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The appearance of Muhammad Salih to / Nina /: The Rise In Oil And Non-Oil Revenues Is The Basis For Ending The Deficit In The Upcoming Budgets

Tuesday 14 September 2021 13:37 | Economic Number of readings: 31

Baghdad / NINA / – The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that: The rise in oil and non-oil revenues is the basis for ending the deficit in the upcoming budgets.

He told the National Iraqi News Agency ( NINA ) that: Commitment to the same spending ceiling in the 2022 budget and similarly to the 2021 budget, with annual average oil prices of no less than $65 per barrel, with non-oil revenues doubled, will lead to an end to the deficit./

OPEC: Iraq Is The Highest Among The Members Of The Organization In Raising Its Oil Production In August

Energy  Economy News _ Baghdad  On Tuesday, the Organization of the Petroleum Exporting Countries, which consists of 13 countries, announced that Iraq was the highest among the members of the organization in raising its oil production last August.

The organization said in a report seen by “Al-Iqtisad News”, that “the production of oil by OPEC member countries rose by 151 thousand barrels per day during the past month, to reach 26.762 million barrels per day, supported by increased supplies from Iraq, Saudi Arabia, the UAE and Angola.

And she added, “The largest increases came from Iraq, as its oil production rose by about 91 thousand barrels per day, to reach 4.056 million barrels per day, after it was 3.965 last July, followed by Saudi Arabia, which recorded an increase of 69,000 barrels per day, bringing its production to 9.488 million barrels per day.” .

He added, “The UAE came third with an increase of 55 thousand barrels, then Angola came fourth with an increase of 43 thousand barrels per day. Kuwait came fifth with an increase of 17 thousand barrels per day, Algeria sixth with 9 thousand barrels per day, and Libya with 5 thousand barrels per day, Gabon by one thousand barrels.” Daily.

The report indicated that “the largest decline came from Nigeria, where shipments decreased by 114 thousand barrels per day, followed by Congo, with a decrease of 14 thousand barrels per day, and Iran witnessed a decrease in its production by 8 thousand barrels per day, while Venezuela and Equatorial Guinea kept their oil production below change in ap”.

The Organization of Petroleum Exporting Countries (OPEC) reference basket consists of the following: Sahara Blend (Algeria), Girasole (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabie Lite (Gabon), Heavy Iran (Islamic Republic of Iran) Basra Al Khafif (Iraq), Kuwait Export (Kuwait), Es Sidr (Libya), Pune Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Miri (Venezuela).   Views 126 Date Added 09/14/2021


Oil Prices Rise As US Supply Concerns Take Hold

Monday 13 September 2021 09:27 | Economic Number of readings: 228   Baghdad ( NINA ) – Oil prices rose today, Monday, amid concerns about US production in the wake of the damage caused by Hurricane Ida, in addition to expectations of rising demand.

Brent crude rose 33 cents, or 0.5 percent, to 73.25 dollars a barrel. And US West Texas Intermediate crude rose 32 cents, 0.5 percent, to $ 70.04, and both markets were at their highest levels since September 3, according to Reuters.

Besides the impact of Ida, market attention this week will focus on potential revisions to oil demand forecasts from the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) as coronavirus cases continue to rise.

List Of Dollar Prices In The Local Market Today

Economie| 11:00 – 14/09/2021   Baghdad – Mawazine News publishes / Mawazine News / dollar exchange rates on the local stock exchange on Tuesday, (September 14, 2021).    Baghdad – Kifah Stock Exchange  147,400 The price in most of Baghdad exchanges  Buy  147,000   Sell  148,000

Kirkuk – Stock Exchange  147,575  Erbil – Bursa  147,575  Basra – Bursa  147,450  Sulaymaniyah – Bursa   147,625

Integrity: Baghdad Will Host An Expanded International Conference Tomorrow To Recover The Looted Funds

Tuesday 14 September 2021 12:24 | Economic Number of readings: 71  Baghdad / NINA / – The Integrity Commission announced that Baghdad will host tomorrow an expanded international conference to recover the looted funds.

A statement by the commission said: “On the fifteenth and sixteenth of this September, the activities of the International Conference for the Recovery of Stolen Funds will be launched in Baghdad.”

The statement added that “the conference, which is held under the auspices of Prime Minister Mustafa Al-Kazemi and with the participation of Arab League President Ahmed Aboul Gheit, a number of justice ministers, heads of judicial councils and regulatory bodies, as well as a number of representatives of associations and organizations, and legal and academic figures related to Arab and media issues, is that It deals with important topics related to the issues of recovering looted funds and smuggled assets, finding ways to facilitate their recovery operations, and preventing the provision of safe environments and havens for them.

He added that, the Federal Integrity Commission and the Ministry of Justice will undertake the task of organizing the conference, which will witness the holding of joint workshops and the presentation of research working papers that address the most prominent obstacles and obstacles facing the national regulatory authorities in the issue of recovering convicts, assets and funds smuggled outside the borders of their countries, and what solutions and remedies are. It contributes to obliging the countries that hold these funds and assets and those convicted of corruption crimes by the decisions of UN conventions, laws, charters and norms calling for cooperation in returning them to their countries of origin.

He stressed that the conference organizers are seeking to come up with a set of decisions, recommendations, results and initiatives that urge the participating countries (in attendance or virtually) to cooperate and provide legal assistance among them to recover the smuggled money and the proceeds of corruption that spoilers have been able to smuggle outside the borders of their countries, and to form alliances against countries. that provide safe environments and tax havens for them at the Arab and international levels.

It is noteworthy that Iraq, represented by the Integrity Commission, had participated last week in the meetings of the working groups within the framework of the United Nations Convention against Corruption held in the Austrian capital Vienna, where the head of the Commission called on the international community to abide by the provisions of the UN Convention against Corruption regarding the difficulties in recovering money and those convicted.

Efforts to recover smuggled funds and assets, diagnosing the obstacles and impediments that stand in the way of the success of the efforts of the national regulatory and judicial bodies, despite the great efforts and measures they make, pointing to some of them as dual nationality, and the difficulty of proving the link between the crime that was committed between the smuggled assets and the smuggled assets. and the integration of those funds into the economies of those countries, expressing his hope that those obstacles would be overcome and would not prevent the success of those efforts, especially the issue of dual nationality that some resort toCorrupt by making investments in those incubating countries.

It is noteworthy that the Federal Integrity Commission represents Iraq in the international and Arab anti-corruption conventions.

The United Nations Announces A Project To Support Five Governorates In Iraq

Political | 02:22 – 09/14/2021  Baghdad – Mawazine News  On Tuesday, the United Nations announced a project to support the five liberated governorates, Nineveh, Anbar, Salah al-Din, Kirkuk and Diyala, while setting the objectives of the survey of institutions that was conducted in three governorates.

The Director of the United Nations Development Program in Iraq, Zina Ali Ahmed, said, according to the official agency, that “the United Nations Development Program is currently implementing a pilot project that contributes to developing technical and material assistance for micro, small and medium companies affiliated with the private sector, and it is implemented in the five liberated governorates.”

She talked about the surveys carried out by the United Nations for private sector companies, explaining that “the United Nations is carrying out surveys of micro, small and medium enterprises as part of our partnership with the Ministry of Planning, and the aim is to develop a vision that helps the government develop a plan for the development of the private sector,” noting that “the survey is essential To know the challenges and opportunities available to Iraqi micro, small and medium enterprises.

She pointed out that “about 2000 Iraqi institutions were surveyed in three governorates, namely Baghdad, Basra and Nineveh, and we found out their necessary needs, what are the available resources and the challenges they face,” explaining that “the results of the survey will contribute to developing a strategy to support institutions as an economic movement that is necessary to support them to enhance the resources of the Iraqi economy.” Ended 29/A 43

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