Iraqi News Friday AM 7-30-21
Iraqi News Friday AM 7-30-21
TLM724 Administrator BondLady’s Corner
A Parliamentary Call To Control Prices In The Markets
Economie| 09:50 - 30/07/2021 Baghdad - Mawazine News, MP Mansour Al-Baiji called, on Friday, the competent authorities to control prices in local markets.
Al-Baiji said in a statement that Mawazine News received a copy of it, that "the competent authorities must do their work accurately in order to maintain prices in the local markets, which are witnessing an unprecedented rise in foodstuffs and medicine, especially after raising the exchange rate of the dollar, which negatively affected all the people." We did not see solutions to maintain prices in all markets."
He pointed out, "This rise should not continue and there should be real monitoring by the competent authorities to control the markets and hold accountable all those who raise prices more than the established or customary price in the markets by a very small percentage, and not to be weak in the price."
He stressed, "Preserving the local product and providing full support to the farmer in order to fill the local markets with our product and preserve it, as it is the lowest price and the highest quality, as we see today from the presence of vegetables in the markets at very symbolic prices. Therefore, this matter should be applied to other foodstuffs with the support of the state."
Al-Baiji added that "the agricultural sector is one of the most important sectors after oil, and the government must focus its attention and support this sector by providing all the needs of the farmer and providing all the requirements he needs from support for the product to all other matters."
And he stated, "The competent authorities should monitor the markets, impose their control and prevent the large rise in food prices, and work continuously to prevent this rise, which harmed all the people, and it must not continue more because the people affected are the people without exception."
https://www.mawazin.net/Details.aspx?jimare=162141
The Stability Of The Dollar Exchange Rates In The Stock Market
Market Economy News – Baghdad On Friday, the dollar exchange rates witnessed stability in the local markets.
The stock exchanges recorded the selling price of the dollar at 148,000 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147,000 dinars per 100 dollars.
Views 39 Date added 07/30/2021 https://economy-news.net/content.php?id=25818
Iraq Recovers 17,000 Antiquities From The United States
Posted On 2021-07-30 By Sotaliraq On Thursday, Minister of Culture Hassan Nazim announced the arrival of 17,000 antiquities from the United States to Iraq.
Nazim said in a press conference at Baghdad International Airport, "The antiquities that arrived in Iraq are from the clay figure, which Iraq recovered and returned to its original land."
He added, "The recovered antiquities came with the unremitting efforts of the Ministries of Foreign Affairs and Culture represented by the Antiquities and Heritage Authority, and a great effort from the Iraqi Embassy in Washington."
He added, "Iraq will continue to work to recover the antiquities that were stolen and looted from the country, and the recovered antiquities will be displayed in the Iraqi Museum."
After his arrival in Baghdad from Washington, Prime Minister Mustafa Al-Kazemi announced the pride of the Iraqi government and people in what was achieved in favor of preserving the Mesopotamian heritage by recovering 17,000 artifacts, which were received from the United States of America, and returned with the delegation on the same plane. LINK
Iraq's Revenues From Oil Exports Jump 62% In The First Half Of 2021
Oil Field energy Economy News – Baghdad Iraq achieved an increase in oil export revenues during the first half of 2021 on an annual basis, despite the decrease in the quantities of crude exported, and with the support of the remarkable improvement witnessed by international oil prices; After absorbing the shocks of the successive waves of the Corona pandemic and improving economic activity.
Revenues from Iraqi oil exports, according to a statistic prepared by "Mubasher" and seen by "Economy News", based on official data from the Iraqi Oil Marketing Company "SOMO", increased by 61.95% during the first half of 2021, with an increase of $12.69 billion compared to revenues The same period last year.
The value of Iraqi crude oil exports amounted to 33.18 billion dollars in the first half of this year, compared to 20.49 billion dollars during the same period in 2020.
Exports rose during the month of April at the highest pace in the first half of 2021, with an increase of 267.5 percent on an annual basis, equivalent to more than 4 billion dollars.
The month of June recorded the highest level of exports during the first half of 2021 at $6.14 billion, achieving an annual increase of 113.95%.
Decreased exported quantities by more than 65 million barrels
Iraq's revenues from oil exports increased in the first half of 2021, despite a decrease in the exported quantities by 10.96 percent during that period, a decline equivalent to 65.01 million barrels.
The total quantities of crude exported by Iraq amounted to 528.16 million barrels, compared to 593.17 million barrels in the first half of 2020.
Exports declined during the first 5 months of this year on an annual basis, but rose during June on an annual basis by about 2.7% to more than 86.76 million barrels.
Exports fell at the highest pace in February, by 15.7% on an annual basis, recording the lowest level of exports during the first half of 2021 by 82.88 million barrels.
The average price of a barrel increased by 81.5%
supporting the growth of Iraqi oil export revenues in the first half of 2021; The average selling price of a barrel of oil increased by 81.5% during that period on an annual basis.
The average price of a barrel of oil during the first half of 2021 amounted to about $62.81, compared to $34.61 in the same period last year, which witnessed a sharp decline in the price of black gold, affected by the Corona pandemic and its impact on global economic activity, as well as the price war between producers due to production before Reaching a policy to support the stability and balance of markets that led to an increase in the barrel price.
The price of a barrel of oil fell last year to a level of $14.64 a barrel during the month of April, coinciding with the outbreak of the first wave of the Corona pandemic, knowing that the price in the same month of this year amounted to $62.78 a barrel, rising by 328.85 percent.
Prices reached their peak in the first half of 2021 during the month of June; The price of a barrel increased to $70.80, recording an increase of 108.3% over its value in the same month of last year.
Views 26 Date Added 07/30/2021 https://economy-news.net/content.php?id=25822
Despite Its Decline, Oil Prices Achieve The Highest Weekly Gains
Economie| 11:00 - 30/07/2021 Follow-up - Mawazine News: Oil prices fell, during trading today, Friday, but they are still on the path to achieving significant weekly gains, in light of the growth in demand for crude at a faster pace than supply.
And Brent crude futures fell 0.6 percent to $75.60 a barrel by 05:06 GMT, after jumping 1.75 percent on Thursday.
Meanwhile, US West Texas Intermediate crude futures fell 0.6 percent to $73.19 a barrel, reducing a gain it made on Thursday by 1.7 percent.
"Oil prices fell slightly on cautious sentiment across Asia-Pacific markets as investors weighed virus fears, weaker-than-expected US GDP and jobs data," said Margaret Yang, a strategist at Singapore-based DailyFX.
The two benchmark contracts are heading towards achieving gains of about two percent for the week, supported by indications of tight crude supplies and strong demand in the United States, the largest oil consumer in the world.
Yang said: "This week, oil prices received support from a weaker US dollar and strong earnings for US companies. However, the rise in Covid-19 cases due to infection with the mutated strain (Delta) in the United States may cast a shadow on the demand outlook." Ended 29/A43
https://www.mawazin.net/Details.aspx?jimare=162146
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