Iraqi News Highlights Tuesday Afternoon 6-20-23
Iraqi News Highlights Tuesday Afternoon 6-20-23
Tlm724 Administrator Bondlady’s Corner
Iraq Retreats 3 Ranks Among The Largest Holders Of US Bonds
Economy | 09:51 - 06/20/2023 Follow-up - Mawazine News The US Treasury announced, on Tuesday, that Iraq has fallen three ranks among the largest foreign holders of US bonds.
The treasury said in the latest table, seen by Mawazine News, that "Iraq fell three ranks after it reduced its holdings of bonds during the month of April, to reach the 36th rank among the countries with the largest possession of US Treasury bonds, which number 38 countries listed in the table of countries that must It has more than $28 billion.
And she added, "Iraq's possession of these bonds amounted to $34.8 billion for the month of April, down by 11.45% from last March, which Iraq's possession of bonds amounted to $39.3 billion, but it increased by 23% from March of the year 2022."
The treasury also indicated that "Iraq was the fourth largest Arab country after Saudi Arabia, the UAE and Kuwait, while Japan came at the top of the countries with the largest possession of these bonds at $1.127.2 trillion, followed by China second with $869 billion, the United Kingdom third with $680 billion, and Belgium fourth." with 336 billion dollars, and Luxembourg fifth with 332 billion dollars.
And it indicated that "the total bonds of the countries of the world for the month of April rose by 7 billion dollars from last February, to reach 7 trillion and 580 billion dollars." Ended 29 / A
https://www.mawazin.net/Details.aspx?jimare=229692
India: Our Investment Companies Want To Implement Important Projects In Iraq
Reconstruction and building Economy News – Baghdad Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani stressed, on Tuesday, the importance of developing and expanding horizons of bilateral cooperation with India in all fields, including economic, trade, financial, technical, health, agricultural, cultural and others.
And the Ministry of Oil stated in a statement that, "This came during the signing of the memorandum of understanding with his Indian counterpart, Minister of Oil, Natural Gas, Housing and Urban Affairs Hardeep Pureh in the Indian capital, New Delhi."
Abdul-Ghani said, "Iraq considers India an important trading partner and one of the most important importers of Iraqi crude oil. We have historical relations, friendship and distinguished cooperation with them, and India today represents an economic and industrial power that is witnessing rapid growth."
Abdul-Ghani pointed out the keenness of the two countries to activate and expand the horizons of bilateral cooperation through the activation of the Memorandum of Understanding, which includes several axes, including trade, financial, energy, economic, industrial, scientific, health, technical, agricultural, cultural and consular cooperation, training, exchange of experiences and other axes that serve common interests. "Indian investment companies to work in Iraq and in all fields."
For his part, Bureh said, "Iraqi-Indian relations are witnessing a great development," stressing "the depth of historical relations between the two countries and India's keenness to be an important trading partner for Iraq, and to strengthen these relations in all fields." He also stressed "the desire of Indian companies investment to implement important projects in Iraq.
40 views 06/20/2023 - https://economy-news.net/content.php?id=34834
Commerce Adopts The Electronic System Mechanism In Registering New Companies
Money and business Economy News _ Baghdad Today, Tuesday, the Ministry of Commerce clarified the mechanism for registering new companies, while noting that 48 services related to company registration will be transferred to the electronic system within two weeks.
The Director General of Companies Registration in Iraq at the Ministry, Rashad Khalaf Hashem, said, in an interview with the Iraqi News Agency, which was followed by "Al-Iqtisad News", that "the Ministry, through its website, clarifies the steps for those wishing to establish new companies, starting with the first step, which includes uploading documents to the system and sending them to the Registrar and the documents. required and ending with obtaining the company incorporation license.
He explained that "after the company's lawyer pays the fees, the incorporation license for the company is obtained within a maximum period of 10 days."
He pointed out that "the ministry, in cooperation with the Chamber of Commerce and the Federation of Chambers, has enabled the citizen to submit the name of the company, reserve it, and pay the names through the ministry's fee, as the Chamber of Commerce fees are not paid," noting that "the fees are fixed and the percentage of wages imposed increases according to the increase in the company's capital."
He pointed out that "citizens can now pay fees through the electronic payment service and through the electronic payment company Swage," stressing that "48 services will be converted to electronic within a maximum period of two weeks, which will make a difference by reviewing the Companies Registrar."
61 views 06/20/2023 - https://economy-news.net/content.php?id=34830
More Than $250 Million In Iraqi Central Sales Today
Tuesday 20, June 2023 12:17 | Economical Number of readings: 403 Baghdad / NINA / - Today, Tuesday, the Central Bank of Iraq sold more than 250 million dollars in foreign currency auction.
The electronic currency sale window stated that "the total amounts of transfers abroad (remittances, credits) amounted to 195,386,600 dollars." While "the total amounts of cash sales amounted to 56,700,000 dollars, and the total sales amounted to 252,086,600 million dollars."/ End 11
https://ninanews.com/Website/News/Details?key=1060602
A Slight Decrease In The Price Of The Dollar On The Local Stock Exchange
Tuesday 20, June 2023 11:23 | Economical Number of readings: 438 Baghdad / NINA / - The exchange rate of the dollar recorded a slight decrease in the local stock exchange.
The purchase price of the dollar was swallowed 500.145 thousand dinars per hundred dollars, while the selling price swallowed 500.146 thousand dinars per hundred dollars./ End2
https://ninanews.com/Website/News/Details?key=1060594
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