Iraqi News Highlights Friday Afternoon 11-17-22
Tlm724 Administrator Bondlady’s Corner
The President Of The Republic Discusses With Al-Halbousi The Country’s Political Situation
Friday 18 November 2022 18:13 | political Number of readings: 75 Baghdad / NINA / – The President of the Republic, Abdul Latif Jamal Rashid, received today, Friday, at the Peace Palace in Baghdad, the Speaker of Parliament, Muhammad al-Halbousi.
During the meeting, according to a presidential statement, they discussed the political situation in the country, welcoming the formation of the government and its service program, and supporting everything that would achieve the aspirations of the Iraqis.
A number of pending laws were also discussed, and the importance of setting a timetable for their approval was emphasized.
In this context, the activities and discussions taking place in the Presidency of the Republic and the Parliament regarding laws were discussed, and the need for the President of the Republic to attend some of the discussions that take place regarding important legislation, as well as the visit of members of Parliament and heads of blocs and committees to the Presidency of the Republic to present their perceptions and ideas about laws.
The two sides agreed on the importance of holding meetings of the three presidencies from time to time to discuss developments and take action in their regard./ End 9
World Bank: Iraqi Oil Production Will Be Affected By Sanctions On Russian Companies
Money and business Economy News – Baghdad The World Bank confirmed that Iraqi oil production will be affected if Russian oil companies in Iraq are affected by international sanctions on Russia.
The World Bank said in a report on the Iraqi economy, of which “Al-Iqtisad News” obtained a copy, that the rise in oil prices could negatively affect the local effort towards reforms, which thus deepens the structural economic challenges facing Iraq.
He added that the severe effects of climate change and water scarcity will reduce agricultural production.
He pointed out that reforms related to state-owned banks can be accelerated by enhancing their effectiveness and governance, which strengthens the financial sector and increases the private sector’s access to financing.
He stressed that the white paper will remain a bold model for developing a comprehensive economic reform program towards economic diversification, pointing out that food production has failed to meet the demand resulting from rapid population growth, as agricultural production has recently suffered severe droughts and high prices of agricultural inputs.
405 views Added 11/17/2022 – 7:55 PM Updated 11/18/2022 – 6:00 PM
The Dollar Stabilizes In The Iraqi Market
Economie| 10:03 – 11/18/2022 Baghdad – Mawazine News Today, Friday, the exchange rates of the dollar witnessed stability in the local markets. And the selling prices of the dollar were recorded, 148,400 dinars per 100 dollars, while the buying prices of the dollar were recorded at 148,300 dinars per 100 dollars. Ended 29 / M99 https://www.mawazin.net/Details.aspx?jimare=211603
A New High In Oil Prices
Economie| 09:46 – 11/18/2022 Follow-up – Mawazine News Oil prices rose on Friday as the dollar fell, but it was heading for huge weekly losses amid expectations that there will be no slowdown in sharp increases in US interest rates and the possibility of weak demand from China, the largest oil importer, amid rising COVID-19 cases.
Brent crude futures were back 67 cents, up 0.8%, at $90.45 a barrel at 0130 GMT, but not far from a four-week low of $89.53 in the previous session.
US West Texas Intermediate crude futures rose 70 cents, or 0.9%, to $82.34 a barrel, but settled near a six-week low.
Oil prices were helped by a slight decline in the dollar on Friday, as a weaker dollar made oil cheaper for buyers holding other currencies.
However, WTI is down more than 7% so far this week, while Brent is down about 6%.
Analysts said concerns about potential lockdowns in China to curb the increase in COVID cases, which reached their highest level since April, and fears that raising interest rates could push the US economy into recession, casting a shadow over the market.End 29/M99
Ministry Of Oil: The Coming Months Will Witness An Increase In The Production Of Petroleum Products
Economie| 11:30 – 11/18/2022 Baghdad – Mawazine News The Ministry of Oil pledged today, Friday, to increase its products in the coming months.
The ministry stated, in a statement that Mawazine News received a copy of, that “Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani, during his visit to the Central Refineries Company, confirmed that developing the refining sector and increasing production is one of the goals of the government program, and that the refining sector is among the priorities of our work.” And our future plans, and it enjoys the attention and support of the Prime Minister.
He added, “The Minister of Oil discussed with the company’s management plans to raise the refining capacity of the Central Refineries Company to (500,000 barrels) per day in 2026, and disclosed the current production of the Dora refinery, which amounts to (140,000) barrels per day.”
He referred to “the Ministry of Oil’s endeavor to develop existing refineries, increase production from them, and reduce the import of oil products, noting that”
The Minister of Oil directed the company’s management to expedite the development of a study to add new units to the Samawah, Diwaniyah, and Najaf refineries, aiming to achieve an increase in production and provide job opportunities for the people of the concerned governorates, stressing “work in accordance with the requirements of occupational safety and maintaining environmental and public health standards.”
He praised “efforts .” Workers in the liquidation sector and their eagerness to do more, despite the health, economic and political challenges and the difficult conditions that Iraq witnessed during the last period. https://www.mawazin.net/Details.aspx?jimare=211611
To read more current and reliable Iraqi news please visit BondLady’s Corner: