Dinar Recaps

View Original

Iraqi News and Highlights Early Sunday 8-2-20

Iraqi News and Highlights Early Sunday 8-2-20

TLM724 Administrator BondLady’s Corner

Dissolution of Parliament and interpretation of Article 64 of the Constitution

Faisal Rikan139 2020-08-02  Legal expert, Faisal Rikan || Article 64 of the constitution, unfortunately, is loose as it is many articles of the constitution. Therefore, it accepted more than one interpretation, and this is the problem of the permanent Iraqi constitution, because it was not written by a professional hand, and its articles were not subject to a scrutiny by a legal and linguistic committee with a high degree of professionalism to write it in a strong linguistic and legal formulation. More than one explanation.

Therefore, today we find a strong disagreement among the law experts on the interpretation of the clause or the security of Article 64 regarding the dissolution of the House of Representatives. They were divided into two groups. The first of them says that the dissolution of the House of Representatives takes place through the absolute majority of the members of the House, while others believe that the dissolution of the House can be done by an absolute majority of its members.

See this content in the original post

At the request of one third of the members, or with the approval of the President of the Republic, upon the request of the Prime Minister. I have the ability to redraft this paragraph related to dissolving the council if I want it to be the decision of the dissolution of the absolute majority only to write it in the following form:

http://burathanews.com/arabic/articles/373843

Messenger: The Relationship With The Coalition Is Based On 3 Fundamentals

Time: 08/02/2020 16:05:19 Reading: 494 times  {Baghdad: Al Furat News} A spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasoul, confirmed today, Sunday, that Iraq will continue to work jointly with the international coalition in accordance with the strategy set by the government.

"The relationship between the Iraqi armed forces and the international coalition is based on three principles: training, equipping, equipping," Rasul said in a tweet on Twitter.

He added, "We will continue to work together according to the strategy laid down by the Iraqi government."

The Deputy Commander of the International Coalition Forces, US General Kenneth Eckman, announced on July 22 that the coalition has already handed over a number of military bases to the Iraqi army, the last of which is the Bamaya site south of Baghdad.

He added that US forces, which make up the bulk of the coalition force in Iraq and Syria, would be reduced "slowly and in close coordination with the Iraqi government."  LINK

The Dollar Is Settling In Iraq Today

Time: 08/02/2020 11:27:28 Read: 4,810 times  {Baghdad: Al Furat News} Foreign currency markets in Iraq recorded, today, stability in the exchange rate of the US dollar against the Iraqi dinar.

The selling and buying prices of the dollar in banking companies and offices were as follows:

The selling price of one dollar is 1240 dinars, or 124 thousand dinars per hundred dollars.

The purchase price of the dollar is 1230 dinars, or 123 thousand dinars per hundred dollars. LINK

See this content in the original post

Customs Achieved More Than 76 Billion Dinars During The Month Of July

Time: 08/02/2020 09:48:01 Reading: 1,911 times  {Baghdad: Al Furat News} The General Authority of Customs announced that its total revenues accrued during the month of July, which amounted to more than (76) billion dinars.

She added in a statement received by {Al Furat News} that "this number was achieved despite the zeroing of customs duties on a lot of goods and the lack of imports due to the closure of most of the border outlets due to the Corona pandemic."

The authority said that "and in light of the difficult economic and health conditions that pass through our dear country, its cadres working in all districts and customs centers continue to contribute effectively to help us to their people and their country, united with all challenges and obstacles to work to advance their work and achieve the highest revenues, boosted by the state treasury billions of dinars per day." .

And she continued, "It has contributed to facilitating the entry of thousands of shipments of medicines, medical supplies and food around the clock, day and night, and through direct efforts and follow-up by the higher management in the authority in order to facilitate the smooth entry of consignments into the country for basic and food materials, especially human medicines, to deliver them to the consumer in light of the current crisis." ".  LINK

Specialists: Kurdistan Oil Covers 70% Of Israel's Needs

Reports  Economy News - Baghdad:  Specialists confirmed that the Kurdistan region's oil covers Israel’s needs by 70% at very low prices, in exchange for support from the Jewish lobby in America for the Kurdish issue .

While Iraq considers the Zionist entity an occupied country and is prohibited from dealing with it, the Kurdistan Democratic Party - which runs the region's government - accused political parties of raising the issue of the relationship with Israel .

A high-ranking source in the Iraqi government said that the Federal Ministry of Oil filed a lawsuit in the year 2014 against the Ministry of Natural Resources in the Kurdistan Regional Government of Iraq for exporting the oil produced in the region and Kirkuk without the approval of Baghdad and in violation of the constitution, and several sessions were held, but so far no decision has been issued .

He pointed out that the parties to the conflict are the prime minister and the oil and finance ministers from the Baghdad government, while the Kurdistan region of Iraq was represented by the prime minister and the minister of natural resources .

According to the source, the former Finance Minister Fouad Hussein was looking for a political solution, while the Federal Oil Minister was willing to issue a decision in his favor, indicating that the Federal Court decided to rely on the live answer by sending everyone his answers to the court instead of adopting the legal client .

The source confirmed that the former President of the Kurdistan Regional Government of Iraq, Nechirvan Barzani, sent his letter and confirmed that the region has the right to export oil, as well as all other parties except for the former Prime Minister Adel Abdul-Mahdi, who was evading sending the answer under false pretenses, in order to maintain his relations with Iraqi Kurdistan .

See this content in the original post

The source indicated that the current government will not open this file in the Federal Court because of its good relations with the Kurdistan region of Iraq, which makes the Federal Court keep the invitation open until a response is received from the Prime Minister to decide .

The source pointed out that there is not yet a political party that supports opening this file because of the need of all political blocs from the Shiites and Sunnis to the Kurds, especially since the majority of them are looking for political solutions .

On the other hand, the Kurdish MP in the Iraqi parliament, Ahmed Al-Hajji, said that the Kurdistan region exports its oil in accordance with Article 121 of the constitution, which grants the region the right to amend the application of the federal law in the absence of an oil and gas law, in addition to Baghdad’s approval to export the Kurdistan region's oil through budgets. The financial approved by Parliament every year .

Al-Hajji expressed his belief that Islam does not prohibit commercial and social relations with the Jews, and that what matters for the Kurdistan region is the sale of its oil to any country, whether Arab or foreign, especially as there are Arab countries that have embassies to Israel, explaining that some companies that buy oil for the Kurdistan region have shares To Israeli companies .

On the other hand, Hazem Al-Khalidi, deputy for the National Approach, called for the necessity of ending the file of exporting oil from Kurdistan to the countries of the world and making it confined to the Iraqi Oil Marketing Company (SOMO), noting that the export of Kurdish oil to Israel will make all parties under legal accountability .

Al-Khalidi said that the Kurdistan Region over the past years caused great financial losses to the center’s government, which exceeded 128 billion dollars, due to his lack of participation in supporting the federal budget and taking money from the center’s government .

In turn, Masoud Haider, advisor to the President of the Kurdistan Democratic Party, said that oil in every country is sold to international companies and enter through these companies to the global market, and that the Kurdistan region of Iraq displays its oil in this market .

He added that the accusations of selling Iraqi Kurdistan oil to certain countries are for political purposes, and that the region deals with Israel or any other country according to Iraq’s foreign policy, as the Kurdistan region is within the federal federal Iraq, considering that there are many Arab countries that have trade relations and agreements with Israel .

According to the statements of the Baghdad government, the production of the Kurdistan region of Iraq ranges from 600 thousand to 750 thousand barrels per day, of which 500 thousand barrels per day or more are exported to several countries, including Turkey, Greece and Israel .

How to transport oil to Israel?

Meanwhile, researcher and journalist Abdullah Hawiz said that Iraqi Kurdistan oil is exported to several countries, including Israel, indicating that 80% of Iraqi Kurdistan oil was purchased by Israel in the year 2018 .

He added that Iraqi Kurdistan oil sold to Israel ships by downloading it, and when it reaches the Mediterranean Sea before entering the Israeli waters, the name will be changed so that monitoring the ship will be very difficult .

In turn, the oil expert Hamza Al-Jawahery agrees with Hawiz, saying that 70% of Israel's oil needs are obtained from the Kurdistan region of Iraq at very low prices, noting that the Kurdistan region of Iraq gives Israel discounts of up to a third of the price of a barrel .

Al-Jawahiri pointed out that the goal of the Kurdistan region of Iraq from selling oil to Israel is to obtain the support of the Jewish lobby in America to support the Kurdish issue against the decisions of the federal government, noting that the Iraqi constitution in its articles 111, 112 and 110 prohibits the export of any oil or other strategic goods, but rather limits it Only the federal government.  Source: Al-Jazeera Net  Number of views 48 Date added 02/08/2020  https://economy-news.net/content.php?id=21249

See this content in the original post

Iraq Confirms Its High Commitment To OPEC Decisions To Cut Production

Energy  Economy News _ Baghdad  Iraqi Oil Marketing Company "SOMO" confirmed, on Sunday, that Iraq is committed to OPEC decisions on the reduction.

The director of the company, Alaa Al-Yasiri, said in a press interview seen by "Al-Iqtisad News", that "Iraq is committed to what was agreed upon with OPEC countries and the countries that come with it."

Al-Yasiri added that "the high commitment of Iraq that was recorded to last June and July and what the current Lap plan is is the best evidence that the Oil Ministry, despite the great challenges, is continuing to achieve the highest commitment to reduce production."

Al-Yasiri pointed out that "the commitment would restore balance in the oil market and put prices again at their fair values ​​for producers and consumers alike. This goal will gradually cast a positive shadow on the country's financial returns from the source of its main financial budget, which is oil."

A Reuters survey on July 31 indicated that Iraq’s oil production rose in July, despite Baghdad’s pledge to cut supplies in compliance with the OPEC + agreement to support prices.

It is noteworthy that OPEC + agreed to reduce production by 9.7 million barrels per day since May, equivalent to 10% of global supplies after the virus canceled a third of global demand.  Number of views 36 Date added 02/08/2020   https://economy-news.net/content.php?id=21247

Canceling Flights Between Iraq And Turkey

Money and business  Economy News - Baghdad:  The Civil Aviation Authority has decided to cancel the flights from Iraq to Turkey after suspending flights between the two countries for a month as a result of the increase in the number of Corona virus infections in Iraq.

The cancellation of Turkey's decision came a day after the suspension of flights between Iraq and Kuwait, which the latter issued Farman.

The Civil Aviation Authority said in a press statement received by "Al-Iqtisad News", "The Iraqi Civil Aviation Authority would like to show the honorable travelers that the Turkish Civil Aviation Authority has suspended its flights to and from Iraq with recommendations from the Turkish Ministry of Health until the first of next September."

" Regarding the travel procedures for our Iraqi citizens for the purpose of their return from Turkey to Iraq, it will be through diplomatic channels between the two countries

The Turkish authorities, yesterday, refused to allow the Fly Baghdad plane to land at the Sabiha Turkish Airport on the pretext of not obtaining approval.

Iraqi Airways decided to cancel its flight to Istanbul tomorrow.

Iraqi Airways said in a brief statement, which was received by "Al-Iqtisad News", referring to the report received by us from the Iraqi Civil Aviation Authority to cancel the flights to Turkey, and therefore the flight to Istanbul was canceled tomorrow.

Iraqi Airways announced its apology for this matter, which is beyond its control.

A few days ago, Iraqi Airways faced a wave of anger because of the delay in taking off its plane to Beirut, after a number of passengers were late.   Views 284 Date added 02/08/2020   https://economy-news.net/content.php?id=21248

 

To read more current and reliable Iraqi news please visit BondLady’s Corner:  

https://www.bondladyscorner.com/

See this content in the original post