Iraqi News Highlights Wednesday Afternoon 8-23-23
Tlm724 Administrator Bondlady’s Corner
Minister Of Planning To Vice President Of The World Bank: The Policy Of Borrowing From Abroad Will Be Regulated
Political | 12:15 – 08/23/2023 Baghdad – Mawazine News Deputy Prime Minister and Minister of Planning Muhammad Ali Tamim confirmed today, Wednesday, that the policy of borrowing from abroad will be regulated. A statement by the Ministry of Planning stated, “Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, received the Vice President of the World Bank, Farid Belhadj, and his accompanying delegation, which included the Regional Director for the Mashreq Countries, Jean-Christophe Carré, and the Special Representative of the World Bank Mission in Iraq, Richard Abdel Nour.” and Advisor to the Vice President of the World Bank, Lubna Hajji.
He added, “The meeting discussed prospects for joint cooperation between the two sides in many fields, including discussing work mechanisms in the Social Fund for Development, which is run by the Ministry of Planning, and aims to implement basic service projects in villages and poor areas in various governorates.”
He pointed out that “the two sides discussed the role of the World Bank in supporting the efforts of the Iraqi government to implement development plans and policies related to achieving economic reform, in the field of automating the banking sector, and developing policies to rationalize water uses in the framework of confronting climate changes.”
The Deputy Prime Minister stated, according to the statement, that “the relationship with the World Bank is good and is witnessing tangible development in its paths,” pointing to “investing this relationship in supporting the government’s efforts to improve the level of services, and directing loans towards achieving development.”
He continued, “The policy of borrowing from abroad will be heavily regulated, directed to very urgent necessities, and of a developmental nature, not consumption.”
For his part, Belhaj expressed “the World Bank’s great desire to continue its support for Iraq in various fields, especially in the field of automation and expertise, water and agriculture, as well as infrastructure projects and services, and the Social Fund for Development, which the World Bank considers one of its most important projects.” in Iraq”. https://www.mawazin.net/Details.aspx?jimare=233755
Oil Prices Rose After US Crude Inventories Data
Economy | 10:43 – 08/23/2023 Baghdad – Mawazine News Oil prices rose slightly in trading today, Wednesday, after the American Petroleum Institute published data on the decline in black gold stocks.
And by 07:48 Baghdad time, Brent global crude futures rose by 0.13% to $84.14 a barrel, while US West Texas Intermediate crude futures rose by 0.2% to $79.8 a barrel, according to Bloomberg data.
According to data from the American Petroleum Institute, US commercial oil inventories decreased in the week ending August 18 by 2.4 million barrels.
And the statistics of the institute are estimates of the reserves, provided that the official data from the US Department of Energy will be issued later today. Ended 29 / H
https://www.mawazin.net/Details.aspx?jimare=233750
Ministry Of Oil: Last Month’s Revenues Amounted To (Cool Billion And (330) Million Dollars
Economy | 02:07 – 08/23/2023 Baghdad – Mawazine News The Ministry of Oil announced today, Wednesday, that revenues for the month of July amounted to more than 8 billion dollars, indicating that the average price per barrel amounted to (78,033) dollars.
The ministry stated in a statement, which Mawazine News received a copy of, that “the final statistics for the quantity of crude oil exports issued by the Iraqi Oil Marketing Company (SOMO) amounted to (106) million and (755) thousand and (169) barrels, with revenues amounting to ( Cool billion and (330) million and (475) thousand dollars.
She added that “the total quantities of crude oil exported for the month of July from the oil fields in central and southern Iraq amounted to (105) million and (487) thousand and (610) barrels, while the quantities exported from Qayyarah were (922) thousand and (755) barrels.” While exports to Jordan were (344) thousand and (804) barrels.
And she indicated that “the average price of one barrel amounted to (78,033) dollars,” explaining that “the exported quantities were loaded by (40) international companies of several nationalities, from the ports of Basra, Khor Al-Khabeer, the mono-buoys on the Gulf, the Turkish port of Ceyhan on the Mediterranean, and the Kirkuk warehouse.” Talking about trucking.
It is noteworthy that the Ministry of Oil, through its belief in informing the people of export operations and the revenues generated from it, took this monthly procedure. Ended 29 / H
https://www.mawazin.net/Details.aspx?jimare=233763
Signing a cooperation agreement between the Securities Commission and the International Center for Finance and Trade
Money and business Economy News – Baghdad The Chairman of the Securities Commission, Faisal Al-Haimus, and the Director General of the International Center for Finance and Trade, Saad Abdul-Qahar Al-Sheikh, signed a cooperation agreement.
The Securities Commission said in a statement, “In a strategic step aimed at supporting the Iraqi economy and enhancing cooperation between the public and private sectors, a cooperation agreement was signed today between the Securities Commission and the International Center for Finance and Trade.”
The statement indicated, “This agreement embodies the commitment of the two parties to strengthening financial investment and developing economic activities in the Kurdistan region.”
He added, “This step comes as part of a strategy to achieve sustainable development by enhancing the economic environment and expanding the investment base.”
The agreement included, according to the statement, “many objectives, including strengthening the role of the Central Bank of Iraq in supporting the initiative related to the establishment of the International Center for Finance and Trade in Sulaymaniyah, and the agreement also seeks to encourage and promote a culture of investing in securities.”
And the statement continued: “The commission and the center are working, according to the agreement, to exchange experiences and knowledge in the legal, administrative and technical fields to enhance investment activity in securities in the Kurdistan region, and to make joint efforts to attract investors and develop the climate.” Views 64 08/23/2023 https://economy-news.net/content.php?id=35839
Director Of The Rafidain Bank Stresses The Advancement And Development Of Banking Performance
Iraq Wednesday, August 23, 2023 1:00 PM Baghdad / National News Center The Director of the Rafidain Bank, Ali Karim Hussein, stressed today, Wednesday, the advancement and development of banking performance.
And the bank’s media stated in a statement received by the National News Center, that “Hussein made a field visit to the departments, corridors and departments of the bank, and during his tour he inspected the affairs of the employees, their workflow, and the obstacles that impede the progress of achievement and its development, the advancement of the level of banking performance, the introduction of modern technologies and keeping pace with global banking developments away from Red tape and bureaucracy.
The general manager of the bank stressed the need to build bridges of trust and cooperation between the official and the employee, and to consider and resolve issues in accordance with the legal frameworks and contexts. https://nnciraq.com/223079/
The Price Of The Dollar Rose In Baghdad With The Closing Of The Stock Exchange
Economy Wednesday, August 23, 2023 4:42 PM Baghdad / The National News Center The prices of the US dollar rose against the Iraqi dinar, today, Wednesday, in the Baghdad markets, with the closing of the stock exchange.
The correspondent of the National News Center said, “The dollar prices rose with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, to record 152,000 Iraqi dinars against 100 dollars, while the prices this morning were 151,400.”
He added, “The selling prices in exchange shops in the local markets in Baghdad rose, as the selling price reached 152,500 dinars, while the purchase price reached 151,000 dinars for every 100 dollars.”
