TNT NEWS ABOUT IRAQ AND VIETNAM, 2 JULY

 TNT

CandyKisses:
After his vacation is over.. House prepares to pass 3 prominent laws

{Policy: Euphrates News} Independent MP Haitham Al-Fahd revealed, on Friday, the readiness of the parliamentary committees to pass 3 prominent laws.

Al-Fahd said {for Al-Farat News} that: “The parliamentary committees intend after the end of the legislative holiday to approve the communications law, the investment law and the national security law, all of which serve citizens.”

He added, “The current parliamentary session presented a number of important laws that serve citizens, foremost of which is the Social Security Law and the Tripartite Budget Law, which, despite much talk about it, paid attention to the service aspect.”

“This session aspires to provide significant legislative and supervisory work,” Al-Fahd stressed

Tishwash:
Next week, Iran will officially join the Shanghai Cooperation Organization

Russian Foreign Minister Sergey Lavrov announced, on Friday, that Iran will officially join the Shanghai Cooperation Organization next week, along with China, Russia and Central Asian countries.

“During the meeting of presidents on July 4, Iran’s full membership will be approved,” Lavrov said at the inauguration of the organization’s center in Moscow.

The minister indicated that the meeting will also witness the signing of a memorandum of understanding regarding the “obligations” of Belarus, an ally of Russia, which is scheduled to “also launch a path for full accession” to the organization.

The Shanghai Organization was established in 2001 at the initiative of Russia, China and four countries in Central Asia: Tajikistan, Kyrgyzstan, Uzbekistan and Kazakhstan. India and Pakistan joined in 2017.

The Islamic Republic has been an observer member of the organization since 2005, and its last attempt to join it in 2020 failed as a result of Tajikistan’s refusal at the time. However, the member states returned and agreed in September 2021 to join Tehran, which at that time began a series of procedures that required up to two years, for membership to become official.

Iran is also seeking to join the BRICS, which includes South Africa, Brazil, China, India and Russia.

The Russian announcement of completing the procedures for Iran’s accession comes at a time when the Islamic Republic is making diplomatic moves in various directions to ease tensions and Western restrictions on it, which included, in particular, opening up to Arab countries in the Gulf region, strengthening cooperation with countries in Asia, Central and South America, and re-establishing contact with European countries. After months of increasing tensions with it, leading to indirect talks with the United States, mediated by Oman.

Tehran’s relations with Moscow have witnessed a convergence in the past months, after the Russian invasion of Ukraine in February 2022.

Russian President Vladimir Putin visited Tehran in the summer of that year, after Iranian President Ibrahim Raisi visited Moscow at the beginning of the same year.

Kiev and Western countries accuse Iran of providing Russia with drones to use in its war against Ukraine. Tehran has repeatedly denied providing weapons to Moscow “for use in war”, but admitted to providing Russia with drones before invading Ukraine.  link

A rise in unemployment and an increase in poverty rates.. An economist indicates the risks of currency printing

Asher, the economic expert, Ahmed Saddam, today, Saturday, the dangers of currency printing.

Saddam stated to Earth News that “there is no economic feasibility in printing the currency to cover the budget expenses for the reason that the increase or printing of the currency will raise the level of the monetary mass and thus will cause a significant rise in the price level by virtue of the lack of current production capacity within the economy, meaning an increase in the monetary mass.” In exchange for the absence of real non-oil production in the commodity sectors, namely agriculture and the manufacturing industry.

He added, “This will translate into a rise in the price level, in other words, a rise in the level of inflation and a decrease in the value of the Iraqi currency. The interests in the private sector lead to the dismissal of a number of workers and reduce them by virtue of the weak purchasing power and thus the failure to achieve revenues that can employ a larger number of workers.

And that “these are all negative effects that may be left behind by resorting to printing a new currency in return for the lack of real production capacity, in addition to a lack of confidence in the Iraqi currency and in decisions, and this causes great economic confusion even at the level of the investment decision, which in the end affects the reality of the economy in a way very negative.”  link