Iraqi News Highlights Saturday Afternoon 11-12-22
Tlm724 Administrator Bondlady’s Corner
Foreign Minister: Economic Diplomacy Will Be The Effective Way
Money and business Economy News – Baghdad Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein met with a number of ambassadors and employees of the Ministry of Foreign Affairs.
During the meeting, the minister presented, according to a statement of the Ministry of Foreign Affairs, “the most important tasks to be adopted during the next stage, foremost of which is strengthening the work of economic diplomacy and raising the level of efficiency of the administrative apparatus at the center of the ministry and Iraqi missions, in addition to completing the training steps and raising the capabilities of the staffing in the ministry, through Foreign Service Institute.
The minister pointed out that “the next stage should be a real lever and an advanced platform for the Iraqi state to achieve the highest levels of the supreme national interest, in the service of our honorable people, and in line with the government program voted on by the Iraqi parliament.”
Views 93 Added 11/12/2022 – 3:56 PM Update 11/12/2022 – 5:48 PM
https://economy-news.net/content.php?id=30750
The Rise In The Exchange Rate Of The Dollar Against The Dinar
Economie| 10:44 – 12/11/2022 Baghdad – Mawazine News The dollar exchange rates witnessed an increase, today, Saturday, in the local markets. Selling price: 147,500 dinars per 100 dollars, buying price: 147,400 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=211008
The Iraqi Oil Ministry: The Problems Between Baghdad And Erbil Will Be Resolved Within The Next Six Months
Posted On2022-11-12 By Sotaliraq The Director General of the Legal Department of the Iraqi Oil Ministry, Laith Abdul-Hussein, confirmed that the problems between Erbil and Baghdad related to oil, are due to the understanding and interpretation of the constitution, noting that there is a rapprochement between Erbil and Baghdad, and these problems will be resolved within the next six months.
In response to the questions of the economic program presenter: Muhammad Sheikh Fateh, Laith Abdul-Hussein said that part of the work program of the new Iraqi government is related to the problems between Erbil and Baghdad, expressing his optimism that the problems could be resolved within the coming months.
The Director General of the Legal Department of the Ministry of Oil, pointed out that the curriculum of the new Iraqi government, which was approved by the House of Representatives on (November 27, 2022), clearly indicated the importance of resolving the oil disputes between Baghdad and Erbil, explaining that the problems that have been going on for years, will be resolved within the six months. coming. LINK
An Economist Proposes A Price For A Barrel Of Oil In The Budget And Calls For “Not Venturing Far”
Economie| 01:23 – 12/11/2022 Baghdad – Mawazine News, the economic expert, Ali Hadi Judeh, said that the government should not “risk” too far in calculating the price of a barrel of oil, as it is a “volatile and emergency price despite all the reassurances” by OPEC or international economic institutions that confirm its stability above the $90 barrier due to The geo-military conditions the world is witnessing, particularly the war between Russia and Ukraine.
Judeh suggested that “the price of a barrel of oil in the next year’s budget does not exceed 65-68 dollars, which guarantees the achievement of financial precaution in it, and focus on moving the wheel of major projects that have been stalled due to the lack of financial liquidity, especially strategic ones, especially infrastructure, public roads, schools and hospitals.” “.
Judeh called for “the inclusion in the budget of a high-quality service sale instead of providing it for free and at low levels, taking into account the fragile economic classes in society, which must be immunized by social protection systems, including the unemployment grant.” Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=211024
A New Rise In Oil Prices
Economie| 08:21 – 12/11/2022 Follow-up – Mawazine News, market data showed that oil prices rose on Friday evening by 2% due to the decision of the Chinese authorities to ease restrictions related to fighting the Corona virus epidemic.
The data indicate that the prices of Brent crude futures for next January recorded a rise of 1.96% as of 21:04 pm, Moscow time, to reach $95.51 per barrel.
The prices of West Texas Intermediate oil (WTI) futures contracts for the month of December rose by 2.29%, to reach $88.45 a barrel.
Despite this, analysts point out that with the outcome of the week, oil prices may fall by 3 to 4%, as the markets were concerned about the Chinese “zero tolerance” policy towards the Corona virus.
On Friday, China decided to cancel some restrictions related to the Corona virus, especially the abolition of the rule that requires the suspension of international flights in the event that people with the virus are discovered on board the plane, the relaxation of the system for verifying Corona virus tests for boarding flights, and the reduction of the quarantine period for those coming from abroad.
https://www.mawazin.net/Details.aspx?jimare=210991
Economist: In Iraq, A Golden Opportunity To Benefit From Rain Water
Saturday 12 November 2022 12:40 | Economic Number of readings: 270 Baghdad / NINA / – The expert in economic affairs, Malath Al-Amin, called for benefiting from rain water by storing it to benefit from it in agriculture during the summer season, when the water in rivers decreases.
In a statement to the National Iraqi News Agency ( NINA ), Al-Amin said : “Iraq can benefit from the rainfall on its lands in the winter season by storing it to benefit from it in agriculture during the summer season, when the water decreases in the rivers.
He pointed out that” the diversity of terrain in Iraq with The presence of desert lands, with large areas, provides a golden opportunity to make part of them lakes to store water for use in the dry seasons to ensure the continuation of agricultural production in all seasons and to protect the country’s food security, in addition to the possibility of exploiting these lakes to attract tourism and fish farming, which will provide many job opportunities For the unemployed. / End 8
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