Iraqi News Highlights Friday Evening 11-11-22
Tlm724 Administrator Bondlady’s Corner
Demands To Change The Price Of The Dollar In Front Of Two Options “Whose Dreams Are Bitter “(Video)
528 economy 2022/11/10 22:46 Baghdad today-Baghdad The file of changing the dollar exchange rate is still oscillating between the rejection of the concerned authorities and economists, and between popular demands and some political blocs, while economic principles put the demanding parties to change the dollar exchange rate between two options, either fixing the exchange rate as it is, or changing it,
but after two important measures, namely diversifying the Iraqi economy and not relying on oil, as well as squeezing operating expenses by at least 20%, a measure that requires completely preventing employment and reducing some salaries, allocations and operating expenses in general, as any change to the exchange rate without these two conditions will return Iraq to the tragedy of austerity and borrow again. Video: https://www.youtube.com/watch?v=CDZttT5v1Kw
Scary: The Current Dollar Exchange Rate Will ‘Stabilize’ For Years To Come
Thursday, 10 November 2022 11: 24 am Baghdad/National News Center The governor of the Central Bank of Iraq, Mustafa Ghalib mukheeb, announced on Thursday that the current dollar exchange rate in the country “will be fixed for future years”.
”We do not intend in any way to prejudice the current exchange rate of the US dollar against the Iraqi dinar,”mukhaif said in a press statement.
“The current price will be fixed for many more years to come,”he added.
”The decision to change the exchange rate in the past was not accompanied by measures to protect the poor, middle classes and low-income people, and
this exacerbated the problem and its negative repercussions on citizens,” Sudanese Prime Minister Mohammed Shiaa said at a press conference on the first of this month. https://nnciraq.com/163417/
Kurdistan Government Spokesman: The Agreement Of The Political Blocs Provides For The Legislation Of The Oil And Gas Law Within 6 Months
Posted On2022-11-10 By Sotaliraq Kurdistan Regional Government spokesman, Jutiar Adel, announced today, Thursday, that the Kurdistan Regional Government has always had serious intentions to resolve differences and outstanding issues with the federal government.
Adel said in a press conference held today: “The Kurdistan Regional Government had and still has serious intentions to resolve differences and outstanding issues with the federal government, especially during the ninth cabinet of the Kurdistan Government,” adding, “But we were not able to resolve these differences because of the obstacles we faced.” “We are still serious about resolving these differences,” he said.
He added, “The regional government has formed a ministerial delegation to discuss with Baghdad, and we are waiting for a response so that the delegation will go and start negotiations soon.”
Adding that, “a number of files that were agreed upon by the political forces before the formation of the government will be discussed in this visit, and some of them relate to executive affairs and others relate to legislative affairs.”
Noting that “one of the most important files that will be discussed is the budget, the issue of oil and gas, and Article 140 of the constitution,” and he continued, “there is an agreement with the federal government on how to prepare the budget, and give the Kurdistan Region’s share in accordance with the constitution,” adding that “there is good coordination between the Oversight Bureau. Finance in the region and the Federal Financial Supervision Bureau to solve the financial problems between the two sides.
Noting that “the agreement concluded between the political blocs in Baghdad stipulates that the oil and gas law, the Federal Supreme Court Law, and the Federal Service Council Law shall be legislated within a period of 6 months from the age of the formation of the current federal government.”
On the relations of the Kurdistan Regional Government with neighboring countries, he said, “The Kurdistan Regional Government respects the sovereignty of neighboring countries, and these countries must respect the sovereignty of the Kurdistan Region, and we are ready to hold talks with any country that has any concerns.” LINK
Hammam Al-Shamaa To / Nina /: Extinguishing Debts And Establishing A Sovereign Fund For Generations .. An Important Step That The Current Government Should Take
Friday 11 November 2022 10:42 | Economic Number of readings: 395 Baghdad / NINA / – The economic expert, Hammam Al-Shamma, confirmed that extinguishing debts and establishing a sovereign fund for generations is an important step that the current government should take.
He told the National Iraqi News Agency ( NINA ) that if serious thought is given to extinguishing debts and establishing a sovereign fund, a price for the next budget should be set between 30 to 40 dollars per barrel. From projects such as petrochemical projects, increasing its productivity and diversifying its products.
He explained that the lesson is not to set a high price for building a new budget, but rather the amount of benefit from the current high revenues to liquidate external and internal debts./End 3
Central Bank Governor: Our Banking Sector Has Become Qualified To Play Its Roles In Development And Prosperity
Banks Economy News-Baghdad is Excellency the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, participated in the Autumn Conference of the Iraq British Business Council, which opens its work today, Thursday, in the United Arab Emirates / Dubai.
“The efforts made by countries to create industrial and agricultural development and provide job opportunities and development cannot be achieved without the banking sector responding to the aspirations and expectations of investors and workers in the economic sector,” he said in a statement.
He added: “Money is the lifeblood and means of development, development and prosperity, and we believe that our banking sector has become qualified to play its roles that everyone aspires to.”
Views 194 Added 11/10/2022 – 1:44 PM Update 11/11/2022 – 6:25 PM
The Iraq Stock Exchange Is Trading More Than Three Billion Shares At The End Of The Week’s Trading
Market Economy News / Baghdad The Iraqi Stock Exchange closed, on Thursday, with an increase of more than 3 billion shares.
A statement to the market stated that “the number of shares traded this week more than (3) billion shares, and the value of shares traded this week reached more than (4) billion dinars.”
The trading index closed in the market for the first session of the week at “576.09 points, while the index closed at the end of the week at (576.50) points, achieving an increase of (0.07%) from its closing in the first session.”
During the week, it executed “more than (3100) buying and selling contracts on the shares of companies listed in the market.” Views 202 Added 11/10/2022 – 3:13 PM Update 11/11/2022 – 6:10 PM
Central Bank Governor: We were keen to facilitate the procedures for opening the first branch of a private bank abroad
Banks Economy News – Baghdad The Governor of the Central Bank, Mustafa Ghaleb, confirmed that the bank was keen to support the “Development Bank” and facilitate the procedures for opening the bank’s branch in the Emirate of Dubai.
Ghaleb said in an interview with “Economy News”, that the Development Bank “opened branches inside Iraq and spread in almost all governorates, and worked to provide international requirements and standards for launching to the regional region, and its first step was the UAE.”
Ghalib added, “We were keen to support this bank and facilitate all procedures for it, and we communicated with the UAE Central Bank, who were keen with us to provide these requirements and complete the fundamental procedures to open this branch.”
He continued, “We, as the management of the Central Bank of Iraq, were keen to attend the opening of this branch, as it is the first private sector bank to open a branch outside Iraq to strengthen economic relations between the two countries.” 126 views Added 11/11/2022 – 12:12 PM Update 11/11/2022 – 6:21 PM https://economy-news.net/content.php?id=30734
The Exchange Of The Dollar Stabilizes In The Iraqi Markets
Economie| 09:35 – 11/11/2022 Baghdad – Mawazine News The dollar exchange rates witnessed, today, Friday, stability in the local markets.
The selling prices of the dollar were 147.150 dinars per 100 dollars, while the purchase prices of the dollar were 147.050 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=210907
Oil Price Hike
Economie| 08:42 – 11/11/2022 Follow-up – Mawazine News : Oil prices rose on Friday, as fears of an economic recession in the United States eased, but they are heading to record a weekly decline of more than 4% after a jump in Covid-19 cases in China, the largest oil importer, which threatens to weaken demand for oil. fuel.
Brent crude futures rose 23 cents, or 0.3%, to $93.80 a barrel by 01:01 GMT, to continue rising 1.1% in the previous session.
US West Texas Intermediate crude futures rose 28 cents, or 0.3%, to $86.75 a barrel, after rising 0.8% in the previous session.
But since the beginning of the week, US crude has fallen more than 6%, while Brent is down about 5%.
Analysts said oil prices rebounded on Friday as the dollar fell after data on Thursday showed US inflation was weaker than expected, dampening expectations of sharp interest rate hikes.
The weak US dollar boosts the demand for oil as it makes it cheaper for buyers of other currencies.
But locals said the risk China still posed to demand limited price gains, with COVID-19 cases rising in Guangzhou, the country’s manufacturing hub, as authorities asked residents to work from home.
In addition to working from home, which reduces commuting and fuel demand, travel through China has remained weak, as residents fear being stuck in quarantine areas, ANZ Research analysts said in a note.
Hopes that China would ease the policy of non-proliferation of the Corona virus had led to the recovery of oil last week, but the statements of health officials this week made it clear that they would continue to respond firmly to any outbreak. https://www.mawazin.net/Details.aspx?jimare=210904
Italy Announces The Volume Of Trade Exchange With Iraq Within A Year
Economie| 01:12 – 11/11/2022 Baghdad – Mawazine News The Italian Commercial Attaché confirmed today, Friday, that the volume of trade exchange between Iraq and Italy amounted to 656 million dollars last year, indicating that the volume of Iraqi exports to Italy amounted to 3.4 million dollars annually.
The Italian regional commercial attaché to Iraq, Elisa Salazar, confirmed in a statement to the official news agency, which was followed by / Mawazine News, that “the participation of Italian companies in this year’s Baghdad exhibition comes to efforts to contract with the Iraqi government to rehabilitate infrastructure, especially industrial (transformation) facilities capable of manufacturing materials Iraqi crude for the purpose of importing it, given the high quality of Iraqi raw materials.
She added that “Iraqi exports to Italy have declined a lot in recent years, after Italy was importing wool, leather and various kinds of salt from Iraq,” stressing “her country’s keenness to establish the best economic and trade relations with Iraq in a way that parallels the historical relationship between the two friendly peoples.” Ended 29/M 99 https://www.mawazin.net/Details.aspx?jimare=210921
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