Zig’s Place Chat and News Friday PM 5-28-21

Zig’s Place Chat and News Friday PM 5-28-21

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

butterfly  A parliamentary proposal to return the looted and smuggled amounts in corruption deals

2021-05-28 | 03:45  A parliamentary proposal to return the looted and smuggled amounts in corruption dealsAlsumaria news/Baghdad:

A member of the Parliamentary Committee on Economy and Investment, Falah Al-Khafaji, suggested today, Friday, a mechanism through which half of the looted and smuggled money can be recovered if it is applied correctly and accurately.

Al-Khafaji said in an interview with Alsumaria News, “The actual elimination of corruption or its reduction and the return of the looted and smuggled funds need a real will and deliberate plans to address this file,” noting that “it is possible that the funds of every official in the Iraqi state will be followed up to his relatives of the fourth degree since During his tenure in office, and following up on their situation, did their wealth double and did they have large bank assets and properties?

Al-Khafaji added, “The second step is through activating the Illicit Gain Law, and from where did you get this, for those who have reached the point of obscene wealth and have become owners of banks, palaces and countless money, and follow-up from where they got that money, is it before 2003 or after?”

 This history and how to obtain it in detail,” he said, noting that “some people did not own anything and lived a very simple life, then today they have become owners of factories, huge projects and very large assets, and we must know where they got that money.”

He pointed out that “in the event we want to dry up the sources of corruption, or at least reduce them, then this mechanism should be proceeded as a first step, and then it is possible, in the case of correct and accurate application, to return up to half of the smuggled and looted sums in corruption deals,” stressing that “the matter needs seriousness and a strong prime minister.” He is brave and firm to fight corruption and not compliment under any pressure.”

butterfly  The World Bank announces important details in its report on Iraq

Posted, 05/28/2021 21:15:10   The World Bank announces important details in its report on IraqA senior expert at the World Bank, Wael Mansour, revealed, on Thursday, important details in his report on Iraq.

Mansour said in a televised interview, “Negative growth of the national product reached 10%, which is one of the worst growth that we see after 2003, and we attribute it to the drop in the oil price, the OPEC Plus agreement, which reduced oil production, and the Corona pandemic that hits many sectors, including services, religious tourism, and others.” .

He pointed out, “a sharp decline in financial resources, and the government has taken harsh measures, including the reduction of all spending outside wages and salaries, and we have seen a sharp decline in public investment and social benefits and all programs that can support growth and reduce poverty and a sharp decrease in it.”

Mansour stressed, “The World Bank is very interested in the factor of growth and sustainable growth, the need for diversification and job creation outside the oil sector, and a basic necessity for women’s participation in the labor market, given that Iraq is among the lowest in the world in this aspect.”

And he indicated that “if Iraq is able to achieve policies and involve women in the labor market 2.

butterfly   2.5 billion dollars as a result of burning gas associated with the extraction of oil and losses in agriculture and water.”

Mansour continued, “The solutions to Iraq’s problems have become a large structure that accumulates from one government to another, and the solutions are not easy and not immediate, and we are talking about problems in the public sector, electricity and infrastructure, and a very small banking sector that does not exist. And it is not supportive of the public sectors.”

And he noted, “We are aware of the importance of the current government’s white paper, which diagnoses with such accuracy and danger, and rings an alarm bell for the Iraqi economic situation and says that the solution is not immediate, and there must be short-term measures, and all reforms require a pause and a political decision in the first place.”

Mansour concluded, “Not diving into these reforms means recurring problems from one government to another with the low exchange rate of the dollar against the Iraqi dinar,” adding, “We do not set conditions on Iraq, but rather offer advice to increase imports, and with the improvement of the oil price, it is a good look, but it hides 3 risks.”

The first is the political and security risk that overthrows all economic recovery and the risk of fluctuations in the oil price and may drop to 50 or 40 dollars per barrel. The other danger is the absence of reform and the failure to implement the white paper, which means a loss of 11 billion dollars for Iraq.

The expert at the World Bank stressed that “reforms affect salaries, electricity, social protection networks and other government-supported aspects,” noting that “the e-government puts Iraq in the back ranks in terms of corruption and management efficiency.”   alforatnews.com

butterfly   A member of Talabani's party: Kurdish fears of stealing the votes of the voters in the regions of Jalawla, Saadia, Qarataba and Jabara

Friday 28, May 2021 18:43 ..............Ibrahim Hasan, a member of the Khanaqin organizations of the Patriotic Union of Kurdistan, confirmed that the Kurdish parties will run the parliamentary elections with a code of honor, far from any financial or national influences.

He told the correspondent of the Iraqi National News Agency ( NINA ) today that the rules of the Kurdish parties in Diyala are solid.

The source pointed out that there are Kurdish fears of stealing and / confiscating / the votes of voters or / preventing them / from voting in the areas of “Saadia, Jalawla, Qarataba and Jabara” due to / intentional / failure to open the party and political headquarters of the Kurdish parties in those areas despite obtaining official approval The federal government and the governor of Diyala, according to him / finished

butterfly  Parliamentary Finance rules out preparing the 2022 budget and voting on it before the elections

10:45 – 28/05/2021   Parliamentary Finance rules out preparing the 2022 budget and voting on it before the electionsThe Information / Baghdad

The Parliamentary Finance Committee has ruled out preparing the government’s 2022 budget and voting on it in Parliament before holding the early elections scheduled for next October.

Member of the Committee, MP Muhammad Al-Shabki, told Al-Maalouma, “The Financial Management Law referred to proceeding with the disbursement of amounts and dues according to the 1 by 12 system in the event of delays in preparing the budget or voting on it in Parliament in the new year, and according to the data for the past year.”

He added, “The government is supposed to present the 2022 budget before the end of this year in order to vote on it, but there are elections that will take place next October, which will delay the completion of next year’s budget.”

Al-Shabki ruled out that there would be a demand for the government to prepare the 2022 budget and submit it to Parliament in order to vote on it before the early elections, which will lead to the adoption of the 12/1 system in exchange for the next year.   almaalomah.org

Butterfly   A parliamentary bloc warns against voting on an agreement to avoid double taxation with Kuwait

Friday 28, May 2021 23:55.........The National Approach Parliamentary Bloc warned Parliament against voting on the agreement to avoid double taxation between Iraq and Kuwait, which is included for the vote on the agenda of the House of Representatives session scheduled to be held tomorrow, Saturday, stressing that the agreement will deprive the state treasury of tens of millions of dollars annually.

The head of the bloc, MP Ammar Tohme, said, "According to this agreement, Kuwaiti companies investing in Iraq will be exempt from paying the tax resulting from their profits that they obtain from their investment and commercial activities in Iraq. An example of this is that the Kuwait Energy Company operating in the oil licensing rounds is supposed to pay (35%) of its profits for the Iraqi state.

He explained, "With the parliament voting on this agreement, tens of millions of dollars will be lost by the Iraqi state, as is the case with Kuwaiti companies operating in the mobile phone license, the tax of their profits will be dropped according to this agreement."

And he added, in a press statement, that "the person who obtains income from sources in the other country or has funds in it, if he runs his business without residing in Iraq, even through an agent, then all his money and the resulting profits are excluded from the taxation just for the sake of Since he did not establish himself in the State of Iraq, "indicating" if a Kuwaiti natural or legal person contracted to manage a project that generates large profits on him and pays tax to the Iraqi authorities on their profits, after the State of Kuwait imposes taxes on his activities after the implementation of this agreement, he can collect the exemption About paying tax for those profits. "

butterfly   He went on to say, "If a Kuwaiti airline company operates inside Iraq and gets profits from this work, it does not pay tax on its profits if the actual headquarters of that company is located in Kuwait."

butterfly   Increase Internet capacity through the Light Transmission Project in Al-Karkh districts of Baghdad

Friday 28, May 2021 18:24.........The Ministry of Communications announced an increase in Internet capacity for citizens through the optical access project in the areas of the Karkh side of the capital, Baghdad.

The ministry said, "The subscriber can enjoy a unique browsing and downloading speed with new speeds and capacities commensurate with the technologies of FTTH light access projects, which is characterized by the availability of landline phone service, encrypted channels service (IPTV), added services, and other educational and entertainment services," indicating that "the subscriber gets a card Free credit for a landline phone of five thousand dinars, upon subscription for the first time, as soon as the service is activated for subscribers and with the support of the Ministry of Communications.

She explained, "The services of the government optical cable project FTTH are available in 10 areas of Baghdad / Al-Karkh, which are Al-Adl / Al-Jamaa / Al-Khadra / Al-Ghazaliya / Al-Jihad District / Al-Kadhimiya / Al-Hurriya / Al-Mawasalat District / Al-Maalif / Abu-Shir."

PeteV   hi holks   MarkZ@originalmarkz  2h   JUST IN - PM Netanyahu ousted as Lapid and Bennett agree on cabinet formation, according to Israeli media.

Bennett will serve first as PM until 2023 when Lapid will take over until 2025. Swearing-in to take place in 10 days, following an announcement of the new government.

Sheila   PeteV well, that's interesting.

PeteV  i heard he (netanyahu) was about tto do it to them

butterfly  Netty got the boot. Now that is good news.

Sheila   USE YOUR OWN DISCERNMENT: Nicks Intel Update, May 28, 2021 -- https://nicksintel.wordpress.com/2021/05/28/05-28-2021-update/

butterfly   Well I haven't found anything on Netty getting the boot. All I see is he won.

butterfly   Found this: Yamina leader Naftali Bennett agreed to forming a coalition government with Yesh Atid head Yair Lapid, N12 reported.

The two sides agreed that Bennett will serve first as prime minister until September 2023, when Lapid will take over until November 2025, according to N12. The swearing-in ceremony is expected to take place in 10 days, following an announcement of the new government either on Saturday night or Sunday. https://www.jpost.com/israel-news/politics-and-diplomacy/lapid-i-dont-know-if-well-form-a-government-or-not-before-mandate-expires-669478

butterfly   This was posted 3 hours ago: https://www.timesofisrael.com/report-bennett-lapid-reach-agreement-on-forming-coalition-to-oust-netanyahu/ TV report Friday on a deal that "could pave the way for the ouster of Prime Minister Benjamin Netanyahu after over a decade in power."

butterfly   "could" So there is no definite words that says he "was" ousted....yet.

 

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