Tuesday, October 18, 2022

WOTS MON OCT 17 22 Details of the Sudanese meeting with the American ambassador

 WOTS MON OCT 17 22 

Details of the Sudanese meeting with the American ambassador


Iraqi political groups demand changes some independents thoughts in English





Foreign Minister to the Russian Ambassador: Iraq is against wars and the policy of imposing an economic blockade

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Foreign Minister to the Russian Ambassador: Iraq is against wars and the policy of imposing an economic blockade

 

Foreign Minister Fuad Hussein received the Russian Ambassador to Iraq, Mr. Elbrus Kutrashev, and the two sides discussed bilateral relations between the two countries. 

The Minister stressed that Iraq has suffered a lot; Because of the scourge of wars, and accordingly, Iraq is in principle against wars and the policy of imposing an economic blockade because it targets peoples, and that the continuation of the war in Ukraine will lead to more crises in various fields, especially the crises of the security threat, energy and economy, including the state of inflation and the threat to food security, and a reflection This is in consumer societies and non-oil countries.

Noting that Iraq, through the Arab Contact Group, under the umbrella of the Arab League, called for a ceasefire between Russia and Ukraine, and for the start of negotiations to reach peace. 

For his part, the Russian ambassador congratulated the Minister on the occasion of the election of the President of the Republic and the assignment of the Prime Minister to form a new government that meets the aspirations of the Iraqi people for progress and prosperity.


Details of the Sudanese meeting with the American ambassador

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Details of the Sudanese meeting with the American ambassador

The Prime Minister-designate, Mr. Muhammad Shiaa Al-Sudani, received yesterday evening, Sunday, the US Ambassador to Iraq, Mrs. Alina Romanowski.

The meeting witnessed discussions on bilateral relations and common interests between the two countries and ways of developing them, and the importance of working to enhance security and stability in Iraq and the region during the next stage.

The meeting also witnessed Mr. Al-Sudani’s affirmation of Iraq’s desire to consolidate a strategic partnership relationship with the United States by strengthening work on the Strategic Framework Agreement in its various economic, educational, cultural and political aspects and issues of facing the effects of climate change, as well as security cooperation in the field of providing support and advice to empower the security forces Iraqi.

The Prime Minister-designate expressed the future government's keenness to continue dialogue at the national level inside and outside Parliament, and to strive to resolve internal contentious issues.

Al-Sudani stressed the importance of building distinguished and balanced international relations, in the interest of the Iraqi people, and building bridges of cooperation with brotherly and friendly peoples in the regional and international environments.

For her part, the US ambassador affirmed the US government's support for a secure, stable, prosperous and united federal and sovereign Iraq, and expressed her country's government's readiness to assist Iraq in combating corruption, and praised Mr. Al-Sudani's focus in achieving progress in this file. She also conveyed the US administration's desire to continue cooperating with Iraq to defeat ISIS remnants and combat terrorism, noting that Iraq represents an essential and strategic component in the region.  

Media Office of the Prime Minister-designate October 17, 2022



President of the Republic: I will announce to the Iraqis a practical program soon - urgent

lots of soon

He gave a speech when it is all together in one post I will post it 

President of the Republic: I will do my best to protect the constitution and solve existing problems

Speech of President Abdel Latif Rashid during the inauguration ceremony:

President of the Republic: The previous stage was difficult for everyone, and I hope a strong, stable and reconciled Iraq

President of the Republic: I thank the supreme religious authority

President of the Republic: I thank the representatives of the Iraqi people for giving me their confidence

The President of the Republic: We begin our work, we remember the wounded and martyrs of the armed forces of all kinds

President of the Republic: We hope to form a government as soon as possible

President of the Republic: I will do my best to protect the constitution and solve existing problems

President of the Republic: I seek to establish strong relations with neighboring countries and the international community

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The biggest deal for Iraq” .. (Baghdad today) publishes documents“ for the purchase of 30 tons of gold in international banks

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The First Deputy Chairman of the Parliamentary Integrity Committee, Alia Nassif, asked the Governor of the Central Bank, Mustafa Ghaleb Makheeb, .about the bank's purchase of 30 tons of gold According to the documents issued on August 29 last, obtained by (Baghdad Today), Nassif said, "We received information that the bank bought more than (30 ) tons of gold, which is the largest deal in the purchase of the Central Bank. Please answer the ".questions Nassif added in her question: “Who is the source of the sale, a government bank, a private mine, a property, and has the gold been examined in internationally recognized refineries, and who is the authority in charge of purchasing, and what is the purchase ."% ?price and is there a discount on the price of the stock exchange in force now

 

She also demanded, "By knowing whether the gold was transferred to the central bank's vaults or remained in the custody of the seller, we have great fears in light of the chaos that is ".happening in Iraq

 

 

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On the other hand, the central governor replied, according to the documents, that "the source of selling gold is the international stock exchanges, and all the gold purchased from the global markets are within the specifications (London Good Delivery) , and with ".the highest purity available in the market is 999.9

 

 

 

As for the entity in charge of purchasing, the governor replied that it is "the French ". Central Bank and JP-MORGAN Bank As for the purchase price, and is there a discount on the stock price in force now, the discount is 6%, Makheeb explained, “The process of buying gold from global markets is not done all at once in such quantities, as it is divided into small quantities and over multiple days to ensure that it does not affect the price of gold.” The price of gold, .despite this, a rise in the price occurs at or after the demand for purchase quantities The Governor of the Central Bank of Iraq indicated, “For this process, it included (19) batches and over a period of (13) working days according to the best prices,” noting that “all quantities of gold purchased in safes under the name of the Central Bank of Iraq in . the international central banks after Two or three working days after the purchase

 

In his answer to MP Alia Nassif’s questions, the governor indicated that “Iraq has advanced in gold reserves holdings 10 ranks globally, ahead of (9 countries, including 7 foreign countries and 2 Arab countries, as well as the Bank for International ".Settlements), so that Iraq ranks 30th after that. He was ranked 40

 

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Officially.. the new Iraqi President Abdul Latif Rashid takes office 

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Today, Monday, the new Iraqi President, Abdul Latif Rashid, assumed his duties during his inauguration ceremony at the Republican Palace in the capital, Baghdad.

In his speech, Rashid said that "the previous stage was difficult for everyone," stressing that "it is close to announcing his program to manage the next stage."

He added, "I am seeking to establish strong relations with neighboring countries and the international community," hoping "the formation of the new government quickly to meet the citizens' demands." He stressed that he is committed to protecting the constitution and the sovereignty of Iraq and solving internal problems.

Abdul Latif Jamal Rashid, born in Sulaymaniyah in northern Iraq, on August 10, 1944, is married and has 3 children: Asuz (40 years), Sarah (35 years), and Zakros (34 years).

Rashid speaks 3 languages which are Arabic, Kurdish and English.

Abdul Latif Jamal Rashid’s political history began in the sixties of the last century, when he joined the Kurdistan Democratic Party and became a member of it, then a leader in the Kurdish Student Association in Europe, and participated in meetings and meetings for the formation of the Patriotic Union of Kurdistan, which emerged from the Democratic Party, and joined it Abdel Latif after its formation.

He was chosen to be the PUK's delegate in Britain and its representative in a number of European countries. He had a prominent role in this party since its founding in 1975 under the leadership of the late Jalal Talabani.



A deputy shows the most important laws that will be among the priorities for voting

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Member of Parliament, Muhammad Abd Rabbo, clarified, on Monday, the most important laws that will be among the priorities for voting in the current session, indicating that the current session is considered one of the “embarrassing” sessions for the Iraqi people. 

In a statement to "Information", Abd Rabbo said, "The House of Representatives, in its current session, is facing a difficult test, especially after it was devastated by political crises that led to delaying the completion of constitutional entitlements," noting that "the parliamentary committees have discussed and prepared many laws, but the laws specific to be approved. 

He added that "one of the most important laws that the House of Representatives will vote on are the laws related to security and services, because any projects and investments that take place in the country must have a safe and protected environment with effective laws."

Abed Rabbo explained, "The other laws and the most important is the law to amend or approve a new law for the upcoming elections and according to the recommendation of the Federal Court, as well as making amendments to the law of parties."



Al-Sari demands the Central Bank for the amount of customs deposits..and calls for investigation

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The head of the National Parliamentary Forces Alliance bloc, Faleh Al-Sari, revealed, today, Monday, that the Central Bank of Iraq approached the amount of customs deposits.

Al-Sari said in a press conference held inside the parliament building, attended by the {Euphrates News} correspondent: “The tax and customs secretariats are included in different accounts and the need to open the investigation again and expand the audits to include customs secretariats that are no less important and the size of their amounts than the tax secretariats.”

He pointed out that "he approached the Central Bank of Iraq to give figures and tables of the size of the amounts collected in the accounts of the customs trusts."

Al-Sari called on the supervisory authorities, the public prosecution and the judiciary, to "take their real role in investigating the stolen money."

Al-Sari reveals an “ultimate intention” to burn the priorities of customs deposits

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The head of the National Parliamentary Alliance bloc, Faleh Al-Sari, revealed today, Monday, an intention to burn the priorities of the customs deposits.

Al-Sari said, in a press conference held inside the parliament building, attended by a {Euphrates News} correspondent: “The customs secretariats now have accumulated amounts of money since 2015, and I call for scrutiny and investigation of the size of the amounts stolen from 2015 to 2021.

” He added, “We have information and indications of a premeditated intention to burn and destroy.” Priorities related to the amounts of customs deposits in the General Authority of Customs in any way.”

Al- 
Sari called on the regulatory agencies and the Ministry of Finance to “play a major role in preserving important properties and documents.”



State law representative: The Sadrist movement's refusal to participate in the government is up to them

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MP for the State of Law coalition, Baqir Al-Saadi, said, on Monday, that the political process "is moving forward with the completion of the last constitutional entitlement", which is the formation of the government "within the next ten days", and "there is no problem" with the Prime Minister-designate in this regard. .

Al-Saadi added in an interview with the official "Al-Sabah" newspaper, which was followed by Mawazine News, that "our doors are open to all components participating in the elections or those that did not participate in Parliament or the next government."

He continued, "Therefore, the Sadrist movement's refusal to participate in the government is a matter that is up to them and their privacy. As for us, we accept any competent political figure participating in the government, and our doors are open to all."



International companies present their offers to invest in oil and gas fields in Anbar

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The director of the Jubbah Municipality Department in Anbar Governorate, Qatar Al-Obaidi, announced on Monday that international companies have submitted their offers to obtain investment opportunities to invest in oil and gas fields in the western regions.

Al-Obaidi said in a statement to "Al-Maalouma", that "delegations from French and American investment companies and from other foreign nationalities specialized in this field expressed their willingness to obtain investment opportunities to work in the western regions for the purpose of investing in oil and gas fields after reviewing the work sites." 

He added, "International investment companies began to make contacts with the central government against the backdrop of the Oil Exploration Company's announcement of the discovery of dozens of oil and gas fields in the western regions comparable to what exists in the Gulf countries, which created a state of global competition with international investment companies to obtain an opportunity to invest oil fields. and gas in Anbar.

Al-Obaidi explained, "The local government in Anbar informed the companies applying for investment opportunities in the energy field to open channels of communication with the central government, because the investment in oil and gas fields has a sovereign dimension. The local government is not allowed to conclude any agreement with investment companies unless the advanced companies obtain The approval of the central government,” stressing that “the desire of Arab and foreign investment companies to obtain investment opportunities in Anbar comes against the background of the stability of the security situation in all cities of the province.”



Steps to form the new government" advance the talks of Barzani and the British ambassador

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The leader of the Kurdistan Democratic Party, Masoud Barzani, met on Monday with the British Ambassador to Iraq Mike Bryson and the British Consul General David Hunt and the accompanying delegation.

The two sides discussed the latest developments in the Iraqi political arena after the election of the President of the Republic, according to a statement by Barzani's headquarters.

The two parties stressed the urging of steps regarding the formation of the new Iraqi government in accordance with the electoral benefits, and the need to implement the program agreed upon with all the parties participating in the political process, so that this program would serve as a road map that charts the course of the political process in Iraq and push it towards achieving stability.

Attention was emphasized on the role of women and their empowerment, and that the Kurdistan Democratic Party was always a pioneer in presenting active women and giving them a distinct role to advance society


Al-Sari reassures about salaries and warns against selling cash at a currency auction

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Al-Sari reassures about salaries and warns against selling cash at a currency auction

The head of the National Parliamentary Forces Alliance bloc, Faleh Al-Sari, reassured the salaries of employees and retirees and their non-stop in the absence of the budget for the next year 2023.

Al-Sari Fair said on the “Unpublished” program broadcast by Al-Furat satellite channel this evening: “The salaries issue of stopping it is completely non-existent. taking into account the time factor.

He pointed out that "hosting the director of the Central Bank was to see the bank's initiatives and the governor's answer to the exchange rate that it cannot be modified and it cannot go back, and he is committed to maintaining the current exchange rate."
Al-Sari added, "I think the Prime Minister-designate must adopt mechanisms with alternatives or support the classes affected by the exchange rate by presenting them in the budget."

He noted that "the foreign currency auction is the presentation of sales for dollars and they are sold to companies through remittances through banks," noting that "Parliament demanded the announcement of the previous Central Bank bulletin, but the bank was satisfied with announcing the total, and this is contrary to our conviction."

And he indicated that "Iraq has 73 banks, most of which do not work to buy the dollar," explaining that "any amount transferred through the hawala is monitored globally and there are no problems in monitoring it, and the danger lies in the cash that can be smuggled inside.

 

 

 

Al-Sari reveals secrets about theft of tax secretariats... and a surprise with the identity of a local resident

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The head of the National Parliamentary Forces Alliance bloc, Faleh Al-Sari, revealed secrets about the theft of the sums of tax deposits, including 3 trillion and 701 billion dinars, while announcing the identity of those involved.

Sarri said; For the (Undisclosed) program broadcast by Al-Furat satellite channel on Sunday evening: “The sums collected by the General Authority for Taxation are considered the accumulated deposits for any work carried out by a company or person, and it is a semi-closed account that does not move except with signatures from the authority through instruments addressed to the concerned bank and in turn demands the validity of The issuance of these instruments and the validity of the signatures of the authorized persons, and in light of which the bank will carry out the exchange process.”

He added, "What happened is that the sums that were collected came from 5 foreign fake companies established in 2021 and became requesting the return of the trust funds, knowing that they did not register any trust amount with the General Authority for Taxes, but rather with the agreement of officials starting from the rank of general manager to the financial department to the assistant financial department to those who are authorized to process Exchange".

Al-Sari continued, "The system previously in force in the General Authority for Taxation until July 2021 is that this series passes through the technical, tax and then financial department, then audited by the Financial Supervision Bureau and after approval, then the financial department works to edit the instrument in the amount approved by the Financial Supervision Bureau, and this becomes The money goes to the bank and in light of it, the money is released to the name of the concerned person.”
 He pointed out, "The reduction of these four stages. First, the Office of Financial Supervision was lifted based on a letter from an important authority in the state. The tax department was abolished by the General Authority for Taxes and only the technical department was left, then the technical department was also raised in order to seize the amounts and higher authorities issued an official letter to abolish the exchange institution concerned.
Al-Sari noted, “The first theft of tax secretariats took place on September 10, 2021, at an amount of 44 billion dinars, and important figures within the Tax Authority were the ones who facilitated the theft process. He was asked questions about the amounts and whether the owners of the fictitious companies were arrested,” adding, “The seizure of funds continued until August 2022.”

And he indicated, "3 committees were formed for these thefts during the era of the former minister of the Ministry of Finance and acting, but the former minister bears the great responsibility in the file of tax amounts," noting that "there is an employee in the office of the former minister involved in tax theft."
Al-Sari confirmed, "The thefts were previously announced in a press conference, and the House of Representatives formed a committee to investigate the collection of data from the Ministry of Finance, and today the meeting was achieved, we opened all the records and started discussing the names and linking them and how to manage the theft process and manipulation of records, that is, embezzlement of public funds."
And he added, "The director of taxes and department managers were replaced in 2021 by 3 employees who embezzled money, and the person who signed the letter of appointment is the Director General of the General Authority for Taxes, and according to my information, two of those involved fled outside the country and the third in the Kurdistan region."
Al-Sari continued, with his speech, "The judiciary cannot take measures without a document and a request from a concerned party, and currently there are 13 people involved in this process and they are at great levels in the state (at the level of two ministers), but the capabilities of others who have large funds are in the office manager of a person and who manages The entire case, and I believe that the number of those involved will reach more than 25 people accused of embezzlement."
And he concluded, "A large part of the amount of 3 trillion and 701 billion dinars is still inside the country in the form of real estate in (Al-Mansour and Al-Harithiya), and when the entire network is discovered and when the judiciary takes its real role, it will reach the names, persons, companies and their deposits in prisons, this money will be returned; but if the matter remains on the By reporting, a large part of the stolen money will not return to the state's treasury."
Al-Sari concluded by saying that "the process of robbery of the sums is carried out through small employees and then reaches the major perpetrators," accusing "media organizations that launched attacks on the acting Minister of Finance to obstruct the investigation, knowing that he succeeded in moving the investigation file by stealing tax deposits."


Text of the President's speech after assuming his duties at the Peace Palace in Baghdad

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The media office of the President of the Republic, Abdul Latif Rashid, published the speech the latter gave, during his inauguration ceremony, which took place inside the Peace Palace in the capital, Baghdad.

The office said in its statement (October 17, 2022), that "in the presence of a high-ranking official, the President of the Republic assumes his duties at the Peace Palace, where the ceremony was held at the Peace Palace in Baghdad, the ceremonies of President Abdul Latif Jamal Rashid assuming his duties as President of the Republic of Iraq."

The ceremony, which was attended by former President Fuad Masum, First Lady Shanaz Ibrahim Ahmed, President of the Patriotic Union of Kurdistan Bafel Talabani, First Deputy Speaker Mohsen Al-Mandalawi and Second Deputy Speaker Shakhwan Abdullah, in addition to a number of leaders and representatives of political blocs and parties, began playing. The national anthem was then inspected by the Presidential Guard.

Then the President of the Republic delivered a speech to the audience, the text of which is as follows:

"In the name of of Allah the Merciful

At the outset, I welcome all of you and thank you for your presence and support, especially in the previous stage, which was difficult for everyone.

I wish everyone success in the next phase of a strong, stable and reconciled Iraq.

I extend my sincere thanks and gratitude to the representatives of the honorable Iraqi people in the House of Representatives who have given me their confidence to carry out the responsibility of the position of President of the Republic, as well as to the rational religious authority, leaders of the Iraqi political forces and everyone who worked for that.

I commend the great role played by the authorities supervising the elections process and the security forces, which provided the appropriate conditions for the implementation of this constitutional entitlement.

O sisters.. O brothers..

As we embark on our work tasks, we first remember the sacrifices of the martyrs and wounded of the security forces with all their names and types, the popular crowd and the Peshmerga, and the pain and patience of their families. From building schools, roads, electricity, hospitals, and preserving water and other natural resources.

I will exert all my efforts to bring the political forces closer and sponsor their dialogues in order to achieve this goal, and faithfully carry out my duties to protect the constitution and the sovereignty, unity and independence of Iraq and contribute to solving the existing problems, including the problems between the Kurdistan region and the central government under the roof of the constitution.

On the one hand, I will also seek to focus on establishing strong and balanced relations between Iraq, neighboring countries and the international community for the sake of common interests.

This speech is especially for this occasion, and before I start my work, and in the near future I will announce to the honorable Iraqi people my program of work in the presidency of the Republic of Iraq.

Peace, mercy and blessings of God".



Al-Sudani: Our government program has made poverty alleviation a priority

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Today, Monday, Prime Minister-designate Muhammad Shia Al-Sudani confirmed that his government's program has put poverty alleviation as a priority.

Al-Sudani said in a blog post today (October 17, 2022), that "on the International Day for the Eradication of Poverty, it is necessary to draw attention to the high rate of poverty in Iraq."

He stressed that "our government's program has made poverty alleviation a priority, in addition to improving health, education and housing services for poor groups.



The World Bank and the American Chamber of Commerce are discussing the electronic payment file in Iraq

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Today, Monday, a delegation from the World Bank discussed with the American Chamber of Commerce the electronic payment file, while indicating efforts to develop it.

And the correspondent of the Iraqi News Agency (INA), said that "the Deputy Governor of the Central Bank, Ammar Hamad Khalaf, participated in the annual meetings held by the International Monetary Fund and the World Bank in the American capital, Washington."

He added, "A delegation from the World Bank discussed with some officials of the International Monetary Fund, ways to cooperate with Iraq, and to provide the necessary support for the development of various economic sectors, especially the banking sector."

He continued, "The delegation discussed with the American Chamber of Commerce and a number of American companies the electronic payment file in Iraq, and the efforts of the Central Bank to develop it, which contributes to increasing the rate of financial inclusion



The Federal Court issues a state order to stop the disbursement of 70 billion dinars to the Prime Minister's Office

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The Federal Supreme Court issues a state order to stop the disbursement of the amounts allocated to the Prime Minister’s Office, amounting to (70 billion dinars) until the settlement of the lawsuit filed before it.



Deputy Speaker: We will not allow the opening of Kirkuk Airport

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Today, Monday, Deputy Speaker of Parliament Shakhwan Abdullah confirmed that Kirkuk International Airport will not be allowed to open, a day after announcing its official opening to domestic and foreign flights.

Abdullah said in a statement followed by "Dijla", that "the file of Kirkuk airport has been submitted to the Integrity Commission," noting that "there is corruption that occurred at Kirkuk airport."

He added, "The Kirkuk airport is not technically ready, and I informed the outgoing Prime Minister, Mustafa Al-Kazemi, that Kirkuk Airport is a gateway to corruption," pledging "not to allow the airport to be opened."

Yesterday, Sunday, Kirkuk Governorate announced the opening of its international airport to domestic and foreign flights.



Civil Aviation: Iraq will soon be free from international sanctions

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Today, Monday, the Civil Aviation Authority announced that Iraq will soon be free of international sanctions.

A spokesman for the Civil Aviation Authority, Jihad Al-Diwan, told the official news agency, "Iraq is among the five countries that have not passed the ICAO Global Safety Oversight Audit Program, known as (USOAP)," noting that "the Civil Aviation Authority is working to pass the test that is on the several stages." 

He pointed out that "during 2019, Iraq reached the rate of passing about 75% of the testing and auditing," stressing that "Iraq will pass the remaining percentage in the near future to get out of international sanctions."

And the Ministry of Transport announced, earlier, that Iraq had taken action to complete the requirements for lifting the European ban on airlines.



Al-Rasheed Bank issues instructions for renting safes by citizens

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Al-Rasheed Bank announced, on Monday (October 17, 2022), issuing instructions for renting safes to citizens.

A statement by the bank stated, "All citizens and companies wishing to preserve money, important documents and gold jewellery, can rent a special safe in the bank's branches, which is placed at the personal disposal of the lessee."

The statement added, "The box can be rented for two or more people in return for all of them, as well as for the minor by the forced guardian," calling on those wishing to "review the bank's branches to apply.



?Will the new government succeed in saving Iraq

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A little over a year after the country's last elections, Iraq has finally broken its political deadlock, and the House of Representatives, elected a new president, instructed its candidate for prime minister to form a government. As widely expected, the major parties brokered a consensus that would see the formation of a government. Another coalition, which is the seventh .national government since 2003 A report by the "The Century Foundation" , which was translated by (Baghdad Today), questioned, saying, "While Iraq celebrates the resolution of this chapter of its political crisis, the question remains: Can a new prime minister, burdened by the same old 

policies, stop the country's slide into more insecurity? Stabilize and start working on " ?much-needed reforms He continued, "The wise bet, unfortunately, is to expect little from the next Iraqi government." He added, "Nothing indicates that any of the major factions have a real interest in de facto governance. Indeed, it appears that Iraqi political factions are opposed to any serious investment in the state's capabilities and institutions, fearing that if the state can govern effectively, those factions will lose Its ability to manage .” corruption rackets with impunity He noted that "Mohammed Shiaa al-Sudani, the prime minister-designate, will be the first leader of Iraq since 2003 who has not come of age politically in exile. But any hope for change must be tempered by a cold-blooded look at the Iraqi political system, which still dominates it." The same personalities and entities - and they all share a greater interest in preserving their individual fiefdoms than in achieving much-needed structural ." and institutional reforms He said, "It seems that the main obstacles have been overcome and a new government is formed next month. But can it perform better than before and restore some " ?confidence in the political system He pointed out that "the Iraqi state now faces three important questions: First, will the new prime minister have effective authority? Second, will the parties supporting him agree to any reforms? And third, will the Sadrists - who still lead the vote even though ?he has not longer have seats in parliament - for their rivals with a full term He explained, “The answer to the first question depends to some extent on whether AlSudani is able to run an effective government. While he has significant experience as a regional governor, several ministerial positions, and as a member of Parliament, the 

premiership remains a huge step forward for He owes a large part of his career to alMaliki, and while al-Sudani now runs his party, it will be difficult for him to escape from al-Maliki's shadow, especially since al-Maliki played the most important role in securing . al-Sudani's premiership On the other hand, while Al-Sudani does not have a track record as a reformer, he does not have significant corruption charges against him. His tenures as minister were seen as stable if not overly successful and he maintains good political relations throughout Fields He will be the first prime minister of Iraq after 2003 who was not previously in exile and thus comes with less burden than his predecessors, who spent much of their careers in countries such as the United Kingdom, Syria and Iran, but Al-Sudani will need to choose his government from among a small group of candidates he presents To him is the coalition of parties supporting him, then managing the ministers and their party .” interests. It may be the most difficult job in the world, and the Sudanese will suffer He continued, "The second question is whether the coalition of parties that will form the government is ready to move forward with reforms. Iraq faces a long list of enormous challenges ranging from corruption, fragile infrastructure, fragile economy, climate change, and others. Addressing these challenges requires serious and deep reforms that will affect the political and economic interests of these parties. Are they willing to accept the cost of remaining in power? Or will they continue to block basic reforms, thus " ?pushing Iraq toward a violent and sudden collapse And he stated, "The last question is about what the Sadrists will do until the next elections in 2025. It is unlikely that they will accept their freezing from the government despite winning the largest number of seats in the elections. They will not be inclined to risk allowing the Sudanese - and his opponents from the Sadrist movement who support

 

him - to gain popular support over the next three years. Instead, the Sadrists are likely to take advantage of the government's weakness and failure to amplify support for protests and early elections. The Sadrists, for the time being, are unlikely to return to violence or Green Zone demonstrations, but the Sadrists always What they have the trump card for is a transition to street power, whether through demonstrations or by taking over parliament and other government buildings. And they will already have their eyes set on preparing for the upcoming elections and reclaiming their position at the top .” of the political system He noted that "the October 2021 elections and their aftermath revealed the deep political divisions within and among the political parties, and although the status quo of consensual power-sharing prevailed, the divisions are serious enough to question whether a recurrence of the crisis is possible. The coordination framework succeeded in restoring the premiership, But its constituent parties are competing with each other and in a struggle for survival with the Sadrists. The PUK and the KDP will continue their .” rivalry within Iraqi Kurdistan before the upcoming local elections He concluded: “Constant and consistent pressure for reform is the only conceivable way forward under the current circumstances. But the factions and political parties in the current situation in Iraq are happy enough for things to continue as they are. In fact, some of them see any regime change The flaw is an assault on their livelihoods and power bases. Given the forces mobilized against reform and in favor of the current dysfunctional regime, it would be unrealistic to expect much progress from the Sudanese government. Perhaps the best outcome Iraqis can hope for is that al-Sudani somehow ”.avoided a deterioration of the situation. perilous country



The Sudanese government.. 22 ministries, 12 of which are for the framework, and this is the share of the Kurds and Sunnis

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A leader in the coordination framework revealed today, Monday, the details of the cabinet formation that Prime Minister-designate Muhammad Shiaa Al-Sudani intends to form.

The leader told Shafaq News Agency, "The ministerial cabinet of the Sudanese government will consist of 22-24 ministries, distributing 4 ministries of the Sovereignty Alliance headed by Muhammad al-Halbousi and Khamis al-Khanjar, and two ministries of the Azm Alliance headed by Muthanna al-Samarrai, and 4 ministries, 3 of which will go to the Kurdistan Democratic Party, and one to The National Union".

He added that "12 ministries will go to the coordination framework, and they will be 4 to the State of Law, 6 to the Al-Fateh Alliance, and two ministries to the Alliance of Independents."

The leader indicated that "in the event that the ministerial cabinet becomes 24, two of them will go to minorities, one of them is Christ and the other is for the Turkmen, but if the division of the ministries remains into 22 ministries, the Christian and Turkmen component will take their share of the ministerial portfolios of the framework."

He explained that "the distribution of ministerial portfolios is according to a points system, every 5 deputies has a ministerial portfolio, and every 15 deputies is a sovereign ministry," noting that "the ministerial cabinet is not ready until the moment, and it is hoped that the Sudanese will present it to the House of Representatives next week.



In 3 files..America agrees with a European country to cooperate with Iraq

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On Monday, the US ambassador to Baghdad, Elena Romanowski, and the Norwegian ambassador, Aspen Lindbeck, agreed to cooperate with Iraq in three files.
"The Norwegian Ambassador to Iraq, Aspen Lindbeck, and I discussed our many common priorities in Iraq at this pivotal time for the Iraqi people," Romanowski said, in a tweet on Twitter, which was followed by Mawazine News.
She added, "We agreed to further cooperation in strengthening governance and democracy, and promoting gender equality, and the Climate Change Conference in Cairo in November 2022.



Al-Sudani: The next government will be a government of services that includes economic reforms

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Prime Minister-designate Muhammad Shia Al-Sudani received, on Monday, German Ambassador to Iraq Martin Jaeger.

During the meeting, according to the statement, "a number of issues and topics related to bilateral relations between the two countries and ways of consolidating them were discussed," and the meeting touched on "the prospects for joint cooperation, and the importance of its development in various fields."

Al-Sudani stressed, "The next government's orientation is towards building balanced relations with its regional and international surroundings, as well as its aspiration to develop cooperation relations with Germany and the whole of the European Union, in a way that enhances common aspirations and aspirations."

He added, "All his efforts are currently focused on forming the government as quickly as possible, and on the basis of accurate selection," stressing that "the next government will be a government of services, including economic reforms, and an investment of oil revenues away from corruption."

And he expressed "the future government's aspiration for fruitful cooperation with German companies in the fields of energy and other technical disciplines."

For his part, the German ambassador affirmed, "the desire of his country's government to strengthen bilateral relations, in a way that contributes to enhancing cooperation and joint coordination at various levels."

He continued, "Iraq urgently needs a government with full powers that realizes the magnitude of the challenges it is facing in the current stage," explaining that "the German government has great interest in making this government succeed and overcome various challenges."

The German ambassador presented a paper containing specific proposals for cooperation between Iraq and Germany in various fields.



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Below here is the WOTS for the day "Word on the Street" report:

The exchange rate of the US dollar against the Iraqi dinar today, Monday, October 17, 2022, from the Iraqi markets and the stock exchange for several provinces.

Baghdad - Kifah Stock Exchange
147,725

The price in most exchanges
147,250
148,250

————————
Erbil - Bursa
148,000

—————————-
Basra - Bursa
147,750

—————————-
Sulaymaniyah - Bursa
148,050

—————————-
Duhok - Bursa
148,050🔒





The Markets:
The Asian markets closed mixed NIK down by 1.16% HSI up by .15% SHANG up by .42%
The UK markets are currently trading in the green from .63% to .90% 
Our futures are currently trading up  DOW at 30016 by 1.02% SNP at 3641.25  by 1.22% NDX at 10891  by 1.37%

Precious Metals:
Gold is green at 1661 Silver is green at 18.50 Copper is green at 3.44 Platinum is green at 911 

Brent 92 WTI  85   Bitcoin: 19,404  10 yr yield: 3.95

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1427.2000  1488.8000 1458.9000 1458.7000 1458.9000  0.0000 12:28
 USD/VND  24310.0000  24360.0000 24238.1500 24150.2600 24150.2600  98.6400 05:12
 USD/CNY  7.1981  7.2001 7.2047 7.1877 7.1900  0.0086 05:29
 USD/KWD  0.3099  0.3109 0.3101 0.3099 0.3101  -0.0001 05:07
 GBP/USD  1.1284  1.1285 1.1330 1.1195 1.1263  0.0105 05:29
 USD/IRR  42000.0000  42700.0000 42325.0000 42325.0000 42325.0000  9.5000 11:35
 USD/IDR  15464.0000  15464.0000 15510.0000 15436.0000 15459.0000  -1.0000 05:28

Things in the News:


Iraqi Articles:

International companies present their offers to invest in oil and gas fields in Anbar

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The director of the Jubbah Municipality Department in Anbar Governorate, Qatar Al-Obaidi, announced on Monday that international companies have submitted their offers to obtain investment opportunities to invest in oil and gas fields in the western regions.

Al-Obaidi said in a statement to "Al-Maalouma", that "delegations from French and American investment companies and from other foreign nationalities specialized in this field expressed their willingness to obtain investment opportunities to work in the western regions for the purpose of investing in oil and gas fields after reviewing the work sites." 

He added, "International investment companies began to make contacts with the central government against the backdrop of the Oil Exploration Company's announcement of the discovery of dozens of oil and gas fields in the western regions comparable to what exists in the Gulf countries, which created a state of global competition with international investment companies to obtain an opportunity to invest oil fields. and gas in Anbar.

Al-Obaidi explained, "The local government in Anbar informed the companies applying for investment opportunities in the energy field to open channels of communication with the central government, because the investment in oil and gas fields has a sovereign dimension. The local government is not allowed to conclude any agreement with investment companies unless the advanced companies obtain The approval of the central government,” stressing that “the desire of Arab and foreign investment companies to obtain investment opportunities in Anbar comes against the background of the stability of the security situation in all cities of the province.”



State law representative: The Sadrist movement's refusal to participate in the government is up to them

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MP for the State of Law coalition, Baqir Al-Saadi, said, on Monday, that the political process "is moving forward with the completion of the last constitutional entitlement", which is the formation of the government "within the next ten days", and "there is no problem" with the Prime Minister-designate in this regard. .

Al-Saadi added in an interview with the official "Al-Sabah" newspaper, which was followed by Mawazine News, that "our doors are open to all components participating in the elections or those that did not participate in Parliament or the next government."

He continued, "Therefore, the Sadrist movement's refusal to participate in the government is a matter that is up to them and their privacy. As for us, we accept any competent political figure participating in the government, and our doors are open to all."


Officially.. the new Iraqi President Abdul Latif Rashid takes office 

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Today, Monday, the new Iraqi President, Abdul Latif Rashid, assumed his duties during his inauguration ceremony at the Republican Palace in the capital, Baghdad.

In his speech, Rashid said that "the previous stage was difficult for everyone," stressing that "it is close to announcing his program to manage the next stage."

He added, "I am seeking to establish strong relations with neighboring countries and the international community," hoping "the formation of the new government quickly to meet the citizens' demands." He stressed that he is committed to protecting the constitution and the sovereignty of Iraq and solving internal problems.

Abdul Latif Jamal Rashid, born in Sulaymaniyah in northern Iraq, on August 10, 1944, is married and has 3 children: Asuz (40 years), Sarah (35 years), and Zakros (34 years).

Rashid speaks 3 languages which are Arabic, Kurdish and English.

Abdul Latif Jamal Rashid’s political history began in the sixties of the last century, when he joined the Kurdistan Democratic Party and became a member of it, then a leader in the Kurdish Student Association in Europe, and participated in meetings and meetings for the formation of the Patriotic Union of Kurdistan, which emerged from the Democratic Party, and joined it Abdel Latif after its formation.

He was chosen to be the PUK's delegate in Britain and its representative in a number of European countries. He had a prominent role in this party since its founding in 1975 under the leadership of the late Jalal Talabani.


Details of the Sudanese meeting with the American ambassador

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Details of the Sudanese meeting with the American ambassador

The Prime Minister-designate, Mr. Muhammad Shiaa Al-Sudani, received yesterday evening, Sunday, the US Ambassador to Iraq, Mrs. Alina Romanowski.

The meeting witnessed discussions on bilateral relations and common interests between the two countries and ways of developing them, and the importance of working to enhance security and stability in Iraq and the region during the next stage.

The meeting also witnessed Mr. Al-Sudani’s affirmation of Iraq’s desire to consolidate a strategic partnership relationship with the United States by strengthening work on the Strategic Framework Agreement in its various economic, educational, cultural and political aspects and issues of facing the effects of climate change, as well as security cooperation in the field of providing support and advice to empower the security forces Iraqi.

The Prime Minister-designate expressed the future government's keenness to continue dialogue at the national level inside and outside Parliament, and to strive to resolve internal contentious issues.

Al-Sudani stressed the importance of building distinguished and balanced international relations, in the interest of the Iraqi people, and building bridges of cooperation with brotherly and friendly peoples in the regional and international environments.

For her part, the US ambassador affirmed the US government's support for a secure, stable, prosperous and united federal and sovereign Iraq, and expressed her country's government's readiness to assist Iraq in combating corruption, and praised Mr. Al-Sudani's focus in achieving progress in this file. She also conveyed the US administration's desire to continue cooperating with Iraq to defeat ISIS remnants and combat terrorism, noting that Iraq represents an essential and strategic component in the region.  

Media Office of the Prime Minister-designate October 17, 2022



CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   

Equipping modern cars


Announcement of Public Tender No. (4) of 2022 (Modern Vehicles Supply)

The Central Bank of Iraq announces the conduct of a tender to supply modern cars and according to the technical specifications and legal conditions contained in the sixth section of the standard document for the supply of goods. Al-Iraqi / located in Baghdad - Al-Rasheed Street - Building No. (2) Floor (3) Legal Department / Contracts Department for the purpose of obtaining tender documents for an amount of (250,000) dinars (two hundred and fifty thousand dinars) is non-refundable, accompanied by the initial insurance in the form of a certified check or a bill of exchange and a letter of guarantee issued by one of the approved banks inside Iraq for the order of the Central Bank of Iraq in force for a period of not less than (90) days from the date of closing the tender by ( 3%) of the estimated cost shall be attached to the bid, and the last date for submitting bids and closing the tender will be before the end of official working hours on Tuesday, 11/2022. Publication of the advertisement and that this bank is not obligated to accept the lowest bids.

Central Bank of Iraq

Legal Department / Contracts Department


Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction for October 17th, 2022 total sales amount $237,238,500

including   $39,400,000. CASH 


ISX Update:   NOT UPDATED

www.isx-iq.net/   

Shares Traded: 
Value Traded: 

10-17-2022   Newshound Guru MilitiaMan  Article:  "The Central Bank of Iraq participates in the annual meetings of the International Monetary Fund and the World Bank"  ...They are readying to get this country into an international environment for trade. The likes of the World Bank, International Monetary Fund, US Treasury, American Chamber of Commerce, etc... of late are all about moving forward and apparently finalizing necessary formalities...All items are looking to be in place now or at least well underway...A good thing...imo

10-16-2022   Newshound/Intel Guru RVAlready   If IQD does come out close to KWD. KWD is 3.22 USD. This would then be minus the bank’s spread.

10-16-2022   Intel Guru Frank26  Article:  "Iraq tops the list of Arab countries with economic growth for 2022"    CAN YOU IMAGINE WHAT IRAQ'S GROWTH WILL BE WITHOUT A PROGRAM RATE.

10-16-2022   Newshound Guru Pimpy 
  There's a lot of excitement inside the dinar community.  All kinds of exaggeration on rate changes...Let's be honest.  There is talk of a rate change but how much, no body knows.  I've actually heard somebody saying that there's a 18 to 1 exchange rate.  That's the rate that we're going for - 18 to 1?  So for every 1 dinar they're trying to claim that you'll get $18 American dollars...that's not what's going to happen.

10-16-2022   Newshound Guru Samson  Article:  "The Central Bank: The inflation rate is controlled and we are not thinking about changing the exchange rate"  Quote:  "there is no justification for thinking about changing the exchange rate of the Iraqi dinar, especially in light of the high oil prices and foreign cash reserves, which amounted to more than 80 billion dollars, noting that the inflation rate is about 6% and is controlling. It is necessary to stabilize the exchange rate of the Iraqi dinar..."

10-16-2022  Newshound Guru Sandy Ingram   Once a president is elected by parliament then the parliament votes on a prime minister.   One half of the news media around the world is announcing a new president and prime minister in Iraq.  The national media called the Prime Minister a Nominee. [NOTE: Parliament will either give the new Prime Minister's government a vote of confidence or not.  He technically has 30 days to form but said he'd do it in 10.]

10-16-2022   Newshound Guru MilitiaMan  Article: "The United Nations: Assigning Al-Sudani to form a government paves the way for addressing Iraqi issues"  The language that is used is strong.  The UN now expects the plan to take shape and it is an urgent matter. I am sure the pending issues for the people is Exchange Rate related. The opportunity is now and it is a golden one. Now that the UN doesn't have to put Iraq back into the stone age again (Chapter 7) we are likely to see results from the new government as planned and is expected.

10-16-2022   Intel Guru Frank26  Article:  "Economist: The new government has a golden opportunity to reduce the dollar exchange rate"  THERE IS A DIFFERENCE BETWEEN REDUCING THE EXCHANGE RATE AND CHANGING THE EXCHANGE RATE!!! YOU CANNOT CHANGE THE US EXCHANGE RATE  BUT YOU CAN REDUCE IT!  Quote:  "The increase in oil prices and cash reserves will enable the new government to gradually reduce the dollar exchange rate during the next stageTHIS IS THE FLOAT... NEXT STAGE.

10-16-2022   Newshound/Intel Guru RVAlready  I think the UN already gave them a deadline for the RV. We are on the clock.

Catnip's Corner:
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