Iraqi News Highlights Saturday Afternoon 3-25-23

Tlm724 Administrator Bondlady’s Corner

The Decline In The Exchange Rates Of The Dollar In Baghdad With The Closing Of The Stock Market

Economy  Saturday, March 25, 2023 4:13 PM  Baghdad / The National News Center  The exchange rates of the US dollar decreased against the Iraqi dinar, today, Saturday, with the closure of the main stock exchange in Baghdad.  The correspondent of the National News Center said, “The central Kifah Stock Exchange in Baghdad closed at 155,100 Iraqi dinars for 100 dollars, while the prices this morning were 155,800.”

He added, "The buying and selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 155,500 Iraqi dinars, while the purchase price reached 154,500 dinars per 100 dollars."    https://nnciraq.com/195697/

Iraq Lost More Than 20 Billion Dollars Due To The Delay In Signing The Fifth Licensing Round For Oil Fields

Deputy for / NINA /: Saturday 25 March 2023 18:22 | Economical Number of readings: 73  Kut / NINA / - A member of the Parliamentary Oil Committee, MP for Wasit, Basem Nghimesh Al-Gharibawi, confirmed that the delay in the procedure for signing the fifth licensing round for joint oil fields with neighboring countries caused losses to Iraq that exceeded $20 billion.

Al-Gharibawi told the National Iraqi News Agency ( NINA ) that the countries sharing with Iraq in these fields (Iran and Kuwait) worked to invest the resources of the fields over the years, which caused these losses. He added that this tour was supposed to be the first or the second, due to its importance in enhancing The national economy of Iraq's almost complete dependence on oil revenues./

https://ninanews.com/Website/News/Details?key=1042643

The Central Bank Of Iraq Withdraws The License Of An Islamic Bank And Appoints A Trustee Over It

Document :  Saturday 25 March 2023 10:50 | Economical Number of readings: 307  Baghdad / NINA / - The Central Bank of Iraq decided to withdraw the license of the Iraqi Islamic "Al-Wad" Bank, due to its involvement in the theft of "Al-Qarn".

And according to an official letter signed by Ammar Hamad Khalaf, Deputy Governor of the Central Bank, dated March 19, it was decided to take legal measures to withdraw the bank’s license and appoint (Muhammad Jawad Karim) as a trustee of the bank./ End 8

https://ninanews.com/Website/News/Details?key=1042563  

Central Bank Sales Exceeded 800 Million Dollars Last Week

Money  and business  Economy News / Baghdad  The total sales of the Central Bank of Iraq through the window of selling hard currency for dollars during the past week amounted to more than 800 million dollars.

According to the bank’s statistics, it sold during the past week for the four days in which the window for selling the currency was opened, with the exception of Tuesday, which coincides with an official holiday, the amount of 866 million 429 thousand and 915 dollars, at a daily rate of 216 million 607 thousand and 478 dollars, up by 2.37% from what was recorded in the week that followed. It preceded it, in which the sales rate reached 211 million 399 thousand 696 dollars.

The highest sales of the dollar during the past week were on Thursday, when sales reached 261 million, 660 thousand and 573 dollars, while the lowest sales were on Sunday, when sales amounted to 245 million, 613 thousand and 190 dollars.

Foreign remittance sales during the past week amounted to 660,171,520 dollars, an increase of 61.82%, compared to cash sales, which amounted to 252,700,000 dollars.

Sales went in the form of cash and remittances abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards reached 1,305 dinars per dollar, while the selling price of remittances abroad and the cash sale price amounted to 1,310 dinars per dollar.   https://economy-news.net/content.php?id=33102

Al-Sudani To The French President: Iraq Is Continuing To Establish Effective Economic Relations

Money  and business  Economy News – Baghdad   Today, Saturday, Prime Minister Muhammad Shia al-Sudani received a phone call from French President Emmanuel Macron.

According to Al-Sudani's office, the contact witnessed "discussions between the two sides on ways to strengthen bilateral relations, continue work and expand economic partnership for the benefit of the two countries."

Al-Sudani stressed, "Iraq will continue to establish effective economic relations that contribute to the construction of infrastructure, and open the doors of investment and partnership to all friends, within an effective economic and service program."

For his part, the French President praised "the growing relations between the two countries in various fields, and the increasing level of cooperation towards building economic partnerships that contribute to achieving mutual interests, in a way that enhances the development path of the two countries and the prosperity of their peoples."   https://economy-news.net/content.php?id=33107

The United Nations Announces Joint Programs With The Iraqi Judiciary

The United Nations Development Program in Iraq announced extensive programs in partnership with the Supreme Judicial Council, including programs aimed at combating corruption, money laundering and investigating financial crimes, while affirming its continued efforts to improve the status of Iraqi women in various sectors.

The Director of the Rule of Law Department at the United Nations Development Program, Romana Schweiger, told the Iraqi News Agency, "The United Nations General Assembly approved on April 28, 2021, its decision to celebrate the role of female judges in various parts of the world," noting that "member states called for the celebration of the tenth date." From the month of March to show support and improve the status of female judges in the judiciary and various agencies.

Schweiger confirmed, "The relationship with the Supreme Judicial Council and the Association of Iraqi Women Judges is excellent," noting that "the program's efforts are continuing to improve the status of women in various sectors of the state and society."

She added, "The joint work that brings us together with the Supreme Judicial Council and Judge Faeq Zaidan is very broad, not only for training programs or various topics of interest to the judiciary and the judges' staff, but also programs to combat corruption, money laundering, and the investigation of financial crimes and related matters," noting that "there are Extensive programs of the United Nations Development Program in its partnership with the Supreme Judiciary.

And she added, "There are unremitting efforts being made by the Supreme Judicial Council and all its cadres to face many challenges, with the aim of achieving justice and promoting economic growth."

https://www.radionawa.com/all-detail.aspx?jimare=33826

Low Oil Prices In The Global Market

Saturday 25 March 2023 08:57 | Economical Number of readings: 255  Baghdad / NINA / - Oil prices fell today, Saturday, despite continuing to record weekly gains, with the assessment of US crude reserves.

The price of Brent crude fell 92 cents, or 1.2 percent, to $74.99 a barrel, while West Texas Intermediate crude futures rose 70 cents, or 1%, to $69.26 a barrel./ End

https://ninanews.com/Website/News/Details?key=1042544

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