Explosions were heard at Al-Tanf base near the Syrian-Iraqi border

  •  Time: 10/20/2021 23:34:06 
  •  Reading: 936 times 
Explosions were heard at Al-Tanf base near the Syrian-Iraqi border

{International: Al Furat News} The Syrian Observatory reported that “explosions were heard at Al-Tanf base near the Syrian-Iraqi-Jordanian border triangle,” explaining that “Al-Tanf base belongs to the international coalition, where British forces are stationed.” 

The observatory stated that it monitored a security alert for the Maghawir Al-Thawra Army, in an area of ​​55 square kilometers near the Al-Tanf base of the international coalition, in which British forces are stationed, at the triangle of the Iraqi-Jordanian-Syrian border.

In the context, eyewitnesses from Al-Tanf area reported that “four unidentified warplanes launched raids on the 55 km area in the Al-Tanf area, where American forces are stationed.”

According to the observatory’s sources, they confirmed that “the international coalition forces and Army Commandos deployed in the vicinity of Al-Tanf base, coinciding with the arrival of information about the targeting of Al-Tanf headquarters with drones, while the armed faction emptied the headquarters of its vehicles to transfer it to other points that were equipped with mobile medical points.”

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Iraq chairs an important meeting to remove its name from the European list of high-risk countries

Fouad Hussein, Minister of Foreign Affairs of Iraq

Fouad Hussein, Minister of Foreign Affairs of Iraq a u aThursday, October 21, 2021 1:02 AMnull

The Iraqi Ministry of Foreign Affairs announced the participation of the delegation of the Republic of Iraq to the European Union in the technical meeting of the expert group concerned with removing the name of Iraq from the European list of high-risk countries in the field of combating money laundering and terrorist financing .

And the Iraqi Foreign Ministry stated – in a statement reported by the Iraqi “Alsumaria News” channel – that “Ambassador Abdul Karim Tohma Kaab, head of the European Department, next to him, the head of the mission of the Republic of Iraq to the European Union, Ambassador Sadiq Al-Rikabi, and Deputy Head of Mission, Minister Plenipotentiary Fadel Al-Rahim, chaired a technical meeting that was held In the Belgian capital, Brussels, the Iraqi team concerned with removing the name of Iraq from the European list of high-risk countries in the field of combating money laundering and terrorist financing and the European team concerned with this file in the European Commission and the Department of External Action .

The technical team presented – according to the statement – “a review of the achievements of the Iraqi system for combating money laundering and terrorist financing, the latest developments in anti-money laundering and terrorist financing laws, the types of regulatory authorities and their work as the Anti-Money Laundering and Terrorist Financing Council, the Committee for Freezing Terrorist Funds, institutions concerned with combating organized crimes, and the judiciary.” And the most important achievements of Iraq under the first national strategy to combat money laundering and terrorist financing for the period (2017-2020).

Then, “the observations and inquiries of the European side were discussed regarding the information provided by the Iraqi side regarding criminalization laws, the number of convictions, the type of penalties for perpetrators of money laundering and terrorist financing, banks’ procedures for due diligence for customers and international cooperation in the field of combating money laundering and terrorist financing .”

At the conclusion of the meeting, Ambassador Abdul Karim Tohme Kaab affirmed Iraq’s aspiration to remove its name from the European list of countries with risk in the field of combating money laundering and terrorist financing, especially since Iraq has met all (FATF) standards and provided the European side with all the documents it reque

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Oil Minister: Fixing the price of oil in next year’s budget at $60

Economie| 01:39 – 10-2021

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Baghdad – Mawazine News
, Oil Minister Ihsan Abdul-Jabbar set, on Wednesday, the price of a barrel in the 2022 budget, while he expected crude to reach $100.
The Minister of Oil said during a workshop held today at Al-Rasheed Hotel, according to the official agency, that “the central government will fix the price of a barrel of oil in the 2022 budget between 55 to 60 dollars,” noting that “this will help to make changes and a significant improvement in the performance of the national economy and overcome the fiscal deficit in Public budget”.
Abdul-Jabbar expected, “The price of a barrel of crude oil will reach $100, in the first quarter of next year, affected by the decline in the US and global strategic stocks and the recovery of the global economy from the repercussions of Covid 19.”
And he announced, “Schlumbinger is about to start a project to drill 96 oil wells in the West Qurna 1 field, which is the largest of its kind in the country’s history,” noting that “the project will add 80,000 barrels per day after its completion to the total production of the Basra Oil Company, which is affiliated with the National Oil Company.” “.
And he added, “Schlumbinger, which is implemented for ExxonMobil, the main operator of the West Qurna 1 field, by using modern technology in drilling operations in West Qurna 1, helps all parties in the Ministry of Oil and licensing companies to reduce the costs of production per barrel and improve productivity.”
The Minister of Oil expressed his optimism about “a great development in the oil industry, especially since it has entered a new positive phase that competes with companies producing alternative solar energy and green and blue nitrogen fuels,” noting that “giant companies have spent billions of dollars on establishing infrastructures to manufacture modern equipment and devices.” Batteries and other materials used in the alternative energy industry.
For his part, Vice President of Schlumberger Saad Al-Damen said, “Preparations are underway to launch drilling operations in the largest extractive project, which will be implemented in accordance with the latest technology that will work in the project and the preparation and installation of the information system and software rules for its management in the Basra Oil Company.” Ended 29/A43

https://www.mawazin.net/Details.aspx?jimare=171859

After the rise in oil, an expert reveals the possibility of reducing the dollar exchange rate with this mechanism

political| 02:53 – 10/20/2021

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Special – Mawazine News
, the economic expert, Nabil Al Marsoumi, revealed, on Wednesday, the possibility of restoring the dollar exchange rate to its previous era, by a certain mechanism.
Al-Marsoumi told Mawazine News that “the current budgets in Iraq have inflated, and the 2021 budget differs from its predecessors,” noting that “the actual spending of the country exceeds 110 trillion dinars. Therefore, in light of current prices, if the exchange rate is restored, debts of up to 120 trillion dinars will accumulate. “.
He added, “It is possible for the state to gradually improve the Iraqi dinar exchange rate because the shock method adopted in changing the exchange rate was not appropriate.”
Al-Marsoumi stressed, “The rise was at a high rate and at an inappropriate time, at a time when poverty indicators were rising due to the Corona virus, and there was an uproar and shock in the markets.” Ended 29/A43

https://www.mawazin.net/Details.aspx?jimare=171865

Iraqi banks get a rating from international agencies

  •  Time: 10/20/2021 11:24:17 
  •  Reading: 988 times 
19 Iraqi banks get a rating from international agencies

{Economist: Al-Furat News} 19 Iraqi banks received a rating from international agencies 

And the Central Bank’s media stated in a statement that {Al-Furat News} received a copy of it, “Within the framework of the efforts made by the Central Bank of Iraq to develop the Iraqi banking sector and keep it in line with international standards, 19 licensed banks in Iraq obtained a classification from accredited international rating agencies: (Capital). Intelligence – Fitch – Moody’s – Standard & Poors). 

The statement added, “These banks will receive several banking facilities, which reflect the development of the performance of the banking sector in Iraq and the solvency of banks, and is evidence of their compliance with local and international standards.”

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