Sun. AM TNT News Articles 3-12-23



Taif Sami announces the completion of the “2023 budget” and sends it to the Council of Ministers for a vote

The Minister of Finance, Taif Sami, announced on Sunday, the completion of the draft federal budget law for the year 2023 and sending it to the Council of Ministers for the purpose of discussing and voting on it.

Sami mentioned in a statement received by Shafaq News agency; “The completion of the preparation of the project comes under exceptional circumstances in the global economy, which came to deal with the effects of international, regional and local economic challenges,” he said.

And the Minister of Finance indicated; “The next draft budget will focus on development priorities, support for the social protection network, and the most needy groups, as well as providing a secure cover for strategic and sustainable development projects,” he said.

Sami indicated, “During the past months of the new government’s life, we worked to extract a budget that responds to the needs of the Iraqi economy and is consistent with the government’s curriculum plans and the package of financial and economic reforms that the ministry is working to achieve.”   link

High-level Kurdish delegation visits Baghdad today on oil and gas law

Shafaq News / The official spokesman for the Kurdistan Regional Government, Jotyar Adel, announced on Sunday that a delegation from the Kurdistan Regional Government will visit Baghdad to discuss the draft federal oil and gas law.


Adel said in a statement to the website of the regional government, seen by Shafaq News agency, that “the delegation consists of the Minister of Justice, the head of the Coordination and Follow-up Department, an agency in the Ministry of Natural Resources and specialists from the Ministry of Justice, and tomorrow meetings will begin on the draft oil and gas law, which is one of the important topics and a solution must be reached within a specific time.”

He added that “this law will solve many problems in general and problems in the oil sector in Iraq in addition to the relations between Erbil and Baghdad and for the Kurdistan Region to be a key partner in decisions related to the oil industry effectively.”

Adel continued; “The law will reorganize the work of this sector, whether at the level of Iraq or at the level of relations between the region and the federal government, and the details of this issue will be talked about. In the end, this project must be a reflection of a full agreement between the two parties and be in their interest, and this will be an important accomplishment not only for the Kurdistan Region but for all of Iraq.”

Iranian rial rebounds on resumption of ties with Saudi Arabia

Baghdad Today – Follow-up

The Iranian rial has managed to recover some of the losses it has suffered during the recent period, as it recorded a rise following the agreement between Tehran and Riyadh to restore diplomatic relations on Friday.

According to foreign exchange website, the rial hit 439,477 to the dollar in the informal duty free market, compared with <>,<>.


The Iranian rial fell to a record low of 601500,<> per dollar in late February.

But Iran’s currency rebounded in March after tensions over Iran’s nuclear program appeared to ease, coinciding with the visit of the head of the United Nations International Atomic Energy Agency to Iran.

The Iranian rial has lost about 30 percent of its value since widespread protests erupted in the country in September. 

Riyadh and Tehran announced on Friday that they would reopen embassies and diplomatic representations within two months and implement security and economic cooperation agreements struck more than two decades ago.

The Chinese dragon is scattering “Uncle Sam” cards… The Middle East is outside Washington’s hegemony

In light of the government’s endeavor to consolidate relations with all countries of the world in a balanced manner and to ensure that it is not drawn into the repercussions of the political disputes that America seeks, and in the midst of Iraq’s endeavor to renounce Washington’s hegemony and not rely on a single axis, China dealt a severe blow to “the United States of America and Israel.” With its success in restoring political, economic and security relations between Saudi Arabia and Iran after a break that lasted for years, as this agreement will lead to the end of the continued Israeli advance to lure the Arab countries into normalization, as well as the positive repercussions on the Iraqi scene in many files, according to observers.

What will Iraq benefit from it?

And speaking of the return of relations between Saudi Arabia and Iran, mediated by China, the representative of the State of Law Coalition, Muhammad Al-Shammari, said in an interview with Al-Maalouma agency, that “this agreement will lead to many positive files on the Iraqi level in light of the balanced policy that China plays in the middle condition.” He indicated that “Iraq has a role in mediating and preparing with China in order to restore the relationship between Saudi Arabia and Iran.”

 And he continues, “Such relations and agreements mark the beginning of features of American weakness in the region,” pointing out that “restoring foreign relations between Iran and Saudi Arabia through Chinese mediation is a painful blow to American hegemony.”

Regarding Iraq’s benefit from the Iran-Saudi Arabia agreement, Al-Shammari explains: “This agreement will reflect positively on the Iraqi political arena and its stability in the coming period,” adding that “the agreement is a political victory calculated for Iran over the United States of America.”


The end of America, the Middle East

In addition, political analyst Sabah Al-Aqili said in an interview with Al-Maalouma agency, “The agreement and the return of relations within two months will lead to many positive axes on the Iraqi and regional arenas,” noting that “the agreement will face the challenges of thwarting it by the Zionist entity and the United States of America.”

And he adds, “China’s entry into the line in the Middle East is tantamount to the decline of Washington’s role on the ground,” pointing out that “the agreement suggests a change in Saudi Arabia’s policy of not relying on America and announcing its orientation towards the eastern axis represented by Russia-China.”

Regarding Saudi Arabia and Iran’s direction towards China, Al-Aqili explains: “The agreement is due to the failure of US policy in the middle condition and the entry of China as a major player on the political, economic and social levels, as the latter will undertake re-planning of the region according to the priorities of the countries.”

According to a tripartite statement issued by Iran, Saudi Arabia and China, which stipulated the resumption of diplomatic relations between the two countries and the reopening of their embassies and representations within a period not exceeding two months. The two countries will also work to activate the security cooperation agreement and hold talks on strengthening bilateral relations, while Saudi Arabia and Iran thanked Baghdad. And the Sultanate of Oman for their role in hosting tours.

Israel’s policy failure 

In the same context, former Israeli Prime Minister Naftali Bennett says, “The renewal of relations between Saudi Arabia and Iran is a dangerous development for Israel and a political victory for Iran.”

And he considered that the resumption of Iranian-Saudi relations constitutes “a fatal blow to efforts to build a regional alliance against Iran,” and stressed that this is “a catastrophic failure of the Netanyahu government, resulting from a combination of political neglect, general weakness, and internal conflict in the country.”

He said, “The countries of the world and the region are watching the conflict in Israel with a dysfunctional government that systematically works on self-destruction; then these countries choose a side (in the conflict – between Israel and Iran).”

He described the Netanyahu government as a resounding economic, political and security failure, and endangers the State of Israel on a daily basis, adding, “We need a broad national emergency government that works to repair the many damages that have occurred.”


According to the majority opinion, China continues its effective policy by concluding international agreements and treaties that hit America, benefiting from the differences it creates in the Middle East and the world in general, and also ending the file of normalization with regard to Israel, which failed in its abhorrent policy in the Arab countries, and it is possible that there will be repercussions

The return of relations between Saudi Arabia and Iran is positive in the Iraqi arena, according to observers.  link

Source: Dinar Recaps


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