Iraq News Highlights From BondLady’s Corner
Iraq News Highlights From BondLady’s Corner
TLM724 Administrator
The judiciary sets a date for trying Al-Issawi on corruption charges
Follow-up on Tuesday, June 30, 2020 Today, Tuesday, the Supreme Judicial Council announced that a date will be set for the trial of former Finance Minister Rafi al-Issawi on administrative corruption cases.
The council said in a statement that it is because of the opposition of the former finance minister, Rafie al-Issawi, to the absent judgments issued against him in cases of administrative corruption, and given his surrender and according to the provisions of Article (247) of the Criminal Procedure Law, his objection was accepted and he was released on bail as guarantor and set a date for his trial again.
The statement added that the court will review the facts and evidence of the case and discuss it with the administrative and investigative authorities in the presence of the accused and the defense attorney, and for the bodies that submitted the complaint according to an open public trial in accordance with the law.
The end of Masrour Barzani's meeting with the negotiating delegation in Baghdad to resolve the outstanding problems ... What are the results?
Baghdad Post Tuesday, June 30, 2020 The head of the Kurdistan Regional Government, Masroor Barzani, met today, Tuesday, June 30, 2020, with a delegation of discussions with the federal government, through a closed-circuit television system (video conferencing).
A government statement stated that at the beginning of the meeting, Deputy Prime Minister Qubad Talabani highlighted the visit made by the Kurdistan Region delegation to Baghdad last week, the results of discussions with the federal government and the proposals put forward to resolve outstanding problems between the two sides.
The statement quoted Barzani as saying that the Kurdistan region will continue its discussions with Baghdad with the aim of reaching an agreement that guarantees its constitutional rights and entitlements, stressing that the Kurdistan Region is determined to defend its legitimate rights within the framework of the Iraqi constitution, and will not give them up at all.
On Tuesday, the regional government delegation, headed by Qubad Talabani, Deputy Prime Minister of the region, visited the capital Baghdad, the third of its kind, with the aim of completing previous discussions on resolving differences and outstanding issues with the federal government.
And preceded the visit of the delegation of the region’s government, a visit by the President of the Kurdistan Region, Nechirvan Barzani, in which he met the three presidencies, leaders of the forces and political parties in Baghdad.
And previously, the delegation of the regional government held two visits to the capital, Baghdad, after the previous federal government headed by Adel Abdul Mahdi stopped financing the salaries of employees and workers in the public sector in Kurdistan.
The differences and pending issues between Erbil and Baghdad are based on the region’s share of financial budgets, peshmerga dues, oil exports, and the disputed territories covered by Article 140 of the permanent Iraqi constitution.
The Kurdistan Regional Government has expressed, on numerous occasions and times, its willingness to deliver 250,000 barrels of crude oil per day in exchange for the Iraqi government’s funding of 450 billion Iraqi dinars in monthly salaries.
Deputy: There is no time for Parliament .. and important laws will be transferred to the next session!
Baghdad Post Tuesday, June 30, 2020
Deputy Ali Al-Badiri ruled out the approval of important bills during the coming period, stressing: "The conditions the country is going through will make the legislative authority focus on three main aspects."
Al-Badiri said in a press statement: "The work of the parliament will be confined during the coming period to the issue of the financial crisis, the issue of Corona and the economic crisis." .
He added: "the remaining time does not permit the inclusion of important laws and legislation on the agenda of the Council acts, in light of preoccupation with the legislative and executive branches of a pandemic Corona."
Parliamentary Finance: We do not know the reasons for the late payment of salaries to employees despite the availability of liquidity
June 30, 2020 Direction / Baghdad Member of Parliamentary Finance Committee Ahmed Al-Saffar confirmed that the reasons for delaying the payment of employee salaries are unknown, despite the availability of financial liquidity.
Al-Saffar said, "The salaries were supposed to be spent since the passage of the internal and external borrowing law because the law is in effect from the time of the official vote on it."
He added, "The financial liquidity is in the banks, but the parliamentary finance is not yet aware of why the Ministry of Finance was late in spending it."
A slight decrease in oil due to two influencing factors
June 30, 2020 at 9:20 am Direction / follow Oil prices fell, on Tuesday, in the Asian markets slightly due to the increased spread of the Corona virus in several countries, and the possibility of reaching an agreement in Libya that results in the return of part of the Libyan oil to the markets.
The Libyan National Oil Company said yesterday that it had made progress in discussions with neighboring countries to lift the ban on oil exports imposed by Haftar's forces.
However, traders and analysts expected a drop in commercial crude oil stocks, preventing prices from falling further, as the American Petroleum Institute data will be released later today after the markets closed, and the Energy Information Administration data tomorrow morning.
Oil prices rose yesterday due to the increase in home sales in the United States, which indicates an improvement in economic growth
https://www.bondladyscorner.com/t208096-a-slight-decrease-in-oil-due-to-two-influencing-factors
Al-Sudani provides solutions to Al-Kazemi’s government out of Iraq’s financial crisis
Follow-up Tuesday, June 30, 2020 4:02 PM Independent deputy, Mohamed Shi'a Al-Sudani, presented solutions to Mustafa Al-Kazemi's government out of the financial crisis in Iraq .
"In light of the challenges facing the country, the government has a set of urgent measures in place to enable it to fulfill its obligations, specifically in front of employees, retirees, social welfare, processing of the ration card and the benefits of the crisis cell in relation to confronting Corona virus," he said in a statement.
He stressed that "the important part of the economic reforms is to collect customs tariff fees and protect the product while controlling the window of currency sales from the central bank in which the sale reached large numbers, including 240 million dollars sold in one day."
"To whom was this money directed? What imports could come to Iraq in light of the economic downturn the entire region is going through?" Al-Sudani asked.
Why are there no tax and customs deductions before the dollar is spent to secure the right of the state? It is not possible to sell the dollar without revenue to the state treasury and without deduction of fees and taxes. "
Al-Sudani pointed out, "There is another economic perspective, which is we have made sure that the agricultural and industrial private sector does not rise in light of imports from official and unofficial outlets and in the absence of full control over the ports and the absence of standardization and quality control of the goods entering and in the absence of taxes and fees. From them, it is certain that the prices of imported goods and products will crowd out the national product, and all this requires reform steps to maximize revenues. "