An American delegation heads to the Middle East amid fears of a return to the Iran nuclear deal

the world| 11:00 – 28/04/2021


BAGHDAD – Mawazine News 
, a senior American official said on Wednesday that a team of American envoys will travel to the Middle East soon to hold talks with key allies of the United States. 

This came amid mounting concerns in the region about US President Joe Biden’s bid to rejoin the Iran nuclear deal. 

“A high-ranking delegation will travel next week to discuss a number of important issues related to US national security and the ongoing efforts to ease tensions in the Middle East region,” the official said. 

An informed source said that the delegation will be headed by the National Security Council’s Middle East Policy Coordinator at the White House, Brett McGurk, and the US State Department advisor, Derek Schule. 

Although the route of the tour is still unclear, there are initial plans for the delegation to visit Saudi Arabia, the Emirates, Egypt and Jordan.

Many of the United States’ allies in the region are concerned that Biden is seeking to rejoin the Iran nuclear deal. 

Iran, Russia, Britain, China, France and Germany began a third round of meetings in Vienna this week with the aim of agreeing on the steps that would need to be taken in the event of reviving the agreement from which the administration of US President Donald Trump withdrew in 2018.


What is the area in which the central bank moves in the area of controlling the currency exchange?

Obelisk - event as it happened

2021/04/28 21:09

  • The number of readings 85
  • Section : File and analysis

Baghdad / Obelisk: The price of the US dollar on Wednesday, April 28, 2021 recorded a value of 1,461.5000 Iraqi dinars, while the Deputy Governor of the Central Bank of Iraq, Ihsan Al-Yasiri, on April 14, revealed a proposal submitted by the World Bank to amend the exchange rate of the dollar to 160 thousand dinars One Iraqi per $ 100, to raise the question about the future of the exchange rate that worries the Iraqi citizen, especially those with limited income, the role of the Central Bank of Iraq, and the area in which it moves.

Legal expert Tariq Harb says, Thursday, March 25, 2021, that the constitution includes that the Central Bank is not subject to Parliament’s oversight.

Harb said in a statement to “Al-Masalla”, that the Central Bank’s non-attachment to Parliament requires taking into account the exchange rate set by the bank and the budget law.

He added that the Integrity Commission is the only independent body that the constitution has granted privileges that exceed those of other independent bodies, which were mentioned in the constitution in the chapter on independent bodies, namely Articles 102 and 103 of the Constitution.

Harb indicated that the constitution did not make the link between the Central Bank and the House of Representatives, but it made the link between the Office of Financial Supervision and the Media and Communications Commission in the House of Representatives and the link between the offices of endowments and the Council of Ministers.

Harb said that the constitution did not make the Central Bank subject to the oversight of the House of Representatives, as it did with the Human Rights Commission and the Independent High Electoral Commission, which the constitution decided to be subject to oversight by the House of Representatives.

And he added: The independence of the Central Bank was confirmed by Law No. 76 of 2004 issued by Bremer during his term and which is still in effect. These constitutional and legal provisions have their place when discussing the dollar exchange rate that he set and issuing laws, especially the 2021 budget bill that is currently being discussed in the House of Representatives.

The debate continues to escalate over the implications of the exchange rate of the dollar against the dinar, due to the exchange of different political forces, the various accusations, between the search for special interests, or linking positions with regional powers, while the Iraqi citizen does not matter, that is, the extent to which the mechanisms and conditions that facilitate his daily life are provided, and the availability He has a livelihood.

Advisor to Al-Kazemi: 3 reasons that hindered the implementation of the Chinese agreement previously

Political| 06:14 – 28/04/2021


Baghdad – Mawazine News
, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, the possibility of raising the ceiling of exported oil under the agreement with China to 300 thousand barrels per day, while he revealed 3 reasons that hindered the implementation of the agreement in the past.
According to the official agency, Saleh said, “The agreement with China referred to the framework agreement of cooperation signed between the Iraqi Ministry of Finance and the Chinese Export Credit Guarantee Authority (Cynosure) in 2018, and completed it by signing its accounting and oil annexes on 9/23-2019.”
He added, “The agreement indicated that Iraq allocates a value equivalent to 100 thousand barrels of oil per day from its exports to the Republic of China, and at the prices of current oil contracts, to deposit the amounts of its revenues into an account for the benefit of the Republic of Iraq, and the incoming is allocated to finance projects contracted to implement with China related to infrastructure and important projects.” Generating income. “
He noted that “the annual value of one hundred thousand barrels, according to current prices, is estimated at about $ 2.2 billion, according to international oil prices,” stressing that “the important thing in the matter is to create an accumulation of important reserves allocated for the purposes of construction projects contracted to implement between the two countries.”
He explained, “China is the first importer of Iraqi oil, which amounts to about 850,000 barrels of crude oil per day, and it is mostly the main buyer for more than 40% to 45% of Iraq’s oil, and it competes with India in the purchase quotas for Iraqi oil in the markets of East and South Asia,” he said. The Chinese oil companies operating in Iraq are the main contractor in the development and development of oil fields in the middle and south of the country based on the licensing rounds and approved service contracts, and these Chinese companies receive part of their dues in the form of crude oil as well.
The advisor to the prime minister stated that “the framework agreement for cooperation between Iraq and China extends for twenty years, and has been in effect since October 18, 2019, but stalled in the year 2020 for 3 reasons, the first: China’s withdrawal from the global economy temporarily and the closure of its foreign activities.” Because of the Corona pandemic, being the first country in the world to be exposed to this epidemic, and the other reason is: the decline in oil prices and their deterioration in the year 2020, as well as a third reason is the failure to approve the budget that included construction projects at the expense of the Iraqi-Chinese agreement.
And he added, “Despite this, China is still the first strategic partner in the fields of oil, reconstruction and trade. The current account of the Iraqi balance of payments with China annually exceeds $ 30 billion (import and export).”
On the possibility of raising the ceiling of the agreement from 100 thousand barrels of oil per day to 300 thousand barrels, the advisor to the Prime Minister stressed that this is possible for two reasons. First: There are plans to develop Iraqi oil production and export development so that Iraq may be the first producer of oil in the Middle East region, and the second: that China Its growth is remarkably booming, and its refineries will depend on the northern Arabian Gulf oil, meaning Iraq, Iran and Saudi Arabia. ”
He pointed out, “China’s need for Iraqi oil will continue until the year 2060, and Iraq’s need for development and development will take an escalating path that requires more international cooperation and befitting the renaissance of Iraq and its promising and prosperous strategic future as a building, reconstruction and growth power.”

US comment on the participation of the Iraqi Minister of Defense in the Biden climate summit

2021.04.28 – 20:16
US comment on the participation of the Iraqi Minister of Defense in the Biden climate summit

Baghdad – People  

On Wednesday, the United States of America welcomed the participation of Iraqi Defense Minister Jumah Inad in the Leaders’ Summit on Climate.  

The US embassy in Baghdad stated, through a statement that “People” received a copy of it, (April 28, 2021), that “the United States welcomed the participation of the Iraqi Defense Minister, Lieutenant General Jumah Inad, in the leaders summit on climate held by President Biden.”  

“We look forward to working with our Iraqi partners, and others from around the world, to reduce global warming and avoid the worst effects of climate change,” the statement added.


With budget law implementation area of interest
Iraqi President Barham Salih meets with Kurdistan Region President Nechirvan Barzani and senior officials on Wednesday April 28, 2021 (Photo Credit: Barzani’s advisor Falah Mustafa /Twitter) 

2 minutes ago

SULAIMANI — Iraqi President Barham Salih arrived in Erbil on Wednesday (April 28) and was received on arrival by Kurdistan Region President Nechirvan Barzani.

Salih is expected to discuss recent developments and Erbil-Baghdad relations with Barzani and senior officials. At the top of the agenda is likely to be implementation of the 2021 Federal Budget Law.

The trip reciprocates a visit by Barzani to Baghdad nearly three weeks ago.

(NRT Digital Media)

President Saleh in Erbil to discuss a number of files with the region’s presidency (photos)

2021.04.28 – 17:01
President Saleh in Erbil to discuss a number of files with the region's presidency (photos)

Baghdad – People  

On Wednesday, the President of the Republic, Barham Salih, arrived in Erbil Governorate to discuss a number of files with the region’s presidency.  

The media office of the president of the republic stated that “people” received a copy of it (April 28, 2021), that “President Barham Salih arrived in Erbil to discuss the political situation in the country, and the importance of strengthening cooperation between the federal government and the Kurdistan Regional Government in order to resolve outstanding issues in accordance with the constitution.”  

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Representatives: Intermediary companies selling currency not registered in the banking monitoring database

Obelisk - event as it happened

2021/04/28 12:07

  • The number of readings 217
  • Section : Iraq

Baghdad / Al-Masala: Member of Parliament, Representative Jamal Al-Muhammadawi, addressed a parliamentary question to the Governor of the Central Bank of Iraq on Wednesday April 28, 2021, regarding monitoring banks, banking companies and brokerage offices for the sale and purchase of foreign currencies.

According to a document issued by his office, Al-Muhammadawi said: Through the audit of the Federal Office of Financial Supervision, the data on the capital of private banks, it was noticed that there were a number of banks that did not increase their capital to 250 billion dinars, in contrast to the general directorate of banking and credit monitoring in 2013, and we mention some of these banks as an example. For example, Dar Al Salam Bank 150 billion dinars, Babylon Bank 178.859 billion dinars, Tigris and Euphrates Bank 100 billion dinars, and Islamic Cooperation Bank 144.481 billion dinars.

And he went on to say that the follow-up of the Office of Financial Supervision showed that the Central Bank’s instructions related to the sale and purchase of currency did not include anything indicating the follow-up of the commercial lists provided by private banks in exchange for imported goods that were covered by the funds, thus the central bank loses the control component of remittances.

He pointed out that there are no deterrent measures by the General Directorate of Banking Supervision regarding banks that refrain from paying the issuance of letters of guarantee for a specified period of time.

And he resumed saying that some companies were noticed to engage in brokering activities in selling currency in Baghdad, but they were not installed in the database of the Banking Supervision Directorate.

He continued that companies mediating in the sale of currency benefited from the issuance of the Banking Control Directorate to stop requests to grant branches to banks, which led to companies and offices taking advantage of the legal loophole.

Al-Muhammadawi was surprised by the suspension of the activity of mediation companies located in the governorates of Anbar and Nineveh, and the suspension did not include the other hot provinces of Salah al-Din and Diyala in 2016.

Al-Muhammadawi revealed that the company “Al-Lub to mediate the sale of currency” borrowed from the Iraqi Trade Bank an amount of 350 million dinars, or 70% of its capital of 500 million dinars, in contradiction to the law, in addition to the loan granted to the company before registering it with the Companies Registration Department.

The General Secretariat of the Council of Ministers announces its readiness to start building 7,000 schools throughout Iraq

Elementary school. “Internet”Reconstruction and building

Economy News – Baghdad

The General Secretariat of the Council of Ministers announced, on Wednesday, that Iraq is ready to start the first phase of the national project for building schools, indicating that it is awaiting bids and offers for building these schools from Chinese companies.

A spokesman for the Municipality, Haider Majeed, said, “The national project for building schools includes constructing 7,000 schools throughout the governorates of Iraq,” indicating that “the first phase of it will witness the implementation of a thousand schools.”

He added, “The National Center for Engineering Consulting has developed the designs for these schools, of which three designs have been chosen to build schools according to modern and international specifications.” on her”.

Majeed stressed that “the General Secretariat has approached the Supreme Committee on the project, which in turn addressed the People’s Republic of China through the Ministry of Foreign Affairs and its embassy in Iraq to approach companies.” “.

The Chinese companies have expressed their desire and willingness to cooperate with Iraq through the Chinese ambassador in Baghdad during his meetings with the Secretary-General of the Council of Ministers Hamid Al-Ghazi, while there is a mutual and strong desire on the Iraqi side to communicate with Chinese companies on the subject of establishing the first phase of those schools after completing all the related matters. Of the project.

The President of the Republic visits Erbil

PoliticsErbilKurdistan RegionBarham SalihVisit 2021-04-28 05:52A-AA +

Shafaq News / Today, Wednesday, the President of the Iraqi Republic, Barham Ahmed Saleh, will visit Erbil, the capital of the Kurdistan Region.

According to information obtained by Shafaq News Agency, Salih will visit Erbil this evening and will meet during his visit, the President of the region, Nechirvan Barzani, and a number of senior officials to discuss the internal conditions in Kurdistan in particular and Iraq in general, in addition to discussing the ongoing preparations for the legislative elections in October of this year.

The information indicates that Saleh will discuss unifying the discourse of the Kurdish political forces in addition to discussing the attack that targeted Erbil International Airport recently, as well as the latest developments in the region.

Salih’s visit to Erbil comes at a time when Iranian Foreign Minister Muhammad Javad Zarif visited Erbil from the capital Baghdad and met with the Kurdish leader, Masoud Barzani, the President of the Kurdistan Region, Nechirvan Barzani, and Prime Minister Masrour Barzani.