Iraqi News Highlights Wednesday Evening 11-16-22
Tlm724 Administrator Bondlady’s Corner
Fearful: The Central Bank Played A Role In Progress And Development
Economie| 09:38 – 11/16/2022 Baghdad – Mawazine News The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, confirmed, on Wednesday, that the Central Bank of Iraq played roles in progress and development and was one of the engines of high-end institutional work.
In a statement received by Mawazine News, Makhaif said, “Today marks the seventy-fifth anniversary of the founding of the Central Bank of Iraq, when the National Bank of Iraq was born on these days of the year 1947, to begin a triumphant march of monetary authority in our country.”
And he continued, “This birth, which our people reaped its fruits with honorable work, was an example of an institution belonging to its country, playing roles in progress and development, and one of the engines of noble institutional work.”
He added, “We are not the only ones who are proud of the Central Bank of Iraq, but our people, our institutions, and our banking sector are proud of this sumptuous national fruit in its giving, performance, and sustainability of its efforts.” https://www.mawazin.net/Details.aspx?jimare=211404
SOMO: Efforts To Increase Production Rates And Raise The Ceiling Of Oil Exports
Energy Economy News – Baghdad The Oil Marketing Company (SOMO) determined, on Wednesday, the current volume of Iraq’s total oil production, and while it revealed plans to compensate for the production cut, it indicated that it is seeking to raise the ceiling of oil exports.
The director of the company, Alaa Al-Yasiri, said in an interview with the official news agency, that “Iraq currently produces 4 million and 650 thousand barrels per day of crude oil, including the shares of the federal government and the Kurdistan region,” noting that “Iraq is the second largest producer in OPEC after Saudi Arabia, and it has its weight major energy market.
Al-Yasiri added, “Given the economic repercussions in which the world is living after the Corona pandemic, represented by the sharp rise in inflation rates, the increase in interest rates for global central banks, and the rise in unemployment rates, the OPEC + decision came to reduce production by two million barrels per day, as a preemptive solution to any path that might happen.” lead to an imbalance in supply and demand or push towards an economic recession.
He pointed out that “the rates of reduction agreed upon by OPEC + were distributed unanimously to the reference production rates of the member states, and countries with high production rates such as Saudi Arabia and Russia received the largest share of the reduction, followed by countries with lower rates, respectively.”
He pointed out that “the Ministry of Oil’s plan confirms commitment to the production ceiling specified for Iraq by maintaining the current rates of export and consumption of refineries, and benefiting from the maintenance period of electric power stations, on the basis of which the withdrawal rates of crude oil will be automatically reduced to operate those stations.”
And he continued, “The Ministry of Oil seeks to increase production rates and raise the ceiling of exports, in accordance with the requirements of the global market for crude oil and the decisions of OPEC,” pointing out that “a delegation headed by the Deputy Prime Minister and Minister of Oil will attend the ministerial meeting on the fourth of December for the current year.” To discuss developments in the energy market and to find continuous cooperation mechanisms to maintain the stability of the oil market. Views 42 Added 11/16/2022 – 4:15 PM Updated 11/16/2022 – 5:36 PM
https://economy-news.net/content.php?id=30838
Britain Affirms The Continuation Of Supporting Iraq In The Fields Of Renewable Energy And Investment
Arab and international Economy News – Baghdad Prime Minister Muhammad Shia al-Sudani and British Foreign Secretary James Cleverly affirmed, on Wednesday, constructive cooperation between Iraq and Britain.
The Prime Minister’s media office said in a statement that “Prime Minister Muhammad Shia’a al-Sudani received a phone call from British Foreign Secretary James Cleverly.”
The statement added, “The call witnessed discussion of consolidating bilateral relations between the two countries, and emphasizing constructive cooperation, in light of the ongoing partnership between Iraq and the United Kingdom, and in a way that enhances the interests of the peoples of the two countries.”
He continued, “During the call, reference was made to Iraq’s pioneering role in the region, its efforts in combating terrorism, and affirmation of the British government’s commitment to continue supporting the Iraqi government in the economic and security fields, combating terrorism, and in the areas of renewable energy, investment, and combating the effects of climate change.”
Views 78 Added 11/16/2022 – 3:57 PM Updated 11/16/2022 – 5:30 PM
https://economy-news.net/content.php?id=30837
The dollar continues to rise in the local markets
Economie| 09:46 – 11/16/2022 Baghdad – Mawazine News The exchange rates of the dollar rose today, Wednesday, on the Iraqi Stock Exchange. Selling price: 148,450 dinars per 100 dollars Buying price: 148,350 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=211405
Minister of finance: the government has a direction to make a package of economic reforms
Information / Baghdad… Finance Minister Taif Sami stressed on Wednesday that the government is determined to proceed with a package of economic reforms, appreciating the role played by the World Bank in supporting the reform directions implemented by the new government.
The Ministry of Finance said in a statement received /information/, that
“Minister of Finance Taif Sami received, today, at the ministry’s headquarters, the regional director of the World Bank for the Middle East John Kristof and his accompanying delegation,” indicating that
“during the meeting, mechanisms were discussed to strengthen cooperation and bilateral partnership between the two sides in various fields,
in line with the vision of the Iraqi government aimed at benefiting from all forms of international support necessary to support development and strategic projects in Iraq.
Sami appreciated “the role played by the World Bank in supporting the reform directions implemented by the new government,” noting that
“the government is determined to proceed with a package of fundamental reforms in order to provide the requirements for a balanced economic renaissance in the country.
For his part, John Kristof expressed his appreciation for “the efforts of the Iraqi government in the field of economic reform, and its ability to implement it despite the difficult challenges,” praising
“Iraqi efforts in the field of achieving regional economic integration in partnership with the rest of the region, which ultimately is in favor of strengthening the pillars of the national economy and its prosperity.
https://almaalomah.me/news/economy/وزيرة-المالية:-الحكومة-لديها-توجه-لاجراء-حزمة-إصلاحات-اقتصاد
US Report: The United Nations Does Not Spare Any Iraqi Official From Corruption.. And The Absence Of Accounting Began To “Bother” Her
616 policy 2022/11/16 21:47 Baghdad today-translation An American report on Wednesday discussed the decision of Sudanese Prime Minister Mohammed Shia to form a high Committee to combat corruption,
while pointing out the futility of these committees, which will affect only mid-level officials, stressing that the rates of corruption in Iraq began to “worry” the United Nations.
The report, which was reported by the magazine on the sixteenth of November this month and translated by (Baghdad today), said that
“the rates of corruption have become a concern for the United Nations,
especially after the scandal of stealing two and a half billion dollars of government tax funds in a corruption deal described as the deal of the century,” as she described it. The magazine stressed that
“anti-corruption operations have so far been limited to mid-level officials in the state and have not targeted any leading figure or senior official,” noting that
“it is very rare for a judicial verdict to be issued in Iraq against a person accused of corruption, regardless of the evidence against him”.
The magazine considered that “the absence of any indictment or conviction of an Iraqi official in corruption cases aroused the interest of the international community,” supplying statements to the UN envoy to Iraq during which she said,
“Frankly, no Iraqi official can claim to be free of corruption,” referring to accusations against government officials in the Iraqi authority, according to the magazine.
https://baghdadtoday.news/news/206371/تقرير-أميركي-الامم-المتح
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