Iraqi News Highlights Sunday Late Evening 6-11-23

Iraqi News Highlights Sunday Late Evening 6-11-23

Tlm724 Administrator Bondlady’s Corner

A Parliamentarian Announces A "Victory" For The Local Industry In The Iraqi Budget

Economy    Breaking    Public budget    Iraqi parliament    Iraqi industry  2023-06-11   Shafaq News/ The Parliamentary Labor and Social Affairs Committee described today, Sunday, the parliament's vote for Article 32 of the public budget as "a victory" for the local and industrial industry, while  the Iraqi Industries Union called for supporting and implementing this article.

The Chairman of the Committee, MP Hussein Arab, said during a press conference held in the Parliament Building, and was attended by a correspondent of the Shafaq News Agency, that the

House of Representatives voted on Article 32 first and second, which concerns the national and local industry, giving some privileges to government and mixed companies, and exempting some customs matters from the raw materials included in the Iraqi industries.

Arabs added that Article 32 Second obliges all ministries and institutions that are not related to the Ministry, Governorates and Sectors to buy their needs from the national local industry and the mixed private and government sector.  He added, that

this is a victory for the local and industrial industry, where the article has been voted on and

we hope that there will be a response from the ministries and bodies that are not related to a ministry, and

we also hope that there will be cooperation between the Iraqi Industries Union and government sectors.

For his part, the head of the Iraqi Industries Union, Adel Ajab, said during the press conference that Article 32 Second obliges all ministries and the public sector to purchase from the private sector, indicating that the previous decision was from public companies, most of which were used as commercial partnership contracts and today the national product within this article has become obligatory To buy by all ministries

https://shafaq.com/ar/اقتصـاد/برلماني-يعلن-نصرا-للصناعة-المحلية-في-الموازنة-العراقية

Parliamentarian: Approval Of The Oil And Gas Law Will End The Kurds' Rebellion Against Budgets

Information / special.   Today, Sunday, a member of the House of Representatives, Jassim Al-Moussawi,

called for the movement of political blocs to expedite the completion of the legislation of the oil and gas law for the Kurdistan region, while

stressing that the disputes over exporting the oil of the Kurdistan region will not end by adding the paragraphs of Article 14 that were voted on in the budget.

Al-Musawi said in an interview with the information agency,

"The obstacle of agreement with Kurdistan regarding revenues and oil export continues in all budgets since 2003 until now."  

And he added, "The disputes over exporting Kurdistan's oil will not end by adding the paragraphs of Article 14 that were voted on in the budget," pointing out that

"the region wants to continue to shirk the obligations it has to hand over oil and gas export revenues."   Al-Moussawi concluded,

"The official approval of the oil and gas law during the next stage will avoid the political blocs obstructing and delaying the approval of the upcoming budgets."

The House of Representatives succeeded during yesterday's session in voting on

Article 14, which deals with the deposit of oil export revenues,

in addition to a paragraph that obliges the government to pay the salaries of the region's employees directly in the event that the Kurdistan government does not send it, as well as

the region's commitment to hand over oil and gas revenues to the government. Central directly.

https://almaalomah.me/news/politics/برلماني:-إقرار-قانون-النفط-والغاز-سينهي-تعطيل-الاكراد-للمواز

Technology For Peace Issues Clarification On The 'Silk Road' Project

Friday, June 2, 2023  Baghdad / The National News Center  Technical for Peace issued a clarification regarding the Silk Road project, in which it stated:

During the past days, several statements were made about the Chinese Silk Road project, including what was stated by the current Minister of Transport (Razzaq Muhibis Al-Saadawi) during an interview with him on Al-Iraqiya TV. News at the end of May 2023, he met with the ministry’s staff and

it became clear that there is no Chinese Silk Road project in the ministry, after he demanded the project’s priorities, he said.

This was confirmed by the Sudanese adviser (Nasser al-Asadi) when he stated,

“The Silk Road is a political attraction between America and China. The

plans on Facebook are not real, the plans do not exist,” during an interview with him on (Al-Janoub TV) in May 2023.

While the Sudanese advisor (Hussein Allawi) had a slightly different opinion when he mentioned, during an interview with him on the (Dijlah satellite) channel, that the

Silk Road “touches the northern borders of the Kurdistan Region” and is not within its borders, after he obtained a map from a translated magazine while he was in Morocco. 2019, as mentioned.

These publications and statements circulated on social media in conjunction with the “Development Road project" announced by the current Prime Minister, Muhammad Shia’ al-Sudani, which is

supposed to link the large port of Faw in southern Iraq with Turkey to reach Europe,

with the participation of 10 regional countries (Saudi Arabia, Turkey, Syria, Jordan, Kuwait, Bahrain, Qatar, UAE, Iran, Oman, in addition to representatives of the European Union and the World Bank), during a conference held in Baghdad on May 27, 2023.

Therefore, he decided for us to mention what was circulated of local political news and topics It was put forward during the past years until the present time about the Chinese project and Iraq's relationship with it.

The Belt and Road (Chinese Silk Road and the Maritime Silk Road Initiative for the Twenty-First Century), an initiative launched by China in 2013 with the aim of expanding its trade ties by reviving the ancient historical road that linked East with West.

Through this project, China seeks to link Asia with Europe.

This initiative includes a land and sea route, with the participation of 147 countries and about 70% of the world's population, including 18 member states of the European Union working within this initiative.

According to the available maps, Iraq is located on the land road, as the road passes through the northern part of the country.

In 2015, the former Iraqi Prime Minister Haider al-Abadi visited the Chinese capital, Beijing, and signed several agreements and memorandums of understanding (economic, diplomatic, military, technological and military).

The first memorandum of understanding included “participation in building the economic belt of the Silk Road and the Maritime Silk Road for the twenty-first century.”

It is noteworthy that the Chinese ambassador to Iraq (Chen Weiqing), during a speech he delivered at the cultural event of the Silk Road organized by the Iraqi Ministry of Culture in 2018, explained that

“Iraq is one of the first Arab countries to sign cooperation documents with China regarding the Belt and Road Initiative.”

Then, in 2019, (Adel Abdul-Mahdi) visited China for five days when he was serving as Prime Minister, during which he signed memorandums of understanding and agreements related to infrastructure, including the Silk Road.

During the same year, (Haider Al-Tamimi), deputy director of the Historical Research Department at the Iraqi Research Center, stated that the Belt and Road Initiative is of “great importance for the reconstruction of Iraq after the war.”

And the former Minister of Transport (Abdullah Laibi) mentioned during one of the meetings of the Diwaniya Committee, the possibility of accelerating the procedures for Iraq’s accession to the Asian Investment Bank for Infrastructure in order to “finance the implementation of roads, bridges, ports, airports and railway projects along the New Silk Road,” indicating the efforts of the parties Concerned for Iraq's accession to the initiative.

At the time, Luaibi called for a joint workshop between Iraq and China to reach a "clear road map in the coming days."

And under the government of Mustafa Al-Kazemi, the Minister of Transport at the time (Nasser Al-Shibli) confirmed in 2020 that the connection of the Silk Road project with Iraq depends on the completion of the Al-Faw port project in Basra, stressing,

“If it is completed, Iraq will be the center of the (Silk Road) that China is working on to link Europe in Asia.”

While Representative (Ali Turki Al-Jamali) considered that (Al-Kazemi) returned from the Jeddah summit by “killing” the Silk Road, “because America declared that we will not leave a place for China and Russia,” he said.

A member of the Iraqi Parliament for its current session (Saud Al-Saadi) participated in a tweet with several documents, which he explained were related to a memorandum of understanding between the government of Iraq and the Chinese government, regarding “participation in advancing the construction of the economic belt of the Silk Road and the Maritime Silk Road for the twenty-first century.”

During a meeting between the Chinese Ambassador to Iraq (Cui Wei) and the Iraqi (Sudanese) Prime Minister, the ambassador stated that

"the development project is very important to Iraq, and it will be the path to peace and prosperity in the region, and it will become a complement to the Belt and Road project," expressing his desire to review the feasibility study. The economics of the project, and China's readiness to provide technical advice for the completion of this vital project, according to a statement transmitted by Al-Sudani's office on June 1, 2023.

In conclusion to our topic and through all that we touched on, it turns out that the Silk Road project in Iraq is still unknown.

Some parties confirm the existence of agreements and treaties for the project between Iraq and China, while  other parties confirm that the project does not exist in Iraq on the ground. https://nnciraq.com/208967/

The National: The Salary Budget Is Facing Investment...And The Government May Face Funding Problems

Politics / Economics | Baghdad Today – Translator   The National Network announced in a report published today, Sunday, that the Kurdish differences are not the only reasons that still hinder the approval of the official budget for the next three years in its entirety, noting that

the differences between the political blocs and specialists revolve around the nature of the budget.

The magazine stated in a report translated by (Baghdad Today), that

the current budget, which it described as "the largest in the history of Iraq," is witnessing continuous disputes between parties that it considers "negatively affecting" the country due to the large number of jobs and salaries that require provision through it,

and between those who see it as a budget. An investment that will provide an unprecedented opportunity for reconstruction in the country.   And she continued,

"The current budget at a value of 153 billion US dollars will witness an operating spending rate of 101 billion dollars, while the share of investment will be only 37 billion dollars," stressing that

the budget will be exposed to a large deficit rate with which the government will fail to provide salaries in the event that the price of a barrel of oil falls below seventy dollars..

Concern about the drop in dollar prices, indicated by the network, is that it is faced by critics by emphasizing the existence of a protection network provided by Iraq’s gold reserves, which reached 132 tons, as

Iraq occupies the thirtieth place in the world with the most gold in the world, according to the statements of the Central Bank of Iraq, which also indicated To the fact that

it is necessary to protect the economy from the effects of dollar inflation and exchange rate fluctuations, despite its official adoption so far as an alternative to oil prices.

It is noteworthy that the Iraqi parliament has been voting for four days separately on the paragraphs of the general budget for the current year and the next two years until 2025, as the network confirmed that

the budget has become "necessary" to

secure Iraq's access to food, in addition to

providing the requirements for the reconstruction of vital infrastructure, according to its description.

https://baghdadtoday.news/223690-ذا-ناشيونال-موازنة-الرواتب-تواجه-الاستثمار.-والحكومة-قد-تواجه-مشاكل-في-التمويل.html

Requirements For My Site Detection Requirements

June 11, 2023     The Central Bank of Iraq decided that exchange companies for the two categories (A) and (B) and exchange companies operating in the Kurdistan region of the two categories (A) and (B) under establishment to provide the construction and professional health and safety certificate for the main headquarters buildings and branches of companies that are opened in the Kurdistan region as One of the requirements for the website examination.   https://cbi.iq/news/view/2355

The Activity Of Anwar Al -Diwaniya Company To Mediate With The Sale And Purchase Of Foreign Currencies

June 11, 2023    According to the Board of Directors of this Bank No. (87) of 2023, taken in its numbered session (1636) held on 4/26/2023,

it was decided to resume the activity of Anwar Al -Diwaniyah to mediate by selling and selling foreign currencies     https://cbi.iq/news/view/2354

Procedures   

June 11, 2023    Exchange companies for the two categories (A, B) are allowed to

provide us with a report of money laundering and terrorist financing in their companies, while

providing us with the processors and procedures taken to reduce these risks,

provided that we respond to the answer no later than (2023/7/1).   https://cbi.iq/news/view/2356

 

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

https://www.bondladyscorner.com/

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