Zig’s Place Chatroom News Friday AM 12-10-21

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butterfly   Dollar exchange rates are stable in local markets

Friday 10 December 2021 The exchange rates of the dollar recorded, today, Friday, stability in the local markets.

And the selling prices of the dollar were recorded at 148.250 dinars per $100.

While the purchase price of the dollar recorded 147.750 dinars per 100 dollars. https://ninanews.com/Website/News/Details?key=943965

butterfly   Al-Abadi on the anniversary of victory: Winning the challenge today lies in overcoming the political division and working in the spirit of one team to serve Iraq

Friday 10 December 2021 The head of the victory coalition, Haider Al-Abadi, confirmed, on Friday, that winning the challenge today lies in overcoming the political division and working in a team spirit to serve Iraq.

Al-Abadi pointed out that "winning the challenge lies in overcoming the political division and working in the spirit of one team to preserve the state, its unity, sovereignty and the well-being of its citizens, through national unity, effective governance, and efficient and impartial administration of the state to serve the Iraqis."

Al-Abadi said in a statement commemorating the victory over the terrorist gangs of ISIS, "I congratulate the Iraqis on the memory of the victory they made with their blood, I salute their will and the sacrifices of their heroic fighters, and I assure that this people is able to overcome adversity, no matter how prolonged it is," noting that "the memory of victory passes today, and the country is living a political division."

And the unfortunate return of terrorist operations, and a terrible inflation that paralyzes the living capabilities of citizens, and these are new challenges that require all of us to rise to the duty to respond to them, in order to win the state’s bet once again.”   https://ninanews.com/Website/News/Details?key=944010

butterfly   A Decline In Oil Prices In Global Markets After Consecutive Gains

Economic   Last Update 12/10/2021 | 9:44 AM

Oil fell on Friday, with traders selling crude to book profits after a strong rally this week thanks to growing confidence that the rapid spread of the Omicron strain of the Corona virus will not damage global growth and fuel demand.

The two benchmarks, Brent and West Texas Intermediate, are heading for a rise of more than six percent this week, even with profit taking, in their first weekly increase in seven weeks, according to Reuters.

And US crude futures fell seven cents, or 0.1 percent, to $ 70.87 a barrel by 0150 GMT, after falling 2 percent in a volatile session the previous day.

Brent futures were down 4 cents at $74.38 a barrel, after falling 1.9 percent on Thursday.

Earlier in the week, the oil market reclaimed about half of the losses incurred since the Nov. 25 Omicron outbreak. But the sell-off came Thursday night on the heels of credit rating agency Fitch downgrading two Chinese property developers, Evergrande (HK:3333) and CAISA, saying they had defaulted on overseas bonds.

This has fueled fears of a possible slowdown in China's real estate sector as well as in the broader economy of the world's largest oil importer.

In addition, there was some selling after a Japanese study that made headlines showing that the transmissibility of the Omicron strain is more than four times greater than the Delta strain, said Jeffrey Halley, an analyst at Oanda.

The dollar's rise, ahead of US inflation data to be released later on Friday, also pressured oil prices. Oil usually declines when the dollar rises, which makes crude more expensive for holders of other currencies https://almaalomah.me/2021/12/10/569946/

butterfly   A British Company Begins An International Arbitration Case Against Kurdistan

Economic  Last Update 12/10/2021 | 5:15 PM

The British company Genel Energy confirmed today, Friday, that it will start an arbitration case in the “significant demands” against the Kurdistan region related to the termination of the two production-sharing contracts in August by the regional government to develop the Bina Bawi and Miran natural gas fields.

A spokesman for Genel, whose production focuses on the Kurdistan region, declined to comment on the scale of the demands. Genel has spent about $1.4 billion on projects, including acquisition, maintenance, drilling and other costs.

“The Board of Directors concluded that there is no viable alternative for it other than to accept the termination of the two production-sharing contracts as a result of the KRG’s arbitrary breach, and to seek damages from the KRG,” Gennell said.

"Genelle's demands are significant and will be brought up in an international arbitration session based in London to begin in accordance with the dispute process stipulated in the two production sharing contracts," she added.

The company explained that any remaining value of the projects will be written off, "and then deleted from the balance sheet."

The Kurdistan region of Iraq lost another case in London in 2017 against the UAE company Dana Gas and its partners in a final settlement of $2.24 billion.

London-listed Kern Oil and Gas Company won an international tax arbitration case against the Indian government and the court awarded Kern $1.2 billion in damages, plus interest and costs. https://almaalomah.me/2021/12/10/570017/

butterfly   A merican Journalist: All Documents On Barzani's Corruption Are Documented In Federal Government Records

Politician   Last Update 12/10/2021 | 3:10 PM

An investigative journalist for the Prospect organization, Zach Koplin, confirmed, on Friday, that the documents it published about the Barzani family are from the US government records, indicating that the state of Florida was the one who revealed Barzani's property.

"The documents you published about the Barzani family are from the US government records, and the Barzani family has prominent lawyers who were able to hide the property," Koplin said in a televised statement, which was followed by "The Information."

He added, "I searched for the Barzani family's property in America for years, and all the documents are on the Internet and everyone can view them."

He pointed out that "Florida was the one who revealed Barzani's property, and that the Florida courts put the names of Masrour Barzani and his family in court." https://almaalomah.me/2021/12/10/569957/

butterfly   A second US withdrawal from Iraq is no less bad than the first

12-10-2021   A second US withdrawal from Iraq is no less bad than the firstBAGHDAD – Iraqi political circles described the decision of the international coalition led by the United States to end the “combat missions” in Iraq as a second withdrawal no less bad than the first withdrawal decided by former President Barack Obama in 2011, which opened the door for ISIS to infiltrate into Iraq and later attack on Iraqi forces and control of large areas of land, then the extension of the Iraqi militias loyal to Iran under the name of the Popular Mobilization to control large areas of northern and western Iraq and open the land corridor from Iran towards the Mediterranean.

In the war launched by the Iraqi forces and the Popular Mobilization Forces against ISIS in northern Iraq, the American combat aircraft turned to the role of the air force of the crowd, which led to the defeat of ISIS and caused great destruction in a number of major cities in Iraq, especially the city of Mosul.

Mustafa Salem: The militias may call in Iranian forces to compensate for the American withdrawal

. These circles said that President Joe Biden, with this hasty decision, will pave the way for the Shiite militias to take control of the country and leave the rope to Iran to run the affairs of Iraq from behind the curtain by empowering its allies. And it considered that the presence of US forces in some bases in the Kurdistan region or in nearby bases in northern Syria would not hinder the militias from implementing their plan aimed at controlling all of Iraq and subjecting it to its hegemony.

butterfly   Obama had announced in December 2011 the withdrawal from Iraq, and that Washington would continue to train and equip Iraqi forces, considering that the withdrawal would give the United States the opportunity to focus on “the battle against al-Qaeda and achieving victories against its leaders.” But this strategy failed two years after this withdrawal.

Commenting on that withdrawal, the late Republican Senator John McCain said that “the American sacrifices were wasted by an administration that wanted to leave, and did not want to remain and consolidate the gains made in American blood and money.”

Iran and its affiliated groups view this withdrawal as a victory for their plan, which aimed to compel the Americans to withdraw through political pressure on the government of Mustafa Al-Kazemi and the Iraqi parliament to adopt an official position calling for the withdrawal of American forces, as well as limited missile attacks on the positions of American forces.

Although the Iraqi Prime Minister is not enthusiastic about the Americans’ withdrawal, he sought to appear in the image of those who stand within the trend led by Iran’s allies, at a time when Iraqi political observers say that Al-Kazemi cannot stand alone against the Iranian trend and that he sought to meet with the American ambassador Matthew Tueller before the announcement. about the American decision.

And last Saturday, Al-Kazemi held a meeting with the American ambassador, during which the file of the withdrawal of American combat forces from Iraq was discussed, and their tasks shifted to advisory and support.

According to a statement issued by Al-Kazemi’s office, the latter discussed with Tueller “the progress made in ending the combat role of the coalition forces in Iraq, according to the outcomes of the strategic dialogue, and the transition to the role of advice, assistance and empowerment,” and he did not reveal any understandings regarding these files.

butterfly   And the Director of Public Affairs in the International Coalition, Joel Harper, previously confirmed that “the role of the International Coalition in Iraq will not change, and it will move from combat operations to the role of advisory, empowerment and assistance.”

In a tweet, Iraqi National Security Adviser Qassem al-Araji announced at the conclusion of a meeting with the coalition leadership, “Today (Thursday) we ended the last round of dialogue with the international coalition, which we started last year, to officially announce the end of the combat missions of the coalition forces,” adding that the relationship “will continue in the field of training.” Counseling and Empowerment.

About 2,500 US soldiers and 1,000 coalition troops will remain in Iraq. These forces are not fighting and have been serving as an advisory and training role since the summer of 2020.

The international coalition led by Washington – which includes more than 80 countries, including France, Britain and several Arab countries – was formed in 2014 to support attacks in Iraq and Syria against the Islamic State.

At a time when US reports say that Washington will not abandon the scene in the country in favor of Iranian influence, observers consider that the US move will be a victory for Iran, which it will use within the negotiation cards with the United States on the nuclear file and the issues of Iran’s growing influence in the region.

butterfly   Iraqi political writer Mustafa Salem said in a statement to “Al-Arab” that “all parties know that the withdrawal is not complete, and it will not be so,” warning that “the crowd militias believe that the departure of the American forces allows them – and for conceivable reasons – to summon the Iranian forces to replace them.” “.

Nicholas Heras: The Biden administration wants to avoid crises, especially with Iran,

and Salem considered that the Iraqi street is so drained that this issue will not be a priority, and that what is left of it in the circle of attention does not want the departure of American forces while watching the failure of government forces that do not need to Advice the Americans as much as they need to be Iraqi and national forces.

Nicholas Heras, a researcher at the New Lines Institute, believes that the United States will maintain “the same military role in Iraq,” but what changes is the “message.”

He explains that “the political and security environment in Iraq is so tense that the Biden administration wants the United States to stay out of the limelight and avoid crises, especially with Iran.”

In recent months, dozens of missile attacks or bomb attacks launched by unmanned aircraft have targeted US forces and US interests in Iraq. These attacks are not claimed, but the United States attributes them to pro-Iranian factions.

With the December 31 deadline for withdrawal approaching, some networks close to the pro-Iranian factions raised the ceiling of their threats on social media to demand a full US withdrawal, although it was not raised before.

Heras believes that changing the discourse on the “US military presence in Iraq” also reflects a new reality that “the Iraqi security forces have greater capabilities than before to attack the Islamic State.”  rawabetcenter.com

butterfly   McKenzie: Washington will keep 2,500 US troops in Iraq

10-12-2021 08:41 AM   McKenzie - Washington will keep 2500 US troops in IraqThe commander of the US Central Command, General Frank McKenzie, confirmed that Washington will keep the current 2,500 troops in Iraq, warning of an increase in terrorist attacks.

McKenzie said in an interview with the Associated Press that “despite the shift in the role of US forces in Iraq to a non-combat role, they will continue to provide air support and other military assistance in Iraq’s fight against ISIS,” considering that “the escalation of violence by militias Iran-backed attacks on US and Iraqi forces may continue this month.”

And he considered that “these militias want all American forces to leave Iraq… but we would not leave, which may provoke a response as we approach the end of the month,” noting that “we withdrew from the bases that we did not need, and made access to us difficult. But the Iraqis are still They want us to be there and participate.

McKenzie believed that “ISIS fighters will continue to pose a threat in Iraq and that the organization will continue to reconfigure itself, perhaps under a different name,” noting that “the key to the solution will be to ensure that the organization is unable to integrate with other elements around the world and becomes more powerful and dangerous.” “.

In total, McKenzie declared that “the presence of US forces throughout the Middle East has decreased significantly since last year,” explaining that “this presence has peaked amid tensions with Iran at 80,000 personnel.”

He stressed that “it is important to work with our partners in the region,” expressing concern over “Iran’s development of ballistic and cruise missiles, as well as armed drones.”   dijlah.tv

butterfly   Al-Abadi on the anniversary of victory: Iraq is experiencing a terrible inflation that paralyzes the living capabilities of citizens

2021-12-10 07:23   Al-Abadi on the anniversary of victory - Iraq is experiencing a terrible inflation that paralyzes the living capabilities of citizensShafaq News/ The head of the “Victory” coalition, Haider al-Abadi, expressed on Friday the inflation taking place in Iraq, which has made its residents lose their livelihoods.

Al-Abadi, who was a former prime minister in Iraq, issued an official announcement of the military defeat of ISIS after it invaded areas and cities estimated at a third of the country’s area in mid-2014.

Iraq began military operations against the extremist organization for a period of three years, with the federal government declaring victory over ISIS in 2017.

On the tenth of December every year, Iraqis commemorate the anniversary of victory. On this occasion, al-Abadi issued a statement, in which he said, “The anniversary of victory is passing today, and the country is experiencing political division, the unfortunate return of terrorist operations, and a terrible inflation that paralyzes the living capabilities of citizens. These are new challenges. It requires all of us to rise to the duty to respond to it, in order to win the state’s bet once again.”

He added, “To win the challenge today lies in transcending the political division and working in a team spirit to preserve the state, its unity, sovereignty and the well-being of its citizens, through national unity, effective governance, and efficient and impartial administration of the state to serve the Iraqis.”   shafaq.com

UNEEK   butterfly thanks for posting the news - I do like to read it over - even though I confess that I do not understand most of it - and I once read ..... Those who do NOT read have no advantage over those who cannot read -

butterfly   Saleh bid farewell to the Presidency of the Republic.. The Patriotic Kurdistan Region nominates a new name for the position

2021-12-10  Saleh bid farewell to the Presidency of the Republic.. The Patriotic Kurdistan Region nominates a new name for the positionA political source revealed that, in light of the Democratic Party’s refusal to accept the nomination of Barham Salih for the presidency, the name of a new candidate for the position was proposed.

The source said, “The National Union will present the name of the leader of the party, Mullah Bakhtiar, as he is acceptable to the Kurdistan Democratic Party.”

He added that “the National Union will meet during the next week to resolve its issue regarding the current political movement regarding the formation and form of the next government.”

Earlier, the Democratic Party refused to accept the nomination of Barham Salih for the presidency of the Republic.   burathanews.com

butterfly   A Legal Expert Explains How To Deal With The 2022 Budget In The Absence Of Parliament

12/10/2021 | 9:31 AM  A Legal Expert Explains How To Deal With The 2022 Budget In The Absence Of ParliamentInformation / Baghdad…

Legal expert Ali Al-Tamimi explained the government’s mechanism for dealing with the federal budget for the next year in the absence of the House of Representatives to legislate and ratify the budget prepared by the government.

Al-Tamimi told Al-Maalouma, “In the event that the general budget law is not legislated, the government will resort to the Financial Management Law of 2004, which allows it to spend 12 percent of the amount of the previous budget and of the available revenues and dividing the amount of the previous budget by 12 percent, which is called the emergency budget. The same happened in 2014, and it is a temporary state until legislation.”

He added, “Article 13 of the Financial Management Law requires that in the event that the general budget law is not approved until December 31, the Minister of Finance issues instructions for disbursement at a rate of 1/12 of the total expenditures.” finished 25   almaalomah.me

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