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TNT
Tishwash:
Al-Sudani will visit Doha tomorrow to participate in the World Security Forum
A political source reported today, Sunday (May 19, 2024), the visit of Prime Minister Muhammad Shiaa Al-Sudani to the Qatari capital, Doha.
The source told “Baghdad Al-Youm”, “Prime Minister Muhammad Shiaa Al-Sudani will head tomorrow, Monday, to the Qatari capital, Doha.”
He added, “The reason for the visit is to participate in the 2024 World Security Forum.”
The activities of the Global Security Forum will begin tomorrow in Doha, and will continue until the 22nd of this month with broad participation from officials, decision makers and policy makers.
The forum witnesses in-depth discussions on many sensitive issues related to global security, with the aim of addressing and discussing the challenges and opportunities posed by the interconnected world link
Iraqi Parliament adjourns amid chaos: Failure to elect Speaker leads to physical altercations
As speculated, and in a recurring scenario, the Iraqi Parliament adjourned its session on Saturday evening to an unspecified date after failing to reach a decisive third round in the e******n of its president.
The competition remained intense between the Siyada bloc’s Salem Al-Issawi and the Taqadum Bloc-backed Mahmoud Al-Mashhadani.
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The scene did not differ much from January 3, 2024, as leaked by MPs about today’s session, marked by verbal altercations, and physical scuffles, reminiscent of events witnessed and reported five months ago, orchestrated by members of the Taqadum Party under the leadership of Mohammed Al-Halbousi.
MPs’ smartphones captured heated verbal exchanges and physical confrontations between members of the Taqadum Party and colleagues from other blocs over the e******n of the parliament’s president.
Mishaan al-Jubouri, a leader in the Siyada Party, posted on the X, ” When the quorum reached 190 deputies, Taqadum’s MPs set up a barrier between the seats and the presidency platform.”
Al-Jubouri added that “MP Haibat Al-Halbousi from Taqadum a*******d Muthanna Al-Samarrai, the head of the Azm bloc, prompting MP Ahmed al-Jubouri to strike Haibat.”
This incident highlights the tensions and physical confrontations that marred the proceedings during the parliament’s session.
Prior to this, MPs from Taqadum demanded amendments to the parliament’s internal regulations before proceeding with the voting round, fearing Salem Al-Issawi’s potential victory in the third round, according to a parliamentary source.
While the quorum was complete, several Taqadum MPs opposed proceeding with the vote unless the internal regulations of the parliament were amended.
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These demands led to chaos inside the council, escalating later into physical brawls and verbal a***e between MPs from the Taqadum Party and others from different blocs, as shown in leaked footage.
Yet again, the Iraqi Parliament failed to elect a new president in its second round of voting, which saw intense competition between Al-Issawii and Al-Mashhadani. The former garnered 158 votes while the latter received 137 votes.
Against the backdrop of this vote convergence, a state of division prevailed among political blocs. The Siyada and Al-Azm, alongside others aligned with them, as well as MPs supporting Salem Al-Issawi, insisted on continuing the session and initiating a third round to elect a new parliament president.
However, other blocs, including the State of Law, Taqadum, and Al-Sadara, supporting Mahmoud Al-Mashhadani for the parliament presidency, pushed for postponing the session to a later date, according to a parliamentary source.
Notably, on November 14, 2023, the Federal Supreme Court, the highest judicial authority in Iraq, decided to end the membership of Parliament Speaker Mohammed al-Halbousi. Then, the Iraqi Parliament officially terminated his membership on November 21, 2023.
On January 13, the Iraqi Parliament held an extraordinary session to choose the new Speaker. However, due to verbal altercations inside the council hall, the session was adjourned without completing the e******n process.
Nearly half a year after the dismissal of Al-Halbousi, the parliamentary council has again failed, for the fifth time, to settle the issue, thereby stalling the enactment of crucial legislation. link
CandyKisses:
Cabinet holds extraordinary session to discuss budget tables for 2024
Shafaq News / The Council of Ministers held, on Sunday, an extraordinary session chaired by Prime Minister Mohamed Shia Al-Sudani to discuss the tables of the federal budget for the year 2024.
This session comes as Al-Sudani is scheduled to head tomorrow, Monday, to the Qatari capital, Doha, to participate in the Global Security Forum for the year 2024.
At the end of April, Acting Speaker of the House of Representatives Mohsen al-Mandalawi agreed with Prime Minister Mohamed Shia al-Sudani on the need to complete the schedules of the 2024 budget law and expedite sending them to the House of Representatives for discussion and voting, as they are related to the lives of citizens and focus on investment spending for new projects.
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In the meantime, the Ministry of Finance referred to the controls contained in the circular of the Budget Department No. 69333 on 24/4/2024 to all ministries, which must be taken into account when approaching the department for the following purposes:
● Transfer of services from one destination to another.
• Request for a grade and job title on political segregation.
● Change job titles.
● Change the address of the unauthorized certificate upon appointment.
● Marking variables: (promotion / calculation of the certificate in accordance with Law No. 103 of 2012 / calculation of the duration of the contract and wage / previous services, press service and service of practicing the legal profession).
● Indication of the period of calculation of the political chapter.
● Promotion to the position of expert.
● Marking of variables of self-financing circles.
Tishwash:
Paying off external debt is a step to promote stability and recovery
Experts in the field of economics expressed their confidence in the economic and financial reform steps undertaken by the current government under the direct supervision and guidance of Prime Minister Muhammad Shiaa Al-Sudani, and while they pointed out that Iraq’s payment of its foreign debts is a supportive step for financial and economic stability and moving towards recovery, they called for Accelerating the steps to move away from the framework of the “mono-rentier economy” towards a multi-resource economy.
The head of the “Osoul” Foundation for Economic and Sustainable Development, Khaled Al-Jabri, said in an interview with “Al-Sabah”: “Iraq’s payment of all its debts to the International Monetary Fund is a positive step towards enhancing economic stability and improving the country’s financial situation,” indicating that “this achievement has implications.” “There are multiple impacts on the Iraqi economy, in terms of improving the credit rating, as repaying debt enhances Iraq’s credit rating, which may reduce borrowing costs in the future, and it also reflects the country’s ability to fulfill its financial obligations, which increases the confidence of international lenders and investors.”
He added, “Enhancing international confidence confirms Iraq’s commitment to financial and economic reforms and can attract more foreign investments, as investors see that the financial environment has become more stable, and that the financial resources (money) that were used to repay debts can now be allocated to development projects.” And infrastructure, and can contribute to improving public services and increasing spending on health and education.”
Today, Thursday, the Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, announced that Iraq has fully repaid all loans provided by the International Monetary Fund since 2003, noting that their total did not exceed 8 billion dollars.
The head of the Al-Sharq Center for Strategic Studies and Information, Ali Mahdi Al-Araji, explained in an interview with “Al-Sabah” that “Iraq’s total debt amounts to about 70 billion dollars, divided into an internal debt worth 50 billion dollars scheduled between the Iraqi banking system and the three government banks (Al-Rasheed, Al-Rafidain, and Al-Basra). Iraqi Trade), and the other part is an external debt amounting to 20 billion dollars, meaning that in total it constitutes only 35 percent of the country’s gross domestic product.
He explained, “Iraq – as it is known – is a rentier country that depends on oil, and this is offset by a significant real exhaustion of the state budget estimated at $42 billion that goes annually between job salaries, retirement, and social care. Perhaps we will face in the future what is called (the Dutch d*****e), where reliance on… Natural resources and the collapse or decline of the industrial side.
Al-Araji expressed his confidence in “the great efforts of Prime Minister Muhammad Shiaa Al-Sudani to resolve the financial crises in Iraq,” stressing that “we find them to be good steps. There must be a wise administration that controls the country’s cash reserves and seeks to achieve harmony and balance between operational and investment expenses and… Its imports, and repairing the deficit in the trade balance, budget, and payments, to avoid any financial crisis that may afflict the country.” link
Source: Dinar Recaps
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Tishwash:
Official working hours in Iraq will be suspended for 9 days next month – urgent
Baghdad Today publishes a schedule of official holidays for next June, where a holiday is expected to be announced for 9 consecutive days.
As shown below:
Friday, June 14: Weekly holiday.
Saturday, June 15: Weekly holiday.
Sunday, June 16: Day of Arafat.
Monday, June 17: Eid al-Adha.
Tuesday, June 18: Eid al-Adha.
Wednesday, June 19: Eid al-Adha.
Thursday, June 20: Eid al-Adha.
Friday, June 21: Weekly holiday.
Saturday, June 22: Weekly holiday. link
Details of the extraordinary session of the Council of Ministers and the budget schedules sent to Parliament
The media office of Prime Minister Muhammad Shiaa Al-Sudani revealed, on Sunday, the details of the extraordinary session of the Council of Ministers and the budget schedules sent to Parliament.
The office stated in a statement received by Shafaq News Agency, “Al-Sudani chaired an extraordinary session of the Council of Ministers devoted to discussing the federal general budget schedules for the state ministries and institutions, for the year 2024, within the requirements of the Federal General Budget Law No. 13 of 2023, for the years 2023, 2024, and 2025.”
The session witnessed the approval of schedules (A, B, C, D, E, and F) and the planned deficit schedule for the year 2024, based on Article (77/Second) of the Federal General Budget Law No. (13) of 2023, for the years (2023 – 2024 – 2025). ), and refer it to the House of Representatives.
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The session also included approval to re-announce the investment opportunity to implement the Baghdad Metro project, and the Holy Najaf-Karbala train, for an additional month, to ensure obtaining offers from other companies and entering the competition with the only offer.
The Council agreed to exclude the company executing the project to design and implement Al-Tajiyat Stadium (60,000 spectators), and the project to construct the fence and gates of Al-Tajiyat Sports City, from submitting a letter of guarantee for good implementation of the project, according to what was stated in the letter of the Ministry of Youth and Sports, dated May 19, 2024. link
The Governor of the Central Bank announces the start of the second phase of the banking sector restructuring plan
Central Bank Governor, Ali Mohsen Al-Alaq, announced today, Sunday, the start of the second phase of the banking sector restructuring plan.
The media office of the Central Bank of Iraq said in a statement received by the Iraqi News Agency (INA): “Al-Alaq received a delegation from the World Bank headed by the Regional Director for Equitable Growth, Finance and Institutions for the Middle East and North Africa region, Nader Muhammad,” noting that “during the meeting, strengthening relations was discussed.”
The bilateral relationship between the Central Bank of Iraq and the World Bank, especially the restructuring of government banks, the launch of the Riyada Bank project and its economic and social importance, and the two parties also discussed the experiences of neighboring countries in confronting climate change and its impact on the national and regional economy.”
He added, “The meeting discussed small and medium enterprises and their support by the Central Bank, and the development of the financial and banking sector, non-banking financial institutions, financial markets and the insurance sector, as well as benefiting from the World Bank’s experiences in digital transformation, financial inclusion, and digital banks,” noting that “the governor reviewed during the meeting , The Central Bank of Iraq’s plan to restructure the banking sector,” noting that “this bank has completed the first phase of the plan, and has begun the second phase.”
Al-Alaq stated – according to the statement – that “the Board of Directors of the Central Bank licensed the Green Bank, which will be the nucleus of renewable energy and sustainable financing initiatives,” revealing “the Central Bank of Iraq’s intention to license a number of digital banks.” link
CandyKisses:
Electricity goes on high alert as hot season begins
Baghdad – Iraq Today:
Minister of Electricity Ziad Ali Fadel called for mobilizing the ministry’s energies in preparation for the next summer season.
The media office of the Minister of Electricity said in a statement that “the Minister of Electricity inspected the Sadr gas power station in Baghdad as part of his inspection tours to see the progress of maintenance and rehabilitation work in the production stations before the summer peak season.”
He added, “The minister held a meeting with officials of the station, which consists of four production units with a total capacity of (636) megawatts, where they discussed topics related to maintenance work and the most prominent obstacles in work and developing solutions to them in order to complete the work according to the specified time frames.”
He pointed out that “the minister conducted a field tour in the sections of the station and was briefed on the rehabilitation work carried out on the units by the experts of the German company Siemens and the ministry’s staff, and praised the efforts of the engineering and technical teams to increase the efficiency of production stations and increase generating capacities,” calling for “mobilizing energies in preparation for the next summer season, in order to provide reliable and stable electrical energy to citizens.”
Next month. A large conference to announce 8 cities as investment opportunities
{Economic: Al-Furat News} The New Cities Authority at the Ministry of Construction, Housing and Public Municipalities announced the imminent announcement of the second batch of cities as investment opportunities for companies and real estate developers.
The director of the authority, Hamed Abdel Hamad, said in a press statement that “the procedures have been completed, to reveal 8 new cities as investment opportunities within a second batch of residential cities in the government program for housing, as well as work to complete the procedures to announce three other cities soon,” noting that “cities will be available for investment in front of Arab and international companies, and local investors wishing to invest in this vital sector.”
Hamad explained that: “The beginning of next month will witness a large conference to announce investment opportunities, in the presence of international, Arab and Gulf companies,” noting that “the headquarters of the authority witnessed the visit of dozens of companies to see investment opportunities in these cities, and we sensed a real desire to invest in this sector.”
The director of the authority added that “five new cities have already been referred, including [Ali Al-Wardi] by signing the initial contract, while work began after the issuance of the investment license in the cities of {Al-Jawahiri} in Baghdad and {Al-Ghazlani} in Nineveh,” pointing out that “the Chinese and Iraqi companies implementing the installation of concrete factories units, administrative buildings and soil leveling works in Al-Ghazlani, provided that the actual start of them will begin within the next three months.”
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“The other city is the [banks of Karbala], which is distributed among three experienced investors and previous similar businesses, including a Malaysian company, and is in the process of issuing the investment license and starting work next month after handing over the site, while the {gardens} in Babylon are in the process of preparing plans, handing over the land and issuing the license,” he said.
Regarding construction operations, he explained that “all cities have been directed to be at the level of smart and sustainable cities in all its details, including electronic transactions and the use of technology in the daily movement of residents.”
Regarding the marketing of housing units in the new cities, he said: “Directives will be issued to investing companies to announce the prices of the units through their websites, so that the citizen can enter and register directly,” calling on citizens to “stay away from f**e parties that claim to be related to the new cities and promote unrealistic things regarding prices or marketing housing units, and citizens can view the authority’s website to answer all their inquiries and questions about this or go to the company directly instead of taking other methods that may not lead for the same purpose.”
Source: Dinar Recaps
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