality of that governorate."
Chalabi explained that "the ministry provides services to wide segments, including the category of people with disabilities and beneficiaries of social protection from poor families, as well as the category of the unemployed, and is ready to receive any support or cooperation in areas related to social affairs and needy families."
now all of this came out this morning! no voting session tomorrow
for now
Victory Of The Federal Court's Decision To Stop The Candidacy Of Hoshyar Zebari For The Presidency Of The Republic
not too many details yet but this means he cannot run for the presidents the documents are all in arabic maybe they will put details in the news later
this is urgent and breaking news right now
The Federal Court decided to stop the procedures for the nomination of Hoshyar Zebari for the position of the Presidency of the Republic
-- Edited by tishwash on Sunday 6th of February 2022 04:17:13 AM
more details
Legal expert: The Federal Court's decision does not concern the nomination of Zebari only
link not sure what this does for the Feb 8th deadline hmmmm...
Today, Sunday, a legal expert considered that the Iraqi parliament session dedicated to electing the new president of the republic has become "suspended" as a result of the recent Federal Supreme Court decision regarding the nomination of Hoshyar Zebari.
Ali Al-Tamimi told Shafaq News Agency, "The state order of the Federal Court, which was issued today, not only stopped the candidacy of Hoshyar Zebari, but also stopped all the procedures of the parliament session dedicated to electing the new president of the republic."
Al-Tamimi explained, "The session to elect the new president of the republic is currently suspended until further notice," explaining that it will be held after the Federal Court resolves the case before it regarding Zebari's candidacy for the presidency.
And earlier today, Sunday, the Federal Supreme Court issued a state order to stop the candidacy of Hoshyar Zebari for the post of President of the Republic of Iraq.
Most recent:
An explicit interpretation of the Federal Court's decision on the !nomination of Zebari: Re-scenario 2010
There is a lawsuit filed by one of the candidates for the presidency of the republic asking for the .nullification of the nomination of Hoshyar Zebari for violating the constitutional and legal rules
A proclamation was requested for the purpose of voting for the position of the President of the Republic from Parliament until the case is decided upon. The Federal Court decided to use the vote on Zebari’s nomination until the case is decided upon. This means that the February 7 session for the election of the President of the Republic will also be suspended until this case is decided upon in accordance with this decision, meaning that this decision changed the constitutional time limits because the Federal Court is superior, supreme, and obligatory for all authorities...
And also President Barham Salih will continue In his work and performing his duties in accordance with this decision and confirming ..the previous decision of the Federal Court 51 of 2010 ... Legal Expert Ali Al-Tamimi
Analysis: An extension of Al-Kazemi for a year will be an option after the quorum of parliamentary sessions is disrupted
The Sadrist bloc's announcement, last Saturday, of boycotting the parliament session dedicated to choosing the country's president, and freezing negotiations to form a government with the political .blocs, charts an unknown thorny path towards forming a government, even a peaceful political process
Academic Basil Hussein says, in a tweet on Twitter, that after the Sadrist bloc's decision to boycott the presidential .election session, the quorum of the session has become impossible
The Iraqi constitution stipulates the election of a new president of the republic within thirty days from the date of .the first session of Parliament, and therefore the last day will be on February 8
The head of the Academy of Political Development and Good Governance, Abdul Rahman Al-Jubouri, points out .the solution to a moral blockage in the political process, calling for a solution to it
Al-Jubouri wondered: Boycotting the session and the option to return to the street is Al-Sadr's choice, while the .other's option is to keep the situation as it is
Al-Jubouri believes that the best option is for the government headed by Mustafa Al-Kazemi to remain for another .year
With regard to the President of the Republic, the Federal Court reported on Sunday that the President of the .Republic will continue his duties if the election of the person to occupy the position is delayed
The journalist, Zaid Abdul-Wahhab Al-Azami, considers that the Federal Court's decision requires a new Attar .mixture with new names
He added that the Sadrists' boycott of the presidential election session and the freezing of their dialogues with .their counterparts, intended to arrange the negotiating papers again
While the coordination framework is still talking about a great opportunity to seize the keys of the largest bloc in a fierce competition with the Sadrist movement, the observer of political affairs Haider Al-Aboudi believes that the framework and those with him when they boycotted the session to elect the speaker and his two deputies did not . break the quorum, but rather attended more than 228 MPs
And he continues: As for boycotting the presidential election session by the Sadrists, if the quorum is complete, the framework will pass with the election, and if it is not completed, then this means that Sadr wanted to tell them .that this is your real weight and size
And analyzes suggest that the coming days will witness a resolution of the tense political situation between the framework and the Sadrist movement to form a government under the name of a Shiite majority, which represents .a compromise between the two sides
Haider al-Lami, a leader in the State of Law coalition, says that the Federal Supreme Court's decision regarding the largest bloc will push all political forces to conduct new dialogues and negotiations, in order to form the largest .bloc in Parliament
Al-Rafidain Bank sets the date for opening its branch in Egypt
Al-Rafidain Bank revealed the imminent opening of its branch in Cairo after holding talks with the Egyptian side, while referring to raising the bank’s balance ceiling to 150 million dollars according to the law of the Central Bank of Egypt.
Adviser to the Minister of Finance and Director General of the Bank, Abdel Hassan Gamal, said in a statement that I followed (the Fourth), that "the banking transactions of the branch stopped due to the withdrawal of the license under the Law of the Central Bank of Egypt, and work was limited to handing over the retirement benefits of 80,000 Egyptian employees who worked in Iraq previously."
He added that "the discussions between the two countries called for the necessity of reopening the branch to increase the number of customers, in addition to the need of thousands of Iraqi students there for banking transactions, in addition to providing service to the Iraqi community residing in Egypt.
As a result of the reform steps of the White Paper.. Finance: The Iraqi economy has begun to recover
The Ministry of Finance confirmed that the Iraqi economy has begun to recover as a result of the reform steps that the Iraqi government is working on, embodied in the White Paper and its contents.
The ministry said in a statement that "Finance Minister Ali Abdul-Amir Allawi participated in the activities of the Bahr al-Ulum Dialogue Forum, which aimed to revitalize dialogue between the Iraqi elites and fill part of the vacuum that the arena suffers from in its various axes, and one of its requirements is openness to the various Iraqi segments away from partisan entrenchment. sectarianism, and nationalism.
The statement added, "The main objective of establishing such intellectual activities and meaningful dialogues is to produce a movement that helps create a moderate climate for the practice of political and economic work."
He continued, "The forum witnessed the presentation of many of the articulated axes that His Excellency the Minister touched upon, the most important of which is the policy of changing the exchange rate that guarantees the revival of the Iraqi economy by supporting the productive sectors in the private sector and discussing opinions and ideas related to the current economic reality, and ways to move from the current low level of Productivity and income to a high level of productivity and income, which is done by addressing the factors that led to low labor productivity in Iraq, which in 2018 recorded less than half of what it was in the seventies of the last century due to the dominance of the unproductive public sector, in addition to the decline in the labor sector tradable commodities, and the negative effects of the non-competitive exchange rate of the Iraqi dinar - especially against the exchange rates of the currencies of Iraq's trading partners - on the agricultural and basic industries sectors in Iraq over the past decades.
The statement indicated that "reports of the World Bank, the International Monetary Fund and international organizations show that the Iraqi economy began to recover gradually at the beginning of 2021, as the World Bank and the International Monetary Fund expected the growth of the Iraqi economy, as a result of the reform steps that the Iraqi government is working on, embodied in the White Paper and its contents. ".
And he indicated, "The forum granted Allawi the shield of creativity and excellence and a certificate of appreciation for the distinguished efforts he made during the short period that passed since his assumption of the ministerial position.
Al-Zayadi: The Framework Is Determined To Reduce The Price Of The Dollar
The representative of the State of Law coalition, Muhammad Al-Ziyadi, confirmed, on Sunday, that the coordination framework is determined to reduce the dollar exchange rate in the event that he participates in the political process, pointing out that reducing the price will be one of the conditions for voting on the Prime Minister for the next government.
Al-Ziyadi told Al-Maalouma, "The coordination framework rejected the rise in the dollar exchange rate against the dinar when voting on the 2021 budget, as this caused great damage to various segments of the people."
He added, "Whoever was the reason for passing the budget at the current dollar price, today enjoys the majority in Parliament, and it is hoped that the course will be corrected by decreasing the exchange rate."
And Al-Zayadi, "The coordination framework, and if it is part of the political process, it will set a condition when voting on the prime minister, as the candidate will not pass without obtaining a word from him to reduce the exchange rate, but by going to the opposition, then he cannot set the conditions but demand adjusting the price.
Report: Al-Sadr Settled On Recycling The Three Presidencies
The London-based Al-Arab newspaper revealed on Sunday that there are indications about the stability of the opinion of the leader of the Sadrist movement, Muqtada Al-Sadr, who chose to renew the mandate for the three presidencies in Iraq, indicating that the speech of the three presidencies yesterday confirms the continuation of their work in the next stage and is in harmony with a speech Chest in every detail.
The newspaper said in a report seen by / the information / that "the leader of the Sadrist movement, Muqtada al-Sadr, confused the political scene in Iraq, hours after he called his bloc not to vote for Masoud Barzani's candidate for the presidency, and at a time when the leading trio appeared in Iraq, President Barham Salih and Prime Minister Mustafa Al-Kazemi. And Parliament Speaker Muhammad al-Halbousi together on an occasion that suggested that they were the group on which al-Sadr’s opinion settled to lead Iraq after the elections.
She added, "It was clear that the three words carried the same orientation that al-Sadr held and expressed more than once regarding focusing on the future, overcoming conflicts, and forming an Iraqi government that is not subject to any external pressures," noting that "political differences should not reach constructive foundations." The state, there are international bets on the failure of democracy in Iraq, which will remain the safest way to coexistence because the Iraqi people are loyal to everyone who serves them.”
According to the newspaper, the discourse calling for overcoming the post-election partisan accounts, which casts a shadow over the climate for forming the government and choosing the new president, coincided with the Sadrist bloc’s decision to boycott the parliament session devoted to choosing the country’s president, and to freeze government formation negotiations with the political blocs until further notice.
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