Iraqi News Tuesday Evening 8-30-22
.Iraqi News Tuesday Evening 8-30-22
Tlm724 Administrator Bondlady’s Corner
He stressed that approving the budget prevents the disposal of the financial surplus..A government advisor denies not paying salaries at the beginning of next year
Posted On2022-08-30 By Sotaliraq Baghdad/ Firas Adnan A government advisor denied the inability to pay the employees' salaries at the beginning of next year, stressing that the failure to pass the budget does not impede the regular expenditures, but it prevents the disposal of the current surplus.
The Economic Adviser to the Council of Ministers, Haitham al-Jubouri, said, “The budget delay prevents spending from the surplus oil prices, which can only be controlled through the budget law or another law similar to emergency support for food security and development.”
Iraqi News Tuesday Evening 8-30-22
Tlm724 Administrator Bondlady’s Corner
He Stressed That Approving The Budget Prevents The Disposal Of The Financial Surplus..
A government advisor denies not paying salaries at the beginning of next year
Posted On2022-08-30 By Sotaliraq Baghdad/ Firas Adnan A government advisor denied the inability to pay the employees' salaries at the beginning of next year, stressing that the failure to pass the budget does not impede the regular expenditures, but it prevents the disposal of the current surplus.
The Economic Adviser to the Council of Ministers, Haitham al-Jubouri, said, “The budget delay prevents spending from the surplus oil prices, which can only be controlled through the budget law or another law similar to emergency support for food security and development.”
Al-Jubouri added, “The issue of salaries and the fulfillment of the financial obligations contained in the operational aspect, has nothing to do with the budget law.”
He pointed out that "Article 13 of the amended Financial Management Law No. 6 of 2019 stipulates the continuation of spending on a monthly basis at a rate of 1/12 of the last approved budget until the new budget law is approved."
And al-Jubouri, that "the investment budget for the governorates and ministries is financed by the same mechanism, depending on the achievement achieved."
The government advisor pointed out that "salaries are not affected by the presence of the budget or not, and it is clearly stipulated in the Federal Financial Management Law."
And he believed, "This does not mean that the budget is not important, because we are facing an increase in spending with the increase in the number of employees and the population, and there are new aspects of spending that will appear to the state. On investment projects, even if there is a surplus that has been achieved as a result of high oil prices.”
He stressed, "The existence of the budget is not only related to salaries, or it is limited to the operational aspect of maintenance and the provision of commodity and service requirements, but it is related to continuing to deal with population growth and high inflation rates and other aspects."
He noted, "The government is not technically unable to prepare the budget bill, but the Federal Supreme Court's decision prevented it from sending the bill to the House of Representatives for the purpose of approval."
Al-Jubouri added, "The possible solutions are either for the government to obtain a mandate from Parliament that allows it to send the two bills, or to wait for the new government."
Al-Jubouri went on to say, “The situation remains as it is, which will prompt the government to demand the House of Representatives a law that allows it to spend, as happened with the Emergency Food Security Support Law, which authorizes it to dispose of some surplus funds.”
Professors specialized in financial and constitutional law denied the possibility of the state stopping paying salaries at the end of the current year, stressing that the legislation in force obliges the state to continue spending on all its facilities even in the absence of a budget for more than a year. A professor of financial legislation at the University of Mosul, Qabas Al-Badrany, said, "The Financial Management Law No. (6) of 2019 (amended) regulated the budget preparation process, what it includes, and the cases that may occur there."
Al-Badrany added, “The third chapter of this law consists of several articles, including Article 13, which stipulates two cases. The first is the delay in approving the budget beyond the date set before December 31.”
She indicated, "The solution is through the Minister of Finance to issue a circular according to which he will spend monthly on the basis of the budget for the previous year."
Al-Badrany reported, "The law allows spending according to this mechanism until the approval of the federal budget, and this means that there is a legal extension even if the approval of the budget continues to be disrupted."
Al-Badrany stated, "The second case, referred to by the law, is the failure to approve the budget for a full fiscal year, and in this case, the final financial statements for the previous year are the same for the year that did not witness the approval of the budget."
She stressed, "The last budget approved in Iraq is for the year 2021, and therefore its data is approved on the basis of exchange, and the Minister of Finance in this case does not need approval, but merely issues a circular, and these data are submitted to the House of Representatives for the purpose of approval."
Al-Badrany went on to say, “No country in the world can dare to stop public spending, especially current expenditures such as salaries, maintenance, and daily and monthly exchange, and therefore the law in force allowed for monthly spending to be repeated on the basis of the 2021 budget in 2023.”
For his part, Professor of Constitutional Law at Al-Mustansiriya University, Wael Munther, stated that “the claim that Article 13 of the Financial Management Law cannot be applied to the next year is incorrect.”
Munther continued, "Those who support this trend have interpreted the article literally, which is incorrect, and said that the exchange on a monthly basis according to the previous budget is for one year only." He pointed out, "Adherence to this literal interpretation contradicts the principle of the permanence and continuity of the state, especially when we are under a caretaker government with daily tasks."
Munther believes, “The interpretation closest to the legal reality is to rely on the monthly percentages of the nearest approved budget if the fiscal year in which we are not witnessing the adoption of a budget.”
He stressed, "It is incorrect to say that salaries will stop at the end of the current year, because the budget has not been approved for two consecutive years."
Munther concluded, “The government should be committed to paying salaries and spending from the operating budget, because we are facing a basic principle on which the state is based, which is the principle of permanence and continuity of the public utility represented by the state.” LINK
The Federation Of Industries Launches An Initiative To Provide Support From National Production To Local Markets
Tue, 30 Aug 2022 11:03 AM Baghdad / National News Center Today, Tuesday, the Iraqi Federation of Industries launched an initiative to provide support from national production for local markets.
The head of the Iraqi Federation of Industries, Adel Akab, said in a statement received by the National News Center, “To the brothers, heads of industrial chambers, offices, bodies, and owners of industrial projects, through the developments witnessed by the Iraqi reality during these days, we appeal to you and urge you to prove your patriotism and love for the homeland and a message of reassurance to all society Iraqi industrialists are ready to extend a helping hand and help by providing support and assistance from local production to local markets.
He added, "This is a great initiative and a great role for the private industrial sector, and to prove to the state and the citizen that the local industry is the main pillar in relying on it in times of crises and in the normal situation, so you have to contribute to continuing to work, supplying markets and expressing cooperation with the segment of citizens." https://nnciraq.com/149463/
UNAMI Welcomes The Position Of Muqtada Al-Sadr
Tuesday, 30 August 2022 1:53 PM Baghdad/National News Center Today, Tuesday, the United Nations Mission in Iraq (UNAMI) welcomed the position of Muqtada al-Sadr, and his call for restraint.
The United Nations mission in Iraq said in a statement, received by the National News Center, that it "welcomes the recent moderate announcement by Muqtada al-Sadr, as it was mentioned yesterday, that restraint and calm are necessary for reason to prevail." https://nnciraq.com/149545/
The Two Regimes, The Saddamist And The Current Ones, Are Equal In Corruption And Theft Of The People
private files , 2022/08/26 23:59, the number of readings: 1227 Baghdad - Iraq today: Fahim Issa Al-Saleem The (regulation of corruption) in Iraq began many years before the fall of the previous regime, perhaps the end of the seventies and the beginning of the slide of the Iraqi dinar.
In only ten years (1980-1991) the Iraqi dinar lost 90% of its value without a corresponding increase in the purchasing power of the employee and retired citizen, and
most of the class shifted Central to poor, and the pillars of Iraqi society lost their personality and dignity and were forced to either beg of all kinds or take the wrong way.
Bribery operations spread widely.
The process of public theft of the State of Kuwait carried out by the state and the ruling party and the spread of its sale in all of Iraq amounted to a process of legitimizing theft.
The dangerous slide in the value of the currency and the downturn of the economy in the following five years, 1991-1996, which were the years of the siege, was a crushing blow, as the value of the dinar fell. 1000 times during the period from three dinars to the dollar to three thousand to the dollar, and thus the Iraqi people lost all their wealth and all their savings,
while the ruling class of the rank of general manager and member of the division and above and the senior officers of the army, security and intelligence enjoy gifts, cars and everything and the mass migration increased the pain as it delivered Families are left with smugglers.
We have come to change the Baathist regime and we are fully prepared to slip into a worse situation under the Western umbrella, with the blessing of all of Iraq's neighbors,
as you can see today that the Iraqi dinar is still today 5,000 times less than its original value in 1980 and 500 times less than its value in 1991.
The Baath state seemed cohesive from the outside because of an organized dictatorship that affected everything and anything,
but it was permeated with inherent corruption, the almost complete collapse of its economic and human structures, and the exodus of millions of Iraqis who are the butter of the Iraqi people.
Linked to parties outside the borders, it has established large organizations and networks for looting and legitimized the theft of public money, and of course helped by banking chaos, as dozens of private banks were established, and the currency auction was the central bank, the main financier of corruption deals, in addition to the well-known suspicions of government banks.
As for the judiciary, it was never spared from organized corruption, as judges from the wombs of parties and militias were bred and bred.
They climbed the pyramid of judicial power and consolidated their control today over most of the joints of the Federal Court, the Supreme Judicial Council and the major courts.
Be confident that the conflict between the two Shiite currents and the conflict between the two Kurdish currents, the conflict between the Sunnis, the conflict within the parliament and its committees, the prosecution, and judicial sparring have nothing to do with your homeland, Iraq, its interests, hunger, thirst and loss of electricity.
The battle over how to divide the four hundred million dollars that enters Iraq daily, and the best way to loot it is the cooperation between the oil companies and the shares of Iran, Turkey, Jordan and the West from it. Who will be the Savior? https://iraqtoday.com/news/65600/النظامان--الصدامي-والحالي-متساويان-في-الفساد-وسرقة-الشعب
To read more current and reliable Iraqi news please visit BondLady’s Corner:
Awake-in 3D: "US Dollar Losing World Reserve Status" 8-30-2022
.From Awake-in-3D: GCR Real-Time News Telegram Room
Even Chairman Chief Bankster of investment firm Rockefeller International sees US Dollar losing World Reserve Status
When Banksters begin espousing the reality of an ongoing global currency shift, especially in the Financial Times, there can be little doubt that we have crossed the Rubicon. General Caesar realized in 49 BCE, “there’s no going back”, once his armies crossed that stream and entered Rome Proper which created a civil war and eventually ended the Roman Empire.
Today, our modern-day Caesar’s are realizing the same. There’s no going back from the USA’s financial empire drawing to its logical conclusion.
From Awake-in-3D: GCR Real-Time News Telegram Room
Even Chairman Chief Bankster of investment firm Rockefeller International sees US Dollar losing World Reserve Status
When Banksters begin espousing the reality of an ongoing global currency shift, especially in the Financial Times, there can be little doubt that we have crossed the Rubicon. General Caesar realized in 49 BCE, “there’s no going back”, once his armies crossed that stream and entered Rome Proper which created a civil war and eventually ended the Roman Empire.
Today, our modern-day Caesar’s are realizing the same. There’s no going back from the USA’s financial empire drawing to its logical conclusion.
For the first time since the first Breton Woods Treaty established the Dollar as the World’s reserve currency, the USD share of global foreign exchange (FX) reserves has dropped to 59% amongst the baskets of other nation’s central bank holdings. That’s significant.
So when Chief Banksters begin publicizing this fact, there’s no looking back, only forward to what’s next.
What’s next is the endgame battle between Our GCR and the Central Planner’s Great Reset (via Central Bank Digital Currencies). The former is Freedom. The latter is totalitarian control. The battleground will be the USA and Europe vs. the rest of the world (led by BRICS nations and their allied states).
As the USD begins a precipitous weakening and further decline in global FX holdings, the FED’s/ECB’s CBDCs will be held up as the solution. The rest of the world will formally solidify their asset-backed currency baskets already in progress. Real money vs. digital fiat currency.
What brings confidence that Our GCR will win is the fact that the USA and Europe are completely dependent on imports from the rest of the world (everything at Amazon, Walmart, Target, etc. and also most industrial raw materials).
When no exporting nation will accept CBDCs as trade payment, the USA will be forced to consider asset-backing the Dollar (the Euro will be abandoned in favor of a return to her previous sovereign currencies such as the Deutschmark, Franc, and Lira).
This is the trigger for the General Redemptions release of gold collateral to back new USTN and other Western currencies. And prior to this, all historical bonds and artificially depressed currencies will RV/Exchange/Redeem via the GCR Platforms (already in place). Oh happy day.
@GCR_RealTimeNews
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Reference article:
"Don't Be Fooled By Recent Strength... A Post-Dollar World Is Coming"
by Tyler Durden Tuesday, Aug 30, 2022 - 08:10 AM
Authored by Ruchir Sharma, op-ed via The Financial Times,
The currency may look strong but its weaknesses are mounting...
This month, as the dollar surged to levels last seen nearly 20 years ago, analysts invoked the old Tina (there is no alternative) argument to predict more gains ahead for the mighty greenback.
What happened two decades ago suggests the dollar is closer to peaking than rallying further. Even as US stocks fell in the dotcom bust, the dollar continued rising, before entering a decline that started in 2002 and lasted six years. A similar turning point may be near. And this time, the US currency’s decline could last even longer.
Adjusted for inflation or not, the value of the dollar against other major currencies is now 20 per cent above its long-term trend, and above the peak reached in 2001. Since the 1970s, the typical upswing in a dollar cycle has lasted about seven years; the current upswing is in its 11th year. Moreover, fundamental imbalances bode ill for the dollar.
When a current account deficit runs persistently above 5 per cent of gross domestic product, it is a reliable signal of financial trouble to come. That is most true in developed countries, where these episodes are rare, and concentrated in crisis-prone nations such as Spain, Portugal and Ireland. The US current account deficit is now close to that 5 per cent threshold, which it has broken only once since 1960. That was during the dollar’s downswing after 2001.
Nations see their currencies weaken when the rest of the world no longer trusts that they can pay their bills. The US currently owes the world a net $18tn, or 73 per cent of US GDP, far beyond the 50 per cent threshold that has often foretold past currency crises.
Finally, investors tend to move away from the dollar when the US economy is slowing relative to the rest of the world. In recent years, the US has been growing significantly faster than the median rate for other developed economies, but it is poised to grow slower than its peers in coming years.
If the dollar is close to entering a downswing, the question is whether that period lasts long enough, and goes deep enough, to threaten its status as the world’s most trusted currency.
Since the 15th century, the last five global empires have issued the world’s reserve currency — the one most often used by other countries — for 94 years on average. The dollar has held reserve status for more than 100 years, so its reign is already older than most.
Read full post here: https://www.zerohedge.com/geopolitical/dont-be-fooled-recent-strength-post-dollar-world-coming
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Tuesday AM Iraq Economic News Highlights 8-30-22
.Tuesday AM Iraq Economic News Highlights 8-30-22
Curfew In Iraq .. Concern About High Prices And An Economist Determines A Solution
Shafaq News/ The imposition of a comprehensive curfew in Iraq has caused concern among Iraqis, especially the earners of them, as a result of the suspension of their work, amid anticipation of what will happen in the future in light of a difficult economic situation, while an economic expert reduced the "fear" as a result of the actions of economic organizations to confront the current situation. .
The economic expert, Rashid Al-Saadi, told Shafaq News, "The private sector and in any country in the world is greatly affected by the turbulence and instability, but in Iraq, there are many measures, especially what professional organizations are doing, including the Baghdad Chamber of Commerce, the Federation of Chambers of Commerce, and the Federation of industries, and others, by helping to avoid this problem.”
Tuesday AM Iraq Economic News Highlights 8-30-22
Curfew In Iraq .. Concern About High Prices And An Economist Determines A Solution
Shafaq News/ The imposition of a comprehensive curfew in Iraq has caused concern among Iraqis, especially the earners of them, as a result of the suspension of their work, amid anticipation of what will happen in the future in light of a difficult economic situation, while an economic expert reduced the "fear" as a result of the actions of economic organizations to confront the current situation. .
The economic expert, Rashid Al-Saadi, told Shafaq News, "The private sector and in any country in the world is greatly affected by the turbulence and instability, but in Iraq, there are many measures, especially what professional organizations are doing, including the Baghdad Chamber of Commerce, the Federation of Chambers of Commerce, and the Federation of industries, and others, by helping to avoid this problem.”
He added, "These organizations provide the requirements and needs of citizens, by granting bags (special licenses) to merchants and means of transportation, to ensure that there is no shortage of food, and this is what happened previously in the Corona pandemic crisis, and in other similar cases."
The economic expert expressed his "hope" that the private sector would respond to the instructions of the Chambers of Commerce and the Baghdad Chamber of Commerce in this regard, and not to resort to increasing prices," noting that "the materials are available, and certainly there will be government steps to facilitate the entry of foodstuffs imported from abroad with full flow."
And on the impact of closing markets on citizens, especially the earners, the economist explained, “The private sector will certainly be greatly affected, and they will suffer losses, but this will be avoided by giving them special approvals to transport their goods and open their markets, so there must be procedures between the Ministry of Trade and the Ministry of Interior. and professional organizations, each in his governorate.
On Monday, the Joint Operations Command announced a comprehensive curfew in all governorates of Iraq, from seven in the evening, Monday, until further notice.
And the Iraqi Prime Minister, Mustafa Al-Kazemi, directed, on Monday evening, to suspend the official working hours for tomorrow, Tuesday, in all governorates of the country, and to continue the comprehensive curfew, against the background of recent developments and clashes in the Green Zone.
Violent clashes are taking place with medium and heavy weapons in the Green Zone, which includes government headquarters and diplomatic missions, as the vicinity of the US embassy building was bombed with five mortar missiles, and the Dutch authorities evacuated its embassy staff in Baghdad to another place as a result of the tense situation.
So far, dozens of protesters and Iraqi security forces have been killed and wounded, as a result of the clashes that took place inside the Green Zone, since the riot police began trying to break up the Sadrist protests in the government palace.
This escalation comes against the background of the leader of the Sadrist movement, Muqtada al-Sadr, announcing his retirement from political work and the closure of all political, media and social institutions associated with him, and stressing his followers not to use his name or the name of the movement in any political or media activity.
As a result, the Green Zone and government institutions in a number of southern governorates became a field of clashes after the Sadrists began the "zero hour", turning their sit-in into a general rebellion and mobilization. LINK
Because Of The Ban, The Iraqi Stock Exchange Suspended Its Activity
Shafaq News/ The Iraq Stock Exchange announced today, Tuesday, that it has suspended its activity as a result of the curfew.
The market said in a brief statement received by Shafak News Agency, that "the market will not organize the trading session today, because it is an official holiday."
The market organizes five trading sessions a week from Sunday to Thursday, in which 103 Iraqi joint stock companies represent the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels and services.
On Monday, the Joint Operations Command announced a comprehensive curfew in all governorates of Iraq until further notice.
And the Iraqi Prime Minister, Mustafa Al-Kazemi, directed, on Monday evening, to suspend the official working hours for tomorrow, Tuesday, in all governorates of the country, and to continue the comprehensive curfew, against the background of recent developments and clashes in the Green Zone. LINK
“Closing To Travelers Only” .. Continuing Commercial Traffic Between Iraq And Iran
Shafaq News/ Officials confirmed today, Tuesday, the continuation of commercial traffic between Iraq and Iran, noting that the closure is for travelers only.
A senior Iraqi security official in Diyala told Shafaq News Agency, that the Iranian authorities, in agreement with the Iraqi side, issued orders to stop the influx and entry of Iranian visitors heading to the holy shrines for security reasons against the background of violent events in the Green Zone and several provinces, indicating that the decision is temporary until the security situation is established. The reopening of roads and the lifting of the curfew.
The security official explained that stopping entry of Iranian visitors came as a precautionary security precaution to protect visitors from any security risk, stressing at the same time that the Al-Mandhiriya port is carrying out its commercial activity normally and has not been affected by the violence.
And he indicated that the commercial convoys are still arriving from the Iranian side without any obstacles or obstacles.
For its part, the administration of the Haj Omran border crossing issued a clarification regarding travel to Iran, and said in a statement received by Shafaq News Agency, "We note that the Haj Omran border crossing is closed to citizens traveling to Iran, after we were informed by the administration of the Tamrjin crossing, located on the Iranian side, that the crossing was closed. For citizens to travel to Iran until further notice."
The statement indicated that "commercial traffic at the crossing will remain open normally."
Today, Tuesday, the Iranian Ministry of Interior announced the closure of the land borders with Iraq, against the backdrop of security tensions in central and southern Iraq.
The semi-official IRNA news agency quoted Iranian Deputy Interior Minister for Security and Law Enforcement Affairs Majid Mirahmadi as saying, in the wake of developments, unrest and the imposition of a curfew in several Iraqi cities, the land borders of the Islamic Republic of Iran and Iraq have been closed until further notice.
He also called on visitors to the holy shrines and those who intend to travel to Iraq not to go to the land borders, indicating that news and additional information will be announced by the Ministry of Interior. LINK
The Dollar And Gold Exchange Stopped Trading In Baghdad
Shafaq News/ The main stock exchange for selling the dollar in the Al-Kifah and Al-Harithiya markets, as well as the "wholesale" gold markets in the Iraqi capital, Baghdad, stopped trading today, Tuesday, as a result of the comprehensive ban that has been applied since yesterday, while the dollar exchange rates rose in Erbil, the capital of Kurdistan Region.
Shafak News Agency correspondent said that the main stock exchange in Al-Kifah and Al-Harithiya markets in Baghdad, which is specialized in trading the US dollar exchange, and wholesale gold markets in Al-Nahr Street in the center of the capital, has closed its doors today, as a result of the curfew, and the security events taking place in Baghdad and a number of provinces.
In Erbil, the capital of the Kurdistan Region, the dollar prices witnessed an increase, as the selling price reached 148,400 dinars per 100 US dollars, and the purchase price reached 148,300 dinars per 100 dollars. LINK
The Dollar Is At Its Highest Level In 20 Years
Arabic and international Economy News – Baghdad The US dollar soared to its highest level in 20 years against other major currencies on Monday after Federal Reserve Chairman Jerome Powell indicated that interest rates will remain high for a longer period in order to rein in spiraling inflation.
The dollar index, which measures the value of the US currency against a basket of other currencies, rose to a new high it had not reached in two decades at 109.48.
This left the European currencies in the doldrums even though the hawkish statements of the European Central Bank boosted expectations of a rate hike in September.
The euro fell 0.25 percent in early European trade to $0.99415, close to its lowest level in 20 years, while the pound fell to its lowest level in two and a half years.
London markets were closed for a public holiday.
Speaking at a central bank symposium in Jackson Hole, Wyoming, on Friday, Powell said that the Federal Reserve will raise interest rates to the highest level necessary to restrain growth, and will keep them at that level “for some time” to reduce inflation, which has reached more than three times the Fed’s target rate of two percent. 46 . views Added 08/29/2022 - 5:49 PM Update 08/30/2022 - 2:07 PM
https://economy-news.net/content.php?id=29506
After Slight Gains, Oil Prices Are Declining
Economie 2022-08-30 | 02:06 1,228 views The head of the International Energy Agency said on Monday that Russian oil production has exceeded expectations in the wake of the war in Ukraine, which is also affecting prices. But he said Moscow would find it increasingly difficult to maintain production as it began to suffer from Western sanctions imposed over the Ukraine war.
The head of the agency also said that member states could withdraw more oil from the strategic petroleum reserves if they found it necessary when the current program ended.
But the political violence in Iraq, the second largest producer in the Organization of Petroleum Exporting Countries (OPEC), on Monday evening supported prices.
Security forces and factions loyal to Shiite cleric Muqtada al-Sadr clashed in the Green Zone, which includes government headquarters and embassies in the capital, Baghdad, killing 20, in a long-running dispute over the formation of a new government since last year's elections.
"As a major oil exporter with production of more than 4 million barrels per day, the impact of the domestic situation (in theIraq) on oil prices not less than Iran."
Shortage of supply also gave support to prices. Saudi Arabia, the largest producer in OPEC, last week raised the possibility of production cuts
that sources said could coincide with an increase in supply from Iran if it reached a nuclear deal with the West.OPEC +, which includes OPEC members and allied producers led by Russia, will meet on September 5 September to determine production policy.
The American Petroleum Institute is scheduled to release data on crude stocks in the United States on Tuesday, followed by data from the US Energy Information Administration on Wednesday.
A preliminary survey conducted by Reuters On Monday, US crude stocks likely fell 600,000 barrels last week, as did gasoline and distillate stocks. LINK
Tuesday AM Iraq Parliament News Highlights 8-30-22
.Tuesday AM Iraq Parliament News Highlights 8-30-22
Was Sadr's initiative welcomed by Iraqis and political parties?
"By the end of the 72 hours, al-Sadr will lift his hand from any interference in what will happen, whether the people want to strike or civil disobedience."
The Independent Arabic Monday August 29 2022 0:52 Supporters of Muqtada al-Sadr outside the headquarters of the Supreme Judicial Council on August 23 (AFP)
The leader of the Sadrist movement , Muqtada al-Sadr, gained support from Iraqis after his close associate, Saleh Muhammad al-Iraqi, announced a new initiative that would exclude political parties and the establishment of the current political system from participating in the upcoming elections.
Tuesday AM Iraq Parliament News Highlights 8-30-22
Was Sadr's initiative welcomed by Iraqis and political parties?
"By the end of the 72 hours, al-Sadr will lift his hand from any interference in what will happen, whether the people want to strike or civil disobedience."
The Independent Arabic Monday August 29 2022 0:52 Supporters of Muqtada al-Sadr outside the headquarters of the Supreme Judicial Council on August 23 (AFP)
The leader of the Sadrist movement , Muqtada al-Sadr, gained support from Iraqis after his close associate, Saleh Muhammad al-Iraqi, announced a new initiative that would exclude political parties and the establishment of the current political system from participating in the upcoming elections.
Many popular circles welcomed the initiative that might rid them of the ruling class since 2003. Considering that this is the only solution to end the crisis that the political process is going through and establish a new system that will gain popular and international support.
Citizen Muayyad Abed says that Sadr's new initiative has gained acceptable support from popular circles, because the corrupt political class that came after 2003 bears the country's decline in many sectors and services provided to the people.
Civil disobedience
The independent politician Laith Shubra expected the leader of the Sadrist movement to declare civil disobedience and disrupt the executive institution, indicating that this step would paralyze the entire state.
Shubr said in a televised statement, "The leader of the Sadrist movement plans to withdraw all workers in the executive government sector from his followers in preparation for an escalatory step."
He added, "Continued failure and Sadrist escalation will paralyze all institutions in Iraq after completely disrupting legislative work, and then judicial , and currently the goal is executive."
He continued, "Withdrawing al-Sadr's supporters from the government will have a pretext for declaring civil disobedience throughout the country and ending the presence of the authorities to bring about change."
People's fight against corruption
On the other hand, the leader of the Sadrist movement, Sabah Al-Saadi, said that what is currently taking place is "a battle of reform and there is no retreat in it." Al-Saadi confirmed in a statement that "Al-Sadr's positions are not vacillating or vacillating, but are required by the issues that are raised," noting that "the battle now is the people's battle against corruption and failure, and that the reference confirmed in more than one sermon that the battle for reform has been long overdue."
He added that "the political forces of a Shiite sectarian nature do not represent Shiism ideologically, but rather represent their political vision, ideas and electoral programs without any relation to the ideological and social future of Shiites."
And he indicated that "the coordinating framework is a house of divorce and divorce, the people divorced them on the one hand, and the reference expelled them on the other hand," noting that "the Kurds and Sunnis did not unifiedly enter the political process."
He continued, "We have not partnered with the corrupt, and we have a vision for a reform process, and we do not regret leaving the political process and our deputies leaving Parliament," noting that "the blocking third is not constitutional, and talking about that is a fantasy."
On the other hand, Al-Saadi said that "the frameworks did not put forward a real initiative to remove the corrupt, and they want a government during the election period that will facilitate their access despite the will of the voters, and this is the reason for their efforts to change the current government." Al-Saadi stressed that "by the end of the 72 hours, al-Sadr will lift his hand from any interference in what will happen next, whether the people want to strike, sit-in or civil disobedience."
Saleh Muhammad al-Iraqi, known as "Minister al-Sadr", had conveyed a message from the leader of the Sadrist movement, who pointed out that "there is more important than dissolving parliament and holding early elections, and the most important thing is the non-participation of all parties and personalities that have participated in the political process since the US occupation in 2003." To this day, with all its details, leaders, ministers, employees, and special ranks are affiliated with the parties, but absolutely, including the Sadrist movement. I say that with full mouth.
He added, "This is in place of all the initiatives that some are seeking, including the United Nations, and I thank them, and I am ready, within a maximum period of (72) hours, to sign an agreement that includes this. in a bloody way."
And he continued, "If this is not achieved, there is no room for reform, and therefore there is no need for me to interfere with what is happening in the future, neither with a tweet nor with anything else."
Exacerbate discord and political strife
On the other hand, the coordination framework that brings together the Shiite political forces, with the exception of the Sadrist movement, on Saturday, rejected Al-Sadr's initiative to exclude prominent blocs and parties from the next stage as a solution to the political crisis.
"It is not possible to isolate the blocs and parties from the next stage by not involving them in the elections or in the political and governmental scenes, especially since these parties have popular bases, and these rules will not allow any party to confiscate its opinion in Choosing a political and parliamentary representative.
Al-Hilali revealed that "Al-Sadr's initiative that he announced will not solve the crisis, but rather will increase the dispute and political conflict, as it is rejected by all political parties, not just Shiites. The Iraqi political blocs and parties will not allow any party to be absent from the political scene under any title." LINK
After The Demonstrators Withdrew From Parliament .. Barzani Invites Political Forces - Urgent
Policy 2022-08-30 | 07:37 3,621 views Today, Tuesday, the President of the Kurdistan Region, Nechirvan Barzani, praised the move of the leader of the Sadrist movement, Muqtada al-Sadr, and his demand to end tensions in the capital, Baghdad.
Barzani said in a tweet followed by Alsumaria News, "We welcome the position of His Eminence Muqtada al-Sadr and his demand to end tensions and withdraw his supporters from the Green Zone, and we support his responsible national position, hoping that safety and stability prevail in the country."
He continued, "We reiterate our call to all forces and parties for dialogue in order to solve problems and save Iraq from this difficult situation." LINK
The First Comment From Al-Amiri After Al-Sadr Called For The Demonstrators To Withdraw - Urgent
Policy 2022-08-30 | 07:21 Source: Alsumaria news 12,853 views Today, Tuesday, the head of the Al-Fateh Alliance, Hadi Al-Amiri, praised the step of the leader of the Sadrist movement, Muqtada Al-Sadr, to put an end to armed violence.
Al-Amiri said in a statement received by Alsumaria News, "The initiative of Mr. Muqtada al-Sadr to put an end to armed violence is a courageous initiative that deserves appreciation and praise.
He called on everyone to "follow the example of Mr. Muqtada al-Sadr with similar steps to stop bloodshed and cut off sedition, and we call for the cooperation of all national forces in order to remedy the effects of the crisis and move forward to get out of the political blockage that our honorable and patient people are paying for." LINK
After The Withdrawal.. Al-Sadr's Minister Sends A Message To The Demonstrators - Urgent
Policy 2022-08-30 | 07:19 2,805 views Alsumaria News – Politics The Minister of Al-Sadr, Saleh Muhammad Al-Iraqi, sent a message to the demonstrators withdrawing from the Green Zone in response to the call of the leader of the Sadrist movement, Muqtada Al-Sadr.
Al-Iraqi said in a blog post, which was followed by Alsumaria News, "Oh (peaceful) revolutionaries, you have fulfilled and are satisfied,
and we will not allow you to be attacked, as you are the protectors of reform, and we will not allow a new corruption led by the corrupt, thank you."
A short while ago, the leader of the Sadrist movement, Muqtada al-Sadr, directed the withdrawal of the Sadrist movement from Parliament within one hour.
Today, Tuesday, Alsumaria correspondent reported that the tents and marquees had begun to be lifted in front of the parliament building in response to the call of the leader of the Sadrist movement, Muqtada al-Sadr.
On Monday (August 29, 2022), demonstrators stormed the presidential palaces in Baghdad hours after the leader of the Sadrist movement Muqtada al-Sadr announced his final retirement from political work and the closure of all institutions, after which armed clashes and explosions erupted inside the Green Zone in the center of the capital, which resulted in casualties. LINK
Starting To Raise The Tents In Front Of The Parliament Building (Photos) - Urgent
Policy 2022-08-30 | 07:06 5,406 views Alsumaria News – Localities Today, Tuesday, Alsumaria correspondent reported that the tents and marquees had begun to be lifted in front of the parliament building in response to the call of the leader of the Sadrist movement, Muqtada al-Sadr.
The reporter said, "The protesters raised tents and marquees in front of the parliament building in response to the call of the leader of the Sadrist movement, Muqtada al-Sadr."
A short while ago, the leader of the Sadrist movement, Muqtada al-Sadr, directed the withdrawal of the Sadrist movement from Parliament within one hour.
Today, Tuesday, the Joint Operations Command decided to lift the curfew in Baghdad and the provinces.
Earlier, the Joint Operations Command announced the imposition of a comprehensive curfew in the capital, Baghdad, including vehicles and citizens, as of three thirty in the afternoon (yesterday, Monday).
After that, the subscriber announced the imposition of a comprehensive curfew in all governorates of the country, starting from seven in the evening, Monday, and until further notice.
On Monday (August 29, 2022), demonstrators stormed the presidential palaces in Baghdad hours after the leader of the Sadrist movement Muqtada al-Sadr announced his final retirement from political work and the closure of all institutions, after which armed clashes and explosions erupted inside the Green Zone in the center of the capital, which resulted in casualties. LINK
Some "Tuesday Iraq News" Posted by Samson at KTFA 8-30-2022
.KTFA:
Samson: Because of the current situation, Kuwait asks its nationals who are in Iraq to leave
30th August, 2022
Today, Tuesday, the Kuwaiti embassy in Baghdad urged its nationals to leave Iraq, and those wishing to travel there to postpone this due to the security conditions in the country.
And according to what was reported by the official news agency "KUNA", "the Kuwaiti embassy called on its citizens who are in Iraq to communicate with it on the emergency phone, after the chaos in the capital, Baghdad and other provinces, and clashes between Shiite factions competing for power."
The embassy also called on those who wish to travel to Iraq to postpone it due to the conditions in the country. LINK
KTFA:
Samson: Because of the current situation, Kuwait asks its nationals who are in Iraq to leave
30th August, 2022
Today, Tuesday, the Kuwaiti embassy in Baghdad urged its nationals to leave Iraq, and those wishing to travel there to postpone this due to the security conditions in the country.
And according to what was reported by the official news agency "KUNA", "the Kuwaiti embassy called on its citizens who are in Iraq to communicate with it on the emergency phone, after the chaos in the capital, Baghdad and other provinces, and clashes between Shiite factions competing for power."
The embassy also called on those who wish to travel to Iraq to postpone it due to the conditions in the country. LINK
Samson: Iran closes the land border with Iraq
30th August, 2022
The Iranian Ministry of Interior announced, on Tuesday, the closure of the land borders with Iraq, against the backdrop of security tensions in central and southern Iraq.
The semi-official IRNA news agency quoted Iranian Deputy Interior Minister for Security and Law Enforcement Affairs Majid Mirahmadi as saying, in the wake of developments, unrest and the imposition of a curfew in several Iraqi cities, the land borders of the Islamic Republic of Iran and Iraq have been closed until further notice.
He also asked visitors to the holy shrines and those who intend to travel to Iraq not to go to the land borders, indicating that news and additional information will be announced by the Ministry of Interior.
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Samson: Because of the ban, the Iraqi Stock Exchange suspended its activity
30th August, 2022
The Iraq Stock Exchange announced today, Tuesday, that it has suspended its activity as a result of the curfew.
The market said in a brief statement received by Shafak News Agency, that "the market will not organize the trading session today, because it is an official holiday."
The market organizes five trading sessions a week from Sunday to Thursday, in which 103 Iraqi joint stock companies represent the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels and services.
On Monday, the Joint Operations Command announced a comprehensive curfew in all governorates of Iraq until further notice
And the Iraqi Prime Minister, Mustafa Al-Kazemi, directed, on Monday evening, to suspend the official working hours for tomorrow, Tuesday, in all governorates of the country, and to continue the comprehensive curfew, against the background of recent developments and clashes in the Green Zone.
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Samson: The Iraqi authorities decide to lift the curfew in Baghdad and the provinces
30th August, 2022
The Iraqi authorities decided today, Tuesday, to lift the curfew in Baghdad and the provinces, less than 24 hours after it was imposed yesterday.
The Joint Operations Command said, in a brief statement, received by Shafak News Agency, it was decided to lift the curfew in Baghdad and the provinces.
For his part, Iraqi Prime Minister Mustafa Al-Kazemi said that Al-Sadr's call to stop the violence represents the highest levels of patriotism and keenness to preserve Iraqi blood, noting that his speech bears a moral and patriotic responsibility for everyone to protect Iraq's capabilities, stop the language of political and security escalation, and initiate rapid and fruitful dialogue to resolve crises. LINK
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Samson: After al-Sadr put an end to the scene of confrontations, the features of the state return after a war that lasted "night and day"
30th August, 2022
After a day and a night of armed confrontations, at noon today, Tuesday, the features of the state returned to the fore again with its "absence" from the scene as a result of the spread of weapons and war inside the Green Zone.
At Al-Tayaran Square, as well as at the borders of Al-Jumhuriya Bridge leading to one of the gates of the Green Zone, Shafaq News Agency's camera documented the features of two synonymous appearances.
The camera documented a collective chest movement to leave the Green Zone in response to supreme orders issued by the leader of the Sadrist movement, Muqtada al-Sadr, who set an hour for his supporters to leave the fortified area, to end the state of conflict that has been going on since yesterday, and this morning, before ordering a comprehensive withdrawal "armed and peaceful", threatening in the event of non-compliance with his order to disavow "even from the current and in another position."
With the entry into force of the hour set by al-Sadr, the features of the emergence of the state began near the Green Zone with the appearance of traffic men, as well as security men from the Baghdad operations leaders, working to open the movement of cars in a clear traffic scene after the end of the “forced” curfew that was imposed yesterday and lifted. Once the Sadr Conference ends and the battles end.
The security forces also raised concrete barriers at bridges and spread in the streets to secure roads and prevent any security breach, while municipality cadres removed waste, paving the way for the gradual return of life and the emergence of the features of the state again before yesterday Monday.
The General Traffic Directorate's detachments and patrols began removing the concrete blocks in coordination with the Baghdad Operations Command, "the land-holding blocks", and opening the roads that were closed. The directorate said in a statement that "now all roads are open to traffic." LINK
Samson: Developments in Iraq affect international oil prices
08/30/2022 08:20:42
Oil prices fell today, Tuesday, to reduce some of the gains made in the previous session.
The market fears that the central banks' increase in interest rates will lead to a slowdown in the global economy and a decline in demand for fuel, while the violence in Iraq has affected prices.
Brent crude futures for October were down 75 cents, or 0.71 percent, at $104.34 a barrel by 03:48 GMT, after rising 4.1 percent on Monday, the biggest increase in more than a month.
US West Texas Intermediate crude was at $96.68 a barrel, down 33 cents, or 0.3%, after rising 4.2% in the previous session.
Inflation has approached double-digit territory in many of the world's largest economies, a level not seen in nearly half a century, which could prompt central banks in the United States and Europe to resort to sharper increases in interest rates. However, political violence on Monday night in Iraq, the second largest producer in the Organization of the Petroleum Exporting Countries (OPEC), supported prices.
Saudi Arabia, the largest producer in the Organization of the Petroleum Exporting Countries (OPEC), last week also raised the possibility of production cuts, which sources said could coincide with increased supplies from Iran if it concludes a nuclear deal with the West.
OPEC+, which includes OPEC, Russia and allied producers, meets to set policy on Sept. 5. LINK
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Samson: Commerce sets the date for the launch of the 46th Baghdad International Fair
08/30/2022 07:26:50
The Ministry of Commerce has set the first of next November as the date for the launch of the 46th session of the Baghdad International Fair, with the wide participation of major local and foreign companies.
The Director General of the General Company for Exhibitions and Commercial Services in the ministry, Hammam Ahmed, said in a press statement that "the Baghdad exhibition in its 46th session will start for the period from 1 to 10 of next November, with the wide participation of major local and foreign companies."
The Baghdad Fair was considered a "platform for commercial companies and the signing of contracts," noting that "it represents a major economic phenomenon that the capital Baghdad witnesses annually, in terms of the large participation of companies in various specializations."
The 45th session of the Baghdad International Fair concluded last year with a wide participation of 17 countries and more than 700 local and foreign companies from various sectors and specializations. LINK
Iraqi News Tuesday Morning 8-30-22
.Iraqi News Tuesday Morning 8-30-22
Tlm724 Administrator Bondlady’s Corner
Al-Sadr: Iraqi Blood Is Forbidden And Confirms: O Revolutionaries, You Have Fulfilled And Are Enough
Today, Tuesday, the leader of the Sadrist movement, Muqtada al-Sadr, directed the withdrawal of the Sadrist movement from parliament within one hour.
Al-Sadr said during a press conference held in Al-Hanana district in Najaf: I call on the demonstrators from the Sadrist movement to withdraw from Parliament within one hour.
He stated, "I am very saddened by what is happening in Iraq, and I offer my apologies to the Iraqi people."
Iraqi News Tuesday Morning 8-30-22
Tlm724 Administrator Bondlady’s Corner
Al-Sadr: Iraqi Blood Is Forbidden And Confirms: O Revolutionaries, You Have Fulfilled And Are Enough
Today, Tuesday, the leader of the Sadrist movement, Muqtada al-Sadr, directed the withdrawal of the Sadrist movement from parliament within one hour.
Al-Sadr said during a press conference held in Al-Hanana district in Najaf: I call on the demonstrators from the Sadrist movement to withdraw from Parliament within one hour.
He stated, "I am very saddened by what is happening in Iraq, and I offer my apologies to the Iraqi people."
Al-Sadr added: "The Iraqi is the only one affected by what is happening, and that the homeland is now a prisoner of corruption and violence, and we had hoped that there would be peaceful protests, not weapons, and that the revolution that was marred by violence is not a revolution, and I am now criticizing the revolution of the Sadrist movement."
And he continued, "I thank the security forces and the popular crowd that stood neutral, and I thank the Commander-in-Chief of the Armed Forces."
He pointed out that "Iraqi blood is forbidden, and my retirement is legitimate, not political, and my retirement from politics is final."
He affirmed not to allow new corruption led by the corrupt, saying, "Oh (peaceful) revolutionaries, you have fulfilled and are enough."
He added, "We will not allow attacks on you, as you are the protectors of reform, and we will not allow new corruption led by the corrupt." https://www.radionawa.com/all-detail.aspx?jimare=30951
Al-Kazemi, Al-Halbousi And Al-Amri Praise The Position Of Al-Sadr
Today, Tuesday, Prime Minister Mustafa Al-Kazemi affirmed that Muqtada Al-Sadr's call to stop violence represents the highest levels of patriotism and keenness to preserve Iraqi blood.
Al-Kazemi said in a tweet to him on his Twitter page, "Mr. Muqtada Al-Sadr's call to stop violence represents the highest levels of patriotism and keenness to preserve Iraqi blood."
He added, "Mr. Muqtada al-Sadr's speech holds everyone a moral and national responsibility to protect Iraq's capabilities, stop the language of political and security escalation, and initiate a quick and fruitful dialogue to resolve crises."
Today, Tuesday, Parliament Speaker Muhammad al-Halbousi stressed that the position of the leader of the Sadrist movement, Muqtada al-Sadr, is as big as Iraq.
Al-Halbousi said in a tweet to him: "Thank you, His Eminence Muqtada Al-Sadr, for your position is as big as Iraq, which deserves a lot from us."
For his part, the leader of the Al-Fateh Alliance, Hadi Al-Amiri, stressed today, Tuesday, that the initiative of the leader of the Sadrist movement, Muqtada Al-Sadr, is courageous and worthy of appreciation and praise.
Al-Amiri said in a statement: "Mr. Muqtada al-Sadr's initiative to put an end to armed violence is a brave initiative that deserves appreciation and praise, and it came at a critical moment in which the enemies are betting on expanding the state of fighting between brothers."
He added, "We strongly support what was stated in this initiative," calling on "everyone to follow the example of Muqtada al-Sadr with similar steps to end bloodshed and end sedition."
He called for "the cooperation of all national forces in order to recover the effects of the crisis and move forward to get out of the political impasse, for which our honorable and patient people are paying the price."
Today, Tuesday, the leader of the Sadrist movement, Muqtada al-Sadr, directed the withdrawal of the Sadrist movement from parliament within one hour. https://www.radionawa.com/all-detail.aspx?jimare=30954
Iraq.. Starting Arrangements For The Resumption Of Parliament Sessions
political| 05:36 - 30/08/2022 Special - Mawazine News The head of the Sadrist movement, Muqtada al-Sadr, ended today, Tuesday, a sit-in that lasted for several weeks for his supporters in front of the Iraqi parliament building. Arrange the situation in preparation for the resumption of the Council's sessions.
Supporters of the Sadrist movement withdrew from the Green Zone and the vicinity of the parliament, and a campaign began to clean the place and assess the damages in the parliament building, if any, according to a security source who spoke to "Mawazine News".
The source added, "The force responsible for protecting the parliament has returned to the nature of its work before the sit-in, and the parliament's staff will return to work normally."
To that, an Iraqi official explained in an interview with “Mawazine News” that “the political blocs handed over 180 parliamentary signatures to the Presidency of the House of Representatives, to resume the sessions. the government".
He points out to me, "In the coming hours, the Presidency of the House of Representatives will issue a decision to resume the parliament's sessions, and it is expected that a session will be held next week."
Today, Tuesday, the leader of the Sadrist movement in Iraq, Muqtada al-Sadr, directed the demonstrators to withdraw completely from Parliament within one hour, stressing in a press conference that he apologized to the Iraqi people, who are the only ones affected by what is happening, adding: "We hoped that there would be peaceful protests, not weapons."
He continued: "As long as this revolution is marred by violence, it is not a revolution, and I am now criticizing the revolution of the Sadrist movement."
Dozens of Muqtada al-Sadr's supporters stormed the Green Zone in Baghdad on Monday, shortly after he announced his retirement from politics, and police used water cannons against protesters, where the government building and foreign embassies are located.
And earlier yesterday, Monday, the leader of the Iraqi Sadrist movement, Muqtada al-Sadr, announced his retirement from political work permanently, and the closure of all Sadrist institutions, except for the "Holy Shrine" and the Al-Sadr Heritage Commission. https://www.mawazin.net/Details.aspx?jimare=204001
Iyad Allawi: Al-Sadr Put An End To The Chaos And Fighting
Political | 05:25 - 30/08/2022 Baghdad - Mawazine News The head of the National Coalition, Iyad Allawi, said on Tuesday that the leader of the Sadrist movement, Muqtada al-Sadr, had put an end to the chaos and fighting.
Allawi said in a tweet via Twitter followed by / Mawazine News /, "We commend the national position of His Eminence Muqtada al-Sadr, which put an end to the state of chaos and fighting, and we thank our heroic security forces for their commitment to maintaining the security and safety of citizens and state institutions, and we thank the popular crowd for their discipline."
He added, We also value all national positions that called for calm and bloodshed. Ended 29/R77
https://www.mawazin.net/Details.aspx?jimare=204000
To read more current and reliable Iraqi news please visit BondLady’s Corner:
Monday Evening Iraq Parliament News Highlights 8-29-22
.Monday Evening Iraq Parliament News Highlights 8-29-22
After Political Retirement... Al-Sadr's Office Issues 3 Important Directives - Urgent
Policy 2022-08-29 | 06:36 25,454 views Alsumaria News – Politics The private office of the leader of the Sadrist movement, Muqtada al-Sadr, issued today, Monday, three important directives, after al-Sadr retired from political work.
In a statement received by Alsumaria News, the office stated: "It is strictly forbidden to interfere in the name of the Sadrist movement in all political and governmental affairs, and indeed all transactions in the joints of the state, government and all other social institutions and addresses."
Monday Evening Iraq Parliament News Highlights 8-29-22
After Political Retirement... Al-Sadr's Office Issues 3 Important Directives - Urgent
Policy 2022-08-29 | 06:36 25,454 views Alsumaria News – Politics The private office of the leader of the Sadrist movement, Muqtada al-Sadr, issued today, Monday, three important directives, after al-Sadr retired from political work.
In a statement received by Alsumaria News, the office stated: "It is strictly forbidden to interfere in the name of the Sadrist movement in all political and governmental affairs, and indeed all transactions in the joints of the state, government and all other social institutions and addresses."
He explained: "It is strictly forbidden to raise slogans, flags, political chants and others in the name of the Sadrist movement."
He added: "It is strictly forbidden to circulate or use any media, including social media platforms, in the name of the Sadrist movement." LINK
Suspension Of The Work Of The Organizing Committee For The Demonstrations Of The Sadrist Movement
Policy 2022-08-29 | 06:32 Source: Alsumaria news 12,087 views He continued, "I only wanted to make the distortion that was caused by the Shiite political forces as the majority, and I only wanted to bring them closer to their people and to feel their suffering, hoping that it would be a door to satisfaction.Allahabout them..and how for them to do this."
Al-Sadr added, "Despite my perception that the reference's retirement was not of his own volition, and the statement issued by him was likewise.. However, I had decided not to interfere in political affairs, so now I am declaring final retirement and closing all institutions except the Holy Shrine and the Museum. Al-Sharif and the honorable Al-Sadr Heritage Commission.. and everyone is free from me.. and if I die or get killed, I ask you Al-Fatihah.” LINK
After Al-Sadr's Retirement, The "Minister Of The Leader" Closes All His Platforms Through The Communication Sites
Policy 2022-08-29 | 06:24 Source: Alsumaria news 5,253 views Alsumaria News – Politics Saleh Muhammad al-Iraqi, known as the Minister of the Leader, decided today, Monday, to close his personal pages on all social networking sites, after the decision to retire the leader of the Sadrist movement, Muqtada al-Sadr.
was a leader Sadrist Movement Muqtada al-Sadr, had decided, earlier today, to permanently withdraw from the political process.
Al-Sadr said in a tweet that I followed Alsumaria news, “Many people, including Mr Haeri That this leadership came thanks to them or by their command, no, that is thanks to my Lord first and from the blessings of the master the father sanctify his secret who did not abandon Iraq and his people."
He added, “Despite his resignation, NajafAl-Ashraf is the largest headquarters of the reference, as is always the case.. and I have never called for infallibility or diligence, not even (leadership), but I enjoin good and forbid evil, and God has the consequence of matters.
” Shiite political forces as the majority, and I only wanted to bring them closer to their people and to feel their suffering, hoping that it would be a door to God's satisfaction with them.. and how for them this is."
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Al-Sadr added, "Despite my perception that the reference's retirement was not of his own volition, and the statement issued by him was likewise.. However, I had decided not to interfere in political affairs, so now I am declaring final retirement and closing all institutions except the Holy Shrine and the Museum. Al-Sharif and the honorable Al-Sadr Heritage Commission..and everyone is free from me..and if I die or get killed, I ask you Al-Fatihah.” LINK
Disclosure Of The Outcomes Of The Second Meeting Of The Four Presidencies - Urgent
Policy 2022-08-29 | 06:03 6,681 views Alsumaria News - Politics The President of the Republic, Barham Salih, hosted today, Monday, the other three presidencies to discuss political developments on the national arena, while the outcomes of the meeting were revealed.
The Presidency of the Republic stated in a statement received by Alsumaria news, that "President of the Republic Barham Saleh, hosted a meeting that included the Prime Minister
Mustafa Al-Kazem, the Speaker of the House of Representatives Mohammed Al-Halbousi and the President of the Supreme Judicial Council, Judge Faiq Zeidan, to discuss developments on the national scene.
The meeting emphasized that "the preservation of security and stability and the democratic and constitutional path in theIraqIt is the duty of all Iraqis, as is the duty of state institutions and national political forces,” noting that “constructive dialogue is the right way to end all current disputes in order to preserve the country’s capabilities.”
The meeting renewed its support for the Prime Minister’s call, to “hold a new round of national dialogue.” This week, to discuss and discuss ideas and initiatives related to resolving the current crisis.” Sadrist Movement to attend the interview.
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The meeting stressed "the high appreciation of reform proposals at all levels, the development of the work of various institutions and the fight against corruption, and the need for the national dialogue to take its course to discuss everything that would translate the aspirations of our honorable people into an actual reality."
The meeting called on all national forces to "bear responsibility in the current situation in the country, including the adoption of calm at all levels and stopping the political escalation to allow for a fruitful discussion of the immediate solutions offered, a discussion of the general political situation and improving the environment for relations between the various political forces on the basis of the supreme national interest." And on the basis of the requirements of reform at its many levels,” he called for “an immediate halt to the current media escalation, which negatively affects the interests of the country and raises concern among the people.”
The meeting thanked LINK
After The Failure Of The Dialogue Session... Intensive Meetings To Get Out Of The Crisis
Sumerian special 2022-08-29 | 06:01 Source: Sumerian 1,377 views It is hoped that the dialogue sessions between the political poles will continue to discuss Al-Sadr's demands and come up with a unified vision, perhaps repeating the national dialogue sessions to engage in the procedures of the next stage.
There are many meetings to remedy the current political crisis. After the failure of last week’s meeting, which was not held due to the absence of some leaders, as well as the boycott of the Sadrist movement, the blocs are preparing to hold another meeting after al-Sadr stipulated that the current parties, including the Sadrist movement, not participate in the upcoming elections, the meeting will be held in the palace The government includes most of the political forces and actors, with the exception of the Sadrists, to discuss the current crisis in the country.
This meeting was preceded by a preliminary agreement between the active forces in the scene to hold an expanded meeting in the presence of the Prime Minister Mustafa Al-Kazemi
In addition to the leaders and leaders of the Coordination Framework Forces, the Sovereignty Alliance, as well as the leaders of the two main Kurdish parties, to discuss the initiative to resolve the crisis in addition to convincing a leader Sadrist Movement Returning to the dialogue table after forming a negotiating committee for this matter, especially since the negotiating delegation will not go to Al-Hanana unless it obtains the green light from there to receive them and accept the negotiation.
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According to politicians, the members of the proposed negotiating committee will be headed by a regional president Kurdistan Nechirvan Barzani and the membership of the leader of the Al-Fateh Alliance Hadi Al-Amri
The Speaker of Parliament Mohammed Al-Halbousi and leader union party the National Bafel Talabani.
To go with a unified vision that serves as a road map that includes specific timings for the life of the next government, dissolving parliament and setting a date for early elections. LINK
Political Forces Respond To Al-Sadr: An Impossible Agreement
Sumerian special 2022-08-29 | 05:54 Source: Sumerian 3,264 views Between a conditional chest agreement and an expected decision by the Federal Court, the political scene and those in it are holding their breath, waiting beyond the Sadr deadline, which will expire after seventy-two hours from the date of its announcement.
An extra run, or maybe it's a last chance . Al-Sadr gives the political forces seventy-two hours to sign an agreement conditional on early elections, but with new faces devoid of the old parties .
Al-Sadr’s deadline coincides with its timing with the date of the decision of the Federal Court regarding the lawsuit to dissolve Parliament, as observers see that the positions of some political blocs on the Al-Sadr Agreement are expressly rejected and there are no options to get out of the state of obstruction except to wait for what the decisions of the Federal Court will lead to .
After the year of two thousand and three, all eyes turned to a new stage free of suffering, but the dreams did not come true, and the situation of the country went from bad to worse, and after two thousand and twenty-two, will these dreams come true following the invitation of the Minister of Sadr in his last tweet entitled Come to Iraq new LINK
The Organizing Committee Of The Sadrist Sit-In Announces The End Of Its Mandate
Political | 01:39 - 29/08/2022 The text of the committee’s statement: To the honorable brothers protesting after the end of the blessed assignment, we apologize if we had defaulted in the previous days, and we have maintained peace throughout the past period. Central Committee https://www.mawazin.net/Details.aspx?jimare=203803
The Four Presidencies Agree To Hold A New Meeting For The National Dialogue And Send An Invitation To The Sadrists
Shafaq News/ The three presidencies, "the republic, the government, the parliament", as well as the head of the Supreme Judicial Council, Faeq Zaidan, held today, Monday, an important meeting at the Peace Palace in Baghdad, with the aim of finding a way out and a solution to the political crisis that Iraq has been witnessing for more than ten months.
And a statement issued after the meeting, received by Shafaq News Agency, stated that the President of the Republic, Barham Salih, hosted today a meeting that included Prime Minister Mustafa Al-Kazemi, Parliament Speaker Muhammad Al-Halbousi, and the President of the Supreme Judicial Council, Judge Faiq Zaidan, to discuss developments on the national scene. .
The meeting affirmed, according to the statement, that "preserving security, stability and the democratic and constitutional path in Iraq is the duty of all Iraqis, as is the duty of state institutions and national political forces, and that constructive dialogue is the right way to end all current disputes in order to preserve the country's capabilities."
The meeting renewed its support for "the Prime Minister's call to hold a new round of national dialogue this week to discuss and discuss ideas and initiatives related to resolving the current crisis, and we renew the invitation to the brothers in the Sadrist movement to attend the dialogue session."
The attendees stressed "the high appreciation of reform proposals at all levels, the development of the work of various institutions and the fight against corruption, and the need for the national dialogue to take its course to discuss everything that would translate the aspirations of our honorable people into an actual reality."
The meeting called on "all national forces to take responsibility in the current situation in the country, including the adoption of calm at all levels and stopping the political escalation, allowing a fruitful discussion of the immediate solutions offered, a discussion of the general political situation and improving the environment for relations between the various political forces on the basis of the supreme national interest." and based on the requirements of reform at its many levels.
The meeting also called for an immediate halt to the current media escalation, which negatively affects the interests of the country and raises concern among the people.
The meeting thanked the national social and cultural activities in support of the national dialogue and efforts for calm, resolution and solidarity among the people of the same country. LINK
Muqtada Al-Sadr Announces His “Final Retirement”: Everyone Is Free From Me
Shafaq News/ The leader of the Sadrist movement, Muqtada al-Sadr, announced on Monday his final retirement and decided to close all institutions affiliated with the Sadrist movement, except for his father's shrine.
Al-Sadr said in a tweet seen by Shafak News Agency, "Many people, including Mr. Al-Haeri, think that this leadership came thanks to them or by order, no, that is thanks to my Lord first and from the flows of the father, who sanctified his secret, who did not abandon Iraq and its people."
He added, "Despite his resignation, Najaf al-Ashraf is the largest headquarters of the reference, as is always the case... and I have never called for infallibility or diligence, not even (leadership). The distortion in which the main reason was the Shiite political forces as the majority, and I wanted nothing but to bring them closer to their people and to feel their suffering, hoping that it would be a door to God’s satisfaction with them.
A statement issued by him was also the same.. except that I had decided not to interfere in political affairs, so now I announce my final retirement and the closure of all institutions except the Noble Shrine, the Noble Museum and the honorable Al-Sadr Heritage Authority.. Everyone is free from me.. If I die or am killed, I ask you Al-Fatihah and supplication. LINK
"Tidbits From TNT" Tuesday Morning 8-30-2022
.TNT:
Tishwash: Iraq lifts curfew
On Tuesday, the Iraqi army announced the lifting of the curfew that it had imposed on Monday in all parts of Iraq after the chaos and confrontations that followed Muqtada al-Sadr's announcement of "retiring from politics" permanently, after al-Sadr asked his supporters to withdraw from the streets.
Journalists reported that al-Sadr's supporters began withdrawing from the Green Zone in the center of the Iraqi capital, which witnessed confrontations that left 23 people dead. link
TNT:
Tishwash: Iraq lifts curfew
On Tuesday, the Iraqi army announced the lifting of the curfew that it had imposed on Monday in all parts of Iraq after the chaos and confrontations that followed Muqtada al-Sadr's announcement of "retiring from politics" permanently, after al-Sadr asked his supporters to withdraw from the streets.
Journalists reported that al-Sadr's supporters began withdrawing from the Green Zone in the center of the Iraqi capital, which witnessed confrontations that left 23 people dead. link
Tishwash: Judicial source: There is no Federal Court session today to consider the claim to dissolve Parliament
A judicial source said that there is no session for the Federal Court, today, Tuesday, to consider the claim of dissolving the House of Representatives.
The source told {Euphrates News} that the court did not convene today "due to the official holiday and security developments near the Green Zone."
And he indicated that "the session will be held when things return to normal in terms of security."
It was scheduled to hold the Federal Court today, Tuesday, its session to consider the claim to dissolve the House of Representatives, but the recent developments in Baghdad and the imposition of a comprehensive curfew prevented that. link
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Tishwash: A legal expert sets a date for the Federal Court session to consider the case for dissolving Parliament
A legal expert has set the date for holding the Federal Supreme Court session to consider the case for dissolving the House of Representatives.
Haider Al-Sufi said in a press statement today, "The court session has not been held, given that today is an official holiday, but according to the law, it is moved to the first official working day after the holiday."
A judicial source told Euphrates News that "there is no session of the Federal Court, today, Tuesday, to consider the claim of dissolving the House of Representatives due to the official holiday and security developments near the Green Zone." link
**
CandyKisses: The Iraqi authorities confirm that the Green Zone was hit by 4 missiles
The government's Security Media Cell announced today, Tuesday, that the Green Zone was bombed by four missiles, which damaged a residential complex.
The cell said in a statement received by Shafaq News Agency, "The Green Zone in Baghdad was bombed by four missiles that fell in the residential complex." The cell added that the bombing "caused damage to the complex, as the place of its launch was from the Al-Habiba and Al-Baladiyat areas, east of the capital."
A security source had reported earlier today that the Green Zone was bombed by Katyusha rockets. The source told Shafaq News Agency, that as a result of the bombing, the American embassy activated the sirens without knowing more details.
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Tishwash: The dollar and gold exchange stopped trading in Baghdad
The main stock exchange for selling the dollar in the Al-Kifah and Al-Harithiya markets, as well as the "wholesale" gold markets in the Iraqi capital, Baghdad, stopped trading today, Tuesday, as a result of the comprehensive ban that has been applied since yesterday, while the dollar exchange rates rose in Erbil, the capital of Kurdistan Region.
Shafak News Agency correspondent said that the main stock exchange in Al-Kifah and Al-Harithiya markets in Baghdad, which is specialized in trading the US dollar exchange, and wholesale gold markets in Al-Nahr Street in the center of the capital, has closed its doors today, as a result of the curfew, and the security events taking place in Baghdad and a number of provinces.
In Erbil, the capital of the Kurdistan Region, the dollar prices witnessed an increase, as the selling price reached 148,400 dinars per 100 US dollars, and the purchase price reached 148,300 dinars per 100 dollars. link
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Tishwash: Food prices rise 20% within 24 hours, and warnings of market paralysis
The local economic expert, Salem Aziz, warned, on Tuesday, of a paralysis that will hit the Iraqi markets within 72 hours due to the developments of political and security events, noting that food prices rose by 20% within 24 hours.
In an interview with Al-Information, Aziz said, "The average prices of fruits and vegetables and the rest of the basic food items increased by 20% in less than 24 hours due to the green events, with the increase in demand by up to 70%, which was caused by the people's concern, which prompted the increase in purchase rates."
Aziz added, "80% of the products in the Iraqi markets, especially vegetables and the rest of the foodstuffs, are imported, and the chain of transport operations due to the ban on the main roads between the governorates will lead to paralysis in the markets within a maximum period of 72 hours in terms of an abnormal rise in prices, and we will be facing a crisis."
He pointed to "the need for flexibility in the movement of convoys around the clock between the governorates with the opening of markets and giving reassurance messages to the people that reduce the intensity of purchases that began to take a wide range due to fear of the continuing green crisis. link
Mot: Waiting fer This RV to Happen has Caused Many Strange Things to Happen!! ~~~~
Mot: . Even Noah had a Tough Time!! ~~~
Thoughts From Petra at KTFA "Scripted Actions" 8-29-2022
.KTFA:
Samson: The United Nations and Al-Kazemi renew the call on the parties to save Iraqi blood
2022-08-29
The United Nations Mission in Iraq (UNAMI) renewed on Monday evening its call on all parties to refrain from violence immediately.
Commenting on the news that the leader of the Sadrist movement, Muqtada al-Sadr, had begun a hunger strike, the mission stated that "restraint and calm are necessary in order for the voice of reason to prevail."
In addition, the Iraqi Prime Minister, Mustafa Al-Kazemi, valued the calls of Al-Sadr and Al-Amiri, to stop the violence, and all those who contributed to the calm and prevent further violence.
KTFA:
Samson: The United Nations and Al-Kazemi renew the call on the parties to save Iraqi blood
2022-08-29
The United Nations Mission in Iraq (UNAMI) renewed on Monday evening its call on all parties to refrain from violence immediately.
Commenting on the news that the leader of the Sadrist movement, Muqtada al-Sadr, had begun a hunger strike, the mission stated that "restraint and calm are necessary in order for the voice of reason to prevail."
In addition, the Iraqi Prime Minister, Mustafa Al-Kazemi, valued the calls of Al-Sadr and Al-Amiri, to stop the violence, and all those who contributed to the calm and prevent further violence.
Al-Kazemi, in a tweet posted on his personal account on Twitter, called on all parties to "assume the national responsibility for preserving Iraqi blood."
Amid violent clashes with medium and heavy weapons taking place in the Green Zone, which includes government headquarters and diplomatic missions, the vicinity of the US embassy building was bombarded with five mortar missiles, after which it was forced to activate the sirens.
So far, at least five demonstrators have fallen victim, and more than 50 others, including members of the Iraqi security forces, have been injured, as a result of the clashes that took place inside the Green Zone, since the riot police began trying to break up the Sadrist protests in the government palace.
This escalation comes against the background of the leader of the Sadrist movement, Muqtada al-Sadr, announcing his retirement from political work and the closure of all political, media and social institutions associated with him, and stressing his followers not to use his name or the name of the movement in any political or media activity.
As a result, the Green Zone and government institutions in a number of southern governorates became a field of clashes after the Sadrists began the "zero hour", turning their sit-in into a general rebellion and mobilization. LINK
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PETRA: The UN has the authority under their charter to interdict into national affairs of sustaining members of which Iraq is obviously one. Now, who better to absolve all political figures from being "sectarian?"
If the UN forces dissolution of Parliament PM K, Halabousi, and Saleh then are in essence absolved from making a decision that the crooked parliamentarians as well as the framework guys can argue against. There is no arguing or filing a lawsuit action here. Who would they file a protest with???
Secondly, it takes the Judicial counsel out of the equation as well. If the UN forces dissolution then the Judiciary do not need to make a ruling which, was to happen tomorrow.
How better scripted is this event and action? IMO, this is going to all happen very quickly! And again, this is just my opinion but have the agreement of a few friends of mine...and yours!.......... PETRA
Monday Afternoon Iraq Economic News Highlights 8-29-22
.Monday Afternoon Iraq Economic News Highlights 8-29-22
"Shameful"... Iraq's Total Exports Increased By 112.7% For The Year 2021
Shafaq News/ The Iraqi Ministry of Planning announced, on Monday, an increase in the country's total exports by 112.7% for the year 2021, while a financial expert described those non-oil exports as "shameful."
The Ministry's Central Statistics Agency said in a report seen by Shafak News Agency, "The total exports of crude oil, petroleum products and commodity materials amounted to 121.6 trillion dinars for the year 2021, equivalent to 83.8 billion US dollars, an increase of 112.7% over the year 2020, when it amounted to 57.1 trillion dinars. The equivalent of 47.9 billion US dollars.
Monday Afternoon Iraq Economic News Highlights 8-29-22
"Shameful"... Iraq's Total Exports Increased By 112.7% For The Year 2021
Shafaq News/ The Iraqi Ministry of Planning announced, on Monday, an increase in the country's total exports by 112.7% for the year 2021, while a financial expert described those non-oil exports as "shameful."
The Ministry's Central Statistics Agency said in a report seen by Shafak News Agency, "The total exports of crude oil, petroleum products and commodity materials amounted to 121.6 trillion dinars for the year 2021, equivalent to 83.8 billion US dollars, an increase of 112.7% over the year 2020, when it amounted to 57.1 trillion dinars. The equivalent of 47.9 billion US dollars.
He added that "the value of crude oil exports amounted to 109.7 trillion dinars for the year 2021, equivalent to 75.7 billion dollars, an increase of 120.8 percent over the year 2020, which amounted to 49.7 trillion dinars, equivalent to 41.8 billion dollars."
He pointed out that "the value of exports of oil products amounted to 5.8 trillion dinars for the year 2021, equivalent to 4 billion dollars, recording an increase of 105.5% from the year 2020, where the value of exports of oil products reached 2.8 trillion dinars, equivalent to 2.4 billion."
She explained that "the value of merchandise exports amounted to 6.1 trillion dinars for the year 2021, equivalent to 4.2 billion dollars, recording an increase of 31% over the year 2020, which amounted to 4.6 trillion dinars, or the equivalent of 3.8 billion dollars."
For his part, the financial expert, Muhammad Al-Hasani, confirmed to Shafaq News Agency, "The rise in Iraqi exports for the past year came as a result of the rise in global oil prices to exceed $100, in addition to the increase in Iraq's production of crude oil."
He added that "Iraq's non-oil exports are very few, which means that the country's economy is rentier," describing it as "shameful", given the lack of these exports, which amounted to only 4 billion dollars.
He pointed out that "any of the neighboring countries that lack natural resources, its exports amount to several times what Iraq exports," noting that "Iraq has an opportunity now to restore the infrastructure of its suspended factories and factories, taking advantage of the financial abundance resulting from the high oil prices that may not be available to us." This abundance in the coming period, given that oil prices are subject to global economic fluctuations." LINK
Iraqi Electricity Announces Its Need For 60 Million Cubic Meters Per Day Of Imported Gas
Shafaq News/ The Iraqi Ministry of Electricity confirmed, on Sunday, its need for 60 million cubic meters per day of gas to meet Iraq's need for electrical energy.
The Ministry's spokesman, Ahmed Moussa, told Shafaq News Agency, "The ministry was able to pay the dues of the Iranian side through internal borrowing from the Iraqi TBI Bank, before the Food Security Law allocates the dues of the Iranian side for the year 2020 and until the financial liquidity is available, so gas releases from the Iraqi side increased to 45 million cubic meters per day.
He added, "This rise helped support the stations with fuel and provide good hours," noting that "Iraq needs between 55 to 60 million cubic meters of gas per day for self-sufficiency for our operating generating stations, which is what we are communicating about with the Iranian side."
Iraq relies on Iranian gas to operate electric power plants. Earlier, Minister of Electricity Adel Karim announced that Iraq needs Iranian gas between 5-10 years.
Iran recently reduced gas exports to Iraq after Iraq delayed paying its dues, before Iraq announced in June that it had paid $1.6 billion to Iran for gas imported from it. LINK
Oil Expert: Iraq's Purchase Of Exxon Mobil's Share Will Achieve A Financial Return Of $ 526 Million
West Qurna field energy Economy News – Baghdad The oil expert, Ahmed Musa Jiyad, confirmed that Iraq will achieve a financial return of 526 million dollars after purchasing ExxonMobil's share in the West Qurna 1 field.
Jiyad said, in a study seen by "Economy News", that "purchasing Exxon Mobil's stake in the amount of $300 million will generate a total cash return accumulated at the beginning of 2035 estimated at about $826 million over 13 years, meaning that it gives a net return of $526 million, which is The equivalent of depositing $300 million at an annual interest rate of 8.1%.”
He added that the net cash return does not mean much in economic terms, because it overlooks the time factor, explaining that the production rate of West Qurna 1 field reached 520 thousand barrels per day during the month of June.
He pointed out that ExxonMobil's share amounts to 158,000 dollars per day from the Ghorba Al Qurna 1 field.
It is noteworthy that the Council of Ministers agreed to authorize the Ministry of Oil to buy Exxon Mobil's share, worth 300 million dollars.
To read the study text , click here. https://economy-news.net/vrsfls/cntnt/file/3647.pdf
100 . views Added 08/29/2022 - 11:04 AM Update 08/29/2022 - 1:07 PM
https://economy-news.net/content.php?id=29504
The Iraqi Minister Of Communications Promises "Two Light Hairs For Each House"
Shafaq News/ The Iraqi Minister of Communications, Arkan Al-Shaibani, confirmed the ministry's efforts to improve communications services in all cities of the country, especially Anbar Governorate, which occupies a third of the area of Iraq.
This came during a visit by the Minister of Communications to the city of Fallujah, 60 km west of the capital, Baghdad.
In his interview with Shafaq News Agency, Al-Shaibani said, "Fallujah is flourishing, especially after it returned after ISIS' aggression, and we are looking forward to moving forward in the reconstruction of the city."
On projects to enhance communications services in Anbar, Al-Shaibani said, "There is a Fiber to home project that was launched more than two months ago, where two light hairs reach each house, and a choice is made between two companies, Earthlink and Al-Rahma, both of which have been referred to the project and it will be a leap in the world of communications. In Iraq, and Anbar in particular. LINK
Anbar Investment Commission: The Majority Of Investors Are From The People Of The Kurdistan Region And Are On The Verge Of A Leap
Shafaq News/ The head of the Anbar Investment Commission, Muayyad al-Dulaimi, said on Sunday that "the investment file in Anbar Governorate is taking place very quickly, as a result of the security stability witnessed by the province, which is the most important factor for attracting investors."
Al-Dulaimi said, during his speech to Shafaq News Agency, that "the authority is determined to move forward with the investment wheel, by providing a safe environment as well as facilitating all matters for investors, whether from the people of the province or foreign investors, and there will be a qualitative leap in the investment file throughout Anbar."
He pointed out, "There is great cooperation in the investment file in particular between the local government in Anbar Governorate and the Kurdistan Regional Government, as the majority of investors in the province are from the region, and there will be wide doors and a greater horizon for investment between the region and Anbar Governorate."
On the possibility of reducing the monthly installments imposed on buyers in investment housing complexes in Anbar, Al-Dulaimi said, "A committee was formed in the past few days, specialized in setting the prices of housing units and finding an appropriate mechanism for communication between the investor and the citizen." LINK
Oil Prices Are Rising Again
Economie 2022-08-29 | 03:06 934 views Oil prices rose, during Monday's trading, by more than 1%, and the international crude contracts, "Brent" mix, approached the level of 101 dollars a barrel.
By 08:07 local timeMoscowBrent futures contracts for the month of November rose by 1.08% to $100.09 a barrel.
Meanwhile, US West Texas Intermediate crude futures rose 1.08% to the level of $94.15 a barrel, according to trading.
The expert commented James Whistler MD, managing director of Vanir Global Markets Pte in Singapore, commented on rising oil prices saying, "Despite the hawkish central banks' incentive to raise interest rates and the weak economic outlook, the price of oil continues to rise as supply constraints support the upside." LINK
Iraqi News Monday Evening 8-29-22
.Iraqi News Monday Evening 8-29-22
Tlm724 Administrator Bondlady’s Corner
Oil Expert: Iraq's Purchase Of Exxon Mobil's Share Will Achieve A Financial Return Of $ 526 Million
West Qurna field Energy Economy News – Baghdad The oil expert, Ahmed Musa Jiyad, confirmed that Iraq will achieve a financial return of 526 million dollars after purchasing ExxonMobil's share in the West Qurna 1 field.
Jiyad said, in a study seen by "Economy News", that "purchasing Exxon Mobil's stake in the amount of $300 million will generate a total cash return accumulated at the beginning of 2035 estimated at about $826 million over 13 years, meaning that it gives a net return of $526 million, which is The equivalent of depositing $300 million at an annual interest rate of 8.1%.”
Iraqi News Monday Evening 8-29-22
Tlm724 Administrator Bondlady’s Corner
Oil Expert: Iraq's Purchase Of Exxon Mobil's Share Will Achieve A Financial Return Of $ 526 Million
West Qurna field Energy Economy News – Baghdad The oil expert, Ahmed Musa Jiyad, confirmed that Iraq will achieve a financial return of 526 million dollars after purchasing ExxonMobil's share in the West Qurna 1 field.
Jiyad said, in a study seen by "Economy News", that "purchasing Exxon Mobil's stake in the amount of $300 million will generate a total cash return accumulated at the beginning of 2035 estimated at about $826 million over 13 years, meaning that it gives a net return of $526 million, which is The equivalent of depositing $300 million at an annual interest rate of 8.1%.”
He added that the net cash return does not mean much in economic terms, because it overlooks the time factor, explaining that the production rate of West Qurna 1 field reached 520 thousand barrels per day during the month of June.
He pointed out that ExxonMobil's share amounts to 158,000 dollars per day from the Ghorba Al Qurna 1 field.
It is noteworthy that the Council of Ministers agreed to authorize the Ministry of Oil to buy Exxon Mobil's share, worth 300 million dollars.
To read the study text , click here. https://economy-news.net/vrsfls/cntnt/file/3647.pdf
147 . views Added 08/29/2022 - 11:04 AM Update 08/29/2022 - 5:57 PM
https://economy-news.net/content.php?id=29504
Mazhar Muhammad Salih To / NINA /: Central Bank Loans .. A Soft Cash Lending Program For The Purposes Of Economic Development
Sunday 28 August 2022 10:54 | Economic Number of readings: 517 Baghdad / NINA / - The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the Central Bank loans are a soft cash lending program for the purposes of economic development.
He told the National Iraqi News Agency ( NINA ) that the Iraqi banking system is experiencing a kind of financial liberalization, as the supervisory instructions of the Central Bank of Iraq have allowed sufficient freedom for bank boards of directors to determine the credit and debit interest in accordance with the competitiveness and the bank's policy since 2004.
Saleh added: Today, the monetary policy interest rate is between 4-5%, and it is a price that guides banks in making their credit decisions. Noting that due to the low level of monetary credit in our country, the Central Bank initiated a soft cash lending program for the purposes of economic development, and the interest was initially about 4% with long grace periods for repayment.
He explained: The Central Bank of Iraq, in order to face the pressures of unemployment and depression, replaced the interest on its lending initiative, which amounted today to about 19 trillion dinars, with a commission that is deducted when the loan is granted once, and it may amount to 4% .
And Saleh: Despite that, there is no obligatory restriction on interest in the banking market. Rather, it is still free and free to be exercised by banks authorized by their administrative decisions and according to their liquidity conditions./End 3 https://ninanews.com/Website/News/Details?Key=996523
Integrity: Forming Committees To Recover Iraq's Money From Abroad
Money and business Economy News _ Baghdad Today, Monday, the Integrity Commission announced that most countries did not cooperate with Iraq to recover its money, while indicating the formation of several committees to return those funds from abroad.
The Director General of Recovery in the Commission, Deputy Head of the Iraq Money Recovery Fund, Moataz Faisal Al-Abbasi, said in an interview with the Iraqi News Agency and followed by "Economy News", that "most countries do not cooperate with Iraq, as the countries that have money in their banks do not give it easily and it is a rule General".
Al-Abbasi pointed out, "The Integrity Commission is working to conclude agreements between countries for cooperation, but it collides with legal, judicial or political procedures, depending on the state and its cooperation, and therefore the matter is outside the integrity of the integrity or the Iraqi money recovery fund."
He added, "The Integrity Committee, and in accordance with the conference held in order to recover Iraq's funds abroad, formed many committees," stressing that "coordination is continuing in order to clearly implement the recommendations, and there is a lot of work with those countries."
40 . views Added 08/29/2022 - 11:20 AM Update 08/29/2022 - 5:35 PM
https://economy-news.net/content.php?id=29505
Oil Prices Rose By More Than 1% In Global Markets
Economie| 09:03 - 29/08/2022 Follow-up - Mawazine News: International oil prices rose, this morning, Monday, by more than 1%, and investors expect a decrease in the supply of this type of raw materials in the market, according to trading data.
As of 8:07 Baghdad time, the price of the futures contract for the month of November, Brent crude oil, rose by 1.08% to reach $100.09 a barrel. Also, the October futures contract for West Texas Intermediate crude rose by 1.08% to reach $94.15. Ended https://www.mawazin.net/Details.aspx?jimare=203775
Will The Sadrists Hit The Iraqi Economy To The Core With This Sudden Step?
Politics, 2022/08/26 22:49, the number of readings: 1383 Baghdad-Iraq today: News platforms linked to the Sadrist movement have been promoting, since yesterday, Thursday, the Telegram application, to close oil stations, considering that "the oil goes to the corrupt, and that the people do not benefit from the export,"
stressing that "the safety of all oil companies is guaranteed." Foreign and domestic workers operating inside the oil fields when they are closed.
She pointed out that "the value of Iraqi oil revenues, according to official data, amounts to about 120 billion dollars annually,
but the actual number is much more than that if we take into account the illegal export and smuggling of oil to neighboring countries, and that these astronomical numbers are sufficient to build a continent." The platforms also confirmed,
"The (Petranus) field or the Al-Gharraf oil field (north of Nasiriyah) between the Shukr Castle district and Al-Rifai district produces 200,000 barrels per day, and that the leader of the Dawa Party, Kata Najiman (Abu Mujahid) dominates it,"
noting that "Closing production fields will stop 83 percent of oil exports.
Activists published the names of many fields, stressing that they will be closed, and they are in the governorates of Basra, Maysan, Nasiriyah, including the Abu Zarqan field, the Abu Gharb field in Maysan, the Rumaila fields in Basra, the Zubair field, the Qurna field, the Western Qurna field, and the giant Majnoon field in the governorate.
Basra, Giant Nahr Ibn Omar Field, Halfaya Field, Giant Nasiriyah Field in Dhi Qar Governorate, Al-Gharraf Field in Dhi Qar, Sinbad Field, West Al-Kifl Field, Al-Sabbah Field, Dujaila Field, Jabal Fawki Field, Nasiriyah Fields: Heath Field, Bazerkan Fields , Fakka field (Maysan) and others.
For his part, one of the coordinators of the Sadrist sit-ins, Jassem Al-Fatlawi, said that "any directives did not arrive from the leaders of the movement to close the oil fields,"
noting that "the Sadrist movement and all the people believe that the imports of these fields go to the pockets of the parties and the corrupt and their parties, and this is the reality, and that The people did not get any benefits from those imports."
He pointed out that "the movement does not take any steps without being very deliberate, aimed at preventing corruption and looting state funds and serving the people."
The activist in the Sadrist movement, "Abu Shaham", urged the people of the southern provinces to close all the fields, and he said in a tweet to him,
"The free southern people must close all the oil fields in southern Iraq, and for the reason that the people do not benefit from them, because they go into the pockets of the corrupt... We shall die honorably and not be slaves to corrupt tyrants.” https://iraqtoday.com/news/65599/هل-سيضرب-الصدريون-الاقتصاد-العراقي-في-الصميم-بهذه-الخطوة-المفاجئة
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