BondLady’s Corner

TLM724 Administrator BondLady’s Corner

Saudi Arabia First And Iraq Fourth..The Largest Arab Economies In 2021

Monday 26 July 2021 13:34 | Economic Number of readings: 331 Baghdad / NINA / – The American magazine “Forbes” published a classification of the most powerful Arab economies for the year 2021, where Saudi Arabia ranked first in the classification.

According to the report recently published by the magazine, Saudi Arabia took the lead, amid expectations that its gross domestic product at current prices would reach $804.9 billion by the end of 2021.

The UAE came in second place, with its gross domestic product recording in 2021 a level of $401.5 billion, followed by Egypt, With its GDP expected to reach $394.3 billion.

It is noteworthy in the report that the UAE advanced one place in 2021 from its classification last year, and the UAE has advanced over Egypt in this year’s classification.

Egypt has fallen one place to third in the Arab world this year, with its GDP expected to reach $394.3 billion, compared to $361.8 billion in 2020.

And in the fourth place for the year 2021, Iraq ranked, with expectations of its gross domestic product reaching 190.7 billion dollars, while Qatar came in fifth place, with its gross domestic product reaching 166 billion dollars this year./End of 9   https://ninanews.com/Website/News/Details?key=917784

Low Dollar Exchange Rates In Local Markets

Market  Economy News _ Baghdad   On Monday, the dollar exchange rates continued to decline in local markets.

The selling price of the dollar reached 148,000 dinars per $100, while the purchase prices settled at 147,000 dinars per $100.

The Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar. Views 105 Date Added 07/26/2021   https://economy-news.net/content.php?id=25779

The Stock Exchange Traded 646 Million Shares In Monday’s Session

Stock  market. “Economy News”  Market  Economy News – Baghdad  The Iraqi Stock Exchange (the Stock Exchange), on Monday, traded more than 646 million shares, worth 686 million dinars.

The price index rose by 0.71%.

Babylon Bank Company topped the gaining companies, while Al Khair Financial Investment Company topped the losing companies.

In turn, foreign investors sold 11 million shares, worth 65 million dinars, after executing 199 deals on the shares of 4 companies.  Views 77 Date Added 07/26/2021   https://economy-news.net/content.php?id=25787

The Central Bank’s Hard Currency Sales Amounted To $228 Million

Economie| 04:46 – 26/07/2021  Image  Baghdad – Mawazine News  The Central Bank of Iraq’s sales of hard currency continued to rise, reaching $228 million, on Monday.

Today, the Central Bank’s auction for buying and selling foreign currencies witnessed a decrease in its sales by 0.44% to reach 228 million and 680,588 US dollars, covering it at a base exchange rate of 1460 dinars per dollar.

The purchases amounting to 170 million and 390 thousand and 588 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 58 million and 290 dollars went in cash.

And 32 banks fulfilled requests to enhance balances abroad, and 22 banks to meet cash requests, in addition to the participation of 14 exchange companies. https://www.mawazin.net/Details.aspx?jimare=161760

“The Iraqi President Dissolves The Parliament And The Government.” Copying The Tunisian Experience Is “A Fantasy”

Political  Monday 26 July 2021 | 11:34 am| Number of readings: 83  On Monday, the State of Law coalition commented on the possibility of repeating the “Tunisia experience” in Iraq, through the president’s dissolution of the legislative (parliament) and executive (government) authorities and the imposition of political and security decisions .

And Tunisian President Kais Saied decided, yesterday evening, Sunday, to freeze all the powers of the House of Representatives, lift the immunity of all members of Parliament, relieve Prime Minister Hisham Al-Mashishi from his position and dissolve his government .

After Said announced these decisions, thousands of Tunisians went out to celebrate in the streets, as Tunisian public opinion is angry at the differences between the parties in Parliament, and the conflict between Ghannouchi and Michichi, and between President Said, which led to a state of paralysis .

In this regard, the leader of the State of Law coalition, MP Kata’ Al-Rikabi, said that “what happened in Tunisia cannot happen in Iraq, for political, legal and constitutional reasons .”

Al-Rikabi explained, “On the political level, it is not possible that the rule in Iraq is a joint rule between all political parties, and the time of coups is over and it cannot be restored in Iraq .”

He continued, “Governance in Iraq is parliamentary, not republican, and that is why the President of the Republic in Iraq does not have the powers to dissolve parliament and the government, without the parliament’s vote on that, and for this talk about the possibility of transferring Tunisia’s current experience to Iraq, something is not difficult, rather it is very impossible.”  https://aynaliraqnews.com/index.php?aa=news&id22=150076