Thurs. PM KTFA News Articles/Thoughts 3-31-22

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KTFA

Samson » March 31st, 2022

The Iraqi government reduces the official working hours during the month of Ramadan

31st March, 2022

The General Secretariat of the Council of Ministers decided today, Thursday, to reduce the official working hours by one hour during the month of Ramadan in all government departments and institutions.

This came according to an official letter appended to the signature of the Secretary-General of the Council, Hamid Naim Al-Ghazi, on March 31.

The decision was left to government institutions and departments to determine the reduction, whether at the beginning or end of official working hours.  LINK

Clare » March 31st, 2022

IN PRINT..THEY STILL WORK DURING RAMADAN. imo

Samson » March 31st, 2022

After Parliament failed to hold the second session of ‘choosing the president’… the framework prepares an initiative to bypass the ‘node’

31st March, 2022

Al-Hamami, indicated that the coordination framework is in the process of completing and putting forward an initiative in order to proceed with negotiation, dialogue and understanding in order to end the state of political blockage.

“It has become clear to the political forces the general situation and that there is no way but to sit at the table of understanding and end the political blockage for which the Iraqi citizen pays,  LINK

DeepWoodz » March 31st, 2022

imo   Sadr said NO

Article 70 Second

If none of the candidates receive the required majority vote then the two candidates who received the highest number of votes shall compete and the one who receives the majority of votes in the second election shall be declared President.

Samson » March 31st, 2022

Trade Bank of Iraq

31st March, 2022

Dear customers, for the purpose of achieving the highest level of security improvements followed in ATM and the application of the bank, a security check will be carried out, so we would like to ask your attention in case of a service discontinuation on Friday 1/4/2020 for 12 hours and starting at 1 o’clock in the morning for the purpose of updating.  LINK

Erbil announces Ramadan plan and warns merchants: We will not allow you to raise prices

31st March, 2022

The mayor of Erbil Governorate announced on Thursday that it is monitoring the markets in anticipation of a rise in food prices with the approach of the month of Ramadan.

Nabz Abdul Hamid, the mayor of the district of Erbil, toured the markets to see the prices of foodstuffs and urged merchants not to raise prices.

Abdul Hamid said in a press conference held on this occasion and attended by Shafak News Agency, that this visit came with the specialized committees in Erbil governorate to monitor market conditions, especially as we are approaching the month of Ramadan, and perhaps some traders are raising prices, adding, “We are constantly monitoring market conditions from Through the specialized committees, the demand for food, especially sweets, should not be a motive for traders to raise prices.

He added, “These committees will be in constant monitoring of markets and prices, and we want to assure citizens that we will not allow traders to take advantage of the situation to raise prices.  LINK

Oil prices fall $ 6 as America seeks to liberate 180 million barrels

31st March, 2022

Oil prices fell more than $6 a barrel on Thursday, as the United States considered freeing up to 180 million barrels of its Strategic Petroleum Reserve over several months to calm surging crude prices

Brent crude futures fell $5.15, or 4.54 percent, to $108.30 a barrel at 04:30 GMT. US West Texas Intermediate futures fell $6.17, or 5.67%, to $101.71 a barrel, after falling earlier to $100.85

Three sources said that US President Biden will make statements later on Thursday announcing the plan aimed at reducing gasoline prices, which rose to record levels in the wake of the Russian invasion of Ukraine, which is to free 180 million barrels of oil

News of the possible release of US oil overshadowed a meeting scheduled for later on Thursday between the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia

The group known as OPEC+ is expected to stick to its current agreement to gradually increase oil production

Oil prices rose about 3% on Wednesday, driven by supply concerns as peace talks between Russia and Ukraine, which describe their actions as a “special operation”, stalled

Russia is the world’s second largest oil exporter, and sanctions imposed as a punishment for the invasion have disrupted flows from the country, driving up prices

In November, the United States announced a plan to release 50 million barrels of Strategic Petroleum Reserve, mostly through exchanges where the buyer agrees to exchange oil at a later date

The study of liberating the quantities of US oil comes at a time when US commercial oil stocks fell by 3.4 million barrels in the week ending on March 25  LINK

Source: Dinar Recaps


Samson » March 31st, 2022

European Countries Enter A New Crisis For Refusing To Deal In The Ruble

30th March, 2022

A number of European countries announced their rejection of Moscow’s request to move to ruble payments to pay for Russian gas imports to it.

A spokesman for British Prime Minister Boris Johnson told reporters, Wednesday, that the Minister of Business, Energy and Industry Kwasi Koarting, in cooperation with his colleagues, “has made it clear that they will not pay in rubles.”

For its part, spokeswoman for the Bulgarian government, Lina Borislavova, said that her country also rejects the Russian request, stressing that the position of the Sofia government, which is being coordinated at the European Union level, is that it should not be allowed to violate the contracts that stipulate that payments come either in euros or dollars.

For her part, Austrian Defense Minister Claudia Tanner confirmed that Vienna will not also pay in rubles for Russian gas, noting that his country has a common position with other European countries in this regard.

The European Commission and representatives of a number of European countries had put forward similar positions in the past few days.

In turn, Russian Deputy Foreign Minister Sergei Ryabkov announced in an interview with RT that Russia, by its decision, does not violate the contracts, but seeks to defend its interests in light of Western sanctions imposed on it after launching its military operation in Ukraine.

Ryabkov described the recent Western sanctions as “irresponsible and shook the foundations of international trade and the global financial system,” expressing Moscow’s hope that “the European Union and other countries will take correct decisions.”

The Russian diplomat pointed out that a number of countries immediately abandoned their obligations under contracts concluded with Russia in many areas, adding: “I hope that we will not face the continuation of this fierce economic war, and I call on all those responsible for decision-making in Europe today to be rational.” Ryabkov expressed Moscow’s hope that a compromise would be reached that would ensure that the Russian demand would be met.

President Vladimir Putin had previously ordered “unfriendly countries” to pay for Russian gas exports to them in rubles.   LINK

The Russian government bypasses Western sanctions with a new mechanism

31st March, 2022

The Russian government has allowed the parallel import of a certain group of products and goods, and there is talk of allowing products to be imported through third countries, without the consent of the trademark owner or the manufacturer

And the Russian Prime Minister, Mikhail Mishustin, announced, during a government meeting held yesterday, the signing of a document on allowing the import of goods through third countries, without the consent of the trademark owner or the manufacturer

Mishustin pointed out that the goal of the new mechanism is to meet the demand for goods that have intellectual property protection, pointing out that previously it was not allowed to sell products in Russia without the permission of the owner of intellectual property rights

The Russian Prime Minister added that the Russian Ministry of Trade and Industry will publish a list of the products covered by the new decision

Experts believe that the Russian government, through this step, intends to bypass Western sanctions imposed on the country and combat a shortage of foreign goods popular in Russia  LINK

Source: Dinar Recaps

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