Sunday Afternoon Iraq Economic News Highlights 9-4-22

Sunday Afternoon Iraq Economic News Highlights 9-4-22

Inflation At Its Highest Level In Iraq In 10 Years

Posted On2022-09-03 By Sotaliraq   The annual inflation level in Iraq for the month of July increased by 12.3% compared to the same period in 2019, bringing the record in July 2022 to 117.8, which is the highest inflation rate recorded in the country in more than ten years.

The economic and financial expert, Manar Al-Obaidi, explained that "the inflation level in food prices rose by 11.2%, while the inflation level in housing, water, electricity and gas prices rose to 10.1%."

At the level of transportation prices, the inflation rate in Iraq increased by 16.8%, and the most inflated rate was the prices of health and medical services, which rose by 27.8% compared to July 2019, and the general index of the Health Department reached 149.9, an increase of 50% compared to the measurement year. Which is considered the year 2012, according to Al-Obeidi.

The Iraqi economic expert attributed the reasons for the high rates of inflation to many factors, including “the rise in oil prices, which reflects its shadow on all goods and services, in addition to the change in the exchange rate of the dinar against the dollar,” and these two reasons are enough to raise inflation rates to reach these record levels.

According to data from the Iraqi Ministry of Planning, the number of citizens below the poverty line has reached 9 million, and with the high rates of inflation, this percentage is expected to rise in the future, according to Al-Obeidi.

Al-Obaidi pointed out that «the Iraqi government does not take any actual measures that would reduce the rates of inflation eligible to rise as a result of the lack of approval of the budget and the absence of programs that limit the impact of the level of inflation on the Iraqi citizen».

He pointed out that «the local products that would reduce inflation rates are still below the level and unable to cover the need for imported products».   LINK

Al-Halbousi Calls For The Adoption Of The General Budget Law

Parliament Speaker Mohammed Al-Halbousi

Money and business  Economy News – Baghdad   Parliament Speaker, Muhammad al-Halbousi, called for the formation of the next government, in order to approve the federal budget law for the current year.

Al-Halbousi said in a press statement received by "Al-Iqtisad News", "The agenda of the upcoming national dialogue sessions must include a number of issues that the political process cannot proceed without agreement on them, namely setting a date for early parliamentary elections and provincial elections no later than the end of next year and the election of The President of the Republic and the selection of a government with full authority, agreed upon, trusted and reassured by the people and their political forces.

He continued, "The adoption of the Federal General Budget Law and the regulation of the relationship between the federal government and the Kurdistan Regional Government with a public agreement for the people until the adoption of the oil and gas law."   54 views   Added 09/04/2022 - 9:52 AM   Update 09/04/2022 - 1:11 PM https://economy-news.net/content.php?id=29547

Iraq Exported More Than 112.6 Million Barrels During The Month Of August

Energy     Economy News – Baghdad   Iraqi oil exports amounted to more than 112.6 million barrels during the month of August, of oil controlled by the federal government and the Kurdistan Regional Government.

The regional government exported 11.5 million barrels during the month of August, while the Baghdad government exported 101.1 million barrels, at a total rate of 3.63 million barrels per day. The region's exports constituted 10.2% of the total exported oil.

China ranked first in oil exports from the federal government with 33.6 million barrels, followed by India with 26.3 million barrels and America with 6.8 million barrels.

While Greece ranked first in the region's oil exports, followed by Italy with 2.29 million barrels and the UAE with 748,000 barrels.   Views 66   Added 09/04/2022 - 10:13 AM   Update 09/04/2022 - 1:14 PM

https://economy-news.net/content.php?id=29548

Oil: Promising Plans To Develop The National Pipeline Network

Energy    Economy News – Baghdad On Saturday, the Undersecretary of the Ministry of Oil for Liquidation and Distribution Affairs Hamid Younis affirmed the ministry's keenness to develop and modernize the national pipeline network and infrastructure for the oil sector due to its importance in enhancing and sustaining storage capacities and to achieve high flow in the mechanisms and operations of pumping and distributing oil and its derivatives through its specified paths.

According to a statement by the Ministry of Oil, this came during Yunus presiding over the 31st meeting of the company’s board of directors, and Younis stressed “the importance of the promising plans for the oil pipelines sector to sustain production, liquidation and feeding other sectors with crude oil or petroleum products,” praising “the national experiences that the company possesses in developing Infrastructure of the oil pipelines network and warehouses and moving forward to improve the reality of its work and implement the tasks entrusted to it to support the national economy and the service sector.

The Deputy Director General in charge of managing the company, Majed Abdel Reda, said, "The national staff is working according to pre-prepared plans to develop pipeline networks, rehabilitate those affected by them, lay new pipes, and increase storage capacities in their warehouses spread throughout the country to secure fuel for consumers, electric power production stations and vital sectors in the service of the public interest. ".

According to the statement, "during the meeting, the agenda for developing plans and studies for the development of the long-distance pipeline network in the country and the problems, obstacles and challenges facing the work to provide effective solutions to them were discussed."

Views 28   Added 09/03/2022 - 5:37 PM   Update 09/04/2022 - 12:07 PM

https://economy-news.net/content.php?id=29543

General Secretariat Of The Council Of Ministers: Automation Of Outlets Has Raised The Value Of Revenues For Three Years

Iraq  14:44 - 09-04-2022   Today, Sunday, the General Secretariat of the Council of Ministers announced governmental coordination to address obstacles to e-governance, while it identified five positives for the port automation project, including the increase in annual revenues.

A spokesman for the General Secretariat, Haider Majid, said, "The General Secretariat of the Council of Ministers, in its capacity as the supreme committee for managing e-governance affairs in Iraq, continues under the direct supervision of the Secretary-General of the Council of Ministers to take all its technical and administrative measures in coordination with all official institutions to manage e-governance and establish special programs." Which contribute to simplifying the administrative procedures taken by service institutions in particular and the rest of the services in general.”

He added, "There are several programs that the National Data Center is working on, the most important of which is the abolition of issuing paper-based health certificate books and transferring them electronically under the directive of the Prime Minister.

Introducing the cadres working on these programs in training courses and workshops, whether within the General Secretariat or in the relevant institutions,” stressing that “all these procedures aim to simplify and facilitate the procedures presented to citizens and reduce effort and time.”

He pointed out that "the General Secretariat of the Council of Ministers is the supreme body supervising the management of e-governance, and it is the coordinating body that manages all the programs implemented by the National Data Center," noting that "there are many programs that will be presented to citizens, including simplifying the procedures for issuing authenticity of breasts, books and correspondence in what between the federal government and the Kurdistan Regional Government.

He pointed out that "this process was heavy on citizens due to the delay in completing transactions, but it entered the program and switched from paper to electronic, and a phone number (5599) was allocated to receive citizens' inquiries on the issue of breast health, as well as to inquire about the mechanism of work of the Euro-electronic portal and services that she presents".

He explained, "The issue of stopping services from time to time is subject to the quality of the Internet services provided (its weakness and strength), and certainly there are direct treatments and coordination between the Supreme Committee in the General Secretariat, the Ministry of Communications and the concerned authority."

And on the automation of border crossings, the spokesman of the General Secretariat said, "There is a work team at the ports and customs working under the direct supervision and follow-up by the head of the Border Ports Authority, Major General Omar Adnan Al-Waeli, to automate the tax and customs receipt,"

noting that "this issue has several positives that are reflected On the work of border crossings, which is the judiciary, reducing cases of corruption, changing the gender of material, forging certificates of origin and import, in addition to increasing revenues to the Iraqi state, where the percentage of revenues in the years (2020 - 2021 - 2022) reached nearly one trillion and nine hundred billion dinars, which is a very large revenue achieved The authority during this period, and the issue of automation was the main factor in these procedures.” https://kirkuktv.net/AR/Details/8657

Transportation: More Than 800 Planes Cross Iraqi Airspace Daily

Money and business      Economy News _ Baghdad  The Ministry of Transport announced, on Saturday, a statistic of the number of planes crossing Iraqi airspace, after the file was seized by Iraqi experts.

Ministry spokesman Hussein Jalil said in a statement to the official news agency, "The General Company for Air Navigation Services is one of the formations of the Ministry of Transport, as it received great attention from Minister Nasser Hussein Al-Shibli, represented by multiple visits and field visits," noting that "before 2021, the number of The planes crossing Iraqi airspace did not exceed 150 planes per day."

He added, "After the Iraqi airspace became managed in Iraqi hands by qualified Iraqi air traffic controllers, there are approximately 300 air traffic controllers, and the number of aircraft transiting to Iraq has reached more than 800 aircraft daily."

And he added, "This transiting aircraft is registered according to a system to achieve state revenue support, in addition to transit, which will be additional to the treasury."

60 . views   Added 09/03/2022 - 5:06 PM  Update 09/04/2022 - 12:55 PM

https://economy-news.net/content.php?id=29542

Cabinet Secretariat: 1.9 Trillion Dinars Revenues From Border Crossings Within 3 Years

Economie| 02:42 - 04/09/2022   Baghdad - Mawazine News, the General Secretariat of the Council of Ministers announced, on Sunday, that the revenues of border crossings during three years amounted to about 1.9 trillion dinars.

The secretariat's spokesman Haider Majid said on the automation of border crossings, that "there is a working team at the ports and customs working under the direct supervision and follow-up of the head of the Border Ports Authority, Major General Omar Adnan Al-Waeli, to automate the tax and customs receipt," according to the official news agency.

He explained, "This issue has several positives that are reflected on the work of the border crossings, which is the judiciary, reducing corruption cases, changing the gender of the material, forging certificates of origin and import, in addition to increasing revenues to the Iraqi state, where the percentage of revenues in the years (2020 - 2021 - 2022) is approximately Of the trillion and nine hundred billion dinars, which is a very large revenue that the authority achieved during this period, and the issue of automation was the main factor in these procedures.”  https://www.mawazin.net/Details.aspx?jimare=204453

Parliamentary Services Talk About The Food Security Law And The Mechanisms For Dividing Their Duties

Economie   12:55 - 09-04-2022   On Sunday, the Parliamentary Services Committee revealed that the committee has set up a mechanism to divide its duties in following up the service ministries in the country, stressing that all service projects included in the food security law’s allocations will be implemented according to priority to meet the needs of citizens.

Deputy Chairman of the Committee, Kazem Baqir al-Saadi, said, "The Parliamentary Services Committee has established a mechanism to supervise service projects throughout the country, including projects of the Baghdad Municipality and Baghdad Governorate."

Al-Saadi added, "Based on exercising our legislative and oversight role and our keenness on the necessity of implementing real programs that would advance the service reality in all governorates of Iraq," noting that "the Services Committee closely monitors the performance of service ministries in order to evaluate service work in proportion to the size of Baghdad Governorate." .

He pointed out that "all service projects included in the allocations of the Food Security Law will be implemented according to priority to meet the needs of citizens." https://kirkuktv.net/AR/Details/8653

Economists Expect The Surplus To Reach $20 Billion By The End Of 2022

Posted On2022-09-04 By Sotaliraq   Baghdad/Bright news   Economists expected that Iraq's cash surplus would reach about $20 billion at the end of this year, pointing out that the central bank's reserve has now reached $90 billion, while noting that the lack of approval of the budget law will prevent Iraq from investment spending.

Iraq currently relies on Federal Financial Management Law No. 6 of 2019 amended to conduct its financial affairs through the monthly allocation of public spending according to the same rates as last year due to the lack of approval of the budget.

The economic expert, Ahmed Saddam, said in an interview with Al-Mada that "the recent rise in oil prices gives rise to optimism and hope for achieving more financial revenues for the public treasury."

Saddam added, "The relative stability will not last long, and what is required in the economic policy in Iraq is to have a sovereign fund, as is the case in other countries."

He pointed out, "This fund is directed to large projects that can create added value and solve many economic problems in Iraq."

Saddam pointed out that "the rise helped achieve a large reserve for the Central Bank of $90 billion," noting that "official expectations indicate the possibility of achieving a surplus at the end of this year of up to $20 billion."

He stressed, "The expected surplus, with the presence of political and economic stability, can be directed towards projects that contribute to improving the economic reality and reduce the severity of the shocks to which the Iraqi economy is exposed due to the heavy dependence on oil."

Saddam stressed, "Prices will drop in the future, and these are well-known economic cycles, and therefore what is required is the existence of policies towards diversifying the economy, and they need pillars and legislation that stimulate foreign direct investment."

And he continues, that "economic development in Iraq can be based on the oil sector itself, but through industries related to this sector."

Saddam noted that "the establishment of petrochemical industries can stimulate other industries such as refining," noting that "such projects can create a lot of income, generate a lot of job opportunities and preserve economic activities."

He believed, "Such industries stimulate the level of economic growth dependent on oil, but this in itself is a great value. Instead of exporting all crude oil, there will be a large share of oil production that will be transformed into refined products and turned into petrochemical industries."

Saddam went on to say that "the existence of such industries can stimulate other industries, such as plastics, and this is an important issue that many international experiences have persisted in so that it stems from the competitive advantage that characterizes the economy."

For his part, the other economic expert, Safwan Qusay, stated that "the lack of political agreement significantly affected the economic situation, and this was evident through the failure to pass the budget law for the current year."

Qusay added, "The delay contributed to the complexity of the current government's business when it moved to the caretaker, as it could neither make transfers nor spend higher than the actual spending for 2021."

He pointed out that "current spending last year was 90 trillion dinars, which means that spending will continue at the same level."

Qusay stated, "Investment spending will be disrupted, although it is in line with the Iraqi economy, which suffers from desertification in the decrease of job opportunities and the migration of farmers as a result of the lack of water."

He finds, "Iraq had to approve a budget that responds to these variables," noting that "the law of emergency support for food security approved by the House of Representatives earlier contributed to supporting the Iraqi economy by launching 17 billion dollars at the level of achieving food security and settling energy dues with The Iranian side has allocated 8 trillion to the provinces to break the partial bottlenecks.”

Qusay stressed, “The country will enter 2023 in the shadow of this political conflict without an investment budget, and there is a problem that if projects are left without funding, the implementers will withdraw and consequently we will suffer losses as a result of this withdrawal.”

And he added, “Parliament has to think of a legal tool that accompanies the process of dissolving it if a solution is resorted to, so that the current government or others can continue with investment spending.”

Qusay went on to say that "there is one window to settle this issue through self-financing funds that have the possibility, through their boards of directors, to finance these projects, or have partners in implementation through the stock market."

Qusay went on to say that “leaving the issue without thinking about the future, the level of danger will rise, and we do not know whether the next government after the elections can implement the program to address these errors.”

It is noteworthy that Iraq failed to approve the current year’s budget due to the many political differences, and had previously failed to approve the 2014 and 2020 budgets.   LINK

MilitiaMan and KTFA Members Sunday Evening 9-4-2022

KTFA:

Samson:  Kurdistan Retirement releases salaries online next week

4th September, 2022

The Directorate of Retirement in Kurdistan Region announced on Sunday that it will start disbursing salaries on Monday of next week.

The Director General of Retirement Hazem Goran told Shafak News Agency that the directorate will start distributing the salaries of retirees according to the electronic system on the twelfth of this month.

And he indicated that "the directorate has completed all the tasks entrusted to it to activate the electronic system, and we are now waiting for an agreement with the banks on a specific mechanism for distributing salaries electronically through them."

He pointed out that "paper files will be completely dispensed with and replaced with the new electronic system, which will greatly facilitate the delivery of retirees' salaries, taking into account their ages."  

LINK

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MilitiaMan:  So they are waiting on an agreement with the banks for a specific mechanism to distribute salaries on the 12th of this month.. Interesting way of putting it. "Specific Mechanism " They will have it all sorted electronically and on the new system.  ~ MM

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Samson:  The General Secretariat : Automation of outlets has raised the value of revenues for three years

4th September, 2022

Today, Sunday, the General Secretariat of the Council of Ministers announced governmental coordination to address obstacles to e-governance, while it identified five positives for the port automation project, including the increase in annual revenues

A spokesman for the General Secretariat, Haider Majid, told the Iraqi News Agency (INA), that "the General Secretariat of the Council of Ministers, in its capacity as the supreme committee for managing e-governance affairs in Iraq, continues under the direct supervision of the Secretary-General of the Council of Ministers to take all its technical and administrative measures in coordination with all institutions." The official website for managing e-governance and establishing special programs that contribute to simplifying the administrative procedures taken by service institutions in particular and the rest of services in general

Majid added, "There are several programs that the National Data Center is working on, the most important of which is the work to cancel the issuance of paper-based health certificate books and transfer them electronically under the directive of the Prime Minister, and the center begins to work with institutions after all logistical supplies and equipment are prepared from computers and the rest of the devices." And also the introduction of cadres working on these programs in training courses and workshops, whether within the General Secretariat or in the relevant institutions, stressing that "all these procedures are aimed at simplifying and facilitating the procedures provided to citizens and reducing effort and time

He pointed out that "the General Secretariat of the Council of Ministers is the supreme body supervising the management of e-governance, and it is the coordinating body that manages all the programs implemented by the National Data Center," noting that "there are many programs that will be presented to citizens, including simplifying the procedures for issuing authenticity of breasts, books and correspondence in what between the federal government and the Kurdistan Regional Government

He pointed out that "this process was heavy on citizens due to the delay in completing transactions, but it entered the program and switched from paper to electronic, and a phone number (5599) was allocated to receive citizens' inquiries on the issue of breast health, as well as to inquire about the mechanism of work of the Euro-electronic portal and services that she presents

He explained, "The issue of services interruption from time to time is subject to the quality of the Internet services provided (its weakness and strength), and certainly there are direct treatments and coordination between the Higher Committee in the General Secretariat, the Ministry of Communications and the concerned authority

Regarding the automation of border ports, Majid said, "There is a work team at the ports and customs working under the direct supervision and follow-up by the head of the Border Ports Authority, Major General Omar Adnan Al-Waeli, to automate the tax and customs receipt," noting that "this issue has several positives that are reflected in the work of the ports."

The border, which is the elimination and reduction of cases of corruption, changing the gender of material, forging certificates of origin and import, in addition to increasing revenues to the Iraqi state, where the percentage of revenues in the years (2020 - 2021 - 2022) reached nearly one trillion and nine hundred billion dinars, which is a very large revenue achieved by the authority in this duration, and the issue of automation was the main factor in these procedures LINK

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Cabinet Secretariat: 1.9 trillion dinars revenues from border crossings within 3 years  LINK

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OurCoin:  MM you gotta like this one!    IMO     

MilitiaMan:  I do . The borders will support the value of the currency aside from oil and other minerals, tourism, etc.. ~ MM

Samson:  Twenty-Nine Cases Have Been Filed Against The Iraqi Oil Minister... What Are Their Details?

4th September, 2022 An informed source revealed today, Sunday, the total number of cases registered against the Minister of Oil (Ihsan Abdul-Jabbar) in the Integrity Commission, stressing that they amounted to (29) criminal cases that were referred to the judiciary.

The source indicated, in a statement to Earth News, that "the Integrity Commission referred (29) cases against the current Minister of Oil and the former Director General of the Basra Oil Company to the judiciary, after the Commission completed its investigation procedures in all cases.

He explained that "the cases that are still under investigation amounted to (7) cases, while (3) cases were referred to another investigative court, indicating that the number of cases that were closed by the judiciary reached (19) cases."

And he concluded that “the cases in which the Minister of Oil is accused were divided between accusations of overstepping his powers, job negligence that caused wasting public money, leaking documents and disclosing the secrets of the party in which he works, tampering with tenders and imposing companies as a secondary article in contracting with some international companies, as well as collusion with Foreign companies, and refraining from implementing the decisions of the Federal Court regarding the delivery of oil exported from the territory of the Kurdistan region.”  LINK

Sunday AM Iraq Parliament News Highlights 9-4-22

Sunday AM Iraq Parliament News Highlights 9-4-22

The Parliamentary Services Committee calls for international intervention and global solidarity to save the displaced Yazidis

2022-09-03 09:10   Shafaq News/ On Saturday, the Parliamentary Services and Reconstruction Committee appealed to the United Nations, the Iraqi government and the governor of Nineveh, to rescue the displaced Yazidis after their tents were devoured by fire in the Kurdistan Region.

"We appeal to the Minister of Migration and Displacement, Othman Al-Ghanimi Agency, the Minister of Immigration Karim Al-Nouri, the Governor of Nineveh Najm Al-Jubouri, and the United Nations to rescue the displaced Yazidis," the head of the committee, Mahma Khalil Ali Agha, said in a statement received by Shafaq News Agency.

https://media.shafaq.com/media/arcella/1629130744997.jpeg

And he indicated that "the fires engulfed 28 tents inhabited by 30 Yazidi families in the camp (Bahad Kendala) in Batili district in the Sumail district of Dohuk governorate, and we visited the site on the ground, which prompts us all to rescue them from their tragic situation."

Khalil suggested "collecting financial donations for them," noting that "he will donate one million dinars to each family affected by this fire, as well as providing new tents to replace the ones that were burned."

Ali Agha urged "the whole world, religious authorities, political leaders, the parliament and the Kurdistan Regional Government to save the Yazidis from the genocide they have been subjected to since 2014 until now, as their cause is more than humanitarian, as they need to align, grant rights to them, and find real solutions to their cause."

And he continued, "This religious component does not bear all these torments and abuses that killed it, and it is everyone's duty to grant them rights and entitlements, this fire is not the first, as they have lost everything."

He called for "international and Iraqi solidarity to compensate them for all the tragedies they have experienced and to grant them full rights, as well as to reconstruct Sinjar and make it an incubating environment for them and not expelling."

He explained, "While the politicians are preoccupied with quarrels among themselves and their own interests, we follow the conditions of this oppressed religious component that was subjected to extermination and is still subjected to it."

Ali Agha concluded by saying, "He will communicate with decision-makers as well as with the region to restore their rights and provide them with safety, as there is no alternative to the Sinjar Agreement and creating a safe environment for Sinjar to return to."   LINK

Al-Halbousi Raises 10 "Important" Points For Adoption In The Upcoming Dialogue Sessions

Policy  6,019 views   Alsumaria News - The policy  of Parliament Speaker Muhammad Al-Halbousi, today, Sunday, ten important points for adoption in the upcoming dialogue sessions, including the election of the President of the Republic.

Al-Halbousi said in a tweet on the website:Twitter And I followed him Alsumaria news The agenda of the upcoming national dialogue sessions must include a number of things that the political process cannot proceed without agreement on:

Setting the date for early parliamentary elections and provincial elections at the latest at the end of the day. current year.

Election of the President of the Republic.

- Choosing a government with full authority, agreed upon, and one that is trusted and reassured by the people and their political preferences.

- Reinterpretation of Article 76 of the Constitution, and the abolition of the shameful circumvention of manipulating the rule of this article, which occurred under political pressures after the 2010 elections.

- Adoption of the Federal General Budget Law.

Maintaining or amending the Parliament elections law.

Legislation of the law of the Federal Supreme Court in accordance with Article 92 of the Constitution.

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Redeployment of military and security forces of all kinds, and the Ministry of the Interior is exclusively responsible for the deployment and imposition of security in all cities, and the rest of the forces will be in their normal place in the training and deployment camps determined by the military and security leadership, while providing everything necessary to be ready for any emergency.

- The immediate return of all the innocent IDPs who were displaced from their homes and have not been able to return to it until now.

- Regulating the relationship between the federal government and the Kurdistan Regional Government with an agreement announced to the people until the approval of the oil and gas law.   LINK

Al-Zaidi Addressing This Group: "Our Mistake Is To Open A New Page With You After Defeating ISIS."

Policy  2022-09-03 | 06:49   7,377 views  Alsumaria News – Politics The Secretary-General of the Imam Ali Brigades (peace be upon him), Shibl al-Zaidi, sent a message to those he called "practitioners of incitement and sowing sedition", while stressing that they have turned media capabilities into tools of sedition; In order for the sword to fall between the brothers.

Al-Zaidi said in a tweet on Twitter, and Alsumaria News followed it: “To those who have been and are practicing incitement and sowing hatred for fifteen years, you do not represent clans, social activities in your areas, nor any national curriculum, but you represent the point of view of the countries that made you trade.

With the blood of your countrymen, it gave you capabilities and capabilities and assigned you the tasks of sowing sedition and spreading hatred."

He added: "Our mistake, which we regret, is that we opened our hands and bowed our heads to start a new page after we defeated ISIS, which you were mainly in its development, as our vision was that reconciliation, dialogue, partnership and acceptance of the other is the basis of the existence and strength of Iraq to rise again."

The text of the tweet is below:

https://www.alsumaria.tv/uploadImages/ExtImages/Images1/ExtImage-9392606-1051842112.jpg

Al-Zaidi addressing this group: "Our mistake is to open a new page with you after defeating ISIS   LINK

Reuters" Reveals The Details Of Al-Sistani's Message To Al-Sadr And How He Stopped The Al-Khadra Clashes

Policy 2022-09-03 | 04:19  Source:  Reuters

58,088 views  Alsumaria news – translation   A report by Reuters news agency described today, Saturday, the supreme religious authority, Ali al-Sistani, as "the most powerful man" in Iraq.

Reuters published its report entitled: "How a 92-year-old cleric stopped Iraq's slide back into war."

When a statement by a religious scholar in Iran pushed Iraq to the brink of civil war last week, there was only one man who could stop it: a 92-year-old Iraqi Shiite cleric who once again proved to be the most powerful man in his country. ".

He added, "Grand Ayatollah Ali al-Sistani did not say anything publicly about the unrest that broke out in the streetsIraq. But government officials say it was only Mr. Sistani's behind-the-scenes stance that stopped the collapse."

The report stated, "ReutersI spoke with nearly 20 officials from the Iraqi government and  Sadrist Movement  Most of the Shiite factions spoke on the condition of anonymity, and all interviews pointed to a decisive behind-the-scenes intervention by Sayyid al-Sistani, who had never held an official political position in the country.  Iraq".

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An Iraqi government official toldReutersAl-Sistani sent a message to the  Muqtada al-Sadr  That if he does not stop the violence, Sistani will be forced to issue a statement calling for an end to the fighting."

Three Shiite figures based in Najaf and close to Sistani did not confirm that Sistani's office sent an explicit message to Sadr, but they said it was clear to Sadr that Sistani would speak soon unless Sadr stopped the unrest," according to a report.Reuters.

and sawBaghdadMonday (August 29, 2022), demonstrators stormed the presidential palaces inBaghdadHours after the announcement of the leader  Sadrist Movement  Muqtada al-Sadr  [/url]  His permanent 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.

Also on Monday (August 29, 2022), it was announced  Joint Operations Command Imposing a comprehensive curfew in the capital Baghdad This includes motorists and citizens, starting at half past three in the afternoon on Monday.

And on Tuesday afternoon (August 30, 2022), a leader  Sadrist Movement  Muqtada al-Sadr , withdraw  Sadrist Movement  From Parliament within one hour after casualties and injuries.

To view the report from its original source, click here

Grand Ayatollah Ali Al-Sistani said nothing in public about the unrest that erupted on Iraq's streets. But government officials and Shi'ite insiders say it was only Sistani's stance behind the scenes that halted a meltdown. LINK

Al-Sadr Pledges To Protect Ali Al-Sharifi

Political | 12:44 - 04/09/2022   Baghdad - Mawazine News, the leader of the Sadrist movement, Muqtada al-Sadr, pledged, today, Sunday, to protect the cleric, Ali Al-Sharifi, after he was stripped of his turban.

https://www.mawazin.net/Details.aspx?jimare=204441

Al-Nasr Comments On Al-Kazemi's Withdrawal Of Al-Abadi's Protections: He Does Not Have A Protection Regiment

Political| 06:31 - 03/09/2022   Baghdad - Mawazine News   The victory coalition confirmed, on Saturday, that its leader, Haider al-Abadi, does not have a protection regiment.

A statement received by Mawazine News stated that the "Victory Coalition" surrounds public opinion, that Haider al-Abadi does not have a protection regiment, and everything rumored to the contrary is untrue.

The statement continued, "For information, Al-Abadi's protection is personal protection, and it is the least in number among the protections of official figures."

This comes after news indicated that the Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, had ordered the withdrawal of Al-Abadi's protections in the Green Zone in the capital, Baghdad. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=204371

Sunday AM Iraq Economic News Highlights 9-4-22

Sunday AM Iraq Economic News Highlights 9-4-22

Iraq's oil exports to America amounted to more than 7.5 million during the past month

Economie   12:37 - 09-04-2022   On Sunday, the US Energy Information Administration announced that Iraq's oil exports to America amounted to more than 7.5 million barrels last August.

The administration said, "Iraq exported 7.533 million barrels of crude oil to America during the month of August, at an average of 243 thousand barrels per day, down from the month of July, in which Iraqi oil exports to America amounted to 9.982 million barrels, at an average of 322 thousand barrels per day."

And she added, "Iraq exported crude oil to America during the first week of August at a rate of 181 thousand barrels per day, while an average of 163 thousand barrels per day was issued in the second week, and an average of 225 thousand barrels per day was issued in the third week," noting that "the fourth week's exports It reached 401,000 barrels per day.

The US Energy Information Administration stated that "Iraq ranked fourth in its exports to America during the past month, after Canada, Mexico, and Saudi Arabia, and the second Arab country after Saudi Arabia, whose exports to America reached 9 million, 548,000 barrels per day," indicating that "Canada It ranked first as the most oil-exporting country to America, followed by Mexico."  https://kirkuktv.net/AR/Details/8651

Parliamentary Finance Warns Of The Danger Of Continuous Obstruction Of Approving The Budget

Economie   22:55 - 09-03-2022  Today, Saturday, the Parliamentary Finance Committee warned of the danger of the continuous delay in approving the federal budget for the current year, due to the current political crisis.

Committee member, Jamal Cougar, confirmed that “the failure to approve the 2022 budget will deprive twenty million Iraqi citizens of financial support.”

Cougar pointed out, "The absence of the budget will lead to the destruction of the mechanisms and military equipment of the Ministry of Defense, as well as electricity and other ministries that need annual funds for the purpose of maintenance."    https://kirkuktv.net/AR/Details/8642

Parliament: Provide allocations to the government if the budget approval is delayed

Posted On2022-09-04 By Sotaliraq  Dhi Qar counts the number of retirees for the purpose of including them in plots of land

Baghdad - Ibtihal Al-Arabi    Nasiriyah - Bassem Al-Rakabi   The Parliamentary Finance Committee confirmed the possibility of filling the government’s need from the necessary allocations in the event of a delay in approving the budget due to the political crisis in the country, while noting that the salaries of state employees will not be affected by the failure to form the government or pass the law.

Committee member Jamal Cougar explained in a statement yesterday that (there is no alternative to the budget, and that the government is in dire need of additional amounts other than the operational, it should propose to the Finance Committee its need to be transformed into a proposed law for Parliament), and indicated that (legislating any law needs First, to reactivate the House of Representatives and start its sessions. He went on to say that (the government can present a proposed law similar to the Food Security Law).

Disbursement Validity

In turn, the Center for Market Research and Consumer Protection, one of the formations of the University of Baghdad affiliated to the Ministry of Higher Education and Scientific Research, set the minimum standard for poor families' livelihood.

The director of the center, Mahmoud Abdullah Jassim, said in a statement that was followed by (Al-Zaman) yesterday that (the subsistence limit for poor families consisting of 4 members, including two children, is one million dinars per month, distributed between rent, daily expenses and other needs of these families), and added that (the amount of rent in In all cities, it ranges from 250 to 500 thousand dinars, while the remaining amount is for family expenses and expenses such as foodstuffs, vegetables and the provision of other means of living), stressing that (the amount spent by the social protection network for poor families covered by protection, is not enough for them).

Quick Boost

In Dhi Qar, the Governor, Muhammad Hadi Al-Ghazi, directed the governorate departments to send tables containing the names of retirees from 2003 to 2022, for the purpose of including them in a quick batch of distributing plots of land. The governor said in a statement received by (Al-Zaman) yesterday that (the governorate seeks to include citizens in distributing plots of land), pointing out that (the local administration is working to hand over all the people of the governorate, the plot of land being an entitlement and therefore every citizen will take his right to the distribution process).

On the other hand, the director of Nasiriyah Municipality announced the launch of a campaign to plant 50,000 seedlings in all public parks in the city center. Muhammad Akab said in a statement yesterday that (the Gardens Division is implementing a campaign to plant seedlings in public gardens, parks and central carrots), adding that (the goal of the campaign, It is to increase the green space within the city). On the other hand, the head of the Dhi Qar Investment Authority revealed the governorate's need for thousands of housing units to end the housing crisis.   LINK

Zidane During His Reception Of The Energy Support Team: The Need To Control The Water Scarcity

2022-09-04 | 05:08  153 views  Alsumaria News – Localities  The head of the Supreme Judicial Council, Faeq Zeidan, stressed today, Sunday, the need to control the issue of water and energy scarcity and to confront the phenomenon of desertification, with the judiciary's cooperation with the Energy Support Team.

The media office of the Chief Justice said, in a statement received by Alsumaria News, that "the latter received the head of the National Initiative  for Energy  Support and Reducing Emissions team, Jassem Al-Falahi, and the accompanying delegation, members of the team."

He added, "Zidane discussed with them aspects of judicial cooperation with the team in order to control the issue of water and  energy scarcity and confront desertification and climate change."

He continued, "The President of the Supreme Judicial Council  expressed his support for the team's work and directed the courts to cooperate with the competent detachments to take legal measures against those who violate the team's instructions and directives."   LINK

A Government Advisor Announces Iraq's Success In Curbing Financial Waste And Combating Money Laundering

Economie   11:37 - 09-04-2022    On Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed Iraq's success in curbing financial waste and combating money laundering by building effective supervisory bodies.

Mazhar Muhammad said, "Iraq is currently on the white list of countries in the application of international standards in combating money laundering.

He added, "Iraq succeeded in curbing financial waste and combating money laundering by building experienced supervisory bodies that are committed to laws and regulations related to the financial and banking system," explaining that "the financial reform package and effective measures to pursue sources of funds, led to Iraq's restoration of international trust and confidence." financial and commercial transactions.

The Prime Minister's advisor indicated that "Iraq has waged a war on money laundering gangs and prosecuting transfers, deposits and concealment with high efficiency at home and abroad."

https://kirkuktv.net/AR/Details/8646

Al-Kazemi's advisor: Iraq is on the "white list" to combat money laundering crimes[/size]

Economie| 09:45 - 04/09/2022   Baghdad - Mawazine News, the financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, said, on Sunday, that Iraq is currently on the "white list" of countries in the application of international standards in combating money laundering.

Saleh said in a statement to the official "Al-Sabah" newspaper, which was followed by Mawazine News, that "Iraq succeeded in curbing financial waste and combating money laundering by building experienced supervisory bodies that are committed to laws and regulations related to the financial and banking system," explaining that "the package of financial reforms and effective measures to pursue Sources of funds, which led to Iraq restoring the confidence of the international community in it in financial transactions and commercial deals.

And he added, "Iraq has waged a war on money laundering gangs and prosecuting transfers, deposits and concealment with high efficiency at home and abroad," noting that "the Office of Combating Money Laundering, Crime Funds and Terrorism, which is a financially and administratively independent office that carries out information coordination work, is closer to the Financial Intelligence Unit." .

Saleh pointed out that "the office receives instructions and directions from the Supreme Council for Combating Money Laundering, Crime Funds and Terrorism, and includes in its membership representatives from ministries and agencies related to combating money laundering and financial crimes."  He pointed out that "

And the Prime Minister's advisor continued, "Iraq is a member of the International Labor Organization for the Middle East and North Africa," explaining that "that membership helped Iraq implement international standards in combating money laundering and its exit from the gray list and entry into the white list of countries that combat money laundering." Ended 29/N33   https://www.mawazin.net/Details.aspx?jimare=204418

Trade: The Arrival Of A Ship Loaded With 44,000 Tons Of Imported Rice To Account For The Food Basket

Economie| 09:31 - 04/09/2022   Baghdad - Mawazine News   The Ministry of Commerce announced, on Sunday, the arrival of the ship (maplegatemt) to the Al-Idla area, loaded with 44 thousand tons of Thai rice to calculate the food basket for the seventh meal and for strategic storage.

The Director of the General Company for Foodstuffs Trading, Lama Al-Moussawi, said, "The quality control staff working in the port and the team of the Commercial Control Department, upon the arrival of the ship, withdrew the prototypes to be sent to the company's central laboratory in Baghdad for the purpose of conducting a laboratory examination to indicate its suitability for human consumption and its conformity with contractual specifications before launching operations. processing it.”

Al-Moussawi added, according to a statement by the Ministry of Commerce received by Mawazine News, that "after the results of the laboratory examination appear, the company will unload it and prepare a marketing plan for the quantity and distribute it to the governorates according to the needs of each governorate for the purpose of preparing the material within the food basket items." Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=204416

Britain Urges Erbil And Baghdad To Resolve Their Differences Over Oil And Gas

Political | 04:00 - 03/09/2022   Baghdad - Mawazine News, British Finance Minister Nazim Al-Zahawi announced that his country urges Erbil and Baghdad to resolve their differences, because "improving relations between Erbil and Baghdad contributes to achieving stability and prosperity for all of Iraq."

Nazim al-Zahawi said, during a visit to Washington, that he urges the President of the Kurdistan Regional Government to insist on his steps, so that the regional government and the Iraqi government can work jointly to achieve stability and prosperity for all of Iraq.

He indicated that he also knows the Iraqi Prime Minister, Mustafa Al-Kazemi, and is "a great supporter of the success of relations between the Kurdistan Regional Government and the Iraqi government."

The British Minister of Finance noted that he knows the Prime Minister of the Kurdistan Region, Masrour Barzani as well, and he is insisting that the Kurdistan Region be able to export oil and gas to all the world at prevailing prices, stressing the importance of all parties working together to achieve stability in the oil sector.

The visit of the British finance minister to Washington came to discuss with his American counterpart and the finance ministers of the Group of Seven about ways to solve the energy crisis resulting from the war in Ukraine. Ended 29 / h    https://www.mawazin.net/Details.aspx?jimare=204352

Some "International News" Posted by Samson at KTFA 9-4-2022

KTFA:

Samson:  An economist predicts the emergence of a new global financial system

09/04/2022 12:07:43

The Russian economist, Anton Tabagh, said that the current system of monetary relations and trade settlements has been in crisis for a long time, but the recent geopolitical events may take another dimension and form.

The expert said in a press interview, "The current financial system has deteriorated for a long time. The stagnation in the volume of trade exchange and freedom of trade has worsened since 2012, and the financial system is collapsing due to the requirements of regulators and anti-money laundering, and more recently also because of sanctions. Taking into account the recent events that if it takes place outside the financial sphere, this process can take another complete form.”

The economist expressed confidence that the new system is in the process of taking shape.

“If you look at history, something similar happened already in the second half of the nineteenth century, when currency blocks and customs unions were created, restrictions and fees were imposed on transactions outside these blocks and unions. Now we are seeing this at a new stage and a new technological level,” he said.  LINK

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Samson:  “Moscow Is Awash With Money.” A French Press Report Reveals Russia's Oil And Gas Revenues

4th September, 2022

French journalist, Francois Lenglet, said that Russia earns 3,700 euros every second from selling oil and gas.

The journalist indicated, during his intervention on the "RTL" channel, that the sanctions did not have a negative impact on oil and gas revenues in Moscow, but rather increased their growth. He explained that after the imposition of sanctions due to the conflict in Ukraine, Russia's income from fuel exports increased by 40%. Thanks to Western sanctions, prices rose, sparking speculation in global markets.

The trading volume is a little smaller but at much higher prices, which means making a lot of money,” Lenglet said, adding that Russia is “literally awash with money.”

 He also noted that while Russia is making money from sanctions, Westerners need to save money and fight rising inflation. He said: “European countries have paid Russian President Vladimir Putin more than 86 billion euros since February 24. It's 3,700 euros every second."

The journalist concluded: “I have been speaking for a minute and a half, during this time more than 300,000 euros passed from Europe to Russia, and this does not count for other countries.

Earlier, Hungarian Foreign Minister Peter Szijjarto said that his country would not be able to provide gas for itself without supplies of Russian blue fuel. He explained that buying gas from Russia is not a sign of political support, but rather "the reality of the region."  LINK

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Samson:  Iran announces the discovery of copper reserves of one billion tons

4th September, 2022The Executive Director of the National Iranian Company for Copper Industries, Ali Rostami, announced on Sunday the discovery of copper reserves estimated at one billion tons in the northwestern region of East Azerbaijan.

Rostami said, in a statement reported by "Fares" and seen by "The Information", that by carrying out drilling operations that reached more than 28 thousand meters in the "Songun" copper mine in East Azerbaijan, new reserves of copper were reached, rising from 4 billion to more than 5 billion. billions of tons.

He added that the economic value of the newly discovered reserves amounts to more than 50 billion dollars, and that efforts are being made to start the National Copper Company for development projects in this area quickly.

Rostami noted that with the new discovery, the proportion of reserves at the Songun mine increased by more than 25 percent, considering that the enhancement of resources by one billion tons is rare and huge, although it is estimated that the discovered reserves are more than one billion tons.  LINK

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Samson:  The National Bank of Cambodia issues a commemorative note

4th September, 2022

The National Bank of Cambodia put into circulation a commemorative banknote of 30,000 riyals.

Where the National Bank of Cambodia informed the Central Bank of Iraq that it was officially put into circulation, along with the current official banknotes, a commemorative banknote of 30,000 riyals on 10/18/2022. LINK

Samson:  The UAE is moving to invest in a tourist area in the Kurdistan Region

4th September, 2022

The Emirati Consul General in Erbil, Ahmed Al Dhaheri, visited the administration of the independent "Soran" region and met with local officials in it to get a closer look at the possibility of investing in the tourism sector in this region, which includes many tourist places and picturesque nature in the Kurdistan Region of Iraq.

The supervisor of the administration of the region, Halgurd Sheikh Najib, said in a joint press conference held with the consul, that Soran is a large tourist area, indicating that this is the first visit by the consul to the region, in which we talked about the goals of establishing the independent administration in Soran.

And he added, "In the presence of local officials, we had an extensive dialogue with the consul about the projects and programs of the Soran region," stressing that the Soran administration and the regional government are making efforts to pay more attention to the tourism sector in Soran, and to provide all facilities to investors who wish to work in this sector, especially the UAE, which it has a great program in this field. 

In turn, the Emirati consul said during the conference, "Today we worked to find a formula of understanding with the supervisor of the Soran region administration to develop an investment map so that we can work together in the future," adding that the UAE is interested in investing in the Kurdistan Region.

The administration of the region, which is located north of Erbil Governorate, includes four districts, which are: Khalifan district, Saidkan district, Diana district, Sarshmeh district, and about 346 villages. East Mount Hendren.  LINK

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Samson:  15 years imprisonment for an employee in Al-Rafidain for embezzling bank funds

09/04/2022 09:20:05

The Rusafa Criminal Court, which is competent to look into integrity issues, issued a fifteen-year prison sentence against (an employee of Al-Rafidain Bank) for committing a money laundering crime “to embezzle the bank’s money.”

The media center of the Supreme Judicial Council stated in a statement that {Euphrates News} received a copy of it, that "the court issued a decision to confiscate two properties belonging to the criminal and return them to the Rafidain Bank." 

He added that "the verdict against the criminal comes in accordance with the provisions of Article 36 of the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015".  LINK

"Tidbits From TNT" Sunday 9-4-2022

TNT:

Tishwash:  Adviser: Iraq succeeds in curbing financial waste and combating money laundering

Financial Adviser to Prime Minister Mazhar Muhammad Salih confirmed, on Sunday, Iraq's success in curbing financial waste and combating money laundering by building effective supervisory bodies.

Saleh said in a statement to the official newspaper, which he followed, that "Iraq is currently on the white list of countries in the application of international standards in combating money laundering."

 He added that "Iraq succeeded in curbing financial waste and combating money laundering by building experienced supervisory bodies that are committed to laws and regulations related to the financial and banking system," explaining that "the package of financial reforms and effective measures to pursue sources of funds, led to the restoration of Iraq's international financial confidence in its confidence in the international community." and commercial deals.

The Prime Minister's advisor indicated that "Iraq has waged a war on money laundering gangs and prosecuting transfers, deposits and concealment with high efficiency at home and abroad." link

CandyKisses:  What awaits the Iraqi markets in the coming period? .. Economists warn

Economists expect a major recession and stagflation in the Iraqi markets during the coming period, in light of the continuing political crisis and the lack of approval of the country's financial budget.

The economic expert, Basem Antoine, says that "the delay in approving the budget until the present time, without omens for the date of its issuance, indicates a recession and inflationary stagnation in the Iraqi markets."

And Antoine added, to Shafaq News Agency, "As for new investment projects, there is no hope for them, because Law No. 6 of 2019 for Financial Management does not allow spending for the following year on investments and creating job opportunities, so there will be a major depression if this problem is not addressed seriously and continuously."

Economic analysts rule out the application of comprehensive economic reform in Iraq during the next short period at the very least. "Economic reform needs a clear vision that must differ greatly from the vision set by the former Minister of Finance, Ali Allawi. And returning to its recent history, and it should also be based on dealing with businessmen from a financial perspective, and not from a partisan and sectarian perspective,” according to the economist, Hammam al-Shama’.

In his interview with Shafak News Agency, Al-Shamaa indicates that "the next government - if it is formed - will be similar to its predecessors, it cannot reduce corruption even by 10-20 percent, as financial corruption has become available to everyone, so I do not expect much from the next government, the situation will continue as it is."

And he continues, "But do not forget that there is a financial abundance, and this abundance goes to the corrupt and moves the speculative sectors (the auto sector, the real estate sector, the remittance sector through the currency buying and selling window in the Central Bank), and these transfers reached during the last month one billion and 300 million dollars. , which is a huge amount, and it has reached this level from about 100 to 120 million dollars per day, and now at a rate of 250 million dollars per day, that is, remittances have doubled.”

"Real estate prices have also risen, and these are indicators of corruption that has increased in depth, size and quality, after the passage of the Emergency Food Security Support Law, which is not subject to financial accounting controls, so I expect the situation to get worse because the poor distribution of wealth is causing the poor financial conditions of the Iraqi people," says Al-Shamaa. 

As for the economic expert, Abdul-Hassan Al-Shammari, he believes that “Iraqi markets differ from the markets of other countries, as they take the political curve and consider it a major aspect, and when politicians differ among themselves, it reflects negatively on the Iraqi markets, and the circumstance that Iraq is currently going through makes the markets conflicting, between the day and another, prices rise and fall according to political news, and two days ago, the prices of materials rose from 75 - 100 percent, and yesterday they fell 100 percent."

Al-Shammari points out, in his speech to Shafaq News Agency, that "the problem lies with the Iraqi merchants, as the merchant is the cause of the calamity in Iraq, because he takes advantage of these opportunities in order to develop his materials and criticize, and this is a big mistake committed by the merchant, while we see that in other countries companies reduce companies." Owners of shops and markets own their materials by no less than 20 percent.

 The economic expert concludes by saying that "the Iraqi markets are on the verge of white and black days, according to the political conditions that drive them, and if the Ministry of Commerce intervened in the markets, and the central markets and other public companies operating in Iraq remained, we would not have reached this situation, which is getting worse, because The absence of a real policy and economic vision in Iraq, as well as its volatility and instability, which negatively affected prices in the Iraqi markets.

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CandyKisses:  Iraq in uncharted territory: What if Al-Kazemi actually resigned?

The English newspaper "The National" considered that Iraq faces the possibility of more violence between the competing factions in light of the uncertainty surrounding the country's political future, especially if the outgoing Prime Minister Mustafa Al-Kazemi implements his threat to step down. 

After referring to the atmosphere of conflict that has existed since the October 2021 elections, the clashes that took place last week and caused 30 deaths, and the Sadrist leader Muqtada al-Sadr's dissatisfaction with his inability to form a government, the report translated by Shafak News Agency was transmitted; Omar Al-Nadawi, an analyst at the NGO "Empowering Peace in Iraq," said that the situation was "unpredictable." 

Al-Nadawi added that "the possibility of a new escalation is still high, because Mr. Al-Sadr is still troubled and it is clear that he is far from retiring from politics," noting that Al-Sadr "does not seem to have a vision of a feasible way out of this impasse."

The report considered that the turning point in the impasse could be Al-Kazemi stepping down from his position, a possibility that had indicated the possibility of it occurring in the event of violence erupting again. The report quoted Iraqi political analyst Sajjad Jiyad as saying that it is possible that if the violence escalates, Al-Kazemi may feel that there is a lot of pressure, and he will resign,” adding that if Al-Kazemi did so, “the scene in which Parliament has to elect may be avoided.” The new president and government.

Jiyad pointed out that the current president, Barham Salih, who is also holding his position temporarily after parliament failed to elect a new president, may nominate a new prime minister so that Iraq will have a caretaker and interim government.

According to Al-Nadawi, a possible resignation from Al-Kazemi will impose new pressures on Al-Sadr, explaining that in the event of his resignation, the coordination framework and the Patriotic Union of Kurdistan will make the situation largely in their favour.  

The report pointed out that in the event of Al-Kazemi’s resignation, the constitution stipulates that Barham Salih must take over the duties of the Prime Minister and then appoint a candidate for this position within 15 days.  But according to Al-Nadawi, in light of the existing difficult impasse and the possibility of not reaching a political agreement, Barham Salih may remain in the position of Prime Minister for an indefinite period, and the coordination framework and the Patriotic Union of Kurdistan will not have a great incentive to make concessions to meet the conditions of al-Sadr, He added that ignoring al-Sadr on the part of the coordination framework, "will undoubtedly provoke a great reaction from al-Sadr."

After referring to the lawsuit filed with the Supreme Court for the dissolution of Parliament, which is supposed to make its decision on September 7, the report quoted Jiyad as saying, "Constitutionally, we are in uncharted territory as to who has the power to move things forward...the court does not have the capacity to dissolve." Parliament, but only Parliament can dissolve itself."

Mot:  .. Many Forms it is fer Sure! ~~~~

Mot:  ... Its September! - Soooo That Means ~~~~

Saturday Evening Iraq Economic News Highlights 9-3-22

Saturday Evening Iraq Economic News Highlights 9-3-22

Iraq's Debts Are More Than $100 Billion..Does High Oil Prices Contribute To Paying Them?

The economic advisor to the Iraqi government divided the country's debt into internal debts of $50 billion, external payable of $20 billion, and almost non-existent foreign debt of $40 billion, in addition to long-term concessional foreign debt of about $6 billion.

The rise in Iraq's debt is offset by a rise in oil prices, the only financial resource for the state (Al Jazeera Net)

Ali Karim go  3/9/2022|Last update: 3/9/202201:20 PM (Mecca)  BAGHDAD - More than 95% of Iraq depends on crude oil exports to build the general budget annually, while the agriculture, industry, tourism and other sectors constitute only about 5% of the annual finance.

And last July, Iraq exported about 100 million barrels from oil fields in the center and south of the country, while the exports of Kirkuk fields (north) through the Turkish port of Ceyhan amounted to about two million and 350 barrels.

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The total oil export revenues in the same month were more than 10 billion dollars, at a rate of 3 million 303 thousand barrels per day, at a rate of 103.60 dollars per barrel.

Iraq's debts are more than $100 billion..Does high oil prices contribute to paying them? 004-3Saleh divided Iraq's debts into internal, external and very easy long-term (Al-Jazeera Net)

The Size Of The Indebtedness

According to the economic advisor to the Iraqi government, Dr. Mazhar Muhammad Salih, Iraq's debts are divided into 3 types: internal, external, and long-term very concessional.

In an interview with Al-Jazeera Net, Saleh detailed these debts in numbers, saying that the internal public debt amounts to 50 billion dollars, and the Central Bank of Iraq still possesses 63% of the principal and interests of the debt, and the annual interest ranges between 2 and 3%, while the rest of the internal debt is still in the possession of Governmental commercial banks, which means that they are settlements within the government financial system exclusively in the form of treasury transfers for a period of one year, whose payment has been postponed until the annual interest on them has been paid from the annual allocations in the general budget.

He pointed out that the Council of Ministers approved, months ago, a gradual annual plan to pay off the internal public debt.

With regard to the external public debt, Saleh explains that it is divided into two parts. The first is an outstanding debt of $20 billion, which is currently repaid on a regular annual basis by the Ministry of Finance, and is expected to be repaid by the year 2028.

As for the second part of the foreign debt amounting to 40 billion dollars, it represents almost bad debts that were not claimed by the creditors under the terms of the Paris Club Agreement of 2004 regarding the cancellation of 80% of Iraq’s foreign debts before 1990, dating back to the era of the former regime.

According to Saleh, "The suspended external debt belongs to 8 countries, 4 of which are Gulf countries that loaned Iraq during its war with Iran, and it is considered in international norms as obnoxious or hateful debts because it financed the war and did not serve economic development, but it still appears in the accounts books of those countries, It is expected to be written off 100%, without specifying a time.”

As for the last part that the economic advisor talked about, it is very soft long-term debts related to financing development projects that were submitted after 2003 under the Madrid Donor Conference pledges in October 2003, and are due to be paid after more than 20 years, and are estimated at about $6 billion belonging to the Cooperation Agency. Japanese International Economic and some EU countries funds.

Iraq's debts are more than $100 billion..Does high oil prices contribute to paying them? 33Daadoush believes that the oil financial abundance contributes to the repayment of debts, but it is a mistake to rely on it (Al Jazeera Net)

Diversification Or Rentierism?

For his part, economic researcher Dr. Ali Dadush believes that oil revenues play an important role in reducing public debt if prices continue between 90 and 100 dollars per barrel in global markets, but he warned against the Iraqi government's dependence on them to pay off debts because prices are volatile.

Dadush told Al-Jazeera Net that the revitalization of the non-oil sectors will advance the Iraqi economy and help reduce its debt, explaining that imports of goods and services in this case will decrease and reflect positively on the economy in terms of reducing the exit of foreign currency, specifically the dollar, in addition to employment.

He pointed out that the process of economic diversification should be through investing the financial surpluses derived from oil and developing real economic sectors to generate added value by investing in the industrial sector for all locally manufactured goods and products and moving towards advanced capitalist agriculture based on modern machinery and equipment.

Payment Mechanism

In parallel, the expert in oil and energy affairs, Dr. Bilal Al-Khalifa, identifies the Iraqi government's use of the financial abundance of oil in matters other than paying debts.

The Caliph explained to Al Jazeera Net that part of the financial abundance in Iraq was used to buy US bonds, as its holdings of bonds rose last March by two billion and 117 million dollars, or 8.79%, to reach 26 billion dollars.

He added that Iraq increased its foreign exchange reserve balance to reach $72 billion, while it took a third step by exploiting the financial abundance to buy gold, and now owns 130 tons, ranking 30th globally and fourth in the Arab world.

He concludes that the government has not exploited the financial abundance to pay off debts, and insists on internal and external borrowing, and this is what was approved in the Emergency Food Security Law , which contained the borrowing clause.

Iraq's debts are more than $100 billion..Does high oil prices contribute to paying them? 55Zainab Al-Moussawi: Al-Kazemi's government did not present an economic program to pay off debts, but rather worked to raise it (Al-Jazeera Net)

Parliamentary Position

In turn, a member of the Iraqi parliament, Zainab Juma Al-Moussawi, said that the expired government - led by Prime Minister Mustafa Al-Kazemi - did not present an economic program to pay off debts, but rather worked to raise it through the emergency food security law.

Al-Moussawi adds to Al-Jazeera Net that the financial abundance of oil exports spares Iraq from borrowing, especially at the present time, which is witnessing a continuous rise in crude prices, which will rise with the approach of winter as a result of cutting Russian oil and gas supplies from the European Union.

Al-Moussawi concluded by calling on the next government to make optimal use of the financial abundance and to stay away from internal or external borrowing, revealing a parliamentary move in the event of his return soon to discuss the issue of Iraq's debts and ways to pay them.   LINK

Washington Warns Baghdad: We Face A Common Challenge That Requires Us To Work Together

Shafaq News / The US Ambassador to Baghdad, Elena Romanowski, spoke on Saturday about the climate crisis and its change in Iraq, pointing out that scorching temperatures, severe sandstorms and continuous drought have become prevalent conditions that negatively affect aspects of the daily lives of millions of Iraqis.

In her speech regarding the climate crisis in Iraq, Romanowski said that "the impact of human-caused greenhouse gas emissions is not limited to changing the landscape only, nor is it just a problem related to the future alone."

"Failure to take immediate action by governments around the world - including the Iraqi government - will accelerate these changes, which will turn entire areas within the region that was once called (the Fertile Crescent), uninhabitable for generations," she added. coming".

The US ambassador stated, "The United States is committed to taking meaningful action in the global response to climate change, as President (Biden) this month signed a historic legislative act that guarantees the largest investment ever to address the climate crisis, an investment of $369 billion." It would significantly improve energy efficiency and reduce greenhouse gas emissions.”

She pointed out that "the scope of this international commitment extends to helping the Iraqi government to address the climate change crisis," stressing that her country "has provided Iraq, through the United States Agency for International Development, with support that included funding and technical expertise, as well as the necessary systems to help it face future challenges."

And she indicated that the support included "improving Iraq's ability to manage the issue of water and helping to expand access to this vital resource for more than ten million Iraqis, as well as joining Iraqi business institutions, schools and local government institutions starting from Nineveh to Basra in an effort to increase public awareness about effects of climate change”.

"We have supported the Iraqi government to develop a five-year climate strategy aimed at improving communication with farmers about climate forecasts, reducing damage to crops and soil, as well as protecting Iraq's food supply from threats posed by increasingly unstable weather," Romanowski added.

The US ambassador expressed her pride in her country's efforts to "build bridges of communication between Iraqis and Americans, in order to draw inspiration from the experiences of the two countries, as they both face the challenges of climate change."

Two weeks ago, more than two dozen Iraqi officials returned after concluding a visit to locations across the United States, where they met with hydrologists and other experts and learned about how the United States is adapting to climate change.

And she added, "Fortunately, the Iraqi government has joined the global efforts aimed at reducing emissions and switching to renewable energy, as well as adopting smart climate practices," noting that "with the Iraqi government's accession to the (Paris Agreement) in 2021, it has thus set a goal Reducing emissions by (1) to (2)% as part of the first Nationally Determined Contribution (NDC).

Iraq, according to Romanowski, has joined the Global Methane Pledge, and while the United States is making these historic commitments, it is now essential for Iraq to begin taking the necessary measures to meet those commitments.

The US ambassador urged Iraq’s leaders to “take advantage of the United Nations Climate Change Conference (COP 27), to be held later this year in Sharm el-Sheikh, Egypt, to reconsider and enhance Iraq’s INDCs as well as investment decisively in the technological and investment field necessary to achieve the stated goals.

And she considered that "the issue of reducing emissions in Iraq may seem difficult, as the economic pressure to obtain the most carbon-free energy is a material reality, and perhaps in the Middle East more than anywhere else, but this goal remains within reach and the current conditions have advantages that are not yet available. It was previously unimaginable to some."    LINK

Iraq Surpasses Saudi Arabia In Its Oil Exports To America In A Week

Shafaq News/ The US Energy Information Administration announced, on Saturday, that Iraq's oil exports to America increased during the past week, exceeding Saudi Arabia.

The administration said in a report seen by Shafak News Agency, "The average US imports of crude oil during the past week from nine countries amounted to 5.121 million barrels per day, down by 234 thousand barrels per day from the previous week, which amounted to 5.356 million barrels per day."

She added that "Iraq's oil exports to America amounted to an average of 401,000 barrels per day last week, higher than the week before, in which oil exports to America reached an average of 225 thousand barrels per day, surpassing Saudi Arabia and becoming the third largest exporter to America last week."

She pointed out that "the most oil revenues for America during the past week came from Canada at a rate of 3.093 million barrels per day, followed by Mexico at a rate of 440,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 330,000 barrels per day, and then Colombia at a rate of 289,000 barrels per day."

According to the administration, "the amount of US imports of crude oil from Nigeria reached an average of 137,000 barrels per day, from Brazil at a rate of 134,000 barrels per day, and from Trinidad and Tobago at a rate of 67,000 barrels per day, while no amount was imported from Russia."   LINK

Most Notably The Countries Of The Middle East.. A Report Talks About Upcoming Unrest In More Than 100 Countries

2022.09.03       An analytical report issued on September 1, 2022, said that the “unprecedented” rise in food prices, coinciding with the climate crisis; He created the perfect atmosphere for civil unrest in more than 100 countries, the British Middle East Eye website reported.

The report, issued by the risk analysis firm Verisk Maplecroft, warns of increased political unrest over the next 12 months, with more than 80% of the world experiencing inflation above 6%, and the possibility of repressive measures being used to stifle dissent.

It is noteworthy that the countries of the Middle East and North Africa are more exposed to these risks than others, as three of the ten most threatened countries are located in this region, according to the report.

Egypt, Lebanon, and Tunisia were already in the midst of an economic and political crisis before the latest shock from the Russian attack on Ukraine in February of this year.    

The damage will not be equal

But Torbjorn Soltvedt, principal analyst at the company that wrote the report, told Middle East Eye that the damage would not be equal in the Middle East; He divided the area into three threatened categories.    

He claimed that "Lebanon, Turkey, and Iran are the most fragile countries, and are already located in a region of hyperinflation," adding that "Jordan, Tunisia, Algeria, Egypt, Iraq and Morocco are in the middle category, where high rates of unemployment and inflation increase the risk of civil unrest."

Saltvedt also pointed out that "only the Gulf Cooperation Council countries and Israel seem well-equipped to relieve the increasing social and economic pressure."    

In this context, the countries of the Gulf Cooperation Council, which depend on oil and gas exports as a major source of income, have benefited from the record rise in energy prices.    

Likewise, Israel, which enjoys a more diversified economy, has also benefited from higher energy prices, after significantly increasing its gas exports to Europe.

Use of force to quell protests

On the other hand, Soltvedt told Middle East Eye: "Governments that cannot get out of the crisis...repression by force will be their main way of responding to this growing unrest."

  But Saltvedt pointed out that the use of force to quell the escalating protests "risks exacerbating an existing crisis of legitimacy."

  "Many countries in the region share that they have not adopted effective mechanisms to channel popular discontent, at a time when dissatisfaction with the current economic and political situation is growing," he said.

  In turn, Hamish Kinnear, Middle East and North Africa analyst at the same company, pointed out that Tunisia, widely considered the epicenter of the Arab Spring, is "more vulnerable to the risks of civil unrest."

  "The political chaos in Tunisia is hampering efforts to secure economic assistance from international financial institutions such as the International Monetary Fund, although any deal with the IMF will likely require austerity measures that will exacerbate civil unrest," Kinnear said.

  Although Egypt is relatively more stable, it suffers from similar economic problems, Kinnear said, adding that Egyptian President Abdel Fattah al-Sisi could also "mobilize external financial support faster, especially from friendly Gulf states."

  On the other hand, Kinnear pointed out that despite the continued rise in food and energy prices in the region, it increases the chances of political unrest. Uncontrollable range.  https://www.nasnews.com/view.php?cat=93158

Saturday Afternoon Iraq Parliament News Highlights 9-3-22

Saturday Afternoon Iraq Parliament News Highlights 9-3-22

"Reuters" Reveals The Details Of Al-Sistani's Message To Al-Sadr And How He Stopped The Al-Khadra Clashes

Policy   2022-09-03 | 04:19   Source:  Reuters  27,872 views  Alsumaria news – translation A report by Reuters news agency described today, Saturday, the supreme religious authority, Ali al-Sistani, as "the most powerful man" in Iraq.  Reuters published its report entitled: "How a 92-year-old cleric stopped Iraq's slide back into war."

When a statement by a religious scholar in Iran pushed Iraq to the brink of civil war last week, there was only one man who could stop it: a 92-year-old Iraqi Shiite cleric who once again proved to be the most powerful man in his country. "

He added, "Grand Ayatollah Ali al-Sistani did not say anything publicly about the unrest that erupted in the streets of Iraq. But government officials say that only Mr. Sistani's behind-the-scenes stance stopped the collapse."

And the report stated, "Reuters spoke with nearly 20 officials from the Iraqi government, the Sadrist movement, and Shiite factions, most of whom spoke on the condition of anonymity, and all interviews indicated a decisive behind-the-scenes intervention by Mr. Sistani, who has never held an official political position in Iraq." .

An Iraqi government official told Reuters: "Mr. Sistani sent a message to Muqtada al-Sadr that if he did not stop the violence, Sistani would be forced to issue a statement calling for an end to the fighting."

Three Shiite figures based in Najaf and close to Sistani did not confirm that Sistani's office sent an explicit message to Sadr, but they said it was clear to Sadr that Sistani would speak soon unless Sadr stopped the unrest," according to a Reuters report.

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.

Also on Monday (August 29, 2022), 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 on Monday.

On Tuesday afternoon (August 30, 2022), the leader of the Sadrist movement, Muqtada al-Sadr, directed the withdrawal of the Sadrist movement from Parliament within one hour, after casualties and injuries.   LINK

"To Achieve Reform" .. Al-Hakim Renews His Call For The Adoption Of Dialogue And An End To The Political Crisis

Policy   2022-09-03 | 05:48   0 views   Alsumaria News – Politics The head of the Wisdom Movement, Ammar al-Hakim, stressed today, Saturday, the need to end the current political crisis by resorting to the constitution, law and legitimate state institutions, while renewing his call to adopt dialogue as a way to achieve the desired reform and change.

Al-Hakim's office said in a statement received by Alsumaria News, "The latter received the Japanese ambassador in Baghdad, Kotaro Suzuki," stressing "the importance of benefiting from the Japanese experience in reconstruction and construction and achieving sustainable development, wishing him success in his new duties after the completion of his work in Baghdad and a price The diplomatic role he played in Iraq.

He added: "We showed the good reputation enjoyed by Japanese companies, as we called for investing this in pioneering projects in Iraq," noting that "there are similarities in the political and social conditions experienced by the two countries."

Al-Hakim stressed, "the need to end the current political crisis by resorting to the constitution, the law, and the legitimate state institutions," stressing that "Iraq cannot be reduced to a political, sectarian or national point of view, as everyone's interest lies in the participation of everyone in decision-making."

According to the statement, Al-Hakim renewed his call to "adopt dialogue as a way to achieve the desired reform and change."   LINK

Al-Hakim: Iraqi Political Decision-Making Lies With The Participation Of All

Political | 12:51 - 03/09/2022   Baghdad - Mawazine News, head of the Wisdom Movement, Ammar al-Hakim, affirmed that Iraq cannot be reduced to a political, sectarian or national viewpoint, as everyone's interest lies in the participation of everyone in decision-making.

Al-Hakim's office said in a statement, "Mawazine News" received a copy of it, "We reiterated, during our meeting with the Japanese ambassador in Baghdad, Kotaro Suzuki, the importance of benefiting from the Japanese experience in reconstruction and construction and achieving sustainable development, and we also wished him success in his new duties after the completion of his work in Baghdad.

We valued the diplomatic role he played in Iraq, and demonstrated the good reputation enjoyed by Japanese companies, as we called for investing this in pioneering projects in Iraq, and pointed out the similarity of the circumstances that the two countries experienced in political and social terms.

He added, "We explained the political changes in Iraq and the need to end the current political crisis by resorting to the constitution, the law, and the legitimate state institutions, and we stressed that Iraq cannot be reduced to a political, sectarian or national view, because everyone's interest lies in the participation of everyone in decision-making, and we renewed our call to adopt dialogue as a way to achieve reform." And the desired change.”    https://www.mawazin.net/Details.aspx?jimare=204335

The House Of An Iraqi Government Official Was Attacked By An Armed Man For Exposing “Large Corruption Files”

Posted On2022-09-03 By Sotaliraq    On Friday, the Minister of Industry and Minerals, Manhal Aziz Al-Khabbaz, denounced the armed “attack” that targeted the house of the Undersecretary for Planning Affairs, Youssef Muhammad Jassim, by unknown persons, against the background of “exposing large corruption files.”

In a statement, the minister said, "Such attacks and threats will not discourage the ministry from moving forward in implementing reform plans and addressing deficiencies in order to correct the course of work in the ministry and its affiliated formations in a manner that ensures the sustainability of the industrial process in the country."    This statement did not mention any other details.   LINK

Al-Hakim: Iraq Is Not Reduced To A Specific Point Of View, And Our Conditions With Japan Are Similar

Shafaq News/ The leader of the Wisdom Movement, Ammar al-Hakim, revealed today, Saturday, that Iraq cannot be "reduced" to a political, sectarian or national point of view, while pointing out that the conditions of Iraq and Japan are similar in political and social terms.

The Wisdom Movement said in a statement received by Shafaq News Agency, "The head of the National Wisdom Movement, Ammar al-Hakim, reiterated, during his meeting with the Japanese ambassador in Baghdad, Kotaro Suzuki, the importance of benefiting from the Japanese experience in reconstruction and construction and achieving sustainable development." He also wished the ambassador success in his new duties. After the end of his work in Baghdad," he praised "the diplomatic role he played in Iraq."

Al-Hakim pointed to "the good reputation enjoyed by Japanese companies," calling for "investing this in pioneering projects in Iraq."

The leader of the Wisdom Movement pointed out that "the political and social conditions that the two countries have experienced are similar."

According to the statement, Al-Hakim explained "the nature of political changes in Iraq and the need to end the current political crisis by appealing to the constitution, law and legitimate state institutions," stressing that "Iraq cannot be reduced to a political, sectarian or national view, as everyone's interest lies in the participation of everyone in decision-making."

The leader of the Wisdom Movement renewed his "call for the adoption of dialogue as a way to achieve the desired reform and change."

Iraq is experiencing a "political blockage" after the crisis that reached in its final stages to mutual sit-ins between supporters of the Sadrist movement and the coordination framework, and armed confrontations that erupted on August 29-30, followed by the withdrawal of the Sadrist movement's leader Muqtada al-Sadr from the Green Zone and the official end of their sit-in, with Calls were issued by local and international bodies for restraint and a return to calm and dialogue between the political parties.    LINK

A Source Close To Al-Sistani's Office Denies Issuing Any Position Regarding The Events Of Al-Khadra

Shafaq News/ A source close to the Office of the Supreme Religious Reference in Najaf warned today, Friday, against circulating video clips and texts issued in earlier times with the aim of linking them to the current events that took place in the Green Zone and a number of southern provinces.

This comes in conjunction with the circulation of pages and accounts on social media, excerpted from the Friday sermon delivered by the representative of the Supreme Religious Authority, Ahmed Al-Safi, and it dates back to 2019.

The source told Shafak News Agency; "No statement or text was issued regarding the Green Zone crisis, which ended two days ago, after a speech by the leader of the Sadrist movement."

The source called on the media and bloggers on social networking sites to be careful and careful in transmitting the texts attributed to the reference that dates back to previous years due to the sensitivity of the stage.  LINK

In Order Not To Provoke Al-Sadr.. Coordination Decides Not To Raise The Issue Of The Return Of Parliament

politicsbreakingMuqtada al-SadrIraqi parliamentShiite coordination frameworkgovernment formation

2022-09-03 05:22   Shafaq News/ An informed source in the coordination framework, which brings together Shiite political forces, revealed today, Saturday, that the leaders of the framework agreed to postpone raising the issue of the parliament's return until after the end of the fortieth visit.

The source told Shafaq News Agency, "The leaders of the coordination framework agreed, during a meeting of them, which was held, during the past hours, at the house of the leader of the State of Law coalition, Nuri al-Maliki, to postpone raising the issue of the parliament's return until after the end of the fortieth visit of Imam Hussein."

And he indicated that "this agreement came in order not to provoke the leader of the Sadrist movement, Muqtada al-Sadr and his supporters, who could take to the street again to thwart any parliament session intended to proceed with the process of forming the new government, and for this this issue was postponed in order not to escalate with the Sadrists."

For his part, the representative of the State of Law coalition, Hussein Mardan, said in a press statement that the next parliament session will be postponed until after the fortieth anniversary of Imam Hussein, stressing that dialogues with other blocs regarding the formation of the government are continuing.

He added that contacts are now underway with the Kurdish blocs for the purpose of speeding up the nomination of the President of the Republic, pointing to the coordination framework's adherence to the nomination of the Sudanese prime minister.

The Coordination Framework Forces Alliance held a meeting last night at the home of the head of the State of Law coalition, Nuri al-Maliki, to discuss the course of developments in political and security events.

Tensions escalated sharply on Monday, August 29, when Sadr loyalists stormed the government palace inside the fortified Green Zone after their leader announced his "retirement" from politics.

But Sadr's supporters left the Green Zone on the afternoon of Tuesday, August 30, 2022, after he personally asked them to withdraw within an hour, reflecting his great influence on his followers and which earned him his reputation as a ruler.   LINK

Reuters: Al-Sistani Sent A Letter To Al-Sadr Calling On Him To Stop The Violence, Otherwise He Will Be Forced To Issue A Statement To Stop The Fighting

By Moahmad Editor Iraq news    Today, Saturday, a Reuters news agency report described the supreme religious authority, Ali al-Sistani, as the "strongest man" in Iraq.

Reuters published its report entitled: "How a 92-year-old cleric stopped Iraq's slide back into war."

When a statement by a religious scholar in Iran pushed Iraq to the brink of civil war last week, there was only one man who could stop it: a 92-year-old Iraqi Shiite cleric who once again proved to be the most powerful man in his country. “.

He added, “Grand Ayatollah Ali al-Sistani has not said anything publicly about the unrest that has erupted in the streets of Iraq. But government officials say it was only Mr. Sistani's behind-the-scenes stance that stopped the collapse.

And the report stated, "Reuters spoke with nearly 20 officials from the Iraqi government, the Sadrist movement, and Shiite factions, most of whom spoke on the condition of anonymity, and all interviews indicated a decisive behind-the-scenes intervention by Mr. Sistani, who has never held an official political position in Iraq." .

An Iraqi government official told Reuters: "Mr. Sistani sent a message to Muqtada al-Sadr that if he did not stop the violence, Sistani would be forced to issue a statement calling for an end to the fighting."

Three Shiite figures based in Najaf and close to Al-Sistani did not confirm that Al-Sistani’s office sent an explicit message to Al-Sadr, but they said it was clear to Al-Sadr that Al-Sistani would speak soon unless Al-Sadr stopped the unrest,” according to a Reuters report.

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.

Also on Monday (August 29, 2022), 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 on Monday.

On Tuesday afternoon (August 30, 2022), the leader of the Sadrist movement, Muqtada al-Sadr, directed the withdrawal of the Sadrist movement from Parliament within one hour, after casualties and injuries.

https://altahreernews.com/38516/

Iraqi News Saturday Evening 9-3-22

Iraqi News Saturday Evening 9-3-22

Tlm724 Administrator Bondlady’s Corner

Companies Call On The United States And Other Countries To Enter The “Oil” Crisis Line Between Baghdad And Erbil

Posted On2022-09-03 By Sotaliraq   Today, Friday, an economic report revealed that oil companies operating in the Kurdistan Region requested assistance from Washington to defuse the crisis between Baghdad and Erbil regarding their work and the flow of oil to Turkey. In the region, I contacted four governments in this regard.

"The oil companies operating in the Kurdistan Region have asked the United States to help defuse the growing tension between the federal government and the regional government," Reuters news agency said.

Reuters based its report on "a message I have seen, and three sources, who say that this US intervention is necessary in order to ensure the continued flow of oil through northern Iraq to Turkey to prevent the latter from increasing oil shipments from Iran and Russia."

According to this message and sources, "the economy of the Kurdistan Region may be at risk of collapse if it loses its revenues from oil sales."

The Reuters report stated that "relations were strained last February when the Federal Court considered that the oil and gas law related to regulating the oil industry in Kurdistan is unconstitutional," noting that "after the ruling was issued, the federal government strengthened its efforts with the aim of controlling export revenues from Erbil.”

According to a copy of the letter seen by Reuters, "Before the ruling was issued, the Dallas-based company (HKN Energy) wrote to the US ambassadors in Baghdad and Ankara, specifically last January, asking for mediation. The United States is in a separate case dating back to 2014 related to the Iraqi-Turkish pipeline (ITP).

The report stated that "Baghdad "claims that Turkey violated the ITP agreement by allowing the transit of Kurdistan Regional Government exports, which Baghdad considers illegal, through the pipeline to the Turkish port of Ceyhan."

The report indicated that "the Iraqi Oil Ministry said that the last session to consider the case was held in Paris last July, and that the International Chamber of Commerce will announce its final decision in the coming months."

"Reuters" quoted three sources as saying that "the possible next steps on the part of Turkey are still not clear if the verdict is issued in favor of Baghdad, which is a likely possibility."

The agency quoted a representative of the company, who asked not to be identified, as saying that “at least one other oil company has moved continuously with higher authorities in four governments concerned, directly and indirectly, in order to encourage participation.”

Reuters pointed out that "other operators in the Kurdistan Region, "General Energy" and "Chevron" refused to comment on the arbitration case, while "DNO" and "Gulf Keystone" did not respond to requests from Reuters for comment.

Oil Drums Are In Danger

According to the message obtained by "Reuters" and addressed by "HKN" to the ambassadors of the United States, "stopping the flow of oil through (ITP) will lead to the collapse of the economy of the Kurdistan Region of Iraq."

Neither the Ministry of Natural Resources in the Kurdistan Regional Government nor the Ministry of Oil in Baghdad have commented on requests from "Reuters" to comment on the news.

The report pointed out that “(ITP) has a pumping capacity of 900,000 barrels per day of crude, which represents about 1% of the daily global demand for oil, through the state marketing company (SOMO) as well as the regional government. Currently, 500,000 barrels per day are being pumped from the northern Iraqi fields.

According to analysts, "the companies will withdraw from the region unless the work environment improves."

"With the deteriorating security situation, a group of small and medium-sized companies have moved in order to achieve US involvement to help deter attacks targeting energy infrastructure and enhance security in general," the report stated.

The report, quoting sources concerned with the case, stated, “These companies also endorsed letters written by members of the US Congress to Secretary of State Anthony Blinken in August, urging them to engage in high-level engagement with Erbil and Baghdad with the aim of protecting the stability of the Kurdistan Region’s economy and ensuring Iraq is free from interference. Iranian".

Faded American Interest

The report quoted US State Department spokesman Ned Price as saying on August 16, that "the differences between Baghdad and Erbil concern them, but the United States encourages dialogue."

The report pointed out that "the US State Department summoned the American law firm (Elkins & Vision), which represents the Iraqi Ministry of Oil, in order to review the data on the dispute over (ITP) in July."

The report continued, quoting an informed source as saying that "it is likely that two more sessions will be held in Baghdad and Washington."

While the US State Department declined to comment, industry experts said they "believe that US intervention is not likely and may not help anyway."

The report quoted Raad Al-Qadri, Managing Director of Energy, Climate and Sustainability in the "Eurasia Group", as saying that "the United States separated from Iraq during the past decade, and that pressure from Washington or other governments, will not resolve the issues between Baghdad and the Kurds."

A Kurdish official told Reuters last August that "the regional government has asked the United States to strengthen its defense capabilities," but he indicated that he was "not optimistic because the most important priority for the United States is to revive the nuclear agreement with Iran."   link

The Central Bank Determines The Functions Of The Window For Selling Hard Currency And Its Importance To The Iraqi Economy

Saturday, 3 September 2022 10:02 AM   Baghdad/National News Center  Today, Saturday, the Central Bank identified the functions of the hard currency sale window and its importance to the Iraqi economy.

The Deputy Governor of the Central Bank, Ihsan Al-Yasiri, said in a statement received by the National News Center, that "the window for selling currency was found to meet the needs of the private sector to finance foreign trade, but some view it as a unilateral view, as if the state's resources of foreign currency are supposed to be untouchable, and this may be The desire or wish of the people, but there are functions for the window for selling foreign currency.”

He added that “the window performs two very important functions, the first is to provide dollars to the economic sector and importers, because the importer cannot buy dollars from another place except from banks or the central bank, so the central bank transfers the dollars that the merchant needs to the bank to deal with the entity that exports the commodity to Iraq,”

stressing that “this job is important because the real sector in Iraq cannot meet all the requirements of the Iraqi economy and consumer, so it is still highly dependent on imports.”

Al-Yasiri added that “the second function of the currency sale window is that the central bank’s function in managing and issuing the Iraqi currency is based on providing the Iraqi dinar to the government, which is the first consumer, and in turn it sells the dollar to the central bank,” noting that “the central bank delivers the dinar For the government to spend it on salaries, operational issues and contractors, through banks.”

He stressed that “when the dinar comes out of the central bank, it is called idiomatically (the exporter of circulation) because the dinar exited from the coffers of the central bank and went to the banking system and then to the private sector,” noting that “in the event that the dollar is not sold from the central bank, inflation will be at high levels.” .

Al-Yasiri added that “the banks are the source of circulation and have 83 trillion dinars, and these amounts compete for goods and services at certain prices,” noting that “in the event that the central bank does not sell the dollar, the citizen has to deposit the dinar in the banks, which in turn deposit it in the central bank.”

He pointed out that “the Ministry of Finance is selling the dollar to the central bank in order to obtain the dinar for the purposes of salaries and other uses, which are estimated monthly at 7 to 8 trillion dinars,”

noting that “the central bank, in the event that the dinar does not reach the dinar from the parties that buy the dollar, it must print the dinar.” And therefore, every month, it is necessary to add to the source for circulation in the range of 7 to 8 trillion dinars.”

And he continued, "In this case, the source for circulation will become annually, increasing by 70 to 80 to 90 trillion Iraqi dinars, and therefore it is possible for the source for circulation within 5 years to reach 300 or 400 trillion Iraqi dinars," stressing that "every monetary issuance of this level without being There is control or recovery of it, sterilization of the market or sterilization of the source for circulation,

meaning there will be large quantities and amounts of dinars competing for limited levels of goods and services, and thus inflation will reach unacceptable levels, as happened to Germany after World War II when a person goes to buy bread or bread on it. To fill the basket with money and go to the bakery.”

He pointed out that “the function of the currency sale window must continue to meet the import and to provide the Iraqi dinar so that the process continues with the dinar going out to the market and sterilized by returning it to the coffers of the Central Bank and the source decreases for circulation, and thus the pace of the source’s escalation of circulation is now simple, possible in the month or year to rise A certain rise, but not every batch of sums goes out to the source for circulation.”

Al-Shammari stated, “there is no discrimination between banks through the currency sale window,” stressing that “the central bank, by its law, sells the dollar simply and without conditions.”

And he indicated that “the infallibility or transcendence in the central banks is the national currency and not the foreign currency, so when the national currency comes and examines its sources, it is the right of any citizen who carries the Iraqi dinar to convert it to the dollar,” noting that “the central bank has established controls and not determinants of examination for the safety of the customer and the principle of know your customer with respect to to the banks and the sources of his money commensurate with his income.” https://nnciraq.com/150193/

US Energy: Iraq Is The Third Largest Oil Exporter To The United States Last Week

Saturday 03, September 2022 09:23 | Economic Number of readings: 213  Baghdad / NINA / - The US Energy Information Administration announced today, Saturday, that Iraq's oil exports to America increased during the past week, exceeding Saudi Arabia.

The administration said in a report, "The average US imports of crude oil during the past week from nine countries amounted to 5.121 million barrels per day, down by 234 thousand barrels per day from the previous week, which amounted to 5.356 million barrels per day."

She added, "The rate of Iraq's oil exports to America amounted to 401 thousand barrels per day last week, up from the previous week, in which oil exports to America reached 225 thousand barrels per day, surpassing Saudi Arabia and becoming the third largest exporter to America last week."

She pointed out that "most of America's oil revenues during the past week came from Canada at a rate of 3.093 million barrels per day, followed by Mexico at a rate of 440,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 330,000 barrels per day, and then Colombia at a rate of 289,000 barrels per day."

According to the administration, "the amount of US imports of crude oil from Nigeria amounted to 137,000 barrels per day, from Brazil 134,000 barrels per day, and from Trinidad and Tobago 67,000 barrels per day, while no amount was imported from Russia." / https://ninanews.com/Website/News/Details?key=997932

Ihsan Al-Shammari: The International Community Will Not Allow Things To Go Wrong In Iraq.. And Internationalization Is Possible / Expanded

Saturday 03, September 2022 10:30 | political Number of readings: 359  Baghdad / NINA / - Head of the Center for Political Thinking, Ihsan Al-Shammari, affirmed: "The international community will not allow things to go awry in Iraq."

Al-Shammari said in a statement to the National Iraqi News Agency ( NINA ): "The Security Council's recent statement on Iraq is a warning message to the political forces that the international community will not allow things to go awry in Iraq, especially since the political forces have not yet realized that they are facing major transformations in the region." Therefore, the international community will not allow a new conflict to occur in the region."

He explained: "The statement paves the way for greater involvement of the United Nations mission in Iraq, by setting a map to solve the problems between the political parties, meaning that the United Nations is the one who adopts the vision, and it is the guarantor between the political parties."

He pointed out that: "In the event that the United Nations fails to reach an agreement between the political parties, we may witness an internationalization of the Iraqi issue and the issuance of decisions regarding the political process, parties, entities and leaders, from the Security Council, and this matter will be possible."

He pointed out: "The positions of the political forces may vary towards the statement of the Security Council. Some issued statements warning against disregarding the statement, but some parties will not deal with this statement because they do not have the political vision and sort things out, and this matter will have a heavy price in the future for those leaders and leaders. ".

The members of the UN Security Council had condemned the violence in Iraq on August 29 and 30, and expressed concern about casualties, during the clashes that took place in the Green Zone./End of 9

https://ninanews.com/Website/News/Details?Key=997954

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

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Saturday Afternoon Iraq Economic News Highlights 9-2-22

Saturday Afternoon Iraq Economic News Highlights 9-2-22

Economist: Inflation Has Reached More Than 12% In Iraq

Iraqi market   Money and business   Economy News – Baghdad   The annual inflation level in Iraq for the month of July increased by 12.3% compared to the same period in 2019, bringing the record in July 2022 to 117.8, which is the highest inflation rate recorded in the country in more than ten years .

The economic and financial expert, Manar Al-Obaidi, said in a press statement, seen by "Economy News", that "the inflation level in food prices rose by 11.2%, while the inflation level in housing, water, electricity and gas prices rose to 10.1 %."

At the level of transportation prices, the inflation rate in Iraq increased by 16.8%, and the most inflated rate was the prices of health and medical services, which rose by 27.8% compared to July 2019, and the general index of the Health Department reached 149.9, an increase of 50% compared to the measurement year. Which is considered the year 2012, according to Al-Obeidi .

The Iraqi economic expert attributed the reasons for the high rates of inflation to many factors, including “the rise in oil prices, which reflects its shadow on all goods and services, in addition to changing the exchange rate of the dinar against the dollar,” and these two reasons are enough to raise inflation rates to reach these record levels .

According to the data of the Iraqi Ministry of Planning, the number of citizens below the poverty line has reached "9 million people" and with the high rates of inflation, it is expected that this percentage will rise in the future, according to Al-Obeidi .

Al-Obeidi pointed out that "the Iraqi government does not take any actual measures that would reduce the inflation rates that qualify for the rise as a result of the lack of approval of the budget and the absence of programs that limit the impact of the inflation level on the Iraqi citizen ."

He pointed out that "the local products that would reduce inflation rates are still below the level and unable to cover the need for imported products."  14 . views Added 09/03/2022 - 1:02 PM  Update 09/03/2022 - 1:08 PM https://economy-news.net/content.php?id=29539

Parliamentary Finance Calls On Two Ministries To Finish Preparing Next Year's Budget[/Size]

Economie   10:14 - 09-03-2022   A member of the Parliamentary Finance Committee, Jamal Cougar, called on the ministries of planning and finance to finish preparing the next year's budget, indicating that as soon as the next government is formed, it will be sent directly. Cougar said, that the month of October requires the government to send the budget to Parliament, but its transfer to the caretaker government prevents this.

He added, that the Financial Management Law requires the Ministry of Finance and Planning to request the ministries, agencies and companies for their budgets required to prepare the budget in full within terms and paragraphs, after which it will be sent to Parliament next October, provided that the next government is formed https://kirkuktv.net/AR/Details/8620

Al-Kazemi’s Advisor: The Benefits Accruing From Selling Oil Can Only Be Determined By The End Of The Current Fiscal Year

Economie  20:18 - 09-02-2022  Today, Friday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, determined the size of the reserves accumulated during the first half of the current year 2022, while offering a conditional option to employ the surplus financial resources in the absence of the budget.

Saleh said, "The actual balance of the surpluses achieved from selling oil can only be calculated by the end of the current fiscal year, as estimates (the first half of the current year 2022) indicate the accumulation of public financial reserves of up to 20 billion dollars and they cannot be disposed of outside what is stipulated in the article. 13 of the amended Federal Financial Management Law No. 6 of 2019, i.e. spending 1/12 of the total actual current expenditures in the 2021 budget.

He added, "Although the allocations contained in the Emergency Food Security and Development Law No. 2 of 2022 have allocated amounts close to the financial savings achieved in the first half of 2022, what can be expected of financial savings until the end of the current year is perhaps an amount Its balance is between 15-20 billion dollars, in light of the average oil prices in the global market estimated at about $100 per barrel and an export capacity of about 3.3 million barrels of oil per day, in addition to the exchange restrictions and limitations in the aforementioned two laws.”

He continued: "Based on the foregoing, the possible and available option is to employ those surplus financial resources in a (sovereign fund) based on the provisions of Article 19 of the Federal Financial Management Law in force, provided that the legal adaptation that links the establishment of the sovereign fund to the adoption of a law for the general budget is available."

He concluded: "Thus, financial legislation remains the objective basis for all future financial actions."

https://kirkuktv.net/AR/Details/8606

Companies Call On The United States And Other Countries To Enter The “Oil” Crisis Line Between Baghdad And Erbil

Posted On2022-09-03 By Sotaliraq     Today, Friday, an economic report revealed that oil companies operating in the Kurdistan Region requested assistance from Washington to defuse the crisis between Baghdad and Erbil regarding their work and the flow of oil to Turkey. In the region, I contacted four governments in this regard.

The oil companies operating in the Kurdistan Region have asked the United States to help defuse the growing tension between the federal government and the regional government," Reuters news agency said.

Reuters based its report on "a message I have seen, and three sources, who say that this US intervention is necessary in order to ensure the continued flow of oil through northern Iraq to Turkey to prevent the latter from increasing oil shipments from Iran and Russia."

According to this message and sources, "the economy of the Kurdistan Region may be at risk of collapse if it loses its revenues from oil sales."

The Reuters report stated that "relations were strained last February when the Federal Court considered that the oil and gas law related to regulating the oil industry in Kurdistan is unconstitutional," noting that "after the ruling was issued, the federal government strengthened its efforts with the aim of controlling export revenues from Erbil.”

According to a copy of the letter seen by Reuters, "Before the ruling was issued, the Dallas-based company (HKN Energy) wrote to the US ambassadors in Baghdad and Ankara, specifically last January, asking for mediation. The United States is in a separate case dating back to 2014 related to the Iraqi-Turkish pipeline (ITP).

The report stated that "Baghdad "claims that Turkey violated the ITP agreement by allowing the transit of Kurdistan Regional Government exports, which Baghdad considers illegal, through the pipeline to the Turkish port of Ceyhan."

The report indicated that "the Iraqi Oil Ministry said that the last session to consider the case was held in Paris last July, and that the International Chamber of Commerce will announce its final decision in the coming months."

Reuters" quoted three sources as saying that "the possible next steps on the part of Turkey are still not clear if the verdict is issued in favor of Baghdad, which is a likely possibility."

The agency quoted a representative of the company, who asked not to be identified, as saying that “at least one other oil company has moved continuously with higher authorities in four governments concerned, directly and indirectly, in order to encourage participation.”

Reuters pointed out that "other operators in the Kurdistan Region, "General Energy" and "Chevron" refused to comment on the arbitration case, while "DNO" and "Gulf Keystone" did not respond to requests from Reuters for comment.

Oil drums are in danger

According to the message obtained by "Reuters" and addressed by "HKN" to the ambassadors of the United States, "stopping the flow of oil through (ITP) will lead to the collapse of the economy of the Kurdistan Region of Iraq."

Neither the Ministry of Natural Resources in the Kurdistan Regional Government nor the Ministry of Oil in Baghdad have commented on requests from "Reuters" to comment on the news.

The report pointed out that “(ITP) has a pumping capacity of 900,000 barrels per day of crude, which represents about 1% of the daily global demand for oil, through the state marketing company (SOMO) as well as the regional government. Currently, 500,000 barrels per day are being pumped from the northern Iraqi fields.

According to analysts, "the companies will withdraw from the region unless the work environment improves."

With the deteriorating security situation, a group of small and medium-sized companies have moved in order to achieve US involvement to help deter attacks targeting energy infrastructure and enhance security in general," the report stated.

The report, quoting sources concerned with the case, stated, “These companies also endorsed letters written by members of the US Congress to Secretary of State Anthony Blinken in August, urging them to engage in high-level engagement with Erbil and Baghdad with the aim of protecting the stability of the Kurdistan Region’s economy and ensuring Iraq is free from interference. Iranian".

faded American interest

The report quoted US State Department spokesman Ned Price as saying on August 16 that "the differences between Baghdad and Erbil concern them, but the United States encourages dialogue."

The report pointed out that "the US State Department summoned the American law firm (Elkins & Vision), which represents the Iraqi Ministry of Oil, in order to review the data on the dispute over (ITP) in July."

The report continued, quoting an informed source as saying that "it is likely that two more sessions will be held in Baghdad and Washington."

While the US State Department declined to comment, industry experts said they "believe that US intervention is not likely and may not help anyway."

The report quoted Raad Al-Qadri, Managing Director of Energy, Climate and Sustainability in the "Eurasia Group", as saying that "the United States separated from Iraq during the past decade, and that pressure from Washington or other governments, will not resolve the issues between Baghdad and the Kurds."

A Kurdish official told Reuters last August that "the regional government has asked the United States to strengthen its defense capabilities," but he indicated that he was "not optimistic because the most important priority for the United States is to revive the nuclear agreement with Iran." LINK

Iraqi News Saturday Afternoon 9-3-22

Iraqi News Saturday Afternoon 9-3-22

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Dissolution Of Parliament .. Will The Federal Court's Decision Be Decisive This Time?

Political | 01:55 - 03/09/2022   Special - Mawazine News, today, Saturday, legal expert Ali Al-Tamimi confirmed that the decision of the Federal Court to dissolve Parliament will be decisive and binding.

Al-Tamimi said in an exclusive interview with "Mawazine News", "The decisions of the Federal Court are binding on all authorities, and that according to Article 94 of the Constitution, the decisions are not subject to appeal, discrimination or appeal."

And he indicated that "Parliament is dissolved from the moment the Federal Court issues its decision, and the President of the Republic will be called for early elections two months after its date," noting that "there is no harm in the invitation of the President of the Republic, even if it is expired." Ended 29 / M 99

https://www.mawazin.net/Details.aspx?jimare=204339

Britain Urges Erbil And Baghdad To Resolve Their Differences Over Oil And Gas

Political | 04:00 - 03/09/2022   Baghdad - Mawazine News, British Finance Minister Nazim Al-Zahawi announced that his country urges Erbil and Baghdad to resolve their differences, because "improving relations between Erbil and Baghdad contributes to achieving stability and prosperity for all of Iraq."

Nazim al-Zahawi said, during a visit to Washington, that he urges the President of the Kurdistan Regional Government to insist on his steps, so that the regional government and the Iraqi government can work jointly to achieve stability and prosperity for all of Iraq.

He indicated that he also knows the Iraqi Prime Minister, Mustafa Al-Kazemi, and is "a great supporter of the success of relations between the Kurdistan Regional Government and the Iraqi government."

The British Minister of Finance noted that he knows the Prime Minister of the Kurdistan Region, Masrour Barzani as well, and he is insisting that the Kurdistan Region be able to export oil and gas to all the world at prevailing prices, stressing the importance of all parties working together to achieve stability in the oil sector.

The visit of the British finance minister to Washington came to discuss with his American counterpart and the finance ministers of the Group of Seven about ways to solve the energy crisis resulting from the war in Ukraine. Ended 29 / h     https://www.mawazin.net/Details.aspx?jimare=204352

Al-Hakim: Iraqi Political Decision-Making Lies With The Participation Of All

Political | 12:51 - 03/09/2022   Baghdad - Mawazine News, head of the Wisdom Movement, Ammar al-Hakim, affirmed that Iraq cannot be reduced to a political, sectarian or national viewpoint, as everyone's interest lies in the participation of everyone in decision-making.

Al-Hakim's office said in a statement, "Mawazine News" received a copy of it, "We reiterated, during our meeting with the Japanese ambassador in Baghdad, Kotaro Suzuki, the importance of benefiting from the Japanese experience in reconstruction and construction and achieving sustainable development, and we also wished him success in his new duties after the completion of his work in Baghdad.

We valued the diplomatic role he played in Iraq, and demonstrated the good reputation enjoyed by Japanese companies, as we called for investing this in pioneering projects in Iraq, and pointed out the similarity of the circumstances that the two countries experienced in political and social terms.

He added, "We explained the political changes in Iraq and the need to end the current political crisis by resorting to the constitution, the law, and the legitimate state institutions, and we stressed that Iraq cannot be reduced to a political, sectarian or national view, because everyone's interest lies in the participation of everyone in decision-making, and we renewed our call to adopt dialogue as a way to achieve reform." And the desired change.”     https://www.mawazin.net/Details.aspx?jimare=204335

Oil Price Hike

Economie| 10:03 - 03/09/2022  Follow-up - Mawazine News:   Oil prices rose during trading yesterday, thanks to expectations that the “OPEC +” bloc will discuss reducing production at a meeting to be held on the fifth of September, but concerns about the restrictions to combat “Covid-19” in China and the weakness of the global economy continued to limit the gains. .

By 1140 GMT, Brent crude futures rose $1.42, or 1.5 percent, to $93.78 a barrel. West Texas Intermediate crude futures rose $1.43, or 1.7 percent, to $88.04 a barrel.

Brent crude recorded a weekly decline of about 7 percent, and West Texas Intermediate crude recorded a decline of about 5 percent during the week.

The "OPEC +" bloc, which includes the Organization of Petroleum Exporting Countries "OPEC" and its allies, is scheduled to meet on the fifth of September against the backdrop of an expected decline in demand.

"Oil prices rose after falling during the week to close to their lowest levels in the summer," said Craig Erlam, senior market analyst at Oanda.    https://www.mawazin.net/Details.aspx?jimare=204317

Economist: Inflation Has Reached More Than 12% In Iraq

Iraqi market   money and business  Economy News – Baghdad   The annual inflation level in Iraq for the month of July increased by 12.3% compared to the same period in 2019, bringing the record in July 2022 to 117.8, which is the highest inflation rate recorded in the country in more than ten years .

The economic and financial expert, Manar Al-Obaidi, said in a press statement, seen by "Economy News", that "the inflation level in food prices rose by 11.2%, while the inflation level in housing, water, electricity and gas prices rose to 10.1 %."

At the level of transportation prices, the inflation rate in Iraq increased by 16.8%, and the most inflated rate was the prices of health and medical services, which rose by 27.8% compared to July 2019, and the general index of the Health Department reached 149.9, an increase of 50% compared to the measurement year. Which is considered the year 2012, according to Al-Obeidi .

The Iraqi economic expert attributed the reasons for the high rates of inflation to many factors, including “the rise in oil prices, which reflects its shadow on all goods and services, in addition to changing the exchange rate of the dinar against the dollar,” and these two reasons are enough to raise inflation rates to reach these record levels .

According to the data of the Iraqi Ministry of Planning, the number of citizens below the poverty line has reached "9 million people" and with the high rates of inflation, it is expected that this percentage will rise in the future, according to Al-Obeidi .

Al-Obaidi pointed out that "the Iraqi government does not take any actual measures that would reduce the inflation rates that qualify for the rise as a result of the lack of approval of the budget and the absence of programs that limit the impact of the inflation level on the Iraqi citizen ."

He pointed out that "the local products that would reduce inflation rates are still below the level and are unable to cover the need for imported products." 52 views   Added 09/03/2022 1:02 PM  Update 09/03/2022 - 5:24 PM https://economy-news.net/content.php?id=29539

The Rise In The Exchange Rate Of The Dollar

Economie| 11:18 - 03/09/2022   Baghdad - Mawazine News   The dollar exchange rates witnessed, today, Saturday, a slight increase in the local markets.

And the selling prices of the dollar were recorded at 148,050 thousand dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147,950 thousand dinars per 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=204328

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