Bondlady’s Corner

Iraqi News Highlights Thursday Evening 1-26-23

Tlm724 Administrator Bondlady’s Corner

The Rise In Oil Prices With The Weakness Of The Dollar

Economie| 10:13 – 01/26/2023  Follow-up – Mawazine News  Oil prices rose, in trading today, Thursday, in light of the decline in the dollar and expectations of an increase in demand from China after the resumption of economic activities.  By 09:29 Baghdad time, US West Texas Intermediate crude futures rose 0.29% to $80.39 a barrel.  Brent crude futures contracts were traded at $86.27 a barrel, an increase of 0.17% from the previous closing price.

Yesterday, Brent contracts closed at $86.12 a barrel, a slight decrease equivalent to one cent, while US crude contracts rose by a slight amount, equivalent to two years, to $80.15 a barrel. Ended 29/N33

Foreign Ministry: Al-Sudani’s Visit To France Includes The Recovery Of Smuggled Money

Money and business  Economy News-Baghdad  Today, Thursday, the Ministry of Foreign Affairs clarified the objectives of the visit of Prime Minister Mohamed Shia Al-Sudani, who is heading a government delegation to the French capital, Paris, according to the Iraqi News Agency.

The Foreign Ministry spokesman, Ahmed Al-Sahhaf, said, “The visit to Paris comes within the context of strengthening partnership, building on economic and investment opportunities, exchanging support in the areas of combating terrorism and extremism, and coordinating at the bilateral and multilateral levels to support Iraq in various international nominations, with the aim of enabling the restoration of the Iraqi role and realizing initiatives.” It enhances balance and stability, in addition to enhancing joint work in the educational, cultural and banking sectors.

Al-Sahhaf added, “The visit also comes due to the continued international political support for Iraq by the French government, and the use of this distinguished relationship at the European level in the file of combating terrorism and extremist ideas, recovering smuggled funds, handing over wanted persons, and technical assistance in the file of returning the displaced.”

He pointed out, “Seeking to mobilize greater participation of French companies in the reconstruction programs in a more effective manner, in reconstruction programs exclusively within predetermined projects, and trying to obtain political support to initiate the idea ofstrengthening cooperation in banking matters.”

He referred to “an attempt to obtain political support to urge the French aviation authority to complete the project within the plan to restore the direct air route Baghdad – Paris, and to lift the ban on Iraqi airlines, in addition to obtaining support for cooperation in the areas of combating corruption and recovering frozen funds and those wanted by the Iraqi judiciary and cooperation in The field of recovering smuggled antiquities, as well as cooperation with the French side in the field of preserving Iraqi property on French territory.

And he continued, “Foreign policy is moving towards devoting economic diplomacy and diversifying investment gates to Iraq, by relying on the highest levels of attraction and facilitation for the work of international companies and investors,” explaining that “the visit of Prime Minister Muhammad Shia al-Sudani to Paris to confirm this.”   Today, Thursday, the Prime Minister, Mohamed Shia Al-Sudani, left for Paris on an official visit.

Iraq Market.. The Dollar Settles At 161 Thousand Dinars

Economie| 10:17 – 01/26/2023   Baghdad – Mawazine News  Today, Thursday, the exchange rates of the dollar witnessed stability in the local stock exchange.   Selling price: 161,000 dinars per 100 dollars Buying price: 160,500 dinars per 100 dollars

Al Mandalawi: Promising Investment Opportunities Await Discreet International Companies

Economie| 12:02 – 01/26/2023   Baghdad – Mawazine News, First Deputy Speaker of Parliament Mohsen Al-Mandalawi confirmed, on Thursday, that there are promising investment opportunities awaiting sober international companies.

Al-Mandalawi’s office stated, in a statement received by Mawazine News, that “First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, received the Ambassador of the Kingdom of Spain to Iraq, Pedro Martinez.”

Al-Mandalawi stressed, according to the statement, that “Iraq is looking forward during the next stage to activating its relations with Spain in various aspects, especially in the agricultural, industrial and commercial fields,” noting that “there are promising opportunities for discreet Spanish and foreign companies to enter the Iraqi market and contribute to the implementation of A number of strategic projects to be implemented soon.

For his part, Martinez affirmed, “The desire of his government and the international community for the progress and prosperity of Iraq by providing support to it in all fields,” pointing out that “many Spanish companies have a desire to invest in Iraq and benefit from their expertise in the industrial, agricultural, health, roads and bridges fields.”


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