Bondlady’s Corner

Iraqi News Highlights Wednesday Evening 3-8-23

Tlm724 Administrator Bondlady’s Corner

Over $223 Million Central Bank Sales At Auction Today

Economy| 11:53 – 08/03/2023   Baghdad – Mawazine News  Central Bank sales of dollars increased in an auction today, Wednesday, to record more than 223 million dollars.

Iraqi Trade Bank: Calculating The Exchange Rate Of 1320 Dinars For Currency Conversion Operations

Economy| 06:21 – 08/03/2023   Iraqi Trade Bank: Calculating the exchange rate of 1320 dinars for currency conversion operations

Oil Prices Rose After The Decline In US Inventories

Wednesday 08 March 2023 08:43 | Economical Number of readings: 310  Baghdad / NINA / – Oil prices rose slightly in early Asian trading today, Wednesday, as industrial data showed a decline in US crude oil inventories, after the market fell in the previous session, amid fears that a sharp increase in US interest rates would hurt demand.

Brent crude futures for April were up 15 cents at $83.45 a barrel by 04:20 GMT.

US West Texas Intermediate crude futures rose 3 cents to $77.61 a barrel.

Supporting the market on Wednesday, data from the American Petroleum Institute showed that US crude inventories fell by about 3.8 million barrels in the week ending March 3, according to market sources.

Gasoline stocks increased by about 1.8 million barrels, while distillate stocks rose by about 1.9 million barrels, according to the sources, who asked not to be identified.

Both Brent and WTI fell more than 3% on Tuesday after US Federal Reserve Chairman Jerome Powell said the central bank would likely need to raise interest rates more than expected in response to the recent strong data./End 8 For more news, subscribe to our Telegram channel

Barzani: The Atmosphere Is Positive For Resolving The Differences Between Baghdad And Erbil

01:49 – 08/03/2023   Baghdad – Mawazine News  The President of the Kurdistan Region, Nechirvan Barzani, confirmed, on Wednesday, the availability of a positive atmosphere for dialogue between Erbil and Baghdad to resolve differences and outstanding issues.

And the Kurdistan Regional Presidency stated in a statement, which Mawazine News received a copy of, that “Barzani received German Foreign Minister Analina Berbock, who is currently visiting the city of Erbil.”

Barzani, according to the statement, thanked “Germany for the German military, humanitarian and political support for Iraq and the Kurdistan region,” stressing that “the threats of terrorism are still ongoing, so Iraq and the Kurdistan region need to continue to support the United States and the international community.”

For her part, Birbock stressed that “Germany views importance on its relationship with Iraq and the Kurdistan region and the consolidation of peace and political and economic stability in them. In this regard.”

She pointed to “the importance of implementing the agreement concluded between the Kurdistan Regional Government and the Iraqi federal government to normalize the situation in Sinjar, which will lead to the return of the displaced to their homes and the reconstruction of the region.”

The relations between Erbil and Baghdad were another focus of the meeting, as Barzani indicated that “there is a positive atmosphere between the two sides to resolve differences, in addition to the existence of strong coordination between the Iraqi forces and the Peshmerga forces to confront ISIS.”

The relations of Iraq and the Kurdistan region with neighboring countries, the situation of the displaced and refugees in the region, the situation of Sinjar and the Yazidis in general, and some issues of interest were another focus of the meeting. Barzani thanked Germany for its support and cooperation with the Yazidis, and defining what they were subjected to as a crime of genocide In the German parliament, according to the statement.

Government Spokesperson: Austin’s Visit To Baghdad Was Announced And Not Surprising

Political | 03:33 – 08/03/2023  Baghdad – Mawazine News, the government spokesman on behalf of Al-Awadi confirmed today, Wednesday, that the visit by US Secretary of Defense Lloyd Austin to Baghdad was with the knowledge and approval of the government, while he made it clear that Austin carried a message from the US President to support the stability of Iraq.

Al-Awadi said in a statement to the official agency, followed by Mawazine News, that “the visit that US Secretary of Defense Lloyd Austin made to Baghdad yesterday, Tuesday, was announced, with the knowledge and approval of the government, and it is not surprising,” noting that “the American side that informed us about it about A week from the date of the visit, as is the case in the protocol contexts.

He added, “The meeting of Prime Minister Muhammad Shia’ al-Sudani with the US Secretary of Defense discussed the development of prospects for strategic cooperation between the two countries,” noting that “Austin carried a message from US President Joe Biden to the Iraqi leadership in which he hopes that Iraq will be stable and calm, away from any disturbance.”

He noted that “the basic principle that the Commander-in-Chief of the Armed Forces, Muhammad Shia’ al-Sudani, indicated more than once is that Iraq does not need any external combat forces, and that cooperation efforts must focus on training, development and intelligence cooperation with files to combat the remnants of ISIS.”

He pointed out that “the prime minister affirmed that the government’s approach is a policy of moderation and balance between axes in accordance with the principle of mutual respect for sovereignty and work to promote common interests.”

Prime Minister Muhammad Shia al-Sudani affirmed, during his meeting with US Secretary of Defense Lloyd Austin, yesterday, Tuesday, the government’s keenness to strengthen relations with the United States of America, while Luston indicated his country’s commitment to supporting the stability of Iraq, and looking forward to consolidating relations between the two countries and developing their partnerships in various fields.


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