Sunday, May 15, 2022

The Finance Committee sets a deadline for voting on the Food Security Law Iraqi News For MAy 13th and 14th of 2022

The Finance Committee sets a deadline for voting on the Food Security Law Iraqi News For MAy 13th and 14th of 2022


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These are the articles I discuss on the My FX Buddies Podcast:




From 3 paragraphs.. Parliament publishes the agenda of the Saturday session

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The Media Department of the House of Representatives announced, on Friday, the agenda for the session tomorrow, Saturday.
A statement by the department said, "Mawazine News" received a copy of it, that "the session will witness the vote on the draft law on emergency support for food security and development, and discuss the issue of current events in Sinjar district, in addition to general discussions."

Session No. (8) Saturday 14/Apr 2022

 SS

 Ethrat Al-Shamin (reading verses from the Holy Qur’an)

 First: To vote on the draft law on emergency support for food security and education.  (Finance Committee).

 Second: Discussing the issue of current events in the Judiciary

 Parliamentary

 Third: General discussions

 Its stars are Ni Ninh Ran

 The session begins: eleven o'clock in the morning.

BUT THEN.....

Parliament postpones Saturday session

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The Parliament's Media Department announced today, Friday, the postponement of its session scheduled for tomorrow, Saturday.
The department stated in a statement received by the Iraqi News Agency (INA), that "at the request of some parliamentary blocs, and for further consultations for the maturation of the emergency support law for food security and development and for the need for more time, it was decided to postpone tomorrow's session."




OPEC announces its participation in the Iraq Energy Forum to be held in June

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Today, Friday, OPEC revealed that it will participate in the sixth Iraq Energy Forum in Baghdad, .which will be held from June 18-20 According to a report by "hellenic shipping news", translated by (Baghdad Today), "the forum will ".be held under the slogan "The Middle East is the cornerstone of global energy security

He added, "The forum is expected to welcome a large number of government officials, policy ".makers, industry leaders, experts and analysts from all over the world

He pointed out that "the event will cover a number of important issues related to energy, including global energy security, energy transition, and uncertainties related to economic ".recovery, investment, and sustainable development We are very excited to return to Baghdad and participate in the Sixth International Energy" Forum, which is taking place at a defining moment in the history of the energy sector," said OPEC Secretary-General Muhammad Barkindo. "It promises thought-provoking discussions on some of ".the most important issues

He added, "The forum has evolved into a major regional event attracting eminent figures from ".Iraq's energy industry, high-level policy makers and some of the leading energy thinkers As the birthplace of OPEC in 1960 and one of the world's most important oil suppliers, Iraq is" well suited to hosting discussions on how to ensure a stable, secure and sustainable energy .future for all," Barkindo continued

The forum will also host the official launch of the book OPEC 60 Years and Beyond: A Story of Courage, Collaboration and Commitment, which is prepared to celebrate the organization's 60th .anniversary

 


Baghdad and Muscat sign a memorandum of understanding for securities

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 The Iraqi Securities Authority announced today, Friday, the signing of a memorandum of understanding with the Muscat Securities Exchange. 
 A statement by the authority received by the Iraqi News Agency (INA), stated that "the Iraqi Securities Authority, represented by its Chairman Hassan Hammoud Al-Akaili, participated in the sixteenth annual meeting of the Federation of the Arab Securities Authority in Muscat / Sultanate of Oman, to cooperate in the development of Arab financial markets by upgrading aspects legislative and regulatory.
The statement added, "In the same context, the Iraq Stock Exchange, represented by the Chairman of the Board of Governors, Thaer Al-Mukhtar, and in the presence of the Chairman of the Securities Authority, Hassan Hammoud Al-Akaili, the expert Executive Director Taha Ahmed Abdel Salam, and the Iraqi Embassy in Muscat / Oman, signed a memorandum of understanding with the Muscat Securities Exchange represented by the President Executive Director Haitham Al-Salmi, in the presence of the CEO of Muscat Clearing Company and a number of members of the Board of Directors, with the aim of developing relations and enhancing cooperation between the two parties in the following areas.

1. Enhancing the efficiency of the financial markets through exchanging experiences, information and advisory services related to the trading of securities.
2. Facilitate the participation of mediators in training and development programs. 
3. Harmonization of listing requirements - and the promotion of joint and mutual listing.
4. Setting the basic rules for the development of indicators. 
5. Developing sustainability, environmental, social and corporate governance between the two parties.
6. Examine ways of cooperation in the field of educating and educating investors about the financial markets.
7. Cooperation in any other areas that would develop the activity.

The statement continued, "The Iraqi Securities Commission and the Iraq Stock Exchange had implemented a strategy during the year 2022 that depends on cooperation with Arab financial markets, developing the activity of brokerage companies, raising the capabilities of brokers in dealings with investors, financial and information analysis, following up on companies' disclosure, and returning joint stock companies to circulation in cooperation with sectoral authorities.


A "great catastrophe"... turmoil disrupting the political agreement to form the Iraqi government

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The coordinating framework confirmed, today, Friday, the existence of disturbances in Shiite, Sunni and Kurdish homes that disturb any political .agreement, indicating that there is no agreement looming on the horizon

And the representative of the framework, Aref Al-Hamami, said in an interview with (Baghdad Today), that "the existing evidence does not indicate the formation of the government and the arrival of a political agreement in the near time due to the continuing differences in the Shiite house first, in addition to the Kurdish house, and ".the divisions and withdrawals in the Sunni house

He added that "all the political components are turbulent and there is no real harmony among them, and this is what has disrupted the political agreement between the blocs," noting that "all the blocs have become aware of their parliamentary and political capabilities and have confirmed their inability to form a government, so they must return to the language of reason, dialogue and sitting ".down." At the negotiating table to come up with the largest bloc candidate

He pointed out that "the opportunity given to the independents came because of the embarrassment of the political blocs and they are supposed to bear their responsibility and invest them, otherwise it is considered a catastrophe for them," noting that "the next stage requires great effort for the purpose of returning ".dialogues and proceeding with the formation of the government in the near future 



These are from MAy 14th 2022


Deputy warns: The policies of the Ministry of Oil will lead to a popular revolution!

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MP Hadi Al-Salami warned, on Saturday, of a popular revolution due to the policies of the Ministry of Oil to raise the prices of fuel supplied to governmental and private factories and factories, accusing Oil Minister Ihsan Abdul-Jabbar of mismanagement.

Al-Salami said in a press statement that "Oil Minister Ihsan Abdul-Jabbar has raised the prices of kerosene on state projects from 450 dinars per liter to 750 dinars."

He added that "the minister was not satisfied with raising the prices of kerosene, but was accompanied by raising the prices of black oil," noting that "the current oil minister is adopting a policy of systematic war against the Iraqi people."

Al-Salami accused the Oil Minister of "manipulating the capabilities of the Iraqi people and not being indifferent to the suffering of factory owners."


To end the crisis, the independents form a negotiating committee and set the date for announcing their initiative

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Baghdad today - special Independent MP Nazim Al-Shibli confirmed, today, Saturday, that the

details and paragraphs of their .initiative, setting a date for its announcement Al-Shibli told (Baghdad Today), that "the independent deputies have completed their initiative, which will be directed to all blocs to end the political crisis," noting that "the initiative will be announced in the coming ".hours

He added, "There is a tendency among the independents to form a committee with the aim of negotiating with the political parties," noting that "the rest of the details will be revealed when the initiative is officially ".announced

 

The coming days will witness a breakthrough in the political" crisis." Al-Fateh talks about the recent coordination framework initiative

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A member of the Al-Fateh Alliance, MP Rafiq Al-Salihi, confirmed, on Saturday, that the initiative put forward by the coordination framework was accepted by all political .blocs, especially the Sunni and Kurdish parties

Al-Salihi said in a statement to (Baghdad Today), that "there is a general trend by the political blocs towards the initiative launched by the coordination framework to resolve the political crisis because it was widely accepted by all parties, especially the ".Sunni and Kurdish parties

He added that "the framework initiative is a real and realistic initiative, as it has ".developed solutions and details that serve the country and the citizen

Al-Salihi added, "The coming days will witness a breakthrough in the political crisis ".and the formation of the new government will proceed


Al-Kazemi’s advisor: The Food Security Law supports prices and combats poverty

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The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained, today, Saturday, the Central Bank’s measures to stabilize prices and reduce inflation, while stressing that the Food Security Law supports prices and combats poverty. 

Salih told the Iraqi News Agency (INA): "The main source of inflation or the rise in the general level of prices in Iraq is mainly caused by what is called transitional or imported inflation," noting that "the country is currently dependent in an unprecedented way on imported supply chains, all of which have been affected by degrees. different price growth due to high global energy prices and the food shortage crisis in the world and under the influence of the aggravation of the war in Eurasia.”

He added that "to face the burdens of inflation on economic life in Iraq, the Iraqi financial policy, through the indicators stipulated in the emergency law for food security and development, pledged to achieve broad support for food prices and limited cash incomes and to combat poverty in its various forms, as preceded by a package of measures taken by the fiscal policy. And supportive of prices, including (zero taxes and customs duties) on a wide range of food and essential imports, as well as the stability of selling prices of all government goods and services, including, for example, fuel and electricity, as well as the expansion of ration card materials at subsidized prices, indicating that “the subsidy clause in spending The government ratio to GDP will remain high, which is directly estimated at 15% of Iraq's GDP. Saleh continued that "

He pointed out that "the precautionary measures of monetary policy to ensure general price stability and combat inflationary activities are definitely ready, and implemented when necessary, through a strict monetary policy in the interest of the strength and stability of the national currency, and in coordination with fiscal policy and general economic policy.


A report reveals Al-Sadr's choice if the independents failed to form a government with him

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A Western press report monitored by (Iraq Today) says that Muqtada al-Sadr is now unable to form a new government, so he may have decided that there are other ways to marginalize his opponents, starting with appointing officials in Parliament.

After Muqtada al-Sadr offered independent MPs the opportunity to nominate a prime minister, Muqtada al-Sadr is already looking for the next option to break the country's political deadlock: keeping Mustafa al-Kazemi.

It has been seven months now since Iraqis went to the polls in parliamentary elections in October, and the fierce rivalry between the two camps - one led by the influential cleric al-Sadr and the other by the Shiite coordinating framework - has prevented anyone from forming a government.

A week ago, al-Sadr called on elected independents in parliament to form their own bloc and nominate a prime minister whose coalition - made up of Sadr's lawmakers, Sunni parties and the Kurdish Democratic Party - would support.

However, Iraqi political leaders involved in government formation talks have told al-Sadr that they have few expectations that they will do so, and are instead looking to keep current Prime Minister Al-Kadhimi in office for six months to a year.

“Al-Sadr is in no hurry to form a government. Retaining the current situation as it is for six months or a year is one of the solutions that is being strongly proposed now,” said one of the prominent leaders of Sadr’s Save the Homeland Alliance and who is close to Masoud Barzani, the leader of the Kurdistan Democratic Party.

He added that "there is no circumstance or local or international factor that pressures any of the players in the tripartite alliance to expedite the formation of the government."

He added, "If we talk about the United States, it is busy in other parts of the world and does not care much about what is currently happening in Iraq. As for Iran, the continuation of the situation is less harmful than the outbreak of fighting between Shiites and Shiites.

Parliament ’s move to al-Sadr has already had a great influence on the Al-Kazemi government, and in October his party “Sairoon Alliance” emerged as the clear victor. Since then, he has attempted to form a "majority government" alongside his Kurdish and Sunni allies that would marginalize the Shiite factions, collectively known as the Coordination Framework.

Unhappy with their exclusion from the next government, those factions boycotted Parliament and ensured that there was no quorum to continue the government formation process. But permanent stagnation would also be harmful.

If al-Sadr is able to maintain a monopoly on control through his control of parliament and the Kadhimi government, opposition groups will find their influence and power waning.

To prove the seriousness of his plan, al-Sadr did not wait for the two-week deadline for independents to take his next steps. He and his allies have declared that parliamentary work will continue regardless of whether or not the boycotters attend.


OPEC decides to increase Iraq's export quota
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Iraq's representative in OPEC, Muhammad Saadoun, confirmed, on Saturday, that the organization agreed to increase Iraq's quota to 4.5 million barrels, starting next June.

Saadoun said in a statement to state television, "Iraq's share this year increased by 50 thousand barrels per day," noting that "the production ceiling will reach 4.5 million barrels per day in the month of June."

He explained, "Iraq has the right to increase its production according to the production ceiling, and there will be another increase during the months of July, August and September by 50 thousand barrels for each month, and thus Iraq will reach the normal level of its reference production," noting that "the plans of the Ministry of Oil include a gradual increase." and invest the increase granted by OPEC. Ended 29/N33.

He pointed out that "the estimates indicate that the average oil price will remain above $100 until the third quarter of this year."

Iraq’s representative in “OPEC”: We plan to invest the increase in the quantities of exported oil

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Iraq's representative in the Organization of the Petroleum Exporting Countries "OPEC", Muhammad Saadoun, confirmed today, Saturday, that his country plans to invest the increase in the quantities of exported oil allowed by the organization.

Muhammad Saadoun told the official agency, followed by (Al-Oula News), that Iraq is close to achieving a production ceiling of more than four million barrels of oil in the sixth month of this year, adding that during the current year the share of the increase for Iraq per month is about 50 thousand barrels per day, according to the East News Agency. middle.

And OPEC had announced that Iraq’s share of oil production would amount to 4.5 million barrels per day during next June, noting that Iraq is the second largest producer in the organization after Saudi Arabia, and the third largest producer in “OPEC +” after Saudi Arabia and Russia



A member of Parliamentary Finance explains the reason for postponing the session of the emergency support law for food security

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A member of the Parliamentary Finance Committee, Mustafa Sanad, confirmed on Saturday that there are legal and political objections to the law on emergency support for food security, while the Finance Committee held a meeting to make some amendments to the law.

Sanad told Shafaq News Agency, "There is a financial and political aspect to the law of emergency support for food security. From a financial point of view, the law serves the ministries and governorates and revives the development of the regions."

He added, "As for the political aspect of the law, the Finance Committee represented the Triple Alliance before adding us to its membership and after adding us to the committee, we found that the completion rate of the emergency support law is 95%."

Sanad pointed out that "the law has a political consensus on the part of the Triple Alliance, and it will be ready for a vote this week."

And he indicated that "the differences over the law are due to the ambiguity of some of its paragraphs, as well as after adding a number of deputies to the coordination framework and independent deputies to the Finance Committee, who expressed their observations on some articles, and revisions were made and amendments were made to the articles of the law."

In addition, a parliamentary source told Shafaq News Agency, that the Parliamentary Finance Committee is now holding (the hour of news preparation) a meeting to discuss some amendments to the law on emergency support for food security.

The Media Department of the House of Representatives stated in a statement received by Shafaq News Agency late on Friday night, that "at the request of some parliamentary blocs and for further consultations for the maturation of the emergency support law for food security and development, and for the need for more time, it was decided to postpone Saturday's session.

 

Al-Kazemi: There is no need to form a new government if the Food Security Law is passed

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The leader of the Al-Fateh Alliance, Mueen Al-Kazemi, confirmed today, Saturday, that there is no need to form a new government if the Food Security Law is passed in Parliament.

Al-Kazemi said in an interview with Earth News, "The emergency food security law presented by the caretaker government to the House of Representatives for approval through its address is understood as allocating funds to pay the necessary food dues to the people, such as securing the ration card, paying farmers' dues of wheat and barley, and paying electricity debts to secure energy during the summer.

Al-Kazemi added that "these addresses need 10 trillion Iraqi dinars, while the government presented this budget with thirty-five trillion dinars, which also included, without the issue of food, the development of regions and governorates, a budget for reconstruction, including Kurdistan, the payment of debts to oil companies, and the payment of amounts for new projects."

Al-Kazemi continued, "This means that the tripartite coalition wants the caretaker government to continue for an indefinite period," wondering, "If the caretaker government has the authority to present a plan of thirty-five trillion, why does not present the budget for the year 2022 in full, which is a hundred trillion to be approved by the House of Representatives completely fundamentalist?

Al-Kazemi indicated that “in the event that this law is passed under the title of food security, with thirty-five trillion dollars, which means that at the same time and in the same way, the House of Representatives will later present another law with thirty-five trillion dollars. This situation continues for this government.”

Al-Kazemi stressed that "the Al-Fateh coalition and the coordination framework refuse to vote on a bill aimed at circumventing the law and the validity and wasting money under the title of food security that takes place through deals and agreements between partners.

 

Independent MPs meet this evening in Baghdad to launch a "new initiative"

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An informed political source revealed the intention of independent deputies to hold a meeting this evening, Saturday, in Baghdad, to launch a new political initiative to end the political blockage in Iraq.

The source told "Dijla", that "the independent deputies intend to hold an important meeting this evening, Saturday, in the capital, Baghdad."

The source added that "the aim of the meeting is to launch a new initiative to end the political blockage in Iraq, and speed up the process of forming a government.


The Finance Committee sets a deadline for voting on the Food Security Law

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The Parliamentary Finance Committee has set, today, Saturday, a deadline for voting on the Food Security Law.

The Media Department of the House of Representatives said in a statement received (Baghdad today), that "the Finance Committee held a meeting headed by Hassan Karim Al-Kaabi and the presence of its members regarding the maturation of the emergency support law for food security and development, and to vote on the articles of the law before submitting it to the presidency of the House of ".Representatives and including it in the agenda

The head of the committee, Hassan Al-Kaabi, confirmed, according to the statement, that "the emergency support law will be submitted to the presidency of the council after voting on it and addressing basic issues and matters that directly affect the life ".of the citizen

The statement pointed out that "the Finance Committee discussed opinions and proposals that increase the consolidation of the law," stressing that it "focuses its attention on ensuring food and water security, and the sectors of agriculture, trade, ".electricity, social care, poverty alleviation, and support for governorate projects

He continued, "The committee voted on most of the procedural articles of the law on emergency support for food security and development after taking into account the opinions and proposals that guarantee, in preparation for voting on it wholesale and ".submitting it to a vote in the parliament session


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