Archive for May, 2020

Economist: We are facing a fatal crisis and reveals 54 trillion dinars in banks and individuals

Economist: We are facing a fatal crisis and reveals 54 trillion dinars in banks and individuals

Posted, 05/29/2020 21:47:55

{Baghdad: Al Furat News} The economic expert, Alaa Al-Fahd, described the current economic crisis in the country as a “lethal”, while revealing that there were 54 trillion dinars in banks and individuals.
“The government is currently studying several tools for the state’s financial policy, including internal tools by trying to diversify revenues for other sectors and revitalize them, such as Read more…

Soon .. a deputy in Parliament Finance announces the move to cancel the dual salaries

Soon .. a deputy in Parliament Finance announces the move to cancel the dual salaries

05/29/2020 12:38

Baghdad today – private

Member of the Parliamentary Finance Committee, Ahmed Mazhar Al-Jubouri, announced on Friday (May 29, 2020) that the parliament will move after the Eid holiday to cancel the double salaries, indicating that 70 percent of the deputies support this approach.

Al-Jubouri said in an interview Read more…

The dollar ends its week with stability in Iraq 5-29-2020

The dollar ends its week with stability in Iraq 5-29-2020

5/29/2020 11:33

[Baghdad-Where]
Foreign currency markets in Iraq recorded, today, Friday, stability in the exchange rate of the US dollar against the Iraqi dinar.
The selling and buying prices of the dollar in banking companies and bureaus came as follows: Read more…

The vacant ministries … hold the spoils and an opportunity for the ingredients

The vacant ministries … hold the spoils and an opportunity for the ingredients

5/29/2020 11:27

[Baghdad-Ain]
The political blocs are scheduled to resume their discussion rounds with Prime Minister Mustafa Al-Kazemi to resolve the file of the seven vacant ministries [Trade, Justice, Culture, Agriculture, Immigration, Foreign Affairs, and Oil] amid disputes related to the remaining sovereign ministries that prevented their resolution Read more…

Anbar reveals the reason why desert areas have not been cleared of ISIS cells

Anbar reveals the reason why desert areas have not been cleared of ISIS cells

5/29/2020 17:25

Ayna News – Anbar

a high-ranking source in the local Anbar government revealed on Friday, the main reason that prevents the purification of desert areas of ISIS criminal gangs in desert areas.

The source said in a press statement, “The purification Read more…

Iraqi Dinar Guru opinions 5-28-2020

Iraqi Dinar Guru opinions 5-28-2020

5-28-2020 Newshound Guru Adam Montana The fact that Oil is returning to normal and sustainable price levels…well, that’s just gravy. One other component I think we need to keep on the radar is still the HCL. While we are seeing a lot of positive news on many other fronts, the HCL seems… suspiciously quiet. …The HCL (Hydro Carbon Law) is extremely important. It covers a few things, perhaps most importantly is the money-sharing arrangement that it provides… Oil, the Transportation of Oil, the price of Oil, the intrinsic connection between Oil and Iraq’s economy… this is a short list of why the HCL is important. Read more…

The dollar continues to stabilize in Iraq 5-28-2020

The dollar continues to stabilize in Iraq 5-28-2020

05/28 2020 10:47:44

{Baghdad: Al Furat News} Foreign currency markets in Iraq recorded, today, Thursday, a stability in the exchange rate of the US dollar against the Iraqi dinar.
The selling and buying prices of the dollar in banking companies and bureaus came as follows: Read more…

The Minister of Industry announces a plan to rehabilitate all factories and sets the time

The Minister of Industry announces a plan to rehabilitate all factories and sets the time

05/28/2020 18:11:00

{Baghdad: Al Furat News} The Minister of Industry and Minerals, Manhal Aziz Al-Khabaz, announced a plan to rebuild and rehabilitate all factories across the country.
In a joint press conference with the Minister of Youth and Sports, Adnan Dorgal and the governor of Nineveh, Najim al-Jabouri, and in the presence of representatives Ahmed al-Jabouri, Thabit al-Abbasi, the mayor of Mosul, Zuhair al-Araji, and the international player Yunus Mahmoud, “al-Khabbas affirmed the“ solidarity and cooperation of the new government to rebuild Iraq Read more…

A deputy talks about the reasons for not attracting Arab and foreign capital: Iraq has become a “repulsive environment”

A deputy talks about the reasons for not attracting Arab and foreign capital: Iraq has become a “repulsive environment”

05/28 2020 11:00

Baghdad today – Baghdad

Member of the Economy and Investment Committee in the House of Representatives, Nada Shaker Jawdat, on Thursday (28 May 2020), spoke about the reasons for not attracting capital to Iraq, while she asked the Presidency of the House of Representatives to present the law of partnership between the state and the private sector to vote in Parliament.

Jawdat said in an interview Read more…

After Allawi’s visit to his country … a former Kuwaiti deputy talks about “exempting Iraq” from debts of $ 3 billion

After Allawi’s visit to his country … a former Kuwaiti deputy talks about “exempting Iraq” from debts of $ 3 billion

05/28 2020 09:27

Baghdad today – follow up

The former Kuwaiti MP, Abdul Hamid Abbas Dashti, revealed, on Thursday (28 May 2020), that his country exempted Iraq from debts amounting to 3 billion dollars, and postponed other payments.

Dashti wrote in a tweet on the Twitter site Read more…

One of them is related to multiple salaries .. Member of Parliamentary Finance puts forward 7 proposals to cover the deficit

One of them is related to multiple salaries .. Member of Parliamentary Finance puts forward 7 proposals to cover the deficit

2020-05-28

Member of Parliamentary Finance Committee Jamal Cougar, on Thursday, presented seven proposals to address the “significant” deficit in the financial budget, including legislation to end the issue of multiple salaries, in addition to borrowing, in addition to reviewing the file Read more…

Saleh and Al-Kazemi assert the speed of completing the cab and Iraq adopting a balanced policy

Saleh and Al-Kazemi assert the speed of completing the cab and Iraq adopting a balanced policy

5/28/2020 14:26

[Baghdad-Where]
President of the Republic Barham Salih received, today, Thursday, at the Peace Palace in Baghdad, Prime Minister Mustafa Al-Kazemi.
A presidential statement stated that “during the meeting, it was stressed the need to expedite Read more…

Report: Russia stretches in the heart of Iraq’s oil, for political reasons

Report: Russia stretches in the heart of Iraq’s oil, for political reasons

5/28/2020 15:25

[Follow-up]
A report by the Oil Price website on energy affairs revealed that Russia is seeking to enhance its oil influence in southern Iraq, in line with the control it has in the Kurdistan region and with the level of influence China has built in the south of the country.
With the Rosneft company, headed by Igor Sechin, very close to Russian President Vladimir Putin, effectively controlling the oil Read more…

Iraqi Dinar Guru opinions 5-27-2020

Iraqi Dinar Guru opinions 5-27-2020

5-27-2020 Newshound/Intel Guru Mnt Goat I quote- “It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation,” noting that “the classes with limited income and those with salaries will be the first affected by this decision”. This was taken right out of an article by Parliamentary Finance Committee member, Ahmed Al-Saffar, on Wednesday (May 20, 2020). I would trust and respect his comments much more than the corrupt parliament member comments (and others) that are coming out that say just the opposite. So relax. This financial crisis could lead to Iraq raising the value of the dinar in the long run. Read more…

Allawi warns of chaos if delaying the early elections

Allawi warns of chaos if delaying the early elections

02:03 – 27/05/2020

Baghdad – Mawazine News,
leader of the National Coalition, Iyad Allawi, warned, on Wednesday, to delay the early elections, while noting that it might lead to chaos.
Allawi said in his tweet on Twitter followed by Mawazine News that “appointments based on quotas in the lowest positions in the Electoral Commission, and the failure to set the date Read more…

Al-Lakash calls Al-Kazemi to schedule the early elections

Al-Lakash calls Al-Kazemi to schedule the early elections

27/5/2020 18:04

Ayna News

Baghdad, the former deputy, Muhammad al-Lakash, called on Prime Minister Mustafa al-Kazimi to set a date for early elections.

Al-Lakash said in a statement, which Wayne received a copy of, that “the Prime Minister of the transitional government should fire a mercy bullet to Parliament by setting a date Read more…

Deputy reveals Gulf countries to make offers to Iraq in exchange for abandoning the import of energy from Iran

Deputy reveals Gulf countries to make offers to Iraq in exchange for abandoning the import of energy from Iran

05/27 2020 14:36

Baghdad today – Baghdad

Member of the Parliamentary Finance Committee, MP Ahmad Mazhar al-Jubouri, affirmed on Wednesday (May 27, 2020) that Gulf countries made offers to dispense with Iranian energy, in exchange for supplying Iraq with that energy.

Al-Jubouri said in an interview Read more…

The exchange rate of the dollar in Iraq today 5-27-2020

The exchange rate of the dollar in Iraq today 5-27-2020

27/5/2020 12:41

[Baghdad-Where]
Foreign currency markets in Iraq recorded, today, Wednesday, a stability in the exchange rate of the US dollar against the Iraqi dinar.
The selling and buying prices of the dollar in banking companies and bureaus came as follows: Read more…

Tomorrow … Resumption of consultations to complete the government and proposals to pass 3 ministries

Tomorrow … Resumption of consultations to complete the government and proposals to pass 3 ministries

5/27/2020 13:23

[Baghdad-Ain]

It is expected that political forces will resume tomorrow, Thursday, their consultations with Prime Minister Mustafa Al-Kazemi regarding the completion of the government.
Al-Kazemi and 6 of his ministers run seven ministries that are still Read more…

Al-Hakim discusses with Allawi the remedies required to confront the financial crisis that Iraq is suffering from

Al-Hakim discusses with Allawi the remedies required to confront the financial crisis that Iraq is suffering from

5/27/2020 16:41

[Baghdad-Ain]

The head of the National Wisdom Stream, Mr. Ammar Al-Hakim, discussed with Minister of Finance Ali Abdul-Amir Allawi the diversification of income sources and reclassification of exchange.
Mr. Hakim said in a statement received Read more…