Joint cooperation between Al-Maliki and Al-Mashhadani to enhance the work of Parliament

Joint cooperation between Al-Maliki and Al-Mashhadani to enhance the work of ParliamentShafaq News/ The head of the State of Law Coalition, Nouri al-Maliki, stressed on Sunday the necessity of activating the mechanisms of the legislative authority, during his reception of the Speaker of the Council of Representatives, Mahmoud al-Mashhadani.

In the context of the meeting, Al-Maliki pointed out the importance of enhancing coordination and cooperation between the political forces and the Presidency of the House of Representatives, stressing the importance of collective work to present laws and legislation that serve the interests of the citizen and the country’s supreme interests.

The two sides also discussed the challenges facing the political process in Iraq, and the need to find effective solutions to ensure the country’s stability and enhance the democratic experience.

For his part, Al-Mashhadani expressed the commitment of the Presidency of the Council of Representatives to move forward in completing its tasks, stressing the importance of the political forces supporting the Council’s efforts to achieve the required reforms and meet the needs of citizens.

Last Thursday evening, the Iraqi Parliament elected Mahmoud Al-Mashhadani as its Speaker, after nearly a full year of political deadlock and failure more than three times to resolve the issue.

shafaq.com

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Iraqi Negotiating Committee with America Stresses Transferring the “Military” Relationship to an Economic Partnership

Shafaq News / The Supreme Coordination Committee for the Strategic Framework Agreement for Friendship and Cooperation with the United States of America stressed the need to move the relationship with Washington to an economic partnership and not focus on military affairs.

This came during the committee’s regular meeting, headed by Foreign Minister Fuad Hussein, today, Sunday, in the presence of all representatives of the subcommittees within the Supreme Committee, according to a statement by the committee received by Shafaq News Agency.

The statement said, “During the meeting, the latest developments in bilateral relations between Iraq and the United States of America were discussed, in addition to reviewing the achievements approved during the last meetings between the two parties in mid-April in Washington, DC. The future working papers that will be discussed during the upcoming meetings of the committee, scheduled to be held in February of next year, were also discussed within the agreed upon axes, which include cooperation in the fields of politics and diplomacy, security and defense, energy, economy, education, health, and the environment.”

The Foreign Minister stressed the importance of strengthening relations with the United States of America by implementing the provisions of the agreement, and moving the relationship to a solid economic partnership. He also stressed the need not to focus only on military and security aspects, but rather to expand cooperation to include economic, health, educational, and other fields.

Shafaq.com

MP: America is waging an economic war against Iraq

Information / Baghdad… Today, Sunday, the representative of the Sadiqoun parliamentary bloc, Rafiq Hashem, accused America of practicing economic warfare against Iraq, stressing that the trend towards Russia and China is the only salvation from American hegemony.

Al-Salihi told Al-Maalouma Agency, “America is waging an economic war against Iraq in order to keep its forces in the country, indicating that America is preventing Iraq from obtaining its money from oil sales.”

He added, “America is plotting a new economic conspiracy against the Iraqi people by reducing financial transfers to Iraq, which has led to an increase in the exchange rate of the dollar against the Iraqi dinar.”

He pointed out that “Iraq’s openness to major countries such as Russia and China is the only solution to get rid of American economic hegemony.”

Almaalomah.me

The Central Bank of Iraq fines banks and exchange companies about 250 billion dinars

Shafaq News / The Central Bank of Iraq announced on Sunday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 249 billion Iraqi dinars during the past nine months.

A table of the bank, which Shafaq News Agency reviewed, showed that the fines imposed on banks and financial companies during the past 9 months, starting from January until the end of last September, amounted to 249 billion, 889 million, 756 thousand and 16 dinars, indicating that “the fines also included 221 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts and grace periods.”

The table showed that “January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand and 62 dinars, with 17 administrative penalties, while September witnessed the lowest fines, reaching 2 billion, 331 million, 465 thousand and 48 dinars, with 13 administrative penalties.”

The table did not show the names of the banks that were fined and subjected to administrative penalties.

The Iraqi Stock Exchange Investors Association had criticized the Central Bank of Iraq’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.

Shafaq.com

Tensions halt oil smuggling by US forces into Iraq

Information/ Nineveh… An informed source confirmed, on Saturday, that oil smuggling by US forces has stopped for the first time in years.

The source said in an interview with Al-Maalouma, “The American forces are stealing large quantities of crude oil from several Syrian fields and then transporting them to border areas with Iraq to sell them to brokers for huge sums of money.”

He added, “The tensions in the Middle East and the state of permanent alert of the American bases in Syria and Iraq prompted them to cancel smuggling operations two months ago for fear of being directly targeted, especially since they are moving with extreme caution at the present time.”

He pointed out that “the American forces in their bases inside Syria are almost besieged due to the growing popular anger over their suspicious roles in supporting the Zionist entity and causing brutal massacres against innocent people.”

It is noteworthy that American forces are deployed in several military bases inside Syrian regions and they control some oil fields.

Almaalomah.me

The Central Bank of Iraq transfers more than a billion dollars abroad in a week

Shafaq News / The Central Bank of Iraq’s total sales of hard currency for the US dollar during the past week amounted to more than one billion dollars.

Shafaq News Agency correspondent stated that the Central Bank sold during the past week and for the 5 days that the auction was opened, one billion, 338 million, 650 thousand, and 762 dollars, at a daily rate of 267 million, 730 thousand, and 152 dollars, an increase over what was recorded in the previous week, which amounted to one billion, 317 million, 374 thousand, and 259 dollars.

The highest dollar sales were on Monday, when sales reached $290,265,623, while the lowest sales were on Wednesday, when they reached $255,566,587.

The agency’s correspondent indicated that foreign remittance sales during the past week amounted to 1 billion, 292 million, 850 thousand, and 762 dollars, an increase of 97% compared to cash sales, which amounted to 45 million, 800 thousand dollars.

Shafaq.com

Al-Atwani: The 2025 budget will reach parliament early next year

The head of the Parliamentary Finance Committee, Atwan Al Atwani, confirmed that the government is working on preparing the basics of the 2025 budget to present it to the House of Representatives for study and voting.

A statement from his office, received by {Al Furat News}, stated that: “Al Atwani discussed with a delegation from the Adam Smith International Foundation a set of laws related to the development of the financial and banking system, today, Monday, at the headquarters of the Finance Committee in the Council building, where he reviewed important draft laws including the Securities and Commodities Law, the Banking Studies Center Law, and the Islamic Sukuk Investment Law, with the necessary amendments being made, indicating that these laws will be read in the upcoming sessions.

Al-Atwani stressed that “the aim of the amendments is to involve the concerned parties to ensure increased productivity and listen to various opinions to ensure their effective implementation.”

The statement added, “The organization of workshops in cooperation with the Law, Economy, and Investment Committees was also discussed to develop laws comprehensively, while hosting specialists to benefit from previous experiences. The mechanism for drafting federal budget texts, analyzing revenues and expenditures, and planning budget items and general programs were also addressed.”

Al-Atwani pointed out that “the government is working on preparing the basics of the 2025 budget to present it to the House of Representatives for study and voting on it,” anticipating that “it will reach the House of Representatives early next year,” indicating that “the government has begun meetings to structure the budget items.”

Regarding the oil dispute with the Kurdistan Region, Al-Atwani said that it “represents one of the most prominent problems facing the preparation of next year’s budget,” pointing out that “the committee’s efforts and efforts to resolve the dispute between Baghdad and Erbil, through meetings and shuttle meetings with representatives of the regional government and the federal government, and the points of contention have been identified and diagnosed by the committee, and the legal and constitutional path to overcome them has been determined; as we hope to reach a final agreement in the next stage, in order to resume the export of the region’s oil, in a way that ensures strengthening the state’s resources.”

Alforatnews.iq

Al-Sudani: $100 billion is the size of investment opportunities in Iraq

Iraqi Prime Minister Mohammed Shia al-Sudani confirmed that the investment opportunities available in Iraq exceeded $100 billion in value, pointing to the expansion of economic cooperation between Iraq and Egypt.

This came during a meeting held today, Monday, with the Chairman of the Egyptian El-Sewedy Group of Companies, Ahmed El-Sewedy, and a group of Egyptian company managers, in the presence of a number of his advisors, according to a statement issued by his office and received by Shafak News Agency.

During the meeting, Al-Sudani explained that these investment opportunities were received from Arab and foreign companies, which reflects the potential for economic growth in various fields.

They also discussed ways of cooperation in various sectors, including industry, energy and infrastructure, in addition to developing petroleum resources. It was agreed to study the establishment of industrial cities in Baghdad, as Al-Suwaidi Group presented a map of projects that will be studied by the Advisory Board and relevant authorities.

Shafaq.com

Parliamentary Finance: Oil dispute with Kurdistan is the most prominent problem in preparing the 2025 budget

The head of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed today, Monday, during his meeting at the Finance Committee headquarters with a delegation from the Adam Smith International Foundation, that the committee is currently working on legislating a package of important laws that will develop our financial and banking system, while he pointed out that the oil dispute with the Kurdistan Region constitutes one of the most prominent problems facing the preparation of next year’s budget.

Al-Atwani said in a statement received by Shafaq News Agency, “The Parliamentary Finance Committee – within the framework of its permanent movement and continuous efforts to maximize non-oil revenues – is currently working on amending the law of the General Authority for Monitoring the Allocation of Federal Revenues, so that it can play its role in evaluating, monitoring and collecting these revenues in a sound and regular manner, in addition to including in the law a new task related to evaluating the performance of the budget and expenditures.”

As part of its work within the framework of financial reform, Al-Atwani pointed out that “the committee is conducting an in-depth study of the stock and commodities market law, which it intends to legislate during the coming period, and is holding specialized workshops with the aim of encouraging Islamic banks to enter into banking and financial activity.”

He pointed out that “the Finance Committee is working on a number of proposed laws, which aim to regulate financial management, including the proposed law on investment in Islamic bonds, and the proposed law on the Center for Banking Studies.”

Regarding the 2025 budget, Al-Atwani estimated that it would reach the House of Representatives early next year, indicating that the government had begun meetings to restructure the budget items.

He pointed out that “the oil dispute with the Kurdistan Region is one of the most prominent problems facing the preparation of next year’s budget,” noting “the committee’s efforts and efforts to resolve the dispute between Baghdad and Erbil, through meetings and shuttle meetings with representatives of the regional government and the federal government.”

Al-Atwani stressed that “the points of contention have been identified and diagnosed by the committee, and the legal and constitutional path to overcome them has been determined. We hope to reach a final agreement in the next stage, in order to resume the export of the region’s oil, in a way that ensures the strengthening of the state’s resources.”

Shafaq.com