Iraqi News Highlights and Points to Ponder Monday AM 2-5-24
Iraqi News Highlights and Points to Ponder Monday AM 2-5-24
Parliamentary Finance Reveals Amendments To The Budget Schedules To Be Announced In The Middle Of This Month
Information / Baghdad.. Member of the Parliamentary Finance Committee, Representative Moeen Al-Kadhimi, announced on Monday that the current month will witness the arrival of amendments to the budget schedule for the current year to the House of Representatives.
Al-Kadhimi told Al-Maalouma, “The mini-economic council formed by the Council of Ministers is in the process of putting the final touches to amending the budget schedules for the current year, and it is likely that the amendments will reach Parliament in the middle of this month for approval.”
He added, "The government's amendments included an increase in financial allocations for the food ration, an increase in oil production costs, and an increase in social welfare allocations."
Member of the Parliamentary Finance Committee, Representative Mustafa Al-Karaawi, explained that the tripartite federal budget for the years 2023, 2024, and 2025 stipulated that the House of Representatives be provided with updated tables for the 2024 budget in order to discuss the issue of increase or decrease in financial allocations according to expected revenues and according to the fixed oil price. . LINK
A Slight Decline In Dollar Prices In Baghdad And Erbil With The Opening Of The Stock Exchange
2024-02-05 Shafaq News/ The prices of the US dollar against the Iraqi dinar decreased slightly, on Monday, in the markets of Baghdad and Erbil, the capital of the Kurdistan Region.
Shafaq News Agency correspondent said that dollar prices fell with the opening of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad to record 152,200 Iraqi dinars against 100 dollars, while the prices yesterday, Sunday, were 152,300 Iraqi dinars against 100 dollars.
Our correspondent indicated that the selling prices in the exchange shops in the local markets in Baghdad stabilized, as the selling price reached 153,250 dinars, while the purchasing price reached 151,250 dinars for every 100 dollars.
As for Erbil, the dollar also recorded a decline in banking shops, where the selling price reached 151,900 dinars against 100 dollars, and the purchase price reached 151,800 dinars against 100 dollars. LINK
Iraq's Oil Exports To America Exceed Five Million Barrels Within A Month
Energy Economy News _ Baghdad The US Energy Information Administration announced on Monday that Iraq's oil exports to the United States amounted to more than five million barrels during the month of January.
The administration said in a table seen by Al-Iqtisad News, “Iraq exported 5.387 million barrels of crude oil to America during the month of January, with an average export of 173 thousand barrels per day, lower than the month of December 2023, when its exports amounted to 5.611 million barrels, with an average of 193 thousand barrels per day.
She added, "Iraq exported crude oil to America during the first week of last January at an average of 192 thousand barrels per day, while the average export decreased to 64 thousand barrels per day in the second week, and exported an average of 206 thousand barrels per day in the third week, and in the fourth week." The average reached 205 thousand barrels per day.
She pointed out that "Iraq ranked fifth in its exports to America during the past month after Canada, Mexico, Saudi Arabia, and Brazil, and ranked second in the Arab world after Saudi Arabia, whose exports amounted to nine million barrels," indicating that "Canada ranked first as the country that exports the most oil to America." Followed by Mexico. Views 34 02/05/2024 -
A List Of Dollar Prices From Erbil To Basra...Continuous Fluctuation
Money and business Economy News – Baghdad Title News publishes the dollar exchange rates on Iraqi stock exchanges during Monday’s trading.
Exchange rates recorded fluctuations, as they reached 152,400 on the Al-Kifah Stock Exchange, in the capital, Baghdad, while in Basra they rose slightly, reaching 152,650 dinars for every 100 dollars.
As for the governorates of the Kurdistan Region, dollar prices stabilized at 152 thousand dinars per hundred dollars. Views 58 02/05/2024 - https://economy-news.net/content.php?id=40158
Morning List Of Dollar Exchange Rates In Eight Governorates
Economy |Baghdad today -, Monday (February 5, 2024), the exchange rates of the dollar against the dinar recorded relative stability compared to prices yesterday evening, Sunday, in most Iraqi governorates. The Central Bank of Iraq sells the dollar at the official price (1,320 dinars per dollar) .
Here is a morning list of exchange rates for $100 against the dinar:
$100 = 152,250 Baghdad $100 = 152,300 Basra $100 = 151,950 Erbil $100 = 152,300 Kirkuk
$100 = 152,000 Sulaymaniyah $100 = 151,900 Dohuk $100 = 152,350 Najaf $100 = 152,000 Mosul
The exchange rates of the dollar against the dinar yesterday evening, Sunday (February 4, 2024) on the Al-Kifah Stock Exchange in Baghdad, reached 152,250 dinars (selling price). LINK
After The Movement To Cut Off Oil From Jordan... An Accounting Inventory: 15 Thousand Barrels Per Day For Less Than $16
Economy | Baghdad today -, Monday (February 5, 2024), economic expert Nabil Al-Marsoumi revealed the amount of oil exported to Jordan, while noting that Iraq exports 15,000 barrels daily at a price 16 dollars less than Brent crude.
The accounting inventory that the economic expert explains comes in light of the political and popular uproar due to news of Jordan’s participation in the attack carried out by Washington on the sites of the Popular Mobilization Forces in western Iraq, while social media pioneers wonder about Amman’s reaction to Baghdad and “Is this how the reward for charity is?” and “is it?” Jordan is ready to sever economic relations with Iraq?
In numbers: Iraq's exports to Jordan
Al-Marsoumi said in a statement received by “Baghdad Today” that “Iraq used to export to Jordan during the time of the previous regime 100,000 barrels per day, half of it for free and the other half at preferential prices.”
The economic expert added, "In 2006 - at the time of the first Maliki government - Jordan and Iraq signed a memorandum of understanding to prepare and transport Iraqi crude oil to Jordan with 10,000 barrels per day of crude oil, rising to 15,000 barrels, to be increased in the future to 30,000 barrels at a discount of up to $18." per barrel compared to the international price (Brent crude oil price).”
He pointed out that "it was increased in 2008 to $22 per barrel instead of $18 per barrel, with the option of loading from the Iraqi (Haditha) region."
Al-Marsoumi explained, “The new memorandum that was signed between the two sides on February 2, 2019, in which Iraq exports 10,000 barrels per day to Jordan, is an exact copy of the previous memorandum, except that the price equation is two dollars less.”
The economic expert stated, “Instead of $18, it was agreed upon $16 less than the price of Brent oil (about $13 less than the average selling price of Iraqi oil in global markets) to cover the cost of transportation between Kirkuk and Zarqa, with differences in the quality of crude oil.” Kirkuk for Brent crude oil, and the quantity exported to Jordan was recently increased to 15 thousand barrels per day.”
Jordan's participation in the bombing
After the news circulated about Jordan’s participation in an attack on western Iraq, the House of Representatives witnessed a movement to cut off Iraqi oil subsidized to Jordan, as Representative Mustafa Sanad revealed, on Saturday (February 3, 2024), that signatures of members of the House of Representatives had been collected to issue a parliamentary decision obligating the Ministry of Oil to stop selling oil. Supported by Jordan.
But on the other hand, Mudar Adnan Zahran, Secretary of the Jordanian Opposition Coalition, said, citing Jordanian military sources, in a tweet followed by “Baghdad Today,” that Jordanian aircraft did not participate in the ongoing air strikes on Iranian targets in Syria, and there is no truth to the Wall Street Journal’s report on “ "Targets scheduled later for Jordanian Air Force aircraft." LINK
Points To Ponder on Advice Quotes and Quotations
'Be yourself!' is about the worst advice you can give to some people. - Tom Masson
A bull does not enjoy fame in two herds. - Rhodesian proverb
Fewer things are harder to put up with than the annoyance of a good example. - Mark Twain
The only thing to do with good advice is to pass it on. It is never of any use to oneself. - Oscar Wilde
A good scare is worth more to a man than good advice. - Edgar Watson Howe
Advice is seldom welcome; and those who want it the most always like it the least. - Lord Chesterfield