Iraqi News Highlights Wednesday Afternoon 11-30-22
Tlm724 Administrator Bondlady’s Corner
Appointment of Hazem Al-Khalidi as an advisor to the Prime Minister for follow-up on the implementation of the government program
Wednesday 30, November 2022 12:00 | political Number of readings: 326 Baghdad / NINA / – The Prime Minister, Muhammad Shia’a Al-Sudani, issued an order to appoint Hazem Al-Khalidi as an advisor to the Prime Minister for follow-up affairs on the implementation of the government program.
It is noteworthy that Al-Khalidi was the head of the Committee for Monitoring the Implementation of the Government Program and Strategic Planning in the previous parliamentary session of the House of Representatives./ Ended 9 https://ninanews.com/Website/News/Details?Key=1017281
An Agreement Between Baghdad And Erbil To Form Joint Technical Committees To Consider Outstanding Issues
Money and business Economy News – Baghdad On Wednesday, the Ministry of Planning announced an agreement to form joint technical committees to consider outstanding issues between Baghdad and Erbil.
The ministry said in a statement, “The Diwani Order Committee 22151 for the year 2022, headed by the Deputy Prime Minister – Minister of Planning, Muhammad Ali Tamim, and in charge of resolving outstanding issues with the Kurdistan Region, held its first meeting today in Baghdad, in the presence of a delegation of the Kurdistan Region of Iraq headed by the Minister of Planning.” In the region, Dar Rashid Mahmoud.
The statement added, “During the meeting, which was dominated by a positive atmosphere, outstanding issues between the two sides were raised, especially the oil and gas law, the budget, and other issues.”
And he continued, “It was agreed that the outstanding issues be dealt with, in accordance with what was stipulated in the Iraqi constitution, and the ministerial platform of the government of Prime Minister Muhammad Shia’a al-Sudani, which was voted on by the House of Representatives.”
He pointed out that “the meeting resulted in the formation of joint technical committees to consider all the issues that the committee will discuss, provided that meetings and joint meetings continue during the coming days, in order to reach radical solutions to all these issues.”
Views 25 Added 11/30/2022 – 3:38 PM Updated 11/30/2022 – 5:13 PM
https://economy-news.net/content.php?id=31111
Anti-Corruption Commission: We Arrested The Former Head Of The Parliamentary Finance Committee
Today, Wednesday, the Supreme Commission for Combating Corruption announced the implementation of the arrest warrant issued against the head of the Parliamentary Finance Committee for the previous session and the former advisor in the prime minister’s office. Charged with money laundering and illegal gain.
And a statement by the commission stated, “The commission was able to implement the arrest warrant issued by the criminal investigation judge, who is specialized in examining the cases of the Supreme Anti-Corruption Commission, against the head of the Parliamentary Finance Committee for the previous session and the former advisor in the prime minister’s office, due to charges related to the inflation of his money and its enrichment at the expense of public money.”
The statement stated, “The arrest warrant came as a result of the investigation and investigation of the accused’s money, which was conducted by the Prevention Department in the Federal Integrity Authority, on the values of real estate and wheels, and the quantities of gold belonging to him, in addition to loans and his salary as an advisor to the former prime minister, which concluded that there was inflation.” In his money, it is estimated at (16,157,291,000) dinars.
He pointed out that Article (19/Second) of the amended Integrity and Illegal Gain Commission Law No. (30 of 2011) included the imposition of a prison sentence of no less than seven years and a fine equivalent to the value of the illegal gain on each taxpayer mentioned in Article (16/). First) From the law, he failed to prove the legitimate reason for the large increase in his money, his wife’s money, or his children’s money, provided that the convicts are not released except after paying the amount of the fine and returning the value of the illegal gain.+ https://www.radionawa.com/all-detail.aspx?jimare=32372
The Finance Committee Expects The Size Of The Federal Budget And The Percentage Of Its Completion
Wednesday, November 30, 2022 9:47 am Baghdad / National News Center Today, Wednesday, the Parliamentary Finance Committee expected the size of the federal financial budget for the year 2023 and its deficit percentage.
Committee member Jamal Cougar said, in a press statement, that: “The budget for next year 2023 ranges from 100 to 120 billion dollars, in light of oil prices in the current global markets.”
He explained that “after the decline in oil prices in global markets, the budget amounts will decrease as well,” expressing his belief that “the budget will be between 100 to 120 billion dollars.”
As for the expected deficit in the next budget 2023, Cougar indicated that “according to the Financial Management Law, no more than 7.5 billion dollars are allowed, given that it is 3% percent of the national product, and the national product is estimated at about 250 billion dollars.”
He pointed out that “on the fifteenth of next December, we will enter the legislative season recess, so the budget should be sent before this date to Parliament, so that we can read it first, and then a second reading after three days, and the parliament enters into a legislative recess, and we as representatives In the Finance Committee, we will enter into our discussions.”
It is noteworthy that Prime Minister Muhammad Shia Al-Sudani directed in two ministerial meetings during this month the need to expedite the completion of the 2023 budget bill and send it to the House of Representatives for approval.
He stressed “the importance of the budget being at the level of ambition, and that it puts in its priorities meeting the needs of citizens in terms of services, as well as taking it upon itself to effectively address the problem of electricity shortages, which greatly affected the life of citizens and the economic sectors in the country.” https://nnciraq.com/168533/
Dollar Exchange Rates In The Local Markets
Economie| 11/30/2022 Baghdad – Mawazine News The exchange rates of the dollar witnessed, today, Wednesday, a slight decrease in the local stock exchange. Selling price: 149,450 dinars per 100 dollars Buying price: 149,350 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=212811
A New High In Oil Prices
Economie| 08:44 – 11/30/2022 Follow-up – Mawazine News Oil prices rose in early Asian trading, on Wednesday, with a decrease in US crude stocks, but fears that OPEC + will keep production policy unchanged at its next meeting limited the gains.
Brent crude futures rose 95 cents, or 1.14%, to $83.98 a barrel by 04:22 GMT, while US West Texas Intermediate crude futures rose 80 cents, or 1.2%, to $79 a barrel.
The decline in US crude oil inventories by about 7.9 million barrels in the week ending, while gasoline stocks increased by about 2.9 million barrels, helped boost prices, while distillate stocks increased by about 4.0 million barrels.
The market is also watching the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+.
Five OPEC+ sources said the group was likely to keep oil production policy unchanged at Sunday’s meeting, although two sources said additional output cuts to support prices were also likely to be considered.
The group meets as slowing economies and Chinese coronavirus lockdowns have hit demand for oil, while the imminent European Union ban on Russian crude imports and a G7 ceiling on Russian crude have raised questions about supplies. https://www.mawazin.net/Details.aspx?jimare=212802
Abdullah Discusses With The American Ambassador Ways To Enhance Cooperation Between The Two Countries
Political | 04:57 – 11/30/2022 Baghdad – Mawazine News , Deputy Speaker of the House of Representatives, Shakhwan Abdullah, discussed with the US Ambassador to Iraq, Alina Romanowsky, ways to enhance cooperation on the basis of the common interests of the two countries.
Abdullah’s office stated in a statement, which Mawazine News received a copy of, that “the latter received 30 at his residence in Baghdad, the Ambassador of the United States of America, Alina Romanowski, and during the meeting, a number of files, important issues and topics of common concern were discussed and discussed.”
Abdullah called, according to the statement, for “the importance of strengthening cooperation and joint coordination between the two countries on the basis of common interests, and continuing to support efforts and endeavors aimed at enabling Iraq to overcome crises, face challenges, and work towards addressing problems and providing services to citizens throughout the country.” Ended 29 / H
https://www.mawazin.net/Details.aspx?jimare=212851
Expert On Falling Oil Prices: The Current Situation Will Not Last For Long
Economie| 01:09 – 11/30/2022 Baghdad – Mawazine News, oil expert Hamza Al-Jawahiri said today, Wednesday, that OPEC’s decision to reduce production did not affect Iraq’s exports, but rather reduced domestic production, stressing Iraq’s commitment to the organization’s decisions because they are “fair and aim at stabilizing oil markets.”
Al-Jawahiry added, in an interview with the official newspaper, that “compliance with (OPEC) decisions is expected to make price levels range between 83-93 dollars per barrel,” adding that “the increase in prices by about 10 dollars or more compensates for the decrease, which amounts to about 220 thousand.” Barrels, and profit may increase due to price stability.”
Al-Jawahiry attributed the decline in oil prices to two main reasons, “the first is the complete closure in China of some provinces after the spread of Covid 19 again, in addition to the Russian-Ukrainian war that is putting pressure on prices, not to mention the American pressures and its attempt to compensate for the Russian oil and gas exported to Europe, as well as setting a ceiling My price ranges between 60-65 dollars per barrel, although stocks of oil and derivatives have decreased very significantly in recent weeks.
He noted that “the current situation will not last for a long time, especially with regard to pumping American oil into the markets, which has become very large, and this is what we notice through the difference between the price of Brent and West Texas, which reaches more than 7 dollars per barrel.”
And he considered, “This is a large and clear indication that prices have fallen, but they will not continue because the strategic storage of oil and derivatives in America is declining dramatically, and therefore it must be compensated from the markets themselves, from the oil offered in the global markets.”
Al-Jawahiri pointed out that “OPEC is coherent and cannot be dismantled, because if things are left without a clear policy, prices will collapse to irreversible levels.” Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=212826
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