Iraqi News Early Thursday AM 10-28-21

Iraqi News Early Thursday AM 10-28-21

TLM724 Administrator BondLady’s Corner

Abdul Hassan Al-Shammari To / Nina /: Preparing The Budget At A Price Of 60 Dollars For Oil .. It Is Reasonable If It Is Free Of Deficit

Thursday 28 October 2021 11:51 | Economic Number of readings: 355   Baghdad / NINA / - The economic expert, Abdul Hassan Al-Shammari, confirmed: "The preparation of next year's budget on the basis of the price of 60 dollars per barrel of oil ... is reasonable if it is free of deficit."

Al-Shammari told the National Iraqi News Agency ( NINA ): "The most important issue is the stability of oil prices during the next year, so the price of $60 is very reasonable on the basis that the budget is free of deficit, with imports being greater than expenditures."

He added: "There must be large allocations for investment projects," noting: "The next year will witness a decline in unemployment if the budget is planned by managing money on the right foundations."

He explained that: Next year may witness, if oil prices remain on their rise, a decline in poverty and a decrease in its percentage, indicating:    https://ninanews.com/Website/News/Details?Key=935736

Oil: Revenues For The Month Of September Amounted To More Than 6 Billion Dollars

Economie| 08:59 - 10/28/2021   Baghdad - Mawazine News   The Ministry of Oil announced, on Thursday, the total exports and revenues achieved for the month of September, according to the final statistics issued by the Iraqi Oil Marketing Company "SOMO".

The statistics, received by Mawazine News, stated that "the quantity of crude oil exports for the month of September amounted to (92) million (422) thousand and (485) barrels (ninety-two million four hundred and twenty-two thousand four hundred and eighty-five barrels), with revenues amounting to ( 6) one billion (777) million and (134) thousand dollars (six billion, seven hundred and seventy-seven million, one hundred and thirty-four thousand dollars).

And she pointed out that "the total quantities exported of crude oil for the month of September from the oil fields in central and southern Iraq amounted to (89) million (224) thousand and (354) barrels, while from the Kirkuk fields through the port of Ceyhan, the exported quantities amounted to (2). One million and (922) thousand and (857) barrels, while the quantities exported to Jordan amounted to (275) thousand and (274) barrels, while the average price per barrel was (73,328) dollars.

And the statistic added, "The exported quantities were loaded by (34) international companies of different nationalities, from the ports of Basra, Khor Al-Amaya, mono-buoys on the Gulf and the Turkish port of Ceyhan."

It is noteworthy that the ministry, through its belief in informing the people about the export operations and the revenues generated from it, took this monthly measure. https://www.mawazin.net/Details.aspx?jimare=172762

Dollar Prices Against The Iraqi Dinar In The Local Market Today

Economie| 11:16 - 10/28/2021   Baghdad - Mawazine News   publishes / Mawazine News /, the price of the dollar against the Iraqi dinar in the local market for today, Thursday (October 28, 2021).

Stock Exchange and the struggle Harithiyah central Baghdad

selling price of Iraqi dinars per 148.25 thousand 100 US dollars

purchase price of Iraqi dinars per 147.25 thousand 100 US dollars

Arbil Stock Exchange

selling price for every $ 147 950 dinars to 100 US

purchase by dinars per dollar 147 750 100 US

https://www.mawazin.net/Details.aspx?jimare=172775

To Gain Investor Confidence

Thursday 28 October 2021   159  Walid Khaled Al-Zaidi   It is not possible for any foreign or local investor to put his money into projects in Iraq without securing the entry of that money into profitable businesses, a stable atmosphere and ideal conditions for work in all respects. A market economy, which requires specialized national legislation and programs and systematic work systems in harmony with the philosophy of the free economy, which requires strong foundations to enable local or foreign investors to work comfortably and safely.

The foundation of reform and the basics of development and growth, which the Iraqis seek for their country, depend on changing the old patterns of the Iraqi economy, with modern methods, formations and laws, that will advance the development process in an accelerating and unzigzag manner, and abolish all concepts of closing in front of the economic developments taking place today, and not to be relegated to the bottom of ideas The obsolete that has disrupted many national projects aimed at promoting promising national development plans, especially those related to attracting investments from international or local companies specialized in various fields for a while now. short.

Liberalizing investment in the environment of the national economy and pushing it forward also requires the development of all levels, which are related to it, the most important of which is the removal of the distorted image that has been attached to the investment environment in Iraq, and on the basis of which the negative ideas of investors at home and abroad have deepened, and Iraq is considered a repulsive environment and unfit for it, and in a way Objectively, it must be said that there are factors that led to this undesirable view, including the confusion in managing files related to the implementation of large projects and the emergence of more than one sectoral party willing to manage them to a point where it is difficult for the investor to deal with this problem, and entering into the implementation of projects, which weakens confidence and reduces his chances of success at work out.

The process of implementing projects with the investing agencies also requires removing financial complications and contributing to accelerating the implementation of projects in the production and service sectors, the need to provide them with an atmosphere of security, and the adoption of the principle of benefiting from modern technologies for the investing companies, as well as the importance of government agencies realizing that entering into investment projects will provide many opportunities Work and advanced training courses for workers in any sector that can be invested in, and by relying on modern technologies in the field of business, and here an issue arises

It is inevitable to emphasize it, which is the need to notify the investor of the chances of success and profits that come through his entry into the implementation of projects in Iraq. It fits the development picture in a world Today.  

https://alsabaah.iq/56928/%D9%84%D9%86%D9%83%D8%B3%D8%A8-%D8%AB%D9%82%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1

 

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 https://www.bondladyscorner.com/

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