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Zig’s Place Chat and News Saturday AM 5-8-21

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Butterfly   An independent politician calls for merging the ministries of electricity and oil into one ministry

Saturday 08, May 2021 09:26…………………The independent politician Thaer Munir Al-Zubaidi called for merging the ministries of electricity and oil into one ministry under the name of the Ministry of Oil and Energy.

Al-Zubaidi said in a press statement: “The crisis of providing electric power has reached a level that has led to massive demonstrations that have spread to several cities in the country calling for their provision and an end to the rampant corruption in several joints of the ministry.”

He added: “The Ministry of Electricity, throughout the past period, justifies the lack of electric power by the lack of supply of the Ministry of Oil with the fuel needed to operate the stations due to the lack of financial allocations or tired routine.”

He stressed: “The need for the government to end this matter and decide to merge the two ministries into one ministry, in order to end this issue that has been stalled for years.”

Al-Zubaidi added, “The specialized parliamentary committee under the name of the Oil and Energy Committee is one committee and not two, and the current government and its predecessors are required to work to merge them, not to satisfy political parties by distributing ministerial portfolios.”

butterfly   Al Rasheed Bank launches the application for personal advances for employees

Saturday 08, May 2021 10:24………..Al Rasheed Bank announced the launch of the electronic application for applying for the advances of government departments employees.

The media office of the bank stated that “the application is available to apply for the advances of employees who are holders of the (Nakheel) card.”

He invited all those wishing to apply to register by entering the link http://bit.ly/2OsWZf3.

butterfly   Farmers in Maysan protest postponement of the date for opening seed companies

Saturday 08, May 2021 10:47 …….. farmers in Maysan protest, in the district Kumait, to demand the opening of seed companies in the southern provinces in the usual the date a year in the eighth month of May, after it was postponed to the twenty – third of it. ”

A number of protesters farmers The postponement decision led to the loss of large quantities of seeds, which caused great harm to them.

butterfly  Economist: Focusing on the growth of foreign financial reserves and neglecting other economic indicators will contribute to the economic backwardness of the country

Saturday 08, May 2021 10:56………….The specialist in economic affairs, Hussein Shaker Tahilo, confirmed that the government’s focus on the growth of foreign financial reserves and neglect of other real economic indicators (GDP, public debt, interest, employment, unemployment, poverty rate, and net foreign trade) will contribute to the economic backwardness of the country.

Tahilo said in a statement to the Iraqi National News Agency / NINA ) said, “The Iraqi government has previously confirmed the policy of changing the exchange rate through the white paper and the budget, that it is a growth in the reserves in the central bank through a decrease in the demand for the dollar in the currency auction and controlling money laundering operations … Etc. Economically, focusing on reserve growth and neglecting other real economic indicators is an economic backwardness. ”

He added that “after the 2021 budget was approved, dollar sales in the currency auction witnessed a rise during the past two weeks, 1.016 billion dollars and 973.215 million dollars, respectively, which categorically confirmed that the exchange rate would remain 1450 dinars against the dollar, which led to intense demand by traders for The dollar is not only to meet the needs of the local market, but also to compensate for the shortfall in merchants ’stocks of various commodities, and this demand will continue and may lead to a further increase in the central bank’s sales of the dollar, thus a decline and decrease in the cash reserve. The Iraqi citizen, as it greatly affected his purchasing power. ”

butterfly  Al-Baiji calls for expediting the disbursement of farmers’ dues as soon as their crops are delivered

Saturday 08, May 2021 11:05………..Independent Representative Mansour Al-Baiji, Prime Minister, asked to instruct the Ministry of Finance to pay farmers’ dues as soon as they hand over their agricultural crops of wheat and barley to the stores of the Ministry of Trade and without delay, as it is the entitlement of farmers and not a favor from anyone.

He explained in a statement: “The funds allocated to farmers were included in the current year’s budget that was voted on in the House of Representatives, and has come into effect. Therefore, there is no reason to delay the payment of farmers’ dues after they deliver their crops to the state. ”

He stressed: “The agricultural sector is one of the most important sectors in the country after the oil sector, and it is imperative for the government to provide it with full support for its advancement by supporting the farmers and providing everything he needs, especially after the qualitative boom achieved by agriculture in our country and providing the full food basket for our people.”

Al-Baiji added: “The continuous support for the agricultural sector and farmers will achieve a great qualitative leap in agriculture, and we will work to export our agricultural crops and cut off imports, which requires the Iraqi government to support the farmer and meet all his needs in order to portray the agricultural sector in the country similar to neighboring countries.”

butterfly   The Iraq Stock Exchange closes its doors in the middle of the week    Saturday 08, May 2021 11:51…………The Iraq Stock Exchange announced that it will close its trading next Monday as a result of the ban and Eid al-Fitr.

The market said in a statement, that “based on the decision of the Council of Ministers and the decisions of the Supreme Health and Safety Committee for the existence of a curfew from 12 to 22 May, the last trading session in securities before Eid Al-Fitr will be next Monday in order to complete the settlements and clearing between brokerage firms and investors.” .

He added that “the first trading session in securities will be after Eid Al-Fitr and the curfew, as of Sunday, May 23.”

It is noteworthy that the Iraq Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and 103 Iraqi joint stock companies are listed in it, representing the sectors of banking, communications, industry, agriculture, insurance, financial investment, tourism and hotels.

butterfly  Parliamentary Finance for / NINA /: The salary scale for employees is not related to the approval of the civil service law   Saturday 08, May 2021 15:43……..The Parliamentary Finance Committee has settled the debate about preparing the new salary scale for state employees and its relationship to the Federal Civil Service Law, which is ready for voting during the next sessions in the current session of the House of Representatives.

A member of the committee, MP Naji Al-Saeedi, stated in a statement to the Iraqi National News Agency ( NINA ) that the discussion and reading of the “Civil Service Law by the Financial Committee has been completed, but the Presidency of Parliament decided to involve the Legal Committee in the presentation of the law”, noting that “the Finance Committee is waiting for comments Legal Committee on the provisions of the law for the purpose of its inclusion for a final vote.

On linking the approval of the law to preparing the new salary scale for state employees, a member of the Parliamentary Finance Committee explained that “preparing the salary scale is the authority of the Council of Ministers, and this has nothing to do with the Civil Service Law.” Law No. 21 of 2008. ”

He added, “The timing of preparing the salary scale for employees rests exclusively with the executive authority and the Ministry of Finance.”

The House of Representatives had finished reading the report and discussion of the draft federal civil service law, in its session held at the end of April 2019, and then decided to postpone the vote on the draft federal civil service law, at the end of December 2019, in order to mature and submit it to vote again later.

butterfly   Governor of Najaf Al-Ashraf to / Nina /: No local projects are lagging in Najaf and the general budget did not provide anything good for the governorates

Saturday 08, May 2021 15:09………The governor of Najaf Al Ashraf, Louay Al-Yasiri, revealed the lagging projects in his governorate, stressing that the 2021 general budget allocations did not provide anything good for the provinces.

Al-Yasiri said, in a statement to the Iraqi National News Agency / NINA /, that “most of the projects that are lagging in the province of Najaf are projects belonging to the ministries, and unlike them, we do not have local projects that are lagging”, referring to the disbursement of the budget allocations for Najaf Governorate for the year 2019 before other provinces.

He added that “the 2021 general budget does not meet the ambition and its allocations are miserable and cannot provide anything good for the governorates in general,” noting that “Najaf’s allocations in the regions’ development budget are 144 billion dinars, and we owed us debts amounting to 312 billion dinars, and the general budget allocations amounted to 90 billion dinars.” JD only. ”

The governor of Najaf explained, “We have real problems in the budgets of the provinces, including the lack of justice in the distribution, allocation and financing, and therefore we suggested to the government that the amounts be delivered to the provinces in periodic payments every 3 months as approved by the House of Representatives to complete the budget before the end of the current year.”

Until “Parliament has put in place a clause to recycle the amounts for the current year, but the remaining period for the end of the fiscal year is seven months insufficient to implement projects according to their required allocations.”

butterfly  Al-Sadr tweets: What is happening against Jerusalem is a crime that must have an international and popular deterrent

Saturday 08, May 2021 08:56 ……………..The leader of the Sadrist movement, Muqtada al-Sadr, criticized the silence on the Israeli attacks on the Palestinians and Al-Quds Al-Sharif.

Al-Sadr said in a tweet: “Once again (Israel) continues with international cover against the Palestinians and Holy Jerusalem. Al- Sadr concluded his tweet by saying:“ This is Najaf’s call to honorable Jerusalem and to their Palestinian brothers: We are with you against our enemy, your enemy, but the enemy of God, humanity, peace and religions. ”/ is over

adding,” Jerusalem must be for all religions, not to a criminal group that does not know the meaning of sanctity or the meaning of religion and belief, positioning itself as a guardian of Jerusalem without an argument or qualification. And all these attacks amid the silence of most Arab and Muslim leaders, as if Jerusalem is Israeli, but Jerusalem is for its people.

He continued, “The violence that occurs against the pioneers of Jerusalem and in the month of Ramadan is a crime that must have an international and popular deterrent, not just Palestinian. May God reward the revolutionaries and the sit-downs who did not and will not fear the occupier’s rifle or his tanks, and will not fear the silence of the claimant of democracy and freedom, Camarica and the like.

butterfly 2021-05-08 03:46  Shafaq News/ A member of the Parliamentary Finance Committee said on Saturday that the fiscal deficit in the general budget for the current year is estimated at 32 trillion dinars, confirming that the rise in oil prices will enable the government to cover the deficit.

Committee member, MP Naji al-Saeedi, told Shafaq News Agency, “The total expenditures in the General Budget for 2021 amounted to 129 trillion dinars, but the fiscal deficit in the law is estimated at 32 trillion.”

Al-Saeedi added, “The price of one barrel of oil in the General Budget Law for the year 2021 was estimated at 45 dollars. Therefore, the rise in oil prices should cover the financial deficit and provide the Ministry of Finance with the petrodollar project allocations and cover other financial obligations.”

Iraq relies on oil sales revenues to finance 95 percent of all state expenditures.

The country has been experiencing a stifling economic crisis since the beginning of 2020 due to the decline in crude oil prices in global markets due to the COVID-19 pandemic.

butterfly  2021-05-08 07:56   Shafaq News/ Iraq received today, Monday, smuggled Antiquities from a European country.   A spokesperson for the Iraqi Ministry of Foreign said in a brief statement that the Netherlands authorities handed Baghdad’s embassy in the Hague seven Antiquities that have been seized in the country.

butterfly 2021-05-08 04:42 Shafaq News / Karim Muhammad, a member of the Sadiqoun parliamentary bloc, revealed on Saturday that there are concerns regarding ISIS members attempting to use booby-trapped drones to target civilians and security forces, following the example of armed groups that relied on this method to target US forces in Iraq.

Muhammad said, to Shafaq News Agency, that “terrorism, spares no dirty method to target security forces and citizens, including drones and bombs” “The aim of this is to discredit the resistance factions that have previously used this method against US forces.”

He added, “There are terrorist groups may launch attacks against military sites in order to push the US forces to retaliate against the resistance factions and leaders of the Popular Mobilization Forces,” stressing that “this matter requires unifying positions to prevent such actions which may drag Iraq towards unimaginable consequences.”

butterfly 2021-05-07 14:56  Shafaq News / The Council of Ministers of the Kurdistan Region issued a statement clarifying the sentence issued by the Court of Appeal regarding five convicted journalists and activists.

The statement, said, “A recent ruling issued by the Court of Appeal in Erbil showed the conviction of five people, and some diplomatic missions’ names appeared in the convicts’ confessions.”

The statement added, “The Kurdistan Regional Government, as it reiterates that the judiciary in the Kurdistan Region is independent of the government, and it is impossible for it to interfere in its affairs or affect its performance, it appreciates its solid partnerships with its allies in the diplomatic and international communities.”

The statement concluded, “We affirm, in this regard, our commitment to freedom of expression, independent media, and the rule of law. We are determined to continue our ongoing struggle against terrorism, prioritizing the safety of our citizens and the diplomatic and international missions in the Kurdistan Region.”

butterfly Know the price of the dollar in all provinces   05/08/2021 ………….{Baghdad: Al Furat News} The exchange rate of the dollar throughout the provinces witnessed a slight decrease in the exchange rate.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram

Baghdad – Al-Kifah Stock Exchange  148,550   …. The price in exchange (approximate) 148,000  149,000

Sulaymaniyah / Stock Exchange  148,800

Basra / Stock Exchange   148,600

Mosul / Bursa   148,900

Nasiriyah  148,650

Diyala   148,750

Salah al-Din / Samarra  148,800

butterfly  The Iraqi Stock Exchange trades shares worth 60 billion dinars within a month   05/08/2021…{Economic: Al Furat News} The Iraqi Stock Exchange announced, on Saturday, the circulation of 41 billion shares, with a financial value of 60 billion dinars, last month.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

The market said in a report; “The number of companies whose shares were traded during the past month amounted to 61 companies, while the shares of 23 companies were not traded because the prices of purchase orders do not coincide with sale orders, while 19 companies continue to be suspended for not providing disclosure out of 103 companies listed in the market.”

He added that “the number of shares traded for the past month reached 41 billion shares, a decrease of 35.9% from the previous month, with a financial value of 60 billion dinars, an increase of 76.5% over the previous month, through the implementation of 13 thousand and 53 deals,” noting that “the price index Trader ISX60 closed in its last session at 592.74 points, recording an increase of 4.6% than its previous closing level.

He pointed out that “the shares purchased from non-Iraqi investors amounted to 1 billion shares with a financial value of 3 billion dinars through the implementation of 827 deals, while the shares sold by non-Iraqis in the market amounted to 1 billion shares, with a financial value of 1 billion dinars through the implementation of 534 transactions.” .

It is noteworthy that the Iraq Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and 103 Iraqi joint stock companies are listed in it, representing the sectors of banking, communications, industry, agriculture, insurance, financial investment, tourism and hotels.

butterfly  For the second day … stabilization of the dollar’s price   05/08/2021 ….{Economic: Al Furat News} The exchange rates of the dollar stabilized with the main stock exchange in the Al-Kifah and Al-Harithi markets in the Iraqi capital, Baghdad, from trading as a result of the comprehensive ban that was applied during the last period of Friday and Saturday.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

Observers confirmed that the main stock exchange in the Al-Kifah and Al-Harithiya market in Baghdad stopped trading as a result of the implementation of the comprehensive ban.

They said that the buying and selling prices have stabilized in the exchange shops in the local markets, some of which have opened their doors in Baghdad, where the selling price reached 149,000 Iraqi dinars, while the purchase prices reached 148,000 dinars per 100 US dollars.

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