The convergence of Iraq and Egypt. The nucleus of a regional alliance, but it needs the Gulf.

Reports And AnalysisIraqBreakingEgyptThe GulfSisiThe Sudanese

2023-08-01 16:05Font

Shafaq News / The Arab Gulf States Institute in Washington stressed that Iraq and Egypt are working to develop diplomacy between them and in the region in order to push for broader regional cooperation with Jordan, but the success of these efforts also requires working closely with the Gulf Cooperation Council countries.

The American report, translated by Shafaq News, mentioned the second visit of Iraqi Prime Minister Mohammed Al-Sudani to Cairo in less than 100 days, on June 13, 2023, accompanied by 11 ministers and dozens of Iraqi businessmen, pointing out that Iraq, Iraq and Egypt signed 11 memorandums of understanding to promote trade, tourism and investment, adding that the visit was part of a larger effort between Iraq, Egypt and Jordan focused on regional integration.

Over the years, the report said that the Iraqi-Egyptian relationship has witnessed stages of cooperation, competition and changing dynamics driven by the aspirations of the leadership, policies and regional conflicts, and that despite these complications, the two countries have realized the importance of continuing diplomatic engagement to explore ways of cooperation, noting that in 1963, Egypt and Iraq, along with Syria, sought to form an Arab regional alliance to enhance their security and stability and enhance their economic output through trade liberalization.

The report also added that in 1989, in an attempt to compete with the Gulf Cooperation Council, Egypt, Iraq, Jordan and Yemen established the so-called “Arab Cooperation Council,” but it did not last long because of Iraq’s invasion of Kuwait the following year.

The report added that when the Iran-Iraq war drained Iraq’s workforce during the 1980s, Saddam Hussein’s regime lifted restrictions on visas on Egyptians and brought in 1.5 million Egyptian workers to keep the Iraqi economy going.

Recently, the two countries revived the Joint High Committee during a meeting held in October 2020 in Baghdad, where the two countries signed 15 cooperation agreements in areas including investment, industrial cooperation, trade, maritime transport, infrastructure and water. The report pointed out that the committee held its next meeting during Al-Sudani’s visit to Cairo in June and signed 11 agreements, which shows their determination to strengthen economic and political relations.

The report pointed out that Iraq is classified as a rentier state, with its heavy dependence on oil sales revenues, and therefore faces significant unemployment challenges affecting young people, which is a common issue in oil-rich countries as well, adding that despite the high unemployment rate, some citizens avoid accepting certain job opportunities because of the social stigma associated with low status roles. Therefore, the report pointed out that the Iraqi private sector resorted to employing more than 1.5 million foreign workers, including about 25,000 Egyptians.

The report added that within the framework of oil versus reconstruction, Cairo has plans to increase the number of Egyptian workers in Iraq to more than 1.5 million, in light of expectations that Egyptian investments will attract a large number of Egyptians to Iraq.

The report pointed out that conflict-torn Iraq needs foreign investment and employment to support in order to enhance reconstruction efforts, and therefore Egyptian investment and employment can play a vital role in this area.

He added that given the historical, cultural and linguistic ties, many Egyptian workers feel a deep connection to Iraq, which makes them well suited for integration into Iraqi society, and this close convergence can contribute significantly to the reconstruction process in Iraq, and enhance cooperation and gains for both Iraq and Egypt.

tripartite cooperation

The report stated that Al-Sudani’s visit to Egypt was also part of broader efforts by Iraq, Egypt and Jordan to establish a tripartite cooperation for regional integration, recalling that the leaders of the three countries met four times since 2019 to lay the foundation for an economic bloc, while the foreign ministers met in tripartite summits aimed at deepening cooperation. The Iraqi-Jordanian-Egyptian Coordination Council held its first meeting in September 2020.

He continued, saying that strengthening high-level diplomacy would highlight the magnitude of the commitment of Iraq, Egypt and Jordan to establish strong relations, and suggests that they want to deepen their relations by forming an economic alliance similar to that they formed with Yemen in 1989.

According to the report, such a project has economic, security and political considerations, including the electrical connection between the three countries, but the most important is what Baghdad, Cairo and Oman really want, which is restoring its previous status as major political, diplomatic and economic forces in Arab issues.

The report explained that while Iraq has a wealth of oil, decades of internal and regional conflict have weakened its infrastructure and economy, while Egypt, the largest population in the Arab world, has suffered from continuous economic difficulties in addition to the turmoil of the Arab Spring, while Jordan played an important role as a regional mediator, but the size of the country, its economy and geography have reduced its ability to highlight its strength at the regional level.

The report pointed out that while there may be nostalgic feelings for the past, as recently allemed to Iraqi President Abdul Latif Rashid, the current reality poses severe social, political and economic challenges for Baghdad, Cairo and Oman that hinder their ability to exert their influence inside and outside their borders.

For these reasons, the report said that it is clear that maintaining relations with the GCC countries is very important for economic development and regional stability, noting that the strong economies of the GCC countries, the concentration of wealth and political stability, have given these countries an increasing regional and international rise.

He continued, saying that Iraq and Egypt witnessed the transfer of their historical roles in the Arab world to supporting roles due to the transfer of power and influence to the GCC countries.

The report considered that the possibility of an economic bloc that includes Egypt, Iraq and Jordan represents a promising opportunity to cooperate with the Gulf Cooperation Council countries in a way that enhances economic interdependence, trade and investment, but this requires new thinking that excludes the destructive zero calculations that have repeatedly characterized the policies of the alliance in the Middle East.

The report called on the potential new bloc, in order to achieve its goals, to ensure that its initiatives and policies are in line with the interests of the Gulf Cooperation Council.

The report concluded by saying that enhancing diplomatic engagement between Iraq, Egypt and Jordan contributes to the development of a more ambitious regional project and highlights the growing confidence, goals and common vision of these countries. He concluded that it serves as a clear indication of the efforts made by the three countries to establish a deeper and comprehensive partnership, which could benefit their people and the region as a whole.

“Continuing to work closely with the GCC countries even as these three countries build their new partnership represents the most direct – and probably the only – path to the success of this project,” he concluded.

https://www.shafaq.com/ar/تقارير-وتحليلات/تقارب-العراق-ومصر-نواة-تحالف-قليمي-لكنه-يحتاج-الى-الخليجيين

Attempt To Smuggle Huge Sums From Baghdad To Kurdistan Foiled

01/08/2023

2108

EARTH NEWS / A security source revealed on Tuesday that a person who tried to smuggle $260,000 and 140 million dinars was arrested in the capital Baghdad.

The source told Earth News that “a security force under the supervision of its command, Major Imad, was able to arrest a person who tried to smuggle an amount of 260 thousand US dollars and 140 million Iraqi dinars, whose owner wanted to smuggle it by hiding it in his wheel to northern Iraq.”

He added that “the operation was carried out through continuous follow-up by the detachment (smuggling currency) of the organized crime under the command of the aforementioned pioneer within the control of Taji towards northern Iraq.”

The National Security Service announced on Tuesday that $14 million and five billion smuggling equipment hidden in the “ corridors room” in Baghdad had been seized in a security operation.

إحباط محاولة تهريب مبالغ ضخمة من بغداد إلى كردستان

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Al-Sudani reveals “important” meeting tomorrow and when the budget instructions will be published

  • Time: 2023/08/01 21:04:09
  • Read: 936 times
Al-Sudani reveals "important" meeting tomorrow and when the budget instructions will be published

  

Prime Minister Mohamed Shia Al-Sudani in a press conference:

The Council of Ministers approved the system of the Iraq Fund for Development and we are working to form the Board of Directors

The government continues to work executive according to the priorities of its program with clarity and confidence

We have anticipated the three-year budget by preparing the requirements of our plans.

We put the third article in the budget, which provides a sovereign guarantee to the private sector

An Iraqi delegation visited Germany and Italy and agreed in principle to import production lines to establish factories

These factories will be covered by a government sovereign guarantee for the private sector at 85% of their value.

We received offers from Arab and foreign investment funds to participate in the Iraq Fund for Development

We received requests from the private sector to implement projects within the Iraq Fund for Development

During its discussions, the House of Representatives deleted the article related to the implementation of budget instructions

Budget implementation instructions will be published this week.

We held meetings with several ministries to prioritize project financing in the budget

Tomorrow we will hold an important session in the presence of political leaders and technicians from the Ministry of Oil and the Ministry of Wealth in the region and legal.

The session will discuss the draft oil and gas bill and there are views that need a political decision.

The Council of Ministers today approved the system of the reconstruction fund for the poorest governorates

The council approved the allocation of 5 billion dinars to the Artists Pension Fund

The Council of Ministers decided to refer the seawater desalination plant project to the province of Basra in coordination with the Ministry of Construction

The Council of Ministers approved the recommendations to grant individual or tourist entry visas to visitors to the 40s from the Gulf countries

The marks are granted through official border crossings and through a special seal until the end of the month of zero

Electricity is a sensitive issue and touches the life of the citizen service and economically.

Two problems occurred in the electricity file, the first of which is the suspension of imported gas.

Before stopping the imported gas, we recorded the highest production in the history of the system, reaching 26 thousand megawatts.

The Council of Ministers decided to refer the seawater desalination plant project to the province of Basra in coordination with the Ministry of Construction

The Council of Ministers approved the recommendations to grant individual or tourist entry visas to visitors to the 40s from the Gulf countries

Traits are granted through official border crossings and through a special seal until the end of the month of zero

Electricity is a sensitive issue and touches the life of the citizen service and economically.

Two problems occurred in the electricity file, the first of which is the suspension of imported gas.

Before stopping the imported gas, we recorded the highest production in the history of the system, reaching 26 thousand megawatts.

After the decision to swap oil for gas, electricity returned to normal

There are question marks about the electricity accident on the tenth of Muharram

The state conducted an investigation into this incident at the level of the security and technical services

When there is deliberate negligence it must be such an accident

Dismantling of 15 explosive devices in Baiji that were aimed at a tower placed in areas and articulated contracts

No country can put guards on every tower and power station

The state continues its duty of regulation and accountability and we have no red lines ahead of us.

https://alforatnews.iq/news/السوداني-%C2%A0مجلس-الوزراء-أقر-نظام-صندوق-العراق-للتنمية-ونعمل-على-تشكيل-مجلس-الإدارة

Iraqi budget audit complete: Council of State

With the completion of the audit, and with no other obstacles in its path, the Iraqi government is expected to implement the budget law.

 Kurdistan 24   2 Hours

       

Iraqi dinar. (Photo: Kurdistan 24)

Iraqi dinar. (Photo: Kurdistan 24)

ERBIL (Kurdistan 24) – The Iraqi Council of State announced on Tuesday that the audit of the next three-year budget has been completed.

The budget audit was attended by Iraqi Finance Minister Taif Sami Mohammed, representatives of the Ministry of Planning, and several other parties.

With the completion of the audit, and with no other obstacles in its path, the Iraqi government is expected to implement the budget law.

On June 12, the Iraqi parliament approved the 2023, 2024, and 2025 budget bills.

Hailed as one of the country’s biggest budgets, the state expenditures were set at 198.91 trillion Iraqi dinars ($153 billion) with a deficit of more than 64 trillion dinars (over $48 billion).

The Iraqi government relies on international loans to cover the budget deficit. To counteract this, 70 percent of all oil revenues will be allocated to cover the deficit.

The Kurdistan Region’s share in the federal budget is set at 12.67 percent, amounting to more than $12 billion annually.

Oil and gas management has been among the contentious issues between Erbil and Baghdad for over a decade, leading to the suspension of the Region’s share in previous federal budgets.

kurdistan24.net

Al-Sudani: Budget instructions will be published next week

  • Time: 2023/08/01 19:42:03
  • Read: 1,104 times
Al-Sudani: Budget instructions will be published next week

  

{Policy: Euphrates News} Prime Minister Mohammed Shia Al-Sudani announced, on Tuesday, the date of publication of the budget instructions.

“The budget instructions will be published next week,” Al-Sudani said, in a press conference following the cabinet session.

He added that “the region’s share of the budget has been sent for this month,” noting that “the Kurdistan region delivers 55,000 barrels of oil to the federal government on a daily basis and the figure is on the rise.”

Earlier today, the Iraqi State Council announced the completion of the audit of the instructions for the implementation of the tripartite budget for the purpose of facilitating the procedures for its implementation.

The Council stated that “the State Council has completed the audit of the instructions for the implementation of the financial budget for the three years 2023-2024-2025.”

He added, “The achievement was carried out in the presence of Minister of Finance Taif Sami, and representatives of the Ministry of Planning and the relevant authorities, for the purpose of facilitating the procedures for the implementation of the tripartite budget.”

On the other hand, Al-Sudani announced that a major security cooperation between the federal government and the Kurdistan region resulted in the arrest of a large dollar smuggling network in Erbil.

https://alforatnews.iq/news/السوداني-تعليمات-الموازنة-ستنشر-خلال-الأسبوع-المقبل

Sudanese adviser: The government succeeded in creating an effective balance commensurate with the exchange rate

  • Time: 2023/08/01 17:52:03
  • Read: 858 times
Sudanese adviser: The government succeeded in creating an effective balance commensurate with the exchange rate

  

{Economic: Euphrates News} The financial and economic adviser to Prime Minister Mazhar Mohammed Saleh, on Tuesday, considered the balance of the dollar exchange rate due to “the success of the government in creating balance.”

Saleh (Al-Furat News} said that: “The Iraqi government had an active and stronger role in dealing smart and flexible with macroeconomic variables related to market stability.”
“Essizing the role of the state and its financial and commercial agencies in managing a temporary crisis in the exchange market is basically an emergency,” he added.
Saleh continued, “On top of these flexibility is the use of fiscal policy tools, including tax and customs, with flexibility, transparency and accuracy in conducting the relationship between foreign trade and ways of financing it and creating an effective balance commensurate with the official exchange rate.”

From: Raghad Daham

https://alforatnews.iq/news/مستشار-السوداني-الحكومة-نجحت-في-خلق-توازن-فعال-يتناسب-مع-سعر-الصرف

The Council of State announces the completion of the audit of the 2023 budget instructions

PoliticalBreakingBalance 2023Council Of State

2023-08-01 09:40Font

Shafaq News / The Council of State announced today, Tuesday, the completion of the tripartite budget audit.

A brief statement by the State Council and a response to Shafaq News Agency said that the process of auditing the instructions for the implementation of the budget law for the years 2023-2024-2025 No. (13) of 2023 was carried out in the presence of the Minister of Finance, the Ministry of Planning, and the relevant authorities, for the purpose of facilitating the procedures for the implementation of the aforementioned law.

On Monday (June 12), the Iraqi Council of Representatives voted on the federal budget law for the years 2023,2024,2025, after five-day discussions.

The value of this year’s budget is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars ($48.3 billion), while the budget items of 2023 and 2024 were not published.

https://www.shafaq.com/ar/سیاسة/مجلس-الدولة-يعلن-انجاز-تدقيق-تعليمات-موازنة-2023

Parliamentary Finance: The delay in implementing the budget is worrying and unprecedented

  • Time: 08/01/2023 14:18:47
  • Read: 1,261 times
Parliamentary Finance: The delay in implementing the budget is worrying and unprecedented

{Local: Al Furat News} A member of the Parliamentary Finance Committee, Faisal Al-Naili, said today, Tuesday, that the delay in issuing budget instructions is a matter of concern, and we hoped that these instructions would be issued if the budget was approved on June 12.

Al-Naeli said in a statement to {Euphrates News}, that “the Ministry of Finance has perceptions of all paragraphs of the budget, and that the rest of them are amendments or additions added by the House of Representatives, and that they are not difficult or complex materials that need approvals.”

He added that the delay is accounted for by the Ministry of Finance, especially since previous years did not delay these instructions by more than 10 days after their approval.

It is noteworthy that, after nearly 51 days of approving Iraq’s budget for the years 2023, 2024, and 2025, most government departments are still awaiting implementation instructions issued by the Ministry of Finance in light of widespread controversy over the reasons for the delay.

Despite the fact that the budget was published in the Official Gazette after its approval, and then it was recently corrected and entered into force, the departments are not able to act on its provisions, except after approval of the implementation instructions by the Ministry of Finance.
Finance Minister Taif Sami had reported earlier that the ministry had intensified its efforts to expedite the issuance of procedures for reviewing the instructions for implementing the federal general budget for the years 2023, 2024 and 2025 No. 13 of 2023, which was recently approved by Parliament.

Raghad Daham

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%D8%A3%D8%AE%D8%B1-%D8%AA%D8%B9%D9%84%D9%8A%D9%85%D8%A7%D8%AA-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-%D8%A3%D9%85%D8%B1-%D9%85%D9%82%D9%84%D9%82-%D9%88%D8%BA%D9%8A%D8%B1-%D9%85%D8%B3%D8%A8%D9%88%D9%82

Has Iraq banned these money transfers? A source in the central reveals

  • Time: 2023/08/01 11:16:26
  • Read: 1,118 times
Has Iraq banned these money transfers? A source in the central reveals

  

{Economic: Euphrates News} A source in the Central Bank of Iraq revealed the truth of the news about the banning of international transfers through {Wistern Union} to countries in the region.

The source told {Euphrates News} that “there is no truth to ban international transfers { Western Union} with Iraq and a number of countries,” stressing that “it is just rumors, financial transfers continue.”
Some media outlets had reported banning international transfers { Western Union} from Iraq to the UAE, Turkey, Lebanon and Jordan.

Raghad Daham

https://alforatnews.iq/news/هل-حظر-العراق-هذه-الحوالات-المالية؟-مصدر-في-المركزي-يكشف