Iraqi News Friday AM 6-21-22
Iraqi News Friday AM 6-21-22
TLM724 Administrator BondLady’s Corner
Deputy For The Framework: There Is A Parliamentary Tendency To Expedite The Nomination Of The President Of The Republic
Political | 02:25 - 06/24/2022 Special - Mawazine News, the deputy for the coordination framework, Thaer Mikheib, confirmed today, Friday, that there is a serious parliamentary trend in the process of accelerating the nomination of the post of President of the Republic.
In an exclusive interview with Mawazine News, he said, "There are 50 deputies who submitted a request to Parliament Speaker Muhammad al-Halbousi to expedite the nomination of the President of the Republic in preparation for proceeding with the formation of the government."
.He explained that "the number of seats in the coordination framework at the present time, after the special session, is about 120," noting that "the process of accelerating the formation of the government will be possible and move towards it with all seriousness." https://www.mawazin.net/Details.aspx?jimare=197476
The Minister Of Planning Announces From Anbar The Start Of Preparations To Write The New Development Plan
Reconstruction and building Economy News – Baghdad On Thursday, Minister of Planning Khaled Battal Al-Najm announced the start of preparations for writing the new development plan for the next five years.
The ministry stated in a statement, "Al-Najm chaired today in Anbar a joint meeting of a follow-up cell that achieves the vision of Iraq and the sustainable development goals, with the National Committee for Sustainable Development, in the presence of Governor Ali Farhan, as well as the participation of agents of a number of ministries, and general managers representing various authorities."
The Minister of Planning said, according to the statement, that "the idea of holding meetings of sustainable development committees in the provinces represents an important step towards emphasizing the importance of working to achieve sustainable development goals, and supporting the efforts of the provinces in this direction," praising "Anbar Governorate's initiative to host this meeting, and the governorate's endeavors." continuous development in its various regions.
Al-Najm added, "The conditions that Iraq is currently going through are exceptional," referring to the "unprecedented drought crisis that affected the agricultural reality and the lack of basic crops, as well as other challenges represented by the energy crisis."
And he indicated that "the ministry is now working on studying and evaluating the goals of the five-year development plan 2018-2022, and it is beginning its preparations to write the new development plan, for the next five years," explaining that "among the challenges faced by the previous plan, is the lack of financial allocations, the matter Which negatively affected the implementation of service projects in all governorates, and thus delayed the achievement of the planned sustainable development goals.
https://economy-news.net/content.php?id=28626
The Ministry Of Finance: The Iraqi Fund For Foreign Development Participates In The (17th) Meeting Of The Heads Of The Institutions Of The Arab Coordination Group
Thursday 23 June 2022 | Economic | Readings: 553 Baghdad / NINA / - The Iraqi Fund for Foreign Development in the Ministry of Finance participated in the meetings of the heads of the institutions of the Arab Coordination Group, on the sidelines of the OPEC Fund for Development Forum in the Austrian capital Vienna.
Director General Brian Abdul Salam al-Khaffaf said in a statement to the ministry, "The fund aims to enhance financial cooperation between countries and members of OPEC and developing countries by providing financial support in an effort to ensure the achievement of economic growth factors.
During the meeting, Brin indicated that, in agreement with the participants, an addition is being made to The logo of the Iraqi Fund for Foreign Development in the Arab Coordination Group.
The participation of the Iraqi Fund comes after a period of interruption that lasted for years at the level of heads of Arab development funds, whose membership includes a group of Arab countries, including (the Saudi Fund for Development, the Kuwait Fund for Development, the Abu Dhabi Fund for Development, the OPEC Fund for Development and the Arab Monetary Fund).
It is noteworthy that the coordination group includes in its membership a number of international institutions (the Islamic Development Bank and the Arab Bank for Economic Development in Africa).
https://ninanews.com/Website/News/Details?key=984096
The Stability Of The Dollar In The Local Iraqi Markets
Economie| 09:35 - 06/24/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, today, Friday, stability in local markets throughout the country, and the selling prices of the dollar recorded, 148.750 dinars per 100 dollars, while the purchase prices of the dollar recorded 147.750 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=197455
Oil Prices Make A Narrow Move At $110 A Barrel
Economie| 10:22 - 06/24/2022 Follow-up - Mawazine News: Oil prices moved, today, Friday, in a narrow range, after rising for a short period of about one dollar a barrel, as the market balanced between fears of slowing demand due to the decline in economic activity in the United States and the uncertainty surrounding supplies.
Brent crude futures fell 5 cents, or 0.1%, to $110 a barrel by the hour, while US West Texas Intermediate crude futures rose 19 cents, or 0.2%, to $104.46 a barrel.
Prices had fallen about 1.5 percent in the previous session, according to "Reuters".
Steven Innes, managing partner at SBI Asset Management, said that crude futures are back in sell-side mode after the US manufacturing and services PMI reading came well below expectations, along with a decline in data. manufacturing in Germany.
He added, "Under these circumstances, high crude oil prices will become very sensitive to any increase in supply inputs," noting the increasing pressure on "OPEC" to boost production.
Sources said that "OPEC" and allied producing countries, including Russia, will likely stick to the plan to accelerate the increase in oil production in August in the hope of easing high oil prices and inflation.
At its last meeting on June 2, the group known as “OPEC +” agreed to increase production by 648,000 barrels per day in July, or 0.7% of global demand, and by the same amount in August, up from an initial increase of 432,000 barrels per day. Over a period of three months until next September. Ended 29 AD 99
https://www.mawazin.net/Details.aspx?jimare=197459
The Central Bank: We Funded Our Development Initiatives With 17 Trillion Dinars To Support Vital Sectors
Economie| 04:20 - 23/06/2022 Baghdad - Mawazine News, Governor of the Central Bank, Mustafa Ghaleb Mokhif, confirmed the financing of the bank's development initiative with (17) trillion dinars to support active and vital sectors that included all segments of Iraqi society.
And the Central Bank said in a statement, "The Governor, Mustafa Ghaleb, received the country director and representative of the Food Program in Iraq, Ali Reda Qureshi and his accompanying delegation. During the meeting, aspects of bilateral cooperation between the Central Bank of Iraq and the World Food Program were discussed, and methodologies for developing the initiatives of the Central Bank were discussed." ".
During the meeting, Makheif stressed that "the Central Bank of Iraq played a major role in moving the wheel of the Iraqi economy and its progress, as our development initiatives, which exceeded 17 trillion dinars, targeted active and vital sectors, including all segments and categories of Iraqi society."
According to the statement, the Governor of the Central Bank welcomed the proposals and ideas presented by the delegation during the meeting, especially with regard to the bank’s initiatives in the fields of renewable energy and the agricultural sector, and their access to a wide segment of farmers, the use of modern irrigation methods, and their maximum benefit to the beneficiaries of these initiatives
. According to the statement on the initiatives of the Central Bank of Iraq and its transition from the traditional role to modern banking, and its active role in supporting the Iraqi economy, stressing its interest in the initiatives of the Central Bank in the agricultural sector and clean energy. https://www.mawazin.net/Details.aspx?jimare=197392
Central Bank Governor: Our Development Initiatives Exceeded 17 Trillion And Targeted Vital Sectors
Money and business Economy News – Baghdad The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, confirmed, on Thursday, that the bank played a major role in moving the wheel of the Iraqi economy and its progress.
The bank's media office said in a statement, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, received, today, Thursday, the country director and representative of the Food Program in Iraq, Ali Reda Qureshi, and his accompanying delegation."
During the meeting, according to the statement, "aspects of bilateral cooperation between the Central Bank of Iraq and the World Food Program were discussed, and methodologies for developing the initiatives of the Central Bank were also discussed."
The Governor of the Central Bank stressed, "The Central Bank of Iraq played a major role in moving the wheel of the Iraqi economy and its progress, as our development initiatives, which exceeded 17 trillion dinars, targeted active and vital sectors, including all segments and categories of Iraqi society."
The governor welcomed "the proposals and ideas presented by the delegation during the meeting, especially with regard to the Bank's initiatives in the fields of renewable energy and the agricultural sector, and their access to a wide segment of farmers, the use of modern irrigation methods, and their maximum benefit to the beneficiaries of these initiatives."
For its part, the delegation praised "the initiatives of the Central Bank of Iraq and its transition from the traditional role to modern banking, and its active role in supporting the Iraqi economy," stressing "its interest in the initiatives of the Central Bank in the agricultural sector and clean energy."
https://economy-news.net/content.php?id=28623
More Than 7 Million Dollars In Norwegian Aid To Iraq
Friday 24 June 2022 16:59 | Economic Number of readings: 42 Baghdad / NINA / - The United Nations announced today, Friday, that the Government of Norway has made a new contribution of 70 million Norwegian kroner (about $7.5 million) to the Stabilization Program for the Liberated Areas of the United Nations Development Program in Iraq, which supports stability, durable solutions and the safe return of the displaced inside Iraq. Iraq in the five provinces liberated from ISIS.
According to a statement issued by the United Nations today, this is Norway's 14th contribution to the Stabilization Program for the liberated areas since 2015, bringing the total support provided to more than 72 million US dollars.
Norway's previous contributions supported the implementation of 131 vital projects in the liberated areas, benefiting more than 3 million people.
Zina Ali Ahmed, Resident Representative of the United Nations Development Program (UNDP), said, “We express our gratitude to the Government of Norway for this additional and timely contribution to the programme, especially with the extension of the program’s mandate to 2023, when the funding required for the most important and priority remaining needs is estimated at about $ 300 million.
For the period between 2022-2023 in order to meet the remaining stabilization needs of critical importance to the five liberated governorates, namely Anbar, Diyala, Nineveh, Kirkuk and Salah al-Din, adding, "We believe that continued support is critical to securing the stability of Iraq, which is still weak."
The Norwegian Ambassador, Espen Lindbeck, said: “I am very impressed with the work UNDP is doing in Iraq and the very tangible results achieved over the years. The FFS program has ensured that many Iraqis return to their homes in a safe, sustainable and dignified manner.
Norway is proud of this The partnership is pleased to support the stabilization program for the liberated areas in its final stages. I strongly encourage the Iraqi government to undertake the work of the stabilization program for the liberated areas to ensure the continuity and sustainability of the gains that have been achieved, and the safe return of the displaced Iraqis.”/ End 8
https://ninanews.com/Website/News/Details?key=984190
Expectations Of The Date Of The Return Of The Dollar Exchange Rate In Iraq To 120 Thousand
5,651 Policy 2022/06/24 21:35 ak Baghdad today – Baghdad The economic expert, Salama Sumaisem, confirmed today, Friday, that there is no possibility of restoring the dollar exchange rate before the completion of five years, according to the white paper program.
Sumaisem said in a statement to (Baghdad Today), that "the white paper was approved with governmental and parliamentary approval, and the international organizations that are associated with Iraq with economic agreements regarding loans or reform programs are aware of the content of the white paper."
And she added, "The work of the white paper was determined by a period of 5 years, one of which remained, and 4 years remained."
Sumaisem added, "The collection of parliamentary signatures to restore the exchange rate will not change anything.
Rather, it is just attempts by some members of Parliament to change the exchange rate,but in the end it will not change before the specified 5 years." https://baghdadtoday.news/ar/news/193326/
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