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Iraq forms committee to address UN report on executions, 29 JUNE

Iraq forms committee to address UN report on executions

Shafaq News/ Iraq's government said on Friday it has formed a committee to respond to a United Nations human rights report on the country's use of the death penalty.

"The Iraqi government has reviewed the report of the UN human rights commissioner and is committed to upholding human rights principles," said Iraqi government spokesman Basem al-Awwadi. "The committee will clarify all aspects related to the information in the report and ensure transparency in legal procedures."

The committee will comprise representatives from the Ministry of Justice, the Prime Minister's office, the Foreign Ministry, and the judiciary, including a member from the Parliamentary Human Rights Committee in an observer role.

In April, Amnesty International said at least 13 men were put to death on 22 April in Nasiriyah Central Prison, in the southern governorate of Dhi Qar, following their conviction on overly broad and vague terrorism charges.

Out of the men executed on 22 April, 11 were convicted based on their affiliation to the so-called Islamic State (ISIS) armed group.

Nasiriyah prison is the only prison in Iraq that carries out executions. Commonly referred to as "al-Hout" or "the whale" by Iraqis for "swallowing people up and never spitting them out," according to HRW, it has carried out mass executions in the past. In 2017, 41 and 38 people respectively were executed less than three months apart. Currently, 8,000 prisoners are reported to be on death row in Iraq, with the majority facing terrorism charges.

"RV UPDATE" BY MNT GOAT, 29 JUNE

  Mnt Goat  

 ...it is nearing the end of June already...Recently we witnessed a surge of news from many of the prominent global entities including the UN, World Bank, IMF and the EU. All of them praising Iraq and giving “kudos” to them for the hard work and achievements. Today is not different as the articles once again tell the RV spigot is wide open to the RV. 

Article:  "DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA" 

 ...in the past years I said – What is the US waiting for? Why have they not yet invested the US companies in Iraq? There is billions to make over there. – Well the spigot had to be opened first and now it's opened. The spigot analogy means that the sanctions are over, war reparations paid and now they can do business easily with the rest of the world. But as you know with Iraq nothing happens overnight and so it took a year and a half to open the spigot but now it’s opened up wide.

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Article:  "DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA"  ...in the past years I said – What is the US waiting for?

 Why have they not yet invested the US companies in Iraq? There is billions to make over there. – Well the spigot had to be opened first and now it's opened. The spigot analogy means that the sanctions are over, war reparations paid and now they can do business easily with the rest of the world. But as you know with Iraq nothing happens overnight and so it took a year and a half to open the spigot but now it’s opened up wide.

So as investors where do we stand with the RV?

Based on this information from my Saturday call to Iraq, I will summarize it for you. We are still waiting for the US to give assurances. The project to delete the zeros was scheduled for June and we will still have a week remaining in June. This is all I know and can tell everyone at this point. But don’t go off too excited and forget all the other information my contact just told us either. You must put everything into its proper ..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/so-as-investors-where-do-we-stand-with.html

Why Iraq's New Exchange Rate Wasn't in the Gazette Yesterday: Insights f...

Iraq's North Refineries Co. produces "super" gasoline for first time, 29 JUNE

Iraq's North Refineries Co. produces "super" gasoline for first time

Shafaq News/ Iraq's Ministry of Oil announced the production of super unleaded fuel that has an octane rating of 98 in the North Refineries Company for the first time, with an output of 3.5 million liters.

The ministry's statement highlighted that this accomplishment "aligns with Prime Minister Mohammed Shia Al-Sudani's directive to rebuild all damaged and halted production units at the North Refineries Company since 2014. The goal is to enhance the technical specifications of petroleum products and increase the refining capacity of national refineries to achieve self-sufficiency and halt imports."

The ministry praised the "dedicated efforts of the North Refineries Company's workers and supporting entities, as well as the company's general manager, for upgrading the technical specifications of the gasoline improvement unit from a 92 octane to the global standard of 98."

In February, the Iraqi Prime Minister inaugurated the North Refinery project, once the country's largest oil refinery, with a capacity of 250,000 barrels per day.

The North Refinery in the city of Baiji, 200 kilometers (124 miles) north of Baghdad, was heavily damaged during some of the fiercest battles with ISIS after it swept across a third of Iraq in 2014.

Iraq has 145 billion barrels of proven oil reserves, which amount to 96 years' worth of production at the current rate, according to the World Bank.

 

"ANALYSIS OF IRAQ NEWS" BY CLARE, 28 JUNE

 Clare  

Article:   "The President of the Republic approves a number of laws, including the 2024 budget schedules"  

Quote:  “The President of the Republic, Abdul Latif Jamal Rashid, ratified a number of draft laws, which are the schedules of the Federal General Budget Law for the year 2024...The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqae' to enter into force ."

 Article:  "Parliamentary law challenges the '2024 budget tables' and the federal government is waiting for an answer within 15 days”

  Quote: "the appeal was submitted “on the pretext that the numbers mentioned in the budget items will change, and thus this is considered a change to the law and requires the implementation of a new law with a first and Second reading, and final approval.”

Get Ready for Big Changes: Iraq's New Exchange Rate and Budget Details E...