Iraqi News Monday Morning 6-28-22

TLM724 Administrator BondLady’s Corner

The United States Submits A Proposal On The Peshmerga

Political | 04:30 - 06/28/2022   Baghdad - Mawazine News   , the President of the Kurdistan Region, Nechirvan Barzani, the Commander in Chief of the Peshmerga forces, received on Tuesday, General John Brennan, the commander of the international coalition forces in Iraq and Syria.

In a meeting with PUK President Bafel Talabani, the Minister of Peshmerga and a number of leaders and ranks of the Peshmerga, they discussed the reform process in the Ministry of Peshmerga and the latest steps to reunite its forces.

Barzani praised the support and assistance of the United States and its allies during the fight against ISIS, and stressed the Kurdistan Regional Government's presidency and government's support for the reform process in the Ministry of Peshmerga and the reunification of its forces.

For his part, General Brennan affirmed that the United States will continue to support and assist the Peshmerga under the umbrella of the Ministry and under one command, and become a strong, professional, national force capable of performing its tasks.

The meeting also discussed the latest developments in the war against terrorism, the necessity of cooperation between the Peshmerga and the Iraqi army, and the continuation of the international coalition's support for Iraq and the Kurdistan region.    https://www.mawazin.net/Details.aspx?jimare=197885

A Document Detailing The Session Of His Summons Against The Prime Minister In The Federal Court

Political | 04:04 - 06/28/2022   Baghdad - Mawazine News  On Tuesday, Representative Mustafa Jabbar Sanad revealed the details of his summons session against the Prime Minister in the Federal Court.

Sanad said in a post on Twitter followed by / Mawazine News /, that "in the Federal Court today and in our lawsuit against the Prime Minister, the Chief Justice of the Court asked me to prove the validity of my claim that the Prime Minister misused Resolution 168 of 2014."

Sanad added, "My answer was that the Prime Minister granted plots of land in luxurious areas on the Karkh side, more than once to the same person and with evidence, in a decision called Perseverance, which is for the heroic fighters, martyrs and wounded."

Sanad continued, "But it was given to his photographer, who wipes his mask, who wears make-up on his face, and given to his entourage and his entourage, even for young ages who had not reached the age of majority during the war against ISIS, but he did not give the real heroes who actually participated in the fight."

Sanad added, "Your esteemed court can ask the office to provide you with the statement because they refused to provide us with any information, even though we presented a set of evidence containing many violations."

He pointed out that "the judge decided to adjourn the court on 30-7-2022 for the purpose of checking priorities." Ended 29/R77     https://www.mawazin.net/Details.aspx?jimare=197881

In Order To Protect The National Product, The Council Of Ministers Decides To Impose Customs Duties On Imports

Tuesday 28 June 2022 17:32 | EconomicNumber of readings: 166

Baghdad / NINA / - The Council of Ministers decided to impose customs duties on imports to protect the national product/ Ended    https://ninanews.com/Website/News/Details?key=984927

The Central Bank Raises The Amounts Of Its Development Initiatives To 18 Trillion Dinars

Banks   Economy News _ Baghdad   The Central Bank of Iraq announced, on Tuesday, raising the necessary funding for its development initiatives to 18 trillion dinars.

The Central Bank said in a statement, that "the necessary funding for the development initiative is continuing," noting that "it was decided to raise its financial amounts to reach 18 trillion dinars."

He added that "this increase in the amounts of financial allocations comes in response to the success achieved in the development initiatives launched by the Central Bank of Iraq in financing various private sector projects and housing loans."

He pointed out that "this increase will contribute to financing economic development projects, increasing local production and reducing unemployment by providing job opportunities, as well as contributing to supporting various government efforts to confront climate change."  

Views 75   Added 06/28/2022 - 4:38 PM   Update 06/28/2022 - 7:18 PM   https://economy-news.net/content.php?id=28682

Dollar Exchange Rates Against The Dinar

Economie| 09:55 - 06/28/2022   Baghdad - Mawazine News, the dollar exchange rates stabilized today, Tuesday, on the Iraqi Stock Exchange.  Selling price: 148,100 dinars per $100   purchase price : 148,000 dinars per $100 https://www.mawazin.net/Details.aspx?jimare=197843

Planning Announces The Stability Of The Monthly Inflation Rate In May

Money and business   Economy News-Baghdad

On Tuesday, the Ministry of Planning announced the stability of the monthly inflation rate for the month of May and its annual rise, indicating that spending on food constitutes 30% of the family's monthly income.

Ministry spokesman Abdul-Zahra Al-Hindawi said in an interview with Shafaq News Agency that "the inflation rate for the month of May stabilized at 0.2%, which is the same rate witnessed in last April," noting that "the annual inflation rate for the month of May 2022 compared to the same period last year. 2021, saw an increase of 5.4%.

He added, "Expenditure on food constitutes 30 percent of the family's monthly income, but the food and non-alcoholic beverages department did not witness a significant increase in it during the month of May as a result of government support by providing the ration card items, and thus this department maintained its stability."

He pointed out that "the commodity totals that increased the most in prices for the month of May 2022 is the department of supplies, household equipment and maintenance, which rose by 1.9 percent, the department of entertainment and culture also increased by 1.5 percent, and the department of restaurants and hotels rose by 1.2 percent."   Hits 161   Added 06/28/2022 - 12:27 PM   Update 06/28/2022 - 6:55 PM https://economy-news.net/content.php?id=28679

Hammam Al-Shamaa To / Nina /: The Oil And Gas Law Will Soon See The Light

Monday 27 June 2022 21:22 | Economic Number of readings: 606   Baghdad / NINA / - The economic expert, Hammam Al-Shamma, confirmed that the oil and gas law will see the light soon.

He told the National Iraqi News Agency ( NINA ) that the law, which has been on the shelves for more than 14 years, will soon see the light of day due to its importance to the country and its economic situation.

Al-Shammaa added that the reason for the delay was the existence of continuous differences during the successive periods over the past years, indicating that the statement of the last coordination framework is an important step towards its approval.

He explained that the parameters of the law have become clear, given that the region's companies are Iraqi national and operate independently of the North Oil and Central and South Oil companies.

Al-Shamaa added that the situation requires everyone to pass the law because of its importance.

The coordinating framework announced an initiative from several points to end the political blockage, including the legislation of the oil and gas law./End 3  https://ninanews.com/Website/News/Details?key=984764

The Kurdistan Democratic Party Reveals To / NINA /: The Coordination Framework Gave Us Assurances To Solve The Issues Of Oil Revenues, The Budget, Joint Management And Article 140

Tuesday 28 June 2022 14:11 | political Number of readings: 243   Baghdad / NINA / - The Kurdistan Democratic Party bloc revealed the reality of the guarantees it obtained from the forces of the coordination framework to end the current political impasse.

Deputy Ikhlas al-Dulaimi said, in a statement to the National Iraqi News Agency / NINA /, "We received assurances from the forces of the Coordination Framework, after a recent joint meeting of the leaders of the framework with the Alliance of Sovereignty and the Kurdistan Democratic Party."

And she explained, "The political parties have reached a semi-final agreement that our attendance at the sessions of the House of Representatives will be in exchange for guarantees and reassurances of a real consensus not to marginalize or exclude any component or political bloc, whatever its size and representation within Parliament, and we will proceed with that all."

She added, "There are no conditions for forming a national government for the next stage, but the outstanding issues between Baghdad and Erbil, oil revenues, the general budget law, joint administration and Article 140 areas, are problems that must be put on the negotiating table as benefits," noting that "the coordination framework gave assurances regarding these files." To proceed to solve and treat it.”/ End 5

https://ninanews.com/Website/News/Details?Key=984887

Oil Rises, Brent Records More Than $116 A Barrel

Economie| 08:40 - 06/28/2022   Follow-up - Mawazine News: Oil prices rose for a third day, Tuesday, as major producers Saudi Arabia and the United Arab Emirates seemed unlikely to be able to boost production significantly while political turmoil in Libya and Ecuador raised supply concerns.

US West Texas Intermediate crude futures rose $1.39, or 1.27%, to $110.96 a barrel by 04:32 GMT, extending gains of 1.8% in the previous session.

Brent crude futures rose $1.65, or 1.43%, to $116.74 a barrel, adding to a 1.7% rise in the previous session.

The UAE and Saudi Arabia are seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity available to make up for lost Russian supplies and weak production from other member states.

UAE Energy Minister Suhail Al-Mazrouei said the UAE is producing almost to its full capacity based on its 3.168 million barrels per day quota under an agreement with OPEC and its allies, called the OPEC+ community. Ended 29/N33    https://www.mawazin.net/Details.aspx?jimare=197836

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