TNT – “Tidbits From TNT” Monday 10-30-2023

Tishwash:  Newspapers follow the advantages of Iraq’s joining the BRICS group and the problems of the Iraqi banking system

 Newspapers published in Baghdad today, Monday, October 30, followed the economic advantages of Iraq’s accession to the BRICS group, the problems of the Iraqi banking system… and other issues.

Regarding the advantages of joining the BRICS group, Al-Sabah newspaper, published by the Iraqi Media Network, quoted the Prime Minister’s Advisor for Financial and Economic Affairs,

Dr. Mazhar Muhammad Salih: “The BRICS group was initially formed from countries that included Brazil, Russia, India, China, and South Africa.” Africa,” indicating: There is an objective basis for Iraq’s desire to join the group represented by the Iraqi economy’s ties with the countries of the group due to its dependence on an important percentage of Iraq’s oil exports of no less than 55%, especially China and India, and that approximately 70% of Iraq’s imports are with countries. (BRICS) or those seeking to join it.”

Muhammad Saleh added: “This means that the commercial partnership and Iraq’s strong economic interests automatically push towards international economic cooperation with our trading partners, especially in the issue of looking towards broader areas in the flow of the group’s investments to our country in the context of obtaining The advantages of joining in a way that serves the future of sustainable development and economic progress in our country.”

He explained that: “According to the purchasing power parity standard; Brazil, Russia, India, and China are among the ten largest countries in the world in terms of population, area, and gross domestic product, according to the purchasing power parity standard. The last three countries (India, China, and Russia) are considered major and potential emerging powers, while all five countries in the “BRICS” group are also members of the G20, which includes the United States of America and the rest of the G7

. Jalil Al-Lami, in an interview with Al-Sabah, said: “Iraq has announced on more than one occasion its readiness to join the BRICS group, especially since the Iraqi economy is distinguished in most of its indicators by the diversity of natural, human and capital resources, but it suffers from the control of the oil sector over “Gross Domestic Product.”

He stated: “There is a great similarity between Iraq’s economic capabilities and capabilities with what the BRICS countries possess, and thus it is easy for Iraq to achieve high economic growth rates such as those achieved by those countries due to their reliance on more than one resource.” newspaper

. Al-Zawraa, which is issued by the Iraqi Journalists Syndicate, followed the issue of the problems that the Iraqi banking system suffers from, and the causes of hoarding and lack of confidence in banks. In this regard, it referred to the words of economic expert Nabil Al-Ali: “The banking system is like a young system despite this large number of banks.”

But they were banks that lived during a period of 20 years on one issue, which was the currency selling window, and they were the beneficiaries because it came through the mediation process and benefited from the price differences.”

He added: “Some banks have begun working on the issue of commercial credit and how to profit from it, even if in a limited way. It is possible that these banks will gradually develop and enter into partnerships with major banks or without correspondence and carry out banking operations that benefit the economy, the investor and the country.”

Regarding the problem of hoarding, he explained: “Hoarding is a social behavior and part of our behavior because we do not deposit our money in bank accounts. The other matter is that banks do not meet all our needs, so why do we deposit our money in a bank whose branches are few and the withdrawal timings are specific,” indicating: “The banks have not reached A stage of providing services, such as electronic services and other services.

The expert continued: “There are certain periods in which confidence in the banking system weakened, especially after some of them went under guardianship, and the bankruptcy of others during the period from approximately 2014 to 2016, and there were some that were unable to return depositors’ money.” In another matter, Al-Zaman newspaper followed the issue of climate change and trends

Towards a sustainable green economy.

The Minister of Environment, Nizar Amidi, was quoted as saying: “The Ministry is leading the issue of the green economy and Iraq’s openness to investment in this aspect, with a value of up to 100 billion dollars until the years 2030 and 2035, and allocating some of the necessary budgets in the national budget to support this purposeful trend.” To improve the environment in Iraq, and encourage the adoption of a project to start and stimulate comprehensive environmental improvement and the green economy in the country.”

While the ministry’s spokesman, Amir Ali Al-Hassoun, said, according to Al-Zaman: “Article 35 of the Environmental Protection and Improvement Law No. 27 of 2009, It is linked to clauses two, three and four of Article 20 in the same law, which are concerned with the management of hazardous materials and waste and the criminalization of their possession.

He explained: “The crime of possession includes a prison sentence of three months and the imposition of a fine ranging from one million to ten million dinars, and it is doubled if it is not removed. The person concerned shall be obliged to return hazardous or radioactive materials and waste to the source for safe disposal.”

Al-Hassoun stated: “The Department of Chemical Control and Evaluation of Contaminated Sites in the Ministry completed, during the past year, a study and evaluation of more than a thousand chemicals imported into Iraq, including about 130 environmental approvals after verifying their risks and the safety of their storage.  link   

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Tishwash:  Out of 329.. “only” 32 Iraqi parliamentarians signed the closure of the American embassy.. Documents

32 Iraqi parliamentarians, out of 329 others, submitted a request to the Presidency of Parliament to close the American embassy in Baghdad and expel Ambassador Alina Romanski.

The request, entitled (Holding a special session dedicated to the Palestinian issue), according to a document published below by Shafaq News Agency, stated, “In view of the genocide operations and the difficult humanitarian conditions that our people are experiencing in besieged Gaza due to the aggression and war officially declared by the Zionist entity and the brutal threat to displace more than a million A Palestinian citizen from northern Gaza, we submit, based on Article 28 of the bylaws of the House of Representatives, a request to hold an extraordinary, closed session devoted solely to discussing the issue of expelling the American ambassador, closing the embassy, and suspending diplomatic relations with all countries that support the Zionist entity.”

On the twenty-seventh of this October, the leader of the Sadrist movement, Muqtada al-Sadr, called on the federal government and parliament to vote on a decision to close the United States Embassy in Iraq in order to “support” the Palestinians.

Al-Sadr said in a post on the “X” website, previously Twitter, “I call on (the Iraqi government) and (the Iraqi parliament) with all its groups and orientations, for the first time and for the sake of public and not private interests, to vote on closing the American embassy in Iraq because of the unlimited American support for the terrorist Zionists.” Against Gaza.”

He stressed the need to “protect its (US Embassy) diplomatic personnel, and not be exposed to them by the shameless militias that want to undermine the security and safety of Iraq,” in the event of a vote on the resolution.

Al-Sadr also said, “If the government and parliament do not respond, we will have another position that we will announce later.”

The US Embassy in Baghdad announced in a statement last week the departure of non-essential employees at the embassy and the US Consulate in Erbil, due to increasing security threats. link

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CandyKisses:  National Security: We penetrated the networks of smugglers of the dollar and arrested more than 279 defendants

 {Omnia: Euphrates News} The National Security Agency announced that it had penetrated networks of dollar smugglers in the country.

The spokesman for the agency said in a press statement that “the detachments of the agency in Baghdad and the provinces have intensified their intelligence efforts to pursue currency smugglers, and more than one method of smuggling has been identified, including: through fake passports, including some traders collecting money in hard currency and smuggling it in certain ways out of the country.”

He added, “The device penetrated smugglers’ networks and arrested more than (279) accused of smuggling and seized (114) million dollars, as well as (72) million were counterfeit, and a crisis cell was formed to pursue currency smugglers abroad and there are major operations that will be announced once the investigation is over.”