Iraqi News Friday PM 8-20-21
Iraqi News Friday PM 8-20-21
TLM724 Administrator BondLady’s Corner
In The Document: Al-Hamami: The Ports Are On A Date To Receive Another Financial Shock In Hard Currency / Expanded
Thursday 19 August 2021 23:26 | Economic Number of readings: 4894 Basra / NINA / - The representative of Basra Governorate, Kazem Finjan Al-Hamami, warned Thursday, "of the repercussions of contractual errors committed by the previous administrations of ports with joint operating companies.
Al-Hamami stated in a press statement that Nina Agency received a copy of it that the (Naseem Iraq) company has been contracting with ports since in 2016 to run platforms (5-6-7) in the port of Khor Al - Zubair, but the same Iraqi ports sandwiched with the company (breeze Iraq) a third party in 2019, prompting (Iraq breeze company) to resort to the Iraqi judiciary fair..
He added: " The ports are on a date to receive another financial shock in hard currency, as the judgment decision will be in favor of the aggrieved party, and there will be million dollar fines to be paid by the ports according to the decision that will be approved by the Basra Court of Appeal.
The representative indicated the possibility of the intervention of official bodies (regulatory and financial) to testify in order to raise the word of truth, "noting" that the contract is the law of the contracting parties, and its paragraphs should not be tampered with except with the consent of the other party.
Al-Hamami explained, "I am afraid that fines will accumulate, which will drain the ports' resources and confiscate their profits in favor of others because of personal and mood lapses committed by some in earlier times." / End https://ninanews.com/Website/News/Details?key=922403
A Project To Build Two Plants To Produce Electricity From Solar Energy In Diyala
Friday 20 August 2021 12:28 | EconomicNumber of readings: 1007 Baquba / NINA / - The Diyala Investment Authority has proposed two investment opportunities to build two solar power plants in the province.
Karim al-Azzawi, head of the commission, told the correspondent of the National Iraqi News Agency ( NINA ): "The first station is located in the Mandali district and the second is in the Qazaniya district, and their area extends from 100 to 150 dunams."
He added, "The construction of solar power plants comes in order to support the principle of diversifying its sources and resorting to what is known as clean energy that invests sunlight in securing energy throughout the year."
He pointed out: "Foreign, Arab and Iraqi companies have an interest in the renewable energy file and investing in the atmosphere and sunlight, from which large energy can be produced."/ End
https://ninanews.com/Website/News/Details?key=922439
The Stability Of The Dollar Exchange Rates In The Local Markets
Market Economy News _ Baghdad The exchange rates of the dollar against the Iraqi dinar continued today, Friday, to be stable in the local markets.
The selling prices of the dollar were 148.250 dinars per 100 dollars, while the purchase prices of the dollar were 147.750 dinars per 100 dollars.
And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar. Views 151 Date Added 20/08/2021 https://economy-news.net/content.php?id=26054
Oil Prices Rise From Their Lowest Level In 3 Months
Pratha News Agency112 2021-08-20 Oil prices rose on Friday from three-month lows, but were still on track for a weekly loss of more than 5% as new lockdowns in countries facing highs in the delta variable dampened the outlook for fuel demand.
Broad risk aversion among investors also weighed on oil as the US dollar jumped to a nine-month high amid indications that the Federal Reserve is considering cutting stimulus this year. Read more
Brent crude futures rose 32 cents, or 0.5%, to $66.77 a barrel, after falling 2.6% on Thursday to their lowest close since May.
US West Texas Intermediate crude futures rose 40 cents, or 0.6%, to $64.09 a barrel, after falling 2.7% on Thursday.
China has imposed new restrictions with its "zero tolerance" policy on the coronavirus, affecting global shipping and supply chains, and the United States and China have imposed reciprocal restrictions on flight capacity.
Meanwhile, outbreaks of delta variants in Australia and New Zealand have led to strict lockdowns.
http://burathanews.com/arabic/economic/398366
Al-Kazemi Will Visit Kuwait Next Week
Friday 20 August 2021 16:08 | politica lNumber of readings: 28 Baghdad / NINA / - It is hoped that Prime Minister Mustafa Al-Kazemi will visit the State of Kuwait next week.
And the Ministry of Foreign Affairs said, in a press statement, that the Iraqi ambassador to Kuwait, Al-Manhal Al-Safi, met with the head of the Kuwait Chamber of Commerce and Industry, Muhammad Jassim Al-Saqer, and they touched on a number of topics, "including Al-Kazemi's visit to Kuwait next week, and a meeting was held with Kuwaiti businessmen in order to Kuwaiti investors entered the Iraqi commercial market and played an active role in sustainable development and industrial and commercial investment.
The two parties discussed, according to the Ministry of Foreign Affairs, ways to develop bilateral trade between the two brotherly countries, in light of a real desire to develop bilateral cooperation at various levels and fields. https://ninanews.com/Website/News/Details?Key=922456
To read more current and reliable Iraqi news please visit BondLady’s Corner: