The House Of Representatives Heads To Legislate The Oil And Gad Law during The Upcoming Sessions !

[DinarThug]

CNN. Broadcasting The First Line In The Article (Before U Clicked On It) - Instead Of The Actual Headline !  

 

 

That’s Just How This Wicked Makeup Faced Bad Boy Rolls ...

 

 

I Bet It Got Yo’ Attention Though ...

 

Mourning for {Morning}: The 2020 budget will be biannual

Monday 08 June 2020

Baghdad / Omar Abdul Latif

 

Deputy Speaker of Parliament Dr. Bashir Khalil Al-Haddad revealed the readiness of 7 laws to vote during the next stage, while he stressed that voting on the 2020 budget will be in semi-annual or other form to be agreed upon later.

Al-Haddad told Al-Sabah that there are dozens of bills that are expected to be passed in the House of Representatives, including what was read for the first or second time and discussed and ready to vote, including; A draft law on information crimes, refugees, housing abuses and a proposed legal proposal for sports clubs, federations, the Federal Civil Service and the Reconstruction Council, etc. 

The Deputy Speaker of the House of Representatives indicated that Parliament asked the government to expedite sending the draft budget law for the year 2020 within a maximum period of the end of the current month to be read and discussed and then vote on it, Indicating that the budget formula that the House of Representatives will vote on will be semi-annual or any other formula to be agreed upon later.

LINK

      

 

Edited June 8, 2020 by DinarThug

[DinarThug]

That Was Just The Foreshadowing - Wait For It ...

 

 

Btw - Wtf Is The ‘Oil And “Gad” Law’ That Was Misspelled In The Headline On The Topic Section Page ...

 

 

Remind Me Not To Hire Pitcher’s Fat Fingered Kitty To Type In Any More Of This Stuff ...

 

     

 

 

 

Demands to review electricity contracts

Monday 08 June 2020

Baghdad / Al-Sabah

The House of Representatives heads to legislate the oil and gas law during the upcoming sessions, in light of parliamentary demands to reconsider the oil licensing rounds and the contracts of the Ministry of Electricity. 

A member of the Parliamentary Oil and Energy Committee, Amjad Al-Oqabi, told Al-Sabah that “the prime minister should be serious in rewriting the Ministry of Electricity’s investment contracts because it drains a lot of money, especially as Iraq is going through a difficult financial situation and difficult health conditions.” 

The deputy added, "Among them are the investment contracts for the stations that cost a lot of money, especially since those contracts obligate Iraq to pay its costs even if they do not need them, and includes contracts at the Basmaya Investment Station, Rumaila Investment, Kar, Qaywan and Al Shuaiba Station." 

And Al-Oqabi continued, "The state is obligated to pay the investing and electricity producing companies up to $ 300 million within the contract concluded with the Ministry of Electricity, at a time when the actual collection limits are 17% and the actual 83%."  
LINK

 

Edited June 8, 2020 by DinarThug

[tigergorzow]

DT Thanks,  Oh yeah now we are talking super articles my friend.  DV Friends.... GIT READY... IT'S TIME... 😁😁👍👍🙏🙏. 

 

GO HCL & RV & RI

[DinarThug]

Parliamentary calls for the speedy implementation of the government program

Monday 08 June 2020

 

 

Baghdad / Hazem Muhammad Habib and Muhannad Abdul-Wahab

 

 

First Deputy Speaker of Parliament Hassan Karim Al-Kaabi stressed that the current ministerial cabinet headed by Al-Kazemi possesses expertise in specialties, and needs sufficient time and space for calm and stability to start implementing the ministerial program, at a time when members of the House of Representatives expressed their optimism to complete the ministerial cabinet, stating that there are major challenges facing the government.

Al-Kaabi said in an interview with "Al-Sabah": "The current ministerial cabinet headed by Al-Kazemi possesses expertise in specializations, and needs sufficient time and a space of calm to draw plans to start programs and activities that will preserve the unity and independence of Iraq and fight ISIS."

And the First Deputy Speaker of Parliament indicated that "the security threat is the greatest challenge facing the Al-Kazimi government after the defeat of the ISIS terrorist gangs, who lost the battle in all its rounds to our heroic security forces."

Al-Kaabi pointed out that "terrorist gangs are trying to return and establish a foothold inside Iraq again and their attempts to send messages through the media intimidation that they use to their supporters present in Syria, Libya, Afghanistan and a number of other regions that they are still present inside Iraq," noting that "there is intelligence information confirming The presence of large numbers of ISIS families present in a number of camps can be used to carry out terrorist activities, especially since most of those families are still with ISIS in European countries. "

KDP deputy Nehru Rawanduzi told Al-Sabah: “The importance of voting to complete the cabinet cabinet represents the beginning of the stage of implementing the government program.”

He added, "Voting and giving confidence to the entire ministerial cabinet must be born in exchange for the implementation of the government program, and respect for the sovereignty of Iraq begins, confining arms to the state and maintaining internal security and stability."

He pointed out that "what is required of the prime minister now is to proceed with preparing the appropriate ground for the implementation of the elections and paying attention to the health file of the Corona pandemic," noting that "the practical reality of state building requires the parliament to support the government for the stability of the country in all areas."

The representative of the Shabak Quota representative, Qusay Abbas, pointed out that "the completion of the ministerial cabinet necessitates the government many issues and demands that the people demand to achieve, and it must go down to the field and implement what the Prime Minister promised the masses."

Abbas confirmed to "Al-Sabah" that "the tasks that are required now by the prime minister are to find effective solutions to stop the economic decline and work to revive the country's domestic economy and eliminate unemployment."

He added, "The security side takes a large part of the government's effort, and therefore it must provide permanent support for the military forces, the subject of Corona, the political challenges, and the upcoming elections that are supposed to prepare the appropriate ground for it."

In turn, the deputy of the Allies of Rami Al-Sakaini coalition said: "After completing his government cabinet by voting on the rest of the ministries, there are new and difficult challenges that his government will face in the economic, health, international relations and regional and international balance in the region," noting that "Al-Kazemi's government, despite the existence of some observations It has on some parties, but this does not mean obstructing its passage or not supporting it to face the current challenges. "

Al-Sukaini added, "The weakening of the current government under any pretext is something that will not serve Iraq in facing the current crises. Therefore, we must all support the Al-Kazemi government, as long as the decisions issued by them are legal and to serve the public interests," stressing that "the importance of continuing the Al-Kazemi government And strengthening them to overcome the current security, economic and health challenges. "

LINK

[DinarThug]

LINK

Parliament Presidency: An attempt to deduct part of the salaries of these groups is against the law

 

 

06/8/2020 12:07:04
 

 

The first deputy speaker of the House of Representatives, Hassan Al-Kaabi, rejected the government's attempt to prejudice the salaries of civil and military employees, retirees, martyrs, and political prisoners, considering them illegal and inappropriate.

 

Al-Kaabi called in a statement that he received {Al Furat News} a copy of it, “The government is to follow up on many files that will secure large financial returns for the treasury, including the file of recovering smuggled money, money stolen by corrupt and high salaries received by members of Saddam’s oppressive services, and the returns of border ports and others From federal resources."

[screwball]

Oil and gas law....might be revenue sharing law...remember oil las was written by bearing point and who was behind bearing point? Bush? Law was written o favour oil companies not irAq! Interesting back in the headlines but for all the right reasons at the right time!

[stanleypower]

Bump

[DinarThug]

12 hours ago, DinarThug said:

The House of Representatives heads to legislate the oil and gas law during the upcoming sessions, 

 

LINK

A parliamentary committee: the region will hand over Baghdad, within days, the sums of oil as a maturity of
250,000 barrels

 

8th June, 2020

The Oil and Energy Committee in the House of Representatives said on Monday that the Kurdistan Region will hand over the central government the oil sums as a maturity of 250,000 barrels.

And the member of the committee, Amjad Al-Uqabi, stated that "the next few days will witness the delivery of oil sums by the region to the government as an entitlement for 250 thousand barrels."

Al-Oqabi pointed out that "the oil and gas law will include mechanisms for dealing with the oil of the region and Basra, as it will be through SOMO," stressing that "it is among the important laws that will be approved during the coming days." 

#############

LINK

Erbil will receive Baghdad's oil sums as a maturity of 250,000 barrels within days

 

Edited June 8, 2020 by DinarThug

[DinarThug]

Saudi Arabia and Kuwait .. A deputy reveals Gulf plans to open up to Iraq and announces Al-Kazemi's mandate

 

Policy 06/2020 2020 20:37 278    

Baghdad today - Baghdad
 

On Monday (8 June 2020), the MP from the Al-Fateh Alliance, Hanin Qaddo, revealed that the political blocs and the House of Representatives have authorized Prime Minister Mustafa Al-Kazemi to open up to neighboring countries and regional and international countries.  

Qaddo said in an interview with (Baghdad Today), that "Al-Kazemi was authorized by the blocs and the House of Representatives to open up his foreign policy with neighboring, regional and international countries," noting that "the talk of Finance Minister Ali Allawi regarding the opening of a new page with Kuwait and Saudi Arabia concerns several files." . 

“With regard to Kuwait, the Iraqi government will work to postpone the payment of the debts owed by Iraq until it has overcome the financial crisis,” Qaddo said, noting that “the move on Saudi Arabia as a neighbor to Iraq and Al-Kazemi’s policy will prove Iraqi goodwill in its relationship with Saudi Arabia and other countries.” 

And that "Saudi Arabia seeks to stand with Iraq to overcome the current economic situation, by increasing trade exchange and entering into investment projects." 

Yesterday, Sunday, the Finance Minister, Ali Abdul Amir Allawi, said in a press conference that "his visit to Kuwait was of an economic rather than political nature, as Iraq will open a new page with Saudi Arabia and Kuwait in the economic field," noting that "Iraq has a financial deficit It is estimated at five trillion dinars per month, and oil gives us approximately 92 percent of the state’s revenues, while 25 percent of the national product goes to salaries and allocations, pointing out that “it will stimulate the private sector to play a leading role in promoting development.”

The Saudi Foreign Minister, Prince Faisal bin Farhan revealed, on Sunday (May 24, 2020), that his country decided to return its ambassador to Iraq to strengthen bilateral and economic relations.

And a Saudi newspaper reported, "Faisal bin Farhan, confirmed to the Iraqi Prime Minister's envoy and Acting Minister of Finance and Oil Ali Allawi, the Kingdom's keenness on the unity of Iraq and the importance of cooperation with his new government." 

She added that "Saudi Arabia has decided to return its ambassador to Iraq in the desire to strengthen relations in all fields, bilateral relations and the economy on the agenda of Al-Kazimi's envoy's visit to Saudi Arabia.

According to the newspaper, the Saudi foreign minister expressed "the Kingdom's support for Iraq in a manner that achieves its security and stability and countering terrorism", noting that "Saudi Arabia respects the sovereignty and territorial integrity of Iraq away from foreign interference."

He pointed out "the importance of activating the Saudi-Iraqi Coordination Council, which was established under the guidance of the Kingdom's leadership as a mechanism for developing relations between the two countries to broader horizons and cooperation in the political, economic, security, commercial and investment fields."

Bin Farhan explained that "directives from the leadership were issued with the return of the Saudi ambassador to Iraq to start his work as soon as possible in order to translate the Kingdom's desire to strengthen relations between the two countries."

Allawi met with a number of officials in the Saudi government and discussed with them ways to take bilateral relations in all fields to a new level, which would bring the two countries a mutual benefit. 

The relations between the two countries witnessed noticeable positive developments in recent years, including the growth of trade exchange, the opening of airlines and the opening of the consular section, and the approval to open a commercial attaché in Baghdad.

LINK

[tigergorzow]

13 minutes ago, DinarThug said:

 

LINK

A parliamentary committee: the region will hand over Baghdad, within days, the sums of oil as a maturity of
250,000 barrels

 

8th June, 2020

The Oil and Energy Committee in the House of Representatives said on Monday that the Kurdistan Region will hand over the central government the oil sums as a maturity of 250,000 barrels.

And the member of the committee, Amjad Al-Uqabi, stated that "the next few days will witness the delivery of oil sums by the region to the government as an entitlement for 250 thousand barrels."

Al-Oqabi pointed out that "the oil and gas law will include mechanisms for dealing with the oil of the region and Basra, as it will be through SOMO," stressing that "it is among the important laws that will be approved during the coming days." 

#############

LINK

Erbil will receive Baghdad's oil sums as a maturity of 250,000 barrels within days

 

DT Thanks,  Come on boys & girls git er done..."HCL" right at the doorstep begging to open the door to the "Final Count-Down"...😁😁👍👍🙏🙏.

 

GO RV & RI

[DinarThug]

LINK

An upcoming meeting between Al-Kazemi and Parliament to resolve three important financial files

 

 

08:42 - 08/06/2020
 

 

Member of Parliamentary Finance Committee Magda Al-Tamimi revealed, on Monday, an upcoming meeting between the committee and Prime Minister Mustafa Al-Kazemi and the Minister of Finance to discuss some important financial files, stating that external loans, salaries and the budget will be the preliminary discussions.

Al-Tamimi said in a dialogue followed by / information / that "the committee called for a meeting with Prime Minister Mustafa Al-Kazemi and the Minister of Finance to discuss the government's plans in the file of foreign loans."

Al-Tamimi added that "the upcoming meeting will discuss the salaries of employees and how to pay them, as well as approving the budget for 2020 and the file facing the financial crisis."

She noted that "foreign loans to Iraq amounted to about 25 billion dollars, while the interior was about 38 billion dollars and loans imposed during the Gulf War are 40 billion dollars."

[DinarThug]

LINK

Key and Cork Telecom sign a partnership agreement to expand electronic payment services

 

8th June, 2020

 

The International Smart Card Company (Qi) and the company "Cork Telecom" Telecom announced on Monday the signing of a preliminary partnership contract to expand electronic payment services and provide extended financial services

A joint statement of the two companies said, "Economy News" received a copy of it, that "a letter of intent was signed on partnership and cooperation in providing a wide range of financial services to the citizens of Kurdistan and Iraq

The statement added, "The two companies that lead the country in the relevant sectors and in support of the initiatives of the Iraqi government and the Kurdistan Regional Government to promote financial inclusion, have agreed to work together to provide a set of telecommunications and financial services that will further enhance citizens' access to electronic payments and trade via the Internet."  This is in line with the efforts made by the Iraqi government to rationalize financial services and limit the circulation of paper currency in the country

"We are very excited to sign this agreement, and it represents a new opportunity for both companies to continue their role in pushing the country forward, and the efforts made by the Central Bank and the central government to increase transparency while providing citizens with the possibility," said Chairman of the Board of Directors (ISC) Bahaa Abdul Hadi, according to the statement. Access to financial services in an accessible way and attracting capital at an international level is something that the two companies have supported for many years, and this agreement marks a turning point in enhancing effort and expertise to provide electronic financial services for an easier life

The statement also quoted the Chairman of the Board of Directors, "Cork", as saying, "Two of the best examples of success in Iraq met and they are the most important success stories for the private sector. They agreed to activate the principle of cooperation and provide better services to our subscribers and access to them."  At a time when there is an urgent need for this service in the country, we are very happy to work with ISC and we hope this partnership will provide exactly what our subscribers want when they need it most

The statement pointed out that "the details of the partnership will be revealed further as the two companies improve their initial and subsequent cooperation, and this represents a new era of cooperation and collaboration between Iraqi companies, which gives real importance to the private and mixed sector in improving the national economy and the level of services provided to citizens

[DinarThug]

LINK

The Commercial Bank responds to Al-Araji's accusation
of smuggling currency
 

06/8/2020 17:01:20

 

The Iraqi Commercial Bank responded, today, Monday, to the former Deputy Prime Minister, Bahaa Al-Araji, to bear the responsibility and consequences of accusing the bank of smuggling currency.

The bank said in a statement, {Al Furat News} received a copy of it, “It is a reference to the television interview that took place with former Deputy Prime Minister Bahaa Al-Araji on one of the satellite channels last Thursday, which included his request to structure government banks, including the Iraqi Trade Bank (TBI) and to consider these banks a source of currency smuggling, and it provides loans for investments without consideration or guarantee."

And since these media statements are the least of which are said to be allegations that are not related to reality and are not based on any documents or documents, he must confirm the Iraqi Trade Bank (TBI) that it fully complies with all controls and instructions issued by the Central Bank of Iraq and other regulatory authorities in order to ensure that Providing the best banking services for everyone. He added, "We should point out that the bank’s management has worked diligently with the judiciary and with all supervisory authorities to prosecute all those who caused financial harm and abuses of its rights and worked to recover them and hold those responsible for those damages and abuses to account and bring them to justice."

He pointed out that "these statements did not take into consideration the significant and significant positive changes that have been made in the bank's approach and management that occurred in recent years in order to improve the bank's reputation locally and globally, including the outstanding accomplishments represented in the significant increase in the volume of financial transactions." Likewise, the significant and significant increase in the capital, revenues and profits realized, as well as the significant expansion of the network of relationships with correspondent global banks.

He added, "What led to the bank having a solid financial reputation in its dealings and its prominent place in the domestic and international financial and banking circles, and all of this culminated in the bank winning many international awards and from many discreet institutions and obtaining an advanced global classification from prestigious international banking institutions." "According to him, media and press statements issued by officials who hold high positions in the state hold them responsible and results if they are not based on real facts, especially as this places them before legal responsibility, as they have information about the occurrence of crimes punishable by law and they must inform the public prosecutor and eliminate them And to provide them with any evidence and information about it."

He pointed out, "Because these accusations and allegations affect the bank's reputation and constitute gravity and abuse, then Mr. Bahaa Al-Araji is considered a legal responsibility by his obligation to submit the documents, documents and facts on which these acts are based, and which he is not legally entitled to silence or withhold from the judiciary." He noted "the bank with full retention of legal rights to take what he sees from legal action in the event of failure to provide proof of allegations".

 

###########

LINK

After being accused of smuggling currency ... the Iraqi Trade Bank responds to Al-Aaraji

[DinarThug]

Holding companies are necessary to revive the national economy

Sunday 07 June 2020

 

Baghdad / Hussein Thugb
 

 

The economic seminar organized by the Baghdad Chamber of Commerce through its electronic platform concluded a set of recommendations that represent remedies for the economic problems that the country suffers from, which can be described as chronic, especially after its effects were exacerbated by the Corona pandemic.

President of the Baghdad Chamber of Commerce Firas Rasul Al-Hamdani confirmed that "the symposium concluded with a number of recommendations, the most important of which is the call to establish an economic gathering for the private sector in which the private sector branches of trade, industrial and agricultural federations, chambers and associations of these unions, universities, private hospitals, commercial companies, banks, financial institutions, and capitalists and owners of capital meet. Exhibitions and shop owners to form (the private sector conglomerate) will have a role in taking responsibility with the central government and playing this role within its competence. "

 

Economic nucleus

He pointed out "acknowledging the importance of establishing the holding company (the mother) to be an economic nucleus that includes under its tent joint-stock, limited, joint and medium-sized companies, and the individual project is subject to the Iraqi Companies Law No. (21) for the year 1997 amended and it has been legislated and regulated by the law above Article Seven of it is repeated by amendment No. (17) For the year 2019, he defined it as a joint stock or limited guarantor company that controlled the subsidiary companies, and adopting this trend in Iraq became necessary to establish such an economic project (commercial - industrial - agricultural - investment - and everything related to the economy). 

 

National economy

He pointed out that "this approach comes to confront the market chaos and the risks of the extinction of small and medium companies and the individual project, and the establishment of such companies has become a necessity to confront disasters and find solutions and extend a hand to the public sector and reduce the burden on it arising from disguised unemployment in all joints of the state and its institutions, as well as a full-time analysis of the market and the situation Economic control of external companies and prevent the imposition of their will on the national economy internally and externally, and assist the Iraqi state when concluding economic agreements by means of what it possesses of capital, expertise and infrastructure for the private sector, and more importantly, freedom from dependence on oil and activation of other economic revenues.

 

New projects

Al-Hamdani pointed out that "this approach helps in preparing new projects and competition in the internal and external markets, providing the necessary capital and services owned by companies and projects belonging to them and investing those funds and services available to the parent company or holding in the local and external markets, as well as reducing the size of the risks because The parent company invests in more than one field and in the case of losing a project, the profits of other projects compensate for the loss instead of the loss of all capital. Also, legal security is available in the event of bankruptcy according to most economic laws in the world, the parent or holding company is not directly responsible for any company or A project belonging to it in the event of any problem such as bankruptcy. " 

In the detailed financial facilities and tax systems, Al-Hamdani said: "The company usually submits a comprehensive report on taxes for all its subsidiaries, and this means that in the case of establishing new companies or projects, the taxes become less, just as the subsidiaries of the parent company operate in different places, These places have different tax systems. The parent company can do this instead of the subsidiary companies in those different places. Also, the parent or holding company can easily obtain loans because it has many assets and this makes Less interest on loans ".  

LINK

[DinarThug]

LINK

Advisor to the Prime Minister: a plan to reform the banking system

 

8th June, 2020

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed on Monday a plan to reform the country's banking system.

Saleh said, according to the official agency, "There is a problem in the installation of the Iraqi banking system and the division of its market related to the dominance of government banks on 90% of the assets of the banking system, and that their number does not exceed seven government banks, while private banks, estimated at 70 foreign banks and branches, do not its assets constitute only 10% of the assets of the banking system."

He added that "there is a strong reform plan to turn these banks into an effective force in moving the liquidity of the economy and directing it in a way that serves the Iraqi economy in moving investment opportunities." 

[DinarThug]

LINK

Japan: We will cooperate with the Kazemi government in all fields, particularly in its economic fields

 

8th June, 2020

Japan confirmed on Monday that its government will cooperate with the government of Iraq, headed by Mustafa Al-Kazemi, in all fields, especially economic ones.

"Al-Kazemi received a written message from Prime Minister of Japan, Shinzo Abe, which was delivered by the Japanese ambassador in Baghdad, Hashimoto Naofumi," the media office of the prime minister said in a statement received by Mawazine News.

Naoufumi conveyed, "Greetings of the Prime Minister of his country to the Iraqi government, and his praise of the efforts of Prime Minister, Mustafa Al-Kazemi, in completing the government booth, and his endeavor to achieve a prosperous and stable Iraq that meets the aspirations of the Iraqi people." He pointed out, "Iraq's regional role in the region and the world," stressing that "his government will cooperate with the Iraqi government in all areas, especially economic ones, and assist Iraq in facing challenges." The Japanese Ambassador talked about "the projects implemented in Iraq through the Japanese loan, and also through the Japanese International Cooperation Agency (JICA)," stressing "his government's keenness to enhance cooperation with Iraq."

For his part, Al-Kazemi expressed his "thanks to his Japanese counterpart," appreciating "Japan's stances and continuous support for Iraq." He stressed, "Iraq is keen to establish the best bilateral relations between the two countries, and develop the level of cooperation between them," noting that "Iraq is going through an economic crisis due to the Corona pandemic, and low world oil prices, and is able to overcome its crisis through cooperation with international organizations." And, "The Iraqi government is working hard to boost the economy and develop Iraq 's energy capabilities."

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Al-Kazemi receives a written message from his Japanese counterpart
LINK

[DinarThug]

Minister of Transport for {Al-Sabah}: efforts to lift the ban on {the green bird} in Europe
 

Monday 08 June 2020
 

Baghdad / Al-Sabah
 

 

The Ministry of Transport announced serious efforts to complete the requirements to lift the ban on Iraqi airlines that are prohibited from entering European airspace because of its blacklisting for not meeting the standards of the International Civil Aviation Organization, and the ministry indicated that the airlines own a fleet of 31 aircraft, most of them are modern aircraft.

In a special statement he made to Al-Sabah, Minister of Transport Nasser Al-Shibli said: “His ministry, through technical committees working to implement and implement international requirements and standards to lift Iraqi Airways from the blacklist that includes airlines banned from entering European airspace,” indicated that The ministry is taking great steps to lift the ban on it, so that the green bird returns to fly again in all capitals of European and international countries. " 

The Minister of Transport pointed out that "his ministry is serious in activating the previous bilateral agreements between the Civil Aviation Authority and the European Union to launch flights to most European countries, including (Germany, Denmark, Sweden and Britain) after putting Iraqi Airways on the black list due to lack of commitment to international standards."  

LINK

[DinarThug]

 

[boosterbglee]

Thanks Thugs......now Allawi needs to lose the Hitler mustache!

[DinarThug]

 

 

     
 

 

https://www.thebaghdadpost.com/en/Story/48457/Iraqi-president-receives-Central-Bank-governor

 

Sunday، 07 June 2020 09:53 PM

 

Iraqi president receives Central Bank governor
 

 

 

Iraqi President Barham Salih welcomed into the Al-Salam Palace in Baghdad, the Governor of the Central Bank of Iraq Ali Mohsen Ismail Al-Alaq.

The President confirmed the need for adopting a balanced monetary policy, working on further strengthening the financial situation by diversifying State's resources and rationalizing public spending, especially in the current circumstances in which the country faces the Coronavirus as well as plunge in oil prices.

Moreover, he underlined the importance of pursuing a prudent fiscal policy that would achieve the supreme national interest, and help Iraq to overcome the current crisis as well as delivering stability and security for all citizens.

Al-Alaq, in turn, reviewed the Central Bank's role in minimizing the economic ramifications at the amid of the spread of COVID-19.

On another hand, he expressed gratitude and appreciation for the attention given by the President toward the Iraqi Central Bank and for his meaningful directives in this regard.

 

[DinarThug]

Thief

• Advanced Member
•  
• 
• Members

 

19 hours ago, Thief said:

Everytime they talk about Financial Management Law, I only remember this ~ 

He added that "the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country".

"The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment."

From Some ‘Thief’ In The Previous ‘Economic’ Thread !  

 

     

 

 

Everytime they talk about Financial Management Law, I only remember this ~ 

He added that "the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country".

"The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment."

 

[Linda Bower]

The question is,,,,How much do they need to raise the exchange rate to?

 

[Thief]

46 minutes ago, DinarThug said:

From Some ‘Thief’ In The Previous ‘Economic’ Thread !  

 

     

 

 

The more they raise the value of the dinar, the better it gets for Thief.. 😎✊

[DinarThug]

14 hours ago, DinarThug said:

Demands to review electricity contracts
The House of Representatives heads to legislate the oil and gas law during the upcoming sessions

 

A deputy reveals a deadline granted by America to Iraq to find an alternative for Iran to import energy

 

Policy 6/20/2020 19:31 228     

Baghdad today - Baghdad 

 

On Monday (8 June 2020), the deputy of Al-Fateh coalition, Abbas Al-Zamili, revealed that the United States gave the new government headed by Prime Minister Mustafa Al-Kazemi three months to find an alternative source from Iran regarding supplying Iraq with electrical energy. 

Al-Zamili said in an interview with (Baghdad today) that "there are American pressures that come within the framework of the economic blockade imposed on Iran," noting that "Washington gave Al-Kazemi's government three months in order to find an alternative source for Iran with the file of supplying Iraq with electrical energy." 

He added that "the import of electric energy from Iran or Saudi Arabia is unacceptable as it weighs heavily on the state budget, so the new prime minister's government should strive to go towards developing the electrical sector and increase the rates of energy production instead of importing it." 

The deputy of the Kurdistan Islamic Union bloc, Jamal Cougar, revealed, on Wednesday (3 June 2020) a condition that the United States of America placed on the Iraqi government regarding importing gas and electricity from other countries away from Iran. 

Cougar said in an interview singled out (Baghdad today), "Washington imposed conditions on the new government related to the import of gas and electricity from other countries away from Iran." 

He added that "those conditions come in light of the Iranian-American conflict, and the economic sanctions imposed on Tehran, and consequently the Iraqi government is obligated to search for alternatives to import electric power and gas, such as if the orientation is towards Saudi Arabia, Kuwait or other countries."

Last Wednesday, Iranian Energy Minister, Reza Ardakanian, assured President Barham Salih of his country's desire to invest in energy in Iraq. 

And Erdakanian reiterated his country's readiness to continue cooperation and support in all fields of Iraq, and its serious desire to invest in energy, expand electricity networks and exchange experiences. 

Prime Minister Mustafa Al-Kazemi confirmed to the Iranian Energy Minister today that Iraq is keen to establish the best relations with its neighbors. 

Al-Kazemi said, in a statement, that "the whole world is facing difficult circumstances due to the Corona pandemic and its repercussions on the economic scene," stressing that "the utmost efforts should be made to address the complex problems experienced by the countries of the region."

Al-Kazemi stressed that "Iraq is keen to establish the best relations with its neighbors, and that the government and within its basic program seeks to develop the scope of external cooperation and increase the exchange of experiences."

LINK

[DinarThug]

She’s Uncovering More And More Of The Details On All Of The Corruption !  

 

 

She’s Been Relentless ...

 

     

 

 

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Al-Tamimi: A former minister turned the most famous Iraqi school in Paris into a hotel !

 

 

08:32 - 08/06/2020

 

 

On Monday, a member of the Parliamentary Finance Committee, Magda Al-Tamimi, accused a former minister in the government of Abdul-Mahdi of converting the best and most famous Iraqi school in Paris into a hotel building, noting that the real estate file abroad bears many suspicions of corruption.

Al-Tamimi said in a televised statement, followed by "The Information," that "a former minister turned around the most famous and oldest Iraqi school in Paris on which the Arab community in France depended on education to rented hotel apartments without sending rent money to the state."

She added, "The Iraqi embassy in Japan owns a giant building, but it neglected its restoration and deliberately rented a building with huge sums of money in Tokyo to use it as an embassy."

Al-Tamimi said, “The real estate file abroad and inside carries a lot of suspicions of corruption and the government should expedite the accountability of the corrupt to increase Iraqi income.”