Iraq on the list.. Arab countries top the 5 largest global oil deals

Iraqi oil refinery  Energy   Economy News -  Three Arab oil-producing countries topped the list of the top 5 oil deals in November.  The United Arab Emirates topped the list of the top 5 oil deals last September, the same month that witnessed a clear decline in global oil prices, which fell from $76 per barrel to less than $69, the lowest level in 3 years.

The list of the five largest oil deals last October included Saudi Arabia, the UAE, and Iraq, in addition to the United States, one of whose companies led a giant deal, while the other deal was on its territory, according to Energy magazine.

The deals completed by the three Arab countries varied between acquisition, sale and purchase, investment in giant oil fields, in addition to establishing important production units.

Saudi Arabia topped the list of the five largest oil deals last October, with an important deal between its two companies, Addis and Aramco, to operate the Addis 13 and Addis 14 platforms, worth 946 million riyals (251.92 million US dollars).

The UAE's ADNOC entered the list of the top 5 oil deals last October, after it was able to complete the acquisition of a significant stake in Fertiglobe, which is the largest marine exporter in the field of petrochemicals, specifically fertilizers and urea.

According to the article published in Energy magazine, an indirect deal pushed Iraq to the list of the top 5 oil deals in October 2024, as Iraq is scheduled to export oil to the Czech Republic. https://economy-news.net/content.php?id=49751

Oil Prices Rebound Again After Days Of Decline

Economy  | 04:57 - 12/11/2024  Mawazine News – Economy  Oil prices rebounded in global markets after days of decline.   The price of a barrel of Brent crude rose about 1%, recording $72.54 per barrel by 4:30 Baghdad time.

The price of a barrel of US crude reached $68.60 per barrel, recording an increase of more than 1%.

Oil prices fell earlier, as the market was affected by investors’ disappointment with the latest Chinese stimulus plan and concerns about oversupply, in addition to the strength of the dollar. https://www.mawazin.net/Details.aspx?jimare=256557

A Significant Decrease In The Dollar Exchange Rate In Local Markets In Baghdad

Economy |12/11/2024  Mawazine News – Economy The US dollar exchange rate witnessed a noticeable decline, Tuesday morning, in Baghdad markets.

The Al-Kifah and Al-Harithiya stock exchanges in Baghdad opened at low prices, recording 150,150 dinars per 100 US dollars, compared to yesterday's price, Monday, which amounted to 150,650 dinars per 100 dollars.

In exchange shops in Baghdad, the selling price of the dollar recorded a decline to reach 151,000 dinars, while the buying price reached 149,000 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=256553

Trade: A Monitoring Campaign To Monitor Strategic Stocks And Ensure Price Stability In The Markets

Money and business  Economy News – Baghdad  The Ministry of Commerce announced, on Tuesday, the launch of a campaign to monitor food agents in all governorates and ensure price stability in the markets.

The Director General of the Commercial and Financial Control Department at the Ministry of Trade, Riyadh Al-Moussawi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "a wide campaign was launched to follow up on food agents in all governorates," noting that "the campaign came under the direction of the Minister of Trade to ensure price stability and daily monitoring of local markets, including the capital, Baghdad."

He explained that "the number of food agents has reached about 54 thousand agents, and that the Commercial and Financial Control Department continues its daily work according to specific plans and programs, and the campaign focuses in particular on following up on food agents."

He pointed out that "the campaign came before the launch of the eighth food basket, in order to inspect food warehouses and ensure the strategic stock and stock for next year, in addition to addressing any problems or difficulties that agents may face to ensure smooth work." 57 views  Added 11/12/2024 - 4:30 PM  https://economy-news.net/content.php?id=49743

Parliament Speaker Calls For Joint Cooperation And Strengthening Relations Between Iraq And The United Kingdom

Tuesday 12 November 2024 17:03 | Politics Number of readings: 104   Baghdad / NINA / Speaker of the Council of Representatives Mahmoud Al-Mashhadani called for joint cooperation and strengthening relations between Iraq and the United Kingdom.

The media office of the Speaker of Parliament stated: "Al-Mashhadani met in his office today with the British Ambassador to Iraq, Stephen Hitchcock, and during the meeting, congratulations were offered on the occasion of his assumption of the position of Speaker of the Council of Representatives."

Al-Mashhadani discussed with the ambassador the developments in the region and the world that are of common interest.

Al-Mashhadani stressed the necessity of joint cooperation and strengthening bilateral relations in a way that achieves mutual benefit and common interests between Iraq and the United Kingdom.https://ninanews.com/Website/News/Details?key=1168652

Population Census In Iraq: Key To Economic Development And Social Justice

Posted on 2024-11-12 by sotaliraq   Economic expert Taha Al-Janabi stressed the importance of conducting the population census in Iraq on time, noting that it is a vital step to ensure sound and sustainable planning in various economic and social fields.

He explained that “the population census is considered an essential tool for collecting accurate and comprehensive data on the population size and its geographical and demographic distribution, which contributes to improving the quality of public services and directing investments more efficiently.”

The economist said, “The data extracted from the population census provides an accurate knowledge base on population needs in different regions, which helps in directing government resources fairly.”

He added, “This data contributes to determining development priorities for areas with high population density, which may need more investments in infrastructure such as schools, hospitals and transportation.”

Al-Janabi pointed out that “the population census plays an important role in attracting investments, as investors rely on this data to determine target markets and available opportunities in each region, which contributes to stimulating economic growth and providing job opportunities.”

He also pointed out the importance of the census in supporting social support programmes, as it can be used to identify the groups most in need of financial and service assistance, which contributes to improving living standards in the poorest areas.

He stressed that “conducting the population census on time is an important element in sustaining economic growth in Iraq, and contributes to achieving sustainable development goals by providing strategic information that supports decision-making in economic policies and future planning.”

It is noteworthy that Iraq has not conducted a comprehensive population census since 1997, which makes conducting a census in the coming period a necessary step to develop future development policies and achieve economic stability.  LINK

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