Oil prices fell by more than half a dollar per barrel
Global oil prices fell today, Tuesday, by more than half a dollar per barrel.
According to Reuters / that: By 05:12 GMT / 12: 8 / Baghdad time, US West Texas Intermediate crude futures fell 61 cents, equivalent to 0.94%, to $ 64.31 a barrel, after increasing it two years on Monday.
Brent crude futures fell 56 cents, or 0.82%, to $ 67.76 a barrel, after rising 4 cents yesterday.
Today, OPEC is expected to release its monthly report on the oil market, which will include production figures for last April. link
The high oil prices must be exploited by approving a supplementary budget for the current year
Economic expert, Raad Twaij, stressed the need to approve a hypothetical supplementary budget for the current year after the rise in global oil prices.
Twig said in a statement to the Iraqi National News Agency ( NINA ) that: With the increase in oil prices to 69 dollars and the increase in revenues to 6 billion dollars this month and the possibility of a large cash surplus, a hypothetical supplementary budget must be decided and made of a productive developmental nature that increases business activity in the country. Iraqi society. ”
He pointed out,“ the need to empower the Iraqi woman, as it is more than half of the society, by preparing a plan to transform the Iraqi woman into a productive woman through industry and sewing on a large scale, and that this plan should be within the supplementary budget in order to replace her from imports of clothes that take more than 10 billion dollars. Dollars a year. “
Twig continued, “We must take advantage of the high oil prices, which rise to $ 70, in a supplementary budget to employ 20 million Iraqis. link
First comment from joint operations on the withdrawal of Lockheed Martin from Balad base
On Tuesday, the Joint Operations Command warned of the withdrawal of companies operating in the maintenance of F-16s, while confirming that these aircraft are the backbone of the Air Force.
“The F-16 aircraft are very important aircraft and the backbone of the Iraqi Air Force and the Iraqi arm in fighting and fighting terrorism,” said the spokesman for the leadership, Major General Tahseen Al-Khafaji, in a statement to the official agency affiliated with “Nas” (May 11, 2021), indicating that “the companies operating in the maintenance These aircraft have a direct impact on the process of preparing the cadres and technologies that contribute to raising the capacity of Iraqi technicians. ”
He added, “We hope that the training of our technical cadres will be completed in order to take the principle of maintenance, as well as fully equip and repair,” indicating that “any interruption in the schedule of the preparation process will negatively affect the training processes, complete our capabilities and build our engineering and technical capabilities.”
The spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasool, had announced earlier, the need for training, arming, equipping, and exchanging intelligence information with the international coalition, stressing that this would complement building the capabilities of the Iraqi armed forces.
And the American company “Lockheed Martin” announced that it had withdrawn maintenance teams for F-16s from the Iraqi “Balad” air base for security reasons.
“In coordination with the US government and with the safety of our staff being our top priority, Lockheed Martin is relocating the F-16 team that is based in Iraq,” Joseph Lamarca Jr., a communications officer at the weapons manufacturer, said in a statement, without revealing how many employees are. Being pulled.
“The company has 70 employees at Balad base, 50 of them will be transferred to the United States and about 20 to Erbil in the Kurdistan region,” an Iraqi official told the New York Times
A senior official in the Iraqi Ministry of Defense confirmed that the company would withdraw the staff due to the repeated missile attacks on the base, noting that “efforts to persuade the company to stay have been unsuccessful.”
He pointed out that when they were asked to postpone the decision, they said, “We will leave in two or three months, and when you provide protection, we will return to Iraq.”
A recent US Defense Department report said: “The Iranian-backed militias focused during the first three months of this year on attacks on major bases in Iraq, which prompted US contractors to temporarily leave the Balad base of the Iraqi Air Force. “.
Lockheed Martin’s decision is expected to stop the remaining number of F-16s in the Iraqi fleet from operating, which casts doubts on Iraq’s ability to fight ISIS militants without much help from the United States, according to the newspaper.
Iraq bought F-16s in 2011, after the withdrawal of US combat forces from the country, and the announcement of the deal, which was estimated at billions of dollars, marked a new era of security cooperation between the United States and Iraq. link
Source: A high-ranking Saudi delegation is visiting Baghdad today
A responsible source revealed, today, Tuesday, that a high-ranking Saudi delegation will visit the capital, Baghdad, this evening.
The source said, “The Saudi delegation will be headed by a high-ranking government figure, and this is the first visit of its kind.”
He added, “For security reasons, the visit was not announced earlier, and the name of the delegation and its head is not allowed to be revealed.”
On the seventh of May, the American New York Times revealed a high-level Saudi-Iranian meeting in the capital, Baghdad, this month.
It is noteworthy that diplomatic moves and talks are taking place in the Middle East during the recent period, even between the most adversarial parties in the region.
The most prominent of these moves were the negotiations between Saudi Arabia and Iran that were held in Baghdad under Iraqi auspices, which are expected to continue, according to the American “New York Times”, which revealed an upcoming meeting between Saudi and Iranian officials, which may be held in Baghdad this month “at the level of ambassadors.” .
In addition to Iraq’s sponsorship of the Saudi-Iranian dialogue, Baghdad also sponsors talks between Washington and Tehran, as Bloomberg reports, citing informed sources. link
Good morning folks, I hope everyone is keeping their spirits high expectancy. See yourself in your future and rehearse being generous and loving to all.
we are still in window…in spite of all the world drama
Source: Dinar Recaps
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