Bondlady’s Corner – Iraq Economic News and Points to Ponder Sunday Afternoon 11-26-23


Iraq Economic News and Points to Ponder Sunday Afternoon 11-26-23

Tlm724 Administrator Bondlady’s Corner

The Regional Government Is “Illegitimate”… Where Does The Money Sent From Baghdad To Kurdistan Go?

Information/private.   The former member of the House of Representatives, representing the Kurdish component, Ghaleb Muhammad, stated today, Sunday, the fate of the funds sent to Kurdistan, and while he described the regional government as “illegitimate,” he addressed a request to the Baghdad government regarding employee salaries.

Ghaleb said, in an interview with the Maalouma Agency, that “the educational personnel who moved from Kurdistan to Baghdad are demanding their financial rights as Iraqi citizens,” calling on the federal government to “take crisis measures and settle the salaries of Kurdistan employees directly with its banks without returning to the region.”

He added, “The Kurdistan Regional Government now, and its authorities, are illegitimate, and do not have any legal basis, especially after the end of the life of the Kurdistan Parliament, and this is also the case with the government,” stressing that “the money that is sent from Baghdad to the region is stolen by parties and companies.” The ruler goes to the officials and their families, which is what prompted us to demand our salaries from Baghdad.”

The former Kurdish MP explained, “Citizens in Dohuk or Erbil want to be like those living in other Iraqi provinces,” pointing out that “the federal government is able to take measures and transfer employees’ salaries to it.”

Earlier, a member of the House of Representatives, Muhammad Al-Qadri, confirmed that Kurdistan is today trying to transfer the crisis of its employees’ salaries to the center. To put pressure on the federal government,” adding: “If there are no solutions to the outstanding problems between Baghdad and Erbil, then a solution to this crisis cannot be found.”

Earlier today, hundreds of educational and teaching personnel arrived in the capital, Baghdad, from the Kurdistan region, where they organized a demonstration in Tahrir Square. To demand their financial entitlements, and attempt to settle their salaries with the federal government.  LINK

The “Five-Year Plan” In The Al-Sumaria Bulletin And Government Assurances On Building Economic Relations With The World

Special Sumerian   2023-11-26 | 969 views    Al-Sudani stresses providing the best conditions to achieve the goals of the five-year plan… and is keen to build economic relations with the world.

 The region’s teachers demonstrate in Baghdad to demand the payment of their salaries.. A Kurdish delegation will visit Baghdad tomorrow to meet the Prime Minister.

  Despite its religious status, Al-Kadhimiya is infiltrated by drugs… and demands to combat anomalies in the city’s alleys.  

 The Gaza truce enters its third day… the continued entry of humanitarian supplies into the Strip… and anticipation of the release of more prisoners.   LINK

The Importance Of Oil And Gas Law

Economical  11/26/2023   Muhammad Sharif Abu Maysam   The importance of the Oil and Gas Law does not stop at establishing the correct mechanisms and methods for managing oil wealth and establishing the correct solutions for resolving oil and gas conflicts and disputes between the producing and contracting parties in a way that enhances confidence in the political system and the judicial institution, as its legislation and entry into force will necessarily contribute to supporting political, security and economic stability.

 They will contribute to strengthening national unity, increasing the rule of law, and creating an attractive investment environment that goes beyond promoting investments in the oil sector, and will push towards the urgent need to legislate the Federal Court law, respect the constitution, and resolve all points of contention between the center and the region, given that most of the outstanding problems between Baghdad and Erbil are the result of the oil and revenue file.

Oil, and most importantly of all, the legislation of this law will confirm the right of the Iraqi people to own oil and gas wealth as stated in Articles (11 and 12) of the Constitution.

Despite this great importance of legislating the oil and gas law, which prompted the current government to form a committee to study and amend the draft law and then present it to the government and the House of Representatives, political differences are still an obstacle to approving a law that satisfies all parties since 2007 until now, which makes Legislating this law is the biggest challenge under the government’s program document applications.

It goes without saying that a legal draft that is not consistent with the constitutional texts will be subject to categorical rejection under the powers of the Federal Court responsible for implementing the constitutional texts. Anything less than that can be agreed upon through intensifying dialogue sessions between oil and legal experts and those concerned with financial management.

However, such a law will remain. It has been locked away for about sixteen years without legislation under the pretext of political differences. This is a very strange matter, not only because the justifications for obstruction are illogical in light of the extent of the national importance of its legislation, but also because the current stage is the most dangerous after the escalation of the conflict between the major oil-consuming countries, in addition to what the country is witnessing.

Hello, World!

Of major economic transformations, at a time when we are looking forward to implementing the government program, specifically with regard to legislating obstructive laws and resolving disputes related to economic files.

Accordingly, the current committee charged with studying and amending the draft prepared in 2007, over which dialogue took place for years to no avail, is required to work hard, compete for time, and disclose the reality of the obstacles that hinder reaching consensus on the controversial points contained therein, with the aim of forming a public opinion that pressures those responsible. By disrupting.

Petroleum Products Resolve The Controversy Over Imposing Fees On Selling Fuel At Stations Via Electronic Payment

Economy |Baghdad Today – Baghdad  The Petroleum Products Company confirmed today, Sunday (November 26, 2023), that selling fuel at stations via electronic payment will not add additional financial costs to citizens.

Director of Petroleum Products, Hussein Taleb, told the official agency, “The decision to adopt electronic payment exclusively at gas stations comes within the government’s direction to generalize this experience in payment and requires, initially, that all drivers have an electronic payment card.”

He added, “The citizen will only pay the required amount on the screen at the stations, and they will not bear additional financial burdens that exceed the price of a liter of fuel.”

Talib pointed out, “The Petroleum Products Distribution Company supplies thirty million liters of gasoline per day to citizens, divided between premium gasoline for (450) dinars and improved gasoline (650) dinars.”

He pointed out that “the state subsidizes petroleum derivatives with a value of more than 100%,” pointing out that “the price of a liter of gasoline, which is sold for 650 dinars, costs the state 1,000 dinars.”

Talib pointed out that “the company produces 23 million liters of gasoline daily, and there is a deficit estimated at 7 million that is imported from abroad,” pointing out that “Iraq was importing oil derivatives worth three and a half billion dollars annually before the need for imports was reduced.” LINK

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Provoking Points to Ponder on THANKS – GIVING…. GIVING THANKS ….. “GIVING”….. GRATITUDE

Generosity is giving more than you can, and pride is taking less than you need. Kahlil Gibran (1883 – 1931)

Do give books – religious or otherwise – for Christmas. They’re never fattening, seldom sinful, and permanently personal. Lenore Hershey

You try to give away what you want yourself. Lois McMaster Bujold, “Memory”, 1996

If we have the opportunity to be generous with our hearts, ourselves, we have no idea of the depth and breadth of love’s reach. Margaret Cho, weblog, 03-09-04

If you want to see what children can do, you must stop giving them things. Norman Douglas

What a child doesn’t receive he can seldom later give. P. D. James, Time to Be in Earnest

Gifts allow us to demonstrate exactly how little we know about a person. And nothing pisses a person off more than being shoved into the wrong pigeonhole. Pam Davis, House M.D., It’s A Wonderful Lie, 

A gift in season is a double favor to the needy. Publilius Syrus (~100 BC), Moral Sayings, 100 B.C.

He doubly benefits the needy who gives quickly.  Publilius Syrus (~100 BC), Maxims

The spirit in which a thing is given determines that in which the debt is acknowledged; it’s the intention, not the face-value of the gift, that’s weighed. Seneca (5 BC – 65 AD), Letters to Lucilius, 100 A.D.

We make a living by what we get, we make a life by what we give  Sir Winston Churchill (1874 – 1965)

Purchase not friends by gifts; when thou ceasest to give, such will cease to love. Thomas Fuller (1608 – 1661)

Rich gifts wax poor when givers prove unkind.  William Shakespeare (1564 – 1616), Hamlet, 1600