Zig’s Place Chatroom News Thursday AM12-30-21
Zig’s Place Chatroom News Thursday AM12-30-21
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Butterfly Some good news and we all need to hang in there.
Butterfly Al-Kazemi’s Advisor: The Next Government May Adjust The Dollar Exchange Rate
Economic Last Update 12/30/2021 | 9:15 AM
The economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the next government will amend the 2022 budget, despite it being properly prepared by the Ministry of Finance, to be one of the first tasks of the new government, while indicating that the government may make changes to the exchange rate.
Saleh said in a statement reported by the official “Al-Sabah” newspaper, which was seen by “The Information”, that “next year’s budget was prepared in the Ministry of Finance, but there is a constitutional path and it was supposed to be submitted to the Council of Ministers last October to be referred immediately to the House of Representatives, but because of a dissolution Parliament did not have an opportunity to discuss it, and the budget is waiting for the formation of the next government and parliament to be the first law to be discussed.”
He added that "the next government will discuss the budget, amend and add, and may make changes to the exchange rate according to the oil markets, and may add new projects to the investment budget," noting that "all these things will not be delayed because the budget is prepared correctly, but there are some adjustments here and there that may be made. by the next government.”
And he continued, “Even if the approval of the budget is delayed, the disbursement will be according to 12/1 of the actual expenses, and those covered by Resolution 315 approved their entitlements in the 2021 budget and it became a reality and prepared for disbursement,” expecting “its disbursement in the 2022 budget. Finance provided that it is legally approved, meaning that if it is approved in the 2021 budget, it will be added in the 2022 budget. If there is no budget, it is likely to be covered by the Financial Management Law.
butterfly Saleh pointed out that "Kuwait's money was deducted from oil money and Iraq's revenues, and these funds will be added to the budget, which makes financial space." https://almaalomah.me/2021/12/30/573655/
UNEEK butterfly Good Morning :GoodMorn:
butterfly morning @UNEEK things are looking very good for all of us. Everyone hang in there and as I was told, ignore the so-called gurus.
butterfly Economist: We Have Enough Money To Enter Giant Companies And Solve The Electricity Crisis
Economic Last Update 12/30/2021 | 9:03 AM The economic expert, Ihsan Al-Kinani, confirmed that unemployment and poverty in Iraq can be eliminated by offering giant infrastructure projects and redeveloping the electricity system to get rid of the current crisis, pointing out that Iraq has money and oil to solve this crisis.
Al-Kinani told Al-Maalouma, "Despite the collapse of the housing sector and the lack of a future vision for it, the citizen continues to expand to build new areas and divide homes in most areas, which increases pressure on water, electricity and sewage."
He added that "Iraq's electricity crisis will greatly worsen, if the government moves towards bringing giant companies to solve the rooted problem, at a time when Iraq has all the ingredients in terms of money and oil to pay it in exchange for developing this sector and solving its crisis."
And he indicated that "the coming of the electric companies will open a door to finding job opportunities for the unemployed youth, and the specialists, in addition to launching infrastructure development projects that will provide thousands of opportunities as well as move the wheel of the Iraqi industry, and introduce additional revenues to the state, especially if the electricity crisis is resolved, where the tax will be paid." to the government instead of the generator owners.” https://almaalomah.me/2021/12/30/573644/
butterfly Moves By “OPEC Plus” To Maintain The Average Oil Price At $75
Economic Last Update 12/29/2021 | 3:40 PM The oil expert, Kamel Al-Harami, said in an interview that the average price of a barrel of oil at $75 during 2022 is the rate that OPEC Plus wants.
Al-Harami added that the Russian Energy Minister said that the average oil price will be between 65 and 80 dollars per barrel, ie an average of 75 dollars, and this is what Russia and Saudi Arabia want.
He pointed out that the OPEC Plus bloc owns all the oil numbers, whether the rate of production or the global demand for oil, adding: “The bloc reads the numbers and analyzes them before making a decision.”
He expected that the OPEC Plus alliance would approve an increase in production during the next month at a rate of 400,000 barrels per day, stressing that the leadership of OPEC Plus managed to control the oil markets.
Al-Harami stated that withdrawing from the oil reserves of the major countries will not affect the level of production of the OPEC Plus countries.
He revealed that OPEC Plus has the mechanism to maintain oil prices at the required levels, which the Russian minister announced at $75 a barrel, even in the event of a production cutback to keep pace with any possible drop in global demand.
He continued, "The OPEC Plus group has learned the mechanism of being able to lead prices, not control them. Therefore, the group will increase its production next year and monitor numbers and global demand, and it will increase production by 400,000 barrels per day on a monthly basis, which ends at the end of May of next year." https://almaalomah.me/2021/12/29/573582/
butterfly Source: Leaders with Al-Azm threaten to split in the event of the renewal of Al-Halbousi
2021-12-30 Source - Leaders with Al-Azm threaten to split in the event of the renewal of Al-HalbousiAn informed source revealed, on Thursday, that a number of leaders of the Al-Azm Alliance threatened to split if the renewal of the former Speaker of Parliament, Muhammad al-Halbousi, was approved.
The source said that “big divisions witnessed by the Azm coalition after information that a number of leaders and members of the coalition pledged to al-Halbousi to vote to elect him as Speaker of the House of Representatives for a second term.
The source added, “Secret agreements took place between a number of leaders of the Azm Alliance, and he submitted to the project of retaining al-Halbousi’s position in exchange for the latter’s assignment of senior positions to leaders and representatives of al-Azm.”
He pointed out that “Al-Azm Alliance is experiencing a great competition between its leaders that may overthrow its cohesion before the first session of Parliament, and the same is true for the Progress Alliance,” stressing that “the desire of the Azm leaders with not renewing Al-Halbousi, despite the continuous dialogues, has not yet led to agreements regarding the distribution of positions.” burathanews.com
butterfly Economist: We Have Enough Money To Enter Giant Companies And Solve The Electricity Crisis
Economic Last Update 12/30/2021 | 9:03 AM The economic expert, Ihsan Al-Kinani, confirmed that unemployment and poverty in Iraq can be eliminated by offering giant infrastructure projects and redeveloping the electricity system to get rid of the current crisis, pointing out that Iraq has money and oil to solve this crisis.
Al-Kinani told Al-Maalouma, "Despite the collapse of the housing sector and the lack of a future vision for it, the citizen continues to expand to build new areas and divide homes in most areas, which increases pressure on water, electricity and sewage."
He added that "Iraq's electricity crisis will greatly worsen, if the government moves towards bringing giant companies to solve the rooted problem, at a time when Iraq has all the ingredients in terms of money and oil to pay it in exchange for developing this sector and solving its crisis."
And he indicated that "the coming of the electric companies will open a door to finding job opportunities for the unemployed youth, and the specialists, in addition to launching infrastructure development projects that will provide thousands of opportunities as well as move the wheel of the Iraqi industry, and introduce additional revenues to the state, especially if the electricity crisis is resolved, where the tax will be paid." to the government instead of the generator owners.” https://almaalomah.me/2021/12/30/573644/
butterfly The Rule Of Law: The Delegation Of The Framework For Hananah Rejected Al-Sadr’s Request
Politician Last Update 12/30/2021 | 4:44 PM The State of Law coalition revealed, on Thursday, what happened in the meeting of Al-Hanana with the leader of the Sadrist movement, Muqtada al-Sadr, and the coordination framework delegation, indicating that the framework delegation rejected Mr. Sadr's request regarding the participation of part of the framework forces in the next government.
The leader of the coalition, Wael al-Rikabi, said in a statement to "Information", that "the delegation of the coordination framework, which met the leader of the Sadrist movement, Muqtada al-Sadr, to complete the discussions that took place at the home of the coalition leader Hadi al-Amiri earlier, where a number of issues related to the country's supreme interest were discussed."
He added that "Al-Sadr asked the delegation to participate in part of the coordinating framework forces in the next government, but the delegation rejected his request," stressing that "the delegation of the Coordination Framework informed al-Sadr that all its forces will participate in the government without removing any political force from it, and the delegation also informed the leader The Sadrist movement, that the forces of the coordination framework will not go to the opposition.”
Al-Rikabi explained that "the coordinating framework forces will hold an expanded meeting for all their forces at the house of the head of the Al-Hikma Movement, Ammar Al-Hakim, to discuss what took place in the Al-Hanana meeting, and the meeting will issue a statement after the meeting ends."
Butterfly It is noteworthy that the delegation of the coordination framework, which included the head of the Al-Fateh Alliance, the head of the Popular Mobilization Committee, Faleh Al-Fayyad, and Sheikh Qais Al-Khazali, the head of the Asa’ib Ahl Al-Haq movement, met yesterday morning with the leader of the Sadrist movement, Muqtada Al-Sadr, in Al-Hanana, to complete the meeting of Al-Amiri’s house in Baghdad. https://almaalomah.me/2021/12/30/573746/
butterfly Al-Muttalib Reveals The Suitable Shiite Figure To Head The Government
Politician Last Update 12/30/2021 | 3:28 PM The former politician, Saad Al-Muttalibi, revealed, on Thursday, that there is admissibility and approval of a Shiite figure to take over the position of Prime Minister of the new government.
Al-Mutalibi said, in a statement to the "Information" agency, that "Al-Maliki is the closest to taking over the prime ministership by virtue of the acceptability he enjoys with the Sunni and Kurdish blocs and the framework forces."
He pointed out that "the next stage needs a person who is not adventurous and has a lot of external and internal acceptability, and therefore the leader of the state of law is the closest to this task."
He pointed out that "the reform government needs expertise in the next stage and a personality that is not characterized by revenge in order to complete and succeed the desired reform in the Iraqi situation."
It is noteworthy that the Alliance of Forces announced earlier the start of its talks with the Sunni and Kurdish blocs to move to the stage of alliances and to choose the personality of the prime minister before entering Parliament. https://almaalomah.me/2021/12/30/573733/
butterfly OH BOY............. "Al-Maliki is the closest to taking over the prime ministership by virtue of the acceptability he enjoys with the Sunni and Kurdish blocs and the framework forces."
butterfly Iraqis Remember The Execution Of The Tyrant Saddam
Politician Last Update 12/30/2021 | 11:50 AM On this day, December 30, 2006, the Iraqi people recall the execution of the just retribution against the buried tyrant, Saddam Hussein, for the crimes he committed against the Iraqis, the peoples of the region, and humanity.
The decision of the Supreme Criminal Court to issue death sentences by hanging to the tyrant and two of his criminals after being convicted of being responsible for the killing of 148 innocent civilians in the city of Dujail in the early eighties following an assassination attempt, as well as the bulldozing of their orchards and their agricultural lands.
The court also sentenced to death the buried criminal, Barzan Ibrahim Al-Tikriti, the half-brother of the tyrant and the grave criminal Awad Ahmed Al-Bandar, who was heading the so-called “revolutionary court” in the Dujail events.
Former Prime Minister Nuri al-Maliki signed the death sentence against the tyrant, before he was executed at dawn on December 3, 2006.
And sources revealed later in the execution of the death sentence that the United States of America tried to obstruct the execution of the sentence, while it was reported that it also tried to smuggle him out of Iraq. https://almaalomah.me/2021/12/30/573676/
butterfly The speech of the Minister of Finance and its future repercussions
2021-12-30 The speech of the Minister of Finance and its future repercussionsQaisar Al Hashemi ||
Through the speech of His Excellency the Minister of Finance, we find the following:
1- Expectations are dangerous and should be taken into account, as well as not inevitable
2- It turns out that there is the possibility of saving 10 billion dollars annually to import gas to operate power stations, while the Ministry of Oil did not address the burning of local gas, which burns absurdly, and its value doubles this number.
3- The treatment of the shortage in salary financing by increasing the exchange rate reflected its effects on the employee and the citizen only, considering that the Ministry of Finance compensated contractors and suppliers for the difference in the exchange rate of the contracts concluded, regardless of the percentage of financial completion of the contract compared to the percentage of the operational advance received,
in addition to the fact that banks and parties have fortified itself, in advance, from harming it by changing the exchange rate, because it was aware of the decision about a month before its issuance, and it doubled its profits by buying the dollar at the currency auction in cash or on credit
4- The number of employees has nothing to do with good governance only, but rather it is related to the nature of the political system, the number of people’s souls, the administrative system in which the state operates, whether it is an electronic system, the governance of procedures, the prevailing political culture and norms, the level of integrity of leaders and decision-makers, as well as the growth of the private business sector in the country and the volume of foreign investments Directly in the country on the ground
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