Al-Sadr: The victory of reform is a victory for Iraq

The leader of the Sadrist movement, Muqtada al-Sadr, considered the victory of reform a victory for Iraq.

Al-Sadr said in a televised speech yesterday evening, Monday: “Praise be to God, who cherished the reform with its largest bloc, an Iraqi bloc, neither eastern nor western, whose light shines from the land of Iraq, its people and its bounties.”

He added, “This is your day, O people of Iraq, in which reform has triumphed. Today is the day of Iraq, determination and steadfastness, and the day of the people and the state,” noting that “Iraq is the Iraq of reference, the wise, the wise, and the dignitaries. “.

He stressed that “there is no place for corruption and the corrupt in Iraq after today, and we will eliminate corruption with our blood if necessary, so come to a reform paper, in which there is no sharing of power over the interests of the people.”

He pointed out that “all embassies are welcome unless they interfere in Iraqi affairs and form the government,” noting that “any intervention will have a diplomatic, and perhaps popular response, because Iraq is for Iraqis only and we will not allow interference at all.”

He called for “the necessity of restricting arms to the hands of the state and preventing their use outside this scope,” explaining that “it is time for the people to live in peace, without occupation or terrorism.” The leader of the Sadrist movement pledged that “from now on, the government or the parties will not have control over the money and bounties, but rather it is for the people, and the people’s oil is for the people, and we will work to raise the level of the Iraqi dinar to be in the ranks of global currencies gradually.”

He pointed out that “construction, industry, agriculture, education and health have a large share of the efforts of benefactors, with no difference between one governorate and another except in terms of need and the number of its residents.

Alsabaah.iq

Al-Kazemi’s advisor talks about the Iraqi economy: It will coexist strongly with the cycle of oil assets

Baghdad – Mazhar Muhammad Salih, the financial advisor to the Prime Minister, stressed, on Tuesday, the need to legislate the partnership law between the state and the private sector, expecting a recovery in the Iraqi economy in the coming years.

Saleh said in a statement to the official agency, followed by “Nas” (October 12, 2021), that “the Iraqi economy will coexist strongly with the cycle of oil assets, as the global demand for fuel will increase with the high rates of growth in the global economy, and the epidemic represented by the Corona pandemic will enter the cycle of inactivity and inversely.” to growing energy markets.

He added that “based on the foregoing, Iraq will produce more than 6 million barrels of crude oil, boosted by undoubtedly high returns,” explaining that “such a major change in Iraq’s financial flows undoubtedly requires a broad and effective development programme.”

He pointed out that “this development program is implemented in two tracks, the first is to reshape Iraq’s infrastructure in its trans-provincial strategic forms, especially ports, railway networks, land transport and the digital economy, and the other is summarized in the priority of developing service infrastructure for regions, cities and towns through the availability of government investment in the basic service quartet that Represented by: drinking water, sewage, electricity and paving roads.

He pointed out that “one of the direct tasks of the state is to monitor the appropriate allocations in the investment budget, which should be described in detail in a solid five-year plan for the reconstruction of the physical infrastructure.”

He continued: “As for the second development track, it turns to the state’s role in developing market institutions, both production and service, which requires the development of the legal and regulatory infrastructure that promotes market institutions by spreading partnership between the state and the private sector and entering into the social market system, which requires the establishment of a facilitating system for the registration of companies, and is linked to This issue is motivated by two things, the first is to provide soft development financing through a government or government-supported national development fund, and loans are granted to emerging and successful companies, even if they are small, provided that successful companies obtain tax exemptions whenever the added value of the activity increases and the operating rates increase.”

He pointed out that “the second matter is the reorganization of the labor market towards the inventory of the labor force and the description of its skills and the geography of its work, by creating a national number and an advanced digital system to identify workers in the private sector, to be prepared in cooperation between the ministries of Planning, Labor and Social Affairs to map the Iraqi labor market, including It enables knowledge of supply and demand functions and labor market stability by identifying employment levels and actual unemployment rates.

And he indicated that “the issue also requires generating an atmosphere of homogeneity in the labor market itself between workers in the private sector and workers in the state, which requires the availability of high flexibility in moving between jobs between the two sectors and according to need, provided that a joint and unified national pension fund be available for workers in the state and the private sector alike.” Whether without discrimination, as well as providing acceptable limits for homogeneity of wages and salaries according to the skills of workers in the state and the market.

He stressed that “it has become appropriate to legislate the law on partnership between the state and the private sector, which has been submitted to the House of Representatives for years, to speed up its legislation, provided that it provides a balance in rights and duties between the participating parties in full swing and enhances governance, productive efficiency and operating the economy with a strong impulse that will inevitably require the five great years of Iraq’s development.” really coming.”

Nasnews.com

The International Monetary Fund expects the global economic recovery to continue despite the reduction in estimates

Mubasher: The International Monetary Fund said that the global economic recovery is still continuing, but its previous momentum has weakened, and the level of uncertainty has risen, at a time when the pandemic is witnessing a new wave of infection.

And he continued in the World Economic Outlook report issued today, Tuesday, that the cracks and negative effects caused by the Corona virus will continue for a longer period, and it is expected that short-term manifestations of divergence will leave lasting imprints on medium-term performance.

The Fund noted that access to vaccines and early policy support are the main drivers behind the gaps .

He expected the global economy to achieve a growth of 5.9% in 2021 and 4.9% in 2022, a decrease of 0.1 percentage point in 2021 compared to what was stated in the July 2021 forecasts.

The downgrading of the forecast for 2021 reflects the reduction related to advanced economies, which is due in part to disruptions in supply chains, and also to low-income developing countries, which is mostly due to the worsening pandemic.

This reduction is partially offset by improved short-term prospects in some commodity-exporting emerging market and developing economies.

Uncertainty about how quickly the pandemic can be overcome has increased due to the rapid spread of the delta strain and the risk of new mutated strains emerging, at a time when choosing between policy alternatives has become more difficult, given the limited scope for action.

Mubasher.info

Standard & Poor’s announces its new rating for the Iraqi economy

Economic: The report submitted by the agency {Standard & Poor’s} on the credit rating praised the Iraqi economy’s continuation of maintaining its credit rating as a result of the ongoing economic reforms of the financial policy in Iraq.

A statement by the Iraqi Ministry of Finance, of which the agency {Euphrates News} received a copy, stated that “the new classification comes to reflect the continued maintenance of the level of foreign currency reserves that exceeds the service of the external public debt and the fulfillment of other external financial obligations as a result of the rise in crude oil prices and their recovery in the third and fourth quarters of the year.” Present”.

The agency also confirmed, according to the statement, “the possibility of improving Iraq’s credit rating in the event of a high rate of economic growth in Iraq, diversification of the state’s public financial revenues, oil and non-oil, an increase in the per capita income share of national income, and the continuation of measures to reform the financial and economic policy as mentioned in the economic reform paper (white paper).” Which would strengthen the financial and economic policy of the Iraqi government.”

Alforatnews.iq

Iraqi oil is heading to approve a “giant” exploration project in the Western Desert

Baghdad – On Thursday, the Ministry of Oil announced its intention to approve a “giant” exploration project in the Western Desert.

The ministry said in a statement that Nass received a copy of it (September 30, 2021), “The head of the National Oil Company, Ihsan Abdul-Jabbar Ismail, stressed the importance of expediting the implementation of seismic survey projects for exploratory patches with hydrocarbon, gas and oil compositions.”

Ismail said, during an inspection visit to the Oil Exploration Company, according to the statement, that “the company is studying the approval of a giant exploration project in the region or the Western Desert, which is one of the promising investment opportunities for natural gas (free gas) and the company attaches great neglect to it as a result of previous studies and surveys.”

Ismail indicated that he “instructed the concerned authorities in the Oil Exploration Company to prepare an evaluation study and inventory all information on the exploration blocks in the mentioned area with the aim of unifying and approving them, monitoring the appropriate financial budget for them, and announcing the launch of the largest exploration project for free gas.”

He added, “The western region is gaining great importance in the field of exploration and surveys, and that the National Oil Company will harness all its technical capabilities to invest gas by drilling exploratory wells after obtaining the approval and support of the government to implement these projects, which will be one of the most important pillars of the national economy and sustainable development, by adding energies New Iraq’s gas production capabilities.

Ismail pointed out that “Iraq is on the verge of implementing major projects in the associated gas investment sector and developing (free) natural gas fields and clean energy projects, in line with the world’s trends in this direction,” stressing “the necessity of converting all uses of liquid fuels to gaseous fuels, which fall within Transition to clean energy.

He explained, “The Western Desert is one of the targeted and great solutions that can give great independence in the matter of using natural gas to produce electric power and as a main source for the petrochemical and other refining industries.”

And he indicated, “The National Oil Company’s interest is also in seismic survey operations in Najaf province, which aims at exploratory drilling operations for promising patches in the province and the proportion and quantity of hydrocarbon reserves in it, whether oil or gas.”

For his part, Director General of the Oil Exploration Agency Agency Basem Muhammad Khudair said that “the vision and plans of the ministry and the National Oil Company emphasize the importance of conducting and completing seismic surveys in the western region and starting exploratory drilling to determine the hydrocarbon presence of gas, and the Western Desert Gas Project will be a separate project for exploration activity, as A working paper and a full study of the project will be submitted to the Council of Ministers to obtain fundamental approvals for the implementation of the project for the purpose of initiating two- or three-dimensional seismic surveys and starting exploratory drilling operations, explaining that “the seismic surveys or exploratory drilling operations in the governorates will support the national economy, and will provide job opportunities for the people of the provinces.” In which projects will be implemented, as well as upgrading the level of services and infrastructure,” according to the statement.

The statement concluded, “It is mentioned that the Oil Exploration Company is one of the important arms of the activity of the National Oil Company and implements its work in many provinces through its seismic teams,” explaining that “the company’s president listened to an explanation of the company’s activity in the exploration sector in the provinces of Iraq, especially in the provinces of Anbar and Nineveh.” and Najaf with a three-dimensional display of the mentioned sites.

Nasnews.com

Documents..approval of the recommendation of the government’s minutes regarding the consequences of changing the exchange rate

Baghdad today – The Ministry of Planning approved the recommendation of the minutes of the Diwani Order Committee (31 of 2021) regarding studying the consequences of changing the currency exchange rate.

Baghdadtoday.news

PM advisor: Remaining foreign debts on Iraq

INA – BAGHDAD: The financial advisor to the Prime Minister, Mudhir Muhammad Salih, revealed the volume of Iraq’s remaining foreign debt, while stressing that it has decreased significantly.

“Iraq’s foreign debts have decreased significantly, and only less than $6 billion of the actual sovereign debt under the Paris Club Agreement (debts before 1990) remains,” said Salih in a statement to the Iraqi News Agency (INA).

“Payment methods include installment payment with interest until maturity at the end of 2028, accompanied by commercial debts that were scheduled after 80% were discounted in 2006 and the remaining amount is $2.7 billion,”

He explained that “the remaining amount has been scheduled and issued in a European bond to creditors since 2006 and was called (Iraq 2028), and it carries an annual interest of about 5.8 percent, as the bond will be ended,”  “The European bond (Iraq 2028) is traded in the secondary capital markets where it is universally desirable in buying and selling as a result of its high guarantees,” he noted.

He pointed out that “the foreign debt does not exceed $13 billion, which increased during financing of the war against the terrorist gangs of Daesh after 2015, and there is a gradual payment mechanism for it, as allocations to extinguish it have been made within the annual general budget,” stressing “the allocation of more than 9 trillion dinars in 2021 budget to extinguish debt services, and this will be the case in 2022 budget,”

“Debts that have not been settled so far, date back to the era of the previous regime, and they must be settled under the Paris Club Agreement, as these debts belong to the four Gulf countries and 8 other foreign countries, as they are unclaimed pending due to their connection with the financing of the Iraq-Iran war in Iraq, back to 80s, amounting to about $41 billion,” Salih explained.

He went on saying that, “there are internal debts, estimated at about $50 billion, which are liabilities within the institutions of the government system, and all of them are between public finance, the central bank and government banks, that is, they are not obligations on individuals but rather within the government financial entity,” pointing to “preparing steps to end it without affecting the integrity of serving economic development or affecting the country’s financial sustainability,”

Ina.iq

AL-AMIRI PROMISES THE “LORD OF THE LAND” A PROMISING PLAN AND PLEDGES TO END THE “OCCUPATION OF THE DINAR”

Baghdad / The Secretary-General of the National Producer Gathering, Jassem Al-Amiri, launched his electoral campaign for the early parliamentary elections scheduled for the tenth of next October, listing his step within the framework of “change” and a promise to reform the agricultural and industrial sectors and end the occupation of the Iraqi dinar.

Al-Amiri said in a statement, received by the National News Center, that “we have a few days to choose one of the two paths, the first is actual and practical reform, and the second is to keep the situation as it is now.”

He added that “the first path, despite its difficulty and rugged roads, is the approach adopted by the National Producer’s Association,” stressing “the determination of the National Producer Group” to achieve actual reform through the ballot boxes, and our plan in this is to develop the agricultural sector and for the Iraqi farmer to be the master of the land and its producer.

And he indicated that “the plan includes the development of the industrial and banking sectors, accompanied by a practical sovereignty of the national product,” pledging to “end the external occupation of the Iraqi dinar by certain and specific countries.”

Nnciraq.com

Saleh: Iraq is heading towards recovery..and corruption is a scourge that threatens Arab countries

Baghdad / Obelisk: The President of the Republic, Barham Salih, received the Secretary-General of the Arab League, Ahmed Aboul Gheit, ministers of justice, heads of Arab judicial councils, representatives of organizations and legal figures participating in the work of the International Conference for the Recovery of Stolen Funds in Baghdad .

Saleh welcomed the guests in Baghdad and their attendance at the conference for the recovery of looted funds, where he indicated that Iraq is heading towards recovery and its presence is important in the region, and its absence for many years from playing its required role in the region due to wars and the conflicts of others is a cause of regret, and it reflected on the Arab countries and the region negatively, pointing out Until Iraq’s recovery and strength is recovery and strength for the entire region .

During the meeting, Saleh stressed the importance of the conference to recover looted funds, pointing out that the big problem facing Iraq and many of our countries is the problem of corruption that is eroding our systems, as it represents the political economy of violence and terrorism, noting that ISIS and other terrorist organizations have adopted a great deal. Corruption money to perpetuate itself .

He said that the Presidency of the Republic submitted a draft law on recovering the proceeds of corruption, which includes proactive and deterrent practical measures, and subsequent steps to recover corruption funds through working mechanisms based on concluding agreements with countries, enhancing cooperation with specialized international organizations and bodies, and benefiting from successful global experiences to curb this phenomenon .

He added that corruption is a phenomenon that transcends sects, nationalities and borders, and it is an interconnected and interdependent system, and a large part of the violence that afflicted Iraq is linked to financial corruption networks of smuggling and illegal trade, noting that combating extremism and terrorism and establishing the pillars of stability in the country can only be confronted with corruption as we have faced. to terrorism .

He stressed that the world is required to deal with the file of corruption and illegal wealth, just as the file of terrorism was dealt with militarily, explaining that one of the main reasons for what happened in Afghanistan is due to the corruption that afflicted the Afghan regime, which has lost legitimacy .

Saleh stressed the need for there to be consensus and Arab, regional and international work contexts in order to combat this dangerous scourge, expressing his hope that the results of the Baghdad Conference to recover the looted funds will turn into practical results and legal and actual procedures, pointing out that Iraq’s success in this endeavor will reflect positively on all region .

Almasalah.com

Al-Kazemi announces that Iraq will recover part of its looted money

Baghdad – On Wednesday, Prime Minister Mustafa Al-Kazemi announced that his government had succeeded in recovering part of Iraq’s looted funds from abroad.

Al-Kazemi said in a speech during the launch of the events of the international conference to recover the looted funds, followed by “Al-Iqtisad News”, that corruption and terrorism are two sides of the same coin, adding, “Corruption was present when society was plunged into sectarian fighting.”

He added, “The path to a rational state begins with frankness with our people about the diseases that led to the decline of a great country like Iraq.”

“We set from the beginning our main goal in fighting corruption,” he said.
He pointed out that “a special anti-corruption committee has been formed, which has done its duty with the Integrity Commission, the judicial authorities, and the Ministry of Justice and Financial Control.”

He noted that “the committee uncovered, within one year, corruption files that had not been revealed for 17 years, and recovered money looted from abroad.”

The Prime Minister indicated that “the committee was subjected to attacks and false accusations, the aim of which was to thwart it and thwart its work.”

Economy-news.net