BondLady’s Corner Tuesday PM

  In Bondlady’s Corner 

TLM724 Administrator BondLady’s Corner

Economic Reform Strategies

Tuesday 07 December 2021  268  Baghdad: morning   The specialist in economic affairs, Hamila Abdul-Sattar Kurdi, stressed that the economic reform in the country needs effective strategies that begin to create a work environment that attracts international efforts and specialized companies exclusively, to obtain positive results that serve the country.

She pointed out that {the investment portal in Iraq is confused and suffers from many challenges, the most important of which is the security situation, which led to the reluctance of investors to come to Iraq, as well as the complexity in completing the investment activity related to investment licenses, and the accompanying complex mechanisms for obtaining official approvals, which must be granted smoothly. high across the window one}.

Kurdi added that “investors should not be afraid of entering the local labor market, that there be a special law that protects investors, and that there be temptations for the investment effort that owns technologies and capital to come to the country and start implementing its projects.”

specialized }.

And she had confirmed that {investment companies do not have full powers to perform their work in the race because of the routine, and the lack of a suitable environment for work, indicating in the event the investor does not find information useful for investment, investment opportunities, credits or credits}. It is noteworthy that several projects for infrastructure, hospitals and schools have been referred to several unreliable companies, and these projects have not been completed in time. specified.   LINK

Rising Oil Prices In The World Market

Tuesday 07, December 2021 10:06 | economic Number of readings: 351  Baghdad / NINA / – Oil prices rose today, Tuesday, after concerns eased about the impact of the Omicron mutator on global fuel demand, and the faltering nuclear talks with Iran, which disrupted the return of Iranian crude supplies to the market.

Saudi Arabia raised the official selling price, after OPEC + agreed to continue to increase supplies by 400,000 barrels per day in January, despite the withdrawal from the US strategic oil reserve.

Brent crude futures rose 60 cents, or 0.8%, to $73.68 a barrel.

US West Texas Intermediate crude futures rose 74 cents, or 1.1%, to $70.23 a barrel, after rising 4.9% in the previous session.

Oil prices fell last week, amid fears that available vaccines would be less effective in resisting the new mutant, Omicron, which raised fears that governments would resort to re-imposing restrictions to limit its spread, which could harm global growth and demand for oil.   https://ninanews.com/Website/News/Details?key=943317

Gold Council: Iraq Maintains Its Global Position

Market Economy News _ Baghdad   The World Gold Council announced, on Tuesday, that the central banks of countries bought small quantities of gold within one month, while Iraq maintained its global position.

The council said in its latest schedule for the month of December of 2021 and seen by “Economy News”, that “the central banks bought two tons of gold on a net basis, as the purchase was met with sales from a small number of banks, which is the lowest monthly total in 2021.”

He added, “Four central banks accounted for the vast majority of purchases, with Kazakhstan being the largest buyer, adding 6 tons, followed by India, which added 3.8 tons, and Russia buying 3 tons during the month. Ireland also bought one ton of gold, while three banks recorded Central sales included Uzbekistan 8 tons, Turkey two tons, and Qatar two tons.

He pointed out that “Iraq maintained its global position 39 for the fifth consecutive month out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 8.8% of the rest of its other reserves.”

He explained that “Iraq also maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon,” noting that “the total possession of gold in the five Arab countries amounts to 996.4 tons.”

He pointed out that “the United States still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,359 thousand tons, then Italy, 2,451 thousand tons, while Suriname ranked 100, with 1.5 tons, preceded by Yemen, with 1.6 tons.”

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.

Views 184 Date Added 07/12/2021  https://economy-news.net/content.php?id=26906

The Central Bank’s Hard Currency Sales Exceed $200 Million

Economie| 02:50 – 07/12/2021  Baghdad – Mawazine News, the Central Bank of Iraq’s sales of hard currency rose, on Tuesday, to record more than 200 million dollars.

Today, the Central Bank’s auction for the sale and purchase of foreign currencies witnessed an increase in its sales by 7.45% to reach 202 million, and 324 thousand and 503 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar.

Most of the bank’s sales went to enhance balances abroad in the form of remittances and credits, amounting to 156 million and 874 thousand and 503 dollars, while the remaining amount of 45 million and 450 thousand dollars went in cash.

27 banks responded to requests to enhance balances abroad, 18 banks to meet cash requests, in addition to 210 brokerage firms. Ended 29/A 4    https://www.mawazin.net/Details.aspx?jimare=177637

Dollar Exchange Rates In Local Markets Today

Market  Economy News _ Baghdad  Today, Tuesday, the dollar exchange rates remained stable in the local markets.

And the selling prices of the dollar were recorded at 148.250 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147.750 dinars per 100 dollars.

Views 153 Date Added 07/12/2021   https://economy-news.net/content.php?id=26907

 

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