Tlm724 Administrator Bondlady’s Corner
Governor Of The Central Bank Hosted By Parliament Tomorrow
Iraq Saturday, August 26, 2023 9:23 PM Baghdad / National News Center Governor of the Central Bank hosted by Parliament tomorrow https://nnciraq.com/223583/
A Slight Decline In Dollar Prices In Baghdad With The Closing Of The Stock Exchange
Economy Saturday, August 26, 2023 4:12 PM Baghdad / The National News Center The prices of the US dollar decreased against the Iraqi dinar, today, Saturday, in the Baghdad markets, with the closing of the stock exchange.
The correspondent of the National News Center said, “The dollar prices decreased with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, to record 152,800 Iraqi dinars against 100 dollars, while the prices this morning were 153,000.”
He added, “The selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 153,250 dinars, while the purchase price reached 152,500 dinars for every 100 dollars.” https://nnciraq.com/223539/
Nearly A Billion Dollars In Iraqi Central Sales During The Past Week
Saturday 26 August 2023 14:49 | Economical Number of readings: 217 Baghdad / NINA / – The Central Bank of Iraq’s total sales of US dollars during the past week amounted to about one billion dollars.
A bank statement stated, “The central bank sold during the past week, and for the five-day period in which the auction opened, 980 million, 899 thousand and 248 dollars, at a daily rate of 196 million 179 thousand and 849 dollars, up by 0.22% from what was recorded in the previous week, which amounted to 195 million 739 thousand and 862 dollars.
The highest dollar sales were on Thursday, when sales amounted to 198,800,354 dollars, while the lowest sales were on Monday, when sales amounted to 190,408,102 dollars.
Over the past week, sales of foreign remittances amounted to 805,777,248 dollars, an increase of 78% compared to cash sales, which amounted to 175 million and 122 thousand dollars.
He explained, “The sales went in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits amounts and international settlements for electronic cards amounted to 1305 dinars per dollar, while the selling price of remittances abroad and the cash sale price amounted to 1310 dinars per dollar.” https://ninanews.com/Website/News/Details?key=1073387
Oil Records Losses For The Second Week In A Row
Energy Economy News – Baghdad Oil prices incurred losses for the second week in a row, despite their rise in the Friday session by about 1 percent, recording the highest level in a week, supported by the increase in US diesel prices, the decrease in the number of oil drilling rigs, or the outbreak of a fire at a refinery in Louisiana.
Meanwhile, US Federal Reserve Chairman Jerome Powell said that the flexibility of the US economy may prompt the Fed to apply more interest increases in the coming period, noting that the US economy, the largest economy in the world, is growing more than expected, and that the spending method For consumers accelerating, trends that could keep inflationary pressures going in the country.
He also reiterated the Fed’s determination to keep the key interest rate high until price increases (inflation) are brought down to the US central bank’s 2 percent target.
Higher interest rates could slow economic growth and reduce demand for oil. A stronger dollar could make oil more expensive for holders of other currencies, negatively affecting demand.
Price action
Brent crude futures increased by about $1.12, or 1.34 percent, to settle at $84.48 a barrel, but incurred a weekly loss of 0.38 percent.
US West Texas Intermediate crude also rose 78 cents, or 0.99 percent, to settle at $ 79.83 a barrel, on the other hand, it recorded a weekly loss of more than 1 percent.
Throughout the month, oil prices are still on their way to record monthly gains.
Views 32 Added 08/26/2023 – https://economy-news.net/content.php?id=35901
Minister Of Housing To / NINA /: International Companies Will Implement New Cities Projects With This Mechanism
Saturday 26 August 2023 16:41 | Economical Number of readings: 408 Baghdad / NINA /- The Ministry of Housing and Construction revealed a mechanism for opening bids for competing companies to implement new cities in the governorates.
The head of the new cities team, Minister of Housing, Bankin Rikani, stated, in a statement to the National Iraqi News Agency ( NINA ), that “the new residential cities in the governorates will be implemented by solid international companies, and they will be in stages, the large cities will have four stages, and the smaller ones will be in one stage.” But in total, the first phase of all new cities will be completed within two years.
He explained, “Tens of thousands of housing units will be implemented according to different levels of vertical and horizontal construction, as well as vertical and horizontal construction in large, medium and small degrees and areas, which makes them provide suitable housing for all segments of society.”
He added, “There are joint technical committees from the Ministry of Housing, the Investment Authority and the governorates that will study the bids of competing companies to choose the best of them,” noting that “the competent ministerial team has developed technical, financial and legal criteria for referring bids to competing companies,
which we are keen to be financially secure, because Most of the investment projects during the previous era failed due to the investor’s inability to finance,
and for this reason in the new cities projects, the identity of the project investor will not be announced before he presents support and guarantees his financial solvency and possession of cash liquidity that secures the work in full.
Last week, the capital, Baghdad, witnessed the official announcement of opening Tenders for the first phase of the project for the implementation of new residential cities in the governorates of (Baghdad, Holy Karbala, Anbar, Babylon, and Nineveh). https://ninanews.com/Website/News/Details?key=1073425
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