Iraqi News Saturday Afternoon 9-3-22
Iraqi News Saturday Afternoon 9-3-22
Tlm724 Administrator Bondlady’s Corner
Dissolution Of Parliament .. Will The Federal Court's Decision Be Decisive This Time?
Political | 01:55 - 03/09/2022 Special - Mawazine News, today, Saturday, legal expert Ali Al-Tamimi confirmed that the decision of the Federal Court to dissolve Parliament will be decisive and binding.
Al-Tamimi said in an exclusive interview with "Mawazine News", "The decisions of the Federal Court are binding on all authorities, and that according to Article 94 of the Constitution, the decisions are not subject to appeal, discrimination or appeal."
And he indicated that "Parliament is dissolved from the moment the Federal Court issues its decision, and the President of the Republic will be called for early elections two months after its date," noting that "there is no harm in the invitation of the President of the Republic, even if it is expired." Ended 29 / M 99
https://www.mawazin.net/Details.aspx?jimare=204339
Britain Urges Erbil And Baghdad To Resolve Their Differences Over Oil And Gas
Political | 04:00 - 03/09/2022 Baghdad - Mawazine News, British Finance Minister Nazim Al-Zahawi announced that his country urges Erbil and Baghdad to resolve their differences, because "improving relations between Erbil and Baghdad contributes to achieving stability and prosperity for all of Iraq."
Nazim al-Zahawi said, during a visit to Washington, that he urges the President of the Kurdistan Regional Government to insist on his steps, so that the regional government and the Iraqi government can work jointly to achieve stability and prosperity for all of Iraq.
He indicated that he also knows the Iraqi Prime Minister, Mustafa Al-Kazemi, and is "a great supporter of the success of relations between the Kurdistan Regional Government and the Iraqi government."
The British Minister of Finance noted that he knows the Prime Minister of the Kurdistan Region, Masrour Barzani as well, and he is insisting that the Kurdistan Region be able to export oil and gas to all the world at prevailing prices, stressing the importance of all parties working together to achieve stability in the oil sector.
The visit of the British finance minister to Washington came to discuss with his American counterpart and the finance ministers of the Group of Seven about ways to solve the energy crisis resulting from the war in Ukraine. Ended 29 / h https://www.mawazin.net/Details.aspx?jimare=204352
Al-Hakim: Iraqi Political Decision-Making Lies With The Participation Of All
Political | 12:51 - 03/09/2022 Baghdad - Mawazine News, head of the Wisdom Movement, Ammar al-Hakim, affirmed that Iraq cannot be reduced to a political, sectarian or national viewpoint, as everyone's interest lies in the participation of everyone in decision-making.
Al-Hakim's office said in a statement, "Mawazine News" received a copy of it, "We reiterated, during our meeting with the Japanese ambassador in Baghdad, Kotaro Suzuki, the importance of benefiting from the Japanese experience in reconstruction and construction and achieving sustainable development, and we also wished him success in his new duties after the completion of his work in Baghdad.
We valued the diplomatic role he played in Iraq, and demonstrated the good reputation enjoyed by Japanese companies, as we called for investing this in pioneering projects in Iraq, and pointed out the similarity of the circumstances that the two countries experienced in political and social terms.
He added, "We explained the political changes in Iraq and the need to end the current political crisis by resorting to the constitution, the law, and the legitimate state institutions, and we stressed that Iraq cannot be reduced to a political, sectarian or national view, because everyone's interest lies in the participation of everyone in decision-making, and we renewed our call to adopt dialogue as a way to achieve reform." And the desired change.” https://www.mawazin.net/Details.aspx?jimare=204335
Oil Price Hike
Economie| 10:03 - 03/09/2022 Follow-up - Mawazine News: Oil prices rose during trading yesterday, thanks to expectations that the “OPEC +” bloc will discuss reducing production at a meeting to be held on the fifth of September, but concerns about the restrictions to combat “Covid-19” in China and the weakness of the global economy continued to limit the gains. .
By 1140 GMT, Brent crude futures rose $1.42, or 1.5 percent, to $93.78 a barrel. West Texas Intermediate crude futures rose $1.43, or 1.7 percent, to $88.04 a barrel.
Brent crude recorded a weekly decline of about 7 percent, and West Texas Intermediate crude recorded a decline of about 5 percent during the week.
The "OPEC +" bloc, which includes the Organization of Petroleum Exporting Countries "OPEC" and its allies, is scheduled to meet on the fifth of September against the backdrop of an expected decline in demand.
"Oil prices rose after falling during the week to close to their lowest levels in the summer," said Craig Erlam, senior market analyst at Oanda. https://www.mawazin.net/Details.aspx?jimare=204317
Economist: Inflation Has Reached More Than 12% In Iraq
Iraqi market money and business Economy News – Baghdad The annual inflation level in Iraq for the month of July increased by 12.3% compared to the same period in 2019, bringing the record in July 2022 to 117.8, which is the highest inflation rate recorded in the country in more than ten years .
The economic and financial expert, Manar Al-Obaidi, said in a press statement, seen by "Economy News", that "the inflation level in food prices rose by 11.2%, while the inflation level in housing, water, electricity and gas prices rose to 10.1 %."
At the level of transportation prices, the inflation rate in Iraq increased by 16.8%, and the most inflated rate was the prices of health and medical services, which rose by 27.8% compared to July 2019, and the general index of the Health Department reached 149.9, an increase of 50% compared to the measurement year. Which is considered the year 2012, according to Al-Obeidi .
The Iraqi economic expert attributed the reasons for the high rates of inflation to many factors, including “the rise in oil prices, which reflects its shadow on all goods and services, in addition to changing the exchange rate of the dinar against the dollar,” and these two reasons are enough to raise inflation rates to reach these record levels .
According to the data of the Iraqi Ministry of Planning, the number of citizens below the poverty line has reached "9 million people" and with the high rates of inflation, it is expected that this percentage will rise in the future, according to Al-Obeidi .
Al-Obaidi pointed out that "the Iraqi government does not take any actual measures that would reduce the inflation rates that qualify for the rise as a result of the lack of approval of the budget and the absence of programs that limit the impact of the inflation level on the Iraqi citizen ."
He pointed out that "the local products that would reduce inflation rates are still below the level and are unable to cover the need for imported products." 52 views Added 09/03/2022 1:02 PM Update 09/03/2022 - 5:24 PM https://economy-news.net/content.php?id=29539
The Rise In The Exchange Rate Of The Dollar
Economie| 11:18 - 03/09/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, today, Saturday, a slight increase in the local markets.
And the selling prices of the dollar were recorded at 148,050 thousand dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147,950 thousand dinars per 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=204328
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