Iraqi News Highlights Sunday Afternoon 5-28-23
Tlm724 Administrator Bondlady’s Corner
Ministry Of Oil: Last Month’s Revenues Amounted To More Than $7 Billion
Economy| 03:18 – 05/28/2023 Baghdad – Mawazine News The Ministry of Oil announced today, Sunday, the final statistics of oil exports for the month of April and the revenues generated from them.
The ministry said in a statement, a copy of which Mawazine News received, that “the total exports of crude oil for the month of April, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), amounted to (98) million and (634) thousand and (947). ) barrels, with revenues amounting to (7) billion and (699) million and (272) thousand dollars.
And she added, “The total exported quantities of crude oil for the month of April from the oil fields in central and southern Iraq amounted to (98) million and (634) thousand and (947) barrels,” noting that “the average price per barrel amounted to (78,058) dollars.” .
It stated that “the exported quantities have been loaded by (36) international companies of several nationalities, from the ports of Basra, Khor al-Amaya, mono-buoys on the Gulf, the Turkish port of Ceyhan and the modern warehouse of Kirkuk.”
It is noteworthy that the Ministry of Oil, through its belief in informing the people of the export operations and the revenues generated from them, took this monthly procedure. Ended 29 / M99
https://www.mawazin.net/Details.aspx?jimare=227850
Sudanese Advisor: Iraq Is One Of The Countries With Moderate Prices Compared To Other Countries
Political | 01:13 – 05/28/2023 Baghdad – Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Sunday, that Iraq is currently one of the countries with moderate prices compared to countries in the world, according to International Monetary Fund data, while revealing the percentage of support in the budget.
Saleh said, “The subsidy in the federal budget, which will remain at approximately 13% of the gross domestic product, is the important control factor assumed by fiscal policy in combating inflationary activities resulting from government spending, which constitutes about 50% of the country’s GDP as well.”
He added, “The subsidy mainly consists of the stability of originally subsidized fuel prices, electricity and all other basic government services, and it is no secret the important and fundamental role that monetary policy will play in controlling liquidity levels by using its quantitative and price operational objectives in controlling aggregate spending pressures or effective demand, whether by performance.”
The stable exchange rate and the role of the foreign currency window in absorbing demand in the Iraqi dinar or by using financial tools launched by the central bank when needed by using the interest tool to control the money supply and target its growth degrees in the range required to stabilize the general level of prices.
He pointed out, “The combined role of monetary and fiscal policies will undoubtedly work in addressing potential inflationary pressures resulting from aggregate demand or aggregate spending in the economy, as public budget spending is the main source of demand or spending.”
And Saleh continued, “According to the International Monetary Fund data, Iraq is currently one of the moderate-priced countries compared to other countries of the world,” according to the official agency.
https://www.mawazin.net/Details.aspx?jimare=227843
Parliamentary Legal: It Is Hoped To Start Discussing The Oil And Gas Law After Approving The Budget
Political | 11:32 – 05/28/2023 Baghdad – Mawazine News, a member of the Parliamentary Legal Committee, Aref Al-Hamami, confirmed today, Sunday, that the approval of the oil and gas law has become mandatory.
Al-Hamami said, “The oil and gas law was agreed upon politically before the government’s approval, as the state administration coalition agreed in principle to approve the oil and gas law, in addition to the decision of the Federal Court and the International Court of Arbitration not to deliver any amount to the Kurdistan region.”
Al-Hamami added, in an interview with the official news agency, that “the central government and the region are obligated to approve the oil and gas law, and it is hoped to start discussing it after the budget.” https://www.mawazin.net/Details.aspx?jimare=227840
The World Bank: The Establishment Of The Central Bank Of Iraq As A Private Bank For Very Small Projects Is A “Good Step”
Economy News – Baghdad Director of the Finance Department in Eastern Countries at the World Bank Group, Iran Astrakhan:
– The Central Bank’s establishment of a private bank for very small projects is a good step
– Such a bank was established in Europe and many countries
– A complex problem in lending and there is no magic solution
– Reforming the Iraqi banking sector means that there will be fair competition for private banks with government banks, and for the citizen to choose the appropriate service for him
– There is a review of the quality of government banks, and we do not expect government banks to disappear and their role, but rather to restructure them and work with private banks
– There is a lack of trust between the banking sector and the people, and there is a good incentive to pay employees’ salaries by opening bank accounts
Financial inclusion is one of our projects
– We are working with the Central Bank to prepare a strategy for financial inclusion, and during this visit we have some projects with the private sector and the government
Views 161 Added 05/28/2023 -https://economy-news.net/content.php?id=34442
The Minister Of Commerce Confirms That The Government Is Working To Support Openness To The Regional And International Environment To Provide An Investment Environment
Sunday 28 May 2023 14:30 | Economical Number of readings: 183 Baghdad / NINA / – The Minister of Commerce, Atheer Al-Ghurairy, affirmed that “the government is working through its governmental program to support openness to the regional and international environment, and strive to provide an investment environment and establish real partnerships in various economic fields. The Ministry of Commerce said in a statement, “The Minister of Commerce, Atheer Al-Ghurairy chaired
today On Sunday, a meeting of members of the Iraqi side in the joint Iraqi-Korean committee for its ninth session to discuss a draft joint report of the Iraqi ministries and sectoral authorities, which is being prepared during the discussions with the Korean side regarding the consolidation of economic, commercial, scientific, artistic and cultural relations between the two countries, stressing that the meeting discussed preparing a working paper for the Iraqi side for the purpose of presenting it On the Korean side, in the meetings of the committee chaired by the Minister of Commerce, to be held during the next month.
The statement added, “During the meeting, views were exchanged on the proposals and observations made by the attendees for the purpose of crystallizing them and including them in the Iraqi side’s paper. The statement indicated,
“The Iraqi working paper included cooperation in the fields of economic, financial, industrial, agricultural, water resources, communications, information technology, infrastructure, transportation, and planning. And reconstruction, sea and air transport, ports, civil aviation and railways, foreign, cultural, scientific, artistic and sports affairs, health, social and environmental care, electric energy, oil and investment, and other common topics for all ministries https://ninanews.com/Website/News/Details?key=1056212
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