Shafaq News/ The leader of the Sadrist movement, Muqtada al-Sadr, “has informed his supporters that the day of his martyrdom or death is near.”
This came in a speech addressed to his supporters, according to a video clip published by the account of the “Wazir al-Qa’id” who is close to the leader of the Sadrist movement on Facebook.
Al-Sadr addressed his supporters by saying, “There is one thing that activates the Sadr movement, and that is my death or my being killed.”
He added, that his blood will be enough to revive “what has perished.”
Al-Sadr gave good tidings to his supporters by saying, “I give you good tidings of the imminence of my martyrdom or my death,” without making clear whether he was facing threats from specific parties.
Baghdad – Mawazine News The General Company for Iraqi Fairs announced, on Sunday, the completion of all early preparations for the launch of the activities of the twelfth agricultural week in its special session. The company’s general manager, Sarmad Taha, said in a statement received by Mawazine News, a copy of it, that “the exhibition will be under the auspices of the Prime Minister and the supervision of the Minister of Agriculture, and organized by Majd Al-Aamal Company to hold international exhibitions and conferences, which will be held on the land of the Baghdad International Fair on the tenth of July and will continue until the fourth ten of it.” He added, “The exhibition will witness local, Arab and international participation, with 135 companies and departments,” noting that “the exhibition is the largest participating exhibition in the history of the Ministry of Agriculture, and there will be an integrated curriculum from the opening of the exhibition to the closing day, and the achievements of the participating departments and companies of the Ministry of Agriculture and modern technologies will be presented.” For its work, as well as highlighting the role of the local product through direct selling of table eggs, chicken, meat, honey, dates, dairy, and others, at very reasonable prices.” Ended 29/A87
Shafaq News/ Hussein Allawi, advisor to Prime Minister Mustafa Al-Kazemi announced on Sunday that the Iraqi government has a new plan to attract investment to the electricity sector.
In a statement to CNBC Arabia, Allawi said that the government has a new strategic plan to attract foreign investments in the electricity sector and to construct stations of 5,000 megawatts.
He indicated that the highest electricity production reached 20,000 megawatts, but the sustainability of production is a challenge for the government due to the climate and gas supplies from Iran.
With regard to the exit of foreign oil companies from Iraq, Allawi stressed that it is too early for these companies to withdraw due to the importance of the Iraqi economy to them, noting that the challenges surrounding the oil sector will be addressed by the government if the oil and gas law is approved, which will enhance foreign investments.
Allawi added that it is not possible to specify a time frame for the end of the electricity crisis, but work is underway to solve it quickly.
For several weeks, Iraq has witnessed a significant decrease in the supply of electric power, which in some Iraqi cities has reached four hours of supply within 24 hours.
Shafaq News / The Iraqi Minister of Planning, Khaled Batal Al-Najm, agreed on Sunday with the Egyptian Minister of Industry and Trade, Nevin Jameh, to activate the decisions of the tripartite summit that was held in the capital, Baghdad.
This came during a reception by the Minister of Planning of the Egyptian Minister of Industry and Trade, Nevin Jameh, and her accompanying delegation, which included a number of government officials and Egyptian businessmen in Baghdad, and in the presence of the Minister of Industry and Minerals Manhal Aziz al-Khabbaz.
The media office of the Minister of Planning said in a statement received by Shafak News Agency, that “the meeting discussed the prospects for joint cooperation between the two friendly countries, in the industrial, commercial and investment fields and ways to develop them, in light of the decisions of the tripartite presidential summit between Iraq, Egypt and Jordan that Baghdad witnessed next week.”
The statement added, “The two sides agreed to develop a joint action plan with specific timings, to translate the paths of cooperation and decisions taken by the leaders of the two countries, into tangible practical reality, especially with regard to developing industry, increasing the volume of trade exchange, and strengthening the relationship between the Iraqi and Egyptian private sectors, from During the activation of the work of the Joint Action Council, which includes businessmen and investors from both countries.
He explained that “the two parties discussed working mechanisms to establish joint industrial and economic zones and to allow the private sector to undertake the tasks of implementing investment and industrial projects, and to work on setting up permanent trade fairs for industries and various products, and to encourage craft industries.”
The statement indicated that “the two sides agreed to continue discussions and joint dialogues, to reach advanced formulas for joint cooperation,” explaining that “the meeting was attended by the Egyptian ambassador to Iraq, Walid Muhammad Ismail.”
Today, Sunday, the Governor of the Saudi Central Bank, Fahd Al-Mubarak, confirmed that the recent decline in foreign exchange reserves is due to reasons, including the time gap between import payments and export income.
The central bank’s net foreign assets, a measure of the kingdom’s ability to peg its currency to the dollar, fell eight billion dollars from a month ago to 436 billion dollars in April, recording the lowest level in more than ten years, and then returned to decline in May, according to the latest central bank data, to about $433 billion.
Al-Mubarak told Reuters: “The decline in reserves over the past two months is mainly due to financing the recovery in demand for imports that were affected by the pandemic, while the progress or delay of oil income from taxes and distributions leads to some fluctuation in the level of central bank reserves.”
The decline seemed surprising in light of the recovery in oil prices, and some analysts say that it may be linked to transfers to the sovereign wealth fund, the Public Investment Fund, which last year received $ 40 billion in reserves to finance investments.
The governor said in a statement to “Reuters”: “The recovery of import activities, which recorded a low level in May 2020, preceded a recovery in the value of exports. These changes are expected in light of the exceptional economic repercussions over the past 18 months, with the return of economic conditions to approach more than normal.”
The central bank usually does not disclose the reasons for the change in the level of net foreign assets.
He pointed out that at the $433 billion level, reserves are much more than Riyadh needs to protect the currency peg, but the bouts of low oil prices in the past few years have hurt the Saudi riyal in futures markets with investors betting that the kingdom may eventually have to devalue its currency. .“National
Baghdad – Mawazine News , Prime Minister Mustafa Al-Kazemi said, on Sunday, that we have asked the Iranians and Americans to refrain from settling their accounts in Iraq. Al-Kazemi said, in a press interview, with the Italian newspaper “La Repubblica”: “We have avoided the abyss toward which Iraq was deteriorating, as a result of the events of the fall of 2019, but the challenges we face remain strong.” He added, “ISIS still poses a threat and is trying to gather its ranks, but the terrorists are no longer able to obtain geographical incubators, and we have dealt them important strikes and killed many of their leaders.” He continued: “Our intelligence cooperation with our allies has become more effective, and we have asked Italy to remain in the front line in training our forces.” He stressed, “Iraq is ready to strengthen military cooperation with Italy, in the field of training and development of work in the fight against corruption, money laundering, organized crime and mafias.” He continued, “We asked the Americans and Iranians to refrain from settling their scores in Iraq. For years, we have been an arena for confrontation and conflict. We must choose the path of political dialogue to resolve differences, and everyone will benefit from the fruits of the truce.” He explained, “We are communicating with the administration of President Biden, and I believe that we will be able to move towards a phase of regional dialogue.” He pointed out his desire for “Iraq to be one of the countries that successfully manage crises, and not one of those countries that cause or are affected by them.” And he indicated, “The agreement between Iran and the United States is very important, and it is decisive for the region, and I believe that it is achievable. Success in the Vienna negotiations will positively affect the region and serve the stability of Iraq.” Ended 29/A43
Baghdad – Mawazine News The General Company for Ports of Iraq announced, on Sunday, that the funds for the implementation of the Grand Faw port project, or what is known as bank credit, will be released within 3 days, to start implementing works inside the port at a faster pace. The director of the company, Farhan Al-Fartousi, said, in an interview with local agencies, that “Daewoo company started its work ten days after signing the contracts, but after the funds are released, the work will start at a faster and more serious pace, so that what is implemented is clearly visible, especially since the executing company has concluded many contracts. With various local and international companies to provide them with the equipment and machinery they need to work. Al-Fartousi added, “The Ministry of Transport has received the funds allocated for the project and is only in the process of completing banking procedures.” He stressed that “the Prime Minister and the Ministry of Transport are following up very seriously the stages of implementation of the work in the great port of Faw, with all its steps, to ensure its completion within the specified time period because of its great economic importance. Ended 29/p4
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