Friday Evening Iraq Parliament News Highlights 8-5-2
.Friday Evening Iraq Parliament News Highlights 8-5-2
The Coordination Framework Holds A Meeting In The Presence Of All Its Leaders In The House Of Al- Hak
On Thursday, former member of the House of Representatives, Muhammad Ibrahim, accused the caretaker prime minister, Mustafa Al-Kazemi, of a catastrophic failure in managing the state.
Ibrahim said in a statement, "The caretaker prime minister, Mustafa Al-Kazemi, failed miserably in managing the state and did not achieve what was required of him, especially in the thorny files that the country went through."
Friday Evening Iraq Parliament News Highlights 8-5-2
The Coordination Framework Holds A Meeting In The Presence Of All Its Leaders In The House Of Al- Hak
On Thursday, former member of the House of Representatives, Muhammad Ibrahim, accused the caretaker prime minister, Mustafa Al-Kazemi, of a catastrophic failure in managing the state.
Ibrahim said in a statement, "The caretaker prime minister, Mustafa Al-Kazemi, failed miserably in managing the state and did not achieve what was required of him, especially in the thorny files that the country went through."
He added that "the caretaker prime minister, despite the financial boom and the high oil price, did not reflect this on the deteriorating reality of the citizens, and therefore it is not possible to keep him for a longer period, whatever the reasons."
Political and popular voices reject the renewal of the current caretaker prime minister, Mustafa Al-Kazemi, and he bears many flaws. finished/ 25 LINK
Iraq.. The Second Step Of The Sadrist Movement To Dissolve Parliament
Posted On2022-08-04 By Sotaliraq Sadr's supporters stormed the Iraqi parliament on Saturday.
The leader of the Sadrist movement, Jaafar al-Moussawi, called on Iraqi Prime Minister Mustafa al-Kazemi, on Thursday, to dissolve parliament in a practical application of the movement's leader Muqtada al-Sadr's call for early elections in the hope of ending the worsening political crisis in the country, according to what the "Sky News Arabia" correspondent reported in Baghdad.
Al -Moussawi called Al- Kazemi to submit a request to the President of the Iraqi Republic, according to the Iraqi constitution, to dissolve the current parliament, and to call for early elections within a maximum period of 60 days from the date of dissolving the parliament.
Parliament may be dissolved with the approval of an absolute majority at the request of one-third of the members or the prime minister, and with the approval of the President of the Republic, in accordance with the constitution
In the first reactions, the chief negotiator of the coordination framework, Hadi al-Amiri , welcomed al- Sadr's call to dissolve parliament, despite the fact that the political crisis in the country was caused by the dispute between the Sadrist movement and the coordination framework.
Al -Sadr had called on his supporters, on Wednesday, to continue their sit-in in the House of Representatives in Baghdad , until their demands, which include early elections and unspecified constitutional amendments, are met.
And last Saturday, Sadr's supporters began a sit-in at the Iraqi parliament, last Saturday, to express their rejection of the nomination of Muhammad Shia al-Sudani as prime minister, whom they consider to be a follower of former Prime Minister Nuri al-Maliki , Sadr's main opponent.
Al-Sadr considers that the arrival of Al-Soudani to power in Iraq is a great danger, so he rushed to push his supporters to sit in Parliament to disrupt this step, especially since the coordination framework was determined to move forward with the appointment of Al-Sudani.
Al-Sadr won the largest bloc in the elections that took place in October last year, with 73 members out of 329 members, but he failed to form a government during the past months.
After that, Al-Sadr asked his deputies in Parliament to submit their resignations, which has already been done, and according to the constitution, they were replaced by the candidates who ranked second in their constituencies, which practically led to the rise of the majority of the coordination framework candidates. LINK
The framework promotes Al-Amiri at the expense of Al-Maliki to entice Al-Sadr to negotiate
Posted On2022-08-04 By Sotaliraq Baghdad / Tamim Al-Hassan The coordinating framework continues to think about persuading the leader of the Sadrist movement, Muqtada al-Sadr, to go to dialogue.
With this step, the Coordinator aims to gain two points in one fell swoop: to return to the negotiation track, and to send a message to al-Sadr that al-Maliki is no longer a major player.
The protesters were inside the House of Representatives for their fourth night outside the parliament halls, after conflicting orders to evacuate the place.
In order to organize the demonstrations, the “minister of the leader,” a Twitter account approved by the leader of the current, announced the formation of a committee of those close to the organization to organize the affairs of the protesters.
And the “minister,” Salih Muhammad al-Iraqi, stated in a “blog” that “in view of the requirements of the public interest and in order to organize and perpetuate the popular sit-in for the Muharram revolutionaries, it was decided to form a special committee to carry out this task and provide all organizational and logistical matters to the protestors.
And he indicated that: "The media statements and special directives remain exclusively through the Minister of Commander (Hajj Saleh Muhammad Al-Iraqi)".
Al-Iraqi explained that the committee consists of 7 names: Hazem Al-Araji, Ibrahim Al-Jabri (director of Al-Sadr’s office), the resigned deputy speaker of Parliament Hakim Al-Zamili, Muhammad Al-Aboudi, Tahseen Al-Hamidawi (official of Saraya Al-Salam), Hassan Al-Kaabi, the former deputy speaker of Parliament, and the independent deputy Shaima Al-Obaidi.
On Tuesday evening, the “commander of the leader” called on the demonstrators who have been in Parliament since last Saturday, to evacuate the building within 72 hours.
The “Wazir” post said that after “liberating the House of Representatives,” the sit-in will turn into “in front of and around Parliament and its approaches.”
And before 24 hours of the “72 hours” deadline passed, the protesters had only left the parliament session halls, following new directions from Ibrahim Al-Jabri, the director of Al-Sadr’s office.
Al-Jabri, in an explanation of “Al-Iraqi” tweet in a video clip, said that “the directive of the Minister of Mr. Al-Sadr focuses on the withdrawal of the protesters from the parliament session hall only.”
Al-Jabri called on the demonstrators to continue their sit-in inside and outside the corridors of the parliament building.
Some information obtained by Al-Mada from Al-Sadr’s circles indicates that the sit-ins may expand if the crisis continues to include new sites.
The recent tweet of the "minister of the leader" had hinted at the development of the sit-ins, as he said that: "There were other places where the sit-in should be held, and instructions will come to you accordingly."
The “blog” also referred to the expansion of the demands, as “Al-Iraqi” added: “The permanence of the sit-in is very important for the realization of your demands, which we will present to you later.”
The (range) revealed the day before yesterday, that the leader of the Sadrist movement may take "new escalation" steps after Muharram 10 (Ashura) in the middle of next week.
These steps depend on what will happen in the coming days, as proposals have begun to reach “Al-Sadr” to get out of the crisis other than the “dialogue” option.
According to al-Sadr's circles, "there are proposals that Mustafa al-Kazemi's government remain for one year, during which new elections are prepared, and during which a new constitution is written."
But until now, you did not know the mechanism of writing the new constitution - if it actually happened - and who will perform this task? Where these circles indicate that “there are proposals to dissolve parliament or return the resigned current deputies.”
And most importantly, according to what those circles say about the discussions that are taking place: “The leader of the Sadrist movement will not relieve pressure before he sees a change or the beginning of change for fear of repudiation of the political forces.”
In the summer of last year, al-Sadr had received pledges from his Shiite partners in what was known as the “Reform Document.”
This document, signed by some of the leaders of the "framework" now, contained conditions for the return of "Sadr" at the time to the elections, after a month's estrangement.
The most prominent contents of the document were the constitutional amendments, the dissolution of the “militias,” and the restructuring of the Popular Mobilization Forces in a certain period of time.
In turn, Ghaleb al-Dami, a professor of media at Ahl al-Bayt University, says: "The radical change that the leader of the Sadrist movement is demanding is very difficult, and there are other components in the country that will not agree."
Al-Daami added in an interview with (Al-Mada): “These demands should be reduced to more practical ones, such as amending the constitution.”
The media professor points out: “Even amending the constitution requires great effort and discussions because the three components’ vision (Shia, Sunni, and Kurds) are conflicting over some of its articles.”
Previous parliamentary sessions had formed more than one committee to amend the constitution in accordance with Article 142 of the constitution, but they did not reach a solution due to the difference of opinions.
Hope in Amri!
On the other side of the events, the "coordinating framework", which seems unable to find solutions to the crisis except to invite the leader of the Sadrist movement to solutions, began to promote the personality of "Amiri."
The "Attrion" launched the slogan "Al-Amri Sheikh Al-Attar", in reference to the leader of the Al-Fateh Alliance, after the latter demanded the resignation of the Shiite group.
But a well-informed politician reads this campaign in a different way, telling Al-Mada that "Al-Amiri is the only person on whom the framework depends in the dialogue with Al-Sadr."
Al-Amiri had called on the leader of the movement to sit at the discussion table, but the latter stipulated that he should expel Al-Maliki and leave the framework.
The politician, who asked not to be named, asserts that: "Promoting Al-Amiri is not only for the sake of dialogue, but rather an indication that Al-Maliki is no longer a key player in the group, which may encourage Al-Sadr to dialogue."
Qais al-Khazali, the leader of Asa’ib, MP Ahmed al-Asadi, and Shibl al-Zaidi, leader of the Imam Ali Brigades - one of the PMF factions - in statements and “tweets” named “Sheikh al-Atar” the head of the Al-Fateh Alliance.
On the other hand, other parties in the "Coordination", most notably Ammar al-Hakim and his partner in the coalition of state forces, Haider al-Abadi, encouraged Prime Minister Mustafa al-Kazemi's recent initiative, which also relates to comprehensive dialogue. LINK
President Barzani Receives The Dutch Consul General In Erbil
Posted On2022-08-04 By Sotaliraq President Masoud Barzani received, at the Salah al-Din resort near Erbil, on Wednesday, the Dutch Consul General in Erbil, Hans Akrobom, on the occasion of the end of his work.
[size=45]During the meeting, views were exchanged on the latest developments in the Iraqi political process. The Dutch diplomat confirmed that his work in the Kurdistan Region was a great honor and will remain a friend to the people of Kurdistan now and in the future, stressing that his country is ready to cooperate with the Kurdistan government to develop bilateral relations, especially in the field of technology. agriculture and diversification of the agricultural sector. LINK
Fadel Mirani Issues A Clarification Regarding His Statement Regarding The Dissolution Of Parliament
Shafaq News/ Kurdistan Democratic Party Secretary Fadel Mirani issued a clarification on Thursday regarding his statement about dissolving the Iraqi parliament.
Mirani said in a statement received by Shafaq News Agency, "What was issued by me on the issue of dissolving the Iraqi parliament does not represent the opinion and orientations of the Kurdistan Democratic Party, but rather represents my personal opinion."
Fadel Mirani had announced earlier today that dissolving parliament is not an easy thing, in response to the call of the Sadrist movement's leader Muqtada al-Sadr to dissolve it and hold new elections. LINK
Al-Maliki Expresses His Position On The Early Elections And Warns Of The 10/10 Scenario
Shafaq News/ The head of the State of Law coalition, Nuri al-Maliki, reiterated on Thursday evening the importance of adhering to the constitutional and legal mechanisms, to spare Iraq successive crises, while stressing the importance of preventing a recurrence of what the previous elections witnessed in the upcoming voting process.
Al-Maliki wrote, in a tweet he posted on his Twitter account, that "adhering to the constitutional and legal mechanisms is the only option that spares Iraq the successive crises that have caused severe damage to the higher interests of the Iraqi people and exposed civil peace to serious dangers."
He added that "any early elections must be held in accordance with the constitution and national consensus, in a manner that enhances national unity, and prevents a repetition of what happened in previous elections that witnessed an unprecedented process of manipulation, the effects and negative repercussions of which are still a source of suffering, after they caused a serious crack in the social fabric." ".
The coordinating framework, which brings together the Shiite forces participating in the political process, affirmed on Thursday evening its support for any constitutional path to address political crises and achieve the interests of the people, including holding early elections, on the condition that national consensus on early elections is achieved, and a safe environment is provided for their holding.
These positions come a day after the leader of the Sadrist movement, Muqtada al-Sadr, called for dissolving the current parliament and holding early elections, which he said he had not yet decided whether or not to run.
The political scene is living in a crisis situation and a dead end unprecedented in the history of Iraq, as more than 300 days have passed since the early elections without being able to form a new government in the country, and the survival of the caretaker government headed by Mustafa Al-Kazemi.
On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating reality The service and the livelihood, which prompted the former prime minister, Adel Abdul-Mahdi, to resign under popular pressure.
As soon as the preliminary results of the elections were announced, the voices of forces and political actors rose in their rejection of losing many seats, accusing them of major fraud in the ballot, which was denied by the executive and judicial authorities, at a time when the United Nations and international organizations praised the integrity of the electoral process. LINK
Iraq: Preconditions For Early Elections
Baghdad Mohamed Ali August 05 20 Iraq: Preconditions for early elections Sadr's supporters are preparing for a united prayer today inside the Green Zone (Ahmed Al-Rubaie/AFP)
The political crisis in Iraq is heading back to square one, with demands centered on dissolving parliament and holding early parliamentary elections, a position adopted by the leader of the Sadrist movement Muqtada al-Sadr, but the opposite party, specifically the "coordinating framework" forces , whose positions seemed to conflict with the early elections, It was setting preconditions.
This comes in light of the continued sit-in by the Sadrist movement's supporters in the Green Zone in central Baghdad, while they are preparing to hold a unified prayer today, Friday, inside the Green Zone, specifically in the Victory Square designated for major military parades, amid strict security measures taken by the Iraqi forces in the vicinity of the event.
A security official told Al-Araby Al-Jadeed that "the measures stemmed from fears of operations targeting al-Sadr's supporters, in order to detonate the congested situation."
Al-Sadr calls for the dissolution of parliament and early elections
Al-Sadr had called, in a speech delivered from the city of Najaf in southern Iraq on Wednesday evening, to dissolve parliament and hold early and fair elections , considering that there is no benefit from dialogue. He stressed that his current protest movement "is not a struggle for power," declaring that the movement will continue until its demands are met. He continued, "I will not start with bloodshed, and if they do, then reform requires sacrifice." He also indicated that he has not yet decided to participate in the upcoming elections.
In a statement posted on "Twitter" yesterday, Thursday, al-Sadr said that the unity of the Shiite rank "currently is extremely important if it is based on rejecting subordination and real reform, rejecting corruption and the corrupt and prosecuting them." He addressed the "Popular Mobilization" by saying: "They are closer to our opinions, we, the al-Sadr family," adding that "the crowd's mujahideen are fully prepared to defend reform and truth."
Al-Sadr: The unity of the Shiite rank is currently very important if it is based on rejecting subordination and real reform, rejecting corruption and the corrupt and putting them on trial.
A politician close to the Sadrist movement, Fattah al-Sheikh, had told Al-Araby Al-Jadeed that "the new early elections must be in an atmosphere free from uncontrolled weapons, political money and the participation of the corrupt, and in which there is an emphasis on the application of the entire provisions of the parties' law, and this What will the Sadrist movement do after turning to this option?
Variations within the "coordinating framework"
Following al-Sadr's call to dissolve parliament and hold early elections, and his rejection of calls for dialogue with the "coordinating framework", different and varied reactions were issued by forces and parties within the framework, some of whom supported this solution, others had reservations about it, and a third set conditions for its implementation.
A prominent Iraqi leader in the "Al-Fateh" coalition, the political wing of the "Popular Mobilization" factions, told Al-Araby Al-Jadeed that the position within the "coordinating framework" forces was divided until yesterday, between accepting the option of dissolving parliament and holding new elections,
Among others, they first require changing the current election law (multiple districts) and hold it responsible for their loss of many seats, and others demand the formation of a new government first that will take upon itself the organization of the next elections, and they refuse to keep Mustafa Al-Kazemi’s government as a non-neutral party and closer to Al-Sadr than them.
He considered that "Al-Sadr raised the ceiling of his demands to dissolve parliament and hold early elections, and this means that we have at least 9 months before the commission can prepare the file for the new elections." On the position of the Sunni and Kurdish forces on the crisis, he stressed that it is "closer to al-Sadr, and there are unannounced and continuous contacts between the leaderships of the Sovereignty Alliance and the Democratic Party to coordinate positions."
He pointed out that "the efforts of friendly parties have contributed in the past two days to controlling the situation and preventing their interaction in the Shiite al-Sadr and al-Atari street, but in any case, the situation is still tense within the political center."
Iraq: Preconditions for early elections 1241090531
Arabic reports
Iraq: Does Sadr Get Supporters Who Aren't His Supporters?
For his part, the head of the Popular Mobilization Authority, Faleh al-Fayyad, told Al-Jazeera that the rerun of the parliamentary elections is no longer an issue for the Sadrist movement, noting that the "coordinating framework" has not yet taken its official position on holding early elections.
But he considered that dissolving parliament and holding early elections would be a solution in the event that all blocs and other political parties agree, pointing out that the system of government in Iraq is consensual and one position cannot be accepted for a specific party. He believed that the current government is a caretaker government and does not have the powers to hold re-elections.
Al-Fayyad: Dissolving Parliament and holding early elections will be a solution if all blocs and political parties agree
In the same context, former Prime Minister Nuri al-Maliki issued a statement in which he responded to al-Sadr's call for elections, saying that "there must be a return to the constitution and respect for constitutional institutions." He considered that the solution "is through serious dialogues, from which we hope to resolve differences and restore matters to their rightful place."
For his part, the leader of the "Al-Fateh" coalition, Hadi al-Amiri, announced his support for holding early elections, but added that holding elections "requires a comprehensive dialogue in order to set a date, mechanisms and requirements for holding them, and to provide appropriate climates for free, fair and transparent elections that restore citizen's confidence in the political process."
As for the leader of the "Victory" coalition, Haider al-Abadi, who is one of the pillars of the "coordinating framework", he welcomed al-Sadr's request to hold early elections, considering in his statement that "the step is to preserve blood and achieve reform." He called on everyone to "join hands to serve the people, reform the system and strengthen the constitutional state."
In the context of the disputes within the “coordinating framework”, political sources in Baghdad revealed to “Al-Araby Al-Jadeed” that a meeting that was scheduled for Wednesday night for the leaders of the “framework” was postponed due to the failure of many coalition leaders to attend the meeting that was scheduled at the home of the leader of the Islamic Council. Above, Hammam Hammoudi.
According to the sources, the non-attendance is due to differences in viewpoints, especially between Al-Maliki and Khazali on the one hand, and Al-Amri, Al-Abadi and Al-Fayyad on the other. It revealed efforts by the UN envoy in Baghdad, Jenin Plasschaert, to play a role in the coming days, to create an atmosphere that would allow meetings between representatives of the Iraqi political forces.
On the other hand, a member of the Iraqi civil movement, Ahmed Haqqi, told Al-Araby Al-Jadeed that the civil and secular forces will issue a statement in support of dissolving parliament and holding early elections. He added that the general trend is for civilians and independents to participate strongly and not to boycott any future elections, whether the "Tishreen Forces" or the Communist Party.
For his part, a member of the Sadrist movement, Muhammad al-Daraji, told Al-Araby Al-Jadeed that the presence of the movement's supporters in the Green Zone "continues until directives are issued by Najaf," referring to Al-Sadr. He talked about the imminent entry of "other non-Sadr popular activities on the line of protests in Baghdad", without naming any of them, but the closest that they are meant is the clans that announced their support for al-Sadr earlier. LINK
Some "Vietnam News" Posted by Samson Friday 8-5-2022
.KTFA:
Samson: Vietnam : Banking sector can be pioneer in digital transformation: PM
5th August, 2022
Prime Minister Phạm Minh Chính said the banking sector had all the factors to be pioneering and, in fact, was at the forefront of the digital transformation process.
Digital transformation was an inevitable trend, and an urgent requirement, noted the Prime Minister.
The Prime Minister, who is also Chairman of the National Committee on Digital Transformation, attended and delivered a keynote speech at the Conference on Digital Transformation in the Banking Sector organised by the State Bank of Vietnam (SBV) in Hà Nội on Thursday.
Speaking at the conference, SBV Governor Nguyễn Thị Hồng said that in the Prime Minister's Decision No 749/QĐ-TTg approving the programme on national digital transformation by 2025, the finance - banking sector was identified as one of eight sectors that needed to prioritise digital transformation.
KTFA:
Samson: Vietnam : Banking sector can be pioneer in digital transformation: PM
5th August, 2022
Prime Minister Phạm Minh Chính said the banking sector had all the factors to be pioneering and, in fact, was at the forefront of the digital transformation process.
Digital transformation was an inevitable trend, and an urgent requirement, noted the Prime Minister.
The Prime Minister, who is also Chairman of the National Committee on Digital Transformation, attended and delivered a keynote speech at the Conference on Digital Transformation in the Banking Sector organised by the State Bank of Vietnam (SBV) in Hà Nội on Thursday.
Speaking at the conference, SBV Governor Nguyễn Thị Hồng said that in the Prime Minister's Decision No 749/QĐ-TTg approving the programme on national digital transformation by 2025, the finance - banking sector was identified as one of eight sectors that needed to prioritise digital transformation.
The SBV has established a steering committee for the digital transformation of the banking sector and chose May 11 as the day of digital transformation of the sector.
The plan puts people and customers at the centre, with very specific goals, such as 50 per cent of banking operations to be digitised by 2025, 70 per cent of customer transactions conducted on digital channels, and 50 per cent of retail loans and consumer loans for individual customers are digitised and automated.
The SBV's Payment Department said banking services on digital platforms in Việt Nam were developing, especially e-payment services with digitalisation and rapid growth.
Non-cash payment transactions increased by 77.2 per cent in volume and 29.8 per cent in value in the first six months of this year.
Nearly 70 per cent of Vietnamese adults have bank accounts; 5.5 million accounts and approximately 8.9 million bank cards have been opened electronically; 1.77 million Mobile Money accounts have been opened, of which more than 67 per cent are in rural, remote and isolated areas.
Many leading Vietnamese banks in digital transformation have now achieved 90 per cent of customer transactions on digital channels, far ahead of the target set in the programme on national digital transformation at 70 per cent by 2025.
Besides the positive results, the Prime Minister stated that the process of national digital transformation and bank digital transformation still faced many difficulties and challenges. Mechanisms and policies still had many shortcomings, especially in terms of identification and electronic authentication; inadequate information technology infrastructure, while connection and exploitation of population data, insurance and tax was still narrow in scope, he said.
The participation and coordination of financial technology enterprises was still limited; and high-tech crimes involved increasingly sophisticated forms, added the Prime Minister. Resources, especially highly qualified human resources for digital transformation, were still lacking, including in information technology, he said.
In the future, the situation around the world and in the region would continue to develop unpredictably, with far-reaching impacts on countries, said the Prime Minister.
Noting that it was necessary to identify difficulties and challenges rather than opportunities and advantages, the Prime Minister emphasised a number of requirements such as promoting a change in thinking, methodology and working methods of the banking sector in a modern direction; boosting the development of e-commerce, digital society, and digital economy; promoting integration, connection and sharing of national databases on population and specialised databases to gradually build a digital citizen ecosystem.
The Prime Minister requested the State Bank of Vietnam and the banking sector to make great efforts and more effective actions in digital transformation; carefully assess the situation, results, causes, limitations, inadequacies, and lessons learned from domestic and international experiences; analyse and forecast the upcoming situation, determine short-term, medium-term and long-term goals; and develop an digital transformation programme for the whole sector with appropriate and specific roadmaps, solutions and resources. LINK
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Samson: Stability of Vietnamese đồng under pressure of global headwinds
2nd August, 2022 by Võ Trí Thành
Global central banks are in a dash to raise interest rates to cool rampant inflation and their moves are challenging the State Bank of Việt Nam’s policymaking in a way to support the economic recovery while sustaining macroeconomic sustainability.
Last week, the US Federal Reserve (Fed) raised interest rates by another 75 basic points (bps) – the second straight month and its third this year – in an effort to fight inflation which hit a 40-year high of 9.1 per cent in June. That takes the cumulative June-July increase to 150 bps – the steepest since the early 1980s.
The European Central Bank on July 21 increased its benchmark interest rate by 0.5 per cent for the first time in 11 years and is signaling further hikes this year after consumer prices in the euro area are expected to rise to 8.9 per cent in July.
Data from Reuters showed seven central banks of the Group of Ten delivered 350 basis points of rate hikes last month – nearly half of the total 775 bps administered by policymakers across the group this year to date. Meanwhile, emerging market central banks have raised interest rates by 4,415 bps year-to-date, compared to 2,745 bps for the whole of 2021.
Among major central banks, only China and Japan have maintained loose monetary policy thanks to relatively low inflation and to boost the domestic economies.
The world economy is in a downward spiral with the risk of major economies falling into recession rising. The International Monetary Fund (IMF) last week again downgraded its forecast for global growth this year, from 3.6 per cent in the April report to only 3.2 per cent this year. In April, it cut its growth expectations for 2022 to 3.6 per cent from 4.4 per cent.
Facing rising risks of supply disruption, debt crisis, high food prices and worse-than-expected high inflation, global policymakers are rushing to tighten monetary policies but seeking a balance between curbing inflation and maintaining growth is a very difficult task.
In Việt Nam, the picture is very different. Việt Nam’s economy recovered spectacularly in the second quarter with a growth rate of 7.7 per cent – the fastest expansion in 11 years, lifting the six-month growth to 6.42 per cent. Inflation was kept at a relatively low level at 2.54 per cent in the first seven months.
Some international institutions have forecast Việt Nam’s economy will achieve and even surpass its growth target this year.
In its latest report last week, Standard Chartered Bank expects Việt Nam’s GDP growth at 10.8 per cent for the third quarter and 3.9 per cent for the last quarter, taking full-year growth to 6.7 per cent. Meanwhile, the Singapore-based United Overseas Bank (UOB) revised Việt Nam’s growth up to 7 per cent from 6.5 per cent.
However, pressure is building. Despite relatively low inflation in the first half, inflation is expected to rise towards the end of this year, though still within the target range but likely reaching 4 per cent or slightly higher. This rate will be much lower compared to many countries but will pressure the foreign exchange rate.
Never before has the world witnessed major foreign currencies weakening sharply against the US dollar (USD) like this year. The Japanese yen has lost about 20 per cent of its value against USD, followed by the euro, down 12 per cent. Other currencies such as GBP (British Pound), THB (Thai Baht) and Won (South Korea) also fell by more than 10 per cent.
In Việt Nam, the Vietnamese đồng (VND) has lost about 2.5 per cent against the USD by the end of July and is seen as relatively stable amid global currency volatility. However, exchange rate management is facing challenging choices.
Relative stability or higher depreciation?
According to the principle of relative purchasing power parity, a country with high inflation is expected to depreciate its currency relative to other currencies as inflation will reduce the real purchasing power of that country’s currency.
In Việt Nam, pressure on currency depreciation is not derived from inflation (as inflation is still relatively low in Việt Nam) but from unstable external factors. Although US inflation was high, it was accompanied by the Fed's hawkish action to increase interest rates by a large margin, causing the USD to appreciate strongly against other currencies.
If Việt Nam devalues its currency too quickly, it will benefit exports but harm imports and put more pressure on inflation, challenging the Government’s efforts to keep inflation under the target. On the contrary, if the exchange rate is restricted too much, it will also affect Việt Nam's trade, making our exports less competitive in the context that the currencies of our trading partners and competitors have weakened sharply against the USD since the beginning of the year.
However, looking at the recent actions of the policymakers, keeping the exchange rate relatively stable is taking priority. At a meeting with the Government last week after the Fed’s meeting, Prime Minister Phạm Minh Chính reaffirmed curbing inflation, ensuring macroeconomic stability and safeguarding major balances would still be Việt Nam’s top priorities.
The State Bank of Việt Nam (SBV) therefore is focusing on maintaining flexible policy and proactively managing the exchange rate in line with the market developments to both fight inflation and ensure the policy is supporting economic growth.
As world commodity prices have continuously escalated, Việt Nam is one of the economies with large openness and is heavily dependent on imported raw materials and fuels. That’s why keeping the exchange rate reasonably stable to curb input prices for businesses is important. However, the Fed’s rate hike is still expected to have adverse impacts on emerging markets when foreign capital may be withdrawn from these markets to fly back to the US. So far, this situation is relatively stable in Việt Nam thanks to flexible interventions of the market regulator.
Since the beginning of this year, SBV has pumped US$12-13 billion into the market to help stabilise the exchange rate. The central bank has shifted to selling USD in the spot market instead of forward contracts to cool the pressure. Especially over the past month, it has continuously attracted đồng through the issuance of bills of exchange, narrowing the difference between the USD and đồng interest rates through Open Market Operations (OMO), thereby helping increase the value of the đồng.
In addition, trade surplus, FDI, remittances, expected balance of payments surplus and a somewhat strong foreign exchange reserve of about $110 billion are positive factors likely contributing to the relatively stable value of Vietnamese đồng.
Given rather low inflation and stable macroeconomic condition, the SBV is believed to have enough capacity to keep interest rate and foreign exchange policies steady for now to fight inflation and support economic recovery. However, building pressure will likely drive the SBV to increase interest rates in late-Q3 or Q4, though the rate hikes will be limited around 0.25-0.5 per cent and VND may depreciate by about 3 per cent or a little bit higher this year. LINK
MilitiaMan Tivon and KTFA Members "Days Away" 8-5-2022
.KTFA:
Clare: The Coordination Framework announces its support for holding early elections under conditions
2022-08-04
The coordination framework, which brings together the Shiite forces participating in the political process, affirmed, on Thursday evening, its support for any constitutional path to address political crises and achieve the interests of the people, including holding early elections, according to conditions.
The framework stipulated, in a statement received by Shafak News Agency, "achieving national consensus on early elections, and providing a safe environment for their holding."
He stressed the need to "work to respect the constitutional institutions, and not to disrupt their work, and to keep the ceiling of political forces, the law, the constitution and the interest of the people."
KTFA:
Clare: The Coordination Framework announces its support for holding early elections under conditions
2022-08-04
The coordination framework, which brings together the Shiite forces participating in the political process, affirmed, on Thursday evening, its support for any constitutional path to address political crises and achieve the interests of the people, including holding early elections, according to conditions.
The framework stipulated, in a statement received by Shafak News Agency, "achieving national consensus on early elections, and providing a safe environment for their holding."
He stressed the need to "work to respect the constitutional institutions, and not to disrupt their work, and to keep the ceiling of political forces, the law, the constitution and the interest of the people."
The position of the coordination framework comes a day after the leader of the Sadrist movement, Muqtada al-Sadr, called for dissolving the current parliament and holding early elections, which he said he had not yet decided whether to run or not.
Soon, several political forces, including those affiliated with the coordination framework, announced their support and welcome to Al-Sadr's call for early elections.
In a statement yesterday, Al-Amiri stressed the need for a comprehensive national dialogue in order to set a date, mechanisms and requirements for holding new early elections, including providing appropriate climates to restore citizens' confidence in the political process.
The political scene is living in a crisis situation and a dead end unprecedented in the history of Iraq, as more than 300 days have passed since the early elections without being able to form a new government in the country, and the survival of the caretaker government headed by Mustafa Al-Kazemi.
On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating reality The service and the livelihood, which prompted the former prime minister, Adel Abdul-Mahdi, to resign under popular pressure.
As soon as the preliminary results of the elections were announced, the voices of forces and political actors rose in their rejection of losing many seats, accusing them of major fraud in the ballot, which was denied by the executive and judicial authorities, at a time when the United Nations and international organizations praised the integrity of the electoral process. LINK
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MilitiaMan: Conditions? I'll bet the impasse has Al - Amiri looking to get a deal from Sadr. I'll meet these items if I can get immunity or safe passage? lol.
Sadr wants the old faces of corruption out of government. If Sadr is successful in getting them weeded out he may run in the early elections, as noted below the last election can be corrected. First things first though.
Dissolution is gaining considerable popularity and there is strong demand for to get the corrupt accounted for.
Sadr knows that the US and others know where the money is. The Citizens know that to be true now. They told us years ago they were working to this end.
And that end looks to be within days now.
They are even cleaning up not only has been done in the Dome, but now in the square. Imo ~ MM
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LINK
US report: Intelligence is following up on Iraqi daily movements and bank accounts
A US report published by the Washington Institute for Near East Policy confirmed that although the US high command is likely to focus on competition between great powers and domestic issues, its institutions are familiar with the daily movements inside Iraq, including bank accounts.
The report, written by Michael Knights, a "Bernstein Fellow" at The Washington Institute and one of the founders of the institute's Militia Spotlight platform, followed by Nass (August 5, 2022), stated that the US intelligence community and diplomatic corps, as well as America's allies and partners, "know a lot about daily movements, conversations, and calculations." banking for key Iraqi leaders
The report claimed, "there is a plan for the coordination framework led by al-Maliki and the support of the commander of the Iranian Quds Force, Ismail Qaani, to overthrow the majority government through the use of judicial tools in accordance with an endowment concluded at the beginning of this year, offset by al-Sadr's resorting to the street and the invasion of institutions, including the parliament building
The report also suggested that US leaders think urgently and unconventionally about policies, which sends a signal to Muqtada al-Sadr that the current impasse can be resolved in more than one way and that the "stolen elections" error can be "corrected
Link to full report - REPORT LINK
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A demonstration launched in Al-Nusour Square in Baghdad
5th August, 2022
This Friday afternoon, a demonstration started in Al-Nusour Square in the center of the capital, Baghdad
Our correspondent stated that the demands of the demonstrators stressed the call for writing a new constitution for the country, changing the form of the political system to a presidential or semi-presidential system, recovering Iraq's looted funds and holding the corrupt and those involved in the shedding of Iraqi blood accountable
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Tishreen supporters demonstrate in Nisour Square, and "overthrow the regime" is their most prominent demand- imo (Not Kahdimi...)
5th August, 2022
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LINK
Close To Al-Sadr, Addressing The Current: Only Days Will You Meet Your Demands
5th August, 2022
The leader of Saraya al-Salam, Abu Duaa al-Issawi, confirmed today, Friday, to the Sadrist movement's demonstrators, that days separate them from achieving their demands.
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LINK
The Celebration Square hosts a unified prayer for the Sadrists
5th August, 2022
A unified prayer was held in the Great Celebrations Square in the Green Zone in the center of the capital, Baghdad, on Friday, which gathered thousands of supporters of the Sadrist movement, in response to an invitation from Muqtada al-Sadr.
Zeeman: before anything you must get rid of malaki and the irians once and for all or nothing will really change but hopium no matter what anyone prints. Imo
Tivon: What specifically is Maliki holding up? Don't tell me the citizens demands or entitlements. That's already covered from what was revealed today. We need first dibs on that info if you can provide that. Because anything other then what we are waiting for is none of our concern.
The citizens got that handled with the full support of Al-Sadr and Al-Kazemi. Published official information is not hopium. That's from your gurus over the past ten years and more who sold their followers an illusion of what the RI/RV entailed. Which had nothing to do with bank screens, redemption centers, Tier 1-4, etc.
Because all that was private information that created no real indication that the public was next. There is no hopium when it's coming from the source who is responsible for what is needed to reinstate their currency.
Which is something the local banks in Iraq were clued in on and given a deadline to connect to the digital platform that will handle all trades, stocks, bonds, shares, investments, and daily transactions.
That is not hopium. That's a deadline. What happens after or maybe even prior I am sure has been worked out between the IMF, AMF, and the CBI. Or you sure nothing has changed? I highly doubt that. You just don't read. You do know reforms come with these demands right?
The leader of Saraya al-Salam, Abu Duaa al-Issawi, confirmed today, Friday, to the Sadrist movement's demonstrators, that days separate them from achieving their demands.
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MilitiaMan: Sadr said we are not leaving the square until we get our demands met. Well they cleaned up the square today.. They apparently got what they needed.. Days away could mean many things to some. But, when crowds to the like of what we witnessed chanting take down the regime, is not on deaf ears.. That is serious. So, from the looks of it they left the square and cleaned up on the way out.. Very bullish sign that the needs of the citizens and Sadr were met and now we watch for the implementation of those needs.. imo ~ MM
Iraqi News Friday Afternoon 8-5-22
.Iraqi News Friday Afternoon 8-5-22
Tlm724 Administrator Bondlady’s Corner
Oil Confirms That It Is Proceeding With Plans To Maintain And Increase Production And Export For The Next Five Years
Economie| 09:57 - 04/08/2022 Baghdad - Mawazine News Today, Thursday, the Ministry of Oil confirmed that it is proceeding with plans to maintain and increase production and export for the next five years, while noting that Iraq has production capabilities that qualify it to be one of the most important producers.
The Executive Director of the National Oil Company, Hamid Younis, said while presiding over a meeting of officials of extractive companies, according to a statement issued by the ministry received by Mawazine News, that "the Ministry of Oil and the National Oil Company are proceeding with implementing a program of plans to sustain and increase production prepared for this purpose, in cooperation with international contracting companies."
Iraqi News Friday Afternoon 8-5-22
Tlm724 Administrator Bondlady’s Corner
Oil Confirms That It Is Proceeding With Plans To Maintain And Increase Production And Export For The Next Five Years
Economie| 09:57 - 04/08/2022 Baghdad - Mawazine News Today, Thursday, the Ministry of Oil confirmed that it is proceeding with plans to maintain and increase production and export for the next five years, while noting that Iraq has production capabilities that qualify it to be one of the most important producers.
The Executive Director of the National Oil Company, Hamid Younis, said while presiding over a meeting of officials of extractive companies, according to a statement issued by the ministry received by Mawazine News, that "the Ministry of Oil and the National Oil Company are proceeding with implementing a program of plans to sustain and increase production prepared for this purpose, in cooperation with international contracting companies."
Younis added that "Iraq has promising production capabilities that qualify it to be one of the most important producers during the next few years, noting that" the conditions that Iraq witnessed in 2014, the global economic crisis and the drop in oil prices have disrupted plans to increase national production.
He pointed to "the importance of financial support and funding to reach the planned goals according to accurate calculations, and production rates of 5-8 million barrels per day can be reached over the coming years, taking into account the changes and requirements and needs of the global oil markets."
He pointed out that "the plans to implement projects include intensifying drilling and exploration operations, developing infrastructure, establishing pumping and processing stations, pipeline networks, gas investment, developing platforms for export outlets, and others."
For his part, the Director General of the Oil Exploration Company, Ali Jassim, said that "the next phase will witness a remarkable activity for the exploration sector, as these plans rely a lot on sustaining and increasing production of oil and gas." Seismic teams, especially in the Western Desert and Nineveh Governorate, to transform the energies and expectations that lie underground into actual production that contributes to achieving our promising plans.” https://www.mawazin.net/Details.aspx?jimare=201537
Kurdistan Trade Indicates A Decrease In Commodity Prices In The Markets After A Decision
Posted On2022-08-05 By Sotaliraq On Thursday, the Ministry of Commerce of the Kurdistan Regional Government confirmed that the decision to raise customs duties on a number of goods helped significantly reduce the prices of food commodities in the markets.
"The regional government's plan has succeeded greatly in trying to control the price hike, which was a global crisis due to the Russian-Ukrainian war," the agency's Minister of Trade, Questan Muhammed, said.
Muhammad added, "The regional government also decided to extend this decision until the middle of the ninth month, which will be in the interest of the citizens."
In mid-July, the Kurdistan Regional Government extended the decision to raise customs duties on basic foodstuffs until the thirtieth of next September.
The decision includes foodstuffs and basic needs such as (flour, rice, sunflower oil, corn oil, solid vegetable fat, solid animal fat, black tea, sugar, legumes (chickpeas, lentils, beans, legumes, cowpeas, and mung, and infant formula). . LINK
With A Difference Of 100 Dinars.. Learn About The Exchange Rates Of The Dollar On The Iraqi Stock Exchange
Economie| 11:16 - 04/08/2022 Baghdad - Mawazine News, the dollar exchange rates rose, today, Thursday, on the Iraqi Stock Exchange. Selling price: 148,700 dinars per $100, buying price: 148,600 dinars per $100. https://www.mawazin.net/Details.aspx?jimare=201470
The Dollar Stabilizes In The Iraqi Market
Economie| 10:38 - 05/08/2022 Baghdad - Mawazine News The dollar exchange rates witnessed stability today, Friday, on the Iraqi Stock Exchange. And the selling prices of the dollar were recorded at 148,700 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 148,600 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=201557
Oil Price Hike
Economie| 01:22 - 05/08/2022 Follow-up - Mawazine News: Oil prices returned, during Friday's trading, to a rise, after a two-day decline due to US data that showed a sudden rise in crude stocks.
By 09:24 Moscow time, futures contracts for the month of September, Brent crude, rose 0.53% to $94.62 a barrel. Crude is trading below $95 a barrel for the first time since July 14, 2022.
While US West Texas Intermediate crude futures rose 0.75% to $89.19 a barrel, according to trading data, and US crude was trading below $90 a barrel for the first time. Once since February 21, 2022. Ended 29/AD https://www.mawazin.net/Details.aspx?jimare=201570
Iraq Towards Developing The Sources Of The Economy And Activating The Agricultural Sector
Money and business Economy News – Baghdad On Thursday, the Ministry of Planning revealed a move to prepare a five-year development plan for the development of the Iraqi economy, while indicating that there is a trend towards developing the country's economic resources according to three determinants.
Ministry spokesman Abdul-Zahra Al-Hindawi said that "the ministry is preparing to prepare new five-year development plans for the next five years," noting that "this plan will take into account all challenges and changes and what is related to the economy, energy and food."
Al-Hindawi added, "The trend now is towards developing the sources of the economy and activating the agricultural sector according to modern methods in agriculture and rationing water use with regard to agriculture in particular, to ensure the sustainability of water sources in a way that secures the country's need for human and agricultural consumption," stressing that "we are moving towards achieving food security and sufficiency." self from Iraqi agriculture.
He explained, "The Corona pandemic affected the country's economy negatively, and caused a state of economic downturn in Iraq and the world, which disrupted the state of economic growth planned within the development plans."
He stressed, "The failure to achieve growth will pave the way for a state of decline in the rates of economic reality, which will directly affect the livelihood of the individual, in addition to the fact that the decline in oil prices during the past two years 2020 and 2021 greatly affected Iraq, whose economy depends mainly on oil, which was negatively reflected." on projects, and the impact on job opportunities and others, all of which are factors that affected the living life of the Iraqi individual.”
He stated, "The Iraqi economy is part of the global economic system, and is affected by conditions, including the rise in food prices in the global market, as well as energy prices, in addition to water scarcity, which is a global crisis."
In a statement to the official news agency, Al-Hindawi pointed out that "many countries in the world witnessed an increase in annual inflation rates, such as America, European countries, Turkey, Iran, the Gulf states and some African countries." 518 . views Added 08/04/2022 - 8:38 PM Update 08/05/2022 - 5:27 PM https://economy-news.net/content.php?id=29168
Al-Halbousi Supports Al-Sadr's Call For Early Elections
Political | 01:50 - 05/08/2022 Baghdad - Mawazine News, Parliament Speaker Muhammad al-Halbousi announced today, Friday, his support for the call of the leader of the Sadrist movement, Muqtada al-Sadr, to hold early elections.
Al-Halbousi said in a tweet to him, which was followed by "Mawazine News", that "the House of Representatives is the representative of the people, and those masses that mobilized are part of his entity and his conscience, and whose will cannot be neglected in the early elections that Mr. Muqtada al-Sadr called."
He added: "We support proceeding with parliamentary and local elections within an agreed period of time to re-start the democratic process under the roof of the constitution and understanding in line with the country's supreme national interest." https://www.mawazin.net/Details.aspx?jimare=201571
Blackshart: Our Meeting With Mr. Al-Sadr Was Good
Political 11:53 - 05/08/2022 Baghdad - Mawazine News, Head of the United Nations Mission in Iraq, Jenin Plaschaert, confirmed today, Friday, that her meeting with the leader of the Sadrist movement, Muqtada al-Sadr, was good.
Plasschaert said in a press conference after her meeting with Mr. Al-Sadr in Al-Hanana that she "discussed with Mr. Al-Sadr the importance of finding a solution to the political crisis."
Today, Friday, Blackshart arrived at the office of the leader of the Sadrist movement, Muqtada al-Sadr in Najaf. Ended 29 / AD 99 https://www.mawazin.net/Details.aspx?jimare=201565
To read more current and reliable Iraqi news please visit BondLady’s Corner:
Friday AM Iraq Parliament News Highlights 8-5-22
.Friday AM Iraq Parliament News Highlights 8-5-22
Will Parliament Be Dissolved And Early Elections Held In Response To Al-Sadr's Call?
Sumerian special 2022-08-05 | 04:07 Source: Sumerian 765 views By calling for early elections, al-Sadr believes that he will achieve a great balance, that is, more seats than before, and this is what his political opponents fear in the next stage.
A New Comment By Al-Maliki Regarding The Early Elections
Policy 2022-08-04 | 16:38 Source: Alsumaria news 14,739 views The head of the State of Law coalition, Nuri al-Maliki, considered, on Thursday, that holding any early elections must take place in accordance with the constitution and national consensus.
Friday AM Iraq Parliament News Highlights 8-5-22
Will Parliament Be Dissolved And Early Elections Held In Response To Al-Sadr's Call?
Sumerian special 2022-08-05 | 04:07 Source: Sumerian 765 views By calling for early elections, al-Sadr believes that he will achieve a great balance, that is, more seats than before, and this is what his political opponents fear in the next stage. LINK
A New Comment By Al-Maliki Regarding The Early Elections
Policy 2022-08-04 | 16:38 Source: Alsumaria news 14,739 views The head of the State of Law coalition, Nuri al-Maliki, considered, on Thursday, that holding any early elections must take place in accordance with the constitution and national consensus.
Al-Maliki said in a statement, "We reiterate that adherence to the constitutional and legal mechanisms is the only option that spares Iraq the successive crises that inflicted severe damage on the higher interests of the Iraqi people and exposed civil peace to serious dangers."
He added, "Having any early elections must take place in accordance with the constitution and national consensus, in a way that enhances national unity and prevents a repetition of what happened in the previous elections, which witnessed an unprecedented process of manipulation, and we are still suffering from its negative repercussions and effects that caused a serious crack in the social fabric."
On Saturday (July 30, 2022), demonstrators stormed the Green Zone and then the House of Representatives for the second time within days. Martyr al-Sadr's office in Baghdad Ibrahim Al Jabri, for an open sit-in inside Parliament; Refusal to nominate Muhammed Shiaa Al-Sudani for the position of prime minister.
Then, the leader of the Sadrist movement, Muqtada al-Sadr, called for a radical change to the political system and the constitution, and then called, days later, for early elections after the parliament was dissolved, calling for the sit-in to continue until the demands were achieved. LINK
Faleh Al-Fayyad: Re-Election Is Not Within The Authority Of The Current Government
Iraq 14:48 - 08-04-2022 Today, Thursday, the head of the Ataa movement, Faleh al-Fayyad, confirmed that the rerun of the parliamentary elections is no longer an issue for the Sadrist movement, pointing out that the rerun of the elections is not within the authority of the caretaker government.
Al-Fayyad said, in a televised interview, that "the current government is a caretaker government, and the re-election is not a prerogative of the caretaker government," noting that "the demands to dissolve parliament are a big issue that cannot be accepted when it is raised by one party."
He added, "The re-run of the parliamentary elections is no longer an issue for the Sadrist movement, and its re-run has become a concern for other components and alliances as well."
Al-Fayyad added, "The coordination framework has not yet taken its official position on the issue of holding early parliamentary elections," noting that "the presence of masses under the dome of Parliament is not a normal thing, and we are dealing with it as a temporary situation that can be bypassed."
And he indicated, "The proposals of the leader of the Sadrist movement to resolve the crisis can be discussed to reach common positions on it, and that dissolving parliament and holding early elections will be a solution in the event that all blocs and other political parties agree."
He stressed, "The current government is a caretaker government, and the re-election is not within the powers of the caretaker government."
Al-Fayyadh pointed out that "the demands for dissolving Parliament are a big issue that cannot be accepted when it is raised by one party, and that the system of government in Iraq, according to the constitution, is consensual, and one position cannot be accepted for a specific party." https://kirkuktv.net/AR/Details/8010
In Front Of Al-Sadr's Call For New Elections: Where Is The Crisis In Iraq Heading?..Expert Opinions
Posted On2022-08-05 By Sotaliraq Baghdad - (AFP) - The influential Shiite leader Muqtada al-Sadr continues to put pressure on his political opponents, reaching the point of calling for early elections, to further complicate the already tense political scene in Iraq.
Does this mean that the country is really heading towards new elections? Or is a way out of the crisis to be negotiated between the conflicting parties, as usual, is still possible?
Why is Muqtada al-Sadr demanding new elections? –
The last elections took place in October 2021, and were early elections organized with the aim of quelling the popular anti-political protests that rocked Iraq in the fall of 2019.
The Sadrist movement won 73 seats, becoming the largest bloc represented in the parliament, which includes 329 deputies. Al-Sadr, along with his Sunni and Kurdish allies, wanted to name the prime minister and form a “national majority” government.
However, this was rejected by his opponents within the coordination framework that includes pro-Iranian factions. The requirement of the coordination framework was to preserve the traditional consensual solution between all parties of the “Shiite House” in the formation of the government.
To put pressure on his opponents, Sadr, accustomed to taking sudden steps, pushed his deputies to resign from parliament last June.
Currently, thousands of his supporters have camped since Saturday in Parliament to protest the name of the Coordination Framework candidate for prime minister. Thus, he proved that he is still able to move the street card to push for the realization of his political demands.
And assistant professor at the University of Copenhagen, Fener al-Haddad, who specializes in Iraq, explains that al-Sadr "expects to be a major partner in any new government, otherwise he will continue to prevent the formation of a government."
Likewise, “Parliament will not be allowed to meet without its deputies,” according to Al-Haddad.
The Iraqi constitution allows the parliament to dissolve itself. In Article 64 of it, it states that the parliament’s dissolution takes place “by an absolute majority of the number of its members, at the request of one-third of its members.”
As for the other option, it is at the request of “the Prime Minister and with the approval of the President of the Republic.” Al-Haddad explains that “it is not clear whether the second option is even possible, because the current government is a caretaker government.”
By calling for early elections, al-Sadr believes that he will "achieve a great balance, that is, more seats than before," as Ihsan al-Shammari, a professor of political science at Baghdad University, explains to AFP.
Differences within the coordination framework? –
Since the beginning of the crisis, the parties to the coordination framework, which includes in particular the Al-Fateh bloc, which represents the Popular Mobilization Forces, an alliance of pro-Iranian factions that have become affiliated with the official forces, have been divided over the strategy they should follow towards al-Sadr.
The most hardline wing is represented by former Prime Minister and historical opponent of Sadr Nouri al-Maliki, and the leader of Asa'ib Ahl al-Haq, one of the Popular Mobilization factions, Qais Khazali. And push them towards confrontation.
As for the other camp, it is pushing for an “alternative approach: slowing down the process of forming a government and trying to achieve rapprochement within the Shiite house by offering incentives to Sadr,” as stated in an analysis published by The Washington Institute by Hamdi Malik and Michael Knights.
For his part, Ihsan Al-Shammari believes that Khazali and Al-Maliki will be "a brake on the framework's move towards early elections."
He adds that the coordinating framework may oppose holding new elections, “but this resistance is for the purpose of gaining guarantees… such as a change at the level of the electoral law, at the level of the Federal Court, at the level of the Independent High Electoral Commission, or even at the level of the form of government.”
For his part, analyst Fanar Al-Haddad reminds that "Iraqi politics often reaches a point of no return before the concerned parties decide to resolve their differences behind closed doors."
Al-Haddad does not rule out an agreement between the two camps, considering that the assignment of a “consensual prime minister remains the most feasible scenario.
Another important obstacle may stand in the way of dissolving parliament, which is that “half of the parliament’s representatives are new members of parliament who are entering the political arena for the first time and want to exercise the political experience and enjoy the benefits of power and obtain privileges such as taking a social status,” explains political analyst Ali Al-Baydar.
More escalation? –
Ali Al-Baydar believes that the ball is now in the court of Al-Sadr's opponents.
He adds that if they resort to the early elections step, this will be evidence of their desire for dialogue, discussion and negotiation.
The analyst considers that the parliament sit-in was only “a test, or a wake-up call for the political system unless it adheres to what al-Sadr wants and seeks.”
In a country that is still experiencing the effects of the traumas of decades of conflicts and a bloody sectarian war, there are strong fears of an open internal Shiite war.
Meanwhile, everyone is calling for restraint to prevent bloodshed, even though all the leading political parties are armed.
However, the room for maneuver of al-Sadr's opponents is limited: Iran, their powerful ally, opposes escalation, experts say.
Ihsan Al-Shammari believes that Tehran "prevents the coordination framework, specifically the armed factions, from going towards raising the ceiling of confrontation towards confrontation."
Iran considers that it is still possible to find “political solutions,” according to Al-Shammari, “but if fighting breaks out, it is difficult to control the weapons owned by both sides.” LINK
Plasschaert Arrives In Najaf To Meet Al-Sadr
Policy 2022-08-05 | 02:31 4,898 views Alsumaria News - Najaf An informed source said today, Friday, the arrival of the United Nations representative in Iraq, Jenin Plasschaert, to Najaf Governorate.
The source told Alsumaria News, "Blaschart has arrivedNajafYou will soon visit the leader of the Sadrist movement, Muqtadathe chest He added, "The reason for the visit comes to discuss the political situation and the current crisis in the country. "Iraq". LINK
Blackshart Reaches Al-Hanana To Meet The Leader Of The Sadrist Movement
Iraq 11:17 - 2022-08-05 Today, Friday, the head of the United Nations mission in Iraq, Jeanine Plasschaert, arrived at the office of the leader of the Sadrist movement, Muqtada al-Sadr, in Najaf.
And the official agency stated, "Blaschart arrived at the office of Mr. Al-Sadr in Al-Hanana in Najaf."
The Governor of Najaf, Majid Al-Waeli, had received Plasschaert at Najaf International Airport.
https://kirkuktv.net/AR/Details/8029
Al-Amiri Discusses With Blackshart The Latest Developments In The Political Situation And The File Of The Turkish Bombing
Iraq 21:53 - 08-04-2022 The head of the Al-Fateh Alliance Hadi Al-Amiri received today, Thursday, the UN envoy, Jeanine Plasschaert.
The media office of the head of the Al-Fateh Alliance stated that the two parties discussed the latest developments in the political situation and ways to address the blockage and the need to continue dialogues and understandings to reach realistic and acceptable results that depend on constitutional frameworks.
The statement added, "The file of the Turkish bombing and the abuses that occur by the Turks on the Iraqi borders were also discussed."
According to the statement, Plasschaert stressed "the necessity of stabilizing the political situation in Iraq and reaching common solutions that satisfy all parties." https://kirkuktv.net/AR/Details/8017
Blackshart: Our Meeting With The Leader Of The Sadrist Movement Was Good
Iraq 12:10 - 2022-08-05 The head of the United Nations mission in Iraq, Jeanine Plaschaert, confirmed today, Friday, that her meeting with the leader of the Sadrist movement, Muqtada al-Sadr, was good.
Plasschaert said in a press conference after her meeting with Mr. Al-Sadr in Al-Hanana, that she "discussed with the leader of the Sadrist movement the importance of finding a solution to the political crisis."
And Blackshart arrived, earlier today, Friday, to the office of the leader of the Sadrist movement, Muqtada al-Sadr, in Najaf. https://kirkuktv.net/AR/Details/8031
"Tidbits From TNT" Friday Morning 8-5-2022
.TNT:
Tishwash: The discovery of a gold and silver mine in western Turkey worth about 100 billion dollars
Turkish Minister of Industry and Technology, Mustafa Warnik, announced the discovery of a gold and silver mine in the state of Çanakkale, western Turkey, with an estimated value of gold and silver in it between 80 and 100 billion US dollars.
Warnek said in a statement today: A gold and silver mine was discovered in the state of Çanakkale, the value of gold and silver in it is estimated between 80 and 100 billion US dollars, and the extraction of these minerals must begin because of their great importance in the Turkish economy, noting that “the current production of gold reached 42 tons annually.
TNT:
Tishwash: The discovery of a gold and silver mine in western Turkey worth about 100 billion dollars
Turkish Minister of Industry and Technology, Mustafa Warnik, announced the discovery of a gold and silver mine in the state of Çanakkale, western Turkey, with an estimated value of gold and silver in it between 80 and 100 billion US dollars.
Warnek said in a statement today: A gold and silver mine was discovered in the state of Çanakkale, the value of gold and silver in it is estimated between 80 and 100 billion US dollars, and the extraction of these minerals must begin because of their great importance in the Turkish economy, noting that “the current production of gold reached 42 tons annually.
Warnek had announced in June of last year the discovery of a gold mine in the state of Ağrı in eastern Turkey, with a quantity of 20 tons and a value of 1.2 billion dollars, in addition to 3.5 tons of silver worth 2.8 million dollars.
It is noteworthy that the mining activity in the gold sector began in Turkey for the first time in 2001, in the “Yergama” mine in the state of Izmir, western Turkey, during which 340 tons have been extracted since that time.
Gold production, according to specialists in this field, requires long-term research and long-term investment, and Turkey aims to raise its gold production to 100 tons annually in the coming years link
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Candykisses: An economist explains why the Central Bank of Iraq wanted to buy gold
The economic expert, Duraid Al-Anzi, explained, today, Thursday, the reason for the Central Bank of Iraq's desire to buy gold.
Al-Enezi said (to Euphrates News) that: "The global economic situation is fluctuating, as dollar prices are falling and reflected in the decline in gold prices, as well as the euro has declined historically, and oil prices today have clearly fallen."
He added, "Gold is not infallible from the decline in its prices, and it is not excluded from its impact on the global market," justifying the reason for the Iraqi Central Bank's purchase of gold quantities "to be the first in the world to buy gold as a result of the economic vacuum in the country."
Al-Enezi pointed out, "The lack of exchange outlets is caused by the lack of political and economic stability and the lack of administrative authority of the government." And the Central Bank of Iraq announced that Iraq advanced ten ranks in the list of countries with the most gold reserves, bringing its total possessions to (130.39) tons, ranking thirty in the world and fourth in the Arab world.
The price of gold globally is affected by the extent of raising and decreasing the value of the dollar, as it is in an inverse relationship between gold and the basket of global currencies such as: the dollar, the euro, the Japanese yen, the British pound, the Chinese yuan, and other currencies.
The value of currencies fell, the price of gold rose, while the local market in the Kingdom is directly affected by the global market.
************
Tishwash: The arrest of the spokesman of the New Generation Movement and a number of other party leaders
A security source said that Hamdad Shaheen, a spokesman for the New Generation Movement, and a number of other party leaders in Erbil and Sulaymaniyah, had been arrested.
The source stated to "Mawazine News", that "Himdad Shaheen, spokesman for the New Generation Movement, and a number of other party leaders were arrested in Erbil and Sulaymaniyah."
He added, "The reason for the arrest came against the background of their preparations to organize demonstrations in the region to storm Parliament." link
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Tishwash: The Sadrist Movement demands that Al-Kazemi dissolve the Iraqi parliament
The leader of the Sadrist movement, Jaafar al-Moussawi, called on the Iraqi Prime Minister, Mustafa al-Kazemi, yesterday, to dissolve parliament in a practical application of the call of the movement's leader, Muqtada al-Sadr, to hold early elections, hoping to end the worsening political crisis in the country.
Al-Moussawi called Al-Kazemi to submit a request to the President of the Iraqi Republic, according to the Iraqi constitution, to dissolve the current parliament, and to call for early elections within a maximum period of 60 days from the date of dissolving the parliament.
Parliament may be dissolved with the approval of an absolute majority at the request of one-third of the members, or the prime minister, and with the approval of the President of the Republic, in accordance with the constitution. But some of them questioned Al-Kazemi's eligibility to demand the dissolution of Parliament, given that his government became a business administration after the October elections.
In the meantime, it is expected that the grand celebration square in the center of the Iraqi capital, Baghdad, will witness a “million” Friday prayer for the protesters and those who join them from the rest of the provinces, called by the leader of the Sadrist movement Muqtada al-Sadr, at a time when calls are rising to sit at the dialogue table between the political forces in order to Negotiating the formation of the government and ending the sit-ins that began last Saturday inside the Green Zone.
Al-Sadr called in a speech, yesterday, to dissolve parliament and hold new elections, in which he did not confirm or deny participation.
Against the background of the speech, Hadi al-Amiri, head of the "Al-Fateh" coalition, who is part of the "coordinating framework", announced his support for holding the early elections called for by al-Sadr. Al-Amiri said in a statement: "We support holding the early elections called for by Muqtada al-Sadr, especially since the previous elections were marred by many suspicions and objections."
For his part, the researcher and analyst in Iraqi political affairs, Al-Qasim Al-Abadi, said in a statement to Al-Ittihad that “Al-Sadr is in front of an equation to prove that thousands of protesters have achieved the goals faster than 74 deputies in Parliament, and even faster than the tripartite alliance that has the majority in Parliament.” Independent MP Basem Khashan described the task of amending the constitution as "almost impossible", while stressing that there is a great opportunity for the return of mass protests such as the "October demonstrations" that began in October 2019, after which the government of Adel Abdul-Mahdi resigned. link
Mot: . Careful out there Guys in that ole ""Relationship"" Thingy! ~~
Mot: ...... LOL - OOOOOOPS!! ~~~~~
Friday AM Iraq Economic News Highlights 8-5-22
.Friday AM Iraq Economic News Highlights 8-5-22
Oil Confirms That It Is Proceeding With Plans To Maintain And Increase Production And Export For The Next Five Years
Economie| 09:57 - 04/08/2022 Baghdad - Mawazine News Today, Thursday, the Ministry of Oil confirmed that it is proceeding with plans to maintain and increase production and export for the next five years, while noting that Iraq has production capabilities that qualify it to be one of the most important producers.
The Executive Director of the National Oil Company, Hamid Younis, said while presiding over a meeting of officials of extractive companies, according to a statement issued by the ministry received by Mawazine News, that "the Ministry of Oil and the National Oil Company are proceeding with the implementation of a program of plans to sustain and increase production prepared for this purpose, in cooperation with international contracting companies."
Friday AM Iraq Economic News Highlights 8-5-22
Oil Confirms That It Is Proceeding With Plans To Maintain And Increase Production And Export For The Next Five Years
Economie| 09:57 - 04/08/2022 Baghdad - Mawazine News Today, Thursday, the Ministry of Oil confirmed that it is proceeding with plans to maintain and increase production and export for the next five years, while noting that Iraq has production capabilities that qualify it to be one of the most important producers.
The Executive Director of the National Oil Company, Hamid Younis, said while presiding over a meeting of officials of extractive companies, according to a statement issued by the ministry received by Mawazine News, that "the Ministry of Oil and the National Oil Company are proceeding with the implementation of a program of plans to sustain and increase production prepared for this purpose, in cooperation with international contracting companies."
Younis added that "Iraq has promising production capabilities that qualify it to be one of the most important producers during the next few years, noting that" the conditions that Iraq witnessed in 2014, the global economic crisis and the drop in oil prices have disrupted plans to increase national production.
He pointed to "the importance of financial support and funding to reach the planned goals according to accurate calculations, and production rates of 5-8 million barrels per day can be reached over the coming years, taking into account the variables and the requirements and needs of the global oil markets."
He pointed out that "the plans to implement projects include intensifying drilling and exploration operations, developing infrastructure, establishing pumping and processing stations, pipeline networks, gas investment, developing platforms for export outlets, and others."
For his part, the Director General of the Oil Exploration Company, Ali Jassim, said that "the next phase will witness a remarkable activity for the exploration sector, as these plans rely a lot on sustaining and increasing production of oil and gas." Seismic teams, especially in the Western Desert and Nineveh Governorate, to transform the energies and expectations that lie underground into actual production that contributes to achieving our promising plans.” https://www.mawazin.net/Details.aspx?jimare=201537
The Dollar Stabilizes In The Iraqi Market
Economie| 10:38 - 05/08/2022 Baghdad - Mawazine News The dollar exchange rates witnessed stability today, Friday, on the Iraqi Stock Exchange.
And the selling prices of the dollar were recorded at 148,700 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 148,600 dinars per 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=201557
In The Presence Of Mr. Ihsan Shamran And Mr. John Sullivan, Representative Of The US Treasury In Iraq,
Banks Economy News.... Qualification certificates for anti-money laundering training.
19 trainees from various private banks completed a course in combating money laundering and terrorist financing, which was organized by the Association of Iraqi Private Banks in cooperation with Iraqna Training and Development Company and lasted for five days..
The association held a closing ceremony in the presence of the Director General of Banking and Credit at the Central Bank of Iraq, Ihsan Shamran Al-Yasiri, representative of the US Treasury, John Sullivan and Sebastian, Director General of Compliance at the Central Bank of Iraq.
Al-Yasiri gave a speech to the trainees, in which he referred to the great efforts in implementing this course, which live up to its level of importance, and for the Central Bank, it is necessary to prepare staff specialized in money laundering working to achieve the required precautions against slipping into the labyrinths of this phenomenon.
He called on the participants to be at the level of responsibility to be a nucleus for training and developing banking competencies and cadres and to create a base of money laundering specialists in a way that rises to the level and interest of the developed countries in combating it. He also called on banks to pay attention to the selection of employees and the occurrence of compliance and money laundering.
Meanwhile, the representative of the US Treasury in Iraq, John Sullivan, expressed his thanks and admiration for the efforts made by the Association and the banks in holding this course, noting that this certificate is one of the oldest certificates in the world and its holders gain importance in preserving their banks from slipping into the phenomenon of money laundering.
He hinted that the association is making a successful mistake in enhancing the immunization of banks from the phenomenon of money laundering, through its successful preparations in organizing the Forum for Compliance and Combating Money Laundering and Terrorism Financing, which will be held soon, which is considered very important at this stage to enhance the Central Bank’s directions in this regard.
After that, the qualification and appreciation certificates were distributed among the graduates by the guests. It should be noted that the graduates are expected to pass the most important test to obtain a certificate specialized in combating money laundering and terrorist financing.
https://economy-news.net/content.php?id=5879
World Bank: Commodity Prices In Iraq Have Risen 7% Over The Past Two Months
ECONOMIC Last Update 08/04/2022 | Information/Baghdad..In a report, the World Bank warned of the danger of continuing high inflation in most low- and middle-income countries, noting that the share of high-income countries, noting that Iraq witnessed a rise of 7.6 in foodstuffs.
Lebanon ranked first globally on the World Bank's index of food price inflation, surpassing Zimbabwe, which came in second, and Venezuela in third place. This indicates the magnitude of the challenges ahead for Lebanon, which suffers from a severe crisis in its food security.
The World Bank warned of the danger of persistent high inflation in most low- and middle-income countries, noting that the share of high-income countries that face high inflation is witnessing a sharp increase in their rates as well, and published a list of the ten countries most affected by inflation and high prices.
His statistics for the year 2022 showed that the prices of food and beverages continued to rise in many countries of the Middle East region compared to the same period last year.
He attributed the direct cause of this reality to the Russian war on Ukraine, as the Middle East and North Africa region relies heavily on the Black Sea region for wheat consumption, stressing that the war in Ukraine “threatens poor countries with a food crisis and overlapping debt.”
While the report indicated that wheat is one of the staple foods in the Middle East and North Africa, the war in Ukraine is causing disruption in the wheat supply chain, causing critical problems in food security in the region. As a result, the CPI for food increased significantly in most countries of the region, with Egypt (24.2 percent), Morocco (9.5 percent), Iraq (7.6 percent), Lebanon (216 percent), and (Syria 71 percent). ), Yemen (43 percent), Palestine (8.1 percent), and most of these countries are facing severe wheat shortages. Done/25 d https://almaalomah.me/2022/08/04/612117/
An Economist Criticizes The Government’s Granting Of Exemptions To Ministries .. “Wasted Spending”
ECONOMIC 08/04/2022 | 6:32 PM information/special. Today, Thursday, economist Nabil Al-Ali criticized the exemptions granted by the government to the heads of government departments, institutions and ministries, while stressing that the exemptions may lead to a waste of 20% of the volume of spending.
Follow the “Al-Maalouma” channel on Telegram.. News that does not need documentation..
Al-Ali said in an interview with the "Information" agency, that "granting repeated exemptions by the government to the heads of departments, government institutions and ministries can encourage corruption."
He explained that "the instructions for implementing contracts No. 2 of 2014 are the supreme rules issued to all public government agencies and institutions, and they draw the legal lines and paths that must be followed in concluding contracts in a way that protects and guarantees the rights of all contracting parties, achieves justice and equality between bidders, and protects public funds." .
He added, "Exemptions from these instructions should only be granted under special circumstances such as war, natural disasters or major crises."
Al-Ali continued: “Many exemptions have been observed, such as those granted to contracts related to the ration card program, contracts for regional development projects worth tens of billions of dollars, and contracts for many ministries, in recent times, in addition to granting exemptions to implement projects related to Mosul Airport.” .
And the economist indicated that “exemptions may lead to wasting public money, which represents about 20% of the volume of expenditure excluded from the mentioned instructions.
https://almaalomah.me/2022/08/04/612196/
Locally.. The Stability Of Dollar Prices
05/08/2022 33 Earth News/ The dollar exchange rates witnessed, today, Friday, stability in the Iraqi Stock Exchange. The selling prices of the dollar were 148,700 dinars per 100 dollars, while the purchase prices of the dollar were 148,600 dinars per 100 dollars. https://earthiq.news/archives/123394
Iraq Is The Richest Country, Fact Or Fiction?!
.Iraq Is The Richest Country, Fact Or Fiction?!
08/04/2022 | 9:44 PM books / d. Basil Abbas Khudair
From a young age, they teach us that Iraq is one of the richest countries, and this information is shared by many Iraqis with pride, which indicates that Iraq is at least third in the field of oil reserves, as it occupies advanced positions in terms of gas and sulfur reserves and others, and according to the indicators and advantages that Iraq enjoys, it is already qualified to be at the forefront of rich countries, but this did not happen in the past from over the years,
At the present time, poverty affects a third of the population, and there are many manifestations, infrastructure, services and luxury that prove that Iraq is not one of the richest countries, even if it has the ingredients to achieve what the population desires.
Iraq Is The Richest Country, Fact Or Fiction?!
08/04/2022 | 9:44 PM books / d. Basil Abbas Khudair
From a young age, they teach us that Iraq is one of the richest countries, and this information is shared by many Iraqis with pride, which indicates that Iraq is at least third in the field of oil reserves, as it occupies advanced positions in terms of gas and sulfur reserves and others, and according to the indicators and advantages that Iraq enjoys, it is already qualified to be at the forefront of rich countries, but this did not happen in the past from over the years,
At the present time, poverty affects a third of the population, and there are many manifestations, infrastructure, services and luxury that prove that Iraq is not one of the richest countries, even if it has the ingredients to achieve what the population desires.
In it is more the events that occurred in the country were not aimed at development and human care.
Most of them are destruction and conflicts, and all of them seem far from benefiting from its resources.
For years, our economy has been rentier and depends on oil as a main source of income and domestic product.
According to a report entitled (The World's Richest and Poorest Countries 2022) published by the American magazine Global Finance and carried by our local agencies, including (Shafaq News) regarding the poorest and richest countries in the world for 2022, Iraq ranks 114th out of 192 countries included in the classification
We also rank tenth among the Arab countries, and the problem is not only in the sequence in which we fall globally and in the Arab world, but in the differences related to the Iraqi per capita share during this year of the gross domestic product, which amounts to 12,141 thousand dollars,
It is very far from the per capita share in the first sequence (Luxembourg).) which ranked first in the richest countries in the world with a share of 140,694 thousand dollars, so the difference between us and them is 128 thousand dollars per year, meaning that the Iraqi share is equivalent to 8.5% of the per capita share of the richest, and the difference is vast with the first Arab sequence,
Qatar ranked in the rank First (ranked fourth globally) with a share of 112.789 thousand dollars, i.e. a difference of 100 thousand dollars, that is, the proportion of the Iraqi individual is equivalent to 10.6% of the annual income of the citizen in Qatar, and the problem with the share of the Iraqi individual mentioned in the table indicates the unfair distribution of income.
If the per capita share is 12 thousand dollars annually, this means (Theoretically) his share is 18 million dinars annually, ie an average of 1.5 million dinars per person per month, which we do not find in the salaries of social protection, which includes more than two million families.
The family allowance (not the individual) does not exceed 150 dollars per month, and this figure is also It does not come close to the reality of pension salaries, as nearly two million retirees receive a salary of no more than 500 thousand dinars per month, and
It is far from the reality of the unemployed who have little income, who number more than 3 million unemployed. 6% of the annual income of the citizen in Qatar, and the problem with the Iraqi per capita share mentioned in the table indicates an unfair distribution of income per person per month, which we do not find in the salaries of social protection, which includes more than two million families.
The family allowance (not the individual) does not exceed 150 dollars per month, and this number does not come close to the reality of pensions, as nearly two million retirees receive a salary of no more than 500 A thousand dinars per month, and
it is also far from the reality of the unemployed who have little income and who number more than 3 million unemployed 6% of the annual income of the citizen in Qatar, and
the problem with the Iraqi per capita share mentioned in the table indicates an unfair distribution of income per person per month, which we do not find in the salaries of social protection, which includes more than two million families.
The family allowance (not the individual) does not exceed 150 dollars per month, and this number does not come close to the reality of pensions, as nearly two million retirees receive a salary of no more than 500 A thousand dinars per month, and
it is also far from the reality of the unemployed who have little income and who number more than 3 million unemployed 5 million dinars per person per month, which we do not find in the salaries of social protection, which includes more than two million families.
The family allowance (not the individual) does not exceed 150 dollars per month, and this figure does not come close to the reality of pensions, as nearly two million retirees receive a salary that is not More than 500 thousand dinars per month, and
it is also far from the reality of the unemployed who have little income, who number more than 3 million unemployed.5 million dinars per person per month, which we do not find in the salaries of social protection, which includes more than two million families.
The family allowance (not the individual) does not exceed 150 dollars per month, and this figure does not come close to the reality of pensions, as nearly two million retirees receive a salary that is not More than 500 thousand dinars per month, and it is also far from the reality of the unemployed who have little income, who number more than 3 million unemployed.
It is true that we are not the poorest countries in the world because there are 78 countries in the world whose per capita share is less than that of the Iraqi,
but we are not one of the richest countries because there are 113 countries in which their per capita share is more than the Iraqi per capita share, and the reality in which we are in terms of GDP
It is thanks to the high selling prices of oil and the increase in the quantities of oil exports, as oil revenues constitute 85% of the total GDP,
meaning that Iraq’s sequence between rich and poor countries is liable to be lower than the current sequence if oil exports and prices were exposed to crises as happened after the spread of the Corona pandemic and we were forced through it Reducing the exchange rate of the dinar against the dollar, and
The unpleasant figures presented above are known to everyone because they are within the reach of the competent authorities and for any Iraqi, whether he is an ordinary citizen or an official, and
its data was supposed to be a motive for those concerned to raise the level of wealth in Iraq to rid the country of the problems it suffers from
And alleviating or addressing the suffering of increasing poverty Spread, our country is prepared in all respects to improve its domestic production by activating the business and economic sectors.
Selling more than 200 million dollars per day in the currency window of the Central Bank for the purposes of covering remittances and import financing means that the country is a promising market for the disposal of local products, as we import more than 90% of the needs
And our position in the 114th position has many facts, the most prominent of which is that we are not the richest country as it is rumored, and we are not even among the rich, which requires us to wake up from dreams and imagination to make our country in a better condition than this situation and at least in a way that suits our resources. https://almaalomah.me/2022/08/04/612230/
Iraqi News Friday AM 8-5-22
.Iraqi News Friday AM 8-5-22
Tlm724 Administrator Bondlady’s Corner
Economist: Increasing Oil Production Will Add $300 Million To Iraq Per Month
Economic Last Update 08/04/2022 | 9:02 AM The Information/Baghdad...The economic affairs specialist, Muhammad Attia Al-Saadi, confirmed that the increase in oil production for the OPEC countries by 100,000 barrels per day will provide Iraq with amounts that may exceed 300 million dollars per month and about 4 billion dollars annually.
Al-Saadi told Al-Maalouma, "Iraq may achieve additional financial oil revenues estimated at three hundred million dollars per month as a result of OPEC's decision to increase production by one hundred thousand barrels per day, starting from next September."
Iraqi News Friday AM 8-5-22
Tlm724 Administrator Bondlady’s Corner
Economist: Increasing Oil Production Will Add $300 Million To Iraq Per Month
Economic Last Update 08/04/2022 | 9:02 AM The Information/Baghdad...The economic affairs specialist, Muhammad Attia Al-Saadi, confirmed that the increase in oil production for the OPEC countries by 100,000 barrels per day will provide Iraq with amounts that may exceed 300 million dollars per month and about 4 billion dollars annually.
Al-Saadi told Al-Maalouma, "Iraq may achieve additional financial oil revenues estimated at three hundred million dollars per month as a result of OPEC's decision to increase production by one hundred thousand barrels per day, starting from next September."
He added that "the value of the additional financial revenues will achieve annually about four billion dollars in the event that oil prices continue within the limits of 100 dollars per barrel."
And he indicated that "the increase in production and prices has brought Iraq huge financial revenues, which are the highest in the history of Iraq," calling for
"investing them in economic development projects away from wasting them in random operational plans and appointments that increase the slack of the government sector."
He pointed out the importance of "setting well-studied plans in the next financial budget to invest that financial surplus in activating the private sector, completing lagging projects, diversifying financial revenues and increasing the cash reserve." https://almaalomah.me/2022/08/04/612070/
"Shadow Culture In Iraq"... Some Of The Meaning Of Al-Maliki's Leaked Recordings
Reports & Analytics breaking Nouri al-Maliki Al-Maliki leaks
2022-08-04 13:04 Shafaq News/ The American "Washington Institute" considered in a report written by Sardar Aziz, the adviser to the Parliament of the Kurdistan Region, that the audio leaks of former Prime Minister Nuri al-Maliki highlight the inherent fragility of Iraqi politicians, and provide an insight into the existing policies in Iraq.
The report of the American Institute, translated by Shafak News Agency, explained that the leaked audio recordings of Al-Maliki, which he denies, reveal the hidden secret private conversations taking place among the ruling elite in the country, adding that these leaks are the tip of the iceberg of what is going on in Iraqi politics, and they reflect what is going on in the shadow phenomenon.
He pointed out that these leaks have several aspects, including competition between Shiites, politics influenced by personality, association with other countries (Iran), coup plans, and others.
However, the report considered that the conditions and framework of the audio recordings also reflect the challenges facing politics in Iraq, adding that in order to understand the mentality of the ruling elite in Iraq and its inner world, it is necessary to focus on these conversations and meetings, noting that their content reflects in several ways the spirituality of the political circle Internal is better than public discourse.
The report pointed out that the style of the meeting mentioned in the leaks is described as “ka’da” in the Iraqi colloquial dialect, which means an informal and semi-private meeting, explaining that
these are common meetings in Iraqi society, especially among politicians, in addition to that they differ from the policy circulated in the public sphere. in many ways.
The report added that the exclusive meetings of Iraqi politicians are not private meetings in themselves, adding that although they may take place in a private place, such as the home of one of the participants,
it is possible that among the invitees are individuals from outside the family such as bodyguards, close members of the party or supporters Faction, supporters and others.
He added, "Therefore, these meetings are not private, but they are not completely public. Rather, they can be described as mixed spaces for political performance in which politicians and those close to them gather to practice the art of saying and doing (power)."
The report added that the purpose and format of these meetings may range from planning (or conspiracy) in the field of politics, work and entertainment,
but their main feature remains the same, that is, the main objective of the meeting is to satisfy the ego of the person whose focus is (usually a man), as the
The way those present address and talk to him, wrapped in admiration and praise, increase the importance of this character and reflect his desire to be treated in this way.
He continued, "This manufactured social bubble also protects political leaders from accountability and criticism, by making them appear as rulers and not as public sector employees."
The report pointed out that within this manufactured environment, the discussions taking place differ from the formal and studied political discourse, and the isolationist and restrictive nature of the (empty) political discourse that is intended for public consumption remains one of the reasons for the frankness that dominates the conversations of small councils.
"No political figure can speak frankly with the people, but the discontent of the majority of the people with politicians, especially during the past decade, has made it very difficult for them to enjoy participating in any public activity," he added.
As for the relationships between the participants in the "Al-Ka'dah", it reflects "dynamic networks of people connected to each other through mutual dependencies in time and space."
The report stated that these political figures are part of the consolidation of the tradition of power in the region, adding that most Iraqi political figures do not have the experience, knowledge or political confidence, noting that within the Iraqi political scene, the phrase "coincidence politicians" may reflect the prevailing reality in the best way.
The report recalled what Zalmay Khalilzad, the former US ambassador to Iraq, said when he said, "Nuri al-Maliki was not known in the Iraqi political arena until, one morning, Jeff Beals came into his office with a set of resumes and asked him: What do you think of Nuri al-Maliki?"
He added that after that, they arranged a meeting in the House of Representatives, in order for al-Maliki to take power.
That is why the report considers that al-Maliki was not a well-known or influential figure in any way, but it became a possible option when Iran and the United States were looking for a middle figure, a game that often had counterproductive results.
In a parallel context, the report considered that the nature of these meetings and talks sheds light on the inherent fragility of Iraqi politicians, which prompts them to seek to consolidate their power by suppressing any criticism or adverse opinions, and erecting barriers between them and the people, as their world is characterized by infighting; As happens between al-Maliki and Muqtada al-Sadr, adding that in this world, conspiracy theories turn into justifications for established global visions, and the characteristics of political discourse are summarized in fragility, interaction and narcissism.
The recordings also show, according to the report, that maintaining a department capable of helping meet these needs is based on the flow of money and its collective distribution, which can be monitored in al-Maliki’s conversations in the leaked recordings, as the guests request financial support for the formation of armed groups in each of Iraq’s governorates.
These recordings and confessions also reveal the unwillingness of the current elites to cede power to others, as their craving for power is the main reason for their dependence on kinship ties and networks of relatives and clans, which are gathered by the favoritism resulting from the consolidation of power. .
The report explained that al-Maliki’s famous saying “we will not give up power” sums up this idea, as during a limited gathering in 2013, one of the people shouted to al-Maliki and said, “We will not give up power to them.”
Now al-Maliki came to make his famous statement saying, “Is there anyone who can He takes it (power) from us until we give it to him?”, noting that it is a feeling that has been reduced and revived in the collective political consciousness of Iraqis.
The report concluded by saying that within the framework of the general scene, the leaked recordings can explain the dominance of dynastic politics over the main government institutions in Iraq.
He continued, "It is important for Iraqis and external observers alike to understand the nature of these circles and their influence on political decisions, since this influence must be dissipated to reform politics in Iraq."
He concluded by saying that these meetings are considered evidence that culture and traditions may remain an obstacle to modernity in all its forms. https://shafaq.com/ar/تقارير-وتحليلات/ثقافة-الظل-في-العراق-بعض-ما-تعنيه-تسجيلات-المالكي-المسربة
Planning: A Tendency To Develop The Sources Of The Iraqi Economy According To Three Determinants
Economie Yesterday, 20:28 Baghdad - INA - Abdul Amir responded, today, Thursday, the Ministry of Planning revealed a move to prepare a five-year development plan for the development of the Iraqi economy, while indicating that there is a trend towards developing the country's economic resources according to three determinants.
The ministry's spokesman, Abdul-Zahra Al-Hindawi, told the Iraqi News Agency (INA), that "the ministry is preparing to prepare new five-year development plans for the next five years," noting that "this plan will take into account all the challenges and changes and what is related to the economy, energy and food."
Al-Hindawi added, "The trend now is towards developing the sources of the economy and activating the agricultural sector according to modern methods in agriculture and rationing water use with regard to agriculture in particular, to ensure the sustainability of water sources in a way that secures the country's need for human and agricultural consumption," stressing that "we are heading towards achieving food security." and self-sufficiency in Iraqi agriculture.
He explained, "The Corona pandemic affected the country's economy negatively, and caused a state of economic downturn in Iraq and the world, which disrupted the state of economic growth planned within the development plans."
He stressed, "The failure to achieve growth will pave the way for a state of decline in the rates of economic reality, which will directly affect the livelihood of the individual, in addition to the fact that
the decline in oil prices during the past two years 2020 and 2021 greatly affected Iraq, whose economy depends mainly on oil, which was negatively reflected." on projects, and the impact on job opportunities and others, all of which are factors that affected the living life of the Iraqi individual.”
He stated, "The Iraqi economy is part of the global economic system, and is affected by conditions, including the rise in food prices in the global market, as well as energy prices, in addition to water scarcity, which is a global crisis."
He pointed out that "many countries in the world witnessed an increase in annual inflation rates, such as America, European countries, Turkey, Iran, the Gulf states and some African countries." https://www.ina.iq/162519--.html
A Statement From "Oil" On The Five-Year Plan For Production And Export
04/08/2022 51 Earth News/ The Executive Director of the National Oil Company confirmed, on Thursday, moving forward with the implementation of plans to maintain and increase production and export for the next five years.
The First Vice President and Executive Director of the National Oil Company, Hamid Younis, said during the meeting he chaired for officials of extractive companies to discuss and follow-up plans to implement projects to maintain and increase oil production and export, that
"the ministry and the company are continuing to implement the program prepared for this purpose, in cooperation with international contracting companies."
Yunus indicated that "Iraq has promising production capabilities that qualify it to be one of the most important producers during the next few years, and that the conditions that Iraq witnessed in 2014, the global economic crisis and the drop in oil prices have disrupted plans to increase national production."
He stressed, "the importance of financial support and funding to reach the planned goals according to accurate calculations, and production rates of 5-8 million barrels per day can be reached during the coming years,
taking into account the variables, requirements and needs of the global oil markets, and that
the plans for project implementation include intensifying drilling and exploration operations, and developing structures. Infrastructure, construction of pumping and processing stations, pipelines, gas investment, development of export outlet platforms, and others.
For his part, the Director-General of the Oil Exploration Company, Ali Jassim, said that “the next stage will witness a remarkable activity for the exploration sector, as these plans rely a lot on sustaining and increasing production of oil and gas, and that the company is intensifying its efforts in this field through the efforts of research centers, interpretations and studies, and in the field the efforts of seismic teams,
especially the efforts of seismic teams, especially In the Western Desert and Nineveh Governorate, to transform the energies and expectations that lie underground into actual production that contributes to the realization of our promising plans.” https://earthiq.news/archives/123221
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Thursday Afternoon Iraq Economic News Highlights 8-4-22
.The Government Excludes Approving The 2022 Budget And Confirms: There Is No Direction To Reduce The Price Of The Dollar
AUGUST 4, 2022 The technical advisor to the Prime Minister, Haitham al-Jubouri, confirmed that there is no government direction to reduce the exchange rate of the dollar against the dinar, and while he acknowledged the difficulty of approving the 2022 budget, he made it clear that the installation of contracts and the appointment of health professionals and holders of higher degrees is not linked to its approval.
Al-Jubouri said, according to the official agency, that "the revenues generated by the rise in oil prices are temporary and cannot be relied upon in drawing up long-term economic plans, as they fall within the ebb and flow at the present time, which depends on global demand and supply."
Thursday Afternoon Iraq Economic News Highlights 8-4-22
The Government Excludes Approving The 2022 Budget And Confirms: There Is No Direction To Reduce The Price Of The Dollar
AUGUST 4, 2022 The technical advisor to the Prime Minister, Haitham al-Jubouri, confirmed that there is no government direction to reduce the exchange rate of the dollar against the dinar, and while he acknowledged the difficulty of approving the 2022 budget, he made it clear that the installation of contracts and the appointment of health professionals and holders of higher degrees is not linked to its approval.
Al-Jubouri said, according to the official agency, that "the revenues generated by the rise in oil prices are temporary and cannot be relied upon in drawing up long-term economic plans, as they fall within the ebb and flow at the present time, which depends on global demand and supply."
He added, "Real stability lies within non-oil revenues, as they are fixed and can be controlled according to internal legislation and have nothing to do with international prices, which represent collection, improving the tax base and what the state obtains from customs, in addition to encouraging investment," noting that "these things can It creates economic stability in the country and an increase in the revenues generated.”
He pointed out that "oil revenues have actually increased and can be invested in some development projects, but they cannot be relied upon for long."
On approving the budget law and decreasing the exchange rate, Al-Jubouri stressed that “the federal budget for 2022 is difficult to decide during the current year,” explaining that “the installation of contracts for those who have actual service for two years and the appointment of health and medical professionals for the cadres covered by the medical gradation and the holders of higher degrees are available even if The budget has not been approved.
He pointed out that "the provision of job grades absolutely is a matter that needs and depends on approving the budget and providing sufficient financial liquidity to provide these degrees."
He pointed out that "the government does not have any direction to reduce the exchange rate of the dollar against the Iraqi dinar." LINK
The Economic Identity Of The State And The Strategic And Objective Necessity Of The State's Commercial Regulation
Aqil Jaber Ali Al-Mohammadawi / researcher in financial and development affairs
The essence of state building in commercial organization (commercial activities) is one of the most important methodological and objective foundations for building an economic identity and model .
In modern conditions, there is a strategic role for the state in regulating commercial activity, which consists first of all in setting the rules of the commercial game, and other basic roles that include determining the direction of strategies, the commercial and economic model, and the mechanism for supporting the normal performance of commercial organization .
It is necessary to note that the market and trade are among the components of the national economy in modern commercial thought. Accordingly, thinking about the market development process results in the creation of real economic freedoms and freedom of pricing decisions and others ...
The main task of the state is to maintain market stability and ensure its social and economic orientation and orientation .
It becomes clear that the most important principles of the state’s regulation of commercial activity is the dependence of commercial activity on the model corresponding to the market economy, which is based on :
( Dynamic, consistency, stability, adaptability and adaptation, commercial and economic flexibility, rationality, idealism, efficiency, responsibilities, reliability ).
For a mixed economy society :
Economic and social orientation
The state’s implementation of support functions and the development of social funds
Ensure the basic requirements for development
Targeting an increase in the standard of living for different social groups .
Business in commerce is a broader field of operational and organizational activities for organizations, entities, unions and commercial establishments that aim to complete and/or work to complete the purchase and sale of goods and services to meet the demand of consumers (individuals) with the aim of profit .
Trade relations can develop in the conditions of disciplined and studied economic and commercial freedom (economic freedom in commercial activities cannot be considered complete independence from the interests and actions of market entities and the state because in some cases reaching compromise solutions with business companies is necessary to achieve any strategic goals
in addition to that The movement of trade relations may be restricted by the conditions of the internal or external environment and the nature of trade secrets and other objective factors), which involve the ownership of capital and the ability to manage public money and focus on extracting the maximum possible profit and generating added value and contributing to the growth of GDP,
and the ability to manage risks Trade and the formation of organizational structures for trade that are able to adapt to changing conditions and conditions of instability and subject to changes in market needs .
Which shows the importance of serious thinking in discussing the issue of shaping and defining economic identity and its implications in the paths of organizing commercial activities and economic and commercial reference and formulating optimal models according to objective and solid methodology bases . https://economy-news.net/content.php?id=29145
In The Document.. Water Resources Proposes Presenting The Farmers’ Compensation File To The Cabinet Table
08/03/2022 {Local: Al Furat News} The First Deputy Governor of Najaf, Hashem Al-Karaawi, announced today, Wednesday, the approach of the Ministry of Water Resources, the General Secretariat of the Council of Ministers, regarding the file of compensation for farmers and farmers who are not covered by the agricultural plan for the purpose of discussion and approval in the Cabinet session.
Al-Karaawi said in a statement that {Euphrates News} received a copy of it that: "The Supreme Committee for Compensation demanded that the Ministry of Finance allocate an amount not exceeding (150) billion dinars, in order to cover the compensation of farmers in the governorates of Najaf and Al-Diwaniyah for lands that cannot be cultivated this season."
Al-Karaawi pointed to the mechanism for approving compensation:
1- The agricultural plan established by the agricultural divisions, according to the triple name of the farmer, farmer, agricultural areas and the cultivated variety for the past year
2- The compensation is based on (50%) of the marketing price of the crop approved in 2021 by the Ministry of Commerce.
3- Adopting the agricultural areas for the strawberry crop, which are actually approved and approved in the summer agricultural plan for 2022. https://alforatnews.iq/news
The Drying Up Of Water Storage Reaches The Second Level..And Fears Of The Continued Lack Of Revenues
Posted On2022-08-04 By Sotaliraq Baghdad/ Firas Adnan The Ministry of Water Resources confirmed that the drought in water storage has reached the second level, and expressed its hope that next year will witness revenues that will help Iraq to overcome the stage of danger.
The Director of the National Center for Water Resources Management, Hatem Hamid, said, "The Ministry of Water Resources is exposed to two types of abuses on water, the first falls on water quotas and the second falls on water projects."
Hamid added, "The General Authority for the Operation of Irrigation and Drainage Projects of the Ministry is following up on water releases from dams for the purpose of securing expenses for all governorates."
He pointed out, "This is according to the plan prepared at the beginning of the summer season or the beginning of the winter season," stressing that "the abuses are sometimes by citizens, and at other times they occur by local administrations."
Hamid explained, "One of the abuses of the local administration is what the governor of Babylon did a while ago by opening a regulator, but this problem was solved and the regulator was reorganized according to the operational plans prepared by the Ministry of Water Resources."
And he stated, "A part of the citizens who are in the rivers consume more water than the water rations allocated to them, which reduces the quotas of those in the back of the rivers."
Hamid continues, "The ministry is carrying out a campaign to remove the abuses. During this year, we were able to reduce the abuses in order to deliver the water quotas to the rivers."
He spoke about "the possibility of saying that the percentage of overrun is much lower than it was in previous years," noting that "the water file is dealt with on two axes, the first external and the second internal."[/size]
Hamid said, "The external aspect is an attempt to hold meetings with the Turkish and Iranian sides to ensure the release of water according to the approved quantities and the sharing of damage in accordance with international laws."
And he added, "The internal aspect is to ensure the preparation of a plan to divide the water quotas for all projects and governorates according to the determinants."
Hamid continues, "The priority at home is for drinking water, orchards, and agricultural and environmental water, which includes the share of Basra Governorate and the Marshes."
He added, "This plan is being followed up by the departments affiliated with the Ministry of Water Resources, especially the General Authority for Operation and Irrigation Project Management, and to hold violators accountable by filing lawsuits and following them up in the courts to reduce abuses."
Hamid added, "Our efforts are also focused on raising the pumps installed outside the controls, or that their owners did not obtain official approvals to operate them, and to reduce the channels that take water towards the fish-breeding lakes without approval."
He noted that these "measures carried out by the Ministry of Water Resources aim to deliver water fairly to all governorates, according to the prepared plan."
Hamid warned that "the southern governorates are the most affected by these abuses," noting that "our work ended many transgressions that were on the Euphrates River, especially in the Muthanna Governorate, and the delivery of the drainage to the entire Dhi Qar Governorate."
And he went on to other transgressions, "located from Samarra Dam to the south of Baghdad Governorate. Work is underway to reduce it, and we have succeeded to some extent, but there are other measures to ensure that the shares of other governorates are not affected."
Hamid indicated, "The water reserves available to Iraq at the present time are 60% less than last year, and 80% before it."
He stated, "The ministry is trying to manage this storage according to the plan laid down in the strategic study that was approved in 2014 by dividing the storage according to the borders into three categories."
Hamid added, "Iraq is currently still in the second limit of drought, and we hope that we will remain at this level and that next year its water revenues will be good in order to rise to the first limit or the safe limit. But if the next season comes dry as well, we can descend to the third critical limit." We are facing great difficulties in meeting our water needs.”
The spokesman for the ministry, Ali Radi, had stated, "Iraq has two plans, the first is to use water releases from dams and reservoirs to meet the main requirements, which are agricultural land, which is the largest consumer, drinking water, and the share of the marshes, in addition to pushing the salt tongue from the Shatt al-Arab water."
Radi added, "This plan coincides with a second plan for water distributions, which is related to the management of distributions, the application of the Marashnah system, and the lifting of abuses in order to make the agricultural plan a success, secure water for it, and ensure that water reaches the areas located in the rivers that suffer from a crisis in access to water."
He talked about "other measures related to re-drilling wells and rehabilitating a large part of them in areas where access to healthy water is difficult." Radi affirmed, "The only solution that the Ministry of Water Resources is working on in conditions of scarcity is to reduce the agricultural plan to 50%."
He noted, "The marshes suffered from water scarcity, but within the ministry's plan, there are quantities that will reach them, but we suffer from some encroachments on the waterways."
Radi added, "The sources of nutrition for the marshes are not only from the Tigris and Euphrates rivers, so what concerns us as the Ministry of Water Resources, we work to provide a certain amount of this water to revitalize the marshes."
It is noteworthy that experts have warned on more than one occasion of the water crisis and stated that drought will strike Iraq, stressing that the problem is exacerbated today, through the displacement of many residents of the marsh areas in addition to the destruction of animals, and other things that we previously warned about and called for a review of plans agricultural, with the transition to modern irrigation systems, stressing that these solutions can fill us with the crisis in the marshes and the southern governorates. LINK
Oil Minister: We Are Working To Mitigate The Security And Health Challenges Facing The Market
Shafaq News/ Oil Minister Ihsan Ismail Abdul-Jabbar affirmed on Wednesday, "OPEC +" keenness on stabilizing global oil markets, working to mitigate the security, political and health challenges facing the world and striving towards achieving a balance between supply and demand.
This came during the participation of the Minister of Oil in the monthly meeting of the Ministerial Committee for Follow-up Production JMMC and the ministerial meeting of the Organization of Petroleum Exporting Countries and allied countries via the television circuit.
Abdul Jabbar Ismail said in a statement received by Shafaq News Agency that the meetings included reviewing the developments of the oil markets, and listening to reports prepared by the research authorities in the organization on the variables and influencing factors, and their impact on supply and demand in the oil market.
Abdul-Jabbar indicated that it was agreed to increase the production ceiling for the month of September by adding 100,000 barrels per day, in order to compensate for an expected increase in global demand. every country.
He noted the follow-up to developments in the oil market, and taking appropriate measures by OPEC +. LINK
Thursday AM Iraq Economic News Highlights 8-4-22
.Thursday AM Iraq Economic News Highlights 8-4-22
The rise in the exchange rate of the dollar in Iraq
Economie 2022-08-04 | 04:44 1,938 views Alsumaria News – Baghdad Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets for Thursday.
The selling prices of the dollar were 148,700 dinars per 100 dollars, while the purchase prices of the dollar were 148,600 dinars per 100 dollars.
Global Oil Price Recovery
Economie 2022-08-04 | 02:28 1,530 views While the United States has asked the group to increase production, spare capacity is limited and Saudi Arabia may be reluctant to increase production at the expense of Russia, which has been subject to sanctions over the Ukrainian invasion described by Moscow as a "special operation".
Thursday AM Iraq Economic News Highlights 8-4-22
The rise in the exchange rate of the dollar in Iraq
Economie 2022-08-04 | 04:44 1,938 views Alsumaria News – Baghdad Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets for Thursday.
The selling prices of the dollar were 148,700 dinars per 100 dollars, while the purchase prices of the dollar were 148,600 dinars per 100 dollars. LINK
Global Oil Price Recovery
Economie 2022-08-04 | 02:28 1,530 views While the United States has asked the group to increase production, spare capacity is limited and Saudi Arabia may be reluctant to increase production at the expense of Russia, which has been subject to sanctions over the Ukrainian invasion described by Moscow as a "special operation".
The outlook for oil demand was clouded by mounting fears of a recession in the United States and Europe, debt distress in emerging market economies, and a tough zero --COVID-19 policy in China, the world's largest oil importer.
The Energy Information Administration said that US crude oil stocks rose unexpectedly last week as exports fell and refineries cut inflows, while gasoline stocks also recorded a surprise increase as demand slowed. LINK
Ministry Of Labor: 100 Billion Dinars Recovered From Social Welfare Abusers
Iraq 09:46 - 08-04-2022 The Federal Ministry of Labor and Social Affairs announced the recovery of 100 billion dinars from the trespassers on the social care network.
The Director General of the Social Welfare Department at the Ministry, Zikra Abdel Rahim, said that "social care should be temporary," noting that "we are working on social welfare reform with the participation of international organizations."
She added, "The reform of social welfare will take a year and a half," stressing that "we recovered 100 billion dinars from those who abused social welfare."
She pointed out that "300,000 families are waiting for financial allocations to be included in social care."
https://kirkuktv.net/AR/Details/7993
With A Difference Of 100 Dinars.. Learn About The Exchange Rates Of The Dollar On The Iraqi Stock Exchange[/Size]
Economie| 11:16 - 04/08/2022 Baghdad - Mawazine News, the dollar exchange rates rose, today, Thursday, on the Iraqi Stock Exchange. Selling price: 148,700 dinars per $100, buying price: 148,600 dinars per $100. https://www.mawazin.net/Details.aspx?jimare=201470
Aviation Authority: A Transit Will Be Opened At Baghdad International Airport With Several Countries[/Size]
Economie| 11:10 - 04/08/2022 Baghdad - Mawazine News The Civil Aviation Authority announced, on Thursday, the intention to open transit at Baghdad International Airport with several countries.
"There are several agreements with Arab and foreign aviation authorities for cooperation and coordination," said Jihad Al-Diwan, media director of the Civil Aviation Authority, in an interview with the official news agency, followed by Mawazine News.
He explained, "There is cooperation with most European countries that depends on national carriers when it is a national carrier that is submitted to the civil aviation company. The aviation authority coordinates with the civil aviation of the countries to be traveled to, and coordinates with them to implement the line."
He continued, "Most of the countries we have cooperation with, and a transit will be opened at Baghdad International Airport with several countries, which will generate resources for the public budget and civil aviation." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=201467
The Chinese Ambassador To / Mawazine News /: We Are Working To Complete The Projects Determined By The Iraqi Government
Politica l| 12:20 - 04/08/2022 Baghdad - Mawazine News, the Chinese ambassador to Iraq, Cui Wei, confirmed today, Thursday, the work to complete the projects determined by the Iraqi government.
Wei said in an exclusive statement to "Mawazine News", "We are working to complete the projects, and the 7,000 Iraqi government schools are the ones that set their dates based on consultations between the two parties."
He added that "the projects within the Chinese agreement are determined by the Iraqi government, and it determines the priorities, and the Chinese companies are ready to implement the projects," noting that the framework agreement is for reconstruction and what the Iraqi government requires for reconstruction after consultations with us, ready to implement it. https://www.mawazin.net/Details.aspx?jimare=201475
Learn About Iraq's Rank Among The Richest Countries In The World
Shafaq News/ Iraq ranked 114th among the richest countries in the world in terms of per capita GDP adjusted for purchasing power, according to the US magazine Global Finance.
The magazine said in its latest report for the month of August, seen by Shafak News Agency, that Iraq ranked 114th in the richest countries in the world out of 192 countries listed in the table, indicating that "the per capita GDP in Iraq amounted to 12,141 thousand dollars."
Globally, according to the magazine’s report, Luxembourg ranked first in the world’s richest countries with a share of 140,694 thousand dollars, followed by Singapore second with a share of 131,580 thousand dollars, and Ireland came third with a share of 124,596 thousand dollars, while Burundi was at the bottom of the table and ranked 192 with a share of 856 dollars, preceded by South Sudan 953 dollars .
At the Arab level, Qatar ranked first and fourth globally, with a share of 112.789 thousand dollars, followed by Bahrain, 25th globally with a share of 57,424 thousand dollars, followed by Saudi Arabia third and 28th globally with a share of 55,368 thousand dollars, followed by Kuwait fourth and 31st globally with a share of 50,919 thousand dollars, followed by Oman ranked fifth and ranked 56 globally, with a share of 35,286 thousand dollars, followed by Libya sixth with a share of 18,345 thousand dollars, and then Egypt came seventh with a share of 14,928 thousand dollars.
She added that Algeria came in eighth, with a share of 13,002 thousand dollars, followed by Tunisia ninth, with a share of 12,300 thousand dollars, and then Iraq came in tenth, followed by Jordan in the 11th Arab rank, with a share of 11,861 thousand dollars, while the table did not address: Lebanon, Syria, and Afghanistan because there are no integrated official statistics Including. LINK
OPEC: 12 Thousand Barrels Per Day, An Increase In Iraq's Oil Production For The Month Of September
Shafaq News/ The Organization of Petroleum Exporting Countries "OPEC" announced, on Thursday, that Iraq's share of the increase in crude production, which was determined for the month of next September, will reach 12 thousand barrels per day, after the "OPEC +" agreement on a small increase in the shares of producers in it, which amounted to 100,000 barrels per day.
The organization stated in a table seen by Shafak News Agency, "The share of Iraq's production for the month of September was set at 4.663 million barrels per day, an increase of 12 thousand barrels per day compared to the current month of August, amounting to 4.651 million barrels per day, and an increase of 83 thousand barrels per day." for last July.
And she indicated that "Iraq was the second largest producer in the organization after Saudi Arabia, and the third largest producer in (OPEC +) after Saudi Arabia and Russia."
She added that "the production of Saudi Arabia and Russia was set at 11.030 million barrels per day for each of them during the month of next September, an increase of about 26,000 barrels per day from the current month of August, and the UAE's production share increased by 6 thousand barrels per day, to reach 3.179 million barrels per day." over the next month."
The organization indicated that "Kuwait set its production at 2.818 million barrels per day, and Algeria's production was set at 1.057 million barrels per day."
She pointed out that "OPEC's share of the oil increase scheduled in September will reach 64,000 barrels, bringing the organization's production to 26.753 million barrels per day, while the share of the increase for those allied with OPEC will reach 36,000 barrels, bringing their production to 17.202 million barrels per day."
The organization stated that "the total production of (OPEC +) will reach 43.955 million barrels per day in September."
The Organization of "OPEC +" agreed during its meeting yesterday, Wednesday, on a small increase in its production, which amounted to 100,000 barrels per day for the month of September. LINK