A leader in the framework sets 5 points in the Aqaba project at the expense of Iraq’s interests

Information/Baghdad… On Wednesday, the leader of the Coordination Framework, Ali Al-Fatlawi, identified 5 points in the Aqaba project at the expense of Iraq’s interests.

Al-Fatlawi said in an interview with Al-Maalouma Agency, “He does not hide the existence of big question marks about the project to extend a pipeline from the oil fields in southern Iraq to the Jordanian port of Aqaba, noting that the project was proposed 40 years ago and remained postponed and was recently proposed.”

He added that “the project in essence is to secure Jordan’s needs for crude oil, although it has not made any good initiatives towards Iraq for many years, noting that the entire project is at the expense of Iraq’s interests, as it is responsible for spending the money, providing security and planning, and after all these efforts, the pipeline will be owned by Jordan after 20 years.”

He asked about the economic feasibility of an oil pipeline that would cost the Iraqi treasury billions of dollars, noting that “the existence of big question marks is realistic and objective.”

It is noteworthy that several political elites expressed their rejection of the Aqaba pipeline project and considered it a waste of money, especially with the lack of economic feasibility that would allow it to proceed.

Almaalomah.me

Barzani’s important visit to Baghdad

Shafaq News / Prime Minister Mohammed Shia al-Sudani received today, Wednesday, the Kurdish leader Masoud Barzani and his accompanying delegation.

During the meeting, a joint statement was made between the two sides, where Al-Sudani described Barzani’s visit to Baghdad as “important,” adding, “We held a constructive and purposeful dialogue on various internal issues and regional situations.”

He said, “We have made significant progress in building trust between the federal government and the regional government, and we have overcome many problems inherited over the years, in accordance with the constitution and the law.”

Al-Sudani added, “We are moving towards opening up development opportunities and future prospects in a way that brings goodness, prosperity and well-being to our people everywhere.”

The Prime Minister stressed that “the regional situation and the developments taking place were an important part of this discussion, which represents a necessity in light of this difficult stage facing the region, and the emphasis on the security, sovereignty and independence of Iraq, and that it be far from the arena of conflicts while maintaining our principled positions towards various just issues.”

For his part, the Kurdish leader said during the joint statement that he was “very happy to meet the Prime Minister.”

He added, “My visit to Baghdad aims to enhance the efforts made by the Prime Minister, which led to a real breakthrough in the relationship between the federal government and the Kurdistan Regional Government.”

Barzani continued, “Our dialogue was constructive regarding the internal and regional situations, and the views were identical.”

Kurdish leader Massoud Barzani arrived in the capital, Baghdad, on Wednesday morning.

Shafaq News Agency correspondent said that Foreign Minister Fuad Hussein, Minister of Planning Mohammed Tamim, Minister of Defense Thabet Al-Abbasi, Minister of Labor and Social Affairs Ahmed Al-Asadi, Minister of Construction and Public Municipalities Benkin Rikani and a number of government officials and military leaders received the Kurdish leader and his accompanying delegation at Baghdad International Airport.

Barzani’s headquarters had announced earlier this morning that the visit of Kurdish leader Masoud Barzani to the city of Baghdad comes with the aim of holding a series of meetings with official bodies and Iraqi political parties and holding meetings with political leaders.

The Coordination Framework, which includes the ruling Shiite political forces and parties in Iraq, is hosting Massoud Barzani in its regular meeting scheduled to be held later today, Wednesday, according to what an informed source revealed to the agency.

Shafaq.com

Investment: Iraq has become an important economic destination in the region

Information /Baghdad… The National Investment Commission confirmed today, Saturday, that Iraq has become an important investment destination in the region and the world.

The Authority’s media stated in a statement to Al-Maalouma Agency, “The improvement in the investment climate inside Iraq reflects the government’s efforts to enhance the economic and investment sector.”

He added, “The National Investment Commission monitors its investment and strategic projects in order to continue the rates of achievement and record the nature of the challenges that must be addressed to ensure the progress of work in Baghdad and the governorates.”

He pointed out that “there are major moves to create a safe climate to attract investments that achieve sustainable development in Iraq.”

Almaalomah.me

Parliamentary Committee Reveals Reasons for Obstructing Oil and Gas Law

Information / Baghdad… Member of the Oil, Gas and Natural Resources Committee, Kazem Al-Tawki, revealed today, Saturday, the reasons for obstructing the legislation of the Oil and Gas Law, while stressing the difficulty of enacting the law.

Al-Touki told Al-Maalouma Agency, “The differences have negatively affected the legislation of the oil and gas law, which faces many political and technical obstacles.”

He added, “Legislating the oil and gas law is not an easy matter, especially after the Federal Supreme Court’s decisions to stop the region’s export of oil through the Turkish Ceyhan port.”

He pointed out that “legislating the oil and gas law needs more dialogue and negotiation between Baghdad and Erbil, especially since the legislation of this law was part of the political agreement prior to the formation of the government.”

Almaalomah.me

More than a billion dollars in sales from the Central Bank of Iraq within a week

Shafaq News / The Central Bank of Iraq’s total sales of hard currency for the US dollar during the week in which the auction was opened last week amounted to more than one billion dollars.

Shafaq News Agency correspondent stated that the Central Bank sold during the past week and for the 4 days in which the auction was opened, one billion, 105 million, 258 thousand, and 154 dollars, at a daily rate of 276 million, 314 million, and 538 dollars, lower than what was recorded in the week before the Eid holiday, when it amounted to one billion, 378 million, 885 thousand, and 407 dollars.

The highest dollar sales were on Wednesday, when sales amounted to 281 million, 804 thousand and 784 dollars, while the lowest sales were on Sunday, when sales amounted to 273 million, 244 thousand and 330 dollars.

Our correspondent indicated that foreign remittance sales during the past week amounted to one billion, 005 million, 048 thousand and 154 dollars, an increase of 90% compared to cash sales, which amounted to 100 million, 210 thousand dollars.

Our correspondent explained that the sales went in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards amounted to 1,310 dinars per dollar, and the selling price of transfers abroad amounted to 1,310 dinars per dollar, while the cash selling price reached 1,305 dinars per dollar. .

Shafaq.com

A split hits Maliki’s coalition

Shafaq News / Iraqi parliament member Alia Nassif announced her withdrawal from the State of Law Coalition led by Nouri al-Maliki, while revealing the reasons for taking this decision.

Nassif wrote, in her blog post on the X platform: “I announce my departure from the State of Law bloc, due to the difference in political visions for the next stage.”

She explained that the reason for her departure was “the distinction between the members of the State of Law, especially between independents and those with party affiliation.”

Nassif pointed out that “this vision exists among most independent members, and the coming days will reveal the discrimination and classism that is taking place.”

Shafaq.com

The dollar’s “stubbornness” against the Iraqi dinar widens the “gap” between the official and parallel prices

Shafaq News / Iraq has been seeking for two years to end the phenomenon of dealing in dollars in the local market, while economic experts indicate that the Central Bank of Iraq’s measures have achieved “relative” success in controlling hard currency.

The year 2023 witnessed an unprecedented rise in the dollar exchange rate, reaching 1,700 dinars per dollar and continuing for several weeks before gradually declining at the end of the year to reach a level ranging between 1,470 and 1,450 dinars per dollar during the past two months.

The Iraqi currency crisis began after the US Treasury Department banned 14 Iraqi banks from the global banking transfer mechanism known as SWIFT in an attempt to prevent the smuggling of dollars to Iran…

Faceiraq.org

“National Bank Violations” Put Central Bank Governor in Parliamentary Questioning

Alsumaria News – Local: Today, MP Alia Nassif announced that she will direct a parliamentary question to the Governor of the Central Bank, Ali Al-Alaq, regarding the violations committed by the National Bank.

Nassif said in a blog post on the X platform that I followed Alsumaria News”We sent a parliamentary question to the Governor of the Central Bank, regarding the National Bank’s violation and breach of Iraqi laws.”

She added, “The question included an inquiry about the number of Iraqi and non-Iraqi employees in the National Bank, the number of executive positions held by non-Iraqis in this bank, and the reasons for not disclosing the salaries of its employees, especially non-Iraqis, to the Social Security Department due to information about tax evasion.”

Alsumaria.tv

Iraqi Dinar / US Dollar auction results for today 6-27-2024

Results of the foreign currency selling window for Thursday 6/27/2024

Advertisement No. (5150)

The amount:

Total amounts of transfers abroad (transfers, credits)
250,418,667

Total cash withdrawals
25,580,000

Total total sales
275,998,667

Note that: The selling price of documentary credits and international settlements for electronic cards is ( 1310 ) dinars per dollar.

The selling price for transfer amounts abroad is ( 1310 ) dinars per dollar.
The cash selling price is ( 1305 ) dinars per dollar.

cbi.iq/currency_auction

Deputy reveals the amount of dollar bleeding daily

Today, Representative Muhammad Al-Khafaji revealed the amount of dollar bleeding daily.

Al-Khafaji told Al-Ma’louma Agency, “The Central Bank’s dollar sales amount to 300 million dollars per day at the official set price,” noting that “the price difference from the parallel market amounts to 160 dinars.”

He added, “The amount of cash withdrawal amounts to 31 million dollars and is sold at a price of 1,470 dinars to the dollar. If 31 million dollars is multiplied by 160 dinars, the result is 5 billion dinars per day. You do not know where it went.”

He pointed out that “the bleeding of the dollar in light of the large difference between the central bank rate and the parallel market represents a large window for corruption.”

It is noteworthy that many accusations are directed against the currency auction due to the difference in the price allocated to the parallel market, which amounts to 160 dinars per dollar.

Almaalomah.me