Bondlady’s Corner Thursday Afternoon

Iraqi News Highlights Early Thursday Afternoon 12-1-22


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Al-Maliki Mortgages The Adoption Of The Oil And Gas Law In This Matter


Political | 02:42 – 01/12/2022   Exclusive – Mawazine News, a member of the Parliamentary Oil, Gas and Natural Resources Committee, Durgham al-Maliki, pledged, Thursday, to pass the oil and gas law to achieve a “political consensus.”


Al-Maliki told Mawazine News, “If political and regional consensus is achieved between the region, the central government and the political parties, the law can be legislated and amended in one week,” noting that “the law has been in place for more than one parliamentary session and has not been amended.”


He continued, “These controversial laws have a political aspect, and they cannot be implemented unless a political settlement takes place,” going on to say, “If political consensus is not achieved, the committee will work on it and include it for the purpose of voting, but it will not pass, and that political consensus is more important than Committee work. Ended 29/N33



Economist: Trade Exchange Between China And Iraq Will Reach 44 Billion Dollars


Money  and business   Economy News / Baghdad   Economic expert Nabil Al-Marsoumi said, Thursday, that Iraq may have crossed the red line in its relationship with China, indicating that the volume of trade exchange between the two countries will exceed $44 billion by the end of 2022.


Al-Marsoumi said in a post on Facebook, “The US Pentagon warned Iraq and other countries in the Middle East against continuing broad cooperation with China because of its negative repercussions on the United States.”


He added, “China is Iraq’s largest trading partner, as trade dealings between them reached $33.7 billion during the first ten months of this year, which means that it could reach more than $40 billion at the end of 2022.”


He explained that “Iraq’s exports to China are concentrated in crude oil, while Iraq imports various types of Chinese commodities,” noting that “Chinese companies enjoy extensive business in Iraq in the field of infrastructure, construction and energy, and they are the main operator in five Iraqi fields: Rumaila and West Qurna.” 1/ Maysan, Halfaya and Al-Ahdab, in addition to transferring a number of other oil and gas fields to Chinese companies, including the Mansouriya gas field, and the Al-Faw strategic refinery was also transferred to it, in addition to large and wide works in the field of oil services.


Views 120   Added 12/01/2022 – 4:40 PM  Updated 12/01/2022 – 7:18 PM


Details Of Al-Sudani’s Decision Regarding The Commissions Of Electronic Payment Companies


Money  and business  Economy News / Baghdad   On Thursday, Prime Minister Mohamed Shiaa Al-Sudani issued directives regarding commissions for electronic payment companies.


Al-Sudani’s office stated in a statement that “Prime Minister Muhammad Shia’a Al-Sudani directed the formation of a specialized audit committee to review the commissions collected by all electronic payment companies from citizens.”


He added that Al-Sudani directed “to take action against the violator in accordance with the law.”


The committee is also responsible for “auditing the contracts concluded with the aforementioned companies, and indicating the extent to which they are consistent with the laws, regulations, and instructions in force, and achieving the public interest.” ‘


Views 13   Added 12/01/2022 – 7:03 PM  Updated 12/01/2022 – 7:10 PM


Oil Prices Continue To Recover And Exceed $88 A Barrel


Thursday 01 December 2022 17:32 | Economical Number of readings: 140


Baghdad / NINA / – Oil prices continued to recover, for the second day, exceeding $88 a barrel.


Brent crude futures contracts recorded $88.56 a barrel, up by 1.8% from Wednesday’s closing price of $86.97.


US crude oil rose more than 2% in futures contracts, recording $82.15 a barrel, while it had closed yesterday at $80.55 a barrel./ End2


Iraq’s Oil Generates More Than 8 Billion Dollars In One Month


Economie| 02:21 – 01/12/2022   Baghdad – Mawazine News   The Ministry of Oil announced, on Thursday, the total exports and revenues achieved for the month of November, according to preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO).


The ministry said, in a statement received by Mawazine News, that “the total quantities of crude oil exported for last November from the oil fields in central and southern Iraq amounted to 97 million and 204 thousand and 696 barrels, while from the Kirkuk fields through the port of Ceyhan, the exported quantities amounted to 2 million.” And 363 thousand and 20 barrels.


The ministry indicated that “the average daily quantities exported amounted to 3 million and 329 thousand barrels per day,” adding that “the average price of one barrel amounted to more than (82,417) dollars.”



The Iraq Stock Exchange Traded Three Billion Shares In The Last Week Of November


Economie| 04:56 – 01/12/2022   Baghdad – Mawazine News  During the fourth week of November 2022, the Iraq Stock Exchange organized five trading sessions.


A market statement stated, “The number of shares traded during this week amounted to more than (3) billion shares,” pointing out that “the value of shares traded this week amounted to more than (4) billion dinars.”


He added, “The trading index in the market closed for the first session of the week at (590.01) points, while the index closed at the end of the week at (585.42) points, achieving a decrease of (0.78%) from its closing at the first session,” stressing that “during the week It executed more than (3100) buying and selling contracts on the shares of companies listed in the market. Ended 19/h


A New Rise In The Exchange Rates Of The Dollar Against The Dinar


Economie| 09:49 – 01/12/2022   Baghdad – Mawazine News   The exchange rates of the dollar rose today, Thursday, on the local stock exchange.   Selling price: 149,600 dinars per 100 dollars  Buying price: 149,500 dinars per 100 dollars



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