Iraqi Finance Minister: If we make the right decisions, we will be the global energy center for the coming centuries

Shafaq News / The Iraqi Minister of Finance, Ali Allawi, called on Saturday to invest Iraqi capital to maintain the current oil production rates, stressing the need to focus on raising the rates of electric power production, suggesting that the country would turn into a source of energy.

Allawi said at the Energy Forum held at the American University in Baghdad; It is “Iraq must divert capital investments to maintain current oil production rates while shifting focus to electricity production where demand is expected to grow. We have a great opportunity to restore Iraq as a major supplier of electricity.”

Allawi added; “Iraq today needs to make strategic decisions based on where it wants to be. 20 years from now, Qatar made huge investments in gas production in the 1990s. It was one of the greatest strategic decisions that were taken and they are now reaping its fruits.”

The Iraqi Finance Minister stressed that “if we make the right choices, the right partners, and the right strategic direction, I believe that this country can easily be the global center for energy trade for the twenty-first century and beyond.”

On Saturday, the American University in the Iraqi capital, Baghdad, hosted the Sixth Energy Forum, with the participation of OPEC Secretary-General Muhammad Barkindo.

The conference was also attended by the Iraqi Minister of Finance, Abdul Amir Allawi, and a group of ministers and officials of the Iraqi government.

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Al-Kazemi’s renewal is a compromise to end the government knot in Iraq

The hosting of the leaders of the coordination framework of the Iraqi Prime Minister, Mustafa Al-Kazemi, for the first time in their meetings, sparked a political debate in Iraq, amid questions about whether the step had anything to do with the support of some forces within the framework to renew Al-Kazemi’s mandate.

Al-Kazemi attended a meeting of the framework leaders Thursday at the home of the head of the Popular Mobilization Authority, Faleh Al-Fayyad, and the meeting included the leader of the Al-Fateh Alliance Hadi Al-Amiri, the head of the State of Law coalition, Nuri Al-Maliki, and the leader of Asa’ib Ahl Al-Haq, Qais Al-Khazali.

A statement distributed by the framework indicated that hosting the Prime Minister was related to discussing security challenges and the Turkish incursion into northern Iraq, and the statement distinguished between the second part of the meeting, which was devoted to discussing the file of forming the government after the Sadrist bloc’s resignation from Parliament, and pointed out that the meeting took place without Al-Kazemi’s presence. , but political circles see that hosting has other dimensions, especially since there are leaders of the framework who see that the renewal of Al-Kazemi may constitute a compromise to end the government formation complex.

Al-Sadr, despite his withdrawal from the political process, remains influential in the scene, and is able to play more than one card, including the street

Some leaders of the coordination framework, including Al-Amiri, are cautiously dealing with the current developments on the political scene in Iraq, especially in relation to the resignation of the Sadrist movement’s representatives from Parliament, and the decision of the movement’s leader Muqtada Al-Sadr to boycott the entire political process.

These leaders believe that it is better to go in the option of discussing the formation of a non-provocative government, to the street or to Sadr, who, despite his adherence to the boycott, but remains influential in the scene, and is able to play on more than one card, including moving the street, considering that the renewal of Al-Kazemi may be the best option.

On the other hand, other leaders, led by Al-Maliki and Khazali, find in Al-Sadr’s withdrawal a valuable opportunity to pounce on the political process and impose absolute control over its details, and therefore they strongly reject Al-Kazemi’s choice, which they consider to be outside their orbit.

Observers say that Maliki, who has become the largest number of Shiite representatives after the withdrawal of the Sadrist movement, sees himself as the first qualification for the position of prime minister, which he previously held twice, and the result was tragic for Iraq.

Observers point out that al-Maliki’s assignment, if it were done, would not pass easily, as al-Sadr will not accept the boycotts of the political process to have his political opponent again at the head of the government, and this may lead the country to a dangerous turn, especially since al-Sadr has hundreds of thousands of followers who are ready to take to the street.

Observers consider that a government led by al-Maliki or any provocative political figure for al-Sadr will not last long, and is doomed to fall, recalling the scenario of the collapse of Adel Abdul-Mahdi’s government.

Abdul-Mahdi’s government was forced to resign at the end of 2019, in the face of unprecedented protests in Iraq, in which the Sadrist movement participated before withdrawing from it.

Observers say that this matter prompts a number of the framework leaders to propose keeping Al-Kazemi, who, despite the differences with him about his government orientations, especially in relation to foreign policies, but succeeded to some extent in controlling the pace of the situation in Iraq, in addition to being supported by Al-Sadr who had previously And expressed a desire to renew it.

The coordination framework announced on Thursday evening the formation of a negotiating committee for dialogue with the national forces to form the next government.

Al-Sadr does it and boycotts the entire political process
At the conclusion of the meeting, in which Al-Kazemi attended the first part, the framework forces confirmed that they had discussed political issues and the ongoing dialogues between the national forces, in order to complete the preparations related to the constitutional entitlements and the formation of a government of national unity.

Al-Maliki stated, “We extend our hands to everyone in cooperation with the Islamic and patriotic forces, whether they are inside or outside Parliament, as long as the goals and challenges do not separate us.”

He said in a tweet to him on his personal account on the social networking site Twitter, “We are keen to search for points of convergence, cooperation and integration, not intersection and disharmony, and we should not be separated by differences that are simple and not strategic.”

The Shiite leader Muqtada al-Sadr confirmed Wednesday the withdrawal of the Sadrist bloc’s deputies from parliament and the political process, which opened the doors for the forces of the Shiite coordination framework to lead the negotiations to form the new government, as it is the most numerous bloc in the Iraqi parliament, after the majority of the Sadrist bloc’s vacant seats in the Iraqi parliament came to it. .

The coordinating framework forces say that they wish to form a consensus government similar to all the governments that were formed in Iraq after 2003, which means the participation of all political forces in forming the new government, while the positions of the independent representatives are not yet clear, especially after the withdrawal of the Sadrist bloc that was calling for the formation of the new government. National majority government.

Observers believe that the most important position is the one that will be issued by the two allies of Al-Sadr, the Kurdistan Democratic Party and the Sunni Sovereignty Coalition, and whether they are willing to engage with the framework in efforts to implement the rest of the entitlements.

The leader of the Sovereignty Coalition, Parliament Speaker Muhammad al-Halbousi, had expressed optimism about the possibility of an end to the political blockage, the day after he accepted the resignation of al-Sadr’s deputies.

Al-Halbousi stated, “After the resignation of the Sadrist bloc, things will go in a different way,” noting that “the constitutional procedures will proceed if the number of members of the House of Representatives is completed, the vacant seats are compensated, and the political blockage is removed.”

Regarding the dissolution of Parliament and the early elections, Al-Halbousi pointed out that “this option is a constitutional option, and the previous elections were early and took place with the dissolution of Parliament, but so far this option has not been raised.” and its performance, and its evaluation shall be before the people.”

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The leader of the National Union, Ghiath Al-Sorji: Forming the government will take only days

The leader of the National Union, Ghiath al-Sorji, confirmed that the withdrawal of the Sadrist movement from the House of Representatives will not affect the political process, and between the presence of a close breakthrough between the Kurdish parties to proceed with the coordination framework to form the government, it is likely that the formation of the government will take only days.

Al-Sorji said in a press interview, “After the resignation of the Sadrist bloc’s deputies, the National Union Party will go with the Kurdistan Democratic Party to agree on the personality of the President of the Republic and then go to the coordination framework,” explaining, “there are intense meetings between the two parties to solve all outstanding problems between them.”

He added, “The Sadrist movement’s exit from the political process is normal,” noting that the movement will not resort to inflaming the street because the responsibility for security and political stability rests with everyone, and the movement knows that.

And he indicated, “The coordination framework will become the largest bloc after the resignation of the Sadrist bloc’s deputies and the parliament’s resort to the substitutes after the end of the legislative term holiday, and therefore the formation of the government will take only a few days.”

Burathanews.com

Officially.. the Speaker of Parliament terminates the membership of the Sadrist bloc members

On Sunday, Parliament Speaker Muhammad al-Halbousi issued parliamentary orders to terminate the membership of the Sadrist bloc members based on submitting their collective resignations to the parliament’s presidency, according to documents issued by the parliament.

On Sunday, the Strategic Center for Human Rights announced that the House of Representatives had received the names of the replacements for the Sadrist bloc’s resigned representatives.

The leader of the National Union, Ghiath al-Sorji, confirmed, on Saturday, that the withdrawal of the Sadrist movement from the House of Representatives will not affect the political process, and between the presence of a close breakthrough between the Kurdish parties to proceed with the coordination framework to form the government, it is likely that the formation of the government will take only days.

Burathanews.com

“The Blockage Has Come To An End” .. Victory: The Framework Will Be A Strong Bloc Within Parliament

Information / special… A member of the Victory Coalition, Aqeel Al-Rudaini, confirmed today, Saturday, that the coordination framework will be a strong bloc within the parliament after changing the course of the political process, while indicating that the resignation of the Sadrist bloc will result in a new political stage and a gesture to form the government.

Al-Rudaini said in an interview with the Information Agency, that “the coordinating framework, with the presence of the forces close to it, such as the Patriotic Union of Kurdistan and the Sunni Azm Alliance, in addition to a large part of the independent representatives, will be the strongest bloc within the political process and the parliament’s dome.”

He added, “In the event that the resignation of the Sadrist bloc’s deputies is accepted and things go smoothly, the largest bloc will be formed and vote on the presidency with the agreement of the political blocs, in addition to choosing the prime minister from the Shiite component exclusively.”

A member of the Victory Coalition explained that “the stage of political blockage has reached its inevitable end, and there will be a new stage after what happened from the Sadrist movement’s representatives and their collective resignations to Parliament.”

The leader of the State of Law coalition, MP Muhammad Chihod, had confirmed, today, Saturday, that the next government will be a service government with the participation of political forces and according to its electoral entitlement, noting that the framework and other political forces are engaged in continuous dialogues to expedite the formation of the government after the legislative recess of the House of Representatives. 25 riyals

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An Economist Identifies 3 Repercussions Of Raising The US Interest Rate On Iraq

Information / Baghdad…  Economist Nabil Al-Marsoumi identified the repercussions of the US Federal Reserve’s decision to raise interest rates, warning that Iraq could be affected by the decision regarding the prices of imported goods.

Al-Marsoumi said in a Facebook post that was seen by / the information / that “the US Federal Reserve raised interest rates, by 75 basis points, to a range between 1.50% and 1.75%, in order to return inflation to its target of 2% after it reached last May. to 8.6%, which is the highest in 40 years.

He warned that “the harshest impact will be on Iraq and other developing countries, because the rise in US interests raises the exchange rate of the dollar against most of its currencies, and thus contributes to inflation and the cost of debt financing as much as it is borrowed in dollars. The annual basis is based on the market or (moving) interest in dollars, which the financial markets indicate to rise, such as the interest (Libor), which is the interest of lending and borrowing between banks in dollars in the London market, and even if some loans carry a fixed interest on the loan itself, but they carry a hedging risk margin around the fixed interest. .

He added, “All Iraqi exports are denominated in dollars, and most imports are either in dollars or with a country that manages its currencies fixed against the dollar, or close to stabilization, and therefore the rise of the dollar may benefit the parties that deal with it, including Iraq.”

He cautioned that “Iraq’s investment in dollar-denominated deposits or US bonds will lead to higher returns in the future, with higher US interest rates.” finished/25h

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A Member Of The Framework: We Received Positive Signals From The Remnants Of The Trio, And We Are Waiting To Move Towards The Government

Information/Baghdad.. On Thursday, a member of the coordination framework, Adel Al-Manea, revealed that the framework had received positive signals regarding the upcoming political alliance, indicating that the Kurdistan Democratic Party and the Sovereignty Alliance wanted to join an alliance that would form the government.

Al-Manei said in a statement to “Al-Maalouma”, that “the statements of the leaders of the Sovereignty Alliance regarding proceeding with the formation of the government and speeding up negotiations are positive signs towards the coordination framework.”

He added that “the framework has increased the number of its deputies to more than 140 deputies, and it is originally allied with the forces of the Alliance of Azm, the Kurdistan Union and independent deputies, which increases its share in forming the government.”

Al-Manea pointed out that “the negotiations between the Kurdish parties to resolve the presidency will give the blocs in Baghdad sufficient impetus for the comprehensive agreement to form a consensual government.”

The Sovereignty Alliance entered into an alliance with the Kurdistan Democratic Party and the Sadrist movement, while the alliance collapsed immediately after the resignation of half of its members from Parliament across the movement. finished / 25 d

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A spokesman for the resigned Sadrist bloc: There is no return or participation in the elections

Shafaq News / A spokesman for the “resigned” Sadrist bloc from the Iraqi parliament said Wednesday, that the bloc will not return to the political process, stressing that it will not participate in future elections, “if the situation remains as it is.”

A spokesman for the Sadrist bloc who has resigned from the Iraqi parliament, Representative Haider Al-Haddad Al-Khafaji, said in a Facebook post, “There is no return to a political process based on quotas, there is no agreement with the corrupt.”

Al-Khafaji added, “There will be no participation in elections again if the situation remains as it is. The matter in which you are satisfied has been resolved.”

The leader of the Sadrist movement, Muqtada al-Sadr, held, this evening, Wednesday, a closed meeting with the representatives of the Sadrist bloc who had resigned from Parliament.

The leader of the Sadrist movement told the Sadrist bloc’s deputies during the meeting that “there is no retreat from the resignation and withdrawal from the political process,” and thanked them for “obedience.”

He also addressed the resigned Sadrist bloc, saying, “There is no going back for us with the corrupt. The matter in which the two referendums have been resolved.”

shafaq.com

The dagger is resubmitting the Al-Halbousi chair in the auction and expectations of the collapse of sovereignty

A well-informed political source revealed, on Thursday, the outbreak of a new dispute between the leaders of the Sovereignty Alliance, Khamis al-Khanjar and Muhammad al-Halbousi regarding the next position on political alliances after the Sadrist withdrawal from Parliament.

The source said, “The dispute between Al-Halbousi and Al-Khanjar has returned again after confirming the Sadrist withdrawal from Parliament and his failure to return to it to clarify the position of the parties within the coalition towards the coordination framework.”

He added, “Al-Khanjar hinted, during its recent meetings, that the Presidency of Parliament has become threatened by the amendment, especially after the departure of one of its pillars (the ruler of Al-Zamili) and talk about the nomination of an alternative for him from the coordinating framework.”

The source indicated that “Al-Halbousi is resentful of these statements and pledged to break up the partnership in the event of continuing to talk about his dismissal or replacement within the new political equation.”

burathanews.com

A Representative From Al-Fateh: We Are Waiting For The Formation Of The Government To Pass The 2022 Budget

The Information / Baghdad… The representative of the Al-Fateh Alliance, Suhaila Al-Sultani, explained that the 2022 budget will be passed after the formation of the new government, pointing out that the country’s situation needs to speed up resolving matters, forming the government and passing the budget.

Al-Sultani told Al-Maalouma, “The general budget for 2022 did not witness any parliamentary moves in the past days before the start of the legislative recess for the House of Representatives, as most of the moves were towards passing the Food Security Law.”

She added that “the entirety of the political parties and the House of Representatives are awaiting the formation of the new government, which, after taking power, will witness presenting the budget in order to read and vote on it under the dome of Parliament.”

Al-Sultani indicated, “The current situation cannot be continued, as the country needs to expedite the formation of the government, at a time when the political process witnessed many changes after the resignation of the Sadrist bloc from the House of Representatives.” finished/ 25 n

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