Iraqi News Wednesday Afternoon 5-4-22
Iraqi News Wednesday Afternoon 5-4-22
TLM724 Administrator BondLady’s Corner
Al-Sadr calls on independent representatives to form the next government within fifteen days
Wednesday 04 May 2022 political Number of readings: 196 Baghdad / NINA / - The leader of the Sadrist movement, Muqtada al-Sadr, announced today, Wednesday, a new initiative centered around three parties in the political process, calling on independent representatives to form the new government within a period of 15 days. Al-Sadr said in a tweet on Twitter: "Independents should join the Greater Coalition to form an independent government. We will inform them of some details of it later."
He added: "The largest coalition will vote on their government, including the Sadrist bloc, and in agreement with the Sunnis and Kurds of the coalition, and the Sadrist movement will not have a participation in its ministers... provided that this is within a maximum period of fifteen days."/ Ended 5
https://ninanews.com/Website/News/Details?key=973988
Wednesday 04 May 2022 01:06 | political Number of readings: 581 Baghdad / NINA / - The coordination framework launched a new initiative to solve the political crisis and end the political blockage.
The initiative stipulates, according to a statement of the coordination framework, that:
1- Taking into account the constitutional terms and in order to preserve the progress of the democratic process, we call on all parties to sit at the dialogue table and discuss solutions and treatments without preconditions or restrictions, putting everyone in the interest of the homeland and the citizen before his eyes.
2- The President of the Republic occupies an important and fundamental moral position as he is the protector of the constitution and a symbol of the nation’s unity and sovereignty, and the preserver of its unity and territorial integrity, as the person of the President of the Republic should be characterized by efficiency, sincerity, good conduct and behavior, and the Kurdish parties should make efforts to understand and agree on a candidate who possesses these qualities and within the established contexts with it.
3- Given the importance of the position of Prime Minister and in line with the constitution and taking into account the right of the majority, the right of the largest component of society must be preserved through the blocs of the larger component allied to form the most numerous bloc and then agree on the nomination of the next prime minister, and the participating forces in the government bear the responsibility of his failure.
And his success and accountability, as well as pledge to provide him with full support in accordance with the government program headquarters, and announce this in a general conference, provided that the candidate for this position is characterized by efficiency, integrity, political and economic experience and other qualities required in this position, which necessitates the most numerous bloc to test and be convinced of his program Politician and assess his qualifications and competence before being selected and approved.
4 - Believing in the necessity of the progress of the democratic process and in order to avoid political obstruction, the framework forces present a proposal to the independent representatives to present a candidate who possesses competence, integrity, acceptability, impartiality and all the required qualifications, to run the country at this sensitive stage in the life of Iraq, provided that he is supported by all the blocs representing the component The largest and the problem of the most numerous bloc, according to the Federal Court's interpretation of Article 76 of the Constitution.
5- Through this initiative, the issue of the three presidencies will be resolved through the understanding of the people of each component among themselves, and everyone deals with the concept of the majority willing to participate as well as the opposition willing to monitor, provided that all presidencies go through one path, which is the willing majority that is reassured by everyone with the agreement that Rejecting any candidate from the other components does not mean intersection with the component, but rather allowing this component to present other options, and the three presidents are representatives of all and enlist the support and respect of all.
6- Staying away from the policy of breaking wills, showing flexibility and offering mutual concessions, in order to meet with national and political participants, taking into account the electoral weights.
7- The ruling majority pledges to provide a safe cover for the parliamentary opposition, empower it in the House of Representatives, and consolidate its role in monitoring the performance of the government and holding it accountable if it is proven to be negligent, by chairing effective parliamentary committees and granting oversight bodies to the opposition and independent personalities who did not participate in forming the government. The opposition should also pledge Not to disrupt the sessions of the House of Representatives and the active attendance in it, and to allow the ruling majority to complete the constitutional entitlements.
8 - The framework and the forces allied with it shall form a negotiating committee to start a dialogue with the political parties, in order to put this initiative into practice.
9 - Leaving the option of participating in the next government or going to the opposition an open and available option for all without imposing on anyone.
Everyone undertakes to implement the obligations contained in this paper as follows:-
1- Undertaking to review all contracts, loans and appointments in the day-to-day management government from the date of dissolving the House of Representatives until the formation of the new government.
2- Amending the Elections Law according to Federal Court Decision No. 159 of 12/27/2021 regarding obligating the House of Representatives to amend the law, and a pledge to change and restructure the commission’s cadres, select a board of commissioners from among those recognized for their experience, and hold accountable those whose deficiencies are proven within the law.
3- Preserving the rights of minorities, protecting them and preserving their interests through equal opportunities, freedom of belief and other articles stipulated in the Iraqi constitution.
4- Organizing the relationship between the federal government in Baghdad and the Kurdistan Regional Government in a way that guarantees the rights of all and with high transparency, and finding appropriate solutions to the outstanding problems between them in accordance with the constitution for all issues, for example, the legislation of the federal oil and gas law and how to manage the country’s wealth and support the regional guard forces and the Peshmerga and their commitment to lead Commander in Chief of the Armed Forces.
5- Reconstruction of the liberated areas and solving the problems of the displaced that came as a result of the hateful ISIS terrorism and working on everything that enhances confidence in the political process through a government that cares for all.
6- Establishing a fund to support the poorest governorates, according to the official indicators of the Ministry of Planning, provided that the necessary funds are allocated to it within the financial budget to advance the reality of education, health and housing services for poor governorates.
7- All political forces pledge to reject and prevent attempts at normalization with the usurping Zionist entity.
8- Activating the oversight and parliamentary institutions and creating the appropriate legislation to fight corruption and not protect any person proven guilty according to the law.
9- Drafting a ministerial curriculum and a government program for the next phase, setting realistic time ceilings for its implementation, defining criteria for selecting the aspired ministerial team, and focusing on service aspects./ End 3 https://ninanews.com/Website/News/Details?Key=973928
Global Gold: Iraq Is Declining In Rank In The World's Largest Reserves Of The Precious Metal
Wednesday 04 May 2022 11:44 | economic Number of readings: 267 Baghdad / NINA / - The World Gold Council announced today, Wednesday, that Iraq has fallen one rank in the world's largest reserves of the precious metal, after the Egyptian Bank purchased large quantities of gold to surpass Iraq and some countries in its global ranking.
And the Council said in May of 2022 for its latest schedule for the month of March, that “Iraq fell one rank to reach 40th globally out of the 100 countries listed in the table with the largest gold reserves,” noting that “the Central Bank of Egypt bought a quantity of approximately 44 tons of gold. In February, it raised its gold reserves to 125 tons, thus exceeding several countries and reaching the 33rd place, after it was ranked 41.
He pointed out that "Iraq has still not provided any update on its gold holdings since October 2021, bringing its gold holdings to 96.4 tons, which represents 9.4% of the rest of its other reserves."
According to the council, “the gold reserves of the World Central Bank decreased by 4 tons in March as a result of the central banks selling quantities of it,” noting that “Kazakhstan was the largest seller in the month, as it reduced its gold reserves by 12 tons, and Uzbekistan sold one ton, in When Turkey controlled purchases, it added 5 tons to its gold reserves, while India bought 2.5 tons and Ireland added one ton.
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world. https://ninanews.com/Website/News/Details?key=973951
After Data On The Decline In Stocks, Oil Rises To 105 Dollars
Economie| 09:12 - 04/05/2022 Follow-up - Mawazine News: Oil prices rose at the beginning of Asian trading, today, Wednesday, after industrial data showed a decline in US crude and fuel stocks, which raised supply concerns.
The rise in prices comes against the background of news, on Tuesday, that the European Union is ready to impose new sanctions on Russia due to the Russian military operations in Ukraine targeting the Russian oil sector.
Officials said European Commission President Ursula von der Leyen is expected to announce the plans on Wednesday, Reuters reported.
By midnight, GMT, Brent crude futures rose 90 cents, or 0.9 percent, to settle at $105.87 a barrel.
West Texas Intermediate crude futures rose a dollar, or one percent, to $103.41 a barrel.
Market sources said, citing data from the American Petroleum Institute, that US crude and fuel stocks fell last week.
The sources said that crude stocks fell by 3.5 million barrels in the week ending April 29.
The US government is expected to release inventory data on Wednesday.
In the previous session, oil prices fell by more than 2 percent due to concerns related to demand due to prolonged closure measures in China to combat Covid-19. https://www.mawazin.net/Details.aspx?jimare=192056
Where Does The Excess Oil Price Differentials Go?
Money and business Economy News – Baghdad The financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified, on Tuesday, two directions for disbursing the expenses obtained from the increase in oil revenues due to the increase in oil prices globally in the 2022 budget.
Saleh said in a statement to the official news agency, "The expenditures obtained from the increasing revenues from oil revenues will be spent on a budget with an expansionary pattern in two directions, and the priority will be on three areas: the poor classes, food security and income-generating investment projects."
He added, "The first trend goes towards strengthening operational spending towards addressing the problems of poverty and poor classes, especially by supporting social welfare programs to include in their ranks the poorest segments to be integrated into the welfare programme, in addition to expanding the ration card work program and supporting grain producers for food security purposes."
He pointed out that "the other direction will be a shift towards income-generating investment projects that operate with productivity packages within strong investment payments."
He continued, "This will be evident in the budget law for the year 2022, and the preparation of the 2023 budget, in order to maintain economic growth that exceeds population growth and enhances job opportunities and prosperity in the national economy."
Views 448 Date Added 05/03/2022 https://economy-news.net/content.php?id=27869
The Stability Of The Dollar Exchange Rates In The Local Markets
Economie| 09:57 - 04/05/2022 Baghdad - Mawazine News The dollar exchange rates witnessed stability, today, Wednesday, in the local markets. The selling prices of the dollar were 147,850 dinars per $100, while the purchase prices of the dollar were 147,750 dinars per $100.
And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, while the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar. /m99 https://www.mawazin.net/Details.aspx?jimare=192059
The Pharmacists Syndicate Reveals Plans To Regulate The Pharmaceutical Market
Money and business Economy News _ Baghdad Today, Wednesday, the Pharmacists Syndicate revealed new procedures for regulating drug prices in pharmacies, while confirming the continuation of inspection tours.
The Secretary of the Pharmacists Syndicate, Mahmoud Shaker, said in an interview with the Iraqi News Agency, which was followed by "Al-Iqtisad News," that "the Ministry of Health and the Pharmacists' Syndicate have been working for more than a year to monitor the rise in drug prices."
He added, "The union worked on the issue of price stability by fixing the pricing in Iraqi dinars, with the basic pricing being between stores and pharmacies in the local currency."
He pointed out that "during the middle of this year, there will be inspection and monitoring campaigns for drug prices in order to organize the pharmaceutical market in a manner commensurate with the Iraqi currency and in cooperation between the Ministries of Interior and Health and the Pharmacists Syndicate," noting that Views 141 Date Added 05/04/2022 https://economy-news.net/content.php?id=27873
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SEC BOSS ISSUES WARNING TO CRYPTO EXCHANGES
U.S. Securities and Exchange Commission Chairman Gary Gensler has warned so-called crypto exchanges that they must follow rules.
The SEC is currently engaged in legal battles with such major exchanges as Coinbase, Kraken, and Binance. During a Wednesday interview with CNBC, Gensler stressed that the SEC would keep protecting the investing public.
"This is a field that is rife with fraudsters and scammers, and grifters," Gensler stressed.