Iraq Economic News and Points To Ponder Thursday Afternoon 8-1-24
During July, The Iraqi Market Trades Shares Worth More Than 60 Billion Dinars
Banks Economy News – Baghdad The Iraq Stock Exchange announced on Thursday that it will hold 21 trading sessions in July 2024, at a rate of five sessions per week. The sessions will not be held on the first and tenth of Muharram, which falls during the month.
According to the trading indicators for the month of July, the number of traded shares reached (61,327,427,127) shares, an increase of (80%) over the month of June, with a financial value of (60,199,416,955) dinars, an increase of (76%) over the month of June.
According to the index, the number of executed contracts reached (11,309) contracts, an increase of (26%) over the month of June.
The ISX60 index closed at 896.25 points in the last session of July 2024, up 1.6% from its June closing of 882.03 points.
The ISX15 free float index closed at (1008.30) points in the last session of July 2024, achieving an increase of (0.2%) from its closing in June (1005.49) last. 218 views Added 2024/08/01 - 11:31 AM https://economy-news.net/content.php?id=45822
Iraqi Central Bank Sales Rise To Nearly $300 Million In Today's Auction
Economy | 03:05 - 01/08/2024 Mawazine News – Baghdad The Central Bank of Iraq's sales recorded an increase in today's auction, Thursday, amounting to nearly 300 million dollars.
https://www.mawazin.net/Details.aspx?jimare=252509
The Paper Is Above 150 Thousand Dinars.. The Dollar Exchange Rate Rises Against The Iraqi Dinar
Economy | 01/08/2024 Mawazine News – Baghdad Mawazine News publishes today, Thursday, the exchange rates of the dollar against the Iraqi dinar in exchange shops in local markets in Baghdad.
- Selling 150250 dinars for every 100 dollars. - Buying 148250 dinars for every 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=252518
Oil Jumps Nearly 3 Percent As US Inventories Fall
Thursday 01 August 2024 07:28 | Economic Number of readings: 315 Baghdad / NINA / Oil futures jumped about three percent amid investor concerns about the expansion of the conflict in the Middle East, and after a sharp decline in US crude inventories.
Brent crude futures for September delivery rose $2.09 per barrel, or 2.66 percent, to $80.72 per barrel at settlement, while the more active October contracts rose $2.77 to $80.84.
US West Texas Intermediate (WTI) crude futures rose $3.18 per barrel, or 4.26 percent, to $77.91 per barrel at settlement, in their biggest daily gain since October 2023.
However, Brent crude ended July with a monthly decline of seven percent, while WTI crude fell by about four percent during the month. "
Government data showed that US crude inventories fell by about 3.4 million barrels last week."
Stocks fell for the fifth week in a row, the longest streak of declines since January 2021./End2
Iraq Signs Mou With British Company To Develop Kirkuk Fields
Money and business Economy News – Baghdad Prime Minister Mohammed Shia al-Sudani sponsored, today, Thursday, the signing ceremony of a comprehensive petroleum memorandum of understanding between the Ministry of Oil and the British Petroleum Company (BP) to develop Kirkuk fields for oil and gas production.
According to a statement, the Iraqi side was signed by Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani, while the BP CEO Murray Auchincloss signed on behalf of the company.
The statement added, “The memorandum includes the rehabilitation and development of the four fields of the North Oil Company in Kirkuk, which are the Kirkuk field with its two domes (Baba and Avana), the Bai Hassan field, the Jambur field and the Khabbaz field,
as well as the possibility of agreeing on other fields or exploration areas by agreement of the two parties, in light of the government’s efforts to optimally invest in promising opportunities in the energy sector, with the aim of increasing and enhancing oil production and gas and solar energy investments in this region.”
118 views 08/01/2024 - https://economy-news.net/content.php?id=45818
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