Parliamentary calls to curb the rise of the dollar in Iraq
day, Saturday, Representative Ola Odeh called on the Central Bank of Iraq to take serious steps and quick measures to limit the continuing crisis of the high exchange rates of the dollar against the Iraqi dinar.
Odeh said in an interview with the “Al-Ma’louma” Agency, “The exchange rates of the dollar against the Iraqi dinar during the days of Eid Al-Adha witnessed a significant increase compared to the previous period.”
She added, "The coming period requires a greater effort by the Central Bank of Iraq and the Ministry of Finance to put an end to the phenomenon of high exchange rates of the dollar against the dinar."
Since Eid al-Adha, the exchange rates of the dollar against the Iraqi dinar have risen until they exceeded 147 thousand dinars for every 100 dollars, after being below 145 thousand dinars during the past weeks.
The dollar exchange rates are witnessing a significant increase in the Iraqi markets, as the price of one dollar during the past months reached more than 152 dinars, amid fears that this rise will continue.
The American administration continues to obstruct the Iraqi government's reforms in light of waving the economic card through the dollar file
Caggins: Oil companies are ready to make changes in contracts provided that three parties agree
- The spokesman for the Petroleum Industry Association in the Kurdistan Region (ABICOR), Miles Caggins, confirmed on Saturday that Abikour is ready to make changes in contracts subject to the approval of oil companies, the Kurdistan Regional Government and the federal government.
In an interview with Kurdistan24, Miles Caggins said that "the member companies of Abicor want to sell oil through SOMO, which is what the Kurdistan Regional Government has proposed."
"Oil extracted in Iraq and the Kurdistan Region is exported through the Ceyhan pipeline, and we also propose to sell this oil through SOMO," he said.
He explained that "the sale of oil through SOMO represents an opportunity for oil companies to receive their money directly, instead of delaying it as was happening in the past," pointing to "the satisfaction of companies and the Kurdistan Region with the sale of oil through SOMO."
"They see that selling oil through SOMO is the best proposal," Caggins said, noting that "the Iraqi government has always believed that it can sell oil on its own, while companies are worried and would like to get their money."
He stressed that "companies want to resume the export of oil to the Kurdistan Region," noting that "they now depend on local sales, which amount to about 220,000 barrels of oil per day."
The spokesman for Abikour stressed that "the Kurdistan Region has the capacity to export about 400,000 barrels of oil per day," noting that "the region depends 80% on oil to achieve its revenues, and therefore it is necessary to resume oil exports."
Caggins expressed their "agreement to make changes in contracts, provided that the companies, the Kurdistan Regional Government and Baghdad approve them, and that the size of the revenues is ascertained," pointing out that "they need guarantees to ensure the receipt of their money."
Dozens of Iraqi companies participate in an investment summit in America
link
The US Ambassador to Baghdad, Alina Romanowski, announced on Sunday that more than 30 Iraqi companies will participate in a summit related to investment projects in the United States available to foreign companies.
Today, Romanowski wrote in a blog on the “X-Twitter” platform, “Best wishes to the 33 Iraqi companies heading to the SelectUSA Investment Summit in Washington, D.C., next week.”
She added, "The investment process is through linking Iraqi companies with American companies and resources to help them develop their businesses."
The World Bank predicts Iraq's economic future in 2026
The World Bank expected, today, Sunday, that Iraq will achieve economic growth of more than 5% in the year 2026.
The bank stated in a report followed by Mawazine News, that “Iraq’s economic growth for the year 2022 reached 7.6%, and in 2023 it decreased.” To reach - 2.9%.
He expected Iraq's economic growth to decline in 2024 to reach 0.3%, to achieve growth in 2025 of up to 3.8%, and to achieve growth in 2026 of up to 5.3%.
The bank's report indicated that "oil exporting countries from outside the Gulf Cooperation Council will help the expected recovery in the oil sector in 2025 boost growth in Iraq and Algeria."
Baghdad to Host Iraq’s Largest Tech Event
link
Baghdad will host the Digital Transformation Initiative (DTI) Youth Forum on July 22, Iraq's largest tech event, sponsored by the Iraqi Prime Minister’s Office.
This landmark two-day event will bring together over 8,000 attendees, including youth, entrepreneurs, and companies, to explore technological trends and digital solutions.
The forum aims to raise awareness about technology among Iraqi youth and will feature 20 local and international experts. Notable speakers include Safa Salwan, VP of Investments at JPMorgan; Mustafa Nooraldin, CEO of Acksession; and cybersecurity expert Saif Alshoker. Topics will cover the Internet of Things, start-ups, cybersecurity, digitalizing the government sector, the digital economy, renewable energy, and more.
In addition to the conference, the event will include a Youth Initiatives Exhibition showcasing local projects, a Companies Exhibition promoting IT services and products by young innovators, and the launch of reports and data on Iraq's technology sector.
The DTI Youth Forum seeks to unite the efforts of youth, the private sector, and digital companies to drive digital transformation in Iraq, connecting Iraqi youth with the latest advancements in technology and innovation.
Advisor to the Association of Banks: The Central Bank's third strategy is a new methodology for financial and banking reform
Samir Al-Nusairi, advisor to the Iraqi Private Banks Association, confirmed that the Central Bank's third strategy has drawn up a road map and programs with clear goals and initiatives for a period of three years in a special, complex, and risk-filled economic and financial situation.
Al-Nusairi said, in an interview from Makkah Al-Mukarramah, exclusively for “Al-Iqtisad News,” that “the Central Bank’s third strategy for the years (2024-2026), which derived its main and subsidiary objectives from the general economic policies of the state and its strategy for financial and banking reform that the government adopted in the government curriculum and from Central Bank Law No. 56 of 2004, and the new strategy has drawn up a road map and programs with clear objectives and initiatives for a period of three years in a special and complex economic and financial circumstance full of risks and challenges at the level of internal and external economic and financial relations.”
He pointed out, “What concerns us as specialists in economic, financial, and banking affairs is what are the new mechanisms and policies that the Central Bank has adopted in its monetary policy and banking reform? According to the approach of the fundamental change desired for the national economy, in which the banking sector constitutes the first and basic link and the implementer of monetary policy applications.”
Al-Nusairi explained that “the Central Bank’s third strategy set the basic goals at 7 goals, the sub-goals at 80 goals, and 75 initiatives to achieve the basic and subsidiary goals and charted the way for banking and financial reform in accordance with the following strategic goals: -
1- Supporting and enhancing monetary stability.
2- Promoting digital transformation and activating electronic payment.” Strengthening cybersecurity in the Central Bank and the banking sector.
3- Promoting financial inclusion.
4- Maintaining a sound financial system that guarantees the rights of its customers.
5- Developing the organizational structure and developing human resources capabilities in the central bank.
6- Strengthening the position of the central bank locally and internationally.
7- Strengthening the compliance of the banking sector Non-banking institutions in line with international standards.
He added, “These strategic objectives have been defined as programs and policies to achieve the primary and subsidiary objectives and their most prominent initiatives in achieving the first strategic objective, which is the national lending strategy, which will restructure banking financing in Iraq and the initiative to leave the electronic platform and adopt correspondent banks in Iraq.” External transfers and the objectives emphasize protecting the financial system, enhancing financial inclusion, managing monetary and financial stability, developing control and supervision, developing regulation in the banking sector, completing the development of the organizational structure in the central bank in accordance with the frameworks and techniques adopted in international central banks, raising the capabilities of human resources, developing banking operations, and strengthening bank relations. internal and external, and to represent him locally and internationally.”
Al-Nusairi concluded, “By analyzing the mechanisms and action points to achieve the above goals, we note that the strategy identified the planning team, the implementation team, the implementation mechanisms, and responsibility. It also identified clear priorities for achieving reform. Certainly, these priorities were diagnosed in light of the challenges facing the monetary policy and the banking sector, the implementation steps, and the results achieved by the strategy.” The first is for the years 2016-2020 and the second strategy is for the years 2021-2023 and the stifling economic and financial challenges that Iraq has suffered over the past years. Work through this strategy is to clearly identify opportunities to overcome the challenges for this and for the purpose of implementing the banking reform methodology according to what was stated in the strategy and according to an insight into the priorities and challenges that The Iraqi banking sector is suffering from it. The Central Bank made exceptional efforts during this year and last year, completing the first phase of it and began implementing the second phase. Many of the primary and secondary objectives were achieved, and it is trying to complete the achievement of all the objectives in the second half of 2024 and the years 2025 and 2026 of the plan that has been proven to have been prepared and planned. It has identified advanced steps on the path to systematic implementation of the desired financial and banking reform in Iraq.
Netanyahu: We are fighting on 7 fronts, including Iraq
Israeli Prime Minister Benjamin Netanyahu confirmed on Sunday that the violent battles that the Israeli army is waging against Hamas fighters in the city of Rafah in the southern Gaza Strip are "about to end."
Netanyahu said in an interview with Israeli Channel 14: "The violent phase of the battles against Hamas is about to end. This does not mean that the war is about to end, but the war in its violent phase is about to end in Rafah."
Netanyahu added, in his first interview with an Israeli television channel since the start of the war on Gaza, “After the end of the violent phase, we will redeploy some of our forces towards the north, and we will do so mainly for defensive purposes, but also to return the (displaced) population to their homes.”
Netanyahu also stressed that he would not accept any “partial” agreement, and said, “The goal is to recover the hostages and uproot the Hamas regime in Gaza.”
He added, "We are in a war on 7 fronts: Hamas, Hezbollah, the Houthis, the Iraqi and Syrian militias, the West Bank, and Iran."
jun 24 24
Warning against trading digital currencies in Iraq
The Securities Commission warned against trading digital currencies in Iraq, noting that there are 9,000 currencies in the world.
Waddah Al-Taha, a member of the Authority’s Council, explained that digital currencies are virtual currencies created by individuals, not an entity authorized by governments, and they are based on unsubstantiated assumptions, whether they are currencies, gold, or other assets.
He added that the existence of digital currencies depends on scarcity, such as Bitcoin, of which there are 21 million pieces, and their acquisition requires solving a puzzle to access them, or using mining or logarithms, and they consume a lot of electrical energy.
Al-Taha pointed out that adopting such assets to exchange goods using cryptocurrencies is a dangerous gesture the more it is adopted, but it has been imposed in one way or another on countries or companies, and is not determined by influential parties, whether the United States, China, or other major economies, noting that it must There should be rules for these currencies, not that the door be wide open for them.
He refused to let Iraq deal in these currencies because they lacked basis for evaluation except supply and demand.
Here's an ad for trading hahaha
Are you a trader? Get a deposit bonus of up to $5,000 with XM
In a world of trading full of challenges and opportunities, you need a broker you can trust to provide support and services that guarantee you a successful and fruitful trading experience. If you are looking for a broker with experience, integrity, and concern for the well-being of its clients, then XM is the ideal choice for you. With over 10 million clients worldwide, XM has earned a strong reputation as a leading broker in the global forex and asset trading market. Get ready to join a community of traders who trust XM to achieve their financial and investment goals. Click here to open a trading account with XM
Why choose XM?
XM offers a wide range of services and benefits that make it the ideal choice for traders of all levels. Whether you are a beginner looking to enter the world of trading or a professional looking for a reliable platform to expand your investments, XM offers you everything you need to succeed.
XM Group is authorized by the Australian Securities and Investments Commission (Trading Point of Financial Instruments Pty Limited), authorized by CySEC (Trading Point of Financial Instruments Ltd) in Cyprus, authorized by the FSC (XM Global Limited) in Belize, and authorized by the DFSA (Trading Point MENA Limited). These licenses ensure adherence to strong regulatory standards and protection of customer rights.
World famous broker
We have clients from more than 190 countries, and staff who speak more than 30 languages. Our management has visited more than 120 cities globally to understand the needs of customers and partners, highlighting our commitment to effective communication with our customers. Click here to open a trading account with XM
We focus on the customer
At XM, the customer comes first regardless of the size of his investment. We ensure that all our clients receive the same quality of services, and the same level of implementation and support. XM was founded on the values of integrity and transparency, and that won't change.
A variety of trading instruments
Our clients can choose to trade Forex and CFDs on equity indices, commodities, equities, metals and energies from the same trading account. XM offers a wide range of trading instruments from one multi-platform, making trading easier and more efficient.
Integrity and justice
At XM, what you see is what you get, with no hidden conditions. Whether it's price, execution or promotions, what we advertise is what we deliver to our clients, regardless of the size of their investment.
Ease and comfort
Our systems are designed and updated to suit customer needs. Starting from the account opening procedures, to account management, depositing or withdrawing funds, and finally trading. Everything is simple, clear and easy to use for all our customers.
The nature of trading with XM
Trading in Forex: The Forex market (foreign exchange market) is considered one of the largest financial markets in the world, with trillions of dollars traded daily. Through XM, you can trade a wide range of currency pairs, including majors, minors, and exotics.
Stock Indices Trading: XM offers CFDs on global stock indices, giving you the opportunity to benefit from broad market movements by investing in indices such as the S&P 500, Dow Jones, and FTSE 100.
Commodity trading: Commodity trading is considered one of the most diversified investments, and includes gold, silver, oil, and many other commodities. XM allows you to trade these assets at competitive prices and excellent terms.
**Stock Trading**: Through XM, you can trade individual stocks of major companies from around the world. This type of trading provides an opportunity to invest in the performance of individual companies and make profits from their stock price movements.
Trading metals and energies: Precious metals such as gold and silver are considered safe investments during turbulent economic times. Trading energies such as oil and natural gas also provides opportunities to make significant profits with price changes.
Outstanding trading experience
XM offers an outstanding trading experience thanks to its award-winning platforms, which provide a wide range of financial instruments, market analysis, and charting tools that help you make informed trading decisions. The platforms also allow you to open and close trades quickly and easily, giving you complete control over your investments. Click here to open a trading account with XM
Outstanding customer service
XM's customer service team is available 24/7, to provide immediate support and help resolve any issue you may encounter. You can contact the team via phone, email, or live chat, and they will always be ready to help you.
Start trading now with XM
Join XM today and benefit from the experience of a great, fair, and humane broker. Start trading global assets with excellent trading conditions, award-winning platforms, and 24/7 customer service. Open an Islamic trading account and get a deposit bonus of up to $5,000.
Click here to open your account and start trading with XM!
Enjoy an unparalleled trading experience with XM, the world's leading electronic trading company.
Washington and its strategic vision for the Middle East.
link
Since the outbreak of the “Al-Aqsa Flood” earthquake, the United States has completely changed its approach towards the Middle East in general, and has gone even further than that in its dealings with the Israeli entity. Despite its serious side with it in the conflict with Hamas, it has not completely rushed towards Tel Aviv and has remained holding on to the strings of the game. From afar, while preserving its cards in the region, whether with the Gulf states, Iraq, and the rest of the countries of the region, it adopted the method of maneuvering and preserving its cards, in order to keep its interests preserved on the one hand with the Arabs and protect Israel on the other hand, provided that it remains the “arbiter” in the Middle East court and monitors. The performance of all competitors is closely monitored.
The American administration supported all efforts that adopted the principle of change in the region, starting with the “Arab Spring,” and all the results were negative and did not achieve any of its set goals, because the approach followed by Washington was unclear and marred by many signs of confusion and questioning. Therefore, President Biden seeks to betray him. “To redraw a new map for the region, starting from Palestine by revitalizing the authority of Mahmoud Abbas so that it can restore its rule and control over Gaza City, and to engage in the new map project during the second half of this year, as it found a number of important data for this map that can be achieved.” On the ground in the Palestinian territories.REPORT THIS AD
The attempts made by the United States in its efforts to transform the Middle East were very clear, and they were a failure by all standards because they did not achieve the goals of “geopolitical” change. Therefore, even these movements sparked great controversy about Washington’s purpose in all this movement and what it wants?!!
And whether it should leave the Middle East, monitor who, or remain focused in it?!
After the events of September 11, the administration of George W. Bush adopted the principle of “democracy,” which calls for combating terrorism and extremism. In this direction, great efforts were made, specifically in the Middle East region. It helped rid the Iraqis of the previous regime and reshape Iraqi society according to this democracy, but it Despite its failure to implement these standards and its clash with the psychological and ideological pillars of Iraqi society, it was unable to impose its vision and imports on Iraq and its people, and remained stagnant in this context. Internal tools such as humanitarian or non-governmental organizations moved to consolidate the concepts of democracy in Iraq, and the same efforts did so as well to Building a Palestinian state, which was based on the idea that “any peace must be achieved through democratic political reform.”
The same thing was practiced with Iran through the nuclear agreement signed by President Obama, which was intended to partner with Tehran in the region and attempt to transform the Middle East into another aspect through which Iran could practice its policy and share power in the region. Washington has completely failed in this approach. When it wanted the logic of force to prevail in changing the region, it is therefore better for the Biden administration to avoid any effort that would allow the use of force there and resort to the logic of force to impose another will on the Palestinians. Rather, it is better for Washington to seek to neutralize the Israeli entity from any future confrontation. In the Middle East, and going to coordinate roles with the main players in it, and that any efforts made by Washington to bring views closer between the Israeli entity and the Palestinians will completely fail, and that the real position will inevitably be on the ground.
The Central Bank publishes the mechanism for imposing fines on private banks
The Central Bank of Iraq revealed the mechanism for imposing fines on private banks and money changers.
According to a document issued by the bank on the third of this month, “We would like to inform you that imposing fines on banks and non-banking financial institutions is carried out through a specialized committee in this bank whose work is based on Central Bank Law No. (56) of (2004) and Banking Law No. (94) of (2004) and the instructions and controls that regulate banking operations.”
He added, “In view of the bank or non-banking financial institution’s violation of these laws, instructions and controls, noting that the purpose of imposing fines on banks and non-banking financial institutions is to prevent them from committing violations of the laws mentioned above and the instructions issued pursuant to them to protect them and ensure their safety and the safety of the financial sector in general.”
text of the document
Issue: 5854/8/9 Date 1/5/2024
NO:
DATE:
C
The Iraqi House of Representatives, Office of the Honorable Representative Mustafa Khalil Al-Karaawi, Mechanism for Imposing Fines
Kind regards... Your letter No. (674) dated (4/23/2024), we would like to inform you that the imposition of fines on banks and non-banking financial institutions is carried out through a specialized committee in this bank that bases its work on Central Bank Law No. (56) of the year (2004) and Banking Law No. (94) of (2004) and the instructions and controls that regulate banking operations, in view of the bank or non-banking financial institution’s violation of these laws, instructions and controls, noting that the purpose of imposing fines on banks and non-banking financial institutions is to prevent them from committing Violations of the laws mentioned above and the instructions issued pursuant to them to protect them and ensure their safety and the safety of the financial sector in general.
with respect.
central bank
Oh Iraqi
Drains
a. Dr.. Ammar Hamad Khalaf
Deputy Governor Agency 5/13/2024
Al-Nujaba: There is no solution to the American presence in Iraq except through “military jihad”
Today , Sunday, Al-Nujaba Movement identified a single solution to end the American presence in Iraq.
The movement stated in a statement received by Al-Youm Al-Akhbariya: “We congratulate the brothers in the Sayyid al-Shuhada Brigades on the rise of the Mujahid Abdullah Razzaq Anoun al-Safi as a martyr following a brutal American attack.”
She continued, "This targeting and previous American terrorist operations confirm, beyond doubt, the validity of what the Al-Nujaba Movement has repeatedly declared, that the presence of these occupying forces is a hostile combat presence whose job is to protect the interests of the American and Zionist occupation."
Al-Nujaba continued her statement: "We affirm the continuation of our jihadist work." Military, which we consider to be the only solution that limits and ends the existence of the occupation.”
The Ministerial Council for the Economy decides to hold a session in the Kurdistan Region to resolve the outstanding problems
The Iraqi Ministerial Council for the Economy decided, on Monday, to hold a special session of the council, in the Kurdistan Region, to resolve all outstanding economic problems with the participation of all economic formations in the federal and regional governments.
This came during a meeting held under the chairmanship of Foreign Minister Fouad Hussein, the 18th session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, and the Prime Minister’s advisors for economic and legal affairs. Chairman of the Securities Commission, and Undersecretary of the Ministry of Oil.
The Council discussed, according to a statement received by Shafaq News Agency, the items on its agenda and took the necessary decisions regarding them, and approved the Ministry of Transport’s request to refer a project to extend a railway between the city of Basra and the Shalamcheh port, as far as financial powers are concerned.
The Council approved the national lending strategy after the Governor of the Central Bank presented a brief on the strategy and what the bank implemented during previous lending initiatives. It also decided to hold a special session in order to discuss all opinions, ideas and proposals related to maximizing the state’s non-oil revenues.
The Council agreed, according to the statement, for the General Company (UR) affiliated with the Ministry of Industry to purchase the damaged and damaged cables and wires from the Ministry of Electricity and all their assortments for a price to be agreed upon between the two parties.
The Council reviewed the technical report prepared by the Ministry of Commerce on the reality and work of private mills, and decided to support the Ministry’s measures to improve the quality of flour production provided to citizens, as well as to approve the transfer of ownership of the mills.
The Council also agreed to cancel the withdrawal of work from the company executing the contract to prepare (16) spherical tanks so that the completion rates reach the final stages. The Council also decided, upon the request of the Ministry of Agriculture, to open the import of winter crops (lahana, cauliflower, lettuce, turnips, and beets).
US warns of Iranian response to potential Israeli military action in Lebanon
The Chairman of the US Joint Chiefs of Staff, General C.Q. Brown, cautioned on Monday that any Israeli military operation in Lebanon could provoke an Iranian response, potentially escalating into a broader conflict that might endanger US forces in the region.
General Brown noted that Iran is likely to increase its support for Lebanon's Hezbollah, especially if Tehran perceives a significant threat to the group. "Iran is already backing Hamas fighters in Gaza, but they will provide even greater support to Hezbollah if they feel Hezbollah is under significant threat," Brown told reporters while en route to Botswana for a defense ministers' meeting.
Israeli officials have recently threatened military action in Lebanon should negotiations fail to keep Hezbollah away from the border. The Israeli military has reportedly authorized plans for an attack on Lebanon, despite US efforts to de-escalate months of cross-border hostilities and prevent them from spiraling into a full-scale war.
Israeli Prime Minister Benjamin Netanyahu expressed hope for a diplomatic resolution but stated on Sunday that he would "solve the problem differently" if necessary. "We can fight on multiple fronts, and we are prepared to do so," he affirmed.
Earlier, Yuli Edelstein, head of the Knesset's Foreign Affairs and Defense Committee and a member of the Likud party, indicated, "We are not in a suitable position to fight on both the southern and northern fronts simultaneously. We will need to deploy differently in the south to be able to fight in the north," Edelstein told Israel Army Radio on Sunday.
Edelstein also criticized a video posted by Netanyahu last week, which sparked a disagreement with the White House, accusing the US administration of withholding weapons and ammunition from Israel.
The Biden administration had suspended a shipment of 2,000-pound and 500-pound bombs to Israel in May due to concerns about their potential use in densely populated areas in Gaza. Nonetheless, Israel is still slated to receive billions of dollars in US arms.
"I hope the discussions behind closed doors achieve much more than the pressure attempts using videos," Edelstein remarked, referring to Israeli Security Minister Yoav Gallant's upcoming visit to Washington.
The Ministerial Council for the Economy approves the national lending strategy
During its eighteenth session held today, Monday, the Ministerial Council for the Economy approved the national lending strategy.
The media office of the Ministerial Council for Economy stated, in a statement received by the Iraqi News Agency (INA), that “Deputy Prime Minister and Minister of Foreign Affairs and Chairman of the Ministerial Council for Economy Fouad Hussein chaired the eighteenth session of the Ministerial Council for Economy, in the presence of the Deputy Prime Minister and Minister of Planning and the Ministers of Finance, Trade, Agriculture and Industry.” Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Prime Minister’s advisors for economic and legal affairs, the Chairman of the Securities Commission, and the Undersecretary of the Ministry of Oil.”
The statement added, “The Council discussed the items on its agenda and took the necessary decisions regarding them, and approved the Ministry of Transport’s request to refer a project to extend a railway between the city of Basra and the Shalamcheh port as far as financial powers are concerned.”
According to the statement, the Council approved “the national lending strategy after the Governor of the Central Bank presented a brief on the strategy and what the bank implemented during previous lending initiatives,” deciding “to hold a special session in order to discuss all opinions, ideas, and proposals related to maximizing the state’s non-oil revenues.”
The Council approved “the Ur General Company affiliated with the Ministry of Industry purchasing the damaged and damaged cables and wires from the Ministry of Electricity and all its formations for a price agreed upon between the two parties,” deciding “to hold a special session of the Ministerial Council for the Economy in the Kurdistan Region to resolve all outstanding economic problems with the participation of all Economic formations in the federal government and the regional government.
He reviewed "the technical report prepared by the Ministry of Commerce on the reality and work of private mills," deciding to "support the Ministry's procedures in order to improve the quality of flour production provided to citizens, as well as approving the transfer of ownership of the mills."
He decided to "agree to cancel the withdrawal of work from the company executing the contract to furnish (16) spherical tanks until the completion rates reach the final stages."
It was also decided, based on the request of the Ministry of Agriculture, “to open the import of winter crops (lahana, cauliflower, lettuce, turnips, and beets).”
NEXT STEP FOR BUDGET SCHEDULES
Parliamentary recommendation for Finance and Planning to launch instructions for implementing budget schedules
Today, Tuesday, the Parliamentary Finance Committee recommended the Ministries of Finance and Planning to release instructions for implementing the 2024 budget schedules, while indicating that all appeals are normal and did not rise to the rejection of some paragraphs.
Committee member Nazem Al-Shibli said, “The budget is effective after its publication in Al-Waqa’i newspaper, but it needs instructions issued by the Ministries of Finance and Planning in order for it to be clearly implemented in the ministries, agencies, and governorates,” explaining that “the budget is not devoid of complaints and appeals every year, but the court It is the one who decides the authority to implement or legislate.”
Al-Shibli added, “The court will hear all appeals,” pointing out that “the budget is subject to appeal if any party objects to a part of it,” noting that “all appeals are normal and do not rise to the rejection of some paragraphs.”
here's a different version
Parliamentary Finance: There is no real deficit in the general budget and its schedules
The Parliamentary Finance Committee confirmed that there is no real deficit in the tables of the general budget law approved by the House of Representatives.
The Vice-Chairman of the Committee, Ikhlas Al-Dulaimi, said in a statement to the National Iraqi News Agency ( NINA ), that “the existence of a deficit in the budgets is within the usual ceiling, and this is called a planned deficit, not a real deficit that is not being implemented. Therefore, in this 2024 budget, the value of the deficit was 64 trillion dinars.” .
She added, "The House of Representatives approved the 2023 budget worth 199 trillion dinars, in which the actual expenditure to date amounted to approximately 150 trillion dinars, and therefore 49 trillion dinars is a planned deficit."
The Vice-Chairman of the Finance Committee confirmed, “The government and the Ministry of Finance addressed that deficit through the difference in the price of a barrel of oil, which the budget estimated at $70 and is currently sold for about $80, meaning a total of 16 trillion dinars, in addition to treasury bonds worth 20 trillion dinars and loans worth 5 trillion dinars.” And a set of measures will cover the value of the deficit, and this was attached to the budget tables sent by the government and approved by the House of Representatives,” indicating that “there was no real deficit in the general budget and its tables, but it was only a planned deficit.”
today jun 26 24
The United States is not satisfied with Sudanese’s performance and has doubts about his ambition for a second term
Political analysts revealed the United States’ dissatisfaction with the performance of Prime Minister Muhammad Shiaa al-Sudani in dealing with the armed factions. They stressed that the statements of the new US ambassador, Tracy Jacobson, are not just media statements, but rather reflect real trends in US policy towards Iraq.
The writer and political analyst Dr. said: Ghaleb Al-Daami, in the Al-Thama program with Ahmed Al-Tayeb, said, “The United States is striving to end the armed factions, while the Sudanese government is trying to stay away from direct conflicts.” Al-Sudani did not issue harsh statements towards any party, which reflects his cautious stance. However, the Sudanese government represents the coordinating framework and the factions under it, which further complicates its political position in this context.”
For his part, political analyst, Talib Muhammad Karim, explained in the same program, “Jacobson’s statements are not just informational, as they occurred within an official report submitted to the Senate. Indicators of the upcoming US elections suggest that Trump will return to the White House. Washington’s talk about the threat of ISIS reflects advanced intelligence information, and the American view of Iraqi politicians is not at the desired level, given the division of the political decision according to different readings and ideologies.”
In turn, political analyst Yassin Aziz stated, “The United States is not satisfied with Sudanese regarding dealing with the armed factions. The government is unable to control the rhythm of the factions that believe in the unity of the fields, and two days ago, American aircraft targeted trucks smuggling weapons from Iraq to Syria.”
Aziz pointed out that “the Sudanese ambition for a second term is not an easy matter, and a prime minister cannot come without the consent of the United States.” Although the region’s relationship with the United States went through a period of coolness in the past, current indicators indicate that Lebanon is turning into an arena for a future military confrontation.”
Sudanese ambitions for the second term
Prime Minister Muhammad Shiaa Al-Sudani's ambitions for a second term face major challenges in light of the United States' dissatisfaction with his performance. The Sudanese seeks to achieve stability and avoid internal conflicts, but faces great pressure from the armed factions and the coordination framework that represents part of his government.
While Sudanese appears to be trying to achieve a delicate balance between local and international powers, analyzes indicate that this balance will be decisive for his political future. The satisfaction of the United States is a crucial factor for any Iraqi prime minister seeking to remain in office, and without achieving this satisfaction, Al-Sudani’s chances of obtaining a second term remain weak.
Moreover, Ambassador Jacobson's statements and the strict American position towards the armed factions reflect that the United States is prepared to take firm steps to ensure the stability of Iraq in accordance with its vision. This position puts the Sudanese government in a difficult position between meeting internal and external requirements.
In conclusion, the Sudanese must strengthen his negotiating capabilities and work to strengthen internal and external political alliances to achieve his ambitions for the second term, by providing practical and effective solutions to confront the challenges plaguing Iraq.
Southern anger escalates... protests and closure of government headquarters
Several Iraqi governorates witnessed, on Wednesday morning, demonstrations demanding the provision of basic services, including water and electricity.
In a new escalation of protests in Dhi Qar Governorate, demonstrators closed the governorate’s office building and its council, until demands were met, according to video scenes obtained by Shafaq News Agency.
As for Babylon, dozens of residents of the Khamisiyah and Al-Ghazali areas demonstrated in front of the Babylon Governorate Office, to demand the provision of water to their areas, which suffer from unprecedented scarcity.
The water crisis forced residents to abandon their areas and the agricultural and livestock wealth in the most important agricultural areas south of Babil Governorate was completely destroyed.
The capital, Baghdad, woke up to the launch of two demanding demonstrations in Tahrir Square and in front of the Provincial Council building.
According to Shafaq News Agency correspondent, dozens of “whose appointments were canceled and those fleeing from the Ministry of Defense” gathered in Tahrir Square, to demand their return to service.
In a second demonstration, dozens of educators and administrators gathered near the Baghdad Provincial Council, to demand the issuance of an appointment order for them.
Iraq has been suffering from a chronic electricity shortage for decades, as a result of the siege and successive wars, and residents have been protesting for many years the frequent power outages, especially during the summer, when temperatures sometimes exceed the 50 degree Celsius barrier.
Al-Sudani receives US Ambassador Alina Romanowski
Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani received the Ambassador of the United States of America to Iraq, Alina Romanowski.
A statement from the Prime Minister’s Media Office stated in a statement received by Mawazine News, “During the meeting, they discussed the course of the dialogue being conducted by the Supreme Military Committee, concerned with ending the coalition’s mission, and ways to resolve this dialogue to reach an agreement on a timetable for implementation.”
He added, "The meeting witnessed a discussion of developments in the regional and international situation, the course of events in Gaza, the suffering of our Palestinian people as a result of the continued aggression, the dangers of the expansion and spread of conflict in the region, and the responsibility of major countries and international and international organizations in stopping the tragedy of civilians throughout the Palestinian territories."
What is the importance of Iraq joining international agreements?
The Chairman of the National Investment Commission, Haider Makiya, stressed today, Wednesday, the importance of Iraq joining international agreements to enhance the investment sector, noting that Iraq has provided real guarantees to attract foreign investments.
a little different but very similar
Sudanese Advisor: The government has adopted legal systems to provide safety for the investor
Advisor to the Prime Minister for Transport Affairs, Nasser Al-Asadi, confirmed that the Iraqi government has adopted the latest legal systems to provide safety for the investor, pointing to the importance of the Singapore Agreement on Mediation for developing and resolving commercial disputes.
Al-Asadi said in his speech during the launch of the National Investment Commission conference in cooperation with the United Nations Development Program, representing the Prime Minister, that holding a conference and celebration of joining the Singapore Agreement comes in conjunction with the achievements of the National Investment Commission in attracting foreign investments and providing reassurance to the citizens of investing countries that there are alternative means to a solution. Commercial disputes away from the corridors of the courts, which require complexity in judicial procedures and a long duration, which constitutes an obstacle to Iraq’s comprehensive renaissance in the reconstruction of infrastructure at this important stage in the lives of the Iraqi people, in which achievements are continuing at the levels of investment, reconstruction and construction, stressing that Iraq has officially signed the The Singapore Agreement on Mediation, and that this is an important step in developing and resolving commercial disputes in Iraq.
He added that the aforementioned agreement was approved on December 20, 2018 and opened for signature in August 2019. It represents an international category that aims to facilitate international trade and promote mediation as an alternative and effective method for settling commercial disputes. It also provides a unified legal framework and contributes to achieving stability for the framework. International mediation, and is applied to international settlement agreements, which contributes to facilitating the movement of international trade.
He explained that the mediation system saves effort, time and money and also aims to reduce the intensity of hostility between opponents and continue contractual relations away from quarrels. It is a flexible system characterized by preserving the financial positions of commercial institutions as it is a system characterized by freedom.
He stressed that the Iraqi government, since its formation, has sought diligently to adopt the latest legal systems that provide security for the investor, and what was stipulated in the government program is a comprehensive development renaissance that aims to achieve peace between the commercial parties contributing to the reconstruction of Iraq.
He concluded his speech by saying that the Iraqi government appreciates the good efforts and the role of the United Nations and the European Union and their assistance in returning Iraq to its proper status and its integration with the international community.
Analysis: War between Israel and Hezbollah will occur and its ramifications will affect Iraq
A senior researcher at the Al Jazeera Center for Studies, meeting with Makki today, Wednesday, suggested that war would break out between Israel and Hezbollah, indicating that Iraq may be in the eye of the storm, and this depends on the behavior and positions of the factions.
Makki stated to “Jarida” that “extensions of the war will afflict Iraq, and it may become in the eye of the storm, and this depends on the behavior and positions of the factions. It is estimated that the factions will take the initiative to support Hezbollah in the war, and forces from them may head to Lebanon, some of which may arrive and others may arrive.” It is being bombed on the way, and infrastructure may also be bombed on the border, and perhaps inside Iraq, especially if the missile bombardment of Israel continues.”
“There are also possibilities of broad American intervention in the war, and there may be reactions against American interests and bases in Iraq, and thus we will enter a different context of violence,” he added, explaining that “if the war starts, its extent cannot be determined, and if Hezbollah is exposed to a serious threat of destruction, Iran will spare no effort to help it, even if it intervenes itself, because without it the entire Iranian project would not exist. This is another possibility, which is direct Iranian intervention, and here Iraq will be in the middle of the storm from all directions.”
Makki concluded by saying, “If the war occurs, and it will most likely occur, it will be zero-sum, and nothing will remain the same after it. One of the two sides will end, or almost.”
Sudanese sets next September as the date to end dealing with the paper system at customs
The office of Prime Minister Muhammad Shia Al-Sudani announced today, Wednesday, the approval of next September as the date to stop dealing with the paper system and work electronically at customs.
The Prime Minister’s Media Office said, in a statement received by Al-Youm Al-Akhbariya, that “the Prime Minister chaired a meeting to follow up on the implementation of networking between border crossings, and to complete the implementation of the Customs Automation System (ASYCUDA) to discuss several topics, including the briefing on the implementation of the second phase of the ASYCUDA system, and the phase The first is a system for managing border ports and completing network connectivity, in addition to a system for monitoring trucks and their weights on the roads without stopping them.”
Al-Sudani stressed "the importance of this file in various economic, administrative, supervisory and technological aspects, and its implications for maximizing non-oil treasury revenues, activating sectors and simplifying procedures, all of which represent an essential part of the economic reform priorities contained within the government program."
The statement continued, "The meeting witnessed the approval of next September as a date to stop dealing with the paper system and work with the electronic system in customs, in addition to directing the Prime Minister to hold a workshop to follow up and draft the draft customs law, as well as follow up on the link between the Central Bank of Iraq and private banks, and support the networking system." and border crossing management.
He stated that "the meeting decided to strengthen the work of the General Authority of Customs with expertise through specialists and technicians from the Ministry of Higher Education and Scientific Research, in the field of computers and e-government."
- Parliamentary Law: Laws awaiting legislation in the next legislative term
Today, Wednesday, the Parliamentary Legal Committee revealed the laws that could be enacted during the next legislative term, while confirming that the drug and drug laws are at the top of these laws.
Committee member Raed al-Maliki told the Maalouma Agency, “There are many important laws waiting to be passed during the next legislative term, most notably the drug, landlord, and intelligence laws.”
He pointed out that "service and economic laws will see the light of day, noting that there are some proposals submitted by representatives that will be included on the Council's agenda during the next legislative term."
He continued, “There is a desire to pass the service and retirement law for members of the Popular Mobilization Forces, in addition to amending the Personal Status Law.”
Parliamentary law challenges the “2024 budget schedules” and the federal government is awaiting an answer within 15 days
Today, Wednesday (June 26, 2024), a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, revealed that an appeal had been filed by a member of the Legal Committee in Parliament against the approval of the 2024 budget tables.
Al-Kadhimi told “Baghdad Today” that the appeal was submitted “on the pretext that the numbers mentioned in the budget items will change, and thus this is considered a change to the law and requires the enactment of a new law with a first and second reading, and final approval.”
He pointed out, "Another objection to changing the financing of oil producing companies from self-financing to central financing, and this matter is considered another piece of legislation that cannot be included in the budget tables."
Al-Kadhimi pointed out, “The Federal Supreme Court referred this case to the Presidency of the House of Representatives and requested an answer within 15 days.”
New 235-page Report on the Security Situation in Iraq
The European Union Agency for Asylum (EUAA) has published a new report providing an overview of the security situation in Iraq from February 2023 to March 2024, focusing on information relevant for international protection.
It examines the nature of armed conflicts taking place in the territory, the nature of the violence and presence of armed actors in different areas, and the impact on civilians, for example in terms of casualties/fatalities and conflict-linked displacement.
The report is divided into two chapters:
No comments:
Post a Comment