Iraqi Economic News Highlights Friday Evening

Friday Evening Iraq Economic News Highlights 9-23-22

We Have An Opportunity To Build Iraq.. Al-Kazemi: I Will Call For A Third Round Of National Dialogue To Solve Our Problems


Friday, 23 September 2022 11:11 am   Baghdad / National News Center   Today, Friday, Prime Minister Mustafa Al-Kazemi announced that he will call for a third round of national dialogue.


Al-Kazemi said in a press statement on the sidelines of his participation in the meeting of the United Nations General Assembly, in which he will deliver Iraq’s speech this evening: “In our speech at the United Nations General Assembly, I will explain the political, economic, cultural and climatic reality and the many challenges,” noting that “all leaders of the world state are unanimous on the importance of Iraq’s role consolidating stability in the region.”


He called on “political forces to assume their historical responsibility towards Iraq and to take advantage of the opportunity for national dialogue.”


Al-Kazemi added, “I will call for a third round of national dialogue to solve our problems, and we have no way but dialogue, and we have an opportunity to build Iraq,” stressing that “the stability of the region has positive repercussions on the situation in Iraq.”


He pointed out that “Iraq succeeded in converging the views between Iran and Saudi Arabia and other countries that succeeded in restoring their relationship with each other after that.”


He pointed out that “the white paper succeeded in achieving economic reform.”


Al-Kazemi continued: “There are those who wish the government to fail in everything because of personal differences with me,” calling on “all parties that have differences with me to liquidate them away from the interests of the people.”


Parliamentary Integrity Demands The Disclosure Of The Details Of The Disappearance Of $ 800 Million


Political | 07:33 – 09/22/2022    Baghdad – Mawazine News, a member of the Parliamentary Integrity Committee, Ahmed Taha Al-Rubaie, called on Thursday for the government to reveal the details of the disappearance of $800 million in the Ministry of Finance.


Al-Rubaie said in a statement that Mawazine News received a copy of it: “During the past few days, we have followed the movements of the Minister of Finance and Agency, during which he dismissed the Director General of the General Tax Authority and a number of his assistants and managers against the background of what official documents described as not controlling huge sums of money estimated at “800” One million dollars, as revealed by sources inside the ministry to some media outlets, and the ministry did not come out with a denial or confirmation of the issue despite the seriousness of this disaster.


” It is one of the biggest embezzlement and corruption operations inside the country.”


He wondered about “the reasons for exempting the Director General of Taxes and some officials in the authority without referring them to the judiciary, which indicates the possibility of influential parties standing behind those responsible for this apparent theft.”


He called on the competent regulatory authorities, such as the Integrity Commission, the Office of Financial Supervision and the Public Prosecution, to “take all means to track people’s money, return the stolen money, and open an urgent investigation into the causes of this financial disaster.” Ended 29 / h


In Three Phases, At A Cost Of $300 Million, A Strategic Heavy Water Treatment Project In Erbil


Posted On2022-09-22 By Sotaliraq    Today, Thursday, the Ministry of Municipalities and Tourism of the Kurdistan Regional Government announced the implementation of a major strategic project in the capital, Erbil.


The ministry said in a statement that “a heavy water treatment project will be implemented in Erbil, in three phases, at a cost of $300 million, and the water generated from the project will be allocated to water the green spaces in the city.”


The cost of the project is about 300 million dollars, and it is financed by a loan from the Japanese government.


In the same context, the Director General of Water and Sewage in the Ministry, Engineer Ari Ahmed, said: “The project will be implemented in 3 phases, and currently funds have been provided to start the first phase, which amounts to 75 km, and in the second phase, 400 km of heavy water will be treated.”


Noting that “the implementation of these projects will lead to creating job opportunities for the local workforce.”   LINK


Al-Kazemi Expects An Increase In Iraq’s Cash Reserve, And It Will Reach $100 Billion


Shafaq News/ The Iraqi Prime Minister, Mustafa Al-Kazemi expected, on Friday, to increase the country’s cash reserve to reach $100 billion.


Al-Kazemi said in an interview with the state media before giving a speech at the General Assembly meeting in New York, that “the white paper succeeded in achieving economic reform.”


And he added, “The cash reserve under our government has reached 68 billion dollars, and it is expected to increase to 100 billion dollars.”


Al-Kazemi stated that Iraq has achieved the largest and fastest economic growth and has become the first in the Middle East and fifth in the world.    LINK


The Baghdad Stock Exchange Closed On The Stability Of The Dollar Exchange Rates


Shafaq News/ The exchange rates of the dollar stabilized against the Iraqi dinar, today, Thursday, with the closure of the main stock exchange in Baghdad.


Shafak News Agency correspondent said that the central Al-Kifah and Al-Harithiya stock exchanges closed in Baghdad at 147,625 Iraqi dinars for $100, which are the same prices recorded this morning.


Our correspondent indicated that the buying and selling prices in banking shops in the local markets in Baghdad stabilized, as the selling price amounted to 148000 Iraqi dinars, while the purchase prices amounted to 147000 dinars per 100 dollars.   LINK


Basra Oil Issues Clarification On The Tender For Gas Investment In West Qurna Field


Published: 23.09.2022 | 09:53 GMT |  Last update: 23.09.2022 | 09:54 GMT |money and business


The Basra Oil Company responded to what was circulated by some media outlets of “lies, slanders and paid allegations regarding the tender for a gas compression and drying station in the West Qurna 2 field.”


In a statement, the company denied what was circulated, stressing that the Russian “Lukoil” company had supported the position of the Ministry of Oil and Basra Oil regarding the cancellation of the above tender due to the lack of the required competitive conditions, because it was limited to two companies only, and “Lukoil” pledged to announce a new competitive tender, By inviting solid specialized companies, which contribute to the implementation of joint management plans for the West Qurna 2 field, in the optimal investment of associated gas, this came through a letter received by Basra Oil from “Lukoil”.


The company stressed that it will resort to the judiciary to prosecute all parties that try to mislead public opinion, and offend national and foreign companies operating in Iraq.    Source: RT    LINK


The National Union Bloc: Cancellation Of The National Oil Company Is In The Interest Of The Kurdistan Region


Shafaq News/ The Patriotic Union of Kurdistan bloc in the Iraqi parliament confirmed on Friday that the decision of the Federal Supreme Court to cancel the establishment of the National Oil Company is in the interest of the Kurdistan Region at the present time.


Member of the bloc, Nermin Maarouf, said in a statement received by Shafaq News Agency, that the Iraqi Council of Ministers Decision No. 109 regarding the establishment of the National Oil Company was previously challenged, indicating that “the decision stipulated placing all oil companies, including (SOMO) at the disposal of the National Company. “.


She pointed out that “the decision to cancel was based on the conviction of the Federal Court that the decision of the Council of Ministers in the form of the National Oil Company was unconstitutional,” explaining that “the cancellation was made at the request of three deputies to the Federal Court.”


Othman confirmed that “the decision to cancel harms the Iraqi government, but at the same time it is in the interest of the region, because the Minister of Oil was in the process of controlling the region’s oil through that supposed company,” considering that “the decision to cancel at the present time blocks the way for the Iraqi government to impose pressure on the region.” Kurdistan Region”.


On Wednesday, MP Mustafa Sanad announced that the Federal Supreme Court had reversed the decision assigning the current Oil Minister, Ihsan Abdul-Jabbar Ismail, to the tasks of managing the National Oil Company.


Sanad said in a video clip, after the court issued its decision, that “the Federal Court decided to cancel the assignment of Ihsan Abdul-Jabbar with the tasks of managing the National Oil Company, according to the joint lawsuit that I filed with MPs Bassem Khashan, Uday Awad and Intisar Al-Moussawi.”


Sanad expressed his joy at this decision, noting that “the decision combined the efforts of civil activists and benevolent people who demanded that this person (the Minister of Oil) not extend and incur the state.”


And he indicated that, “Following this decision, penal decisions will be issued as a result of the losses caused by the unconstitutional decisions,” noting that “there is a perjury because the constitutional violation came against Prime Minister Mustafa Al-Kazemi and the current Oil Minister, and I am trying to atone for my guilt towards the Iraqis.”    LINK