Monday, February 3, 2025
Italy invites Sudani to sign economic agreements, 4 FEB
Italy invites Sudani to sign economic agreements
2/2/2025
Prime Minister Mohammed Shia Al-Sudani received today, Sunday, the Italian Ambassador to Iraq, Nicolo Fontana, where His Excellency congratulated him on assuming his new duties, wishing him success in his work.
During the meeting, they discussed bilateral relations between the two countries and support for joint cooperation in various fields and sectors. The meeting also addressed developments in the region, especially the events in Syria and the ceasefire file in both Gaza and Lebanon.
The Italian Ambassador renewed the invitation to the Prime Minister to visit Italy and work on signing a strategic agreement between the two countries, similar to the two agreements signed by Iraq with France and the United Kingdom. LINK
Shafaq News publishes the first amendment to the budget law for the years 2023-2025, 3 FEB
Shafaq News publishes the first amendment to the budget law for the years 2023-2025
2/2/2025
Shafaq News Agency publishes the text of the first amendment to the Iraqi state general budget law for the years 2023-2025, which was voted on by the Council of Representatives in today's session, Sunday.
The Iraqi Council of Representatives held its fourth session of the first legislative term of the fourth legislative year this evening, Sunday, headed by the First Deputy Speaker of the Council, Mohsen Al-Mandalawi, with the attendance of 176 representatives, and the boycott of about 50 representatives.
AMENDMENT TO THE BUDGET LAW LINK
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Another_Mailman: I believe that today was the last big hurdle that needed to be settled! Imo, the budget was already "read" the necessary amount of times and should be passed within a week. Superbowl Sunday would be great, IMO!
Clare: THIS IS A MAJOR BREAKTHROUGH IMO. IT IS WHAT SUDANI WANTED AND HE MADE SURE IT HAPPENED TODAY! (THAT'S WHY HE HAD THOSE MEETINGS FRIDAY NIGHT.) IMO THIS IS GOOD FOR US!
TIDBIT FROM SANDY INGRAM, 3 FEB
Sandy Ingram
This is not good news...Well known Iraqi economist Nabil Jaafar Al-Marsoumi...has warned that US pressure to lower oil prices could...lead to a devaluation of the Iraqi dinar...
[He] explained in a Facebook post that US president Donald Trump has pushed for Saudi Arabia and OPEC to lower oil prices.
This move is intended to make energy more affordable and accelerate the end to the Russia Ukraine war. As a result, OPEC plus is expected to end production cuts of 4.65 million barrels within the next few weeks.
This decision will likely cause oil prices to drop...A drop in oil prices to $60 per barrel would create serious financial challenges...If oil prices fall further to $50 per barrel Iraq may have no choice but to devalue its currency...Stay tuned and stay positive..
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