For Those Who Don't Know Him Yet: This Is Nouri Al-Maliki

For Those Who Don't Know Him Yet: This Is Nouri Al-Maliki

Muhammad Hathour - Iraqi journalist   August 1, 2022   This is the man of law and the state, the leader of the rule of law and the general secretary of the “Islamic Dawa Party.” He appeared scrawny and funny. He appeared as a roaming gang leader with a gun. The image also reads: “If I play, I would ruin the stadium.” This is Nouri al-Maliki.

A few days ago, in conjunction with the spread of leaked recordings of the former Prime Minister and Secretary General of the Islamic Dawa Party, Nuri al-Maliki, I was in my brother’s shop this morning, so I asked him if he had heard and followed the spread of the recordings.

 My brother's answer was not as important as the words of the man who was sitting with us. A gentleman of middle age, dignified and elegant, in traditional attire. He lives in an area on the outskirts of the city.

This area is called "Agail Village", the majority of which owes allegiance to Nuri al-Maliki. He said: “May God give Abu Sirwa - that is, Nuri al-Maliki, and give us a long life and guard him, our spoiled Jane. He gives us the salaries of God’s bounties, risk allowances, incentives, and rewards.”

He added: “This is a man who has been covered by Al-Kazemi, dry and dry, and we have not seen anything.” The most frightening point he uttered: “My uncle, from the latter, we are people who are not patriots, we want people to give us money, fill us with bread, and paint our roofs. We do not want patriotism or their slogans.”

ID card

Nouri Kamel Muhammad Hassan Abu Al-Mahasin Al-Maliki, born in 1950. His birthplace is in Al-Hindiya - Tuwairej District of Al-Hilla Governorate.

His grandfather Abu al-Mahasin is one of the leaders of the Twentieth Revolution. Nouri al-Maliki joined the Islamic Dawa Party in 1970. He obtained a bachelor's degree from the College of Fundamentals of Religion in Baghdad and a master's degree in Arabic from Salah al-Din University.

In 1980, the tyrant Saddam Hussein issued a decision banning the activity of the "Dawa Party", so its members were threatened with death, which prompted al-Maliki and a number of his party members to flee outside the country. He remained there until the US invasion of Iraq. He was appointed prime minister for two consecutive terms, 2006-2014.

A year of major transformations

Since he became prime minister, violence, kidnappings and killings have escalated, sectarianism and its rhetoric have spread, and the identity and booby-traps that have swept the capital, Baghdad, have emerged, as were the rest of the provinces that had their share of blood.

And when the Iraqi forces clashed with the Mahdi Army militias in the plan to impose the law launched by Nuri al-Maliki, the battle was not between the authority and the outlaws, but rather a battle to impose al-Maliki's power and image, not to impose security.

He clashed with them because they were outside his authority, not the Iraqi authority. This is clearly evident, with the creation of the personality of Qais al-Khazali and his provision of money, weapons and legal cover.

This reinforces the image of the Asa’ib Ahl al-Haq militia, which was created by Nouri al-Maliki, and the killing, intimidation, looting and “suctioning” of the country's money it caused. In those years, whoever held the identity of affiliation with “Asa’ib Ahl al-Haq” could play as he wanted with the security, the people, the state and its institutions.

Al-Maliki filled prisons with followers of the Sadrist movement on the pretext of violating the law, with the incident of the Suq al-Shuyukh district - Dhi Qar, and at the same time he established his gang led by Qais al-Khazali. People lined up with al-Maliki, his image shone and his popularity expanded, because he put an end to the crimes of the Mahdi Army militia, under the slogan: The enemy of my enemy is my friend.

In addition, his success in reviving the abhorrent sectarian discourse, mobilizing the masses, sectarianizing government institutions and filling them with elements that praise Maliki and submit to him in obedience.

Complete disasters and setbacks

The second government of Nouri al-Maliki came based on circumventing the Iraqi constitution, which is full of loopholes. It was an illegitimate government, because the Iraqi List, the party made up of multiple Sunni, Shiite and Kurdish forces led by former Prime Minister Iyad Allawi, obtained at the time two and a half million votes in the 2010 elections, and won 91 parliamentary seats in Parliament, which is the highest share compared to the rest powers. And it was, that is, the Iraqi List, who would assume the tasks of forming a government.

But Nuri al-Maliki had another opinion. The sectarian “hormone” escalated again at that critical stage for the Shiite forces after the Iraqi List topped the list with the highest votes and seats, which made al-Maliki ally within the Iraqi National Coalition with his rivals such as Muqtada al-Sadr, led by the Ahrar bloc, and Ammar al-Hakim, led by the Islamic Supreme Council, in order to miss the opportunity for the Sunni forces.

And not to leave the affairs of the country in their hands, because his character is infused with blatant sectarianism and no one else is allowed to assume the leadership of the country. In addition, al-Maliki did not satiate the crimes of his gang led by Qais al-Khazali.

Rather, he sought - with Iranian leaders such as Qassem Soleimani - to create other militias, such as the "Hezbollah Brigades", "Harakat al-Nujaba", "Imam Ali Brigades", "Saraya al-Khorasani" and "Quarter of God". The irony is that Qais al-Khazali and the rest of the militia leaders were in the past under the cloak of Muqtada al-Sadr and among his men and followers.

These militias gradually took control of outlets, key positions, and influential administrations. Then it was the mobilization of institutions with “mobs, savages and failures” and the manufacture of pawns that secure the consolidation of the owner of grace and credit over them. This is well-known: the followers of al-Maliki enjoy bounties, opportunities, and jobs.

They don't care who gives them, but the bids themselves. During 8 years, the country's resources and people were exhausted, not one year was without protests against the policies of his state. But he was skilled in silencing mouths and breaking up sit-ins by force, arrests, killings, and the disappearance of young people.

The last thing that Nuri al-Maliki concluded his reign with: handing over the provinces to ISIS forces, leaving thousands of beleaguered youths in the “Speicher” base a prey in the face of death, displacing thousands of families from their areas and razing them, and making thousands of people absent. But he was skilled in silencing mouths and breaking up sit-ins by force, arrests, killings, and the disappearance of young people.

The last thing that Nuri al-Maliki concluded his reign with: handing over the provinces to ISIS forces, leaving thousands of beleaguered youths in the “Speicher” base a prey in the face of death, displacing thousands of families from their areas and razing them, and making thousands of people absent. But he was skilled in silencing mouths and breaking up sit-ins by force, arrests, killings, and the disappearance of young people.

The last thing that Nuri al-Maliki concluded his reign with: handing over the provinces to ISIS forces, leaving thousands of beleaguered youths in the “Speicher” base a prey in the face of death, displacing thousands of families from their areas and razing them, and making thousands of people absent.

During his rule, Iraq's general budget totaled about 700 billion dollars. With Haider al-Abadi taking over as prime minister, he found nothing but crumbs in the state treasury, and his government was at the time facing an unknown war.

Al-Maliki's audience

It is common knowledge that the clans and many of the forces affiliated with them follow and praise Maliki. Maliki supported the tribes and provided them with weapons and money, so the tribe's authority overran the Iraqi street, social, political, and security life. In addition to these, there is the large audience of the “Islamic Dawa Party” whose roots are firmly rooted in Iraqi society, especially since Al-Maliki is one of the party’s leaders and responsible for the organizations inside Iraq. During his time in Syria and Iran in the eighties, his masses penetrated the joints of the state and its institutions.

But the loyalty of those masses is questionable. Thus, al-Maliki’s image gradually disappeared and faded after the brightness of the leaders of the Shiite factions, led by Abu Mahdi al-Muhandis, and the commander of the “Quds Force” Qassem Soleimani during the war against ISIS.

In the early days of the start of the Iraqi October protests, a group of his fans came out after his calls to demonstrate. Only dozens of people came out. Tishreen youths mocked them, because of Maliki's weak ability to mobilize, but he wanted his image and name to return to the squares, the media, and daily circulation in the Iraqi street, and the result was that he turned into a joke.

Before and after leaks

With the killing of Abu Mahdi al-Muhandis and Qassem Soleimani, the militias loyal to Iran broke up and their power declined, as the mastermind, thinker and planner were absent from them. Disagreements occurred between the militia leaders, because the new face, General in the Iranian Revolutionary Guards, Esmail Qaani, Soleimani's heir, does not have Soleimani's authority over the armed factions.

Al-Maliki's image returned to the scene with the absence of Qassem Soleimani. The "Frame" alliance was formed by the inclusion of Shiite factions and forces against the government of Al-Kazemi and Muqtada Al-Sadr.

Al-Maliki's leadership resurfaced, but this time he did not succeed in gaining the sympathy of the people, as evidenced by the recent elections and the percentage of votes he obtained and parliamentary seats in Parliament, compared to what he was in before the October protests.

In the leaked recordings of Maliki, he explained his relationship with Iran and the Iranian Revolutionary Guard. He described the Popular Mobilization and its leaders as a “nation of cowards” and described the Shiite community as “villain.” He disclosed the most important vocabulary in which he lived and lived: hatred and resentment from the Sunni sect.

“What We Give It to” is one of his most important slogans that he professed, which is that he does not want others to share power, i.e. the rest of the sects: they have to submit and submit to what his soul desires, the crisis, the hedonistic that stirs up strife and conflicts and threatens people’s security and community peace.

But beyond his words, weakness, weakness, and confusion: He wants to take refuge in the clans, after providing them with weapons and readiness for his call, intending to arm mercenaries to protect him from any looming danger. This is after the factions were glorifying Him, and after the Iraqi military force, the “Golden Division,” was called al-Maliki’s Army.

In his last appearance, after audio leaks, and after Muqtada al-Sadr's supporters entered the Green Zone for the first time a few days ago, al-Maliki went out on the streets of "Green" accompanied by armed men carrying an automatic machine gun.

The picture says: This is the man of law and the state, the leader of the rule of law and the general secretary of the “Islamic Dawa Party.” He appeared scrawny and funny.

He appeared as a roaming gang leader with a gun. The image also reads: “If I play, I would ruin the stadium.”

This is Nouri al-Maliki.   LINK

http://www.sotaliraq.com/2022/08/05/%d9%84%d9%85%d9%86-%d9%84%d8%a7-%d9%8a%d8%b9%d8%b1%d9%81%d9%88%d9%86%d9%87-%d8%a8%d8%b9%d8%af-%d9%87%d8%b0%d8%a7-%d9%87%d9%88-%d9%86%d9%88%d8%b1%d9%8a-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%83%d9%8a

Late Saturday Evening Iraq Parliament News Highlights 8-6-22

Late Saturday Evening Iraq Parliament News Highlights 8-6-22

Iraq's delegate to the United Nations: We are following up on the file of forming an international committee to look into the Turkish bombing

Posted On2022-08-06 By Sotaliraq    Today, Friday, the Permanent Representative of the Republic of Iraq to the United Nations, Muhammad Hussein Bahr Al-Uloum, confirmed that Iraq is following up on the file of forming an international committee to be informed of the Turkish bombing of Dohuk and pressure towards its formation.

Bahr Al-Uloum from New York said in an interview that "Iraq's sovereignty is not allowed to be violated by Turkey or others," noting that "the minister requested the formation of an international committee to review the bombing and visit the place."

He added that "Iraq is following up on the matter and pushing for the formation of the committee," noting that "Iraq made it clear to the United Nations not to make the land of Iraq an arena for settling accounts," noting that "Iraq asked the Security Council for a resolution that includes stopping the Turkish attacks on the country and withdrawing its forces."

Bahr Al-Uloum indicated that “the targeting of the village of Sakiri in the Amadiya district of Dohuk is nothing but a series of attacks, and the matter in general is being followed up with the Security Council to obtain a resolution obligating the Turks to stop the continuous bombing,” stressing that “Iraq has informed the United Nations of its unwillingness to escalate.”

Disclaimer: All published articles represent the opinion of its authors only   LINK

Al-Halbousi: The Will Of The Masses Cannot Be Overlooked By Early Elections Called By Al-Sadr

Posted On2022-08-05 By Sotaliraq   Al-Halbousi: The will of the masses cannot be overlooked by early elections called by al-Sadr 61843d9d4c59b74f97791dfbParliament Speaker: The will of the masses in early elections called for by His Eminence Sayyid Muqtada al-Sadr can not be neglected in any way    LINK

Can The Caretaker Government Hold Elections? .. A Legal Expert Clarifies

Posted On2022-08-05 By Sotaliraq    Legal expert Ali Al-Tamimi confirmed, on Thursday, that the government of Prime Minister Mustafa Al-Kazemi, which is the caretaker government, can hold the new parliamentary elections, and there is no legal or constitutional impediment to that.

Al-Tamimi explained that “the dissolution of the House of Representatives is through two methods, the first method is to submit a request by a third of the members of Parliament and be voted on by an absolute majority, and the second method is that there is a request from the Prime Minister and with the approval of the President of the Republic, and Parliament also votes on it.”

Al-Tamimi pointed out that "the daily caretaker government cannot submit such a request because it was not elected by the same parliament, and therefore the first method is the only way available to dissolve the parliament."

A leader in the Sadrist movement said Thursday that the government of Prime Minister Mustafa Al-Kazemi will remain for the coming period, and it will hold the new early parliamentary elections. Called by the movement's leader Muqtada al-Sadr.

The head of the Popular Mobilization Authority and one of the leaders of the Shiite (coordinating framework), Faleh al-Fayyad, indicated, on Thursday, that the rerun of the parliamentary elections is no longer an issue specific to the Sadrist movement.

Noting, "The current government is a caretaker government, and the re-election is not within the powers of the caretaker government."

This and in accordance with Article 64 of the Iraqi constitution, first: The Council of Representatives is dissolved, by an absolute majority of its members, at the request of one-third of its members, or at the request of the Prime Minister and with the approval of the President of the Republic, and the Council may not be dissolved during the period of questioning the Prime Minister .

According to the second of the same article, the President of the Republic, upon dissolving the House of Representatives, calls for general elections in the country within a maximum period of sixty days from the date of the dissolution, and the Council of Ministers in this case is considered resigned and continues to conduct daily affairs. LINK

An Analysis That Raises Speculation About Al-Sadr's Motives And The Future Of The Political Process In Iraq

Posted On2022-08-05 By Sotaliraq   Al-Sadr's supporters stormed parliament twice in less than a week, and started a sit-in inside it

An analysis by the Washington Institute of Peace concluded that Iraq's stability is at stake in the midst of the current political crisis, which calls for a serious stance from the country's leaders and the international community alike to confront the crisis.

The  analysis , which was written by the director of Middle East programs at the Institute Sarhang Hama Saeed, found that Iraqis have different views on what Muqtada al-Sadr's goals and tactics are, noting that a large segment of the public views him as the agent of change required amid the failures of the political system in Iraq.

Last June, the Sadrist movement's 73 deputies resigned from parliament, after they held, as a bloc, the largest number of seats in it.

Al-Sadr, who has a wide popular base, showed that he is still able to mobilize the masses for his political goals, after his supporters stormed Parliament twice in less than a week, and began a sit-in, rejecting the nomination of Muhammad Shia Al-Sudani by the Iranian-backed coordination framework, to take over the prime minister.

What Does The Chest Want?

The writer says that there is a lot of speculation about al-Sadr's motives, including whether he was frustrated by the prolonged political stalemate and was preparing to resign from politics? Or did he abandon the political system and plans to confront the political class from the outside?

The writer also asks: “Was Al-Sadr’s life threatened by Iran because he aimed to exclude its allies from being part of the government?

Sadr's opponents thought that they had succeeded in thwarting him to the point of withdrawing from the political process and soon replaced his deputies, most of whom were members of their own, according to the writer.

He added that the coordinating framework and others believed that the path to forming a government had been paved, and that the leader of the State of Law coalition, Nuri al-Maliki, was looking forward to setting himself up for a third term in the prime ministership or choosing a prime minister from his close circle.

The writer believes that Al-Sadr's withdrawal from Parliament has put the current Prime Minister Mustafa Al-Kazemi, his government, and Al-Sadr's political and parliamentary partners in a very difficult position.

Many of his opponents also believed that al-Sadr had lost a large number of his constituents, frustrated by his inability to form a government.

On the other hand, the writer indicates that many will not support any attempt to overthrow the regime and ignite a civil war between the Shiites, and neither will the Iraqi Shiite religious establishment in Najaf nor the international community support such a step, and also Iran will oppose the exclusion of its allies from power and the occurrence of any Shiite-Shiite fighting.

The writer continues that Sadr's opponents believe that Russia's war on Ukraine has changed many things, and that the United States and Europe need Iraq's oil.

With the production capacity of the Gulf states at its maximum, Iraq could compensate and produce more, so Sadr's opponents believed that Washington and Europe would accept a government formed by the coordination framework in the hope that it would prioritize oil production over reform and other governance issues.

It is clear that this turn of events has already shown that much of the thinking of Sadr's opponents did not work, according to the writer who noted that his call for Friday prayers in the scorching summer heat in Baghdad with tens of thousands of people responding showed that Sadr's support remains strong.

It shows that the seizure of the parliament building and other facilities in the Green Zone in the past few days and the invitation of other political parties, clan leaders and the Iraqi people to join what he called a “spontaneous peaceful revolution” clearly indicate that al-Sadr is keen to achieve his declared political goals to change the political system and fight corruption.

The writer asserts that his opponents now believe that he is truly headed toward the ultimate goal of placing political, economic, religious, and social power above everyone else.

The Role Of The United States

Hama Saeed says that there are contradictory perceptions in Iraq about the role of the United States, including that the prevailing thinking is that no prime minister will be appointed or can succeed if the United States and Iran do not agree to him.

At the same time, many political actors believe that the role and influence of the United States has diminished significantly in Iraq.

On the other hand, the writer points out that despite the tense relations between Al-Sadr and the United States in the past, some believe that Washington preferred Al-Sadr's formation of a government in order to strengthen Iraq in the face of Iran and its allies.

The author adds that the United States has an interest in a democratic, stable, and sovereign Iraq, and thus can work with its allies across the Iraqi political spectrum along with its European allies and the United Nations to encourage and support dialogue among the various actors to prevent violence, break political deadlock, and enable effective governance.

Where Is Iraq Heading?

The writer says that despite the many changes in Iraq, the main problem remains, which is an imbalance of power, unwillingness to accept the other, and limited efforts to implement what has already been agreed upon.

He continues that the political class is separated from the suffering of the public and behaves indifferently, while Iran, Turkey and other countries enjoy the influence of a strong competitor in Iraq, and the current crisis gives a greater opportunity to expand this influence, adding that internal problems provide space for others to exercise their influence.

Iraq's problems can be solved or mitigated if Iraqis work better with each other, according to the author, who believes that Iraq remains important to the stability of the region and the national security interests of regional and global powers.

He continues that the country possesses many elements needed for positive change, but still lacks a catalyst to harness these elements.

He adds that there are efforts to break the current political crisis, but the deep political impasse in Iraq will not be moved any time soon.

The writer concludes by saying, “Real change can happen if the political process becomes more expressive of the will of Iraqis, more than 60 percent of whom did not vote in the 2021 elections and did not agree with the political class.”    LINK

Iraq And Iran Discuss Developments In Regional And International Issues

During a telephone conversation with his Iranian counterpart, Foreign Minister Fouad Hussein discussed some bilateral, regional and international issues.

Mehr News Agency reported that Abdullahian asked Fuad Hussein for help regarding the fate of an Iranian citizen who was arrested in Saudi Arabia while performing the Hajj, and demanded that he be informed of a message for his release.

The two sides discussed the issue of opening the Kile crossing for travelers, and the latest developments in the ongoing negotiations in Vienna.  LINK

Important Statement For The Coordination Framework

The coordinating framework defined its position on the early elections called for by the leader of the Sadrist movement, Muqtada al-Sadr.

Al-Attar said in a statement that it affirms its support for any constitutional path to address political crises and achieve the interests of the people, including early elections after achieving national consensus around them and providing a safe environment for conducting them.   LINK

Al-Monitor International: Al-Sadr's Relationship With Iran Is More Flexible And Pragmatic Than What Is Said

Baghdad/The Obelisk: A report by Al-Monitor International newspaper, Saturday, August 6, 2022, linked the meeting of the parties to the Joint Comprehensive Plan of Action (JCPOA) in Vienna for the first time in nearly six months, and between many events in the Middle East and the role of Iran in it.

The report considered that Iraq is the most sensitive flashpoint for the fighting between the United States and Iran since the overthrow of Saddam Hussein in 2003, considering that Iran is watching the volatile and unstable situation, as it weighs its next moves and the fate of the Vienna talks.

The Iraqi political crisis is between the Shiite parties, and the powerful forces of power that support Iran - according to the description of the report - most notably former Prime Minister Nuri al-Maliki and the leader of the Badr Organization Hadi al-Amiri, in addition to other individuals and groups.

The report states that the commander of the Quds Force of the Iranian Revolutionary Guard, Ismail Qaani, was in Baghdad at the outbreak of the crisis, but his mission focused on mediation, not reaction, while the demonstrations between Sadr's supporters and the tire were noisy, but mostly peaceful.

The report considered that the current situation is fraught with danger, and could extend to the Kurdish and Sunni areas.

The report indicates that Iraqi and international parties support the proposal of Prime Minister Mustafa Al-Kazemi and the Speaker of Parliament to launch dialogue and calm tensions.

The report believes that Iran's interest in Iraq is for the Shiite parties to remain united, but al-Sadr has made it more difficult.

While al-Sadr is not Iran's preferred partner in Iraq, the relationship is more fluid and pragmatic than is often said.

The report concluded by saying that if there is reconciliation between the Shiites, the deal will eventually take place between Sadr and Tehran.    https://almasalah.com/archives/9103

Al-Saadi Calls For Getting Rid Of Old Faces Before Holding Early Elections

A member of the Sadrist movement, Sabah Al-Saadi, called for getting rid of the old faces through a peaceful revolutionary democratic process first before holding early elections.

Al-Saadi said in a tweet on Twitter, that talking about holding early elections is a shorthand for the reform steps proposed by Muqtada al-Sadr, adding that talking about early elections is early, because he jumped on the first stage of the stages mentioned by al-Sadr, which is the most important, ending the existence of old faces. Through a peaceful revolutionary democratic process first.   LINK

Al-Amiri Waits.. And The Leaders Of The Movement: There Is No Meeting Until After These Conditions

Shafaq News/ Several sources reported on Friday, that there is no meeting in the coming hours that brings together the leader in the coordination framework Hadi Al-Amiri and the leader of the Sadrist movement Muqtada Al-Sadr.

A leading source in the Sadrist movement told Shafak News Agency; "The head of the Al-Fateh Alliance, Hadi al-Amiri, told some figures in the Sadrist movement that he would like to meet the leader of the movement, Muqtada al-Sadr, as soon as possible."

The source added; "These figures informed Al-Amiri that there is no dialogue that brings Al-Sadr together with the leadership of the framework unless the leadership of the coordination framework relinquishes the nomination of party figures, and actually agrees to hold early elections, as the Iraqi people and the sit-in aspire for it."

However, a source in the coordination framework told Shafak News Agency; That "Tritha occurred during the visit of Al-Amiri to Al-Hanana until the coordination framework was informed of the details of what Plasschaert discussed with Al-Sadr in today's meeting."

An informed political source revealed, earlier on Friday, that the leader of the Al-Fateh Alliance and the leader in the coordination framework, Hadi Al-Amiri, intends to visit the leader of the Sadrist movement, Muqtada Al-Sadr, at the latter's headquarters in Al-Hanana in the city of Najaf, in the coming hours.

The United Nations envoy to Iraq, Jeanine Plasschaert, confirmed earlier on Friday that her meeting with the leader of the Sadrist movement, Muqtada al-Sadr, was positive.

"The meeting that brought her together with Al-Sadr witnessed the importance of finding a solution to the current political crisis," Plasschaert said, during a press conference, followed by Shafak News Agency.

In her response to whether there was an important message from al-Sadr, or signs of a political initiative, Plasschaert emphasized, "Al-Sadr will say what he has later."

On Friday morning, Plasschaert arrived in Najaf on an "unannounced" visit, during which she met al-Sadr at his residence in Hananah.     LINK

Watch the moment Mr. Muqtada al-Sadr arrived at Mr. Sistani's house in Najaf

Watch the moment the leader of the Sadrist movement, Muqtada al-Sadr, arrived at the house of Grand Ayatollah Sistani in Najaf   LINK

Close To Al-Sadr: The Visit Of The Leader Of The Sadrist Movement To The Grand Ayatollah Sistani Cam

Article at link   https://baghdadtoday.news/ar/news/197239/A

Some "Sunday News" Posted by Samson at KTFA 8-7-2022

KTFA:

Samson:  The International Development Bank joins the Federation of Emirates Banks in Dubai

7th August, 2022

A banking source revealed, on Sunday, that the International Development Bank of Iraq joined the Federation of Emirates Banks in Dubai

The source told "Economy News" that "the International Development Bank opened a branch in the emirate of Dubai, UAE," noting that "the bank joined the Federation of Emirates Banks

He added, "The bank will facilitate trade and banking exchange between Iraq and the UAE, as well as provide various banking services and establish activities related to the banking sector between the two countries  LINK

Samson:  The Chinese "Petrojaina" threatens to leave southern Iraq due to the demonstrations .. Video

7th August, 2022

Today, Sunday, the Chinese "Petrogyna" company threatened to withdraw from Maysan Governorate, southern Iraq, if the demonstrations continued from the surrounding areas, threatening the safety and security of its cadres, noting that the demands of the demonstrators are not within its competence.

An informed source told Shafaq News Agency, "The company's management threatened to stop its work in Maysan and withdraw from the province and go to another province, or withdraw completely outside Iraq, because of the protesters' threat to the security and safety of its cadres." 

And the source indicated, "The company's withdrawal means Iraq losing 500,000 barrels of production per day from the Maysan oil fields, as well as losing more than 5,000 people working in it and turning them into unemployed."

The source continued, "The protesters from the residents of Al-Kahla are demanding the company's management to provide them with electricity and drinking water, which is not within its competence," pointing out that "releasing job grades in excess of what was employed earlier are matters that the company rejected completely."

A video clip published below by Shafaq News Agency showed dozens of protesters attempting to storm the company's headquarters in Maysan Governorate, while the security forces responded with bullets in the air to disperse the protesters.

This morning, the security forces closed the "Ali Al-Zaki" bridge in the Al-Kahla district of Maysan province, the bridge leading to the Chinese company, to prevent the demonstrators from reaching the company.

VIDEO LINK   LINK

*************

Samson:  Economist: $15 billion loss for Iraq from changing the exchange rate and storing hard currency

08/07/2022 18:27:19

The economic expert Duraid Al-Enezi explained, on Sunday, that Iraq's loss from changing the exchange rate and storing hard currency amounted to 15 billion dollars.

Al-Enezi said in an exclusive interview with {Euphrates News} that “the central bank storing any currency or metal leads to loss, because the dollar and the euro are exposed to material losses while gold prices are witnessing fluctuations, as well as fluctuations in oil prices, so that is the best solution to maintain the cash surplus. The current oil revenues are being thrown into investment projects, because storage in all cases is subject to a rise and a fall.

And he added, "Iraq lost, from the first days of the oil price hike, about 15 billion dollars, as a result of storing hard currency from the dollar and not benefiting from it." 

It is reported that the Central Bank of Iraq decided on January 19, 2021 to make a significant change in the dollar exchange rate, as follows:

1450 dinars per dollar, the purchase price of foreign currency from the Ministry of Finance.

1460 dinars per dollar, the price of selling foreign currency to banks.

1470 dinars per dollar, the price of selling foreign currency to the public.

The Central Bank's decision caused a rise in prices for foodstuffs, consumer goods and commodities, which negatively impacted the standard of living of citizens and exacerbated unemployment.

Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, said on June 27 about the possibility of changing the dollar exchange rate: “Everything is possible, but we need patience in changing the dollar exchange rate in case prices rise and the financial policy is unable and monetary policy is able to cover the dinar.” To "the Food Security Law, if it is not able to secure the requirements in the event of high prices, the Central Bank will intervene to preserve the strength of the dinar against the dollar."  LINK

***************

Samson:  Dust storms cause Iraq to lose one trillion dinars this year

7th August, 2022

The Ministry of Environment revealed, on Sunday, that the number of days of dust storms that struck Iraq during the months of this year has reached 100 days, causing economic losses that "exceeded 10 billion dinars for each day."

The Minister of Environment, Jassem Al-Falahi, said that "the most prominent challenges facing the country are climate changes, which have become a major threat to the environmental reality, and among those changes are dust storms that were recorded during the past months of this year, which amounted to 100 days, causing economic losses of ten Billions of dinars for every stormy day.

Al-Falahi pointed to the importance of having future plans to exploit one billion dinars of those billions that are losing to create windbreaks, soil stabilizers and green belts, referring to drought, lack of water resources, decreasing rainfall rates, increasing land degradation and expanding desertification areas, challenges that threaten the country's food and environmental security.

According to the official "Al-Sabah" newspaper. He added, "The biggest challenge to climate change facing the country is the shortage of energy sources, which is linked to the abundance of water storage to operate the system of energy sources gates, as well as the increase in evaporation rates that led to the loss of about 25 to 30 percent of the country's water assets."

The Minister of Environment noted that “high temperatures require more use of energy sources, and therefore there must be a tendency to use renewable, clean and sustainable energies, which the Ministry seeks to achieve through coordination with the concerned authorities to approve the implementation of projects that reduce the use or waste of energy sources in the country.”  LINK

Samson:  Iraq achieves a major global leap in gold reserves

08/07/2022 09:35:49

 Iraq rose 10 ranks among the countries with the most gold in the world, according to the latest report of the World Gold Council, issued today, Sunday.

In its latest schedule for the month of August, the council said, "According to Iraq's large purchases of 34 tons, the latter rose ten ranks to rank 30 out of the 100 countries listed in the table with the largest gold reserves, reaching 130.4 tons of gold, which represents 11.5% of his other precautions. He explained that "Iraq has become the fourth largest Arab gold reserve after it was the sixth, surpassing Egypt and Libya, which ranked fifth and sixth, respectively."

He pointed out that "international central banks added 111.19 net tons to global gold reserves," noting that "the bulk of the rise resulted from purchases from Iraq (33.97 tons), while Turkey continued to buy by (26.60) tons, and Uzbekistan bought (26.44). tons, Kazakhstan (15.79) tons, and India (8.39) tons. He added that "Germany was the biggest seller this month, as it sold 3.36 tons of gold, followed by Mongolia (0.80) tons, followed by the UAE (0.27) tons.

Globally, the United States of America still leads the rest of the countries with the largest gold possession in the world, at 8,133 tons, followed by Germany, 3.355 tons, then Italy, 2,451 tons, while Laos ranked 100, with 0.9 tons, preceded by the Republic of Cape Verde with one ton.

On June 27, Iraq announced the purchase of new quantities of gold, amounting to approximately (34) tons, an increase of 35% over what was in its possession.  LINK

**************

Samson:  The central bank's prudential policy to face the global economic crisis

7th August, 2022 by Samir Al-Nusairi

The global economic system has been witnessing complex economic, financial and security crises for several months, the cumulative causes of which were concentrated in the rise in energy and food prices due to the Russian-Ukrainian war and the American and European sanctions on Russia, which led to confusion in the map of global trade in food and energy.

What we are following now is the rise in stagflation in most countries of the world, most notably in America and the European Union

Although Iraq may be benefiting from the rise in oil prices as it is the main resource for the country, and the map of its imports of grain and foodstuffs currently is from outside the area of ​​the military conflict and economic crisis, but our economy must suffer in the short term from the lack of control over food supplies and oil prices may drop and spread economic stagnation in the light of changing conditions and these effects will inevitably lead to a rise in the rate of inflation and a rise in the general level of prices

Since economic stability is achieved by stability in the financial system and the monetary system, so the hedging measures by the Central Bank, for what is expected of developments in the coming crises, were to rely mainly on building foreign reserves at a level that covers the local currency in circulation, imports, repayments of foreign debt and other international obligations

As well as working on diversifying the reserves to include a basket of currencies, gold, bonds and securities, and making the most of the rise in oil prices to increase the reserves to the maximum extent possible until the end of 2022

 And this is actually what the Central Bank has done during this period, as its foreign cash reserves amounted to more than 74 billion dollars and 130 tons of gold. The reserve is expected at the end of 2022 to reach $90 billion

This confirms that the Central Bank is proceeding at a steady pace to achieve the objectives of monetary policy in reducing inflation and controlling the general level of prices as well as controlling the money supply and maintaining the dinar exchange rate within the target price for the public and following up and analyzing the interest rate set by the Central Bank on an ongoing basis

This requires the financial policy and the main economic sectors and the ministries responsible for them must work jointly and in clear and specific coordination with the Central Bank administration to achieve economic stability and overcome the global economic crisis and limit its repercussions   LINK

"Tidbits From TNT" Sunday Morning 8-7-2022

TNT:

Haystack:  Remember, one day Kuwait said they would not revalue their currency and the very next day they did. So who knows what will happen in the middle east.

Grace Renewed:  So what’s going on that is a big plus for us?

KaseyKo1:  Grace, it looks like a sovereign acct is being setup thru the CBI for them to monitor & disperse funds for the Food Svc Law. I think it's a pretty important step in positioning the release of the RV.

DP2win:  A thought. Political maneuver. If parliament cannot be dissolved based on the constitution, can’t Kazimi stay in office indefinitely thereby creating a lifelong term & stability??  Then the cbi could revalue with said stability. It would still hurt Irans economy too.

Jambie67:  Just saw a great reminder that we should all be mindful of: “Never let what you want make you forget the things you have.”

Harambe:  Samsung to start producing semiconductor components in Vietnam | VnExpress International   (8/6/22)

Samsung is testing its ball grid array products and will mass produce them at the tech giant's factory in northern Thai Nguyen Province in July 2023.

Roh Tae-Moon, head of Samsung's key smartphone division, said this at a Friday meeting with Prime Minister Pham Minh Chinh.

On its homepage, Samsung has said that it is preparing trial production for semiconductor chip grid products and planning to open a research and development (R&D) center in Hanoi later this year or early next year.

The company said the R&D center was about 85% complete.

"Semiconductors would mark a third business for Samsung in Vietnam, where the company makes home appliances and half of its smartphones," according to Nikkei Asia.

In the first half of 2022, Samsung Vietnam’s export revenue was $34.3 billion, up 18% from the same period last year.

In February, Samsung announced an additional $920 million investment into its factory in Vietnam.

Before Samsung, Vietnam had Intel Products Vietnam (IPV), the largest assembly and testing plant in Intel's network. During the global chip crisis, IPV not only maintained stable operations, but also made a number of innovative contributions to help it fill the shortage in semiconductors. One of the key initiatives was to improve the substrate treatment process at the plant.

"Vietnam has the ability to establish the necessary infrastructure and policies needed to support cutting-edge manufacturing operations in the chip sector," Steve Long, general manager of Intel’s Asia-Pacific and Japan region, had said during an interview with VnExpress in May.

He said the stable socio-political environment, increasingly liberalized trade and investment policies, and a young and talented workforce were the reasons for foreign investors, especially large tech corporations, finding Vietnam an attractive destination.

Vietnam is home to 60 percent of Samsung’s total smartphone production.

Samsung, Vietnam’s biggest foreign direct investor, first invested $1.3 billion in its electro-mechanics unit in 2013. The unit produces main boards and other electronics components.

As of last year, the world's largest memory chip maker had invested $18 billion in Vietnam.

https://e.vnexpress.net/news/companies/samsung-to-start-producing-semiconductor-components-in-vietnam-4496755.html

************

Harambe:  Iraq ranked 34th among countries with largest gold reserves | Shafaq (8/6/22)

The Central Bank of Iraq was the largest purchaser of gold in June, adding 34t to its gold reserves, to become the 34th country with the largest gold reserves in the world.

This is Iraq’s first addition since September 2018 (7t) and lifts total gold reserves to 130t, 11% of total reserves.

Uzbekistan (9t), Turkey (8t), Kazakhstan (4t) and India (4t), all regular buyers, were the other significant purchases during the month. 

In all, central bank net purchases for Q2 stand at 180t, pushing the H1 total to 270t as reported in our recently published Gold Demand Trends. This is a continuation of the strong buying that we saw last year and we now expect full-year central bank demand for 2022 to be on a par with 2021 levels. 

The U.S. tops the list of the countries with the largest gold reserves with 8133t, followed by Germany 3355t, and Italy 2451t.

https://shafaq.com/en/Economy/Iraq-ranked-34th-among-countries-with-largest-gold-reserves

************

CandyKisses:  Al-Sadr: (Dissolving Parliament) has become a popular, political and elitist demand for which there is no alternative

Shafaq News/ On Saturday, the leader of the Sadrist movement, Muqtada al-Sadr, renewed his adherence to the demand to dissolve the Iraqi parliament and to hold early legislative elections in the country, stressing the continuation of the movement's supporters in continuing the protests until the demands he calls for are achieved.

Al-Sadr said in a tweet today, "Positive responses came regarding (dissolving Parliament) and a popular and clan response, from academics, civil society institutions, and preachers of the Husseini pulpit, and even from some scholars of the honorable seminary and from some Kurdish, Sunni and even Shiite political leaders."

Al-Sadr thanked those who supported the idea of ​​dissolving parliament, saying, "I call on them to take a serious stand to save Iraq from the tusks of corruption and dependency and to correct the course of the political process that harmed the people and the country."

He added, "So come to a common word and to serious and real actions, and let's move away from meager dialogues. Iraq needs actions, not words."

Al-Sadr also indicated that "the people yearn for real reform that will save them from the suffering they are in, for which patience is no longer commendable."

He said, "Let everyone know that the revolutionaries will continue their revolution until the demands are fulfilled and they will not give up at all. It is their only and last chance. So, beloved ones, continue until the demands are fulfilled, and I am with you, the proud people of oppression, like Imam Hussein."

The leader of the Sadrist movement continued by saying, "(Dissolving Parliament) has become a popular, political and elitist demand for which there is no alternative. Let all the corrupt mouths be silenced wherever they are."

Mot: ..... How Bout That! ~~~~~~

Mot:  .. oooooh Beeee Careful What Ye Asks Fer!! ~~~~ LOL 

Saturday Evening Iraq Economic News Highlights 8-6-22

Saturday Evening Iraq Economic News Highlights 8-6-22

Al-Kazemi’s Advisor Sets A Condition For The Establishment Of The Sovereign Fund[/Size]

Economie   14:05 - 08-06-2022  The financial advisor to the Prime Minister, Mazhar Muhammad Salih, set a condition for the establishment of the sovereign fund, while indicating the entity that can manage the fund.

Mazhar Muhammad Salih said, "The idea of ​​the Generation Fund stems from the text and spirit of Article 19 of the Federal Financial Management Law No. 6 of 2019, which provided for the establishment of a (sovereign fund) in which financial savings are deposited after covering the expenses approved in the annual federal budget law, including This includes covering the hypothetical or planned deficit in the annual general budget estimates in question.

He added that "the Sovereign Fund or the Generations Fund requires the availability of a law for the federal general budget for the year 2022 to be defined and set the rules and mechanisms for the fund's work at the end of the current fiscal year, especially after the Central Bank of Iraq expressed its willingness to manage the fund based on its law as the state bank and its financial agent in Managing all its financial investments.

He continued, "However, this does not prevent the Ministry of Finance from preparing to draw up a program for managing the sovereign fund or the Generations Fund, and setting its investment objectives to serve development and economic progress in our country."

He pointed out that "the financial savings achieved outside the Emergency Law for Food Security and Development No. 2 of 2022 and the applications of Article 13 of the Financial Management Law No. 6 of 2019 amended regarding the restriction of exchange at 1/12 of the total actual current spending for the year 2021, are still managed as reserve financial savings. By the Central Bank of Iraq (the financial agent of the state) and according to the best applications available globally in the management of safe short-term financial investments.

Saleh stressed that "the Sovereign Fund or the Generations Fund, when established, remains attached to a precondition, which is the existence of a law for the general budget, and otherwise, the financial savings achieved will remain in part in the hedge account referred to in the first articles of the current Emergency Food Security Law No. 2 of 2022 until now. The end of the 2022 fiscal year, in the event that a budget law is not issued.

He continued, by saying: "Any savings outside the expenses of the two laws above will be partly spent within the opening balance of the next fiscal year 2023, and the other part will remain a financial reserve for the government pending the enactment of a budget law for the year 2023, so that the Generation Fund or the Sovereign Fund can be implemented, due to the legal linkage between the Sovereign Fund. The availability of surplus funds through an approved annual budget and legally committed to its provisions. https://kirkuktv.net/AR/Details/8053

Al-Kazemi’s Advisor Sets A Condition For The Establishment Of The Sovereign Fund

Money and business  Economy News / Baghdad   Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set a condition for the establishment of the sovereign fund, while referring to the entity that can manage the fund .

Saleh told the Iraqi News Agency, "The idea of ​​the Generation Fund stems from the text and spirit of Article 19 of the amended Federal Financial Management Law No. 6 of 2019, which stipulated the establishment  of a sovereign fund in which financial savings would be deposited after covering the expenses approved in the annual federal budget law, including Covering the hypothetical or planned deficit in the annual general budget estimates that are the subject of the research .

He added, "The Sovereign Fund or the Generations Fund requires the availability of a law for the federal general budget for the year 2022 to be defined and set the rules and mechanisms for the fund's work at the end of the current fiscal year, especially after the Central Bank of Iraq expressed its willingness to manage the fund based on its law as being the state bank and its financial agent. managing all its financial investments .

He continued, "However, this does not prevent the Ministry of Finance from preparing to draw up a program for managing the Sovereign Fund or the Generations Fund, and setting its investment objectives to serve development and economic progress in our country ."

He pointed out that "the financial savings achieved outside the Emergency Law for Food Security and Development No. 2 of 2022 and the applications of Article 13 of the Financial Management Law No. 6 of 2019 amended regarding the restriction of exchange at 1/12 of the total actual current spending for the year 2021, are still managed as reserve financial savings. By the Central Bank of Iraq (the financial agent of the state) and according to the best applications available globally in managing safe short-term financial investments .

Saleh stressed that "the Sovereign Fund or the Generations Fund, when established, remains attached to a prerequisite, which is the existence of a general budget law, and otherwise, the financial savings achieved will remain in part in the hedge account referred to in the first articles of the current Emergency Food Security Law No. 2 of 2022 until the current date. The end of the 2022 fiscal year, in the event that a budget law is not issued .

He continued by saying: "Any savings outside the expenses of the two laws above will be partly spent within the opening balance of the next fiscal year 2023, and the other part will remain a financial reserve for the government pending the enactment of a budget law for the year 2023, in order for the Generation Fund or the Sovereign Fund to work, due to the legal connection between the Sovereign Fund and the availability of Surplus funds through an approved annual budget and legally bound by its provisions .

18 . views   Added 08/06/2022 - 2:36 PM   Update 08/06/2022 - 3:13 PM

https://economy-news.net/content.php?id=29178

Al-Kazemi’s Advisor: The Generations Fund Requires A Budget Law For The Year 2022

Baghdad / Obelisk: The financial advisor to the Prime Minister, Mazhar Muhammad Salih, set, on Saturday, August 6, 2022, a condition for the establishment of the Sovereign Fund, while indicating who can manage the fund.

Saleh said in a statement followed by the obelisk, that "the idea of ​​the Generation Fund stems from the text and spirit of Article 19 of the Federal Financial Management Law No. 6 of 2019, which provided for the establishment of a (sovereign fund) in which financial savings are deposited after covering the expenses approved in the Federal General Budget Law. The annual budget, including the coverage of the hypothetical or planned deficit in the annual general budget estimates, the subject of the study.

He added that "the Sovereign Fund or the Generations Fund requires the availability of a law for the federal general budget for the year 2022 to be defined and set the rules and mechanisms for the fund's work at the end of the current fiscal year, especially after the Central Bank of Iraq expressed its willingness to manage the fund based on its law as the state bank and its financial agent in Managing all its financial investments.

He added, however, that this does not prevent the Ministry of Finance from preparing to draw up a program for managing the Sovereign Fund or the Generations Fund, and setting its investment objectives to serve development and economic progress in our country.

He pointed out that “the financial savings achieved outside the Emergency Food Security and Development Law No. 2 of 2022 and the applications of Article 13 of the Financial Management Law No. 6 of 2019 amended regarding the restriction of exchange at 1/12 of the total actual current spending for the year 2021, are still managed as reserve financial savings. By the Central Bank of Iraq (the financial agent of the state) and according to the best applications available globally in managing safe short-term financial investments.

Saleh stressed that “the Sovereign Fund or the Generations Fund, when established, remains attached to a prerequisite, which is the existence of a law for the general budget, and otherwise, the financial savings achieved will remain in part in the hedge account referred to in the first articles of the current Emergency Food Security Law No. 2 of 2022 until the current date. The end of the 2022 fiscal year, in the event that a budget law is not issued.”

He added, “Any savings outside the expenses of the two laws above will be partially spent within the opening balance for the next fiscal year 2023, and the other part will remain a financial reserve for the government pending the legislation of a budget law for the year 2023, so that the Generations Fund or the Sovereign Fund can work, due to the legal connection between the Sovereign Fund and the availability of surplus funds.” Through an approved annual budget and legally committed to its provisions.

https://almasalah.com/archives/9086

Dust Storms Cause Iraq To Lose One Trillion Dinars This Year

Economie| 09:07 - 07/08/2022  Baghdad - Mawazine News   The Ministry of Environment revealed, on Sunday, that the number of days of dust storms that struck Iraq during the months of this year has reached 100 days, causing economic losses that "exceeded 10 billion dinars for each day."

The Minister of Environment, Jassem Al-Falahi, said, "The most prominent challenges facing the country are climate changes, which have become a major threat to the environmental reality, and among those changes are dust storms that were recorded during the past months of this year, which amounted to 100 days, causing economic losses of ten Billions of dinars for every stormy day.

Al-Falahi pointed to the importance of having future plans to exploit one billion dinars of those billions that are losing to create windbreaks, soil stabilizers and green belts, referring to drought, lack of water resources, decreasing rainfall rates, increasing land degradation and expanding desertification areas, challenges that threaten the country's food and environmental security. According to the official "Al-Sabah" newspaper.

He added, "The biggest challenge to climate changes facing the country is the shortage of energy sources, which is linked to the abundance of water storage to operate the system of energy sources gates, as well as the increase in evaporation rates that led to the loss of about 25 to 30 percent of the country's water assets."

The Minister of Environment noted that “high temperatures require more use of energy sources, and therefore there must be a tendency to use renewable, clean and sustainable energies, which the Ministry seeks to achieve through coordination with the concerned authorities to approve the implementation of projects that reduce the use or waste of energy sources in the country.” ".    https://www.mawazin.net/Details.aspx?jimare=201712

Iraq Is The Third Largest Importer Of Iranian Non-Oil Goods

Economie | 05:18 - 06/08/2022  Baghdad - Mawazine News  The Iranian Customs Authority announced, on Saturday, that Iraq ranked third among the most importing countries of Iranian non-oil goods.

This came according to what was announced in a statement today by the spokesman for the Iranian Customs Authority, Ruhollah Latifi, who said that the country's non-oil trade touched $9 billion in the month of "Tir", the fourth month of the current Iranian fiscal year ending July 20, 2022

. According to the speaker, non-oil foreign trade recorded more than 10 million tons, about 9 billion dollars, between Iran and other countries, with a price increase of 19 percent and a quantitative decrease of 8 percent.

He also pointed out that Iranian non-oil exports in the mentioned month amounted to about 8 million tons, with a value of more than 4 billion countries, with a quantitative growth of 2 percent and a price of 24 percent.

Latifi added that Iran's imports exceeded 3 million tons by about 5 billion dollars, most of which included basic commodities, medicines and fodder, as they decreased in quantity by 26 percent and increased in price by 15 percent.

In this context, the customs spokesman referred to the five main markets for Iranian exports in the fourth month of the current fiscal year ending July 20, 2022, explaining that China imported about 1.5 billion dollars of goods, the UAE 619 million, Iraq 574 million, Turkey 323 million and India 143 million. dollar.

On the other hand, he stressed that the UAE exported goods to Iran with about 1.5 billion dollars, China more than 1 billion dollars, Turkey 514 million and India 347 million, while Russia ranked fifth in order instead of Germany by exporting 205 million dollars to the country. https://www.mawazin.net/Details.aspx?jimare=201665

Saturday Afternoon Iraq Parliament News Highlights 8-6-22

Saturday Afternoon Iraq Parliament News Highlights 8-6-22

An American Institute Draws Scenarios For The Political Crisis In Iraq: This Is How Change Takes Place

Policy    2022-08-06 | 02:40   10,915 views   The analysis stated that there is a lot of speculation about al-Sadr's motives, including: Was he frustrated by the prolonged political stalemate, and was he preparing to retire from politics? Or did he abandon the political system and plans to confront the political class from the outside?

He also asked: "Was Al-Sadr's life threatened by Iran because he aimed to exclude its allies from being part of the government? Al-Sadr's opponents thought that they had succeeded in thwarting him to the point of withdrawing from the political process and soon replaced his deputies, most of whom are members of their own deputies, according to the author's analysis.

He added that the coordinating framework and others believed that the path to forming the government had been paved, especially that the leader of the State of Law coalition, Nuri al-Maliki, was looking forward to setting himself up for a third term in the prime ministership or choosing a prime minister from his close circle.

He pointed out that al-Sadr's withdrawal from Parliament placed the current prime minister Mustafa Al-Kazemi His government and Sadr's political and parliamentary partners are in a very difficult position. He added that Sadr's opponents believe that Russia's war on Ukraine has changed many things, and that the United States and Europe need oil

Many of his opponents also believed that al-Sadr had lost a large number of his constituents, frustrated by his inability to form a government.

On the other hand, the analysis indicated that many will not support any attempt to overthrow the regime and ignite a civil war among the Shiites, and neither will the Iraqi Shiite religious establishment in Najaf nor the international community support such a step.

Iraq.

With the production capacity of the Gulf countries reaching the maximum, Iraq can compensate and produce more. Therefore, al-Sadr's opponents believed thatWashingtonEurope will accept a government formed by the coordination framework, in the hope that it will prioritize oil production over reform and other governance issues. Role

It is clear that this turn of events has already shown that much of the thinking of Sadr's opponents did not work, according to the analysis, which indicated that his call for Friday prayers in the scorching summer heat in Baghdad with tens of thousands of people responding, showed that Sadr's support remains strong.

He also indicated that the seizure of the parliament building and other facilities in the Green Zone in the past few days, and inviting other political parties, clan leaders and the Iraqi people to join what he called a "spontaneous peaceful revolution", clearly indicate that al-Sadr is keen to achieve his declared political goals to change the political system and fight corruption.

He asserted that his opponents now believed that he was truly headed toward the ultimate goal of placing political, economic, religious and social power above everyone else. 

Washington

analysis said; There are conflicting ideas about Iraq About the role of the United States, including that the prevailing thinking is that no prime minister will be appointed, or he can succeed if the United States and Iran do not agree to him.

At the same time, many political actors believe that the role and influence of the United States has been greatly diminished in Iraq.

On the other hand, the analysis pointed out that despite the tense relations between al-Sadr and the United States in the past, some believe that Washington Al-Sadr preferred the formation of a government in order to strengthen Iraq against Iran and its allies.

He also added that the United States has an interest in a democratic, stable, and sovereign Iraq, and thus can work with its allies across the Iraqi political spectrum along with its European allies and the United Nations, to encourage and support dialogue among the various actors to prevent violence, break the political deadlock, and enable effective governance.

Where Is Iraq Heading?

The analysis stated that despite the many changes in Iraq, the main problem remains, which is an imbalance of power, unwillingness to accept the other, and limited efforts to implement what has already been agreed upon.

He added that the political class is separated from the suffering of the public and behaves indifferently, while Iran, Turkey and other countries enjoy the influence of a strong competitor in Iraq, and the current crisis gives a greater opportunity to expand this influence, adding that internal problems provide space for others to exercise their influence.

According to the analysis, Iraq's problems can be solved or mitigated if the Iraqis work better with each other, as he saw that Iraq remains important to the stability of the region and the national security interests of regional and global powers.

He went on to say; The country possesses many elements needed for positive change, but still lacks a catalyst to harness these elements

. He added that there are efforts to break the current political crisis, but the deep political impasse in Iraq will not be moved any time soon.

He concluded by saying: "Real change can happen if the political process becomes more expressive of the will of Iraqis, more than 60 percent of whom did not vote in the 2021 elections, and did not agree with the political class."   LINK

Confirmation Of Alsumaria .. Disclosure Of A Surprise Regarding The Negotiations Between Al-Sadr And Al-Amiri

Policy   2022-08-05 | 09:06  Source:   Alsumaria news   28,703 views   Alsumaria News - Baghdad, Head of the Badr Parliamentary Bloc, MP Mahdi Taqi Al-Amerli, confirmed today, Friday, that negotiations and dialogues between the leader of the Sadrist movement Muqtada Al-Sadr and the head of the Al-Fateh Alliance Hadi Al-Amiri will start during the next few days.

Al-Amerli said in a statement received by Alsumaria News, "Al-Amiri has become the link of safety and the link between the Sadrist movement and the coordination framework," noting that "negotiations and dialogues between Al-Sadr and Al-Amiri will start during the next few days to find a formula for a solution to the current crisis."

This morning, a political source said that the leader of the Sadrist movement, Muqtada al-Sadr, will meet the head of the Fatah Alliance Hadi al-Amiri, and the head of the Ataa movement, Faleh al-Fayyad.

The source said in an interview with Alsumaria News, "Al-Amri and Al-Fayyad will be hosted this afternoon by Al-Sadr, in Al-Hanana in Najaf."

Earlier in the day, Al-Sadr received Representative, Jenin Plasschaert, and the latter said after the meeting, that she discussed the importance of finding a solution to the political crisis.    LINK

Al-Halbousi Expresses His Position On Al-Sadr's Call For Early Elections - Urgent

Policy  2022-08-05 | 06:50   Source:  Alsumaria news  15,179 views   Today, Friday, Parliament Speaker Muhammad al-Halbousi expressed his position on al-Sadr's call for early elections.

Al-Halbousi said in a tweet, which was followed by Alsumaria News, that "the House of Representatives is the representative of the people, and those masses that mobilized are part of his entity and conscience, and whose will in the early elections called for by Muqtada al-Sadr can not be neglected in any way."

He continued, "We support moving forward 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."   LINK

Setting A Date For Al-Sadr’s Meeting With Al-Amiri And Al-Fayyad

Policy   2022-08-05 | 06:22 Source:   Alsumaria news   10,533 views   Alsumaria News – Baghdad An informed source said today, Friday, that the leader of the Sadrist movement, Muqtada al-Sadr, will meet the head of the Al-Fateh Alliance Hadi al-Amiri, and the head of the Ataa movement, Faleh al-Fayyad.

The source said in an interview with Alsumaria News, "Al-Amri and Al-Fayyad will be hosted this afternoon by Al-Sadr, in Al-Hanana in Najaf."

Earlier in the day, Al-Sadr received the UN representative, Jenin Plaschaert, and the latter said after the meeting that she discussed the importance of finding a solution to the political crisis LINK

Will Parliament Be Dissolved And Early Elections Held In Response To Al-Sadr's Call?

Sumerian special   2022-08-05 | 04:07   Source:   Sumerian   2,533 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

Officially.. The Federation Sets The Date For Hearing A Lawsuit Against The Appointment Of The Minister Of Transport

2022-08-06 | 05:31   102 views   The source told Alsumaria News, that the Minister of Transport is trying to postpone tomorrow's session for various reasons, including the allegation of exposure to the disease, in order to remain in his position. LINK

The Ministry Of Foreign Affairs Clarifies The Developments Of The Iraqi Movement To Mobilize The International Community Against The Turkish Aggression

Iraq   20:05 - 2022-08-05  The Iraqi Ministry of Foreign Affairs confirmed the continued mobilization of the international community in response to the recent Turkish aggression, while indicating that the Iraqi diplomacy would take a firm stance towards the attacks on Iraqi sovereignty.

Foreign Ministry spokesman Ahmed Al-Sahaf said, "Iraq is still mobilizing the efforts of all its partners and friends to confirm the Iraqi government narrative that resulted from the work of the investigation committee formed at the behest of Prime Minister Mustafa Al-Kazemi, headed by Foreign Minister Fouad Hussein, and Iraqi security leaders."

Al-Sahaf added, "The committee's report concluded that the Turkish side was involved in the recent attack, which was the bombing of a resort in Dohuk Governorate, and confirmed all the evidence and factual evidence to prove what Iraq sees, and partner and friendly countries issued their positions condemning the Turkish bombing of Dohuk Governorate."

He stressed, "The Ministry of Foreign Affairs is still working to complete more steps that come in the context of supporting Iraq's efforts to confirm its active presence in the UN Security Council, especially after holding an extraordinary session at the invitation of Iraq."

Al-Sahaf pointed out that "Iraq continues to coordinate and communicate with all parties in everything that affects Iraqi sovereignty," stressing that "Iraqi diplomacy will have a firm stance."

He explained, "Iraq's resort to the Security Council came in the context of the recent attack on Iraq's sovereignty in the Dohuk governorate," noting that "this attack in itself comes within a series of repeated violations and attacks."

He noted that "the Ministry of Foreign Affairs has documented 22,742 violations and attacks since 2018 until the date of Iraq's asylum to the Security Council, in addition to 296 letters and protest notes sent by the Iraqi government against the Turkish side in this context."

On July 26, the UN Security Council held an emergency session to discuss the Turkish attack on the 20th of last month, which led to the death of 9 civilians and the wounding of 33 others.

https://kirkuktv.net/AR/Details/8041

New parliamentary talk about early elections

Political | 10:48 - 06/08/2022   Special- Mawazine News   The representative of the State of Law coalition that is part of the coordination framework, Thaer al-Khair, confirmed, on Saturday, that there is no legitimacy to hold early elections without a condition.

He told Mawazine News, "Unless Parliament dissolves itself and calls for holding other parliamentary elections, we cannot talk about any (early) elections, because this issue has transgressed against constitutions and laws on how to re-elections."

He added, "There is no legitimacy for these calls, but rather purely political orientations, and they bear the burden of the citizen and the street."    https://www.mawazin.net/Details.aspx?jimare=201630

Tivon, MilitiaMan and more...Saturday PM 8-6-2022

KTFA:

Tivon:  1.) General Budget

 2.) Formation of GOI

 3.) ?

To be short. I stated for the past four months or so that the first two things were not needed or required in order to implement any reforms. Both have been confirmed from official reports that none will be happening this year other than the preparation for early elections.

Why? Dissolution of course. As I claimed the requirements for everything to meet the citizens demands were already in motion thanks to the EFSL and then its official publication in the Gazette.

Even still when that happened it wasn't enough for some to be convinced that Al-Kazemi could not deliver on anything until the GOI was seated.

Because Maliki needed to be out the way. Despite the many things that were still being done while Al-Maliki was still on the loose to cause problems. Or too much corruption. There's no stability. The GOI has to be seated. We need a budget. Joe Biden will not let this happen.

All of these excuses and none of this turned out to be true.

Nothing stopped the PM from paying off debt visiting diplomats and ambassadors or having the ministries implement certain things to prepare for the new digital system.

Now today you see that the peaceful demonstrations have worked to effectively clean out the rats the citizens stand in victory anticipating that their demands are going to be met without a budget or seated GOI.

 Now what was the other thing I said is coming, since you can basically scratch off the other two? What is the very thing that will conclude this investment and expedite its formal initiation since Al-Kazemi has already stated it will come after the peaceful protesting was done?

 You already seen the official news reports. You already heard Eddie. You know the CBI, AMF, and IMF had meetings. You know banks already been notified about the 15th deadline. Tell me what are your suspicions about item number 3 happening sometime this month.

 I mean....you do know the citizens have already been promised that their demands are not years away. Not months away. Not weeks away. But days away. This is in print.

Demands/Entitlements/Reforms are all interchangeable and synonymous.  They need one thing to work. What is it? Imo

~~~~~~~~~~

MilitiaMan:  Door #3 is the process to get to the RV to start and that, at this point can take nanoseconds.. imo.. ~ MM

Iobey77:  A Shiny New Rate!!!

NoodlesDad:  Lower Denoms, Coins and Fils.

Safeone:  Ah Ah, IMO, how about someone pulling the trigger?????

Suzie:  how about implementation?????

DallasDude:  How about some Damn Courage

~~~~~~~~~~~~

Ourcoin:  Dissolution  IMO  

Tivon:  Nope. Done and over with. Something else that doesn't involve politics at all. I wonder what could it be? …. hmmmmmmm. Imo

DallasDude:  With all due respect did I miss an article that dissolution has been made official..I would agree that's where it is headed..

Tivon:  The motion alone is dissolution. You think Al-Kazemi is waiting for their actual resignation papers? No. Why? Because the EFSL is not a wait & see law. I said this so many times but you guys think Al-Kazemi is playing around for some reason. The guy moves to the letter of the law. Not the time it takes you to adhere to one. If he did that we would actually be waiting until next year right? Because that's when the new government will be voted in right? Think. The early elections is a result of dissolution. Imo

DallasDude:  All I know is that in 3 days it will be 2 months since EFSL was voted on an passed..I don't think Kazemi is playing around at all but I do believe an official announcement of dissolution will come before a rate change does, this is what I expect to hear first and foremost and for that reason alone we won't be waiting until next year..remember the late 4th quarter and trailing but the balls on the twenty yard line with less than a minute to go..Kazemi is the Tom Brady of the middle east right now

Tivon:  What did they say the citizens would receive in days? Dissolution or Entitlements? We are talking about what's in print. Not what our theories are. You missed this one. 👇

Legal expert Ali Al-Tamimi, 08/03/2022, clarified the roadmap for constitutional procedures to achieve the demands of the demonstrators.

 Al-Tamimi told Al-Masala that declaring a state of emergency is the key and the beginning of solutions, and it is announced in accordance with Article 61 ninth of the Iraqi constitution, whereby the Al-Kazemi government is empowered with extended powers and subsequent constitutional procedures and is authorized to administer the elections after the parliament is dissolved.

Samsom:  Sadrist's deputy submits a request to Al-Halbousi to hold an extraordinary session to dissolve parliament

6th August, 2022

A representative of the Sadrist movement, Burhan Al-Maamouri, submitted a request to Parliament Speaker Muhammad Al-Halbousi regarding the dissolution of Parliament.

Al-Maamouri, the only Sadrist MP who did not resign from parliament, demanded that Al-Halbousi hold an emergency session to dissolve parliament and set a date for early elections. 

Translation ......

Honorable Speaker of the House of Representatives Subject / Dissolution of the House of Representatives, Greetings:

According to the provisions of Article (64) of the Constitution, which states:

First, the House of Representatives is dissolved by an absolute majority of its members based on a request from one-third of its members.  In view of the failure of the House of Representatives to elect a President of the Republic based on the provisions of Article (70) of the Constitution and its failure to implement its constitutional obligations, please kindly approve the dissolution of the House of Representatives and hold an extraordinary session of the Council for this purpose based on the provisions of Article (58) of the Constitution and setting a date for early elections. 

We enclose a list of the names of the deputies supporting and signatories to the request. Thank you very much. The accompaniments / - A list of the names of the deputies who signed and supported the request.  LINK

Sawco:  Maybe I misunderstood, but I thought that PM K could dissolve parliament on his own, not needing any vote from Parliament…. Did I misunderstand..??  

MilitiaMan:  There was speculation that Kahdimi could use necessary powers to do so. However, this article and many others supports that there is a likelihood that a more specific constitutional way is being used. There are more than one. I suspect that the list of names is the 110 needed to dissolve. Well timed today.. imo ~ MM

Iraqi News Saturday Afternoon 8-5-22

Iraqi News Saturday Afternoon 8-5-22

Tlm724 Administrator Bondlady’s Corner

Al-Halbousi: We support proceeding with parliamentary elections within an agreed period of time

Parliament Speaker Muhammad al-Halbousi announced his support for early elections.

Al-Halbousi said in a tweet to him: "The House of Representatives is the representative of the people, and those masses that mobilized are part of his entity and conscience, and whose will in early elections that Muqtada al-Sadr called for cannot be neglected."

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.radionawa.com/all-detail.aspx?jimare=30616

He Set A Condition For Its Establishment.. Al-Kazemi’s Advisor: The Central Bank Has Expressed Its Willingness To Manage The Generations Fund

Economie| 01:34 - 06/08/2022   Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set, today, Saturday, a condition for the establishment of the sovereign fund, noting that the Central Bank of Iraq expressed its willingness to manage the fund

. From the text and spirit of Article 19 of the amended Federal Financial Management Law No. 6 of 2019, which stipulates the establishment of a (sovereign fund) in which financial savings shall be deposited after covering the expenditures stipulated in the annual Federal Budget Law, including covering the hypothetical or planned deficit in the estimates of the general budget annual research topic.

He added, "The Sovereign Fund or the Generations Fund requires the availability of a law for the federal general budget for the year 2022 to be defined and set the rules and mechanisms for the fund's work at the end of the current fiscal year, especially after the Central Bank of Iraq expressed its willingness to manage the fund based on its law as the state bank and financial agent. It has the right to manage all its financial investments.

He continued, "However, this does not prevent the Ministry of Finance from preparing to draw up a program for managing the sovereign fund or the Generations Fund, and setting its investment objectives to serve development and economic progress in our country."

He pointed out that "the financial savings achieved outside the Emergency Law for Food Security and Development No. 2 of 2022 and the applications of Article 13 of the Financial Management Law No. 6 of 2019 amended regarding the restriction of exchange at 1/12 of the total actual current spending for the year 2021, are still managed as reserve financial savings.

By the Central Bank of Iraq (the financial agent of the state) and according to the best applications available globally in the management of safe short-term financial investments.

Saleh stressed, "The Sovereign Fund or the Generations Fund, when established, remains attached to a prerequisite, which is the existence of a general budget law, and otherwise, the financial savings achieved will remain in part in the hedging account referred to in the first articles of the current Emergency Food Security Law No. 2 of 2022. Until the end of the 2022 fiscal year, in the event that a budget law is not issued.

He continued by saying that "any savings outside the expenditures of the two laws above will be partly spent within the opening balance of the next fiscal year 2023, and the other part will remain a financial reserve for the government pending the enactment of a budget law for the year 2023, so that the Generations Fund or the Sovereign Fund can work, due to the legal connection between the Sovereign Fund and the availability of funds." The surplus through an approved annual budget and legally committed to its provisions. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=201642

Agriculture: Allocating 34 Billion Dinars From The Emergency Support Law To Purchase Modern Irrigation Systems

Economie| 12:04 - 06/08/2022   Baghdad - Mawazine News, Saturday, the Ministry of Agriculture announced the allocation of 34 billion dinars from the emergency support law to purchase modern irrigation systems, while revealing international contracts to reduce water waste in agriculture.

The Director General of the General Company for Agricultural Supplies, Talib Jassem Al-Kaabi, said, "The Iraqi farmer needs modern irrigation systems to change from regular irrigation to modern technologies, systems that have proven their quality," noting that "the company has previous contracts with American, German and Saudi companies, and an amount of 34 One billion dinars from the emergency support law for the purchase of pivotal and fixed irrigation systems.

Al-Kaabi added, "There is a Saudi loan through which we seek to make a partnership between agricultural equipment companies and other ministry companies to provide systems on the loan outside the amount allocated to it from the emergency law," noting that "the support amounts allocated to the company are for the purchase of systems by 50 percent." % previously, and the remaining percentage borne by the farmer, we will pay it in installments over ten years, and the first year will be exempt.

He pointed out that "the farmer needs loans from the Agricultural Bank and the Agricultural Initiative, as well as the entry of private banks into lending agricultural projects, with the aim of supporting farmers," explaining that "the Ministry of Agriculture seeks to facilitate procedures for delivering the systems with the lowest installments and for many years to reduce the burden on the farmer."

In an interview with the official news agency, Mawazine News, Al-Kaabi continued, "Sprinkler irrigation covers large areas with small quantities of water, as the soil is greatly affected by tourist irrigation, which causes an increase in salt," stressing that "drip irrigation helps fight insects and diseases." Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=201635

Iraq's Oil Exports To America Rise Within A Week

Saturday, August 6, 2022 9:31 AM   Follow-up / National News Center

On Saturday, the US Energy Information Administration announced that Iraq's oil exports to America increased during the past week, reaching an average of 369,000 barrels per day.

The administration said in a report followed by the "National News Center", that "the average US imports of crude oil during the past week from eight countries amounted to 6196 million barrels per day, an increase of 847,000 barrels per day from the previous week, which amounted to 5349 million barrels per day."

She added that "Iraq's oil exports to America amounted to an average of 369,000 barrels per day last week, higher than the previous week, in which oil exports to America averaged 165,000 barrels per day."

She pointed out that "most of America's oil revenues during the past week came from Canada at a rate of 3.673 million barrels per day, followed by Mexico at a rate of 815,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 500,000 barrels per day, and then Colombia at a rate of 328,000 barrels per day."

According to the administration, "the amount of US imports of crude oil from Ecuador amounted to 243 thousand barrels per day, from Brazil at a rate of 211,000 barrels per day, and from Nigeria at a rate of 57 thousand barrels per day, while no quantity was imported from Trinidad and Tobago or Russia."

https://nnciraq.com/145719/

Brent Prices Fell 11% In A Week, Near $ 95 A Barrel

Energy   Economy News-Baghdad  Oil prices rose slightly on Friday's session, to offset some of this week's losses, due to data on strong US job growth, but ended the week at its lowest level since February due to concerns that the recession could affect demand for fuel .

Brent crude futures rose 80 cents to $94.92 a barrel, down 11% from last Friday's settlement. West Texas Intermediate crude futures also rose 47 cents to $89.01, down 8% in a week .

The US Department of Labor said that job growth in the United States unexpectedly rose in July, with non-farm payrolls increasing by 528,000, the largest increase since February, according to Reuters .

"This is strong economic data that supports the rise of the oil market," said Bob Yoger, director of the Energy Futures Department at Mizuho .

Fears of a recession intensified after the Bank of England warned on Thursday of a prolonged recession after it made its largest interest rate hike since 1995 .

The OPEC + group agreed this week to increase its target oil production by 100,000 barrels per day in September, but according to OPEC data, this is one of the smallest increases since the introduction of such quotas in 1982 .

Supply concerns are expected to escalate as winter approaches, as European Union sanctions banning Russian seaborne imports of crude and oil products are set to take effect on December 5 .

Views 130    Added 08/06/2022 - 10:52 AM  Update 08/06/2022 - 5:33 PM

https://economy-news.net/content.php?id=29172

A slight decrease in the exchange rate of the dollar against the dinar

Economie| 10:11 - 06/08/2022   Baghdad - Mawazine News  The dollar exchange rates witnessed a slight decrease on the Iraqi Stock Exchange, on Saturday.

Sale price: 148,600 dinars per 100 dollars,  purchase price: 148,500 dinars per 100 dollars

https://www.mawazin.net/Details.aspx?jimare=201626

To read more current and reliable Iraqi news please visit BondLady’s Corner:

Bond Ladys Corner

KTFA Members "News and Views" Saturday 8-6-2022

KTFA:

Samson:  Next week..Erbil will host an international investment fair

6th August, 2022

The city of Erbil, the capital of Kurdistan Region, is scheduled to host an international investment exhibition next week.

The supervisor of the exhibition, Ribaz Darwish, told Shafaq News Agency, "The exhibition will be with the participation of dozens of international, Arab and local companies in the field of investment, and it will be held in the International Exhibition Hall in Erbil and will last for four days."

Darwish added, "The exhibition aims to attract investment to the Kurdistan Region, and exchange investment experiences from foreign companies, in addition to introducing them to the labor market in Kurdistan."   LINK

Billuke:  They can't do this on a program rate............................  imo

DCDriver:  Dissolve parliament, hold early elections, seat a government, revalue currency IMO in that order.

*************

Get1later:  The CBI HAS FULL CONTROL OF THE EXCHANGE RATE !!! 

They've already told the international world,  member banks and International Traders (in an article) they  MUST BE ON THEIR ELECTRONIC PLATFORM BY August 15th or lose out (The trains leaving the station) ??

That "Funky" Program Rate" their tied to ...... WON'T WORK !! 

WHAT DOES THAT TELL YOU?? 

The dissolution of the Government (WHOOPIE) !!! That's a sideshow and a distraction at the moment (IMO)

GOI needs the rate before the budget

KAZEMI continues doing business as if it's already done 

Iraq's in the middle of a state of  emergency (see the EFSL). It's in the Gazette, it's law, it needs a new exchange rate to be implemented 

So what does ALL MEAN ???

The exchange rate will be adjusted WAY BEFORE the early elections and their budget's solved !! 

That's not an opinion ..... That's being spelled out in Articles from the CBI and the GOI (not opinion pieces) 

*************

Samson:  Iraq, Russia and Iran compete for oil exports to China

6th August, 2022

Russia and Iran's presentation of offers to China and India and discounts on crude oil has led to growing concerns about the future of Iraqi oil exports, on which 95% of its budget depends.

Previous reports had suggested that Iraq would be one of the biggest losers in these speculations, with the decline in demand for Iraqi oil of all kinds, after China and India were among the largest buyers of it, while others believe that this opens new markets that increase Iraq's profits.

Iraq competition

The economist, Dr. Ahmed Saddam, says that it is natural that Russia’s decision to reduce the price of a barrel of oil exported to India and China will lead to a change in the direction of demand, which rose by 15.5% from Russia, in return for a decrease in the level of oil imports from Iraq by 10.5%, as the Iranian decision to reduce came within limits 10 dollars above the world price to constitute a strong competitor to Iraq.

Saddam indicated that this change in the level of demand does not mean abandoning the rest of the oil markets, especially the Iraqi market, which is the second source of India after Saudi Arabia, and despite the reduction in oil prices, the share imported from Russia represents only 19% of the total Indian demand estimated at about 5 Millions of barrels per day, as India imports approximately 950,000 barrels per day from Russia, and China imports 860,000 barrels per day and 700,000 barrels per day from Iran.

Saddam adds that according to these circumstances, Iraq has no other choice but to diversify its export outlets, especially towards the European and American continents, as it is estimated that oil exports to the United States increased by 11% as a result. He believes that Iraq's situation before and after the Ukrainian crisis is still good despite the decline in Asian demand for Iraq's oil, but the important point in this regard - according to Saddam - is that even with the price reduction by Russia, there will remain technical and economic obstacles, foremost of which is the length of distance and time. This limits the number of barrels of oil imported from Russia, and this means that the decrease in Iraq's share of oil exports to China and India will not be significant.

Decline factors

For his part, economist Dr. Medhat Kazem Al-Quraishi believes that oil prices in general initially rose due to the embargo on Russia, then their prices fell due to the economic recession in Europe and the world.

Al-Quraishi notes, according to Al Jazeera Net, that the oil markets are still unstable due to the presence of negative and positive factors influencing, and therefore it is not possible to predict what will happen to the oil market related to the war in Ukraine and its repercussions. He points out that competition between producers leads to lower prices, as well as US pressure on OPEC, which may leave a small impact, despite Saudi Arabia and the UAE's rejection of the pressures of US President Joe Biden.

Upcoming crisis

In turn, Professor of Economics, Dr. Abdul Rahman Al-Mashhadani warns of a new crisis, so we should not be optimistic about the rise in current oil prices as they are not real, and therefore the Iraqi government should work within reasonable limits.  LINK

**************

Samson:  Sadrist's deputy submits a request to Al-Halbousi to hold an extraordinary session to dissolve parliament

6th August, 2022

A representative of the Sadrist movement, Burhan Al-Maamouri, submitted a request to Parliament Speaker Muhammad Al-Halbousi regarding the dissolution of Parliament.

Al-Maamouri, the only Sadrist MP who did not resign from parliament, demanded that Al-Halbousi hold an emergency session to dissolve parliament and set a date for early elections.

Translation ......

Honorable Speaker of the House of Representatives Subject / Dissolution of the House of Representatives, Greetings:

According to the provisions of Article (64) of the Constitution, which states:

First, the House of Representatives is dissolved by an absolute majority of its members based on a request from one-third of its members. 

In view of the failure of the House of Representatives to elect a President of the Republic based on the provisions of Article (70) of the Constitution and its failure to implement its constitutional obligations, please kindly approve the dissolution of the House of Representatives and hold an extraordinary session of the Council for this purpose based on the provisions of Article (58) of the Constitution and setting a date for early elections. 

We enclose a list of the names of the deputies supporting and signatories to the request. Thank you very much. The accompaniments / - A list of the names of the deputies who signed and supported the request.  LINK

Clare:  BOOM!!! ..........THANK YOU SAMSON!

Samson:  Is it possible to dissolve parliament ?

5th August, 2022 by Dr. Bilal Khalifa

There has been talk these days about another solution that cuts the way to the political stalemate, which is to go to a second election. The weights of the political blocs may change, and consequently, alliances may change and lead to the possibility of forming a new government. It must be remembered that the Al-Kazemi government, when it was formed, the purpose of that government was to hold early elections.

The scenario of dissolving Parliament and rerunning the elections faces obstacles, including:

1- The Federal Court, when it rejected the framework’s appeal (Monday, December 27, 2021) regarding the illegality of the elections, but the Federal Supreme Court at the same time recommended two points, namely:
A- Legislating a new election law
B - Not using electronic counting and sorting, and here lies the problem, which is that the current government is the caretaker of daily affairs, and it does not have the constitutional legitimacy for that, according to Article (64-second) and according to the Federal Supreme Court’s decision No. 121 / Federal / 2022, but after enacting a law Food security, despite its violation of the Constitution, it became possible to legislate a law during the period of a caretaker government, despite that it is unconstitutional.

2 - Some large blocs, as well as some small ones, who are independents, will not accept going to the second elections because of the possibility that their seats will be reduced.

3 - The dissolution of Parliament is the step that must precede going to elections, and this paragraph was referred to in Article 64 of the Constitution, where it clarifies that the period shall be a maximum of sixty days. Elections must take place after the Parliament is dissolved.

But the dissolution of Parliament will face several obstacles, including:

1 - The ways to dissolve Parliament are in two ways defined by the constitution in Article 64 of it, and in two ways:

First: The Parliament is dissolved by an absolute majority of the number of its members, at the request of one-third of its members, or a request from the Prime Minister and with the approval of the Prime Minister Republic, and the Council may not be dissolved during the period of questioning the Prime Minister.

Second: The President of the Republic, upon dissolving the House of Representatives, shall call for general elections in the country within a maximum period of sixty days from the date of the dissolution, and the Council of Ministers in this case is considered resigned and continues to run daily affairs. And that the two paths end with the parliament’s vote on it by an absolute majority, meaning that the ball is in the range of the members of the House of Representatives and it is the final decision-maker in the matter.

2 - The dissolution of the House of Representatives means that the government will turn into a daily caretaker government devoid of any powers, but how if it is a caretaker government.

3 - The second way to dissolve Parliament is a call from the President of the Republic to dissolve Parliament, how if the President of the Republic is the end of powers, Article 72 of the Constitution shows that the President of the Republic ends his term at the end of the Parliament, i.e. when the House of Representatives is dissolved and someone else comes after the first session, then his validity ends. Everyone knows that the first session was months ago, and therefore the President of the Republic is by virtue of the expired powers.

4 - The first way requires the process of convening a session of the Iraqi parliament, and then submitting a proposal to dissolve parliament to the presidency of the council and vote on it, but this process must be evacuating the building and its surroundings from the demonstrators, otherwise how can the deputies come amid a building full of demonstrators.

5 - The election process requires large funds. In the last elections, the government cost an amount of about 300 million US dollars, i.e. 450 billion dinars, or nearly half a trillion dinars, but here the question arises, from where this amount is allocated, and this is not possible because:

A - The current government is a caretaker government and does not have the authority to transfer or any authority to control funds except in matters appropriate to the situation.
B - We need a general budget to allocate money to the election process, and therefore, before going to the elections, the government must be formed and the federal budget law is enacted.
C - Legislating a law for elections, and this would be unconstitutional and that any appeal by the deputies will be rejected because the law will include financial aspects, and despite that it also needs Parliament to return to its work and the demonstrators to leave.
6 - Going to elections will be in two ways:

A - the use of the old law, and this will be contrary to the decision of the Federal Supreme Court
B - the enactment of a new law and this is not possible and we talked about it above and it is also contrary to the decision of the Federal Supreme Court, and the new legislation needs that Parliament exercises Duty for several months until this law is enacted.

The result is that the second elections, which some may call for, are difficult to hold because they violate the decisions issued by the Federal Supreme Court, which are irrelevant and binding on all (Article 94) of the Constitution. Likewise, the constitution made the government a caretaker, so how is it now a caretaker government?

The solution is to form a government whose most important duty is to hold early elections, and since the preparations take several months, a government with full authority can legislate the budget law and serve the people until elections are held and turn it into a caretaker government as well. But if the parliament is dissolved and elections are held by other than the methods mentioned above, which are originally found in the constitution, these procedures will be unconstitutional.  LINK

The 8 Most Powerful Currencies That Dominate The Forex Markets In 2022

Learn About The 8 Most Powerful Currencies That Dominate The Forex Markets In 2022

The US dollar is still dominant in the global currency market (Anatolia)

Although the currency market is often described as the " bankers' game", currencies can sometimes be a great way to diversify an investment portfolio, and can also provide tremendous opportunities when other areas go into recession.

As a result, knowing a little about the currency market (forex) and the basics behind it, can be important additions to any trader, investor or portfolio manager's arsenal. According to the investment encyclopedia "Investopedia", it is imperative for every trader or investor to get acquainted with 8 currencies and the central banks that issue them.

What are the top 8 globally tradable currencies that dominate the financial markets in 2022?

1 - US Dollar The dollar, which is known today, began trading in 1913, under an Act of the Federal Reserve (US Central Bank) , which is the central banking body in the United States. It is led by a chair and a board of governors, with most of the focus placed on the branch known as the Federal Open Market Committee (FOMC) that oversees open market operations as well as monetary policy or interest rates.

The committee consists of 5 chairs out of the 12 current chairs of the Federal Reserve Banks and 7 members of the Federal Reserve, while the president of the Federal Bank of New York always chairs this committee. Although there are 12 voting members, non-members who are heads of other reserve banks are invited to share their views on the economic situation when the committee meets every 6 weeks.

As with any currency, the dollar is supported by economic fundamentals, including GDP, industry and employment reports. However, the dollar is also widely affected by central bank policies and any decisions regarding interest rates.

The dollar is the benchmark against which other major currencies are traded, especially the euro, the Japanese yen and the British pound.

Euro - 2 Headquartered in Frankfurt, Germany, the European Central Bank is the central bank of the 19 member states of the eurozone. Similar to the Open Market Committee in the United States, the European Central Bank has a main body responsible for making monetary policy decisions, which is the Executive Council, which consists of 4 members in addition to the president and his representative, knowing that the seats are reserved for four of the five largest fish in the region: Germany, France and Italy Spain and the Netherlands, with the aim of ensuring that the largest are always represented in the event of a change in management, almost week.

In addition to its competence in monetary policy, the European Central Bank also reserves the right to issue banknotes as it sees fit. Similar to the Federal Reserve, European policy makers can intervene in times of central bank or banking system failure.

But the European Central Bank differs from its American counterpart on an important issue. Instead of maximizing employment and keeping long-term stable interest rates, the European operates on a basic principle of price stability, with secondary commitments to general economic policies. As a result, policy makers focus on consumer price inflation in making key interest rate decisions.

Although the monetary system is somewhat complex, currency is not. Against the dollar, the euro tends to be a slower currency compared to its peers, the British pound or the Australian dollar. On a typical day, a currency can trade in fluctuations within a margin of between 70 and 80 basis points, up to 100 basis points (1%) per day.

Another consideration that should be taken in trading is time. Since the forex market is open 24/7, "forex" traders must strategically determine their forex trading schedules. The euro can be seen trading at two prices during the time overlap between London and the United States, and it occurs from 8 am to noon EST.

Japanese Yen - 3 Founded in 1882, the Bank of Japan is the central bank of the world's third largest economy, for setting monetary policy, underwriting currency, money market operations, and analyzing economic data.

The main monetary policy board tends to work for economic stability, constantly exchanging views with the ruling administration, while at the same time fortifying its independence and transparency. During his meeting 8 times a year on monetary policy, the Governor of the Central Bank leads a team of 9 members, including 2 deputies.

By offering a low interest rate, the yen is positioned against higher yielding currencies, particularly the New Zealand dollar, the Australian dollar and the British pound. As a result, forex traders adopt technical insights on a long-term basis. The average daily ranges of the yen's volatility are between 70 and 140 basis points, with maximums that can be over 200 points (2%).

To trade this currency with a little focus, you should be aware of the overlap of London and US times, from 8am to noon EST).

Pound Sterling - 4 As the central bank of the United Kingdom, the Bank of England functions as the cash equivalent of the US Federal Reserve system. In the same way, the Board of Directors is a governing body appointed by the British Crown, consisting of 5 executive members and up to 9 others, including the Governor and his Deputy. There is also a "Monetary Policy Committee" (MPC), which is chaired by the Governor of the Bank and consists of 9 members, 4 of whom are appointed by the Secretary of the Treasury.

When monetary policy trends are announced at least 8 times annually, the MPC decides on interest rates and broader monetary policy, taking into account fundamental considerations of overall price stability in the economy. As such, the committee also has a benchmark for consumer price inflation at 2%.

If this standard is breached, the governor has the responsibility to notify the Treasury Secretary with an official letter, as happened in 2007 when the CPI rose sharply to 3.1%. The issuance of this speech tends to serve as a wake-up call for markets, as it increases the likelihood of contractionary monetary policy.

The British pound is slightly more volatile than the Euro, and tends to trade in a wider range during the day, as volatility can include between 100 and 150 basis points (1.5%), as it is not unusual to see the pound trading with a margin of volatility of 20 basis points.

Swiss franc - 5 The SNB differs from all the other major central banks in that the Swiss National Bank is seen as a governing body with both private and public ownership. This belief stems from the fact that the bank is technically a privately regulated company. As a result, just over half of the administrative body is owned by the cantons or sovereign states of Switzerland and other public institutions.

It is this regulation that gives strength to the economic and financial stability policies dictated by the Board of Directors of the Swiss National Bank. Monetary policy decisions are established by 3 major bank chiefs who meet every 3 months. The board has set a range for changing interest rates of 50 basis points (0.5%) up or down.

There is an interesting relationship between the euro and the Swiss franc. Similar to the Euro, the Swiss Franc hardly makes significant moves in any of the trading sessions. As a result, look for this currency to trade in the specified average daily range of 45 basis points (0.45%) per day.

Canadian Dollar - 6 The Bank of Canada was established by law of its own in 1934, with a focus on the objectives of low and stable inflation, a safe and secure currency, financial stability, and effective management of government funds and public debt. It acts independently, and has similarities to the Swiss National Bank in that it is sometimes treated as a company, in which the finance minister owns direct shares.

It is also the governor's responsibility to promote price stability, while taking into account the government's concerns. With 2% as a benchmark for inflation, the Bank of Canada tends to remain hawkish rather than adaptive when it comes to any price deviations. Against the major currencies, the Canadian dollar tends to trade in daily fluctuation ranges with margins between 50 and 100 basis points.

Many currencies and commodity prices move together, and one of the unique aspects of the Canadian dollar is its relationship to crude oil. The country remains a major exporter of the commodity, and as a result, many traders and investors use this currency as either a hedge against current commodity positions or purely speculative, following the signals from the oil market.

Australian / New Zealand Dollar - 7 The Reserve Bank of Australia offers one of the highest interest rates in the major global markets and has always supported price stability and economic strength as cornerstones of its long-term plan. Its board of directors, headed by the governor, consists of 6 members, in addition to the governor and the minister of treasury, and they work together to achieve the target inflation between 2% and 3%, and they meet 11 times annually.

Likewise, the Reserve Bank of New Zealand is looking to strengthen its inflation targeting, hoping to maintain its price basis.

Both currencies were the focus of interest for carry traders, with the Australian and New Zealand dollars offering the highest returns among the 7 major currencies available on most platforms. As a result, their fluctuations can be observed in the event of an impact on debt reduction. Otherwise, the two currencies tend to trade within a margin of volatility of 70 to 80 basis points. The two currencies also maintain a close relationship with commodities, most notably silver and gold.

South African Rand - 8 The South African Reserve Bank was formerly modeled after the Bank of England. By assuming principal responsibilities similar to those of other central banks, this bank is known as a "lender" in certain situations, as well as acting as the clearing bank and principal custodian of gold. Above all, it is responsible for achieving price stability, including intervention in foreign exchange markets whenever needed.

Interestingly, it is still a private entity wholly owned by more than 800 shareholders whose shares are regulated by each owning less than 1% of the total number of shares outstanding, to ensure that the interests of the economy precede the interests of any individual. To maintain this policy, the Governor chairs the 14-member Board of Directors to monitor the Bank's activities and work towards monetary achievement, and they meet regularly throughout the year.

Markets

The South African rand pays the price for the unrest

The average daily volatility range of the South African Rand can be up to several thousand points, but don't let the wide daily range fool you, these points when translated into points in dollars, the movements are equal to the average of one day in the case of the British pound, which makes the Rand a good opportunity to trade it against the dollar, especially when taking into account the possibility of buying.

Traders also look at the rand's relationship with gold and platinum because the economy is a world leader in exports of these two metals, so it is natural to have a similar correlation to the relationship between the Canadian dollar and crude oil. LINK

"Tidbits From TNT" Saturday AM 8-6-2022

TNT:

CandyKisses:  New parliamentary talk about early elections

The representative of the State of Law coalition that is part of the coordination framework, Thaer al-Khair, confirmed, on Saturday, that there is no legitimacy to hold early elections without a condition.

He told Mawazine News, "Unless Parliament dissolves itself and calls for holding other parliamentary elections, we cannot talk about any (early) elections, because this issue has transgressed against constitutions and laws on how to re-elections."

He added, "There is no legitimacy for these calls, but rather purely political orientations, and they bear the burden of the citizen and the street." 

CandyKisses:  Deputy : Dissolving parliament is the "best option"

Member of Parliament, Burhan Al-Maamouri, confirmed today, Friday, that dissolving parliament and setting a date for holding elections is the best option to end the current situation.

Al-Maamouri said in a statement to the "National News Center", "The political obstruction that Iraq has been going through since the elections were held until now, which led to the disruption of the formation of the government, which the Iraqi people were hoping to meet even part of their aspirations, but unfortunately it became the opposite, which led to congestion." The street and the departure of thousands of Iraqi people in demonstrations calling for the real reform of all state institutions.”

He added, "Dissolving Parliament and setting a date for holding elections is the best solution to end the current situation, which, if prolonged, will lead to more tension in the Iraqi street, and thus may burn everything."

He continued, "Part of the political blocs stood as an obstacle in forming the government because of the interpretation of the Federal Court and the withdrawal of the largest Sadrist bloc from Parliament, which led to the loss of legitimacy for the House of Representatives, as the first winning bloc withdrew."

 He pointed out, "After the departure of thousands of demonstrators, the most demands were to dissolve parliament and set a date for early elections that would restore the political map to end the blockage in order to form a strong government capable of managing the state in the next stage, away from quotas and consensus, from which we have reaped nothing but ruin and destruction for more than 18 years." through the outcomes of the electoral process.

***********

Tishwash:  Friday sermon in the Celebrations Square: Consensus governments caused money losses and lack of services

Muhannad Al-Moussawi, the preacher of the unified Friday prayer in the Green Zone, announced on Friday 08/05/2022 his solidarity with the decision of the Sadrist movement's leader Muqtada Al-Sadr to dissolve parliament and hold early elections.

Al-Moussawi said in the sermon, which was followed by the Obelisk Agency, that Iraq has become a prisoner of corruption and the corrupt, and it tops the lists of corruption in the world due to the policies of successive governments, quotas and sharing, and the deterioration of services, health, education, security and others, and very large numbers of the Iraqi people have reached below the poverty line.

He added: We have reached shameful results, including a lack of confidence in the political class, calling on Iraqis to seek reform.

He pointed out that one of the most important factors for change is taking responsibility, pointing out that the consensus governments have caused a lot of money losses and a lack of services.

Al-Moussawi pointed out that the love of the homeland requires the sacrifice of time and souls, indicating that the people lacked confidence in the political class.

He explained, that the religious reference refused to receive some politicians categorically until it closed its door in their faces, noting that the reference still stands by the will of the people.

Al-Moussawi concluded by saying: Whoever does not support reform will be a prisoner of militias and poverty, pointing out that everyone should advocate and not sit and rely on others, noting that all historical reform movements took place through sacrifice.   link

************

Tishwash:  He set a condition for its establishment.. Al-Kazemi’s advisor: The Central Bank has expressed its willingness to manage the Generations Fund

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, set, today, Saturday, a condition for the establishment of the sovereign fund, noting that the Central Bank of Iraq expressed its willingness to manage the fund

. From the text and spirit of Article 19 of the amended Federal Financial Management Law No. 6 of 2019, which stipulates the establishment of a (sovereign fund) in which financial savings shall be deposited after covering the expenditures stipulated in the annual Federal Budget Law, including covering the hypothetical or planned deficit in the estimates of the general budget annual research topic.

He added, "The Sovereign Fund or the Generations Fund requires the availability of a law for the federal general budget for the year 2022 to be defined and set the rules and mechanisms for the fund's work at the end of the current fiscal year, especially after the Central Bank of Iraq expressed its willingness to manage the fund based on its law as the state bank and financial agent. It has the right to manage all its financial investments.

He continued, "However, this does not prevent the Ministry of Finance from preparing to draw up a program for managing the sovereign fund or the Generations Fund, and setting its investment objectives to serve development and economic progress in our country."

He pointed out that "the financial savings achieved outside the Emergency Law for Food Security and Development No. 2 of 2022 and the applications of Article 13 of the Financial Management Law No. 6 of 2019 amended regarding the restriction of exchange at 1/12 of the total actual current spending for the year 2021, are still managed as reserve financial savings. By the Central Bank of Iraq (the financial agent of the state) and according to the best applications available globally in the management of safe short-term financial investments.

Saleh stressed, that "the Sovereign Fund or the Generations Fund, when established, remains attached to a prerequisite, which is the existence of a general budget law, and otherwise, the financial savings achieved will remain in part in the hedging account referred to in the first articles of the current Emergency Food Security Law No. 2 of 2022." Until the end of the 2022 fiscal year, in the event that a budget law is not issued.

He continued by saying that "any savings outside the expenditures of the two laws above will be partly spent within the opening balance of the next fiscal year 2023, and the other part will remain a financial reserve for the government pending the enactment of a budget law for the year 2023, so that the Generations Fund or the Sovereign Fund can work, due to the legal connection between the Sovereign Fund and the availability of funds." The surplus through an approved annual budget and legally committed to its provisions.  link

Mot:  . the ""Wee Folks"" Say the Darnest Things! ~~

Mot:  Owner Pretends To Throw Ball And Captured The Exact Moment Husky Realizes He Was Betrayed