Wednesday Iraq Parliament News Highlights 10-12-22

Wednesday Iraq Parliament News Highlights 10-12-22

Rule Of Law: The President Of The Republic Will Pass Thursday

Sumerian special   2022-10-11 | 14:37   Source:   Sumerian  6,442 views   The deputy of the State of Law coalition, Muhammad Al-Ziyadi, said today, Tuesday, that the presidency of the Republic will be decided next Thursday, while noting that the State Administration coalition is working to bring the viewpoint between the Kurdish parties closer.

The House of Representatives, during its session held today, headed by Muhammad al-Halbousi, set next Thursday as the date for passing the President of the Republic.

Al-Ziyadi said in an interview with the twenty-something program broadcast by Alsumaria TV, that "the best thing in the current Iraqi situation is the formation of a consensus government."

He added, "We are still waiting for the Kurdish negotiations to be resolved in order for them to enter with one candidate for the presidential election session, otherwise the national space will be resorted to (entry with two candidates and electing one of them through voting)."

He pointed out that "the state administration is working to bring the views of the Kurdish parties closer in order to reach a result that concerns Iraq as a whole," stressing that "next Thursday's session will witness the passing of the President of the Republic." LINK

Baghdad And Amman Discuss Supporting Efforts To Reduce Tensions In The Region

Political | 10:18 - 10/12/2022  Baghdad - Mawazine News, a parliamentary delegation headed by the Second Deputy Speaker of Parliament Shakhwan Abdullah discussed with a Jordanian delegation, on Wednesday, support for efforts to confront challenges and overcome crises to achieve security and stability throughout the region and reduce tensions.

In a statement received by Mawazine News, Abdullah's media office said that "on the sidelines of the ongoing activities and meetings of the Inter-Parliamentary Union, currently being held in the Rwandan capital - Kigali, the Iraqi parliamentary delegation headed by Shakhwan Abdullah Ahmed held official talks with the Jordanian delegation headed by Haitham Al-Zayadin regarding Bilateral relations between the two neighboring countries.

The two sides discussed, according to the statement, "ways to unify efforts and support efforts to confront challenges and overcome crises to achieve security and stability throughout the region and reduce tensions, especially as there are common borders and historical and cultural relations between the two peoples."    https://www.mawazin.net/Details.aspx?jimare=208009

We Will Return It To A State.. A Parliamentary Bloc Reveals A Message That Al-Maliki Carried By Appearing Before The Judiciary

Political | 08:09 - 10/11/2022  Baghdad - Mawazine News  The State of Law parliamentary bloc revealed, on Tuesday, that the appearance of the leader of the State of Law coalition, Nuri al-Maliki, before the judiciary sent a message to all expressing his absolute belief in the justice and impartiality of the judiciary.

Parliamentary Bloc spokesman Atwan Al-Atwani said in a statement received by Mawazine News that "the appearance of the leader of the State of Law coalition, Nuri al-Maliki, before the Iraqi judiciary, expresses his absolute belief in the justice and impartiality of the judicial authority, and his great support for consolidating the principle of respect for the rule of law and constitutional institutions."

He added, "This brave step reflects in the speed of response to the judiciary's decision, the extent of Al-Maliki's confidence in himself and his insistence on refuting the fabricated accusations and allegations, and his ability to refute them according to legal methods, and sends a message to everyone that we will not deviate from the rule of law and we will "return it to a state" that takes care of people's interests. And it works to achieve justice among all, harmony, tolerance and affection among the one Iraqi people without discrimination.

Al-Atwani concluded that the supreme word remains for the judiciary, for the law, for justice and for the people. Ended 29/R77     https://www.mawazin.net/Details.aspx?jimare=207972

European report: The Iraqi political system is on the verge of collapse as it reaches “old age”

Posted On2022-10-12 By Sotaliraq   A European report stated that the political system in Iraq has reached old age and is on the verge of collapse, noting that attempts to reform it are futile, pointing out that citizens are waiting for change either by a popular uprising, a military coup or external intervention.

The European "Modern Diplomat" report, translated by Al-Mada, stated that "Iraq has been living since 2003 the impact of political crises that have obscured all consensus between the blocs that make up the political system."

The report added, "The United Nations envoy to Iraq, Jenin Plasschaert, criticized the political class and its failure to manage the country last Monday evening, during a briefing at the Security Council, noting that corruption is eating away at all joints of the state."

He pointed out that "Blaschart renewed her call to the leaders of Iraq to the importance of walking on the path to achieving political stability, stressing that the time has come for them to enter into a dialogue and collectively identify the country's basic needs and push it away from the brink."

The report pointed out that "these criticism coincide with the imminent launch of new demonstrations on October 25, a year after the elections demanded by the demonstrators in October 2019, and the failure to form a new government."

He believed, "The only solution is through dialogue, by returning to the negotiating table after the briefing provided by Plasschaert to the UN Security Council on Iraq."

And the report continued, "During her media briefing, Blackschaert diagnosed the absence of the Sadrist movement from the dialogue that took place under the auspices of Prime Minister Mustafa Al-Kazemi, which requires its return again."

He stressed, "The United Nations representative is not thinking of imposing the will of the international community, but her briefing carries messages to the political forces that there is no solution but dialogue."

The report pointed out that "the current Iraqi political system, since the formation of the political process, has gone through crises and challenges that almost torpedoed it, but it resisted and was able to overcome the challenges."

He continues, that "everyone who participates in this process, even those who claim the opposition, do not want this system to collapse, even though it is full of problems and crises, such as corruption, quotas and sectarian rhetoric that need to be addressed."

The report talked about “the external international parties who want Iraq to remain disintegrated and weak economically and militarily, and pose no danger to its neighbors, and a market for the products of those countries.”

And he stated, "This is in line with the internal political forces that benefit from the continuation of the situation, as they facilitate the sharing of the country's many bounties and go to the pockets of a certain elite, with the lack of accountability and what threatens the gains that these forces obtain."

The report stressed, “there is an urgent need to alleviate crises and keep Iraq away from the brink of the abyss, and there is no solution but to return to commitment to the constitution, and the rule of law over every corrupt, sectarian or criminal without discrimination.”

He noted "many attempts to save the political system", but described those attempts as "weak and futile."

He promised the mechanisms for demanding reform, "either they are weak without leadership in a way that makes it easier for the ruling parties to steal these attempts, or those who demand reform are part of the current political system and the cause of the problem."

The report asked, “Is the Iraqi political system after 2003 on the edge of the abyss?” And it went on, that “the political forces are playing today with an incoherent and multinational political team, and in the extra minutes of the second half, despite the negative result in front of the Iraqi people’s team.

He added, "After five electoral cycles and about two decades of rule, the social, economic and service indicators are still negative, and the political forces have moved from the struggle of sectarian and national components to another complex struggle that is within the same component for control of power."

The report stated, “The impact of political discourse has receded to low levels, and this can be proven by the participation rates in each election, as it decreased from 70% to 35% in 2022, and expectations indicate that it will decline more and more.”

He finds, "The Iraqis usually think that an event that will contribute to the displacement of the entire political class is close, and it is represented by an angry popular uprising, a military coup, or international intervention."

And the report went on, "This dangerous indicator proves that the political system in Iraq has reached the stage of old age with the end of the social contract between the authority and the people.”

A few days ago, the Iraqis celebrated the third anniversary of the October uprising with demonstrations that took place in Baghdad and a number of provinces, and witnessed frictions with the security forces, resulting in some casualties. LINK

Political Expectations About The Reaction Of The Sadrist Movement During The Inauguration Of The Iraqi President

Posted On2022-10-12 By Sotaliraq   Political expectations about the reaction of the Sadrist movement during the inauguration of the Ira 210584

Today, Tuesday, the leader in the coordination framework, Fadel Mawat Kassar, ruled out the presence of the Sadrist movement's reaction to the holding of the presidential selection session next Thursday.

Kassar said in an interview, "The framework has no fears of the Sadrist movement's reaction regarding holding a session to choose the president of the republic next Thursday."

He added, "The session for choosing the president of the republic is legal and constitutional, because the country's situation will not bear any further delay in forming the government in order to approve the financial budget and prevent the country from slipping into a new crisis."

He added, "The Sadrist movement is responsible for its decision to withdraw from the political process, as it was in its place to participate mainly in forming the government."

The Presidency of the House of Representatives has set next Thursday an official date for electing the President of the Republic, after a political impasse that lasted for more than a year since the early parliamentary elections. LINK

With The Approach Of The Decisive Session.. The Democrat Throws The Presidential Dispute Into The Union Box And Blames The Framework

Political | 05:24 - 10/11/2022   Special - Mawazine News   The Kurdistan Democratic Party confirmed, on Tuesday, that the ball out of the crisis of the Presidency of the Republic is in the court of the Patriotic Union, while some blame was placed on the coordinating framework.

The leader of the Democratic Party, Wafa Muhammad Karim, said in an exclusive interview with Mawazine News Agency, that the ball is now in the court of the National Union, because their insistence on one candidate represents a "node" in the way of resolving the dispute between the party and the Yekti, indicating that if the National Union insists on Barham Salih. The Democratic Party will not attend next Thursday’s session.

” He added, “The coordinating framework is supposed to persuade the union to abandon the candidacy of Barham Salih for the post of president, while noting that he “expects an attempt to frame this aspect.

” Karim continued, “If he does not succeed, framework, the knot will continue and remain attached to this position."

Earlier today, Parliament Speaker Muhammad al-Halbousi announced that a session would be allocated next Thursday to choose a president. https://www.mawazin.net/Details.aspx?jimare=207955

The Coordination Framework Postpones The “President’s Resolution” Session To Thursday, And Doubts About The Possibility Of Achieving A Quorum

Posted On2022-10-12 By Sotaliraq   Baghdad / Tamim Al-Hassan  After the failure of the last Erbil meeting, the coordination framework appears to have retreated from the date of today's session, Wednesday, which was dedicated to electing the President of the Republic.

The failure of the mission of the “framework” delegation to the capital of Kurdistan precipitated the postponed and expected confrontation with the leader of the Sadrist movement, Muqtada al-Sadr.

On the other hand, there are doubts about the possibility of achieving the necessary quorum for the session to choose the “president”, as some forces may boycott the parliament.

Meanwhile, a member of the Sadrist movement, Judge Jaafar al-Moussawi, said that the third Karkh investigation court decided to release the leader of the State of Law coalition, Nuri al-Maliki, on bail, in the case of audio leaks that spread last month.

Al-Sadr's minister, known as "Saleh Muhammad al-Iraqi", had on several occasions called on the coordination framework to take a position on the "leaks" and the "threats to civil peace" contained therein.

Also, the Secretary-General of the Sadrist bloc, Nassar al-Rubaie, had filed a lawsuit against al-Maliki, against the background of the leaked audio recordings.

Al-Moussawi, a prominent member of the Sadrist movement, said in a statement yesterday, "After the decision of the Third Karkh Investigation Court to bring in al-Maliki regarding the leaks, al-Maliki appeared this morning before the aforementioned court and his statements were initially and judicially recorded, and the judge decided to release him on bail."

Nassar al-Rubaie launched his call against al-Maliki last month, accusing the latter of making a clear and explicit threat to the Sadrist movement and the movement's leader, Muqtada al-Sadr.

Al-Rubaie accused al-Maliki of working to “create sedition and sectarian fighting and tearing the national fabric of Iraq,” describing the recorded speech of al-Maliki as evidence of “the criminal and terrorist danger to threaten civil peace.”

And spread last month, a series of leaks of audio recordings attributed to the leader of the coalition of state law, in which he attacked the Sadrist movement and its leader, in addition to the popular crowd, and expressed his lack of confidence in the army and the police.

In one of the recordings, al-Maliki threatened to arm 10 to 15 groups with weapons, to storm Najaf.

This position leads to increased confusion within the coordination framework, as a group within the Shiite group is still defending the idea of ​​"a settlement with al-Sadr", and rejects the proposal of al-Maliki and some of his supporters to go to form a government.

The first team seemed more insistent in its position, according to some leaks, especially with the failure of the meeting of the "Framework" delegation with the leader of the Kurdistan Democratic Party, Massoud Barzani.

The differences within the coordination framework had reached a crucial point, as a group within the Shiite group pushed to form a government without the approval of the Kurds or the Sadrist movement.

Regarding the Erbil meeting, Abdul Salam Barwari, a member of the Democratic Party, told Al-Mada: "Until this moment, there has been no change in the party's discourse and its candidate, Reber Ahmed."

Berwari, a former deputy in the Kurdistan Parliament, confirmed that "the door for nomination within the party for the presidency has been closed some time ago, and the National Union does not show any flexibility."

The media office of the head of the Democratic Party confirmed in a statement the day before yesterday that "Barzani received Parliament Speaker Muhammad al-Halbousi and the delegation of the State Administration Coalition, which includes the head of the Popular Mobilization Authority, Faleh al-Fayyad, and Muhammad Shia al-Sudani."

He added, "The political situation in Iraq and the negotiating process for holding the next parliament session, choosing the president of the republic and forming the federal government were discussed," noting that "the participants agreed to study these sensitive issues and reach solutions before the relevant session is held."

Berwari expects that “the scenario of 2018 will be repeated with two presidential candidates in Parliament,” while he denied knowledge of what was leaked about the possibility of “the Democratic Party boycotting the president’s selection session if his candidate is not agreed upon.”

Meanwhile, the head of the Democratic Party in Parliament, Vian Sabri, wished not to go to the “2018 scenario,” while she talked about 3 options for choosing the president of the republic.

And Kurdish media quoted Sabri as saying, “The three options are either voting to choose a candidate for the presidency under the dome of the Kurdistan Parliament, reaching an agreement between the two parties, or respecting the choice of the majority of parliamentary seats and the votes obtained by each party.”

She added that "the dialogues between the two main parties in Kurdistan are continuing," stressing that "the two parties have not yet reached an agreement or a common vision for choosing a candidate for the presidency of the Iraqi republic."

And she continued, "We do not want to repeat the scenario of 2018 and the mechanism in which the President of the Republic was elected," noting that "the position is important to us and we have our own vision for it."

Following these developments, political sources close to the coordination framework indicated in an interview with Al-Mada that "it was not confirmed that Wednesday's session will be held to choose the president of the republic."

The source, who requested anonymity, expected that "the session will be postponed to another date, which may be on Thursday (tomorrow) or next week."

In a later development, Parliament Speaker Muhammad al-Halbousi announced the allocation of a session tomorrow, Thursday, to the elections of the President of the Republic.

A statement by the media office of the Speaker of the House of Representatives stated that the latter: “I announce that the agenda for Thursday’s session, corresponding to October 13, will consist of one paragraph, which is the election of the President of the Republic.”

The House of Representatives held 3 consecutive sessions this week, the last of which was yesterday.

Ali Al-Mandalawi, the second deputy speaker of Parliament, announced last Monday that he had received a request from 170 deputies to hold the presidential election session next Wednesday (today).

Al-Mandalawi added, during the penultimate session, that "the presidency of the council will discuss the request and decide on it."   LINK

"Tidbits From TNT" Wednesday Morning 10-12-2022

TNT:

Tishwash:  Iraq participates in an economic conference to discuss investment in three main sectors

Next month, Iraq will participate in an economic conference to be held in Dubai (the annual fall conference) organized by the Iraqi-British Business Council, whose activities will start on November 10 and will last for two days.

The Governor of the Central Bank, Mustafa Ghaleb Mokhif, is scheduled to participate, along with the Second Vice President of the National Oil Company Laith Shaher, the Director General of the Trade Bank of Iraq  TBI Salem Chalabi, and Baroness Emma Nicholson, President of the Iraq British Business Council in this event to discuss investment and commercial opportunities, especially in Basra Governorate. , as well as environmental, agricultural, food distribution and processing issues.

The participating delegation will discuss with Emirati and British officials and businessmen the main offers submitted by the International Monetary Fund.

There will be sessions on finance, oil and gas, energy transmission, as well as industry, trade, private sector promotion and technology   link

Tishwash:  The interactions of the hour.. Iraqis are waiting for Thursday's decisive session..the end of a crisis or the beginning of an escalation?

The Obelisk publishes the most prominent interactions of television dialogues, Tuesday 10/11/2022.

Former MP Hassan Fadam during a televised dialogue:
– Thursday’s session will be held and the quorum will be completed
– Thursday’s session will witness the assignment of the Prime Minister
– Barham Salih is more fortunate than others for the position of president
– ​​The first voting round will not decide the winner of the presidency
– the Kurds will not enter Parliament with a single presidential candidate
– The voting round The second will be decisive by choosing the president of the republic
- the Kurds asked for a deadline for understanding over the presidency
- the framework was forced to intervene himself to resolve the presidential candidate

Deputy Head of the National Union Organizations in Kirkuk, Hedayat Taher, during a televised interview:

– There is no final agreement regarding the presidential candidate
– The failure to reach an agreement between the National and the Democratic Party is the result of the latter’s intransigence in his positions
– The Democratic Party’s attempt to seize all positions is rejected
– The Democrat is putting pressure on the National Union for the latter to relinquish the presidency
– The Democratic Party insists on The acquisition of the position of the President of the Republic in addition to other positions
- Barham Salih, the only candidate for the National Union for the position of the Presidency of the Republic
- surprisingly, the insistence of the Democratic Party not to return to the scenario of 2018, and it prevents solutions
The Democratic Party is vacillating about taking solutions towards the file of the Presidency of the Republic

Former MP Rizan Sheikh Dler during a televised interview:

- There is no problem in repeating the scenario of the year 2018
- We have complete confidence in Barham Salih winning the presidency
- Barham Salih is desired by most political parties
- Barham Salih was officially nominated by the National
Union - The National Union will bless the victory of any candidate for the position of President

Kurdistan Democratic Party member Subhi Al-Mandalawi during a televised interview:

- The Democratic Party is not afraid of any situation at the
moment - We support the formation of the government and the end of outstanding issues
- The position of the President of the Republic has become weak in the past years
- The framework today is before the test of choosing the President of the Republic
- We do not want to enter Parliament with two candidates
- We asked the delegation of the State Administration Coalition for more time to resolve Problems
- The Democrat does not accept entry to Parliament with more than one candidate
- We do not fear the election of the President of the Republic in Parliament
- Everyone's participation in Thursday's session is not settled
- We do not wait for the green light from any party to enter Parliament
- Forming the government is an important matter for Iraqis and the Kurdistan Region
- The formation of the government must proceed And not to wait any longer
- the Sudanese is keen on the success of the next government
- we will be part of the next government if it is formed

Independent MP Mustafa Sanad during a televised interview:

– The Minister of Oil did not abide by the court’s decision regarding the National Oil Company
– The Minister of Oil refuses to return a number of oil companies
– The Minister of Planning refused to receive the Ministry of Finance as an agency
– The Minister of Oil upon receiving the Ministry of Finance refused to disburse the financial dues of the governorates
– Al-Kazemi will either be in prison or will flee outside Iraq
- Justice must take its course with Al-Kazemi
- Al-Kazemi will be held accountable for the issue of the martyrdom of the leader Abu Mahdi Al-Muhandis
- We filed a complaint against Al-Kazemi regarding the disbursement of 70 billion for furniture link 

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

Tishwash:  The inauguration session without consensus and without a president.. the Kurdish forces demand a deadline of 12 o’clock

The political forces are hours away from the inauguration session of the President of the Republic amid political confusion. Who is the most fortunate to sit on the chair after conflicting Kurdish statements regarding consensus on the position, but the most clear coordination framework confirmed by its leaders on more than one occasion to support the candidate of the National Union Kurdistan's Barham Salih, at a time when divisions are expanding within the same union to support another candidate, Abdul Latif Rashid.

According to a source close to Abdul Latif Rashid, in a statement to "Al-Maalouma", he "has been in Baghdad for several days and has been conducting negotiations with the political forces independently of the Union in order to pass him as President of the Republic of Iraq in cooperation with the Kurdistan Democratic Party, which is determined to replace Barham Salih."

The source added, "Rasheed's chances are the strongest among the candidates, as he is a consensual candidate, and he was put forward by the leaders of the State Administration Alliance during their visit to the Kurdistan Democratic Party's leader, Massoud Barzani, in exchange for support for a leadership in the Union to take over the administration of Kirkuk Governorate."

And the deadline for the coordination framework of the Kurdish forces ends with the entry of a unified candidate or the going with candidates at midnight.

The deputy of the State of Law coalition, Muhannad Al-Khazraji, said in a statement to Al-Maalouma that "tomorrow's session will go ahead, whether the Kurdish forces enter with one or more candidates and will witness the election of a new president of the republic."

 He added that "the democratic option through competition is the solution in order to proceed with the formation of the government and start implementing the government program and passing important laws."
For his part, the leader in the coordination framework, Hassan, confirmed the impossibility of the Kurdish forces entering a unified candidate for the presidency during Thursday's session, indicating that the competition will be in two rounds to determine who is the winner of the position.

And he said in a televised statement that "the problems of the two Kurdish parties are not limited to the presidency, and that the Kurdish negotiations touched upon the administration of Kirkuk and its current governor."
He added, "The Kurds will not enter parliament with one presidential candidate, and Thursday's session will be held, the quorum will be completed, and the president will be elected in it, and then Muhammad Shia'a Al-Sudani will be assigned to head the next government."

He continued, "The candidate of the Patriotic Union of Kurdistan, Barham Salih, is more fortunate than others for the position of president, and that the first round of voting will not decide the winner of the presidency, and the second round of voting will be decisive in choosing the president of the republic."

The Presidency of the House of Representatives has set next Thursday an official date for the election of the President of the Republic after a political obstruction that lasted for more than a year since the early parliamentary elections, amid these statements, all circles are awaiting the position of the Sadrist movement, which is dominated by calm character until the moment, at a time when fears are being raised that its supporters will stage demonstrations that may It ends the hopes of the State Administration Alliance in passing the presidential candidate and assigning Al-Sudani. link

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Wednesday Iraq Economic News Highlights 10-12-22

Wednesday Iraq Economic News Highlights 10-12-22

Middle East Eye: This is what OPEC + members want from the decision to reduce oil production

Economie   2022-10-12 | 04:15   Source:  Arabic 21  601 views  Alsumaria News – Economy On the fifth of October, OPEC + members announced a plan to reduce oil production by about two million barrels, starting in November, and thus, this will be the first major oil cut since 2020.

The actual cut of less than half of that was generally met with indifference by the oil markets, which strengthened only slightly. The actual impact on the market from the production cut will be less than the cut announced in the headlines.

Since many members of the group are producing below their targets, the net production cut is expected to range between 600,000 and 900,000 barrels per day, which is not a small number if we take into account recent trends, but nonetheless remains below the level implied by the headlines. .

According to a report by Middle East Eye, the effects of production cuts on energy policies, on US-Gulf relations and on Western-Gulf relations are much greater. This is because this decision exacerbates the mistrust among these major economic countries about energy policy and the ability to deal with the expected problems arising from the reduction of Russian fuel imports and some of the long-term issues related to energy transfer and investment.

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If we exceed the production cut itself, there is a political and geopolitical positioning surrounding the announcement, which highlights the increasing fragility and instability of the market, and we are on the verge of the boycott that the European Union intends to impose on Russia The G7 intends to impose an upper limit on the price of Russian oil. 

Slowing oil demand

Despite their attempts to focus on the “technical” nature of the decision, the OPEC + and US ministers made little effort to stop the escalation, which means that the economic and trade reasons partly for the production cut, including the slowdown in oil demand around the world, Lost in a sea of​​mutual accusations and fears about the future.

On the topic of demand, the OPEC+ cuts reflect concerns about slowing global demand, especially by China Which is still constrained by selective closures in response to the Covid pandemic, weak consumer demand, and the distress that befell the real estate market in it.

There is no doubt that the warning that the reduction will continue until the end of 2023 means a significant retreat from the previous OPEC vision, which stated that strong demand would boost demand for OPEC oil next year.

If we take into account some of the decline in demand earlier this summer, some of the reduction reflects the conventional wisdom, even if prices are far from being low. Oil producers place some of the blame on other parts of the energy market, including higher natural gas prices, which are exacerbating weak global demand.

As central banks find themselves forced to raise prices further as a defensive measure, including in advanced economies, the risk is that the global recession will become more severe and will undermine demand for oil.

They will, in general, continue to favor higher costs over lower production, particularly when in many countries there is no inelastic selling-out. Faced with the prospect of lower revenues after a strong start in early 2022, they chose to prioritize raising production costs per barrel over contributing to the market.

The idea that a higher price will stimulate more investment within OPEC+ countries seems less realistic given that issues related to gradual increases in supply rates are far from purely economic. It includes local issues in a number of producing countries, as well as increasing domestic demand in Africa.

Retain membership Russia

Some members of OPEC Plus, especially the United Arab Emirates, have added to capacity that is still in excess of production, and some non-OPEC countries, such as the United States, are also adding to imports as dictated by commercial justifications, but this is more urgent in the case of natural gas.

This reflects the lessons of the Asian financial crisis and the global financial crisis, in favoring the option of keeping big producers over one man's heart.

In addition, they also mean to point out their unwillingness to facilitate the G7's efforts to extract Russian oil. In contrast to smaller countries such as Iran and Venezuela, there is no spare capacity worldwide that would compensate for Russian oil.

The meeting reinforced the choice favored by OPEC leaders, especially those in the Gulf Cooperation Council countries, which is to stay Russia Inside the group rather than outside it, because on the outside it might play the role of the spoiler.

The ongoing sanctions against these two countries also raise concerns. Although additional volumes are not welcome at this time, the West's continued use of sanctions to restrict energy imports remains a worrying concern for producers.

Despite the exaggeration of allegations that the Saudis, Emiratis and other members of the OPEC + group are biased in favor of Russia However, it is clear that they are not giving up.

These are just some of the many countries that would like to maintain relations with Russia At the same time, the United States has a desire to operate within the gray zone, engaging in commercial and financial dealings that are not a direct violation of US sanctions, but are dangerous, and may in the future become subject to restriction.

This includes a decision to stick to joint venture forms and projects Russia Instead of getting out of it, despite its complicity in its war. It also includes increasing its role as a transhipment site, as is the case with the United Arab Emirates.

For India and Turkey, trade with Russia. Most of this trade is still legal, but it is difficult, and these countries will be subjected to more pressure to comply with the export provisions required by the Group of Seven, and its scope is increasing.

Relations with the United States

The group of producers has no interest in facilitating the creation of a price-fixing mechanism from the purchasing countries, and in particular rejects a mechanism that might be used for other geopolitical purposes. In addition, they worry about the uncertainty about launching new standards-based and due diligence provisions, which could add other costs to the market.

The G7's approach to the ceiling affects the current dominance of insurance and other services provided to the oil trading sector. It is likely that new players will emerge to provide at least some of these insurance services.

Despite their suspiciousness about price ceilings, able OPEC+ members will likely seek to benefit from trading, buying fuel at discounted prices from Russia Then they sell it across the world market at higher prices. However, the possibility of an official mechanism for this remains a source of concern.

However, this decision brings to the surface some grievances and disagreements that have been accumulating for some time. Many members of OPEC Plus, especially in the Gulf Cooperation Council (GCC), feel that time has proven their position that the energy transfer targets of the European Union and the United States will result in a decline in energy investments. They also expressed concern about the ability to use strategic oil reserves [/url], which made them care more about self-protection and maintain less alliance with the West.

Meanwhile, the United States continues to expect security relations to mean alliance and support for foreign policy and economic policy objectives. However, the relationship is likely to deteriorate more and more, and it may become more contractual in the areas of actually common interests.

The noise from Washington about reconfiguring the relationship will increase, especially whenever there is a discussion about arms sales and the use of anti-trust tools in dealing with OPEC and regional policies. As the Gulf Cooperation Council states, and more broadly their Western Asian counterparts, seek shelter and a way out in a world that is no longer unipolar, they will test those limits. 

However, it is also possible that there will be a course correction, as the United States is now prioritizing its efforts to weaken the Russian government and its military capacity, please stop the conflict in Ukraine, in addition to its focus on competing with China.

Non-OPEC producers, such as Qatar, may find improvement in their situation, although they are also self-protective and seek the best opportunities for development in energy and other areas. These trends are likely to add to instability, not only in oil markets but also at the geopolitical level, increasing the risks of using harsh tools such as secondary sanctions.   LINK

International Monetary: Iraq Is The Fastest Arab Economy In 2022

Economie   2022-10-11 | 12:42   1,895 views   The latest report of the International Monetary Fund revealed that Iraq will be the fastest Arab economy in 2022, with growth rates of 9.3%.

The International Monetary Fund[/url] had revealed its expectations for the economy, as global economic activity is witnessing a widespread slowdown that exceeded expectations, with inflation rates exceeding their levels recorded during several previous decades.

This report, based on accurate scientific data, raises hopes of Iraq's ability to recover and advance economically despite the crisis that the global economy is going through as a result of the continuing war in Ukraine and its worrying repercussions on the economies of Western countries.  LINK

Parliamentary Finance Forms Sub-Committees To Follow Up The Disbursement Of Emergency Support Law Funds

Economie   20:22 - 10-11-2022   Today, Tuesday, the Parliamentary Finance Committee announced the formation of sub-committees to follow up the implementation of the disbursement of the emergency food security support law, while confirming the hosting of 3 ministers and governors next week.

Committee member Ahmed Mazhar al-Jubouri said, "The committee is following up on the implementation and disbursement of the emergency food security support law, and hosting the terminated Finance Ministers, Ihsan Abdel-Jabbar, and Planning Khaled Battal, to discuss the mechanism of disbursing funds for the law."

He added, "The Finance Committee has formed sub-committees within it to follow up on the disbursement of the law's money, and next week it will host the ministers of commerce, agriculture, electricity and governors, to clarify about the funds that have been funded to ministries and governorates and the mechanism of exchange."

And the Ministry of Planning announced, last Sunday, the imminent release of funds for the governorates within the Food Security Law.

Planning Minister Khaled Battal said, "The Parliamentary Finance Committee hosted us in the presence of the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, to discuss the mechanism for implementing the Food Security Law in the part related to the investment plan of the law," noting that "there is a problem of launching 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 the launch of the allocations to the governorates," noting that "according to the deliberation that took place today, the problem is in 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 their way to solution."

https://kirkuktv.net/AR/Details/9643

Iraq And OPEC .. How Will It Be Affected By The Production Cut And What Fields Are Included?

Reports   Economy News-Baghdad  Next month, Iraq will begin to cut 220 thousand barrels per day from its production of 4.65 million barrels per day, in response to the OPEC Plus agreement.

The OPEC Plus alliance consists of 20 countries, producing 43.85 million barrels per day, and decided to reduce production by two million barrels, in order to reduce the supply in the oil market, which exceeds 105 million barrels per day, while demand is 102.4 million barrels.

In a statement to Al-Iqtisad News, the oil expert, Hamza Al-Jawahiri, believes that the goal of the latest OPEC Plus decision is to achieve stability in the oil market and not to drop oil prices.

The OPEC Plus countries aim to keep the price of a barrel of oil above $80 to support their budgets and implement infrastructure projects in their countries.

An informed source told "Economy News", that "Iraq will reduce the national fields in the south, specifically in the governorates of Basra, Dhi Qar, Maysan and Wasit," noting that "the volume of exports may be affected very slightly."

He pointed out that "the fields supervised by international companies, which are called licensing roving fields, will not allow the companies any reduction, due to the international energy crisis and the need for these companies to use oil in their refineries."

The government spends 9 trillion dinars per month to finance the budget, as it needs the price of a barrel of oil to be $70 to achieve the fiscal budget revenues.

OPEC Plus decided to reduce production by 4.7%, as Iraq’s production currently stands at 4.65 million barrels per day, including the production of the Kurdistan region’s oil, which exceeds 550,000 barrels per day, as it requires the region to reduce its production by 11.8%, or about 65 thousand barrels per day.

For his part, the Saudi oil expert, Muhannad Al-Shahbol, says that "Iraq's history in the OPEC Plus agreement shows that it is a country that is not committed to the agreement, due to the political nature, as the Kurdistan region is not subject to the federal government."

The latest OPEC Plus decision is the second-highest reduction it has taken in its history, after cutting 10 million barrels per day in May 2020 after oil prices fell to less than $30, and gradually reduced it.

Some OPEC Plus countries will not be able to reduce their production, as a result of its decline to large levels, such as Algeria, Angloa, Kango and others, while Iraq is required to reduce 220 thousand barrels per day out of its production of 4.65 million barrels.

Most of the oil-consuming countries have witnessed a significant increase in the prices of oil derivatives since the beginning of this year, such as France 77%, America 84% and Britain 70%.

Six countries in OPEC Plus out of 20 countries will decrease more than 1.56 million barrels, due to their high production, including Iraq, Saudi Arabia, Russia, Kuwait and the UAE.

76 . views   Added 10/12/2022 - 11:11 AM   Update 10/12/2022 - 1:15 PM

https://economy-news.net/content.php?id=30179

Iraqi News Highlights Tuesday Evening 10-11-22

Iraqi News Highlights Tuesday Evening 10-11-22

Tlm724 Administrator Bondlady’s Corner

The Disappearance Of 6 Trillion Dinars From The Rafidain Bank Caused By (Key Card),

A source in the Central Bank reveals to the Tigris about The Disappearance Of 6 Trillion Dinars From The Rafidain Bank Caused By (Key Card), and he wonders where is the integrity in that!?

Economie- 08-10-2022 11:05 PM - Read: 26762   Today, Saturday,a source in the Central Bank of Iraq revealed the disappearance of 6 trillion dinars from the Rafidain Bank due to the (K-Card) system through fake electronic loans that occurred during the previous administration of the Rafidain Bank.

He explained to "Dijla", that the Federal Integrity Commission announced on August 18, 2022 that the Integrity Commission had recovered stolen sums of 231 billion dinars to the state treasury that had been in the custody of Key Card since 2017!

And you ask the source, where is the integrity of the $6 trillion?

https://www.dijlah.tv/index.php?page=article&id=318339

A Wide Welcome For The Policies Of The Central Bank: Contribute To Achieving Monetary Stability

Economie    2022-10-09 | 08:18    2,209 views  The policy of the Central Bank was widely welcomed by the economic circles, stressing that the

plans developed by the bank in the recent period contributed a lot to achieving monetary stability.

In this regard, the observer of economic affairs, Hassan Al-Hajj,

confirms that the policy of the Central Bank and the plans that it has set in the past months have directly contributed to

achieving monetary stability and

raising the level of Iraq’s strategic reserve of hard currency, in addition to the

flexibility of the plans developed in line with the size of the economic challenges locally and globally.

Al-Hajj said in an interview with Alsumaria News,

"The Central Bank's measures in dealing with the global economic crisis were very clear in a positive and professional manner, unlike what happened in many countries of the world, where we saw a significant increase in the bank's hard currency reserves from 50 to 76 billion dollars.

It will reach $90 billion before the end of this year, which has a positive impact on the stability of the currency price in the market and the inability of traders to manipulate it."

He added,  "The Central Bank adopts flexible policies and plans that are consistent with all the variables of the economic situation in the local and global market, and

they are in remarkable progress, especially with regard to the issue of containing cases of corruption or currency smuggling that occurred in previous periods through the currency sale auction, where

we saw a clear decline in These violations are a result of the new controls set by the Central Bank to contain these negative cases during the past six months, and

we hope that they will be completed in the next stage completely.”

The economic expert explained, "The raising of the exchange value of the dinar against the dollar, which had some negative repercussions on the citizen,

but in the end was positive to supplement the state's reserves of currency to face crises,

but in general it needs more powerful government measures to support the fragile and middle classes,

which can actually be achieved in If the government draws up a coordinated policy and joint cooperation with the Central Bank in this file.”

He continued, "The policy of the Central Bank is in great improvement, and

we expect that new measures will be taken by it in the coming months to ensure that the

reserve level is maintained and developed to be a

strategic reserve for the Iraqi state and

in line with the rise in oil prices globally, which are

all positive indicators that ultimately serve the interest of the state treasury."

In addition, the Iraqi Stock Exchange confirmed that its cooperation with the Central Bank and the stock market achieved 5 goals and gains.

The Executive Director of the market, Taha Ahmed Abd al-Salam, told the official agency that

"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 law. 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 standards of the Securities Commission for listing, which made the banking sector the largest sector listed in the Iraqi Stock Exchange".

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 through examination and audit of sources of funds upon purchase.

And he added, "In this context, the due diligence of banking for dealers through banks, is offset by due diligence for stock dealers in the Iraqi Stock Exchange since 2015, especially since the

Iraqi Stock Exchange does not accept cash dealings for the purchase of shares or payment except with limits of less than 15 million. Dinars per investor per session.

He stressed that  "the fifth gain is the cooperation of the three parties in the framework 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.

And he concluded by emphasizing that there will be mechanisms of cooperation and joint work coming to enhance the role of the securities sector in supporting economic activity in Iraq.”

At the end of last year, the Central Bank of Iraq announced the completion of the payment of compensation to the State of Kuwait.

The Central Bank said in a statement received by Alsumaria News,

"The payment of the last remaining installment of the State of Kuwait's compensation amounting to (44) million US dollars has been completed, and thus

Iraq has completed the payment of the full compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under the resolution No. (687) for the year 1991, with a total of (52.4) billion US dollars for the State of Kuwait.

It is hoped that ending the payment of compensation, according to the statement, will contribute to "exiting Iraq from Chapter VII,

as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved."

The UN Compensation Committee was formed in 1991, obligated Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations and others who incurred losses resulting directly from the invasion of Kuwait.

Iraq stopped making payments in 2014 during the war against ISIS, which controlled large parts of the country, but resumed payments in 2018.

https://www.alsumaria.tv/news/اقتصاد/434654/ترحيب-واسع-بسياسات-البنك-المركزي-ساهم-في-تحقيق-الاستقرار-النقدي

The Economic Movement Is Negatively Affected By Changes In The Political Situation And Demands Urgent Solutions

Economie    10-10-2022 | 06:00    Source:   Sumerian    318 views

It seems that the political arena has an impact on everything, even in the simplest matters.

One of the most important of these repercussions is the one that casts a shadow on the economic situation, and  perhaps the reality of the markets clearly reflects this.

Others find that the weak purchasing power of citizens has a wide impact on the commercial movement, especially after the increase in the dollar exchange rate.

In the event that the prevailing conflict in the political scene does not end, specialists believe that the damage will be severe, as ……

it is necessary to put the interests of the citizen above all considerations in order to reach logical solutions to the existing problems.  https://www.alsumaria.tv/news/اقتصاد/434718/الحركة-الاقتصادية-تتأثر-سلبا-بمتغيرات-الوضع-السياسي-ومطالب-بحلول-عاجلة

Aware / Discovery Of New Oil And Gas Fields In Anbar

September 21, 2022 15 Views   Conscious / Anbar / g. M  Today, Wednesday, the Director of the Jubbah Municipality Department in Anbar Governorate, Qatar Al-Obaidi, announced the discovery of new oil and gas fields that are not indicated by the Ministry of Oil in areas west of the city of Ramadi.

The Ministry of Oil conducted exploration operations targeting the desert of Hit District, west of the city of Ramadi, which resulted in the discovery of 9 new oil and gas fields that are not listed by the Ministry of Oil. over large quantities of oil and gas fields.”

He added,  "The discovered fields contain billions of cubic meters of oil and gas,"

noting that  "explorations are still ongoing, and it is hoped that the results of exploration in those areas will be announced within the next few days."

Al-Obaidi pointed out that   "the security forces have completely secured all the areas where excavations are being conducted, in addition to the explosives handling teams neutralizing the remnants of ISIS elements." https://al-iraqinews.com/archives/293619

Global Oil Prices Drop

Economie| 08:51 - 10/11/2022   Follow-up - Mawazine News: Oil prices fell, today, Tuesday, to continue its losses, which amounted to about 2% in the previous session, as the rise of the dollar and the increase in Corona virus infections in China led to fears of a slowdown in global demand.

Brent crude futures fell 27 cents, or 0.3%, to $95.92 a barrel, after falling $1.73 in the previous session.

The price of US West Texas Intermediate crude reached $90.73 a barrel, declining by 40 cents, or 0.4%, after falling by $1.51 in the previous session.

The dollar rose, today, Tuesday, in light of concerns about high interest rates and geopolitical tensions that bother investors, and the strong dollar reduces demand for oil, because it makes it more expensive for buyers who use other currencies.    https://www.mawazin.net/Details.aspx?jimare=207903

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

https://www.bondladyscorner.com/

Iraqi News Tuesday Afternoon 10-11-22

Iraqi News Tuesday Afternoon 10-11-22

Tlm724 Administrator Bondlady’s Corner

Parliamentary Committee: Iraq Has A Financial Abundance Of More Than 86 Billion Dollars

Political | 01:37 - 10/11/2022   Baghdad - Mawazine News  The Parliamentary Investment and Development Committee considered that Iraq, "for the first time since the establishment of the Iraqi state," has so far had an abundance of money that neighboring countries do not possess.

Committee member Hussein Al-Sabri said, "Iraq has a financial abundance of more than 86 billion dollars and does not need aid, and thus Iraq's economic strength has become very large, as Iraq, for the first time since the establishment of the Iraqi state until now, has financial abundance that neighboring countries do not possess, They are all negative and have economic problems, as do European countries."

And Al-Sabri said in his speech to the official newspaper "Al-Sabah", which was followed by "Mawazine News", that "Iraq lacks a strong government, if it existed, there would have been a boom in its economy," expressing his hope that "a government with full powers will be formed and people who are interested in serving the citizen."    https://www.mawazin.net/Details.aspx?jimare=207934

Washington: We Support Conducting A Broad And Comprehensive Dialogue In Iraq

Posted On2022-10-11 By Sotaliraq   Partnership commitment   In the statement, which was published by the US Embassy in Baghdad, the Foreign Ministry spokesman also stressed his country's commitment to partnering with Iraq to promote economic growth and ensure the lasting defeat of ISIS.

And the Iraqi Prime Minister, Mustafa Al-Kazemi, renewed his call yesterday for all political parties to dialogue to solve the crisis in the country.

In a statement published by his media office, today, Monday, he stressed the need to resort to the logic of sane, calm and constructive dialogue to resolve the crisis and push for comprehensive national solutions that support the pillars of stability.

The United Nations mission warned that Iraq "does not have much time, especially as the protracted crisis portends more instability, and recent events are proof of that."

These calls come as the country has been living since last year with the impact of a raging political crisis between the Sadrist movement led by Muqtada al-Sadr and the “coordinating framework” (which includes the State of Law coalition led by Nuri al-Mali, the Fatah Alliance, and other pro-Iran factions), which has so far prevented the election of a president. new or forming a government.

Since the early parliamentary elections that took place on October 10, 2021, Iraq has witnessed a complete political paralysis, which has worsened further since July 2022, with the two sides of the most prominent dispute taking to the street and their sit-in in the center of Baghdad (Al-Sadr and Al-Titare).

The dispute reached its climax with the start of the Sadrist movement’s demand to dissolve the House of Representatives and hold early legislative elections in order to move the country on the path of reforms in light of its opponents’ rejection of this approach, and their insistence on forming a government with their candidate before any new elections.

While the dispute developed in late August into violent clashes between the two parties in central Baghdad, which led to the death of 30 people, and opened the doors to the possibility of a dangerous re-escalation.   LINK

The Appearance Of Muhammad Salih To / NINA /: The Last OPEC + Decision .. A Correct Decision To Avoid The Oil Countries Being Drawn Into A Price War

Tuesday 11 October 2022 11:08 | Economic Number of readings: 218

Baghdad / NINA / - The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, considered the last OPEC + decision... a correct decision to avoid the oil countries being drawn into a price war.

He told the National Iraqi News Agency ( NINA ): The oil price war policy has become part of the ongoing war game in Ukraine, indicating that the West's trends as a large energy consuming power are revolving around maneuvering to adopt a specific ceiling for oil prices that may not exceed $90 per barrel as well, which prompted the United States to To adopt the policy of opening oil reserves to compensate for the increasing demand for oil in order to reduce prices and not allow comfortable financial flows to be provided to Russia, which is the direct, hostile party in the current war.

He explained: The decision of OPEC + to delete two million barrels of daily production for a period of one year, starting from next November, is a sign that the oil countries will not be dragged into a price war parallel to the hot war in Ukraine as an aid wheel in the victory of one party without the other. Which can be called / oil neutrality /. https://ninanews.com/Website/News/Details?key=1006759

Al-Nusairi: The foreign currency sale window needs a deep understanding of monetary policy

Money and business    Economy News _ Baghdad   The adviser to the Association of Iraqi Private Banks, Samir Al-Nusairi, confirmed today, Tuesday, that the process of selling the foreign currency window needs a deep understanding by the objecting parties in light of the accusations leveled at the Central Bank without evidence, and the concern for the safety of monetary operations through the foreign currency sale window is The other is essential to the bank's performance and to establish the principles and rules of legitimate dealings in a sound atmosphere of supervision and control.

Al-Nusairi explained, that accusing the Central Bank and banks of wasting foreign currency without evidence to prove the existence of suspicions of corruption, money laundering or currency smuggling, and the proposition that says that selling currency is a waste of public money, this description has nothing to do with economic science, and that a valid sale process Currency

The Central Bank started implementing it on 4/10/2004 in implementation of Article 28 B of the Central Bank Law No. 56 of 2004, which allows the Central Bank to buy and sell foreign currency, and this process continued to meet the needs of the Ministry of Finance of local currency for the purposes of the operating budget and for the purposes of meeting imports The private sector and maintaining the stability of the target exchange rate from the Central Bank.

He pointed out that the foreign currency sale window is considered one of the largest open market operations in controlling the levels of local liquidity and putting the cash surplus in its proper tracks, which is a good economic indicator and achieves one of the objectives of monetary policy.

He noted that the Central Bank of Iraq exercises multi-dimensional functions, as it is concerned with financial stability, management of the payments system, management of foreign reserves, licensing and control of banks and financial institutions, and the establishment of preventive controls, in addition to other tasks related to the issuance of cash and the dissemination of data, indicators and economic forecasts. The central bank is managing monetary policy that aims to control inflation, stimulate the economy, balance the balance of payments, and achieve monetary stability.

149 . views   Added 10/11/2022 - 10:37 AM  Update 10/11/2022 - 5:21 PM

https://economy-news.net/content.php?id=30158

The Center For Banking Studies At The Central Bank Signs A Memorandum Of Cooperation With Its Egyptian Counterpart

Banks    Economy News – Baghdad   The Center for Banking Studies at the Central Bank of Iraq signed a memorandum of cooperation with the Banking Training Institute at the Central Bank of Egypt.

The media office of the Central Bank stated in a statement that "the memorandum aims to enhance cooperation in the field of training and development of human resources and workers in the banking sector in the two countries, as well as the exchange of experiences and studies between the two sides, especially in modern fields."

The statement added, "The signing of the memorandum of cooperation comes as one of the results of the visit made by the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokheb, to the Republic of Egypt earlier this year. The Central Bank of Iraq and Director General of the Egyptian Banking Training Institute.

It is noteworthy that the Center for Banking Studies signed a number of agreements with local and international training centers, "as part of its endeavor to enhance the annual training courses it provides to workers in the Iraqi banking sector." 158 .views  10/11/2022 - 11:15 AM  Update 10/11/2022 - 5:13 PM      https://economy-news.net/content.php?id=30160

Low Exchange Rates Of The Dollar Against The Dinar

Economie| 09:53 - 10/11/2022   Baghdad - Mawazine News , the dollar exchange rates decreased, today, Tuesday, in the local markets.  Selling price: 147.950 dinars per $100

purchase price: 147.850 dinars per $100   https://www.mawazin.net/Details.aspx?jimare=2079

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

https://www.bondladyscorner.com/

Some "Tuesday News" Posted by Samson at KTFA 10-11-2022

KTFA:

Samson:  Parliamentary Investment: Iraq has a financial abundance of more than 86 billion dollars

11th October, 2022

The Parliamentary Investment and Development Committee considered that Iraq, "for the first time since the establishment of the Iraqi state," has so far had an abundance of money that neighboring countries do not possess

Committee member Hussein Al-Sabri said, "Iraq has a financial abundance of more than 86 billion dollars and does not need aid, and thus Iraq's economic strength has become very large, as Iraq, for the first time since the establishment of the Iraqi state until now, has financial abundance that neighboring countries do not possess, they are all negative and have economic problems, as do European countries

In his speech to the official Al-Sabah newspaper, Al-Sabri continued, "Iraq lacks a strong government, if it existed, there would have been a boom in its economy," expressing his hope that "a government with full powers will be formed and bring people who are interested in serving the citizen  LINK

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Samson:  The Iraqi parliament sets a session to elect the president of the republic

11th October, 2022

The House of Representatives has set a session the day after tomorrow, Thursday, to elect the new President of the Republic of Iraq in light of the intensification of differences over this position by the two main Kurdish parties (the Kurdistan Democratic Party and the Patriotic Union of Kurdistan).

Parliament Speaker Muhammad al-Halbousi announced in a statement today, that the session will be held on Thursday, October 13, and the agenda will consist of one paragraph, which is the election of the President of the Republic.   LINK

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Samson:  Ihsan Al-Shammari : Barham Salih is the most likely to be elected President of the Republic

11th October, 2022

Head of the Center for Political Thinking, Ihsan Al-Shammari, confirmed: that the candidate of the Patriotic Union of Kurdistan for the post of President of the Republic, Barham Salih, is the most likely to renew his selection as President of the Republic.

He told the National Iraqi News Agency ( NINA ): The lack of agreement is not related to eligibility, despite the existence of a prior agreement that the position of the President of the Republic belongs to the Patriotic Union's share, but the Kurdistan Democratic Party turned against this agreement and constituted a provocative factor for the Union, which firmly stuck to this position.

Al-Shammari added: The chances of Barham Salih are more for his support for reforming the political process and for setting a solution to the crises, and the Democratic Party should not antagonize Barham Salih because it will cost him a lot.  LINK

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Samson:  The Center for Banking Studies signs a memorandum of cooperation with its Egyptian counterpart

11th October, 2022

Yesterday, Monday, the Center for Banking Studies at the Central Bank of Iraq signed a memorandum of cooperation with the Banking Training Institute at the Central Bank of Egypt.
 
The memorandum aims to enhance cooperation in the field of training and development of human resources and workers in the banking sector in the two countries, as well as the exchange of experiences and studies between the two sides, especially in modern fields.
 
The signing of the memorandum of cooperation comes as one of the results of the visit paid by His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mikhib, to the Republic of Egypt earlier this year. The memorandum was signed on the website of the Egyptian Banking Training Institute in Cairo, Director General of the Center for Banking Studies at the Central Bank of Iraq and Director General of the Egyptian Banking Training Institute.

It is noteworthy that the Center for Banking Studies signed a number of agreements with local and international training centers, as part of its endeavor to enhance the training courses it provides to workers in the Iraqi banking sector annually.

Central Bank of Iraq
Media Office 
11-October – 2022  LINK

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Samson:  With the participation of Iraq, the international exhibition for national security and risk prevention was launched in Abu Dhabi

11th October, 2022

The activities of the seventh edition of the International Exhibition for National Security and Resilience "ISNR Abu Dhabi 2022", organized by ADNEC Group in cooperation with the Ministry of Interior, and in strategic partnership with the General Command of Abu Dhabi Police, kicked off today, with a high-level international presence, and the participation of a prominent group of Major national, regional and global companies specialized in the field of national and cyber security.

This year, the exhibition attracts 120 official delegations from all over the world, an increase of 20% compared to the previous edition, including delegations from Saudi Arabia, Iraq, Bahrain, Singapore, Egypt, Greece, Italy and Ethiopia, in addition to a delegation from Interpol.

The exhibition, which runs until October 12, has wide local, regional and country participation, as the number of exhibiting companies in this year's edition increased by 121% over the previous session, and the space allocated for displays increased by 15% compared to the previous edition of the exhibition in 2018. The number of participating countries increased 120% to 33 countries, and the percentage of new companies participating for the first time in this edition reached 8%, and the percentage of national exhibiting companies reached 34% of the total number of companies.  LINK

Samson:  Integrity arrests six suspects, including the director of the tax department in Baquba, red-handed with "bribery"

10th October, 2022

The Federal Integrity Commission announced Monday, the arrest of a director accused of bribery, the head and members of a procurement committee; For harming public money, in two districts in Diyala Governorate.

In a statement received by Shafaq News Agency, the commission's investigation department said that "the staff of the Diyala investigation office moved to the General Authority for Taxes in the province, and it was able to arrest the director of the tax department in Baquba red-handed, red-handed," pointing out that "the accused received the bribe, in exchange for conducting a transaction. Tax accounting for an auditor.

The department added that "the office's staff carried out two separate operations in the Diyala Electricity Distribution Directorate." The department explained that "the origin of the exchange transaction that led to damage to public money was seized, pointing out that the amount of damage amounted to (62,359,570) dinars."

The department pointed out that "the other operation, which was carried out by the office's staff, who moved to the Diyala Electricity Distribution Directorate, during which the owner of an electrical materials company was arrested in possession of exchange transactions belonging to an electricity maintenance center in Canaan district, as well as seals, receipts and purchase books for various offices."

And the department indicated that "three arrest warrants for operations were organized, and they were presented, along with the criminal features and (6) accused, who were arrested, to the judge of the Integrity Investigation Court in Baquba, who decided to arrest them in accordance with the provisions of Articles (307 and 340) of the Penal Code."  LINK

"Tidbits From TNT" Tuesday AM 10-11-2022

TNT:

Tishwash:  Al-Ugaili: The failure to form a government may place Iraq under UN tutelage

The political analyst, Sabah Al-Ugaili, warned against Iraq's return to UN tutelage, in the event the political parties fail to choose the President of the Republic and form the new government. 

Al-Ugaili told Al-Maalouma, "The Kurds are trying to link the file of the Presidency of the Republic to the Shiite house and the agreements on the new prime minister, while the Shiites have made up their minds to choose Muhammad Shia Al-Sudani for the position of prime minister." 

He added that "the political process is waiting for the Kurds to decide their candidate for the presidency, so that Al-Sudani is assigned to head the government, especially since this personality is acceptable to most political parties."

And he indicated that "Al-Hanana has become outside the political game because of the withdrawal of its deputies from Parliament, and therefore there is nothing left but the framework that can put pressure on the Kurds to resolve their issue and present a personality for a vote in Parliament." 

He pointed out that "and if the government is not formed, Iraq may be under UN tutelage again, which opens the door to a crisis greater than the formation of the government, which requires the framework to take the initiative role to resolve the presidency, whether by presenting a candidate or several candidates to implement the 2018 scenario."   link

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Washington to Iraq's leaders after the "year of failure": you were not able to resolve your differences and engage in a non- violent dialog

The United States called on Iraqi political leaders to hold a "broad and comprehensive" dialogue in order to form a new government and not to resort to "unacceptable" violence, while indicating that a year after the early elections, they were unable to resolve their political differences.

The official spokesman for the US State Department, Ned Price, said in a statement marking the one-year anniversary of the early Iraqi elections and seen by Shafak News Agency, "A year ago, Iraqis voted in early and credible elections in the hope that it would result in a government that reflects the will of the Iraqi people. Since then, Then, Iraq's leaders were unable to resolve their political differences."

"The United States supports a broad and inclusive dialogue to chart a common path forward, and we join many of our Iraqi friends in stressing once again that violence is unacceptable, and we call on all parties to take a peaceful and inclusive path out of the current political impasse," Price added. ".

"For now, the United States remains committed to partnering with the government and people of Iraq to promote economic growth, create more jobs, ensure the enduring defeat of ISIS, end corruption, and increase resilience to the effects of climate change," the State Department spokesperson added.  link

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CandyKisses:  A year of political failure” .. Iraqis without a government: sarcasm and resentment, and Guinness welcomes you

It is the first day after a year of apparent political inability to form a new Iraqi government, as Iraq's leaders did not succeed in dissolving its symbols after tug-of-war and "intermittent wars", demonstrations and political withdrawals, so that Iraq will emerge in the end (zero government), and early elections will be in (October 10, 2021) just an event that the Iraqis practiced at the time to be on a date with the next unknown, amid sarcasm and black comedy from the scene in which the ruling political class entered Iraq “Guinness Encyclopedia” of its inability to form a government, hitting a previous figure recorded for it also in 2010.

The ostrich that does not see a year of failure

It is known that when Iraqis meet and in any forum, they initiate to talk about politics, so what if their day and night are currently a political crisis.

In an evening session for a number of people, inside a residential area, Mr. Abu Wissam, an employee in one of the state ministries, resorts to gathering “session” chairs near his house with a number of his neighbors to have a dialogue and discuss “worldly matters” including, of course, the crisis of forming the new government. 

On the night of October 10, 2020, Abu Wissam says, "The weather is beautiful and it started (breaking) and we entered the winter season, and we hope that there will be heavy rains to compensate for this drought." 

The person continues, telling Shafaq News Agency, "A year has passed, and let's say four chapters in which we have not seen a political spring, and every day that passes there is a renewed crisis in the formation of the government, as if they (he means the leaders of the country) are fabricating the crisis within the crisis," noting that "the last thing they reached is the inability to Iraq has to act economically after (12/31/2022), and the lack of a budget and this will certainly affect us, the employees who do not know, our condition is the case of all groups of the people, about the fate of the country and where it is heading, in light of the rivalries and desires of the people that each have his share and desire, forgetting the concerns The Iraqi people and what we have come to.”

In this company of young men and women, Abu Mustafa asks for “Al-Tawli,” a popular Iraqi game, to have fun with those present, while at the same time they discuss “what comes to mind” of various topics. The man in his sixties, a taxi driver working in the capital, Baghdad, and his wife, an employee in one of the state’s departments, said, “mockingly at the current situation,” that “we should really celebrate what we have achieved.

A whole year has passed without a government, and this is considered an achievement for the ruling political class if it makes its people live for a year” in the vacuum) and we are still waiting for days that may be more difficult," using a well-known Iraqi proverb (the rope on the tractor) in reference to an open period of time during which a new Iraqi government may or may not be formed. The man adds that "the other problem is that this government, if it is formed, will face other problems and may resign and will not be able to accomplish anything. Things with or without a government do not bode well."

Abbas, a university student at the College of Political Science at the University of Baghdad, finds that "the paralysis that has accompanied the political process with the passage of a whole year since Iraqi politicians have been unable to agree and form a new government, has begun to affect Iraqi life and is reflected on all segments of society, in light of the daily life crises we live in." We live today and say that it is better than tomorrow, because the next day may be worse in light of what this political class has brought us to, which thinks only of its interests."

In his interview with Shafaq News, the university student asks, "Do not the country's leaders look at the warnings, appeals and international calls that are issued and warn Iraq against not forming the government, the latest of which is the opinion of the UN envoy, Jenin Plasschaert, which is an explicit warning of the possibility of imposing guardianship on it, so why do they put their heads in the dirt like ostriches or they see the imminent danger to Iraq."

His colleague Roaa Essam shares this fear by saying that "a year has failed without a government, and a government that is formed is also threatened with failure, and a new preparation for early elections, and a new government, all of which means that this political system must accept reality and step down from power because it is the source of the crisis and not a solution because it cannot offer something to the Iraqi people, who have suffered scourges and wars and are satisfied with them.

We should not live the tragedy of a war here and there in order to form a government that may or may not continue, and the only winner is the politician and the loser is the people. The university student added to Shafaq News Agency that she "began to be afraid of work, so we do not know what will happen tomorrow, and we are living according to the common Iraqi saying (live today for the day)."

Among the crowded cars lined up near the University of Baghdad, a flower seller wanders around to sell it to passers-by, students and car owners. It seems that he was in a hurry to summarize the entire Iraqi political scene and a whole year of crises in one word, after being asked about the Iraqi situation, and he said, "She is ruined", which reflects the extent of the Iraqi street's dissatisfaction with the situation in light of this crisis, which appears to be continuing, at least in the foreseeable future.

Iraq enters the Guinness Book of Records

And with the advent of Thursday, 7/28/ 2022, Iraq entered the longest period of political "stalemate" after the elections and the failure to form a new government by 291 days, exceeding the previous delay in not forming a government in 2010, which ended in former Prime Minister Nuri al-Maliki.

A Reuters report at the time, seen by Shafak News Agency, said that "more than nine months after holding elections in October, the lawmakers tasked with choosing a president and prime minister did not come close to agreeing on anything, so that Iraq recorded a record period of 290 A day (until yesterday, Wednesday), without a prime minister or government,” noting that “the longest previous period without a government in Iraq was in 2010 when 289 days passed without a government until Prime Minister Nuri al-Maliki assumed a second term in office.”

With the passage of a whole year since the "failure" to form the government, it seems that the records are broken only by the current political class, after 366 days of not forming a new government.

Blackshart warns, guardianship looms

On October 4, 2022, the UN envoy, Jenin Plasschaert, gave a briefing to the UN Security Council on the situation in Iraq, in which she confirmed that differences prevail over the language of dialogue, and that the southern provinces are witnessing armed skirmishes and the political class is unable to resolve the crisis, indicating that "disappointment "The people have reached the sky. Many Iraqis have lost faith in the ability of Iraq's political class to work for the benefit of the country and its people. Continuing failure to address this loss of confidence will only exacerbate Iraq's problems."

The UN envoy pointed out that "the political system and the system of governance in Iraq ignore the needs of the Iraqi people. The rampant corruption represents a major root cause of dysfunction in Iraq. No leader can claim that he is protected from it. Keeping the system "as is" will rebound with negative results." With this briefing, Iraqi politicians warned of an international tutelage over Iraq, whose political leaders are "incapable" of finding solutions and the apparent inability to form a government. This trusteeship system applies to countries that are defined in international law as "deficient in sovereignty", and are subject, according to special conditions, to an agreement that is supervised by the Trusteeship Council of the United Nations.

The international trusteeship system came as an alternative to the mandate system that was applied during the era of the League of Nations, which was replaced by the United Nations with its establishment in 1945, in order to settle the situation of the colonial countries in accordance with international legal legitimacy that moved them gradually from a situation of complete colonialism to a transitional situation followed by complete independence.

These international developments and internal discontent come after the "failure" of political attempts to break the political stalemate, as the entire political process resulted in the election of Parliament Speaker Muhammad al-Halbousi and the Presidency Council of the Parliament that broke up and began to spin in a vicious circle after the resignation of the Sadrist movement's representatives, including Hakim al-Zamili, First Deputy To the president, Al-Halbousi returned again and asked to resign again, and his resignation was rejected by the coordination framework, which became the largest bloc with seats that benefited from it following the resignation of the Sadrist movement’s deputies, so that the rejection of Al-Halbousi’s resignation would be a new vote for him to remain in the position, with the election of Mohsen Al-Mandalawi as the first deputy speaker of the House of Representatives to succeed Al-Zamili.

His old man and Wan Abdullah will remain as a second deputy, with a clear inability to agree on the candidates for the presidency and the ministers, despite the coordinating framework’s adherence to his candidate, Muhammad Shiaa Al-Sudani, who seems to have great difficulty in passing his formation or even remaining a candidate in light of the refusal of whom.”The Sadrist Movement and the Octoberists", provided that the attempts to storm Parliament are not far from the objectors, and things may develop beyond that through the use of weapons between the opposing parties, which the Iraqis do not aspire to, of course.

Mot: .One Question!! - ""WHY"" is it ALWAYS - Tomorrow!!!??? ~~

Mot: ~~ Guys!! - Its A Marital Thingy I Guess!! ~~~~

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Al-Kazemi: Changing The Dollar Exchange Rate Against The Dinar Is The Most Successful Decision

Prime Minister Mustafa Al-Kazemi

money and business   Economy News – Baghdad   Prime Minister Mustafa Al-Kazemi confirmed that changing the exchange rate of the dollar against the dinar is the most successful decision taken by his government. Al-Kazemi said, in an interview with Al-Monitor, which was followed by "Al-Iqtisad News,"

"We reached a point where we were unable to pay the salaries of employees and retirees, but thanks to the white paper, the Iraqi economy will witness reforms."

He added that: my government agreed to implement projects such as the port of Al-Faw, the construction of solar power plants, the investment of gas associated with oil production, and the construction of 1,000 schools.

He explained that the Central Bank's reserves rose from 49 billion dollars to 86 billion dollars, and

changing the dollar exchange rate was one of the most successful decisions we took.

647 views   Added 09/23/2022 - 2:23 PM   Update 10/09/2022 - 7:28 PM

https://economy-news.net/content.php?id=29854

Parliamentary Recommendation To Take Precautionary Measures To Tackle Inflation

Economy Yesterday, 14:40   Baghdad – (I know)  Today, Sunday, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, stressed 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, and received by the Iraqi News Agency (INA), 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 with the aim of

protecting deposits Citizens and

keeping 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 that

“the bank must take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.”  He 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, a number of questions were raised by the members of the Finance Committee related to the

currency sale window of the Central Bank, the

industrial and housing initiative loans, the

Central Bank’s policies regarding increasing the capital of

commercial,

Islamic and

private banks,

custodian banks,

letters of guarantee, and the

bank’s supervisory role over banks, and to

come up with a number of recommendations.

And it was agreed to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details.    https://www.ina.iq/167416--.html

Iraq Stock Exchange: 5 Goals Achieved Via Cooperation With CBI And SCI

Economy  8-10-2022, 20:30  INA – BAGHDAD   Iraqi Stock Exchange confirmed on Saturday, that cooperation with the Central Bank of Iraq - CBI and the stock market has achieved 5 goals and objects.

"Cooperation with these two has achieved goals.

First of which is represented by working to oblige the brokerage offices owned by banks to convert to brokerage companies starting from 2008-2009, to be of independent financial responsibility. In accordance with the Companies Law and in line with the rules of the Securities Commission of Iraq – SCI,” said the Executive Director of the market, Taha Ahmed Abdul Salam to the Iraqi News Agency – INA.  He added,

“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 in compliance with SCI criteria for listing, which made the banking sector the largest listed sector in the Iraqi Stock Exchange.”

"The third goal includes holding joint committees between the three parties periodically, which would develop the securities sector continuously,” he included, adding

“while the fourth goal 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.”  Abdul Salam highlighted, saying

"In this context, the due diligence of banking for dealers via banks, is offset by due diligence for those dealing with shares in the Iraqi Stock Exchange since 2015, especially since the Iraqi Stock Exchange does not accept cash transactions for the purchase of shares or payment except with limits of less than 15 million dinars per investor in one session.”

“The fifth goal 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 CBI granted approvals to four Iraqi banks that submitted their papers to SCI for ‘safe custody of securities’ activity.

All of them were approved at the beginning of November 2022,” he explained.

He concluded by emphasizing that there will be mechanisms of cooperation and joint action to enhance the role of the securities sector in supporting economy in Iraq.

https://ina.iq/eng/22282-iraq-stock-exchange-5-goals-achieved-via-cooperation-with-cbi-and-ics.html

Iraq Is Close To Offering A New Securities Platform

Economy,   2022/09/24 10:25  , the number of readings: 264   Baghdad - Iraq today:  The Chairman of the Securities Commission in Iraq, Hassan Al-Agaili, announced the imminent launch of a new platform for securities in the country, expressing his hope to launch it at the end of 2022.

He indicated that the platform bears the name “OTC”, which is an acronym for “Over The Counter", and it will be dedicated to trading the shares of companies not listed in the Iraq Stock Exchange.

He explained that the percentage change in the "OTC" platform for each session was determined by 5%, up and down, from the previous closing price for trading the shares of unlisted companies.

Hassan Al-Akaili added that the new platform will provide the best buying and selling offers for unlisted companies, whether they are joint stock or limited companies.

https://iraqtoday.com/news/66385/العراق-يقترب-من-طرح-منصة-أوراق-مالية-جديدة

The Federation Of Industries Reveals The Secrets Of Stopping The Iraqi Factories... Massive Layoffs Of Workers

economy   breaking   Iraqi laboratories   2022-09-25 05:40  Shafaq News/ The Iraqi Federation of Industries counted, on Sunday, the number of registered and unregistered factories, as well as the disabled ones, and while

identifying some of the reasons for stopping the factories, it

confirmed the layoffs of huge numbers of workers during the last period.

The head of the union, Adel Akab, told Shafaq News Agency,

"The factories registered in the union amount to about 60,000 factories, of which 43,000 are unemployed, while the

unregistered ones are estimated at half the number of registered factories or more."

Akab attributed the reasons for the factory owners' resort to not registering their factories to

"the bureaucracy in government departments, as well as

charging them with high debts and rents from state or municipal real estate, in addition to

flooding the market with foreign goods that local production cannot compete with,

especially after the recent lifting of some customs exemptions.".  He added,

"Customs used to take from local factories 23 dollars per ton, and then

it became 150 dollars, and

currently 62 dollars, and

the government was supposed to preserve the local industry,

as it raises customs on the Iraqi product and at the same time exempts some importers from customs."".  He continued,

"In addition to the lack of response from government departments to factory owners, as for the Ministry of Oil, it does not supply factories with fuel (kerosene), and if it finds kerose in them, it considers it smuggling, which made the factory owners confused."  Akab said,

"As a result, we are currently witnessing the layoffs of large numbers of workers after the factories stopped.

About a year ago, we had 1.3 million workers in registered factories alone, but now there is a sharp decline in the employment of labor, and there is no deafening ear for this issue."

The Ministry of Planning and the Iraqi Central Bureau of Statistics confirm that one-third of the factories of the Ministry of Industry are out of business.

Most of the companies and factories of the Ministry of Industry and Minerals had stopped production due to the looting and sabotage of their companies and factories, which occurred after the coalition forces entered Iraq in 2003, in addition to flooding the markets with cheap imported goods.

https://shafaq.com/ar/اقتصـاد/اتحاد-الصناعات-يكشف-خفايا-توقف-المعامل-العراقية-تسريح-ها-ل-للعمال

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Iraqi News Monday Afternoon 10-10-22

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The Continued Rise In The Exchange Rate Of The Dollar Against The Dinar

Economie| 09:47 - 10/10/2022   Baghdad - Mawazine News   The dollar exchange rates witnessed, today, Monday, a slight increase in the local markets.   Selling price: 148.200 dinars per $100  purchase price: 148.150 dinars per $100    https://www.mawazin.net/Details.aspx?jimare=207818

The Government's Last Chance...A Parliamentary Interpretation Of The Outputs Of The UNAMI Statement

political| 05:18 - 10/10/2022   Exclusive - Mawazine News   Independent MP Salah Zaini confirmed, on Monday, that the statement of the United Nations Mission "UNAMI" today, regarding the political situation in Iraq, will be a strong motivation for forming a government.

In an exclusive interview with Mawazine News, Zinni said, "This interest on the part of UNAMI will motivate and generate a greater desire to resolve this file, and that there is a need to move in this context."

Zinni continued, "The file of the political agreement and the dialogue of all parties will be a political incentive, and there are confirmed indications that the file of forming a government will be resolved within a few days."

He pointed out, "The interest of the United Nations mission in the need to expedite the approval of the budget due to its necessity, and that life will stop if this year ends without its approval, noting that salaries will also be threatened."

And the United Nations mission called, earlier today, Monday, the active parties in Iraq for dialogue and to meet the needs of the people.

And the mission stated in a statement that Mawazine News received a copy of it, that "the Iraqis went to the polls a year ago in the hope of drawing a new future for their country. Iraqis died and thousands were injured," she said, noting that "this 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."

She stressed, "The adoption of the 2023 budget before the end of the year is urgent," noting that "resolute efforts have been made in the past weeks and months for all actors to embark on a path towards political stability, but to no avail."

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. Ended 29/R77

https://www.mawazin.net/Details.aspx?jimare=207871

Without Preconditions.. Canada Invites Iraqi Politicians To Dialogue

Political | 08:20 - 10/10/2022   Baghdad - Mawazine News   Today, Monday, the Canadian Embassy in Baghdad issued a statement on the occasion of the first anniversary of the early elections in Iraq.

And the Canadian embassy said in a statement that Mawazine News received a copy of it, that it calls on Iraqi politicians to engage in dialogue without preconditions.

https://www.mawazin.net/Details.aspx?jimare=207886

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". https://www.mawazin.net/Details.aspx?jimare=207814

Mps Demand The Government To Declare The Marshes A Disaster Area

Monday 10 October 2022 14:36​​| Economic Number of readings: 370   Baghdad / NINA / - Representatives from Dhi Qar Governorate demanded the government to declare the marshes of southern Iraq a disaster area, and to provide them with a fair share of water.

Representative Hassan al-Asadi said, in a joint press conference today, Monday, that "the marshes of southern Iraq, despite their entry on the World Heritage List in July 2016, the state, both legislative and executive, did not abide by its responsibilities and did not provide its local communities with the infrastructure of schools, health centers and clean drinking water. ".

He added, "The situation has reached the extent to which its water share has been exceeded, at a time when the strategic reserves in the dams of Mosul, Haditha, Dukan and Lake Tharthar were depleted by no less than 20 billion cubic meters in one year, starting from July 2021."

He added, "The current amount of the Al-Hawizeh Marsh does not exceed one cubic meter/sec, out of 200 cubic meters/sec released from the Kut Dam," noting: "The water releases from the marshes have greatly diminished, and the percentage of flooding has decreased to less than 8% of The origin of the stated goal of the marshes in 2005 to recover 5,560 km2.

He continued, "The government deliberately neglected, or even ignored, the recommendation of the 40th UNESCO Conference to (provide a minimum level of water for the Marshes of Southern Iraq within the World Heritage property to sustain the ecosystem) and to involve local people and relevant civil society organizations in updating and implementing the management plan, and even exceeded that. The management plan has been shelved and has not been implemented.”

Al-Asadi called on the government to manage drought with an integrated work team, provide subsidized feed for buffaloes that do not find enough water to drink, include the marsh residents in the social protection network, release Article 140 allocations, and urgent emergency plan resources until the water situation of the marshes improves. / https://ninanews.com/Website/News/Details?key=1006588

Parliament Decision: We Will Soon Open Money Laundering Files

Monday 10 October 2022 11:03 | Economic Number of readings: 458   Kirkuk / NINA / - The Rapporteur of the House of Representatives, a member of the Parliamentary Integrity Committee, Representative Gharib Askar, stressed the importance of combating the crime of money laundering in Iraqi banks with serious and quick steps.

Askar said in a statement: “We are determined to eliminate the money laundering crime that has greatly affected the Iraqi economy,” noting: “The Anti-Money Laundering Law of 2015 will cure this matter, but it needs to be activated by the government,” stressing: “The Parliament will soon open money laundering files in Iraqi banks, and we are working to eradicate this dangerous crime."

Askar called on the House of Representatives, the Integrity Commission and the concerned authorities to pay attention to this matter and develop quick solutions,

pointing out that: “financial and administrative corruption, currency auction corruption and smuggling it to private banks need a serious stand by the government and parliament.”/ End

https://ninanews.com/Website/News/Details?key=1006518

Parliament Completes The First Reading Of Five Bills

Today, Monday, the House of Representatives completed the first reading of five bills.

The Media Department of the House of Representatives said in a statement: "Parliament, during its session held today, completed the first reading of the draft law on the first amendment to the Law of the Ministry of Electricity No. 53 of 2017."

She added, "The council also completed the first reading of the first reading of the draft law of the first amendment to the Law of the Martyrs Foundation No. (2) of 2016, and also completed the first reading of the draft law of the third amendment to the Industrial Investment Law for the private and mixed sectors No. (20) of 1998."

And she added, "The council completed the first reading of the draft law on the first amendment to the law on the care of people with disabilities and special needs No. (38) of 2013, and the first reading of the draft law on partnership between the public and private sectors."

She stated that "the House of Representatives postponed the first reading of the first amendment bill to the Iraqi National Oil Company Law No. (4) of 2018".

https://www.radionawa.com/all-detail.aspx?jimare=31584

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Monday Afternoon Iraqi Parliament News Highlights 10-10-22

Monday Afternoon Iraqi Parliament News Highlights 10-10-22

Al-Amiri's Alliance Reveals "International Pressures" To Expedite The Formation Of The Government And Stabilize The Situation In Iraq

Shafaq News/ Al-Fateh Alliance, which is part of the coordination framework, revealed, on Monday, "international pressures" to expedite the formation of the new Iraqi government, and to establish stability in the country.

"There are calls and international pressures for the necessity of stabilizing the situation in Iraq, and proceeding with the formation of the government," Al-Fateh MP Moeen Al-Kazemi told Shafaq News Agency.

Al-Kazemi justified these pressures by saying that "Iraq is a major source of energy by exporting 3.5 million barrels of oil per day, especially as the world is approaching the winter season."

Today, Monday 10-10, marks a full year since the early October elections, which have not yet resulted in the formation of a government due to the conflict of the political blocs.

The first months after the elections in October 2021 witnessed open sit-ins by the forces of the Shiite coordination framework, which ended after a decision of the Federal Supreme Court to ratify the election results, while the Sadrist bloc that won those elections failed to form a government of the "national majority", which prompted the leader of The Sadrist movement Muqtada al-Sadr to withdraw from Parliament.

About 10 months after the elections, supporters of the Sadrist movement staged a sit-in in the parliament building for more than a month in protest against the nomination of Muhammad Shia'a al-Sudani to head the next government, and then they stormed the Republican Palace, which ignited bloody clashes between the Armory Brigades, the military wing of the movement, and the security forces inside the Green Zone.  LINK

Representatives Threaten To Sue Al-Kazemi And His Government

Political news   October 10, 2022   Representatives threaten to sue Al-Kazemi and his government 1-40

Representatives of the Kurdistan Democratic Party bloc threatened to sue the government and Prime Minister Mustafa Al-Kazemi for not implementing the Sinjar Agreement, demanding the implementation of the Sinjar Agreement, despite the passage of two years since it was signed between the federal government and the Kurdistan Region, in the presence of the United Nations and international support.

MP Mahma Khalil said, in a joint press conference today, Monday, "Sinjar's conditions are still tragic, and we have not come out of it because of the constitutional, legal and security violations."

He added, "The government of Mustafa Al-Kazemi failed miserably to implement the agreement, when it promised the people of Sinjar to implement this agreement on the ground, and it is obligated to do so, and we will sue it in the Iraqi courts for not implementing the agreement."

He explained, "One of the terms of the Sinjar agreement includes the employment of 2,500 security personnel from the people of Sinjar to replace irregular and illegal forces," criticizing the Al-Kazemi government, which sees the displaced people sleeping in tents and in tragic conditions, and so far there are no services, no security, no return of the displaced, and no reconstruction. .

He continued, “There is an illegal administration that is endorsed by the Kurdistan Workers’ Party, and the people of Sinjar rejected this administration, so we, representatives and representatives of Sinjar and the Kurdistan Regional Government, are trying to implement the agreement, but to no avail because of the obstacles placed by the PKK, and it is shameful.” The government should not ratify and implement the agreement, and the agreement is still ink on paper.”  

https://khabaar.press/archives/99765https://khabaar.press/archives/99765

Al-Amiri Alliance Reveals “International Pressure” To Expedite The Formation Of The Iraqi Government

Political news    October 10, 2022   On Monday, the Al-Fateh Alliance, which is part of the coordination framework, revealed "international pressures" to expedite the formation of the new Iraqi government, and to establish stability in the country.

And the representative of Al-Fateh Moin Al-Kazemi said, "There are calls and international pressures for the necessity of stabilizing the situation in Iraq, and proceeding with the formation of the government."

Al-Kazemi explained these pressures by saying that "Iraq is a major source of energy, with 3.5 million barrels of oil per day, especially as the world is approaching winter."

https://khabaar.press/archives/99741https://khabaar.press/archives/99741

The Interactions Of The Hour..The Constitution Does Not Allow Choosing A Candidate For The Presidency Of The Republic In The Parliament Of Kurdistan

October 10, 2022   Baghdad/The Obelisk: The Obelisk publishes the most prominent interactions of television dialogues, Sunday 10/09/2022.

Representative of the Coordination Framework, Ahmed Al-Moussawi, during a televised interview:

- The slums law will be voted upon after the parliament's conviction

- The framework for offering solutions and initiatives to get out of the blockage

- The "state administration coalition" meeting focused on proceeding with the formation of the government

- The Kurdish parties did not agree on a single candidate for the presidency

- The State Administration Coalition gave the Kurds a deadline to resolve the presidency

- The political situation cannot remain as it is

- Parliament received many laws from the government

- There is no danger in presenting laws to public opinion

- The slums crisis must be discussed in real terms

- Reading the slums law does not mean its approval

- The Slums Law will not be passed in its current form

- It cannot be Talking with the current about positions at

the moment - the Sadrist movement withdrew due to its failure to hold sessions

– The problem of the current and the framework is currently in the lack of confidence

– Al-Kazemi’s government was not impartial in holding the elections

– Al-Kazemi’s government sided with one party over the other in the elections

– The framework will not take a step that restores the tense situation with the Democrat

– It is not possible to break the will of the Democrat and leave the National Union

– Agreeing on a compromise candidate It is the best solution for the Kurds

Representative of the Sadiqoun bloc, Muhammad Al-Baldawi, during a televised interview:

- Al-Kazemi's government was supposed to be only one year old to prepare for early elections

- Al-Kazemi's government failed to achieve its goals and plunged the country into darkness

- There are external parties seeking to thwart the political process that is still effective so far

- The coordinating framework was his hands outstretched to all political forces

- We wait From the brothers in the movement to take an initiative to move the country forward

- there is no solution but to go to form a government and our hands are still extended to the brothers in the movement

- we seek to form a government of services and the program presented by the Sudanese can advance the reality of the citizen

- the key to the solution to the problem of forming the government is in the hands of the Kurds and if we do not reach Consensual solutions We will take a stand

Professor of Mass Communication at Ahl al-Bayt University Ghaleb al-Daamy during a televised interview:

- Al-Sadr’s acceptance of participation in return for 6 ministers is a major sin

– The calls of the political forces for the participation of Al-Sadr drop a duty

– Forming a government without the approval of Al-Sadr will cause problems

– The National Union and key parts of the framework reject early elections

– The political crisis is not limited to the presidency

– The delay of the presidential candidate is caused by the lack of A Shiite agreement

- the Sudanese Shiites have to deal with the father's view of his children

- Al-Maliki was objecting to Al-Sudani because he believed that he was close to the Sadrists

Representative of the Patriotic Union of Kurdistan, Suzan Mansour, during a televised interview:

– The 2018 scenario in choosing a presidential candidate may be repeated

– The presidency of the republic deserves the National

Union – The National Union is still clinging to Barham Salih so far

– We do not count on the 2018 scenario to choose the President of the Republic

– We are confident that our candidate will win if we enter two candidates for the presidency

– Barham Salih is our only candidate for the presidency

– The Iraqi political system needs restoration

- the two Kurdish parties have not yet reached a single candidate

- the constitution does not allow choosing a presidential candidate in the Kurdistan Parliament

Member of the Coordination Framework, Hamid Al-Moussawi, during a televised interview:

- The Kurds did not agree on a single candidate in 2018, and the national space decided the matter

- The framework insists on Kurdish consensus despite the previous involvement of the Democrat in excluding

him - The framework officially announced his candidate for prime minister in order to preserve the higher interest

- No one questioned the possibility of the Sudanese or his ability to manage the state

- The Democratic request A deadline to complete the negotiation and resolve the presidential file

- What is happening between the two Kurdish parties is an existential issue

- The balance in the Kurdistan region is very important

- The framework will not abandon the PUK

- The insistence of the two Kurdish parties not to agree will push us towards the 2018 scenario

Independent MP Yasser Al-Husseini during a televised interview:

- The blockage cast a shadow over all the Iraqi reality

- The Shiite framework will not go ahead without consulting others

- The tripartite alliance was determined to exclude others

- The framework was proceeding with understandings over the past period

- One of the government's parties is accused of inflaming the security situation

- The dispute will return as soon as we talk about completing the benefits

- Imposition Our committee should read the Mineral Investment Law

- There are countries that fuel internal disputes in the country

- Plasschaert informed us of the rejection of early elections until after a year and a half has passed

- The framework does not want to proceed with the formation of the government without the participation of the movement

- The role of the independents at the present time is very ambiguous

- The independents are the “mass bloc” Most Numerous

- Independents scattered after the failure of their first initiative

Kurdistan Democratic Party member Wafaa Muhammad during a televised interview:

- The current problem of the Kurds is similar to the problem of the Shiite house

- The National Union did not adhere to the agreements concluded with the Democratic Party

- It is shameful for the National Union to stick to one candidate

- Signs of holding a presidential election session do not exist

- We presented 3 new proposals to solve the crisis of the Presidency of the Republic

- We suggested electing the President of the Republic Through the parliament of the region

- the Democratic Party does not want to repeat the scenario of 2018

- there is a good understanding with the framework regarding the oil and gas law

- giving a deadline to the Kurdish side is a warning

- it is difficult to hold the presidential election session this week

Haider Al-Jubouri, a member of the Parliamentary Services Committee, during a televised interview:

- We were surprised by the inclusion of the slum law in the session without our knowledge

- More than a million families live in slums, most of them in the Middle Euphrates

- Slums that are not included in the basic design of Baghdad will own

- 75% of the residents of slums are below the poverty line

Representative of the State of Law Coalition, Muhammad Al-Ziyadi, during a televised interview:

- The Slums Law is from 2017 and has not been voted on

- The Slums Law will be amended to serve citizens

- Parliament will return the Slums Law to the government to amend it

- The Slums Law will end abuses

- The Slums Law is from 2017 and did not vote on it

- The Slums Law will be amended to serve citizens

- Parliament will restore the Slums Law To the government to amend it

- the slums law will end the abuses

Legal expert Ali Al-Tamimi during a televised interview:

- The Slums Law consists of 23 articles, most of which contain violations

- The Slums Law sets rent allowances for 25 years and then ownership takes place

- The writing of the slums law is very poor

- There are laws that must be voted on, such as the Oil and Gas Law

- Article 30 of The constitution obliges the government to provide housing for citizens

https://almasalah.com/archives/21925

Monday Afternoon Iraqi Economic News Highlights 10-10-22

Monday Afternoon Iraqi Economic News Highlights 10-10-22

Investment Authority: The Korean Honwha Company Has Not Spent Any Amounts On The City Of Bismayah

Economie| 09:49 - 09/10/2022   Baghdad - Mawazine News    The National Investment Commission denied the inaccurate statements about the Korean Honwha Company's spending on the city of Besmaya.

The authority said in a statement received by Mawazine News: "We were surprised by the statements issued by the South Korean company Hanwha regarding the Basmaya housing project, at a time when talks are continuing between the two sides to reach solutions to complete the project in full, and we regret the inaccurate details contained therein. We find it useful to provide this brief explanation about the mechanisms of the project, which we still hope to be fully accomplished.

My agencies:

  1- The Basmaya project has been fully funded and to date by the Iraqi state and there are no funds spent by the Korean company as stated in the statement issued by the company.

2- The contract concluded between the Iraqi government and the Korean Hanwha Company stipulates that the Iraqi government will bear only 25% of the project’s cost of ten billion US dollars to complete 100,000 housing units within ten years from the date of signing the contract in September 2012.

3- The Iraqi government paid two billion dollars as a first down payment after signing the contract.

4 - The contract includes that the Korean Hanwha Company will finance the remaining 75% of the project according to a mechanism that includes the company building housing units and handing them over to the Iraqi government represented by the National Investment Commission so that the Commission will sell them to citizens through government banks and then pay the amounts to Hanwha Company.

5- Hanwha Company’s breach of the agreed upon delivery dates for the housing units, which entails providing the necessary financing for the project, which is within the 75% of the company, which led to the failure of the project’s financing in the part that falls under their responsibility and not because of the delay in the payment of payments by the Iraqi government.

6 - The schedule for the delivery of housing units attached to the contract stipulates that the Korean company will deliver 10,500 housing units to the Iraqi government, after two years of signing the contract in May 2012, to be financed from the advance payment that the Iraqi government has committed to, and then delivers 22,500 housing units by Each of the years following this date up to seven years for the duration of the contract, while until September of the year 2014, only 1440 housing units were delivered, and the total number of delivered and inhabited housing units to date is only 20,400 housing units, and there are 9,000 other housing units that have not been completed and are unfit for habitation to date. .

7- The existence of a cumulative amount acknowledged by the Korean company, amounting to approximately one billion and four hundred million dollars of the total amount paid, starting at the signing of the contract, in addition to the amounts paid to the Korean company according to the terms of work, bringing the total amount paid to the company at approximately four billion five hundred million dollars of the contract amount The total amount of ten billion dollars, knowing that the total number of housing units to be delivered under the contract is (100,000) one hundred thousand housing units.

8 - The National Investment Commission obtained the approval of the Council of Ministers to contract with an international auditing company. After the audit process was completed, the company confirmed the existence of accumulated amounts with Hanwha, which is consistent with the outputs of the National Commission and proves its financial position above.

For all of the above, and with our keenness to move forward with the project, the negotiating team concerned with the authority renews its pledge to all those who are registered on the project and who wish to do so, to make every effort to resume work on the project and preserve the entitlements of the citizen and the state alike. Ended 29 / p. 87   https://www.mawazin.net/Details.aspx?jimare=207801

Iraq Is Turning To The Use Of Atomic Energy For Peaceful Purposes

Economie| 11:12 - 10/10/2022   Baghdad - Mawazine News   The Radiation Protection Center at the Ministry of Environment revealed, on Monday, the country's tendency to use atomic energy for peaceful purposes after the approval of the Security Council, stressing that Iraq possesses sufficient expertise that qualifies it to restore its atomic activity.

The director of the center, Sabah Al-Husseini, said that "there are moves to invest atomic energy after the approval of the United Nations Security Council to use it for peaceful purposes," noting that "the Presidency of the Council of Ministers directed the formation of a committee headed by the National Authority for the Control of Radioactive Sites and all concerned parties to work on completing the project."

And he indicated, "The center has prepared a complete study that dealt with how to benefit from atomic energy for peaceful purposes, especially that Iraq has sufficient experience that will enable it to restore its nuclear activity and its position among the countries of the world," noting at the same time that "this file is one of the complex files that need To infrastructure and many requirements, as well as coordination with the International Atomic Energy Agency.

In an interview with the official "Al-Sabah" newspaper, which was followed by Mawazine News, Al-Husseini confirmed that "the center is working with care and attention to provide all the necessary needs for the reuse of atomic energy for peaceful purposes."

He continued, "The country is currently chairing the Arab Atomic Monitoring Authority, which includes 12 countries, and is concerned with confronting radiological risks and disasters and training on the use of the latest radiological regulatory bodies, as well as preparing emergency plans to confront radiological disasters," adding that "the center is working to include all other Arab countries in the body." Thus, the formation of a union similar to the European Atomic Energy Union, which will enable all the countries of the Commission to hold meetings and prepare courses to train workers in this field. Ended 29/N33    https://www.mawazin.net/Details.aspx?jimare=207827

The Governor Of Najaf Announces The Completion Of The Procedures For Disbursing The Differences In Salaries Of Contractors

Economie| 03:10 - 09/10/2022   Baghdad - Mawazine News   Today, Sunday, Najaf Governor, Majid Al-Waeli, announced the completion of the procedures for disbursing the differences in salaries of contractors.

Al-Waeli said in a statement that Mawazine News received a copy of it, that "the financial financing procedures for the contractual salary differences for each of the departments of the Sewage Directorate and the Department of the Authority for People with Disabilities and Special Needs in the governorate have been completed."

He added, "All contracting differences transactions for all other departments have been submitted to the Budget Department in the Ministry of Finance for the purpose of allocating the amounts for each department, and the funding will be done once the budget department's work is completed."

https://www.mawazin.net/Details.aspx?jimare=207756

The Cabinet Secretariat Reveals A Tendency To Include Vital Projects In The Agreement With China

Political | 07:57 - 09/10/2022   Baghdad - Mawazine News The  General Secretariat of the Council of Ministers revealed, on Sunday, government directions to include vital and strategic projects within the agreement between Iraq and China.

The secretariat's spokesman Haider Majid told the official news agency, "There are governmental directions to include the vital and strategic projects that the country needs within the agreement between Iraq and China," noting that "these projects to be included are within the sectors of roads, bridges and infrastructure (sewage stations and water desalination plants). Energy, both oil and electricity.

He added, "There is a project to establish 15 hospitals with a capacity of 200 beds in each governorate, in addition to projects that will also be included, including railways and ports," noting that "the Ministry of Planning is working on preparing these giant projects in coordination with sectoral authorities, according to priority and the urgent need to complete all procedures." Legal, administrative, technical and financial assignments to refer these projects to reputable Chinese companies.

Majid added, "These projects will sustain the infrastructure and bring about a comprehensive qualitative change in all regions of Iraq."     https://www.mawazin.net/Details.aspx?jimare=207789

A Parliamentary Committee Calls On The Government To Form A Crisis Cell To Address Water Scarcity And Its Repercussions On Agriculture

Political | 04:38 - 09/10/2022   Baghdad - Mawazine News   On Sunday, the Parliamentary Committee on Agriculture, Water and Marshes called on the government to form a crisis cell to address water scarcity and its repercussions on agriculture in the country.

A statement by the committee, which Mawazine News received a copy of, stated, "The Committee on Agriculture, Water and Marshes held a meeting headed by MP Thaer Mukhyib al-Jubouri, head of the age, and in the presence of committee members today to discuss the topics on the agenda."

The statement continued, "During the meeting, which was held at the headquarters of the committee, the water scarcity and drought crisis and its repercussions on the agricultural, environmental, economic and social sectors were discussed, especially for the marsh dwellers and their animal wealth, as well as the release of the amounts allocated to the sectoral ministries in accordance with the emergency support law and the doors to disbursement, in addition to discussing the status of The current summer agricultural plan and the upcoming (proposed) winter agricultural plan.

He added, "The committee discussed setting dates for field visits to the sectoral ministries concerned with the work of the committee and its affiliated formations, as well as its visit to the Agricultural Bank."

The committee studied the Third Amendment Law to the Law on Irrigation Projects Implementation No. (138) for the year 1971. The committee also studied the approach of the Presidency of the House of Representatives to include the important laws of the committee on the agenda of the upcoming parliament sessions, which are (Agricultural Land Leasing Law, the first amendment to the law regulating the lease of agricultural land and ownership of the right to dispose of According to the statement, the committee called on the government to assume its legal responsibilities to form a crisis cell to address water scarcity and drought and its repercussions on the agricultural sector and its impact on society, especially the residents of the marshes

It also called on the government to activate the negotiating process with countries source to demand an increase in water imports.

The statement stressed, "the government should compensate the people of the marshes who lost their livestock as a result of water scarcity and drought that ravaged the marsh areas through preparing an integrated inventory in cooperation between the Ministry of Agriculture and local governments in the governorates."

The statement indicated that "the committee agreed to hold a meeting with the honorable Speaker of Parliament to obtain his approval to form a parliamentary delegation to visit Turkey and Iran to discuss the water file with them."

The statement demanded, “The Ministry of Water Resources to commit to the strategic study and to maintain the rate of water inundation for the marshes not less than 35%, and that the calculations of the agricultural plan started from the dams to the issuance of the main rivers and not vice versa, as well as the agreement on activating the oversight role of the committee through conducting field visits to ministries And its affiliated formations, where it was agreed to visit the Mosul Dam and Badush Dam in Nineveh Governorate, and the General Company for Petrochemical Industries in Basra Governorate. Ended 29/R77     https://www.mawazin.net/Details.aspx?jimare=207773

The Imminent Release Of Provincial Funds In The Food Security Law

Posted On10-10-2022 By Sotaliraq   Yesterday, Sunday, the Ministry of Planning talked about the imminent release of funds for the governorates within the Emergency Support Law for Food Security and Development.

This comes at a time when political parties fear that this law will turn into a political custom and be a substitute for the budget every year.

Planning Minister Khaled Battal said in statements followed by (Al-Mada), that "the Finance Committee hosted us in the presence of the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, to discuss the mechanism for 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." 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 Chairman 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," noting that "there will be Soon, the money for the governorates will be released.”

He continued, "There is 50%, according to the law, of the funds released by this government and 50% released by the next government," explaining that "the original in today's meeting is to accelerate the procedures for releasing 50% of the funds, and they will be launched soon."

Battal confirmed that "the Ministry of Planning has completed the launch of the allocations to the governorates," noting that "according to the deliberation that took place today, the problem is in 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 matters are on the way to solution."

For his part, a member of the Finance Committee in the former parliament, Mahmoud Al-Shabki, stated that “the law on emergency support for food security was passed in very complex political circumstances.”

Al-Shabki, a member of the Al-Fateh Alliance, added that “the law involved political issues that helped pass it, despite the presence of a great deal of objection to its texts.”

He pointed out, "There is a fear that this law will turn into a political custom that will be repeatedly passed with every year that witnesses a delay in approving the budget."

Al-Shabki explained, "The fears will begin at the beginning of next year, that there will be a will to repeat the experiment, and thus we will throw the budget off the wall and replace it with other alternative laws contrary to the public interest."

Last June, the House of Representatives voted for the resignation of the Sadrist bloc’s deputies and the law on emergency support for food security and development, which provided for financing the Ministry of Finance’s account with 25 trillion dinars, 18 trillion dinars of which was disposed of by the current government and the rest transferred to the next government.   LINK