Wednesday Early AM Iraq Economic News Highlights 9-14-22
A New Drop In Oil Prices And Brent Below $ 93
Economie 2022-09-14 | 03:47 360 views Alsumaria News – Economy Oil prices continued to decline today, Wednesday, under pressure, after US data showed a rise in inflation by a higher rate than expected, which reinforced fears of a significant increase in the US interest rate next week.
By 09:41 AM Moscow US West Texas Intermediate crude futures fell 0.07% to $87.25 a barrel.
Meanwhile, Brent crude futures fell 0.19% to $92.88 a barrel, according to website data. Bloomberg”.
The oil market was under pressure after the consumer price index rose in United State Unexpectedly last August, which supported the dollar’s rise and dispelled hopes that the US Federal Reserve may reduce the pace of interest rate hikes in the coming months, putting pressure on oil priced in the US currency. LINK
https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/432218/%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%AC%D8%AF%D9%8A%D8%AF-%D8%A8%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%A8%D8%B1%D9%86%D8%AA-%D8%AF%D9%88%D9%86-%D8%A7%D9%84%D9%8093-%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D8%A7%D9%8B
Iran Expects To Achieve $10 Billion In Joint Trade With Iraq By
Article at link https://baghdadtoday.news/ar/news/200470/A
Low Dollar Exchange Rates In Iraq
Economie 2022-09-14 | 04:08 1,836 views Alsumaria News – Economy Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets on Wednesday.
The selling prices of the dollar were 147.850 dinars per 100 dollars, while the purchase prices of the dollar were 147.750 dinars per 100 dollars. LINK
The Dollar Depreciates Against The Iraqi Dinar
Economie| 11:02 – 09/14/2022 Baghdad – Mawazine News, the exchange rates of the US dollar fell against the Iraqi dinar, today, Wednesday, on the local stock exchange.
And the selling prices were 148,250 Iraqi dinars per 100 US dollars, while the purchase prices were 147,500 Iraqi dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=205428
The Federal Interior Ministry Announces A Project To Twin The Electronic Passport And The National Card
Iraq 11:10 – 09-14 2022 Today, Wednesday, the Ministry of Interior confirmed that the process of issuing the passport is continuing, while it announced a project to twin the electronic passport with the national card in light of the tendency to leave the paper passport.
The director of Al-Kadhimiya Passports, one of the departments of the Ministry of Interior, Brigadier Fadel Kamel, said that “the process of issuing passports is continuing,” stressing that “the transaction does not exceed 72 hours and there is no stopping the issuance of passports.”
He added, “The issuance of the passport for humanitarian cases is on the same day,” noting that “there is a possibility to go to a residence for a citizen or a hospital if he is lying down and is unable to reach the passport issuance department in order to complete his transaction.”
Regarding the electronic passport, he stressed, “The electronic passport will be issued in the coming period and will be of a very high technology,” noting that “the procedures for the electronic passport were initiated, with the efforts of the senior agent, the General Director of Nationality and the Director of Passport Affairs, and there is hard work on this issue.”
He pointed out that “there is a project that includes the twinning of the electronic passport after its issuance and the national card in the context of efforts to leave the paper passport.”
https://kirkuktv.net/AR/Details/8898
OPEC Reveals Iraq’s Oil Production During August
Economie| 10:09 – 14/09/2022 Baghdad – Mawazine News, OPEC revealed the rate of increase in Iraq’s production of crude oil, which amounted to only two thousand barrels per day in August, indicating an increase in oil production of the 13 member countries of the Organization of Petroleum Exporting Countries by about 618 thousand barrels per day during the month of August, to reach 29.651 million barrels daily with support for increased supplies from ten countries.
According to the monthly report of the Organization of the Petroleum Exporting Countries, the largest increases came from Libya, as its oil production rose by 426,000 barrels per day, to reach 1.123 million barrels per day, followed by Saudi Arabia, which recorded an increase of 160 thousand barrels per day, and then Kuwait, with an increase of 37 thousand barrels per day.
An increase was from Iraq’s share, as its production increased by only two thousand barrels per day to reach 4.525 million barrels per day,” noting that “the increase in Iraq’s oil production rose by 60 thousand barrels per day from the same period in 2021.”
As the report indicates, the largest drop came from Nigeria, where shipments decreased by 65 thousand barrels per day, bringing its production to 1.100 million barrels per day, followed by Equatorial Guinea by 9 thousand barrels per day, and then the Congo by one thousand barrels per day.
https://www.mawazin.net/Details.aspx?jimare=205423
Parliamentary Agriculture Warns Of The Dangerous Drought Stage That Iraq Has Reached
Iraq 16:20 – 09-13-2022 The head of the Parliamentary Agriculture Committee, Thaer al-Jubouri, confirmed today, Tuesday, that the stage that Iraq has reached now of drought and desertification is fatal for Iraqis.
Al-Jubouri said, “The Ministry of Water Resources decided to use submersible water storage that contains a high percentage of pollutants,” stressing that “Iraq’s water storage will soon run out due to the large amount that Iraq needs to cover the water shortage in the Tigris and Euphrates rivers.”
He added, “Iraq now needs radical solutions, which lie in working to release Iraq’s water quotas that Turkey controls through the dams that have been built, the last of which is the Al-Jizrah Dam.”
https://kirkuktv.net/AR/Details/8891
Planning: The Population Census Project Is In Place And Will Not Be Affected By The Absence Of The Budget
Iraq 10:56 – 09-14 2022 Planning: The Ministry of Planning confirmed that the population census project is in place and will not be affected by the absence of the budget.
Ministry spokesman Abdul-Zahra Al-Hindawi said that the population census project is on schedule in the last quarter of the year two thousand and twenty-three, and an amount of one hundred and twenty billion dinars has been allocated to it within the investment program, according to last year’s budget.
He added, that the Financial Management Law for the year two thousand and nineteen approved that investment projects continue according to the percentages of completion and therefore the project of the general census of the population is continuous and existing and will not be affected by the delay or absence of approving the budget for the year two thousand and twenty-two.
He explained that the High Census Authority has set the date for implementing the population census in the last quarter of next year, according to what is planned. https://kirkuktv.net/AR/Details/8897
