Al-Maliki stresses the importance of adopting a law that guarantees the fair distribution of natural wealth.

Today, 15:42



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Baghdad – IQ  

The head of the State of Law coalition, Nouri al-Maliki, confirmed, Monday (February 1, 2021), to the Vice President of the Kurdistan Regional Government, Qubad Talabani, that the talks between Baghdad and Erbil cannot be resolved without the approval of a national law that guarantees the equitable distribution of natural wealth to all components of the people, referring to the country No, it is preparing for early elections that enjoy integrity and transparency in order to form a strong government capable of meeting the demands of the Iraqis.

Al-Maliki’s office said in a statement received by the IQ NEWS website  , “The latter received, today, the Kurdistan Region delegation headed by the Deputy Prime Minister of the Kurdistan Regional Government, Qubad Talabani,” indicating that “the meeting discussed developments in the political and security situations in the country, as well as issues related to the federal budget and dialogue.” What is going on between the federal government and the regional government in its regard. ” 

Al-Maliki indicated, according to the statement, to “the importance of continuing the dialogue to reach an agreement that ends the debate on contentious issues under the constitution and the law,” reiterating his assertion that “discussions with the federal government cannot be resolved without the adoption of a national law that guarantees the equitable distribution of natural wealth. All components of the Iraqi people. ” 

Al-Maliki called for “the necessity of concerted efforts to reach radical solutions to the outstanding issues between the Kurdistan region and the federal government through legislation of the oil and gas law, especially as the country is preparing to hold early elections with integrity and transparency in order to form a strong government capable of meeting the demands of all Iraqis.” 

In turn, the head of the Kurdistan region’s delegation, Qubad Talabani, said during the meeting, that “there are many problems that require cooperation and agreement from everyone to solve them in the House of Representatives.”–.html

On Monday, the Central Bank of Iraq’s hard currency sales increased by 26 percent.

Editing date: 02/01/2021 13:06 • 63 read times


The Central Bank of Iraq’s hard currency sales, on Monday, increased significantly, by 26 percent.

The central bank reported, through its daily bulletin. That “the auction of buying and selling foreign currencies today, recorded an increase in sales by 26.47 percent, to reach 86 million and 100 thousand dollars.”

He emphasized that he “covered those sales at a base exchange rate of 1460 dinars per dollar.

The central bank indicated,” The sales went to boost the assets abroad in the form of transfers and credits, while the dollar was not purchased in cash, pointing out that 17 banks met Requests for strengthening assets abroad. ”

It is reported that the Central Bank’s sales of dollars in the daily currency auction yesterday, Sunday, witnessed a slight increase compared to last week, as sales reached 68 million 323 thousand dollars.

Deputy is likely to hold a session Tuesday evening to vote on the budget


Iraqi Parliament

2021 budget

2021-02-01 06:34

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Shafaq News / On Monday, a deputy from the Al-Hikma Parliamentary Bloc suggested that the Parliament would hold a session tomorrow evening, Tuesday, to vote on the General Budget Law, while he confirmed the presence of parliament members in Baghdad.

Deputy for wisdom, Ali Al-Badiri, told Shafaq News Agency, “Most of the parliament members from various political blocs are currently in the capital, Baghdad, awaiting a signal from the Parliament Presidency to hold the voting session on the General Budget Law for 2021.”

Al-Badiri added, “It is expected that the Parliament Presidency will set tomorrow evening, Tuesday, a date for the voting session on the General Budget Law,” noting that “the end of the first legislative term for the House of Representatives will be on Wednesday evening.”

Al-Badiri pointed out, “The absence of any political agreement is among the last to vote on the budget law.”سیاسة/نا-ب-يرجح-عقد-جلسة-مسا-الثلاثا-للتصويت-على-الموازنة

Oil prices rise to more than $ 55 per barrel

2021/02/01 10:47

The number of readings 43

Section : Iraq

Baghdad / Obelisk: Oil prices rose in global markets, Monday, February 1, 2021, as Brent crude futures rose by 0.7 percent to $ 55.40 a barrel, by 06:12 GMT.

US West Texas Intermediate crude rose 0.5 percent to $ 52.44 a barrel.

And a poll conducted by “Reuters” last Friday showed that oil prices are expected to remain near their current levels for most of this year before the recovery gains momentum by the end of 2021, with more vaccines succeeding in trials and fewer infections in some areas.


Britain wants to help Baghdad and Erbil to reach a fair and long-term agreement

02/01/2021 13:12

The number of readings 35

Section : Iraq

Baghdad / Obelisk: The President of the Kurdistan Regional Government, Masrour Barzani, on Monday, February 1, 2021, received the British Ambassador to Iraq Stephen Hickey.

In the meeting, which was attended by the British Consul General in Erbil, James Thornton, the two sides discussed the latest developments in the situation in Iraq and the region in general, and ways to strengthen relations between the Kurdistan region and Britain were discussed.

The British ambassador indicated that his country is ready to provide any possible assistance in order for the Kurdistan Regional Government and the federal government to reach a fair and long-term agreement under the constitution.

The Prime Minister stressed that the Kurdistan region has always fulfilled its constitutional obligations in order to reach an agreement with the federal government that guarantees the constitutional rights of the citizens of the Kurdistan Region.

During the meeting, the two sides also discussed mechanisms for the success of the upcoming elections in Iraq, and the importance of implementing the Sinjar Agreement, including the exit of militias and irregular armed forces from the region.

New talks between Baghdad and Erbil regarding the region’s share and oil exports

A previous visit of the Kurdistan Region delegation to Baghdad

money and business

Economy News – Baghdad

The delegation of the Kurdistan region, which arrived in the capital Baghdad late Sunday evening, discussed the developments of the financial agreement between Baghdad and Erbil.

The agreement between Baghdad and Erbil stipulates in the 2021 budget that the Kurdistan Regional Government will deliver 250 thousand barrels per day to Baghdad in exchange for its share of 13.9 trillion dinars with the settlement of dues from 2004 to 2020, in addition to 50% of the region’s non-oil revenues,  and Calculating the price of a barrel of oil of $ 45 in the 2021 budget, the Kurdistan region will contribute to supporting the budget of oil only 5.8 trillion dinars.

On the other hand, a member of the Sulaymaniyah Provincial Council for the Patriotic Union of Kurdistan, Rika Wat Zaki, said that “in the event that no agreement is reached between the region and Baghdad regarding the oil file, a paragraph can be installed in the budget law that legitimizes the possibility of the local government in Sulaymaniyah legally And constitutional with the federal government directly. ”

And he warned that “the local government in Sulaymaniyah will be able to hand over revenues to the federal government, and in turn Baghdad will distribute salaries among the governorate’s employees,” adding that “this is a legal provision for one year, and the two local governments in Erbil and Dohuk can do the same.”

During the meeting, the region’s delegation expressed its readiness to hand over its oil file in full to the federal government in return for the latter to pay the dues of foreign companies operating in the region. However, the federal government pledged its acceptance of the oil file by rewriting contracts with oil companies.

It is hoped that the current week will witness the passage of the budget bill for 2021 after resolving all points of contention between the political blocs related to the region’s share and the mechanisms for dealing with the file.

In turn, a member of the Finance Committee, Haitham al-Jubouri, revealed that the House of Representatives canceled the paragraph on paying the debts of the Kurdistan region from the budget law for 2021.

He added that “the federal government has given authority to the Federal Office of Supervision to audit the financial accounts of the region.”

Al-Jubouri stressed that the government works according to the principle that oil and gas are a wealth for all groups of the Iraqi people, noting that “the Kurdish citizen pays the price of his government’s mistakes and also the weakness of the federal government in holding accountable the negligent of the regional government.”

He pointed out, “The presence of a proposal from the members of the Finance Committee supports direct dealing with the provinces of the region to pay the salaries of the employees of the province, which receives its revenues to the federal government.”

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