Monday, June 27, 2022

Iraqi News Catch Up Weekend June 25-26 2022 Economist: Iraq's environment is expelling investment and the Central Bank on government investment

 Iraqi News Catch Up Weekend June 25-26 2022 

Economist: Iraq's environment is expelling investment and the Central Bank on government investment


upload_1656197851_504919450.jpg

June 26th,


These are the articles I discussed on the My F|X Buddies Podcast

Iraq uses the policy of "raising reserves" to control inflation

link

 The economic expert, Salah Nuri, revealed today, Saturday, Iraq's monetary  policy to control inflation.

Nuri told Al-Furat News that: "The central bank's reserves and capital are of great importance, especially with the international component of hard currencies such as the dollar, the euro and gold."

He added, "Increasing the reserve enables the central bank to use its monetary tools for stability, and this enables monetary policy to stabilize and control inflation."

Nuri continued, "According to the financial law, the central bank is the one who controls the dollar exchange rate, not the Ministry of Finance, but what happened, the ministry is the one who changed the dollar exchange rate, and this is a precedent that no country in the world has ever happened.


A new statement by Parliamentary Finance regarding the possibility of returning the dollar exchange rate to 120 thousand - urgent

link

On Sunday, the Parliamentary Finance Committee denied what was recently reported about Parliament’s efforts to restore the dollar exchange rate to its previous level, 1200 Iraqi dinars for .every US dollar

Committee member Jamal Cougar said, in a press statement, that "it is difficult to restore the dollar exchange rate to its previous era, and this matter is not a task of the House of Representatives, and it is incorrect according to a number of reasons, including that changing the exchange rate is one of the exclusive powers of the Central Bank of Iraq." and to the Ministry of .Finance

He added, "The economic situation is not as some are talking about, that is, despite the financial surplus achieved from the rise in oil prices, there is a debt owed by Iraq in favor of foreign and internal banks of no less than 100 trillion dinars, in addition to some hateful debts as a result of ".the Gulf War

He pointed out that "the rise in oil prices is not stable, but rather came as a result of the war crisis between Russia and Ukraine, meaning when the war stops and things return to their ".normal state, oil prices will drop

Cougar continued, "As a government and parliament, we failed to limit the excessive increase in reducing the operating budget, meaning that most of the state's resources go to the operational, and therefore no matter how much our financial resources increase, they are not enough to fill the operating budget and allocate a good part to the investment budget, and if we change the dollar exchange rate, this means Adding 23% to the state budget as a difference in the exchange .rate, will also create an unnatural state of confusion in the market

And he added, "Changing the exchange rate will generate compensatory claims by the owners of some investment projects contracted for the benefit of the state, meaning that the affected investor will demand compensation, and therefore what some are promoting about the possibility of the House of Representatives issuing decisions that restore the dollar exchange rate are ".nothing but auctions and titillation for the feelings of the Iraqi street


Regarding the Emergency Support Law for Food Security and Development, Cougar explained, "The Food Security Law, in accordance with the article included in it, which requires the implementation of the law on the same day it is voted on, at a rate of 50% of the total amounts allocated to it, and therefore it has entered into force and according to the exchange sections ".that included it

Cougar ruled out passing the country's general budget law without forming a government, and that the latter is still subject to the consensus of the political forces on its formation, because the withdrawal of the Sadrist bloc from the political process confused the matter and therefore it is .difficult to predict how the mechanism of forming the next government will be

Some members of the House of Representatives had promoted in statements about the .possibility of returning the dollar exchange rate to what it was before

It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of .Representatives

As a result, according to specialists, the annual inflation in Iraq has risen significantly, so that the prices of all materials and commodities in the Iraqi market have risen significantly, which has sparked a wave of strong resentment among the popular circles, as well as the objections of .some interested in economic affairs


Economist: The Iraqi government should have the political decision in the investment file

link

The expert in economic affairs, Jamal Al-Rubaie, confirmed that the investment of the Mansourieh gas fields will end the electricity crisis in the country and will provide thousands of job opportunities.

Al-Rubaie told the correspondent of the National Iraqi News Agency ( NINA ) that the investment of the Mansourieh gas fields, which is the second largest in the Middle East, will revive the Iraqi economy and work to improve electrical energy, but the regional interventions have decided not to invest it for political reasons.

He added that Iraq is an investment mine, and the Iraqi government must have the political decision capable of investing the country's resources, including the Mansouriya gas station and gas fields, which will provide job opportunities for young people and can be converted into a huge industrial area that revives the Iraqi economy. The Iraqi government must find additional economic outlets for the collapsed economy, with the activation of various files that raise the level of poverty, which began to rise as a result of the collapse of the agricultural and industrial sector.

He added that the next government has a number of outstanding issues that must be activated, open the door for investment in foreign funds, and activate the tax system so that Iraq can cross economically.



Economist: Iraq's environment is expelling investment and the Central Bank on government investment

link

The economic expert, Salah Nouri, described today, Sunday, Iraq's environment as "repelling investment."

Nuri told Al-Furat News that: "Talking about Iraq's investment in securities may concern the private sector and not the government, as it is known that Iraq is an environment that expels investment, which may push some traders and businessmen to foreign investments."

He added, "Foreign government investment is only for the Central Bank through bonds, and there were investments with the Ministry of Finance, but at the moment they do not exist."


For his part, the economic expert, Manar Al-Obaidi, considered Iraq the highest investment country in foreign securities at the regional level.
Al-Obaidi said, in a statement, that the volume of the Central Bank of Iraq's foreign investments amounted to more than 60 trillion dinars, which is the highest since the establishment of the Central Bank of Iraq at all.

And he indicated, that the total assets of the Central Bank of Iraq amounted to 170 trillion Iraqi dinars, of which 60 trillion were, which represents 35% of the total assets are investments and foreign securities held, and represented 28% of the assets of the Central Bank are dues on the Ministry of Finance and 16% deposits with offshore banks.





Mysterious "leaflets" raise security concerns and accusations against three political parties in their distribution 

link

On Sunday, the local security expert, Sadiq Abdullah, revealed the involvement of three political parties in distributing mysterious leaflets to destabilize political stability in Baghdad, .calling on the government to move as quickly as possible to end the danger of those leaflets

In an interview with (Baghdad Today), Abdullah said, "Any publication, regardless of what it contains of vocabulary and titles, must receive security attention, whether in Baghdad or other cities, because we are facing complex security challenges accompanied by external and ".internal interference from many sides

Abdullah added, "We do not rule out that the latest publications in Baghdad that carry the vocabulary of change is coming or the alternative is coming. Three parties are behind it, ".some of which have armed groups

He added, "Some publications may be related to the latest developments in Parliament, or want to re-elections, or they may be an indication of upcoming events and demonstrations, ".so the government should monitor them and deal with them seriously 


A framework spinning for independent representatives: We will give you ministries in the next government

link


coordination framework confirmed its intention to form a national partnership government that brings together all parties and not to exclude any political group, especially the bloc of independent representatives.

Representative of the framework, Muhammad al-Baldawi, said in a press interview, “If the independent representatives gather their forces, they constitute a number that cannot be underestimated and their political size cannot be exceeded, and therefore they are an important and active part within the parliament, so the framework and its leadership do not believe in the principle of exclusion and exclusion of any political party, Rather, it seeks a true national partnership government in which everyone participates and bears responsibility for success and failure,” noting that “the coordinating framework did not change its political program, especially in the search for figures who are acceptable and do not intersect with the political parties, and who have the courage and integrity in taking decisions in managing the state and overcoming all difficulties.”

He stressed that "the framework is waiting for the independent representatives to put forward the names nominated to form a government and fill ministerial positions, regardless of their political affiliations.


Framework: The next 48 hours will determine the features of the partnership government 

link

Today, Sunday, the leader in the coordination framework, Aid al-Hilali, revealed the framework's intention to launch negotiations to form a government within .the next 48 hours

Al-Hilali told "Baghdad Today", "The formation of the new Iraqi government has become very close, after taking the constitutional oath to the replacement deputies. This step changed the political map of alliances after the increase in the number of seats for political forces, ".especially those affiliated with the coordination framework And he indicated that "dialogue and negotiation between the political forces regarding the process of forming the new Iraqi government, will be launched during the next two days, and this dialogue and negotiation will involve all political forces without marginalizing and ".excluding any political party

The participating political forces had issued a joint statement in the parliament session on Thursday after the extraordinary session, during which the coordination framework .announced its move towards a government of partnership, consensus and balance


Al-Kazemi and bin Salman confirm the prominent role of Iraq in bringing the views of the region closer

link

upload_1656197851_504919450.jpg


Prime Minister Mustafa Al-Kazemi discussed with Saudi Crown Prince Mohammed bin Salman bilateral relations and economic cooperation, while stressing the prominent role of Iraq in bringing the views of the region closer.

The media office of the Prime Minister stated in a statement received by the Iraqi News Agency (INA), that "Prime Minister Mustafa Al-Kazemi met the Crown Prince of the Kingdom of Saudi Arabia, Prince Muhammad bin Salman Al Saud, at the beginning of his official visit to the Kingdom, which he arrived earlier yesterday. Saturday".

He added, "During the meeting, they discussed bilateral relations between the two countries, and the importance of developing them in a way that achieves the interests of the peoples of the two brotherly countries. The two sides also discussed a number of regional and international issues of common interest, and efforts to consolidate peace and calm in the region."

He pointed out that "the meeting witnessed an emphasis on strengthening economic integration and inter-regional cooperation in a way that promotes sustainable development in the region, and strengthens bilateral efforts to confront economic crises."

The two parties stressed, according to the statement, the prominent role of Iraq in converging views in the region and pushing forward calm efforts and constructive dialogues.



Today at noon .. Al-Kazemi heads to the Iranian capital, Tehran

link

Today, Sunday, a source close to Prime Minister Mustafa Al-Kazemi said that Al- .Kazemi will leave the Kingdom of Saudi Arabia and will go to Iran

The source told (Baghdad Today), "Prime Minister Mustafa Al-Kazemi will be in the Iranian capital, Tehran, this afternoon, where he will meet with Iranian President ".Ibrahim Raisi Al-Kazemi's visit to Saudi Arabia met with great rejection from some political forces, .who warned him against making any deal with Saudi Arabia

Yesterday, Saturday, Al-Kazemi arrived in the Saudi city of Jeddah on a tour that includes . Iran, as part of his efforts to bridge views between Riyadh and Tehran . At the forefront of my future Al-Kazemi was Saudi Crown Prince Mohammed bin Salman

And earlier, the official agency stated that Al-Kazemi “will visit the Islamic Republic (Iran) and ”. the Kingdom of Saudi Arabia, successively, within days

And it quoted unnamed sources, that "the two visits come within the framework of the consultations that Saudi Arabia and Iran recently conducted in Baghdad," noting that AlKazemi "will discuss during his upcoming visit many files, including diplomatic relations ". between Iran and Saudi Arabia

On June 8, Al-Kazemi announced that "the Iranian-Saudi talks that took place in Baghdad ". have reached advanced stages

He said: "You have heard of the Iranian-Saudi dialogue, which has reached advanced stages, and there are other dialogues, all of which succeeded and we did not announce them at the ". time out of respect for the nature of the secret role played by Iraq

Al-Kazemi added at the time: "Iraq has become a point of convergence, easing tensions in the region, and this has repercussions on the Iraqi economic situation and the stability of the ". security situation 

Since last year, Baghdad has been hosting talks between Iran and Saudi Arabia, the last of which took place last April, to end the estrangement that extends since 2016, and to reach understandings regarding the differences between them in several files, most notably the . war in Yemen and Tehran's nuclear program .In January 2016, Saudi Arabia cut ties with Iran


Al-Fateh Alliance talks about a "political breakthrough" after Eid al-Adha

link

Today, Sunday, the Al-Fateh Alliance spoke of a "political breakthrough" in Iraq after Eid al-Adha.
 
The deputy of the Al-Fateh Alliance, Zainab Al-Moussawi, said, according to the official "Al-Sabah" that "the new form of political alliances has taken a different turn than the previous one, as there are preliminary understandings between the coordinating framework and the other blocs with more seats."
 
She expected that "there will be a political breakthrough after the Eid al-Adha holiday and the formation of a national majority government, given that the Shiite alliance is now the largest bloc in the House of Representatives, especially after the resigned Sadrist MPs took the constitutional oath."
 
She added: "It is necessary to start a political process that meets the aspirations of the Iraqi people and not to delay the political blockage further, as it disrupts the general scene of the country, in addition to that Iraq needs a new government in order to control the affairs of the state and pass laws, including the general budget."
 

Azm Confirms The Closeness Of The Prime Minister's Post

link

 

The deputy of the Azm Alliance, Muhammad Nuri al-Abed Rabbo, expected, on Sunday, that the position of prime minister would be resolved, stressing that the candidate would be out of the circulated names.

Nuri said in a statement to "The Information", that "the framework will push a candidate away from the names currently circulating," noting that "the features of the new government will become clear in the coming days."

He added that "the political blocs will begin to move seriously for the sake of trivialities before the formation of the new government," noting that "the political blocs will go to Parliament and they are in agreement on choosing the President of the Republic and the ministers."

The representative of the Al-Fateh Alliance, Zainab Al-Moussawi, suggested that a political breakthrough would occur after the Eid al-Adha holiday and the formation of a national majority government.



A statement from the US State Department about the missile attacks against the Kurdistan region

link

The United States stands with our partners in condemning the repeated missile and mortar attacks directed at the Kurdistan Region of Iraq, including the three attacks in Sulaymaniyah over the past four days on oil and gas infrastructure. These attacks aim to undermine economic stability, as they seek to challenge Iraqi sovereignty and sow division and intimidation.

Therefore, it requires investigation and the prosecution of those responsible. We continue to stand with the Iraqi people, including our partners in the Kurdistan Region, against this kind of unacceptable violence. We will continue to pursue every opportunity to support Iraq's security and prosperity.

 

US Department of State


4 protesters injured as a result of clubbing and stampede with riot police in Baghdad 

199682.jpg?watermark=4

link

Today, Sunday, a security source reported that 4 demonstrators were injured as a result of beating with batons and stampeding with riot police .in Baghdad 

The source said in an exclusive statement to (Baghdad Today) that "the law enforcement forces in the fight against riots dispersed a demonstration of health profession graduates near the Ministry of Finance in the center of the capital, Baghdad, and the same forces dispersed a demonstration of those whose contracts ".were terminated near the Ministry of Interior He added that "4 people were injured as a result of the beatings with batons and the ".stampede between law enforcement forces and the demonstrators Today, the capital, Baghdad, witnessed a number of demanding demonstrations in .front of the building of the ministries of oil, finance and health 


Sistani's office sets the first day of Eid al-Adha

link

The office of the supreme religious authority, Grand Ayatollah Sayyed Ali Al-Sistani,

.signed today, Sunday, the first day of Eid Al-Adha Sistani's office said in a statement received (Baghdad Today) that "it is expected that ".

Sunday, July 10, will be the first day of the blessed Eid al-Adha   (For now hahaha)


Iran's new ambassador: We support an Iraqi prime minister who puts his country's interests first

link

65151.jpg?watermark=4



Iran's ambassador to Iraq, Muhammad Kazem Al Sadiq, said that Tehran supports the formation of an inclusive Iraqi government that represents the voice of all Iraqis.

The Iranian ambassador added, quoting Iranian media, that "a strong, stable, and independent Iraq, with its decisions, represents a factor of stability for Iran, the region and the world."

He stressed that his country "supports any national figure who puts the interest of Iraq and its people among its immediate priorities."


 

Al-Kazemi announces the points of agreement with his Iranian counterpart 

link

199691.jpg?watermark=4

Today, Sunday, Prime Minister Mustafa Al-Kadhimi confirmed the agreement with the Iranian .President, Ibrahim Raisi, on the calm in the region

Al-Kazemi said in a joint press conference with Raisi, that "it was agreed to strengthen commercial relations, in addition to developing a program to support the Arbaeen visit," noting that "visas were previously lifted at Iraqi airports and in the past weeks they were lifted within ".the land borders and within certain borders

And he indicated that "it was agreed on a calm in the region and serious work to support the ".truce in Yemen and end the war in it



Nineveh announces the discovery of fields containing large reserves of oil and gas

link

 

Nineveh Governor Najm al-Jubouri announced today, Sunday, the discovery of many large oil fields and wells in the province that contain large reserves of oil and gas, while stressing that Iraqi oil exploration companies continue to work
in Nineveh.

Al-Jubouri told the Iraqi News Agency (INA): "The governorate is supportive of the Iraqi Oil Exploration Company, and
provides it with strict security and great cooperation," noting that "the company was able to discover several very large fields in the Qayyarah and Tal Afar regions, and Iraqi exploration companies are still continuing." working in the province.

He added that "the governorate approached the Ministry of Oil several times regarding requests submitted by private companies wishing to establish oil refineries in the Qayyarah field, and other companies wanting to use the gas located in the region," noting that "the ministry has not given any approval so far to establish these or other refineries." .

He stressed that "the wells that were discovered in Nineveh Governorate are very numerous and contain very large reserves of oil and gas in the province



What is the truth about Parliament holding a new "extraordinary" ?session

link

Rapporteur of the Iraqi Parliament, Gharib Askar, revealed today, Sunday, the fact that Parliamentinary” session in the coming days Askar said, to (Baghdad Today), that "until this moment, there is no intention for Parliament to hold any new "exceptional" session in the coming days, and there are no official requests for that ".by MPs and parliamentary blocs

And he indicated that "the House of Representatives is currently in a legislative recess, and will reconvene its sessions after the end of the Eid al-Adha holiday, and the new legislative term will work through the legislation of a number of important laws, especially there are laws that have ".been suspended since previous parliamentary sessions.



A “disturbing scheme” .. Parliamentarians are about to announce their withdrawal from the House of Representatives

link

A member of the Parliamentary Security and Defense Committee, independent MP Ali Al-Saadi, said today, Sunday, that a number of independent MPs will submit requests for their resignations from Parliament due to the recent political developments.

Al-Saadi said in a statement obtained by Earth News, that "there is a study of a number of independent deputies for the purpose of submitting their resignations due to the rapid political events and the desire of the political blocs to produce a consensual government with the participation of all and marginalizing the role of the opposition."

He continued, "This will result in a government similar to its predecessors that will fail miserably and violate their pledges to reform the political and social situation and give a role to the parliamentary opposition, and we will resort to arranging our popular bases in preparation for the next stage."

Masrour Barzani announces the internationalization of missile attacks on Kurdistan Region

link

1655743197740.jpg

 

The Prime Minister of Kurdistan Regional Government, Masrour Barzani announced, on Sunday, the internationalization of the file of repeated missile attacks on Kurdistan Region, in the first reaction of its kind.

Barzani said in a statement, "I am concerned, like all citizens in all of Kurdistan, about the repeated terrorist attacks in recent months on our people and public infrastructure. The cowards who carry out these attacks have resorted to criminal attacks because they have lost the sympathy of public opinion in the rest of the country, and instead of From focusing on the future and economic integration with the rest of the world to create jobs for young people, these outlaw groups are firing rockets at our villages and at civilians in general.”

He added, "I spoke on the phone with the main political partners in the Kurdistan Region and Iraq, as well as our friends abroad, and during my call with Federal Prime Minister Mustafa Al-Kadhimi, I stressed the need to form a joint force of Peshmerga and Iraqi forces to fill any void that exists in the disputed areas that "Outlaw groups use them to recklessly destabilize the entire country. I explained to the Prime Minister that the attacks threaten the stability and investment climate of the entire country, and called on him to take public and practical measures to rein in these groups."

"I also directed the Ministers of Peshmerga Affairs and Interior to take all necessary measures to protect vital public infrastructure and oil and gas facilities. Within the framework of the plan, we agreed to reinforce the region with additional forces, and more measures will be reviewed in the coming days," he added.

And I also spoke last night with the White House coordinator for the Middle East and North Africa Brett McGurk, as our American friends and every investor must remain committed, and not succumb to fear, and over the next few days, I will urge our international friends and partners, and the UN Security Council to renew efforts With Erbil and Baghdad, finding ways for us both to protect against further terrorist attacks."

He pointed out that "the Kurdistan Regional Government highly appreciates, and will defend and protect investments in the oil and gas sector and all public infrastructure. She made it clear that any attack on Kurdistan anywhere is an attack on all of Kurdistan and its people."

"In this moment of national alignment, I call upon our people to remain resolute. This is a blatant attack on our infrastructure, and part of a coordinated effort to deter us from our strategic plans and reform programme. It certainly will not shake our steadfastness," he said.

In recent weeks, fuel production sites in the Kurdistan Region were targeted with rocket propelled grenades, whose launch no one claimed.

The first missile targeting occurred in April, then in May it targeted the Kurgosk oil refinery, one of the largest refineries in the oil-rich region northwest of Erbil, the capital of the Kurdistan Region.

Earlier on Sunday, the US State Department condemned the recent attack on the Kormore gas field in the Sulaymaniyah Governorate in the Kurdistan Region.

The Emirati "Dana Gas" company, according to an agreement concluded in 2007, with the authorities of the Kurdistan Region, produces, markets and sells oil and natural gas from the Kormor and Chemchemal fields in the region.

State Department spokesman Ned Price said in a statement that the United States stands with its partners in condemning the ongoing missile and mortar attacks targeting the Kurdistan Region of Iraq, including the three attacks on the oil and gas infrastructure in Sulaymaniyah in the past four days.

Price added that "these attacks aim to undermine economic stability, challenge Iraqi sovereignty, and sow division and intimidation," calling for "the investigation of these attacks and the prosecution of those responsible.



Al-Kazemi returns to the capital, Baghdad, after concluding his official visit to Saudi Arabia and Iran

link

1656277103311.jpeg

Prime Minister Mustafa Al-Kadhimi concluded on Sunday evening his official visit to the Islamic Republic of Iran, to which he arrived from the Kingdom of Saudi Arabia.

Al-Kazemi had arrived in the Saudi city of Jeddah on Saturday evening, and he was received by the Crown Prince of the Kingdom, Prince Muhammad bin Salman Al Saud, where they held a meeting in which they discussed ways to strengthen bilateral relations between the two countries and promote economic integration, and discuss a number of files with a regional dimension.

The meeting witnessed an affirmation of Iraq's prominent role in the region, its efforts in calming and constructive dialogues.

Al-Kazemi performed the rites of Umrah to the Sacred House of God in Makkah Al-Mukarramah.

After concluding his visit to the Kingdom, the Prime Minister headed to the Islamic Republic of Iran on Sunday afternoon and was received by Iranian President Ibrahim Raisi.

After the official reception ceremony, the two sides held a meeting in which they discussed bilateral relations between the two countries and joint cooperation in various fields. They also discussed a number of basic issues of common interest, especially with regard to the regional situation, where it was emphasized that support for the armistice in Yemen and the strengthening of efforts to stop the war and the establishment of peace there, and that the peaceful solution to the crisis be Yemeni.

Iraq's role in the region and its efforts in consolidating peace, in a way that enhances its regional and international standing, was also commended.




June 25tth,  


nothing in   the Gazette I will check tomorrow again

Expectations of the return of the dollar exchange rate in Iraq to 120 thousand

link

The economic expert, Salama Sumaisem, confirmed today, Friday, that there is no possibility of restoring the dollar exchange rate before the completion of five years, .according to the white paper program Sumaisem said in a statement to (Baghdad Today), that "the white paper was approved with governmental and parliamentary approval, and the international organizations that are associated with Iraq with economic agreements regarding ".loans or reform programs are aware of the content of the white paper

And she added, "The work of the white paper was determined by a period of 5 ".years, one of which remained, and 4 years remained Sumaisem added, "The collection of parliamentary signatures to restore the exchange rate will not change anything.

Rather, it is just attempts by some members of Parliament to change the exchange rate, but in the end it will not change before ".the specified 5 years 


former financial official: Changing the dollar exchange rate portends major losses

link

717122021_image_750x_606d9f0fc8a12.jpg

The former Director of the Office of Financial Supervision, Salah Nouri, confirmed today, Saturday, that changing the dollar exchange rate will shock the market and cause great losses.

Nuri said in an exclusive interview with (Iraqi Media News Agency / INA) that "any manipulation of the exchange rate and its change will cause a great shock in the market, which will affect the wheel of the economy, because returning it to its previous price will cause great losses."

He added, "We have often stressed the need for any exchange rate treatments to be gradual so that a major shock does not occur in the market and affect the economy."


A former financial official: Changing the dollar exchange rate portends major losses

link


The former Director of the Financial Supervision Bureau, Salah Nouri, confirmed today, Saturday, that changing the dollar exchange rate will shock the market and cause great losses.

In an exclusive interview with Mawazine News, Nouri said, "Any manipulation of the exchange rate and changing it will cause a great shock in the market, which will affect the wheel of the economy, because returning it to its previous price will cause great losses."

He added, "We have often stressed the need for any exchange rate transactions to be gradual so that a major shock does not occur in the market and affect the economy." 


A missing government intention to rob a parliamentary will to return the exchange rate.. the rise of the dollar remains 

link

Saturday, the Parliamentary Finance Committee commented on the, existence of a parliamentary movement aimed at reducing the exchange .rate of the dollar against the Iraqi dinar

A member of the committee, Jamal Cougar, told (Baghdad Today), "The Iraqi Council of Representatives does not have any authority to reduce the exchange rate of the ." .dollar against the Iraqi dinar, or to raise this price

And Cougar indicated that "reducing the dollar's exchange rate against the Iraqi dinar is in the hands of the Iraqi government exclusively, and there is no government intention to reduce the dollar's exchange rate, and for this the exchange rate will ".remain the same during the coming period, without any change

Reactions to the current dollar exchange rate against the dinar varied, between those who considered the current exchange rate an aid to the state budget, especially with the increase in global oil prices, while a number of other observers considered it to harm the middle and poor .citizens, and that the only beneficiary were traders and owners. banks 


Major international oil companies begin to withdraw from the Kurdistan region

link

 

1857.jpg

 

Major international oil companies began withdrawing from the Kurdistan region, after being informed by the federal government on the impact of the dispute between Baghdad and Erbil over the Federal Court's decision to cancel the oil and gas law in the region .

In this regard, the economic expert, Nabil Al-Marsoumi, said today, Friday, that the major international oil companies of American origins withdrew from the Kurdistan region, in compliance with the decision of the Federal Court .

According to Al Marsoumi’s publication, “The American Baker Hughes Oil Services Company announced its full commitment to implement Federal Court Decision No. 59 Federal / 2012 and the instructions of the Ministry of Oil and the Supreme Steering Committee regarding the Kurdistan Region’s oil .”

He explained that "Baker Hughes is one of the world's largest companies in the field of oil field services and provides the oil and gas industry with products and services for oil wells, formation assessment, well completion, and consulting on production and reserves ."

Al Marsoumi continued, “Baker Hughes operates in more than 120 countries around the world. Its total assets are $38 billion and employs 60,000 employees, and the company has many works in Kurdistan, including its implementation of development plans in the Miran and Bina Bawi gas fields .”

It is noteworthy that the federal government had given the companies operating in the region a period of 3 months to withdraw so that Baghdad would then extract oil instead, which was rejected by Erbil in full and in detail .

It is noteworthy that the judiciary of the Kurdistan region had rejected the decision of the Federal Court regarding its oil, which widened the differences between them, especially since Baghdad considered it a coup against the constitution, as she put it .


Barzani's party reveals: We will proceed with the formation of the government with the framework if this matter is achieved

link

The deputy of the Kurdistan Democratic Party bloc, Tohma Al-Lahibi, confirmed on Saturday that his party will proceed with the formation of the new government with the coordination framework if an agreement is achieved on consensus, balance and partnership.

Al-Luhaibi said that "the vote of the alternative representatives gave new hope for the beginning of another step towards forming the government, and all the political blocs are looking forward to a new government that is in the interest of all Iraqis."

He added, "The democratic alliance is firm with sovereignty, while the alliance with other political blocs is based on consensus, balance and partnership, and if there is an agreement in accordance with these principles, we will certainly proceed to form the government with the coordinating framework."

Al-Luhaibi indicated that "all political blocs have demands, and these will be proven by negotiations on alliances, and the result that comes out must depend on consensus, balance and partnership, and if the negotiations proceed in this way, the government will be formed."



A strong message from Al-Sadr to his opponents: Beware of extorting or tempting my followers!

link

A picture of Muqtada al-Sadr in an Iraqi street (Reuters)

Indirectly, despite its clarity, the leader of the Sadrist movement in Iraq, Muqtada al-Sadr , warned his opponents against attempts to lure or lure his supporters, followers or ministers to include them in the upcoming new government.

After he shuffled the cards with the resignation of his deputies from Parliament , leaving the scene to the deputies of the coordination framework (which includes the Al-Fateh Alliance and the pro-Iranian coalition of Nuri al-Maliki and others), whose number rose as a result of that resignation, he warned through Saleh Muhammad al-Iraqi, who is close to him, of these "malicious" attempts.

Unexpected response

In a statement posted on Twitter, yesterday, Friday, he threatened an unexpected response if the framework goes ahead with his malicious efforts to form the Iraqi government, possibly referring to the appointment of a loyalist of al-Sadr.

 

Saleh Muhammad al-Iraqi, who defines himself as "Minister of al-Sadr," said that "some political blocs are trying to put a Sadrist minister from the current, a dissident, expelled or sympathetic one in the government they want to form."

"Silencing the Sadrist Street"

However, he considered that this attempt is nothing but an effort to "silence the Sadrist street on the one hand, and accuse it of participating in the government of corruption on the other hand," warning of the consequences of this brazen act that deludes people without the truth, as he put it.

The Coordination Framework Alliance, which consists of Shiite parties loyal to Iran, acquired last Thursday (June 23, 2022) the majority of the Sadrist bloc's deputies who collectively resigned from the Iraqi parliament, which made it the first force in the parliament and allowed it to form the next government, after months of stumbling .

 

Sixty-four alternate representatives collectively took the oath before the speaker, while nine others were absent, after the 73 deputies of al-Sadr submitted their collective resignation on June 12 in the midst of a continuous political crisis since the early legislative elections that took place on October 10, 2021.

Thus, the framework obtained 40 seats of the Sadrist movement, according to what was reported by AFP, based on the figures issued by the Electoral Commission, and consequently the number of its representatives increased to about 130, which made it the largest force in Parliament, and allowed it to appoint a prime minister and form a government in alliance with parliamentary blocs. other.

However, the Shahd is still ambiguous, and nothing is guaranteed, especially after the country experienced nearly eight months of stumbling without reaching a consensus on electing a president or forming a government.


Al-Kazemi anticipates the Saudi summit with a visit to Iran in the coming hours 

link

Al-Kazemi anticipates the Saudi summit with a visit to Iran in the

coming hours

Today Saturday, an informed source said that the Prime Minister, Mustafa Al- , the source told (Baghdad Today) that "Al-Kazemi will visit Iran in the coming hours ".)(tonight or tomorrow morning, Sunday .

This visit comes before his participation in the Saudi summit," he added"

It is noteworthy that the Saudi Royal Court announced earlier this month an official visit by US President Joe Biden to Saudi Arabia, on July 15-16, .at the invitation of King Salman bin Abdulaziz

The statement stated that the visit comes to strengthen the historical bilateral relations and the distinguished strategic partnership between the Kingdom of Saudi Arabia and the United States of America, and the common desire to develop them in all fields. aspects of cooperation between the two friendly countries, and discussing ”.ways to confront the challenges facing the region and the world And the Court indicated that the visit schedule includes, on its second day, the attendance of President Biden, a joint summit called by Bin Abdulaziz, the leaders of the Arab Gulf Cooperation Council countries, the Jordanian monarch, the Egyptian president, and the Prime Minister of Iraq, on Dhul-Hijjah 17, 1443 AH corresponding .to July 16, 2022 AD

Yesterday, the White House announced President Biden's visit to the region, and indicated President Biden's appreciation for the invitation of King Salman bin Abdulaziz, and his aspiration for this visit. To this important visit and to the role of .Saudi Arabia as a strategic partner for eight decades


Away from politics” .. Al-Kazemi’s advisor reveals to (Baghdad“ Today) the goals of Al-Kazemi’s visit to Riyadh

link

Today, Saturday, Adviser to the Prime Minister, Mazhar Muhammad Salih, expressed the importance of the Energy Conference in Riyadh, which will be held in a few days and will be attended by Prime Minister Mustafa AlKazemi, along with a number of ministers and officials concerned with the .conference

Saleh told (Baghdad Today) that "the political situation has nothing to do with us. We are talking about an important conference that may draw a new map for the oilexporting countries. Those who will participate in the conference are the countries that own half of the world's oil exports, and these countries, including Iraq, own two- . ".thirds of the world's oil reserves

He added: "We have to prepare to find out what it will result in, at least. What concerns us is the interest of Iraq, and we must come out victorious winners from ".the conference

And Saleh indicated that "Iraq lives on oil at the present time, with all its development and revenues. Russian oil wants to replace Iraqi oil in Asia," pointing out that "the oil market is in turmoil and we have to be strong partners in this matter ".because our economy depends on oil


Before his participation in the Saudi summit.. Al-Kazemi will visit Iran in the coming hours

link

%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%

Before his participation in the Saudi summit.. Al-Kazemi will visit Iran in the coming hours

 

The framework sends a message to Al-Kazemi regarding the visit to Iran: There is no second term, no matter what the pressures

link

1656170158665.jpg

The coordinating framework, which includes Shiite forces, renewed today, Saturday, its position on renewing the current Prime Minister Mustafa Al-Kazemi for a second term by assuming the presidency of the next federal government.

This came in a comment by the leader in the framework, Ayed Al-Hilali, about Al-Kazemi’s scheduled visit to Iran in the coming hours, and its matter of renewing his second term during the next stage.

Al-Hilali told Shafaq News Agency, "The coordinating framework forces will not renew Al-Kazemi's second term, and this matter is agreed upon by all the framework forces," adding that "the framework does not have any pressure from any party, even the Iranian, and this is with the testimony of the leader of the Sadrist movement, Muqtada al-Sadr." In his last statement.

He added, "Iran may not have any reservations about renewing Al-Kazemi's second term, but perhaps even support this matter, due to Al-Kazemi's closeness to the views between Tehran and Riyadh and between Tehran and the rest of the world and the disbursement of financial dues and other files," adding that "this matter does not mean The framework has something, and it is not possible to accept the renewal of the mandate, even if there is Iranian or other pressure on this file, even though it does not exist until now.”

An informed political source had revealed, earlier today, that the caretaker prime minister, Mustafa Al-Kazemi, would visit Iran before heading to the Kingdom of Saudi Arabia.

The Saudi royal court had announced earlier that US President Joe Biden would visit Saudi Arabia in mid-July to meet with Crown Prince Mohammed bin Salman, and the visit schedule includes a meeting with Iraqi Prime Minister Mustafa Al-Kazemi, Egyptian President Abdel Fattah Al-Sisi and Jordan's King Abdullah Bin Al Hussein.

And yesterday, Friday, a number of members of the Iraqi Council of Representatives collected signatures asking Al-Kazemi not to sign any agreement or treaty while attending the Saudi meeting in the presence of the American president.

It is noteworthy that the political blocs agreed in the parliament session that took place the day before yesterday, Thursday, to proceed with the formation of the new federal government, according to the principle of "partnership, balance, and consensus", which are the conditions announced by Kurdish leader Massoud Barzani.

This agreement came after the breakdown of the tripartite alliance between the Kurdistan Democratic Party led by Masoud Barzani, the Sovereignty Alliance headed by Khamis al-Khanjar, and the Sadrist movement led by Muqtada al-Sadr following the resignation of the Sadrist bloc’s deputies, and the current’s withdrawal from the political process by order of al-Sadr.

A parliamentary source had disclosed yesterday, Friday, to Shafak News Agency, the formation of the new government after the Eid al-Adha holiday, and while he indicated that it will be a "component quota" government, he confirmed the anticipation of political blocs outside the Shiite house of the ministries of the Sadrist movement after the resignation of his deputies and their failure to participate in the next government.


Mohammed bin Salman receives Al-Kazemi in Jeddah

link

199610.jpg?watermark=4

The Saudi Crown Prince, Mohammed bin Salman, received, on Saturday, the Iraqi Prime Minister, .Mustafa Al-Kazemi, in the Saudi city of Jeddah Pictures published by the media office of the Iraqi Prime Minister showed a "warm" reception ceremony for Prime Minister Mustafa Al-Kazemi, by the Crown Prince of the Kingdom of Saudi .Arabia, Prince Muhammad bin Salman Al Saud

 

 

Al-Kazemi's "suspicious" silence prompts Parliament to host him to open an important file

link

199557.jpg?watermark=4&1

Today, Saturday, the Al-Fateh Alliance revealed its intention to host Prime Minister Mustafa Al-Kazemi in parliament in the coming days, indicating that the goal of hosting is to inquire .about the reason for his "suspicious" silence regarding the Turkish attacks on northern Iraq The deputy of the coalition, Mahdi Taqi, said, in an interview with "Baghdad Today", that "representatives from different political blocs are moving to host Prime Minister Mustafa AlKazemi in Parliament with the beginning of the legislative term of Parliament, and the ".necessary signatures for this procedure have been collected

And Taqi indicated that "the aim of hosting Al-Kazemi in Parliament is to discuss the dangerous Turkish attacks on Iraq's sovereignty, which threaten its national security, and to discuss the Turkish incursion, which is increasing day by day in northern Iraq, amid great ".and suspicious silence of the Iraqi government

Parliamentary and political demands are increasing to end the Turkish attacks and the continuous air bombardment on Sinjar district in Nineveh and some other areas, amid accusations of the Erbil and Baghdad governments, in agreement with Ankara, to launch the .latter's military operations

 


The Framework Forms A Negotiating Committee To Discuss The Mechanism For Selecting The Presidents Of The Republic And The Ministers

link

Member of Parliament, Alia Nassif, confirmed, on Saturday, that the coordinating framework formed a negotiating committee to discuss the mechanism for selecting the presidents of the republic and the ministers, noting that the position of the first deputy was confirmed to be assigned to a strong personality.

Nassif said in a statement to "The Information", that "the next stage is a very difficult stage, and it faces a number of challenges, and a strong government must be found headed by an influential and effective figure. Therefore, the coordinating framework formed a committee to discuss and set standards and specifications for selecting the presidents of the republic and ministers."

She added, "The issue of choosing the first deputy speaker of the House of Representatives is among the entitlements of the Shiite component. The same criteria will be applied to choosing the prime minister, whose role must be active and not, as it was in previous sessions, a protocol role, because the position represents the largest component in the country."

And the representative of the Kurdistan Democratic Party bloc, Tohma Al-Lahibi, had confirmed earlier that his party would proceed with forming the new government with the coordinating framework if an agreement was achieved on consensus, balance and partnership. 


The Framework Defines Its Next Strategy In Political Dialogues

link

Member of the coordination framework, MP Muhammad Al-Ziyadi, confirmed, on Saturday, that the strategy that the framework will adopt in his dialogue with the political forces will be based on diagnosing the mistakes of the political process first before forming the government, indicating that the coordination framework will intervene strongly in order to eliminate problems between the two Kurdish parties to expedite agreement on a personal nomination for the position of president. Republic to speed up the formation of the government.

Al-Ziyadi said in a statement to "Information", that "the session to replace the representatives of the Sadrist bloc and the presence of all political forces, including the Kurdistan Democratic Party and sovereignty, indicate a strong desire to speed up the formation of the government," noting that "the framework, in turn, confirmed to the political forces the adoption of a new strategy." In his dialogue with political forces.

He added that "the forces of the coordination framework formed a committee to intervene with the Kurdish House in order to resolve the problems between the two Kurdish parties to expedite the agreement on naming a person for the position of President of the Republic in order to speed up the formation of the government." or immediately after it.

And the representative of the State of Law coalition, Alia Nassif, confirmed to / information /, today, Saturday, that the coordinating framework formed a committee to discuss and set standards and specifications for choosing the presidents of the republic and ministers.


The Framework Defines Its Next Strategy In Political Dialogues

link

Member of the coordination framework, MP Muhammad Al-Ziyadi, confirmed, on Saturday, that the strategy that the framework will adopt in his dialogue with the political forces will be based on diagnosing the mistakes of the political process first before forming the government, indicating that the coordination framework will intervene strongly in order to eliminate problems between the two Kurdish parties to expedite agreement on a personal nomination for the position of president. Republic to speed up the formation of the government.

Al-Ziyadi said in a statement to "Information", that "the session to replace the representatives of the Sadrist bloc and the presence of all political forces, including the Kurdistan Democratic Party and sovereignty, indicate a strong desire to speed up the formation of the government," noting that "the framework, in turn, confirmed to the political forces the adoption of a new strategy." In his dialogue with political forces.

He added that "the forces of the coordination framework formed a committee to intervene with the Kurdish House in order to resolve the problems between the two Kurdish parties to expedite the agreement on naming a person for the position of President of the Republic in order to speed up the formation of the government." or immediately after it.

And the representative of the State of Law coalition, Alia Nassif, confirmed to / information /, today, Saturday, that the coordinating framework formed a committee to discuss and set standards and specifications for choosing the presidents of the republic and ministers.



The amount of Iranian gas, the desired releases, and the debt.. Detailed figures show Iraq's need to revive energy

link

Today, Saturday, the Ministry of Electricity revealed the amount that Iraq .needs of Iranian gas needed to operate electrical stations

The ministry's spokesman, Ahmed Moussa, told (Baghdad Today) that "Iraq needs 50-55 billion cubic meters of Iranian gas to increase loads to operate electric power ".plants, as what is released from the Iranian side to Iraq is 40 billion cubic meters He added, "The ministry continues its meetings with the Iranian side to increase gas ".emissions to meet the needs of the system

Moussa pointed out that "the electrical stations are ready to operate in the event of an increase in Iranian gas emissions," noting that "Iraq has paid the Iranian gas ".debts in full and there is nothing left of them

It is noteworthy that the file of electric power in Iraq provoked the anger of the street and prompted it to go out repeatedly in demonstrations to demand a solution to this crisis, which is renewed in conjunction with high summer temperatures, while experts confirmed that what was spent on this file could establish more than 15 .electric power stations sufficient for hours of good processing for all country


Kurdistan Parliament meets next Monday: Several laws are read, on top of which is the amendment of "Oil and Gas"

link

1637652218911.jpeg

The Presidency of Kurdistan Parliament announced today, Saturday, that a meeting will be held next Monday to discuss a number of issues, including conducting the second reading of the draft law to amend the oil and gas law in the Kurdistan Region of Iraq. 

A statement by the Presidency of Parliament, received by Shafaq News Agency, stated that it invites members of Parliament for the 9th regular session of the spring session of the fourth year of the fifth session of Parliament, at ten o'clock in the morning next Monday. 

The statement explained that according to the session's work program, it includes voting on the proposed law (tourism in the Kurdistan Region of Iraq) and the first reading of the proposed law (the Syndicate of Health Professions in the Kurdistan Region of Iraq), (animal protection in the Kurdistan Region of Iraq) and (protection of animal rights in the region of Iraq). Iraqi Kurdistan). 

The statement also stated that Monday’s session includes the second reading of a number of legal proposals and projects, namely: a proposed law (activating the Federal Law for Electronic Signature and Electronic Dealing No. 78 of 2012 in the Kurdistan Region of Iraq), and a draft law (the first amendment to the Oil and Gas Law in the Kurdistan Region of Iraq). And a draft law (the first amendment to the Law on the Protection and Reform of the Environment in the Kurdistan Region of Iraq No. 8 of 2008).



UAE's Dana Gas's Iraq facilities targeted by third missile strike in a week

link

A missile attack on Saturday targeted facilities owned by UAE energy firm Dana Gas in Iraq's Sulaimaniya province, three sources said.

The attack, the third to target facilities owned by the company in Iraq inside a week, caused no casualties or damage, two security sources and third source with knowledge of the matter said.

No group has claimed responsibility for the attacks.

Armed groups that some Iraqi officials say are backed by Iran have claimed similar attacks in the past.


Unidentified persons publish posters bearing the slogan "Change )is coming" in Sadr City (video 

link

Today, Friday, a local source said that unknown persons posted posters in ".Sadr City bearing the slogan "Change is coming

In an interview with (Baghdad Today), the source said, "Information has been received that there are unknown people who are pasting pieces bearing the slogans, "Change is Coming", on the wall of the city court near Muzaffar Square, in the ".direction of the army channel

He continued, "Immediately a force was formed and went to the place above, and it was found that there were (3) pieces that were pasted at the end of the court wall," ".noting that " these pieces were removed from the wall and burned

 https://www.youtube.com/watch?v=_1JCkr578c8&ab_channel

 

The blockage is over'.. Coordinator confirms: There are no' obstacles to forming a government 

link

The coordination framework, which brings together the Shiite political forces, confirmed today, Saturday, that there are no obstacles to the .formation of the new Iraqi government The leader in the framework, Fadel Al-Fatlawi, told (Baghdad Today) that "there are no obstacles to the formation of the new Iraqi government, there are great understandings between all political forces to speed up the process of forming the ".government according to the participation and participation of everyone in it

Al-Fatlawi indicated that "the stage of the political process has emerged from the state of political blockage, and for this we have reached the stage of agreements and understandings to proceed with the formation of the new Iraqi government, to ".confront the crises that Iraq is going through at various levels 


Iranian ambassador to Baghdad: We support an inclusive government that represents the voice of the Iraqi people

link

The ambassador of the Islamic Republic of Iran to Baghdad affirmed, on Saturday, that Tehran supports an inclusive government that represents the voice of all Iraqis, and supports every national figure who puts the interests of Iraq and its people first.

Iranian Ambassador to Baghdad: We support an inclusive government that represents the voice of the Iraqi people

On Saturday, Muhammad Kazem Al Sadiq, the Iranian ambassador to Baghdad, and his accompanying delegation met with Khaled Al-Obeidi, head of the Security and Defense Committee in the Iraqi parliament, where the two sides held talks on various political, economic and security issues.

At the beginning of the meeting, Al-Obaidi said: Iraq is keen on the best relations with its neighbors in all areas that serve common interests.
And he indicated that good neighborliness and closer cooperation between countries reinforces the state of security and stability among them, stating: The weakness of Iraq has led to wide imbalances that have affected most countries in the Middle East.

During the meeting, Ambassador Al Sadiq said that a strong, stable, and independent Iraq, with its decisions, represents a factor of stability for Iran, the region and the world, stressing that Iran supports any national figure that places the interests of Iraq and its people among its direct priorities, noting that Tehran supports a comprehensive government that represents the voice of all Iraqis.

The conversation between the two sides also touched on the various challenges and dangers facing the Iraqi and Iranian societies.


No comments:

Post a Comment