"Tidbits From TNT" Thursday Morning 7-13-2023
TNT:
CandyKisses: Payment of dues of investment projects in dinars only
Baghdad/Obelisk Event: The head of the National Investment Commission, Haidar Makiya, issued a directive to companies investing in the field of housing.
According to a statement by his office, Makiya directed the commitment of the investing companies to the prices fixed in the economic feasibility studies.
He added: Makiya also directed to pay the dues of housing units in investment projects in Iraqi dinars exclusively in Baghdad and the provinces.
CandyKisses: Parliamentary Finance Likely to Release Budget Funds After July 18
Baghdad - Mawazine News
The Parliamentary Finance Committee is likely to release the budget funds on July 18.
Jamal Kojar, a member of the Finance Committee, said, "Work on the budget will start after the 18th of this month, and the budget may be launched, and then the Finance Committee will begin its work to follow up on the process of disbursing it."
He added that "the government challenged 12 paragraphs of the budget and this is normal and within its powers and it remains now up to the Federal Court to consider the appeals and submit the ruling," noting that "the Finance Committee expected that some paragraphs of the budget will be challenged by the government, which was confirmed by the Minister of Finance itself, but the committee has done its duty and add what it deems appropriate from the point of view of its members."
Regarding the electricity crisis, Kojar explained that the government has put amounts in the budget on Iranian gas dues, but the blockade on Iran by the United States prevents the arrival of funds, calling on the government to invest in associated gas to end the crisis, to overcome complications away from any external and internal interference.
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CandyKisses: Al-Sudani confirms that his government seeks to satisfy the citizen first
Baghdad - Iraq Today:
Prime Minister Mohammed Shia Al-Sudani, during his visit to the Amanat Baghdad building, stressed that the satisfaction of citizens is the criterion in the quality and purpose of services.
A statement by Sudani's office said that "Prime Minister Mohammed Shia al-Sudani paid a visit to the Amanat Baghdad building, and was received by the Mayor of Baghdad and the advanced staff in the secretariat."
According to the statement, Al-Sudani held "a meeting with the directors of municipalities in the capital, Baghdad, and was briefed on the progress of the implementation of projects for drinking water, sanitation and infrastructure projects, and followed up with municipal managers levels of achievement and obstacles to the implementation of plans prepared according to schedules, and confirmed his follow-up personally, in order to overcome obstacles facing the progress of project implementation, and to conduct field visits to work sites."
"The meeting witnessed the Sudanese review of a report that includes the views of citizens and their assessment of the level of municipal services provided in different areas of the capital, and in multiple municipal departments," Elian added, stressing that "citizen satisfaction is the criterion in the quality and purpose of services."
The prime minister continued "the work of Amanat Baghdad and its executive programs, which are based on the priorities of the government program in the axis of services, and expressed observations on the progress of its work." He stressed "the need for the capital Baghdad to double service work in its areas and residential neighborhoods, and to be at an exceptional level in terms of implementation and timing," and stressed "the need to exert maximum efforts to serve the people of the capital and provide municipal services, so that Baghdad appears in the best way, and reflects its history and bright heritage."
Al-Sudani also stressed "the importance of the capital Baghdad receiving priority in implementing the slogan of the Year of Services and Projects launched by the government, which came in line with its vision towards providing services throughout Iraq," pointing to "the need to pay attention to the urban and cultural aspect because of its potential in this aspect, as well as developing the entrances to the capital and paying attention to green spaces, in a way that adds aesthetic and environmental elements in its areas and streets."
Al-Sudani pointed to "the government's efforts in fighting corruption, and the utmost importance of this goal, given its direct effects on the level of performance and quality."
The Prime Minister directed to "address all comments on the work of the secretariat that were raised during the meeting, and the steps of treatment will be followed up on subsequent visits to him.
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CandyKisses: For the first time since April. Brent crude exceeds the $80 barrier per barrel
Baghdad - Iraq Today:
Brent crude futures surpassed $80 a barrel for the first time since April after U.S. inflation data suggested the cycle of raising interest rates in the world's largest economy was coming to an end.
U.S. consumer prices rose slightly in June, recording the smallest annual increase in more than two years, data showed, as inflation continued to fall.
Markets expect interest rates to rise again, but they also suggest that the U.S. rate hike cycle has peaked.
The International Energy Agency has said that the oil market is expected to witness a tightening of supply during the second half of 2023, attributing this to the strength of demand from China and developing countries, as well as supply cuts announced by Saudi Arabia, Russia and other countries in the past period.
Saudi Arabia pledged last week to extend a production cut of $500 million a barrel in August, while Russia will cut exports by <>,<> bpd.
On Tuesday, the US Energy Information Administration raised its forecast for global oil demand growth in 2023, by 170,1 barrels per day, to 76.<> million barrels per day.
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