Saturday Afternoon Iraq Economic News Highlights 8-27-22

Iraqi Parliament Speaker: We Have 80 Trillion Dinars Idle Financial Surplus

2022-08-27 05:15   Shafaq News/ The Speaker of the Iraqi Parliament, Muhammad al-Halbousi, warned of upcoming economic crises that Iraq will face if the political crisis continues in the country and the constitutional institutions are disrupted.

Al-Halbousi and during his participation in a feminist celebration in Baghdad; He stressed that there is an 80 trillion Iraqi dinars (50 billion dollars) financial surplus over the revenues of oil exports for the current year, which are frozen and cannot be spent due to the failure to approve the 2022 budget.

Al-Halbousi added; The Financial Management Law, which will continue to manage the country’s financial affairs in an emergency, in the event that the budget for the year 2023 is not approved, will not allow any additional financial spending, which will put the country in front of major economic crises in the year 2022.   LINK

A New Speech From The Chairman Of The Service Council Regarding Job Grades In The Food Security Law

Money  and business  Economy News – Baghdad  Today, Thursday, the Federal Public Service Council confirmed communication with the concerned authorities regarding the degrees mentioned in the emergency support law.

A statement by the council stated, "The Chairman of the Federal Public Service Council, Mahmoud Al-Tamimi, received a number of representatives of graduates of Iraqi universities in various specializations, accompanied by members of the House of Representatives, in the presence of Representative Samia Al-Ghallab and Representative Sana Al-Lahibi."

And he indicated that, "the file of appointing those covered by Laws 67 and 59, the file of contracts, lecturers and graduates of veterinary medicine, and the possibility of implementing what was stated in the recommendations of the Diwani Order Committee 35, were discussed, as well as a discussion of the job intersection file and the speed of its completion before launching the electronic form."

Al-Tamimi confirmed, according to the statement, that "the Council, in cooperation with the Finance and the Audit Bureau, is in continuous contact with other government agencies to expedite the process of intersection of names and the creation of job grades to implement what is stated in the Food Security Law," noting that "the federal service is in the process of preparing all procedures and requirements before the expiry of the time period." specified for the creation of grades and provided by the Finance.

67 . views   Added 08/25/2022 - 8:54 PM   Update 08/27/2022 - 1:01 PM

https://economy-news.net/content.php?id=29474

Bp Data Monitors The Iraqi Per Capita Consumption Of Electrical Energy 

2022-08-27 05:18   Shafaq News/ The data and statistics of the British company BP monitored that the average Iraqi per capita consumption of energy amounted to more than 51 gigawatts during 2021.

The statistics, seen by Shafaq News Agency, showed that the Iraqi per capita consumption of energy reached an average of 51.6 gigawatts during 2021, up from an average of 49.4 gigawatts in 2020, indicating that the highest consumption per capita in Iraq was in 2018, where it reached an average of 59.6 gigawatts. Watts.

She added that the growth rate in energy consumption in Iraq rose to 1.2% between 2011 and 2021.

She pointed out that Iraq was the least energy consuming Arab Gulf country, where the Qatari individual came first and also first globally, with a consumption rate of 686 gigajoules, followed by the Emirati individual at a rate of 487 gigajoules, then the Kuwaiti individual at a rate of 402 gigajoules, and then the Omani at a rate of 329 gigajoules. Joules, and then Saudi Arabia at a rate of 303 gigajoules.

Each gigajoule equals one million megajoules

Each megajoule is equal to 0.28 kilowatt-hours LINK

The Reality Of The Sino-Iraqi Agreement

Baghdad/The Obelisk:  Hassanein Ali Al Saadi    Some Iraqi satellite television channels affiliated with certain parties and some social media publish from time to time that there is an (Iraqi-Chinese agreement) for joint cooperation signed by the former Prime Minister, Mr. objective and rational according to the following points:

First

if there was actually an Iraqi-Chinese agreement between the two countries, it would have been published in the Chinese and Western media before the Iraqi one, because such agreements for joint economic cooperation are not secret. Therefore, we have not seen today any media outlet that published anything about the details of the agreement or its provisions.

Secondly

if there was an Iraqi-Chinese agreement signed by Mr. Adel Abdul-Mahdi in the name of the Republic of Iraq, it would be obligatory for Mr. Al-Kazemi and his government to implement it as it was signed by an Iraqi government and not a personality belonging to the name of the former Iraqi Prime Minister.

Third

if there was an actual real agreement, the Chinese companies would start implementing their projects after the agreement entered into force in order to gain time and take their due from the money or Iraqi crude oil. It does not care about the name of the country or the people of the government.

Fourth

If there was an Iraqi-Chinese agreement signed in 2019 and it was obstructed by President Al-Kazemi after receiving the ruling, as they claim, we would have found Chinese companies filing judicial complaints with all judicial and international authorities, and they would demand compensation and millions of dollars because signing any joint international agreement requires setting penalties, fines and harsh conditions on the party Withdrawing and violating the contract, as in all contracts signed in the world.

The pretexts and justifications mentioned by the claimant of the existence of the Sino-Iraqi agreement in the time of Adel Abdul-Mahdi that the agreement is real and was signed, but America prevents its implementation so that China does not benefit as a political opponent of America.

The answer to such justification, everyone knows that America after World War II imposed itself as the first global pole and after Its victory over the communist camp and the collapse of the Soviet Union became the only pole in the world and it is in control and imposed its control as responsible for the security of the countries of the world. Therefore, no economic agreements are made between countries except by paying a financial percentage of the agreement or the contract under the pretext of its control over the security of the countries of the world.

Therefore, if there was an Iraqi-Chinese agreement concluded It is true that China was able to give a percentage and part of the contract to America and manage the implementation of this agreement. The evidence is that the Chinese company (Petrochai) works as an investment oil company in the Iraqi oil fields (Maysan and Wasit), with America giving a percentage of the contract for providing the security of the Chinese company.

We also do not forget that the American occupation army in Iraq since 2003 has contracted with Chinese companies only to finance its soldiers with all the logistical needs that the American soldier needs from important and necessary requirements, in addition to the Chinese investment companies operating in the same European and American countries in exchange for contracts to provide security for these companies before America.

Knowing that Iraq and Al-Kazemi’s government in 2021 contracted with China to build 1,000 schools in 2022 and 3,000 model schools in 2023, and this agreement (building integrated model schools with an area of​​acres in exchange for Iraqi crude oil to be paid in installments) and the Supreme Committee formed by Al-Kazemi to supervise On this file, it is composed of members belonging to the Secretariat of the Council of Ministers, the Ministry of Planning and Finance, the education directorates in all of Iraq, the Baghdad Municipality, the Baghdad governorate, and representatives of the governors in all the governorates, under the supervision of members of the Parliamentary Education Committee.

So, unfortunately, the lie of the alleged Chinese-Iraqi agreement is a media game from which the personalities of the framework parties want to market it in the media to make their government in the era of Adel Abdul Mahdi an angelic service government in exchange for their fight against Al-Kazemi’s government, although both governments (twins in corruption and failure with one difference is the bloody security apparatus of Abdul-Mahdi’s government against The peaceful October demonstrators and the peaceful and professional Al-Kazemi security services against the peaceful demonstrators of the Ashura Revolution).

Therefore, we hope that corrupt politicians will stop marketing lies and media bubbles, as playing with the minds of simple Iraqis is no longer useful to polish your black image.

https://almasalah.com/archives/13696

Parliamentary Finance: Contracts employees are the only group affected by the lack of budget approval[/size]

Economie   12:59 - 08-27-2022   The Parliamentary Finance Committee identified, on Saturday, the only segment affected by the failure to pass the 2022 financial budget law.

A member of the Parliamentary Finance Committee, Jamal Cougar, said, “The only segment that will be affected by the absence of the budget law are the contract employees who are waiting to be confirmed if the budget is approved, and that the rest of the segments will be affected by the absence of the budget law.” You won't be harmed."

He continued, "These alone will wait for the law to be passed, as for others whose salaries are fixed employees and contractors, there is no fear for them," noting that installing any contractor on the state's owners needs a legal cover provided by the budget law.         https://kirkuktv.net/AR/Details/8445

Eight Oil Tankers Reach The Berths Of Khor Al Zubair Specialized Port

Khor Al Zubair Specialized Port received (8) oil tankers regularly docked at the port's berths.

The director of Khor Al Zubair specialized port, Haider Fakher Nasser, said that the best port services were provided to the oil tankers that filled the port.

He added that the port received the tanker Jag Lokesh docked on berth No. 2 with a load of gas oil, the tanker Lian Yang Hu docked on berth No. 3 with a load of gasoline, and the tanker Baghdad docked on berth No. 5, which will be loaded with fuel oil, and the tanker S j Dana docked on berth No. 7 with a cargo of material pieps, Front Cougar docked at Berth No. 9, will be loaded with naphtha, Vaughan, docked at Berth No. 9, will carry fuel oil, Tanker Regina, docked at Berth No. 10, with a load of petrol, and tanker Camilla, docked at Berth No. 11, will carry fuel oil.    https://n.annabaa.org/iraq/79224

With A Difference Of 100 Dinars .. The Exchange Rates Of The Dollar In The Local Markets

Economie| 11:51 - 27/08/2022    Baghdad - Mawazine News   The dollar exchange rates witnessed, today, Saturday, stability in the Iraqi Stock Exchange.   Selling price: 148000 dinars per $100   purchase price: 147,900 dinars per $100    https://www.mawazin.net/Details.aspx?jimare=203598

Public Traffic: We are not responsible for the tiling.. the collection money goes to the Ministry of Finance

Iraq   11:52 - 2022-08-27   Today, Saturday, the General Traffic Directorate confirmed that it is not responsible for paving, covering and furnishing internal and external streets, but rather traffic signs.

A traffic statement stated, "The Traffic Directorate's main work is to regulate traffic in all squares, intersections and main streets, organize the process of registering vehicles of all kinds, and issue and grant driving licenses in accordance with Traffic Law No. (8) of 2019".

He added that "coordination with the relevant authorities related to its work with our directorate, which is (Baghdad Municipality, Roads and Bridges, Ministry of Transport and Baghdad Governorate)," noting that "the directorate is not responsible for paving, cladding and furnishing internal and external streets, but traffic signs and traffic lights."

 He continued, "This work is at the heart of the work of the Municipality of Baghdad, the provincial municipalities, and the Roads and Bridges Department of the Ministry of Housing and Construction, and this is not a shirk from responsibility, but it is a clarification for the Iraqi citizen."

 He pointed out that "roads and bridges collection fees are collected in the Traffic Directorate, but go to the Ministry of Finance (the public treasury), and the Ministry of Finance is responsible for distributing all the revenues it receives from all government departments."

He pointed out that "developing the traffic system and working according to technology, development and modernity, this is the matter of the Traffic Directorate, and work is underway on many steps, including archiving the fines that were previously scattered electronically, issuing the recognized international driving licence, translated into 10 languages, and introducing the electronic check system or the so-called vibrator."

And he indicated that "the traffic has opened 10 sites so far to register vehicles, transfer ownership and issue driving licenses to absorb the momentum in the province of Baghdad, as well as regulate traffic and traffic during official occasions, holidays and religious occasions."

The directorate called on "citizens to be aware of the work carried out by the Traffic Directorate and to assist it in respecting and implementing the traffic law."    https://kirkuktv.net/AR/Details/8441