02/04/2021
Baghdad – Al-Mawred News
, Speaker of Parliament, Muhammad Al-Halbousi, announced, on Thursday, that the parliament will continue its work until the 2021 budget is approved.
Al-Halbousi said in a statement, that “the parliament’s work will continue until the draft federal budget bill for the fiscal year 2021.”
The House of Representatives extended its first legislative term from the third legislative year for a period of one month and ended at the end of last month.
02/04/2021
Baghdad – Al-Mawred News
The deputy of the Kurdistan Democratic Party, Ikhlas Al-Dulaimi, confirmed today, Thursday, that so far, there is no agreement between Baghdad and Erbil regarding Kurdistan’s share of the budget.
Al-Dulaimi said in a television interview, “We have not yet reached any agreement regarding the budget for the Kurdistan region for the year 2021, and negotiations are still continuing.”
She added, “The Kurdish delegation, during its previous visit to the Finance Committee, showed unprecedented flexibility to resolve disputes with Baghdad in a format satisfactory to all parties.”
Al-Dulaimi pointed out that “the director of financial control in the regional government provided all the data on the financial rights and revenues of the region, but to no avail, because of the insistence of some forces on handing over all of the oil and revenues to Kurdistan.”
Economy
breaking
Oil
Prices
Height
2021-02-04 06:51
A- A A +
Shafaq News / Oil prices continued their gains on Thursday after the OPEC + alliance of major producers adhered to the policy of reducing production, and with the decline in crude stocks in the United States to their lowest levels since March of last year.
Brent crude futures rose 3 cents, or 0.03 percent, to $ 58.72 a barrel by 05:35 GMT, after earlier hitting their highest levels since February 21, 2020, in the wake of the OPEC + decision.
U.S. West Texas Intermediate crude futures rose 34 cents, or 0.34%, to $ 56.03 a barrel after hitting their highest settlement level in a year on Wednesday.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC +, extended their current oil production policy at a meeting on Wednesday, in a sign that producers are happy that large supply cuts are draining stocks despite uncertain expectations of a recovery in demand as the coronavirus pandemic continues. .
The US Energy Information Administration said on Wednesday that US crude oil inventories also fell to support prices, by 994,000 barrels last week to 475.7 million barrels, the lowest level since March.
The market was also boosted by the news that Democrats in the US Congress have taken the first steps toward pushing President Joe Biden’s $ 1.9 trillion coronavirus aid plan.
Economy
breaking
The Central Bank of Iraq
Central bank sales
2021-02-04 06:49
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Shafaq News / The Iraqi Central Bank’s hard currency sales decreased on Thursday, with the conclusion of its sessions for the current week.
The correspondent of Shafaq News Agency stated that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a decrease in its sales by 38.37% to reach 53 million 603 thousand and 849 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to Wednesday, when it reached Its sales are 86 million 286 thousand dollars.
He added that all sales went to boost the funds abroad in the form of transfers and credits, while the sale was not done in cash.
Our correspondent indicated that 12 banks have met the requests to enhance the assets abroad.
Politics
Hope Alliance
Meeting
Al-Kazemi
2021-02-04 06:28
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Shafaq News / The Kurdistan Alliance “Al-Amal” announced on Thursday that it met with Prime Minister Mustafa Al-Kazemi in the capital, Baghdad, Wednesday evening.
A statement issued by the coalition today stated that the meeting discussed and discussed a number of sensitive and important issues related to Iraq in general and the Kurdistan Region in particular.
The statement added that the meeting also discussed the Kurdistan Region’s share in the federal budget for 2021, the financial dues for farmers and federal departments, the problem of dam employees in the region, political prisoners, martyrs, and other problems that are among the constitutional rights of the Kurdistan Region.
The statement quoted Al-Kazemi as his pledge to expedite addressing the problem of federal employees, dam employees and farmers ’financial dues, and to conduct a comprehensive review of all differences and problems.
The statement stressed “the necessity to stand against the prevailing popular discourse that trades in the name of nationalism and sect, and to give importance to holding free and fair elections far from fraud.”
Banks
Economy News _ Baghdad
The Association of Iraqi Private Banks, in cooperation with the Central Bank of Iraq, today, Thursday, held a workshop entitled (Qualifying Leaders for Digital Transformation in Iraq), in the Kirkuk University building.
The course included providing a detailed explanation on the Coursera global platform and the support provided by the Central Bank of Iraq to provide free scholarships to outstanding university students in order to develop their skills.
The workshop witnessed a detailed explanation of the Central Bank’s initiative to support small and medium enterprises through the One Trillion Initiative, as well as community initiatives supported by the Tamkeen Fund financed by private banks.
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