More Iraqi News Tuesday PM 9-29-20
TLM724 Administrator BondLady’s Corner
Parliamentary Finance: Parliament Will Not Approve The Second Borrowing Paper
Money and business Economy News – Baghdad The Parliamentary Finance Committee said that it will not approve the second borrowing paper that the Iraqi government intends to present.
Committee reporter Ahmed Al-Saffar said, “In the event that the borrowing paper is submitted, it will not be approved by the committee, especially since we are on the compulsory holiday for the fortieth visit, and Parliament will not meet before October 10,” according to the official Al-Sabah newspaper.
He added, “Among the conditions for approving the first borrowing law was that there should be no other borrowing.” Saffar indicated that “the oil revenues for the month of August amounted to more than 4 trillion dinars, and the loan taken amounted to 15 trillion dinars, which must pay the salaries of employees until the tenth month.”
He pointed out, “There is a financial gap of two trillion dinars per month – meaning that the finance spent 9 trillion in three months – and there are 6 trillion dinars lost from the internal borrowing funds,” he asked, “Where did that amount go ?!”
Number of observations 340, date of addendum 09/29/2020 https://economy-news.net/content.php?id=22024
20 Billion Dinars In Monthly Revenues For The Bashamakh Border Crossing
A border crossing between Iraq and Turkey
Money and business Economy News – Baghdad The customs director of Bashamakh border crossing in Sulaymaniyah Governorate announced that the port’s monthly revenues have reached 20 billion dollars.
Shakhwan Abu Bakr Muhammad said, “The commercial movement takes place naturally at the port for the transfer of goods of various kinds, which reach it primarily from Iran and Turkey in the second class, as well as Dubai, China and a number of European countries.”
He pointed out that “all preventive and precautionary measures are followed in order to prevent the spread of the Corona virus among the workers at the port and those coming to it from the dealers and truck drivers who are all subject to examination to ensure their safety.”
Muhammad pointed out that “there are no obstacles hindering the work at the port.”
Number of observations 60 Date of addendum 09/29/2020 https://economy-news.net/content.php?id=22022
Alia Nassif Calls On Al-Kazemi To Offer The Shares Of Al-Faw Port To Citizens For Subscription
Tuesday 29, September 2020 11:15 | EconomicalViews: 150 Baghdad / NINA / Representative Alia Nassif called on Prime Minister Mustafa Al-Kazemi to offer the shares of the large port of Al-Faw for citizens to subscribe, confirming that she and a number of deputies began collecting signatures to make the government issue a decision in this regard.
In a statement received by the Iraqi National News Agency / NINA / a copy of it, she said: Thousands of citizens have expressed their willingness to donate to establish the large port of Al-Faw, and the majority of them are low-income people who have moved out of patriotism and for the future of their children and for the advancement of their country and restoring its role in the region and the world.
Nassif added: We believe that instead of donating, the port’s shares should be offered to them for subscription, so that their rights and profits are guaranteed, in response to gratitude and loyalty to them and their national spirit, noting that the share price after the port’s completion may rise to unexpected numbers.
She explained: This port will rid us of dependence on oil exports and rid us of the problem of the rentier economy, especially since we are still suffering from the crisis caused by the drop in oil prices, as the port will provide for the state budget approximately two hundred billion dollars annually, and these revenues will revive agriculture and industry and restore Iraq to its leading role. .
And Nassif added: For this purpose, we and a number of deputies collected signatures to make the government issue a decision to go to the IPO to expedite its establishment, and in the event that Mr. Al-Kazemi made a decision in this regard, it will be considered his greatest achievement and will enter history thanks to this achievement. / End 3 https://ninanews.com/Website/News/Details?key=859610
The G20 Energy Ministers Stress The Importance Of Stimulus Packages
Tuesday 29, September 2020 09:59 | EconomicalViews: 162 Baghdad / NINA / The energy ministers of the G20 stressed the importance of stimulus packages to enhance comprehensive economic activities, and their commitment to ensuring that the energy sector continues to make a full and effective contribution to overcome the Covid-19 pandemic.
And the energy ministers of the G20 approved the measures of producers and consumers to stabilize energy markets.
At the conclusion of the two-day meeting, they said, “They will continue to cooperate to create the conditions for sustainable capital investments, including the promotion of investments in innovation and skilled labor.”
And the Kingdom of Saudi Arabia announced yesterday, Monday, that the summit of leaders of the G20 countries will be held by default on the date specified on November 21-22.
The Saudi government said in a statement, “The summit will focus on protecting lives and restoring growth by dealing with and overcoming the pandemic, and recovering better by addressing the vulnerabilities that became apparent during the pandemic and enhancing long-term resilience,” according to the Saudi Press Agency (SPA).
She added, “The summit seeks to strengthen international efforts to seize the opportunities of the twenty-first century for all by empowering individuals, protecting the planet, and harnessing innovations to shape new horizons.”
And Riyadh announced, earlier, that it would host the G20 leaders’ summit in November 2020, for the first time at the level of Arab countries. https://ninanews.com/Website/News/Details?key=859594
Loss Of 6 Trillion Dinars Of Internal Borrowing Funds .. Finance Committee: We Will Not Agree To His Paper
Political Tuesday 29 September 2020 | 09:17 am| Views: 262 Baghdad / .. The Finance Committee in the House of Representatives revealed, on Tuesday, the loss of 6 trillion dinars of internal borrowing funds.
The committee’s rapporteur, Ahmed Al-Saffar, confirmed that “in the event that the borrowing paper is submitted, it will not be approved by the committee, especially as we are on the compulsory holiday for the fortieth visit, and Parliament will not meet before October 10.”
He indicated that “among the conditions for approving the first borrowing law was that there should be no other borrowing, in addition to submitting a reform paper that was supposed to be completed in advance and was postponed to the middle of next month.” Provide the necessary supplies. ”
Al-Saffar pointed to a very dangerous point, saying: “The oil revenues are more than 4 trillion dinars, and the loan taken is 15 trillion dinars, which must pay the salaries of employees until the tenth month.” I spent 9 trillion in three months – and there are 6 trillion dinars lost in internal borrowing funds. ”He asks:“ Where did that amount go? ”End 4 https://aynaliraqnews.com/index.php?aa=news&id22=139221
The Death Of The Emir Of The State Of Kuwait Sabah Al-Ahmad Al-Sabah
Arab News Tuesday 29 September 2020 | 04:52 PM| Views: 14
It was announced this evening, Tuesday, that the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, had died at the age of 91, after suffering from illness in the past period .
The Amiri Diwan and members of the ruling family of Kuwait mourned Sheikh Sabah after nearly 14 years of his rule of the country, while the dates for the funeral and burial have not yet been announced .
A statement by the Amiri Diwan stated: “With great sadness and sorrow, we mourn to the Kuwaiti people, the Arab and Islamic nations, and the friendly peoples of the world, the death of the late His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait who moved next to his Lord .”
The Amir, Sheikh Sabah Al-Ahmad Al-Sabah, traveled to the United States in late July to receive treatment after undergoing surgery in Kuwait in the same month .
Sheikh Sabah assumed the reins of power in his country on January 29, 2006, after the National Assembly transferred the powers of Prince Saad Al-Abdullah Al-Salem Al-Sabah to the Council of Ministers due to his health conditions .
Sheikh Sabah is the 15th ruler of Kuwait, which has been ruled by the Al Sabah family since the eighteenth century .Sheikh Sabah will succeed his Crown Prince, Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, who is about 82 years old. https://aynaliraqnews.com/index.php?aa=news&id22=139250
The First Comment From Washington About The News Of The Closure Of The US Embassy In Baghdad
POSTED ON 2020-09-29 BY SOTALIRAQ The US State Department responded, on Monday, to the news that the United States intends to close its embassy in Baghdad .
American media quoted a spokeswoman for the Foreign Ministry as saying in press statements, today, September 28, 2020, that “Washington has previously made clear that the Iranian-backed groups that fire missiles at the American embassy in Baghdad pose a threat to the government of Iraq and the neighboring diplomatic missions.” This was in response to reports that spoke of the State’s intention to close its embassy in Iraq .
A spokeswoman for the ministry refused to respond to these press reports, stressing, “We never comment on the minister’s private diplomatic talks with foreign leaders . ”
But the spokeswoman, who asked not to be named, said, “We made it clear before that the Iranian-backed groups firing missiles at our embassy pose a threat not only to us, but to the government of Iraq, the neighboring diplomatic missions, the residents of the former international zone and the surrounding areas . ”
“While the United States is working to secure financial support for Iraq from the international community and various private sector companies, the presence of the outlaw factions backed by Iran remains the biggest single deterrent to additional investment in Iraq,” she added.
An American newspaper had earlier quoted a spokesman for the Prime Minister, Ahmed Mulla Talal, as saying, “We hope that the American administration will rethink the matter . ”
During the past two days, news reports circulated that the US Secretary of State, Mike Pompeo, had warned the Iraqi Prime Minister that Washington might close its embassy in Baghdad and withdraw its staff due to repeated attacks on the embassy, while the “Wall Street Journal” quoted Iraqi officials it did not name. Their assertion that “preparations have already begun to close the embassy . ”
Multiple news reports said that the US Secretary of State, Mike Pompeo, warned the Iraqi Prime Minister that Washington might close its embassy in Baghdad and withdraw its staff due to repeated attacks on the embassy, while the “Wall Street Journal” quoted Iraqi officials who were not named their assertion that “preparations have begun.” Already to close the embassy . ”
It is noteworthy that the US embassy in Baghdad launched an alert yesterday, Sunday, to the residents of the areas surrounding the mission building in Baghdad, as it was stated in a statement that “during the next two days, the US embassy will conduct a series of tests that include our emergency equipment and procedures.”
The statement continued, “The sound of alarms, sirens, and other types of noise will reach the residents living in the areas surrounding the embassy when conducting these exercises, so the embassy will apologize for any inconvenience that may result from that.” LINK
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