Iraqi News Highlights Tuesday Afternoon 11-8-22
Tlm724 Administrator Bondlady’s Corner
Al-Musawi: Changing The Exchange Rate Helps The Poor And Increases The Popularity Of The Sudanese Government
Tuesday 08 November 2022 13:46 | Economic Number of readings: 253 Baghdad / NINA / – The representative of the Sadiqoon bloc, Zainab Juma Al-Moussawi, confirmed that “changing the dinar exchange rate helps the poor indirectly.”
Al-Moussawi said in a press statement that “the restoration of the old exchange rate means a reduction in the value of prices in the Iraqi market and indirectly helping the poor citizen to face the high prices.”
And she added: Changing the exchange rate means increasing the popularity of the current government, because it took an approach contrary to the previous government, which narrowed the Iraqi citizen. /
https://ninanews.com/Website/News/Details?key=1012730
Saleh Al-Hamashi To / NINA /: Demands To Reduce The Price Of The Dollar Will Create Problems With The International Monetary Fund
Tuesday 08 November 2022 13:24 | Economic Number of readings: 247 Baghdad / NINA / – The economic expert, Saleh Al-Hamashi, confirmed that the demands to reduce the price of the dollar will create problems with the International Monetary Fund.
He told the National Iraqi News Agency ( NINA ): It is possible to reduce the value of the dollar in light of the financial abundance, but this will face problems with the International Monetary Fund and some international financial institutions, especially since Iraq owes large sums to them.
He explained: Any decline will make Iraq unable to find a lender to fill the deficit in its budget, since Iraq is still a single economy.
A number of deputies had called on the government to reconsider the dollar exchange rate./End 3
https://ninanews.com/Website/News/Details?Key=1012696
The Dollar Is Declining In The Iraqi Market
Economie| 09:21 – 08/11/2022 Baghdad – Mawazine News The dollar exchange rates witnessed, today, Tuesday, a slight decrease in the local stock exchange. Selling price: 146.900 dinars per $100 purchase price: 146.800 dinars per $100 https://www.mawazin.net/Details.aspx?jimare=210574
Washington Welcomes The Talks Between Erbil And Baghdad Ahead Of An Upcoming Visit To The Kurdistan Delegation
Posted On2022-11-08 By Sotaliraq On Monday, the United States expressed its support for the talks and understandings between the Kurdistan Region and the federal government, prior to an upcoming visit of the regional government delegation to the Iraqi capital.
These statements come at a time when a delegation from the Kurdistan Regional Government is preparing to go to Baghdad on the first visit since the formation of the new government headed by Muhammad Shia Al-Sudani.
A delegation from the US Consulate General in Erbil visited the Ministry of Finance and Economy in the Kurdistan Region. The delegation consisted of Deputy Consul General Zahra Bell and Head of the Economics Department of the Consulate, Hess Bailey.
The Minister of Finance and Economy, Awat Sheikh Janab, expressed his full support for the new Iraqi government, and expressed his hope “to solve the outstanding problems between Erbil and Baghdad within the framework of the constitution and the law and to obtain the legitimate rights of the Kurdish people,” according to a statement by the Ministry of Finance.
The statement quoted Sheikh Janab as saying that the government delegation will visit Baghdad “soon” to discuss Kurdistan’s share of the federal budget for the year 2023.
He explained that another part of the visit’s talks will include discussing the oil and gas file and resolving it within the framework of the constitution.
The US consular delegation confirmed its support for the continuation of talks and understandings between the Kurdistan Regional Government and the federal government, according to the statement.
A delegation from the Kurdistan Regional Government is scheduled to visit Baghdad in the coming period. The visit was supposed to start tomorrow, Tuesday or Thursday.
The Chief of the Kurdistan Regional Council of Ministers Office, Omid Sabah, said that the regional government delegation is still waiting for the federal government to determine the date of the visit. LINK
Details Of The Meeting Of The Minister Of Finance And The US Ambassador
Money and business Economy News – Baghdad The Minister of Finance, Taif Sami, received, on Tuesday, the US ambassador to Iraq, Alina Romanowski.
During the meeting, the Minister of Finance praised “the level of bilateral relations between the two countries,” stressing “the importance of continuing to build on and strengthen the achievements that have been achieved, which contributes to opening wider horizons at all levels, including aspects of finance and economy,” according to a statement by the Ministry of Finance.
The statement stated that “the paths of the development partnership linking the two countries and the importance of continuing and upgrading them to achieve common aspirations and goals were discussed, in addition to discussing a number of financial and investment issues.”
For her part, Romanowsky affirmed, “The United States government’s continued support for the government and people of Iraq, and its aspiration to create broader spaces of partnership and cooperation between the two countries.” 117 . views Added 11/08/2022 – 2:08 PM Update 11/08/2022 – 6:39 PM https://economy-news.net/content.php?id=30670
Slight Drop In Global Oil Prices
Economie| 09:04 – 08/11/2022 Follow-up – Mawazine News: Oil prices fell slightly, today, Tuesday, with fears of recession and China’s commitment to the policy of non-proliferation of the Corona virus, despite the lack of supply.
Brent crude fell 22 cents to $97.69 a barrel by 04:55 GMT, while US West Texas Intermediate crude rose 26 cents to $91.51 a barrel.
Both crudes hit their highest levels since August on Monday amid reports that leaders in China, the world’s largest importer of crude, are considering a way out of the country’s strict restrictions on the coronavirus. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=210571
Expert: Kurdistan Will Keep Its Oil And Will Get 200 Billion Dinars Per Month In The 2023 Budget
Money and business Economy News / Baghdad Economist Nabil Al-Marsoumi revealed, on Tuesday, that Kurdistan has guaranteed its share in the 2023 budget.
Al-Marsoumi said in a Facebook post that “the information received from Kurdish sources indicates that the region’s share in the 2023 budget will be the same as its share in the 2021 budget, meaning that it will receive 200 billion dinars per month while its oil remains for it.”
He pointed out that “the disbursement will start from the current month of November, according to the sources, who also say that this is part of the political spending under which the government was formed.”
Al-Marsoumi warned that “it is not possible to verify the accuracy of this information until the completion of the draft budget law 2023.” 80 . views Added 11/08/2022 – 4:47 PM Update 11/08/2022 – 6:36 PM https://economy-news.net/content.php?id=30675
Tamim: The Ministry Of Planning Strongly Adopts A Policy Of Supporting And Empowering The Private Sector
Money and business Economy News – Baghdad The Ministry of Planning confirmed, on Tuesday, that it has demonstrated a policy of supporting and empowering the private sector, while indicating the existence of an active private sector that is among the priorities of the current government.
A ministry statement stated, “The Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, chaired the 100th session of the Contractors Classification Committee, which was held at the ministry’s headquarters.”
Tamim stressed, “The ministry strongly adopts a policy of supporting and empowering the private sector, as it is the main development partner in the country, because the development of the private sector creates economic stability that supports and achieves security stability.”
He added, “The Prime Minister’s directives emphasized addressing the problems and challenges facing the work of the private sector, especially the contracting sector, which represents one of the most important development pillars, because it undertakes the implementation of projects at all levels, and that the government’s dealings with the private sector should be transparent and positive.”
Giving him the development space that is commensurate with his capabilities and the economic potential available to him.
He continued, “Work is currently underway to automate all activities and works related to the classification of contractors, to reduce friction with employees, expedite the completion of procedures related to the issuance of classification identities, and address the problems of listing in the blacklist,” noting that “the electronic system for classifying contractors, which was completed by the Ministry of Planning is a pioneering work that has contributed to addressing many problems, but it still needs further development, and this is what the Ministry is currently working on, in the context of completing the e-government requirements.”
The Minister of Planning stressed the “importance of the work of the Contractors Classification Committee, which includes representatives of the relevant authorities,” calling on its members to “keep on regular meetings, because its work is related to the classification and listing process.”
He continued, “Any delay in completing the procedures for contractors and contracting companies would negatively affect the implementation of projects, and the failure to meet the services provided to citizens.”
He concluded, “The presence of an effective private sector is a first priority among the current government’s priorities, and there will be many policies and practical procedures that support and develop this sector.” Views 113 Added 11/08/2022 – 1:36 PM Update 11/08/2022 – 6:26 PM
https://economy-news.net/content.php?id=30669
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