Member: I heard from a lil bird that this weekend will be something special!!
MZ: We did have some good news out of Iraqi parliament today. “Parliamentary Finance : Satisfaction and optimism with the rate of completion of the government program” They want you to know that they made great progress and have expectations for the budget to be voted on in the next few days.I am looking forward to seeing the news tomorrow morning.
MZ: From insider news and other sources in Iraq- I have more confirmations that they are trying to having it done by Dec 10th and Victory Day. It made me feel really good to hear this from another source or two.
The Securities Commission announced on Wednesday that the banking sector was the most traded in the Iraq Stock Exchange in terms of value for the third quarter of 2024.
The authority said in a report seen by “Economy News”, that “the value of trading in the Iraq Stock Exchange rose to 158.5 billion dinars for the third quarter of 2024 compared to the same period of 2023, which amounted to 94.3 billion dinars.”
She added that “the banking sector ranked first in the value of trading with nearly 88.8 billion dinars, and came in second place the industrial sector with a trading value of 23.8, followed by the telecommunications sector in the third place and the value of trading amounting to 8.6 billion dinars.”
The authority pointed out that “investment sales to non-Iraqis in the Iraq Stock Exchange for the third quarter of 2024 amounted to 18 million and 39 thousand dinars, while their sales amounted to 42 million and 479 thousand dinars.”
WOOOOOOOOOOOOOW
revealing that "the parliamentary finance committee is studying the review of calculating the price of a barrel of oil
and the exchange rate of the dollar with the government."
LFGGG
Prime Minister Mohammed Shia Al-Sudani confirmed on Wednesday that Iraq bears a daily fine for the export of oil through the Turkish port of Ceyhan, while explaining the reason for the delay of the ministerial amendment before parliament.
Al-Sudani said in a speech during his hosting of parliament that “the Zionist entity has transcended all international norms and conventions by practicing genocide against the Palestinian people, pointing out that “Iraq’s position is fixed and clear in all forums in its solidarity with the Palestinian cause, which represents the conscience of all Iraqis, and stressing the importance of calm during the meetings and contacts it made, and not expanding the arena of conflict and keenness on the principled position of Iraq and the supreme interest of the country, as well as the humanitarian aspect of Iraq with the help of the people of Gaza and the establishment of the Fund for the Reconstruction of Gaza and Lebanon.”
He stressed “Iraq’s natural right to ensure and strengthen the security of its borders and to emphasize national unity to preserve the security of Iraq, its people and its regime, pointing out that “Iraq has advanced military capabilities, in addition to being part of the international coalition to combat terrorism.”
He pointed to “the content of the agreement with the coalition to end the foreign military presence in Iraq definitively in September 2025, and in the Kurdistan Region in September 2026, relying on faith in the unity of the Iraqi people in facing challenges.”
Regarding the amendment of the general budget law, Al-Sudani touched on “the importance of amending the law to address the issue of oil marketing from the Kurdistan Region, especially the article related to the cost of production and transportation, indicating that Iraq bears a daily fine for not exporting oil to the port of Ceyhan in accordance with an agreement with the Turkish side.”
He pointed out that “the amendment of the article comes in cooperation with an international consultant to solve the file between the federal government and the Kurdistan Regional Government, calling on the House of Representatives to expedite the amendment of the Federal General Budget Law for the fiscal years 2023, 2024 and 2025.”
Regarding the government program, the Prime Minister explained that “the ministerial amendment is one of the principles of the government program and its purpose does not target any party or personal, but it was included according to professional criteria for each ministry and the government in relation to the ministerial amendment through two stages, but the failure of proceeding with it is due to the non-approval of some parties of the political forces that are responsible forming the government on the amendment mechanism.”
He added that “the priorities of the government program include strategic projects and programs with completion rates of 62%, calling on the House of Representatives to legislate important laws such as the Aviation Authority Law, the Economic Reform Law, the Arbitration Law, the Securities Law and the Intellectual Property Law
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