Member Of Parliament Finance Reveals The Existence Of 80 Billion Dollars Of Iraqi Money In The American Treasury !

[DinarThug]

CNN. Broadcasting With Big Bucks - No Whammies !
 

 

Member of Parliament Finance reveals the existence of 80 billion dollars of Iraqi money in the American treasury[/size]

 

Policy 05/24 2020 01:36 1336    

Baghdad today - Baghdad 

 

Member of Parliamentary Finance Committee Muhammad Sahib al-Darraji revealed, on Saturday (23 May 2020), that there are 80 billion dollars of Iraqi money in the US Treasury.

Al-Daraji said in a televised interview I followed (Baghdad today), that "Iraq possesses financial reserves of approximately 80 billion dollars in the money of the central bank, in the form of cash, bonds and alloys in the US Treasury."  

And he talked about the financial situation of Iraq and its economy, which depends only on oil imports, and said that "Iraq is more like a gas station, if its prices rise, the standard of living of the Iraqi individual becomes good and if it falls, then his affairs decline and deteriorate." 

And Al-Darraji said, "Iraq’s financial imports for the month of April reached nearly one billion and 400 million dollars, while Iraq needs an operating budget that needs approximately 5 billion dollars." He pointed out that "Iraq's financial imports during 2019 amounted to nearly 78 billion dollars. That is, what he enters in monthly money was more than $ 6 billion. 

The UN Security Council committed the Iraqi government at the end of 2010 to develop a plan to receive it the tasks of overseeing the Development Fund for Iraq from the United Nations at the end of 2010, after which Iraq would place it in the US federal treasury to ensure immunity by the US Presidential Law on it that would protect Iraq’s imports Oil from seizure by many creditors. "

And revealed the member of the Finance Committee in the Iraqi parliament, the deputy from the "Kurdistan Islamic Union", Jamal Kujer earlier on the details of the debt funds owed by Iraq. 

He said in a press statement that "the debts incurred by Iraq include two classes: the first is odious debts, and the second, regular, includes international monetary loans, JICA, the Japanese loan, and another group of loans, which the state has resorted to in special circumstances, for special projects."

Cougar added, that the odious debt, "was 48 billion dollars, of which about 22 billion dollars was paid, and it includes compensation for Kuwait, the Gulf War, and others."

He continued, "As for the debts of Bahrain and Saudi Arabia, all came from the issue of Saddam Hussein's purchase of arms from it, and from the rest of the Gulf states, in his war with Iran in the eighties of the last century."

He continued, "Also includes the odious debts, resulting from Iraq, from Saddam Hussein's invasion of Kuwait and parts of Saudi lands."

He continued, "40 billion dollars in debt to Saudi Arabia, Iraq refuses to recognize, and pay, because Saudi Arabia and the Gulf states were supporting Saddam Hussein in his war with Iran, and after the American invasion of Iraq in 2003, these countries transferred these funds from support to loans, so the new governments did not recognize them, they did not recognize, and only recognized the debts arising from the invasion of Kuwait.

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[DinarThug]

The dialogue between Baghdad and Washington ... a parliamentary condition that precedes negotiations and talks about exceptions that allow American soldiers to remain

 

 

Policy 05/23/2020 21:44 949 Editor: gf   

Baghdad today - Baghdad 

 

The timing of the launching of dialogues is the first of its kind, approaching between Iraq and the United States, since the withdrawal of the latter from Iraq in 2011, which is scheduled to take place in the middle of next month, and with what she described as "very important", with regard to its role in the military and security, talks are underway On a "condition" for negotiation between the two countries.   

On January 5, the Iraqi Council of Representatives approved a decision to remove foreign forces from Iraq against the backdrop of an American plane carrying out a strike that killed the deputy head of the Popular Mobilization Organization, Abu Mahdi Al-Muhandis, and the commander of the Iranian Quds Force, Qassem Soleimani. 

This decision imposes itself in any prospective dialogue, according to Iraqi lawmakers, while others indicate that the decision caused the suspension of the work of foreign forces and US military flights in Iraq, which allowed ISIS to move freely again and carry out several attacks in the month of April and May this year, which necessitates placing this danger in Take into account the upcoming negotiations.

After the formation of the government of Prime Minister Mustafa Al-Kazemi, the international coalition aircraft flew back to carry out strikes against ISIS, and some of them were carried out in Kirkuk during support operations for the anti-terrorist apparatus. 

Member of Parliamentary Security: Iraq will prioritize the removal of American forces from the upcoming negotiations, and there is a condition permitting exceptions

Member of the Parliamentary Security and Defense Committee, Kata al-Rikabi, said in an interview with (Baghdad Today) that "the strategic dialogue is the completion of the strategic framework agreement, which was held in 2009, in the sense of agreeing to implement the provisions that were not applied and left loose."

He added, "The Iraqi delegation will put in its priorities the removal of US forces from Iraq, in accordance with the decision of the House of Representatives in January 2020, stressing that this is a" condition for negotiating with Washington. "

He stressed: "What we do not accept as deputies is the continued American presence, and we will focus on the issue of removing all forces, with some exceptions in terms of advisers and trainers only to provide military and intelligence advice."

It is expected that next month, dialogues will be the first of their kind between Iraq and the United States of America, since the latter withdrew from Iraq permanently in 2011, according to what senior Iraqi officials announced recently. 

Parliament describes the upcoming dialogue important, and confirms the absence of an invitation to participate

On Saturday (23 May 2020), a member of the Parliamentary Security and Defense Committee, Abbas Srouat, described the strategic dialogue between Baghdad and Washington, scheduled for mid-next month, as very important.

In an interview with (Baghdad Today), Zrout said, "The security and defense committee in the Iraqi parliament, until now, has not been informed or received any notice of any role in this dialogue," noting that "it is a dialogue with the government, especially between the commander-in-chief of the armed forces." Iraqi, top military leaders and the American side. "

And between, "The strategic dialogue between Washington and Baghdad is very important for Iraq, and it has very great benefit, especially with regard to the aspect of armament, training and development." 

The idea of a strategic dialogue between Baghdad and Washington dates back to the period before the outbreak of popular protests in Iraq in October 2019. 

And Iraqi officials confirmed, earlier, that these dialogues, which they described as "comprehensive", came with an American offer, which they considered a project to set a road map for the relationship between the two countries, in the light of which a stable policy is reached and governed by several agreements, including the issue of the American military presence, The support provided to Iraq from a security and economic perspective, and guarantees of a democratic transition of power in Iraq, are also likely to place Iran's file at the top of what will be discussed.

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[dinarham]

Sounds like things are wrapping up . Reading things translated like this .is like wading through a swamp of bubble gum . Who's cougar?

[DinarThug]

1 hour ago, DinarThug said:

Cougar added, that the odious debt, "was 48 billion dollars, of which about 22 billion dollars was paid, and it includes compensation for Kuwait, the Gulf War, and others."

 

1 hour ago, dinarham said:

Who's cougar?

 

The Kurdish Member Of The Finance Committee Jamal Cougar ‘Mellenkamp’ !  
 

 

He Builds Little Pink Houses For U And Me ...

 

     

 

Edited May 24, 2020 by DinarThug

[DinarThug]

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Al-Kazemi looks to boost economic cooperation with China and its ambassador affirms its support for Iraq

 

 

23rd May, 2020

 

Prime Minister Mustafa Al-Kazemi confirmed today, Saturday, that Iraq is looking to increase economic cooperation with China, while the Chinese ambassador affirmed his country's support for Iraq in international forums

In a statement, "Gilgamesh Press" received a copy of the Prime Minister's Information Office, that the latter "received the Chinese ambassador in Baghdad, Zhang Tao, and the latter congratulated Al-Kazimi on his assumption of the government, conveying the greetings of the Chinese premier, and China looking forward to developing relations with Iraq

"The support of China to Iraq in international affairs, in a manner that enhances its sovereignty and territorial integrity, as well as support for counter-terrorism efforts," the ambassador said, sending "Al-Kazemi to visit Beijing

For his part, Al-Kazemi thanked the Chinese ambassador for the congratulations, stressing that "Iraq appreciates China's support in fighting the Corona epidemic, and looks forward to strengthening economic cooperation in a manner that addresses the current crisis caused by the deterioration of oil prices

He pointed to the necessity of "strengthening the investment presence of Chinese companies in Iraq in the fields of energy and enhancing them in the agricultural field to develop fertile and non-cultivated lands

[DinarThug]

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Deputy: The government will resort to preparing a specific budget and can benefit from the Chinese agreement

 

 

14:13 - 05/23/2020

 

 

Member of the Parliamentary Economy and Investment Committee Nada Shaker Jawdat confirmed, on Saturday, that the government will resort to preparing a new budget with specific goals to complete the current year in order to secure the operational budget, noting that the government can benefit in implementing the necessary private investment plans through the implementation of the Iraqi-Chinese agreement.

Jawdat said in a statement to the "information", that "the budget set by the previous government is not appropriate at all and the current situation because it was built in circumstances where there were no collapses in the price of selling oil and did not expose Iraq and the world to the Coruna epidemic."

She added that "the government of Mustafa Al-Kazemi will resort to preparing a new budget with specific goals to complete this year in order to secure the operational budget."

Jawdat indicated that "the government can benefit from the implementation of investment plans, especially necessary projects, through the implementation of the Iraqi-Chinese agreement." 

[DinarThug]

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The Sistani authority announces tomorrow, Sunday, the month of Ramadan

 

23rd May, 2020

The office of the supreme religious authority, Ali Al-Sistani, announced today, Saturday evening, that tomorrow, Sunday, will be a supplement to the month of Ramadan.

The office stated in a statement, "Gilgamesh Press" received a copy of it. "The crescent of the month of Shawwal for Makram was investigated after sunset this Saturday (29 Ramadan in 1441), and the sighting of the crescent with the naked eye in Iraq and its vicinity has not been proven, even if it was from He is expected to see very high and clear the next night, but there is no indication that he will be for two nights."

He added, "The beginning of the month in each region follows the possibility of seeing the crescent with the naked eye in that region or around it. It is not proven that it can be seen with close-up tools or in other regions of the world. Tomorrow Sunday will be complementary to several blessed Ramadan, and Monday will be the day of Eid Al-Fitr."

He continued, "We ask God Almighty to accept from everyone the benefit of their deeds and bless them for their feasts and return this happy occasion to all Muslims with good, Yemen and blessings. He is heard and answered."

[DinarThug]

Iraq faces challenges: changing flawed economic policies

 

Wednesday 20 May 2020 - 19:55

 

Sabry Zayer Al Saadi

Economic advisor and researcher

 

First: economic challenges: the causes of the crash 

It helps a lot, and deserves attention, the recognition of the new government that the country's crisis is comprehensive and difficult, that state sovereignty is lacking, that the political process needs to be corrected, and that financial and administrative corruption is rooted in the depletion of national wealth. The recognition confirms that the policies implemented during the past seventeen years did not achieve food security, industrial renaissance, diversification of state imports, expansion of investment, rehabilitation of eroded infrastructure, change in the structure of production, export and manufacture of oil, or the provision of education and health And public services, or provide productive employment. In order for this position to contribute to improving confidence with the political authority, it must be made clear that these disastrous results are due to the implementation of defective economic policies under the auspices of the International Monetary Fund (the Fund) in cooperation with governments, and that a fundamental change in these policies is the necessary condition to face the challenges of the economic collapse and the Currentfinancial crisis .

The causes and consequences of the worsening of the chronic structural economic crisis were not hidden, and it is not mysterious that the direct cause of their sudden decline towards collapse with the economic effects of the pandemic (Covid-19) in the countries of the world is the rapid and large decline in oil revenues. But most important and accurate, the main causes of the collapse are the governments ’failure to invest the“ blessing ”of oil revenues in creating structural economic diversification in the absence of a“ national economic project ”that guides a future economic strategy and devotes the state’s responsibilities to managing the economy and developing public resources, centrally, and ending waste With the blessing of "oil wealth. In benefiting from oil wealth, investment must be invested in productive projects whose priorities are determined in the framework of modern central economic planning. Everyone knows that the collapse of the economy was associated with a sharp and rapid decline in oil revenues, and was preceded by a failure to "diversify" Sources of production and income to reduce dependence on oil exports due to multiple factors, the most important of which are: the contrast of national and foreign private investment standards with the requirements of "diversification" due to: First, the inadequacy of the investment climate with the availability of physical (economic) social and environmental infrastructures, and weak executive, legislative and judicial institutions. Second, the disruption of the structure of industrial relations between sectors and the dominance of the "oil rents" in economic activities and the difficulty of changing them through the private sector and market mechanisms on the other hand. 

With the ministerial platform of the new government ignoring the details of integrated and coherent economic policies and setting priorities for dealing with the collapse of the economy in issuing a budget bill for the current year, the most important thing, before engaging in discussing the details of “targeted” spending in the public budget, is necessary and in need to prioritize its economic and social priorities, and before Promote the "financial accounting" method in implementing the overall financial and monetary policies to reduce the deficit in the public budget and the stability of the exchange rate between the dinar and the dollar and determine public debt and foreign loans, the priorities and sources of financing production, consumption, investment and imports should have changed within the framework of an economic model and "new" policies. Current economic policies are limited to effectiveness and efficiency and enshrine reality by restricting the state to what can be achieved with public financial resources, and not to what is “obligatory.” 

 

Second: Indicators of economic collapse and financial bankruptcy

In estimating the indicators of the crash, we used “fund” estimates of the main economic, financial and monetary indicators that not only reflect the results of economic and financial policies in the past years, but more importantly, they predetermine the policies to be implemented by the government during the coming years (2020-2025). Because annual economic growth is usually measured by the evolution of the value of GDP, the observation of an "increase or decrease" in the value of GDP in the case of the national economy is not sufficient in the evaluation. More importantly, note the "increase and decrease" in the added value of the crude oil extraction sector and the value of expected revenues from crude oil exports, for the following related reasons: 

•The crude oil sector contributes 45% of real GDP (at constant prices).

•Oil exports contribute more than 98% of the hard currency (the dollar).

•And that oil revenues contribute about 95% to the revenues of the general budget. 

•And government spending is the main driver of economic activity in all sectors. 

•And that productive capacities in the non-oil economic sectors are very limited, and their growth is limited by government spending. 

With the confirmed global economy contracting this year 2020, we estimate, at our estimate, that the value of GDP will decrease by between -13.5% and -18%. As for oil revenues, it is expected to decrease by between 81.4% and -70.4%. Therefore, it is expected to double the deficit in the general budget for this year, which was estimated before these developments at about 8.5 billion dollars (-3.5%) of the value of the gross domestic product for the year 2020, to reach the value of the deficit of about 50 billion dollars, or more than -20% of the value of Gross domestic product. Foreign currency reserves, estimated at about $ 60 billion before the new developments, will be eroded as a result of importing goods and products, continuing to sell dollars at auctions of the central bank, and spending on armament that we "do not know" of its high value. The deficit will also increase in the current account balance (the trade balance and the balance of payments), and the ability to import will decrease rapidly, which comes close to many expectations.

 

Third: Expected government financial treatment 

The developments surrounding the future of oil prices and the amount of exports cannot be speculated in circumstances of uncertainty about the state of the global economic downturn and the prospects for recession since the outbreak of the Coruna epidemic. However, there is increasing concern about the failure to address the collapse, not only by denying the responsibility of sterile economic policies and ignoring their disastrous results, but also, continuing to work on them and squandering national resources and wealth, privatizing public sector projects, and selling promising public investment opportunities under the cover of participation between the private sector and the public sector and with funding Partial oil revenue. As in the examples of "the Reconstruction Council Bill" or the equivalent of the "Supreme Council for Reconstruction and Investment", or leaks from "Iraq Holding Company" projects and "financing the public budget with oil-denominated bonds." In past years, the government's desire to deposit surpluses from oil revenues was in "sovereign funds" for investment in international financial markets.

It is very clear that there is no effective way to stop the consequences of the economic collapse and financial bankruptcy as a result of the continuation of the current economic policies. There are only the following four possibilities:

a.The sharp and rapid decline in the value of the dinar against the rise in the value of the dollar and the deterioration in living standards. 

B.Increased domestic public debt and high rates of inflation, which exacerbate the deterioration in living standards.

C.Increase in external loans, under severe conditions of restriction, the most important of which are guarantees of crude oil assets, and the sale of state property from productive assets and national wealth. 

Dr.Significant reduction in annual public budget expenditures.

In our assessment, resorting to the second and third possibilities is preferable to the government.  

 

Fourth: The Fund's new advice: The importance of the state and the public sector in the economy   

In dealing with the collapse of the national economy, it is important to review the ideology of "economic efficiency and market mechanisms" in the new "Fund" policies to deal with the pandemic effects of "Covid-19" in dealing with "deflation" and the prospects of recession in the global economy, and return to the basics: affirming the importance of the state and the sector General in economic and development planning. 

With the spread of the epidemic, the "Fund" called on the governments of the world to provide rapid and intensive financial support to protect lives and the health of the individual and to finance companies generously to prevent bankruptcy and stop production and reduce the burden of unemployment. In future policies after the pandemic receded, the Fund recognizes the importance of the public sector and state-owned productive projects in combating the pandemic and reducing economic stagnation. Surprisingly, unlike the past “sterile” liberal macroeconomic and monetary policy, the Fund calls on governments, not the private sector, to invest directly not only in health and reduce epidemic risk, but also, with public investment priorities in infrastructure projects, as well as In clean energy technology, education, clean water, road and bridge construction, in the short and long term. 

In a new and important economic evaluation of the results of the Corona pandemic in the future of "neo-liberal" capitalism, it confirms the end of the boom time of globalization that allowed the flow of foreign direct investment between the countries of the world. 

Perhaps in “fund” policies that have exceeded, albeit temporarily, an ideology of adherence to “neoliberal” policies, and the assertion of a decline in foreign direct investment for a long period of time, it encourages the government and its advisers to turn the collapse of the economy and financial bankruptcy into an opportunity to establish a modern economic model in which the state undertakes the tasks of planning the national economy Investing national wealth, especially oil, centrally and locally, in projects that adopt standards of economic efficiency and social justice together, without neglecting the role of the private sector and competitive market mechanisms. 

With the decline in globalization and the trend of integration into the global economy, the horizons of Arab and regional economic cooperation should be expanded. 

 

Fifth: Economic policies in the national economic project

To deal with the collapse of the economy and financial bankruptcy, the general framework for a package of macroeconomic and monetary economic policies, government investment, and foreign trade are integrated and consistent in their priorities, below. It is clear that the relevant data and information available in government institutions, if available to us, will be able to confirm the practical value of it by determining the procedural steps and the timing of their implementation. 

  

1-5: Financial policies, including:

a.Reducing salaries and benefits in kind for senior officials and workers in the public service, civilians and military personnel, and in the public sector institutions, and any body funded from the public finance, without exception, equivalent to 30% of the total salaries and at rates ranging between 20% -70%, and details are organized with instructions issued For the Economic Planning Council. 

B.Stopping financial subsidies provided to any political or civil entity, institution or organization. 

C.Freezing the allocations of the projects under implementation, and asking the executive authorities responsible for them to submit reports within one month that include the rates of material and financial achievement, and explaining the reasons for the delay in implementation to decide on refinancing and implementing them by a decision of the Economic Planning Council.

Dr.Confirming the protection of public ownership of wealth and natural resources, productive assets and state real estate, stopping agreements and negotiations to privatize public sector projects and requiring the ministries and administrative authorities responsible for them to submit reports within one month, re-evaluating and rehabilitating them with economic, social, and technical feasibility criteria to decide on the outcome of their ownership by the Economic Planning Council.  

e.Stopping new foreign loans, and asking the ministries and the authorities responsible for them to submit review and evaluation reports of their conditions to the Economic Planning Council within one month. 

And.The Ministry of Finance prepares the general budget for 2020 to finance only 50% of oil revenues and other expected public revenues, including foreign loans, and reduce public expenditures to the equivalent of total public revenues to reduce the public budget deficit, and submit them to the Ministry and the Economic Planning Council at the end of a month. .. in 2020 to decide. 

G.The annual general budget is separated from the annual government investment platform. And cancel the introduction of the monthly budget.

H. Confirm the accountability of the corrupt and those responsible for squandering and recovering public funds within the framework of a special court that issues a law to start in the month of December this year, to perform all its tasks through swift and public procedures for issuing its rulings within a period not exceeding six months. 

 

2-5: Monetary Policy, which includes:

a.Replacing hard currency auctions, choosing a system of multiple exchange rates, and working with a documentary credit system to regulate the flow of imports of food commodities, necessary consumer products and requirements of government and private investment projects, and to control inflation in the context of reducing the value of imports by at least 30%.

B.Reducing the exchange rates of the dinar against the dollar with two goals: First, increasing financial revenues (converting the dollar to the dinar) in the general budget. The second goal is to reduce imports as a result of higher prices for imported products and goods.

C.Replacing the dollar fixed exchange system with the multiple exchange rate system:

For the purposes of financing the general budget.

For import purposes.

For the purposes of previous engagements.

 

3-5: Distribution of Public Financial Resources: 

Total oil revenues, public sector profits, local public debt and foreign loans are distributed as follows: The annual investment curriculum grants 50% of oil revenues, and all profits of public sector projects to finance government industrial projects and in the rehabilitation of economic (physical) infrastructure projects, and the general budget is granted 50% of oil revenues, and the rest of the general revenues. 

 

4-5: Setting the priorities of the annual government investment platform: 

a.Reviewing and evaluating investment projects in the oil sector: production, processing and exports, and asking the Ministry of Oil and its subsidiaries to submit reports to the Economic Planning Council within one month to determine their safety. 

B.Allocating 50% of the expected oil revenues to finance the projects of the annual investment platform for the year 2020, and asking the ministries to submit their proposals from projects that meet the feasibility criteria, as in the instructions of the Economic Planning Council, within one month of the date of receiving the instructions of the council. 

C.In the current stage, the priorities for government investment are as follows:

Implementation of programs and projects for poor areas (first phase, 10 projects in the governorates)

Implementing projects for the rehabilitation of industrial public sector projects. 

Financing of specialized governmental banks for faltering industrial, agricultural and commercial projects.

 

4-5: Foreign Trade and the Balance of Payments:

Regulating the import by commercial banks, public and private, with the documentary credits system.

Restricting imports of competing goods and products.

Restricting the import of foreign labor at all skill levels, with the exception of experts in advanced strategic and technological industries. 

Requesting the concerned ministries to schedule the repayment of foreign loans as soon as possible.  

 

5-5: Institutional Framework: 

a.Emphasizing the state’s political unity and centralization in formulating and implementing economic and oil policies, decisions and agreements, and in determining macro financial and monetary policies, government investment standards, and foreign trade policy, under the guidance and supervision of the Direct Economic Planning Council. 

B.The issuance of the Law of the Economic Planning Council chaired by the Prime Minister and membership of the Ministers of Planning, Finance, Oil, Industry, Agriculture, Labor, Social Affairs, Construction and Housing. The Ministry of Planning is responsible for the technical preparation of the council’s decisions in deciding government investment projects submitted by ministries and public institutions, and in reviewing the national development plan (2021-2025) ) With a future national vision, and perform the functions of the legal secretariat of the council. 

C.The Central Statistical Organization, under the supervision of the Ministry of Planning, to compute employees of all state agencies, conduct a special survey of government contracts, and review the financial conditions of the public sector, and update twice a year.  

Dr.Confirm the accountability of the corrupt and those responsible for squandering and recovering public funds within the framework of a special court that issues a law to start in the month of December this year, to perform all of its tasks with quick and public procedures for issuing its rulings within a period not exceeding six months, and ending the economic offices of organizations outside the state's authority.

e.The Ministry of Planning and the Central Statistics Authority, in cooperation with all ministries, in preparing research and data development programs, economic and financial analysis, and promoting their results through seminars and public means of publication. 

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[DinarThug]

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Trump in congratulating Eid Al Fitr: We now remember more than ever what religion brings to our lives

 

24th May, 2020

US President Donald Trump congratulated Muslims in the United States and around the world by Eid Al Fitr, and wished they had a happy Eid Al Fitr.

In a message to all Muslims, Trump said, "While Muslims celebrate Eid Al Fitr, we hope they will find relief, strength and healing in prayer and worship," according to a statement issued by the US President's Office yesterday, Saturday.

Trump added: "I, and First Lady Melania Trump, extend my warmest congratulations to Muslims in the United States and around the world, on the occasion of Eid Al Fitr, after spending a month of fasting, prayer and meditation."

"Over the past weeks and months, we have fought the Coronavirus, relying on our faith, our family and our friends to help guide us during these unprecedented times," the US president said.

And he added, "We now remember more than ever before the reassuring peace, the elevation of love, and the encouraging companions that religion brings to our lives," expressing to Muslims "our best wishes for Eid Al-Fitr .. Mubarak and Saeed."

And Eid Al-Fitr started today, Sunday, amid strict measures in many countries, in light of the spread of the Corona virus.

[Calijim]

5: Monetary Policy, which includes:

a.Replacing hard currency auctions, choosing a system of multiple exchange rates, and working with a documentary credit system
🎉🎊🎉🎊💰💰💰💰👍👍👍👍😎😎😎

[DinarThug]

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Iraq is counting on the Gulf states to extract it from the financial crisis

 

24th May 2020

The Parliamentary Finance Committee expected, today, Sunday, that the financial and economic crisis in the country will soon end, the convergence and openness that exists with the Gulf countries.

"The financial and economic crisis in the country will end soon after opening up to the Gulf states and regional countries, which will contribute to a significant improvement in the economic situation and achieve great political stability," the committee member and deputy for Diyala province, Ahmed Mazhar al-Jubouri, told Shafaq News.

He added that "the government's control of all border outlets will also contribute to the end of the financial crisis and its overcoming soon," noting that "there are trends and constants in the government and parliament not to prejudice the salaries of employees and improve the reality of living for them during the coming periods."

The transmission of the federal budget by the government to the Iraqi parliament was delayed due to the continuous protests since last October, which led to the resignation of the government headed by Adel Abdul-Mahdi and its transformation into a caretaker government that is not within its powers to send the draft budget budget to the parliament.

The current year’s budget (according to the government’s proposed project) is 162 trillion dinars (135 billion dollars), with a planned financial deficit of 48 trillion dinars (40 billion dollars), including three trillion dinars (2.5 billion dollars) to implement the projects agreed with China.

On his part, the independent deputy, Bassem Khashan, announced on Sunday that Prime Minister Mustafa Al-Kazemi went to borrow from Gulf countries to secure the employees ’salaries.

Khashan told Shafaq News that "Prime Minister Mustafa Al-Kazimi has become obliged to borrow financially from the Gulf countries because of the financial crisis and the deterioration of oil prices, in addition to that it is not possible to borrow from Iran because of its economic situation."

He added that "the Gulf countries are the closest to Iraq now," noting that "the government's directing to financial borrowing from those countries will contribute to securing the salaries of employees and retirees and providing them."

Khashan pointed out that "there are financial benefits that will accrue to Iraq because of these loans, which will be borne by future governments."

The Iraqi government had sent Finance Minister Ali Allawi to Saudi Arabia and Kuwait, discussed with officials of the two countries the economic situation and oil prices in light of the outbreak of the Corona virus and the decline in global economic growth because of the pandemic.

[DinarThug]

On 5/23/2020 at 12:30 PM, DinarThug said:

The CNN Editorial Board (Led By Forrest Gump) Says That These Next Two Articles Go Together !  

 

 

     

 

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From Saudi Arabia .. Allawi announces the abandonment of importing gas and electricity from Iran

 

23rd May, 2020

Finance Minister Ali Abdul-Amir Allawi announced, on Saturday, that he would give up importing gas and electricity from Iran

Allawi said in a tweet on Twitter, "In implementation of the decisions of the US Treasury, we have decided to abide by not extending the exemption granted to Iraq from the sanctions imposed on the import of gas and electricity from Iran

This tweet was written by Allawi during the visit to Saudi Arabia, and comes hours after he announced an agreement to activate the electrical connection between Iraq and Saudi Arabia

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Finance Minister: Agreement to activate the electrical connection between Iraq and Saudi Arabia

 

23rd May, 2020

Finance Minister Ali Abdul-Amir Allawi announced, on Saturday, an agreement with Saudi Energy Minister Abdul Aziz bin Salman, to activate the electrical connection between Iraq and Saudi Arabia

Allawi wrote in a tweet on Twitter: "During my meeting with Prince Abdulaziz bin Salman, it was agreed to activate the electrical connection between Iraq and Saudi Arabia, and to develop the energy market in addition to investment and participation in financing projects for the generation, transmission and distribution of electrical energy (renewable and conventional) in Iraq
 
It is noteworthy that the Finance Minister Ali Abdul-Amir Allawi arrived in Saudi Arabia yesterday, Friday, on a visit that he said includes three axes to develop relations between the two countries

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Iraq wants Saudi Arabia to obtain the largest share of electricity projects

 

24th May, 2020

Finance Minister Ali Allawi on Sunday expressed the desire of Iraq that Saudi Arabia be the one that gets the largest share of electricity projects.

Minister Allawi stated that "the electricity sector was taken into consideration during his meetings with Saudi officials in Riyadh the day before yesterday, and it is one of the important projects, and we want Saudi Arabia to be the one that gets the largest share of these projects."

He added: "It is necessary to connect the electrical network in Iraq with the Saudi and Kuwaiti networks, and this diversity is important in relation to the economic balance in Iraq."

[DinarThug]

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Four files carried by Al-Kazemi's envoy during his visit to Saudi Arabia and Kuwait .. What are they?

                  

 

24th May, 2020

The financial advisor, on Sunday, identified the appearance of Mohamed Saleh, the files presented by the Prime Minister's envoy and the Minister of Finance during his visit to Saudi Arabia and Kuwait.

Saleh said, according to the official news agency, "The Minister of Finance, Ali Abdul Amir Allawi, briefed the officials in the two sister countries, Saudi Arabia and Kuwait, about the financial difficulties that Iraq is currently facing due to the Corona pandemic, the closure of the global economy, and the deterioration of oil markets."

He added that "the visit of the Prime Minister's envoy aims to strengthen the ties of good neighborliness with all countries of the regional ocean, especially those countries from Iraq’s partners in OPEC to explain the aspects of joint economic cooperation to serve the interests of the countries concerned."

He pointed out that "the Iraqi delegation raised during its visit to Saudi Arabia and Kuwait files of cooperation in the areas of energy, financial cooperation and areas of trade and investment." He explained that "Iraqi economic diplomacy seeks to build bonds of trust and extend bridges of cooperation in order to achieve sustainable prosperity between Iraq and all countries of the region." 

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The Relations Committee sets out an important step for
Al-Kazemi’s government to win regional and international cooperation

 

24th May, 2020

The Foreign Relations Committee in the House of Representatives, on Sunday, identified an important step for Mustafa Al-Kazimi's government to win regional and international cooperation.

The member of the committee, Dhafer Al-Ani, said, "The Al-Kazemi government was born amid the complexities of the Iraqi scene economically, security, healthily, and even internationally, and therefore Iraq is unable, according to its current capabilities, to meet these conditions without external assistance."

Al-Ani added, "The government, which is based on an initial positive external impression of it, is trying to invest this in overcoming its ordeal by opening a wide range of countries that are characterized by assistance, in order to consolidate the pillars of the new government and push it towards rational rational decisions."

Al-Ani explained that "the Arab Gulf states, especially the Kingdom of Saudi Arabia, the Emirates and Kuwait, have ties of Arabism and neighborliness with them, and have previously helped Iraq in previous years, and they are at the forefront of countries that will initiate Iraq to seek aid to support its stability, driven by a certain awareness that the stability of Iraq is stability For the entire region, and that strengthening the new government is an important factor in restoring its independence and sovereignty to Iraq."

And, “The Al-Kazemi government, if it wants sustained and broad regional and international cooperation, should send sufficient assurances that it is determined to take serious steps towards consolidating the independence and unity of Iraq.” 

[DinarThug]

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Video .. Al-Gassab reveals a new opening between Iraq and Saudi Arabia

 

24th May 2020

The head of the Al-Mawred Group for Studies, Najm Al-Kassab, considered today, Saturday, that the visit of Al-Kazemi’s delegation to Saudi Arabia is considered the rescue cord for the government.

Al-Gassab stressed that strengthening relations between Baghdad and Tehran at this time will have a positive impact on the country, indicating that there is a new opening between Iraq and Saudi Arabia under the Al-Kazemi government.

Al-Qassab said that "whoever attacked the openness of the Abadi government to Riyadh will be silent today," revealing that government decisions will bear surprises in the coming days.

And the Chairman of Al-Mawred Group for Studies indicated that Saudi Arabia will provide Iraq with energy instead of Iran, pointing out that the United States is seeking to send specialized committees to investigate corruption files.

 VIDEO LINK

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After the holiday .. A new Kurdish delegation arrives in Baghdad to complete the talks

 

 

11:50 - 05/24/2020

The Kurdistan Democratic Party member, Ahmed Al-Saffar, revealed, on Sunday, that a new Kurdish delegation arrived in the capital, Baghdad, immediately after the blessed Eid Al-Fitr holiday to complete its talks.

Al-Saffar said in a statement to "Information", that "a Kurdish delegation will arrive in the capital Baghdad after Eid Al-Fitr to complete its previous discussions with the federal government and political figures." He added that "the delegation will continue to meet with senior Iraqi politicians until a final agreement is reached between the two parties regarding the entitlement of the financial and economic Kurds and other outstanding issues between the region and the center."

Al-Saffar, a member of the Finance Committee in the House of Representatives, said that "the delegation that will visit Baghdad carries a lot of files that we believe should be resolved as soon as possible." A member of the Kurdistan Regional Parliament, Sirwan Baban, considered in a previous statement to "Information", that the Masroor Barzani government is trying to absorb the anger of the street by launching "false" and "false" awareness of the Kurdish employees. 

[DinarThug]

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Parliamentary Finance calls for leaving compulsory savings and bridging the budget deficit from stolen "corrupt" funds

 

 

18:40 - 05/24/2020

 

On Sunday, the Parliamentary Finance Committee called on the government to hold corrupt people accountable and return large sums of money that fill the state’s budget deficit rather than resorting to employees’ salaries and forcing them to make compulsory savings.

Member of the Finance Committee Jamal Ahmed told / to the information: "The members of the Finance Committee decided not to discuss any decision regarding the compulsory saving of employee salaries and leaving the matter to the government is the one who decides the matter."

He added, "There is another option that could address the economic crisis, which the government neglected and focused on matters of deduction of employee salaries," noting that "opening the files of corruption and returning the money from the corrupt fills the deficit in the budget."

He explained that "if there was a seriousness in holding the corrupt people accountable, they would return money in the billions that have been wasted since 2003 until now to provide the state treasury with huge funds." 

[DinarThug]

Member of Parliament Finance reveals 3 proposals to provide salaries for employees, including "Gulf" and the latest dish in Kurdistan

 

Localities 05/24 2020 16:14 1564    

Baghdad today - follow up 

 

Member of Parliamentary Finance Committee Haneen Al-Qaddou revealed government proposals to provide salaries for employees and reduce the effects of the financial crisis through internal and external borrowing.

Al-Qaddo said in a televised interview that I followed (Baghdad today) that "the Iraqi government started serious attempts to enter into a real dialogue with Saudi Arabia, Kuwait and Gulf countries to support the Iraqi economy, whether by obtaining funds as loans to support the operational side, including the salary file from the budget or agreeing to reduce New to producing oil in order to raise its prices globally, adding more money to the Iraqi budget. 

He added that "Iraq is also in dialogue with Saudi Arabia in order to activate the process of electrical interconnection and also to supply it with gas in order to support its electrical stations and the public interest is to move towards nearby countries in search of financial or logistical support that will help Iraq in its current financial crisis." 

Al-Kiddu talked about the employee's salary file, and he said that "regarding the issue of reducing salaries, there are inconsistencies in statements between minute and inaccurate, which are reflected on employees, retirees, and those who receive social care salaries, and that the discussion should be limited to the specialists." 

He revealed the existence of two proposals regarding the salary file by saying, "There is a proposal that has not yet been approved by the ministries of finance and planning to reduce employee allocations by 70% that goes to saving and returned to employees after the financial abundance has been implemented (in the Kurdistan region) and there is a second government proposal for an overdraft from Rafidain and Al-Rashid banks To cover operating expenses. "

He pointed out that "it is the responsibility of the 2020 budget proposal that will be submitted to Parliament after the Eid to provide solutions because what is currently presented are just proposals and the situation needs immediate solutions and we will meet in the Finance Committee with the Ministry of Planning and Finance to discuss it." 

He stressed "the necessity of controlling oil smuggling operations and border crossings to provide additional resources," noting that "due to the current confusion, it is not possible to estimate the size of the wasted money that could have been used to support the Iraqi budget."

Earlier, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed on Sunday (May 24, 2020) that the emergency cell for financial reform set up by the Council of Ministers operates in two directions, the first is the circulation of money to manage monthly financing, and the second is payment towards economic reform. 

Saleh said in a press statement, "There are monthly ruling expenses in Iraq that are seven (7) trillion dinars as a minimum, including expenses payable for more than forty-six (46) items, in the forefront of which are the salaries of employees, retirees and social welfare," explaining that "the size of salaries from Governing expenses are estimated at 5.7 trillion dinars (five trillion and seven hundred billion dinars). 

He added that "the proceeds of our sales of oil range from (24 to 25) dollars per barrel, meaning that the monthly revenues amount to one and a half trillion dinars, to which other revenues (non-oil revenues) are added, such as taxes and customs, about two hundred billion Iraqi dinars," noting that "our monthly revenues (Oil and non-oil) amount to less than (2) trillion Iraqi dinars regarding the requirements of seven trillion per month. " 

The financial advisor explained that "the government borrowed from the banks of Al-Rafidain and Al-Rasheed and the Iraqi Trade Bank about (3) trillion dinars to pay salaries for the month of May," stressing that "there is a deficit in the operational budget such as paying debts, expenses of lecturers, night guards, contractors receivables, and others."

He continued, "The government in the month of May was able to cover only the salaries of employees, retirees and social welfare due to the lack of revenues," pointing out that "there is a trend towards internal borrowing to pay the salaries of workers in the state for the month of June." 

Saleh stressed that "there are negotiations with international banks and banks to borrow from them to pay the deficit in the operational budget, but these negotiations need time" indicating that "in the long term and the coming months there is an intention to issue a national bond (borrowing from citizens) at a high interest rate with many concessions" . 

He pointed out that "the emergency committee is studying the possibility of legislating the federal budget law for the remainder of the fiscal year, but in the event that this budget is not legislated, the government will issue the final accounts with a law called the status quo to clarify revenues and expenditures for the year 2020 and send it to the parliament for approval."

And the government counselor stated that "the reduction of higher salaries depends on the financial situation in the month of June," explaining that "the Financial Reform Committee will address the large salaries in the Iraqi state because of the lack of revenue, which is a reform opportunity."

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[davis411]

1 minute ago, DinarThug said:

the latest dish in Kurdistan

Camal balls soup 

yummm

[DinarThug]

Final budget accounts since 2012..Why was it submitted so far and how much money is wasted ?!

 

Localities 05/24 2020 18:50 193     

Baghdad today - Baghdad 

 

Member of the Finance Committee, Ahmed Al-Saffar, said on Sunday 5/25-20, that the Iraqi parliament will not be silent on the file of submitting the final accounts of previous governments, noting that the amount of money wasted in it was very large and not subject to any parliamentary control.

Al-Saffar said in an interview with (Baghdad today), "Parliament will not be silent on the lack of final accounts, for the value of what was spent on projects and expenditures during previous governments," adding that "every year with the budget law there is an article in which we ask the government to submit the final accounts for the year Previous. "

And that "the governments respond to parliament's requests only with promises, without submitting any reports regarding their final accounts," noting that "the problem lies in the fact that the governments did not work in a consistent and stable manner and Iraq’s conditions are unstable and this matter prevents taking the final accounts." 

He explained that "the numbers of wasted money are very large, and the circulating numbers are estimated and guesswork, which can only be confirmed after submitting final accounts by the Financial Supervision Bureau so that the size of waste is clear, especially in the investment side."

In June last year, the appearance of Muhammad Salih, the financial advisor to Adel Abdel Mahdi, the former prime minister, announced that the government had ended the final accounts for the past six years, while it was preparing a budget law (2014), which had not been approved by the period of former Prime Minister Nuri al-Maliki, Because of the differences between the political parties, ISIS progress and the holding of parliamentary elections.  

The final accounts include a statement of the balance sheet, profits or losses, cash flow, and statements of covering the final accounts by making a comparison between what is proven between the numbers in the budget law, the money, and the numbers spent by the government.

And demanding political blocs, to submit the final accounts for the past seven years to know the efficiency and safety of spending.

The information reported by the political blocs in its data indicates that: revenue for years from 2012 to 2018 amounted to approximately 638 trillion, and expenditures for those years amounted to approximately 601 trillion. As advances that were not included in the expenses, as they have not yet been settled.

It turned out that the total operating expenses for those years amounted to approximately (442) trillion, and the total investment expenditures for the years from 2012 to 2018 reached (159) trillion.

And it indicates that the delay in completing the final accounts since 2012 until now with the presence of these large numbers of revenues and their spending without auditing and matching the resources for spending these budgets makes public money in the waste and corruption exhibition and the failure to use it in the places of real need so we repeat the demand to speed up the provision of final accounts for years The aforementioned, so that Parliament and the competent authorities can verify the efficiency and safety of spending on past budgets and give realistic standards and controls in preparing subsequent budgets.

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[DinarThug]

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Financial advisor to the Prime Minister: May's salaries were borrowed from Iraqi banks, and June salaries will be borrowed from our citizens with high interest

 

24th May, 2020

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed on Sunday that the emergency cell for financial reform set up by the Council of Ministers operates in two directions, the first is the circulation of money to manage monthly financing, and the second is the payment towards economic reform.

Saleh said, “There are monthly ruling expenses in Iraq, which are seven (7) trillion dinars as a minimum, including expenses payable for more than forty-six (46) items, in the forefront of which are salaries of employees, retirees, and social welfare,” explaining that “the size of salaries from ruling expenses is estimated at 5, 7 trillion dinars (five trillion and seven hundred billion dinars).

He added: "The outcome of our sales of oil ranges between (24 to 25) dollars per barrel, meaning that the monthly revenues amount to one and a half trillion dinars, to which other revenues are added (non-oil revenues), such as taxes and customs, about two hundred billion Iraqi dinars," noting that "our revenues The monthly (oil and non-oil) amounts to less than (2) trillion Iraqi dinars regarding the requirements of seven trillion per month.

The financial advisor pointed out that "the government borrowed from the banks of Al-Rafidain and Al-Rashid and the Iraqi Bank for Trade about (3) trillion dinars to pay salaries for the month of May this year," stressing that "there is a deficit in the operational budget such as paying debts, expenses of lecturers, night guards, contractors receivables, and others."

He continued, "The government in the month of May was able to cover only the salaries of employees, retirees and social welfare due to the lack of revenues." And there is a trend towards internal borrowing to pay the salaries of workers in the state for the month of next June. "

Saleh stressed that "there are negotiations with international banks and banks to borrow from them to pay the deficit in the operational budget, but these negotiations need time." And in the "long-term and the coming months, there is an intention to issue a national bond (borrowing from citizens) at high interest rates with many concessions."

He pointed out that "the Emergency Committee is studying the possibility of legislating the Federal Budget Law for the remainder of the fiscal year, but in the event that this budget is not legislated, the government will issue the final accounts with a law called the status quo to clarify revenues and expenditures for the year 2020 and send it to the House of Representatives for approval."

And the government counselor stated that "the reduction of higher salaries depends on the financial situation in the month of June," explaining that "the financial reform committee will address the large salaries in the Iraqi state because of the lack of revenue, which is a reform opportunity."

[DinarThug]

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Member of Parliamentary Finance foreshadows "economic crisis'' during the next six months and talks about providing salaries

 

24th May, 2020

 

Member of the Parliamentary Finance Committee, Faisal Al-Issawi, confirmed on Sunday (May 24, 2020) that the foreign loans that Iraq seeks will prevent us from applying the policy of deducting employees salaries or compulsory savings

Al-Issawi said in an interview singled out (Baghdad today), that "the last six months of 2020 will be very difficult and we will suffer from a major financial crisis

He added that "the state is heading in two tracks to provide financing without resorting to deductions and prejudice to the salaries of employees," noting that "the agreement was that deduction does not affect those who receive a million or less, but the last agreement does not affect those who receive 500 thousand Iraqi dinars or less, and therefore the layers will be oppressed." Great people with low incomes

Al-Issawi said that "the loans sought by the country through approaching some countries will spare us from deductions and compulsory income

The financial advisor to the Prime Minister, the appearance of Mohamed Saleh, had revealed earlier today, the Iraqi government borrowing from Rafidain and Rashid and the Iraqi Trade Bank about (3) trillion dinars to pay salaries for the month of May, stressing that there is a deficit in the operational budget such as paying debts The expenses of lecturers, night guards, contractor dues, etc

He added that "the government in the month of May was able to cover only the salaries of employees, retirees and social welfare due to the lack of revenues," pointing out that "there is a trend towards internal borrowing to pay the salaries of workers in the state for the month of June

Saleh stressed that “there are negotiations with international banks and banks to borrow from them to pay the deficit in the operational budget, but these negotiations need time”, noting that “in the long run and the coming months there is an intention to issue a national bond (borrowing from citizens) at high interest with many concessions”

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Saudi Minister of Defense: We are looking forward to the return of Iraq as one of the pillars of the Arabs, a strong and rising

 

 

05/25/2020 08:19:39

 

 

The Saudi Deputy Minister of Defense, Prince Khalid bin Salman, said, “We look forward to the return of Iraq to one of the pillars of the Arabs, strong and risen, and that its people live the life they deserve in good and peace.”
 

And Khalid bin Salman added in a tweet at his expense on Twitter, saying, "The kingdom stands with Iraq to support it in the path of progress, peace and brotherhood with its Arab neighbors, for the interest of Iraq and its dear people."

The Deputy Prime Minister and Minister of Finance and Oil Ali Allawi, had earlier, on Saturday, appreciated the Saudi decision to return the Kingdom’s ambassador to Baghdad, pointing to the start of the Saudi commercial attaché's works soon in Baghdad.

This comes as sources indicated that the Saudi commercial attaché business will start soon in Baghdad.  Ali Allawi discussed with Saudi ministers on Friday a number of common issues in the fields of oil, economy and relations between the two countries.

[DinarThug]

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Finance Minister: We seek to increase the share of Saudi Arabia inside Iraq .. And reveals a "detailed note"

 
 

 

05/25/2020 09:48:35

 

 

Finance Minister Ali Abdul Amir Allawi said that Iraq wants to restore economic balance with neighboring countries.
 

Allawi, who visited Saudi Arabia recently and returned yesterday to Baghdad after the end of his meetings with Saudi officials, said that "one of the goals of the Iraqi government is to restore the Iraqi balance with the countries of the region, in terms of economic and trade, and that the Saudi economic role in Iraq is somewhat shy - as he put it - Especially since the size of the Saudi economy is equivalent to half the size of the Arab world’s economy, but its presence is relatively weak compared to Turkey and Iran, whose investments amount to 12 billion dollars a year, compared to the volume of Saudi investments in Iraq, which amounts to one billion dollars per year. And between: “We want to change Balance, and we seek to increase the share of Saudi Arabia inside Iraq in various fields including electricity, oil, petrochemical and agriculture. "

He pointed out that "the flow of Saudi investments in Iraq, despite the obstacles that exist in front of the Saudi investor, plays a more important and greater role in the process of rebuilding Iraq, acknowledging that there are major obstacles inside Iraq, from the legal system to administrative arrangements to stifling bureaucracy to the loss of financial banking support for the country And the weakness of the banking sector led to security problems, and all of these affected the Iraqi economy during the last period. He emphasized that "the Saudi-Iraqi Coordination Council is still standing, but it is generally in stages, as the interest of the Saudi side is very high, but the conditions inside Iraq and the successive political crises have prevented some kind of activating this axis."

Allawi said, "We want to activate this axis, and we are going according to a serious plan to implement all our obligations and promises to the Kingdom." He added agreed during my meetings with the Saudi side to provide a detailed note next week on how to develop a relationship, and what obstacles and projects that can be implemented in the long immediate and medium, which may be a model of economic relations, to be built on the objectives and structure of numbers.

[DinarThug]

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Iraq and Saudi Arabia confirm the commitment to reduce oil production

 

 

05/25/2020 08:31:22
 

 

The Saudi Press Agency said that Iraq and Saudi Arabia agreed on Saturday to continue working to rebalance the oil markets and stressed their commitment to reduce production agreed upon by the Organization of Petroleum Exporting Countries (OPEC), Russia and other allies.

The agency added that the comments came after Finance Minister Ali Allawi, who is also Acting Oil Minister, visited the Kingdom of Saudi Arabia to discuss the oil market situation with the Saudi Energy Minister. The agency said that the two sides expressed their satisfaction with the improvement of oil market conditions. On Saturday, Saudi Arabia reported that Iraq had agreed with Saudi companies to invest in the crutch gas field in the west of the country. The crutch field is located in the western Anbar province on the Syrian border, and it is the largest field in Iraq.

It is worth noting that during the recent years, the relations between the two countries witnessed noticeable positive developments, including the growth of trade exchange during the past years, the return of ambassadors in the two countries, the opening of airlines and the opening of the consular section of the embassy in Baghdad, and the approval of the opening of a commercial attaché in Baghdad. This visit comes within the framework of the keenness of the two leaderships in the two countries to enhance the relationship and joint work.