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Posts posted by DinarThug

  1. Iraqi anticipation for a new manipulation of the dollar: an escalating movement to restore the previous quote ... and an alternative solution "that satisfies all parties"




    Yes Iraq: Baghdad


    The wave of talk and the tendency to re-price the dollar against the dinar to its previous era began to escalate sharply at various levels, especially the parliamentary and popular, while proposals began to escalate to get out of the issue of raising the price of the dollar and its harm to citizens and the prices of goods.


    Parliamentary and popular voices began to focus on the rise in oil prices, which means that the government will obtain more profits, which reduces the deficit, which means that the need for the dollar price to remain unchanged, amounting to 1450 dinars, and the need to return it to the old pricing due to the economic shock it caused to the market and to citizens.

    Initial proposal

    A member of the Committee to Monitor the Implementation of the Governmental Program and Strategic Planning , Inaam Al-Khuzaie, suggested reducing the dollar’s exchange rate and returning it to 1,200 dinars per dollar, without affecting the next year's budget.

    "Prime Minister Mustafa Al-Kazemi says that raising the exchange rate to 1450 dinars will save 10 trillion dinars to the budget," Khuzaie wrote in a tweet.

    And she added, "Raising the price of oil in the budget to a conservative price of $ 52 instead of $ 45 will save 10 trillion dinars as well without prejudice to the exchange rate and without prejudice to the real incomes of the poor and middle classes."


    A firm parliamentary position!

    On the other hand, parliamentary assurances reached a refusal to pass the budget without adjusting the exchange rate, as Muhammad al-Shabki revealed, a member of the Parliamentary Finance Committee.

    "There are political forces and representatives from different political blocs, working to adjust the exchange rate of the dollar against the Iraqi dinar, in the 2021 budget, and these forces and MPs refuse to pass the budget without this amendment," Al-Shabaki said in press statements.

    And that "there is a parliamentary proposal that the exchange rate of the dollar against the Iraqi dinar be (13000) Iraqi dinars in front of every $ 100, but the authority of the amendment remains in the hands of the Iraqi government, and there are contacts between parliamentary and governmental parties to discuss the possibility of such an amendment, before voting on the budget."


    An alternative proposal

    For his part, the economist Rasem Al-Akidi presented a compromise solution to the issue of the dollar exchange and the impact of the new pricing on economic movement and the prices of goods and materials, in a way that makes all governmental and popular parties and merchants benefit, and prevents the return of the currency sale window and the huge sale of hard currency in it due to its cheap price.


    Al-Aqidi said, in a press statement followed by Yass Iraq, that “raising the value of the dollar against the Iraqi dinar and making the exchange rate of 1450 dinars per dollar came with a proposal from the International Monetary Fund and experts in the financial world of the Iraqi government, in order to cut off the road to smuggling hard currency that continued For many years. ”

    Al-Aqidi added, "Restoring the price to its previous era with the rise in oil prices, the mechanisms of smuggling will also return to the outside, by legitimate means through the same window, and sales of dollars will be doubled to high numbers."

    The economist pointed out that "despite the advantages of raising the dollar’s exchange rate, including doubling the state’s revenues from the dinar to cover all financial activities, including the payment of salaries, but in return it raised prices in the market, and caused damage to many segments, including the poor and the middle class."

    Rasim Al-Aqidi explained, “The damages resulting from the raising of the exchange rate can be overcome by adopting what we call the dollar as food, which is the process of selling the dollar to traders at the old price, while placing the difference between the old and the new price in the trusts, and when the merchant comes and presents his papers that prove that he has actually imported The goods and the payment of customs according to the automated mechanisms, the trusts will be returned to him, and thus we limit the process of selling the dollar to finance materials and goods not produced in the markets.

    The economic expert stressed that "the proposal will protect hard currency from smuggling and secure basic materials at low prices in the Iraqi market."


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  2. LINK

    The first Kurdish response to the draft oil and gas bill

    The first Kurdish response to the draft oil and gas bill
    02/26/2021 08:57:03
    The Kurdish bloc commented on the Oil Ministry's announcement to send the final draft of the oil and gas bill to the Council of Ministers.

    A member of the Kurdish Change Bloc, Amin Bakr, said in a press statement: "Despite the talk on the part of the political blocs and parties about the new oil and gas law, and that it may be the solution to all problems related to the issue of oil management between the region and the federal government, I think that such a law will be in dispute.
    Large, because under this law, the powers of each party in managing the oil file must be regulated. 
    He added, "There is a deep disagreement between Baghdad and Erbil over the perception of how to manage the oil and gas file, so this law will complicate problems, and it was assumed that from the beginning we would reach an agreement on organizing the powers, then on the basis of this initial agreement the oil management law would be legislated, and as long as there are differences. On the basis of the agreement, we will not reach a law that can be accepted." 

    The Minister of Oil, Ihssan Abdul-Jabbar, said that the meeting of the opinion committee in the ministry, which was held the day before yesterday, Wednesday, included discussion and review of the final version of the Federal Oil and Gas Law and referring it to the Council of Ministers for approval after completing its review by the concerned authorities in the ministry, and from then the cabinet will review this version, and forwarded in turn to the House of Representatives for the enactment of this law."  He noted, "the ministry's keenness to pass the law contributes to the development of the industry of oil and gas, investment optimization of national wealth in Iraq in order to support the national economy."

    It is The Oil Ministry’s sudden announcement of the draft oil and gas law coincides with marathon negotiations between Baghdad and the Kurdistan region regarding the latter’s share in the 2021 budget and the mechanism for managing its oil file. 
    The two parties have not yet agreed on the Kurdistan region’s share in the budget, which has hindered its approval so far.
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  3. Welcome To Page 4 - Let’s Bro Like A MoFo ! :o 


    :D  :D  :D 



    The last pages of subjugating the state of Iraq .. subjugating the Iraqi dinar

    19:43 - 02/25/2021 Books / Mazhar Al-Ghaithi

    The West deals with strategy, and it is a mistake not to try to understand what they are trying to do with us by gathering information, analyzing it, and deducing future goals and plans for them so that we can confront them through tight, easy and reluctant planning that depends on loyalty to God and trust in Him and relying on His success, glory be to Him.

    Here we will discuss one of the challenges that are the focus of the hour’s talk, which is changing the exchange rate, and summarize it accordingly:

    1. Many observers are confused about the real reasons and motives behind the Al-Kazemi government’s feet to sell dollars at a high price to the people for reasons. Let us think out loud and say is it:

    A- To withdraw cash or cash from the people, which exceeds the financial potential of the state, as it is known that the monetary properties in circulation in the market or in the possession of people are higher than what the state owns, and this in itself poses a threat to the state’s financial sovereignty and loss of its balance and threatens the failure of the financial system

    B - Did the instructions come from America in this regard in order to control the people and the Shiites in particular in this way and simply to make it easier to fight them and implement all kinds of plans that they want to implement on them?

    2. Is it that the families controlling the global economy want internal control over the Iraqi economy through the window of the World Bank, since it is arbitrary and now in the implementation of a loan to Iraq worth 5 billion, and perhaps the intention is to exhaust Iraq economically, and this in itself is a harbinger of affairs and has serious repercussions as:

    A- Iraq owes the World Bank large sums and benefits will be imposed on it in the next stage. Iraq cannot get out of this crisis, and it will be compromised to implement their plans in Iraq.

    B - Is the goal of these families is to control Iraqi money, and that will not be done for them except after distorting the reputation of Iraq abroad and reducing its economic power to the bottom through its relationship with the World Bank and keeping Iraq indebted to them for longevity, and this will affect the choices of future generations as they do not They allow Iraq to deal with other countries in financial matters, in order to develop and boost its economy.

    3. This stage represents the preparation for the next stage, which is the new global economic system. If the Iraqi financial system and economy are restricted and shackled, it will be soft at the hands of governments and governments, which are controlled by the royal families and they are already infiltrated.


    4. If Iraq were to regain its strength and there was a possibility to strengthen the Iraqi dinar, it would be the first in the region and it would be a good supporter of the economy and vice versa,

    and it would overcome the region’s currencies and economies and would be a global power,

    and for this there would be no interest for the region’s countries to support the Iraqi dinar and save it from the system’s hegemony Globalism.


    5. America and most of the controlling forces in Iraq deliberately keep Iraq under the terms of pressure to be safe in their future in the event of revolutions, especially as they are frequently repeated.

    Finally, if you collect everything that has been said and put with it what will happen in terms of a shift in the digital currency, especially in the dollar and digital dealings in buying and selling, in addition to some of what we have previously mentioned about some manipulating the financial balance between Baghdad and the region, it is certain that the clues and features of the next phase will be revealed to you.

    My brothers, people of the word and fair people in Iraq and the region, the solution is simple. We know our patriotic men who defend our rights. Our salvation is by pushing them to power, and any complacency in this matter will lead to the completion of the Tamer rings, which will lead not only to the families of our word, but to the shackling and families of our children and grandchildren as well.

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  4. LINK

    Oil fell 1% due to the rise in the US dollar and expectations of an increase in supply




    26th February, 2021


    Oil prices slid on Friday as the collapse in bond prices led to gains for the US dollar and expectations have grown that as oil prices return to pre-pandemic levels, more supply will likely find its way into the market

    US West Texas Intermediate crude futures fell 96 cents, or 1.5 percent, to $ 62.57 a barrel, abandoning all of the gains it made on Thursday. Brent crude futures for April delivery, which expire on Friday, fell 86 cents, or 1.3 percent, to $ 66.02 a barrel, after losing 16 cents on Thursday. May's more active contracts fell to a low of $ 65.04 a barrel earlier, dropping 93 cents, or 1.4 percent, to $ 65.18

    "Crude oil has moderately retreated from its recent highs in light of an atmosphere of risk aversion as Asian stocks fell broadly to follow the weak performance of Wall Street," said Margaret Yang, strategy at Singapore-based Daily Fix

    She added that the selling in the bond market, which led to the rise of the US dollar and increased returns, puts pressure on primary commodities that do not yield returns

    The appreciation of the US currency increases the cost of oil priced in dollars to buyers of crude in other currencies

    Despite the drop in prices today, Brent and West Texas Intermediate crude are on their way to achieving gains of about 20 percent since the beginning of this month, as markets are experiencing turmoil in the United States, while optimism about the improvement in demand increases with the distribution of vaccines against the Corona virus

    Investors are betting that a meeting next week of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC +, will result in the return of more supplies to the market

    US crude prices are also facing adverse factors due to the loss of refinery demand after the closure of several facilities on the coast of the Gulf of Mexico during a winter storm last week

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  5. LINK

    The regional government reveals the latest results of the budget negotiations with Baghdad

    The regional government reveals the latest results of the budget negotiations with Baghdad
    02/26/2021 15:17:17
    A spokesman for the deputy head of the Kurdistan Regional Government, head of the Kurdish delegation, Qubad Talabani, revealed that the region's delegation, on its recent visit to Baghdad, discussed with the political parties and handed over all information related to expenditures, oil revenues and the number of employees to the federal government.


    "The delegation is awaiting the preparation of the second draft of the general budget bill by the Finance Committee in the House of Representatives, which is the demand of the political parties, and it was discussed during the meetings," Samir Hawrami said in a press statement. He explained, "The second proposal has not been prepared yet and the draft budget law for the year 2021 has been sent to the Presidency of Parliament without settling the region’s share, so we are waiting for the Finance Committee to prepare a draft of paragraphs 10 and 11 of the draft law on the region’s share in the budget and then vote on the entire project. Legal in the House of Representatives."

    Hawrami added, "The Parliamentary Finance Committee announced last Tuesday that it had sent a letter on February 15 to the Presidency of the House of Representatives stating that it had completed the semi-final draft of the 2021 budget project and that the only pending point was the text on the obligations of the Kurdistan region, which was detailed in Article 11 of project of law. She pointed out that it "met with the political blocs of various components to bridge the gap in viewpoints and come up with a consensus on the entirety of the texts contained in that draft, but until now we are awaiting a final form of agreement on this article."
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  6. LINK

    At "B" grade .. Minister of Finance: Iraq has maintained its global credit rating




    26th February, 2021

    Minister of Finance, Abd Allawi, confirmed, on Friday, that Iraq internationally maintained its credit rating at B, with an emphasis on financial and economic stability, according to the international agency Standard and Poor's S&P.

    The media office of the Minister of Finance stated, in a statement received by Mawazine News, that “Allawi participated in a dialogue session to discuss the economic and financial developments and the credit rating of Iraq via video conference that included experts and specialists from the ministries of finance and oil, and representatives of the Central Bank.” The statement added, "During the dialogue, they discussed the economic and financial developments and the credit rating of Iraq and the factors that contributed to maintaining the credit rating at -𝗕 and the emphasis on financial and economic stability, according to S&P Standard and Poor's agency."

    Allawi said, "The change in the exchange rate contributed to relieving pressure on foreign reserves and strengthened the ability of the Ministry of Finance to provide domestic financing and recovering crude oil prices at the beginning of 2021 compared to what they were in 2020. The future outlook was also touched upon. stable Iraqi economy , which came to reflect the continued foreign currency reserves at the level increases the external public debt service and the ability of Iraq to pay its obligations of external debt over the 12 coming months."

    It is worth mentioning that the agency Standers Poor 's S & P since an outbreak of pandemic Corona, It took decisions to reduce the rating from stable to negative for more than 80 cases around the world. 

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  7. LINK

    Ministry of Finance: Iraq internationally maintains its credit rating

    Ministry of Finance: Iraq internationally maintains its credit rating

    02/26/2021 15:18:55

    Information Office of the Ministry of Finance

    The Ministry of Finance announced, today, Friday, that Iraq has maintained its global credit rating at {-B} with an emphasis on financial and economic stability, according to the international agency, Standard & Poor's {S&P}.


    Finance Minister Ali Allawi participated in a panel discussion to discuss economic and financial developments and the credit rating of Iraq via video conference, which included experts and specialists from the ministries of finance and oil and representatives of the Central Bank.

    During the dialogue, they discussed the economic and financial developments, the credit rating of Iraq and the factors that contributed to maintaining the credit rating at -B and the emphasis on financial and economic stability, according to S&P.

    In addition to the contribution of changing the exchange rate in relieving pressure on foreign reserves and enhancing the ability of the Ministry of Finance to provide domestic financing and recovering crude oil prices at the beginning of 2021 compared to what they were in 2020. 

    The stable outlook for the Iraqi economy was also discussed, which came to reflect the continuation of foreign currency reserves at a level that increases the external public debt service and the ability of Iraq to pay off its external debt obligations over the next (12) months.

    It is worth mentioning ... Since the outbreak of the Corona pandemic, Standard & Poor's agency S&P has taken decisions to reduce the rating from stable to negative for more than 80 cases around the world.


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  8. LINK

    Reports: The American raids targeted an Iraqi military convoy, leaving 22 martyrs



    26th February, 2022

    Agency "Reuters" reported, quoting local sources and a medical source, on Friday, that the raids launched by the United States last night on eastern Syria left at least 17 martyrs.

    Meanwhile, the Syrian Observatory for Human Rights announced, in a report on the US raids, that the death toll from the American bombing that affected the Albu Kamal border area with Iraq has increased to at least 22 martyrs from the Popular Mobilization Forces, most of them from the Hezbollah Brigades, indicating that the toll is expected to rise.

    The observatory's report added, "The bombing targeted sites and a shipment of weapons when they entered the Syrian territories from Iraq through a military crossing near the main Al-Qaim crossing in the Albu Kamal area in the eastern countryside of Deir Ezzor," noting that "the American raids resulted in the complete destruction of three ammunition trucks." 

    The Pentagon announced that the recent airstrikes were carried out, based on intelligence information provided by the Iraqi side, against Iranian-backed armed factions in eastern Syria, in response to the recent attacks against American employees in Iraq.

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  9. LINK

    Parliamentary integrity: 90% of the stolen Iraqi funds were smuggled by political leaders


    19:45 - 02/25/2021


    On Thursday, the Parliamentary Integrity Committee announced the diagnosis of 90% of the money smuggled outside Iraq, indicating that political leaders and officials smuggled it out.

    A member of the Integrity Committee, Abdul Amir Al-Mayahi, told Al-Maalouma that "the Integrity Committee, in cooperation with the supervisory authorities, reached great information regarding corruption and money smuggling operations outside the country."

    He added, "The committee has reached the truth that 75% of Iraq's non-oil imports go surreptitiously into the pockets of the corrupt," noting that "most of this money is smuggled out of Iraq."

    Al-Mayahi explained that "the committee has reached nearly 90% of that money, the countries in it, and the names of the characters that smuggled it."

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  10. A Kurdish leader: The Kurdistan Regional Government will approach the “American door” to resolve the issue of Kurdistan’s share of the 2021 budget




    02/25/2021 21:33

    Baghdad today - Kurdistan 


    Today, Thursday, a member of the Kurdistan Democratic Party, Repin Salam, confirmed that the regional government will knock on all doors in an attempt to reach an agreement with Baghdad regarding its share in the budget.

    In an interview with (Baghdad Today), Salam said, "The region will knock on all legitimate doors, including the mediation of friendly countries and the United States, and this was what was in the last call that the regional government head, Masrour Barzani, brought together with former US Secretary of State Mike Pompeo." 

    He added that "the region is ready for mediation by the United States, the United Nations mission, or any other country, as long as the dispute with Baghdad is political and not technical, because opposition to voting on the region's share in the budget is purely political, especially as the region adheres to all the conditions of the federal government."

    And local media had indicated that the region had requested mediation by the United States with the federal government in an attempt to reach an agreement to fix Kurdistan's share in the budget. 

    The Kurdistan Regional Government confirmed on Wednesday (February 24, 2021), the continuation of negotiations with the federal government in Baghdad, in the presence of a readiness, which it described as "the best", to solve the issue of the 2021 budget, during the Council of Ministers held its regular weekly meeting headed by the Prime Minister, Masrour Barzani and in the presence of the Vice President of the Council Minister Qubad Talabani.


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  11. # I want a dinar ... Iraqis on Twitter demand the return of the dinar to its previous value

    Alhurra - Washington
    February 25, 2021




    A number of Iraqis demanded that their country's currency be returned to its normal state and raised its value against the US dollar, which made the hashtag # I want my dinaris among the most discussed topics on Twitter in Iraq.

    The Central Bank of Iraq announced a reduction in the exchange rate of the Iraqi dinar against the US dollar, last December , in the first such measure in half a decade, and coincided with a stifling financial crisis plaguing the country as a result of the collapse of oil prices.


    The decision to devalue the currency caused panic among Iraqis
    The devaluation of the dinar is only the beginning ... "painful" Iraqi steps that experts expect
    A report published by "Bloomberg" agency on Thursday warned that the devaluation of the Iraqi currency may not save the country and extricate it from its current crisis unless it is accompanied by more painful measures that include a significant reduction in government spending.

    A statement by the Central Bank of Iraq stated that the new price of the dinar against the US dollar was set at 1450 dinars instead of the previous rate of 1190 Iraqi dinars per US dollar.

    And the Ministry of Finance promised, at the time, that "the decision to amend the exchange rate will be one-time only and will not be repeated in the future."


    "Today is our campaign to restore the Iraqi dinar to its value before the corrupt people stole it from the leaders of corruption in Iraq," said one of the tweeters.


    One of them denounced the parliamentary blocs' promises that "they will not pass the exchange rate of the dollar at its current price only after returning it to its previous price," and said that nothing of that actually happened.


    "The political forces competing for thefts in Iraq will lead the country to ruin, and will reduce the people's options to satisfy a bad dictator or external intervention unless a sincere and disciplined national project rises," another tweeted.


    According to one of the campaign participants, "changing the exchange rate of the dollar is part of a systematic starvation and kneeling plan."


    One of them cited the recent rise in Iraqi oil prices, reinforcing his demand for the return of the dinar to its previous state.


    According to this tweet, "There is no economic justification in the monetary market that necessitates a decrease in the dinar, but rather a conspiracy by politicians to take advantage of the exchange difference at the expense of the local market and harm the economy."


    Another demanded the dismissal of the central bank governor, saying, "Sack the governor of central bank plunder."


    After the issuance of the decision last year, the Iraqi government reassured its citizens about the decision to reduce the value of the official currency, stressing that it would not affect the classes that depend on local goods, but experts and observers criticized the move and believed that it would increase the already high poverty rates in a country experiencing the worst economic crisis in decades .

    The Iraqi Ministry of Finance attributed the decision to the government's attempts to address the stifling crisis that Iraq is witnessing as a result of low oil prices, to ensure protection of the economy and to achieve the reforms that it promised several months ago.


    Estimates indicate that the lost funds from the victims total hundreds of millions of dollars
    Official: Iraq is going through the most difficult crisis in its history
    The Iraqi Minister of Planning said, on Monday, that "the Iraqi economy is going through the most difficult crisis in its history," adding that the crisis "has accumulated over long decades of failures resulting from the unilateral rentier economy."

    The decision sparked a wave of anger in the Iraqi street, but Prime Minister Mustafa Al-Kazemi defended his government's move and said that he had two options, "either the collapse of the system and the entry into complete chaos, or we enter into a Caesarean section for reform."


    Iraqi employees work at the Iraqi Stock Exchange in Baghdad on February 27, 2018. (Photo by AHMAD AL-RUBAYE / AFP)
    The shock of the price of the Iraqi dinar .. # thieves-banks ignites Twitter
    The decision to reduce the exchange rate of the Iraqi dinar sparked a wave of critical tweets on Twitter, which led to the emergence of the hashtag #Banks_Three_Bank_and #No_for targeting_the dinar at the forefront of the most discussed topics in Iraq.

    Since the collapse of oil prices earlier this year, Iraq has faced an unprecedented liquidity crisis. The oil-exporting country was forced to borrow from the bank’s reserves in dollars to pay off nearly $ 5 billion a month, representing public sector salaries and pensions. 


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  12. The night Iran's militia hit ... smart bombs demolished 7 sites on the Syrian-Iraqi border

    Alhurra - Washington

    February 26, 2021



    Smart bombs have bombed the sites of Iranian-backed militants in Syria on the border with Iraq, in a US raid that came in response to the recent missile attacks in Iraq.

    The details revealed by US officials and American newspapers indicate a "deliberate response" by the new US administration to the intensified missile attacks in the recent period against American and coalition forces in Iraq.

    Al-Hurra reporter said that the raids targeted seven sites and used smart bombs, each with a capacity of 250 kilograms of explosives.

    Al-Hurra's correspondent stated that the raids were carried out at 11 pm GMT, which is 6 pm Washington, DC time.

    A spokesman for the US Department of Defense (Pentagon), John Kirby, had confirmed that the US military launched, under the direction of the US President, Joe Biden, on Thursday evening, air strikes targeting infrastructure, used by armed groups backed by Iran, in eastern Syria.

    He emphasized that the strikes destroyed several facilities located at a border control point used by a number of Iranian-backed armed groups, including the "Hezbollah Brigades" and the "Kataib Sayyid al-Shuhada" Brigades.

    In remarks following the strikes, US Defense Secretary Lloyd Austin confirmed that the correct target was hit, and said, "We are sure that the target that was targeted in Syria was being used by the militias that carried out the missile attacks in Iraq."

    For its part, the Syrian Observatory for Human Rights stated that at least 17 pro-Iranian militants were killed in these raids.

    An American official told Al-Hurra correspondent, "Our message is: We will not turn a blind eye to Iranian militia attacks."

    The New York Times quoted US officials as saying that the recent strikes were a "very small" response, represented by "throwing a bomb at a small group of buildings on the Syrian-Iraqi border used to cross militia fighters and weapons into and out of the country."

    The strikes were carried out in Syria "to avoid a diplomatic response by the Iraqi government," according to the newspaper.

    The officials said the Pentagon had presented larger sets of targets, but the US President had given the green light to implement "smaller" targets.

    "The administration took a deliberate response to the missile attack in Erbil," the New York Times said.


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  13. CNN. Broadcasting On Syria’US XM Radio !

    U.S. Carries Out Airstrikes Against Iranian-Backed Militia Facilities in Syria: Pentagon


    By Reuters, Wire Service ContentFeb. 25, 2021, at 6:34 p.m





    FILE PHOTO: The Pentagon building is seen in Arlington, Virginia, U.S. October 9, 2020. REUTERS/Carlos Barria/File Photo REUTERS





    WASHINGTON (Reuters) - U.S. President Joe Biden on Thursday directed U.S. military airstrikes in eastern Syria against facilities belonging to what the Pentagon said were Iran-backed militia, in a calibrated response to recent rocket attacks against U.S. targets in Iraq.


    The strikes, which were first reported by Reuters, appeared to be limited in scope, potentially lowering the risk of escalation.

    Biden's decision to strike only in Syria and not in Iraq, at least for now, also gives the Iraqi government some breathing room as it carries out its own investigation of a Feb. 15 attack that wounded Americans.

    "At President (Joe) Biden’s direction, U.S. military forces earlier this evening conducted airstrikes against infrastructure utilized by Iranian-backed militant groups in eastern Syria," Pentagon spokesman John Kirby said in a statement.

    "President Biden will act to protect American and Coalition personnel. At the same time, we have acted in a deliberate manner that aims to de-escalate the overall situation in both eastern Syria and Iraq," Kirby said.

    He added that the strikes destroyed multiple facilities at a border control point used by a number of Iranian-backed militant groups, including Kata'ib Hezbollah (KH) and Kata'ib Sayyid al-Shuhada (KSS).

    A U.S. official, speaking on the condition of anonymity, said the decision to carry out these strikes was meant to send a signal that while the United States wanted to punish the militias, it did not want the situation to spiral into a bigger conflict.

    It was not immediately clear what damage was caused and if there were any casualties from the U.S. strike.

    Retaliatory U.S. military strikes have occurred a number of times in the past few years.

    The rocket attacks on U.S. positions in Iraq were carried out as Washington and Tehran are looking for a way to return to the 2015 nuclear deal abandoned by former U.S. President Donald Trump.


    It was not clear how, or whether, the strike might affect U.S. efforts to coax Iran back into a negotiation about both sides resuming compliance with the 2015 nuclear deal.

    In the Feb. 15 attack, rockets hit the U.S. military base housed at Erbil International Airport in the Kurdish-run region killing one non-another site and injuring a number of American contractors and a U.S. service member. Another salvo struck a base hosting U.S. forces north of Baghdad days later hurting at least one contractor.

    Rockets hit Baghdad’s Green Zone on Monday which houses the U.S. embassy and other diplomatic missions.

    Earlier this week, the Kata'ib Hezbollah, one oU.S. carries out airstrikes against Iranian-backed militia facilities in Syria- Pentagonf the main Iran-aligned Iraqi militia group, denied any role in recent rocket attacks against U.S. targets in Iraq.

    Some Western and Iraqi officials say the attacks, often claimed by little-known groups, are being carried out by militants with links to Kata'ib Hezbollah as a way for Iranian allies to harass U.S. forces without being held accountable.

    Since late 2019, the United States carried out high-profile strikes against the Kataib Hezbollah militia group in Iraq and Syria in response to sometimes deadly rocket attacks against U.S.-led forces.

    Under the Trump administration, the escalator back-and-forth stoked tensions, culminating in the U.S. killing of Iranian military leader Qassem Soleimani and a retaliatory Iranian ballistic missile attack against U.S. forces in Iraq last year.

    (Reporting by Idrees Ali and Phil Stewart; Editing by Leslie Adler and Grant McCool)


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    Hussein: We have high oil coordination with Saudi Arabia and the Gulf, waiting for a case to invest in Iraq




    24th February, 2021

    Iraqi Foreign Minister, Fuad Hussein said that there is high coordination in oil policy with the Gulf oil countries, especially with Saudi Arabia, whether it is bilateral or within the framework of "OPEC". 

    Hussein said in an interview with the London-based newspaper Al-Sharq Al-Awsat in its Arabic edition published today, Wednesday, that Saudi Arabia and Iraq play an important role in this organization, and coordination continues between the two countries in all fields related to energy, as it is a vital issue for the country's economy.

    He pointed to the existence of a memorandum of understanding to import 400 megawatts from the Gulf network, saying: The dialogue has reached a high level, and we still need electric power, and I believe that there are discussions between specialists from Iraq and the Gulf states about how to support the power stations at home, and not just buy Electricity. Besides the problem of producing electricity, there is another problem in the distribution networks. So we need to build infrastructure for electrical distribution networks, and Gulf companies can play a role in that.

    On investment projects in Iraq, the minister said, "When we talk about activating memoranda of understanding, some of them are related to these projects. There are investment projects, and in the energy and electricity sector, petrochemicals, agriculture, housing, contracting, and others. But these investment projects also relate to the political situation and political relations." It is also related to the security situation, so when there is a threat to the security situation in a certain area, investments do not enter and the investor waits.

    However, he said that the security situation in Iraq has improved compared to the years from 2014 to 2017. However, recently some attacks have started in different regions, and this affects the internal economic situation and the entry of funds from abroad. There are memoranda, but in return these issues must be considered, and cooperation with the surrounding countries aims to positively affect the salvation of these attacks and the groups that destabilize the situation internally.

    Hussein continued, "Sometimes security strikes affect the coming of investors, especially the Gulf, but the security situation today has become stable, except for these recent attacks, as the more the security situation improves, the better the investments and the attractiveness of foreign capital, and I see many companies and investors from the Gulf have them." Willingness to invest Investment squares in Iraq are wide, as we need investments in agriculture, tourism, energy, petrochemical, services, real estate and other sectors. 

    He stressed that "investors, especially the Gulf, are waiting for a state of complete stability in Iraq in order to invest and bring in capital, as Gulf companies can play a role in building the Iraqi economy."

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  15. It’s Time To Pump It Up ! :o 


    :D  :D  :D 




    A meeting in OPEC to increase Iraq's quota by 60 thousand barrels




    25th February, 2021


    The Director General of the Oil Marketing Company "Sumo", Alaa Al-Mousawi, confirmed, on Thursday, that a meeting will be held at the beginning of next month in "OPEC" to increase production by 500 thousand barrels per day

    Moussawi said in an interview with the Iraqi News Agency and followed by "Economy News", that Iraq's share of the increase is 60 thousand barrels per day, adding that "we are ready to manage the oil file in the region after the federal government agreement with Kurdistan

    He explained that "the federal government has the exclusive authority to manage oil throughout Iraq

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  16. And Here’s Another ‘Oil And Gas Law’ Article ! B) 


    :D  :D  :D 



    Oil reviews the final version of the draft federal oil and gas law






    Economy News - Baghdad


    Oil Minister Ihsan Abdul-Jabbar stressed the importance of expediting the passage of the federal oil

    and gas law, and its importance in regulating the management of oil and gas wealth in Iraq

    Ismail said in a statement seen by "Al-Eqtisad News", "The meeting of the opinion committee at the Ministry of Oil that was held on Wednesday 24 February 2021 included discussion and review of the final version of the Federal Oil and Gas Law," stressing that this copy will be referred to the Council of Ministers for approval

    He explained that, "after the completion of its review by the concerned authorities in the ministry, the Council of Ministers will review this copy, and in turn refer it to the House of Representatives in order to enact this law

    The Minister of Oil indicated, "The ministry's keenness to pass a law that contributes to the development of the oil and gas industry, and the optimal investment of the national wealth in Iraq in order to support the national economy

    It is noteworthy that the Iraqi Council of Ministers directed, last year, to expedite the completion of the oil and gas bill


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  17. Looks Like There’s A New Deputy In Town ! :o 


    :D  :D  :D 




    Al-Kazemi Assigns Ihsan Al-Yasiri The Duties Of The Deputy Governor Of The Central Bank




    25th February, 2021

    Prime Minister Mustafa Al-Kazemi agreed to assign Ihsan Shamran Al-Yasiri the duties of the Deputy Governor of the Central Bank of Iraq.

    According to a document appended to the signature of the Governor of the Central Bank, Mustafa Ghaleb Makhaif, issued yesterday, Wednesday, 2/24/2021, it was decided to assign Al-Yasiri the duties of the bank's deputy governorate for administrative affairs and agency.


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