Al-Kazemi’s advisor announces the Ministry of Finance’s completion of the 2022 budget

  • Time: 04/30/2022 23:04:18
  • Reading: 1,105 times

{Economic: Al Furat News} Technical Adviser to the Prime Minister Haitham Al-Jubouri announced, on Saturday evening, the completion of the Ministry of Finance for the federal budget for the year 2022.

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Al-Jubouri said in a televised statement that: “The employees should pressure Parliament to pass the civil service law, and that the salary scale has reached the voting stage, but it has not been approved.”

He added, “Political pressures have hindered the approval of the salary scale. As for the 2022 budget, it is completed by the Ministry of Finance,” adding, “The Food Security Law is not a substitute for the budget.”

Al-Jubouri continued, “The surplus achieved from the increase in oil prices is 25 trillion dinars, and Iraq does not have food stocks for two months or a month.”

And he stated, “Food prices tripled before the month of Ramadan, and the government took measures to control the “obscenity” of some merchants.”

Economic analyst: Why does Iraq deposit money in a sovereign fund to buy bonds at a low interest rate?

01/05/2022 01:20

  • number of readings 178
  • Section : file and analysis

Baghdad / Obelisk: A researcher in political and economic affairs, Nabil Jabbar Al-Ali, called on Saturday, April 30, 2022, to invest oil revenues to establish a development fund away from the government’s hand and disposal, noting that  the fund contributes to financing strategic projects inside Iraq.

Al-Ali told the Obelisk: It is unreasonable to deposit money in a sovereign fund in which money is invested to buy US Treasury bonds with a low interest rate, adding: While Iraq continues to borrow periodically annual from financial institutions and countries at a higher interest rate, including the Chinese agreement loans.

He added, “It is possible to classify politicians into more than one category, including those who try to squander the wealth that comes from high oil revenues as a result of high oil prices, and on top of them are government officials, and some of them are trying to protect them or who are trying to obstruct the current government’s control over money.”

Regarding the contradiction of government policies in dealing with revenues, he explained: Whenever revenues diminish, the government looks for austerity policies, increase taxes or change the exchange rate, noting that whenever those revenues increase, the government contradicts itself by setting high spending policies without feeling responsible about the future of the upcoming budgets. And protect Iraq from the reversal of the economic cycle.

He pointed out that an increase in spending above the periodic general budgets of 130 trillion, may lead to an increase in domestic inflation facing the consumer.

Al-Ali called for investing large oil revenues to establish a development fund away from the government’s hand and disposal, adding that the fund contributes to financing strategic projects inside Iraq in partnership with large investment companies and to obtain and develop revenues, such as metro projects, railway projects, and refinery projects.

He concluded his speech by saying that the economies are working to protect the consumer from inflation, as in the United States, where it is working today to increase the interest rate and reduce public budgets to reduce its historical inflation rate.

Obelisk – Follow-up – A

Barzani is preparing to launch an initiative to end the political blockage

04/30/2022 16:13

  • number of readings 305
  • Section : Iraq

Baghdad / Obelisk: Deputy Speaker of Parliament Shakhwan Abdullah expected, on Saturday, April 30, 2022, that the leader of the Kurdistan Democratic Party, Massoud Barzani, would launch an initiative to solve the political situation in Iraq after the Eid al-Fitr holiday.

Shakhwan Abdullah said about the agreement between the Kurdistan Democratic Party, the Sadrist movement and the Sunnis in the parliament: There are those who think that the agreement is suffering from cracks, but this is not true and the relationship between Barzani and Muqtada al-Sadr is very good, and pointed out that the meetings stopped due to the month of Ramadan, and not every meeting It is revealed to the media, and the alliance exists as it was.

Regarding the American role in forming the new Iraqi government, Abdullah indicated that America supports the speedy formation of the government, but the problem is in the Shiite house and Sadr is one of the Shiite parties and there is no relationship with America, so America could not play a role as it did in the past.

And regarding what happened between him and his party leader Massoud Barzani in their meeting a few days ago, Shakhwan Abdullah explained: Barzani supports the unity of the ranks and harmony between the Kurdish parties, but this should not be on the basis of self-imposition from one side to another, as there are those who did not pay attention to this and violated the unity The Kurdish class, and they put their personal interests above the supreme interest of our people.

He concluded his speech by saying: I expect President Barzani to have an initiative to resolve the current Iraqi situation, which he will announce after the Eid al-Fitr holiday.

Obelisk – Follow-up – Agencies

Missile bombing targets Ain Al-Assad base in Anbar

securitybreakingShellingAin al-Assad

 2022-04-30 12:48A-AA+

Shafaq News/ An official security source said, on Saturday, that the vicinity of Ain al-Assad Air Base in Anbar Governorate, western Iraq, was subjected to a missile attack.

The source did not give further details in his statement to Shafak News Agency.

In turn, the so-called Islamic Resistance in Iraq, the “International Resistance Faction”, adopted the attack on the Ain al-Assad base.

The resistance said in a statement that Shafaq News Agency could not confirm its authenticity that its international faction “managed to target the Ain Al-Assad base with two 122mm Grad missiles, and the target was hit with high accuracy.”

Military bases hosting the international coalition forces have been subjected to missile attacks, since the killing of the Iranian “Quds Force” commander Qassem Soleimani in a US raid, in early 2020.

The United States accuses Iraqi armed factions close to Iran of being behind repeated missile attacks targeting its embassy in the capital, Baghdad, and its military bases in the country.

The Sunni Endowment in Iraq announces Monday the first day of Eid Al-Fitr

communitybreakingEid al-FitrSunni Endowment

 2022-04-30 10:42A-AA+

Shafaq News/ The Sunni Endowment in Iraq announced, on Saturday evening, that the day after tomorrow, Monday, is the first day of Eid al-Fitr.

The Waqf said in a statement received by Shafaq News Agency, “The legitimate vision of the crescent of the month of Shawwal has not been established today, and therefore Sunday is considered a complement to the month of Ramadan, and Monday is the first day of Eid.”

The Democrat sets a condition for finding a compromise candidate for the post of President of the Republic

political| 02:02 – 30/04/2022

Special – Mawazine News
The spokesman for the Kurdistan Democratic Party, Mahdi Abdul Karim Al-Faili, set today, Saturday, the condition to go and seek to find a compromise candidate for the presidency of the republic.

In an exclusive interview with Mawazine News, Al-Faili said, “Finding a candidate for a settlement must be the willingness of the opposite party to give up its current candidate, in order to reach an understanding about a new candidate who will be able to resolve the dispute.”

He added, “The Kurdistan Democratic Party is still sticking to its current candidate,” noting that “the election scenario will be by going with two candidates to Parliament, and it is he who determines the next president in the conduct of the political process.” Ended 29 / M 99

Al-Kazemi: The government has achieved the highest rate of economic growth and I have done what pleases my conscience in performing my duties

political| 10:11 – 29/04/2022

Baghdad – Mawazine News
, Prime Minister Mustafa Al-Kazemi confirmed the government’s success in achieving the highest economic growth rate in two years, while noting that the solution to the political blockage is not in political speeches, but rather in an attempt to restore confidence.
Al-Kazemi said in an interview with the official newspaper, which will be published tomorrow, Saturday, that he did not put in his economic work any promotional goals, warning that economic reform will not be achieved without suffering.
In his response to the decision to change the exchange rate of the dollar, the Prime Minister clarified that changing the exchange rate was not a qualitative decision for this government, but was preceded by studies that spanned for years. He said: “We do not have the magic wand to change reality in one fell swoop, but we have laid the foundations of a normal life.”
Regarding his failure to participate in the elections, Al-Kazemi affirmed his opposition and rejection of all requests that she wanted him to participate in.
Al-Kazemi expressed his satisfaction with what was accomplished during the two years of the government’s life, and said: “During two years of the government’s work, we succeeded in achieving the highest economic growth rate in the Arab countries, according to International Monetary Fund reports, which expected that the economic growth rate in Iraq would reach 9.5 percent. % during the years 2022 and 2023, concluding: “I did what satisfied my conscience in the performance of my duties, but on the political level, the conversation is still early.” Ended 29 / h

Al-Kazemi: The understanding between Iran and Saudi Arabia is imminent

  • Time: 4/29/2022 23:38:32
  • Reading: 234 times

  {Political: Al-Furat News} Prime Minister Mustafa Al-Kazemi announced that the understanding between Iran and Saudi Arabia “is imminent.”

Al-Kazemi said in a press interview: “The brothers in the Kingdom of Saudi Arabia and the Islamic Republic deal with the file of the dialogue with a high responsibility, and we are confident that the understanding is soon, God willing.”

Today, the Iranian ambassador in Baghdad, Iraj Masjedi, revealed new details about the latest round of talks between Tehran and Riyadh, which was held in Baghdad, announcing the two sides’ agreement on a roadmap for future negotiations.

Masjedi told the official IRNA news agency, “In the fifth round of Iranian-Saudi talks that were held last Thursday between the delegations of the two sides, a roadmap for the future was discussed and agreed upon,” explaining that “the two sides had proposals that were agreed upon after Thursday’s meeting and it became a road map for the future.” “.

In response to a question about whether the embassies of the two countries will be reopened, Masjedi said: The future negotiations will determine whether the issue of reopening the two embassies will be achieved or not, and this will depend on the upcoming negotiations. A framework agreement for the future has been reached, and this is a positive criterion illuminating the future course for both sides.

Masjedi referred to the general agreement between Iran and Saudi Arabia, and said that one of these agreements is related to “the second confidence-building process, which is bilateral measures and cooperation, such as the issues of Hajj and the issue of embassies of both sides, and the third issue is regional and international issues.”

Oil continues to rise, and Brent is at $108 a barrel

  • Time: 4/29/2022 14:45:58
  • Reading: 793 times

  {Economic: Al Furat News} Oil prices rose for a fourth day, today, Friday, as fears of Russian supply disruptions outweighed the impact of closure restrictions to combat “Covid-19” in China, the largest importer of crude in the world, which cast a shadow on demand.

Brent crude futures rose 88 cents, or 0.8%, to $108.47 a barrel, after rising 2.1% in the previous session.

West Texas Intermediate crude rose 55 cents, or 0.5%, to $105.91 a barrel, after rising 3.3% on Thursday.

And the two crudes are heading towards ending the week on the rise and recording gains for the fifth consecutive month, supported by the increased chances of Germany joining other countries in the European Union in banning Russian oil.

But oil prices are still volatile, as China has shown no indication of easing the closure measures, despite their impact on its economy and global supply chains.

With regard to supplies, six sources in the “OPEC +” group of oil producers told “Reuters” on Thursday that the bloc will likely adhere to the current agreement on production and will agree on another small increase in production for the month of June at its meeting on May 5.

Despite the Sadrists’ statement, the coordination framework announces an effective rapprochement at the beginning of next month

political| 03:25 – 29/04/2022

Special – Mawazine News
The deputy of the coordination framework, Thaer fearful, confirmed, on Friday, that the framework is thick with the entry of the Sadrist movement with it in forming the largest bloc.
In an exclusive interview with Mawazine News, he stated that the framework does not want or seeks to exclude any political bloc or party, and that it is determined to join the Sadrist movement in forming the largest Shiite bloc.
He added that there are external parties that have intervened to widen the gap within the Shiite house, despite that, the beginning of next month will be an effective rapprochement between the political parties and can break the suffocation and political blockage.
Today, Thursday, the Sadrist movement denied the existence of any agreement with the coordination framework on forming a government.
According to a document issued by the movement, Mawazine News obtained a copy of it, and a copy of it, that “some media outlets circulated statements and leaks about some leaders of the coordination framework that the twenty-eighth day of the blessed month of Ramadan will be a breakthrough and an agreement will be reached between the Sadrist movement and the framework.” The coordination, regarding the formation of the next government, and in response to these lies we say:
First: The purpose of these continuous lies is to destabilize the tripartite alliance (to save a homeland), and we tell them, it is a solid alliance that will not be shaken by such nonsense and allegations, and we call on them not to repeat that Second
: Since Mr. Muqtada al-Sadr announced the deadline for the month of Ramadan and beyond, and until this moment, there are no political understandings or meetings between us and the coordination framework, and we still say the government of the national majority regarding the formation of the next government.