Zig’s Place Sunday Afternoon

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Zig’s Place Chatroom News Sunday Afternoon 5-22-22

 

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Butterfly   Central Bank of Iraq increases Capital ………… The Central Bank of Iraq (CBI) has reportedly announced an increase in its capital.

 

State-owned Iraqi News Agency (INA) said that the capital will be increased from 3 trillion dinars (approximately $2 billion) to 5 trillion dinars.  It quotes the media office of CBI as saying that the increase was made using part of the profits achieved by CBI in 2021.   (Source: INA)

 

butterfly  Canada Increases Support to Iraq …….. The Government of Canada has pledged an additional CAD 10 million (approximately US$ 7.8 million) to support the United Nations Development Programme (UNDP) in Iraq as it works to accelerate stabilization efforts and boost sustainable livelihoods across western Anbar and Ninewa.

 

Canada’s generous contribution will be channelled through UNDP’s flagship programme, the Funding Facility for Stabilization (FFS), established in 2015 to fast-track stabilization efforts in areas liberated from Daesh. To date, Canada has provided over US$ 39.6 million, including supporting UNDP’s COVID-19 response package to the Government of Iraq.

 

Focusing on young people and women, the funding will prioritize skills development and training, small grants for new enterprises and start-ups, and the rehabilitation of damaged houses to enable the safe and dignified return of hardest to return population groups.

 

With FFS transitioning in 2023, UNDP will also use the contribution to build the capacity of the Government of Iraq, allowing it to leverage existing structures and processes to ensure remaining needs are met quickly and to the highest standards.

 

“We are extremely grateful to the Government of Canada for this generous contribution which will safeguard the hard-won stabilization gains made since 2015. Our strong and continuous partnership will give women and young people greater financial independence by providing more jobs, more opportunities and practical skills training,” says UNDP Resident Representative in Iraq, Zena Ali Ahmad.

 

butterfly  “The emphasis on building infrastructure and rebuilding homes that prioritize the needs of women and girls is equally important. Thanks to support from Canada and the international community, UNDP will continue to deliver at high speed, scale and quality,” adds Ms Ali Ahmad.

 

“The Funding Facility for Stabilization continues to deliver projects that are critical to supporting the transitions between humanitarian, peace, and development efforts in Iraq,” says the Canadian Ambassador to the Republic of Iraq, Gregory Galligan. “Canada’s latest contribution reinforces our commitment to stabilizing areas liberated from Daesh, and ensuring that gender equality is a cornerstone of those efforts.”

 

With the support of 30 partners and the Government of Iraq, the FFS has completed over 3,100 projects in areas liberated from Daesh. This has facilitated the dignified and safe return of over 4.8 million Iraqis to their communities of origin, where they hope to restart their lives.  (Source: UN)

 

butterfly  2022-05-22 06:37  Shafaq News/ A member of Al-Fatah’s parliamentary bloc on Sunday said the emergency bill on food security and development was revoked for technical and legal Irregularities, reiterating its rejection of granting Mustafa al-Kadhimi’s caretaker government the power to defer bills.

 

The head of the bloc, Abbas al-Zameli, said in a statement to Shafaq News Agency, “we rejected the bill for legal and technical Irregularities… Even though we took part in the discussion of the final draft of the food security bill prior to its revocation.”

 

“Of course, we do not oppose the food security bill. In fact, it passed the first reading in the parliament,” he continued, “but we rejected its legislation under the current circumstances.”

 

“A caretaker government cannot be awarded the powers to enact laws. We shall find a political solution for the ongoing stalemate.”

 

“We will maintain patent channels with other lawmakers on the food security bill. Laws that have a financial aspect shall be handled properly,” he concluded.

 

butterfly   2022-05-22 07:04  Shafaq News/ The Presidency of the Kurdistan region refuted media reports claiming that it asked for the United Nations Security Council’s mediation to address the ongoing row between Baghdad and Erbil.

 

The media office of President Barzani dismissed these reports as “unfounded” and ” fabricated”, stressing that the region’s presidency did not make such statements.

 

butterfly   2022-05-22 05:52  Shafaq News/ The President of the Kurdistan region, Nechirvan Barzani, said that the main forces in Iraq has managed to reach a common ground to resolve the political deadlock in the country, ushering an end to the media row between the leading parties in the region.

 

Barzani’s remarks came during a speech he delivered in the commissioning ceremony of the 16th class of cadets graduating from the third Military School in Qallacholan, al-Sulaymaniyah, earlier today, Sunday.

 

“We are still in contact with the parties in Iraq and the Kurdistan region to address the ongoing political impasse,” the President said.

 

butterfly   2022-05-22 03:33  Shafaq News/ The U.S. dollar (USD) exchange rate against the Iraqi dinar (IQD) slipped in the daily transactions at the official markets of Baghdad and Erbil on Sunday.

 

Shafaq News Agency correspondent said that the Central al-Kifah and al-Harithiya exchanges are trading the USD at a rate of 148,150 IQD to 100, 50 IQD below Saturday.

 

Our correspondent said that the selling and buying rates of 100 USD in the local markets of the Iraqi capital rested at 148,750 and 147,750 IQD, respectively.

 

In the capital of the Kurdistan Region, Erbil, the selling and buying rates settled at 148,400 and 148,200 IQD to 100 USD.

 

Butterfly   IRAQI PRIME MINISTER ANNOUNCES DAY-OFF DUE TO ONCOMING DUST STORM ……… SULAIMANI — Iraqi Prime Minister Mustafa al-Kadhimi issued an announcement on Sunday (May 22) that Monday will be a day off for employees at all directorates except for the health ministry and local security forces due to the weather conditions brought on by the dust storm in the country.

 

The Iraqi Minister of Education, Ali Hamid, also announced school examinations are postponed until Tuesday.

 

The spokesperson of the Iraqi Ministry of Transport and Communications said all flights on Sunday in Iraq were delayed to Monday because of the dust storm.

 

However, the manager of Sulaimani airport, Tahir Abdulla, said flights to the city have not been suspended, adding, “The weather in Kurdistan will decide whether or not to halt trips.”

 

Sulaimani’s Governor, Haval Abubakir, said local authorities will depend on the up-to-date weather conditions and stated that so far there was no need to suspend the workday.

 

The Sulaimani Director of Public Education, Raz Karim, also said Monday will be a normal school day and the day off announced by the federal government would not apply to the Kurdistan Region.

 

Amer Jabri, the spokesman of the Iraqi Meteorology and Seismology Directorate, told NRT on Saturday that another dust storm is expected to sweep through Iraq beginning on Sunday evening and lasting until the end of Tuesday.

 

butterfly   TRIAL OF EUROPEAN TOURISTS ACCUSED OF SMUGGLING IRAQI ANTIQUITIES POSTPONED …………. SULAIMANI — The trial of two foreign tourists charged with attempting to smuggle antiquities out of Iraq has been postponed at the request of the defendants’ lawyers, the Associated Press (AP) reported on Sunday (May 22).

 

Volker Waldman, a German citizen, and Jim Fitton, a geologist from the UK, are facing charges after pottery shards that Fitton collected at the ancient Sumerian site of Eridu were discovered in their luggage as they were leaving Baghdad in March.

 

Waldman and Fitton said they were not informed of the Iraqi law on smuggling antiquities, according to the AP, which noted the charge could technically result in the death penalty, although officials note this is highly unlikely.

 

Their trial was delayed at the request of Waldman’s lawyer, who filed a motion to allow more time to gather information on the fragments of pottery, which could be categorized as archaeological pieces, the AP stated.

 

Fitton’s family has issued a statement along with a petition on change.org calling for the UK Foreign Office to intervene in his case.

 

The family said in its statement that Fitton and other tourists, who were part of a tour group, were unaware the shards of pottery at the site of Eridu were considered valuable. They stated Fitton and others had been told by the group leader and a representative of the tourism ministry that the debris was not of historic value.

 

Wera Hobhouse, an MP from the British city of Bath, said in a Facebook post on May 4 that she has raised Fitton’s case in parliament and would “continue to pressure the Foreign Office to intervene.”

 

The tour group’s leader, Geoff Hann, died of a stroke at the age of 85 after he was prevented from leaving on a flight due to his poor health and taken to a hospital in Baghdad. Fitton’s family said he had been in increasingly poor health during their trip.

 

butterfly   Hann had led tour groups to Iraq for more than 40 years, including during the Iran-Iraq war, according to the National UAE.

 

butterfly   2022-05-22 13:52  Shafaq News / A reliable political source revealed to Shafaq News agency that the new Iranian ambassador to Baghdad, Mohammed al Sadiq, is leading an initiative to resolve the current political impasse in Iraq, instead of The commander of the Quds Force in the Iranian Revolutionary Guards, General Ismail Qaani.

 

The source said that the new ambassador has strong ties and is in contact with all Iraqi political parties.

 

In addition, the source added that Muqtada al-Sadr had preciously rejected Iranian initiatives to solve the crisis, which prompted Al Sadiq to meet other Iraqi political figures, especially allies of the Sadrist movement from the Kurdistan Democratic Party and al-Siyada coalition, according to the source.

 

butterfly 2022-05-22 13:29  Shafaq News/ Mustafa al-Kadhimi’s caretaker government might be able to defer an emergency bill on food security and development amid talks about a consensus inside the parliament, a source revealed on Sunday.

 

“The government might be able to defer the bill if it obtains an official approval from the parliament,” the source told Shafaq News Agency.

 

“The majority of the forces condones this step in order to facilitate the passing of the bills relevant to people’s lives,” the source continued, “the food security is not incompatible with the general budget law. It only expedites the necessary allocations to fund food, medicine, and energy requirements.”

 

Legal expert Ali al-Tamimi suggested that “the parliament might grant the caretaker government the right to defer the general budget of 2022 exclusively, given it is relevant to the food security of the Iraqis; a top priority to any caretaker government.”

 

“To grant the government such authorization, an absolute parliamentary majority (50%+1) is required. Of course, the authorization shall be exclusive to the general budget bill. Moreover, the new budget shall adopt the concluding accounts of the previous budget in accordance with the law of financial management and public debt No. 6 of 2019, Articles 62, 5, and 61 of the Constitution, 12 and 13 of the law of financial management and public debt No. 6 of 2019, and Articles 128 to 138 of the parliament’s internal law.”

 

butterfly   2022-05-22 11:22 Shafaq News/ The U.S. dollar (USD) exchange transactions against the Iraqi dinar (IQD) closed at a slightly lower rate in the markets of the Iraqi capital, Baghdad, today, Sunday.

 

Shafaq News Agency correspondent said that the USD closed at a rate of 148050 IQD to 100 in al-Kifah and al-Harithiya Central Exchanges.

 

The selling and buying rates of the USD in Baghdad’s local markets stood at 148500 and 147500 IQD for 100 USD, respectively.

 

butterfly   2022-05-22 10:16  Shafaq News/ The Iraq Stock Exchange (ISX) traded equities valued at more than 10 billion last week.

 

A report of the market obtained by Shafaq News agency said, “51 publicly traded companies cast out of 38 enlisted companies. The equities of 33 companies were not put into trade due to supply-demand disparities. fourteen companies were delisted by the Iraqi Securities Commission for violating the disclosure regulations.”

 

“5.895.797.000 equities were traded this session at a value of 10.015.299.000 dinars via 3105 transactions. ISX60 index closed at 583.47,” the report added.

 

It is noteworthy that Iraq Stock Exchange installed Central Depository and Electronic Trading Systems in 2009. It organizes five weekly sessions and lists 103 public companies from different economic sectors.

 

butterfly    INTERESTING…….2022-05-22 08:22  Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $197.8 million in foreign currency (forex) today, Sunday.

 

Shafaq News Agency correspondent said that the CBI foreign currency sales in today’s auction amounted to $205,400,248. The transactions were made at a weighted average of 1460 dinars to one dollar.

 

Our correspondent explained that 13 banks and 141 exchange companies cashed out $19.650 million. The remaining $185,354,248 went to boost funds in the form of credit and non-cash transactions, with 32 banks meeting those requests.

 

Butterfly   The Central Bank of Iraq (CBI) has reportedly announced an increase in its capital.

 

State-owned Iraqi News Agency (INA) said that the capital will be increased from 3 trillion dinars (approximately $2 billion) to 5 trillion dinars.

 

It quotes the media office of CBI as saying that the increase was made using part of the profits achieved by CBI in 2021.

 

Butterfly  2022-05-22 10:16  Shafaq News/ The Iraq Stock Exchange (ISX) traded equities valued at more than 10 billion last week.

 

A report of the market obtained by Shafaq News agency said, “51 publicly traded companies cast out of 38 enlisted companies. The equities of 33 companies were not put into trade due to supply-demand disparities. fourteen companies were delisted by the Iraqi Securities Commission for violating the disclosure regulations.”

 

“5.895.797.000 equities were traded this session at a value of 10.015.299.000 dinars via 3105 transactions. ISX60 index closed at 583.47,” the report added.

 

It is noteworthy that Iraq Stock Exchange installed Central Depository and Electronic Trading Systems in 2009. It organizes five weekly sessions and lists 103 public companies from different economic sectors.

 

butterfly   2022-05-22 08:22  Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $197.8 million in foreign currency (forex) today, Sunday.

 

Shafaq News Agency correspondent said that the CBI foreign currency sales in today’s auction amounted to $205,400,248. The transactions were made at a weighted average of 1460 dinars to one dollar.

 

Our correspondent explained that 13 banks and 141 exchange companies cashed out $19.650 million. The remaining $185,354,248 went to boost funds in the form of credit and non-cash transactions, with 32 banks meeting those requests.

 

butterfly   2022-05-22 07:04   Shafaq News/ The Presidency of the Kurdistan region refuted media reports claiming that it asked for the United Nations Security Council’s mediation to address the ongoing row between Baghdad and Erbil.

 

The media office of President Barzani dismissed these reports as “unfounded” and ” fabricated”, stressing that the region’s presidency did not make such statements.

 

butterfly   Key Iraq irrigation reservoir close to drying out ……… https://english.alarabiya.net/News/middle-east/2022/05/23/Key-Iraq-irrigation-reservoir-close-to-drying-out-

 

butterfly   Today, Sunday, the Vienna Health Authority confirmed the emergence of the first infection with monkeypox in Austria, after reporting a suspected case of this case.

 

The authority said on Twitter, “It was confirmed that a case was suspected of being infected with the smallpox virus,” adding that “the tests confirmed that the patient was infected with the virus, and that given the symptoms that appeared on him, it is safe to assume that it was monkeypox.”

 

The authority stated that the injured person was transferred to a hospital in the city, suffering from a fever and skin injuries.

 

butterfly   Today, Sunday, the General Secretariat of the Council of Ministers announced the suspension of official working hours in state institutions, tomorrow, Monday, due to bad weather.

 

And she said in a statement, received by the News Agency (Press) that the Prime Minister directed the suspension of official working hours in official institutions, tomorrow, Monday, with the exception of health, security and service departments, due to bad weather conditions, and the entry of a wave of severe dust storms to separate areas. from Iraq.

 

 

 

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