Friday Afternoon Iraq Economic News Highlights 10-7-22
Sources For “Economy News”: Israel Bought 5.8 Million Barrels From Kurdistan During The Past Month
Energy Economy News – Baghdad The Kurdistan region exported more than 15.6 million barrels per day during the month of September.
Sources told “Economy News”, “The Kurdistan region exported on a daily basis 522.8 thousand barrels, with a total of 15.6 million barrels, during the month of September.”
She added that the countries that imported from the region are Israel, at a rate of 195.6 thousand barrels per day, as it ranked first in total exports, as it imported alone 5.8 million barrels.
She confirmed that Greece bought 4.2 million barrels, then Italy 3.17 million barrels, and Turkey 953.4 thousand barrels. There are great differences between Baghdad and Erbil, about the region’s export of its oil independently, as the SOMO company has pursued international companies that buy the region’s oil, but so far the efforts are still clear.
43 . views Added 10/07/2022 – 1:33 PM Update 10/07/2022 – 3:00 PM
https://economy-news.net/content.php?id=30096
Gold Is Heading For The Largest Weekly Gain Since Last March
Economie 2022-10-07 | 02:29 514 views Gold prices rose slightly today, Friday, heading towards the largest weekly increase since last March, and ahead of the US jobs report, which may support investors’ expectations about the path of the Federal Reserve to raise interest rates.
The dollar index and the yield on US 10-year Treasury bonds stabilized after rising in the evening.
Investors are now focused on the NFP report United State To be released later on Friday, economists expect 250,000 jobs added last month, compared with 315,000 in August.
By 0551 GMT, gold rose in spot transactions by 0.1 percent at $ 1712.6 an ounce.
Prices rose about 3 percent this week, supported by the decline in the dollar and the yield on Treasury bonds, after reaching the highest level in years.
US gold futures settled at $1,720.40 an ounce.
As for other precious metals, silver fell in spot transactions 0.4 percent to $ 20.56 an ounce. Platinum fell 0.4 percent to $918.38 an ounce. And palladium lost 0.6 percent to $2247.62 an ounce. LINK
Oil Is Stable At $94 A Barrel In Global Markets
Economie 2022-10-07 | 02:43 362 views Alsumaria News – Economy Oil prices stabilized today, Friday, before the announcement of important US economic data, after rising by more than 1% in the previous session, after the OPEC + group’s decision to reduce oil production by two million barrels per day.
Brent crude futures fell 11 cents to $94.31 a barrel.
West Texas Intermediate crude futures fell five cents to $88.40 a barrel, after hitting $98.37 a barrel, the highest level since Sept. 14.
The dollar’s rise added to pressure on oil prices, amid statements from Federal Reserve officials (the US central bank) that the bank will continue to tighten monetary policy significantly and quickly.
Markets are awaiting a report on non-farm payrolls data in the United States later on Friday, with economists expecting 250,000 jobs added last month, compared to 315,000 in August. LINK
The Service Council Clarifies The Procedures For Appointing 5 Categories Under Emergency Support[/Size]
Iraq 22:09 – 06-10-2022 Today, Thursday, the Federal Service Council clarified the procedures followed to appoint 5 categories covered by appointments under the emergency support allocations and the ministries’ need, while stressing that the size of the financial allocation will determine the size of the numbers that can be appointed.
The council’s president, Mahmoud Al-Tamimi, said, “The council moved to conduct the first appointment process of its kind targeting the holders of higher degrees and the first three for their colleges and departments.”
He added, “In accordance with what was stated in the emergency support law and the Diwaniyah Order Committee / 35, which established the legal chain for the appointment of those covered, the Ministry of Higher Education and the rest of the ministries that have governmental colleges and institutes were obligated to send all the data related to them to the Financial Supervision Bureau to conduct the required intersection, and the requested was sent.”
He continued, “After the Court conducted the required boycott, the names of those entitled were sent to the Federal Service Council, and the door was opened for objection to the implemented intersectional procedures, and priorities were rearranged according to the results.”
He stressed that “the names were divided into 5 tables and categories, they are diploma and higher diploma graduates, institutes and colleges who have obtained bachelor’s, master’s and doctoral degrees. It can be employed and it is not possible to specify a specific number.”
On the mechanism of appointment and division of those covered, Al-Tamimi explained that “a number of ministries indicated the size of their need for new employees, as well as those they want to transfer to the permanent owners of their contracts.” https://kirkuktv.net/AR/Details/9487
The General Secretariat Reveals The Developments Of The Ancient City Of Ur Project
Iraq 11:38 – 07-10-2022 Today, Friday, the General Secretariat of the Council of Ministers clarified the developments of the archaeological city of Ur project, and while confirming the completion of the field survey process for the city, it revealed two-pronged recommendations regarding the project.
The spokesman for the General Secretariat, Haider Majid, said, “The most important recommendations that came out of the various meetings of the ancient city of Ur were twofold. The first is the continuation of the Ministry of Culture in the process of maintaining and maintaining the ziggurat, as well as the continuation of the excavation process inside the ancient city.”
Majid added that “the other part of the recommendations included the establishment of the tourist city of Ur, which will be outside the vicinity of the ancient city.”
He pointed out that “Dhi Qar Governorate has completed the field survey process for the area and the allocated space, and it is in the stage of preparing designs for this tourist city,” stressing that “the city will include a center for interfaith dialogue, a mosque, a church, a museum and a theater, in addition to hotel and residential complexes, green spaces and a recreational area up to ranks of world tourist cities.
He added, “The project will be referred to a company for implementation after the designs are completed and approved.” https://kirkuktv.net/AR/Details/9493
Ministry Of Electricity: The Interconnection Line With Jordan Will Support The Economy And The Investment Movement In The Country
Iraq 21:32 – 06-10-2022 Today, Thursday, Minister of Electricity, Adel Karim, identified the most important gains achieved from the connection with Jordan, and while he explained that it will be in 3 phases and will support the country’s economy and investment movement, he revealed a move to launch new alternative energy projects next year, with a size of 5,000 megawatts.
The Minister of Electricity said that “the interconnection line project with Jordan consists of 3 phases, the first will provide 150 megawatts, the second 500 megawatts, and the third 900 megawatts. It is hoped that the line will be fully completed next summer.”
He added, “The line will supply Al-Qaim district and neighboring areas with electric power as a first stage to end the problem of processing in those areas far from the generation and production centers, and the second phase will support the western region with electricity.”
He added that “the third phase will witness linking the line with the Iraqi national network to support it as a whole,” stressing that “the line will contribute to operating phosphate plants in Akashat in Anbar Governorate, encouraging local and international investment to establish other plants in the western region, especially in phosphates. It will also support the industrial zone project between Iraq and Jordan and support country’s economy.
He pointed out that “Iraq has an ambitious plan to connect it to the electricity of neighboring countries such as Turkey and the Gulf states, and there are 4 lines with Iran, and Iraq wants to be a corridor for the global energy market between the Gulf and Europe through Turkey and vice versa, and the current line with Saudi Arabia will be completed within 30 months and it transfers energy according to a technology that allows transmitting energy for thousands of kilometres.
Regarding the cost of establishing the line with Jordan, he explained that ”
With regard to alternative energy projects, Karim said, “The Ministry of Electricity has taken a big step in implementing 7500 megawatts of generation projects through solar energy as a first stage, in agreement with international and regional companies, and we will launch other projects with a capacity of 5000 megawatts next year.” https://kirkuktv.net/AR/Details/9486
Federal Immigration: Launching A Financial Grant For More Than 6 Thousand Families Returning To Their Regions
Iraq 15:55 – 10-06-2022 Today, Thursday, the Federal Ministry of Migration and Displacement announced the launch of a new financial grant to families returning to their regions.
The Minister of Migration and Displacement, Othman Al-Ghanimi, said, “The ministry has started launching a new financial grant amounting to one and a half million dinars, for families returning to their original areas of residence.”
He explained, “The grant included 6,666 families,” stressing that “the release of these amounts came after vigorous efforts were made in order to give these families their entitlement and improve their living conditions in light of the difficult economic conditions that surround them after their return from the displacement camps.”
He stressed, “the need to expedite the completion of the transactions of the rest of the families to include them in the financial grants during the coming days, after the availability of sufficient funds for this matter.” https://kirkuktv.net/AR/Details/9474
Kirkuk Governor Reveals The Most Important Investment Opportunities In The Province
Economie| 09:13 – 06/10/2022 Baghdad – Mawazine News Kirkuk Governor Rakan al-Jubouri confirmed today, Wednesday, that the opening of the province’s airport will stimulate investment, while revealing the most important investment opportunities.
Al-Jubouri said, “The province of Kirkuk possesses sites with a special tourist vision in the Dibs district, as it represents an extension of the Zab River and the Altun Bridge district, which contains the banks of the Zab River,” noting that “these sites are frequented by the citizens of Kirkuk constantly.”
He explained, “The governorate contains historical sites such as Al-Qashla in the city of Kirkuk and the forests in the Dibs district, Hawija and the Riyadh district,” stressing “the need to move towards investment projects in the governorate, especially as it witnesses security and political stability.”
He added, “One of the most important ingredients to motivate investors in the province will be the opening of Kirkuk Airport to be a catalyst for facilitating travel to it and opening the door for local and foreign investors towards Kirkuk.”
He called “all investors to go to the province and see investment opportunities, especially in the tourism sector.” Ended 29 / p. 87 https://www.mawazin.net/Details.aspx?jimare=207530
Parliamentary Integrity Confirms The Theft Of Tax Funds That Exceeded (800) Million Dollars
Political | 08:09 – 06/10/2022 Baghdad – Mawazine News , a member of the Parliamentary Integrity Committee, Representative Ahmed Taha Al-Rubaie, confirmed that there is a theft in the revenues of the trust accounts belonging to the general tax in Rafidain Bank, which exceeds (800) million dollars, and no authority or entity can cover this theft or deny it in favor of the thieves of public money.
Al-Rubaie said in a statement that Mawazine News received a copy of it, “After we addressed the Ministry of Finance to provide us with the results of the investigative committees on the file of the loss of the revenues of the trust accounts belonging to the general tax in the Rafidain Bank, which is estimated at more than a trillion Iraqi dinars, and to indicate the real numbers of the amounts and suspects who They took the money illegally.”
He added, “The ministry replied that it had formed an investigation committee to conduct the administrative investigation into the matter, and the investigation committee recommended precautionary recommendations regarding what they were changed in the investigation, because the loss of these huge amounts from the account of the General Tax Authority was during the period of their administration and under their direct responsibility and powers.”
He continued, “The ministry is awaiting the judicial investigation, as the case is before the judiciary, which has a general mandate to protect public money.”
Al-Rubaie indicated that the answers of the Ministry of Finance confirm the existence of this theft, and no party or authority can cover it up or even deny it.
Al-Rubaie called on government and regulatory agencies to “prevent the travel of some managers and senior cadres in the Tax Authority who have been changed until the end of the administrative and judicial investigation.” Al-Rubaie demanded the Federal Integrity Commission, to ”
https://www.mawazin.net/Details.aspx?jimare=207522
