Elon Musk Predicts U.S. In Recession Until "Spring Of 2024"

Elon Musk Predicts U.S. In Recession Until "Spring Of 2024"

By Tyler Durden  Sunday, Oct 23, 2022   Zero Hedge

If Elon Musk is any type of financial prognosticator, the market and economy could be in trouble for more than a year to come.  When prompted in a Twitter thread early on Friday morning, the Tesla CEO said that he thought the current recession would last "probably until spring of '24".

"It sure would be nice to have one year without a horrible global event," Musk said earlier in the thread.

He was then asked how much worse he thought the recession would get.

Musk answered: "Varies a lot. Tesla & SpaceX are in good positions, but many other companies are not." Channeling his inner Milton Friedman, he continued: "Recessions do have a silver lining in that companies that shouldn’t exist stop existing."

Its a timeline that Musk didn't bring up during the most recent Tesla earnings call. Recall, on the call earlier this week, Musk said the company is pushing forward with its production plans despite the current state of the global economy.

Musk said: “To be frank, we’re very pedal to the metal come rain or shine. We are not reducing our production in any meaningful way, recession or not recession.”

Musk continued: “The U.S. actually is in – North America’s in pretty good health. A little bit of that is raising interest rates more than they should, but I think they’ll eventually realize that and bring back down, I think.”

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

https://www.zerohedge.com/markets/elon-musk-predicts-us-recession-until-spring-2024

"Vietnam News" Posted by Samson at KTFA 10-23-2022

KTFA:

Samson:  Vietnam Blockchain Summit 2022 begins in Hà Nội

20th October, 2022

The Vietnam Blockchain Summit 2022 began yesterday in the capital city of Hà Nội. The event reflects the Southeast Asian country's enthusiasm for the adoption of cutting-edge technologies and the pursuit of innovation to spur national socio-economic development.

Speaking to participants at the summit, Trương Gia Bình, co-founder of FPT Corporation, one of Việt Nam's leading tech companies, and Chairman of the Vietnam Software Association (VINASA) said Việt Nam is ready to embrace the blockchain technological revolution.

"Twenty years ago, we believed Việt Nam would one day become a hub for new technologies," he said, "The summit this year is a recognition of our pathfinder spirit and the willingness to embrace the new technology."

He said the torchbearers today are the ones who will build a new world with technology as its foundation. He urged Việt Nam to strive to become a major tech hub to sustain its development momentum and to create technological breakthroughs in the future.

Industry experts, similarly, have considered Việt Nam, a developing country, as fertile land for blockchain tech with almost limitless potential for implementation and application. Of the world's top 200 blockchain businesses, ten were started by Vietnamese and offered various impactful tech solutions, setting a solid foundation for the future development of the new technology.

In 2021 alone, transactions worth US$6 trillion were settled on the Ethereum platform, according to crypto research firm Messari, in comparison to $1.25 trillion on Paypal and $13 trillion on VISA. The global blockchain market was valued at $4.67 billion last year. It has been projected to reach $7.18 billion in 2022 and $163.8 billion by the end of 2029.

Numerous countries around the world have started using blockchain for citizen ID and administrative applications. The world's largest corporations including IBM, Amazon and McKinsey have also taken advantage of the new technology to better manage their supply chains. Economists said they believe up to $450 billion can be saved annually by using blockchain to fight off counterfeits and reduce business risk in various fields.

Phan Đức Trung, Deputy Chairman of the Vietnam Blockchain Association, said the technology has the potential to open many new doors for the global economy. The summit, the first to be held in Việt Nam, offered great opportunities for blockchain players to connect, exchange ideas and contribute to the digital economy in the future.

The government of Việt Nam places great importance on the development of new tech and the country's digitalisation process with an objective to create value and economic breakthroughs, according to VINASA. The summit was considered an excellent opportunity for policymakers to listen to recommendations and feedback on how to build a blockchain economic model in Việt Nam.

As early as 2020, new tech has been named as one of the government's key priorities in R&D goals, as well as the adoption and implementation of the Fourth Industrial Revolution in Decision 2117/QĐ-TTg approved by the Prime Minister's Office.

A year later, Prime Minister Decision 942/QĐ-TTg has given the green light to the establishment of Việt Nam's legal framework to pilot, accept and adapt to next-generation digital services. The decision has been well-received by Việt Nam's tech community, which has spearheaded the development of new tech fields including blockchain, artificial intelligence (AI), virtual reality (VR) and augmented reality (AR).

Speakers at the summit also discussed the latest trends in development, how to train and develop human resources in the field, recommendations for countries to adopt and how businesses can utilise the new technology to improve business performance.

Vietnamese and international leading blockchain companies including Kyber Network, Gala Games, Sky Mavis, DFG, FTX, Binance, BNB Chain, Chainalysis, OKC and AAX were to hold talks and exhibitions at the summit, which ends today (October 20).   LINK

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Samson:  Vietnam’s economy registers strong growth in Q3: World Bank

21st October, 2022

Việt Nam’s GDP grew by 13.7 per cent year-on-year in the third quarter of this year and 8.9 per cent over the first three quarters, according to a report released by the World Bank (WB) on October 20.

The bank’s October report, Vietnam Macro Monitoring, shows that industrial production and retail sales posted another month of high growth rates (13.0 per cent and 36.1 per cent year-on-year) which could be attributed both to strong economic activities and to the low-base effects.

Both export and import growth moderated in September due to weakening demand from major export markets. FDI commitment fell in September, affected by the heightened uncertainty about global economic prospects while FDI disbursement continued to improve, the report says.

Despite softening energy prices, CPI inflation accelerated from 2.9 per cent in August to 3.9 per cent in September largely due to higher education costs and rents. Core CPI inflation accelerated as well, from 3.1 per cent in August to 3.8 per cent in September. The terms of trade deterioration eased in the third quarter compared to the previous three months.

Credit growth accelerated from 16.2 per cent in August to 17.2 per cent in September as the State Bank of Vietnam (SBV) raised credit growth limits on some commercial banks.

With strong demand for credit, the average overnight interbank interest rate rose from 3.5 per cent in August, reaching 5.48 per cent in mid-October, the highest since 2013.

The Vietnamese đồng continued to depreciate against a strengthening US dollar in September (1 per cent month-on-month and 3.8 per cent year-on-year). To stabilise the domestic currency, the SBV raised two key policy interest rates and the cap on key short-term rates on deposits denominated in local currency by 100 basis points, the first rate hike since April 2020.

The budget balance posted a US$0.5 billion deficit in September for the first time in 2022, but still registered a $10.5 billion surplus over the first 9 months of the year. Given the budget surplus, year-to-date government bond issuance reached only 28.7 per cent of annual plan, compared to 67.9 per cent in 2021.

According to the report, while the economic recovery has remained strong, heightened uncertainties related to the slowing global economy, rising domestic inflation, and tightening global financial conditions warrant increased vigilance and policy agility.

Given the economy has not fully recovered and growth in main export markets is expected to slow, continued active fiscal policy to support the economy should be closely aligned with economic outcomes and coordinated with monetary policy.

At the same time, as CPI and Core CPI are reaching 4 per cent – the policy rate set by the authorities – monetary authorities should be ready to consider further tightening of monetary policy to ensure inflation remains anchored.

Given the end of forbearance and tightening financial conditions, the financial sector faces heightened risks and prompt SBV guidance would help stem materialisation of such risks at the sector level, potentially affecting the real economy. LINK

Samson:  Việt Nam attends 29th APEC Finance Ministers’ Meeting

21st October, 2022

Việt Nam has posted high economic growth despite the fact the global economy and the Asia-Pacific Economic Cooperation (APEC) region faces many challenges as well as uneven incomplete recovery, Deputy Finance Minister Tạ Anh Tuấn said at the 29th APEC Finance Ministers’ Meeting held in Bangkok on October 19-20.

Việt Nam's third-quarter gross domestic product grew 13.67 per cent from a year earlier, raising its nine-month GDP growth rate to 8.83 per cent, he said

According to Tuấn, Việt Nam's proactive, flexible and effective management of fiscal and monetary policies has contributed to curbing inflation, maintaining macroeconomic stability, and creating momentum for economic recovery.

In order to promote growth, strengthen the economy's resilience, ensure macroeconomic stability and national financial security, Việt Nam will prioritise financial policies associated with perfecting regulations on mobilising national financial resources, strictly controlling the State budget deficit and public debt, and contributing to improving the resilience of national finance, he said.

The Vietnamese official also said that the contents of cooperation and international experience at the 29th APEC Finance Ministers’ Meeting are particularly practical to the current vision and mission of the Ministry of Finance. Themed “Advancing Digitalisation, Achieving Sustainability”, the meeting attracted the participation of more than 200 representatives from 21 APEC member economies and international organisations.

Participants at the event discussed economic and financial prospects and shared views on collaborative policy actions to achieve the Putrajaya Vision 2040, including the approval of the Aotearoa Action Plan with a view to developing an open, dynamic, resilient and peaceful Asia-Pacific community by 2040, for the prosperity of all its people and the world future system. The meeting reviewed and discussed the implementation of the 2022 initiatives namely "Sustainable Finance" and "Digitalisation of the Economy".

Thai Finance Minister Arkhom Termpittayapaisith affirmed that creating conditions for all economic sectors to have access to sustainable and effective finance is especially important to achieving inclusive and sustainable economic growth while fully harnessing the power of digitalisation for inclusive fiscal policy, including reducing the digital technology gap between different socio-economic groups.

Participants also shared their opinions on the economic situation in the post-COVID-19 period, positive and negative factors for economic recovery, and discussed financial policies to promote growth, focusing on  the implementation of "Sustainable Finance" and "Digitalisation of the Economy".   LINK

"Tidbits From TNT" Sunday Morning 10-23-2022

TNT:

CandyKisses:  Kurdish leader: Agreement to pass Al-Sudani booth in Tuesday's session

A leader in the Patriotic Union of Kurdistan announced a "political agreement" to pass the cabinet of Prime Minister-designate Muhammad Shia Al-Sudani in the parliament session on Tuesday.

Sherzad Samad told {Euphrates News} that "a political agreement to pass the Al-Sudani cabin on Tuesday, after the ministerial cabinet was completed."

He pointed out that "the National Union demanded the Ministries of Justice and Immigration and the Displaced, and there is harmony, consensus and understanding between the Sudanese and the leaders of the Union."

Samad added, "There is a tendency to grant the Ministry of Migration and Displacement, either to representatives of Sinjar or Mosul districts, an appreciation of their positions."

Kaseyko1:  They have stated that the proposed names for the cabinet positions will be named tomorrow. We'll see. They have also said govt should be completed by mid-week, which would be Tuesday for them. Again, we'll see. I don't think they really want to push their luck with the UN,

KaseyKo1:  Just received a "interesting" tweet coming from Maliki. "Sadrist activist Salam al-Husseini violates the directives of its leader Muqtada al-Sadr and mobilizes for demonstrations." Might be interesting in what happens in Iraq today. I'm sure the UN is watching this development closely, IF there is substantiated truth to this info. Hmmm....

Doc:  Well folks yet again all talk zero action. Delay then another delay. I am sure the people are good hard working and desire a good life just as we go. The leaders are corrupt and intent on keeping the people good people in a regressive third world society. Will this ever change? Time will tell

RVAlready:  I hope the CBI RVs the currency immediately after Tuesday.

Annie68:  it would be wonderful to get this done this month!!!!

KeithN:  Time is telling and by Tuesday Time will tell all. Question remains is it our time?

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Tishwash:  Deputy Sovereign: Defense and finance are still the subject of deep discussions and will not be resolved this week

The representative of the Sovereignty Alliance, Abdul Karim Abtan, confirmed, on Saturday, that the discussions and understandings between the Alliances of Resolve and Sovereignty regarding the ministries of finance and defense are still continuing, stressing that resolving them is not possible during the current week. 

Abtan said in a statement to "Al-Maalouma", that "dialogues are still going on within the parties of the political components regarding ministries, and they are not limited to one component," denying "the existence of any kind of buying and selling ministries, contrary to what is circulated by some malicious media." 

Abtan added, "Discussions regarding the ministries of finance and defense within the Sunni component have not been resolved due to different views on how to calculate the points," noting that "our obtaining the presidency of the parliament called on some Sunni forces, foremost of which is the Alliance of Resolve, to try to exclude us from them (the ministries of finance and defense)." 

Regarding the duration of the discussions between the Sunni forces, Abtan suggested that “the nomination of the two ministries’ candidates will be decided within the next week at the most.” link

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Tishwash:  For the fifth month in a row, the contribution of oil to the Iraqi budget reached 96%

The Ministry of Finance issued the Iraqi state accounts for the month of August for the fiscal year 2022, which indicated that the contribution of oil to the federal budget is still 96% for the fifth month in a row, while an economic expert considered that this percentage is alarming.

Shafak News Agency followed the data and tables issued by the Ministry of Finance in the current month of October for the accounts of last August, which indicated that oil is still the main resource for Iraq's general budget, reaching 96%, which is the same percentage for the past five months, which indicates that the rentier economy is The basis for Iraq's general budget.

Through the financial tables, it is shown that the total oil revenues for the month of August amounted to 103 trillion and 669 billion and 500 million and 471 thousand and 848 dinars, which represents 96% of the total revenues, while the total non-oil revenues amounted to 4 trillion and 504 billion and 798 million and 551 thousand and 744 dinars, which is It constitutes 4% of the total revenues, while the total oil and non-oil revenues amounted to 108 trillion and 174 billion and 299 million and 23 thousand and 592 dinars, which is 92.86% higher than the same period last year 2021, which amounted to 56 trillion and 465 billion and 687 million dinars as a result of high oil prices .

According to the finance report, the revenues for the month of August came from current revenues, which amounted to 108 trillion and 126 billion and 295 million and 878 thousand and 446 dinars, and also came from capital revenues, which amounted to 48 billion and 3 million and 145 thousand and 147 dinars.

for his part; Financial expert Hilal Al-Tahan confirmed in an interview with Shafaq News that "the high percentage of the oil sector's contribution to the budget is alarming, which means that the state has not tried or is trying to diversify its economy, which is still rentier, which will make international oil prices control Iraq's general budget."

He added that "all the major oil countries in the Organization of Petroleum Exporting Countries tended to diversify their economy, taking advantage of the large revenues that came through the oil sector, realizing the importance of this after the countries of the world sought to reduce dependence on fossil fuels and move towards clean energy."  

He pointed out that "striving to get rid of the rentier economy requires a serious stand by decision-makers in the state through several important factors, which are the development of industry and agriculture, activating the private sector, attracting foreign investments, reducing imports, and activating laws that are in the interest of protecting the product and supporting local production." 

The Prime Minister's Adviser for Financial Affairs, Mazhar Muhammad Salih, had confirmed in March 2021 in an interview with Shafaq News Agency that the reasons for the economy remaining rentier are due to wars and the imposition of sieges during the past era and the political conflicts we are witnessing today, which led to the dispersal of economic resources.

And the Iraqi state’s continuation of relying on oil as the only source of the general budget makes Iraq at risk of global crises that occur from time to time due to the impact of oil on it, which makes Iraq turn every time to cover the deficit through borrowing from abroad or inside, which thus indicates the inability to manage Effectively state funds, and the inability to find alternative financing solutions. link

Mot: .. its a Marital Thingy!! ~~~ LOL ....

Mot:  . Yet Another ""Savings Tip"" - from Mot of Course! ~~~~

Iraqi News Highlights Saturday Evening 10-22-22

Iraqi News Highlights Saturday Evening 10-22-22

Full and dangerous details.. In this "easy" way, the $2.5 billion was stolen in Iraq - Urgent

1,006 Economie 10/21/2022 20:02   Baghdad today - Baghdad

Economist Mustafa Akram Hantoush revealed the full story of the theft of the $2.5 billion, which turned out to be “supported” by law, due to the backwardness of laws,  especially that the law dealing with the issue of refunding tax deposits dates back 40 years and contains a large loophole that facilitated the theft process.

Hantoush said, in televised statements, which were followed by (Baghdad Today), that "the parties that stole the amount of tax deposits reviewed Article 21 in Tax Law No. 113 in 1982, that is, the headquarters 40 years ago," noting that  "the nature of financial laws after 3 years, corruption can enable corruption." and become useless.”

He added that "this Article 21 is called rebate, and that the thieves reviewed this article before their operation, as the article states:

"The financial authority must return to the taxpayer what he had paid to it in tax more than the amount verified, provided that he submits an application for this within 5 years, starting from end of the fiscal year in which the increase was paid.

He explained that  "those responsible for the robbery noted that the opportunity is favorable to take the accumulated amounts in the trust account, as after 5 years, these amounts will be withdrawn and go to the state treasury."

Regarding the origin of this money, Hantoush explains,

“The importer, for example, opens a documentary credit of 10 million dollars, and

when his goods are incomplete or the amount of tax is only 7 million dollars, 7 million dollars are taken from this documentary credit as a tax to the state treasury, and this remains The 3 million dollars are in the trust account until the importer completes bringing his goods, so

the state takes this remaining money, or

if the goods do not come, the importer is required to recover his remaining tax money from the trust account.

He added,  "When they noticed the accumulation of these sums and there is no clear law to deal with them and how to dispose of them, which are supposed to be state funds and were about to be transferred to the treasury,

they decided to withdraw them,

but with a small treatment and through the House of Representatives and the Council of Ministers, where they were convinced that "this money For traders and importers who want to

recover it without obstacles, and it was long overdue for them, and to facilitate the matter,

the request was that it be excluded from auditing by the Financial Supervision Bureau, because

it will delay the recovery of the money of the claimants, and

in the interest of “humanitarian” and facilitating the matter of investment companies,

the Financial Supervision Bureau was excluded, and

the matter became in the hands of the Commission Taxes that were easily able to issue bonds of exchange for these companies."     https://baghdadtoday.news/ar/news/203911/تفاصيل-كاملة-وخطيرة-بهذه

Aware / A Member Of The Finance Committee Reveals The Beginning Of The Story Of Theft Of Trillions Of Taxes (document)

October 20, 2022 7 Views  conscious / Baghdad / A member of the Parliamentary Finance Committee, Mustafa Sanad, revealed the beginning of the story of the theft of trillions of tax authority funds.

Sanad said in a post on Facebook and attached to a document he received (Iraqi Media News Agency / INA)

“From here the story began, when the tax, through its former manager, harassed twenty oil companies that had amounts deposited in the tax as tax insurances for the purpose of transferring the amount to the treasury.

Three sides fought over the money at the same time:

1- The state’s treasury (in a fundamental way) earned one trillion dinars

2- Foreign oil companies (tax evasion and their pressure on the Minister of Oil and the Prime Minister) and an attempt to recover the deposits

3- The organized crime network, which won the battle and stole about four trillion dinars

https://al-iraqinews.com/archives/304110

Iraq's export of its oil in the form of derivatives instead of crude... It will bring in 60% more revenue to achieve $15 billion per month

Fri, 21 October 2022 11:54 AM   Follow-up / National News Center

Government talks and advice from economists are increasing on the

need to diversify the Iraqi economy and the

extent of the danger of continuing dependence on oil,

amid expectations that the demand for oil will change by 2030, that is, after only 8 years.

Despite this complete conviction, nothing has happened by successive governments to act according to this conviction,

while Iraq continues to approach the danger that all data confirm the inevitability of its occurrence, no matter how long it takes, while specialists describe that “filling the needs of the current generation will be on Calculating the development and needs of future generations,” a frightening sentence.

Perhaps one of the opportunities for economic transformation and to remedy the danger of complete dependence on oil is for Iraq to export, in addition to crude oil, gasoline and other fuels.

Government advisor Mazhar Muhammad Salih says:

“Currently we are importing gasoline to achieve self-sufficiency.

We must create an infrastructure that achieves sufficiency and exports the surplus.

In this context, we must go to develop the petrochemical and refining sector, and

the benefit here will be great, as refining one barrel of crude oil.

It gives us derivatives more than 5-7 times its value, and

the energy sector is responsible for 50% of GDP, 93% of financial resources and 98% of foreign flows, and

therefore the oil sector must be restructured.

A barrel of crude oil, which amounts to 159 liters, can produce

73 liters of gasoline, and

38 liters of kerosene, in addition to

aviation fuel in an amount of 14.82 liters, as well as

liquefied petroleum gases in an amount of 6.6 liters, in addition to

heavy fuel oil in a quantity of 6.4 liters.  And

other products with an amount of 25.8 liters.

And  if we calculate at today’s prices, the average price of a liter of gasoline and kerosene globally is more than 1 dollar per liter, and jet fuel is 0.7 dollars per liter, and if we calculate the rest of the remaining less valuable products at an average price of 0.5 dollars per liter,

this means that one barrel will bring in revenues of more From 110 dollars from selling tars of gasoline and kerosene resulting from one barrel, more than 10 dollars from selling jet fuel, and 20 dollars from selling other derivatives, so that

the return from refining and selling one barrel of oil is more than 140 dollars per barrel,

while the price of a barrel Oil is currently $90 a barrel,

which means that revenues will be 60% greater than the revenue from exporting a barrel of oil.  In other words,

if Iraq refines all the barrels of oil that it exports at the present time, amounting to 3.3 million barrels per day, and

exports them in the form of derivatives instead of exporting them as crude oil,

Iraq's daily revenues will reach 495 million dollars, or about 15 billion dollars per month,

but when exported as crude oil. Its revenue will be approximately $297 million per day, or less than $9 billion per month.    https://nnciraq.com/158795/

Parliamentary Move To Toughen Penalties Against Theft Of Public Money

Politics Yesterday, 21:26  Baghdad - I know    Today, Friday, the Parliamentary Legal Committee revealed a move to find an amendment to the Iraqi Penal Code that supports the anti-corruption process and holds public money thieves accountable with strict articles,

noting that it will seek to include in it paragraphs preventing dual nationals from taking high positions in the state.

A member of the committee, Representative Aref Al-Hamami, told Al-Iraqiya News, and the Iraqi News Agency (INA) followed it, that

"the effective Iraqi penal code was initiated decades ago and does not rise to the level of the current challenges, especially the anti-corruption file, and

it should be amended to deter the theft of public money with strict materials."

He added,  "The committee is working to find a new legal amendment in the Iraqi Penal Code that provides clear and explicit articles that will hold the corrupt and the thieves of the world's money accountable to curb this phenomenon. to flee the country.

He added,  "The formulations of the amendment require holding meetings and hosting representatives from the Ministry of Justice, the Supreme Judicial Council and jurists, and

we will work to include in it very severe penalties that will hold the corrupt accountable and stop wasting public money."  He pointed out that

"the anti-corruption file also requires the expansion of the use of technological development in the administrative systems within the state and its circulation,

especially electronic governance to deter corruption and monitor money exchange operations."

https://www.ina.iq/168364--.html

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

https://www.bondladyscorner.com/

Iraqi News Highlights Saturday Afternoon 10-22-22

Iraqi News Highlights Saturday Afternoon 10-22-22

Tlm724 Administrator Bondlady’s Corner

The Foreign Currency Sale Window Needs These Measures

Economist to / Nina /: Saturday 22 October 2022 10:31 | Economic Number of readings: 229

Baghdad / NINA / - The expert in economic affairs, Safwan Qusay, confirmed that the process of the currency sale window includes several measures that the central bank must take.

Qusai said in a statement to the National Iraqi News Agency / NINA / that "the process of stabilizing the currency sale window requires the central bank to oblige Iraqi public and private banks to completely transform the transfer system through documentary credits and stop transfers, with the need to deal with major correspondent banks and coordinate with the Office of Financial Supervision To open a branch outside Iraq to track the movement of funds and the legality of the documents attached to the transfer operations, and follow up the physical movement of goods until they reach the final consumer with the establishment of a single database linking the Department of Companies Registrar, the Ministry of Planning, the currency sale window, Iraqi banks, correspondent banks, all the way to customs, taxes and even the regular local marketing centers. .

He pointed out: "The application of such measures will increase the ability of the Iraqi economy to develop, attract investors, stop fake transfers, and reduce the ability of the corrupt to launder money through the currency sale window."

The economic expert stressed the need to review the licenses granted to some private banks and money transfer companies (exchanges) and withdraw those to whom the required banking business does not apply. /    https://ninanews.com/Website/News/Details?key=1009124

As Discussions Of The Division Of Positions Continue, Al-Fateh Sets Two Dates To Pass The Sudanese Government

Political | 04:05 - 10/22/2022   Special - Mawazine News, the representative of the Al-Fateh Alliance, Salem Al-Anbaki, confirmed, on Saturday, that there was no delay in the election session of the government booth.

Al-Anbaki said in an exclusive interview with Mawazine News Agency, "The session for voting to elect the ministerial cabinet for the government of Muhammad Shiaa Al-Sudani will be held either next Monday or Tuesday, and there is no justification or justification for postponing it."

He stressed, "There are rights for the mass bases that participated in the elections, which constitutes a motive for not postponing the session."

Al-Anbaki continued, "Political discussions are continuing between all parties until solutions are reached to the points of misunderstanding and disagreement, referring to the principle of political understanding regarding the division of the cabinet and the weights of the blocs that will be enough to solve any defect, especially in this dangerous stage in which the country is living."

https://www.mawazin.net/Details.aspx?jimare=208952

Learn About The Central Bank Of Iraq Auction Sales In A Week

Economie| 09:03 - 10/22/2022   Baghdad - Mawazine News, the Central Bank of Iraq's auction sales of hard currency "dollars" during the past week amounted to more than one billion and 200 million dollars.

And the Central Bank sold during the past week for the five days in which the auction was opened, and from Sunday to Thursday, the amount of 1 billion and 214 million and 188 thousand and 628 dollars, at a daily rate of 242 million and 837 thousand and 725 dollars, up slightly by 3.03% from the previous week.

The highest dollar sales during the last week were on Monday, with sales amounting to 262 million and 428 thousand and 587 dollars, while the lowest sales were on Thursday, when sales amounted to 227 million and 608 thousand and 500 dollars.

Most of these sales went in the form of remittances abroad to finance foreign trade, while the selling price of the dollar transferred to bank accounts abroad, in addition to the cash sale, amounted to 1460 dinars per dollar.   https://www.mawazin.net/Details.aspx?jimare=208920

Iraq Confirms Its Commitment To The OPEC Plus Agreement And Plans To Reduce Domestic Crude Consumption

Energy   Economy News – Baghdad Iraq's representative to OPEC, Muhammad Saadoun Mohsen, explained that the Ministry of Oil and the Iraqi state oil marketing company "SOMO" are committed to the latest OPEC Plus agreement.

Mohsen told Argos Media, that Iraq plans to reduce domestic crude consumption instead of exports to comply with its low share of production; Which goes some way to responding to Prime Minister-designate Muhammad Shia'a al-Sudani's "concerns" regarding affordability.

It is worth noting that the members of OPEC + agreed, on the fifth of this month, to reduce production by two million barrels per day in next November, according to the group’s statement.

63 . views   Added 10/22/22 - 5:15 PM   Update 10/22/22 - 7:12 PM

https://economy-news.net/content.php?id=30342

US Consul Noah: America's Relations With The Kurdistan Region Are Strong And Will Remain Strong

The US Consul General in the Kurdistan Region, Ervin Hicks, stressed the need to expand and deepen relations between the region and the United States of America.

In his first exclusive press interview with the NOAA Media Foundation, Hicks said that America is working to develop human rights and democracy in the Kurdistan Region and develop its relations with the region in the field of work and trade, in addition to working to strengthen the American Chamber of Commerce to provide job opportunities.

He added, "My goal in being here is to deepen and expand the historical bilateral relations between the Kurdistan Region and America, and the consulate in the region will become one of the largest American consulates in the world, where we invest about 800 million dollars."

He pointed out that there is a decline in human rights issues, behavior with journalists and freedom of peaceful assembly in the Kurdistan Region, describing the relationship between the two sides as going beyond partnership, but rather becoming a friendship relationship between them.

In his interview with NOAA, the US Consul General in the Kurdistan Region, Ervin Hicks, said: "Our relations with the Kurdistan Region are strong and will remain strong, and we have common values ​​in the field of life, freedom and prosperity, as well as we have common victims to end the dictatorship as well as stop the extremist theories of ISIS. But through blood as well, the relationship between the people of the Kurdistan Region with America in particular will remain strong."

https://www.radionawa.com/all-detail.aspx?jimare=31786

Iraq Confirms Its Commitment To The OPEC Plus Agreement And Plans To Reduce Domestic Crude Consumption

Energy   Economy News – Baghdad   Iraq's representative to OPEC, Muhammad Saadoun Mohsen, explained that the Ministry of Oil and the Iraqi state oil marketing company "SOMO" are committed to the latest OPEC Plus agreement.

Mohsen told Argos Media, that Iraq plans to reduce domestic crude consumption instead of exports to comply with its low share of production; Which goes some way to responding to Prime Minister-designate Muhammad Shia'a al-Sudani's "concerns" regarding affordability.

It is worth noting that the members of OPEC + agreed, on the fifth of this month, to reduce production by two million barrels per day in next November, according to the group’s statement.

63 . views   Added 10/22/22 - 5:15 PM   Update 10/22/22 - 7:12 PM

https://economy-news.net/content.php?id=30342

Japan: Iraq Is A Strong Country Capable Of Encouraging Investment

Money and business   Economy News-Baghdad   On Saturday, the Japanese Foreign Ministry called on all political parties to cooperate with Minister-designate Muhammad Shia of Sudan in forming a new government that works to address challenges, while noting that Iraq is a strong country capable of encouraging investment.

"The Japanese government encourages political stability in Iraq in order to continue cooperation between the two countries and develop trade and investment relations," said Kenisuke Nakaoka, Director General of the Middle East and Africa Department at the Japanese Foreign Ministry, in a statement reported by the official "Al-Sabah" newspaper.

The Japanese official added, "Next year, a ceremony will be held on the occasion of the twentieth anniversary of the Japanese presence in Al-Muthanna Governorate," expecting that the ceremony will witness officials from both countries.

He stressed that "Iraq is a strong country capable of encouraging investment, diversifying sources of income and the return of non-governmental industries in order to engage many unemployed youth, especially since Iraq has entered a new stage in the political and economic fields."

Nakaoka pointed out that "there are many projects that have been implemented, and some of them are continuing, by the Japanese companies (Jayaka) and (Jetro), and this work will continue, the provision of loans and soft grants, and the acceleration of the electricity process that revives the economy. and energy.”   Views 122   Added 10/22/2022 - 10:05 AM   Update 10/22/22 - 7:04 PM

https://economy-news.net/content.php?id=30333

The Investment Authority Clarifies The Fact That Al-Najjar Resigned

Money and business  Economy News – Baghdad On Saturday, the National Investment Commission denied that its head, Suha Al-Najjar, had submitted her resignation and traveled outside Iraq.

The National Investment Commission said in a statement, "It denies the news circulated by a number of media sites about the submission of the Chairman of the National Investment Commission, Mr. Suha Al-Najjar, her resignation and her travels outside Iraq."

And she stressed that "Al-Najjar is continuing her work and is present in Iraq, and that these news are false, and the media must investigate accuracy and credibility in transmitting the information, and that it is in the process of taking legal measures against those who published the news."

69 . views   Added 10/22/2022 - 5:18 PM   Update 10/22/22 - 7:09 PM

https://economy-news.net/content.php?id=30343

Dollar Exchange Rates In Local Markets

Economie| 09:28 - 10/22/2022   Baghdad - Mawazine News, the dollar exchange rates decreased, today, Saturday, in the local markets.

And the selling prices of the dollar were 146.800 dinars per 100 dollars, while the purchase prices of the dollar were 146.700 dinars per 100 dollars.    https://www.mawazin.net/Details.aspx?jimare=208922

Oil Prices Are Rising Again

Saturday 22 October 2022 13:33 | Economic Number of readings: 220  Baghdad / NINA / - Oil prices rose again, after hopes of increasing Chinese demand and the weakness of the US dollar overshadowed concerns about a global economic slowdown and the impact of higher interest rates on fuel consumption.

Brent crude futures rose $1.12, or 1.2 percent, to settle at $93.50 a barrel.

US West Texas Intermediate crude ended trading Friday, up 54 cents, or 0.6 percent, to $85.05 a barrel. Both crudes fell earlier in the session by more than a dollar a barrel.

Brent crude rose 2 percent by the end of the week, while West Texas Intermediate crude fell by 0.7 percent.

Crude is gaining a boost from a looming European Union ban on Russian oil, as well as a two million barrel per day production cut by the OPEC+ cartel.

The swing of the US dollar, which usually moves inversely with oil prices, has led to oil price volatility.

And oil prices rose last Thursday after Bloomberg reported that Beijing was considering reducing the quarantine period for visitors from ten days to seven. There has been no official confirmation from Beijing yet. / End 8    https://ninanews.com/Website/News/Details?key=1009184

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

https://www.bondladyscorner.com/

"Tidbits From TNT" Saturday 10-22-2022

TNT:

CandyKisses:  Parliamentary move to toughen penalties against theft of public money

Friday, the Parliamentary Legal Committee revealed a move to find an amendment to the Iraqi Penal Code that supports the anti-corruption process and holds public money thieves accountable with strict articles, noting that it will seek to include in it paragraphs preventing dual nationals from taking high positions in the state.

A member of the committee, Representative Aref Al-Hamami, told the official channel, which was followed by (Al-Oula News), that "the effective Iraqi penal code was legislated decades ago and does not rise to the level of current challenges, especially the anti-corruption file, and it should be amended to deter the theft of public money with strict articles."

He added, "The committee is working to find a new legal amendment in the Iraqi Penal Code that provides clear and explicit articles that hold the corrupt and the thieves of the world's money accountable to reduce this phenomenon. to escape from the country.”

He continued, "The formulations of the amendment require holding meetings and hosting representatives from the Ministry of Justice, the Supreme Judicial Council and jurists, and we will work to include in it very severe penalties that will hold the corrupt accountable and stop wasting public money."

He pointed out that "the anti-corruption file also requires the expansion of the use of technological development in the administrative systems within the state and its circulation, especially e-governance to deter corruption and monitor money exchange operations."

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Tishwash:  Japan: Iraq is a strong country capable of encouraging investment

On Saturday, the Japanese Foreign Ministry called on all political parties to cooperate with Minister-designate Muhammad Shia of Sudan in forming a new government that works to address challenges, while noting that Iraq is a strong country capable of encouraging investment. 

"The Japanese government encourages political stability in Iraq in order to continue cooperation between the two countries and develop trade and investment relations," said Kenisuke Nakaoka, Director General of the Middle East and Africa Department at the Japanese Foreign Ministry, in a statement reported by the official "Al-Sabah" newspaper. 
The Japanese official added, "Next year, a ceremony will be held on the occasion of the twentieth anniversary of the Japanese presence in Al-Muthanna Governorate," expecting that the ceremony will witness officials from both countries.

He stressed that "Iraq is a strong country capable of encouraging investment, diversifying sources of income and the return of non-governmental industries in order to engage many unemployed youth, especially since Iraq has entered a new stage in the political and economic fields."

Nakaoka pointed out that "there are many projects that have been implemented, and some of them are continuing, by the Japanese companies (Jayaka) and (Jetro), and this work will continue, the provision of loans and soft grants, and the acceleration of the electricity process that revives the economy. and energy.   link

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CandyKisses:  New Jaguar Land Rover facility in Baghdad

Sardar Trading Agencies, the official distributor of Jaguar Land Rover in Iraq, has opened a new $12-million Jaguar Land Rover facility in Baghdad's Al Mansour district.

According to a report from Iraq Britain Business Council (IBBC), the facility is a one-stop shop built on 6,000m² of land with a total build area of around 17,000m² including multiple floors.

The showroom exhibits up to 18 cars, and the site includes a service centre and spare parts warehouse.

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CandyKisses:  The intensification of the conflict over 5 ministries delays the formation of the Sudanese government

The Wisdom Movement, led by Ammar al-Hakim, which is part of the coordination framework, revealed on Saturday the reason for delaying the formation of the new government, headed by Muhammad Shiaa al-Sudani.

The leader in the movement, Rahim Al-Aboudi, told Shafak News Agency, "The reason for delaying the formation of the new government, headed by Muhammad Shia Al-Sudani, is the existence of internal conflict and disagreement between the political blocs, and this includes all blocs and parties." He explained, "The conflict focuses on the sovereign ministries such as (the interior, defense, foreign affairs, finance, oil," noting that "the dispute over these ministerial portfolios still exists."

The leader of the Al-Hikma Movement stressed, "The dialogues and negotiations will continue in order to hold a session of the Iraqi parliament this week to give confidence to Muhammad Shia Al-Sudani and his government."

The House of Representatives intends to hold a special session to pass the ministerial cabinet for the person in charge of forming the government, Muhammad Shia Al-Sudani, in the middle of next week.

The comprehensive coordinating framework of the Shiite forces, with the exception of the Sadrist movement, announced, yesterday evening, Thursday, the mandate of the prime minister, Muhammad Shiaa Al-Sudani, to choose candidates to fill the ministries according to his criteria and to propose alternative candidates, while stressing the exclusion of the ministries of defense and interior from political quotas.

Shafak News Agency has learned that there are differences over some ministerial portfolios, as well as pressure exerted on Al-Sudani in this regard, which led to the exclusion of the inclusion of the voting file on the cabinet in a session scheduled to be held next Saturday.

Mot:  ~~~~~~ Have a Very ~~~~

Mot .... Siiiggghhhhhhh - that Special Camping Friend! ~~

Early Saturday Iraq Parliament News Highlights 10-22-22

Early Saturday Iraq Parliament News Highlights 10-22-22

Sudani And Al-Azm At The Same Table To Discuss The Mechanisms Of Forming The Government

Policy  2022-10-22 | 04:04   Source:  Alsumaria news    918 views   Alsumaria News – The Prime Minister-designate, Muhammad Shiaa Al-Sudani, discussed, today, Saturday, with the head of the Al-Azm Alliance, Muthanna Al-Samarrai, the mechanisms for forming the next government.

The media office of the Alliance of Resolve said in a statement received by Alsumaria News, "The Alliance of Resolve received at its headquarters in Baghdad, the Prime Minister-designate, Muhammad Shia al-Sudani, in the presence of deputies and a number of leaders of the coalition, to discuss developments in the political scene and ways of cooperation in order to choose the cabinet in accordance with mechanisms and controls that would produce A strong capable government.

According to the statement, the head of the coalition, Muthanna Abdul Samad al-Samarrai, stressed "the importance of observing the electoral benefits of all political parties to bear the responsibility of supporting the formation of the government," noting that "the Alliance of Resolve will seriously contribute to the efforts to form the government in a way that is in the interest of the Iraqi people, who waited a long time." .

Related Articles

Al-Sudani promises to present the cabinet line-up as soon as possible

13:12 | 2022-10-13

Al-Azm and Al-Mandalawi stress the importance of forming the government according to controls and mechanisms

The state administration sets the date for voting on the government with all its members

The date of the voting session on the program of the Prime Minister-designate and granting confidence to his government is still undetermined, but observers indicate that Al-Sudani has completed naming members of his government, and that this week will witness a parliament session dedicated to this purpose.

On October 13, the parliament elected Abdel Latif Rashid as President of the Republic, after receiving the majority of votes in the second round of the voting process. Immediately after winning the presidential position, Rashid Al-Sudani delivered a letter instructing him to form a new government within 30 days, as stipulated in the country's constitution.   LINK

Iraq: Steps To Accelerate The Formation Of The Government...The Birth Of An Opposition Parliamentary Front

Safa Al Kubaisi   October 21 2022   Sources rule out holding a confidence-giving session for the Sudanese government during the next two days (Associated Press)

In a move that was considered a new attempt to speed up the task of the Iraqi Prime Minister in charge of presenting his government to Parliament in the coming days, the " Coordination Framework " coalition , which includes the political forces and blocs close to Iran in Iraq, said that it authorized the Sudanese to choose the ministers of his government, which is the share of his The coalition, while Al-Sudani issued a statement this morning, confirming a political agreement that requires the political blocs to present it with candidates to fill the ministries, provided that he has the right to reject or accept them.

As of this morning, the Iraqi parliament has not issued a statement indicating that a session will be held tomorrow, Saturday, but sources in Parliament in Baghdad, in separate conversations with Al-Araby Al-Jadeed, ruled out holding a session of granting confidence to the Sudanese government during the next two days.

One of them, preferring not to be identified, said in a phone call with "The New Arab", from Baghdad, that "there are intersections and discrepancies within the same bloc, and from various political forces, and the ministerial cabinet has not yet been completed," stressing that if Al-Sudani wants to enter Parliament during this week, it is not likely with a full cabinet, and he may present his government with vacant ministries.

The Iraqi constitution, in force in the country since 2005, allows the prime minister-designate to present his cabinet with an incomplete one, provided that the shortage does not exceed half the number of his government’s ministries, provided that the remaining part is completed, and through another supplementary voting session on the rest of the ministries at his request to Parliament.

Late Thursday night, the leaders of the "coordinating framework" to which Al-Sudani belongs held a meeting, during which they discussed the formation of the government and overcoming the obstacles facing the prime minister-designate. In a statement, the coalition confirmed that "Al-Sudani was authorized to choose the ministries that relate to the weight of the electoral coordination framework, after the political forces submitted lists of their number and their representatives with live signatures and candidates and according to the criteria of the Prime Minister-designate, on a range of ministries," noting that "he authorized Al-Sudani to choose between candidates or Suggesting new ones.

He added, "It was also authorized to rotate ministries between components or within the component, and to exclude the ministries of interior and defense from quotas , and to nominate civilian or military personalities to them, in order to ensure the achievement of an effective service government in line with the ministerial program."

On the other hand, Al-Sudani issued a brief statement in which he affirmed that “the agreement between the political blocs that make up the framework includes giving the opportunity for each bloc to present its candidates to all ministries.” The statement added: “The matter of selecting the candidates is left to the person of the designated prime minister, based on competence, integrity and ability to manage the ministry.” , according to the electoral weights of each bloc," according to what was reported by the Iraqi News Agency (INA) this Friday morning.

Iraq: Steps to Accelerate the Formation of the Government...The Birth of an Opposition Parliamentary 454458720

Arabic reports  Iraq: Pressure on the Sudanese may delay the vote on his government

15 independent deputies form an opposition front and boycott the voting session

Meanwhile, independent MP Hadi Al-Salami announced the formation of 15 independent MPs opposing the Sudanese government, saying in a press statement, "We, the independent representatives, in addition to the (Eshraqa Kanon) bloc, decided to boycott the government formation session and resort to the political opposition."

He continued, "We have no knowledge of what is happening about the participation of some independent representatives in the formation of the cabinet, and we will have a special bloc within the House of Representatives, under the name (parliamentary opposition) to fight corruption and eliminate quotas in state institutions."

In this context, the researcher in Iraqi political affairs, Mujahid Al-Taei, seemed pessimistic about the next stage, and said in his tweet: "Returning to the approach of 2018-2019 will be destructive, as this approach has sparked widespread popular uprisings against the government run by militias. Al-Sudani may be friendly. And capable, but so was (Adel) Abdul-Mahdi when he came to power, before handing over matters to Iran’s proxies without hesitation.

The Prime Minister-designate is making accelerated efforts to form his government as soon as possible, and he must present the formation within 30 days from the date of his assignment, which means that the date of the last session to vote on the new government in Parliament will be on November 13 next.

LINK

Leaders Of The Al-Azm Alliance Receive The Sudanese To Discuss The Mechanisms Of Forming The Government

Political | 11:50 - 22/10/2022   Baghdad - Mawazine News, today, Saturday, the Alliance of Azm, the Prime Minister-designate, Muhammad Shiaa Al-Sudani, to discuss mechanisms for forming the next government.

In a statement received by Mawazine News, the coalition's media office stated that "the coalition received today, at its headquarters in Baghdad, Prime Minister-designate Muhammad Shia Al-Sudani, in the presence of deputies and a number of coalition leaders, to discuss developments in the political scene and ways of cooperation in order to choose the cabinet according to mechanisms". and controls that will produce a strong capable government.”

The head of the coalition, Muthanna Abdul Samad al-Samarrai, stressed "the importance of observing the electoral benefits of all political parties to bear the responsibility of supporting the formation of the government," noting that "the Alliance of Resolve will contribute seriously to the efforts to form the government in a way that is in the interest of the Iraqi people, who have waited a long time." Ended 29 / m99    https://www.mawazin.net/Details.aspx?jimare=208935

Parliamentary Law Reveals A Move To Amend The Iraqi Penal Code

Political | 09:33 - 10/21/2022  Baghdad - Mawazine News   Today, Friday, the Parliamentary Legal Committee revealed a move to find an amendment to the Iraqi Penal Code that supports the anti-corruption process and holds public money thieves accountable with strict articles, noting that it will seek to include in it paragraphs preventing dual nationals from taking high positions in the state.

A member of the committee, Representative Aref Al-Hamami, said that "the effective Iraqi penal code was enacted decades ago and does not rise to the level of the current challenges, especially the anti-corruption file, and it should be amended to deter the theft of public money with strict articles."

He added, "The committee is working to find a new legal amendment in the Iraqi Penal Code that provides clear and explicit articles that will hold the corrupt and the thieves of the world's money accountable to curb this phenomenon. to flee the country.

He added, "The formulations of the amendment require holding meetings and hosting representatives from the Ministry of Justice, the Supreme Judicial Council and jurists, and we will work to include in it very severe penalties that will hold the corrupt accountable and stop wasting public money."

He pointed out that "the anti-corruption file also requires the expansion of the use of technological development in the administrative systems within the state and its circulation, especially electronic governance to deter corruption and monitor money exchange operations."

https://www.mawazin.net/Details.aspx?jimare=208899

The Intensification Of The Conflict Over 5 Ministries Delays The Formation Of The Sudanese Government

Shafaq News / The Wisdom Movement, led by Ammar al-Hakim, which is part of the coordination framework, revealed on Saturday the reason for delaying the formation of the new government, headed by Muhammad Shiaa al-Sudani.

The leader in the movement, Rahim Al-Aboudi, told Shafak News Agency, "The reason for delaying the formation of the new government, headed by Muhammad Shia Al-Sudani, is the existence of internal conflict and disagreement between the political blocs, and this includes all blocs and parties."

He explained, "The conflict focuses on the sovereign ministries such as (the interior, defense, foreign affairs, finance, oil," noting that "the dispute over these ministerial portfolios still exists."

The leader of the Al-Hikma Movement stressed, "The dialogues and negotiations will continue in order to hold a session of the Iraqi parliament this week to give confidence to Muhammad Shia Al-Sudani and his government."

The House of Representatives intends to hold a special session to pass the ministerial cabinet for the person in charge of forming the government, Muhammad Shia Al-Sudani, in the middle of next week.

The comprehensive coordinating framework of the Shiite forces, with the exception of the Sadrist movement, announced, yesterday evening, Thursday, the authorization of the prime minister, Muhammad Shiaa Al-Sudani, to choose candidates to fill the ministries according to his criteria and to propose alternative candidates, while stressing the exclusion of the ministries of defense and interior from political quotas.

Shafak News Agency has learned that there are differences over some ministerial portfolios, as well as pressure exerted on Al-Sudani in this regard, which led to the exclusion of the inclusion of the voting file on the cabinet in a session scheduled to be held next Saturday.    LINK

A Leader In The National Union Calls On The Next Federal Government To Stop Arabization Operations In Kirkuk And Khanaqin

Shafaq News/ Qadir Hama Jan, a member of the working body in the Political Bureau of the Patriotic Union of Kurdistan, called on Friday, the next federal government in Iraq to stop Arabization operations in the disputed areas between Erbil and Baghdad.

Hama Jan said in a statement to reporters while attending a funeral ceremony for a leader in his party in Sulaymaniyah, that the Kurds should have representation in the new Iraqi government within the framework of the constitutional rights of the people of Kurdistan.

He added, "We ask our representatives in Baghdad and the new federal government to stop Arabization operations in Kirkuk, Khanaqin and the rest of the disputed areas," stressing that Arabization operations in those areas "contradict the principles of human rights and the permanent constitution, and the demands and rights of our people, and in conflict with democracy in Iraq."   LINK

A New Date For The Session Of Granting Confidence To The Sudanese Government, And Disagreements Over Several Ministries                         

Erbil (Kurdistan 24) - The Wisdom Movement led by Ammar al-Hakim suggested that the Iraqi parliament would hold a voting session on the government of Prime Minister-designate, Muhammad Shiaa al-Sudani, next Tuesday.

This comes after the postponement of Saturday's session, which the "state coalition" said earlier, was determined to invite parliament to vote on the new government on Saturday, October 22.

Local media, citing what they described as private sources, stated that the continuing dispute between the Iraqi political forces (Sunni, Shiite, and Kurdish) was the reason for postponing the confidence-granting session.

The same sources confirmed that the dispute centers around the ministries (oil, interior, and defense), as well as about the shares of political parties and blocs.

She added that it is likely that the formation of the Prime Minister-designate will proceed in Parliament, but not completely, and the vote on some ministries that have not yet been decided will be postponed.

Meanwhile, activists reported on social media and news groups what they said was the list of Sunni blocs' candidates for the Ministry of Defense.

The list, which Kurdistan 24 followed, included Lieutenant-General Hamad Al-Namis, Dr. Khaled Al-Obaidi, and Lieutenant-General Nasser Al-Ghannam.

Al-Sudani faces clear challenges in announcing the formation of his government, in the wake of the emergence of differences between the political parties, over the share of each of them in the next government.

The designated prime minister has 30 days to present his government to parliament, and in the event of his failure, the Iraqi president will have to delegate the task to another person within the largest parliamentary bloc.   LINK

Al-Sudani’s Cabin Stumbles On The Stone Of Political Differences.. Towards A New Postponement Of The Scrolling Session    Article at link   https://baghdadtoday.news/ar/news/203950/A

KTFA Members "News and Views" Friday 10-21-2022

KTFA:

Samson:  President of the Federation of Iraqi Chambers of Commerce: We cooperate with Russia and have developed solutions to the issue of transportation and payments

21st October, 2022

On Thursday, October 20, the Russian-Iraqi Business Forum was held in the Russian capital, Moscow, with the participation of an Iraqi delegation and the presence of the head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi.

In addition to representatives of leading companies interested in importing food industries, timber, minerals, building materials and agricultural machinery, in Iraq, the meeting also included holding bilateral meetings between Russian and Iraqi businessmen. Al-Zuhairi spoke in an interview with "Sputnik" about ways to develop the industrial and trade sectors between the two countries.

What are the difficulties and obstacles facing the trade exchange between the two countries and ways to solve or avoid them?

Al-Zuhairi said: "I am visiting Russia for the fourth time, and my mission is to restore relations and work with the Russian side, because in Iraq we are very interested and know the capabilities of Russia and Russian industry. We were able to establish a business council during these years with the presence of a siege on Russia, and we in Iraq want to work with the Russians and link us with them." Old relations and the current approach of our economy, to deal with everyone without exception.”

  He continued, "Now we have an important issue that we are trying to finalize with the Russian side related to the issue of transportation because the distance is far and we have found a solution for it. 

 In addition to the issue of financial payments, we have in the group of participating businessmen businessmen in banks, and we held meetings with the Russian side in the banking sector for the purpose of Receipt of goods and payments to the Russian side. Russian goods are distinguished by their quality and cheap prices and are in demand in Iraq."

The cooperation between the two countries is greater in the oil sector. Do we see cooperation in the future in other fields such as heavy industries or pharmaceuticals, especially after the success of the “Sputnik V” vaccine?

Al-Zuhairi said: "Today we have a great desire to import Russian medicines and we are interested, but unfortunately the representative of the health sector is not present. I hope that there are Russian industries inside Iraq to complement the oil industry, such as equipment and others. The law is easy and simple in Iraq and Russian companies can build factories, and get a percentage profits, according to Iraqi law, are 10 percent. This delegation is diverse from all sectors."

One last word you would like to give to Russian businessmen?

Al-Zuhairi replied, "You are brave men. We have already been through this circumstance and the siege in Iraq for 13 years, and we have passed it.  LINK

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Sir:  IMO- Well this smells like BRICS + to me good people. I see visions of that Golden Dinar in the near future. Guess they are going to put all that gold they have been accumulating to use here to back the new Dinar.

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DCDriver:  I see a parallel between seating their government and the midterms IMO. Let’s hope the ball really starts rolling after that  

KandG:  I agree - haven't completely put the pieces of the puzzle together but the CBI being in DC meeting with the US Treasury this close certainly begs one to ask if there is a connection.  We know Trump stuffed a large piece of dinar into the US Treasury (I personally saw / heard him say to Laura Ingraham in an interview).  Timing of all this doesn't seem coincidental - IMO

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Samson:  Iraq invites Russian companies to explore oil in new areas

21st October, 2022

Director of the Technical Department of the Iraqi Ministry of Oil, Ali Ward Hammoud, said that Iraq is interested in partnering with Russian oil companies, and called on Russian companies to participate in new licensing rounds for unexplored oil patches.

Hammoud said today, Friday, that "in the near future, plans will be drawn up to develop these fields, and I mean here the Eridu and Al-Salman fields for the purpose of accelerated production and commercial production."

He continued, "There is great optimism through drilling wells and exploration that the oil columns in the wells and the stock are very large, which will provide Iraq with a large production capacity, by 200 thousand barrels per day from the Arido field, and the Salman field, which is operated by the Basneft Company, is now in the evaluation stage, but there is commercial evidence for this field." 

He added, "There are plans for Lukoil in the Arido field (10th block), and this field has excellent oil evidence, and the first production from this field will be in the year 2025." He pointed out that with regard to new projects, "there are new licensing rounds for unexplored oil patches. I guess that there will be shares for Russian companies in this matter."   LINK

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KandG:  Wow - everyone wants to do business with Iraq - a country with a toilet paper exchange rate that keeps them from doing "real" business internationally.  Stay away from the 1 or 2 negative articles you see - we have been flooded with articles showing multiple countries engaging with Iraq since their announcement of Pres / PM - with pressure and anticipation from the world stage - we are in good shape folks - IMO

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Samson:  An Iraqi businessman reveals a plan to bypass sanctions during imports from Russia

20th October, 2022

An Iraqi businessman revealed Thursday, the mechanism for importing Iraq from Russia and bypassing US sanctions, while noting that the Iraqi market depends on Russian grain by 50%, especially with regard to feed grains

And Russian media quoted the director of the Iraqi Company for Production and Marketing, Mahmoud Atshan Dakhil, as saying, which was followed by (Baghdad Today), that “his company, as an agricultural company specialized in supplying fodder and grain (grain for feed) to Iraq, aims through its participation in the (Made in Russia) forum to Expanding business with the Russian side and consolidating direct relations with Russian companies away from intermediaries,” noting that “this will contribute to increasing purchases from Russia

On the impact of the sanctions on commercial cooperation between Russia and Iraq, the Iraqi businessman said, “The sanctions are a big obstacle, but work is underway to organize remittances with Russia through third countries,” and pointed out that “his company ships grain from Russian ports overlooking the Black Sea, and then through Turkey

Today, the events and activities of the International Export Forum "Made in Russia" were launched in Moscow, which aims to introduce international companies to Russian products and their advantages

LINK

Samson:  Quotas impede opening corruption files.. Arresting the corrupt is a war decision

21st October, 2022

Ideas attribute the deteriorating economic situation in Iraq, the oil-rich country, to corruption, which drains its revenues.

The theft of $2.5 billion in tax revenues is not the first of its kind, but has been preceded by the looting of hundreds of billions of dollars since 2003.

The judicial authorities used to form investigative committees, but not a single dinar was returned to the state treasury.

In the opinion of the independent political researcher, Ali Al-Shammari, that the current environment and financial abundance are a reason for the success of any government, regardless of its shape or color, at least in the first six months... But soon corruption will gnaw at its joints to return to the zero point.

Corruption deals are mostly done through import and export deals, or by providing financial covers for fictitious projects, using forged invoices and checks, and transferring huge sums of money from official departments and banks to bank accounts outside Iraq.

And the corruption deal related to importing counterfeit “explosive detectors” from which Iraq imported about 6,000 pieces in 2007, remained ambiguous, after which it became clear that officials had concluded the deal with a British company, with an amount exceeding 400 million dollars.

The electricity sector represents one of the most prominent files that Iraq spent about 30 billion dollars to provide, according to the reports of the Iraqi Integrity Commission, while Iraqis still suffer from its absence, particularly in the summer.

An investigative report read by the obelisk states that organized crime, which in 11 months devoured $2.5 billion from the General Tax Authority, occurred when tens of thousands of Iraqis were demonstrating to demand reform, an end to corruption , and governments in a country where a quarter of the population lives below the poverty line.

The file of oil smuggling is a mystery and has cost Iraq about 150 billion dollars during the past five years only.

In 2013, sources revealed that the Iraqi Ministry of Education was involved in the process of changing the expiry date of shipments of “biscuits” intended for school students. Parliament and the government promised to open an investigation, but it was closed, even though the deal was about $69 million.

And the currency auction, provides enough space to smuggle the dollar abroad.

The economist, Daoud Hashem, believes that our loss is not theft of 2.5 billion dollars. It seems that we have been stealing continuously and in larger amounts over the past years, but rather our loss, the greatest regret and the great disappointment with the fall of parties involved in corruption, their roles were exposed.

We believed their professionalism and impartiality as the protector and the eye that never sleeps on guard Public money.  And the Iraqi Prime Minister, Haider al-Abadi, estimated in 2017, the cost of economic losses during the war against ISIS, at more than $100 billion.

And the file of “the sinking of Iraqi funds” may be the most strange, when the former Central Bank Governor Ali Al-Alaq spoke, during his hosting in the Iraqi parliament, in November 2018, about the damage of seven billion dinars, as a result of the exposure of the Rafidain Bank’s coffers to the leakage of rainwater.

Millions of dollars were lost, due to the seizure of state real estate.

Activist Ali Atwani monitors internal looting with an external alliance, the theft of 2.5 billion dollars, and transferring the largest part of it outside Iraq. This is a corruption operation that has an international dimension, and the international factor is involved in this crime.

While the designated Defense Minister, Muhammad Shia Al-Sudani, says that he will never hesitate to take real measures to curb corruption, Iraqis believe that the results are the lesson after the many statements about fighting corruption and arresting public money looters failed them.

The researcher, Adnan Abu Zeid, hints at the lack of political will in combating corruption, considering that quotas even in corruption files will prevent progress, stressing that corruption, like terrorism, needs a decisive decision, as it has armed arms that throw the corrupt in prisons. Adnan Abu Zeid said that arresting the corrupt is a decision of war.   LINK

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Samson:  "The theft of the century” .. a warning against a “routine” procedure that dissolves the case

21st October, 2022

Today, Friday, an economic expert warned against relying on committees formed from within ministries and parliamentary committees to investigate what has become known as "the theft of the century" from tax trust funds.

The formation of investigative committees is a recurring procedure by successive governments, until it has become a routine procedure in every incident through which it is intended to absorb people's anger and contain their energies, whether on the street or on social networking sites.

The economic researcher, Ahmed Eid, told Shafaq News Agency, "There are huge funds that were stolen before the eyes of the regulatory and judicial authorities, and the issue of returning them to the state treasury is very important, especially as we are talking about billions of dollars in funds, and that ignoring their return is a serious matter and systematic and organized waste managed by influential parties in the Iraqi state," stressing that "the return of these funds is the responsibility of the Iraqi judiciary."

Eid added, "In these circumstances, we should not rely on investigative committees formed from within ministries and parliamentary committees, because this will lead to a gradual dissolution of the issue, as it happens every time," noting that "Iraqi funds are unfortunately in unsafe hands, and their theft and waste are legitimized by Through laws and legislation on the basis of which money is allocated to the pockets of the corrupt.”

He continued, "Iraq today possesses huge sums of oil revenues, and to strengthen the Iraqi state funds, institutions must be cleaned of the corrupt, and the investment law must be activated in the interest of the country and provides full opportunities for achieving integration, in addition to tax and customs funds and support for private productive sectors."

On the day before yesterday, the Second Karkh Investigation Court, which is specialized in integrity issues, issued an order to summon a member of the Parliamentary Finance Committee from the previous session, for his involvement in the theft of tax trust funds, according to a statement of the Supreme Judicial Council received by Shafaq News Agency.

In turn, the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, said in a statement received by Shafaq News Agency, "We will not tolerate the largest theft in the history of Iraq, and the Parliament will take real and serious measures until the imprisonment of those involved in this theft in cooperation with the judiciary to protect public money."

The First Deputy called on the judiciary to take appropriate legal measures against all those accused of "stealing the century", to deter anyone who begged himself to tamper with the people's capabilities, and to impose the most severe penalties against those who are proven to be involved in this crime, regardless of their position, in order to preserve the money and bounties of Iraqis from the hands of the corrupt.

Earlier, the Parliamentary Integrity Committee announced that it would prepare a detailed report dealing with the theft of two and a half billion dollars from the amounts of tax trusts in the Rafidain Bank.

Abdel Wahed said during a press conference held by a member of the Parliamentary Integrity Committee Sarwa Abdel Wahed at the parliament building with the participation of a number of members of the committee and attended by Shafak News Agency correspondent, that the Integrity Committee stressed the need to diagnose all those involved in the theft

Adding that there was talk about the former head of the Finance Committee, who is Now the Prime Minister’s advisor, and the Prime Minister’s Office has a hand in the matter and sent a letter to the Tax Authority, and those, including the Tax Authority, Rafidain Bank and the Prime Minister’s Office, must be referred to the judiciary, prevented from traveling, investigated, and the accused arrested.  LINK

Iraqi News Highlights Friday Afternoon 10-21-22

Iraqi News Highlights Friday Afternoon 10-21-22

Tlm724 Administrator Bondlady’s Corner

Next Year's Budget .. The Priority Of The New Cabinet

The appearance of Muhammad Salih to / Nina /: Friday 21 October 2022 10:49 | General Number of readings: 252   Baghdad / NINA / - The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the next year's budget is the priority of the new cabinet.

He told the National Iraqi News Agency ( NINA ): It is certain that the Ministry of Finance, at the request of the Council of Ministers, presents a draft law for the federal general budget for the next year early, as soon as the new government is formed, and at least before the beginning of next year.

Saleh added: The Ministry of Finance possesses sufficient planning and discretionary tools in presenting a general budget for the fiscal year 2023, with both its spending components: operational and investment.

He explained: Parliament may not vote until after approving the final accounts of the budgets from 2013 to 2022./ End 3   https://ninanews.com/Website/News/Details?Key=1008962

Al-Sudani Receives The Head Of The National Investment Authority

Political | 02:29 - 10/21/2022   Baghdad - Mawazine News, the Prime Minister-designate, Muhammad Shiaa Al-Sudani, received the President of the National Investment Authority, Suha Al-Najjar.

The media office of the Prime Minister-designate stated, in a statement today, Friday, received by Mawazine News, that "the Prime Minister-designate, Muhammad Shiaa Al-Sudani, received yesterday the head of the National Investment Authority, Suha Al-Najjar."

The statement added that "Al-Sudani was briefed on the progress of investment in Iraq, and reviewed the most important obstacles facing his work, and the mechanisms adopted to confront the state of reluctance in some large projects."

The two parties discussed, "the laws and instructions in force in this field and ways to develop them, in order to improve the reality of the investment sector, which is one of the most important economic sectors in Iraq." Ended 29 / m 99   https://www.mawazin.net/Details.aspx?jimare=208860

Judge Zaidan: Establishing A Specialized Commercial Judiciary To Achieve The Economic Development Of The Country

The head of the Supreme Judicial Council, Judge Faiq Zeidan, confirmed today, Friday, the establishment of a specialized commercial judiciary to achieve the economic development of the country.

The council stated in a statement, that "a judicial delegation headed by the President of the Supreme Judicial Council, Judge Faiq Zaidan, participated in the Permanent International Forum of Commercial Courts held in the Australian capital, Sydney, in the presence of the heads of the judicial councils of the member states of the forum, in addition to the heads and judges of the commercial courts of the member states, while the delegation included Iraqi Judicial Judges of the Commercial Court in Rusafa, Taghreed Abdul Majeed and Ibrahim Kamel.

He added that "the president of the council gave a speech in which he mentioned that"Since its establishment, the judiciary has been part of the executive authority, and the judiciary has gained its independence to be an independent and separate authority from the rest of the authorities since 2003, and the Iraqi people believe in the principle of the rule of law and the separation of powers, that independence was enshrined in the Constitution of the Republic of Iraq for the year 2005,

and since History The Iraqi judiciary followed the independence approach amid great challenges that took large areas of international media coverage and after the judicial institution took important steps in building the organizational structure, and to keep pace with the rapid growth witnessed by the Iraqi economy, and the effective need to provide innovative judicial services characterized by integrity and transparency,

and as a result of the expansion of commercial dealings In Iraq, the economic openness and the activity of the movement of the foreign trade and investment market, and the issuance of Investment Law No. (13) for the year 2006, and for the purpose of encouraging and attracting foreign investors to work in Iraq within an environment suitable for commercial work in which the foreign party is assured of the existence of a specialized judiciary working to solve Disputes while conducting their business in Iraq,

all of which led to the establishment of a specialized commercial judiciary for the purpose of consolidating the principle of the subjectivity of commercial law, which contributes to achieving the economic development of the country.

And he continued, "Iraq has ratified the New York Convention for the Recognition and Implementation of Foreign Arbitration Decisions by Law No. 14 of 2021, and the agreement entered into force after Iraq deposited the third instrument of ratification for accession.

The agreement is considered effective and enforceable on February 9, 2021, where commercial courts witnessed Iraq to consider arbitration cases in accordance with the New York Convention.

He pointed out that "the Iraqi Supreme Judicial Council has not overlooked the important role played by women and the necessity of empowering them within the judicial institutions. Recent years have witnessed the entry of a number of women to the judiciary, but more than that, as the Supreme Judicial Council adopts the methodology of empowering women to assume judicial tasks and positions.

The task, including the Commercial Court, the Financial Services Court, and others, and it is appropriate to state that the President of the Commercial Court in Baghdad / Rusafa is a woman who participates with us in attending this forum, and at the same time she presides over the Financial Services Court.”

https://www.radionawa.com/all-detail.aspx?jimare=31770

An Iraqi Desire To Develop The Petrochemical Sectors With Russia

Friday 21 October 2022 11:46 | Economic Number of readings: 247   Baghdad / NINA / - Iraq has expressed its desire to develop the petrochemical sectors with Russia.

During his speech at the Russian-Iraqi Business Forum in Moscow, Ali Al-Ward, Director of the Technical Department of the Ministry of Oil, praised the Russian companies operating in the oil sector in Iraq, and their role in the trade balance, in terms of their production capacity, which supported exports and financial returns.

Al-Ward added: Russian companies have a lot of participation in the extraction sector, and this is very important and a very successful field. All the Russian companies that participated in this field were economically feasible for both parties, and the production capacities were support for the perpetrators and constituted an important element.

He explained: The Russian companies are heading to the extraction sector, and we have other sectors in the oil field, including the refining sector, because Iraq does not have a production capacity for all oil derivatives that suffices the country, and we are one of the countries that import some oil products, including gasoline, gas oil and kerosene. Therefore, liquidation is an important area for Russian companies.

A Russian-Iraqi Business Forum was held yesterday in the Russian capital, Moscow, with the participation of an Iraqi delegation and the presence of the head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, in addition to representatives of leading companies interested in importing food industries, timber, minerals, building materials and agricultural machinery in Iraq./End 3

https://ninanews.com/Website/News/Details?key=1008980

The Dollar Stabilizes In The Iraqi Market

Economie| 09:56 - 10/21/2022   Baghdad - Mawazine News   The dollar exchange rates witnessed, today, Friday, stability in the local markets.

And the selling prices of the dollar were 147,000 dinars per 100 dollars, while the purchase prices of the dollar were 146.900 dinars per 100 dollars.  https://www.mawazin.net/Details.aspx?jimare=208842

Global Oil Price Stability

Economie| 08:36 - 10/21/2022   Baghdad - Mawazine News   : Oil prices approached stability, today, Friday, as optimism about a possible increase in energy demand in China was dispelled, and markets were affected by fears of high inflation.

Brent crude futures fell 12 cents to trade at $92.26 a barrel by 02:19 GMT, and West Texas Intermediate crude futures were down four cents to $84.47 a barrel.

Brent crude is on the path of recording a weekly increase of 0.7%, while West Texas Intermediate crude is expected to decline 1.3% after extending contracts for the month of the nearest maturity.

https://www.mawazin.net/Details.aspx?jimare=208838

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

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"Tidbits From TNT" Friday 10-21-2022

TNT:

CandyKisses:  A competent expert details the economic feasibility of returning to the old dollar exchange rate

Baghdad - NAS  

Nabil al-Marsoumi, a professor of economics at Basra University, on Friday detailed the economic feasibility of returning to the old dollar exchange rate.    

Al-Marsumi said in a blog post, followed by "Nass", (October 21, 2022), "The increase in the exchange rate of the dollar against the dinar at the beginning of 2021 had a clear impact on the rise in the general level of prices, but it was not the only reason, but there were other reasons, including the Corona pandemic, which led to the closure of the global economy, damage to supply chains, high costs of shipping and transportation, and the state of global drought, which led to a significant increase in food prices as well as high energy prices in the world. The world and the Russo-Ukrainian war that led to a rise in the cost of production in most of the countries of the world that today suffer from inflation and the specter of economic stagnation."  

He added that "Therefore, the quest to reduce the price of the dollar against the dinar by 23% for the purpose of returning it to its previous level will lead to a small reduction in the level of internal prices in Iraq will not exceed 5%, because the rise in the price level was not only related to the change in the exchange rate but was related toa set of factors."  

He continued, "The flexibility of prices in the rise is great but limited in falling, and this is a fact known to all economists, so it is rare to find an Iraqi economist who supports the idea of returning to the old price due to its high costs and disastrous economic results without leading to a significant reduction in prices and improving the lives of the poor."  

"If politicians really care about the poor, they should find jobs for them, by diversifying the economy, developing it, improving services, developing the social protection system, and supporting the private sector instead of morphine with which they try to numb people by deluding them that their problem lies only in raising the exchange rate of the dollar and the solution is to return it to what it was," he said.  

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

CandyKisses:  After his exit from power, what will happen to Al-Kazemi's relationship with Al-Sadr?

Today, Thursday, political analyst Nadim Al-Jabri inquired about the fate of Prime Minister Mustafa Al-Kazemi's relationship after leaving the position with the leader of the Sadrist movement, Muqtada Al-Sadr.

Al-Jabri said in a televised statement, which was followed by (Baghdad Today), that "the leader of the Sadrist movement, Muqtada al-Sadr, was one of the most prominent supporters of Mustafa al-Kazemi's survival in power, as he is the most important ally of al-Sadr." And he added, "After the failure to recycle it, Prime Minister Mustafa Al-Kazemi, and as soon as the term of his rule expires, will be outside the alliance with the Sadrist movement."

The Sadrist movement had earlier called on the political forces to dissolve the parliament after the resignation of its deputies and to keep the caretaker government headed by Mustafa Al-Kazemi until early parliamentary elections are held.

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Tishwash:  Will the street return to protests with the formation of the government?

After a discontented popular protest against the consensus government, leaks talk about passing the booth of the commissioner, Muhammad al-Shia al-Sudani, early next week, amid three proposed scenarios, the most prominent of which is the return of protests.

fter a heated popular protest, it ended with an official withdrawal from insidethe green ZoneThe political scene still exists in the form of consensus, despite the protests, and the framework government is on its way to being formed amid an attention-grabbing chest silence.

The booth of the commissioner, Muhammad Shiaa al-Sudani, is just around the corner from the parliament, which is preparing to vote on it during a session that is said to be held early next week, but the most important question is what are the Sadrists’ reactions to the consensus government and October, which came out three years ago in rejection of a political system built on the basis of quotas and sharing the cake.

The answer to this question does not bear many interpretations. The upcoming scenarios are according to political expectations that are clear as the sun and will not be covered by a sieve, the first of which is an agreement to give the Sudanese government an opportunity to start its government program and then evaluate and judge its performance.

As for the second scenario, it talks about the possibility of successful mediation and bridge negotiations between the framework forces and the current by giving guarantees, most notably early elections after a year and a half or two years after the formation of the government. As for the third scenario, which may coincide with the commemoration of the third anniversary of the start of the October revolution on the twenty-fifth of this month. which may continue to share followers Sadrist Movement Rejection of the Sudanese booth.    link

Mot: To Fold or Not to Fold a Fitted Sheet - That is the Question! ~

Mot: .... Sum Folks Just Cant be Pleased I Guess! ~~~~

Friday AM Iraq Parliament News Highlights 10-21-22

Friday AM Iraq Parliament News Highlights 10-21-22

Will The Street Return To Protests With The Formation Of The Government?

Video  2022-10-21 | 04:06   Source:  Sumerian  255 views  After a resentful popular protest against the consensus government, leaks talk about passing the booth of the commissioner, Muhammad al-Shia al-Sudani, early next week, amid three proposed scenarios, the most prominent of which is the return of protests.

After a heated popular protest, it ended with an official withdrawal from inside  the green Zone  The political scene still exists in the form of consensus, despite the protests, and the framework government is on its way to being formed amid an attention-grabbing chest silence.

The booth of the commissioner, Muhammad Shiaa al-Sudani, is just around the corner from the Parliament, which is preparing to vote on it during a session that is said to be held early next week. But the most important question is what are the Sadrists’ reactions to the consensus government and October, which came out three years ago in rejection of a political system built on the foundations of quotas and sharing. the cake.

The answer to this question does not bear many interpretations, as the upcoming scenarios are according to political expectations that are clear as the sun and will not be covered by a sieve.

As for the second scenario, it talks about the possibility of successful mediation and bridge negotiations between the framework forces and the current by giving guarantees, most notably early elections after a year and a half or two years after the formation of the government.

As for the third scenario, which may coincide with the commemoration of the third anniversary of the start of the October revolution on the twenty-fifth of this month. which may continue to share followers  Sadrist Movement  Rejection of the Sudanese booth.   LINK

Al-Sudani Responds To The Coordination Framework Regarding The Mechanism For Forming The Government

 Policy  2022-10-21 | 03:02  11,176 views   Today, Friday, the media office of the Prime Minister-designate, Muhammad Shiaa Al-Sudani, issued a clarification regarding the selection of ministers for the government cabinet.

And the media office stated in a statement received by Alsumaria News, that "in reference to the statement of the coordination framework, we affirm that the agreement between the political blocs that make up the framework includes giving the opportunity for each bloc to present its candidates to all ministries."

The statement continued: "The matter of selecting the candidates is left to the person of the designated prime minister based on competence, integrity and ability to manage the ministry, according to the electoral weights of each bloc." The coordinating framework confirmed that Al-Sudani "is authorized to rotate ministries between components or within the same component", with the exception of the ministries of interior and defense.

Yesterday, Thursday, the coordination framework was delegated to the Prime Minister-designate  Muhammed Shiaa Al-Sudani  Choosing between the names nominated for ministerial portfolios from the parliamentary blocs or proposing new candidates, with the exception of the ministries of defense and interior.

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The coordination framework authorizes the Sudanese to choose ministries

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The coordination framework reveals the date for the presentation of the Sudanese government booth – urgent

04:26 | 2022-10-17  

The Framework Decides Its Choice Regarding The Prime Ministerial Candidate

12:15 | 2022-09-19   Since the resignation of the Sadrist bloc from the House of Representatives, the Coordinating Framework Forces have become the most numerous parliamentary bloc, which, according to the Iraqi constitution, presents its candidate for prime minister to the elected President of the Republic, who in turn instructs the candidate to present his government program and the names of his government members to the House of Representatives within 30 days. To gain the confidence of the board.

The date of the voting session on the program of the Prime Minister-designate and granting confidence to his government is still not specified, but observers indicate that Al-Sudani has completed naming members of his government, and that next week will witness a parliament session dedicated to this purpose.

On October 13, the parliament elected Abdel Latif Rashid as President of the Republic, after receiving the majority of votes in the second round of the voting process. As soon as he won the presidential office, he handed over  Rashid Al Sudani  A letter instructing him to form a new government within 30 days, as stipulated in the country's constitution.    LINK

The Coordinating Framework Authorizes The Sudanese To Choose Ministries And Exclude The Interior And Defense From Quotas

Iraq  21:05 - 10-20-20-20   Today, Thursday, the coordination framework announced the authorization of the Prime Minister-designate, Muhammad Shiaa Al-Sudani, to choose ministries, and to exclude the Interior and Defense from quotas.

Al-Attar said in a statement, "It held its regular meeting, today, Thursday, to discuss the formation of the government and to overcome the obstacles facing the Prime Minister-designate."

He added, "During the meeting, the Prime Minister-designate, Muhammad Shiaa al-Sudani, was authorized to choose the ministries that relate to the weight of the electoral framework, after the political forces submitted lists of their numbers and representatives with live signatures and candidates and according to the criteria of the Prime Minister-designate on a range of ministries."

He added that "the coordination framework authorized the Sudanese to choose between candidates or propose new ones," noting that "the prime minister-designate was also authorized to rotate ministries between components or within the component, and to exclude the ministries of interior and defense from the quotas and to nominate civilian or military figures, to ensure the achievement of a government An effective service in line with the ministerial program.   https://kirkuktv.net/AR/Details/9934

A Deputy Reveals The Fact That A Session Will Be Held To Vote On The Government Lineup Next Saturday

Political | 08:50 - 10-2022   Baghdad - Mawazine News   MP Mustafa Sanad expected, today, Thursday, that the voting session on the new government formation will not be held next Saturday.

Sanad said, "According to the current data, it is difficult to hold a voting session on the new government formation the day after tomorrow, Saturday, or until the middle of next week, because negotiations still need more time and there are differences within the components over the ministries assigned to each component."

He added that "the important basic and sovereign portfolios have not been resolved so far, and it was hoped that 14 ministries would be voted on as a first batch, but the differences between the components delayed the decision, and despite that, we expect that a vote on the government will take place before the end of the thirty-day constitutional period."

He added, "The Shiite component will get 12 ministries, the Sunni one will get 6 and the Kurdish one will get 4," noting that "his information indicates that the Shiite component will present (technocrats) candidates for its ministries supported by the blocs, while Sunni and Kurdish political figures will receive some ministries of the two components."   https://www.mawazin.net/Details.aspx?jimare=208819

Al-Kazemi Packs His Bags And The Sudanese Team Is Preparing To Take Over The Government Palace

Political | 06:43 - 10-2022   Baghdad - Mawazine News   An informed source revealed, on Thursday, the start of preparations by the Prime Minister-designate's team to take over the government palace.

The source said in an interview with "Mawazine News", "Prime Minister Mustafa Al-Kazemi began collecting his belongings in bags, and some of his office team completed packing his bags in preparation for handing over the government palace to the Prime Minister-designate Muhammad Shia'a Al-Sudani immediately after the formation of the government."

She added, "Al-Sudani's team began preparing to take over the government palace from Al-Kazemi's team." Ended 29 / h    https://www.mawazin.net/Details.aspx?jimare=208808

Al-Maliki's Coalition Announces That The Government's Crescent Cannot Be Seen Next Saturday And Expects A New Date

Posted On2022-10-21 By Sotaliraq  Today, Thursday, the State of Law coalition announced the inability of Prime Minister-designate Muhammad Shiaa Al-Sudani to present his cabinet next Saturday, suggesting that Monday or Tuesday will be set as an official date for the confidence session.

The leader in the coalition, MP Asaad Al-Bazuni, said, "The time factor stood in the way of Al-Sudani regarding presenting his booth, as there are no problems so far. Therefore, Monday or Tuesday, most likely, he will announce the presentation of the booth."

And he indicated that "the leaders of the State Administration Alliance had previously talked about setting Saturday as a date for granting confidence, but in an unofficial manner, since Al-Sudani did not inform the parliament presidency of the completion of his booth and his willingness to submit it."

And political sources had stated that "the coordination framework demanded that the Sudanese set next Monday as a date for holding a session of granting confidence to the government to complete the dialogues."

For his part, the leader in the framework, Ali Al-Fatlawi, said in an interview that "the Shiite forces handed the Sudanese all the names of the Shiite ministerial portfolios, while giving him the freedom to choose the nominated ministers or replace them."

Regarding the resolution of the Sunni component of the names of the candidates for the Sunni forces, Al-Fatlawi said that “the names that reached the Sudanese are repeated and inefficient, and therefore they were returned for the purpose of changing them,” while “the Kurdish forces handed over the candidate names and demanded that they not be replaced.”   LINK

A Year Of Political Failure” .. Iraqis Without A Government: Sarcasm And Resentment, And Guinness Welcomes You

Posted On20-10-2022 By Sotaliraq   October 11, 2022 Reports   It is the first day after a year of clear political inability to form a new Iraqi government, as the leaders of Iraq 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 on 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 goes on to say, “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 crisis that is renewed 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 Iraq’s inability to act.”

Economically after (12/31/2022), and the lack of a budget, and this will certainly affect us 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 to have every share and desire, forgetting the concerns of the Iraqi people and what We got it.”

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 perhaps it will 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 only thinks of its own interests.”

In his speech, the university student asks, “Do the leaders of the country not look at the international warnings, appeals and calls that are issued and warn Iraq against forming a 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 and do not see the imminent danger? over 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 To 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.”

And the university student adds that she "began to be afraid of work, as we do not know what will happen tomorrow, and we are living as the 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

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 stated that “more than nine months after the elections were held in October, the lawmakers in charge of choosing a president and prime minister did not come close to agreeing on anything, so that Iraq recorded a record period of 290 days (until yesterday, Wednesday). ), without a president 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.”

And 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 act for the benefit of the country and its people. Continued 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 is a major root cause of dysfunction in Iraq. No leader can claim to be protected from it. And keeping the system “as is” will have 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 guardianship system applies to countries that are defined in international law as “deficient in sovereignty,” and are subject, according to special conditions, to an agreement whose implementation 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 resentment 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 Sheikh and that 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 Shia’ al-Sudani, who seems to have great difficulty in passing his formation or even remaining a candidate in light of the rejection of “the Sadrist movement and the Octoberists.”

To be Attempts to storm Parliament are not far from the objectors, and things may develop further through the use of weapons between the opposing parties, which the Iraqis do not aspire to, of course.

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