Monday PM Iraq Economy News Highlights 6-27-22
Monday PM Iraq Economy News Highlights 6-27-22
Deputy For Al-Fateh: The Exchange Rate Reduction Will Soon See The Light
Economic Last Update 06/27/2022 | 12:11 PM Information/special... Member of Al-Fateh Alliance, Suhaila Al-Sultani, confirmed, on Monday, that the issue of reducing the dollar exchange rate is soon after collecting the signatures of 100 deputies to vote on reducing it under the dome of the House of Representatives.
Al-Sultani said in a statement to "The Information", "The Sadiqoun Parliamentary Bloc, with the follow-up of Representative Uday Awad, is seeking to reduce the exchange rate more than a year after its change."
She added, "The paper in which the signatures were collected, was attended by all the deputies of the political blocs affiliated with the coordinating framework," noting that "the exchange rate change will be soon."
It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives. finished/25
https://almaalomah.me/2022/06/27/605647/
The Kurdistan Region Authority Hands Over Kurdistan Gas To Turkey, And Baghdad Negotiates To Circumvent The Federal Decision
Politician Last Update 06/27/2022 | 9:32 AM The information/Baghdad… The region’s authorities, led by Barzani’s party, are seeking to hand over Kurdistan gas to Ankara after Barzani’s visit there and his meeting with Turkish officials, at a time when Erbil is trying to circumvent the Federal Court’s decision by including the oil file within the political negotiations on forming the government.
Former MP Jassem Al-Bayati told Al-Maalouma, "The coordination framework is determined to reject the demands of Barzani's party related to legal violations in the oil file and the abolition of the oil and gas law in the region. The interests of this party cannot be achieved and achieved by imposing conditions on the framework."
On the other hand, former MP Ghaleb Muhammad told Al-Maalouma that "the region contains a reserve of 5.7 trillion standard cubic meters of natural gas, at a time when Erdogan confirmed that his country depends on the gas in the region, as this came during Nechirvan's visit." Barzani to Turkey to conclude a political and economic agreement between Turkey, the UAE, Qatar and Israel to acquire gas found in the Middle East.
In addition, the oil expert, Hamza Al-Jawahiri, explained to “The Information” that “the decisions of the Federal Court must be applied to oblige the region to work according to the law to preserve the oil companies operating on its lands, as working to the contrary will lead to the withdrawal of those companies.” finished 25 https://almaalomah.me/2022/06/27/605628/
Al-Maliki: The Country Is On The Verge Of An Economic Reform Process
06/27/2022 Head of the State of Law Coalition, Mr. Nouri Al-Maliki, receives the British Ambassador to Iraq
The President of the State of Law Coalition, Mr. Nuri al-Maliki, received in his office today the British Ambassador to Iraq, Mr. Mark Bryson Richardson.
During the meeting, they discussed the future of bilateral relations between the two countries, as well as the latest political developments and ongoing dialogues in order to complete the constitutional entitlements.
His Excellency affirmed Iraq's keenness to strengthen its relations with all countries of the world, stressing the importance of increasing cooperation between Baghdad and London in various fields, indicating that the country is on the verge of a process of economic reform and development after forming a strong government capable of meeting the aspirations of the Iraqi people.
The head of the State of Law coalition indicated that Iraq needs the support of all national forces in uniting efforts and giving priority to the public interest.
In turn, Ambassador Richardson expressed his country's keenness to strengthen and develop bilateral relations with Iraq, stressing that Britain stands at the same distance from all parties.
https://earthiq.news/archives/105161
A Wave Of Withdrawals Threatens Oil Production In “Kurdistan”, And An Expert Comments On The Repercussions
06/27/2022 Today, Monday, the economic expert, Nabil Al-Marsoumi, expected negative repercussions against the background of Schlumberger's decision to withdraw from the Kurdistan region.
Al-Marsoumi said in a clarification seen by Earth News: "Schlumberger International decided in a letter it sent to the Minister of Oil to abide by the decision of the Federal Court not to work in the Kurdistan region and not to submit to any tender in the oil and gas sector in Kurdistan."
He explained that "Schlumberger is the world's largest oilfield services company, employing about 100,000 people representing more than 140 nationalities working in more than 85 countries around the world, and it has four main executive offices located in: Paris, Houston, London, and The Hague." .
He added, "The company offers a package of products and services through assessment of directional and stimulation drilling formation, well drilling, software, information management and IT infrastructure services that support core industrial operations."
The economic expert pointed out that “this decision is negative on oil production in Kurdistan, especially since Schlumberger and the American energy company Halliburton (which appears to be on the way to withdraw) have work contracts in the northern oil fields, including (Taqqaq), (Tawki) and (Chamchamal). ) and (Kormore), and (Khurmalah).
And the American company Schlumberger Oil Field Services announced, earlier today, its commitment to the decisions of the Federal Court related to the oil of the Kurdistan region.
And the company confirmed, in a letter it sent to the Iraqi Oil Ministry, its commitment to Federal Court Decision No. 59, which includes not dealing with the Kurdistan region with regard to the oil file.
Earlier, the American company, Baker Hughes, the global giant in the field of oil field services, announced its commitment to the decisions of the Federal Court regarding the oil of the Kurdistan region.
https://earthiq.news/archives/105131
The Minister Of Oil Puts 3 Files On The American Honeywell Table
Time : 06/26/2022 {Economic: Al-Furat News} Oil Minister Ihsan Abdul-Jabbar Ismail put the files of training, liquidation projects and infrastructure on the table for discussion with officials of the American company Honeywell.
This came during a meeting with the Minister of Oil at the ministry's headquarters in Baghdad, General Manager of Honeywell Company in the Middle East James Moshe.
The ministry stated in a statement that {Euphrates News} received a copy of it, that: "During the meeting, they discussed enhancing cooperation between the ministry's companies and Honeywell, especially in the areas of training for workers in the oil sector and in the implementation of investment projects in the liquidation and infrastructure sector."
She added, "The meeting was attended by the Vice President of Honeywell Company in the Middle East and North Africa." The American Honeywell Company is one of the largest American companies in the field of complex electronic technologies, pumping, transmission and distribution of oil, filtration and energy industry. https://alforatnews.iq/news
Al-Kazemi's Advisor Reviews The Government's Measures To Confront Inflation
Money and business Economy News – Baghdad Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, said on Monday that the state has kept the prices of its services fixed to face inflation in all its forms.
Saleh said in a statement to the official newspaper, that "the global inflation crisis has greatly affected Iraq, as it imports the ration card items, which represent basic commodities for the citizen by 90 percent," noting that "the rise in prices globally negatively affected the country."
He added, "The poor classes depend on the ration card items equivalent to 80 percent of their income, which the government is forced to provide despite the great financial burden to avoid nutrition problems and the increasing area of poverty and famine."
And Saleh added, "The government also provides financial support for agricultural production supplies of fertilizers and seeds, as well as materials for the production of eggs and chickens, of which Iraq imports 70 percent of them from abroad," noting that "it has taken another measure represented in zeroing the cost of taxes from duties and customs on goods." For a period of six months, renewed every three months, which contributes to absorbing a large part of inflation and price hikes.
He continued, "The energy crisis is no less dangerous than the food crisis, for without government support for oil derivatives, especially gasoline, a large part of which is imported daily despite the high prices globally, great problems would have occurred," stressing that "the state kept the prices of its services fixed to face inflation. in all its forms.” https://economy-news.net/content.php?id=28659
Adviser To The Prime Minister: The Government Is Moving To Launch Anti-Inflation Policies In The Markets
Time: 06/27/2022 {Economic: Al Furat News} The government is heading to launch anti-inflation policies in the country during the next stage to confront the food and energy crisis after it increased in global markets by 45% from the previous one.
Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, said in a press statement that "the global inflation crisis has greatly affected Iraq, as it imports the ration card items, which represent basic commodities for the citizen by 90 percent," noting that "the rise in their prices globally has a negative impact on the country." ".
He added that the poor classes depend on the ration card items equivalent to 80 percent of their income, which the government is forced to provide despite the great financial burden to avoid nutrition problems and the increasing area of poverty and exposure to famines.
Saleh added, that the government also provides financial support for agricultural production supplies such as fertilizers and seeds, as well as egg and chicken production materials, of which Iraq imports 70 percent of them from abroad, noting that it "took another measure represented in zeroing the cost of taxes from duties and customs on goods for a period of time." Six months, renewed every three months, which contributes to absorbing a large part of inflation and price increases.
However, he added that the energy crisis is no less dangerous than the food crisis, for without government support for oil derivatives, especially gasoline, a large part of which is imported daily despite its high prices globally, great problems would have occurred, stressing that “the state has kept the prices of its services fixed to face inflation in all its forms.” ". https://alforatnews.iq/news/
Al-Maliki: The Country Is On The Verge Of An Economic Reform Process After Forming A Strong Government
Time: 06/27/2022 {Local: Al Furat News} Head of the State of Law Coalition, Nuri al-Maliki, confirmed, on Monday, that the country is on the verge of a process of economic reform and development after the formation of a strong government capable of meeting the aspirations of the Iraqi people.
And his media office stated in a statement received by {Euphrates News} that "the latter received in his office today the British ambassador to Iraq, Mark Bryson Richardson, and during the meeting, they discussed the future of bilateral relations between the two countries, as well as discussing the latest developments in the political situation and the ongoing dialogues in order to complete the constitutional entitlements." ".
He stressed, "Iraq's keenness to strengthen its relations with all countries of the world," stressing the importance of increasing cooperation between Baghdad and London in various fields, "noting that the country is on the verge of a process of economic reform and development after forming a strong government capable of meeting the aspirations of the Iraqi people."
The head of the State of Law coalition indicated that "Iraq needs the support of all national forces in uniting efforts and giving priority to the public interest."
In turn, Ambassador Richardson expressed his country's keenness to strengthen and develop bilateral relations with Iraq, stressing that Britain stands at the same distance from all parties.
Parliamentary Integrity Is Moving Towards The Dismissal Of The Head Of The National Pension Agency
{Politics: Al Furat News} A member of the Parliamentary Integrity Committee, Ahmed Taha Al-Rubaie, announced today, Sunday, his intention to collect parliamentary signatures to interrogate and dismiss the head of the National Retirement Authority, Iyad Al-Jubouri, due to the reluctance to manage the retirement file in Basra.
Al-Rubaie said in a statement that {Euphrates News} received a copy of it, “The delay in managing the file of the retired education and petrochemicals in Basra by the head of the retirement authority is a humanitarian crime against those who were referred to retirement more than a year ago after they completed their job duties and served their country, and that orders Al-Jubouri by not promoting their transactions is a legal violation of the clear and explicit provisions of the Unified Retirement Law No. 9 of 2014, and it is unjustified to hold retirees responsible for the shortcomings and problems of government institutions among them.
He stressed, "The absence of a clear position for the Ministers of Education and Industry means discrimination and agreement with the Chairman of the Retirement Authority in targeting Basra and its retired sons, while they should have moved quickly to solve the problem."
Al-Rubaie added, "The current head of the authority is using his powers arbitrarily towards the province of Basra by preventing the promotion of retired transactions, as well as withdrawing an amount of more than 8 billion dinars from the account of retirees in Basra to the general retirement account, and transferring the salaries of retirees without their knowledge from the MasterCard card. To Al-Nakhil Company, it is considered serious violations, in addition to other files and complaints we received related to the management of the authority, which is what necessitates the Minister of Finance to stand up to it, investigate and scrutinize it.”
He expressed his astonishment at the "Prime Minister and the Speaker of Parliament for the lack of a position for them despite the appeals, calling on them to intervene directly and quickly by pressing the retirement authority to solve this problem, which resulted in harm to citizens' lives and pensions and an insult to their dignity and caused them health and psychological problems and deaths due to the nature of retirees' large ages and what It is accompanied by chronic diseases.
Al-Rubaie stressed, "It is necessary for the supervisory authorities, such as the Financial Supervision Bureau and the Integrity Commission, to perform their duty to review this file, diagnose the party of default, and hold it accountable." https://alforatnews.iq/news