WOTS TUE 7 5 22
Will al-Maliki explode the surprise by returning to head the government, taking advantage of his good relationship with President Biden?
Hours after postponing the announcement of the State of Law coalition for its candidate to head the next government, the coalition returned on Monday, to confirm that its candidate for this position is Nuri al-Maliki, the former prime minister for two terms, and the man who is described as very strong in post-Iraq. 2003.
Nouri al-Maliki, the archenemy of the leader of the Sadrist movement, Muqtada al-Sadr, is now an official candidate, amid silence from the forces of the coordination framework (an expanded Shiite umbrella except for the Sadrist movement), and also amid anticipation of al-Sadr's position personally on this nomination, while a former deputy of the Sadrist movement called Al-Amiri is absent from the nomination as "the devil's dream of heaven."
Meanwhile, the observer of political affairs, Muhammad Ali Hussein, told (Iraq Today), that "the nomination is not a surprise in itself, but the surprise is that the nomination turns into a reality, and the man proceeds to form a third ministry in this era, supported by a strong internal force, in addition to an international welcome and at the head of Welcome to the administration of US President Joe Biden, which seems to do not mind the return of al-Maliki to power in Baghdad, based on a long history of cooperation between Biden, who was President Barack Obama, and also al-Maliki's experience in dealing with a Democratic administration in the White House.
While an informed source suggested that a comment from the Sadrist movement would be issued in the next few hours on this nomination, at a time informed sources reported that “the main framework forces will not mind al-Maliki’s nomination to the end of the journey, but there is a reservation, perhaps from the leader of the Badr Organization Hadi al-Amiri, who pays By not provoking al-Sadr and dragging him into a clash with the framework forces, which will obstruct the formation project, and may push matters to slip beyond the political scramble.
Meanwhile, political analyst Salam Al-Awadi expected the coordination framework forces to go to internal options to resolve the controversy over the nomination for the prime minister's position.
Al-Awadi said in an interview with (Iraq Today), that "Al-Maliki's candidacy held the internal framework crisis, and it may end up putting the candidates for prime minister on the internal vote to resolve the differences, and here the internal balances will play their game in favoring one candidate over another."
In the same context, the leader of the Wisdom Movement, Ammar al-Hakim, hinted at a veiled refusal to nominate personalities he said were provocative for prime minister, calling for the selection of a moderate figure acceptable to all.
Iran announces pumping $7 billion to invest in a joint oil field with Iraq
Ogi wrote on Twitter on Monday evening, according to the official IRNA news agency: “For the first time in the history of the Iranian oil industry, the integrated development plan for the joint Azadekan oil field will be activated, with $7 billion in funding from state and private banks, economic holdings and the National Development Fund, with the aim of increasing The production of this field is 570,000 barrels per day.
The Azadekan oil field in the Iranian province of Khuzestan is the largest Iranian oil field discovered in the past 3 decades. It is a joint field with the Iraqi Majnoon field, and its oil reserves are estimated at 32.2 billion barrels.
Fitch announces the credit rating of Iraqi Islamic banks
The credit rating agency, Fitch, suggested that the assets of the Iraqi Islamic banking sector will continue to grow in the medium term.
A report by the agency issued today, Tuesday (July 5, 2022) and translated by "Al-Iqtisad News" stated that "the medium to long-term growth potential of the Islamic banking sector in Iraq (b-/stable) is positive."
The report considered that “the Iraqi Islamic banking sector is small, with a market share of 8.1% of the total assets of the banking system at the end of 2021 (2017: 5.3%) and a market share of 3.7% of the total deposits of the banking system (2017: 3%).”
He explained that "the total assets of Islamic banks amounted to 12.9 trillion Iraqi dinars (8.8 billion US dollars) by the end of 2021, which represents a significant growth of 18.2% year-on-year (2020: 9.7%). It exceeded the growth of the assets of conventional banks in 2021 by 15.1% On an annual basis (2020: 4.1%), the total assets of the Iraqi banking system reached 159.4 trillion Iraqi dinars (US$109.2 billion) at the end of 2021.
The report pointed out that “Islamic banks enjoy high capital ratios - higher than conventional banks, although such levels of capital can be quickly amortized in such a weak and volatile operating environment. Islamic banks capital constituted 42.2% of the total capital of the banking sector Iraq at the end of 2021, despite a much smaller market share of assets than conventional banks.”
He pointed out that “Iraq’s share of global Islamic banking assets is small at 0.4% at the end of the third quarter of 2020 and was lower than neighboring Jordan (0.7%) and Oman (0.7%), according to the Islamic Financial Services Board (IFSB), mainly because Operating environment. 30 out of 76 Iraqi banks were Islamic in 2021, consisting of one state-owned bank and 29 private banks.
He cautioned that "key issues in the banking industry include a difficult operating environment, political instability, limited lending opportunities, lack of comprehensive regulations governing the industry, weak enforcement of financial regulations, reporting and transparency issues (contributing to mistrust in the banking system), and laundering. Money concerns and unskilled human capital.
The report identified challenges specific to Islamic banking with “poor awareness of Islamic products, lack of standardization, limited product range, and lack of Islamic liquidity management tools. Some Iraqi banks operate largely as treasury functions, spreading excess liquidity to CBI positions with There are no real banking business models
An Economist Confirms The Inability At The Present Time To Reduce The Exchange Rate Of The Dollar
The economic expert, Dr. Safwan Qusay, explained that the current time does not allow changing the exchange rate of the dollar and raising the value of the Iraqi dinar without taking measures to ensure that the dinar maintains its value.
Qusay told Al-Maalouma, "The Central Bank confirmed that there is no justification for restoring the dollar exchange rate to its previous era, especially since the process of defending the value of the Iraqi dinar needs reserves that grow over time in this bank, as well as the process of rehabilitating the economy to be productive. And he can defend the value of the dinar.”
He added that "Iraq does not currently have revenues in dinars other than the legal revenues approved by the government for fees, taxes and others, and when the Iraqi economy is rehabilitated so that there are revenues from the geographical location or the industrial, food and agricultural sectors, as the process of changing the shape of the economy is what will allow the value of the dinar to increase “.
And he indicated that “the increase, if it takes place, will be unreal, and Iraq may feel that this increase will not be in place, and it is better to invest the savings that the country obtains from high oil prices for strategic investment projects so that it will be a base for defending the Iraqi dinar to absorb unemployment and reduce poverty.”
ZoodPay enters Strategic Partnership with Shopini
ZoodPay has announced that it has entered into a strategic partnership with Shopini, a leading Iraqi company in retail, e-commerce, shipping, supply chain, and food delivery.
According to a statement, the company has one of the major online marketplaces in Iraq with over one million downloads, a network of offline stores in 16 of 18 Iraqi governorates, with the biggest hypermarket in Al Basra (Basra Center) as well as several retail Shopini Stores across the country.
It says the partnership has allowed integration of the ZoodPay BNPL (buy now pay later) payment solution on the Shopini marketplace as well as in the Basra Center and Shopini Stores where customers can now shop and pay in 4 ZoodPay installments with 0% interest and no hidden fees.
Methodology for discussing inflation as a structural problem for the Iraqi economy
At the outset, I contemplate the openness of the chest and the broadness of the horizon in accepting the opinion and the other opinion and giving priority to the economic, financial and national development interests, and the belief in allowing the flexibility to present and generate new ideas as much as is available to stimulate dialogues and proposals with high flexibility and not to be excluded or neutralized to sustain the presentation of ideas and visions and the maturation of intellectual projects and to ensure the succession of the series of ideas And dialogues and propositions specialized constructive, objective and intellectual disability .
The economic elite holding decision-making and economic theorizing should understand that the intellectual clash will appear at first sight to be in opposition to or as an intellectual and fundamental challenge to the theoretical propositions and the intellectual and methodological depth of the nature of the Iraqi economic mentality that adopts the theoretical ideas and propositions derived from the thought of capitalist theory and patterns of Islamic economic and social thought, but upon closer consideration The in-depth analysis and economic understanding from multiple angles reveals, at the second and perhaps third, a positive economic intellectual difference to bring about intellectual transformations for the supply of the intellectual proposal and the nature of the formation of solutions and the proposed economic model in an unconventional way, and the adoption of a new economic methodological path will certainly need a time-consuming agreement with this new economic intellectual approach... In order to bring about effective non-traditional solutions and adopt a new methodological economic path ….
Briefly and objectively to address inflation in Iraq, as an introduction, the basic and essential features and reasons for sustaining real and unreal inflation in Iraq should be known :
Politically oriented reforms in Iraq in the 1990s, post-2014 and low economic efficiency, over-centralization, over-dependence on external factors, business psychology, and underdevelopment of the financial market. Anti-inflation opportunities, monetary policy constraints and related to the federal public budget, the interrelationship between inflation targeting and economic growth, and the role of industry, agricultural and tourism regulators are evaluated. The complexity of guarantees in economic, commercial and financial operations and the lack of focus on the growth of insurance coverage to secure protection, business growth, industrial and agricultural development and others (Macroeconomic modeling and its impact on the development of the Iraqi insurance market and a review of reinsurance agreements, the leader of the Iraqi market in a manner consistent and achieving efficiency and economic ability) .
Also, the reasons for the structural nature of inflation in the Iraqi economy should be examined and dealing with inflation as one of the basic and main factors and indicators in the development and stability of the Iraqi economy: the reforms of the 1990s, low efficiency and high centralization of the economy, business mentality and the economy, and the weakness of the financial market. The growth of forms of corruption, the scattering and loss of financial resources and the weak growth of the equation of oil resources = economic development + development of non-oil resources + social welfare !!!
And exposure to realism, high transparency and a conscious diagnosis with high economic and commercial thought to the results of the anti-inflation policy, the role of regulators, monetary and budget officials, sectoral, unions, professional associations and pressure labor forces, the relationship between inflation targeting and economic growth, and the lack of efficiency of the economic mentality in understanding and modern economic reading and the ability to localize and calm inflation And modeled economically and statistically in a systematic way .
There are main axes that should be focused on (inflation of demand and attraction; inflation in rising costs and prices; targeting inflation; anti-inflation policy; economic growth, inflation and the growth of the size of the productive, industrial and agricultural base). And finding a sound new economic methodology in line with modern economic thought and the capabilities and capabilities of inputs, actors and dynamism of the ethnic economy .
Real inflation is partly inherited from the era of the previous regime, partly predetermined by the political and economic environment and the transition to a market economy. It was sustained as a result of the slack and inflation of the economic and financial system, the lack of targeting sound financial and economic adjustment, the large number of legislated laws and financial and economic decisions that are not consistent with the nature of financial and economic regulation according to the perspective of Modern economic thought .
We suggest that an expert economic team be formed in economic, financial and monetary policies and related risks and modern techniques in addressing economic inflation for the purpose of forming a new economic methodology according to a specific economic model to assess and evaluate inflation risks on the economic, commercial, development and service sectors and scenarios for building the necessary policies and adjusting and correcting the strategy methodology accordingly
The Iraqi Stock Exchange will stop for nine days
The Iraqi Stock Exchange (the Stock Exchange) announced today, Tuesday, the suspension of its activity for a period of nine days.
The market said in a statement received by Shafaq News Agency, "Based on the decision of the Council of Ministers to declare a nine-day official holiday on the occasion of the blessed Eid Al-Adha, the last trading session will be on Thursday, July 7."
He added: "The activity will be practiced after the official holiday, starting from Sunday, July 17, according to its official timings."
It is noteworthy that the market organizes five trading sessions per week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.
government advisor warns of the collapse of oil prices
Today, Tuesday, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, warned of the collapse of oil prices.
Saleh said in an exclusive interview with (Iraqi Media News Agency / INA) that "oil prices must collapse and decline, and this rise is me and my time due to the Ukrainian-Russian war."
He pointed out, "The need to take advantage of this rise through the establishment of investment projects as well as development projects."
It will set fires.” A deputy warns the Al-Kazemi government against the move to lift subsidies on gasoline prices
The deputy of the Sadiqoun bloc, Zainab Juma al-Moussawi, warned today, Tuesday, of a popular revolution in the event the Iraqi government takes a step to lift subsidies on gasoline prices.
Al-Moussawi said in a statement received by Earth News, "The lifting of subsidies on the prices of oil derivatives (gasoline) will ignite the fires of a popular revolution against Mustafa Al-Kazemi's government, which is working to absorb everything that the Iraqi citizen has."
Al-Moussawi added that “in 2020, the Al-Kazemi government released the white paper, which did not bear economic fruits for Iraq and its people until it carried out a deadly financial project, which is to reduce the exchange rate of the Iraqi dinar against the US dollar from the price of 1180 to 1450 dinars for every 1 dollar, which led Until merchants seize the opportunity and collect their money from the market by selling warehouse goods at more expensive prices than before.”
Al-Moussawi indicated that "the political blocs, including the coordination framework in particular, are in full swing to restore the exchange rate to alleviate the suffering of the Iraqi people.
A parliamentarian warns of a popular revolution if the government takes such a step
Today, Tuesday, Zainab Juma Al-Moussawi, a deputy from the Sadiqoun bloc, warned of a popular revolution if the government took such a step, which it described as igniting fire.
Al-Moussawi said in a statement received by (the Iraqi Media News Agency / INA) that "lifting subsidies on the prices of oil derivatives (gasoline) will ignite the fires of a popular revolution against Mustafa Al-Kazemi's government, which is working to absorb everything that the Iraqi citizen has."
And she added: “In 2020, the Al-Kazemi government released the white paper, which did not bear economic fruits for Iraq and its people until it carried out a deadly financial project, which is to reduce the exchange rate of the dinar against the dollar from the price of 1180 to 1450 dinars for every $1, which led to traders taking advantage of opportunity and collect their money from the market by selling warehouse goods at more expensive prices than before.”
Al-Moussawi concluded by saying: "The project of the political blocs, including the coordination framework in particular, is in full swing to restore the exchange rate to alleviate the suffering of the Iraqi people."
Al-Halbousi discusses with the Iranian ambassador the developments of the political situation
Parliament Speaker Muhammad al-Halbousi discussed today, Tuesday, with the new Iranian ambassador to Iraq, the developments of the political situation in the country and the region.
The office of the Speaker of the House of Representatives said in a statement received by Earth News, "The Speaker of Parliament, Muhammad al-Halbousi, received today the new ambassador of the Islamic Republic of Iran to Iraq, Muhammad Kazem Al Sadiq, and his accompanying delegation."
He added that "Al-Halbousi expressed his wishes for success and success for the Iranian ambassador in his new duties," noting that "the meeting discussed bilateral relations between the two countries, and the development of means of joint cooperation in various fields, in the interest of the two neighboring peoples, as well as discussing developments in the political situation in the country and the region." “.
Al-Halbousi stressed the importance of diplomatic work in strengthening bilateral relations.
Kurdistan Democratic Party: Hand us the gas, we will hand you the Iraqi presidency
Kurdistan Region President Nechirvan Barzani met today, Tuesday, well-known US Senator Lindsey Graham and his accompanying delegation.
The delegation includes: Alina Romanowski, the US ambassador to Iraq, General John Brennan, commander of the international coalition forces, and a number of diplomats and senior American officers.
A statement issued by the Presidency of the Region stated that, during a meeting, they discussed the situation in Iraq and the political process in the country, the latest developments in the war on terrorism, Erbil-Baghdad relations and dialogue to solve problems between them, the situation in Syria and the Kurdish issue in it.
The statement added that the two sides stressed the importance of maintaining security and stability in the region and agreed that the threat of terrorism and the re-emergence of ISIS is a real threat to the security and stability of Iraq and Syria.
President Nechirvan Barzani stressed that the key to stability and solving Iraq's problems is solving the problems of Erbil-Baghdad through dialogue and in accordance with the constitution.
The relations of Iraq and the Kurdistan Region with neighboring countries and countries in the region, the latest developments in the situation in the region in general, and a set of issues of common concern, formed other axes of the meeting, according to the statement.
Al-Maliki's Coalition: The 2022 Budget Will Not Go Ahead Without Returning The Price Of The Dollar
The State of Law coalition confirmed, on Tuesday, that the coalition will not vote to pass the 2022 budget except by a decision to lower the dollar exchange rate and return it to what it was previously.
The leader of the coalition, Haider al-Lami, said in an interview with / the information / that “Al-Maliki’s coalition categorically refused to raise the exchange rate of the dollar and keep the price as it was previously, or raise it to a maximum of 125,000 thousand Iraqi dinars for the 100 US dollars, but we were surprised by the refusal Great," noting that "the only person affected by this rise is the Iraqi people.
He added, "Iraq today exports more than four million barrels, and the price of one barrel reaches more than $100, but so far we see the dollar exchange rate is very high."
The leader of the State of Law explained that "the coalition will not proceed with passing the Federal Budget Law for 2022 inside the parliament, except by a decision to lower the dollar exchange rate and return it to what it was previously in order to serve the interests of the Iraqi people."
And the leader in the State of Law coalition, Essam Shaker, confirmed to “Information” that “all the political elites agree that Al-Kazemi’s government has committed grave mistakes in the economic file, starting with the file of raising the dollar exchange rate and decreasing the value of the Iraqi dinar, leading to weak control over the markets and leaving millions of Iraqis at the mercy of Monopoly and the mafias of the markets that manipulate prices as they wish
Iraq and Lebanon discuss strengthening partnership and development programs in various economic sectors
Minister of Finance Ali Abdul-Amir Allawi received today, Tuesday, the Lebanese Minister of Energy and Water, Walid Fayyad, accompanied by Ali Adib Al-Habhab, Lebanon's ambassador to Baghdad.
The two sides discussed mechanisms for developing areas of joint work between the governments of the two brotherly countries, and ways to strengthen cooperation ties to serve the interests of the two peoples.
Allawi affirmed Iraq's support for the government and people of Lebanon, stressing the Iraqi government's aspiration to strengthen partnership and development programs that include various economic sectors on both sides.
For his part, Minister Fayyad valued Iraq's supportive role for its brothers in Lebanon, especially in light of the circumstances and challenges that Lebanon is going through at the present time, pointing to the depth of bilateral relations between the two countries and his country's government's endeavor to expand cooperation and investment frameworks in the sectors concerned with improving the economic reality in the service of the peoples of the two brotherly countries.
Nechirvan Barzani to an American senator: The key to Iraq's stability is in solving the problems of Baghdad and Erbil
The President of the Kurdistan Region, Nechirvan Barzani, said that the key to stability and solving Iraq's problems is solving the problems of Erbil and Baghdad through dialogue and in accordance with the constitution.
The Presidency of the Region said in a statement received by NINA that Barzani received the well-known American Senator Lindsey Graham and an accompanying delegation that includes Alina Romanowski, the American ambassador to Iraq, General John Brennan, commander of the international coalition forces, and a number of diplomats and senior American officers.
The situation in Iraq and the political process in the country, the latest developments in the war on terrorism, Erbil-Baghdad relations and dialogue to solve problems between them, the situation in Syria and the Kurdish issue in it.
According to the statement, the two sides stressed the importance of maintaining security and stability in the region, and they agreed in the opinion that the threat of terrorism and the re-emergence of ISIS is a real threat to the security and stability of Iraq and Syria.
Law: The Prime Minister's Prospective Personality Is Cooking On A Quiet Fire
State of Law MP Jassem al-Moussawi denied, on Tuesday, the existence of a split or disagreement within the coordinating framework about the personality of the expected prime minister.
Al-Moussawi said in an interview with "Al-Maalouma" that "the coordination has reached the stage of maturity in choosing the personality of the prime minister, and there is no difference about it," stressing that "the framework with all its political blocs seeks the agreement of the Kurdish parties on one personality and not to go with two personalities to the House of Representatives to pass the President of the Republic." .
He added, "The personality of the prime minister will be one of the leaders of the framework and the blocs affiliated with it, and the person who will be strong and experienced, able to assume responsibility and cross the country to the stage of safety."
He continued, "The meetings are underway and the atmosphere is positive, and the announcement of the name of the next prime minister will be after the Eid."
The coordinating framework had held many meetings and negotiations in order to resolve the position of the President of the Republic with the Kurdish parties, and also called on all political forces to participate in forming the government, until after the stage of choosing the prime minister and proceeding with forming the next government would take place.
Barzani: We are always ready for talks with Baghdad, and we will not give up our rights under any pressure or circumstance
The President of the Kurdistan Regional Government, Masrour Barzani, affirmed, on Tuesday, that the region will never give up its constitutional rights, at a time when the US ambassador to Iraq, Alina Romanowsky, indicated that the region is a strong ally of Washington.
This came during Masrour Barzani's reception of the US ambassador in Erbil, according to a statement received by Mawazine News, a copy of which, according to the statement, "discussed ways to improve relations between the Kurdistan region and the United States, in addition to discussing solving problems between the region and the federal government."
The Prime Minister reiterated that "
The US ambassador pointed out that "the Kurdistan region is a friend and a strong ally of the United States, and also stressed the need to solve the problems between the Kurdistan region and the federal government on the basis of the constitution."
Baghdad and Beirut discuss mechanisms for paying Iraq's dues
Central Bank Governor Mustafa Ghaleb Mikhaif discussed today, Tuesday, with Lebanese Energy Minister Walid Fayyad, mechanisms for paying Iraq's dues from the agreement to export the fuel oil product.
A central bank statement, which Mawazine News received a copy of, stated, "The Governor of the Central Bank, Mustafa Ghaleb, received the Lebanese Minister of Energy and Water, Walid Fayyad, and his accompanying delegation."
The statement added that "Makhif welcomed at the beginning of the meeting the visiting delegation, stressing his keenness to develop bilateral relations to serve the interests of the two countries."
He pointed out that "during the meeting, aspects of bilateral cooperation between Baghdad and Beirut were discussed, as well as banking mechanisms to pay the Lebanese side's obligations regarding Iraq's dues from the agreement to export the fuel oil product to the Lebanese side."
During its next meeting, the coordination framework will officially present Al-Maliki as a candidate to head the new Iraqi government
A source in the coordination framework said, on Tuesday, that the framework will officially present the name of the head of the State of Law coalition, Nuri al-Maliki, as a candidate for the position of prime minister during the next meeting of the framework and the forces allied with it.
The source told Shafaq News Agency, "It is hoped that the leaders of the coordination framework will hold an important meeting in the coming days to discuss a number of files, including the nomination of candidates for the presidency of the next government, where (Al-Maliki) will be presented as an official candidate for the position within the corridors of the framework, in addition to submitting other names from The same Shiite alliance, and thus the leader of the state of law officially enters the list of competition for the government, and that the objections to the latter are almost non-existent now.
He pointed out that "the meeting to be held will include registering the names and signatures of the deputies involved in the framework to form the largest parliamentary bloc to ensure that a parliamentary session with a full quorum is held after the end of the Eid holiday to announce the largest bloc in addition to the election of the President of the Republic, where the matter was discussed with the Kurdish leaders to resolve their candidate for the presidency."
The source added that "the political movement within the framework is very accelerating to form a strong government capable of meeting the requirements of the Iraqi street in general."
The leader of the State of Law coalition, Muhammad al-Sihoud, told Shafaq News earlier, "The last meeting of the State of Law coalition, in which it was agreed to nominate the leader of the coalition, Nuri al-Maliki, for the position of Prime Minister, according to the criteria and mechanism proposed by the coordinating framework in the personality of the candidate for the position Prime Minister".
Al-Sihoud explained, "The Al-Fateh bloc has not submitted any candidate so far, and we are waiting for the opening of the nomination door from within the largest parliamentary bloc represented by Shiite deputies, so that the candidate will be elected within the bloc, as happened in 2005 when the United Iraqi Alliance opened the door for nomination for all From Ibrahim Al-Jaafari, Adel Abdul-Mahdi and Ahmed Chalabi, so that Al-Jaafari will be elected and win the elections.
Since the Sadrist bloc’s representatives submitted their resignations from the Iraqi Council of Representatives and the withdrawal of the Sadrist movement’s leader Muqtada al-Sadr from the political process, the coordinating framework has addressed the task of forming the new government and entered into internal negotiations and dialogues with other political forces, but until now it has not been officially announced that understandings have been reached between the two parties. The blocs lead to the formation of the government.
After talking about Al-Maliki's nomination to head the government .. Al-Amiri sets a triple condition and threatens to join Al-Sadr
A source in the Al-Fateh Alliance led by Hadi al-Amiri revealed this evening, Tuesday, that the latter will not participate in the new government unless a president is chosen for it who is accepted by the Kurds, Sunnis and the Sadrist movement, threatening to withdraw from the political process and join the camp of the movement's leader Muqtada al-Sadr.
This comes in conjunction with the confirmation of a source in the coordination framework, that the name of the head of the State of Law coalition, Nuri al-Maliki, will be presented as a candidate for the position of prime minister during the next meeting of the framework and the forces allied with it.
The source told Shafaq News Agency, "The Secretary-General of the Badr Organization, the leader of the Al-Fateh Alliance, Hadi Al-Amiri informed the leadership of the coordination framework that he may not participate in forming the new government if the mechanism and specifications of the candidate for the position of Prime Minister are not agreed upon."
And he indicated that "the Badr parliamentary bloc informed the framework leadership that one of the conditions that must be met by the coordination framework candidate for the position of prime minister, is that he be accepted by the Sunni and Kurdish political blocs, especially the Sadrist movement, despite their withdrawal from the political process."
The source added, "The Badr bloc, which has 16 deputies out of 34 in the Al-Fateh Alliance, may join the Sadrist movement and withdraw from the political process if the General Authority for the Coordination Framework does not agree on the personality of the prime minister."
Earlier today, a source in the coordination framework told Shafak News Agency, "It is hoped that the leaders of the coordination framework will hold an important meeting in the coming days to discuss a number of files, including naming candidates for the presidency of the next government, where (Al-Maliki) will be presented as an official candidate. For the position within the corridors of the framework, in addition to submitting other names from the same Shiite alliance, and thus the leader of the state of law officially enters the list of competition for the government, and that objections to the latter are almost non-existent now.
He pointed out that "the meeting to be held will include registering the names and signatures of the deputies who are part of the framework to form the largest parliamentary bloc to ensure the holding of a parliamentary session with a full quorum after the end of the Eid al-Adha holiday to announce the largest bloc, in addition to electing the President of the Republic, where the matter was discussed with the Kurdish leaders to resolve their candidate for the presidency." .
Since the Sadrist bloc’s representatives submitted their resignations from the Iraqi Council of Representatives and the withdrawal of the Sadrist movement’s leader Muqtada al-Sadr from the political process, the coordinating framework has addressed the task of forming the new government and entered into internal negotiations and dialogues with other political forces, but until now it has not been officially announced that understandings have been reached between the two parties. The blocs lead to the formation of the government.
Washington: Iraq is the most important strategic partner in the region
Bafel Talabani arrives in Baghdad
Official source: Negotiations to form the government are suspended until after Eid
Below here is the WOTS for the day "Word on the Street" report:
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The Iraqi Stock Exchange will stop for nine days
The Iraqi Stock Exchange (the Stock Exchange) announced today, Tuesday, the suspension of its activity for a period of nine days.
The market said in a statement received by Shafaq News Agency, "Based on the decision of the Council of Ministers to declare a nine-day official holiday on the occasion of the blessed Eid Al-Adha, the last trading session will be on Thursday, July 7."
He added: "The activity will be practiced after the official holiday, starting from Sunday, July 17, according to its official timings."
It is noteworthy that the market organizes five trading sessions per week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.
government advisor warns of the collapse of oil prices
Today, Tuesday, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, warned of the collapse of oil prices.
Saleh said in an exclusive interview with (Iraqi Media News Agency / INA) that "oil prices must collapse and decline, and this rise is me and my time due to the Ukrainian-Russian war."
He pointed out, "The need to take advantage of this rise through the establishment of investment projects as well as development projects."
Will al-Maliki explode the surprise by returning to head the government, taking advantage of his good relationship with President Biden?
Hours after postponing the announcement of the State of Law coalition for its candidate to head the next government, the coalition returned on Monday, to confirm that its candidate for this position is Nuri al-Maliki, the former prime minister for two terms, and the man who is described as very strong in post-Iraq. 2003.
Nouri al-Maliki, the archenemy of the leader of the Sadrist movement, Muqtada al-Sadr, is now an official candidate, amid silence from the forces of the coordination framework (an expanded Shiite umbrella except for the Sadrist movement), and also amid anticipation of al-Sadr's position personally on this nomination, while a former deputy of the Sadrist movement called Al-Amiri is absent from the nomination as "the devil's dream of heaven."
Meanwhile, the observer of political affairs, Muhammad Ali Hussein, told (Iraq Today), that "the nomination is not a surprise in itself, but the surprise is that the nomination turns into a reality, and the man proceeds to form a third ministry in this era, supported by a strong internal force, in addition to an international welcome and at the head of Welcome to the administration of US President Joe Biden, which seems to do not mind the return of al-Maliki to power in Baghdad, based on a long history of cooperation between Biden, who was President Barack Obama, and also al-Maliki's experience in dealing with a Democratic administration in the White House.
While an informed source suggested that a comment from the Sadrist movement would be issued in the next few hours on this nomination, at a time informed sources reported that “the main framework forces will not mind al-Maliki’s nomination to the end of the journey, but there is a reservation, perhaps from the leader of the Badr Organization Hadi al-Amiri, who pays By not provoking al-Sadr and dragging him into a clash with the framework forces, which will obstruct the formation project, and may push matters to slip beyond the political scramble.
Meanwhile, political analyst Salam Al-Awadi expected the coordination framework forces to go to internal options to resolve the controversy over the nomination for the prime minister's position.
Al-Awadi said in an interview with (Iraq Today), that "Al-Maliki's candidacy held the internal framework crisis, and it may end up putting the candidates for prime minister on the internal vote to resolve the differences, and here the internal balances will play their game in favoring one candidate over another."
In the same context, the leader of the Wisdom Movement, Ammar al-Hakim, hinted at a veiled refusal to nominate personalities he said were provocative for prime minister, calling for the selection of a moderate figure acceptable to all.
An Economist Confirms The Inability At The Present Time To Reduce The Exchange Rate Of The Dollar
The economic expert, Dr. Safwan Qusay, explained that the current time does not allow changing the exchange rate of the dollar and raising the value of the Iraqi dinar without taking measures to ensure that the dinar maintains its value.
Qusay told Al-Maalouma, "The Central Bank confirmed that there is no justification for restoring the dollar exchange rate to its previous era, especially since the process of defending the value of the Iraqi dinar needs reserves that grow over time in this bank, as well as the process of rehabilitating the economy to be productive. And he can defend the value of the dinar.”
He added that "Iraq does not currently have revenues in dinars other than the legal revenues approved by the government for fees, taxes and others, and when the Iraqi economy is rehabilitated so that there are revenues from the geographical location or the industrial, food and agricultural sectors, as the process of changing the shape of the economy is what will allow the value of the dinar to increase “.
And he indicated that “the increase, if it takes place, will be unreal, and Iraq may feel that this increase will not be in place, and it is better to invest the savings that the country obtains from high oil prices for strategic investment projects so that it will be a base for defending the Iraqi dinar to absorb unemployment and reduce poverty.”
CBI Update: Just a note:
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