The Governor of the Central Bank of Iraq sponsors the celebration of the Basra branch on the occasion of its founding anniversary

Monday, His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhif, sponsored the celebration held by the Central Bank branch in Basra on the occasion of the 65th anniversary of its founding.

The celebration was attended by the Governor of Basra, Mr. Asaad Al-Eidani, and a number of stakeholders in the banking and financial sector in the province.

His Excellency said in his speech during the celebration, “Basra governorate represents the economic lung of Iraq and constitutes an important population and commercial weight, in addition to its historical position, and this is what calls us to strengthen the work of the banking sector in it.” He added, “The development initiatives of the Central Bank have contributed to supporting and establishing projects in southern Iraq, and have positively impacted the economy in these governorates through the creation of new jobs and the expansion of local industry.” His Excellency briefed the Governor on the procedures for the progress of work for the sections of the bank’s branch in Basra.

He praised the “efforts made by the branch’s management and employees”.

Central Bank of Iraq
information Office
January 24, 2022

Cbi.iq/news/

Al-Sadr and Barzani discuss political developments and unify the national ranks

Baghdad / Obelisk: The leader of the Sadrist movement, Muqtada al-Sadr, and the head of the Kurdistan Democratic Party, Massoud Barzani, discussed the political developments and national unification.

In a statement received by Al-Masala, Al-Sadr’s office said that Al-Sadr had received a phone call from Massoud Barzani.

He added that during the call, the most important issues related to political developments in Iraq and the need to unify the national ranks at the current stage were discussed to serve the interests of Iraq and its people.

Almasalah.com

BGG ~ Some key points:

1) It was just a phone call…

2) Barzani had to call Sadr…

3) Sadr probably does need the Kurds…

4) but he is making Barzani come crawling… (also – Barzani, “the elder”, probably shouldn’t look for much in the way of concessions).

Iraqi banks call for activating the initiative of the CBI for lending in Kurdistan

Shafaq News/ The head of the Iraqi Private Banks Association called, on Tuesday, to activate the initiative of the Central Bank of Iraq to lend in the Kurdistan Region.

The association’s media said, in a statement received by Shafaq News Agency, that the head of the Association of Iraqi Private Banks, Wadih Al-Handal, visited with his accompanying delegation the Tourism Authority in the Kurdistan Region, and he was received by the President of the Tourism Authority, Amal Jalal, the advanced staff in the authority and the Director General of the Tourism Department in Dohuk Khairy.

Ali, indicating that during the meeting, joint cooperation and ways to activate the tourism sector in the Kurdistan Region were discussed.

Al-Handal indicated, according to the statement, the necessity of activating the initiative of the Central Bank of Iraq in lending small, medium and large tourism projects, which receives full sponsorship and support by the Association as it is implemented by Iraqi private banks, including banks established in the region.

Al-Handal also presented a brief idea of ​​the broad support programs provided by the Tamkeen Fund (which is managed under the umbrella of the Central Bank of Iraq with the active participation of the Association as it is funded by Iraqi private banks), with a focus on grants provided for the reconstruction of religious and cultural centers in various parts of Iraq, the latest of which is Reviving Al-Mutanabi Street, as well as restoring the Lalish Center for the Yazidi community in Kurdistan.

Al-Handal indicated that the association is studying a project that will be presented to the Tamkeen Fund to establish a civilizational and cultural center to be held in the historic Erbil Citadel.

For her part, Amal Jalal welcomed this visit to the head of the Association of Banks and Joint Cooperation between the two parties, and presented an idea of ​​her continuous efforts to develop the tourism sector, which she has made since assuming the responsibility of the authority until now, and she has a strong orientation towards training human cadres in the authority and creating a tourism culture in the community, and pointed out that An ambitious program towards taking care of the many cultural and religious centers in the Kurdistan Region.

Shafaq.com

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Al-Sadr welcomes the Supreme Court’s ruling: proceeding with a national majority government

Shafaq News/ The leader of the Sadrist movement, Muqtada al-Sadr, welcomed the Supreme Federal Court’s ruling in the complaint challenging the legitimacy of the parliament’s inaugural session.

Earlier today, the court dismissed the complaint filed by MP Basem Khashan citing “legal and constitutional violations” in the election of the Parliament Speaker, Mohammad al-Halboosi, and his two deputies, and reversed their suspension.

The court said that MP Khaled al-Darraji chairing the session does not violate the constitution.

Per the court’s ruling, the legislative assembly’s first session and the consequent vote for its presidium were adjudicated “legitimate”.

“Once again, the Iraqi judiciary proves its integrity, independence, and resistance to political pressures,” al-Sadr tweeted.

“We are making progress toward forming a national majority government. Our door is opened to those we think highly of,” he added.

The Populist Shiite Cleric cited “opposition and boycott” as healthy alternatives for the parties hesitant about allying themselves with his party.

“No for subordination, no for violence, no for breaking the law,” he concluded.

Shafaq.com

The Central Bank contributed to the establishment of projects in southern Iraq

Economy News – Baghdad: The Governor of the Central Bank, Mustafa Ghaleb Mokhief, announced that the development initiatives launched by the Central Bank contributed to supporting and establishing projects in southern Iraq, creating new jobs and expanding the industry.

The Governor of the Central Bank said, during the celebration held by the Central Bank branch in Basra on the occasion of the sixty-fifth anniversary of its founding, that “Basra governorate represents the economic lung of Iraq and constitutes an important population and commercial weight, in addition to its historical position, and this is what calls us to strengthen the work of the banking sector in it.” .

He added, “The development initiatives of the Central Bank have contributed to supporting and establishing projects in southern Iraq, and have positively impacted the economy in these governorates through the creation of new jobs and the expansion of local industry.”

And he was briefed on the workflow procedures for the sections of the bank branch in Basra. He praised the “efforts made by the branch’s management and employees,” vowing to “overcome all obstacles and difficulties facing their work.” On the sidelines of the celebration, His Excellency the Governor honored a number of distinguished banks operating in the governorate .

Economy-news.net

Saudi Arabia and Iraq sign an electrical interconnection agreement between the two countries

Riyadh – Mubasher: Saudi Energy Minister Prince Abdulaziz bin Salman signed today, Tuesday, a memorandum of understanding in the field of electrical interconnection with Iraq, with the Secretary of the Iraqi Council of Ministers, Hamid Al-Ghazi.

The Saudi Ministry of Energy said, through its official account on “Twitter”, today, Tuesday, that the signing ceremony of the memorandum of understanding witnessed the participation of the Iraqi Oil Minister Ihsan Abdul-Jabbar and the Iraqi Minister of Electricity in charge, Adel Karim; To follow up via video call.

The Secretary of the Iraqi Council of Ministers, Hamid Al-Ghazi, said that this connection will add to the Iraqi electric power to relieve the burden of the Iraqi citizen; This is what the Iraqi government seeks in partnership with the Kingdom.

Al-Ghazi added that the signing of the memorandum of understanding between Iraq and the Kingdom has economic and political returns, and as a result the current government’s policy is to open the spirit of competition between all the neighboring countries of Iraq and there will be a plurality of energy sources, which is the strategy adopted by the government.

Al-Ghazi noted that Iraq may be a corridor country for the export of electricity to other countries such as the countries of the Arab Mashreq and North Africa.

And he added, “We hope to complete this connection as soon as possible to solve the current electricity crisis, because the electricity crisis is one of the government’s priorities. We must speed up the executive side and we will provide all facilities and support with the brothers in the Ministry of Energy in Saudi Arabia to complete the project.”

The Secretary of the Iraqi Council of Ministers pointed out that the cooperation will move to other projects such as oil, gas, agriculture and petrochemicals between the two countries. It is the result of the development of Iraq between the Kingdom and Iraq.

Mubasher.info

Al-Ghizi: electricity link-up between Iraq and Saudi Arabia has benefits and will be tangible for citizens

Cabinet Secretary General Hamid al-Ghizi said Tuesday that electricity link-up with Saudi Arabia has economic benefits, while noting that Prime Minister Mustafa al-Kadhimi directed the Ministry of Electricity to provide facilities.

“Iraq is in dire need of electricity, and this link-up adds to electricity in partnership with the Kingdom,” al-Ghizi said in a speech prior to the signing of the electricity connection agreement with Saudi Arabia, which was attended by a reporter of the Iraqi News Agency (INA), adding that “efforts between technical teams have led to the signing of the memorandum of understanding, which will yield economic benefits, as well as create competition among other countries for energy multiplicity.”

“The government’s approach aims at multiple energy, since 2020 has set its priorities in several areas, including electricity connection, and started with Jordan and Turkey, and this day with Saudi Arabia, in addition to the global trend towards energy and the need to connect the countries of the Arab and regional region,” he said, adding that “Al-Kadhimi directed the Ministry of Electricity to provide all facilities to complete this project.”

Ina.iq

The Federal Supreme Court rejects the appeal in the first session and considers the election of Al-Halbousi legitimate

The Federal Court ruled, on Tuesday, the constitutionality of the first session of the Iraqi parliament, and the validity of the procedures for electing the Presidency, which means the invalidity of the lawsuit filed by Representative Basem Khashan in this regard.

Iraqtoday.com

The Federal Court rejects the case to challenge the constitutionality of the first session of Parliament

The Federal Court decided, on Tuesday, to reject the challenge to the constitutionality of the first session of Parliament, while noting that MP Khaled Al-Daraji presiding over the first session of Parliament does not contradict the provisions of the constitution.

The court also decided, in its session, which was held today, to cancel the state order regarding the temporary suspension of the Presidency of the Parliament, stressing that Al-Mashhadani cannot continue to run the Parliament session after announcing his candidacy for the presidency of Parliament.

Mawazin.net