The Iraqi Stock Exchange announces the suspension of its activity for one day
The market management said in a statement received by Shafaq News Agency, that “based on the decision of the Council of Ministers to declare an official holiday for one day on the occasion of the tenth of Muharram, the stock trading session will not be organized.”
He added, “The activity will be practiced after the official holiday and starting on Wednesday, August 10, according to its official timings.”
It is noteworthy that the Iraq Stock Exchange (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, hotels and services. link
Al-Sadr: Reform will defeat corruption in Iraq
The leader of the Sadrist movement, Muqtada al-Sadr, said on Monday that reform will defeat corruption in Iraq.
Al-Sadr said in a tweet on his Twitter account: “Oh God, accept our current vigil in the Green Zone with you. It is with you, not with your corrupt and subservient enemy.”
He added, “Just as blood triumphed over the sword in kindness, so will reform triumph over corruption in our beloved Iraq.”
Below is the text of the tweet:
In the name of the Lord of Hussein
Peace be upon you, O master of the martyrs, peace be upon you and the rebellious ones
May God magnify our reward and your reward with the affliction of Imam Hussein, my soul to him. Rather, God magnified the reward of the Messenger, and God magnified the reward of the Virgin, and God magnified the reward of God.
The wages of a virgin’s husband. My condolences go to the station of Mawlana, the owner of the age and time. Your understanding is with you, not from your enemy from the corrupt and dependent And as victory is blood over the sword in the throat, so reform will triumph in science
Here, I do not say: I wish we were with you, but I say: Oh God, accept our current protest stance in the Green Zone with you.
Corruption in our beloved Iraq
Peace be upon Imam Hussain, and curse be upon those who say, and peace be upon one of the values, reform, and no consolation, the security of blood corruption
Surah Muharram New
Servant of Imam Hussein Muqtada al-Sadr link
Decisive meeting to be held in Erbil next Wednesday, official says
Shafaq News / President of Diwan of the Kurdistan Region Presidency, Fawzi Hariri, said on Monday that a meeting will bring together the Presidency of the Region and the heads of Kurdistani political parties, to discuss holding the Parliamentary election.
Hariri told Shafaq News agency that the Special Representative of the Secretary-General for the United Nations Assistance Mission for Iraq, Jeanine Hennis-Plasschaert, will attend the meeting, which will take place next Wednesday.
He added that aside from the election file, the meeting will shed light on the pending issues between the political parties in the Kurdistan Region.
Last February, President Nechirvan Barzani signed an order to hold the legislative election on October 1st.
The last election held in the region was back in 2018. The Kurdistan Democratic Party won a majority with 45 out of 111 seats. However, its rival, the Patriotic Union of Kurdistan, won 21 seats.
Al-Fatah: We are not against the re-election — The decision to dissolve the Parliament is the first condition
Baghdad – NAS
Rafik al-Salhi, a member of the Fatah alliance that is part of the coordination framework, said on Monday that his alliance is not against the re-election, while noting that the decision to dissolve parliament is the first requirement in this framework.
In a statement to the official newspaper followed by NAS (August 8, 2022), the MP pointed out that “there are points to work on the holding of elections; first it decides to dissolve the parliament in accordance with the constitutional legal procedures, and to take place under an authentic government and not a caretaker government.”
“We are not against the re-election, we are the first to challenge its fairness and manipulate the results,” he said.
He asked: “Who will bear the high financial costs spent for the 2021 elections, which may not be the last early according to the pressure of some blocs or their moods,” and added that “the coordination framework is adhering to its candidate Mohammed Shia al-Sudani and holding a session and forming a consensus government that takes into account the electoral entitlements even for the blocs that withdrew because they represent a mass base.”
“The president of the republic must be elected and the prime minister assigned in order for the political process to proceed with any national decisions,” he said.
Earlier, the coordination framework announced its position on the demand of Sadrist leader Moqtada al-Sadr to dissolve parliament and hold early elections.
A statement of the framework received by “Nass”, a copy of which (August 4, 2022), said that it “confirms its support for any constitutional path to address political crises and achieve the interests of the people, including early elections after achieving national consensus around them and providing a safe atmosphere for their conduct, and preceded by all this work to respect the constitutional institutions and not to disrupt their work,” stressing in the same regard that “our ceiling remains the law, the constitution and the interest of the people.”
Source: Dinar Recaps
Russia’s ruble hit its strongest level in 7 years despite massive sanctions.
Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest level since May 2015.
The ruble has actually gotten so strong that Russia’s central bank is actively taking measures to try to weaken it, fearing this will make the country’s exports less competitive.
Russia’s ruble hit 52.3 to the dollar on Wednesday, its strongest level since May 2015. On Thursday afternoon in Moscow, the currency was trading at 54.2 to the greenback, slightly weaker but still near seven-year highs.
That’s a world away from its plunge to 139 to the dollar in early March, when the U.S. and European Union started rolling out unprecedented sanctions on Moscow in response to its invasion of Ukraine.
The ruble’s stunning surge in the following months is being cited by the Kremlin as “proof” that Western sanctions aren’t working.
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Source: Dinar Recaps
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