The central bank takes action against a number of banks


The Central Bank of Iraq announced, on Wednesday, the suspension of all operations and activities of non-compliant banks.
A statement by the bank, which NRT Arabic received today (December 29, 2021), stated that “the Board of Directors of the Central Bank of Iraq hosted, during its session on 12/29/2021, the president of the Association of Iraqi Private Banks and his two deputies.”
The statement added, “The Governor of the Central Bank, Mustafa Ghaleb, presented the conditions of the banking sector in light of the reform plan adopted by the Central Bank in early 2021 to reform the sector and the directions of the Board of Directors to take corrective administrative measures for the purpose of compliance by some banks with controls and instructions before proceeding with legal procedures against them.”
He explained, “The meeting supported this approach to ensure that banks improve their financial conditions and avoid the effects resulting from their negative performance and its reflection on the reputation of the banking sector, despite granting them sufficient periods to improve their conditions and perform their obligations.”
He pointed out that “the Council decided to stop all banking operations and activities of these banks, while giving them a deadline of three months to improve their performance and secure the necessary liquidity to fulfill their obligations and increase their capital to the required limits.”
He pointed out that “the board of directors’ decision stated that banks that are not able to secure what is required of them must merge with other banks, and in the event that the above is not met, the license will be withdrawn and legal measures will be taken against it.”


Al-Kazemi announces the completion of the withdrawal of combat forces of the international coalition

politicsbreakingMustafa Al-KazemiUS withdrawal from Iraq 2021-12-29 09:07A-AA+

 Shafaq News/ The Iraqi Prime Minister announced, on Wednesday, the completion of the withdrawal of combat forces of the international coalition from Iraq.

Al-Kazemi said in a tweet seen by Shafak News Agency, “The combat missions of the international coalition have ended, and the exit of all its forces and combat equipment outside Iraq has been completed. The role of the coalition has become limited to advice and support according to the outcomes of the strategic dialogue.”

“We thank the countries and leadership of the international coalition, our neighbors and partners in the war against ISIS, and we affirm the readiness of our forces to defend our people,” he added.

Iraq and the United States agreed last July to withdraw all American combat forces from Iraq by the end of this year.

Armed Shiite factions threaten to launch “decisive battles” on the night of the 31st of next month if US forces do not withdraw from the country they entered in 2003.

After his meeting with the leaders of the framework, Al-Sadr tweeted five words

politicsbreakingthe chestcoordinating framework 2021-12-29 06:54A-AA+

Shafaq News/ The leader of the Sadrist movement, Muqtada al-Sadr, confirmed, on Wednesday, his quest to form a “national majority” government, after his bloc led the recent parliamentary elections.

This came in a tweet by Al-Sadr after his meeting with the leaders of the coordination framework in “Al-Hanana”, his residence in Najaf.

Al-Sadr was satisfied with a brief tweet to confirm his adherence to his position, saying, “A national majority government, neither Eastern nor Western.

Al-Sadr met with the delegation of the coordination framework headed by the leader of the “Al-Fateh” coalition, Hadi Al-Amiri, and included a group of prominent leaders in the framework that includes the majority of the prominent Shiite forces.

This meeting came two days after the Federal Supreme Court approved the election results and rejected the lawsuit brought by Al-Amiri to cancel the results. 

The Sadrist bloc topped the elections with 73 seats out of 329, followed by the Progress Alliance with 37 seats, the State of Law coalition with 33 seats, and the Kurdistan Democratic Party with 31 seats.

The Sadrist bloc seeks to form a majority government in alliance with the Sunni and Kurdish forces that won the elections, contrary to what was customary in previous sessions that witnessed the birth of consensual governments with the participation of all political forces.

But other Shiite forces within the coordination framework are working to find a foothold in the next government to preserve their gains despite losing many seats in the parliamentary elections that took place last October.

Al-Sadr’s meeting with the delegation of the coordination framework in Al-Hanana ended

political| 03:07 – 29/12/2021


Baghdad – Mawazine News
/ Mawazine News reported on Wednesday, the end of the meeting that took place between the leader of the Sadrist movement, Muqtada al-Sadr, with the delegation of the coordination framework in the city of Al-Hanana in Najaf governorate.
Our correspondent said that the meeting of the leader of the Sadrist movement, Muqtada al-Sadr, with the head of the Fatah Alliance Hadi al-Amiri and the head of the Popular Mobilization Authority, Faleh al-Fayyad, had ended, and the delegation left al-Sadr’s house in al-Hanana in Najaf governorate without holding a press conference.
The delegation of the coordination framework included Hadi Al-Amiri, Qais Al-Khazali, Faleh Al-Fayyad and a number of members of the coordination framework. Ended 29/{77