Iraqi News Highlights Monday Afternoon 7-3-23
Tlm724 Administrator Bondlady’s Corner
A Demonstration For The Owners Of Exchange Companies To Amend The Policy Of The Central Bank
Monday 03, July 2023 10:51 | Economical Number of readings: 566 Baghdad / NINA / The owners of exchange companies demonstrated in front of the Central Bank of Iraq today, Monday, demanding an amendment to the bank’s policy towards their work./
https://ninanews.com/Website/News/Details?key=1062732
Oil Prices Fell Amid Fears Of A Global Economic Slowdown
Economy Monday, July 3, 2023 8:47 am Follow-up / National News Center Oil prices fell in early Asian trading, today, Monday, as fears of a global economic slowdown and the possibility of the US Federal Reserve raising interest rates were met with expectations of a reduction in supplies in light of the cuts announced by the OPEC + group.
Brent crude futures fell 20 cents, or 0.3%, to $75.21 a barrel by 0044 GMT, after settling 0.8% higher on Friday.
US West Texas Intermediate crude fell 23 cents, or 0.3%, to $70.41, after closing up 1.1% in the previous session.
Brent fell for the fourth consecutive quarter at the end of June, while WTI crude recorded a second quarterly decline as the world’s two largest economies, the United States and China, slowed in the second quarter.
Fears of a further slowdown hurting fuel demand grew after data on Friday showed that inflation in the United States was still above the central bank’s 2 percent target and raised expectations that it would raise interest rates again.
“The hawkish comments on interest rates continue to raise concerns about the demand outlook affecting prices,” National Australia Bank analysts said in a note.
Higher interest rates would strengthen the US currency, making commodities more expensive for holders of other currencies and also reduce demand for oil.
Some analysts expect reduced supplies and higher prices in the second half of the year after Saudi Arabia, the world’s top oil exporter, pledged to cut production by about 1 million barrels per day more in July while the United States gradually replenishes its strategic oil reserves.
A Reuters survey showed that OPEC’s oil production declined only slightly in June, as production increases in Iraq and Nigeria limited the impact of cuts from other producers. https://nnciraq.com/214153/
Zidan Meets The Ambassadors Of The European Union Countries And Informs Them Of The Work Of The Judiciary In The Field Of Combating Financial Corruption
Monday 03, July 2023 | political Number of readings: 447 Baghdad / NINA / – The President of the Supreme Judicial Council, Judge Faeq Zaidan, met today the ambassadors of the European Union countries in Iraq, in the presence of the head of the European Union mission.
The President of the Council briefed the ambassadors on the work of the judiciary in combating financial corruption, strengthening the principle of judicial independence, empowering women and respecting human rights.
The Chairman of the Council also called on the ambassadors to encourage foreign companies to invest in Iraq, especially with the availability of a legal environment that guarantees the rights of investors.
During the meeting, the Swedish ambassador affirmed the Swedish government’s rejection of the behavior of the so-called Silwan Momica in insulting the Holy Quran, calling for the Kingdom of Sweden and its embassy in Baghdad not to be held responsible for this event, and requested the protection of the embassy building and staff from any attack.
The President of the Council made it clear that the government and the Iraqi people are keen on the security and safety of the staff of diplomatic missions, including the mission of the Kingdom of Sweden. Indicating that the judicial procedures against this person are taking place in accordance with Iraqi law.
Zidan affirmed respect for freedom of expression in accordance with constitutional and legal standards, in a way that does not constitute an offense to religions or freedom of belief./ End 7
https://ninanews.com/Website/News/Details?Key=1062819
Dollar Exchange Rates In The Local Markets
Market Economy News _ Baghdad Al-Iqtisad News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets, for today, Monday, July 3, 2023. According to the Iraq Stock Exchange website, the exchange rates are as follows:
Baghdad Shown: 148,500 Wanted: 146,500
South Shown: 148,250 Wanted: 146,250
North Shown: 148,250 Wanted: 146,250
And the Central Bank of Iraq decided, earlier, to adjust the exchange rate of the dollar against the Iraqi dinar, as the price of purchasing a dollar from the Ministry of Finance reached 1,300 dinars per dollar and sold it at (1310) dinars per dollar to banks through the electronic platform, and sold at (1320) dinars per dollar. dollars from banks and non-bank financial institutions to the final beneficiary.
40 views 07/03/2023 – https://economy-news.net/content.php?id=34972
Al-Sudani Directs Al-Rafidain And Al-Rasheed Banks To Grant Loans To This Group
Money and business Economy News – Baghdad On Monday, Prime Minister Muhammad Shayaa al-Sudani chaired a meeting devoted to discussing and following up on the implementation of the “Riyada” initiative for development and employment, concerned with supporting students and youth groups, which was launched by al-Sudani on March 4.
In addition to the initiative team, during the meeting, the measures taken, the roles of the concerned official authorities, and the extent of progress made in this path were reviewed. Al-Sudani affirmed,
“The government’s adopted approach is committed to caring for young people and working to rehabilitate them with the aim of putting them in the labor market and providing them with the required skills and experience.”
He stressed “the need to overcome the obstacles facing young people wishing to obtain bank loans, in order to launch their own small projects, and to simplify the procedures in front of them, whether in obtaining training or in requesting loans,” stressing
“the importance of accurate targeting to give young people a real opportunity to build hope, based on the results.” their thoughts and actions.
The Prime Minister directed the Rafidain and Al-Rasheed Banks to “grant loans to young people who have completed the training courses and wish to establish their own small projects.”
The statement indicated that “the initiative team will send invitations to participate to registrants early next week, and the number of applicants for the initiative has so far reached 80,167 applicants from students, 39,581 from graduates, and 62,897 from job seekers.” Views 194 07/03/2023 – https://economy-news.net/content.php?id=34984
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