Bondlady’s Corner Iraqi News Friday Evening

Iraqi News Friday Evening 9-30-22


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The Rule Of Law Decides The Prime Minister For The Sudanese And Sets The Date For Presenting His Cabinet


Posted On2022-09-30 By Sotaliraq  Member of State of Law Haider Al-Mawla revealed, on Thursday, that there is a Kurdish rapprochement to announce the name of the candidate for the presidency in a unified manner, indicating that the candidate for the coordination framework for the presidency of the government, Muhammad Shiaa Al-Sudani, will present within one month of naming the President of the Republic the names of the ministers.


Al-Mawla said in a televised interview that “the holding of the parliament session is a step on the constitutional and legal track, and the delay has disrupted the interests of citizens.”


He added, “There are discussions and discussions taking place between the Kurdish forces in order to expedite the nomination of their candidate for the presidency, and it has become imperative for the Kurdish parties to agree on a candidate or go to vote on more than one candidate.”


He continued, “We have indications that things are good, and the Kurdish agreement is soon on the candidate, and after the vote on the President of the Republic, the Prime Minister will have one month to present his cabinet.”   LINK


Oil Is Heading For Weekly Gains, With Global Stability Today


Friday 30 September 2022 09:53 | Economic Number of readings: 261   Baghdad / NINA / – Oil prices are heading to achieve their first weekly gains in 5 weeks, supported by the decline of the US dollar, and the possibility of the (OPEC +) group agreeing to reduce crude production when it meets on the fifth of next October.   November Brent crude futures rose 2 cents to $88.51 a barrel, after losing 83 cents in the previous session.


US West Texas Intermediate crude futures for November delivery rose 6 cents to $81.29 a barrel.


Both Brent and West Texas Intermediate are heading to rise by about 3% this week, which is their first weekly rise since August, after recording their lowest levels in 9 months during the past days.


Reuters reported, quoting sources, that prominent members of (OPEC) and (OPEC +) began discussing production cuts before their meeting, next Wednesday.


And a source said early last week, that Russia may propose a reduction of up to one million barrels per day. / End 3


Iraq And The Cooperation Council For The Arab States Of The Gulf Discuss The Bilateral Action And Cooperation Plan


Friday 30 September 2022 18:18 | political Number of readings: 38   Baghdad / NINA / – Iraq and the General Secretariat of the Cooperation Council for the Arab States of the Gulf discussed activating the work and cooperation plan signed between the two sides.


A statement by the Ministry of Foreign Affairs stated: “The Iraqi ambassador to the Kingdom of Saudi Arabia, Abdul Sattar Hadi Al-Janabi, met the Secretary-General of the Cooperation Council for the Arab States of the Gulf, Nayef bin Mubarak Al-Hajraf, at the headquarters of the Council’s General Secretariat in Riyadh.”


During the meeting, according to the statement, a discussion took place on ways to activate the action plan and cooperation signed between Iraq and the Cooperation Council./ End 2


The Central Bank Of Iraq Announces The Achievement Of The Largest Cash Reserve In Its History


Economie| 05:56 – 09/29/2022   Baghdad – Mawazine News   The Central Bank of Iraq announced, on Thursday, achieving the largest cash reserve in its history, with a number exceeding 87 billion dollars, while stressing that the value of the Iraqi currency is greater than its real value by (130) percent.


The Central Bank adviser, Ihsan Shamran al-Yasiri, told the official news agency, “The Central Bank’s reserves exceeded 87 billion dollars, which is the largest number that the Central Bank of Iraq’s reserves reach.”


He pointed out that “the Iraqi currency is very strong because the reserves constitute 130 percent of the source of circulation from the funds in banks and others, in addition to its function to meet the requirements of traders to import goods.”


Al-Yasiri explained, “The reserve is not an absolute number for the economy’s recovery, as it previously reached 40 billion, and the economy was recovering, as the lesson is in the financial guidance and financial discipline that the state contributes to making.”


Al-Yasiri pointed out that “every uncontrolled government spending indirectly affects and decreases the reserve,” expressing his hope that “the reserve will exceed $100 billion.” Ended 29/R77


Dollar Exchange Rates Against The Iraqi Dinar


Economie| 10:17 – 30/09/2022  Baghdad – Mawazine News The dollar exchange rates witnessed, today, Friday, stability on the local stock exchange.   And the selling prices of the dollar were recorded at 147,500 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147,400 dinars per 100 dollars. Ended 29 / m 99




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