Fayyad acknowledges the targeting of an external mastermind of the crowd and come out with a position of 5 points with Abdul Mahdi

2019/08/21 16:37:22

The head of the Popular Mobilization Commission, Faleh al-Fayyad, said on Thursday that the recently targeted military positions inside Iraqi territory were “a planned foreign act.” “Does not represent the official position of the crowd.  

Prime Minister and Commander-in-Chief Adel Abdul Mahdi held a meeting on Thursday night with Fayyad and leaders in the Popular Mobilization (Hashd) to discuss the repeated bombings in Hashd camps in different parts of the country.

Four bases used by the Popular Mobilization have been hit by mysterious explosions over the past month, the latest of which took place on Tuesday evening at a headquarters near Balad air base north of Baghdad, which houses US military personnel.

The deputy head of the Popular Mobilization Council, Abu Mahdi al-Mohandes, on Wednesday, the United States bombed the crowd camps, pointing out that his forces will respond with “more sophisticated weapons.”

The United States has previously denied any role in the PMF bombings.

There were reports of Israeli involvement in these operations, without any direct accusation being made in this regard, and without any claim of responsibility.

An explosion at the al-Saqr base near Baghdad on August 12 was caused by an airstrike by a drone, the government commission said Wednesday.

The series of explosions began in mid-July, when an Iraqi fighter was killed and two Iranians were wounded after the camp “martyrs” of the crowd in the area of Amerli in central Iraq to “the bombing of an unidentified march,” according to a statement of the Iraqi Joint Operations Command.

Then there were explosions at Camp Ashraf Diyala, and then in a crowd store inside the Falcon camp of the Federal Police, and then at the headquarters near Balad Air Base.

See the text of the Fayyad statement issued today:



IMF: Trump’s policies will not correct trade deficit

21-08-2019 08:42 PM

The number of readings: 20

Orbit Agency –


BEIJING (Reuters) – The United States imposed tariffs on China and weakened the dollar by cutting interest rates will not correct the trade deficit, economists said on Wednesday.

In an unusually frank language, experts ‘views appeared to target US President Donald Trump, who has called for the Federal Reserve to continue to cut interest rates to weaken the dollar and stimulate the economy, as well as impose a set of tariffs on China to reduce the deficit, which he describes as’ theft’.

The IMF’s chief economist, Gita Gopinath, stressed that US policies are counterproductive and will not produce the desired results and will slow the global economy.

Gopinath warned in a blog titled ‘Taming the Currency Flurry’, prepared in collaboration with IMF researchers, Gustavo Adler and Luis Copedo, that ‘mutual tariff increases are unlikely to reduce trade imbalances, because it mainly leads to the diversion of trade to other countries’. .

“Instead, these steps are likely to hurt domestic and global growth because they will undermine business and investment confidence, disrupt global supply chains, and raise product and consumer costs,” she said.

She pointed out that any plans to weaken the value of the US currency ‘difficult to implement and will probably be ineffective’, adding that putting pressure on the central bank will not achieve that goal.

The authors also warned that ‘should not pay much attention to the view that easing monetary policy will weaken the country’s currency in a way that leads to a permanent improvement in the balance of trade’, stressing that ‘monetary policy alone will not lead to a permanent devaluation of the currency, which is necessary to achieve That result, especially in 12 months. ‘

Trump has imposed stiff tariffs on Chinese goods worth 250 billion dollars and plans to impose new tariffs on imports of 300 billion dollars in two more rounds on Sept. 1 and December 15.

Though the IMF and others warned that Trump’s trade war was slowing global growth, and with signs of a possible contraction in the US economy, Trump had stepped up attacks on the Fed and China.

Last month, the International Monetary Fund (IMF) again lowered its outlook for global growth and said trade tension would make 2020 risky as tariffs could further slow China’s economy.


Trade completes electronic window project

Date: Edit: 2019/8/21 19:25

The Ministry of Commerce announced on Wednesday the completion of the electronic window project for the issuance of import and export licenses, and launch the work of the website of the International Trade Point of Iraq to register public sector companies, which allows to achieve benefits through the existence of an integrated database allows the marketing of products and tenders and methods Buying and selling.

“The General Company for Exhibitions and Commercial Services in the ministry has completed the one-window project with the aim of issuing import and export licenses and linking them to border ports through an electronic system that facilitates procedures on the owners of companies and investors,” Trade Minister Mohammed al-Ani said in a statement received. .

Al-Ani added that “working according to the electronic system within the single-window project comes within the framework of the implementation of the government program and facilitate the task of investors and companies in the introduction of goods and export of materials outside Iraq has been working through national companies and a short record period in comparison to the important role and many procedures that are related to the subject.”

On the same level, the Minister of Commerce, “the launch of the site of the electronic point aimed at achieving many benefits and the impact of the advancement of the reality of the Iraqi economy and its openness to global markets,” pointing out that “these benefits come to create a complete database of electronic commerce in the field of marketing products He also offered tenders, methods of sale and purchase, the names of local and foreign companies, the publication of commercial legislation, shipping of all kinds, insurance, banks and all related to internal and foreign trade.

Ani, he said that ”

The Minister of Trade also stressed, “Iraq Trade Point will activate the work of the private sector and promote the growth of the Iraqi economy and will be the focus of all international goods,” pointing out that “the project needs infrastructure and database through which we can carry out electronic business.” is over


IMF warns governments against currency interventions aimed at improving trade balance

Date of edit:: 2019/8/21 18:22

The International Monetary Fund warned on Wednesday against governments seeking to weaken their currencies through monetary easing or market intervention, saying it would damage the functioning of the global monetary system and cause suffering to all countries.

The IMF said in a post on its blog, which comes as bankers from global central banks prepare to meet this week in Jackson Hole, Wyoming, that policy proposals for the use of monetary easing and direct purchases of currencies of other countries are unlikely to be effective.

“ One should not strongly believe in the view that easing monetary policy can weaken a country’s currency enough to achieve a continuous improvement in its trade balance through a diversion in spending, ” said Gita Gopinath, chief economist at the IMF and IMF researchers Gustavo Adler and Luis Copedo. Monetary policy alone is unlikely to produce significant and sustained reductions in the value needed to achieve that result. ”


Deputy Prime Minister announces the completion of administrative and legal procedures for the distribution of plots of land to citizens

money and business

Economy News _ Baghdad

Deputy Prime Minister and Minister of Finance Fouad Hussein, on Wednesday, the completion of administrative and legal procedures for the distribution of plots of land to citizens, indicating that the Ministry of Finance is continuing to distribute land plots to citizens in all Iraqi provinces.

Hussein said in a statement received by the “Economic News” a copy of it, that “in accordance with the provisions of the government program in the distribution of land plots to citizens, the State Real Estate Department has completed the legal procedures to transfer ownership of some real estate to the Ministry of Construction, Housing, Municipalities and Public Works, in accordance with the provisions of the law with a view to distributing them to beneficiaries.” .
Hussein added that “the ownership of the property located in the western half of Dujail and an area of 1500 acres within the province of Wasit, which will provide 850 residential plots to the ministry above for the purpose of distribution to the beneficiaries, in addition to the transfer of ownership of 4000 residential plots in the province of Basra in Bab Zeid province From the Ministry of Finance to the Ministry of Construction and Housing for the purpose of preparing for distribution. ”
Hussein said that “the Ministry of Finance is continuing to implement all the resources in the government program within the specified timelines regarding the distribution of plots of land to citizens in all Iraqi provinces after the completion of legal and administrative procedures and maintains the speed of completion.”
The Council of Ministers voted on March 13, 2019 to sort and distribute residential land for the previously established categories, and the category of those covered by the social welfare network and those with special needs is granted plots of residential land with an area of (200) m2 instead of an amount of (250) dinars per square meter, provided that they have not previously benefited from A piece of residential land from the State in accordance with resolution (120) for the year 1982.


Rouhani deletes 4 zeros from the Iranian rial

The Iranian government approved in early August the deletion of four zeros from the rial and the adoption of “Altoman” alternative currency.

Arabic and International

Economy News – Baghdad

TEHRAN (Reuters) – Iranian President Hassan Rouhani sent a bill to parliament on Wednesday to remove four zeros from the value of a nation’s currency, which has been hit by severe financial sanctions.

The “Associated Press” quoted semi-official news agencies that Rouhani will send the bill to parliament for consideration in a hurry.

The Iranian rial has faltered because of the effects of heavy US sanctions on the country since President Donald Trump’s decision to withdraw from the nuclear deal more than a year ago.

The value of one dollar in the trading markets today 116500 riyals.

At the time of the signing of the nuclear agreement in 2015, the value of the dollar was 32 thousand riyals, but the recent US sanctions made it deteriorate significantly.

The Iranian government approved in early August the deletion of four zeros from the rial, and the adoption of “Altoman” alternative currency.

Government officials said the move would make the Iranian currency “more effective”, they said.