The Central Bank Of Iraq Sells More Than $ 257 Million
Time: 2024/10/15 15:48:16 Reading: 650 times  {Economic: Al Furat News} The Central Bank of Iraq’s dollar sales, on Tuesday, amounted to more than $257 million in the currency auction.

The Central Bank sold in its auction today 257 million, 793 thousand, and 643 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.  Most of the dollar sales went to boost balances abroad in the form of transfers and credits, which amounted to $252,843,643, an increase of 98% over cash sales of $5,050,000.

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 13 banks, and the total number of exchange companies participating in the auction was 8 companies.  LINK

Iraqi Oil Maintains Gains On Second Day Of Trading

Tuesday 15 October 2024 | Economic Number of readings: 245  Baghdad / NINA / Iraqi oil prices stabilized on Tuesday, the second day of trading, after exceeding the $77 per barrel barrier at the end of last week's trading.

Basra Heavy crude recorded $74.10 per barrel during yesterday's trading, while the average recorded $77.25 per barrel, with a change rate of +1.54 and +1.49, respectively.

The data also showed a decrease in global crude prices as well, as British Brent crude recorded $74.57, while US West Texas Intermediate crude recorded $71.05 per barrel, by -2.89 and -2.78. https://ninanews.com/Website/News/Details?key=1162191

Launching Of The Activities Of The International Scientific Conference Under The Slogan "Development And Financial And Economic Stability To Restore Confidence In The Dinar"

Tuesday 15 October 2024 | Economic Number of readings: 345  Mosul/ NINA / The activities of the international scientific conference were launched at the University of Mosul under the slogan "Development and Financial and Economic Stability to Restore Confidence in the Dinar.

Nineveh Governor Abdul Qader Al-Dakhil said during his attendance at the conference that Nineveh Governorate is regaining its health with its universities and scientific expertise."

Al-Dakhil added for the first time, "As a local government, we have implemented major strategic projects such as the Mosul Airport project and other vital development projects. We are working to develop the health sector by establishing many projects, the most important of which is the Ibn Sina Hospital project with a capacity of 600 beds."

He continued, "We are proud of our solid universities and we have an integrated plan that will be launched in the near future that includes all vital sectors, indicating that the city of waterfalls will see the light soon and the mini sports city in the right side of Mosul will join its ranks."

He said, "We have promising investment opportunities in the areas south of Mosul, whether in the oil, energy or sulfur sectors," noting that "the development road is one of the vital projects and will pass through the city of Mosul, in addition to the ring road, which is considered a vital and economic artery that revitalizes the city."

He added, "We promise our people in Nineveh that we are able to make Life again in a manner befitting its Iraqi identity, future and cultural heritage.”/ https://ninanews.com/Website/News/Details?key=1162221

In September, The United States Imported More Than 5 Million Barrels Of Oil From Iraq

10/15/2024  Mawazine News – Economy  Iraq's oil exports to the US exceeded 5 million barrels last September.  The US Energy Information Administration said, "Iraq exported 5.970 million barrels of crude oil to the US last September, up from 5.741 million barrels in August."

It added, "Iraq exported an average of 222,000 barrels of crude oil to the US during the first week of September, while it exported an average of 155,000 barrels per day in the second week, and exported an average of 265,000 barrels per day in the third week," noting that "the fourth week's exports averaged 152,000 barrels per day."

It continued, "Iraq came in fifth place in its exports to the US last month after Canada, which came in first place as the largest oil exporter to the US, followed by Mexico, Saudi Arabia, and Colombia." https://www.mawazin.net/Details.aspx?jimare=255987

Planning Launches Unified Electronic Platform Services

The Ministry of Planning announced today, Tuesday, the launch and activation of the services of the unified electronic platform for government advertisements and tenders (WWW.ITP.IQ), which is the first of its kind in Iraq.

The ministry said in a statement that "this platform was created under the direct guidance, supervision and follow-up of Deputy Prime Minister and Minister of Planning Mohammed Ali Tamim, and it specializes in tenders, contracts and government procurement affairs, stressing that "it will be applied to the rest of the ministries, agencies and governorates gradually."

The ministry indicated that "the platform will enable all government agencies to manage the activities of contracting procedures represented by publishing tender advertisements and selling their documents electronically and updating their statuses such as extension, re-announcement, cancellation and announcing the winner,

in addition to enabling all agencies to publish government purchase requests and solicit suppliers' offers to meet these requests electronically, leading to the preparation of a database that includes companies, contractors, suppliers and consultants interested in obtaining an opportunity to implement government projects using the method of direct invitations, contracting and direct purchase."

The ministry confirmed, according to the statement, that "the platform will allow commercial entities and businessmen to have immediate access to tenders announced by government contracting agencies and enable them to purchase the documents of these tenders electronically and follow up on the status of the submitted offers and the results of the study and analysis committees using the same mechanism."

The statement pointed out that "launching the electronic platform will contribute to supporting owners of small and medium enterprises, companies and suppliers by enabling them to submit their offers electronically to participate in government purchase request processing activities, in addition to allocating spaces within the platform that allow these commercial entities to promote their products and services electronically through the platform to activate electronic purchasing activity." He

explained that "the platform will enable companies, contractors and consultants to register their data, activities and specialized work within the platform database to enhance their opportunities to implement government projects using the direct invitation method and facilitate their selection processes for this purpose."

According to the statement, the ministry called on "commercial entities interested in implementing government projects, investment opportunities and preparing state purchases to visit the website (WWW.ITP.IQ) to view the platform's services, benefit from them and subscribe to its electronic services."    https://www.radionawa.com/all-detail.aspx?jimare=39758

The First Of Its Kind.. Launching The Baghdadna Electronic Service Platform

Baghdad Governorate logo  Local  Economy News – Baghdad  Baghdad Provincial Council announced on Tuesday the establishment of the Governance and Communications Committee to manage digital transformation in the capital, Baghdad, while pointing to the launch of the “Baghdadna” platform to provide more than 25 electronic services to citizens via smart devices.

The head of the e-governance and communications committee in the council, Muthanna Al-Azzawi, said in the first conference to announce the (Baghdadna) platform, which was followed by "Al-Eqtisad News", "We announce the establishment of the Governance and Communications Committee to manage digital transformation in Baghdad Governorate," indicating that "this committee is the first of its kind in the governorate, and aims to adopt and manage digital transformation files and provide electronic services to citizens."

He explained that "the first work of the Governance and Communications Committee is to start announcing the (Baghdadna) platform, which is the official government platform that will represent Baghdad Governorate, to provide all services electronically," stressing that "the platform will provide more than 25 real services to citizens through smart devices."

He added that "the goal of the Governance and Communications Committee is to build a smart local government that provides its services to citizens through smart devices, as citizens will be able to apply for the service through a single platform, and government institutions will complete the rest of the procedures electronically," noting that "the Baghdad local government will undertake the formulation of general policies for the governorate, while exercising its role in planning, monitoring and legislating on sectoral institutions."

Al-Azzawi called on all those interested in the field of digital transformation and information technology, researchers, civil society organizations, and the private sector, who have pioneering experience in this field, to “visit the committee and review the projects and the possibility of providing funds for the purpose of adopting and launching them.”  https://economy-news.net/content.php?id=48750

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