Iraqi News Monday Afternoon 9-19-22

Iraqi News Monday Afternoon 9-19-22

Tlm724 Administrator Bondlady’s Corner

International Monetary Fund: The Real GDP Of Iraq Will Rise In The Coming Years

Today, Monday, the International Monetary Fund expected the real GDP growth for Iraq over the next five years.  The fund stated, in a chart published on its website, that "the real GDP of Iraq will rise during the next five years," noting that "the annual rate for the current year will reach 9.5 percent."

The fund added, "The ratio will decline to 5.7 in the next year, while the year 2024 will witness Iraq achieving a growth rate of 2.7 percent in GDP, to decline in the year 2025 to 2.6 percent on an annual basis, to stabilize there in the year 2027."   https://www.radionawa.com/all-detail.aspx?jimare=31242

Al-Kazemi's Advisor: The Growth Rate Expected To Be Achieved During The Current Year Is Unprecedented

Economie| 11:39 - 09/19/2022   Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, described, on Monday, the rate of growth expected to be achieved during the current year as "unprecedented", expecting the rates to continue to increase during the next year.

Saleh said in a statement to the official newspaper and followed by / Mawazine News /, that "the World Bank estimated that the growth rates in Iraq's gross domestic product would reach 9 percent during 2022, according to a report it launched during the current year."

Salih considered, "the expected unprecedented growth rate in Iraq," attributing the reasons for achieving it to "the increase in the quantities produced of oil and their reaching broader production capacities after removing the restrictions imposed by the (OPEC +) agreement in the year 2020, which provides for reducing the quantities of oil produced by about an increase One million barrels to remove the glut in the oil market during the Corona crisis.

He explained, "Economic growth in Iraq decreased to (minus 11) percent during the Corona pandemic, after the sectors of the economy stopped working for about six months," adding that "the operation of the economic sectors made the economic cycle of Iraq reach its peak, according to World Bank estimates. , as reinforced by the high growth figure in GDP.

Salih expected that "the estimates of growth during the year 2023 range between 5-4%, a percentage that we find reasonable after the stability of the economic cycle, especially since the growth rate exceeds the growth rate of the population in all cases, which should be reflected on the relative economic well-being." https://www.mawazin.net/Details.aspx?jimare=205863

Economist: Most Of The Budgets Were Political And Consumer And Did Not Change The Reality

Monday 19 September 2022 11:22 | Economic Number of readings: 426   Baghdad / NINA / - The expert in economic affairs, Raad Twij, called for taking advantage of the current financial abundance and changing the methods and system for preparing public budgets laws. In a statement to the National Iraqi News Agency ( NINA) , Twig said : "The public budgets are among the most important laws that are issued by the government and approved by Parliament.

The historical facts of Iraqi budgets since 2003 have proven that they did not harmonize and did not completely change the economic reality. Iraqi," noting:

"Most of the budgets were political and consumer, not program and production budgets."

Twiej called for taking advantage of the current financial abundance and adapting to it in preparing independent development budgets, reducing spending and unjustified deficits, and preparing programs similar to the Food Security Law related to salaries, subsidies and forms of economic support.

https://ninanews.com/Website/News/Details?key=1001112

SOMO Informs International Companies Not To Buy Crude Oil From Kurdistan

Political | 07:19 - 09/19/2022   Baghdad - Mawazine News   The Oil Marketing Company "SOMO" announced today, Monday, that it has taken marketing measures and informed all international companies not to purchase crude oil from the Kurdistan region, while stressing that the regional government is obligated to implement the decision of the Federal Court.

The director of the company, Alaa Al-Yasiri, said that "the Federal Court issued a decision that invalidates all contracts concluded by the Kurdistan Regional Government regarding the extraction and export of crude oil."

Al-Yasiri added, "The Ministry of Oil has begun to develop flexible mechanisms for the purpose of transferring the entire file to the federal government, but the matter was not welcomed by the regional government, which called the ministry to take legal measures," noting that "the regional government is obligated to implement the court's decision."

He pointed out that "the Oil Marketing Company has taken marketing measures and all international companies have been informed not to purchase crude oil from the region," noting that "the quantities exported from the region last year amounted to about 420,000 barrels per day, and this year, the exported quantities have decreased to about 355,000 barrels per day.

He stressed, "The regional government sells oil at lower prices than the central government, and according to news published by Reuters, the region sells oil at discounts ranging from 16-20 dollars per barrel, despite the fact that the sale takes place in the same region and with the same quality of oil." Ended 29 / h https://www.mawazin.net/Details.aspx?jimare=205912

Al-Kazemi heads to New York to participate in the United Nations General Assembly meeting

Monday 19 September 2022 19:38 | politicalNumber of readings: 176

Baghdad / NINA / - Prime Minister Mustafa Al-Kazemi went to New York to participate in the meeting of the United Nations General Assembly.    https://ninanews.com/Website/News/Details?Key=1001240

The Dollar Is Declining In The Iraqi Market

Economie| 09:33 - 09/19/2022   Baghdad - Mawazine News   The dollar exchange rates witnessed, today, Monday, a slight decrease in the Iraqi Stock Exchange.     Selling price: 147.850 dinars per $100   purchase price: 147.750 dinars per $100    https://www.mawazin.net/Details.aspx?jimare=205850

US Ambassador: We Will Continue To Provide Significant Funding For Humanitarian Assistance Activities In Iraq

Political | 07:32 - 09/19/2022   Baghdad - Mawazine News  The US Ambassador to Baghdad, Alina Romanowski, confirmed today, Monday, that Washington will continue to provide significant funding for humanitarian assistance activities in Iraq.

"At today's UNHCR meeting, I indicated that the United States will continue to provide significant funding for humanitarian assistance activities in Iraq, while reducing the work of the United Nations," Romanowski said, in a tweet on her Twitter platform.

She added, "I look forward to working with the Government of Iraq and the Kurdistan Regional Government as they adopt more coordination in the field of humanitarian programmes." Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=205914

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

https://www.bondladyscorner.com/

KTFA Members "Debt Julilee??" Monday 9-19-2022

KTFA:

Sir:  Good morning KTFA  IMO-This is a great article to start the week off, “which should prove to be a truly eventful week” Can you smell what this article is all about? I smell a debt jubilee in the air and  it’s has to be world wide..  Happy Monday all.. 

Samson:  The Director General, Chairman Of The Board Of Directors, Delivers A Speech At The Opening Of The Meeting Of The Forty-Sixth Session Of The Council Of Governors Of Arab Central Banks And Monetary Institutions

19th September, 2022

His Excellency Dr. Abdul Rahman bin Abdullah Al Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund

Delivering a speech at the opening of the meeting of the forty-sixth session of the Council of Governors of Arab Central Banks and Monetary Institutions

The inflationary wave, the risks of stagflation, food security challenges, high commodity prices, fluctuations in global supply chains and climate change are the most prominent risks facing the global economy

It is estimated that the Arab economies will achieve a growth rate of about 5.4 and 4.0 percent in 2022 and 2023, respectively, while the inflation rate is estimated to reach about 7.6 percent and 7.1 percent during these two years.

The growth paths in the Arab countries have been affected by developments related to the continuation of the procedures, arrangements and financial packages to contain the repercussions resulting from the Corona pandemic, the effects resulting from the current global developments on Arab economies, and the expected course of macroeconomic policies, especially monetary policy

17.8 percent, the average capital adequacy ratio for Arab banks, and the ratio of coverage of loan provisions to the total non-performing loans of Arab banks amounted to about 91.1 percent at the end of 2021

$2.25 billion, the value of loans provided by the Arab Monetary Fund from 2020 until the end of the first half of 2022

11.3 percent unemployment rate, and $756.2 billion public debt in Arab countries

The Fund has issued a number of guides and guiding principles to help Arab countries adopt appropriate policies 

The construction of the Buna platform for inter-Arab payments has been completed

His Excellency Dr. Abdulrahman bin Abdullah Al-Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, delivered a speech at the opening of the forty-sixth session of the Council of Governors of Arab Central Banks and Monetary Institutions, which was held this year in Jeddah, Kingdom of Saudi Arabia under the kind patronage of the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud, may God protect him and protect him.

 The meeting was attended by their Excellencies, governors of Arab central banks and monetary institutions, as well as senior officials from the International Monetary Fund and the Bank for International Settlements.  

His Excellency Dr. Al-Hamidi warned that the global economy may face major challenges related to the risks of stagflation, the repercussions of climate change, food security challenges, high commodity prices and fluctuations in global supply chains, which resulted in a reassessment of the global economy. 

His Excellency indicated that the global economy is estimated to achieve a growth rate of 3.2 and 2.9 percent for 2022 and 2023, respectively, which are estimates.  It is less than previous expectations, indicating that this reduction came as a result  of the uncertainty and the global developments that will result and the possibility of entering into the so-called stagflation state. With regard to the Arab countries, His Excellency indicated that, according to the estimates of the Arab Monetary Fund, Arab economies will achieve growth of about 5.4 and 4.0 percent in 2022 and 2023, respectively.  

With regard to the current inflationary wave, His Excellency referred  to the rise in the global inflation rate, to reach 8.3 percent in 2022 and 5.7 percent in 2023, pointing out that the Arab Monetary Fund expects the Arab countries as a group to record a relatively high inflation level during 2022 and 2023, reaching about 7.6 percent and 7.1 percent, respectively, in light of the continuation of the current international developments.  

On the other hand, His Excellency Dr. Al-Hamidi praised the efforts of Arab central banks in controlling the conditions of the financial and banking sector and enhancing its safety, noting that it is not expected that there will be a fundamental impact of high interest rates on monetary policy tools, on the ability of the Arab banking sector to lend. The indicators of the financial strength of the banking sector in the Arab countries achieved good results in 2021. In terms of capital adequacy, the average ratio in the Arab region reached about 17.8 percent at the end of 2021, which indicates that the Arab banking sector enjoys a high solvency, which enhances its ability to absorb potential losses, while the ratio of liquid assets to the total assets of this sector was about 32.7 percent. The ratio of coverage of loan provisions to the total non-performing loans of Arab banks reached about 91.1 percent at the end of 2021.

His Excellency Dr. Al-Hamidi indicated that the growth paths in the Arab countries are affected by three main factors, namely: developments related to the continuation of work with procedures, arrangements and financial packages to contain the repercussions resulting from the Corona pandemic, and the effects resulting from the current global developments on Arab economies, in addition to the expected path of macroeconomic policies in particular, monetary policy.

His Excellency referred to the most prominent economic challenges facing the Arab countries at this stage, which are represented in  the high rates of inflation and the unemployment rate, which recorded about 11.3 percent, which is equivalent to double the global average, in addition to the challenge related to the increasing rates of indebtedness in light of the rise in debt levels.

The year in the wake of the pandemic, indicating that the value of the public debt amounted to about $756.2 billion, representing about 107.3 percent of the gross domestic product of the borrowing Arab countries.

On the other hand, His Excellency stressed the importance of the Arab governments’ orientation towards accelerating the efforts of digital transformation and the transformation towards a knowledge economy, pointing out that the countries that were able to quickly recover from the repercussions of the crisis and deal with its repercussions effectively and efficiently were represented in the Arab countries with the highest levels of digital readiness. 

His Excellency Dr. Al-Hamidi praised the great efforts made by the committees and work teams emanating from the Board of Governors of Arab Central Banks and Monetary Institutions in addressing topics and issues of importance, developments and developments related to the priorities of Arab central banks, in a manner that enhances opportunities for exchanging expertise and experiences and transferring knowledge.  His Excellency also praised  the remarkable progress in the fifth edition of the Financial Stability Report in the Arab Countries for the year 2022, and its new chapters.

On the other hand, His Excellency the Director General and Chairman of the Board of Directors stressed the Fund's keenness to respond quickly to the needs of Arab countries in light of the repercussions of the Corona pandemic, indicating in this regard that the Fund  met borrowing requests as quickly as possible, noting that financial resources were provided to a number of member countries in the form new loans, or withdraw existing loans, to face the current economic and financial repercussions, through the application of the framework of quick procedures, which enabled the borrowing member states to benefit from these resources as quickly as possible, indicating in this regard that the total volume of resources provided by the Fund since 2020 until the end of the first half of 2022, it amounted to about 2.25 billion US dollars.

In the same context, His Excellency Dr. Al-Hamidi indicated that the Fund has intensified its efforts in organizing consultative meetings, exchanging experiences and expertise, and preparing reports and studies on current developments and prospects for Arab economies, indicating in this regard that the Fund has organized a large number of consultative meetings, with the participation of many institutions and frameworks regional and international, with the aim of consulting on existing issues and priorities in the Arab countries to support opportunities for financial stability.

In a related context, and in the context of strengthening the Fund's response to the challenges of the current crisis and providing advice to member states, His Excellency the Director General and Chairman of the Board of Directors of the Arab Monetary Fund indicated that the Fund will continue to issue a number of guides and guiding principles aimed at helping Arab countries adopt appropriate economic and financial policies.

In another context, His Excellency Dr. Al-Hamidi pointed out that the Arab Monetary Fund has completed the establishment of the "Bunni" platform for Arab payments, which provides payment and settlement services in Arab and international currencies, noting that the "Bunni" platform enjoys wide international acceptance and has become a model for compatibility with the directions of the Group of Twenty to promote The efficiency and integrity of cross-border payment and transfer transactions to serve the purposes of enhancing financial flows and supporting financial integrity and stability.

In conclusion, His Excellency Dr. Al-Hamidi renewed his gratitude to the King, Government and people of the Kingdom of Saudi Arabia for hosting the meeting, to the Custodian of the Two Holy Mosques and his trusted Crown Prince for the generous sponsorship of the meeting, and to His Excellency Dr. Fahd bin Abdullah Al Mubarak, Governor of the Central Bank of Saudi Arabia for his cooperation and his colleagues in the bank in preparing for the meeting and providing the requirements his success.

His Excellency also valued the efforts of the United Arab Emirates, the headquarters country of the Fund, in the great care and support it provides as the headquarters country of the Arab Monetary Fund, which undoubtedly contributes to the Fund's carrying out the tasks entrusted to it. His Excellency the Director General also thanked their Excellencies, Governors of Arab Central Banks and Monetary Institutions, for their support of the Fund and the Council's activities.

~~~~~~~~~~~

Speech of His Excellency Dr. Abdul Rahman bin Abdullah Al Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, at the opening meeting of the forty-sixth session of the Board of Governors of Arab Central Banks and Monetary Institutions:

His Excellency Dr. Fahd bin Abdullah Al Mubarak, Governor of the Central Bank of Saudi Arabia,

His Excellency Dr. Marouane Abbasi, Governor of the Central Bank of Tunisia, Chairman of the current session of the Council,

Excellencies, Excellencies,

Ladies and gentlemen,

May God bless you with a good morning,

I am pleased to speak to your honorable assembly on the occasion of the annual meeting of the forty-sixth session of the Council of Governors of Arab Central Banks and Monetary Institutions. At the beginning of my speech, I would like to extend my sincere thanks and gratitude to the Kingdom of Saudi Arabia, the King, the government and the people for hosting this important Arab economic, financial and banking forum. He also expressed sincere gratitude and gratitude to the Custodian of the Two Holy Mosques and his trusted Crown Prince for kindly sponsoring the meeting. Of course, on this occasion, I cannot fail to express my sincere appreciation to His Excellency Dr. Fahd bin Abdullah Al Mubarak, Governor of the Central Bank of Saudi Arabia for his generous initiative in calling for hosting the meeting and for his great contributions to the work of the Council, and thanks to his colleagues in the Central Bank of Saudi Arabia for their cooperation and efforts in preparing and organizing to ensure the success of This important meeting.

~~~~~~~~~~~

Your Excellencies,

Dear Sisters and Brothers,

Expectations indicate that the global economy, according to recent estimates by international financial institutions, will achieve a growth rate of about 3.2 percent for 2022 and 2.9 percent for 2023, after those estimates were relatively optimistic at the beginning of the year, about 3.5 percent and 4.4 percent, respectively. This reduction in expectations reflects the state of uncertainty, the outcome of global developments, and the possibility of the global economy entering a phase of so-called stagflation. The latest estimates indicate a rise in the global inflation rate, to reach about 8.3 percent in 2022 and 5.7 percent in 2023, compared to 3.2 percent and 4.7 percent in 2020 and 2021, respectively.

It is no secret to you that the global economy is also witnessing developments and the attendant challenges related to food security, rapid rise in commodity prices and fluctuations in global supply chains and their impact on inflation rates, which resulted in a re-evaluation of the global economy.

As you know, the inflationary wave is making it difficult for the trends and options available to central banks around the world, which are still struggling to support economic growth, which is already affected by the repercussions and developments of the Corona pandemic. In this context, central banks were forced to adopt contractionary monetary policies at a time when economic recovery is still dependent on monetary stimulus in light of the inability of governments, especially in developing countries, to continue support using fiscal policy tools, because of the repercussions on fiscal discipline. and financial sustainability.

Although gradually raising interest rates on monetary policy tools is a natural and expected thing to address inflation, especially since interest rates were already low, it requires a holistic view of policies that achieve balance to stimulate economic growth on the one hand, reduce inflation and maintain the safety and stability of the sector finance on the other hand. Therefore, the central banks’ actions by following a prudent monetary policy with coordination with the fiscal and macroprudential policy and the adoption of government programs to support the various economic sectors represent an important way to maintain economic balance, taking into account the risks and challenges of the current global developments.

~~~~~~~~~~

Your Excellencies,

Dear Sisters and Brothers,

Perhaps it is appropriate to commend, in this context, the efforts of Arab central banks in controlling the conditions of the financial and banking sector and enhancing its safety, as it is not expected that there will be a fundamental impact of high interest rates on monetary policy tools, on the ability of the Arab banking sector to lend, as safety indicators revealed the financial adequacy of the Arab countries indicates that the levels of capital and liquidity adequacy are high in the Arab banking sector and are higher than the minimum limits established by Basel III decisions)

Where the average capital adequacy ratio for the banking sector in the Arab countries was about 17.8 percent by the end of 2021, while the ratio of liquid assets to the total assets of this sector reached about 32.7 percent at the end of the same period. It was also added that the ratio of coverage of loan provisions to the total non-performing loans of Arab banks amounted to about 91.1 percent at the end of 2021.

These good figures reflect the efforts undertaken and undertaken by Arab central banks to enhance the robustness and safety of the banking sector performance indicators, and to develop legislation, policies and precautionary measures. 

In this context, the Arab central banks, during the Corona pandemic, reduced the margin of the conservative capital, the liquidity coverage ratios, and the net stable financing to support monetary policy decisions and provide additional liquidity to the banking sector. Its studies have concluded that banks are able to submit to capital and liquidity adequacy requirements as they were applied before the pandemic, without prejudice to their role or affecting their liquidity levels, in light of the availability of sufficient time to meet the regulatory requirements for liquidity.  

Your Excellencies,

Dear Sisters and Brothers,

The estimates of the Arab Monetary Fund indicate that the growth paths in the Arab countries are currently affected by three main factors, including: developments related to the continuation of work with procedures, arrangements and financial packages to contain the repercussions resulting from the Corona pandemic, and the effects resulting from the current global developments on Arab economies, in addition to the expected path of macroeconomic policies. Especially monetary policy.

According to the estimates of the Arab Monetary Fund, the growth rate of Arab economies is expected to rise in 2022 to record about 5.4 percent, compared to the rate of 3.5 percent recorded in 2021, driven by many factors, foremost of which is the relative improvement in global demand levels, and high rates of the growth of the oil and gas sectors, and the continuation of Arab governments to adopt stimulus packages to support economic recovery. While the pace of economic growth for Arab countries is expected to decline in 2023, to record about 4.0 percent, in line with the decline in the global economic growth rate, the expected decline in commodity prices, and the impact of the gradual withdrawal from expansionary fiscal and monetary policies that support the aggregate demand side.

As you know, most Arab countries have been affected by global inflationary pressures as a result of many factors. According to the estimates of the Arab Monetary Fund, the inflation rate in the Arab countries as a group is expected to record a relatively high level during 2022 and 2023 at about 7.6 percent and 7.1 percent, respectively, in the continuation of the current international developments that lead to a continuous rise in the price level in the markets of basic materials and energy.  It is no secret to you that a number of Arab countries with lower levels of self-sufficiency have been more affected by the current global inflationary wave, which casts a shadow over food security challenges.

~~~~~~~~~~

Your Excellencies,

Dear Sisters and Brothers,

The Arab countries, like other countries at this stage, are facing economic challenges that require exerting a lot of effort and moving towards adopting policies that help support the requirements of achieving the desired economic growth and achieving levels of economic and social development that achieve the aspirations of peoples.

Perhaps the most important of these challenges, besides the relatively high rates of inflation, as we have mentioned, are constantly emerging challenges of unemployment in the Arab region, which records about 11.3 percent, which is almost double the global average according to the data of the World Bank. The biggest challenge in this context is the concentration of unemployment rates in the category of young people, as youth unemployment in the Arab region rises to 33.0 percent, compared to 15.6 percent for the global average of youth unemployment.  

On the other hand, the challenge of increasing debt rates in particular is also among the most important challenges facing our Arab economies in light of the rise in public debt levels in the wake of the pandemic, which amounted to about $ 756.2 billion, representing about 107.3 percent of GDP. For Arab borrowing countries at the end of 2021. The importance of containing the public debt tracks and enhancing its movement at sustainable levels, especially in the wake of the pressures imposed by the spread of the Corona pandemic on the financial conditions in Arab countries, is highlighted here. This requires a vigorous effort by the authorities in the Arab countries to fine-tune the considerations of continuing to support economic recovery, and considerations of restoring financial balances and moving towards more sustainable paths of public debt.

In addition, dealing with food security risks as a result of high food commodity prices and challenges in food supply chains, and the economic, financial and social repercussions in this regard.  

In addition to the above, there is an urgent need to enhance the ability of Arab economies to increase levels of economic resilience to meet any potential economic challenges. Perhaps the Arab countries' continuation of structural and institutional reforms is an urgent necessity dictated by the current economic developments more than ever. 

The economic structures of the Arab countries need to witness structural reforms that restore the role of major economic sectors such as the agriculture and industry sectors, which past and current experiences have proven the inevitability of their development to enhance national economic security, and increase the capacity of these two sectors to support output and employment, achieve food security, and increase levels of self-sufficiency in agricultural commodities. and industrial, in order to reduce the levels of dependence on imports, and waste of resources from foreign exchange to reduce the risks of exposure of Arab countries to any unfavorable shocks as a result of increased levels of dependence on the outside.

Institutional reforms also play an important role in the current stage with the aim of developing Arab business environments to enable the private sector to be an essential engine for growth and employment.  

On the other hand, the importance of Arab governments’ orientation towards accelerating the efforts of digital transformation and the transition towards a knowledge economy, as the lessons learned from the pandemic indicate that the countries that were able to quickly recover from the repercussions of the crisis, and to deal with its repercussions effectively and efficiently were represented in the Arab countries with higher levels of digital readiness. 

Perhaps a look at the contribution of the knowledge economy sectors to the gross domestic product of Arab countries, which ranges between 4 to 12 percent in Arab countries, shows a decrease in this percentage compared to the similar level recorded in many of the pioneering countries in this field, including China, for example, where it is estimated This percentage is about 36 percent.

In addition, the importance of intensifying efforts and developing policies and programs to confront the repercussions of climate change and the transition towards green and sustainable economy and finance, in line with the reality and needs of our Arab countries.

No less important than the above is the need to follow up efforts aimed at developing the financial sector in the Arab countries to support access to finance and financial services, develop local financial markets, and enhance regional financial integration. Enhancing access to finance and financial services for various economic sectors, geographical regions and groups of society, especially youth and females, agricultural and rural communities, and micro, small and medium enterprises, and accelerating the availability of financing for emerging projects, will contribute to unlocking great potential energies and creating increased job opportunities, which will reflect positively on the endeavors of Facing unemployment and supporting sustainable and comprehensive economic and social development.

~~~~~~~~~~

Your Excellencies,

Dear Sisters and Brothers,

Allow me to commend the great efforts made by the committees and work teams emanating from your esteemed council in addressing topics and issues of importance, developments and developments related to the priorities of Arab central banks, in a way that enhances the opportunities for exchanging expertise and experiences and transferring knowledge. 

You also note from the documents of this year's esteemed council meeting, the quality of important topics, papers and reports prepared by the committees and teams, which reflected the requirements of supporting financial stability, upgrading financial infrastructure, preparing for the recovery phase and supporting digital financial transformation, and the role and responsibilities of central banks in this framework. 

The meetings of the committees and teams received wide participation from regional and international financial and banking institutions and frameworks, led by the committees of the Bank for International Settlements, the Financial Stability Board, the International Monetary Fund, the World Bank and a number of global central banks.

Perhaps it is appropriate here to commend the remarkable progress in the fifth edition of the Financial Stability Report in the Arab States for the year 2022. The report included, in addition to the usual chapters on economic developments that have an impact on financial stability, and an analysis of the risks of the financial sector and the risks of the non-banking financial sector, a number of qualitative chapters dealing with: The real estate sector in the Arab countries, lessons learned from the emerging crisis of the Corona virus at the level of central bank policies, and developments in modern financial technologies and their impact on financial stability. 

The report concluded that the Arab banking sector, despite the challenges and risks, was stable and generally able to withstand shocks, in light of the sector's good levels of capital, asset quality, profitability and liquidity, which reflects the efforts of Arab central banks and monetary institutions.

It is noteworthy that the aggregate financial stability index of the Arab Monetary Fund, which is calculated in cooperation with the Financial Stability Task Force, rose to 0.526 points at the end of 2021 compared to 0.487 points at the end of 2020, due to the improvement of financial and economic indicators as a result of the efforts made by Arab countries to limit the repercussions of Corona pandemic, which reflected positively on financial stability.

I would also like to commend the activities of the Financial Inclusion Initiative for the Arab region. During 2021, the initiative implemented a series of capacity-building programs, and organized a number of high-level conferences, learning forums and developing methods and tools, in addition to knowledge products. There was a focus on environmental and social responsibility issues, supporting the development of microfinance services, as well as following up on digital financial transformation efforts.

In this context, I would like to commend the cooperation of Arab central banks and associations and unions of banks in Arab countries in reviving the activities of the Arab Financial Inclusion Day, which took place on April 27, 2022, under the slogan "The Importance of Social Responsibility for Financial and Banking Institutions in Promoting Financial Inclusion". 

Activities in the Arab countries highlighted the importance of promoting responsible financing and social responsibility for financial and banking institutions to serve sustainable development, as Arab central banks seek to develop frameworks that help adopt and apply these standards by their financial and banking institutions and urge them to develop services and products that enhance social and environmental responsibility.

 For its part, the Arab Monetary Fund is intensifying its efforts in providing advice and issuing many studies, reports and guides, to contribute to addressing priority issues, especially in terms of promoting responsible financing and social responsibility in Arab countries.

We look forward to next year’s events, which focus on the role of financial inclusion in supporting efforts to confront the repercussions of climate change on the financial sector, which is appropriate in light of the Arab region’s hosting of the next two versions of the Conference of the Parties to the United Nations Convention ( COP27 ) and ( COP28 ) in Sharm El-Sheikh and Abu Dhabi, respectively. .

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

Your Excellencies,

Dear Sisters and Brothers,

The Arab Monetary Fund continued to respond quickly to the needs of Arab countries in light of the repercussions of the Corona pandemic. Efforts focused on carrying out the tasks in a way that could respond to the needs of member states and help them face various challenges, in terms of meeting borrowing requests as quickly as possible, as financial resources were provided to a number of member states in the form of new loans, or withdrawals on existing loans, to face the economic repercussions and current finances, by applying the fast-track framework to enable borrowing Member States to benefit from these resources as quickly as possible. In this regard, the total volume of resources provided by the Fund since 2020 until the end of the first half of 2022 amounted to about 2.25 billion US dollars.

On the other hand, the Fund continued its efforts in organizing consultative meetings, exchanging experiences and expertise, and preparing reports and studies on current developments and prospects for Arab economies in light of the new developments. The Fund organized a number of high-level meetings and workshops for Arab central banks, with the participation of many regional and international institutions and frameworks. With the aim of consulting on existing issues and priorities in Arab countries to support opportunities for financial stability.

Also, in response to current challenges and providing advice to member states, the Fund continued to issue a number of guides and guiding principles aimed at helping Arab countries adopt appropriate policies. The topics of supporting financial stability and promoting financial transformation have been discussed. Digital and addressing the repercussions of climate change are particularly important at this stage.

~~~~~~~~~~  

Your Excellencies,

Dear Sisters and Brothers,

I am pleased to report that the Buna platform for Arab payments, whose establishment was completed by the Fund under the guidance, support and cooperation of Arab central banks, international financial institutions and global central banks, has today gained wide international acceptance and has become a model for compatibility with the directions of the Group of Twenty to enhance the efficiency and safety of payment and transfer transactions through Borders to serve the purposes of enhancing financial flows and supporting financial integrity and stability.

As you know, the Buna platform is an integrated system specialized in providing clearing and settlement services for payments in Arab and international currencies. It aims to enable financial and banking institutions in the Arab region to send and receive inter-payments throughout the Arab region and abroad in a safe, reliable, affordable and highly effective manner. 

The Buna platform provides banks with modern payment solutions that comply with international standards and principles and international compliance requirements. 

The Buna platform contributes to enhancing opportunities for economic and financial integration in the Arab region and supporting investment links with trading partners in various continents.

 For information, participation in the platform is available to all banks and financial institutions that meet the criteria and conditions for participation in it, foremost of which are the standards and procedures for compliance aspects. The platform has an integrated strategy to develop the services provided, starting with the instant payment services that are now being worked on, and continuing with trade finance services and cross-border money market transactions.

The platform offers payment and settlement services in Arab and international currencies, which now include the UAE dirham, the Saudi riyal, the Egyptian pound, the Jordanian dinar, the US dollar and the euro, in addition to Arab and Asian currencies that will be announced soon.

 There are currently contacts and consultations with about 220 banks, 60 of whom have completed the connection with the platform.

There is no doubt that the success of the "Bunni" platform in achieving its strategic objectives requires the support of the supervisory authorities, the participation of central banks, the promotion of building a network of banks and financial institutions linked to the platform, and the use of Arab currencies in inter-transfers. We look forward to your support to complete linking Arab banks and activate transfers through the platform, thus enhancing the benefit of the innovative services provided by the platform.  

Your Excellencies,

Dear Sisters and Brothers,

In conclusion, I renew my gratitude to the King, Government and people of the Kingdom of Saudi Arabia for hosting the meeting. I also renew my gratitude to the Custodian of the Two Holy Mosques and his trusted Crown Prince for the generous sponsorship of the meeting, and I cannot fail to renew my thanks to His Excellency Dr. Fahd bin Abdullah Al Mubarak, Governor of the Central Bank of Saudi Arabia, for his cooperation and his colleagues in preparing for the meeting and providing the requirements for its success. Also, on this occasion, I would like to thank the United Arab Emirates, the headquarters country of the Fund, for the great care and support it provides as the headquarters country of the Arab Monetary Fund, which undoubtedly contributes to the Fund's carrying out the tasks entrusted to it.

Finally, I also do not fail to thank their Excellencies and Governors of Arab Central Banks and Monetary Institutions for their continued support of the Fund and the activities of the esteemed Council, wishing our meeting today every success.

Peace, mercy and blessings of God.  LINK

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

DoTalkToMe:  SIR Florida.I do not see debt debt jubilee in the article.
I do see currencies changing.
I do see people's lives changing if they own the right currencies.
Those who are unaware, will continue to remain unaware and will not be helped.
Please explain how you see debt jubilee for everyone  

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

Sir:  IMO-It’s about to occur in very short order, the article basically says so if you read the whole thing. The debt system in place now ( being dismantled and almost completed ) has been the reason for this hardship the world has been enduring for far too long.

 It’s a slave system that enriches and empowers the select few and enslaves the rest of the people.

 Worthless paper money backed by promises, as country by country has its resources stolen by the few that calls themselves elite.

 In short, this system is dead and was buried with the queen today, so rejoice and celebrate the death of the system that enslaved the people!

Debt jubilee’s have been done in the past, history shows us that. The debt the world is in at this time could never be paid off as it was designed that way by some smart evil people.

Do a little looking into what countries are accumulating precious metals, all of them that have the ability too. A new better system is ready to emerge and all countries will have their own currency backed by precious metals and commodities ( even playing field ).

Even the so called elite are stock piling gold and silver while they can. Not sure how that is going to work out for them because the money they have was surly stolen from the people.     IMO-Get ready! 

"Tidbits From TNT" Monday 9-19-2022

TNT:

CandyKisses:  The disappearance of "large" sums topples the Iraqi tax director and other officials

An official source in the Iraqi Ministry of Finance revealed, on Monday, that the director of the Tax Authority and his assistant and a number of directors have been exempted due to the disappearance of large sums of money from tax revenues.

The source told Shafaq News Agency, "An investigation was opened due to the disappearance of large sums of revenue from the General Tax Authority, and as a result, the director general of the authority, his assistant and a number of department managers in the authority were exempted."

He added, "During the next few days, arrest warrants will be issued against a number of persons and officials involved in this file, including officials in the tax authority."

The source confirmed that "the investigation is still ongoing by specialized committees from the Ministry of Finance, the Integrity Commission and the Financial Supervision Bureau."

And circulated news, whose accuracy could not be confirmed by Shafak News, that the amounts under investigation for its disappearance amounted to 800 million dollars.

Tishwash:  Iraq is waiting for a new financial crisis before the end of this year

The country needs to legislate an emergency law to replace the budget

On the Iraqi scene, the budget crisis, whose political obstruction led to its failure to legislate for the year 2022 and its replacement by the Emergency Food Security Support Law, with the aim of continuing the work of the state and meeting the requirements and needs of Iraqi citizens in various fields, appears once again on the Iraqi scene.

The Iraqi parliament voted in early June on the emergency food security support law, whose expenditures were set at 25 trillion Iraqi dinars (17 billion dollars) to be an alternative to the 2022 budget after the failure of the political blocs to form a new government that would have full powers to pass laws, including the budget.

budget alternative

In light of the continuing political stalemate and the inability to form a new Iraqi government, and the Sadrist movement’s demand to dissolve parliament and organize early elections, the budget legislation, according to followers, “has become impossible,” and therefore the possible alternative is emergency food support that may see the light before the end of the current year to manage the affairs of the Iraqi state and its citizens until a new government is formed.

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, believes that it is not possible to approve a general budget in the country without the presence of an elected government, while he suggested the possibility that the Federal Court would issue a legal opinion on this matter, and said that “the legal path in preparing the budget of the Republic of Iraq was organized in accordance with the provisions of the chapter. The third of the amended Federal Financial Management Law No. 6 of 2019, indicating that Article 11 of the law clearly and explicitly states the following: “The Council of Ministers shall discuss, approve and submit the draft federal budget law to the House of Representatives before mid-October (October) from every year".

Federal Fatwa

Saleh added that it is not possible to approve a general budget for the country without the presence of an elected government that submits it to the legislative authority to issue the federal general budget law, expecting that the Federal Supreme Court will enter through a fatwa with a legal exit because it is the highest legal authority in the country.

EXCLUSIVE POWERS

The financial advisor to the Prime Minister continued that Article 80 of the constitution clearly indicates that the general budget is submitted exclusively by the authority, explaining that Article 62 of the constitution explicitly stipulates that the Council of Ministers submits the budget bill and final accounts to the House of Representatives.

legal conflict

He considered that Article 60 of the Constitution contradicts the text of Article 60/Second of the Constitution itself, which authorized 10 members of the House of Representatives or one of the Council’s competent committees to submit a proposed law for legislation similar to what happened in the legislation of the Emergency Law for Food Security and Development No. 2 of 2022 (provided that it does not It includes financial burdens), pointing out that it is possible for the executive authority to challenge it before the Federal Court if it is elected and with full powers.

And Saleh indicated that "due to the exceptional circumstance we live in with the presence of a daily caretaker government, we will have an experience that the country has not previously witnessed in legislation that carries financial burdens submitted by Parliament based on the provisions of Article 60 / Second of the Constitution."

within weeks

For his part, MP Ahmed Al-Haj Rasheed said that "the draft budget law should be approved by the Council of Ministers on September 15, and it should reach the House of Representatives on October 10 to be voted on before the end of the year."

There are no permissions

He declared that the current government does not have the authority to approve the budget, as it is a caretaker government, which lacks powers and cannot send bills to Parliament for approval.

He added that not approving the budget this year will mean resorting to the financial management law at a ratio of one to 12 from the previous year, indicating that this means relying on the operational expenditure mechanisms for the year 2021 as a measure in the next exchange.

Legal difficulties

Rashid explained that it is difficult to legislate another emergency support law because there is no legal document to refer to in this case, noting that the law on emergency support for food security has a specific time limit with clear paragraphs and cannot be reproduced again, and pointed out that the budget law is one of the important laws considering the financial plan For the government starting from the first of January of each year, indicating that no time has been set for legislating the budget law, and the House of Representatives can vote on it at any time when the bill reaches it.

other legislation

While the legal expert Ali Al-Tamimi indicated the possibility of legislating an emergency law for food security and development, provided that the government did not challenge it, and said that “the legislation of the Emergency Support Law No. To avoid appealing the draft law, according to Federal Court Decision No. 21 of 2015, which necessitated the introduction of financial bills from the government.

Avoid appeal

The House of Representatives voted on this law when enacting it with a proposal from one of the committees to avoid being challenged by others because the current government is a caretaker government and is not entitled to send bills in accordance with Federal Court decision 121 of 2022, according to Al-Tamimi, who indicated that the appellant should have an interest in The appeal is in accordance with Articles 1 to 7 of the Pleadings Law, and 20 of the Federal Supreme Court system, which means that the court enters into the Council of Ministers a third party to the case, who will refrain from objecting to the law because it agreed in principle.

He considered that the legislation of this law was correct and expected that the Federal Court would reject any case against him, even if the final decision belongs to this court  link

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

Littleman:  "YESTERDAY" is history, "TOMORROW" is a mystery, but "TODAY" is a gift...That's why it's called the "PRESENT!"

Littleman: Please folks say some prayers for our country and the world. We need it.

CandyKisses:  The source said in an interview with "Mawazine News" that "political forces, including the Sadrist movement and Sunni forces, are close to reaching an agreement to keep Al-Kazemi as prime minister."

Maggie:  Sounds like good news if any of it is true. Not much truth in ANY news source these days.

RVAlready: I think the reality is Iraq must fix their problem, or the UN will do it for them. And the international community is in no mood to wait.

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

Tishwash:  A "violent" missile attack on the largest US military base in Syria

Arab media reported, on Sunday evening, that the largest US army base in one of the largest Syrian oil fields was subjected to a violent missile attack.

The Russian "Sputnik" news agency quoted a local source as saying that "the missile attack targeted the American base in the Green Zone inside the Al-Omar oil field, where sensitive sites were targeted, and the sounds of explosions were heard inside the American base."

The source stated, "Smoke and flames rose from inside the field, and ambulances and firefighters rushed into the field, while the American forces flew their war and reconnaissance aircraft over the Al-Omar field and the surrounding area."

So far, there have been no reports of injuries among the American soldiers residing in the residential city of Haql Al-Omar.

It is noteworthy that the American base had been subjected to a similar attack a few days ago, where the damage was limited to material only, according to Syrian media outlets.

Mot:  ........ IRONY defined! ~~~~

Mot: ... Being Pet Friendly Goes just So Far I guess! ~~~~

Here's the Full Schedule for Queen Elizabeth II's Funeral and What to Expect

Here's the Full Schedule for Queen Elizabeth II's Funeral and What to Expect

Julia Zorthian   Fri, September 16, 2022

Queen of the United Kingdom, Canada, Australia, and New Zealand

BRITAIN-ROYALS-QUEEN-DEATH

Britain's Prince Andrew, Duke of York (front) mount a vigil with siblings around the coffin of Queen Elizabeth II, draped in the Royal Standard with the Imperial State Crown and the Sovereign's orb and sceptre, lying in state on the catafalque in Westminster Hall, at the Palace of Westminster in London on September 16, 2022, ahead of her funeral on Monday. - Queen Elizabeth II will lie in state in Westminster Hall inside the Palace of Westminster, until 0530 GMT on September 19, a few hours before her funeral, with huge queues expected to file past her coffin to pay their respects. (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images) Credit - POOL/AFP via Getty Images

The ten days of public mourning following the death of Queen Elizabeth II will end on Monday, Sept. 19 with a full day of funeral proceedings, which begin in London and end in Windsor, where she will be laid to rest.

Queen Elizabeth II’s funeral at Westminster Abbey will be attended by world leaders, including President Joe Biden and First Lady Jill Biden, and representatives from across the Commonwealth of Nations—most of which were part of the former British Empire.

Guests will convene for the ceremony at 11 a.m. London time, which will culminate in two minutes of silence for the Queen across the U.K. and the playing of “God Save the King”—a change after 70 years of “God Save the Queen.”

Processions through the streets of London, and then to the royal residence at Windsor, will also take place until Queen Elizabeth II is laid to rest that evening at St. George’s Chapel on the grounds of Windsor Castle.

Monday is a holiday across the U.K., with many businesses and schools closed so citizens can watch broadcasts of the events, which start at 4 a.m. and extend past 7:30 p.m.

Globally, millions are expected to view the coverage of the ceremony at Westminster Abbey, where Elizabeth married Prince Philip and had her coronation. This will be the first funeral for a British monarch to take place at the Abbey since the 18th century, and the first time cameras will be allowed inside any funeral ceremony for a British monarch.

Here is the schedule for Queen Elizabeth II’s funeral, along with details of what to expect.

You can watch the funeral live on time.com.

Order Of Events

6:30 a.m. (1:30 a.m. ET): The doors of Westminster Hall at the House of Parliament, where Queen Elizabeth II has been lying in state, close to the public

10:44 a.m. (5:44 a.m. ET): The royal procession leaves from the Palace of Westminster to Westminster Abbey. The state gun carriage will carry Queen Elizabeth II’s coffin, accompanied by musicians such as the band of royal marines, and the path will be lined with members of the royal navy and royal marines. Members of the royal family, including King Charles III and Prince William, will follow behind the carriage.

10:52 a.m. (5:52 a.m. ET): Queen Elizabeth II’s coffin arrives at the gates of Westminster Abbey and is carried inside

11 a.m. (6 a.m. ET): The ceremony begins, led by Dean of Westminster David Hoyle, and will include readings and prayers by political and religious leaders including the new U.K. Prime Minister Liz Truss.

11:55 a.m. (6:55 a.m. ET): There are two minutes of silence within the Abbey and across the U.K.

Noon (7 a.m. ET): The funeral ends with reveille, the U.K. national anthem (“God Save the King”), and a lament by the queen’s piper. The coffin will go on another procession through the streets of London as Big Ben tolls continuously.

1 p.m. (8 a.m. ET): The coffin arrives at Wellington Arch in London, where it is loaded into a hearse. From here, the royal family departs for Windsor Castle, which is about 20 miles west of Buckingham Palace.

3:06 p.m. (10:06 a.m. ET): The state hearse arrives in Windsor, where it will join a procession heading up Albert Road. The King and other members of the royal family will join the path on foot to St. George’s Chapel roughly thirty minutes later.

4 p.m. (11 a.m. ET): The Committal Service begins at St. George’s Chapel, conducted by the Dean of Windsor and ending with a blessing from the Archbishop of Canterbury.

7:30 p.m. (2:30 p.m. ET): Queen Elizabeth II is laid to rest in a private ceremony in King George VI Memorial Chapel at Windsor Castle. She will be buried with her late husband, Prince Philip.

Which Members Of The Royal Family Will Be Involved?

Members of the royal family and King Charles III’s household are scheduled to have roles throughout the day, though not all details of where and how each royal will be involved are public.

In some specific instances, the palace has detailed the moments in which King Charles III, Prince William, Princess Catherine, Prince Harry, and Meghan Markle will take part in the proceedings. Viewers can expect to see members of the royal family including King Charles III and Prince William in his role as heir apparent and Duke of Wales immediately following the casket as it sets off from Westminster Hall.

Following the funeral at Westminster Abbey, a group including King Charles III, Queen Consort Camilla, William, Kate, Harry, Meghan, Princess Sophie and other members of the family will follow the coffin on foot to Wellington Arch. This group will then join the official procession by car to Windsor.

Who Will Attend?

Westminster Abbey has roughly 2,000 seats to accommodate the extensive list of those who will pay their respects to Queen Elizabeth in person.

The royal family itself has not released a list of attendees, but many heads of state and other dignitaries have voiced their plans to attend the Westminster Abbey ceremony on the 19th. The Bidenssaid they will be there, along with the leaders of Italy, Japan, Germany, New Zealand, Canada, Kenya, and Australia, among others.

Numerous royal family members, including Queen Elizabeth II’s children Princess Anne, Prince Andrew, and Prince Edward, will also populate the pews of the Abbey. A long list of royals from other European countries will be there, too, including King Felipe VI and Queen Letizia of Spain, Carl XVI Gustav of Sweden, King Willem-Alexander and Queen Maxima of the Netherlands, King Harald V of Norway and King Philippe and Queen Mathilde of Belgium.

Representatives from all parts of the Commonwealth are scheduled to attend, along with people that the Queen included on her annual honor’s list this past year, which celebrates outstanding citizens and community leaders.

How to Watch

Stateside, several network news and cable news channels will air the funeral ceremony live at 6 a.m. ET, so viewers can tune into their choice of ABC, BBC America, C-SPAN, CNN, Fox News, NBC and PBS for the event. In the U.K., BBC One, BBC News and Sky News will all run a full day of coverage.

Time.com will also livestream the event.

The BBC will livestream its coverage for free globally, as will ITV News and Sky News, so those with internet access can view on their sites or on Youtube. News outlets across the world will also broadcast feeds: for example, Canadian viewers can tune in to CBC, and ABC News in Australia will run the program.

https://news.yahoo.com/heres-full-schedule-queen-elizabeth-201335369.html

Sunday Evening Iraq Parliament News Highlights 9-18-22

Sunday Evening Iraq Parliament News Highlights 9-18-22

Iran Refuses To Exclude The Sadrist Movement From Forming The Next Iraqi Government

Shafaq News/ The representative of the Kurdistan Regional Government in Tehran, Nazem al-Dabbagh, revealed on Sunday, Iran's refusal to exclude the leader of the Sadrist movement, Muqtada al-Sadr from forming the next Iraqi government.

Al-Dabbagh said, in a statement to the Iranian satellite channel "Al-Alam" today, that "Iran supports the formation of a government that includes all Iraqi political parties without excluding anyone."

He added that "the Iranians do not want the Kurds to stand with a Shiite party to exclude other parties, and they are always insisting on forming a government that includes all parties," noting that "the Iranians do not support anyone, especially if he wants to create problems for the next government in Iraq."

Al-Dabbagh also pointed out that "Tehran is looking for agreement and consensus with the participation of all parties capable of forming the Iraqi government, including Muqtada al-Sadr."

The political scene in Iraq has undergone a dangerous turn since the supporters of the Sadrist movement led by the prominent Shiite cleric Muqtada al-Sadr stormed the parliament building in the fortified Green Zone in central Baghdad, and protested against Al-Sudani’s nomination for the position of prime minister of the next federal government, and withdrew from it by order of their leader after an armed clash With the security forces and elements of the armed factions.

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

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

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

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

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

Between Escalation And Calm.. Iraqis Await What The Political Process Will Lead To After The End Of The Fortieth Visit

Shafaq News/ The political circles in Iraq are awaiting the stage that follows the fortieth visit, amid expectations that it will be "decisive" in ending crises or exacerbating them, based on the direction of the leaders of the political blocs either to calm or escalate.

It is expected that the coming days will witness "shuttle movements between the political parties in order to reach a solution, given that the Iraqi constitution and what was issued by the Federal Court - rejecting the case for dissolving Parliament - sounded the bell for political blocs to form a government and resume the work of Parliament sessions," according to a member of the House of Representatives. Al-Iraqi, Waad Qaddo.

In his speech to Shafak News Agency, Qaddo called for the Presidency of the House of Representatives and the political blocs to "the necessity of resuming the work of the House of Representatives to take its oversight and legislative role, otherwise the country will go towards the unknown, and to a situation with unimaginable consequences."

He cautioned against the danger of disrupting the work of Parliament, and said, "Some government institutions have begun to transgress the law, especially during the last period, due to the legislative and constitutional vacuum and the political blockage that Iraq is going through. Therefore, the House of Representatives must take its oversight role in fighting corruption and spoilers."

About 190 deputies in the Iraqi parliament demand the return of the parliament sessions, after collecting signatures in this regard and submitting them to the Speaker of the House of Representatives, Muhammad al-Halbousi. It is also expected that a parliamentary session will be held in the period ranging from 20-25 of this month, but nothing will happen “According to the political analyst, Shara was raised.

In his speech to Shafak News Agency, Al-Shara attributed his expectation to "the lack of consensus between the political blocs, as the political stubbornness continues, and this is reflected in the performance of the House of Representatives, because the parliament member is not free by his decision, but rather is managed according to the head of his bloc or party, and what confirms this." It is the resignation of 73 deputies from the Sadrist bloc at the request of their leader Muqtada al-Sadr."

The political analyst rules out the crystallization of a unified position during the current period, and adds, "Despite the fact that everyone knows the seriousness of the situation in the event of an escalation, there are those who provoke mass demonstrations, and at the same time some religious movements and parties may shirk their responsibilities towards what will happen, and I do not single out that." Only Shiites, but even Sunnis and Kurds," he said, noting that "the Kurds have parliamentary elections after months, as they see that they are not interested in ending the crises, if the Shiite and Sunni blocs insist on their positions."

Al-Shara expects, “There will be movement within the next 48 or 72 hours to calm the situation, through the head of the Al-Fateh Alliance, Hadi Al-Amiri, representing the Shiites, the Speaker of Parliament, Muhammad Al-Halbousi, representing the Sunnis, and the President of the Kurdistan Region, Nechirvan Barzani, representing the Kurds, to Al-Hananah and meeting the leader of the movement.” Al-Sadr, Muqtada Al-Sadr, to persuade him to participate in the dialogues that will take place during the coming period.

In the opinion of the political analyst, "everyone agrees to hold new elections, but the dispute is over who leads the government that will prepare for the next elections," noting that "the current situation is dangerous, and everyone is waiting for what events will unfold after the forty days of Imam Hussein, so all parties must make concessions. and start in-depth conversations.

Citizens express their astonishment at the non-interference of independent representatives and Kurdish political bodies, as well as minorities, to pressure to form a government, according to Citizenship Ward Ali, who hopes to resolve the dispute in the coming days, whether by proceeding with forming a government or dissolving parliament.

And Ward, from Maysan Governorate, believes that "the re-election will not lead to anything, for example, the October demonstrations called for elections, but in the end there was no change, and the situation continued as it was, if not worse."   LINK

Barzani Arrives In London To Participate In The Funeral Of The Late Queen

political| 03:08 - 09/18/2022      Baghdad - Mawazine News  The President of the Kurdistan Region, Nechirvan Barzani, arrived in the British capital, London, to participate in the funeral of the late Queen Elizabeth.

And the media office of the Presidency of the Region stated in a statement that Mawazine News received a copy of it, that "in response to an official invitation from the British government to participate in the farewell ceremony of Queen Elizabeth II, the President of the Kurdistan Region arrived in the British capital, London."

He added, "Barzani will participate, along with leaders and leaders of world countries, in the farewell ceremony of the late Queen of the United Kingdom, and will attend seminars and meetings that will be held over the two days designated for these official ceremonies." https://www.mawazin.net/Details.aspx?jimare=205787

Al-Kazemi Receives An Official Invitation To Participate In The Arab Summit

Political | 02:08 - 09/18/2022   Baghdad - Mawazine News, Prime Minister Mustafa Al-Kazemi received, today, Sunday, an invitation to participate in the Arab summit to be held in Algeria.

The media office of the Prime Minister stated, in a statement received by Mawazine News, that "Al-Kazemi received the envoy of the Algerian President, Minister of Justice, Abdul Rashid Tabbi, and the accompanying delegation."

The statement stated, "The guest minister conveyed to the Prime Minister the invitation of Algerian President Abdelmadjid Tebboune to participate in the Arab summit to be held in Algeria next November."

Al-Kazemi stressed, "Iraq's keenness to make the summit a success and actively participate in its work, expressing Iraq's aspiration that this summit will play a key role in strengthening the Arab ranks and the unified position on its fateful issues, foremost of which is the Palestinian cause."

The Prime Minister praised "the historical relations between Iraq and Algeria, and the desire to develop them in various fields," stressing "Iraq's aspiration to convene the joint ministerial committee between the two countries soon, and to strengthen bilateral work for the benefit of the two brotherly peoples." https://www.mawazin.net/Details.aspx?jimare=205782

The Frame Knocks On The Doors Of “Al-Hanana” And The Current Welcomes The Upcoming Meeting[/Size]

Political | 01:46 - 09/18/2022  Special - Mawazine News, MP Mahma Khalil clarified, today, Sunday, about the news circulating regarding Al-Sadr's approval to meet with a delegation of various political forces headed by Al-Amiri.

Khalil said in an exclusive interview with "Mawazine News", "The news and leaks confirmed Al-Sadr's agreement to meet the tripartite political delegation headed by Al-Amiri," noting that discussions and political consultations are continuing between the parties,

and that "no session can be held without the delegation's visit to Al-Sadr ." And all the files will remain suspended without the tripartite delegation visiting Hananah.” Ended 29 / AD 99

https://www.mawazin.net/Details.aspx?jimare=205781

The framework sends messages to Al-Sadr about the session after forty, and suggests a date for the elections

Political | 07:42 - 09/17/2022   Special - Mawazine News   The coordination framework sent, on Saturday, reassuring messages to the leader of the Sadrist movement, Muqtada al-Sadr regarding the outcomes of the parliamentary session that it intends to hold soon.

And the representative of the framework, Ali Al-Jamali, confirmed in an exclusive interview with the agency (Mawazine News), that the coordinating framework seeks that the next session of the House of Representatives not be sham.

Al-Jamali indicated that there are messages and reassurances from the leader of the Sadrist movement, Muqtada al-Sadr, regarding matters related to amending the electoral law, most notably setting a date for early elections from one to two years.

He added that the demand of the Sadrist movement is to hold early elections, while the main demand of the rest of the blocs is to amend the election law, as well as the existence of mutual requests and satisfaction may be a solution for all political parties. Ended 29/R77   https://www.mawazin.net/Details.aspx?jimare=205735

Sadr's New Tweet About His Popular Bases

Political | 01:31 - 09/18/2022   Baghdad - Mawazine News, today, Sunday, the leader of the Sadrist movement, Muqtada al-Sadr, praised his popular bases.

Al-Sadr said in a tweet followed by "Mawazine News", "I am very proud and honored that God has blessed me with the love of the popular bases, and made them the best signs of visible obedience, so that they do not deviate from orders and prohibitions."

And he added, "I ask God Almighty to make me steadfast in their love and service, and to make us and them follow the path of the righteous fathers and grandfathers, and to (peace and blessings) and to protect them from all harm." Ended 29/M 99   https://www.mawazin.net/Details.aspx?jimare=205780

Victory: A Violent And Immoral Attack On Al-Abadi Because Of His Initiatives

Political | 06:50 - 09/17/2022   Baghdad - Mawazine News, the victory coalition confirmed, that it is still with a political settlement that includes the coordination framework, the Sadrist movement and the national forces, while referring to an immoral attack on its president, Haider al-Abadi.

"Victory was and still is with the launch of a serious and responsible dialogue to resolve the political impasse, leading to a political settlement that includes the current, the framework and the rest of the national forces, and as a constitutional national solution that organizes the transitional phase," Ahmed Al-Wondi, spokesman for the Victory Coalition, said in a statement received by Mawazine News. for fair and early elections.

He added, "The serious and balanced initiatives that Al-Abadi put forward have annoyed some who live on crises, and that is why we see a violent and immoral attack by the electronic armies of the enemies of solutions and crisis makers, and that Al-Nasr knows its motives and who stands behind it, and its political ethics refuse to respond to it, and that the most important thing is that Al-Abadi has victory, and victory is to resolve the crisis and get the country out of the path of no solution, in the service of the interests of the people and the state.” Ended 29 / h        https://www.mawazin.net/Details.aspx?jimare=205729

Coordination Framework: Parliament Obstruction Obstructed Legislation About 20 Laws Of Interest To Citizens

Political | 07:30 - 17/09/2022    Baghdad - Mawazine News, the representative of the Al-Sadiquon bloc, which is affiliated with the coordination framework, Ahmed Al-Moussawi confirmed, today, Saturday, that important laws are being enacted by the Iraqi parliament, while noting that its disruption impeded the legislation of about 20 important laws.

Al-Moussawi said, according to his bloc's media, that "the House of Representatives will witness in the coming days, with the return of the parliament's sessions, the legislation of a number of important laws whose legislation has been delayed due to the disruption of supervisory and legislative work."

He added, "There are approximately 20 laws that need legislation, especially since there is a parliamentary consensus to legislate these laws with the start of Parliament sessions." Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=205733

Al-Maliki: I Call For Opening A Blank Page With Everyone To Reach Safety

Political | 06:23 - 09/17/2022   Baghdad - Mawazine News  The Secretary-General of the Islamic Dawa Party, Nuri al-Maliki, called on Saturday to open a blank page with everyone to reach safety.

Al-Maliki said in a statement received by Mawazine News, "While we extend our sincere condolences to the Iraqi people, lovers of the family and visitors to the Qiblah of the Liberals, Abi Abdullah Al-Hussein, peace be upon him, from all the peoples of the world, we extend our heartfelt thanks to the servants of Imam Hussein, peace be upon him, from the owners of service processions.

And the consolations who provided great services to the honorable visitors gave Iraq the characteristic of the most honorable people among the peoples."

And he continued, "We must also salute the security forces from the army, the police, and the popular crowd, who performed their duty with dedication and sincerity to preserve the pilgrimage and the pilgrims of the Imam, peace be upon him, from any security breach, and they are still stationed until the end of the visit and the return of all visitors to their cities and countries."

We also commend the great efforts made by the shrines. The holy, governorates, and ministries by providing all the requirements for the success of the fortieth visit, which has become a pride and a landmark through which Iraq is referred to as the largest human gathering to be reunited with the master of martyrs to commemorate his memory every year.

He added, " Al-Maliki indicated, "On this painful anniversary, I can only sincerely pray to God to preserve Iraq and its people and to unite our efforts to serve and uphold the word of truth and to open a blank page with everyone in order to reach safety, united in the service of our country, to restore to Iraq its prestige and strength."

He concluded, "We ask God to accept their obedience from the visitors and to preserve Iraq and the Iraqis so that the epic of Karbala, the epic of martyrdom, heroism and redemption, continues, and Muslims continue to pilgrimage to the shrine of martyrdom that triumphed over the sword, treachery, crime and rebellion against the sacred Sharia." Ended 29/R77     https://www.mawazin.net/Details.aspx?jimare=205726

Barzani Tweets On The Occasion Of Arbaeen: Iraq Desperately Needs Those Values

Political | 03:06 - 09/17/2022  Baghdad - Mawazine News, Prime Minister of the Kurdistan Regional Government, Nechirvan Barzani, stressed that Iraq is in dire need of the values ​​of the fortieth anniversary to consolidate peace among its sects.

Barzani said in a tweet via Twitter and followed by / Mawazine News / a copy of it, "The remembrance of the fortieth anniversary of Imam Hussein (peace be upon him) is to inspire the lessons of sacrifice and nobility in order to uphold the word of truth, and Iraq today is in dire need of those values ​​and valuable lessons to consolidate the principles of tolerance, coexistence and peace between All spectrums for a better life for our people and a bright future for our generations." https://www.mawazin.net/Details.aspx?jimare=205705]

Sunday Evening Iraq Economic News Highlights 9-18-22

Sunday Evening Iraq Economic News Highlights 9-18-22

Parliamentary Finance Comments On The Exit Of The Food Security Law By The End Of 2022

Time: 09/18/2022    {Economic: Al Furat News} Parliamentary Finance clarified, on Sunday, that the Food Security Law will be out of force by the end of 2022, indicating that the next government will implement the security provisions in accordance with the law.

Jamal Cougar, a member of the Parliamentary Finance Committee, told {Euphrates News}, "With regard to the exit of the emergency support law for food security and development at the end of the current year, the law is divided into two parts. The next government will implement these clauses in accordance with the law."

"There are assignments in the law that need to be spent on procedures and completion of transactions related to those assignments, and this is what caused the delay in completing the paragraphs that need administrative measures."      From.. Raghad Daham   https://alforatnews.iq/

Document .. The Iraqi Ministry Of Oil Increases The Price Of Gas Supplied To Cars

2022-09-18 03:50   Shafaq News/ The Ministry of Oil decided to raise the price of gas supplied to cars to 300 dinars, after it was 200 dinars per liter.

It also decided, according to a document issued by the ministry, to raise the prices of installing the gas system for cars, starting next month.   LINK

The Federal Court Sets September 21 As The Date For Issuing A Decision Regarding The Formation Of The Iraqi Oil Company

LINK

Electricity Says It Has Achieved Unprecedented Energy Production

Electricity says it has achieved unprecedented energy production Calendar 2022/09/18

Views 22     Baghdad / Al-Mawrid News   Today, Sunday, the Ministry of Electricity announced the registration of an unprecedented production of electrical energy exceeding 24047 megawatts.

A statement by the ministry stated that "its national staff, under the direct supervision of the Minister of Electricity, Adel Karim, achieved an unprecedented production of the electric power system, which reached 24047 megawatts, which is the highest production load that the system has reached since its establishment, and that there is high and remarkable stability to equip citizens with electricity."

The ministry added, according to its statement, "We worked hard and started reaping the fruits of the efforts of our working staff, who worked day and night, despite security, economic and financial challenges, and the decline and rise of national gas and resource emissions, and despite a health pandemic in which the heroes of the Ministry of Health were the first blocking line, and our angels were (first service line). ), to sustain the momentum of work and serve the citizens.

And he continued, "There is a permanently held operations room that has not left its meetings for months, and with direct supervision, follow-ups and field tours from the Minister of Electricity and Advanced Staff, high coordination with the central government, and great support from Prime Minister Mustafa Al-Kazemi, the Mujahideen and heroes of the Ministry of Electricity continue their work to increase production and introduce Transmission lines to achieve sufficient availability that was not achieved before, rehabilitation of the distribution sector and an increase in the number of fixed and mobile substations.

She pointed out that "today, it achieved the highest production of the Iraqi electrical system since the date of its establishment, and with high stability," noting that "in the event of budgets being available, we would have implemented the short ceiling of the ministry's plan within one year, which was going by increasing and adding seven thousand new megawatts."

She pointed out that "it is hoped (in the coming days) to achieve a higher increase in production by introducing a number of stations and production units to be more than 1,000 new megawatts, by adding the Salah al-Din Thermal Power Plant, Rumaila Compound, Maysan Compound, and Shatt al-Basra."

It affirmed the continuation of its plans to introduce combined cycles and cooling systems in all gas stations, in addition to proceeding with projects of solar power plants, waste recycling, and electrical interconnection projects, which will achieve high reliability and great stability for the electrical network.

https://almawrid.news/contents/view/details?id=54547

It sent senior officials.. Italy reassures the stages of building the "largest" churches of the Middle East in southern Iraq

Shafaq News/ The Inspectorate of Antiquities and Heritage of Dhi Qar announced on Sunday the reasons for the high-level Italian delegation's visit to the governorate, indicating that the visit will last for two days.

Director of Antiquities Shamil Al-Rumaid told Shafaq News Agency, "The Italian delegation consists of the Italian ambassador in Iraq, the Italian Undersecretary of the Ministry of Culture, and the Director General of the Italian Ministry of Culture, and the purpose of the visit is to support the rebuilding of the infrastructure of the governorate's antiquities."

And he indicated that "the delegation will continue its visit for two days, to be interspersed with an overnight stay in Basra Governorate."

Al-Rumaidh explained that "on the first day of its visit, the delegation was briefed on Ur's historical ziggurat, the tourist city and the stages of building the largest church in the Middle East in Dhi Qar Governorate. In the afternoon, it will visit the ancient city of Eridu, where one of the Italian missions will excavate in the third season."

He explained that "the delegation will leave the province in the evening towards Basra province to stay there, and will return tomorrow morning to visit the ancient city of Al-Warka in the Muthanna province, then the Archaeological Museum in the province and then leave for the capital, Baghdad."

Al-Rumaid added, "Dhi Qar will receive two archaeological missions during the coming period, from America to excavate in Ur, and from Britain to excavate in the city after the archaeological site in Al-Nasr District, north of the province."

For his part, the Italian Ambassador, Maurizio Cricante, said in a press conference attended by Shafak News Agency, that "Iraq has civilized and cultural landmarks as it exists in Italy, and that the latter has great experience in the field of reconserving antiquities and has provided wonderful services in Iraq since 2003 until now." As it was able to provide this country with 30 archaeological excavations, as well as other works in the country's national museums.   LINK

The Conclusion Of A Joint Iraqi-Syrian Conference On The Water Crisis And Climate Change

Shafaq News/ The activities of the joint Iraqi-Syrian bilateral meeting on launching the ninth edition of the International Hydrological Program concluded in the Syrian capital, Damascus.

The Iraqi Ministry of Water Resources stated, in a statement received by Shafaq News Agency, that the conference was chaired by Minister Mahdi Rashid Al-Hamdani, Syrian Minister of Water Resources Tammam Raad, and attended by the technical agent authorized with the powers of the Iraqi Minister of Environment Jassem Abdul Aziz Al-Falahi, and the Iraqi charge d'affaires in Damascus Yassin Sharif.

Emphasizing during the closing speeches delivered by the ministers the necessity of continuing joint action to reach the desired results, joint coordination and unification of positions to obtain the two countries’ water rights in light of the lack of water revenues and climate changes in a manner that meets the two countries’ water requirements and ensures the well-being of their peoples.

The meeting concluded with the signing of joint minutes between the two sides, the most important of which included the implementation of integrated management of water resources, achieving sustainable development goals, harnessing technology, science and research, and confronting the extreme effects of climate.

The meeting agreed that the second meeting of the program will be held in the capital, Baghdad, in the near future, according to the statement.   LINK

Iraq Increases Its Holdings Of US Bonds By More Than 2.5 Billion Dollars

Shafaq News/ The US Treasury announced, on Sunday, that Iraq increased its holdings of US bonds to more than 2.5 billion dollars during the month of July.

The Treasury said in its latest schedule, seen by Shafak News Agency, that "Iraq's possession of US Treasury bonds for the month of July of 2022 increased by 2.622 billion dollars, or 8.2%, to reach 34.587 billion dollars, after it was 31.965 billion dollars in the month of June," indicating That "these bonds rose from the same month last year 2021, when Iraq's possession of bonds amounted to 19 billion dollars."

She added that "Iraqi bonds, including long-term guarantees amounting to 14.149 billion dollars and short-term guarantees amounting to 20.393 billion dollars," noting that these bonds represent 0.45% of the world's bonds.

In the Arab world, Saudi Arabia comes at the forefront of the most possessing countries, reaching 121.611 billion dollars, Kuwait comes second with 49.377 billion dollars, the UAE comes third with 41.315 billion dollars, then Iraq is fourth and Oman fifth with 6.996 billion dollars, then Morocco with 3.783 billion dollars.

She pointed out that "the largest holder of US bonds is Japan, with a value of 1,234.289 trillion dollars, followed by China, with 970.014 billion dollars, followed by the United Kingdom, with 634.628 billion dollars, and then Luxembourg with 304.218 billion dollars."    LINK

“Unprecedented” .. Electricity: Our Production Reached 24 Thousand And 47 Megawatts

Energy    Economy News _ Baghdad   On Sunday, the Ministry of Electricity announced that it had achieved an unprecedented production in energy savings, while noting that it had saved more than 24 thousand megawatts.

The ministry said in a statement, "Our national staff, under the direct supervision of the Minister of Electricity, Adel Karim, has achieved an unprecedented production of the electric power system, which reached 24047 megawatts, which is the highest production load that the system has reached since its establishment," noting that "there is high and remarkable stability to equip citizens with electricity." ".

And she added, "We worked hard and started reaping the fruits of the efforts of our working staff, who worked day and night, despite security, economic and financial challenges, and the decline and rise in national gas and resource emissions, and despite a health pandemic in which the heroes of the Ministry of Health were the first line of resistance, and our staff (first service line), to maintain momentum work and serve the citizens.

And she continued, "With a permanently held operations room, and a crisis cell that did not leave its meetings for months, and with direct supervision, follow-ups and field tours from the Minister of Electricity Adel Karim, the advanced staff, high coordination with the central government, and great support from Prime Minister Mustafa Al-Kazemi, the Mujahideen and Heroes of the Ministry Electricity has worked to increase production and introduce transmission lines to achieve sufficient availability that was not achieved before, qualify the distribution sector and increase the number of fixed and mobile transformer stations, in order to serve our great Iraq and our citizens.

She stated that "what the ministry has achieved is the highest production since the date of its establishment, and with high stability," pointing out that "if the budgets were available, we would have proceeded with implementing the short ceiling of the ministry's plan within one year, which was going to increase and add seven thousand new megawatts."

The ministry expected "to achieve a higher increase in production in the coming days by introducing a number of stations and production units to be more than 1,000 new megawatts, by adding the Salah Al-Din Thermal Power Plant, Al-Rumaila Compound, Maysan Al-Mosabah, and Shatt Al-Basra," pointing out that "we are proceeding."

Our plans to introduce combined cycles and cooling systems in all gas stations, in addition to proceeding with projects of solar power plants, waste recycling, and electrical interconnection projects, which will achieve high reliability and great stability for the electrical network.”

14 . views   Added 09/18/2022 - 3:13 PM  Update 09/18/2022 - 3:21 PM

https://economy-news.net/content.php?id=29757

Iraqi News Sunday Evening 9-18-22

Iraqi News Sunday Evening 9-18-22

Tlm724 Administrator Bondlady’s Corner

US Treasury: Iraq's Holdings Of US Bonds Increased To $34.587 Billion

Sunday 18 September 2022 11:37 | Economic Number of readings: 442  Baghdad / NINA / - The US Treasury announced today, Sunday, that Iraq increased its holdings of US bonds to more than 2.5 billion dollars during the month of July.

And it stated in its latest table: that Iraq's possession of US Treasury bonds for the month of July of 2022 increased by 2.622 billion dollars, or 8.2%, to reach 34.587 billion dollars, after it was 31.965 billion dollars in the month of June, indicating: that these bonds rose from the same The month of last year 2021, when Iraq's holdings of bonds amounted to $19 billion.

She added: The Iraqi bonds, including long-term guarantees amounting to 14.149 billion dollars and short-term guarantees amounting to 20.393 billion dollars, noting: These bonds represent 0.45% of the world's bonds.

In the Arab world, Saudi Arabia comes at the forefront of the most possessing countries, reaching 121.611 billion dollars, Kuwait second with 49.377 billion dollars, the UAE third with 41.315 billion dollars, and then Iraq fourth. Oman comes fifth with 6.996 billion dollars, then Morocco with 3.783 billion dollars.

She pointed out that the largest holder of US bonds is Japan, with a value of 1,234.289 trillion dollars, followed by China, with a value of 970,014 billion dollars, then the United Kingdom, with 634.628 billion dollars, and then Luxembourg, with 304.218 billion dollars./ https://ninanews.com/Website/News/Details?key=1000916

Because Of Suspicions Of Corruption Amounting To One Billion Dollars .. Exemption Of The Director General Of The Iraqi Tax Authority

Political | 07:32 - 09/18/2022   Baghdad - Mawazine News  , Minister of Finance, Ihsan Abdul-Jabbar Agency, issued an order to relieve the Director General of the General Authority for Taxes, Osama Husam Judeh, from his post.

According to a document obtained by Mawazine News, "the exemption came against the background of investigations with large sums of money, and the investigative committee will continue to investigate him."

An informed source said in an interview with "Mawazine News" that "the corruption cases that are being investigated amount to one billion dollars."    https://www.mawazin.net/Details.aspx?jimare=205808

The United Nations Mission In Iraq Confirms Its Intention To Continue Its Efforts In Support Of The Reconstruction Of Nineveh

Sunday 18 September 2022 12:01 | EconomicNumber of readings: 360  Mosul / NINA /- The United Nations Mission in Iraq affirmed its determination to continue its efforts in support of the reconstruction of Nineveh Governorate in various fields.

Nineveh Governor Najm al-Jubouri told the National Iraqi News Agency / NINA / that "the assistance of the UN envoy in Iraq confirmed during her visit to Nineveh Governorate that the mission will continue to support reconstruction in Nineveh in the education, health and other sectors,"

and added that "the local government in Nineveh commends the efforts of The UN mission to Iraq in the field of reconstruction support in the city of Mosul, stressing that “the United Nations worked as a key partner side by side with the administration of Nineveh Governorate in the areas of reconstruction.”/ End

https://ninanews.com/Website/News/Details?key=1000923

The Dollar Rises Against The Iraqi Dinar

Economie| 11:33 - 09/18/2022   Baghdad - Mawazine News, the exchange rates of the US dollar rose against the Iraqi dinar, today, Sunday, in the Iraqi markets.

And the selling prices recorded 148,500 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 147,500 Iraqi dinars per 100 US dollars.   https://www.mawazin.net/Details.aspx?jimare=205774

Iraq's Oil Exports To America Rise Within A Week

Economie| 09:03 - 09/18/2022   Follow-up - Mawazine News  , the US Energy Information Administration announced, on Sunday, that Iraq's oil exports to America increased to more than 340,000 barrels per day during the past week.

The administration said in a report, "The average US imports of crude oil during the past week from nine countries amounted to 5.235 million barrels per day, down by 547,000 barrels per day from the previous week, which amounted to 5.782 million barrels per day."

She added that "Iraq's oil exports to America amounted to an average of 343 thousand barrels per day last week, higher than the previous week, in which oil exports to America reached an average of 222 thousand barrels per day."

She also indicated that "most of America's oil revenues during the past week came from Canada, at a rate of 2.937 million barrels per day, followed by Mexico at a rate of 484,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 425,000 barrels per day, and then Colombia at a rate of 288,000 barrels per day." .

According to the administration, "the amount of US imports of crude oil from Brazil amounted to an average of 255 thousand barrels per day, from Nigeria at a rate of 232 thousand barrels per day, and from Ecuador at a rate of 199,000 barrels per day and from Trinidad and Tobago at an average of 72,000 barrels per day, while no amount was imported from Russia."      https://www.mawazin.net/Details.aspx?jimare=205764

Conscious / Iraq Ranks 47 Among The Largest Economies In The World

September 17, 2022       6 views   Conscious / Baghdad  Today, Saturday, an American economic report revealed that Iraq ranked 47th in the world and the fourth in the Arab world in the largest economies in 2022, while the first of the United States was the first in the world and Saudi Arabia at the Arab level.

"Iraq ranked 47th with the largest economies in 2022".

The magazine added that “the United States is largely the largest economy in the world for the year 2022 out of 100 countries listed in the table with a total number of 25.346 trillion US dollars,

followed by China in second place with a GDP of 19.919 trillion US dollars,

then Japan is a total local Banjah. It is 4.912 trillion US dollars,

and then Germany came fourth with a total local Banji of 4.256 trillion US dollars, while

India came fifth, a total local Banji of 3.534 trillion US dollars.

 And Arably, according to the magazine, “Saudi Arabia came first ranked 18th in the world with the largest GDP with 1.040 trillion US dollars,

followed by the United Arab Emirates second and ranked 32 globally and a local domestication of 501.354 million US dollars,

followed by third Egypt and 35th in the world, a local total of 435.621 One million US dollars,

followed by Iraq fourth, with 47th in the world and a total local Bengi of 297.341 million US dollars,

 and then Qatar came fifth and at 225.716 million US dollars.

The magazine pointed out that "Global GDP is approximately 94 trillion US dollars, and the United States constitutes more than one-fifth of this number alone," noting that "the world's fastest growing economies in the world are China, India and Brazil."   https://al-iraqinews.com/archives/291882

Iraq Raises Its Holdings Of US Bonds To 2.5 Billion Dollars Last July

695 Economie 2022/09/18 09:41   Baghdad today – Baghdad     Today, Sunday, the US Treasury announced that Iraq increased its holdings of US bonds to more than 2.5 billion dollars during the month of July.

The Treasury said in its latest schedule that it followed (Baghdad Today), that "Iraq's possession of US Treasury bonds for the month of July of 2022 increased by $2.622 billion, or by 8.2%, to reach $34.587 billion, after it was $31.965 billion in the month of June."

Indicating that "these bonds rose from the same month last year 2021, when Iraq's possession of bonds amounted to 19 billion dollars." 

She added that  "Iraqi bonds, including long-term guarantees amounting to 14.149 billion dollars and short-term guarantees amounting to 20.393 billion dollars,"  noting that these bonds represent 0.45% of the world's bonds.

In the Arab world, Saudi Arabia comes at the forefront of the most possessing countries, reaching 121.611 billion dollars,

Kuwait comes second with 49.377 billion dollars, the

UAE comes third with 41.315 billion dollars, then

Iraq fourth and

Oman fifth with 6.996 billion dollars, then

Morocco with 3.783 billion dollars. 

She pointed out that "the largest holder of US bonds is Japan, with a value of 1,234.289 trillion dollars,

followed by China, with 970.014 billion dollars,

followed by the United Kingdom, with 634.628 billion dollars,

and then Luxembourg with 304.218 billion dollars." 

  https://baghdadtoday.news/news/200875/العراق-يرفع-حيازته-للسند

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

https://www.bondladyscorner.com/

Sunday AM Iraq Parliament News Highlights 9-17-22

Sunday AM Iraq Parliament News Highlights 9-17-22

It has reached advanced stages” .. a new movement to form a government between 3 forces - urgent

Sumerian special  2022-09-17 | 05:25   Source:   Alsumaria news   11,273 views

Al-Hilali called on the political forces to "accelerate their steps towards resolving the crisis and completing what is required of them, pointing out that there is a serious and effective move led by the party and sovereignty with the coordination framework to resolve the crisis and end the file of forming the government, which has taken a long time."   LINK

Al-Fateh: The coordination framework continues to hold talks to form a new government[/size]

Iraq   18:16 - 09-17-2022  The leader of the Al-Fateh Alliance, Mahmoud Al-Hayani, confirmed today, Saturday, that the coordination framework is continuing in talks with the Sunni and Kurdish forces in order to agree on forming the next government.

Al-Hayani said, "Since the elections that took place eleven months ago, it has been striving with all political forces to move forward in forming a government," noting that "the framework wants to form a government with full powers that will be able to solve all the problems that have exacerbated during the current stage." .

He added, "All members of Parliament should seek to reconvene the sessions of Parliament, and this is what falls on their shoulders regarding the current political crisis."

He continued, "The gateway to resolving the current crisis and political blockage lies in holding parliament sessions in order to complete negotiations and consensus among all political blocs to facilitate the formation of the next government that the people are waiting for."

And many political forces called for the return of holding parliament sessions because of its importance in forming the next government, enacting laws, and following up and monitoring the performance of ministries and government agencies.    https://kirkuktv.net/AR/Details/8966

The President of the Republic discusses with the Algerian Minister of Justice the bilateral relations between the two countries

Iraq   12:09 - 2022-09-18   The President of the Republic, Dr. Barham Salih, received, at the Peace Palace in Baghdad, the Algerian Minister of Justice, Keeper of the Seals, and the Personal Envoy of the Algerian President, Abdelmadjid Tebboune.

At the beginning of the meeting, the Algerian Minister of Justice conveyed the greetings and appreciation of the Algerian President to the President of the Republic, Dr. Barham Salih, and handed him an official invitation to attend the Arab Summit to be organized in Algeria next November. Algeria, affirming the acceptance of the invitation to attend the summit, its support, active participation in it, and its success, as it is an important conference to unify efforts and promote joint Arab action.

During the meeting, they discussed bilateral relations between the two countries and the importance of working to strengthen them in various fields and joint coordination in a way that achieves common interests. Arab, regional and international issues of common interest were also discussed, and the importance of joint coordination was emphasized to ease the tensions of the region and end the existing crises in the region. Arabic. https://kirkuktv.net/AR/Details/8977

The Patriotic Union Of Kurdistan And The Kurdistan Democratic Party Reached An Agreement

Posted On2022-09-18 By Sotaliraq    The Patriotic Union and the Kurdistan Democratic Party reached an agreement to solve all outstanding problems between them, including the issue of the position of the President of the Republic and the file of the Kurdistan Region elections. The New Generation Movement intends to withdraw from the Parliament of the Kurdistan Region.

As for the Change Movement, it seeks to form the “Supreme Council of Kurdistan Political Parties,” and the Coordinating Framework candidate for the position of prime minister of the next government, Muhammad Shi`a al-Sudani, provides assurances to Barzani about the oil and gas file in the region.” The government will handle this issue with ease and ease.”

Joint negotiating team “Party and Yekiti”

Early last month, in Erbil, a meeting was held between the leader of the Kurdistan Democratic Party, Massoud Barzani, and the President of the Patriotic Union of Kurdistan, Bafel Talabani .

The meeting was launched in the presence of Qubad Talabani, Deputy Prime Minister of the Kurdistan Region, and Iraqi Foreign Minister Fouad Hussein. And the outstanding issues between them, and the team met a number of times far from the lights and the lenses of media cameras and journalists.

According to the information obtained by  Draw From informed sources and senior officials in both parties, “the joint team suggested the necessity of reaching an immediate and strategic agreement in order to resolve the outstanding problems between the two parties, and then conclude another long-term agreement similar to the strategic agreement that was concluded between Jalal Talabani and Massoud Barzani in 2005.”

The Patriotic Union of Kurdistan and the Kurdistan Democratic Party in Baghdad

The Kurdistan Democratic Party has decided to participate in the political process and form the next Iraqi government, the Democrat believes that moving away from the Iraqi political process will have a negative and direct impact on the government of Masrour Barzani, according to information  DrawLast week, out of the eyes of the media, a delegation from the coordination framework consisting of Faleh Al-Fayyad and Muhammad Shia Al-Sudani met individually with Masoud Barzani and Bafel Talabani, and the information indicated that,

“The delegation was able to persuade Barzani to participate in the next government, and for his part, Barzani told The delegation that (Al-Yekiti and Al-Party) will jointly participate in the Iraqi political process and the presidency of the republic, and regarding the Federal Court’s decision that the oil and gas law in the region is unconstitutional, the Sudanese leader of the Kurdistan Democratic Party promised to solve the issue with ease and ease to assume the position of prime minister and also promised to recover the oil money from abroad to the Kurdistan Region, and Al-Sudani told Barzani, “We will not allow this issue to affect the relations of Baghdad and Erbil .

That,” the leader of the Kurdistan Democratic Party, Massoud Barzani, has told the coordination framework delegation that he has no objection to the Yekiti candidate for the position of President of the Republic, and he has no red lines on any candidate for the position, even if he is (Barham Salih).

The information also indicated that the candidate for the position of President of the Republic was decided between Massoud Barzani and Bafel Talabani, but the picture is not yet clear who will be the joint candidate for the position, there is news indicating the nomination of (Lateef Rashid) as a joint candidate for the position.

The agreement between Al-Barti and Al-Yakiti has reached its final stages, but the two parties do not want to announce it officially, they are waiting for the end of the forty-year ceremony and the setting of a date for the parliament session, and there is news indicating that the two parties agreed to announce the details of the agreement at the beginning of next week.

Internal Problems

At the internal level, Al-Party and Al-Yakiti reached an agreement to solve the outstanding problems between them, including the issue of revenue consolidation, the salary crisis for Sulaymaniyah employees, and addressing the issue of the deficit in financing public sector salaries. As for the issue of the Kurdistan Regional Parliament elections, the information obtained by  Draw   indicates that, “there is an agreement between Yekiti and the Party to postpone the elections, and there are two proposals on this issue, either to postpone the elections and extend the parliament’s life for one year, or to postpone the holding of the elections to the date that is agreed upon.

On the internal level as well, there is information indicating the intention of the new generation’s movement to withdraw from the Kurdistan Regional Parliament before the end of the legal period for the current session, as the new generation considers the current parliament illegitimate and legal in the event of its extension after the end of the legal life of the session The current date is November 6th.

As for the Change Movement, it started making political moves to unify the political forces outside the framework of (Yekiti and Parti), according to the information. The coordinator of the movement (Omar Sayed Ali) made extensive contacts with other Kurdish political forces outside the two Kurdish parties and the New Generation Movement, to unite the ranks of the political forces with the aim of putting pressure on “Party and Yekiti.”

The Change Movement seeks to establish a (Supreme Council of the Kurdistan Political Parties), the purpose of forming this council is to unify the visions and unify the political decisions of these parties towards the crucial issues of the Kurdistan Region.   LINK

A consensus among the framework forces on a principle to address the problem of early elections

Iraq  13:41 - 09-18-2022  The leader in the coordination framework, Turki al-Atbi, revealed a consensus between the framework forces on a principle that addresses the problem of early elections.

Turki Al-Otabi said that some political forces are offering the option of going to early parliamentary elections to resolve the political blockage in the country, and this proposal has been discussed more than once in the coordination framework meetings during the past weeks.

He added, that there is consensus among the framework forces on a unified principle regarding the introduction of early elections, which includes submitting the request to the parliament sessions after their return and discussing them according to the approved tracks. A political bloc or alliance also needs legal cover.

He pointed out that even the next government will have a say in the file of early elections, which will cost the country's treasury from two hundred and fifty to three hundred million dollars and great efforts by the commission.   https://kirkuktv.net/AR/Details/8981

After The Forty... Will The Lock On The Political Blockage In Iraq Be Broken?

Sumerian special 2022-09-17 | 06:51   Source:  Alsumaria news   3,013 views   Calm atmosphere, cautious anticipation, and new alliances, the political process is witnessing a temporary “truce” on the occasion of the Arba’een visit of Imam Hussein (peace be upon him), whose banner the political parties gathered under its banner, and it may precede the great storm that will topple the cards of the political forces, and increase the blockage crisis, or it may serve as a The air breeze that will lead to the settlement of the issue of forming a government.

The code of the political process this time is very complicated. Will it be resolved by the framework alliances, or will it stick to Al-Sadr's position?

* A new political movement

The recent positions of the Kurdish and Sunni forces may precipitate a political breakthrough, especially since their views came in harmony with the coordination framework that seeks to form a new government, unlike its counterpart from the Shiite component. Sadrist Movement, which called and demanded a lot that Parliament should be dissolved.

For his part, Aid Al-Hilali, a member of the Al-Fateh Alliance, revealed the existence of a new movement and advanced understandings between the coordination framework and the Kurdistan Democratic Party And the Sovereignty Alliance to proceed with the formation of the government.

Al-Hilali said in an interview with Alsumaria news, that "there is a great movement between the political partners to proceed with the completion of the constitutional entitlements and an attempt to end the crisis, in addition to the external parties that are working to bring the views closer to reach common understandings between the political forces."

Related Articles

“It has reached advanced stages” .. a new movement to form a government between 3 forces - urgent

04:25 | 2022-09-17

Al-Aboudi to "Oana": We have 72 seats and are open to the Sadrist movement and other political blocs

12:11 | 2021-12-22

Al-Sadr's invitation to the framework... The beginning of a breakthrough or a maneuver that will "complicate" the political scene?

03:05 | 2022-04-1

He added, "The understandings have reached very advanced and significant stages, especially between... Kurdistan Democratic Party The Sovereignty Alliance, the Coordination Framework and the Forces allied to it,” stressing that “there is a desire to go towards Al-Hanana after forming a delegation from the authorities related to sovereignty, democracy and the coordinating framework, and presenting their findings to convince a leader. Sadrist Movement Muqtada al-Sadr So.” Political Analyst

Earlier, Erbil, the capital of the Kurdistan region, hosted a meeting of the Kurdistan Democratic Party with the Sovereignty Alliance, which came out in agreement on the importance of holding early elections after preparing the legal requirements and their requirements in accordance with the constitutional mechanisms, preceded by the formation of a government with full powers, emphasizing the continuation of the work of the House of Representatives until determining The date of the new elections.

The Most Important Frame Opportunity

After the Sadrist bloc’s deputies resigned from Parliament, it provided the opportunity for the coordination framework to proceed to complete what his brother left, as he is the largest component tasked with choosing the prime minister and forming the new government. To achieve the latter requires the presence of other forces supporting him to complete his political project.

He added, "Mahmoud Hashemi The political process at the present time is considered the "most important opportunity" for the coordination framework and other forces to form a government.

Al-Hashemi said in an interview with Alsumaria news "The political process at the present time is the most important opportunity for the coordination framework and the rest of the participating parties, who must say their word and go to a session of the House of Representatives to choose a president of the republic and announce a prime minister." Regarding

The political analyst explained that "all political forces now have a responsibility towards the people and their masses as well," suggesting that "no one threatens to create crises and create violence, so whoever accepts to be the ballot box, he is judged not to go to the street, because we began to lose our democratic experience." And the street becomes a substitute for the election results.”

Al-Hashemi pointed out that "the statements and positions that were repeated confirm the desire of the Sunnis and the Kurds to expedite the convening of the parliament session," adding that "this matter is a positive indication."

Sadrist Movement The politician stated that "the technical committee that emerged from the sessions of the political blocs is working to find dialogues and understandings between all parties," noting that "the political forces that wish to participate, the road is clear. The future, whether early or on schedule, to get the results he desires.”

* No government without al-Sadr Observers believe that the increase in the seats of some parliamentary blocs, which is the most prominent opponent of the Sadrist bloc, does not mean that it is able to go towards a consensual government, and therefore one of the options presented to get out of the state of obstruction is the option of dissolving Parliament only.

Leader withdrawal Sadrist Movement Muqtada al-Sadr From the political process once and for all, it may not mean that he left "the rope on the west" and opened the doors of the government to other political forces, especially since many expectations indicate the return of the current demonstrations again after the end of the Arbaeen visit.    LINK

State Of Law: The Resignation File Of The Minister Of Finance Will Be Discussed In Parliament Sessions

Iraq   11:37 - 09-18-2022   The deputy of the State of Law coalition, Muhammad Radi, confirmed that the resignation of the Minister of Finance and a number of other files during the caretaker government will be put forward in Parliament for discussion after setting the date for the session by the Speaker of the Council.

Radi said, that a number of files are awaiting the convening of the parliament session in order to put them forward and to stand on the cases of corruption and contracts concluded by the government during the conduct of business, as well as some decisions outside the law.

He added, that the resignation of the Minister of Finance during the absence of Parliament will be submitted to the Council after it reconvenes its sessions again, as it will be among a group of files that will be discussed and their causes determined.

And Representative Muhammad Radi indicated that all the deputies are waiting for the green light from the Speaker of the Council regarding the date of holding the session, as well as to know the damage caused to the committees and the corridors of the Council after the events witnessed by the Parliament and the Green Zone in the past days.    https://kirkuktv.net/AR/Details/8976

The Shrinking Realm: Queen Elizabeth’s Commonwealth And The Future Of Its Nations

The Shrinking Realm: Queen Elizabeth’s Commonwealth And The Future Of Its Nations

Niamh Cavanagh·Producer Fri, September 16, 2022

Elizabeth II  Queen of the United Kingdom, Canada, Australia, and New Zealand

LONDON — At its height, the British Empire’s rule oversaw 531 million people — over three continents spanning from North America to Oceania. It was once said that the sun never set on the British Empire, but as years passed, the monarchy’s global reach began to decline.

Six years after the devastation of World War I, Britain announced that each member of the Empire would be seen as equal. This meant that the monarchy and its Parliament had no power over the domestic and foreign policies of these “Dominions.

The officials in formal dress line up around the queen, who is wearing a crinoline and tiara, under a large chandelier.

Seven prime ministers posed in the Throne Room at Buckingham Palace in London at a dinner party given by Queen Elizabeth II on Dec. 3, 1952, for ministers attending the Commonwealth Conference and their wives. From left: Dudley Senanayake, premier of Ceylon; Sir Godfrey Hugging, premier of Southern Rhodesia; Sidney Holland, premier of New Zealand; Winston Churchill, premier of the United Kingdom; the queen; Robert Menzies, premier of Australia; Louis St. Laurent; premier of Canada; Nicholas Havenga, South African minister of finance; Khawaja Nazimuddin, premier of Pakistan, and Sir Chintaman Deshmukh, India's minister of finance. (AP Photo)

After World War II, the British Empire would continue to contract, as countries under its colonial rule fought for and gained their independence. In 1949, the British Commonwealth of Nations would no longer ask members to swear allegiance to the crown, and all nations under the umbrella of the association would simply be known as the Commonwealth of Nations.

Elizabethan Era

Upon Queen Elizabeth II’s ascension to the throne in 1952, the Commonwealth had already lost Ireland, in 1948. Eire gained its autonomy in 1921 after 800 years of British involvement, leaving only the six counties in Northern Ireland, of the 32 counties on the island, as part of the United Kingdom.

During her coronation speech in 1953, the new monarch acknowledged and praised Britain’s imperial past. “I have behind me not only the splendid traditions and the annals of more than a thousand years, but the living strength and majesty of the Commonwealth and Empire,” she said.

The Queen, accompanied by Gov. Gurmukh Nihal Singh, wearing a turban and a beard, shakes hands with a line of dignitaries and military officials.

The Queen and the Duke of Edinburgh arrive in Jaipur, India, on Jan. 22, 1961, met at the airport by Gov. Gurmukh Nihal Singh. (AP Photo)

Elizabeth, Britain’s longest-serving sovereign, was on the throne seven years longer than Queen Victoria, her great-great grandmother, who oversaw the expansion of Britain's colonial possessions.

“[The] Queen's reign is the kind of grand rebranding for the British Empire, which was originally kind of built on an ideology that dictated that white people and their settler descendants would be in charge,” Dr. Liam Liburd, assistant professor of Black British history at Durham University in England, told Yahoo News.

“The development of the Commonwealth after the Queen's coronation in 1953 can be seen as a kind of consolation prize for the British Empire.”

Decline of the Empire

Through the decades, the Commonwealth would see territories lost and countries depart, with some rejoining. By the 1960s, most of Britain’s colonies in Africa and Asia were independent, although some chose to remain as part of the Commonwealth, an option offered on a voluntary basis.

To continue reading, please go to the original article here: 

https://news.yahoo.com/queen-elizabeth-commonwealth-realm-shrinking-nations-203450220.html

Sunday AM Iraq Economic News Highlights 9-17-22

Sunday AM Iraq Economic News Highlights 9-17-22

Al-Kazemi’s Financial Advisor: 4 Months And The Food Security Law Will Expire

Money and business   Economy News-Baghdad   Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, determined the time-span of the emergency support law for food security and development, while ruling out the repetition of the law after its entry into force .

Saleh told the Iraqi News Agency, "The law on emergency support for food security and development concerns the fiscal year 2022 exclusively, and by the end of this year on December 31, 2022, the law will expire completely ."

He added that "the second case in which the law ends is the issuance of the Federal Budget Law for the year 2022 in these months, and this law expires and becomes an integral part of the Federal General Budget Law in the event of its expansion in 2022, and this matter depends on the status of Parliament and its ability to legislate ."

He pointed out that "the repetition of this law for another year depends on the presence of the legislative authority and its ability to re-pass laws and form a government," ruling out "the repetition of the Emergency Support Law for Food Security and Development after its expiry date ."

Views 498   Added 08/20/2022 - 10:42 AM   Update 09/18/2022 - 8:06 AM

  https://economy-news.net/content.php?id=29392

Iraq's Oil Exports To America Rise Within A Week

Economie| 09:03 - 09/18/2022   Follow-up - Mawazine News, the US Energy Information Administration announced, on Sunday, that Iraq's oil exports to America increased to more than 340,000 barrels per day during the past week.

The administration said in a report, "The average US imports of crude oil during the past week from nine countries amounted to 5.235 million barrels per day, down by 547,000 barrels per day from the previous week, which amounted to 5.782 million barrels per day."

She added that "Iraq's oil exports to America amounted to an average of 343 thousand barrels per day last week, higher than the previous week, in which oil exports to America reached an average of 222 thousand barrels per day."

She also indicated that "most of America's oil revenues during the past week came from Canada, at a rate of 2.937 million barrels per day, followed by Mexico at a rate of 484,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 425,000 barrels per day, and then Colombia at a rate of 288,000 barrels per day." .

According to the administration, "the amount of US imports of crude oil from Brazil amounted to an average of 255 thousand barrels per day, from Nigeria at a rate of 232 thousand barrels per day, and from Ecuador at a rate of 199,000 barrels per day and from Trinidad and Tobago at an average of 72,000 barrels per day, while no amount was imported from Russia."

https://www.mawazin.net/Details.aspx?jimare=205764

Gold Prices In The Local Markets  

Economie| 11:24 - 09/18/2022   Baghdad - Mawazine News, today, Sunday, gold prices fell in the local markets, as the price of the most traded 21-carat gold weight reached 340 thousand and 245 dinars, excluding drafting fees.

As for the price of a gold weight of 24 karat, it amounted to 388 thousand and 840 dinars, excluding the fees of the craftsman. Ended 29 / m 99   https://www.mawazin.net/Details.aspx?jimare=205773

The Dollar Rises Against The Iraqi Dinar

Economie| 11:33 - 09/18/2022   Baghdad - Mawazine News, the exchange rates of the US dollar rose against the Iraqi dinar, today, Sunday, in the Iraqi markets.

And the selling prices recorded 148,500 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 147,500 Iraqi dinars per 100 US dollars.  https://www.mawazin.net/Details.aspx?jimare=205774

A Slight Decrease In The Dollar Exchange Rates In The Local Markets

2022-09-18 | 04:49   1,071 views   Today, Sunday, the dollar exchange rates witnessed a slight decrease in the local markets.

And the selling prices of the dollar were recorded at 147.900 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147.800 dinars per 100 dollars.

Earlier, the Central Bank of Iraq decided to amend the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at (1460) dinars per dollar, while the selling price to the citizen is at (1470) dinars per dollar.   LINK

Iraqi MP Calls For Imposing Financial Fees On Iranian Visitors

Posted On2022-09-18 By Sotaliraq   On Saturday, a member of the Iraqi parliament from the Diaa Al-Hindi movement called for imposing financial fees on Iranian visitors, "similar to the Hajj season."

Al-Hindi wrote in a post on “Facebook” that was seen by (BasNews), that “one of the disadvantages of opening the borders for free with the Iranian side is the failure of the transportation plan. This is something we will not allow in the future.”

The youngest member of the House of Representatives, Zia Al-Hindi, is an extension of the…

He added, “The numbers entering from Iran must be legalized according to certain financial fees, similar to the Hajj season in Makkah Al-Mukarramah, to control the activities of the million visit, especially after the failure of local and central governments since 2003 until now in building strategic projects (roads, railways, metros, water, sewage, etc.). Electricity, etc.).    LINK

The Kurdistan Regional Government Allocates 7.5 Million Dinars For A Water Project In Erbil

Posted On2022-09-17 By Sotaliraq   Today, Saturday, the Kurdistan Regional Government announced the allocation of 7 billion and 500 million Iraqi dinars to implement a project in the “8 Hisarok” area in Erbil.

In a statement, the Council of Ministers said that Prime Minister Masrour Barzani directed the allocation of this amount to implement a water project in the (Hasaruk 8) area in Erbil.

The statement added that the Prime Minister directed the Erbil Municipality Directorate to implement the project in this area, indicating that "the project will start in the coming days." LINK

Abdul-Mahdi Outlines The Benefits Of Iraq's Joining The Shanghai Organization And Directs A Request To The Government

Money and business   Economy News-Baghdad   Today, Sunday, the former Prime Minister, Adel Abdul-Mahdi, outlined the benefits of Iraq's joining the Shanghai Organization, while he sent a request to the government .

Abdul-Mahdi said in a statement that "a few days ago, the 22nd meeting of the Council of Heads of State of the Shanghai Cooperation Organization ended in the city of Samarkand (Uzbekistan), the organization that today includes 9 superpowers and major countries such as China, Russia, India, Iran and Pakistan, in addition to many partner countries wishing to join and monitor ." .

He added that "only the nine countries represent more than half of the world's population, and the matter is no less important in terms of space, energies and wealth," noting that "these facts and others should prompt us to request formal accession to this emerging organization, in order to accelerate the approach of closer relations with countries Arab and Islamic neighbors, and with India, Japan, the two Koreas, and the countries of Central and East Asia .

He added, "China has with it many memoranda of understanding and agreements, such as the Belt and Road (Silk Road) and the Iraqi-Chinese agreement in what has become known as oil in exchange for reconstruction. Our accession to the Shanghai Organization has become necessary, especially after many countries, including Arab countries such as Egypt and the Gulf states, submitted a request to join. "

Abdul-Mahdi called on the Iraqi government to expedite, in accordance with the laws in force, the application for formal membership of the Shanghai Organization, calling on the legislative authority, in accordance with its powers, to “support and facilitate the required procedures and for all forces to consider this issue as a supreme national interest, and a sure guarantee for our present and future, away from political differences.” ".

He pointed out that "according to the data of the "Shanghai Cooperation Organization Trade Development Report for 20 years", the total trade value of SCO member states increased from 667.09 billion US dollars in 2001 to 6.06 trillion US dollars in 2020, and their share in total world trade increased from 5.4% in 2001 to 17.5% in 2020 and 2021, and the gross domestic product of the member states of the Shanghai Cooperation Organization amounted to about 23.3 trillion US dollars, which represents about a quarter of the global GDP. Certainly, these numbers will escalate to become one of the most important globally before the end of this decade, and the joining of more countries and advance their economies and status .

With this measure, Iraq will confirm its Arab, Islamic, Asian and Eastern affiliations and the importance of this for its present and future in a world of turmoil and division, and to contribute to the birth of a new balanced world in the west, east, north and south so that countries can strengthen their security, economic and cultural independence, end the eras of hegemony, and the fragmentation of nations, and impose Occupation, settlement and apartheid, its most prominent example in Palestine, or encouraging acts of separation and assaulting its unity, as in the attempts to separate Taiwan from its motherland, China .”

Abdul-Mahdi called for “strengthening relations, increasing visits to Asian countries and strengthening relations with them, especially the countries of East, Central and West Asia, and to pay more attention to our relations with our Arab and Islamic neighbours, with Africa and Latin America, as we care about our relations with Europe and North America. Our security, our economy and our sovereignty .”

22 . views   Added 09/18/2022 - 11:17 AM   Update 09/18/2022 - 1:08 PM

https://economy-news.net/content.php?id=29754

Kurdistan Electricity: The Rate Of Energy Waste In The Region Is Double The Global Standard

Shafaq News/ The Ministry of Electricity in Kurdistan Region revealed, on Sunday, that the rate of waste of electrical energy in the region is twice the international standard, indicating that the hours of supplying national electricity range from 11 to 12 hours per day.

The Director General of Erbil Electricity Distribution, Kamal Assaf, told Shafaq News Agency, "The percentage of electricity use in Erbil has not seen a decrease so far, despite the lower temperatures compared to the past months."

He added that "the regional government is currently trying to increase the hours of processing through alternative energy and increase the producing stations," explaining that "the Erbil governorate needs from 1,400 to 1,500 megawatts to raise the hours of processing to between 20 and 24 hours a day, but the current capacity is 1050 megawatts in the province." Out of the total 3,500 megawatts, this is the region's total production rate.

Assaf indicated that "international standards indicate that the waste rate should not exceed 17%, but the percentage of waste in the region ranges between 32 to 34%," stressing that "the efforts are continuing to reduce this percentage and it has already decreased after the implementation of the smart meter project for electricity."    LINK

"Tidbits From TNT" Sunday 9-18-2022

TNT:

Tishwash:  Adel Abdul-Mahdi lists the "benefits" of Iraq's accession to the Shanghai Organization

On Sunday, former Prime Minister Adel Abdul-Mahdi highlighted the "benefits" of Iraq's accession to the Shanghai Organization, calling for membership of this "rising organization".  

 Abdul-Mahdi said, in a post followed by "Nas" (September 18, 2022), that "Iraq's accession to the Shanghai Organization, benefits for our country, and the building of a more balanced world, ended days before the 22nd meeting of the Council of Heads of State of the Shanghai Cooperation Organization in Samarkand (Uzbekistan)

The organization Which today includes 9 great and big countries such as China, Russia, India, Iran and Pakistan, in addition to many partner countries that wish to join and monitor.  

He added, "Only nine countries represent more than half of the world's population.

The matter is no less important in terms of space, energies, and wealth. These facts and others should prompt us to request formal accession to this emerging organization, in order to speed up the approach of closer relations with the neighboring Arab and Islamic countries, and with India, Japan, the two Koreas, the countries of Central and East Asia, and of course with China, with which we have many memoranda of understanding and agreements, such as the Belt and Road (Silk Road) and the Iraqi-Chinese agreement in what became known as oil in exchange for reconstruction.

Our accession to the Shanghai Organization has become necessary, especially after many countries applied to join , including Arab countries such as Egypt and the Gulf countries.

For all of this, I call on the Iraqi government to expedite - in accordance with the laws in force- an official application for membership in the Shanghai Organization, and I also call on the legislative authority, according to its powers, to support and facilitate the required procedures. And that all forces view this issue as a supreme national interest, and a sure guarantee for our present and future, away from political differences.  

  He continued, "According to the data of the "Shanghai Cooperation Organization's Trade Development Report for 20 Years", the total trade value of SCO member states increased from 667.09 billion US dollars in 2001 to 6.06 trillion US dollars in 2020, and their share in total world trade increased from 5.4% in 2001.

To 17.5% in 2020 and 2021, and the GDP of the member states of the Shanghai Cooperation Organization amounted to about 23.3 trillion US dollars, which represents about a quarter of the global GDP.

Certainly, these numbers will escalate to become one of the most important globally before the end of this decade, and the joining of more countries and advance their economies and status.  

With this measure, Iraq will affirm its Arab, Islamic, Asian, and Eastern affiliations and the importance of that for its present and future in a world of turmoil and division, and to contribute to the birth of a new balanced world in the west, east, north and south so that countries can strengthen their security, economic and cultural independence, end the eras of hegemony, fragmentation of nations, and impose occupation On it, settlement and apartheid, its most prominent example in Palestine, or encouraging acts of secession and assaulting its unity, as in the attempts to separate Taiwan from its mother country China.

With our Arab and Islamic neighbourhood, with Africa and Latin America, and we are also interested in our relations with Europe and North America. In all of this there are great benefits that we reap in our security, economy and sovereignty.   link

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

Tishwash:  Al-Kazemi receives an invitation to participate in the Arab Summit in Algeria

Prime Minister Mustafa Al-Kazemi received, on Sunday 18/09/2022, an invitation to participate in the Arab Summit to be held in Algeria.

The media office of the Prime Minister stated, in a statement received by Al-Masala, that Al-Kazemi received the envoy of the Algerian President and Minister of Justice, Abdul Rashid Tabbi, and his accompanying delegation.

The statement indicated that the guest minister conveyed to the Prime Minister the invitation of Algerian President Abdelmadjid Tebboune to participate in the Arab summit to be held in Algeria next November.

Al-Kazemi affirmed Iraq's keenness to make the summit a success and actively participate in its work, expressing Iraq's aspiration that this summit would play a key role in strengthening the Arab ranks and the unified position on its fateful issues, foremost of which is the Palestinian cause.

Al-Kazemi praised the historical relations between Iraq and Algeria, and the desire to develop them in various fields, stressing Iraq's aspiration to convene the joint ministerial committee between the two countries soon, and to strengthen bilateral work for the benefit of the two brotherly peoples   link

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

Tishwash:  Economic: the state treasury is full and foreigners cannot be charged during large visits

The economic expert, Mustafa Hantoush, confirmed that the state treasury is full and it cannot go towards imposing fees on foreign arrivals during large seasonal visits, pointing to the possibility of imposing fees during normal days on foreign visitors.

Hantoush told Al-Maalouma that "the holy Karbala flocked to 5 million foreign visitors and more than 15 million visitors from inside Iraq to commemorate the Arbaeen visit of Imam Hussein, peace be upon him, and as a large seasonal visit characterized by a spiritual atmosphere, it is not possible to apply or impose fees on visitors even if The amount was only one dollar during such visits."

He added that "Iraq does not need to impose fees on visitors when they enter Iraq during the season of Arbaeen visits or to visit Imam Ali or Al-Kadhim, peace be upon them, in addition to the fact that society does not accept such a culture, especially since there is financial abundance and state coffers are full."

And Hantoush said, "There is a possibility to impose fees on foreign arrivals of up to 50 dollars per person, during normal visits on normal days, and these amounts can go to the benefit and treasury of Najaf, Holy Karbala, or Kadhimiya in order to benefit from them for the benefit of those cities  link

Mot:  siiiggghhhhhh - Just Had one of Those Daze!! ~~~~

Mot:  ... Splains alot - HUH! ~~~~