Iraqi News Wednesday Afternoon 9-7-22
Iraqi News Wednesday Afternoon 9-7-22
Tlm724 Administrator Bondlady’s Corner
The Federal Court Reveals Its Position On The Delay In Approving The Budget
Political | 03:59 - 07/09/2022 Baghdad - Mawazine News The Federal Supreme Court confirmed, on Wednesday, that the failure to pass the federal budget law is a violation of the provisions of the constitution and the goal for which the executive and legislative authorities were found.
In a statement received by Mawazine News, the Federal Authority said, "The failure to complete the formation of the executive authority despite exceeding all constitutional periods for electing the President of the Republic and forming the Council of Ministers, and the failure of the legislative authority to carry out its constitutional duties, especially approving the budget law as it is legally related to the people's food, is a violation of the provisions of the constitution and a violation of the goal." for which these powers existed.
She stressed, "All constitutional institutions, state institutions and parliamentary blocs adhere to the constitution and all its articles and foundations without selectivity or special interpretations and jurisprudence, as well as adherence to the legal and administrative contexts in force and emphasizing the unity of the state and the unity of policies drawn up in accordance with laws and regulations."
The court considered, according to the statement, that "the difference between state institutions or between parliamentary blocs is not resolved by imposing the other opinion, but through effective legislative, executive and judicial institutions, emphasizing the importance of work and participation in legislative and executive institutions, adherence to the legal powers of each authority, and non-interference in the affairs of institutions, authorities and ministries in contravention of the provisions of the Constitution." ".
The court indicated, "The failure to complete the formation of the executive authority despite exceeding all constitutional periods and the failure of the legislative authority to fulfill its constitutional duties, especially the adoption of the budget law, is a violation of the constitutional purpose for which the legislative and executive authorities were established." Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=204784
Iraq Is A Candidate For Membership In Two Committees And Two Positions In The Arab League
Political | 04:36 - 07/09/2022 Baghdad - Mawazine News The Council of the League of Arab States at the ministerial level nominated, on Wednesday, Iraq for membership in two committees and two positions.
Spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahaf, told the official news agency, "The Council nominated the Republic of Iraq for membership in the International Telecommunication Union (ITU) Council for the period (2023-2026), and for membership in the Radio Regulations Committee (RRB) of the International Telecommunication Union (ITU) for the period (2023- 2026).
He added, "The Council also nominated Iraq for membership in the Executive Council of the General Assembly of Human Settlements (UN-HABITAT) for the period (2023-2026), and also decided to nominate the Republic of Iraq (Dr. Muhammad Al-Haj) for the position of judge in the International Tribunal for the Law of the Sea (ITLOS) for the period (2023). -2032). Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=204787
Al-Kazemi And Plaschaert Discuss Support For The National Dialogue Initiative
Baghdad - Mawazine News Prime Minister Mustafa Al-Kadhimi received, on Wednesday, the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert.
A statement by Al-Kazemi's office, received by Mawazine News, stated that the meeting discussed developments in the political situation in Iraq, the state of political blockage in the country, and the efforts made by the government to contain the crisis and protect civil peace in the country.
According to the statement, the meeting stressed the importance of supporting the national dialogue initiative called for by the Prime Minister, and adopting the dialogue approach as the only way out of the current political crisis, and a guarantor of Iraq's security and the stability of the local arena, in a way that meets the citizens' demands and aspirations for a safe and dignified life.
The statement continued, that the meeting witnessed discussions on strengthening cooperation mechanisms between Iraq and the United Nations Mission in various files that support stability and community peace. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=204781
Oil Prices Fall On Renewed Demand Concerns
Economie| 08:35 - 07/09/2022 Follow-up - Mawazine News: Oil prices fell today, Wednesday, after Covid-19 restrictions in China and expectations of further interest rate hikes renewed fears of a global economic recession and reduced fuel demand growth.
Brent crude futures fell $1.12, or 1.2 percent, to $91.71 a barrel by 0113 GMT, after falling 3 percent in the previous session.
US West Texas Intermediate crude futures fell $1.25, or 1.4 percent, to $85.63 a barrel.
Oil's strong gains were pared on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+, decided to cut production target in October by 100,000 barrels per day. https://www.mawazin.net/Details.aspx?jimare=204740
Iraq's Oil Production Rises To 4.7 Million Barrels Per Day
Economie| 11:34 - 07/09/2022 Baghdad - Mawazine News, Iraq's production of crude oil increased by 67,000 barrels per day in August compared to July, but exports from the south of the country remained restricted due to delays in infrastructure modernization, according to data from the Iraqi Oil Marketing Company (SOMO).
The data showed that Iraq produced 4.651 million barrels per day of crude in August, which is consistent with its share under the “OPEC +” agreement, but exports fell 62 thousand barrels per day, which prompted Baghdad to direct the surplus from August supplies to storage tanks and domestic consumption, According to Reuters.
The increase in exports of Basra Governorate in southern Iraq did not succeed in compensating for a decrease in shipments by 45,000 barrels per day from the Kurdistan region of Iraq, as the governorate’s exports rose by only 25,000 barrels per day from July to 3.25 million barrels per day in August.
Iraq's attempt to increase its export capacity through its Gulf ports has faced setbacks due to delays in upgrading pumping stations.
The state-owned Basra Oil Company planned to increase the south's export capacity to 3.35 million bpd in August and 3.45 million bpd by September, compared to about 3.3 million bpd now.
The new target for export came after the Basra Oil Company missed the scheduled date to reach 3.45 million barrels per day in the second quarter of its export capacity.
https://www.mawazin.net/Details.aspx?jimare=204757
The Dollar Is Declining In The Iraqi Market
Economie| 10:39 - 07/09/2022 Baghdad - Mawazine News, the dollar exchange rates fell, today, Wednesday, on the Iraqi Stock Exchange.
And the selling prices of the dollar were 147,800 dinars per 100 dollars, while the purchase prices of the dollar were 147,700 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=204749
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