TNT
Tishwash:
Kurdistan suspends official working hours for a week on the occasion of Christmas
Today, Wednesday, the Kurdistan Regional Government set the New Year’s holiday.
And the Information and Information Department of the Kurdistan Regional Government stated, in a statement, which (Baghdad Today) received, that “disrupting official working hours in all institutions of the regional government, starting from Sunday, December 25, 2022, until January 1, 2023.”
And she indicated that “working hours in official institutions will be resumed, as of Monday, January 2, 2023.” link
Vice President of Standard & Poor’s expects oil to reach this level!
In an interview with CNBC on Tuesday evening, S&P Global Vice President Dan Yergin said that he expects oil prices to rise strongly during the coming period, and explained that there are also some factors that create a lot of uncertainty about the outlook for oil prices. oil.
Yergin stated that oil prices will receive a lot of support when China fully lifts its epidemic restrictions, indicating that Khan Brent may then rise to the highest level of $ 120 a barrel.
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The Vice President of the International Research and Credit Assessment Agency added that the basic scenario for oil prices during the year 2023 is that the price of Brent crude will reach the level of $ 90 a barrel, but he pointed to several other factors that would change the volume of demand or supply for global oil supplies.
Yergin added that if China bypasses its epidemic policies completely, and then contributes to a significant increase in the volume of demand in the oil market, which suffers from limited supply, this may be a single strong push for oil prices towards $ 121 a barrel.
On the other hand, Yergin indicated that oil prices may drop to about $70 a barrel in the event that the recession scenario for some major economies is realized.
Yergin warned that there is a lot of uncertainty that still surrounds the oil market as a result of three factors, namely; The upcoming US Federal Reserve decisions, the level of demand in China, and of course Russia’s reaction to the oil price ceiling mechanism that the European Union and its allies imposed on Russian oil this month link
Parliament intends to hold an extraordinary session to read the 2023 budget 22:16
The Finance Committee in the House of Representatives revealed the parliament’s intention to hold an extraordinary session of the parliament for the purpose of starting the first and second reading of the budget, in the event that it was sent by the government to the legislative authority, while it indicated that the budget is still present in the corridors of the Ministry of Finance and was not sent to the Council of Ministers for the purpose of passing it.
Committee member Jamal Cougar told (Baghdad Today) that “there are obstacles that delay sending the budget, including the birth of a full government with full powers on October 27, while the law stipulates that the budget be sent on October 15, and accordingly the government was then to conduct business and this is the first reason.
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As for the reason The second is the arrival of oil prices to approximately 79 or 80 dollars, and this confused the parties that prepare the budget, as they do not know how much the price they are currently setting in the budget, how much is the total value of it, and how much is the deficit in it. All of them are confusing accounts now.
Cougar added, “A country like Iraq lives on oil, which greatly affects it if prices drop from $100 to a number lower than that, and therefore we in the committee and parliament are waiting for the budget to arrive for the purpose of discussing and passing it, even if we are in the legislative season recess.” link
For the first time.. dollar cash sales to the Iraqi Central Bank exceed foreign remittances
The Central Bank of Iraq’s cash sales of the US dollar increased today, Wednesday, to exceed for the first time foreign transfers, with the participation of 32 banks.
Shafaq News agency reporter stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 126 million 67 thousand and 350 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar.
Our correspondent added that most of the sales went, for the first time, in the form of cash sales, amounting to 63 million and 70 thousand dollars, while the rest went to strengthening balances abroad (remittances, credits) and amounted to 62 million 997 thousand and 350 dollars.
Our correspondent indicated that the number of banks that bought the cash dollar amounted to 18, while the number of banks that met requests for strengthening balances abroad reached 14, while the total number of exchange and mediation companies participating in the auction was 186 companies. link
Source: Dinar Recaps
Tishwash:
America’s papers are burning in Iraq.. The people’s “dreams” await investigation, while Washington stands by
It is no secret to anyone the role that America plays through its many tools in Iraq since the formation of the new government to the present day. Attempts to stand by al-Sudani and provide adequate support may be more like “poisoning with honey” and mere international positions that “do not fatten or enrich”, so it is not reasonable. For Washington to stand by Baghdad, especially after the formation of a government that does not conform to its orientations.
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The “papers” of the White House in Iraq may be many and varied, as it knows very well that placing a tool for it in every detail of the country, whether it is economic, political, local or security, will benefit it one day, especially since the government will not fall in a “single blow.” This prompts it to activate all “press buttons” to thwart its “service” program.
The leader of the State of Law, Wael al-Rikabi, confirmed that America uses many pressure cards to pressure the current government in order to agree to its demands, while stressing that the t-------t attacks represent one of these cards to prevent the country from developing and turning to China.
The leader of the coalition, Wael al-Rikabi, said in an interview with the information agency, that “Washington has several cards that it tries to use whenever the country reaches a point of preserving its prestige and seeking to achieve its interests,” noting that “the White House’s papers in Iraq are many, including Washington’s ambassador.” Baghdad and its suspicious movements, but the Iraqi government will not easily pay these cards.
And he added, “The other card that America has is represented by the t-------t I--S gangs and the t-------m file and bringing criminals into the western and northern regions, as happened with the recent attacks in Tarmiya, Salah al-Din and others.”
The leader in Maliki’s coalition explains, “The other thing is the inclination of some political parties to it,” pointing out that “all these cards represent basic pillars for Washington to use whenever it wants.”
And it shows, “America is trying to use these cards to put pressure on the Sudanese government to respond to its demands and not to turn towards China and move away from it.”
* Cloak of Evil
Iraq’s exit from Washington’s mantle and heading towards another camp may offer it a lot, an idea that the White House does not like at all, and destroying it is necessary, especially since the opposite side is its first economic enemy, which is China, and it may be considered a source of concern by the Sudanese government to the US administration, according to the expert. Security, Aqil Al-Taie.
Al-Taei mentioned in an interview with Al-Maalouma Agency, that “Washington’s interests in Iraq are threatened under the Sudanese government, which has worried the US administration and Washington’s ambassador with his recent moves.”
And he points out, “The t-------t gangs in Iraq have returned to their activities, returning to using malicious cards and relying on smuggling security forces based on directions from US President Biden to break what the new government is trying to build.”
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* Transition to date
Iraq’s transition from the western camp towards the east may be for it the “opportunity of a lifetime” to achieve what the country aspired for after 2003, which will bring about a qualitative transition for it at all levels and in a short period of time, according to the leader of the Fatah Alliance, Aed al-Hilali.
In an interview with Al-Maalouma, Al-Hilali said, “The Sudanese government is trying to work to create a balance in contracts between the eastern and western camps in order to fulfill the dream of the Iraqis in achieving prosperity for the country in all aspects,” stressing that “the Sudanese government’s going to the eastern camp will bring about its transition.” Quality at all levels and in a short period of time.
He states, “Iraq now needs continuous work at competitive prices, and this is what the Chinese agreement now offers, which is still offering many projects to Iraq.”
Al-Hilali continues, “Most of the contracts that were contracted with in the Western camp did not succeed, and many c--------n deals appeared in them,” adding that “contracting with the West means charging Iraq twice the cost that China accomplishes with the same capabilities.”
The opportunity of a lifetime for the Sudanese government may face enormous dilemmas and international risks, most notably Washington’s objection to the idea of leaving Iraq from under its hands and handing it over with a “platter of gold” to its enemies according to its point of view, which believes that it is the legitimate ruler and the first guardian of Mesopotamia, but the popular will and the power of the government, despite The Americans’ “traps” and their “malignant” cards may bring about a “transition” that can only happen with “dreams.” link
After a “golden” year… Iraq’s fiscal surplus will decrease by 78% in 2023
Today, Wednesday, the Fitch Ratings agency expected that Iraq’s fiscal surplus will be lower in 2023 compared to 2022, as the numbers show the possibility of its decrease by 78%.
And the agency classified Iraq at the B- rating, indicating that “the B- rating reflects the heavy dependence on primary commodities, weak good governance, political risks, and the lack of development of the banking sector,” according to Reuters.
Fitch Ratings stated, “Iraq’s budget surplus will rise to about 10% of GDP in 2022, supported by the increase in oil revenues.”
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It said it expected a much smaller surplus in the 2023 budget, at 2.2% of gross domestic product.
It noted that the B- rating is balanced by large foreign exchange reserves and low interest costs on government debt.
(Baghdad Today) translated the agency’s figures on the fiscal surplus to reach a clearer picture of the size of the decline, as the decrease in the surplus from 10% of GDP in 2022 to 2.2% of GDP in 2023 means that the surplus will decrease by 78% next year. .
Iraq’s gross domestic product is more than 200 billion dollars, which means that the surplus in 2022 amounted to more than 20 billion dollars, while in 2023 the surplus will reach only 4.5 billion dollars, which is a decrease of 78%. link
Source: Dinar Recaps
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