[size=30]KTFA Members "News and Views" 3-27-2021[/size]
KTFA:Samson: The dollar is stabilizing as the Iraqi Stock Exchange stops trading due to the curfew
27th March, 2021
The main stock exchange in the Al-Kifah and Al-Harithiya markets in the Iraqi capital, Baghdad, stopped trading on Saturday as a result of the comprehensive ban that was implemented starting from Friday, and which will continue until tomorrow, Sunday.
The Shafaq News Agency correspondent said that the main stock exchange in Al-Kifah and Al-Harithiya Market in Baghdad has stopped trading due to the implementation of the comprehensive ban.
He added that the selling and buying prices have stabilized in the exchange shops in the local markets, some of which have opened their doors in Baghdad, where the selling price reached 145,000 Iraqi dinars, while the purchase prices reached 144,000 dinars per 100 US dollars.
Our correspondent indicated that the stock exchange in Erbil, the capital of the Kurdistan Region, did not witness any trading today either because of an official holiday there. LINK
Samson: Due to fears of halting navigation in the Suez Canal ... Oil prices rise by more than 4%
03/27/2021 11:19:55
Oil prices rose by more than 4% due to fears that the floatation of a giant, stranded container tanker impeding the movement of navigation in the Suez Canal might take weeks, which could put pressure on the supplies of crude and refined products.
This is a rebound from a sharp drop in the previous session, against the backdrop of fears that demand will be affected by new lockdown measures linked to the Corona virus in Europe.
Brent crude rose $ 2.62, equivalent to 4.2%, to reach the settlement price of $ 64.57 a barrel, after dropping 3.8% on Thursday. US West Texas Intermediate crude rose $ 2.41, or 4.1%, to settle at $ 60.97 a barrel, after tumbling 4.3% the previous day. Brent increased 0.1% over the course of the past week, while West Texas Intermediate was down 0.7%, its third consecutive weekly loss.
The oil market has been volatile this week, as investors weigh the potential impact of congestion in the Suez Canal that began on Tuesday and the impact of new lockdown measures linked to the coronavirus.
The Suez Canal today intensified efforts to liberate the delinquent giant ship after previous efforts failed. Efforts to free them could take weeks, with unstable weather potentially causing complications. LINK
************
Samson: Financial Committee: There is a will that does not want the budget to pass inside the parliament
27th March, 2021
A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Saturday, that there is a will that does not want the budget to pass inside the parliament, while noting that the process is complex and needs several sessions in order to pass the obstacles.
Cougar said in a press interview, "The House of Representatives is now facing a set of crises within the budget that have not been resolved, and there is a will that does not originally want this budget to be passed," indicating that "there are contradictions in positions on the one hand, there are parties that do not want to pass it, and on the other hand, the budget has been since its inception." It was full of traps and points of contention over which there was much controversy."
Cougar added, "What makes the matter worse is the presence of demands from some in matters that are not from the authority of the House of Representatives, or even from the authority of the Parliamentary Finance Committee, and they cling to their positions that there is no vote on the budget without passing those demands," pointing out that "the process is complicated and needs to be done." To several sessions in order to pass the obstacles." LINK
***********
Samson: A parliamentarian reveals the disappearance of tens of billions allocated to Sulaymaniyah Governorate
27th March 2021
Ali Hama Saleh, the deputy for Change Movement in Kurdistan Parliament, announced on Saturday a major financial corruption file in Sulaymaniyah Governorate.
According to Hama Salih, in a post on social media, which he attached with documents, in 2013 a sum of 368 billion dinars was allocated for projects in Sulaymaniyah Governorate, but 48% of the amount was not disbursed, indicating that 54 billion was disbursed, but it disappeared.
He added that "this crime that was committed against Sulaymaniyah was overlooked by the judiciary with a political decision," describing "the independence of the judiciary as a big lie." LINK
Samson: For 25 years, Iran and China sign a comprehensive strategic cooperation treaty
03/27/2021 10:57:53
Iran and China will sign a 25-year economic and strategic cooperation treaty, today, Saturday, according to what AFP quoted the official spokesman for the Iranian Foreign Ministry as saying.
On Friday, Chinese Foreign Minister Wang Yi arrived in Tehran, in preparation for the signing of the previously announced strategic agreement. The agreement, whose final details have not yet been announced, is expected to include Chinese investments in the energy and infrastructure sectors in Iran, according to Reuters. "This document is a complete roadmap that includes strategic political and economic items covering cooperation in the fields of trade, economy and transportation," said Saeed Khatibzadeh, spokesman for the Iranian Foreign Ministry on state television. "With a specific focus on the private sector on both sides."
He explained that the agreement focuses on "the economic dimensions that are the main axis of it and Iran's participation in the + Belt and Road + project," the huge Chinese plan to establish infrastructure projects to enhance Beijing's trade relations with Asia, Europe and Africa. He pointed out that the draft agreement dates back to the visit of Chinese President Xi Jinping to Tehran in January 2016, when he decided with Iranian President Hassan Rouhani to strengthen relations between the two countries. At that time, the two countries pledged, in a joint statement, to "conduct negotiations to find an expanded cooperation agreement for a period of 25 years," providing for "mutual cooperation and investments in various fields, especially transport, ports, energy, industry and services." The agreement will be signed on Saturday noon, at the Iranian Ministry of Foreign Affairs, between Wang and his Iranian counterpart, Mohammad Javad Zarif.
In 2016, China, Iran's largest trading partner, agreed to increase trade exchange between the two countries to $ 600 billion over the next decade. And the former Iranian President, Mahmoud Ahmadinejad, revealed last June, part of the agreement, which he described as "secret". Ahmadinejad said, "The Iranian nation will not recognize a new secret agreement of 25 years between Iran and China," warning that any contract signed with a foreign country without people knowing about it will be void.
According to those leaks, China will invest in various sectors inside Iran in exchange for obtaining oil at reduced prices during the period stipulated in the agreement. China will work on these huge investments in Iranian lands, in addition to developing intelligence and military cooperation, at a time when the leaks indicate that Beijing will build a military base on the island of Kish in the Persian Gulf, according to a report published by the "Petroleum Economist" magazine, information that Tehran has denied.
In September of 2019, Petroleum Economist published some of the terms of this agreement between Beijing and Tehran, citing unofficial sources. The monthly magazine said that China intends to invest $ 280 billion in the Iranian oil and gas industry and $ 120 billion in the transportation sector, in contrast, Chinese companies have priority in implementing infrastructure projects.
Last July, The New York Times unveiled the 18-page draft of the agreement, noting that Iran and China had quietly forged a comprehensive economic and security partnership that would pave the way for billions of dollars of Chinese investment in energy and other sectors. The agreement also includes proposals for China to build a 5G communications network infrastructure and introduce a new Chinese global positioning system.
The deal has been in development since 2016, but the Trump administration's campaign of maximum sanctions toward Iran hastened Tehran's embrace of Beijing. Analysts explained that this agreement, which comes within the framework of the Chinese "Silk Road" initiative known as "One Belt, One Road", aims to increase Beijing's influence in the region, given the strategic location that Iran has on the eastern bank of the Gulf waters. LINK
******************
Ross: Can I hear an “Amen!” Quote: “ The last statement of the Minister of Finance - Ali Allawi - to make the price of every 1{00} dollars equal to 3{00} thousand dinars, as it was before 2003, confirms that he adheres to the directives of the World Bank, on the pretext that the salaries of the employees of the state sector are burdening the budget! “
Don961: Imported ready-made recipes will not cure the Iraqi economic and financial collapse
Friday 26th March 2021 - 06:11
Dr.. Abd Ali Awad Economic researcher and writer
The Iraqi laboratory has become one of the world's richest laboratories in the field of political, economic and social experiments. As the various dilemmas accompanying its collapsing consequences still follow him ...
If silence prevailed on the part of those concerned with the Iraqi economic and financial affairs, we would have said that it is inevitable to bring ready-made prescriptions from abroad and to seek the help of international economic and financial institutions and international scientific research centers, but after 2003, various studies were published. And research to address the Iraqi economy and how to advance it did not find deaf ears.
The last statement of the Minister of Finance - Ali Allawi - to make the price of every 1{00} dollars equal to 3{00} thousand dinars, as it was before 2003, confirms that he adheres to the directives of the World Bank, on the pretext that the salaries of the employees of the state sector are burdening the budget!
He did not bother with his consultant team to involve the Ministry of Planning to develop an integrated study to transfer the majority of state sector employees to the private sector, which in turn stipulates providing job opportunities by granting loans with the application of the Social Security Law for the employees of that sector. I mentioned several years ago that the national economy, with its private sector, needs an estimate of 50 thousand industrial, agricultural and service production projects, and this huge number of projects can absorb unemployment in its both declared and disguised parts / the redundant state sector employees /.
It seems clear to us that there is a contradiction between Parliament legislation and executive authority agreements that take the nature of deals, so where is the commitment of the Council of Ministers to implement the laws on protecting the national product and protecting the consumer!
The inherited problem in running the state is that the ruler has the absolute right to dispose of state funds, which are the people's money, unlike what is prevalent in countries with long-standing democracies with their constitutional institutions ..
And here we are on the eve of a tripartite meeting between Al-Kazemi, King Abdullah II and President Al-Sisi, and the indications for that meeting It suggests that Iraq should be a consumer market for the goods of those countries in addition to Jordan and Egypt’s insistence on completing the extension of the oil pipeline from Iraq to the port of Aqaba at the expense of Iraq and the beneficiaries of that project are Jordan and Egypt. Iraq is the only one affected .. Likewise, Egypt's desire to export its labor to Iraq is as if Iraq suffers from a shortage of internal manpower ...
Whoever wants to build his country must set his sights on Iraq to infinity.It is possible to conclude any agreements between Iraq and any other country if those agreements are in the interest of the two countries, but if they are in the inte
» 9/29/23 Militia Man & Crew Iraq Dinar - International Contracts - Global - Natural - Wealth get rea
» The House of Representatives holds its session headed by Al-Halbousi
» The House of Representatives votes to add two items to its agenda
» Central Bank: The dollar price has nothing to do with filling the budget deficit
» Al-Sudani: True security is when we provide services to citizens
» The Central Bank intends to adopt four currencies instead of the dollar for external transfer
» Government determination to limit the rise in housing unit prices
» Deputy Prime Minister: Emphasizes the digitization of the banking system in Iraq
» Next Sunday, training for applicants for the “Riyadah” initiative will begin.
» Central Bank Governor: We are working to ban dealing in the dollar internally
» Al-Rafidain and Al-Rashid begin distributing pensioners' salaries for the month of August
» Al-Rafidain launches financial loans of up to 150 million dinars to employees and citizens
» The Region's Finance issues a schedule of salaries for its ministry's employees
» Parliamentary law discusses a number of draft laws
» The Central Bank is considering adopting the currencies of India, the Emirates, and Turkey for forei
» Al-Sudani: The scourge of drugs is no less dangerous than the challenges of ISIS terrorism
» Newspaper: The Pentagon Hospital in Germany treats American mercenaries who were wounded in Ukraine
» A study predicts the formation of a new supercontinent that will destroy humanity
» Al-Maliki's coalition: The Hamdaniya tragedy took the course of an electoral struggle between these
» Former Minister: The Khor Abdullah Agreement is a thing of the past and Baghdad must find a new form
» Including oil and gas.. A parliamentarian reveals the main reason behind not approving important law
» Trade determines a factor that contributes to controlling the prices of bread and ham
» With broad international participation...the second forum of the Islamic Organization for Food Secur
» Deputy Director of the Prime Minister's Office reviews the completion of the Sinbad Road and Atomic
» More than $777 million in sales from the Central Bank of Iraq last week
» Anticipation of a US decision against Türkiye requiring it to pay $602 million to Iraq
» "The Sleeping City"... the story of 10,000 workers whose livelihoods are under piles of scrap in eas
» Washington steps in and wants to resume exporting Kurdistan oil through Türkiye
» With hopes of approving the oil and gas law.. a “Turkish line” disturbs the relationship between Bag
» People of Al-Hamdaniya: ISIS failed to kill us, but political corruption succeeded in doing so
» After luring them... blackmailers were arrested in Baghdad
» The Minister of Electricity announces the complete completion of the connection with Jordan
» The Central Bank reveals a direction regarding the dollar: prohibiting dealing in it internally
» President Bafel Talabani recommends that the Union Bloc leave the conference and go to the voting se
» Deputy: Evaluation of federal government ministers takes place on a daily basis
» Between quality or not... A French report reveals new details about Baghdad's service projects
» Iraq Calls On Iran To Participate In Investment Projects To Establish Industrial And Free Zones Betw
» Economist: Double-digit inflation in Iraq, measured by real estate
» New details revealed regarding the “satellite Internet” project in Iraq
» The Dollar Is At The Forefront.. The Governor Of The Central Bank Opens The Thorny Files
» Iraq is facing drought by digging hundreds of wells to benefit from groundwater
» Integrity: Life imprisonment for the official of the strong cash register in the Real Estate Bank in
» Mr. Al-Hakim: The presence of governorate councils guarantees the representation of everyone and the
» The Netherlands sends dozens of soldiers and helicopters to Iraq
» Al-Alaq: The Central Bank is working to ban dealing in the dollar internally, and the electronic pla
» Minister of Immigration: We trust the government and its Sudanese president to preserve the unity of
» Frame: Ankara carried out more than 27 raids on the north during this September
» Parliament: Evaluation of Sudanese government ministers takes place on a daily basis
» Chambers of Commerce: The parallel market for the dollar will reach record levels
» Arrest of a group specialized in stealing electrical cables east of Fallujah
» The Central Bank announces that the rate of trade use of the dollar platform has increased by 95%
» Deputy: The central and southern regions are almost turning into a barren desert due to drought
» Minister of Immigration: Political parties are trying to exploit the Hamdaniyah tragedy in a disgust
» Al-Sudani supervises the opening of 146 schools and the rehabilitation of 1,009 schools in Iraq
» Iraq is the third largest importer from Turkey during the month of August, with a value of one billi
» The Governor of the Central Bank talks about 9 files, most notably the exchange rate and inflation
» Iraq is the second largest exporter of crude oil to India during September
» The judiciary clarifies the truth of the lawsuit filed against the religious authority Al-Sistani
» India prefers Iraqi oil over Saudi oil for this reason..
» Sudanese to Parliament soon.. A representative announces the completion of the procedures for interr
» Exchange rates rise again in Baghdad... 157 thousand for every 100 dollars
» Kurdistan's salary crisis "strikes" the balance of the quality of education...a continuous migration
» Interior Ministry: 90% of our facilities violate safety requirements and we cannot close them
» “Jubair Al-Jubouri” was brought in on charges of spending more than half a billion dinars in violati
» It includes 5 million seedlings.. Baghdad Municipality announces a plan to develop more than 100 new
» A threat raids flights in the skies of Iraq
» President Bafel Talabani recommends that the Union Bloc leave the conference and go to the voting se
» American report: Washington views Baghdad as a “contradictory partner” and “implicit enemy”
» The dollar continues to rise.. Learn about the exchange rates in Iraqi markets
» The countries that import Turkish goods the most during the month of August.. This is Iraq’s rank
» Reinforcing the Iraqi Dinar: A Shift in Iraq’s Monetary Policy
» Former MP: There is no “veto” on Iraq’s possession of air defense systems
» Financial waste by equipping an inoperative firefighting system worth $350,000 for the Oil Explorati
» UNHCR to Al-Furat News: There was no malfunction in the second simulation and things are going accor
» Commerce reveals the rates of completion of the electronic card modernization
» The plan details the most prominent aspects of government support to provide housing for poor famili
» 5 counterfeiters were overthrown at Baghdad International Airport
» Extension of application to central admission after the results of the second round
» With hopes of approving the oil and gas law.. a “Turkish line” disturbs the relationship between Bag
» Integrity monitors waste of public money and violations in oil company contracts in Basra
» Karbala refinery begins actual production
» The water issue with Tehran and Ankara has been resolved “half-way.” Do political problems hinder te
» “Al-Mawazi” ignores the government’s threat and rises above 155,000...evening dollar list - Urgent
» Integrity attacks Samarra Electricity employees. Find out their charges
» Sitting at home or working without pay...the US government shutdown gives employees a choice
» The Popular Mobilization Forces: We cut off all the “corridors of evil” between two governorates.. I
» Parliamentary Security shows ways to combat drugs in Iraq... 3 priorities
» The designer of the most powerful space rocket in the world dies
» Monitoring waste of public money and violations in oil company contracts in Basra
» America worsens the Ukraine war and agrees to additional aid to Kiev
» Launching the nomination form for the “Youth Ambassadors” program...these are its details
» The electricity delegation arrives in Saudi Arabia
» To support the national product...a parliamentary call to operate idle factories
» Fake projects: 9 billion dinars wasted from Dhi Qar Governorate’s reconstruction funds
» American magazine: The Ukraine war is not like Iraq, and the contradiction between them is greater
» Putin assigns a former Wagner commander to a "mission" in Ukraine
» Freeing a kidnapped foreign national and arresting her kidnappers in Baghdad
» Fourth for Kurdistan.. The House of Representatives meets tomorrow to vote on Halabja, Governorate N