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International Monetary: The economic outlook is not quite as bleak as expected

A senior official at the International Monetary Fund said today, Thursday, that the global economic outlook is not quite as bleak as it was expected only three months ago, pointing to economic data that came better than expectations from China and advanced economies .

But a spokesman for the fund, Jerry Rice, told reporters that the overall economic outlook remains difficult; As a result of the Coronavirus pandemic and its impact on many sectors of the economy .

He indicated that the situation is still “unstable” in many developing countries and emerging markets other than China, pointing out that the IMF is also concerned about the growing levels of debt.

Pompeo: Washington wants a peaceful solution with Iran

Arab and international




Aramco attack

2020-09-24 15:01

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Shafaq News / US Secretary of State Mike Pompeo said that the United States wants a peaceful solution to the tension with Iran, but the ball is in Tehran’s court.

“We want a peaceful solution with Tehran and we hope that we can reach that. In the end, it will be up to the Iranians to make this decision,” Pompeo told a news conference on the sidelines of the annual meeting of the United Nations General Assembly.

“We hope to find an opportunity to negotiate with them and come up with a result that is good for them and for the United States,” he said.

On the other hand, a US State Department official said that the United States is communicating with Iranian officials to discuss the fate of American citizens held in Tehran.

“We have offered, as President (Donald Trump) has offered to meet with the Iranians (on the issue). We sent a letter earlier this year,” said the official, who requested anonymity.

In response to a question about whether the United States has made new efforts to secure the release of prisoners before the meeting of world leaders as part of the work of the United Nations General Assembly this week, the official said, “They know where we are.” The official added that Washington’s efforts were not interrupted.

“We need to see a goodwill gesture,” the official said, referring to the 2015 nuclear deal between Iran and world powers.

Iranian officials could not be reached for comment on the official’s comments.

With documents and names … Nouri al-Maliki’s gangs control Iraq’s banks and plunder currency auctions to finance Iran and Hezbollah

Al Arabiya exposes Iran’s militias controlling the oil money and the “Central Bank”

 in a report full of terrifying details, which shows a terrible face of corruption in Iraq and the extent to which Iran’s gangs are able to control the scene in Iraq, and control bank money. A professional investigative report published by Al-Arabiya exposed Iranian men who seized billions of dollars and seized them daily and with the launch of hard currency auctions.

And “Al-Arabiya..Net” revealed in its report, which was re-published by the “Baghdad Post,” because of its great importance.

It seems remarkable the changes that have occurred in high-ranking positions, including that of the governor of the Central Iraqi Council, Ali Al-Alaq, and the appointment of Mustafa Ghaleb as his successor!

This change in a high-level financial position indicates anything, as it indicates the extent of corruption that has permeated the top of the hierarchy of the Iraqi economy and its financial and banking institutions.

The “Al Arabiya” report revealed a large network of Iraqi businessmen and banks that acquired the so-called foreign currency sale window in the Central Bank of Iraq.

So it becomes clear, and with the documents that we will review, that they are shell companies belonging to Iraqi people loyal to Iran that obtain dollars supported by the Iraqi Central Bank under the pretext of importing goods and goods to Iraq.

But how is this done?

Sources describe the “currency auction window” in Baghdad as a gateway to corruption for the flow of money into Iran and financing its militias with Iraqi oil money. The Central Bank of Iraq, after obtaining oil revenues, sells dollars to Iraqi civil banks, which in turn sell them to Iraqi companies according to requests to import goods and goods. .

The paradox here is that part of these import requests are “fake and fraudulent,” meaning that the dollar is sold at subsidized prices to banks by means of a “currency auction”, without goods being imported in return, so that these funds are transferred to exchange companies related to Iran, or the terrorist organization ISIS, despite It has been subjected to US and international sanctions.

$ 200 million … Iraqi Central Sales daily

In addition, this matter is considered a violation of the Federal Budget Law of the state in 2015, which set the sales of the Central Bank of Iraq at 75 million dollars per day, but today the amount ranges as an average between 150 – 200 million dollars, which is approximately 3 times the estimated amount specified in the law, and this is what it shows The results of the foreign currency sale window published by the Central Bank on its official website. 

It is noteworthy here that the Iraqi Federal Court later canceled 8 paragraphs of the financial budget for the year 2015, including Article 50 for determining a ceiling for central bank sales, which was subjected to severe criticism at the time by members of the Finance Committee.

MP Magda Al-Tamimi considered that the decision is a blow to anti-corruption efforts in government departments at the time, in the year 2015.

When checking the private banks that receive subsidized dollars for their receipt to Iraqi merchants, we find that nearly half of the banks that participate in the currency sale window supervised by the bank The Iraqi Central Bank belongs to personalities loyal to Iran or close to political figures affiliated with Iran, and this is what brings them huge profits.

1- Al-Huda

Bank, Al-Hoda Bank was prevented from auctioning previously in 2015 by the Central Bank of Iraq due to legal violations.

One of the documents prepared by the late head of the Iraqi Parliament’s Finance Committee, Ahmad Chalabi, shows how the Hoda Bank owned by Hamad Al-Mousawi (who is close to former Prime Minister Nuri al-Maliki , Iran’s political ally), in the period between 2012-2015, bought something worth 6.5 One billion dollars for 3 money transfer companies are:

1- Al-Tayeb Money Transfer, which was founded and managed by Hamad Al-Mousawi himself.

2- Al-Mahaj Money Transfer, owned by Hassan Nasser Al-Lami (close to Iran).

3- Iraqna for Financial Transfer, it later turned to Al-Rawahil Company for Investment and Finance, and then the Central Bank canceled its license due to legal violations.

It is to be noted here that, recently, the Supreme Judicial Council / Baghdad Rusafa Federal Court of Appeal demanded, on 8-8-2019, to lift Hamad al-Mousawi’s immunity for the crime of appropriating money in another case.

Oil dollars fund ISIS

It was later revealed through the documents that the Al-Mahaj Money Transfer Company had dealt with Al-Rawi Exchange Company to transfer amounts of no less than $ 547 million during the year 2014 only, according to Chalabi.

The biggest surprise is that Al-Rawi Exchange Company was subjected to sanctions in April 2019 by the US Treasury Department, due to its funding of terrorism.

According to the US Treasury Department report, the six individuals who have been blacklisted constitute the main strength of what is known as the “network of narrator”. They are Mushtaq Talib Zughair Al-Rawi, an Iraqi citizen residing in Belgium, who leads the network’s operations in Turkey and Iraq, in addition to To his son and two brothers, along with two other relatives.

The US Treasury Department’s statement indicates that, as of November 2017, Mushtaq Al-Rawi supervised the transfer of funds to ISIS using the remittance network across Iraq and Turkey where ISIS salaries were paid in Syria.

The Iraqi Central Bank denied .. and account statements proving the opposite,

in its central role, he denied any relationship between the Al-Mahaj Financial Transfer Company and Al-Rawi Exchange Company, so that the response came quickly from the Finance Committee in the Iraqi Parliament, showing account statements for bank transfers made between the diaspora and the narrator, as the documents show below.

But more than that, as a document we obtained issued by the Iraqi Ministry of Trade / Companies Registration Department showed that nearly half of the sums that were sold from the window of sale of foreign currency during the period from 1/1/2014 to 2/28/2015 did not specify the parties. Obtained as 29 companies out of 32 are not registered in the Companies Registry.

2- Bank across Iraq:

In this bank, the relationship between Hamad Al-Mousawi and Hassan Nasser Jaafar Al-Lami (close to Iran) who owns this bank, and also the owner of the Al-Mahaj Money Transfer Company, which has been suspected of dealing with Al-Rawi Exchange Company (accused of financing ISIS by the International Coalition), is evident. He later changed the name of Al-Muhaj Financial Transfer Company to the Islamic Holding Bank.

3- Noor Iraq Islamic Bank is also

owned by Hassan Nasser Jaafar Al-Lami, it was under the tutelage of the Central Iraqi in 2012 and then it was lifted in 2014. The

funny thing is, in the case of this bank, that on 31-10-2019 the Central Bank prevented it from auctioning the currency after placing it on List of international sanctions and its inclusion on the blacklist.

Nevertheless, a document we obtained shows that this bank was granted a certificate of appreciation by the stock market on 2/16/2020, despite its inclusion on the US sanctions list.

The matter does not stop at this point. Rather, the Central Bank of Iraq excluded it from dealing in other currencies, other than the dollar, until further notice, according to the decision issue number: 3/3/436 and the date of 10/31/2019, in circumvention of international sanctions.

4- Middle East Islamic

Bank: This bank was banned from selling currency in 2015, owned by Ali Muhammad Ghulam (close to Iran) and managed by Haider Ghulam, as it dealt with fake money transfer companies, according to the document issued by the Finance Committee in the Iraqi Parliament.

He owned the Al-Nada Company for Financial Transfer, which, through the currency sale auction, managed to achieve profits and to acquire shares of Al-Sharq Bank in 2012. He dealt with Afaq Al-Mustaqbal Company, which was subjected to US sanctions for its dealings with terrorism.

It should be noted that Ali Muhammad Ghulam owns the Al Ansari Islamic Bank and is also a participant in the window of currency sale.

5- Islamic World Bank

It is owned by Saif al-Din Saad Hashem, nicknamed (Saif Badir) and is close to the former central bank governor Ali Al-Alaq and Nuri al-Maliki, according to Iraqi sources.

He is a partner of Ali Ghulam in the Elaf Islamic Bank, knowing that Elaf Al-Islami was previously included on the American blacklist for his cooperation with the Iranian Export Development Bank in 2012 and raised in 2013 during the era of former US President Barack Obama, where that stage was known as the stage of negotiations and “flexibility.” By Obama that preceded the signing of the Iranian nuclear deal.

For your information, the Parliamentary Economic Committee was conservative in the relationship of the Iraqi Central Bank with the Islamic World Bank and called for non-discrimination in classifying banks and granting them privileges.

Saif Badir also owns a stake in Al Janoub Islamic Bank, which also participates in the window selling the currency.

And there are unconfirmed reports in Iraqi newspapers that Saif Badir is one of the suspects who were arrested in the recent detention campaign in Baghdad.

6- The Iraqi Union Bank

also, this bank was banned from auctioning currency in 2015, its owner is the brothers Aqeel and Ali Muften, who are close to Nuri al-Maliki, and their bank was offered in 2016 to seize $ 200 million by the US Federal Reserve, as part of a $ 6 billion transfer to the owner of Al-Hoda Bank Hamad Musawi, close to Nuri al-Maliki

Notably, however, they have close ties with Maliki through Ali Al-Alaq, the former governor of the Iraqi Central Bank.

7- The Economy Bank for Investment

was under the tutelage of the Central Bank of Iraq in 2014 for a period of 3 years, until the tutelage was lifted from it on 10/2/2017

It is owned by Saadi Waheeb Sihoud, Adilah, a close confidant of Nur al-Maliki, Hasan Al-Sunaid.

8- Erbil Bank is

owned by Fayed Abdul Amir Hassoun Al-Waeli, who is suspected of smuggling hard currency from Baghdad to Erbil and then to Turkey by land.

According to the documents of the Finance Committee in the House of Representatives, in 2012, 2013, 2014, the bank carried out transfers with Turkish companies in favor of money transfer companies owned by the owners of the same bank. Fayed Al-Waili also owns the Islamic Qurtas Bank, which is also included in the window of currency sale.

9- The United Investment Bank,

part of its shares is owned by Hassan Nasser Jaafar Al-Lami, while 40% of the shares belong to Fadel Al-Dabbas.

And here it must be noted that in November 2018, the Central Bank of Iraq decidedPutting the United Bank for Investment under trusteeship.

According to Iraqi sources, Fadhil Al-Dabbas, a relative named Haitham Al-Dabbas, is the Chairman of the Board of Directors of the Noor Iraq Islamic Bank, which is owned by Hassan Al-Lami.

10- Al-Ataa Islamic

Bank is the former Islamic Bank of the country, its name has been changed to Al-Bid Bank, and a new board of directors was appointed after US sanctions were imposed on it from the Treasury, on charges of financing Hezbollah, but it is strange that the bank is still practicing its functions and participating in the window of currency sale.

Its ownership belongs to Aras Habib, who is loyal to Iran, who is listed on the blacklist, and was under guardianship by the Central Bank and was removed from it on 11-12-2019. He was also prevented from dealing with other institutions in US dollars due to international sanctions, but the Central Bank of Iraq excluded him from dealing in other currencies until further notice, according to Decision No. 436/3/9 dated 31/10/2019.

Iraq on the list of money laundering and terrorist financing risks

since September 2016, the European Union has placed Iraq on the list of high-risk countries related to money laundering and terrorist financing. Even when the Iraqi Foreign Ministry requested that the name of Iraq be removed from this list, the European Union rejected this request, indicating that it might do so in October .. However, Iraq must achieve all the necessary criteria to join these countries.

Observers described the Al-Arabiya report as a huge scandal that proves how Iran seized millions of dollars annually through its men’s banks, led by the criminal Nuri al-Maliki.

Al-Kazemi becomes required to stop the currency auction, close the looting pipe, and finance Iran’s gangs.


Short link

The start of a meeting between Al-Kazemi and Shiite leaders to discuss two main files




Shiite leaders

2020-09-24 14:16

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Shafaq News / Prime Minister Mustafa Al-Kazemi held a meeting, on Thursday evening, local time, with Shiite political leaders.

A Kurdish leader calls for an end to the “massacre” and reveals a stern warning from Pompeo to Iraq

An informed source told Shafaq News that the meeting discusses the file of early elections and bombing diplomatic missions mainly, in addition to political and security files.

The Speaker of Parliament, Muhammad al-Halbousi, had previously  announced the allocation of a session the day after tomorrow, Saturday, to complete the vote on the House of Representatives election law.

The new draft election law is the biggest dilemma facing early elections that Prime Minister Mustafa Al-Kazemi called for on the sixth of next June.

The Iraqi parliament had begun late last year to discuss the legislation of the new law under the weight of popular protests, as it is expected that it would allow more room for the rise of independents and small blocs to parliament.

However, disagreements still exist regarding key provisions in the law, including those relating to the adoption of a single electoral district at the level of one governorate or multiple districts, as well as the adoption of direct voting for the candidate or voting for the electoral list.

After repudiation … Al-Sadr: The time has come to expose and hold accountable the “impudent militias”



the chest


2020-09-24 14:12

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Shafaq News / On Thursday, the leader of the Sadrist movement, Muqtada al-Sadr called on the Popular Mobilization factions to uncover the “impudent militias” and hold them accountable for the bombing and assassination operations that take place in Iraq.

Saleh Muhammad al-Iraqi wrote a tweet, quoting al-Sadr, in which he said, “After all the factions have disavowed the rude and undisciplined (militias) … Thankfully, they must immediately uncover and hold them accountable in cooperation with the security services.”

He added, “The people are still waiting for that … Otherwise, Iraq will be lost among the idols of the corrupt and the rogue.”

Al-Sadr had criticized, in a tweet yesterday, Wednesday, “some factions” under the umbrella of the Popular Mobilization Authority, and accused them of being behind the assassinations and bombings that take place in Iraq, calling on the crowd leaders to distance themselves from these actions.

The Al-Fateh Alliance, led by Hadi Al-Amiri, did not wait much, and issued a statement Thursday declaring its rejection and condemnation of “any action targeting diplomatic missions,” calling on “the judiciary and security services to stand firmly and forcefully and end the series of kidnappings, assassinations, and stirring terror among people.”

At the same time, the Popular Mobilization Authority issued a statement, in which it also disavowed “any suspicious operations and illegal military activity targeting foreign or civilian interests.”

It is noteworthy that this is the first time that the PMF and the Al-Fatah Alliance issued statements condemning the targeting of foreign missions in Iraq, about a year after the escalation of missile attacks against the United States Embassy in Baghdad and some Iraqi camps that include American soldiers.

In fact, some of the factions under these two groups, such as Kataeb Hezbollah (the Hashd) and Asa’ib Ahl al-Haq (Al-Fateh and the Hashd), were promoting and glorifying the missile attacks targeting US interests in Iraq.

After the mobilization and national security … Al-Kazemi moves towards “integrity” and “accountability and justice”




Accountability and justice

2020-09-24 13:20

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Shafaq News / The Commander-in-Chief of the Armed Forces, the Iraqi Prime Minister, Mustafa Al-Kazemi, issued, on Thursday, new directives regarding Baghdad International Airport, including closing the offices of integrity, accountability and justice, according to an informed source.

The source told Shafaq News that Al-Kazemi directed the closure of the integrity, accountability and justice offices inside Baghdad International Airport, and giving them until next Sunday to completely evacuate them.

The new directives also stipulated preventing the presence of any wheel in the yard of aircraft except for the wheels of decrees, and it is also strictly forbidden to cross the customs campus for any person except the passenger, according to the source.

The new directives come shortly after Al-Kazemi formed a committee headed by Minister of Interior Othman Al-Ghanimi to close the security offices of the National Security Agency and the Popular Mobilization Authority at Baghdad International Airport and other airports and ports.

Al-Kazemi kept my office interior and intelligence apparatus only at airports and ports.


(KRG) Finance and Economy Ministry building in Erbil, Kurdistan Region(File)

11 Hours ago

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SULAIMANI — After announcing plans to do so earlier this month, the Kurdistan Regional Government’s (KRG) Finance and Economy Ministry ran a currency exchange on Wednesday (September 23) in Erbil city.

A source told NRT Digital Media that $35 million ($41.9 billion Iraqi dinars) was exchanged.

“The [finance and economy ministry] received 122,800 Iraqi dinars for each $100,” the source said who spoke on condition of anonymity because they were not authorized to speak to the media, noting that the public treasury took in 600 million Iraqi dinars ($501,000) as a result.

“From now on, if any money that is the government’s property and enters the Region, including oil money, it will be exchanged like that,” the source added.

On September 19, the ministry said it would exert greater control over the exchange of US dollars and Iraqi dinars in the Kurdistan Region, taking over responsibility for currency auctions from the Central Bank of Iraq.

The move comes as part of an effort by the KRG to capture more internally-generated wealth through stricter enforcement of taxation and fee collection.

The government is facing a severe budget shortfall and is unable to pay its full public sector wage bill amid low oil prices and budget dispute with Baghdad.

(NRT Digital Media)

After everyone repudiated the third party … a strategic expert reveals an upcoming deal between America and Iran

Baghdad – news

Today, Thursday, the strategic expert, Ihssan Al-Shammari, revealed the details of an expected deal between the United States and Iran.

Al-Shammari said in a tweet on his personal Twitter page that was followed by Al-Akhbariya, that “it is likely that the deal will be close between Washington and Tehran.”

He pointed out that “everyone in Iraq has disowned the third party as the deal approaches.”

د.احسان الشمري


على الأرجح أن الصفقة بين واشنطن وطهران أصبحت قريبة …

لذلك ( الكل ) في العراق تبرأ من الطرف الثالث !!

9:58 AM · Sep 24, 2020

Finance responds to the statement of the Kurdistan government strongly worded

276 Policy 09/24/2020 20:47

Baghdad today – Baghdad 

Today, Thursday, the Ministry of Finance issued a statement in response to the statement of the Kurdistan Regional Government regarding the statements of the Minister, Ali Allawi.

In the statement, the Ministry of Finance stated that it takes note of the press release issued by the Kurdistan Regional Government, commenting on the Finance Minister’s recent interview with the Financial Times of London, that “it is clear that the Kurdistan Regional Government unfortunately responded to a distorted and inaccurate version of the interview, and it drew conclusions. False”.

The statement added, “The full interview is available on YouTube. The Kurdistan Regional Government will find that the comments attributed to the Minister of Finance were incorrectly reported.”

Today, Thursday, the Kurdistan Regional Government issued a statement in response to the statements of the Minister of Finance, Ali Allawi, during which he stated that the region had turned into a source of oil smuggling, and caused many problems in Iraq’s commitment to the quota system in the Organization of Petroleum Exporting Countries (OPEC).

The Kurdistan Government’s Ministry of Natural Resources stated in the statement that “the regional government vehemently denies the recent allegations by the Minister of Finance in the Federal Government regarding oil smuggling,” indicating that “these allegations are baseless, rather they are pure speculation that lacks evidence.” .

The statement added, “The figures on oil production and export by the Kurdistan government are subject to independent scrutiny and periodic publication by the Deloitte Corporation, noting that Deloitte reports are prepared and prepared for public opinion, and what is really required is that the federal authorities follow the model of the regional government, meaning that It allows auditing and publishing the quantities of produced and consumed oil as well as what it exports by independent bodies in order to achieve the highest levels of transparency and responsibility in the oil sector and at the level of Iraq as a whole.

He continued, “The Kurdistan Regional Government has reduced its production after the OPEC agreement, and that the total numbers of its production are below proportional levels and its entitlement compared to the rest of Iraq,” noting that “the Kurdistan Regional Government continues to deal with the federal government on the basis of its constitutional rights, and will continue to act.” Responsible for the operational aspects of oil and gas. ”

The Ministry of Natural Resources indicated that it considers the statement to be a clarification “in the context of the broader state of dialogue between us, which aims to achieve credibility in our relations as well as ensure and respect the rights and duties of both parties in accordance with the constitution.”