Iraqi News Highlights Tuesday Evening 11-15-22
Tlm724 Administrator Bondlady’s Corner
40 billion dollars… an abundance of oil revenues until the end of this year
Jalil Al-Lami to / NINA /: Tuesday 15 November 2022 11:13 | Economical Number of readings: 355 Baghdad / NINA / – The economic expert, Jalil Al-Lami, confirmed that the financial abundance achieved from crude oil revenues will reach 40 billion dollars at the end of this year.
He told the National Iraqi News Agency / NINA /: In light of the financial abundance achieved from the process of exporting crude oil, which may reach (40) billion US dollars by the end of the current year (2022), the current government is supposed to invest this financial surplus in the completion of large development projects. To enhance non-oil revenues in order to support the real economy.
And he stressed: the growth in the various sectors increases by double the higher the rates of investment in the infrastructure of the economy, foremost of which are the vital sectors such as (electricity, water, transportation, communications, education and health)./ End 3
The Dollar Rises In The Iraqi Market
Economie| 10:33 – 11/15/2022 Baghdad – Mawazine News The exchange rates of the dollar rose today, Tuesday, on the Iraqi Stock Exchange. Selling price: 148,350 dinars per 100 dollars Buying price: 148,250 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=211308
Low Oil Prices
Economie| 08:54 – 11/15/2022 Follow-up – Mawazine News Oil prices extended their losses in early Asian trading today, Tuesday, to reach the lowest level in 3 weeks after OPEC cut its forecast for global demand for 2022, while rising numbers of Covid-19 cases in China clouded expectations of fuel consumption in the world. The largest importer of crude oil in the world.
Brent crude futures fell 16 cents, or 0.17%, to $92.98 a barrel by 0410 GMT, after settling down 3% on Monday.
US West Texas Intermediate crude recorded $85.39 a barrel, down 38 cents, or 0.44%, after falling 3.5% in the previous session.
The Organization of the Petroleum Exporting Countries (OPEC) cut its forecast for global oil demand growth in 2022 for the fifth time since April, citing mounting economic challenges including rising inflation and rising interest rates.
It comes after the International Monetary Fund said on Sunday that the global economic outlook became more bleak than expected last month, noting a steady deterioration in purchasing managers’ surveys in recent months.
Meanwhile, although investors were encouraged by China’s announcements last week that it would reduce the impact of its strict anti-coronavirus policy to stimulate economic activity and energy demand, rising case numbers remain a major downside risk. Ended 29/M99
The Council Of Ministers Withdraws Several Laws From Parliament And Approves Health, Sports And Service Decisions
Political | 06:12 – 11/15/2022 Baghdad – Mawazine News Prime Minister Muhammad Shia Al-Sudani chaired, on Tuesday, the fourth regular session of the Council of Ministers.
A statement by Al-Sudani’s office, of which Mawazine News received a copy, stated that “the session witnessed a discussion of the overall general situation in the country, and deliberation in a number of basic files related to the lives of citizens. The topics on the agenda were also discussed and decisions were issued in this regard.”
He added, “Within the framework of government support for Iraq hosting the 25th Gulf Championship in Basra Governorate early next year, the Council of Ministers approved the following:
– The Iraqi Football Association borrowed $33 million from the Iraqi Trade Bank (TBI), and the amount is included in a draft law.” The federal general budget for the fiscal year / 2023, to meet the requirements of the Arabian Gulf Cup (25), and the aforementioned federation may contract in the manner it deems appropriate.
In the field of governmental efforts aimed at financial auditing of tax and customs secretariats, after the crime of stealing tax insurance amounts that occurred more than a month ago was revealed, the Council of Ministers agreed to authorize the Office of the Prime Minister the authority to contract with a major international company in financial auditing, for the purposes of auditing tax guarantees.
Customs is an exception to Article 3 of the instructions for implementing government contracts. The Ministry of Planning undertakes to include the project as a component of one of the projects within the investment budget for the year 2022.
In the health file, and in light of the Prime Minister’s directives to the Ministry of Health to find immediate solutions to the problems that Al-Kadhimiya Hospital suffers from, which Al-Sudani diagnosed after the sudden visit to the hospital, and in addition to what he directed the Ministry of Finance to quickly fund the Ministry of Health to solve the problems that the rest of the hospitals suffer from, he agreed The Council of Ministers is as follows:
– Authorizing the Baghdad governorate to secure an amount of 3 billion dinars for each of the Baghdad Health Department, and 3 billion for the Rusafa Health Department, to meet the requirements for the rehabilitation of hospitals determined by the Ministry of Health out of petrodollar allocations, or border crossings from the special programs of the Emergency Support Law No. (2). for the year 2022), and as an exception to Paragraph (3) of the Government Contract Implementation Instructions No. (2 of 2014), with specifying a time limit for financing that does not exceed ten working days.
The Council of Ministers continued discussing other issues on the agenda, and issued the following decisions in this regard:
First / Recommendation to the House of Representatives according to the following:
1- Withdrawing the draft law dealing with housing abuses issued according to Cabinet Resolution 288 of 2017.
2- Withdrawing the draft Law on the Construction Council issued Pursuant to Cabinet Resolution 377 of 2019.
3- Withdrawing the list of ambassadors.
4- Authorizing the Prime Minister the power to withdraw bills from the House of Representatives.
5- Withdrawing the draft law amending Companies Law No. 21 of 1997.
6- Withdrawing the law of the first amendment to the Iraqi National Oil Company Law No. 4 of 2018.
7- Withdrawing the flag service law.
8- Withdrawing the draft law for the second amendment to the Public Roads Law No. 35 of 2002.
9- Withdrawing the draft federal civil service law
Second / Approval of the draft law of the first amendment to the Law of Private Security Companies No. (52) of 2017, which was audited by the State Council, and referred to the House of Representatives, based on the provisions of Articles (61 / item first, and 80 / item second) of the constitution, taking into account Attention is the opinion of the legal department in the General Secretariat of the Council of Ministers, which is confirmed by its memoranda of number (MD / S / 2/2/12/477 LS) dated December 28, 2020, and the observations of some members of the Council of Ministers during the meeting session, which were confirmed by the head of the department. Legal in the General Secretariat of the Council of Ministers.
Third / Approval of the following:
1- The Ministry of Planning will undertake the creation of a component for the Al-Khader and Al-Daraji water project for this year within the investment budget of the Ministry of Construction, Housing, Municipalities and Public Works.
2- The Ministry of Finance signs the financing agreement between the German Development Bank and the Iraqi government as soon as possible, and the relevant authorities secure the amount of the Iraqi government’s contribution to the project mentioned in paragraph (1) above, equivalent to (15,000,000) euros, only fifteen million euros.
Fourth / Approving the issuance of the system (for the year 2022), the first amendment to the system for freezing terrorist funds (5 for the year 2016), based on the provisions of Clause (Third) of Article (80) of the Constitution, and Article (22) of the Anti-Money Laundering and Terrorist Financing Law (39 of 2015), taking into account the remarks of some members of the Council of Ministers during the meeting session, which were confirmed by the Head of the Legal Department in the General Secretariat of the Council of Ministers.
Fifth / Approval of the following:
Exemption and waiver of collecting fees for traffic plates for vehicles, number (32) vehicles imported for the benefit of the Shiite Endowment Office / the al-Abbas’s holy shrine, the details of which are recorded in the accompanying table.
Linking the letter of the aforementioned threshold No. (635), dated August 14, 2022, mentioned in the two decisions of the Council of Ministers (68, and 237 of 2016), based on the provisions of Article (46) of the Federal Financial Management Law No. (6) of 2019, and Cabinet Resolution (28 of 2020).
Sixth / Approving the amendment of Paragraph (1) of Cabinet Resolution (345 of 2021) regarding the recommendations of the Committee for Setting Standards and Mechanisms for Counting Agricultural Areas Affected by Heavy Rains, Torrents and Floods, to become according to the following:
Approval of reports of torrential damage and rain in the governorates (Basra, Muthanna, Diyala, Anbar, and Wasit). Damages, and funds are allocated within the framework of the draft federal budget law for the fiscal year / 2023, with original records approved by the director of the concerned governorate’s Agriculture Directorate, the director of the financial department, and the director of auditing in the governorate, and what was audited by the governor (three names, type of damage, and notes) audited and printed .
Seventh: Delaying the implementation of Paragraph (Fifth) of the recommendations of the Diwani Order Committee (26 of 2020), related to providing support for agricultural crops (wheat, barley, rapeseed and yellow corn) for the current agricultural season regarding the use of modern irrigation technologies by providing agricultural support at an amount of 50% for fertilizers, and 70% for seeds, and 100% for pesticides, as requested by the Ministry of Agriculture; For the lack of sufficient sprinkler irrigation systems to cover the areas required for the cultivation of strategic crops.” Ended 29 / h
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