More Iraqi News Monday Evening 7-18-22
TLM724 Administrator BondLady’s Corner
Al-Sadr: It Is Surprising That The Threat To Kill Me Came From The Dawa Party And Their Chief Al-Maliki
Political | 04:35 – 07/18/2022 Baghdad – Mawazine News The head of the Sadrist movement, Muqtada al-Sadr, expressed his astonishment at the threat of death by the Dawa Party and its chief Nuri al-Maliki. LINK
Parliamentary Signatures To Determine The Date Of The Session For The Election Of The President Of The Republic
Political | 04:34 – 07/18/2022 Baghdad – Mawazine News The coordinating framework revealed, today, Monday, the collection of parliamentary signatures to determine the date of the presidential election session.
The head of the Sanad National Bloc affiliated with the framework, Ahmed Al-Asadi, said that “the meeting held by the parliamentary blocs, with the Presidency of Parliament, focused on two issues, the first is the start of the legislative term and the identification of bills that are discussed within the second legislative credit,” noting that “the political blocs agreed to A number of laws will be read or voted on.”
He added, “The second matter that was discussed is setting the date of the session, and the coordination framework insisted that the first session be to elect the President of the Republic, and we did not accept to postpone it,” explaining that “some blocs demanded that there be another meeting of the heads of the parliamentary blocs with the Speaker of Parliament next Thursday to determine The presidential election session.
He pointed out that “the first session will be to elect the president of the republic, and there are signatures ready to achieve this,” stressing the trend “towards consensus and advancing understanding with the parliamentary blocs, whether by electing the president of the republic or other benefits.”
Earlier today, Monday, Parliament Speaker Muhammad al-Halbousi held a meeting with heads of parliamentary blocs. Ended 29 / h LINK
Rising Oil Prices In World Markets
Economie| 08:35 – 07/18/2022 Follow-up – Mawazine News: Oil prices rose after early trading in Asia fell today, Monday, to continue achieving the gains it made on Friday, but it is limited by the high cases of Covid-19 in China and the possibility of closure.
US West Texas Intermediate crude futures for August delivery rose 34 cents, or 0.35 percent, to $97.93 a barrel at 04:31 GMT, after rising 1.9 percent on Friday.
Brent crude futures for September settlement rose 69 cents, or 0.68 percent, to $101.85 a barrel. Ended
Washington Expects “OPEC” To Increase Oil Production In The Coming Weeks
Economie| 09:14 – 07/18/2022 Follow – Mawazine News US Energy Security Adviser Amos Hochstein confirmed that Washington considers that OPEC countries can increase oil production, and expects them to take new steps in this direction in the coming weeks.
Hochstein accompanied US President Joe Biden on his tour of the Middle East, which included a visit to Saudi Arabia and participation in the Gulf Cooperation Council summit.
“Based on what I heard on the trip, I’m pretty confident we’ll see a few more steps in the coming weeks,” he said in an interview with CBS.
“There is additional capacity, and there is room to increase production,” he added.
He pointed out that the “OPEC” countries promised earlier to increase oil production in July and August by 50%.
According to him, the US administration also expects to increase domestic production by one million barrels per day by the end of the year. Hochstein noted that global oil prices began to decline to about $100 from $120 a barrel. Ended LINK
Dollar Exchange Rates Against The Dinar
Economie| 09:49 – 07/18/2022 Baghdad – Mawazine News The dollar exchange rates are witnessing a decline in the Iraqi Stock Exchange.
And the selling prices of the dollar recorded today, Monday, 148,400 dinars per 100 dollars, while the purchase prices of the dollar recorded 148,300 dinars per 100 dollars. Ended 29/N33
An Economist Stresses The Rail Link Between Iraq And Its Neighborhood To Introduce New Permanent Revenues
Economic Last update 07/18/2022 | 8:55 am Information / Baghdad… The economic expert, Dr. Safwan Qusay, stressed the need to link Iraq by rail with its neighbors to achieve
new permanent revenues,
create job opportunities,
trade exchanges for goods and merchandise, and
reduce the unemployment rate.
Qusay told Al-Maalouma,
“Iraq’s strategic location can be optimally exploited to bring revenues to the state treasury away from oil revenues by organizing the relationship with Iraq’s neighborhood and investing it in the correct manner for the railway connection.” He added that
“Iraq can be a corridor for the transit of goods and goods towards other countries, as
this site will gradually turn into a permanent resource that produces new activities for trade exchange, especially since some neighboring countries suffer from a large economic deficit at a time when other countries have a surplus in their production, which is possible.”
Iraq has the right to invest it in the right way to benefit it and its surroundings.” And he indicated that
“there is a great potential to create permanent job opportunities through the process of rail linking and trade exchanges between Iraq and its neighboring countries,
thus reducing the unemployment rate and achieving a great resource for the country.” finished 25
The Central Bank Clarifies Its Goal Of Establishing A Sovereign Fund
Monday, July 18, 2022 6:12 PM National News Center/ Baghdad Today, Monday, the Central Bank of Iraq clarified the purpose of its call to establish a sovereign fund, while noting that
the currency sale window was found to facilitate the financing of foreign trade in the main.
The Deputy Governor of the Central Bank, Ammar Khalaf, said, in a statement to the National News Center, that
“the bank’s management called for the necessity of allocating a sovereign fund to benefit from the financial abundance of the state,” explaining that
“the decision of the sovereign fund is dependent on the Iraqi government and the Ministry of Finance in the main.” Khalaf added,
“The Central Bank contributes to the management of this fund.”
Concerning the currency sale window, the deputy governor confirmed that
“the currency sale window was found to facilitate the financing of foreign trade in the main.” He stressed,
“Exports of currency are an economy that depends primarily on imports, and
it is a channel for providing foreign currency in order to provide goods and services,
in addition to selling currency to citizens through banks and exchange companies.”
Possibility Of Reducing The Dollar Exchange Rate In The New General Budget
Monday, July 18, 2022 8:51 PM National News Center/ Baghdad Today, Monday, the economic expert, Abdul Rahman Al-Mashhadani, indicated the possibility of reducing the dollar exchange rate in the new general budget.
In an interview with the National News Center, Al-Mashhadani said,
“Reducing the dollar exchange rate in the new budget is unlikely as a result of the instability of oil prices, in addition to the fact that
the government does not have huge financial savings, and
all the savings have been allocated to the law of emergency support for food security,” stressing that
“Dollar Depreciation Is Impossible”. He added that
“the absence of a financial deficit in the new budget will be considered a great achievement as a result of the lack of funds in large quantities, as promoted by some parties.” Al-Mashhadani expected,
“There will be a large deficit in the 2022 budget, as happened in the 2021 budget, when everyone was waiting for savings estimated at $21 billion, but we were surprised by a large deficit.” https://nnciraq.com/141526/
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