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More Iraqi News Late Friday PM 1-30-21

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Representatives Hold Parliament Responsible For The Failure To Question The Governor Of The Central Bank

January 29, 2021 281  Baghdad – Time  An expert revealed that there are indicators of corruption in the Central Bank of Iraq and its governor in the currency market after the decision to raise the dollar against the local dinar.

Salam Al-Zubaidi said in a statement yesterday that (the bank has major indicators, especially during the recent period after the currency exchange rate increased), indicating (there are files of corruption in the currency market, but we did not find anyone to hold it accountable), and Al-Zubaidi described (the statements of Governor Mustafa Ghaleb frightening and irresponsible and that it is I lost the independence of the bank when it stated that the raising of the dollar was not from the bank, but from the Ministry of Finance).

Representatives from different blocs held Parliament responsible for failing to question the governor of the Central Bank of Iraq, while the Saeron Alliance responded to the accusations by confirming that it stood with any professional questioning.

The head of the parliamentary government program monitoring committee, Hazem Al-Khalidi, confirmed in a statement yesterday that (there are observations and major problems on the performance of the central bank during this stage), indicating that (the budget must be passed, but not by these numbers), stressing that (this week, the governor will be questioned) Central Bank and Minister of Finance).

In turn, a member of the Kurdistan Democratic Party, Majid Shankali, said in a tweet on Twitter: (It is confirmed and proven to everyone, in the forefront of which is the bloc that claims not to have any executive position, that the governor is affiliated with that bloc and it worked to not complete a quorum inside the parliament to prevent his interrogation).

The representative of the Nasr Bloc, Hoda Sajjad, revealed in a televised interview that a parliamentary bloc came to question the head of the Media and Communications Commission in absentia and evaded attending the central bank governor’s interrogation session last Wednesday.

Sajjad said that (the determination of some parliamentarians not to proceed with the questioning of the governor gave a bad message to the street. Al-Iraqi), blamed the (Parliament Presidency Commission for the failure to hold the quorum for the session and put the interrogation paragraph in a crowded schedule), and Sajjad expressed her surprise that (the first deputy speaker of the council did not ask the media department to publish attendance as he does with the rest of the sessions, especially since all the representatives were Present from 3 pm to 6 pm, and the bell for the start of the session was not rang, as we were surprised to raise it to another notice).

The MP of the Saeron Muhammad Al-Ghazi Alliance responded to the accusations leveled against his coalition by obstructing the interrogation of the governor and breaking the quorum. Al-Ghazi confirmed in a statement yesterday that (a number of coalition representatives were present at the scheduled session, while four representatives from the Victory Coalition, to which Representative Hoda Sajjad belonged), stressing that (Sairoun was the most attended bloc, and we support the interrogation of the governor of the Central Bank altogether because he It is not politically motivated and we are fully convinced of it, and the alliance is with any professional interrogation).  LINK

A Decrease In The Trading Index Of The Iraq Stock Exchange

Economie| 01:37 – 01/30/2021   Baghdad – Mawazine News  The index of weekly trading in the Iraq Stock Exchange closed with a decrease of 0.25%.

A statement by the Financial Markets Market, which has received / Mawazine News / a copy of it, stated that “the Iraq Stock Exchange organized five trading sessions during the fourth week of January 2021,” indicating that “the number of shares traded during this week amounted to more than four billion shares. The value of shares traded this week amounted to more than three billion dinars.

The statement indicated that “the trading index in the market for the first session of the week closed at (489.66) points, while at the end of the week the index closed at (488.42) points, achieving a decrease of (0.25%) from its closing at the beginning of the session, pointing out that it was” implemented. During the week, more than (2000) sale and purchase contracts on the shares of companies listed on the market. ”

Parliamentary Finance Does Justice To The Oil And Gas Producing Provinces In The Draft Budget

Time: 01/30/2021 17:57:41 Read: 52 times   The Finance Committee adds a text in the draft federal budget bill for 2021, which includes the establishment of a special petrodollar fund for oil and gas producing provinces to implement projects and provide services.  LINK

An Economist Expects A Decrease In Iraqi Oil Production

Time: 01/30/2021 17:19:33 Read: 884 times   {Baghdad: Al Furat News} Economic expert Mustafa Sanad expected, on Saturday, that Iraq would reduce its oil production to compensate for the previous violations.

Sanad said, in his blog post on “Twitter,” that Iraq, the second largest oil producer in OPEC, will produce about 3 million and 600 thousand barrels of crude per day in the next two months, which is the lowest level of production since 2015.

He added: that Iraq’s ability to comply with OPEC + countries depends on the approval of the Kurdistan region of Iraq to reduce production from fields in the region, which the central government says is beyond its control.

Sanad explained: Non-commitment of the region means that Iraq will be forced to reduce production at a greater rate than the fields in the south, which have a much lower production cost than the production cost from the fields of the Kurdistan region, and thus the loss is double.   LINK

The Iraqi Government Agrees To Open A New Port With Iran

11:02 – 01/30/2021   The information / Baghdad ..The local administration of Wasit governorate obtained the approval of the central government to open the Shehabi border crossing with neighboring Iran, in the east of the province, which will contribute to loosening the momentum at the Zurbatiyah port and obtaining new financial revenues that support the province’s budget.

“The road linking Al Shehabi Port and Sheikh Saad district has been paved and paved with a length of 40 km back and forth, and it is ready for the vehicles and buses to come and go.”

“The port will be prepared to receive two thousand people a day and about two million people during religious events, as it has been equipped with reception halls, entry halls marking booths, and all other requirements applicable to other border outlets,” Al-Atabi added.

He explained, “The new port is the closest to the holy cities of Karbala and Najaf,” noting that “it contributes to finding financial resources to be added to the province’s treasury.”

The port connects Sheikh Saad district, south of Kut, and the Iranian Ilam province, while its opening depends on completing the approvals of the concerned departments, their readiness and the degree of safety in terms of floods, with a report prepared by the Water Resources Directorate.

The new port is 70 km away from the Zurbatiyah border crossing, while it is 200 km away through Iranian territory, due to the terrain and the undulating lands inside Iran.

Media And Communications: Zain Has Fulfilled All Requirements And Paid Off The Debts Owed By It

Local| 04:20 – 01/30/2021  BAGHDAD – Mawazine News  The Media and Communications Commission confirmed, on Saturday, that Zain Iraq has fulfilled all the requirements in terms of paying the debts owed by it, paying the renewal dues, the fourth generation spectrum and other legal aspects.

The authority added, “The launch of the 4G service is currently considered” experimental “to ensure that it is published in high quality and then is commercially launched.

And she emphasized, “Any company that fulfills the requirements will be granted the right to launch the service.”

The US State Department Pledges To Support Iraq

Time: 01/2021/30 11:42:36 Read: 1,651 times   {Baghdad: Evert News} The new US Secretary of State, Anthony Blinken, pledged that his country would continue to help the Iraqi people, while encouraging the continuation of the federal government’s efforts to meet the demands of the Iraqi people.

The US State Department said in a statement, that Secretary of State Anthony Blinken made a phone call with his Iraqi counterpart Fuad Hussein, noting that the two sides discussed the strategic framework agreement between Baghdad and Washington and stressed the principles contained in the agreement.

Blinken encouraged the Iraqi federal government to “continue efforts to meet the demands of the Iraqi people for a more equitable and just country,” supporting “early elections proposed this year,” pledging to “help Iraq implement basic economic reforms and strengthen trade relations between the United States and Iraq for the benefit of both countries.”   LINK

A Member In Parliamentary Finance Evaluates The Ministry’s Performance At {Zero}

Time: 01/2021/30 11:53:35 Read: 3,094 times   {Baghdad: Al Furat News} The Parliamentary Finance Committee confirmed, on Saturday, that there are no deductions in the salaries of employees in the 2021 budget, indicating that all the numbers in the budget are not real.

And Naji Al-Saeedi said in a televised interview, “The performance of the Ministry of Finance is {zero} because it does not know the number of employees in Iraq until now, and all the numbers in the budget are not real, such as the operational budget, staff numbers, etc.”

He continued, “There are no deductions in salaries and there are resources with the state that can supplement the budget without deducting the salaries of employees,” noting that “the Finance Committee rewrote the budget again and we indicated that there is a 34 trillion dinars surplus in spending and this indicates that the numbers contained in the budget are far from healthy.” “.

Yesterday, Thursday, a member of the Finance Committee, Jamal Cougar, revealed in an exclusive interview with NRT Arabia, two proposals to reduce or cancel employee salary deductions in full, stressing that the deduction proposal submitted by the government is totally rejected.   LINK

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