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Iraqi News Highlights Friday Afternoon 12-16-22

Iraqi News Highlights Friday Afternoon 12-16-22

Tlm724 Administrator Bondlady’s Corner

The Dollar Stabilizes At The Last High In The Local Markets

Economie| 09:50 - 12/16/2022   Baghdad - Mawazine News  Today, Friday, the exchange rates of the dollar witnessed stability in the local markets.   And the selling prices of the dollar recorded 152,000 dinars per 100 dollars, while the buying prices of the dollar were recorded at 151,900 dinars per 100 dollars.     https://www.mawazin.net/Details.aspx?jimare=214291

Sudanese Office: The Rise In The Exchange Rate Is Temporary

The media office of the Prime Minister confirmed that the rise in the exchange rate is temporary as a result of changing the mechanism by which the window for selling foreign currency in the Central Bank operates, indicating that the financial situation of Iraq is at its best.

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And the media office stated in a statement, "The government confirms its commitment to maintaining the stability of the local market, by supporting the stability of the exchange rate of the dollar against the Iraqi dinar, and it supports the steps of the Central Bank in this regard."

He added, "The government makes it clear that the rise in the exchange rate is temporary as a result of changing the mechanism by which the window for selling foreign currency in the Central Bank operates, and it reassures all citizens that the financial situation of Iraq is in its best condition."

And he continued, “The government stresses to all dealers, including investors and merchants, the need to cooperate with banks and the Central Bank by working in accordance with the commercial contexts in force globally, and importing according to documentary credits, as it provides a guarantee for the importer, preserves his rights, secures imported goods, and enables him to benefit from banking facilities.” in covering the credit value.   https://www.radionawa.com/all-detail.aspx?jimare=32593

The Minister Of Construction Meets A Delegation From The World Bank

Thursday, December 15, 2022 21:58 | Economical Number of readings: 700

Baghdad / NINA / - The Minister of Construction, Housing and Public Municipalities, Bengin Rikani, met Ibrahim Dajani, Director of the Transport Sector at the World Bank for the Middle East and North Africa.

During the meeting, emphasis was placed on the continuation of joint cooperation between the Ministry and the World Bank. Roads and bridges projects were also discussed, especially future plans to develop road networks in Baghdad and rehabilitate the main bridges therein, as well as reviewing the completed and ongoing highway projects to be funded by the World Bank./ finished8

https://ninanews.com/Website/News/Details?key=1020602

Al-Sudani Agrees To Form An “Investment Development Cell” And Define Its Work Duties

Friday 16 December 2022 15:24 | Economical Number of readings: 195  Baghdad / NINA / - The Prime Minister's Office issued a bureau order to form an "investment development cell" linked to the office of the Prime Minister and work under the supervision of the advisor, "Muhammad Naji Al-Najjar", and specifying its work duties, based on the approval of the Prime Minister./ End   https://ninanews.com/Website/News/Details?key=1020660

Minister Of Electricity: Proposals From Major Energy Companies To Implement Important Projects In Iraq

Energy   Economy News – Baghdad On Friday, Minister of Electricity Ziyad Ali Fadel announced the development of a plan with time ceilings to implement important projects that contribute to improving the energy situation, noting that offers, studies and proposals were received from major energy companies to implement them.

Fadel said, in an interview with the official news agency, that "the Ministry of Electricity has drawn up a plan within time limits to implement important projects that contribute to improving the status of electric power for citizens."

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He added: "We took it upon ourselves to receive offers, studies and proposals submitted by major energy companies to achieve this goal, and we met with a number of major energy companies and discussed some important projects, including combined cycles, solar energy and offers to add new energy."

And the minister continued, “A meeting yesterday, Thursday, with a delegation of Italian companies, and part of them have representation and implementation of some of the ministry’s projects, to discuss and study the proposals submitted by them to present them to the Council of Ministers to benefit from their experiences in the field of transmission and distribution of electricity energy and in the field of clean energy that we seek to be part of.” We generate solar energy so that we can reduce fuel use and rely on additional new energies that do not depend on gas or fuel that cause pollution.”

Views 48   Added 12/16/2022 - 4:29 PM   Updated 12/16/2022 - 5:42 PM

https://economy-news.net/content.php?id=31371

A Cautious Rise In Oil Prices

Economie| 09:04 - 12/16/2022  Follow-up - Mawazine News  Oil prices rose in early Asian transactions on Friday, after falling by 2 percent in the previous session in the wake of central banks raising interest rates, and are heading towards ending the week's transactions on a rise after a series of positive expectations for oil demand.

By 0109 GMT, Brent crude futures were up 36 cents, or 0.4 percent, at $81.57 a barrel. West Texas Intermediate crude futures rose 25 cents, or 0.3 percent, to $76.36 a barrel.

The two benchmarks are heading towards ending the week up by more than seven percent.

The market received support this week from the expectations of the International Energy Agency regarding the recovery of Chinese demand next year, after its contraction in 2022 to 400 thousand barrels per day. The agency raised its forecast for oil demand growth in 2023 to 1.7 million barrels per day.

On Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) announced its commitment to its forecast for global demand growth of 2.55 million barrels per day (bpd) this year and 2.25 million bpd in 2023 after multiple cuts, saying that although the economic slowdown was "quite clear" there was a potential pick-up. Stemming from, among other things, easing the zero Covid policy in China. Ended    https://www.mawazin.net/Details.aspx?jimare=214287

Planning The Date For Issuing The Annual Report On The Rate Of Inflation, Poverty And Unemployment

local| 12:48 - 12/16/2022   Baghdad - Mawazine News  Today, Friday, the Ministry of Planning set the date for the issuance of the annual report on the rate of inflation, poverty and unemployment.

"So far, there are no new indicators regarding the inflation rate for the current year, poverty and unemployment, because the annual report on these indicators is issued after entering the new year 2023," the ministry's spokesman, Abdul Zahra Al-Hindawi, told the official news agency, followed by Mawazine News.

Al-Hindawi added, "The report has not been completed yet, and the Central Statistical Organization has not discussed this yet."

And the Ministry of Planning announced, on Sunday (11/27/2022), the start of preparing the poverty reduction and five-year development strategies for the next five years 2023-2027. Ended 29 / m99

https://www.mawazin.net/Details.aspx?jimare=214307

 

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