Zig’s Place Chatroom News Tuesday AM 6-22-21

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butterfly  A barrel of oil rises above $75 for the first time in two years

Tuesday 22 June 2021 10:41.......Oil prices rose, during trading today, Tuesday, above the level of $75 a barrel, for the first time since April 25, 2019.   By 09:22 Baghdad time, Brent crude futures rose by 0.35% to $75.16 a barrel.   And US crude futures, West Texas Intermediate, rose 0.03% to $73.68 a barrel.

The rise comes in light of expectations of a recovery in economic demand for crude oil in the world after the gradual lifting of travel restrictions.   Earlier, the American investment bank, Bank of America, improved its forecast for oil prices in 2021, raising it from $60 to $68 a barrel.

The American Bank predicted that the price of a barrel of Brent blend would rise to the level of $100 by 2022.

butterfly   Al-Zubaidi: The statements deleting zeros entered the country's economy into a new depression

Tuesday 22 June 2021 11:38...........The independent politician, Thaer Munir Al-Zubaidi, confirmed that the statements of deleting zeros entered the country's economy into a new depression, to which are added the ill-studied economic and financial plans.

And he said in a press statement today that: the recent irresponsible statements about the deletion of zeros from the national currency on the one hand and the rise in the dollar exchange rate on the other hand constituted confusion and more depression in the Iraqi markets, which affected the work of the private sector in general.

Al-Zubaidi added that: the government measures to stop the deterioration of the national currency have not yet reached the required level, and the dollar exchange rate remained high without urgent and tangible solutions, despite the rise in the price of a barrel of oil to nearly $75.

He explained: We also did not witness any serious moves by the government and regulatory authorities regarding the abnormally high food prices, which increased the suffering of people, especially the owners of daily work and limited income.

Al-Zubaidi called on the Prime Minister to hold an urgent meeting with the Ministry of Planning, the Governor of the Central Bank, the Integrity Commission and the supervisory authorities to remedy the collapse of the Iraqi economy and its negative effects on the living standard of the citizen.

butterfly   A hot parliamentary meeting with the Governor of the Central Bank on the repercussions of the dollar exchange rate

Tuesday 22 June 2021 16:10............The Parliamentary Finance Committee hosted today, Tuesday, the governor and members of the Board of Directors of the Central Bank, on the repercussions of the dollar exchange rate in the local market.

The meeting, which was attended by members of the Finance Committee and some representatives of political blocs, witnessed a heated discussion about the feasibility of economic reforms.

butterfly   The Ministry of Oil invites engineering professionals to apply via the electronic window, starting from the 27th of this June

Tuesday 22 June 2021 16:08..........The Ministry of Oil called on those with engineering specializations to apply through the electronic window, starting from the 27th of June.

The ministry said in a statement that the National Iraqi News Agency / NINA / received a copy of it: “Based on Cabinet Resolution No. 192 for the year 2021 and with the aim of accelerating the administrative procedures for applicants to work for a daily wage, and based on the directive of the Minister of Oil, I decided that the date for submission to work as a daily wage will be from Those with engineering specializations starting from 6/27/2021 instead of 1/7/2021, and the submission will be via the website of the Ministry of Oil (oil.gov.iq) and on the electronic link that will be announced on the date mentioned above, and the application period has been set at a period A maximum of ten days from the date of publishing the electronic link

butterfly  2021-06-22 04:34  Shafaq News/ OPEC's, Organization of the Petroleum Exporting Countries, reference basket oil price rose to $72.45/bbl driven by other crudes.

OPEC said in a statement that the price of OPEC basket of thirteen crudes reached 72.45$ a barrel compared with $71.56 on Monday.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

butterfly   2021-06-22 04:25   Shafaq News/ The Central Bank of Iraq (CBI) sales in the foreign currency auction increased to more than $246 million today, Tuesday.

Shafaq News Agency correspondent said that the CBI sales increased to $246,566,000 at a cut-off price of 1460 dinars, compared to $243,385,000 yesterday.

Our correspondent explained that 19 banks and 26 exchange companies cashed $67,040,000, while $179,526,603 went to boost funds abroad in the form of transfers and credits, with 34 banks meeting those requests.

butterfly   2021-06-22 02:25   Shafaq News/ The Dinar/Dollar exchange rates dropped in Baghdad and Erbil today, Tuesday.

Shafaq News Agency correspondent said that Al-Kifah and al-Harithiya Central Exchanges are trading the 100 US dollar at 147800 Iraqi Dinars.

the US buying and selling prices in Iraqi local markets reached 148250 and 147250 respectively, for every 100 U.S. dollar.

In the capital of the Kurdistan Region, Erbil, the US buying and selling prices rose to 148000 and 147500, respectively.

butterfly   The Kurdistan region reveals its share in the budget and clarifies about the 200 billion

06/22/2021 ........{Economic: Al Furat News} The Minister of Planning in the Kurdistan Regional Government, Dara Rashid, announced today, Wednesday, that the federal government will send 200 billion dinars, retroactively, until the Board of Supreme Audit finishes auditing the region’s imports.

The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. To subscribe, click here

Rashid said, in a statement he made to reporters today, that the region's draft budget was delayed in sending it to Parliament due to the delay in implementing the federal budget law, because until now it is not clear how much Baghdad will send to us.

And he added, "The region's share in the federal budget law is 11.4 trillion dinars, and if we do not receive this amount, we will not be able to organize our financial affairs."

Rashid also confirmed that currently the federal government has agreed to send 200 billion dinars retroactively until the completion of the audit of the region's imports by the financial control, adding that the federal financial control is doing its work and until yesterday their delegation was present in the region.

The minister noted that there are currently no legal obstacles to sending the region’s share, and what prevents this is only technical matters, stressing that the regional government has expressed more than once its willingness to deliver oil imports and crossings according to what is stated in the law

butterfly   Regarding the number of employees working in the public sector, the minister said: Currently, the region has 753 thousand employees, and the Federal Oversight Bureau has no comments about the number of the region's employees.

And he went on, saying: The Ministry of Finance announced that it will continue to deduct 21% of the employees' salaries for this month as well, because so far, even the amount of 200 billion dinars has not reached the region.

butterfly   Al-Rasheed launches the application for the predecessors of the beneficiaries and the teaching professors in universities and institutes

06/22/2021............{Economic: Al Furat News} Al-Rasheed Bank launched, on Tuesday, the application for the predecessors of the beneficiaries and the teaching professors in universities and institutes.

And the media office of the bank stated in a statement that {Euphrates News} received a copy of it, that “the application for the predecessors of the beneficiaries (victims of terrorism and political prisoners), as well as the teaching professors in universities and government institutes, has been launched and the sponsor’s requirement has been abolished.”

He added, "The application is made by entering the link for the exchange," noting that "the grants are made within (72) hours without any review."

butterfly  ExxonMobil plans to cut 10 percent of its jobs............06-22-2021 09:29 AM,,,,,,,,,Informed sources said that the American oil giant Exxon Mobil Corp. plans to cut its office jobs by 5-10% over the next three to five years.

And the Bloomberg news agency reported that the company will use its "performance evaluation" system to implement the job cut-off plan, and therefore it will include only employees who are less qualified than their colleagues. Therefore, this process will not be classified as layoffs. At the same time, the evaluation process for the current year is still in progress, but the result has not been communicated to the staff.

“Our annual performance appraisal process has been going on for the past several months...when employees are not working at their maximum potential, they may need to sign up for a performance improvement plan. That's the process that's been going on for many years. And it's It aims to improve performance. This process is not linked to measures to reduce employment."

ExxonMobil had announced last year a plan to reduce its workforce worldwide by 14,000 workers by the end of 2021. The number of employees in the company until mid-2020 was about 72,000 workers worldwide.

Butterfly   Allawi: America is tired of Iraq and will reduce its interference in it and the region

Posted, 06/22/2021 22:15:41   TalibaniThe head of the National Coalition, Iyad Allawi, revealed that the US side announced its exhaustion in Iraq and that it would reduce its interference in the country and the region.

Allawi said; For the program “Al-Mastra” broadcast by Al-Furat satellite channel on Monday evening, he “met two ambassadors, one of whom is close to the United States of America, who confirmed that it is exhausted in Iraq and is not ready to continue the internal affairs of the country and reduce their numbers in the region,” noting that “the survival of the Americans was not organized through rules.” engagement and respect for Iraq’s sovereignty.”

He added, “I spoke with the American side about the big mistake in targeting the former commander of the Quds Force in the Iranian Revolutionary Guard, the martyr Qassem Soleimani in Iraqi territory, and he was coming at the invitation of the Iraqi government.”

Allawi added, “The political environment, loose weapons, and chaos do not encourage holding early elections, in addition to the existence of loopholes in the electoral law and devices for examining polling results, and a lack of understanding of the nature of international monitoring of elections.”

And he indicated that “the elections lost their credibility in Iraq, as happened in 2010 with foreign interference regarding the largest bloc, and that he demanded in 2016 to change the electoral law for the integrity of the elections and to change the commission away from quotas.”

Allawi concluded, “The law of multiple constituencies is separated according to the parties’ vision, and it is shameful that a country like Iraq does not have a stable election law,” expecting “the participation rate in the elections will drop to less than 18%.”

butterfly   He pointed out that “the family of security expert Hisham al-Hashemi sought after his assassination to leave Iraq due to the lack of internal security,” adding, “I no longer believe in the elections and the political process, and we will resort to demonstrations and escalation to expose those involved in the blood of demonstrators and activists and the assassination of al-Hashemi.”

And Allawi added, “We did not come to Iraq to kill the Iraqi people and we fought the dictator because of that, and we are against the run elections that are governed by corruption, political money, foreign trends and uncontrolled weapons, and we supported Mustafa Al-Kazemi’s government in his presidency of the government and the killing continues.”

He stressed, “The Popular Mobilization is respected by him, and I suggested to Masoud Barzani the formation of a leadership of armed forces, including the Popular Mobilization and the Peshmerga,” noting that “the Iraqi constitution did not give the Commander in Chief of the Armed Forces general command, and that it was written on the whips of the Americans and quickly.”

Allawi commented on his withdrawal from the elections by saying, “I withdrew from the elections due to their lack of integrity;

Allawi concluded, “The fiscal policy in Iraq is good for maintaining the state budget, but the mistake of the concerned authorities is that there is no guarantee to compensate the fragile classes, and Baghdad is responsible for obstructing the agreement with Erbil, and all provinces must be looked at with one eye.” alforatnews.com

butterfly   Parliamentary Finance directed to host Allawi to discuss what was proposed in hosting the Governor of the Central Bank

06/22/2021 16:49:11   Parliamentary Finance directed to host Allawi to discuss what was proposed in hosting the Governor of the Central BankThe Finance Committee, headed by Haitham Al-Jubouri, the head of the committee, and the presence of its members and a number of members of other parliamentary committees, hosted, on Tuesday, the Governor of the Central Bank, Mustafa Ghaleb Mikhaif, and the Deputy Governor, Ammar Hamad Khalaf.

According to the committee’s statement, {Euphrates News} received a copy of it, that the periodic meeting that took place at the headquarters of the Finance Committee discussed the steps that the Central Bank promised to implement to reduce the repercussions of changing the exchange rate and its implications, and the issue of selling the currency and facing the process of its depletion and ways to preserve and invest it properly.

The Finance Committee discussed the projects, plans and loans that the bank promised to implement after changing the currency exchange rate, stressing “the need to abide by those promises and the speed of their implementation, particularly those that contribute to the employment of unemployed youth and support the housing, industry and agricultural sectors, support the local product and ease restrictions and routine procedures on them.”

The committee also discussed, according to the statement, the issue of electronic linkage between the ministries of commerce and finance, the customs and tax authorities with the Central Bank, as well as the automation of procedures at border crossings, stressing “the need for the government to fulfill its duty towards this as indicated by the Finance Committee and the House of Representatives through the Budget Law for 2021.” “.

butterfly   The Finance Committee called on the Central Bank to “take the strongest strict measures against banks that violate regulations,” stressing “its support for the bank in this regard, as the current period requires concerted efforts among all authorities.”

The committee was also directed, to host the Minister of Finance, Ali Abdul Amir Allawi, to discuss what was presented in the hosting and to discuss a number of issues that concern the economic reality of the country.

For his part, the governor of the Central Bank provided an explanation of what the bank has taken and the steps it seeks to take to reduce the negative effects of changing the exchange rate, revealing “the launch of an initiative worth 5 trillion in addition to contributing to moving the housing sector to complete the residential complexes that were suspended, as well as the imminent issuance of bonds.” It enables people to invest their money.    alforatnews.com

Butterfly   Parliamentary Finance hosts the Governor of the Central Bank / Expanded

Tuesday 22 June 2021 16:46......... The Finance Committee, headed by Haitham Al-Jubouri, the head of the committee, and the presence of its members and a number of members of other parliamentary committees, hosted today, Tuesday, the Governor of the Central Bank, Mustafa Ghaleb Mikhaif, and the Deputy Governor Ammar Hamad Khalaf.

And the head of the committee said in a statement that the National Iraqi News Agency / NINA / received a copy of it: “The periodic meeting that took place at the headquarters of the Finance Committee discussed the steps that the Central Bank promised to implement to reduce the repercussions of changing the exchange rate and its effects, and the issue of selling the currency and confronting the process of its depletion and ways to preserve them and invest them properly.

The Finance Committee discussed the projects, plans and loans that the Bank promised to implement after changing the currency exchange rate. The Committee stressed the need to abide by those promises and the speed of their implementation, particularly those that contribute to the employment of unemployed youth, support the housing, industry, and agricultural sectors, support the local product, and ease restrictions and routine procedures on them.

butterfly   The committee also discussed the issue of electronic linking between the ministries of commerce and finance and the customs and tax authorities with the Central Bank, as well as the automation of procedures at border crossings, stressing the need for the government to fulfill its duty towards this as indicated by the Finance Committee and the House of Representatives through the Budget Law for 2021.

The Finance Committee called on the Central Bank to take the most strict measures against banks that violate regulations, stressing its support for the bank in this regard, as the current period requires concerted efforts among all authorities.

The committee was also directed to host the Minister of Finance to discuss what was proposed in the hosting and to discuss a number of issues that concern the economic reality of the country.

For his part, the governor of the Central Bank provided a clarification regarding what the bank has taken and the steps it seeks to take to reduce the negative effects of changing the exchange rate, revealing at the same time the launch of an initiative worth 5 trillion dinars in addition to contributing to moving the housing sector to complete the residential complexes that were suspended, as well as Close issuance of bonds that enable citizens to invest their money.

butterfly   Nineveh Governor: The Prime Minister agreed to disburse the amounts frozen in Iraqi banks from the governorate’s share

Tuesday 22 June 2021 18:34..........Nineveh Governor Najm Al-Jubouri announced that Prime Minister Mustafa Al-Kazemi agreed to disburse the frozen amounts with Iraqi banks from Nineveh's share, amounting to 430 billion dinars, and it will be spent on reconstruction projects, and the priority will be on the right side of Mosul.

Al-Jubouri told the National Iraqi News Agency ( NINA ): "The Prime Minister also ordered the transfer of frozen funds to the departments of Nineveh Governorate to be a work budget for the Supreme Committee for the Reconstruction of Mosul, in which new projects will be launched and priority will be given to the old city."

He added, "Al-Kazemi instructed the Ministry of Finance to release the compensation amounts to the people of Nineveh Governorate, and the approval of the Prime Minister was obtained on the recommendations of the joint record between the Civil Aviation Authority on the one hand, and the Governor of Nineveh Najm al-Jubouri and the Executive Office of the Committee on the other hand, to begin the rehabilitation of Mosul Airport, as well as to restore The Ministry of Defense approached the transformation of the Ghazlani camp into a residential complex with its commercial and recreational facilities, and part of it would be allocated to Ministry of Defense employees.

butterfly   Wasit Agriculture releases hundreds of fingerlings for the Buzz and Kattan fish in the Tigris

Tuesday 22 June 2021 19:09,,,,,,, The Department of Livestock in the Al-Suwaira hatchery, in cooperation with the Department of Livestock in the Wasit Agriculture Directorate, launched a campaign to release fingerlings of tan and goat fish in the Tigris River.

The Director of Wasit Agriculture Arkan Hussein told the correspondent of the National Iraqi News Agency / NINA / that: "The livestock teams released hundreds of fingerlings of Al-Baz and Al-Qatan fish in the area of ​​the front of the Kut dam and the north of the governorate, in order to multiply the required varieties that are present annually in the river cutter and provide the largest number possible. of fish to enrich and feed the local market with the required varieties and promote the fisheries wealth in Wasit.”

He added: "The Department of Livestock and the Directorate of Wasit Agriculture works annually to release thousands of varieties during the months of May and June in the Tigris River Basin in Wasit Governorate to multiply fish after the mating and reproduction period in the past months."

Butterfly   Most of the power plants in Kirkuk are out of work

Tuesday 22 June 2021 18:59 ................. A source in the Kirkuk electricity distribution announced that most of the electricity production stations in the province have stopped.

The source said: "The units K1, K2, K3, Khurmalah No. 1, and Mulla Abdullah Al-Jadida No. 1 and No. 2, are out of service now because of the collapse in the national network in Iraq."

butterfly   Hassan Nazim: Al-Kazemi will go on a European tour and visit the United States during the coming period / Expanded

Tuesday 22 June 2021 18:43,,,,,,,,,,,The spokesman for the Council of Ministers and Minister of Culture, Hassan Nazim, announced that: Prime Minister Mustafa Al-Kazemi will visit European countries and the United States during the coming period.

He said in the weekly press conference that: The government is in negotiations with the United States to take care of our national interests.

Nazim added that there is a work of art between the two countries to end US combat troops file in Iraq.

He said: there is a plan for serious distribution of land to all citizens after the completion of the electronic platform for presenting. He noted: the discussion of the Council of Ministers printed school courses inside Iraq and providing them with the start of the next academic year. among Nazim said: The Council of Ministers decided to write off the sums owed by the employees of the Prisoners Institution who were martyred as a result of terrorism.

There are procedures for the government to take care of the housing file through the initiative of the Central Bank to finance the real estate bank," Nazim continued And the Housing Fund with more than one trillion and 800 billion dinars, which will grant loans to citizens without interest to buy and build housing units with a repayment period of up to 20 years to motivate citizens to buy housing units.

butterfly   He noted that the Council of Ministers hosted the Head of the Electoral Commission and the Prime Minister's Advisor for Elections Affairs to overcome the difficulties facing its work and to discuss preparing the commission's warehouses and taking care of the cadre that will work during the elections.

Nazim stressed: The government's determination to achieve fair and impartial elections on the scheduled date on the tenth of next October.

The council, according to Nazim, agreed to allocate three billion dinars for the expansion of the Baghdad-Kut road, indicating that the council approved the national strategy to protect sensitive security structures such as oil, electricity and others.

He pointed out that: The amount of 200 billion dinars allocated to the region will be sent soon because of its importance to the humanitarian side.

Nazim stated that: The Federal Service Council is working on appointments according to the needs of the ministries.

Dave   Wow most of the power down in Kirkuk.......1 million without AC........120 degrees.........ouch.....

Dave   too bad they cant convert all that oil into ice........

Dave   "because of the collapse in the national network in Iraq."

Dave   odd that it only happens in the disputed territories......AC must work in Baghdad i suppose...

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