Iraq News Highlights and Points To Ponder Wednesday AM 8-21-24

Within 14 days, about 3 million foreign visitors entered Iraq

Local | 08/21/2024   Mawazine News - Baghdad   The Border Ports Authority announced today, Wednesday, the entry of about 3 million foreign visitors within 14 days.

The spokesman for the Border Ports Authority, Alaa Al-Din Al-Qaisi, said in a statement to the official agency, which was followed by / Mawazine News /: "The border ports recorded the entry of 2,937,112 foreign visitors to the country from August 6 to the 20th of the same month, while 1,328,484 of them left."

He added that "the nationalities of these visitors are from Iran, Afghanistan, Pakistan, and Azerbaijan, in addition to different nationalities," noting that "the number of visitors is increasing."

He continued, "There is great cooperation between the border ports and the departments supporting their work, and there is integrated work between the Ports Authority and the Ministries of Health, Transport, Interior, and the rest of the ministries concerned with the Arbaeen visit in order to organize visitors to the holy Karbala."   https://www.mawazin.net/Details.aspx?jimare=253680

Learn About The Mechanism For Depositing Dinars And Receiving Dollars For Travelers From The Airport

Economy  2024-08-20 | 1,717 views  Alsumaria News - Local

The Central Bank of Iraq published the mechanism for depositing the dinar and receiving the dollar for travelers from the airport.

The Central Bank stated in a statement received by Sumarya News, "The process of depositing the dinar and receiving the dollar for travelers from the airport has become easier and safer, in a very smooth electronic manner and without routine complications."  LINK

Here Are The Dollar Prices In The Iraqi Stock Exchanges

2024-08-21 | 2,222 views   Alsumaria News – Economy   Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the local Iraqi markets for Wednesday, August 21, 2024.

The dollar prices recorded a slight increase with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 149,300 dinars for every 100 dollars. As for the selling prices in the exchange shops in the local markets in Baghdad, the selling price reached 150,250 dinars, while the purchase price reached 148,250 dinars for every 100 dollars.

On February 7, 2022, the Council of Ministers announced its approval to amend the dollar exchange rate to 1,320 dinars per dollar.

For about a year, specifically since the Central Bank began operating the electronic platform and the international financial transfer system "SWIFT", the dollar exchange rate in Iraq has not witnessed stability despite the government and the Central Bank's attempts to control the exchange rate in parallel markets.  LINK

Spending More Than 10 Trillion Dinars Annually To Operate Electricity

2024-08-21 | Energy file.. Iraq spends more than 10 trillion dinars annually on fuel to operate power plants   Day after day, the crisis of providing electricity in the country is getting worse despite spending billions on it, at a time when countries are competing to shift towards renewable energy, which is considered safer and better for the environment.

So what did the economic expert, Duraid Al-Anzi, say about this problem in Iraq? Full details in this report with Hussein Adnan   LINK

Iraqi Ports Reveals The Completion Rates Of The Entrances To The Submerged Tunnel, One Of The Projects Of The Grand Faw Port

Local |  08/21/2024  Mawazine News - Baghdad   The Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, announced today, Wednesday, the achievement of advanced rates of completion in the entrances to the submerged tunnel, one of the projects of the Grand Faw Port, from both sides (Umm Qasr and Al-Faw).

The Director General of the company said in a statement received by / Mawazine News / that "the ongoing work at the entrances to the submerged tunnel project, one of the projects of the Grand Faw Port, has witnessed advanced achievements, whether in the entrances to the submerged tunnel or in furnishing the submerged parts under sea water."

He explained that "the submerged tunnel consists of two main entrances, one towards the city of Umm Qasr and the other towards the city of Al-Faw, and each of these two entrances consists of (28) pieces that form the approaches to the tunnel."

He continued, "The approaches towards the city of Umm Qasr witnessed the completion of the burial work of (9) pieces completely underground, while the completion rate in the (19) open pieces reached (85%)."

He added, "As for the entrance to the city of Faw, its approaches also consist of (28) pieces, of which (9) pieces are buried underground with a completion rate of (90%), and the (19) open pieces have exceeded (50%) completion."

He pointed out that "according to these figures, it can be said that the completion rate in the approaches to the entrance to the city of Umm Qasr has reached (90%), while the completion rate in the approaches to the entrance to the city of Faw has exceeded (60%)."

He pointed out that "the pieces submerged under sea water in the submerged tunnel project, amounting to (10) pieces, are currently undergoing coating work with insulating and seawater-resistant materials, in addition to implementing most of the finishing works in them." The

submerged tunnel project is one of the five major projects of the Faw Port, and it represents the main nerve linking the Grand Faw Port and the Iraqi Development Road. Due to its strategic importance, exceptional efforts are continuing to complete it to be the first project of its kind in the Middle East, and the second tunnel in the Asian continent after the (Busan) tunnel in South Korea. https://www.mawazin.net/Details.aspx?jimare=253682