Iraqi News Monday AM 10-3-22
Tlm724 Administrator Bondlady’s Corner
The United States Affirms Its Support For A “Stable, Secure And Prosperous” Iraq
Monday, 3 October 2022 9:20 Am Baghdad/National News Center Today, Monday, the United States of America affirmed its support for a “stable and secure” Iraq, on the occasion of the Iraqi National Day.
The US Embassy in Baghdad said, in a brief statement, received by the National News Center, that it “congratulates the Iraqi people on the occasion of the Iraqi National Day, stressing that the United States stands by the Iraqi people in supporting a stable, secure and prosperous Iraq.”
Today, Monday, October 3, 2022, is the Independence Day of the Republic of Iraq, and the authorities have declared an official holiday throughout the country on the occasion. LINK
Al-Kazemi And Barzani Stress The Importance Of Adopting Dialogue To Get Out Of The Political Blockage
Today, Monday, Prime Minister Mustafa Al-Kadhimi and the head of the Kurdistan Democratic Party, Masoud Barzani, stressed the importance of adopting dialogue between all forces to get out of the political impasse.
The media office of the Prime Minister said in a statement, “Prime Minister Mustafa Al-Kazemi met today, the head of the Kurdistan Democratic Party, Massoud Barzani, during his visit to Erbil Governorate.”
He added that “the meeting discussed the overall political situation in the country, and the importance of adopting a national dialogue between all political forces to get out of the political blockage that is affecting the general situation, impeding the provision of services to citizens, and threatening to destabilize,” noting that “the meeting witnessed an emphasis on the role of Political and social activities in facilitating understanding, lowering the level of tension, avoiding incitement, and the importance of relying on responsible national discourse for a federal democratic Iraq in which the word of the constitution and the law is above all.
The office stated that “the two parties discussed various security challenges, and the importance of continuing joint coordination between Baghdad and Erbil, to address a number of files, foremost of which is the fight against terrorism, and the repeated attacks on Iraqi lands, and that Iraq’s land should not be anywhere from a starting point or a haven to threaten neighboring countries.”
Economist: The Need To Strengthen The System For The Protection Of Investment Buildings And Make It Compulsory
Monday 03 October 2022 10:36 | Economic Number of readings: 236 Baghdad / NINA / – The economic expert, Safwan Qusay, stressed the need to strengthen the investment building protection system and transform it from an optional system to a compulsory system by forcing all commercial and government property owners to deal with insurance companies to ensure the safety of users of these constructions.
Qusay said in a statement to the National Iraqi News Agency / NINA /: “The collapse of the Karrada building showed the need to strengthen the protection system and transform it from an optional system to a compulsory one by forcing all owners of commercial and government property to deal with insurance companies to verify the quality of construction and its suitability for use to ensure the safety of users of these. constructions”.
And Qusay: “The fees are deducted from taxes paid on income and that the Ministry of Finance bears the costs of comprehensive insurance on all government units, with the need to not grant a license to practice commercial, health or industrial work or any other economic activity until after the insurance process is completed.”
The economic expert added, “Insurance is a system of protection for individuals, property and equipment, and it is the most important key to attracting local, regional and international investments.”
It is noteworthy that a five-storey building, for pathological analyzes in Al-Wathiq Square in Baghdad, collapsed yesterday, and the accident led to the death and injury of a number of citizens./ End 8
Iraq Maintains Its Position Among The Largest Countries In Possession Of Gold Reserves
Monday 03 October 2022 12:09 | Economic Number of readings: 244 Baghdad / NINA / – The World Gold Council announced today, Monday, that there is a limited demand for buying the yellow metal, while noting that Iraq has maintained its thirtieth rank in the world among the largest countries in possession of gold reserves.
The council said in its latest schedule for the month of October 2022, that “purchasing gold from central banks slowed, as three banks increased their gold reserves by a ton or more, while there were no prominent sellers with the same measure in the available data.”
He pointed out that “Iraq maintained its global position after it rose ten ranks last July after purchasing 34 tons of gold to rank 30 out of 100 countries listed in the table with the largest gold reserves, reaching 130.4 tons of gold, which represents 9.6% of the rest of its reserves. other”.
The council stated that “the total gold reserves of the first five Arab countries, namely Saudi Arabia, Lebanon, Algeria, Iraq and Egypt, rose to 1,039 thousand tons as a result of Iraq and Egypt purchasing large quantities of the yellow metal.”
Globally, the United States of America is still on the list with the largest gold holdings in the world with 8133 tons, followed by Germany 3,355 tons, then Italy 2,451 tons, while the Lao People’s Republic ranked 100 with 900 kilograms, preceded by the Republic of Cape Verde with one ton
. On June 27, Iraq announced the purchase of new quantities of gold, amounting to approximately 34 tons, with an increase of 35% over what was in its possession./ End 8
https://ninanews.com/Website/News/Details?key=1004137
Efforts To Establish A Trade Exchange Zone Between Iraq And Saudi Arabia In Najaf
Reconstruction and building Economy News – Baghdad Najaf Governor Majid Al-Waeli revealed that there are efforts to establish a free zone for trade exchange between Iraq and Saudi Arabia in the province.
Al-Waeli said, “An area for trade exchange between Iraq and the Kingdom of Saudi Arabia has been identified, which is hoped to have an area of 1,000 dunams within the Iraqi depth, 10 kilometers from the Iraqi-Saudi border.”
He added, “This project is underway in coordination with the General Secretariat of the Council of Ministers,” noting that “the project is a commercial city for free exchange between Iraq and Saudi Arabia.”
He continued, “The project will provide thousands of job opportunities for the people of the province and the neighboring provinces,” stressing that “its cadres are in vigorous follow-up for the purpose of completing the approvals from the concerned authorities in the Iraqi government and the Saudi side.”
29 . views Added 10/03/2022 – 6:09 PM Update 10/03/2022 – 6:24 PM
https://economy-news.net/content.php?id=30016
The Rise In The Exchange Rate Of The Dollar Against The Dinar
Economie| 12:02 – 03/10/2022 Baghdad – Mawazine News, the dollar exchange rates rose, today, Monday, in the local markets. Selling price: 147.700 dinars per $100 purchase price: 147.600 dinars per $100 https://www.mawazin.net/Details.aspx?jimare=207184
Leaks Reveal The Expected Scenario Of The (OPEC +) Meeting
Economie| 10:13 – 03/10/2022 Follow-up – Mawazine News, “The Wall Street Journal” reported, quoting participants in the upcoming “OPEC +” meeting, that the coalition countries are considering reducing oil production by more than one million barrels per day to support energy markets.
The countries of the “OPEC +” group, which includes oil-producing countries from “OPEC” and outside, will hold a meeting in Vienna next Wednesday “for the first time since March 2020” since the outbreak of the Covid-19 epidemic.
And according to a statement on the group, representatives of the 13 member states of “OPEC” led by Saudi Arabia, and their ten allies led by Russia, are meeting, amid leaks that the group’s countries are considering significant production cuts in the face of fears of a recession in the global economy.
Markets fear that a recession in the global economy will affect global demand for black gold, which will disrupt energy markets. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=207171
Oil Prices Rise, And Brent Barrel Exceeds $ 87
Economie| 03/10/2022 Follow-up – Mawazine News: Oil prices jumped more than 3% in early trading in Asia, on Monday, while the OPEC + group is considering cutting production by more than one million barrels per day in the largest reduction since the Corona pandemic in an attempt to support the market.
Brent crude futures rose $2.51, or 3%, to $87.65 a barrel, after declining 0.6% at the close on Friday.
US West Texas Intermediate crude also rose 3%, or $2.39, to $81.88 a barrel, after losing 2.1 percent in the previous session, according to “Reuters”. LINK
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