KTFA Members "News and Views" Saturday PM 1-8-2022

KTFA:

Clare: The death of the former central bank governor

07:51 – 08/01/2022Baghdad – Mawazine News

The former governor of the Central Bank of Iraq, Sinan Muhammad Al-Shabibi, died, on Saturday, in the Swiss city of Geneva.

Nawar Al-Tamimi, one of the relatives of the late governor, said, in a statement received by Mawazine News, a copy of it, that “with hearts that believe in God’s decree, we were saddened a short while ago by the death of my uncle Sinan Muhammad Reda Al-Shabibi, the former governor of the Central Bank of Iraq, who passed away in Geneva / Switzerland today.” .

And she added: “Our dear deceased was the son of my late grandfather, Muhammad Reda Al-Shabibi and his youngest son. The brother of the late martyr Asaad and my father Akram, Amjad Al-Shabibi, brother-in-law, the owner of gold and the late, Ahmed Al-Muzaffar and the late, Sadiq Al-Shabibi and Fadel Abbas Mahdi, Mahdi Al-Naqib, and father, Reda Al-Shabibi and Ali Al-Shabibi.

And she continued, “Sinan al-Shabibi was raised and raised under that father. He was honest, efficient, and dedicated to his work for the interest of Iraq even before his appointment as governor of the Central Bank.

Sinan did not change his position, where he lived and died while he was clean.

Malak, my beloved uncle Sinan and to those who knew him, your memory will remain in our hearts pure, how can we forget uncle Sinan, who was loving to all, kind, quick-witted, good-natured, the simple person in his life and even his death. Ended 29/R77

Luv2Travel:  My heart is breaking that this wonderful man that endured such hardship and was torn from his country did not see this come to fruition! What a great man and a great scholar!

Ahwman:  I wholeheartedly agree.  What a shame he didn’t live to see the fruits of his labor come to full fruition…

Billuke:  What a shame indeed.  Perhaps the admins could post the video of Bluestar asking him a question about the dinar in that news conference many years ago.  

Bebop:  Dr. Shabibi and Bluestar/John  https://www.youtube.com/watch?v=ol8wve53-ME&feature=youtu.be

Frank26:  “THE STARS ARE ALIGNING FOR THE CBI AND THE GOI”……….F26

The UAE witnesses a historic day tomorrow

01/06/2022 08:34:16

Tomorrow, Friday, the UAE will witness the first government working day in the country’s history, within a new weekly work system.

Employees of the federal government sector and local governments, with the exception of Sharjah, begin their work for a period of 4 and a half hours, from 7.30 am to 12:00 pm, according to the implementation of the implementation of the new system of weekly work announced by the UAE government, and entered into force at the beginning of the new year 2022, to be 4 working days, from Monday to Thursday, half working day on Friday, and the weekly holiday on Saturday and Sunday, plus Friday in Sharjah.

From Friday, mosques will start unifying the date of the Friday sermon and prayer, so that it will be at 1:15 in the afternoon throughout the year, and in Sharjah, the date of the Friday sermon, prayer and residence will remain on schedule, according to the Hijri calendar.

The new work system will include the possibility of applying flexible working hours, and the remote work system on Friday in the federal authorities, provided that the federal authorities approve the implementation mechanisms, as required by the interest of the workflow in these authorities.

The new weekly work system will enhance the UAE’s position on the business map as a global economic center, as it will contribute to strengthening the integration of the national economy with various economies and global markets.

And it enhances its important and effective strategic position in the global economy, especially since the new system of weekly work ensures that the days of exchanges and commercial, economic and financial transactions are identical with the countries that adopt the weekly holiday on Saturdays and Sundays.

The adoption of the new system of working days and weekly holidays will support the financial sector, as it will harmonize with working days in international stock exchanges and financial markets, in addition to international banks, and thus the new system will enhance the performance of the stock markets, banks, insurance companies, and foreign trade of the UAE.  LINK

Samson:  Global gold reserves decline, and Iraq maintains its 39th position

7th January, 2022

The World Gold Council announced, on Saturday, a decline in the world’s gold reserves after the central banks of countries sold large quantities of gold within one month, while Iraq maintained its global position.

In its latest schedule for the month of January 2022, which was reviewed by Mawazine News, the council said that “the global reserves of gold declined as a result of the central banks selling large quantities of it, amounting to 21.5 tons of gold,” noting that “Uzbekistan sold gold by 21.5 tons to reach to 353.6 tons, while Turkey sold 7 tons, Russia 3.1 tons and the Kyrgyz Republic 1.4 tons.

He added that “a small group of buyers bought quantities of gold, namely Kazakhstan 4.3 tons, Poland 3.4 tons, India 2.8 tons, and Ireland 0.7 tons.”

He pointed out that “Iraq maintained its global position 39 for the sixth consecutive month out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 9% of the rest of its other reserves.”

He explained that “Iraq also maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon,” noting that “the total possession of gold in the five Arab countries amounts to 996.5 tons.”

He pointed out that “the United States still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,359 thousand tons, and then Italy, 2,451 thousand tons, while Suriname ranked 100, with 1.5 tons, preceded by Yemen, with 1.6 tons.”   LINK

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Samson:  Kurdistan Democratic Party: We will resolve the issue of the candidate for the presidency of the Republic this evening

8th January, 2022

The Kurdistan Democratic Party announced that the joint Kurdish delegation currently visiting Baghdad will decide today the issue of the candidate for the position of President of the Republic, who is from the component’s share according to the political custom in force in the country.

Party spokesman Mahmoud Muhammad said, after a meeting held by Democratic Party Chairman Massoud Barzani, with the head of the “Advancement” alliance Muhammad al-Halbousi, the head of the “Azm” alliance Khamis al-Khanjar, and the delegation accompanying them in Erbil that “the delegation (which includes al-Halbousi and al-Khanjar) was in a hurry and returned To Baghdad,” adding that “the Sunnis, although they are two different lists, currently agree to participate in the next government, and that they (the two lists) are close to the Kurdish side.”

And he went on to say that we are waiting for “work for the Shiite brothers to come to an agreement among themselves, and that the political process does not delay any longer,” stressing regarding the position of the President of the Republic, Muhammad said that “until this evening, we will decide the issue of the candidate for the presidency of the republic,” adding that “today the issue of the presidency of the republic will be resolved by virtue of the fact that the delegation of our two parties (the Democratic and National Union) is in Baghdad and has the authority to resolve this issue.” He also pointed out that “the Kurdish priority in the next squad is the real partnership in governing the country, as well as the constitutional balance.”   LINK

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Harb: The election of Al-Halbousi will be the fastest, and hours separate him from the presidency of the House of Representatives

8th January, 2022

A legal expert, Tariq Harb, said, on Saturday, that the election of the head of the Progress Alliance, Muhammad al-Halbousi, to the presidency of the House of Representatives will be the fastest.

In an interview with Mawazine News, Harb said, “The election of Al-Halbousi as Speaker of Parliament will be the fastest in the history of the Parliament Speaker’s elections, due to the great parliamentary support he obtained that guarantees his obtaining the Sadrist, Sunni and Kurdish parliamentary majority.” He added, “As Al-Halbousi separates from the position only hours tonight.”   LINK

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Samson:  Leading By Law: Choosing The Prime Minister Will Be A Surprise To Everyone

8th January, 2022

Leader of the State of Law coalition, former MP Jassem Muhammad Jaafar, ruled out, on Saturday, that the winning Shiite forces would go to the House of Representatives unilaterally, indicating that the choice of the next prime minister would be a surprise to all.

Jaafar said in a statement to Al-Maalouma, “The talk about the continuation of the political dispute between the winning forces in the elections, namely the coordination framework and the Sadrist movement, is incorrect,” stressing that “there is a rapprochement that will end with the formation of a Shiite majority political bloc.”

He added, “Putting names to take over the three presidencies aims to burn those names by the opponents,” noting that “the next prime minister will be chosen suddenly, and the crisis will be resolved before the deadline expires, four hours or less.”

Jaafar pointed out that “choosing the presidency of the parliament and the republic is not an easy task and needs internal understandings, and then put it to the Shiite forces to gain the confidence of parliament, which will delay the end of the formation of the government for several months.”  LINK