Next Monday, the Supreme Court will begin implementing the Federal Court Law

Baghdad – Mawazine News, the Supreme Judicial Council confirmed, on Thursday, that it will implement the Federal Supreme Court law, starting from next Monday.

The council’s media stated in a statement that Mawazine News received a copy of, that “the President of the Supreme Judicial Council, Judge Faiq Zaidan, invited members of the Supreme Judicial Council to meet on Monday morning, March 22, 2021, to implement the Federal Court Law Amendment Law No. 30 of 2005, which was approved by the Council. Representatives on March 18, 2021. ”

The statement added, “The president and members of the current Federal Court will be honored on the occasion of their retirement.”

The House of Representatives voted, during its session held today, Thursday, on the First Amendment Law (Order No. 30 of 2005), the Federal Supreme Court Law.

Mawazin.net

Parliamentary proposal to vote on the Federal Court and the budget with “one basket”

Shafaq News / A parliamentary source said, on Wednesday, that there is a political proposal to vote on the Federal Court and the budget laws in one basket.

The source said to Shafaq News Agency, that “there is a proposal among some political blocs that the vote on the Federal Court and the budget be in one basket, provided that the political blocs offer their concessions in exchange for voting on the two laws at tomorrow’s session, Thursday.”

The source pointed out that “the Shiite blocs have no objection to voting on the region’s share of the budget, as stated in the government text that the Kurdish blocs give up on the unanimous voting clause in the Federal Court Law.”

The Federal Supreme Court is the highest court in Iraq, which has jurisdiction over constitutional disputes. It was established by Law No. (30) of 2005 in accordance with Article (93) of the Constitution. Its decisions are binding on all authorities, and it is completely independent from the regular judiciary and there is no connection between them. It is based in Baghdad and consists of a president and eight members.

Parliament had voted to amend a number of provisions of the Federal Court Law in effect on Monday, after it was unable to overcome differences over three articles in the new draft law for the Federal Court.

This amendment contravenes the Iraqi constitution, which stipulates in Article 92 / Second: “The Federal Supreme Court consists of a number of judges, experts in Islamic jurisprudence, and legal scholars, whose number is determined, the method of their selection and the work of the court shall be regulated by a law enacted by a two-thirds majority of the members of the House of Representatives. “.

Discussions are still ongoing in the corridors of Parliament to agree on the remaining articles to pass the new bill, in order to remedy the constitutional breach.

Shafaq.com

Iraq possesses 248 billion dollars “stored” in the ground … a treasure that covers all of Iraq’s expenses for more than two years.

Yes Iraq: Baghdad… The talk in Iraq goes back to the precious minerals and natural elements that it possesses and the need to invest them in addition to oil, so government figures revealed a shocking number about the country’s sulfur reserves, so that what Iraq possesses represents 59% of the total of what the whole world owns.

The General Director of the General Company for Mishraq Sulfur, Abdel Moneim Al-Jubouri, said that “the reserves of the Mishraq fields 1, 2 and 3 in Nineveh Governorate are estimated at 354 million tons of the world’s total reserves of 600 million tons of sedimentary sulfur,” which represents more than half of the world’s reserves.

He added that “the fields of Mishraq sulfur were invested within the Iraqi-Polish cooperation agreement by the Centrosab Corporation in the early 1970s,” noting that “the company mainly produces (filtered sulfur) materials and (alum) used in water purification and (sulfur). Ground agricultural) and (sulfuric acid) ”.

He pointed out that “the production line (filtered sulfur) has stopped since 2003 due to the company’s exposure to acts of looting during the sabotage incidents that accompanied the war on Iraq,” indicating that “the company, within its allocations from the investment plan of the Ministry of Industry and Minerals, worked to restart the production line.”

Sulfur since 2010 and contracted with an international company at the time specialized in equipping specialized wells rigs for sulfur and preparing a plant for its filtering, ”expressing his“ regret at the stoppage of rehabilitation and operation of the (filtered sulfur) production line after the (ISIS) terrorist gangs occupied the province.

And between “the arrival of this line to Iraq in 2015 and deposited with the General Company for the Manufacture of Southern Fertilizers in Basra Governorate.”

And he stressed that “the company’s management developed a plan since last year to restart the sulfur production line, after obtaining the necessary approvals from the ministry to transfer and set up the refining plant, which is the main link of the production line, which was imported by the American company (Devco) at an estimated cost of 90 billion dinars. It is now in the process of restarting it. ”

Al-Jubouri called for “increasing the financial allocations through the investment plan within the federal budget so that we can restart the sulfur production line with a production capacity of one million tons per year,” indicating that “if this is not possible, the company can go to announce the (filtered sulfur) production line as an opportunity.” An investment and an invitation to international companies specialized in its industry, as it is the main activity of the company.

How much is the value of what Iraq possesses?

The global price of a ton of sulfur is estimated at about $ 700 per ton, which means that the value of what Iraq has is equivalent to $ 248, which is sufficient to cover the country’s expenses and budgets for 3 years.

Yesiraq.com

Iraq aims for “Prosperous Economic Zone” with Jordan, Egypt

Prime Minister Mustafa al-Kadhimi has spoken of creating a “New Mashreq”, to harness the broad common interests between Iraq, Jordan and Egypt in order to create a prosperous economic zone that will benefit all countries in the region and in which Iraq would play a major role.

Addressing staff at the headquarters of the Foreign Ministry in Baghdad, the Prime Minister said that, “Iraq also has multifaceted relations with the Kingdom of Saudi Arabia and with all other Gulf countries, and that the Iraqi government is proceeding with several investment projects with these countries in various sectors including agriculture, industry and energy.”

He also pointed out that Iraq concluded a rail link agreement with Iran, which will connect Iraq with northern China and create new economic opportunities.

The Prime Minister added that Iraq must continue with this approach, face internal and external crises, and work to resolve them through multi-track diplomacy that responds to the developments of the new world.

“We have a comprehensive vision for resolving conflicts and building peace, and we call on internal and external parties to play it, and to move together towards achieving a comprehensive and lasting peace” concluded Prime Minister Al-Kadhimi.

(Source: Govt of Iraq)

Iraq-businessnews.com

Representative economy: The rise in oil prices must be matched by the devaluation of the dollar against the dinar

Information / Special… The Parliamentary Economic and Investment Committee stressed the need to take advantage of the high global oil prices to reduce the value of the dollar against the Iraqi dinar, in order to achieve stability in market prices.

Committee member Mithaq Al-Hamdi said to / the information /, that “the government raised the exchange rate of the dollar under the pretext of a large deficit in the budget, at a time when oil prices have risen above the price specified in the budget, which requires the government to reconsider the dollar exchange rate.”

She added that “the House of Representatives calls for a review of the dollar exchange rate, and to reduce it from the current figure, as it harms the interest of the citizen, and therefore should be reduced to a level that meets the deficit and achieves stability in prices.”

She indicated that “there is a big difference in the price of oil specified in the budget, and the market value that it has reached now exceeding the threshold of $ 70 a barrel, which makes it imperative for the government to take measures that would benefit from the rise in oil prices and reduce the value of the dollar against the dinar.” 25 n

Almaalomah.com

The Minister of Planning announces an executive plan to implement quality standards in two sectors

Baghdad – People… The Minister of Planning, Khaled Battal Al-Najm, confirmed, on Wednesday, that the ministry has developed an implementation plan, to implement quality standards in the public and private sectors, as part of the work to achieve sustainable development goals.

The ministry said in a statement, “People” received a copy of it (March 17, 2021), after the minister chaired the first meeting of the committee to monitor and coordinate the implementation of regulatory controls and the national quality policy in Iraq.

According to the statement, the minister pointed out that “great efforts have been made in the framework of the pursuit of quality, but the results achieved were not at the level of those efforts,” attributing this to “the dispersion of the authorities concerned with this issue, indicating that the formation of this committee comes within the framework of institutionalizing and linking quality work.” Development plans led by the Ministry of Planning. ”

The minister explained, “There are many measures and steps that will be taken during the coming period, including the formation of a high-level committee from multiple parties to prepare a quality policy, within a national project for quality, and in line with the World Trade Organization agreements and the principles of the multilateral trading system.”
And it will be in accordance with a road map that draws the paths of the strategic implementation process, stressing that “the regulatory controls and quality infrastructure will take into account the review of health and safety-related legislation, review of organizational formations, institutions and structures, and the development of special procedures related to standards, specifications, accreditation, and conformity assessment points.”

The statement continued, “The head of the Central Organization for Standardization and Quality Control, Hussein Ali Daoud, reviewed the mechanisms for strengthening the infrastructure to enhance trade and consumer protection, indicating that the development of quality infrastructure will represent the process of bringing about comprehensive and sustainable changes in the structures, policies, economic, social and environmental indicators, and leading to the launch of And employing the capabilities of society and investing its material, natural and human potentials. ”

He pointed out that “the meeting was attended by representatives of the Ministries of Higher Education, Trade, Agriculture, Oil, Electricity, Industry, Minerals, Communications and Transport, as well as the Federation of Chambers of Commerce and Industries, the President of the Iraqi Accreditation Commission, the Director General of the National Center for Administrative Development, and a number of general managers and those concerned with the Central Organization for Standardization and Quality Control,” He witnessed the discussion of organizational controls and the national quality policy, and the tasks and work of the committee set up for this purpose.

Nasnews.com

Representative source: Tomorrow’s session will be devoted to voting on the budget and the Federal Court’s law

Baghdad Today – Baghdad… A parliamentary source said, on Wednesday, that tomorrow’s session will be devoted to voting on the budget and the Federal Court’s law.

The source said to (Baghdad today), “The parliament session that will be held tomorrow will be devoted to voting on the budget and the Federal Supreme Court Law.”

Yesterday, Tuesday, the Presidency of the House of Representatives raised the parliament session to next Thursday, during which a vote is scheduled for the Federal Supreme Court law.

Baghdadtoday.news

A deputy refers to a strategic project and confirms: Iraq will have huge sums of money

Today, the representative of the Iraqi coalition, Jasim Al-Bakhati, indicated that a strategic project, if implemented, would draw huge sums of money to Iraq, explaining that the rail link with neighboring countries would kill the large port of Al-Faw.

Al-Bakhati said in a statement to “Tigris”, that “the rail link with neighboring countries will lead to the death of the large Faw port project, on which the state spent billions of dollars,” considering that “if this connection is made, it will indicate the government’s short-sightedness economically . ”

He added that “the alternative to railways and connectivity is to announce the dry canal linking from FAO to Turkey and Europe, and this strategic project will enter an additional budget, as about 200 dollars will be imposed on one ton of goods passing through Iraq, which are huge sums . ”

Al-Bakhati called on the House of Representatives to “halt any project that stands against the large port of Faw, whose profits are estimated after 20 years at about $ 100 billion, equivalent to Iraq’s oil budget, which no Sheriff can ever give up ”

Dijlah.tv

Saleh: The Presidency of the Republic is in the process of developing a legal code on mechanisms for recovering stolen funds

Baghdad today – Baghdad… The President of the Republic, Barham Salih, confirmed that the Presidency of the Republic is in the process of developing a legal code on mechanisms to recover the stolen money from Iraq.

“The Presidency of the Republic is in the process of developing a legal code that deals with mechanisms to recover funds stolen from Iraq, which are located abroad,” Saleh said in a televised interview with (Baghdad Today).

He added, “The file of corruption is dangerous and huge and needs broader and deeper treatments,” noting that “with all these challenges there were procedures and courts that worked to rule on important corruption cases.”

And Saleh continued, “The Presidency of the Republic is in the process of developing a legal code that we will discuss with the House of Representatives, to recover the stolen money from Iraq, which may have gone to capitals and investments abroad.”

He pointed out, “There are important measures and striking financial corruption is a basic pillar for establishing security, and without it, security will not be established.”

And the President of the Republic added, “We are concerned that we have fair elections, and the Iraqi citizen feels reassured that his vote is protected and his decision is respected and that it is not tampered with through fraud and other measures.”

Baghdadtoday.news

Central bank sales of hard currency are recording a noticeable decline

BAGHDAD – Mawazine News… The central bank’s hard currency sales fell, on Wednesday, for a third consecutive day, recording only $ 32 million.

The auction of buying and selling foreign currencies, according to the Central Bank’s daily bulletin, saw a decrease in its sales by 31.71 percent, to reach 32 million and 827 thousand dollars.

The bank’s daily bulletin stated that it “covered its sales at a base exchange rate of 1460 dinars per dollar.”

She added that “the purchases amounting to 32 million and 827 thousand dollars, went to strengthen the assets abroad in the form of transfers and credits, while the banks did not make any purchase of dollars in cash.”

The bulletin indicated that “six banks have fulfilled the requests to enhance assets abroad.”
It is noteworthy that the central bank’s sales of hard currency, on Tuesday, amounted to 48 million and 67 thousand dollars. Ended

Mawazin.net