An American official confirms Washington’s support for the Kurdistan Region

KurdistanAmericaKurdistan Region

 2022-07-03 22:25A-AA+

Shafaq News/ Barbara Leaf, US Assistant Secretary of State for Middle East Affairs, confirmed her country’s support for Kurdistan Region, in a phone conversation with the President of the Region, Nechirvan Barzani.

The US State Department for Middle East Affairs wrote on its Twitter account that Lev emphasized “the United States’ support for a strong Kurdistan Region as part of a united, prosperous, and democratic Iraq.”

In the phone call, the President of the Kurdistan Region and Barbara Leaf discussed the latest political developments in Iraq.

Barbara also told the President of the Kurdistan Region that she hopes to visit Erbil soon.


17 countries will default on debts, “Russia and Arab countries”

  • Time: 07/03/2022 19:34:23
  • Reading: 780 times
17 countries will default on debts, "Russia and Arab countries"

  {International: Al Furat News} It seems that the list of countries that are close to defaulting on their debts is rising in light of rising global inflation pressures, coinciding with the repercussions of the war between Russia and Ukraine, and the number of those countries may reach 17 countries.

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According to a report issued by the Fitch Ratings Agency, the international rating agency warned that the list of defaulters or defaulters may expand to 17 countries out of a total of 100 countries that Fitch would like to cover their economic conditions.
That list included Arab countries in addition to Russia, which has already stumbled according to international rating agencies and fell into the so-called technical stumble in light of Western sanctions and the freezing of nearly 330 billion dollars of the assets of the Russian Central, coinciding with preventing Russian banks from dealing in foreign currencies.
Russia and Arab countries
According to the Fitch report, the number of countries in the list of countries that are in default or whose bond yields in the financial markets indicate that this has happened is 17, which is a record level.
These countries are Pakistan, Sri Lanka, Zambia, Lebanon, Tunisia, Ghana, Ethiopia, Ukraine, Tajikistan, El Salvador, Suriname, Ecuador, Belize, Argentina, Russia, Belarus and Venezuela.
According to the credit rating agency, most of the governments covered by Fitch have either brought in subsidies or implemented tax cuts in an effort to mitigate the impact of rising inflation. But this had its cost.
High interest pressures
Fitch Ratings has lowered its outlook for sovereign debt, due to concerns about rising global borrowing costs and the possibility of a new wave of defaults.
The international rating agency, which monitors more than 100 countries, said the war in Ukraine was fueling problems such as high inflation, trade turmoil and weak economies, which are now hurting sovereign credit conditions.
The head of the sovereign ratings unit at Fitch Agency, James McCormack, said that higher interest rates in light of the adoption of central banks to tighten monetary policy to counter inflation increases the costs of government debt service.
Rating Downgrade
Regarding the future outlook of Fitch Ratings Agency, the institution has reduced its outlook for the sovereign debt sector from positive or improving to neutral.
The agency said in its report once again that the number of countries experiencing downgrades in their credit ratings increases this year with the increase in inflationary pressures, the increase in the number of government debts and the widening of the public budget deficits of countries.
While the moderate financial deterioration can be absorbed by the positive effects of inflation on government debt mechanisms, such effects depend on maintaining low interest rates, and this is no longer certain,” said the head of the sovereign ratings unit at Fitch.
James McCormack added that while commodity exporters will benefit from higher prices, those who have to import the bulk of energy or food will suffer.
A few days ago, Russia fell into the trap of defaulting on debt for the first time in more than a quarter of a century, which Russian officials described as an artificial and unreal default, in light of the Russian authorities’ announcement of their intention to pay debt dues in dollars.
The credit rating agency, Fitch, downgraded Russia’s sovereign debt rating from “B” to “C”, in a decision that indicated that Moscow had defaulted on its debts.
This followed the example of major rating agencies Standard & Poor’s and Moody’s, where the long-term Russian sovereign debt was reduced to junk.

Baghdad and Washington are discussing “inactive” clauses within the framework agreement

politicsUS AmbassadorIraqi planningframework agreement

 2022-07-03 17:48A-AA+

Shafaq News/ The Iraqi Ministry of Planning discussed today, Monday, with the American ambassador in Baghdad, “inactive” clauses within the framework agreement.

The ministry said in a statement received by Shafaq News Agency, that its Minister, Khaled Battal Al-Najm, met today, the US Ambassador to Iraq, Elena Romanowski, and her accompanying delegation.

The statement quoted the minister as confirming during the meeting the depth of the bilateral relations between the two countries and the joint endeavor to develop these relations at all levels, to achieve the interests of the peoples of the two countries. ages and stability.

According to the statement, during the meeting, which was attended by the Director General of International Cooperation in the Ministry of Planning, Saher Abdel-Kazim, they discussed aspects of joint cooperation, by activating the items that have not been activated so far within the framework agreement signed between the two countries.

For her part, Romanowsky welcomed the development of the level of cooperation between Washington and Baghdad, expressing her country’s readiness to provide more support to Iraq in various fields, according to the statement.

Confirmation of Shafak News.. Al-Maliki: Negotiations to form the government have moved to “framework” committees, and we are looking forward to after Eid

politicsbreakingIraqi governmentAl-Maliki

 2022-07-03 15:07A-AA+

Shafaq News/ On Sunday evening, Nuri al-Maliki chaired a meeting of the State of Law coalition bloc.

The meeting discussed developments in the political situation in the country, and the importance of expediting the formation of a new government “strong and capable of providing services and meeting the requirements of the Iraqi people” was emphasized, according to a statement by al-Maliki’s office.

Al-Maliki stressed the continuation of discussions between the forces of the coordination framework and its allies on the one hand and the rest of the national forces on the other hand, in order to expedite the formation of the government and complete the rest of the constitutional entitlements related to the posts of the Presidency of the Republic and the Council of Ministers.

He pointed out that the coordination framework formed committees to conduct negotiations with the active forces in the political process, expressing his hope that these committees would reach results that would lead to showing the features of the new government after the Eid al-Adha holiday ends.

A source familiar with the political movement of the coordination framework forces had previously revealed the designation of three concerned committees to complete the procedures for forming the government to speed up its announcement.

The source told Shafaq News Agency, “The periodic meetings of the coordinating framework forces resulted in the nomination of three important committees, including the government program writing committee, which includes ten members of the second-grade leaders who specialize in the political, economic and legal fields.”

He added that the second negotiating committee includes some of the leaders who represented the framework in its negotiations with the parties and the active forces in the political process, in addition to the committee for managing the file or the political decision, which includes the leaders of the political forces affiliated with the framework.

Since the Sadrist bloc’s representatives submitted their resignations from the Iraqi Council of Representatives and the withdrawal of the Sadrist movement’s leader Muqtada al-Sadr from the political process, the coordinating framework has addressed the task of forming the new government and entered into internal negotiations and dialogues with other political forces, but until now it has not been officially announced that understandings have been reached between the two parties. The blocs lead to the formation of the government.

The Democrat plans to storm the Peace Palace after the Eid, and there are expectations for a “heated” competition

1,124 Policy  2022/07/03 20:04 
Baghdad today – Erbil 

The Kurdistan Democratic Party renewed, today, Sunday, its adherence to its candidate, Reber Ahmed, for the post of President of the Republic, indicating that after the Eid holiday, the selection of the candidate and voting on it will be decided in Parliament.
The leader of the Democratic Party, Majid Shankali, said in an interview with (Baghdad Today), that “the Iraqi parliament will elect the new president of the republic, with the start of the parliament’s sessions after the end of the legislative holiday, that is, after the end of the Eid al-Adha holiday.”




SULAIMANI — The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf said on Sunday (July 3) there has been no attempt to decrease the US dollar to Iraqi dinar exchange rate and that the bank’s reserves have increased by a great deal.

Khalaf told NRT they expect by the end of 2022 for reserves in the Central Bank to reach $90 billion dollars.

He also stated any rumors of a change in the exchange rate will make the markets in Iraq unstable and create chaos.

If there is any change to be made it will be through the Central Bank based on the economic and political situation in the country, Khalaf said. 

He also said Iraq’s reserves have increased dramatically this year, and now the country’s gold reserves have increased by 35 percent compared to last year, with Iraq owning 130,39 tons of gold reserves.

(NRT Digital Media)


After meeting Bafel Talabani and Qaani… A leader in the Union reveals a “surprise” after Eid

politicsbreakingThe National UnionBafel TalabaniIsmael Qaani

 2022-07-03 09:31A-AA+

Shafaq News/ A member of the Iraqi parliament revealed to the Patriotic Union of Kurdistan bloc, on Sunday, what he described as a surprise, after a meeting between the head of the “Union” Bafel Talabani and the commander of the Quds Force in the Iranian Revolutionary Guard, Ismail Qaani.

Fereydoun, a leader in the union and a former governor of Sulaymaniyah, said in his blog that “Al-Tawila”, the center of political decision-making, is a beautiful village located north-east of Halabja, and Paul Bremer mentions it in his book, where several meetings were held between the late President Mam Jalal and General Qassem Soleimani.

“Dozens of years pass for their successors to meet in the same place, and important decisions are taken, the surprise after the holiday,” he said.

This comes after reports revealed that Bafel Jalal Talabani, head of the Patriotic Union of Kurdistan, met with Ismail Qaani, commander of the Iranian Quds Force, in the village of “Twilla”, without giving further details.

The Minister of Oil directs the disbursement of 100,000 dinars for Eid to all workers in the oil sector

  • Time: 07/03/2022 11:22:02
  • Reading: 754 times
The Minister of Oil directs the disbursement of 100,000 dinars for Eid to all workers in the oil sector

  {Local: Al Furat News} Today, Sunday, the Minister of Oil, President of the Iraqi National Oil Company, Ihsan Abdul-Jabbar Ismail, issued an order to disburse a financial reward (100 thousand dinars) to all members of the oil sector, owners, contracts and daily wages.

A ministry statement said, “The minister’s directive coincided with the approaching Eid al-Adha, and the ministry achieved record oil revenues.”

The President of the Kurdistan Regional Government and the international coalition discuss efforts to combat terrorism

KurdistanMasrour BarzaniInternational Alliance

 2022-07-03 06:33A-AA+

Shafaq News/ The President of Kurdistan Regional Government, Masrour Barzani, and the international coalition in Iraq and Syria discussed, on Sunday, the security developments in efforts to combat ISIS, as well as strengthening cooperation between the Peshmerga forces and the Iraqi army.

A statement from the media office of the President of the Kurdistan Regional Government, received by Shafak News Agency, stated that the latter received the Deputy Commander-in-Chief of the International Coalition Forces in Iraq and Syria, General Karl Harris, and during the meeting, the latest developments in the war on terrorism were discussed.

The two sides also discussed developments in the situation in Iraq and Syria, emphasizing the need to enhance coordination and cooperation between the Peshmerga forces and the Iraqi army in order to confront terrorist threats and establish stability in Iraq.

The meeting also dealt with the existing reforms in the Ministry of Peshmerga, as well as the importance of continuing the support provided by the international coalition to the Peshmerga forces.