More Iraqi News Saturday Night 4-30-22
More Iraqi News Saturday Night 4-30-22
TLM724 Administrator BondLady’s Corner
Al-Kazemi’s Advisor: The 2022 Budget Is Complete, And The Surplus Is 25 Trillion
Economie| 10:23 - 30/04/2022 Baghdad - Mawazine News Technical Adviser to the Prime Minister, Haitham Al-Jubouri, announced the completion of the 2022 budget by the Ministry of Finance, and
while he revealed the size of the financial surplus achieved from the increase in oil prices, he indicated that opening the door for import reflected positively on the drop in prices.
Al-Jubouri said, "The government has taken several measures to control prices," noting that
"the customs exemption is temporary and includes foodstuffs, and the opening of the import door reflected positively on the drop in prices."
He added, "The Iraqis own 50 trillion dinars in homes," stressing that
"the presence of money in homes is caused by a lack of confidence in banks."
He pointed out that "Iraqi banks have become expelling the customer, and some private banks are without customers."
Regarding the local product, Al-Jubouri said, "Feed is available and it is covered by the protection of the local product," explaining that "
He pointed out that "Iraq is without food security, and does not have food stocks for two months or a month," stressing,
"We need to import 50 percent of the wheat."
He explained, "The surplus achieved from the increase in oil prices amounts to 25 trillion dinars," noting that "
the Food Security Law is not a substitute for the budget."
And he indicated that "the 2022 budget has been completed by the Ministry of Finance," noting that "the salary scale has been completed since 2017."
He stressed that "political pressures have hindered the approval of the salary scale," noting that "the salary scale has reached the voting stage, but it has not been approved."
He stressed the employees to pressure Parliament to pass the Civil Service Law. Ended 29 / p. 87
After Directing The Parliamentary Finance To Send It.. A Statement From The Government Financial Advisor Regarding The 2022 Budget
Sunday, May 1, 2022 12:33 PM National News Center / Special The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Sunday, that the Finance Prosecution's invitation to send the draft federal general budget bill for the year 2022 is a positive development in the country's legislative path and sends a signal of high optimism to the private sector.
Saleh said in a statement to the "National News Center", "The Finance Prosecution's invitation to send the draft federal budget law for the year 2022 is a positive development in the country's legislative path," noting that
"charting a map of the economic future and removing ambiguity in the components and landmarks of the economic process and sending a signal of high optimism." for the private sector to follow through on its investment decisions and launch its market-moving activities.”
He added, "The legislative authority has realized the importance of time in sustaining the country's higher economic and financial interests that are provided by the annual financial plan through the legislation of the budget law itself,
which is the correct foundation on which the legislature has taken a high responsibility without disrupting the economic and financial interests of the Iraqi people and their aspirations in shaping the features of economic growth.
The goal is to launch investments, programs, and degrees of appointment set forth in the General Budget Law.
And he indicated that "in all cases, sending the federal general budget bill to the House of Representatives will be the first economic signal for the legislative path in the path of clear-cut economic and social development that will enable the country's supreme policies to work with high efficiency without disruption," stressing that
"the adoption of a law The federal general budget will include in its expenditure aspects (current and investment) the texts of the emergency project for food security and development to become an integral part of the components of that unified financial document, and this realizes the importance of those concerned in financial and economic affairs. https://nnciraq.com/125116/
Most Notably, Gold And The Dollar.. Proposals To Preserve Savings And Avoid Sudden Price Hikes
Investigations and Reports 25-04-2022, 12:05 Baghdad
The rise in prices and the weakness of the currency, as well as global inflation and its impact on the markets in general, constitute a source of great concern for Iraqi families, as
it threatens their savings, and turns them into part of their daily expenses, while
specialists in economic affairs have given advice to citizens to preserve their savings and avoid market fluctuations.
The economist in the Middle East affairs, Abdul Rahman Al-Mashhadani, told the Iraqi News Agency (INA), that "the classification of the middle class in society is divided between two types, the
first belongs to those with stable incomes, and these people have more monthly income than their monthly expenses, which allows them to save part of the money and invest it."
As for the other type, those whose monthly income is dedicated to meeting daily requirements, and there is no surplus.
He explained, "The first type of middle-class classifications is exposed to losing their savings with the large fluctuation of prices and the devaluation of the dinar,"
while he made proposals to maintain the minimum profits, including diversifying the investment portfolio, allocating part of the saved money to buy gold and converting the other part into dollars, to side of real estate purchase.
coin holding
Meanwhile, Duraid Al-Anazi, an economist, confirmed to the Iraqi News Agency (INA) that "the middle class usually has its savings in banks, which leads to its exposure to weak purchasing power in the market, because the issue of rising prices continues," noting that
"gold is not available." In large quantities, citizens can rely on it,
as well as keep currencies such as the dollar, the euro and the Kuwaiti dinar.
He added, "The issue of buying real estate requires effort and time in case the citizen needs money, as the stages of completing the sale and tax transaction when transferring ownership are losses of time and money,"
calling "owners of medium savings to invest in currencies as a guarantee to maintain their purchasing power."
buy shares
In turn, the economic expert Manar Al-Obaidi disclosed to the Iraqi News Agency (INA), that "after the conditions of increasing global inflation and high prices, it is better for citizens to resort to guaranteed investments, including buying gold, in addition to moving towards long-term and fixed investments, such as real estate or deposits in banks.
Although it can be dangerous as a result of declaring bankruptcy or changing prices and currency depreciation, which leads to a reduction in the financial mass of the amounts in banks.”
He pointed out that "one of the investment methods is to buy shares in some solid and stable companies over the years, which contributes to preserving money." https://www.ina.iq/154529--.html
Exxon Mobil Stops Its Work In The Region And Leaves
Saturday, 30 April 2022 11:35 AM Follow -up / National News Center
The American oil and gas company, "Exxon Mobil", stopped its business in Kurdistan and the region left as a result of the pressures exerted by the Iraqi government and the US State Department.
Exxon Mobil is the largest international trade institution in the world of oil and natural gas in the world. It has a pioneering stock in this industry of oil and gas resources worldwide.
It is also the largest refining and marketing company for petroleum products in the world, and its chemical company occupies a center among the largest international companies. https://nnciraq.com/124859/
Historic Sawa Lake Disappears From Iraqi Map
The Sawa Lake in Iraq has been associated with tales of history and human activity for hundreds of years, but today it has turned into just another plot of the desert that used to surround it after it has completely dried up.
Adnan Abu Zeed@adnanabuzeed April 28, 2022 Lake Sawa, located in Muthanna governorate in southern Iraq, has completely dried up, and so this unique water spot that was located in the middle of the arid desert for thousands of years has disappeared.
The name of this lake was mentioned in history books and religious novels, some of which mention that its waters raged on the day of the birth of the Prophet Muhammad.
Iraqis call the salty lake the Pearl of the South, and its water contains minerals used for medicinal purposes.
For some Shiites, its drying up presents itself as a sign of the appearance of Imam al-Mahdi, a descendant of the Prophet Muhammad, who is to appear after an absence of hundreds of years to rule the world with justice. This has led people to believe the dryness of the lake is a matter of belief.
Hamid al-Nayef, official spokesman for the Ministry of Agriculture, told Al-Monitor, “The land investors near the lake have illegally and randomly dug more than 1,000 wells, which caused a shortage in the lake’s water.”
He believes that the solution lies in “stopping the investors’ abuses on the waters of the lake, and this is not the responsibility of the Ministry of Agriculture but that of both the Ministry of Water Resources and the local government in Dhi Qar.”
Nayef said, “When the Ministry of Agriculture approves an investment project, it requires investors to obtain the approval of the Ministry of Water Resources.”
Aoun Diab, consultant at the Iraqi Ministry of Water Resources, told Al-Monitor, “Indications of a decrease in the lake water started gradually years ago as a result of agricultural investments in the Samawa desert, where the lake is located, which led to the depletion of the Dammam water-bearing layer, according to hydrological experts.”
He said, “Closed dam areas have come to form on the banks of the lake as well as around the springs from which water flows into the lake as a result of the deposition of salts caused by high evaporation.”
Diab noted, “The lake is deemed as a rare natural phenomenon, being in the middle of a dry and arid desert, and the salts have been greatly concentrated in it for many years, which made it unfit for aquatic life, except for rare and strange-shaped fish.”
He added, “It would have been possible to completely protect the lake from drying up had some efforts been deployed as soon as its water started drying.
This would have been possible if the agricultural and irrigation projects in the area that caused the decline in the water level of the lake had been immediately stopped, but the matter is not easy because this intersects with investment interests in the region.”
Aoun revealed “a plan that was developed in a bid to include the lake in the wetlands included in the International Ramsar Convention, concerned with the sustainable use of wetlands, the prevention of their drying up and the development of their economic, cultural and scientific role as well as their recreational value.
But the plan is no longer viable as the lake has completely dried up.”
Aoun added, “The drying of the lake is also a natural result of the drought that has affected the Western desert and the Samawah desert, which have not seen rain for years.
The wells in the Ayn al-Tamr area in Karbala have also dried up, as a result of the unjust exploitation of groundwater for the cultivation of wheat.”
Abbas al-Amiri, director of the Environmental Analysis Unit in Al-Muthanna Environment Department, told Al-Monitor, “The deepest point in the Sawa Lake is about 7 meters [23 feet], and it is about 5 meters [16 feet] above the level of the surrounding land and the Euphrates.”
The amazing thing about Lake Sawa, according to Amiri, is that it “does not connect to any surface water source, and it is completely closed. The only source feeding it is groundwater from deep caves with unknown depths.”
Amiri noted, “Until the 1990s the water level of the lake was normal and the lake turned into a tourist facility for the people of the governorate.”
In regard to the dryness of the lake, he said that one reason is "the high percentage of salt around the mouths of the springs that nourish it, which caused the lack of water flowing out of these into the lake space.
Also, the geological movements in the ground have created cracks and internal fissures, which led the groundwater to deviate from the lake.”
Director of Al-Muthanna Environment Department Youssef Sawadi told Al-Monitor, “Iraq is losing a cultural landmark and a rare environmental and biodiverse area that is rich in fish, marine animals and migratory birds.”
He also attributed the lake’s dryness to human causes and said that it is “due to the daily activities near the lake as well as the agricultural and industrial investments surrounding it, namely the salt and cement factories.”
Sawadi noted, “There are also natural causes behind this phenomenon, as climate change has affected the nature of the lake, especially considering that Iraq is among the five countries most prone to climate change.
Temperatures have risen significantly in Dhi Qar, while this year the rains did not fall at all in the province.”
He added, “The scarcity of the Euphrates water, which feeds the groundwater near the lake, has brought its water levels to zero, and there is now only one spring the size of 20 square meters [215 square feet].”
Swadi called on “international and global environmental organizations to save Sawa Lake because it is a historical global environmental and cultural landmark.”
He called on the “Ministry of Higher Education, as the head of the higher committee supervising the lake, to work on finding urgent solutions to replenish the lake and revive its ecological diversity.”
Lake Sawa has clearly fallen prey to the decline in water reserves in Iraq by half compared to 2021 due to the lack of rainfall and the decrease in the river water flow from neighboring countries.
This calls for a strategic plan to save water bodies from extinction and agricultural lands from turning into desert. https://www.al-monitor.com/originals/2022/04/historic-sawa-lake-disappears-iraqi-map
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