After the theft of the “Century”, the Council of Ministers decides to contract with one of the major international companies for financial auditing

politicsbreakinghorn theftInternational auditing company

 2022-11-15 12:29A-AA+

Shafaq News/ The Iraqi Council of Ministers decided, on Tuesday, to contract with an international auditing company against the background of “the theft of the century” related to tax insurance funds.

A statement by the Media Office of the Iraqi Council of Ministers was received by Shafak News Agency; “In the field of government efforts aimed at financial auditing of tax and customs deposits, after uncovering the crime of theft of tax security sums that occurred more than a month ago, the Council of Ministers agreed to authorize the Office of the Prime Minister the power to contract with one of the major international companies in financial auditing.”

The statement added that the approval came “for the purposes of auditing tax and customs guarantees, with the exception of Article 3 of the instructions for implementing government contracts, and the Ministry of Planning undertakes to include the project as a component of one of the projects within the investment budget for the year 2022.”

And the regulatory authorities had previously revealed the embezzlement of tax trust funds in the amount of 3.7 trillion Iraqi dinars, which has become known as “the theft of the century”, and the Iraqi judiciary issued arrest warrants against a number of accused of “the theft of the century” and confiscation of movable and immovable funds and the seizure of real estate belonging to them and their families. .

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The President of the Republic to the Prime Minister: We are confident of reaching satisfactory results with Baghdad

• Time: 11/15/2022 19:57:36
• Reading: 390 times

  {Political: Al Furat News} The President of the Republic, Abdul Latif Jamal Rashid, discussed today in the city of Erbil, with the President of the Kurdistan Regional Government, Masrour Barzani, the formation of the new government headed by Prime Minister Muhammad Shia Al-Sudani and the plans of its government service program, in order to achieve the aspirations of the people for a decent life.

A presidential statement, which {Euphrates News} received a copy of, stated, “It was also pointed out the necessity of unifying visions and adopting dialogue to resolve outstanding issues between the federal government and the regional government in accordance with the constitution and in a manner that achieves the national interest.”

In this context, the issue of the competent committee that was formed to go to Baghdad and meet with the Federal Government Committee for dialogue and finding appropriate and real solutions in accordance with the constitutional articles that preserve the rights of the people with all its components was discussed.

The President of the Republic affirmed his full support for the dialogue in order to resolve outstanding issues and enhance the level of relationship and coordination between the federal government and the Kurdistan Regional Government, expressing his confidence in reaching satisfactory results for all and overcoming the existing difficulties.

The US Federal Reserve suspends money transfers to 14 Iraqi banks

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 ECONOMIE THE MOST IMPORTANT NEWS NEWS TICKER

 November 15, 2022 

The Journal (JNA)

In an economic step, the first of its kind in Iraq in years, the US Federal Bank stops money transfers to 14 Iraqi banks, and opens an investigation into the files of these banks, in preparation for their inclusion in the black list. 
The US Federal Reserve’s decision to stop money transfers with Iraqi banks came as a result of accusing these banks of smuggling money from the currency auction illegally. 
An informed source said in an interview with ( The Journal ), that “the US Federal Bank issued its decision to stop money transfers to 14 Iraqi banks, on charges of smuggling money from the currency auction (of the Central Bank), to countries under US sanctions, without revealing the name of the source. These banks. 
He added, “The Federal Reserve has opened an investigation into the records of these banks, and this will result in greater and broader penalties, including the inclusion of these banks on the black list, and work with them will end.”
The blacklisting penalty stipulates that all financial transactions between the US financial system and the listed bank will be suspended and punished. 
These sanctions came less than a month after Muhammad Shia Al-Sudani assumed the presidency of the new government and pledged to work to put the Iraqi economy on the right track. 
Today, Tuesday, the Iraqi market witnessed speculations in the dollar exchange rate, as it recorded today 148,500 Iraqi dinars for 100 US dollars, knowing that the official pricing from the Iraqi Bank is 1450 dinars per one US dollar. 
The dollar exchange rate rose to record levels, a difference of 3,500 dinars from the official real price from the Central Bank, and this benefits speculators from the owners of banking companies, who started today by buying only dollars and not selling.
The Iraqi economy suffers from large economic inflation due to political problems, instability of the financial market, high rates of corruption and money smuggling, which created a kind of mistrust among the Iraqi citizen, and that the Journal could obtain statements from the Central Bank of Iraq on the subject, which witnessed the suspension of dealings In dollars with four of the largest banks during this month and for the same reasons.The Journal newspaper

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Masoud Barzani and the Iraqi President affirm their support for the Sudanese government

KurdistanMasoud BarzaniAbdul Latif Rashid

 2022-11-15 07:12A-AA+

Shafaq News/ Both the Kurdish leader Massoud Barzani and the President of the Republic of Iraq, Abdul Latif Rashid, affirmed on Tuesday their support for the current federal government headed by Prime Minister Muhammad Shia Al-Sudani.

This came during Barzani’s reception at his residence in the Salah al-Din resort of Rashid, according to a statement issued by Barzani’s headquarters.

The statement added that the meeting discussed the political situation in Iraq, the developments of the political process and the steps of the new Iraqi government, and the two sides affirmed their support for the Iraqi government and the implementation of the government program.

The meeting also shed light on Iraq’s foreign relations and the international community, emphasizing the role and position of Iraq in regional and international centers. And the need to solve problems on the basis of dialogue, away from the language of threats.

The President of the Republic arrived earlier this morning to the city of Erbil, capital of the Kurdistan Region, on his first visit since assuming office after his election on 13 October.

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Qaani arrives in Baghdad on an unannounced visit and holds a number of meetings

politicsBaghdadbreakingQaani

 2022-11-15 06:29A-AA+

Shafaq News/ An informed source revealed today, Tuesday, the commander of the Quds Force in the Iranian Revolutionary Guards, Ismail Qaani had arrived in the Iraqi capital, Baghdad, on an unannounced visit in which he held several meetings, most notably with the President of the Republic, Abdul Latif Jamal Rashid, and Prime Minister Muhammad Shia Al-Sudani .

The source told Shafaq News Agency, that upon his arrival this morning, Qaani held a meeting with the President of the Republic and the Prime Minister, during which he affirmed Tehran’s support for the new federal government, indicating that the Quds Force commander discussed with Rashid and Al-Sudani a number of joint security files.

He added that Qaani held a meeting this afternoon with a number of leaders of the coordination framework and the Shiite armed factions, and during the meeting they discussed developments in the Iraqi political arena.

Qaani has made several visits to Baghdad since assuming the position of commander of the Iranian Quds Force, succeeding the prominent General Qassem Soleimani, who was assassinated by a US air strike near Baghdad International Airport in early 2020.

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The Ministerial Council of Economy holds its first meeting: discussing the budget in the next session

• Time: 11/14/2022 23:00:41
• Reading: 2,262 times

  {Economic: Al Furat News} Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein chaired today, Monday, the first meeting of the Ministerial Council for Economy, during which it was emphasized that the budget law would be discussed during its next session.

A statement received by {Euphrates News} said, “The meeting took place in the presence of the Ministers of Planning, Trade, Agriculture, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Chairman of the National Investment Commission as an agency and the Prime Minister’s advisors for economic affairs.”

The statement added that Hussein welcomed “the members of the Council, wishing them success in their work,” stressing “the need for the Council to take its real role in formulating economic policies that would contribute to the development of the economy and development and provide the best services to citizens.”

Hussein affirmed that “the Ministerial Council of Economy will devote a large part of the next session to discussing the budget proposal in order to complete it before submitting it to the House of Representatives,” discussing “the items included in its agenda and taking the appropriate decisions.”

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The presidents of the Kurdistan Region and Iraq affirm the dialogue to resolve the differences between Erbil and Baghdad

KurdistanErbilBaghdadbreakingNechirvan BarzaniIraqi Presidentdifferences

 2022-11-15 05:16A-AA+

Shafaq News/ The President of Kurdistan Region, Nechirvan Barzani met today, Tuesday, President of the Republic, Dr. Abdul Latif Jamal Rashid, in the city of Erbil.

A statement issued by the Presidency of the Republic received by Shafaq News stated that during the meeting, the general situation in Iraq was discussed, including those related to the relationship between the center and the region, where the importance of constructive dialogue was emphasized in order to resolve outstanding issues between the federal government and the Kurdistan Regional Government in accordance with the constitution and in the manner in which It guarantees the rights of all citizens and secures their needs and demands.

The President of the Region expressed his confidence in the President of the Republic to play an important role in resolving outstanding issues, stressing the Region’s desire to enhance dialogue and reach solutions based on the Constitution and guaranteeing common interests.

The meeting was attended by a number of senior officials in the region, according to the statement.

The President of the Republic arrived earlier this morning to the city of Erbil, capital of the Kurdistan Region, on his first visit since assuming office after his election on 13 October.

Shafaq News Agency correspondent said that the Iraqi president will meet with: Kurdish leader Massoud Barzani, President of the Region, Nechirvan Barzani, and Prime Minister Masrour Barzani to discuss the situation at the internal level of Kurdistan and all of Iraq, and externally at the regional level.

It is scheduled that these three presidents will participate next Thursday in the Forum for Peace and Security in the Middle East in its third edition, which will be held at the American University in Dohuk.

About 40 senior officials from different countries will attend the forum, in addition to specialized academic personalities from inside and outside the region and Iraq.

The presidents of the Kurdistan Region and Iraq affirm the dialogue to resolve the differences between Erbil and Baghdad

KurdistanErbilBaghdadbreakingNechirvan BarzaniIraqi Presidentdifferences

 2022-11-15 05:16A-AA+

Shafaq News/ The President of Kurdistan Region, Nechirvan Barzani met today, Tuesday, President of the Republic, Dr. Abdul Latif Jamal Rashid, in the city of Erbil.

A statement issued by the Presidency of the Republic received by Shafaq News stated that during the meeting, the general situation in Iraq was discussed, including those related to the relationship between the center and the region, where the importance of constructive dialogue was emphasized in order to resolve outstanding issues between the federal government and the Kurdistan Regional Government in accordance with the constitution and in the manner in which It guarantees the rights of all citizens and secures their needs and demands.

The President of the Region expressed his confidence in the President of the Republic to play an important role in resolving outstanding issues, stressing the Region’s desire to enhance dialogue and reach solutions based on the Constitution and guaranteeing common interests.

The meeting was attended by a number of senior officials in the region, according to the statement.

The President of the Republic arrived earlier this morning to the city of Erbil, capital of the Kurdistan Region, on his first visit since assuming office after his election on 13 October.

Shafaq News Agency correspondent said that the Iraqi president will meet with: Kurdish leader Massoud Barzani, President of the Region, Nechirvan Barzani, and Prime Minister Masrour Barzani to discuss the situation at the internal level of Kurdistan and all of Iraq, and externally at the regional level.

It is scheduled that these three presidents will participate next Thursday in the Forum for Peace and Security in the Middle East in its third edition, which will be held at the American University in Dohuk.

About 40 senior officials from different countries will attend the forum, in addition to specialized academic personalities from inside and outside the region and Iraq.