Tlm724 Administrator Bondlady’s Corner
Al-Halbousi And The US Ambassador Discuss Strengthening Cooperation Between Baghdad And Washington
Speaker of the House of Representatives, Muhammad al-Halbousi, discussed with the Ambassador of the United States of America, Alina Romanowski, the strengthening of cooperation and partnership between Baghdad and Washington. His media office said in a statement, “Speaker of Parliament, Muhammad al-Halbousi, received the Ambassador of the United States of America to Iraq, Alina Romanowski.”
The statement added, “The meeting discussed strengthening cooperation and partnership between the two countries, and supporting Iraq in various fields. They also discussed developments in the political situation in the country, and a number of issues of common interest.”
https://www.radionawa.com/all-detail.aspx?jimare=33967
A Kurdish Deputy To / NINA /: The Recent Agreement Between Baghdad And The Region… Is A First Step To Resolving Outstanding Issues
Thursday 06, April 2023 16:27 | political Number of readings: 147 Baghdad / NINA / – A member of the House of Representatives for the Kurdistan Democratic Party, Jay Taymur, confirmed: “The recent agreement between Baghdad and the region … is a first step to resolving outstanding issues.”
He told the National Iraqi News Agency / NINA /: The agreement between the region and Baghdad is part of the state of political consensus and agreements within the blocs of state administration to end outstanding files, including the oil and gas law, which will regulate the relationship between the two parties. Timur added: The coming period will witness the activation of constitutional Article
140 Especially since the previous governments did not do it properly, in addition to implementing the Sinjar agreement for its reconstruction and the return of thousands of displaced people to their villages and cities.
The federal government and the Kurdistan Regional Government had signed yesterday, Tuesday, a temporary agreement to resume oil exports from the region, in the presence of Prime Minister Muhammad Shia al-Sudani and President of the Kurdistan Regional Government, Masrour Barzani.
https://ninanews.com/Website/News/Details?Key=1045339
Mazhar Muhammad Salih Presents Two Assumptions To Address The Fiscal Deficit In The 2023 Budget
Money and business Economy News-Baghdad
The financial advisor to the government, Mazhar Muhammad Salih, expected that the continuation of oil prices at the level of 80 to 90 dollars will fill the fiscal deficit in the 2023 budget, presenting two assumptions in this regard.
Saleh said in an article published on the website of the Iraqi Economists Network that “what (OPEC) + decided to reduce voluntary production of member countries throughout the year 2023 by about 1.5 million barrels per day and with different shares for member countries (as Iraq was one of the OPEC countries by reducing 220 thousand barrels per day) Undoubtedly, it comes as a result of the fluctuations in the geopolitical situation and its direct and indirect effects on the battlefields in Ukraine.
He explained that this would be “in two directions, the first: that Russia, which is the second largest oil producer in the world after the United States (both of which currently possess 25% of global production of crude oil), are in great contradiction, as NATO decided earlier that it should not be sold.”
Russian oil with a ceiling of more than 60 dollars a barrel, which made Russia commit to reducing production also in (OPEC +) in order for the global price to rise and cover the loss of its revenues from selling its oil to China, India and Central Asian countries at prices that are still about 20 dollars less than the global average of world oil prices.
And the second, that “the shortage of stocks in the United States, and the announcement of their imminent depletion, makes it maintain energy security in the United States strongly and in an accelerating manner, by providing maximum production capacities that compensate either for the lack of supplies or to compensate for the oil embargo on Russia and reach an average American daily production of about 17 million.”
A barrel of its high-cost shale oil, as selling US crude oil for less than $75 per barrel constitutes a loss and a significant decline in production, which threatens the economic interests of the United States.
He pointed out that “in view of the contradiction in the rules of playing oil production between Russia and the United States and the voluntary reduction of OPEC production, as we mentioned, the predictions of (OPEC +) may be believed that the average oil prices in the year 2023 may not be less than 80 dollars per barrel. The decision of (OPEC +) It came in line with the geopolitics of controlling energy flows in the world, which is dominated by preparations for a continuous field war between East and West. Papers in oil policies.
In addition to the above, Saleh pointed out that “the energy consulting company, Rystad Energy, expects that the continuation of the voluntary reduction by Iraq, Russia and the Gulf countries in oil production by at least one million barrels per day will push crude oil prices this summer to reach $110 a barrel at the very least. It is expected that That the sharp rise in energy/oil prices will increase inflationary pressure on the global economy and will push central banks to tighten monetary policies more.
And he pointed out that “as far as the matter relates to the hypothetical price for calculating oil revenues in the draft federal budget in Iraq, which amounts to 70 dollars per barrel, the expectation that the annual average of crude oil prices will reach between 90-80 dollars per barrel exported in the year 2023 may undoubtedly eliminate the hypothetical deficit gap in the estimated budget.”
By about 63 trillion dinars and according to the following two assumptions: A- Using the accumulated financial savings for the year 2022, which may be estimated between 25-23 trillion dinars, to reduce the deficit B- Compensation for the decrease in Iraq’s share of 220 thousand barrels of oil per day of production comes by avoiding the waste of crude oil in internal refining operations In order to maintain the maximum return to the general budget with the least possible planned deficit.
https://economy-news.net/content.php?id=33399
The Iraq Stock Exchange Closes Down By 0.70%
Market Economy News-Baghdad The weekly trading indicators of the Iraqi Stock Exchange showed a decrease of 0.70%.
The number of shares traded during the first week of April was more than (23) billion shares, while the value of shares traded in this week amounted to more than (9) billion dinars.
The trading index in the market closed for the first session of the week at (638.71) points, while the index closed at the end of the week at (634.30) points, achieving a decrease of (0.70%) from its closing at the beginning of the session.
During the week, more than (1,800) buying and selling contracts were executed on the shares of companies listed in the market. https://economy-news.net/content.php?id=33403
Recession Fears Are Dropping Global Oil Prices
Economy| 08:27 – 06/04/2023 Follow-up – Mawazine News Oil declined today, Thursday, as weak US economic data raised fears of a possible global recession and a decline in demand, but crude prices are heading towards a weekly rise after the OPEC + group announced more production cuts, in addition to a decrease in US oil stocks.
Brent crude futures fell 74 cents, or 0.9%, to $84.25 a barrel, and West Texas Intermediate crude futures fell 73 cents, or 0.9%, to $79.88 a barrel.
The two raw materials rose by more than 5.5% this week, heading towards recording gains for the third week in a row, after the OPEC + group, which includes the Organization of the Petroleum Exporting Countries (OPEC) and independent producers, including Russia, announced additional voluntary cuts in production.
And US government data revealed that US crude stocks fell by 3.7 million barrels last week, more than expected by about 1.5 million barrels. https://www.mawazin.net/Details.aspx?jimare=223835
Government Spokesman: We Commend The National Position Of The House Of Representatives To End The First Reading Of The Budget
Political | 04:43 – 06/04/2023 Baghdad – Mawazine News Today, Thursday, the Iraqi government praised the position of the House of Representatives to end the first reading of the draft budget for the years 2023-2024-2025.
The government spokesman, Basem Al-Awadi, said in a statement, a copy of which was received by Mawazine News, that “the Iraqi government commends the national and responsible position of the Iraqi Parliament by completing the first reading of the draft general budget for the years 2023, 2024, and 2025.”
He added, “This interaction clearly indicates a spirit of high understanding by the people’s representatives of the responsibility entrusted to them and their good appreciation for the conditions our country is going through and its urgent need to expedite the ratification of the budget, to take its way to implementation and to enable the government to meet the basic needs of our honorable citizens.” Ended 29/ M99 https://www.mawazin.net/Details.aspx?jimare=223887
A Slight Decrease In The Exchange Rates Of The Dollar In The Local Markets
Thursday 06, April 2023 10:51 | Economical Number of readings: 546 Baghdad / NINA / – The exchange rates of the dollar against the dinar decreased today, Thursday, in the stock exchange and exchange shops in the capital, Baghdad.
The selling price amounted to 150,500 dinars per 100 dollars, while the purchase price amounted to 149,500 dinars per 100 dollars./ End 11 https://ninanews.com/Website/News/Details?key=1045263
Al-Sudani: We Will Hold All Those Involved In Corruption Files Accountable
The first 04/04/2023 Baghdad: Muhammad al-Ansari Prime Minister Muhammad Shia al-Sudani pledged to hold all those involved in corruption files accountable, including the “theft of the century” case, stressing that “there are no red lines in the field of combating administrative and financial corruption, whatever it is and in every detail,” and indicated that the government is keen to play a transparent role with citizens in the matter. What to check or what to linger.
The Prime Minister said, in a lecture he delivered yesterday, Monday, to students of the 26th session at the Defense University for Military Studies:
“I was accurate in defining the priorities of our current government, and identified them with five priorities that govern the government’s direction and work, and focused on issues (reducing poverty and unemployment rates). improving services, combating corruption and economic reform). And he indicated that
“the cabinet resolved all problems related to unemployment,” and that
“the government inherited problems and did not create them,” adding that
“resolving problems was a stabilizing factor for the government’s work during the six months of its work.”
On the economic issue, Al-Sudani stressed that “there can be no economic reform without a sound financial and banking system that is recognized by international contexts.” the correct”.
He stressed that “there are no red lines in front of us in the field of combating administrative and financial corruption, whatever it is and in every detail, and at the civil and military levels.”
To play a transparent role with citizens in what has been achieved or what has been lagging, and on this basis we have committed ourselves to evaluating workers.
On the other hand, Prime Minister Muhammad Shia’ al-Sudani affirmed that “the bulk of corruption is protected by political or official facades.”
“The challenge facing the state now is corruption, and the process of combating corruption is not difficult, but there was no will in the previous stages to combat it,” he said, noting that “it is in the revenues of customs and ports.” border, the bulk of corruption is involved in employees, as there is no party that collects money for itself.
He added, “The judiciary is talking about a network of senior officials in (the former government) that contributed to covering up and providing facilities to a network of thieves that seized tax secretariat money in what is known as (theft of the century),” stressing that
“this case in particular if it is not held accountable.” And the recovery of public money, so any talk about fighting corruption is in vain.
And on Iraq’s foreign relations, and its relations with regional countries, Al-Sudani affirmed that
“no one ever bids on the issue of the independence of our national decision, and Iraq will never be subordinate to anyone, neither to the East nor to the West.”
He explained that “the Iranian-Saudi agreement is very important, and it will contribute to the stability of the region,” and pointed out that
“development and the economy can only be in an atmosphere of cooperation between the countries of the region,” and stressed that
“an attack on any country is unacceptable, and we do not allow the use of Iraqi land.” To attack neighboring countries, and this is a constitutional and moral obligation, and it is a settled matter for us.” Al-Sudani noted that
“Iraq has made the greatest stride in the understandings with Kuwait in all files, and the file of the maritime borders remained, and the committees continue to hold their meetings.”
Regarding the relationship with Turkey, he said:
“We have many commonalities and interests with neighboring Turkey, and that despite the existence of security-related problems And water,
but the opportunities that exist are greater than these problems, and we are heading towards Turkey to establish an economic partnership, and there are strategic projects that will see the light soon that strengthen this relationship.
The Prime Minister affirmed that “our security forces are at a degree of readiness and ability to provide security in all parts of Iraq, and we do not need combat forces and a foreign presence, but rather security relations and cooperation at the level of training and information exchange.” https://alsabaah.iq/74604-.html
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