KTFA:

Samson:  A representative request to extinguish the debts incurred by the beneficiaries of social welfare salaries

25th November, 2022

The Presidency of the House of Representatives received an official request, accompanied by parliamentary signatures, for the purpose of extinguishing the debts incurred by the beneficiaries of social welfare salaries, in order to include the debt extinguishing clause within the 2023 general budget

This is due to their inability to pay the debts incurred by them as a result of the difficult living conditions, as well as the wave of high prices that hit the markets and affected these classes.  LINK

Samson:  Putin stresses Russia's keenness to develop the relationship with Iraq

11/24/2022 18:33:47

Today, Thursday, Prime Minister Muhammad Shia Al-Sudani received a phone call from the President of the Federal Republic of Russia, Vladimir Putin.

And the government statement, of which {Euphrates News} received a copy, stated that: "During the call, they discussed the bilateral relations between the two countries, and ways to enhance them, as well as a number of regional and international files of common concern."

During the call, Al-Sudani expressed "the government's keenness to perpetuate the relationship with Russia in various fields," stressing that "the government pursues in its foreign relations a policy of openness and cooperation with Iraq's regional and international environment."

For his part, Putin congratulated the Prime Minister on the occasion of forming the government, expressing his "wishes for the success of its tasks," stressing "Russia's keenness to develop the relationship with Iraq, and the desire to develop it and open horizons for mutual cooperation."

LINK

ATPInfinity:  PUTIN KNOWS SOMETHING BIG AT THIS MOMENT; LOOKS LIKE COMPLETION!

"...Putin congratulated the Prime Minister on the occasion of forming the government,..."OH!!!! SAME DAY "...on Thursday, that the Prime Minister, Muhammad Shia' Al-Sudani, assigned the Ministries of Finance and Planning to expedite the preparation of the draft of the country's general budget for the year 2023."

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Samson:  Indian and Chinese companies acquired the largest share of Iraqi oil exports last month

24th November, 2022

The Iraqi Oil Marketing Company "SOMO" announced today, Thursday, that the Indian and Chinese oil companies were the most numerous to buy Iraqi oil during the month of October.

"Somo" said, in a statistic published on its official website and seen by Shafaq News Agency, "Indian and Chinese companies were the most numerous among other international companies in purchasing Iraqi oil, with 7 companies each out of 34 companies that purchased oil during the month of October." 

"Somo" added that "the American companies came second with 4 companies, then the South Korean companies came with 3 companies, and the Greek and Italian companies came fourth with two companies each, while the rest were distributed among the Spanish, (Dutch-British), Turkish, Russian and Egyptian companies." Emirati, Kuwaiti, Jordanian, and Malaysian companies, with one company for each.

"SOMO" indicated that it "relies in selling Iraqi oil on the main criteria for contracting with large, medium, independent and vertically integrated governmental international oil companies," noting that "the most prominent international companies that bought Iraqi oil are the Indian Hindustan Company, the Korean Cocas, and the Chinese Petrogyna, The American Exxon Mobil, the British Dutch Shell, and the Italian Eni.  LINK

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Samson: Member of Parliamentary Integrity: Major clues behind the theft of the century.. and the evidence is presented

11/25/2022 10:59:22

A member of the Parliamentary Integrity Committee said that there are "big threads" behind those accused of stealing the secretariats of the Tax Authority, which exceeded 3 trillion dinars.

Aliya Nassif told {Euphrates News} agency: "A sub-committee was formed within the Integrity Committee to follow up on the file of the theft of the century," indicating that "there are major threads being traced in this file." She added, "The so-called {Hussein Kawa} was born in the year 2000 and is involved in this case, as it is certain that he is a front for a larger corrupt personality, and that one of the personalities born in 1999 has a wealth estimated at billions of dinars, and this is evidence that they are a cover for bigger personalities." Nassif pointed out that "there is a qualitative development and a great effort, so that they made a qualitative leap in the work of the House of Representatives."

It is noteworthy that last October witnessed the disclosure of a huge embezzlement of trust funds in the General Tax Authority for the amount of 3.7 trillion Iraqi dinars (two and a half billion US dollars), and according to the Integrity Commission, the case is still under investigation to reach all those involved in it. Judicial arrest warrants were also issued against a number of parties to the case, most notably the director of the "Creators" company, Nour Zuhair Al-Muzaffar. A member of the Parliamentary Integrity Committee, Hadi al-Salami, revealed to Furat News yesterday that large sums of stolen money had been recovered.   LINK

Samson: Almost half of Iraq's financial surplus has been transferred to US bonds .. Is there a benefit for Baghdad ?

25th November, 2022

Iraq continues to increase its holdings of US bonds at a time when it is witnessing huge numbers of oil revenues as a result of the rise in oil prices, as not a month passes without Iraq buying US bonds, at a value of approximately $1.6 billion per month. 

The US Treasury said in its latest table, "Iraq rose two ranks to rank 32 among the countries with the largest holders of US treasury bonds of 38 countries listed in the table for countries with possessions of more than 32 billion dollars."

She added, "Iraq's possession of these bonds amounted to $36.9 billion for the month of September, up by 3.65% from August of 2022, and up by 105% from the same month of last year 2021."

She pointed out that "Iraq was the fourth largest Arab country after Saudi Arabia, Kuwait and the UAE, while Japan came at the top of the countries with the largest possession of these bonds, followed by China second and the United Kingdom third," noting that "the total bonds of the countries of the world amounted to 7 trillion and 296 billion dollars."

And Iraq buys these bonds as a result of achieving a monthly financial surplus, which has a comparison between its expenses and revenues. Speaking of the financial surplus achieved in the current year 2022, Iraq's possession of US bonds in the last month of last year, December, amounted to $22.5 billion.

During the 9 months of this year until September, Iraq's possession of US bonds amounted to $36.9 billion, which means that Iraq bought during the first nine months of this year $14.4 billion in US bonds.

Looking at the accounts of the Iraqi state until September, Iraq's total revenues during 9 months of the year amounted to more than 122 trillion dinars (more than 84 billion dollars), while its expenditures were about 79 trillion dinars (more than 53 billion dollars).

Thus, the surplus achieved by Iraq amounts to 31 billion dollars in 9 months, and during these same nine months, Iraq bought US bonds with 14.4 billion dollars of the achieved financial surplus, which means that more than 46% of Iraq's financial surplus turned into US bonds.

What led to the temptation of Iraq to transfer nearly half of its financial surplus to US bonds is the high interest rate approved by the US Federal Reserve during the current year, and the continuous increase that is expected to reach the end of this year by more than 4%.

Accordingly, Iraq can receive interest a year from now on the value of its current bonds at a value of approximately $1.5 billion, while its interest will rise further with the purchase of more bonds in the coming months with oil prices stabilizing above $70 a barrel, which is the price that represents the limit. The difference between Iraq's expenditures and the possibility of achieving a financial surplus.

And while Iraq bought US bonds with about half of the financial surplus it achieved, the other half is divided between buying gold, which since the beginning of this year amounted to about 34 tons of gold that Iraq bought during this year so far, bringing its reserves to more than 130 tons after it was not it exceeds 96 tons at the beginning of this year.

The average price of a ton of gold globally during the current year is approximately $50 million, which means that Iraq bought gold at $1.7 billion, in addition to bonds at $14.4 billion, meaning that it bought bonds and gold at more than $16 billion, and with this, it has converted more than from 50% of its financial surplus achieved so far into gold and US bonds.  LINK

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Samson:  The US State Department places Iraq among the worst countries that are not recommended to visit in 2022

24th November, 2022

The US State Department's travel advisory system ranked Iraq and six Arab countries among the 21 worst countries in the world that are "not recommended" to visit during the current year 2022, attributing the reason for these fears to "crime, terrorism and civil unrest".

According to a report by the American World Population website, seen by Shafaq News Agency, the worst countries in the world to visit came according to the travel advisory system of the US State Department, which is classified in the fourth category, which is represented by the phrase (do not travel).

And the worst 21 countries in the world to visit during the current year 2022, including Iraq and six other Arab countries, and these countries included:

(Afghanistan, Belarus, Burkina Faso, Central African Republic, Haiti, Iran, Iraq, Libya, Mali, Mexico, Myanmar, North Korea, Palestine, Russia, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela and Yemen).

And she stated that the fears that referred to Iraq that it is among the 21 worst countries in the world to visit during the current year 2022, came as a result of terrorist attacks posing a constant threat in Iraq, where peaceful demonstrations and protests could turn into violent acts without warning, and that some American citizens are also exposed. at risk of violence or kidnapping. LINK

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Clare:  The Iraqi Trade Bank notes a service for electronic payment of government bills

11-24-2022

 The Iraqi Trade Bank issued, today, Thursday, a notice of the availability of a service to pay government bills electronically.

The media expert at the bank, Aqil Al-Shuwaili, said in a notice received by the Iraqi News Agency (INA), that "the Iraqi Trade Bank would like to inform its customers of the availability of an application for the electronic collection service, through which government bills can be paid electronically through the smart systems of ministries, institutions and collection departments whose revenues are obtained from through bills and fees.

Al-Shuwaili added, "The service will facilitate transactions, simplify procedures, and support the e-government program to enhance and collect resources within a safe and transparent environment, as well as keeping pace with the development of electronic payment methods."   LINK