.KTFA:

Samson: Zebari warns of a civil war in Iraq: Shiite tension has reached its peak

15th August, 2022

The leader of the Kurdistan Democratic Party, Hoshyar Zebari, warned on Monday of a civil war that may occur in Iraq unless it is prevented, while indicating that the political tension between Shiite forces has reached its peak.

Zebari wrote in a tweet he posted on his Twitter account, "Civil wars do not happen by leadership decisions. The Kurdish war in 1994 did not start with a decision by Messrs. Massoud Barzani and Jalal Talabani, but isolated and sporadic incidents of violence by field leaders were the cause."

He added that "the current political tension between the Shiite forces, the framework and the current, has reached its peak and must be prevented, and let us benefit from history."

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Samson: The Governor of the Central Bank of Iraq receives the head of the Iraqi Media Network

14th August, 2022

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhaif, received today, Sunday, the President of the Iraqi Media Network, Dr. Nabil Jassim.

And discussed aspects of cooperation between the Central Bank of Iraq and the Iraqi Media Network

Central Bank of Iraq
Media Office
14-August 2022

Clare: WHY? I WOULD IMAGINE BECAUSE THEY ARE GETTING READY FOR THE RELEASE OF A BIG MEDIA CAMPAIGN ABOUT CHANGES COMING FROM THE CBI.... JUST LIKE WS & FRANK TOLD US...IMO

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Clare: Extension”: Dissolving Parliament without forming an interim government means that Al-Kazemi and Barham will remain

2022-08-13 19:55

A member of the Iraqi parliament for the "Extension" movement considered, on Saturday, dissolving the Iraqi parliament without going to the formation of an interim government and setting a date for early legislative elections in the country, which means keeping the current prime minister, Mustafa Al-Kazemi, and the President of the Republic, Barham Ahmed Salih.

Alaa Al-Rikabi said in a tweet to him on the social networking sites "Twitter", "The parliament is now dissolved without the formation of a temporary rescue government for a year, for example, and it was formed of independent ministers, without setting a date for a new round of parliamentary elections, without changing the election law. What does it mean?"

.KTFA:

Samson: Parliamentary Energy reveals proposals to amend the Hydrocarbon Wealth Law

08/13/2022 12:58:27

The Parliamentary Oil and Energy Committee revealed, today, Saturday, proposals to amend the Hydrocarbon Wealth Law.

Committee member Ali Shaddad Al-Faris told {Euphrates News}, "We had an intention to host the Minister of Oil, with the agreement of the members of the committee, to find out the latest developments in the oil and gas sector, in addition to the fact that oil selling prices are in light of their continuous rise," noting that "the Ministry of Oil wants to move forward." with strategic projects.

Al-Faris stated that "the committee intended to legislate the federal oil and gas law, as well as proposals to amend the hydrocarbon wealth law, in addition to projects proposed by the committees regarding oil coexistence and oil environmental coexistence." LINK

MilitiaMan: We would think an amendment would be warranted when there is an anticipated rate change to come.. Ya think? lol imo ~ MM

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Samson: Creating a legal corridor for blockchain development in Việt Nam

8th August, 2022

In the face of the explosive wave of global technology, with increasingly favourable policies and rising interest of businesses, the Vietnamese blockchain market is forecast to continue to develop positively.

The Foreign Affairs Committee of the National Assembly in collaboration with the Việt Nam Blockchain Association held a seminar on international experience in blockchain technology development and recommendations for Việt Nam last week.

The conference aims to learn and enhance experience, standardise solutions for the development and application of blockchain technology, towards perfecting the legal system, and building institutions and policies to create a legal corridor for technology-related activities.

.KTFA:

Samson: Iraq's budget... a tossing ball and scattered accounts

08/12/2022 12:26:01

A government without a financial budget has become not a strange thing in the Iraqi state in recent years, despite the severe economic and development damage to the country as a result.

The budget specifies the items of state expenditures during a year, especially for salaries, subsidies, and the payment of debt burdens, as well as the target of state revenues.

Despite the government’s success in obtaining about $ 18 billion within the Emergency Security Law for Food Security and Development approved by Parliament on June 8 to secure energy imports, finance important service projects, and fund the Social Welfare Fund, officials confirm the country’s continued need for the draft budget. Earlier, at nearly $90 billion.

.KTFA:

Samson: Five major Chinese groups announce their withdrawal from the New York Stock Exchange

12th August, 2022

Five Chinese companies, including two of the country's largest oil groups, announced their withdrawal from the New York Stock Exchange on Friday

Sinopec and PetroChina - one of the world's largest energy groups - said in separate statements that they would apply for a "voluntary withdrawal" from the US stock market

Similar announcements were made by the Chinese aluminum company "Chalco", "China Life" and a branch of Sinopec based in Shanghai LINK

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Samson: The current and the framework issue new directives to their supporters to mobilize counter-demonstrations

11th August, 2022

Both the Shiite coordination framework and the Sadrist movement opposed to it issued new directives today, Thursday, to their supporters to mobilize for counter-demonstrations in the central and southern regions of Iraq against the background of the aggravation of the political crisis, and its reaching a road in the country.

The "Organizing Committee for Demonstrations to Defend Legitimacy and Preserve State Institutions" of the framework said in a statement today that "the start of the mass demonstrations (the people protect the state) will be at five o'clock in the afternoon tomorrow, Friday, August 12, 2022, on the green walls on the side of the suspension bridge."

The statement called on "all Iraqis who love their country and their state" to "actively participate in order to demand respect for state institutions, especially the legislative and judicial ones, and to prevent lawlessness, chaos, and disruption of security and community peace, and to peacefully demand the formation of a national service government that alleviates people's suffering from high prices, water scarcity and electricity cuts, and approves a budget.

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Samson: The Central Bank: The cash reserve rose to 82 billion dollars

11th August, 2022

On Thursday, the Central Bank of Iraq revealed that cash reserves had risen to $82 billion, as well as an increase in its gold balance to record levels

The official spokesman for the Central Bank, Omar Asim, said in a statement reported by the official "Al-Sabah" newspaper, that the bank's reserves currently amount to 82 billion dollars

Assem added, "Iraq also advanced 10 ranks in the table of countries with the most gold, becoming the thirtieth in the world and fourth in the Arab world, as its total possessions exceeded 130 tons, after purchasing an additional 34 tons, and this came within the bank's policy to achieve stability and ability to confront Local and international economic variables

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Clare: Government official: Iraq is not thinking of floating the currency at the moment

10th August, 2022

A government official confirmed, on Wednesday, that Iraq is not considering floating the currency currently, indicating that the flotation at the present time will threaten the collapse of the country's economy.

The official said in an interview with Shafaq News Agency, "The rentier nature of the Iraqi economy makes it difficult to float the Iraqi currency, and therefore Iraq is not currently thinking of floating it."

The official, who asked not to be named, added, "Access to hard currency in Iraq comes mostly from our oil exports, which is in the hands of the government, and that the local market is circulating for it and does not bring this currency, and therefore its flotation will threaten the Iraqi economy with collapse because it will increase demand for it in exchange for limited supply."

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Samson: Baghdad Airport Seizes 113 Million Counterfeit Dinars, Accompanied By An Iraqi Passenger Coming From Beirut

8th August, 2022

The Iraqi Customs Authority announced Monday, that the Baghdad International Airport customs office seized more than 113 million forged Iraqi dinars, accompanied by an Iraqi passenger coming from Beirut. In a statement received by Earth News, the authority stated,

“With direct follow-up by the Director General of the General Customs Authority, Shaker Mahmoud Al-Zubaidi, with the Baghdad International Airport Customs, an Iraqi passenger coming from Beirut was seized with an amount of (113,100,000) one hundred and thirteen million. And one hundred thousand Iraqi dinars, and after taking the necessary measures by examining the currency by Al-Rasheed Bank, it was found without any doubt that it was forged.”