Iraqi News Highlights Sunday Afternoon 11-6-22

Iraqi News Highlights Sunday Afternoon 11-6-22

Tlm724 Administrator Bondlady’s Corner

Iraq is the largest purchaser of gold in the second quarter of 2022

Market   Economy News _ Baghdad   Today, Sunday, the World Gold Council announced that Iraq is the country that is the largest purchaser of the yellow metal for the second quarter of 2022, while maintaining its 30th rank in the world among the largest countries in possession of gold reserves.

The council said in its latest schedule for the month of November 2022, which was reviewed by Al-Iqtisad News, that "Iraq jumped to the 30th rank after it was the largest purchaser for the second quarter of the current year 2022, after purchasing 33.90 tons of gold, bringing its reserve balance to 130.4 tons, which is Equivalent to 9.4 of the rest of his other reserves.

He added that "Turkey was the most buying country for gold for the third quarter of 2022, with a rate of 31.17 tons, bringing its reserves to 488.9 tons and reaching the 13th rank, while Egypt was the largest buyer for the first quarter of 2022 with 44.9 tons.

The United States of America still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,355 thousand tons, and then Italy, 2,451 thousand tons, while the Lao People’s Republic ranked 100, with a rate of 900 kilos, preceded by the Republic of Cape Verde with 1 tons as well. ".

On June 27, Iraq announced the purchase of new quantities of gold, amounting to approximately (34) tons, an increase of 35% over what was in its possession.

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.

138 views   Added 11/06/2022 - 10:51 AM  Update 11/06/2022 - 6:18 PM

https://economy-news.net/content.php?id=30621

"The State Is Just A Teller"... An Economic Center: 90% Of Iraq's Expenditures Are Without Production

Money  and business   Economy News-Baghdad   The head of the Iraq Future Foundation, Manar Al-Obaidi, confirmed on Sunday that the majority of the Iraqi state's expenditures go to non-productive sectors.

Al-Obeidi told "Economy News" that "the Iraqi state's expenses for the year 2022 were distributed among 42% salaries, 24% social care, 10% grants and subsidies, and 14% debt service."

He added, "90% of the total expenditures of the Iraqi state are without any productivity and without any real current or future return for Iraq."

He pointed out that "90% of all expenditures mean that the Iraqi state is just a money changer who receives oil money and returns to distribute it unfairly among the Iraqi people."

53 . views   Added 11/06/2022 - 9:35 AM  Update 11/06/2022 - 5:51 PM

https://economy-news.net/content.php?id=30616

Approach To The Formation Of The Future Iraqi Sovereign Fund, Which Forms It Systematically And Structurally And Implements It In Practice

Articles   Aqeel Jaber Ali

A knowledge base that “on the path, the path is formed”, but we are still in the steps of thinking about shaping the path of the methodology of the sovereign fund. Undoubtedly, the scientific methodological theorization of the sovereign investment fund is not scientifically and methodologically difficult, but the stumbling obstacle in practical application, as is the case with the obstacle of transition to a type of budget Programs and objectives in the federal general budget.

It highlights the importance necessary to focus methodically and practically to contain and enable the shift from scientific theorizing to the reality and methodology of the applicable financial and economic model, which is the biggest challenge for government economic officials.

In this regard, we think in parallel who is the party responsible for forming and formulating the structure of the Iraqi Sovereign Fund in a real and realistic way, systematically, structurally and institutionally in the reality of institutional work away from non-productive and practically unproductive theorizing!

Sovereign funds can be created and formed from the surpluses of the federal public budget, surpluses of government revenues from the activities of companies whose assets occupy a large share, the revenues from certain tax savings, including foreign exchange reserves of central banks, and international trade surpluses.

This, for example, is how money is made in China. Sovereign funds, representing the state, dispose of national savings, invest them in funds of various companies and other financial instruments, in particular, in stocks, bonds and funds of foreign countries.

In principle, the foreign exchange reserves of the Fund are used differently from the official reserves of the government. Specifically, the state usually has two other schemes for investing financial resources: a central bank that invests primarily in bonds, and state-owned companies that invest their money in private equity.

But the resources of the last two institutions can also be transferred by the state to sovereign funds. Sovereign investment funds, owned by the governments of sovereign countries, manage state rental income (the public domain) and budget surpluses.

Each sovereign fund seeks to increase its potential and capabilities by investing in various national and international financial instruments. If the main goal of pension funds is to ensure the financing of pension obligations, then sovereign accumulation funds pursue various goals, such as: pooling savings for future generations, promoting the implementation of social and economic projects, and protecting the economy from fluctuations.

In commodity prices, to promote restructuring and scientific and technical development. This management of national wealth in the name of the development of society and the state as a whole can be considered a new type of modern international economic approach based on the formation of national welfare funds.

 It opens new horizons for organization, planning and macroeconomic methodology. From the foregoing, there are several questions that seem logical and objective in the reality of the proactive thinking approach to the issue of forming the Iraqi sovereign fund, including:

Views 187   Added 11/06/2022 - 11:39 AM   Update 11/06/2022 - 6:27 PM

https://economy-news.net/content.php?id=30624

Al-Nusairi: The Participation Of Banks In The Baghdad International Fair Enhances Confidence In The Banking Sector

Banks   Economy News-Baghdad   The economic and banking advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, said, on Sunday, that the wide and distinguished participation of the Central Bank of Iraq, the Association of Iraqi Private Banks, government and private banks, and the Tamkeen Fund, which is supervised and managed by the Central Bank of Iraq and the Association in the 46th session of the Baghdad International Fair enhances confidence in the Iraqi banking sector and strengthens relations Economic and banking relations with foreign countries and Arab countries, especially the Gulf countries,

and thus these relations will contribute to joint cooperation and the creation of solid correspondent banks for international banking, where 12 countries and 363 Arab, foreign and Iraqi companies participate in all disciplines and fields.

The broad and active participation of banks in the activities of the Baghdad International Fair comes with a distinguished presence of the Association and authorized managers and their attempt to promote the services, banking products and modern technical services provided by banks at the present time,

in particular the provision of financing loans to finance small, medium and housing projects within the initiative of the Central Bank to allocate 18 trillion dinars to revitalize the economic cycle Stimulating the economy, reducing the unemployment rate for graduates and those with professions and crafts, achieving the societal goal of the banking sector,

as well as motivating the public to go to save in banks and reduce hoarding in homes and in unsafe places “with the aim of raising the percentage of financial inclusion, which rose during this year to 33.5%.

He noted that "the public's visit to the wings of the participating banks and to see the banks' plans, procedures and services will contribute greatly to restoring confidence in them, as they are solid national financial institutions, and their deposits in them will be guaranteed by law, especially since the Deposit Insurance Company has begun its work."

Al-Nusairi called on the concerned government authorities and the Ministry of Finance to implement the decisions of the Council of Ministers and the Economic Committee in the Council of Ministers regarding supporting private banks and creating a state of balance between the volume of deposits in government banks and the volume of deposits in private banks, which currently constitute only 13% of the total deposits.

Concerned with settling salaries for employees in banks with the aim of increasing the ability of banks to grant cash credit of all kinds, in addition to involving the leaders and experts of the Egyptian sector in making economic decisions related to the banking sector and their participation in official delegations and joint committees for economic cooperation with countries of the world because without a sound banking sector it is not possible to build an economy A healthy country."

Views 178   Added 11/06/2022 - 12:45 PM  Update 11/06/2022 - 6:27 PM

https://economy-news.net/content.php?id=30626

The Prime Minister Approves The Resignation Request Submitted By The President Of The National Investment Commission / Expanded

Sunday 06 November 2022 17:14 | political Number of readings: 145

Baghdad / NINA / - The Prime Minister, Muhammad Shiaa Al-Sudani, has approved the resignation request submitted by the head of the National Investment Commission, Suha Daoud Najjar.

And his media office stated in a statement, "The Prime Minister directed the concerned agencies to take the necessary measures regarding the resignation of the head of the National Investment Commission, and authorizes the Vice-President of the Commission, Salar Muhammad Amin, to run the affairs of the commission temporarily." / End   https://ninanews.com/Website/News/Details?key=1012340

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

Economie| 10:00 - 06/11/2022   Baghdad - Mawazine News, the dollar exchange rates rose, today, Sunday, on the local stock exchange.    Selling price: 147.000 dinars per $100   purchase price: 146.900 dinars per $100   https://www.mawazin.net/Details.aspx?jimare=210356

Iraq's Oil Exports To America Rise In A Month

Economie| 08:53 - 06/11/2022   Follow-up - Mawazine News, the US Energy Information Administration announced, on Sunday, that Iraq's oil exports to America amounted to more than 5 million barrels last October.

The administration said in its schedule, seen by Shafak News Agency, that "Iraq exported 4.588 million barrels of crude oil to America during the month of October, at an average of 148 thousand barrels per day," down from the month of September, in which Iraqi oil exports to America amounted to 7.050 million. barrels and an average of 235 thousand barrels per day.

She added that "Iraq exported crude oil to America during the first week of September at a rate of 109 thousand barrels per day, while an average of 130 thousand barrels per day was issued in the second week, and an average of 220 thousand barrels per day was exported in the third week," noting that "the fourth week's exports amounted to 134 thousand barrels per day.

The US Energy Information Administration stated that "Iraq ranked sixth in its exports to America during the past month, after Canada, Mexico, Saudi Arabia, Colombia and Brazil, and the second Arab country after Saudi Arabia, whose exports to America reached 11 million, and 284,000 barrels per day," noting that "Canada ranked first as the most oil-exporting country to America, followed by Mexico." Ended 29 / AD 99     https://www.mawazin.net/Details.aspx?jimare=210351

Central Bank: Bank Loans Include The Citizens Of The Kurdistan Region

Sunday, 6 November 2022 2:00 PM   Baghdad / National News Center  Today, Sunday, the Central Bank of Iraq announced that the loan initiatives it launched also include the citizens of the Kurdistan Region.

The bank said in a statement received by the National News Center: "Its initiatives of various kinds, the latest of which is the health loan initiative, include all segments of Iraqi society in all governorates of Iraq, including the Kurdistan Region, while adhering to the conditions and instructions for each initiative."

On October 7, 2022, the Central Bank of Iraq decided to include people with cancerous diseases and incurable cases with loans as part of its development initiative, granted through authorized banks in Iraq at a rate of 5 per thousand and with a repayment period not exceeding five years.

https://nnciraq.com/162347/

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"Tidbits From TNT" Sunday 11-6-2022

TNT:

Tishwash:  Al-Nusairi: The participation of banks in the Baghdad International Fair enhances confidence in the banking sector

The economic and banking advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, said, on Sunday, that the wide and distinguished participation of the Central Bank of Iraq, the Association of Iraqi Private Banks, government and private banks, and the Tamkeen Fund, which is supervised and managed by the Central Bank of Iraq

And the Association in the 46th session of the Baghdad International Fair enhances confidence in the Iraqi banking sector and strengthens relations Economic and banking relations with foreign countries and Arab countries, especially the Gulf countries, and thus these relations will contribute to joint cooperation and the creation of solid correspondent banks for international banking, where 12 countries and 363 Arab, foreign and Iraqi companies participate in all disciplines and fields.

The broad and active participation of banks in the activities of the Baghdad International Fair comes with a distinguished presence of the Association and authorized managers and their attempt to promote the services, banking products and modern technical services provided by banks at the present time, in particular the provision of financing loans to finance small, medium and housing projects within the initiative of the Central Bank to allocate 18 trillion dinars to revitalize the economic cycle

Stimulating the economy, reducing the unemployment rate for graduates and those with professions and crafts, achieving the societal goal of the banking sector, as well as motivating the public to go to save in banks and reduce hoarding in homes and in unsafe places “with the aim of raising the percentage of financial inclusion, which rose during this year to 33.5%.

He noted that "the public's visit to the wings of the participating banks and to see the banks' plans, procedures and services will contribute greatly to restoring confidence in them, as they are solid national financial institutions, and their deposits in them will be guaranteed by law, especially since the Deposit Insurance Company has begun its work."

Al-Nusairi called on the concerned government authorities and the Ministry of Finance to implement the decisions of the Council of Ministers and the Economic Committee in the Council of Ministers regarding supporting private banks and creating a state of balance between the volume of deposits in government banks and the volume of deposits in private banks, which currently constitute only 13% of the total deposits.

Concerned with settling salaries for employees in banks with the aim of increasing the ability of banks to grant cash credit of all kinds, in addition to involving the leaders and experts of the Egyptian sector in making economic decisions related to the banking sector and their participation in official delegations and joint committees for economic cooperation with countries of the world because without a sound banking sector it is not possible to build an economy A healthy country."   link

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Tishwash:  A parliamentary proposal to prepare a medium-term budget in Iraq

Independent MP Hamid Al-Maliki announced, on Sunday, submitting a proposal to prepare a medium-term budget for a period of three years.

Al-Maliki said during a press conference held at the parliament building and attended by Shafak News Agency correspondent, we submitted a proposal to the Ministry of Planning and the Parliamentary Finance Committee to prepare a medium-term budget for a period of three years based on the provisions of Article 4 Second of the Financial Management Law No. 6 of 2019, which stipulates that the Federal Ministry of Finance prepare A medium-term budget for three years is submitted once and legislated, and the first year is obligatory, and the Council of Ministers, based on a proposal from the Ministry of Finance and Planning, may amend it for the second and third years and with the approval of the House of Representatives.

He added, "We asked the above authorities to consider this proposal, which is based on realistic justifications, and with the aim of setting a financial plan for the state with an average time limit, which must be carried out in terms of programs and projects, and an estimate of revenues and current and investment expenditures  link

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CandyKisses:  A conference in Washington draws the picture of Iraq in 20 years and its challenges internally and externally

Shafaq News/ The American "Atlantic Council" Institute presented a summary of a two-day conference it organized on Iraq in Washington, DC, in which many US and Iraqi decision-makers and senior experts and researchers participated, under the title "Turbulence and Transition: Iraq after twenty years of the invasion", in an attempt to To paint a picture of Iraq over the past two decades, and to identify the opportunities and possibilities faced by new generations in Iraq.

In the report translated by Shafak News Agency, the American Institute explained that the conference was held on October 25 and 26 last, and included speeches and discussions related to the security scene in Iraq, the regional role in mediation and foreign policy in general, in addition to the energy sector, and efforts to deal with challenges climate, in addition to the challenges that Iraq is facing related to its transition to democracy.

Integrative Middle East

With regard to the first day of the conference, the report summarized parts of a speech delivered by the Deputy Assistant Secretary of State for Iraq and Iran Affairs and Public Diplomacy in the US State Department Jennifer Gavito, in which she addressed the efforts of US President Joe Biden to strive for a more integrated Middle East by accelerating support For regional partners, including Iraq.

In addition, Javito also discussed the issue of the fruitful partnership between the United States and Iraq, and stressed that Iraq, although it has faced and overcome many challenges, is currently facing new challenges, including unemployment and lack of electricity, considering that the new government bears the responsibility for Develop policies that achieve improvement in the lives of citizens and reduce corruption.

According to the US official, the youth of Iraq are its most important resource, as 60% of the country's population is under the age of 25.

Security and counter-terrorism

Under the title of the Armed Forces, Security and Combating Terrorism, the head of the Counter-Terrorism Service, Lieutenant-General Abdul-Wahhab Al-Saadi, stressed that security challenges lie at the heart of all problems in Iraq, especially since 2003, despite the fact that the United States helped develop the capabilities of the Iraqi army.

The report quoted Al-Saadi as saying that the army still needs a major development process and is trying to do so with the help of the Ministry of Interior and other government institutions.

For his part, retired US Army General Michael de Barbero spoke about the importance of continuing US aid and support to Iraq, but only on condition that corruption be tackled and Iran's "malign influence" dealt with, in addition to continuing US intelligence activity in the field with the aim of combating terrorism in Iraq.

General Barbero also stressed the importance of reducing and eliminating corruption within the security institutions of the Kurdistan Regional Government.

strategic framework agreement

As for the former Iraqi Foreign Minister, Muhammad Ali al-Hakim, he spoke about the importance of the strategic framework agreement between Washington and Baghdad, considering it the basis for bilateral relations between the two countries, but he indicated the need for Iraq to balance its relations with both the United States and Iran.

Al-Hakim called on Iraq to attract more private sector companies, which would lead to strengthening political dialogue with the United States, in addition to developing the economy and the security situation in the country.

Al-Hakim also called for activating the exploitation of renewable energy, similar to what Egypt is doing, as Iraq enjoys an abundance of the sun in order to generate energy.

Al-Kazemi stage

Under the title "Iraq in the region", the researcher at the "Atlantic Council" Abbas Kazem addressed the stage of former Prime Minister Mustafa Al-Kazemi, as well as the idea that internal weakness opens the door to influence and external interference, and stresses the importance of Iraq's internal recovery, by focusing on addressing Civil divisions based on ethno-sectarian lines.

As for the advisor in the office of the Minister of Foreign Affairs in the Kingdom of Saudi Arabia, Manal Radwan, she considered that Iraq was able to restore confidence in it in the region, especially on the part of Saudi Arabia, despite the fact that Iran's proxies in Iraq still constitute a major issue threatening regional and international peace and security.

Radwan stressed the importance of strengthening Iraq's institutions, adding that Saudi Arabia should work with Iraqis and other international partners to strengthen Iraq.

For his part, the former Consul General of Turkey in Erbil, Aydin Celgen, spoke about the close relationship between Turkey and Iraq, especially commercially, adding that Turkey is the way for all Iraqis to link up with the West.

Iraq and Iran

As for the prominent researcher at the British "Chatham House" Institute, Sanam Wakil, he pointed out that Iran has been a pioneer for 13 years in developing relations with Iraq, and therefore it is considered the most important foreign player in Iraq today.

According to Wakil, this relationship has caused great damage to Iraq's internal stability, as Iran has used Iraq to advance its broader regional ambitions.

Constitutional reforms

In his welcoming intervention on the second day of the conference, Director of the Atlantic Council, Olin Withington, discussed the unstable situation in Iraq and subsequent developments related to failures, in addition to potential solutions to multiple challenges, such as relying on constitutional reforms.

Withington highlighted the idea that Iraq, despite being a country dependent on oil, structural challenges are still present, in addition to the opportunities represented by the private sector are still limited.

According to Withington, the widespread protests mean that there are general grievances and a loss of patience, especially among young people, also pointing to the "political fragility" due to the inability to form a new government for more than a year since the last elections.

But he stressed that the young generation represents the future of this country, adding that "shaping the future is our primary collective task, and from here comes the priority of this conference."

Withington noted that "the United States is committed to a strategic partnership with the people and government of Iraq, and it seeks to support a stable, prosperous, democratic, and united Iraq."

Energy, Economy and Environment

The CEO of Crescent Petroleum, Majid Jaafar, also spoke, considering that the oil issue did not occur after the Ukraine war or the Corona epidemic, adding that there was a "chronic structural deficit in oil."

Jaafar considered that in light of the lack of gas supplies, Iraq should play a major role in supplying global markets after meeting its own energy needs.

For his part, the former Iraqi Minister of Electricity Louay Al-Khatib addressed the issue of the electrical connection, saying that it solves the electricity crisis in Iraq.

The report quoted Sarah Vakhshuri, from the "SVB International Energy", as saying that Iraq can achieve independence in energy and in the field of decarbonization, stressing the importance of extracting natural gas and increasing oil production.

She pointed out that the lack of investments in the field of fossil fuels is a major reason for the rise in energy prices and the shortage in its supply, noting that the issues of energy production and security are still present due to problems related to regulating investment that prevent Iraq's progress locally and globally.

culture, education and technology

The report presented a summary of the speech of the former Iraqi Minister of Culture, Hassan Nazim, in which he addressed Iraq in the fields of culture, education and technology, discussing issues not centered on security, as he stressed Iraq's determination to rebuild and renew itself despite all the challenges that exist.

Nazim stressed that Iraq has become a center of consensus while it was a center of conflicts in the past, pointing to Iraq's clearly developed relationship with the United States, despite past and current challenges.

The democratic experience

Under the title "Iraq's Democratic Experience", former diplomat Faisal Al-Istrabadi, who founded the Center for Middle Eastern Studies at Indiana University in the United States, spoke, noting that the most difficult task for the new Iraqi government is to create a sense of trust between the Iraqi people and the government.

But Al-Istrabadi considered that corruption in Iraq will continue and no major reform will be achieved.

For his part, the independent advisor on Iraq, Laith Kubba, touched on the previous protest movements and their impact, but considered that the "dysfunctional regime" was not able to reform itself from within, but the youth of Iraq are forcing the regime to change.

As for the former deputy in the Iraqi parliament, Sarkot Shams Al-Din, he pointed out that there are independent but "incompetent" individuals within the political system in Iraq, which would cause inaccuracies in the decision-making process within the parliament.

He added that parliament was still effectively controlled by major political parties or "key players".

The report quoted Boston University professor Shamiran Mako as emphasizing on finding ways for the government to restore confidence by providing the necessary institutional reforms and pursuing more conciliatory policies.

He concluded by saying that what Iraq is witnessing was not a functioning democracy, but rather an elite game with regard to how to manage the work of the government.

Mot: .... Uh Oh! - Run Tonto Run! ~~~~

Mot:  .. ooooh...... ooooh...... ooooh...... Eye Opening this is! ~~

Saturday Evening Iraq Parliament News Highlights 11-5-22

Saturday Evening Iraq Parliament News Highlights 11-5-22

A Deputy Identifies The “Biggest Challenges” Facing The Sudanese Government

political| 12:42 - 05/11/2022   Baghdad - Mawazine News, a member of the Parliamentary Integrity Committee, Representative Ahmed Al-Rubaie, said, on Saturday, that the existing laws and legislation in the field of combating corruption are sufficient, "but they are not really activated", and through which it is possible to limit and eliminate corruption, provided that they are "activated and applied correctly."

Al-Rubaie added, "Nevertheless, there are technical observations regarding these laws that require amendment or new legislation if the opportunity arises to make the appropriate amendments, such as activating the offices of general inspectors that were dissolved several years ago and organizing their work as an independent body linked to the House of Representatives.

" That was better than solving it, which created a vacuum, and this is what we saw through our communication with the Board of Financial Supervision, the Federal Integrity Commission and the judiciary.”

Al-Rubaie pointed out that "these offices played a distinguished role despite the problematic relationship with the institution's official or the minister, and thus recorded failures that are not without notice, as well as the failure to fully activate the role of the public prosecution, which needs to be reassessed in a totality," according to The official newspaper.

Al-Rubaie continued, "The corruption file is one of the biggest challenges facing the government of Muhammad Shia'a Al-Sudani," noting that "the opportunity is available for the success of this government in light of public support, so laws must be activated and corruption affecting state institutions significantly reduced." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=210291

Nechirvan Barzani Gives Six Advice To The Sudanese Government And A "Sadr" Request

Shafaq News/ The Deputy Chairman of the Kurdistan Democratic Party, Nechirvan Barzani, said on Thursday that the party will provide services and create jobs in various regions of Iraq, in cooperation with the new Iraqi government.

Barzani said in his speech during the 14th Democratic Party Conference, "The Kurdistan Democratic Party has been a great force in the Iraqi political and democratic movement since its founding, and it was in the interest of all Iraqis, and now after the conference we will participate with all Iraqi parties with a new force."

He added that "the new Iraqi government is called to create more and better jobs and services in southern and central Iraq, help the private sector, rebuild the destroyed Sunni areas, normalize the situation in Kirkuk, Sinjar and other areas, implement Article 140 of the constitution, and prevent violations of the rights and powers of the Kurdistan Region."

Barzani continued, "If we want to resolve the situation in Iraq, the rights of any Iraqi component should not be violated, and no segment or force should be removed from the Iraqi people, so the Iraqi government and all Iraqi forces must adopt new negotiations with the Sadrist movement." LINK

The United Nations Renews Its Commitment To Cooperate With The Iraqi Government

political| 12:19 - 05/11/2022   President Abdellatif Jamal Rashid receives a congratulatory message from United Nations Secretary-General Antonio Guterres on his election

https://www.mawazin.net/Details.aspx?jimare=210290

The President Of The Republic Receives A Phone Call From The US Secretary Of State

Iraq   00:50 - 11-05-2022   Today, Friday, November 4, 2022, the President of the Republic, Dr. Abdul Latif Jamal Rashid, received a phone call from US Secretary of State Anthony Blinken, in which Minister Blinken congratulated Dr. Abdul Latif Rashid on his election as President of the Republic, wishing him and the Iraqi government success in their missions.

The US Secretary of State expressed his happiness with the peaceful and democratic way in which the President of the Republic was elected and a government was formed that works to accomplish everything that would support the stabilization of security in Iraq, support its stability, provide services to its people, and improve the relationship between the Center and the Kurdistan Region, in the interest of Iraq with all its components.

The President of the Republic, Dr. Abdul Latif Jamal Rashid and Minister Anthony Blinken stressed the importance of the strategic alliance and close cooperation between Iraq and the United States in the fight against terrorism in Iraq and the region. Minister Blinken reiterated his country's support for the Iraqi people.

During the call, the President of the Republic spoke with Minister Blinken about their attendance at the Climate Summit to be held in Sharm El Sheikh. In this regard, the President of the Republic referred to the environmental problems that Iraq suffers from and the scarcity of water.

https://kirkuktv.net/AR/Details/10355

Defensive: Al-Sudani restored the government’s compass to its constitutional and legal context by implementing the decisions of the Federal Court

Calendar 03/11/2022   Views 1071   Baghdad / Al-Mawrid News  The official spokesman for the Islamic Supreme Council of Iraq, Dr. Ali Al-Dafii said that "the actions of Prime Minister Muhammad Shia Al-Sudani returned the government's compass to its constitutional and legal context by implementing the decisions of the Federal Court,

pointing out that" the Sudanese government, in its first steps, gave messages to the Iraqi people that it is a government that is serious in its work" through bold stances to correct the path and address the situation.

During an interview with W Watan TV, Al- Dafii  said, “The Federal Court Decision No. 121 of 2022 stipulates that all the decisions of the caretaker government are unconstitutional and illegal. judiciary, stating that

He added that "the people who were targeted by the decisions were not sacked or ousted, as some believe, but were applied to them by the decisions of the Federal Court.

" And economic reform, and that we will follow up and monitor it.”

He pointed out, “We in the framework support the Sudanese government, as it is the candidate of the framework and the parliamentary majority, but the responsibility for the success of the government is by the rest of the political parties, such as the alliance of resolve and sovereignty, the two Kurdish parties and the Christian brothers, and the cabinet of Mr. Sudanese should follow the example of the President The government in its daily practices with the same seriousness, field trips and achievement.

https://almawrid.news/contents/view/details?id=56239

Deputy For The Framework: The Sudanese Government Will Accomplish What Previous Governments Failed To Do

Iraq  10:30 - 11-05-2022    Member of the Coordination Framework, Mahmoud El-Hayani, confirmed, on Saturday, that the government of Prime Minister Muhammad Shiaa Al-Sudani will accomplish what previous governments failed to provide, the first of which is to build bridges of trust between all political and popular forces and end political differences.

Al-Hayani said in a press interview, "The prime minister and the ministerial cabinet are supposed to be able to serve the community, national service through the government's slogan, which is achievement, and these achievements need time after the implementation of the government and ministerial programs."

He added, "The implementation of the achievements needs more than a year to be completed once and for all to provide services to the Iraqi people," stressing that "the Sudanese government will accomplish what previous governments failed to provide, the first of which is to build bridges of trust between all political and popular forces and end political differences, in addition to ending The state of corruption is widely inflated because it is a waste of people’s money.”

He explained, "One of the most important paragraphs in the government program is to preserve the unity of Iraq from external and internal interference, to preserve the unity of the Iraqi ranks and to deter all kinds of aggression on the borders, and the government must preserve the interests of the Iraqi people."

https://kirkuktv.net/AR/Details/10357

Will Iraq Use An International Team To Investigate The Theft Of The Century?

Political | 06:11 - 04/11/2022   Special - Mawazine News   , Representative of the State of Law coalition, Muhammad Al-Sihoud, revealed, on Friday, the possibility of Iraq using an international team to investigate the theft of tax authority funds, known in the media as "the theft of the century."

Chihod said in an interview with "Mawazine News" that "the local expertise and the investigators in the Integrity and Financial Control Commission are specialists in the field, and that this file was strongly adopted by the Prime Minister," noting that "the case has many details that are not intended to be announced, so as not to influence the situation." The investigations are progressing, and there is no need to recruit or participate in any external team or investigator.”

He pointed out, "The heavy legacy of corruption left by the Al-Kazemi government is great, and this legacy is normal, from the point of view of the safety of punishment, and literature has become worse." Ended 29 / h    https://www.mawazin.net/Details.aspx?jimare=210225

Al-Hakim Congratulates The Democrat And President Barzani: A Good Gesture To Resolve The Outstanding Issues Between The Center And The Region

Posted On2022-11-05 By Sotaliraq   The head of the National State Forces Alliance, Ammar al-Hakim, sent a congratulatory message to the Kurdistan Democratic Party and Kurdish leader Massoud Barzani on the occasion of the success of the party's fourteenth conference held in Dohuk, and the renewal of confidence in President Barzani, as party leader.

He also congratulated, in a message to the conference, on Thursday, the selection of Nechirvan Barzani and Masrour Barzani as vice presidents by the party's leadership council.

In his message, Al-Hakim added: "We all hope to proceed with the course of work with the rest of the partners of the Iraqi scene in a high patriotic spirit to preserve the democratic experience and exercise the same pioneering role at the Kurdish regional and national levels in our beloved Iraq."

He hoped that this occasion would be a "good gesture to resolve the outstanding issues between the central and regional governments in the service of our Iraqi people over the entire country." LINK

Mawazine Publishes A List Of Laws That Will Be Presented In The Next Parliament Session

political| 02:58 - 04/11/2022  Baghdad - Mawazine News, a member of the Legal Committee, Salem Al-Anbaki, revealed today, Friday, a number of laws that the committee will begin to submit for the purpose of legislation.

Al-Anbaki said in an exclusive interview with "Mawazine News", "20 laws were included for the purpose of approving it, and a group of them read the first reading," noting that these laws will be subject to special proposals and amendments that serve citizens,

and that "the selected laws are the ones that do not include In a political dispute, it does not need consensus, but directly touches the lives of citizens, and it was chosen for the purpose of its approval.”

Representative Salem Al-Anbaki provided the agency, Mawazine News, with an image of the schedule of laws that will be presented during the upcoming parliament sessions. Ended 29/M 99

https://www.mawazin.net/Details.aspx?jimare=210206

Iraqi News Highlights Saturday Afternoon 11-5-22

Iraqi News Highlights Saturday Afternoon 11-5-22

Tlm724 Administrator Bondlady’s Corner

The President and the US Secretary of State stress the importance of the strategic alliance and close cooperation between Iraq and the United States / Expanded

Saturday 05 November 2022 00:50 | political Number of readings: 555

Baghdad / NINA / - President of the Republic, Abdul Latif Jamal Rashid, received, on Friday, a phone call from US Secretary of State Anthony Blinken, congratulating the president on his election, and wishing him and the Iraqi government success in their missions.

According to a presidential statement, the US Secretary of State expressed his happiness with the peaceful and democratic way in which the President of the Republic was elected and the formation of a government that works to accomplish everything that would support the stabilization of security in Iraq, support its stability, provide services to its people, and improve the relationship between the Center and the Kurdistan Region, in the interest of Iraq. With all its components. "

The President of the Republic and Minister Anthony Blinken stressed the importance of the strategic alliance and close cooperation between Iraq and the United States in the fight against terrorism in Iraq and the region. Blinken reiterated his country's support for the Iraqi people."

According to the statement, the President spoke with Minister Blinken during the call about their attendance at the Climate Summit to be held in Sharm El-Sheikh. In this regard, the President of the Republic referred to the environmental problems that Iraq suffers from and the scarcity of water

https://ninanews.com/Website/News/Details?Key=1011988

The King Of Britain To The President Of The Republic: I Look Forward To Continuing To Strengthen The Strong Partnership That Exists Between Our Two Countries

Political | 02:47 - 05/11/2022   Baghdad - Mawazine News  , President of the Republic, Abdul Latif Jamal Rashid, received, on Saturday, a cable of congratulations from Britain's King Charles III.

A statement by the President's Information Office stated that "Rasheed received a congratulatory message from His Majesty King Charles III, King of the United Kingdom of Great Britain and Northern Ireland, on the occasion of his election as President of the Republic."

Here is the text of the message:

“Your Excellency,  on the occasion of your election as President of the Republic of Iraq, I am pleased to send you my warmest congratulations. The close relations between our two countries remain of paramount importance to the United Kingdom.

I look forward to continuing to strengthen the friendly relations of friendship, and to support the strong partnership existing between our two countries, wishing your Excellency and the Iraqi people the best wishes. Ended 29/N33    https://www.mawazin.net/Details.aspx?jimare=210301

The Minister Of Planning Directs The Implementation Of The Paragraphs Of The Government Program Of The Ministry

Saturday, November 5, 2022 4:40 PM  Today, Saturday, the  Minister of Planning, Muhammad Ali Tamim, directed the formation of a higher committee to implement the paragraphs of the ministry's government program.


A ministry statement received by the National News Center stated that “the Minister of Planning, Muhammad Ali Tamim, and in implementation of the directives of the Prime Minister, Muhammad Shiaa Al-Sudani, directed the concerned departments of the ministry, on the official working hours of Saturday, for the purpose of completing the procedures related to the inclusion of projects of the emergency support law for food security and development for Baghdad governorate.” and other provinces.

The statement added that "Tamim held several deliberative meetings with the advanced cadre in the ministry, and directed the speedy achievement, in coordination with the concerned cadres in the governorate of Baghdad and the concerned governorates."

And the statement continued, “The Minister of Planning directed the formation of a higher committee in the ministry under his direct supervision, and the presidency of the technical agent, and it includes in its membership the administrative agent, heads of agencies and formations, and general managers in the ministry. operations within seven working days.    https://nnciraq.com/162136/

Economist: The Sudanese Program Is Balanced And Real If Implemented Correctly

Saturday 05 November 2022 10:04 | Economic Number of readings: 321

Baghdad / NINA / - The expert in economic affairs, Raad Twij, said that Prime Minister Muhammad Shia Al-Sudani presented his new government program, "which is balanced, real, and feasible", calling for the help of influential economists to implement this program .

"The new government inherited great economic files that are the accumulations of previous periods, where the economic aspect was neglected, as we see in the failure to implement the white paper, and the deterioration of the level of economic consultations, which requires opening executive and advisory economic windows to change the economic reality in Iraq," noting: The new Sudanese government program is balanced, real, and feasible." 

He pointed out that "the Sudanese program presents a new economic reality that will reflect positively on the country's economy, if implemented correctly, especially what the World Bank expects of high growth rates for the Iraqi economy in 2023, equivalent to 4%."

The economist predicted: "Iraqi economic growth rates will rise more than 4%." / End 8

https://ninanews.com/Website/News/Details?key=1012029

Transportation: Al-Faw Grand Port Project Allocations Are Secured For The Next Year

Reconstruction and building   Economy News – Baghdad The Ministries of Finance and Planning pledged to provide all facilities to secure financial allocations for the Grand Faw Port for the coming year.

This was stated by the Director of Relations and Information at the General Company for Iraqi Ports in the Ministry of Transport, Anmar Al-Safi, in a statement to the official newspaper, explaining that "the two ministries were briefed on the pace of work in the field and on the percentages of achievement achieved on the project land, which exceeded, within the first phase of it, the planned one."

Al-Safi added that "the operations of linking Al-Faw port with the submerged tunnel have been finalized by the executing company, and there will be points of obsolescence and a clear acceleration in the completion of projects related to the port." Noting that "the Iraq Ports Company instructed to expedite the implementation of the five projects and shift to implementing the first part of the second phase, which is the construction of oil berths and other berths."

He revealed, "there has been an increase in the completion rates of the container yard in the port, which will be ready to work on time in order to complete the projects related to the commercial exchange operations in it, especially since there is a mobilization of the full capacities of the ports to enhance the economic and commercial movement in the port."

82 . views  Added 11/05/2022 - 4:05 PM   Update 11/05/2022 - 6:36 PM

https://economy-news.net/content.php?id=30605

Dollar Exchange Rates In The Iraqi Market

Economie| 10:01 - 05/11/2022   Baghdad - Mawazine News  The dollar exchange rates witnessed, today, Saturday, a slight decrease in the local markets.   Selling price: 146.500 dinars per $100  purchase price: 146.400 dinars per $100.    https://www.mawazin.net/Details.aspx?jimare=210277

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

https://www.bondladyscorner.com/

Some "International News" Posted by Samson at KTFA 11-5-2022

KTFA:

Samson:  Wide popular turnout for Baghdad International Fair

04/11/2022 22:27:50

The Ministry of Commerce announced today a wide popular turnout for the 46th Baghdad International Fair, which started its activities on the first of this November to see the exhibits of the companies' pavilions and the countries participating in the exhibition.

A ministry statement quoted the Director General of the General Company for Iraqi Exhibitions and Commercial Services as saying, "The Baghdad International Fair has witnessed, since its early days, the influx of Iraqi families from various regions to see the most important exhibits and the products of the companies and countries participating in the exhibition."

He explained that "Iraqi families found the Baghdad International Fair an outlet for them, by learning about the cultures of the countries participating in the exhibition and the events that take place during its days, as it is the largest cultural and social gathering that includes places to shop for Iraqi, Arab and international goods." He pointed out that "the company is in high coordination with the security authorities to create safe conditions for families roaming the corridors of the exhibition."

It is noteworthy that the Baghdad International Fair also witnessed the establishment of a number of cultural events and seminars within the pavilions of companies and participating countries, and the establishment of fireworks activities and a display of rare cars.  LINK

Samson:  Iraq and Russia are preparing to sign a cooperation agreement in the field of nuclear energy

5th November, 2022

The Economic Adviser of the Russian Embassy in Iraq, Ilya Lobov, announced on Saturday that Moscow and Baghdad are preparing the necessary steps to sign a memorandum on cooperation in the peaceful use of nuclear technologies.

"Preparations are underway to sign a memorandum of understanding on cooperation between the two countries in the field of peaceful use of non-energy nuclear technologies," Lubov said in a statement to the Russian "RT" channel. He pointed out that the two sides are also studying cooperation in the field of education, including in the form of accepting Iraqi students to study in specialized Russian universities.

According to him, the Iraqi side shows traditional interest in Russian nuclear energy, and the two sides resumed the negotiation process to establish a partnership in this field, within the framework of the agreement signed in 1975 on cooperation in the use of atomic energy.

The adviser added: "Rosatom and the Iraqi Agency for the Control of Radioactive Materials are considering the possibility of implementing small projects in the field of low-energy research reactors. The two parties are also studying the possibility of cooperation in the use of nuclear technologies in non-energy fields, such as medicine, agriculture and water desalination. 

In early September 2022, the Russian Foreign Ministry announced Moscow's readiness to supply Iraq with radioisotope products, and to assist Baghdad in the field of nuclear medicine.

Director of the Middle East and North Africa Department at the ministry, Alexander Kinchak, said that "the Russian side expressed its readiness to assist Iraqi partners in the peaceful use of nuclear energy and the supply of radioisotope products, as well as training cadres in Russian universities specialized in related fields."

In this context, Kinshak indicated that Russia is also ready to "implement major joint projects," adding: "We proceed from the fact that a return to a practical view in this issue is possible with an increase in the volume of cooperation in this intensive scientific field, and also when updating and revising customer plans. related Iraqis.  LINK

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Samson:  Ankara and Moscow agree to send free Russian grain to African countries

4th November, 2022

Turkish President Recep Tayyip Erdogan announced on Friday his agreement with his Russian counterpart Vladimir Putin that Russian grain that is sent under an export agreement through the Black Sea to poor African countries should go free of charge

Erdogan explained, in a speech at the Musiad Expo organized by the Association of Independent Industrialists and Businessmen in Istanbul, that "Putin offered, in his last phone call with him, to send grain for free to needy countries, and he said, "Let's send these grains to countries such as Djibouti, Somalia and Sudan for free." And we agreed on that

Putin said this week that even if Russia withdrew from the deal again, it would replace the entire amount of grain intended for "the poorest countries" from its stockpile, free of charge

Last Saturday, Moscow expressed its readiness to provide 500,000 tons of grain for free to poor countries in the coming months, with the help of Turkey

The Turkish president indicated that he agreed with his Russian counterpart to discuss this issue extensively during the G20 summit, which will be held in Bali, Indonesia, on November 13-14 LINK

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Samson:  Iraqi oil exports to America decreased to 134 thousand barrels per day during the past week
5th November, 2022

On Saturday, the US Energy Information Administration announced that Iraq's oil exports to the United States of America decreased to 134,000 barrels per day during the past week

The administration said in a report that "the average US imports of crude oil during the past week from eight countries amounted to 5.465 million barrels per day, an increase of 108 thousand barrels per day from the previous week, which amounted to 5.357 million barrels per day

She added that "Iraq's oil exports to America amounted to an average of 134,000 barrels per day last week, lower than the week before, when oil exports to America reached an average of 220,000 barrels per day

She pointed out that "most of America's oil revenues during the past week came from Canada at a rate of 3.410 million barrels per day, followed by Mexico at a rate of 748,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 533,000 barrels per day, and then Colombia at a rate of 218 thousand barrels per day

According to the administration, "the amount of US imports of crude oil from Brazil amounted to an average of 212,000 barrels per day, from Libya at a rate of 129 thousand barrels per day, and from Nigeria at an average of 81 thousand barrels per day, while it did not import any quantity from Ecuador and Russia  LINK

Samson:  How do Gulf countries use oil wealth to build bridges with countries in the region?

5th November, 2022

The Gulf's oil majors are using the newly acquired fortunes of the Ukraine war to build economic bridges with their poorer neighbours, some of whom the Gulf once viewed as adversaries.

Monarchies are now doubling down on economic cooperation. At the heart of this diplomatic initiative are sovereign wealth funds, which work to secure regional stability through billions of dollars in investments.

Saudi Arabia and the United Arab Emirates - both of which are reaping huge returns from higher oil prices this year - are at the forefront of these investments, establishing themselves in countries that have faced turmoil in some parts due to economic distress.

The International Monetary Fund said last week that energy exporters in the Middle East, including the Gulf states, are expected to see windfall gains of nearly $1 trillion over the next four years on the back of this year's oil boom.

Money has a huge impact, Michael Madewell, president of the Sovereign Wealth Fund Institute in Las Vegas, told CNN, adding that "sovereign wealth funds can be used as tools of foreign policy, as a kind of soft power."

After nearly a decade of conflict-ridden regional politics, Saudi Arabia and the United Arab Emirates are moving toward a less confrontational approach. These two countries have repaired relations with regional rivals Turkey and Qatar, and both have reached out to Iran. They have also significantly reduced their military activity in Yemen, where they fought the war seven years ago.

Analysts say this is a new approach to ensuring regional stability, primarily by boosting major economies across the Middle East through investments that are closely linked to their financiers. “The current structure certainly evolved from the days when hard power was seen as more effective,” said Ayham Kamel, head of the Middle East and North Africa research team at Eurasia Group.

The de facto ruler of Saudi Arabia, Crown Prince Mohammed bin Salman, announced last week that the Public Investment Fund is establishing five regional companies worth $24 billion across the Middle East.  From infrastructure and real estate development to communications and technology, the new investments of the Public Investment Fund are targeting Bahrain, Iraq, Oman, Jordan, Sudan and Egypt.

Some of these countries experienced political turmoil when the “Arab Spring” uprisings of 2011 rocked the region more than a decade ago. Other countries are still caught up in the economic and political chaos that has resulted. “This is part of the soft and sticky power aspect of a strategic and tactical departure from the decade of confrontation and conflict initiated by the Arab Spring,” said Hussein Ibish, a senior resident scholar at the Arab Gulf States Institute in Washington.

 He told CNN that countries that "have projected their power in the Middle East, including Saudi Arabia and the United Arab Emirates - with the partial exception of Iran - have found themselves stressed and somewhat exhausted after a decade of confrontation."

The Public Investment Fund's announcement came on the second day of the Future Investment Initiative in Riyadh. In a statement, the Public Investment Fund said that it is pursuing a "strategy to search for new investment opportunities in the Middle East and North Africa." He added that the investments are also aimed at "diversifying Saudi Arabia's revenue sources."

The past year has been generally good for state-owned investors around the world, according to the 2022 annual Global SWF Report, as the size of the sovereign wealth fund industry expanded by 6% in 2021 and for the first time in history crossed the $10 trillion mark.

Emirati wealth funds in particular are at the forefront of the industry. Global SWF said the Gulf state manages about $1.3 trillion through its four funds.

Egypt was one of the main regional investment destinations for both Abu Dhabi and Riyadh. It witnessed nationwide protests in 2011, which led to the overthrow of Hosni Mubarak's rule. To the dismay of the Gulf states, the events that followed led to the brief emergence of the Muslim Brotherhood, an Islamist political group viewed with suspicion in Saudi Arabia and the UAE, and now considered a terrorist organization by both sides.

Unrest erupted in Egypt more than a decade ago in part because of the country's economic problems. Today, the Egyptian currency is depreciating again and inflation is rising as the authorities try to keep the economy afloat by securing loans from the International Monetary Fund.

In August, Abu Dhabi Development Holding Company (ADQ), one of the emirate's wealth funds, announced a number of investments in publicly listed companies in Egypt, "based on its long-term commitment to investing in the country's economic growth through its strategic joint investment platform." It's worth $20 billion."

The Public Investment Fund of Saudi Arabia also launched the Saudi Egyptian Investment Company (SEIC) in August, a company dedicated to investments in several vital sectors of the Egyptian economy. SEIC bought stakes worth $1.3 billion in four Egyptian companies.

The financial diplomatic hand of the Gulf states has already proven effective in some countries. Turkey was once a regional competitor, and is now an economic ally of Saudi Arabia and the United Arab Emirates. “Even with adversaries, Gulf countries now see their financial assets as potentially important levers in building bridges and stimulating more moderate policies in these countries,” Kamel said. "The rapprochement with Turkey has brought valuable investments or financial injections," he added.

In the face of a severe currency crisis at home, repairing relations with Saudi Arabia and the United Arab Emirates comes at an opportune time for Ankara.

Last year, the UAE established a $10 billion investment fund to "support the Turkish economy and enhance bilateral cooperation between the two countries." This was followed by a number of other agreements between the UAE's ADQ and the Turkish Wealth Fund (TWF), with significant investments in venture capital and high-growth potential companies planned in Turkey.

In October, Saudi Trade Minister Majid bin Abdullah al-Qasabi said his country's investments in Turkey now amount to $18 billion, according to the Saudi Gazette, adding that the Public Investment Fund is looking forward to more investment opportunities there.

Analysts say that despite improved political relations, Gulf investments in Iran and Syria are currently unlikely. But there are signs of a growing economic relationship with it. The Tehran Times reported that Iran and the UAE are targeting $30 billion in annual trade within the next two years from $20 billion this year. Earlier this year, Syrian TV reported that the UAE was weighing investments in the country, without providing details. But these kinds of economic partnerships may go a long way in helping to protect the Gulf states from future turmoil and conflicts with their neighbors.

Ibish says that “infrastructure integration” can help “reduce the risk of conflict by creating mutual interests and interdependence,” giving countries strong incentives to avoid confrontation.LINK

Iraqi News Highlights Late Friday Evening 11-4-22

Iraqi News Highlights Late Friday Evening 11-4-22

Tlm724 Administrator Bondlady’s Corner

Parliamentary Finance Clarifies About The Return Of The Dollar Exchange Rate

Information / Baghdad... A member of the Parliamentary Finance Committee, Jamal Koger, said on Friday that  the change in the dollar exchange rate is related to the decisions of the central bank, pointing out that  the bank has assurances that the exchange rate will continue without any change at least during the next year.

"Going in the direction of changing the dollar exchange rate is not possible, and this was confirmed by the central bank as the official body concerned with this issue," kuger told Al-maalouma.

"The central bank's assurances that the current exchange rate will remain constant indicates that the exchange rate will continue to be set next year without any change," he added.

"The talk by some MPs about going towards devaluing the dollar against the dinar is just statements, especially since there are those who do not know the official body authorized to make this change," he said.

Prime minister Mohammed al-Sudani had confirmed earlier that the exchange rate relates to the central bank as the authorized body to change the value of the dinar against the dollar, amid demands from some political parties to make the change

https://almaalomah.me/news/economy/المالية-النيابية-توضح-بشأن-إعادة-سعر-صرف-الدولار

The Association Of Banks Weighs The Figures Of The 2023 Budget Expenditures And The Reserves Of The Central Bank

Yesterday's economy, 12:24   Baghdad-WA-Mustafa al-Hashimi  The adviser to the Association of Iraqi private banks Samir Al-nusairi predicted on Friday that the expenses within the federal budget law for the fiscal year 2023 will not be less than 125 billion dollars, taking advantage of the abundance available in the state treasury.

Al-nusairi told the Iraqi News Agency (WA):

"it is necessary to maintain the growth rate in GDP according to the expected 9.3% and

the central bank continues to  maintain the stability of the current exchange rate and

not change it at all, and

maintain its foreign reserves, which are expected to reach more than 90 billion dollars over the next two months,"

stressing the need not to interfere in the monetary policies adopted by the Central Bank of Iraq to contribute to stimulating and stimulating the economy and achieve its goals set out in its law in force.

He called for  "preparing a draft budget law and sending it to the Council of ministers for discussion and approval and then submitting it to the House of Representatives before the first of December 2022, bypassing the previously approved methods of balancing items and figures and moving to balancing investment and production programs and plans so that the government can work and start implementing the economic reform programs contained in the government curriculum".

"I expect that next year's budget expenditures will not be less than 125 billion dollars, taking advantage of the abundance available in the state treasury, at an oil price ranging between 70-75 dollars per barrel and with a production and marketing ceiling not less than the one achieved for 2022, taking advantage of the abundance available in the Treasury now," Al-nusairi continued, proposing

"the implementation of a new program and approach to financial reform starting from reducing general government spending and a comprehensive adjustment of the salary ladder to achieve societal justice, and

overcoming the wide disparity between grades and job positions according to the principle of redistributing income fairly the societal balance between higher and lower salaries according to responsibility, competence, professional and scientific experience،

As well as reducing the salaries and allocations of social benefits to the three presidencies, independent bodies, special degrees and their pensions of those who previously worked in these positions since 2003,"he said.

He stressed "the importance of

coordination between the financial and monetary policies to maintain the stability of the exchange rate,

maintain the standard adequacy of the central bank's foreign reserves,

avoid external and internal borrowing and

achieve financial sustainability".  He pointed out

"the need to

stimulate and encourage the private sector and involve it in managing the economic process, as well as

stopping the import of luxury items and

limiting imports to ration card items, medicine and medical supplies, while

increasing the food basket of the Iraqi family in quantity and quality, and

building a strategic store of food for at least three months," pointing to

"the need to work on the establishment of the sovereign fund by benefiting from financial savings and managing its assets and investments by the Central Bank of Iraq.

https://www.ina.iq/169556--2023-.html

Specialist: 3 Reasons Why Iraq Is Completely Dependent On Iranian Gas

331 economy 2022/11/04 20:24   Baghdad today-Baghdad  Energy expert Mazen Al-Saad commented on the possibility of providing Iraq with enough gas to operate electric power plants, while pointing out that the total dependence lies on the import of Iranian gas because the refinery does not meet the need.

"The gas provided by some refineries in Iraq does not meet the need of the Ministry of electricity to operate the stations, and therefore the total and main dependence on the import of Iranian gas,"Al-Saad told Baghdad today.  Al-Saad stressed that

"Iraq can abandon Iranian gas, if there is a real national will to produce gas locally by Iraqi refineries, "but"poor planning, management and even corruption have made Iraq unable to complete this step.  He added that

"Iraq's oil potential forces it to be the exporter of gas in the region and the world, not an importer,

but poor planning and management made Iraq late in completing this step, which could save it a lot of money in supporting its annual budget significantly.

https://baghdadtoday.news/news/205233/مختص-3-أسباب-تجعل-العراق

Digital Accounts: There Is Only 5 Billion Dollars Left From The Financial Surplus In The Treasury!

711 economy 2022/11/04 Baghdad today-Baghdad  The financial accounts of the Iraqi state during the 9 months of this year showed the total revenues and expenditures of the state, while an economist explained that the remaining financial surplus does not exceed 7.4 trillion dinars.

The Economist Nabil al-Marsoumi, based on the figures of the financial accounts of the state, said in a blog post (Baghdad today) that

"the financial accounts until September 2022, public expenditures amounted to 78.752 trillion dinars, including operating expenses amounted to 72.810 trillion dinars, and investment expenses amounted to 5.942 trillion dinars".

He explained that "the ratio of operating expenses to general expenses amounted to 92.4%, while the general revenues amounted to 122.976 trillion dinars, including oil revenues amounted to 117.837 trillion dinars, and non-oil revenues amounted to 4.958 trillion dinars".

He pointed out that   "the ratio of oil revenues to public revenues amounted to 95.8%".

He explained that  "the account surplus resulting from public revenues – (public expenditures + Advances), shows that the account surplus = 122.957 – 90.608 = 32.349 trillion dinars".  He pointed out that

"the actual surplus after subtracting the amounts allocated for food security of 25 trillion dinars = 32.349 -25 = 7.349 trillion dinars,"

which means that the actual surplus currently does not touch the 7.4 trillion dinars, which represents only 5 billion dollars. https://baghdadtoday.news/news/205242/حسابات-رقمية-لم-يتبق-من-

To Organize The Disbursement Of Funds.. Al-Sudani Directs The Completion Of The Establishment Of The Unified Treasury Account

417 policy 2022/11/04 15:34  Baghdad today _ Baghdad   Prime minister Mohammed Shiaa al-Sudani, on Friday, directed the completion of the necessary procedures to establish a unified Treasury account.

The general secretariat of the Council of ministers said in a brief statement received (Baghdad today), that

"Prime Minister Mohammed Shiaa al-Sudani, Mr. Mohammed Shiaa al-Sudani, directed during the second regular session of the Council of ministers, held on 1/11/2022,

the Ministry of finance to take the necessary measures as soon as possible; to complete the procedures for establishing the unified Treasury account, in order to secure the seizure of funds in the state, and regulate their disbursement. https://baghdadtoday.news/news/205221/لتنظيم-صرف-الأموال-السود

Nassif Confirms The Identification Of Periods During Which "Idle Money"Was Stolen

Transcript: 3 of the companies involved in the theft of fake tax trusts   Information / Baghdad...  A member of the Parliamentary Integrity Committee, Alia Nassif, confirmed that her committee, along with the parliamentary finance committee, worked to determine the time periods during which idle funds were stolen, pointing out that continuing to audit all files suspected of corruption.

Nassif told Al-Malouma that  "the Parliamentary Finance Committee, in the presence of members of the integrity committee, worked to conduct an audit of the customs file and reached the determination of the periods during which the amounts were stolen, whether at customs or other inactive funds or belonging to the central bank, where the move was made towards it.

"The director general of Customs is new in his position and was summoned, although he is far from the subject of thefts, and he was checked with him on the files mentioned," she added.

She pointed out that  "files should not be opened in order to get opponents to positions or remove a person from office in order to give it to another person for an excuse,

but rather work should be towards referral to the judiciary to prove corruption and evidence in this regard

https://almaalomah.me/news/economy/نصيف-تؤكد-تحديد-الفترات-التي-تم-خلالها-سرقة-الأموال-الخاملة

The Discovery Of Unmarked Oil Fields At The Ministry Of Oil In Anbar

Information/ Anbar..  The director of the Jabba municipality department in Anbar province, Qatari al-Obeidi, revealed on Friday the discovery of dozens of oil and gas fields not indicated by the Ministry of oil in the areas of the western Anbar desert.

"The employees of the oil exploration company were surprised to discover dozens of oil and gas fields in the western regions that are not indicated by the Ministry of oil, which called on the concerned company to summon more seismic teams to conduct exploration operations for areas that were not included among the areas rich in oil derivatives, phosphates and other minerals, "al-Obeidi said in a statement to the Information Agency.

He added that "the recent surveys conducted by the oil exploration company proved that the western regions are floating on a lake of oil and gas fields comparable to what exists in the Gulf countries, indicating that

"moving forward with exploration operations will contribute to the discovery of new fields not indicated by the Ministry of oil.

"The Ministry of oil has sent new seismic teams to the western regions against the background of the annexation of other regions that have proved to be rich in oil derivatives and minerals, "he explained.

It is noteworthy that a local official confirmed earlier the discovery of 9 new oil and gas fields not indicated by the Ministry of oil during exploration operations in the desert areas of the al-Baghdadi District of hit province, west of Anbar, "he said.

https://almaalomah.me/news/economy/اكتشاف-حقول-نفطية-غير-مؤشرة-لدى-وزارة-النفط-في-الانبار

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

 https://www.bondladyscorner.com/

MilitiaMan Thoughts: "Exciting Times Ahead!" 11-5-2022

KTFA:

MilitiaMan:  The Iraqi president refuses to accept Al-Maliki as his deputy, and the Sudanese is keeping the security institutions away from the control of the militias

MilitiaMan: This is a welcome sight to behold I will bet by many an Iraqi. I am sure there could be some blow back from this but, with what we have seen in the outcome of the fresh new GOI with it's PMs cabinet seated suggests that the PM Sudani is playing the line that was drawn in the sand by Al-Sadr.

We wouldn't be in the place we are in now with out there having been agreements made.

The GOI has forward movement and an agenda likely with timelines to be complete and along side and in tandem with the CBI.

Any interference now will likely not be tolerated. We have seen significant arrests of late. That could continue on into the future. The new system will be a part of that, hence the latest intensity we see for the push against corruption. 

MilitiaMan Cont…….In the mean time lets see how the GOI and the CBI play their cards. The Kurds have agreements on the table too. They have an expectation of being a part of the second half of the 2022 Budget or EFSL designed to be outside of the Elite Politicians hands, yet for investment they are a part of that.

The amounts of money for investment are in the tune of $80 - $115 Billion.. Yep, with a capital B.

The Kurds didn't take part in the first half of the operational side of things in the EFSL, so with that amount of money being sliced and deals to possibly skirt constitutional rulings, is very interesting. 

 The UN, USA, etc, have been in those talks. The talk of no new contracts and present law suits being put to the side with respect to the Kurds makes me feel deals have been on the table for some time and are just now getting to the finer points if you will. The HCL is one of those finer points (Hydro carbon Law)

There needs to be clarity and some of the past may muddy the waters, hence no need for change with new VPs. The PM knows the score. I suspect the leader of the CF is now fully aware that times have changed..  

Lets see what the days bring. We know there is ample talk of the budget being done in days. To that I am of the view they are talking about the EFSL (Emergency Food Security Law)  prior to the 2023 being adjusted and completed.

The 2022 budget / EFSL wil have to play out the 2nd half prior top the 2023. We know they audited the 2003 - 2021. This time is different than in the prior few years. The 2019 FML saw to that.

The EFSL is different ball game..  IMO.. This all bodes very well for all.. imo ~ MM

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Planning announces the start of preparing the 2023 budget

Thursday 03 November 2022 

 The Ministry of Planning announced today, Thursday, that it will start preparing the 2023 budget, while it clarified about resolving its ceilings, and confirmed that it will work to reconcile the government's priorities and its ministerial program when writing it.

Deputy Minister of Planning Maher Hammad said, "The Ministry of Planning informed the Ministry of Finance that it will start preparing the budget for the next year," noting that "the 2022 budget that was prepared previously will be changed and amendments will be made to it for many considerations, including changing the situation and the government," noting that "we will work to make a consensus." With the government's priorities, program and ministerial curriculum in budget writing.

He added, "We are currently working in detail, as we communicate with the Ministry of Finance on the details that pertain to the common sides, whether as investment budget items or as loans," noting that "the budget ceilings have not been determined so far."

He continued, "The ceilings were set during the ministry's meeting with the Ministry of Oil, the Central Bank and the Ministry of Finance, which shows the amount of production and export of oil and the expected price per barrel, and is reflected on the budget divisions and its needs," noting that "the Ministry of Finance needs greater efforts because it provides all operational amounts." In addition to the issue of appointments, contracts and the lack of salaries, in addition to many details such as electricity and gas provision for energy."

He stated, "This topic takes time in order to organize and arrange and take into account the heads of the main points or directions of the government," explaining that "the ideas of the Prime Minister are reflected in the government program and thus are reflected on us in the procedures."LINK

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

MilitiaMan:  So the Ministry of Planning is preparing the 2023 budget and they note there is to be a resolution to budget ceilings and they confirm they're to reconcile government priorities.

Well the government needs to have reconciliation within their budgets from 2003 to present that are a part of those priorities. That would be from 2003 - 2021 and through the 2022 budget too!! They are likely to have 2022 specifically done by now or we  wouldn't be this close to having the 2023 budget ready to be completed. 

The main players tell us the 2022 budget was previously prepared and that it will be changed with amendments.

They told us that during the EFSL process to the best of my recollection to on the table to do. Sadr would not have resigned with out that bit with the EFSL being sorted in the agreements.

They say there will be many considerations, including changing the "situation and the government". Those two items are clearly CBI and GOI related... The "situational" aspect? Is imo likely to do with economic and monetary reforms, and the latter, it being the implementation of government policy, which is to set the former in motion (MR).

They need to have the data on dollar/dinar amounts to be reflected in the spreadsheets pricing grids. 

The ceilings set or yet to be set is hard to decipher, as they do say both above. Set and not set? lol I'll go with they were set, as they invoke the MOO,(Minister of Oil?)  the CBI and the MOF. They all would know if it is done by now.

They would know the monetary statistics necessary to reflect the amounts of production, price per barrel of oil and it's divisions and it needs, etc. The MOF (Minister of Finance) has to be accurate in the details.

They will adjust the figures in the budget to reflect exchange rate changes, fairly simple. If that is the case, many people will need to know the calculations to input from the 2022 reconciled budget to be placed into the data set for the 2023..

The expectation is that according to data will not be long from now.. Imo... I really like the data they are putting out to support this view.. A lot!!! ~ MM

Samson:  A completely new draft.. What is the relationship of the Russian-Ukrainian war to Iraq's budget for 2023? 

4th November, 2022

The economic expert, Salam Sumaisem, confirmed today, Friday, that the new government will prepare a new draft of the 2023 budget bill and will not depend on the previous government’s draft because of different visions, while noting that the consequences of the Ukrainian-Russian war will affect the price of a barrel of oil that will be estimated in the budget.
 

Sumaisem told (Baghdad Today) that "the new government will prepare itself the draft budget law, as the government program needs a budget that differs from the draft prepared by the previous government," explaining that "the Sudanese have goals that he will work to implement through some exchange gates in the budget, especially related to investment funds and social expenditures related to poverty and unemployment.

She explained, "The dates for sending the draft budget law by the government to Parliament are related to constitutional issues, especially since the 2023 budget is supposed to be ready before starting in 2023," while Salam believes that "the price of oil in the budget will be linked to many factors, the most important of which are the conditions of the Ukrainian-Russian war." Especially as we approach the winter season.  

She pointed out that "Iraq is used to setting the barrel's price significantly lower than its original price, and the financial surplus will be rounded for the next year, but we always do not know where these surplus funds go because there are no final accounts that reveal their fate."

She concluded by saying that "the 2023 budget is supposed to be different, especially in the development aspect, and not be different in the aspects of current spending, that is, the increase in expenditures and salaries only. The financial abundance should be a reason to increase development funds, until we notice an improvement in the file of food, health and social security reduce poverty and unemployment.

In previous statements, Finance Minister Taif Sami confirmed that "one of the most important priorities of the new government and the ministry is to present and approve the draft general federal budget for the year 2023." The Iraqi Prime Minister, Muhammad Shia Al-Sudani, directed that the draft financial budget law for the next year 2023 be sent as soon as possible.  LINK

==============

MilitiaMan:  As we talked about earlier. There are two sides of the 2022 budget. There is the operational side (social expenditures) and the investment side. They tell us the have to have the 2023 budget done before implementation. They go on to say that the budget is linked to many thing including not only oil, but the borders, LNG, minerals, tourism, etc. etc. They say there are no final accounts? I feel that is likely to be a past circumstance and not present any longer. We know the past has been audited and or being finalized noted by the 2022 budget being finalized. imo ~ MM

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Samson:  Parliamentary Finance reveals the date for the arrival of next year’s budget

4th November, 2022

Today, Friday, the Parliamentary Finance Committee announced the date of the arrival of the financial budget for the next year, noting that its delay was due to the submission of requests related to transferring it from items to a program budget.

Committee member Jamal Cougar told (Baghdad Today) that "the financial budget will reach Parliament at the end of this month," noting that "Minister of Finance Taif Sami is the one who prepared the budget while managing this file, and accordingly there will be no delay in completing it quickly and sending it from the government to Parliament."

Prime Minister Muhammad Shiaa al-Sudani called for the completion of the budget and sending it to the Council of Ministers to vote on it and send it to Parliament. LINK

MilitiaMan:  So it looks as though the may have done the transferring of items to a program budget. They need to have the calculations from the reconciled 2022 budget to the next 2023 budget. If  that is the case.. Exciting times are ahead.. Lets see what the CBI has to say too... ~ MM

"Tidbits From TNT" Saturday Morning 11-5-2022

TNT:

Harambe:  Vietnam likely be among Asia’s fastest growing economies next year: WSJ |

11/4/22

Vietnam will likely be among Asia’s fastest growing economies next year, despite a weaker currency and falling foreign reserves, according to a recent article published on the Wall Street Journal (WSJ).

According to the author, Megha Mandavia, after the tough years of 2020 and 2021, Vietnam spent much of 2022 in the sweet spot - still-low inflation and rapid growth.

Times will get a bit tougher now, but the country is poised for fast growth next year - Natixis is forecasting 6.5%, while Capital Economics expects more than 7% - and the weakening currency may help soften the blow from weaker export demand.

The article assessed that the situation could get even trickier for Vietnam if the world slides into a recession. However, thanks to investments in infrastructure, aggressive trade liberalisation and relatively cheap wages, its manufacturing engine remains intact.

Vietnam also has the advantage of starting from an enviable growth position: roaring at 13.7% year on year in the third quarter of 2022 on the back of strong exports to the US.

The author noted that the country has also been partly insulated from the global surge in food prices - it is among the leading rice producers and exporters globally.

https://en.vietnamplus.vn/vietnam-likely-be-among-asias-fastest-growing-economies-next-year-wsj/243331.vnp

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Harambe:  World Bank ready to help Vietnam with sustainable economic development |

 11/4/22

Vietnam should come up with solutions to bring benefits for short, mid and long-terms, helping the economy to develop stronger towards becoming a high-income country by 2045, said Global Director of the World Bank (WB) Group's Macroeconomics, Trade and Investment Global Practice Marcello de Moura Stevão Filho.

In a meeting in Hanoi on November 4 with Politburo member, Chairman of the Central Theoretical Council and President of the Ho Chi Minh National Academy of Politics Nguyen Xuan Thang, Filho said short-term solutions to stabilise the economy at the moment could undermine long-term goals.

According to the official, there are many ways to develop a sustainable economy in a long term and Vietnam has taken proper actions so far.

He said the WB is ready to work with the country to build Vietnam Report 2045, adding that it will strive to seek necessary resources to conduct the study in the coming time.

Thang said Vietnam advocates addressing immediate issues like culture, economy, politics, security and external affairs in order to create a premise for dealing with long-term matters.

Ensuring security, welfare and health of people is always the goal in every step and policy of Vietnam, he said, adding that it requires huge resources to deal with both social and economic development issues.

Thang also stressed the need to protect a peaceful environment and achieve harmonious, sustainable development in a changing world as inflation, natural disasters, floods and epidemics are affecting economic growth of many countries, including Vietnam.

https://en.vietnamplus.vn/wb-ready-to-help-vietnam-with-sustainable-economic-development/243344.vnp

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

Tishwash:  Economist: The Sudanese program is balanced and real if implemented correctly

The expert in economic affairs, Raad Twij, said that Prime Minister Muhammad Shia Al-Sudani presented his new government program, "which is balanced, real, and feasible", calling for the help of influential economists to implement this 

program . "The new government inherited great economic files that are the accumulations of previous periods, where the economic aspect was neglected, as we see in the failure to implement the white paper, and the deterioration of the level of economic consultations, which requires opening executive and advisory economic windows to change the economic reality in Iraq," noting: The new Sudanese government program is balanced, real, and feasible."

He pointed out that "the Sudanese program presents a new economic reality that will reflect positively on the country's economy, if implemented correctly, especially what the World Bank expects of high growth rates for the Iraqi economy in 2023, equivalent to 4%."

The economist predicted: "Iraqi economic growth rates will rise more than 4%."  link

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

Tishwash:  Parliamentary calls for the government regarding the budget: boost revenues and reduce expenditures

A member of the Parliamentary Finance Committee, Nazim Al-Shibli, called on Saturday, the government of Prime Minister Muhammad Shia Al-Sudani to expedite sending the draft budget law for the next year to the House of Representatives. 

Al-Shibli said in an interview with "Information", that "the budget for the year 2023 should be a budget for services in which it enhances revenues and reduces expenses."

He added that "there is a tendency by the Parliamentary Finance Committee to establish a special fund for each governorate aimed at activating basic services such as health, education, roads and bridges." Al- Shibli
pointed out that "the budget should include plans to support strategic projects," noting that "the Financial Management Law stipulates that the budget must be submitted in mid-October." 

He takes his mechanism in voting and approving.  link

Mot:  ooooh Noooo - Aint gunna Sleep Tonight figuring This un OUt! ~~~

Mot:  ~ Found the Perfect Way to Do These Excercises I Did!! ~~

Iraqi News Highlights Friday Afternoon 11-4-22

Iraqi News Highlights Friday Afternoon 11-4-22

Tlm724 Administrator Bondlady’s Corner

Al-Sudani: A Package Of Directives To Strengthen The Performance Of The Implementation, Legislation And Oversight Systems, Including Working To Recover Iraqi Funds Abroad

Friday 04 November 2022 16:38 | political Number of readings: 222  Baghdad / NINA / - The Prime Minister, Muhammad Shiaa Al-Sudani, during the second regular session of the Council, held on November 1, 2022, directed the relevant authorities to take what is required, each according to its competence; To implement the following…

1. Enable the House of Representatives to perform its legislative and oversight role, and to communicate with parliamentary committees within its constitutional duties in legislation and oversight.

2. Create a clear vision; To administer the ministry, review and simplify procedures for citizens’ transactions.

3. Granting sufficient space for professional media to cover the minister's tours and the ministry's activities.

4. The Ministry's coordination with the relevant authorities; To prepare the government program for the Ministry within a maximum of three weeks, starting from the date of issuing this directive; To be discussed and approved by the Council of Ministers, taking into account not to expand the government program.

5. Coordination of the members of the Cabinet, with the Governors; To overcome the obstacles faced by the provinces.

6. Urgently review the Ministry's budget, give priority to lagging and stalled projects, and end their problems.

7. Evaluating the performance of employees in a fair scientific and professional manner, and sorting out the good among them and rewarding them; To be effective tools and support for the work of the Minister in the Ministry.

8. Check the contracts signed by previous governments, and verify their integrity, in accordance with the controls and instructions in force.

9. Processing the notes of the Federal Office of Financial Supervision, according to the specified timelines.

10. Cooperating with the Federal Integrity Commission, and facilitating the performance of its work tasks.

11. Emphasizing the importance of recovering Iraqi funds abroad that were obtained by some persons illegally, in coordination between your ministry and the Ministry of Foreign Affairs, and adopting this as an important criterion in establishing political and economic relations with countries.

12. Single Window Confirmation; To facilitate the work of investors and to stay away from routine.

13. Activating the work of the amended Iraqi Products Protection Law (11 of 2010); To support the local product.

14. Activating the revised Export Fund Support Law (6 of 1969), facilitating export procedures and supporting exporters; to revitalize the private sector.

15. Supporting the tourism sector, by activating the work of the Council of Ministers Resolution (154 of 2022)../End of 5    https://ninanews.com/Website/News/Details?key=1011934

Will Iraq Use An International Team To Investigate The Theft Of The Century?

Political | 06:11 - 04/11/2022   Special - Mawazine News, Representative of the State of Law coalition, Muhammad Al-Sihoud, revealed, on Friday, the possibility of Iraq using an international team to investigate the theft of tax authority funds, known in the media as "the theft of the century."

Chihod said in an interview with "Mawazine News" that "the local expertise and the investigators in the Integrity and Financial Control Commission are specialists in the field, and that this file was strongly adopted by the Prime Minister," noting that "the case has many details that are not intended to be announced, so as not to influence the situation." The investigations are progressing, and there is no need to recruit or participate in any external team or investigator.”

He pointed out, "The heavy legacy of corruption left by the Al-Kazemi government is great, and this legacy is normal, from the point of view of the safety of punishment, and literature has become worse." Ended 29    https://www.mawazin.net/Details.aspx?jimare=210225

Iraq Is Expanding Its Share In The European Oil Market

Economie| 11:22 - 04/11/2022   Baghdad - Mawazine News   The Iraqi Oil Marketing Company "SOMO" intends to expand its share in the European market amid the decline in Russian imports to the region and its need to provide alternatives.

Alaa Al-Yasiri, head of the company, said that "the work mechanisms of the Oil Marketing Company are focused on ensuring the preservation of the marketing shares of Iraqi crude oils in the most important global crude oil markets, such as Asia, America and Europe."

He added, "The company is currently working on expanding its share in the European market, investing in the decline in Russian imports to this region and its need to provide alternatives."

In a related context, Iraq's oil revenues rose during the month of October by 20.8 percent on an annual basis, supported by the increase in oil prices and the amount of exports.

According to a statement by the Iraqi Oil Ministry, oil revenues amounted to about $9.3 billion.

It is noteworthy that Iraq is the second largest producer of crude oil in the Organization of Petroleum Exporting Countries after the Kingdom of Saudi Arabia, with an average daily production of 4.6 million barrels.   https://www.mawazin.net/Details.aspx?jimare=210192

Low Oil Prices

Economie| 08:45 - 04/11/2022   Follow-up - Mawazine News:  Oil prices fell in early transactions, today, Friday, continuing the losses of the previous session, due to fears of raising US interest rates at a greater rate than expected before, as well as new fears of the “Covid-19” outbreak, which will undermine the demand for fuel. In China.

Brent crude futures fell 22 cents, or 0.2%, to $ 94.45 a barrel, after falling 1.5% in the previous session, with contracts heading for a decline of more than 1% this week.

And West Texas Intermediate crude futures fell 27 cents, or 0.3%, to $ 87.90 a barrel, adding to a 2% decline in the previous session, but it is heading towards ending the week on a stable basis.

Fears of a recession in the United States, the world's largest oil consumer, grew on Thursday after Federal Reserve Chairman Jerome Powell said that it was "too early" to consider stopping raising interest rates.   https://www.mawazin.net/Details.aspx?jimare=210182

Dollar Exchange Rates In Local Markets

Economie| 09:50 - 04/11/2022   Baghdad - Mawazine News  The dollar exchange rates witnessed, today, Friday, stability in the local markets.

And the selling prices of the dollar were 146.600 dinars per 100 dollars, while the purchase prices of the dollar were 146.500 dinars per 100 dollars.   https://www.mawazin.net/Details.aspx?jimare=210187

Disclosure Of An Audit Process Against Six Banks And An Exchange Company

Economy    2022-11-03 | 23:18  Origin:  Sumerian news  4,291 views   An informed source revealed, on Thursday, the existence of an audit process against six banks and an exchange company and stopping them from dealing in dollars.

"There is an audit process regarding 6 banks and an exchange company and stopping them from dealing in dollars," the source said in an interview with al-Sumaria News.  The source added that

"this matter does not include the dealing of these parties in the Iraqi dinar".

https://www.alsumaria.tv/news/اقتصاد/437089/الكشف-عن-عملية-تدقيق-بحق-ستة-مصارف-وشركة-صرافة

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

 https://www.bondladyscorner.com/

Friday Early AM Iraq Parliament News Highlights 11-4-22

Friday Early AM Iraq Parliament News Highlights 11-4-22

Al-Sudani’s office reveals the details of the phone call with the US Secretary of State

Politics| 08:23 - 03/11/2022    Baghdad - Mawazine News, Thursday, the office of Prime Minister Muhammad Shia Al-Sudani revealed the details of the phone call between the latter and US Secretary of State Anthony Blinken.

Al-Sudani's office said in a statement that Mawazine News received a copy of it, that "Prime Minister Muhammad Shiaa al-Sudani received, today, Thursday, a phone call from US Secretary of State Anthony Blinken, where he offered his congratulations to the Prime Minister on the occasion of forming the government and assuming his duties."

He added, "The call witnessed an emphasis on the importance of strengthening and developing relations between Iraq and the United States of America in various fields, and the two sides discussed mutual commitment to the strategic framework agreement between the two countries and common interests in maintaining Iraq's security, stability and sovereignty."

Blinken stressed, according to the statement, "the United States' keenness to work with the government and people of Iraq to increase economic opportunities, enhance Iraq's energy independence and address the climate crisis, and reiterated the US government's commitment to supporting Iraq in its war against and defeating ISIS terrorist gangs."

The US Secretary of State welcomed "Al-Sudani's call to achieve reforms and his pledge to fight corruption." Ended 29 / h   https://www.mawazin.net/Details.aspx?jimare=210155

Al-Sudani And Blinken Discuss The Strategic Framework Agreement

Policy   2022-11-03 | 13:24   2,239 views   Today, Thursday, Prime Minister Muhammad Shia Al-Sudani discussed with US Secretary of State Anthony Blinken the Strategic Framework Agreement.

The media office of the Prime Minister said in a statement received by Alsumaria News, "Prime Minister Muhammad Shiaa Al-Sudani received a phone call from US Secretary of State Anthony Blinken, where he offered his congratulations to the Prime Minister on the occasion of forming the government and assuming his duties."

He added that "the communication witnessed an emphasis on the importance of strengthening and developing relations between Iraq and the United States of America in various fields, and the two sides discussed mutual commitment to the strategic framework agreement between the two countries and common interests in maintaining Iraq's security, stability and sovereignty."

The media office indicated that "Blinken affirmed the United States' keenness to work with the government and people of Iraq to increase economic opportunities, enhance Iraq's independence in the field of energy and address the climate crisis, and renewed the US government's commitment to supporting Iraq in its war against and defeating ISIS terrorist gangs."

And he indicated that "the US Secretary of State welcomed Al-Sudani's call to achieve reforms and his pledge to fight corruption."   LINK

Al-Sudani and Al-Abadi affirm the government's support in implementing its reform and service program[/size]

Politics| 04:20 - 03/11/2022     Baghdad - Mawazine News, Prime Minister Muhammad Shia Al-Sudani received, on Thursday, the head of the victory coalition Haider Al-Abadi.

Al-Sudani's office said in a statement that Mawazine News received a copy of it, that "during the meeting, the overall general situation in the country was discussed."

He added, "It was also emphasized that the Sudanese government's support in implementing its reform and service program, in a manner that meets the needs of Iraqis and the development of the country." Ended 29 / h   https://www.mawazin.net/Details.aspx?jimare=210122

Iraq And The United States Stress The Importance Of Strengthening And Developing Relations In Various Fields

Today, Thursday, Prime Minister Muhammad Shia Al-Sudani and US Secretary of State Anthony Blinken stressed the importance of strengthening and developing relations between Iraq and the United States of America in various fields.

The media office of the Prime Minister stated in a statement: "Today, Al-Sudani received a phone call from Blinken, where he offered his congratulations to the Prime Minister on the occasion of forming the government and assuming his duties."

He added that "the call witnessed an emphasis on the importance of strengthening and developing relations between Iraq and the United States of America in various fields, and the two sides discussed mutual commitment to the strategic framework agreement between the two countries and common interests in preserving Iraq's security, stability and sovereignty."

Blinken affirmed, according to the statement, "the United States' keenness to work with the government and people of Iraq to increase economic opportunities, enhance Iraq's energy independence and address the climate crisis, and renewed the US government's commitment to supporting Iraq in its war against and defeating ISIS terrorist gangs."

The US Secretary of State welcomed Al-Sudani's call for reforms and his pledge to fight corruption.

https://kirkuktv.net/AR/Details/10323

Al-Sudani’s Office Reveals The Details Of The Phone Call With The US Secretary Of State

Politics| 08:23 - 03/11/2022   Baghdad - Mawazine News, Thursday, the office of Prime Minister Muhammad Shia Al-Sudani revealed the details of the phone call between the latter and US Secretary of State Anthony Blinken.

Al-Sudani's office said in a statement that Mawazine News received a copy of it, that "Prime Minister Muhammad Shiaa al-Sudani received, today, Thursday, a phone call from US Secretary of State Anthony Blinken, where he offered his congratulations to the Prime Minister on the occasion of forming the government and assuming his duties."

He added, "The call witnessed an emphasis on the importance of strengthening and developing relations between Iraq and the United States of America in various fields, and the two sides discussed mutual commitment to the strategic framework agreement between the two countries and common interests in maintaining Iraq's security, stability and sovereignty."

Blinken stressed, according to the statement, "the United States' keenness to work with the government and people of Iraq to increase economic opportunities, enhance Iraq's energy independence and address the climate crisis, and reiterated the US government's commitment to supporting Iraq in its war against and defeating ISIS terrorist gangs."

The US Secretary of State welcomed "Al-Sudani's call to achieve reforms and his pledge to fight corruption." Ended 29 / h    https://www.mawazin.net/Details.aspx?jimare=210155

The Framework Declares Its Support For The Steps Of The Sudanese And Stresses The Lifting Of Injustice Against The Iraqi People

Politics| 07:31 - 03/11/2022   Baghdad - Mawazine News, Thursday, the coordination framework announced its full support for Prime Minister Muhammad Shia Al-Sudani in combating corruption and providing services.

In a statement received by Mawazine News, the framework stated that it "held its regular meeting today, in the presence of the Prime Minister, to discuss the latest political developments in the country," expressing "full support for the Prime Minister in combating corruption and providing services."

The framework praised "the government's orientation in the service aspect that the citizen needs and the correct start in implementing the ministerial curriculum for the government of national service."

He stressed, "the necessity of cohesion in the efforts of all Iraqi forces in order to lift the injustice of the Iraqi people, change the living situation of all the Iraqi people and the disadvantaged classes in particular, and advance the service reality for them and all of our proud people." Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=210147

Barzani: The Iraqi Forces Should Embrace New Negotiations With The Sadrist Movement

Politics| 06:57 - 03/11/2022   Baghdad - Mawazine News   The President of the Kurdistan Region, Nechirvan Barzani, stressed, on Thursday, that the Iraqi political forces should embrace new negotiations with the Sadrist movement.

"The political forces should embrace new negotiations with the Sadrist movement," Barzani said during a speech delivered by the 14th Congress of the Kurdistan Democratic Party, held in Dohuk, and followed by Mawazine News.

He added, "The new Iraqi government is called to create more and better jobs and services in southern and central Iraq, help the private sector, rebuild the destroyed Sunni areas, normalize the situation in Kirkuk, Sinjar and other areas, implement Article 140 of the constitution, and prevent violations of the rights and powers of the Kurdistan Region."   https://www.mawazin.net/Details.aspx?jimare=210143

President Barzani: The Greatest Mission And Highest Position That I Am Always Proud Of Is That I Am A Peshmerga

Posted On2022-11-04 By Sotaliraq      President Masoud Barzani stressed, on Thursday, that the greatest mission and highest position he is proud of is being a Peshmerga, expressing his thanks and gratitude to all members of the Kurdistan Democratic Party for giving him confidence again.

In a speech after the Kurdistan Democratic Party renewed its confidence, President Barzani said, "The greatest mission and highest position of which I am always proud is that I am a Peshmerga."

He added, "Thank you all from the bottom of my heart for giving me this confidence and I will be at your service, I am not one of the people who wants to remain president or responsible until death."

President Barzani continued, "I would have liked to establish an atmosphere in the region and in the region to ask this conference to leave you, because every beginning has an end, and every person is great and has a high position, in the end a day will come and he will leave him."

President Barzani said, "I am also a human being like all other human beings, whether I wanted it or not. In the end, the day will come when God will end the trust and leave you, so this is a natural thing and you must accept it."

He added, "God willing, I will fulfill that wish at the next conference, because I do not want death to be a reason for distance from you, and before that I want to tell you that God is safe."

And he added, "But now for us to continue and for the Kurdistan Democratic Party to continue, and as long as granting me confidence is your request, I will thank you and I will be at your service."

President Barzani said, "Comrades, every person in this life has his own idiosyncrasies, and we also have ours. And Mullah Mustafa Barzani, before his death, gave me and my brother Idris a recommendation that we be one soul in two bodies."

He added, "Praise be to God, we carried out his will, not just one soul in two bodies. Rather, I was always ready to put myself in the place of my brother Idris, but fate is not in the hands of man, but in the hands of God, but if the choice was in my hands, I would place myself in the place of my brother Idris, so that he would stay and I would leave.”

President Barzani concluded his speech by saying, "I congratulate you and all the Kurdistan Democratic Party's affiliates, and all the lovers of the Kurdish people, and my condolences to those who prepared themselves to read Al-Fatihah on the Kurdistan Democratic Party."

He added, "I suggested that Nechirvan, my nephew, Idris, become the deputy head of the Kurdistan Democratic Party."   LINK

Nechirvan Barzani Calls On The Sudanese Government To Resolve Several Issues In Iraq

Posted On2022-11-04 By Sotaliraq     The President of Kurdistan Region, Nechirvan Barzani, called on Thursday for the new Iraqi government to provide services and provide job opportunities to the regions of southern and central Iraq, build Sunni areas that were destroyed, and implement Article 140 of the Constitution.

Nechirvan Barzani said in his speech during the 14th Congress of the Kurdistan Democratic Party in Dohuk, "I wish success to President Barzani and all of you and our party conference," stressing that "the success of the conference is a victory for all the people of Kurdistan."

The President of the Kurdistan Region called on the government of Muhammad Shia Al-Sudani to "provide services and provide job opportunities to the regions of southern and central Iraq, as well as building the Sunni areas that were destroyed, implementing Article 140 of the constitution and normalizing the situation in them."

He also demanded from Al-Sudani "not to allow the legitimate rights of the people of Kurdistan to be infringed," stressing that "the conditions of Iraq will improve by preserving the rights of all components."

He stressed that "all political forces in Iraq must start opening a new page with the Sadrist movement," stressing that "Al-Sadr is a great popular force in Iraq."

He pointed out that "the application of federalism in Iraq will preserve the unity, stability and sovereignty of the country," adding that "its application is in the interest of all."

He explained that "the Kurdistan Democratic Party, since its establishment and until today, constitutes a major political and democratic force in Iraq," stressing that "the continuation of the party's strength is in the interest of all of Iraq."

He pointed out that "after the completion of the work of the conference, we will strongly participate with the rest of the Iraqi political forces within the new government to work for the interest of all Iraqis without distinguishing between its components."

He stressed that "the struggle of the immortal Mulla Mustafa Barzani and the Kurdistan Democratic Party after the July 14 revolution in 1958 was a major factor in the recognition by the State of Iraq of the partnership of Kurds and Arabs in the country."

And he added, "The March 11 agreement in 1970 also became the most important document by which the State of Iraq officially recognized the legitimate rights of the people of Kurdistan."

In another aspect of his speech, the President of the Kurdistan Region stressed that “the Kurdish issue is an important issue in the Middle East,” stressing that “the Kurdistan Democratic Party will make all its efforts to solve it.”

He pointed out that "the Kurdish people can benefit from the development and progress taking place in the world to address their cause by peaceful means and away from violence."

At the end of his speech, the President of the Region asked the Prime Minister, Masrour Barzani, to take the position of Vice President of the party alongside him, to provide a helping hand to President Barzani in managing the party.

He stressed that "Masrour Barzani was brought up by President Massoud and that he is a capable and highly qualified person," noting that "the political bureau of the party is a witness to his capabilities and the services he provided to Kurdistan."   LINK

"Tidbits From TNT" Friday Morning 11-4-2022

TNT:

Tishwash:  Announcement of a tender for the supply of currency counting and sorting machines

The Central Bank of Iraq announces a tender for the processing of currency counting and sorting machines, according to the technical specifications and legal conditions contained in the sixth section of the standard document for the processing of goods. / located in Baghdad - Al-Rasheed Street - Building No. ( 2 ), Floor ( 3 ), Legal Department / Contracts Department

For the purpose of obtaining tender documents for an amount of ( 250,000 ) dinars (two hundred and fifty thousand dinars) that is not refundable, and it will be the last date for submission Bids and tender closing is before the end of official working hours on Monday 12/12/2022 

In the event that the closing date of the tender coincides with an official holiday, the first day following that shall be considered the last date, and the person who is awarded the tender shall bear the fees for publishing the advertisement, and that this bank is not obligated to accept the lowest bids.  link

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CandyKisses:  Oil prices deepen their losses

Oil prices fell in early transactions, today, Friday, continuing the losses of the previous session, due to fears of raising US interest rates at a rate greater than expected before, as well as new fears of the “Covid-19” outbreak, which will undermine demand. on fuel in China.

Brent crude futures fell 22 cents, or 0.2%, to $ 94.45 a barrel, after falling 1.5% in the previous session, with contracts heading for a decline of more than 1% this week. And West Texas Intermediate crude futures fell 27 cents, or 0.3%, to $ 87.90 a barrel, adding to a 2% decline in the previous session, but it is heading towards ending the week on a stable basis.

Fears of a recession in the United States, the world's largest oil consumer, grew on Thursday after Federal Reserve Chairman Jerome Powell said it was "too early" to consider halting interest rate hikes.

The negative atmosphere increased after the Bank of England said Thursday that it believes Britain has entered a recession and that the economy may not register growth for another two years.

Sentiment and oil price expectations were also affected after China kept its strict restrictions on combating "Covid-19", following the highest increase in injuries since August, on Thursday.

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Tishwash:  he Kuwaiti ambassador to Iraq discusses with the Iraqi Prime Minister ways to strengthen relations between the two countries 

 Kuwait's ambassador to Iraq, Tariq Al-Faraj, discussed with Iraqi Prime Minister Muhammad Al-Sudani on Thursday ways to strengthen and develop relations .between the two countries in various fields

Ambassador Al-Faraj told Kuwait News Agency (KUNA) that he stressed during his meeting with Al-Sudani the keenness of the State of Kuwait to support Iraq's sovereignty, security and .stability Ambassador Al-Faraj also expressed the aspiration of the political leadership in Kuwait to .strengthen the bonds of brotherly relations between the two countries

He stated that he conveyed the greetings of His Highness the Amir Sheikh Nawaf Al-Ahmad AlJaber Al-Sabah, may God protect him and his patrons, His Highness the Crown Prince Sheikh Mishaal Al-Ahmad Al-Jaber Al-Sabah, may God protect him, and His Highness the Prime Minister Sheikh Ahmed Nawaf Al-Ahmad Al-Sabah, may God protect him, to the Iraqi Prime .Minister and congratulate him on assuming the position of prime minister

For his part, Al-Sudani, quoting Ambassador Al-Faraj, expressed his appreciation for the feelings of the political leadership in Kuwait towards Iraq and its people, stressing that the brotherly relations between the two sides are rooted in history and that he will seek to strengthen and consolidate these relations further. (end) ahh.saam  link

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Tishwash:  The Iraqi president refuses to accept Al-Maliki as his deputy, and the Sudanese is keeping the security institutions away from the control of the militias

 A deputy close to former Iraqi Prime Minister Nuri al-Maliki confirmed that Shiite forces insist on the inauguration of al-Maliki Vice President of the Republic.

Alia Nassif said that we insist on Al-Maliki assuming the position of First Vice President despite the lack of opportunities to achieve this requirement.

Sources in the presidential box explain that (the scarcity of opportunities) that Nassif talked about is the lack of desire Iraqi President Abdul Latif Al-Rasheed accepted Al-Maliki as his deputy, which makes the latter's chances of obtaining the position difficult very

As for the Iraqi Prime Minister, Muhammad Shia Al-Sudani, he still refuses to assign the security institutions to parties that own armed militias Despite the pressures put against him.

Despite the insistence of the Hezbollah Brigades and Asa'ib Ahl al-Haq to obtain the position of head of the intelligence service, the position remains unchanged It is still vacant after the dismissal of Judge Raed Jouhi from the presidency of the apparatus.

Al-Sudani insisted that the Ministry of the Interior be far from the control of the parties, so he chose a well-known independent general for it Lieutenant-General Abdul-Amir Al-Shamri, while the Minister of Interior assigned himself to run the Ministry of National Security until a minister is chosen for it Instead of Hamid Al-Shatri.

The Iraqi Minister of Interior directed the conduct of a security exercise that includes all Iraqi cities, the declared objective of which is to conduct inspections However, a source in the ministry told (Gulf News) that the minister’s directives included focusing on two goals The two main ones are the reservation of shaded cars that do not have registration plates.

According to the source, this type of car is owned by the armed factions, and it appears that the Minister of the Interior and under the direction of the President of The Iraqi government has drawn up a plan to paralyze the wheels of the militias that carry out assassinations that are recorded against an unknown person.

The security source believes that clashes will occur between the security detachments of the Ministry of the Interior with some militia leaders who are riding Usually shaded cars do not have registration plates, and these clashes may have been the beginning of the clash between the Sudanese and his allies frame strength   link

Mot:  .. Ya Knows.. that Time Change thingy!! ~~

Mot: Mentally preparing to turn the clocks back an hour next weekend...