Fri. AM-PM TNT News Articles 9-16-22



Source: Al-Kazemi participates in the meetings of the United Nations General Assembly in New York

15th September, 2022

A source said, Thursday, September 15, 2022 that Prime Minister Mustafa Al-Kazemi will participate in the meetings of the United Nations General Assembly.

A source close to the Prime Minister told Al-Masala, that Al-Kazemi will head an Iraqi delegation to represent Iraq in the meetings of the United Nations General Assembly.

According to the source, Iraq will present an independent vision of ways to support stability among the countries of the region.

Al-Kazemi had met on July 26, 2022, US President Joe Biden, and discussed with him the relations between Baghdad and Washington, and ways to strengthen them.

Last Tuesday, the meetings of the United Nations General Assembly were launched under the slogan “A watershed moment, transformative solutions to intertwined challenges,” as participants seek to find common solutions to the crises facing the countries of the world.  LINK

An economist explains the reason for the fluctuation of oil prices

An economist explained the reason for the fluctuation of oil prices in global markets.

Duraid Al-Enezi told {Euphrates News} that “the current fluctuations in oil prices are nothing but political decisions, and if there is a significant drop, it is only a temporary process.”

And he indicated that “any decline or rise is accidental, so oil prices cannot go down in the short term.”
Al-Enezi made it clear that “prices depend on political decisions and not on economic supply and demand or scarcity.”  link

Commerce intends to hold five specialized exhibitions, including Baghdad International

The General Company for Exhibitions and General Commercial Services, affiliated to the Ministry of Commerce, announced the establishment of 5 specialized exhibitions for the remainder of this year, including the Baghdad International Fair.

The company clarified in a schedule published on its website, that the Baghdad International Fair will witness the establishment of the International Exhibition for Food, Livestock and Aquaculture for the period from 26 to 29 of this month, as well as the Iraqi International Construction Exhibition for Buildings Installations and Cooling Systems for the period from 27 to 30 of this month.

She confirmed that the beginning of November will witness the holding of the forty-sixth Baghdad International Fair for the period from 1 to 10 of it, adding that the Iraq International Exhibition for Building and Construction will also be held on the grounds of the Baghdad International Fair for the period from 21 to 24 of it, stressing that a book fair will be held during the period from 10 to 20 December of this year, which is the last exhibition for this year  link

Billions of dollars are smuggled from Iraq and the region.. Smugglers and the purchase of nationalities and real estate

A report supervised by the “Nerij” network, which specializes in field investigative investigations, stated that thousands of members of the merchant class, the wealthy, and party and government officials, are seeking to obtain citizenship and a second passport that costs them more than 100,000 dollars, and allows them to travel freely, and transfer their money and wealth. to other countries, and those operations are stationed in Iraqi Kurdistan.

The investigation stated that annually tens of thousands of Kurdish citizens, mostly young men, try to reach European countries through human smuggling routes, in which dozens die annually by drowning at sea or suffocating in trucks. Low- and middle-income earners pay an average of $10,000 on that trip, while the wealthy take other routes that cost many times that number.

Smugglers, companies buying nationalities and investors say that billions of dollars have come out of the region in recent years, and that Kurdistan has lost great investment and development opportunities as a result of “corruption, lack of justice and fear of the future.”

Multiple sources in the offices of “second citizenship” insurance companies that have been active in Kurdistan and are using various means to advertise their business, confirm that thousands of citizens of Iraq and the region, especially the newly affluent class, are seeking to obtain a Dominica passport and passports of other countries through financial investment or the purchase of real estate.

The idea of purchasing a passport for Dominica, a small island with a population of 72,000, has gained wide popularity during the past three years among those looking for a safe and easy way to reach the countries of the European Union, especially in the last year after the decline of the migration path through Belarus and its complexity through Turkey to reach the countries of the European Union. The European Union, despite the high cost of securing the passport of the Caribbean countries, which amounts to a minimum of 110 thousand dollars.

These companies promote the ease of obtaining citizenship through advertisements on social networking sites “Facebook and Instagram” in addition to the tourist groups that have turned into an active market for the promotion of these advertisements.

As for the other option, it is through real estate investment, where the applicant must invest in a real estate project approved by the government in Dominica with a value of no less than 200 thousand US dollars. The investor must retain ownership of the property for at least 3 years from the date of obtaining citizenship, and the investor can resell the property under the Dominica citizenship by investment program after 5 years, without withdrawing his citizenship or losing any of its privileges.

These main advantages have encouraged many businessmen, capitalists and new politicians, whose families did not live in Europe, to apply for the citizenship of that country, to enjoy travel easily, and to ensure exit from Iraq and residence in a stable country when the situation is turbulent or there is a collapse in its system Politicians in crisis.

Numerous sources contacted confirm that applications for Dominica citizenship escalated in Kurdistan, starting in 2019, and reached a peak in 2021, until the number of those who obtained it and whose files were close to completion became more than 15,000 people. The last number was mentioned by a well-informed security source to Al-Alam Al-Jadid, who indicated that thousands of others are preparing their papers to obtain a second citizenship.

A member of the Kurdistan Regional Parliament – who asked not to be named for private reasons – says that more than 1,500 people in the latter category now hold a Dominica passport, including about 600 officials working in government and party security departments in Kurdistan.

The Sulaymaniyah Governorate leads the region in the number of people who have obtained a Dominica passport and are seeking to obtain it. The number of applicants is at least four people per month at one company, out of a total of seven local private companies that promote these transactions. Some companies receive larger applications, and requests multiply during the crisis period in Kurdistan.

Erbil comes in second place in the number of people holding a passport, but it tops the provinces of Kurdistan with the number of companies, numbering ten, one of which has the largest number of transactions, according to one of the workers in this field. Erbil is followed by Dohuk governorate in the second place in the number of companies (9 companies), and third at the regional level in the number of holders and applicants for citizenship.

Officials in Company (A, E) are accused of falsifying documents and committing fraud against citizens who submitted their transactions with the company to obtain passport and citizenship, but their “dream” was not realized or was disrupted due to violations in the processing of their papers, the accuracy of their details and their validity. This happened as a result of submitting forged documents from some applicants, or merging them with other families in exchange for money.

An informed source says that an official in the company (DS) “earned millions of dollars through manipulation of papers,” noting that many complaints of fraud and forgery of documents were filed against him, and this is what made him wanted by the security authorities, without knowing his whereabouts after his disappearance months ago. And turn off his phones.

Karzan Kamal (48 years old) does not stop visiting the headquarters of (A,E) company in the hope of obtaining heart-warming news about (D.S), who promised him to obtain a Dominica passport for him and his family of four people (his wife and two sons) in exchange for ( $150,000) he paid last January as a down payment.

According to a source close to the company, dozens of people seeking to obtain a Dominican passport, such as Karzan, with the aim of easy immigration, have fallen victim to the fraud of the main suspect, D.S., whose dreams ended in severe shocks, especially since many of them sold their homes, shops and other properties in order to Securing the required amount, and lost their jobs, and they live today in rented houses.

The source says that (D.S.) was required to obtain more than 100,000 US dollars as a down payment to make any transaction. He asked ordinary citizens and single youth to promote their transactions, and fled after revealing the forgery of documents of citizens who arrived in Europe and others who fell into an ambush of fraud on them. Their requests have not yet been answered, after the Dominica government decided to suspend the procedures for applicants from Kurdistan to obtain its citizenship through investment.

The first step of the procedures for obtaining a Dominica passport begins with an agreement with one of the operating companies to submit identification documents (civil status identity or unified card, green card, ration card, Iraqi nationality) of the head of the family and his family members, as well as the case with the bachelor, but the latter is the higher amount of a married person.

Investors and traders in the Kurdistan region assert that the Iraqi citizens’ search for countries that grant them residency and citizenship has caused billions of dollars to leave the country over the past two decades, which represents a loss of great economic opportunities.

The official spokesman for the Kurdistan Investors Union, Yassin Mahmoud Rashid, says that the number of Kurdish citizens who have applied for citizenship in countries such as Dominica, Turkey, Spain, Greece and others is approaching 100,000, with exorbitant amounts varying between (110-400) thousand US dollars  link

Source: Dinar Recaps

The World Bank launches an appeal: More countries are starting to collapse

The World Bank has accused the “leading” central banks of pushing the global economy into a “devastating” recession next year, if interest rates are raised “too dramatically” in the coming months.

The World Bank called on monetary authorities in major economies to coordinate their actions to reduce the overall impact of the tightening, the Financial Times reported.

The World Bank urged governments to provide targeted relief to vulnerable families rather than relying on tighter monetary policy.

World Bank President David Malpass said momentum in the global economy was waning and more countries were already starting to collapse.

“My deep concern is that these trends will continue, with devastating long-term consequences for people in emerging markets and developing economies,” he added     link

Source: Dinar Recaps


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