Iraqi News Sunday AM 6-26-22
Iraqi News Sunday AM 6-26-22
TLM724 Administrator BondLady’s Corner
Al-Obaidi Reveals The Date For Submitting The Federal Budget
The head of the Parliamentary Security and Defense Committee, Khaled Al-Obeidi, announced today, Sunday, that the federal budget will be presented in the month of October.
Al-Obeidi's office said in a statement, "The Chairman of the Parliamentary Security and Defense Committee, Khaled Al-Obeidi, discussed with the Minister of Interior Othman Al-Ghanimi, ways to support cooperation mechanisms between the Iraqi parliament, represented by the Parliamentary Security and Defense Committee and the Ministry of Interior," noting that "it was agreed on the need to intensify meetings to meet the requirements of The security services and their service departments, especially the Traffic, Passports and Nationality Directorates.
Al-Obaidi stressed during the meeting, "that the Iraqi law, which the Ministry of Interior is one of the tools for its implementation and imposition of respect, must be applied to everyone without exception," noting that "the Parliamentary Security and Defense Committee supports all measures implemented by the Ministry of Interior to implement the law."
And regarding the Food Security Law, Al-Obaidi confirmed, “The amounts allocated to the Ministry of Interior in the emergency law are insufficient to meet the needs of the security services in Iraq,” explaining that “the Parliamentary Security and Defense Committee received firm promises to remedy this shortage through the federal budget to be submitted in October.” Next first."
Al-Obaidi and Al-Ghanimi discussed the efforts of the Ministry of Interior in combating organized crime, prosecuting drug dealers and their promoters, and ways to ensure the success of the work of the security services to immunize society from this scourge, which has turned into a dangerous weapon no less dangerous than terrorism on society. https://www.radionawa.com/all-detail.aspx?jimare=30068
The Current Year’s Budget Is An Absolute Necessity And The Food Security Law Is A Solution To An Immediate Problem
Amer Al-Jawahiri to / NINA /: Sunday 26 June 2022 14:33 | Economic Number of readings: 107 Baghdad / NINA / - The consultant in industrial development and investment, Amer Al-Jawahiri, affirmed that approving the current year's budget is an absolute necessity.
He told the National Iraqi News Agency ( NINA ) that the Food Security Law...is a solution to an immediate problem, which is the problem of the political vacuum so that the wheel of daily life does not stop and ends when the budget is issued.
Al-Jawahiri added that the continuity of financial life and projects is related to actual development and the existence of the budget, expressing concern about not planning for the next year's budget.
He explained that the budget is not only an arithmetic and monetary process, but rather a management process for the country's economy, managing development, improving services and infrastructure, enabling the private sector to work, and improving education with actual projects with legal cover./ End 3
https://ninanews.com/Website/News/Details?key=984505
Oil To / NINA /: Iraq Will Buy Exxonmobil's Share In The West Qurna Field
Sunday 26 June 2022 15:47 | Economic Number of readings: 146 Baghdad / NINA / - The Ministry of Oil revealed the course of negotiations with the international oil company ExxonMobil, which decided to sell its share in the West Qurna 1 field in Basra Governorate.
And Oil Minister Ihsan Abdul-Jabbar Ismail said, in a statement to the National Iraqi News Agency ( NINA ), "The share of ExxonMobil will go to the Iraqi side and the bulk of it will be purchased, and the other part will go to one of the partners."
He explained, "We obtained the approval of the Council of Ministers to move in that direction, and it will be included in the paragraphs of the General Budget Law 2022."
He added, "Iraq will buy the 22% stake, and it intends to actually buy the entire stake, and there is a discussion currently that part of the share is taken by one of the companies, most likely the same investor present in the field now," noting that "the negotiations between ExxonMobil and the South Oil Company reached To a final decision that the South Oil Company is the one who acquires the bulk of ExxonMobil’s share in the West Qurna 1 field.”/ End 5 https://ninanews.com/Website/News/Details?Key=984516
The Central Bank Discusses With The World Food Program Aspects Of Bilateral Cooperation
June 25, 2022 Al-Rafidain loans 150 million dinars to citizens to buy housing units
Baghdad – time Al-Rafidain Bank decided yesterday to grant loans to citizens worth 150 million dinars to purchase housing units. The media office of the bank said in a statement received by (Al-Zaman) yesterday that (a loan of 150 million dinars for the purchase of a residence will have an interest of 4 percent), and indicated that (promoting the transaction of a loan for the purchase of a residence is through the bank’s branches spread in Baghdad and the provinces). On a related note, the Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, suggested a solution to address the rise in real estate prices.
Saleh said in a statement yesterday that (the problems of declining construction of new cities and metropolises date back to more than four decades, a problem that generated population pressure on existing construction, especially residential buildings serviced by infrastructure, starting with roads, transportation, water and electricity networks, etc.), referring to (The deficit in the supply of housing units, which exceeds three million housing units, and the deterioration of old units without equivalent housing compensation.
The current growth in housing supply in urban areas served by infrastructure has made it one of the most inflated places, whether by rising rental prices or real estate prices themselves).
He went on to say that (most of the housing growth takes place in those areas serviced by infrastructure by maximizing the phenomenon of housing proliferation by fission in accordance with the intensification of demand for shelter services, which made the infrastructure itself in those old metropolises unable to meet the requirements of living in them steadily or sustainably due to overcrowding human outside the natural absorption rates),
and he pointed out that (the only solution remains, is to proceed with the current state program in subsidized land distribution within new residential metropolises, provided that the infrastructure is prepared in advance with the assistance of the state or its joint programs with the private investment sector to allow the rapid construction of decent and low housing units high-quality cost and generalization of this model in urban geography throughout the country).
development methodologies
On the other hand, the Governor of the Central Bank, Mustafa Ghaleb Mikhaif, discussed aspects of bilateral cooperation between the Bank and the World Food Program, and discussed methodologies for developing the Central Bank’s initiatives, while stressing that financing the bank’s 17 trillion dinars development initiative to support active and vital sectors, including all segments of society.
And the bank said in a statement received by (Al-Zaman) yesterday that (Governor Mustafa Ghaleb Mukhif, met the country director and representative of the Food Program in Iraq, Ali Reda Qureshi and his accompanying delegation, and during the meeting, aspects of bilateral cooperation between the Bank and the World Food Program were discussed, and methodologies for developing the central initiatives were discussed ),
stressing that (the Central Bank played a major role in moving the wheel of the economy and its progress, as the development initiative, which exceeded 17 trillion dinars, targeted active and vital sectors, including all segments and categories of society), and frighteningly welcomed (the proposals and ideas presented by the delegation during the meeting, especially what With regard to the Bank’s initiatives in the fields of renewable energy and the agricultural sector, and their access to a large segment of farmers, the use of modern irrigation methods, and their maximization of benefit to the beneficiaries of these initiatives),
in turn, the delegation praised (the Central Bank’s initiatives and its transition from the traditional role to modern banking, and its active role in Supporting the Iraqi economy), stressing (his interest in the initiatives Bank in the agricultural sector and clean energy). LINK
“Through Wind And Waste Recycling”..Electricity Announces Several Projects To Support The National System
Saturday, June 25, 2022 5:06 PM National News Center/ Baghdad Today, Saturday, the Ministry of Electricity announced its most prominent expected projects to support the national system with new cards, while confirming the work to establish generating stations through wind and waste recycling.
A spokesman for the Ministry of Electricity, Ahmed Moussa, said in a statement to the National News Center that
"the ministry signed contracts with international companies to establish solar power plants, and was keen to distribute them to all governorates of Iraq in coordination with local governments and governors."
Moussa added, "The ministry has other projects that it intends to work on in cooperation with the Municipality of Baghdad and local governments, including waste recycling stations, as two sites were chosen, one in the Abu Ghraib area and the other in the Nahrawan area," stressing that
"there is coordination and a joint work record with the Baghdad Municipality to establish these stations.
He pointed out that "there are other projects that the ministry intends to pursue, including the installation of wind energy production stations in the Shehabi area in coordination with the Ministry of Science and Technology, as it determines the wind speed," noting that
"this whole issue needs a set of determinants that ministries other than electricity are looking for."
He stressed that "the Ministry of Electricity is open to diversifying energy sources significantly, whether it is wind, solar energy, or even waste recycling, taking into account its progress in improving, strengthening and rehabilitating the sectors of production plants that depend on gas and fossil fuels."
He explained that "the Al-Shihabi area in Wasit Governorate is the only one that can be qualified to proceed towards the installation of wind farms or stations," noting that
"there are a number of measures that are taken with the concerned authorities, in addition to the need for government decisions to proceed with these stations."
On Iraq's need for Iranian gas, Moussa said, "The ministry relies on Iranian gas to generate about 7-8 thousand megawatts, and the volume of gas currently supplied is 40 million cubic meters per day, and this does not fill the need."
He continued, "The actual need for gas ranges from 50-55 million cubic meters, and we had an agreement with the Iranian side based on the payment of dues and debts owed by Iraq since 2020, in addition to the dues payable from the year 2020 that the Iranian side stipulated in order to continue paying gas.".
He pointed out that "the current government and ministry paid these dues based on internal borrowing from the Trade Bank of Iraq and a government decision," noting that
"the ministry is coordinating with the Iranian side and has contacts to increase gas releases for the benefit of the stations."
He noted that "there are stations whose work requires fuel, and new generating stations to which gas is not supplied sufficiently, and they will be operated upon the arrival of sufficient quantities of gas to give additional impetus to the national system through additional capacities, which leads to an increase in operating hours."
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