Iraq Economic News 6-9-2024

Al-Sudani: The Government Has Provided A Safe Investment Environment And Financial And Banking Facilities That Are Attractive To Experienced Companies

Sunday 09, June 2024 13:08 | Economical Number of readings: 478 Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani confirmed that the government has provided a safe investment environment, and financial and banking facilities that are attractive to experienced companies, which opens horizons for continuous cooperation, reflects positively on the local economy, creates job opportunities, and maximizes Iraq’s oil resources, in light of The goal of converting at least 40% of Iraq’s oil exports into derivatives and refining products, in addition to gas investment.

A statement from his media office said that today, Sunday, Prime Minister Muhammad Shiaa Al-Sudani, Chairman of the Board of Directors of Al Hilal Companies, Mr. Hamid Jaafar, and his accompanying delegation, indicating that the meeting witnessed a review of the progress of work in the projects undertaken by the company in Iraq, especially the company’s project within the fifth round of licensing.

In addition to confirming the government’s vision to expand productive partnerships with companies and regional and international economic groups, in cooperation with the Iraqi private sector, within the government’s platform for economic reform.

For his part, Hamid Jaafar expressed his appreciation for the government’s steps in facilitating all aspects of fruitful work, and the Prime Minister’s directives to remove obstacles and impediments that hinder the work of investment companies, and to prepare everything that would raise levels of cooperation./End 7 https://ninanews.com/Website/News/Details?key=1131529

Iraqi Oil Exports To America Decreased During The Past Week

Sunday 09, June 2024 10:29 | Economical Number of readings: 252 Baghdad / NINA / The US Energy Information Administration announced today, Sunday, that Iraq’s oil exports to America decreased during the past week.

The administration said in a table, “The average US imports of crude oil during the past week from 7 major countries amounted to 5,757 million barrels per day, an increase of 290 thousand barrels per day from the previous week, which amounted to 5,467 million barrels per day.”

She added, “Iraq’s oil exports to America amounted to 126,000 barrels per day last week, down by 107,000 barrels per day from the previous week, which amounted to 233,000 barrels per day.”

The administration indicated that “most of America’s oil revenues during the past week came from Canada, Mexico, Colombia, and then Saudi Arabia.”

According to the table, “the amount of American imports of crude oil continued, from Brazil and Ecuador, while Libya and Nigeria did not export any amount of oil to the United States during the past week.”/End https://ninanews.com/Website/News/Details?key=1131488

Today…The Central Bank Sells $250 Million

Economy | 06/09/2024 Baghdad – Mawazine News Central Bank data revealed today, Sunday, the sale of more than 245 million dollars through the currency auction window.

During its auction for buying and selling the US dollar, the Central Bank sold 269 million 320 thousand and 104 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for external transfers.

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 245 million 90 thousand and 104 dollars, an increase of 90% over cash sales amounting to 24 million 230 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=249403

Evening List Of Dollar Prices.. Get To Know Them

Economy | 04:17 – 06/09/2024 Baghdad – Mawazine News publishes an evening list of the dollar exchange rates against the local dinar in some Iraqi governorates. The list was as follows:

Baghdad: Selling prices: 148,000 Purchasing prices: 146,000

Basra: Selling prices: 146,500 Purchasing prices: 146,000

Erbil: Selling prices: 147,000 Purchasing prices: 146,000

Najaf: Selling prices: 147,000 Purchasing prices: 145,500

https://www.mawazin.net/Details.aspx?jimare=249412

Provoking Thoughts and Points To Ponder On Adversity:

Trouble will rain on those who are already wet. – Anonymous

They say a reasonable amount o’ fleas is good for a dog – it keeps him from broodin’ over bein’ a dog mebbe. – Edward Noyes Westcott

There is nothing the body suffers which the soul may not profit by. – George Meredith

The burden is equal to the horse’s strength. – The Talmud

Nothing befalls a man except what is in his nature to endure. – Marcus Aurelius

I am escaped by the skin of my teeth. – Bible