Bondlady’s Corner

Iraqi News Highlights Saturday Afternoon 1-14-23

Tlm724 Administrator Bondlady’s Corner

Parliamentary Finance Calls On The Government To Expedite Sending The Budget To Parliament

Saturday 14 January 2023 11:46 | Economical Number of readings: 366  Baghdad / NINA /- Member of the Finance Committee, Jamal Koujar, called on the government to expedite sending the budget to Parliament for reading and approving its projects.

In a statement to the National Iraqi News Agency ( NINA ), Cougar said , “The delay in approving the budget reflects negatively on the Iraqi citizen, the market, and economic projects, and the government, represented by the Prime Minister and the Ministry of Finance, must complete the draft budget and send it to Parliament and the Finance Committee to complete all readings and vote on laws and return them.” to the government for implementation.

He explained: “The delay in the budget came as a result of the newness of the government, i.e. the election of a new government on 10/15 of last year, which is the timing of sending the budget to the government, as well as the problems, obstacles and political conflicts.”

And Cougar called for expediting sending the budget to parliament to be voted upon, since most of the service projects and job grades are related to it./ End 8

Stability Of Dollar Exchange Rates In The Iraqi Market

Economie| 10:36 – 01/14/2023  Baghdad – Mawazine News   Today, Saturday, the exchange rates of the dollar witnessed stability in the local markets.   Selling price: 157,500 dinars per 100 dollars   Buying price: 157,000 dinars per 100 dollars

More Than 360 Million… Dollar Sales In The Currency Auction Last Week

Saturday 14 January 2023 10:26 | Economical Number of readings: 256

Baghdad / NINA / – The Central Bank of Iraq announced that the total sales in the dollar currency auction during the past week amounted to more than 360 million dollars.

The bank stated in a statement that it sold during the past week for the five days in which the auction was opened, starting from Sunday to Thursday, 360 million 945 thousand and 774 dollars, at a daily rate of 72 million 189 thousand and 154 dollars, a decrease of 29.52% compared to the previous week

. “The highest dollar sales during the past week were on Sunday, when sales amounted to 112,424,526 dollars, while the lowest sales were on Monday, when sales amounted to 45,169,559 dollars.”

He pointed out that “sales went in the form of cash and transfers abroad to finance foreign trade, and the sale price of dollars transferred to bank accounts abroad, in addition to cash sales, amounted to 1460 dinars per dollar.”/ End

The House Of Representatives Concludes The Report And Discussion Of The Draft Fourth Amendment To The Industrial Investment Law

Political | 04:17 – 01/14/2023   Baghdad – Mawazine News  Parliament ended, today, Saturday, the discussion of the fourth amendment to the Industrial Investment Law for the private and mixed sectors.

And the media department of the House of Representatives stated in a statement received by / Mawazine News /, that “Parliament has completed the report and discussion of the draft law of the fourth amendment to the Industrial Investment Law for the private and mixed sectors No. (20) of 1998.” Ended 29

Oil Prices Achieved The Largest Weekly Gain Since October

Economie| 10:02 – 01/14/2023  Follow-up – Mawazine News  Oil prices rose more than a dollar a barrel at the settlement, in Friday’s session, recording its biggest weekly gain since October, with the dollar falling to its lowest level in seven months and amid more indications of growing demand in China, the world’s largest oil importer.

Brent crude futures settled up $1.25, or 1.5 percent, at $85.28 a barrel. US West Texas Intermediate crude futures rose for the seventh consecutive session, to be settled at $79.86 a barrel, an increase of $1.47, or 1.9 percent.

Brent jumped 8.6% this week while WTI gained 8.4%, recouping most of last week’s losses.

The dollar index fell to its lowest level in more than seven months after data showed yesterday that monthly inflation fell in December for the first time in two and a half years, which revived hopes that the US Federal Reserve will slow the pace of raising interest rates.

China’s recent purchases of crude and increased traffic in the country’s streets also fueled hopes of a recovery in demand in the world’s second-largest economy, following China’s reopening of its borders and the easing of Covid-19-related restrictions following last year’s protests. Ended 29/N33

Deputy: We Submitted A Request To The Presidency Of Parliament To Host The Governor Of The Central Bank Regarding The Repercussions Of The High Price Of The Dollar, But Our Request Was Rejected

Saturday 14 January 2023 15:48 | Economical Number of readings: 235

Baghdad / NINA / – Representative Hadi Al-Salami announced the submission of a request to the presidency of Parliament, signed by more than 80 deputies, to host the governor of the Central Bank regarding the repercussions of the high price of the dollar, but we were surprised that our request was rejected by the Presidency./ End

Economist: Al-Sudani’s Visit To Germany… A New Start For Iraqi Economic Diplomacy

Saturday 14 January 2023 09:42 | Economical Number of readings: 398  Baghdad / NINA / – The expert in economic affairs, Raad Twij, confirmed that Al-Sudani’s visit to Germany will have positive repercussions on the country’s economy, calling for investing this partnership in developing and implementing economic investment projects.

Twigg said in a statement to the National Iraqi News Agency ( NINA ): “The prime minister’s visit to Germany is a new start for the use of economic diplomacy, to put Iraq on the right economic path,” noting: “The negotiating axis of Iraq is oil and gas and its strategic location.”

He stressed that “these two points / oil and gas / are the two main points of historical relations between Iraq and Germany since the beginning of the twentieth century, so Iraq must benefit from this relationship and continue and develop it. The port of Faw and the Dry Canal can be completed and economic development has reached advanced stages through this partnership.” “.

Prime Minister Muhammad Shia al-Sudani had visited Germany at the head of a high-level delegation, and concluded several economic agreements with the German chancellor, especially in the electricity sector and in the investment of gas associated with oil extraction operations./ End 8

The Sudanese Advisor Sets The Spending Ceiling In The 2023 Budget

Money and business  Economy News-Baghdad  The financial advisor to the Prime Minister, Mazhar Muhammad Salih, suggested that the spending ceiling for the current year 2023 budget would reach the barrier of 200 trillion dinars, specifying three directions that will be supported in the event of a financial surplus, including strengthening the development funds included in the government curriculum.

Saleh said in a statement to the official newspaper, that despite “there are statements about an extremist trend in increasing public expenditures, even in light of the conservative price of a barrel of oil that does not exceed 65 dollars (and may reach 70 dollars per barrel) and an oil export capacity of about 3.4 million barrels per day. Spending in the 2023 public budget is the one that will ultimately decide whether or not there is a hypothetical deficit, or how much is the supposed deficit?.

Saleh stressed, “The need to include the financial surpluses collected at the end of fiscal year 2022 and count them as an opening balance for the current year 2023 budget.” legally.”

He pointed out that “extreme estimates of public spending say: The budget will have a spending ceiling of about 200 trillion dinars, and that the increases or surpluses will go in three directions. For the state’s strategic and service projects, including unimplemented allocations in the Emergency Law for Food Security and Development No. 2 of 2022.

Saleh confirmed that, in “various cases, I expect the spending ceiling in the next budget to exceed the barrier of 150 trillion dinars, up to 200, if it is (the hypothetical deficit) In a way that does not exceed 15% of total spending, due to the existence of financial savings from the past year 2022.

190 views   Added 01/14/2023 – 11:30 AM  Updated 01/14/2023 – 6:24 PM

Iraq Agrees With Jordan To Proceed With Activating The Tripartite Agreement, The Electrical Interconnection And The Extension Of An Oil Pipeline

Reconstruction and building   Economy News-Baghdad   Parliament Speaker Muhammad al-Halbousi stated, on Saturday, that Iraq is continuing to activate the tripartite agreement between his country, Jordan and Egypt, in addition to the electrical connection and the extension of a pipeline to export oil from Basra Governorate to the port of Aqaba.

This came in a joint press conference held by Al-Halbousi with his Jordanian counterpart, Ahmed Al-Safadi, after the end of the latter’s visit to the capital, Baghdad.

Al-Halbousi said during the conference, that during the meetings that the Jordanian parliamentary delegation held with the three presidencies and the Iraqi political forces and parties during the past days, there was an emphasis on the constants of the size of the relationship between neighbors between Iraqis and Jordanians, and the need to face the challenges that the region and the world are going through, and we have a vision in this file, whether at the level Representatives by activating parliamentarians in Arab, Islamic and international parliaments or at the level of governments by activating bilateral agreements and cooperation.

He added that the security file was also discussed, the prosecution of ISIS cells, and the provision of intelligence efforts from Jordan, in addition to the prosecution of those involved in corruption cases during the previous period in Iraq, and Jordan has shown its continued cooperation in this file.

Views 151  Added 01/14/2023 – 12:40 PM  Updated 01/14/2023 – 6:24 PM

The House Of Representatives Adjourns

Political | 04:26 – 01/14/2023   Baghdad – Mawazine News   decided today, Saturday, to adjourn the parliament session.   The Parliament’s Media Department stated in a statement, a copy of which was received by Mawazine News, that “the Presidency of the House of Representatives adjourned the Parliament’s session.”

Today, Saturday, the House of Representatives completed the first reading of the Communications and Informatics Bill.

The House of Representatives media department stated, in a statement, that “the House of Representatives has completed the first reading of the draft Communications and Informatics Law.”

On the other hand, the department stated, “The law comes for the purpose of regulating and managing the communications and informatics sector in the Republic of Iraq, drawing up its general policy, defining the competent authorities for the process of allocating and regulating frequencies, granting licenses and licenses, protecting national wealth in these sectors, and ensuring the optimal use of the frequency spectrum, In order to encourage investment in the telecommunications sector, ensure the protection of the interests of beneficiaries, provide them with the best services, keep pace with technological development and support economic development in this field

, the House of Representatives held, earlier today, Session No. (1) of the fifth electoral cycle, the second legislative year, the first legislative term , headed by its president, Muhammad al-Halbousi. Ended 29/M99


To read more current and reliable Iraqi news please visit BondLady’s Corner: