IRAQI DINAR POLITICS & ECONOMY

The Secretary of State announces the meeting with the American ambassador and comments on the withdrawal of 500 soldiers

The Secretary of State announces the meeting with the American ambassador and comments on the withdrawal of 500 soldiers

11/18/2020 15:32

[Baghdad-Where]
Foreign Minister Fouad Hussein announced, on Wednesday, the results of the meeting with the US ambassador yesterday, while noting that the withdrawal of the 500 American soldiers came in consultation between Prime Minister Mustafa Al-Kazemi and US Secretary of State Mike Pompeo.
Hussein said in a press conference, “It was agreed during the meeting Read more…

Al-Kazemi reveals that he was under pressure to release “corruption whales”

Al-Kazemi reveals that he was under pressure to release “corruption whales”

2020-11-17 08:18

Shafaq News / On Tuesday, the Iraqi Prime Minister, Mustafa Al-Kazemi revealed that he was under pressure to release those he called “corruption whales.”

“The people, the religious authority and the political blocs ask me to fight corruption,” Al-Kazemi said in a press conference after heading the weekly meeting of his government in Baghdad.

He added that he faced pressures from unidentified parties after the arrest of a number of corruption Read more…

The 2021 budget will arrive in Parliament next week

The 2021 budget will arrive in Parliament next week

11/17/2020 08:59:07

{Baghdad: Al Furat News} It is hoped that the draft federal budget law for the year 2021 will reach the House of Representatives next week, based on government promises received by the Parliamentary Finance Committee.
Committee member Shirwan Mirza said in a press statement that “the committee is awaiting the arrival of the 2021 budget bill, and upon its arrival it will work to prepare a detailed study on the budget items, address the gaps, if any, and know Read more…

Economist: The decline in the strength of the Iraqi currency as a result of the internal borrowing law

Economist: The decline in the strength of the Iraqi currency as a result of the internal borrowing law

11/17/2020 11:27:04

(Baghdad: Al Furat News) The economist, Manar Al-Obaidi, said today, Tuesday, that the decline in the strength of the Iraqi currency was due to the internal borrowing law
In a statement, Al-Furat News received a copy of it, Al-Obaidi said, “The assets of the Central Bank of Iraq for the month of September decreased by 4.31% compared with the month of August, so that the total assets amounted to 106 trillion dinars compared to 111 trillion dinars Read more…

Soon .. 2,500 high-tech cameras are watching Baghdad

Soon .. 2,500 high-tech cameras are watching Baghdad

11/17/2020 10:14:22

{Baghdad: Al-Furat News} Baghdad Governorate has reported that the capital’s security surveillance project, which includes 2500 modern high-tech cameras, will be opened.
And said the deputy governor of Baghdad , Ali Ithawi in a press statement that ” the project implemented by the province, watched by the Prime Minister personally Mustafa Kazemi, noting that the project will soon be opened, can monitor 90 percent Read more…

Deputy: If the state controls the outlets, you will not need to borrow

Deputy: If the state controls the outlets, you will not need to borrow

11/17/2020 13:14

[Baghdad-Where]
MP for the Al-Sadiqin bloc, Thamer Theban, confirmed, on Tuesday, that the size of Iraq’s losses due to corruption are estimated at billions of dollars annually, indicating that if the government controls the ports, it will not need borrowing.
Theban said, “Iraq annually loses billions of dollars due to corruption Read more…

Representative Finance: The White Paper, a roadmap to maximize revenues and reduce expenditures

Representative Finance: The White Paper, a roadmap to maximize revenues and reduce expenditures

11/17/2020 15:31

[Baghdad-Where]
The Parliamentary Finance Committee confirmed, on Tuesday, that the white paper is a roadmap to maximize revenues and reduce expenditures over the next 3 years, indicating that the government confirmed sending the budget before Read more…

Revenues from border crossings double .. Parliament awaits 12 trillion dinars

Revenues from border crossings double .. Parliament awaits 12 trillion dinars

11/17/2020 10:52

[Baghdad-Where]
Imports of border crossings across the country, with the exception of Kurdistan, have doubled more than five times over the past, according to government statements.
According to experts, moving the file by Prime Minister Mustafa Al-Kazemi, could push the revenues of the ports in the coming months Read more…

Governmental “intentions” to print the Iraqi currency are emerging again, and “finance” is commented

Governmental “intentions” to print the Iraqi currency are emerging again, and “finance” is commented

11/17/2020 15:42

[Baghdad-Where]
The Parliamentary Finance Committee announced, on Tuesday, the intention of the federal government to print the local currency to address the economic crisis, indicating that the Iraqi parliament rejects such trends that cause the collapse of the country’s economy.
Committee member Abdul Hadi Al-Saadawi said, “There is an intention Read more…

Iraq delivers a new batch of compensation to Kuwait … and reveals what remains

Iraq delivers a new batch of compensation to Kuwait … and reveals what remains

11/16/2020 10:26:00

{Baghdad: Al Furat News} According to the United Nations Compensation Committee, at the end of last month, Iraq paid $ 230 million in compensation to the State of Kuwait.
A responsible source in the committee stated in a press statement that “the eighty-seventh session of the committee’s board of directors, which was held last month, expressed its appreciation to the Iraqi government for its continued respect Read more…

Parliamentary Finance comments on the possibility of borrowing again after the 2021 budget approval

Parliamentary Finance comments on the possibility of borrowing again after the 2021 budget approval

11/16/2020 15:40:38

{Baghdad: Al Furat News} The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, confirmed the possibility of resorting to borrowing after the 2021 budget was approved.
Al-Saffar said in an interview with Al-Furat News that “it is hoped that the budget will be sent by the government to Parliament at the end of this month for a vote.”
He added that “in all budgets, there is borrowing, but as a separate Read more…

Text of the decisions of the meeting of the three presidencies on the upcoming elections

Text of the decisions of the meeting of the three presidencies on the upcoming elections

11/16/2020 17:02:01

(Baghdad: Al Furat News) The three presidencies and the President of the Supreme Judicial Council held a meeting today, Monday, in the presence of the head and members of the Independent High Electoral Commission, and the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Plasschaert, to discuss the upcoming elections.
According to the presidential statement, Read more…

A parliamentary warning against seizing Iraq’s balance in the Central Bank and banks

A parliamentary warning against seizing Iraq’s balance in the Central Bank and banks

Monday 16 November 2020 | 03:10 pm

The Parliamentary Finance Committee warned, on Monday, against an international seizure of Iraq’s remaining balance in the central bank and governmental and non-governmental banks, following a government move to print the local currency without Read more…

Representative Finance: Reliance on borrowing is unacceptable

Representative Finance: Reliance on borrowing is unacceptable

11/16/2020 18:56

[Baghdad-Where]
The Parliamentary Finance Committee expressed, on Monday, its refusal to rely on borrowing to solve the financial crisis in the country.
Committee member Thamer Theban said, “The House of Representatives will not pass a new law for borrowing during the next stage, and the passage of the current law took place due to Read more…

Exposing the value of the debts of the mobile phone companies … “You either pay off or leave”

Exposing the value of the debts of the mobile phone companies … “You either pay off or leave”

11/16/2020 13:05

[Baghdad-Where]
The Parliamentary Services and Construction Committee revealed, on Monday, the amount of debts owed by mobile phone companies in favor of the state, confirming that the court’s decision obliges them to pay their debts or terminate their contracts.
On Sunday, the Iraqi judiciary ruled to revoke the renewal Read more…

Al-Kazemi accuses parties of obstructing early elections

Al-Kazemi accuses parties of obstructing early elections

11/16/2020 13:32

[Baghdad-Where]
On Monday, Iraqi Prime Minister Mustafa Al-Kazemi accused unidentified parties of placing obstacles to holding early parliamentary elections.
This came in statements he made during the first regular session of the Council of Entities Read more…

Siemens confirms its intention to end the electricity file in Iraq … and a governmental request for smart meters

Siemens confirms its intention to end the electricity file in Iraq … and a governmental request for smart meters

11/15/2020 14:38:17

{Baghdad: Al Furat News} The Secretary General of the Council of Ministers, Hamid Naim Al-Ghazi, discussed with the delegation of the German company Siemens, steps to improve and develop the electrical network.
The General Secretariat of the Council of Ministers stated in a statement that Al Furat News received a copy of it, that “the Secretary-General of the Council of Ministers, Hamid Naeem Al-Ghazi, discussed with the delegation of the German company Siemens, steps to improve and develop the electrical network Read more…

Economist: two roads for Iraq to bridge the 2021 budget deficit

Economist: two roads for Iraq to bridge the 2021 budget deficit

2020-11-15

Today, Sunday, the economic expert, Mazhar Muhammad Salih, identified two ways for the country to fill the actual deficit in next year’s budget, while noting that borrowing this time will be from individuals.

Saleh said in a press statement that “the large financial surplus of individuals is important in internal investment, and reducing Read more…

Al-Fateh MP Karim Aliwi addressed to Saleh: Where were you, Protector of the Constitution, during the region’s oil smuggling?

Al-Fateh MP Karim Aliwi addressed to Saleh: Where were you, Protector of the Constitution, during the region’s oil smuggling?

Posted, 2020-11-15

Deputy for the Al-Fateh Alliance, Karim Aliwi, was surprised, on Saturday, the method by which the President of the Republic started criticizing the House of Representatives vote on the Financing the Fiscal Deficit Act, addressing him by saying: “Where were you, protector of the constitution and the wealth of the people when the region was fleeing the oil and not bound to hand over the share that owed Read more…

Zain Iraq is surprised by the decision to stop the procedures for deploying 4G services, describing it as unfair and catastrophic

Zain Iraq is surprised by the decision to stop the procedures for deploying 4G services, describing it as unfair and catastrophic

11/15/2020 16:15

[Baghdad-Where]
Zain Iraq confirmed, on Sunday, that the decision of the Court of First Instance of Al-Karkh today is unfair and disastrous against the Iraqis and the Iraqi economy, surprising this insistence on delaying the deployment of fourth generation services, which will represent an obstacle in the acceleration of Iraq’s keeping pace with technological development while the fifth generation is deployed In the countries of the world Read more…