Baghdad and the region form three committees and agree to clear all outstanding issues

• Time: 12/12/2022 19:17:23
• Read: 221 times

  {Politics: Al Furat News} Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired today, Monday, the fourth meeting of the Ministerial Council for Economy, in the presence of the Deputy Prime Minister and Minister of Planning and the Ministers of Finance, Trade, Industry, Agriculture, Labor and Social Affairs, Secretary General of the Council of Ministers, Governor of the Bank Iraqi Central Bank and advisors to the Prime Minister for economic and legal affairs.

The Council also hosted a delegation from the Kurdistan region that included the Minister of Finance and Economy, the Minister of Natural Resources, the President of the Audit Bureau, the President of the Presidential Court, the representative of the Kurdistan Region in Baghdad and a number of advisors and general managers.
The Deputy Prime Minister welcomed the guest delegation, and pointed out the importance of sitting at the discussion table in order to resolve all outstanding economic issues, and initiated this meeting to discuss the draft federal budget law.
The Minister of Finance gave an explanation of the most important paragraphs of the draft law and what was included in the draft, pointing to the importance of agreeing on the paragraphs pertaining to the Kurdistan region.
In turn, the Deputy Prime Minister and Minister of Planning referred to the direction of the government and the prime minister in order to resolve all outstanding problems between Baghdad and Erbil as included in the government curriculum for it, adding to the formation of three important joint committees. involved in this field, and the third is concerned with the work of border crossings and related matters.
For his part, the Minister of Finance and Economy in the regional government affirmed his government’s determination to clear all outstanding and thorny issues.
At the end of the hosting, and after constructive and meaningful discussions, Fuad Hussein indicated the existence of common ground and the national desire to resolve all outstanding issues through dialogue.
The Council discussed the economic issues on its agenda and took the necessary decisions in this regard.

https://alforatnews.iq/news/%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D9%88%D8%A7%D9%84%D8%A7%D9%82%D9%84%D9%8A%D9%85-%D9%8A%D8%B4%D9%83%D9%84%D8%A7%D9%86-%D8%AB%D9%84%D8%A7%D8%AB-%D9%84%D8%AC%D8%A7%D9%86-%D9%88%D9%8A%D8%AA%D9%81%D9%82%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D8%AA%D8%B5%D9%81%D9%8A%D8%B1-%D8%AC%D9%85%D9%8A%D8%B9-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B6%D9%8A%D8%B9-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%82%D8%A9

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Parliamentary finance reveals the region’s share in the 2023 budget

• Time: 12/12/2022 16:41:15
• Read: 1,534 times

  {Economic: Al Furat News} The Parliamentary Finance Committee revealed, today, Monday, the share of the Kurdistan region in the federal budget for the fiscal year 2023.

The useful summary.. On important news, you can find it on Al-Furat News channel on Telegram.. To subscribe, click here

A member of the committee, Jamal Cougar, told Al-Furat News that: “The region demanded a lot that its share of the budget be 17%, and that the talk is about 14%, as it is the percentage of the region’s population, according to a book by the Ministry of Planning.” 
He pointed out, “Dealing with regard to the region’s share will be the same as previous years, in that the share is granted according to the delivery of exports.” 
“But otherwise, no money will be paid to the Kurdistan region,” Cougar said. 
The Parliamentary Finance Committee expected the approval of the draft financial budget law for the year 2023 at the beginning of next year. 
Committee member Mueen Al-Kadhimi said in a press statement that the government will present a draft budget law for 2023 in the resumption of parliament sessions next month, which amounts to 130-140 trillion dinars, and its discussion takes two months in the House of Representatives because there are opinions of the committees and political blocs.
Al-Kazemi promised that the price of a barrel of oil at $75 in the budget is “unrealistic” and that the price of oil must be calculated conservatively with the decline in crude prices, and $65 may be appropriate.

From: Raghad Dahham

https://alforatnews.iq/news/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D8%AD%D8%B5%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D9%84%D9%8A%D9%85-%D9%81%D9%8A-%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2023

Sudani chairs extraordinary session to discuss government program

• Time : 2022/12/12 16:06:02
• Read : 247 times

  

{Political: Al-Furat News} Prime Minister Mohammed Shiaa Al-Sudani chaired on Monday a “exceptional” session of the Council

“Prime Minister Mohamed Shiaa Al-Sudani chaired an extraordinary session of the Council of Ministers devoted to discussing the government program,” the Sudanese office said in a statement received by {Euphrates News}.

https://alforatnews.iq/news/السوداني-يرأس-جلسة-استثنائية-لمناقشة-البرنامج-الحكومي

The talk of the exchange rate invades the Iraqi sessions..and the currency auction is the window for whitening the dollar

December 12, 2022 

Baghdad / Obelisk: The talk of the exchange rate of the dollar has become the most prominent one being circulated by Iraqis who are disaffected by the continued escalation of prices.

Citizens say that wholesale and retail stores complicate the problem because they exploit the exchange rate to increase the prices of goods and merchandise.

And the Central Bank of Iraq pumps money into the market to meet the scarcity of dollars in it, and to allow banking companies to buy dollars from it in larger quantities to cover the need.

The Iraqi politician, Intifaf Qanbar, talks about that all of Iraq’s corruption is whitewashed in the dollar auction, which is the bottleneck of Iraq’s corruption, considering the Sudanese prime minister, if he is serious, he should start fighting the corruption of the currency auction in the central bank.

Engineer Hamid Hadi says in a tweet on Twitter, ( @enghamed313), that the rise of the dollar is not related to the selling price in the Central Bank of Iraq, but the increase is fabricated by some private banks and exchange offices that monopolized the dollar for the purpose of reducing the level of the dollar in the market and thus increasing its price .And Ahmed Eid says via Twitter, saying, (@ahmed33_ied), 

that the currency speculation operations are most intense in the Iraqi market, due to the control of speculators and the absence of state solutions to limit the rise in the exchange rate to a record value.Abu Ali Al-Hilali, (@xdewqhgfsgbgg), considered that 

the rise in the price of the dollar was a political issue , in order for things to return to demonstrations and chaos.

Middle East business advisor Lina Al-Ghanawi (@LGhanawi) says 

that the dollar reaches 152 thousand dinars in the parallel markets

 , adding that, according to experts, the political reasons

 behind the high price of the dollar in Iraq.Prime Minister Muhammad Shia al-Sudani directed that citizens be provided with 12 portions of the items of the food basket per year and that their amounts be included in the 2023 budget, in an attempt to address the impact of high prices on the poor classes.

And the Central Bank of Iraq had decided in December of the year 2020 to adjust the exchange rate of the US dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance reached 1450 dinars, while the price of selling it to banks was 1460 dinars per dollar, while the selling price to the citizen was 1470 dinars per dollar. .

Prepared by Muhammad Al-Khafaji

حديث سعر الصرف يغزو جلسات العراقيين.. و مزاد العملة نافذة تبييض الدولار

Iraq is fifth among the largest oil producers in the world

December 11, 2022 

Baghdad / Obelisk: The United States is the largest oil producer in the world, far behind its closest competitors, as it produced about 16.6 million barrels of oil on average per day in 2021.

While the Kingdom of Saudi Arabia and Russia occupy the second and third ranks, respectively, with production of about 11 and 10.9 million barrels per day of oil, respectively, according to data collected by British Petroleum.

The top three countries produced more oil than the bottom seven countries in the top ten combined.

Canada ranked fourth, according to the chart prepared by Statista, with a production of 5.4 million barrels per day, followed by Iraq (4.1 million barrels), China (4 million barrels per day), the UAE (3.7 million barrels), and Iran (3.6 million barrels). Daily).

العراق خامسا بين أكبر منتجي النفط في العالم

Iraqi-American-Kuwaiti naval patrols in the Gulf

• Time : 2022/12/12 12:32:47
• Read : 1,100 times

  

(Amniah: Al-Furat News) The US Fifth Fleet Command announced on Monday that naval forces from Iraq, Kuwait and the United States have conducted a joint patrol in the Gulf for the second time in four months, to enhance regional maritime security.

It added that U.S. Navy ships worked with ships from the Iraqi Navy and the Kuwait Coast Guard, and carried out exercises on maneuvering and maritime security.

“Partnerships are the foundation of maritime security and stability in the Middle East,” said Admiral Brad Cooper, commander of U.S. Naval Forces Central Command, Fifth Fleet and Combined Maritime Forces. Our continued cooperation signals our collective commitment to protecting territorial waters.”

The three countries conducted a similar patrol in the Gulf on Aug. 25.

https://alforatnews.iq/news/دوريات-بحرية-عراقية-امريكية-كويتية-في-الخليج

Details of the meeting of the President of the Republic and the Governor of the Central Bank

political| -06-01:46 – 12/12/2022

Baghdad – Mawazine News
President Abdullatif Jamal Rashid received, on Monday, Governor of the Central Bank of Iraq Mustafa Ghaleb, a scary.

According to a statement by the Presidency of the Republic, “during the meeting, they discussed the importance of the role of the Central Bank in the process of stabilizing the financial and economic system in the country, achieving the goals of sustainable development, and pursuing solid fiscal policies to overcome the challenges facing the Iraqi economy.”

The President of the Republic stressed “the importance of diversifying the sources of Iraqi national income, pointing to the need to control borders, close illegal border crossings and organize customs imports to be added to the state budget.”

He pointed out “the importance of encouraging and attracting investments by supporting the private sector and meeting the legal and legislative requirements for this and legislating social security and retirement laws for this important sector that enhances job opportunities,” adding that “the stable security situation in the country enhances this aspect.”

He also pointed out “the importance of enhancing tourism imports in the country, encouraging religious and archaeological tourism and establishing the required controls for it, as it generates financial imports to the state budget not less than investment imports.” Finished 29/n33

https://mawazin.net/Details.aspx?jimare=213950

The Central Bank receives the remaining amount from the Kuwait Compensation Fund

• Time: 12/12/2022 11:33:36
• Read: 1,053 times

  {Economic: Al Furat News} The Central Bank of Iraq announced today, Monday, that it had received the remaining amount in the Compensation Fund, amounting to (7,946,316) seven million nine hundred and forty-six thousand three hundred and sixteen US dollars, after paying the full compensation for the State of Kuwait.

An authorized source in the Central Bank of Iraq stated in a press statement, “The amount was returned after auditing the accounts according to Security Council Resolution No. (2621) for the year (2022) concerned with ending the compensation file resulting from the invasion of the former Iraqi regime into the State of Kuwait.” 

It is noteworthy that, “Iraq revealed in 2021 that it had terminated all necessary banking arrangements with the US Federal Reserve Bank to stop the automatic deduction of Kuwait’s compensation from Iraqi crude oil export revenues, after paying the full remaining amount of compensation.”

https://alforatnews.iq/news/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%AA%D8%B3%D9%84%D9%91%D9%85-%D8%A7%D9%84%D9%85%D8%A8%D9%84%D8%BA-%D8%A7%D9%84%D9%85%D8%AA%D8%A8%D9%82%D9%8A-%D9%85%D9%86-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%AA%D8%B9%D9%88%D9%8A%D8%B6%D8%A7%D8%AA-%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA

Bank’s dollar cash sales rise amid expectations of next drop

EconomyDollar PricesBreakingThe Central Bank Of IraqSales Of The Central Bank

2022-12-12 04:53Font

Twilight News / The central bank’s cash sales of the dollar rose on Monday to reach about $50 million at an auction today with the participation of 30 banks.

“Today, during its auction for the sale and purchase of US dollars, the Central Bank sold 134 million and 98,495 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar,” a correspondent for Shafaq News Agency reported.

Our correspondent added that sales were distributed between remittances and external credits, which amounted to 84 million and 398 thousand and 495 dollars, while cash sales rose to $49 million and 700 dollars.

Our correspondent pointed out that 16 banks have responded to requests to strengthen balances abroad, 14 banks to meet cash requests, in addition to 116 mediation companies.

Financial expert Hilal Al-Taan predicted in an interview with Shafaq News agency “a decline in dollar prices against the Iraqi dinar with the rise in cash sales in the bank’s auction at the expense of foreign remittances.”

He added that “the bank has begun to increase the planned shares of banks and banking companies of the dollar announced in advance, which will lead to an increase in the dollar supply and a decrease in the price of the dollar against the Iraqi dinar.”

https://shafaq.com/ar/اقتصـاد/ارتفاع-مبيعات-البنك-النقدية-من-الدولار-وسط-توقعات-بانخفاض-مقبل

Bank’s dollar cash sales rise amid expectations of next drop

EconomyDollar PricesBreakingThe Central Bank Of IraqSales Of The Central Bank

2022-12-12 04:53Font

Twilight News / The central bank’s cash sales of the dollar rose on Monday to reach about $50 million at an auction today with the participation of 30 banks.

“Today, during its auction for the sale and purchase of US dollars, the Central Bank sold 134 million and 98,495 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar,” a correspondent for Shafaq News Agency reported.

Our correspondent added that sales were distributed between remittances and external credits, which amounted to 84 million and 398 thousand and 495 dollars, while cash sales rose to $49 million and 700 dollars.

Our correspondent pointed out that 16 banks have responded to requests to strengthen balances abroad, 14 banks to meet cash requests, in addition to 116 mediation companies.

Financial expert Hilal Al-Taan predicted in an interview with Shafaq News agency “a decline in dollar prices against the Iraqi dinar with the rise in cash sales in the bank’s auction at the expense of foreign remittances.”

He added that “the bank has begun to increase the planned shares of banks and banking companies of the dollar announced in advance, which will lead to an increase in the dollar supply and a decrease in the price of the dollar against the Iraqi dinar.”

https://shafaq.com/ar/اقتصـاد/ارتفاع-مبيعات-البنك-النقدية-من-الدولار-وسط-توقعات-بانخفاض-مقبل