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 Iraqi News and Highlights Friday AM 8-7-20

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 Economic Renaissance Renaissance

Friday 07 August 2020  50  Dr.. In the name of Brahimi  Available data indicate that the contribution of the agricultural sector has decreased to the limits of (2%) of the gross domestic product in Iraq, and this percentage certainly increased during this year for two main reasons.

The first is to close the borders due to the Corona pandemic and thus improve the competitiveness of the local product, and the second is a decline Oil production and thus its reflection on the improvement in the contribution rate of agriculture, but the problem is that the publication of data is usually delayed after the end of each year as it is known, and this crisis has shown the positive side of the self-ability of the local product in the agricultural sector and its strengths, as well as the causes of weakness that You need government support to sustain this sector’s growth.

The area of arable land in Iraq is about (28) million acres, but what is utilized of them is only about (52%) unfortunately, and this certainly affects the volume of production and the contribution of the agricultural sector to the result, besides that this sector absorbs the largest proportion of Iraqi labor despite the expulsion factors that have characterized the countryside for decades, with which the size of the rural population decreased to less than (30%) of the total population, while the transition that occurred in the composition of the social structure historically from the countryside to the city has negatively affected On both sides, therefore, the poverty situation has exceeded (30%) during this year, coinciding with large unemployment, is one of the most prominent economic and social problems produced by immigration.

The Corona crisis and its aftermath, which was known as the great closure, have shown a number of important lessons in the context of dealing with the agricultural sector and the file of food and water security, and therefore we need a serious pause to review the data that were formed after the pandemic and take advantage of the opportunities it created, especially what is going on regarding the desire of some countries In importing the Iraqi agricultural product,

which is an opportunity to create a market share for our products that can be invested more in the future while completing the requirements of the success of the agricultural sector by addressing its problems in the aspects of salinity and water quotas and increasing production yields and supporting the requirements of stability in the countryside in order to restore balance to the social and economic reality between the countryside and the city and create A situation we can call the economic revival of the countryside. LINK

Deputy: The Proposals Of The Executive Authority Regarding Constitutional Amendments Are Not Binding On Parliament

Praatha News Agency80 2020-08-07  Member of the Parliamentary Committee, Saeb Khadr, affirmed on Friday that the parliamentary committee formed to make the constitutional amendments is the one concerned according to the constitution to make these amendments, indicating that any amendment proposals issued by the committees formed in the executive authority are “not binding” to Parliament.

And Khedr said in a press interview, “The constitutional amendments have drawn up their mechanisms Articles 124 and 126 of the constitution, and they have laid down a road map for the body empowered to make these amendments, and there is a parliamentary committee formed by the President of the Council for this purpose.”

Noting that “any amendment proposals issued by other committees formed by the executive branch are not binding on parliament, but they are complementary to its work and efforts to make the appropriate amendments.”

He added, “The Parliamentary Amendments Committee sent many letters to the executive authorities to explain its opinion on a number of amendments.”

Pointing out that “the parliamentary committee completed many constitutional articles and discussed more than 120 articles, but due to the current health and political conditions, there was a halt to the work of the committee.”

He continued, “Article 76 of the constitution, which talks about assigning the President of the Republic, the candidate of the largest number of parliamentary blocs, to form a cabinet, is not only the subject of street debate, but even political blocs, and was discussed extensively within the Constitutional Amendments Committee and listening to the opinions of specialists In order to come up with a clear vision as it is the node in the formation of every government after the elections.   http://burathanews.com/arabic/news/374212

Iraq Pledges To Deepen Oil Production Cuts In August And September

Praatha News Agency70 2020-08-07  Iraq said on Friday that it will cut its oil production by another 400,000 barrels per day in both August and September, to compensate for the high level of production in the previous three months.

Reuters quoted the Iraqi Oil Minister, Ihsan Abdul Jabbar, in a joint statement with his Saudi counterpart Prince Abdulaziz bin Salman, that reducing Iraq’s production would be added to 850,000 barrels per day, which he had already committed to withholding in August and September under the OPEC + agreement.

The total production cut in Iraq in August and September will reach 1.25 million barrels per day per month.

“The reduction rates will be adjusted after the six secondary sources publish the production figures they reach,” the joint statement said.

The two ministers stressed their full commitment to the OPEC + agreement to reduce oil production. Abdul-Jabbar confirmed Iraq’s commitment to the agreement, adding that it would reach full compliance in early August.

The two ministers discussed in a phone call the latest developments in the oil markets, the continued recovery of global demand and progress towards the implementation of the OPEC + agreement.

The Organization of the Petroleum Exporting Countries and its allies, in the OPEC + group, began an unprecedented shake-up of supply in May to boost oil prices hit by the Corona virus crisis.

Iraq agreed to reduce its production by 1.06 million barrels per day.

The Saudi and Iraqi ministers said that the efforts made by OPEC + members will improve the stability of global oil markets, accelerate the restoration of balance and send positive signals to the markets, according to the statement.

OPEC oil production increased by more than one million barrels per day in July with Saudi Arabia and other Gulf members ending additional voluntary cuts above the stipulated in the agreement led by OPEC, while other members made limited progress in terms of commitment.   http://burathanews.com/arabic/economic/374207

Baghdad Has Submitted To The Region A Proposal On Ports And Approaching A Comprehensive Agreement

Time: 8/07/2020 16:01:25 Read: 3,289 times  {Baghdad: Al Furat News} An informed source revealed that the federal government and the Kurdistan Regional Government are approaching a comprehensive agreement on the outstanding issues, especially the salaries and oil files.

This is due to visit the negotiating delegation to the regional government to visit the capital, Baghdad, during the coming period to complete previous discussions on outstanding issues with the federal government.

The source said, “The Federal Government submitted a proposal to the Kurdistan Regional Government, which provides for the payment of an amount of 300 billion dinars in exchange for handing half of the border crossing imports and internal imports to the federal government.”

And, “The negotiating delegation of the Kurdistan government will visit Baghdad next week to discuss the new proposal with the federal government.”

The source pointed out, “It is expected that an agreement will be reached on the new proposal and its implementation only for the current year.

The new year will be signed by a new and comprehensive agreement on financial files between the Kurdistan Regional Government and the federal government.”

Member of the Parliamentary Finance Committee Shirvan Mirza said in a press statement, “There is a real intention between the federal governments and the Kurdistan region to resolve the differences after the negotiating delegation held a series of dialogues, on financial files and oil imports.”

He added, “The Kurdistan Regional Government discussed all outstanding points with the federal government, and there are only some technical points left to reach a comprehensive agreement.”

“I think that there is great hope that the Kurdistan Regional Government will reach an agreement with the federal government soon, because the two governments need this agreement and they have no choice but to dialogue and a common agreement,” he said.

The negotiating delegation headed by Qubad Talabani, Vice-President of the Kurdistan Regional Government, held a series of discussions with the previous government headed by Adel Abdul-Mahdi and the current government headed by Mustafa Al-Kazemi and reached several important proposals and recommendations on outstanding issues with the federal government.   LINK

Al-Kazemi Directs The Disbursement Of 3-Month Salaries To The Kurdistan Region

Time: 8/07/2020 13:32:41 Read: 6,279 times  {Baghdad: Al Furat News} The federal government decided to pay the salaries of dams employees in the Kurdistan region.

The Parliamentary Finance Committee member, Shirvan Mirza, in a press statement, he and the efforts of the President of the Republic and the mass of the National Union of the House of Representatives, decided to Prime Minister Mustafa Kazmi, directing a letter to the Federal Ministry of Finance to spend three months ‘ salaries to employees of dams in the Kurdistan region. ”  He added that “The salaries are for the months, April, May, and June of this year, indicating that Al-Kazemi stressed the necessity of paying the salaries of employees in the dams of the Kurdistan region for the following months as well.”   LINK

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