More Iraqi News Early Tuesday PM 10-26-21
More Iraqi News Early Tuesday PM 10-26-21
TLM724 Administrator BondLady’s Corner
The Appearance Of Muhammad Salih To / NINA /: The Surplus Oil Price Revenues Will Go Towards Achieving Economic And Social Well-Being
Tuesday 26 October 2021 10:47 | EconomicNumber of readings: 478 Baghdad / NINA / - Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed that: the surplus oil price revenues will tend to achieve economic and social prosperity.
He told the National Iraqi News Agency ( NINA ) that: The general budget in 2022 will achieve a surplus, especially if the average annual oil barrel increases to be at least 75 dollars.
Saleh added: This surplus will be directed in two directions, the first: building a precautionary financial account called the “budget stability account,” which is the government’s foreign reserve to counter the fluctuations of public budget revenues in the coming years, and it is called the “budget stability fund to achieve financial sustainability.”
He continued: As for the other side, the financial surplus will be spent on investment projects, especially faltering income-generating projects that maximize the added value, absorb the momentum of unemployment and help raise growth in the gross domestic product by no less than 5% or double the annual growth of the country's population, in a manner that achieves the minimum limits of economic and social welfare. . https://ninanews.com/Website/News/Details?Key=935277
After A Rally, Oil Returns To The Red Zone
Economie| 11:08 - 26/10/2021 Follow-up - Mawazine News: Oil prices fell, on Tuesday, after a rally driven by strong demand in the United States, the largest consumer of oil and its derivatives in the world.
US West Texas Intermediate crude futures fell 0.3 percent to $83.55 a barrel, by 01:43 GMT.
Brent crude futures also fell 0.2 percent to $85.79 a barrel, after rising 0.5 percent on Monday.
"The outlook for a cooler November has energy traders bracing for a very tight market with unprecedented demand this winter," Edward Moya, chief market analyst at OANDA, said in a note.
For its part, Goldman Sachs said that a strong recovery in global oil demand could push Brent crude prices.
After more than a year of reduced demand for fuel, consumption of gasoline and distillates is back in line with five-year averages in the United States. https://www.mawazin.net/Details.aspx?jimare=172536
US Ambassador: We reject the threat of the Electoral Commission and the Iraqis are able to manage their affairs
Political | 04:25 - 10/26/2021 Baghdad - Mawazine News The US Ambassador to Baghdad, Matthew Tueller, announced his country's government's rejection of the Electoral Commission's threat, stressing that the Iraqis are able to manage their affairs without outside interference.
Tueller said during the first day of the Miri Forum in Erbil, that the strategic agreement defined our relations with Iraq, and we helped Iraq in dozens of ways.
The US ambassador in Baghdad pointed out that Iraq will "reduce emissions of harmful gases."
He pointed out, "America paid ten million dollars to UNAMI for the success of the elections," noting that the commission "was able to hold good elections in Iraq," stressing, "We reject the threat of the election commission."
Tueller explained that "the Iraqis can manage their affairs without external interference." Ended 29
https://www.mawazin.net/Details.aspx?jimare=172579
The Presidency Of The Republic Sends An Invitation To The Next Parliament
Today, Tuesday, Adviser to the President of the Republic, Abdullah Al-Zaidi, determined the fate of the corruption proceeds recovery law, while he invited the next parliament.
Al-Zaidi told the Iraqi News Agency: "The law for recovering corruption proceeds was written in the corridors of the Presidency of the Republic by Iraqi experts, judges, lawyers and university professors, in addition to the contribution of advisers to the Presidency of the Republic by law."
He added that "the bill to recover corruption proceeds was sent to the House of Representatives, and went to the Legal Committee in the House of Representatives, but it was not voted on in this parliamentary session," expressing his hope "that the law will be studied objectively and thoroughly by the House of Representatives in the next session with the possibility of The amendment, making observations, and sending it to the Presidency of the Republic again.
He stressed that "the law to recover the proceeds of corruption is important for Iraq and provides the state treasury with the money that was stolen, after it is voted on by the House of Representatives."
The President of the Republic, Barham Salih, stressed, earlier, that the draft law on the recovery of corruption proceeds represents a step that complements the basic role of the efforts of state institutions and integrating roles and coordination between them in combating corruption and recovering the proceeds of corruption,
as it includes proactive measures aimed at preventing corruption from occurring, and subsequent procedures that work to recover funds Corruption and its revenues, and to benefit from successful international experiences in combating corruption.
The head of the Council of Advisors in the Presidency of the Republic, Ali Shoukry, confirmed, earlier, that the law on recovering corruption proceeds crossed the loopholes and adopted international conventions, as the law received wide support from various active political blocs.
https://www.radionawa.com/all-detail.aspx?jimare=26183
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