Sunday AM Iraq Economic News Highlights 9-11-22
Saleh Discusses With The Jordanian Ambassador The Joint Cooperation Between The Two Countries
Policy 2022-09-11 | 05:06 Source: Alsumaria news 131 views The President of the Republic, Barham Salih, discussed, today, Sunday, during his meeting with the Ambassador of the Hashemite Kingdom of Jordan to Iraq, Montaser Al-Uqla, economic and commercial cooperation and joint work between the two countries.
The Media Office of the Presidency of the Republic stated in a statement received by Alsumaria News, that “the President of the Republic, Barham Salih, received the Ambassador of the Hashemite Kingdom of Jordan to Iraq, Montaser Al-Uqla.”
The statement added, “During the meeting, they discussed the common fraternal relations between the two brotherly countries and peoples, and ways to strengthen and develop them in areas of common interest, especially economic and commercial cooperation and joint work in achieving mutual interests as well as establishing stability and peace in the region.” LINK
After A Document Was Leaked, A Deputy Calls For Stopping The Disbursement Of Large Sums Of Money In Salah Al-Din
Policy 2022-09-10 | 15:28 Source: Alsumaria news 2,337 views The head of the Badr Parliamentary Bloc, MP Mahdi Amerli, demanded, on Saturday, to stop the disbursement of large sums of money in Salah al-Din Governorate, after a document was leaked to that.
Amerli said in an interview with Alsumaria News, “The disbursement of these amounts is incorrect and there is corruption,” calling for “stop disbursing these amounts.”
He added that “the ministries of finance and planning should stop these amounts until agreement is reached according to population density,” noting that “their disbursement is incorrect.”
Amerli pointed out that “the sums must be distributed correctly,” stressing that “the exaggerated amounts are unfair.”
A leaked document, signed on behalf of Governor Ismail al-Halloub, included a request from the Ministry of Finance [/url] to disburse an amount of 257 billion dinars to the governorate. LINK
Al-Fateh: The Food Security Law Does Not Meet The Needs Of Iraq
Economie 21:28 – 09-10 2022 The representative of the Al-Fateh Alliance, Suhaila Al-Sultani, confirmed that it was more appropriate for the political blocs that approved the Food Security Law to approve the general budget that meets the interests of all the Iraqi people.
Al-Sultani said, “The country’s survival without the general budget today causes many problems in all ministries that do not allocate funds in the Food Security Law,” stressing that “the Ministry of Electricity is one of the ministries that suffered the most during this period from financial allocations despite the advent of the summer and how confront him.”
She added, “The situation in Iraq now urgently needs the general budget to include all government institutions and ministries to conduct their work in the service of the Iraqi people.”
Ambiguity Surrounding The Disbursement Of Food Security Law Funds
Posted On2022-09-11 By Sotaliraq Baghdad/Bright news The implementation of the Emergency Support Law for Food Security is shrouded in ambiguity, and at a time when a parliamentary committee is talking about its almost complete completion, experts say that 50% of its money remains until the present time, especially related to the development of regions and the allocation of job grades.
Political blocs affiliated with the coordination framework are seeking to resume the work of the House of Representatives in order to activate a committee that was formed to monitor the implementation of the emergency food security support law.
The law, which gives the authority to spend 25 trillion dinars of surplus oil, stipulated its implementation in two phases, the first with the disbursement of 18 trillion dinars since the date of voting on it, and the second phase for the remaining funds, which will be the responsibility of the next government.
A member of the Parliamentary Finance Committee, Jamal Kougar, said in a statement to Al-Mada that “the state ministries have started implementing the Food Security Emergency Support Law, and there is no intention to make amendments to it in order to include more amounts.”
Cougar added, “If Parliament wants to add new amounts from the surplus, it can legislate a new law similar to the current law.”
He pointed out, “The current law has been implemented by about 90%, and most of the amounts set for the current government, which amount to more than 18 trillion dinars, have been spent.”
Cougar stated, “The legislation of this law had its justifications, and the House of Representatives moved to pass it through a proposal submitted by the committee at the time.”
For his part, the economic expert, Safwan Qusay, said in a statement to (Al-Mada), that “the implementation of the food security law is evident in the continuation of securing the items of the ration card and the food basket and the settlement of the dues of the Iranian side for the supply of gas to power stations, in addition to paying the dues of farmers for the previous year and the current season. “.
Qusay continued, “The process of increasing the injection of funds into the Iraqi environment will positively affect the gross domestic product, given that these funds will be circulated in order to create job opportunities.”
He pointed out, “The local economy is waiting for more funds to be pumped in order to create a state of stability, especially since the costs of life have risen as a result of reliance on imports.”
Qusay stated, “The current law has helped increase the Ministry of Agriculture’s ability to import fertilizers and seeds in a way that will reflect positively on the next season.”
And he spoke about “funds that still exist and are supposed to go to the governorates at the level of regional development, amounting to 8 trillion dinars, with a thousand job grades for each governorate, which needs to be activated, with the appointment of the first to universities and the holders of higher degrees.”
Qusay concluded, “These areas have allocated funds, but their entitlements have not been settled until the present time, and job grades have been released, and this means that 50% of the food security law funds have not been spent.”
Last June, the House of Representatives voted on the Emergency Food Security Support Law No. 2 of 2022 after a long round of discussions. LINK
Somo: Kurdistan Region Insists On Refusing To Implement The Federal Court’s Decision
Economie| 10:19 – 11/09/2022 Baghdad – Mawazine News, the Oil Marketing Company (SOMO), said on Sunday that the Kurdistan region of Egypt refused to implement the Federal Court’s decision regarding the export of oil.
The company’s general manager, Alaa Khudair al-Yasiri, said in an interview with the official newspaper, that “the Kurdistan region still refuses to implement the Federal Court’s decision and is illegally exporting its oil.”
Al-Yasiri added, “There are no negotiations at the present time, as the regional government has officially announced its rejection of the Federal Court’s decision altogether.” Ended 29/N33
Al-Halbousi Discusses With The Governor Of Nineveh And Deputies The Completion Of The Compensation File For The Province
political| 07:09 – 10/09/2022 Baghdad – Mawazine News Parliament Speaker Muhammad al-Halbousi received, on Saturday, Nineveh Governor Najm al-Jubouri, and a number of representatives of the province.
A statement by Al-Halbousi’s office, received by Mawazine News, stated that during the meeting, the service conditions in the governorate were discussed, and the importance of following up on the implementation of strategic projects, including those related to the health sector and the reconstruction of hospitals, as well as the Mosul Airport project, as well as other development projects.
He added, “The meeting also discussed the need to make more efforts to follow up on the completion of the compensation file for Nineveh Governorate.” https://www.mawazin.net/Details.aspx?jimare=205075
In The Document.. Al-Halbousi Obligates The Finance To Implement The Paragraph Related To The Contractors In The Emergency Support Law
political| 03:11 – 10/09/2022 Baghdad – Mawazine News, Parliament Speaker Muhammad Al-Halbousi addressed the Parliamentary Finance to compel the Ministry of Finance to implement the contractors’ clause and to cancel its circulation to stop their dependents.
According to a document obtained by Mawazine News, “Al-Halbousi obligated the Ministry of Finance to implement paragraph 3 of Table A of the Food Security Law, which is related to the confirmation of all contracts, lecturers, and daily procedure after 10/2/2019 and the cancellation of the circulars of the Ministry of Finance No. 26377 on 23/8/2022 Which stipulated their exclusion from the installation.” Ended 29/H https://www.mawazin.net/Details.aspx?jimare=205046
Unremitting Efforts To Improve Electricity And Diversify Its Sources With The Gulf Interconnection
Posted On2022-09-11 By Sotaliraq Baghdad / Hussein Hatem Iraq continues to strive to improve the electricity file and energy stability in the country, after it recently concluded agreements with neighboring countries in this field.
By signing these agreements, the central government is seeking to overcome the shortage of electric power that the country has been suffering from for decades, despite spending tens of billions of dollars on this sector over the past years.
The spokesman for the Ministry of Electricity, Ahmed Moussa, said, “We agreed with the Jordanian side to complete the work quickly, and it is hoped that the connection will be completed by next summer, i.e. mid-2023.”
Regarding Turkey, Moussa explained: “We have completed the lines (Slobi – Fayda), Gezra – Mosul, and the Kasik station with a capacity of 400 megawatts in all its branches, and we signed the final operating agreement with the Turkish side, which provided for the provision of 300 megawatts as a first stage for the northern governorates.”
He added, “The crisis in providing gas globally after the increase in demand for it as a result of the scarcity due to the Russian-Ukrainian war led to a rise in prices, and we are currently discussing the issue of tariffs, and as soon as reasonable prices are agreed upon, the Iraqi-Turkish agreement will enter into force.”
Regarding the Gulf connection and what has been achieved from it between Moussa, “Iraq has completed the lines of (Faw Number One) and (Faw Abu Flous Number Two), and we hope now that an agreement will be made on the connection line between the Iraqi Al-Faw station and the Kuwaiti Al-Zour station, which will be a length of 220 km, 80 How many of them will be inside Iraq and the rest in Kuwait, and we got a good tariff and good prices.”
And he added: “With regard to the connection with Saudi Arabia, we have signed an agreement stipulating that the carrier lines will link between Iraq and Saudi Arabia through the Arar port and Al-Youssoufia station.
He pointed out that “the interconnection projects with Kuwait and Saudi Arabia will give reliability, readiness and high stability to the electrical system and pave the way for Iraq to be an important member of the Gulf and Arab energy market, while investing its strategic location to be a link and ruler over the transmission lines and an energy corridor between the Gulf and West Asian countries.”
In turn, energy expert Bilal Khalifa says, “The Gulf electrical connection is addressed from two sides: the first is the citizen who is not interested in the mechanism and how energy is increased and improved as much as he is interested in increasing the hours of electricity, whether it is from the Gulf, Iran or others.”
He added that “the second aspect is politics and the economy, and sometimes the aspect is useful when the megawatts are high, and sometimes it is not feasible if the connection is long-range, such as Egypt.”
Khalifa indicated that “the Gulf connection will be in several stages, the first stage is 500 megawatts, while Iraq’s need may be 10,000 megawatts, and this stage represents only 5% of the energy need.”
And the energy expert stated, “Iraq will bear a large financial cost for building the refined lines, in addition to the fact that the transmission lines pass through large areas of barren and uninhabited lands, which exposes them to continuous targeting by terrorists.”
In late 2020, an Iraqi parliamentary investigative committee announced spending $81 billion on the electricity sector between 2005 and 2019 with little improvement on service. LINK