Iraqi News Friday Afternoon 8-19-22
Tlm724 Administrator Bondlady’s Corner
A Parliamentary Committee Reveals The Extent To Which The Food Security Law Was Affected By The Resignation Of Finance Minister Ali Allawi
Political | 03:45 – 19/08/2022 Special – Mawazine News , the Parliamentary Finance Committee responded, on Friday, to questions regarding the impact of the implementation of the provisions of the emergency food security law with the resignation of Finance Minister Ali Abdul Amir Allawi.
Committee member Jamal Cougar said in an exclusive interview with Mawazine News Agency, that the resignation of Finance Minister Ali Allawi will never be affected by the implementation of the provisions of the Food Security Support Law, attributing the reason to the fact that Prime Minister Mustafa Al-Kazemi appointed an acting minister immediately after Allawi’s resignation, as it did not happen. any void.
He added, that appointing the Minister of Oil with other tasks such as managing the Ministry of Finance is normal.
The Minister of Finance submitted his resignation from his position last Tuesday, during the regular session of the Council of Ministers
Allawi, who has been Minister of Finance since mid-2020, submitted a 9-page written request during the cabinet meeting that included an explanation of his ministry management during the last period, and the most prominent findings in it, before he asked to resign from his position, without explaining the reason for this. Ended 29/R77 LINK
Friday Prayer Sermon: We Do Not Value Political Dialogues
Political | 12:25 – 19/08/2022 Baghdad – Mawazine News Friday prayer preacher, Muhannad Al-Moussawi, stressed that the political dialogues that are taking place currently do not give any weight, indicating that the fake media has become mouthpieces for corruption.
Al-Moussawi said during Friday prayers in front of the parliament building: “The political dialogues that are currently taking place do not value them,” noting that “the people have been stung by corruption and failed administrations.”
Al-Moussawi added that “the people are prioritized over all considerations, and through them constitutions are written, and it is the basic component of the state,” stressing that “the will of the people is stronger than tyrants.” Ended 29 / AD 99++ LINK
UNAMI Comments On The Current Political Crisis In Iraq
political| 11:34 – 19/08/2022 Baghdad – Mawazine News The United Nations Assistance Mission for Iraq (UNAMI) affirmed today, Friday, that the many sacrifices that were made to restore Iraq’s standing should not be in vain.
According to a statement by the mission commemorating the bombing of the headquarters of the United Nations Mission in Baghdad in 2003, which killed dozens, Mawazine News received a copy of it, “The many sacrifices that were made to restore Iraq’s standing should not be in vain, but all efforts must be mobilized for dialogue and solutions in the service of for the common good of the people.”
She added, “Iraq has faced countless difficulties in recent years, and the current political crisis is only the last protracted challenge. However, none of the current disputes is intractable, and it cannot be considered more important than the national interest,” reiterating support For the people of Iraq.” Ended 29 / AD 99 LINK
Falling Oil Prices
Economie| 01:56 – 19/08/2022 Follow-up – Mawazine News : Oil prices fell today, Friday, two days after recording gains, and they are on the way to incur a weekly loss due to pressures from the strength of the dollar and fears of a global economic slowdown.
Crude futures fell 1.25%, or $1.2, to $95.38 a barrel, and US West Texas Intermediate crude recorded 1.23%, or $1.1, to $89.39.
The two benchmark contracts are heading to record weekly losses of close to 3%. The dollar’s strength increased the cost of oil to holders of other currencies, while Asian and European stocks witnessed a decline.
And in an indication of the easing of the oil supply bottleneck, the gap between the spot price of Brent and the second nearest maturity month for futures contracts decreased by nearly five dollars than at the end of July. LINK
Planning: Preparing A Strategy To Improve The Income And Livelihood Of Poor Families
Economie| 09:18 – 18/08/2022 Baghdad – Mawazine News Today, Thursday, the Ministry of Planning confirmed its intention to prepare a strategy to improve the income and livelihood of poor families, while confirming the imminent launch of the largest economic and social survey.
A spokesman for the Ministry of Planning, Abdul-Zahra Al-Hindawi, said, “The ministry is preparing, in coordination and cooperation with a group of ministries and institutions, including the Ministries of Trade, Labor and Social Affairs, to prepare the third poverty reduction strategy in Iraq for the years 2024-2028.”
He added, “The goal of the strategy is to improve the standard of living for people with low incomes, which focuses on two axes, the first: reconsidering and evaluating the social protection network so as to ensure that it reaches those who are eligible for the benefit and re-examining the level of the poverty line in order to ensure that support reaches poor families.”
He pointed out that “the second axis focuses on reforming the ration card system and working with the Ministry of Commerce with the aim of allocating this program to poor families while reconsidering those covered, as many of them are well-off, and it is first for these materials to go to poor families.”
He continued, “The strategy also aims to improve the income and standard of living of poor families through other pathways related to education, health and housing.”
He stressed that “with this framework, the Ministry of Planning is preparing to launch one of the largest economic and social surveys in Iraq, and soon the work of this survey will be launched, which will give us very important indicators about the poverty level, the poverty line, the living standard of the poor and their areas of concentration, and then we will use the outputs of this survey and its indicators in writing The poverty strategy that is currently being prepared.” Ended 29
The Stability Of The Dollar Exchange Rates
Economie| 11:04 – 19/08/2022 Baghdad – Mawazine News The dollar exchange rates witnessed stability on the Iraqi Stock Exchange. Today, Friday, the selling prices of the dollar were 148,000 dinars per 100 dollars, while the purchase prices of the dollar were 147.900 dinars per 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=202865
UNAMI: The Many Sacrifices Made To Restore Iraq’s Standing Must Not Be In Vain
The United Nations Assistance Mission for Iraq (UNAMI) stressed today, Friday, that the many sacrifices that were made to restore Iraq’s standing should not be in vain.
According to a statement by the mission on the anniversary of the bombing of the headquarters of the United Nations mission in Baghdad in 2003, which killed dozens, “the many sacrifices that were made to restore Iraq’s position should not be in vain, but rather all efforts must be mobilized for dialogue and solutions in the public interest of the people.”
She added, “Iraq has faced countless difficulties in recent years, and the current political crisis is only the latest protracted challenge. However, none of the current disputes is intractable, and it cannot be considered more important than the national interest”, reiterating support for the people of Iraq.
Oil Expert: Corruption Prevented Iraq From Reaching 7 Million Barrels Per Day
The oil expert, Hamza Al-Jawahiri Energy Economy News – Baghdad The oil expert, Hamza Al-Jawahiri, ruled out that Iraq’s production would reach 8 million barrels per day during the next few years.
On June 19, 2022, Oil Minister Ihsan Abdul-Jabbar Ismail confirmed that oil production will reach 8 million barrels per day during 2027.
Al-Jawahiri said that it is difficult for Iraq’s production to reach 8 million barrels per day, due to the failure to implement the sea water project, which transports water from the sea into the fields.
He added that the implementation of this project needs 3 years with hard work, in addition to digging wells and building an electricity system.
He stressed that corruption and some parties were prevented from raising Iraq’s oil production to 7 million barrels per day now, through their interventions in stopping some projects, adding that Exxon Mobil presented an offer in 2011 to implement the sea water project, but it was stopped by the hand of corruption.
He pointed out that Iraq’s oil production is now supposed to reach 7 million barrels per day, but today it reaches 4.6 million barrels. Views 214 Added 08/19/2022 – 10:52 AM Update 08/19/2022 – 4:42 PM
https://economy-news.net/content.php?id=29388
The Secretary General Of OPEC Expresses Optimism About The Outlook For Oil Demand In 2023
Energy Economy News / Baghdad The new Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) told Reuters that the recent decline in oil prices reflects fears of an economic slowdown and masks actual market fundamentals, while expressing a relatively optimistic view of the market outlook for 2023 as the world grapples with rising inflation .
Haitham Al-Ghais, who took office on August 1, indicated that the demand for oil is strong in the actual market, and that the concern about the slowdown in the Chinese economy is exaggerated, adding that the demand is likely to find support from the use of jet fuel with the increase in travel .
Al-Ghais added that OPEC is keen to extend the agreement with Russia and producers from outside it .
The Secretary-General of OPEC said that it is too early to say what OPEC + will do at the September 5 meeting, it may reduce or increase production if necessary .
Compensating for Russian production is not easy, and the organization’s ability to meet oil demand will be a difficult task without addressing the issue of lack of investment in the sector, according to Al Ghais .
Views 335 Added 08/18/2022 – 6:19 PM Update 08/19/2022 – 4:39 PM
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