Some "Monday News" Posted by Samson at KTFA 10-10-2022

KTFA:

Samson:  Al-Mandalawi: A request signed by 170 deputies to hold a session to elect the President of the Republic next Wednesday

10/10/2022 15:06:13

 First Deputy Speaker of Parliament Mohsen Al-Mandalawi revealed today, Monday, that he had received a request signed by 170 deputies to hold a session to elect the president of the republic.

 A parliamentary source told Al-Furat News: "Al-Mandalawi received a request signed by 170 deputies to hold a session to elect the president of the republic next Wednesday." 

He added, "Al-Mandlawi promised that the request would be discussed and decided upon by the parliament's presidency."    LINK

Samson:  A request signed by 170 deputies to elect the President of the Republic in Wednesday's session

10th October, 2022

The deputy of the Coordination Framework, Ibtisam Al-Hilali, announced on Monday that he had submitted a request signed by 170 deputies to hold the presidential election session next Wednesday.

Al-Hilali told Shafaq News Agency, "Members of Parliament and from different political blocs collected more than 170 signatures to hold a session on Wednesday to elect the President of the Republic," explaining that "the request was submitted during today's session to the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi."

She explained that "Al-Mandlawi will meet this evening with Parliament Speaker Muhammad al-Halbousi to discuss and consider the request, and in the event the parliament's presidency approves, Wednesday's session will be dedicated to electing the president of the republic."

In this context, the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, noted, according to a statement by the Media Department of the House of Representatives received by Shafak News Agency, to submit a request signed by 170 deputies to hold a session to elect the President of the Republic next Wednesday, noting that "the Presidency of the Council will discuss the request and decide on it." LINK

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Zeeman:  its been a one year delta since the (Iraqi) elections, i would like to thank malaki his party the federal court and iran for doing a bang up job in preventing the gov from forming.besides the above you have the corrupt  gov officials lining their pockets as well as the cbi whom has tripled their reserves since 2020 all at the expense of its citizens iimo even though its all fact

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Samson:  The United Nations Mission: The 2023 budget decision before the end of the year is urgent

10th October, 2022

Today, Monday, the United Nations mission called on the active actors in Iraq for dialogue and to meet the needs of the people.

The mission stated in a statement, "The Iraqis went to the polls a year ago in the hope of drawing a new future for their country, and the elections were held with great difficulty, which came as a result of popular pressure through protests that swept across the country, in which several hundred Iraqi youth were killed and thousands were injured." That "democratic practice was followed by divisive policies that generated general and bitter disappointment."

And she added, "Iraq does not have much time," noting that "the protracted crisis portends more instability and also threatens the livelihoods of citizens." And she stressed, "The adoption of the 2023 budget before the end of the year is urgent." 

And she continued, "Now is the time for the political class to take responsibility and match words with deeds," stressing that "all actors must engage in dialogue without preconditions and collectively agree on the main results by making concessions that reaffirm their stated goal, which is to meet the needs of the Iraqi people and the formation of a government with full and effective powers."  LINK

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Samson:  The decline in oil prices .. and “Brent” crude recorded $ 97 a barrel

10/10/2022 08:28:48

 Oil prices fell, today, Monday, from their highest levels in five weeks, with the market reaping profits, following strong gains last week, amid expectations of tight supplies after the OPEC + decision to reduce production and before the European Union imposed a ban on Russian oil.

  Brent crude futures fell 81 cents, or 0.8%, to $97.11 a barrel by 0131 GMT, while US West Texas Intermediate crude recorded $91.88 a barrel, down 76 cents, or 0.8%, according to "Reuters". Both contracts touched their highest level since August 30 earlier in the session, but they lost their gains, and retreated with stocks in Asia amid thin trading with markets in Japan and South Korea closed due to public holidays. "Profit taking may be the main reason for pressure on oil prices today, after five days of gains last week," said Tina Teng, an analyst at CMC Markets.

The "OPEC +" production cuts, which come before the European Union's ban on Russian oil, will lead to a decline in supplies in a market that is already suffering from a tight supply. European Union sanctions on Russian crude and Russian oil products will enter into force in December and February, respectively.

Analysts at banks and brokerages raised their forecasts for crude oil prices, as they expect Brent crude to rise above $100 a barrel in the coming months. Teng said that the possible easing of the "Covid-19" restrictions imposed by the authorities in China in the last quarter and in 2023 may lead to a recovery in oil demand and allow for a further rise in its prices.   LINK

Samson:  Al-Sari: The amount lost in taxes has increased to two billion dollars, and the Finance has 7 days to answer or we will sue

10/10/2022 18:40:59

 The head of the State Forces Alliance bloc, MP Faleh Al-Sari, announced that the amount lost in the Tax Authority of the Ministry of Finance has increased to two billion dollars.

Al-Sari said in a press conference held at the parliament building today, Monday: “There is a loss of 800 million dollars from the General Authority for Taxes in the Ministry of Finance and committees that were formed for them. He added, "The amount has exceeded two billion dollars until this moment," calling on "the Ministry of Finance, the Judiciary, the Integrity Commission and the Public Prosecution to open an urgent investigation into the matter because the amount is constantly increasing."

And Al-Sari indicated that the origin of the amount is "the issuance of bonds for trusts deposited in the tax accounts in the Rafidain Bank, and these instruments are for large companies with amounts of up to 400 million dinars and up to 800 million in each instrument, and these amounts are aggregated."

He pointed out that "the response of the Ministry of Finance was not satisfactory and did not inform us of the entire issue, and we will give it 7 days. On the contrary, we will take measures in the judiciary, the Public Prosecution and the Integrity Commission." He stressed the existence of "waste and waste of public money in the most important department, such as taxes."

On September 26, the Minister of Oil {Finance Agency} Ihsan Abdul-Jabbar announced the embezzlement of $800 million that had been illegally withdrawn from the Rafidain Bank. Abdul-Jabbar said in a televised press statement: "At least 800 million dollars were illegally withdrawn from Al-Rafidain Bank in the Ministry of Finance, and there is a judicial investigation, and those responsible for this dangerous file have been dismissed."

He added, "The parties behind the embezzlement of this large amount will be revealed, and the Government Integrity Commission has launched an investigation into the embezzlement of this amount, which was illegally withdrawn from the Rafidain Bank."   LINK

Monday AM Iraqi Parliament News Highlights 10-10-22

Monday AM Iraqi Parliament News Highlights 10-10-22

The Supreme Council Stresses The Necessity Of Dialogue And Expediting The Formation Of A Service Government

Policy   10-10-2022 | 06:17   Source:   Alsumaria news  279 views   Today, Monday, an official spokesman for the Iraqi Islamic Supreme Council, Ali Al-Difai, stressed the necessity of dialogue and expediting the formation of a national service government.

Al-Dafii said in a tweet followed by Alsumaria News, "The message of the United Nations Assistance Mission for Iraq to those outside the coalition of state administration: to engage in dialogue without conditions, and to form a government with full and effective powers," noting that "the time for action is now."

The spokesman for the Islamic Supreme Council of Iraq added, "Our demand was and still is dialogue and the speedy formation of a strong national service government with full powers, supported by all."

LINK

A Movement To Involve The Current In The New Government

Iraq  13:38 - 10-10-2022   The deputy of the coordination framework, Muhammad Saadoun al-Sihoud, confirmed, on Monday, the existence of "serious attempts" to involve the Sadrist movement in the new government or an understanding in the stability of the political process.

Chihod said in a press statement, "Things are heading towards a political solution and stability in the country," noting that "the Sadrist movement's involvement in the administration of the state in order to participate in the formation of the new government."

He added, "The return of parliament sessions and the enactment of laws is a hope for resolving differences and moving forward in completing the constitutional benefits during the next few days."

Chihod indicated that "there is a movement by the political forces to open dialogues to persuade the Sadrist movement to participate in the new government." https://kirkuktv.net/AR/Details/9594

Parliamentary Decision To Form Committees To Follow Up On The Procedures For Implementing The “Emergency Support” Law

 Policy   10-10-2022 | 07:07  612 views   Today, Monday, the Legal Committee held a meeting headed by MP Mohamed Anouz, head of the age group, and the presence of its members to discuss the proposed laws on its agenda.

The Media Department of the House of Representatives stated in a statement received by Alsumaria News, "At the beginning of the meeting, the Chairman of the Committee stressed the need to activate the oversight role of the Committee and to exercise its functions effectively, as well as to start studying and discussing the proposed laws submitted and referred to the Committee."

The statement added, "The meeting discussed the formation of three sub-committees headed by the chairman of the committee and his two deputies to follow up the procedures regarding the financial and administrative affairs of the provincial councils after their dissolution," stressing "the need to amend the provincial elections law."

He pointed out that "the committee discussed the formation of temporary committees to follow up the procedures of ministries and agencies not associated with a ministry to follow up on the implementation of the provisions of the Food Security Law."

He continued, on the other hand, the committee stressed the need to proceed with the amendment and legislation of the Civil Service Law and to give a wide space to discuss the provisions and paragraphs of the law as it regulates the work of state employees in general, adding, “The committee also studied a legal proposal for the unified retirement and genocide of the Yazidis.”   LINK

“Iranian Confusion Or Impotence?”..A Thorny Relationship With Iraq And Al-Sadr And Qaani Escape The Threads Of The Game

Posted On10-10-2022 By Sotaliraq   The American "Washington Institute" has monitored the challenges of Iran's thorny relationship with Iraq, specifically regarding the issue of Sadrist leader Muqtada al-Sadr, noting that Tehran has begun to take a position of "non-interference" in Iraqi politics in the hope that internal divisions will benefit Iran, while there is a risk that they will cause Iraqi chaos threatens US efforts to secure some stability in global energy markets.

The American report, translated by Shafak News Agency, considered; Iran is still looking with great fear at the step of Sadr’s withdrawal from the political process” and the recent dangerous security events, while its allies stumble in the coordination framework in forming the new government, adding that Iran’s fears are growing that the current Shiite conflict between Sadr and the framework forces will re-establish Forming the Shiite equation, in a way that is not commensurate with the Iranian role and its goals.

The report stated; “The main problem that Iran faces in Iraq, specifically at the level of the restoration of the Shiite house, and the preservation of the Shiite-Shiite consensus within the ceiling of Iranian interests, stems primarily from several reasons, the most important of which is the failure of the Quds Force commander, Ismail Qaani, to fill the void left by Qassem. Soleimani,” noting that Qaani’s assumption of command of the Quds Force revealed that the Iranian regime was not ready to deal with an issue the size of Soleimani’s assassination, or even in determining Iran’s strategic priorities in Iraq after his assassination.

The report spoke of Qaani's lack of a clear vision and perception of the Iraqi situation, with its interactions, currents and fluctuations, in addition to the lack of a supportive personality in Iraq, as was the case with the commander of the Popular Mobilization Forces, Abu Mahdi al-Muhandis, and the role he played alongside Soleimani. In addition to the multiple roles of Iranian institutions operating in Iraq and their rivalry with the Revolutionary Guards, adding that they are variables that were reflected in one way or another on the role of Qaani first, and the Revolutionary Guards second, in how to manage the Shiite-Shiite conflict in Iraq.

The report continued; This may explain Qaani's failure, through his repeated visits to Iraq, to ​​discourage Sadr from his steps, adding that Tehran recently chose to monitor the Iraqi situation, without directly interfering in it, because of the strong reactions shown by Sadr and his movement against the Iranian role, and the anti-Iranian slogans that followed. To Iran, it was raised by the October demonstrators in their recent protests in Baghdad earlier this month.

In addition, the political disintegration witnessed by the pro-Iranian groups, and the multiplicity of discourses within the Shiite coordination framework, whether after al-Sadr withdrew from the political process, or after his sit-in was broken up inside the Green Zone, all indicate that Iran is no longer able to control the course of the current conflict, Not only between the chest and the frame, but also inside the frame.

The report indicated that despite the success of al-Sadr in changing the rules of the political game, he still does not have the upper hand in Iraq so far. He pointed out, in this context, to the Shiite religious authority Kazem Al-Haeri's announcement of his retirement from the reference and traditional work, noting that the move could be interpreted as a great insult to Al-Sadr, who had previously been a student of Al-Hairi.

The report also pointed to the escalation of doubts about the religious competence of Sadr and his leadership qualities, after the decision of Al-Hairi, and that Iran is trying to move forward with the project of Shiite internationalism or Shiite centralism linked to Qom and not Najaf, noting that the rise of an Iraqi Shiite cleric such as Al-Haeri urged his followers to support the guide The Iranian Republic, Ali Khamenei, undoubtedly serves Iran’s interest, and gives it hope to put an end to the historical Shiite conflict between the two marja’iyas of Qom and Najaf, and then reshape the Shiite world according to the Iranian centralism that recognizes Wilayat al-Faqih.

The report continued; That al-Sadr's camp is still resisting, and that al-Sadr showed a strong reaction to the Iranian attempt to marginalize the al-Sadr family, and their centrality within the Iraqi Shiite house.

He added that al-Sadr was trying to extract Iranian recognition of the centrality of Shiite representation, and he had hoped that Iran would resort to it after the assassination of Soleimani to manage the Iraqi situation, but Iran instead resorted to other local leaders, in addition to activating the role of Lebanese Hezbollah leader Hassan Nasrallah inside Iraq.

In addition, the report pointed out that Al-Sadr believes that the duality of “Qom and Najaf” must be preserved, and that Iran should not change this equation, and perhaps this is what explains his saying after al-Haeri’s retirement, that the Shiite authority is in Najaf, not Qom.

However, the report stated that Iran is keen to sit on the sidelines and content itself with watching, at least for the time being, as despite Qaani's ineffectiveness and Iran's apparent inability to control Sadr or its allies in the framework, the current dynamics in Iraq, still lead One way or another, the Iraqi Shiite political community has been reshaped in favor of Iran. He added that Tehran is still betting on letting the internal Iraqi conflict take shape without exercising its influence on it.[/size]

In addition, the report considered that Tehran could still use al-Sadr as a source of power in Iraq, especially if the Shiite situation was exposed to a common external threat. Iraq, within the framework that makes al-Sadr a partner and not a follower of Iran.

International arena

The report concluded by noting that these events in Iraq have many repercussions on US policy, especially with regard to oil supplies and nuclear talks, and made it clear that the administration of US President Joe Biden is facing a double danger from the crisis situation in Iraq; First, the chaos in Iraq could cause major fluctuations in oil supplies, which could undermine efforts to calm the US crude oil market ahead of the US mid-term congressional elections next November.

The report continued; Most importantly, the faltering of al-Sadr’s movements may contribute to strengthening Iran’s power, at a sensitive geopolitical moment the United States is going through in Iraq and the Middle East, as the political situation in Baghdad could lead, in the short term, to an increase in Iranian influence, if The formation of a strong framework government that withdraws the pressure cards from the hand of al-Sadr.

In the long term, this could encourage Iran to adopt a more aggressive approach to nuclear negotiations with the United States.

The report concluded by saying; Iran seems not in a hurry to form a new government in Iraq, as it is awaiting the results of the nuclear negotiations with the United States. Their failure, or their continued stumbling, as is likely at the present time, will lead to the possibility of Iran using the Iraqi arena against the United States and its allies in the region. The option of political chaos may lead to stopping the flows of Iraqi oil to the global market, which would be perfectly suitable for Iran, because the rise in prices will provide an opportunity to export large quantities of oil supplies restricted due to US sanctions, to compensate for the global need, which the United States fears at the present time. The Iraqi Shiite house is still disintegrated, and the reasons for its internal explosion are still present. LINK

Al-Fateh Reveals To Alsumaria The Details Of The Tripartite Delegation’s Visit To Erbil

Sumerian special   10-10-2022 | 07:12  1,173 views   Alsumaria News – Politics The representative of the Al-Fateh Alliance, Mueen Al-Kazemi, identified today, Monday, the reasons that impeded the formation of the new government for more than 10 months, while revealing new details regarding the visit of a tripartite delegation to Erbil to resolve the file of the Presidency of the Republic.

Al-Kazemi said in an interview with Alsumaria news, “The formation of the government in the first place starts from starting towards dialogue. Whoever closes himself and does not receive others and does not show any openness or flexibility towards other political forces, this delays and delays the formation of the government for a whole year

He added, "The commitment, intransigence, adherence to opinions and positions and setting preconditions led to this delay and what we saw from 9-1 2022 (the date of the first session of the House of Representatives), after which there was a closure due to the marathon movement to form the government and the exclusion of an important party such as the coordination framework from the tripartite coalition government that led to a delay in its formation.

He continued: "On June 13, 2022, the Sadrist bloc decided to withdraw, and during the process of replacing parliament was carried out on June 23, 2022, and in July and August, the noise and chaos that stormed the Parliament, the judiciary, and the government palace, and the violence that accompanied that, and all of these things delayed the government's achievement."

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The representative of the Al-Fateh Alliance explained, "The Iraqi people today are eagerly awaiting the formation of a strong government that will adhere to the security and economic file, approve the 2023 budget, launch lagging projects, and prepare and prepare for new elections."

Al-Kazemi indicated, "If the Kurds reach a clear result, the tripartite delegation that went to Erbil today will be serious to attend and discuss the election of the President of the Republic and the ministers and how to form the cabinet within 30 days, according to the constitutional periods."

Today, a tripartite delegation arrived in Erbil, including the candidate of the coordination framework for prime minister Muhammed Shiaa Al-Sudani, the Speaker of the House of Representatives Mohammed Al-Halbousi, as well as the head of the Ataa movement Faleh Al Fayyad, in order to discuss the mechanism for resolving the presidential candidate.    LINK

Monday AM Iraqi Economic News Highlights 10-10-22

Monday AM Iraqi Economic News Highlights 10-10-22

A Verbal Altercation In Parliament With The Director Of The Iraqi Budget

Shafaq News / A parliamentary source reported, on Sunday, that a "strong" verbal altercation occurred between the Undersecretary of the Federal Ministry of Finance, Director General of the Budget Department Taif Sami, and a number of deputies, who accused the ministry of not cooperating with members of Parliament, about the official books sent.

The source told Shafaq News Agency, "A strong verbal altercation occurred between Sami and a number of deputies, including the representative of Kirkuk, Omid Muhammad, for several reasons, including the failure to launch funding for the financial allocations for the development of the regions, and the failure to disburse the allocations of ongoing projects to spending units and project components."

He added that "the Parliamentary Finance Committee discussed, while hosting Sami, the file of financing financial allocations for the development of regions and governorates that are not organized in a region, contained in the Law on Emergency Support for Food Security."

On Sunday morning, the Parliamentary Finance Committee hosted Minister of Planning Khaled Battal, Chairman of the Board of Financial Supervision Ravel Yassin, Deputy Minister of Planning Maher Hammad, Undersecretary of the Ministry of Finance, Director General of the Budget Department Taif Sami, Director General of the Accounting Department in the Ministry of Finance, and the cadre. Advanced in the Ministry of Finance and Planning.   LINK

"It Produces Oil And Is Deprived Of Its Imports"... Kirkuk Poses Two Problems On The Baghdad Government's Table

Shafaq News/ The governor of Kirkuk and a number of provincial deputies called today, Monday, to address two main problems represented by the lack of electric power and the failure to receive the yellow corn product from farmers.

Kirkuk Governor Rakan al-Jubouri said during a press conference held today, at the parliament building in Baghdad, with the participation of a number of deputies and attended by Shafak News Agency correspondent, that "our presence to the parliament and the central government is related to deep problems in a sensitive and important province in Iraq, which is one of the oil-producing and disadvantaged provinces." product imports.

He added, "We have two issues that need the intervention of the Council of Ministers and the ministries of oil and electricity, namely the lack of electricity in the province and the file of the yellow corn product," noting that "there is a great protest from the citizens of Kirkuk and demonstrations take place on a daily basis against it."

And about the supply of electricity in the governorate, between al-Jubouri, that “it will be 12 hours and another 12 hours are interrupted,” noting that “the private generators are equipped with 5 liters of kerosene per kv, which does not enable the generator owner to operate it for more than a week, and pushes him to go to buy kerosene from the market. black".

He explained that "the amendment of Resolution 159 of the Council of Ministers stipulates that the provinces be equipped with kerosene oil for generators compared to the hours of processing, but we are surprised by the decision of the Ministry of Oil, which counts all provinces as 5 liters and has nothing to do with the hours of electricity supply."

He continued, "Today we sent a letter to the Council of Ministers, addressing the Ministries of Oil and Electricity, containing the entitlement of Kirkuk according to the percentage of Iraq's production, to get a thousand megawatts according to the official entitlement, as we are now preparing to equip 550 megawatts," calling on the Prime Minister to "intervene to address the shortage." electricity".

As for the other issue, Al-Jubouri says, "Yellow maize is a strategic and important product that is widely cultivated," noting that "the estimates of the Kirkuk Agriculture Directorate indicate that the production of yellow corn reaches 800 thousand tons, and this crop needs the intervention of the Council of Ministers and support for receiving the crop, If not, it will cause the farmers to lose."

He added that "import from neighboring countries is now carried out at an approximate price of 650,000 dinars per ton, while it is not received from the farmer to compensate for the import," noting that "the issue of yellow corn is present in the Council of Ministers and presented twice to the vote and did not vote on it."

The governor of Kirkuk, Al-Kazemi, called "to intervene personally and receive the crop from Kirkuk and all of Iraq," noting that "Kirkuk represents 80% of the Iraqi crop."   LINK

Oil Prices Fall After Strong Gains

Economie   10-10-2022 | 01:55   897 views   Alsumaria News – Economy   Oil prices fell today, Monday, from their highest levels in 5 weeks, with the market taking profits, following strong gains last week.

This comes amid expectations of tight supplies after the OPEC + decision to reduce production and before the European Union imposed a ban on Russian oil.

Brent crude futures fell 81 cents, or 0.8 percent, to $97.11 a barrel by 0131 GMT, while US West Texas Intermediate crude recorded $91.88 a barrel, down 76 cents, or 0.8 percent.

And both contracts touched their highest level since August 30 earlier in the session, but they lost their gains, and retreated with stocks in Asia amid thin trading with the markets closed in Japan and South Korea due to public holidays.

"Profit taking may be the main reason for pressure on oil prices today after five days of gains last week," said Tina Teng, analyst at CMC Markets.

Brent and West Texas Intermediate made the biggest percentage gains since March last week after the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, an alliance known as OPEC+, agreed to cut production by 2 million barrels per day.

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The OPEC+ production cuts that come before the European Union [/url] ban on Russian oil will reduce supplies in an already tight market.

European Union sanctions on Russian crude and Russian oil products will enter into force in December and February, respectively.

Analysts at banks and brokerages raised their forecasts for crude oil prices and expect Brent crude to rise above $100 a barrel in the coming months.

Teng said that the possible easing of the Covid-19 restrictions imposed by the authorities in China in the last quarter and in 2023 may lead to a recovery in demand for oil and allow for a further rise in its prices.

LINK

What Is The Truth About The Effect Of Continued Disbursement According To The 1/12 Rule On Employees’ Salaries?

Time: 10/08/2022   {Economic: Al Furat News} The economic expert, Nabil Al Marsoumi, revealed today, Saturday, the fact that the continuation of the exchange according to the 1/12 rule may affect the salaries of employees.

Al-Marsoumi told Al-Furat News that: "The economic situation with the continuation of the exchange according to the Financial Management Law 1/12 will not affect state employees and the government sector."

He pointed out that "it will affect the citizens through the absence of the private sector, as whoever invests his money in a political environment such as the one that Iraq lives in and pushes them to invest away from Iraq."

Al-Marsoumi added, "If the government is formed, it must start preparing the budget law as the first law of its utmost importance."

He continued, "The budget law is also supposed to be submitted in early October to Parliament for the purpose of studying and voting on it." Al-Marsoumi held the political paralysis responsible for affecting all joints.        From: Raghad Daham    https://alforatnews.iq/news

The Decline In Oil Prices, And A Barrel Of Brent Recorded 97 Dollars

Economie| 09:05 - 10/10/2022   Follow-up - Mawazine News: Oil prices fell, on Monday, from their highest levels in five weeks, with the market taking profits, following strong gains last week, amid expectations of tight supplies after the OPEC + decision to reduce production and before the European Union imposed a ban on Russian oil.

Brent crude futures were down 81 cents, or 0.8%, at $97.11 a barrel by 0131 GMT.

While US West Texas Intermediate crude recorded $91.88 a barrel, down 76 cents, or 0.8%, according to "Reuters". Ended 29/N33    https://www.mawazin.net/Details.aspx?jimare=207814

Federal Planning Reveals The Fate Of Food Security Funds

Economie   16:51 - 09-10-2022   Today, Sunday, the Ministry of Planning announced the imminent release of funds for the governorates within the Food Security Law.

Planning Minister Khaled Battal said, "The Finance Committee hosted us, in the presence of the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, to discuss the mechanism of implementing the Food Security Law in the part related to the investment plan of the law," noting that "there is a problematic launch of funding by the Ministry of Finance."

He added, "We explained to the Finance Committee that the Ministry of Planning has fully accomplished what it was required to do, and we included the projects, and we spoke with the Ministry of Finance in the presence of the President of the Financial Supervision Bureau, and there is a common understanding and clarification of some legal paragraphs in which there was a misunderstanding by some departments of the Ministry of Finance." Soon, the money for the provinces will be released."

He added that "there is 50%, according to the law, of the money being released by this government and 50% being released by the next government," explaining that "the original in today's meeting is to speed up the procedures for releasing 50% of the money, and it will be launched soon."

Battal stressed that "the Ministry of Planning has completed launching the allocations to the governorates," noting that "according to the deliberation that took place today, the problem is the understanding of the Accounting Department in Finance for some legal paragraphs, and it was clarified by us and by the head of the Oversight Bureau, and things are on the way to solution."

https://kirkuktv.net/AR/Details/9570

Trade: The Food Basket Items Will Be Distributed Among Citizens On A Monthly Basis

Iraq   11:21 - 10-10-2022   Today, Monday, Minister of Commerce Alaa Al-Jubouri announced securing the strategic storage of food basket items.

And the Minister of Commerce said, "The ministry was able to secure the strategic storage of the food basket items, with the aim of keeping Iraqis away from crises."

He added, "The food basket items will be distributed among the citizens within the ration card and on a monthly basis," noting that "the food basket includes seven items."

It is noteworthy that the Ministry of Commerce confirmed earlier the launch of cutting and preparing the eighth meal of the food basket and the arrival of new types of Thai rice to Iraq.

https://kirkuktv.net/AR/Details/9586

Direction To Distribute A New Meal Of Flour Within The Ration Card

Iraq   21:43 - 09-10-2022   Today, Sunday, the Minister of Trade, Alaa Al-Jubouri, directed all marketing centers in Baghdad and the provinces to prepare a new meal of flour as part of the ration card items that the ministry is preparing for all citizens in the country.

The ministry said, quoting Minister Al-Jubouri, in a statement, that "instructions were issued to grain export companies to prepare civil and governmental mills with a new calculation of flour and prepare citizens within 48 hours of the processing process."

The statement added that the Ministry of Commerce is working according to exceptional measures to confront the global crisis and exploit the quantity of wheat marketed by farmers and farmers, as well as conducting tenders to buy wheat from foreign outlets.

The Minister of Commerce stressed in the statement,

He pointed out that "the laboratories of the Ministry for the manufacture and trade of grains check the quality of the processed flour, as well as the quantities of flour produced by the private and governmental mills."

It is noteworthy that the Ministry of Commerce launched the fifth meal and is ready to release a sixth meal of flour to all citizens.    https://kirkuktv.net/AR/Details/9576

Iraqi News Sunday Evening 10-9-22

Iraqi News Sunday Evening 10-9-22

Tlm724 Administrator Bondlady’s Corner

The Central Bank Of Iraq Receives An International Certificate In The Management Of Cash

October 09, 2022   Today, Sunday, the Iraqi Central Bank (ISO9001: 2015) has been related to the quality management system regarding the criticism management issued by TQCS International PTY LTD.

The company, which granted the certificate to the Director General of the Department of Issue and Carees, praised the efforts of the Central Bank of Iraq in applying international specifications and standards.

It is noteworthy that

this certificate is granted every three years to the institutions that apply international systems and standards for comprehensive quality management and institutional development, and

this certificate is supporting the bank’s operations for the management of cash with the requirements of the international standard for quality management.

The Central Bank of Iraq   information Office   9 - October – 2022 https://cbi.iq/news/view/2101

Parliament Presidency: The Finance Committee Will Make Recommendations To The Central Bank

Political | 01:32 - 09/10/2022   Baghdad - Mawazine News   The Presidency of the House of Representatives announced, on Sunday, that the Finance Committee will present recommendations to the Central Bank.

The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, said during the hosting of the Central Bank Governor and his agents, according to the official news agency, that "the Finance Committee has recommendations that it will present to the Central Bank."

He added, "A number of committee members will submit questions to the governor and his agents, and we will listen to the answers," noting that "there will be a second hosting of central bank officials." Ended     https://www.mawazin.net/Details.aspx?jimare=207745

Parliamentary Finance Meets In The Presence Of The Governor Of The Central Bank To Discuss A Number Of Files

Political | 11:54 - 09/10/2022  Baghdad - Mawazine News, First Deputy Speaker of Parliament Mohsen Al-Mandalawi chaired a meeting of the Parliamentary Finance Committee, in the presence of Central Bank Governor Mustafa Ghaleb, to discuss a number of files, including Central Bank sales during the foreign currency sale window and the loan file.

And a statement received by Mawazine News stated, "The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, is chairing an expanded meeting of the Finance Committee, in the presence of the Governor of the Central Bank, Mustafa Ghaleb, to discuss several axes, the most important of which is the Central Bank's sales file during the foreign currency sale window and the file of loans of all kinds, which were granted by the bank."

During the last period, especially the industrial and housing initiative, and the central bank's policy file on increasing the capital of commercial, Islamic and private banks.

The statement added, "The meeting will also witness a discussion of the feasibility study on the numbers of private commercial and Islamic banks, and the banks that have been placed under the custody of the Central Bank, as well as discussions on the results achieved by the platform for letters of guarantee established by the Central Bank and the extent of the banks' ability to apply them in the areas of banking work, and the supervisory role."

The Bank shall have the responsibility of commercial and Islamic banks regarding the fulfillment of some of the reluctance banks to fulfill their obligations towards their customers.    https://www.mawazin.net/Details.aspx?jimare=207737

Al-Mandalawi Gives The Central Bank One Week To Answer The Questions Of The Finance Committee

Political | 02:41 - 09/10/2022  Baghdad - Mawazine News, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, stressed, on Sunday, the need to take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.

Al-Mandalawi said in a statement issued while chairing an expanded meeting of the Finance Committee in the presence of Central Bank Governor Mustafa Ghaleb, that “the Central Bank is directly responsible for implementing the country’s banking policies, and it is concerned with developing the work of banks and monitoring their business in order to protect citizens’ deposits and keep pace with global development in this sector.

The important thing that the state relies on to develop the rest of the sectors such as industry, agriculture, investment, tourism and others,” stressing that “the bank must take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.”

Al-Mandalawi added, "The Central Bank has a period of one week to answer clearly the questions submitted by the members of the Finance Committee, and to provide the Committee with all documents related to the file of letters of guarantee and the currency sale window."

During the meeting, according to the statement, “a number of questions were raised by members of the Finance Committee related to the Central Bank’s currency sale window, industrial and housing initiative loans, and the Central Bank’s policies regarding increasing the capital of commercial, Islamic and private banks, custodial banks, letters of guarantee, and the bank’s supervisory role over banks.

And to come up with a set of recommendations, and to agree to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details.” Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=207752

The Minister of Planning and the Chairman of the Board of Supreme Audit participate in the Parliamentary Meeting With The Governor Of The Central Bank

Sunday 09 October 2022 14:17 | politicalNumber of readings: 113

Baghdad / NINA / - Minister of Planning Khaled Battal and Chairman of the Federal Financial Supervision Bureau, Ravel Yassin, joined the joint meeting of the Parliamentary Finance Committee and representatives of political blocs, held today, Sunday, with the Governor of the Central Bank and the bank's management advisers./ End 5   https://ninanews.com/Website/News/Details?Key=1006354

Government Advisor: We Have Missed Great Investment Opportunities Due To The Absence Of A Budget

Posted On2022-10-09 By Sotaliraq  A French report stated that Iraq missed many investment projects due to the absence of the budget and the delay in forming the government, despite the passage of a full year since the early elections.

A report by Agence France-Presse, which was followed by Al-Mada, stated that “on October 10, Iraq will complete a full year since the early parliamentary elections, in the absence of a new government or budget due to political paralysis that threatens to deprive the country of much-needed infrastructure projects and reform opportunities. “.

The report continued, "Iraq, an oil-rich country exhausted by decades of conflicts, achieved huge oil revenues during 2022, and these funds are located in the Central Bank, whose foreign currency reserves amounted to 87 billion dollars."

He pointed out, "The benefit of these funds in projects that Iraq needs is subject to the formation of a government with full powers and a budget that controls the pace of spending."

And the report indicated, "The current government, headed by Mustafa Al-Kazemi, has been handling business for a year and does not have the authority to submit the draft budget to Parliament."

Economist Yasar Al-Maliki says that "infrastructure projects need years of constant funding from the government."

Al-Maliki added, "The political situation has caused great turmoil, further weakening Iraq's already fragile position in front of its investors," explaining that "the political crisis was added to other concerns that existed for a long time, especially security and corruption."

The report stressed that “political differences are still continuing between the two prominent Shiite camps, the Sadrist movement on the one hand, and the coordination framework, which includes blocs representing the Popular Mobilization, an alliance of armed factions loyal to Iran that has become affiliated with the state apparatus, on the other hand.”

He stressed, "This is after a year of elections that initially witnessed hesitation among Iraqi voters, and with the inability of the two sides of the political crisis to resolve their differences, a new government has not yet been formed."

The report pointed out that "violence erupted on August 29 in Baghdad, between fighters from the Sadrist movement on the one hand, and the security forces and the Popular Mobilization Forces on the other, killing about 30 Sadr supporters."

And considered the United Nations representative in Iraq, Jenin Plaschaert, before a recent Security Council session, that these events were supposed to represent a "warning bell", adding that "the situation is still very volatile."

She added, "Many Iraqis have lost confidence in the ability of the political class in Iraq to work for the benefit of the country and its people."

The report continues, that “the World Bank estimated the growth of the Iraqi economy at an average of 5.4% annually between 2022 and 2024,” adding that “macroeconomic expectations are surrounded by a large degree of risks due to the heavy dependence on oil, the persistence of budget stalemates, and the delay in Formation of the new government.

And he continues, "Iraq, as a result of the absence of a budget, is spending today on the basis of the Federal Financial Management Law, that is, what was spent in the previous budget divided over 12 months, which does not reflect the reality of the revenues that the country achieved in 2022."

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirms that "these minimum budgets ... resemble the past, not the present or the future, and in which there are no opportunities for economic growth, and they deprive Iraq of major strategic projects."

And Saleh added, "Iraq has missed great opportunities, opportunities to invest in important, strategic and planned projects."

The report went back to pointing out that “Iraq, for example, signed a contract last summer with the French company (Total Energy), which includes many projects, especially in the field of the exploitation of associated gas and solar energy, worth ten billion dollars, partially funded by the Iraqi government. Its beginnings," an informed source says, "The Iraqi government is working to speed up work in it and raise obstacles before it."

The expert, Yasar Al-Maliki, spoke about “other projects that are moving at a slow pace in the oil sector, and with the absence of a government with full powers, the Ministry of Oil cannot finance, sign and award contracts for these basic projects.”

And the report stated, "The Iraqi parliament, and to meet emergency expenses, legislated the emergency support law in June, worth 25 trillion dinars (17 billion dollars), which allowed to meet the emergency needs of the population and buy grain to ensure food security, but also to ensure the purchase of energy and electricity from abroad."

Al-Maliki believes that “the Iraqi authorities, with the approach of the year 2023 without a budget, will have to either legislate a new law similar to food security” or continue spending on the basis of 12 months, that is, “reducing spending again.”

And the report continued, "Former Finance Minister Ali Allawi, the owner of the reform economic project, which did not completely turn into a tangible reality, did not hesitate upon his resignation to define the problem quite frankly."

Allawi stated, "All government plans and programs are always constrained by the need to obtain broad agreement from a torn political class," adding that "all calls for reform have been hampered by the political framework of this country."

The report is based on “the United Nations, which confirmed that out of every ten young people, four are unemployed, while a third of the 42 million population are below the poverty line.”   LINK

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

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Sunday Evening Iraq Economic News Highlights 10-9-22

Sunday Evening Iraq Economic News Highlights 10-9-22

Al-Kazemi’s Advisor Sets The Basic Criterion In Formulating Economic Policy

October 9, 2022   Baghdad / Obelisk: The Financial Adviser to the Prime Minister, Mazhar Muhammad Salih, set on Sunday, October 9, 2022, the main and main criterion in drawing up the country's economic policy, while stressing the country's need to establish a permanent economic council.

Saleh said in a statement followed by the obelisk, that "the basic and main criterion adopted by the government in drawing up economic policy, especially those affecting economic development, is the five-year development plan, which is the tool and chart that indicates essential goals, foremost of which is the happiness and well-being of the people."

He added, "The five-year development plan is funded in accordance with the budget strategy and its quantitative objectives, whose estimates extend to at least three years, and are renewed annually on a continuous basis with the mechanisms for preparing the annual federal budget and its legislation, as investment projects are divided sectorally according to fundamental criteria, the most important of which is the amount of their contribution to growth.

The annual economic index indicated by the development plan and according to the priority of the investment project in achieving economic diversification and sectoral integration and its ability to operate human energies and various other local capabilities and resources and their humanitarian necessities without neglecting their geography, which should affect the most disadvantaged areas in the country.

He continued: Based on the foregoing, the financing and important part of the annual general budget (after the operational budget) is the government's annual investment spending and ways of financing it, as it sets aside at least 20% of the total public spending planned to finance government investments, not to mention the activity of The investment undertaken by the private sector, which is indicated by the five-year development plan among its indicators, and which takes up no less than 35% of the annual investment in some sectors and reaches more than 50% in the housing sector, for example, out of the total annual target investment in the country.

He stressed, "The country is still in dire need of a permanent economic council that has executive powers for infrastructure and reconstruction, to ensure the implementation of strategic projects across governorates, such as major agriculture, transportation, water, energy, housing, construction and digital economy projects, all of which accelerate the degree of economic diversification and the transition to an advanced development era in an accelerated manner."

In the economic well-being, as well as the role of the Council in following up the sustainability of financing and implementation of these projects according to the timing and priority without delay or delay.”    https://almasalah.com/archives/21829

Governmental Adviser: Iraq Needs To Establish A Permanent Economic Council

Economie  14:25 - 09-10-2022   Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set the main and main criterion in drawing up the country's economic policy, while stressing the country's need to establish a permanent economic council.

In the economic well-being, as well as the role of the Council to follow up the sustainability of financing and implementation of these projects according to the timing and priority without stumbling or delaying.   https://kirkuktv.net/AR/Details/9561

Al-Kazemi's Advisor Confirms Iraq's Need To Establish A Permanent Economic Council

09/10/2022  Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, on Sunday set the main and main criterion in drawing up the country's economic policy, while stressing the country's need to establish a permanent economic council.

He stressed, "The country is still in dire need of a permanent economic council that has executive powers for infrastructure and reconstruction, to ensure the implementation of strategic projects across governorates, such as major agriculture, transportation, water, energy, housing, construction and digital economy projects, all of which accelerate the degree of economic diversification and the transition to an advanced development era in an accelerated manner." https://www.mawazin.net/Details.aspx?jimare=207747

Basra Gas Announces That Its Production Has Increased To 1000 Million Standard Cubic Meters Per Day

Energy      Economy News-Baghdad  On Sunday, Basra Gas Company revealed that its production has increased to 1,000 million standard cubic meters per day, and that greenhouse gas emissions have been reduced in the province's atmosphere.

"The company is currently treating 65 percent of the amount of gas produced per day, compared to oil production rates," the deputy director general, director of the Higher Production Authority, Marfa al-Asadi, said in a statement.

Al-Asadi added, "Gas production has increased by four times, as the company produces 1,000 million standard cubic meters per day, after production did not exceed 200 million standard cubic meters per day."

He pointed out that "this increase in the investment of burning gas has positively affected the reduction of greenhouse gases in the atmosphere of Basra, and the transformation of gas into cleaner energy for the benefit of Iraq."

He continued, "The company, since its establishment, has prevented the equivalent of 160 million tons of carbon dioxide equivalent gas, which was thrown into the atmosphere in exchange for its investment and conversion into clean energy." 67 . views    Added 10/09/2022 - 12:19 PM  Update 10/09/2022 - 3:06 PM    https://economy-news.net/content.php?id=30125

The Iraqi Stock Exchange Is Trading Shares Of 4 Billion Dinars In A Week

Shafaq News/ The Iraq Stock Exchange announced today, Sunday, the trading of shares with a financial value of more than 4 billion dinars during the past week.

The market said in a report seen by Shafak News Agency, "The number of companies whose shares were traded during the past week amounted to 55 joint-stock companies, while the shares of 45 companies were not traded due to the lack of convergence of purchase orders prices with sales orders, while 3 companies continued to stop for not providing disclosure out of 103 companies." listed on the market.

He added that "the number of traded shares amounted to 9 billion and 495 million and 958 thousand shares, an increase of 69% compared to the previous week, with a financial value of 4 billion and 320 million and 953 thousand dinars, down by 13% compared to the previous week, through the implementation of 2487 deals." Noting that "the ISX60 traded price index closed at 603.48 points, recording a decrease of 0.26% from its closing in the previous session."

He pointed out that "the number of shares purchased from non-Iraqi investors for the past week amounted to 229 million shares, with a financial value of 257 million dinars, through the implementation of 85 deals, while the number of shares sold from non-Iraqi investors amounted to 494 million shares, with a financial value of one billion and 12 million dinars from During the implementation of 339 transactions.

It is noteworthy that the Iraqi Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels and services.

LINK

The Five-Year Plan For Economic Reform Is On The Cusp Of Expiration... What Have You Achieved?

2022-10-08  Yes Iraq: Baghdad   Today, Saturday, the Ministry of Planning confirmed that Iraq is on the cusp of the end of the five-year plan for economic reform and addressing the effects of the Corona pandemic and the financial crisis in the country, while citizens and observers wonder about the results of the five-year plan that do not appear clear on the economic, financial and social indicators.

Ministry of Planning spokesman Abdul-Zahra Al-Hindawi said, "We are in the last year of the five-year plan from 2018-2022 and we have started preparing to write the third development plan 2023-2028."

He added, "As a result of the conditions that Iraq experienced after 2020 due to the Corona pandemic, and the financial crisis, the five-year plan derailed some of its tracks, and in order to address it, we developed a short-term plan for two years from 2022-2023, according to which we took three axes and basic plans."

He pointed out that "the first axis relates to the economic aspect, which talks about supporting the economy in its various sectors, supporting investment and the private sector, and the other social axis includes addressing the reality of health, education, social protection, and the ration card, indicating that" the third axis is spatial, which is concerned with bridging development gaps in the governorates. Within the vision map developed by the ministry.

Al-Hindawi added that "tasks were distributed to ministries, independent bodies and governorates to implement the policies and programs stated in the plan."    LINK

Previous Parliamentary Finance Decision: Only 10% Of Taxes Reach The State Treasury

2022-10-08   Yes Iraq: Baghdad   The former Rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, confirmed, on Saturday, that the taxes that enter the state treasury do not exceed 10 percent of the collection operations, indicating that the real percentage falls within the aspects of tax evasion and other pockets outside the state treasury.

Al-Saffar said that "the Iraqi tax system is old and is incompatible with the economic, administrative and social changes, and the country needs a comprehensive tax reform, and plans to address the widespread corruption in the joints of this institution."

He added, "Iraq is still working with Income Tax Law No. 113 of 1982, and this law is very old and needs a comprehensive change," stressing "the importance of changing the form of management of the Tax Authority through cadres working according to modern and advanced techniques and systems to eliminate corruption and suspicious agreements."

Al-Saffar revealed that “what enters the state treasury of taxes does not exceed 10 percent of the collection operations, while the real percentage falls within the aspects of tax evasion and other pockets outside the state treasury,” calling on the Integrity Commission and the supervisory authorities concerned to “investigate to uncover corruption and waste operations.” that affected the work of the Tax Authority over the past years.”

The Iraqi judiciary is currently investigating the case of the disappearance of $800 million from an account belonging to the tax department in the Rafidain Bank.   LINK

Sunday Evening Iraq Parliament News Highlights 10-9-22

Sunday Evening Iraq Parliament News Highlights 10-9-22

With Al-Sadr's Consent Or Otherwise, Political Sources Are Talking About Proceeding With The Formation Of The Government Next Monday

2022-10-09 07:19  Shafaq News/ Well-informed political sources suggested on Saturday the intention of the coordination framework and its allies to complete the government's file in the next parliament session.   The sources told Shafak News Agency; That "the session of the Iraqi Council of Representatives for next Monday may include naming the government and choosing the president of the republic."

The sources added; That this decision was taken both before the leader of the Sadrist movement, Muqtada al-Sadr, with the offer made to him by the coordination framework, which provides for granting him 6 ministerial portfolios from the total of ministerial portfolios for the Shiite component.

The sources continued; The offer made to al-Sadr guarantees him the right to choose the ministries he wants, and if he refuses, the framework and its allies will proceed with the project of naming the government as well.

The "Coalition of State Administration", which brings together the main Shiite, Sunni and Kurdish political forces, held an important meeting, earlier today, Saturday, to discuss the completion of the movement to form the new Iraqi government.

Informed sources told Shafaq News Agency, "The State Administration coalition, with all its forces, will hold an important meeting this evening in the capital, Baghdad, to discuss completing the movement to form the new Iraqi government and pushing the Kurdish forces towards resolving the dispute with the presidency."

The sources indicated that "the meeting of the State Administration Coalition will discuss the issue of forming a delegation representing it for the purpose of conducting dialogue and negotiation with the leader of the Sadrist movement, Muqtada al-Sadr, regarding the next government and its tasks."

And earlier today, Saturday, the head of the "Al-Fateh" coalition bloc, Abbas Al-Zamili, denied the existence of any secret meeting that brought together the leader of the coalition, Hadi Al-Amiri, with the leader of the Sadrist movement, Muqtada Al-Sadr over the past period, stressing that there will be a meeting that brings together Al-Amiri with Al-Sadr soon.    LINK

A Meeting Of A Number Of Politicians In Baghdad To Discuss Political Developments

political| 11:23 - 10/08/2022   Baghdad - Mawazine News   A political source said, on Saturday, a meeting of a number of politicians in Baghdad to discuss political developments.

The source told "Mawazine News", "A meeting brings together Bafel Talabani, Faleh Al-Fayyad, Muthanna Al-Samarrai, Mohsen Al-Mandalawi and Rayan Al-Kaldani in the capital, Baghdad."

He added, "The meeting came to discuss political developments." Ended 29 / p. 87

https://www.mawazin.net/Details.aspx?jimare=207706

Rights: We Previously Withdrew From Parliament With Dedication And Selflessness With The Sadrists

Political | 05:40 - 10/08/2022   Baghdad - Mawazine News   The Parliamentary Rights Bloc announced, on Saturday, its intention to work to "reduce the gaps" between the political forces and spare the country more crises, while it indicated that it had previously withdrew from the House of Representatives "dedication and selflessness" with the resigned Sadrist bloc.

"The movement is one of the new and young movements, and it is participating for the first time in the elections and represents various oppressed and marginalized Iraqi segments in order to recover their stolen and lost rights," said the head of the Parliamentary Rights Bloc, Hussein Mounis, during a press conference held at the parliament building.

He added, "The movement withdrew when fellow brothers in the Sadrist bloc announced their resignation from the House of Representatives in order to establish a new moral principle based on dedication, altruism, self-denial and non-conflict."

The head of the bloc continued,

Mounis noted that "our accession to the House of Representatives came in accordance with the entitlement of the votes of our voters, despite the unfairness and the theft of votes that the movement was subjected to during the electronic counting and sorting process, which we expressed our reservations about with clear positions and in peaceful ways.

Monis stated that "the rights movement was a national and popular product so that our voice would be independent and not linked to a specific political party or party. Therefore, the rights will defend the rights of the Iraqi people, and that our joining the House of Representatives is a message to everyone who thinks best of us, and we will be a model in serving our people."

Earlier today, Saturday, a deputy from the Badr bloc, and three lawmakers, took the constitutional oath as members of the Iraqi Council of Representatives, instead of the resigned Sadrist representatives. Ended 29/R77     https://www.mawazin.net/Details.aspx?jimare=207678  

Al-Halbousi: Iraq Will Present An Emergency Clause To The Meetings Of The Inter-Parliamentary Union To Stop The Attacks On Its Sovereignty

Posted On2022-10-08 By Sotaliraq    The Speaker of Parliament, Muhammad al-Halbousi, confirmed that Iraq will present an emergency item during the meetings of the Inter-Parliamentary Union to demand a cessation of attacks on its sovereignty from any party.

The Speaker of the House of Representatives said during the session held by Parliament today, Saturday (October 8, 2022), during which he discussed the recent Iranian bombing of the Kurdistan Region, that Iraq “will present an emergency item during the meetings of the Inter-Parliamentary Union to demand a cessation of attacks on its sovereignty from any side, and the interventions in its internal affairs,” stressing that “the House of Representatives will seek to obtain international solidarity in this regard.”

For his part, the Second Deputy Speaker of Parliament, Shakhwan Abdullah, said that “the committees formed regarding the repeated attacks and abuses by neighboring countries (Iran and Turkey), continued their work, and held meetings and meetings with the relevant ministries and the competent authorities, and prepared reports and recommendations, which will be Presenting it to the House of Representatives in the coming sessions.

He stressed that "the House of Representatives has done its thing regarding this file," noting that "the federal government is the concerned authority, and it has a mandate from the House of Representatives to take all firm measures to prevent the recurrence of repeated attacks and abuses of national sovereignty."

It is noteworthy that the session began with the swearing in of the constitutional oath by representatives (Karim Hussein Alawi Suhail Al-Saray - Nadia Muhammad Jabr Kambash Al-Aboudi - Saud Saadoun Ali Saleh Al-Saadi - Al-Halbousi: Iraq will present an emergency clause to the meetings of the Inter-Parliamentary Union  Hussein Moanis Faraj Abdul Redha).

The capital, Baghdad, witnessed strict security measures before the session was held, amid reports of the Sadrist movement's intention to demonstrate.

The measures included the closure of Tahrir Square, and the Cordoba intersection in front of cars and motorcycles, according to the correspondent of the Rudaw Media Network.

125 deputies had called for an extraordinary session, and the Parliamentary Security and Defense Committee hosted an Iraqi military and security leader about the bombing that targeted the headquarters of Iran's Kurdistan parties in the Kurdistan Region.

The second deputy chairman of the Parliamentary Security and Defense Committee, Sakfan Youssef, told Rudaw Media Network that the committee had requested hosting military and security leaders, and had prepared a report that it would present during the parliament session.

He added, "It is not expected that Parliament will be able to take a strong position regarding the Iranian bombing of the Kurdistan Region, and in the end it can condemn the bombing."

It is noteworthy that the Iranian Revolutionary Guard bombed, on (September 28, 2022), with missiles and booby-trapped drones, areas in Erbil and Sulaymaniyah governorates, killing 18 people and wounding more than 60 others.    LINK

The Kurdistan Democratic Bloc Calls On The International Community To Sponsor "Negotiations" With Iraq's Neighbors That Guarantee Its Sovereignty

2022-10-09 07:22   Shafaq News/ The Kurdistan Democratic Party bloc, Vian Sabri, called on the international community on Saturday to sponsor "negotiations" between Iraq and neighboring countries that guarantee the country's sovereignty, warning of the repercussions of the continued bombing on the lands of Kurdistan Region.

The head of the bloc, MP Vian Sabri, said during a press conference for the Kurdish parties held at the parliament building and attended by Shafak News Agency correspondent, "We participated today in the parliament session, which focused on the Iranian bombing that targeted Iraqi lands, including the governorates of the Kurdistan Region, at our request submitted to the Presidency of Parliament, with 126 signatures. A representative from all parliamentary blocs.

Sabri denounced the "recent Iranian aggression", and demanded that it be stopped because of its negative repercussions, noting that "this bombing led to dozens of martyrs and wounded and the destruction of government institutions."

She explained that "today's session was clear to condemn the violation of Iraqi sovereignty by neighboring countries," noting that "the outcome of the session was the formation of a joint committee of the security, defense and foreign relations committees with representatives from the federal government represented by the Ministry of Foreign Affairs and coordination with the Kurdistan Regional Government, and taking all measures from It would stop the repeated attacks under any pretext."

Sabri pointed out that "the council will present, during the meeting of the Inter-Parliamentary Union, an emergency item to demand the preservation of Iraqi sovereignty, the cessation of attacks and interference in Iraqi affairs, and obtaining international support."

And she continued, "The door of dialogue will remain open to all neighboring countries," calling on the international community to "work to prevent the recurrence of abuses, open an international investigation and sponsor negotiations that guarantee Iraq's sovereignty and commitment to good neighbourliness."   LINK

After The UN Warning, Has Iraq Become A "Failed State"?

The rampant corruption and the struggle over chairs is putting the country in a crater of gunpowder

Sabah Nahi is an Iraqi researcher and writer

Saturday October 8 2022 19:29  Blackshart's warnings were accompanied by a sudden warning from the British Foreign Office to its nationals against traveling to the Iraqi provinces (AFP)

In every briefing she gives to the UN Security Council , the representative of the Secretary-General of the United Nations in Iraq , Jenin Plasshart, puts her hand on the state of the country and sends alerts to the world about what it has reached.

And every time Plasschaert seems to be feeling his condition, he has not yet recovered, and I have found that over the last twelve months discord and the game of political influence have taken precedence over a sense of common duty.

She said that all actors along the political spectrum left the country in a long-term stalemate, and Iraqis were held hostage to an unpredictable and intolerable situation that turned into armed clashes.

Blackshart sounded the alarm as she watched the clashes close to her in the Green Zone, where state institutions and presidencies were stormed, and the sounds of bullets and snipers became near her head, to write, warning, "There is no justification for violence," pointing out that "there are still very realistic risks of further strife. And bloodshed."

Dozens of people were killed as a result of the confrontations of the demonstrations and the incursions into the International Green Zone, after the failure of the dialogue between the conflicting parties over money, power and positions, and the political process failed to bring the views closer to turn into a disaster in the lives of Iraqis who stayed home and turned into a silent, even shocking majority.

Solutions And Settlements

In her briefing, Plasschaert sees that "for dialogue to bear fruit, it is very important for all parties to participate in it. There are solutions, but only if there is a willingness to reach settlements. In the end, it all comes down to the political administration, but the disappointment of the people has reached the sky, Many Iraqis have lost faith in the ability of the political class to act for the benefit of the country and its people, and continued failure to address this loss of confidence will only exacerbate Iraq's problems.

The UN representative attributes the essence of the Iraqi crisis to "the political system and the system of governance ignoring the needs of the people at a time when rampant corruption represents a major root cause of dysfunction in the country. No leader can claim that he is protected from it, and keeping the system as it is will rebound with negative results."

The Political System Is Not Working

The writer Abbas al-Kinani described Plasschaert's briefing, saying, "Despite the repeated calls for dialogue between the Iraqi political forces, which were made by the UN representative and to hold all forces responsible for the current situation, but they directed stabs to the political process." As it is, the future is worse, and the system needs structural change.” He added that this is an explicit call for the international community to adopt the idea of ​​changing the political system in Iraq or delegitimizing it.

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Al-Kinani pointed out that Plasschaert's saying "the political class is unable to resolve the crisis" is pushing for international intervention in Iraq, especially when it announced its expectation of the worst.

Plasschaert's accusation of party leaders of corruption is explicit, and that their parties are just machines for corruption that exploit state institutions and resources for their own interests. collecting money.

Failed State

The candidate for prime minister, former Minister Muhammad Tawfiq Allawi, had confirmed that "Iraq is a failed state by all standards. Corruption is at the top of the list at unparalleled record levels all over the world. Indeed, it is the first country in the level of corruption."

Allawi said that "the services are the worst among the countries of the region, not electricity, knowing that he spent more than eighty billion dollars on electricity, while a quarter of this amount provides the best electrical network that is sufficient for Iraq for the next tens of years."

He pointed out that "drinking water is at the highest levels of pollution, and there is no country in the world in which tens of thousands of citizens were exposed to poisoning within a few days due to contaminated drinking water."

He also pointed out that "the infrastructure is the worst among the countries in the region, and hundreds of people are killed every year because of bad streets," in addition to "the worst sewage network, and even hospital waste is dumped untreated into rivers," as well as "the deterioration of the health and educational system and an increase in Unemployment, lack of human rights, lawlessness and the spread of drugs.”

British Warning

Blackshart's warnings were accompanied by a sudden warning from the British Foreign Office to its nationals from traveling to Iraqi provinces, except for Kurdistan, only when necessary.

The warning said Iraq remained vulnerable to regional tensions with a militia group it described as "anti-Western and a threat to the UK and other interests, including attacks on Global Coalition military bases, diplomatic buildings and foreign nationals".

The warning pointed to "the escalation of tensions due to the long negotiations on the formation of the government after the elections that took place in October (October) 2021."

Very Volatile

While the UN delegate described the situation as "extremely volatile", she stressed, "We do not have a magic wand, in the end it all comes down to political will."

In the end, Iraq today is located in an unknown world that Iraqis fear because of the possibility of a likely clash between the Shiite parties, whose situation deteriorated after the resignation of the 73 deputies of al-Sadr from Parliament, and the disruption of any attempt to elect the President of the Republic, the Kurdish candidate, or the prime minister, the candidate for the Shiite coordination framework, which made Blackshart This time the alarm bells sounded loud.

Plasschaert's statements are also accompanied by a storm of reproach from the sides of the Shiite framework, who see in their briefing a blatant interference that opens the door to external interference, which they reject and explain that what is happening is an Iraqi affair that can be overcome through dialogue.   LINK

U.S. Congressman Introduces Gold Standard Bill as Inflation Soars Out Of Control

U.S. Congressman Introduces Gold Standard Bill as Inflation Spirals Out of Control

Money Metals News Service   October 8th, 2022

Washington, DC – America’s currency would regain stable footing for the first time in half a century if a bill just introduced by U.S. Representative Alex Mooney (R-WV) becomes law.

Referred to as the “Gold Standard Restoration Act” by sound money activists, H.R. 9157 calls for the repegging of the Federal Reserve note to gold in order to address the ongoing problems of inflation, runaway federal debt, and monetary system instability.

Upon passage of H.R. 9157, the U.S. Treasury and the Federal Reserve would have 30 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note “dollar” would be pegged to a fixed weight of gold at its then-market price.

Federal Reserve notes would become fully redeemable for and exchangeable with gold at the new fixed price, with the U.S. Treasury and its gold reserves backstopping Federal Reserve Banks as guarantor.

“The gold standard would protect against Washington’s irresponsible spending habits and the creation of money out of thin air," said Rep. Mooney in a statement.

"Prices would be shaped by economics rather than the instincts of bureaucrats. No longer would our economy be at the mercy of the Federal Reserve and reckless Washington spenders.”

The Gold Standard Restoration Act also makes several findings as to the harm the Federal Reserve System has inflicted on everyday Americans – particularly since President Richard Nixon “temporarily suspended” gold backing of America’s monetary system in 1971.

H.R. 9157 points out the following: “The Federal Reserve note has lost more than 30 percent of its purchasing power since 2000, and 97 percent of its purchasing power since the passage of the Federal Reserve Act in 1913.”

Economists have observed that the elimination of gold redeemability from the monetary system freed central bankers and federal government officials from accountability when they irresponsibly expand the money supply, fund government deficits though trillion-dollar bond purchases, or otherwise manipulate the economy.

“At times, including 2021 and 2022, Federal Reserve actions helped create inflation rates of 8 percent or higher, increasing the cost of living for many Americans to untenable levels…enrich[ing] the owners of financial assets while… endanger[ing] the jobs, wages, and savings of blue-collar workers,” H.R. 9157 states.

Notably, Rep. Mooney’s bill would also require full disclosure of all central bank and U.S. government gold holdings and gold-related financial transactions over the last 6 decades – a seemingly taboo subject surrounded by mystery and deception.

“To enable the market and market participants to arrive at the fixed Federal Reserve Note dollar-gold parity in an orderly fashion... the Treasury Secretary and the Board of Governors of the Federal Reserve shall each make publicly available… all holdings of gold, with a report of any purchases, sales, leases, and any other financial transactions involving gold, since the temporary suspension in August 15th, 1971, of gold redeemability obligations under the Bretton Woods Agreement of 1944.”

“A return to gold redeemability would arrest the problem of inflation, restrain the growth of wasteful and inefficient government, and kick off an exciting new era of American prosperity,” Gleason concluded.

Read Full post here:  https://www.moneymetals.com/news/2022/10/08/us-congressman-introduces-gold-standard-bill-as-inflation-spirals-out-of-control-002607

"Tidbits From TNT" Monday Morning 10-10-2022

TNT:

CandyKisses:  President Saleh on the First Anniversary of the Early Elections: A Cruel Reminder of Missed Opportunities

A year has passed since the elections have not completed their constitutional entitlements. \

A harsh reminder of the missed opportunities for our country, and an important incentive for unity and inclusive national dialogue, the basis and end of which will be the interest of the nation and citizens and the fulfilment of their right to a free and dignified life.

 It is time to end the spiral of crises and establish good governance. 

Tishwash:  A year after the elections, a report sheds light on the political reality in Iraq

Iraqis went out a year ago to vote in the first early elections, which came as a result of the pressures generated by the popular October protests, but the political parties are still witnessing inability to form a government in accordance with the benefits brought by the last elections, as well as their entry into a stifling crisis, Politicians have not found any way out so far.

The caretaker government, headed by Mustafa Al-Kazemi, continues to run the country's affairs, despite the current pressures that Iraq is going through.

The percentage of voting boycotts in the legislative elections reached about 57%, as the High Elections Commission announced that the participation rate is estimated at 43%, and according to these figures, the percentage of boycotts exceeded that recorded in 2018, which was 44.5%, according to official figures.

Chest win:

The results announced by the Electoral Commission showed that the Sadrist bloc won the largest number of seats, as it won 73 seats out of 329 seats in the House of Representatives, followed by the “Taqaddam” bloc headed by the current Speaker of Parliament, Muhammad al-Halbousi, with 38 seats, and the State of Law bloc came in third place. With 37 seats.

Supporters of the Sadrist movement celebrated the emergence of its progress in the results, and rallies roamed the streets of the capital, Baghdad, raising Iraqi flags and pictures of Muqtada al-Sadr.

Muqtada al-Sadr described the elections as "the day of victory over the militias," saying that "the time has come to disband the militias and confine weapons to the state."

Appealing the results:

On the other hand, parties announced their appeal against the results of the early legislative elections, denouncing the occurrence of “manipulation” and “fraud.”

The gains of the Al-Fateh Alliance led by Hadi Al-Amiri declined, as it won 14 seats after it had won 45 seats in the previous elections in 2018, while the State of Law coalition, headed by former Prime Minister Nuri Al-Maliki, managed to achieve more than 30 seats, and the Al-Fateh Alliance scored more than 30 seats. Which represents the Popular Mobilization, a significant setback in the new parliament, which prompted it to form alliances.

Formation of the coordinating framework:

The coordination framework was formed on October 11, 2021, with the aim of coordinating the positions of the Shiite forces rejecting the preliminary results of the early parliamentary elections, which demanded that they be recounted manually, due to the significant decrease in the number of their seats compared to the previous elections.

It includes 130 parliamentarians with the aim of forming a consensus government, and the leader of the Sadrist movement, Muqtada al-Sadr, opposed it, demanding a political majority government in which other forces did not participate.

Single meeting:

In December 2021, the Shiite house met in the house of the head of the Fatah Alliance Hadi al-Amiri, in a meeting that brought together Muqtada al-Sadr and the forces of the coordinating framework, including Nuri al-Maliki, Haider al-Abadi, Qais Khazali, Faleh al-Fayyad, and Ammar al-Hakim.

After the meeting, al-Sadr announced that the next Iraqi government would be a "national majority government, neither eastern nor western," in a tweet to him on Twitter.

Al-Halbousi’s election:

On January 9, 2022, the new Iraqi parliament elected Muhammad al-Halbousi as its speaker after a first session of the Parliament, which was characterized by chaos and altercations between representatives and tension between the Sadrist movement and the “Iran-backed” parties and groups.

The session witnessed violent altercations and chaos, during which the head of the session, which was chaired by the oldest MP, Mahmoud al-Mashhadani, 73, was subjected to an “assault,” after which he was taken to the hospital.

“Save a Homeland” announcement:

On March 23, 2022, the “Save a Homeland” alliance was announced, bringing together the “Sadr movement” led by Muqtada al-Sadr, and the “Sovereignty” alliance, the political representative of the Sunni Arabs in Iraq, led by Khamis al-Khanjar (the alliance includes the “Progress” movement led by Muhammad al-Halbousi and the Azm Movement, and the ruling Kurdistan Democratic Party in the Kurdistan region led by Massoud Barzani. The coalition succeeded in gathering about 180 deputies in Parliament.

The nomination of Jaafar al-Sadr

On the same day, al-Sadr announced the nomination of the Iraqi ambassador in London, Jaafar al-Sadr, to head the new government, but after the Sadrist bloc's decision to resign from Parliament, Jaafar al-Sadr announced his withdrawal from the nomination.

The Broken Three"

“Save the homeland” lost its mainstay with the withdrawal of the Sadrists from Parliament and the political process as a whole, in June 2022 after his failure to form the government due to the “blocking third” in the House of Representatives, which was like a “stick in the wheel” that obstructed the election of the presidents of the republic and government.

The Federal Court of Iraq stipulated, during a statement on February 3, 2022, that Parliament elect a President of the Republic from among the candidates for the position by a two-thirds majority of the total members. The quorum is achieved by the presence of two-thirds (220) of the total number of parliament members (329).

The forces of the coordination framework headed by al-Maliki and al-Amiri managed to gather more than a third of the Iraqi parliament, and disrupted the two sessions of electing the president of the republic for two consecutive times.

In turn, the Supreme Judicial Council decided, on April 3, 2022, the constitutionality of the blocking third in the Iraqi parliament.

The President of the Council, Judge Faiq Zeidan, said in a televised interview, “The term guarantor or blocking third has no text in the constitution,” adding that “the Federal Court has worked hard to keep the President of the Republic in his position because this case does not apply to the constitutional text of the vacancy of the position.”

green events

On July 30, al-Sadr called on his followers to storm the Green Zone and sit inside the parliament building, to prevent the holding of any sessions that might lead to the formation of a government led by the Coordination Framework forces that have become constitutionally qualified to nominate their candidate for prime minister and assign him by the elected president of the republic to form the new government.

Two weeks after al-Sadr's supporters stormed parliament and demanded the judiciary to dissolve it, in the context of his call for new elections, supporters of the "coordinating framework" carried out their own sit-in in Baghdad to pressure for the formation of a new government.

Both factions have set up competing camps in Baghdad, where Sadr's supporters are located inside the Green Zone, while their opponents, the supporters of the "coordinating framework", are spread outside it.

Al-Haeri announces his “famous” fatwa

The Shiite religious authority, Kazem Al-Hairi, issued a statement on August 29, 2022, declaring not to continue as a religious authority and to “drop all agencies and permissions issued by us or by our offices and not to receive any legitimate rights by our agents and representatives on our behalf as of the date of this announcement.” According to the statement.

Al-Haeri justified his decision with “illness and advanced age” and demanded “obedience to the leader of the Islamic Revolution, Ali Khamenei,” on the grounds that he is “the most worthy and most qualified to lead the nation and manage the struggle with the forces of oppression.”

Hours later, Muqtada al-Sadr announced his retirement from political work, and said in a statement that he was retiring from political work permanently after "I wanted to make the distortion that was caused by the Shiite political forces."

Al-Sadr said that Al-Haeri’s retirement “was not of his own free will,” adding: “I have never claimed infallibility or diligence, not even (the leadership), but I enjoin good and forbid evil ... I only wanted to bring them (Shiite political forces) closer to their people and to feel with his suffering.”

In a final attempt to exclude the coordination framework, groups of the Sadrist movement stormed the Green Zone for more than 18 hours on August 29 and 30, then withdrew after a directive from their leader.

11 initiatives to solve a crisis

Various political parties advanced, about 11, to solve the crisis of forming the government, but they all failed to bring the two main camps of the crisis, the “Sadr movement” and the “coordinating framework” together.

Among the 11 initiatives, 3 of them were for the coordination framework, 3 were for the Sadrist movement, an initiative by independent representatives, an initiative by the civil “extension” movement, an initiative by Sunni political forces, and two initiatives by Kurdish forces, without leading to any solutions.

Sudanese nomination

On July 25, 2022, the "Coordination Framework" announced the nomination of Muhammad Shia Al-Sudani, for the position of Prime Minister of the next government

Formation of a “state administration coalition”

The State of Law coalition, led by Nuri al-Maliki, announced on September 24, 2022, the formation of the "Coalition of State Administration" and includes (the coordination framework, the Alliance of Resolve, the Alliance of Sovereignty, the Democratic Party, the National Union, the Babylon Bloc) to form the new Iraqi government, without success so far. .

The crisis of forming the new government is one of the most complex political crises that Iraq has witnessed since 2003. According to the prevailing political norm in Iraq after the first parliamentary elections in 2005, Shiites head the government, Kurds head the republic and Sunnis head parliament.

link

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Fatah: The President of the Republic will be elected next week, and a delegation including Al-Fayyad and Al-Halbousi will visit Erbil.

The head of the Fatah Alliance parliamentary bloc, Abbas Al-Zamili, expects the election of the President of the Republic in the House of Representatives early next week.

Al-Zamili said in the program “Al-Mastra” broadcast by Al-Furat satellite channel this evening: “We are moving towards the election of the president of the republic and the formation of the government for a short period of time.” If they do not reach an agreement, parliament will have to choose one of the candidates, but we do not want to reach this stage."

He added, "Before the middle of this month and the beginning of next week, a president will be elected if a channel of communication and understanding is not opened with Mr. Sadr."

He revealed, "The visit of a delegation (from the State Administration Coalition), including the head of the Popular Mobilization Authority, Faleh al-Fayyad, and Parliament Speaker Muhammad al-Halbousi, to Erbil, to meet with the leaders of the Kurdistan Democratic Party to discuss political affairs and efforts to complete the constitutional entitlements."

Al-Zamili called "the two Kurdish parties to reach an understanding, either by agreeing on one presidential candidate or going to parliament with two candidates," noting that "the framework is pressing in this direction and resolving the matter in the near term and as political forces called upon to save the country by completing the political benefits."

He stressed, "We are ready to negotiate to a maximum point with the Sadrist movement, despite our knowledge that the movement's decision is exclusively in the hands of Mr. Muqtada al-Sadr," noting that "the framework candidate, Muhammad Shia al-Sudani, is a person who enjoys the confidence and acceptance of the majority of political forces," as he put it.
And on the draft law on addressing housing abuses, Al-Zamili said: "The framework rejected the slums law, but the parliament speaker insisted on reading it first."

He explained, "We are in favor of going towards land ownership as a reality, especially in the (agricultural title)," noting that "this law will be transferred to the new government."   link

buuuuuuuut...

The rule of law denies holding a session to choose the president of the republic next Wednesday: a decisive meeting only

Today, Sunday, the leader of the State of Law coalition, Turki Al-Atabi, denied holding .a session to choose the president of the republic next Wednesday

Al-Otbi said in an exclusive statement to (Baghdad Today) that "on Wednesday, we will hold a meeting with a Kurdish delegation in Baghdad to resolve the position of ".President of the Republic

He continued, "We hope that the Kurdish delegation will present a consensual ".candidate, otherwise our option will be to repeat the 2018 scenario again Al-Otbi expected, "The decision session will be held next week because the situation ".in the country requires action in order to start forming the government    link

Mot: ... YOu Tell um - Earl!! ~~~~~

Mot: .... It's A Family Thingy I Thinks! ~~

Sunday AM Iraq Parliament News Highlights 10-9-22

Sunday AM Iraq Parliament News Highlights 10-9-22

The Democrat Responds To The 10-Day Deadline And Lies About The Formation Of The Government

Sumerian special  2022-10-08 | 14:38 Source:  Sumerian  8,207 views   Today, Saturday, the Kurdistan Democratic Party denied allegations that the coordination framework had given a 10-day deadline to resolve the Kurdish parties’ candidate for the presidency, while lying about an issue that caused the Kurds to delay the formation of the government.

The party's deputy, Shirwan Al-Dobardani, said during his speech to the "Bakhtazel" program broadcast by Alsumaria satellite channel, that "it is not correct to give the coordination framework a deadline of 10 days in order for the Kurdish parties to resolve the file of the Presidency of the Republic."

He added, "The Kurds are not a reason for delaying the formation of the government," noting that "there will not be a parliament session related to the presidency and the ministers unless the Shiite parties agree and resolve their differences." Al-Dobardani indicated that "the State of Law coalition supports the candidate of the party, Reber Ahmed, for the presidency."

He continued, "Disputes  Sadrist Movement And the coordinating framework delayed the resolution of the issue of the President of the Republic."   LINK

Mutual Kurdish-Shiite Accusations... Who Bears The Responsibility For Delaying The Formation Of The Government?

Sumerian special   2022-10-08 | 13:10   Source: Alsumaria news   5,782 views   A few days separate us from the passage of a full year since the "early" elections were held on November 10, 2021, and the political blockage continues to extend its control over the Iraqi scene, so neither sit-ins nor initiatives have been able to decipher the current crisis, whose complexity is increasing day after day, especially with the continuation of Kurdish-Kurdish, and Shiite-Shiite disputes over the presidency and ministerial positions, amid accusations against both sides of obstructing the path of government formation.

The Kurdish parties, although they differed among themselves on the issue of the “president,” they agree that the Shiites, with their differences, are the reason for delaying the process of forming a new government with full powers.

Shiite The ball is thrown into the Kurds’ court, and the process of delaying the announcement of the formation of the government is attributed to the absence of a Kurdish agreement on a candidate for the presidency, especially since the coordination framework (the largest bloc in Parliament after the withdrawal of the Sadrist bloc) has been put forward.”

Muhammed Shiaa Al-Sudani [/url] As a candidate for the position of prime minister, it is known that he will only pass through the new president of the republic.

"The Shiite-Shiite conflict led to the political stalemate and the deterioration of the situation in the country," this is what the representative of Kurdistan Democratic Party  morning sobhi, who also pointed out that the cause of the crisis is "the lack of agreement of the parties."Shiiteover the prime ministership and the cabinet.”

Sobhi adds, in an interview with  Alsumaria news "The problem now is not with the Kurdish party, but with the Shiite party, which has not reached an agreement regarding candidates for the cabinet and the formation of the government."

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“We need time” .. Al-Barti on the presidential candidate: We have not agreed so far

05:59 | 2022-10-8

The Democrat responds to the 10-day deadline and lies about the formation of the government

13:38 | 2022-10-8

The coordination framework reveals the date for resolving the formation of the government - urgent

05:54 | 2022-10-3  

The representative of the Democrat indicated that "the Kurdish parties have not yet agreed on a candidate for the presidency, but there are announced negotiations and joint understandings, and these understandings need time," but he stressed that "if the parties reachShiiteOn

the other hand, the State of Law coalition indicates that “the political process is going in the right way, but the forcesShiiteWaiting for the Kurds to agree on a candidate for the presidency until the file of forming the new government is resolved.”

The coalition MP says, Jawad Al-Ghazali, for Alsumaria news, that "in the next few days, it will be agreed to hold a parliamentary session to pass the President of the Republic, and to end the rest of the entitlements," explaining that "the problem that stood in the way of forming the government is the lack of agreement by the Kurdish forces on the candidate of the President of the Peace Palace." The political analyst thinks,

Ali Al-Baydar The coordinating framework, which is considered the semi-sole representative of the Shiite component in Parliament, "fears a reaction." Sadrist Movement After the formation of the government, he argues that the Kurdish disputes will not be resolved.”

Al-Baydar says to Alsumaria news, "The coordination is afraid of a reaction Sadrist Movement  And the resulting events that may amount to violence and confrontation, if he decides to proceed with a government without the consent of the current.” On the other hand, the Kurdish parties are able to resolve their position within 24 hours, as they have maneuvers through seats or positions within a region.

And he continues: "If the forces of the framework had ensured that there would be no Sadrist reaction, it would have held a parliamentary session without regard for the positions of the Kurdish House."

KurdistanIt could be exploited to end the crisis of the presidency, according to Al-Baydar, who reiterates that the only obstacle to forming a government is "fear from the position of the current."   LINK

The House Of Representatives Discusses The Iranian Bombing Of The Kurdistan Region

Iraq   13:14 - 08-10-2022  Today, Saturday, the House of Representatives began discussing the Iranian bombing of the Kurdistan Region.

A statement by the Media Department in the House of Representatives stated, "The House began discussing the Iranian bombing of the areas of the Kurdistan Region of Iraq."

Today, Saturday, Parliament Speaker Mohammed Al-Halbousi opened the work of the parliament's session for the second legislative term.

A statement by the Media Department of the House of Representatives stated that "Al-Halbousi opened the work of the 3rd session, in the presence of 198 deputies."    https://kirkuktv.net/AR/Details/9530

Deputy: The Coordination Framework Is Keen To Maintain Bridges Of Communication With The Current

Iraq   11:21 - 09-10-2022   The head of the Al-Fateh Alliance bloc in the Iraqi parliament, Abbas Al-Zamili, stressed, on Sunday, that all political forces are united in the need for the Sadrist movement to return to talks to form the government.

Al-Zamili said, "The head of the Al-Fateh Alliance, Hadi Al-Amiri, is keen on the sustainability and continuity of the Sadrist movement in the political process," noting that "there are political endeavors for the Sadrist movement to be part of the formation of the new government in order to calm the political and security situation."

He pointed out that "the coordination framework works according to the formula of respecting the Sadrist movement and appreciating their positions and efforts, with the need to preserve their political presence."

Al-Zamili pointed to "the need for calm and the adoption of dialogue as a way to resolve differences," saying that "sitting the current and the framework at the table of real dialogue is enough to end political crises."   https://kirkuktv.net/AR/Details/9552

Parliamentary Services On The Slum Law: We Have A Number Of Objections

2022-10-08 | 14:45   Source:   Sumerian   5,763 views   A member of the Services Committee in the House of Representatives, Madiha Hassan, said today, Saturday, that the Presidency of Parliament proposed the slums law without submitting it to the committee.

Hassan said in an interview with the program Balmakhtaz on Alsumaria satellite channel, that "the slums law was read during previous sessions, and the parliament presidency included its reading during today's session, but without presenting it to the Services Committee  [/url]," adding: "We asked to postpone the reading, but Parliament Speaker Muhammad al-Halbousi asked to add amendments in later".

She added, "We have objections to the slum law, and tomorrow a number of amendments will be added to this law."

And she continued, "If the citizen is able to pay rent, why does he go to live in slums?"

Earlier in the day, the House of Representatives began the first reading of a bill dealing with residential abuses.   LINK

Parliament Orders The Formation Of An Investigative Committee Regarding The Publication Of The "Kurdish Language"

2022-10-08 | 14:07   Source:   Alsumaria news   5,737 views   On Saturday, Deputy Speaker of the House of Representatives, Shakhwan Abdullah, directed the formation of an investigative committee on the publication of the General Directorate of Evaluation and Examinations on the subject of the Kurdish language.

Abdullah's office said in a statement, "Vice President of Iraqi parliament [/url] He directed the Parliamentary Education Committee to form an investigative committee to find out the reasons for the circular issued by the General Directorate of Evaluation and Examinations in the Ministry of Education, which includes not considering the student a failure in the Kurdish language if he does not obtain a passing grade.

Abdullah confirmed, according to the statement, that “those issued circulars and procedures are a clear violation of Article (4) first of the Constitution, which states: Arabic and Kurdish are the two official languages ​​of Iraq, and Articles (2/4) and (2/5) of the Official Languages​​Law No. 7 of the year 2014".

He called on the Ministry of Education to "cancel the content of the circulars issued by the General Directorate of Evaluation and Examinations because they are not studied and violate the constitution and laws in force, and we must avoid dealing with bilingual languages ​​in school subjects and educational curricula."    LINK

Al-Halbousi Issues A Directive Regarding The Bombing Of Iraqi Lands

Policy  2022-10-08 | 08:57  4,830 views   Today, Saturday, Parliament Speaker Muhammad al-Halbousi directed the Parliamentary Security, Defense and Foreign Relations committees to investigate the entire events of the bombing on Iraqi territory.

Al-Halbousi’s office said in a statement received by Alsumaria News, that the latter “instructed the security, defense and foreign relations committees to investigate all the bombing incidents on Iraqi lands in coordination with the federal government and the Kurdistan Regional Government, to know their procedures in this regard with the UN Security Council and the United Nations , provided that Submit the report to Parliament.

For months, Iraqi lands have been subjected to Turkish bombardment on one hand, and Iranian bombardment on the other, which leads to casualties, injuries and material losses.   LINK

Parliament Adjourns Its Session To Next Monday

Policy   2022-10-08 | 09:50   2,725 views    The House of Representatives adjourned its session, which was held on Saturday, to next Monday.

The Media Department of the House of Representatives said, in a statement received by Alsumaria News, that "the Council has adjourned its session to next Monday."

Earlier in the day, Parliament Speaker Muhammad al-Halbousi inaugurated the work of Parliament's session No. 3 for the second legislative term, in the presence of 198 deputies.   LINK

"Tidbits From TNT" Sunday 10-9-2022

TNT:

Tishwash:  A member of it: Parliamentary Finance is awaiting sending 3 important laws

A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed today, Sunday, that the committee is waiting for 3 important laws to be sent by the government.

Cougar told Al-Furat News that: "The laws that the government will send, such as the budget law, the law to unify the salary scale, or a law similar to the emergency food support law are awaiting."
He stressed "the priority of the budget law in sending it to the House of Representatives, especially since time so far will allow for that."

"There is time and space for all political parties to form a government," Cougar added. link

Yada: The Kurds have not presented a candidate. They keep referencing the 2018 election and that was when two candidates were presented and all of parliament voted in the President. Looks like that is what they want to happen again so they can wrap this up before the UN comes in and takes over.

Annie68:  What do you think the chances of Kurdistan staying with Saleh?

Yada:  annie. We know Sadr has the greatest influence and thus far stopping the formation by the Framework. Glad he is because they want to keep the consensus government, the government that has everything backed up now. BUT,,,The Kraken is at their door. Kurds want to pull the trigger but will they all let it all collapse for the sake of stopping the Framework . What would you be willing to do?

CharlieOK:  Trying to figure out Iraq from articles coming out of Iraq is useless. The crooks are in the henhouse and there they will stay until the US/UN turns out the lights.

Yada: Charlie, now the UN put them on notice with all their shanigans and they know who is coming for them.

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Tishwash:  The Central Bank announces the printing of a new category

The Central Bank of Iraq announced the printing of the new 20 thousand dinars denomination, which will be included in the normal monetary practices of the Central Bank and within the framework of reconsidering the structure of the national banknote series.

This category will be intermediate to the structure of the coins and will be enhanced with high security marks from the latest globally and will provide an addition to the smaller denominations such as the five thousand and the ten thousand.

The twenty thousand denomination will be of the (standard) size under which the fifty thousand denomination was printed, and it will also bear Iraqi features, as was done in the currencies that preceded it.

The 50 thousand category is sufficient at the present time for the upper limit of the Iraqi currency, which is a very strong and sober category and can be used for storage, savings and cash transactions.  link

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Samson:  Parliament gives the central bank governor 7 days to answer questions about the currency sale window

On Sunday, the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, gave the Central Bank of Iraq one week to answer the questions of the Finance Committee regarding the currency sale window, stressing the need to take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.

This came while he chaired an expanded meeting of the Finance Committee, in the presence of Central Bank Governor Mustafa Ghaleb Mokhief, according to a statement received by Shafak News Agency. Al-Mandalawi said, "The Central Bank is directly responsible for implementing the country's banking policies, and it is concerned with developing the work of banks and monitoring their work in order to protect citizens' deposits and keep pace with the global development in this important sector on which the state depends to develop the rest of the sectors such as industry, agriculture, investment, tourism and others, stressing the "The bank must take more effective precautionary measures to address the inflation resulting from the devaluation of the dinar against the dollar."

During the meeting, a number of questions were raised by the members of the Finance Committee related to the currency sale window of the Central Bank, the loans of the industrial and housing initiative, the Central Bank’s policies regarding increasing the capital of commercial, Islamic and private banks, custodial banks, letters of guarantee, and the bank’s supervisory role over banks, and to come up with a sentence From the recommendations, and agreeing to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details.”

According to the statement, Al-Mandalawi gave the Central Bank a period of one week to answer clearly the questions submitted by the members of the Finance Committee, and to provide the Committee with all documents related to the file of letters of guarantee and the currency sale window. link

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CandyKisses:  The United States launches an attack on “OPEC” and India is “surprised”

America launched an attack on the OPEC alliance after the latter cut its oil production by two million barrels per day, after oil prices fell to less than $90 a barrel

America: The cut is supportive of Russia

US Treasury Secretary Janet Yellen said that the OPEC + decision to reduce oil production was "unhelpful and unwise" for the global economy, especially emerging markets, expressing its deep concern about developing countries and the problems they face

The White House also said in a statement signed by National Security Adviser Jake Sullivan and Senior Economic Adviser Brian Dees that Biden was "disappointed by the short-sighted OPEC+ decision. As for presidential spokeswoman Karen-Jean-Pierre said that the decision "constitutes a mistake," adding, "It is clear that through his decision today, the OPEC + alliance stands with Russia

India surprised by the amount of the reduction

As for India, it is the third largest consumer and importer of oil in the world, and it relies heavily on its imports from the Arab Gulf states and Russia in the recent period. It was surprised by the decision. Indian Oil and Natural Gas Minister Hardeep Singh Puri said that the global market was preparing to reduce production by about one million barrels per day, so many countries in the world were surprised by the decision to reduce production by two million barrels

The Indian minister expected that oil prices will rise due to the lack of crude supplies that will be put on the global market, adding that the rise in oil prices will contribute to exacerbating the economic stagnation, which in turn will lead to a reduction in demand, and the matter will turn in a vicious circle

OPEC: America's emotional statements

Saudi Energy Minister Abdulaziz bin Salman said, after the first in attendance meeting of coalition members since March 2020, that the priority of "OPEC +" is "to maintain a sustainable oil market

Meanwhile, Iraqi Oil Minister Ihsan Abdul-Jabbar said that the decision prevents the continued decline in oil prices. Sumo added that Iraq's share of production after the reduction will reach 220,000 barrels per day

Meanwhile, Saudi Minister of State for Foreign Affairs Adel Al-Jubeir confirmed that his country does not "politicize" oil and that the rise in oil prices in America is due to a lack of refining capacity, in response to Washington's criticism of the OPEC + decision to cut production during its meeting last week. Al-Jubeir considered that the statements made by US President Joe Biden and a number of members of the Democratic Party were "emotional" and interfered with the preparation of the upcoming midterm elections in America

The organization, which includes 13 countries and its 10 allies led by Russia, agreed that during their meeting in Vienna it was agreed to cut production by two million barrels per day, starting in November, in what is the largest reduction since the height of the Covid pandemic in 2020

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More Iraqi News Saturday Evening 10-8-22

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The Iraqi Market Announces 5 Gains Achieved In Cooperation With The Central Bank And The Securities Commission

Economie| 07:08 - 10/08/2022    Baghdad - Mawazine News  The Iraq Stock Exchange confirmed, on Saturday, that its cooperation with the Central Bank and the stock market has achieved 5 goals and gains.  The Executive Director of the market, Taha Ahmed Abdel Salam, said to the official news agency, "The cooperation with these two parties has achieved goals and gains, represented first by working to oblige the brokerage offices owned by banks to convert to brokerage companies starting from 2008-2009, to be financially independent in accordance with the Companies Law.

And in line with the rules of the Securities Commission, and secondly, the cooperation resulted in obligating banking companies and money transfer companies to be listed in the Iraqi Stock Exchange based on the decision of the Ministerial Economic Committee in 2013 and meeting the criteria of the Securities Commission for listing, which made the banking sector the largest sector listed in the Iraqi market Securities.

He added, "The third gain includes holding joint committees between the three parties periodically, which would develop the securities sector continuously, while the fourth gain includes the use of the payment system in implementing financial settlements between Iraqi banks, in addition to banking activity between the bank and its branches, which increased the Liquidity of shares by examining and checking the sources of funds upon purchase.

And Abdul Salam continued, "In this context, the due diligence of banking for dealers through banks, is offset by due diligence for those dealing in shares in the Iraqi Stock Exchange since 2015, especially since the Iraqi Stock Exchange does not accept cash transactions for buying shares or paying, except with less than limits. About 15 million dinars per investor per session.

He stressed that "the fifth gain is the cooperation of the three parties in the context of supporting banks to provide the service of safe custody of securities, and during 2022 the Central Bank of Iraq granted approvals to four Iraqi banks that submitted their papers to the Securities Commission to practice the activity of safe custody of securities, and all of them were approved at the beginning of the month November 2022.

Abdul Salam concluded by emphasizing that "there will be mechanisms of cooperation and joint action to enhance the role of the securities sector in supporting economic activity in Iraq." Ended

https://www.mawazin.net/Details.aspx?jimare=207684

From 3 Axes .. A New Plan To Address The Financial Crisis In The Country

Local | 06:34 - 08/10/2022   Baghdad - Mawazine News   The Ministry of Planning confirmed, on Saturday, the development of a short-term plan of 3 economic, social and spatial axes to address the effects of the Corona pandemic and the financial crisis in the country.

"We are in the last year of the five-year plan from 2018-2022 and we have started preparing to write the third development plan 2023-2028," Ministry of Planning spokesman Abdul-Zahra Al-Hindawi told the official news agency.

He added, "As a result of the conditions that Iraq experienced after 2020 due to the Corona pandemic, and the financial crisis, the five-year plan derailed some of its tracks, and in order to address it, we developed a short-term plan for two years from 2022-2023, according to which we took three axes and basic plans."

Al-Hindawi pointed out that "the first axis relates to the economic aspect, which talks about supporting the economy in its various sectors, supporting investment and the private sector, and the other social axis includes addressing the reality of health, education, social protection, and the ration card, indicating that" the third axis is spatial, which is concerned with bridging development gaps. In the governorates within the vision map set by the ministry.” And Al-

Hindawi continued that “the tasks were distributed to the ministries, independent bodies and the governorates to implement the policies and programs stated in the plan.” Ended 29/R77

https://www.mawazin.net/Details.aspx?jimare=207683

Planning Reveals A Short-Term Plan To Address The Effects Of The Corona Pandemic And The Financial Crisis

Money and business  Economy News – Baghdad   The Ministry of Planning confirmed, on Saturday, the development of a short-term plan of 3 economic, social and spatial axes to address the effects of the Corona pandemic and the financial crisis in the country.

Ministry spokesman Abdul-Zahra Al-Hindawi told the official news agency, "We are in the last year of the five-year plan from 2018-2022 and we have started preparing to write the third development plan 2023-2028."

He added, "As a result of the conditions that Iraq experienced after 2020 due to the Corona pandemic, and the financial crisis, the five-year plan derailed some of its tracks, and in order to address it, we developed a short-term plan for two years from 2022-2023, according to which we took three axes and basic plans."

He pointed out that "the first axis relates to the economic aspect, which talks about supporting the economy in its various sectors, supporting investment and the private sector, and the other social axis includes addressing the reality of health, education, social protection, and the ration card, indicating that" the third axis is spatial, which is concerned with bridging development gaps in the governorates. within the vision map developed by the Ministry.

Al-Hindawi added that "tasks were distributed to ministries, independent bodies and governorates to implement the policies and programs stated in the plan."

Views 122  Added 10/08/2022 - 6:32 PM  Update 10/08/2022 - 10:27 PM

https://economy-news.net/content.php?id=30112

The Banking Sector..The Most Traded And Valuable Sectors During The Past Month

Saturday 08 October 2022 20:16 | Economic Number of readings: 155

Baghdad / NINA / - The Iraqi Stock Exchange announced, today, Saturday, that the banking sector is the most traded and valuable sector during the month of September.

The market stated in a report that the banking sector ranked first as the most traded sector in the market in terms of shares and value during the month of September, with a rate of 93.2%.

And he indicated that the shares traded in the banking sector during the last month amounted to 41 billion and 834 million and 60 thousand and 338 shares, out of a total of 44 billion and 906 million and 245 thousand and 648 shares were traded for eight sectors during the past month, noting that "the financial value of the banking sector amounted to 14 One billion and 821 million and 49 thousand and 937 Iraqi dinars out of a total of 25 billion 438 million and 855 thousand and 65 dinars were traded during the last month.

He added, that the industrial sector came second as the most traded sector in the market, with a rate of 2.50%, as the traded shares for the month of September amounted to one billion and 122 million and 515 thousand and 462 shares, with a financial value of two billion and 102 million and 868 thousand and 714 dinars.

The market report indicated that the agricultural sector ranked third in terms of shares trading with a rate of 1.95%, reaching 875 million and 751 thousand and 283 shares, with a value of two billion and 15 million and 163 thousand and 574 dinars, and the services sector came fourth with a rate of 1.2%, as shares traded in it 559 million and 818 thousand and 318 Shares with a financial value of one billion and 834 million and 558 thousand and 324 Iraqi dinars.

He continued, that the telecommunications sector came in fifth with a rate of 0.79% in terms of trading, reaching 352 million and 908 thousand and 963 shares, with a financial value of two billion and 769 million and 35 thousand and 451 dinars, and the hotel and tourism sector came sixth with a rate of 0.3%, with a circulation of 129 million and 126 thousand and 323 shares, with a value of one billion and 882 One million and 334 thousand and 585 dinars.

The insurance sector came seventh / according to the market / by 0.1% and traded 27 million and 878 thousand and 352 shares worth 13 million and 62 thousand and 441 dinars, and the investment sector came eighth with a rate of 0.01% with trading of four million and 186 thousand and 609 shares with a financial value of 782 million and 40 thousand Iraqi dinars. /finished 3

https://ninanews.com/Website/News/Details?Key=1006251

After The Decision Of "OPEC +" .. An Economist For "Nina": Oil Prices Will Rise To 150 Dollars Per Barrel

Saturday 08 October 2022 10:12 | Economic Number of readings: 401  Baghdad / NINA / - An expert in economic affairs, Raad Twij, suggested that oil prices would rise in the coming days to 150 dollars per barrel, while attributing this to the recent reduction in the volume of production by two million barrels per day.

Twig said in a statement to the National Iraqi News Agency / NINA /: “The process of monitoring the volume of production by OPEC and Russia is a historic process in managing the oil market, especially the recent reduction in the volume of production by two million barrels per day, stressing:” that the last reduction It turns (OPEC +) into a major oil monopoly, and no other power will be able after today to manipulate the price of oil, whether the United States of America or the International Energy Agency, with shale oil or strategic reserves.”

Twig added, "Oil prices will rise to $150 per barrel, especially as we are on the cusp of the cold season. This will increase Iraq's financial savings."

It is noteworthy that the (OPEC +) alliance decided recently to reduce oil production by two million barrels per day.

The alliance, which includes members of the Organization of the Petroleum Exporting Countries and partners including Russia, has ignored pleas from the White House to continue pumping oil supplies. And he decided to cut production by two million barrels per day, which is the largest reduction since the outbreak of Covid-19 in 2020.

The decision of the “OPEC Plus” group to reduce oil production angered the United States, which accused the group of siding with Russia, and US President Joe Biden instructed the Ministry of Energy to distribute 10 An additional million barrels of strategic petroleum reserve will be in the market next month. / End 8 https://ninanews.com/Website/News/Details?key=1006107

This Is What The Economy Of Iraq Lost During A Year Of Political Paralysis

Reports  Economy News-Baghdad  On October 10, Iraq completed a full year since the early parliamentary elections, in the absence of a new government or budget due to political paralysis that threatens to deprive the country of much-needed infrastructure projects and reform opportunities.

Iraq, an oil-rich country wracked by decades of conflict, generated massive oil revenues in 2022. The money is in the Central Bank, which has $87 billion in foreign currency reserves.

But benefiting from these funds in projects that Iraq needs is contingent on forming a government with full powers and a budget that controls the pace of spending.

Yasar Al-Maliki, an economist at the Middle East Economic Survey, explains that "infrastructure projects need years of steady funding from the government," adding that "the political situation has caused great turmoil that has further weakened Iraq's already fragile position in front of its investors."

He explains that "the political crisis has added to other long-standing concerns, especially security and corruption."

Political disputes are still continuing between the two prominent Shiite camps, the Sadrist movement on the one hand, and the coordination framework, which includes blocs representing the Popular Mobilization, an alliance of armed factions loyal to Iran that have become affiliated with the state apparatus, on the other hand, a year after elections that were already hesitant among Iraqi voters. . With the two sides of the political crisis unable to resolve their differences, a new government has yet to be formed.

'Loss of great opportunities'

On August 29, violence erupted in Baghdad between fighters from the Sadrist movement on the one hand, and the security forces and the Popular Mobilization Forces on the other, killing about 30 al-Sadr supporters.

And considered the United Nations representative in Iraq, Jenin Plasschaert, before a recent Security Council session, that these events were supposed to represent "a wake-up call," adding that "the situation is still very volatile."

"Many Iraqis have lost confidence in the ability of the political class in Iraq to work for the benefit of the country and its people," she said.

While the World Bank estimated the growth of the Iraqi economy at an average of 5.4 percent annually between 2022 and 2024, “the macroeconomic outlook is surrounded by a high degree of risks given the heavy dependence on oil, the persistence of budget stagnation, and the delay in forming the new government.” , as stated in a report in June.

Arab economy

As a result of the absence of a budget, Iraq spends today on the basis of the Federal Financial Management Law, that is, what was spent in the previous budget divided over 12 months, which does not reflect the reality of the revenues that the country achieved in 2022.

However, "these are minimal budgets... that resemble the past, not the present or the future, and they lack opportunities for economic growth, and deprive Iraq of major strategic projects," according to the Prime Minister's financial advisor, Mazhar Salih.

"We are missing out on great opportunities, opportunities to invest in important, strategic and planned projects," he told AFP.

For example, Iraq signed a contract last summer with the French company "Total Energy", which includes many projects, especially in the field of the exploitation of associated gas and solar energy, worth ten billion dollars, partially funded by the Iraqi government, which is still in its infancy.

And "the Iraqi government is working hard to speed up work in it and remove obstacles before it," according to a source familiar with the file.

Other projects are progressing “at a slow pace” in the oil sector, and with “the absence of a government with full powers, the Ministry of Oil cannot finance, sign and award contracts for these key projects,” explains Yasar al-Maliki.

people are tired

To meet emergency expenditures, the Iraqi parliament enacted an emergency subsidy law in June, worth 25 trillion dinars ($17 billion), which allowed meeting emergency needs for the population and buying grain to ensure “food security,” but also ensuring the purchase of energy and electricity from abroad.

As the year 2023 approaches without a budget, the authorities will have to either legislate a new similar food security law or continue spending on a 12-month basis, meaning “reduce spending again,” as Yasar al-Maliki explains.

Upon resigning from his position as finance minister in August, Ali Allawi, the owner of the reform economic project that had not yet fully turned into a tangible reality, did not hesitate to define the problem quite frankly.

"All plans and programs of the government are always constrained by the need to obtain broad agreement from a fractured political class," he wrote in his resignation letter. "All calls for reform have been hindered by the political framework of this country," he added.

people's economy

Out of every ten young people, four are unemployed, according to the United Nations, while a third of the 42 million population are below the poverty line.

Despite the huge oil revenues, the life of Amin Salman, the sixty-year-old retired from the Iraqi army, who was among the demonstrators on the third anniversary of the unprecedented October 2019 uprising, which came out against the regime and corruption, has not improved much.

"The country is going through a political crisis, and this political crisis affects people. People are all tired," says the man from Tahrir Square in central Baghdad.

The man earns only 400,000 dinars ($274), an amount that barely covers his daily income, and his two sons are unemployed.   He adds, "Iraq has billions, money and gold, but politicians are only interested in their parties and pockets."

(AFP)   168 . views   Added 10/08/2022 - 1:26 PM   Update 10/08/2022 - 10:29 PM

https://economy-news.net/content.php?id=30106

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