IRAQI DINAR POLITICS & ECONOMY

Al-Kazemi government reveals: A rise in the price of a barrel of oil to 75 dollars can address the deficit

Al-Kazemi government reveals: A rise in the price of a barrel of oil to 75 dollars can address the deficit

Wednesday 17 February 2021 | 09:33 am

Mazhar Muhammad Salih, the financial advisor to the Prime Minister, said that the rise in the price of one barrel of oil to $ 75 can address the fiscal deficit in the federal budget for 2021 .

The semi-official Al-Sabah newspaper quoted Saleh as saying that “the break-even point or balance in the budget requires that the average price Read more…

Finance Committee: No official date has been set for the budget vote

Finance Committee: No official date has been set for the budget vote

2/17/2021 15:10

[Baghdad-Where]
The Parliamentary Finance Committee confirmed, on Wednesday, that there is no official date for voting on the budget.
The deputy of the committee, Sherwan Mirza, said, “The delegation of the region and the Kurdish blocs is waiting for the Shiite parliamentary blocs to present Read more…

The Council of Ministers votes to invest 7 solar plants to generate clean energy

The Council of Ministers votes to invest 7 solar plants to generate clean energy

2/16/2021 18:55

[Baghdad-Where]
The Council of Ministers voted, on Tuesday, to invest 7 solar electric plants to generate clean energy in Iraq.
The spokesman for the Council of Ministers, Minister of Culture, Hassan Nazim, said at the weekly press conference, “The Council of Ministers voted to invest 7 solar electric plants Read more…

Al-Kazemi: The terrorist act that targeted the region aims to create chaos and shuffle the cards

Al-Kazemi: The terrorist act that targeted the region aims to create chaos and shuffle the cards

02/16/2021 15:45:53

(Baghdad: Al Furat News) Prime Minister Mustafa Al-Kazemi said that “the terrorist act that targeted the Kurdistan region aims to create chaos and shuffle the cards,” referring to the bombing of Mahtab, Erbil International Airport and its approaches, Monday evening, which resulted in casualties.
Al-Kazemi said during the cabinet session today, “This terrorist act comes with the great efforts Read more…

Punitive reveals: Dollar speculation with corrupt banks cost the state a trillion dinars a month

Punitive reveals: Dollar speculation with corrupt banks cost the state a trillion dinars a month

Tuesday 16 February 2021 | 01:56 PM

Member of the Parliamentary Legal Committee, Hussein Al-Aqabi, revealed, on Tuesday, that Iraq had lost a trillion dinars as a result of speculation adopted by corrupt private banks after the conflicting news about the price of the dollar, indicating that the only solution is to return the dollar to its current price .

“We call on the judiciary and the public prosecutor to open a file Read more…

Representative economy: the difference in the exchange rate of the dollar against the dinar will be used to bridge the financial gap

Representative economy: the difference in the exchange rate of the dollar against the dinar will be used to bridge the financial gap

Tuesday 16 February 2021 | 09:47 am

A member of the Parliamentary Economic and Investment Committee, Hamed Al-Mousawi, confirmed that the difference in the exchange rate of the dollar against the dinar will be used to bridge the financial gap, pointing out that the state is going towards supporting the private sector to attract the largest number Read more…

Representative economics calls for amending an article related to companies in the budget

Representative economics calls for amending an article related to companies in the budget

2/16/2021 15:39

[Baghdad-Where]
Member of the Parliamentary Economic Committee, Mazen Al-Faily, demanded, on Tuesday, to amend an article from the General Budget Law for the current year related to public companies.
Al-Faili said in a statement: “We call for the amendment of the Finance Committee’s proposal to Article (31) of the General Budget Law, which concerns Read more…

Nine parliamentary proposals on the budget law

Nine parliamentary proposals on the budget law

2/16/2021 15:07

[Baghdad-Where]
The head of the parliamentary government program monitoring committee, Hazem Al-Khalidi, presented, on Tuesday, a group of observations on the draft budget law.
The remarks are as follows:
First: We reject the proposal of the Finance Committee that bears the citizens of residential neighborhoods where there is no electricity Read more…

Parliamentary Finance identifies two options for calculating the rise in a barrel of oil in the 2021 budget

Parliamentary Finance identifies two options for calculating the rise in a barrel of oil in the 2021 budget

02/15/2021 17:56:08

{Baghdad: Al Furat News} The Parliamentary Finance Committee identified, on Monday, two options for calculating the rise in the price of a barrel of oil in the federal budget for 2021.
A member of the committee, Faisal Al-Issawi, said {to Euphrates News} that “it is possible to reformulate the budget after the rise in a barrel of oil Read more…

Parliamentary committee: The goal of devaluing the dinar has not been achieved

Parliamentary committee: The goal of devaluing the dinar has not been achieved

Monday, February 15, 2021 | 11:06 AM

Anam Al-Khuzai, a member of the Parliamentary Government Program Monitoring Committee, promised Monday (February 15, 2021) that the allegations of revitalizing the national product by reducing the value of the dinar had not been fulfilled despite the passage of two months after the reduction of the national currency, while she warned that maintaining the reduced price would lead to waves Read more…

Next Thursday is the date for the vote on the budget law

Next Thursday is the date for the vote on the budget law

Monday, February 15, 2021 | 12:11 PM

The Parliamentary Finance Committee set, on Monday, the end of this week, the date for voting on the General Budget Law for the year 2021, while indicating the continuing disagreements over the share of the Kurdistan Region and not resolving them .

Committee member Jamal Cougar said, “The Parliamentary Finance Committee has resolved all problems Read more…

State of law: We will not allow the passage of Kurdistan’s share of the budget except under these conditions

State of law: We will not allow the passage of Kurdistan’s share of the budget except under these conditions

2/15/2021 10:39

[Baghdad-Where]
The State of Law Coalition confirmed, on Monday, that no agreement will be allowed for the Kurdistan Region’s share of the budget after the region’s delivery of oil and other revenues.
The deputy for the coalition, Mansour Al-Baiji, stressed in a statement. Not to allow any party trying to agree on the Kurdistan region’s share of the budget Read more…

An increase in Iraq’s oil exports to America to reach 114 thousand barrels per day

An increase in Iraq’s oil exports to America to reach 114 thousand barrels per day

2021-02-14 23:31

Shafaq News / The US Energy Information Administration announced, on Sunday, that Iraqi oil exports to America rose to 114 thousand barrels per day during the past week.

The administration said in a report seen by Shafaq News: “The average US imports of crude oil during the past week from seven countries Read more…

Parliamentary Finance holds its 46th meeting to discuss the draft budget

Parliamentary Finance holds its 46th meeting to discuss the draft budget

02/14/2021 12:24:51

{Baghdad: Al Furat News} Today, Sunday, the Parliamentary Finance Committee held its 46th meeting, in which it will resume its discussions on the draft federal budget bill for 2021.
In a brief statement, the Euphrates News received a copy of it, the Media Department stated that “the Parliamentary Finance Committee held its 46th Read more…

Tomorrow .. The launch of the services of the national Internet project in Iraq

Tomorrow .. The launch of the services of the national Internet project in Iraq

02/14/2021 11:52:54

{Baghdad: Al Furat News} The services of the National Internet Project will actually begin in Iraq on Monday.
The project’s media invited the media to attend the press conference at the Babylon Hotel in Baghdad to announce the actual launch of its services.
Specialists say that “the project will help provide stable internet capacities for the Iraqi citizen, as it guarantees the largest network of infrastructure in the Middle Read more…

Budget 2021 .. Agreement to include a paragraph to increase the capital of government banks

Budget 2021 .. Agreement to include a paragraph to increase the capital of government banks

2/14/2021 15:59

[Baghdad-Where]
The Parliamentary Economic and Investment Committee announced today, Sunday, the agreement to include a paragraph to increase the capital of government banks in the draft federal budget law for the fiscal year 2021.
The committee stated in a statement that it “hosted, in the presence of the First Deputy Speaker of Parliament, Hassan Karim Al Kaabi, directors of government banks and a representative of the Central Bank of Iraq to discuss the mechanism Read more…

Parliamentary Finance suggests passing the budget next Tuesday

Parliamentary Finance suggests passing the budget next Tuesday

2021-02-14

The Parliamentary Finance Committee suggested passing the budget next Tuesday, after resolving the dispute over the region’s share within the next 48 hours and fixing it in the budget.

Committee member Ahmed Hama said in statements, that “all the articles and paragraphs of the budget Read more…

Similar to the borrowing law .. Parliamentary finances threaten to vote on the budget without the Kurds

Similar to the borrowing law .. Parliamentary finances threaten to vote on the budget without the Kurds

2021-02-13 01:39

Shafaq News / The Finance Committee in the Iraqi Parliament set today, Saturday, a deadline for resolving the dispute between Baghdad and Erbil over the 2021 budget, threatening to vote on the budget without Kurdish representatives, along the lines of the borrowing law.

A member of the committee, Thamer Theban, told Shafaq News, “Until the moment, there is no agreement Read more…

Legal settles the debate over the possibility of filing a lawsuit against the Central Bank to restore the exchange rate

Legal settles the debate over the possibility of filing a lawsuit against the Central Bank to restore the exchange rate

Saturday 13 February 2021 | 09:17 am

The head of the Jurists Union in Diyala, Hussein Al-Taie, resolved, on Saturday, the controversy over the possibility of filing a lawsuit against the Central Bank to restore the dollar’s ​​exchange rate to what it was .

Al-Taie said, “Determining the value of the exchange rate for the dollar in front of the dinar is Read more…

In the budget law .. Parliamentary warnings about articles that allow the acquisition of state land

In the budget law .. Parliamentary warnings about articles that allow the acquisition of state land

2/13/2021 10:25

[Baghdad-Where]
Members of the House of Representatives warned, on Saturday, that not deleting two articles in the 2021 budget could open the door to manipulation, fraud and corruption on the state’s lands.
In an interview with the official newspaper, Read more…