Iraqi Politician Calls for Normalization of Ties with Israel

12 Sep 2020 | 07:15 PM

Iraqi Sunni politician and the leader of Ummah Party, Mithal al-Alusi, has called for the normalization of ties between Iraq and Israel after two Gulf states made the move in the past few weeks.

Alusi, who is known for his pro-West political views, told al-Shafaq News on Saturday that he supports the UAE and Bahrain for their decision to open a new chapter with Israel and normalize their ties.

He explained that the conflict between Israel and Palestine has been exploited by some countries for their own interests and not for the good of the people of Palestine.

“There are nearly 700,000 Iraqi jews who currently live in Israel. Why should we enter a war with them for the sake of Gaza or for the sake of the bank accounts of the Palestinian groups,” Alusi said.

He also pointed out that the top Iraqi political leaders have had meetings with Israelis, “but they are afraid of the Iranians because Iran is the policymaker in Iraq”.

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Parliamentary Finance reveals: The budget does not have sufficient cover for ten months.


Saturday 12 September 2020 | 03:18 PM

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The Parliamentary Finance Committee confirmed, on Saturday, that the federal budget bill for 2020 does not have sufficient cover for ten months .

Committee reporter Ahmed Al-Saffar said that “the federal budget law for 2020 will include a borrowing project,” noting that “borrowing is a government failure and tampering with public money .”

He added that “the country’s resources are wasted and the government borrows for the availability of salaries, and this matter is a danger to the Iraqi economy,” noting that “the 2020 budget does not have sufficient cover for ten months .”

Last Thursday, the Parliamentary Finance Committee indicated that the federal budget bill for the year 2020 is an operational budget par excellence.

The Central Bank denies the existence of money laundering operations in Iraq

Editing date: 9/12/2020 13:43

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Baghdad The Central Bank of Iraq denied, on Saturday, the existence of money laundering operations in Iraq.

The Director General of the Accounting Department at the Central Bank, Ihssan Shamran, said, according to government media, that “there are no systematic money laundering operations, and there are no markets specialized in this matter as well,” pointing out that “any practices in this regard, and if any, are limited.”

Shamran added, “There are media organizations that want to harm the Iraqi economy, the reputation of regulatory institutions, and keep investors away by creating the impression that the security of transactions, institutions and funds is weak so that they avoid dealing with Iraqi institutions and the Iraqi economy.”

He explained, ”

He called for “the necessity to respond to such allegations aimed at discrediting the Iraqi economic establishment,” noting that “cases of money laundering are widely spread in the countries neighboring Iraq.”