WOTS MON SEP 12 22 The Governor of the Central Bank discusses with the European Union the file of the Iraqi economy
Member of the State of Law Coalition, Wael Al-Rikabi, during a televised interview:
- Al-Halbousi and Barzani meeting is a good sign
- the tripartite alliance ended after the Erbil meeting
- the political forces will proceed with the constitutional frameworks
- the position of democracy and sovereignty was expected even before the decision of the Federal Court
- the caretaker government is unable to perform its tasks
- the two dialogue sessions produced political consensus
- the two Kurdish parties agreed on a candidate One for the presidency
- Muhammad al-Shiya al-Sudani is still the official candidate for the framework
- a tripartite technical committee will move to visit Al-Hanana after the forty years
- there is a Kurdish consensus to change Barham Salih
- the political blockage is at its end and there is a “secret” rapprochement
- the framework is moving in one line and its parties unanimously agreed to hold a parliamentary session
- The current will not object to the opinion of the majority of the national space
- the decision to dissolve parliament should have a national consensus
The framework will not exclude anyone in the government booth, even those who have moved away
KDP MP Shirwan Dobardani during a televised interview:
- There is nothing called the Triple Alliance after the resignation of the Sadrist bloc
- The Triple Alliance is over
- The 2018 scenario will not be repeated and we will enter with one candidate for the presidency
- The Democratic Party is still sticking to Berber Ahmed
- The statement of the Erbil meeting did not ignore the dagger
- There is no such thing as the Triple Alliance after the resignation of the Sadrist bloc
- The tripartite alliance is over
- 2018 scenario will not be repeated and we will enter with one candidate for the presidency
- The Democratic Party is still sticking to Berber Ahmed
- The statement of the Erbil meeting did not ignore the dagger
- We cannot proceed without political partners and we will not exclude anyone
- If the tripartite committee fails, we will have official decisions
- The political forces agree on Dissolving Parliament according to constitutional frameworks
- keeping Al-Kazemi until the elections are held is inconsistent with the constitution and laws
Iraq will enter a new phase after the fortieth visit
Independent politician Nadim Al-Jabri during a televised interview:
- There is no balance between the legislative and executive authorities at present
- The political class that was supervising the writing of the constitution did not have a foresight
- We proposed writing a temporary constitution for one term in 2005
- We warned the political class of national problems when writing the constitution
- The Sunnis did not participate in real participation in writing The constitution
- the Iraqi constitution was not written with bribes or money at all
Professor of Constitutional Law Abbas Al-Aqabi during a televised interview:
- The region will object to any constitutional amendment that affects its gains
- The Iraqi constitution is sometimes ambiguous
- The constitutional oath is not considered a deterrent to members of Parliament
- The current session exposed the lack of constitutional texts
- The procedures and mechanisms for amending the constitution need to be amended
The green light is looming on the horizon to proceed with the selection of the President of the Republic and the formation of the government
The signs of resolving the crisis seemed quite clear after all political parties reached the conviction that going towards change and holding early elections cannot be achieved without forming the new government, which prompted Al-Halbousi and Barzani to stress the importance of its formation and resolving matters in order to end the political crisis current.
The representative of the State of Law coalition, Aref Al-Hamami, told Al-Maalouma, “The tweet that Al-Sadr launched and in which he demanded his former allies to withdraw from the political process put the Sunnis and Kurds on the line, and therefore they have two options: either to proceed with the formation of the government or to go towards dissolving Parliament.”
In an indirect response, a member of the Kurdistan Democratic Party's political bureau, Jaafar Eminki, confirmed that the Union and the Democratic Party will have a joint candidate for the presidency, especially since there are understandings between the two sides in order to proceed with the political process.
In confirmation of what was mentioned, the Kurds’ disengagement from obeying the Triple Alliance has become clear. Kurdistan Democratic Party member Repin Salam told Al-Maalouma, “Dissolving Parliament is a difficult issue, especially since the Kurds have complex files in Baghdad such as oil and the budget, which is what they should be present in the capital from. For the interests of the region,” this comes at a time when the Sadrist movement stressed the need to dissolve parliament and hold early elections in the same government and commission, while maintaining the election law.
Al-Sadr's response will not be delayed.".. Erbil's meeting in the" ?line of Sadr or his minister.. What do the latter two think
A source close to the Sadrist movement expected, today, Monday, the issuance of a position from the leader of the movement, Muqtada al-Sadr, or his "minister", regarding the results of the Erbil meeting, in the coming .hours The source told (Baghdad Today), "The Barzani and Al-Halbousi alliances are part of a political alliance that brings them together with the Sadrist movement within the National Salvation bloc," stressing that "the Erbil meeting yesterday came out with multiple points that indicate their position regarding the political crisis in the country ".and ways to solve it from the face of it." their view
He added, "The leader of the Sadrist movement or his minister may issue a response or a position regarding the results of the Erbil meeting in order to clarify the scene in front of the Iraqi public opinion, especially with the presence of parties trying to mix papers and push things in certain directions," noting that "the movement was and is ".still clear in his positions He pointed out that "Al-Sadr's response will not be delayed, but in the end it will show his vision for the Iraqi people, especially as he presented a road map specific with points in order to save the country from the hands of the corrupt and those ".with the quotas agenda
The Sadrist movement's partners in the "triple alliance / saving a homeland", according to what observers believe, abandoned the demand of the movement's leader Muqtada al-Sadr, who called for the dissolution of the House of Representatives, stressing the importance of resuming the work of Parliament, forming a new government with "full powers", and .preparing for a procedure Early elections
This came during a meeting that brought together the leaders of the "Sovereignty" coalition, Muhammad al-Halbousi and Khamis al-Khanjar, with the leader of the Kurdistan Democratic Party, Massoud Barzani, at the latter's residence in the city of .Erbil, in the Kurdistan region A statement by Barzani's office, received by (Baghdad today), stated that the meeting included a review of "the political situation in Iraq and its negative repercussions on the country, and the need to adopt the language of constructive dialogue to overcome differences and reach solutions in the interest of the Iraqi people, and to follow constitutional and legal methods to overcome the repercussions . ".of the current stage
The meeting also stressed the need to "hold early elections after preparing the legal requirements and requirements in accordance with the constitutional mechanisms, preceded by the formation of a government that enjoys full authority and enjoys the confidence and reassurance of everyone with an agreed government program with an emphasis on the need for the House of Representatives to continue its work until ".the election date The assembled parties, representing al-Sadr's allies, expressed their readiness to "constructively contribute to the convergence of views between all parties and their readiness to take any step that serves the national interest, contributes to societal peace and preserves the security and interests of citizens," stressing "continued communication and joint coordination and the adoption of common positions that ."serve national interests." Supreme
A statement by the Iraqi parliament circulated yesterday also stated that Al-Halbousi arrived in Erbil, accompanied by Khamis Al-Khanjar, head of the Sovereignty Alliance, .and they held a meeting with Barzani According to the statement, the two sides reviewed "the political situation in Iraq, its negative repercussions on the country, and the need to adopt the language of constructive dialogue to overcome differences and reach solutions that are in the interest of the Iraqi people, and to follow constitutional and legal methods to ".overcome the repercussions of the current stage
The two parties stressed the importance of holding early elections after preparing the legal requirements and their requirements in accordance with the constitutional mechanisms, preceded by the formation of a government that enjoys full authority and enjoys the confidence and reassurance of all with an agreed government program, emphasizing the need for the House of Representatives to continue its .work until the election date And they expressed, "their readiness to contribute constructively to the convergence of views between all parties, and their readiness to adopt any step that serves the national interest, contributes to societal peace, and preserves the security and ".interests of citizens
The statement stated that both the Sovereignty Alliance and the Kurdistan Democratic Party stressed "the continuation of communication and joint coordination ".and the adoption of common positions that serve the higher national interests Parliament convenes In parallel, the "PUK" parliamentary bloc, which is aligned with the Shiite "coordinating framework", suggested yesterday that a parliamentary session would be held and that the procedures for forming the government would be completed, ? .after the "Forty" visit
A member of the bloc, Karwan Ali Yaroes, said in an interview I followed (Baghdad Today), that "the next steps for the political process are related to the movements of the Sadrist movement, and there are attempts to hold a parliament session and complete the formation of the government in accordance with the constitutional .frameworks," according to the official newspaper He stated that "the Patriotic Union of Kurdistan supports the national consensus for solutions," and at the same time, it is likely that "a session of Parliament will be held ? ".after the fortieth visit According to him, his party "will stand with any proposal to resolve the political crisis," explaining that "the problem does not lie in resolving the presidential ? ".candidate And he indicated, "Everyone is currently working on a political calm to agree on a next step to complete the constitutional procedures, elect the President of the ? ".Republic, and assign the candidate of the largest bloc as prime minister
He reiterated that "the candidate of the National Union is Barham Salih, and that meetings are continuing between the Union and the Democratic Party to resolve the issue," attributing the delay in constitutional elections to "the dispute between the ? ".coordination framework and the Sadrist movement While the "Union" relies on its allies in the "coordination framework" and the "Azm" alliance to pass its candidate for the presidential post, its rival, the "Kurdistan Democratic Party", led by Massoud Barzani, is trying to reach a compromise represented by the agreement of the two Kurdish parties on a "settlement ".candidate A member of the Democratic Party's political bureau, and the official advisor to the Presidency of the Kurdistan Region of Iraq, Jaafar Eminki, talked about reaching an understanding with the "Union" to put forward a joint candidate between them for .the post of President of the Republic
He said, in press statements, which were followed by (Baghdad Today), that "there was a misunderstanding between the Patriotic Union of Kurdistan and the Kurdistan Democratic Party before, but now the leadership of both sides believes that Iraq's ".situation is not at a level that can bear the differences between the two sides He stressed the existence of "a good understanding between the Patriotic Union of Kurdistan and the Kurdistan Democratic Party of the situation in Iraq, and this time ".we will have a joint candidate for the post of president
An expert monitors negative indicators in Iraqi financial accounts
Economics professor Nabil Al-Marsoumi confirmed, on Monday, that the white paper failed to warp and correct the course of the Iraqi economy, attributing this to several reasons.
Al-Marsoumi added, in a clarification followed by "Nass" (September 12, 2022), that there are "negative indicators in the financial accounts, according to the state's accounts until July 2022 published on the website of the Ministry of Finance."
The decree's explanation was as follows:
Ratio of oil revenues to public revenues = 96%
Ratio of non-oil revenues to public revenues = 4%
The ratio of actual investment spending to public expenditures = 7.6%
The ratio of the actual investment agreement for agriculture and industry together to the investment expenditures = 7.6%
The ratio of salaries and social care to current expenditures = 71.6%.
He pointed out that "these indicators give an initial impression that the white paper was unable to correct the distortion and correct the course of the Iraqi economy because of its high social cost and the lack of transparency and the supportive social and political environment.
Minister: Legislation of the oil and gas law is the only way to resolve differences between Erbil and Baghdad
The Minister of Planning in the Kurdistan Regional Government, Dara Rashid, considered, on Monday, that the legislation of the oil and gas law in Iraq is capable of resolving differences and outstanding issues between Erbil and Baghdad.
Rashid said, in a statement he made to reporters today from Erbil, that dialogues are continuing to resolve differences between the regional government and the federal government, but due to the current political problems in the capital, Baghdad, it has led to a slowdown.
He added, "We hope that with the formation of the new federal government, dialogues between the two sides will resume, and that those differences between Erbil and Baghdad will be addressed in accordance with the constitution."
Rashid also indicated that the legislation of the oil and gas law in Iraq is the only way to resolve these differences with full adherence to the constitution, and we hope to legislate this law to find a radical solution to this file.
With regard to the general population census process in Iraq, the Kurdistan Minister said that the Federal Minister of Planning has taken a decision regarding this matter, and we are fully convinced that conducting the census in Iraq is very important with our observations and reservations on some details in this regard.
Political Adviser: Al-Sadr is alone after the collapse of the Triple Alliance
The Iraqi Advisory Council confirmed that the final nail had been hammered into the throne of the "triple alliance", and Sadr was alone in the arena.
Parliament Speaker Farhad Alaeddin said, "The tripartite alliance has officially ended, and this is the last nail in its coffin." The two parties also stressed the importance of holding early elections after preparing the legal requirements, preceded by the formation of a government with full authority, with an emphasis on the need for the House of Representatives to continue its work until the elections date.
"Al-Sadr is now alone in the arena," he added.
Oil prices drop amid China's restrictions
Oil prices fell on Monday, with expectations of global fuel demand being overshadowed by COVID-19 restrictions in China and the possibility of more interest rate increases in the United States and Europe.
Brent crude futures fell $1.28, or 1.4 percent, to $91.56 a barrel by 03:30 GMT, after settling up 4.1 percent on Friday.
US West Texas Intermediate crude fell $1.34 to $85.45 a barrel, or 1.5 percent, after rising 3.9 percent in the previous session.
Prices changed little last week as gains from a symbolic supply cut by the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, a group known as OPEC+, were offset by an ongoing shutdown in China, the world's largest importer of crude.
Chinese demand for oil may contract for the first time in two decades this year, as Beijing's COVID-free policy keeps people indoors during the holidays and reduces fuel consumption.
Meanwhile, the European Central Bank and Federal Reserve are prepared to raise interest rates further to tackle inflation, which could raise the value of the US dollar against currencies and make dollar-denominated oil more expensive for investors.
However, global oil prices may rebound by the end of the year - supply is expected to shrink further when the European Union's embargo on Russian oil takes effect on December 5th.
Al-Hilali: The picture has become clear to everyone to end the crisis, form the government and approve the budget
A member of the Al-Fateh Alliance, Ayed Al-Hilali, confirmed that everyone identified the locations of the imbalance in the political center and the ways out of the current crisis, pointing out that the country's situation requires everyone to reduce tension and go towards forming the government and approving the budget.
Al-Hilali told Al-Maalouma, "The current situation requires everyone to go to form the government in order to approve the budget and take advantage of the financial abundance in the country achieved by oil sales and go towards budget legislation."
He added, "The picture has become clear to everyone, especially since there have been criticisms leveled at Al-Halbousi in the past days after standing on the hill and not taking a step towards the coordination framework, and therefore today there are initiatives, one of which was put forward by Barzani in the past days in order to resolve the current situation."
Al-Hilali pointed out that "the country's situation requires everyone to reduce tension, avoid tension, and find a specific formula for a solution to overcome the political deficit after it affected all parties in the political process."
After Erbil, political geography is heading towards Hananah with 3 leaders and 3 files
Informed political sources revealed, today, Monday, an upcoming visit by the President of the Kurdistan Region, Nechirvan Barzani, the head of the Al-Fateh Alliance, Hadi Al-Amiri, and the Speaker of Parliament, Muhammad Al-Halbousi, to Al-Hanana, with the aim of meeting with the .leader of the Sadrist movement, Muqtada Al-Sadr
The sources told (Baghdad Today), that "after the end of the fortieth visit ceremony, there will be an expected visit of Barzani, Al-Amiri and Al-Halbousi to Al-Hanana to meet with Al-Sadr," noting that "the visit is in order to agree on 3 files that are the form of the new government, as well as the steps to dissolve Parliament and go to .Early elections
She indicated that "the political forces do not want to bypass the leader of the Sadrist movement, Muqtada al-Sadr, with the issue of forming the new government, so as not to provoke al-Sadr's supporters, who may storm the Green Zone again to ".prevent the formation of any new government Before the recent storming of the Presidency of the Republic and the government palace by supporters of the leader of the Sadrist movement, the Kurdistan Democratic Party had decided to send the president of the region, Nechirvan Barzani to Baghdad and Najaf in order to put forward a new initiative for its leader, Massoud Barzani, containing solutions to the .political crisis
But the Kurdistan Democratic Party waited to send Barzani to Baghdad and Najaf after the escalation of the events of the Green Zone, while referring in statements and statements to the need for calm and finding solutions through the national dialogue table
In the context of this, it was previously hoped that the head of the Al-Fateh Alliance Hadi Al-Amiri would visit Al-Hanana to meet Al-Sadr as well, but this did not happen .for reasons that are still hidden and have not been announced
Al-Maliki's coalition announces the formation of a tripartite committee to visit Al-Hanan
The State of Law coalition revealed, on Sunday, the formation of a tripartite committee consisting of the Coordination Framework, the Alliance of Sovereignty and the Kurdistan Democratic Party to visit the leader of the Sadrist movement Muqtada al-Sadr at his residence in Hananah in Najaf Governorate.
Member of the State of Law, Wael Al-Rikabi, said in an interview carried by a reporter (Iraqi Media News Agency / INA), that the head of the Al-Fateh Alliance Hadi Al-Amiri will represent the coordinating framework in this committee, which will meet with Al-Sadr to discuss the file of forming the government, indicating that the government will include all political spectra and will not be limited to The parties formed by the House of Representatives.
He added, "It was stressed that the formation of the government should be purely for the national space."
New details regarding the tripartite committee's visit to Al-Hanana
On Monday, the representative of the Al-Fateh Alliance, Salem Al-Anbaki, confirmed that the Sadrist movement's resigned deputies cannot return to Parliament again.
Al-Anbaki said in an interview carried by the correspondent of (Iraqi Media News Agency / INA) that "Mr. Al-Sadr rejected the return of the Sadrist movement's deputies to Parliament categorically, and the content of the visit will be to reach understandings and reassure the Sadrist movement."
He added, "The committee's visit will be to bless Mr. Al-Sadr with the formation of the government and to reassure the current about holding elections or amending the electoral law," adding that "everything is subject to discussion if that meeting takes place."
The State of Law coalition had revealed the formation of a tripartite committee consisting of the coordination framework, the Alliance of Sovereignty and the Kurdistan Democratic Party to visit the leader of the Sadrist movement Muqtada al-Sadr at his residence in Hananah in Najaf governorate, indicating that the head of the Fatah Alliance Hadi al-Amiri will represent the framework in the committee.
A major diplomatic meeting at the US Embassy in Baghdad...and revealed its goals
US Ambassador Alina Romanovsky said in a tweet on Twitter: "In our embassy today to help increase trade and investment in Iraq."
"We support economic reform and a strong private sector that creates more job opportunities for the Iraqi people, more investment opportunities, and a prosperous Iraq," he added
?Has Iraq set foot on the road to combating money laundering
The Anti-Money Laundering and Terrorist Financing Council of the Central Bank of Iraq confirmed that the country has taken a series of corrective measures for the system, noting that government measures contributed to .Baghdad's exit from the European Union's list of high-risk countries Economic researchers indicated in statements that the financial institutions and regulatory authorities in Iraq are committed to applying and implementing antimoney laundering and terrorist financing policies and procedures and understanding the risks arising from those operations under Law No. 39 of 2015. They said that as a result of these policies and procedures, Iraq has become outside the gray list of money laundering affiliated with it. The International Financial Action Task Force (FATF).
They added that "the crime of money laundering poses threats and risks to ".national and global economic security The Council stated in a statement that "Iraq announced its readiness to start the mutual evaluation process that is being held by the Financial Action Task Force for the Middle East and North Africa, as the date for conducting the field visit of experts was set within the timetable prepared by the group during the month of August (August) 2023." , adding that "a meeting was held with a high-level representation of all stakeholders in the anti-money laundering and terrorist financing system headed by the Governor of the Central Bank, in addition to the support of the Prime Minister and the President of the Iraqi Judicial Council for this important file with the Chairman of the Financial Action Group for the Middle East and North Africa" Minafatif) Jawhar Al-Nafisi, as well as the group’s executive secretary, Silman Al- .Jabreen, to show the extent of Iraq’s commitment in this aspect
The statement pointed out that "those procedures began with the issuance of the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015, which is one of the latest laws in the region and in compliance with international standards, in ".addition to the issuance of many relevant regulations, instructions and guidelines He explained that "Iraq submitted to the general meetings of the ninth group reports during the period between 2013-2018, which included the intensive procedures and efforts that were made in order to meet the shortcomings that were diagnosed towards the system."
He noted that "those efforts culminated in Iraq's official exit from the status of enhanced follow-up to the usual follow-up or the so-called ".)(updating every two years The statement pointed out that "during the years from 2019-2020, the necessary measures were taken to prove Iraq's commitment to the 40 recommendations issued by the FATF, which culminated during the beginning of 2022 with Iraq's exit from the ".European Union's list of high-risk countries Iraqi commitment For his part, economic researcher Bassam
Raad supported what was stated in the statement of the Anti-Money Laundering and Terrorist Financing Council. He said that as a result of these policies and procedures, Iraq has been removed from the money .)laundering gray list of the International Financial Action Task Force (FATF Raad told "The Independent Arabia" that the supervisory authorities, the Central Bank of Iraq and the Office for Combating Money Laundering and Terrorism Financing have developed effective policies and procedures through which they were able to effectively mitigate money laundering risks, as well as fulfill all obligations towards the recommendations of the Financial Action Task Force (FATF), which contributed to that Baghdad is on the white list of countries in the application of international standards for combating money laundering and the country's exit from .the European Union's list of high-risk countries
He added that "money laundering operations have a devastating impact on the economy and society, as they do not aim to bring about real economic or social development. Rather, all they aim at is to legitimize funds derived from criminal ".activities to prevent their confiscation
Threats and dangers
In turn, Professor of International Economics Nawar said that "the crime of money laundering poses threats and risks to national and global economic security in terms of the expansion of crime, administrative, financial and political corruption, the deterioration of the value of the national currency, the expansion of the hidden economic sector activity, the reluctance of foreign investments and the inability to attract them, the bankruptcy and collapse of banks and the misdistribution of Income, unfair tax distribution, worsening unemployment rates, and weak economic .growth and national income
Al-Saadi confirmed to “The Independent Arabia” that the impact of the money laundering crime on the national income rate is that “the money smuggled to foreign banks abroad is deductions from the national income of the country in which these funds were made, because the illegal money goes out of the country that its owners are on Its land deprives this state of the positive returns that would be obtained if ”.these funds were to be operated within the state
He explained that "the money laundering process is one of the most prominent and most serious crimes and the biggest real challenges for Iraqi and international financial and banking institutions and government bodies. It is also a criminal activity in which the tendencies of authoritarian politicians, holders of state funds and decision makers converge. Administrators have legalized proceeds of crime or dirty ”.money so that they can be used easily and easily
He pointed out that Iraq needs to complete the procedures and reach to identify each of the weaknesses and threats at the various legislative and operational levels, and not only this, but a corrective action plan and prioritization must be formulated in line with the results of the evaluation and updating the national strategy to .combat money laundering and terrorist financing in light of those results
Central Bank Governor: We seek to develop banking relations with European Union countries
The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikheib, met today, Monday, the European Union Ambassador to Iraq Villa Variola.
A statement issued by the Central Bank stated that during the meeting, which was attended by the Director General of the Center for Banking Studies at the Central Bank of Iraq, bilateral economic and banking relations were discussed, especially in the field of training.
The governor affirmed the existence of "good" relations with the European Union countries, and said, "We seek to develop them."
He also referred to the growing reserves of the Central Bank of Iraq of gold and foreign currencies during the last two years, and their positive impact on achieving financial stability in Iraq.
The governor expressed his desire to enhance cooperation in the field of training for workers in the Iraqi banking sector, and to benefit from the expertise in European banking institutions.
For his part, the Ambassador of the European Union praised the efforts of the Central Bank to remove Iraq from the European list of high-risk countries, expressing his desire to strengthen Iraqi-European relations in the economic fields.
The ambassador pointed to the desire of a number of large European banks to finance investment projects, especially in the field of renewable energy, given the opportunities that Iraq possesses in this aspect.
Sudden closure of the main entrance to the green zone
A security source said on Monday that the entrance to the Green Zone was closed from the side of Baghdad International Airport, without knowing the reasons yet.
The source told Shafak News Agency, that the security authorities allowed the fortified area to pass exclusively to those who have a special pass - a transit bag - and closed the entrance to the rest.
Central Bank: Iraq's reserves of gold and currencies have grown over the past two years
The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikheib, met today, Monday, the European Union Ambassador to Iraq Villa Variola.
A statement issued by the Central Bank stated that during the meeting, which was attended by the Director General of the Center for Banking Studies at the Central Bank of Iraq, bilateral economic and banking relations were discussed, especially in the field of training.
The governor affirmed the existence of "good" relations with the European Union countries, and said, "We seek to develop them."
He also referred to the growing reserves of the Central Bank of Iraq of gold and foreign currencies during the last two years, and their positive impact on achieving financial stability in Iraq.
The governor expressed his desire to enhance cooperation in the field of training for workers in the Iraqi banking sector, and to benefit from the expertise in European banking institutions.
For his part, the Ambassador of the European Union praised the efforts of the Central Bank to remove Iraq from the European list of high-risk countries, expressing his desire to strengthen Iraqi-European relations in the economic fields.
The ambassador pointed to the desire of a number of large European banks to finance investment projects, especially in the field of renewable energy, given the opportunities that Iraq possesses in this aspect.
The Governor of the Central Bank discusses with the European Union the file of the Iraqi economy
The Governor of the Central Bank of Iraq, Mustafa Mikheif, received today, Monday, the Ambassador of the European Union to Iraq, Villa Variola.
According to a statement to the bank’s media, “during the meeting, which was attended by the Director General of the Center for Banking Studies at the Central Bank of Iraq, bilateral economic and banking relations were discussed, especially in the field of training.”
The governor welcomed the ambassador, stressing that “there are good relations with the countries of the European Union, and we seek to develop them.”
He pointed to the growing reserves of the Central Bank of Iraq of gold and foreign currencies during the last two years, and their positive impact on achieving financial stability in Iraq.
The governor presented his "desire to enhance cooperation in the field of training for workers in the Iraqi banking sector, and to benefit from the expertise in European banking institutions."
For his part, the Ambassador of the European Union praised “the efforts of the Central Bank to remove Iraq from the European list of high-risk countries,” noting “his desire to strengthen Iraqi-European relations in the economic fields.”
The ambassador pointed to the desire of a number of large European banks to finance investment projects, especially in the field of renewable energy, given the opportunities that Iraq possesses in this aspect. .
It is noteworthy that the Center for Banking Studies at the Central Bank of Iraq annually holds dozens of training courses for government and private bank employees to develop the capabilities of their employees, according to the statement.
What is the truth about the intention of the coordination framework to withdraw the nomination of "Al-Sudani" from the premiership?
A leader in the coordination framework, which brings together the Shiite forces with the exception of the Sadrist movement, revealed on Monday the fact that the framework forces intend to withdraw the nomination of Muhammad Shi`a Al-Sudani for prime minister in the coming days.
The source, who asked not to be named, told Shafak News Agency, "The news that talks about the coordination framework's intention to change its candidate for prime minister, Muhammad Shiaa Al-Sudani, is incorrect, and this issue was not discussed or raised by the framework at all."
And he indicated that "the coordinating framework is still adherent until this hour to its candidate for prime minister, Muhammad Shia'a Al-Sudani, and the issue of changing the candidate is supported by political parties that want to confuse the situation, and influence the decisions of the framework forces in this regard."
The announcement of the coordination framework for the nomination of Muhammad Shia al-Sudani for prime minister, angered the Sadrist movement and its leader Muqtada al-Sadr, who categorically rejects the nomination of any person from the framework to head the government. It was open and lasted for a month before breaking it up and heading to storm the presidential palace at the end of last August. Against this background, the security forces forcibly broke up the storming and armed clashes broke out between them and the armed wing of the Sadrist movement, Saraya al-Salam, which left dozens of victims and hundreds wounded on both sides.
Central Bank Governor: The value of the dinar is stable, and we are in the process of raising Iraq from the high-risk countries
The Governor of the Central Bank, Mustafa Ghaleb Makheef, confirmed, on Monday, that the bank is in the process of raising Iraq from the “high-risk” countries according to the European Union classification, pointing to maintaining the stability of the value of the dinar “significantly.”
In an interview with the Journal of the Center for Banking Studies, he said, "The Central Bank has significantly contributed to maintaining the stability of the value of the dinar, bearing, for this purpose, the costs of imbalance in the cash flow of the general budget."
He added, "We seek to work on activating indirect monetary policy tools, as well as adopting a policy of quantitative easing through the initiatives of the Central Bank, which amounted to about 18 trillion dinars."
He went on to say, "We are in the process of removing Iraq from the high-risk countries according to the European Union's classification."
He continued, "Work is currently underway with a number of sober international banks to create the necessary ground for banking cooperation with Iraqi banks that have outstanding performance and have a credit rating from accredited rating agencies.
Oil Minister: Iraq issues its full quota within the “OPEC +” agreement
The Minister of Oil affirmed Iraq's commitment to export its quota determined in accordance with the agreement and the parameters of "OPEC" in full, and to work with the members of the organization and allied with it from outside "OPEC" to achieve balance in global markets.
The Minister of Oil, Ihsan Abdul-Jabbar Ismail, said while presiding over the monthly pricing meeting for crude oil, that "Iraq aims to increase its production and export capabilities in the coming years, by promoting investments in the oil and energy sector," pointing to the importance of investments in sustaining and strengthening Iraq's position among the producing countries. and maintain its influential position in the energy market.
The Minister of Oil stressed Iraq's commitment to support global investments in the oil and energy sector, and to fulfill its financial and contractual obligations, and that the ministry is intensifying its efforts to expand the volume of global investments in free and associated gas, and that the ministry's plans aim to achieve this in cooperation with reputable international companies.
It is noteworthy that the Iraqi oil pricing meeting is held monthly under the chairmanship of the Minister of Oil and in the presence of the undersecretaries of the ministry, the Director General of the Oil Marketing Company “SOMO”, and the directors of each of the Financial Supervision, the Economic Department, the Studies Department, the Technical Department, Contracts and Licensing, and the concerned bodies and departments in the Oil Marketing Company.
Parliamentary Finance confirms that it does not object to transferring contracts and procedures within the emergency support law
link I bet this is exactly the corruption that was warned
Parliamentary Finance confirms that it does not object to transferring contracts and procedures within the emergency support law
Parliamentary Finance Committee: The emergency support law ends at the end of the current year
Kurdish politician: Barzani will not sacrifice his interests for his alliance with al-Sadr
Kurdish politician Ahmed Al-Bayati confirmed, on Monday, that the head of the Kurdistan Democratic Party, Massoud Barzani, will not sacrifice his interests for the sake of his alliance with the Sadrist movement.
Al-Bayati said in an interview with Al-Information, that "the meeting in Erbil yesterday between the head of the Kurdistan Democratic Party, Masoud Barzani and the leaders of the Sovereignty Alliance, including Al-Halbousi, revealed important variables, most notably that Barzani and Al-Halbousi are not with the compass of the Sadrist movement and his demands to dissolve Parliament, which means the start of intersections that will lead to disintegration." The Triple Alliance, referring to the Alliance to Save a Nation.
He added, "Barzani will not sacrifice his interests for the sake of his alliance with al-Sadr, especially since the dissolution of parliament is considered by the Kurds to be a risk, especially for the Kurdistan Democratic Party, which sees that the environment is not conducive to early elections in light of stifling crises in the region and the drop in its popularity significantly."
Al-Bayati pointed out that "the Erbil meeting put points on the letters in terms of determining the points to end the crisis through the re-sessions of the House of Representatives and the formation of a government with full powers, which is the same as what the coordination framework has demanded for months."
Canada is looking to invest in Karbala
The Canadian Ambassador to Iraq Gregory Galligan discussed with the Governor of Karbala Nassif Al-Khattabi the economic, cultural and educational investment.
Al-Khattabi said in a statement to (The Independent) after his meeting with the Canadian ambassador, "During the meeting, we discussed bilateral relations at various levels and through the federal government, and the importance of developing them in the investment, economic, cultural and educational fields."
He added, "We affirmed the governorate's interest in developing bilateral relations and joint cooperation between the two sides, in a way that enhances mutual interests between the two friendly peoples."
A leader of the Sadrist movement responds to al-Maliki's tweet: It's like redundant letters
The leader of the Sadrist movement, Sabah al-Saadi, on Monday, disdained the tweet published by the leader of the State of Law coalition, Nuri al-Maliki, about proceeding with the formation of the next federal government.
Al-Saadi, in a tweet on the social networking sites "Twitter", praised the tweets launched by the leader of the Sadrist movement, Muqtada al-Sadr, saying that "there are some tweets that fall and change governments that make the strongest surprises."
He added that "words that shake the thrones of tyrants are awaited by countries and organizations that are subject to a microscope of studies."
Al-Saadi also alluded to al-Maliki's tweet, and said that "there are some tweets as if they were part of the leaks written by the mentality of conspiracies," adding, "It is forbidden to say words to her, as they are like extra letters."
Al-Maliki said in a tweet he published, yesterday evening, Sunday, that there is no need yet to talk about the dissolution of Parliament.
Al-Maliki wrote, in a tweet to him on Twitter, that "the judiciary ruled that parliament cannot be dissolved, and this means that there are no early elections until after the parliament resumes to hold its sessions and form a new government with full powers."
He added that "the political forces expressed their supportive stance for the judiciary's decision, and announced their rejection of the dissolution of Parliament and the proposed early elections, and this means that there is no need yet to talk about this constitutionally and politically settled issue."
Al-Maliki called for "devote speech, efforts and proposals on how to activate parliament, and how to expedite the formation of a coalition government to achieve the best services and political and security stability."
This comes in the wake of the Federal Supreme Court’s announcement, rejecting the case for dissolving the Iraqi Council of Representatives, because the matter is not within its jurisdiction, but rather within the jurisdiction of the Council of Representatives itself or the presidents of the republic and government.
The Kurdistan Democratic Party and the Sovereignty Alliance, the two poles of "Save the Homeland", which included the Sadrist bloc, stressed earlier today the importance of "holding early elections after preparing the legal requirements and their requirements in accordance with the constitutional mechanisms, preceded by the formation of a government that enjoys full authority and enjoys the confidence and reassurance of all." An agreed government program, emphasizing the need for the House of Representatives to continue its work until the election date.
The so-called "Minister Leader" Saleh Muhammad al-Iraqi, who is close to the leader of the Sadrist movement, Muqtada al-Sadr, had said earlier today, in a post on social media, "We are aware of the many pressures on our allies, but sacrifice in order to end the suffering of an entire people is also a matter." Mahmoud and required, as the people, not the current, are the ones who refuse to rotate faces and re-manufacture a corrupt government again,” noting that “the ball is in the allies’ court, not in the court of the Sadrist bloc.
Elekte: The president's post is coming soon
Today, Tuesday, the representative of the Patriotic Union of Kurdistan, Gharib Ahmed, confirmed that there is a rapprochement between the two Kurdish parties in order to resolve a compromise candidate for the post of President of the Republic.
Ahmed said in an interview with "The Information", "The Patriotic Union of Kurdistan is negotiating with the Democratic Party in order to keep the current President of the Republic, Barham Salih, for the position of President of the Republic in the new government."
He added, "The atmosphere is positive so far in the meetings and negotiations that are being held in order to end the political blockage in preparation for the formation of the next government."
He continued, "The two parties do not want to go to the House of Representatives with candidates, and the decision will be within the Kurdish House and will not be in Parliament."
Since 2006 until today, all those who have been entrusted with the presidency are Kurds, and belong to the "PUK" party founded by the late Iraqi President Jalal Talabani.
For two reasons.. Specialized: The white paper failed to correct the distortions of the Iraqi economy
Professor of Economics, Nabil Al-Marsoumi confirmed today, Monday, that the white paper failed to warp and correct the course of the Iraqi economy, attributing this to several reasons.
Al-Marsoumi added, in a clarification followed by Earth News, that there are "negative indicators in the financial accounts, according to the state's accounts until July 2022 published on the website of the Ministry of Finance."
The decree's explanation was as follows:
Ratio of oil revenues to public revenues = 96%
Ratio of non-oil revenues to public revenues = 4%
The ratio of actual investment spending to public expenditures = 7.6%
The ratio of the actual investment agreement for agriculture and industry together to the investment expenditures = 7.6%
The ratio of salaries and social care to current expenditures = 71.6%.
He pointed out that "these indicators give an initial impression that the white paper was unable to correct the distortion and correct the course of the Iraqi economy because of its high social cost and the lack of transparency and the supportive social and political environment.
Al-Kazemi and the Spanish ambassador affirm the strengthening of bilateral cooperation in the field of combating terrorism
His media office stated in a statement received by {Euphrates News} that "during the meeting, they discussed bilateral relations between the two countries, and ways to enhance joint cooperation in various fields, especially in the economy, energy and investment.
The meeting stressed the importance of strengthening bilateral cooperation in the field of combating terrorism and within the framework of constructive cooperation with NATO in the field of advice and training, in a way that enhances the capabilities of the Iraqi security and military forces
Shafak News and "BBC" sign a partnership contract, the first of its kind in Iraq
Shafak News Agency and the prestigious British "BBC News Arabic" network signed a partnership agreement, the first of its kind for a media-journalistic organization, in Iraq.
The prestigious British network "BBC" chose Shafak News Agency to complete the partnership, among the rest of the media and press throughout Iraq, which enhances the agency's leadership, which has become a major source for local, Arab and international media.
Under the agreement, Shafak News Agency publishes, on its website, text and audio content of "BBC News Arabic" on various topics, and in return, Shafak News Agency allows the British network to access the agency's content, while ensuring intellectual property rights, between the two means.
Coordination framework: the movement to form a government will start after September 20
The leader in the coordination framework, Turki Al-Atabi, confirmed, on Monday, that the movement to form the government will start after the 20th of next May.
Al-Otbi said in an interview with Al-Maalouma that "accelerating the formation of a government with full powers is a national necessity to end the complications of the current stage in light of the accumulated mistakes of the caretaker government, which calls for concerted efforts between all political forces in order to push things forward."
He added, "The movement to form the next government will actually start after next May 20, and there will be a series of intensive meetings between the framework and the rest of the political forces in order to return the parliament sessions to their normal status, especially since there are 2-30 important laws that must be read and voted on, most notably the general budget."
He pointed out that "there is an important political consensus regarding the stages of resolving the political crisis in the country, the first steps of which begin with the re-sessions of the House of Representatives and the formation of the government."
And the coordination framework sessions were temporarily suspended with the start of the Arbaeen visit and the influx of millions to visit the holy shrines
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The exchange rates of the dollar on the local stock exchange for Monday, September 12, 2022, according to the monitoring of specialists.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1429.9000 |  1489.6000 | 1459.6000 | 1459.3000 | 1459.6000 | 1.5000 | 13:59 |
| USD/VND | 23520.0000 | 23530.0000 | 23539.2200 | 23527.5700 | 23539.2200 | -13.5200 | 04:47 |
| USD/CNY | 6.9250 | 6.9280 | 6.9258 | 6.9256 | 6.9258 | -0.0002 | 00:45 |
| USD/KWD |  0.3078 | 0.3088 | 0.3080 | 0.3079 | 0.3080 | -0.0001 | 05:09 |
| GBP/USD | 1.1671 | 1.1671 | 1.1700 | 1.1600 | 1.1647 | 0.0084 | 05:14 |
| USD/IRR | 42100.0000 | 42700.0000 | 42332.1000 | 42315.5000 | 42332.1000 | 37.0000 | 13:38 |
| USD/IDR | 14879.0000 | 14880.0000 | 14888.0000 | 14807.0000 | 14825.0000 | 54.0000 | 05:14 |
Railroad strike could send grocery prices soaring...
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Oil prices drop amid China's restrictions
Oil prices fell on Monday, with expectations of global fuel demand being overshadowed by COVID-19 restrictions in China and the possibility of more interest rate increases in the United States and Europe.
Brent crude futures fell $1.28, or 1.4 percent, to $91.56 a barrel by 03:30 GMT, after settling up 4.1 percent on Friday.
US West Texas Intermediate crude fell $1.34 to $85.45 a barrel, or 1.5 percent, after rising 3.9 percent in the previous session.
Prices changed little last week as gains from a symbolic supply cut by the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, a group known as OPEC+, were offset by an ongoing shutdown in China, the world's largest importer of crude.
Chinese demand for oil may contract for the first time in two decades this year, as Beijing's COVID-free policy keeps people indoors during the holidays and reduces fuel consumption.
Meanwhile, the European Central Bank and Federal Reserve are prepared to raise interest rates further to tackle inflation, which could raise the value of the US dollar against currencies and make dollar-denominated oil more expensive for investors.
However, global oil prices may rebound by the end of the year - supply is expected to shrink further when the European Union's embargo on Russian oil takes effect on December 5th.
Al-Hilali: The picture has become clear to everyone to end the crisis, form the government and approve the budget
A member of the Al-Fateh Alliance, Ayed Al-Hilali, confirmed that everyone identified the locations of the imbalance in the political center and the ways out of the current crisis, pointing out that the country's situation requires everyone to reduce tension and go towards forming the government and approving the budget.
Al-Hilali told Al-Maalouma, "The current situation requires everyone to go to form the government in order to approve the budget and take advantage of the financial abundance in the country achieved by oil sales and go towards budget legislation."
He added, "The picture has become clear to everyone, especially since there have been criticisms leveled at Al-Halbousi in the past days after standing on the hill and not taking a step towards the coordination framework, and therefore today there are initiatives, one of which was put forward by Barzani in the past days in order to resolve the current situation."
Al-Hilali pointed out that "the country's situation requires everyone to reduce tension, avoid tension, and find a specific formula for a solution to overcome the political deficit after it affected all parties in the political process."
For two reasons.. Specialized: The white paper failed to correct the distortions of the Iraqi economy
Professor of Economics, Nabil Al-Marsoumi confirmed today, Monday, that the white paper failed to warp and correct the course of the Iraqi economy, attributing this to several reasons.
Al-Marsoumi added, in a clarification followed by Earth News, that there are "negative indicators in the financial accounts, according to the state's accounts until July 2022 published on the website of the Ministry of Finance."
The decree's explanation was as follows:
Ratio of oil revenues to public revenues = 96%
Ratio of non-oil revenues to public revenues = 4%
The ratio of actual investment spending to public expenditures = 7.6%
The ratio of the actual investment agreement for agriculture and industry together to the investment expenditures = 7.6%
The ratio of salaries and social care to current expenditures = 71.6%.
He pointed out that "these indicators give an initial impression that the white paper was unable to correct the distortion and correct the course of the Iraqi economy because of its high social cost and the lack of transparency and the supportive social and political environment.
CBI Update: Just a note:
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