{Politics: Al Furat News} The legal expert, Faisal Rikan, confirmed, on Wednesday, that the postponement of the Federal Court’s decision to consider the constitutionality of the first session of the House of Representatives was not surprising.
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Rikan told Al Furat News that: “The court’s decision to postpone was not surprising, as some portrayed it, but it was expected to listen to the statements of the plaintiffs and the opponent’s regulations.” He added, “The Federal Court has no authority over the constitution, so the constitutional timings for the session are held, according to Article 54 of the constitution, and they cannot be overridden by the court or any judicial authority.” Rikan indicated, “It will look at the outcomes of the session and it cannot be canceled because it was held under the law, but it will look at the constitutionality of electing the Speaker and his two deputies.” And, “the court announced that it has nothing to do with the constitutional timings, especially with regard to the election of the president of the republic, which set 30 days from the date of the session.” Rican’s seal Today, Wednesday, the Federal Supreme Court postponed its review of the first session of the House of Representatives and its constitution to the 25th of this month. Today, the court heard the pleadings and interventions of the plaintiff and the defendant’s attorneys.
Shafaq News/ A security source reported that on Wednesday evening, unknown persons threw a grenade at the office of the Vice President of the Iraqi Parliament in the city of Kirkuk.
The source told Shafaq News Agency, “Unidentified persons in a car threw a grenade at the office of the second deputy speaker of the Iraqi parliament, Shakhwan Abdullah, in the Rahimawa area of Kirkuk city.”
The source added that the Pomegranate explosion caused material damage to the office, without causing any casualties.
The headquarters of the Kurdistan Democratic Party in Baghdad was subjected to a similar attack last week, before similar attacks were launched on the offices of the Progress and Azm alliance in the Iraqi capital.
The attacks come amid political and security tensions in Iraq since the last parliamentary elections last October, and amid major differences between political forces over the formation of the next government.
Shafaq News/ The Central Bank of Iraq announced on Wednesday that it recorded a significant growth in its foreign currency reserves last year.
The bank’s media office said in a statement today, that its data “for 2021 showed an unprecedented growth in its foreign reserves compared to previous years.”
The statement pointed out that “this growth was achieved thanks to its various investments and its management in accordance with the monetary policy based on the best international practices away from risks.”
The bank did not mention in its statements any figures that determine the size of its foreign reserves.
{Politics: Al Furat News} The head of the National State Forces Alliance, Mr. Al-Hakim, called on Wednesday to form a balanced government within the constitutional timings.
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A statement by his office, which {Euphrates News} received a copy of, said: “This came during the reception of Mr. Al-Hakim, in his office in Baghdad today, Prime Minister Mustafa Al-Kazemi, and a review of the developments in the political situation and the security and service reality in the country.”
Mr. Al-Hakim called for “the formation of a balanced government within the constitutional timings and the importance of the next government carrying out its tasks in providing services and job opportunities and many challenges and priorities.” Al-Hakim and Al-Kazemi urged the concerned institutions to “assume their responsibility in terms of awareness and vaccinations, after discussing the developments in the health reality after the fourth wave that struck the country.” The head of the National State Forces Alliance also stressed, “to activate the intelligence effort more than before and to perpetuate proactive operations,” calling for “taking into account the interests of citizens when making decisions and positions.”
Flag of Iraq and Saudi Arabia January 19, 2022 02:25 PM
Riyadh – Mubasher: The Federation of Saudi Chambers of Commerce will organize, in the capital, Riyadh, next Monday, the Saudi-Iraqi Business Forum; To discuss aspects of joint cooperation in the commercial and investment fields, and mechanisms for their support and development.
The forum will witness the presentation of a number of presentations to introduce the investment opportunities available in the two countries, as well as the signing of a number of agreements between government and private agencies in the investment and commercial sectors, according to the Saudi Press Agency “SPA”.
The head of the Federation of Saudi Chambers of Commerce, Ajlan bin Abdulaziz Al-Ajlan, said that the Saudi-Iraqi Business Forum will be held in the presence of ministers and economic officials from the Kingdom and Iraq, with the wide participation of Saudi and Iraqi business owners.
Al-Ajlan added that the trade talks between the two sides during the forum will focus on the main economic sectors that constitute a priority in the cooperation agenda between the two countries in light of the Kingdom’s vision 2030, and the directions of the Iraqi economy during the next stage .
Al-Ajlan pointed to the vital role played by the Coordination Council and the Saudi-Iraqi Business Council in introducing investment opportunities and encouraging business partnerships between Saudi and Iraqi business owners .
He noted the steady improvement in economic relations between the two countries, which contributes to an increase in Saudi exports to Iraq, and an increase in the Kingdom’s imports from Iraq because it has good economic potentials in various economic fields, in addition to the flow of investments between the two sides, indicating that there are a number of Saudi companies working on The land of Iraq, and there is a real desire for a number of others to expand their investments there .
The head of the Federation of Saudi Chambers of Commerce expressed his hope to increase and raise the volume of trade exchange between the two countries, after opening the land port between the two countries in Arar, especially since the Kingdom has a tendency to establish and operate the logistics zone in this port to be a special economic zone, as well as after opening the attaché. Commercial Embassy of the Kingdom in Baghdad .
Al-Ajlan pointed out that there is a common desire on the part of the Saudi and Iraqi sides to strengthen economic cooperation relations, raise the ceiling of trade exchanges and create the appropriate environment for this, in addition to the great investment opportunities and economic capabilities of both countries, expressing his hope that the forum will come out with recommendations and positive results that support the future of economic relations between the two countries. the two countries .
Trading data on the stock exchanges indicates that the price of a barrel of Brent crude oil exceeded $89 for the first time in the past seven years.
The price of March futures for Brent crude rose 0.60 percent to $89.03 a barrel, and March futures for WTI crude rose 1.80 percent to $86.36.
As of May last year, “OPEC +” reduced production by 9.7 million barrels per day due to the decrease in oil demand caused by the Corona virus pandemic, and with the stabilization of the situation in the market, the terms of the agreement were modified.
Since August 2021, the parties to the agreement have increased production by 400,000 barrels per day each month, hoping to return to previous levels by the end of September 2022.
On Thursday, statistics on weekly oil inventories are expected in the US. In the week ending January 7, commercial inventories in this country fell to their lowest level since October 2018.
Baghdad – Mawazine News The Federal Supreme Court decided, on Wednesday, to postpone the decision on the appeal in the first parliament session until next Tuesday.
This came after the Federal Court codified the statements of the plaintiffs about the appeal in the first session of Parliament.
The Federal Court held, earlier today, Wednesday, a session to consider the appeal submitted on the first session of the House of Representatives. Ended 29/N33
{Political: Al Furat News} The Federal Supreme Court postponed its review of the first session of the House of Representatives and its constitution to the 25th of this month.
Today, the court heard the pleadings and interventions of the plaintiff and the defendant’s attorneys.
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