Bondlady’s Corner

Iraqi News Highlights Thursday Afternoon 4-20-23

Tlm724 Administrator Bondlady’s Corner

The Decline In Dollar Prices In Baghdad With The Closing Of The Stock Market

Economy  Thursday, April 20, 2023 4:10 PM  Baghdad / The National News Center  The exchange rates of the US dollar decreased against the Iraqi dinar, today, Thursday, with the closure of the main stock exchange in Baghdad.

The correspondent of the National News Center said, “The central Kifah Stock Exchange in Baghdad closed at an exchange rate of 142,800 Iraqi dinars for 100 dollars, while the prices this morning were 143,500 dinars for 100 dollars.”

He added, “The buying and selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 143,500 Iraqi dinars, while the purchase prices reached 142,000 dinars per 100 dollars.”

At A Value Of About 3.7 Million Dollars.. Disclosure Of Details Of A UN Project In “Al-Chibayish”

Money  and business  Economy News-Baghdad  The United Nations Development Program (UNDP) in Iraq announced that it has signed, in partnership with the Canadian Department of Foreign Affairs, Trade and Development (DFATD), an agreement for a project to protect the Iraqi Marshes, with approximately $3.7 million to increase biodiversity protection and people’s resilience to climate change.

The program stated in a statement that “Iraqi Mesopotamian Marshes, one of the most important biodiversity hotspots in West Asia, a UNESCO World Heritage Site, and home to the country’s famous Marsh Arab culture, are now threatened by climate change and unsustainable human activities.

The unique ecosystems of the marshes are characterized by extreme drought, high temperature, low precipitation, and high rates of evaporation, in addition to the effects of climate change.

The resilience of ecosystems and biodiversity in the marshes is weakened by human impact on river flow, chemical pollutants and wastewater, and habitat destruction.

“The indigenous people of the Mesopotamian marshes, especially women and girls, are among the first to face the direct consequences of climate change and environmental devastation, due to their close relationship with nature,” he added.

The range of activities proposed under the project, according to the statement, aim to “build the resilience of local communities to the impacts of climate change, particularly the indigenous Marsh women, address the root causes of biodiversity degradation, and protect wildlife populations, in a way that achieves co-benefits through poverty reduction.” social cohesion and climate change mitigation.

In particular, the project will focus on “investing in the empowerment of Marsh women where gender inequality is high, increasing their participation in decision-making processes and encouraging them to become agents of change in the Marshlands.

Given the extreme scarcity of water, the project will work to increase local water security by restoring Rehabilitating water recycling systems, equipping them with solar energy units, and conducting a comprehensive analysis of possible solutions to secure drinking water for the residents of the marshes, which are sustainable and developable in the long term, with climate change as a stress factor, which leads to accelerating the depletion of the marshes’ resources.

The program indicated that “the project will conduct an important assessment of ecosystems to provide the first-ever scientific analysis of the state of the ecosystems in the Marshes, and their economic, social and cultural composition, and to present scenarios for human and environmental well-being in the future, to adapt conservation policy and manage them accordingly to support the restoration and preservation of ecosystems on the the earth”.

The project will include “locally managed hatcheries to replenish local fish stocks, improve regulations on sustainable hunting and fishing, enforcing such regulations in a gender and culturally sensitive manner, along with awareness campaigns in order to increase local ownership of biodiversity conservation.”

The project will focus on “a specific area of the central part of the marshes located in the Chibayish district of Dhi Qar Governorate, where the Central Marsh was listed as one of the Mesopotamian Wetlands of International Importance, and classified as a socio-environmental site due to the high levels of interaction between the local population.” and nature for thousands of years.

This project is a critical step towards protecting the Mesopotamian Marshes, addressing the growing effects of climate change, and preserving Iraq’s natural heritage for future generations.”

He pointed out that “the implementation of the project will be under the leadership of the Center for the Restoration of Iraqi Marshes and Wetlands (CRIMW) in the Iraqi Ministry of Water Resources.”

The Industry Confirms Its Tendency To Open Up To All Countries To Conclude Agreements That Contribute To The Development Of Iraqi Industry

Thursday 20, April 2023 14:40 | Economical Number of readings: 220  Baghdad / NINA / – The Ministry of Industry and Minerals affirmed its tendency towards openness to all countries to reach partnership agreements that contribute to the development of Iraqi industry.

A statement by the Ministry of Industry stated that the administrative undersecretary of the ministry, Vice-Chairman of the Iraqi-Syrian Committee, Makki Ajib Al-Dairi, held an expanded meeting to discuss the working paper of the Iraqi side in the eleventh session of the joint Iraqi-Syrian committee, to be held in Syria next month, in the presence of the head of the National Investment Commission and a number of general managers and officials. In the ministries of trade, transport, finance, health, communications, agriculture, culture, and the Border Crossings Authority.

During the meeting, the Undersecretary of the Ministry of Industry stressed the need to discuss bilateral cooperation files in order to consolidate relations and enhance ways of economic, industrial, commercial, technical, cultural and scientific cooperation between the two brotherly countries and discuss proposals and observations of ministries and relevant authorities, pointing to the need to work on developing new memorandums of understanding for cooperation in the field of textile and leather industries.

And food industries and mineral resources through the development of the factories of the companies affiliated to the Ministry of Industry and Minerals through partnership with the Syrian side.”

As the agent confirmed, the Ministry of Industry is moving towards openness to all countries with the aim of reaching understandings and concluding partnership agreements, which would contribute to the development of Iraqi industry. In light of the many investment opportunities and projects available to the Ministry of Industry and its companies in various industrial fields.

. During the meeting, visions and ideas were put forward about activating new memorandums of understanding in various fields pertaining to the ministries of water resources, communications, health, education, culture, transport, interior, construction and housing for the purpose of presenting them to the Syrian side during the upcoming visit in order to reach common goals that serve the interest of the two brotherly peoples.

Oil Prices Drop, And Brent Records 82 Dollars Per Barrel

Thursday 20, April 2023 10:01 | Economical Number of readings: 381  Baghdad / NINA / – Oil prices fell in Asian morning trading, today, Thursday, with the strength of the US dollar, amid expectations of raising interest rates and reducing demand concerns.

Brent crude futures fell 80 cents to trade at $82.32 a barrel.

West Texas Intermediate crude futures fell 69 cents to $78.47 by 04:40 GMT.

And these two crudes are the ones that are declining for a second day after falling by 2% yesterday, Wednesday, at their lowest levels since OPEC + announced a sudden production cut on April 2.

The US dollar index rose about 0.40% this week. A stronger dollar makes oil more expensive for holders of other currencies.

Although China reported better-than-expected GDP data, both industrial production and fixed-asset investment were lower than agreed, which did not help boost oil prices.

US economic activity has not changed much in recent weeks, with employment growth moderating somewhat and price increases appearing to be slowing./End 7

Iraq Market Stops Its Activity For Five Days

Economy| 12:19 – 04/20/2023   Baghdad – Mawazine News   The Iraq Stock Exchange announced, today, Thursday, that it will stop its activity for a period of five days.

The market said in a statement, “Based on the Cabinet’s decision to declare an official holiday for a period of five days on the occasion of Eid Al-Fitr, it will not organize trading sessions, starting from Thursday, corresponding to April 20, until next Monday.”

The statement added, “The first trading session after the Eid holiday will be on Tuesday, April 25, according to its official timings.”

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