WOTS WED MAR 16 22
Qaani in Baghdad, two days after the bombing of Erbil
These are the article I discussed on the My FX Buddies Podcast:
Deputy Reveals The Date Of The Next Meeting Between The Framework And The Current
On Wednesday, the deputy and member of the coordination framework, Thaer Mukhif, revealed the date of the next meeting between the Sadrist movement and the coordination framework.
Makheef said in a statement to the Information Agency, that "the next meeting between the coordination framework and the Sadrist movement will be before the next parliament session to discuss the formation of the largest bloc and the specifications of the prime minister."
He added that "the parliament session concerned with forming the government and resolving the presidential file on the 26th of this month is unlikely to be without prior agreements or understandings between the coordination framework and the Sadrist movement."
He pointed out, "The importance and necessity of unifying the Shiite decision and forming the largest bloc in the next stage, because it will be a sensitive stage that will not bear new failures."
The Secretary-General of the Movement of My Country, Zahra Al-Bajari, confirmed, earlier, that the coordinating framework is unified in its political dialogues and negotiations with the rest of the blocs and currents, while indicating that there are signs of agreement on the Prime Minister
Washington's ambassador in Baghdad announces the readiness of American companies to enter the Iraqi market to secure food security
The US ambassador to Baghdad, Matthew Toler, announced the readiness of American companies to enter the Iraqi market to secure food security. This came during a meeting with Minister of Commerce Alaa Al-Jubouri, in his office, today, Wednesday, with the US ambassador to Iraq, Matthew Toller and his accompanying delegation.
And the Ministry of Commerce stated in a statement, that “the two sides discussed during the meeting several files, the most important of which is the repercussions of the Russian-Ukrainian war on food prices and their rise globally and the provision of global food security, as well as discussing the reasons for the delay in wheat cultivation in some areas due to the climate, regional conflicts and others, and to determine future visions.” between the two countries and work to remove obstacles and join efforts to facilitate the movement of trade exchange between them.”
During the meeting, Minister al-Jubouri referred to “the future measures of the Ministry of Trade to secure the strategic storage of wheat, and the effect of preparing the food basket, its flow and speed of processing, contributed to limiting the rise in prices in Iraq’s markets.”
Al-Jubouri noted at the same time, "Iraq's keenness to develop its commercial and economic relations with all countries of the world, especially the United States of America, in light of the directives of the Prime Minister to openness to the global market and the importance of developing and developing joint relations at all levels and seeking to open new channels of communication with the countries of the world."
For his part, the US ambassador stressed the "importance of developing and activating relations in the economic and commercial aspect, and cooperation in the field of ensuring food security for Iraq, and the readiness of American companies to enter the Iraqi market."
Deputy: Iraq Is Experiencing Stagnation And The Budget Will Not Be Sent Before The Middle Of The Year
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Member of Parliament Jamal Kougar revealed, on Wednesday, that the country has been subjected to a state of stagnation due to the delay in sending the budget, while it is expected that it will be sent in the middle of this year.
Cougar said in an interview seen by / the information /, that "the country stopped its situation due to the failure to approve the 2022 budget, and this matter happens every year due to political differences and politicians' interference in all matters, which made the country's condition frozen until further notice, which may extend to the middle of year in the event of the formation of the government.”
He added that "the budget will not be approved because it is the political blocs that obstruct this, as the implementation of the budget law and others come at the last of their priorities," noting that "the constitutional timings are not fixed, and there are constitutional timings that require the government to ratify and send the budget before mid-October." Every year, and before the beginning of the new year, the budget must be ratified, but the budget, unfortunately, is delayed and this has no solutions for not implementing the law.”
And he continued: "Twenty years ago, the country has not implemented the budget law in its timing, and since that time the budget has been delayed and all the affairs of the country have stopped until employee promotions and bonuses," noting "the possibility of sending the budget in the middle of this year when the government has been formed because they need it, and otherwise no Parliament can do something in this aspect until the new government is formed.
What happened and what happened in the cabinet meeting yesterday?
Prime Minister Mustafa Al-Kazemi presided over the tenth regular session of the Council of Ministers.
At the beginning of the session, the Prime Minister was briefed on a comprehensive presentation of the latest developments in the follow-up to the economic crisis and the measures taken by the government to remedy the effects of the global economic crisis and the global transport crisis related to high fuel prices, and to mitigate its impact on prices, citizens and the Iraqi local market.
The council discussed the distribution of the cost of living grant and the groups covered by it, and approved its distribution in a way that ensures justice and inclusion of the neediest groups.
The Council listened to a presentation on the latest health precautionary measures in follow-up, and to ensure the implementation of health measures to enhance national protection against the Corona epidemic, and the applications taken in this regard and the progress of the process of distributing vaccines and their availability in official outlets, and following up on digital data regarding the spread of the pandemic and the level of equipment and preparations in the country, were reviewed. Our health institutions are facing it.
The Council of Ministers hosted the advanced cadre of the Ministry of Electricity, where a number of paragraphs related to the ministry’s preparations for the upcoming summer season, and its plans in the field of production and maintenance, were discussed
. Obstacles in meeting the challenge of increasing production.
His Excellency directed the concerned departments in the Ministry to mobilize and mobilize around the clock in the field of maintenance implementation; To ensure that the citizen is provided with more hours of the national electricity service during the upcoming summer months and to alleviate suffering in this field.
The Council was briefed on the topics on its agenda and the issues presented and took the necessary decisions in their regard, as follows:
First, the Council agreed to: 1- Requiring all lagging government institutions to provide the Ministry of Planning with the data required to complete the unified job number according to the planned schedule.
2- Salaries are disbursed to the number of employees installed in the Ministry of Planning in the job number database as of July 1, 2022, and those who fail will be held
accountable.
Second / Approval of the amendment of the Cabinet Resolution (352 of 2021) as follows:
1- Approval of the implementation of the automation project for the Municipality of Baghdad (Upgrading Program - Comprehensive Transformation of the Municipality of Baghdad), as an exception to the Council of Ministers Resolution (245 of 2019), and based on the Public Companies Law (22 for the year 1997).
Third / Approval of the Ministry of Electricity's contract with Iran's Tavanir Company, according to the following:
1- The term of the contract is five years and at a reduced price based on amending the first limit of the equation to be (3.4) instead of (4.6) cents / kWh.
2- The commitment of the Iranian side to supply a total electrical capacity of (1,000) megawatts as a minimum on all lines during the peak load months, provided that the commitment of the contracting parties to this contract is reviewed annually. An exception to the delay fines, as it was not included in the original contract, given that the contract is between two governments.
The limits of the price of a barrel of oil in the formula for calculating the cost of purchasing an energy unit are between $55 a barrel as a minimum and up to $90 a barrel as a maximum.
Fourth / Approval of the amendment of Cabinet Resolution No. (72 of 2022) according to the following:
Paragraph (1) of the decision is as follows
- Providing a government grant (100,000) dinars, only one hundred thousand dinars once in the name of (cost of living grant) presented to the categories The following:
Retirees who receive a salary of no more than 500,000 dinars per month for each file. Employees who receive a monthly income of no more than 500,000 dinars.
Families that receive a social welfare salary (per family). Those who receive a full-time employee’s salary (for people with disabilities and special needs). For families covered by the grant provided under the decision of the Supreme Committee for Health and Safety for the year 2019.
Paragraph (2) is as follows:
• Zeroing the customs duty on the necessary goods, including foodstuffs, building materials and consumables (three months), and reconsidering the decision after examining the crisis.
Paragraph (3) is as follows:
• Cancellation of all decisions issued regarding product protection related to banning the import of foodstuffs, consumables and medicines and allowing the import of the aforementioned materials (three months) and reconsidering their ban or permission to import them after examining the developments of the crisis.
Paragraph (8) is as follows:
• Finance the Ministry of Finance the amounts set out in paragraph (1 and 4 of Resolution No. (72 of 2022), and 3 of Resolution (70 of 2022) by 1/12 according to Cabinet Resolution 15 of 2022.
Iraq: The instability of oil markets will confuse the economies of producing and consuming countries
The Iraqi Ministry of Oil revealed, on Wednesday, its commitment to the decisions of the (OPEC Plus) system regarding oil prices, and while it indicated that the Iraqi decision is consistent with the collective decisions of the organization to achieve balance and address crises, it confirmed that the instability of oil markets will confuse the economies of producing and consuming countries .
A source in the Ministry of Oil told Shafaq News that "the Organization of Petroleum Exporting Countries (OPEC) has developed a plan since it was exposed to the economic crisis and the Covid-19 crisis, and thus succeeded in raising oil prices from $20 to the limits of $100 per barrel," noting, "But the Ukrainian-Russian crisis It also cast a shadow on the oil market, which affected the rise in prices and negatively affected the instability of prices."
The source, who asked not to be named, added that "the oil market is a fragile market affected by political tensions, wars, health conditions and economic crises, and leads either to a rise or a fall in prices," noting that "(OPEC Plus), after years, it found that it has to show solidarity with each other. In order to reach a collective decision aimed at achieving stability in the oil market, because it is in the interest of all countries to achieve stability and stability, which will reflect positively not only on the producing countries, but also on the consuming countries."
The source stressed that "Iraq is committed to the OPEC Plus agreement, and therefore any decision issued by the organization is a respectable decision, and the decisions that are issued are collective decisions whose goal is to achieve the required balance and stability in the oil market and to address crises logically," stressing that "instability will confuse the economies of producing and consuming countries." ".
Prices reached over the past week after traders cited media reports of an Iraqi minister claiming that the country was ready to increase production if requested by OPEC+.
The Iraqi Sumo Company had announced on March 9 that the level of oil exports supplied to the global market (Supply) is commensurate with the level of consumption and global demand (Demand) and that the programmed increases from OPEC + are sufficient to address any shortage in supplies.
She stated that Iraq possesses an additional production and export capacity estimated at 6%, but it needs some investments to be able to provide it to the market.
And since April 2021, the “OPEC +” alliance has restricted its production to control oil prices, after these prices witnessed a significant decline during the year 2020 after the spread of Corona, and it is monthly increasing the production of its members with its allies from outside by 400 thousand barrels per month distributed according to the production capacity of each Country.
Qaani in Baghdad, two days after the bombing of Erbil
An Iraqi parliamentary delegation inspects the sites targeted by Iran
The commander of the Quds Force in the Iranian Revolutionary Guard, Esmail Qaani, does not usually announce the visits to Baghdad. News of the visit is leaking behind the scenes to the communication sites and the media. Although Qaani's visits to Iraq where the three stations (Baghdad, Najaf and Erbil) were repeated during the past months following the elections, according to the political map that followed the results, there is an impression that the Iranian role has declined in Iraq. Iran was not able to stop the fragmentation of the Shiite house, unlike Turkey, which succeeded in uniting the Sunni house. Despite all the pressures exerted by Iran, it did not succeed in changing the project of the national majority adopted by the leader of the Sadrist movement, Muqtada al-Sadr, who wants to form a government without regional (not eastern) interventions, which is meant by Iran, or by international (not Western), which is meant by the states. United States of America.
Tehran, especially after the efforts of Turkish President Recep Tayyip Erdogan succeeded in uniting the Sunni house, began vigorous attempts to change the compass of the map of political alliances in Iraq in a transverse direction (Shiite house - Kurdish house - Sunni house), not longitudinal alliances, based on (Shiite party - A Sunni party - a Kurdish party), and in order to maintain this cohesion that preserves the Shiites’ status as a population majority, it must be translated into the form of a parliamentary majority, just as Tehran found in the success of others (especially the Turks) in uniting the Sunni house, which was until a few years ago Weakened by the spider web in terms of the component houses in Iraq, their failure, and then the decline of their role. From her point of view, this encourages others to be more daring about it, and it has had the upper hand in drawing maps and guiding the compass of alliances in Iraq since the post-2003 stage.
What is new about Qaani's visit to Baghdad this time is that it comes two days after the bombing of Erbil with Iranian ballistic missiles, with an explicit recognition from the Iranian Revolutionary Guards. Although the pretext for the bombing was the presence of an Israeli "Mossad" headquarters in Erbil, the political dimension was the most present after the bombing. Among what has been circulated in Iraqi political circles is that this Iranian bombing of Erbil is as much as a warning to Sadr that he is allying with a party that “cooperates with Israel.” On the other hand, it is part of the series of pressures exerted by Tehran on the leader of the Kurdistan Democratic Party, Massoud Barzani, the main accused In her view, tearing up the Shiite house. Therefore, according to what is being circulated in closed rooms, the aim of Qaani’s visit, unlike his previous visits, is to exploit the political consequences of the bombing, which Tehran insists on, which is to first convince Muqtada al-Sadr of the presence of “Mossad” in Erbil, which makes his position very critical. And it may push him, if there is firm evidence, to withdraw his alliance with the Democratic Party. This would confuse al-Sadr's plan in the majority coalition, and its slogan, which excludes Tehran from any role (neither eastern nor western). Iran believes that what it wants to invest in the current political atmosphere in Iraq will only be achieved by “smashing” the tripartite alliance so that all Shiites are in one alliance, and Tehran does not care after that that Sunnis and Kurds unite, or remain torn.
Al-Sadr, for his part, formed a joint investigation committee with Massoud Barzani to verify Iran's allegations. It is noteworthy that the outgoing Prime Minister, Mustafa Al-Kazemi, during his visit the day before yesterday to Erbil, demanded that Iran provide firm evidence, which means a kind of agreement with the position of the leader of the Sadrist movement.
In the light of these developments, Qaani came to Iraq with what is supposed to be convincing evidence of what Tehran claims in his bag. Qaani wants to kill two birds with one stone. In addition to the evidence that he will present to the leaders he will meet, he seeks to enter the bombing line, but through the gateway to the current incompatibility in the political process, which has become a concern for everyone because of the constitutional deadlines. Regardless of the nature of the results of the investigation, Iran is seeking to fill what seemed to be a vacuum in the Shiite balances, away from the alliance with the Kurds and Sunnis.
Qaani enters the Erbil bombing line through the gate of the political blockage
He came to Baghdad with "evidence" of Israeli activity in Kurdistan
The commander of the Quds Force in the Iranian Revolutionary Guard, Esmail Qaani, does not usually announce the visits to Baghdad. News of the visit is leaking behind the scenes to the communication sites and the media. Although Qaani's visits to Iraq where the three stations (Baghdad, Najaf and Erbil) were repeated during the past months following the elections, according to the political map that followed the results, there is an impression that the Iranian role has declined in Iraq. Iran was not able to stop the fragmentation of the Shiite house, unlike Turkey, which succeeded in uniting the Sunni house. Despite all the pressures exerted by Iran, it did not succeed in changing the project of the national majority adopted by the leader of the Sadrist movement, Muqtada al-Sadr, who wants to form a government without regional (not eastern) interventions, which is meant by Iran, or by international (not Western), which is meant by the states. United States of America.
Tehran, especially after the efforts of Turkish President Recep Tayyip Erdogan succeeded in uniting the Sunni house, began vigorous attempts to change the compass of the map of political alliances in Iraq in a transverse direction (Shiite house - Kurdish house - Sunni house), not longitudinal alliances, based on (Shiite party - A Sunni party - a Kurdish party), and in order to maintain this cohesion that preserves the Shiites’ status as a population majority, it must be translated into the form of a parliamentary majority, just as Tehran found in the success of others (especially the Turks) in uniting the Sunni house, which was until a few years ago Weakened by the spider web in terms of the component houses in Iraq, their failure, and then the decline of their role. From her point of view, this encourages others to be more daring about it, and it has had the upper hand in drawing maps and guiding the compass of alliances in Iraq since the post-2003 stage.
What is new about Qaani's visit to Baghdad this time is that it comes two days after the bombing of Erbil with Iranian ballistic missiles, with an explicit recognition from the Iranian Revolutionary Guards. Although the pretext for the bombing was the presence of an Israeli "Mossad" headquarters in Erbil, the political dimension was the most present after the bombing. Among what has been circulated in Iraqi political circles is that this Iranian bombing of Erbil is as much as a warning to Sadr that he is allying with a party that “cooperates with Israel.” On the other hand, it is part of the series of pressures exerted by Tehran on the leader of the Kurdistan Democratic Party, Massoud Barzani, the main accused In her view, tearing up the Shiite house. Therefore, according to what is being circulated in closed rooms, the aim of Qaani’s visit, unlike his previous visits, is to exploit the political consequences of the bombing, which Tehran insists on, which is to first convince Muqtada al-Sadr of the presence of “Mossad” in Erbil, which makes his position very critical. And it may push him, if there is firm evidence, to withdraw his alliance with the Democratic Party. This would confuse al-Sadr's plan in the majority coalition, and its slogan, which excludes Tehran from any role (neither eastern nor western). Iran believes that what it wants to invest in the current political atmosphere in Iraq will only be achieved by “smashing” the tripartite alliance so that all Shiites are in one alliance, and Tehran does not care after that that Sunnis and Kurds unite, or remain torn.
Al-Sadr, for his part, formed a joint investigation committee with Massoud Barzani to verify Iran's allegations. It is noteworthy that the outgoing Prime Minister, Mustafa Al-Kazemi, during his visit the day before yesterday to Erbil, demanded that Iran provide firm evidence, which means a kind of agreement with the position of the leader of the Sadrist movement.
In the light of these developments, Qaani came to Iraq with what is supposed to be convincing evidence of what Tehran claims in his bag. Qaani wants to kill two birds with one stone. In addition to the evidence that he will present to the leaders he will meet, he seeks to enter the bombing line, but through the gateway to the current incompatibility in the political process, which has become a concern for everyone because of the constitutional deadlines. Regardless of the nature of the results of the investigation, Iran is seeking to fill what seemed to be a vacuum in the Shiite balances, away from the alliance with the Kurds and Sunnis.
Middle East: Qaani seeks to dismantle the tripartite alliance and thwart the Sadr project
The London-based Al-Sharq al-Awsat newspaper said that Qaani's visit to Baghdad, two days after the Revolutionary Guards targeted Erbil, aimed to dismantle the tripartite alliance and thwart al-Sadr's project, not eastern and western.
The newspaper added that the goal of Qaani's visit was to invest in the political results of the bombing, and to convince al-Sadr of the Mossad's presence in Erbil, to push him to retreat from his alliance with the Democratic Party led by Massoud Barzani and the Alliance of Sovereignty.
The newspaper quoted unnamed sources as saying that Iran is seeking to unify the Shiite house in one bloc, and then monopolize the Kurds and Sunnis.
Qaani: A new chapter of the resistance has begun, and this is what concerns Iraq
The commander of the Quds Force in the Iranian Revolutionary Guards, Ismail Qaani, announced the start of a new chapter of the "resistance", while noting that the battlefield is "changing", and its steadfastness in the face of "criminal forces" is unshakable.
Qaani said, in a speech he gave after the bombing of Erbil, which was published by Iranian media today, Wednesday, that "today America is terrified of the resistance factions (...) They say we do not have combat forces in Iraq now, and they claim that they only have 2,500 advisers for repairs and reconstruction." .
Regarding the missile attack on Erbil, Qaani pointed out that "the criminal Zionist entity that once raised the slogan (from the Nile to the Euphrates) has now become humiliated." Palestine)".
And Erbil, the capital of the Kurdistan Region, was attacked in the late night of Sunday, March 13, 2022, by 12 "long-range" ballistic missiles, launched from outside the Iraqi borders, and landed in the vicinity of the American consulate and Kurdistan 24 station in the Salah al-Din resort, which resulted in material damage. In buildings and homes.
Below here is the Daily WOTS for Mar 16 22 Word on the Street Report:
Baghdad - the stock exchange147,200
The price in most exchanges
146,500
147,500
The exchange rates for yesterday, Tuesday, were as follows:
Baghdad - the stock exchange
147,350
....
Approximate price in exchange Baghdad
buying
146,750
Sale
147,750
—————————-
Najaf - Bursa
147,400
—————————-
Basra - Bursa
147,400
————————-
Sulaymaniyah - Bursa
147,350
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1434.5000 |  1489.3000 | 1456.7000 | 1456.5000 | 1456.5000 | 0.2000 | 15:06 |
| USD/VND | 22875.0000 | 22885.0000 | 22893.5000 | 22880.0200 | 22893.5000 | -14.7500 | 04:07 |
| USD/CNY |  6.3510 | 6.3530 | 6.3698 | 6.3432 | 6.3691 | -0.0188 | 05:21 |
| USD/KWD | 0.3036 | 0.3046 | 0.3038 | 0.3036 | 0.3038 | -0.0001 | 05:07 |
| GBP/USD | 1.3070 | 1.3070 | 1.3071 | 1.3034 | 1.3041 | 0.0028 | 05:24 |
| USD/IRR | 42050.0000 | 42650.0000 | 42305.3000 | 42287.1000 | 42305.3000 | 25.4000 | 11:28 |
| USD/IDR | 14280.0000 | 14282.0000 | 14316.0000 | 14238.0000 | 14306.0000 | -34.0000 | 05:23 |
Deputy: Iraq Is Experiencing Stagnation And The Budget Will Not Be Sent Before The Middle Of The Year
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Member of Parliament Jamal Kougar revealed, on Wednesday, that the country has been subjected to a state of stagnation due to the delay in sending the budget, while it is expected that it will be sent in the middle of this year.
Cougar said in an interview seen by / the information /, that "the country stopped its situation due to the failure to approve the 2022 budget, and this matter happens every year due to political differences and politicians' interference in all matters, which made the country's condition frozen until further notice, which may extend to the middle of year in the event of the formation of the government.”
He added that "the budget will not be approved because it is the political blocs that obstruct this, as the implementation of the budget law and others come at the last of their priorities," noting that "the constitutional timings are not fixed, and there are constitutional timings that require the government to ratify and send the budget before mid-October." Every year, and before the beginning of the new year, the budget must be ratified, but the budget, unfortunately, is delayed and this has no solutions for not implementing the law.”
And he continued: "Twenty years ago, the country has not implemented the budget law in its timing, and since that time the budget has been delayed and all the affairs of the country have stopped until employee promotions and bonuses," noting "the possibility of sending the budget in the middle of this year when the government has been formed because they need it, and otherwise no Parliament can do something in this aspect until the new government is formed.
The monetary impact of the dollar sale window
CBI Update: Just a note:
including $27,780,000. CASH
ISX Update: Shares Traded: Value Traded:
closed up
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