More News, Rumors and Opinions Monday PM 6-24-2024
KTFA:
Clare: A political movement to hold an extraordinary session to elect the new Speaker of Parliament - urgent
6/24/2024 Baghdad
Today, Monday (June 24, 2024), the representative of the Azm Alliance, Nihal Al-Shammari, revealed the existence of a political movement aimed at holding an extraordinary session to elect the new Speaker of the House of Representatives.
Al-Shammari said in an interview with “Baghdad Today”, “There is a political movement and communication between all Sunni political parties, with the aim of accelerating the election of the new Speaker of the House of Representatives, especially since it supports the initiative to unify the position of the Sunni political house.”
She added, “There are efforts to hold an extraordinary session to elect the new Speaker of the House of Representatives during the next few days, and perhaps by the end of this week, and this matter now depends on what the current political dialogues and negotiations between all political parties will produce.”
Parliament failed in four attempts to elect a replacement for Al-Halbousi due to the lack of consensus on a single candidate, in light of Sunni fragmentation and the coordination framework's insistence on keeping Mohsen Al-Mandalawi, the first deputy speaker of Parliament, as acting president, or the “conditional” agreement on a Sunni political figure. LINK
6/24/2024 Baghdad - INA - Amna Al-Salami
Today, Monday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, identified the most important economic gains achieved due to the rise in oil prices, pointing out that global energy market sources indicate that the current rise in oil prices will continue until the end of the year 2025.
Saleh said to the Iraqi News Agency (INA): “There is a clear link between the rise in revenues from Iraq’s exported oil due to the rise in energy prices in global markets on the one hand, and the sustainability of financing investment projects whose allocations are estimated in the Federal General Budget Law No. 13 of 2023 (the tripartite budget).” Which exceeds 55 trillion dinars annually.”
He explained, “The rise in oil prices above their estimated rates leads to reducing the hypothetical deficit gap in the annual general budget, which is estimated at approximately 64 trillion dinars, and provides sustainability of spending on development projects,” stressing that “the hypothetical deficit is no longer a reason for faltering or delaying reconstruction projects and expenditures.” Related investment.
Saleh added, "The government program has prioritized, in its philosophy and general directions, the policy of diversifying sources of income in the national economy."
He stated, “For the first time, sovereign guarantees are granted to market activities and the private sector as a partner in development, with priority to major economic diversification activities, by providing appropriate financing to the private sector from global financial sources in order to finance the transfer of modern technology, especially the manufacturing and petrochemical industries, as well as industries related to the provision of high-quality products.” “A link to reconstruction, to ensure stable and high growth rates and provide the requirements for sustainable development and operation.”
He pointed out, “Global energy market sources indicate that the current oil prices will continue to rise until the end of the year 2025, with an average price of one barrel of crude oil at no less than $82, which is an average that exceeds the conservative price mentioned in the general budget law above, which was estimated at about $70 per barrel.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Everybody should be pumped and ready to go... Article quote: "Sovereign guarantees to the private sector will contribute to the industrial renaissance" This article right here will blow your socks off...
Nader From The Mid East Things have been moving a little bit from here to the 8th of July. I hope we have an answer cuz that's what they shooting for. I don't know if it's going to be good or bad...It's more good than bad but I don't want to say anything about that cuz if anything happen you're going to say, 'Hey, but you said this. You said that.'
Iraq's Central Bank Still Dealing With Corruption Despite New Reform
Nader: 6-24-2024
The ICB has found multiple private banks that have been money laundering and handling large amounts secrete US currency transactions. With this being handled and taken care of soon, Iraq will soon be on a path to cleaning out the corruption.
Will the EU collapse: Indonesia Join China and Reject the EU
Fastepo: 6-24-2024
Indonesia's pivot from the European Union to China in its trade relationships is rooted in the contentious regulatory environment imposed by the EU's Green Deal.
The EU's stringent anti-deforestation legislation, aimed at preventing commodities linked to deforestation from entering the European market, has created significant barriers for Indonesian exporters, particularly smallholders in the palm oil industry.
In contrast, China has presented itself as a more flexible and supportive ally. With robust investments in Indonesian infrastructure and industries, including significant projects in the digital economy and renewable energy sectors, China has become Indonesia's largest trading partner.
This strategic shift is further solidified through agreements under the Belt and Road Initiative, which have enhanced economic integration and mutual benefits.
As a result, Indonesia's trade focus has increasingly turned towards China, reflecting a pragmatic approach to securing economic growth and stability amid global challenges.