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TNT
Tishwash:
D********c Party: The current stage requires approving the oil and gas law
On Tuesday, the representative of the Kurdistan D********c Party, Sharif Suleiman, stressed the country’s need to pass the oil and gas law in order to avoid problems between the center and the region, pointing to the possibility of amending the laws to suit the country’s needs.
Suleiman told Al-Maalouma, “Iraq is in dire need of an oil and gas law, especially since the current stage is witnessing problems between the region and the center due to the lack of this law, which can spare the two sides any disputes between them.”
He added, “Most of the laws have been amended, including the Federal Budget Law. If all parties reach agreements to pass the Oil and Gas Law, the door will be opened to amending the Budget Law in line with the wordings of the new law.”
He stated that “the laws are not considered a written book, as they are all subject to amendment according to formulas presented through the proposals of the relevant parliamentary committees or by the Prime Minister, in proportion to the requirements of the stage or the country’s need to amend any law enacted in Parliament.” link
Parliamentary Finance: Government transactions in non-dollar currencies will contribute to stabilizing its official rate
The Parliamentary Finance Committee confirmed, on Tuesday, that the government’s move toward currencies other than the dollar in foreign dealings will contribute to stabilizing its official rate of 1,320 dinars to the dollar.
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Committee member Jamal Cougar said in an interview followed by “Al-Ma’louma” that “the government’s move towards currencies other than the dollar will facilitate the trade issue on the one hand and push traders to deal with the platform more and reduce pressure on the dollar instead of focusing on it, stressing that it will contribute to stabilizing its official price.” “.
He added, “The government has spent only 20% of the current year’s budget, and it is assumed that after December 20, a good portion of the budget will be spent for a period of five days until the accounts are closed.”
A member of the Parliamentary Finance Committee pointed out that, “With the beginning of the new year, the budget schedules for next year 2024 will be sent.” link
CandyKisses:
Globally.. Dollar Falls, Yen Stabilizes Amid Anticipation of US Inflation Data
Economy News-Baghdad
The U.S. dollar fell as the Japanese yen settled in trading on Tuesday, in Asia as traders awaited inflation data in the United States and an anticipated series of central bank meetings.
Dollar index contracts fell 0.5 percent to 145.46 yen. Both currencies have been volatile for days, with the yen rising on comments from the Bank of Japan seen as tightening before falling again on reports that played down expectations of an imminent change in monetary policy.
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ANZ economist Tom Kenney said: “There has been talk of the Bank of Japan moving to raise interest rates and there are expectations that it will happen by next week.”
High iron ore prices and a rebound in Chinese property shares supported the Australian and New Zealand dollars, while other currencies were little changed.
The New Zealand dollar rose 0.5 percent to 0.6154 percent.
The euro was priced at $1.0765 and the pound sterling was $1.2577.
U.S. inflation data will set the framework for Wednesday’s decision by the Federal Reserve.
Later in the week, the European Central Bank, the Bank of England, the Bank of Norway and the Swiss National Bank are due to meet, and Norway is expected to be the only one to raise rates.
Tishwash:
Iraqi Oil Minister: Fossil fuels will remain the main source of energy in the world
Deputy Prime Minister for Energy Affairs and Iraqi Oil Minister, Hayyan Abdul-Ghani, today, Tuesday, defended the production of fossil fuels in response to the recent demands and calls to limit it and even dispense with it, which were issued by the “COP 28” conference. For climate, which was held in Dubai in the United Arab Emirates.
This came during his chairmanship of the second ministerial session on energy, environment and sustainable development within the activities of the 12th Arab Energy Conference.
Abdul Ghani said in a speech in which he opened the session that fossil fuels will remain the main source of energy in the whole world, stressing the necessity of preserving oil as a strategic commodity for producing countries because their economies depend on oil energy sources as a major resource.
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He pointed to the importance of the traditional energy sector and energy transformations in the Arab countries and their various paths, including the transition to renewable energy sources, improving energy efficiency, and the common Arab market for electricity and green hydrogen.
Abdul Ghani added that Arab countries produce oil, but thermal emissions come from industrialized countries that use this oil, and they must increase the efficiency of their equipment to benefit from this energy to reduce harmful emissions.
He continued by saying that we are all working to promote and support renewable and clean energy sources and projects, and our projects on the ground confirm this. link
Source: Dinar Recaps
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Tishwash:
Iraq and China intend to conclude a memorandum of understanding in the field of preventing and combating c********n
The head of the Iraqi Federal Integrity Commission and the director of the International Cooperation Directorate of the Chinese National Oversight Commission (Cai Wei) discussed mechanisms for exchanging experiences in the field of c********n prevention and efforts to combat it and signed a memorandum of understanding between the two sides in this regard.
Judge (Haider Hanoun) stressed, during the meeting that took place on the sidelines of the meeting of the tenth session of the Conference of the States Parties to the United Nations Convention against C********n, which is hosted by the United States in the period from (11-15) of this December, he stressed the importance of communication And cooperation with the Directorate of International Cooperation of the Chinese National Oversight Committee, noting the necessity of providing a safe environment for foreign companies operating in Iraq, especially Chinese ones, praising what he called “the steadfastness of Chinese companies in the face of c*****t people.” He attributed one of his reasons to the Authority’s efforts and increasing the pace of the deterrent aspect through control operations.
For his part, Director of the International Cooperation Directorate of the Chinese National Supervision Commission (Cai Wei) pointed out that the process of combating c********n requires great efforts and the combined efforts of everyone. In order to build and progress, noting the remarkable development in anti-c********n efforts in Iraq, whether at the deterrent level or at the level of prevention and prevention of c********n, renewing his country’s support for the Republic of Iraq in this regard, and seeking bilateral partnership in the areas of supporting anti-c********n efforts, calling on the presidency of the Commission to convene A private workshop in Beijing; To strengthen ties and prepare for the completion of the draft memorandum of understanding.
It is noteworthy that the United Nations Convention against C********n and the decisions emerging from the meetings of the States Parties to it recommend that States Parties, when necessary and in a manner consistent with the Convention, conclude bilateral agreements among themselves related to cooperation in the field of preventing and detecting c********n c****s and prosecuting natural or legal persons who have committed them, and to cooperate in Close cooperation between them, in accordance with their internal legal and administrative systems, to enhance the effectiveness of law enforcement measures. link
Source: Dinar Recaps
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CandyKisses:
Iraq begins e*******l silence on Friday. Documents
Shafaq News / The Media and Communications Commission announced, on Monday, that the “e*******l silence” begins from next Friday, December 15, until the closure of the last e*******l center.
This came in a book sent by the authority to media institutions in which it called on the institutions to abide by e*******l silence and not to promote any entity or candidate.
E*******l silence is a period determined by law preceding every presidential or parliamentary e*******s, in which the practice of political p********a is prohibited, during which all parties and independent and coalition parties are prohibited from exercising any activity within the framework of their e*******l campaign, and in which candidates are strictly prohibited from carrying out any process that falls within the promotion, p********a and winning the favor of voters.
Parliamentary Finance: Government transactions other than the dollar will contribute to fixing its official rate
Information/Baghdad
The Parliamentary Finance Committee confirmed on Tuesday that the government’s orientation towards currencies other than the dollar in foreign dealings will contribute to fixing its official rate of 1,320 dinars to the dollar.
A member of the committee, Jamal Kojar, said in an interview with Al-Maalouma that “the government’s orientation towards currencies other than the dollar will facilitate the issue of trade on the one hand and push traders to deal with the platform more and reduce pressure on the dollar instead of focusing on it, stressing that it will contribute to stabilizing its official price.”
He added, “The government has spent only 20% of the current year’s budget, and it is assumed that after December 20, a good part of the budget will be spent for five days until the accounts are closed.”
A member of the Parliamentary Finance Committee pointed out that “with the beginning of the new year, the budget tables for the next year 2024 will be sent.”
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Integrity Commission: “Where did you get this?” campaign succeeded in recovering $ 10 million to the state treasury
Economy Baghdad News
The head of the Federal Integrity Commission, Judge Haider Hanoune, announced on Tuesday the success of the “Where did you get this?” campaign by recovering $ 10 million and 100 billion dinars to the state treasury.
Hanoun said in a speech during his participation in the Conference of the States Parties to the United Nations Convention against C********n, and followed by “Economy News”, that “there is a lack of cooperation by the countries that host the smuggled c********n funds to return them to Iraq,” noting that “there are unprecedented achievements achieved by the current government during the first year of its life in terms of combating c********n and preventing its spread.”
“The government has placed the fight against c********n at the top of its government programme and allocated the necessary funds to finance anti-c********n programs in the tripartite budget,” he said, pointing out that “there is collective action between the three authorities in Iraq to combat c********n and support the efforts of the Integrity Commission and enable it to carry out its job duties.”
“The Integrity Commission’s success in activating the National Strategy for Integrity and Anti-C********n and its inclusion of various organizational levels, as well as its success in forming a field media team to communicate with the media and investigative journalism in the field of monitoring c********n cases,” Hannun said.
“The Integrity Commission launched a campaign where did you get this? For illicit gain operations, through which more than 10 million US dollars and more than 100 billion Iraqi dinars were recovered,” noting that “the commission has intensified the seizure of bribers of the crime witnessed recently
Source: Dinar Recaps
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