Wednesday AM Iraq Parliament News Highlights 8-10-22

Wednesday AM Iraq Parliament News Highlights 8-10-22

Al-Kazemi: Dialogue For A Thousand Years Is Better Than The Moment We Collide With As Iraqis

Policy  2022-08-10 | 05:34  Source:  Alsumaria news   204 views  Alsumaria News - Baghdad, Prime Minister Mustafa Al-Kazemi stressed, today, Wednesday, to work with full force to resolve the political blockage and to resort to dialogue to resolve differences, while the city of Mosul has suffered a lot from the policies of confusion, terrorism and poor planning.

Al-Kazemi said during the celebration of laying the foundation stone for the rehabilitation project of Mosul International Airport, "Today we are in Nineveh Governorate, after I promised you on my last visit that we are working on developing a solid plan, overcoming obstacles and obstacles, and we will present to you again to lay the foundation stone for the rehabilitation of this airport, and here it is today.

"You have it within a month," noting that "the Mosul International Airport project is a strategic and important project for our sons in the province, and we are laying the foundation stone today."

He added, "Mosul International Airport will provide job opportunities, facilitate transportation, and facilitate the lives of citizens," based on that "we have worked since the first day to pay attention to this governorate and all the governorates of Iraq, despite all the challenges that the government is going through, whether they are economic challenges, political, or security.

He continued: "Today, we all need integration and cooperation, in order to mobilize the energies and build an Iraq worthy of the Iraqis, and these efforts will not be lost, and we will not allow the corrupt to exploit these projects to squander the people's money," stressing that "it will be the result of everyone who tries to tamper with these projects for personal interests." Or for gangs and corrupt people like the fate of the terrorists who tried to destroy this city.”

The Prime Minister explained: "We succeeded in crossing the economic challenge as well as the security challenge, and today the political blocs are required to assume their responsibilities by resolving the issue of the political blockage, for the interest of Iraq and its future," expressing his hope that "everyone will work with all force to resolve the political blockage and resort to dialogue to resolve differences.

"And we have no choice but to dialogue. Dialogue for a thousand years is better than the moment we collide with as Iraqis."

And Al-Kazemi said, "The city of Mosul is a model of Iraqi coexistence and diversity, which we consider an element of strength, and a model of tolerance that proves that Iraq possesses a lot of human capabilities and competencies in this province, which is kind to its people and its history," noting that "the city of Mosul has suffered a lot from the policies of confusion, terrorism and poor planning.

" And, God willing, what happened in the past will not be repeated, neither in Mosul, nor in Nineveh, nor in the whole of Iraq.”

He pointed out, "There are tremendous efforts being made daily for reconstruction, and I personally follow them, and follow the details of the challenges and overcoming them, in order to send a message that the Iraqis deserve life, and that they are able to turn challenges into opportunities for success."   LINK

Al-Maliki Requires The Dissolution Of Parliament By Reconvening Its Sessions.. Al-Sadr Tweets: Corrupt Will Not Rule ‎

Sumerian special  2022-08-10 | 05:16  Source:  Sumerian   1,326 views  With Three No's .. The leader of the State of Law coalition, Nuri al-Maliki, says no to the dissolution of Parliament, no change to the system, and no early elections except by reconvening the sessions of the House of Representatives, and he is the one who discusses and decides this according to the contexts of the constitution.

A new framework position comes after the insistence of a leader  Sadrist Movement  the master  Muqtada al-Sadr  To dissolve parliament and go towards early elections that prevent the return of old faces, and hours after al-Maliki’s statement, al-Sadr indicated through a tweet on the occasion of the tenth of the monthMuharramIt is forbidden that the corrupt will not rule and like him will not pledge allegiance to corruption.

Observers believe that the war of statements and tweets between the two rivals of the scene and the two parties to the conflict is escalating in intensity in exchange for a stalled political process, and Parliament is also afflicted with enforced disruption and its walls are surrounded by protesters. Now, and perhaps it will become clearer soon, if the dispute intensifies and the crisis extends beyond two thousand and twenty-two.  LINK

The Ashura Letters Between Al-Sadr And Al-Maliki Deepen The Crisis Of Dissolving Parliament

Posted On2022-08-10 By Sotaliraq   Baghdad / Tamim Al-Hassan

It is likely that attempts to build bridges between the coordination framework and the Sadrist movement will begin today, Wednesday, as the only remaining step for the political forces to get out of the crisis.

The language of "stubbornness" escalated between the leaders of the Sadrist movement, Muqtada al-Sadr, and the rule of law, Nuri al-Maliki, regarding early elections and the eviction of Parliament.

Al-Sadr fears that his opponents will evade in the event of "withdrawing his supporters" from Parliament, while the other side rejects the dictates proposed by the first.

According to information from within the coordination framework, it is supposed that "the day after the holiday of the tenth of Muharram (yesterday), discussions about opening a dialogue with al-Sadr will begin."

The "Coordination" decided to assign the task of dialogue to Hadi al-Amiri, despite the presence of comments on the leader of the Al-Fateh coalition from Maliki's team and some of the coalition leaders.

On Monday, al-Maliki's office published pictures of a meeting between al-Maliki and al-Amiri at the residence of the first, in the first meeting after the "leaks of al-Maliki" crisis.

The "frameworkers" had little hope of persuading al-Sadr to sit at the negotiating table, especially since the latter had said a few days ago about the requirements for solving the crisis, to stay away from what he described as "weak dialogues."

It was expected that an "unannounced truce" would take effect between the two sides of the crisis during the "Day of Ashura", yesterday, when most politicians are busy with the Husseini processions that are held in the homes of leaders, but what happened is the opposite.

The two groups began sending encrypted messages inspired by the Ashura incident, and Al-Sadr said on the anniversary of that day, "Like me, he does not swear allegiance to the corrupt," in a sign I understood that he meant al-Maliki.

And the leader of the movement added in a tweet on Monday, "I swear by your blood, Haider, and by your crippled cub...God does not rule over us (corrupt)... and like me, he does not swear allegiance to (corruption)."

The latter's tweet came after a televised speech by the leader of the state of law, in which he refused to dissolve parliament - according to al-Sadr's call - until after the council's work resumed.

On Monday, al-Maliki said, borrowing from the legacy of the events of Muharram, that "Imam Hussein, peace be upon him, was a cry of truth in the face of lies, forgery and forgery."

In a direct comment on the crisis, al-Maliki added that "Iraq is a country in which several components live, and a vision cannot be imposed on it, except with the approval of those components through the constitutional institutions."

Speaking about the sit-ins and the demands of al-Sadr, al-Maliki stressed: “There is no solution to Parliament, no regime change, and no early elections unless the Parliament returns to session, and it is he who discusses these demands, and what he decides we proceed with, because Iraq and its system are a trust in our necks, and Iraq does not It is only served by abiding by the law and the constitution.”

Before that, al-Sadr had expressed his grief on the Ashura commemoration over what was happening in Iraq, in a sign that was also understood to be related to the political situation.

Al-Sadr said on “Twitter”: “What saddens us is a group of people who claim your love (and he means Imam Hussein) and have committed corruption and injustice in our beloved Iraq, and we are innocent of them until the Day of Judgment, and we will not deviate from your revolution and reform until the Day of Judgment..”

In a third metaphor, Al-Sadr wrote on Twitter, mixing “Ashura” with what is happening in the Green Zone, saying: “Oh God, accept our current vigil in the Green Zone with you.

He added, "Reform will triumph over corruption just as blood has triumphed over the sword."

Al-Sadr's supporters, who have controlled Parliament for 10 days, held rituals of "slapping" and "tribulation" inside the Green Zone and Tahrir Square.

At the beginning of this week, the protesters affiliated with the Sadrist movement evacuated the parliament building and continued to protest in front of the building.

Last Saturday, al-Sadr urged his followers to continue the protests, while repeating his request to dissolve parliament.

And about what is going on behind the scenes, a well-informed politician told Al-Mada that "the coordinating framework rejects what al-Sadr is calling for, because it will appear before his audience as the biggest losers."

And the politician, who asked not to be named, adds that: "The framers believe that accepting the conditions of the leader of the movement means that he surrenders the control of al-Sadr over the entire political scene, and a government cannot be formed without his consent."

Some voices within the Shiite bloc had tried, days after al-Sadr's retirement to form the government, months ago, to mediate to persuade the latter to return for fear of "provoking him".

Now that they have taken control of Parliament (following the resignation of 73 Sadrist deputies), the "frameworkers" refuse to go to dissolve the parliament.

And the "Coordination" was the first to question the results of the elections and took his audience to the street for two months, protesting the votes he had obtained, claiming that there was fraud.

The politician pointed out that «the Sadrist movement is afraid, in return, to withdraw its supporters from Parliament, so the delays will return and the procrastination of the issue, as it happens every time».

Instead, al-Sadr is trying to gain support from other sectors of the public to join the sit-in inside the Green Zone.

And from one of his recent series of tweets about “Ashura,” in which he rejects the “rule of the corrupt,” as he described it, he says at the end: “Would you not help us from Nasser!?”

Al-Sadr issued statements more than once urging others to support his current in his latest movement, while he tried to drag the "Tishreen" to the Green Zone, but they decided to demonstrate away from the government area.

Platforms affiliated with the movement published pictures of what they said was a meeting between Ibrahim al-Jabri, a Sadrist leader and a member of the committee charged with following up the sit-in in Parliament, with a number of Tishreen activists.

On the other hand, Mashreq Al-Fariji, the head of the Nazl Take My Right Movement (a political party that was established after the October protests), denied the presence of a representative, negotiator or participant from the movement in the “green sit-ins.”

Al-Fraiji's response came on his Facebook page after news of the presence of a member of the movement in the sit-ins, while the movement's head stressed that that member had been outside the movement for 6 months.  LINK

Suggestions To Exclude Amending The Constitution: A Complex Process At The Current Stage

Posted On2022-08-10 By Sotaliraq   Baghdad / Hussein Hatem

Ten months after the parliamentary elections, the political crisis became more complex, and calls for amending the constitution increased, as the entire political process was paralyzed in light of the inability to elect a new president of the republic and form a new government.

Representatives and specialists believe that the process of amending the constitution at the current stage is a "complicated step", as the process requires a calm environment away from pressures and chaos.

Legal expert Ali Al-Tamimi said in an interview with (Al-Mada), that “the Iraqi constitution is one of the rigid constitutions, not flexible, as it can only be amended by complex procedures,” noting that “its amendment was stipulated in Articles 142 and 126 of the Iraqi constitution, where Article 142 must be applied first. As the Federal Court Decision 54/2017 says.

And he continued, “Parliament must form the amendment committee and approve its amendments by an absolute majority of its members, i.e. members of Parliament half of the total number plus one after the quorum is achieved and that it be submitted to a referendum and half of the voters agree plus one and that the amendment is not objected to by two-thirds of the voters in three provinces. “.

Al-Tamimi pointed out, "The current parliament must be dissolved first in accordance with Article 64 of the Iraqi constitution and early legislative elections should be held, and then the constitution and its amendments must be submitted to a vote."

Article 64 of the Iraqi constitution states the following:

First: The Council of Representatives is dissolved, by an absolute majority 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 President of the Republic. 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. In this case, the Council of Ministers is considered resigned and continues to run daily affairs.

Al-Tamimi indicated, "The proposed amendments by the Presidency of the Republic can be taken by Parliament as a matter of seeking opinion, because the decision is finally in the hands of Parliament in accordance with Article 142 of the Constitution."

In turn, a member of the Parliamentary Legal Committee, Aref Al-Hamami, said in an interview with (Al-Mada), that "one of the most important pillars of amending the Iraqi constitution, which was set by the House of Representatives during the drafting of the current constitution, is to present the amendment to the people, and the people are the ruler through a referendum."

Al-Hamami added, “If two governorates object to the amendment, the amendment becomes invalid,” adding, “In addition to the first paragraph, the House of Representatives must carry out its work.”

With regard to holding early elections and dissolving parliament, he pointed out, “There must be a government with full powers to carry out those tasks that result in constitutional violations in some of its paragraphs, as the current government is a caretaker government, and it is considered resigned by law.”

For his part, political researcher Ali Al-Baydar said in an interview with Al-Mada that “the amendment of the constitution at this stage may not bring the required reform steps, as there is hegemony and control by religious parties that have put paragraphs in some articles, including Article Two. which stipulates the refusal to add any text that contradicts the Islamic religion.

Article (2) of the Iraqi constitution states the following:

First: Islam is the official religion of the state, and it is a basic source of legislation:

A - It is not permissible to enact a law that contradicts the constants of the provisions of Islam.

B - It is not permissible to enact a law that contradicts the principles of democracy.

C - It is not permissible to enact a law that contradicts the basic rights and freedoms stipulated in this Constitution.

Second: This constitution guarantees the preservation of the Islamic identity of the majority of the Iraqi people. It also guarantees the full religious rights of all individuals to freedom of religious belief and practice, such as Christians, Yazidis, and Mandaean Sabeans.

Al-Baydar added, "This step may lead to the addition of materials or extremism to announce its ability and bragging about its influence, meaning that it is like a show, to prolong the life of those religious parties in power."

He pointed out that "the amendment of the constitution at this stage is similar to writing it in the previous stages, which witnessed convulsions, chaos and the imposition of wills."

Al-Baydar said, "Amendment to the articles of the constitution requires an appropriate environment and relative stability in the country and a state of calm away from mutual pressure methods."

He expected, "Writing the Iraqi constitution during this period will make it contain more errors than those found in the current constitution, and we will have to reformulate it again," describing it as "a complex process at this stage."

And earlier, the leader of the Sadrist movement, Muqtada al-Sadr, said, after his supporters entered the Green Zone and Parliament and the sit-in for more than ten days, that it is the “golden opportunity for all of the people stung by the fire of injustice, terrorism, corruption, occupation and dependency.”

He pointed out that “it is a great opportunity to fundamentally change the political system, the constitution, and the elections, which, if rigged in favor of the deep state, will become the best free and fair elections.  LINK

Tivon and KTFA Members "100% Excited About the 15th" 8-10-2022

KTFA:

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

10th August, 2022

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

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

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

He also indicated that “floating the currency without diversifying the economy will have negative repercussions on the purchasing power of the Iraqi consumer, especially the middle and poor groups,” adding that, “the float is on the table with the government in the long run because of its importance in stimulating the production process in the country.”

It is noteworthy that some officials talk from time to time on the necessity of floating the currency and liberalizing it to preserve the hard currency reserves with the Central Bank.  

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Tivon:  Say what? The government is not thinking of floating the currency in light of every conceivable reason to do exactly that for the same reasons they said it's not feasible? You don't say. Do you see how they undermine the Iraqis when they were already told by the CBI and their news media to expect their currency to float soon?

Do you guys know what a rentier economy is? A rentier economy depends on government policy, it is particularly susceptible to plutocracies, oligarchies, "crony-capitalism," and other forms of corruption, leading to public mistrust in big business, government, and the social/economic elite.

Guys, he's referring to a old regime that has already forfeited over their power to the demands of the citizens where they are no longer at the mercy of a small select proxy who create economic conditions by divesting, siphoning, pillaging, and plundering communities into the ground because of their greed.

Keep in mind Al-Kazemi didn't announce his cabinet yet. Also keep in mind that he can do the reverse by brining purchasing power first or do both as an interim gov.

These were the same people trying to use the USD rate as a political tool to gain the trust of the citizens to make them think voting in the Coordination Framework would be of their best intrest simply by what the reduction represents. Which is "Purchasing Power". Something we know Al-Maliki did not want as it goes against the reason he wants power in the first place which is contingent upon the Iraqis remaining poor.

 Another excuse he brought in this article is the hard currency reserves and its so called limited supply. Remember, the operandi of the government is to convince you of scarcity. I am not even going to mention the gold reserves. To easy.

Let's just go back on what Mazhar Muhammad Saleh stated when they mentioned that the hard currency reserves are nearly covered. Which protects against inflation and market fluctuations. Hell, he didn't even mention the EFSL. Which was specifically designed to address all the areas of concern.

All provision of the EFSL was initiated on July 17th. Which is aimed at reducing poverty. Creating financial stability. Achieve food security. Along with social protection.

One example to sum up everything is to look at Post-57. A protest was diverted in an area where electrical issues were of concern for the people in the Kanaan district. What did one man do that the "The Government" couldn't provide that prevented demonstrations for basic needs? He addressed a economic issue outside of government intervention without waiting or hesitating to issue  direct assistance by going directly to that specific community that the local government neglected.

Not only that they also addressed the water problem in that same district through security forces. They said the dangers and threats of displacement due to droughts have disappeared. He didn't come up with an excuse by referring to limited resources and the lack of funding. 

Do you see why it's important to focus on the men in the field? The ones with boots on the ground. The ones who are directly interfacing with the people. That is what this entire investment has morphed into ever since Al-Kazemi took up the mantel to address the pervasive issues facing the citizens of Iraq.

And that's the same attitude Abdul Karim Shammari brought to the local Kanaan district and assisted those people without giving them a thousand reasons as to why it can't be done. Why? Because more than likely they been hearing this type of rhetoric for years.

 I wish I could say more bit I am pressure for time. We are in a season of action. No more talking. You are seeing it as they say it if it needs to be uttered to reassure the people that they will no longer be abused. And that their needs will be met. Imo  LINK

Post 57:  Postponing massive demonstrations near Baquba after a relative improvement in the supply of electricity 

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Clare:  REMEMBER WHAT FRANK SAID ON THE LAST UB2B:

"I BELIEVE THAT IT WILL BE KAZEMI THAT MAKES THE ANNOUNCEMENT TO THE CITIZENS, RIGHT AFTER HE ANNOUNCES HIS GOV’T … I MEAN, FRACTIONAL SECONDS AFTERWARDS"....FRANK26

IN FRANK'S OPINION AND imo

"Right now we are at where we want to be. So let things unfold from here and stay focused on what you know to be true. There is no reason to jump ship and assume the worst for any conceivable outlook that this is about to come to a conclusion. You are watching these men work the system and bring it to it's needs and the feet of the citizens without any push back. This will continue for other things the citizens are anticipating to be presented very soon. Imo" - TIVON

I TOTALLY AGREE WITH YOU TIVON imo

Samson:  Al-Sadr asks the judiciary to dissolve the Iraqi parliament and the President of the Republic to set a date for the elections

10th August, 2022

On Wednesday, the leader of the Sadrist movement, Muqtada al-Sadr, asked the judicial authorities to work on dissolving the Iraqi parliament within a maximum period of next week, urging at the same time the President of the Republic of Iraq, Barham Salih, to set a date for early legislative elections in the country.

Al-Sadr said in a tweet seen by Shafak News Agency, "Someone may say: The dissolution of parliament needs to hold a parliament session to dissolve itself. No, there are blocs that adhere to quotas and persistence in corruption and will not succumb to the people's demand to dissolve parliament, but I say: The parliament's dissolution is not limited. with that.”

He added, "From here, I address my words to the competent judicial authorities, especially the President of the Supreme Judicial Council, hoping that they correct the course, especially after the end of the brief constitutional deadlines and others for Parliament by choosing the President of the Republic and assigning a Prime Minister to form a government of stakes, as well as the national or independent majority and away from the old, grim faces that despair Including the people, and if they are not corrupt, they are either deficient or deficient.

Yes, I direct my words to the Iraqi judiciary, from which we still hope for good despite the political and security pressures it is subjected to and leaks from here and there, provided that it dissolve Parliament after those constitutional violations above.. ...within a period not exceeding the end of next week, and graciously assigning the President of the Republic to set a date for early elections, subject to several conditions that we will announce later.

And he continued, "During this, the revolutionaries will continue their sit-ins and their revolution, may God reward them with the best reward... and they will have another position if the people fail again, and we ask all the revolutionaries, the resigned Sadrist bloc, other deputies, and all lovers of the homeland to submit official lawsuits to the Federal Court and through legal means and through the centralization of the committee." It is clear that the elimination of the stake is at stake, and we hope that it will take into account the interest of the people and not be afraid of pressures, as I am sure that many judges are with the people and with reform.”  LINK

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Tivon:  A man of action. I guess Al-Sadr is turning a new leaf. My older comment from the beginning of the year (Before The EFSL)  didn't hold him in high regard. If any of you remember that. But as you can see he is directly aiding in the resurrection of the phrase "Power To The People".

I can't point out anything I wouldn't do in the current environment. Al-Kazemi has some heavy hitters in his corner. And it will not stop anytime soon. The people know what's going on now. They are privy to the proxies.

What a time to be alive as investors seeing it all come together. We are approaching historical times. I can not wait for the coming days ahead. We all know where this is going. The only thing left to do is the obvious. Citizens Entitlements. This is the bottom line.

 I will wait for the remainder of the week for clearer insight on the matter. Right now we are at where we want to be. So let things unfold from here and stay focused on what you know to be true.

There is no reason to jump ship and assume the worst for any conceivable outlook that this is about to come to a conclusion. You are watching these men work the system and bring it to it's needs and the feet of the citizens without any push back. This will continue for other things the citizens are anticipating to be presented very soon. Imo

Jerry1971:  Sadar is up to the mark in getting this hope less and useless parliament dissolved hopefully by next week thus enabling Kazemi to announce his govt to his people also bringing forth the announcement of the new iqd rate exciting times in Dinarland. IMO. 

Grant123:   One day we will wake up and be blessed! A lot needs to be sorted out in a short time period! Let’s hope they can do it! IMO

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Calandig:  Good day family. I wanted to highlight the importance of the phrase “next week “.  This is strictly in my opinion so I could be totally off but it you notice when the Middle East uses the word “next” when referring to days it’s within the very same week (ex. if they say today next Thursday that means tomorrow).

So, by applying this point of view that phrase “next week “ I believe could mean either tomorrow (Thursday) or Sunday 8/14.

Why do I believe this? I’m glad you asked. On Friday 7/29, the IMF had a press release concerning the SDR basket for 2022-2027(in the FAT). The results of their findings go into effect on 8/15. Again, just my opinion. 

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Tivon:  Even without the drop dead date of August 15th. We know a few things. The first being the dissolution by default will activate Al-Kazemi and his government. Given that he will act as an interim transitional authority. He will officially hold all power to activate reforms at anytime he sees fit. So it doesn't matter if he does it before or after the 15th.

The second thing is that we know all banks will be ready for the new digital platform by that date. Which is another plus for us. We know based off what he already told the citizens along with the guy from Al-Sadr camp that the citizens will have their demands met in days.

So you guys do not have to put pressure on yourselves about the 15th.

Don't forget that even the citizens know they no longer have obstacles in front of them. That says a whole lot. They are waiting for Al-Kazemi. This is who I am focused on. Let this guy bring it home for us. What has he promised up until this point that he has not delivered on besides the reforms itself? We are actually seeing it with our own eyes without any special obscure intel.

We know what's next. We don't need the UN, IMF, AMF, World Bank, CBI. Or US Treasury to tell us that. You should be ready regardless. On the 15th and afterwards. Imo

I am 100% excited about August 15th. Why? Because for the first time in this investment all banks in Iraq will be ready for the new rate. Al-Kazemi could announce on that date or afterwards his interim government.  Then the next day the CBI can reinstate the currency.

I think regardless of the 15th it will go in that order. Or it can all happen at once within hours. Regardless the sequence can happen in a consecutive fashion or a concurrent manner. I am good either way because we know what supposed to happen and there's nothing wrong with that. Imo

Samson:  Al-Kazemi's advisor talks about the possibility of approving budgets for more than one fiscal year

10th August, 2022

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained, on Wednesday, the possibility of approving budgets for more than one fiscal year

Saleh said, to the official news agency, that "the amended Financial Management Law No. 6 of 2019 refers to the approval of the general budget on an annual basis, as the draft law sent by the executive authority is presented in the House of Representatives to legislate the law called the Federal General Budget Law," noting that "The global applications of the general budget are mostly annual

He explained, "Iraq adopts a strategy for the general budget that extends for the next three years and is in line with the indicators of the country's economic development plan, but it is subject to amendment annually

He pointed out that "a proposal that the general budget for more than one fiscal year requires amending the effective financial management law, abandoning the annual budget and replacing patterns of budgets that are approved for a number of years," noting that "this type of budgets will grant the financial authorities in particular and the executive authority in general." High flexibility in adjustment and response to developments, economic conditions and emergency financial surprises when legislating a general budget that extends for more than one fiscal year

He added, "The proposal has not been implemented in the world's financial experiences, so it is necessary to study the issue with one of the multilateral international financial organizations, of which Iraq is a member, in order to study the idea in accordance with the approved systems in public finance and its global applications and to assess the legal effects." and accounting related to the foundations of governance of public budgets of this type  LINK
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Governmental Adviser: Iraq adopts a budget strategy for the next three years  LINK

Tivon:  Wow- That is actually crazy. Are you all seeing this? It is over for the corrupt. Al-Kazemi and his cabinet are pivoting hard. They know the EFSL is already cleaning house. So they want to implement a fail-safe once that law expires into next year and have a general budget in place that will basically be an extension of the EFSL.

 It's subject to amendment annually just in case certain areas financially present unique issues where over/under spending could present problems in the newly emerging markets Iraqis will grow into. They can write a 3 year spending plan and adjust it at the end of or beginning of any fiscal year to maintain a economic flow sense they will no longer be relying on oil to bolster their GDP.

They need to make sure the alternative revenues are keeping pace with growth for longer periods. Plus it keeps the political aspect in check and retains a consistent agenda for the party that builds trust with the citizens where they are not concerned to much with hoping a new budget doesn't stifle growth because it lacked the funding of the previous one.

This is just my personal view as I am sure it's way more layered. But this makes total sense and is very genius. This will basically keep Al-Kazemi in power even if he's not in office anymore beyond his tenure. I mean...emergency financial surprises? IMO

Iraqi News Wednesday AM 8-10-22

Iraqi News Wednesday AM 8-10-22

Tlm724 Administrator Bondlady’s Corner

Sarwa Abdul Wahed Announces Boycott Of The Meeting Of Kurdish Parties Under The Supervision Of The United Nations

Wed, Aug 10 2022 12:31 PM   Baghdad / National News Center   The head of the New Generation Parliamentary Bloc, Sarwa Abdul Wahed, announced today, Wednesday, a boycott of the meeting of Kurdish parties under the supervision of the United Nations over the elections in the Kurdistan region.    https://nnciraq.com/146342/

He Vowed To Continue The Sit-In.. Al-Sadr Pressures The Judiciary To Dissolve Parliament

Political | 04:34 - 10/08/2022   Najaf - Mawazine News  The leader of the Sadrist movement, Muqtada al-Sadr, demanded, on Wednesday, the Supreme Judicial Council to dissolve the House of Representatives before the end of next week.

Al-Sadr said in a tweet via Twitter seen by / Mawazine News /, "Someone might say: The dissolution of Parliament needs to hold a parliament session to dissolve itself. No, there are blocs that adhere to quotas and persistence in corruption and will not succumb to the people's demand to dissolve Parliament, but I say: The solution Parliament is not limited to that."

He added, "From here, I address my words to the competent judicial authorities, especially the President of the Supreme Judicial Council, hoping that they correct the course, especially after the end of the brief constitutional deadlines and others for Parliament by choosing the President of the Republic and assigning a Prime Minister to form a government of stakes, as well as the national or independent majority and away from the old, grim faces that despair Including the people, and if they are not corrupt, they are either deficient or deficient.

Yes, I direct my words to the Iraqi judiciary, from which we still hope for good despite the political and security pressures it is subjected to and leaks from here and there, provided that it dissolve Parliament after those constitutional violations above.. ...within a period not exceeding the end of next week, and graciously assigning the President of the Republic to set a date for early elections, subject to several conditions that we will announce later.

Al-Sadr continued, "During this, the revolutionaries will continue their sit-ins and their revolution, may God reward them with the best reward... and they will have another position if the people fail again, and we ask all the revolutionaries, the resigned Sadrist bloc, other deputies, and all lovers of the homeland to submit official lawsuits to the Federal Court, through legal methods and through centralization.

" The committee supervising the sit-ins will present them to the competent judicial authorities. It is clear that the elimination of the stake is at stake, and we hope that it will take into account the interest of the people and not be afraid of pressures. I am sure that many judges are with the people and with reform.” Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=202037

The Supreme Judicial Council: We Have No Authority To Dissolve Parliament

Political | 05:27 - 10/08/2022   Baghdad - Mawazine News  On Wednesday, the Supreme Judicial Council issued a clarification regarding its powers to dissolve the House of Representatives.

And the judiciary stated in a clarification issued on March 22, 2022, a copy of which was received by Mawazine News, that “Iraq is a constitutional and political system country, and the mechanisms for forming authorities in it are based on the principles and provisions defined by the Constitution of the Republic of Iraq for the year 2005, which stems from the will of the Iraqi people who chose their system.

Political problems are dealt with in accordance with the constitutional provisions only, and no party, whether judicial or otherwise, may impose a solution to the state of political obstruction except in accordance with the provisions of the Constitution.

The Council is dissolved by an absolute majority of its members with two options, the first at the request of one-third of its members, and the second at the request of the Prime Minister and with the approval of the President of the Republic.

He added: "From this text, it is clear that no other party, including the judiciary, in both its ordinary and constitutional parts, has the power to dissolve the House of Representatives because there is no constitutional or legal basis for this procedure."

Earlier today, Wednesday, the leader of the Sadrist movement, Muqtada al-Sadr, called on the Supreme Judicial Council to dissolve the House of Representatives before the end of next week.

Al-Sadr said in a tweet via Twitter seen by / Mawazine News /, "Someone might say: The dissolution of Parliament needs to hold a parliament session to dissolve itself. No, there are blocs that adhere to quotas and continue to corruption and will not succumb to the people's demand to dissolve Parliament, but I say: The solution Parliament is not limited to that."

He added, "From here, I address my words to the competent judicial authorities, especially the President of the Supreme Judicial Council, hoping that they correct the course, especially after the end of the brief constitutional deadlines and others for Parliament by choosing the President of the Republic and assigning a Prime Minister to form a government of stakes, as well as the national or independent majority and away from the old, grim faces that despair Including the people, and if they are not corrupt, they are either deficient or deficient.

Yes, I direct my words to the Iraqi judiciary, from which we still hope for good despite the political and security pressures it is subjected to and leaks from here and there, provided that it dissolve Parliament after those constitutional violations above.. ...within a period not exceeding the end of next week, and graciously assigning the President of the Republic to set a date for early elections, subject to several conditions that we will announce later.

Al-Sadr continued, "During this, the revolutionaries will continue their sit-ins and their revolution, may God reward them with the best reward... and they will have another position if the people fail again, and we ask all the revolutionaries, the resigned Sadrist bloc, other deputies, and all lovers of the homeland to submit official lawsuits to the Federal Court, through legal methods and through centralization.

" The committee supervising the sit-ins will present them to the competent judicial authorities. It is clear that the elimination of the stake is at stake, and we hope that it will take into account the interest of the people and not be afraid of pressures. I am sure that many judges are with the people and with reform.” Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=202040

With A Difference Of 100 Dinars.. Dollar Exchange Rates On The Iraqi Stock Exchange

Economie| 09:44 - 10/08/2022   Baghdad - Mawazine News, the dollar exchange rates stabilized today, Tuesday, on the Iraqi Stock Exchange.  Selling price: 148,600 dinars per $100,  buying price: 148,500 dinars per $100 https://www.mawazin.net/Details.aspx?jimare=201992

The Rise In US Crude Stocks Brings Down Global Oil Prices

Economie| 08:56 - 10/08/2022  Follow-up - Mawazine News: Oil prices fell, Wednesday, after industrial data showed that US crude stocks rose unexpectedly last week, although concerns about supplies kept losses in check.  Brent crude futures were down 21 cents, or 0.2 percent, at $96.10 a barrel at 04:23 GMT.

US West Texas Intermediate crude futures were down 28 cents, or 0.3%, at $90.22 a barrel. Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=201986

Oil Falls Below $95

Energy   Economy News – Baghdad Oil prices continued to decline, today, Wednesday, to record the price of a barrel below 95 dollars.  In the latest update, Brent crude futures recorded $94.47 a barrel, while its price of US crude was $88.77.    Added 08/10/2022 - 5:19 PM   Update 08/10 2022 - 5:46 PM

https://economy-news.net/content.php?id=29262

Trial Scales  

August 10, 2022   The Central Bank of Iraq demands exchange companies, categories (A) and (B) with trial balances...To view, click here https://cbi.iq/static/uploads/up/file-166011944738749.pdf

https://cbi.iq/news/view/2057

The Iraqi Insurance Company Announces The Provision Of New Insurance Coverage

Money and business  Economy News-Baghdad   The Iraqi Insurance Company announced, on Wednesday, the start of expanding insurance coverage in response to the market need and to expand the services provided by it to serve the Iraqi economic sector .

The company's general manager, Wissam Mohammed Al-Khorsan, said in a statement that "the company offers distinct documents that cover the risks of (ship hull insurance), (aviation responsibilities insurance), (aircraft insurance) (commercial general liability insurance for companies) and other documents that provide full protection for lives and public and private property. Which is considered one of the means of attracting investment capital .

He added that this "comes within a comprehensive strategic roadmap aimed at developing the company's work, which is one of the ways to advance the company and restore its global role in the map of international companies specialized in insurance work, which will reflect positively on the public interest, maximizing revenues and advancing the economic wheel . "

Views 103   Added 08/10/2022 - 1:13 PM  Update 08/10 2022 - 5:48 PM

https://economy-news.net/content.php?id=29256

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

https://www.bondladyscorner.com/

"Tidbits From TNT" Wednesday Morning 8-10-2022

TNT:

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

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

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

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

He also indicated that "floating the currency without diversifying the economy will have negative repercussions on the purchasing power of the Iraqi consumer, especially the middle and poor groups," adding that, "the float is on the table with the government in the long run because of its importance in stimulating the production process in the country."

It is noteworthy that some officials talk from time to time on the necessity of floating the currency and liberalizing it to preserve the hard currency reserves with the Central Bank.   link

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

Tishwash:  Despite paying all the war debts, Iraq is obligated to pay other money to Kuwait

Iraq's permanent envoy to the United Nations, Muhammad Hussein Bahr Al-Uloum, announced today, Wednesday, that Iraq will pay all the foreign debts imposed on it within the Security Council resolution as a result of the occupation of Kuwait, while indicating that there are bilateral debts .outside this resolution that Iraq is still committed to paying

Bahr Al-Uloum (Baghdad today) said that "there is a debt owed by Iraq to Kuwait, ".although it was able, within the Paris Club, to reduce 80% of the debt

He added that "Iraq negotiated with countries on a bilateral basis and was able to extinguish some of them and some of them were paid.

These debts, although related ".to the previous regime, are not linked to the UN Security Council Bahr Al-Uloum indicated that "there is international cooperation regarding the ".remaining debts to reduce many of them    link

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

Tishwash:  Sources: An upcoming meeting of the coordination framework to take decisions to dissolve parliament and go to early elections

Sources close to the coordination framework revealed, today, Wednesday, that an important meeting of the leaders of the framework will be held tomorrow, Thursday.

The sources, who requested anonymity, confirmed that "the leaders of the coordination framework will hold an important meeting tomorrow evening, Thursday, in Baghdad, in order to take important decisions regarding the next stage."

Indicating that "the decisions hoped to be taken are related to dissolving the parliament and going towards early parliamentary elections, in addition to the framework's position on forming the new government, in light of the Sadrist movement's sit-in inside the Green Zone and near the Iraqi parliament building.   link

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

CandyKisses:  Al-Kazemi from Mosul: We hope to solve the political blockage, and the corrupt will become terrorists

Prime Minister Mustafa Al-Kazemi expressed his hope to "resolve the political impasse," calling for "dialogue between all partners."

 In his speech on the occasion of laying the foundation stone for the reconstruction of Mosul International Airport, Al-Kazemi said: "We are working to overcome challenges, as Iraqis deserve to provide the best, and service projects we will continue to complete to serve the people." He added, "I am here today to fulfill my promise to lay the foundation stone for Mosul Airport. We were a little late, but the achievement came correctly."

And Al-Kazemi indicated that "the Mosul airport project is a strategic project for Umm Al-Rabeein, and direct work will start from today," noting that "Mosul has suffered a lot of confusion and the policies of terrorism."

"How do we turn challenges into opportunities, as they need cooperation and mobilization of energies for a future worthy of Iraqis," he asked. He stressed, "We will not allow the corrupt to invest in projects to squander the people's money and for everyone who works for them and the corrupt will be the fate of the terrorists.

And Al-Kazemi continued, "We are happy to lay the foundation stone with everyone, with the presence of government members and parliamentarians, and Mosul Airport, which will provide job opportunities, transport and investment."

He praised "the other projects of the province, and soon we will attend the opening of the Great Al-Nuri Mosque. We thank those who worked in the reconstruction of the Great Al-Nuri Mosque from UNESCO and the consulting office of Engineer Rakan Al-Allaf."

Mot: ......... Only Those With Cats can Relate! - LOL ~~~~

Mot:  .... Insight into Raising the ""Wee Folks"" ~~

Wednesday AM Iraq Economic News Highlights 8-10-22

Wednesday AM Iraq Economic News Highlights 8-10-22

The Food Security Act Leaves A New Shock To The Graduates And The Unemployed

Posted On2022-08-10 By Sotaliraq     Baghdad/ Saif Abdullah   The law of emergency support for food security and development, which was recently enacted, revealed the large amount of unemployment in all Iraqi governorates, as the funds allocated by the law do not meet the actual need for job seekers.

On June 8, 2022, the Iraqi parliament voted on the law on emergency support for food security as a whole.

And the Parliament’s media department stated, “The law aims to achieve food security, reduce poverty, achieve financial stability in light of urgent global developments, continue to provide services to citizens and raise the standard of living for them after the budget law expires, creating job opportunities, maximizing Iraqis’ benefit from state resources, advancing development and resuming Work on stalled and lagging projects due to lack of funding and the progress of new projects of importance.”

The only solution to the problem of Iraq

In this regard, a member of the Parliamentary Finance Committee, Sajjad Salem, confirmed that “the job grades that came within the Food Security Law are 1,000 degrees for each governorate, and this number is insufficient and is not commensurate with unemployment and graduates.”

Salem said in an interview with Al-Mada, "The government should look into other areas, especially in the private sector, to provide job opportunities through the adoption of the Social Security Law for the private sector," expecting that this law "is the only solution to the problem of unemployment in Iraq."

He pointed out that "the numbers that applied for appointment within the thousand degrees, which reached forty thousand or more, reveal the size of unemployment in Iraq and the huge numbers that are actually tangible."

Notes On The Law

For his part, the economic expert Mahmoud al-Mashhadani explained that there are many observations in the Food Security Law in terms of paragraphs, including the issue of a thousand degrees for each governorate.

Al-Mashhadani said in an interview with (Al-Mada), that "Iraq needs large numbers of job grades to appoint graduates, and therefore these degrees are not sufficient in the first place."

Al-Mashhadani asked, “Why did the government approve a thousand degrees for each governorate? On what basis was it adopted? As the numbers and areas of each governorate differ from the other, not to mention the percentages of poverty and deprivation in some cities.”

Legal Objection

In addition, the legal expert, Adnan Al-Sharifi, considered that “the food security law is fundamentally contrary to the fact that Parliament cannot present bills for itself; Then he would vote on it. Rather, the first was to submit the government’s proposal to Parliament for a vote.”

Al-Sharifi said in an interview with Al-Mada, “It is forbidden for the caretaker government to invalidate bills,” noting that “Parliament has the right to legislate laws that do not entail financial obligations.”  LINK

Finance Announces The Release Of Funds For Lecturers And Administrators In The Governorates

Money and business   Economy News-Baghdad  Today, Wednesday, the Ministry of Finance announced the release of financial amounts for lecturers and administrators, as well as labor and social security contributions for the governorates .

A statement by the ministry stated, "The Ministry of Finance has started implementing the Diwani Order No. 35 of 2022, which includes the release of financial amounts for lecturers and administrators, labor and social security contributions for the governorates, covered by the Emergency Food Security Support Law No. 2 of 2022. "    59 . views   Added 08/10/2022 - 12:08 PM   Update 08/10 2022 - 1:33 PM

https://economy-news.net/content.php?id=29253

With A Difference Of 100 Dinars.. Dollar Exchange Rates On The Iraqi Stock Exchange

Economie| 09:44 - 10/08/2022  Baghdad - Mawazine News, the dollar exchange rates stabilized today, Tuesday, on the Iraqi Stock Exchange.

Selling price: 148,600 dinars per $100,  buying price: 148,500 dinars per $100

https://www.mawazin.net/Details.aspx?jimare=201992

Official Statistics: Ashura Visitors Made 220 Million Phone Calls In Two Days

Money and business   Economy News-Baghdad   Statistics prepared by the Media and Communications Authority showed, on Wednesday, that the rates of mobile phone use doubled during the days of the Ashura visit for the period from the eighth to the tenth of Muharram, with a percentage exceeding 100% in some communication indicators.

The Commission recorded that licensed mobile phone companies in Iraq passed more than 220.5 million phone calls during the above period, while there were 155,783 foreign users of mobile phone networks within international roaming services, and the number of international external calls reached 303,800 calls.

Regarding Internet services, the Authority’s indicators recorded a total data consumption through mobile networks, with an amount of

583,449 terabytes, an increase of 101.70% over last year, with a download rate of 40 Mbit/s and an upload rate of 13 Mbit/s.    6 . views   Added 08/10/2022 - 12:39 PM   Update 08/10 2022 - 1:23 PM

https://economy-news.net/content.php?id=29255

An Expert Talks About Iraq's Loss Of Two Million Dollars A Day.. Where Do You Go?

Article at link:    https://baghdadtoday.news/ar/news/197488/A

A Pessimistic Report By The United Nations: A Mass Exodus In Iraq And The Drowning Of 3 Provinces

Reports   Economy News – translation

A recent report issued by the United Nations Office for Coordination warned that the risk of migration between Iraqi governorates is increasing due to climate changes and the exacerbation of drought problems, indicating that some areas in southern Iraq may be subject to inundation due to the rise in the water level of the Arabian Gulf.

The report, titled "Migration, Environment and Climate Change in Iraq", translated by "Al-Iqtisad News", stated that "Basra, Maysan and Dhi Qar, the three governorates that make up southern Iraq, tend to record the largest number of internal displacement caused by water over the past decade, mainly due to water scarcity.

Pollution and soil salinity in some villages, especially in Dhi Qar, the residents of up to half of the houses migrated, and the lack of water led to the displacement of nearly 15,000 new displacement cases in Dhi Qar, Maysan and Basra in 2019 and in November, 2021 the International Organization for Migration recorded the displacement of 12 thousand and 348 A person from southern Iraq due to drought."

He added, "About 8% of families in Basra, 3% in Dhi Qar and 13% in Maysan, depend entirely on agriculture, livestock or fishing, and they do not have an alternative source of income such as working in the government or security forces, and these percentages are equivalent to approximately 75,000 people." ".

"The past five years witnessed, many families completely abandoned agricultural livelihoods, as 7% of all agricultural families gave up, including 4% in Basra, 12% in Dhi Dhakkar, 8% in Maysan, and 20% of families in southern Iraq abandoned agriculture after one of its members emigrated in the past five years (a much higher rate than non-farm families), while another 30% per cent indicated that they were considering emigrating. According to the report.

The report warned that "floods are another major danger in southern Iraq, as heavy rains have caused widespread flooding in Basra and Maysan, damaging or destroying homes and displacing entire communities in the affected areas."

And he warned that "the climate threat may lead to floods resulting from rising sea levels. By 2050, the areas in the far south of Iraq (mostly populated in Basra, but also Maysan and Dhi Qar) may be partially submerged as a result of rising sea waters. saline water to groundwater aquifers will further disrupt irrigation and agricultural activities, exert additional pressure on arable lands and cause the displacement of an entire community.

134 . views   Added 08/10/2022 - 10:52 AM  Update 08/10 2022 - 1:36 PM

https://economy-news.net/content.php?id=29251

"In Order To Understand The World, I Understand The Economy." A New Book By An Iraqi Economist At The University Of Bucharest

money and business   Economy News-Baghdad  Recently, Barnes and Noble Publishing House in Norway published a book (In order to understand the world, I understand the economy) by the Iraqi economist Dr. Nawar Al-Saadi, Professor of International Economics from the University of Bucharest, Romania and Director of the Research Center at Cihan University - Duhok.

The book consists of three parts (409) pages, where the first part includes the basic concepts of the economy in a simplified way for all, such as: what is the macro and micro economy, trade balance and balance of payments, gross domestic product and national product, monopoly, demand and supply...etc, from Then the common economic systems such as the market economy, the traditional and the common, in addition to the most important problems that the economy deals with such as (what do we produce, how do we produce and for whom do we produce).

The second part deals with the importance of the economy in our daily lives as individuals, such as the financial management of the family, how to start investing, how to become a good financial analyst, the role of the economy in the performance of private sector companies, and then the importance of the economy for the state at the security, political and social levels.

As for the third part, it deals with: the global economy such as trade wars, international financial institutions, hegemony over energy, economic sanctions, financial crises, causes and solutions.

Then the conclusion about how the economy will look like in the future and talk about (the knowledge economy) and the impact of technology and globalization, clean energy and the most important jobs threatened with extinction and what are the alternative jobs,

What are the skills required for the upcoming job market?

The book is now available on the following global platforms:

1. Amazon USA website at the link below:

https://www.amazon.com/dp/B0B8R8WM1X

2. Google Books website link:

https://books.google.iq/books/about?id=_yF_EAAAQBAJ...

3. British Smashwords website link:

https://www.smashwords.com/books/view/1159042

4. Goodreads website link:

https://www.goodreads.com/.../61868282-to-understand-the...

5. Barnes & Noble Norway website link:

https://press.barnesandnoble.com/reach-millions-of-readers

Dr. Al-Saadi has many books and research published in international scholarly journals, including the book "Globalization of the Free Economy", which achieved great success in the number of copies sold on the American Amazon website.   55 . views   Added 08/10 2022 - 10:27 AM   Update 08/10 2022 - 1:36 PM

https://economy-news.net/content.php?id=29250

Tuesday PM Iraq Parliament News Highlights 8-9-22

Tuesday PM Iraq Parliament News Highlights 8-9-22

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."

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

The political scene is living in a crisis situation and a dead end unprecedented in the history of Iraq, as more than 300 days have passed since the early elections without being able to form a new government in the country, and the survival of the caretaker government headed by Mustafa Al-Kazemi.

On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating reality The service and the livelihood, which prompted the former prime minister, Adel Abdul-Mahdi, to resign under popular pressure.

As soon as the preliminary results of the elections were announced, the voices of forces and political actors rose in their rejection of losing many seats, accusing them of major fraud in the ballot, which was denied by the executive and judicial authorities, at a time when the United Nations and international organizations praised the integrity of the electoral process.   LINK

Al-Sadr: Reform Will Defeat Corruption In Iraq

Posted On2022-08-09 By Sotaliraq   The leader of the Sadrist movement, Muqtada al-Sadr, said Monday in a new tweet on the social networking site "Twitter" that reform will defeat corruption in Iraq.

Al-Sadr said in his tweet, which came on the occasion of the approaching Ashura of Imam Al-Hussein (peace be upon him), which falls on Tuesday in Iraq, in which he said: “Oh God, accept our current protest stance in the Green Zone with you. “.

He added: "Just as blood triumphed over the sword in kindness, so will reform triumph over corruption in our beloved Iraq."

We follow together the text of Mr. Al-Sadr's tweet: LINK

After Defining His Demands, Will Al-Sadr Negotiate The Coordination Framework?

Posted On2022-08-09 By Sotaliraq   The researcher in political affairs, Nabil Jabbar, stressed today, Monday, the difficulty of conducting early negotiations between the leader of the Sadrist movement, Muqtada al-Sadr and the coordination framework, expecting the return of political intersection between the two parties.

Jabbar said in an interview that "it is very difficult to conduct early negotiations between al-Sadr and the framework forces, at least for the time being," noting that "the tour of the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Plasschaert, between the head of the Al-Fateh al-Amiri coalition and al-Sadr during the past days was expressive of The extent of the isolation between the two parties.

He added, "If we assume the return of negotiations, it is difficult to predict a breakthrough or to expect a political agreement to end the crisis. Al-Sadr had previously lowered the ceiling of his demands to focus exclusively on holding new and early elections."

And he indicated that "the legal path to re-election may require the formation of the government first, the drafting of a new electoral law, and then setting a date for holding the elections and a session to dissolve parliament, and perhaps this will not be an easy matter."

Jabbar expected "the return of political intersection between the two parties, which foreshadows the return of fears of confrontation in the street, and it is possible to consider the existing period as a period of political truce during which the two parties try to find a way to end the crisis while preserving the gains for the benefit of each of them." LINK

Sadr's Supporters Inaugurate The Ninth Day Of The Sit-In With Hundreds Of Tents

Posted On2022-08-09 By Sotaliraq   For the second week, al-Sadr's supporters continue their sit-in in the vicinity of Parliament with the same demands. Dissolving Parliament, and holding early elections that do not include old faces.

The story started from the Ministry of Defense gate at the end of the Al-Jumhuriya Bridge, and although the road to Parliament is closer if you continue in a straight line, the protesters preferred to turn left to pass through the Green Zone, where government headquarters and diplomatic missions are.

This turn may have been to gain more time and show strength and numbers on the road.

As soon as the crowd began to reach this door, cheers and chants erupted, and within minutes they were able to sit on the red benches.

Despite the temperatures that broke the fifty mark, the protest pace continued inside and outside the parliament building, making the political scene in the country complicated after the crowds insisted on staying and waiting for the instructions of tenderness.

The number of protesters reached the most, at the end of the sixth day of the protest, after 4 provinces joined in preparation for Friday prayers in the celebrations square, and entry to Parliament was not limited to the staff gate, as the back gate of representatives and presidents was also filled with protesters after its opening.

In the celebration square, the prayer was held on the seventh day. The number of arrivals at mid-afternoon on Friday could not be estimated, but in the general view it was close to a million worshipers.

Mr. Muhannad Al-Moussawi's sermon confirmed Al-Sadr's insistence on maintaining the sit-in until Parliament was dissolved so that the same scene would continue, and the only change was the evacuation of Parliament and the protest in its surroundings.

Today, the protesters inaugurated new tents around the parliament, enough to double the existing number, and this is an indication of the expansion of the protest area in the coming days.  LINK

Al-Sadr Proposes A "Solution" To The Political Crisis: Forming A Government Devoid Of The Sadrists And "Malikis"

Shafaq News/ An informed political source revealed, on Monday, a proposal by the leader of the Sadrist movement, Muqtada al-Sadr, to form a government without the participation of his bloc and the State of Law coalition, to get out of the political crisis.

The source told Shafaq News Agency, "The leader of the Sadrist movement, Muqtada al-Sadr, sent messages to the coordinating framework forces, which included a proposal aimed at ending the political crisis in Iraq, by forming a new government, without the participation of the State of Law coalition led by Nuri al-Maliki and the absence of the Sadrist movement's participation in it." ".

And that "the tasks of the government will be for a period of one year only, during which it will prepare for holding early parliamentary elections in September of next year, and the prime minister will be consensual between the Sadrist movement and the coordination framework."

The source pointed out that "the leaders of the coordinating framework have not yet responded to al-Sadr's proposal."

The political process in Iraq, since the announcement of the election results in October 2021, has witnessed a suffocating obstruction, which culminated in the alliance of the Sadrist bloc with the Kurdistan Democratic Party and the Alliance of Sovereignty, and then when the House of Representatives held a session to elect the President of the Republic, who in turn assigned the largest parliamentary bloc to form The government, and escalated further after the Sadrist bloc’s 73 deputies submitted their resignations from the House of Representatives at the request of the Sadrist leader Muqtada al-Sadr. Their leader Muqtada al-Sadr.  LINK

Al-Sadr: God Does Not Judge Us (The Corrupt)

Shafaq News/ The leader of the Sadrist movement renewed, on Tuesday, his refusal to take over the reins of power in Iraq from what he called the corrupt.

This came in a tweet he posted on social networking sites "Twitter" on the occasion of the tenth of Muharram, the anniversary of the killing of Imam Hussein bin Ali and a group of his family and companions in the year 61 AH by the army of the Umayyad Caliph Yazid bin Muawiyah, what is known as the "Al-Tuff" incident in Karbala, Iraq.

Al-Sadr said in his tweet today, "God does not judge us (corrupt), and like me, he does not pledge allegiance to (corruption), will not Nasser help us!?"

Al-Sadr's position comes after the head of the State of Law coalition, Nuri al-Maliki, refused, on Monday, to dissolve the Iraqi parliament and hold early elections, except after the parliament returns to meeting normally.

Al-Sadr recently adopted the slogan of dissolving the House of Representatives and proceeding to hold early elections in the country, after bringing the followers of the current to the street in a clear position in raising the ceiling of demands against the background of the failure in the political process.

The political scene in Iraq has undergone serious developments since supporters of the Sadrist movement led by prominent Shiite cleric Muqtada al-Sadr stormed the parliament building in the fortified Green Zone in central Baghdad, and protested against the nomination of the coordination framework, Muhammad Shia Al-Sudani, for the position of Prime Minister for the next federal government.

Then, near the suspension bridge leading to the Green Zone, demonstrations against the Sadrist movement took place by the audience of the coordination framework, after an invitation from the "Organizing Committee to Support Legitimacy and Preserve State Institutions."

The Sadrist bloc had obtained the highest votes in the early legislative elections that took place in October of 2021, but the efforts of the leader of the current failed to form the new federal government due to the Shiite coordination framework standing in its way by obtaining a fatwa from the Federal Court with the so-called blocking third in a contract The session for electing the President of the Republic, which paves the way for naming the Prime Minister.

The three-way alliance between the Kurdistan Democratic Party led by Masoud Barzani, the Sovereignty Alliance headed by Khamis al-Khanjar, and the Sadrist movement led by Muqtada al-Sadr was broken following the resignation of the Sadrist bloc's deputies, and the movement's withdrawal from the political process by order of al-Sadr.

The political scene is living in a crisis situation and a dead end unprecedented in the history of Iraq, as more than 300 days have passed since the early elections without being able to form a new government in the country, and the survival of the caretaker government headed by Mustafa Al-Kazemi.

On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating reality The service and the livelihood, which prompted the former prime minister, Adel Abdul-Mahdi, to resign under popular pressure.

As soon as the preliminary results of the elections were announced, the voices of political forces and actors rose in their rejection of losing many seats, accusing them of major fraud in the ballot, which was denied by the executive and judicial authorities, at a time when the United Nations and international organizations praised the integrity of the electoral process.   LINK

The Coordinating Framework Reveals The Truth Of The Agreement To Change Al-Sudani To Absorb Al-Sadr's Anger

Shafaq News/ The coordination framework that brings together the Shiite political forces revealed today, Sunday, the fact that there is an agreement between the framework forces to change their candidate for prime minister, Muhammad Shiaa Al-Sudani, in order to absorb the anger of the leader of the Sadrist movement, Muqtada Al-Sadr and his supporters, the sit-in inside the fortified Green Zone in the center of the Iraqi capital, Baghdad.

The leader in the framework, Ali Al-Fatlawi, told Shafak News Agency, "The news that talks about this matter are absolutely incorrect, and there is no such proposal during the meetings of the framework forces."

And he indicated that "the coordinating framework forces are well aware that even if they change Muhammad Shia'a al-Sudani, the political crisis will not be resolved, and the Sadrist movement opposes the idea of ​​the framework forming any government, and for this the framework forces are sticking to their candidate for prime minister and the movement to form the government is still ongoing."

The political scene in Iraq has undergone serious developments since supporters of the Sadrist movement led by prominent Shiite cleric Muqtada al-Sadr stormed the parliament building in the fortified Green Zone in central Baghdad, and protested against the nomination of the coordination framework, Muhammad Shia Al-Sudani, for the position of Prime Minister for the next federal government.

On Monday, demonstrations against the Sadrist movement took place near the suspension bridge leading to the Green Zone by the Coordination Framework's audience, after an invitation from the "Organizing Committee to Support Legitimacy and Preserve State Institutions."

The Sadrist bloc had obtained the highest votes in the early legislative elections that took place in October of 2021, but the efforts of the leader of the current failed to form the new federal government due to the Shiite coordination framework standing in its way by obtaining a fatwa from the Federal Court with the so-called blocking third in a contract The session for electing the President of the Republic, which paves the way for naming the Prime Minister.

The three-way alliance between the Kurdistan Democratic Party led by Masoud Barzani, the Sovereignty Alliance headed by Khamis al-Khanjar, and the Sadrist movement led by Muqtada al-Sadr was broken following the resignation of the Sadrist bloc's deputies, and the movement's withdrawal from the political process by order of al-Sadr.

The political scene is living in a crisis situation and a dead end unprecedented in the history of Iraq, as more than 300 days have passed since the early elections without being able to form a new government in the country, and the survival of the caretaker government headed by Mustafa Al-Kazemi.

On the tenth of last October, Iraq held early legislative elections to get out of a political crisis that swept the country after large demonstrations in the central and southern regions in 2019 in protest against the widespread unemployment in society, the spread of financial and administrative corruption in government departments and institutions, and the deteriorating reality The service and the livelihood, which prompted the former prime minister, Adel Abdul-Mahdi, to resign under popular pressure.

As soon as the preliminary results of the elections were announced, the voices of political forces and actors rose in their rejection of losing many seats, accusing them of major fraud in the ballot, which was denied by the executive and judicial authorities, at a time when the United Nations and international organizations praised the integrity of the electoral process.    LINK

Al-Maliki: Parliament Will Not Be Dissolved Or Early Elections Unless This Condition Is Met

Shafaq News / The head of the State of Law coalition, Nuri al-Maliki, refused, on Monday, to dissolve the Iraqi parliament and hold early elections, except after the parliament returns to meeting normally.

Al-Maliki said in his speech on the occasion of Ashura, "Iraq is a country of components and its people are made up of components, sects and nationalities, and therefore no will can be imposed on it, except with the will of the entire people, through its constitutional institutions, which are represented by the elected parliament."

He added: "Therefore, there is no solution for Parliament, no regime change, and no early elections, unless the Parliament returns to session, and it is the one that discusses these demands, and what it decides we proceed with."

The political process in Iraq, since the announcement of the election results in October 2021, has witnessed a suffocating obstruction, which culminated in the alliance of the Sadrist bloc with the Kurdistan Democratic Party and the Alliance of Sovereignty, and then when the House of Representatives held a session to elect the President of the Republic, who in turn assigned the largest parliamentary bloc to form The government, and escalated further after the Sadrist bloc’s 73 deputies submitted their resignations from the House of Representatives at the request of the Sadrist leader Muqtada al-Sadr. Their leader Muqtada al-Sadr.  LINK

Al-Kazemi And Al-Halbousi Present Joint Visions To Strengthen The Constitution And The Law

Shafaq News/ Prime Minister Mustafa Al-Kazemi and Parliament, Muhammad Al-Halbousi, presented, during a meeting that brought them together, today, Sunday, joint visions to strengthen the course of the constitution and the law.

The office of the Speaker of Parliament, Muhammad al-Halbousi, said in a statement received by Shafak News Agency, that the latter received, today, Prime Minister Mustafa al-Kazemi; To discuss the overall current political situation that the country is going through, noting that, during the meeting, views were exchanged, and the latest developments in the political and parliamentary situation were discussed.

According to the statement, the two parties also discussed ways to enhance understandings at the level of national political forces within the framework of the initiative presented by Al-Kazemi; To get out of the current crisis, and to develop solutions to it; For the interests of the Iraqi people.

During the meeting, the two parties presented joint visions aimed at strengthening the course of the constitution and the law, putting the interests of the citizen first, and taking into account that its results are the true expression of the will of the Iraqi people and their aspirations to sustain security and stability, according to the statement.    LINK

Tuesday Afternoon Iraq Economic News Highlights 8-9-22

Tuesday Afternoon Iraq Economic News Highlights 8-9-22

More Than 10 Billion Dollars In Iraq's Imports From China In A Year

Posted On2022-08-09 By Sotaliraq    Iraq's imports from China during the past year 2021 amounted to more than 10 billion dollars, while Iraq's exports to China amounted to more than 26 billion dollars, according to the trade map website, which provides a map of countries' trade for exports and imports.

The website stated in its statistics that "Iraq imported from China during the past year 24 articles of goods, with a value of 10,689.813 billion dollars," noting that "these imports grew by 9% between 2017 to 2021."

He added, "The three most important materials and goods imported by Iraq from China are machinery, mechanical devices and their parts, with a financial value of 1.657 billion dollars, followed by electrical machinery and equipment and parts with a financial value of 1.500 billion dollars, followed by furniture, pillows and furnishings with a value of 809 million dollars."

He pointed out that "Iraq's exports to China amounted to 26.647 billion dollars, indicating that" these exports grew by 12% between 2017 to 2021.

She pointed out that "the most important Iraqi exports to China are mineral fuels, mineral oils and their distillation products, with a financial value of 26,643 billion dollars, followed by chemical products with a value of 1.263 million dollars."   LINK

Iraq's Total Imports Are Close To 17 Billion Dollars... And China Is The Most Important Partner

Posted On2022-08-09 By Sotaliraq   The Iraqi Central Bureau of Statistics announced, on Monday, that the country's total imports of commodities and petroleum products in the past 2021 amounted to nearly 17 billion US dollars, indicating that China is the most important trading partner.

The agency of the Ministry of Planning said in a report that “the total imports for the year 2021 of commodities and petroleum products amounted to 16.9 billion dollars, equivalent to 24.8 trillion dinars, recording an increase of 34.8 percent over the year 2020 of 15.4 billion dollars, equivalent to 18.4 trillion Iraqi dinars.”

He added, "The total imports for the year 2021 of non-oil commodity materials amounted to 10.7 billion dollars, equivalent to 15.6 trillion dinars, recording a decrease of 5.7% from the year 2020, when it amounted to 13.8 billion dollars, equivalent to 16.5 trillion dinars."

He pointed out that "the total imports for the year 2021 of oil products amounted to 6.3 billion dollars, equivalent to 9.2 trillion Iraqi dinars, an increase of 395.1 percent over the year 2020, where it amounted to 1.6 billion dollars, equivalent to 1.9 trillion dinars."

He explained that "January recorded the highest percentage of total imports for the year 2021 by 26.4%, reaching 4.5 billion dollars, equivalent to 6.6 trillion dinars, while January represented the highest percentage of imports of petroleum products by 51.8%, reaching 3.2 billion dollars, equivalent to 4.8 One trillion dinars, while the month of November recorded the highest percentage of non-oil commodity imports by 13.7%, reaching 1.5 billion dollars, equivalent to 2.1 trillion dinars. According to the report, "China still ranks as the most important trading partner for Iraq for the year 2021." LINK

Its Imports Are Equivalent To Oil.. Iraq Loses Its Religious Tourism To “Win” Morale

Posted On2022-08-09 By Sotaliraq   Today, Monday, economic experts stressed the importance of tourism in the development of the national economy, and while they pointed out the reason for Iraq's "omission" of this aspect that is equivalent to oil in its imports, they explained the difference between "moral" Islamic tourism and its "profitable" European counterpart.

Duraid Al-Enezi, an economist, said, "Religious tourism or tourism in general is a basic entry and a double income in a way that is less than the trouble of industry and agriculture, and it is one of the basics of national income and the country's intangible moral and cultural imports."

Al-Enezi added, "The countries that depend on tourism in our region are (Turkey, Lebanon, Egypt and the UAE), the latter is distinguished in tourism because of its orientation towards modern ages, while Lebanon has its climate, atmosphere and location, and Turkey and Egypt are distinguished by their history, faces and location."

And the specialist continued, "As for Iraq, there is a possibility that there will be tourism, especially religious tourism, in every inch of it, but Iraq has not benefited from it, as fees are reduced for incoming tourists, and they are given privileges in order to encourage tourism, but in fact this is a loss. Imposing $100 on each tourist - and this is approved in the countries of the world - religious tourism would have been a resource equivalent to oil in its imports.

Al-Enezi explained, "Iraq neglected the economic aspect, so the prices of airlines, accommodation, hotels and food were all reduced at subsidized prices, in addition to other privileges and many free things."

On the other hand, Al-Enezi indicated, “If European religious tourism enters, especially at the Shrine of Abraham, then we will notice a difference between Islamic religious tourism and global or Christian religious tourism. This will differ greatly, and will be profitable, unlike intangible Islamic tourism.” LINK

More than 43 thousand tons of raw sugar reach the southern port of Umm Qasr

Money  and business   Economy News-Baghdad   The southern port of Umm Qasr received the ship IZMIR with a tonnage of (43,100) thousand tons of raw sugar, docked at berth No. (1).

The company's general manager, Farhan Al-Fartousi, said in a statement that "the port staff is working with high efficiency by receiving, docking, unloading and loading ships and oil tankers that fill the port berths."

He added that "the southern port received today a commercial ship with a tonnage of (43,100) thousand tons of raw sugar docked at berth No. (1), and work is underway to unload its cargo by the company's staff." 8 . views   Added 08/09/2022 - 12:55 PM   Update 08/09/2022 - 1:09 PM

https://economy-news.net/content.php?id=29234

The Issue Of The 600-Dollar Contract Is Escalating.. A Sadrist Leader: Ali Ghulam "My Tire" And The Ishtar Gate Belongs To Them

Shafaq News/ The leader of the Sadrist movement, Sabah al-Saadi, said on Monday, that the managing director of the Ishtar Gate Company, Ali Ghulam, is "a framework", referring to his association with the Shiite coordination framework that includes Shiite forces, with the exception of the Sadrist movement.

The media and social networking sites had circulated a document of the judiciary obligating the Rafidain Bank to pay (600) million dollars to the Ishtar Gateway Company for systems and electronic payment services for money, which is managed by Ali Ghulam; Following the bank's termination of one of the contracts concluded with the company.

Al-Saadi said in a tweet seen by Shafak News Agency, "Moqtada Al-Sadr called more than 6 months ago to investigate the activities of certain banks, the most important of which is the (Middle East Islamic Bank) owned by the boy, and here is the corruption case (Ishtar Gate) in which (the boy's name) appears. It is clear and surprising today from (the court’s decision) to compensate the boy with 600 million dollars on the pretext that there is a clause in the contract that was annulled by the text of the judicial decision.”

And he continued, "However, it is surprising that some of the framers were quick to weep over public funds, and that was nothing but to cast ashes in the eyes.

Today, Monday, Al-Rafidain Bank said that it had submitted an appeal against the decision to fine him $600 million with the judiciary.

It is noteworthy that the Iraqi Minister of Finance, Ali Allawi, decided on 3/9/2021 to refer the director of Al-Rafidain Bank to the investigation and withdraw his hand because of his signature on the “Ishtar Gateway” project for electronic payment, which does not meet the conditions and laws related to contracts.   LINK

After The Controversy Over The $600 Million Contract, Faik Zeidan Talks With Allawi About "Contract Problems"

Shafaq News/ The President of the Supreme Judicial Council, Judge Faiq Zaidan, received on Monday, Minister of Finance, Dr. Ali Abdel Amir Allawi, and discussed with him the legal problems related to contracts signed with private sector companies.

A brief statement of the Judicial Council received by Shafaq News said, "The two parties also discussed the role of the judiciary in correcting the errors raised regarding those contracts and cooperation in order to preserve public money."

This comes at a time when the Iraqi judiciary issued a decision to fine Al-Rafidain Bank an amount of 600 million dollars in favor of a person named Ali Ghulam, the managing director of the Ishtar Gate Company.

On Monday, Al-Rafidain Bank issued a clarification regarding the Iraqi judiciary's decision to pay a fine of $600 million to Ishtar Gate Company, noting that it had appealed the decision to the judiciary.

The "Ishtar Electronic Payment Company" fined Al-Rafidain State Bank 600 million dollars after filing a lawsuit to the competent court.

It is noteworthy that the Iraqi Minister of Finance, Ali Allawi, decided on 3/9/2021 to refer the director of Al-Rafidain Bank to the investigation and withdraw his hand because of his signature on the “Ishtar Gateway” project for electronic payment, which does not meet the conditions and laws related to contracts.   LINK

A “Historic” Corruption Deal Fines An Iraqi Government Bank $600 Million

Posted On2022-08-09 By Sotaliraq   The Iraqi judiciary issued a ruling to compensate the “Ishtar Gate” company with an amount of 600 million dollars as a penalty clause against the Rafidain Governmental Bank, due to the termination of a contract by the bank.

The Parliamentary Integrity Committee confirmed that the contract bore suspicions of great corruption involving the Rafidain Bank.

The ruling sparked angry official and popular reactions, due to the great corruption in the contract between the bank and the company for electronic payment systems.

The former Minister of Housing and Reconstruction, Two Banks Rikani, wrote, “The Rafidain Bank contract and its penalty clause amounting to 600 million dollars, the electricity has been almost completely extinguished and the gasoline is scarce.. compelling evidence of the inability of state agencies to choose projects, nor to formulate contracts professionally and follow them, nor to choose contractors.

Two Rikani banks called for a comprehensive restructuring of state institutions by professionals, warning that failure to restructure the institutions would lead to more collapse. Isn’t this an outrageous injustice against the state and public money?

The journalist Abdel Samie Al-Azzawi tweeted: “The Ishtar Gate Company says that the fine clause in the contract is a consensual condition that can only be achieved by requiring one of the parties to implement the terms of the contract, which means that the Rafidain Bank “with its consent.”

Pay a fine of 600 million dollars! Iraqi activists, bloggers and academics called for those involved in the corruption deal to be held accountable, especially since the funds allocated for compensation are large and sufficient to finance many projects that the Iraqi people lack.

Al-Rafidain Bank had issued, earlier today, Monday, a clarification on the issue of the 600 million dollars, which was decided by the Iraqi judiciary as a fine in favor of the "Ishtar Gate" company.

The bank said in a statement: “It would like to clarify to the public opinion about what was reported by the media regarding the court’s decision to pay a fine to the Ishtar Gate Company, and in this regard, the bank confirms that it had the need to contract with more than one electronic payment company at the time to expand the base of competition to provide The best services for citizens at acceptable prices, as invitations were sent to electronic payment companies licensed by the Central Bank of Iraq to submit their offers.

He added: “The contract that was concluded with the Ishtar Gate Company was on 4/3/2021 by the former general manager of the bank before obtaining the Ministry’s approval according to the rules on the contract formula, as the contract violated many of the previous technical conditions that the Ministry had specified for the bidders. “

And he continued: “After presenting the contract to the ministry and reviewing the commercial aspects of it, which grants the bidder unjustified advantages and profits at the expense of the bank’s customers, and when the ministry was informed of the conclusion of the contract, the minister directed the re-audit of the contract in the interest of the ministry on 3/9/2021 or to cancel it if necessary where no The contract should be signed only with the approval of the legal department and the information technology department in the ministry and according to the previous instructions.”

He pointed out that "the matter was referred to investigation with the withdrawal of the hand of the former general manager of the bank at the time, with the file referred to the Integrity Commission to take legal measures against the negligent."

The bank’s statement also indicated that, “The company resorted to the judiciary to request the termination of the contract and compensation after the Ministry’s decisive procedures, and the competent court issued its decision to terminate the contract with obligating the bank to the amount of compensation, as the bank continues to follow up the legal procedures where the unfair decision issued against him was appealed in the hope of returning Consider its content in a way that secures the preservation of public money.”  LINK

Alia Nassif calls for the arrest of those involved in the Ishtar Gate scandal... and confirms: This is an innovative method of corruption

Posted On2022-08-09 By Sotaliraq   Representative Alia Nassif called on the Public Prosecution and the Integrity Commission to address the innovative corruption methods, which include concluding contracts that contain intentional defects, and setting a penalty clause to make companies (which are often fictitious) be able to fine the state, indicating that the Ishtar Gate company scandal is (intentional) and the fine of $600 million. You will go to an influential party.

And she said in a statement today: “The scandal of the fake Ishtar Gate Company contract with Al-Rafidain Bank is a new innovation for a type of corruption represented in concluding a contract that includes a defect and making the company benefit from the penal clause that allows a lawsuit to be instituted and the state fines huge sums,” indicating: This contract is behind an influential party that will receive the $600 million.”

Nassif added: "If the regulatory and security institutions have the courage and concern for public money, they must arrest the participants in the (Ishtar Gate scandal) and prosecute them, and that the case is not forgotten after a short period." LINK

Iraqi News Tuesday Afternoon 8-9-22

Iraqi News Tuesday Afternoon 8-9-22

Tlm724 Administrator Bondlady’s Corner

Al-Sadr: Reform Will Defeat Corruption In Iraq

Posted On2022-08-09 By Sotaliraq   The leader of the Sadrist movement, Muqtada al-Sadr, said Monday in a new tweet on the social networking site "Twitter" that reform will defeat corruption in Iraq.

Al-Sadr said in his tweet, which came on the occasion of the approaching Ashura of Imam Al-Hussein (peace be upon him), which falls on Tuesday in Iraq, in which he said: “Oh God, accept our current protest stance in the Green Zone with you. “.  He added: "Just as blood triumphed over the sword in kindness, so will reform triumph over corruption in our beloved Iraq."   LINK

A “Historic” Corruption Deal Fines An Iraqi Government Bank $600 Million Corruption Deal

Posted On2022-08-09 By Sotaliraq    The Iraqi judiciary issued a ruling to compensate the “Ishtar Gate” company with an amount of 600 million dollars as a penalty clause against the Rafidain Governmental Bank, due to the termination of a contract by the bank.

The Parliamentary Integrity Committee confirmed that the contract bore suspicions of great corruption involving the Rafidain Bank.

The ruling sparked angry official and popular reactions, due to the great corruption in the contract between the bank and the company for electronic payment systems.

The former Minister of Housing and Reconstruction, Two Banks Rikani, wrote, “The Rafidain Bank contract and its penalty clause amounting to 600 million dollars, the electricity has been almost completely extinguished, and the gasoline is scarce... compelling evidence of the inability of state agencies to choose projects, nor to formulate contracts professionally and follow them, nor to choose contractors.

Two Rikani banks called for a comprehensive restructuring of state institutions by professionals, warning that failure to restructure the institutions would lead to more collapse. Isn’t this an outrageous injustice against the state and public money?

The journalist Abdel Samie Al-Azzawi tweeted: “The Ishtar Gate Company says that the fine clause in the contract is a consensual condition that can only be achieved by requiring one of the parties to implement the terms of the contract, which means that the Rafidain Bank “with its consent.”

Pay a fine of 600 million dollars! Iraqi activists, bloggers and academics called for those involved in the corruption deal to be held accountable, especially since the funds allocated for compensation are large and sufficient to finance many projects that the Iraqi people lack.

Al-Rafidain Bank had issued, earlier today, Monday, a clarification on the issue of the 600 million dollars, which was decided by the Iraqi judiciary as a fine in favor of the "Ishtar Gate" company.

The bank said in a statement: “It would like to clarify to the public opinion about what was reported by the media regarding the court’s decision to pay a fine to the Ishtar Gate Company, and in this regard, the bank confirms that it had the need to contract with more than one electronic payment company at the time to expand the base of competition to provide The best services for citizens at acceptable prices, as invitations were sent to electronic payment companies licensed by the Central Bank of Iraq to submit their offers.

He added: “The contract that was concluded with the Ishtar Gate Company was on 4/3/2021 by the former general manager of the bank before obtaining the Ministry’s approval according to the rules on the contract formula, as the contract violated many of the previous technical conditions that the Ministry had specified for the bidders. “.

And he continued: “After presenting the contract to the ministry and reviewing the commercial aspects of it, which grants the bidder unjustified advantages and profits at the expense of the bank’s customers, and when the ministry was informed of the conclusion of the contract, the minister directed the re-audit of the contract in the interest of the ministry on 3/9/2021 or to cancel it if necessary where no The contract should be signed only with the approval of the legal department and the information technology department in the ministry and according to the previous instructions.”

He pointed out that "the matter was referred to investigation with the withdrawal of the hand of the former general manager of the bank at the time, with the file referred to the Integrity Commission to take legal measures against the negligent."

The bank’s statement also indicated that, “The company resorted to the judiciary to request the termination of the contract and compensation after the Ministry’s decisive procedures, and the competent court issued its decision to terminate the contract with obligating the bank to the amount of compensation, as the bank continues to follow up the legal procedures where the unfair decision issued against him was appealed in the hope of returning Consider its content in a way that secures the preservation of public money.”   LINK

Alia Nassif Calls For The Arrest Of Those Involved In The Ishtar Gate Scandal... And Confirms: This Is An Innovative Method Of Corruption

Posted On2022-08-09 By Sotaliraq   MP Alia Nassif: The creation of new offices for general inspectors means an increase in corruption whale deals

Representative Alia Nassif called on the Public Prosecution and the Integrity Commission to address the innovative corruption methods, which include concluding contracts that contain intentional defects, and setting a penalty clause to make companies (which are often fictitious) be able to fine the state, indicating that the Ishtar Gate company scandal is (intentional) and the fine of $600 million. You will go to an influential party.

And she said in a statement today: “The scandal of the fake Ishtar Gate Company contract with Al-Rafidain Bank is a new innovation for a type of corruption represented in concluding a contract that includes a defect and making the company benefit from the penal clause that allows a lawsuit to be instituted and the state fines huge sums,” indicating: This contract is behind an influential party that will receive the $600 million.”

Nassif added: "If the regulatory and security institutions have the courage and concern for public money, they must arrest the participants in the (Ishtar Gate scandal) and prosecute them, and that the case is not forgotten after a short period."   LINK

Washington Expresses Concern Over The Arrest Of Parliamentarians And Journalists In The Kurdistan Region

The United States of America has expressed concern about the use of tear gas in the Kurdistan Region demonstrations.

The US embassy in Baghdad said in a statement: "We are concerned about reports that talk about the use of tear gas and rubber bullets to disperse demonstrators and arrest journalists, civil society activists and members of parliament in the Kurdistan Region of Iraq during the protests and the period before them, in Sulaymaniyah."

It called on governments to protect human rights and universal freedoms guaranteed by the constitution, including freedom of assembly and peaceful demonstration, freedom of expression, the right to a fair trial with due process of law, as well as the right of journalists to practice their work freely and without interference.

The embassy urged "the authorities of the Kurdistan Region of Iraq to review these procedures and reconfirm the vital roles that a free press, peaceful assembly and the rule of law play in the democratic process." https://www.radionawa.com/all-detail.aspx?jimare=30652

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

https://www.bondladyscorner.com/

Some "International News" Posted by Samson Tuesday PM 8-9-2022

KTFA:

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

8th August, 2022

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

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

And the authority confirmed that "the traveler was referred to the competent authorities, and the amount was seized." And the commission indicated that "the seizure process was carried out through cooperation with the National Intelligence Service and the Directorate of Customs Port, Baghdad International Airport, with the support of the Customs Police."  LINK

4Cash:  Maybe this person knows something is about to happen in Iraq, so he was bringing in some extra non circulated currency (non-compliant) to exchange soon!!! 

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Samson:  Because of oil.. Report: The Saudi economy is preparing for the trillion dollar threshold

9th August, 2022

Forbes reported that the Saudi economy rebounded this year due to the high oil prices caused by the war in Ukraine, putting the kingdom close to the trillion-dollar economies

According to IMF forecasts, the Saudi economy will grow by 7.6 percent over the course of the year as a whole, bringing the Saudi gross domestic product to 1040 billion dollars, noting that there are 18 countries whose gross domestic product will exceed one trillion dollars in 2021

In first place is the United States with its economy of $23 trillion, followed by China in second place with $17.5 trillion, and Japan in third place with $4.9 trillion. Saudi Arabia ranked nineteenth among the largest economies last year, but it was still far from the trillion-dollar threshold, with a gross domestic product of $834 billion

According to the US Energy Information Administration, the average cost of a barrel of Brent crude - the main international standard is expected to reach more than $104 this year, up from $70.89 in 2021 and just $41.69 in 2020

On July 31, government data showed that the Saudi economy expanded 11.8 percent year-on-year during the second quarter, with the oil sector growing by 23.1 percent, and the non-oil sector growing by 5.4 percent

Thanks to higher oil prices due to the war in Ukraine, Riyadh posted a budget surplus of 77.9 billion riyals ($20.8 billion) for the second quarter of this year when oil revenues rose nearly 90 percent year on year. "

We expect the (Saudi) budget to record a surplus of 10.4 percent of GDP this year, after nearly a decade of budget deficits," Dubai-based Emirates NBD said in a note on August 5    LINK

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Samson:  Putin saves Erdogan and deals a strong blow to the US dollar

9th August, 2022

The Russian President Vladimir Putin's support for his Turkish counterpart, Recep Tayyip Erdogan, comes at a critical moment for him, while Ankara needs to stabilize the economy less than a year before the general elections.

This is what the writer, Onur Enk, mentioned in the newspaper "Bloomberg", where he indicated that the meeting between the two presidents Putin and Erdogan, which lasted four hours in Sochi last week, it resulted in understandings allowing Turkey by forgoing dollar payments for some Russian gas imports.

According to the author, this partial transition of Turkey in paying for Russian gas, it will stabilize the Turkish lira and prevent new waves of price increases.  This comes shortly after increasing reserves Turkey.  In addition, the Russian state nuclear energy company, Rosatom, transferred money from Russia's state nuclear energy company, Rosatom, to its Turkish subsidiary, Akkuyu Neuklear, to build a Turkish nuclear power plant on the Mediterranean coast.

Moreover, the newspaper states that Ankara refrain from joining Western sanctions against Moscow Erdogan wants to deepen economic relations with Russia without provoking a complete rupture with allies Nato.

The Turkish lira collapsed in November of last year by 18%, which is the maximum decline in the past twenty years, and on December 20 a record high of 18.4 lira was recorded for the dollar, then the annual inflation accelerated against the background of fluctuations in the national currency, reaching 36%, which has raised the cost of everything in Turkey from food to energy and services, and pushed consumer price inflation to 80%, one of the highest rates in the world.  LINK

Samson:  Putin allows sanctioned Russian banks to stop some foreign exchange operations

8th August, 2022

Russian President Vladimir Putin issued a decree on Monday allowing banks with hard currency funds frozen due to Western sanctions to suspend operations in such currencies with their corporate clients.

Russian authorities have intensified the process of devaluing the currencies of countries it classifies as "unfriendly" since Western countries imposed sweeping sanctions after Moscow sent tens of thousands of troops to Ukraine on February 24.

Putin's new measures

The decree, signed by Putin, said the new measures may remain in place until sanctions that have stymied deals in foreign currencies are lifted.  The sanctions restricted foreign currency transfers that Russian banks could make between themselves.  Many banks in Russia have been disconnected from the SWIFT global payments system.

On the other hand, Russia has "fully" fulfilled its two tranches of dollar-denominated Eurobonds by sending interest payments in rubles to the national depository for settlement in its latest attempt to avoid a sovereign debt default.

The latest step comes after Russian President Vladimir Putin signed a decree last June to establish temporary measures aimed at meeting Russia's foreign debt obligations.  LINK

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Samson:  Oil prices rise after suspension of Russian oil flows to Europe due to payments

9th August, 2022

Oil prices rose by more than $1 on Tuesday, Aug. 9, after falling earlier, after Russia said that oil exports to Europe through the southern part of the Druzhba pipeline had been suspended since early August, reviving concerns about a supply shortage.

Brent crude rose $1.42, or 1.5 percent, to $98.07 a barrel at 11:13 GMT, after falling earlier to $94.90. US West Texas Intermediate crude also rose $1.01, or 1.1%, to $91.77.

New oil crisis

Russia's Transneft said on Tuesday that Ukraine had halted Russian oil flows to Europe because European sanctions prevented Moscow from paying transit fees.

The company said that Ukraine has suspended oil flows to southern Europe since August 4, due to Western sanctions against Russia.

The pipeline monopoly Transneft said it made the August oil transit payments to Ukrainian pipeline operator Ukrtransnafta on July 22, but the money was returned on July 28 that did not go to it.

Russia usually supplies the southern part of the Druzhba pipeline with about 250,000 barrels per day to Hungary, Slovakia and the Czech Republic. "We don't need that at this point, but it's another reminder of how tight the market is and how sensitive the price is to supply disruptions, particularly from Russia," said Craig Erlam of brokerage Oanda.

The development related to Druzhba's pipeline comes at a time when supply concerns have been waning amid growing concern about a recession.

Earlier, oil came under pressure in connection with talks to revive the Iran nuclear deal that would allow for an increase in Iranian oil exports. Oil prices rose earlier in the year after Russia's war on Ukraine heightened supply concerns, sending Brent crude to $139 in March, close to an all-time high.  LINK

Muqtada Al-Sadr Complicates Iranian Moves In Iraq

Muqtada Al-Sadr Complicates Iranian Moves In Iraq

Iranians from different sides look at Iraq's Shiite cleric Muqtada al-Sadr’s recent move with suspicion.

Supporters of Iraqi cleric Muqtada al-Sadr wave flags as they occupy the Iraqi parliament for a sixth consecutive day, in protest at a nomination for prime minister by a rival Shiite faction, Green Zone, Baghdad, Iraq, Aug. 4, 2022. - Ahmad al-Rubaye/AFP via Getty Images

Ali Mousawi Khalkhali   August 5, 2022    The recent Sadrist protests have split the Shiite camp into two opposing sides — the Sadrists and the Coordination Framework — raising Iran's concerns significantly.

Both sides are campaigning against the other in the street and in the media, raising concerns about armed clashes on the Shiite side.

Populist Shiite cleric Muqtada al-Sadr was at the head of the fight against the US forces during the first decade of Iraq's occupation by the United States, which led Iranians to provide him with financial, logistic and training support to fight against the US forces.

The Coordination Framework includes both long-time US partners and Iran-backed militias and groups that have been linked to the attacks against Americans in recent years.

The showdown in Iraq provides a pause for Iran, as it cannot take sides to support one camp against the other, which will lead to a deepening intra-Shiite conflict.

In his weekly press conference, spokesman of Iran's Foreign Ministry Nasser Kanani commented on the recent crisis in Iraq saying that Iran looks closely with concern at the situation in Iraq, emphasizing the necessity of maintaining security and stability in the neighboring country.

Since 2018, the distance between Iran and Sadr has increased steadily.

When Iran was looking for a way to stabilize then-Prime Minister Adel Abdul Mahdi during the October demonstrations and try to stop the demonstration as soon as possible, Sadr was hoping to use the wave created by the protesters to achieve political gains for his movement and establish himself as the undisputed and unique leader of Iraq.

What added oil to the fire was the Sadrist move to chant against Iran with the slogan “Iran out out," which has been used during the current protests as well.

When Sadr's supporters stormed the parliament and occupied it July 27, and the next day supporters of the Coordination Framework came out into the streets and chanted the slogan of defending the constitution and the country's governing institutions, Ismail Kousari, a former high-ranking commander of Iran's Islamic Revolutionary Guard Corps and the current representative of the Iranian parliament, said in interview with ISNA news agency, "Muqtada al-Sadr must determine his position, which is one day with Saudi Arabia, one day with this country and another day with that country."

Kousari was referring to Sadr's trip to Saudi Arabia in 2017 and his meeting with Crown Prince Mohammed bin Salman. The trip that had not been coordinated with Tehran was received with great suspicion.

A week prior to the parliament's occupation by the Sadrists, when Sadr held the Friday prayer known as "unity" and called thousands of his followers to Friday prayer, Kayhan newspaper, which is a media outlet close to the extremist faction of the Iranian government, criticized Sadr's behavior describing him as anti-unity and accused him of abusing the sanctity of the Friday prayer.

At the beginning of the month of Muharram, when the Shiite mourning ceremony begins on the occasion of the martyrdom of Imam Hussein, Kayhan newspaper covered the ceremony of Ammar al-Hakim, head of the Hikma bloc and one of the prominent leaders of the Coordination Framework.

The ceremony was received by the Sadrists as a political move against them, especially as Hakim expressed support for the Popular Mobilization Units, which Sadr wants to rein in.

A day before in a BBC interview, Hakim also demanded the government to take action against the Sadrist protesters. The Sadrists in return attacked and burned the offices of the Hikma bloc in several provinces. Kayhan described the actions of Sadr's followers as "a new sedition."

In Iran, even the moderate and Reformist media outlets question Sadr's motives in seeking to split the Shiite camp. Ettela'at newspaper, which is close to the Reformists and the centrists, considered Sadr's behavior as anti-unity, especially the unity of Iraq's Shiites.

Sharq newspaper, which is close to Iran's Reformists and whose audience is generally the educated and academics, wrote, "Muqtada al-Sadr will not allow any movement to form a government by voluntarily removing his movement from the parliament, so we must ask when and where will Sadr's agitation stop?"

It quoted a former Iranian diplomat, Sabah Zanganeh, as saying, "By exploiting anti-Iranian slogans, Sadr has taken Iraq from political chaos into street chaos."

Another newspaper of the Reformist movement, Arman Emroz, wrote, "Muqtada al-Sadr, by causing street riots and regretting the resignation of his representatives from the parliament, showed that he does not have political tolerance.

Sadr with his narcissistic character wants to be the No. 1 leader of the political and religious scene of Iraq.”

https://www.al-monitor.com/originals/2022/08/muqtada-al-sadr-complicates-iranian-moves-iraq

Iraqi News Tuesday AM 8-9-22

Iraqi News Tuesday AM 8-9-22

Tlm724 Administrator Bondlady’s Corner

Al-Sadr proposes a "solution" to the political crisis: forming a government devoid of the Sadrists and "Malikis"

Politics     breaking    Nouri al-Maliki    Muqtada al-Sadr temporary government political blockage  2022-08-08 02:05  Shafaq News/ An informed political source revealed, on Monday, a proposal by the leader of the Sadrist movement, Muqtada al-Sadr, to form a government without the participation of his bloc and the State of Law coalition, to get out of the political crisis.  The source told Shafaq News Agency,

"The leader of the Sadrist movement, Muqtada al-Sadr, sent messages to the coordinating framework forces, which included a proposal aimed at ending the political crisis in Iraq, by forming a new government, without the participation of the State of Law coalition led by Nuri al-Maliki and the absence of the Sadrist movement's participation in it.""

And that  "the tasks of the government will be for a period of one year only, during which it will prepare for holding early parliamentary elections in September of next year, and the prime minister will be consensual between the Sadrist movement and the coordination framework." 

The source pointed out that "the leaders of the coordinating framework have not yet responded to al-Sadr's proposal."

The political process in Iraq, since the announcement of the election results in October 2021, has witnessed a suffocating obstruction, which culminated in the alliance of the Sadrist bloc with the Kurdistan Democratic Party and the Alliance of Sovereignty, and

then when the House of Representatives held a session to elect the President of the Republic, who in turn assigned the largest parliamentary bloc to form The government,

and escalated further after the Sadrist bloc’s 73 deputies submitted their resignations from the House of Representatives at the request of the Sadrist leader Muqtada al-Sadr. Their leader Muqtada al-Sadr.

https://shafaq.com/ar/سیاسة/الصدر-يقترح-حلا-لل-زمة-السياسية-تشكيل-حكومة-تخلو-من-الصدريين-و-المالكيين

Aware / Deputy: Many important corruption files were lost after the demonstrators entered Parliament

August 8, 2022 25 Views   Aa'a/Baghdad/M.A.A   The deputy of the coordination framework, Ali Al-Jamali, confirmed that

there are many files of suspicions of corruption that were lost and destroyed after the demonstrators entered the parliament building.

Al-Jamali, who is also a member of the Parliamentary Integrity Committee, said in an interview carried by the correspondent of (Iraqi Media News Agency / INA), that

“the Parliamentary Integrity Committee deliberated on many corruption files, which were collected for months for the purpose of investigation and were lost and lost after entering Parliament.”  He pointed out,

"There is a kind of violation in the scattering of these files and cases, and the committee may need other months to re-collect them again and install its documents."   T/M.M   https://al-iraqinews.com/archives/277853

The Rise In The Exchange Rate Of The Dollar

Economie| 11:09 - 09/08/2022  Baghdad - Mawazine News, the dollar exchange rates rose, today, Monday, on the Iraqi Stock Exchange.

And the selling prices of the dollar were 148,600 dinars per 100 dollars, while the purchase prices of the dollar were 148,500 dinars per 100 dollars.   https://www.mawazin.net/Details.aspx?jimare=201909

Falling Oil Prices In World Markets

Economie| 09:47 - 09/08/2022   Follow-up - Mawazine News:  Oil prices fell slightly, today, Tuesday, due to the recent progress in last-minute talks to revive the 2015 nuclear agreement with Iran, which will pave the way to boost its crude exports to the market.

Brent crude futures fell 18 cents, or 0.19 percent, to $96.47 a barrel by 04:49 GMT, chopping 1.8 percent from the previous session.

US West Texas Intermediate crude futures were down 16 cents, or 0.2%, at $90.60 a barrel, after rising 2% in the previous session.

Late on Monday, the European Union submitted a "final" text to revive the 2015 Iran nuclear deal, pending approvals from Washington and Tehran.

Iran can increase its oil exports by between 1 million and 1.5 million barrels per day, or up to 1.5% of global supplies, within six months, so the markets will likely witness a sharp decline in oil prices.

The oil market has remained under pressure recently due to global recession fears, as Brent crude prices suffered their biggest weekly decline last week.    https://www.mawazin.net/Details.aspx?jimare=201906

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

https://www.bondladyscorner.com/