IRAQI DINAR POLITICS & ECONOMY

Somo: The Kurdistan region has not committed to exporting oil through our company

Somo: The Kurdistan region has not committed to exporting oil through our company

2021-06-04

Today, Thursday, the Director of the National Oil Marketing Company (SOMO), Alaa Al-Yasiri, confirmed that the Kurdistan region has not yet committed to exporting oil through our company, while he expected a rise in oil prices if two things were achieved.

Al-Yasiri said in a television statement, “Iraq’s oil exports currently exceed Read more…

The Minister of Finance is rebelling against Parliament: I will resign and not go to questioning!

The Minister of Finance is rebelling against Parliament: I will resign and not go to questioning!

10:21 – 03/06/2021

Information/Baghdad.

The Parliamentary Finance Committee revealed that Finance Minister Ali Allawi threatened to resign from his position and not to go to Parliament for questioning.

The committee’s rapporteur, Ahmed Al-Saffar, said in an interview that “the information” followed, that “the information we have indicates that the Minister of Finance said that he will resign from his position Read more…

“Without radical reform.” The Washington Institute: The collapse of the state in Iraq is “inevitable.”

“Without radical reform.” The Washington Institute: The collapse of the state in Iraq is “inevitable.”

12:42 – 03/06/2021

The information
A report by the Washington Institute for Near East Policy confirmed, Thursday, that if the current political situation in Iraq continues as it is without fundamental reform, the collapse of the state is inevitable.
The report, which was translated by / the information, stated that “unless there is a continuous decline in oil prices, the collapse of Iraq is likely to be gradual, and Read more…

The Iraqi parliament postpones its session until further notice

The Iraqi parliament postpones its session until further notice

2021-06-03 06:00

Shafaq News/ The Iraqi Council of Representatives decided on Thursday to postpone its session until further notice, after it failed twice during the current week of its session.

And the Presidency of the House of Representatives decided, earlier today, to convert the parliamentary session Read more…

Parliamentary Finance: The state’s resources are inconsistent with its expenditures, and the difference in oil prices will be used for three things

Parliamentary Finance: The state’s resources are inconsistent with its expenditures, and the difference in oil prices will be used for three things

Thursday 3 June 2021 | 02:20

Member of the Parliamentary Finance Committee, Representative Jamal Kougar, confirmed today, Thursday, that the state’s resources are not in line with its expenditures, indicating that the increase in oil prices will be used in three matters .

Cougar said, “The state’s resources Read more…

Security expert Abbas Al-Ardawi: Al-Kazemi enabled America to manage the security file inside Iraq

Security expert Abbas Al-Ardawi: Al-Kazemi enabled America to manage the security file inside Iraq

2021-06-03

Security expert Abbas Al-Ardawi confirmed, on Thursday, that the delay in removing the US forces and delaying the implementation of the decision from the government aims to postpone the elections or create an emergency government.

Al-Ardawi said in a press statement that “the available data indicate that the government is not serious Read more…

A parliamentarian gives advice to the government regarding the price of the dollar

A parliamentarian gives advice to the government regarding the price of the dollar

2021-06-02 | 03:06

Alsumaria News/Baghdad:
A member of the Parliamentary Economy and Investment Committee, Falah Al-Khafaji, warned today, Wednesday, the government and political forces of the danger of manipulating once again the exchange rate of the dollar against the dinar, stressing that involving the people in such adventures and pressure will never be in the interest of anyone.

Al-Khafaji said in an interview with Alsumaria News, “The file of raising the price of the dollar against the dinar, Read more…

In numbers.. Iraq achieves a monthly surplus for the first time since February 2020

In numbers.. Iraq achieves a monthly surplus for the first time since February 2020

02/06/2021 11:29:37

In numbers.. Iraq achieves a monthly surplus for the first time since February 2020
Iraq achieved a monthly surplus in March of 2.1 trillion dinars, the first time since February 2020 that this surplus was achieved.

The Iraq Future Foundation for Economic Studies (a non-governmental organization) said, “The Iraqi state’s revenues for the month of March, according to Read more…

Saleh to the World Bank delegation: Iraq is moving forward towards reforming the national economy and fighting corruption

Saleh to the World Bank delegation: Iraq is moving forward towards reforming the national economy and fighting corruption

06/02/2021 16:51:36

The President of the Republic, Barham Salih, confirmed, on Wednesday, to a delegation from the World Bank that Iraq is moving forward towards reforming the national economy and combating corruption.

His office said in a statement that {Euphrates News} received a copy of it, that “the President of the Republic received, at the Peace Palace in Baghdad, the Vice President of the World Bank Read more…

For fear of protesters storming Parliament, Al-Halbousi prevents questioning the Minister of Finance

For fear of protesters storming Parliament, Al-Halbousi prevents questioning the Minister of Finance

Wednesday 2 June 2021 | 02:36 PM

Today, Wednesday, a well-informed political source revealed that Parliament Speaker Muhammad al-Halbousi prevented the questioning of Finance Minister Ali Allawi, for fear that the minister would reveal dangerous files and documents.

The source said, “The Minister of Finance, Ali Allawi, requested that his questioning be conducted in the Iraqi parliament remotely and from outside Iraq, Read more…

Finance prepares the general budget strategy for the next three years

Finance prepares the general budget strategy for the next three years

Wednesday 2 June 2021 | 05:58 PM

On Wednesday, Minister of Finance Ali Abdul-Amir Allawi chaired the ninth session meeting of the committee for preparing the federal general budget strategy for the medium term 2022-2024. A statement by the ministry, received by “Eye of Iraq News” today, stated that “the meeting was held in the presence of both the Prime Minister’s advisers and Read more…

The government begins preparing the 2022 budget.. What about the dollar exchange rate?

The government begins preparing the 2022 budget.. What about the dollar exchange rate?

2021.06.01 – 09:47

Baghdad – people

The Parliamentary Finance Committee announced, on Tuesday, that the Council of Ministers formed a committee to prepare the draft federal budget law for the year 2022, while making it clear that economic conditions do not help to reverse the decision to raise the price of the dollar.

Committee member Jamal Cougar said in a statement to the official agency, Read more…

Baghdad and Erbil express their readiness to implement the terms of the 2021 budget

Baghdad and Erbil express their readiness to implement the terms of the 2021 budget

Posted, 2021-06-1 10:51

Shafaq News/ The federal and Kurdistan governments expressed, on Monday, their readiness to implement the provisions of the financial budget for the current year 2021.

This came in a meeting between the Minister of Finance of the Kurdistan Region, Awat Sheikh Janab, with the Federal Minister of Finance, Ali Allawi, in the capital, Baghdad, according to a statement issued Read more…

Al-Kazemi: We are determined to proceed with economic reform according to long-term visions

Al-Kazemi: We are determined to proceed with economic reform according to long-term visions

06/01/2021 14:40:24

Prime Minister Mustafa Al-Kazemi discussed, today, Tuesday, with the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhaj, and his accompanying delegation, to strengthen cooperation between Iraq and the World Bank in various programs and fields.

A statement by the Prime Minister’s Office, of which the agency {Euphrates News} received a copy, stated that the two sides discussed Read more…

General Electric: A plan to end the burning of gas associated with oil extraction in Iraq

General Electric: A plan to end the burning of gas associated with oil extraction in Iraq

Tuesday 1 June 2021 | 12:45 pm

The General Electric Company has prepared a plan to end the phenomenon of gas combustion associated with the oil extraction process, while it intends to establish two electric stations, one of which is the largest in Iraq, to ​​add about 2,200 megawatts to the network.

The Executive Director of the company in Iraq, Rashid Al-Janabi, said that the company’s staff have reached the last steps to complete Read more…

Iraq .. high oil revenues and expectations of a decrease in the budget deficit

Iraq .. high oil revenues and expectations of a decrease in the budget deficit

Tuesday 1 June 2021 | 05:34 PM

The Ministry of Oil announced that it achieved revenues of more than five billion and 882 million dollars from the sale of oil for the month of May only, an increase of about 300 million dollars over the revenues of the previous month.
Iraq is awaiting the next meeting of the OPEC group with oil-producing countries outside it, to increase production in light of the great recovery in demand due to the start of life returning to normal due to the increase Read more…

An Iraqi campaign against corruption is hovering around the big heads and does not reach them

An Iraqi campaign against corruption is hovering around the big heads and does not reach them

6-1-2021

On Monday, the Iraqi authorities announced the issuance of fifty-three arrest warrants and summonses against current and former high-ranking officials, including parliamentarians, ministers and governors, on corruption charges.

This measure came as part of what the authorities say is a campaign to curb widespread corruption in the joints of the state, but political and media activists Read more…

A call for an investigation of the rise in the dollar’s price despite the increase in oil revenues

A call for an investigation of the rise in the dollar’s price despite the increase in oil revenues

05/31/2021 08:24:19

A member of the Oil, Energy and Natural Resources Committee in Parliament, Ghalib Muhammad Ali, called for an investigation into the continuous rise in the exchange rates of the dollar, despite the increase in oil revenues.

Muhammad Ali said in a press interview, that Iraq sold its crude oil during the month of May for $ 62, and achieved revenues of about $ 5.5 billion, which is the highest since the end of 2019, noting that these revenues amounted to 8 trillion dinars after being converted into the Iraqi dinar, Read more…

Barzani: Iraq has an opportunity to be one of the most advanced countries in the region, on condition

Barzani: Iraq has an opportunity to be one of the most advanced countries in the region, on condition

05/31/2021 14:05:01

Kurdistan Regional Government Prime Minister Masrour Barzani said today, Monday, that “Iraq is a country rich in human and natural resources, and it has an opportunity to be one of the most advanced countries in the region if there is good governance and good management.”

During his meeting today Read more…

Saudi newspaper: The United Nations called on Al-Kazemi to resign

Saudi newspaper: The United Nations called on Al-Kazemi to resign

12:58 – 30/05/2021

The Information/Baghdad..
The Saudi newspaper, Asharq Al-Awsat , revealed, on Sunday, that the United Nations envoy to Iraq, Jenin Plasschaert, called on Prime Minister Mustafa Al-Kazemi to resign from his position.
And the newspaper said, in a report seen by “The Information”, that “Blaschart did not deny the request of an Iraqi official to submit Read more…