Iraqi News Highlights Wednesday Afternoon 7-19-23
Tlm724 Administrator Bondlady’s Corner
Citizens In Mosul Are Calling On The Central Bank And The Government To Solve The Problem Of The Exchange Rate
Wednesday 19, July 2023 11:03 | Economical Number of readings: 471 Mosul ( NINA ) – Citizens of Mosul called on the Central Bank and the government to take urgent measures to address the problem of the continuous rise in the exchange rates of the dollar, which reached about 150,000 dinars for every hundred dollars in the markets.
One of the most prominent merchants in the city of Mosul, Hassan Kilawi, said in a statement to the National Iraqi News Agency ( NINA ) that “the continuation of the rise in this way affects the economic situation and markets in Mosul and the whole of Iraq.”
He continued, “The Mosul markets are witnessing a very large stagnation due to the high prices of food products, which was a major reason for the rise in the price of the dollar, which negatively affected the Mosul street, calling on the Central Bank to intervene quickly to solve the crisis of the high price of the dollar, which negatively affected citizens due to the deterioration of the economic conditions in Iraq in general, especially Nineveh.”
Uday al-Badrani confirmed, “This increase has led to a deterioration in the purchasing power of citizens and an increase in the cost of living.
Prices were greatly affected, as the prices of basic commodities, foodstuffs and basic supplies rose. Various economic sectors, such as industry, agriculture and trade, were also affected due to high import costs and a decline in investments, and this led to a deterioration in the economic situation and an increase in unemployment and poverty rates .
https://ninanews.com/Website/News/Details?key=1065778
The Stability Of The Exchange Rates Of The Dollar Against The Dinar In The Local Markets
Wednesday 19, July 2023 10:05 | Economical Number of readings: 574 Baghdad / NINA / – The exchange rates of the dollar against the dinar witnessed stability in banking offices and local markets today, Wednesday.
The selling price of the dollar in exchange offices and local markets this morning reached 149,250 dinars per hundred dollars, and the purchase price was 147,250 dinars per 100 dollars./ End 9
https://ninanews.com/Website/News/Details?key=1065762
Oil Minister: We Welcome Cooperation, Partnership And Investment With Saudi Arabia
Wednesday 19, July 2023 17:08 | Economical Number of readings: 468 Baghdad / NINA / – Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, received a delegation from the Saudi Ministry of Energy, and affirmed Iraq’s welcome for cooperation, partnership and investment with Saudi Arabia to develop the oil and energy sector.
A statement by the Ministry of Oil stated: “Minister Hayan Abdul-Ghani received the Assistant Minister of Energy for Oil and Gas Affairs in the Kingdom of Saudi Arabia, Muhammad bin Abdul Rahman Al-Brahim, and his accompanying delegation, which included a number of officials and advisors in the Ministry of Energy and Saudi Aramco.”
Abdul-Ghani welcomed, according to the statement, cooperation, partnership and investment with the brothers in the Kingdom to develop the oil and energy sector, “noting that” this meeting comes as a continuation of the results of the visit of Prime Minister Muhammad Shia Al-Sudani to the Kingdom, and the desire of the two countries to develop bilateral relations, in addition to accelerating the conversion of joint projects into actual practical implementation, in a way that serves the common interests of the two brotherly peoples. “
He pointed to” the distinguished relations between Iraq and the Kingdom, which witnessed great development, and Iraq’s welcome to Saudi companies to invest and participate in the development of oil and gas fields, refining, infrastructure and others.
https://ninanews.com/Website/News/Details?key=1065835
Details Of The 20th Session Of The Ministerial Council For Economy
Money and business Economy News – Baghdad Today, Wednesday, the Ministerial Council of Economy decided to reduce rents for fish farms.
A statement by the Ministry of Foreign Affairs stated, “Deputy Prime Minister and Foreign Minister Fuad Hussein chaired the twentieth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister, Minister of Planning, Ministers of Finance, Trade, Industry and Agriculture, Secretary General of the Council of Ministers, Governor of the Central Bank of Iraq, Chairman of the National Investment Commission, Advisor to the Prime Minister for Legal Affairs and Chairman of the Securities Commission.”
The statement added, “The council discussed the items on its agenda and took the appropriate decisions in this regard,” noting that “the council hosted the Minister of Water Resources to review the work and plans of the ministry to include strategic irrigation projects and benefit from the experience of discreet companies and the introduction of modern methods of irrigation.
And the statement continued, “The council discussed the project to build a hospital with a capacity of (600) beds, and the problems related to this project.”
According to the statement, the Chairman of the Council stressed, “the need to complete the hospital project in accordance with the legal contexts and in a transparent manner, to complete all requirements and according to the applicable instructions, and to prepare files and priorities in order to present them in the upcoming meetings.”
And the council decided to “reduce the rental fees for fish breeders’ farms contracting with the Ministry of Agriculture and who were unable to complete their projects due to the expansion of the salt spout in the Shatt al-Arab.” Views 88 07/19/2023 – 3:22 PM https://economy-news.net/content.php?id=35218
Transport: The Revenues Of Iraq’s Ports Amounted To Half A Trillion Dinars Within 6 Months
Money and business Economy News – Baghdad The Ministry of Transport announced, on Wednesday, that the General Company for Iraqi Ports achieved “exceptional” financial revenues during the first half of the current year 2023.
The ministry said in a statement, “The financial revenues of the Iraq Ports Company amounted to nearly half a trillion Iraqi dinars, during the first six months of the current year 2023.”
The statement added, “These revenues exceeded by a large margin the revenues achieved during the same period in the previous two years.”
And the statement continued, “The exceptional financial achievement reflects the success of the development plans adopted by the company’s management under the supervision of the minister, which reflects the strength and sustainability of the company’s growth and its ability to achieve good financial profits.” Views 17 07/19/2023 – https://economy-news.net/content.php?id=35222
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