Iraqi News Highlights Tuesday Evening 3-7-23
Tlm724 Administrator Bondlady’s Corner
An Economist For / NINA / The Imposition Of Customs Duties On Imported Goods Will Reflect Positively On The National Industry
Tuesday 07 March 2023 08:15 | Economical Number of readings: 403 Baghdad / NINA / – The expert in economic affairs, Raad Twij, confirmed that imposing customs protection on imported goods similar to some national industries will reflect positively on the national industry.
Twigg said in a statement to the National Iraqi News Agency ( NINA ) that “imposing customs duties in the recent decisions of the Council of Ministers on imported goods similar to some national industries will contribute to a significant development in protecting the local product from foreign competition, and this type of trade policy, if it is written for continuity, And expansion will localize industries locally.”
He pointed out that “customs duty on imported goods similar to local goods will work to stimulate the industrial movement of the Iraqi private sector, and this approach will be appropriate to replace foreign goods with local goods, an abundance of financial resources, an improvement in the business environment in Iraq, and more job creation.”
The recent cabinet sessions witnessed several decisions, the most important of which was the imposition of customs duties on some imported goods and services similar to some local industries./ End 8 https://ninanews.com/Website/News/Details?key=1038806
“It Reaches 170 Trillion Dinars.” New Details Of The 2023 Budget
Money and business Economy News – Baghdad The Finance Committee in the House of Representatives expected, on Tuesday, the volume of oil revenues in the 2023 budget, the final spending figure, and the amounts of its operational and investment budget, according to the new exchange rate.
Committee member Mueen Al-Kazemi said, “A committee from the Ministry of Oil set the price of a barrel in the budget at a ceiling of 65 dollars, and the exchange rate of the dollar at 1,300 dinars, and on this basis we expect that oil revenues will be 135 trillion dinars, in addition to other revenues from collection and other files, to reach the budget.” To 170 trillion dinars, and this is a reasonable number, but the government aspires to reach 200 trillion dinars.
He explained, “The size of the expected operating budget will be 90 trillion dinars, and the investment budget 80 trillion to feed important projects in the fields of health, education, electricity, and financing the Faw Grand Port and the Dry Canal projects.”
He pointed out, “The region’s percentage of the budget, if it accepts the delivery of clear statements of its revenues from oil, taxes, and border crossings, could exceed 12%.”
Al-Kazemi added, in an interview with the official news agency, that “the House of Representatives hopes that the budget will arrive this month, and the parliament and the Parliamentary Finance Committee will devote themselves to discussing and approving the budget after its arrival.”
https://economy-news.net/content.php?id=32811
The Rise In Dollar Exchange Rates In Morning Trading
Tuesday, March 7, 2023 11:27 am The National News Center publishes the exchange rates of the dollar against the Iraqi dinar on a daily basis, according to the variables of the currency exchange market in the capital, Baghdad, and the provinces of the country.
in Baghdad: The selling price of the dollar is 158 per 100 dollars The purchase price of the dollar is 156 for every 100 dollars
in the north: The selling price of the dollar is 158,250 for every 100 dollars, thus increasing the price by 1,500 dinars from yesterday. The purchase price of the dollar is 157,250 per 100 dollars
in the south: The selling price of the dollar is 158,000 for every 100 dollars, which brings the price up by 1,500 dinars from yesterday. The purchase price of the dollar is 157,000 per 100 dollars.
It is noteworthy that exchange rates fluctuate and rise on a daily basis, after declining about two weeks ago against the backdrop of government measures. https://nnciraq.com/191343/
High Oil Prices In World Markets
Economy| 10:09 – 07/03/2023 Follow-up – Mawazine News Oil prices rose, in trading today, Tuesday, and this comes at a time when expectations about medicine and supply of crude in the markets vary.
By 09:26 Baghdad time, US West Texas Intermediate crude futures rose 0.20% to $80.62 a barrel.
While Brent crude futures rose 0.22% to $86.37 a barrel, according to Bloomberg agency data. Ended
https://www.mawazin.net/Details.aspx?jimare=221184
The Ministry Of Planning Is Discussing With The European Union The Support Of Iraq In Joining The World Trade Organization
Monday 06 March 2023 22:25 | Economical Number of readings: 390 Baghdad / NINA / – The Ministry of Planning discussed with the European Union, supporting Iraq in joining the World Trade Organization.
The ministry said in a statement that “within the framework of joint cooperation between the Ministry of Planning, the European Union and the International Trade Center, the Department of International Cooperation held today a joint meeting with the director of the Savvy project funded by the European Union, Eric Bouchot.”
Saher Abdul-Kadhim Mahdi, Director General of the Department, who chaired the meeting, said,
“Among the issues discussed during the meeting, the role of the Savi project in supporting Iraq to join the World Trade Organization,
as well as discussing the project’s progress report and the challenges facing the project and reviewing the observations of the sectoral ministries partnering with the project.”
He explained that the meeting also discussed notes on a draft memorandum of understanding between the International Trade Center and the Ministry of Planning. / End
https://ninanews.net/Website/News/Details?key=1038815
Al-Sudani Requests The Assistance Of The European Parliament In Recovering The Looted Iraqi Funds
Mar 6 15:41 Information / Baghdad.. On Monday, Prime Minister Muhammad Shia al-Sudani called on the European Parliament to help Iraq recover its looted funds and arrest those wanted by the Iraqi judiciary.
“Iraq follows a balanced policy in international relations,” Al-Sudani said in a statement received by Al-Malooma on the sidelines of his reception of the European Parliament delegation, appreciating “the European Union’s stances towards Iraq at various stages.”
He pointed to “the importance of international efforts supporting Iraq in implementing its government program, and providing assistance in the field of recovering looted funds and those wanted by the Iraqi judiciary.”
For their part, the members of the European delegation affirmed “their support and support of their countries for the Iraqi efforts in the field of reform,” expressing
“the serious European desire to forge a partnership with Iraq that flows into the path of sustainable development and common interests.”
The meeting witnessed “a presentation of the overall Iraqi-European relations, ways of developing them in various aspects of joint cooperation, and discussions on mechanisms to enhance Iraq’s capabilities in facing economic challenges and the effects of climate change.” Ended/25 h
https://almaalomah.me/news/politics/السوداني-يطلب-مساعدة-البرلمان-الأوروبي-في-استرداد-الأموال-ال
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