Iraqi News Saturday PM 6-4-21
Iraqi News Saturday PM 6-4-21
TLM724 Administrator BondLady’s Corner
Parliamentary Economy: The street will explode in the face of the government if the dollar continues to rise
Economy Saturday 5 June 2021 | 09:23 AM| Number of readings: 62 The Parliamentary Committee on Economy and Investment warned of the explosion of the street in the face of the government of Prime Minister Mustafa Al-Kazemi in the event that the dollar price continues to rise, noting that the Iraqi market has been witnessing great confusion for days due to the instability of the dollar exchange rate .
Committee member Salem Al-Tufaili said, “The main reason for the continued rise in the dollar exchange rate is the lack of real government control over the Iraqi market, as well as the work of private banks and exchanges, which manipulate prices according to their interest without any oversight or accountability .”
Al-Tufaili added that “the rise in the dollar exchange rate, as well as foodstuffs and other materials, is behind some greedy traders, bank owners and money transfer companies, among the influential personalities, who have relations with some parties and political figures, who control the market as they wish according to government silence .”
He pointed out that “the Iraqi market has been witnessing great confusion for days due to the instability of the dollar exchange rate and the increase in the prices of materials again, and this matter requires the intervention of the competent government agencies, to control the situation. Otherwise, the Iraqi street will explode again in the face of the government and all the political class, Because of the difficult economic conditions it is going through.” https://aynaliraqnews.com/index.php?aa=news&id22=148201
The Rise In The Dollar Exchange Rate In The Local Markets
Market Economy News _ Baghdad The exchange rates of the dollar rose, today, Saturday, in the main stock exchange in Baghdad and banking shops.
Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded 149,450 Iraqi dinars, compared to 100 US dollars.
The selling prices in the exchange shops in the local markets in Baghdad amounted to 150,000 Iraqi dinars, while the purchase prices amounted to 149,000 dinars per 100 US dollars.
Views 93 Date Added 05/06/2021 https://economy-news.net/content.php?id=25293
Al-Rafidain: Cancellation Of The Identification Witness For Citizens Wishing To Open Accounts To Deposit Their Money
Time: 06/05/2021 10:13:34 Reading: 3,900 times {Economic: Al Furat News} Rafidain Bank decided, on Saturday, to cancel the identification witness for citizens wishing to open accounts to deposit their money in the bank.
The media office of the bank stated in a statement that {Al-Furat News} received a copy of it, that “Al-Rafidain issued new instructions to facilitate procedures for citizens wishing to open saving and current accounts to deposit their money in the bank,” noting that “the bank canceled the requirement to witness the identification of customers who wish to open current accounts, with the aim of Attracting the largest number of customers while adhering to the principle of “know your customer” and taking due diligence measures.
He added, "The bank reiterated its commitment to submit one supporting document when opening savings and current accounts," noting that "the unified card dispenses with the rest of the documents, and there is no need to wait for the validity of its issuance while the civil status identity, passport, housing card, or housing endorsement is adopted for those who They were not issued a unified card." LINK
Iraq opens the major arena for trade exchange with the Iranian side
Economy Saturday 5 June 2021 | 10:03 am| Number of readings: 87
Today, Saturday, the Minister of Transport, Nasser Hussein Bandar Al-Shibli, arrived in the southernmost province of Basra, accompanied by a specialized technical delegation that included managers of transport formations and a number of stakeholders .
Upon his arrival, the Minister held a press conference, during which he reviewed the objectives of the visit, in order to review the progress of work and the implementation of transport projects in Basra Governorate .
Al-Shibli said during the conference: According to the directives of the Prime Minister, Mustafa Al-Kazemi, on the necessity of following up on the implementation of projects in the governorates, Basra Governorate was visited to review the work and affairs of the formations affiliated with the Ministry, including land transport, ports, railways, and private transport in Basra Governorate.
He explained: We will go to the Shalamcheh port to open the great arena for trade exchange between the Iraqi and Iranian sides in Shalamcheh, in addition to visiting the typical land transport garage, which includes a number of large trucks, a fuel station for drivers, repair workshops and others .
The minister also added: Follow-up of work progress, implementation of projects, construction of giant berths in the great port of Al-Faw and a visit to the railway station will be on the agenda of the visit to Basra Governorate. https://aynaliraqnews.com/index.php?aa=news&id22=148205
The Iraqi Stock Exchange Is Trading 54 Billion Shares Worth 57 Billion Dinars In A Week
Economy Saturday 5 June 2021 | 02:02 PM| Number of readings: 95 Today, Saturday, the Iraqi Stock Exchange announced the circulation of 54 billion shares, with a financial value of more than 57 billion dinars, during the past week
The market said in a report, that "the number of companies whose shares were traded during the past week amounted to 49 joint-stock companies, while the shares of 35 companies did not trade due to the lack of convergence of purchase orders prices with sales orders, while 19 companies continue to be suspended for not providing disclosure out of 103 companies listed in the market." ".
He added that "the number of traded shares amounted to 54 billion and 830 million 510 thousand shares, a decrease of 39% compared to the previous week, with a financial value of 90 billion dinars, down 39.52% compared to the previous week through the implementation of 2239 transactions," noting that "the traded price index ISX60 closed at 565.10 points, recording a decrease of 2.45% from its closing in the previous session .
He pointed out that "the number of shares purchased from non-Iraqi investors last week amounted to 427 million shares, with a financial value of 1339 million dinars, through the implementation of 329 deals, while the number of shares sold from non-Iraqi investors reached 281 billion shares, with a financial value of 596 billion dinars, through the implementation of 181 deals .
It is noteworthy that the Iraqi Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels. https://aynaliraqnews.com/index.php?aa=news&id22=148231
Al-Ittihad Expects To Announce The Final Agreement Between Baghdad And Erbil Next Week
Political Saturday 5 June 2021 | 09:11 am| Number of readings: 106 On Saturday, the representative of the Patriotic Union of Kurdistan, Shirwan Mirza, revealed that there is a great rapprochement between the Baghdad and Erbil governments regarding the implementation of the budget agreement, suggesting that a final agreement will be reached next week .
Mirza said that "the delegation of the Kurdistan region, headed by Qubad Talabani, the deputy prime minister of the regional government, returned to Erbil after preliminary understandings ."
He added, "According to what Qubad Talabani announced, there is a convergence of views between the two sides and they are close to an agreement between them ."
Mirza expected, "the agreement will be reached within the next week," noting that "the committee has no information about any other visit of the Kurdistan delegation to Baghdad in the coming days."
https://aynaliraqnews.com/index.php?aa=news&id22=148200
Iraq Announces The Details Of Its Military Committee Meeting With Its American Counterpart In Their First Meeting
Political Saturday 5 June 2021 | 01:01 PM| Number of readings: 71 Today, Saturday, the Joint Operations Command announced the holding of the first meeting between the Iraqi Military Technical Committee and its American counterpart in the capital, Baghdad .
And it said in a statement, that the first meeting between the Iraqi Military Technical Committee, headed by the Deputy Commander of Joint Operations Lieutenant-General Abdul-Amir Al-Shammari, and its American counterpart headed by the Commander of the Operations Solidarity Forces in Iraq, Lieutenant-General Paul Calvert, was held this morning in the Iraqi capital, Baghdad, indicating that the meeting comes in The framework of the technical security talks that were agreed upon in the strategic dialogue session held on the seventh of last April .
The statement added that the American side reiterated its respect for Iraqi sovereignty, explaining that the international coalition led by the United States is in Iraq at the request of the Iraqi government to provide advice, support and enablement to achieve a complete defeat of the terrorist gangs of ISIS .
The two sides agreed, according to the statement, on a framework for future sessions to discuss the long-term security relationship between two fully sovereign states .
The statement also referred to an agreement on an action plan to implement the outcomes of the strategic dialogue between Iraq and the United States, and to accomplish the plan during the next session of talks that will be held in Baghdad or Washington, in July or August of 2021, and will include specific mechanisms and timings to complete the redeployment of forces. combat operations of the international coalition outside Iraq. https://aynaliraqnews.com/index.php?aa=news&id22=148225
US Report: 3 Drone Attacks On Sensitive US Targets In Iraq
Reports| 11:38 - 05/06/2021 Baghdad - Mawazine News The New York Times confirmed that the United States is increasingly concerned about the escalation of attacks by small drones on its sites in Iraq.
The newspaper quoted US officials as saying that "armed groups opposed to Washington launched at least three attacks with booby-trapped planes under the cover of the night during the past two months on military bases used by the United States to carry out special operations."
The newspaper, quoting three well-informed officials, stated that "the first attack targeted before midnight on the 13th of April 14 a hangar belonging to the Central Intelligence Agency (CIA) at Erbil airport."
And the "Washington Post" newspaper previously reported that this attack, although no casualties were reported, caused great concern to the White House and the Pentagon.
At the dawn of May 8, another drone targeted the Ain al-Assad base in Anbar province, which the United States uses to operate MQ-9 Reaper combat drones.
A spokesman for the international coalition, Wayne Maroto, confirmed that this attack did not result in casualties, but it damaged an aircraft hangar.
Three days later, a drone struck an airport in Harir district, north of Erbil, used by the US Joint Special Operations Command.
And the "New York Times" reported that this attack did not leave any casualties or damage, but it increased the concern of officials in the coalition.
Three US officials confirmed to the newspaper that parts of the wreckage of all those drones had been found, saying that initial analysis revealed that they were Iranian-made or based on technologies produced in Iran.
The officials explained that these drones exceed in size ordinary civilian drones, but they are less than the "Reaper", noting that these new aircraft, according to military analysts, can transport between 10 and 60 pounds (4.5-27 kilograms) of explosives.
The newspaper pointed out that these drones fly at low altitudes, which prevents defense systems from detecting them. Ended 29/A43 https://www.mawazin.net/Details.aspx?jimare=155846
Decline In Iraq's Oil Exports To America
Energy Economy News _ Baghdad The US Energy Information Administration announced, on Saturday, that Iraqi oil exports to the United States decreased to 163,000 barrels per day, during the past week.
A report by the administration, which was reviewed by Al-Iqtisad News, stated that “the average US imports of crude oil during the past week from nine countries amounted to 5 million and 130 thousand barrels per day, down by 339 thousand barrels per day from the previous week, which amounted to 5 million and 469 thousand. barrel".
The report stated, "The United States imported crude oil from Iraq at a rate of 163,000 barrels per day, down from the previous week, which amounted to 184,000 barrels per day."
He also pointed out that "most of America's oil revenues during the past week came from Canada, at a rate of 3.147 million barrels per day, followed by Mexico, whose imports amounted to 702 and two thousand barrels per day, followed by Russia, whose imports amounted to 283,000 barrels per day, and Ecuador at 226 thousand barrels per day. thousand barrels per day.
The report of the US Energy Information Administration added that "the quantity of crude oil imports from Saudi Arabia reached an average of 188 thousand barrels per day, followed by Colombia, which imports amounted to 185,000 barrels per day, followed by Nigeria, which imports amounted to 169,000 barrels per day, and followed by Brazil, which amounted to Imports from it average 67,000 barrels per day.
Views 100 Date Added 05/06/2021 https://economy-news.net/content.php?id=25292
A Rise In Oil Prices Brings It Closer To $ 72 A Barrel
Time: 06/05/2021 11:52:05 Reading: 1,950 times {Economic: Al Furat News} Prices rose to nearly $ 72 a barrel, at their highest level in two years, at the last closing yesterday, Friday, supported by the OPEC + plan on supplies and the recovery of demand on concerns about the irregular activity of vaccinations against the Corona virus globally.
The Organization of the Petroleum Exporting Countries, "OPEC" and its allies, said that they are proceeding with the agreed supply restrictions, while the weekly supply report showed yesterday, Thursday, that US crude stocks fell more than expected last week.
Brent crude rose 33 cents, or 0.5%, to $71.64 a barrel by 08:12 GMT, and it had reached its highest level during the session last Thursday at $71.99, its highest since May 2019, and US West Texas Intermediate crude rose 22 cents. or 0.3% to $69.03. On a weekly basis, Brent is heading for a gain of more than 2.8% and WTI is heading for a 4% gain. LINK
Iraq And Russia Are Preparing A Broad Agenda For The Joint Committee Meeting In Moscow Next Month
Time: 06/04/2021 21:54:40 Reading: 6,149 times {Political: Al Furat News} Foreign Minister Fouad Hussein stressed, on Friday, with his Russian counterpart, Sergey Lavrov, the need to prepare a broad and diverse agenda for the next meeting of the Iraqi-Russian committee, which will be held in Moscow next month.
The ministry said in a statement, which {Euphrates News} received a copy of, that "Foreign Minister Fuad Hussein expressed his thanks to the government of the Republic of Russia, and its Ministry of Foreign Affairs for its position in support of Iraq's request from the Security Council to send observers to monitor the electoral process, stressing the importance of holding elections to build the right foundations. This came in a telephone conversation between the Minister of Foreign Affairs of the Russian Federation, Sergey Lavrov, and Minister Fuad Hussein.
They also discussed bilateral relations and the need to push commercial relations into broader areas, with emphasis on the important role that Russian oil companies play in Iraq.
In the context of the regional situation, the two ministers discussed "the Palestinian situation and the need to support the Palestinians to reach their legitimate goals. They expressed their concern about the emergence of some internal differences among the Palestinians, and stressed the need to resolve these differences and unify the Palestinian ranks."
On the other hand, the two ministers discussed "the Syrian situation and the values of the Iraqi position supporting Syria's return to its seat in the Arab League."
The two ministers reiterated the "need for continuity of communication and joint action in areas of concern to security and stability in the region."
For his part, the Russian Foreign Minister affirmed "his country's support to the Iraqi government in its efforts to restore security and stability to Iraq, and to eliminate terrorism. The Russian Minister valued communication and work to solve the outstanding problems between the federal government and the Kurdistan Regional Government, in a positive way, serving stability and leading to better coordination." to fight ISIS terrorists. LINK
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