Iraqi News Saturday Evening 9-10-22
Tlm724 Administrator Bondlady’s Corner
When Is Parliament Automatically Dissolved .. A Legal Expert Answers
Saturday 10 September 2022 09:10 | political Number of readings: 266 Baghdad / NINA / – The legal expert, Ali Al-Tamimi, revealed the number of resignations that make Parliament automatically dissolved.
Al-Tamimi said in a statement, “When the number of those who resigned exceeds half of the total number plus one, i.e. more than 165 deputies here, the parliament has been dissolved automatically, because Article 64 first stipulated that this percentage vote on the dissolution, and if this percentage resigned, the remainder of Parliament cannot Performing his role in voting and convening in accordance with Article 59 of the Iraqi Constitution, and thus be realistically dissolved.”
He explained that: “When this happens, the President of the Republic will call for general elections in the country within a maximum period of sixty days from the date of the dissolution by a reasoned decree in accordance with Article 64 II of the Iraqi Constitution.”
And he stated: “The government of Mustafa Al-Kazemi continues with the President of the Republic to keep pace with public interests and conduct daily matters until the formation of the new government after the elections, according to Paragraph Two of Article 64 of the Iraqi Constitution.”
He emphasized that Elections Law No. 9 of 2020 and Commission Law No. 31 of 2019 in force can be implemented to conduct and manage elections. https://ninanews.com/Website/News/Details?Key=999261
Iraq’s Oil Exports To America Halved Last Week
Saturday 10 September 2022 10:30 | Economic Number of readings: 250
Baghdad / NINA / – The US Energy Information Administration announced today, Saturday, that Iraq’s oil exports to America have halved during the past week.
The administration said in a report, “The average US imports of crude oil during the past week from eight countries amounted to 5.782 million barrels per day, an increase of 661,000 barrels per day compared to the previous week, in which the average amounted to 5.121 million barrels per day.”
She added that “Iraq’s oil exports to America amounted to an average of 222 thousand barrels per day last week, halved from the previous week, in which oil exports to America amounted to an average of 401 thousand barrels per day.”
She pointed out that “most of America’s oil revenues during the past week came from Canada at a rate of 3.538 million barrels per day, followed by Mexico at a rate of 965,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 423,000 barrels per day, and then Colombia at a rate of 261,000 barrels per day.”
According to the administration, “the amount of US imports of crude oil from Brazil amounted to an average of 227 thousand barrels per day, from Ecuador at a rate of 144 thousand barrels per day, and from Nigeria at a rate of two thousand barrels per day, while it did not import any quantity from Trinidad and Tobago or Russia.” https://ninanews.com/Website/News/Details?key=999298
Economist To / Nina /: This Is What Iraq Will Gain By Keeping Oil Prices Within The Limits Of $ 100 A Barrel
Saturday 10 September 2022 09:54 | EconomicNumber of readings: 345
Baghdad / NINA / – An expert in economic affairs, Safwan Qusai, confirmed today, Saturday, that keeping oil prices within the limits of 100 dollars will allow Iraq to implement all its investment projects.
Qusay said in a statement to the National Iraqi News Agency / NINA /: “OPEC countries and their partners seek to control the appropriate oil price for the group at a rate of 100 dollars during this period, by controlling the supply according to the production reduction system or buying the surplus from the markets immediately or through sales contracts. futures”.
He added: “Iraq seeks to maintain this price level in order to be able to finance its operational and investment spending according to its needs to maintain the growth rate and diversify sources of income, according to the system of investment in infrastructure and water management to stop desertification, complete the port of Faw, revitalize industry and agriculture, and create sustainable development that depends.” developing intelligence and investing in human resources.
He pointed out: “The fact that oil prices remain within the limits of $ 100 will allow Iraq to implement this and allow the Arab Gulf countries to compensate for their lost reserves during the period from 2014 to 2021, as well as allow Russia to finance its expenses.”
He stressed: “This price will maintain the factor of attracting investment to the oil sector, especially as Iraq seeks to obtain investment in the oil and gas sector to reach a volume of 8 million barrels per day by 2035.”
The oil-producing countries agreed in their meeting last Monday to reduce the production level by 100,000 barrels per day, starting from October, after the recent changes in the oil markets.
The meeting included reviewing and discussing technical reports and recommendations for oil market developments, influencing factors, and expectations during the coming months.
On the Iraqi side, the meeting was attended by the Undersecretary of the Ministry of Oil for Liquidation and Distribution Affairs Hamid Younis, the Director of the Oil Marketing Company, Alaa Al-Yasiri, and a number of officials in the Ministry and Sumo Company./End 8 https://ninanews.com/Website/News/Details?Key=999270
The Central Bank: Iraq Has Taken A Series Of Corrective Measures For The Anti-Money Laundering System
The Central Bank’s Anti-Money Laundering and Terrorist Financing Council confirmed that Iraq has taken a series of corrective measures for the anti-money laundering system, noting that government measures contributed to the country’s exit from the European Union’s list of high-risk countries.
The Council stated in a statement, that “Iraq announces its readiness to start the mutual evaluation process that is being held by the Financial Action Task Force for the Middle East and North Africa, where the date for the field visit of experts has been set within the timetable prepared by the above group during the month of August 2023.”
The statement added that “a meeting was held with a high-level representation of all concerned parties in the anti-money laundering and terrorist financing system, headed by the Chairman of the Anti-Money Laundering and Terrorist Financing Council, the Governor of the Central Bank, in addition to the support of the Prime Minister and the President of the Iraqi Judicial Council for this important file, with (Johar Al-Nafisi). – Head of the Financial Action Task Force for the Middle East and North Africa / MENAFATF) as well as (Selman Al-Jabreen – Executive Secretary of the group), for the purpose of showing the extent of Iraq’s commitment to supporting the international assessment process of the Republic of Iraq in this aspect.
The statement indicated thatThe Chairman of the Council outlined the measures taken by Iraq during the previous period, which led to Iraq’s official exit from the status of enhanced follow-up to the usual follow-up or the so-called (updating every two years), and since the Republic of Iraq underwent the first joint evaluation process during 2012 to evaluate the anti-laundering system Funds and Terrorism Financing that were operating in accordance with the provisions of the Anti-Money Laundering Law No. 93 of 2004 (in force at the time and currently repealed), and based on the results and outputs of the evaluation report submitted by the resident experts at the time, the Republic of Iraq was included in the gray list as a result of identifying strategic deficiencies in those The system,
and as a consequence, Iraq has taken a series of corrective measures to combat money laundering, terrorism financing and proliferation to ensure its compliance with international standards and recommendations, in light of the action plan and follow-up with the International Review Team of the Financial Action Task Force (FATF), in addition to somelocal requirements for the purpose of combating those crimes.
He added that “those procedures began with the issuance of the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015 in force), which is considered one of the latest laws in the region and in compliance with international standards, in addition to the issuance of many regulations, instructions, controls, circulars and relevant guides,” noting that “the Republic of Iraq presented To the general meetings of the group (9) reports during the period between 2013-2018, which included the intensive procedures and efforts that were made in order to fulfill the identified shortcomings towards the system.
He noted that “after discussing the above reports and completing the work plan and follow-up with the international review team with the FATF, these efforts culminated and the field visit was achieved during June 2018 with Iraq’s official exit from the enhanced follow-up status to the regular follow-up or the so-called (update every two years), especially after If we have a solid legislative base and we have identified the regulatory and supervisory authorities for each of the sectors within that system, for the purpose of exercising their roles in controlling and supervising the relevant activities and following up on the compliance of the entities subject to their control and supervision to the above law and the relevant controls,
and how to tighten control in a way that contributes to the monitoring of activities Suspicious financial affairs and reporting this to the Anti-Money Laundering and Terrorist Financing Office on the one hand, and on the other hand, developing capabilities in a way that enhances the increase in the number of suspicious reports submitted to the Public Prosecution and support the investigative and judicial authorities to prove whether or not money laundering and terrorist financing suspicions.
He pointed out that “during the years from 2019-2020, work was done to take the necessary measures that demonstrate the commitment of the Republic of Iraq to the forty recommendations issued by the FATF, which culminated during early 2022 with Iraq’s exit from the European Union’s list of high-risk countries.”
He stressed that, “After that, and to ensure adherence to the first recommendation of the recommendations and the importance of the subject, we worked to complete our procedures in the first national assessment of the risks of the anti-money laundering and terrorist financing system by arriving at identifying each of the (weaknesses and threats) at the various legislative and operational levels, and we did not stop there.
Rather, a corrective action plan has been formulated and a prioritization has been formulated in line with the results of the assessment, and we will work to update our national strategy to combat money laundering and terrorist financing in light of those results.”
He pointed out that “the Financial Action Group (MENAFATF) has identified the Anti-Money Laundering and Terrorist Financing Council (as the national coordinating body) for the mutual evaluation process, and there is full support from the Iraqi government, in addition to identifying the national coordinator and a substitute for him, and a technical team has been formed from all concerned parties.
They were also given all the powers and support to complete this project, as the team will work to meet all the mutual evaluation requirements related to the two aspects (technical commitment and effectiveness evaluation) and prepare all logistical matters for the visit of the resident expert team to Iraq during 2023 until the report is discussed in the plenary session. https://www.radionawa.com/all-detail.aspx?jimare=31120
The Iraq Stock Exchange Launches The Guarantor Bank Service
Money and business Economy News-Baghdad As part of its development plans, the Iraq Stock Exchange launched a modern technical service represented by the guarantor bank .
The Executive Director of the market, Taha Ahmed Abdel Salam, said in a statement to the Iraqi News Agency (INA) that “the market continues to provide services and any new development services, such as launching modern technical services such as the guarantor bank service during the year 2022. ”
Abdul Salam pointed to the launch of the online trading service – for investors, as well as the continuation of developing laws and rules in accordance with international standards, in addition to encouraging the private sector to establish new joint stock companies in various economic sectors and attracting national and foreign capital.
Abdul Salam stressed, “the market’s keenness to follow up the activity of joint stock companies by the sectoral authorities, evaluate their implemented plans and support them with technical, legal and procedural means to achieve profits, and distribute profits to shareholders . ”
36 . views Added 09/10/2022 – 12:12 PM Update 09/10/2022 – 5:30 PM
https://economy-news.net/content.php?id=29633
Tourism Authority: Iraq Qualifies To Be A Religious Tourism Country In The First Place
Economie| 02:31 – 10/09/2022 Baghdad – Mawazine News The Tourism Authority clarified, today, Saturday, its procedures to activate and encourage tourism, especially religious ones, including the Arbaeen visit, stressing that Iraq is qualified to be a religious tourism country in the first place.
The head of the authority, Dhafer Mahdi Abdullah, said that “the holy city of Karbala is an important destination for religious visits, and millions of visitors come to it from inside and outside Iraq.
On the authority’s measures to activate and encourage religious tourism, Abdullah stressed that “the authority strives to provide all services, which include hotels, restaurants, rest places, commercial markets and popular industries, to familiarize the visitor with the depth of the history and civilization of Mesopotamia.”
He pointed out that “tourism has gained great importance for its contribution to supporting the national economy as a result of the financial resources it achieves that contribute to the development process, and also contribute to increasing job opportunities due to its ability to absorb large numbers of manpower and of various levels in the multiple and complex tourism activities.”
Abdullah added in an interview with the official news agency, Mawazine News, that “the financial resources obtained from tourism are working to create a balance in the balance of payments, which justifies obtaining various aids for its development,” pointing out that “Iraq possesses a number of religious capabilities that qualify it.” For it to be a primarily religious tourist country because of the diversity of the shrines in it.” https://www.mawazin.net/Details.aspx?jimare=205042
To read more current and reliable Iraqi news please visit BondLady’s Corner:
https://www.bondladyscorner.com/
