Thurs. AM TNT News Articles 12-9-21



Economist: Oil prices will rise to $100 .. and the 2022 budget must be a qualitative budget that matches the expected high revenues

The economic expert, Raad Twij, suggested that oil prices would rise to $100 in the coming weeks.

Twig said in a statement to the National Iraqi News Agency / NINA /: The declines in oil prices are still not sharp, vibratory and temporary, due to the weak effect of the mutated micron from Corona. The international community has lowered its forecast for global economic growth in a simple way that does not exceed 0.1 as a result of the small impact of the micron mutator on the world’s economies.”

He pointed out that the expectations of growth rates for the Iraqi economy will jump from 3.6% in 2021 to 10.5% in 2022, so it must be a budget 2022 A qualitative budget that matches the expected high revenues.”  link

Washington stops the automatic deduction from Iraqi oil revenues to compensate Kuwait

Source: Alsumeria News

The Chairman of the Committee of Financial Experts, Abdul Basit Turki, revealed today, Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwait’s compensation.

Turki said in an interview with Alsumaria News, “The Committee of Experts received a notification from the US Federal Bank to stop the deduction,” noting that “a final batch of Kuwait’s compensation amounting to 43 million dollars remains to be paid through the Central Bank of Iraq in one go, for Iraq to end these compensations in full, which It amounts to $52.38 billion.

And he indicated, “After that, Iraq will submit a request to the General Secretariat of the United Nations, requesting that it be removed from the provisions of Chapter VII of the UN Charter.” Turki called for “the Ministry of Foreign Affairs and the concerned authorities to move to urge the formulation of a draft resolution that includes removing Iraq from the provisions of Chapter VII of the Charter of the United Nations completely.”

The Iraqi government intends to pay the last batch of compensation for the Kuwait war, before the end of this year, after depositing, the day before yesterday (Tuesday), more than 207 million US dollars, with the US Federal Reserve, in preparation for removing Iraq from Chapter VII.

The UN Compensation Committee was formed in 1991, obligated Baghdad to pay $ 52.4 billion in compensation to individuals, companies, governmental organizations and others who incurred losses resulting directly from the invasion of Kuwait. Iraq stopped making payments in 2014 during the war on ISIS, which controlled large parts of the country, but resumed payments in 2018.

Washington stops the automatic deduction from Iraqi oil revenues to compensate Kuwait

The international coalition announces the date for the exit of all its combat forces from Iraq – urgent

Today, Thursday, the international coalition led by the United States of America announced the date for the exit of all its combat forces from Iraq.

And the Security Media Cell stated, in a statement received (Baghdad Today), that “National Security Adviser Qassem Al-Araji, received in Baghdad a meeting between the Iraqi Military Technical Committee headed by the Deputy Commander of Joint Operations Lieutenant-General Abdul Amir Al-Shamri and its counterpart in the coalition forces headed by the Commander of the Al-Azm Operations Forces.”

Steel in Iraq Major General John Brennan (USA), and in the presence of his deputy, Brigadier General Karl Harris (UK), Director of the Interagency and Civil Environment Department, Brigadier General Vincent Coste (France), and Director of the Office of Security Cooperation at the US Embassy, Brigadier General Keith Phillips. The meeting was also attended by Commander The NATO Mission in Iraq, Lieutenant-General Michael Lullsgaard (Denmark).

The statement added: “The deputy chief of staff of the Iraqi army, the commanders of weapons (land – air – air defense – army aviation – the navy), the director of military intelligence and the representative of the Ministry of Peshmerga, who presented a list arranged in order of priorities for institutional cooperation that the Iraqi security forces, the coalition and the NATO mission are planning, also attended. NATO to jointly focus on it over the next 24 months.

 He pointed out that “Major General John Brennan offered that, in light of the recent transfers of personnel and equipment outside Iraq, the coalition will complete the process of moving to non-combat missions before the end of this year, according to what was agreed upon.”

Al-Araji stressed, “Cooperation will continue between the Iraqi forces and the international coalition in terms of advice, assistance and empowerment, and he congratulated the assembled parties on the near completion of the transition process earlier than planned, and in accordance with the principles of the strategic dialogue.”

The parties participating in the meeting affirmed their “mutual commitment to continuous cooperation”, clearly defining “how the coalition will continue to support the operations led by the Iraqi security forces.”

In addition, the joint operations commands and the international coalition discussed the lessons learned from the recent successful operations against ISIS.

And he continued: “Finally, the meeting discussed ways in which the Iraqi security forces can coordinate and focus the support provided by the coalition forces and the NATO mission to develop the institutional and operational capabilities of the Iraqi security forces.”

According to the statement, the assembled parties reiterated: “The members of the international coalition will be present at the invitation of the Iraqi government to provide advice, assistance and empowerment to the Iraqi forces in achieving their goals to protect the Iraqi people and eliminate ISIS, and that their presence will be exclusively in accordance with Iraqi sovereignty and international laws and norms. The Iraqi government reiterated its commitment to protect members of the international coalition and the NATO mission in Iraq . ”

The gathered parties also reaffirmed their “plan to re-evaluate the progress made in this relationship on a quarterly basis, and within the framework of the Iraqi Security Coordination Group.”  link

Source: Dinar Recaps


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