ISIS claims the Baghdad bombings




Baghdad blast

2021-01-21 18:00

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Shafaq News / On Friday, ISIS claimed responsibility for the double suicide bombing that targeted Al-Tayaran Square in the center of the capital, Baghdad, killing 32 people and wounding 110.

The organization said in a statement that the two suicide attacks were carried out by “Abu Yusef Al-Ansari” and “Muhammad Aref Al-Mujahid.”

On Thursday, Iraqi Prime Minister Mustafa Al-Kazemi vowed a “harsh” and “earthquake” response to the suicide bombings in Baghdad.

Al-Kazemi said in a tweet on Twitter, “Our people have demonstrated the solidity of their resolve in the face of ISIS’s takfiri terrorism. The will to live among our people as they challenge terrorism in the place of the heinous crime of Bab Al-Sharqi was a message of unparalleled pride and popular valor.”

And he vowed, “Our response to those who shed pure Iraqi blood will be cruel and earth-shattering, and the leaders of ISIS darkness will see which men they face.”

Al-Kazemi removed five prominent leaders from their posts hours after the bombings.

Two Kurdish delegations to Baghdad to persuade the parliament and the blocs to pass the budget

Friday – 9 Jumada II 1442 AH – January 22, 2021 AD Issue No. [15396]

Minister of Planning in the Kurdistan Regional Government of Iraq Dara Rashid (Rudaw)

Erbil: «Asharq Al-Awsat»

The Minister of Planning in the Kurdistan Regional Government of Iraq, Dara Rashid, announced that two high-level delegations from the region, one governmental and the other political, will visit the capital Baghdad next week to discuss the region’s share in the federal budget for the current year.

Rashid said during a press conference in Erbil, yesterday, that «the government delegation will go to Baghdad next Saturday, to be followed by another visit of a high-level political delegation that includes representatives of the main parties in Kurdistan». He added, “The political delegation is to be headed by the President of the Kurdistan region, Nechirvan Barzani, in his capacity as vice president of the Kurdistan Democratic Party, as well as a leader in the Patriotic Union of Kurdistan and another from the Change Movement, and other parties may participate, if they wish.” He stressed that «the Kurdistan Regional Government hopes to reach an agreement with the Iraqi government according to the commitment of the regional government to send 250 thousand barrels of oil per day from the fields of Kurdistan, in addition to 50 percent of the imports of border crossings, provided that the federal government guarantees the share of the region in the proportion agreed upon in a draft Budget (12.6%).

A source close to the Iraqi prime minister told Al-Sharq al-Awsat that the meetings of the Kurdistan Regional Government’s delegation to Baghdad within days will be with the political blocs and parliamentary committees, “as there is no disagreement between the federal government and the Kurdistan Regional Government about the 2021 budget. On the contrary, there is. Prior agreement on this issue and the region clearly announced its acceptance of the draft budget prepared by the federal government ».

Regarding the details of the visit, the Minister of Federal Government Affairs in the Kurdistan Regional Government, Khaled Shawani, told Al-Sharq Al-Awsat that “the proportion of the Kurdistan region in the 2012 federal budget was agreed upon with the federal government previously and is guaranteed in the draft budget law presented before the House of Representatives, and a government delegation The region, which will visit Baghdad next week, will meet the Parliamentary Finance Committee and other committees related to the budget in addition to the parliamentary blocs and representatives, to explain to them facts about the financial situation in the draft budget law and the financial relationship between Baghdad and Erbil.

Parliamentary Finance: The exchange rate of the dollar will remain high for the coming years

Political | 12:56 – 01/20/2021

BAGHDAD – Mawazine News

The Parliamentary Finance Committee confirmed, on Wednesday, that the high price of the dollar against the Iraqi dinar will continue for the next three years.

Committee member Sherwan Mirza said that the dollar exchange rate against the Iraqi dinar will remain high for the next three years, according to the plan of the Central Bank of Iraq.

He added: The government has won 12 trillion dinars from the decision to raise the price of the dollar against the Iraqi dinar, and this will lead to reducing the deficit in the federal budget for the year 2021.

Parliamentary Finance: A major change in the budget, including the price of oil, and these points of contention

Time: 01/21/2021 20:48:04 Read: 6,357 times

{Baghdad: Al Furat News} The Parliamentary Finance Committee revealed, on Thursday, a major change in the draft federal budget bill for 2021.

The committee’s rapporteur, Ahmed Al-Saffar, said in a televised press statement, “The Finance Committee is exempt from attending Parliament sessions and holds morning and evening sessions to end discussion of the budget bill.”

And, “the committee has started developing alternative proposals for each article in the law, and certainly there will be very large and prominent changes, and spending will not remain in the budget of 164 trillion dinars, and it will reduce significantly in return to maximize revenues.”

Al-Saffar stressed, “We have put our hands on waste in revenues and expenditures, and thus we are heading to reduce the deficit significantly,” noting that “the change will affect the price of a barrel of oil and will not remain $ 42,” as specified by the ministry.

He noted, “The differences in the budget are in the distribution of expenditures on the provinces, the share of the Kurdistan region, and the inclusion of the new job grades in the budget,” stressing that “the committee is serious about scrutinizing the draft budget in a large way as it enters into details that were not addressed by previous budgets.”

Raghad Daham

In the aftermath of the Baghdad bombings, Al-Kazemi ousted five prominent security chiefs




Security leaders

2021-01-21 14:09

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Shafaq News / The spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasoul, announced, on Thursday, that the Prime Minister and Commander-in-Chief of the Armed Forces, Mustafa al-Kazimi, had issued orders to remove 5 prominent security leaders from their posts in connection with the Baghdad bombings.

Rasoul said in a statement received by Shafaq News, that the orders included the “dismissal of the Deputy Minister of Interior for Intelligence Affairs, Lieutenant General Amer Saddam, from his position, and the assignment of Lieutenant General Ahmed Abu Ragheef to replace him.”

He referred to “the dismissal of Abdul Karim Abd Fadel (Abu Ali Al-Basri), Director General of Intelligence and Combating Terrorism at the Ministry of Interior (the Falcons Cell) from his post and assigning the Deputy Head of the National Security Service, Hamid Al-Shatri, with the tasks of managing the Falcons cell and linking the cell with the Commander-in-Chief of the Armed Forces.

He added, “The commander of Baghdad operations, Lieutenant General Qais al-Muhammadawi, was transferred to the Ministry of Defense, and Major General Ahmed Salim was assigned to command Baghdad operations.”

He also stated, “The dismissal of the Federal Police Commander, Lt. Gen. Jaafar Al-Battat, from his post, and the assignment of Lt. Gen. Raed Shaker Jawdat to lead the Federal Police.”

Rasoul pointed out to “the dismissal of the Director of the Intelligence and Security Department of Baghdad Operations, Major General Bassem Majeed from his post.”

These decisions came hours after two suicide bombings targeted a popular market in Tayaran Square in central Baghdad, leaving 32 victims and 110 injured, according to Ministry of Health figures.

Joint operations determine the party involved in the bombing of the aviation field

2,942 security 01/21/2021 19:01

Baghdad today – Baghdad

The spokesman for the Joint Operations Command, Major General Tahseen Al-Khafaji, said today, Thursday (January 21, 2021), that the security forces are continuing their search operations to remove those who cooperated with the suicide bombers who carried out the Tayaran Square attack, indicating that the style of the suicide attack indicates the involvement of the organization ISIS.

Major General Al-Khafaji said, in a televised interview that was followed by (Baghdad Today), “We pledge to the people that those involved in the suicide bombing Square attack and those who facilitated and planned its occurrence will receive their fair penalty.”

He added, “The aim of the two bombings is to inflict the largest possible number of human losses,” noting that “the security forces imposed cordons to prevent the second bombing, which caused great loss of life.”

And that “the style of the bombing today indicates that ISIS is involved.”

He stressed that “terrorism continues to threaten Iraq from neighboring countries,” noting that “in northeastern Syria there has been terrorist activity targeting a number of cities.”

And he added, “Iraqi forces, in cooperation with the international coalition, are building a dam reinforced with towers with advanced capabilities on the borders with Syria to prevent the infiltration of terrorists.”

“We are able to protect the security of citizens and prevent the recurrence of attacks, and we have failed many of these intentions,” he stressed. 

Today, Thursday (January 21, 2021), the Ministry of Health and Environment announced the final outcome of the two terrorist bombings that occurred in Tayaran Square in the center of the capital, Baghdad.

Al-Iraqiya News Channel quoted Health Minister Hassan Al-Tamimi as saying, “The death toll from the two terrorist bombings in central Baghdad has risen to 32 martyrs and 110 wounded.”

Al-Tamimi added, “Currently, only 36 wounded people remain in hospitals, receiving treatment, and no wounded have died in our health institutions.”

Earlier in the day, the Ministry of Interior revealed the details of the suicide attack that targeted Tayaran Square, in central Baghdad.

Major General Khaled Al-Muhanna, spokesman for the ministry, said in an interview with (Baghdad Today), that “the first suicide bomber blew himself up after claiming to be sick and people gathered around him,” indicating that “the second suicide bomber blew himself up after people gathered to transport the injured in the first bombing.” .

For its part, the Joint Operations Command confirmed that the first explosion occurred near the Granada cinema, after the terrorist shouted and called on citizens to help him as a patient.

“The first explosion occurred near Granada, after the terrorist played the role of the patient, followed by a second explosion after the security forces arrived at the site of the first explosion, which led to the fall of a number of martyrs and wounded,” said the leadership spokesman, Tahseen Al-Khafaji, in a televised statement.

The Executive Director of the Stock Exchange, Taha Abdel-Salam, told «Economy News»: We will launch online trading for investors during the current year

The Executive Director of the Stock Exchange, Taha Ahmed Abdel Salam. “Economy News”


Economy News – Baghdad

The Executive Director of the Stock Exchange, Taha Ahmed Abdel Salam, announced that during the current year we will launch internet trading for investors and this will happen for the first time on the stock exchange, indicating that we seek to increase the number of companies listed on the stock exchange and diversify financial instruments such as government bonds, for example. 

Abdel Salam said in an interview with “Al-Eqtisad News”, “The Stock Exchange is working on amending the Companies Law to guarantee the rights of small shareholders in the meeting of the public bodies of companies listed on the stock exchange.

Below is the full text of the interview conducted by “Al-Iktissad News” with the Executive Director of the Iraq Stock Exchange (Stock Exchange) Taha Ahmed Abdel-Salam:

* Has the economic crisis caused by the Corona virus affected the trading operations on the stock exchange?

There is no doubt that the year 2020 had many variables that affected economic activity and the business sector represented by joint-stock companies registered in the financial markets, including the Iraq Stock Exchange (the stock exchange). The great impact was in the period that the government called the “Cairo period,” which extended from February 5 to December 12, 2020.

Despite the crisis, some companies during the partial ban period provided disclosures for their annual data, and during the year 2020, 70 companies submitted financial statements for the year 2019.

The indicators of 2020 were less than 2019, but as a general outcome, they were positive indicators commensurate with the size of the challenges that the world has witnessed.

* What is the reason for the “isolation” of the Iraqi stock exchange from its counterparts in the Arab world?

Because the companies listed on the Iraqi Stock Exchange are local companies, and you cannot find foreign companies in some Arab stock exchanges. Nevertheless, 17% of the shares deposited in the Stock Exchange Depository Center are owned by foreign shareholders, and during 2020 their circulation amounted to 10% of the total turnover. It is a percentage from our point of view as market management is very acceptable, especially since we had a break of up to 60 sessions during the same year.

During the year 2020, many stock exchanges around the world also collapsed, but the Iraqi stock exchange was not affected because the country was going through a period of a comprehensive curfew, and the stock exchange was closed at that time.

* Has the number of foreign investors increased or decreased during the last period?

The increase in the number of foreign investors depends on the increase in listed companies as well as the innovation of new economic sectors. There is another issue, that any global economic variable forces foreign investors to turn their attention to emerging markets, but the stock exchange relies on its advanced systems to attract foreign investors.

* How many banks are listed on the stock exchange?

There are more than 50 banks listed on the stock exchange.

* What are the listing conditions imposed by the stock exchange on companies?

The listing conditions can be summarized by requiring companies to disclose their financial statements for two fiscal years. It should not have a financial deficit, and the company should not be bound by legal restrictions affecting the trading of its shares, and the number of its shareholders should not be less than 100.

* What is the reason for the domination of major investors in the decisions of listed companies?

We called more than once to amend the Companies Law to include provisions for voting in the meetings of the public bodies of companies, for the vote to be cumulative, as the latter gives the right to small shareholders to compete with major shareholders in making decisions.

* How many companies have distributed profits to shareholders?

During the past year, only 17 companies distributed profits to investors, which is a low number compared to previous years, as it ranged between 30-35 companies that distribute profits to their shareholders. The distribution of profits to shareholders contributes to attracting investors because they see this as a window of investment.

* There is a government plan to offer government bonds on the stock exchange. Is the latter ready for this procedure, especially since there was an unsuccessful experience in 2015?

The issuance and marketing is carried out by the Central Bank of Iraq, according to my information. We do not interfere with this shopping because the stock exchange has a relationship with the issue and we do not have legal authority over marketing. The process of marketing government bonds should target all segments of society. As for the 2015 exports, it was acquired by the banks because their interest rate was 8%, so it served as an investment vehicle for them.

As for the technical aspect, the Stock Exchange is fully prepared for such an offering, especially as it has an electronic system for trading and deposit.

* As a citizen, how can I invest in the stock market?

Trading in the shares of joint-stock companies begins with attending the stock exchange to view its papers, after which he can open an account in the depository center to obtain the investor’s number. From there, the one who wants to invest begins to follow up the companies’ activities and stock bulletins issued by the stock exchange, to be fully aware of the activities of the company whose shares he wishes to invest.

* Is there cooperation between you and Arab stock exchanges?

The Iraqi Stock Exchange is a member of the Federation of Arab Stock Exchanges and a member of the Federation of European Asian Stock Exchanges since 2005, and there is cooperation in terms of disseminating information and data on the official websites of these federations, and these matters would give positive indicators to Arab and foreign investors.

During the past year, we signed a cooperation agreement with the Egyptian Stock Exchange, and there are training programs in March 2021 to train our cadres electronically on applications in both markets.

* Has the effect of changing the exchange rate on market transactions?

There is no doubt that any economically affected variable affects all aspects of the economy and its institutions, especially those that deal with investments. Dealing within the market is done in Iraqi dinars on the shares of joint-stock companies. Any economic change must be reflected on the market in terms of sales and trading volume.

* Holding the “evening sessions” just an idea or will it be implemented?

At the present time we are in the process of studying the subject technically because it has to do with changing some of the regulations of some brokers as well as changing the financial and equity settlements of some companies in order to make sure of the safety of the operations carried out by investors and shareholders.

* What is the market plan for the next 5 years?

During this year, we will launch online trading for investors, and this will happen for the first time on the stock exchange. The biggest challenge during 2021 is to increase the number of companies listed on the stock exchange and diversify financial instruments, such as government bonds, for example. We also hope that joint stock companies will issue their own bonds.

And that the comparison of the Iraqi stock exchange with the Arab stock exchanges should not be done at the market level only. On the technological level, the stock exchange ranks first in the Arab world. As for the reason why Arab stock exchanges outperform the Iraqi stock market in terms of volume and value of transactions, it is due to the fact that Arab stock exchanges contain bonds, sukuk, and Islamic financial instruments.

Majida Al-Tamimi: The discount is imminent … The budget is presented within days

2021.01.21 – 18:32

Baghdad – People   

On Thursday, a member of the Finance Committee, Magda Al-Tamimi, announced the continuation of the committee’s meetings, with the hosting of several official bodies, regarding ending the financial budget file.  

A statement issued by Al-Tamimi office that “People” received a copy of (January 21, 2021) stated: “The meetings of the Finance Committee are continuing, with the hosting of several official bodies to find out the accurate data for each ministry and institution to explain some of the materials and the extent of their economic viability, in preparation for making decisions about the articles. And after reviewing the most prominent obstacles facing each side. ”  

Al-Tamimi pointed to “the diligent work of the sub-committees formed by the Finance Committee to provide detailed reports on the budgets of the three presidencies, ministries, institutions and all bodies, and from the principle of exchanging visions in preparation for resolving what is related to the 2021 budget, especially with regard to reducing expenditures and increasing revenues.”  

And she continued, “It is hoped that the budget will be presented to a vote within days.”

America describes Baghdad’s double explosion as cowardly action: Iraqis still face the dangers of terrorism




Baghdad blast

2021-01-21 06:30

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Shafaq News / The US embassy in Baghdad condemned, on Thursday, the twin suicide bombing that hit the capital, Baghdad, killing 28 people, and 88 wounded.

“The United States strongly condemns the suicide attack that took place in Tayaran Square in Baghdad today, which resulted in the loss of lives and injuries to dozens of innocent Iraqi civilians,” an embassy statement said.

“This attack is a cowardly and outrageous act that confirms the dangers of terrorism that millions of Iraqis still face. We offer our condolences to the families of the victims and we hope for a speedy recovery for the wounded,” he added.

A statement from UNAMI about the Aviation Square bombings

Political | 02:51 – 01/21/2021

BAGHDAD – Mawazine News

The United Nations Mission in Iraq (UNAMI) issued, on Thursday, a statement about the bombings of Tayaran Square, in central Baghdad.

“We strongly condemn the suicide attacks that targeted civilians in Baghdad today, which caused dozens of casualties,” the mission stated, in a statement received by Mawazine News.

She added, “Such a despicable act will not weaken Iraq’s march towards stability and prosperity. We offer our sincere condolences to the families of the victims who have fallen, and we wish a speedy recovery for the wounded.” Ended 29 /