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Al-Sudani to an Iranian official: We do not show courtesy at the expense of Iraq’s sovereignty, 5 FEB

Al-Sudani to an Iranian official: We do not show courtesy at the expense of Iraq’s sovereignty

Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani affirmed, on Monday, that there is no courtesy with any party at the expense of Iraq’s sovereignty, reiterating his rejection of any unilateral actions undertaken by any country, while stressing the Iraqi government’s keenness to establish relations on the principle of good neighbourliness.

The Sudanese media office said in a statement received by Shafaq News Agency, “The latter received today the Secretary-General of the Iranian Supreme National Security Council, Ali Akbar Ahmadian,” and stressed during the meeting, “Iraq rejects any unilateral actions undertaken by any country, in contravention of international principles based on respect.” mutual sovereignty.

He pointed out that “the Iraqi government has proven its keenness on the principle of good neighborliness and establishing the best relations with the countries of the region and the countries of the world, but at the same time it does not show complacency at the expense of Iraq’s sovereignty and security.”

Al-Sudani pointed out that “Iraq has made, and is still making, great efforts to maintain stability and achieve calm, in the common interest of the various peoples of the region.”

For his part, the Secretary-General of the Iranian Supreme National Security Council stressed, “His country’s commitment to Iraq’s security and stability, and its keenness to continue working in accordance with the joint security agreement between Iraq and Iran in a way that preserves the security of the two neighboring countries.”

Last month, the Iranian Revolutionary Guard launched a violent missile attack targeting civilian areas in Erbil, which led to 10 civilians being killed or wounded.

The Federal Prime Minister, Muhammad Shiaa Al-Sudani at the time, ordered the formation of an investigative committee consisting of five figures, headed by National Security Advisor Qasim Al-Araji, to investigate the incident.

Al-Sudani also described the bombing as a “clear act of aggression,” stressing his government’s intention to take “legal and diplomatic measures.”

The Revolutionary Guard claimed responsibility for the strikes that targeted Erbil, and said in a statement that they came “in response to the crimes of the Zionist regime against the Islamic Republic.”

shafaq.com

"ANALYSIS OF IRAQ NEWS: “NO IT’S MUCH MORE THAN THAT!!! THAT’S WHY YOU HAVE A NEW EXCHANGE RATE COMING”" BY FRANK26, 5 FEB

 “NO IT’S MUCH MORE THAN THAT!!! THAT’S WHY YOU HAVE A NEW EXCHANGE RATE COMING”

It may rise to 206 trillion dinars.. The Finance Committee reveals the latest developments in the 2024 budget

2/1/2024  Baghdad

Today, Thursday (February 1, 2024), the Parliamentary Finance Committee revealed the latest developments in the financial budget for the year 2024, while indicating that it will rise to 206 trillion dinars instead of 199 trillion dinars.

Committee member Mustafa Al-Karaawi told the official agency, “Article 77/Second of the Tripartite Federal Budget Law for the years 2023, 2024, and 2025 stipulates that the House of Representatives will be provided with updated tables for the 2024 budget in order to discuss the file of increase or decrease in the file of financial allocations according to expected revenues and according to the price of oil.” Installer”. 

He added, “The schedules are still being prepared in the Council of Ministers in preparation for approval, and the House of Representatives will begin discussing the budget after it arrives from the government. We believe that transmission must be accelerated because the delay may restrict the disbursement of operational and investment budgets in the coming days,” noting, “Disbursement is now limited to salaries.” employees and their benefits directly.”

Al-Karaawi stressed that “the issue of updating the tables depends on the oil market and the quantities exported, on the basis of which the expected revenues will be calculated, and it is based on the size of expenditures and the percentage of the deficit, “pointing out that “there is a point of view that occurred in the 2023 budget according to the quantities that were spent and how to deal with it.” The deficit and revenues achieved, and it is assumed that there will be a growth in expenditures given that there is a growth in the operating budget, and there are contracts concluded in 2023 that have not been disbursed yet and must be added in the next budget “

Regarding the appointments, he explained that they “may include contracts, firsts, holders of advanced degrees, and governorate contracts for the 150,000 degrees that have not been implemented yet and which have been transferred to the 2024 budget.”

He pointed out that “the committee developed a proactive plan by conducting field visits to the ministries that are in direct contact with the citizen, starting with the Ministry of Health and then the Ministry of Construction and Housing to see the percentage of budget completion for each ministry at the operational and investment levels, to know the efficiency of spending.” Actual, given that performance evaluation depends on the extent to which the expected percentage matches the actual achievement.”

A member of Parliamentary Finance stated, “The committee found that there are many items that have not been funded in the Ministry of Construction and Housing, for which more than two trillion and 200 million dinars were supposed to be allocated, but about 60 percent of them are funded. This means that the government has committed itself.” With a budget greater than the possibility of implementing it.”

Al-Karaawi called on the government to “avoid this in the 2024 budget to complete the projects, infrastructure and development projects it has started,” pointing out that “there is relative progress on the issue of performance, but there needs to be a well -thought-out plan to complete what has been started so that it is clear to the public.” “For real.”

He stated, “The actual outcome of the 2023 budget is that the total revenues were 134 trillion, excluding the region’s oil imports, at an oil price of $70 per barrel,” expecting that “the same price will be repeated in the 2024 budget, and therefore the revenue estimates may be the same, given that the prices are “The world is approaching last year’s numbers.”

He pointed out that “the total volume of expenditures achieved is 154 trillion after adding 7 trillion dinars as allocations to the budget, so its total amount will rise from 199 trillion to 206 trillion dinars.”

He stressed, “According to an article in the budget, the Council of Ministers has the right to add amounts to the 2024 budget to cover the deficit or needs in the areas of electricity, trade, and others.”   LINK

Iraqi Dinar✅Forex Update News Today-Iraqi Dinar News Today 2024-Iqd dina...

Iraq’s oil exports to America exceed five million barrels within a month, 5 FEB

Iraq’s oil exports to America exceed five million barrels within a month

Shafaq News/ The US Energy Information Administration announced on Monday that Iraq’s oil exports to the United States amounted to more than five million barrels during the month of January.

The administration said in a table seen by Shafaq News Agency, “Iraq exported 5.387 million barrels of crude oil to America during the month of January, with an average export of 173 thousand barrels per day, lower than the month of December 2023, whose exports amounted to 5.611.” Millions of barrels, with an average of 193 thousand barrels per day.

She added, “Iraq exported crude oil to America during the first week of last January at an average of 192 thousand barrels per day, while the average export decreased to 64 thousand barrels per day in the second week, and exported an average of 206 thousand barrels per day in the third week, and in the fourth week.” The average reached 205 thousand barrels per day.

She pointed out that “Iraq ranked fifth in its exports to America during the past month after Canada, Mexico, Saudi Arabia, and Brazil, and ranked second in the Arab world after Saudi Arabia, whose exports amounted to nine million barrels,” indicating that “Canada ranked first as the country that exports the most oil to America.” Followed by Mexico.

shafaq.com

"ANALYSIS OF IRAQ NEWS: “THESE COUNTRIES WERE NOT ATTRACTED BY A PROGRAM RATE… THEY WERE ATTRACTED BY SUDANI’S PROMISES.”BY FRANK26, 5 FEB

 “THESE COUNTRIES WERE NOT ATTRACTED BY A PROGRAM RATE… THEY WERE ATTRACTED BY SUDANI’S PROMISES.”

Chambers of Commerce: Government support attracted many countries to establish economic relations with Iraq

1/31/2024  Baghdad – IA – Hassan Al-Fawaz

The Federation of Chambers of Commerce announced today, Wednesday, that the private sector witnessed a significant recovery in 2023, stressing that government support for the sector worked to attract countries to establish strong economic relations with Iraq.

The head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, told the Iraqi News Agency (INA): “The private sector in Iraq witnessed a significant recovery during the year 2023, due to government support, in addition to the financial and monetary recovery in all Iraqi banks.”

He stressed, “The great government support for the private sector has had a positive impact on the influx of many countries to Iraq, to establish strong economic relations.” 

He pointed out, “The BRICS economic phenomenon has become a reality in changing the economic world in the world, as the dollar and the euro are no longer the main currencies in financial dealings.”  LINK

Iraqi Dinar update for 02/04/24 - 8 banks lose privilege and finally th...BY PIMPY