WOTS MON FEB 14 22
Legal Expert: We Will Have 30 Days To Elect The President Of The Republic
Legal Expert: We Will Have 30 Days To Elect The President Of The Republic
Legal expert Ali Al-Tamimi explained, on Monday, that the House of Representatives will have 30 days to choose the President of the Republic after closing the door for candidacy for the second time for the presidential position.
Al-Tamimi told "Al-Maalouma", "The Federal Court's decision to accept the unconstitutionality of Zebari's candidacy was based on a number of legal grounds, including those related to the Law No. 8 of 2012 for the Presidency of the Republic, Article 1, which stipulated the candidate's integrity, competence and good reputation, and the decision was also based on Law No. 213 of 2018 and the Parliament Law, Article 27, where it was based on Article 68 on good conduct, and also the decision was based on the broad powers of the President of the Republic in Article 73 and Article 50 related to oaths, cases of integrity and interrogation.
He added, "The door for candidacy has been opened by Parliament for 3 days since Wednesday, with it Thursday and Sunday, which is the last day to present candidates for the presidential position, and at the same time, the names of the former candidates remain unchanged, and their candidacy has not been canceled."
Al-Kazemi’s advisor: The rise in central bank reserves ensures the stability of the dinar
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Adviser to the Prime Minister Mazhar Muhammad Salih stated, on Monday, that the rise in the hard currency reserves of the Central Bank of Iraq guarantees the stability of the local currency.
Saleh said in an interview with Shafaq News Agency that "the reserves of the Central Bank decreased during the last period due to the health crisis and the financial crisis in 2020," noting that "the monetary policy of the Central Bank was balanced and was able to restore these reserves by more than 23 percent at the present time, to reach 64 Billion dollar".
He added that "the rise of the hard currency gives a positive signal to the Iraqi economy and gives precautionary reassurance to the stability of the Iraqi dinar," noting that "the issue is being monitored over the long period and its importance in defending the value of the dinar and stability in the service of monetary policy goals, stability of the currency value and reducing inflation."
Saleh stressed that "the monetary policy is currently a rational, balanced policy that has managed to maintain the value of the dinar and the stability of the reserves, and there is a constant monitoring of the situation," noting that "in the short term, we cannot do anything just raising the amount of reserves and maintaining them, but in the long term it is considered a safety valve." of the Iraqi economy.
Saleh pointed out that "the size of these reserves depends and is linked to the monetary blocs also what is called the monetary basis. There is a proportion and proportionality that must also be achieved, so monetary policy studies its proportions and amounts accurately, so it monitors the movement of the Iraqi balance of payments from a deficit or surplus and the status of reserves and their strength and preservation, liquidity, size and all Variations are not easy and take time and scope.
The Deputy Governor of the Bank, Ihsan Shamran, had revealed to Shafaq News Agency, that Iraq's reserves of hard currency, which includes the cash currency of the dollar, the euro, sterling and other other foreign currencies, in addition to the gold reserves have risen to more than 64 billion dollars.
Talabani meets with the leaders of the coordination framework to discuss two files
An informed political source said that a meeting was held between the President of the Patriotic Union of Kurdistan, Bafel Talabani, and the leaders of the Coordination Framework, to discuss the two files of the position of the President of the Republic and the formation of the next government.
The source told Shafaq News Agency, "A delegation from the Union headed by Bafel Talabani, head of the party, is holding a meeting with the leaders of the coordination framework, who are \\\\ Hadi al-Amiri and Qais al-Khazali at the house of Mam Jalal (the late Iraqi president and father of Bafel Jalal Talabani) in the center of the capital, Baghdad."
The source added that "the meeting will discuss the issue of the crisis of naming the new president of the republic, as well as the formation of the new government."
The Patriotic Union of Kurdistan nominated the current president, Barham Salih, to occupy his position for a second term.
Al-Kazemi Confirms His Keenness To Activate The Chinese Agreement And Implement All Of Its Paragraphs
The caretaker Prime Minister, Mustafa Al-Kazemi, affirmed, on Monday, the government’s keenness to activate the Iraqi-Chinese framework agreement, and the high coordination between the two countries in implementing all its paragraphs.
A statement by Al-Kazemi's office, which was seen by (the information), stated that "Al-Kazemi received, today, the Ambassador of the People's Republic of China in Baghdad, Zhang Tao, on the occasion of the end of his work in Iraq," noting that "Al-Kazemi praised the efforts of the Chinese ambassador during the period of his assignments in Iraq."
Al-Kazemi praised “the level of bilateral relations between the two friendly countries, and Iraq’s aspiration to develop them, a partnership that culminated in more strategic cooperation in various economic, trade, and cultural fields, as well as in the fields of energy, investment, and security.”
He stressed, "the government's keenness to activate the Iraqi-Chinese framework agreement, and the high coordination between the two countries in implementing all its paragraphs," expressing "the Iraqi government's welcome to Chinese companies, providing the necessary facilities for them, and overcoming the obstacles they face."
For his part, Chinese Ambassador Zhang Tao affirmed his government's support for Iraq and its aspiration to develop relations between Baghdad and Beijing at various levels, in a manner that achieves the interests and aspirations of the peoples of the two friendly countries.
An Economist Clarifies The Fate Of The 2022 Budget Under The Caretaker Government
The economic expert, Nabil Jabbar Al-Ali, ruled out, on Monday, passing the financial budget in Parliament in the event that it is sent by the caretaker government, noting that the constitution provides for its submission by the original government exclusively.
Al-Ali said in a statement to "Al-Maalouma", that "sending the 2022 budget by the caretaker government is a mistake, and it is unfair to the next government."
He added that "the draft budget is one of the most important tools of the government program for the new government," noting that "the important part of the 2022 draft budget is the investment part, which is about 30% of the projects."
Al-Ali pointed out that "the new government is concerned with sending the budget to Parliament and approving it under spending legislation."
Member of Parliament Jamal Cougar had previously considered the request of some independent deputies to send the budget to Parliament as ignorant of the constitution, suggesting that the 2022 budget will be for eight months.
Worth $27 billion... an "Iraqi - French" deal is threatened with cancellation due to disputes
A $27 billion agreement between the French company Total and Iraq has been suspended, amid disagreements over the terms and risks that the new government has canceled in the country.
Total agreed last year to invest in four oil, gas and renewable energy projects in the southern Basra region over a period of 25 years.
The agreement, which was signed by the Iraqi Oil Ministry in September 2021, came after the visit of French President Emmanuel Macron.
Reuters quoted three sources in the Iraqi Oil Ministry and industrial sources participating or familiar with the negotiations; The ministry had not reached agreement on the financial details of the deal with all government departments that needed to be approved, and it has been mired in disagreements ever since.
The agreement now needs approval from the new Iraqi government, including the new oil and finance ministers, who will not be in office until at least the end of March.
Total Energy said it was progressing toward closing the deal, but added that "the agreements remain subject to conditions that must be met and lifted by both sides."
A group of Iraqi parliamentarians wrote to the Oil Ministry in January to demand details of the deal and asked why it was signed without competition and transparency. Parliament may force the Oil Ministry to review or cancel the deal.
Under the draft terms, Total is counting on getting $10 billion in initial investments to finance the broader project through oil sales from the Artawi oil field, one of four projects in the broader agreement, according to the sources.
The Artawi field pumps 85,000 barrels of oil per day, and instead of Total getting its share, the proceeds go to government coffers.
Iraqi oil sources participating in the negotiations said that Total is scheduled to receive 40 percent of the revenues from Artawi's oil sales.
This dwarfs more than the 10-15% that investors would have obtained from earlier projects through technical service contracts in Iraq, which reimbursed foreign companies for capital and production costs and paid a fixed bonus fee with crude oil.
Iraqi Oil Ministry officials argue that the country needs to be able to compete with other energy-producing countries to attract major investors such as Total.
"We need to provide more incentives," said a senior oil ministry official.
Iraq has struggled to attract significant new investment into the energy industry since signing a series of deals after the US invasion more than a decade ago. The Iraqi government has repeatedly cut oil production targets as the international oil companies that signed those initial deals leave due to poor revenue from revenue sharing agreements.
Total also has concerns about the deal, and the French company has refused to have the Iraqi National Oil Company (INOC) as its partner in the project, which is also delaying completion of the deal, according to the two sources.
The Iraq National Oil Company (INOC) is the reconstituted Iraqi national oil company, which was created to simulate companies like giant Saudi Aramco, but its legal status has not been fully clarified by the new Iraqi government and parliament, presenting a risk to Total.
The oil production capacity in Iraq has grown from 3 million to about 5 million barrels per day in recent years, but the exit of major oil companies such as ExxonMobil and Shell from a number of projects due to weak revenues means that future growth is uncertain.
Developments have also slowed due to the increasing focus of investors on environmental, social and governance standards. Iraq at one time aimed to become a competitor to Saudi Arabia, the world's largest producer, with production of 12 million barrels per day, or more than a tenth of global demand.
Besides Artawi, the deal with Total consists of a 1 gigawatt solar power plant, a 600 million cubic feet per day gas processing facility, and a $3 billion seawater supply project.
The demand is increasing"... Iraq opens new stations for filling liquid fuel for cars
On Monday, the Iraqi Ministry of Oil directed its formations to open new outlets to fill gas-to-liquid fuel for vehicles, noting the increasing demand by vehicle owners.
The ministry said in a statement received by Shafaq News Agency, that the Undersecretary of the Ministry of Oil, Hamid Younis Al-Zobaie, directed, during a meeting that included the directors of the General Company for Gas Filling and Services and the Products Distribution Company, to open new outlets for the smooth supply of vehicles with liquid gas fuel, after the increased demand that the system witnessed by vehicle owners.
During the meeting, Al-Zobaie stressed the ministry’s keenness to develop the field of clean energy through the implementation of the national project to add a liquid gas system to cars, which is characterized by its low emissions that are harmful to the environment and its low material costs compared to other types of fuel, as well as its contribution to extending the life of the car engine and reducing its periodic maintenance.
In the same context, Al-Zobaie said, according to the statement, that the ministry had adopted liquid gas systems from solid international origins that meet all safety and security conditions and in a manner that is compatible with the climatic conditions of Iraq, adding that the engineering and technical teams of the ministry continuously follow up on the work of the system and make the necessary updates that will provide The best services for citizens.
Government advisor: Iraq's money abroad is surrounded by a high legal fence
Mazhar Muhammad Salih told {Euphrates News}: “Since the issuance of UN Security Council Resolution No. 1483 in May 2003, the United States has linked Iraqi oil to the compensation for the Kuwait war, and that the money is placed in the Federal Reserve Bank in New York. Iraq has been since 2003 and until 2013 is protected by US Presidential Order.
And he indicated that "this decision protects Iraq's money from any legal claims or lawsuits brought by creditors."
Saleh noted, "The United Nations issued a resolution in 2010 to lift protection, and Iraq's funds and revenues remained stable and surrounded by a high fence of legal protection, and Iraq's funds remained protected."
US President Joe Biden's decision, which he signed last Friday, to dispose of $7 billion of the frozen assets of the Afghan Central Bank and give part of it to the victims of the September 11, 2001 attacks, raised Iraqi fears of a similar behavior by the US administration towards Iraqi funds in the United States.
But the Iraqi government dispelled these concerns about Iraqi assets and said that "it cannot happen to Iraq as it happened with Afghanistan, because relations with the United States are good and normal."
A government advisor to Al Furat News stressed, "Dealing with the Iraqi financial system and in the United States on a regular basis, and that Iraq has ambitions for high stability," noting that "our relations with America are sufficient to stand up to any such demands."
Source: Al-Attar rejects Al-Sadr's initiative that includes lifting the veto on Al-Maliki and participating in 40 seats
Sources close to the forces of the Coordination Framework revealed, on Monday, February 14, 2022, that the framework rejected an initiative presented by the leader of the Sadrist movement, Muqtada al-Sadr, which includes retracting the veto against the head of the State of Law coalition, Nuri al-Maliki, and participating .in parliamentary seats
The sources said that al-Sadr had recently informed the coordination framework of his retreat from the veto against the leader of the State of Law coalition, Nuri al-Maliki, but he requested the framework's participation with .only 40 seats within the coalition that forms the government
The source added that al-Sadr left to the coordination forces the options of joining the opposition or participating .in the government, according to what the framework sees itself as distributing roles
Al-Sadr’s proposal was rejected by the coordination leaders, because the framework forces want the participation of the entire framework alongside the Sadrist movement to present the largest parliamentary bloc, while Al-Sadr’s .proposal divides the framework into opposition to the government and participation in it
Al-Sadr, whose current led the elections that took place last October, refused to enter into an alliance with parties .in the framework to form the largest bloc
He had announced earlier, his decision to freeze negotiations with all political blocs regarding the formation of the .new government
Observers believe that the Sadrist movement has no choice but to agree with the coordinating framework in whole .or in part to proceed with the project of forming a government The framework had announced an initiative to get out of the "political blockage" in the country, stressing that the ".political differences had caused "the constitutional period to be exceeded
The coordination framework initiative includes "inviting all political forces and national figures to start a new phase of communication and dialogue, to achieve the constitutional obligations and complete the sovereign positions, in ".order to achieve a real partnership in managing the country that belongs to all citizens
Al-Kazemi in Al-Hananah to meet Al-Sadr
Today, Monday, Prime Minister Mustafa Al-Kazemi intends to visit the leader of the Sadrist movement, Muqtada al-Sadr, at his home in Najaf.
An informed source in Najaf Governorate told Shafaq News Agency that Prime Minister Mustafa Al-Kazemi will visit later today, Al-Hanana area in Najaf to meet with Mr. Muqtada Al-Sadr, without further details.
During the past weeks, the leader of the Sadrist movement, Muqtada al-Sadr, received at his home in Al-Hanana in Najaf, a number of high-ranking political figures, including the President of the Kurdistan Region, Nechirvan Barzani, and the Speaker of the Iraqi Parliament, Muhammad al-Halbousi, the last of which was the visit of Iranian General Ismail Qaani.
The Sadrist bloc topped the October 10 elections, with 73 seats, followed by the Progress Alliance with 37, the State of Law coalition with 33, and the Kurdistan Democratic Party with 31.
Al-Sadr seeks to form a national majority government by excluding some forces from it, led by the State of Law coalition led by former Prime Minister Nuri al-Maliki, unlike the rest of the Shiite forces within the coordination framework that demand a consensual government in which all political forces in Parliament participate, similar to previous sessions.
It is reported that Al-Sadr received, on January 6, Al-Kazemi at his home in Al-Hanana, without issuing any clarification from the two sides about the meeting, but observers believe that Al-Kazemi is seeking new support to win a second term to head the Iraqi government.
148,075
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The price is in most Baghdad exchanges
Purchase
147,500
sale
148,500
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Sulaymaniyah - Bursa
148,175
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Basra - Bursa
148,150
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Erbil - Bursa
148,150
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Samawa - Bursa
148,200
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Mosul - Bursa
148,200
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1438.3000 |  1491.2000 | 1458.0000 | 1457.8000 | 1458.0000 | 0.3000 | 15:03 |
| USD/VND | 22725.0000 | 22735.0000 | 22703.2500 | 22673.5800 | 22673.5800 | 30.5600 | 03:35 |
| USD/CNY | 6.3581 | 6.3603 | 6.3619 | 6.3537 | 6.3538 | 0.0043 | 05:07 |
| USD/KWD |  0.3020 | 0.3030 | 0.3021 | 0.3020 | 0.3021 | -0.0001 | 05:06 |
| GBP/USD | 1.3511 | 1.3512 | 1.3571 | 1.3495 | 1.3551 | -0.0018 | 05:19 |
| USD/IRR | 42000.0000 | 42500.0000 | 42255.3000 | 42237.1000 | 42255.3000 | 7.4000 | 11:28 |
| USD/IDR | 14326.0000 | 14327.0000 | 14351.0000 | 14316.0000 | 14338.0000 | -9.0000 | 05:17 |
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Al-Kazemi in Al-Hananah to meet Al-Sadr
Today, Monday, Prime Minister Mustafa Al-Kazemi intends to visit the leader of the Sadrist movement, Muqtada al-Sadr, at his home in Najaf.
An informed source in Najaf Governorate told Shafaq News Agency that Prime Minister Mustafa Al-Kazemi will visit later today, Al-Hanana area in Najaf to meet with Mr. Muqtada Al-Sadr, without further details.
During the past weeks, the leader of the Sadrist movement, Muqtada al-Sadr, received at his home in Al-Hanana in Najaf, a number of high-ranking political figures, including the President of the Kurdistan Region, Nechirvan Barzani, and the Speaker of the Iraqi Parliament, Muhammad al-Halbousi, the last of which was the visit of Iranian General Ismail Qaani.
The Sadrist bloc topped the October 10 elections, with 73 seats, followed by the Progress Alliance with 37, the State of Law coalition with 33, and the Kurdistan Democratic Party with 31.
Al-Sadr seeks to form a national majority government by excluding some forces from it, led by the State of Law coalition led by former Prime Minister Nuri al-Maliki, unlike the rest of the Shiite forces within the coordination framework that demand a consensual government in which all political forces in Parliament participate, similar to previous sessions.
It is reported that Al-Sadr received, on January 6, Al-Kazemi at his home in Al-Hanana, without issuing any clarification from the two sides about the meeting, but observers believe that Al-Kazemi is seeking new support to win a second term to head the Iraqi government.
Al-Kazemi’s advisor: The rise in central bank reserves ensures the stability of the dinar
link
Adviser to the Prime Minister Mazhar Muhammad Salih stated, on Monday, that the rise in the hard currency reserves of the Central Bank of Iraq guarantees the stability of the local currency.
Saleh said in an interview with Shafaq News Agency that "the reserves of the Central Bank decreased during the last period due to the health crisis and the financial crisis in 2020," noting that "the monetary policy of the Central Bank was balanced and was able to restore these reserves by more than 23 percent at the present time, to reach 64 Billion dollar".
He added that "the rise of the hard currency gives a positive signal to the Iraqi economy and gives precautionary reassurance to the stability of the Iraqi dinar," noting that "the issue is being monitored over the long period and its importance in defending the value of the dinar and stability in the service of monetary policy goals, stability of the currency value and reducing inflation."
Saleh stressed that "the monetary policy is currently a rational, balanced policy that has managed to maintain the value of the dinar and the stability of the reserves, and there is a constant monitoring of the situation," noting that "in the short term, we cannot do anything just raising the amount of reserves and maintaining them, but in the long term it is considered a safety valve." of the Iraqi economy.
Saleh pointed out that "the size of these reserves depends and is linked to the monetary blocs also what is called the monetary basis. There is a proportion and proportionality that must also be achieved, so monetary policy studies its proportions and amounts accurately, so it monitors the movement of the Iraqi balance of payments from a deficit or surplus and the status of reserves and their strength and preservation, liquidity, size and all Variations are not easy and take time and scope.
The Deputy Governor of the Bank, Ihsan Shamran, had revealed to Shafaq News Agency, that Iraq's reserves of hard currency, which includes the cash currency of the dollar, the euro, sterling and other other foreign currencies, in addition to the gold reserves have risen to more than 64 billion dollars.
Worth $27 billion... an "Iraqi - French" deal is threatened with cancellation due to disputes
A $27 billion agreement between the French company Total and Iraq has been suspended, amid disagreements over the terms and risks that the new government has canceled in the country.
Total agreed last year to invest in four oil, gas and renewable energy projects in the southern Basra region over a period of 25 years.
The agreement, which was signed by the Iraqi Oil Ministry in September 2021, came after the visit of French President Emmanuel Macron.
Reuters quoted three sources in the Iraqi Oil Ministry and industrial sources participating or familiar with the negotiations; The ministry had not reached agreement on the financial details of the deal with all government departments that needed to be approved, and it has been mired in disagreements ever since.
The agreement now needs approval from the new Iraqi government, including the new oil and finance ministers, who will not be in office until at least the end of March.
Total Energy said it was progressing toward closing the deal, but added that "the agreements remain subject to conditions that must be met and lifted by both sides."
A group of Iraqi parliamentarians wrote to the Oil Ministry in January to demand details of the deal and asked why it was signed without competition and transparency. Parliament may force the Oil Ministry to review or cancel the deal.
Under the draft terms, Total is counting on getting $10 billion in initial investments to finance the broader project through oil sales from the Artawi oil field, one of four projects in the broader agreement, according to the sources.
The Artawi field pumps 85,000 barrels of oil per day, and instead of Total getting its share, the proceeds go to government coffers.
Iraqi oil sources participating in the negotiations said that Total is scheduled to receive 40 percent of the revenues from Artawi's oil sales.
This dwarfs more than the 10-15% that investors would have obtained from earlier projects through technical service contracts in Iraq, which reimbursed foreign companies for capital and production costs and paid a fixed bonus fee with crude oil.
Iraqi Oil Ministry officials argue that the country needs to be able to compete with other energy-producing countries to attract major investors such as Total.
"We need to provide more incentives," said a senior oil ministry official.
Iraq has struggled to attract significant new investment into the energy industry since signing a series of deals after the US invasion more than a decade ago. The Iraqi government has repeatedly cut oil production targets as the international oil companies that signed those initial deals leave due to poor revenue from revenue sharing agreements.
Total also has concerns about the deal, and the French company has refused to have the Iraqi National Oil Company (INOC) as its partner in the project, which is also delaying completion of the deal, according to the two sources.
The Iraq National Oil Company (INOC) is the reconstituted Iraqi national oil company, which was created to simulate companies like giant Saudi Aramco, but its legal status has not been fully clarified by the new Iraqi government and parliament, presenting a risk to Total.
The oil production capacity in Iraq has grown from 3 million to about 5 million barrels per day in recent years, but the exit of major oil companies such as ExxonMobil and Shell from a number of projects due to weak revenues means that future growth is uncertain.
Developments have also slowed due to the increasing focus of investors on environmental, social and governance standards. Iraq at one time aimed to become a competitor to Saudi Arabia, the world's largest producer, with production of 12 million barrels per day, or more than a tenth of global demand.
Besides Artawi, the deal with Total consists of a 1 gigawatt solar power plant, a 600 million cubic feet per day gas processing facility, and a $3 billion seawater supply project.
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