Bondlady’s Corner Iraqi News Friday Evening

Iraqi News Friday Evening 9-23-22

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Al-Kazemi: Changing The Dollar Exchange Rate Against The Dinar Is The Most Successful Decision

Prime Minister Mustafa Al-Kazemi   Money  and business   Economy News – Baghdad

Prime Minister Mustafa Al-Kazemi confirmed that changing the exchange rate of the dollar against the dinar is the most successful decision taken by his government.

 

Al-Kazemi said, in an interview with Al-Monitor, which was followed by “Al-Iqtisad News,” “We reached a point where we were unable to pay the salaries of employees and retirees, but thanks to the white paper, the Iraqi economy will witness reforms.”

 

He added that my government agreed to implement projects such as the port of Al-Faw, the construction of solar power plants, the investment of gas associated with oil production, and the construction of 1,000 schools.

 

He explained that the Central Bank’s reserves rose from 49 billion dollars to 86 billion dollars, and changing the dollar exchange rate was one of the most successful decisions we took.

 

Views 121   Added 09/23/2022 – 2:23 PM   Update 09/23/2022 – 5:57 PM

 

https://economy-news.net/content.php?id=29854

 

Iraq Is Close To Offering A New Securities Platform

 

Economie| 07:28 – 09/22/2022  Baghdad – Mawazine News   The Chairman of the Securities Commission in Iraq, Hassan Al-Ugaili, announced the imminent launch of a new platform for securities in the country, expressing his hope that it would be launched at the end of 2022.

 

He indicated in statements to “CNBC Arabia” that the platform It bears the name “OTC”, which is an abbreviation of “Over The Counter”, and will be dedicated to trading shares of companies not listed on the Iraq Stock Exchange.

 

He explained that the percentage change in the “OTC” platform for each session was determined by 5%, up and down, from the previous closing price for trading the shares of unlisted companies.

 

Hassan Al-Akaili added that the new platform will provide the best buying and selling offers for unlisted companies, whether they are joint stock or limited.

LINK

Iraq Is Close To Offering A New Securities Platform

 

Economie| 07:28 – 09/22/2022  Baghdad – Mawazine News  The Chairman of the Securities Commission in Iraq, Hassan Al-Ugaili, announced the imminent launch of a new platform for securities in the country, expressing his hope that it would be launched at the end of 2022.

 

He indicated in statements to “CNBC Arabia” that the platform It bears the name “OTC”, which is an abbreviation of “Over The Counter”, and will be dedicated to trading shares of companies not listed on the Iraq Stock Exchange.

 

He explained that the percentage change in the “OTC” platform for each session was determined by 5%, up and down, from the previous closing price for trading the shares of unlisted companies.

 

 

Hassan Al-Akaili added that the new platform will provide the best buying and selling offers for unlisted companies, whether they are joint stock or limited.

LINK

The Prime Minister Meets In New York With The Vice President Of The World Bank Group

 

Friday 23 September 2022 05:14 | Economic .Number of readings: 514  Baghdad / NINA / – Prime Minister Mustafa Al-Kazemi met yesterday, Thursday, the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhaj, on the sidelines of participation in the meetings of the United Nations General Assembly in New York.

 

According to a statement by Al-Kazemi’s office, during the meeting, the most important aspects of cooperation between Iraq and the World Bank in the financial and economic fields, and in the field of providing studies, consultations and data, were reviewed.

 

The statement added, that the meeting touched on positive growth in the Iraqi economy, and success in facing the challenges caused by global crises. Supply chains falter, and the effects of the Corona pandemic.

 

The Prime Minister affirmed Iraq’s determination to continue the economic reform program and lay strong foundations; For sustainable development, creating an attractive investment environment, and cooperating with the World Bank in the areas of modernizing the country’s water policy and food security projects / End 2    https://ninanews.com/Website/News/Details?key=1001963

 

The Dollar Stabilizes In The Iraqi Market

 

Economie| 10:24 – 09/23/2022   Baghdad – Mawazine News     The dollar exchange rates witnessed, today, Friday, stability in the Iraqi Stock Exchange.

 

And the selling prices of the dollar were recorded at 147.650 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147.550 dinars per 100 dollars.

LINK

Low Oil Prices

 

Economie| 09:55 – 09/23/2022   Follow-up – Mawazine News: Oil prices fell, today, Friday, in light of recession fears and the rise of the dollar, although losses were limited due to supply concerns after a new general mobilization campaign in Russia and a clear faltering in talks to revive the Iranian nuclear agreement.

 

Brent crude futures fell 41 cents, or 0.5%, to $90.05 a barrel, while West Texas Intermediate crude futures fell 30 cents, or 0.4%, to $83.19 a barrel.

 

Prices for the month-to-month contract, Brent crude, fell 1.5%, while West Texas Intermediate crude prices fell 2.3% this week.

 

Central banks around the world raised interest rates after the Federal Reserve (the US central bank) raised the interest rate by 75 basis points for the third time on Wednesday, which raised the risks of an economic slowdown.  LINK  The Gulf Cooperation Council Affirms Its Support For The Security And Stability Of Iraq

 

Political | 04:02 – 09/23/2022   Baghdad – Mawazine News  The Secretary-General of the Cooperation Council for the Arab States of the Gulf, Nayef Falah Al-Hajraf, affirmed the support of the Gulf Cooperation Council countries for the security and stability of Iraq.

 

And the Ministry of Foreign Affairs stated in a statement that Mawazine News received a copy of it, that “its Minister Fouad Hussein met with the Secretary-General of the Cooperation Council for the Arab States of the Gulf, Nayef Falah Al-Hajraf, on the sidelines of the meetings of the 77th session of the United Nations General Assembly, held in New York, and the two sides discussed ways to enhance cooperation. between the Cooperation Council and the Republic of Iraq.

 

According to the statement, the minister stressed that “the government is interested in developing relations with the GCC countries at all levels, expressing his thanks and appreciation to the Secretary-General for continuing the serious work in the field of economic support and energy linkage that contributes to improving the conditions of the Iraqi people and advancing the Iraqi economy.”

 

He added, “Iraq is a promising and safe investment environment, calling on investment companies to work in Iraq in the field of infrastructure.”

 

The statement added, “The Minister briefed the Secretary-General on the latest developments in the Iraqi political situation and the official political movement on the formation of the new government, and they discussed a number of regional and international issues of common interest, especially the impact of the Russian-Ukrainian war on food security, and the need to work collectively to confront the repercussions.” potential crisis in its various economic and social dimensions.

 

For his part, Al-Hajraf affirmed the “Cooperation Council’s support for the security and stability of Iraq,” stressing “the Gulf countries’ keenness to advance Gulf-Iraqi relations in the service of common interests.”  LINK

Canadian Prime Minister: Our Commitment To The War On Terror In Iraq Is Long-Term

 

Posted On2022-09-23 By Sotaliraq   Canadian Prime Minister Rudaw: Our commitment to the war on terror in Iraq is long-term

 

Majid Nizamuddin  In a statement to Rudaw Media Network, Canadian Prime Minister Justin Trudeau stressed his country’s continued assistance in eliminating ISIS.

 

When he was on Wednesday (September 21, 2022) in New York to participate in the meetings of the United Nations General Assembly, the Canadian Prime Minister answered Rudaw’s question, saying: “Canada is always available anywhere in the world that needs it.”

 

A month ago, the Canadian air force unit stationed in the Middle East was transferred to Britain to provide more support to Ukraine, and on whether Ukraine’s support will affect Canada’s role in confronting ISIS in Iraq, Justin Trudeau announced that “our commitment to the war on terrorism in Iraq is a commitment A long-term and old Canadian is to eliminate ISIS, and he will continue.”

 

Canada’s military mission to confront ISIS began in October 2014, through the participation of its warplanes in the international coalition to eliminate ISIS.

 

The Canadian government says that it has invested during the period (2016-2022) four billion dollars in facing the crises in Iraq and Syria.

 

The Canadian Prime Minister indicated: “We will continue our tasks within NATO and in the international context, to fight terrorism, support our allies in NATO, stand with our friends in Ukraine, and our presence in global places and fields experiencing crises.”

 

With the beginning of the Russian-Ukrainian war in February of this year, a section of Western countries sent their soldiers to Ukraine, and in this context, Canada provided $472 million in military aid to Ukraine. The Canadian Air Force has also transferred to Ukraine more than 3.5 million pounds in financial aid from its allies.

 

Below is Rudaw Reporter’s question and Canadian Prime Minister Justin Trudeau’s answer:

 

Rudaw: Mr. Prime Minister, regarding the movement of military forces as well, but in the Middle East, 28 days ago, the Canadian air force unit was transferred from the Middle East to Britain to support your efforts to help Ukraine. Is this the beginning of ending your military support to Iraq and the Kurdistan Region in Confronting terrorism and ISIS?

 

Justin Trudeau: Our commitment to the war on terror in Iraq is a longstanding Canadian commitment to eliminating ISIS, and it will continue. We will continue our missions within NATO and in the international context, to fight terrorism, to support our NATO allies, to stand with our friends in Ukraine, and to be present in global places and arenas experiencing crises. Canada is always there anywhere in the world that needs it, and we will continue to do so.   LINK

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