Wed. AM/PM KTFA News Articles/Thoughts 12-1-21

217

KTFA

Samson » December 1st, 2021

Al-Kazemi’s advisor: Repetition of the scenario of global economic closure is out of the question

29th November, 2021

Today, Monday, Mawazine News , the financial advisor to the Prime Minister, Mazhar Saleh, presented his expectations regarding the conditions of the oil market and the economy of Iraq with the emergence of the new Corona mutator and fears of returning to general closure in most countries of the world and stopping travel movement, while he suggested not to return to a comprehensive economic closure as happened in In 2020, he indicated that oil prices will go towards stability.

Saleh said, “The white paper is a medium-term reform approach and at the same time an expression of the state’s policy in facing the problems of our rentier economy, which despite the state of optimism in oil prices, is still subject to the risks of fluctuations in the energy market in the world and the surprises that may occur.”

He added, “Despite that, I do not think that the world will witness a complete economic shutdown and coexist with serious recessions similar to what happened in 2020, as the global economy will provide better movement and activity mechanics than last year, and during 2022 we expect to conduct economic activity at the level of countries in the world.” 

He pointed out that “there may be very legitimate global warning concerns to prevent the corona pandemic and hedge its effects, but perhaps these precautions may hide some strategies of oil-consuming countries to reduce the excess demand for energy resources, including crude oil, as an aid to confront the escalation of prices, which is a tactical matter that may succeed in slowing the pace of the increase in oil prices in order to stabilize them within the equilibrium of the energy market without the expected price increases.  LINK

Issuance of arrest warrants against 21 employees of Najaf municipality

29th November, 2021

A security source in Najaf Governorate reported, on Monday, issuing arrest warrants against 21 employees of the governorate’s municipality.

The source told Shafaq News Agency, “The Integrity Investigation Court in Najaf issued arrest warrants against 21 employees of the governorate’s municipality on charges of occupational abuse.”

And the source indicated that “the decision to arrest came against the background of corruption in the Falaka project in the middle of the province,” noting that “the arrest warrants were issued based on the provisions of Article 316 of the amended Iraqi Penal Code No. 111 of 1969.”

The aforementioned article states that: “Any public servant or person assigned to a public service who exploits his position and unlawfully seizes money, belongings, or paper proving a right or otherwise owned by the state or one of the institutions or organizations in which the state contributes a share or facilitates that for others shall be punished with imprisonment.”   LINK

Court ruling against the former director of the municipality of Hilla on corruption charges

30th November, 2021

An informed source in Babel stated on Tuesday, the issuance of a judicial ruling against a former municipality director in the province.

The source told Shafak News Agency; The Hilla Court of Integrity Issues issued a decision to sentence the former director of the Hilla municipality, Nasr Muhammad Judeh, to two years in prison for cases related to financial and administrative corruption. 

The source indicated that there are five other cases against the accused that will be considered by the competent court during the coming period.   LINK

Source: Dinar Recaps


Putin Reveals Arab Countries’ Efforts To Establish Their Own Reserve Currency

30th November, 2021

Russian President Vladimir Putin confirmed that the number of reserve currencies in the world will increase, indicating that Arab countries are considering establishing their own reserve currency. LINK

DeepWoodz » December 1st, 2021

IMO…Wasnt there another article previously stating Russia and Iraq had a meeting?  Sounds like Putin let out a juicy tidbit just like Kuwait did.  Arab accounting dinar??? New reserve currency??? Oh buddy!

Samson » December 1st, 2021

The Sadrist movement reveals the formation of the government and confirms: The next government will be formed “easily”

1st December, 2021

The Sadrist movement, led by Muqtada al-Sadr, confirmed that the next Iraqi government will easily be formed, among the direct reason for this.

The leader in the movement, Issam Hussein, said, “The new Iraqi government will easily be formed because of (the decline of) other parties and the rise of other parties, and this matter will also be a major reason for the Iraqi state to run smoothly during the next stage, due to the presence of the political majority.”

He added that “the political variables refer to the (declining) of political parties and the rise of others, especially the independents, in addition to the fact that the new variable goes towards the majority and not the consensus that has been tried for more than 17 years.”

And he indicated that “the consociationalism had tragic results and resulted in the absence of an official responsible for the reality in light of the spread of corruption and the failure of the management of state institutions.”  LINK

Source: Dinar Recaps

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