IRAQI DINAR POLITICS & ECONOMY

Parliamentary Finance: The government was late in sending the 2021 budget to Parliament

Parliamentary Finance: The government was late in sending the 2021 budget to Parliament

10/22/2020 08:25:03

{Baghdad: Al Furat News} A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Thursday, that the Financial Management Law requires that the draft federal budget for 2021 be sent in the middle of this October.
Cougar said in a press statement that “the government has only sent the deficit financing law and the 2020 budget bill, and we believe it wants to pass Read more…

Parliamentary Finance responds to Mullah Talal’s statement: bankruptcy and failure to secure salaries

Parliamentary Finance responds to Mullah Talal’s statement: bankruptcy and failure to secure salaries

10/22/2020 18:01:13

{Baghdad: Al Furat News} The Parliamentary Finance Committee responded, on Thursday evening, to the statement of Prime Minister Ahmed Mulla Talal’s spokesman, regarding linking the distribution of employees’ salaries to the House of Representatives vote on the fiscal deficit law.
A member of the committee, Ahmed Al-Hajj, told Al-Furat News that “Mulla Talal’s statement expresses the bankruptcy of the current government or is intended to create a crisis Read more…

Parliamentary Finance sets conditions for voting on the borrowing law

Parliamentary Finance sets conditions for voting on the borrowing law

10/22/2020 11:49

[Baghdad-Where]
The Parliamentary Finance Committee has set a condition for voting on the borrowing law, revealing the amount of money in the 2020 budget, confirming that the delay in employee salaries is a dangerous precedent that affected 15 million Iraqis.
Committee member Jamal Cougar said in a press statement, today, Read more…

MP: Parliament faces a more difficult dilemma than the election law

MP: Parliament faces a more difficult dilemma than the election law

10/22/2020 12:52

[Baghdad-Where]
Representative of the State of Law coalition, Kata’a al-Rikabi, said that Parliament faces a more difficult dilemma than the election law and the disputes surrounding it.

Al-Rikabi said in a press statement, “There is an agreement to settle the new election law and disputes about it during Read more…

A close associate of Al-Amiri detonates it: Iraq will witness the formation of its second region very soon

A close associate of Al-Amiri detonates it: Iraq will witness the formation of its second region very soon

10/22/2020 15:51

[Baghdad_Where]
Al-Fateh Alliance, led by Hadi Al-Amiri, revealed on Thursday the existence of a movement that he described as effective and strong that might lead to announcing the formation of the Sunni region, and pointed out that this region will be supported by the United States.
The al-Farhati massacre and the Anbar reconstruction revolution Read more…

Baghdad and London agree to more cooperation in three areas

Baghdad and London agree to more cooperation in three areas

10/22/2020 16:20

[Baghdad-Where]
Prime Minister Mustafa Al-Kazemi met, today, Thursday, in the British capital, London, British Prime Minister Boris Johnson, as part of his European tour that also included France and Germany.
A statement issued by Al-Kazemi’s media office stated that the meeting discussed Read more…

Statement of the Ministry of Finance

Statement of the Ministry of Finance

10/21/2020 14:05:04

{Baghdad: Al Furat News} The Ministry of Finance issued a statement today, Wednesday, regarding the economic reform and the reform paper.
According to a statement, the Euphrates News Agency received a copy of it, “within the framework of the Ministry of Finance’s continuous endeavor and based on its responsibility to reform the current economic and financial reality, the ministry, through the visions that the financial reform paper Read more…

Parliamentary Finance reveals the reason for removing the names of banks from the currency auction

Parliamentary Finance reveals the reason for removing the names of banks from the currency auction

10/21/2020 18:18:33

{Baghdad: Al Furat News} The Parliamentary Finance Committee revealed, on Wednesday evening, the reason for removing the names of banks and banks from the auction of currency sale to the Central Bank.
A member of the committee, Ahmed Al-Hajj, told Al-Furat News that “the central bank cannot delete the names of banks from the currency window without Read more…

A new expectation in disbursing the current month’s salary

A new expectation in disbursing the current month’s salary

10/21/2020 12:30:55

{Baghdad: Al Furat News} The Director of the Office of Financial Supervision {Previous}, Salah Nouri, expected a delay in paying salaries for the current month of October.
“The salaries will be delayed as the previous month, and for the same reasons and controversy between the House of Representatives and the Ministry of Finance, they did not specify a time, but the personal opinion Read more…

Parliamentary accusations against Baghdad and Erbil of “fabricating” the financial crisis in Iraq

Parliamentary accusations against Baghdad and Erbil of “fabricating” the financial crisis in Iraq

Wednesday 21 October 2020 | 03:28 PM

On Wednesday, a member of the Parliamentary Economic Committee, Representative Intisar Al-Mousawi, accused Baghdad and Erbil of fabricating the financial crisis in Iraq .

Moussawi said that “the financial crisis in Iraq is fabricated and came as a result of the cooperation of the central government Read more…

Iraq possesses important documents on money smuggling abroad

Iraq possesses important documents on money smuggling abroad

2020-10-21

The head of the Change Bloc in the House of Representatives, Yusuf Muhammad, admitted, on Wednesday, the existence of important judicial and banking documents on smuggling Iraqi funds abroad through spoilers, expecting that their value would reach tens of billions of dollars.

“It is imperative that the authorities take strict measures Read more…

Al-Sadr coalition discloses that political blocs deliberately obstructed the elections law, because they were not held

Al-Sadr coalition discloses that political blocs deliberately obstructed the elections law, because they were not held

10/21/2020 17:05

[Baghdad-Where]
Riyadh Al-Masoudi, deputy of the “Sairoun” coalition supported by the leader of the Sadrist movement, Muqtada al-Sadr, said on Wednesday that political blocs (he did not name them) intentionally obstruct the decision of districts and approved the election law for the purpose of postponing it Read more…

Al-Kazemi: We are looking for financial support to organize fair elections and security and military cooperation with Germany

Al-Kazemi: We are looking for financial support to organize fair elections and security and military cooperation with Germany

20/10/2020 17:27

[Baghdad-Where]
The Iraqi Prime Minister, Mustafa Al-Kazemi, said on Tuesday that he aspires to conclude understandings and strengthen cooperation with Germany, which he is visiting as part of a European tour.
Al-Kazemi said in a joint press conference with German Chancellor Angela Merkel, “We came to Berlin to confirm Read more…

Al-Kazemi reassures French companies: the anti-corruption campaign has begun to bear fruit

Al-Kazemi reassures French companies: the anti-corruption campaign has begun to bear fruit

Posted, 10/20/2020 19:56

[Baghdad-Where]
Prime Minister Mustafa Al-Kazemi confirmed to a number of French company heads on Monday that Iraq has “already” embarked on a campaign to confront and encircle administrative corruption, reassuring them that the campaign is bearing fruit.
Al-Kazemi said in a statement, that Read more…

Parliamentary Finance: No income tax on salaries

Parliamentary Finance: No income tax on salaries

08:51 – 10/19/2020

BAGHDAD – Mawazine News
The Finance Committee in Parliament confirmed, on Monday, that the government cannot apply income tax on salaries and allowances without a law.
Committee member Ahmed Haji Rashid said, “There are allegations that the government intends to apply the income tax law to the total salary since the current month of October, as the Ministry of Finance Read more…

Al-Kazemi to his French counterpart: The government seeks to restore Iraq to its international status

Al-Kazemi to his French counterpart: The government seeks to restore Iraq to its international status

10/19/2020 13:08:16

(Baghdad: Al Furat News) Prime Minister Mustafa Al-Kazemi began his first talks on Monday morning in the French capital, Paris, with his meeting with French Prime Minister Jean Castex, in the presence of a number of ministers from the two countries.
“During the meeting, ways to develop bilateral relations between the two countries and strengthen them in the economic, investment, security and health fields were discussed, and the situation Read more…

France confirms its readiness to develop banking relations with Iraq

France confirms its readiness to develop banking relations with Iraq

10/19/2020 16:16

[Baghdad-Where]

The governor of the French Central Bank, on Monday, expressed his full readiness to develop banking relations with Iraq.
The media office of the governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, said in a statement. The latter met his French counterpart within the framework of the visit that will include three Read more…

Al-Kazemi’s European tour … financial and political support to pull Iraq out of its crises

Al-Kazemi’s European tour … financial and political support to pull Iraq out of its crises

10/19/2020 17:26

[Baghdad-Where]
On the first European tour to enhance economic and security cooperation, Prime Minister Mustafa Al-Kazemi met with French President Emmanuel Macron, today, Monday, and he will meet with senior officials in Britain, and also in Germany.
Al-Kazemi headed a government delegation accompanying him for a period of 4 days, to mobilize support Read more…

Against the background of the White Paper … a parliamentary call to dismiss the Ministers of Finance and Planning

Against the background of the White Paper … a parliamentary call to dismiss the Ministers of Finance and Planning

06:47 – 10/18/2020

Baghdad – Mawazine News
MP for the Al-Sadiqoun Bloc, Uday Awad, called on Sunday to dismiss the Ministers of Finance and Planning in the government of Prime Minister Mustafa Al-Kazemi, after they presented the white paper.
Awad said, according to his mass media, that “the Minister of Finance put forward theories far from the economic reality in Iraq, and this matter is wrong and will not solve the current crisis,” noting that “the ministers of finance and planning are supposed Read more…

Finance Minister shows the goal of the “white paper”

Finance Minister shows the goal of the “white paper”

10/18/2020 09:51:44

{Baghdad: Al-Furat News} The Minister of Finance, Ali Allawi, stated that the reform paper {the white paper} “diagnosed with a scientific and objective vision the economic and financial problems that have accumulated over decades and that were not the result of the current stage due to wrong policies that were tired in the past.”
Allawi said in a press release that the Euphrates News Agency received a copy of it, that “these problems and cracks are a real challenge that can be overcome Read more…