In TNT 

Tishwash:  Britain invites Iraq to London arms fair

The British Department of International Trade invited Iraq to attend the largest arms exhibition called (DSEI), an acronym for Defense Equipment and International Security, which is held every two years in London.

A report by the British Guardian newspaper stated that delegates will mingle with more than 800 exhibitors, including 90 percent of the world’s 10 largest arms manufacturers, during a four-day international event taking place despite the global Corona virus pandemic.   link

Tishwash:  Oil continues its gains, and Brent touches $ 74

Oil prices continued their gains on Tuesday, hovering near their highest levels in six weeks, amid indications that another storm may affect production in Texas this week, with Brent touching $74.

Brent crude was up 49 cents, or 0.67%, at $74.00 a barrel by 05:11 GMT, after rising 0.8% the previous day. US West Texas Intermediate crude rose 52 cents, or 0.74 percent, to $70.97 a barrel, after rising 1.1 percent on Monday.

Evacuations were underway Monday from offshore oil rigs in the US Gulf of Mexico as onshore oil refineries began preparing for Tropical Storm Nicholas, which was headed toward the Texas coast with winds of 70 mph (113 kph), threatening the coast of Texas. Texas and Louisiana still recovering from Hurricane Ida.

Concerns about Nicholas prompted buying as it could hit the region after more than 40% of US oil and gas production in the Gulf remained shut down on Monday, two weeks after Storm Ida, one oil source said.

“But the market’s upside will be limited as the summer driving season in the United States wanes and there are potential increases in supply from the planned leaks of oil from strategic reserves in the United States and China, as well as the possibility of Iran resuming oil exports,” he added.

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand for the fourth quarter of 2021 due to the coronavirus delta variable   link


Tishwash:    Qatar Development: New business partnerships in the Iraqi market

Qatar Development Bank successfully concluded the commercial coordination meetings between Qatari exporting companies and Iraqi buyers and importers, which were held in the Iraqi capital, Baghdad, between the seventh and eighth of this September, in a bilateral economic initiative that is the first of its kind with the Iraqi market.

These meetings come after the holding of the “Baghdad Conference for Cooperation and Partnership” at the end of last month, in which His Highness Sheikh Tamim bin Hamad Al Thani, along with a number of Arab leaders and presidents and relevant international bodies, participated, and is a practical embodiment as well to reactivate economic cooperation between the Republic of Iraq. And the State of Qatar through the Iraqi-Qatari Joint Committee.

The meetings witnessed the presence of many dignitaries from both sides. Where the Qatari Ambassador to the Republic of Iraq, His Excellency Mr. Khalid bin Hamad Al-Sulaiti, gave the welcoming speech to the meetings, in which he stressed the keenness of the leadership of the State of Qatar on the future and stability of the brotherly Republic of Iraq, and the need for Iraq to restore its leading position and consolidate its national sovereignty through building state institutions, as well as the participation of His Excellency the Minister of Environment.

The Iraqi Dr. Jassim Abdel Aziz Hammadi, who delivered the keynote speech for the ceremony, expressed the happiness and appreciation of the brotherly Government of the Republic of Iraq for the tireless efforts of the State of Qatar to ensure the stability and sustainable development of the Republic of Iraq. He also stressed in his speech the importance of holding such coordination meetings between the various sectors between the two countries to enhance cooperation. and increase trade exchange. 

In the opening speech of the Qatar Development Bank, Mr. Hamad Salem Mujiger pointed to the importance of the Iraqi market and the need to invest the enormous opportunities it possesses through coordination meetings or other cooperative trade platforms, and, in his talk about trade relations between the two countries, stressed the prospects for meaningful cooperation and the need to identify sustainable development opportunities. Through economic and commercial cooperation to serve the two brotherly countries.

As for the participating companies from both sides, 18 Qatari exporting companies participated in more than 150 coordination meetings with 200 Iraqi companies, and the initial contracts between the two parties resulted in the signing of initial contracts worth 36 million Qatari riyals.

The industrial sectors covered by the meetings ranged from various sectors such as construction materials, plastics, medical, pharmaceuticals, paper products and many other sectors of interest to both countries.

The owners of Qatari companies expressed their happiness to participate in these coordination meetings, thanking the mechanism of its management and organization, and their aspiration to expand their work horizons in the Iraqi market in the near future.

It is noteworthy that these meetings are the result of a year-long cooperation between Qatar Development Bank and the Independent Research Group to study the Iraqi market and identify the best courses of future work in it. 2020.

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