Bond Lady’s Corner Iraqi News Tuesday AM/PM 5-4-21


Iraqi News Tuesday AM 5-4-21

TLM724 Administrator Bond Lady’s Corner

Advisor To The Prime Minister: There Is No Supplementary Budget This Year

Tuesday 04th May 2021  212   Baghdad: Shaima Rasheed  The economic advisor to the prime minister, Mazhar Muhammad Salih, ruled out that there will be a supplementary budget for this year due to the delay in approving the general budget.  Saleh said in an interview with Al-Sabah: “I do not expect that there will be a supplementary budget, because the general budget has been greatly disrupted and it was approved a short time ago. To a supplementary budget or not ”.

He added that “high oil prices do not necessarily mean that there is a supplementary budget, especially since the general budget is built on a deficit, and the price difference is better for the state than borrowing,” noting that “the supplementary budget usually takes place in the middle of June until it is known. Better financial revenue. ”

And Saleh indicated that “the country’s situation determines this matter if there are projects that need to be implemented after they have been postponed and they are important, as well as the existence of financial projects that are postponed.” LINK

The American Delegation To Saleh: Washington Is Committed To Supporting The Security And Stability Of Iraq And Ensuring Its Sovereignty

Time: 05/04/2021 17:04:21 Read: 715 times   {Politics: Al Furat News} The President of the Republic, Barham Salih, stressed, on Tuesday, the need to reduce regional tensions, and to pivot Iraq in facing the challenges of security and the environment in the whole region.

“The President of the Republic received, today at Baghdad Palace, the American government delegation headed by the White House Coordinator for Middle East and North Africa Affairs Brett McGurk, and the membership of the US State Department Adviser, Derek Chollet, and the Assistant Secretary of State for Affairs,” according to the presidential statement. Near East, Joy Hood, and Deputy Assistant Secretary of Defense for Middle East Affairs Dana Stroll.

He added, “During the meeting, they discussed bilateral relations between the two countries and ways to enhance them in the political, security, economic and cultural fields in the context of the strategic dialogue between the two countries and in accordance with common interests, and the importance of continuing work in combating terrorism and eradicating its roots in the whole region was emphasized.”

The statement continued, “The latest regional and international developments of common interest were also discussed.”

Saleh asserted that “Iraq is based on a balanced policy that supports paths to defuse crises and reduce tensions in the region, pointing out that Iraq’s distinguished geographical location, represented in the Mesopotamia since ancient times, while strengthening its security and sovereignty, is a pivotal factor and a starting point in facing challenges related to combating terrorism and strengthening peace.” Region, and facing environmental challenges and the causes of climate change and desertification. “

He referred to “work to promote clean energy and sustainable management of water resources, through cooperation through regional and international joint work systems.”

For its part, the American delegation affirmed Washington’s commitment to supporting the security and stability of Iraq, ensuring its sovereignty, combating terrorism, strengthening its economy, and continuing work and joint coordination within the strategic dialogue between the two countries in various fields, in the interest of the two countries and two peoples. LINK

Today, Tuesday, A Decline In The Central Bank’s Hard Currency Sales

Economie | 01:46 – 05/04/2021   BAGHDAD – Mawazine News   The Central Bank of Iraq’s hard currency sales, on Tuesday, witnessed a significant decline from the figures recorded yesterday.

The sales of the Central Bank of Iraq decreased during its auction for the sale and purchase of foreign currencies today, to reach 175 million 214 thousand and 174 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar.

The purchases amounting to 135 million and 614 thousand and 174 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 39 million and 600 thousand dollars went in cash.

It is noteworthy that the central bank’s dollar sales yesterday, Monday, amounted to 178 million and 947 thousand and 783 dollars. Ended 29 / p4

The House Of Representatives Postpones Its Sessions Until After Eid Al-Fitr

Political  Tuesday 4 May 2021 | 02:10 PM| Views: 378  The independent representative of the victory coalition, Nada Shaker Jawdat, confirmed, on Tuesday, that Parliament will not hold any session before the beginning of the blessed Eid al-Fitr holiday, indicating that the Parliament’s sessions will start after the Eid holiday one week at the most .

Jawdat said that “the members of Parliament were not able to attend parliamentary sessions during the days close to the Eid al-Fitr holiday, and that the deputies of the region and the provinces left Baghdad and did not return until after the Eid holiday .”

She added that “the demands of some parliamentarians regarding calling the parliament to convene for necessary reasons will not be accepted, and that the next session will be held after the Eid holiday, at most,”.

A Slight Decline In The Exchange Rates Of The Dollar In The Local Markets

Economie| 10:42 – 05/04/2021  BAGHDAD – Mawazine News  The exchange rates of the dollar on the main stock exchange and local markets in the capital, Baghdad, decreased slightly today, Tuesday.

The dollar’s exchange rate fell on the Kifah Stock Exchange in Baghdad, recording 148,000 dinars, for each $ 100 bill.

The prices of buying and selling dollars in exchange offices and local markets in Baghdad decreased, as the selling price reached 148,500 dinars, for each $ 100 denomination, while the purchase price reached 147,500 dinars per 100 dollar bill. Ended 29 / p4

Al-Halbousi And Barzani Review Political Developments

Tuesday 04th May 2021   171  Baghdad: Morning The Speaker of Parliament, Muhammad al-Halbousi, reviewed, on Monday in Erbil, with the President of the Kurdistan Democratic Party, Massoud Barzani, the political developments between Baghdad and Erbil.

According to a statement issued by Al-Halbousi’s office, the meeting discussed the overall situation and the latest political developments in Baghdad and the Kurdistan region, including the upcoming early elections, and the need to provide the appropriate atmosphere and complete all the requirements for their conduct.

The two sides stressed the importance of cooperation to face security, economic and political challenges. The meeting also discussed a number of issues of common interest.

Al-Halbousi also discussed with the President of the Kurdistan Regional Government, Masrour Barzani, the emphasis on the need to fundamentally solve the outstanding problems between Baghdad and Erbil on the basis of the constitution.

The meeting between the two parties also addressed “the dangers posed by terrorism in general, especially the threats posed by ISIS in many areas of Iraq and the real threat it poses to the lives of people, in addition to stressing the importance of security coordination between the Peshmerga and the Iraqi army and uniting efforts and capabilities to confront terrorism and its threats.”   LINK

Attracting Investment Achieves Growth In The Productive Sectors

Tuesday 04th May 2021   78 Baghdad: Shukran Al-Fatlawi  The issue of investment is very important to limit the decline in the basic economic sectors in Iraq, represented by agriculture and industry, as they contribute only a very small part to the total product of the country, which devoted dependence on import from abroad, instead of encouraging investment in these sectors and contributing to the development process. And fill the market need.

The National Investment Commission issued the investment map for Iraq 2020-2021, which included a presentation of available investment opportunities at the level of governorates and ministries, in which it was stated that the diversification in the economy comes through the strategic paths and policies that have been developed for the development of the private sector, by strengthening the economic approach based on a leadership role for it in activities In addition to raising the level of competitiveness of the private sector, improving its production and export efficiency, increasing demand and expanding the local market with the aim of absorbing local production and allocating part of it for export.

Academic economist Dr. Abd Al-Rahim Al-Shaddud Al-Taie commented on that, saying: “The main goal of investment is to achieve the advancement of the economy, combat unemployment and inflation, open up areas for diversification in the sources of national income, and not rely on oil as the only revenue for the state budget.”

He assured Al-Sabah that “the success of investment is related to the extent of achieving stability, the rule of law, and building a modern civil state so that the appropriate environment is available to attract investment and promote economic development.”

He believed that “Iraq, in light of the security and economic conditions in which it lives, needs to encourage local and foreign investment, but it needs an appropriate environment and a high degree of general stability.”

He added, “The capital does not venture into investing in insecure areas. Therefore, the government’s first duty is to provide an environment conducive to investment, create a state of stability, and make the priorities that society needs at the forefront of concerns in the field of investment.”

Al-Shaddd pointed out that “the issue of energy appears within these priorities. There is a real and urgent need for serious work to increase oil production, build refineries and operate what is available from them with a suitable capacity, as well as encourage petrochemical industries, as well as the gas available in large quantities in Iraq, whether associated with oil extraction or in The fields of gas, especially since the country possesses large stocks of crude oil and gas, as well as the possibility of increasing their production at great rates.   LINK

Source: Dinar Recaps

More Iraqi News Tuesday PM 5-4-21

TLM724 Administrator BondLady’s Corner

The Markets Are Witnessing A Rapid Rise In Prices

Tuesday 04th May 2021  77  Baghdad: the pillar of the emirate    The adjustment of the exchange rate and the devaluation of the (dinar) against the dollar was accompanied by a sharp and rapid rise in public prices of food, construction, and pharmaceutical consumables, despite the government and parliament’s calls to monitor prices and limit their rise, but they did not witness a decrease, despite the distribution of the ration card items for the month of Ramadan, It witnessed an unprecedented rise in the prices of lands and housing units in Baghdad and the governorates, which negatively affected the economic life of citizens.

The merchant Abdullah Al-Hassan told Al-Sabah Al-Iqtisadi that “the local (wholesale) markets witnessed a rise in prices. A bag of rice rose from 35 thousand to 51 thousand dinars, while the beans increased from 42 thousand to 48 thousand dinars, in addition to the prices of tea.

The carton was from 35 thousand to 42 thousand dinars, while edible oil was the most affected by these changes and its prices increased significantly in the local market. “


The pharmacist, Asaad Muhammad, told Al-Sabah that “the prices of medicines have witnessed noticeable increases,” indicating that “the reason is that most of these medicines are imported from international sources in hard currency, the American dollar. The reason is that the raw materials used in the manufacture of these medicines are imported from abroad.

Real estate

Al-Sabah had a stand with offices selling lands and housing units, who reported that real estate prices, especially in Baghdad, witnessed unprecedented increases in the history of real estate sales.

Ibrahim Al-Ali, the owner of a real estate office, said: “The high-end residential neighborhoods in the Karkh side, such as Al Mansour, Al-Dawoodi, Al-Yarmouk, Al-Qudah, Al-Sayeda, Zayouna, Palestine Street, Cairo and Al-Waziriya neighborhoods in Al-Rusafa have also witnessed unprecedented rises, and the price per square meter has reached some areas of Baghdad.” To 3000 dollars, and now dealing in dollars per square meter without the dinar.

Elevation level

In a related context between a member of the Center for Arab and International Studies of Al-Mustansiriya University, Dr. Amr Hisham, “The price hike was expected due to the devaluation of the national currency, as the level of rise is usually associated with what is known as the elasticity of demand for the commodity.”

He explained, “The more important the commodity to the consumer, the lower its elasticity, such as medicine and some types of basic foods. Therefore, the prices rise with the same devaluation or sometimes higher, with the exploitation of certain seasons such as Ramadan, for example.”

And Hisham added, “The second issue remains is the national production capacity for compensation for imports, which is a limited capacity in the case of the Iraqi economy, due to the weakness of the national production base and the floundering of economic policies that support the development of this base.” LINK

Al-Kazemi Accepts The Resignation Request Of The Minister Of Health And Environment

Time: 05/04/2021 16:22:00 Read: 3,042 times   {Politics: Al Furat News} The Prime Minister, Mustafa Al-Kazemi, approved today, Tuesday, the resignation request submitted by Minister of Health and Environment Hassan Al-Tamimi, after the issuance of the report on the investigation committee formed against the background of the Ibn Al-Khatib hospital incident.

The Council of Ministers had voted in its session held today, Tuesday, on the recommendations of the investigative committee formed according to Cabinet Resolution (140 of 2021) regarding the Ibn Al-Khatib Hospital fire accident and included the imposition of several disciplinary penalties against the director of Ibn Al-Khatib Hospital, his administrative assistant and the civil defense official, exempting them from their positions and removing them from their positions.

The hospital director has a functional degree, and the decisions included relieving the Director General of Al-Rusafa Health from his position, and ending the case of withdrawal of the hand stipulated in Cabinet Resolution No. (140 of 2021) against the Minister of Health and the Governor of Baghdad.   LINK

Activating The Outcomes Of The Strategic Dialogue And Developing Cooperation, The Focus Of The Meeting Of Al-Halbousi With The American Delegation

Time: 05/04/2021 17:12:58 Read: 611 times   Today, Tuesday, House Speaker Muhammad al-Halbousi received the US government delegation headed by the White House Coordinator for the Middle East and North Africa, Brett McGurk, and included the US State Department advisor, Mr. Derek Chollett, Assistant Secretary of State for Near Eastern Affairs, Mr. Joy Hed, and the Deputy Assistant Secretary of Defense. For Middle East affairs, Ms. Dana Stroll.

The meeting discussed developing cooperation between Iraq and the United States of America in the security, economic, cultural and commercial fields, as well as health in light of combating the Corona pandemic, as well as the importance of activating the outcomes of the strategic dialogue between the two countries.

During the meeting, His Excellency stressed the importance of strengthening cooperation and coordination between the two countries in all fields, and supporting the security and stability of Iraq.

For its part, the delegation expressed the continued support of the United States of America to Iraq, their commitment to the strategic partnership, and work together for a strong, sovereign Iraq.  LINK

Al-Kazemi And An American Delegation Discuss The Withdrawal Of Combat Forces From Iraq  

Time: 05/04/2021 15:03:52 Read: 1,651 times   Prime Minister Mustafa Al-Kazemi received today, Tuesday, the US government delegation headed by the White House Coordinator for the Middle East and North Africa, Brett McGurk, and included US State Department Adviser Derek Chollet, Assistant Secretary of State for Near Eastern Affairs Joy Hed and Deputy Assistant Secretary of Defense for Middle Eastern Affairs Dana Stroll.

During the meeting, they discussed coordination and joint cooperation in various fields, and emphasized the activation of the outcomes of the strategic dialogue between Iraq and the United States of America, especially with regard to the withdrawal of combat forces from Iraq and the development and expansion of cooperation in the economic, cultural and commercial fields. 

During the meeting, they also discussed the issue of cooperation in the health field and combating the Corona pandemic, as well as assistance in providing support for the rehabilitation of some health institutions in Iraq.   LINK

Britain Sends Military Forces To Fight ISIS In Iraq

Time: 05/04/2021 14:28:27 Read: 1,534 times   {Umniah: Al Furat News} “Express and Star” newspaper reported that British fighters will join the fight against the remnants of the so-called “ISIS terrorist in Iraq and Syria.”

The newspaper said that eight stealth fighters of the British Royal Air Force, and ten “F35B” aircraft from the US Marines will be sent from the ship “HMS Queen Elizabeth”, which cost 3 billion pounds sterling, which will go to Asia, accompanied by Six Royal Navy ships, a submarine, 14 marine helicopters, and the Royal Marines.

Express and star pointed out that the famous “Dambusters” Squadron, or “617” Squadron, has been assigned to operate aircraft to support anti-ISIS operations in Iraq and Syria.

The British Ministry of Defense said that the “F35B Lightning Fast” aircraft will join Operation “Schader” from “Carrier Strike Group (CSG21)” to prepare for a strong strike against “ISIS”.

The Commander of the British Air Force, Marshal Sir Mike Wigston, told the PA news agency that he had “no doubt that violent extremism and the toxic ideology on which ISIS is based are still rooted in the region.”

Speaking about the upcoming operation, Sir Mike said: “We will carry out operations in support of the government of Iraq, and fight the remnants of ISIS in Iraq and Syria, and we will continue to transfer the fighting to them in their sanctuary where there is no escape from that, as they threaten the streets of the United Kingdom and our allies.”

He continued, “It’s something that the Air Force has been doing very effectively now since 2014, and the Royal Air Force has played a big role in this success.”

He continued, “ISIS is no longer a land force, an occupying power, as it was in 2015 and 2016.”

“Over the past two years, we have been identifying the enclaves in which they dug strongholds in the mountains in remote areas, and we helped the Iraqi government remove those pockets … But I have no doubt that the violent extremism and the toxic ideology on which ISIS is based is still rooted in that region,” he said.

So we still have an important role, and I’m quite clear in my belief that what we do every day – and I have a squadron of Typhoon and other aircraft already deployed and have fought for many years – is making the UK’s streets safer by taking the fight to violent extremists in their havens in Iraq. And Syria. “

When asked if a deadline looms for the fight against ISIS, Sir Mike said: “I am very encouraged by the progress, skill and development of the Iraqi security forces..their ability to take full responsibility for the security of their sovereign lands is getting stronger day by day, and at the end of the day.” This will be the point where the support of allies such as the United Kingdom, the United States and others is no longer necessary. “

And he added, “I do not want to set a date for that, but I have great faith in the progress that the Iraqi forces are making.”   LINK

To read more current and reliable Iraqi news please visit BondLady’s Corner:

Source: Dinar Recaps


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