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Thursday Evening Iraq News Highlights 10-13-22

Thursday Evening Iraq News Highlights 10-13-22

In conjunction with the secret vote.. Alsumaria publishes the constitutional stages for electing the president of the republic

Policy   2022-10-13 | 07:00     6,173 views   Alsumaria News - Politics

Alsumaria News publishes the constitutional stages for electing the President of the Republic and assigning the candidate of the most numerous parliamentary bloc to form the Council of Ministers, coinciding with the secret vote in the House of Representatives to choose the President of the Republic.

Below are the constitutional stages for electing the President of the Republic and assigning the candidate of the most numerous parliamentary bloc to form Council of Ministers :

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▪ Article (70)

First: to elect Parliament Among the candidates for the President of the Republic by a two-thirds majority of the number of its members.

Second: If none of the candidates obtains the required majority, competition will take place among the candidates who obtain the highest votes, and whoever obtains the majority of votes in the second ballot is declared president.

▪ Article (71) ▪ Article (76)

The President of the Republic takes the constitutional oath before Parliament As stipulated in Article 50 of the Constitution.

First: Assigns the President of the Republic, the candidate of the most numerous parliamentary bloc, to form Council of Ministers within fifteen days from the date of the election of the President of the Republic.

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Second: The head of the Council of Ministers The taxpayer shall nominate the members of his ministry within a maximum period of thirty days from the date of the assignment.

Third: The President of the Republic appoints a new candidate for the presidency Council of Ministers Within fifteen days, upon failure of a principal Council of Ministers The person in charge of forming the ministry during the period stipulated in item “Second” of this article.

Fourth: Presents the head Council of Ministers [/url] In charge of the names of the members of his ministry, and the ministerial curriculum, on Parliament And he is considered to have gained its confidence, when approving the ministers individually, and the ministerial curriculum, by an absolute majority.

Fifth: The President of the Republic assigns another candidate to form the ministry within fifteen days in case the ministry does not gain confidence.   LINK

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Al-Azm: The Quorum For Thursday’s Parliament Session Will Be The Highest Since The Elections: The President Will Be Decided

Posted On2022-10-13 By Sotaliraq   The representative of the Azm Alliance, Ahmed al-Jubouri, expected, on Wednesday, the registration of tomorrow’s parliamentary session for the election of the President of the Republic, the highest attendance since the elections, indicating that the second voting round will decide the election of the President of the Republic.

Al-Jubouri said in a televised interview that "the political blocs are divided over the presidential candidate, but the second round of voting will decide the election."

He added, "Tomorrow will be a decisive session for electing the president and assigning the Sudanese, and that the quorum for the parliament session tomorrow will be the highest in a year, since everyone is fully convinced not to delay the constitutional entitlement."

And on the nature of the formation of the government, al-Jubouri said that “the next government will be a coalition of all blocs, and whoever does not attend tomorrow’s session will not have a government entitlement.”

The Presidency of the House of Representatives set, on Thursday, an official date for electing the President of the Republic, after a political blockage that lasted for more than a year since the early parliamentary elections.   LINK

Mazhar Muhammad Salih: Iraq Achieved The Highest Growth Rates In The Arab World This Year

Economie   09:43 - 2022-10-13   The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the reasons that allowed Iraq to record the highest Arab growth rates this year, which exceeded nine percent, according to a report by the International Monetary Fund, describing this percentage as the highest in the history of Iraq.

Saleh said that the reason for the growth achieved during one year, which is the highest in Iraq's history, is due to the increase in Iraq's exports by about one million barrels compared to the period of the emergence of the Corona pandemic, as well as the rise in oil prices, as well as the presence of a large reconstruction campaign in the liberated cities.

He added that there is a fourth reason due to the activity of the digital communications sector and a fifth due to the initiative of the Central Bank, which amounted to nineteen trillion dinars and provided housing loans and support for youth projects.    https://kirkuktv.net/AR/Details/9680

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Iraq Records The Highest Economic Growth Rate In Its History This Year

Economie   21:34 - 10-12-2022  The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained today, Wednesday, the reasons that allowed Iraq to record the highest Arab growth rates this year, which exceeded 9%, according to a report by the International Monetary Fund, describing this percentage as the highest in the history of Iraq.

Saleh said, "The reason for the growth achieved by 9.4% within one year, which is the highest in Iraq's history, is due to the increase in Iraq's exports by about one million barrels compared to the period of the emergence of the Corona pandemic, as well as the increase in oil prices by 40%, as well as the presence of a large reconstruction campaign in the liberated cities."

He added, "There is a fourth reason due to the activity of the digital communications sector, and a fifth is due to the initiative of the Central Bank, which amounted to 19 trillion dinars and provided housing loans and support for youth projects."

On how to maintain this growth, Salih explained that “there are financial savings represented by the increase in the Central Bank’s reserves that support economic stability, and others related to the rise in oil prices, and it ranges, according to our estimates, between 15-20 billion dollars, and this should be invested in a budget legislation for the next year, especially since the budget represents 50% of the The value of the domestic product has an investment aspect that supports the development sector in the country and maintains good growth rates.”    https://kirkuktv.net/AR/Details/9671

Trade: The Stock Of The Food Basket Is Secured For The First Months Of 2023

Economie| 03:44 - 10/12/2022  Baghdad - Mawazine News    The General Company for Food Stuff Trading in the Ministry of Commerce revealed, on Wednesday, the reasons for distributing the food basket items in the form of meals, while indicating that the food basket storage is secured for the first months of next year.

The assistant general manager of the company, Talib Abbas Al-Hamdani, told the official news agency, "The food basket contract is one of the important contracts that have achieved a balance in food prices in the market so far," noting that "the eighth basket has been equipped by 90%, in Baghdad and the provinces." And we are working on preparing the stores for the ninth and tenth baskets with all the materials.”

Al-Hamdani added, "The food basket includes oil, lentils, rice, chickpeas, beans and tomato paste," noting that "the processing of the food basket is financed from the allocations of the Food Security Law until the end of the current year, with emergency stocks for the first months of the next year."

Al-Hamdani added, "The company's administrative and financial department is still continuing correspondences to coordinate with the Ministry of Finance to finance the amounts for the food basket in preparation for the next year."

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He stressed, "The food basket is integrated, especially this month, as it was distributed by preparing the checks in all ports, whether in the ports or border crossings, to prepare the food items related to the basket, and it reached the stores in order to distribute the food basket items in one meal without dividing it."

He pointed out, "The division of the distribution of food basket items in the form of meals is out of our control, as some materials are delayed in examination," noting that "the company is making double and continuous efforts, in order to examine the materials and deliver them in a timely manner and in full quantity."

Al-Hamdani stated, "About 30% of the ninth quota has been prepared and is located in the warehouses, which the company seeks to absorb all the materials."

He continued by saying, "The company has reviewed all the technical procedures for the stores and fully prepared them to accommodate the largest possible number of quotas in order to be distributed monthly on an ongoing basis and be delivered to the citizen." Ended 29/R77

https://www.mawazin.net/Details.aspx?jimare=208039

Planning Offers A Short-Term Alternative... The Five-Year Plan Is Nearing Completion And Its Effects Are Absent!

Posted On2022-10-13 By Sotaliraq  Baghdad / Hussein Hatem  The five-year development plan is approaching its end at the end of this year, as set by the Ministry of Planning (2018-2022), and the ministry has begun to develop a short-term plan of three economic, social and spatial axes to address the financial crisis.

The five-year development plan is financed according to the budget strategy and its quantitative objectives, according to government officials, while specialists believe that the five-year plans are passing without achieving tangible results on the ground, calling for a change of the authorities and personalities that draw up the plans.

The spokesman for the Ministry of Planning, Abdul-Zahra Al-Hindawi, said, “Iraq is in the last year of the five-year plan, which was set from 2018-2022, and we have started preparing to write the third development plan 2023-2028.”

Al-Hindawi added, "Our ministry headed towards three axes and basic plans, as a result of the conditions that Iraq went through after 2020 due to the Corona pandemic, and the financial crisis took the five-year plan off some of its tracks, and in order to address it, we developed a short-term plan for two years from 2022-2023."

A spokesman for the Ministry of Planning explained that “the first axis relates to the economic aspect, which talks about supporting the economy in its various sectors and supporting investment and the private sector,” noting that “the second axis is social and includes addressing the reality of health, education, social protection, and the ration card.”

Al-Hindawi pointed out that “the third axis is spatial, which is concerned with bridging the development gaps in the governorates within the vision map set by the ministry,” pointing to “the distribution of tasks to ministries, independent bodies and the governorates to implement the policies and programs stated in the plan.”

For his part, the Economic Adviser to the Prime Minister, Mazhar Muhammad Salih, said, “The basic and main criterion that the government adopts in drawing up economic policy is the five-year development plan,” stressing that it is “the tool and pattern that indicates essential goals, foremost of which is the people’s happiness and well-being.”

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Saleh added, "The five-year development plan is funded according to the budget strategy and its quantitative objectives, whose estimates extend to at least three years, and are renewed annually on a continuous basis with the mechanisms for preparing the annual federal budget and its legislation, as investment projects are divided sectorally according to fundamental criteria, the most important of which is the amount of their contribution.

In the annual economic growth, which is indicated by the development plan, and according to the priority of the investment project in achieving economic diversification and sectoral integration, and its ability to operate human energies and various other local capabilities and resources, and their humanitarian necessities without neglecting their geography, which should touch the most disadvantaged areas in the country.

In turn, the economic expert Salam Sumaisem says, "The successive governments have developed many five-year plans and projects over the past years at different levels," adding, "But in reality, there are no such projects and plans, but we hear about these plans in the media only."

Sumaisem added, "The country has approached poor countries in several aspects, especially since the Ministry of Planning announced some time ago that the fifth-degree employee is one of the groups that live below the poverty line," noting that "some governorates where poverty rates have reached a high rate that exceeds or approaches the 50 percent.”

The economic expert asked, "What is the point of such plans and projects without achieving anything of them on the ground?" And the personalities who make such plans do not actually implement it.”

Iraq has achieved a large financial surplus since the beginning of this year, due to the rise in international oil prices to 130 dollars per barrel and their stability at the 100 dollars barrier, in addition to the repayment of Kuwait’s debts, as it was deducting an amount of 5-7 million dollars per day to pay compensation, in addition to the decision of the Organization OPEC raised the country's oil export ceiling by more than 400,000 barrels per day, which is added to the total revenues.  LINK

OPEC Announces Its Average Production Of Oil And Indicates A Decline In Iraq's Exports In September

Energy   Economy News-Baghdad   The Organization of the Petroleum Exporting Countries announced that the production of oil by the 13 member states of the Organization of the Petroleum Exporting Countries amounted to 29.767 million barrels per day, an increase of 146,000 barrels per day compared to last August, supported by increased supplies from nine countries, while Iraq's production declined.

According to the monthly report of the Organization of the Petroleum Exporting Countries, "the largest increases came from Saudi Arabia, as its oil production rose by 82,000 barrels per day, to reach 10.991 million barrels per day, followed by Nigeria, which recorded an increase of 31,000 barrels per day, and then Libya, with an increase of 29,000 barrels per day."

He added, "The highest drop in production in OPEC was for Iraq, by 28 thousand barrels per day, to reach 4,518 million barrels per day," but production increased by 469,000 barrels per day from the same period in 2021.

And he added, "Venezuela also decreased its production by 19,000 barrels per day, followed by Iran by 14 barrels per day."    59 . views   Added 10/13/2022 - 12:28 PM   Update 10/13/2022 - 3:09 PM

https://economy-news.net/content.php?id=30196

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