“19th is the Time Frame” – Mon. PM TNT Thoughts/News 5-16-22

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TNT

CandyKisses:
The leader of the Sadrist movement in a strict tone: We will not ally with the blocking third

Baghdad / Obelisk: The leader of the Sadrist movement, Muqtada al-Sadr, confirmed on Monday, May 16, 2022, that he will not allow a return to square one.

Al-Sadr said in a statement received by the obelisk, “The Iraqi people suffer from poverty and we will not allow it to return to square one.”

Talking to the coordinating framework, he added, “What excuse do you make for disrupting the people’s summit?”

Al-Sadr added in his speech that “the people are boiling, and for how long will corruption remain?”

Tishwash:
An urgent meeting of the coordination framework and its allies to discuss developments in Al-Sadr’s position

The office of the head of the State of Law coalition, Nuri al-Maliki, announced on Monday that an “urgent” meeting was held for the Shiite coordination framework and its allies to discuss the speech of the leader of the Sadrist movement, Muqtada al-Sadr, and his recent positions regarding the political blockage.  link

RVAlready:
I think friends of Maliki are trying to squash the food law, so that the RV does not happen, and they can continue to steal money from the auctions. They have to be running scared to have Parliament and the federal court both working to kill the food law. It is all becoming painfully obvious. Maliki might get prosecuted over this.

CharlieOK:
You’re probably right rv. I can’t wait to see if a scenario of a CG (Caretaker government) running Iraq off of the already enacted and approved budget, is good enough for the CBI. If not, the can look like it has been kicked.

Fuze:
The thing that puzzles me about the Supreme Court decision is “why so much surprise”? Well over a month ago there was concerns about the CG not having the authority to send the food law. Now the Supreme Court has spoken and given a road map. Parliament can do a majority vote 1/2 + 1 and grant the CG authority and past the law the same or next day. Np… That S Court decision presents a road map on how to do it without an appeal opportunity…sweet… Sadr block has a comfortable 1/2 + 35

Annie68:
Exactly!! Hope this is the confusion of the end!!!

Kaseyko1:
I’m with you as well, Annie, that we’re seeing smoke & mirrors. From my reading everything I can find, it appears that the Independents’ initiative may be accepted by Sadr. If so, they should be able to have a majority to vote on the pres & pm positions. The Iraqi people & us can only hope. The ongoing demonstrations should help this cause.

Yada:
Agreed Kaseyko with the movement of the 50 independents. They stated they are going toward the majority vote which is what Sadr is promoting. Interestingly, the Framework stated they will support the candidate the Independents present for PM.

Kaseyko1:
Annie, to answer your question, the demonstrations by the people will push the PTB to get their acts together with their govt & give the people the money so they richly deserve.

Yada:
So, if they were going to do the Food service law, the rate would of been released and on the other side, with the independents coming to Sadr’s side, voting on the President before the PM will also get the rate released by the cbi…… So, President voted in, PM is declared BUT the rate can and should be released once the President is appointed by the CBI.

Skinman:
You all think by the end of the month?

Annie68:
We were told the 19th to the end of the month is the time frame. We shall see!!!

CandyKisses:
The Iraqi Stock Exchange is trading shares worth 43 billion dinars in a week

Shafaq News/ The Iraq Stock Exchange announced today, Monday, that it traded shares with a financial value of more than 43 billion dinars during the past week.

The market said in a report seen by Shafak News Agency, “The number of companies whose shares were traded during the past week amounted to 56 joint-stock companies, while the shares of 33 companies were not traded due to the lack of convergence of the prices of purchase orders with sales orders, while 15 companies continue to stop for not providing disclosure from Out of 103 companies listed on the market.

He added that “the number of traded shares amounted to 52 billion and 617 million and 097 thousand shares, with a financial value of 43 billion and 867 million and 396 thousand dinars, through the implementation of 3410 deals,” noting that “the traded price index ISX60 closed at 583.47 points, recording a decrease of 1.19% from its closing.” in the previous session.

He pointed out that the number of shares purchased from non-Iraqi investors for the past week amounted to 287 million shares, with a financial value of 497 million dinars, through the implementation of 62 deals, while the number of shares sold from non-Iraqi investors reached 325 million shares, with a financial value of 966 million dinars, through the implementation of 380 Deal.

It is noteworthy that the Iraqi Stock Exchange organizes five trading sessions per week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.

Al-Sadr threatens the “obstructing third”: the insolence has reached the disabling of laws that benefit the people

Shafaq News/ The leader of the Sadrist movement, Muqtada al-Sadr, launched on Monday a stinging attack on the Iraqi judiciary, accusing it of keeping pace with the “disgraceful” actions of the blocking third, threatening at the same time the “blocking third”.

Al-Sadr said in a speech addressed to the Iraqi people, followed by Shafak News Agency, that “the people suffer from poverty, as there is no new majority government that may benefit them, nor the current government that can serve and benefit them.” ?”. Referring to the judiciary’s decision to repeal the Food Security Law.

He added, “They target the people and reject their subjugation, and the most amazing thing is that the judiciary is keeping pace with the disgraceful acts of the blocking third in terms of knowing or not knowing,” noting that “the authority blinded them to the weight, fear and shortage of money and lives, militias’ domination, dependency, and fears of normalization and epidemics.”

Al-Sadr continued, “I was not surprised even an iota of the blocking third was obstructing the formation of the majority government.”

Al-Sadr waved to the coordination framework with the street paper and said, “The oppressed have a roar from which you will not be safe.”

Yesterday, Sunday, the leader of the Sadrist movement, Muqtada al-Sadr, announced the trend towards the opposition, after the failure of the political parties, including his Sadrist bloc, to form the Iraqi government, months after the legislative elections in the country.

Al-Sadr called on the parties and parliamentary blocs, including “the Sovereignty and the Democratic Party) to form a government.

It is noteworthy that the leader of the Sadrist movement, Muqtada al-Sadr, launched two initiatives to form the federal government, one of which announced its failure, which he granted to the coordination framework at the beginning of last April, and the other he launched to independent deputies on the third of this month, giving them 15 days to carry out the task of forming the government in cooperation with allies in The Triple Alliance (Save a Homeland) from the Kurds and Sunnis without representing the Sadrist bloc as ministers.

Source: Dinar Recaps


Tishwash:
Iraq indicates economic and financial recovery: We want more

Today, Monday, Prime Minister Mustafa Al-Kazemi chaired an economic meeting devoted to discussing the current financial and economic conditions in the country.

A statement by Al-Kazemi’s office said that the meeting came “in light of the reports and positive indicators developed by the International Monetary Fund and the World Bank,” and the meeting was attended by the Minister of Finance and advisors specialized in financial and economic aspects.

At the outset of the meeting, the Prime Minister affirmed that the strategy that was developed to address the financial and economic conditions has succeeded in overcoming the challenges that the government received at the beginning of its formation, and that the growth of indicators mentioned by international reports is a reflection of this strategy.

He added that the momentum that succeeded in raising the country’s economic situation must continue, and that we should continue to strive for more.

He listened to a detailed presentation by the Minister of Finance on the Iraqi economic reality and the good international indicators in light of the escalating growth of the Iraqi economy despite the great challenges it faces, as international reports indicated that the total foreign currency reserves increased significantly, in addition to achieving a good level of revenues. According to the statement.

During the meeting, it was pointed out that Iraq controlled food prices locally, despite the double increase in their prices globally, as well as the achievement of growth in the domestic product that exceeds what was achieved in the countries of the Middle East and North Africa.

The report showed that inflation rates in the internal economy were controlled, and the current account balance rose, as well as a noticeable rise in the overall financial balance.

In its report issued last April, the World Bank confirmed that Iraq ranked first in the Arab world with the largest growth in GDP and per capita for the year 2022.

And the World Bank report expected that “Iraq’s gross domestic product will grow this year by 8.9 percent, exceeding the rest of the Arab countries, including Qatar, which is expected to grow by 4.9 percent, Saudi Arabia 7 percent, and Kuwait 5.7 percent.”  link

In an emergency session… Commerce is looking for alternative plans to confront the price hike crisis

The Food Security Committee at the Ministry of Commerce held an emergency meeting today, Monday, to discuss the repercussions of the Federal Court’s veto of the Emergency Food Security Support Law, and to discuss the requirements for supporting the ration card and confronting the rise in prices.

The Minister of Commerce, Alaa al-Jubouri, stressed, while presiding over the meeting, according to a statement by the ministry and received by Earth News, “the importance of mobilizing all efforts to support the requirements of the ration card and to provide strategic storage for wheat that meets the need for the ration for the coming months.”

Al-Jubouri added that “the decision to veto the Federal Court put us in front of a new responsibility to search for alternatives to support the requirements of the ration card, and we need a clear vision presented to the relevant authorities in the House of Representatives or the government.”

He pointed out that “the committee has developed many solutions and plans through which it is possible to support the requirements of the ration card and face the rise in prices as a result of the Russian-Ukrainian conflict, and at the forefront of these solutions is supporting the marketing season by receiving all marketed quantities from farmers and farmers and making every effort to pay their financial dues and within the decision of the Council of Ministers Which allowed the delivery of those dues no later than the first of next June.

The minister also pointed out to “searching for the issue of purchasing on credit from sober global origins, or choosing several companies for the purpose of agreeing and contracting with them to supply materials, provided that the amount will be made at a later time by the Ministry of Finance.”

He stressed “the importance of reconsidering the groups benefiting from the catering system in order to direct the ration card to the poorest groups, which helps them to overcome the crisis of high prices and their scarcity in the local market.”

And he stressed at the same time, “the importance of leaving the traditional methods in the face of potential circumstances and the search for new alternatives that allow supporting the need for the ration card.”

The meeting discussed alternatives that enable the Ministry of Commerce to present a clear vision to the Council of Ministers and the Ministry of Finance for the purpose of overcoming the repercussions of the current stage and considering the categories covered by the ration card, as well as dealing with other categories covered by the Council of Ministers’ decision to withhold the ration card, since the current circumstance requires bold decisions aimed at supporting citizens

Those with limited income and directing it to them more as well as searching for alternatives to the law of emergency support for food security in agreement with the Ministry of Finance and the relevant authorities to develop a mechanism that allows this ministry to contract for the purpose of securing sufficient strategic storage at the end of next year, as well as dealing with the food basket file, which was able in this The situation is facing the repercussions of the price hike crisis and our people’s exit from it.”

It is worth noting that reversal of the law will negatively affect the sustainability of funding by perpetuating the work of the food basket project with securing strategic storage, the allocations of which were guaranteed by the law of emergency support for food security and development.  link

Electricity: Failure to pass the emergency subsidy law will put us at risk of cutting off gas supplies

The Ministry of Electricity confirmed today, Monday, that failure to pass the emergency subsidy law will put the ministry at risk of cutting gas supplies.

The ministry said in a statement received by “Earth News” that “while the Ministry of Electricity respects the decisions of the esteemed Federal Court, which are binding on everyone and obligatory for implementation, the failure to pass the emergency support law for food security and development will greatly confuse the work of the Ministry of Electricity if it is not implemented.” Finding an alternative to this law.

He added, “Its support in the law came after repeated hosting by the brothers, members of the Parliamentary Finance Committee of the Minister of Electricity and the advanced owners of agents, advisors, general managers and experts, and a great understanding was achieved on their part for their technical payments about the requirements of the national system of supplied gas, and the accumulation of financial dues.”

The statement continued, “The Ministry of Electricity was counting on the emergency support law in large parts, to support electricity in providing gas dues payable to the Iranian side, for the value of the gas supplied for the year 2020, due to the failure to pass and approve the general budget law for 2022 to pay it.”

She pointed out that “the emergency support law had to allocate these details in favor of electricity to pay the dues (previous and current), as well as authorizing the Minister of Finance to sign financing agreements for ongoing loans included in the 2012 budget, which led to the delay in proceeding with dozens of projects to complete maintenance, complete stations and rehabilitate distribution networks

Given that the budget is not passed, and ministries are granted a budget (1/12), it is definitely not enough to keep pace with work, with the observers of the time when the global crisis casts a dark shadow on the increasing demand for gas under the weight of the Russian-Ukrainian war. l

And she added, “The Ministry of Electricity has negotiated earlier with the Iranian side on the issue of dues for fuel supplied to the stations, and it understood (thankfully) the extent of the need for these releases, on the condition that we pay what we owe them by a date no later than the end of the current month of May, for the need for these amounts to purchase the requirements of the Iranian people. of food and medicine, which are urgent and indispensable humanitarian requirements.”

The ministry stressed that, “Based on the foregoing, the failure to pass this law, and the absence of an alternative, will affect overall the work of the Ministry of Electricity, and put the state at risk of cutting off gas supplies and repeating its experience, at a time when the country suffers from climate extremism and its consequences, not forgetting the urban expansion.”

And the population, who are considered a reality of the situation, which the Ministry of Electricity deals with very seriously, based on its responsibilities and its message towards the government and the people of the country.”   link

Source: Dinar Recaps

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