A banking exhibition in Al Qishla, Iraq to inform citizens about banking Iraqi News for APR 16 2022
Baghdad - the stock exchange
147,800
The price in most exchanges
147,250
148,250
The exchange rates for yesterday, Friday, were as follows:
Dollar selling prices: 148,000
Dollar purchase prices: 147,750
The matter was resolved.. The fact of renewing Mustafa AlKazemi as prime minister for a second term: an imposed reality
Today, Saturday, the coordinating framework clarified the fact of the renewal of Mustafa Al-Kazemi as prime minister for a second term in the .Iraqi government
On the possibility of renewing for a second term for Al-Kazemi, the leader in the framework, Jassim Muhammad Jaafar, confirmed to (Baghdad Today), that "it is unlikely at the present time, given that there are components within the coordination framework that reject this, as well as the Sadrist movement's unwillingness to do so ".to some extent
He explained, "Al-Kazemi's stay in the government administration at the present time is a fait accompli and imposed on everyone due to the lack of agreement of the political blocs on forming the government and announcing the largest bloc in order to achieve this, and therefore the government will continue until the formation of the ".next government
Parliamentary legal stresses work to find a formula for budget legislation
Today, Saturday, the Parliamentary Legal Committee confirmed the possibility of legislating the 2022 budget law under the caretaker government, noting that the House of Representatives is working to find a legal formula that would allow it to be passed.
The head of the age of the Parliamentary Legal Committee, Muhammad Anouz, told Al-Iraqiya News, and it followed (Al-Oula News), that "the dialogue is still continuing within the committee and the rest of the House of Representatives in order to find a sound legal formula that allows receiving the 2022 draft budget from the caretaker government."
He added, "The House of Representatives is the supreme legislative body, and it can provide a legal and legislative cover that allows meeting the needs of citizens, especially as the wheel of the economy awaits the financial allocations necessary to run the daily lives of citizens."
He added, "Any talk about the possibility or inability to submit the draft budget, does not stand in front of the necessary need of the Iraqi society, especially since there is a need to launch job opportunities and sectors awaiting solutions for budget legislation."
On the legality of enacting the budget law under the caretaker government, Anouz affirmed that, “there is no violation of the law, and what was stated in the caretaker government’s interpretation of the inability to legislate it does not mean that it is a law, as there is hierarchy and the constitution defines in its eighty-fifth article the process of submitting the budget from Before the Council of Ministers, the formula of the constitutional text was absolute and general and did not specify that it is possible or not possible, and what is meant by conducting daily business has to do with the budget because the lives of citizens depend on its approval.”
He stressed that "it is not correct to disrupt the budget more, and now the House of Representatives is working to find a legal formula to legislate the budget, and we believe that if it is permissible to legislate the food security law, the budget may be legislated because it is also a law, and whoever wants to challenge this before the Federal Court we tell him that he has the right to According to the law, it is not correct to further disrupt Iraq’s interests in the absence of a budget
An upcoming meeting of the heads of the Iraqi political blocs to get out of the "blockage"
The Parliamentary State of Law bloc announced, on Saturday, an upcoming meeting of the heads of political blocs to get out of the "blockage", noting that it may be held before Eid al-Fitr.
The deputy of the bloc, Dakhl Radi told Shafaq News Agency, "The side dialogues between the political forces are continuing and have not ended to get out of the political blockage."
He added, "We hope to get a result before the end of the month of Ramadan," stressing that "the dialogues between the leaders of the coordination framework and the Sadrist bloc are continuing and have not ended."
And Radi said, "The heads of the political blocs may hold a meeting to come up with a positive result during the month of Ramadan and before Eid al-Fitr."
During the past few days, the coordination framework conducted an intensive movement on all political forces, including the Triple Alliance, and handed over the framework's initiative to end the political blockage.
Since the Iraqi Council of Representatives held its first sessions on the ninth of last January, headed by President Mahmoud al-Mashhadani, the crisis of naming the largest bloc has emerged that has the exclusive right to choose the prime minister after being assigned by the President of the Republic, who must be elected by the Council, which is What has not been achieved so far.
The coordination framework insists on defining the identity of the largest parliamentary bloc, which must be "Shiite" because the prime minister is entitled to the Shiites, while the leader of the Sadrist movement Muqtada al-Sadr refuses to engage in an alliance with the framework forces combined and adheres to excluding the leader of the State of Law coalition Nuri al-Maliki and his bloc from any alliance.
Is the Sadrist movement within it?.. Eid al-Fitr holds a surprise revealed by the coordination framework for forming the Iraqi government
Today, Saturday, the coordination framework revealed the existence of wide movements in order to achieve consensus and form the government with the .participation of all political blocs, especially the Sadrist movement The leader in the framework, Jassim Muhammad Jaafar, said in an interview with (Baghdad Today), that "there are wide movements in order to achieve consensus and form the government with the participation of all political blocs, foremost of which is ".the Sadrist movement
Jaafar added, "The dialogues will have clear features and what the blocs have reached after Eid al-Fitr, and he must decide these days regarding announcing an agreement between the blocs, especially with the arrival of the framework initiative ".for all political blocs
And on the possibility of renewing for a second term for Al-Kazemi, the leader in the framework confirmed, “It is unlikely at the present time, given that there are components within the coordination framework that reject this, as well as the Sadrist ”.movement’s unwillingness to do so to some extent He explained, "Al-Kazemi's stay in the government administration at the present time is a fait accompli and imposed on everyone due to the lack of agreement of the political blocs on forming the government and announcing the largest bloc in order to achieve this, and therefore the government will continue until the formation of the ".next government
A parliamentarian on the crippled Iraqi government: This is the only key to the crisis
Representative Ahmed Al-Rubaie of the National Nahj bloc confirmed today, Saturday, that the key to the current crisis is the selection of the President of the Republic, and this matter needs political consensus.
Al-Rubaie said in a statement to Earth News, "The session to choose the president of the republic requires the presence of at least 220 deputies, and for this reason the sessions have not been held so far, in addition to the lack of political consensus between the various parties."
He stressed that "Parliament should continue its work, follow up on state institutions, monitor their performance and the extent of their application of the law, and not stand idly by."
The MP expressed his "hope that the political parties will reach a consensus formula and address the paralysis that is affecting the country at the present time, especially since the executive authority is still restricted in many matters and cannot proceed because it stems from a previous parliament and not the current one."
He pointed out that "the current government is considered a caretaker government and does not have the authority to legislate or introduce laws and move on strategic issues, in addition to the budget and other matters that concern the country's future."
The Central Bank resumes its financial dealings in Kirkuk after an 8-year hiatus
The Central Bank of Iraq agreed to resume its dealings with exchange companies and money transfers operating in Kirkuk, after eight years of suspension due to the repercussions of the ISIS war.
For his part, the owner of an exchange company in Kirkuk, Nariman Nasr Al-Din, said since 2015, we ask the Central Bank to do so constantly, but the bank expressed its approval after eight years.
Compared to the past, Nariman mentioned, the exchange rate of the currency will decrease by one thousand dinars for each banknote of 100 dollars, and this will be in the interest of citizens and all parties, because they will be able to obtain the dollar at a lower price.
The Central Bank of Iraq sells US dollars to exchange companies at 146 thousand dinars for every 100 dollars
Securities Prepares To Establish “Al-Hafiz Al-Amin” Bank
The Securities Commission intends to establish the “Al-Hafiz Al-Amin” bank during the next phase to take over the investor’s shares and funds, while expressing its hope to launch the trading of shares via mobile phones.
The head of the authority, Hassan Al-Agaili, said in a statement reported by the newspaper “Al-Sabah” and seen by / the information /, that “this bank is one of the important tools to provide a state of stability and reassurance for investors in the stock market,” noting that “in all the stock exchanges of the world there is an institution that plays this role.” Pointing out that "the authority issued instructions (the Custodian of the Year) in 2012 and the purpose of it was to attract a financial institution, whether it is a bank or a company that undertakes these operations."
He added that "the issue of any institution addressing safe custody requires a set of requirements, perhaps some of them are related to logistical matters, some are related to expertise, and others are in the name and reputation of the institution.
Al-Ugaili expressed his hope to "establish this project during the next two months to take over the preservation of the investor's shares and funds, and on the basis of his presence, trading is done through the transfer of funds and shares to be a place to save the shares and funds of investors.
A banking exhibition in Al Qishla to inform citizens about banking
Al-Qashla building in Al-Mutanabi Street, central Baghdad, witnessed a banking exhibition to educate citizens about banking services such as loans and deposits.
The Association of Private Banks stated that it held the exhibition in cooperation with the Central Bank, to inform citizens of banking services, including loans, investment deposits, electronic payment, and others.
She pointed out that the exhibition was held yesterday, Friday, and will continue today, Saturday, from nine in the evening until midnight.
Al-Maliki's coalition reveals great efforts to ally with the Sadrist movement
The representative of the State of Law coalition, Muhammad Al-Sihoud, confirmed that the coordinating framework is making great efforts to reach an agreement with the Sadrist movement.
Chihod said in a press interview, "What is happening these days in the country of political obstruction and the rise in prices requires the political forces to unify their position in order to expedite the formation of a consensual government capable of overcoming crises."
He added that "the only solution to get out of the current crisis is for the political parties to sit down and announce the Shiite parliamentary bloc, the most numerous in the parliament."
He pointed out that "the coordination framework is making great efforts to reach an agreement with the Sadrist movement to nominate the prime minister and form the next government away from the language of exclusion and marginalization.
It will not reach 5% .. Al-Maliki's coalition refuses to repeat the elections
A member of the State of Law coalition, Mahmoud al-Salami, confirmed today, Saturday, that some political blocs are betting on the re-run of the elections procedures, while expressing his rejection of this and explaining the reasons.
Al-Salami said that "the early elections that took place were the result of popular pressure and the pressure of the reference, so some political blocs are betting on re-conducting the elections to get a greater opportunity."
He added, "The participation rate in the elections reaches 20%, but after the political failures and frustration that afflicted the Iraqi street, the participation rate, if the elections are repeated, may not reach 5%."
Al-Salami added, "The issue of re-electing is not feasible and is not the best solution. Rather, there must be an agreement during the next stage between the political forces to cross the country to safety
Iraq admits it is under pressure to raise oil production outside OPEC
The Iraqi Oil Minister did not clarify who is pressuring his country to raise production, but observers believe that the pressure is related to the repercussions of the Russian war on Ukraine
Iraqi Oil Minister Ihsan Abdul-Jabbar revealed today, Saturday, in an interview with Al-Hadath TV, that Iraq was under pressure to increase its oil production outside the scope of OPEC's production policy, apparently from the repercussions of the Russian war on Ukraine.
The minister added that OPEC is committed to providing the necessary oil supplies to make up for any shortfall in crude oil.
Although the Iraqi Oil Minister did not clarify who is pressing for his country to raise oil production, the West, led by the United States of America, wants to raise production to put pressure on Moscow to push it to stop fleeing from Ukraine.
And it is not only Iraq that is under pressure, as a number of Gulf countries such as Saudi Arabia and the United Arab Emirates are under the same pressure.
After the Russian invasion, Saudi Arabia stressed the importance of the OPEC + agreement for the stability of global oil prices, stressing its commitment to the agreement reached by the Organization of Petroleum Exporting Countries (OPEC) and ten producers from outside it, led by Russia.
The Kingdom and the UAE have previously announced their commitment to the oil cartel agreement (OPEC +), and the latest announcement comes as Western pressure continues on Saudi Arabia and the UAE to raise oil production, while prices record record jumps , and
Riyadh and Abu Dhabi can pump about 2.5 million additional barrels per day, but the two Gulf countries are committed to the OPEC agreement. + By gradually increasing production for the oil cartel at a rate of 400,000 barrels per day.
With the West losing hope that Riyadh and Abu Dhabi will raise production, attention is turning to Iraq, which is one of the largest oil producers, to raise production outside the framework of the OPEC agreement.
On the other hand, the Iraqi Oil Minister revealed that the Oil Ministry intends to sign a contract with the American company Halliburton to verify the volume of oil and gas reserves in the western desert of the country before entering into negotiations with international companies interested in investing in this region.
The minister added in an interview broadcast on Friday with Iraqi "Al-Furat" TV, that the Ministry of Oil is currently conducting studies and investigations regarding the availability of oil and gas in the Western Desert, before entering into negotiations with Saudi Aramco and Chevron to invest in this sector.
He said, "The Ministry of Oil has preliminary studies indicating that the quantities in this area are low, and Iraqi exploration teams were sent to verify these studies. In addition, we have decided to work with the American company Halliburton to drill a number of medium-sized wells."
He explained that work is underway to activate the contract with the company after the Eid al-Fitr holiday so that, according to the results of the expected studies, negotiations with Chevron and Saudi Aramco will be resolved.
He stressed that the Ministry of Oil is proceeding with its projects to verify Iraq's gas capabilities in the Western Desert, so that the picture is clear to those interested in investing in this field by Chevron and Aramco, and that the exploration operations by the Iraqi teams are proceeding in parallel with the activation of the contract with the American company Halliburton.
Minister Abdul-Jabbar said regarding the negotiations between the federal government and the Kurdistan region on the oil file, that the negotiations on resolving the Kurdistan contract crisis in accordance with the Iraqi constitution and the decision of the Federal Supreme Court in Iraq need a mutual concession from the two parties
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