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yota691

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  1. External remittances to the dollar increased by 86% at the Central Bank of Iraq auction 2023-10-11 05:54 Shafaq News/ External remittances increased at the Central Bank’s auction, today, Wednesday, by 86% at the expense of cash sales, reaching $168 million. Shafaq News Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 192 million 404 thousand and 115 dollars, which the bank covered at a base exchange rate of 1,305 dinars, per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for remittances.” Foreign affairs at a price of 1310 dinars per dollar in cash. Our correspondent added that most of the bank's dollar sales went to strengthening balances abroad in the form of (remittances, credits), which amounted to 168 million, 904,115 dollars, an increase of 86%, compared to cash sales of 23 million, 500 thousand dollars. Our correspondent pointed out that the number of banks that purchased cash dollars reached 10 banks, while the number of banks that responded to requests to enhance balances abroad reached 17 banks, while the total number of exchange and brokerage companies participating in the auction was 86 companies.
  2. Al-Sudani: The Iraqi government is ready to resume oil exports through the Turkish port of Ceyhan 2023-10-11 09:27 Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani confirmed on Wednesday his government’s readiness to resume oil exports from the Kurdistan Region and Kirkuk via the Turkish port of Ceyhan. On the sidelines of his hosting of the Russian Energy Week Forum in the presence of President Vladimir Putin, Al-Sudani said that exports through this line were halted in accordance with the decision of the International Arbitration Court in Paris, and also due to the effects that accompanied the earthquake, indicating that the transport pipeline is subject to inspections and technical examination by the Turkish side. He continued by saying: Recently there was a notification from Turkey that the pipeline is ready to resume exports, indicating that there are oil companies operating in our region that have reached an understanding with them, and the Federal Ministry of Oil is communicating with them and with the Ministry of Natural Resources in the Kurdistan Region to reach a formula of understanding to resume oil exports through this pipeline. And according to Iraq's commitment within OPEC Plus.
  3. Plasschaert: The Sudanese government has made important steps and Iraq is in a position to seize opportunities Time: 10/10/2023 17:11:21 Read: 2,067 times {International: Al-Furat News} UN representative Jeanine Plasschaert confirmed today, Tuesday, that the government of Prime Minister Muhammad Shiaa al-Sudani has made important steps and Iraq is in a position to seize opportunities. During her briefing to the Security Council on developments in Iraq, Plasschaert said: “The government of Prime Minister Muhammad Shia al-Sudani has presented important steps and promising initiatives within a year of its formation, and the Iraqi government has taken important steps in reforming the financial and banking sector.” She added, "Iraq has become in a position that allows it to seize opportunities, and the Iraqi government has taken steps in the budget that allow for an increase in private sector investments, and Iraq has also made efforts to secure its borders with Iran." Plasschaert continued, "We also welcome the continued efforts to activate bilateral committees between Iraq and Turkey," indicating that "the Iraqi government has made clear beyond doubt its commitment to the principles of international law and its respect for bilateral agreements and United Nations resolutions." She stated, "Iraq is committed to its positive relations with its neighbors, and the Iraqi government has placed achieving water security as its top priority."
  4. Decrease in dollar prices in Baghdad markets Time: 2023/10/11 10:48:08 Read: 2,392 times {Economic: Al-Furat News} The price of the dollar fell, today, Wednesday, in Baghdad markets The prices were as follows.. The selling price was 163,000 Iraqi dinars, while the purchase amounted to 161,000 dinars per 100 dollars.
  5. What is the relationship of the US Federal Reserve to the federal budget? Time: 10/10/2023 18:19:47 Read: 4,693 times {Economic: Al-Furat News} A senior source revealed, today, Tuesday, that the US Federal Reserve was behind not launching financial allocations in the budget. The source told {Al-Furat News} that: “The reasons behind not releasing financial entitlements and allocations in the budget come due to the problems of the US Federal Bank’s intervention, as well as issues in the Ministry of Finance.” The source explained, “The Federal Reserve is still in control of the financial budgets,” expecting, “This matter will end two weeks from now.” In June, the Iraqi Parliament approved a 2023 budget amounting to 198.9 trillion dinars ($153 billion), which includes record spending on an increasing government wage bill and development projects aimed at improving services and rebuilding infrastructure destroyed by neglect and war. Various Iraqi parties attributed the delay in launching financial allocations in the federal budget for the year 2023 to various reasons, including technical and political differences related to the Kurdistan region’s share of the budget. For his part, a member of the Parliamentary Oil and Gas Committee, Ali Saadoun, criticized the Ministry of Finance’s delay in releasing allocations and financing for ministries and governorates. Saadoun told {Al-Furat News} agency, “Parliament approved the price of a barrel of oil in the budget at 64 dollars per barrel, and in fact, oil prices since the budget was approved until now have averaged 80 to 90 dollars,” and he stressed, “There must be an accountability for the Minister of Finance and an explanation of the reasons for not Funded by governorates and ministries so far. From: Raghad Dahham
  6. Al-Sudani: Iraq has made strides in the fields of renewable energy in order to reduce risks Time: 2023/10/11 15:11:10 Read: 702 times {Politics: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani indicated, today, Wednesday, that Iraq is seeking to diversify energy sources, stressing that the development road project carries a package of positive economic goals. The Prime Minister said in his speech at the Russian Energy Week Forum in its sixth session, “We are participating today in the Russian Energy Week Forum, in its sixth session, on behalf of Iraq, out of our belief that cooperation in the field of energy, and joining hands with each other in facing the challenges of electricity and the oil, petrochemical and gas industries. These are steps that will provide prosperity and progress, and will work to support us all in a world in which technology is accelerating and the demand for energy is rising every day,” indicating that “Iraq, whose name has been firmly established on the map of oil production and export, is striving to diversify its energy sources, and not depend its economy on "Oil only." He added, "Our government has set its sights on the global energy transition, represented by carbon reduction projects and energy efficiency projects," noting that "with commitments to reduce carbon emissions until the year 2045, as well as to help preserve the position of oil and gas as energy sources, which are considered... The mainstay of our economies, and sustaining them in a responsible and environmentally friendly manner is in our interest as countries. For this goal, we have begun launching carbon reduction projects financed by carbon bonds for gas projects in the East Baghdad field.” He stressed that "the oil-producing countries can play an important role in this field, by working to improve energy efficiency, because climate restrictions are to combat the climate effects of fossil fuels, not the fuel itself, in order for oil to remain competitive in terms of its carbon footprint, when it becomes A feature of oil pricing,” pointing out that “Iraq has made strides in the fields of renewable energy, by adding solar generating capacities estimated at three thousand megawatts.” He stated, "The government has set a clear goal of covering one-third of the local need for electricity by investing in renewable sources by 2030," pointing out "continuing to upgrade fossil fuel extraction techniques, and taking into account environmental aspects in this field." He pointed out, "Most important of all is what we have planned for the optimal investment of gas, as our government is continuing with those efforts in order for Iraq to take the position that suits its capabilities in this economic market, in light of the global growth in demand for gas, which exceeds the supply." Much," pointing out that "our government's vision adopts an approach in the energy sector, the basis of which is seeking to compensate for what our country lost, as successive regimes in Iraq, since the discovery of oil, did not invest in gas and resorted to burning it, which wasted this wealth and caused environmental pollution." He stated that "the severity of the problem doubled with the loss of opportunities, the growing need for electric power, and Iraq being forced to import gas, and the Iraqi people suffered the harm they suffered as a result of delaying and waiting," noting that "Iraq's presentation of the importance of gas investment, through the fifth and sixth licensing rounds, It will create the opportunity to work and cooperate with global partners, which does not pose a threat to any producer or marketer, but rather aims for greater integration.” He pointed to “Iraq’s ability and entitlement, due to the resources and capabilities it possesses, to establish a solid foundation for partnership,” explaining that “the opportunity has become ripe to achieve success together in creating factors that encourage peace. In the end, the matter depends on the type of approach that we will take, and we have chosen an approach that confronts the challenges and brings together far apart, in addition to the necessity of diversifying energy sources and transportation methods, in order to reduce risks, as part of a broader framework for economic cooperation, consolidating security, and reducing reliance on security approaches based on conflict, competition, and armament.” He stated that “solid infrastructure projects, with a wide impact on trade and regional transport, will attract international donors and development institutions, and this is what we are working on with all our capabilities,” adding that “our region, which is rich in natural resources, and which has been coupled at the same time with security turmoil and political competition, “It needs economic integration and a regional system that establishes cooperation and prosperity.” He continued, “It is an unprecedented development road project in Iraq and the region, and it is being implemented, and we have proceeded with the projects attached to it, and it carries a package of positive economic goals in the medium and long term,” stressing “the necessity of creating a possible and promising practical interconnection between the countries of the region and the world, from Through the development path project, and through a philosophy that believes in the communication of investors and capital, from the largest possible number of countries and peoples, so that our region becomes a platform where interests, development desires, and job opportunities meet, after it was a scene of political and security tensions, and thus Iraq has taken a giant step. “On the path to enhancing cooperation with and among others.” He stated, “In order to achieve balance in the energy market, we are in dire need of joint coordination, and to prevent negative competition, as some people dispute the coordination mechanism adopted in (OPEC+), but we draw attention to the necessity of balancing supply and demand, and preventing economic collapses and their consequences.” political and social, and the effects on the stability of the regions, as well as peace, security, and the state of stability internationally,” pointing out that “this mechanism contributes to the ability to maintain the stability of supplies and prices, as these coordination mechanisms do not only target oil prices, but rather go to support market stability globally.” “Guaranteeing the interests of the producer, consumer, and investor alike.” He noted that, "Our government has placed among its priorities economic reform, which is centered around diversifying the economy instead of relying on oil. This is done through integrated projects for energy, industry, petrochemicals, fertilizers, and community services. We have developed a plan that includes eleven fields to be the first step towards these projects." He called on “specialized international companies to invest in these promising opportunities in light of a government commitment to creating and improving the work environment for the private sector, both local and foreign.” He stressed "the need to coordinate efforts, allocate budgets, and make large joint investments in modern technologies and the infrastructure necessary to develop extraction and refining techniques." The Prime Minister thanked "the Russian Federation, under the leadership of President Putin, and those organizing this highly important forum, which we view as a responsible and reliable opportunity to open new doors for constructive cooperation, participation in the development of energy resources, and finding broader outlets for prosperity and investment."
  7. The Commission determines the counting and sorting mechanism in the Kurdistan Parliament elections Time: 2023/10/11 14:11:04 Read: 741 times {Politics: Al-Furat News} The Independent High Electoral Commission has determined the mechanism for conducting counting and sorting in the Kurdistan Regional Parliament elections, scheduled for the twenty-fifth of next February. Commission spokeswoman Jumana Al-Ghalai said in a press statement, “In order to ensure the integrity of the electoral process in the Iraqi Kurdistan Regional Parliament elections on February 25, 2024, the Board of Commissioners decided to conduct manual counting and sorting for all polling stations, and in the same polling stations, after the end of the electronic counting and sorting and printing phase.” Reporting the results, for the purpose of matching the results of electronic and manual counting and sorting.” Jumana Al-Ghalai added: “If the results of the electronic and manual counting and sorting are identical, the results of the electronic counting and sorting will be approved.” She noted that "in the event of a discrepancy between the results of the electronic counting and sorting and the manual counting and sorting at the same polling station by less than 5% of the valid papers inside the box, the results of the manual counting and sorting at the station will be approved." Al-Ghalai pointed out that “if the results of the electronic counting and sorting do not match the results of the manual counting and sorting by 5% or more of the total valid papers inside the box, the station will be transferred to the central audit center in the governorate, for the purpose of auditing the station and re-counting and manual sorting, and the Commission approves the results.” Manual counting and sorting of ballot papers at the governorate’s audit center.” She continued, "If the results are not sent by the electronic counting and sorting device via the transmission medium to the results tabulation center in the National Office after 6 hours have passed from the end of the polling time, those boxes will be transferred to the central audit center in the governorate to audit the station and repeat the manual counting and sorting process." The Commission approves the results of the manual counting and sorting of ballot papers.
  8. The President of the Republic receives a written message from the King of Saudi Arabia Time: 2023/10/11 13:36:25 Read: 1,287 times {Politics: Al-Furat News} The President of the Republic, Abdul Latif Jamal Rashid, received a written message from the King of Saudi Arabia, Salman Abdul Aziz. A presidential statement, a copy of which was received by Al-Furat News, stated that Rashid received today, Wednesday, at Baghdad Palace, the Saudi ambassador to Iraq, Abdulaziz Al-Shammari. According to the statement, King Salman’s message included “the Kingdom’s desire to strengthen relations between the two countries in a way that serves the common interests of the two brotherly peoples, and the importance of coordinating positions in confronting the challenges facing the region.” During the meeting, President Rashid stressed the need to consolidate relations between Iraq and the Kingdom and expand the horizons of constructive cooperation for the benefit of both countries. For his part, Ambassador Al-Shammari stressed the Kingdom's keenness to strengthen its relations with Iraq and support its security and stability, praising the positive developments that Iraq is witnessing in various fields.
  9. {My Account}.. an electronic project to facilitate the distribution of salaries to the region’s employees Time: 2023/10/11 13:27:36 Read: 975 times {Local: Al-Furat News} The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, visited today, Wednesday, the General Directorate of Erbil Police to follow up on the progress of registration work in the (My Account) project. The Prime Minister said in his speech that the (My Account) project will facilitate the process of distributing the salaries of public sector employees in the region, and its scope will be expanded to include the private sector as well, which will benefit all citizens. He added that the (My Account) project includes several stages, the first of which began in a hospital a few months ago, and is still progressing successfully. As for the second stage, it was represented by the official announcement of the start of registration in the project on September 3 of last year, and more than 65,000 people have registered for it. person so far. The Prime Minister expressed his hope that the (My Account) project would include all public sector employees within two years, indicating that the government is seeking to reach an agreement with the participating banks to expand the scope of the project to include the private sector. He explained that the process began in Erbil, and will soon include Dohuk and Sulaymaniyah, for the benefit of all employees, noting the participation of three banks in the project, with ongoing efforts to agree with other banks to participate in it. The Prime Minister stated that those registered in the project will soon receive bank cards from banks, which will allow them to withdraw their money from ATMs easily, and this will help facilitate daily transactions for citizens, reduce corruption and money laundering, and ensure the distribution of salaries on time. He continued: "We are in contact with the federal government, with the Prime Minister, and with the Governor of the Central Bank of Iraq, and I informed them that the success of an accounting project in the Kurdistan region will benefit all of Iraq. They were pleased with that, provided many facilities, and expressed their support for us in this regard." The Prime Minister thanked the Minister of Finance of the Kurdistan Region for his continued support and clear efforts in the project. He also expressed his thanks to the members of the Prime Minister’s Office who worked hard in its implementation. He also praised the role of the Information Technology Department in the Regional Government, which played a major role in the success of the process. He pointed out that expanding the scope of the (My Account) project to include all employees and the private sector will contribute to enhancing tourism activity, as it will lead to an increase in the use of bank cards instead of cash, which is what many tourists prefer. The Prime Minister reiterated that the process of digitizing the banking system will contribute significantly to establishing an infrastructure that enhances the stability of the economy in the Kurdistan Region, which will reflect positively on the lives of citizens and the efficiency of the work of banks.
  10. Al-Sudani: The government welcomes all who wish to contribute to development and reform Time: 2023/10/11 13:08:27 Read: 793 times {Politics: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani met today, Wednesday, with a group of the Iraqi community residing in the Russian Federation, on the sidelines of his official visit to the Russian capital, Moscow, at the invitation of Russian President Vladimir Putin. During the meeting, Al-Sudani listened to a comprehensive presentation on the conditions of the Iraqi community, the progress of their affairs, their requirements, and the most important obstacles and difficulties they face in their residency. In his speech to the elites of the community, he stressed that the government is moving forward with implementing economic, administrative and service reforms that will touch the Iraqi street and fulfill the ambitions of the people and what they expect from the government. Al-Sudani also pointed out the importance of the contribution of Iraqi competencies, wherever they are, to building Iraq and achieving the desired progress, expressing the government’s welcome to embrace all who wish to contribute to development and reform, stressing that the government is committed to supporting Iraqi citizens everywhere, and is keen to facilitate their affairs and provide all services. Managing them and taking care of their affairs.
  11. Rashid: The security agreement with Iran embodies Iraq’s rejection of any aggression from its territory against neighboring countries Time: 2023/10/11 12:28:02 Read: 702 times {Politics: Al-Furat News} The President of the Republic, Abdul Latif Jamal Rashid, discussed, today, Wednesday, at Baghdad Palace, with the Iranian Ambassador to Iraq, Muhammad Kazem Al Sadiq, bilateral relations and developments in the region. President Rashid stressed in a statement, a copy of which was received by {Al-Furat News}, "the necessity of joint coordination and cooperation in files and issues of common interest in a way that achieves security and stability and enhances the chances of peace in the region." Rashid referred to the security agreement signed between the two countries and its importance in consolidating the security of the common borders, indicating that the agreement embodies Iraq’s position rejecting Iraqi lands as a starting point for attacking any of the neighboring countries, and stressing in this regard the necessity of Iraq’s right to protect its security and sovereignty from violations and breaches that It affects Iraqi cities, especially in the Kurdistan region. For his part, Ambassador Muhammad Kazem Al Sadiq stressed the Islamic Republic’s aspiration to strengthen cooperation and coordination with Iraq in various fields, and to support security and stability for the Iraqi people.
  12. Iraq and Russia conclude a memorandum of understanding in the field of preventing corruption and reporting the residence of accused persons Time: 2023/10/11 09:47:52 Read: 1,729 times {Local: Al-Furat News} The Federal Integrity Commission and the Public Prosecutor’s Office in the Russian Federation concluded a memorandum of understanding. To develop and strengthen bilateral cooperation, and coordinate efforts in the field of corruption prevention and its effects and consequences. The memorandum of understanding, which was signed on behalf of the Commission by its Chairman, Judge Haider Hanoun, and on behalf of the Public Prosecutor’s Office in the Russian Federation, Prosecutor General Igor Krasnov, aims to share and exchange visions, policies, experiences and studies regarding comprehensive measures taken to prevent and combat corruption, and implement relevant technical plans. areas of cooperation in accordance with this Memorandum, as well as the exchange of information in the field of non-criminal investigations on suspected violations committed by officials, including data on their bank accounts, business involvement, other property, beneficial ownership and residence permits; This is within the framework of preventive measures against corruption. The memorandum included providing advice on legal issues during the preparation or preparation of requests for legal assistance in criminal cases related to corruption crimes, assistance in law enforcement, and the exchange of information and investigations on smuggled corruption funds, and the places of residence of the accused and convicts present on the territories of both parties. The articles of the memorandum emphasized the exchange of technical visits. To enhance the benefit of the experiences and expertise gained by both parties, and to activate advanced technical training programs. To develop the capabilities of members of both parties in the areas of preventing and combating corruption, and to enhance joint cooperation through training programmes, workshops and conferences in the field of developing and enhancing community awareness of the causes, forms and manifestations of corruption; In order to disseminate knowledge of means and methods of preventing corruption, and to consolidate the elements of integrity and transparency.
  13. Joint: Controlling the borders with Syria has reached its final stages, and major work is being done towards Iran and Turkey Time: 2023/10/11 00:43:11 Read: 2,431 times {Umniah: Al-Furat News} The Joint Operations Command stressed the importance of controlling the borders by enhancing the capabilities of the border forces with military equipment and technologies. Operations spokesman, Major General Tahseen Al-Khafaji, explained in a press statement, “The Operations Command emphasizes controlling the borders by strengthening the border forces, as well as equipping them with capabilities, equipment, and capabilities that enable them to control and control the borders.” He added, “We have reached the final stages in the operations to control and control the borders with Syria, and there is great work towards our borders with Turkey, and this is what the Commander-in-Chief of the Armed Forces stressed on the necessity of strengthening the border guard forces in the first region and building watchtowers,” noting that “we have begun to establish and strengthen the border forces, and according to the statistics of the Ministry of the Interior, the number has reached 6 thousand.” From the border guards in that region.” He pointed out that “there is major work towards the Iraqi-Iranian border through the construction of the Hawiza Marsh Dam, which will prevent smuggling operations and control the borders, in addition to other work towards strengthening the border guards with very high units and capabilities.” In turn, the military expert, Major General Majid Al-Qaisi, said in a press statement that “there is a plan to build a security fence on the border starting from north of Al-Qaim to Tal Al-Suf, and it is being monitored very intensively,” noting that “there are three lines to protect the border with Syria to prevent ISIS infiltration.” Iraq focused on these areas.” He added, “Iraq has all the necessary capabilities to protect the borders through great capabilities and border points that hold the land with Jordan and the mountainous borders to the northeast. Therefore, Iraq has strengthened its combat and technical capabilities to guard the borders in those areas and throughout Iraq’s borders.”
  14. Member of the Fatah Revolutionary Council: The world bears responsibility for what is happening in Gaza today Time: 10/10/2023 20:26:42 Read: 1,794 times {Local: Al-Furat News} Tayseer Nasrallah, a member of the Fatah Revolutionary Council, held the world and the UN Security Council responsible for the genocide that is happening today in Gaza. Nasrallah said {to Al-Furat News} that: “There is collective punishment practiced against the Palestinian people, and there is a burning of all world systems, international laws, and human rights.” He added, "I see that we are heading toward a state of instability for everyone, and the equation changed in the maximum flood." Nasrallah stated, "The Palestinian people are accustomed to confronting this aggression and showing legendary steadfastness, and the world and the Security Council bear responsibility for the genocide that is taking place in Gaza." The Palestinian Ministry of Health in Gaza reported on Tuesday that 830 Palestinians were killed and about 4,250 others were injured. Operation "Al-Aqsa Flood", launched by the Al-Qassam Brigades, the military arm of Hamas, continues for the fourth day in a row on Saturday, in response to the Israeli occupation's violations in the occupied Palestinian territories. On the other hand, the Israeli occupation launched a military operation against the Gaza Strip, and launched a series of raids on several areas there, resulting in dozens of martyrs and hundreds of wounded. Israeli occupation aircraft launched violent, unprecedented raids on the Al-Rimal neighborhood, west of Gaza City, resulting in martyrs, injuries, and the destruction of large numbers of buildings, residential towers, and institutions.
  15. Mr. Al-Hakim: The political agreement paper is a road map for urgent issues, and the implementation rate has reached 55% {expanded} Time: 10/10/2023 19:19:44 Read: 1,417 times {Politics: Al-Furat News} The head of the National State Forces Alliance, Mr. Ammar al-Hakim, confirmed that the political agreement paper for the State Administration Coalition was 55% sold out. Mr. Al-Hakim said at the Middle East Dialogue Forum (MERI) in Erbil, “We referred to the sacrifices made by all Iraqis in building the Iraqi democratic experience, and we stressed Iraq’s need for more cooperation and partnership among its people to achieve the country’s interests and the well-being of the people,” expressing his “happiness to visit the Lalish Temple.” And the participation of the Yazidi brothers in the Eid of collectivism, and we referred to the nature of the ordeal that the people of this component experienced and said that we called on them to adopt the principle of justice and to move away from revenge and the approach of healing. We also explained the nature of the role played by the Al-Hakim International Foundation in hosting the Yazidi women survivors at the United Nations meetings, and we also referred to a similar plight. The plight of our Yazidi sisters is represented by the plight of Shiite Turkmen women. We explained that the Sinjar Agreement came as a result of in-depth dialogues between the active parties such as the federal government, the regional government, the local government, and the UNAMI mission, and we confirmed that the implementation was not as stated in the agreement. Each party was looking at the agreement from the angle that achieved its interests, which led to obstruction, and the Yazidi brothers had nothing to do with it, as We expressed our hope that the provincial council elections would lead to a reassuring equation capable of producing representatives for Sinjar and an acting judiciary. We explained that the coordination framework is an extension of the National Alliance and the United Iraqi Coalition, and all of them are titles that express the political base of the largest social component, but that does not mean that it bears full responsibility because the responsibility is participatory and each bears according to his ability and role, and we explained that the circumstances were not ideal in reference to the challenges of exiting a totalitarian regime. To a democratic system and the challenges of terrorism and societal conflict in its various forms, as well as the absence of a clear equation with the presence of a regional and international vision wary of what happened, and we called on us to take the challenges into consideration with every evaluation process that seeks fairness. We showed that Iraq has overcome the complex stages and was able to provide good climates, pointing to the relative security, political and social stability. We pointed out that the State Administration Coalition is the first cross-component ruling coalition to participate in decision-making through regular periodic meetings and conferences. We stressed the importance of the political will to pass important laws such as the Federal Council, the Federal Court Law, and the Oil and Gas Law, and we hoped that the State Administration Alliance would be able to approve these laws and implement the agreed upon political agreement paper, and we sensed through our meetings with the leaders of the Kurdistan region the presence of a serious will to pass these laws. We reminded us that the State Administration Coalition was formed in accordance with the political agreement paper, and we described the agreement as a road map for urgent issues. We pointed out the existence of a serious will from the person of the Prime Minister to implement the agreement, and there is periodic information for the State Administration Coalition on the path of the agreement, and the implementation rate reached 55%. We called for in-depth dialogues to pass the agreement. Laws and overcoming the complex represented by each party’s view of the laws from the perspective of its vision or its own interest. We also called for exploiting the opportunity in light of the existence of the state administration coalition, political stability, and the personality of the Prime Minister. We stressed that our optimism is always accompanied by positive data and not optimism for the sake of optimism, and we warned of the prevalence of the phenomenon of pessimism and brokenness and its danger to nations if they are afflicted by it. We also confirmed the cohesion of the coordination framework and that it takes courageous decisions. We also explained that the state administration cannot be dependent on the positions of social media, and we must explain the decisions to our people if we believe they are correct, and that early elections are an emergency that comes to address something urgent and cannot be a substitute for the constitutional timing of the elections. We also emphasized the government’s need for stability and we must give it sufficient opportunity to implement its program. We explained that there are local elections through which everyone can express their vision. We made clear that the official timing for the upcoming parliamentary elections is not far away and there is no need for early elections that may contribute to the age of one year for every objector to demand them. Thus weakening the political system. 🔹We called for a distinction between the Popular Mobilization Forces and the armed factions, and we said that the Mobilization Forces is an institution that falls within the Iraqi defense system and is supported by a law voted on by the House of Representatives, and work is underway to complete its institutional structure and integrate it under the banner of the decisions of the Commander-in-Chief of the Armed Forces, while we pointed out the necessity of dealing with the factions from the standpoint of friends. Those who gave blood and sacrifices to liberate the land. We also called for containing them and clarifying the nature of the interest that links them to the power of the state and its general framework. We also made clear that Iraq is not an exceptional case among all countries that have experienced similar situations, and we warned against the negative repercussions of the negative views of these factions or their classification and classification in other frameworks. While we pointed out the integration of many of these factions into the political process and political system. 🔹With regard to the Palestinian issue and the current developments in Palestine, we made it clear that Palestine is a bleeding wound in the body of the Arab and Islamic nation, and there is suffering that has extended for more than eighty years and the obstruction of most of the international legitimacy resolutions that are in the interest of this people, and that the extreme right-wing Israeli government has increased the tension in light of its silence. The international community about this situation. We showed that there is great Arab and Islamic sympathy for the situation in Palestine, and we expressed our rejection and denunciation of the policy of cutting off the necessities of life from the Gaza Strip, such as water, lunch, medicine and fuel, in light of the political cover provided by some countries of the world. We also called for ending the matter in a way that preserves the Palestinian people and their interests and activating international resolutions and initiatives. Which was launched to form the independent Palestinian state.
  16. Plasschaert praises the government's reforms in the financial and banking sectors The first 10/11/2023 Baghdad: Al-Sabah Yesterday, Tuesday, the Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert, welcomed what she described as the important steps taken by the Iraqi government in reforming the financial and banking sectors. In her briefing before the UN Security Council, Plasschaert explained, “The Iraqi government has taken important steps in reforming the financial and banking sector, and an electronic platform for selling foreign currencies has been launched that enhances transparency.” She added, "The Iraqi government has implemented measures to follow up on the extradition of those involved in stealing Iraq's money, and has also taken steps in the budget that allow for an increase in private sector investments," indicating that the tripartite budget included paragraphs to meet urgent needs such as infrastructure development projects, and also included the highest financial allocations to provide social services such as care. health and education.” She continued, "The government has developed a national strategy to combat drugs and psychotropic substances as part of its efforts to confront this danger," noting that "the climate change file constitutes a real challenge in Iraq, and the government has placed achieving water security at the top of its priorities." Plasschaert welcomed "the ongoing efforts to activate bilateral committees between Iraq and Turkey related to border security," while noting that "Iraq has made clear efforts to secure the situation on the border with Iran and Turkey, and its agreement with Iran falls within the dialogue in accordance with international standards." Regarding Khor Abdullah, Plasschaert revealed that the Iraqi government has made clear beyond doubt its commitment to the principles of international law and its respect for bilateral agreements and United Nations resolutions. She pointed out in her briefing that “provincial council elections represent a crucial necessity for all Iraqis and all actors at the national level.” Or regional, is called upon to play its role in maintaining stability in the period leading up to the elections, including efforts to combat false and misleading information.”
  17. Replacing the dinar with the dollar Economical 10/09/2023 Muhammad Sharif Abu Maysam Finally, the Central Bank of Iraq announced in a statement last week that “the coming year will witness the restriction of all internal commercial and other transactions to the Iraqi dinar instead of the dollar, except for those delivered to travelers.” To finance foreign trade directly for merchants dealing in remittances outside the electronic platform, through licensed banks that will deal with correspondent banks in foreign transfer operations and in the local currency of the country from which the merchant wants to import. Then the dollar auction will be gradually dispensed with and the central bank will intervene to control the exchange rate through a shift in its tools. Cash, which will be more effective in achieving monetary stability, due to the expected decline of the so-called black market and the emergence of a real parallel market that will contribute effectively to financing the total demand for foreign currencies after the local currencies of the trading countries are traded within the parallel market following the opening of transfer channels for those currencies in a way Official. Thus, we will witness a new phase in which exchange rates will be more stable than the phases witnessed in previous years if dollar smuggling operations are controlled, which is expected to recede automatically with the decline of the dollar supply on the black market. At that time, the country will witness the real beginning of an attractive investment environment, as the confusion in the dollar exchange rate was often an element that repelled investors due to their inability to delve into the area of expectations in which the exchange rate was fluctuating, which makes financial feasibility studies more difficult in calculating construction and operating costs and recovery periods. Total costs and profit calculations. This is in addition to other repulsive factors, which were the confusion of the security situation, the incompleteness of legislation related to the investment environment and the regulation of market relations, the failure to activate the package of economic laws that had been legislated, and the spread of corruption and bureaucracy. However, there is a problem linking the exchange rate and the costs of production in neighboring countries compared to the costs of production inside Iraq. The lower the exchange rates of neighboring countries’ currencies are against other currencies, such as in Turkey, Iran, and Syria, compared to the exchange rate of the Iraqi dinar, the lower the cost of producing goods in those countries. The cost of production is comparable to that in Iraq, which makes the investment environment unattractive at the level of production of traditional goods produced in neighboring countries unless borders are controlled to protect the local product in addition to protecting exchange rates from currency smuggling.
  18. Demands for linking the currency sales window with customs to control prices Economical 10/11/2023 Baghdad: Haider Falih Al-Rubaie Those concerned with economic affairs reduced the risks that could be caused by the rise in the exchange rate of the dollar in the parallel market, stressing that the stability of the costs of goods and materials in the local market resulted from financing foreign trade with the official rate of the dollar, while they attributed the continued rise of the green currency to the expansion of the volume of speculation and financing. Some foreign trade and meet the needs of travelers. Despite the tireless efforts made by the monetary authority in the country, the price of the dollar witnessed an increase yesterday, amounting to 164 thousand dinars per 100 dollars, while economists urged during their talks with “Al-Sabah” the need for the government authorities to resort to expediting the linking of “ Customs with the currency sales window at the Central Bank,” stressing that this measure is sufficient to regulate internal trade and limit the rise in prices. The researcher and specialist in economic affairs, Bassam Raad, pointed out during his talk to “Al-Sabah” that “what is happening now in terms of the rise in the exchange rate parallel to the dollar is the result of the expansion of speculation operations to achieve estimated profits without effort or fatigue, which has led to a significant increase in demand.” On the dollar. Raad pointed out, “The facts confirm that the monetary policy has sufficient foreign currency reserves, as those reserves at the Central Bank exceeded (110) billion dollars, according to the latest statements, and these reserves are capable of bridging the gap between the two prices,” noting at the same time, that the selling window The currency continuously meets all dollar requests for external transfers and documentary credits aimed at financing foreign trade, which means that a flow of goods or services will enter the commercial markets at the official exchange rate (1310) dinars per dollar. It is assumed that these sales will limit the impact of the parallel exchange rate on commodity prices. and services in commercial markets. The spokesman stressed the necessity of “regulating internal trade and linking the General Customs Authority to the foreign currency sales window in order for the internal markets to be controlled effectively and efficiently and with a reasonable and acceptable profit margin for the seller and buyer, in a way that maintains the stability of commodity prices and the growth of commercial market activity,” calling at the same time for research. “For new means of exchanging the values of payments or commercial barter with countries with which the electronic platform cannot finance trade due to their being subject to US sanctions or entering into understandings to obtain temporary or permanent exceptions.”
  19. The beginning of the end for the currency window Economical 10/11/2023 Yasser Al-Metwally We have always followed the decisions and actions taken by the Central Bank in its monetary policy, and here on the economic page of the morning, and since the work of the window, that is, since it announced the start of a currency auction, until the present day, and we have monitored the positive and negative effects of it and diagnosed them in many of my articles here, and we were convinced of the necessity of letting monetary policy take its own path without... Parliamentary and governmental interventions through statements from some non-specialists. Now that the Central Bank has been able to prepare the appropriate ground for leaving the currency auction or window, which in previous periods helped overcome liquidity crises that almost destroyed the value of the national currency. After completing the use of the electronic platform in its correct form, even if there are comments searching for convincing and non-justification solutions, the time has come to dispense with the window and transfer the process of financing foreign trade through banks through their correspondents abroad, thus lifting the guardianship cover from private banks for reasons that were related to their performance. Now we are required to track the advantages of this measure, which is scheduled to be implemented early next year. The first advantage is that this measure restores to banks their role and responsibilities in providing banking services, which is the goal of their establishment. Secondly, this measure will limit the monopoly of government banks and their acquisition of trade financing. Thus, this measure will contribute to assisting absent government banks in foreign trade financing operations and generating a competitive banking market. It will also help in concentrating capital in the hands of private banks, enabling them to raise their capital from one billion to 400 billion, and enhancing their credit capabilities to contribute to the process of economic development. This is an important goal in itself, but the most important question remains: What about the 14 sanctioned banks and the other 4 banks sanctioned before them? We believe that the Central Bank must help these banks to enable them to return to practicing their banking activities. However, these banks are required to improve their performance by adhering to the conditions and controls of the Central Bank that are consistent with the requirements of international standards required to practice banking activity in order for them, too, to be able to meet the requirements for raising their capital. A question remains. Another important thing: What is the impact of closing the currency window on providing the liquidity required to cover the operational budget requirements? We understand the measures taken in light of this question, but what is important is to inform the public of the mechanisms for dealing with this aspect and dealing with the effects before they occur, and thus spreading the culture of how to deal with decisions to deal with crises in a shock manner until prices stabilize.
  20. Launching the electronic passport system in Kirkuk The first 2023/10/11 Kirkuk: Nahdet Ali Kirkuk Governorate opened the electronic passport system with international technical and security specifications, making it the eighth governorate operating in it. Governor Rakan Saeed Al-Jubouri explained to “Al-Sabah” that his administration opened the electronic passport system, to begin working with it for the first time to serve the citizens of Kirkuk, and to simplify the procedures before them in obtaining the passport, noting that the governorate provided a modern building for the Directorate of Nationality, Passports and Residence, equipped with cooling systems and elevators. Electricity and computers, expressing his administration’s support for the process of using modern technologies and automation, in a way that enhances citizen confidence in state institutions. It is noteworthy that Kirkuk Governorate is the eighth governorate that operates this system.
  21. Advisor to the Prime Minister: Supporting electronic payment is one of our priorities Economical 10/11/2023 Baghdad: Hussein Thaghab Advisor to the Prime Minister, Mohamed Al-Najjar, stated that supporting the electronic payment project is one of the priorities of the Sudanese government, noting that this creates safe financial transactions and moves the financial sector to a better stage. Electronic transactions are witnessing a clear expansion during the current period after the public of customers experienced a real benefit from the use of electronic payment tools that now provide secure transactions that have attracted a wide segment of citizens, as points of sale have reached 23,000 distributed among various regions of the country. Al-Najjar stressed, in an interview with “Al-Sabah,” the necessity of seriously striving to develop the reality of electronic payment, which is the most prominent future trend to develop the reality of financial transactions in Iraq, pointing out that Prime Minister Muhammad Shiaa Al-Sudani attaches great importance to this issue, creating safe financial transactions that move the financial sector to... Better stage. He pointed out that achieving cashlessness in financial transactions is extremely important, and electronic payment is a new addition to transactions in the local market, and every citizen must be aware of its importance and the benefits derived from it, indicating that Iraq requires a redoubled effort to develop the reality of financial transactions. Electronic payment is an important axis for developing the Iraqi financial sector and moving it to an important, more advanced stage, especially since the large Iraqi monetary mass is circulating within the banking system, amounting to between 30 and 40 trillion dinars. As for the Executive Director of the Iraqi Private Banks Association, Ali Tariq, he said: Electronic payment has achieved clear growth over the past years despite a number of challenges that limited the citizen’s acceptance of receiving this new guest. However, time was sufficient to change society’s visions towards electronic payment after seeing the real benefits. Due to the adoption of electronic cash transactions. Tariq stressed that the reality of electronic payment is constantly evolving through the development of the performance and multiplicity of electronic services, which helps in achieving greater benefit to the audience of customers, pointing out that the Central Bank of Iraq and the Association of Banks support the development of the reality of electronic payment and the expansion of products whose ceiling is constantly rising. Tariq pointed out that the number of ministries and government institutions that have contracted with electronic payment companies and published points of sale is 337 institutions. He added that points of sale have grown by 123% since the Council of Ministers’ decision, and until now, there were 10,718 devices, while now there are 23,906 points of sale distributed to 19,696 in stores and private institutions, 4,210 in ministries and government institutions, stressing that the number of financial settlements that took place through points Sales amounted to about 1.56 million transactions, including 1.15 million transactions for the private sector, and 403.7 thousand transactions for government institutions since the start of the decision until today. Meanwhile, financial affairs specialist Hisham Khaled Abbas welcomed the effort being made to shift to electronic transactions and move away from cash transactions, pointing out that achieving universality in adopting advanced systems leads to changing the reality of the Iraqi economy to a better stage. He pointed out in an interview with “Al-Sabah” that achieving the goals of developing financial transactions is not complicated in light of the great and serious support of Prime Minister Muhammad Shiaa Al-Sudani and the cooperation of the largest specialized international companies that can bring advanced technology to the local market. Abbas pointed out that there is interaction by the Iraqi citizen with electronic payment, and his circle of adoption is expanding continuously after realizing that adopting the card is safer than carrying money and roaming in various markets, or when traveling outside the country.
  22. Sudanese-Putin discussions Iraq 10/11/2023 Ahmed Abdel Hussein Prime Minister Muhammad Shiaa Al-Sudani's visit to Russia, which he began yesterday, comes at a very sensitive regional and international circumstance, as it coincides with the inflammatory situation in the Palestinian territories and the crimes of the occupation that are seen putting the region and perhaps the world on the threshold of a major crisis from which Iraq, which is geographically close, will not be immune, nor will Russia be. Seeking a multi-polar world, On the spectator seats. Iraq's relations with Russia, as they were with its predecessor, the Soviet Union, have always been special. Today, they constitute the necessary equivalent of exiting a new international order, the scene of which Iraq was announced in 1991 and its first victim. Since the fall of the dictatorial regime, Iraq has remained in a contrived isthmus of successive security crises. As soon as one of them ends, we are surprised by another, until the crises were concluded by ISIS’s criminal attempt to extend its influence over the country, and its adventure ended with the victory of Iraq, which opened its eyes and found itself faced with many challenges and entitlements. The challenge of developing the economy and embarking on reconstruction is at the top of her list. These challenges require the presence of a political and economic partner capable of creating an environment different from what was the case under the previous demarcation, which stabilized Iraq in a state of stagnation, preoccupied with healing its many wounds. Russia, with its political and economic standing, is the most capable of playing such a role. The files that the Sudanese discussed with Putin mostly focused on the economic aspect, such as the energy file, the development of the oil sector, and the opportunities for the presence of Russian companies in a country that is witnessing an unprecedented movement in the fields of investment. These are the files that, if activated, will have clearly visible effects on the life of the Iraqi citizen, and will also be clear on the situation of Iraq and its position in its region. The tense situation in Palestine was not far from the discussions of the two parties, because today the entire region needs a Russian role to alleviate the intensity of Western isolationism, which has always and forever been a cause of dilemmas and no solution to them.
  23. Al-Sudani discusses with Putin bilateral relations and regional issues The first 10/11/2023 Baghdad: Muhammad Al-Ansari Prime Minister Muhammad Shiaa Al-Sudani and Russian President Vladimir Putin discussed in the Kremlin yesterday, Tuesday, bilateral relations between the two countries and mechanisms for enhancing joint cooperation in vital fields. Al-Sudani called on Russia to take urgent action in the UN Security Council in order to stop the massacre committed by the Israeli occupation forces against the Palestinians in Gaza strip. Al-Sudani met, in the Kremlin yesterday afternoon (Baghdad time), with the President of the Russian Federation, as part of his official visit to Moscow, which he arrived in the morning in response to an official invitation. During the meeting, an expanded meeting was held that included the official Iraqi delegation and the Russian side, which dealt with bilateral relations between the two countries and mechanisms for enhancing joint cooperation in various vital fields, most notably the energy file and the development of the oil industries sector, as well as discussing the presence of Russian oil companies in Iraq, which It is witnessing a major movement in the field of investment, within the government's vision and strategy to advance the Iraqi economy and diversify its resources. The meeting witnessed discussion of a number of regional and international issues of common interest, and discussed the dangerous developments of current events in the occupied Palestinian territories, as the Prime Minister affirmed - according to a statement by his media office - Iraq’s firm position on the Palestinian issue, and the right of the Palestinian people to live in dignity and justice, calling on Russia To take urgent action with the permanent members of the Security Council to stop the ongoing attacks on the Palestinian territories. For his part, the Russian President pointed to the depth of the historical relations between the two friendly countries, indicating that the energy sector is a promising and open field towards more fruitful and effective cooperation. He also welcomed Sudanese participation in the sixth session of the Russian Energy Week Forum scheduled to be held today, Wednesday, which represents an important opportunity to expand the horizons of the partnership between the two countries in developing the energy, oil and gas sectors. Regarding the recent events that took place in the Palestinian territories, Putin pointed to the movements and efforts being made to stop the dangerous security repercussions that are clearly escalating. A Russian statement quoted Putin as saying during his discussions with Al-Sudani: “Moscow and Baghdad are successfully coordinating work within the framework of (OPEC+) to achieve stability in global energy markets, and I hope that we will continue to work in this approach.” He added, “The energy sector is an area key to cooperation between Russia and Iraq. Regarding the size of Russian investments in Iraq, Putin said, addressing Al-Sudani: “Our largest companies operate in your country (Iraq) with great success. The total investments of our companies amounted to about 19 billion dollars. There are prospects for further development of cooperation.” Putin also called for working to increase trade exchange between the two countries, noting that "the volume of bilateral trade between Russia and Iraq decreased this year, so there is something that can be discussed regarding the development of economic relations." According to the Russian President, the decline in trade between the two countries this year comes after it increased last year by 43%. He pointed out that relations between Russia and Iraq are developing with great momentum, and stated that the two countries will celebrate next year the eightieth anniversary of the establishment of diplomatic relations. Moscow and Baghdad have strategic and historical relations, and approximately 50 Russian companies currently operate in Iraq, including Lukoil and Gazprom Neft, the oil arm of the Russian company Gazprom. Russia is currently implementing a large project to rebuild and modernize a factory for glass and ceramic products in the city of Ramadi in Anbar Governorate, and a Russian industrial alliance has begun the practical implementation of this project for the benefit of the Iraqi Ministry of Industry and Minerals.
  24. The US Treasury calls for reform of international financial institutions Today, 09:55 Al-Ghad Press / Baghdad US Treasury Secretary Janet Yellen called on Wednesday for a series of measures that would improve the financial capabilities of international financial institutions while pushing them more explicitly toward financing the fight against climate warming. The American Secretary said during a speech she delivered at the Mohammed VI Polytechnic University in Ibn Jarir, Morocco, on the sidelines of the annual meetings of the World Bank and the International Monetary Fund held in Marrakesh, “At the annual meetings in 2022, I called for development in multilateral development banks.” A year later Accordingly, we have made great progress, and reforms are now at the top of the G20 agenda.” Among these measures, Yellen mentioned the development of the missions of the World Bank, whose mission will be “to end poverty in a livable world,” citing words by World Bank President Ajay Banga during a conference held in Washington at the end of September. Janet Yellen stressed that "it has become generally accepted that combating climate warming and other global challenges is essential for development." The American Secretary also called for strengthening the operational capacity of the World Bank, which Banga considered to be "suffering from a defect" despite its "wonderful teams," and for strengthening financial capabilities, stressing that the United States would provide additional funds so that the World Bank would receive an additional 27 billion dollars. Various measures at the World Bank and regional banks would allow everyone to obtain "at least an additional $200 billion" in the next ten years. At the International Monetary Fund level, Yellen stressed that the United States “will support a distribution of quotas that better reflects the global economy,” a change that cannot happen “unless an agreement is reached on a framework based on common principles.” This proposal goes further than what has been proposed so far, which stipulates a redistribution of quotas while providing more money to emerging and developing countries without amending the voting rights of member states. A redistribution based on the size of the contribution to global gross domestic product would provide greater weight to major emerging countries, starting with China and India, a possibility that the United States has not yet supported, to avoid giving China greater power. In general, Janet Yellen called for adopting provisions that allow for the repayment of the debt of distressed countries "so that they can spend their money when they need to respond to emergency situations and then during the recovery period."
  25. International Monetary Fund warns of the weakness of US financial policy Yesterday, 17:44 Al-Ghad Press/Follow-up The chief economist of the International Monetary Fund, Pierre-Olivier Gorinchas, warned today, Tuesday, of the weakness of American fiscal policy, with the country’s fiscal deficit worsening significantly in the current year 2023 . Gorinchas said in the International Monetary Fund’s October 2023 report on global economic prospects: “What is most worrying is the situation of America, as its fiscal deficit deteriorated significantly in 2023, and America’s fiscal policy should not be procyclical, especially in... This stage of the inflation cycle .” The US budget deficit reached $1.52 trillion in the first 11 months of fiscal year 2023, according to US Treasury Department data, while the deficit in fiscal year 2022 reached $1.38 trillion.
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