NATO to Al-Kazemi: Iraq is a pivotal country in the region and the world

politicsNATOMustafa Al-Kazemi

 2022-06-08 11:39A-AA+

Shafaq News/ The new commander of the North Atlantic Treaty Organization (NATO) mission for advisory and training in Baghdad, General Giovanni Iannucci, confirmed on Wednesday that Iraq is a pivotal country in the region and the world.

This came during his visit to the Iraqi Prime Minister, Mustafa Al-Kazemi, in his office in the capital, Baghdad, according to a statement from the latter’s office received by Shafak News Agency.

The statement indicated that “the meeting discussed the work of the NATO mission in Iraq, and ways to develop it and overcome any difficulties it may face.”

Al-Kazemi stressed “the importance of strengthening cooperation with NATO in the field of training the Iraqi security forces, developing their efficiency at the institutional level, and raising the performance skills of members of the security forces.”

For his part, the NATO Head of Mission indicated the importance of the relationship with Iraq; Being a “pivotal country in the region and the world,” and that “its stability will reflect positively on regional and international stability,” praising “the role played by the Iraqi government in this context,” according to the statement.

Iannucci indicated his mission’s readiness to work according to the priorities of the Iraqi government in the field of training and building security capabilities.

The Iraqi parliament votes on the “Food Security” law and enters its legislative recess

politicsbreakingIraqi parliament

 2022-06-08 11:23A-AA+

Shafaq News/ The Iraqi parliament voted, on Wednesday evening, on the law on emergency support for food security in general, to enter its legislative recess.

A parliamentary source told Shafaq News Agency that the House of Representatives voted in its session, which was held this evening, in the presence of 273 deputies and the chairmanship of Parliament Speaker Muhammad al-Halbousi, on the law on emergency support for food security in general, indicating that the parliament adjourned its session after voting to further notice.

The parliamentary source explained that the parliament had held its last session in the first legislative term today, and after adjourning its session a while ago, it entered its legislative recess, indicating that the sessions will remain suspended for 30 days.

 The Media Department of the House of Representatives says, in a statement issued after the vote, received by Shafaq News Agency, that the law aims to achieve food security, reduce poverty, achieve financial stability in light of urgent global developments, continue to provide services to citizens and raise the standard of living for them after the budget law expires and create Job opportunities, maximizing Iraqis’ benefit from state resources, advancing development, and resuming work on stalled and lagging projects due to lack of funding and new projects of importance.

For his part, the First Deputy Speaker of Parliament, Hakim Al-Zamili, considered the vote on the “Food Security” law a victory for the rights of the poor, stressing, “We will follow up on the mechanism for disbursing the amounts allocated in it.”

In his statements after the vote, Al-Zamili also indicated that the House of Representatives is proceeding with issuing important legislation and holding the corrupt accountable.

The “Canon Sunrise” parliamentary bloc announced that its deputies (who numbered six) did not enter the voting session on the Food Security Law, attributing the reason to “commitment to the constitution and the decisions of the Federal Court and its clear and binding interpretations for all and pushing for real and realistic solutions and in order to preserve the legalization of the disbursement of public money in constitutional ways.” According to a statement issued by it.

The government of Prime Minister Mustafa Al-Kazemi submitted the bill, which is related to the current period, for not approving the financial budget so far, as the bill allocates more than 35 trillion Iraqi dinars (24.1 billion dollars), through which the government can conduct its business, but political parties object on passing it.

Iraqi Prime Minister: $26 billion increase in foreign reserves within two years

Iraqi Prime Minister: $26 billion increase in foreign reserves within two years

Iraqi Prime Minister, Mustafa Al-Kazemi, during a press conference at the Government Palace

 June 08, 2022 01:58 PM

Mubasher: The Prime Minister, Mustafa Al-Kazemi, said that before the advent of this government, the Iraqi economy was on the verge of collapse or its beginning, and there was no liquidity to pay salaries, noting that the first visit he made was to the Retirement Directorate to reassure retirees by paying their salaries, indicating that the reason for the That was the wrong policy in managing the economy, as Iraq relies only on oil, at a rate of 96%, and this is a wrong policy, a lazy policy, and when oil prices collapsed, major problems occurred.

Al-Kazemi added, during a press conference held in the government palace, that when the government took over its duties, the currency reserve in the central bank was close to 50 billion dollars, but today, exactly two years after the age of the government, the currency reserves in the central bank reach 76 billion dollars, and this is the fastest growth To reserve in the history of Iraq, and at the end of this year we pledge that if things go in this way that the reserve will be close to 90 billion dollars.

The Prime Minister continued, “We need approximately $7 billion a month to pay salaries, and relying on absolute oil is a wrong policy and there was no clear vision for all governments, so we launched a reform project represented by the White Paper. Everyone criticized the White Paper and accused it of failure, but it was what saved us from The situation is bad, and today the reports of the World Bank and the International Monetary Fund all show that Iraq is at the forefront of the fastest growing countries in the Middle East and also in the first ranks in the world.”

Al-Kazemi stressed that the white paper is a reform paper, and there has been no reform in the Iraqi economy for a long time, noting that the paper is bold, wishing the next government to maintain the methodology of this paper to preserve the economy.

The Prime Minister pointed out that the past governments did not provide job opportunities for citizens, and there was chaos in the appointments, and did not give space to the private sector, and there was a big problem that affected the Iraqi economic reality.

And he added, “This government has implemented some reforms and produced a new situation and growth of 9.5%, according to the reports of the International Monetary Fund. It is also noted that Iraq is the fastest country in the Arab world, and there are other projects that the government helped support.”

The Prime Minister noted that there are other development projects undertaken by the government within the white paper, as there is an important poor group of Iraqis and two groups of families of martyrs and the disabled who do not have a residential role, so it launched the (Dari) project, which includes distributing plots of land to citizens without intermediaries, but rather through an electronic system More than 3 million citizens applied for it, the number of those who fulfilled the conditions reached more than half a million citizens, and the number of those who would acquire land was about 300,000 in the coming weeks.

He said that the project has been converted from plots of land to low-cost residential houses, and the government will provide funds for this segment, and will be areas serviced by electricity, sewage, and schools, and built in a modern way.

Al-Kazemi indicated that there are various efforts made by the government in the field of roads and the construction of the Hawli line around the capital, Baghdad, which will address congestion in Baghdad, as well as follow up on external roads that have major problems, and a plan has been drawn up for the Baghdad-Hilla line and the completion of the maintenance process.

Al-Kazemi stated, “Some criticize that the prime minister interferes in the details. Yes, I enter into the details. If not, many issues would have been disrupted.”

On the agricultural file, the Prime Minister said that Iraq was previously an agricultural country, and agriculture contributed to an important sector of export, but unfortunately, Iraq today has become an importer of agricultural products, and the government has placed great interest in this sector, and the result of previous policies was Iraq’s lack of food security. .

The Prime Minister revealed that the government has developed an important plan under the title of the Green Paper; To follow up on agricultural reform and the agricultural file in Iraq. Iraq depends on oil for a large percentage of its revenues. In the future, we must rely on agriculture. Iraq has plenty of bounties, water, and agricultural areas that can be used.

Oil rises to $121 a barrel

  • Time: 06/08/2022 08:50:33
  • Reading: 403 times
Oil rises to $121 a barrel

  {Economic: Al Furat News} Oil prices rose today, Wednesday, before the release of data on US oil stocks, as the scarcity of supplies and the increase in demand for fuel supported crude futures contracts, at a time when the largest Chinese cities eased restrictions imposed to contain the Corona pandemic.

Brent crude futures for August rose 22 cents, or 2%, to $ 121.02 a barrel, after closing at their highest level since May 31 on Tuesday, according to “Reuters”.

US West Texas Intermediate crude contracts for July reached $119.65 a barrel, an increase of 24 cents, or 0.2%, after reaching the highest settlement since March 8 yesterday.

Analysts polled by “Reuters” expect another drop in US crude stocks in last week’s data, although gasoline and distillate stocks may be higher.

However, figures from the American Petroleum Institute showed that inventories of crude and oil products in the United States rose last week.

Global supplies of crude and petroleum products remain tight, boosting Asian refiners’ profit margins that rely on diesel to record levels, as Western sanctions hamper exports from major producers in Russia.

The chief executive of the global commodity trading firm Trafigura said oil prices could soon reach $150 a barrel and rise further this year, with demand likely collapsing by the end of the year.

Most of the world’s refineries are already operating at nearly full capacity to meet rising demand after recovering from the pandemic and to find a replacement for lost Russian supplies.

Al-Rafidain announces the interest rate for fixed deposits for six months

  • Time: 06/08/2022 14:29:53
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Al-Rafidain announces the interest rate for fixed deposits for six months

  {Economic: Al Furat News} Al-Rafidain Bank announced, on Wednesday, the interest rate of fixed deposits for six months.

The bank said in a statement received by {Euphrates News} that “the interest on fixed deposits for six months amounted to 4.5 percent in return for depositing money in the bank’s branches spread in Baghdad and the provinces.”