Iraqi News Highlights Wednesday Afternoon 1-11-23
Iraqi News Highlights Wednesday Afternoon 1-11-23
Tlm724 Administrator Bondlady’s Corner
A New Rise.. The Exchange Rate Of The Dollar Is Close To 160,000 Dinars
Economie| 10:46 - 11/01/2023 Baghdad - Mawazine News Today, Wednesday, the exchange rates of the dollar witnessed an increase in the local stock exchange. Selling price: 159,700 dinars per 100 dollars Buying price: 159,500 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=216388
Including Iraq..Three Countries Will Record The Highest Economic Growth In 2023
Wednesday 11 January 2023 10:32 | Economical Number of readings: 342 Baghdad / NINA / - Today, Wednesday, the World Bank expected that three Arab countries, including Iraq, would witness the highest growth rate during the year 2023.
The bank stated in a report that "the growth of countries in the region will decline during the current two years 2023 and the next 2024, to record 3.5% and 2.7%." % respectively".
Despite the decline in the economic growth of the Arab countries, the bank stated that "Egypt, the UAE and Iraq have the highest economic growth rate among the other Arab countries during the year 2023, as their growth is expected to exceed 4%, while the growth rate of the rest of the Arab countries will decrease to less than from 4%.
The World Bank suggested that the economic growth rate for Egypt would be 4.5%, the economic growth rate for the UAE would be 4.1%, and the economic growth rate for Iraq would reach 4%.
He pointed out that "economic growth is likely to decrease for Iraq and the UAE during the year 2024, to reach 2.9% and 2.3% for both countries, respectively, while the economic growth rate for Egypt will rise to 4.8%.
" The World Bank pointed out, "The oil-exporting countries It obtained unexpected gains thanks to the rise in crude and gas prices and the increase in the volume of production, which was reflected in achieving an increase in gross domestic product at the fastest pace in nearly a decade.”
According to the bank, “the growth of the Arab oil countries, by itself, will slow from 6.1% in 2022.” To 3.3% this year, and to 2.3% next year https://ninanews.com/Website/News/Details?key=1025812
The Regional Government: Masrour Barzani And Al-Sudani Agreed To Solve The Files Of The Budget And The Oil And Gas Law
Posted On2023-01-11 By Sotaliraq 2023-01-11 The regional government: Masrour Barzani and Al-Sudani agreed to solve the files of the budget and the oil and gas law LINK
World Bank: It Is Time To Close The Development Gap In Iraq
Money and business Economy News-Baghdad The World Bank confirmed, on Wednesday, that the time has come to close the development gap in Iraq and create a society that addresses the problems and consequences of climate change, which may endanger social stability and prospects for economic development.
"The Iraqi government is more aware of the environmental problems that surround the country," Salim Rouhana, the bank's sustainable development program officer, said in a statement, stressing the need to take measures to close the development gap and create a society that is more responsive to the problems and consequences of climate change.
Rouhana added, "Iraq has gone through exceptional circumstances during the last stage, but it has become more aware of the dangers of climate change, which are actually linked to the structural, structural and developmental problems of the economy."
It is noteworthy that last November 2022, the Climate and Development Report for Iraq issued by the World Bank indicated that it would need investments worth about $233 billion by 2040 to be able to bridge priority development gaps and embark on a comprehensive green growth path.
Views 247 Added 01/11/2023 - 10:46 AM Updated 01/11/2023 - 6:22 PM
https://economy-news.net/content.php?id=31824
US Crude Stocks Drop Global Oil Prices
Economie| 08:55 - 11/01/2023 Follow-up - Mawazine News Oil prices fell, on Wednesday, giving up the gains of the previous session, after data in the sector revealed an unexpected increase in US crude and fuel stocks, which raised concerns about fuel demand. West Texas Intermediate crude futures fell 59 cents, or 0.8%, to $74.53 a barrel. Brent crude futures also fell 62 cents, or 0.8%, to $79.48 a barrel. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=216375
The World Bank Warns Of The Danger Of Climate Change On Economic Development In Iraq
Economie| 02:07 - 11/01/2023 Baghdad - Mawazine News The World Bank acknowledged that the time has come to close the development gap in Iraq and create a society that addresses the problems and consequences of climate change, which may endanger social stability and prospects for economic development.
"The Iraqi government is more aware of the environmental problems surrounding the country," Salim Rouhana, the bank's sustainable development program officer, said, stressing the need to "take measures to close the development gap and create a society that is more responsive to the problems and consequences of climate change."
Rouhana added in an interview with the official newspaper, followed by Mawazine News, that "Iraq has gone through exceptional circumstances during the last stage, but it has become more aware of the dangers of climate change, which are actually linked to the structural, structural and developmental problems of the economy." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=216405
The Minister Of Oil Announces Offering A Number Of Investment Opportunities In The Refining Industry Sector
Economie| 04:14 - 11/01/2023 Baghdad - Mawazine News The Minister of Oil, Hayan Abdul-Ghani, announced today, Wednesday, that a number of investment opportunities will soon be offered in the refining industry sector, after completing the papers and information related to the refinery bags that will be announced in a number of northern, central and southern governorates.
Abdul-Ghani said in a statement, a copy of which was received by Mawazine News, that "the ministry, as part of plans to increase refining capacities in Iraq, will offer in the near future a number of investment opportunities, including the Al-Amarah refinery in Maysan Governorate, with a capacity of (150) thousand barrels per day, and a refinery Muthanna refinery with a capacity of (100) thousand barrels per day, Kirkuk refinery with a capacity of (100) thousand barrels per day, Qayyarah refinery with a capacity of (70) thousand barrels per day, and adding a unit with a capacity of (70) thousand barrels per day to the Dhi Qar refinery to add to the current production of (30). ) thousand barrels, in addition to planning to establish a new refinery in Dhi Qar Governorate, with a capacity of (150) thousand barrels per day.
He pointed out that "the ministry proceeded to add production units to the refineries of the south, center and north."
He noted that "the Ministry of Oil had announced at one time the addition of a new production unit to the Diwaniyah refinery with a capacity of (70) thousand barrels, in addition to the imminent start of the actual production of the Karbala oil refinery with a capacity of (140) thousand barrels per day." Ended 29 / M99 https://www.mawazin.net/Details.aspx?jimare=216415
To read more current and reliable Iraqi news please visit BondLady’s Corner: