Iraqi News Saturday Morning Iraq Economic News Highlights 4-22-23

Saturday Morning Iraq Economic News Highlights 4-22-23


Learn About Iraq’s Rank Among The Richest Countries In The World


2023-04-22 04:40   Shafaq News/ Iraq ranked 115th among the richest countries in the world in terms of per capita GDP adjusted for purchasing power, according to the American Global Finance magazine.


And the magazine stated in its latest report for April 2023, seen by Shafaq News Agency, “Inflation rates and the cost of local goods and services, we can get a more accurate picture of the average standard of living in the country: the resulting figure is what is called purchasing power parity (PPP), and often It is expressed in international dollars to allow comparisons between different countries.


She explained that “the 10 poorest countries in the world, the average per capita purchasing power is $1,380, while in the ten richest countries, the average per capita purchasing power is more than $05,000, and the per capita purchasing power has grown by only $30 in poor countries and by more than $5,000 in rich countries.” high income.”


According to the magazine, “Iraq ranked 115th in the richest countries in the world out of 193 countries listed in the table,” indicating that “per capita GDP in Iraq amounted to 12.927 thousand dollars.”


Globally, according to the magazine’s report, Ireland ranked first in the richest countries in the world with a share of 145,196 dollars, followed by Luxembourg second with a share of 142,490 thousand dollars, and Singapore came third with a share of 133,895 thousand dollars, and Qatar fourth with a share of 124,848, while South Sudan was at the bottom of the table and ranked 193rd with a share of $ 516. It is preceded by Burundi, 891 dollars.


In the Arab world, Qatar ranked first and fourth in the world with a share of 124,848 thousand dollars, followed by the UAE second and 6th in the world, with a share of 88,221 thousand dollars, followed by Saudi Arabia third and 23rd in the world with a share of 64,836 thousand dollars, followed by Bahrain fourth and ranked 27th in the world with a share of 60,596 thousand dollars, followed by Kuwait fifth and ranked 53 in the world with a share of 53.037 thousand dollars, followed by Oman sixth with a share of 42.188 thousand dollars, and then Libya came seventh with a share of 24.559 thousand dollars.


The magazine added that Egypt came eighth with a share of 16.979 thousand dollars, followed by Algeria ninth with a share of 13.507 thousand dollars, then Tunisia tenth with a share of 13.270 thousand dollars, then Iraq comes in the 11th place, followed by Jordan in the 12th place in the Arab world and a share of 12.893 thousand dollars, while the table did not include both : Lebanon, Syria, Afghanistan and Ukraine due to the lack of integrated official statistics in these countries.  LINK


Foremost Among Them Is Iraq .. Iran: The Volume Of Trade Exchange With Neighboring Countries Amounted To Nearly 60 Billion Dollars


2023-04-22 Shafaq News/ The International Relations and Commercial Development Committee of the Iranian Chamber of Industry, Mining and Commerce announced, on Saturday, that the volume of trade exchange between its country and 15 neighboring countries amounted to 58 billion and 843 million dollars during the past Iranian year (ending on March 20), usually Iraq. introduction to these countries.


Iran’s semi-official Fars news agency quoted the committee’s spokesman, Ruhollah Latifi, as saying: “Last year witnessed the exchange of nearly 96,767,117 tons of goods and merchandise between Iran and 15 neighboring countries, and this volume shows a growth of 4/14 percent compared to the year in which preceded by


He added that the non-oil trade between Iran and these countries last year witnessed the export volume exceeding the import volume, as the value of exports amounted to 30,537,406,659 dollars, while the value of imports amounted to 28,305,793,797 dollars.


Latifi also indicated that 52 percent of the volume of trade between Iran and these 15 countries is for non-oil trade, and that Iraq is at the forefront of importing countries from Iran, followed by Turkey, the UAE, Afghanistan and Pakistan.  LINK


Democrat: Stopping Oil Exports Through The Turkish Port Of Ceyhan Affects Iraq’s Imports


Today 11:14  Information/Baghdad..    The representative of the Kurdistan Democratic Party, Jay Taymur, confirmed, on Saturday, that stopping oil exports through the port of Ceyhan causes severe damage to the total revenues of the Iraqi state, calling for the need to resume oil exports.


Timur said in an interview with Al-Maalouma agency, that “stopping oil exports through the Turkish port of Ceyhan affects Iraq’s budget on a daily basis,” explaining that “it does not only affect the Kurdistan region, but also Kirkuk’s exports.”


He added, “We are waiting for the government to expedite the resumption of oil exports and solve all problems with Turkey,” attributing “the reason for stopping exports to the decision of the International Arbitration Court, which obliged Turkey to pay one billion 600 million dollars to the central government.”


He pointed out that “millions of barrels are suspended, and Iraq will not benefit from its imports.” He pointed out that “it is necessary to reach an agreement and reach understandings regarding the resumption of oil exports through the Turkish port of Ceyhan.”


And Prime Minister Muhammad Shia’a al-Sudani had directed all ministries to submit monthly reports that include non-oil revenues collected by the ministries and to discuss them. End / 25h  LINK



Khazali Reveals Notes That Will Be Included In The Budget Before It Is Passed


Information/Baghdad..   The representative of the Al-Fateh Alliance, Faleh Al-Khazali, confirmed that he included some observations in the 2023 budget, indicating that some disadvantaged cities will be included for fairness.


Al-Khazali said in a televised interview, followed by Al-Maalouma, that “the budget must ensure fair distribution according to disadvantage and oppression.”


He added, “There are parliamentary remarks that will be discussed in order to ripen the draft budget.”


He pointed out that “the employees’ salaries are insured, and we stressed the need to amend the salary scale,” noting that “modifying the salary scale is an urgent necessity due to inflation and the rise in the dollar.” Ended 25   LINK


The exchange rates of the dollar on the local stock exchange today, Saturday


Saturday 22, April 2023 10:49 | Economical Number of readings: 157  Baghdad / NINA /- The exchange rates of the dollar on the local stock market increased slightly today, Saturday.


The selling price was 144,000 dinars for one hundred dollars, and the purchase price was 142,000 dinars for one hundred dollars.


In the north, the selling price rose to 144,250 dinars for one hundred dollars, and the purchase price was 142,250 dinars for one hundred dollars.


In the south, the selling price reached 144,500 dinars for one hundred dollars, and the purchase price was 142,500 dinars for one hundred dollars. It is noteworthy that the central Kifah Stock Exchange in Baghdad closed last Thursday at 143,000 Iraqi dinars for 100 dollars selling, and on the Erbil Stock Exchange, the dollar also recorded a decline, as the price reached 143,250 dinars for every 100 dollars./ End 8 To receive more news


Kurdistan expects 7 million tourists to visit the region this year


Shafaq News/ Today, Saturday, the Kurdistan Region Tourism Authority expected seven million tourists to visit the cities of the region during the current year 2023.


The spokesman for the Tourism Authority of the Kurdistan Regional Government, Ibrahim Abdul Majeed, said in a press statement received by Shafaq News Agency, that more than two million local and foreign tourists arrived in the Kurdistan Region during the first three months of this year.


He added that according to the plan, more than seven million tourists are expected to visit the tourist areas in Kurdistan until the end of this year.


A spokesman for the Kurdistan Tourism Authority stated that they made full preparations for the blessed Eid al-Fitr holiday, so that the tourists who came to the cities of the Kurdistan Region could spend enjoyable times.   LINK


A Deputy Reveals Efforts To Transfer Funds To Support The Development Of The Regions In The 2023 Budget


Information / Diyala…    Representative Ahmed Rahim confirmed, on Saturday, the existence of parliamentary efforts to conduct a transfer of funds to support the development of the regions in the 2023 budget.


Rahim said in an interview with Al-Maalouma, “What was allocated in the 2023 budget for the development of the regions does not exceed 2.5 trillion, which represents a very small percentage that cannot cover the needs of the provinces, including Diyala, or at least finance ongoing projects.”


He added, “The survival of what is allocated for the development of the regions within its current borders will constitute pressure on the provinces that are in dire need of new projects and ongoing financing, stressing the existence of parliamentary efforts that are currently being made in order to conduct a transfer of funds through the doors to support the development of the regions in the 2023 budget.”


He pointed out that “increasing the financial allocations of the provinces is very important, especially with the presence of projects that require direct ones, especially the ministerial ones that they have worked on for years.”


And the provinces depend on the development of the regions as an annual budget to finance service projects in several fields.   LINK


Central Bank Sales Approaching One Billion Dollars In 4 Days


Drains  Economy News-Baghdad   The Central Bank of Iraq’s total sales of hard currency to dollars rose during the past week to more than 900 million dollars.


The correspondent of the “Economy News” agency stated that the Central Bank sold during the past week, during the four days in which the auction was opened, the amount of 904 million and 354 thousand and 091 dollars, at a daily rate of 226 million and 88 thousand and 522 dollars, up by 2.26% from what was recorded in the week that followed. It preceded it, in which the sales rate reached 211 million and 156 thousand and 980 dollars.


He added that the highest dollar sales during the past week were on Tuesday, when sales amounted to 283 million and 45 thousand and 994 dollars, while the lowest sales were on Monday, when sales amounted to 127 million and 85 thousand and 570 dollars.


He pointed out that sales of foreign remittances amounted during the past week to 539,954,091 dollars, an increase of 32.51%, compared to cash sales, which amounted to 364,400,000 dollars.


He explained that the sales went in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards amounted to 1,305 dinars per dollar, while the selling price of remittances abroad and the cash sale price amounted to 1,310 dinars per dollar.


Gallup Poll: Iraqis Hate Iran The Most In The Muslim World


Baghdad – Nas   After years of hostility, Saudi Arabia and Iran began last week to reopen their embassies in Tehran and Riyadh, in the latest step towards restoring diplomatic relations between the two regional rivals. According to Gallup polls, it does not enjoy mass popularity even among Shiite circles, which explains the secret of the strength of the Iraqi Shiite leader Muqtada al-Sadr, according to the institution.


The foundation’s data tracked by “NAS” (April 22, 2023) shows that in 13 Muslim-majority countries stretching from Morocco to Pakistan, average support for the Saudi leadership in 2022 was much higher than the Iranian leadership (39% vs. 14%, respectively). Because in addition to being the most important oil producer in the world, it is the custodian of the Two Holy Mosques, and its relative popularity in the countries located in the immediate and surrounding areas makes it an indispensable partner easily.


The following is a summary of the statements of the international organization:


The popularity of the Kingdom’s leadership is higher than that of its counterpart in Iran in all 13 countries surveyed in 2022, and many of these countries have witnessed a large gap in numbers, and Kuwait and Libya stand out in their preference for the Kingdom, while Turkey and the Palestinian territories are at the forefront of those who reject Saudi Arabia.


In neighboring Kuwait, the difference in popularity between the two leaderships of 47 percentage points in favor of the Kingdom highlights the close relationship between the two member states of the Gulf Cooperation Council and OPEC partners, while the difference between the popularity of the leadership recorded in Libya of 41 points is in the interest of the Kingdom.


While popularity is higher for Saudi Arabia in all countries, the difference in popularity between the two leaderships in Riyadh and Tehran is less pronounced in Turkey, where the strong disapproval of both the Kingdom and Iran translates into a slight difference of only three points in favor of the kingdom (11% for Saudi Arabia and 8% to Iran).



And in the Palestinian territories, the approval gap is relatively low at 12 points, although Palestinians’ opinions of all the foreign powers, including China, Russia and the United States, have remained similarly low for years. (26% for Saudi Arabia and 14% for Iran).


In 2022, Pakistan alone saw half of the sample respondent support Iran, while other countries reached no more than a quarter of the population, making Iranian leadership unpopular among the other 12 countries.


The countries where Iran has had the most influence give Tehran some of the lowest popularity scores such as Iraq, where large majorities oppose Iranian leadership in Iraq (86%), Yemen (80%) and Lebanon (73%).


Unlike the Kingdom and most countries in the region, Iran is not Sunni or Arab, but while Lebanon’s Shia population gives Iran relatively high levels of support (58% approval vs. 39% disapproval), Iraq’s Shia Muslims do not (17% agree vs. 83% rejected), and this explains the source of support for the Iraqi nationalist leader Muqtada al-Sadr.


Gallup poll: Iraqis hate Iran the most in the Muslim world Me_ga