Iraqi News Saturday Afternoon 4-16-22
Iraqi News Saturday Afternoon 4-16-22
TLM724 Administrator BondLady’s Corner
The Election Of The President Of The Republic Of Iraq Continues To Be Postponed
Posted On2022-04-16 By Sotaliraq The first session was held on March 26, 2022 to elect the President of the Republic by members of the Iraqi Council of Representatives, and this session did not materialize due to the failure to achieve a quorum due to the non-attendance of 220 deputies, while the number of attendees was only 202 deputies.
As for the second session of the House of Representatives, it was held on March 30, 2022, and the required quorum was not achieved, as only 178 deputies attended. Because of this, the presidential election session was postponed for the third and last time, and according to the provisions of the Iraqi constitution, and this was the last extension allowed by the Federal Court, provided that the session be held within a maximum period of April 6, 2022. In the event that this session does not take place, Parliament must be dissolved according to the constitutional articles And proceed with the caretaker government.
After that, other elections must be held within 60 days, after which the President of the Republic, the Prime Minister and members of a new government are elected.
Parliament members were not able to achieve the required quorum on April 6, and the presidential election session was not achieved. It is ironic that officials in Parliament and political leaders did not have knowledge of developments and what would happen before and after the parliament session, and there are no directives from any official body on what will happen later and what The measures that the presidency of the parliament or the government must take, or any directives by the court, are not the rules, nor what are the measures to be taken that help in the smooth running of the election of a president of the republic, and no one knows whether the parliament will be dissolved and a caretaker government will be established?
Things remained unclear and Parliament reached the stage of blockage and lack of clarity, and so far no one knows what will happen?
Through our follow-up to the daily events, it becomes clear to us that the political components have been given the opportunity to continue negotiations and get out of the political suffocation, in order to preserve the public interest and the stability of the country to come to an agreement among themselves and get out of this suffocation by agreeing on the candidate for the President of the Republic and agreeing to form a new government.
It is not on the horizon that there will be an agreement soon, and it may take an unspecified time. It is expected that the parliament session will be held after Eid al-Fitr or during the next June and July. Because of the lack of a clear agreement and the insistence of the parties on their candidate, it seems that most of the political components did not reach an agreement to elect the president of the republic for each of the candidates by the two Kurdish parties, which diverted attention now and demanded most of the votes to move towards electing an independent Kurdish candidate as a compromise candidate and an alternative to exit.
From the suffocating crisis in the election of the President of the Republic, it is worth noting that this state of political impasse is occurring for the first time among party candidates.
Such a case of political blockage is not a strange case. It happened in France five years ago. The political blockage and the lack of agreement between the French parties led to the possibility of a civil war, which encouraged politicians in France and in order to maintain security and stability by agreeing to elect an independent candidate, the current President Emmanuel Macron, who is the same The candidate these days is for a second election cycle, and during his presidency, he was able to form a new party that would support him and support him in the current elections.
The independent candidate for the presidency of the Republic of Iraq for the 2022 session,
Professor Kamal Aziz Qaitoli, April 15, 2022 LINK
Expert: There is no constitutional objection to the current government sending the budget law to Parliament
political| 01:26 - 16/04/2022 Special- Mawazine News, legal expert Haider Al-Sufi confirmed, on Saturday, that there is no legal impediment to the caretaker government sending the draft budget law for the purpose of approval in Parliament.
Al-Sufi said in an interview with "Mawazine News", "The constitution and the law do not contain any constitutional or legal text that prevents sending and approving the budget law at the time of the caretaker government, especially since the internal system of any institution is not considered higher than the constitution."
He pointed out that "Law 12/1 is not sufficient at the present time, as there are economic variables and new projects that need to be spent, in addition to the need to disburse sums of money for the ration card and others."
He added, "The government of daily affairs is concerned with financial financial disbursement, and this needs the budget law, so there is no objection to sending and approving the budget at this time." Ended
https://www.mawazin.net/Details.aspx?jimare=190323
Iraq Is The Largest Exporter Of Crude Oil To India
Economie| 16/04/2022 Baghdad - Mawazine News The Iraqi Oil Marketing Company, SOMO, announced today, Saturday, that Iraq leads the Indian market, despite the increase in India's imports of Russian oil.
The director of the company, Alaa Al-Yasiri, said in a televised statement, which was followed by "Mawazine News", that "several countries, including India, have found that Russian crude oil, which has become sold at very large price discounts, is a substitute for crude oils."
He added that "Iraq still maintains its high market share in India thanks to the contracts it has concluded with Indian government and private oil refineries." https://www.mawazin.net/Details.aspx?jimare=190314
A Banking Exhibition In Al Qishla To Inform Citizens About Banking Services
Money and business Economy News – Baghdad Al-Qashla building in Al-Mutanabi Street, central Baghdad, witnessed a banking exhibition to educate citizens about banking services such as loans and deposits.
The Association of Private Banks stated that it held the exhibition in cooperation with the Central Bank, to inform citizens of banking services, including loans, investment deposits, electronic payment, and others.
She pointed out that the exhibition was held yesterday, Friday, and will continue today, Saturday, from nine in the evening until midnight. Views 59 Date 04/16/2022 https://economy-news.net/content.php?id=27620
A Slight Increase In Iraq's Oil Production Last March
Energy Economy News – Baghdad The Organization of "OPEC" announced, on Saturday, that Iraq recorded a small increase in its oil production last March, based on the secondary sources that the organization relies on .
The organization said in a report, that "the production of oil from the 13 member countries of the Organization of Petroleum Exporting Countries increased by 57 thousand barrels per day during the past month, to reach 28.557 million barrels per day, supported by increased supplies from 8 countries, including Iraq ."
She added that "the largest increases came from Saudi Arabia, as its oil production rose by 54,000 barrels per day, to reach 10.262 million barrels per day, and the production of Kuwait and the UAE increased by 25-23 thousand barrels per day, respectively, bringing their production to 2,639 million barrels per day for Kuwait." And 2,983 million barrels per day for the UAE .”
And she added, "The rest of the countries had a small increase, as Algeria recorded an increase of 14,000 barrels per day, and Venezuela, Iran and Equatorial Guinea recorded increases in oil supplies last month, ranging from 8 to 4 thousand barrels per day ."
He pointed out that "Iraq also recorded a small increase among the member states of the organization in its oil production for the month of March, by 11,000 barrels per day, to reach 4.309 million barrels per day, compared to last February, in which production amounted to 4.298 million barrels per day ."
The organization indicated that "the oil production of 5 OPEC countries fell last month, namely Libya by 37,000 barrels per day, Nigeria by 24,000 barrels per day and the Congo by 15,000 barrels per day, Angola's production by 8 thousand barrels per day, and Gabon's production declining." by 4,000 barrels per day .
The Organization of Petroleum Exporting Countries (OPEC) reference basket consists of the following: Sahara Blend (Algeria), Girasole (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabie Lite (Gabon), Heavy Iran (Islamic Republic of Iran) Iran ), Basra Al Khafif (Iraq), Kuwait Export (Kuwait), Es Sidr (Libya), Pune Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Miri (Venezuela).
Views 128 Date Added 04/16/2022 https://economy-news.net/content.php?id=27618
Brent Rose To $111.70
Market Economy News – Baghdad Oil prices closed with weekly gains of nearly $9 at the end of the week's trading .
Brent crude closed in its last session (Friday), with a rise of 2.92 dollars, to reach 111.70 dollars, to record large weekly gains of 8.92 dollars, equivalent to 8.68 %.
The US West Texas Intermediate crude also closed up by $2.70 to reach $106.95 a barrel, and also recorded weekly gains of $8.84, or 8.69 percent.
Oil prices rose over the past week due to tight supplies and with the Organization of the Petroleum Exporting Countries warning that it would be impossible to increase production enough to make up for lost Russian supplies. Views 127 Date Added 04/16/2022 https://economy-news.net/content.php?id=27615
Dollar Exchange Rates Are Stable In Local Markets
Economie| 10:20 - 16/04/2022 Baghdad - Mawazine News, the exchange rates of the dollar stabilized, today, Saturday, in the local markets. Selling price: 148000 dinars per $100 Purchase price: 147,750 dinars per $100. https://www.mawazin.net/Details.aspx?jimare=190304
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