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Baghdad Investment: Al-Ansari confirms that industry is the backbone of the national economy and that the country is in need of development projects…
Posted On2022-07-21 By Sotaliraq Baghdad Investment: Al-Ansari confirms that industry is the backbone of the national economy and that the country needs development projects that support national products and enhance its role in local markets…
The head of the Baghdad Investment Authority, the consultant engineer (Haider Al-Ansari), inaugurated this morning, Wednesday, 20/7/2022 (the plant for the production of air filters for gas turbines), the investment implemented by the Emirati Taj Al-Hajras Trading Company, located in Al-Amiriya / Hittin District / Khalaf Al-Ayadi residential complex, which is considered one of the most prominent industrial investment projects in the capital, Baghdad, which aims to provide national products that conform to the approved technical specifications that match global industries in terms of efficiency, with local cadres and with the support of the best companies.
The project, which was equipped with modern and advanced equipment and devices from solid Korean manufacturers, aims to provide the electricity companies’ needs of air filters instead of importing them from outside the country.
Al-Ansari toured the factory and was briefed about all its departments and the mechanism of manufacturing filters in it, where he praised the efforts made in its establishment and management, stressing that industry is the backbone of the national economy and that the authority is working to enhance the role of national industries and develop the production process in the capital, Baghdad, through its various industrial projects in line with the directions of The Iraqi government and the calls of Prime Minister Mustafa Al-Kazemi to support the local product and bring it back to the fore in the Iraqi markets.
Al-Ansari added that the country needs these development projects that meet the needs of the local market, which prompts the authority to focus its efforts and endeavors to attract sober companies to implement various projects within this sector, while providing all facilities and facilitating procedures for companies to establish industrial edifices that advance the wheel of development and contribute to laying the foundations for economic advancement. In the capital, Baghdad.
The project consists of two production lines: the first (cylindrical-conical filters line) and the second (a box-type filters line) with a unique filter inspection device in Iraq. With the requirements and needs of electric power stations. It is hoped that the project’s production rates will increase with its expansion in the future through the opening of other production lines.
It is noteworthy that the project, during its implementation period, contributed to alleviating unemployment and will have a major role in providing diverse local job opportunities for all specializations, which is one of the most important goals that the authority aspires to achieve. LINK
Kuwait Announces Its Support For Iraq With All Its Actions Regarding The Turkish Bombing In Dohuk
Thursday, July 21, 2022 4:35 PM National News Center/ Baghdad Today, Thursday, Kuwait announced its support for all of Iraq’s actions regarding the Turkish bombing in Dohuk.
A statement by the Kuwaiti Foreign Ministry, seen by the National News Center, said that it “expresses Kuwait’s condemnation and denunciation of the attack that targeted a resort in Dohuk Governorate in the Kurdistan region of the brotherly Republic of Iraq, which resulted in casualties.”
The ministry stated that “this attack represents a flagrant violation of the sovereignty of brotherly Iraq, international law, the Charter of the United Nations and international norms and conventions,” stressing Kuwait’s solidarity with brotherly Iraq and its support in all measures it takes to preserve its security, stability and sovereignty.
The Ministry offered Kuwait’s condolences to the government and people of the Republic of Iraq and to the families of the victims, wishing the injured a speedy recovery. https://nnciraq.com/142129/
Parliament Will Hold A Session Next Saturday To Discuss The Turkish Attack
Thursday 21 July 2022 15:19 | political Number of readings: 210 Baghdad / NINA / – The House of Representatives will hold its first session next Saturday for the new legislative term to discuss the Turkish aggression in the presence of the Ministers of Defense and Foreign Affairs and the Chief of Staff of the Army./End 3 https://ninanews.com/Website/News/Details?key=988982
Abdul Hassan Al-Shammari Confirms To / Nina / The Importance Of The Arab Economic Depth For Iraq
Thursday 21 July 2022 17:03 | Economic Number of readings: 68 Baghdad / NINA / – The economic expert, Abdul Hassan Al-Shammari, stressed the importance of the Arab depth, in his economic part, in particular, for the current reality of Iraq.
He told the National Iraqi News Agency ( NINA ) that: The Arab depth supports Iraq through the very large monetary bloc that exists in the Arab Gulf states, which is an important aspect of the reality of Iraq in terms of investment and projects, which depend on the government’s ability to manage it.
Al-Shammari added that we must fully exploit this issue and increase the relationship and ties with the Arab nation, especially the Arab Gulf region, which is an integral part of Iraq.
He continued: “We must support this issue, expand it with our capabilities, and create economic integration for the Arab nation from the Gulf region, which is the richest Arab and Islamic, in order to exploit the large revenues from the increase in oil prices to advance Iraq in particular.” / End 3
https://ninanews.com/Website/News/Details?Key=988998
The Rise In The Exchange Rate Of The Dollar
Economie| 10:49 – 07/21/2022 Baghdad – Mawazine News, the dollar exchange rates rose slightly on the Iraqi Stock Exchange, today, Thursday.
And the selling prices of the dollar were 148,500 dinars per 100 dollars, while the purchase prices of the dollar were 148,450 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=199985
Low Oil Prices
Economie| 09:50 – 07/21/2022 Baghdad – Mawazine News: Oil prices fell today, Thursday, in light of concerns about demand for limited global supplies.
US government data showed tepid demand for gasoline during the peak summer driving season.
Brent crude futures were up 83 cents, or 0.78 percent, at $106.06 a barrel by 04:38 GMT.
West Texas Intermediate crude futures also fell $1.96, or 1.88%, to $102.26 a barrel. Ended 29/M99
https://www.mawazin.net/Details.aspx?jimare=199980
A Parliamentary Committee Talks About A Law That Provides 300,000 Job Opportunities
Economie| 01:37 – 07/21/2022 Baghdad – Mawazine News The Reconstruction and Parliamentary Services Committee pointed out, on Thursday, that the legislation of the Reconstruction and Investment Law will be one of the first laws to be approved in Parliament after the formation of the new government, while it expected that it would provide more than 300,000 job opportunities.
Committee member Baqir al-Saadi said, “The Law of the Council for Reconstruction and Investment and other landmarks that the government raised earlier is flawless and on the right track,” noting that “its approval depends on the formation of the government.”
Al-Saadi added, “The draft law needs some amendments for investors, as well as changing some legal paragraphs,” according to the official “Al-Sabah” newspaper.
He continued, “This law is very important, and if approved, it will provide a great service in the field of reconstruction, in addition to providing job opportunities for the unemployed,” expecting that “the law, if implemented, will provide more than 300,000 job opportunities.”
https://www.mawazin.net/Details.aspx?jimare=200007
