IRAQI DINAR POLITICS & ECONOMY

Al-Kazemi’s financial advisor reveals proposals to establish a sovereign wealth fund

Al-Kazemi’s financial advisor reveals proposals to establish a sovereign wealth fund

02/03/2021 07:58:49

{Baghdad: Al Furat News} The financial advisor to the prime minister, Mazhar Muhammad Saleh, revealed positive proposals to establish a sovereign wealth fund in which funds equivalent to the current compensation for the Kuwait war would be deposited, in line with the white reform paper.
Saleh said in a press interview, “We have positive ideas and proposals to establish Read more…

Al-Suhail: Delaying the approval of the budget is unacceptable and has negative repercussions for the country

Al-Suhail: Delaying the approval of the budget is unacceptable and has negative repercussions for the country

03/02/2021 11:44:56

(Baghdad: Al Furat News) The head of the Iraqi bloc, Hisham Al-Suhail, confirmed today, Tuesday, that delaying the approval of the state budget for the current year is unacceptable and has negative repercussions on the reality of the country.
Al-Suhail said in a statement that Al-Furat News received a copy of, that “the delay also does not serve the work of the legislative parliament, which must expedite Read more…

Al-Kazemi: We succeeded in stopping the collapse of the country, economically and financially

Al-Kazemi: We succeeded in stopping the collapse of the country, economically and financially

3/2/2021 16:17

[Baghdad-Where]
Prime Minister Mustafa Al-Kazemi called on the ministers not to repeat the mistakes of previous governments in dealing with strategic files.
Al-Kazemi said during the cabinet session today, Tuesday, “The ministers must not repeat the mistakes of previous governments in dealing with strategic files, and not to deal with bureaucracy with these issues, which leads to Read more…

Al-Kazemi announces a rise in cash reserves by 4 billion dollars

Al-Kazemi announces a rise in cash reserves by 4 billion dollars

3/2/2021 16:36

[Baghdad-Where]
The Prime Minister, Mustafa Al-Kazemi, announced, on Tuesday, an increase in cash reserves, by $ 4 billion.
Al-Kazemi said, during the cabinet session, that “there is a veneration of the cash reserves, which increased Read more…

Prompt In the picture … a fist fight between two deputies in today’s session

Prompt In the picture … a fist fight between two deputies in today’s session

03/2021/01 18:52:59

{Baghdad: Al Furat News} Two deputies clashed fists in the parliament session today
A correspondent of the Evert News Agency said, “Representatives have tangled in the House of Representatives by throwing shoes and Read more…

Deputy: Iraq is the only country where discussion of the budget continues for four months and more !!

Deputy: Iraq is the only country where discussion of the budget continues for four months and more !!

03-01-2021 11:09 AM

A member of the Parliamentary Economic and Investment Committee, Nada Shaker Jawdat, said today, Monday, that Iraq is the only country in which the budget debate continues for four months and more, pointing out that the Kurds are the ones who caused this delay, while she explained that this delay is costing Iraq billions.

“Postponing the approval of the budget is costing Iraq billions and prevents Read more…

Saleh: The government may not need borrowing for this reason

Saleh: The government may not need borrowing for this reason

2021-03-01

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Monday, that the difference in the price of a barrel of oil in the budget goes to fill the deficit, and the government may not need to borrow, indicating that developing a supplementary budget remains according to the government’s need.

Saleh said in a dialogue that “the budget was built Read more…

Parliamentary services reveal the imminent construction of 14 modern cities … and those included

Parliamentary services reveal the imminent construction of 14 modern cities … and those included

1/3/2021 15:38

[Baghdad-Where]
A member of the Parliamentary Services and Reconstruction Committee revealed, today, Monday, that (14) modern cities will be constructed in all governorates, with 550 thousand housing units for those with limited income.
Al-Mamouri said in a statement, “The Parliamentary Services and Reconstruction Committee held an expanded meeting at its headquarters, in the presence of the Minister of Construction Read more…

{Al Furat News} publishes the most prominent articles and paragraphs that were included in the 2021 budget

{Al Furat News} publishes the most prominent articles and paragraphs that were included in the 2021 budget

02/28/2021 01:38:15

{Baghdad: Al Furat News} Our agency publishes the most prominent articles and paragraphs that were included in the federal budget for the fiscal year 2021 and which it is hoped to vote on this week.
The following are the most prominent paragraphs included in the 2021 budget: Read more…

Faily: More than 6 billion dollars in abundance has been achieved without any increase in the central bank’s reserves

Faily: More than 6 billion dollars in abundance has been achieved without any increase in the central bank’s reserves

Sunday 28 February 2021 | 12:17 PM

Today, Sunday, a member of the Parliamentary Economic Committee, Mazen El-Faily, confirmed that there has been an abundance of dollars at more than 6 billion without any increase in the Central Bank’s reserves.

Al-Faily said in a press statement that “the data and figures indicated that the state’s monthly revenues from selling oil exceeded (4 billion dollars), while the Central Bank’s sales during the same period did not reach more than Read more…

The National Approach bloc sets 40 points for accepting the budget: We will boycott the vote in this case

The National Approach bloc sets 40 points for accepting the budget: We will boycott the vote in this case

Saturday 27 February 2021 | 12:47 PM

On Saturday (28 February 2021), the National Approach bloc presented 40 points for the current year’s budget, while it threatened to boycott the vote if the points were not applied.

1. Restoring the exchange rate to what it was previously, as the damages of this decision became clear early, and the Finance Committee suggested allocating (500) billion dinars in compensation Read more…

Source: Political dialogues to postpone the Iraqi elections again to 2022

Source: Political dialogues to postpone the Iraqi elections again to 2022

2021-02-27

Today, Saturday, an Iraqi political source revealed that there are political dialogues to postpone the Iraqi elections again to 2022.

The source said, “The elections may be postponed again due to many circumstances, including the economic situation, the incomplete preparations for them, as well as Read more…

During the past week … Iraqi oil exports to America have declined to zero

During the past week … Iraqi oil exports to America have declined to zero

02/27/2021 13:04

[Follow-up]
The US Energy Information Administration revealed, on Saturday, that Iraqi oil exports to America had declined to zero during the past week.
The administration said in a report published on its official website, today, that “America did not import crude oil from Iraq during the past week compared to the previous week, Read more…

Ministry of Finance: Iraq internationally maintains its credit rating

Ministry of Finance: Iraq internationally maintains its credit rating

02/26/2021 15:18:55

{Baghdad: Al Furat News} The Ministry of Finance announced, today, Friday, that Iraq has maintained its global credit rating at {-B} with an emphasis on financial and economic stability, according to the international agency Standard and Poor’s {S&P}.
“The Minister of Finance, Ali Allawi, participated in a panel discussion to discuss economic and financial developments and the credit rating of Iraq Read more…

The first Kurdish response to the draft oil and gas bill

The first Kurdish response to the draft oil and gas bill

02/26/2021 08:57:03

{Baghdad: Al-Furat News} The Kurdish bloc commented on the Oil Ministry’s announcement to send the final draft of the oil and gas bill to the Council of Ministers.
A member of the Kurdish Change Bloc, Amin Bakr, said in a press statement: “Despite the talk on the part of the political blocs and parties about the new oil and gas law, and that it may be the solution to all problems Read more…

An Iraqi port achieves the highest financial revenues within months

An Iraqi port achieves the highest financial revenues within months

02/26/2021 17:20:49

{Baghdad: Al Furat News} The Ministry of Transport / The General Company for Iraqi Ports announced that Khor Al-Zubair Port has achieved good financial revenues compared to previous months, as the port berths received a large number of oil tankers working for the SOMO company to export oil derivatives, in addition to receiving commercial ships loaded Read more…

Parliamentary Finance: The Council of Ministers did not respond to the parliamentary budget amendments

Parliamentary Finance: The Council of Ministers did not respond to the parliamentary budget amendments

2/26/2021 15:49

[Baghdad-Where]
The Parliamentary Finance Committee denied today, Friday, setting a date for voting on the General Budget Law for 2021, while noting that the Council of Ministers did not respond to parliamentary amendments to the Budget Law.
Committee member Ahmed Hajj Rashid said, “The reports that talk about setting a date for voting on the budget law Read more…

Al-Kazemi calls the Saudi crown prince

Al-Kazemi calls the Saudi crown prince

2/26/2021 16:35

[Baghdad-Where]
Prime Minister Mustafa Al-Kazemi made a phone call to Saudi Crown Prince Mohammed bin Salman.
The Saudi Press Agency [SPA] said that Al-Kazemi “reassured the Crown Prince’s health, asking God to make him enjoy health and wellness.”
“While the Crown Prince expressed his thanks and appreciation Read more…

Prompt A surprise announcement by the Ministry of Oil of the draft oil and gas law

Prompt A surprise announcement by the Ministry of Oil of the draft oil and gas law

02/25/2021 00:01:44

{Baghdad: Al Furat News} The Minister of Oil, Ihssan Abdul Jabbar, announced that the meeting of the Opinion Committee in the ministry, which was held on Wednesday, included discussion and review of the final version of the federal oil and gas law.
In a statement, Al-Furat News Agency received a copy of it, Abdul-Jabbar affirmed that “this copy will be referred to the Council of Ministers for approval Read more…

Al-Bakhati: We lose 600 million dollars a month due to the Central Auction, and we insist on questioning the governor

Al-Bakhati: We lose 600 million dollars a month due to the Central Auction, and we insist on questioning the governor

Posted, 02/25/2021 23:13:02

{Baghdad: Al Furat News} The representative of the Iraqi coalition, Jasim Al-Bakhati, confirmed the coalition’s insistence on questioning the governor of the Central Bank of Iraq, {Mustafa Ghaleb} in the House of Representatives due to charges and corruption files, most notably the currency auction of the bank.
Al-Bukhati said on the “Aalimstara” program broadcast by the Al-Furat satellite channel this evening, “If the fiscal budget for 2021 is approved, parliament will Read more…