US Department Of Justice: We Will Help Iraq Recover Its Smuggled Money, 9 DEC

US Department Of Justice: We Will Help Iraq Recover Its Smuggled Money

December 9, 2023   Baghdad/Al-Masala Event: The head of the Federal Integrity Commission, Haider Hanoun, handed over to the American side a file containing requests for legal assistance and a list of defendants and convicts residing within American territory who are wanted by the Iraqi side.

A statement from the commission received by Al-Masalla stated that this came during a meeting with the head of the commission with integrity experts at the US Department of Justice, where the two sides discussed forming committees between the two parties to study the files through joint experts from the commission and the American side on joint issues, and then referring the case to the judiciary if the committee is convinced. Convicting the accused in the case.

Hanoun expressed his optimism for concluding a memorandum of understanding with the US Department of Justice in order to exchange information and experiences for the purpose of strengthening and documenting, technical cooperation to prevent and combat corruption, enhance expertise, and hold training courses at the headquarters of the Iraqi Anti-Corruption Academy for members of the Iraqi regulatory agencies and employees of counterpart agencies in the countries surrounding Iraq. .

Integrity experts at the US Department of Justice indicated their awareness of the danger of corruption to state institutions in Iraq and its causing problems in the security and economic fields and the level of service provision to the people, expressing their readiness to work with the State Department to complete the draft memorandum with the Iraqi side to provide support and exchange experiences, stressing that their country will cooperate with Iraq to recover its smuggled money.

https://almasalah.com/archives/75742    

Will Iraq Be Harmed By The Decision To Reduce Oil Production?, 9 DEC

Will Iraq Be Harmed By The Decision To Reduce Oil Production?

Information/private..  Today, Saturday, the economic expert, Diaa Al-Mohsen, explained the reason for the decision to reduce voluntary production by OPEC Plus, while specifying the price of a barrel that OPEC prefers. He referred to Iraq’s position.

Al-Mohsen said, in an interview with the Maalouma Agency, that “the decision to voluntarily reduce oil production exported from Iraq came in response to the decisions of OPEC Plus,” indicating that “the decision is good for the country, because when OPEC decides to reduce oil production, this will lead to a decrease in supply.” in global markets.”

He explains, "This issue is very natural. The supply must be less than the demand, and this is consistent with the policy of OPEC Plus," indicating that the latter "does not want oil prices to fall below $90."

The economic expert continues, “This situation can only happen by reducing supply in global markets,” adding, “Whenever OPEC decides to reduce oil production, the price of a barrel of oil will rise in global markets.”

Earlier, 7 oil-producing countries within the “OPEC Plus” alliance took decisions to voluntarily reduce their production, by up to 1.571 million barrels per day, from the beginning of next May until the end of the year 2023. The decision announced by each country included it separately, in addition to... Saudi Arabia, Russia, the Emirates and Kuwait, as well as Iraq.

In turn, Iraq announced, thr ough the Minister of Oil, a voluntary reduction in production by 211 thousand barrels per day from next month until the end of 2023. LINK  

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"IRAQI BANK FRIEND UPDATE" BY WALKINGSTICK, 9 DEC

 Walkingstick   

[Iraqi bank friend update] 

IRAQI BANK FRIEND: The meetings we have had with the CBI we are learning the next steps.  Also we talked about in the meeting we are seeing many people in Iraq now coming into the banks and asking questions and we have given the banks permission, they are now allowed to explain all about the monetary reform process and where it's at right now to the citizens as they ask...One of their biggest questions is, 'Is it true we are getting a new currency? 

Yes.  Are we going to receive more purchasing power with this new currency?  Yes.  Are we going to see a change in our exchange rate?  Yes.  Is this why we are removing the dollar?  Yes.'   

They keep asking questions over and over again.  Also the question people are asking a lot about, 'When?  And how much?'  But at the meeting we agreed that the banks are not to be given that information just yet, not even the upper echelon.  The banks are saying, "In the very near future." 

 These questions are due to the fact that it is no longer a secret...The monetary reform has been successful thus far.

Iraq and France are discussing enhancing economic cooperation and developing trade exchange, 9 DEC

  Iraq and France are discussing enhancing economic cooperation and developing trade exchange

Mawazine News - Baghdad 

The Federation of Iraqi Chambers of Commerce discussed with its French counterpart the strengthening of economic cooperation between the two countries.

The Federation of Iraqi Chambers of Commerce stated in a statement received by Mawazine News, “The President of the Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, held a meeting with the Federation of French Chambers of Commerce (CCIF) and the representative of the French Business Center, in the presence of the Iraqi Ambassador to Paris, Wadih Batti, and the Vice President of the Council of State.” Abdul Latif Nayef, and a number of officials from both sides.”

The statement added, "The meeting discussed ways to enhance the prospects for economic cooperation and develop trade relations to serve the interests of both countries."

The Iraqi Ambassador, Wadih Batti, spoke about "expanding the horizons of cooperation and partnership between the two sides, and called for holding a specialized symposium at the embassy headquarters between Iraqi and French businessmen, sponsored by the embassy, on the occasion of the first anniversary of the signing of the strategic partnership agreement between Iraq and France."

In turn, the head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, called for “framing this cooperation with a memorandum of understanding, and providing support to open an office for the French Business Center in Baghdad.”

The French side expressed "their interest in the ideas presented, and expressed their readiness to work and expand the horizons of cooperation."

The two parties decided, according to the statement, “to form a joint committee to follow up on the implementation of the results of the meeting and prepare the proposed memorandum of understanding.”

The Foreign Minister to his Spanish counterpart: Iraq now represents a safe environment for investment in the economic and agricultural fields, 9 DEC

 The Foreign Minister to his Spanish counterpart: Iraq now represents a safe environment for investment in the economic and agricultural fields

Foreign Minister Fuad Hussein confirmed today, Saturday, that Iraq is a safe environment for investment and is open to Spanish companies

A statement from the Ministry of Foreign Affairs received by {Al-Furat News} stated that “Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein received a phone call from the Spanish Minister of Foreign Affairs, European Union and Cooperation, Jose Manuel Albarez,” noting that “during the call, bilateral relations between the two friendly countries and ways to Developing it in all fields, especially in the economic, agricultural and development fields.”

Hussein stressed, according to the statement, that "Iraq today represents a safe environment for investment, and it is open to benefiting from the expertise possessed by Spanish companies, with all the laws provided by the government in Iraq that contribute to the success of investment projects."

The statement explained that “the call touched on the deteriorating situation in Gaza, and the occupation forces’ intention to continue attacks on the Palestinian people in Gaza.”

The Minister of Foreign Affairs stressed "the necessity of urgent intervention by all active European countries to stop the repercussions of the events resulting from the tragic war targeting civilians in Gaza, stressing the importance of working quickly to deliver humanitarian aid to the besieged civilians."

For his part, the Spanish Foreign Minister praised "the role Iraq plays in the Middle East region," noting that "his country's government seeks to restore stability to the Middle East region, and for Iraq to enjoy security and stability."   link

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