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Economic Communication: The Electoral Process Witnessed A Remarkable Technical And Procedural Improvement

Saturday 20 November 2021  166   Baghdad: Omar Abdul Latif  The Iraqi Economic Contact Group demanded a solution to the election results crisis, stressing that the reports of independent observers indicated that the electoral process had witnessed a remarkable technical and procedural improvement compared to the previous elections in Iraq.

The Iraqi Economic Contact Group, launched in 2020 in London, is an international financial alliance to support Iraq, comprising the G7 countries “America, Britain, Japan, France, Germany, Canada and Italy, as well as the International Monetary Fund and the World Bank, and from Iraq it includes the Ministry of Finance, the Central Bank of Iraq and the Finance Committee Parliament”.

A statement issued by the group stated that it calls on all parties to resolve any disputes related to the elections that may arise peacefully through the existing legal channels, expressing its hope for the rapid formation of a government that maintains the priority of economic reform, and addresses the structural challenges facing Iraq.

The group warned of the heavy dependence on oil exports despite the recovery in prices and the increase in revenues, because it is not sustainable in the long term with the decline in global demand for hydrocarbons.

She added that economic reform, as stated in the government’s white paper, is required to ensure diversified and inclusive growth, create sustainable job opportunities for the growing youth group, enable the private sector to thrive and serve the economy, and ensure macroeconomic and financial sustainability in response to external shocks. She stressed the need to implement these basic reforms along with policies in the interest of human capital development, mitigating and adapting to climate change, and providing basic services.

The group also called on the leaders of Iraq and the future government to give priority to reforms and to ensure the speedy implementation of the reform process, noting that the Iraqi government’s white paper continues to be an important tool in continuing to achieve those reform goals.   LINK

Foreign Minister: Building Bridges Of Trust And Giving Priority To Dialogue Is Very Important To Create A Safe And Stable Environment

Political | 01:10 – 20/11/2021  Baghdad – Mawazine News   Iraqi Foreign Minister Fouad Hussein stressed, on Saturday, that building bridges of trust and cooperation among the countries of the world and giving priority to the language of dialogue is very important in order to create a safe and stable environment that guarantees a decent life for peoples, and to achieve the requirements of economic and social prosperity, which is a vital and essential requirement.

In a speech during the Regional Security Summit (Manama Dialogue/17), the minister said, “Iraq has strengthened its efforts by adopting a comprehensive national strategy to combat terrorism, on top of which is the terrorist organization ISIS, and to prevent it from infiltrating society or controlling cities.” .

Hussein added, “The global political map has recently witnessed the emergence of extremist organizations again… The Middle East and North Africa may be the first to be affected by this dangerous challenge.”

He continued, “We recall with you the great efforts made by Iraq in confronting terrorism, which would not have been achieved without the societal awareness and Iraqi national cohesion, and the great efforts made by our security forces of all kinds to confront terrorism with the support and backing of the international partners under the umbrella of the brotherly countries and friends.”

He explained that “despite the great efforts to defeat terrorism, the continuation of intelligence and security cooperation between Iraq and the countries of the world is a primary priority of the Iraqi government and the brotherly and friendly governments,” noting that “the victory over terrorism provided us with the transition to achieving important goals at the internal, regional and international levels,

The Iraqi government, with its various institutions, headed towards the reconstruction of cities liberated from the terrorist organization ISIS, and there were several internal and external conferences and activities that focused on cooperation in the field of construction and investment inside Iraq.

The US Secretary Of Defense, Praising One Of The Kurdish Leaders: His Role Is Influential And His Position Is Important In Iraq

Political | 03:28 – 20/11/2021   Baghdad – Mawazine News  On Saturday, US Defense Secretary Lloyd Austin described the role of Kurdish leader Massoud Barzani as “influential”, and his position is important in both Kurdistan and Iraq.

And two statements issued by the Prime Minister of Kurdistan Regional Government, Masrour Barzani, received by Mawazine News, a copy of them, stated that the latter met with the US Secretary of Defense and the White House Coordinator during his presence in the Bahraini public, Manama.

A statement indicated that the President of the Kurdistan Regional Government, Masrour Barzani, met today with US Secretary of Defense Lloyd Austin in the Bahraini capital, Manama, indicating that the US Secretary of Defense referred with great respect and appreciation to the influential role and important position of President Masoud Barzani in the region and Iraq.

According to the statement, Austin stressed that the Kurdistan region is an important ally and partner of the United States in the region, explaining that he renewed America’s commitment to continue supporting the Kurdistan region, especially the Peshmerga forces, in confronting ISIS.

The President of the Kurdistan Regional Government thanked America for its continuous support, and stressed the importance of solving the outstanding problems between the Kurdistan Region and the federal government, and pointed out the need for security coordination in the Kurdish regions outside the administration of the region.

The two sides discussed the strategic dialogue between America and Iraq and the importance of implementing the Sinjar Agreement.

In a later statement, he referred to the President of the Kurdistan Regional Government, Masrour Barzani, who also met today with the White House Coordinator for the Middle East and North Africa Brett McGurk in the Bahraini capital, Manama.

At the meeting, the latest developments in the region and the general situation in Iraq after the legislative elections were discussed, as well as ways to strengthen relations between the Kurdistan Region and America.

The two sides also stressed the importance of enhancing coordination and cooperation in order to achieve security and stability in Iraq and the region.

Oil Prices Fell To $79 A Barrel

Economie| 12:06 – 20/11/2021  Follow – Mawazine News   Trading data showed an acceleration in the decline in global oil prices, by about 3 percent, as the price of a barrel of Brent brand reached less than $79, for the first time since October 4.

The price of oil futures contracts, the “Brent” brand, for the month of January decreased by 2.95 percent, to reach $78.84 per barrel.

While the price of West Texas Intermediate oil futures contracts decreased by 2.79 percent, to reach the price of $ 76.22 per barrel.

Global oil prices have risen significantly since October 2021, with the price of a barrel of Brent crude on the 5th of last month exceeding $83, for the first time since October 10, 2018.

Also, the price of West Texas Intermediate crude oil exceeded the level of $79 a barrel for the first time since October. The second 2014. Ended 29 / b 88


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